|
Report Date : |
17.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
B. M. HOUSE ( LAVINA GRANITES (DIVISION OF BM HOUSE ( |
|
|
|
|
Formerly Known As : |
B.N. FINCAP LIMITED |
|
|
|
|
Registered Office : |
B-5/75, Safdarjung Enclave, |
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|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
10.05.1995 |
|
|
|
|
Com. Reg. No.: |
55 – 67630 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.507
Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74899DL1995PLC067630 |
|
|
|
|
Legal Form : |
A Closely held Public Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer and Exporter of Green Granite Stones, Granite, |
|
|
|
|
No. of Employees : |
Not Divulged |
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 182448 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and a reputed company having
satisfactory track. 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 good for normal 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 – June 30, 2012
|
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
India’s current
account deficit or CAD in April-June widened to 4.9 % of gross domestic
product. High imports of gold and oil led to a worsening of the traqde deficit,
resulting in CAD jumping to $ 21.8 billion to the latest quarter from $ 16.9
billion in the corresponding quarter of the previous financial year. The
government aims to bring down CAD to 3.7 % or $ 70 billion, in 2013/14, from
4.8 % or $ 88.2 billion in 2012/13.
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been
named the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top
spot for the world’s most honest city while Lisbon, the capital of Portugal,
proved to be the least honest. The survey put hundreds of people to test
in four continents to find out just how honest they were by dropping wallets
and seeing how many would be returned.
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali expenditure by 40 % and
on average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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 DENIED BY
MANAGEMENT NON CO-OPERATIVE (NAME NOT DISCLOSED)
LOCATIONS
|
Registered Office : |
B-5/75, Safdarjung Enclave, |
|
Tel. No.: |
91-11-41650833 / 34 / 35 / 26192628 |
|
Fax No.: |
91-11-41650833 |
|
E-Mail : |
|
|
Location: |
Owned |
|
|
|
|
Factory : |
Plot No. 14 P-2, Jigani Industrial
Area, 1st Phase, Anekal Taluk, |
|
Tel. No.: |
91-80-25725704/32929375 |
|
Fax No.: |
91-80-27826927 |
|
Mobile No : |
91-9880035199 / 9342584659 (Mr. Lalith Mohan Rathi) |
|
|
|
|
Branches : |
Located at::
|
DIRECTORS
AS ON 16.09.2013
|
Name : |
Mr. Shashi Kant Rathi |
|
Designation : |
Director |
|
Address : |
C-16, Bali Nagar, |
|
Date of Birth/Age : |
02.04.1962 |
|
Date of Appointment : |
21.04.1996 |
|
Din No.: |
01567702 |
|
|
|
|
Name : |
Mr. Rajnish Rathi |
|
Designation : |
Director |
|
Address : |
R-178, 1st Floor, New Rajinder Nagar, |
|
Date of Birth/Age : |
01.12.1963 |
|
Date of Appointment : |
24.08.1995 |
|
DIN No.: |
01520443 |
|
|
|
|
Name : |
Mr. Hari Kishan Rathi |
|
Designation : |
Director |
|
Address : |
C-16, Bali Nagar, |
|
Date of Birth/Age : |
04.06.1934 |
|
Date of Appointment : |
24.08.1995 |
|
DIN No.: |
01596635 |
|
|
|
|
Name : |
Mr. Rakesh Rathi |
|
Designation : |
Director |
|
Address : |
33/26, 1st Floor, East Patel Nagar, |
|
Date of Birth/Age : |
14.08.1961 |
|
Date of Appointment : |
02.04.2002 |
|
DIN No.: |
01531046 |
|
|
|
|
Name : |
Mr. Naresh Rathi |
|
Designation : |
Director |
|
Address : |
C-16, Bali Nagar, |
|
Date of Birth/Age : |
43 Years |
|
Date of Appointment : |
26.10.2002 |
|
Din No.: |
01567710 |
|
|
|
|
Name : |
Mr. Lalit Mohan Rathi |
|
Designation : |
Director |
|
Address : |
R-718, 1st Floor, New Rajinder Nagar, |
|
Date of Birth/Age : |
29.12.1968 |
|
Date of Appointment : |
26.10.2002 |
|
DIN No.: |
01559955 |
KEY EXECUTIVES
|
Name : |
Mr. Rishi Gupta |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 16.09.2013
|
Names of Shareholders |
No. of Shares |
|
Shashi Kant Rathi |
10100 |
|
Rajnish Rathi |
10100 |
|
Rajeev Maheshwari |
100 |
|
Hari Kishan Rathi |
10100 |
|
Shiv Rattan Rathi |
10100 |
|
Rajesh Gupta |
100 |
|
Malika Rathi |
5100 |
|
Mohit Chander Lakhanpal |
2500 |
|
Deepak Taneja |
2500 |
|
Satvijay Investment Consultancy Services Private Limited - |
20000 |
|
Kamal Cotton Traders Private Limited- |
50000 |
|
Mohit Finance and Building Private Limited- |
25000 |
|
Victor Credit and Constructions Private Limited- |
55000 |
|
Paras Builders Private Limited- |
25000 |
|
Dhanraj Bharatraj Properties Private Limited- |
25000 |
|
Daulat Ram Delu |
50000 |
|
Yunesh Kumar Munjai |
50000 |
|
Total |
350700 |
Equity Share Break up (Percentage of Total Equity)
AS ON 16.09.2013
|
Category |
Percentage |
|
Bodies Corporate
|
57.00 |
|
Directors or relatives of Directors |
13.00 |
|
Other Top Fifty Shareholders |
30.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Green Granite Stones, Granite, |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||
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Bankers : |
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|||||||||||||||||||||
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Rs
In Millions |
|||||||||||||||||||||
|
Facilities : |
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajesh Laxmi and Associates Chartered Accountant |
|
Address : |
205, Basant Complex, 38, Veer Savarkar Block, Shakarpur, |
|
Pan No.: |
AAGP5271K |
CAPITAL STRUCTURE
AS ON (31.03.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3500000 |
Equity Share |
Rs.10/- Each |
Rs.35.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
350700 |
Equity Share |
Rs.10/- Each |
Rs.3.507
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
3.507 |
3.507 |
3.507 |
|
(b) Reserves & Surplus |
39.823 |
33.843 |
27.907 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
19.151 |
19.151 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
62.481 |
19.151 |
31.414 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
31.202 |
60.385 |
185.579 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
19.151 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
31.202 |
60.385 |
204.730 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
21.013 |
27.376 |
0.000 |
|
(b) Trade payables |
194.802 |
262.139 |
311.510 |
|
(c) Other current
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term provisions |
11.912 |
8.956 |
5.177 |
|
Total Current Liabilities (4) |
227.727 |
298.471 |
316.687 |
|
|
|
|
|
|
TOTAL |
321.410 |
415.357 |
552.831 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
9.919 |
11.147 |
10.694 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.668 |
1.668 |
1.675 |
|
(c) Deferred tax assets (net) |
0.172 |
0.108 |
0.073 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
20.758 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
11.759 |
12.923 |
33.200 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
4.336 |
6.460 |
201.193 |
|
(c) Trade receivables |
267.701 |
364.006 |
312.053 |
|
(d) Cash and cash
equivalents |
16.159 |
15.141 |
6.385 |
|
(e) Short-term loans and
advances |
21.455 |
16.827 |
0.000 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
309.651 |
402.434 |
519.631 |
|
|
|
|
|
|
TOTAL |
321.410 |
415.357 |
552.831 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
131.698 |
156.924 |
84.797 |
|
|
|
Other Income |
33.701 |
34.118 |
29.768 |
|
|
|
TOTAL (A) |
165.399 |
191.042 |
114.565 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material |
109.742 |
132.146 |
77.059 |
|
|
|
Changes in inventories of Finished Goods Work in Progress and Stock in
trade |
0.947 |
3.524 |
0.000 |
|
|
|
Employees Benefits |
7.018 |
6.430 |
5.810 |
|
|
|
Insurance Expenses |
0.171 |
0.138 |
0.000 |
|
|
|
Admin and Other Expenses |
29.991 |
28.148 |
0.000 |
|
|
|
Other Expenses |
7.394 |
10.526 |
23.016 |
|
|
|
TOTAL (B) |
155.263 |
180.912 |
105.885 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
10.136 |
10.130 |
8.680 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
10.136 |
10.130 |
8.680 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.546 |
1.521 |
1.466 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
8.590 |
8.609 |
7.214 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
2.610 |
2.673 |
2.241 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
5.980 |
5.936 |
4.973 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
39.823 |
33.843 |
27.907 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
17.05 |
16.93 |
1.42 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.62 |
3.11 |
4.34 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.52 |
5.48 |
8.51 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.69 |
2.08 |
1.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.45 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.83 |
4.58 |
5.91 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36 |
1.35 |
1.64 |
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 |
No |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three 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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if
applicable) |
No |
|
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 |
No |
|
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 |
NOTE:
The Registered Office of the Company has been
shifted from “A-2/135, 1st Floor Safdarjung, Enclave,
VIEW INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10326737 |
15/12/2011 |
31,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B291751 |
FIXED ASSETS:
·
Land
A/C
·
Building
Account
·
Refrigerator
·
Water
Motor A/C
·
Cutting
Machine
·
Electric
Fittings
·
Plant
Machinery
·
Invertor
Account
·
Air
Conditioner
·
Furniture
& Fixtures
·
Mobile
Handset
·
Tirpal
A/C 2
·
Cycle
A/C
·
Motor
Car A/C
·
Motor
Cycle
·
E.P.B.X
·
Computer
Hardware
·
Office
Equipment
·
Washing
Machine
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.62.10 |
|
|
1 |
Rs.101.27 |
|
Euro |
1 |
Rs.85.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
YES |
|
--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.