1. Summary Information
|
|
|
Country |
|
|
Company Name |
SUTTIND SEEDS PRIVATE LIMITED |
Principal Name 1 |
Mr. Santosh Kumar |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Ravinder Kumar Dogra |
|
|
|
Registration # |
55 - 116551 |
|
Street Address |
A-7, Suvidha Apartments, Sector-13, Rohini, Delhi-110085, India |
||
|
Established Date |
14.08.2002 |
SIC Code |
-- |
|
Telephone# |
91-11-27855712 |
Business Style 1 |
Production |
|
Fax # |
-- |
Business Style 2 |
Marketing |
|
Homepage |
Product Name 1 |
Seeds |
|
|
# of employees |
55 (Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
2,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies Corporate- 5.00 % Directors or Relatives of Directors – 79 % Other Top (50)
Shareholders-16.00% |
Banking |
ICICI Bank |
|
Public Limited Corp. |
No |
Business Period |
10 years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (45) |
|
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 |
7,757,000 |
Current Liabilities |
9,356,000 |
|
Inventories |
10,352,000 |
Long-term Liabilities |
208,000 |
|
Fixed Assets |
4,011,000 |
Other Liabilities |
1,280,000 |
|
Deferred Assets |
69,000 |
Total Liabilities |
10,844,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
9,345,000 |
|
|
|
Net Worth |
11,345,000 |
|
Total Assets |
22,189,000 |
Total Liab. & Equity |
22,189,000 |
|
Total Assets (Previous Year) |
22,069,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales (Total Income) |
47,921,000 |
Net Profit |
1,226,000 |
|
Sales(Previous yr) (Total Income) |
44,820,000 |
Net Profit(Prev.yr) |
1,127,000 |
MIRA
INFORM REPORT
|
Report Date : |
24.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
SUTTIND SEEDS PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
KUMAR GROUP OF COMPANIES |
|
|
|
|
Registered
Office : |
A-7, Suvidha Apartments, Sector-13, Rohini, Delhi-110085. |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
14.08.2002 |
|
|
|
|
Com. Reg. No.: |
55 - 116551 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01122DL2002PTC116551 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS20353E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCS5945M |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
Subject is engaged in business of production
and marketing of Vegetable
Seeds |
|
|
|
|
No. of Employees
: |
55 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 45000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having steady business. 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/ Head office : |
A-7, Suvidha Apartments, Sector-13, Rohini, Delhi-110085, India |
|
Tel. No.: |
91-11-27855712 |
|
Fax No.: |
Not Available |
|
Email : |
|
|
Website : |
|
|
|
|
|
Branches & Sale Offices: |
Delhi
A-1/29 1st Floor, Sector -15
Rohini, Delhi-110085, India Bangalore
#203 Srinivas Nigaya Opposite B.B.P Kodigehalli, Shankara
Nagar Bangalore -560092, India Email : ramnath@suttind.com
Nasik K
Bagal No.-6 Roopeshri Apartments, Dindori Naka Panchvati Nasik, Maharashtra,
India Email
: bagal@suttind.com |
|
|
|
|
Production
Centers : |
·
Nangli - K 2 ( · Rannebenur (Karnataka) · UNA (HP) |
|
|
|
|
Research Station : |
· Rannebenur (Karnataka) ·
·
Solan |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Inder Kumar arora |
|
Designation : |
Director |
|
Address : |
A – 7, Suvidha Apartment, Sector -13, Rohini, |
|
Date of Birth/Age : |
12.02.1949 |
|
Date of Appointment : |
14.08.2002 |
|
DIN No.: |
00982570 |
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 |
U74899DL2000PTC104068 |
SUTTON
SEEDS PRIVATE LIMITED |
Director |
29-02-00 |
29-02-00 |
Active |
NO |
|
2 |
U01122DL2002PTC116551 |
SUTTIND
SEEDS PRIVATE LIMITED |
Director |
14-08-02 |
14-08-02 |
Active |
NO |
|
Name : |
Mr. Ravinder Kumar Dogra |
|
Designation : |
Director |
|
Address : |
E-67, New Saraswati Apartment, Sector -9, Rohini, Delhi – 110 085,
India |
|
Date of Birth/Age : |
03.07.1952 |
|
Date of Appointment : |
14.08.2002 |
|
DIN No.: |
00982607 |
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 |
U74899DL2000PTC104068 |
SUTTON
SEEDS PRIVATE LIMITED |
Director |
29-02-00 |
29-02-00 |
Active |
NO |
|
2 |
U01122DL2002PTC116551 |
SUTTIND
SEEDS PRIVATE LIMITED |
Director |
14-08-02 |
14-08-02 |
Active |
NO |
|
Name : |
Mr. Santosh Kumar |
|
Designation : |
Director |
|
Address : |
Ward No.5, Dasuya, Hoshiarpur, Punjab, India |
|
Date of Birth/Age : |
04.02.1957 |
|
Date of Appointment : |
14.08.2002 |
|
DIN No.: |
00982642 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Inder Kumar Arora |
2930 |
|
Ravinder Kumar Dogra |
4271 |
|
Parshottam Das Saini |
2864 |
|
Gurpreet Singh Sarpal |
360 |
|
Sutton Seeds Private Limited, India |
1075 |
|
Veena Arora |
5000 |
|
Nikita Kanwar |
2500 |
|
Kiran Dogra |
1000 |
|
Total
|
20000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Bodies corporate |
5.00 |
|
Directors or relatives of Directors |
79.00 |
|
Other top fifty shareholders |
16.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in business of production
and marketing of Vegetable
Seeds |
|
|
|
|
Products : |
Seeds |
|
|
|
|
Brand Names : |
“SOLITAIRE” |
GENERAL INFORMATION
|
No. of Employees : |
55 (Approximately) |
|||||||||||||||
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|
|
|||||||||||||||
|
Bankers : |
· ICICI Bank |
|||||||||||||||
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|||||||||||||||
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Facilities : |
|
|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Naveen Gupta and Company Chartered Accountants |
|
Address : |
602, Padma Tower - 1, 5 Rajendra Place, New Delhi – 110008, India |
|
Pan No.: |
AFPPG9857D |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000 |
Equity Shares |
Rs.100/-
each |
Rs. 2.000
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 |
2.000 |
1.600 |
1.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
9.345 |
8.119 |
6.991 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
11.345 |
9.719 |
7.991 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.208 |
0.541 |
0.943 |
|
|
2] Unsecured Loans |
0.00 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.208 |
0.541 |
0.943 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
11.553 |
10.260 |
8.934 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
4.011 |
4.234 |
3.693 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.069 |
0.036 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
10.352
|
10.919
|
6.087 |
|
|
Sundry Debtors |
5.524
|
4.425
|
8.243 |
|
|
Cash & Bank Balances |
2.078
|
2.308
|
2.011 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
0.155
|
0.147
|
0.316 |
|
Total
Current Assets |
18.109
|
17.799 |
16.657 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
8.137
|
8.304
|
8.162 |
|
|
Other Current Liabilities |
1.219
|
1.958
|
2.334 |
|
|
Provisions |
1.280
|
1.547
|
0.920 |
|
Total
Current Liabilities |
10.636
|
11.809 |
11.416 |
|
|
Net Current Assets |
7.473
|
5.990
|
5.241 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
11.553 |
10.260 |
8.934 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
47.921 |
44.820 |
44.676 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
47.921 |
44.820 |
44.676 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
46.186 |
43.096 |
42.932 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
46.186 |
43.096 |
42.932 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.735 |
1.724 |
1.744 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.396 |
0.445 |
0.371 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1.339 |
1.279 |
1.373 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.113 |
0.152 |
0.204 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1.226 |
1.127 |
1.169 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7.936 |
6.809 |
5.640 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
9.162 |
7.936 |
6.809 |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
10.017 |
12.038 |
7.312 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
61.30 |
70.43 |
116.90 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.56
|
2.51
|
2.62 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.03
|
5.79
|
6.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.13
|
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.95
|
1.27
|
1.55 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.70
|
1.51
|
1.46 |
LOCAL AGENCY FURTHER INFORMATION
NOTE
Registered Office of the company has been shifted from C-90, Bali Extension,
Delhi-110042, India to the present address w.e.f. 01.01.2009
FINANCIAL RESULTS
During the year the company has been able to maintain sales and
profitability level as compared to the preceding year. The current year is very
encouraging and management is hopeful of better results in the ensuing
year.
FIXED ASSETS
ü Plant and
Machinery
ü Vehicles
ü Building
ü Furniture and
Fixtures
ü Computers
ü Goodwill
ü Plot at Barhi
ü Property at
Bangalore
ü Air Conditioner
ü Misc Fixed Assets
WEB SIDE DETAILS
PROFILE
Subject was incorporated in 1991 by Kumar group of
Companies Calcutta as an off shoot of SUTTON and was involved in production and
marketing of vegetable seeds. It was a small but significant beginning .The
company changed hands in 1999 and has since then established itself as a
leading brand in vegetable seeds both open pollinated and hybrids. The
headquarters of the company were also shifted from Calcutta to Delhi.
Subject
was primarily a temperate seed company specializing in cabbage turnip kohlrabi
beet etc, but with the change of management we took it as a challenge to
establish their selves in tropical vegetable seeds, and thus with the help of
their small but dedicated research team they tried to develop hybrids of
tomatoes, chilli, cucurbits and gourds and melons and have been successful in
launching many promising varieties of these vegetables They continue to have a
significant share of op and hybrid cabbage seed market as also of European
carrot. Their research and development centers in Karnataka Delhi and Solan
have contributed to maintaining quality control over the varieties which they
produce, procure and market
They
are a professionally run company contributing in their own humble way to the
growth and prosperity of the Indian farmer. Any new variety is launched only
after undergoing field trials at their farms and actual location for which the
product is targeted involving both the farmers and traders of the area.
Subject
Seeds is aware of the increasing changes in the seed industry around the globe
and are developing varieties for better quality, adaptability, disease and
insect pest resistance The Company operates on trust and confidence reposed by
the farmers over the years. It shares common values and purpose and continues
to strive for the betterment of the farming community by renewing its pledge to
supply high quality seeds. Their reputation is built-on success of our seeds,
which are seen as benchmark of quality by both farmers and dealers. The mission
of Suttind Seeds is to supply our customers with a consistent source of high
quality vegetable seeds. They offer seeds of proven open pollinated and hybrid
varieties, both proprietary and public selections, and their own range
They have their corporate and head office in Delhi
with branches in Bangalore, Nasik, Solan and Calcutta
Thus covering virtually the entire spectrum of the
Indian seed market
They
are also an established name in flower and vegetable seeds for the amateur
gardener. Full pictorial range is available in premium SUTTIND INDIA brand and
economy SOLITAIRE brand. Besides we are also distributors for Goldsmith Seeds
USA, Fothergill Seeds UK, Johnson Seeds UK and Sutton Seeds UK
TEAM SUTTIND
The
company is devoted to the development and introduction of improved seeds of vegetables
and flowers. The company is professionally managed by a team led by
(a) Dr I K Arora: who is Ph.D. from Indian Agricultural Research Institute, New Delhi.
He is well qualified and has more than 30 years experience in seed industry and
has held important positions in the present company and earlier in Sutton and
Sons (India) Private Limited, Calcutta. He is widely travelled nationally and
internationally and has attended various international conferences.
(b) Mr. R K Dogra: who is a graduate in agriculture from Punjab Agriculture University,
Ludhiana. He brings with him a vast knowledge in production of temperate as
well as tropical vegetable crops. An experience of more than thirty years come
handy in organization production of open pollinated and hybrid vegetable seeds;
development of new varieties as also managing farms in various locations. He
also heads the human resources department and
(c) Mr. Santosh Kumar: is a commerce graduate and carries with him vast
knowledge in marketing and sales for more than thirty years. By virtue of this
experience he heads the sales department of the company at the national level
and is assisted by team of dedicated sales managers and field staff posted in
various locations.
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. 50.59 |
|
|
1 |
Rs. 80.34 |
|
Euro |
1 |
Rs. 67.13 |
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 |
5 |
|
--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 |
|
45 |
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.