MIRA
INFORM REPORT
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Report Date : |
19.11.2011 |
IDENTIFICATION DETAILS
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Name : |
ARTISIAN |
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Registered
Office : |
233, Tripolia Bazar, Jaipur – 302002, Rajasthan |
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Country : |
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Financials (as
on) : |
31.10.2011 |
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Date of
Incorporation : |
18.07.2007 |
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Capital
Investment / Paid-up Capital : |
Rs.0.700 Million (Estimated) |
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IEC No.: |
1307009514 |
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TIN No.: |
08162208718 |
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PAN No.: [Permanent Account No.] |
AADFA0869F |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
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Line of Business
: |
Manufacturing and Exporting of photo album, photo albums, paper photo
albums, decorative paper photo albums, handmade paper photo albums, paper
photo album. Also deals in photo frames, paper photo frames, handmade paper,
handmade paper products, paper gift items, photo frames, albums, jewellery
boxes, desktop stationery products, journals, notebooks, photo albums,
storage boxes, collapsible boxes, display boxes, chocolate boxes, jewellery
display boxes, carry bags, wrapping sheets. |
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No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (42) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 2800 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established partnership concern having satisfactory track.
Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. Lokesh Khandelwal |
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Designation : |
Partner |
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Contact No.: |
91-9829063506 |
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Date : |
10.11.2011 |
LOCATIONS
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Registered Office : |
233, Tripolia Bazar, Jaipur – 302002, Rajasthan, India |
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Tel. No.: |
91-141-2576506 |
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Mobile No.: |
91-9829063506 (Mr. Lokesh Khandelwal) |
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Fax No.: |
91-141-2576506 |
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E-Mail : |
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Location : |
Owned |
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Factory : |
Located at : Jaipur – 302002, Rajasthan, India |
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Location : |
Rented |
PARTNERS
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Name : |
Mr. Lokesh Khandelwal |
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Designation : |
Partner |
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Address : |
635, Vidhyadhar Ka Rasta, Tripolia Bazar, Jaipur – 302003, Rajasthan,
India |
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Date of Birth/Age : |
40 Years |
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Qualification : |
Graduate |
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Experience : |
18 Years |
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Name : |
Mrs. Seema Khandelwal |
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Designation : |
Partner |
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Address : |
635, Vidhyadhar Ka Rasta, Tripolia Bazar, Jaipur – 302003, Rajasthan,
India |
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Name : |
Mr. Mohd. Jahangeer Khan |
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Designation : |
Partner |
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Address : |
3838, Bal Niwas Gali, Kalyan Ji Ka Rasta, Chandpole Bazar, Jaipur –
302001, Rajasthan, India |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Trader and Exporter of photo album, photo albums, paper
photo albums, decorative paper photo albums, handmade paper photo albums,
paper photo album. Also deals in photo frames, paper photo frames, handmade
paper, handmade paper products, paper gift items, photo frames, albums,
jewellery boxes, desktop stationery products, journals, notebooks, photo
albums, storage boxes, collapsible boxes, display boxes, chocolate boxes,
jewellery display boxes, carry bags, wrapping sheets. |
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Exports : |
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Products : |
·
Storage Boxes ·
Jewellery Display Boxes ·
Desktop Stationery Products ·
Wrapping Sheets ·
Wine Bottle Cases ·
Other Handmade paper Product ·
Handmade Paper Products ·
Jewellery Boxes ·
Paper Photo Albums ·
Photo Frames ·
Collapsible Storage Boxes ·
Display/Chocolate Boxes ·
Carry Bags ·
Fancy Journals ·
Decorative Journals ·
Journals/ Notebooks |
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Countries : |
·
Europe |
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Terms : |
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Selling : |
Cash/ Credit (30 days) |
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Purchasing : |
Cash/ Credit (30 days) |
GENERAL INFORMATION
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Customers : |
·
Retailers ·
Others |
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No. of Employees : |
10 (Approximately) |
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Bankers : |
Bank of Baroda, Jaipur – 302002, Rajasthan, India |
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Banking
Relations : |
-- |
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Auditors : |
Not Available |
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Sister Concerns : |
Shive Narayan Ram Pratap Address : Jaipur – 302002, Rajasthan, India Line of Business : Handmade paper, Handmade paper products Sales Turnover : Rs.3.000 Millions |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.0.700 Million (Estimated) |
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Borrowed : |
-- |
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Total : |
Rs.0.700 Million
(Estimated) |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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01.04.2011
to 31.10.2011 |
31.03.2011 |
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Sales Turnover (Approximately) |
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7.000 |
1.400 |
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Expected Sales (2011-12): Rs.10.000 Millions
The above information has been parted by Mr. Lokesh Khandelwal
Note : Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry
Records.
LOCAL AGENCY FURTHER INFORMATION
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Check List by Info Agents |
Available in Report (Yes / No) |
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1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
Yes |
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5) Type of Business |
Yes |
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6) Line of Business• |
Yes |
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7) Promoter’s background |
-- |
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8) No. of employees |
Yes |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last two years |
Yes |
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12) Profitability for last three years |
No |
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13) Reasons for variation <> 20% |
No |
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14) Estimation for coming financial year |
Yes |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
Yes |
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17) Major suppliers |
No |
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18) Major customers |
No |
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19) Payments terms |
Yes |
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20) Export / Import details (if applicable) |
Yes |
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21) Market information |
-- |
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22) Litigations that the firm / promoter |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
No |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
Yes |
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28) Incorporation details, if applicable |
-- |
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29) Last accounts filed at ROC |
-- |
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30) Major Shareholders, if available |
-- |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.35 |
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|
1 |
Rs.80.97 |
|
Euro |
1 |
Rs.69.26 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
4 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
YES |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
42 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.