MIRA
INFORM REPORT
|
Report Date : |
09.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
SIDMARK SALES ENTERPRISE PRIVATE LIMITED |
|
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|
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Registered Office : |
5, Atur House, 87, |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
02.08.2005 |
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|
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Com. Reg. No.: |
11-155089 |
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Capital
Investment / Paid-up Capital : |
Rs.1.125
Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U61909mh2005ptc155089 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMS49360D |
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|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trader and Importer of Laminated Papers and Edge Band. |
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|
No. of Employees
: |
20 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 600000 |
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|
|
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record.
The latest financials are not available. As per previous year’s, the performance of the company seems to be
high. Financially performing well. Trade relations are reported to be fair.
Business is active. Payments are reported to be usually correct and as per
commitment. The company can be considered for normal business dealings at usual
trade terms and condition. Note : Due to error in the government sites, we hereby provide you the report
with available details and we would provide you with a on the same company as
soon as we get the additional information. |
NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
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 PARTED BY
|
Name : |
Mr. Shankar Narayan |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-8097975869 |
|
Date : |
08.02.2013 |
LOCATIONS
|
Registered Office : |
5, Atur House, 87, |
|
Tel. No.: |
91-22-24975445 to 48 / 50 |
|
Mobile No: |
91-8097975869 (Mr. Shankar Narayan) |
|
Fax No.: |
91-22-24975451 |
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E-Mail : |
|
|
Website : |
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|
Area : |
2500 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
A 25/26, |
|
|
|
|
Branch Office : |
10/60-c, Kirti Nagar, Behind Idus Showroom, New Delhi-110015, India |
|
Tel. No.: |
91-11-45914554 |
DIRECTORS
AS ON 29.09.2011
|
Name : |
Mr. Siddharth Sudeshkumar Sabharwal |
|
Designation : |
Director |
|
Address : |
A-3, Alpa Apartment, 1st Floor, |
|
Date of Birth : |
25.07.1978 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
02.08.2005 |
|
DIN No.: |
00518713 |
|
|
|
|
Name : |
Mr. Uday Achyuth Kamath |
|
Designation : |
Director |
|
Address : |
602, Palms, 6th Floor, Jamnalal Bajaj Marg, Deonar Baug, Mumbai
– 400 088, |
|
Date of Birth : |
04.06.1964 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
02.08.2005 |
|
DIN No.: |
00518671 |
|
|
|
|
Name : |
Mr. Dhiraj Ramji Someshwar |
|
Designation : |
Director |
|
Address : |
A-5/3, Runuwal Nagar, Kolbad, Thane (West), Thane – 400 601, |
|
Date of Birth : |
25.11.1957 |
|
Qualification : |
Chartered Accountant |
|
Date of Appointment : |
23.08.2005 |
|
DIN No.: |
00518808 |
KEY EXECUTIVES
|
Name : |
Mr. Shankar Narayan |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Nyana Sudeshkumar Sabharwal |
|
170 |
|
Siddharth Sudeshkumar Sabharwal |
|
6580 |
|
Uday Achyuth Kamath |
|
4500 |
|
Total |
|
11250 |
AS ON 29.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Laminated Papers and Edge Band. |
|
|
|
|
Imports : |
|
|
Products : |
Laminated Papers |
|
Countries : |
·
Germany ·
Canada |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
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|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Big Sea Marcom India Private Limited ·
Log Freight Mumbai Private Limited ·
Surteco Pte Limited ·
Technocell Dekor Gmbh Company ·
Novopan Industries Limited ·
Pravara Shipping Company ·
Sidmark Sales Private Limited ·
Trasnlog Express Private Limited ·
Pravin Jayanti and Associates |
|
|
|
|
Customers : |
End users |
|
|
|
|
No. of Employees : |
20 [Approximately] |
|
|
|
|
Bankers : |
·
Corporation Bank, Chembur Branch, Mumbai, Maharashtra,
India ·
Axis Bank Limited, Worli, Mumbai, Maharashtra,
India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Pravin Jayanti and Associates Chartered Accountants |
|
Address : |
404, |
|
Pan No.: |
AAAFP8115H |
CAPITAL STRUCTURE
AS ON 29.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000 |
Equity Shares |
Rs.100/- each |
Rs.1.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11250 |
Equity Shares |
Rs.100/- each |
Rs.1.125
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 |
1.125 |
1.125 |
1.125 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
149.676 |
111.721 |
80.595 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
150.801 |
112.846 |
81.720 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
12.659 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
12.659 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
150.801 |
112.846 |
94.379 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
6.107 |
6.284 |
1.743 |
|
|
Capital work-in-progress |
0.000 |
0.000
|
0.000
|
|
|
|
|
|
|
|
|
INVESTMENT |
21.174 |
20.459
|
0.000
|
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000
|
0.000
|
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
147.260
|
99.685
|
88.657
|
|
|
Sundry Debtors |
127.864
|
95.635
|
59.982
|
|
|
Cash & Bank Balances |
18.589
|
23.632
|
12.712
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
47.784
|
23.238
|
51.669
|
|
Total
Current Assets |
341.497
|
242.190
|
213.020
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
181.877
|
139.787
|
75.487
|
|
|
Other Current Liabilities |
0.000
|
0.000
|
0.000
|
|
|
Provisions |
36.100
|
16.300
|
44.907
|
|
Total
Current Liabilities |
217.977
|
156.087
|
120.394
|
|
|
Net Current Assets |
123.520
|
86.103
|
92.626
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.010 |
|
|
|
|
|
|
|
|
TOTAL |
150.801 |
112.846 |
94.379 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
385.872 |
317.745 |
209.553 |
|
|
|
Other Income |
NA |
NA |
39.548 |
|
|
|
TOTAL (A) |
NA |
NA |
249.101 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Sales |
|
NA |
156.788 |
|
|
|
Administrative and Operative Expenses |
|
|
44.322 |
|
|
|
TOTAL (B) |
NA |
NA |
201.110 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
NA |
47.991 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
NA |
1.660 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
59.412 |
49.138 |
46.331 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.656 |
1.366 |
0.286 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
57.756 |
47.772 |
46.045 |
|
|
|
|
|
|
|
|
|
|
TAX (H) |
19.800 |
16.300 |
15.899 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
37.956 |
31.125 |
30.146 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
51.721 |
20.594 |
27.948 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
37.500 |
|
|
BALANCE CARRIED
TO THE B/S |
89.676 |
51.720 |
20.594 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Commission Earnings |
58.909 |
44.074 |
39.536 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Import Goods |
256.784 |
219.977 |
111.859 |
|
|
|
Traveling Expenses |
0.175 |
0.140 |
0.166 |
|
|
TOTAL IMPORTS |
256.959 |
220.117 |
112.025 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3373.87 |
2797.59 |
2679.65 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
450.000 |
|
|
|
|
|
Expected Sales (2012-13) : Rs. 480.000 Millions.
The above information has been parted by Mr. Shankar Narayan (Accounts
Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
NA |
12.10 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
14.97
|
15.03 |
21.97 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.62
|
19.23 |
21.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.38
|
0.42 |
0.56 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.57
|
1.55 |
1.77 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
|
Sundry Creditors |
|
|
|
|
Form Goods |
95.003 |
81.702 |
28.518 |
|
For Expenses |
86.874 |
58.085 |
46.969 |
|
Total |
181.877 |
139.787 |
75.487 |
PARTIAL DETAILS OF
SUNDRY CREDITORS:
|
Particulars |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
|
FOR GOODS |
|
|
|
|
Chiyoda Gravure Corporation |
2.746 |
6.919 |
2.109 |
|
N.V. Chiyoda Europa |
37.691 |
20.571 |
15.319 |
|
Technocell Dekor Gmbh Company |
20.448 |
28.744 |
7.293 |
|
Technocell Dekor Canada |
32.520 |
21.478 |
2.659 |
|
Glatfelter |
0.802 |
2.268 |
1.050 |
|
|
|
|
|
|
FOR EXPENSES |
|
|
|
|
Sidmark Sales Private Limited |
4.814 |
2.407 |
4.415 |
|
T.D.S. Payale |
24.257 |
16.433 |
9.349 |
|
Siddarth Sabharwal |
37.415 |
23.489 |
28.218 |
|
Uday Kamath |
16.695 |
13.052 |
2.060 |
|
Pravara Shipping Company |
0.246 |
0.132 |
0.014 |
|
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
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
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 |
WORKING RESULTS:
During the year,
the company has achieved a sales of Rs. 385.900 millions as compared to sales
of Rs. 317.700 millions during the previous year which shows an increase by
Rs.68.200 millions at gross level and at net level, the profit has increased
from Rs.91.800 millions to Rs. 111.400 millions which shows an increase by
19.600 millions mainly due to increase in Commission income.
FUTURE OUTLOOK:
Looking at the
current Market potential, the directors are optimist of increasing turnover and
Commission and are determined to control the cost to the maximum extent possible
and confident of concluding the year with good result.
FIXED ASSETS:
·
Air Conditioner
·
Computer
·
Furniture
·
Mobile Phone
·
Office Equipment
·
Fax
·
Chembur Flat
·
Motor Car
·
Water Filter
·
Television
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.53.57 |
|
|
1 |
Rs.84.25 |
|
Euro |
1 |
Rs.71.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
48 |
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.