|
Report Date : |
11.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
KALYX INFOTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
423, Kaliandas Udyog Bhavan, Near Century Bazar, Prabhadevi, Mumbai – 400025, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
10.03.2005 |
|
|
|
|
Com. Reg. No.: |
11-151881 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30009MH2005PTC151881 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK14156C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealer of Computer Peripherals. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 92000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a Kalyan group of company. It is an established company having
satisfactory track. Trade relations are reported as to be fair. Business is
active. Payments are reported to be usually correct and as per commitments. The company can be considered 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.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
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 : |
Ms. Vidhya |
|
Designation : |
Account Department |
|
Contact No.: |
91-22-24301769 |
|
Date : |
10.12.2012 |
LOCATIONS
|
Registered Office : |
423, Kaliandas Udyog Bhavan, Near Century Bazar, Prabhadevi, Mumbai – 400025, Maharashtra, India |
|
Tel. No.: |
91-22-24301769/ 24227895 |
|
Fax No.: |
91-22-24227895 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
As on: 24.09.2012
|
Name : |
Mr. Vasant Vasudev Vartak |
|
Designation : |
Director |
|
Address : |
703, Rahul Apartments II, Baburao Parulekar Marg, Dadar (West), Mumbai
– 400028, |
|
Date of Birth/Age : |
24.08.1966 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
10.03.2005 |
|
DIN No.: |
00002254 |
|
|
|
|
Name : |
Mrs. Pallavi Vasant Vartak |
|
Designation : |
Director |
|
Address : |
703, Rahul Apartments II, Baburao Parulekar Marg, Dadar (West), Mumbai
– 400028, |
|
Date of Birth/Age : |
30.06.1970 |
|
Date of Appointment : |
10.03.2005 |
|
DIN No.: |
00298491 |
KEY EXECUTIVES
|
Name : |
Ms. Vidhya |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 24.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Vasant V Vartak |
|
125000 |
|
Pallavi V Vartak |
|
125000 |
|
|
|
|
|
Total |
|
250000 |
Equity Share Break up (Percentage of Total Equity)
As on: 24.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer of Computer Peripherals. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Corporate |
||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||
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No. of Employees : |
20 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
Bank of India, Dadar West Branch, 61, Gokhale Road (North), Dadar (West), Mumbai - 400028, Maharashtra, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S D Khanolkar and Company Chartered Accountants |
|
Address : |
210, Jolly Bhavan 2, 51, New Marine Lines, Churchgate, Mumbai –
400002, |
|
Pan No: |
AAGPK3195A |
|
Tel No : |
91-22-22642569 / 22641399 |
|
E-Mail : |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
|
|
|
|
|
b. Terms and rights
attached to equity shares
The Company has only one class of equity shares having a face value of
Rs.10/- per share. Each holder of the equity shares is entitled to one vote per share
c. Details of
shareholders holding more than 5% shares in the company
|
Number of Equity
shares held |
31.03.2012 |
|
A. Name of
Shareholders |
|
|
Vasant Vartak |
125000 |
|
Pallavi Vartak |
125000 |
|
Total Number of
Equity Shares |
250000 |
|
B. % holding of Equity Shares |
31.03.2012 |
|
Name of
Shareholders |
|
|
Vasant Vartak |
50% |
|
Pallavi Vartak |
50% |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.500 |
2.500 |
2.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
20.634 |
12.819 |
9.206 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
23.134 |
15.319 |
11.706 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
4.734 |
8.856 |
0.000 |
|
|
2] Unsecured Loans |
7.293 |
3.344 |
5.318 |
|
|
TOTAL BORROWING |
12.027 |
12.200 |
5.318 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.005 |
|
|
|
|
|
|
|
|
TOTAL |
35.161 |
27.519 |
17.029 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.714 |
0.944 |
1.252 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.031 |
0.031 |
0.000 |
|
|
OTHER NON CURRENT ASSETS |
0.000 |
0.008 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
2.613 |
1.886 |
3.743 |
|
|
Sundry Debtors |
28.548
|
34.311 |
24.209 |
|
|
Cash & Bank Balances |
3.369
|
3.232 |
1.899 |
|
|
Other Current Assets |
3.530
|
0.006 |
0.000 |
|
|
Loans & Advances |
5.672
|
1.352 |
6.567 |
|
Total
Current Assets |
43.732
|
40.787 |
36.418 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
8.874
|
13.456 |
9.744 |
|
|
Other Current Liabilities |
0.194
|
0.795 |
5.596 |
|
|
Provisions |
0.248
|
0.000 |
5.323 |
|
Total
Current Liabilities |
9.316
|
14.251 |
20.663 |
|
|
Net Current Assets |
34.416
|
26.536 |
15.755 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.022 |
|
|
|
|
|
|
|
|
TOTAL |
35.161 |
27.519 |
17.029 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
256.933 |
138.342 |
183.804 |
|
|
|
Other Income |
9.058 |
0.033 |
0.135 |
|
|
|
TOTAL (A) |
265.991 |
138.375 |
183.939 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
239.065 |
124.043 |
168.540 |
|
|
|
Employee Benefits Expenses |
2.906 |
2.953 |
8.138 |
|
|
|
Others Expenses |
8.030 |
4.815 |
0.000 |
|
|
|
TOTAL (B) |
250.001 |
131.811 |
176.678 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
15.990 |
6.564 |
7.261 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.934 |
0.979 |
0.763 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
12.056 |
5.585 |
6.498 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.230 |
0.308 |
0.219 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
11.826 |
5.277 |
6.279 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.011 |
1.664 |
1.944 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
7.815 |
3.613 |
4.335 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
6.019 |
2.406 |
2.030 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
NA |
0.450 |
|
|
|
Interim Dividend |
NA |
NA |
3.000 |
|
|
|
Tax on Interim Dividend |
NA |
NA |
0.509 |
|
|
BALANCE CARRIED
TO THE B/S |
13.834 |
6.019 |
2.406 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
781.53 |
361.34 |
17.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.94 |
2.61 |
2.36 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.60 |
3.81 |
3.42 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
26.61 |
12.65 |
16.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.51 |
0.34 |
0.54 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.92 |
1.73 |
2.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.69 |
2.86 |
1.76 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors |
8.874
|
13.456 |
9.744 |
|
|
|
|
|
|
Total |
8.874
|
13.456 |
9.744 |
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
OPERATIONS:
The Company has earned profit of Rs. 11.826 Millions before tax as compared to Rs. 5.277 Millions for the previous year. The profit after providing for tax was Rs. 7.815 Millions (Previous year Rs.3.613 Millions). The turnover of the company was Rs. 265.991 Millions as compared to the turnover of the previous year, which was Rs. 138.375 Millions.
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U30009MH2005PTC151881 |
|
Name of the
company |
KALYX INFOTECH
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
423, Kaliandas Udyog Bhavan, Near Century Bazar, Prabhadevi, Mumbai – 400025, Maharashtra, India E-mail: vasantvartak@kalyaniinformix.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Others (Balance
in Various Types of Banking Accounts) |
|
Particular of
charge holder |
Bank of India, Dadar West Branch, 61, Gokhale Road (North), Dadar (West), Mumbai - 400028, Maharashtra, India |
|
Nature of
instrument creating charge |
General
counter-guarantee and indemnity covering several guarantees within sanctioned
limit. |
|
Date of
instrument Creating the charge |
08.08.2011 |
|
Amount secured by
the charge |
Rs.7.500 Millions
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Commission on Guarantee
issued by Bank of India, as per bank's extant guidelines. Terms of
Repayment Repayable on
demand. Margin 25% for bank
guarantees issued for the company as principal debtor. Extent and
Operation of the charge Bank entitled to
utilise the Property in the form of bank balances in accounts of whatsoever
nature, to secure the amounts which the Bank may be called upon to pay to
honour various guarantees in the event of failure of the company to fulfill
its obligations plus the costs, charges, legal and other expenses in
connection with the guarantees issued or this counter guarantee. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Balance available
in various accounts whether current and saving account, Fixed or short
deposit or any loan or cash credit or overdraft or any other document
whatsoever of the company or it's heirs administrators, executors, legal
representatives or their estate or other effects to the extent of any payment
that the bank may be called upon to make under or in respect of the
guarantee. |
FIXED ASSETS:
Tangible Assets
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.54.34 |
|
|
1 |
Rs.87.09 |
|
Euro |
1 |
Rs.70.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
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 |
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 |
|
45 |
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.