|
Report Date : |
22.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
ADVANCE ROTOFLEX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
24-25-D-1, Scheme No.71, Sector –A, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
29.01.2009 |
|
|
|
|
Com. Reg. No.: |
10-021568 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs.4.107 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25200MP2009PTC021568 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLA04603E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Laminate of Pouches |
|
|
|
|
No. of
Employees: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 47000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported to usually correct. The company can be considered 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 |
INFORMATION PARTED BY
|
Name : |
Mr. Ajay |
|
Designation : |
Director |
|
Contact No.: |
91-9425057718 |
|
Date : |
20.06.2012 |
LOCATIONS
|
Registered Office : |
24-25-D-1, Scheme No.71, Sector –A, |
|
Tel. No.: |
91-731-2382520 |
|
Mobile No.: |
91-9425057718 (Mr. Ajay) |
|
Fax No.: |
91-731-4082578 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No.9 ‘H’ 1, Sector A IDA Scheme no.71 |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Shyamsunder Das Agrawal |
|
Designation : |
Director |
|
Address : |
219, Gumasta Nagar |
|
Date of Birth/Age : |
15.04.1943 |
|
Date of Appointment : |
29.01.2009 |
|
Din No.: |
02382783 |
|
|
|
|
Name : |
Mr. Abhay Agrawal |
|
Designation : |
Director |
|
Address : |
219, Gumasta Nagar |
|
Date of Birth/Age : |
03.05.1972 |
|
Date of Appointment : |
29.01.2009 |
|
Din No.: |
02384051 |
|
|
|
|
Name : |
Mr. Ajay Kumar Agrawal |
|
Designation : |
Director |
|
Address : |
219, Gumasta Nagar |
|
Date of Birth/Age : |
01.12.1965 |
|
Date of Appointment : |
29.01.2009 |
|
Din No.: |
02382940 |
|
|
|
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Shyamsunder Das Agrawal |
|
171500 |
|
Abhay Agrawal |
|
86600 |
|
Ajay Kumar Agrawal |
|
86600 |
|
Vijay Agarwal |
|
200 |
|
Ansu Devi Agarwal |
|
200 |
|
Madhu Agarwal |
|
200 |
|
Nilu Agarwal |
|
200 |
|
Shalini Agarwal |
|
200 |
|
Khoobsurat Limited, |
|
15000 |
|
Vanijya Agradooti |
|
20000 |
|
Jackson Investment Limited |
|
30000 |
|
Total |
|
410700 |
As on 30.09.2011
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
84.17 |
|
Other top fifty shareholders |
|
15.83 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Laminate of Pouches |
|
|
|
|
Terms : |
|
|
Selling : |
Cash/Credit |
|
|
|
|
Purchasing : |
Cash/Credit |
PRODUCTION STATUS As on 31.03.2011
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
|
Laminated Pouches/Film Rolls etc |
MT |
600 |
600 |
|
|
|
|
|
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
60 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
Bank Of Maharashtra, 7, Shreyas Kehsar Bagh Road, Lokmanya Nagar,
Indore -452009, Madhya Pradesh India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
Rs.
In Millions
|
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kaushal Agarwal Chartered Accountant |
|
Address : |
218, |
|
Tel. No.: |
91-731-2533353/3012353 |
|
Mobile No.: |
91-9826071155/9826895511 |
|
Email : |
|
|
Pan N. : |
AAEFK6509L |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Share |
Rs.10/- each |
Rs.6.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
410700 |
Equity Share |
Rs.10/- each |
Rs.4.107
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 |
4.107 |
4.107 |
3.807 |
|
|
2] Share Premium |
5.850 |
5.850 |
3.150 |
|
|
3]Share Application Money |
0.169 |
0.609 |
0.000 |
|
|
4]Reserves & Surplus |
1.727 |
0.586 |
0.000 |
|
|
5] (Accumulated Losses) |
0.000 |
0.000 |
(0.264) |
|
|
NETWORTH |
11.853 |
11.152 |
6.693 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
8.843 |
3.545 |
2.643 |
|
|
2] Unsecured Loans |
6.691 |
5.807 |
8.188 |
|
|
TOTAL BORROWING |
15.534 |
9.352 |
10.831 |
|
|
DEFERRED TAX LIABILITIES |
0.652 |
0.342 |
0.027 |
|
|
|
|
|
|
|
|
TOTAL |
28.039 |
20.846 |
17.551 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
12.881 |
9.576 |
5.060 |
|
|
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 |
10.242
|
12.673 |
5.957 |
|
|
Sundry Debtors |
13.242
|
6.472 |
3.840 |
|
|
Cash & Bank Balances |
1.688
|
3.638 |
3.623 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.663
|
0.765 |
0.620 |
|
Total
Current Assets |
25.835
|
23.548 |
14.040 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
9.379
|
9.847 |
1.469 |
|
|
Other Current Liabilities |
1.392
|
2.539 |
0.201 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
10.771
|
12.386 |
1.670 |
|
|
Net Current Assets |
15.064
|
11.162 |
12.370 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.094
|
0.108 |
0.121 |
|
|
|
|
|
|
|
|
TOTAL |
28.039 |
20.846 |
17.551 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
88.337 |
50.826 |
3.252 |
|
|
|
Other Income |
0.007 |
0.030 |
0.000 |
|
|
|
TOTAL (A) |
88.344 |
50.856 |
3.252 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material |
77.374 |
43.242 |
2.194 |
|
|
|
Expenditure on Employees |
2.523 |
1.859 |
0.062 |
|
|
|
Manufacturing Expenses |
3.733 |
3.047 |
0.266 |
|
|
|
Establishment Expenses |
1.116 |
0.730 |
0.091 |
|
|
|
Selling and Distribution
Expenses |
1.123 |
0.861 |
0.016 |
|
|
|
Increase / Decease in stock |
(2.412) |
(2.154) |
0.518 |
|
|
|
TOTAL (B) |
83.457 |
47.585 |
3.147 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
4.887 |
3.271 |
0.105 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.318 |
1.403 |
0.262 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.569 |
1.868 |
(0.157) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.787 |
0.491 |
0.077 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.782 |
1.377 |
(0.234) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.330 |
0.213 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Provision for
Fringe Benefit Tax |
0.000 |
0.000 |
0.002 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1.452 |
1.164 |
(0.236) |
|
|
|
|
|
|
|
|
|
Less |
Deferred Tax Liability |
0.310 |
0.315 |
0.027 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.000 |
(0.264) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1.442 |
0.585 |
0.263 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.54 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.64
|
2.29 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.02
|
2.70 |
(7.10) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.60
|
4.16 |
(1.23) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.12 |
(0.03) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.22
|
1.95 |
1.87 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.72
|
1.90 |
8.41 |
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Constitution
of the firm |
Yes |
|
Premises
details |
No |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
Yes |
|
No.
of Employees |
Yes |
|
Name
of Person Contacted |
Yes |
|
Designation
of contact person |
Yes |
|
Turnover
of firm for last three years |
Yes |
|
Profitability
for last three years |
Yes |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
No |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
No |
|
Major
Suppliers |
No |
|
Major
Customers |
No |
|
Payment
Terms |
Yes |
|
Export
/ Import Details [If Applicable] |
No |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
Yes |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
Yes |
|
Incorporation
details, if applicable |
Yes |
|
Last
accounts filed at ROC |
Yes |
|
Major
Shareholders, if applicable |
Yes |
PRODUCTION AND SALES
Net Turnover of Rs.88.345 Millions was achieved during the
year. Company has earned cash profit Rs.2.569 Millions and Net Profit before tax
for the year was Rs.1.782 Millions. Company is expecting good growth prospects
in the next financial year.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U25200MP2009PTC021568 |
|
Name of the company |
ADVANCE ROTOFLEX PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
24-25-D-1, Scheme No.71, Sector –A, Email: kaushal_agrawal@hotmail.com
|
|
This form is for |
Creation
of charge |
|
Type of charge |
Book debts Movable property (not being pledge) |
|
Particular of charge holder |
Bank Of Maharashtra,
7, Shreyas Kehsar Bagh Road, Lokmanya Nagar, Indore -452009, Madhya
Pradesh India Email: bom768@mahabank.co.in |
|
Nature of description of the instrument
creating or modifying the charge |
1. Sanction Letter. 2. Composite deed of hypothecation for all
facilities (New HP1) |
|
Date of instrument Creating the charge |
26.04.2012 |
|
Amount secured by the charge |
Rs.5.800 Millions |
|
Brief particulars of the principal terms an
conditions and extent and operation of the charge |
Rate
of Interest: Base Rate + 3% (At present 13.60%) Terms
of Repayment Moratorium upto September, 2012. Equal Installments of Rs.0.075 Millions/-
p. m. + Interest to be paid from October, 2012 in 78 installments. Interest during moratorium period will be
paid as & when due. Margin
25% minimum towards total project cost Extent
and Operation of the charge: The charge is operative against all assets
to secure all the facilities sanctioned along with all the interest, charges,
penalties and fees payable there under. |
|
Short
particulars of the property or asset(s) charged (including complete address
and location of the property) |
Primary : Hypothecation of machineries to be
purchased by the firm costing Rs.7.750 Millions First Charge by way of hypothecation
charge in favour of the Bank over the present & future movable plants,
machineries, goods, stock of RM, items, inventories, SIP, semi finished and
FG, stores, spares, Stock in trade, goods in process, movables in transit and
present and future tangible and intangible assets, vehicles, goodwill,
trademark, copyright, patent and all the rights, titles, interest &
benefit of the borrower, in upon or over all contracts & agreements and
amounts and right to collect, receive and recover the same together with all
movables, situated at any place and all outstanding monies, claims, bills,
receivables, book debts, present and future. |
FIXED ASSETS:
·
Land
·
Car
·
Electrical Purchase
·
Cycle
·
Electric Installation
·
Fire Instruments
·
Air Conditioner
·
Computer
·
Furniture and Fixture
·
Two Wheeler
·
Camera
·
Exhaust Fan
·
·
Honda City
AS PER WEBSITE DETAILS
Profile
They are one of fast growing enterprises, engaged in the manufacture, export and supply of a wide range of Packaging solutions to their clients, spread across the world. Their product range encompasses Flexible Packaging Material, Printed Pouches, Laminated Pouched and Rolls, Plastic Laminated Pouch, Laminated Printed Rolls, Stand-up Zipper Pouches, Stand-up With Zipper Pouches and Laminated Printed Pouches. Their company Advance Subject has the legal status as a Limited Concern and was founded in the year 1988 with the aim of offering high grade Packaging solutions to a wide range of client industries that are engaged in various product manufacturing. Their range of products is synonym for immaculate quality and this symbol of recognition has to a great extent assisted their company to widen their clientele in a significant manner in the domestic as well as in the international domain.
They have well experienced professionals who possess the necessary expertise in this sector of industry and are capable of achieving the expected end product requirements of their clients. They employ their professionals only after assessing their abilities in the respective domains. Their team of professionals works in close coordination to ensure high level of productivity through offering qualitative range of products. They have a team of quality staff who sources only the high grade raw material from reliable vendors. Their technicians and engineers meticulously handle the entire production process, so as to adhere to the set industry standards.
They possess an excellent infrastructure which they consider is the pivot of their entire business processes that help us in executing smooth and systematic manufacturing activities. Their production infrastructure is well earmarked into different departments that perform the different production processes adhering to specified time schedule. Their various departments include production unit, design unit, R&D unit and quality testing unit. Their production unit is well equipped with state-of-the-art machineries and equipments that enable us to adhere to the industrially recognized norms to the range of packaging materials they manufacture.
Committed to offering quality range of products, they
have engaged an efficient team of quality analysts, who resort to stringent
quality check throughout the process of production. They manufacture their
range of products using the genuine and virgin polyethylene granule that is
sourcesd from the reputed vendors. Their finished products are quality tested
on the parameters such as Length ,Width, Height, Thickness, Sealing, Visual
appearance ,Density ,Tensile Strength, Elongation at break ,Drat impact
strength and Gloss .
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.56.42 |
|
|
1 |
Rs.88.45 |
|
Euro |
1 |
Rs.71.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
BYI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
43 |
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.