MIRA INFORM REPORT
|
Report No. : |
316961 |
|
Report Date : |
20.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
AMEET METAPLAST
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No- 70/1,E-Road,
Midc Satpur, Nashik - 422007, Maharashtra |
|
Tel no.: |
91-253-2350582 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
05.03.2008 |
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|
|
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Com. Reg. No.: |
11-179716 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs. 48.550 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27320MH2008PTC179716 |
|
|
|
|
IEC No.: |
3108015010 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKA05093E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAHCA2357A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Manufacturer of
PVC Heat Shrinkable Label, Special Grade Insulation Film and Bopp Label. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 100000 |
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|
|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track. The company has recorded some accumulated losses from its operations. However, trade relations seem to be fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered for business dealings with caution. |
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating = B |
|
Rating Explanation |
High risk of default |
|
Date |
October 22, 2014 |
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 INFORMATION)
|
Name : |
Mr. Ramchandra Nayak |
|
Designation : |
Branch Manager |
|
Contact No.: |
91-253-2350582 |
|
Date : |
14.04.2015 |
LOCATIONS
|
Registered Office : |
Plot No G-23, MIDC Area, Satpur, Nashik – 422007,
Maharashtra, India |
|
Tel. No.: |
91-253-2350582/2310893 |
|
Mobile No.: |
91-9921909991 (Mr. Nitin) |
|
Fax No.: |
91-253-2363735 |
|
E-Mail : |
cakayde@gmail.com |
|
Website : |
www.ameetsleeve.com |
|
Area : |
Owned |
|
Location : |
Commercial |
|
|
|
|
Head Office : |
C/o. Shivanand Industries, Plot No. C-12/3, NICE Area, ‘A’ Road, MIDC,
Satpur, Nashik – 422007, Maharashtra, India
|
|
|
|
|
Factory : |
Plot No- 70/1, E- Road, MIDC,
Satpur, Nasik - 422007, Maharashtra, India |
|
Tel. No.: |
91-253-2350271 / 2350371 |
|
Fax No.: |
91-253-2350538 |
|
E-Mail : |
nileshahire@ameetsleeve.com |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Kautik Motiram Ahire |
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|
Designation : |
Director |
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|
Address : |
11, Vidyasagar Co- Housing Society, Near Narsingh Nagar, Nashik –
422013, Maharashtra, India |
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|
Date of Birth/Age : |
01.06.1961 |
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Date of Appointment : |
05.03.2008 |
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DIN No.: |
00099025 |
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Other Directorship :
|
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||||||||||||||||||||||||||||||||||||
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Name : |
Ms. Rohini Kautik Ahire |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
11, Vidyasagar Co- Housing Society, Near Narsingh Nagar, Nashik – 422013,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.01.1967 |
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Date of Appointment : |
05.03.2008 |
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DIN No.: |
00099001 |
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Other Directorship :
|
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KEY EXECUTIVES
|
Name : |
Mr. Ramchandra Nayak |
|
Designation : |
Branch Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age |
|
Kautik Motiram Ahire |
299000 |
61.59 |
|
Rohini Kautik Ahire |
170000 |
35.02 |
|
Nilesh Kautik Ahire |
16500 |
3.40 |
|
|
|
|
|
Total |
485500 |
100.00 |
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
PVC Heat Shrinkable Label, Special Grade Insulation Film and Bopp Label. |
|
|
|
|
Products : |
|
|
|
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|
Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash, Cheque |
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Purchasing : |
Cash, Cheque |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers
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No. of Employees : |
50 Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
|
|
Auditors : |
|
|
Name : |
Kayde and Associates Chartered Accountants |
|
Address : |
Flat No. 3, Navkar Residency, Racca Colony, Sharanpur Road, Nashik –
422002, Maharashtra, India |
|
Mob No.: |
91-9822038658 |
|
Tel No.: |
91-253-2310893/2318746 |
|
Fax No.: |
91-253-230893 |
|
Email: |
cakayde@gmail.com |
|
PAN No.: |
AARPK6204D |
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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 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs. 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
485500 |
Equity Shares |
Rs.100/-
each |
Rs. 48.550
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
48.550 |
40.000 |
27.400 |
|
(b) Reserves & Surplus |
(11.337) |
(13.713) |
(14.758) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.200 |
0.150 |
|
Total
Shareholders’ Funds (1) + (2) |
37.213 |
26.487 |
12.792 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
49.137 |
57.332 |
57.097 |
|
(b) Deferred tax liabilities (Net) |
2.967 |
1.526 |
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) |
52.104 |
58.858 |
57.097 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
30.516 |
30.548 |
26.378 |
|
(b) Trade
payables |
21.467 |
6.973 |
31.468 |
|
(c) Other
current liabilities |
17.601 |
14.389 |
12.017 |
|
(d) Short-term
provisions |
8.572 |
2.271 |
1.208 |
|
Total Current
Liabilities (4) |
78.156 |
54.181 |
71.071 |
|
|
|
|
|
|
TOTAL |
167.473 |
139.526 |
140.960 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
126.075 |
116.396 |
107.771 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.346 |
0.342 |
0.343 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
126.421 |
116.738 |
108.114 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
|
|
|
|
(b)
Inventories |
13.272 |
8.202 |
8.505 |
|
(c) Trade
receivables |
17.967 |
7.748 |
11.779 |
|
(d) Cash
and cash equivalents |
4.940 |
1.586 |
3.292 |
|
(e)
Short-term loans and advances |
0.477 |
0.682 |
2.573 |
|
(f) Other
current assets |
4.396 |
4.570 |
6.697 |
|
Total
Current Assets |
41.052 |
22.788 |
32.846 |
|
|
|
|
|
|
TOTAL |
167.473 |
139.526 |
140.960 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Gross Sales – Turnover |
153.990 |
56.928 |
66.361 |
|
|
|
Other Income |
N.A |
N.A |
N.A |
|
|
|
TOTAL |
N.A |
N.A |
N.A |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
N.A |
N.A |
N.A |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
6.997 |
5.602 |
0.591 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.180 |
3.031 |
8.115 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3.817 |
2.571 |
(7.524) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.441 |
1.526 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.376 |
1.045 |
(7.524) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.89 |
2.15 |
(15.50) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin (PAT/Gross Sales) |
(%) |
1.54 |
1.84 |
(11.34) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.28 |
1.84 |
(5.34) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.10 |
(0.59) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.14 |
3.34 |
6.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.53 |
0.42 |
0.46 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
27.400 |
40.000 |
48.550 |
|
Reserves & Surplus |
(14.758) |
(13.713) |
(11.337) |
|
Net
worth |
12.642 |
26.287 |
37.213 |
|
|
|
|
|
|
long-term borrowings |
57.097 |
57.332 |
49.137 |
|
Short term borrowings |
26.378 |
30.548 |
30.516 |
|
Total
borrowings |
83.475 |
87.880 |
79.653 |
|
Debt/Equity
ratio |
6.603 |
3.343 |
2.140 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Gross Sales Turnover |
66.361 |
56.928 |
153.990 |
|
|
|
(14.215) |
170.500 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Gross Sales Turnover |
66.361 |
56.928 |
153.990 |
|
Profit |
(7.524) |
1.045 |
2.376 |
|
|
(11.34)% |
1.84% |
1.54% |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
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 |
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 |
Yes |
OPERATIONS:
After induction of Luggage to the product portfolio, the performance of
the company started multiplying. Presently, we are generating a monthly
turnover nearing Rs. 0.200 Million, This indicates really a good future for the
company and all stakeholders.
Company is now planning to undertake expansion into other products, and
for the purpose, your directors are planning to construct an additional factory
building and acquiring some more machines. The work of Project planning is
nearing completion.
This explosion will give a future push to the success of the company.
FINANCE:
Though the profits of the company are growing, the funds generation is
not sufficient to take care of current responsibilities of the company. the
directors are planning to create new opportunities so as to improve the fund
generation. the company believes in continual improvements and has never ending
desire to excel. the company had added new machines and other fixed assets
supportive to the production will create more products and add more features to
the existing ones to make manufacturing more seamless than now.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Long Term
Borrowing |
|
|
|
Loans and advance from related parties Loans /Deposits from Intercompany, Shareholder, Director and relatives
(of the above Whole amount is guaranteed by Director and / or others Terms of
Repayment ) |
23.374 |
14.533 |
|
Other loans and advances (of the above Whole Whole amount is guaranteed by Director and / or
others Terms of Repayment )) |
8.343 |
4.774 |
|
|
|
|
|
Total |
31.717 |
19.307 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10557780 |
03/03/2015 |
120,000,000.00 |
RELIGARE FINVEST LIMITED |
D3, P3B,, District Centre, Saket, New
Delhi, Delh |
C48183784 |
|
2 |
10184442 |
03/04/2012 * |
117,500,000.00 |
BANK OF MAHARASHTRA |
P.NO.44/13, MIDC, SSI SATPUR BRANCH,
NASIK, Mahar |
B39726179 |
|
3 |
10146444 |
21/10/2009 * |
104,000,000.00 |
BANK OF MAHARASHTRA |
SSI BRANCH, 44/13, D-ROAD,, MIDC, SATPUR,,
NASHIK |
A73448284 |
* Date of charge modification
FIXED ASSETS
·
Building
·
Factory Land
·
Plant and Machinery
·
Electrical Installation
·
Tools and Equipments
·
Office Equipments
·
Furniture and Fixture
·
Computers
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.62.34 |
|
|
1 |
Rs.93.09 |
|
Euro |
1 |
Rs.67.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
MAN |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.