MIRA INFORM REPORT
|
Report No. : |
323406 |
|
Report Date : |
25.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
KHOSLA ELECTRONICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
15/2B, Sankari Para Road, Kolkata – 700025, West Bengal |
|
Tel. No.: |
91-33-24555398 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
02.02.2001 |
|
|
|
|
Com. Reg. No.: |
21-092838 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.762 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109WB2001PTC092838 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALK02634C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK9715C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealer and Trader of Electrical and Domestic Appliances. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having moderate track record The rating takes
into consideration, unfavorable gap between trade payable and trade
receivable and also increased in the overall borrowings of the company which
may further act as a threat to the liquidity position As per Registrar
of Companies the status of the company is shown as active. Payment terms are
unknown The company can be
considered for business dealings with some caution. Note : Our executive visited the store of Khosla Electronics
Private Limited there he found that the invoice copy (attached in attachment
number 3) as submitted to the bank by the local party is not genuine. Our executive also had a word with the accounts
department of the store who commented that the format of their invoice copy
have been changed since 01-04-2014 (as attached in attachment number 2).
Moreover they are saying that the series of the invoice number mentioned in
the Invoice copy belongs to the year 2013
(attached in attachment number 1) as the series of Invoice numbers for
the year 2015 is totally different. The store manager also commented that the items
mentioned in the invoice are quite old and even obsolete. For example the air
condition mentioned in the invoice is an obsolete one as the company has
stopped manufacturing that type of AC more than 2-3 years back. Further they have also said that whenever they are
preparing any invoice they always mention the phone number (mobile phone/
landline) of the customer. But in this case there is no mention of any phone
number in the Invoice copy. Hence after looking at all these aspects KHOSLA
ELECTRONICS PRIVATE LIMITED has confirmed that the invoice copy does not
belong to them and is a fake one. |
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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Arun Chaudhary |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9874249731 |
|
Date : |
23.05.2015 |
LOCATIONS
|
Registered Office : |
15/2B, Sankari Para Road, Kolkata – 700025, West Bengal, India |
|
Tel. No.: |
91-33-24555398 |
|
Mobile No.: |
91-9874249731 (Mr. Arun) |
|
Fax No. : |
91-33-24765133/ 24555398 |
|
E-Mail : |
sushitiwari_associates@redifmail.com
|
|
|
|
|
Showroom : |
32, Syed Amir Ali Aveue Kolkata – 700019, West Bengal, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Manoj Khosla |
|
Designation : |
Director |
|
Address : |
15 / 2B Sarkari Road, Kolkata – 700025, West Bengal, India |
|
Date of Birth/Age : |
29.09.1963 |
|
Date of Appointment : |
02.02.2001 |
|
PAN No.: |
AFGPK5121H |
|
DIN No.: |
01834298 |
|
|
|
|
Name : |
Mr. Manish Khosla |
|
Designation : |
Director |
|
Address : |
194 B/ 1, NSC Bose Road, Kolkata - 700047, West Bengal, India |
|
Date of Birth/Age : |
02.10.1964 |
|
Date of Appointment : |
02.02.2001 |
|
Date of Appointment : |
AFTPK1463P |
|
DIN No.: |
00784320 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Manoj Khosla |
181500 |
|
Manish Khosla |
181500 |
|
Minod Khosla |
98500 |
|
Rupam Khosla |
98500 |
|
Vignesh Traders Private Limited, India
|
6000 |
|
Sachi Dealcom Private Limited, India
|
4000 |
|
Ideal Stockist Private Limited, India
|
10000 |
|
Amazing Dealcom Private Limited, India
|
14000 |
|
Galaxy Retails Private Limited, India
|
14000 |
|
Sanskriti Vintrade Private Limited, India |
8000 |
|
Satabdi Realstate Private Limited, India |
12000 |
|
Amber Vyapaar Private Limited, India
|
4800 |
|
Sukhsagar Vyapaar Private Limited, India |
8000 |
|
Vee Pointcommerce Private Limited, India |
4000 |
|
Fancy Commodeal Private Limited, India
|
4000 |
|
Jayasri Fiscal Services Private Limited, India |
1200 |
|
Landmark Dealcom Private Limited, India |
326250 |
|
Total |
976250 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
42.64 |
|
Directors or relatives of Directors |
57.36 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer and Trader of Electrical and Domestic Appliances. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
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|
|
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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|
|
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Imports : |
Not Divulged |
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|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
Chartered Accountant |
|
Address : |
12 Ho-Chi Minh Sarani, Suite No. 2D to 2F, 2nd Floor, Kolkata
- 70071, West Bengal, India |
|
Tel. No. : |
91-33-40035801 |
|
Fax No. : |
91-33-40035832 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AASFS4445F |
|
|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Associates : |
CIN No.: U51909WB2009PTC136787
CIN No.: U74999WB2012PTC184862 |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
976,250 |
Equity Shares |
Rs.10/- each |
Rs. 9.762
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 |
9.762 |
8.200 |
6.600 |
|
(b) Reserves & Surplus |
154.362 |
114.176 |
79.813 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
7.500 |
|
Total
Shareholders’ Funds (1) + (2) |
164.124 |
122.376 |
93.913 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
95.756 |
111.286 |
63.288 |
|
(b) Deferred tax liabilities
(Net) |
3.274 |
2.563 |
1.659 |
|
(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) |
99.030 |
113.849 |
64.947 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
330.487 |
257.600 |
212.113 |
|
(b) Trade payables |
150.600 |
158.128 |
136.533 |
|
(c) Other current liabilities |
44.093 |
31.062 |
16.210 |
|
(d) Short-term provisions |
14.222 |
6.812 |
5.067 |
|
Total
Current Liabilities (4) |
539.402 |
453.602 |
369.923 |
|
|
|
|
|
|
TOTAL |
802.556 |
689.827 |
528.783 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
108.689 |
96.869 |
78.925 |
|
(ii) Intangible Assets |
5.996 |
5.456 |
5.088 |
|
(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 |
1.000 |
1.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
141.761 |
97.361 |
20.771 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
256.446 |
200.686 |
105.784 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
444.136 |
322.145 |
296.646 |
|
(c) Trade receivables |
36.520 |
89.954 |
47.162 |
|
(d) Cash and cash equivalents |
23.175 |
43.248 |
34.318 |
|
(e) Short-term loans and
advances |
42.279 |
33.794 |
44.873 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
546.110 |
489.141 |
422.999 |
|
|
|
|
|
|
TOTAL |
802.556 |
689.827 |
528.783 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL
|
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
36.033 |
31.888 |
|
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
11.163 |
8.174 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
24.870 |
23.714 |
17.858 |
|
|
|
|
|
|
|
Less |
TAX (H) |
8.122 |
7.721 |
5.862 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
16.748 |
15.993 |
11.996 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
57.406 |
41.413 |
29.417 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
74.154 |
57.406 |
41.413 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
17.16 |
-- |
-- |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
29.517 |
23.510 |
6.566 |
|
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} |
(%) |
3.10 |
3.44 |
3.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.19 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.78 |
3.21 |
3.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.01 |
1.08 |
1.14 |
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 |
6.600 |
8.200 |
9.762 |
|
Reserves & Surplus |
79.813 |
114.176 |
154.362 |
|
Share Application money pending allotment |
7.500 |
0.000 |
0.000 |
|
Net
worth |
93.913 |
122.376 |
164.124 |
|
|
|
|
|
|
long-term borrowings |
63.288 |
111.286 |
95.756 |
|
Short term borrowings |
212.113 |
257.600 |
330.487 |
|
Current maturities of
long-term debts |
6.566 |
23.510 |
6.566 |
|
Total
borrowings |
281.967 |
392.396 |
432.809 |
|
Debt/Equity
ratio |
3.002 |
3.206 |
2.637 |
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 |
Yes |
|
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 |
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 |
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Other loans and advances |
0.000 |
25.000 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Intercorporate borrowings |
44.579 |
0.000 |
|
Total |
44.579 |
25.000 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10518579 |
27/08/2014 |
72,000,000.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE-, PUNE, Maharashtra - 411035, INDIA |
C19602507 |
|
2 |
10401849 |
07/11/2014 * |
253,000,000.00 |
ING VYSYA BANK LIMITED |
279 A, N.S.C., BOSE ROAD,GROUND FLOOR, KOLKATA, West Bengal -
700047, INDIA |
C43818558 |
|
3 |
10196273 |
27/09/2013 * |
249,500,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH (CBB),, 1, SHAKESPEARE S |
B87200499 |
|
4 |
10176552 |
24/05/2013 * |
40,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT, MUMBAI, Maharashtra -
400021, INDIA |
B76423136 |
|
5 |
10072572 |
30/07/2008 * |
35,000,000.00 |
3i Infotech Trusteeship Services Limited |
3rd to 6th floor, International Infotech Park, Tower No.5, Vashi Railway
Station Complex, Vashi, Navi Mumbai, Maharashtra - 400703, INDIA |
A43074509 |
FIXED ASSETS
Tangible Assets
- Buildings
- Furniture and Fixtures
- Vehicles
- Office Equipment
Intangible Assets
- Computer Software
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.63.57 |
|
|
1 |
Rs.99.67 |
|
70.92Euro |
1 |
Rs.70.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
27 |
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.