|
|
|
Country |
|
|
Company Name |
TBS METAL
LIMITED |
Principal Name 1 |
Kunal Tarachand Shah |
|
Status |
Moderate |
Principal Name 2 |
Ashokkumar Tarachand Shah |
|
|
|
Registration # |
11-194372 |
|
Street Address |
Kanji Mansion,
Block No. 3, 1st Floor, 311/317, S.V.P. Road, Mumbai – 400004,
Maharashtra, India |
||
|
Established Date |
18.05.2007 |
SIC Code |
-- |
|
Telephone# |
91-22-6636-2533 |
Business Style 1 |
Exporter |
|
Fax # |
91-22-2385-4979 |
Business Style 2 |
Supplier |
|
Homepage |
- |
Product Name 1 |
Stainless steel coils |
|
# of employees |
Not Available |
Product Name 2 |
Sheets |
|
Paid up capital |
Rs. 500,000/- |
Product Name 3 |
Plats |
|
Shareholders |
Directors or
relatives of Director – 100.00% |
Banking |
Punjab National Bank |
|
Public Limited Corp. |
No |
Business Period |
5 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ca (14) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
5,484,000 |
Current Liabilities |
7,108,000 |
|
Inventories |
0,000 |
Long-term Liabilities |
6,500,000 |
|
Fixed Assets |
1,922,000 |
Other Liabilities |
0000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
13,608,000 |
|
Invest& other Assets |
83000 |
Retained Earnings |
0.000 |
|
|
|
Net Worth |
(6,119,000) |
|
Total Assets |
7,489,000 |
Total Liab. & Equity |
7,489,000 |
|
Total Assets (Previous Year) |
48,946,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
43,434,000 |
Net Profit / (Loss) |
(606,000) |
|
Sales(Previous yr) |
289,929,000 |
Net Profit/
(Loss) (Prev.yr) |
(3,770,000) |
|
Report Date : |
19.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
TBS METAL LTD (w.e.f.05.05.2009) |
|
|
|
|
Formerly Known
As : |
SURAJ METASTEEL LIMITED |
|
|
|
|
Registered
Office : |
Kanji Mansion, Block No. 3, 1st Floor, 311/317, S.V.P. Road,
Mumbai – 400004, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
18.05.2007 |
|
|
|
|
Com. Reg. No.: |
11-194372 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100MH2007PLC194372 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS59738A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AALCS1862L |
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Exporter, Distributer, Trader and supplier of stainless steel coil,
sheets, plates, strips |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (14) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track .There appears
huge accumulated losses recorded by the company. Profitability of the company
is under pressure. However, Trade relations are reported as fair. Business is
active. Payments are reported to be slow. The company can be considered for business dealing on a safe and
secured trade terms and condition. |
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 : |
Kanji Mansion, Block No. 3, 1st Floor, 311/317, S.V.P.
Road, Mumbai – 400004, Maharashtra, India |
|
Tel. No.: |
91-22-23891649 / 91-22-66362533/34 |
|
Mobile No.: |
91-9819816005 (Mr. Pyush Mahta) |
|
Fax No.: |
91-22-23894979 |
|
E-Mail : |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Ashokkumar Tarachand Shah |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
51, Shanti Nagar, 5th Floor,, Samta Appartment, Usmanpura,
Ahmadabad – 380013, Gujarat, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
18.05.2007 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00254255 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Gunvantkumar Tarachand Shah |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Flate No. 7, 3rd Floor, 14 Pannalal, Terrace, 7th
Khetwadi, Mumbai – 400004, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
18.05.2007 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00254292 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Kunal Tarachand Shah |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
18/B, Laxminarayan Society, Shantinagar, Usmanpura, Ahmedabad - 380013 , Gujarat, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
18.05.2007 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00254205 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other directorship
:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Kunal Tarachand Shah |
|
5000 |
|
Ashokkumar Tarachand Shah |
|
5000 |
|
Gunvantkumar Tarachand Shah |
|
5000 |
|
Anila Ashok Shah |
|
10600 |
|
Rekha Gunvant Shah |
|
6200 |
|
Chandrika Kunal Shah |
|
8200 |
|
Suraj Limited (India) |
|
10000 |
|
Total |
|
50000 |
As on 30.09.2010
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Exporter, Distributer, Trader and supplier of stainless steel coil,
sheets, plates, strips |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
Punjab National Bank |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
(Rs. In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K.C Nanvati and Company Chartered Accountant |
|
Address : |
Office No 3 First Floor AMAN Chambers 113 Mama Parmanand Marg Opera
House, Mumbai – 400004, Maharashtra, India |
|
Tel. No.: |
91-22-23678586 |
|
Mobile No.: |
91-9820045185 |
|
Fax No.: |
91-22-23677376 |
|
PAN.: |
AAAPN6044M |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500
Million |
|
|
|
|
|
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 |
0.500 |
0.500 |
0.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(6.619) |
(6.013) |
(2.242) |
|
|
NETWORTH |
(6.119) |
(5.513) |
(1.742) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
47.951 |
|
|
2] Unsecured Loans |
6.500 |
33.500 |
0.000 |
|
|
TOTAL BORROWING |
6.500 |
33.500 |
47.951 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.023 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
0.381 |
28.010 |
46.209 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.922 |
2.341 |
2.695 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
0.350
|
25.442 |
3.621 |
|
|
Cash & Bank Balances |
2.159
|
0.000 |
11.412 |
|
|
Other Current Assets |
0.070
|
11.718 |
28.371 |
|
|
Loans & Advances |
2.905
|
0.085 |
0.534 |
|
Total
Current Assets |
5.484
|
37.245 |
43.938 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
4.582
|
4.806 |
0.258 |
|
|
Other Current Liabilities |
2.526
|
6.286 |
0.334 |
|
|
Provisions |
0.000
|
0.609 |
0.000 |
|
Total
Current Liabilities |
7.108
|
11.701 |
0.592 |
|
|
Net Current Assets |
(1.624)
|
25.544 |
43.346 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.083 |
0.125 |
0.167 |
|
|
|
|
|
|
|
|
TOTAL |
0.381 |
28.010 |
46.208 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
43.434 |
289.929 |
10.156 |
|
|
|
Other Income |
0.624 |
4.660 |
0.008 |
|
|
|
Speculation Profit on Shares |
0.000 |
0.000 |
0.103 |
|
|
|
TOTAL (A) |
44.058 |
294.589 |
10.267 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Opening Stock |
9.397 |
16.001 |
0.000 |
|
|
|
Purchase |
30.811 |
259.748 |
28.831 |
|
|
|
Foreign Exchange Fluctuation |
0.000 |
1.184 |
0.125 |
|
|
|
Trading Expenses |
0.674 |
2.246 |
0.156 |
|
|
|
Shares Business Expenses |
0.000 |
0.000 |
0.070 |
|
|
|
Administrative Expense |
3.673 |
13.937 |
0.735 |
|
Less |
|
Closing Stock (As Certified by management) |
(0.008) |
(9.397) |
(18.288) |
|
|
|
TOTAL (B) |
44.547 |
283.719 |
11.629 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(0.489) |
10.87 |
(1.362) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.009 |
7.220 |
0.805 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(0.498) |
3.650 |
(2.167) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.474 |
0.565 |
0.075 |
|
|
|
|
|
|
|
|
|
Add |
Share Business
Profit / Loss |
0.342 |
(6.222) |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(0.630) |
(3.137) |
(2.242) |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
(0.024) |
0.633 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
(0.606) |
(3.770) |
(2.242) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(6.013) |
(2.242) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
(6.619) |
(6.013) |
(2.242) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
12.12 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total
Income |
(%) |
(1.38)
|
(1.28) |
(21.84) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(1.45)
|
(1.08) |
(22.07) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(8.50)
|
(7.92) |
(4.80) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.10)
|
(0.57) |
(1.28) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
(2.22)
|
(6.28) |
(48.54) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.77
|
3.18 |
74.21 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business• |
Yes |
|
7) Promoter’s background |
No |
|
8) No. of employees |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
No |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
No |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
NOTE:
The registered office of the company has been shifted from “Suraj House,
Vidyanagar Society, OPP. Usmanpura Garden, Ashram Road, Usmanpura Ahmadabad,
Gujarat - 400004, India TO Present address w.e.f.15.11.2008
FINANCIAL RESULTS:
This was the third year of operation of the company and the gross
receipt of Rs. 44.682 Million The company has earned profits in share business
however it suffered loss in its metal operations.
FIXED ASSETS
·
Furniture and Fixture
·
Computer
·
Motor Cycle
·
Office Equipment
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.51.50 |
|
|
1 |
Rs.81.99 |
|
Euro |
1 |
Rs.67.54 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
1 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
14 |
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.