MIRA
INFORM REPORT
|
Report Date : |
17.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
DEV PRIYA PRODUCTS LIMITED |
|
|
|
|
Registered
Office : |
2nd Floor, 4 Shankar Vihar, Vikas Marg, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
09.07.1993 |
|
|
|
|
Com. Reg. No.: |
55-054397 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.65.300 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1993PLC054397 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELD03686E / DELD07064B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD4276C |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engage in manufacturing of Kraft Paper and Paper board. |
|
|
|
|
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 1055000 |
|
|
|
|
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. Payment 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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
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 : |
2nd Floor, 4 Shankar Vihar, Vikas Marg, |
|
Tel. No.: |
91-11-22013156 / 22013159 / 22460457 |
|
Fax No.: |
91-11-42440323 |
|
E-Mail : |
|
|
Area : |
1000 Sq. Ft. |
|
Location : |
Residential |
|
|
|
|
Administrative Office : |
A-2, Ahabu nagar, |
|
Tel. No.: |
91-121-2510956 / 25293883 |
|
|
|
|
Works : |
8TH KM Vill. Saini, |
|
Tel. No.: |
91-121-2620133 / 2620933 |
|
Fax No.: |
91-121-2621904 |
|
Location : |
Owned |
DIRECTORS
As on 30.09.2009
|
Name : |
Mr. Sanjeev Gupta |
|
Designation : |
Director |
|
Address : |
A/2, Shambhu Nagar, |
|
Date of Birth/Age : |
18.05.1970 |
|
Date of Appointment : |
01.04.2003 |
|
DIN No.: |
00060848 |
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 |
U25190DL2000PTC106438 |
RPG INDUSTRIAL
PRODUCT PRIVATE LIMITED |
Director |
23-06-00 |
23-06-00 |
- |
Active |
NO |
|
2 |
U51909DL1997PTC084439 |
AVTAR
DISTRIBUTORS PRIVATE LIMITED |
Director |
15-03-02 |
15-03-02 |
- |
Active |
NO |
|
3 |
U74899DL1993PLC054397 |
DEV PRIYA
PRODUCTS LIMITED |
Whole-time
director |
01-04-10 |
01-04-03 |
- |
Active |
NO |
|
4 |
U91110UP1945NPL001322 |
THE WESTERN U.P.
CHAMBER OF COMMERCE AND INDUSTRY |
Director |
23-09-10 |
23-09-10 |
- |
Active |
NO |
|
5 |
U24232UP2005PTC030508 |
ZEALOUS
BIOTECHNOLOGIES PRIVATE LIMITED |
Director |
01-12-10 |
01-12-10 |
- |
Active |
NO |
|
6 |
U45400WB1997PTC085820 |
RPG NIRMAN
PRIVATE LIMITED |
Additional
director |
01-09-11 |
01-09-11 |
- |
Active |
NO |
|
Name : |
Rajeev kumar Gupta |
|
Designation : |
Director |
|
Address : |
Dev Priya Shambhu Nagar, |
|
Date of Birth/Age : |
02.04.1965 |
|
Date of Appointment : |
01.04.2003 |
|
DIN No.: |
00126905 |
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 |
U25190DL2000PTC106438 |
RPG INDUSTRIAL
PRODUCT PRIVATE LIMITED |
Director |
23-06-00 |
23-06-00 |
- |
Active |
NO |
|
2 |
U74899DL1993PLC054397 |
DEV PRIYA
PRODUCTS LIMITED |
Whole-time
director |
01-04-10 |
01-04-03 |
- |
Active |
NO |
|
3 |
U45400WB1997PTC085820 |
RPG NIRMAN
PRIVATE LIMITED |
Director |
05-05-11 |
02-05-08 |
- |
Active |
NO |
|
Name : |
Mr. Manish Gupta |
|
Designation : |
Director |
|
Address : |
A/2, Shambhu Nagar, |
|
Date of Birth/Age : |
01.08.1972 |
|
Date of Appointment : |
10.03.2006 |
|
DIN No.: |
00052876 |
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 |
U74899DL1993PTC053796 |
HOLY COMMERICIAL
PRIVATE LIMITED |
Director |
20-09-02 |
20-09-02 |
- |
Active |
NO |
|
2 |
U74899DL1987PTC051459 |
DEV PRIYA PAPERS
PRIVATE LIMITED |
Director |
01-10-02 |
01-10-02 |
01-10-09 |
Active |
NO |
|
3 |
U74899DL1993PLC054397 |
DEV PRIYA
PRODUCTS LIMITED |
Whole-time
director |
01-04-10 |
10-03-06 |
- |
Active |
NO |
|
4 |
U45400WB2007PTC120520 |
WATIKA NIRMAN
PRIVATE LIMITED |
Director |
01-05-10 |
01-05-10 |
- |
Active |
NO |
|
5 |
U45400WB1997PTC085820 |
RPG NIRMAN
PRIVATE LIMITED |
Additional
director |
01-09-11 |
01-09-11 |
- |
Active |
NO |
|
Name : |
Mr. Mahendra kumar Gupta |
|
Designation : |
Director |
|
Address : |
Dev Priya Shambhu Nagar, |
|
Date of Birth/Age : |
01.08.1949 |
|
Date of Appointment : |
31.12.2007 |
|
DIN No.: |
00126749 |
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 |
U74899DL1993PTC056706 |
SUPREME
POLYPROPOLENE PRIVATE LIMITED |
Director |
31-12-93 |
31-12-93 |
01-12-08 |
Active |
NO |
|
2 |
U70101DL1997PTC084350 |
MAHENDRA
CONSTRUCTIONS PRIVATE LIMITED |
Director |
09-01-97 |
09-01-97 |
- |
Active |
NO |
|
3 |
L17111UP1988PLC009594 |
SYBLY INDUSTRIES
LIMITED |
Director |
29-01-01 |
29-01-01 |
- |
Active |
NO |
|
4 |
U74899DL1993PLC054397 |
DEV PRIYA
PRODUCTS LIMITED |
Director |
31-12-07 |
01-04-03 |
01-10-09 |
Active |
NO |
|
5 |
U74899DL1987PTC051459 |
DEV PRIYA PAPERS
PRIVATE LIMITED |
Director |
01-04-05 |
01-04-05 |
31-08-07 |
Active |
NO |
|
6 |
U21010DL1990PLC039163 |
DEVPRIYA
INDUSTRIES LIMITED |
Director |
30-08-08 |
30-08-08 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2009
|
Names of Shareholders |
|
No. of Shares |
|
Manish Kumar Gupta |
|
627500 |
|
Rajeev Gupta |
|
377500 |
|
Sanjeev Gupta |
|
470000 |
|
Rajendra Prasad Gupta |
|
320000 |
|
Suresh Chand Goel |
|
25000 |
|
Holy Commercial Private Limited, |
|
440000 |
|
Satish Chand Goel |
|
20000 |
|
R.P Gupta and Sons |
|
192500 |
|
Benu Gupta |
|
80000 |
|
Devanshu Gupta |
|
110000 |
|
A. S. Papers private limited, |
|
225000 |
|
V. R. Port Folio Limited, |
|
612500 |
|
Umapati Commercial Private Limited, Modinagar |
|
200000 |
|
Rishab Filaments Limited, |
|
800000 |
|
Kalpana Gupta |
|
200000 |
|
Dhruv Gupta (UG) Manish Gupta |
|
50000 |
|
Total |
|
4750000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2009
|
Category |
Percentage |
|
Bodies corporate |
48.00 |
|
Directors or relatives of Directors |
52.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engage in manufacturing of Kraft Paper and Paper board. |
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|
|
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|
Products : |
|
PRODUCTION STATUS
As on 31.03.2010
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
M. G. Kraft Paper and Duplex Board |
M. T. |
NA |
65000.000 |
61260.7293 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sanjay and Company Chartered Accountant |
|
Address : |
S-248, |
|
PAN.: |
AAIFM4167G |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs.70.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5350000 |
Equity Shares |
Rs.10/- each |
Rs.53.500
Millions |
After 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs.70.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4750000 |
Equity Shares |
Rs.10/- each |
Rs.47.500
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 |
53.500 |
47.500 |
47.500 |
|
|
2] Share Application Money |
11.800 |
7.000 |
0.000 |
|
|
3] Reserves & Surplus |
198.537 |
111.890 |
83.356 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
263.837 |
166.390 |
130.856 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
247.562 |
309.560 |
284.288 |
|
|
2] Unsecured Loans |
121.676 |
93.695 |
77.227 |
|
|
TOTAL BORROWING |
369.238 |
403.255 |
361.515 |
|
|
DEFERRED TAX LIABILITIES |
34.561 |
30.545 |
23.807 |
|
|
|
|
|
|
|
|
TOTAL |
667.636 |
600.190 |
516.178 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
304.385 |
299.445 |
261.059 |
|
|
Capital work-in-progress |
80.954 |
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 |
111.064
|
130.928 |
136.013 |
|
|
Sundry Debtors |
254.450
|
209.902 |
176.808 |
|
|
Cash & Bank Balances |
7.607
|
14.493 |
7.660 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
84.692
|
75.408 |
49.972 |
|
Total
Current Assets |
457.813
|
430.731 |
370.453 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
152.112
|
114.266 |
100.951 |
|
|
Other Current Liabilities |
23.404
|
15.720 |
14.318 |
|
|
Provisions |
0.000
|
0.000 |
0.065 |
|
Total
Current Liabilities |
175.516
|
129.986 |
115.334 |
|
|
Net Current Assets |
282.297
|
300.745 |
255.119 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
667.636 |
600.190 |
516.178 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1427.267 |
1230.972 |
998.300 |
|
|
|
Other Income |
1.361 |
1.290 |
0.919 |
|
|
|
TOTAL (A) |
1428.628 |
1232.262 |
999.219 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
714.140 |
662.739 |
506.148 |
|
|
|
Manufacturing Expenses |
512.294 |
413.462 |
354.339 |
|
|
|
Personnel Expenses |
24.266 |
17.821 |
14.144 |
|
|
|
Administrative and Selling Expenses |
65.536 |
51.895 |
35.057 |
|
|
|
Increase / Decrease in stock |
6.619 |
(14.305) |
1.039 |
|
|
|
TOTAL (B) |
1322.855 |
1131.612 |
910.727 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
105.773 |
100.650 |
88.492 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
36.724 |
40.401 |
38.308 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
69.049 |
60.249 |
50.184 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
22.824 |
20.083 |
18.404 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
46.225 |
40.166 |
31.780 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
13.579 |
11.631 |
14.442 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
32.646 |
28.535 |
17.338 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
89.391 |
60.856 |
43.518 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
122.037 |
89.391 |
60.856 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
2.29
|
2.32 |
1.74 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.24
|
3.26 |
3.18 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.06
|
5.50 |
5.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.24 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.06
|
3.20 |
3.64 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.61
|
3.31 |
3.21 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS
The Company produced during the year was 61260.73 M.T. High B.F. Kraft
paper and Coated Duplex Board as against 52669.24 M.T. during the previous year.
The total realization from Sales is Rs.1486.443 Millions during the year as
against Rs.1315.448 Millions during the previous year. The company has earned
the profit before Tax of Rs.46.225 Millions as against a profit of Rs.40.166
Millions during the previous year. The Directors expect better result in the
coming years
EXPANSION PLAN
The installed capacity of the company has increased to 65000 M.T. during
the year. The company is undertaken a modernization cum expansion plan by
putting the balancing equipments of the latest technology. This will improve
the quality of existing product and consumption. Both projects will come in
Current year.
CONTINGENT
LIAILITIES
|
Particulars |
Rs. In Million As on 31.03.2010 |
|
Bank Guarantee |
1.000 |
|
Sales Tax |
1.574 |
FIXED ASSETS
- Land
- Building
- Plant and Machinery
- Office Equipment
- Furniture and fixtures
- Vehicles
- Computer
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.47.47 |
|
|
1 |
Rs.74.96 |
|
Euro |
1 |
Rs.65.79 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
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 |
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.