MIRA
INFORM REPORT
|
Report Date : |
21.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
JHANVI EARTHMOVERS |
|
|
|
|
Registered
Office : |
G-7, Ground Floor, Ambewadi Opposite Majestic Shop Centre, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Year of
Establishment : |
1997 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.777 Millions [As on 31.03.2013] |
|
|
|
|
IEC No.: |
0306005409 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAQPS6698J |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Trader, Dealer, Distributor, Importer and Exporter of Spares of
Earthmoving Machines. |
|
|
|
|
No. of Employees
: |
6 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 11000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established proprietary concern having a satisfactory track
record. Trade relations are reported as fair. Business is active. Payments
are reported to be usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual
growth and compared with 4.5 % in the last fiscal year. However, the current
account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic
product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year
before.A sharp fall in gold imports due to restrictions on overseas purchases
and muted import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of
the global e-commerce giant Amazon. The company raised $ 210 million from
Russian Investment firm DST Global which has also invested in companies like
Facebook, Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward Brown.
Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top 10 of
the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two.While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy
AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55
pounds a share.
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Vijay Shah |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9321133598 |
|
Date : |
16.07.2014 |
LOCATIONS
|
Registered Office : |
G-7, Ground Floor, Ambewadi Opposite Majestic Shop Centre, Girgaum
Road, Mumbai
– 400004, Maharashtra, India |
|
Tel. No.: |
91-22-23866629/ 32408591 |
|
Mobile No.: |
91-9321133598 (Mr. Vijay Shah) |
|
Fax No.: |
91-22-23866628 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
300 Sq. ft. |
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Vijay Shah |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
02.01.1958 |
|
Qualification : |
B. Com |
BUSINESS DETAILS
|
Line of Business : |
Trader, Dealer, Distributor, Importer and Exporter of Spares of
Earthmoving Machines. |
|
|
|
|
Exports : |
|
|
Products : |
Spares of Earthmoving Machines |
|
Countries : |
· Nepal Thailand Sri Lanka African Countries |
|
|
|
|
Imports : |
|
|
Products : |
Spares of Earthmoving Machines |
|
Countries : |
·
Korea ·
Italy ·
USA ·
Singapore ·
China |
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Cash |
|
|
|
|
Purchasing : |
L/C and Cash |
GENERAL INFORMATION
|
Suppliers : |
v Agarwal
Earthmovers Spares Company v Agarwal Tractor
Syndicate v Alite
Earthmovers v Alok Trading
Company v Anal Earthmoving
and Diesel Service v Arun Automobile v Asit Traders v ATC Pumps and
Machine Spares v Bhavana
Enterprise v Bright Gasket
and Rubber Works v C.S. Shah and
Company v Daulat Ram and
Sons v Diesel Spares
Corporation v Earthco (India) v Elite Products v Gujarat
Earthmovers v Heavy Diesel
Parts |
|
|
|
|
Customers : |
End Users v A.P. Earthmovers
and Equipments v Ajay
Construction Company v Allied
Earthmovers v Alpa
Infrastructure Private Limited v Ansika
Construction v B.T. Patil and
Sons Belgaum v Bajarang
Construction v Balajee Infratech
and Construction Private Limited v Bharat Mining
and Engineering Company v Bharat Timber
and Construction Company v Bhimji Velji
Sarothia v Bitcon (India)
Infrastructure Development Private Limited v Classic Network
Private Limited v Coronation
Infrastructure Limited v Crawl and Diesel
India |
|
|
|
|
No. of Employees : |
6 (Approximately) |
|
|
|
|
Bankers : |
· HDFC Bank Limited Charni Road, Mumbai - 400004, Maharashtra, India [Tel No.:
91-22-61606161] · Canara Bank ICICI Bank Limited Kotak Mahindra Bank Limited |
|
|
|
|
Facilities : |
Overdraft = Rs. 8.000 Millions [From HDFC Bank Limited] |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Bharat P. Shah and Associates Chartered Accountants |
|
Address : |
Mumbai, Maharashtra, India |
|
|
|
|
Associates/Subsidiaries : |
·
Parin Enterprises G7, Ambewadi, Girgaon, Opposite Majestic Shopping Centre, Girgaum Road, Mumbai – 400004, Maharashtra, India ·
Parin Enterprises 8/3, Viraj Society, P.T. College Road, Paldi, Ahmedabad – 380007,
Gujarat, India |
CAPITAL STRUCTURE
AS ON 31.03.2013
|
Capital Investment : |
|
|
Owned : |
Rs. 2.777 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs. 2.777 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
25.000 |
|
|
|
|
|
The above information has been parted by Mr. Vijay Shah (Proprietor)
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2013 Summarized |
|
|
|
|
|
|
Capital Account |
|
|
2.777 |
|
|
|
|
|
|
Loans and Advances |
|
|
6.571 |
|
|
|
|
|
|
Current Liabilities |
|
|
|
|
Sundry Creditors |
|
|
4.152 |
|
|
|
|
|
|
Provision for Expenses |
|
|
0.222 |
|
|
|
|
|
|
Advance from Debtors |
|
|
0.050 |
|
|
|
|
|
|
Provision for Income Tax |
|
|
0.069 |
|
Less: TDS |
|
|
0.009 |
|
|
|
|
0.060 |
|
|
|
|
|
|
TOTAL |
|
|
13.771 |
|
|
|
|
|
|
Fixed Assets |
|
|
0.180 |
|
|
|
|
|
|
Deposits |
|
|
2.045 |
|
|
|
|
|
|
Current Assets |
|
|
|
|
Inventories |
|
|
2.851 |
|
|
|
|
|
|
Sundry Debtors |
|
|
7.416 |
|
|
|
|
|
|
Advance to Creditors |
|
|
0.900 |
|
|
|
|
|
|
Prepaid Expenses |
|
|
0.010 |
|
|
|
|
|
|
Cash and Bank Balances |
|
|
0.370 |
|
|
|
|
|
|
TOTAL |
|
|
13.771 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Proprietor’s Capital |
|
2.236 |
1.778 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
2.236 |
1.778 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
5.235 |
4.735 |
|
|
TOTAL BORROWING |
|
5.235 |
4.735 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
7.471 |
6.513 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.178 |
0.210 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
3.801
|
3.843
|
|
|
Sundry Debtors |
|
7.862
|
5.950
|
|
|
Cash & Bank Balances |
|
(0.027)
|
0.055
|
|
|
Other Current Assets |
|
0.000
|
(0.706)
|
|
|
Loans & Advances |
|
0.066
|
0.000
|
|
Total
Current Assets |
|
11.702
|
9.142
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
4.238
|
2.604
|
|
|
Other Current Liabilities |
|
0.171
|
0.235
|
|
|
Provisions |
|
0.000
|
0.000
|
|
Total
Current Liabilities |
|
4.409
|
2.839
|
|
|
Net Current Assets |
|
7.293
|
6.303
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
7.471 |
6.513 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
20.281 |
24.581 |
18.328 |
|
|
|
Other Income |
1.847 |
1.614 |
0.635 |
|
|
|
TOTAL |
22.128 |
26.195 |
18.963 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods sold |
17.809 |
22.540 |
15.875 |
|
|
|
Clearing and Forwarding |
0.116 |
0.186 |
0.131 |
|
|
|
Bank Charges |
0.066 |
0.040 |
0.039 |
|
|
|
Printing and Stationery |
0.024 |
0.050 |
0.026 |
|
|
|
Freight |
0.347 |
0.378 |
0.194 |
|
|
|
Postage |
0.016 |
0.058 |
0.033 |
|
|
|
Insurance |
0.012 |
0.017 |
0.008 |
|
|
|
Repairing and Maintenance |
0.004 |
0.001 |
0.005 |
|
|
|
Rent |
0.129 |
0.247 |
0.263 |
|
|
|
Advertisement |
0.123 |
0.015 |
0.000 |
|
|
|
Electric Expenses |
0.075 |
0.054 |
0.057 |
|
|
|
Courier Charges |
0.156 |
0.199 |
0.193 |
|
|
|
Telephone Expenses |
0.105 |
0.107 |
0.090 |
|
|
|
Travelling Expense |
0.067 |
0.182 |
0.106 |
|
|
|
Professional Fees |
0.033 |
0.019 |
0.012 |
|
|
|
Sundry Expense |
0.062 |
0.008 |
0.013 |
|
|
|
Other Expenses |
2.391 |
1.480 |
1.291 |
|
|
|
TOTAL |
21.535 |
25.581 |
18.336 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.593 |
0.614 |
0.627 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.029 |
0.032 |
0.040 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
0.564 |
0.582 |
0.587 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.55 |
2.22 |
3.10 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.78 |
2.37 |
3.20 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
4.90 |
6.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.26 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
NA |
2.34 |
2.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
NA |
2.65 |
3.22 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
18.328 |
24.581 |
20.281 |
|
|
|
34.117 |
(17.493) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
18.328 |
24.581 |
20.281 |
|
Profit |
0.587 |
0.582 |
0.564 |
|
|
3.20% |
2.37% |
2.78% |
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
No |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
No |
|
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 |
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] 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. 60.33 |
|
|
1 |
Rs. 103.18 |
|
Euro |
1 |
Rs. 81.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.