MIRA INFORM REPORT
|
Report No. : |
345990 |
|
Report Date : |
17.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
S K EDUCATIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
S. K. Tower, 9988, B-1, Sarai Rohilla, New Rohtak Road, Delhi – 110005 |
|
Tel. No.: |
91-11-28711111/23379477 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
20.08.1999 |
|
|
|
|
Com. Reg. No.: |
55-101251 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1999PTC101251 |
|
|
|
|
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
: |
Subject owns and operates secondary and pre-schools which offers playschool,
pre-school, and secondary level education services. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 101100 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a leading play school education presenters in India. It is
a parent company behind Bachpan (Playgroup) and AHPS (Academic Heights Public
School) has the multidimensional exposure and experiences in the
learning/teaching programs. It has more than 1000 playschools across various
states in India. It was established in the year 1999. It is having satisfactory track. The company has modest networth base however, as comfortable debt
level in FY14. It has reported increase in its net profit in the year under
consideration. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. In view of aforesaid, the company can be considered for business
dealings with 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 DENIED BY
|
Name : |
Mr. Genu Gopal |
|
Designation : |
Account Manager |
|
Contact No.: |
91-11-28711111 |
|
Date : |
17.10.2015 |
LOCATIONS
|
Registered Office/ Corporate Office
: |
S. K. Tower, 9988, B-1, Sarai Rohilla, New Rohtak Road, Delhi – 110005 |
|
Tel. No.: |
91-11-28711111/23379477 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Ajay Gupta |
|
Designation : |
Director |
|
Address : |
113, Shakti Vihar, Pitam Pura, New Delhi-110034, India |
|
Date of Birth/Age : |
08.12.1970 |
|
Date of Appointment : |
15.12.1999 |
|
DIN No.: |
00033545 |
|
|
|
|
Name : |
Mr. Narender Kumar Jain |
|
Designation : |
Director |
|
Address : |
23, Model Basti, New Delhi-110005, India |
|
Date of Birth/Age : |
20.03.1948 |
|
Date of Appointment : |
15.12.1999 |
|
DIN No.: |
00033860 |
|
|
|
|
Name : |
Mr. Deepshikha Gupta |
|
Designation : |
Director |
|
Address : |
113, Shakti Vihar, Pitam Pura, New Delhi-110034, India |
|
Date of Birth/Age : |
15.11.1967 |
|
Date of Appointment : |
20.08.1999 |
|
DIN No.: |
00033805 |
|
|
|
|
Name : |
Mr. Shri Krishan Gupta |
|
Designation : |
Director |
|
Address : |
397, Sainik Vihar, Shakur Basti, New Delhi-110034, India |
|
Date of Birth/Age : |
10.08.1949 |
|
Date of Appointment : |
26.08.2010 |
|
DIN No.: |
00033779 |
|
|
|
|
Name : |
Mr. Ishwar Dayal Gupta |
|
Designation : |
Director |
|
Address : |
8234, Nai Anaj Mandi, Mohalla Chimney Wali Gali , Rani Jhansi Road, Delhi-110006, India |
|
Date of Birth/Age : |
15.02.1958 |
|
Date of Appointment : |
29.06.2011 |
|
DIN No.: |
00033232 |
|
|
|
|
Name : |
Mr. Tijay Gupta |
|
Designation : |
Director |
|
Address : |
113, Shakti Vihar, Pitam Pura, New Delhi-110034, India |
|
Date of Birth/Age : |
23.03.1980 |
|
Date of Appointment : |
10.12.2013 |
|
DIN No.: |
00033593 |
KEY EXECUTIVES
|
Name : |
Mr. Genu Gopal |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Deepshikha Gupta |
|
1109 |
|
Vijay Gupta |
|
259 |
|
Ajay Gupta |
|
470 |
|
Narander Kr. Jain |
|
125 |
|
Tijay Gupta |
|
601 |
|
Savitri Devi |
|
930 |
|
Shri Krishan Gupta |
|
101 |
|
Pooja Gupta |
|
301 |
|
Ajay Gupta and Sons HUF |
|
801 |
|
Tijay Gupta and Sons HUF |
|
301 |
|
S K Gupta and Sons HUF |
|
1 |
|
Renu Jain |
|
1 |
|
Total |
|
5000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject owns and operates secondary and pre-schools which offers
playschool, pre-school, and secondary level education services. |
|
|
|
|
Products/ Services : |
Education services |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
Indraprastha Sehkari Bank Limited The Shamrao Vithal Co-Operative Bank Limited |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||
|
Auditors : |
|
|
Name : |
Sharad Jain Associates Chartered Accountants |
|
Address : |
213, Hans Bhawan, 1, Bhahdurshah Zafar Marg, New Delhi-110002, Delhi,
India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ABBFS3608L |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000 |
Equity Shares |
Rs.100/- each |
Rs. 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000 |
Equity Shares |
Rs.100/- each |
Rs. 0.500
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 |
0.500 |
0.500 |
0.500 |
|
(b) Reserves & Surplus |
34.887 |
19.178 |
12.136 |
|
(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) |
35.387 |
19.678 |
12.636 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
22.749 |
24.070 |
1.321 |
|
(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) |
22.749 |
24.070 |
1.321 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
46.055 |
42.598 |
34.217 |
|
(b) Trade
payables |
7.025 |
15.239 |
1.102 |
|
(c) Other current
liabilities |
32.490 |
22.865 |
21.359 |
|
(d) Short-term
provisions |
3.592 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
89.162 |
80.702 |
56.678 |
|
|
|
|
|
|
TOTAL |
147.298 |
124.450 |
70.635 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
10.266 |
5.591 |
7.128 |
|
(ii)
Intangible Assets |
0.057 |
0.086 |
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 |
0.594 |
0.591 |
0.585 |
|
(c) Deferred tax assets (net) |
0.006 |
0.162 |
0.080 |
|
(d) Long-term Loan and Advances |
0.870 |
20.651 |
0.450 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
11.793 |
27.081 |
8.243 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
55.173 |
30.670 |
22.012 |
|
(c) Trade
receivables |
68.765 |
58.313 |
37.244 |
|
(d) Cash
and cash equivalents |
4.899 |
3.471 |
2.566 |
|
(e)
Short-term loans and advances |
6.668 |
4.915 |
0.570 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
135.505 |
97.369 |
62.392 |
|
|
|
|
|
|
TOTAL |
147.298 |
124.450 |
70.635 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
339.613 |
274.849 |
195.967 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
315.674 |
264.384 |
187.196 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
23.939 |
10.465 |
8.771 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
8.229 |
3.424 |
2.723 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
15.710 |
7.041 |
6.048 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (Rs.) |
3142.00 |
1408.20 |
1209.60 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities
of long term loans |
|
|
|
|
Car Loan |
1.094 |
0.531 |
0.473 |
|
HDFC Bank Term loan |
2.606 |
2.311 |
- |
|
Total |
3.700 |
2.842 |
0.473 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Total Income) |
(%) |
4.63 |
2.56 |
3.09 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.32 |
8.46 |
12.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.68 |
0.53 |
0.69 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.05 |
3.53 |
2.85 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.52 |
1.21 |
1.10 |
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 |
0.500 |
0.500 |
0.500 |
|
Reserves & Surplus |
12.136 |
19.178 |
34.887 |
|
Net
worth |
12.636 |
19.678 |
35.387 |
|
|
|
|
|
|
long-term borrowings |
1.321 |
24.070 |
22.749 |
|
Short term borrowings |
34.217 |
42.598 |
46.055 |
|
Current maturities of
long-term debts |
0.473 |
2.842 |
3.700 |
|
Total
borrowings |
36.011 |
69.510 |
72.504 |
|
Debt/Equity
ratio |
2.850 |
3.532 |
2.049 |
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) |
|
Total Income |
195.967 |
274.849 |
339.613 |
|
|
|
40.253 |
23.563 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
195.967 |
274.849 |
339.613 |
|
Profit |
6.048 |
7.041 |
15.710 |
|
|
3.09% |
2.56% |
4.63% |
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 |
No |
|
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 |
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 |
NOTE: Registered office of the company has been shifted from P P Tower, 3rd Floor, Main Road, Opposite T V Tower, Pitampura, Delhi-110034, India to the present address w.e.f. 13.10.2010
UNSECURED LOAN
|
Particular |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from banks: |
|
|
|
from Directors |
9.150 |
7.333 |
|
|
|
|
|
Total |
9.150 |
7.333 |
FIXED ASSETS
- Office Equipment
- Computer
- Furniture and Fixture
- Vehicles
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 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.64.97 |
|
|
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.73.99 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--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 |
|
47 |
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.