MIRA INFORM REPORT
|
Report Date : |
04.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
YASHO INDUSTRIES PRIVATE LIMITED (w.e.f. 17.05.1996) |
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Formerly Known
As : |
VASU PRESERVATIVES PRIVATE LIMITED |
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Registered
Office : |
Nimish Apartment, Juhu Scheme, Road No.5, Vile Parle (East), Mumbai –
400056, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
30.10.1985 |
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Com. Reg. No.: |
11-037900 |
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Capital
Investment / Paid-up Capital : |
Rs.50.000 Millions |
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CIN No.: [Company Identification
No.] |
U74110MH1985PTC037900 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMY01459D/ MUMY01269C |
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PAN No.: [Permanent Account No.] |
AAACY0396G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of
Specialty and Fine Chemicals for Food, Fragrance, Flavors, Pharmaceuticals,
Plastic and Lubricants. |
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|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 440000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. There
appears some loss recorded by the company during 2012. The external borrowing
of the company seems to be huge which acts a threat to the company liquidity. However, trade relations are reported to be fair. Business is active.
Payments are slow but correct. The company can be considered for business dealings with some
caution. |
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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
BB+:- Cash Credit and Term Loan (under
Continuous Surveillance) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
October 10, 2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
P4+:- Bank Guarantee (under Continuous
Surveillance) |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
October 10, 2012 |
* Reason for rating under continuous surveillance = Inadequate information from the subject.
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 : |
Nimish Apartment, Juhu Scheme, Road No.5, Vile Parle (East), Mumbai –
400056, Maharashtra, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Head Office : |
31-H, Laxmi Industrial Estate, New Link Road, Andheri (West), Mumbai –
400053, Maharashtra, India |
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Tel. No.: |
91-22-66929152/ 66929153/ 26310350 |
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Fax No.: |
91-22-66929154 |
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E-Mail : |
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Factory 1 : |
Plot No.2514-2515, Phase IV, GIDC, Vapi – 396195, Gujarat, India |
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Factory 2: |
Plot No.1713, Phase – III, GIDC, Vapi – 396195, Gujarat, India |
DIRECTORS
AS ON 07.07.2012
|
Name : |
Mr. Nilesh Vinod Jhaveri |
|
Designation : |
Director |
|
Address : |
6 Vallabh Nagar Society No.1, Nimish Apartment, Juhu Scheme Road No.5,
Vile Parle, Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
07.03.1964 |
|
Date of Appointment : |
06.03.1995 |
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PAN No.: |
AACPJ0679E |
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DIN No.: |
01257659 |
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|
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Name : |
Mr. Yayesh Vinod Jhaveri |
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Designation : |
Director |
|
Address : |
Nimish Apartment, Juhu Scheme, Road No.5, Vile Parle (East), Mumbai –
400056, Maharashtra, India |
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Date of Birth/Age : |
13.04.1974 |
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Date of Appointment : |
04.04.1997 |
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PAN No.: |
AACPJ5389H |
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DIN No.: |
01257668 |
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Name : |
Mr. Parag Vinod Jhaveri |
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Designation : |
Director |
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Address : |
6 Vallabh Nagar Society No.1, Nimish Apartment, Juhu Scheme Road No.5,
Vile Parle, Mumbai – 400056, Maharashtra, India |
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Date of Birth/Age : |
16.09.1966 |
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Date of Appointment : |
02.05.1990 |
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PAN No.: |
AACPJ5390A |
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DIN No.: |
01257685 |
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Name : |
Mr. Vinod Harilal Jhaveri |
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Designation : |
Director |
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Address : |
21, Hatkesh Society 1, Ashirwad Building, Near Opposite Jamnabai
School, Juhu Scheme Road No.6, Vile Parle, Mumbai – 400056, Maharashtra,
India |
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Date of Birth/Age : |
27.02.1939 |
|
Date of Appointment : |
09.08.2007 |
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PAN No.: |
ABEPJ6636Q |
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DIN No.: |
01655692 |
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Name : |
Mr. Narendra Gajanan Wagle |
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Designation : |
Director |
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Address : |
C-108, Noopur Society Vartak Road, Vile Parle (East), Mumbai – 400057,
Maharashtra, India |
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Date of Birth/Age : |
14.06.1934 |
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Date of Appointment : |
26.11.2007 |
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DIN No.: |
02010084 |
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Name : |
Mr. Navin Vithaldas Vimadalal |
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Designation : |
Director |
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Address : |
6th Floor, Flat No.62, Ranju Manju, Rungta Lane of N. Sea
Road, Mumbai – 400006, Maharashtra, India |
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Date of Birth/Age : |
18.02.1933 |
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Date of Appointment : |
26.11.2007 |
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DIN No.: |
02013145 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 07.07.2012
|
Names of Shareholders |
No. of Shares |
|
Vinod Harilal Jhaveri and Nirannjan Jhaveri |
17491310 |
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Narendra Gajanan Wagle |
5000 |
|
Parag Vinod Jhaveri |
3700000 |
|
Jigna Jhaveri and Nilesh Jhaveri |
3350000 |
|
Niranjana Jhaveri and Vinod Jhaveri |
2800000 |
|
Yayesh Vinod Jhaveri and Payal Jhaveri |
4300000 |
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Nilesh Vinod Jhaveri and Jigna Jhaveri |
3350000 |
|
Geeta Mehta |
1501000 |
|
Neha Jhaveri and Parag Jhaveri |
3150000 |
|
Ashok Mehta |
100 |
|
Ashok Mehta (HUF) |
100 |
|
Sevantilal Shah |
100 |
|
Madhavi Wagle |
500 |
|
Manjula Shah |
100 |
|
Payal Jhaveri |
2350090 |
|
Shaila Wagle |
100 |
|
Vivek Wagle |
100 |
|
Bhavin Shah |
100 |
|
Champaklala Shah |
100 |
|
V Champaklal and Company, India |
100 |
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Nilesh Jhaveri HUF |
1900000 |
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Parag Jhaveri HUF |
1950000 |
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Vinod Jhaveri HUF |
1700000 |
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Yayesh Jhaveri HUF |
2250000 |
|
F Jain HUF |
100 |
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Sonal Jhaveri |
100 |
|
Star International, India |
100 |
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Binita Nihir Jhaveri |
100 |
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Kakavati M Jhaveri |
100 |
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Mahendraben N Shah |
100 |
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Nihir M Jhaveri |
100 |
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Nirjana D Shah |
100 |
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S H Parwaney (HUF) |
100 |
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Shyam H Parwaney |
100 |
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Sevantilal Shah HUF |
100 |
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Navin Vithaldas Vimadalal |
200000 |
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Hasmukh J Patel |
100 |
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TOTAL
|
50000000 |
AS ON 07.07.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
94.91 |
|
Others |
5.09 |
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TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of
Specialty and Fine Chemicals for Food, Fragrance, Flavors, Pharmaceuticals,
Plastic and Lubricants. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
·
The Saraswat Cooperative Bank Limited, SME Vile Parle
Branch, Bholanath Co-operative Housing Society, Subhash Road, Vile Parle
East, Mumbai – 400057, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Jagdish B Shah and Associates Chartered Accountant |
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Address : |
115, Rewa
Chambers,10, New Marine Lines, Mumbai – 400020, Maharashtra, India |
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PAN No.: |
AAAFS0533Q |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
|
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|
50000000 |
Equity Shares |
Rs.1/- each |
Rs.50.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
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|
50000000 |
Equity Shares |
Rs.1/- each |
Rs.50.000 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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|
SHAREHOLDERS FUNDS |
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|
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1] Share Capital |
50.000 |
50.000 |
50.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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|
3] Reserves & Surplus |
60.174 |
68.118 |
28.056 |
|
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
110.174 |
118.118 |
78.056 |
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LOAN FUNDS |
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1] Secured Loans |
544.538 |
379.469 |
391.265 |
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2] Unsecured Loans |
272.784 |
184.745 |
136.691 |
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TOTAL BORROWING |
817.322 |
564.214 |
527.956 |
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DEFERRED TAX LIABILITIES |
59.129 |
43.226 |
43.416 |
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TOTAL |
986.625 |
725.558 |
649.428 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
524.421 |
485.743 |
486.362 |
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Capital work-in-progress |
12.676 |
0.000 |
0.000 |
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INVESTMENT |
1.367 |
1.367 |
1.039 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
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Inventories |
262.507
|
246.939
|
204.898 |
|
|
Sundry Debtors |
187.401
|
145.469
|
116.701 |
|
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Cash & Bank Balances |
26.630
|
1.519
|
2.597 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
159.667
|
37.615
|
23.616 |
|
Total
Current Assets |
636.205
|
431.542
|
347.812 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
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|
Sundry Creditor |
173.698
|
173.529
|
174.880 |
|
|
Other Current Liabilities |
1.500
|
0.000
|
0.000 |
|
|
Provisions |
12.846
|
19.565
|
10.905 |
|
Total
Current Liabilities |
188.044
|
193.094
|
185.785 |
|
|
Net Current Assets |
448.161
|
238.448
|
162.027 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
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|
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TOTAL |
986.625 |
725.558 |
649.428 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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GROSS
SALE |
1340.315 |
1101.764 |
674.689 |
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EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
NA |
NA |
NA |
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PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
33.342 |
75.230 |
41.029 |
|
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Less/ Add |
DEPRECIATION/
AMORTISATION |
22.371 |
23.813 |
16.508 |
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PROFIT
/ (LOSS) BEFORE TAX |
10.971 |
51.417 |
24.521 |
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Less |
TAX |
18.334 |
10.610 |
29.233 |
|
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PROFIT
/ (LOSS) AFTER TAX |
(7.363) |
40.807 |
(4.712) |
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EARNINGS
IN FOREIGN CURRENCY |
780.865 |
631.416 |
374.470 |
|
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TOTAL
IMPORTS |
773.473 |
562.611 |
NA |
|
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|
Earnings
/ (Loss) Per Share (Rs.) |
(0.15) |
0.82 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.95
|
5.61
|
2.94 |
|
|
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|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.44
|
0.31 |
|
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|
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Debt Equity Ratio (Total Debt/Networth) |
|
7.42
|
4.78
|
6.76 |
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|
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Current Ratio (Current Asset/Current Liability) |
|
3.38
|
2.23
|
1.87 |
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) |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS
DETAILS
(Rs.
In Millions)
|
PARTICULARS |
31.03.2012 |
|
Long Term |
|
|
Term Loan |
|
|
From Others |
4.999 |
|
Loans and
Advances From Related Parties |
|
|
From Directors |
155.063 |
|
From Others |
51.954 |
|
Loans and Advances From Others |
60.768 |
|
|
|
|
TOTAL |
272.784 |
|
PARTICULARS |
31.03.2011 |
|
Loans Directors Unsecured |
124.266 |
|
Other Debt Unsecured |
60.479 |
|
|
|
|
TOTAL |
184.745 |
COTANGENT LIABILITY (AS ON 31.03.2012)
Bill discounted with Saraswat Co-Operative Bank Limited – Rs.57.572 Millions
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U74110MH1985PTC037900 |
|
Name of the
company |
YASHO INDUSTRIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Nimish Apartment,
Juhu Scheme, Road No.5, Vile Parle (East), Mumbai – 400056, Maharashtra,
India E-Mail Id : vilas@yashoindustries.com |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
80016010 |
|
Type of charge |
|
|
Particular of
charge holder |
The Saraswat Cooperative
Bank Limited, SME Vile Parle Branch, Bholanath Co-operative Housing Society,
Subhash Road, Vile Parle East, Mumbai – 400057, Maharashtra, India E-mail Id : s_sukhtankar@saraswatbank.com
|
|
Nature of
instrument creating charge |
Deed of
Hypothecation for Additional Advance( Supplementary Deed) |
|
Date of
instrument Creating the charge |
05.11.2012 |
|
Amount secured by
the charge |
Rs.330.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 13.5% p.a. or at
such rate as maybe determined by the bank from time to time Terms of
Repayment On demand Margin stocks -- RM 25% WIP 35% FG 25% Less: S
Creditors: 30% Add:
Debtors: 25% Extent and
Operation of the charge This is cash
credit facility with sub limit as below 1. FBP/N/D
additional sub limit of Rs.50.000 Millions making total of Rs.250.000
Millions 2. sub limit for
Direct Bills of Rs.100.000 Millions 3. Export Packing
Credit additional sub limit of Rs.50.000 Millions making total of Rs.200.000
Millions (in foreign currency and subject to availability) |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
stocks, debtors tangible movable
property (both present and future) belonging to the company and lying and
being at borrowers place of business at Plot no 2514/2515,Phase IV and Plot No 1713 GIDC Vapi Gujarat or
wherever else the same maybe. |
|
Date of
instrument modifying the charge |
17.08.2011 |
|
Particulars of
the present modification |
Cash credit limit
enhanced from Rs 280.000 Millions to Rs.330.000 Millions (additional
Rs.50.000 Millions) |
FIXED ASSETS
· Land – Freehold
· Building
· Factory Building
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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] 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.53.95 |
|
|
1 |
Rs.83.81 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
36 |
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.