MIRA INFORM REPORT
|
Report Date : |
05.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
TAJIR PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Adie Mansion, 334, Maulana Shaukat Ali Road, Mumbai – 400007, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
20.06.1950 |
|
|
|
|
Com. Reg. No.: |
11-008129 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 7.926
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109MH1950PTC008129 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMTO9552E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT1959Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Distributor and Importer of Food Items. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 174000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an old, small and medium sized company having a
satisfactory track record. The company is progressing steadily. Trade relations are reported as decent. Business is active. Payments are
reported to be usually correct and as per commitments. The company can be 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.
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
MANAGEMENT NON-COOPERATIVE [91-22-23010446]
LOCATIONS
|
Registered Office : |
Adie Mansion, 334, Maulana Shaukat Ali Road, Mumbai – 400007,
Maharashtra, India |
|
Tel. No.: |
91-22-23010446/ 23090244/ 23086077/ 23078776 |
|
Fax No.: |
91-22-23078761 |
|
E-Mail : |
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|
Website : |
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|
Location : |
Owned |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Yusuf Gulamally |
|
Designation : |
Director |
|
Address : |
184, Mehr DRD Cuffe Parade, Colaba, Mumbai – 400005, Maharashtra,
India |
|
Date of Birth/Age : |
07.03.1940 |
|
Date of Appointment : |
01.04.2007 |
|
DIN No.: |
00023671 |
|
|
|
|
Name : |
Mr. Mufaddal Yusuf |
|
Designation : |
Director |
|
Address : |
Adie Mansion 334, Maulana Shaukat Ali Road, Mumbai – 400007,
Maharashtra, India |
|
Date of Birth/Age : |
26.10.1976 |
|
Date of Appointment : |
01.04.2007 |
|
DIN No.: |
00023687 |
|
|
|
|
Name : |
Mr. Ali Asger Yusuf |
|
Designation : |
Director |
|
Address : |
Adie Mansion 334, Maulana Shaukat Ali Road, Mumbai – 400007,
Maharashtra, India |
|
Date of Birth/Age : |
16.12.1974 |
|
Date of Appointment : |
01.04.2007 |
|
DIN No.: |
00023697 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Ali Asger Yusuf jointly with Yusuf Gulamally |
|
124808 |
|
Dilshad Yusuf jointly with Yusuf Gulamally |
|
147297 |
|
|
|
28 |
|
Mufaddal Yusuf jointly with Dilshad Yusuf |
|
132060 |
|
R.S. Abidali jointly with Dilshad Yusuf |
|
3076 |
|
Yusuf Gulamally jointly with Ali Asger Yusuf |
|
50000 |
|
Yusuf Gullamally jointly with Dilshad Yusuf |
|
244232 |
|
Yusuf Gullamally jointly with Mufaddal Yusuf |
|
50000 |
|
Kanhaiyalal Kathotia (HUF) |
|
5 |
|
Ali Asger Yusuf jointly with Mufaddal Yusuf |
|
148600 |
|
Mufaddal Yusuf jointly with Ali Asger Yusuf |
|
150380 |
|
Aliasger Kalimuddin |
|
17 |
|
Faisal A. Merchant |
|
5 |
|
Husna A. Merchant |
|
100 |
|
|
|
|
|
Total |
|
1050608 |
AS ON 16.05.2013
|
Names of Allottees |
|
No. of Shares |
|
Ali Asger Yusuf jointly with Mufaddal Yusuf |
|
8279 |
|
Mufaddal Yusuf jointly with Ali Asger Yusuf |
|
8295 |
|
Moise Issoufali |
|
10 |
|
|
|
|
|
Total |
|
16584 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor and Importer of Food Items. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|
|
|
|
Bankers : |
HDFC Bank Limited, |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Lakhani and Company Chartered Accountants |
|
Address : |
Hemsharsaka, 19 Gola Lane, Behind Badri Mahal, Fort, Mumbai – 400001,
Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFL1302L |
|
|
|
|
Entities
over which Key Management Personnel having significant control and Influence
: |
Champion Tea Mart |
CAPITAL STRUCTURE
AFTER 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,067,192 |
Equity Shares |
Rs. 10/- each |
Rs. 10.672
Millions |
|
|
|
|
|
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,250,000 |
Equity Shares |
Rs. 10/- each |
Rs. 12.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
792,608 |
Equity Shares |
Rs. 10/- each |
Rs. 7.926
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
7.926 |
7.926 |
|
(b) Reserves & Surplus |
|
33.029 |
22.958 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
2.580 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
43.535 |
30.884 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
17.190 |
9.875 |
|
(b)
Trade payables |
|
21.544 |
18.905 |
|
(c)
Other current liabilities |
|
7.436 |
3.924 |
|
(d)
Short-term provisions |
|
0.639 |
0.143 |
|
Total
Current Liabilities (4) |
|
46.809 |
32.847 |
|
|
|
|
|
|
TOTAL |
|
90.344 |
63.731 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
18.661 |
20.795 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.695 |
0.484 |
|
(c) Deferred tax assets
(net) |
|
0.585 |
0.268 |
|
(d) Long-term Loan
and Advances |
|
4.225 |
2.727 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
24.166 |
24.274 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
41.772 |
21.731 |
|
(c)
Trade receivables |
|
13.834 |
15.499 |
|
(d)
Cash and cash equivalents |
|
6.683 |
0.860 |
|
(e)
Short-term loans and advances |
|
3.889 |
1.367 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
66.178 |
39.457 |
|
|
|
|
|
|
TOTAL |
|
90.344 |
63.731 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
7.926 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
14.630 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
22.556 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
3.400 |
|
|
TOTAL BORROWING |
|
|
3.400 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
25.956 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
12.811 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.001 |
|
|
DEFERRED TAX ASSETS |
|
|
0.168 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
5.156
|
|
|
Sundry Debtors |
|
|
5.021
|
|
|
Cash & Bank Balances |
|
|
9.549
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
2.076
|
|
Total
Current Assets |
|
|
21.802 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
6.292 |
|
|
Other Current Liabilities |
|
|
2.131
|
|
|
Provisions |
|
|
0.403
|
|
Total
Current Liabilities |
|
|
8.826 |
|
|
Net Current Assets |
|
|
12.976
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
25.956 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
243.499 |
114.405 |
65.804 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
224.614 |
98.594 |
59.540 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
18.885 |
15.811 |
6.264 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.144 |
2.291 |
0.821 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
15.741 |
13.520 |
5.443 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
5.275 |
4.777 |
1.768 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
10.466 |
8.743 |
3.675 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
14.911 |
6.168 |
2.493 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
25.377 |
14.911 |
6.168 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Commission Received |
16.368 |
14.556 |
11.474 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
199.464 |
82.737 |
30.333 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
13.21 |
11.03 |
4.87 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.30
|
7.64 |
5.58 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.67
|
21.47 |
15.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.36
|
0.44 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.39
|
0.32 |
0.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.41
|
1.20 |
2.47 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
Trade Payables |
21.544 |
18.905 |
6.292 |
|
|
|
|
|
|
Foot Note: As per available with company, no party has intimated the Company about its status as Micro or Small enterprises or its registration with the appropriate authority under the Micro, Small and Medium Enterprises Development Act, 2006. |
|||
|
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 |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
No |
|
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 LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
SHORT TERM
BORROWINGS |
|
|
|
Loans repayment on
demand |
|
|
|
From Related
Parties |
|
|
|
From Directors |
11.150 |
4.875 |
|
From Shareholders |
6.040 |
5.000 |
|
Total |
17.190 |
9.875 |
OPERATIONS AND FUTURE PROSPECTS
The Company has reported total turnover, including other
income, of Rs.243.499 Millions as compared to the last year's turnover of Rs.
114.404 Millions, which has an increase of 112.84 % over the last year's
turnover.
The Company has earned a net Profit of Rs. 10.466 Millions as
compared to the last year's net profit of Rs.8.743 Millions after providing for
depreciation, taxes and for deferred taxes.
FIXED ASSETS:
Ø Air Conditioners
Ø Computers
Ø Electric Installations
Ø Furniture and Fixtures
Ø Plant and Machinery
Ø Office Equipment
Ø Motor Car
Ø Property
Ø Equipment-Peripherals
Ø Equipment-Screen/DVD etc
Ø Audio Equipments
Ø Computers- Laptop
Ø Leasehold-Improvement (Dongri)
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. 60.10 |
|
|
1 |
Rs. 91.07 |
|
Euro |
1 |
Rs. 77.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
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 |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.