MIRA
INFORM REPORT
|
Report Date : |
31.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
MANJEET COTTON PRIAVTE LIMITED |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
21.11.2005 |
|
|
|
|
Com. Reg. No.: |
10-018123 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.17.461 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U00171MP2005PTC018123 |
|
|
|
|
IEC No.: |
1106004141 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLM06684G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECM5891Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter, Importer and Trader of all kinds of cotton, cotton
seed, cotton seed oil, yarn and their joint/by products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. 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 |
LOCATIONS
|
Registered Office : |
|
|
Tel. No.: |
91-7281-222263 |
|
Fax No.: |
91-7281-222263 |
|
E-Mail : |
allmanjeet@yahoo.com,prakashwohra@indiatimes.com, sanchitrajpal@manjeetgroup.com |
|
Website : |
|
|
|
|
|
Head Office : |
Plot 318, N – 3, CIDCO, |
|
Tel. No.: |
91-240-2474463 |
|
Fax No.: |
91-240-2473563 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Gut No. 196,
Tehsil Sailu, Parbhani, |
|
Tel. No.: |
91-2451-223063 |
|
Fax No.: |
91-2451-223063 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Gut No. 246, 247,
248, |
|
|
|
|
Branches : |
|
DIRECTORS
(AS ON 30.09.2010)
|
Name : |
Mr. Bhupendra Singh Rajpal |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
3, Jawahar Ganj, Sendhwa District-Barwani, |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.06.1959 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Post Graduate |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Experience : |
26 years |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
21.11.2005 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No : |
00311202 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship
:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rajendra Singh Rajpal |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
3, Jawahar Ganj, Sendhwa District-Barwani, |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.07.1961 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Post Graduate |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Experience : |
21 Years |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
21.11.2005 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No : |
00311209 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sanchit Bhupendra Singh Rajpal |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
3, Jawahar Ganj, Sendhwa District-Barwani, |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.01.1987 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Post Graduate |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Experience : |
8 Years |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
21.11.2005 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No : |
00311190 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2010)
|
Names of Shareholders |
|
No. of Shares |
|
Rajendra Singh Rajpal |
|
174000 |
|
Bupendra Singh Rajpal |
|
174125 |
|
Sanchit Rajpal |
|
174000 |
|
Bhupendra Singh Dharamsingh Rajpal (HUF) |
|
174000 |
|
Rajendra Singh Dharamsingh Rajpal (HUF) |
|
174000 |
|
Satpal Kaur Rajpal |
|
174000 |
|
Gurmeet Kaur Rajpal |
|
174000 |
|
Bhupendra Singh Rajendrasingh Rajpal |
|
174000 |
|
Surya Prakash Agal |
|
17500 |
|
Rakhi Agal |
|
17500 |
|
Rajendra Singh Rajpal (Partner Manjeet Fibrh) |
|
100000 |
|
Rasdeep Singh Chawla HUF |
|
100000 |
|
KU Parneet Rajpal |
|
25000 |
|
Manjeet Singh Chawla HUF |
|
20000 |
|
Manjeet Fibers, |
|
74000 |
|
Total
|
|
1746125 |
Equity Share Breakup
(AS ON 30.09.2010)
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
98.00 |
|
Other top fifty shareholders |
|
2.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter, Importer and Trader of all kinds of cotton,
cotton seed, cotton seed oil, yarn and their joint/by products. |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Mr. Prakash Wohra and Company Chrtered accountant |
|
Address : |
210, Royal Gold, 2nd Floor, 4-A, |
|
Tel. No.: |
91-731-2533955 / 4225525 |
|
Income-tax PAN of auditor or auditor’s firm : |
AACFP7838F |
CAPITAL STRUCTURE
(AS ON 31.03.2010)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1750000 |
Equity Share |
Rs.10/- each |
Rs.17.500 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1746125 |
Equity Share |
Rs.10/- each |
Rs.17.461
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 |
17.461 |
14.180 |
14.180 |
|
|
2] Share Application Money |
0.250 |
52.750 |
1.750 |
|
|
3] Reserves & Surplus |
423.041 |
193.605 |
114.683 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
440.752 |
260.535 |
130.613 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
909.269 |
418.779 |
349.046 |
|
|
2] Unsecured Loans |
128.733 |
193.692 |
122.597 |
|
|
TOTAL BORROWING |
1038.003 |
612.471 |
471.643 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
7.097 |
|
|
|
|
|
|
|
|
TOTAL |
1478.754 |
873.006 |
609.353 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
295.338 |
176.282 |
89.217 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
17.520 |
18.000 |
17.500 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
383.962
|
230.082
|
214.560
|
|
|
Sundry Debtors |
1080.681
|
248.853
|
319.529
|
|
|
Cash & Bank Balances |
206.530
|
112.393
|
65.772
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
831.343
|
2063.547
|
60.202
|
|
Total
Current Assets |
2502.516
|
2654.875 |
660.063 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
210.552
|
214.248
|
80.165
|
|
|
Other Current Liabilities |
1051.532
|
1740.483
|
42.803
|
|
|
Provisions |
74.536
|
21.427
|
34.473
|
|
Total
Current Liabilities |
1336.620
|
1976.158
|
157.441
|
|
|
Net Current Assets |
1165.896
|
678.717
|
502.622
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.007 |
0.014 |
|
|
|
|
|
|
|
|
TOTAL |
1478.754 |
873.006 |
609.353 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
TURNOVER |
35444.300 |
3710.400 |
3074.400 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
223.686 |
89.258 |
83.468 |
|
|
|
|
|
|
|
Less |
TAX |
79.580 |
30.953 |
28.569 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
144.106 |
58.305 |
54.899 |
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
82.22 |
41.12 |
38.71 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Net Profit Margin (PBT/Sales) |
(%) |
0.63
|
2.41 |
2.71
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.99
|
3.15 |
11.14
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.51
|
0.34 |
0.64
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
5.39
|
9.94
|
4.82
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.87
|
1.34
|
4.19
|
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS:
The Company has achieved a turnover of
Rs.35444.300 milions during the year as against Rs.3710.400 millions in last year.
This substantial growth in turnover during the year is mainly due to special
buying deals in bulk quantities with NAFED and CCI.
FINANCE:
The Company is enjoying credit facilities from
Bank of India, Sendhwa and Indore Branch and State Bank of
FORM 8:
|
Corporate
identity number of the company |
U00171MP2005PTC018123 |
|||||||||||||||||||||||||||
|
Name of the
company |
MANJEET COTON
PRIVATE LIMITED |
|||||||||||||||||||||||||||
|
Address of the
registered office or of the principal place of business in |
Email Id: allmanjeet@yahoo.com |
|||||||||||||||||||||||||||
|
This form is for |
Modification of
charge |
|||||||||||||||||||||||||||
|
Charge
identification number of the charge to be modified |
10204590 |
|||||||||||||||||||||||||||
|
Type of charge |
Immovable
property Movable property Book Debts |
|||||||||||||||||||||||||||
|
Particular of
charge holder |
Bank of India,
Indore MCB Branch, 345, PU-4, Sch. No. 54, A.B. Road, Indore-452010, Madhya
Pradesh, India Email Id: mcb.indore@bankofindia.co.in |
|||||||||||||||||||||||||||
|
Nature of
instrument creating charge |
1.
Memorandum
of Entry 2.
Supplemental
of Working Capital Consortium Agreement 3.
Supplemental
Joint Deed if Hypothecation |
|||||||||||||||||||||||||||
|
Date of
instrument Creating the charge |
21.01.2011 |
|||||||||||||||||||||||||||
|
Amount secured by
the charge |
Rs.1159.000
millions |
|||||||||||||||||||||||||||
|
Brief of the
principal terms an conditions and extent and operation of the charge |
a)
Rate
of Interest BOI: CC and SLC-2.50% overbase rate presently 11.50%, LC (F) and
BG-50% of applicable charges +ST SBI: CC-5% over base rate presently 13% p.a, SLC-6% over base rate
presently 14%, LC(F)-10% concession. b) Terms of Payment On Demand c) Margin Stock-25% Book Debts-40% Non Fund Base-10% d)
Extent
and operation of the charge: Security by way of 1st parri
passu charge to cover the principal amount together with interest/commission,
costs, charges and expenses and other monies and assets set out in the Third Schedule
of the Agreement. e) Others Facilities: (Amount in Millions)
|
|||||||||||||||||||||||||||
|
Short Particulars
of the property charged |
i. ii.
Factory
Land and Building at Gut No. 196, Tehsil Sailu, Parbhni (MS), Land Area
admeasuring 2 hectare. iii.
600
KW Enercon make WTG with land situated at Survey No. 719/1A, iv.
1250
KW Suzlon make WTG at Location No. B07, Survey No. 2244, v.
750
KW Wind Mil situated at Survey No. 717/1, 717/2 vi.
750
KW Wind Mill situated at Survey No. 679/3, |
|||||||||||||||||||||||||||
|
Particulars of
the present modification |
Limit enhanced
650.000 milions to 1159.000 milions detailed above: (Amount in Millions)
|
AS PER WEBSITE
DETAILS
Grounded to the roots of integrity and commitment, they are
manufacturer and exporter of cotton and cotton yarn. Aimed at offering the
maximum benefits to their clients, they are having been practicing the
"Fair Trade Techniques." Empowered with their own ginning and
pressing factories, they have been meeting the increasing needs of clients
through their efficient delivery and bulk production methods.
Company
Brief
Incepted in the year 1982, they have grown at a tremendous pace and today are
identified as
Located in Sendhwa, Madhya Pradesh, they have been exploring new horizons under
the guidance, support and leadership of their director, Mr. Rajendra Singh
Rajpal They have all the manufacturing facilities and workforce that enables us
to successfully meet the varied requirements of their clients worldwide.
Their
Journey
Founded by Mr. Bupendra Singh Rajpal and Mr. Rajendra Singh Rajpal, around 25
years ago, they have been focused to give the best products to their clients.
Making a noble beginning, they have grown in leaps and bounds to establish
their presence on the world map. With their stringent quality testing
procedures, state-of-the-art production units and the complete industrial
knowledge, they have marched ahead of their competitors across the globe.
Dealing into cotton bales, they have been growing as an eminent producer of all
types of cotton and supplying them to every nook and corner of the world. In their
journey towards success, they have grown on the goals of:
• Hard work
• Dedication
• Sincerity
• Righteousness
• Their vision
• Positive attitude
A
Social Commitment
A fast growing firm, they have been growing on the criteria of “Fair Trade”. For
the upliftment and growth of the farmers in
They also give the 3% of their net income to various NGO’s who are engaged in rendering their services for the farmers. Aimed at giving a better future to the farmers and families, they are also guiding the farmers in their sustainable growth
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.48.82 |
|
|
1 |
Rs.78.57 |
|
Euro |
1 |
Rs.69.28 |
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 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
47 |
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.