Business
information report
1. Summary Information
|
|
|
Country |
India |
|
Company Name |
CENTAUR
TECHPLAST PRIVATE LIMTIED |
Principal Name 1 |
Mr. Bhaskar Rao Maddipati |
|
Status |
Satisfactory |
Principal Name 2 |
Ms. Suseela Maddipati |
|
|
|
Registration # |
01-024998 |
|
Street Address |
8-3-217/15, Opposite Huda Complex, Ameerpet, Hyderabad-500038, Andhra
Pradesh |
||
|
Established Date |
23.08.1996 |
SIC Code |
-- |
|
Telephone# |
91-40-23735775 |
Business Style 1 |
Dealer |
|
Fax # |
91-40-23736149 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Plastic Raw Material |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
7,500,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of Directors-100% |
Banking |
HDFC Bank |
|
Public Limited Corp. |
No |
Business Period |
16 years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (44) |
|
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 |
63,283,000 |
Current Liabilities |
37,637,000 |
|
Inventories |
22,740,000 |
Long-term Liabilities |
38,212,000 |
|
Fixed Assets |
17,083,000 |
Other Liabilities |
4,809,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
80,658,000 |
|
Invest& other Assets |
53,000 |
Retained Earnings |
15,001,000 |
|
|
|
Net Worth |
22,501,000 |
|
Total Assets |
103,159,000 |
Total Liab. & Equity |
103,159,000 |
|
Total Assets (Previous Year) |
71,820,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
463,147,000 |
Net Profit |
6,377,000 |
|
Sales(Previous yr) (Total Income) |
212,002,000 |
Net Profit(Prev.yr) |
3,713,000 |
MIRA
INFORM REPORT
|
Report Date : |
13.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
CENTAUR TECHPLAST PRIVATE LIMITED (w.e.f. 11.05.2010) |
|
|
|
|
Formerly Known
As : |
CENTAUR MARKETING AND SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
8-3-217/15, Opposite Huda Complex, Ameerpet, Hyderabad-500038, Andhra
Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
23.08.1996 |
|
|
|
|
Com. Reg. No.: |
01-024998 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 7.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51495AP1996PTC024998 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AYDC00615G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealer of Plastic Raw Material |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 90000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an 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) |
|
India |
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 : |
8-3-217/15, Opposite Huda Complex, Ameerpet, Hyderabad-500038, Andhra
Pradesh, India |
|
Tel. No.: |
91-40-23735775 / 23743866 |
|
Fax No.: |
91-40-23736149 |
|
E-Mail : |
DIRECTORS
AS ON 03.09.2011
|
Name : |
Mr. Bhaskar Rao Maddipati |
|
Designation : |
Managing Director |
|
Address : |
Plot No.265 M, Road No.10, Jubilee Hills, Hyderabad-500033, Andhra
Pradesh, India |
|
Date of Birth/Age : |
11.09.1956 |
|
Date of Appointment : |
23.08.1996 |
|
DIN No.: |
01831148 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U05005AP1992PTC014254 |
FRONTIER
MARITECH PRIVATE LIMITED |
Director |
18-05-92 |
18-05-92 |
Active |
NO |
|
2 |
L01119AP1995PLC020286 |
JAYASILPA
FLORITECH LIMITED |
Director |
10-05-95 |
10-05-95 |
Active |
NO |
|
3 |
U51495AP1996PTC024998 |
CENTAUR
TECHPLAST PRIVATE LIMITED |
Managing
director |
23-08-96 |
23-08-96 |
Active |
NO |
|
4 |
U33112AP2008PTC057791 |
ESSILOR
20 20 OPTICS PRIVATE LIMITED |
Director |
23-02-08 |
23-02-08 |
Active |
NO |
|
5 |
U17200AP2010PLC071152 |
VINTEX
SPINNERS LIMITED |
Managing
director |
14-04-11 |
10-11-10 |
Active |
NO |
|
Name : |
Ms. Suseela Maddipati |
|
Designation : |
Director |
|
Address : |
Plot No.265 M, Road No.10, Jubilee Hills, Hyderabad-500033, Andhra
Pradesh, India |
|
Date of Birth/Age : |
10.04.1961 |
|
Date of Appointment : |
23.08.1996 |
|
DIN No.: |
02376834 |
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 |
U51495AP1996PTC024998 |
CENTAUR
TECHPLAST PRIVATE LIMITED |
Director |
23-08-96 |
23-08-96 |
- |
Active |
NO |
|
2 |
U74920AP2002PTC039442 |
TRICITIES
SECURITY AND ALLIED SERVICES PRIVATE LIMITED |
Director |
12-08-02 |
12-08-02 |
28-10-10 |
Active |
NO |
|
3 |
U17200AP2010PLC071152 |
VINTEX
SPINNERS LIMITED |
Director |
10-11-10 |
10-11-10 |
- |
Active |
NO |
|
Name : |
Mr. Ratan Kumar Maddipati |
|
Designation : |
Director |
|
Address : |
Plot No.265 M, Road No.10, Jubilee Hills, Hyderabad-500033, Andhra
Pradesh, India |
|
Date of Birth/Age : |
28.10.1982 |
|
Date of Appointment : |
01.09.2008 |
|
DIN No.: |
02286210 |
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 |
U51495AP1996PTC024998 |
CENTAUR
TECHPLAST PRIVATE LIMITED |
Director |
01-09-08 |
01-09-08 |
- |
Active |
NO |
|
2 |
U17200AP2010PLC071152 |
VINTEX
SPINNERS LIMITED |
Additional
director |
14-04-11 |
14-04-11 |
- |
Active |
NO |
|
3 |
U33112AP2008PTC057791 |
ESSILOR
20 20 OPTICS PRIVATE LIMITED |
Additional
director |
24-08-11 |
24-08-11 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 03.09.2011
|
Names of Shareholders |
No. of Shares |
|
Bhaskar Rao Maddipati |
222700 |
|
Suseela Maddipati |
225000 |
|
Ratan Kumar Maddipati |
60000 |
AS ON 31.03.2011
|
Names of Allotee |
No. of Shares |
|
Bhaskar Rao Maddipati |
222700 |
|
Suseela Maddipati |
225000 |
|
Ratan Kumar Maddipati |
60000 |
|
Ch. Leelavathy |
20000 |
|
Ch. Madhav Rao |
2000 |
|
Ch. Viswanatham |
90000 |
|
M. Satya Murthy |
5100 |
|
M. Surya Kantham |
5000 |
|
M. Vineeth Kumar |
30000 |
|
P. Rama Kumari |
90100 |
|
S. Veera Bhadra Rao |
100 |
|
Total |
750000 |
AS ON 03.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer of Plastic Raw Material |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
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|
||||||||||||||||||
|
Bankers : |
·
The Karur Vysya Bank Limited, Central Processing
Cell (Loans), 5-8-363 to 365, 1st Floor, Chirag Ali Lane, Abids,
Hyderabad-500001, Andhra Pradesh, India ·
HDFC Bank |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
GP Rao and Associates Chartered Accountant |
|
Address : |
6-3-662, Flat No.1, Jaffer Ali Bagh, Somajiguda, Rajbhavan Road,
Hyderabad -500082, Andhra Pradesh, India |
|
Pan No.: |
ADSPG4641G |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs. 7.500
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 |
7.500 |
7.500 |
3.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
4.500 |
|
|
3] Reserves & Surplus |
15.001 |
8.629 |
7.544 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
22.501 |
16.129 |
15.044 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
30.712 |
22.496 |
16.691 |
|
|
2] Unsecured Loans |
7.500 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
38.212 |
22.496 |
16.691 |
|
|
DEFERRED TAX LIABILITIES |
0.643 |
0.595 |
0.566 |
|
|
|
|
|
|
|
|
TOTAL |
61.356 |
39.220 |
32.301 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
17.083 |
16.880 |
16.894 |
|
|
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 |
22.740
|
9.264 |
7.294 |
|
|
Sundry Debtors |
55.875
|
40.484 |
35.786 |
|
|
Cash & Bank Balances |
1.089
|
0.069 |
0.344 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
6.319
|
5.052 |
3.256 |
|
Total
Current Assets |
86.023
|
54.869 |
46.680 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
35.407
|
26.205 |
28.206 |
|
|
Other Current Liabilities |
2.230
|
4.850 |
0.000 |
|
|
Provisions |
4.166
|
1.545 |
3.068 |
|
Total
Current Liabilities |
41.803
|
32.600 |
31.274 |
|
|
Net Current Assets |
44.220
|
22.269 |
15.406 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.053 |
0.071 |
0.001 |
|
|
|
|
|
|
|
|
TOTAL |
61.357 |
39.220 |
32.301 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
463.147 |
|
|
|
|
|
Other Income |
4.987 |
|
|
|
|
|
TOTAL |
468.134 |
212.002 |
157.476 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
459.089 |
206.715 |
153.010 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
459.089 |
206.715 |
153.010 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
9.045 |
5.287 |
4.466 |
|
|
|
|
|
|
|
|
|
|
TAX |
2.668 |
1.574 |
1.449 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
6.377 |
3.713 |
3.017 |
|
|
|
|
|
|
|
|
|
|
Profit
Available for Appropriation |
11.514 |
8.266 |
5.057 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.750 |
0.500 |
0.500 |
|
|
|
Dividend |
-- |
2.250 |
-- |
|
|
|
Tax on Dividend |
-- |
0.374 |
-- |
|
|
BALANCE CARRIED
TO THE B/S |
10.764 |
5.142 |
4.557 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.50 |
4.95 |
4.02 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.36
|
1.75 |
1.92 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.95
|
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.77
|
7.37 |
7.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.40
|
0.33 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.58
|
3.45 |
3.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.06
|
1.68 |
1.49 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS:
In spite of stiff
competition in the market the company achieved good results during the year
2010-11. The directors are predicting much better results for the present
current financial year. The company had achieved a turnover of Rs. 463.147
millions and profit before provision of Income Tax of Rs. 9.045 millions as
compared to the Rs. 212.002 millions and Rs. 5.287 millions respectively in the
previous year.
FUTURE OUTLOOK
Based on the past
performance and aggressive marketing facilities, the future outlook seems very
promising and sustainable. The company built excellent competencies in the
field of Plastic Granules and ready to face any market recession that may arise
in the future.
FORM 8
|
Corporate
identity number of the company |
U51495AP1996PTC024998 |
|
Name of the
company |
CENTAUR TECHPLAST
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
8-3-217/15, Opposite Huda Complex, Ameerpet, Hyderabad-500038, Andhra Pradesh, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) Others |
|
Particular of
charge holder |
The Karur Vysya Bank Limited, Central Processing Cell (Loans), 5-8-363
to 365, 1st Floor, Chirag Ali Lane, Abids, Hyderabad-500001,
Andhra Pradesh, India Email: hyderabadcpc@kvbmail.com |
|
Nature of
instrument creating charge |
Deed of
hypothecation of current assets dt.30.03.2011 Agreement for
hypothecation of goods received under letter of credit dt.30.03.2011 Forward contract agreement
dt.30.03.2011 |
|
Date of
instrument Creating the charge |
30.03.2011 |
|
Amount secured by
the charge |
Rs. 61.250
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Base Rate Plus 2.25%
p.a. (Floating). (Present Base Rate is 10.00%). Terms of repayment On Demand. Limits
valid up to 29.02.2012 (On renewal basis). Margin OCC - 25%
(Stocks/Book Debts) ILC/FLC - 20% CEL - NIL Extent and operation of the charge The charge
operates as security for the due repayment of credit facilities sanctioned to
the Company to the extent of Rs. 61.250 Millions by Karur Vysya Bank along
with interest, additional interest, liquidated damages, costs, expenses etc. |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation of
entire Current Assets of the Company. Hypothecation of
goods/stocks received against Letter of Credit. |
FIXED ASSETS
·
Land
·
Buildings
·
Vehicles
·
Furniture and Fixtures
·
Office Equipments
·
Computer
·
Gas Cylinders
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. 51.82 |
|
|
1 |
Rs. 79.42 |
|
Euro |
1 |
Rs. 65.90 |
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 |
4 |
|
--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 |
|
44 |
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.