1. Summary
Information
|
|
|
Country |
|
|
Company Name |
KELVIN PLASTIC PRIVATE LIMITED |
Principal Name 1 |
Mr. Ashwinbhai Pravinbhai Dhol |
|
Status |
Moderate |
Principal Name 2 |
Mr. Praful Vallabhbhai Panara |
|
|
|
Registration # |
04-021518 |
|
Street Address |
Plot No. 8 and 9, Survey No. 160/2, SIDC Road, Village Veraval, Taluka Kotda, Sangani, Rajkot – 360024, Gujarat |
||
|
Established Date |
09.03.1994 |
SIC Code |
-- |
|
Telephone# |
91-2827-252693 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-2827-253008 |
Business Style 2 |
-- |
|
Homepage |
www.kelvinpipe.com |
Product Name 1 |
HDPE
Pipes |
|
# of employees |
Not Available |
Product Name 2 |
HDPE
Fittings |
|
Paid up capital |
Rs. 15,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors - 100% |
Banking |
Bank of India |
|
Public Limited Corp. |
No |
Business Period |
19 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ca (15) |
|
Related Company |
|||
|
Relation -- |
Country |
Company Name |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
57,127,000 |
Current Liabilities |
17,612,000 |
|
Inventories |
56,334,000 |
Long-term Liabilities |
192,935,000 |
|
Fixed Assets |
96,090,000 |
Other Liabilities |
4,681,000 |
|
Deferred Assets |
7,001,000 |
Total Liabilities |
215,228,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
0,000 |
|
|
|
Net Worth |
1,324,000 |
|
Total Assets |
216,552,000 |
Total Liab. & Equity |
216,552,000 |
|
Total Assets (Previous Year) |
188,045,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales (Total Income) |
296,812,000 |
Net Profit |
(17,173,000) |
|
Sales(Previous yr) |
200,392,000 |
Net Profit(Prev.yr) |
90,000 |
MIRA
INFORM REPORT
|
Report Date : |
12.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
KELVIN PLASTIC PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 8 and 9, Survey No. 160/2, SIDC Road, Village Veraval, Taluka Kotda, Sangani, Rajkot – 360024, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
09.03.1994 |
|
|
|
|
Com. Reg. No.: |
04-021518 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 15.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209GJ1994PTC021518 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RKTK00387C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK9008M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of HDPE Pipes and HDPE Fittings. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (15) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There
appear huge accumulated losses recorded by the company. However, trade
relations are reported as fair. Business is active. Payments are reported to
be slow. The company can be considered for business dealings on a secured 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
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.
LOCATIONS
|
Registered Office/ Factory 1 : |
Plot No. 8 and 9, Survey No. 160/2, SIDC Road, Village Veraval, Taluka Kotda, Sangani, Rajkot – 360024, Gujarat, India |
|
Tel. No.: |
91-2827-252693 |
|
Fax No.: |
91-2827-253008 |
|
E-Mail : |
|
|
Website : |
www.kelvinpipe.com |
|
|
|
|
Factory 2 : |
Survey No. 108 - P,
Near Toll, Plaza, At Bhunava Village, Rajkot Gondal Highway, Rajkot - 360311,
Gujarat, India |
|
Tel. No.: |
91-2827-270494 |
|
Fax No.: |
91-2827-253008 |
|
E-Mail : |
|
|
|
|
|
Factory 3 : |
Survey No. 160/2,
Plot No. 7, 8 and 9, SIDC
Road, Near, Swaminarayan Temple, District A. T. Veraval Shapar - 360005,
Gujarat, India |
|
Tel. No.: |
91-2827-252693 |
|
Fax No.: |
91-2827-252493 |
|
E-Mail : |
DIRECTORS
AS ON 19.09.2012
|
Name : |
Mr. Ashwinbhai Pravinbhai Dhol |
|
Designation : |
Director |
|
Address : |
801, Samarpan Apartment, Behind Gayatri Mandir, Rajkot – 360005,
Gujarat, India |
|
Date of Appointment : |
18.08.1994 |
|
DIN No.: |
00619992 |
|
|
|
|
Name : |
Mr. Praful Vallabhbhai Panara |
|
Designation : |
Director |
|
Address : |
301, Labh Residency, B/h Gayatri Temple Bus Stop, Kalawad Road, Rajkot
– 360005, Gujarat, India |
|
Date of Appointment : |
02.10.1995 |
|
DIN No.: |
00620072 |
|
|
|
|
Name : |
Mr. Bipin Jamnadas Dadhania |
|
Designation : |
Director |
|
Address : |
901, Anmol Apartment, 1 Jalaram, University Road, Rajkot – 360007,
Gujarat, India |
|
Date of Birth/Age : |
26.07.1960 |
|
Date of Appointment : |
01.04.2009 |
|
DIN No.: |
00622043 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 19.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Bipin Jamnadas Dadhania |
|
285000 |
|
Neeta Bipin Dadhania |
|
22800 |
|
Geeta Hareshbhai Dadhania |
|
237500 |
|
Hareshbhai Dadhania |
|
309700 |
|
Ashwin Pravinbhai Dadhania |
|
106500 |
|
Parul Ashwinbhai Dhol |
|
28500 |
|
Heena Pravinbhai Patel |
|
32500 |
|
Pravin Gordhanbhai Patel |
|
23750 |
|
Praful Vallabhdas Panara |
|
180600 |
|
Preeti Prafulbhai Panara |
|
24700 |
|
Rajesh Vallabhbhai Kothadia |
|
105000 |
|
Jagdish V. Panara |
|
94700 |
|
Meeta Rajeshbhai Kotadiya |
|
30000 |
|
Denish Nanjibhai Desai |
|
18750 |
|
|
|
|
|
Total |
|
1500000 |
AS ON 19.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of HDPE Pipes and HDPE Fittings. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
Bank of India, Rajkot Corporate Banking Branch, 1st Floor, Bank of India Building, Para Bazar, Rajkot - 360001, Gujarat, India |
||||||||||||||||||
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|
|
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|
Facilities : |
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. K. Jha and Company Chartered Accountants |
|
Address : |
204 Iskon Plaza, Satellite Road, Satellite, Ahmedabad –
380015, Gujarat, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ABBFS6422J |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 15.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
[Consolidated] |
|
||
|
1] Share Capital |
15.000 |
15.000 |
1.200 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
3.497 |
13.607 |
|
|
4] (Accumulated Losses) |
(13.676) |
0.000 |
0.000 |
|
|
NETWORTH |
1.324 |
18.497 |
14.807 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
100.935 |
87.262 |
15.616 |
|
|
2] Unsecured Loans |
92.000 |
56.651 |
35.734 |
|
|
TOTAL BORROWING |
192.935 |
143.913 |
51.350 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.665 |
0.579 |
|
|
|
|
|
|
|
|
TOTAL |
194.259 |
163.075 |
66.736 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
96.090 |
41.691 |
34.129 |
|
|
Capital work-in-progress |
0.000 |
53.365 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
7.001 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
56.334
|
37.923 |
16.746
|
|
|
Sundry Debtors |
30.236
|
29.267 |
9.936
|
|
|
Cash & Bank Balances |
2.549
|
3.048 |
9.223
|
|
|
Other Current Assets |
24.342
|
22.405 |
0.460
|
|
|
Loans & Advances |
0.000
|
0.346 |
13.639
|
|
Total
Current Assets |
113.461
|
92.989 |
50.004
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1.216
|
7.534 |
10.543
|
|
|
Other Current Liabilities |
16.396
|
17.394 |
5.114
|
|
|
Provisions |
4.681
|
0.042 |
1.745
|
|
Total
Current Liabilities |
22.293
|
24.970 |
17.402
|
|
|
Net Current Assets |
91.168
|
68.019 |
32.602
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.005 |
|
|
|
|
|
|
|
|
TOTAL |
194.259 |
163.075 |
66.736 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
296.812 |
200.392 |
218.255 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials |
|
|
|
|
|
|
Manufacturing Expenses |
|
|
|
|
|
|
Employees Remuneration |
|
|
|
|
|
|
Increase/(Decrease) in Finished Goods |
|
|
|
|
|
|
Selling and Distribution Expenses |
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
289.012 |
189.312 |
205.503 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
7.800 |
11.080 |
12.752 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
21.405 |
8.944 |
5.948 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(13.605) |
2.136 |
6.804 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
11.234 |
1.959 |
1.486 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(24.839) |
0.177 |
5.318 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(7.666) |
0.087 |
1.720 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(17.173) |
0.090 |
3.598 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(11.45) |
0.06 |
29.98 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(5.79)
|
0.04 |
1.65 |
|
\ |
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(11.85)
|
0.13 |
6.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(18.76)
|
0.01 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
145.72
|
7.78 |
3.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.09
|
3.72 |
2.87 |
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 |
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 |
No |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
From Directors |
7.362 |
12.212 |
|
From Shareholders and Directors' Relatives |
84.638 |
44.439 |
|
Total |
92.000 |
56.651 |
OPERATION AND
PROSPECTS:
During the financial
year covered under audit, the Company has achieved Sales and Other Income of
Rs. 296.812 Millions. The Company has incurred Loss after Depreciation and
Interest of Rs. 24.839 Millions. The directors have planned to improve the
operation more efficiently in terms of profit in the coming year. The prospects
for the Company’s business are bright and positive.
FIXED ASSETS:
Ø Land
Ø Land Purchase – Bhunava
Ø Shed
Ø Borewell
Ø Factory Building
Ø Plant and Machinery
Ø Dies
Ø Electrification
Ø Laboratory Instrument
Ø Weighing Scale Machine
Ø Computer
Ø Calculator
Ø Furniture
Ø EPBX
Ø Fax Machine
Ø Telephone Instrument
Ø Mobile Instrument
Ø Office Equipments
Ø Printer Machine
Ø Xerox Machine
Ø Vehicles
Ø Water Cooler
Ø Cycle
Ø Air Conditioner
Ø Factory Building
Ø Electrification
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. 54.34 |
|
|
1 |
Rs. 80.90 |
|
Euro |
1 |
Rs. 70.73 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
-- |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
15 |
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.