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Report Date : |
28.05.2012 |
IDENTIFICATION DETAILS
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Name : |
K. S. ALLOYS |
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Registered
Office : |
Village Kumb, |
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Country : |
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Date of
Incorporation : |
January 2012 |
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Capital
Investment / Paid-up Capital : |
Not Available |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
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Line of Business
: |
Manufacturing and Castings of Steel Ingots. (Setup of Machinery is under-process) |
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No. of Employees
: |
25 (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 Concern |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a new partnership concern and establishing itself
gradually. The company expects a sizeable turnover from its first year of
operations. Business is active. Payments are reported to be low. The
valuation report submitted seems to be satisfactory. It would be advisable to take adequate securities while dealings with
the subject. |
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. Ashok Kumar Sharma |
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Designation : |
Partner |
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Contact No.: |
91-9217010039 |
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Date : |
25.05.2012 |
LOCATIONS
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Registered Office/ Factory : |
Village Kumb, |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9217010039 (Mr. Ashok Kumar Sharma) |
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Fax No.: |
Not Available |
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E-Mail : |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Ashok Kumar Sharma |
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Designation : |
Partner |
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Address : |
Subhash Nagar, Mandi Gobindgarh, |
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Date of Birth/Age : |
42 years |
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Name : |
Mrs. Kiran Sharma |
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Designation : |
Partner |
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Address : |
Subhash Nagar, Mandi Gobindgarh, |
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Date of Birth/Age : |
40 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturing and Castings of Steel Ingots. (Setup of Machinery is under-process) |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
·
· UAE |
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Terms : |
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Selling : |
Cash and Credit (30 days) |
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Purchasing : |
Cash and Credit (30 days) |
GENERAL INFORMATION
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Customers : |
Wholesalers and Retailers |
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No. of Employees : |
25 (Approximately) |
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Bankers : |
·
Bank of · Axis Bank |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Mr. Sanjeev Tayal Chartered Accountant |
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Address : |
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Associates/Subsidiaries : |
· K S Steel Traders Address: Mandi Gobindgarh, Activity: Manufacturing and Castings of Steel Ingots. |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Available |
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Borrowed : |
Not Available |
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Total : |
Not Available |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW CONCERN
The above information has been parted by Mr. Ashok Kumar Sharma.
Note: Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
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 |
No |
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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 |
No |
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Capital in the business |
No |
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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 |
No |
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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 |
No |
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Last Accounts filed at ROC |
No |
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Major Shareholders, if available |
No |
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REPORT OF VALUATION OF IMMOVABLE PROPERTY
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Purpose for Which Valuation Made |
Bank Purpose regarding “M/s K. S. Alloys”, |
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Date on which Visit Made |
03.01.2012 |
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Name of the Owners |
Mr. Ashok Kumar S/o Mr. Baldev Raj and Mrs. Kiran
Sharma Kumbh, Tehsil Amloh, District Fatehgarh Sahib. |
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If the property is under joint ownership
co-ownership share of each owner, is the share undivided |
Joint Ownership |
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Brief Description of the Property |
Industrial Unit (Under Construction) |
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Location Street, Ward No. |
Kumbh to Kumbhra, Near Singla Con Casting,
Village Kumbh, Tehsil Amloh, District Fatehgarh Sahib. |
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Survey Plot No. of Land |
-- |
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8.It the Property Situated in residential/
Commercial/ Mixed/ Industrial Area |
Mixed area with many Industrial units. |
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Classification of locality – High Class/
Middle Class/ Poor Class. |
Upper Middle Class |
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Proximity to civic amenities like schools
offices, Hospitals, Market Cinemas etc. |
Available within 2 ˝ K. M. at Mandi
Gobindgarh |
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Means and Proximity to surface Communication
by which the locality is served |
Near |
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Area of land supported by documentary |
Owned by Mr. Ashok Kumar S/o Mr. Baldev Raj Owner by Mrs.
Kiran Sharma W/o Ashok Kumar |
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Owned by M/S K. S. Alloys = 9 Bighas 6 Biswas Or 186 Biswas |
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The Property in question is bounded as
under: |
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North: Agricultural
Land Mr. Chand Singh |
506’-0” |
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South: Singla Con
Casting |
502’-0” |
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-
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146’-0” |
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West: |
166’-0” |
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Is it leasehold the name of lessor/ Lessee, nature of lease, dates of
commencement and termination of lease and termination of lease and term of
renewal of lease 1] Initial Premium 2] Ground rent payable per annum 3] Unearned
increase payable to the lessor in the event of sale of transfer |
Owner occupied |
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Furnish technical details of the building
Plot Area = |
9 Bighas 6 Biswas or 186 Biswas |
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CONSTRUCTION SPECIFICATIONS AND DETAILS: |
R.C.C Foundations and Fabricated trusses. 66’ x 220’ = 14520 sft Panel Room/ Transformer Room 58’ x 24’ = 1392 sft Stores 36’ x 58’ = 2088 sft Boundary Wall Spread foundation. Brick work in cement
mortar in foundations, Plinth and Superstructure. 9’ thick Height
10’-0”. |
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Is the building owner occupied, tenant, or
both |
Owner – Occupied |
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Given details of water and electricity charges
if any to be borne by the owner |
All are borne by the owner |
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Who has to bear the cost of electricity for
lighting of common space like entrance, hall stairs, Passages, Compounds etc. |
Owner bear all the expanses |
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What is the amount of Property tax? Who to
bear it? Give details with documentary Proof |
Industrial Unit (Under Construction) |
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Give instance of sale of immovable property
in the locality on a separate sheet including the name and address of the property,
registration No. |
Not Available |
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Land rate/ adopted in this valuation |
Market rate Rs.2.800 Millions per Bigha |
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If sale instance are not available or relied
upon the basis of arriving at the land rate
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Market value through enquiries |
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Guideline value / Value of IP as per circle
rates, If any, applicable in the area where IP is situated |
Rs.31,000/- per Marla or Rs.10,33,333
Millions per Bigha |
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What was the method of construction by
contract/ by Employing Labour Directly/ Both? |
By Both |
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Year of Commencement of construction and
year of completion |
Under Construction |
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Government Value Land 9.3 Bigha @ Rs.10,33,333/- per Bigha
Value of construction is not described for various structures so in not
calculated |
Rs.9.610 Millions |
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Market Value Value of construction with RCC foundations and fabricated trusses L.S. Panel Room/ Transformer Room 58’x24’= 1392 sft. @ Rs.350/- per sft. Stores 36’ x 58’ = 2088 sft @ Rs.150/- per
sft Boundary Wall = 1282 Rft. @ Rs.710- per sft Total LAND 9 Bighas 6 Biswas or 9.3 Bighas @ Rs.28.00
Lac/- per Bigha Total Value (Construction + Land) Say :- |
Rs.1.000 Million Rs.0.487 Million Rs.0.313 Million Rs.0.910 Million Rs.2.711 Millions Rs.26.040 Millions Rs.28.751 Millions Rs.28.750 Millions |
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Realisable Value 90% |
Rs.25.875 Millions |
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.55.73 |
|
|
1 |
Rs.87.26 |
|
Euro |
1 |
Rs.69.89 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
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.