MIRA INFORM REPORT

 

 

Report No. :

338531

Report Date :

28.08.2015

 

IDENTIFICATION DETAILS

 

Name :

N.S. ENGINEERING PROJECTS PRIVATE LIMITED

 

 

Registered Office :

41A, A.J.C. Bose Road, 7th Floor, Room No. 703A, Kolkata – 700017, West Bengal

Tel. No.:

91-33-2265062

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

02.02.2007

 

 

Com. Reg. No.:

21-112967

 

 

Capital Investment / Paid-up Capital :

Rs. 85.627 Million

 

 

CIN No.:

[Company Identification No.]

U29120WB2007PTC112967

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer of Steel Sheet Piles, Crash Barrier, Deck Sheet etc.

 

 

No. of Employees :

Information declined by the management

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (48)

 

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 a Private Limited Company incorporated on 2nd February, 2007. It is having satisfactory track record.

 

It is classified as Indian Non-Government Company and is registered as Registered of Companies, Kolkata. Its authorized share capital is Rs. 95.000 Million and its paid up capital is Rs. 85.627 Million.

 

Directors of N.S. Engineering Project Private Limited are Manoj Kumar Kedia and Anil Kumar Goel.

 

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 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.

 

 

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

 

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 31-03-2013.

 

 

INFORMATION DENIED BY

 

Name :

Ms. Bulbul

Designation :

Finance Executive

Contact No.:

91-33-22650627

Date :

27.08.2015

 

 

LOCATIONS

 

Registered Office :

41A, A.J.C. Bose Road, 7th Floor, Room No. 703A, Kolkata – 700017, West Bengal, India

Tel. No.:

91-33-22650627

Fax No.:

Not Available

E-Mail :

sanjeevca2007@gmail.com

 

 

DIRECTORS

 

AS ON 26.08.2014

 

Name :

Manoj Kumar Kedia

Designation :

Director

Address :

268, G. T. Road, Liluah, Howrah – 711204, West Bengal, India

Date of Birth/Age :

14.07.1970

Date of Appointment :

02.02.2007

DIN No.:

00421292

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

U27104WB1997PTC083985

MKAK ISPAT PRIVATE LIMITED

Director

15/04/1997

15/04/1997

-

Active

NO

2

U27106WB1995PTC074634

S.K.SUPPLY COMPANY PVT.LTD.

Additional director

10/07/2014

01/08/2002

-

Active

NO

3

U27109WB2005PTC103704

SREE MAA SARADA ORES & FORGINGS INDIA PRIVATE LIMITED

Director

10/06/2005

10/06/2005

17/02/2007

Active

NO

4

U29120WB2007PTC112967

N. S. ENGINEERING PROJECTS PRIVATE LIMITED

Director

02/02/2007

02/02/2007

-

Active

NO

5

U51909WB2008PTC123316

MANOJ Kr. ANIL Kr. ENGINEERING PRIVATE LIMITED

Director

29/02/2008

29/02/2008

-

Active

NO

6

U27100WB2010PTC143503

BALAJI ROLL FORMING PRIVATE LIMITED

Director

31/05/2010

31/05/2010

-

Active

NO

7

U45400WB2009PTC132314

WONDER IMAGE BUILDERS PRIVATE LIMITED

Director

01/06/2010

01/06/2010

-

Active

NO

8

U51109WB2007PTC117960

VENUS VYAPAAR PRIVATE LIMITED

Director

01/02/2011

01/02/2011

-

Active

NO

 

 

Name :

Anil Kumar Goel

Designation :

Director

Address :

5/1, Munshi Jallerrahim Lane, 2nd Floor, Howrah – 711106, West Bengal, India

Date of Birth/Age :

25.10.1972

Date of Appointment :

02.02.2007

DIN No.:

00421342

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

U27106WB1995PTC074634

S.K.SUPPLY COMPANY PVT.LTD.

Director

04/10/1995

04/10/1995

-

Active

NO

2

U27104WB1997PTC083985

MKAK ISPAT PRIVATE LIMITED

Director

01/06/2003

01/06/2003

-

Active

NO

3

U27109WB2005PTC103704

SREE MAA SARADA ORES & FORGINGS INDIA PRIVATE LIMITED

Director

10/06/2005

10/06/2005

17/02/2007

Active

NO

4

U29120WB2007PTC112967

N. S. ENGINEERING PROJECTS PRIVATE LIMITED

Director

02/02/2007

02/02/2007

-

Active

NO

5

U27100WB2010PTC143503

BALAJI ROLL FORMING PRIVATE LIMITED

Director

31/05/2010

31/05/2010

-

Active

NO

6

U45400WB2009PTC132314

WONDER IMAGE BUILDERS PRIVATE LIMITED

Director

01/06/2010

01/06/2010

-

Active

NO

7

U51109WB2007PTC117960

VENUS VYAPAAR PRIVATE LIMITED

Director

01/02/2011

01/02/2011

-

Active

NO

8

U51909WB2008PTC123316

MANOJ Kr. ANIL Kr. ENGINEERING PRIVATE LIMITED

Additional director

01/07/2014

01/07/2014

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Ms. Bulbul

Designation :

Finance Executive

 

 

MAJOR SHAREHOLDERS

 

AS ON 26.08.2014

 

Names of Shareholders

 

No. of Shares

Manoj Kumar Kedia

 

92000

Anil Kumar Goel

 

62000

Sourabh Venture Capital Trust, India

 

90000

Wonder Image Builders Private Limited, India

 

1756100

Venus Vyapaar Private Limited, India

 

3972600

Unique Commodeal Private Limited, India

 

80000

Linkline Construction Private Limited, India

 

260000

Sidhant Financial Consultants Private Limited, India

 

160000

R.B Vyapaar Private Limited, India

 

90000

Imperial Retails Private Limited, India

 

130000

Trust Worthy Viniyog Private Limited, India

 

200000

Trammel Trading Private Limited, India

 

20000

Mirabelle Tradecomm Private Limited, India

 

60000

Bachchi Finance Private. Limited, India

 

40000

Pachmukhi Commotrade Private Limited, India

 

60000

Lotus Financial Advisory services Private Limited, India

 

220000

Maple Mercantile Private Limited, India

 

70000

Everlike Projects Private Limited, India

 

100000

Balasaria Holding Private Limited, India

 

50000

Linkline Construction Private Limited, India

 

250000

Linkplan Shoppers Private Limited, India

 

100000

Swarnim Commosale Private Limited, India

 

200000

Triplerank Vinimay Private Limited, India

 

200000

Virat Vintrade Private Limited, India

 

200000

Wellknown Vinimay Private Limited, India

 

100000

 

 

 

 

 

 

Total

 

8562700

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 26.08.2014

 

Category

Percentage

Bodies corporate

98.21

Directors or relatives of Directors

1.79

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Steel Sheet Piles, Crash Barrier, Deck Sheet etc.

 

 

Products :

Not Divulged

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

 

GENERAL INFORMATION

 

Suppliers :

Not Divulged

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 :

Not Divulged

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 :
  • State Bank of India, Commercial Branch, N.S. Road, 8, N.S. Road, Kolkata – 700001, West Bengal, India

 

 

Facilities :

(Rs. In Million)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Rupee Term loans from Banks

31.000

52.000

Term loans from others

120.601

113.578

 

 

 

Total

151.601

165.578

 

Auditors :

 

Name :

Sanjeev Agarwal and Associates

Chartered Accountant

Address :

P-27, Princep Street, Room No – 4A, 4th Floor, Kolkata – 700012, West Bengal, India

PAN No.:

AEHPA5275Q

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

--

 

 

CAPITAL STRUCTURE

 

AS ON 26.08.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

9500000

Equity Shares

Rs.10/- each

Rs. 95.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

8562700

Equity Shares

Rs.10/- each

Rs. 85.627 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

85.627

74.567

39.621

(b) Reserves & Surplus

353.297

300.015

157.578

(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)

438.924

374.582

197.199

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

167.601

166.578

186.240

(b) Deferred tax liabilities (Net)

2.161

1.850

0.000

(c) Other long term liabilities

11.064

8.235

0.000

(d) long-term provisions

0.000

0.000

24.910

Total Non-current Liabilities (3)

180.826

176.663

211.150

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

28.100

69.444

4.902

(c) Other current liabilities

389.490

81.380

31.130

(d) Short-term provisions

4.954

0.860

0.088

Total Current Liabilities (4)

422.544

151.684

36.120

 

 

 

 

TOTAL

1042.294

702.929

444.469

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

201.756

205.625

21.446

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

272.547

150.616

253.755

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

11.461

9.645

(c) Deferred tax assets (net)

0.000

0.000

0.011

(d)  Long-term Loan and Advances

12.935

104.137

143.033

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

487.238

471.839

427.890

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

194.002

45.490

1.949

(c) Trade receivables

292.958

77.176

13.123

(d) Cash and cash equivalents

30.353

8.687

0.433

(e) Short-term loans and advances

37.743

99.737

1.074

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

555.056

231.090

16.579

 

 

 

 

TOTAL

1042.294

702.929

444.469

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

 

31.03.2013

31.03.2012

 

 

 

 

 

 

SALES

1668.400

NA

NA

 

 

 

 

 

Less

EXPENSES

NA

NA

NA

 

 

 

 

 

 

PROFIT FOR THE YEAR

9.042

2.654

0.167

 

 

 

 

 

 

Earnings Per Share (Rs.)

1.05

0.31

0.02

 

 

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 flow from (used in) operation

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)
0.54

NA

NA

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

216.75

0.00

0.00

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

3.80

0.00

0.00

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.38

0.44

0.94

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.31

1.52

0.46

 

 

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

39.621

74.567

85.627

Reserves & Surplus

157.578

300.015

353.297

Share Application money pending allotment

0.000

0.000

0.000

Net worth

197.199

374.582

438.924

 

 

 

 

long-term borrowings

186.240

166.578

167.601

Short term borrowings

0.000

0.000

0.000

Current Maturities of Long Term Debt

0.000

0.000

0.000

Total borrowings

186.240

166.578

167.601

Debt/Equity ratio

0.944

0.445

0.382

 

 

 

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

No

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

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

Yes

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 office of the company has been shifted from 20, Maharshi Debendra Road, 3rd Floor, Room No. 80, Kolkata – 700007, West Bengal, India to the present address w.e.f. 02.04.2013.

 

 

UNSECURED LOAN

 

Particulars

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Other loans and advances

16.000

0.000

 

 

 

Total

16.000

0.000

 

 

 

 

INDEX OF CHARGES

 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10576587

25/06/2015

144,900,000.00

Punjab National Bank

Branch: Salt Lake City, Sector-I, BA-1, Salt Lake 
City, Sector-I, 24 Parganas (N), Kolkata,

West Bengal - 700064, INDIA

C57293417

2

10535280

15/11/2014

150,000,000.00

THE SOUTH INDIAN BANK LIMITED

G C AVENUE BRANCH, 38 GANESH CHANDRA AVENUE, 1ST 
FLOOR, KOLKATA,

West Bengal - 700013, INDIA

C36193225

3

10478658

30/12/2013

320,000,000.00

STATE BANK OF INDIA (LEAD BANK)

Commercial Branch, N. S. Road, 8, N. S. Road, Kolkata,

West Bengal - 700001, INDIA

B96817432

4

10462030

03/10/2013

2,000,000.00

Punjab National Bank

Branch: Salt Lake City, Sector-I, BA-1, Salt Lake 
City, Sector-I, 24 Parganas (N), Kolkata,

 West Bengal - 700064, INDIA

B90264193

5

10445715

29/12/2014 *

693,200,000.00

State Bank of India

Commercial Branch, Jeevandeep, 1,Middleton Street, Jeevandeep Building, 2nd Floor, Kolkata,

West Bengal - 700071, INDIA

C38837407

6

10252564

25/03/2015 *

511,500,000.00

State Bank of India

Commercial Branch, Jeevandeep, 1,Middleton Street, Jeevandeep Building, 2nd Floor, Kolkata,

West Bengal - 700071, INDIA

C53009700

 

* Date of charge modification

 

 

 

FIXED ASSETS

 

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 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. 66.06

UK Pound

1

Rs. 102.35

Euro

1

Rs. 74.97

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP

 

 

Analysis Done by :

RAS

 

 

Report Prepared by :

JYO

 

 

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

6

--PROFITABILITY

1~10

6

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

6

--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

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

48

 

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

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NB

                                       New Business

 

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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.