|
Report Date : |
18.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
PARAS POLYCOAT LIMITED |
|
|
|
|
Registered
Office : |
WZ-2A, Hind Nagar, Tilak Nagar, New Delhi – 110018 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on)
: |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
20.10.1995 |
|
|
|
|
Com. Reg. No.: |
55-073400 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.15.065 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1995PLC073400 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELP10180C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD0936H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Plastic Material. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 220000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal 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.
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 : |
WZ-2A, Hind Nagar, Tilak Nagar, New Delhi – 110018, India |
|
Tel. No.: |
91-11-32621455 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 28.09.2011
|
Name : |
Mr. Davinder Singh Pal |
|
Designation : |
Director |
|
Address : |
WZ-2A, Hind Nagar,
Tilak Nagar, New Delhi-110059, India |
|
Date of Birth/Age : |
19.12.1964 |
|
Date of Appointment : |
20.10.1995 |
|
DIN No.: |
00248775 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U74899DL1995PLC073400 |
Paras
Polycoat Limited |
Director |
20-10-95 |
20-10-95 |
- |
Active |
NO |
|
2 |
U25209DL2003PTC123110 |
J K
P Master Batch Private Limited |
Director |
18-11-03 |
18-11-03 |
- |
Active |
NO |
|
Name : |
Mr. Inderjeet Singh |
|
Designation : |
Director |
|
Address : |
WZ-2A, Hind Nagar,
Tilak Nagar, New Delhi-110059, India |
|
Date of Birth/Age : |
01.04.1962 |
|
Date of Appointment : |
20.10.1995 |
|
DIN No.: |
00251270 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U74899DL1995PLC073400 |
Paras
Polycoat Limited |
Director |
20-10-95 |
20-10-95 |
- |
Active |
NO |
|
2 |
U25209DL2003PTC123110 |
J K
P Master Batch Private Limited |
Director |
18-11-03 |
18-11-03 |
- |
Active |
NO |
|
Name : |
Mr. Ravinder Kaur Chatrath |
|
Designation : |
Director |
|
Address : |
WZ-2A, Hind Nagar,
Tilak Nagar, New Delhi-110059, India |
|
Date of Birth/Age : |
17.12.1968 |
|
Date of Appointment : |
16.03.2011 |
|
DIN No.: |
01060875 |
|
Name : |
Mr. Manjeet Singh |
|
Designation : |
Director |
|
Address : |
WZ-2A, Hind Nagar,
Tilak Nagar, New Delhi-110059, India |
|
Date of Birth/Age : |
07.06.1969 |
|
Date of Appointment : |
01.07.2008 |
|
DIN No.: |
02235154 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U25209DL2003PTC123110 |
J K P
Master Batch Private Limited |
Director |
01-07-08 |
01-07-08 |
- |
Active |
NO |
|
2 |
U74899DL1995PLC073400 |
Paras
Polycoat Limited |
Director |
01-07-08 |
01-07-08 |
- |
Active |
NO |
|
Name : |
Mr. Amarjeet Kaur |
|
Designation : |
Director |
|
Address : |
WZ-2A, Hind Nagar,
Tilak Nagar, New Delhi-110059, India |
|
Date of Birth/Age : |
05.08.1971 |
|
Date of Appointment : |
16.03.2011 |
|
DIN No.: |
03494037 |
|
Name : |
Mr. Tajinder Kaur |
|
Designation : |
Director |
|
Address : |
WZ-2A, Hind Nagar, Tilak Nagar, New Delhi-110059,
India |
|
Date of Birth/Age : |
12.05.1968 |
|
Date of Appointment : |
16.03.2011 |
|
DIN No.: |
03494038 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Davinder Pal Singh |
|
143800 |
|
Inderjeet Singh |
|
67800 |
|
Ravinder Kaur |
|
187700 |
|
Amarjeet Kaur |
|
182800 |
|
Tajinder Kaur |
|
384800 |
|
Khajan Singh |
|
113800 |
|
Parvinder Kaur |
|
1500 |
|
Jaswant Kaur |
|
81300 |
|
Charanjeet Singh |
|
2500 |
|
Harpreet Kaur |
|
5000 |
|
I.S.Bindra |
|
2500 |
|
Paramjeet Singh |
|
2500 |
|
Davinderpal Singh and Sons (HUF) |
|
120000 |
|
Inderjeet Singh and Sons (HUF) |
|
99000 |
|
Manjeet Singh and Sons (HUF) |
|
111500 |
|
|
|
1506500 |
As on 28.09.2011
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 : |
Manufacturer of Plastic Material. |
GENERAL INFORMATION
|
Suppliers : |
·
Apar Industries Limited, Silvassa ·
Boby Packers , New Delhi ·
Durga Packers, New Delhi ·
High Grade Industries India Private Limited ·
Jamuna Minerals New, Haldwani ·
A.S. Engineering, New Delhi ·
Aar Esss Enterprises, New Delhi ·
C.R. Electrical, New Delhi ·
Chawla Ispat Private Limited, Rudrapur ·
Container Corporation Of India ·
D.K.Shiping Agency, Kolkata ·
Extru-Tech Engineering, New Delhi ·
Goel Enterprises, Delhi ·
P Plast, New Delhi ·
Pal Stone Industries Limited, Lalkuan ·
Preet Engineering Works,Rudrapur ·
S.K. Electricals, Rudrapur ·
Wounder System and Automation, Faridabad |
|||||||||||||||
|
|
|
|||||||||||||||
|
Customers : |
·
A.N.Polycoat Private Limited Delhi ·
A.P. Polyplast Private Limited, Delhi ·
Aero Plast
Limited, Bahadurgarh ·
Ajit Polymers, New Delhi ·
Ambika Footwear Private limited , Delhi ·
Anshul Industries , Baddi ·
A-One Plastic Industries, Nagpur ·
Aparna Industries, Pantnagar ·
Asian Thai Foods and Investment Private Limited, ·
B.K. Polymers, New Delhi ·
Best Poly Fabrics Limited . Ludhiana ·
Bhagwati Polyweave Private Limited, Surat ·
Bhargava Polypacks, Punjab ·
Bitto Plastic Private limited, Delhi ·
Chawla Polymers, Jalandhar ·
Colour World , Delhi ·
Dee Ees Industries, Delhi ·
Dimple Plastics Industries, New Delhi |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
State Bank of India, Uttam Nagar, New Delhi - 110059, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
I P Pasricha and Company Chartered Accountants |
|
Address : |
A-31A, First Floor, Ring Road, Rajouri Garden, New Delhi –
110027, India |
|
Tel. No.: |
91-11-25418722 / 25111233 |
|
E-Mail : |
|
|
PAN.: |
AAAPP3224F |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1506500 |
Equity Shares |
Rs.10/- each |
Rs.15.065
Millions |
|
|
|
|
|
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 |
15.065 |
15.065 |
15.065 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
40.215 |
29.779 |
16.794 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
55.280 |
44.844 |
31.859 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
15.209 |
15.054 |
17.613 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.061 |
|
|
TOTAL BORROWING |
15.209 |
15.054 |
17.674 |
|
|
DEFERRED TAX LIABILITIES |
0.028 |
0.122 |
0.111 |
|
|
|
|
|
|
|
|
TOTAL |
70.517 |
60.020 |
49.644 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
34.754 |
36.416 |
33.511 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
17.299
|
13.863 |
9.483 |
|
|
Sundry Debtors |
11.870
|
7.455 |
8.090 |
|
|
Cash & Bank Balances |
0.958
|
0.304 |
0.130 |
|
|
Other Current Assets |
0.042
|
0.917 |
1.145 |
|
|
Loans & Advances |
11.487
|
3.851 |
2.481 |
|
Total
Current Assets |
41.656
|
26.390 |
21.329 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
4.174
|
2.274 |
4.750 |
|
|
Other Current Liabilities |
1.719
|
0.512 |
0.439 |
|
|
Provisions |
0.000
|
0.000 |
0.007 |
|
Total
Current Liabilities |
5.893
|
2.786 |
5.196 |
|
|
Net Current Assets |
35.763
|
23.604 |
16.133 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
70.517 |
60.020 |
49.644 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
18.215 |
17.473 |
14.925 |
|
|
|
Other Income |
2.567 |
0.507 |
0.767 |
|
|
|
TOTAL (A) |
20.782 |
17.980 |
15.692 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Salaries to Staff |
0.630 |
0.238 |
0.000 |
|
|
|
Director Remuneration |
0.900 |
0.000 |
0.000 |
|
|
|
Auditor's Remuneration |
0.061 |
0.038 |
0.022 |
|
|
|
Insurance |
0.062 |
0.057 |
0.051 |
|
|
|
Power & Fuel |
0.000 |
0.000 |
2.360 |
|
|
|
Other Expenditure |
1.792 |
1.099 |
0.670 |
|
|
|
TOTAL (B) |
3.445 |
1.432 |
3.103 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
17.337 |
16.548 |
12.589 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.065 |
2.323 |
2.359 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
15.272 |
14.225 |
10.230 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.018 |
1.229 |
0.806 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
13.254 |
12.996 |
9.424 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
0.528 |
0.011 |
0.088 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
12.726 |
12.985 |
9.336 |
|
|
|
|
|
|
|
|
|
|
TOTAL EARNINGS |
0.060 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.45 |
8.62 |
6.20 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
61.24
|
72.22 |
59.50 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
72.76
|
74.38 |
63.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.35
|
20.69 |
17.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.29 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.38
|
0.40 |
0.72 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.07
|
9.47 |
4.10 |
LOCAL AGENCY FURTHER INFORMATION
Form 8:
|
Corporate identity number of the company |
U74899DL1995PLC073400 |
|
Name of the company |
PARAS POLYCOAT LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
WZ-2A, Hind Nagar, Tilak Nagar, New Delhi – 110018, India E-mail : jkmasterbatch@yahoo.com
|
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10038963 |
|
Type of charge |
Immovable property Book debts Others (Stock (Raw, Semi-Finished, Finished, Consumable, Spares)) |
|
Particular of charge holder |
State Bank of India, Uttam Nagar, New Delhi - 110059, India E-mail : sbi.01679@sbi.co.in |
|
Nature of instrument creating charge |
1. Letter of arrangement SME-1 2. Agreement of loan cum hypothecation SME-4 3. Guarantee agreement SME-3 4.Letter of confirmation for creation of mortgage by deposit of title
deeds SME-8 5. General agreement of indemnity |
|
Date of instrument Creating the charge |
02.06.2011 |
|
Amount secured by the charge |
Rs.34.500 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest CC - 4.5% above Base Rate TL - 5.25% above Base Rate Terms of Repayment Cash credit limit (working capital) will be repaid on demand Term loan will be repaid in 60 monthly installments of Rs. 0.200
Million + interest each with First installment on 1.10.2007 and last
installment on 01.09.2012 Margin Cash credit (working capital) on stock @ 25%, receivables @ 30% Term loan (land and building) @ 50 % and (plant and machinery) @ 25% Extent and Operation of the charge Full Others Limit for letter of credit sanctioned to the extent of Rs.10.000
Millions |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Plot No. 7, Sector-2, I.E., Pant Nagar, Udham Singh Nagar Plot No. 30a, Keshopur Indl Area, New Delhi H. No. 366 Kh No. 107/01, Hastsal, Uttam Nagar, New Delhi H. No. 369 Kh No. 107/01, Hastsal, Uttam Nagar, Nd (Area 152 Sq.
Yards), New Delhi H. No. 369 Kh No. 107/01, Hastsal, Uttam Nagar, Nd (Area 86 Sq.
Yards), New Delhi H.No.361 Kh No 107/1, Hastal Village Uttam Ngr, New Delhi Plot No. 33a,Keshopur Industrial Area, New Delhi Plot No. 34a,Keshopur Industrial Area, New Delhi |
|
Particulars of the present modification |
Enhancement of non-fund based limit to Rs.10.000 Millions |
Fixed Assets:
·
Furniture and Fixtures
·
Refrigerator
·
Machinery
·
Transformer
·
Tube well
·
Air Conditioner
·
Weighing Scale
·
Air Compressor
·
Mobile
·
Chiseling Machine
·
Inverter
·
Vehicle (Scorpio
·
Computer
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.49.21 |
|
|
1 |
Rs.77.75 |
|
Euro |
1 |
Rs.64.58 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
47 |
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.