MIRA INFORM REPORT

 

 

Report No. :

326024

Report Date :

09.06.2015

 

IDENTIFICATION DETAILS

 

Name :

KORES INTERNATIONAL PRIVATE LIMITED

 

 

Formerly Known As :

KORES IMPEX PRIVATE LIMITED

 

 

Registered Office :

301/302, Ashford Chambers, Lady Jamshedji Road, Mahim (West), Mumbai – 400016, Maharashtra

Tel. No.:

91-22-40974444

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

03.02.1987

 

 

Com. Reg. No.:

11-042413

 

 

Capital Investment / Paid-up Capital :

Rs. 6.500 Million

 

 

CIN No.:

[Company Identification No.]

U51900MH1987PTC042413

 

 

IEC No.:

0389049930

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMK12221G

 

 

PAN No.:

[Permanent Account No.]

AAACK2399F

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer and Exporter of School Stationery.

 

 

No. of Employees :

100 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (45)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Maximum Credit Limit :

USD 370000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company incorporated during the year 1987, engaged in the business of manufacturing and exporter of school stationery. It has a satisfactory track record.

 

As per the balance sheet of financial year 2013-2014 the company has sound financial risk profile marked by decent reserves position and comfortable liquidity profile.

 

Trade relations are reported as fair. Business is active. Payments terms are usually correct.

 

The company can be considered normal 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.

 

 

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 PARTED BY

 

Name :

Mr. Deepak Pednekar

Designation :

Assistant Manager

Contact No.:

91-9930005386

Date :

05.06.2015

 

 

 

LOCATIONS

 

Registered Office :

301/302, Ashford Chambers, Lady Jamshedji Road, Mahim (West), Mumbai – 400016, Maharashtra, India

Tel. No.:

91-22-40974444

Mobile No.:

91-9930005386 (Mr. Deepak)

Fax No.:

91-22-40974436

E-Mail :

export@kores-india.com

Website :

http://www.koresinternational.net

Area :

5000 Sq. Ft

Location :

Owned

 

 

Head Office :

202, Ashford Chambers, Lady Jamshedji Road, Mahim (West), Mumbai – 400018, Maharashtra, India

 

 

Factory  :

Goa, India 

 

 

DIRECTORS

 

AS ON: 30.09.2014

 

Name :

Mr. Adarsh Kishanlal Chopra

Designation :

Director

Address :

A-1, 304, Vikas Complex, Castle Mill Naka, L B S Marg, Thane - 400 601, Maharashtra, India

Date of Birth/Age :

27.03.1958

Qualification :

Post Graduate

Date of Appointment :

26.05.2007

DIN No.:

00313851

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

U65990MH1974PTC017770

NORTH WEST INVESTMENTS COMPANY PRIVATE LIMITED

Director

09/01/2001

09/01/2001

-

Active

NO

2

U36991MH1961PTC012155

QUALITY INKS PRIVATE LIMITED

Director

02/06/2003

02/06/2003

-

Active

NO

3

U74140MH1997PTC110431

EVERSHINE CONSULTANCY SERVICES PRIVATE LIMITED

Director

31/05/2006

31/05/2006

-

Active

NO

4

U51900MH1987PTC042413

KORES INTERNATIONAL PRIVATE LIMITED

Director

26/05/2007

26/05/2007

-

Active

NO

5

L65990MH1971PLC015137

FUTURISTIC SECURITIES LIMITED

Director

29/09/2010

28/01/2010

-

Active

NO

6

U28920PN2006PTC022035

AUM HIGH POWER PLATING AND EQUIPMENTS PRIVATE LIMITED

Director

30/09/2013

01/02/2013

-

Active

NO

 

 

Name :

Ms. Vimal Bagadia

Designation :

Director

Address :

13/11, Bageshri, Oswal Park, Pokhran Road No.2, Thane (West) -400 601, Maharashtra, India

Date of Birth/Age :

03.06.1957

Qualification :

Post Graduate

Date of Appointment :

26.05.2007

DIN No.:

00347885

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

U30007MH1999PTC117972

KORES PRINTER TECHNOLOGY PRIVATE LIMITED.

Director

31/05/2006

31/05/2006

-

Active

NO

2

U51900MH1987PTC042413

KORES INTERNATIONAL PRIVATE LIMITED

Director

26/05/2007

26/05/2007

-

Active

NO

3

U36991MH1961PTC012155

QUALITY INKS PRIVATE LIMITED

Director

30/09/2009

28/03/2009

-

Active

NO

 

 

Name :

Mr. Pradeep Kumar Satya Narayan Jatwala

Designation :

Director

Address :

J.D. Apartment, Flat No.302, Sector – 5, Charkop, Kandivali (West), Mumbai – 400 067, Maharashtra, India

Date of Birth/Age :

15.09.1966

Date of Appointment :

30.09.2009

DIN No.:

00053991

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

U24110AP1991PLC012648

NANDINI CHEMICALS LIMITED

Director

31/03/1998

31/03/1998

-

Active

NO

2

U65990MH1981PLC025482

VISHVAKIRTI CONSULTANCY LIMITED

Director

09/10/2000

09/10/2000

-

Active

NO

3

U30007MH1999PTC117972

KORES PRINTER TECHNOLOGY PRIVATE LIMITED.

Director

22/12/2005

22/12/2005

-

Active

NO

4

U51900MH1987PTC042413

KORES INTERNATIONAL PRIVATE LIMITED

Director

30/09/2009

28/03/2009

-

Active

NO

5

U74950MH1969PTC014381

SOLAR PACKAGING PRIVATE LIMITED

Director

29/09/2010

07/11/2009

-

Active

NO

6

U28920PN2006PTC022035

AUM HIGH POWER PLATING AND EQUIPMENTS PRIVATE LIMITED

Director

30/09/2013

16/02/2013

-

Active

NO

7

L65990MH1971PLC015137

FUTURISTIC SECURITIES LIMITED

Director

09/08/2013

09/08/2013

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Ragini Kamal Chokshi

Designation :

Company Secretary

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON: 30.09.2014

 

Names of Shareholders

 

No. of Shares

Sushil Kumar Thirani-HUF

 

640000

Rekha Thirani

 

5000

Anand Kumar Thirani

 

5000

 

 

 

Total

 

650000

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON: 30.09.2014

 

Category

Percentage

Other top fifty shareholders

100.00

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of School Stationery.

 

 

Products :
  • Staplers
  • Staples
  • Punches
  • Stamp Pads and inks
  • Various Inks
  • Correction Fluids
  • Ribbons and Rolls
  • Carbon Paper
  • Glue Sticks and Tapes
  • Ballpoint Pens
  • Markers
  • Highlighters
  • Crayons
  • Chalks
  • Wooden pencils
  • Polymer Pencils
  • Geometry Boxes
  • Plastic scales
  • Glues
  • Sharpeners
  • Erasers
  • Sketch Pens and Colour

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :

School Stationery

Countries :
  • Middle East
  • Russia

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Cash, and L/C

 

 

Purchasing :

Cash, and L/C

 

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

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Wholesalers and Retailers

 

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

100 (Approximately)

 

 

Bankers :

Banker Name

Central Bank of India,

Branch Address

Corporate Banking Branch, MMO Building, 1st Floor, M.G.Road, Fort, Mumbai –400001, Maharashtra, India

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

 

 

Vehicle Loans

(Secured by respective vehicle)

0.868

1.486

 

 

 

SHORT TERM BORROWING

 

 

Vehicle Loans

(Secured by respective vehicle)

0.791

0.912

 

 

 

Total

1.659

2.398

 

Auditors :

 

Name :

R. Jaitlia and Company

Chartered Accountants

Address :

11, 3rd Floor, Yashwant Chambers, 18, Burjorji Bharucha Marg, Fort, Mumbai – 400 023, Maharashtra, India

Tel. No.:

91-22-40028491 / 22653607

Fax No.:

91-22-22653607

E-Mail :

compliancemasters@rjco.co.in

E-Mail:

www.rjco.co.in

PAN No.:

AADFR5334L

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

CAPITAL STRUCTURE

 

AS ON: 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1000000

Equity Shares

Rs.10/- each

Rs. 10.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

650000

Equity Shares

Rs.10/- each

Rs.6.500 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

6.500

6.500

6.500

(b) Reserves & Surplus

125.869

124.092

122.440

(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)

132.369

130.592

128.940

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.868

1.486

0.000

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

2.674

1.859

1.794

Total Non-current Liabilities (3)

3.542

3.345

1.794

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.791

0.912

0.419

(b) Trade payables

1.174

2.251

0.894

(c) Other current liabilities

5.981

7.590

0.497

(d) Short-term provisions

2.141

0.740

0.603

Total Current Liabilities (4)

10.087

11.493

2.413

 

 

 

 

TOTAL

145.998

145.430

133.147

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

3.363

5.523

3.326

(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)

-0.865

0.251

0.590

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

2.498

5.774

3.916

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

22.492

23.062

23.514

(c) Trade receivables

46.021

20.331

0.409

(d) Cash and cash equivalents

0.880

1.608

0.893

(e) Short-term loans and advances

74.107

94.655

104.415

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

143.500

139.656

129.231

 

 

 

 

TOTAL

145.998

145.430

133.147

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 NA

 NA

 NA

 

 

 

 

 

Less:

EXPENSES

 NA

 NA

 NA

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

3.459

1.720

(2.421)

 

 

 

 

 

Less:

TAX

1.682

0.068

(0.980)

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

1.777

1.652

(1.441)

 

 

 

 

 

Add:

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

124.038

122.386

123.828

 

 

 

 

 

 

Balance Carried to the B/S

125.815

124.038

122.387

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

225.011

188.843

101.775

 

 

 

 

 

 

Earnings/ (Loss) Per Share (Rs.)

2.73

2.54

(2.22)

 

 

 

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

 

 

 

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Return on Total Assets

(PBT/Total Assets}

(%)

2.36

1.18

(1.83)

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.03

0.01

(0.02)

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.01

0.02

0.00

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

14.23

12.15

53.56

 

 

 

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

6.500

6.500

6.500

Reserves & Surplus

122.440

124.092

125.869

Net worth

128.940

130.592

132.369

 

 

 

 

long-term borrowings

0.000

1.486

0.868

Short term borrowings

0.419

0.912

0.791

Total borrowings

0.419

2.398

1.659

Debt/Equity ratio

0.003

0.018

0.013

 

 

 

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

Yes

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)

Yes

16

No. of employees

Yes

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

No

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

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

NOTE: Registered office of the company has been shifted from Plot No. 100, off. Dr. E Moses Road, Worli, Mumbai-400018, Maharashtra, India to the present address (w. e. f. 15.06.2011)

 

 

INDEX OF CHARGES:

 

S. No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

90164052

04/07/2000

900,000.00

THE THANE JANATA SAHAKARI BANK LIMITED

VARTAK NAGAR BRANCH, THANE (W), MAHARASHTRA - 400606, INDIA

-

2

90163792

23/11/1998

1,000,000.00

CENTRAL BANK OF INDIA

CORPORATE FINANCE BRANCH; 1ST FLOOR, MUMBAI MAIN 
OFFICE; FORT, MUMBAI, MAHARASHTRA - 400023, INDIA

-

3

90163273

24/06/2010 *

25,000,000.00

CENTRAL BANK OF INDIA

CORPORATE FINANCE BRANCH, MMO BUILDING, 1ST FLOOR, M.G.ROAD, FORT, MUMBAI, MAHARASHTRA*-400001, INDIA

 

 

FIXED ASSETS:

 

  • Furniture and Fixture
  • Motor Car and Vehicles
  • Computer

 

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. 64.11

UK Pound

1

Rs. 97.84

Euro

1

Rs. 71.12

 

 

INFORMATION DETAILS

 

Information Gathered by :

RKA

 

 

Analysis Done by :

KAS

 

 

Report Prepared by :

THR

 

 

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

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

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

 

45

 

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.