MIRA INFORM REPORT

 

 

Report No. :

345694

Report Date :

19.10.2015

 

IDENTIFICATION DETAILS

 

Name :

JSL CORPORATE SERVICES LIMITED

 

 

Registered Office :

Valecha Chambers, 6th  Floor, New Link Road, Andheri (West), Mumbai -  400053, Maharashtra

Tel. No.:

91-22-40915000

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

19.11.1993

 

 

Com. Reg. No.:

11-075210

 

 

Capital Investment / Paid-up Capital :

Rs. 35.000 million

 

 

CIN No.:

[Company Identification No.]

U65923MH1993PLC075210

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Investment and Finance Company (As confirmed by Management subject has not started business activity)

 

 

No. of Employees :

Information declined by the management 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca (11)

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Yet to commence Its Business Activity

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Even though the company was incorporated during 19th November, 1993, it is yet to commence its business activity.

 

Management remains non-cooperative.

 

Business is active as per the status shown in the Registrar of Companies. Payment are unknown.

 

The company can be considered for business dealing on safe and secured 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

 

MANAGEMENT NON COOPERATIVE (91-22-40915000)

 

 

LOCATIONS

 

Registered Office :

Valecha Chambers, 6th  Floor, New Link Road, Andheri (West), Mumbai -  400053, Maharashtra, India

Tel. No.:

91-22-40915000

Fax No.:

91-22-40915014

E-Mail :

investor@jsl.in

 

 

DIRECTORS

 

AS ON 22.09.2014

 

Name :

Mr. Kanayo Ratanlal Thakur

Designation :

Director

Address :

11, Brighton Bunglow, Lokhandwala Complex Versova, Andheri (West), Mumbai - 400 053,  Maharashtra, India

Date of Birth/Age :

13.11.1942

Date of Appointment :

05.09.2003

DIN No.:

00001270

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

L45200MH1974PLC017494

JYOTI STRUCTURES LIMITED

Whole-time director

30/05/2015

7/2/1978

-

Active

NO

2

U40108MH2001PLC132635

JYOTI ENERGY LIMITED

Director

6/7/2001

6/7/2001

12/1/2015

Active

NO

3

U65923MH1993PLC075210

JSL CORPORATE SERVICES LIMITED

Director

5/9/2003

5/9/2003

12/1/2015

Active

NO

4

U70102MH2007PTC174574

SURYA INDIA FINGROWTH PRIVATE LIMITED

Director

30/09/2011

11/10/2010

-

Active

NO

5

U74900MH2008PTC178060

MOD AGE CONSULTANTS AND ADVISORY SERVICES PRIVATE LIMITED

Director

14/09/2013

1/7/2013

-

Active

NO

 

Name :

Mr. Sudhir Sopanrao Karande

Designation :

Director

Address :

D-103, Gayatri Palace, Thakur Complex, Kandivali (East), Mumbai, 400101, Maharashtra, India

Date of Birth/Age :

07.09.1961

Date of Appointment :

26.09.2015

DIN No.:

00001280

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

U40108MH2001PLC132635

JYOTI ENERGY LIMITED

Director

26/09/2015

6/7/2001

-

Active

NO

2

U65923MH1993PLC075210

JSL CORPORATE SERVICES LIMITED

Director

26/09/2015

3/4/2003

-

Active

NO

3

U28999MH1980PLC022966

JSL STRUCTURES LIMITED CN

Director

6/1/2006

6/1/2006

-

Amalgamated

NO

4

U74140MH2010PTC201991

SUMANTRA CONSULTANCY SERVICES PRIVATE LIMITED

Director

13/04/2010

13/04/2010

14/11/2011

Active

NO

 

Name :

Mr. Manoj Kumar Mathur

Designation :

Director

Address :

No.201,Royal-1, ELDECO, Green Apartments, Gomti Nagar, Lucknow - 226010, Uttar Pradesh, India

Date of Appointment :

26.09.2015

DIN No.:

01444985

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

U45400KA2007PTC042310

MANORATH DEVELOPERS PRIVATE LIMITED

Director

30/03/2007

30/03/2007

-

Active

NO

2

U74120UP2007PTC033273

ABHISHEK TRADERS PRIVATE LIMITED

Director

10/5/2007

10/5/2007

12/3/2010

Active

NO

3

U74120UP2013PTC059407

SARMAN POULTRY PRIVATE LIMITED

Director

5/9/2013

5/9/2013

-

Active

NO

4

U40108MH2001PLC132635

JYOTI ENERGY LIMITED

Director

26/09/2015

10/12/2014

-

Active

NO

5

U65923MH1993PLC075210

JSL CORPORATE SERVICES LIMITED

Director

26/09/2015

10/12/2014

-

Active

NO

 

Name :

Mr. Rajendra Singh Bisal Singh Rana

Designation :

Director

Address :

21 Prakash Kunj Krishna Wadi Jawahar Nagar, Khar (East) Mumbai - 400051, Maharashtra, India

Date of Appointment :

26.09.2015

DIN No.:

02391853

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

U65923MH1993PLC075210

JSL CORPORATE SERVICES LIMITED

Director

26/09/2015

10/12/2014

-

Active

NO

2

U40108MH2001PLC132635

JYOTI ENERGY LIMITED

Director

26/09/2015

10/12/2014

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Kajal Kishor Jakharia

Designation :

Secretary

Address :

201, Panorama, 63, Jaisukhlal Mehta Road, Green Street, Santacruz (West), Mumbai - 400054, Maharashtra, India

Date of Birth/Age :

07.03.1982

Date of Appointment :

03.01.2009

PAN No:

AFUPJ3840E

 

 

 

MAJOR SHAREHOLDERS

 

AS ON 29.09.2014

 

Names of Shareholders

 

No. of Shares

Mr. K. R. Thakur (Beneficial owner - Jyoti Structures Limited)

 

33

Mr. Prakash K. Thakur (Beneficial owner - Jyoti Structures Limited)

 

1

Mr. L. H. Khilnani (Beneficial owner -Jyoti Structures Limited)

 

1

Mr. Santosh V. Nayak (Beneficial owner - Jyoti Structures Limited)

 

1

M/s Jyoti Structures Limited

 

3499962

Mr. Sudhir V. Nayak (Beneficial owner - Jyoti Structures Limited)

 

1

Mr. Rakesh Y. Singhal (Beneficial owner - Jyoti Structures Limited)

 

1

Total

 

3500000

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 29.09.2014

 

Category

Percentage

Bodies corporate

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Investment and Finance Company (As confirmed by Management subject has not started business activity)

 

 

Products :

Not Available

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

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 Divulged

Remark:

Not Divulged

 

 

Customers :

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 Divulged

Remark:

Not Divulged

 

 

No. of Employees :

Information declined by the management 

 

 

Bankers :

Banker Name

Not Divulged

Branch Address

Not Divulged

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

 

 

 

Auditors :

 

Name :

R.  M. Ajgaonkar and Associates

Chartered Accountants

Address :

Mandar,  Juhu Tara Road, Opposite Bharat Petroleum Pump, Juhu, Mumbai – 400049, Maharashtra, India

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

AAIFR7610R

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Holding company :

Jyoti Structures Limited

(CIN No. : L45200MH1974PLC017494)

 

 

Associates :
  • Jyoti Energy Limited (CIN NO.: U40108MH2001PLC132635)
  • Jyoti Structures Africa (Private) Limited
  • Jyoti International Inc.
  • Jyoti Americas LLC
  • Jyoti Structures Canada Limited
  • Jyoti Structures FZE.
  • Jyoti Structures Namibia (Private) Limited

 

 

CAPITAL STRUCTURE

 

AS ON 22.09.2014 

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

9000000

Equity Shares

Rs.10/- each

Rs. 90.000 Million

100000

Preference Shares

Rs.100/- each

Rs. 10.000 Million

 

Total

 

Rs. 100.000 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

3500000

Equity Shares

Rs.10/- each

Rs. 35.000 Million

 

 

 

 

 

 

Names of shareholder holding more than 5 % shares

 

PARTICULARS

No.

% holding

Jyoti Structures Limited

3500000

100%

 

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

35.000

35.000

35.000

(b) Reserves & Surplus

13.903

13.958

13.970

(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)

48.903

48.958

48.970

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(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)

0.000

0.000

0.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

0.043

0.035

0.027

(c) Other current liabilities

0.000

0.000

0.000

(d) Short-term provisions

0.000

0.000

0.000

Total Current Liabilities (4)

0.043

0.035

0.027

 

 

 

 

TOTAL

48.946

48.993

48.997

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

0.000

0.000

0.000

(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

0.000

0.000

0.000

Total Non-Current Assets

0.000

0.000

0.000

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

0.000

0.000

0.000

(d) Cash and cash equivalents

0.050

0.050

0.050

(e) Short-term loans and advances

48.896

48.943

48.947

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

48.946

48.993

48.997

 

 

 

 

TOTAL

48.946

48.993

48.997

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Income

0.000

0.000

0.000

 

 

Other Income

0.000

0.000

0.000

 

 

TOTAL                                     (A)

0.000

0.000

0.000

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Other  Expenses

0.055

0.013

0.024

 

 

TOTAL                                     (B)

0.055

0.013

0.024

 

 

 

 

 

Less

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)       (C)

(0.055)

(0.013)

(0.024)

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

0.000

0.000

0.000

 

 

 

 

 

 

PROFIT/(LOSS)  BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                           (E)

(0.055)

(0.013)

(0.024)

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

0.000

0.000

0.000

 

 

 

 

 

 

PROFIT/(LOSS) BEFORE TAX (E-F)                  (G)

(0.055)

(0.013)

(0.024)

 

 

 

 

 

Less

TAX                                                                  (H)

0.000

0.000

0.000

 

 

 

 

 

 

PROFIT/(LOSS)  AFTER TAX (G-H)                   (H)

(0.055)

(0.013)

(0.024)

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

13.957

13.970

13.994

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

13.902

13.957

13.970

 

 

 

 

 

 

Earnings Per Share (Rs.)

(0.02)

0.00

(0.007)

 

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 flows from (used in) operations

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Return on Total Assets

(PBT/Total Assets}

(%)

(0.11)

(0.03)

(0.05)

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.00

0.00

0.00

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.00

0.00

0.00

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1138.28

1399.80

1814.70

 

 

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

35.000

35.000

35.000

Reserves & Surplus

13.970

13.958

13.903

Net worth

48.970

48.958

48.903

 

 

 

 

long-term borrowings

0.000

0.000

0.000

Short term borrowings

0.000

0.000

0.000

Total borrowings

0.000

0.000

0.000

Debt/Equity ratio

0.000

0.000

0.000

 

 

 

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

No

8

Designation of contact person

No

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

Yes

18

Major suppliers

No

19

Major customers

No

20

Banking Details

No

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

Yes

26

Turnover of firm for last three years

No

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

 

OPERATIONS

 

No business was transacted by the Company during the year and the loss is due to statutory payments.

 

 

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

 

 

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.64.97

UK Pound

1

Rs.100.55

Euro

1

Rs.73.99

 

 

INFORMATION DETAILS

 

Information Gathered by :

SUP

 

 

Analysis Done by :

RAS

 

 

Report Prepared by :

GTA

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

3

PAID-UP CAPITAL

1~10

2

OPERATING SCALE

1~10

1

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

1

--PROFITABILITY

1~10

--

--LIQUIDITY

1~10

1

--LEVERAGE

1~10

1

--RESERVES

1~10

1

--CREDIT LINES

1~10

1

--MARGINS

-5~5

11

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--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

 

11

 

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.