1. Summary Information
|
|
|
Country |
|
|
Company Name |
Kings
Electronics Private Limited |
Principal Name 1 |
|
|
Status |
Satisfactory |
Principal Name 2 |
|
|
|
|
Registration # |
11-117996 |
|
Street Address |
Shop No. 5, |
||
|
Established Date |
25.01.1999 |
SIC Code |
-- |
|
Telephone# |
91-22-27451150 / 27451150 / 27459812 /
27453856 |
Business Style 1 |
Trading |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
Consumer Durable Electronic and Electrical Goods |
|
# of employees |
150
Approximately |
Product Name 2 |
-- |
|
Paid up capital |
Rs.2,500,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of
directors (88.00%) Other top fifty shareholders
(12.00%) |
Banking |
Abhyudaya Co-operative Bank Limited |
|
Public Limited Corp. |
NO |
Business Period |
12 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Sister Concern |
|
New |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
110,476,000 |
Current Liabilities |
150,138,000 |
|
Inventories |
114,921,000 |
Long-term Liabilities |
103,665,000 |
|
Fixed Assets |
40,663,000 |
Other Liabilities |
4,621,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
258,424,000 |
|
Invest& other Assets |
5,049,000 |
Retained Earnings |
10,185,000 |
|
|
|
Net Worth |
12,685,000 |
|
Total Assets |
271,109,000 |
Total Liab. &
Equity |
271,109,000 |
|
Total Assets (Previous Year) |
203,484,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
828,066,000 |
Net Profit |
2,502,000 |
|
Sales(Previous yr) |
678,144,000 |
Net Profit(Prev.yr) |
1,703,000 |
MIRA
INFORM REPORT
|
Report Date : |
29.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
KINGS ELECTRONICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shop No. 5, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
25.01.1999 |
|
|
|
|
Com. Reg. No.: |
11-117996 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51395MH1999PTC117996 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK11102A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK2351C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Consumer Durable Electronic and Electrical Goods |
|
|
|
|
No. of Employees
: |
150 Approximately |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 51000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track records. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company 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
|
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 |
INFORMATION PARTED BY
|
Name : |
Mr. Pramod Jadhav |
|
Designation : |
Accountant |
LOCATIONS
|
Registered Office : |
Shop No. 5, |
|
Tel. No.: |
91-22-27451150 /
27451150 / 27459812 / 27453856 |
|
Mobile No.: |
91-8108103262 (Mr. Pramod Jadhav) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area: |
2500 sq. ft. |
|
Location: |
Rented |
|
|
|
|
Corporate Office: |
156 Durga
Prashad, MCC Housing Society, Panvel, Navi Mumbai – 410 206, |
|
|
|
|
Showroom : |
11, Raje Complex (Basement)
M.C.C Housing Society, Panvel, Navi Mumbai - 410 206, Tel. No.:
91-22-27457930 LG Showroom: ·
Vidhya
Apartment, MCC Housing Socity, Panvel, ·
Sector
6, Centre Point, Navi Mumbai, ·
Kharghar ·
Kamoda
|
DIRECTORS
As On 27.09.2010
|
Name : |
|
|
Designation : |
Director |
|
Address : |
Plot-45, Jashnani
Bhavan, Panvel – 410 203, |
|
Date of Birth/Age : |
19.11.1953 |
|
Date of Appointment : |
25.01.1999 |
|
DIN No. : |
00017688 |
|
|
|
|
Name : |
|
|
Designation : |
Director |
|
Address : |
Plot-45, Jashnani
Bhavan, Panvel – 410 203, |
|
Date of Birth/Age : |
26.12.1950 |
|
Date of Appointment : |
25.01.1999 |
|
DIN No. : |
00017695 |
|
|
|
|
Name : |
|
|
Designation : |
Director |
|
Address : |
Plot-45, Jashnani
Bhavan, Panvel – 410 203, |
|
Date of Birth/Age : |
15.03.1953 |
|
Date of Appointment : |
25.01.1999 |
|
DIN No. : |
00019086 |
|
|
|
|
Name : |
|
|
Designation : |
Director |
|
Address : |
Plot-45, Jashnani
Bhavan, Panvel – 410 203, |
|
Date of Birth/Age : |
08.09.1964 |
|
Date of Appointment : |
25.01.1999 |
|
DIN No. : |
00017706 |
|
|
|
|
Name : |
Mrs. Parmeshwari V. Jashnani |
|
Designation : |
Director |
|
Address : |
Plot-45, Jashnani
Bhavan, Panvel – 410 203, |
|
Date of Birth/Age : |
01.07.1932 |
|
Date of Appointment : |
25.01.1999 |
|
DIN No. : |
00019111 |
|
|
|
|
Name : |
|
|
Designation : |
Director |
|
Address : |
Plot-45, Jashnani
Bhavan, Panvel – 410 203, |
|
Date of Birth/Age : |
13.12.1955 |
|
Date of Appointment : |
25.01.1999 |
|
DIN No. : |
00017712 |
|
|
|
|
Name : |
|
|
Designation : |
Director |
|
Address : |
Plot-45, Jashnani
Bhavan, Panvel – 410 203, |
|
Date of Birth/Age : |
03.12.1965 |
|
Date of Appointment : |
25.01.1999 |
|
DIN No. : |
00017728 |
KEY EXECUTIVES
|
Name : |
Mr. Pramod Jadhav |
|
|
Designation : |
Accountant |
|
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As On 27.09.2010
|
Names of Shareholders |
No. of Shares |
|
Jashnani Vasumal Ashok |
20000 |
|
Jashnani Vasumal Dilip |
20000 |
|
Jashnani Ashok Hema |
20000 |
|
Jashnani Vasumal Ishwar |
20000 |
|
Jashnani Vasumal Parmeshwari |
20000 |
|
Jashnani Vasumal Prakash |
20000 |
|
Jashnani Vasumal Ramesh |
20000 |
|
Jashnani Sevoomal Vasumal |
20000 |
|
Jashnani Ishwar Priya |
15000 |
|
Jashnani Ramesh Bhawana |
15000 |
|
Jashnani Prakash Pooja |
15000 |
|
Jashnani Gurudash Dinesh |
7500 |
|
Jashnani Gurudash Manoj |
7500 |
|
Jashnani Ashok Navin |
15000 |
|
Jashnani Dinesh Vidhi |
7500 |
|
Jashnani Manoj Richa |
7500 |
|
otal |
250000 |
As On 27.09.2010
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Directors or relatives of directors |
|
88.00 |
|
Other top fifty shareholders |
|
12.00 |
|
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Consumer Durable Electronic and Electrical Goods |
|
|
|
|
Agencies Held : |
·
Sony ·
Samsung ·
LG |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Customers: |
·
Retailers
·
End
Users |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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No. of Employees : |
150 Approximately |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
Bankers : |
·
Abhyudaya
Co-operative Bank Limited – Administrative Office, K. K. Tower, Abhyudaya Bank,
Lane, Off G.D Ambekar Marg, Parel Village, Mumbai – 400012, Maharashtra,
India ·
ICICI
Bank ·
HDFC
Bank Limited ·
ABN Amro Bank ·
Barclays Bank ·
HDFC Bank Limited ·
Kotak Mahindra Bank Limited ·
Standard Chartered Bank |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
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|
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Banking
Relations : |
- |
|
|
|
|
Auditors : |
|
|
Name : |
Amit M. Shah Chartered Accountant |
|
Address : |
2, Shelar House, B/h Canara Bank, |
|
Tel. No.: |
91-22-25391231 |
|
E-Mail : |
|
|
Pan No. : |
AERPS7745F |
|
|
|
|
Sister Concern: |
·
New ·
New Bharat Electronics |
CAPITAL STRUCTURE
As On 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs. 10/- each |
Rs.2.500 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs. 10/- each |
Rs.0.100 Million |
|
240000 |
Equity Shares issued as fully paid bonus shares |
Rs. 10/- each |
Rs.2.400 Millions |
|
|
Total |
|
Rs.2.500
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 |
2.500 |
2.500 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
10.185 |
7.489 |
9.017 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
12.685 |
9.989 |
9.117 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
27.987 |
23.152 |
25.532 |
|
|
2] Unsecured Loans |
75.678 |
45.884 |
22.221 |
|
|
TOTAL BORROWING |
103.665 |
69.036 |
47.753 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.209 |
0.105 |
|
|
|
|
|
|
|
|
TOTAL |
116.350 |
79.234 |
56.975 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
40.663 |
28.279 |
27.860 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
5.048 |
3.838 |
2.218 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
114.921
|
88.484
|
70.889 |
|
|
Sundry Debtors |
65.740
|
57.781
|
50.213 |
|
|
Cash & Bank Balances |
16.229
|
6.319
|
5.974 |
|
|
Other Current Assets |
7.520
|
6.942
|
5.802 |
|
|
Loans & Advances |
20.987
|
11.731
|
8.703 |
|
Total
Current Assets |
225.397
|
171.257
|
141.581 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
60.416
|
41.868
|
32.975 |
|
|
Other Current Liabilities |
89.722
|
78.524
|
78.945 |
|
|
Provisions |
4.621
|
3.858
|
2.985 |
|
Total
Current Liabilities |
154.759
|
124.250
|
114.905 |
|
|
Net Current Assets |
70.638
|
47.007
|
26.676 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.110 |
0.221 |
|
|
DECIMAL ROUNDING OFF |
0.001 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
116.350 |
79.234 |
56.975 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
TURNOVER |
|
828.066 |
678.144 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
9.361 |
6.689 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
5.503 |
3.791 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
3.858 |
2.898 |
|
|
|
|
|
|
|
Less |
TAX |
|
1.356 |
1.195 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
|
2.502 |
1.703 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
10.01 |
6.81 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.45
|
1.45 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30
|
0.00 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
20.37
|
19.35 |
17.84 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.46
|
1.38 |
1.23 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS:
During the year, the company has achieved a turnover of Rs. 828.066
millions
Bankers Charges
Report as per Registry
|
Name of the company |
Kings Electronics
Private Limited |
|
Presented By |
Kings Electronics
Private Limited |
|
1) Date and description of instrument creating the change |
The company has by
declaration created the mortgage on the immovable property in favour of the
standard chartered bank on 24.11.2004. the certified copy of the memorandum
of entry in the regard in enclosed |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 4.500
millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Mortgage of
commercial property of the company situated at plot no. 158, Vaidya
Apartment, M. C. C.H Society, Panvel – 410206 |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Security for term
loan facility granted to the company. Charge operate as
first and paramount charge in favour of the bank as security for all dues
under the term loan limit |
|
5) Name and Address and description of the person entitled to the charge. |
Standard
Chartered Bank – 23-25, M |
|
6) Date and brief description of instrument modifying the charge |
Not Applicable |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Not Applicable |
|
Corporate
identity number of the company |
U51395MH1999PTC117996 |
||||||
|
Name of the
company |
Kings Electronics
Private Limited |
||||||
|
Address of the
registered office or of the principal place of business in |
Shop No 5 Nimkar Bldgm C H Society, Panvel Navi
Mumbai - 410206, |
||||||
|
This form is for |
Modification of
charge |
||||||
|
Type of charge |
Book Debts Movable Property |
||||||
|
Particular of
charge holder |
|
||||||
|
Nature of
instrument creating charge |
Agreement of
Hypothecation of Stock and Book-Debts |
||||||
|
Date of
instrument Creating the charge |
31.07.2009 |
||||||
|
Amount secured by
the charge |
Rs. 35.000
millions |
||||||
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest
- Rate of Interest : 12.50% p.a. with monthly rests, or at such other rate as
may be fixed by the Bank from time to time. Terms of
Repayment Margin - Margin :
40% Extent and
Operation of the charge - To secure the due repayment of Cash Credit facility
of Rs.35.000 Millions, together with interest, all costs, charges and
expenses thereon, granted by the Bank to the Company. |
||||||
|
Particulars of
the property charged |
All, present and
future, goods/stock of the Company, described in Schedule to the said
agreement. All, present and
future, book-debts of the Company. |
||||||
|
Date of
instrument modifying the charge |
27.03.2008 |
||||||
|
Particulars of
the present modification |
By this
modification, the Cash Credit facility of Rs.35.000 Millions earlier granted
by the Bank to the Company, has been renewed. Therefore, the
overall charge still remains at Rs.35.000 Millions. |
FIXED ASSETS
·
Air conditioner
·
Amplifier
·
Calculator
·
Cash counting machine
·
Electric fittings
·
EPABX machine
·
Fax machine
·
Camera system
·
Generator
·
Invertor and battery
·
Mobile phone
·
Neon sign board
·
Safewell 20EA
·
Water purifier
·
Telephone instrument
·
Water pump
·
Scooter
·
Furniture and fittings
·
Maruti omni
·
Max pick up
·
Tata Ace
·
Computer
·
Accer laptop
·
Printer
·
Quickheal antivirus
·
Software programs
·
Windows server 2003
·
UPS
·
Bio smart
·
Gold and silver
·
God statue
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] 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.48.82 |
|
|
1 |
Rs.78.57 |
|
Euro |
1 |
Rs.69.29 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.