MIRA
INFORM REPORT
|
Report Date : |
02.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
MOHINI ORGANICS PRIVATE
LIMITED |
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Registered Office : |
210 Mahavir
Industrial Estate, Kachpada, Ramchandra Lane Extention, Malad [West], Mumbai
– 400064, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
01.11.1990 |
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Com. Reg. No.: |
11-58779 |
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CIN No.: [Company
Identification No.] |
U51900MH1990PTC058779 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMM22895F |
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PAN No.: [Permanent
Account No.] |
AAACM3174G |
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Legal Form : |
Private Limited
Liability Company. |
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Line of Business : |
Manufacturers of
Fatty Acid Esters and other Surfactants |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 |
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Maximum Credit Limit : |
USD 140000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well
established company having satisfactory track. Financial position is good. Payments
are correct and as per commitments. Trade relations are fair. Payments are
correct and as per commitments. The company can
be considered good for any normal business dealings at usual trade terms and
conditions. It can be
regarded as a promising business partner in a medium to long run. |
INFORMATION PARTED
BY
|
Name : |
Mr. Sunil Kanoi |
|
Designation : |
Director |
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Date : |
20.05.2008 |
LOCATIONS
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Registered Office : |
210 Mahavir Industrial
Estate, Kachpada, Ramchandra Lane Extention, Malad [West], Mumbai – 400064,
Maharashtra, India |
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Tel. No.: |
91-22-28831043 |
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Fax No.: |
91-22-28831035 |
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E-Mail : |
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Website : |
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Area : |
1000 sq. ft. |
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Location : |
Owned |
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Factory 1 : |
T – 91, MIDC,
Tarapur Industrial Area, Boisar – 401506, Maharashtra, India |
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Location : |
Owned |
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Factory 2 : |
T – 78 & 79,
MIDC, Tarapur Industrial Area, Boisar – 401506, Maharashtra, India |
DIRECTORS
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Name : |
Mr. Anil M. Kanoi
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|
Designation : |
Director |
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Address : |
M-7/9, Bhanumati Society,
Bangur Nagar, Goregaon [West], Mumbai – 400090 |
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Date of Birth/Age : |
13.04.1966 |
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Qualification : |
B. Sc. |
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Experience : |
20 Years |
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Date of Appointment : |
22.11.1991 |
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Name : |
Mr. Sunil Mahavir
Kanoi |
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Designation : |
Director |
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Address : |
M-7/9, Bhanumati
Society, Bangur Nagar, Goregaon [West], Mumbai – 400090 |
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Date of Birth/Age : |
30.04.1972 |
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Qualification : |
B. Com. |
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Experience : |
15 Years |
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Date of Appointment : |
01.09.1998 |
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Name : |
Mrs. Kanta Kanoi |
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Designation : |
Director |
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Address : |
M-7/13, Bhanumati
Society, Bangur Nagar, Goregaon [West], Mumbai – 400090 |
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Date of Birth/Age : |
15.08.1949 |
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Qualification : |
B. Com. |
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Experience : |
15 Years |
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Date of Appointment : |
20.11.1991 |
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Name : |
Mr. Madanmohan
Manglunia |
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Designation : |
Director |
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Address : |
601, Blue Bell,
Vasant Valley Complex, Malad [East], Mumbai – 400097 |
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Date of Birth/Age : |
02.03.1959 |
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Qualification : |
B. Com. |
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Experience : |
25 Years |
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Date of Appointment : |
16.01.1998 |
KEY EXECUTIVES
|
Name : |
Mr. S. R. Sharma
and Company |
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Designation : |
Company Secretary
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MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
AS ON 30.09.2005
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Anil M. Kanoi
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|
500 |
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Mr. Pradeep Kumar
Manglunia |
|
500 |
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Smt. Kanta M.
Kanoi |
|
3500 |
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Mr. Mahavir Kanoi
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|
3000 |
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Mr. Kapil M.
Kanoi |
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1500 |
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Mr. Sunil M.
Kanoi |
|
1000 |
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Mr. Madan Mohan
Manglunia |
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230 |
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Ms. Aparna S.
Manglunia |
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3000 |
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Ms. Ashmi S.
Manglunia |
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2100 |
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Mr. Vinay Manglunia |
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6650 |
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Mr. M. M. Manglunia |
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10 |
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Ms. Rajlaxmi
Manglunia |
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10 |
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Ms. Vinita G
Manglunia |
|
500 |
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Mrs. Madhu Anil
Kanoi |
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1250 |
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Mrs. Shilpa Sunil
Kanoi |
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1250 |
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Master Udit Kanoi
[Minor] |
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1000 |
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Master Vidit
Kanoi [Minor] |
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1000 |
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Ms. Yukti Kanoi
[Minor] |
|
500 |
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Master Rishabh
Manglunia [Minor] |
|
1500 |
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Ms. Ruchi Manglunia
[Minor] |
|
1000 |
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Total |
|
30000 |
AS ON 30.09.2007
Equity share breakup [percentage of total equity]
|
Category |
|
Percentage |
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Directors or
relatives of directors |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturers of
Fatty Acid Esters and other Surfactants |
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Products : |
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Exports : |
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Countries : |
Africa and Gulf
Countries |
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Imports : |
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Countries : |
Asia and Malaysia |
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Terms : |
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Selling : |
L/C and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Sorbitan and Glycerol Esters |
M.T. |
-- |
3000 |
2000 |
|
Chemicals |
M.T. |
-- |
2340 |
-- |
|
Fatty Acid Esters and other Surfactants |
M.T. |
-- |
-- |
1697471 |
GENERAL
INFORMATION
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Customers : |
End Users |
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No. of Employees : |
100 |
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Bankers : |
Canara Bank, Kakad
Market Branch, Kalbadevi, P. O. Box No. 2615, Mumbai – 400002 |
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Facilities : |
C/C and Hypothecation |
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Banking
Relations : |
Good |
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Auditors : |
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Name : |
Mandhania and
Associates Chartered
Accountants |
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Address : |
6-A, PIL Court, 6th
Floor, 111, M K Road, Churchgate, Mumbai – 400020, Maharashtra, India |
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Tel. No.: |
91-22-22090365 |
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Associates/Subsidiaries : |
Mohini Oracles Private Limited
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CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
45000 |
Equity Shares |
Rs. 100/- each |
Rs. 4.500 millions |
|
5000 |
12 % Redeemable
Non-cumulative preference Shares |
Rs. 100/- each |
Rs. 0.500 millions |
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Total |
|
Rs. 5.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
30000 |
Equity Shares |
Rs. 100/- each |
Rs. 3.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
3.000 |
3.000 |
3.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
24.128 |
18.879 |
13.127 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
27.128 |
21.879 |
16.127 |
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LOAN FUNDS |
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|
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1] Secured Loans |
14.655 |
15.488 |
15.226 |
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2] Unsecured Loans |
15.516 |
16.012 |
16.559 |
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TOTAL BORROWING |
30.171 |
31.500 |
31.785 |
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DEFERRED TAX LIABILITIES |
4.254 |
4.219 |
4.385 |
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TOTAL |
61.553 |
57.598 |
52.297 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
30.784 |
30.208 |
28.296 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.151 |
0.051 |
0.015 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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|
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Inventories |
18.414
|
14.977
|
14.418 |
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Sundry Debtors |
28.725
|
33.233
|
25.150 |
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Cash & Bank Balances |
2.389
|
2.231
|
1.087 |
|
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Other Current Assets |
0.000
|
0.000
|
0.000 |
|
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Loans & Advances |
4.230
|
3.351
|
3.078 |
|
Total Current Assets |
53.758
|
53.792
|
43.733 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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|
|
|
|
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Current Liabilities |
23.140
|
26.453
|
19.747 |
|
|
Provisions |
0.000
|
0.000
|
0.000 |
|
Total Current Liabilities |
23.140
|
26.453
|
19.747 |
|
|
Net Current Assets |
30.618
|
27.339
|
23.986 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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|
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|
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TOTAL |
61.553 |
57.598 |
52.297 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
Sales Turnover |
139.586 |
126.947 |
112.279 |
|
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Other Income |
0.646 |
0.855 |
|
|
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Total Income |
140.232 |
127.802 |
112.279 |
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|
|
|
|
|
|
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Profit/(Loss) Before Tax |
8.535 |
8.280 |
7.276 |
|
|
Provision for Taxation |
3.286 |
2.528 |
3.060 |
|
|
Profit/(Loss) After Tax |
5.249 |
5.752 |
4.216 |
|
|
|
|
|
|
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Export Value |
30.957 |
32.253 |
10.271 |
|
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Import Value |
NA |
NA |
14.958 |
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Expenditures : |
|
|
|
|
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Raw Material Consumed |
83.721 |
74.210 |
|
|
|
Consumption of stores and spares parts |
6.453 |
6.444 |
|
|
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Manufacturing Expenses |
14.279 |
11.979 |
|
|
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Administrative Expenses |
12.630 |
9.855 |
105.003 |
|
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Selling and Distribution Expenses |
11.657 |
11.987 |
|
|
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Interest |
1.335 |
1.527 |
|
|
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Depreciation |
2.416 |
2.224 |
|
|
|
Increase/(Decrease) in Finished Goods |
[0.794] |
1.296 |
|
|
Total Expenditure |
131.697 |
119.522 |
105.003 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
3.74
|
4.50 |
3.75 |
|
|
|
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|
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|
Net Profit Margin (PBT/Sales) |
(%) |
6.11
|
6.52 |
6.48 |
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|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.10
|
9.86 |
10.10 |
|
|
|
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|
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.31
|
0.38 |
0.45 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.97
|
2.65 |
3.20 |
|
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|
|
|
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|
Current Ratio (Current Asset/Current Liability) |
|
2.32
|
2.03 |
2.21 |
LOCAL AGENCY
FURTHER INFORMATION
Trade Reference
- Jhanson and
Jhanson
- INDI Pharma Private Limited
Fixed
Assets
Ø
Leasehold Land
Ø
Factory
Building
Ø
Plant and
Machinery
Ø
Furniture and
Fixture
Ø
Motor Car
Ø
Residential
Flat
Ø
Office
Equipments
Bankers Charges
Report as per Registry
|
Name of the company |
MOHINI ORGANICS PRIVATE LIMITED |
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Presented By |
Canara Bank,
Kakad Market Branch,Kalbadevi, P. O. Box No. 2615, Mumbai - 400002 |
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1) Date and description of instrument creating the change |
Common Hypothecation Agreement dated 18th November, 1999 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 6.043 Millions |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Hypothecation of all the goods and commodities purchased, Acquired, Received under the said credit facility particulars whereof will be furnished from time to time viz. specially chemicals such as sorbiral fatty acids etc in the form of Raw Material Work in Progress and finished goods etc stored at company / factory / godown or at any premises belonging to company and all book dents receivables etc. both present and future. Hypothecation of all plant and machineries, equipment, accessories purchased or to be purchased from time to time particulars whereof mentioned in hypothecation agreement schedule 2, Valued at Rs. 3.685 millions at present. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
The above property held as security to security to secure various credit facilities granted by Bank given as under limits covered
Term loan will be repaid in 38 instalments of Rs. 1200 each starting from 18/12/99 till 18/11/2002 |
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5) Name and Address and description of the person entitled to the charge. |
Canara Bank,
Kakad Market Branch, Kalbadevi, P. O. Box No. 2615, Mumbai - 400002 |
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6) Date and brief description of instrument modifying the charge |
Supplemental common Hypothecation Agreement dated 10.01.2005 |
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7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
By supplemental common hypothecation agreement dated 10.01.2005. Hypothecation of goods and plant and machineries installed and to be installed in the Factory at Plot No. T 78, T 79 and T 91 at MIDC Industrial area, Tarapur. Letter of credit facilities increased from Rs. 6.5 millions to Rs. 7.7 millions therefore total limits has now increased from Rs. 28.344 millions to Rs. 29.544 millions detailed as under
Earlier charge was modified on 12.10.2000, 20.12.2000, 27.02.2002, 30.04.2003, 16.08.2003, 17.10.2003 and 15.10.2004. Rest of the terms and conditions remain unchanged. |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified
|
90152570 |
|
Corporate identity
number of the company |
U51900MH1990PTC058779 |
|
Name of the
company |
MOHINI ORGANICS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
210 Mahavir Industrial
Estate, Kachpada, Ramchandra Lane Extention, Malad [West], Mumbai – 400064,
Maharashtra |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Canara Bank,
Kakad Market Branch, Kalbadevi, P. O. Box No. 2615, Mumbai – 400002 |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental
Equitable Mortgage Agreement |
|
Date of
instrument Creating the charge |
15.02.2007 |
|
Amount secured by
the charge |
Rs. 44.844
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest
Terms of
Repayment OCC / ODBD / PC /
FDB / FBE / LBD / CDB / LC / Standby Credit / CCMS Credit : On Demand /
Annual Review / periodical Review. Term Loan :
Repayable in 20 quarterly installments each of Rs. 0.367 Million after 6
months moratorium form first disbursement. Repayment commenced from
08.02.2003 Margin
Extent and
Operation of the charge Exclusive First
Equitable Mortgage Charge Others The aggregate
amount of credit facilities covered under the charge document is Rs. 44.844
Millions |
|
Short particulars
of the property charged |
Plot No. T 78
[510 sq. mts], No T 91 [600 sq. mts.], situated in Pamtembhi village, Palghar
Taluka, District thane, S. No. 150 [part], in Saravali Village, Palghar
Taluka, District Thane Flat No. 5 [550
sq. ft.], Flat No. 6 [550 sq. ft.], Flat No. 21 [550 sq. ft.], Flat No. 23
[550 sq. ft.] all situated in building No. SDV 1 known as “Saidham” |
|
Particulars of
the present modification |
The existing
credit limits of Rs. 22.953 Millions have been enhanced / modified to Rs.
44.844 Millions |
AS PER WEBSITE DETAILS
Mohini Organics commenced
operations of manufacturing the Specialty Chemical Products in 1992, with the
background of Chemical Trading which was initiated by Mr.
Mahavir Kanoi in 1976 by starting the trading activity in the name and style of Shree
Marketing Enterprises for single product Guar Gum, Agro based very effective
product for gelling applications and further used in many more applications and
later added the products like Sorbitan Oleate, Perchloric acid etc. The
aggression in the trading activity led to serve the local as well as export
market for the product Guar Gum.
During 1992,
company got the opportunity to supply the product Sorbitan Mono Oleate for the
Explosive Applications as an Emulsifier for the Bulk Explosives as well as
Packaged Explosives. The product has been developed and the Plant has been
planned to install at MIDC, Tarapur Industrial Area, which is about 100 Kms
from Mumbai on Mumbai Ahmedabad Highway. The testing facility for the finish
products as well as raw materials has been installed at the plant itself.
With the initial
planned capacity for one single product Sorbitan Mono Oleate of 10 MT/month and
only motto to serve the Explosive Industry commenced the production in June
1992. The emphasis on quality and the continuous developments of the range of
product today they have two plants operating at Tarapur MIDC and having the
total plant capacity to produce 2400 MT’s/annum of all the listed surfactants.
All products manufactured in these plants are strictly made from the Vegetable
Based raw materials only and no Animal origin products are used.
The support from
the clients was tremendous and this has led to develop the products for the
various applications and today they serve the industry for the application in
Explosives, Cosmetics, Textile Auxiliaries manufacturers, Ethoxylators, Leather
Chemical Manufacturers, Food Additives, Oil Drilling Chemicals, Spray Oil
Emulsifiers, Lubricant manufacturers etc.
The satisfaction of
the clients at the local Indian market has given the confidence and began
serving the export market with acceptance of quality in areas of South Africa,
U.S., Iran, Gulf Countries etc.
The raw materials has been also of the equal importance and have concentrated
on this area to get the consistent quality from the major sources, have also
benefited economically as well as in terms of maintaining the consistent
quality of the finished products.
The success is not
all that completed and still having the similar thirst of development and
planning to develop the Specialty esters, Emulsifiers and products that are of
importance to the local industry, so it reduces the incoming imports of these
range of products and also concentrating an competing with products world wide.
The development of
the customer specific requirements is the major interest and they welcome such
developments, which satisfies the customer and gets the opportunity to
introduce their final products and finally satisfies us after serving such
requirements.
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 records 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.42.59 |
|
UK Pound |
1 |
Rs.84.16 |
|
Euro |
1 |
Rs.65.99 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
63 |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|