MIRA INFORM REPORT

 

 

Report No. :

339210

Report Date :

02.09.2015

 

IDENTIFICATION DETAILS

 

Name :

DHAVAL COLOUR CHEM PRIVATE LIMITED

 

 

Registered Office :

802, Kamla Executive Park, Off M.V. Road, Opposite Vazir Glass Factory, Andheri (East), Mumbai – 400059, Maharashtra

Tel. No.:

91-22-40855000

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

20.10.1993

 

 

Com. Reg. No.:

11-074606

 

 

Capital Investment / Paid-up Capital :

Rs. 0.800 Million

 

 

CIN No.:

[Company Identification No.]

U24114MH1993PTC074606

 

 

IEC No.:

0397031416

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMD09944E

 

 

PAN No.:

[Permanent Account No.]

AAACD3417F

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trader and Importer of Printing Products and Solution

 

 

No. of Employees :

90 (Approximately) (In Office : 70, In Branch : 20)

 

 

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

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a well - established company having satisfactory track.

 

Rating takes into consideration sound financial risk profile marked by adequate networth base and acceptable gearing of the company.

 

Further, management has reported decent growth in its revenue base along with decent profit margin in FY 14.

 

However, trade relations are fair. Business is active. Payment terms are reported to be usually correct.

 

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.

 

 

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 31-03-2013.

 

INFORMATION PARTED BY

 

Name :

Mr. Dhaval Dadia

Designation :

Director

Contact No.:

91-22-40855003

Date :

28.08.2015

 

 

LOCATIONS

 

Registered Office:

802, Kamla Executive Park, Off M.V. Road, Opposite Vazir Glass Factory, Andheri (East), Mumbai – 400059, Maharashtra, India

Tel. No.:

91-22-40855000

Mobile No.:

Not Available

Fax No.:

91-22-40855003

E-Mail :

banking@dcc.co.in

Website :

www.dcc.co.in

Area :

4000 Sq. Ft.

Location :

Owned

 

 

 

 

Branch Office :

30, ERO Layout,  Near Sowdambigal KAlyan MAndapam, College Road, Tirupur - 641602, Tamilnadu, India

Tel. No.:

91-421-2233265

Area :

10000 Sq. Ft.

Location :

Leased

 

 

 

 

DIRECTORS

 

As on 30.09.2014

 

Name :

Mr. Dhaval Narendra Dadia

Designation :

Director

Address :

601, Sanskruti, 38 Park Road, Vile Parle (East), Mumbai-400 057, Maharashtra, India

Age:

35 Years

Qualification:

Bachelor of Science

Experience:

15 Years

Date of Appointment :

01.04.2001

DIN No.:

00806045

 

 

Name :

Mr. Narendra Harilala Dadia

Designation :

Director

Address :

601, Sanskruti, 38 Park Road, Vile Parle (East), Mumbai-400 057, Maharashtra, India

Age:

65 Years

Qualification :

Graduate 

Experience:

40 Years

Date of Appointment :

30.03.1994

DIN No.:

00806070

 

 

Name :

Mrs. Kashmira Narendra Dadia

Designation :

Director

Address :

601, Sanskruti, 38 Park Road, Vile Parle (East), Mumbai-400 057, Maharashtra, India

Age:

63 Years

Qualification :

Graduate 

Experience:

25 Years

Date of Appointment :

20.10.1993

DIN No.:

00806101

 

 

Name :

Mr. Kishor Harilal Dadia

Designation :

Director

Address :

A-31, Shantivan devidas Lane, Boriwali (West), Mumbai-400 103, Maharashtra, India

Qualification :

Graduate 

Date of Appointment :

20.10.1993

DIN No.:

00985725

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2014

 

Names of Shareholders

No. of Shares

%age holding

Dhawal Narendra Dadia

2135

26.69

Narendra Harilala Dadia

3661

45.76

Kashmira Narendra Dadia

951

11.89

Manjula Kishor Dadia

2

0.01

Neha Narendras Dadia

1250

15.63

Kishor Harilal Dadia

1

0.03

 

 

 

Total

8000

100.00

 

 

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 :

Trader and Importer of Printing Products and Solution

 

 

Products :

·         Textile Screen Printing

·         Graphic Screen Printing

·         Digital and Sublimation Printing

 

 

Brand Names :
  • Aron Fluorescent Pigment
  • Rutland DCC Garment Printing Ink
  • Arjoo Papers
  • M and R Machinery
  • Epson Printers and Ink
  • Creative Inks
  • DGI Machinery and Inks
  • Kornit Machinery and Inks
  • Monti Machine
  • Wasatch Software

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :

Garment Printing Ink

Countries :
  • Bangladesh
  • Sri Lanka
  • Dubai

 

 

Imports :

 

Products :
  • Textile Screen Printing
  • Graphic Screen Printing
  • Digital and Sublimation Printing

Countries :
  • USA
  • France
  • Israel / Hong Kong
  • Italy
  • Korea

 

 

Terms :

 

Selling :

Credit (60, 90 Days)

 

 

Purchasing :

Credit (60, 90 Days)

 

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 :

Wholesalers, End Users

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 :

90 (Approximately) (In Office : 70, In Branch : 20)

 

 

Bankers :

 

  • Union Bank of India, Goregaon (East) Branch, 172/73, Shri Sadan, Shantaben Estate, Goregaon (East), Mumbai - 400063, Maharashtra, India
  • Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227,D, Nariman Point, Mumbai - 400021, Maharashtra, India

Bank Name

Kotak Mahindra Bank Limited

Branch

J.B. Nagar, Andheri (East), 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 Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Cash Credit Rs. 22.500 Million + Non Fund based for BC/BG/LC etc.

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

(Rs. In Million)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

ICICI Bank Limited - Car Loans

0.000

1.447

 

 

 

SHORT TERM BORROWING

 

 

Cash Credit from Kotak Mahindra Bank

(secured against hypothication of all current assets of the company and personal guarantees of directors)

15.092

3.115

Buyers Credit from Bank in foreign Exchange

(secured against hypothication of all current assets of the company and personal guarantees of directors)

24.073

0.000

 

 

 

Total

39.165

4.562

 

Auditors :

 

Name :

Amit P. Doshi and Company

Chartered Accountants

Address :

613/614, NEelkanth Business park, Opposite Railway Station, Vidyavihar (West), Mumbai - 400086, Maharashtra, India

Tel. No.:

91-22-25146854/55

E-Mail :

amit@apdoshi.com

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

AARFA0281E

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

(As confirmed by the management)

Name:

Innovacion Retail Private Limited

Address:

802, Kamla Executive Park, office M.V. Road, J.B. Nagar, Andheri (East), Mumbai - 400059, Maharashtra, India

Line of Business:

Manufacturer, Importer and Trader of Digital Printing Ink, Paper, Gifting Products, etc.

 

 

CAPITAL STRUCTURE

 

As on 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10000

Equity Shares

Rs.100/- each

Rs. 1.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

8000

Equity Shares

Rs.100/- each

Rs. 0.800 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

0.800

0.800

0.800

(b) Reserves & Surplus

104.701

84.051

72.295

(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)

105.501

84.851

73.095

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

20.000

26.447

27.474

(b) Deferred tax liabilities (Net)

0.842

0.241

0.325

(c) Other long term liabilities

0.250

0.250

0.250

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

21.092

26.938

28.049

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

97.584

35.188

19.356

(b) Trade payables

60.686

66.475

46.384

(c) Other current liabilities

22.301

17.010

11.089

(d) Short-term provisions

0.000

0.000

0.000

Total Current Liabilities (4)

180.571

118.673

76.829

 

 

 

 

TOTAL

307.164

230.462

177.973

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

43.445

30.088

17.381

(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

11.989

9.740

8.084

(e) Other Non-current assets

8.349

2.115

0.000

Total Non-Current Assets

63.783

41.943

25.465

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

81.410

48.329

43.184

(c) Trade receivables

144.216

122.227

91.516

(d) Cash and cash equivalents

5.304

3.617

2.664

(e) Short-term loans and advances

12.058

13.602

14.295

(f) Other current assets

0.393

0.744

0.849

Total Current Assets

243.381

188.519

152.508

 

 

 

 

TOTAL

307.164

230.462

177.973

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Revenue From Operations

529.949

373.055

255.708

 

Other Income

1.153

0.582

5.555

 

TOTAL

531.102

373.637

261.263

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

346.440

241.706

158.117

 

Employees benefits expense

69.827

53.548

44.087

 

Other expenses

63.732

49.698

38.339

 

TOTAL

479.999

344.952

240.543

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION 

51.103

28.685

20.720

 

 

 

 

 

Less

FINANCIAL EXPENSES

13.548

6.370

5.597

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION 

37.555

22.315

15.123

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

6.415

4.458

4.259

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

31.140

17.857

10.864

 

 

 

 

 

Less

TAX

10.396

6.017

3.434

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

20.744

11.840

7.430

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD 

84.050

72.295

64.958

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

Dividend

0.093

0.093

0.093

 

Total

0.093

0.093

0.093

 

 

 

 

 

 

Balance Carried to the B/S

104.701

84.050

72.295

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

F.O.B. Value of Exports

 

88.048

13.645

 

TOTAL EARNINGS

0.000

88.048

13.645

 

 

 

 

 

 

IMPORTS

 

 

 

 

Traded Goods

0.000

75.860

58.909

 

Capital Goods

 0.000

13.068

0.000

 

TOTAL IMPORTS

0.000

88.928

58.909

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

2592.97

1481.03

928.75

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

1.447

1.319

11.089

Cash generated from operations

N.A

N.A

N.A

Net cash flow from operating activity

N.A

N.A

N.A

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

3.91

3.17

2.91

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

9.64

7.69

8.10

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

10.14

7.75

6.10

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.30

0.21

0.15

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.13

0.74

0.79

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.35

1.59

1.99

 

 

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

0.800

0.800

0.800

Reserves & Surplus

72.295

84.051

104.701

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.000

0.000

0.000

Net worth

73.095

84.851

105.501

 

 

 

 

long-term borrowings

27.474

26.447

20.000

Short term borrowings

19.356

35.188

97.584

Current maturities of long-term debts

11.089

1.319

1.447

Total borrowings

57.919

62.954

119.031

Debt/Equity ratio

0.792

0.742

1.128

 

 

 

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)

Sales

255.708

373.055

529.949

 

 

45.891

42.057

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

255.708

373.055

529.949

Profit

7.430

11.840

20.744

 

2.91%

3.17%

3.91%

 

 

 

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

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

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

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

NOTE: Registered office of the company has been shifted from 13 Bombay Wire Compound, B Patel Road, Goregaon (East), Mumbai - 400063, Maharashtra, India to the present address w.e.f. 01.04.2010

 

 

 

UNSECURED LOAN

(Rs. In Million)

Particulars

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Unsecured loan from Shareholders and Director

20.000

25.000

 

 

 

SHORT TERM BORROWING

 

 

Unsecured loan from Shareholders and Director

58.419

32.073

 

 

 

Total

78.419

57.073

 

 

INDEX OF CHARGES:

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10212617

20/03/2014 *

56,900,000.00

KOTAK MAHINDRA BANK LIMITED

36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA

C00715730

 

 

FIXED ASSETS

  • Motor Car
  • Furniture and Fixture
  • Office Equipment
  • Computer
  • Plant and Machinery
  • Building

 

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.66.26

UK Pound

1

Rs.101.99

Euro

1

Rs.74.79

 

 

INFORMATION DETAILS

 

Information Gathered by :

SUV

 

 

Analysis Done by :

KIN

 

 

Report Prepared by :

RKI

 

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

5

--PROFITABILITY

1~10

6

--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

 

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

 

--

 

 

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.