MIRA INFORM REPORT
|
Report No. : |
317689 |
|
Report Date : |
17.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
KRISHNA VALLEY
AGRO INDIA LIMITED |
|
|
|
|
Formerly known
As : |
KRISHNA VALLEY
AGRICULTURE MARKETING (INDIA) LIMITED |
|
|
|
|
Registered Office
: |
42/43, Nav Maharashtra House, Shaniwar Peth, Pune - 411030 Maharashtra |
|
Tel. No. : |
91-20-24461021 |
|
|
|
|
Country : |
India |
|
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|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
11.03.1997 |
|
|
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|
Com. Reg. No.: |
11-106486 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 6.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51219PN1997PLC106486 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
KLPK00951G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK5718K |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
Line of Business
: |
Manufacturer of Organic Fertilizers, Bio - Stimulant, Natural Plant enhance,
Bio – Pesticides, Spraying Pumps |
|
|
|
|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having moderate track record. Management of the company has not filed its financial with government
department for the year 2014. As per available financial of 2013, profit margin of the company seems
to be very low. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered for business dealings with some caution. |
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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Santosh Shinde |
|
Designation : |
Account Department |
|
Contact No.: |
91-20-24461022 |
|
Date : |
13.04.2015 |
LOCATIONS
|
Registered Office : |
42/43, Nav Maharashtra House, Shaniwar Peth, Pune - 411030
Maharashtra, India |
|
Tel. No.: |
91-20-24461022 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
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|
|
|
|
Factory : |
Plot No. A5, Kupwad GIDC Kupwad Block, Sangali – 416436, Maharashtra,
India |
DIRECTORS
As on 30.09.2013
|
Name : |
Ms. Lunked Pravin Shruti |
|
Designation : |
Director |
|
Address : |
Suraj Palace, 55/56 Koregaon Park, Pune -411001, Maharashtra, India |
|
Date of Birth/Age : |
22.08.1984 |
|
Date of Appointment : |
12.04.2010 |
|
DIN No.: |
00475115 |
|
|
|
|
Name : |
Mr. Chotai Jayantitlal Sameer |
|
Designation : |
Director |
|
Address : |
Arihant Apartments. 565 Hiwri Layout, Nagpur – 44008, Maharashtra,
India |
|
Date of Birth/Age : |
10.05.1980 |
|
Date of Appointment : |
12.04.2010 |
|
DIN No.: |
02963131 |
|
|
|
|
Name : |
Ms. Lunked Pravin Aruna |
|
Designation : |
Director |
|
Address : |
Suraj Palace, 55/56 Koregaon Park, Pune -411001, Maharashtra, India |
|
Date of Birth/Age : |
13.03.1959 |
|
Date of Appointment : |
01.04.2012 |
|
DIN No.: |
00275495 |
KEY EXECUTIVES
|
Name : |
Mr. Santosh Shinde |
|
Designation : |
Account Department |
|
|
|
|
Name : |
Mr. Shekhar Ghatpande and company |
|
Designation : |
Company Secretaries |
|
Address : |
“Sarasati” Flat no, 13, 3rd Floor, 93, Rambaug Colony,
Paud, Road, Kothrud, Pune – 411038, Maharashtra, India |
|
Tel. No. : |
91-20-25435387 |
|
Mobile No. |
91-9422089343 |
|
Email : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Kamath G Narayan |
|
1 |
|
Lunkad Surajmal Pravin |
|
1 |
|
Lunkad Pravin Aruna |
|
219994 |
|
Lunkad Pravin Payal |
|
200001 |
|
Soniminde Shantilal Ramesh |
|
1 |
|
Bora Motilal Madanlal |
|
1 |
|
Lunkad Pravin Shruti |
|
230000 |
|
Sheth Nasrudas Yogesh |
|
1 |
|
Total |
|
650000 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Organic Fertilizers, Bio - Stimulant, Natural Plant
enhance, Bio – Pesticides, Spraying Pumps |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
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|
|
Agencies Held : |
Not Available |
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|
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Spares |
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Countries : |
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|
|
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Terms : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
300 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Sanjay N Pawar and Associates Chartered Accountants |
|
Address : |
Office No 3 Gire Chambers 2nd Floor, 1042 Shukrawar Peth Hirabaug Chowk Tilak Road, Pune – 411002, Maharashtra, India |
|
PAN No.: |
AAYPP3539M |
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Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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|
|
|
Associates/Subsidiaries : |
|
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750,000 |
Equity Shares |
Rs.10/- each |
Rs. 7.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
650,000 |
Equity Shares |
Rs.10/- each |
Rs. 6.500
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
6.500 |
6.500 |
6.500 |
|
(b) Reserves & Surplus |
9.966 |
9.408 |
9.076 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
16.466 |
15.908 |
15.576 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.149 |
0.361 |
0.547 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
0.149 |
0.361 |
0.547 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
8.079 |
0.000 |
0.000 |
|
(b) Trade payables |
4.796 |
16.980 |
16.205 |
|
(c) Other current liabilities |
1.225 |
0.566 |
0.495 |
|
(d) Short-term provisions |
2.211 |
2.384 |
2.131 |
|
Total
Current Liabilities (4) |
16.311 |
19.930 |
18.831 |
|
|
|
|
|
|
TOTAL |
32.926 |
36.199 |
34.954 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1.387 |
8.490 |
9.194 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.539 |
0.514 |
0.514 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.507 |
1.487 |
5.469 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
3.433 |
10.491 |
15.177 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
6.533 |
5.855 |
8.539 |
|
(c) Trade receivables |
9.420 |
12.255 |
9.248 |
|
(d) Cash and cash equivalents |
1.782 |
1.428 |
1.163 |
|
(e) Short-term loans and
advances |
11.459 |
5.871 |
0.528 |
|
(f) Other current assets |
0.299 |
0.299 |
0.299 |
|
Total
Current Assets |
29.493 |
25.708 |
19.777 |
|
|
|
|
|
|
TOTAL |
32.926 |
36.199 |
34.954 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
652.680 |
646.088 |
585.827 |
|
|
Other Income |
(1.320) |
(0.249) |
(0.205) |
|
|
TOTAL
(A) |
651.360 |
645.839 |
585.622 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
640.044 |
632.462 |
572.115 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(0.678) |
2.683 |
5.292 |
|
|
Employees benefits expense |
5.058 |
3.769 |
2.934 |
|
|
Other expenses |
5.471 |
5.454 |
3.509 |
|
|
TOTAL
(B) |
649.895 |
644.368 |
583.850 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
1.465 |
1.471 |
1.772 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.729 |
0.095 |
0.142 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.736 |
1.376 |
1.630 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
0.178 |
0.744 |
1.013 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
0.558 |
0.632 |
0.617 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
0.000 |
0.300 |
0.195 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
0.558 |
0.332 |
0.422 |
|
|
|
|
|
|
|
|
Value of Imports on CIF basis |
106.482 |
59.024 |
32.263 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.86 |
0.51 |
0.65 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.09 |
0.05 |
0.07 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
0.22 |
0.23 |
0.30 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.72 |
1.77 |
1.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.04 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.50 |
0.02 |
0.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.81 |
1.29 |
1.05 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
6.500 |
6.500 |
6.500 |
|
Reserves & Surplus |
9.076 |
9.408 |
9.966 |
|
Net
worth |
15.576 |
15.908 |
16.466 |
|
|
|
|
|
|
long-term borrowings |
0.547 |
0.361 |
0.149 |
|
Short term borrowings |
0.000 |
0.000 |
8.079 |
|
Total
borrowings |
0.547 |
0.361 |
8.228 |
|
Debt/Equity
ratio |
0.035 |
0.023 |
0.500 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
585.827 |
646.088 |
652.680 |
|
|
|
10.286 |
1.020 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
585.827 |
646.088 |
652.680 |
|
Profit |
0.422 |
0.332 |
0.558 |
|
|
0.07% |
0.05% |
0.09% |
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
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 |
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 |
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 |
No |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10495785 |
26/03/2014 |
14,700,000.00 |
State Bank of India |
Industrial Finance Branch,Near Kalasagar Hotel, Pimpri, Pune, Maharashtra - 411034, INDIA |
C04786992 |
|
2 |
10380360 |
20/09/2012 |
9,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
SHOWROOM NO.A, C WING, KPCT MALL, FATIMA NAGAR, PUNE, Maharashtra - 411013, INDIA |
B59622126 |
|
3 |
90086128 |
18/07/2005 * |
50,000,000.00 |
UCO BANK |
CHURCHOATE BRANCH;
INDUSTRY HOUSE, 159; CHURCHAGA |
- |
|
4 |
90091902 |
18/07/2005 * |
10,000,000.00 |
UCO BANK |
CHURCHGATE BRANCH,
INDUSTRY HOUSE; 159 CHURCHGATE |
- |
|
5 |
90088131 |
01/09/1998 |
200,000.00 |
KRISHNA VALLEY CO-OP BANK LTD |
M.I.D.C. KUPWAD; A/P-KUPWAD, TAL-MIRAJ, SANGLI, Maharashtra - 416425, INDIA |
* Date of charge modification
FIXED ASSETS
- Land
- Building
- Plantation
- Plant And machinery
- Furniture and Fixture
- Vehicle
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 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.62.37 |
|
|
1 |
Rs.92.44 |
|
Euro |
1 |
Rs.66.56 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ART |
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 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--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.