|
Report Date : |
07.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
TECHNO ELECTROMECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-7/8, Keiwal Shopping Centre, Old N.H. No. 8, GIDC Estate,
Ankleshwar-393002, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
25.01.2011 |
|
|
|
|
Com. Reg. No.: |
04-063797 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31901GJ2011PTC063797 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDT01691E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the assembling and trading of varied electrical
items. |
|
|
|
|
No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 15000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new company having moderate track record. The
performance capacity and financial position are improving. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for business dealing with slight
caution. |
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 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. Chirag |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-265-2974413 |
|
Date : |
04.01.2013 |
LOCATIONS
|
Registered Office : |
B-7/8, Keiwal Shopping Centre, Old N.H. No. 8, GIDC Estate, Ankleshwar-393002,
Gujarat, India |
|
Tel. No.: |
91-2646-251592/250642 91-265-2363610 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
206-208, Monalisa Complex, Sayajigunj, Vadodara-390005, Gujarat, India
|
|
Tel. No.: |
91-265-2361291 |
|
Fax No.: |
91-265-2363609 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
Also Located At: ·
Ahmedabad ·
Mumbai |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Saurabh Dahyabhai Patel |
|
Designation : |
Director |
|
Address : |
Block CP1, Vrajdeep Apartment, Near Arundeep Race Course Circle,
Vadodara-390007, Gujarat, India |
|
Date of Birth/Age : |
14.01.1967 |
|
Date of Appointment : |
25.01.2011 |
|
Din No.: |
03291121 |
|
|
|
|
Name : |
Mrs. Ila Saurabh Patel |
|
Designation : |
Director |
|
Address : |
Block CP1, Vrajdeep Apartment, Near Arundeep Race Course Circle,
Vadodara-390007, Gujarat, India |
|
Date of Birth/Age : |
12.06.1969 |
|
Date of Appointment : |
25.01.2001 |
|
Din No.: |
03294273 |
KEY EXECUTIVES
|
Name : |
Mr. Chirag |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Saurabh Dahyabhai Patel |
|
49750 |
|
Ila Saurabh Patel |
|
49750 |
|
Dahyabhai Naranbhai Patel |
|
100 |
|
Charuben Dahyabhai Patel |
|
100 |
|
Babubhai Ambalal Patel |
|
100 |
|
Kumudben Babubhai Patel |
|
100 |
|
Jay Kaushikkumar Trivedi |
|
100 |
|
|
|
|
|
TOTAL
|
|
100000 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the assembling and trading of varied electrical
items. |
GENERAL INFORMATION
|
Customers : |
·
Gujarat State Fertilizers and Chemicals Limited ·
ESTSIDE ·
Rhodia ·
PMC Bank ·
Essar ·
Matrix Telecom Security ·
Sterlite ·
Sun Pharmaceuticals Industries Limited ·
Polycab Wires and Cables ·
Transformers and Rectifier (India) Limited ·
Cheminova ·
Castrol ·
Hikal ·
IFFCO ·
BANCO |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
Information denied by the management. |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
Standard Chartered Bank, Ground Floor,
Abhijeet-II, Mithakali Six Road, Navrangpura, Ahmedabad-380009, Gujarat,
India ·
Kotak Mahindra Bank |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Yash Bhatt and Company Chartered Accountants |
|
Address : |
204-207, Parshwa Complex, Elloraprk, Subhanpura, Vadodara-390023,
Gujarat, India |
|
Tel No.: |
91-265-2392631 |
|
Mobile No.: |
91-9924388339 |
|
Email: |
|
|
PAN No: |
AHNPB1351K |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
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 |
|
1.000 |
1.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
2.926 |
0.061 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
3.926 |
1.061 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
29.955 |
13.208 |
|
|
2] Unsecured Loans |
|
26.157 |
16.199 |
|
|
TOTAL BORROWING |
|
56.112 |
29.407 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
60.038 |
30.468 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
4.341 |
2.216 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.022 |
0.020 |
|
|
DEFERREX TAX ASSETS |
|
0.009 |
0.009 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
35.341 |
14.849 |
|
|
Sundry Debtors |
|
41.808 |
20.440 |
|
|
Cash & Bank Balances |
|
7.802 |
6.795 |
|
|
Other Current Assets |
|
0.452 |
0.158 |
|
|
Loans & Advances |
|
2.150 |
1.033 |
|
Total
Current Assets |
|
87.553 |
43.275 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
30.334 |
14.298 |
|
|
Other Current Liabilities |
|
0.928 |
0.059 |
|
|
Provisions |
|
0.625 |
0.695 |
|
Total
Current Liabilities |
|
31.887 |
15.052 |
|
|
Net Current Assets |
|
55.666 |
28.223 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
60.038 |
30.468 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
163.485 |
16.957 |
|
|
|
Other Income |
|
1.395 |
0.212 |
|
|
|
TOTAL (A) |
|
164.880 |
17.169 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Stock in Trade |
|
158.085 |
16.803 |
|
|
|
Employee Benefit Expenses |
|
7.518 |
0.658 |
|
|
|
Other Expenses |
|
8.694 |
0.705 |
|
|
|
Changes in Inventories |
|
(20.491) |
(1.734) |
|
|
|
TOTAL (B) |
|
153.806 |
16.432 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
11.074 |
0.737 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
6.246 |
0.553 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
|
4.828 |
0.184 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.632 |
0.093 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
|
4.196 |
0.091 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
1.331 |
0.030 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
|
2.865 |
0.061 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
28.66 |
3.16 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
|
1.74 |
0.35 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
2.57 |
0.54 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
4.57 |
0.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
1.07 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
22.41 |
41.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
2.75 |
2.87 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2012 (Rs. in millions) |
31.03.2011 (Rs. in millions) |
|
Sundry Creditors |
30.334 |
14.298 |
|
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 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 |
No |
|
18] |
Major customers |
Yes |
|
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 |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
OPERATIONS:
Since the Company
is in its initial stage of growth the time factor has its own role, however in
spite the said fact during the year, the company has increased its turnover as compare
to previous year and the achieved turnover is Rs. 164.880 Millions as compared
to Rs. 17.169 Millions of the previous year. In spite the turnover increased by
Rs. 147.710 Millions as compared to last year
PROSPECTS:
The directors are
optimistic about the Company’s future. The Company is making all efforts to
increase the sales by exploring new market regime and increasing cliental base.
Our products have started gaining acceptance and recognition by our clients and
expectation of increased volume and repeated volume are optimistic. Hence, the
Company hopes to achieve improvement in production, sales and ultimately
profitability of the Company in the current year as compare to last year.
CORPORATE INFORMATION:
Subject is
incorporated in India under the provisions of the Companies Act, 1956 on 25th
January, 2011 with Corporate Identity Number U3190GJ2011PTC063797 having its
registered office at B- 7 /8, Keiwal Shopping Centre, Old N. H. No. 8, GIDC
Estate, Ankleshwar-393002, Gujarat, India. The Company is incorporated by
conversion of the partnership business running in the name and style of “Techno
Sales Agency" since the year 1989. The Company is presently engaged in the
assembling and trading of varied electrical items.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10273270 |
|
Corporate
identity number of the company |
U31901GJ2011PTC063797 |
|
Name of the
company |
TECHNO
ELECTROMECH PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
B-7/8, Keiwal Shopping Centre, Old N.H. No. 8, GIDC Estate,
Ankleshwar-393002, Gujarat, India |
|
Type of charge |
Immovable
Property |
|
Particular of charge
holder |
Standard Chartered Bank, Ground Floor, Abhijeet-II, Mithakali Six
Road, Navrangpura, Ahmedabad-380009, Gujarat, India Email: sme.form8@sc.com |
|
Nature of description
of the instrument creating or modifying the charge |
Supplemental
agreement (enhancement of charge by memorandum of entry dated 13.10.2011 |
|
Date of
instrument Creating the charge |
13.10.2011 |
|
Amount secured by
the charge |
Rs.60.000 Millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As Agreed by and
with the bank from time to time Terms of Repayment As Agreed by and
with the bank from time to time Margin As Applicable if
any, Extent and Operation of the charge First Exclusive
Charge on Securities for Rs.60.000 Millions. |
|
Short particulars
of the property charged |
All that Office
No.206 adm.510 sq.mts. on 2nd floor in the scheme Monalisa Complex constructed
on R.S.No.459 Paiki, Vibhag B/4,City Survey No.273 to 279, adm. 820.79 sq.mts
Sayajiganj, Vadodara District All that Shop No.
B/5 adm 17.72 Sq.mts and Shop No.B/6
adm.17.72 sq.mts in the scheme Keval Shopping Centre constructed on Sub Plot
No.7,8,9 and 10 constructed on R.S. no.503/2-A of Ankleshwer , Bharuch |
|
Date of latest
modification prior to the present modification |
21.07.2011 |
|
Particulars of
the present modification |
By Present Modification,
the existing charge of Rs.60.000 Millions now secured against the Additional
Security of Immoveable property. |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Equipments
·
Furniture and Fixtures
·
Vehicles
·
Office Equipments
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.54.85 |
|
|
1 |
Rs.88.16 |
|
Euro |
1 |
Rs.71.54 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
TOTAL |
|
32 |
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.