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Report No. : |
335189 |
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Report Date : |
06.08.2015 |
IDENTIFICATION DETAILS
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Name : |
ZAZSONS EXPORTS PRIVATE LIMITED (w.e.f. 31.03.2014) |
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Formerly Known
As : |
ZAZSONS EXPORTS LIMITED (DEEMED PUBLIC) |
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Registered
Office : |
4 B, Sheetla Bazar, Jajmau, |
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Mobile No.: |
91-9839067866 (Mr. Faridi) |
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Country : |
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Financials (as
on) : |
Not Available |
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Date of
Incorporation : |
30.12.1985 |
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Com. Reg. No.: |
20-007609 |
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Capital
Investment / Paid-up Capital : |
Rs.250.000 Million |
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CIN No.: [Company Identification
No.] |
U19129UP1985PTC007609 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction & Collection
Account No.] |
KNPZ01020F |
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PAN No.: [Permanent Account No.] |
AAACZ0776B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of finished leather |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
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MIRA’s Rating : |
B (26) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated during the year 1985
having a moderate track record. As per ROC the date if balance sheet (i.e. financial filed) is shown
as 31.03.2013 but the documents related to the financials are not available. As per indirect sources we could found that the company has achieved
turnover for the year 2014 (provisional) as Rs.538.900 million with profit
Rs.7.400 million and 2013 financials Rs.536.000 million with profit Rs.4.600
million. Mr. Faridi contacted person denied to part any information about the
company. As per registrar of companies the status of the company is shown as
active. Payment terms are unknown. The company can be considered for business dealings with great
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
ICRA |
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Rating |
Packing Credit= B+ |
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Rating Explanation |
High risk of default. |
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Date |
August, 2014 |
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Rating Agency Name |
ICRA |
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Rating |
Non-Fund Based Limits= A4 |
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Rating Explanation |
Minimal degree of safety and carry very low
credit risk. |
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Date |
August, 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
31-03-2013.
INFORMATION DENIED BY
|
Name : |
Mr. Faridi |
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Designation : |
Not Divulged |
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Contact No.: |
91-9839067866 |
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Date : |
04.08.2015 |
LOCATIONS
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Registered Office : |
4 B, Sheetla Bazar, Jajmau, Kanpur – 208010, Uttar Pradesh, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9839067866 (Mr. Faridi) |
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Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
|
Name : |
Mr. Tahir Hussain |
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Designation : |
Managing Director |
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Address : |
97/153, Talaq Mahal, Kanpur – 208001, Uttar Pradesh, India |
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Date of Appointment : |
30.12.1985 |
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DIN No.: |
01111970 |
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Name : |
Mr. Afaq Husain |
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Designation : |
Whole-time Director |
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Address : |
97/153, Talaq Mahal, Kanpur – 208001, Uttar Pradesh, India |
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Date of Appointment : |
01.05.1989 |
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DIN No.: |
01297708 |
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Name : |
Mr. Asma Husain |
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Designation : |
Director |
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Address : |
97/153, Talaq Mahal, Kanpur – 208001, Uttar Pradesh, India |
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Date of Appointment : |
26.12.2009 |
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DIN No.: |
02701157 |
MAJOR SHAREHOLDERS
Not Available
BUSINESS DETAILS
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Line of Business : |
Manufacturer of finished leather |
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Products : |
Finished Leather |
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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 : |
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Selling : |
Not Divulged |
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Purchasing : |
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 : |
Not Divulged |
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital: Rs.250.000
Million
Issued, Subscribed & Paid-up Capital: Rs.250.000 Million
FINANCIAL DATA
[all figures are
in Rupees Million]
|
Particulars |
|
31.03.2014 (Provisional) |
31.03.2013 (Provisional) |
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Turnover |
|
538.900 |
536.500 |
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Profit |
|
7.400 |
4.600 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
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5 |
Buyer visit details |
-- |
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6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
No |
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9 |
Promoter’s background |
Yes |
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10 |
Date of Birth of Proprietor / Partners / Directors |
No |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
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16 |
No. of employees |
No |
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17 |
Details of sister concerns |
No |
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18 |
Major suppliers |
No |
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19 |
Major customers |
No |
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20 |
Banking Details |
Yes |
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21 |
Banking facility details |
No |
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22 |
Conduct of the banking account |
-- |
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23 |
Financials, if provided |
No |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
No |
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27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
No |
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30 |
Major shareholders, if available |
No |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10387866 |
28/09/2012 |
200,000,000.00 |
PUNJAB NATIONAL BANK |
MALL ROAD BRANCH, KANPUR, UTTAR PRADESH - 208001, INDIA |
B62516117 |
|
2 |
10317422 |
26/09/2011 |
398,000,000.00 |
STATE BANK OF INDIA |
OVERSEAS BRANCH, 15/54-B, VIRENDRA SMRITI COMPLEX, CIVIL LINES, KANPUR, UTTAR PRADESH - 208001, INDIA |
B25216771 |
|
3 |
10245082 |
24/09/2010 |
320,000,000.00 |
STATE BANK OF INDIA |
OVERSEAS BRANCH, 15/54-B, VIRENDRA SMRITI COMPLEX, CIVIL LINES, KANPUR, UTTAR PRADESH - 208001, INDIA |
A96532130 |
|
4 |
10205489 |
16/01/2010 |
120,000,000.00 |
IDBI BANK LIMITED |
RETAIL ASSET CENTRE, U.P. CO-OP. BANK BUILDING, 2 - M.G. MARG, HAZRATGANJ, LUCKNOW, UTTAR PRADESH - 226001, INDIA |
A80159684 |
|
5 |
10070537 |
01/05/2014 * |
315,700,000.00 |
STATE BANK OF INDIA |
OVERSEAS BRANCH, 15/54-B, VIRENDRA SMRITI COMPLEX, CIVIL LINES, KANPUR, UTTAR PRADESH - 208001, INDIA |
C11157005 |
|
6 |
10049522 |
21/06/2010 * |
650,000,000.00 |
STATE BANK OF INDIA |
OVERSEAS BRANCH, 15/54-B, VIRENDRA SMRITI COMPLEX, CIVIL LINES, KANPUR, UTTAR PRADESH - 208001, INDIA |
A89645865 |
|
7 |
10018561 |
19/07/2006 |
500,000,000.00 |
STATE BANK OF INDIA |
MAIN BRANCH, THE MALL, KANPUR, UTTAR PRADESH - 208001, INDIA |
A04325007 |
|
8 |
90276783 |
07/09/1996 |
13,800,000.00 |
STATE BANK OF INDIA |
TAHIR HUSAIN H. D. OF ZAZSONS EXPORT LTD., KANPUR, UTTAR PRADESH, INDIA |
- |
|
9 |
90274450 |
24/01/1995 |
35,541,895.00 |
STATE BANK OF INDIA |
JAJMAU, KANPUR, UTTAR PRADESH, INDIA |
- |
*Date of modification Charges
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.63.82 |
|
|
1 |
Rs.99.15 |
|
Euro |
1 |
Rs.69.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
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|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
26 |
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.