MIRA INFORM REPORT
|
Report No. : |
339174 |
|
Report Date : |
02.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
PLATINUM
PAINTING ESSENTIALS AND TRADING PRIVATE LIMITED (w.e.f. 27.11.2012) |
|
|
|
|
Formerly Known
As : |
SANKHYA TRADING PRIVATE LIMITED |
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Registered
Office : |
109, Prospect Chambers, 317, Dr. D. N. Road, Fort, Mumbai
– 400001, Maharashtra |
|
Tel. No.: |
91-2522-276565 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
14.01.1994 |
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Com. Reg. No.: |
11-076080 |
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Capital
Investment / Paid-up Capital : |
Rs.1.491 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1994PTC076080 |
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|
IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trading in Stationery Items, Colours and Fabrics. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Small Company |
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|
|
Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small company incorporated during the year 1994. Its
scale of activities are limited. The rating takes into consideration company’s modest networth and
small scale of operations. There seems slight dip in the profit of the company during FY 2014. Trade relations are reported as fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered for small business dealings with some
caution. |
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
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 DENIED BY
|
Name : |
Mr. Rajendra |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-2522-276565 |
|
Date : |
02.09.2015 |
LOCATIONS
|
Registered Office : |
109, Prospect Chambers, 317, Dr. D. N. Road, Fort, Mumbai
– 400001, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
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Godown/ Branch : |
Building No. 40, 1st floor, Arihant Commercial Complex,
Purna, Bhiwandi - 421302, Maharashtra, India |
|
Tel. No.: |
91-2522-276565/ 276767/ 276434/ 271000 |
|
Fax No.: |
91-2522-270530 |
|
E-mail: |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Krishna Rajesh Goenka |
|
Designation : |
Director |
|
Address : |
109, Prospect Chambers, 317, Dr. D. N. Road, Fort, Mumbai - 400001, Maharashtra, India |
|
Date of Birth/Age : |
30.05.1963 |
|
Date of Appointment : |
11.03.2006 |
|
DIN No.: |
00175909 |
|
|
|
|
Name : |
Mr. Rajesh Ramballabh Goenka |
|
Designation : |
Director |
|
Address : |
109 Prospect Chambers, 317 Dr. D. N. Road, Fort, Mumbai - 400001, Maharashtra, India |
|
Date of Birth/Age : |
09.05.1962 |
|
Date of Appointment : |
01.04.1996 |
|
DIN No.: |
00169395 |
KEY EXECUTIVES
|
Name : |
Mr. Rajendra |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS
As on 29.09.2014
|
Names of Shareholders |
No. of Shares |
|
Goenka Ramballabh Bimla |
1450 |
|
Goenka Ramballabh Dipti |
550 |
|
Goenka Ramballabh Rajesh |
6000 |
|
Goenka Ramballabh Mahesh |
1000 |
|
Goenka Bhagwati Prasad Ramballabh |
750 |
|
Goenka Rajesh Krishna |
3000 |
|
Goenka Rajesh Yashvardhan |
2100 |
|
Ziaee Hatim |
10 |
|
Ziaee Ali |
10 |
|
Ziaee Nuzhat |
10 |
|
Desai K. Jyoti Ramji |
10 |
|
Desai Bhavya Ramji |
10 |
|
Jariwala Jasmine |
10 |
|
Total |
14910 |
As on 29.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading in Stationery Items, Colours and Fabrics. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
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Auditors : |
|
|
Name : |
B. J. Singhania and Company Chartered Accountants |
|
Address : |
B-1 Rashmi Palace, Ground Floor, Kalpna Chawla Marg, Borivali (West),
Mumbai – 400103, Maharashtra, India |
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Tel. No.: |
91-22-28958525 |
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E-Mail : |
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PAN No.: |
AADFB7213R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000 |
Equity Shares |
Rs.100/- each |
Rs.1.500 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14910 |
Equity Shares |
Rs.100/-
each |
Rs.1.491
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 |
1.491 |
1.491 |
0.991 |
|
(b) Reserves &
Surplus |
8.012 |
7.235 |
6.301 |
|
(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) |
9.503 |
8.726 |
7.292 |
|
|
|
|
|
|
(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 |
|
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|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
14.982 |
19.139 |
16.498 |
|
(b) Trade payables |
1.085 |
13.500 |
11.202 |
|
(c) Other current
liabilities |
1.074 |
11.000 |
1.438 |
|
(d) Short-term provisions |
0.121 |
0.599 |
0.798 |
|
Total Current Liabilities
(4) |
17.262 |
44.238 |
29.936 |
|
|
|
|
|
|
TOTAL |
26.765 |
52.964 |
37.228 |
|
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|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
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(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.838 |
0.874 |
1.067 |
|
(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 |
1.177 |
1.178 |
1.178 |
|
(c) Deferred tax assets
(net) |
0.084 |
0.083 |
0.076 |
|
(d) Long-term Loan and Advances |
1.868 |
2.486 |
2.480 |
|
(e) Other Non-current
assets |
0.186 |
5.016 |
4.478 |
|
Total Non-Current Assets |
4.153 |
9.637 |
9.279 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
15.499 |
14.015 |
12.897 |
|
(c) Trade receivables |
5.535 |
27.902 |
13.588 |
|
(d) Cash and cash
equivalents |
1.399 |
1.067 |
0.928 |
|
(e) Short-term loans and
advances |
0.179 |
0.343 |
0.536 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
22.612 |
43.327 |
27.949 |
|
|
|
|
|
|
TOTAL |
26.765 |
52.964 |
37.228 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
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Other Income |
|
|
|
|
|
TOTAL (A) |
50.608 |
48.822 |
48.157 |
|
|
|
|
|
|
|
Less |
EXPENSES |
46.839 |
44.640 |
44.111 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
3.769 |
4.182 |
4.046 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
2.422 |
2.504 |
2.261 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
1.347 |
1.678 |
1.785 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.195 |
0.250 |
0.300 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
1.152 |
1.428 |
1.485 |
|
|
|
|
|
|
|
Less |
TAX |
0.374 |
0.494 |
0.512 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
0.778 |
0.934 |
0.973 |
|
|
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|
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|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
7.235 |
6.301 |
5.328 |
|
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|
|
|
|
|
|
Balance Carried to the
B/S |
8.013 |
7.235 |
6.301 |
|
|
|
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|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
10.193 |
7.432 |
6.341 |
|
|
TOTAL IMPORTS |
10.193 |
7.432 |
6.341 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
52.17974514 |
62.6425218 |
65.25821596 |
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 |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.52 |
2.76 |
4.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.16 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.58 |
2.19 |
2.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.31 |
0.98 |
0.93 |
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 |
0.991 |
1.491 |
1.491 |
|
Reserves & Surplus |
6.301 |
7.235 |
8.012 |
|
Net worth |
7.292 |
8.726 |
9.503 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
16.498 |
19.139 |
14.982 |
|
Total borrowings |
16.498 |
19.139 |
14.982 |
|
Debt/Equity ratio |
2.262 |
2.193 |
1.577 |
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 |
48.157 |
48.822 |
50.608 |
|
|
|
1.381 |
3.658 |
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 |
48.157 |
48.822 |
50.608 |
|
Profit |
0.973 |
0.934 |
0.778 |
|
|
2.02% |
1.91% |
1.54% |
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 address has been shifted from the 29, Varsha 69/B Nepean Sea
Road, Mumbai – 400006, Maharashtra, India to The Present Address w.e.f.
01.04.2009
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
SHORT TERM
BORROWING |
|
|
|
From Directors |
|
|
|
Rajesh Ramballabh Goenka |
4.500 |
4.559 |
|
Krishna Goenka |
3.683 |
2.207 |
|
From
Shareholders |
|
|
|
Hatim Ziaee |
0.153 |
0.153 |
|
Jasmine K. Jariwala |
0.051 |
0.051 |
|
Jasmine K. Jariwala |
0.104 |
0.104 |
|
Ali Ziaee |
0.205 |
0.205 |
|
Nuzhat Ziaee |
0.511 |
0.511 |
|
Anjali Kadam |
0.110 |
0.110 |
|
Sabina Ziaee |
0.665 |
0.665 |
|
From Others |
|
|
|
Bajaj Finance Limited |
1.027 |
1.468 |
|
Total |
11.009 |
10.033 |
INDEX OF CHARGES
|
S.
No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
80050857 |
22/03/2006 * |
260,000.00 |
THE ZOROASTIAN CO-OPERATIVE BANK LIMITED |
16, HORINIMAL CIRCLE, MUMBAI -400023, Maharashtra, INDIA |
- |
|
2 |
90164158 |
20/08/2001 |
163,000.00 |
THE ZOROASTRIAN CO OP BANK LIMITED |
16 HORNIMAN CIRCLE FORT, BOMBAY - 400023, Maharashtra, INDIA |
- |
|
3 |
90163735 |
10/01/2015 * |
6,000,000.00 |
The Zoroastrian Co-operative Bank Limited |
Fort Branch,, Yusuf
Building, Ground Floor, V. N. |
C41180142 |
|
4 |
90163362 |
08/11/1997 * |
200,000.00 |
THE ZOROASTRIAN CO OP BANK LIMITED |
ZOROASTRIAN ASSO. BUILDING16 HORNIMAN CIRCLE FORT, BOMBAY - 400023, Maharashtra, INDIA |
- |
|
5 |
80050858 |
23/04/1996 * |
400,000.00 |
THE ZOROASTRIAN CO-OPERATIVE BANK LIMITED |
16, HORNIMAN CIRCLE, MUMBAI - 400023, Maharashtra, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Computer
- Furniture and Fixtures
- Air Conditioner
- Fax Machine
- Motor Cars
- Television Set
- Internet Hardware
- Xerox Machine
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 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 |
|
|
1 |
Rs.101.99 |
|
Euro |
1 |
Rs.74.78 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
27 |
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.