MIRA INFORM REPORT

 

 

Report No. :

349930

Report Date :

16.11.2015

 

IDENTIFICATION DETAILS

 

Name :

TANIA POLY FILMS PRIVATE LIMITED

 

 

Registered Office :

WZ-105A, 1st Floor, Basai Darapur, New Delhi - 110015

Tel. No.:

91-11-25459186/ 25459187

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

19.01.2006

 

 

Com. Reg. No.:

55-145103

 

 

Capital Investment / Paid-up Capital :

Rs.1.500 Million

 

 

CIN No.:

[Company Identification No.]

U74899DL2006PTC145103

 

 

IEC No.:

0507084373

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELT06593G

 

 

PAN No.:

[Permanent Account No.]

AACCT4104D

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trader, Exporter and Importer of B.O.P.P Films, Aluminium Foil, Polyester Films, Printing Inks of Gravure, etc.

 

 

No. of Employees :

10 (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 110000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in the year 2006, it is established company having satisfactory track record.

 

The rating takes consideration on company’s satisfactory financial risk profile along with by low leverage, comfortable debt coverage indicators and comfortable liquidity position.

 

The rating further derives strength on company experienced promoter, healthy operating profit during years and decent track record of its operations.

 

However, the rating the strength is partially offsets by the increasing competition, and volatility in raw material prices and foreign exchange rates.

 

Trade relations seem to be fair. Business is active. Payments terms are usually correct.

 

In view of aforesaid, the company can be considered for normal business dealings with its 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 31-03-2015.

 

 

INFORMATION PARTED BY (GENERAL DETAILS)

 

Name :

Mr. Manoj Kumar Tyagi

Designation :

Director

Contact No.:

91-9810002434

Date :

16.11.2015

 

 

LOCATIONS

 

Registered Office / Warehouse 1:

WZ-105A, 1st Floor, Basai Darapur, New Delhi – 110015, India

Tel. No.:

91-11-25459186/ 25459187

Mobile No.:

91-9810002434 [Mr. Manoj Kumar Tyagi]

Fax No.:

Not Available

E-Mail :

vipinbgupta_ca@yahoo.co.in

accounts@taniapolyfilms.com

tania@taniapolyfilms.com

mk@taniapolyfilms.com 

Website :

http://www.taniapolyfilms.com

Area:

45 Sq.mt.

Location :

Owned

Locality :

Commercial

 

 

Godown and works :

I-53, Ground and First Floor, Block -I, Sector 4, DSIDC, Bawana, New Delhi - 110039, India

Area:

250 Sq.mt.

Location :

Owned

 

 

DIRECTORS

 

AS 29.09.2014

 

Name :

Mr. Manoj Kumar Tyagi

Designation :

Director

Address :

WZ-505, Tyagi Niwas, Basai Darapur, New Delhi – 110015, India

Date of Birth/Age :

11.01.1962

Date of Appointment :

19.01.2006

PAN No.:

AAEPT9736E

DIN No.:

00234540

 

 

Name :

Mrs. Neha Tyagi

Designation :

Director

Address :

WZ-505, Tyagi Niwas, Basai Darapur, New Delhi – 110015, India

Date of Birth/Age :

01.07.1964

Date of Appointment :

19.01.2006

DIN No.:

00234750

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

U74899DL2006PTC145103

TANIA POLY FILMS PRIVATE LIMITED

Director

19/01/2006

19/01/2006

-

Active

NO

2

U72200DL2006PTC146428

AS COMPUSOFT SERVICES PRIVATE LIMITED

Additional director

04/08/2007

04/08/2007

20/09/2011

Active

NO

3

U74899DL1995PTC073033

KANGAROO GOLF EQUIPMENTS MFG CO INDIA PRIVATE LIMITED

Director

17/06/2011

17/06/2011

-

Active

NO

 

 

Name :

Mr. Abhinav Tyagi

Designation :

Director

Address :

WZ-505, Tyagi Niwas, Basai Darapur, New Delhi – 110015, India

Date of Birth/Age :

24.09.1991

Date of Appointment :

01.01.2010

PAN No.:

AJPPT6279E

DIN No.:

02916312

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

U74899DL2006PTC145103

TANIA POLY FILMS PRIVATE LIMITED

Director

01/01/2010

01/01/2010

-

Active

NO

2

U74899DL1995PTC073033

KANGAROO GOLF EQUIPMENTS MFG CO INDIA PRIVATE LIMITED

Director

17/06/2011

17/06/2011

-

Active

NO

 

 

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS 29.09.2014

 

Names of Shareholders

 

No. of Shares

 

Manoj Kumar Tyagi

 

5400

Neha Tyagi

 

4400

Abhinav Tyagi

 

5200

Manoj Tyagi and Sons HUF

 

1

 

 

 

Total

 

 

15001

 

Equity Share Break up (Percentage of Total Equity)

 

AS 29.09.2014

 

Category

Percentage

Directors or relatives of directors

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Trader, Exporter and Importer of B.O.P.P Films, Aluminium Foil, Polyester Films, Printing Inks of Gravure, etc.

 

 

Products :
  • B.O.P.P Films
  • C.P.P Films
  • Solventless Adhesives(PU and Water Based)
  • Rotogravure and Flexo Inks
  • Metalized Films
  • Aluminium Foil

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :

Finished Goods

Countries :

·         Nepal

 

 

Imports :

 

Products :

Finished Goods

Countries :

·         Dubai

·         China

 

 

Terms :

 

Selling :

Cash, L/C and Credit

 

 

Purchasing :

Cash, L/C and Credit

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Polyplex Corporation Limited

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

 

·         Uflex Limited

·         Jindal Polyfilms Limited

·         Hindustan Traders

·         Coim India Private Limited

·         Cosmo Films Limited

·         DCP India Private Limited 

 

 

Customers :

Reference :

Radha Madhav Corporation Limited

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

 

Wholesalers, Retailers

 

·         Active Printpack Private Limited

·         Bells Insulation Private Limited

·         Jewel Papers Private Limited

·         Sai Packaging

·         Bhavna Enterprises

·         Amco India Limited

·         Dev Chemicals

·         Enjoy Food Private Limited

·         Global Packaging

 

 

No. of Employees :

10 (Approximately)

 

 

Bankers :

Bank Name

Axis Bank Limited

Branch

2nd Floor, Statesman House, 148, Barakhamba Road, New Delhi - 110001, 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 :

Secured Loan

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

Long-term Borrowings

 

 

Term Loan

- From Bank

0.191

0.949

Short-term borrowings

 

 

Loan repayable on Demand

- From Bank

28.447

31.600

Total

28.638

32.549

 

Auditors :

 

Name :

Vipin Behari Gupta and Company

Chartered Accountants

Address :

C-15, Double Storey, Ramesh Nagar, New Delhi – 110015, India

Tel. No.:

91-11-25927560/ 25927150

Mobile No.:

91-9810022933

Fax No.:

91-11-25937061

Income-tax PAN of auditor or auditor's firm :

AAEPG8844Q

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Other related party :

Manoj Tyagi and Sons (HUF)

 

 

Associate Enterprises :
  • Hindustan Traders
  • Kangaroo Golf Equipment Manufacturing Company Private Limited

 

 

CAPITAL STRUCTURE

 

AS ON 29.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

30,000

Equity Shares

Rs. 100/- each

Rs. 3.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

15,001

Equity Shares

Rs. 100/- each

Rs. 1.500 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

1.500

1.500

1.500

(b) Reserves & Surplus

37.122

30.939

24.855

(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)

38.622

32.439

26.355

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

14.232

9.590

15.470

(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)

14.232

9.590

15.470

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

28.447

31.600

19.797

(b) Trade payables

9.051

24.137

19.183

(c) Other current liabilities

1.805

0.225

0.000

(d) Short-term provisions

1.184

0.445

1.122

Total Current Liabilities (4)

40.487

56.407

40.102

 

 

 

 

TOTAL

93.341

98.436

81.927

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

2.376

2.856

3.275

(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)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.622

0.428

0.393

(e) Other Non-current assets

0.006

0.010

0.010

Total Non-Current Assets

3.004

3.294

3.678

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

21.047

14.583

13.565

(c) Trade receivables

64.374

65.144

62.025

(d) Cash and cash equivalents

0.660

1.055

0.469

(e) Short-term loans and advances

4.256

14.360

2.190

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

90.337

95.142

78.249

 

 

 

 

TOTAL

93.341

98.436

81.927

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

284.304

288.040

NA

 

Other Income

 

 NA

 

TOTAL

284.304

288.040

NA

 

 

 

 

 

Less

EXPENSES

 

 

 

 

TOTAL

273.898

278.913

NA

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

10.406

9.127

11.501

 

 

 

 

 

Less

TAX

4.223

3.042

3.519

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

6.183

6.085

7.982

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

412.15

405.62

 NA

 

 

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) operations

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Total Income)

(%)

2.17

2.11

NA

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

11.15

9.27

14.04

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.27

0.28

0.44

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.11

1.27

1.34

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

2.23

1.69

1.95

 

 

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

1.500

1.500

1.500

Reserves & Surplus

24.855

30.939

37.122

Share Application money pending allotment

0.000

0.000

0.000

Net worth

26.355

32.439

38.622

 

 

 

 

long-term borrowings

15.470

9.590

14.232

Short term borrowings

19.797

31.600

28.447

Total borrowings

35.267

41.190

42.679

Debt/Equity ratio

1.338

1.270

1.105

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

Total Income

288.040

284.304

 

(1.297)

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

Total Income

288.040

284.304

Profit

6.085

6.183

 

2.11%

2.17%

 

 

 

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

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)

Yes

16

No. of employees

Yes

17

Details of sister concerns

Yes

18

Major suppliers

Yes

19

Major customers

Yes

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 two 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

Yes

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

 

 

Loans and Advances from related parties

0.642

0.642

Loans from Directors

13.399

7.999

Total

14.041

8.641

 

NOTE

 

The registered office of the company has been shifted from WZ-505, 1st Floor, Tyagi Niwas, Basai Dara Puri, New Delhi – 110015, India to the present address w.e.f. 01.4.2006.

 

CORPORATE INFORMATION

 

The company is carrying on business as trader, dealer, importer, exporter of B.O.P.P Films, Polyster Films, C.P.P Films all plastic Films. The company was incorporated on 19th January, 2006 with the registrar of companies NCT of Delhi, Haryana vide CIN U74899DL2006PTC145103 its registered. Office is situated at  WZ-105A, 1st Floor, Basai Darapur, New Delhi – 110015, India and Godown and works at I-53, Ground and First Floor, Block -I, Sector 4, DSIDC, Bawana, New Delhi - 110039, India.

 

FINANCIAL RESULTS

 

This is the 8th year of the business of the Company. The Company has earned profit of Rs. 10.406 Million in this year against the profit of Rs. 9.127 Million in the previous year. The Company is doing well in the business and the same is likely to increase in the subsequent years.


INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10017186

16/02/2015 *

40,000,000.00

AXIS BANK LTD.

2ND FLOOR, STATESMAN HOUSE, 148, BARAKHAMBA ROAD, NEW DELHI - 110001, INDIA

C43997535

 

* Date of charge modification

 

FIXED ASSETS:

 

·         Gold Coin

·         Air Conditioner

·         Aquaguard

·         CCTV Camera

·         EPABX System

·         Inverter

·         Cellular Phone

·         Fire Extinguisher

·         Lift Equipment

·         Office Cooler

·         Office Freeze

·         Electro Hydraulic Stacker

·         Furniture and Fixture

·         Vehicles

·         Computer

·         Laptop

·         HP Printer

·         Busy Software

·         Furniture and Fixture

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.66.14

UK Pound

1

Rs.100.55

Euro

1

Rs.71.26

 

 

INFORMATION DETAILS

 

Information Gathered by :

DPA

 

 

Analysis Done by :

KAS

 

 

Report Prepared by :

SNT

 

 

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

YES

--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.