1. Summary Information
|
|
|
Country |
India |
|
Company Name |
DEVANSH CHEMICALS
PRIVATE LIMITED |
Principal Name 1 |
Mr. Arun Gupta |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Lokesh Kumar Arora |
|
|
|
Registration # |
55-200801 |
|
Street Address |
1/147, Kunti Marg,
Gali No. - 1,Vishwas Nagar, Shahdara, Delhi – 110032, India |
||
|
Established Date |
26.03.2010 |
SIC Code |
-- |
|
Telephone# |
91-11-22383294 |
Business Style 1 |
Trader |
|
Fax # |
Not Available |
Business Style 2 |
|
|
Homepage |
-- |
Product Name 1 |
PVC Resin |
|
# of employees |
75 (Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.8,129,700/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors –100.00% |
Banking |
Vijaya
Bank |
|
Public Limited Corp. |
No |
Business Period |
3 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba (46) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
91,803,000 |
Current Liabilities |
43,771,000 |
|
Inventories |
17,179,000 |
Long-term Liabilities |
13,964,000 |
|
Fixed Assets |
160,000 |
Other Liabilities |
4,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
57,739,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
43,273,000 |
|
|
|
Net Worth |
51,403,000 |
|
Total Assets |
109,142,000 |
Total Liab. & Equity |
109,142,000 |
|
Total Assets (Previous Year) |
49,953,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
590,329,000 |
Net Profit |
1,452,000 |
|
Sales(Previous yr) |
381,484,000 |
Net Profit(Prev.yr) |
757,000 |
MIRA
INFORM REPORT
|
Report Date : |
02.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
DEVANSH CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1/147, Kunti Marg, Gali No. - 1,Vishwas Nagar, Shahdara, Delhi –
110032 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
26.03.2010 |
|
|
|
|
Com. Reg. No.: |
55-200801 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.8.130 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24233DL2010PTC200801 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of PVC Resin. |
|
|
|
|
No. of Employees
: |
75 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Management of the company has fail to filed its financial for the year
2013 with the government department. As per financials (2012), general financial of the company seems
satisfactory. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The company can 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act replaces
a 119 year old registration. The Securities and Exchange Board of India has
approved the trading of currency futures on the Bombay Stock Exchange. The
exchange plans to launch the currency futures platform with advanced trading
technology by the end of November.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Arun Gupta |
|
Designation : |
Director |
|
Contact No.: |
91-9811445429 |
|
Date : |
29.11.2013 |
LOCATIONS
|
Registered Office : |
1/147, Kunti Marg, Gali No. - 1,Vishwas Nagar, Shahdara, Delhi –
110032, India |
|
Tel. No.: |
91-11-22383294 |
|
Mobile No.: |
91-9811445429 (Mr. Arun Gupta) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
1000 Sq. ft. |
|
Location : |
Owned |
DIRECTORS
As on 10.09.2011
|
Name : |
Mr. Arun Gupta |
|
Designation : |
Director |
|
Address : |
H. No. 1/1884, Mansarver Park, New Modern Shahdara, Delhi – 110032,
India |
|
Date of Birth/Age : |
26.07.1981 |
|
Date of Appointment : |
26.03.2010 |
|
DIN No.: |
02969103 |
|
|
|
|
Name : |
Mr. Lokesh Kumar Arora |
|
Designation : |
Director |
|
Address : |
75, South Anarkali, Delhi – 110051, India |
|
Date of Birth/Age : |
25.10.1969 |
|
Date of Appointment : |
26.03.2010 |
|
DIN No.: |
02972431 |
|
|
|
|
Name : |
Mrs. Teena Gupta |
|
Designation : |
Director |
|
Address : |
H. No. 1/1884, Mansarver Park, New Modern Shahdara, Delhi – 110032,
India |
|
Date of Birth/Age : |
13.03.1980 |
|
Date of Appointment : |
26.03.2010 |
|
DIN No.: |
02969151 |
|
|
|
|
Name : |
Mr. Bharti Arora |
|
Designation : |
Director |
|
Address : |
House No -75, Street No – 31, Krishna Nagar, South Anarkali, Delhi –
110051, India |
|
Date of Birth/Age : |
21.12.1971 |
|
Date of Appointment : |
26.03.2010 |
|
DIN No.: |
02972426 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 10.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Arun Gupta |
|
83258 |
|
Lokesh Kumar Arora |
|
241742 |
|
Teena Gupta |
|
12500 |
|
Bharti Arora |
|
12500 |
|
Total |
|
350000 |
As on 10.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of PVC Resin. |
|
|
|
|
Imports : |
|
|
Products : |
· Raw Material |
|
Countries : |
· Korea |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
K.R. Computer ·
LG Chem Limited ·
Nikhil Cable ·
Unison Overseas |
|||||||||
|
|
|
|||||||||
|
Customers : |
Retailers |
|||||||||
|
|
|
|||||||||
|
No. of Employees : |
75 (Approximately) |
|||||||||
|
|
|
|||||||||
|
Bankers : |
Vijaya Bank, Loni Road Branch, New Delhi - 110032, India |
|||||||||
|
|
|
|||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
J.K Manocha and Associates Chartered Accountants |
|
Address : |
27/55, Street No. 8, Vishwas Nagar, Shahdara, Delhi – 110032, India |
|
PAN.: |
AGDPM0903B |
CAPITAL STRUCTURE
As on 27.09.2012
Authorised Capital : Rs.10.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.9.130 Millions
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
812970 |
Equity Shares |
Rs.10/- each |
Rs. 8.130 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
8.130 |
3.500 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
43.273 |
5.996 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
51.403 |
9.496 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
8.396 |
0.000 |
|
|
2] Unsecured Loans |
|
5.568 |
21.045 |
|
|
TOTAL BORROWING |
|
13.964 |
21.045 |
|
|
DEFERRED TAX LIABILITIES |
|
0.004 |
0.006 |
|
|
|
|
|
|
|
|
TOTAL |
|
65.371 |
30.547 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.160 |
0.219 |
|
|
Capital work-in-progress |
|
0.00 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
17.179
|
17.570 |
|
|
Sundry Debtors |
|
70.980
|
20.632 |
|
|
Cash & Bank Balances |
|
18.345
|
5.656 |
|
|
Other Current Assets |
|
0.112
|
0.149 |
|
|
Loans & Advances |
|
2.366
|
5.727 |
|
Total
Current Assets |
|
108.982
|
49.734 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
42.884
|
18.976 |
|
|
Other Current Liabilities |
|
0.887
|
0.430 |
|
|
Provisions |
|
0.000
|
0.000 |
|
Total
Current Liabilities |
|
43.771
|
19.406 |
|
|
Net Current Assets |
|
65.211
|
30.328 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
65.371 |
30.547 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
590.329 |
381.484 |
|
|
|
Other Income |
|
0.779 |
0.428 |
|
|
|
TOTAL (A) |
|
591.108 |
381.912 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
584.976 |
378.190 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
|
584.976 |
378.190 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
6.132 |
3.722 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
3.965 |
2.614 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
2.167 |
1.108 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.059 |
0.020 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
2.108 |
1.088 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
0.656 |
0.331 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
1.452 |
0.757 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
1.79 |
2.15 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
|
0.25 |
0.20 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
0.36 |
0.29 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
1.93 |
2.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.04 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/ Networth) |
|
|
0.27 |
2.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
2.49 |
2.56 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
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 |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
|
|
|
|
Arun Gupta |
|
6.419 |
|
Bharti Aroa |
|
7.206 |
|
Lokesh Kumar Arora |
5.568 |
0.241 |
|
Sudesh Rani Arora |
|
2.149 |
|
Teena Gupta |
|
0.704 |
|
Yogesh Kumar Arora |
|
4.326 |
|
Total |
5.568 |
21.045 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10392235 |
29/06/2013 * |
192,500,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B78722816 |
* Date of charge modification
FIXED ASSETS
·
Machinery
·
Furniture and Fixtures
·
Computer
·
Scooter
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 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.62.39 |
|
|
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.98 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
DPH |
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 |
6 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.