MIRA
INFORM REPORT
|
Report Date : |
24.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
TULSI RAM GAYA PRASAD PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Village Babusari, Post – Mahrajganj, Bhadohi – 221314, Uttar Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
31.03.1992 |
|
|
|
|
Com. Reg. No.: |
20-014253 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.7.623 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17222UP1993PTC014253 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Woollen Carpets, Rugs, Druggets and
Cotton Durries. |
|
|
|
|
No. of Employees
: |
Not Available |
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 465400 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. There appear substantial increases in the sales turnover as well as
net profitability during 2012. There are no external borrowings recorded. Trade relations are fair. Business is active. Payments terms are
reported as usually correct. The company can be considered 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.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 : |
Village Babusari, Post – Mahrajganj, Bhadohi – 221314, Uttar Pradesh,
India |
|
Tel. No.: |
91-5414-262280 |
|
Fax No.: |
91-5414-236504 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Ganesh Ji Baranwal |
|
Designation : |
Director |
|
Address : |
Babusarai, Maharjganj, Sant Ravidas Nagar, Bhadohi – 221314, Uttar
Pradesh, India |
|
Date of Birth/Age : |
01.03.1960 |
|
Date of Appointment : |
31.03.1992 |
|
DIN No.: |
00831130 |
|
|
|
|
Name : |
Mr. Anil Kumar Baranwal |
|
Designation : |
Director |
|
Address : |
Babusarai, Maharjganj, Sant Ravidas Nagar, Bhadohi – 221314, Uttar
Pradesh, India |
|
Date of Birth/Age : |
05.05.1951 |
|
Date of Appointment : |
31.03.1992 |
|
DIN No.: |
00831143 |
|
|
|
|
Name : |
Mr. Maheshji Baranwal |
|
Designation : |
Managing Director |
|
Address : |
Babusarai, Maharjganj, Sant Ravidas Nagar, Bhadohi – 221314, Uttar
Pradesh, India |
|
Date of Birth/Age : |
01.03.1960 |
|
Date of Appointment : |
31.03.1992 |
|
DIN No.: |
00831517 |
|
|
|
|
Name : |
Ms. Sadhana Baranwal |
|
Designation : |
Director |
|
Address : |
Babusarai, Maharjganj, Sant Ravidas Nagar, Bhadohi – 221314, Uttar
Pradesh, India |
|
Date of Birth/Age : |
20.07.1967 |
|
Date of Appointment : |
31.03.1992 |
|
DIN No.: |
00831526 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Anil Kumar Baranwal |
15939 |
|
Gaya Prasad Baranwal |
23900 |
|
Mahesh Ji Baranwal |
15600 |
|
Ganesh Ji Baranwal |
8600 |
|
Sadhana Baranwal |
5200 |
|
Lilawati Baranwal |
5000 |
|
Madhuri Devi Baranwal |
2000 |
|
|
|
|
Total |
76239 |
As on: 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Woollen Carpets, Rugs, Druggets and Cotton
Durries |
PRODUCTION STATUS AS ON (31.03.2012)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Carpet |
Sq. Mtr. |
NA |
NA |
0.013 |
|
Druggets |
Sq. Mtr. |
NA |
NA |
0.058 |
GENERAL INFORMATION
|
Suppliers : |
·
All India Carpet Manufacturers Associations ·
Amar Transport Corporation, Aurai ·
Asiad Stationary Suppliers, Bhadohi ·
Atlantic Clearing and Forwarding, Bhadohi ·
Delta Air Logistics, Bhadohi ·
DHL Express India Private India, Mumbai ·
First Flight Couriers Limited, Gopiganj ·
Freightlog Forwarers Private Limited ·
GAC Shipping India Private Limited ·
Hi Tech Packaging Industries, New Delhi ·
Indo Globe Shipping Services Private Limited,
Mumbai ·
K.S. Mishra and Associates ·
AL Tayyar Establishment, Arbia ·
Anoop Packways, Madhosingh ·
A.S.Woollen lndustrie Bhadohi ·
Baranwal Carlpet Manufacturing Company Babusarai ·
Bhagwati Tradding Company Bhadohi ·
Bindraban Ramgopal Mizapur ·
Kamal Industries, Bhadohi ·
Kawa Udyog , Varanasi ·
Kothari Woollen Private Limited, Bhadohi ·
Kritika Creations Bhadohi ·
Lovely Trading Company, Bhadohi ·
Modern Wool Trade, Madhosingh ·
Munir Corporation Pakistan ·
Rupin Textile Private Limited Bhadohi ·
Shree Wool Trading Company Bhadohi ·
ABC ltalia Surl, Somaglia ·
Berry Mills Private Limited New Delhi ·
Silicara Larain, USA ·
Vikash Tradinng Company Babusarai |
|
|
|
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
·
HDFC Bank Limited ·
Punjab National Bank, New Delhi, India ·
State Bank of India, Mumbai, Maharashtra, India ·
UCO Bank, Bhadohi, Uttar Pradesh, India |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K.S. Mishra and Associates Chartered Accountants |
|
Address : |
D-64/95-A, Chandrika Colony, Madhopur, Sigra, Varanasi – 221010, Uttar
Pradesh, India |
|
Tel. No.: |
91-542-2222762 |
|
PAN No. : |
AFTPB0940G |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
76239 |
Equity Shares |
Rs.100/- each |
Rs.7.623 Millions |
|
|
|
|
|
Details of share holding more than 5% shares in the company
|
Name of the
shareholder |
No. of Shares |
% of holding in the class |
|
Anil Kumar
Baranwal |
15939 |
20.91 |
|
Arun Kumar
Baranwal |
13000 |
17.05 |
|
Mahesh Ji Baranwal |
12000 |
15.74 |
|
Anurag Baranwal |
7950 |
10.43 |
|
Vikash Baranwal |
7950 |
10.43 |
|
Others |
19400 |
25.45 |
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 |
|
7.624 |
7.624 |
|
(b) Reserves & Surplus |
|
108.743 |
100.963 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
|
|
|
|
|
(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 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
19.841 |
6.791 |
|
(c) Other current
liabilities |
|
16.612 |
19.073 |
|
(d) Short-term provisions |
|
3.727 |
2.807 |
|
TOTAL |
|
156.547 |
137.258 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
25.987 |
26.169 |
|
(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 |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
1.071 |
1.012 |
|
(d) Long-term Loan and Advances |
|
0.074 |
0.074 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
9.807 |
11.630 |
|
(c) Trade receivables |
|
99.586 |
90.204 |
|
(d) Cash and cash
equivalents |
|
12.722 |
0.737 |
|
(e) Short-term loans and
advances |
|
7.300 |
7.432 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
TOTAL |
|
156.547 |
137.258 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
7.623 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
94.832 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
102.455 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.583 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.583 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
103.038 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
26.428 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.954 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
6.921 |
|
|
Sundry Debtors |
|
|
76.700 |
|
|
Cash & Bank Balances |
|
|
3.113 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
13.331 |
|
Total
Current Assets |
|
|
100.065 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
22.508 |
|
|
Other Current Liabilities |
|
|
0.442 |
|
|
Provisions |
|
|
1.459 |
|
Total
Current Liabilities |
|
|
24.409 |
|
|
Net Current Assets |
|
|
75.656 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
103.038 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
303.806 |
271.350 |
169.076 |
|
|
|
Other Income |
9.414 |
8.244 |
NA |
|
|
|
TOTAL (A) |
313.220 |
279.594 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
176.460 |
169.144 |
|
|
|
|
Employee benefits expense |
63.103 |
30.012 |
|
|
|
|
Other expenses |
57.602 |
67.334 |
|
|
|
|
TOTAL (B) |
297.165 |
266.490 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
16.055 |
13.104 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.614 |
0.147 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
15.441 |
12.957 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.775 |
3.874 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
11.666 |
9.083 |
4.723 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.886 |
2.953 |
1.460 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
7.780 |
6.130 |
3.263 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
100.962 |
94.832 |
91.569 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
108.742 |
100.962 |
94.832 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
80.472 |
59.944 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
US$ 1.957 |
US$ 1.968 |
NA |
|
|
|
|
Euro 0.255 |
Euro 0.147 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
102.05 |
80.41 |
42.80 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.48
|
2.19 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.84
|
3.35 |
2.79 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.39
|
5.56 |
3.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.08 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.001 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.90
|
4.79 |
4.10 |
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 |
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 |
No |
|
17] |
Major
suppliers |
Yes |
|
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 |
FIXED ASSETS:
·
Land
·
Plant and Machinery
·
Motor Vehicles
·
Office Equipments
·
Furniture and Fixture
·
Computer system
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.59.35 |
|
|
1 |
Rs.92.11 |
|
Euro |
1 |
Rs.78.59 |
INFORMATION DETAILS
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.