Summary Information
|
|
|
Country |
|
|
Company Name |
RATIONAL BUSINESS CORPORATION PRIVATE LIMITED |
Principal Name 1 |
Mr. Ashish Gupta |
|
Status |
Moderate |
Principal Name 2 |
Mr. Ashok Gupta |
|
|
|
Registration # |
55-041196 |
|
Street Address |
Bahalgarh Chowk, |
||
|
Established Date |
10.01.2006 |
SIC Code |
-- |
|
Telephone# |
91-11-42563500/27463400 |
Business Style 1 |
Manufacture |
|
Fax # |
91-11-42563599 |
Business Style 2 |
Supply |
|
Homepage |
Product Name 1 |
Office Stationery |
|
|
# of employees |
Not Available |
Product Name 2 |
Allied Products |
|
Paid up capital |
Rs. 53,396,000/- |
Product Name 3 |
Computer Hardware |
|
Shareholders |
Directors or
relatives of Directors – 100% |
Banking |
Punjab National
Bank |
|
Public Limited Corp. |
NO |
Business Period |
5 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (30) |
|
Related Company |
|||
|
Relation |
Country |
Company Name |
|
|
Note |
- |
||
2. Summary Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
182,494,000 |
Current Liabilities |
69,707,000 |
|
Inventories |
137,379,000 |
Long-term Liabilities |
162,732,000 |
|
Fixed Assets |
79,313,000 |
Other Liabilities |
20,256,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
252,695,000 |
|
Invest& other Assets |
25,000 |
Retained Earnings |
93,120,000 |
|
|
|
Net Worth |
146,516,000 |
|
Total Assets |
399,211,000 |
Total Liab. & Equity |
399,211,000 |
|
Total
Assets (Previous Year) |
413,204,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
1,082,466,000 |
Net Profit |
19,071,000 |
|
Sales(Previous yr) |
1,020,701,000 |
Net Profit(Prev.yr) |
3,944,000 |
MIRA
INFORM REPORT
|
Report Date : |
19.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
RATIONAL BUSINESS CORPORATION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Bahalgarh Chowk, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
10.01.2006 |
|
|
|
|
Com. Reg. No.: |
55-041196 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 53.396 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21017HR2006PTC041196 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELR12309D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacture and
supply of complete range of Office Stationery and Allied Products and
Computer Hardware and Peripherals. |
|
|
|
|
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 586000 |
|
|
|
|
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 to mediocre 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) |
|
|
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 : |
Bahalgarh Chowk, |
|
Tel. No.: |
91-11-42563500/27463400 |
|
Fax No.: |
91-11-42563599 |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
Corporate Office: |
N-10, Satyawati Nagar, Ashok Vihar, Phase 3, |
|
Email : |
DIRECTORS
As on 23.09.2010
|
Name : |
Mr. Ashish Gupta |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
B-26, Satyawati Nagar, |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.09.1968 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
10.01.2006 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00023146 |
||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ashok Gupta |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
B-26, Satyawati Nagar, |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.02.1974 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
10.01.2006 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00023505 |
||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 23.09.2010
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Ashish Radheyshyam Gupta |
|
29800 |
|
Ashok Radheyshyam Gupta |
|
29800 |
|
Anubha Radheyshyam Gupta |
|
55000 |
|
TOTAL |
|
114600 |
|
Names of Shareholder (Preference
Shares) |
|
No. of Shares |
|
Anubha Radheyshyam Gupta |
|
522500 |
|
TOTAL |
|
522500 |
Equity Share Break up (Percentage of Total Equity)
As on 23.09.2010
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture and
supply of complete range of Office Stationery and Allied Products and Computer
Hardware and Peripherals. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Computer Stationery |
Packet |
NA |
1200000 |
1004020 |
|
Labels |
Packet |
NA |
500000 |
511649 |
|
|
|
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Pankaj Jindal and Company Chartered Accountant |
|
Address : |
11/10, ll nd Floor, Shakti Nagar, |
|
PAN.: |
ABVPJ5532A |
|
|
|
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
700000 |
Redeemable Preference Shares |
Rs.100/- each |
Rs. 70.000 Millions |
|
|
TOTAL |
|
Rs. 80.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
114600 |
Equity Shares (out of the above 50000 shares of Rs. 10 each fully paid up were
issued for consideration other than cash pursuant to take over of Rational
Business Corporation) |
Rs.10/- each |
Rs. 1.146
Millions |
|
460000 |
2% Redeemable Preference Shares – Redeemable After 10 Years (out of the above 310000 shares of Rs. 100 each fully paid up were
issued for consideration other than cash pursuant to take over of Rational
Business Corporation) |
Rs.100/- each |
Rs. 46.000 Millions
|
|
62500 |
2% Redeemable Preference Shares - Redeemable After
20 Years (These shares were issued for consideration
other than cash pursuant to take over of RBC Enterprise) |
Rs.100/-
each |
Rs. 6.250
Millions |
|
|
TOTAL |
|
Rs. 53.396 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 |
53.396 |
53.396 |
53.350 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
93.120 |
75.411 |
72.363 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
146.516 |
128.807 |
125.713 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
141.905 |
81.425 |
107.601 |
|
|
2] Unsecured Loans |
20.827 |
19.426 |
23.650 |
|
|
TOTAL BORROWING |
162.732 |
100.851 |
131.251 |
|
|
DEFERRED TAX LIABILITIES |
0.859 |
0.959 |
0.515 |
|
|
|
|
|
|
|
|
TOTAL |
310.107 |
230.617 |
257.479 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
79.313 |
77.493 |
74.180 |
|
|
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 |
137.379
|
123.600 |
115.918 |
|
|
Sundry Debtors |
143.682
|
152.188 |
187.383 |
|
|
Cash & Bank Balances |
7.515
|
9.345 |
8.848 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
31.297
|
30.012 |
26.617 |
|
Total
Current Assets |
319.873
|
315.145 |
338.766 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
69.218
|
152.752 |
145.498 |
|
|
Other Current Liabilities |
0.489
|
0.641 |
2.045 |
|
|
Provisions |
19.397
|
8.770 |
8.182 |
|
Total
Current Liabilities |
89.104
|
162.163 |
155.725 |
|
|
Net Current Assets |
230.769
|
152.982 |
183.041 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.025 |
0.142 |
0.260 |
|
|
|
|
|
|
|
|
TOTAL |
310.107 |
230.617 |
257.479 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1082.466 |
1020.701 |
1062.337 |
|
|
|
Other Income |
2.205 |
7.375 |
11.346 |
|
|
|
TOTAL (A) |
1084.671 |
1028.076 |
1073.683 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material |
807.917 |
802.989 |
822.846 |
|
|
|
Manufacturing Expenses |
55.129 |
51.904 |
73.722 |
|
|
|
Payments to and Provisions For Employee |
53.240 |
46.700 |
39.478 |
|
|
|
Selling and Administrative Expenses |
111.638 |
91.791 |
100.576 |
|
|
|
Preliminary Expenses |
0.118 |
0.118 |
0.118 |
|
|
|
TOTAL (B) |
1028.042 |
993.502 |
1036.740 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
56.629 |
34.574 |
36.943 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
15.850 |
16.574 |
15.142 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
40.779 |
18.000 |
21.801 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
11.064 |
9.757 |
12.475 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
29.715 |
8.243 |
9.326 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
10.644 |
4.299 |
3.604 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
19.071 |
3.944 |
5.722 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend – Equity Shares |
0.115 |
0.115 |
0.110 |
|
|
|
- Preference Shares |
1.045 |
1.045 |
1.045 |
|
|
|
Corporate tax on proposed Dividend |
0.197 |
0.197 |
0.196 |
|
|
BALANCE CARRIED
TO THE B/S |
17.714 |
2.587 |
4.371 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Traveling |
1.150 |
0.629 |
NA |
|
|
|
Consultation |
0.449 |
0.536 |
NA |
|
|
|
Conveyance |
0.045 |
0.230 |
NA |
|
|
TOTAL EARNINGS |
1.644 |
1.395 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
46.541 |
33.507 |
NA |
|
|
|
Finished Goods |
332.061 |
240.554 |
NA |
|
|
TOTAL IMPORTS |
378.602 |
274.061 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
155.75 |
23.74 |
42.52 |
|
|
|
Diluted |
3.57 |
0.74 |
1.07 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.76
|
0.38 |
0.53 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.75
|
0.81 |
0.88 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.44
|
2.10 |
2.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.06 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.72
|
2.04 |
2.28 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.59
|
1.94 |
2.18 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8:
|
Corporate
identity number of the company |
U21017HR2006PTC041196 |
|
Name of the
company |
RATIONAL BUSINESS CORPORATION PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Bahalgarh Chowk, Email : PANKAJJINDALANDCO@GMAIL.COM |
|
This form is for |
Creation
of charge |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Standard Charted
Bank, 10, Email : sme.form8@sc.com |
|
Nature of
instrument creating charge |
Memorandum of
Entry |
|
Date of instrument
Creating the charge |
26.08.2011 |
|
Amount secured by
the charge |
Rs. 390.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest:
As per Agreement Terms of
Repayment: As per Agreement Margin : As per Agreement Extent and
operation of the charge : Extent and
operation 100% |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Equitable
mortgage by way of first charge over company’s immovable property i.e
property built on land admeasuring 18 kanal 5 Marla Comprised in khewat No.
272 Khata No. 315, Mustatil No. 3, Killa No.21, Killa No.22/1, Mustatil No.11
Killa (6-11) Killa No. 2/1 (1-18) in revenue estate of village liwas pur,
Sonepat, Haryana together with all buildings and structures there on or to be there on. |
FIXED ASSETS:
- Computers
- Furniture and Fixtures
- Land
- Building Others
- Building Factory
- Office Equipment
- Plant and Machinery
- Support Equipments
- Vehicles others
- Vehicle Commercial
- Goodwill
WEBSITES DETAILS
About us:
Subject is a fast
growing dynamic organization specialized in design, manufacture and supply of complete
range of Office Stationery and Allied Products and Computer Hardware and
Peripherals, that are strategically developed and marketed all over the
country.
Rational Business Corporation (P) Limited strives to create innovative and
leading products that enable it to gain a reputation that is enviable in the
industry. Their desire to succeed, combined with deep rooted principles, has
propelled them to grow multifarious. They are committed to satisfy their
customers’ needs. They achieve this by supplying extensive range of high
performance products which boast of superior quality, backed with a service
commitment, timely delivery and competitive pricing
Brands like Century, de’Smat, de’Smat Technologies, Datapack, XPrint, Solprint
and X’tec are among the most preferred names of the industry.
By integrating Computer and Office Stationery Division, Reprographics and
Signage Division and Computer Hardware and Peripherals Division with industrial
label stock, they have effectively and efficiently succeeded in providing
complete solution under one roof.
The group is well channellised across
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.49.13 |
|
|
1 |
Rs.77.58 |
|
Euro |
1 |
Rs.67.58 |
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 |
3 |
|
--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.