MIRA
INFORM REPORT
|
Report Date : |
25.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
KARTHIGEYA PLASTICS AND TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 39 and 40, SIDCO Industrial Estate, Thirumudivakkam,
Chennai-600 044, Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
22.06.2006 |
|
|
|
|
Com. Reg. No.: |
18-60314 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.31.600 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25206TN2006PTC060314 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEK08440F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCK8808P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Plastic Components, Plastic Products, Molds, Injection
Molds and Different types of Molding and Casting. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 240000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Trade
relations are reported as fair. Business is active. Payments are reported to
be slow but correct. The company can be considered for small 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
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office/ Factory : |
Plot No. 39 and 40, SIDCO Industrial Estate, Thirumudivakkam,
Chennai-600 044, Tamilnadu, India |
|
Tel. No.: |
91-44-64530409 / 64144909 |
|
Fax No. : |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Rajgopal Nandakumar |
|
Designation : |
Director - Technical: |
|
Date of Birth/Age : |
20.05.1970 |
|
Date of Appointment : |
22.06.2006 |
|
DIN No.: |
00977084 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U25206TN2002PTC049293 |
Karthigeya
Moulds and Dies Private Limited |
Director |
19-07-02 |
19-07-02 |
- |
Active |
NO |
|
2 |
U25206TN2006PTC060314 |
Karthigeya Plastics
and Technologies Private Limited |
Director |
22-06-06 |
22-06-06 |
- |
Active |
NO |
|
3 |
U29150TN2008PTC067509 |
K2 Cranes and
Components Private Limited |
Whole-time
director |
01-07-08 |
28-04-08 |
- |
Active |
NO |
|
4 |
U29220TN2009PTC073064 |
K2 Machine Tools
Private Limited |
Director |
01-10-09 |
01-10-09 |
- |
Active |
NO |
|
Name : |
Mr. Narsimma Achari Arumugam |
|
Designation : |
Director Technical and Customer
Support |
|
Date of Birth/Age : |
13.09.1969 |
|
Date of Appointment : |
22.06.2006 |
|
DIN No.: |
00977124 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U25206TN2002PTC049293 |
Karthigeya
Moulds and Dies Private Limited |
Director |
19-07-02 |
19-07-02 |
- |
Active |
NO |
|
2 |
U25206TN2006PTC060314 |
Karthigeya
Plastics and Technologies Private Limited |
Director |
22-06-06 |
22-06-06 |
- |
Active |
NO |
|
3 |
U29150TN2008PTC067509 |
K2 Cranes and
Components Private Limited |
Whole-time
director |
01-07-08 |
28-04-08 |
- |
Active |
NO |
|
4 |
U29220TN2009PTC073064 |
K2 Machine Tools
Private Limited |
Director |
01-10-09 |
01-10-09 |
- |
Active |
NO |
|
Name : |
Mr. Paul Rathna Kumar
Earnarst |
|
Designation : |
Managing Director |
|
Date of Birth/Age : |
12.11.1957 |
|
Date of Appointment : |
22.06.2006 |
|
DIN No.: |
01658448 |
Other directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U45201TN1995PTC030581 |
Green Peace Constructions
Private Limited |
Director |
20-03-95 |
20-03-95 |
- |
Active |
NO |
|
2 |
U01117TN2006PTC059474 |
Green Peace
Agrotech Private Limited |
Managing
director |
10-04-06 |
10-04-06 |
- |
Active |
NO |
|
3 |
U25206TN2006PTC060314 |
Karthigeya Plastics
and Technologies Private Limited |
Director |
22-06-06 |
22-06-06 |
- |
Active |
NO |
|
4 |
U29268TN2007PTC064489 |
Karthigeya
Engineering Private Limited |
Director |
20-08-07 |
20-08-07 |
- |
Active |
|
|
5 |
U45400TN2009PTC073053 |
Green Peace
Infrastructure Development Private Limited |
Managing
director |
01-10-09 |
01-10-09 |
- |
Active |
NO |
|
6 |
U45400TN2010PTC078290 |
Green Choice
Construction Company Private Limited |
Director |
01-12-10 |
01-12-10 |
- |
Active |
NO |
|
Name : |
Mr. Semban Ramarao Jagadeesan |
|
Designation : |
Director – Finance |
|
Date of Birth/Age : |
14.12.1957 |
|
Date of Appointment : |
22.06.2006 |
|
DIN No.: |
01704534 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U45201TN1995PTC030581 |
Green Peace
Constructions Private Limited |
Director |
20-03-95 |
20-03-95 |
- |
Active |
NO |
|
2 |
U25206TN2006PTC060314 |
Karthigeya Plastics
and Technologies Private Limited |
Director |
22-06-06 |
22-06-06 |
- |
Active |
NO |
|
3 |
U45400TN2009PTC073053 |
Green Peace
Infrastructure Development Private Limited |
Director |
01-10-09 |
01-10-09 |
- |
Active |
NO |
|
Name : |
Mr. Subramanian Dhandapani |
|
Designation : |
Director - Admin |
|
Date of Birth/Age : |
06.05.1969 |
|
Date of Appointment : |
22.06.2006 |
|
DIN No.: |
02125154 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U25206TN2002PTC049293 |
Karthigeya
Moulds and Dies Private Limited |
Director |
19-07-02 |
19-07-02 |
- |
Active |
NO |
|
2 |
U25206TN2006PTC060314 |
Karthigeya
Plastics and Technologies Private Limited |
Director |
22-06-06 |
22-06-06 |
- |
Active |
NO |
|
3 |
U29150TN2008PTC067509 |
K2 Cranes and
Components Private Limited |
Whole-time
director |
01-07-08 |
28-04-08 |
- |
Active |
NO |
|
4 |
U29220TN2009PTC073064 |
K2 Machine Tools
Private Limited |
Director |
01-10-09 |
01-10-09 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
R. Nandakumar |
|
1062000 |
|
N. Arumugam |
|
1062000 |
|
P.R. Earnarst |
|
477900 |
|
S. R. Jagadeesan |
|
477900 |
|
S. Dhandapani |
|
1062000 |
|
Lavanya Earnarst |
|
477900 |
|
Sathya Jagadeesan |
|
477900 |
|
E I Tharoon |
|
212400 |
|
Total |
|
5310000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2010
|
Category |
|
Percentage of Holding |
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Plastic Components, Plastic Products, Molds, Injection
Molds and Different types of Molding and Casting. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
|
Financial Institution : |
Reliance Capital Limted |
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|
|
|
Auditors : |
|
|
Name : |
Dorairaj and Associates Chartered Accountants |
|
Address : |
160, 56th Street, TVS Colony, Anna Nagar, West Extension,
Chennai-600 101, Tamilnadu, India |
|
Tel. No.: |
91-44-26542555/26542565/26542575 |
|
E-Mail : |
|
|
PAN No.: |
AAGPD2257A |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5310000 |
Equity Shares |
Rs.10/- each |
Rs.53.100 Millions |
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 Millions |
|
1660000 |
Add : Bonus Shares (Equity Shares) |
Rs.10/- each |
Rs.16.600 Millions |
|
|
Total |
|
Rs.31.600
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
31.600 |
31.600 |
10.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
5.000 |
|
|
3] Share Premium |
0.000 |
0.000 |
16.600 |
|
|
4] Reserves & Surplus |
28.470 |
13.547 |
6.139 |
|
|
5] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
60.070 |
45.147 |
37.739 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
90.595 |
76.660 |
52.792 |
|
|
2] Unsecured Loans |
7.219 |
6.098 |
6.308 |
|
|
TOTAL BORROWING |
97.814 |
82.758 |
59.100 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
157.884 |
127.905 |
96.839 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
119.990 |
108.980 |
64.431 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
14.772 |
17.965 |
5.718 |
|
|
Sundry Debtors |
72.236 |
42.841 |
28.862 |
|
|
Cash & Bank Balances |
0.682 |
0.183 |
0.080 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
11.974 |
7.858 |
8.341 |
|
Total
Current Assets |
99.664 |
68.847 |
43.001 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
59.003
|
46.985 |
9.362 |
|
|
Other Current Liabilities |
0.000 |
0.000 |
0.000 |
|
|
Provisions |
2.819 |
3.043 |
1.388 |
|
Total
Current Liabilities |
61.822 |
50.028 |
10.750 |
|
|
Net Current Assets |
37.842 |
18.819 |
32.251 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.052 |
0.106 |
0.157 |
|
|
|
|
|
|
|
|
TOTAL |
157.884 |
127.905 |
96.839 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
367.932 |
262.944 |
132.118 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
367.932 |
262.944 |
132.118 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
346.836 |
254.745 |
121.418 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
21.096 |
8.199 |
10.700 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
6.173 |
0.792 |
0.699 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
14.923 |
7.407 |
10.001 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.72 |
4.938 |
100.01 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
4.06 |
2.82
|
7.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.60 |
4.61
|
9.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35 |
0.18
|
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.66 |
2.94
|
1.85 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.61 |
1.38
|
4.00 |
LOCAL AGENCY FURTHER INFORMATION
FINANCIAL RESULTS:
During the year, the company has made a net profit of Rs.14.923 Millions. The Directors are confident of achieving better financial results in the ensuring financial years.
FORM 8:
|
Corporate
identity number of the company |
U25206TN2006PTC060314 |
|
Name of the
company |
KARTHIGEYA
PLASTICS AND TECHNOLOGIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
Plot No. 39 and 40, SIDCO Industrial Estate, Thirumudivakkam,
Chennai-600 044, Tamilnadu, India E-mail : admin@karthigeya.com
|
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10047954 |
|
Type of charge |
Book Debts Immovable
Property |
|
Particular of
charge holder |
Canara Bank, Teynampet Branch, Anna Salai, Chennai-600 018, Tamilnadu,
India E-mail : cb0416@canarabank.com
|
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental of
Common Hypothecation Agreement |
|
Date of
instrument Creating the charge |
04.08.2011 |
|
Amount secured by
the charge |
Rs.147.933
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As per the agreement Terms of
Repayment As per the
agreement Margin As per the
agreement Extent and
Operation of the charge As per the
agreement |
|
Short particulars
of the property charged |
Hypothecation of
stocks and book debts, hypothecation of machineries to be purchased from term
loan for plant and machineries, fixtures Exclusive charge
on land and building at Plot No.39 And 40 Sidco Industrial Estate at
Thirumudivakkam Plant and
machineries |
|
Particulars of
the present modification |
The following are
the overall limits Cash Credit
Limit Rs.50.000 Millions LC Limit Rs.1.933Millions Term Loan -
I Rs.35.000 Millions Term Loan
-II Rs.32.000 Millions Term Loan
III Rs.9.000 Millions Guarantee Rs.2.500 Millions New Term Loan
IV Rs.17.500 Millions Hence the total
limit has been increased from Rs.130.433 Millions to Rs.147.933 Millions |
FIXED ASSETS:
·
SIDCO Land
·
Land Development Expenses
·
Factory Building
·
Plant and Machinery
·
Electrical Fitting
·
Computer
·
Furniture
·
Vehicle
WEBSITE DETAILS:
PROFILE:
Subject an ISO9001:2000 and TS16949 and certified group is
one among the promising industry in the Plastic
Injection Mould and Molding division. It caters with a strong presence in segments of automobile,
Electrical and Electronic, Engineering products and home appliances….
Complementing production infrastructure subject functions
independently on mould developing segment and processing segment. In recent
years, Subject has evolved as a more dynamic, knowledge driven organisation
focused towards creation of TOTAL SOLUTION PROVIDER.
In the process, it has also transformed its activities from
its traditional mould and moulding industry, to a globally acknowledged work
station. A concerted program of innovation and technological excellence helps
it to proactively respond to the needs of every individual segment.
Today, Subject not only has the range, but also a well
entrenched delivery and quality system enables it to reach customers without
any compromise. As the industry leader, Subject is committed to developing its
business towards ecological and economic sustainability. A key initiative in
environmental accountability it achieved 5’S’ recognition and works towards
ISO14000.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.52.25 |
|
UK Pound |
1 |
Rs. 81.23 |
|
Euro |
1 |
Rs.69.83 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
30 |
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 |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.