MIRA INFORM REPORT

 

 

Report No. :

352161

Report Date :

30.11.2015

 

IDENTIFICATION DETAILS

 

Name :

OFFICEDGE INDIA PRIVATE LIMITED (w.e.f. 17.02.2004)

 

 

Formerly Known As :

INTELLIVEST INVESTMENT (INDIA) PRIVATE LIMITED

 

 

Registered Office :

509, Shah and Nahar, Off Dr. E. Moses Road, Worli, Mumbai – 400018, Maharashtra

Tel. No.:

91-22-66661000/ 30407777

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

16.05.2000

 

 

Com. Reg. No.:

11-126561

 

 

Capital Investment / Paid-up Capital :

Rs. 9.000 Million

 

 

CIN No.:

[Company Identification No.]

U67120MH2000PTC126561

 

 

IEC No.:

0304001007

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMO03386F

 

 

PAN No.:

[Permanent Account No.]

AAACO6577D

 

 

Legal Form :

Private Limited Liability Company

 

 

 

Line of Business :

Trader, Exporter and Importer of Chemicals

 

 

No. of Employees :

25 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (26)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 187000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company incorporated in the year 2000 having moderate track.

 

As per Registrar of Companies the date of balance sheet (i.e financial filed) shown as 31.03.2014 but the documents related to the financial for the year 2014 are not available from any sources.

 

Mr. Hitesh Rele (Export Import Executive) provided general information and denied to disclose financial details.

 

As per available balance sheet statement of 2013, the general financial position of the company seems to be fair.

 

The status of the company is shown as active with Registrar of Companies. Payments are unknown.

 

The company can be considered for business dealings with great caution in view non-availability of latest financials.

 

NOTE:

 

Profit and Loss account of the company for the year 2013 is not available.

 

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 31-03-2015.

 

 

 

INFORMATION PARTED BY

 

Name :

Mr. Hitesh Rele

Designation :

Export Import Executive

Contact No.:

91-22-66661000

Date :

26.11.2015

 

 

LOCATIONS

 

Registered Office :

509, Shah and Nahar, Off Dr. E. Moses Road, Worli, Mumbai – 400018, Maharashtra, India

Tel. No.:

91-22-66661000/ 30407777

Mobile No.:

91-9920266388 (Mr. Anand)

Fax No.:

91-22-66669870

E-Mail :

accounts@officedge.com

Location :

Rented

Locality :

Commercial

 

 

Warehouse:

Located at:

 

Bhiwand, Maharashtra, India

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mr. Shailesh Vallabh Karwa

Designation :

Director

Address :

Kamal Kunj, 87B, Bomanji Petit Road, Near Parsi General Hospital, Mumbai - 400036, Maharashtra, India

Date of Birth/Age :

06.03.1977

Date of Appointment :

16.05.2000

DIN No.:

00062674

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

U67120MH2000PTC126561

OFFICEDGE INDIA PRIVATE LIMITED

Director

16/05/2000

16/05/2000

-

Active

NO

2

U65990MH1993PTC074972

JUNJHARJI INVESTMENT PRIVATE LIMITED

Director

15/06/2005

15/06/2005

30/11/2011

Active

NO

3

U51909MH2005PTC154635

INTELLIVEST INDIA PRIVATE LIMITED

Director

08/07/2005

08/07/2005

-

Active

NO

4

U63011MH2006PTC162629

VALUETREE INDIA PRIVATE LIMITED

Director

14/02/2012

14/06/2006

-

Active

NO

5

U51909MH2005PTC157030

RETAIL DETAILZ INDIA PRIVATE LIMITED

Director

26/07/2006

26/07/2006

05/10/2007

Active

NO

6

U74999MH2007PLC166866

STAPLES FUTURE OFFICE PRODUCTS LIMITED

Whole-time director

01/04/2014

15/03/2007

-

Active

NO

7

U35900MH2007PTC170267

CADDIE INDIA PRIVATE LIMITED

Director

24/04/2007

24/04/2007

01/10/2009

Active

NO

8

U74140MH2007PTC175600

TIRUMAL TRADING AND INVESTMENT CONSULTANTS PRIVATE LIMITED

Additional director

02/01/2008

02/01/2008

31/03/2014

Amalgamated

NO

 

 

Name :

Mr. Sharad Ravi Dalmia

Designation :

Director

Address :

40, Prabhat,8th Floor, 76 Warden Road, Mumbai - 400026, Maharashtra, India

Date of Birth/Age :

26.10.1977

Date of Appointment :

30.09.2014

DIN No.:

00635001

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

U72200MH1994PTC080029

S DALMIA INTERMEDIATES PRIVATE LIMITED

Director

01/03/2004

01/03/2004

01/06/2007

Active

NO

2

U74999MH2007PLC166866

STAPLES FUTURE OFFICE PRODUCTS LIMITED

Whole-time director

01/04/2014

15/03/2007

-

Active

NO

3

U74140MH2007PTC175600

TIRUMAL TRADING AND INVESTMENT CONSULTANTS PRIVATE LIMITED

Additional director

02/01/2008

02/01/2008

31/03/2014

Amalgamated

NO

4

U51909MH2008PTC179847

YOGINI MERCANTILE PRIVATE LIMITED

Director

10/03/2008

10/03/2008

-

Active

NO

5

U52390MH2008PTC180202

DEMIRA STUDIO PRIVATE LIMITED

Director

18/03/2008

18/03/2008

-

Active

NO

6

U51109MH2008PTC187827

DPSV IMPEX PRIVATE LIMITED.

Director

29/10/2008

29/10/2008

-

Active

NO

7

U72100MH2000PTC126186

S K PETROFILS PRIVATE LIMITED

Director

01/12/2008

01/12/2008

-

Strike off

NO

8

U51909MH2011PTC211961

BST EXPORTS PRIVATE LIMITED

Director

01/03/2012

01/03/2012

-

Active

NO

9

U67120MH2000PTC126561

OFFICEDGE INDIA PRIVATE LIMITED

Director

30/09/2014

23/06/2014

-

Active

NO

10

U63011MH2006PTC162629

VALUETREE INDIA PRIVATE LIMITED

Director

30/09/2014

23/06/2014

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Hitesh Rele

Designation :

Export Import Executive

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2014

 

Names of Shareholders

 

No. of Shares

 

Shailesh Karwa

 

36000

Vindhya Karwa

 

6000

Shreevallabh Karwa

 

1500

Shakuntala Karwa

 

1500

Anupama Dalmia

 

31500

Sharad Dalmia

 

13500

Total

 

 

90000

 

 

AS ON 30.09.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Directors or relatives of directors

100.00

 

 

Total

 

100.00

 

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Trader, Exporter and Importer of Chemicals

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

 

Products :

Finished Goods

Countries :

·         Sri Lanka

·         Bangladesh

 

 

Imports :

 

Products :

Chemical

Countries :

·         France

·         US

·         China

 

 

Terms :

 

Selling :

Cash, L/C and Credit

 

 

Purchasing :

Cash, L/C and Credit

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

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 (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

No. of Employees :

25 (Approximately)

 

 

Bankers :

Bank Name:

Citi Bank

Branch:

Fort, Mumbai, 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 A/C Opening):

Not Divulged

Average Balance Maintained (Optional):

Not Divulged

Credit Facilities Enjoyed (Cc/Od/Term Loan):

Not Divulged

Account Operation:

Not Divulged

Remarks:

Not Divulged

 

·         Syndicate Bank

Industrial Finance Branch, 3rd Floor, 10, Homji Street, Fort, Mumbai - 400023, Maharashtra, India

 

·         Citibank N. A.

Trent House, 2nd Floor, G Block, Plot No.C60, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India

 

Auditors :

 

Name :

Sandeep Kabra and Associates

Chartered Accountants

Address :

22,Manav Mandir,17th Road,Siddharth Nagar, Goregaon (West), Mumbai – 400062, Maharashtra, India

Tel. No.:

91-22-28745864/ 22078274/ 28745304

Mobile No.:

91-9869203320

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

AAGPK8150P

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2013

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

100,000

Equity Shares

Rs. 100/- each

Rs. 10.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

90,000

Equity Shares

Rs. 100/- each

Rs. 9.000 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2013

31.03.2012

31.03.2011

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

9.000

9.000

9.000

(b) Reserves & Surplus

56.355

39.685

31.735

(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)

65.355

48.685

40.735

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

74.479

50.139

4.211

(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)

74.479

50.139

4.211

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

106.988

88.261

81.519

(c) Other current liabilities

1.725

0.757

1.310

(d) Short-term provisions

8.825

3.800

4.800

Total Current Liabilities (4)

117.538

92.818

87.629

 

 

 

 

TOTAL

257.372

191.642

132.575

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

1.401

1.629

1.311

(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

0.000

0.000

0.000

(e) Other Non-current assets

8.832

3.301

5.218

Total Non-Current Assets

10.233

4.930

6.529

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

82.797

78.303

57.138

(c) Trade receivables

113.140

81.165

46.051

(d) Cash and cash equivalents

29.720

8.933

8.557

(e) Short-term loans and advances

21.482

18.311

14.300

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

247.139

186.712

126.046

 

 

 

 

TOTAL

257.372

191.642

132.575

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

NA

744.050

564.626

 

 

Other Income

NA

7.852

7.703

 

 

TOTAL                                    

NA

751.902

572.329

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

NA

NA

557.391

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

NA

NA

14.938

 

 

 

 

 

Less

TAX                                                     

NA

NA

4.806

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

16.670

7.950

10.132

 

 

 

 

 

 

Earnings Per Share (Rs.)

185.22

88.33

113.00

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2013

31.03.2012

31.03.2011

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

 

 

31.03.2013

31.03.2012

31.03.2011

Net Profit Margin

(PAT / Sales)

(%)

NA

1.07

1.79

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

NA

NA

11.27

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

NA

NA

0.37

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

1.14

1.03

0.10

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

2.10

2.01

1.44

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2011

31.03.2012

31.03.2013

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

9.000

9.000

9.000

Reserves & Surplus

31.735

39.685

56.355

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

40.735

48.685

65.355

 

 

 

 

Long-term borrowings

4.211

50.139

74.479

Short term borrowings

0.000

0.000

0.000

Total borrowings

4.211

50.139

74.479

Debt/Equity ratio

0.103

1.030

1.140

 

 

 

 

 

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)

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

No

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

No

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 two 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

 

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10363103

12/06/2012

70,000,000.00

CITIBANK N. A.

TRENT HOUSE, 2ND FLOOR, G BLOCK, PLOT NO.C60, BAN 
DRA KURLA COMPLEX, BANDRA (EAST), MUMBAI - 400051, MAHARASHTRA , INDIA

B42672212

 

 

 

UNSECURED LOANS

 

PARTICULARS

31.03.2013

(Rs. in Million)

31.03.2012

(Rs. in Million)

LONG-TERM BORROWINGS

 

 

Term loans from Banks

 

 

Syndicate Bank-Cash Credit

(Secured agnst Hypothecation of Stocks & Book Debts)

0.000

36.906

Citi Bank A/c – 003743811

(Secured agnst Hypothecation of Stocks & Book Debts)

57.473

0.000

From Shareholders /Directors / Relative

15.192

6.408

Intercorporate - Deposits

1.814

6.825

 

 

 

Total

 

74.479

50.139


FIXED ASSETS:

 

·         Computers

·         Motor Car

·         Air Conditioner

·         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 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.66.75

UK Pound

1

Rs.100.68

Euro

1

Rs.70.88

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

ARC

 

 

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

--PROFITABILIRY

1~10

3

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--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

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

 

26

 

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.