MIRA
INFORM REPORT
|
Report Date : |
26.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
L COMPS AND IMPEX PRIVATE LIMITED |
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Formerly Known
As : |
L-CON COMPONENTS PRIVATE LIMITED |
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Registered
Office : |
182/63, Industrial Area, Phase I, Union Territory, Chandigarh – 160 002 |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
31.10.1979 |
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Com. Reg. No.: |
05-004067 |
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Capital
Investment / Paid-up Capital : |
Rs.10.000 millions |
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CIN No.: [Company Identification
No.] |
U31200CH1979PTC004067 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PTLL10326B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trading in FMCG Products like Cheese, Juices, Yoghurt and Ice Creams. |
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No. of Employees
: |
Approximately 40 (In Office 30 and In Branches 10) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 351000 |
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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 a satisfactory track record. 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. |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very
High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating: BB- |
|
Rating Explanation |
Having moderate risk of default regarding timely servicing of
financial obligation. |
|
Date |
June 01, 2012 |
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.
LOCATIONS
|
Registered Office/ Head Office : |
182/63, Industrial Area, Phase I, |
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Tel. No.: |
91-172-2650026/ 2640573 |
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Fax No.: |
91-172-2653861 |
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E-Mail : |
garg_ca@hotmail.com |
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Website : |
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Area : |
2500 sq. yds. |
|
Location : |
Owned |
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Mumbai Office : |
14, Paper Box House, Industrial Estate, Mahakali Caves Road,
Andheri (East), |
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Tel. No.: |
91-22-24914073 |
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Delhi Office : |
809-A, 8th Floor, International Trade Tower,
Nehru Place, New Delhi. – 110 019, India
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Tel. No.: |
91-11-26811108/ 26364632/
26420044/ 26287003/ 26287004 |
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Bangalore
Office : |
No.5, Chamundi Krupa, 2nd Floor, 4th
Main, 9th Cross, Malawian, Bangalore – 560 003, Karnataka, India |
|
Tel. No.: |
91-80-32001919 |
DIRECTORS
AS ON 27.09.2012
|
Name : |
Mr. Puneet Sat Prakash Gupta |
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Designation : |
Director |
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Address : |
# 610, Sector 18-B, Chandigarh – 160 018, India |
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Date of Birth/Age : |
31.08.1971 |
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Date of Appointment : |
05.04.1993 |
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DIN No.: |
00210806 |
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Other
Directorship:
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Name : |
Mr. Sanjay Darshan Kumar Singla |
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Designation : |
Director |
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Address : |
House No.1229, Sector 18C, Chandigarh – 160 020, India |
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Date of Birth/Age : |
17.12.1971 |
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Date of Appointment : |
31.07.2009 |
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DIN No.: |
02319860 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Puneet Gupta |
|
65200 |
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Sat Prakash Gupta |
|
500 |
|
Rattan Prabha |
|
500 |
|
Akansha Gupta |
|
33800 |
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Total |
|
100000 |
AS ON 27.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
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|
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Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading in FMCG Products like Cheese, Juices, Yoghurt and Ice Creams. |
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Products : |
· Food and Beverages · Food Processing Equipment · Confectionery · Branded FMCG Products · Cheese · Meet Products |
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Brand Names : |
·
"Ceres"
Fruit Juices from South Africa ·
“Hero”
Jams from Switzerland ·
“Pascual”
Yogurts from Spain ·
“Conagra”
Foods from USA ·
“Keebler”
Cookies from USA ·
“Swisher”
Cigars from USA ·
“Zara”
Pastas ·
Cheese
from “Lactalis” France, “Frico” Holland, “Somerdale” UK, “Brazalle” Italy ·
“Remia” ·
“Lee
Kum Kee Sauces” ·
“General
Mills” ·
"Acorsca
Olives" |
GENERAL INFORMATION
|
No. of Employees : |
Approximately 40 (In Office 30 and In Branches 10) |
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Bankers : |
· State Bank of India, Industrial Area, Phase - I, Chandigarh – 160 002, Punjab, India · Kotak Mahindra Bank Limited · HDFC Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Garg Sanjeev and Associates Chartered Accountants |
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Address : |
Quiet Office No.15, IInd Floor, Sector 35-A, Chandigarh – 160 035,
India |
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Tel. No.: |
91-172-2607931 |
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PAN No.: |
AAVFS8061J |
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Enterprise over which key Managerial personnel
are able to exercise significant influence : |
·
Intel Gas Gadgets Private Limited ·
Intel Gasgards Private Limited ·
Essen Engg and Exim Private Limited |
CAPITAL STRUCTURE
AS ON 27.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 millions |
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|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 millions |
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|
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FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
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|
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(1) Shareholders' Funds |
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|
|
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(a) Share Capital |
|
10.000 |
0.500 |
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(b) Reserves & Surplus |
|
67.777 |
66.666 |
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(c) Money received against share warrants |
|
0.000 |
0.000 |
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(2) Share Application money pending allotment |
|
10.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
|
87.777 |
67.166 |
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(3) Non-Current
Liabilities |
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|
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(a) Long-term borrowings |
|
15.401 |
13.377 |
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(b) Deferred tax liabilities (Net) |
|
0.071 |
3.487 |
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(c) Other long
term liabilities |
|
0.000 |
0.000 |
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(d) Long-term
provisions |
|
0.375 |
0.000 |
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Total Non-current
Liabilities (3) |
|
15.847 |
16.864 |
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(4) Current Liabilities |
|
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(a)
Short term borrowings |
|
42.086 |
37.038 |
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(b)
Trade payables |
|
32.133 |
69.285 |
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(c) Other
current liabilities |
|
90.806 |
11.265 |
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(d) Short-term
provisions |
|
6.493 |
5.046 |
|
Total Current
Liabilities (4) |
|
171.518 |
122.634 |
|
|
|
|
|
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TOTAL |
|
275.142 |
206.664 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
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(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
34.039 |
30.776 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
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(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
5.992 |
3.421 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.721 |
0.481 |
|
(e) Other
Non-current assets |
|
0.123 |
0.073 |
|
Total Non-Current
Assets |
|
40.875 |
34.751 |
|
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|
|
|
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(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
100.869 |
40.221 |
|
(c)
Trade receivables |
|
65.882 |
70.228 |
|
(d) Cash
and cash equivalents |
|
4.451 |
5.576 |
|
(e)
Short-term loans and advances |
|
48.805 |
48.193 |
|
(f)
Other current assets |
|
14.260 |
7.695 |
|
Total
Current Assets |
|
234.267 |
171.913 |
|
|
|
|
|
|
TOTAL |
|
275.142 |
206.664 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
59.326 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
59.826 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
34.881 |
|
|
2] Unsecured Loans |
|
|
10.819 |
|
|
TOTAL BORROWING |
|
|
45.700 |
|
|
DEFERRED TAX LIABILITIES |
|
|
3.521 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
109.047 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
28.793 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
7.003 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
30.814 |
|
|
Sundry Debtors |
|
|
69.182 |
|
|
Cash & Bank Balances |
|
|
7.418 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
23.533 |
|
Total
Current Assets |
|
|
130.947 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
50.129 |
|
|
Other Current Liabilities |
|
|
5.887 |
|
|
Provisions |
|
|
1.680 |
|
Total
Current Liabilities |
|
|
57.696 |
|
|
Net Current Assets |
|
|
73.251 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
109.047 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
366.938 |
304.560 |
223.880 |
|
|
|
Other Income |
3.037 |
1.171 |
0.244 |
|
|
|
TOTAL (A) |
369.975 |
305.731 |
224.124 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
301.998 |
236.543 |
213.504 |
|
|
|
Employee benefit expense |
12.931 |
11.832 |
|
|
|
|
Other expenses |
31.850 |
40.274 |
|
|
|
|
TOTAL (B) |
346.779 |
288.649 |
213.504 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
23.196 |
17.082 |
10.620 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.757 |
5.522 |
4.931 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
14.439 |
11.560 |
5.689 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
1.505 |
1.213 |
0.731 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
12.934 |
10.347 |
4.958 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.084 |
2.965 |
4.871 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) AFTER
TAX (G-H) (I) |
11.850 |
7.382 |
0.087 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
34.223 |
26.882 |
26.795 |
|
|
|
|
|
|
|
|
|
Less |
Bonus Shares Issued |
9.500 |
0.000 |
0.000 |
|
|
Less |
Loss From Partnership Firm |
0.000 |
0.037 |
0.000 |
|
|
Less |
Provision for Gratuity |
0.375 |
0.000 |
0.000 |
|
|
Less |
Income Tax For Earlier Years |
0.864 |
0.004 |
0.000 |
|
|
Add |
Transferred from Revaluation Reserve |
8.150 |
0.000 |
0.000 |
|
|
|
BALANCE CARRIED
TO THE B/S |
43.484 |
34.223 |
26.882 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
11.85 |
1476.33 |
655.60 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.20 |
2.41
|
0.04
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.52 |
3.40
|
2.21
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.81 |
5.09
|
3.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.15
|
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.65 |
0.75
|
0.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.37 |
1.40
|
2.27 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
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 |
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 |
Yes |
|
Unsecured Loans |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
From Directors and Shareholders |
0.287 |
0.429 |
|
From Corporate Bodies |
14.916 |
9.724 |
|
Total
|
15.203 |
10.153 |
PERFORMANCE:
The working of the
Company has resulted into a net profit of Rs.12.934 millions after providing
the depreciation of Rs.1.505 millions. The share of Profit/ (Loss) from partnership
firm amounted to Rs.0.000. The Net profit after tax of Rs.11.850 millions has
been added to brought forward profits and total profit has been transferred to
Balance Sheet.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90182912 |
10/12/2012 * |
149,000,000.00 |
State Bank of
India |
SME, IE,
Phase-1, Chandigarh, Chandigarh - 160010, India |
B68976224 |
|
2 |
90180415 |
20/06/2001 |
10,100,000.00 |
State Bank of
India |
Industrial
Estate Phase-I, Chandigarh, |
- |
|
3 |
90180401 |
09/04/2001 |
8,750,000.00 |
State Bank of
India |
Industrial
Estate Phase-I, Chandigarh, |
- |
|
4 |
90182706 |
05/04/2000 |
7,280,000.00 |
State Bank of
India |
Industrial
Estate Phase-I, Chandigarh, |
- |
* Date of charge modification
FIXED ASSETS:
·
Agricultural Land
·
Air Conditioner
·
Building
·
Car
·
Computer
·
Electric Equipment and Installation
·
Freezer at Pune
·
Furniture and Fixture
·
Machinery
·
Office Equipment
·
Scooter
·
Truck, Tanks and Trailers
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.58.94 |
|
|
1 |
Rs.90.47 |
|
Euro |
1 |
Rs.77.87 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
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 |
|
45 |
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.