MIRA INFORM REPORT
|
Report No. : |
303740 |
|
Report Date : |
21.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAURABH CEMENT PRIVATE LIMITED (w.e.f.28.09.2005) |
|
|
|
|
Formerly known
as : |
SAURABH CEMENT LIMITED |
|
|
|
|
Registered
Office : |
Samyak Tower, Ground Floor, 16/3, Old Palasia, Indore – 452001, Madhya
Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
08.11.1990 |
|
|
|
|
Com. Reg. No.: |
10-006064 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.057 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26942MP1990PTC006064 |
|
|
|
|
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
: |
Trader of Cement. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small company |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a small company in its field. Its scale of activities are
limited. The rating is constrained on account of company’s moderate operational
risk profile and small scale of business operations. However, trade relations are reported as fair. Business is active.
Payment terms are slow but correct. The company can be considered for small business dealings with some
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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.
LOCATIONS
|
Registered Office : |
Samyak Tower, Ground Floor, 16/3, Old Palasia, Indore – 452001, Madhya
Pradesh, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Shri Gaurav Mohta |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
18, Gulmohar Colony, Indore, Madhya Pradesh, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.05.2005 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.04.2005 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00100865 |
||||||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Shri Sourabh Mohta |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
18, Gulmohar Colony, Indore, Madhya Pradesh, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
11.07.1973 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
21.11.2005 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00100955 |
||||||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Mohta Cement Private Limited, Madhya Pradesh |
|
58550 |
|
Net Vision web technology Limited, Gujarat |
|
121000 |
|
Mrs. Shruty Singhai, U.S.A. |
|
43815 |
|
Krishna Krip Holding Private Limited, Madhya Pradesh |
|
20000 |
|
Mr. Sourabh Mohta |
|
426425 |
|
Mr. Pradeep Pachisia |
|
8220 |
|
Mr. Annam System Software Private Limited, Delhi |
|
6000 |
|
Skywide marketing private limited,, Delhi |
|
4000 |
|
Accumen Paper Binders Private Limited, Delhi |
|
4000 |
|
True wealth consultant private limited, Delhi |
|
4000 |
|
Accent leasing and finance company, Madhya Pradesh |
|
4750 |
|
Shri Abhishek Mundra |
|
2500 |
|
Shriram Extrection Private Limited, Madhya Pradesh |
|
6700 |
|
Ujas Patel |
|
3746 |
|
Mr. Sanjeev Singhi |
|
3350 |
|
Ratansh Developers and Financial Private Limited, Kanpur |
|
5000 |
|
Rajeev Nayan Prasad (HUF) |
|
100 |
|
Gaurav Mohta |
|
173585 |
|
Uniword Bartercard Private Limited, Delhi |
|
5000 |
|
Shri Balaji Sainath Buildwell Private Limited , Madhya Pradesh |
|
5000 |
|
|
|
|
|
Total |
|
905741 |
AS ON 31.03.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
5.25 |
|
Bodies corporate |
26.94 |
|
Directors or relatives of Directors |
66.25 |
|
Other top fifty shareholders |
1.56 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Cement. |
|
|
|
|
Products : |
Cement |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Available |
|
|
|
|
Purchasing : |
Not Available |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||
|
|
|
||||||||||||
|
Customers : |
|
||||||||||||
|
|
|
||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
Bank of Baroda, A.B.Road Branch, Old Palasia, Indore – 452001, Madhya
Pradesh, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Khandelwal Kakani and Company Chartered Accountants |
|
Address : |
8, Johari Palace, 1st Floor, M.G. Road, Indore – 452001,
Madhya Pradesh, India |
|
PAN No.: |
AACFK4164D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Related Parties : |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
7,500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 75.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
905,741 |
Equity Shares |
Rs. 10/-
each |
Rs. 9.057
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
9.057 |
8.957 |
8.957 |
|
(b) Reserves & Surplus |
10.792 |
8.313 |
6.786 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
1.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
19.849 |
18.270 |
15.743 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.506 |
0.597 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
3.268 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.506 |
0.597 |
3.268 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
12.475 |
8.069 |
8.454 |
|
(c) Other current
liabilities |
0.082 |
0.779 |
0.020 |
|
(d) Short-term
provisions |
1.656 |
0.767 |
0.316 |
|
Total Current
Liabilities (4) |
14.213 |
9.615 |
8.790 |
|
|
|
|
|
|
TOTAL |
34.568 |
28.482 |
27.801 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
0.518 |
0.731 |
1.322 |
|
(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 |
8.588 |
10.203 |
10.003 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.803 |
1.992 |
0.975 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.018 |
|
Total Non-Current
Assets |
9.909 |
12.926 |
12.318 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.127 |
0.428 |
2.514 |
|
(c) Trade receivables |
12.797 |
12.829 |
10.827 |
|
(d) Cash
and cash equivalents |
10.408 |
2.018 |
0.451 |
|
(e)
Short-term loans and advances |
1.327 |
0.281 |
1.691 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
24.659 |
15.556 |
15.483 |
|
|
|
|
|
|
TOTAL |
34.568 |
28.482 |
27.801 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
31.212 |
33.578 |
49.293 |
|
|
|
Other Income |
0.210 |
0.194 |
0.625 |
|
|
|
TOTAL |
31.422 |
33.772 |
49.918 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
22.156 |
27.682 |
48.112 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.301 |
2.086 |
0.000 |
|
|
|
Employees benefits expense |
1.674 |
0.606 |
0.263 |
|
|
|
Other expenses |
4.844 |
1.274 |
0.225 |
|
|
|
TOTAL |
28.975 |
31.648 |
48.600 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
2.447 |
2.124 |
1.318 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.113 |
0.023 |
0.051 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.334 |
2.101 |
1.267 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.213 |
0.215 |
0.261 |
|
|
|
|
|
|
|
|
|
Less |
PRIOR PERIOD
EXPENSES |
0.041 |
0.000 |
0.123 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
2.080 |
1.886 |
0.883 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.501 |
0.360 |
0.192 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
1.579 |
1.526 |
0.691 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
1.96 |
1.89 |
0.86 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
5.06
|
4.54 |
1.40 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
7.84
|
6.33 |
2.67 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.01 |
10.32 |
4.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.10 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.03 |
0.03 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.73 |
1.62 |
1.76 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
8.957 |
8.957 |
9.057 |
|
Reserves & Surplus |
6.786 |
8.313 |
10.792 |
|
Net
worth |
15.743 |
17.270 |
19.849 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.597 |
0.506 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.597 |
0.506 |
|
Debt/Equity
ratio |
0.000 |
0.035 |
0.025 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
49.293 |
33.578 |
31.212 |
|
|
|
(31.881) |
(7.046) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
49.293 |
33.578 |
31.212 |
|
Profit |
0.691 |
1.526 |
1.579 |
|
|
1.40% |
4.54% |
5.06% |
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 |
No |
|
10] |
Designation
of contact person |
No |
|
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 |
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 |
Note: Registered office of
the company has been shifted from 103, Amar Darshan 28/2, Saket Nagar, Indore –
452001, Madhya Pradesh, India to the present address. w.e.f.01.01.2010.
INDEX OF CHARGES
NO CHARGES EXIST FOR THE COMPANY.
UNSECURED LOANS
|
PARTICULAR |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
From Corporates |
0.000 |
0.000 |
|
Form others |
0.506 |
0.597 |
|
Total |
0.506 |
0.597 |
FIXED ASSETS
- Land
- Factory
Buildings
- Plant and
Equipments
- Electrical
Installation
- Motor
Vehicles
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. 61.70 |
|
|
1 |
Rs. 93.41 |
|
Euro |
1 |
Rs. 71.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
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 |
|
34 |
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.