MIRA INFORM REPORT

 

 

Report No. :

340760

Report Date :

16.09.2015

 

IDENTIFICATION DETAILS

 

Name :

SGMM ORES PRIVATE LIMITED

 

 

Registered Office :

Supreme Palace, 4th Floor, Opposite Civil Lines Police Station, Civil Lines, Jabalpur- 482001, Madhya Pradesh

Mobile No.:

91-9926181818

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

01.02.2012

 

 

Com. Reg. No.:

10-027610

 

 

Capital Investment / Paid-up Capital :

Rs. 0.100 Million

 

 

CIN No.:

[Company Identification No.]

U13100MP2012PTC027610

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is in the business of prospecting, exploring, operating and working on mines, quarries and to set, smelt, manufacture, process or otherwise deal in all sort of ores and minerals.

 

 

No. of Employees :

150 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (26)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate 

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated on 1st February, 2012, it has moderate track record.

 

The rating takes into consideration hefty debt level which create risk to liquidity position of the company. There is drastic dip in the profit of the company as compared to previous year. There also seems unfavorable gap between trade receivables and trade payables.

 

However, Trade relations are reported as fair. Business is active. Payment terms are reported to be slow but correct.

 

The company can be considered for business dealings with some cautions.

 

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

NSIC - CARE

Rating

MSE Rating = SE 2B

Rating Explanation

Have moderate financial strength and huge performance capability

 

 

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 (GENERAL DETAILS)

 

Name :

Mr. Rajiv Chadha

Designation :

Director

Contact No.:

91-9926181818

Date :

14.09.2015

 

 

LOCATIONS

 

Registered Office/ Factory :

Supreme Palace, 4tth Floor, Opposite Civil Lines Police Station, Civil Lines, Jabalpur- 482001, Madhya Pradesh, India

Tel. No.:

Not Available

Mobile No.:

91-9926181818 (Mr. Rajiv Chadha)

Fax No.:

Not Available

E-Mail :

sgmmindia@gmail.com

rccpljbp@gmail.com

 

 

DIRECTORS

 

As on 30.09.2014

 

Name :

Mr. Rajiv Chadha

Designation :

Director

Address :

Opposite G.S. College, Civil Lines, Jabalpur - 482001, Madhya Pradesh, India

Date of Appointment :

01.02.2012

DIN No.:

01787249

 

 

Name :

Mrs. Anchal Chadha

Designation :

Director

Address :

Opposite G.S. College, South Civil Lines, Jabalpur - 482001, Madhya Pradesh, India

Date of Appointment :

01.02.2012

DIN No.:

03637493

 

 

Name :

Mr. Karan Veer Chadha

Designation :

Director

Address :

G.S. College, South Civil Lines, Jabalpur - 482001, Madhya Pradesh, India

Date of Appointment :

01.02.2012

DIN No.:

03637496

 

 

Name :

Mrs. Meenu Chadha

Designation :

Director

Address :

Bunglow No.1 , Kachnar Castle, Civil Line, Jabalpur - 482001, Madhya Pradesh, India

Date of Appointment :

01.02.2012

DIN No.:

03637503

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2014

 

Names of Shareholders

 

No. of Shares

%age holding

Rajiv Chadha

 

2500

25.00

Anchal Chadha

 

2500

25.00

Meenu Chadha

 

2500

25.00

Karan Veer Chadha

 

2500

25.00

 

 

 

 

Total

 

10000

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 :

Subject is in the business of prospecting, exploring, operating and working on mines, quarries and to set, smelt, manufacture, process or otherwise deal in all sort of ores and minerals.

 

 

Products :
  • Mining of Iron Ores
  • Mining of Hematite
  • Magnetite
  • Limonite
  • Siderite
  • Taconite

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

L/C and Cheque

 

 

Purchasing :

L/C and Cheque

 

PRODUCTION STATUS NOT AVAILABLE

 

GENERAL INFORMATION

 

Suppliers :
  • E.S. Infra Serve Private Limited, Jabalpur, Madhya Pradesh, India
  • Abhishek Enterprises, Faridabad, Haryana
  • Arora Electric Company, Jabalpur, Madhya Pradesh, India
  • Bhawani Automobiles, Jabalpur, Madhya Pradesh, India
  • Director RNA Ores and Minerals Private Limited
  • Shree Fuels and Minerals, Gandhidham, Gujarat, India

Reference :

Khatri Mines and Minerals, Jabalpur, Madhya Pradesh, India

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 :

End Users

  • Bhilal Espat Private Limited, Durg (CG)
  • Dipankar Biswas
  • Ceramic Plaza
  • Khushbu Sakalle
  • Shubham Enterprises, Jabalpur, Madhya Pradesh, India
  • Uttam Galva Metallics Limited, Wardha
  • Vishwakaram Mining Company, Katni

Reference :

K K Bulk Movers, Jabalpur, Madhya Pradesh, India

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 :

150 (Approximately) 

 

 

Bankers :
  • State Bank of India

Bank Name

Allahabad Bank

Branch

Civil Lines Branch Jabalpur - 482001, Madhya Pradesh, 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)

Not Divulged

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 BORROWINGS

 

 

HDFC Audi A-6 Loan (Topup)

1.114

0.000

HDFC Bank Tipper Loan A/c

1.222

2.692

HDFC Car - Audi A-6 Loan A/c

0.447

1.688

ICICI Bank AMW - Loan (5418)

1.389

0.000

ICIC Bank AMW - Loan (5518)

1.389

0.000

Indusind Bank (XUV - 500 Mahindra) Loan A/c

0.702

1.061

Indusind Bank Limited (Traveller) Loans A/c

0.378

0.622

Industrial Bank Limited (Valvo Excvtr) Loan A/c

0.602

2.410

Magma Finance Limited (Cat Machine) Loan A/c

1.415

3.852

Magma Fincorp Limited (Amit Q-7) Loan A/c

2.291

3.273

Magma Finance (Innova) Loan

0.000

0.086

Tata Capital Loan 3404 (23.16 L) (Car - 320)

1.927

0.000

Tata Capital Loan 3404 n(16.77 L) Crusher

1.394

0.000

Tata Capital Loan 3482 (26 L) Crusher

2.070

0.000

Tata Capital Loan (Voltas)

5.971

0.000

Tata Capital Ludhiana A/c

0.584

1.674

 

 

 

SHORT TERM BORROWING

 

 

Allahabad Bank. C.C A/c 2.0 (776)

22.664

0.000

Allahabad Bank FDR Limit A/c 3.33 (691)

38.203

0.000

SBI Civil Line Main Branch (Shree Gulab) FD OD 8)

0.689

0.000

 

 

 

Total

84.451

17.356

 

Financial Institution:

Tata Capital Financial Services Limited

 

 

Auditors :

 

Name :

Arun Grover and Associate

Chartered Accountants

Address :

43, Naya Bazar, Opposite Shyam Arcade, Malviya Chowk, Jabalpur, Madhya Pradesh, India

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

ADUPG9117D

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

As on 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10000

Equity Shares

Rs.10/- each

Rs. 0.100 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10000

Equity Shares

Rs.10/- each

Rs. 0.100 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

0.100

0.100

0.100

(b) Reserves & Surplus

15.344

14.343

0.000

(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)

15.444

14.443

0.100

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

63.977

44.274

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)

63.977

44.274

0.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

61.557

0.000

0.000

(b) Trade payables

40.954

64.200

0.000

(c) Other current liabilities

4.559

3.869

0.012

(d) Short-term provisions

6.711

13.328

0.000

Total Current Liabilities (4)

113.781

81.397

0.012

 

 

 

 

TOTAL

193.202

140.114

0.112

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

83.229

74.367

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

46.645

2.545

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

0.274

0.093

0.025

Total Non-Current Assets

130.148

77.005

0.025

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

37.955

0.953

0.000

(b) Inventories

9.832

5.618

0.000

(c) Trade receivables

3.940

1.979

0.000

(d) Cash and cash equivalents

1.634

43.844

0.087

(e) Short-term loans and advances

7.060

10.188

0.000

(f) Other current assets

2.618

0.507

0.000

(g) Miscellaneous Expenses to the extent not written off

0.015

0.020

0.087

Total Current Assets

63.054

63.109

0.087

 

 

 

 

TOTAL

193.202

140.114

0.112

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

 

SALES

 

 

 

 

Income

 

232.321

 

Other Income

 

 

0.965

 

TOTAL

 

166.200

233.286

 

 

 

 

 

Less

TOTAL EXPENSES

 

 N.A

 N.A

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

 

 N.A

 N.A

 

 

 

 

 

Less

TAX

 

 N.A

 N.A

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

 

1.001

14.342

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

 

100.1

1434.2

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

 N.A

 N.A

 N.A

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 / Total Income)

(%)

0.60

6.15

N.A

 

 
 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

8.13

3.07

0.00

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

0.55

0.78

7.25

 

 

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

0.100

0.100

0.100

Reserves & Surplus

0.000

14.343

15.344

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.000

0.000

0.000

Net worth

0.100

14.443

15.444

 

 

 

 

long-term borrowings

0.000

44.274

63.977

Short term borrowings

0.000

0.000

61.557

Total borrowings

0.000

44.274

125.534

Debt/Equity ratio

0.000

3.065

8.128

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

Total Income

233.286

166.200

 

-28.757

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

Total Income

233.286

166.200

Profit

14.342

1.001

 

6.15%

0.60%

 

 

 

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

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

Yes

26

Turnover of firm for last two years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last two years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

Yes

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

 

 

UNSECURED LOAN

(Rs. In Million)

Particulars

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

From Director

 

 

Rajiv Chadha

20.263

9.185

Meenu Chadha

6.117

5.959

Karanveer Chadha

0.554

0.318

Anchal Chadha

2.740

1.850

 

 

 

From Other

 

 

Abchal Roadways

2.260

2.039

K.K. Bulkmovers

0.000

0.650

Megharaj Anand (HUF)

0.244

0.221

Arun Anand

0.459

0.416

Arun Kumar Anand  (JUF)

0.370

0.334

Ravindra Kumar Anand (HUF)

0.366

0.332

Sanjay Anand

0.179

0.166

Sanjay Kumar Ananad (HUF)

0.247

0.224

Nirmala Chadha

7.283

5.223

 

 

 

Total

41.083

26.918

 

 

INDEX OF CHARGES:

 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10467782

30/12/2014 *

92,500,000.00

ALLAHABAD BANK

CIVIL LINES BRANCH, CIVIL LINES, JABALPUR, MADHYA PRADESH -482001, INDIA

C41427931

2

10455834

28/09/2013

3,993,000.00

TATA CAPITAL FINANCIAL SERVICES LIMITED

ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI- 400001, 
MAHARASHTRA, INDIA

B87735866

3

10455832

27/09/2013

2,600,000.00

TATA CAPITAL FINANCIAL SERVICES LIMITED

ONE FORBES, DR. V. B. GANDHI MARG, FORT, MUMBAI- 400001, 
MAHARASHTRA, INDIA

B87735395

4

10455831

31/08/2013

7,500,000.00

TATA CAPITAL FINANCIAL SERVICES LIMITED

ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI- 400001, 
MAHARASHTRA, INDIA

 

 

FIXED ASSETS

  • Air Conditioner
  • Fans
  • Cycle
  • Computer
  • Electric Equipment
  • Invertor
  • Furniture and Fixture
  • Fax Machine
  • Television
  • Camera
  •  Battery Charger
  •  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 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.66.43

UK Pound

1

Rs.102.40

Euro

1

Rs.75.04

 

 

INFORMATION DETAILS

 

Information Gathered by :

SUP

 

 

Analysis Done by :

RAS

 

 

Report Prepared by :

RKI

 

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

2

--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

 

26

 

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.