|
Report Date : |
28.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
KWAN ENTERTAINMENT AND MARKETING SOLUTIONS PRIVATE LIMITED |
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Registered
Office : |
406 Morya House, Off New |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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|
Date of
Incorporation : |
24.11.2009 |
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|
Com. Reg. No.: |
11-197239 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
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|
CIN No.: [Company Identification
No.] |
U92490MH2009PTC197239 |
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|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMK19716E |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Consultancy and Arranging Management Event |
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|
No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 13000 |
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|
|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow But Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new company having satisfactory track. Trade relations
are reported as fair. Business is active. Payments are reported to be slow
but correct. The company can be considered normal for small 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.
INFORMATION PARTED BY
|
Name : |
Mr. Mohammed Hussain |
|
Designation : |
Senior Accounts and Finance Manager |
|
Contact No.: |
91-9167247712 |
|
Date : |
27.04.2012 |
LOCATIONS
|
Registered Office : |
406 Morya House, Off New |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9167247712 (Mr. Mohammed Hussain) |
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Fax No.: |
Not Available |
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E-Mail : |
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Corporate Office : |
Plot B-27, Commerce Centre, 2nd Floor, Near Morya House, Off New |
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Tel. No.: |
91-22-42413333 |
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E-Mail : |
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Branch Office : |
Located At ·
Hyderabad ·
New Delhi ·
Bangalore |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Anirban Das Blah |
|
Designation : |
Director |
|
Address : |
Shailabas Malki Shillong Meghalya, Shillong-793001, Meghalaya, India |
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Date of Birth/Age : |
11.07.1978 |
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Date of Appointment : |
24.11.2009 |
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DIN No.: |
01492761 |
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|
|
|
Name : |
Mr. Indranil Das Blah |
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Designation : |
Director |
|
Address : |
Shailabas Malki Shillong Meghalya, Shillong-793001, Meghalaya, India |
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Date of Birth/Age : |
11.07.1980 |
|
Date of Appointment : |
24.11.2009 |
|
DIN No.: |
02674610 |
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|
|
|
Name : |
Mrs. Madhu Mantena |
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Designation : |
Director |
|
Address : |
502, Beach Queen Co-Operative Housing Society Limited, J P Road, Andheri
(West), Mumbai-400061, Maharashtra, India |
|
Date of Birth/Age : |
08.07.1975 |
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Date of Appointment : |
19.03.2010 |
|
DIN No.: |
00907849 |
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|
|
Name : |
Mrs. Sheetal Vinod Talwar |
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Designation : |
Director |
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Address : |
1051 A, Lokhandwala Residency, Dr Emoses Road, Mumbai-400018,
Maharashtra, India |
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Date of Birth/Age : |
03.06.1970 |
|
Date of Appointment : |
19.03.2010 |
|
DIN No.: |
00092043 |
KEY EXECUTIVES
|
Name : |
Mr. Mohammed Hussain |
|
Designation : |
Senior Accounts and Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Indranil Das Blah |
800 |
|
Akhila Das Blah |
200 |
|
Kwan Securities Private Limited, India |
9000 |
|
Total |
10000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Bodies corporate |
90.00 |
|
Directors or relatives of Directors |
10.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Consultancy and Arranging Management Event |
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Services ; |
Celebrity and Event Management |
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Terms : |
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Selling : |
Credit |
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Purchasing : |
Credit |
GENERAL INFORMATION
|
Customers : |
Corporates |
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No. of Employees : |
70 (Approximately) |
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Bankers : |
Kotak Mahindra Bank, Mumbai, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Amit R Bajaj and Company Chartered Accountant |
|
Address : |
10A, Juliuswadi, 3rd Floor, 5 JP Nagar, Goregaon (East),
Mumbai 400063, |
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PAN No.: |
AASPB9489N |
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|
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Holding Company : |
Kwan Securities Private Limited CIN No.: U67100MH2010PTC198647 |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.100 |
0.100 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
3.259 |
0.000 |
|
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4] (Accumulated Losses) |
|
0.000 |
0.000 |
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NETWORTH |
|
3.359 |
0.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
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|
2] Unsecured Loans |
|
8.543 |
2.498 |
|
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TOTAL BORROWING |
|
8.543 |
2.498 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.057 |
|
|
|
|
|
|
|
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TOTAL |
|
11.902 |
2.655 |
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|
|
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|
|
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APPLICATION OF FUNDS |
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|
|
|
|
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|
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|
FIXED ASSETS [Net Block] |
|
1.187 |
0.723 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
1.632 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
41.019 |
4.805 |
|
|
Cash & Bank Balances |
|
1.441 |
0.551 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
16.070 |
2.000 |
|
Total
Current Assets |
|
58.530 |
7.356 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
28.701 |
4.157 |
|
|
Other Current Liabilities |
|
16.765 |
1.519 |
|
|
Provisions |
|
4.000 |
0.000 |
|
Total
Current Liabilities |
|
49.466 |
5.676 |
|
|
Net Current Assets |
|
9.064 |
1.680 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.019 |
0.252 |
|
|
|
|
|
|
|
|
TOTAL |
|
11.902 |
2.655 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
|
153.493 |
9.161 |
|
|
|
Other Income |
|
0.001 |
0.000 |
|
|
|
TOTAL |
|
153.494 |
9.161 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Direct Expenses |
|
87.192 |
7.813 |
|
|
|
Administrative Expenses |
|
59.989 |
1.442 |
|
|
|
Preliminary Expenses Written off |
|
0.007 |
0.007 |
|
|
|
TOTAL |
|
147.188 |
9.262 |
|
|
|
|
|
|
|
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|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
6.306 |
(0.101) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.512 |
0.067 |
|
|
|
|
|
|
|
|
|
|
PROFIT /
(LOSS) BEFORE TAX |
|
5.794 |
(0.168) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
2.310 |
0.058 |
|
|
|
|
|
|
|
|
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|
PROFIT / (LOSS)
AFTER TAX |
|
3.484 |
(0.226) |
|
|
|
|
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|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
(0.226) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
3.258 |
(0.226) |
|
|
|
|
|
|
|
|
|
|
Foreign Exchange
Earnings |
|
25.676 |
0.273 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
348.46 |
(64.34) |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
|
2.27 |
(2.47) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
(3.77) |
(1.83) |
|
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|
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|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
9.44 |
(2.08) |
|
|
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|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
1.72 |
(1.68) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
17.27 |
1.29 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.18 |
82.31 |
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. Constructions of the firm |
Yes |
|
4. Premises details |
No |
|
5. Type of Business |
Yes |
|
6. Line of Business |
Yes |
|
7. Promoter’s background |
Yes |
|
8. No. of Employees |
Yes |
|
9. Name of person contacted |
Yes |
|
10. Designation of contact person |
Yes |
|
11. Turnover of firm for last two years |
Yes |
|
12. Profitability for last two 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 |
Yes |
|
17. Major suppliers |
No |
|
18. Major customers |
No |
|
19. Payments terms |
Yes |
|
20. Export / Import details |
No |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
23. Banking Details |
Yes |
|
24. Banking facility details |
Yes |
|
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 |
SUNDRY CREDITORS
DETAILS
|
Particulars |
31.03.2011
Rs. In Millions |
31.03.2010
Rs. In Millions |
|
Sundry Creditors |
|
|
|
-
Due to small scale industrial undertaking |
0.000 |
0.000 |
|
-
Due to other than small scale industrial
undertaking |
28.701 |
4.157 |
|
Total |
28.701 |
4.157 |
NOTE
Registered office of the company has been shifted from 110
Arun Chamber, Tardeo, Mumbai 400034,
OPERATIONS
During the period, the Company has entered into various business
activities like event management for various events and the business of
celebrities and models.
FIXED ASSETS
·
Data Processing
Equipments
·
Office Equipments
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. 52.68 |
|
|
1 |
Rs. 85.12 |
|
Euro |
1 |
Rs. 69.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
42 |
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.