|
Report Date : |
05.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
ANMOL STEEL AND INFRA PRIVATE LIMITED (w.e.f.
09.10.2012) |
|
|
|
|
Formerly Known
As : |
ANMOL STEEL PROCESSORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D-15, MIDC Industrial Area, Taloja, Navi Mumbai – 410208, Maharashtra
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
05.05.1994 |
|
|
|
|
Com. Reg. No.: |
11-078196 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.64.942 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100MH1994PTC078196 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA8336Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Iron and Steel Merchants, Suppliers and Commission Agents. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 560000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. Management has failed to file the financial
information with the government department from 2011. However, trade
relations are reported as fair. Business is active. Payment terms are
unknown. The company can be considered for business dealings with some
cautions. |
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) |
|
|
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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam.
Once powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another megatrend happening. The World order is changing as
economic power shifts from West to East. According to McKinsey study, it took
Britain more than 100 years to double its economic output per person during its
industrial revolution and the US later took more than 50 years to do the same.
More than a century later, China and India have doubled their GDP per capital
in 12 and 18 years respectively. By 2020, emerging Asia will become the world’s
largest consuming block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term (A4+) |
|
Rating Explanation |
Minimal degree of safety, it carry very high
credit risk. |
|
Date |
February, 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term (BB+) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
February, 2013 |
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 : |
Ms. Suvarna |
|
Contact No.: |
91-22-43117777 |
|
Date : |
05.10.2013 |
LOCATIONS
|
Registered Office : |
D-15, MIDC Industrial Area, Taloja, Navi Mumbai – 410208, Maharashtra,
India |
|
Tel. No.: |
91-22-27411063/ 27410973/ 43117777 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Amar Dinesh
Shah |
|
Designation : |
Director |
|
Address : |
201/202, Anuradha Apartment, 183 TPS Road, Boriwali (West), Mumbai – 400092, Maharashtra,
India |
|
Date of Birth/Age : |
04.03.1979 |
|
Date of Appointment : |
01.08.2003 |
|
PAN No.: |
ADSPS6416P |
|
DIN No.: |
00419893 |
|
|
|
|
Name : |
Mr. Dinesh Lalchand
Shah |
|
Designation : |
Director |
|
Address : |
201/202, Anuradha Apartment, 183 TPS Road, Boriwali (West), Mumbai – 400092, Maharashtra,
India |
|
Date of Birth/Age : |
25.04.1949 |
|
Date of Appointment : |
05.05.1994 |
|
PAN No.: |
AAFPS4547K |
|
DIN No.: |
00424941 |
|
|
|
|
Name : |
Mr. Paras Dinesh
Shah |
|
Designation : |
Director |
|
Address : |
201/202, Anuradha Apartment, 183 TPS Road, Boriwali (West), Mumbai – 400092, Maharashtra,
India |
|
Date of Birth/Age : |
07.12.1974 |
|
Date of Appointment : |
01.04.2005 |
|
PAN No.: |
AAFPS4548G |
|
DIN No.: |
00438035 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Dinesh Lalchand
Shah |
|
1914270 |
|
Amar Dinesh Shah |
|
1579950 |
|
Paras Dinesh Shah |
|
1750000 |
|
Bindu Ben Shah |
|
250000 |
|
Shah Enterprise |
|
500000 |
|
Anuroop Steel |
|
500000 |
|
Pragya Realty
Developers Private Limited (Formerly known as Ragini
Trading Investment Limited) |
|
1250000 |
|
|
|
|
|
Total |
|
7744220 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
29.05 |
|
Directors or relatives of directors |
|
70.95 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Iron and Steel Merchants, Suppliers and Commission Agents. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· Central Bank of India Churchgate Branch, Kasturi
Building, Opposite Petroleum House, J. Tata Road,
Mumbai – 400020, Maharashtra, India · Bank of Baroda · CITI Bank |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||
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|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
D M Jani and Company Chartered Accountant |
|
Address : |
10A, 3rd Floor, Chaman Chembers, Cinema Road,
Dhobi Talao, Mumbai – 400020, Maharashtra,
India |
|
PAN No.: |
AACPJ2646R |
CAPITAL STRUCTURE
(AS ON 29.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7744220 |
Equity Shares |
Rs.10/- each |
Rs.77.442
Millions |
|
|
|
|
|
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6500000 |
Equity Shares |
Rs.10/- each |
Rs.65.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6494220 |
Equity Shares |
Rs.10/- each |
Rs.64.942
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
64.942 |
54.942 |
54.942 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
74.517 |
47.508 |
40.720 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
139.459 |
102.450 |
95.662 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
50.570 |
65.307 |
3.690 |
|
|
2] Unsecured Loans |
161.956 |
51.891 |
22.570 |
|
|
TOTAL BORROWING |
212.526 |
117.198 |
26.260 |
|
|
DEFERRED TAX LIABILITIES |
2.650 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
354.635 |
219.648 |
121.922 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
62.304 |
53.754 |
35.292 |
|
|
Capital work-in-progress |
17.345 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
6.837 |
0.585 |
42.693 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
296.440
|
268.061 |
306.123 |
|
|
Sundry Debtors |
753.217
|
502.499 |
485.481 |
|
|
Cash & Bank Balances |
125.509
|
72.902 |
2.988 |
|
|
Other Current Assets |
0.200
|
0.315 |
32.190 |
|
|
Loans & Advances |
268.586
|
99.509 |
0.288 |
|
Total
Current Assets |
1443.952
|
943.286 |
827.070 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
1134.291
|
721.416 |
756.503 |
|
|
Other Current Liabilities |
21.112
|
51.761 |
26.630 |
|
|
Provisions |
10.400
|
4.800 |
0.000 |
|
Total
Current Liabilities |
1165.803
|
777.977 |
783.133 |
|
|
Net Current Assets |
278.149
|
165.309 |
43.937 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
364.635 |
219.648 |
121.922 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
3411.474 |
3398.728 |
|
|
|
Other Income |
NA |
123.039 |
185.550 |
|
|
|
TOTAL (A) |
NA |
3534.513 |
3584.278 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Operating Expenses |
NA |
3403.633 |
3436.621 |
|
|
|
Personnel Cost |
NA |
5.684 |
5.717 |
|
|
|
Office and Administrative Expenses |
NA |
39.431 |
33.021 |
|
|
|
Selling and Distribution Expenses |
NA |
15.003 |
9.909 |
|
|
|
Non Current Expenditure |
NA |
0.974 |
0.000 |
|
|
|
TOTAL (B) |
NA |
3464.725 |
3485.268 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
69.788 |
99.010 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
53.637 |
84.406 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
16.151 |
14.604 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
1.690 |
1.395 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
NA |
14.461 |
13.209 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
4.800 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
10.707 |
9.661 |
13.209 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7.010 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
17.717 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.65 |
1.76 |
2.40 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
0.27 |
0.37 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
0.42 |
0.39 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
1.45 |
1.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.14 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.52
|
1.14 |
0.27 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24
|
1.21 |
1.06 |
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 |
Yes |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last two 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 |
No |
|
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
|
Particulars |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
|
|
|
|
|
|
Loans Directors |
0.356 |
2.105 |
|
Other Debt |
161.600 |
49.786 |
|
|
|
|
|
Total |
161.956 |
51.891 |
NOTE:
The Registered office of the company has been
shifted from, C/o, 403 The Summit Business Bay Off. Hanuman Services Road Vile
Parle (East), Mumbai – 400057, Maharashtra, India, to
the present address w.e.f. 15.03.2012.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10375589 |
26/03/2012 |
40,000,000.00 |
CENTRAL BANK OF
INDIA |
CHURCHGATE
BRANCH, KASTURI BUILDING, OPP. PERTROL |
B41266024 |
|
2 |
10094082 |
13/08/2010 * |
400,000,000.00 |
BANK OF BARODA |
BYCULLA BRANCH, 18-1,
19/20, BYCULLA HOUSE, CLARE ROAD, BYCULLA,, MUMBAI, MAHARASHTRA - 400008,
INDIA |
B09450354 |
* Date of charge modification
FIXED ASSETS:
· Land
· Building
· Factory
· Plant and Machinery
· Office Equipment
· Computer
· Furniture and Fixtures
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.54.33 |
|
|
1 |
Rs.82.72 |
|
Euro |
1 |
Rs.69.82 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
30 |
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.