MIRA INFORM REPORT
|
Report No. : |
317161 |
|
Report Date : |
20.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
MOKA BUSINESS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
405, 4th Floor, Kailash Tower, Tonk Road, Jaipur – 302018, Rajasthan |
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Country : |
India |
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|
Financials (as
on) : |
31.03.2014 |
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|
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Date of
Incorporation : |
21.04.2011 |
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|
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Com. Reg. No.: |
17-034888 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 10.000 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U17229RJ2011PTC034888 |
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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, Importer and Distributor of Specialty Chemicals. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 21000 |
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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 a company with limited operational history, having moderate
track. The company possesses a moderate financial profile marked by modest
networth base comprised of low reserves, which is mitigated on account of
infusion of promoter funds along with increased gearing and moderate working
capital intensive operations during the year under review. Management has witnessed a rapid growth in its revenue base, whereas
has reported a low profit margin from its distributing operations during
FY14. However, trade relations seem to be fair. Business is active. Payment
terms are reported as slow but correct. In view of the company being in embryonic stages, it 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 |
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
|
Name : |
Mr. Yogesh Jajoo |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-141-2740653 |
|
Date : |
14.04.2015 |
LOCATIONS
|
Registered Office : |
405, 4th Floor, Kailash Tower, Tonk Road,
Jaipur – 302018, Rajasthan, India |
|
Tel. No.: |
91-141-2740652 / 653 |
|
Fax No.: |
91-141-2214071 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Mohit Maheshwari |
|
Designation : |
Director |
|
Address : |
12, Karwa Bhawan, Barkat Nagar, Bhardwaj Marg, Tonk Road, Jaipur-302015, Rajasthan, India |
|
Date of Birth/Age : |
26.03.1978 |
|
Date of Appointment : |
21.04.2011 |
|
DIN No.: |
03475844 |
|
|
|
|
Name : |
Mr. Sarika Maheshwari |
|
Designation : |
Director |
|
Address : |
12, Barkat Nagar, Tonk Phatak, Ward No. 20, Jaipur-302015, Rajasthan, India |
|
Date of Birth/Age : |
05.07.1981 |
|
Date of Appointment : |
21.04.2011 |
|
DIN No.: |
03475854 |
KEY EXECUTIVES
|
Name : |
ARMS and Associates |
|
Designation : |
Company Secretaries |
|
Address : |
24 KA 1, Jyoti Nagar, Lal Kothi, Jaipur – 302004, Rajasthan, India |
|
Mobile No. : |
91- 9529908404 |
|
Email: |
|
|
|
|
|
Name : |
Mr. Yogesh Jajoo |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Mohit
Maheshwari |
|
498997 |
|
Sarika
Maheshwari |
|
151000 |
|
Innovative Industries, India |
|
1 |
|
Urmila Dhoot |
|
1 |
|
Manju Mundra |
|
1 |
|
Total |
|
650000 |
AS ON 30.09.2014
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 : |
Trader, Importer and Distributor of Specialty Chemicals. |
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Products : |
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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 : |
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Products : |
Chemicals |
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Countries : |
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Terms : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Retailers and End Users
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
P. Maheshwari and Company Chartered Accountants |
|
Address : |
T-90, Raisar Plaza, Indira Bazar, Jaipur – 302001, Rajasthan, India |
|
Tel. No.: |
91-141-2419002 / 4009019 |
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Mobile No.: |
91-9414055739 |
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PAN No.: |
AAGFP0407Q |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital :
Rs.10.000 Million
Issued, Subscribed & Paid-up Capital : Rs.10.000 Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
650,000 |
Equity Shares |
Rs.10/- each |
Rs.6.500 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 |
31.03.2014 |
31.03.2013 |
21.04.2011 TO 31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
6.500 |
2.500 |
1.000 |
|
(b) Reserves & Surplus |
0.785 |
0.255 |
0.044 |
|
(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) |
7.285 |
2.755 |
1.044 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
5.731 |
4.429 |
2.100 |
|
(b) Deferred tax liabilities (Net) |
0.011 |
0.005 |
0.002 |
|
(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) |
5.742 |
4.434 |
2.102 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
4.926 |
2.540 |
1.017 |
|
(b) Trade
payables |
55.343 |
19.567 |
2.242 |
|
(c) Other
current liabilities |
6.671 |
1.963 |
0.010 |
|
(d) Short-term
provisions |
0.326 |
0.106 |
0.028 |
|
Total Current
Liabilities (4) |
67.266 |
24.176 |
3.297 |
|
|
|
|
|
|
TOTAL |
80.293 |
31.365 |
6.443 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
11.233 |
4.644 |
0.172 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
11.233 |
4.644 |
0.172 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
6.797 |
1.613 |
0.000 |
|
(b)
Inventories |
11.089 |
5.798 |
0.086 |
|
(c) Trade
receivables |
39.211 |
15.857 |
2.640 |
|
(d) Cash
and cash equivalents |
2.603 |
0.673 |
1.118 |
|
(e)
Short-term loans and advances |
9.313 |
2.757 |
2.228 |
|
(f) Other
current assets |
0.047 |
0.023 |
0.199 |
|
Total
Current Assets |
69.060 |
26.721 |
6.271 |
|
|
|
|
|
|
TOTAL |
80.293 |
31.365 |
6.443 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
21.04.2011 TO 31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
243.749 |
107.219 |
28.226 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL (B) |
239.034 |
104.673 |
28.373 [Including
Finance Expenses] |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
4.715 |
2.546 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
3.433 |
2.262 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.282 |
0.284 |
0.091 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.604 |
0.047 |
0.017 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
0.678 |
0.237 |
0.074 |
|
|
|
|
|
|
|
Less |
TAX (H) |
0.147 |
0.026 |
0.028 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
0.531 |
0.211 |
0.046 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
0.82 |
0.84 |
-- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
21.04.2011
TO 31.03.2012 |
|
Net Profit Margin |
(%) |
0.22 |
0.20 |
0.16 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
1.93 |
2.37 |
0.32 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.84 |
0.76 |
1.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.09 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.46 |
2.53 |
2.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.03 |
1.11 |
1.90 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
21.04.2011 TO 31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
1.000 |
2.500 |
6.500 |
|
Reserves & Surplus |
0.044 |
0.255 |
0.785 |
|
Net worth |
1.044 |
2.755 |
7.285 |
|
|
|
|
|
|
long-term borrowings |
2.100 |
4.429 |
5.731 |
|
Short term borrowings |
1.017 |
2.540 |
4.926 |
|
Total borrowings |
3.117 |
6.969 |
10.657 |
|
Debt/Equity ratio |
2.986 |
2.530 |
1.463 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
21.04.2011 TO 31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
28.226 |
107.219 |
243.749 |
|
|
|
279.859 |
127.338 |
NET PROFIT MARGIN
|
Net Profit Margin |
21.04.2011 TO 31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
28.226 |
107.219 |
243.749 |
|
Profit |
0.046 |
0.211 |
0.531 |
|
|
0.16% |
0.20% |
0.22% |
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 |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
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 |
UNSECURED LOAN
|
PARTICULAR |
31.03.2014 Rs.
In Million |
31.03.2013 Rs.
In Million |
|
Long Term
Borrowing |
|
|
|
Term Loan from Other Parties |
1.997 |
4.429 |
|
Total |
1.997 |
4.429 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10539408 |
04/12/2014 |
8,000,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
TILAK MARG BRANCH, JAIPUR, RAJASTHAN - 302005, IND |
C38514337 |
|
2 |
10495766 |
23/05/2014 |
8,000,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
TILAK MARG, JAIPUR, RAJASTHAN - 302001, INDIA |
C04782835 |
|
3 |
10490000 |
28/03/2014 |
40,000,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
TILAK MARG, TILAK MARG, RAJASTHAN - 302001, INDIA |
C03761970 |
|
4 |
10481796 |
03/03/2015 * |
61,000,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
TILAK MARG BRANCH, JAIPUR, RAJASTHAN - 302005, IND |
C46809059 |
|
5 |
10481798 |
16/01/2014 |
3,000,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
TILAK MARG BRANCH, JAIPUR, RAJASTHAN - 302005, IND |
B98183841 |
|
6 |
10418616 |
09/04/2013 |
900,000.00 |
PUNJAB NATIONAL BANK |
MID CORPORATE BRANCH,, M.I.ROAD,, JAIPUR, RAJASTH |
B72861529 |
* Date of charge modification
OPERATIONAL REVIEW
AND FUTURE PROSPECTS
The business activity of the company was satisfactory during the year. The company has earned a profit of Rs.0.531 Million as compared to the previous year profit of Rs.0.211 Million. During the year company earned a net profit of Rs.0.531 after meeting out all the expenses, depreciation and taxation and company is taking necessary steps to improve the sales in order to meet the increased administrative cost and is hopeful to have better working the coming year.
FIXED ASSETS
- Computer
- Printer
- Furniture and
Fixtures
- Mobile
Instrument
- Air
Conditioner
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.62.35 |
|
|
1 |
Rs.93.10 |
|
Euro |
1 |
Rs.67.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.