MIRA INFORM REPORT
|
Report No. : |
318527 |
|
Report Date : |
22.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
EATON POWER QUALITY PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
CG POWERWARE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.2, EVR Street, Sedarapet, Pondicherry - 605111 |
|
Tel. No.: |
91-120-3855300 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2011 |
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|
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|
Date of
Incorporation : |
01.03.1996 |
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|
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|
Com. Reg. No.: |
59-002941 [NEW] 11-097812 [OLD] |
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|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.128.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900PY1996PTC002941 [NEW] U72900MH1996PTC097812 [OLD] |
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|
|
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELP08842B |
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|
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PAN No.: [Permanent Account No.] |
AAACC6943R |
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Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Trader and Manufacturer activities in UPS and DC Power Systems, SMPS Power Supply and Power Distribution System Maintenance Service for these items. |
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|
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|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Unknown |
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|
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. Management of the company has failed to file its financial after 2011
with the government department. Snehal Parikh (Manager) has declined to disclose any information about
the subject to us. However, Business is active as per the status shown in the registrar
of companies. Payments are reported to be unknown. The company can be considered for business dealings on 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 |
|
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 DENIED BY
|
Name : |
Snehal Parikh |
|
Designation : |
Manager |
|
Contact No.: |
91-120-3855300 |
|
Date : |
18.04.2015 |
LOCATIONS
|
Registered Office : |
No.2, EVR Street, Sedarapet, Pondicherry - 605111, India |
|
Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Head Office/ Administrative Office
: |
6th Floor, Tower- B, Plot # 8, Sector - 127, Noida –
201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-3855300 |
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|
|
|
Service Centre : |
B1/D1Basement, Mohan Cooperative Industrail Estate, Near
Sagar Ratna Restaurant Mathura Road,
New Delhi – 110044,
India |
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|
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Regional Offices : |
Located at:
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Branch Offices : |
Located at:
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DIRECTORS
As on: 30.06.2012
|
Name : |
Mr. Deepak Sharma |
|
Designation : |
Director |
|
Address : |
N-30, Panchsheel Park, New Delhi – 110017, India |
|
Date of Birth/Age : |
19.03.1959 |
|
Qualification : |
Post Graduate |
|
Date of Appointment
: |
01.04.2001 |
|
PAN No.: |
AMCPS8533J |
|
Date of cessation : |
31.08.2012 |
|
DIN No.: |
00308666 |
|
|
|
|
Name : |
Mr. James Allan Sternweis |
|
Designation : |
Director |
|
Address : |
6655, Winston Lane Solon, Ohio 44139, USA |
|
Date of Birth/Age : |
05.04.1952 |
|
Date of Appointment
: |
29.09.2004 |
|
Date of cessation : |
16.09.2014 |
|
DIN No.: |
00492025 |
|
|
|
|
Name : |
Thomas Stephen Gross |
|
Designation : |
Director |
|
Address : |
15 Colony Lane, Bratenahl, Ohio – 44108, USA |
|
Date of Birth/Age : |
04.08.1954 |
|
Date of Appointment
: |
29.09.2004 |
|
Date of cessation : |
16.09.2014 |
|
DIN No.: |
00479232 |
|
|
|
|
Name : |
Mr. Ravindra Mohan Mathur |
|
Designation : |
Director |
|
Address : |
C-156, Sector -50, Noida – 201307, Uttar Pradesf, India |
|
Date of Birth/Age : |
07.04.1958 |
|
Qualification : |
Post Graduate |
|
Date of Appointment
: |
05.10.2004 |
|
PAN No.: |
AGBPM8467C |
|
Date of cessation : |
01.07.2014 |
|
DIN No.: |
00308169 |
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|
|
|
Name : |
Mr. David Paul Johnson |
|
Designation : |
Director |
|
Address : |
7208 Cabin Creek Lane, Raleigh Etn 1967 USA |
|
Date of Birth/Age : |
26.01.1967 |
|
Date of Appointment
: |
05.10.2004 |
|
Date of cessation : |
31.08.2012 |
|
DIN No.: |
00492017 |
|
|
|
|
Name : |
Syed Sajjadh Ali |
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Designation : |
Director |
|
Address : |
No:1, Bharathi Street, Ellaipillai Chavady, Pondicherry - 605005, India |
|
Date of Appointment
: |
30.09.2014 |
|
DIN No.: |
02335078 |
|
|
|
|
Name : |
Sivagurunathapillai Arumugam |
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Designation : |
Director |
|
Address : |
12, 1st Cross Street, Nandanam Avvai Nagar, Lawspet, Pondicherry - 605008, India |
|
Date of Appointment
: |
12.08.2014 |
|
DIN No.: |
06947507 |
KEY EXECUTIVES
|
Name : |
Preeti Prasad Sabnis |
|
Designation : |
Secretary |
|
Address : |
Lake Town Co - Op HSG SOC, Building C-6, Flat No - 203, S.N. 11, Katraj, Pune - 411046, Maharashtra, India |
|
Date of Appointment : |
01.12.2014 |
|
PAN No.: |
CDSPS6028K |
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|
|
|
Name : |
Snehal Parikh |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.06.2012
|
Names of Shareholders |
|
No. of Shares |
|
ETN Holding 2 Limited, Mauritius |
|
12850000 |
|
ETN Asia International Limited, Mauritius |
|
1 |
|
|
|
|
|
Total |
|
12850001 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.06.2012
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Manufacturer activities in UPS and DC Power Systems, SMPS Power Supply and Power Distribution System Maintenance Service for these items. |
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Products : |
Not Divulged |
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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 : |
Information declined by the management. |
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Bankers : |
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Auditors : |
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|
Name : |
S.R. Batliboi and Associates Chartered Accountants |
|
Address : |
Golf View, Corporte Tower-B, Sector 42, Sector Road, Gurgaon, Haryana, India |
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PAN No.: |
AABFS3421N |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company [AS ON 31.12.2011]
: |
Eaton Corporation USA |
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Fellow Subsidiaries
[AS ON 31.12.2011]: |
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CAPITAL STRUCTURE
AS ON: 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13000000 |
Equity Shares |
Rs.10/- each |
Rs.130.000 Million |
|
|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12850001 |
Equity Shares |
Rs.10/- each |
Rs.128.500
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
128.500 |
128.500 |
128.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
373.384 |
361.030 |
290.476 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
501.884 |
489.530 |
418.976 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
296.281 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
296.281 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
798.165 |
489.530 |
418.976 |
|
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
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|
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|
FIXED ASSETS [Net Block] |
36.015 |
33.595 |
27.450 |
|
|
Capital work-in-progress |
0.279 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
72.490 |
69.900 |
61.862 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
432.936
|
212.349 |
97.994 |
|
|
Sundry Debtors |
731.934
|
473.543 |
233.826 |
|
|
Cash & Bank Balances |
28.481
|
8.989 |
11.407 |
|
|
Other Current Assets |
0.071
|
0.409 |
1.354 |
|
|
Loans & Advances |
153.131
|
178.127 |
354.989 |
|
Total
Current Assets |
1346.553
|
873.417 |
699.570 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
501.825
|
342.067 |
222.231 |
|
|
Other Current Liabilities |
43.713
|
41.021 |
34.483 |
|
|
Provisions |
111.634
|
104.294 |
113.192 |
|
Total
Current Liabilities |
657.172
|
487.382 |
369.906 |
|
|
Net Current Assets |
689.381
|
386.035 |
329.664 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
798.165 |
489.530 |
418.976 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2144.477 |
1517.055 |
764.833 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
2144.477 |
1517.055 |
764.833 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
2100.681 |
1409.085 |
712.824 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
43.796 |
107.970 |
52.009 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.440 |
5.539 |
7.622 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
36.356 |
102.431 |
44.387 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
361.030 |
290.476 |
266.954 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
373.384 |
361.030 |
290.476 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
207.726 |
242.044 |
89.352 |
|
|
TOTAL EARNINGS |
207.726 |
242.044 |
89.352 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
NA |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.63 |
11.29 |
6.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.21 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.59 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.05 |
1.79 |
1.89 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.12.2009 |
31.12.2010 |
31.12.2011 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
128.500 |
128.500 |
128.500 |
|
Reserves & Surplus |
290.476 |
361.030 |
373.384 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
418.976 |
489.530 |
501.884 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
296.281 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
296.281 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.590 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.12.2009 |
31.12.2010 |
31.12.2011 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
764.833 |
1517.055 |
2144.477 |
|
|
|
98.351 |
41.358 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.12.2009 |
31.12.2010 |
31.12.2011 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
764.833 |
1517.055 |
2144.477 |
|
Profit |
44.387 |
102.431 |
36.356 |
|
|
5.80% |
6.75% |
1.70% |
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
INDEX OF CHARGES : NO
CHARGES EXIST FOR COMPANY
FINANCIAL RESULT [AS ON 31.12.2011]
These financial statements have been prepared for the period from January 1, 2011 to December 31, 2011. The Company continues to expand its operations in trade of Uninterruptible Power Supply, DC Power Supply Systems and Power Distribution. During the period, company’s turnover increased by 41% as compared to last year. Company has carved out a niche for itself in this segment. It has earned a profit of Rs.36.356 Million before Tax during the period of 12 months.
UNSECURED LOAN
(Rs. In Million)
|
PARTICULARS |
As on 31.12.2011 |
As on 31.12.2010 |
|
Other debt unsecured |
296.281 |
0.000 |
|
|
|
|
|
Total |
296.281 |
0.000 |
FIXED ASSETS
- Plant and Machinery
- Office Equipments
- Computer Equipments
- Furniture and Fixtures
- Vehicles
- Computer software
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.62.92 |
|
|
1 |
Rs.93.57 |
|
Euro |
1 |
Rs.67.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
RKH |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
1 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
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 |
|
11 |
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.