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Report Date : |
06.09.2013 |
IDENTIFICATION DETAILS
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Name : |
RANK ORGANICS CHEMICALS PRIVATE LIMITED |
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Registered Office : |
28 Lohar Chawl, Mahim, Mumbai -
400016, |
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Country : |
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Financials (as on) : |
31.03.2009 |
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Date of Incorporation : |
29.04.1998 |
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Com. Reg. No.: |
11-114680 |
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CIN No.: [Company
Identification No.] |
U24110MH1998PTC114680 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMR17426D |
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PAN No.: [Permanent
Account No.] |
AABCR1427Q |
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Legal Form : |
Private Limited Liability company. |
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Line of Business : |
1.
Manufacturer and Dealer of Chemicals
Compounds and Chemicals Products. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
LOCATIONS
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Registered Office : |
28 Lohar Chawl, Mahim, Mumbai -
400016, |
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E-Mail : |
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Factory : |
Plot No. N-85, Tarapur MIDC, Thane 401506, |
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Tel. No.: |
91-22-66379291 |
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Fax No.: |
91-22-22064524 |
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DIRECTORS
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Name : |
Mr. Nandkumar Gopal Nemlekar |
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Designation : |
Director |
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Address : |
402, Royal Link, Prit Sagar Compound, Link Road, Borivali West, Mumbai
– 400091, Maharashtra, India |
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Date of Birth/Age : |
31.01.1953 |
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Date of Appointment : |
29.04.1998 |
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Name : |
Mr. Sham Gopal Nemlekar |
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Designation : |
Director |
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Address : |
C-7, |
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Date of Birth/Age : |
07.05.1950 |
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Date of Appointment : |
29.04.1998 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2009
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Names of Shareholders |
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No. of Shares |
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Sham Nemlekar |
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100 |
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Nandkumar Nemlekar |
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100 |
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Ratanshi Bhanushali |
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6000 |
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Naran Patel |
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6000 |
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Raja Kale |
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8000 |
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Hiralal Patel |
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10000 |
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Kesarbai Bhadra |
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6500 |
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Karson Patel |
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5500 |
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Shambhuratan Kataarmal |
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2100 |
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Dhanji Patel |
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3000 |
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Dharmesh Bhanushali |
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4000 |
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Karson Patel |
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3000 |
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Jagdish Bhanushali |
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5000 |
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Muljibai Patel |
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3000 |
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Bhagwanji Patel |
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6700 |
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Hemant Khania |
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3500 |
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Equity Share Breakup |
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Percentage of Holding |
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Category |
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Directors
or relatives of directors |
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100 |
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Total |
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100 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Dealer of Chemicals Compounds and
Chemicals Products. |
GENERAL INFORMATION
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Bankers : |
Not Available |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Dargar and Company Chartered Accountants |
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Address : |
58, Maharashtra Bhavan, 4th Floor, Near Handloom House, Fort, Mumbai –
400001, |
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Tel No. |
91-22-56335498 |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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250,000 |
Equity Shares |
Rs.10/- Each |
Rs.2.500 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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180150 |
Equity Shares |
Rs.10/- Each |
Rs.1.802 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
1.802 |
1.802 |
1.802 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
9.562 |
8.305 |
8.997 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
11.364 |
10.107 |
10.799 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.446 |
(0.069) |
(0.734) |
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TOTAL |
11.810 |
10.038 |
10.065 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
4.985 |
4.352 |
4.656 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
1.331 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
4.968
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3.311 |
6.222 |
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Sundry Debtors |
3.503
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6.421 |
6.493 |
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Cash & Bank Balances |
5.677
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4.266 |
1.215 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
0.671
|
0.728 |
2.093 |
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Total
Current Assets |
14.819
|
14.726 |
16.023 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
7.102
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8.585 |
11.661 |
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Provisions |
0.892
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0.455 |
0.284 |
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Total
Current Liabilities |
7.994
|
9.040 |
11.945 |
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Net Current Assets |
6.825
|
5.686 |
4.078 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
11.810 |
10.038 |
10.065 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
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Total Sales and Other Revenue |
21.179 |
16.931 |
30.333 |
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Profit/(Loss) Before Tax |
2.028 |
1.413 |
(0.853) |
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Provision for Taxation |
0.771 |
0.559 |
(0.532) |
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Profit/(Loss) After Tax |
1.257 |
0.854 |
(0.321) |
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Expenditures : |
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Manufacturing and Direct Expenses |
13.841 |
7.667 |
28.581 |
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Administration Expenses other Expenses |
3.203 |
2.695 |
0.926 |
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Selling and Distribution Expenses |
0.816 |
0.191 |
0.115 |
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Depreciation |
0.764 |
0.665 |
0.633 |
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Other Expenditure |
0.527 |
4.300 |
0.931 |
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Total Expenditure |
19.151 |
15.518 |
31.186 |
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Earnings Per Share (Rs.) |
6.98 |
-- |
-- |
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KEY RATIOS
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PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
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PAT / Total Income |
(%) |
5.93
|
5.04 |
(1.06) |
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Return on Total Assets (PBT/Total Assets} |
(%) |
10.24
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7.41 |
(4.12) |
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Return on Investment (ROI) (PBT/Networth) |
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0.18
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0.14 |
(0.08) |
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Debt Equity Ratio (Total Liability/Networth) |
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0.70
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0.89 |
1.11 |
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Current Ratio (Current Asset/Current Liability) |
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1.85
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1.63 |
1.34 |
LOCAL AGENCY FURTHER INFORMATION
Fixed Assets:
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.66.04 |
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|
1 |
Rs.103.10 |
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Euro |
1 |
Rs. 86.99 |
INFORMATION DETAILS
|
Report Prepared by
: |
DPH |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.