MIRA
INFORM REPORT
|
Report Date : |
26.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
YASH METALS PRIVATE LIMITED (w.e.f. 04.10.2007) |
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|
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Formerly Known
As : |
BAHETI METALS AND
ALLOYS PRIVATE LIMITED |
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Registered
Office : |
A, 2/3, L.R. Appartment, Opposite Police Commissioner Office,
Shahibaug, Ahmedabad – 380 004, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of Incorporation
: |
30.01.1985 |
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Com. Reg. No.: |
04-007610 |
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Capital
Investment / Paid-up Capital : |
Rs.5.000 millions |
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|
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CIN No.: [Company Identification
No.] |
U27109GJ1985PTC007610 |
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|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
AHMB00042A |
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PAN No.: [Permanent Account No.] |
AAACB4750B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Trader of Aluminium Scrap, Ferrous and Non Ferrous Castings. |
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No. of Employees
: |
45
(Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 80000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. The liquidity of the company appears to be under pressure. There
appears some dip in the sales and profits of the company during 2012. The
profitability is low. However, trade relations are reported as fair. Business is active.
Payments terms are slow but correct. The company can be considered for normal business dealings with
caution. |
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 DECLINED
Management Non Co-operative
(91-79-25627681)
LOCATIONS
|
Registered Office/ Factory/Warehouse : |
A, 2/3, L.R. Appartment, Opposite Police Commissioner Office,
Shahibaug, Ahmedabad – 380 004, |
|
Tel. No.: |
91-79-25627681 / 82 |
|
Fax No.: |
91-79-25627683 |
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E-Mail : |
DIRECTORS
As on 13.09.2012
|
Name : |
Mr. Balkrishan Shankarlal Shah |
|
Designation : |
Director |
|
Address : |
6, Jivraj Nagar Seciety, Opposite Police Commissioner Office,
Shahibaug, Ahmedabad - 380 004, |
|
Date of Birth/Age : |
10.07.1988 |
|
Date of Appointment : |
26.04.2010 |
|
DIN No.: |
03006486 |
|
|
|
|
Name : |
Mr. Jayeshkumar Gopallal Bangad |
|
Designation : |
Director |
|
Address : |
47, Mangal Dhwani, NH-8, Near Ramrajay Nagar, Odhav, Ahmedabad – 382
415, |
|
Date of Birth/Age : |
21.05.1978 |
|
Date of Appointment : |
03.04.2009 |
|
DIN No.: |
02603441 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 13.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Shankeral B. Shah |
|
294500 |
|
Bansilal G. Shah |
|
100 |
|
Rupalben B Shah |
|
32000 |
|
Savhaben S. Shah |
|
57595 |
|
Balkrishan S. Shah |
|
51305 |
|
Minor Yash Shankerlal Shah |
|
50500 |
|
Shankerlal B Shah HUF |
|
11500 |
|
Shankerlal B Shah HUF |
|
1500 |
|
Shankerlal B Shah (As a Proo. of M/S BR) |
|
1000 |
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Total |
|
500000 |
As on 13.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
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|
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Directors
or relatives of directors |
|
100.00 |
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Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Aluminium Scrap, Ferrous and Non Ferrous
Castings. |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
45
(Approximately) |
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Bankers : |
·
Axis
Bank Limited, Trishul, 3rd Floor, Opposite Samartheshwar Temple,
Law Garden, Ellis bridge, Ahmedabad – 380 006, Gujarat, India ·
State
Bank of India, GVMSAV Limited, Odhav Branch, Ahmedabad, Gujarat, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Wadhawan and Company Chartered Accountants |
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Address : |
703, “Sarap” Building, Opposite Navjivan Press, Navjivan, Ahmedabad –
380 014, |
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PAN No.: |
AAAFW9683R |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
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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 |
5.000 |
5.000 |
5.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
14.897 |
12.401 |
9.869 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
19.897 |
17.401 |
14.869 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
135.893 |
0.598 |
0.000 |
|
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
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TOTAL BORROWING |
135.893 |
0.598 |
0.000 |
|
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DEFERRED TAX LIABILITIES |
0.023 |
0.034 |
0.022 |
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|
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TOTAL |
155.813 |
18.033 |
14.891 |
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APPLICATION OF FUNDS |
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|
|
|
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FIXED ASSETS [Net Block] |
4.397 |
4.500 |
0.323 |
|
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
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|
INVESTMENT |
139.749 |
9.654 |
9.654 |
|
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.826
|
0.000
|
0.000
|
|
|
Sundry Debtors |
0.874
|
3.587
|
1.980
|
|
|
Cash & Bank Balances |
0.101
|
0.066
|
0.053
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
21.565
|
40.656
|
18.371
|
|
Total
Current Assets |
23.366
|
44.309
|
20.404
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
3.309
|
31.338
|
|
|
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Other Current Liabilities |
3.346
|
6.906
|
|
|
|
Provisions |
5.044
|
2.186
|
2.103
|
|
Total
Current Liabilities |
11.699
|
40.430
|
15.490
|
|
|
Net Current Assets |
11.667
|
3.879
|
4.914
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
155.813 |
18.033 |
14.891 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
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Income |
646.905 |
669.400 |
|
|
|
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Other Income |
8.542 |
1.331 |
|
|
|
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TOTAL (A) |
655.447 |
670.731 |
454.740 |
|
|
|
|
|
|
|
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Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase |
642.872 |
664.925 |
|
|
|
|
(Decrease) / increase in stock |
(0.826) |
0.000 |
|
|
|
|
Employee Benefits expenses |
0.861 |
0.589 |
|
|
|
|
Other Expenses |
8.592 |
1.407 |
|
|
|
|
TOTAL (B) |
651.499 |
666.921 |
450.903 (Including
Financial Expenses) |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3.948 |
3.810 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.443 |
0.071 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.505 |
3.739 |
3.837 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.103 |
0.046 |
0.032 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3.402 |
3.693 |
3.805 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.906 |
1.161 |
1.057 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2.496 |
2.532 |
2.748 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
11.713 |
9.181 |
6.433 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
14.209 |
11.713 |
9.181 |
|
|
|
|
|
|
|
|
|
|
TOTAL IMPORTS |
554.605 |
572.833 |
375.034 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.99 |
5.06 |
5.50 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.38
|
0.38
|
0.60
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.53
|
0.55
|
NA
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.25
|
7.57
|
18.36
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.21
|
0.26
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
7.42
|
2.36
|
1.04
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.00
|
1.10
|
1.32
|
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
(Rs. In Millions)
|
Particular |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors |
|
|
|
|
Baheti Metal and Ferro Alloys Limited |
3.008 |
31.338 |
|
|
Palak Ferro Alloys |
0.200 |
0.000 |
|
|
Amim Enterprise |
0.101 |
0.000 |
|
|
Total |
3.309 |
31.338 |
Not Available |
|
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 |
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 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 |
NOTE
The Registered Office of the company has been shifted from 311 Gujarat Vepari Mahamandal Audhyogic Vasahat Limited, Odhav Raod, Ahmedabad, Gujarat, India to the present address w.e.f. 04.08.2008
REVIEW OF OPERATIONS
As will be noticed from figures of turnover which have decreased to Rs.646.900 Millions as compared to Rs.670.700 Millions for the previous year.
FORM 8
|
Corporate identity number of the company |
U27109GJ1985PTC007610 |
|
Name of the company |
YASH METALS PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in |
A, 2/3, L.R. Appartment, Opposite Police Commissioner Office,
Shahibaug, Ahmedabad – 380 004, |
|
This form is for |
Creation of charge |
|
Type of charge |
·
Immovable property ·
Others o
Mortgage over immovable properties of the |
|
Particular of charge holder |
Axis Bank Limited Trishul, 3rd Floor, E-Mail : cmchead.ahmedabad@axisbank.com |
|
Nature of instrument creating charge |
Memorandum of entry by way of equitable mortgage by deposit of title
deeds (CCD 10A-1) executed on dated 18.05.2011 |
|
Date of instrument Creating the charge |
18.05.2011 |
|
Amount secured by the charge |
Rs.20.000 millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest Interest shall be charges @ base rate plus 2.75% p.a. (BR=9.50%),
Presently 12.25% p.a. with monthly rests. Terms of Repayment Repayable on demand Margin Nil Extent and Operation of the charge The credit facilities sanctioned of Rs.20.000 millions secured
memorandum of entry by way of equitable mortgage by deposit of title deeds
over immovable properties of the company with an intent to create exclusive
first charge in favour of the Bank as continue security for due repayment
including all monies together with interest, costs, charges and expenses
payable by borrower to the Bank. Others The details of credit facilities secured as under Overdraft limit (Under Business MPower OD scheme) : Rs.20.000 millions Import/Inland LC (as a sub limit of OD limit) : (Rs.20.000 millions) Buyer's credit limit ( as a sub limit of OD limit) : (Rs.20.000 millions) LER (as a sub limit of OD limit) :
(Rs.1.000 million) making total overall aggregate credit facility of Rs.20.000 millions |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
·
Industrial property bearing sub plot
no.311,adms.about 1111 sq. yards and construction thereon in Gujartat Vepari
Maha Mandal Sahkari Udhyog Vasahat Limited a society registered under the
provision of the Gujarat co-operative society Act,1961 under serial no.U-11
dated 17.10.1961 situated on land of Survey no.67,70,75 and 123 at mouje
Odhav,Taluka city in the registration district of Ahmedabad ·
Industrial property bearing sub plot no. 311A,
adms. about 613 sq. yards and construction thereon in Gujartat Vepari Maha
Mandal Sahkari Udhyog Vasahat Limited a society registered under the
provision of the -Gujarat co-operative society Act,1961 under serial no.U-11
dated 17.10.1961 situated on land of Survey no.67, 70, 75 and 123 at mouje
Odhav, Taluka city in the registration district of Ahmedabad ·
Industrial property bearing sub plot
no.315A,adms.about 558 sq. yards and construction thereon in Gujartat Vepari
Maha Mandal Sahkari Udhyog Vasahat Limited a society registered under the
provision of the ujarat co-operative society Act,1961 under serial no.U-11
dated 17.10.1961 situated on land of Survey no.67,70,75 and 123 at mouje
Odhav,Taluka city in the registration district of Ahmedabad |
FIXED ASSETS
·
Land
·
·
·
Plant and Machinery
·
Electric Installation
·
Electric Generator Set
·
Air Conditioner
·
Scooter
·
Motor Car I-20
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.55.09 |
|
|
1 |
Rs.89.10 |
|
Euro |
1 |
Rs.72.62 |
INFORMATION DETAILS
|
Information Gathered
by : |
PJA |
|
|
|
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
|
32 |
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.