MIRA
INFORM REPORT
|
Report Date : |
25.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
ZOPAR EXPORTS PRIVATE LIMITED |
|
|
|
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Registered
Office : |
306, Classique Mansion, 6th Cross, Hal IInd Stage,
Bangalore-560008, Karnataka |
|
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Country : |
India |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
03.10.2000 |
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|
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Com. Reg. No.: |
08-027892 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 0.179 Million |
|
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|
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CIN No.: [Company Identification
No.] |
U74999KA2000PTC027892 |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is engaged in Trading of Flowers. |
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|
No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (37) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 54000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
-- |
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Comments : |
Subject is an established company having a moderate track record. The management of the company has failed to file its financials with the
government department since 2010. As per the financials of 2010, the company is found to be performing
well. The status of the company appears to be active as per registrar of
companies. In absence of latest financials, the payment terms are unknown. The company can be considered for business dealings with some caution. |
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 (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
SME2 |
|
Rating Explanation |
High credit quality and very low credit risk. |
|
Date |
28.01.2013 |
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 DECLINED BY
|
Name : |
Mr. P. Mallikarjun Kumar |
|
Designation : |
General Manager |
|
Contact No.: |
91-9945234314 |
|
Date : |
23.02.2013 |
LOCATIONS
|
Registered Office : |
306, Classique Mansion, 6th Cross, Hal IInd Stage,
Bangalore-560008, Karnataka, India |
|
Tel. No.: |
91-80-25216203 / 30612661 |
|
Mobile No.: |
91-9945234314 (Mr. P. Mallikarjun Kumar) |
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Fax No.: |
Not Available |
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E-Mail : |
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|
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Corporate Office : |
Arbuthnot Road, Nongrimmaw, Laitumkhrah, Shillong-793001, Meghalaya,
India |
|
Tel. No.: |
91-364-2537178 |
|
Fax No.: |
91-364-2537178 |
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|
|
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Branch Office : |
House No. 190, Ulubari, G.S. Road, Guwahati-781007, Assam, India |
|
Fax No.: |
91-361-2363019 |
DIRECTORS
As on 29.09.2010
|
Name : |
Mr. Rajesh Prasad |
|
Designation : |
Managing director |
|
Address : |
306, Classique Mansion, 19th Main, 2nd Stage,
Bangalore-560008, Karnataka, India |
|
Date of Birth/Age : |
08.01.1962 |
|
Date of Appointment : |
16.10.2000 |
|
DIN No.: |
00454691 |
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|
|
|
Name : |
Leivang Lianzami |
|
Designation : |
Whole-time director |
|
Address : |
Ellvee Haven Arbuthnot Road, Nongrimmaw, Laithukhrah, Shillong-793011,
Meghalaya, India |
|
Date of Birth/Age : |
13.04.1935 |
|
Date of Appointment : |
16.10.2000 |
|
DIN No.: |
01103050 |
KEY EXECUTIVES
|
Name : |
Mr. P. Mallikarjun Kumar |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Rajesh Prasad |
|
17750 |
|
Leivang Lianzami |
|
100 |
|
Total |
|
17850 |
List of Allottees as on 31.03.2012
|
Names of Allottees |
|
No. of Shares |
|
Leivang Lianzami |
|
125000 |
|
Total |
|
125000 |
List of Allottees as on 05.03.2011
|
Names of Allottees |
|
No. of Shares |
|
Rajesh Prasad |
|
1322549 |
|
Lianzami |
|
7451 |
|
Total |
|
1330000 |
List of Allottees as on 17.03.2011
|
Names of Allottees |
|
No. of Shares |
|
Lianzami |
|
160000 |
|
Total |
|
160000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2010
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in Trading of Flowers. |
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|
|
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Products / Services : |
·
Cut Flower Trading ·
Construction of Green Houses |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management |
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Bankers : |
·
State Bank of India, D.G.A.R. Branch
(code-07338), Laitumkhrah, Arbhuthnot Road, Shillong - 793011, Meghalaya,
India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
M S Reddy and Associates Chartered Accountants |
|
Address : |
#726, 3rd Main, 3rd Cross, D Block, Rajaji
Nagar, 2nd Stage, Bangalore- 560010, Karnataka, India |
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Tel. No.: |
91-80-23422430 / 23523004 |
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E-Mail : |
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PAN No.: |
AAHFM8516E |
CAPITAL STRUCTURE
After 29.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
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|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1632850 |
Equity Shares |
Rs.10/- each |
Rs. 16.329 Millions |
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|
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As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000 |
Equity Shares |
Rs.10/- each |
Rs. 0.200 Million |
|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17850 |
Equity Shares |
Rs.10/- each |
Rs. 0.179 Million |
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|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.179 |
0.179 |
0.179 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
13.419 |
10.176 |
6.541 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
13.598 |
10.355 |
6.720 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.249 |
1.104 |
0.369 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
1.249 |
1.104 |
0.369 |
|
|
DEFERRED TAX LIABILITIES |
0.777 |
0.267 |
0.116 |
|
|
|
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|
|
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TOTAL |
15.624 |
11.726 |
7.205 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
25.365 |
11.536 |
5.505 |
|
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Capital work-in-progress |
22.333 |
33.798 |
20.672 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1.541
|
3.491 |
7.387 |
|
|
Sundry Debtors |
23.213
|
44.842 |
28.306 |
|
|
Cash & Bank Balances |
3.759
|
1.729 |
7.266 |
|
|
Other Current Assets |
4.774
|
3.775 |
3.447 |
|
|
Loans & Advances |
36.611
|
12.214 |
7.900 |
|
Total
Current Assets |
69.898
|
66.051 |
54.306 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
91.023
|
75.707 |
44.842 |
|
|
Other Current Liabilities |
7.738
|
22.603 |
26.300 |
|
|
Provisions |
3.211
|
1.349 |
2.136 |
|
Total
Current Liabilities |
101.972
|
99.659 |
73.278 |
|
|
Net Current Assets |
(32.074)
|
(33.608) |
(18.972) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
15.624 |
11.726 |
7.205 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
137.218 |
129.917 |
106.194 |
|
|
|
Other Income |
|
NA |
NA |
|
|
|
TOTAL |
137.218 |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
NA |
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
126.454 |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
10.764 |
8.906 |
6.014 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.147 |
2.982 |
0.780 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
5.617 |
5.924 |
5.233 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.374 |
2.290 |
1.870 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
3.243 |
3.634 |
3.363 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
0.000 |
0.235 |
0.061 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
181.68 |
203.60 |
188.39 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
2.36
|
NA |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
4.54 |
4.93 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.90
|
7.64 |
8.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.41
|
0.57 |
0.78 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.09
|
0.11 |
0.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.69
|
0.66 |
0.74 |
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 |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
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 |
No |
|
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 |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
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 |
Yes |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U74999KA2000PTC027892 |
|
Name of the company |
ZOPAR EXPORTS PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
306, Classique Mansion, 6th Cross, Hal, IInd Stage,
Bangalore-560008, Karnataka, India Email : zoparexpo@yahoo.co.in
|
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10296713 |
|
Type of charge |
·
Any interest in immovable property ·
Book debts ·
Movable property (not being pledge) ·
Floating charge |
|
Particular of charge holder |
State Bank of India, D.G.A.R. Branch (code-07338), Laitumkhrah ,
Arbhuthnot Road, Shillong - 793011, Meghalaya, India Email : sbi.07338@sbi.co.in |
|
Nature of instrument creating charge |
Board Resolution dtd. 24.09.2012 Letter Of arrangement (SME 1) dtd. 24.09.2012 Supplemental agreement Of Loan-Cum-Hypothecation ( SME 4) dtd.
24.09.2012 Link Letter dtd. 24.09.2012 Omnibus Counter Guarantee Dtd. 24.09.2012 N.O.C. by EXIM Bank dtd. 13.06.2011 Letter of Confirmation of Extention of Equitable Mortgage by Deposit
of Title deeds (SME 8) |
|
Date of instrument Creating the charge |
24.09.2012 |
|
Amount secured by the charge |
Rs. 22.300 millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest 3.75% Above Base Rate ( BR) Terms of Repayment On Demand ( Cash Credit) 36 month for Term loan ( Vehicle) Margin F.G.-25% Receivable ( Cover 60 days)-40% B.G.-25% Extent and Operation of the charge a) Hypothecation of Current assets as primary security b) Secondary Charge over Land and 3 stories building located at
Kolkata c) Mortgage by Deposit of title deeds of Lease Land measuring 6.17
Hectare with green house structure d) Hypothecation of Vehicles Purchased from Bank ( SBI) Finance |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Hypothecation charge over the entire stocks of raw materials, Stocks
in Process and finished Goods. Book debts and all other Current assets both
Present and future of the Company. Hypothecation of Vehicle Purchased out of Bank Finance. Equitable mortgage over Lease holds rights of Land measuring 6.17
hectare under Agri Settlement Certificate No. 401005/09/32 of 2006 dtd.
2.09.2006 belonging to Smt. Lalfakzuali Leivang, with green house structures
at Viapuanpho , Mamit , Mizoram Second Charge over land and 3 Storied Building Located at 3/3 jessore
Road , Motilal Colony , P.O. Rajbari , Kolkata in the name of M/s Zopar
exports Private Limited ( already charged to Exim Bank) |
|
Date of instrument modifying the charge |
22.06.2011 |
|
Particulars of the present modification |
Overall Limit reduced from Rs. 24.000 millions to Rs. 22.300 millions
for as follows. Renewal of Cash Credit Limit Rs. 16.500 millions Reduction of B.G. Limit from Rs. 7.500 millions to Rs. 4.500 millions New Term loan for purchase of
Three Vehicle Rs. 1.300 millions |
FIXED ASSETS
·
Computer and Printer
·
Office Equipment
·
Furniture and Fixture
·
Plant and Machinery
·
Vehicles
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.54.43 |
|
|
1 |
Rs.83.20 |
|
Euro |
1 |
Rs.71.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
37 |
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.