MIRA INFORM REPORT

 

 

Report No. :

336070

Report Date :

10.08.2015

 

IDENTIFICATION DETAILS

 

Name :

GAVRILL METAL PRIVATE LIMITED (W.E.F. 24.08.2010)

 

 

Formerly Known As :

NARSINGH MERCHANTS PRIVATE LIMITED

 

 

Registered Office :

137, Cotton Street , 3rd Floor , Kolkata – 700007, West Bengal

Tel. No.:

91-8296378800 (Mr. Sanjay)

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

09.07.2007

 

 

Com. Reg. No.:

21-117024

 

 

Capital Investment / Paid-up Capital :

Rs.7.081 Million

 

 

CIN No.:

[Company Identification No.]

U27300WB2007PTC117024

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AACCN5602N

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trader and Dealer of Zinc and Aluminum Ingot.

 

 

No. of Employees :

Information declined by the management.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (47)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having satisfactory track.

 

Rating takes into consideration the sound financial risk profile of the company marked by adequate networth base and comfortable gearing in FY 2014.

 

Company has reported decent growth in its sales turnover and profit in FY 2014. Overall financial position of the company seems to be decent.

 

Trade relations are fair. Business is active. Payment terms are reported to be usually correct.

 

The company can be considered for business dealings with 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.

 

 

ECGC Country Risk Classification List – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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

 

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 31-03-2013.

 

INFORMATION DENIED BY

 

Name :

Mr. Sanjay

Designation :

Accountant

Contact No.:

91-8296378800

Date :

08.08.2015

 

 

LOCATIONS

 

Registered Office :

137, Cotton Street , 3rd Floor , Kolkata – 700007, West Bengal, India

Tel. No.:

Not Available

Mobile No.:

91-8296378800 (Mr. Sanjay)

Fax No.:

Not Available

E-Mail :

gavrillmetal@gmail.com

 

 

Godown :

Jalan Industrial Complex, Gate No.3, Lane No. 5, Garg House, Jungalpur, oqHowrah – 711411

Tel. No.:

91-33-32011801

 

 

DIRECTORS

 

As on 30.09.2014

 

Name :

Mr. Anant Agarwal

Designation :

Director

Address :

P-229, C.I.T. Road Kankurgachhi, Scheme VI M, 4th Floor, Kolkata - 700054, West Bengal, India

Date of Birth/Age :

14.10.1975

Date of Appointment :

03.05.2010

DIN No.:

01208013

Other Directorship :

S. No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U18101WB2007PTC113772

SINGHAL VASTRAM PRIVATE LIMITED

Director

28/02/2007

28/02/2007

-

Active

NO

2

U45208WB2009PTC136637

GUNIN CONCRETE PRIVATE LIMITED

Director

08/07/2009

08/07/2009

-

Active

NO

3

U27300WB2007PTC117024

GAVRILL METAL PRIVATE LIMITED

Director

03/05/2010

03/05/2010

-

Active

NO

4

U45400WB2011PTC166880

GUNIN PROPERTIES PRIVATE LIMITED

Director

27/08/2011

27/08/2011

-

Active

NO

5

U45400WB2011PTC167716

GUNINN PROJECTS PRIVATE LIMITED

Director

16/09/2011

16/09/2011

-

Active

NO

6

U51909WB2010PTC142424

REWARD DEALCOMM PRIVATE LIMITED

Director

16/01/2013

16/01/2013

-

Active

NO

7

U52190WB2010PTC147177

CHAMPAK DISTRIBUTORS PRIVATE LIMITED

Director

16/01/2013

16/01/2013

-

Active

NO

8

U51909WB2010PTC144171

SILVERSON VINTRADE PRIVATE LIMITED

Director

16/01/2013

16/01/2013

-

Active

NO

9

U51909WB2011PTC157875

ROCKLAND SUPPLIERS PRIVATE LIMITED

Director

07/08/2014

07/08/2014

-

Active

NO

10

U51909WB2013PLC193486

SHIVSATHI SALES LIMITED

Director

30/03/2015

30/03/2015

-

Active

NO

11

U51909WB2013PLC193484

SHIVSATHI VYAPAAR LIMITED

Director

30/03/2015

30/03/2015

-

Active

NO

 

 

Name :

Aruna Agarwal

Designation :

Director

Address :

P-229, C.I.T. Road Kankurgachhi, Scheme VI M, 4th Floor, Kolkata - 700054, West Bengal, India

Date of Birth/Age :

05.01.1977

Date of Appointment :

03.05.2010

DIN No.:

01208062

Other Directorship :

S. No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U18101WB2007PTC113772

SINGHAL VASTRAM PRIVATE LIMITED

Director

28/02/2007

28/02/2007

-

Active

NO

2

U45208WB2009PTC136637

GUNIN CONCRETE PRIVATE LIMITED

Director

08/07/2009

08/07/2009

-

Active

NO

3

U27300WB2007PTC117024

GAVRILL METAL PRIVATE LIMITED

Director

03/05/2010

03/05/2010

-

Active

NO

4

U45400WB2011PTC166880

GUNIN PROPERTIES PRIVATE LIMITED

Director

27/08/2011

27/08/2011

-

Active

NO

5

U51909WB2010PTC142424

REWARD DEALCOMM PRIVATE LIMITED

Director

16/01/2013

16/01/2013

-

Active

NO

6

U52190WB2010PTC147177

CHAMPAK DISTRIBUTORS PRIVATE LIMITED

Director

16/01/2013

16/01/2013

-

Active

NO

7

U51909WB2010PTC144171

SILVERSON VINTRADE PRIVATE LIMITED

Director

16/01/2013

16/01/2013

-

Active

NO

8

U45400WB2011PTC167716

GUNINN PROJECTS PRIVATE LIMITED

Director

22/01/2014

22/01/2014

-

Active

NO

9

U51909WB2011PTC157875

ROCKLAND SUPPLIERS PRIVATE LIMITED

Director

07/08/2014

07/08/2014

-

Active

NO

10

U51909WB2013PLC193486

SHIVSATHI SALES LIMITED

Director

30/03/2015

30/03/2015

-

Active

NO

11

U51909WB2013PLC193484

SHIVSATHI VYAPAAR LIMITED

Director

30/03/2015

30/03/2015

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Sanjay

Designation :

Accountant

 

MAJOR SHAREHOLDERS

 

As on 30.09.2014

 

Names of Shareholders

No. of Shares

%age holding

Gunin Concrete Private Limited, India

155570

21.97

Singhal Vastram Private Limited, India

149000

21.04

Anant Agarwal

3065

0.43

Aruna Agarwal

3065

0.43

Renu Finprop Private Limited, India

4000

0.56

Buildcon Finance Limited

2500

0.35

Devgriha Promoters Private Limited, India

3500

0.49

Rolex Dealtrade Private Limited, India

5000

0.71

Everest Dealmark Private Limited, India

5000

0.71

Guninn Projects Private Limited, India

23600

3.33

Reward Dealcom Private Limited, India

353800

49.96

Total

708100

100.00

 

As on 30.09.2014

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage

Bodies corporate

99.13

Directors or relatives of Directors

0.87

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Trader and Dealer of Zinc and Aluminum Ingot.

 

 

Products :
  • Zinc
  • Aluminum Ingot

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Not Divulged

 

 

Purchasing :

Not Divulged

 

PRODUCTION STATUS = NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

No. of Employees :

Information declined by the management.

 

 

Bankers :

Banker Name

Not Divulged

Branch Address

Not Divulged

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

(Rs. In Million)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Loans taken for fixed assets

0.395

0.000

Total

0.395

0.000

 

Auditors :

 

Name :

Muskara and Associates

Chartered Accountants

Address :

6A, Kiran Shankar Roy Road, Kolkata, West Bengal, India

PAN No.:

AAPFM8728A

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates :

Guninn Projects Private Limited, India

 

 

CAPITAL STRUCTURE

 

AFTER 30.09.2014

 

Authorised Capital: Rs.11.000 Million

 

Issued, Subscribed & Paid-up Capital: Rs.10.537 Million

 

 

As on 31.03.2014

 

Authorised Capital:

No. of Shares

Type

Value

Amount

 

 

 

 

750000

Equity Shares

Rs.10/- each

Rs.7.500 Million

 

Issued, Subscribed & Paid-up Capital:

No. of Shares

Type

Value

Amount

 

 

 

 

708100

Equity Shares

Rs.10/- each

Rs.7.081 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

7.081

3.265

3.265

(b) Reserves & Surplus

178.501

81.832

77.644

(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)

185.582

85.097

80.909

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

23.217

21.850

33.550

(b) Deferred tax liabilities (Net)

0.000

0.006

0.003

(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)

23.217

21.856

33.553

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

2.150

1.952

(b) Trade payables

40.488

40.873

91.751

(c) Other current liabilities

6.867

4.451

2.443

(d) Short-term provisions

2.403

2.571

0.684

Total Current Liabilities (4)

49.758

50.045

96.830

 

 

 

 

TOTAL

258.557

156.998

211.292

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

1.279

0.858

0.194

(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

1.372

1.372

1.372

(c) Deferred tax assets (net)

0.028

0.000

0.000

(d)  Long-term Loan and Advances

0.180

0.180

0.703

(e) Other Non-current assets

0.000

0.013

0.013

Total Non-Current Assets

2.859

2.423

2.282

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

33.933

15.723

26.911

(c) Trade receivables

198.886

114.591

171.258

(d) Cash and cash equivalents

14.433

19.103

7.283

(e) Short-term loans and advances

8.446

5.158

3.558

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

255.698

154.575

209.010

 

 

 

 

TOTAL

258.557

156.998

211.292

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

 

 

SALES (Approximately)

2024.700

1303.600

1060.800

 

 

 

 

 

EXPENSES

 NA

 NA

NA

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

7.639

6.078

2.313

 

 

 

 

 

Less

TAX

2.367

1.890

0.685

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

5.272

4.188

1.628

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD 

5.697

1.509

(0.119)

 

 

 

 

 

Less

Earlier year Tax

(0.187)

0.000

0.000

 

 

 

 

 

 

Balance Carried to the B/S

10.782

5.697

1.509

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

7.44

5.91

2.29

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

NA

NA

NA

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operations

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT/Sales)

(%)

0.26

0.32

0.15

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

2.97

3.91

1.10

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.04

0.07

0.03

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

0.13

0.28

0.44

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

5.14

3.09

2.16

 

 

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

3.265

3.265

7.081

Reserves & Surplus

77.644

81.832

178.501

Net worth

80.909

85.097

185.582

 

 

 

 

long-term borrowings

33.550

21.850

23.217

Short term borrowings

1.952

2.150

0.000

Total borrowings

35.502

24.000

23.217

Debt/Equity ratio

0.439

0.282

0.125

 

 

 

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 (Approximately)

1060.800

1303.600

2024.700

 

 

22.888

55.316

 

 

 

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 (Approximately)

1060.800

1303.600

2024.700

Profit

1.628

4.188

5.272

 

0.15%

0.32%

0.26%

 

 

 

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

5

Buyer visit details

----------------------

6

Contact numbers

Yes

7

Name of the person contacted

Yes

8

Designation of contact person

Yes

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

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

16

No. of employees

No

17

Details of sister concerns

Yes

18

Major suppliers

No

19

Major customers

No

20

Banking Details

No

21

Banking facility details

Yes

22

Conduct of the banking account

----------------------

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

Yes

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

----------------------

28

Estimation for coming financial year

No

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

No

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

 

Note:

Registered address has been shifted from the 137 Cotton Street 3rd Floor, Kolkata – 700001, West Bengal, India to the present address w.e.f. 23.09.2011

 

 

BUSINESS ACTIVITIES

 

During the year, the Company recorded sales of Rs.2024.700 Million (approximately) compare to previous year Rs. 1303.600 Million (approximately) and posted a net profit of Rs. 5.272 Million compare to Rs. 4.188 Million of previous year. The business of the Company seems to have picked up and the future outlook of the Company is bright.

 

 

UNSECURED LOAN

(Rs. In Million)

Particulars

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Loans and advances from related parties

22.822

21.850

SHORT TERM BORROWING

 

 

Loans and advances from others

0.000

1.000

Other loans and advances others

0.000

1.150

Total

22.822

24.000

 

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

 

 

FIXED ASSETS

 

  • Plant and equipment
  • Furniture and fixtures
  • Vehicles
  • Motor vehicles
  • Office equipment
  • Computer Equipments

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.63.80

UK Pound

1

Rs.98.92

Euro

1

Rs.69.65

 

 

INFORMATION DETAILS

 

Information Gathered by :

KMN

 

 

Analysis Done by :

KIN

 

 

Report Prepared by :

PNM

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

6

--PROFITABILITY 

1~10

5

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

5

--CREDIT LINES

1~10

5

--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

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

47

 

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

 

--

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.