1. Summary Information
|
Country |
India |
||
|
Company Name |
IVORY CLOTHING
PRIVATE LIMITED |
Principal Name 1 |
Mr. Anil Jit Singh |
|
Status |
Moderate |
Principal Name 2 |
Ms. Ashwin Chander Chandiok |
|
Registration # |
55-134633 |
||
|
Street Address |
11, Mathura
Road, Delhi – 110014, India |
||
|
Established Date |
01.04.2005 |
SIC Code |
-- |
|
Telephone# |
91-120-4334415 |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
Not Available |
Product Name 1 |
Garments |
|
# of employees |
250
(Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.15,500,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives
of Directors – 100% |
Banking |
Indian Bank |
|
Public Limited Corp. |
No |
Business Period |
7 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B
(27) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
60,861,000 |
Current Liabilities |
38,447,000 |
|
Inventories |
43,822,000 |
Long-term Liabilities |
89,657,000
|
|
Fixed Assets |
42,085,000 |
Other Liabilities |
0 |
|
Deferred Assets |
934,000 |
Total Liabilities |
128,104,000 |
|
Invest& other Assets |
0 |
Retained Earnings |
4,098,000 |
|
|
|
Net Worth |
19,598,000 |
|
Total Assets |
147,702,000 |
Total Liab. & Equity |
147,702,000 |
|
Total Assets (Previous Year) |
120,063,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
187,604,000 |
Net Profit |
783,000 |
|
Sales(Previous yr) |
148,603,000 |
Net Profit(Prev.
yr) |
351,000 |
MIRA INFORM REPORT
|
Report Date : |
28.08.2012 |
|
|
|
|
Mob. No.: |
91-9810075508 (Mr. Brijesh) |
Note: Correct name of the company is IVORY CLOTHING
PRIVATE LIMITED
IDENTIFICATION DETAILS
|
Name : |
IVORY CLOTHING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
11, Mathura Road, Delhi – 110014 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
01.04.2005 |
|
|
|
|
Com. Reg. No.: |
55-134633 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.15.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18101DL2005PTC134633 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELI05600A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCI3487M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Garments |
|
|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 78000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record.
Profitability of the company appears to be low. However, trade relations are reported
to be fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealing with some caution. |
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, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. B.D. Mishra |
|
Designation : |
Accounts Head |
|
Contact No.: |
Not Divulged |
|
Date : |
23.08.2012 |
LOCATIONS
|
Registered Office : |
11, Mathura Road, Delhi – 110014, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9810075508 (Mr. Brijesh) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Factory: |
D-9, Sec 3, Noida, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4334415/16/17/18/19 |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Anil Jit Singh |
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Designation : |
Director |
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Address : |
11-B, Mathura Road, New Delhi- 110014, India |
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Date of Birth/Age : |
05.08.1968 |
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Date of Appointment : |
01.04.2005 |
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DIN No.: |
00296823 |
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Other Directorship:
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Name : |
Ms. Ashwin Chander Chandiok |
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Designation : |
Director |
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Address : |
F-3, Anand Niketan New Delhi – 110021, India |
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Date of Appointment : |
08.04.2008 |
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DIN No.: |
00015353 |
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Other Directorship:
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Name : |
Mr. Amarjeet Kaur |
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Designation : |
Director |
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Address : |
11, Mathura Road, Jangpura Extension, New Delhi – 110014, India |
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Date of Birth/Age : |
30.03.1940 |
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Date of Appointment : |
23.03.2011 |
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DIN No.: |
03518930 |
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Other Directorship:
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Name : |
Mr. Ashok Parmar |
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Designation : |
Director |
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Address : |
60-B, 3rd Floor, Arjun Nagar, Safdarjung Enclave, New Delhi
– 110029, India |
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Date of Birth/Age : |
05.09.1955 |
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Date of Appointment : |
28.04.2008 |
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DIN No.: |
02189463 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. B.D. Mishra |
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Designation : |
Accounts Head |
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Name : |
Mr. Brijesh |
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Designation : |
General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Anil Jit Singh |
|
1545000 |
|
Sabah Sheikh Singh |
|
5000 |
|
Total |
|
1550000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Garments |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers
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No. of Employees : |
250 (Approximately) |
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Bankers : |
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Facilities : |
CC and TL – Rs.50.000 Millions (Indian
Bank) (Rs. in Millions) |
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Banking
Relations : |
-- |
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Financial Institution: |
Reliance Capital
Limited, "H" BLOCK, 1ST FLOOR, Dhirubhai Ambani Knowledge City,
Koparkhairne, Navi Mumbai – 400710, Maharashtra, India |
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Auditors : |
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Name : |
Mehra and Sistani Chartered Accountants |
|
Address : |
Aptt. # 101, I-22, Jangpura Extension, New Delhi – 110014, India |
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PAN No: |
AAAFM0035H |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1750000 |
Equity Shares |
Rs.10/- each |
Rs.17.500 Millions |
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Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
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|
1550000 |
Equity Shares |
Rs.10/- each |
Rs.15.500 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
15.500 |
15.500 |
13.500 |
|
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
4.098 |
3.315 |
2.964 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
19.598 |
18.815 |
16.464 |
|
|
LOAN FUNDS |
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1] Secured Loans |
35.822 |
44.083 |
50.195 |
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2] Unsecured Loans |
53.835 |
27.308 |
19.230 |
|
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TOTAL BORROWING |
89.657 |
71.391 |
69.425 |
|
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
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TOTAL |
109.255 |
90.206 |
85.889 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
42.085 |
33.187 |
31.253 |
|
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.934 |
0.723 |
0.206 |
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|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
43.822
|
24.930 |
17.175 |
|
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Sundry Debtors |
25.350
|
23.994 |
32.084 |
|
|
Cash & Bank Balances |
5.840
|
20.919 |
22.972 |
|
|
Other Current Assets |
20.520
|
9.818 |
6.754 |
|
|
Loans & Advances |
9.151
|
6.492 |
5.869 |
|
Total
Current Assets |
104.683
|
86.153 |
84.854 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
30.509
|
24.396 |
26.413 |
|
|
Other Current Liabilities |
5.028
|
3.251 |
2.742 |
|
|
Provisions |
2.910
|
2.210 |
1.300 |
|
Total
Current Liabilities |
38.447
|
29.857 |
30.455 |
|
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Net Current Assets |
66.236
|
56.296 |
54.399 |
|
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.031 |
|
|
|
|
|
|
|
|
TOTAL |
109.255 |
90.206 |
85.889 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
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|
|
|
|
|
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Income |
187.604 |
148.603 |
118.538 |
|
|
|
Other Income |
24.253 |
17.822 |
15.242 |
|
|
|
TOTAL (A) |
211.857 |
166.425 |
133.780 |
|
|
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|
|
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Less |
EXPENSES |
|
|
|
|
|
|
|
|
199.363 |
158.559 |
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
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|
|
|
|
|
TOTAL (B) |
199.363 |
158.559 |
125.760 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
12.494 |
7.866 |
8.020 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.087 |
4.046 |
3.861 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5.407 |
3.820 |
4.159 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.135 |
3.075 |
2.849 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.272 |
0.745 |
1.310 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
0.489 |
0.394 |
0.342 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
0.783 |
0.351 |
0.968 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
3.315 |
2.964 |
1.996 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
4.098 |
3.315 |
2.964 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
1.448 |
0.501 |
2.081 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
1.432 |
0.523 |
0.953 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.82 |
0.00 |
0.00 |
|
|
Particulars |
|
|
31.03.2012 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
|
220.000 |
|
|
|
|
|
Expected Sales (2012-13): Rs.250.000 Millions
The above information has been parted by Mr. B.D. Mishra
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.37
|
0.21 |
0.72 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.68
|
0.50 |
1.11 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.87
|
0.62 |
1.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.04 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.54
|
5.38 |
6.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.72
|
2.89 |
2.79 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-------- |
|
22] |
Litigations that the firm
/ promoter involved in |
-------- |
|
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 |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
No |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U18101DL2005PTC134633 |
|
Name of the company |
IVORY CLOTHING PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
11, Mathura Road, Delhi – 110014, India Email: mehrasistani@hotmail.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable property |
|
Particular of charge holder |
Reliance Capital
Limited, "H" BLOCK, 1ST FLOOR, Dhirubhai Ambani Knowledge City,
Koparkhairne, Navi Mumbai – 400710, Maharashtra, India |
|
Nature of instrument creating charge |
Facility agreement dated 30.06.2011 |
|
Date of instrument Creating the charge |
20.07.2011 |
|
Amount secured by the charge |
Rs.35.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest
14.50% p.a Terms of
Repayment 120 EQUATED INSTALLMENTS OF RS.554004/- each Margin 2.25% Extent and
Operation of the charge To the extent of 100% of the facility financed |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Property based at Plot No. 264, Okhla Industrial Area, Ph-III, New
Delhi-110020 in the name of Amarjit Kaur. |
|
Whether
any of the property or interest therein under reference is not registered in
the name of the company |
Yes |
|
In whose name it is registered |
Mr. Amarjit Kaur |
FIXED ASSETS:
- Air
Conditioner
- Calculator
- CCTV
- Cycle
- Digital
Camera
- Electrical
Fitting and Installation
- LCD TV
- Fans
- Fax Machine
- Fire
Extinguishers
- Punching
Machine
- Generators
- Motor Cycle
- Oil Storage
Tank
- Plant and
Machinery
- Printer
- Refrigerator
- Scanner
- Scooter
- Stabilizer
- AMF Panel
- Steam Press
and Boiler Fitting
- Car – Porsche
(Caynee)
- Stain
Removing Machine
- Steam
Radiator
- Submersible
Pump
- Telephone
- Land
- Note Counter
- Transformer
- Invertors
- Water Cooler
- Water Filter
- Water
Softening Plant
- Water Pump
- Air Cooler
- Sewing
Machine
- Thread
Cutting Machine
- Computer A/C
- Needle
Detector Machine
- Building
Structure
- Car
- Juke Box
- Vaccum
Ironing Table
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 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.55.59 |
|
|
1 |
Rs.87.87 |
|
Euro |
1 |
Rs.69.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
27 |
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.