|
Report Date : |
15.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
LIFETIME REALTY PRIVATE LIMITED (w.e.f 04.06.2004) |
|
|
|
|
Formerly Known
As : |
LIFE-TIME REALITY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
425-426, Laxmi – The Mall, Laxmi Industrial Estate, Link Road, Andheri
(West), Mumbai – 400053, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
10.10.2003 |
|
|
|
|
Com. Reg. No.: |
10-142621 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.22.654 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200MH2003PTC142621 |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Construction Activity. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. There appears a dip in the profit of the company during the year 2012.
External borrowing appear to be huge which may act as a threat to the
liquidity position. However, Trade relations are reported as fair. Business is active.
Payment are reported to be 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 – 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 |
INDIAN ECONOMIC OVERVIEW
India’s current account
deficit or CAD in April-June widened to 4.9 % of gross domestic product. High
imports of gold and oil led to a worsening of the trade deficit, resulting in
CAD jumping to $ 21.8 billion to the latest quarter from $ 16.9 billion in the
corresponding quarter of the previous financial year. The government aims to
bring down CAD to 3.7 % or $ 70 billion, in 2013/14, from 4.8 % or $ 88.2
billion in 2012/13.
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been
named the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top
spot for the world’s most honest city while Lisbon, the capital of Portugal,
proved to be the least honest. The survey put hundreds of people to test
in four continents to find out just how honest they were by dropping wallets
and seeing how many would be returned.
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali expenditure by 40 % and
on average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED BY
|
Name : |
Mr. Piyush Roy |
|
Designation : |
Key Executive |
|
Contact No.: |
91-9768023935 |
|
Date : |
13.11.2013 |
LOCATIONS
|
Registered Office : |
425-426, Laxmi – The Mall, Laxmi Industrial Estate, Link Road, Andheri
(West), Mumbai – 400053, Maharashtra, India
|
|
Tel. No.: |
91-22-66892711 |
|
Mobile No.: |
91-9768023935 (Mr. Piyush Roy) |
|
Fax No.: |
91-22-66892711 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Sheel Dhar Pande |
|
Designation : |
Director |
|
Address : |
1102, Mehran Chs, Plot No.161, Gulmohar Cross Road – 12, JVPD Scheme,
Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
57 years |
|
Qualification : |
B. Tech (Mech.) |
|
Experience : |
32 years |
|
Date of Appointment : |
20.02.2009 |
|
DIN No.: |
01534830 |
|
|
|
|
Name : |
Mr. Alok Pushkarnarayan Mantri |
|
Designation : |
Director |
|
Address : |
A-65/1503, Adarsh Nagar, Prabhadevi, Dadar, Mumbai – 400025,
Maharashtra, India |
|
Date of Birth/Age : |
22.09.1958 |
|
Qualification : |
B. Com |
|
Experience : |
38 years |
|
Date of Appointment : |
11.12.2003 |
|
DIN No.: |
00619156 |
|
|
|
|
Name : |
Mrs. Paromita Basu |
|
Designation : |
Director |
|
Address : |
A-305, Lemont Apartment, Rani Sati Marg, Off W. e. Highway, Malad – East,
Mumbai – 400097, Maharashtra, India |
|
Date of Birth/Age : |
13.01.1973 |
|
Qualification : |
CS, LLB |
|
Experience : |
14 years |
|
Date of Appointment : |
27.04.2010 |
|
DIN No.: |
02286497 |
|
|
|
|
Name : |
Mr. Srinivas Mahadev |
|
Designation : |
Managing director |
|
Address : |
13/16, BIT Cottage Chamber Road No.4, Matunga, Mumbai – 400019,
Maharashtra India |
|
Date of Birth/Age : |
11.05.1956 |
|
Qualification : |
B. Tech (Mech) |
|
Experience : |
32 years |
|
Date of Appointment : |
15.07.2007 |
|
DIN No.: |
01509452 |
KEY EXECUTIVES
|
Name : |
Mr. Piyush Roy |
|
Designation : |
Key Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
No. of Shares |
|
|
|
|
Alok Pushkarnarayan Mantri |
8554 |
|
Lifetime Property Holdings Private Limited, India |
2227500 |
|
Govind Properties Private Limited, India |
29309 |
|
|
|
|
Total |
2265363 |
AS ON 30.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
|
|
|
Bodies corporate |
1.00 |
|
Directors or relatives of Directors |
99.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Construction Activity. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
·
Bank of India Yari Road Branch, Kalyan Complex, Versova, Andheri (West), Mumbai –
400061, Maharashtra, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Porwal ad Porwal Chartered Accountant |
|
Address : |
625, Laxmi Plaza, 6th Floor, Off New Link Road, Andheri
(West), Mumbai – 400053, Maharashtra, India
|
|
Tel No.: |
91-22-26397907/ 26397908 |
|
PAN No.: |
AAEFP1951H |
|
Email : |
|
|
|
|
|
Holding Company : |
· Lifetime Property Holdings Private Limited, India CIN No.: U70100MH2010PTC200684 |
|
|
|
|
Associates/Subsidiaries : |
· Lifetime Land and Property Management Limited CIN No.: U51909MH2003PLC141494 · Lifetime Luxury and Lifestyle Brands Private Limited CIN No.: U74120MH2007PTC167850 · Lifetime Agriculture and Real Estate Solutions Private Limited CIN No.: U01820MH2003PTC142413 · Lifetime Emerging Markets Private Limited CIN No.: U70101MH2003PTC142791 · Lifetime Realty Branch Management Private Limited CIN No.: U70102MH2009PTC190797 |
CAPITAL STRUCTURE
AS ON 28.09.2012
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2265363 |
Equity Shares |
Rs.10/- each |
Rs.22.654
Millions |
|
|
|
|
|
FINANCIAL DATA
[All figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
|
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
22.654 |
29.309 |
|
(b) Reserves & Surplus |
|
78.594 |
86.230 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
101.248 |
115.539 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
67.944 |
78.613 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
67.944 |
78.613 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
324.193 |
310.843 |
|
(b) Trade
payables |
|
1.909 |
2.544 |
|
(c) Other
current liabilities |
|
148.863 |
116.671 |
|
(d) Short-term
provisions |
|
3.321 |
16.000 |
|
Total Current
Liabilities (4) |
|
478.286 |
446.058 |
|
|
|
|
|
|
TOTAL |
|
647.478 |
640.210 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
9.287 |
7.399 |
|
(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 |
|
1.402 |
1.083 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.500 |
1.500 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
11.189 |
9.982 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
210.926 |
197.582 |
|
(c) Trade
receivables |
|
0.000 |
33.802 |
|
(d) Cash
and cash equivalents |
|
321.669 |
304.803 |
|
(e)
Short-term loans and advances |
|
102.971 |
93.585 |
|
(f) Other
current assets |
|
0.723 |
0.456 |
|
Total
Current Assets |
|
636.289 |
630.228 |
|
|
|
|
|
|
TOTAL |
|
647.478 |
640.210 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
29.309 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
58.780 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
88.089 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
64.405 |
|
|
2] Unsecured Loans |
|
|
5.030 |
|
|
TOTAL BORROWING |
|
|
69.435 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
157.524 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
21.794 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1.084 |
|
|
DEFERREX TAX ASSETS |
|
|
0.390 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
13.278 |
|
|
Cash & Bank Balances |
|
|
263.596 |
|
|
Other Current Assets |
|
|
26.713 |
|
|
Loans & Advances |
|
|
215.674 |
|
Total
Current Assets |
|
|
519.261 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
19.793 |
|
|
Other Current Liabilities |
|
|
351.012 |
|
|
Provisions |
|
|
14.200 |
|
Total
Current Liabilities |
|
|
385.005 |
|
|
Net Current Assets |
|
|
134.256 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
157.524 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
62.194 |
166.509 |
149.273 |
|
|
|
Other Income |
31.584 |
23.585 |
13.052 |
|
|
|
TOTAL |
93.778 |
190.094 |
162.325 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
84.551 |
144.647 |
120.536 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
9.227 |
45.447 |
41.789 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
16.000 |
19.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
NA |
29.447 |
22.589 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
NA |
10.05 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
15.49 |
13.92 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
14.84
|
27.29 |
28.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.43
|
7.11 |
7.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.39 |
0.47 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.87
|
3.37 |
0.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.33
|
1.41 |
1.35 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in
Report (Yes/ No) |
|
Yes |
|
Yes |
|
Yes |
|
No |
|
Yes |
|
Yes |
|
Yes |
|
No |
|
Yes |
|
Yes |
|
Yes |
|
Yes |
|
------- |
|
No |
|
Yes |
|
Yes |
|
No |
|
No |
|
No |
|
No |
|
------- |
|
------ |
|
Yes |
|
Yes |
|
------ |
|
------ |
|
Yes |
|
Yes |
|
Yes |
|
Yes |
|
No |
|
Yes |
|
No |
|
No |
UNSECURED LOAN
|
Particulars |
Rs. In Millions 31.03.2012 |
Rs. In Millions 31.03.2011 |
|
Short Term
Borrowings |
|
|
|
Inter Corporate Loan |
1.398 |
1.000 |
|
From Directors |
1.000 |
-- |
|
|
|
|
|
Total |
2.398 |
1.000 |
NOTE:
The Registered office of the company has been shifted from, Gazebo
House, Plot No.52, Opposite Gulmohar Road No.7, Juhu Vile Parle Development
Scheme Juhu, Mumbai, Maharashtra, India, to the present address w.e.f. 17.07.2008.
FINANCIAL
HIGHLIGHTS
The company has done business of Rs.62.194 Millions and made a profit
before tax of Rs.9.227 Millions.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10125521 |
12/09/2008 |
434,000.00 |
Bank of India |
Yari Road Branch
, Kalyan Complex, Versova, Andheri (W), Mumbai, Maharashtra - 400061, INDIA |
A48137202 |
|
2 |
10111628 |
28/04/2008 |
2,500,000.00 |
Bank of India |
Yari Road Branch
, Kalyan Complex, Versova, Andheri (W), Mumbai, Maharashtra - 400061, INDIA |
A40842809 |
FIXED ASSETS
·
Air Conditioner
·
Computer
·
Furniture and Fi
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.63.65 |
|
|
1 |
Rs.101.17 |
|
Euro |
1 |
Rs.85.55 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.