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Report Date : |
13.07.2012 |
IDENTIFICATION DETAILS
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Name : |
KESHAR EMULSION PRIVATE LIMITED |
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Registered
Office : |
13/06, Lalit Kunj Society, Gold Coin Apartment, B/H. Ferdeal House,
Swastik Char Rasta, Navarangapura, Ahmedabad – 380009, |
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Country : |
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Date of
Incorporation : |
04.08.2011 |
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Com. Reg. No.: |
066641 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U24100GJ2011PTC066641 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
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Manufacturer and Exporter of Pharmaceutical Intermediates. |
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No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New Business |
- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and yet to complete its one full year of operations.
The company has commenced its commercial activity from January, 2012.
Business is active. Payments are unknown. The company can be considered for business dealings on a safe and
secured 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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. Nilesh Patel |
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Designation : |
Director |
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Contact No.: |
91-9825154499 |
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Date : |
10.07.2012 |
LOCATIONS
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Registered Office : |
13/06, Lalit Kunj Society, Gold Coin Apartment, B/H. Ferdeal House, Swastik
Char Rasta, Navarangapura, Ahmedabad – 380009, Gujarat, India |
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Tel. No.: |
91-2770-240799 |
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Mobile No.: |
91-9825154499 (Mr. Nilesh Patel) |
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Fax No.: |
91-2770-240799 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory : |
Opposite Katwad Patiya, N. H. No.8, At Dalpur, Taluka-Prantoj,
District – Sabarkantha, Himatnagar – 383120, Gujarat, India |
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Tel. No.: |
91-2770-240799 |
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Fax No.: |
91-2770-240799 |
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Area : |
5000 sq. ft. |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Nileshkumar Laljibhai Patel |
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Designation : |
Director |
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Address : |
Palak, Sahjanand Park, Jivan Dhara Society, Mahavirnagar, Himatnagar –
383001, Gujarat, India |
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Date of Birth/Age : |
26.04.1966 |
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Qualification : |
B. Sc. |
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Date of Appointment : |
04.08.2011 |
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DIN No.: |
00288145 |
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Name : |
Mr. Rifalkumar Vinodchandra Patel |
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Designation : |
Director |
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Address : |
At Po Maniyor, Ta: Idar, District : Sabarkantha, Maniyor – 383430,
Gujarat, India |
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Date of Birth/Age : |
30.07.1985 |
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Qualification : |
MSC |
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Date of Appointment : |
04.08.2011 |
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DIN No.: |
03570116 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 02.08.2011)
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Names of Shareholders |
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No. of Shares |
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Nileshkumar Laljibhai Patel |
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5000 |
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Padmaben Nilesh Patel |
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5000 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Pharmaceutical Intermediates. |
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Products : |
· Pharmaceutical Intermediates · Printing Ink · Calcium Phosphate Liquid · Graveure Printing · Disperse Dye Intermediates |
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Exports : |
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Products : |
Pharmaceutical Intermediates |
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Countries : |
Europe |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
China |
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Terms : |
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Selling : |
L/C and Credit (60 days) |
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Purchasing : |
L/C and Credit (60 days) |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
60 (Approximately) |
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Bankers : |
· State Bank of India Himatnagar Main 381, Opposite Civil Hospital, Sabarkantha, Himantnagar
– 383001, Gujarat, India |
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Facilities : |
CC – Rs.6.200 Millions |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Vasant Patel and company Chartered Accountant |
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Associates/Subsidiaries : |
· Bluetone (India) Private Limited (Printing Ink) · Keshar Pharma (Manufacturer Cattle Feed Supplement) · Bluetone Flexipack (Gravure Printing) · Hexone Interchem Private Limited Private Limited (Manufacturer Disperse Dyes Intermediate) |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW COMPANY
NOTE: Activity Started from
January, 2012.
Expected Sales (2012-13): Rs.25.000 Millions
The above information has been parted by Mr. Nilesh.
LOCAL AGENCY FURTHER INFORMATION
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Check list by info
Agents |
Available in Report (Yes/ No) |
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Year of Establishment |
Yes |
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Locality of the Firm |
Yes |
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Constitution of the Firm |
Yes |
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Premises details |
Yes |
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Type of Business |
Yes |
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Line of Business |
Yes |
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Promoter’s Background |
Yes |
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No. of Employees |
Yes |
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Name of Person Contacted |
Yes |
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Designation of Contact person |
Yes |
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Turnover of Firm for last three years |
No |
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Profitability for last three years |
No |
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Reasons for variation <> 20% |
----- |
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Estimation for coming financial year |
Yes |
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Capital in the business |
Yes |
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Details of sister concerns |
Yes |
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Major Suppliers |
No |
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Major Customers |
No |
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Payments Terms |
Yes |
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Export/ Imports Details (If applicable) |
Yes |
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Market Information |
----- |
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Litigations that the firm/ Promoters Involved in |
----- |
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Banking details |
Yes |
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Banking Facility Details |
Yes |
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Conduct of the Banking Account |
----- |
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Buyer visit details |
----- |
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Financials, if provided |
No |
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Incorporation details is applicable |
Yes |
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Last Accounts filed at ROC |
No |
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Major Shareholders, if available |
Yes |
FORM 8:
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This form is for |
Creation of
charge |
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Corporate
identity number of the company |
U24100GJ2011PTC066641 |
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Name of the
company |
Keshar Emulsion
private Limited |
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Address of the
registered office or of the principal place of business in |
13/06, Lalit Kunj Society, Gold Coin Apartment, B/H. Ferdeal House,
Swastik Char Rasta, Navarangapura, Ahmedabad – 380009, Gujarat, India |
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Type of charge |
Book Debts Movable Property |
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Particular of
charge holder |
· State Bank of India Himatnagar Main 381, Opposite Civil Hospital, Sabarkantha, Himantnagar
– 383001, Gujarat, India |
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Nature of
description of the instrument creating or modifying the charge |
Agreement of Loan
– cum Hypothecation |
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Date of
instrument Creating the charge |
11.10.2011 |
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Amount secured by
the charge |
Rs.6.200 Millions
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Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest CC-6% above base
rate i.e. presently 16% with monthly rest further Term Loan - NA LC – NA BG – NA Terms of
Repayment CC: Repayable on
demand and sanction is valid for one year subject to satisfactory conduct of
account. Margin Raw Materials
(Domestic/ Imported) 25% SIP – 25% FG – 40% Book Debts )Cover
60 days) – 50% Extent and Operation
of the charge All the
properties herein below are hypothecation and charges to the bank to secure
various credit facilities of Rs.6.200 Millions granted by the bank to the
company (Borrower) plus interests, commission, costs, charges,. expenses and
other monies payable by the company to the bank. This charge operates as
exclusively first charge. |
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Short particulars
of the property charged |
Hypothecation of
Stocks, both present and future raw materials, work-in-progress,
semi-finished goods and finished goods such as marble, quarries and chemicals
packing material and store etc. Hypothecation of
all present and future books-debts, outstanding moneys, receivables, claims,
bills, contracts, engagements and securities etc. Hypothecation of
all tangible movable machinery and plant and cranes, boats, and crafts,
vehicles, spares, tools, accessories furniture, fixtures, fittings, office
equipment and other movables whether installed or not etc. situated at
borrower premises and godowns, or wherever else or at village: Dalpur
situated within the Revenue and Panchayat limit of Gram Panchyat Dalpur,
Taluka; Pratij, District Sabarkantha. |
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.70 |
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1 |
Rs.86.28 |
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Euro |
1 |
Rs.68.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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- |
NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.