MIRA INFORM REPORT
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Report No. : |
319587 |
|
Report Date : |
28.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
ALTIMA HI-TECH PRIVATE LIMITED |
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Registered
Office : |
B/91, Balaji Industrial Estatehanuman Nagar, Kandivali (East), Mumbai
– 400101, Maharashtra |
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Tel No.: |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
19.08.1998 |
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Com. Reg. No.: |
11-116270 |
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Capital
Investment / Paid-up Capital : |
Rs.2.290 Million |
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CIN No.: [Company Identification
No.] |
U25200MH1998PTC116270 |
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TIN No.: |
27950013830 |
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IEC No.: |
0396012990 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
MUMA19688E |
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PAN No.: [Permanent Account No.] |
AACCA3063A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of LED Writing Boards, LED Writing Boards Accessories and
LED Light Panel. |
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No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Sloe but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. The company has processed above average operational performance which
has resulted into profile achieved from its operational activities during
2014. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company can be considered for business dealings at usual 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.
EXTERNAL AGENCY RATING
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. Hitesh Gunvantlal Panchal |
|
Designation : |
Director |
|
Contact No.: |
91-9324246237 |
|
Date : |
05.03.2015 |
LOCATIONS
|
Registered Office : |
B/91, Balaji Industrial Estatehanuman Nagar, Kandivali (East), Mumbai
– 400101, Maharashtra, India |
|
Tel. No. : |
91-22-29655849 / 28877327 / 32918239 |
|
Mobile No. : |
91-9953356010 / 9324246237 (Mr. Hitesh Panchal) |
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Fax No. : |
91-22-29654974 |
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E-Mail : |
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Website : |
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Area : |
1500 Sq. Ft. |
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Location: |
Owned |
|
Locality : |
Commercial |
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|
|
|
Factory : |
Unit No. 009, Laxmi Industrial Estate, Sativali Road, Sativali, Vasai Road (East), Thane – 400208, Maharashtra, India |
|
Tel. No. : |
91-250-3299417 |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Hitesh Gunvantlal Panchal |
|
Designation : |
Director |
|
Address : |
101A, Padmavati Complex, M.G. Road, Kandivali (West), Mumbai – 400067,
Maharashtra, India |
|
Date of Birth/Age : |
07.02.1962 |
|
Date of Appointment : |
19.08.1998 |
|
DIN No. : |
00602380 |
|
|
|
|
Name : |
Mrs. Gayatri Hitesh Panchal |
|
Designation : |
Director |
|
Address : |
101A, Padmavati Complex, M.G. Road, Kandivali (West), Mumbai – 400067,
Maharashtra, India |
|
Date of Birth/Age : |
13.10.1970 |
|
Date of Appointment : |
19.08.1998 |
|
DIN No. : |
00600926 |
MAJOR SHAREHOLDERS
As on 29.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Hitesh Gunvantlal Panchal |
170500 |
74.45 |
|
Gayatri Hitesh Panchal |
58500 |
25.55 |
|
Total |
229000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of LED Writing Boards, LED Writing Boards Accessories and
LED Light Panel. |
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|
|
|
Products : |
·
LED Writing Boards ·
LED Writing Board ·
LED Writing Board Accessories ·
LED Light Panel ·
OSRAM LED Panel ·
D Link Structure Cabling Products ·
Power Cords ·
Power Distribution Unit ·
Floor Enclosures and Wall Plates |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China |
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Terms : |
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Selling : |
Cash and Credit (30 Days, 60 Days and 90 Days) |
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Purchasing : |
Cash and Credit (30 Days, 60 Days and 90 Days) |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
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Facilities : |
Cash Credit = Rs.14.500 Million (From State Bank of India, Borivali)
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Auditors : |
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Name : |
Sonejee and Gandhi Chartered Accountants |
|
Address : |
204/46, Chaitrban CHS Sector 2 Charkop, Mumbai – 400067, Maharashtra, India |
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PAN No.: |
ALPPS2321A |
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Memberships : |
-- |
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Collaborators : |
-- |
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Sister Concern : |
Not Divulged |
CAPITAL STRUCTURE
As on 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
229000 |
Equity Shares |
Rs.10/- each |
Rs.2.290 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 |
2.290 |
2.290 |
0.925 |
|
(b) Reserves & Surplus |
5.036 |
3.723 |
3.858 |
|
(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) |
7.326 |
6.013 |
4.783 |
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
9.620 |
0.780 |
1.118 |
|
(b) Deferred tax liabilities (Net) |
0.184 |
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) |
9.804 |
0.780 |
1.118 |
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
2.600 |
10.921 |
7.910 |
|
(b) Trade
payables |
6.435 |
5.080 |
6.213 |
|
(c) Other current
liabilities |
0.249 |
0.649 |
0.791 |
|
(d) Short-term
provisions |
0.761 |
0.418 |
0.707 |
|
Total Current
Liabilities (4) |
10.045 |
17.068 |
15.621 |
|
|
|
|
|
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TOTAL |
27.175 |
23.861 |
21.522 |
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|
|
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II.
ASSETS |
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|
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|
(1) Non-current
assets |
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|
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(a) Fixed
Assets |
|
|
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(i)
Tangible assets |
4.011 |
3.948 |
4.034 |
|
(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 |
0.009 |
|
(d) Long-term Loan and Advances |
1.174 |
1.531 |
0.194 |
|
(e) Other Non-current
assets |
0.000 |
0.549 |
0.236 |
|
Total Non-Current
Assets |
5.185 |
6.028 |
4.473 |
|
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|
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(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
9.016 |
11.124 |
7.584 |
|
(c) Trade receivables |
10.439 |
6.286 |
9.404 |
|
(d) Cash
and cash equivalents |
0.189 |
0.423 |
0.053 |
|
(e)
Short-term loans and advances |
2.346 |
0.000 |
0.008 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
21.990 |
17.833 |
17.049 |
|
|
|
|
|
|
TOTAL |
27.175 |
23.861 |
21.522 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
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SALES |
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||
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Income |
44.090 |
31.704 |
34.627 |
|
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Other Income |
3.109 |
0.113 |
0.212 |
|
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|
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TOTAL (A) |
47.199 |
31.817 |
34.839 |
|
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|
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||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
0.069 |
10.211 |
11.214 |
|
|
|
|
Purchase of Stock-in-trade |
31.227 |
12.046 |
12.993 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
2.108 |
(1.493) |
0.015 |
|
|
|
|
Employee Benefits Expenses |
4.826 |
2.915 |
2.840 |
|
|
|
|
Other Expenses |
6.134 |
5.430 |
4.358 |
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|
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TOTAL (B) |
44.364 |
29.109 |
31.420 |
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||
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PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2.835 |
2.708 |
3.419 |
||
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|
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||
|
Less |
FINANCIAL
EXPENSES (D) |
1.555 |
1.357 |
1.529 |
||
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|
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||
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|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
1.280 |
1.351 |
1.890 |
||
|
|
|
|
|
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||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
0.613 |
1.306 |
0.630 |
||
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||
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|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
0.667 |
0.045 |
1.260 |
||
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||
|
Less |
TAX (H) |
0.000 |
0.180 |
0.714 |
||
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||
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|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
0.667 |
(0.135) |
0.546 |
||
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||
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EARNINGS IN FOREIGN
CURRENCY |
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||
|
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|
Export goods calculated on F.O.B. |
NA |
1.055 |
1.064 |
|
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|
TOTAL EARNINGS |
NA |
1.055 |
1.064 |
||
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IMPORTS |
|
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||
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Raw Materials |
NA |
4.336 |
0.107 |
|
|
|
TOTAL IMPORTS |
NA |
4.336 |
0.107 |
||
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|
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||
|
|
Earnings /
(Loss) Per Share (Rs.) |
2.91 |
(0.59) |
2.38 |
||
Expected Sales (2014-2015): Rs.50.000 Million
The above information has been parted by Mr. Hitesh Gunvantlal Panchal
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.51 |
(0.43) |
1.58 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
6.43 |
8.54 |
9.87 |
|
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|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.45 |
0.19 |
5.86 |
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|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.01 |
0.26 |
|
|
|
|
|
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|
Debt Equity Ratio (Total Debt /Networth) |
|
1.67 |
1.95 |
1.89 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.19 |
1.04 |
1.09 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs. In
Million |
|
Share Capital |
0.925 |
2.290 |
2.290 |
|
Reserves & Surplus |
3.858 |
3.723 |
5.036 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
4.783 |
6.013 |
7.326 |
|
|
|
|
|
|
Long Term borrowings |
1.118 |
0.780 |
9.620 |
|
Short Term borrowings |
7.910 |
10.921 |
2.600 |
|
Total
borrowings |
9.028 |
11.701 |
12.220 |
|
Debt/Equity
ratio |
1.888 |
1.946 |
1.668 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales |
34.627 |
31.704 |
44.090 |
|
|
|
(8.441) |
39.068 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales
|
34.627 |
31.704 |
44.090 |
|
Profit |
0.546 |
(0.135) |
0.667 |
|
|
1.58% |
(0.43%) |
1.51% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS 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 |
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
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 LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
0.000 |
0.780 |
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on
demand from bank |
|
|
|
Standard Chartered Bank |
0.000 |
1.277 |
|
Total |
0.000 |
2.057 |
FINANCIAL RESULTS
The company has made a profit of Rs.0.660 Million as compared to profit
of Rs.0.044 Million in the previous year. The directors doesn’t propose any dividends
for the year.
CURRENT WORKING
AND PROSPECTS FOR 2014-15
The company expects further better results for the coming year.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10188285 |
27/11/2012 * |
14,500,000.00 |
State Bank Of India |
Smeccc Borivali (W) Branch, 101,First Floor,, East Wing, Landmark Building, S.V.Road, Borivali (W), Mumbai, Maharashtra - 400092, India |
B64569247 |
|
2 |
10091674 |
19/02/2008 |
1,000,000.00 |
State Bank Of Saurashtra |
Raj Kiran Building, M G Road,, Kandivali, Mumbai, Maharashtra - 400097, India |
A33474131 |
|
3 |
10091769 |
19/02/2008 |
1,200,000.00 |
State Bank Of Saurashtra |
Raj Kiran Building, M G Road,, Kandivali, Mumbai, Maharashtra - 400097, India |
A33474388 |
|
4 |
10091675 |
19/02/2008 |
4,500,000.00 |
State Bank Of Saurashtra |
Raj
Kiran Building, M G Road,, Kandivali, Mumbai, |
A33473919 |
|
5 |
90237300 |
11/08/2003 * |
1,950,000.00 |
State Bank Of Saurashtra |
Raj Kiran Building; Mg Road, Kandivali, Mumbai, Maharashtra - 400007, India |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.62.20 |
|
|
1 |
Rs.94.71 |
|
Euro |
1 |
Rs.68.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
42 |
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.