MIRA INFORM REPORT
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Report No. : |
316014 |
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Report Date : |
07.04.2015 |
IDENTIFICATION DETAILS
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Name : |
PRECISE FLEXIBLES PRIVATE LIMITED |
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Registered
Office : |
H No.3-6-480, Himayat Nagar, Hyderabad – 500029, Telangana |
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Country : |
India |
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Financials (as
on) : |
Not Available |
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Date of
Incorporation : |
13.10.2014 |
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Com. Reg. No.: |
36-095971 |
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Capital Investment
/ Paid-up Capital : |
Rs. 0.500 Million |
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CIN No.: [Company Identification
No.] |
U28113TG2014PTC095971 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
HYDP09363E |
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PAN No.: [Permanent Account No.] |
AAHCP8603J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of aluminium foil. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New Business |
- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company establishing itself gradually. The ratings take into consideration, the huge potential in the
industry backed by its varied properties and it’s used in diverse industries
such as automobiles, transport, food packaging, architecture,
electrical applications backed by recently planned infrastructure development as a
result of government initiatives. However, in the nascence stages of inception the management has to go through
strict measures and implications of the rise in input cost characterized by
the Coal India’s new pricing mechanism which would increase the prices of
coal. Further, the reserved quota for the power sector may see a decline in
supply of coal feed to the metal industry for which the subject may have to
rely on expensive imported coal for their operations which may surely impact
the workings of the subject posing a need for optimum utilization of
resources through possible cost management. Over the past one year, an increase in the cost of major inputs such
as power and alumina has also led to a sharp decline in Indian aluminium
manufacturers' margins, lowering the manufacturers' competitiveness. Hence,
over the long term, the availability of raw material linkages will determine
the profitability of subject. However, trade relations may improve. Business is active. Payment
terms are unknown. In view of infancy, the company can be considered for business
dealings on a safe and secured 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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Date |
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 DECLINED BY
|
Name : |
Mr. K V Reddy |
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Designation : |
Chief Executive Officer |
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Contact No.: |
91-9392431113 |
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Date : |
03.04.2015 |
LOCATIONS
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Registered Office : |
H No.3-6-480, Himayat Nagar, Hyderabad – 500029, Telangana, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9392431113 (Mr. K V Reddy) |
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Fax No.: |
Not Available |
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E-Mail : |
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Factory: |
C-14, IDA Uppal, Hyderabad – 500039, Telangana, India |
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Tel. No.: |
040-27207344/27208937 |
DIRECTORS
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Name : |
Ms. Swathi Katanguri |
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Designation : |
Director |
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Address : |
H No.3-6-480, Himayat Nagar, Hyderabad – 500029, Telangana, India |
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Date of Birth/Age : |
02.04.1988 |
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Date of Appointment : |
13.10.2014 |
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DIN No.: |
06948554 |
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PAN No.: |
BRRPK5282P |
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Name : |
Mr. Venkat Reddy Uppunuthula |
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Designation : |
Director |
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Address : |
H No.3-6-481, 2nd Floor, Hardikhar
Bagh, Near Vijaya Bank, Himayath Nagar Hyderabad – 500029, Telangana, India |
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Date of Birth/Age : |
30.01.1965 |
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Date of Appointment : |
13.10.2014 |
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DIN No.: |
06948577 |
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PAN No.: |
AAHPU8015A |
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Name : |
Ms. Sushma Sandhi |
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Designation : |
Additional director |
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Address : |
Plot No.47, Flat No.301, Sai Pavan Nilayam, Jaya Nagar,
KPHB Bala Nagar, Ranga Reddy., Hyderabad, 500072, Telangana, India |
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Date of Birth/Age : |
15.05.1989 |
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Date of Appointment : |
10.12.2014 |
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DIN No.: |
07040634 |
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Name : |
Ms. Swapna Radharapu |
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Designation : |
Additional director |
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Address : |
H.No-11-2-472/1/3, Near Nehru Primary School, Namalgunda,
Secunderabad, Hyderabad - 500061, Telangana, India |
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Date of Birth/Age : |
15.07.1985 |
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Date of Appointment : |
10.12.2014 |
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DIN No.: |
07040634 |
KEY EXECUTIVE
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Name : |
Mr. K V Reddy |
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Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Swathi Katanguri |
5000 |
50.00 |
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Venkat Reddy Uppunuthula |
5000 |
50.00 |
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Total |
10000 |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of aluminium foil. |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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 : |
Not Divulged |
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Bankers : |
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Auditors : |
Not Divulged |
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Memberships : |
-- |
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Collaborators : |
-- |
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Related Party: |
Hyderabad Security Offset Printers Private Limited, Hyderabad –
500039, Telangana, India |
CAPITAL STRUCTURE
Authorised 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 |
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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 |
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FINANCIAL DATA
[all figures are
in Rupees Million]
NEW BUSINESS
LOCAL AGENCY FURTHER INFORMATION
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Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
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2] |
Locality of the firm |
Yes |
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3] |
Constitutions of the firm |
Yes |
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4] |
Premises details |
No |
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5] |
Type of Business |
Yes |
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6] |
Line of Business |
Yes |
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7] |
Promoter's background |
Yes |
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8] |
No. of employees |
No |
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9] |
Name of person contacted |
Yes |
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10] |
Designation of contact
person |
Yes |
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11] |
Turnover of firm for last
three years |
No |
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12] |
Profitability for last
three years |
No |
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13] |
Reasons for variation
<> 20% |
-- |
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14] |
Estimation for coming financial
year |
No |
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15] |
Capital in the business |
Yes |
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16] |
Details of sister
concerns |
Yes |
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17] |
Major suppliers |
No |
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18] |
Major customers |
No |
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19] |
Payments terms |
No |
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20] |
Export / Import details
(if applicable) |
No |
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21] |
Market information |
-- |
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22] |
Litigations that the firm
/ promoter involved in |
-- |
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23] |
Banking Details |
Yes |
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24] |
Banking facility details |
Yes |
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25] |
Conduct of the banking
account |
-- |
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26] |
Buyer visit details |
-- |
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27] |
Financials, if provided |
No |
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28] |
Incorporation details, if
applicable |
Yes |
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29] |
Last accounts filed at
ROC |
No |
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30] |
Major Shareholders, if
available |
Yes |
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31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
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33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10538683 |
03/12/2014 |
10,000,000.00 |
ANDHRA BANK |
SULTAN BAZAR, KOTI,
HYDERABAD, TELANGANA - 500091 |
C38096913 |
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.62.16 |
|
|
1 |
Rs.92.73 |
|
Euro |
1 |
Rs.68.23 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
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Analysis Done by
: |
SUC |
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Report Prepared
by : |
KVT |
RATING EXPLANATIONS
|
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 |
|
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.