|
Report Date : |
03.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
NORATEL INDIA POWER COMPONENTS PRIVATE LIMITED (w.e.f. 08.01.2009) |
|
|
|
|
Formerly Known
As : |
TOROID INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Nila Technopark Campus, Kariyavattom, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
09.09.1996 |
|
|
|
|
Com. Reg. No.: |
09-010715 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.89.515 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31102KL1996PTC010715 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
TVDT00619D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT8702F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Transformers. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 200000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having moderate track record. There
appear some accumulated losses recorded by the company. However, trade relations
are reported to be fair. Business is active. Payments are reported to be slow
but correct. The company can be considered for business dealings with some
cautions. Profit and Loss Account of the company is not available. |
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 : |
Nila, Technopark Campus, Kariyavattom, Trivandrum – 695 581, Kerala,
India |
|
Tel. No.: |
91-471-3048275/ 2700675 |
|
Fax No.: |
91-471-3048385/ 2700685 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Christopher Rudolf Gunther Buser |
|
Designation : |
Director |
|
Address : |
3, Springhill Road, |
|
Date of Birth/Age : |
24.06.1961 |
|
Date of Appointment : |
01.06.2008 |
|
DIN No.: |
02208508 |
Other Directorship
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51505KL1997PTC011450 |
TOROID
ASIA PRIVATE LIMITED |
Director |
29-09-08 |
01-06-08 |
- |
Active |
NO |
|
2 |
U31102KL1996PTC010715 |
NORATEL
INDIA POWER COMPONENTS PRIVATE LIMITED |
Director |
31-12-09 |
01-06-08 |
- |
Active |
NO |
|
Name : |
Mr. Asle Ellef Braathen Tandberg |
|
Designation : |
Director |
|
Address : |
OST Modumvein, N 3370, |
|
Date of Birth/Age : |
30.12.1961 |
|
Date of Appointment : |
03.03.2006 |
|
DIN No.: |
00648789 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51505KL1997PTC011450 |
TOROID
ASIA PRIVATE LIMITED |
Director |
03-03-06 |
03-03-06 |
- |
Active |
NO |
|
2 |
U31102KL1996PTC010715 |
NORATEL
INDIA POWER COMPONENTS PRIVATE LIMITED |
Director |
03-03-06 |
03-03-06 |
- |
Active |
NO |
|
Name : |
Mr. Reidar Kjaer |
|
Designation : |
Director |
|
Address : |
Skogbrynet 3A, 0283, |
|
Date of Birth/Age : |
06.02.1956 |
|
Date of Appointment : |
19.12.2006 |
|
DIN No.: |
01208516 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U31102KL1996PTC010715 |
NORATEL
INDIA POWER COMPONENTS PRIVATE LIMITED |
Director |
30-12-06 |
19-12-06 |
- |
Active |
NO |
|
2 |
U51505KL1997PTC011450 |
TOROID
ASIA PRIVATE LIMITED |
Director |
19-12-06 |
19-12-06 |
- |
Active |
NO |
|
Name : |
Mr. Jomy Joseph |
|
Designation : |
Managing Director |
|
Address : |
TC 9/1550, Vazhathara Chekkalamukku, Sreekaryam Trivandrum -695017,
Kerala, India |
|
Date of Birth/Age : |
06.02.1956 |
|
Date of Appointment : |
01.01.2010 |
|
DIN No.: |
02896748 |
KEY EXECUTIVES
|
Name : |
Mr. Sreejith N |
|
Designation : |
Secretary |
|
Address : |
Room 1, Chandrodayan Attinkuzhi Kulathoor, |
|
Date of Birth/Age : |
23.02.1977 |
|
Date of Appointment : |
22.06.2006 |
|
PAN No.: |
BDEPS3341E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Noratel AS, Norway |
|
8951479 |
|
Noratel Sweden AB, Sweden |
|
1 |
|
Total |
|
8951480 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Transformers. |
|
|
|
|
Products : |
·
Toroidal Transformers ·
Chokes and Inductors (1VA-60kVA) |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
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|||||||||||||||||||||||||||
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Bankers : |
Canara Bank, Contonment Branch, M.G. Road, Trivandrum – 695 039,
Kerala, India |
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
|
Facilities : |
Note: · Packing Credit Loan from a Bank · Amount repayable within one year - Rs. 0.140 Millions (Previous Year -Rs.0.137 Million)
Note: · Buyers Credit from a Bank ·
External Commercial Borrowing (ECB) from
Noratel AS, Norway |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Wilmont Park Business Centre, Warriam Road, Cochin – 682 016, Kerala,
India |
|
Tel. No.: |
91-484-2353694 |
|
Fax No.: |
91-484-2353304 |
|
PAN.: |
AACFD3771D |
|
|
|
|
Holding Company : |
Noratel AS – |
|
|
|
|
Related Parties : |
· Noratel International Private Limited, Sri Lanka · Noratel AG, Germany · Noratel Sweden AB, Sweden · Noratel Spain SL, Spain · Noratel UK Limited, United Kingdom · Noratel SP Zoo, Poland · Foshan Noratel Electric Company Limited, China · Noratel Denmark AS, Denmark ·
Toroid Asia Private Limited, India |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8952000 |
Equity Shares |
Rs.10/- each |
Rs.89.520 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8951480 |
Equity Shares |
Rs.10/- each
|
Rs.89.515
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 |
89.515 |
89.515 |
89.515 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
(39.308) |
(76.496) |
2.900 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(71.933) |
|
|
NETWORTH |
50.207 |
13.019 |
20.482 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
4.451 |
11.235 |
0.000 |
|
|
2] Unsecured Loans |
49.448 |
34.168 |
41.664 |
|
|
TOTAL BORROWING |
53.899 |
45.403 |
41.664 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
104.106 |
58.422 |
62.146 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
30.613 |
33.392 |
33.701 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
4.215 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
79.456
|
65.005 |
52.874 |
|
|
Sundry Debtors |
37.279
|
33.739 |
40.405 |
|
|
Cash & Bank Balances |
27.600
|
22.429 |
21.547 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.035 |
|
|
Loans & Advances |
9.194
|
6.424 |
6.238 |
|
Total
Current Assets |
153.529
|
127.597 |
121.099 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
29.343
|
24.827 |
16.611 |
|
|
Other Current Liabilities |
41.795
|
69.879 |
73.446 |
|
|
Provisions |
8.898
|
7.861 |
6.812 |
|
Total
Current Liabilities |
80.036
|
102.567 |
96.869 |
|
|
Net Current Assets |
73.493
|
25.030 |
24.230 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
104.106 |
58.422 |
62.146 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
|
216.401 |
287.440 |
|
|
|
Other Income |
|
NA |
NA |
|
|
|
TOTAL |
|
NA |
NA |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
242.081 |
306.097 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
242.081 |
306.097 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
(7.468) |
(5.853) |
|
|
|
|
|
|
|
|
|
|
TAX |
|
(0.005) |
0.151 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
(7.463) |
(6.004) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
(0.83) |
(0.67) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
(4.64) |
(3.78) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
(0.57) |
(0.29) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.67
|
11.37 |
6.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.92
|
1.24 |
1.25 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last two years |
Yes |
|
12) Profitability for last two 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 |
Yes |
|
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 |
-- |
|
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 |
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U31102KL1996PTC010715 |
|
Name of the company |
NORATEL INDIA POWER COMPONENTS PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
Nila, Technopark Campus, Kariyavattom, Trivandrum – 695 581, Kerala,
India E-mail : india@toroidnoratel.com
|
|
This form is for |
Creation of charge |
|
Type of charge |
Others (Vehicle) |
|
Particular of charge holder |
Canara Bank, Contonment Branch, M.G. Road, Trivandrum – 695 039, Kerala,
India E-mail ; manager1tvm0819@canbank.co.in
|
|
Nature of instrument creating charge |
Canmobile Agreement |
|
Date of instrument Creating the charge |
03.02.2010 |
|
Amount secured by the charge |
Rs.0.640 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest 8.50%p.a. from 3.2.2010-2.2.2011-ie 1st 12 months; 9.50%p.a. from
3.2.2011-2.2.2013-ie next 24 months; 10.00% ie BPLR-2% above 36 months
upto 60 months;10.50% ie BPLR-1.5 % above 60 months Terms of Repayment As determined by the Bank from time to time Margin As determined by the Bank from time to time Extent and Operation of the charge Hypothecation of Company's assets as security for the loan sanctioned
along with interest and other dues thereon. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Brand new Tavera B47 B53 (N) Car |
CONTINGENT LIABILITIES (As on 31.03.2011) :
The Company has issued counter guarantees to banks for Rs.4.850 Millions to enable the banks to issue bank guarantees in favour of President of India towards Bond executed for duty free import of raw materials, capital goods, etc. aggregating to Rs.75.000 Millions (Previous Year: Rs. 75.000 Millions) and towards duty liability on steel sent outside the factory for the purpose of job work.
The Company has issued Counter Guarantees in favour of the banks for Rs.4.850 Millions based on which the banks have issued Guarantees in favour of President of India for the purpose of Bonds executed towards the purchase of Raw Materials and Import of Capital Goods for Rs.3.750 Millions and duty forgone on Steel sent for Job Work for Rs.1.100 Millions
The Company has obtained permission from Government of India to set up a 100% Export Oriented Unit (‘EOU’) for manufacture of Toroidal transformers and related products in Technopark, Trivandrum, and has executed a Bond with the Government of India for duty free import of raw materials, capital goods, etc. for an aggregate duty of Rs.75.000 Millions. The value of the unutilized bond as at the Balance Sheet date is Rs. 7.925 Millions (Previous Year: Rs. 11.903 Millions).
The Company has obtained permission from Government of India to set up a 100% Export Oriented Unit (EOU) for manufacture of Toroidal transformers and related products in Technopark, Trivandrum, and has availed duty exemption of Rs. 43.152 Millions - (Previous Year: Rs 41.461 Millions) towards import of capital goods of assessable value Rs. 89.770 Millions (Pervious Year: Rs. 82.538 Millions) under the EOU Scheme. The Company has either fulfilled or is hopeful of fulfilling its export obligations, on account of duty free imports, as at the balance sheet date. The Company has executed bonds in favour of The President of India towards the duty free purchase of imported raw materials, indigenous raw materials, import of capital goods, export and deemed exports of finished goods for a total value of Rs. 75.000 Millions (Previous Year: Rs. 75.000 Millions). The value of the bond unutilized as at the Balance Sheet date is Rs. 11.904 Millions (Previous Year: Rs. 14.277 Millions). In the event of non-utilization of materials as prescribed in law, the Company will be liable for the duties and penalties, which will be accounted in the year in which non-compliance, if any, occurs.
FIXED ASSETS
Tangible Assets:
· Leasehold Building
· Plant and Machinery
· Furniture and Fixtures
· Office Equipments
· Vehicles
Intangible Assets:
·
Computer Software
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.55.83 |
|
|
1 |
Rs.87.41 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
28 |
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.