MIRA INFORM REPORT
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Report No. : |
315840 |
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Report Date : |
06.04.2015 |
IDENTIFICATION DETAILS
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Name : |
ADROIT AGRI
TRADE PRIVATE LIMITED |
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Registered
Office : |
Supushpa, Opposite Gurukrupa Society, Datta Mandir Road, Nashik
Road, Nashik – 422101, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
11.02.2010 |
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Com. Reg. No.: |
11-199964 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U01403MH2010PTC199964 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Agro commodity like pulses and spices. |
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No. of Employees
: |
7 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (29) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a company with limited operational history having moderate
track. The company possesses a moderate financial profile marked by modest
networth base along with slow realization of debtors and accrued
payables. Management has reported a decline, albeit minimal profit from its
operations during FYE 2014. However, trade relations are improving. Business is active. Payment
terms are reported as slow. In view of nascence, the company can be considered for small to
mediocre business dealings with caution.
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NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
NOT AVAILABLE
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. Roshan Jain |
|
Designation : |
General Manager |
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Contact No.: |
91-7879289489 |
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Date : |
03.04.2015 |
LOCATIONS
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Registered Office : |
Supushpa, Opposite Gurukrupa Society, Datta Mandir Road,
Nashik Road, Nashik – 422101, Maharashtra, India |
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Tel. No.: |
91-253-2451082 |
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Mobile No.: |
91-7879289489 (Mr. Roshan Jain) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office : |
No. 310, Jeevan Plaza, G.E. Road, Ganjpara,
Durg - 491001, Chhattisgarh, India |
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Tel. No.: |
91-788-2297648 / 2297649 |
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Fax No.: |
91-788-2297648 |
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Branch Office : |
Chennai, Tamilnadu, India |
DIRECTORS
As on 29.09.2014
|
Name : |
Mrs. Archana Kamlesh Chhajed |
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Designation : |
Director |
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Address : |
Supushpa, Opposite Gurukrupa Society, Datta Mandir Road,
Nashik Road, Nashik - 422101, Maharashtra, India |
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Date of Birth/Age : |
19.05.1985 |
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Date of Appointment : |
11.02.2010 |
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DIN No.: |
02794649 |
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Name : |
Mr. Rikhabchand Tikanchand Jain |
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Designation : |
Director |
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Address : |
Bhandari Bhawan 28, Mahavir Colony, Behind The Court, Dugr - 491001, Chhattisgarh, India |
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Date of Birth/Age : |
01.04.1956 |
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Date of Appointment : |
11.02.2010 |
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DIN No.: |
02802590 |
KEY EXECUTIVES
|
Name : |
Mr. Roshan Jain |
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Designation : |
General Manager |
MAJOR SHAREHOLDERS
As on 29.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Rikhabchand Tikanchand Jain |
9500 |
95.00 |
|
Archana Kamlesh Chhajed |
500 |
5.00 |
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Total |
10000 |
100.00 |
As on 29.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader of Agro commodity like pulses and spices. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
7 (Approximately) |
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Bankers : |
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Auditors : |
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Name : |
Kamlesh Modi And Company Chartered Accountants |
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Address : |
303, Prestige Chamber, Opposite Thane Railway Station, Thane(West) –
400601, Maharashtra, India |
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Mobile No.: |
91-9619977229 / 9371635980 |
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E-Mail : |
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PAN No.: |
ALGPM2524C |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
0.100 |
0.100 |
0.100 |
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(b) Reserves &
Surplus |
0.166 |
0.081 |
-0.016 |
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(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’ Funds
(1) + (2) |
0.266 |
0.181 |
0.084 |
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(3) Non-Current
Liabilities |
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(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Deferred tax
liabilities (Net) |
0.003 |
0.006 |
0.000 |
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(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
0.003 |
0.006 |
0.000 |
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(4) Current Liabilities |
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(a) Short term borrowings |
0.134 |
0.366 |
0.062 |
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(b) Trade payables |
36.388 |
4.266 |
0.000 |
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(c) Other current
liabilities |
0.187 |
2.350 |
0.010 |
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(d) Short-term provisions |
0.049 |
0.036 |
0.000 |
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Total Current Liabilities
(4) |
36.758 |
7.018 |
0.072 |
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TOTAL |
37.027 |
7.205 |
0.156 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
0.268 |
0.247 |
0.000 |
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(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
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(iii) Capital
work-in-progress |
2.768 |
0.000 |
0.000 |
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(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
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(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
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(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
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(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
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Total Non-Current Assets |
3.036 |
0.247 |
0.000 |
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(2) Current assets |
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(a) Current investments |
0.000 |
0.000 |
0.000 |
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(b) Inventories |
18.965 |
2.469 |
0.000 |
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(c) Trade receivables |
8.478 |
1.866 |
0.000 |
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(d) Cash and cash
equivalents |
2.135 |
0.199 |
0.117 |
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(e) Short-term loans and
advances |
0.422 |
2.416 |
0.000 |
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(f) Other current assets |
3.991 |
0.008 |
0.039 |
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Total Current Assets |
33.991 |
6.958 |
0.156 |
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TOTAL |
37.027 |
7.205 |
0.156 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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SALES |
145.000 |
168.500 |
NA |
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(Approximately) |
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EXPENSES |
NA |
NA |
NA |
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PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
0.213 |
0.187 |
(0.016) |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
0.081 |
0.048 |
0.000 |
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PROFIT/ (LOSS) BEFORE TAX |
0.132 |
0.139 |
(0.016) |
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Less |
TAX |
0.047 |
0.098 |
0.000 |
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PROFIT/ (LOSS) AFTER TAX
|
0.085 |
0.041 |
(0.016) |
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IMPORTS |
|
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Trading Goods |
NA |
16.032 |
0.000 |
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TOTAL IMPORTS |
NA |
16.032 |
0.000 |
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Earnings / (Loss) Per
Share (Rs.) |
8.50 |
4.10 |
(1.60) |
Expected Sales (2014-15): Rs.204.500 Million
The above information has been parted by Mr. Roshan Jain (General
Manager).
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.39 |
1.93 |
(10.26) |
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Return on Investment (ROI) (PBT/Networth) |
|
0.50 |
0.77 |
(0.19) |
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Debt Equity Ratio (Total Debt /Networth) |
|
0.50 |
2.02 |
0.74 |
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Current Ratio (Current Asset/Current Liability) |
|
0.92 |
0.99 |
2.17 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
(0.016) |
0.081 |
0.166 |
|
Net worth |
0.084 |
0.181 |
0.266 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.062 |
0.366 |
0.134 |
|
Total borrowings |
0.062 |
0.366 |
0.134 |
|
Debt/Equity ratio |
0.738 |
2.022 |
0.504 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Sales (Approximately) |
168.500 |
145.000 |
|
|
(13.947) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Sales (Approximately) |
168.500 |
145.000 |
|
Profit |
0.041 |
0.085 |
|
|
0.02% |
0.06% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT = NOT AVAILABLE
|
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
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 |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
GENERAL REVIEW
The Directors have foreseen a huge scope in
the field of reselling of Agricultural Commodities. Though the company has
achieved positive results, but company could not achieve its targeted turnover
as well as it could not achieve its target of Net Profit. The directors are
hopeful that the company shall be able to achieve its target of Net Profit in
the year to come. The directors foresee bright future for the company in the
coming years.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
SHORT TERM
BORROWING |
|
|
|
Loans and Advances from related parties |
0.134 |
0.366 |
|
Total |
0.134 |
0.366 |
INDEX OF CHARGES: NO CHARGES
EXIST FOR THE COMPANY
FIXED ASSETS
- Air Conditioner
- Computer A/C
- Electricals and Fitting
- Furniture
- Invertor and Battery
- Printer A/C
- Weighing Machine
Website Details:
Press Releases / Articles:
AGRI-COMMODITY EXPORTS
TO FALL OVER 10% DUE TO SLUMP IN GLOBAL FOOD PRICES
Most Agri-commodities
are trading below Indian MSP in global markets
Mumbai April 3,
2015
With global food prices slumping to six-year lows in March due to bumper production and high inventory levels, Indian Agri-exports are likely to face a setback.
Most Agri-commodities are currently trading below Indian minimum support price
(MSP) in the global markets.
“Most commodities in global markets are trading below the prevailing MSP in India. This will translate to at least 10% lower exports of Agri commodities from India in 2015-16 from the current estimated level of $32 billion including Agri commodities and plantation products,” said Ajay Sahai, Director General, and Federation of Indian Export Organization (FIEO).
While India’s Agri commodity exports would be lower, import bill for commodities like vegetable oil and pulses will also be subdued.
Data compiled by the Food and Agriculture Organization (FAO) of the United
Nations showed the world food price index continued to drop in March, down
18.7% (40 points) below its level a year ago. It is also a 1% dip over February
2015. Overall, except for a pause in October 2014, global food prices have been
falling steadily since April 2014, on account of large supplies.
“Fall in global prices will impact prices of Agri commodities in India to the extent they are traded with global markets. Commodities like Chana, wheat and rice are determined largely by domestic factors as they are less connected to global markets. Sugar, pulses and edible oils, however, will be affected. Commodities like maize will also get impacted as India exports huge quantity of maize,” said Madan Sabnavis, Chief Economist, Care Ratings.
Agri commodity prices have declined by up to 34% in the last one year. Wheat prices in global markets have plunged 34.4% to trade at $181.18 a tonne. Cotton and maize prices have also fallen by 33.24% and 31.32% to end the financial year 2014-15 at $1376.34 a tonne and $175.89 a tonne respectively. RBD palmolein and sugar posted a decline of 28.99% and 24.59% to trade at $612.50 a tonne and $357.60 a tonne respectively.
“Despite government’s assistance of Rs 4,000 a tonne on raw sugar exports, Indian mills are unable to ink purchase contracts with global buyers due to steep fall in raw sugar prices in the benchmark New York Mercantile Exchange. Sugar prices have hit seven-year lows due to over production in global markets and falling Brazilian real which makes export from Brazil more remunerative,” said Abinash Verma, Director General Indian Sugar Mills Association (ISMA).
AGRI-COMMODITIES SHOW
EARLY SIGNS OF PRICE REBOUND
Wholesale prices of
edible oils have risen 40% since Oct 15; pulses and wheat have surged 4.62% and
8.33%, respectively
Mumbai November
8, 2014
These could still be early signs, but it appears the breather onfood inflation that India has been enjoying for some time is going to end. Following a sharp reduction in production estimates, prices of key agricultural commodities have risen over the past three weeks.
According to data from the Union food ministry, the wholesale prices
of edible oils have increased up to 40 per cent since October 15,
while pulses and wheat have become costlier by 4.62 per cent and 8.33
per cent, respectively. The trend has been similar in global markets as well,
with Agri-commodity prices surging up to 6.55 per cent.
The rate of wholesale inflation in India had hit a near-three-year low of 3.52
per cent in September, mainly because of lower food prices until recently.
“We have reports of lower kharif output. So, prices normally tend to
go up. The extent of the price rise is a function of demand and supply, which
will be determined after actual arrivals in the market. Pulses will remain
elevated. But global output and the government’s export policies will determine
the prices of other commodities like edible oils and sugar,” said Madan
Sabnavis, chief economist, Care Ratings.
The forecast of a lower kharif output has started weighing on Agri-commodity
prices. The United Nations’ Food and Agriculture Organization (FAO), too, also
scaled down its earlier production estimates. It has said that India’s kharif
cereal output will contract due to the El Niño weather anomaly, which delayed
monsoon and caused deficient rains.
According the FAO, India’s cereal output this year could be 290.6 million
tonnes, two per cent lower than last year’s 296.5 million tonnes. In its report
in July, the world body had estimated the country’s cereal output to be 297.2
million tonnes. In its latest report, it also reduced its projection for global
cereal production to 2,522 million tonnes, 3.7 million tonnes lower than in
2013.
In line with the FAO estimates, India’s agriculture ministry, in its
first advanced estimates, has projected the country’s kharif foodgrain output
to be 120.27 million tonnes, a third straight season of decline — the
production was 129.24 million tonnes last year, 128.07 million tones in 2012-13
and 131.27 million tonnes in the year before that.
While India’s production of rice, wheat and sugar continues to be surplus, a
deficit in supply of pulses and edible oils has made it import-reliant. A
deficient monsoon has lowered the country’s kharif crop acreage this year and a
decline in agricultural output globally (including in India), is expected to
keep prices, especially those of edible oils and pulses, high.
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.62.59 |
|
|
1 |
Rs.92.45 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
PNM |
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 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.