MIRA INFORM REPORT

 

 

Report No. :

340024

Report Date :

12.09.2015

 

IDENTIFICATION DETAILS

 

Name :

UNIVERSAL ABRASIVES AND MINERALS PRIVATE LIMITED

 

 

Registered Office :

2/547, Sriram Avenue, First Street, ECR Kottivakkam, Chennai – 600 041 Tamilnadu

Tel. No.:

91-44-24481093

 

 

Country :

India

 

 

Financials (as on) :

31.03.2008

 

 

Date of Incorporation :

03.07.1997

 

 

Com. Reg. No.:

18-038566

 

 

Capital Investment / Paid-up Capital :

Rs.2.909 Million

 

 

CIN No.:

[Company Identification No.]

U74999TN1997PTC038566

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

CHEU02067C

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Processing, Exporter and Importer of Copper Slag.

 

 

No. of Employees :

50 (Approximately)

 

 

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 :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company incorporated in the year 1997 having a moderate track record.

 

Management of the company has not file its financials after the year 2008 with the Government Department.

 

Mr. K. Vijaya Kumar (Manager) provided general information and also confirmed that company is active.

 

Further he also provided turnover figure for the year 2014, 2015 and expected 2016 which is not verified.

 

Payment terms are unknown.

 

The company can be considered for business dealings on a secured trade terms and considered.

 

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. K. Vijaya Kumar

Designation :

Manager

Contact No.:

91-9444022747

Date :

08.09.2015

 

 

LOCATIONS

 

Registered Office :

2/547, Sriram Avenue, First Street, ECR Kottivakkam, Chennai – 600 041 Tamilnadu, India

Tel. No.:

91-44-24481093

Mobile No.:

91-9444022747 (Mr. K. Vijaya Kumar)

91-9884495747 (Mr. Raj Gopalan Mathivanan)

91-9994545062 (Mr. Raj)

Fax No.:

91-44-24487984

E-Mail :

rajmathivanan@gmail.com

rajmathivanan@gmail.com

raj@stargrit.in

rajmathivanan@gmail.com

galmaa@vsnl.com

Website :

http://www.stargrit.in

 

 

Factory:

SIPCOT Industrial Area, Behind SICAL Warehouse, Madurai by-Pass, Tuticorin, 628008, Tamilnadu, India

Tel. No.:

91-461-2340465   

Fax No.:

91-461-2340464

 

 

DIRECTORS

 

AS ON 26.09.2008

 

Name :

Mr. Rajagopalan Raj Mathivanan

Designation :

Director

Address :

2/284 Shriram Ave, 1st Street, 2/250, Kottivakkam TMR, Chennai - 600041, Tamilnadu, India

Date of Birth/Age :

19.03.1955

Date of Appointment :

03.07.1997

DIN No.:

01858423

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

Company/ LLP Status

Defaulting status

1

U74999TN1997PTC038566

UNIVERSAL ABRASIVES AND MINERALS PRIVATE LIMITED

Director

03/07/1997

03/07/1997

Active

YES

2

U26943TN1999PTC043543

UNIVERSAL PAVERS PRIVATE LIMITED

Director

15/06/2000

15/06/2000

Active

YES

3

U74900TN2008PTC069541

STANDARD SLAG PRODUCTS PRIVATE LIMITED

Managing director

14/10/2008

14/10/2008

Active

YES

 

 

Name :

Mr. S. Ananda Murugan

Designation :

Director

Address :

4/137 B, Muthammal Colony, 7th Street, Thoothukkudi - 628002, Tamilnadu, India

Date of Birth/Age :

12.12.1949

Date of Appointment :

01.06.2009

DIN No.:

02416455

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

U74999TN1997PTC038566

UNIVERSAL ABRASIVES AND MINERALS PRIVATE LIMITED

Director

01/06/2009

03/07/1997

-

Active

YES

2

U26943TN1999PTC043543

UNIVERSAL PAVERS PRIVATE LIMITED

Director

01/07/2002

01/07/2002

25/06/2008

Active

YES

3

U74900TN2008PTC069541

STANDARD SLAG PRODUCTS PRIVATE LIMITED

Director

14/10/2008

14/10/2008

-

Active

YES

 

 

Name :

Mr. Jayanthi Mathivanan

Designation :

Additional Director

Address :

2/547, 1st Street, Sri Ram Avenue, Kottivakkam, Chennai - 600041, Tamilnadu, India

Date of Appointment :

15.09.1998

DIN No.:

01858378

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

U74999TN1997PTC038566

UNIVERSAL ABRASIVES AND MINERALS PRIVATE LIMITED

Additional director

15/09/1998

15/09/1998

-

Active

YES

2

U26943TN1999PTC043543

UNIVERSAL PAVERS PRIVATE LIMITED

Director

12/11/1999

12/11/1999

25/06/2008

Active

YES

 

 

KEY EXECUTIVES

 

Name :

Mr. K. Vijaya Kumar

Designation :

Manager

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 26.09.2008

 

Names of Shareholders

No. of Shares

 

Percentage of Holding

Rajagopalan Mathivanan

14547

50.00

Jayanthi Mathivanan

14547

50.00

 

 

 

Total

 

29094

100.00

 

 

 

 

AS ON 26.09.2008

 

Equity Share Breakup

Percentage of Holding

Category

 

Directors or relatives of directors

100.00

Total

 

100.00

 

BUSINESS DETAILS

 

Line of Business :

Processing, Exporter and Importer of Copper Slag.

 

 

Products :

Copper Slag

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :

Finished Goods

Countries :

·         Indonesia

·         Gulf Countries

·         European Countries

·         Thailand

·         China

·         Australia

 

 

Imports :

 

Products :

Raw Material

Countries :

Gulf Countries

 

 

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

 

·         ABM Shipping Co.

·         Adhyar Cabs

·         IAL Logistics Limited

·         Kani Agencies

·         Anna Muthu Lorry Services

·         Amman Woven Sacks Private Limited

 

 

Customers :

Wholesalers, Retailers and End Users

 

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

 

·         Colombo Dockyard Limited

·         Iran Shipbuilding and Off Shore

·         Strlite Industries

 

 

No. of Employees :

50 (Approximately)

 

 

Bankers :

Bank Name:

ICICI Bank Limited

Branch:

Tuticorin – 628002, Tamilnadu, 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

 

 

Facilities :

SECURED LOANS

31.03.2008

(Rs. In Million)

31.03.2007

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

ICICI Bank

0.911

1.012

UTI

0.014

0.013

Bank term loan

5.903

0.000

Total

 

6.828

1.025

 

Auditors :

 

Name :

NM. Ilangumaran

Chartered Accountants

Address :

Old No:27, Crescent Park Street, T. Nagar, Chennai – 600017, Tamilnadu, India

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

AAGPI2807R

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2008

 

Authorised Capital :

No. of Shares

Type

Value

Amount

100000

Equity Shares

Rs. 10/- each

Rs. 10.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

29094

Equity Shares

Rs. 10/- each

Rs. 2.909 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2008

31.03.2007

31.03.2006

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

2.909

2.909

2.909

2] Share Application Money

0.000

0.000

0.000

3] Reserves & Surplus

6.708

6.600

6.867

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

9.617

9.509

9.776

LOAN FUNDS

 

 

 

1] Secured Loans

6.828

1.025

2.609

2] Unsecured Loans

7.967

7.475

6.328

TOTAL BORROWING

14.795

8.500

8.937

DEFERRED TAX LIABILITIES

 

 

 

 

 

 

 

TOTAL

24.412

18.009

18.713

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

 

 

 

Gross Block

17.040

11.138

11.137

Less: Depreciation

8.532

8.119

7.647

 

 

 

 

INVESTMENT

 

 

 

DEFERRED TAX ASSETS

0.000

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
1.419

1.503

2.180

 

Sundry Debtors
2.100

2.513

2.776

 

Cash & Bank Balances
0.606

0.197

0.013

 

Other Current Assets
0.113

0.111

0.111

 

Loans & Advances
26.069

23.836

21.968

Total Current Assets
30.307

28.160

27.048

Less : CURRENT LIABILITIES & PROVISIONS
 

 

 

 

Sundry Creditors
12.404

10.720

10.375

 

Other Current Liabilities
2.000

2.455

1.460

 

Provisions
0.000

0.000

0.000

Total Current Liabilities
14.404

13.175

11.835

Net Current Assets
15.903

14.984

15.212

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.005

0.011

 

 

 

 

TOTAL

24.412

18.009

18.713

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2008

31.03.2007

31.03.2006

 

TOTAL INCOME

10.434

12.115

12.709

 

 

 

 

 

 

EXPENSES

 

 

 

 

 

TOTAL                                    

9.717

11.527

12.982

 

 

 

 

 

 

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

0.717

0.588

(0.273)

 

 

 

 

 

 

INTEREST

0.196

0.382

0.329

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION 

0.521

0.206

(0.602)

 

 

 

 

 

 

DEPRECIATION/ AMORTISATION                    

0.414

0.472

0.557

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX

0.107

(0.266)

(1.159)

 

 

 

 

 

 

TAX

0.000

0.000

0.000

 

 

 

 

 

 

PROFIT / (LOSS) AFTER TAX

0.107

(0.266)

(1.159)

 

 

 

 

 

 

Earnings Per Share (Rs.)

3.68

(9.14)

(39.84)

 

 

PARTICULARS

 

31.03.2015

31.03.2014

Sales Turnover (Approximately)

20.000

15.000

 

 

 

 

Expected Sales (2015-2016): Rs. 35.000 Million

 

The above information has been parted by Mr. K. Vijaya Kumar (Manager)

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2008

31.03.2007

31.03.2006

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

 

 

31.03.2008

31.03.2007

31.03.2006

Net Profit Margin

(PAT/Total Income)

(%)

1.03

(2.20)

(9.12)

 

 

 

 

 

Operating Profit Margin
(PBIDT/Total Income)

(%)

6.87

4.85

(2.15)

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

0.28

(0.85)

(3.79)

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.01

(0.03)

-0.12

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

1.54

0.89

0.91

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.35

1.36

1.49

 

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2006

31.03.2007

31.03.2008

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

2.909

2.909

2.909

Reserves & Surplus

6.867

6.600

6.708

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

9.776

9.509

9.617

 

 

 

 

Secured Loans

2.609

1.025

6.828

Unsecured Loans

6.328

7.475

7.967

Total borrowings

8.937

8.500

14.795

Debt/Equity ratio

0.914

0.894

1.538

 

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2006

31.03.2007

31.03.2008

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Total Income

12.709

12.115

10.434

 

 

(4.674)

(13.875)

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2006

31.03.2007

31.03.2008

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Total Income

12.709

12.115

10.434

Profit

(1.159)

(0.266)

0.107

 

(9.12%)

(2.20%)

1.03%

 

 

 

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

Yes

19

Major customers

Yes

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

No

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

Yes

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

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

90293777

19/09/1998

500,000.00

STATE BANK OF INDIA

NUNGAMBAKKAM BRANCH, CHENNAI - 600034, TAMILNADU,
INDIA

-

2

90292593

21/03/1998

2,500,000.00

STATE BANK OF INDIA

NUNGAMBAKKAM BRANCH, CHENNAI - 600034, TAMILNADU,
INDIA

-

 

 

UNSECURED LOANS

 

PARTICULARS

31.03.2008

(Rs. In Million)

31.03.2007

(Rs. In Million)

SHORT TERM BORROWINGS

 

 

From Directors

4.195

3.352

Others

3.772

4.122

 

 

 

Total

 

7.967

7.474

 

 

NOTE:

 

The registered office of the company has been shifted from 2/250, Sriram Avenue, First Street, Kottivakkam, Chennai – 600041, Tamilnadu, India to the present address but the same has not been updated in Government Registry.

 

FIXED ASSETS:

 

·         Plant and Machinery

·         Lease Hold Premises

·         Furniture and Fittings

·         Electrical Installations

·         Office Equipment’s

·         Computers

·         Vehicles

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.66.39

UK Pound

1

Rs.102.59

Euro

1

Rs.74.90

 

 

INFORMATION DETAILS

 

Information Gathered by :

PRT

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

ARC

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

2

PAID-UP CAPITAL

1~10

2

OPERATING SCALE

1~10

2

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

1

--PROFITABILIRY

1~10

1

--LIQUIDITY

1~10

1

--LEVERAGE

1~10

1

--RESERVES

1~10

1

--CREDIT LINES

1~10

--

--MARGINS

-5~5

--

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

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

 

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.