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Report Date : |
13.04.2012 |
IDENTIFICATION DETAILS
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Name : |
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Registered
Office : |
T. C. 20/293, Lourde nagar, Poat-Anchery, Thrissur – 680006, Kerala |
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Country : |
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Year of
Establishment : |
1990 |
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Com. Reg. No.: |
32080560232 VAT 32071201626 SSI |
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Capital
Investment / Paid-up Capital : |
Not Divulged |
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IEC No.: |
1008001741 |
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PAN No.: [Permanent Account No.] |
ABIPJ7707L |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business
: |
Manufacturer and Suppliers of Rubber Mould |
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No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (44) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established proprietory concern having satisfactory track.
Trade relations are reported as fair. Business is active. Payments are
reported as fair. Business is active. Payments are reported to be usually
correct and as per commitments The concern 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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY (GENERAL DETAILS)
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Name : |
Mr. Joshy Andrews |
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Designation : |
Proprietor |
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Contact No.: |
91-9387112040 / 9495131060 |
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Date : |
29.03.2012 |
LOCATIONS
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Registered Office / Factory: |
T. C. 20/293, Lourde nagar, Poat-Anchery, Thrissur – 680006, Kerala,
India |
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Tel. No.: |
91-487-2426383 / 2443460 |
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Mobile No.: |
91-9387112040 / 9495131060 (Mr. Joshy Andrews) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Area : |
9000 Sq. Ft. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Joshy Andrews |
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Designation : |
Proprietor |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Suppliers of Rubber Mould |
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Products : |
Rubber Moulds
For Paving Blocks ·
Rubber Moulds Solid Block Brick ·
Rubber Moulds Metro Paving Block ·
Rubber Moulds I-Brick Paving Block ·
Rubber Moulds Claver Paving Block ·
Rubber Moulds Dempel (A) Paving Block ·
Rubber Moulds Dempel (B) Paving Block ·
Rubber Moulds Triarc Paving Block ·
Rubber Moulds Zig Zag Paving Block ·
Rubber Moulds Classic Paving Block ·
Rubber Moulds I - Check Paving Block ·
Rubber Moulds Dempel-c Paving Block ·
Rubber Moulds Tri Arc (B) Paving Block ·
Rubber Moulds Royal Paving Block ·
Rubber Moulds Tavera Paving Block ·
Rubber Moulds Parker Paving Block ·
Rubber Moulds Classic (B) Paving Block ·
Rubber Moulds UNO Paving Block ·
Rubber Moulds Claver (B) Paving Block ·
Rubber Moulds Maruti Wall Tile Rubber Moulds
For Floor Tiles ·
Rubber Moulds Diamond Floor Tile ·
Rubber Moulds Cadbury Floor Tile ·
Rubber Moulds Antique Floor Tile ·
Rubber Moulds Aquepuncher Floor Tile ·
Rubber Moulds Star Floor Tile ·
Rubber Moulds Fantasy Floor Tile ·
Rubber Moulds Omega Floor Tile ·
Rubber Moulds Super Grip Floor Tile ·
Rubber Moulds Small Chech Floor Tile ·
Rubber Moulds Gems Floor Tile ·
Rubber Moulds Vlctory Floor Tile ·
Rubber Moulds Chathura Floor Tile ·
Rubber Moulds Big Button Floor Tile ·
Rubber Moulds Button Floor Tile ·
Rubber Moulds Raiser Floor Tile ·
Rubber Moulds Ellora Floor Tile ·
Rubber Moulds Hutch Floor Tile ·
Rubber Moulds Sigma Floor Tile ·
Rubber Moulds Bhima Floor Tile ·
Rubber Moulds Optegon Floor Tile ·
Rubber Moulds Art Rock Floor Tile ·
Rubber Moulds Victor Floor Tile ·
Rubber Moulds Tiger Leg Floor Tile ·
Rubber Moulds Step Floor Tile ·
Rubber Moulds Wave Floor Tile ·
Rubber Moulds Big Check Floor Tile ·
Rubber Moulds Emerald Floor Tile ·
Rubber Moulds Spider Web Floor Tile ·
Rubber Moulds Dazzle Floor Tile ·
Rubber Moulds Paara Floor Tile ·
Rubber Moulds Vertex Floor Tile ·
Rubber Moulds Plane Floor Tile ·
Rubber Moulds Opel Floor Tile |
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Exports : |
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Products : |
·
Rubber Moulds ·
Rubber Tiles ·
Machinery |
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Countries : |
·
Europe ·
Gulf Countries
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Terms : |
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Selling : |
L/C and Credit (30 days) |
GENERAL INFORMATION
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No. of Employees : |
10 (Approximately) |
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Bankers : |
Canara Bank, Thrissur – 680006, Kerala, India |
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Banking
Relations : |
-- |
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Auditors : |
Not Available |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Divulged |
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Borrowed : |
-- |
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Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT DIVULGED
The above information has been declined by Mr. Joshy Andrews.
Note : Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry
Records.
LOCAL AGENCY FURTHER INFORMATION
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Check List by Info Agents |
Available in Report (Yes / No) |
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1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
Yes |
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5) Type of Business |
Yes |
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6) Line of Business• |
Yes |
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7) Promoter’s background |
No |
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8) No. of employees |
Yes |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last two years |
No |
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12) Profitability for last three years |
No |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
No |
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15) Capital in the business |
No |
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16) Details of sister concerns |
No |
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17) Major suppliers |
No |
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18) Major customers |
No |
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19) Payments terms |
Yes |
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20) Export / Import details (if applicable) |
Yes |
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21) Market information |
-- |
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22) Litigations that the firm / promoter |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
No |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
No |
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28) Incorporation details, if applicable |
No |
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29) Last accounts filed at ROC |
No |
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30) Major Shareholders, if available |
No |
Profile:
This is a
proprietorship firm established in the year 1990. The proprietor is Mr Joshy Andrews.
They are engaged in the manufacture and supply of a comprehensive range of
Rubber moulds and Industrial products. These products are widely used in the
construction industry and re made using quality raw materials for ensuring
durability. Their forte lies in offering their clients with customized range of
designer tiles moulds and a host of other industrial and automobile rubber
moulds. They also provide technical support for tile making and supplying all
types of machineries for tile making. Customized coupled with time bound
delivery, impeccable quality, astounding diversity and technical prowess has
helped them reach heights of success. It was not easy for them to make space in
a well established industry, but they put their best minds and latest
technology to full potential. This enabled them to make a name for themselves.
At the top of all this Mr Joshy Andrews supported by a team of professionals.
Their local
supplies are more than their export. They employed about 10people. Their
turnover is about Rs.150.000 Millions to Rs.20.000 Millions. Their bankers are
Canara Bank. Now there is no way to assess their financial strength. So caution
advised in all financial dealings with them. The very fact that they are
operational for the past 22 years speaks a lot for their success. Their factory
is a 9000 sq.ft. area owned by the firm.
The medium sized firm that is old and reputed.
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
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.51.44 |
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|
1 |
Rs.81.96 |
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Euro |
1 |
Rs.67.61 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
4 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
YES |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
44 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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.