MIRA
INFORM REPORT
|
Report Date : |
17.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
M M P EXIM PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
CENTURY PLANTATION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2 C, Narayani, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
19.09.1983 |
|
|
|
|
Com. Reg. No.: |
21 – 095268 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.429 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28991WB1983PTC095268 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Wholesalers of Textile, Clothing and Footwear. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 69000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an old and well established company having moderate track.
Profitability of the company appears to be low. However, trade relations are reported
as fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with slight
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 – 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 : |
2 C, Narayani, |
|
Tel. No.: |
91-33-24753500 |
|
Fax No.: |
91-33-24746759 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Ashish Todi |
|
Designation : |
Director |
|
Address : |
22, |
|
Date of Birth/Age : |
21.02.1970 |
|
Date of Appointment : |
01.08.2006 |
|
Election ID No.: |
WB23-146-222284 |
|
DIN No.: |
00029214 |
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 |
U18109WB1990PTC048978 |
MADHVA
TEXTILE PROCESSORS PRIVATE LIMITED |
Director |
11-05-90 |
11-05-90 |
- |
Active |
NO |
|
2 |
U17111WB1996PLC077733 |
ARINTEX
GLOBAL LIMITED |
Director |
01-03-96 |
01-03-96 |
01-12-08 |
Active |
NO |
|
3 |
U70101WB1995PTC075592 |
KALA
NIKETAN PROPERTIES PRIVATE LIMITED |
Director |
18-06-96 |
18-06-96 |
- |
Active |
NO |
|
4 |
U51109WB1996PTC079230 |
HIRAMOTI
TRACON PVT LTD |
Director |
26-09-96 |
26-09-96 |
01-01-09 |
Active |
NO |
|
5 |
U70101WB1996PTC081678 |
SPLENDID
TOWERS PRIVATE LIMITED |
Director |
09-10-96 |
09-10-96 |
01-01-09 |
Active |
NO |
|
6 |
U28991WB1983PTC095269 |
MMP
ENVIRO TECH PRIVATE LIMITED |
Director |
14-12-96 |
14-12-96 |
01-01-09 |
Active |
NO |
|
7 |
U29197WB2003PTC096050 |
MMP-FILTRATION
PRIVATE LIMITED |
Director |
11-04-03 |
11-04-03 |
01-04-09 |
Active |
NO |
|
8 |
U51909WB2003PTC096277 |
EROS
FASHION PRIVATE LIMITED |
Director |
27-05-03 |
27-05-03 |
- |
Active |
NO |
|
9 |
U67190WB2004PTC098435 |
MULTI
MEDIA INSURANCE MEDIATOR PRIVATE LIMITED |
Director |
28-04-04 |
28-04-04 |
01-01-09 |
Active |
NO |
|
10 |
U28991WB1983PTC095268 |
M M P
EXIM PRIVATE LIMITED |
Director |
01-08-06 |
01-08-06 |
- |
Active |
NO |
|
11 |
U14101WB2006PTC110908 |
DIMENSIONAL
CONCRETE PRIVATE LIMITED |
Director |
01-01-07 |
01-01-07 |
18-01-10 |
Active |
NO |
|
12 |
L74899DL1994PLC061447 |
FINANCIAL
EYES (INDIA) LIMITED |
Director |
29-09-07 |
30-07-07 |
03-01-12 |
Active |
NO |
|
Name : |
Mr. Nilesh Todi |
|
Designation : |
Director |
|
Address : |
22, |
|
Date of Birth/Age : |
24.11.1975 |
|
Date of Appointment : |
14.12.1996 |
|
Election ID No.: |
WB21-140-252117 |
|
DIN No.: |
00029228 |
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 |
U17122WB1969PTC027607 |
KUMAR
PARA TEXTILE MILLS PRIVATE LIMITED |
Director |
01-02-94 |
01-02-94 |
Active |
NO |
|
2 |
U28991WB1983PTC095268 |
M M
P EXIM PRIVATE LIMITED |
Director |
14-12-96 |
14-12-96 |
Active |
NO |
|
3 |
U51109WB1990PTC048346 |
CONTINENTAL
AGENCIES PRIVATE LIMITED |
Director |
04-07-00 |
04-07-00 |
Active |
NO |
|
4 |
U17111WB1996PLC077733 |
ARINTEX
GLOBAL LIMITED |
Director |
16-07-01 |
16-07-01 |
Active |
NO |
|
5 |
U28991WB1983PTC095269 |
MMP
ENVIRO TECH PRIVATE LIMITED |
Director |
28-09-01 |
28-09-01 |
Active |
NO |
|
6 |
U29197WB2003PTC096050 |
MMP-FILTRATION
PRIVATE LIMITED |
Whole-time
director |
01-07-09 |
11-04-03 |
Active |
NO |
|
7 |
U51909WB2003PTC096277 |
EROS
FASHION PRIVATE LIMITED |
Director |
27-05-03 |
27-05-03 |
Active |
NO |
|
Name : |
Mr. |
|
Designation : |
Director |
|
Address : |
22, |
|
Date of Birth/Age : |
09.02.1946 |
|
Date of Appointment : |
19.09.1983 |
|
Election ID No.: |
WB23-146-222282 |
|
DIN No.: |
02213954 |
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 |
L17115WB1974PLC029414 |
HARI
TEXTILE MILLS LIMITED |
Director |
01-04-81 |
01-04-81 |
- |
Active |
NO |
|
2 |
U28991WB1983PTC095268 |
M M
P EXIM PRIVATE LIMITED |
Director |
19-09-83 |
19-09-83 |
- |
Active |
NO |
|
3 |
U51109WB1990PTC048346 |
CONTINENTAL
AGENCIES PRIVATE LIMITED |
Director |
08-02-90 |
08-02-90 |
- |
Active |
NO |
|
4 |
U17122WB1969PTC027607 |
KUMAR
PARA TEXTILE MILLS PRIVATE LIMITED |
Director |
12-06-00 |
12-06-00 |
- |
Active |
NO |
|
5 |
U29197WB2003PTC096050 |
MMP-FILTRATION
PRIVATE LIMITED |
Director |
28-06-04 |
28-06-04 |
- |
Active |
NO |
|
6 |
U51909WB2003PTC096277 |
EROS
FASHION PRIVATE LIMITED |
Director |
29-06-04 |
29-06-04 |
- |
Active |
NO |
|
7 |
U17111WB1996PLC077733 |
ARINTEX
GLOBAL LIMITED |
Director |
21-05-07 |
21-05-07 |
- |
Active |
NO |
|
8 |
U51109WB1996PTC079230 |
HIRAMOTI
TRACON PRIVATE LIMITED |
Director |
01-01-09 |
01-01-09 |
- |
Active |
NO |
|
9 |
U28991WB1983PTC095269 |
MMP
ENVIRO TECH PRIVATE LIMITED |
Director |
01-01-09 |
01-01-09 |
- |
Active |
NO |
|
10 |
U70101WB1996PTC081678 |
SPLENDID
TOWERS PRIVATE LIMITED |
Director |
01-01-09 |
01-01-09 |
- |
Active |
NO |
|
11 |
U67190WB2004PTC098435 |
MULTI
MEDIA INSURANCE MEDIATOR PRIVATE LIMITED |
Director |
01-01-09 |
01-01-09 |
01-05-09 |
Active |
NO |
|
12 |
U45400WB2000PTC091087 |
INDO
AMERICAN DEVELOPERS PRIVATE LIMITED |
Director |
20-12-11 |
20-12-11 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Krishna Kumar Todi |
1030 |
|
Om Prakash Todi |
250 |
|
Laxmi Kant Todi |
250 |
|
Sanjay Kumar Todi |
510 |
|
Sarla Devi Todi |
250 |
|
Classic Marketing Agencies Private Limited, India |
5000 |
|
Uma Todi |
6000 |
|
Mahabir Prasad Sharma |
1000 |
|
Ramavtar Agarwal |
2000 |
|
Kishorilal Agarwal |
2000 |
|
Sunita Impex Private Limited, India
|
14000 |
|
KK Todi and LK Todi |
30000 |
|
LK Todi and SK Todi |
500 |
|
Kishore Kr. Bose |
500 |
|
Kalian Bose |
500 |
|
Krishna Todi |
10000 |
|
Arintex Global Limited, India |
20500 |
|
Total |
94290 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Bodies corporate |
41.89 |
|
Directors or relatives of Directors |
51.74 |
|
Other top fifty shareholders |
6.37 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Wholesalers of Textile, Clothing and Footwear. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sircar Gupta and
Company Chartered Accountants |
|
Address : |
1/5 Ashoke
Nagar, Kolkata-700040, West Bengal, India |
|
Tel. No.: |
91-33-24996848 |
|
Pan No.: |
ABVPC4313N |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.100/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
94290 |
Equity Shares |
Rs.100/-
each |
Rs. 9.429
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 |
9.429 |
9.429 |
9.429 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
7.982 |
6.682 |
5.908 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
17.411 |
16.111 |
15.337 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
17.411 |
16.111 |
15.337 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.027 |
1.972 |
2.075 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
11.551 |
10.802 |
10.802 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.081 |
0.000 |
|
|
Sundry Debtors |
89.669
|
3.168 |
0.012 |
|
|
Cash & Bank Balances |
3.347
|
3.798 |
2.325 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
47.753
|
113.521 |
39.688 |
|
Total
Current Assets |
140.769
|
120.568 |
42.025 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
136.011
|
116.490 |
39.199 |
|
|
Other Current Liabilities |
0.120
|
0.038 |
0.000 |
|
|
Provisions |
0.805
|
0.703 |
0.366 |
|
Total
Current Liabilities |
136.936
|
117.231 |
39.565 |
|
|
Net Current Assets |
3.833
|
3.337 |
2.460 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
17.411 |
16.111 |
15.337 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
TURNOVER |
NA |
790.367 |
372.000 |
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
0.141 |
0.103 |
0.108 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1.948 |
1.140 |
0.548 |
|
|
|
|
|
|
|
Less |
TAX |
0.647 |
0.366 |
0.175 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1.301 |
0.774 |
0.373 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
6.682 |
5.908 |
5.535 |
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
7.983 |
6.682 |
5.908 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
13.80 |
8.21 |
3.96 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
0.14 |
0.15 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.36
|
0.93 |
1.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.07 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
7.86
|
7.28 |
2.58 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.03
|
1.03 |
1.06 |
LOCAL AGENCY FURTHER INFORMATION
FINANCIAL RESULTS
The Company has
earned a profit of Rs.1.948 Millions (Previous year Rs.1.140 Millions) after
charging depreciation of Rs. 0.141 Million (Previous year Rs. 0.103 Million).
After provision of income tax and adjustment relating to previous year, the net
profit comes to Rs.1.301 Millions added to the previous year carry forward
profit of Rs.6.682 Millions the total profit of Rs.7.983 Millions has been
carried forward in the Balance Sheet. To strengthen the financial position of
the company, the Directors do not propose payment of dividend.
FORM 8
|
Corporate
identity number (CIN) Foreign company registration number |
U28991WB1983PTC095268 |
|
Name of the
Company |
M M P EXIM PRIVATE LIMITED |
|
Address |
2 C, Narayani, |
|
This form is for |
Creation of
Charge |
|
Type of Charge |
Immovable
Property |
|
Particulars of
the charge holder |
Vijaya Bank |
|
Nature or
description of the instrument(s) creating or modifying the charge |
Memorandum of
Entry for deposit of title deeds. |
|
Date of the
instrument creating or modifying the charge |
08.08.2007 |
|
Amount secured by
the charge |
Rs.61.000
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of
Interests: The company is
providing collateral security to MMP-Filtration Private Limited, for its loan
of Rs.61.000 Millions Cash Credit and
Secured Loan: BPLR + 100% i.e. 14% p.a. (Presently) subject to change from
time to time. Letter of Credit
and Bank Guarantee: Commission as per H O Circulars. Terms of
Repayment: Secured Loan is
to be 60 equal monthly installments after an initial moratorium of 6 months. Cash Credit : On
Demand Margin: Cash Credit: 25%
on Stock and 40% on Book Debts Secured Loan: 25%
on the cost of project. Letter of
Guarantee: 25% Cash Margin Bank Guarantee:
20% Cash Margin Extent and
operation of the charge: 100% |
|
Short particulars
of the property charged (including location of the property) |
Equitable
Mortgage of Flat No. 703, 7th Floor, C Wing together with one car
parking space in the building ‘Sagar Height’ admeasuring 632.5 sq. ft. of
carpet area at Andheri Kurla Road, bearing
CTS Nos 721/A, 721/B, 721/1, Survey No.14 Hissa No.1/4, S No.15, Hissa No.1 S
No 52, Hissa No.1,2/A/B, 3 and 4 (P), Vill: Mohili Andheri Kurla Road,
Greater Mumbai, District and Sub District Mumbai is Provided as a coll
Security for the advance to MMP – Filtration Private Limited. |
FIXED ASSETS
·
Land
·
Building
·
Motor Vehicles
·
Air Conditioner
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. 51.65 |
|
|
1 |
Rs. 79.09 |
|
Euro |
1 |
Rs. 65.31 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
34 |
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.