MIRA
INFORM REPORT
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Report Date : |
08.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
OSAW AGRO INDUSTRIES PRIVATE LIMITED |
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Registered Office : |
P.O. Bag Np/ 5, Oswan Complex, Jagadhri Road, Ambala Cantt-133011,
Haryana, Punjab |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
22.03.2002 |
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Com. Reg. No.: |
05-34843 |
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CIN No.: [Company
Identification No.] |
U29211HR2002PTC034843 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
RKTO00420A |
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Legal Form : |
Private Limited Liabilities of the Company |
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Line of Business : |
Manufacturer of Specialized machines and Equipments related to
cleaning, grading, handling of seeds. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD100000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed company having satisfactory
track. Trade relations are fair. Business is active. Payments are reported as
usually correct and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Ravi Naresh |
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Designation : |
Finance Manager |
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Contact No.: |
91-9416020330 |
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Date : |
05.09.2009 |
LOCATIONS
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Registered Office/ Factory : |
P.O. Bag Np/ 5, Oswan Complex, Jagadhri Road, Ambala Cantt-133011,
Haryana, Punjab, India |
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Tel. No.: |
91-171-2699547/ 2699167/ 2699354 |
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Mobile No.: |
91-9416020330 |
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Fax No.: |
91-171-2699018 |
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E-Mail : |
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Website : |
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Area : |
2 Acres ( Owned) (including Factory) |
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Branches : |
Located At:- Dikajhi, Delhi |
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Area : |
600 sq ft ( Owned) |
DIRECTORS
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Name : |
Mr. Sanjeev Sagar |
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Designation : |
Managing Director |
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Address : |
4257, Kali Bari, Ambala Cantonment – 133001, Haryana, India |
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Date of Birth/Age : |
24.02.1961 |
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Qualification : |
B.SC |
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Date of Appointment : |
22.03.2002 |
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Name : |
Mrs. Lakshmi Sagar |
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Designation : |
Chairman |
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Address : |
House No. 4257, Kali Bari, Ambala Cantonment – 133001, Haryana, India |
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Date of Birth/Age : |
15.08.1924 |
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Qualification : |
M.SC |
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Date of Appointment : |
22.03.2002 |
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Name : |
Mrs. Seema Sagar |
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Designation : |
Director |
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Address : |
4257, Kali Bari, Ambala Cantonment – 133001, Haryana, India |
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Date of Birth/Age : |
11.11.1960 |
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Qualification : |
M.A |
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Date of Appointment : |
15.04.2003 |
KEY EXECUTIVES
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Name : |
J P Jagdev and Company |
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Designation : |
Company Secretary |
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Tel No. : |
91-171-2520660 |
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Mobile No. : |
91-9416020660 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 30.09.2004
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Names of Shareholders |
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No. of Shares |
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Sanjeev Sagar |
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629582 |
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Lakshmi Sagar |
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275418 |
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Seema Sagar |
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95000 |
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Total |
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1000000 |
Equity Share Breakup (Percentage of Total Equity)
As on 30.09.2007
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Category |
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Percentage |
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Directors or relatives of directors |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Specialized machines and Equipments related to
cleaning, grading, handling of seeds. |
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Exports : |
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Countries : |
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Imports : |
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Countries : |
Finland |
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Terms : |
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Selling : |
Cash and Credit ( 30 Days) |
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Purchasing : |
Cash and Credit ( 30 Days) |
GENERAL
INFORMATION
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Customers : |
Retailers and End Users |
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No. of Employees : |
354 ( Office 350, Factory 4) |
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Bankers : |
Punjab National Bank, SME Branch, Sadar Bazar, Nicholson Road, Ambala Cantt
– 133001, Haryana, India |
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Facilities : |
CC Rs. 50.000 Millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Arun K Batra and Company Chartered Accountant |
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Address : |
Shop No. 33-34-35, Scheme 19, Vikas Vihar, Ambala City 134003 |
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Tel. No.: |
91-171-2550977 |
CAPITAL STRUCTURE
As on 29.09.2007
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1500000 |
Equity Shares |
Rs. 10/- each |
Rs. 15.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs. 10/-
each |
Rs. 10.000
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 |
10.000 |
8.409 |
8.409 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
10.240 |
5.039 |
3.533 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
20.240 |
13.448 |
11.942 |
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LOAN FUNDS |
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1] Secured Loans |
44.962 |
33.597 |
31.373 |
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2] Unsecured Loans |
4.409 |
6.725 |
5.277 |
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TOTAL BORROWING |
49.371 |
40.322 |
36.650 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
69.611 |
53.770 |
48.592 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
9.893 |
9.698 |
10.213 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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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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Inventories |
18.202
|
25.626 |
27.354 |
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Sundry Debtors |
49.930
|
30.417 |
19.336 |
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Cash & Bank Balances |
2.632
|
0.765 |
0.456 |
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Other Current Assets |
7.295
|
2.249 |
2.617 |
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Loans & Advances |
2.409
|
4.131 |
2.771 |
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Total
Current Assets |
80.468
|
63.188 |
52.534 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
18.324
|
16.101 |
11.328 |
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Provisions |
2.426
|
3.050 |
2.897 |
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Total
Current Liabilities |
20.750
|
19.151 |
14.225 |
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Net Current Assets |
59.718
|
44.037 |
38.309 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.035 |
0.070 |
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TOTAL |
69.611 |
53.770 |
48.592 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
Sales Turnover |
261.323 |
161.740 |
138.729 |
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Other Income |
0.468 |
0.231 |
0.000 |
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Total Income |
261.791 |
161.971 |
138.729 |
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Profit/(Loss) Before Tax |
7.851 |
2.106 |
2.003 |
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Provision for Taxation |
2.650 |
0.600 |
0.600 |
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Profit/(Loss) After Tax |
5.201 |
1.506 |
1.403 |
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Total Expenditure |
253.940 |
159.865 |
136.726 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
1.99
|
0.93 |
1.01 |
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Net Profit Margin (PBT/Sales) |
(%) |
3.00
|
1.30 |
1.44 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
8.69
|
2.89 |
3.19 |
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Return on Investment (ROI) (PBT/Networth) |
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0.39
|
0.16 |
0.17 |
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Debt Equity Ratio (Total Liability/Networth) |
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3.46
|
4.42 |
4.26 |
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Current Ratio (Current Asset/Current Liability) |
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3.87
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3.29 |
3.69 |
LOCAL AGENCY
FURTHER INFORMATION
Trade References:
- Reliance
- MDH
- Aditya Birla
Bankers Charges
Report as per Registry
|
This form is for |
Modification of
charge |
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Charge
identification number of the modified
|
10047401 |
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Corporate
identity number of the company |
U29211HR2002PTC034843 |
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Name of the
company |
OSAW AGRO INDUSTRIES PRIVATE LIMITED |
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Address of the registered
office or of the principal place of
business in India of the company |
P.O. Bag Np/ 5, Oswan Complex, Jagadhri Road, Ambala Cantt-133011,
Haryana, Punjab, India |
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Type of charge |
Book Debts Movable Property Floating Charge Immovable
Property Others |
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Particular of
charge holder |
Punjab National Bank, SME Branch, Sadar Bazar, Nicholson Road, Ambala
Cantt – 133001, Haryana, India |
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Nature of
description of the instrument creating or modifying the charge |
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Date of
instrument Creating the charge |
20.06.2008 |
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Amount secured by
the charge |
Td. 50.000
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 13% per annum Terms of
Repayment Repayment on
Demand Margin CC (
Hypothecation of Stocks) 25% CC- Book Debts –
40% Extent and
Operation of the charge 100% Others [CC ( Hypothecation)
Rs. 34.500 Millions] + [ CC (B/D) – Rs. 15.500 Millions] = Rs. 50.000
Millions. Packing Credit maximum Rs. 34.500 Millions and FOPBP/ FOUBP/FABC
[Within CC (H)]- Rs. 5.000 Millions All Funds based cash credit facilities
not to exceed Rs. 50.000 Millions |
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Short particulars
of the property charged |
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Date of latest
modification prior to the present modification |
17.12.2007 |
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Particulars of
the present modification |
Overall Fund
based Cash Credit Facilities enhanced from Rs. 37.500 Millions to Rs. 50.000
Millions Enhanced Cash Credit Facilities includes following:
|
AS PER WEBSITE:
Corporate Profile
Founded in 1984, Subject is situated in Ambala Cantt, Haryana
State, which is renowned as the agriculture hub in INDIA.
Subject the Largest
Manufacturer of specialized Machines and equipment in the Asia
& Pacific Region, is Technologically amongst the Finest in the world
for Process Equipment related to cleaning, grading, processing, handling and
storage of seeds, grains, spices,
pulses and oil seeds.
An ISO 9001 : 2000/ ISO 14001:2004 / OHSAS 18001:1999/ IS
18001:2000/ SA 8000:2001/ CE certified
company, they believe in Establishing and Maintaining the Highest
Standards of Quality and Efficiencies in Execution of Projects.
- The Company exports its Product Range to most of
the developed countries in the world and, currently, over 4000 plants are
operating only in INDIA.
- Customisation of Plants Machines for Various uses has
been their Forte’. The Company has designed and assisted in the
Installation of plants located through out the world.
- The Work Ethics of the Organization is highly professional. The
Company is managed by qualified Engineers, Scientists and Technicians who
are engaged in designing, production and Quality Control of world class
equipment.
- They at "Agrosaw “are also engaged in providing high quality
machinery for sorting, cleaning, washing, grading, drying, waxing and
packaging of fruit and vegetables.
- They look forward to the continued support in assisting them
provide you exemplary Service in the efforts to deliver to the Consumer
and the Nation, outstanding Produce.
The company is principally engaged in the manufacturing of high
quality seed conditioning machinery for its wide range of applications for
wheat, barley, paddy, gram, maize, pulses, forestry seeds, vegetable seeds,
grass seeds, flower seeds, spices etc.
The Company manufactures seed processing equipment; seed pre-cleaners/grain
cleaners; seed graders; indented cylinder seed graders; seed treaters; specific
gravity separators; destoners; groundnut pod cleaners; seed dryers;
dehumidifiers; belt conveyors; bucket elevators; buffer bins; bag stackers;
weiger & baggers; pouch packing machines; bag stiching machines; mobile
seed processing plants, and ‘ You name it ‘ in Agri Equipment.!
The Unique Differences :
The Strength of AGROSAW lies in the interactive co-operation and
team work of different Department in the Company. Every Division and Subsidiary
works at the same high standard, totally committed to provide outstanding
levels of service to the clients.
The Reputation for the High Standards of Integrity and Work Ethics set by the
Team, has earned them the Respect and Trust of Partners around the world.
They believe in Establishing and Maintaining the Highest Standards of Quality
and Efficiencies in Execution of the Projects.
The production department is committed to develop product
technologies to help them produce competitive products of high quality. They
have strengthened the Core Competences to produce low-technology components to
provide Economical Solution.
The
Vision:
To be No.1 in the
Field of Seed cleaning worldwide,
and be known as a Service Provider who deals in the Highest Quality of
State-Of-The-Art Customised and Turnkey solutions.
Thus, Through Exceptional Service and
Added Value, build AGROSAW to be the most dependable business 'partner' in the Asia Pacific Region.
The Mission:
- To assist the client in Simplifying Work Processes and ensuring
better quality Yields and Results.
- To provide Customised solutions.
- To create an enviorment which will attract and retain a commited
team of talented professionals who will place AGROSAW at the forefront in the markets of Operation.
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Agrosaw Objectives :
- To evolve a Strategy for propelling Indian Agriculture on a high
Growth Trajectory.
- To create Knowledge Farmers in the Country by bringing Technology
to their doorstep.
- To promote opportunities for development, knowledge creation and
Market access amongst all the Players in the Agriculture Sector.
- Create Value-added markets for the Farmer’s Produce .
- Create a Global vision of Indian Agriculture.
- Create and develop and train a Knowledge based Agricultural work
force in the Country.
- In moving towards these Objectives, Subject shall be :
- A Globally Benchmarked Solution Provider.
- A Preferred Partner, through creation of High Value for
Customers.
About Management
Businesses are driven by Leaders. These leaders come with
certain Qualities which which they bring with them as part of their
Heritage, termed as Values. Further, they acquire certain Qualities thru’
training, experience and education, termed as Knowledge and Skills.
A combination of these two qualities produce Good Leadership, and this
Drives an Organisation.
The Work Ethics of the Organization is highly professional.
The Company is managed by qualified Engineers, Scientists and Technicians who
are engaged in designing, production and Quality Control of world class
equipment.
Agrosaw’s confirmed belief in this Principle, forms the basis of the Company’s
recruitment Policy.
The second Principle, the company firmly believes the need to be able to retain
Good Talent. ‘It is easy to recruit Good People, very difficult to retain
them.’
The Company’s present Team of Senior Management is thus a blend of these two
Qualities:
Community Initiative:
AGROSAW cooperates with the world's leading institutes
and always remain committed to be a good corporate citizen they actively
endeavor to develop quality of life of communities in the vicinity.
At the root of every social initiative by Osaw Agro Industries Private
Limited is a firm belief that no one can grow in isolation. Industrial
protheyss of the Company acts as a catalyst in the growth of State economy
resulting in better earning for its people.
Osaw Agro Industries has become a source of employment not only for
members based in nearby areas but across the country. Total employee strength
of the Company is approximately 400 and it provides indirect employment to
thousand of people. By setting up manufacturing plants in the State of Haryana,
the Company has successfully generated employment thus creating wealth
for the residents of these areas. The Company is certified “SA 8000 : 2001”
For its Commitment to ensure equitable and Transparent Business Practices:
- No Child Labour.
- Following ‘Good Management Practices’ like minimum Wages, no Gender
bias etc.
- These actions further drive Company values and enhance Company
Brand Equity.
- Supports better Supply Chain Management and Performance and
practices.
Key Policies
In Translating the Quality Policy into action they have
Developed a series of Control and Monitoring Systems which constantly evaluate
each step of the Process , throw up areas of Technological Deficiencies thus
Highlighting Areas for Improvement and Up –Gradation:
- Quality Control: The products undergo continuous quality
control inspection procedures to ensure conformity to the Standards
specified by the Quality Control Department regarding Quality, Function,
Quantity, and Workmenship.
- An ISO 9001 -2001: The Products are designed and manufactured
according to the Standards conforming to ISO 9001 : 2000.
- An ISO 14001 – 2004 : The Preservation of the Environment is
equally Important to them. They have, therefore implemented an ISO 14001
Certified Environmental Management System .
- Development of Green areas within the Premises.
- control consumption of oil, water, and electricity.
- Install Silent Gensets to minimize Noise Polution.
- The creation of awareness / commitment of employees for achieving
Environmental Objectives.
An ISO OHSAS 18001 – 1499 : The Safety
of the Employees is Extremely Important to them. They therefore follow all the
Principles listed in the Occupational Health And Safety Standards OSHAH
18001.
- This Standard Practice helps in forming a consistent and proven
Management Approach to Risk and Security for the Present and
the Future.
- Providing a Healthier and Safer work Environment for the employees.
- The machines are provided with Pulley Guards to minimize the risk
of Accidents.
- Proper Exit and Fire safety Systems are installed in the Factory
Premisis.
CE Certification in European Standards made for Operator
Safety. The Manufacturing Processes are Tested and Documented to
ensure conformity to all applicable European Directives and Requirements :
- Make customer Safer .
- A uniform procedure that can be checked.
- Enhance the Safety of the Products
Strategic Alliances and Tie Up
Strategic tie-ups and meaningful alliances have been providing impetus
to its growth. The alliances of business have resulted in providing more new
innovative machinery in product.
They have business alliances with Damas (Denmark) for providing
high capacity of grain and seed cleaning & Handling machines upto 300 TPH.
Please visit us http://www.damas.dk
High
Capacity Machinery
Pulco
-
- Uniseed
- Omega
- Vibam
- Sigma
- Hotyp
- Zeta
- Theta
- Kiban
- Combi
v
- Bucket
Elevator
- Belt
Conveyor
- Chain
Conveyor
Future Plan
The Company plans to retain its position as the no. 1 Co. in
this line of Business, in Asia and the Pacific Region. They plan to achieve
this by :
- Continuously striving towards enhancement and up-gradation of its
Technology in plant and machine manufacturing.
- Constantly up-grading its Quality Standards, in Manufacture and
Service levels.
- Developing Business in new Markets and Countries.
- Competing with World leaders in this Business to enter their
markets and obtain a small but significant part of the share.
- Agrosaw will, at all times, devote special attention to the
development of its Team of Management and Staff.– their growth within and
outside the Company, their training, their skills and finally, their
continuous and constant recognition of their on-going contribution
to the Company.
- Agrosaw works with the objective of providing world class cleaning
& grading machinery has made substantial investments to upgrade design
and development activities to international standards. To achieve this
objective, they are setting up a new manufacturing plant at SAHA in Ambala
District, Haryana.
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.44.26 |
|
UK Pound |
1 |
Rs.79.00 |
|
Euro |
1 |
Rs.63.53 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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 |
|