MIRA INFORM REPORT

 

 

Report No. :

326981

Report Date :

17.06.2015

 

IDENTIFICATION DETAILS

 

Name :

MAA UTTARAYANI ROLLER FLOUR MILLS PRIVATE LIMITED

 

 

Registered Office :

At. Alakar Post-Janla, Khordha, Bhubaneshwar-752054, Orissa

Tel. No.:

91-674-2492923

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

15.03.2000

 

 

Com. Reg. No.:

15-006131

 

 

Capital Investment / Paid-up Capital :

Rs. 17.210 Million

 

 

CIN No.:

[Company Identification No.]

U15311OR2000PTC006131

 

 

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 Aata, Maida, Suji and Bran.

 

 

No. of Employees :

15 (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 400000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company and it is having satisfactory track.

 

Subject was incorporated on 15th March 2000. The company is engaged in Manufacturing of Aata, Maida, Suji and Bran.

 

The company has achieved Rs. 674.300 Million sales turnover and reported top line growth of 15.30% during FY2014. Profitability margin also stood at 1.47% backed by strong net worth position of the company.

 

Rating take in accounts on company’s established track record of its business and decent operation as well as balance sheet position of the company.

 

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

 

The company can be considered 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. Rajkishor Parida

Designation :

Accountant

Contact No.:

91-9437050917

Date :

13.06.2015

 

 

LOCATIONS

 

Registered Office/Factory:

At. Alakar Post-Janla, Khordha, Bhubaneshwar-752054, Orissa, India

Tel. No.:

91-674-2492923

Mobile No.:

91-9437050917 (Mr. Jairam)

Fax No.:

Not Available

E-Mail :

rajkishore_parida@rediffmail.com

m.urfm@yahoo.com

Location :

Owned

 

 

DIRECTORS

 

AS ON: 30.09.2014

 

Name :

Mr. Jairam Agarwalla

Designation :

Managing Director

Address :

Ramchandrapur Bazar, Jatni, Khordha, Bhubaneshwar-752050, Orissa, India

Date of Birth/Age :

15.11.1956

Date of Appointment :

15.03.2000

DIN No.:

00660286

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

U15520OR1997PTC004899

SHREE GANESH LAXMI INFRASTRUCTURE PRIVATE LIMITED

Director

21/04/1997

21/04/1997

-

Active

NO

2

U15311OR2000PTC006131

MAA UTTARAYANI ROLLER FLOUR MILLS PRIVATE LIMITED

Managing director

15/03/2000

15/03/2000

-

Active

NO

3

U74999WB2011PTC165414

SHREE JAGANNATH LIME AND CHEMICALS PRIVATE LIMITED

Director

26/07/2011

26/07/2011

-

Active

NO

 

 

Name :

Rupanarayan Agarwalla

Designation :

Director

Address :

Ramchandrapur Bazar, Jatni, Khordha, Bhubaneshwar-752050, Orissa, India

Date of Birth/Age :

06.06.1966

Date of Appointment :

15.03.2000

DIN No.:

00661395

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

U15520OR1997PTC004899

SHREE GANESH LAXMI INFRASTRUCTURE PRIVATE LIMITED

Managing director

21/04/1997

21/04/1997

-

Active

NO

2

U15311OR2000PTC006131

MAA UTTARAYANI ROLLER FLOUR MILLS PRIVATE LIMITED

Director

15/03/2000

15/03/2000

-

Active

NO

3

U15312OR2005PTC008368

MAA SARALA AGROPRODUCTS PRIVATE LIMITED

Director

26/09/2005

26/09/2005

17/03/2008

Active

NO

4

U74999WB2011PTC165414

SHREE JAGANNATH LIME AND CHEMICALS PRIVATE LIMITED

Director

26/07/2011

26/07/2011

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Ashok Kumar Mishra

Designation :

Company Secretary

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON:  30.09.2014

 

Names of Shareholders

 

No. of Shares

Jairam Agarwalla

 

31150

Rupanarayan Agarwalla

 

22250

Laxmi Devi

 

15500

Puranmal Agarwalla

 

12000

Mahabir Pra Santuka

 

2000

R. Kameswar Rao

 

2000

Pankaj Ku Agarwalla

 

1500

Sajan Ku Agarwalla

 

100

Anita Agarwalla

 

100

Geeta Devi

 

100

Devaki Devi

 

500

Lalita Devi

 

500

Sabita Devi Agarwalla

 

12900

Sita Devi Agarwalla

 

9900

Jairam Agarwalla (HUF)

 

7000

Puranmal Agarwalla (HUF)

 

14300

Chetram Agarwalla

 

3500

Dilip Ku Agarwalla

 

2500

Shree Ganesh Laxmi Infrastructure (Private) Limited, India

 

2000

Procton Commerce Private Limited, India

 

20000

Indopol (Jagannath) Agro Food Private Limited, India

 

12000

Parag Kumar Agarwalla

 

300

 

 

 

Total

 

172100

 

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON: 30.09.2014

 

Category

Percentage

Bodies corporate

19.76

Directors or relatives of Directors

76.87

Other top fifty shareholders

3.37

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Aata, Maida, Suji and Bran.

 

 

Products :
  • Aata
  • Maida
  • Suji
  • Bran

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

PRODUCTION STATUS

 

Particulars

31.03.2014

31.03.2013

a) Item

Wheat Products

Wheat Products

b) Licensed Capacity

N.A

N.A

c) Installed Capacity

150 MT per day

150 MT per day

d) Actual Production

33223.494 MT

30195.329 MT

 

 

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 Available

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 Available

Remark:

Not Divulged

 

 

No. of Employees :

15 (Approximately)

 

 

Bankers :

Banker Name

Axis Bank Limited

Branch Address

Bhubaneshwar, Orissa, 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

 
  • State Bank of India, Jatni Branch, Jatni-752050, Orissa, India
  • State Bank of Mysore, Bhubaneshwar, Orissa, India
  • HDFC Bank, Jatni, Orissa, India

 

Facilities :

(Rs. In Million)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Vehicle Loans from Axis Bank Limited

(The loans are secured by hypothecation of Vehicles)

0.115

0.326

 

 

 

Short Term Borrowings

 

 

Cash Credit Loan from State Bank of India, Jatni

(The above loan is secured by Hypothecation of Stocks and Receivables present and future as well as charge over Fixed Assets of the company)

0.000

11.486

 

 

 

Total

0.115

11.812

 

Auditors :

 

Name :

SCM Associates

Chartered Accountants

Address :

1st Floor, Keshari Talkies Complex, 98, Kharvel Nagar, Bhubaneshwar-751001, Orissa, India

Tel. No.:

91-674-2390054 / 2390135

Fax No.:

91-674 2394194

E-Mail :

scmca1986@gmail.com

scm_ca@yahoo.in

PAN No.:

AAQFS0096L

 

 

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

 

 

 

 

200000

Equity Shares

Rs.100/- each

Rs. 20.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

172100

Equity Shares

Rs.100/- each

Rs. 17.210 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

17.210

16.210

16.210

(b) Reserves & Surplus

125.335

106.411

88.948

(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)

142.545

122.621

105.158

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.115

0.326

0.592

(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

0.000

0.000

0.000

Total Non-current Liabilities (3)

0.115

0.326

0.592

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

11.486

3.398

(b) Trade payables

0.000

1.917

2.037

(c) Other current liabilities

4.260

3.522

9.212

(d) Short-term provisions

4.995

7.913

7.034

Total Current Liabilities (4)

9.255

24.838

21.681

 

 

 

 

TOTAL

151.915

147.785

127.431

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

68.023

60.016

55.024

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

2.139

7.296

1.191

(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)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

2.818

2.788

2.419

Total Non-Current Assets

72.980

70.100

58.634

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

5.424

5.540

5.336

(b) Inventories

31.414

7.265

18.713

(c) Trade receivables

15.965

24.930

16.084

(d) Cash and cash equivalents

12.683

4.604

16.005

(e) Short-term loans and advances

8.608

31.913

9.153

(f) Other current assets

4.841

3.433

3.506

Total Current Assets

78.935

77.685

68.797

 

 

 

 

TOTAL

151.915

147.785

127.431

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Revenue from Operations

660.717

574.582

504.829

 

Other Income

13.593

10.233

8.995

 

TOTAL

674.310

584.815

513.824

 

 

 

 

 

Less:

EXPENSES

 NA

 NA

 NA

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

 NA

 NA

 NA

 

 

 

 

 

Less:

TAX

 NA

 NA

 NA

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

9.924

17.464

15.073

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

 57.66

 107.74

 92.99

 

 

Particulars

 

 

 

31.03.2015

Sales Turnover

 

 

680.000

 

Expected Sales (2015-2016): Rs. 750.000 Million

 

The above information has been parted by Mr. Rajkishor Parida (Accountant)

 

 

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

Net Profit Margin

(PAT / Sales)

(%)

1.50

3.04

2.99

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.00

0.10

0.04

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

8.53

3.13

3.17

 

 

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

16.210

16.210

17.210

Reserves & Surplus

88.948

106.411

125.335

Net worth

105.158

122.621

142.545

 

 

 

 

long-term borrowings

0.592

0.326

0.115

Short term borrowings

3.398

11.486

0.000

Total borrowings

3.990

11.812

0.115

Debt/Equity ratio

0.038

0.096

0.001

 

 

 

 

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)

Revenue from Operations

504.829

574.582

660.717

 

 

13.817

14.991

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Revenue from Operations

504.829

574.582

660.717

Profit

15.073

17.464

9.924

 

2.99%

3.04%

1.50%

 

 

 

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

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

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

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

NOTE: Registered office of the company has been shifted from AT Ramchandrapur Bazarpo, Jatni, Khordha, Bhubaneshwar-752054, Orissa, India to the present address w. e. f. 14.04.2009

 

 

Performance Highlights:

 

The Company achieved a turnover of Rs.674.309 Million (including other income) and made an after tax profit of Rs.9.924 Million as against a turnover of Rs.584.815 Million and after tax profit of Rs.17.464 Million achieved during the previous year. The. Overall performance of the Company is satisfactory.

 

 

INDEX OF CHARGES:

 

S. No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10385611

08/10/2012

58,600,000.00

AXIS BANK LIMITED

ARCH BISHOPS HOUSE, SATYA NAGAR, BHUBANESWAR, ORISSA - 751007, INDIA

B61773933

2

10155580

11/04/2009

219,000.00

STATE BANK OF INDIA

JATNI BRANCH, JATNI, ORISSA - 752050, INDIA

A61463154

3

90079912

16/06/2014 *

35,000,000.00

State Bank of India

JATNI BRANCH, JATNI, JATNI, ORISSA - 752050, INDIA

C10789972

4

90081944

11/04/2003 *

9,000,000.00

STATE BANK OF INDIA

JATNI, KHURDA, ORISSA, INDIA

-

 

 

CONTINGENT LIABILITIES:

 

(Rs. in million)

PARTICULARS

31.03.2014

31.03.2013

 

 

 

Claims against the company not acknowledged as debts

1.275

8.405

 

 

 

 

 

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 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. 64.15

UK Pound

1

Rs. 100.04

Euro

1

Rs. 72.27

 

 

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

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

 

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

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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.