MIRA INFORM REPORT
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Report Date : |
05.01.2011 |
IDENTIFICATION DETAILS
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Name : |
ASHA COMMUNICATION |
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Registered
Office : |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
18.05.1996 |
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PAN No.: [Permanent Account No.] |
AAWPL3427A |
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Legal Form : |
Sole Proprietory Concern. |
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Line of Business
: |
Advertising Agency. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (45) |
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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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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established proprietory concern having satisfactory
track. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. However it would be advisable to take adequate securities while
dealing with the subject. |
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 – April 1, 2010
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. Dibyendu S. Lahiri |
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Designation : |
Key Executive |
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Contact No.: |
91-9830014201 |
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Date : |
04.01.2011 |
LOCATIONS
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Registered Office : |
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Tel. No.: |
91-33-65259040/ 22285341 |
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Mobile No.: |
91-9830014201 (Mr. Dibyendu S. Lahiri) |
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Fax No.: |
91-33-30604671 |
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E-Mail : |
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Website : |
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Area : |
575 sq. ft. |
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Location : |
Rented |
SOLE PROPRIETOR
|
Name : |
Mrs. Mahua Lahiri |
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Designation : |
Proprietor |
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Address : |
Kohinoor Apartment, 2nd Floor, 4 A/1, |
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Date of Birth/Age : |
08.05.1966 |
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Qualification : |
B. A. |
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Experience : |
17 years |
KEY EXECUTIVES
|
Name : |
Mr. Dibyendu S. Lahiri |
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Designation : |
Key Executive |
BUSINESS DETAILS
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Line of Business : |
Advertising Agency. |
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Terms : |
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Selling : |
Credit (60 days) |
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Purchasing : |
Cash |
GENERAL INFORMATION
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Customers : |
Educational Institute, Government, Limited and Private Limited Company
etc. |
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No. of Employees : |
12 |
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Bankers : |
· Oriental Bank of Commerce Ballaygunge Branch, 56-A, · Corporation Bank |
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Facilities : |
Credit Limits Rs.8.800 Millions + Rs.2.500 Millions Bank Guarantee from Oriental Bank of Commerce |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
K. M. Tibrewal and Company Chartered Accountant |
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Address : |
Room No.149, 4th Floor, 205 Rabindra Sarani, Kolkata –
700007, West |
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Tel No.: |
91-33-22718919 |
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Mobile No.: |
91-9830928700 |
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Email : |
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Associates/Subsidiaries : |
§
Asha Audio
Company Address: 5, Motisil Street, 1st Floor, Suite No.26, Kolkata
– 700013, West Bengal, Line of Business: Music Company. §
Creative Media Address: Line of Business: Creative
Agency. |
CAPITAL STRUCTURE
PROPRIETOR’S
CAPITAL ACCOUNT
(MRS. MAHUA
LAHIRI)
|
PARTICULARS |
31.03.2010 (RS. IN MILLIONS) |
|
|
|
|
Opening Balance |
2.351 |
|
Profit for the
year |
2.206 |
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|
|
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TOTAL |
4.557 |
------------------------------------------------------------------------------------------------------------------------------
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
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|
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|
1] Proprietors Capital A/c |
4.557 |
2.351 |
1.451 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
4.557 |
2.351 |
1.451 |
|
|
LOAN FUNDS |
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|
|
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1] Secured Loans |
9.807 |
3.858 |
5.766 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
9.807 |
3.858 |
5.766 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
14.364 |
6.209 |
7.217 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.840 |
0.229 |
0.213 |
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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 |
0.000
|
0.000 |
0.000 |
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Sundry Debtors |
11.557
|
9.863 |
14.211 |
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Cash & Bank Balances |
0.049
|
0.030 |
0.059 |
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Other Current Assets |
7.254
|
2.244 |
2.062 |
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Loans & Advances |
0.000
|
2.615 |
0.000 |
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Total
Current Assets |
18.860
|
14.752 |
16.332 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditor |
5.336
|
8.713 |
9.296 |
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Other Current Liabilities |
0.000
|
0.059 |
0.032 |
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Provisions |
0.000
|
0.000 |
0.000 |
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Total
Current Liabilities |
5.336
|
8.772 |
9.328 |
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Net Current Assets |
13.524
|
5.980 |
7.004 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
14.364 |
6.209 |
7.217 |
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PROFIT & LOSS
ACCOUNT
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|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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Income |
102.966 |
56.506 |
42.763 |
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Other Income |
0.453 |
0.182 |
0.307 |
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TOTAL |
103.419 |
56.688 |
43.070 |
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Less |
EXPENSES |
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Publication Purchases |
94.977 |
54.085 |
40.757 |
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Artwork Expenses |
0.593 |
0.038 |
0.054 |
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Salary and Bonus |
0.591 |
0.351 |
0.317 |
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Sales Promotion Expenses |
0.250 |
0.219 |
0.136 |
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Office Rent |
0.114 |
0.114 |
0.100 |
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Motor Car Expenses |
0.024 |
0.040 |
0.086 |
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Other Expenses |
4.460 |
0.816 |
0.800 |
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TOTAL |
101.009 |
55.663 |
42.250 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.410 |
1.025 |
0.820 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
0.203 |
0.067 |
0.071 |
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NET PROFIT |
2.207 |
0.958 |
0.749 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
2.13
|
1.69 |
1.74 |
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Net Profit Margin (PBT/Sales) |
(%) |
2.14
|
1.70 |
1.75 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
11.20
|
6.39 |
4.53 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.48
|
0.41 |
0.52 |
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Debt Equity Ratio (Total Liability/Networth) |
|
3.32
|
5.37 |
10.40 |
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Current Ratio (Current Asset/Current Liability) |
|
3.53
|
1.68 |
1.75 |
LOCAL AGENCY FURTHER INFORMATION
STATEMENT OF ASSETS AND LIABILITIES
NAME
OF THE APPLICANT: MRS. MAHUA LAHIRI
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE
PROPERTY
|
Address of the Property with survey No./ Door No. etc. |
1] 4 A/1, 2] 19/C, |
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Description: Land/ Site/ Building |
Building |
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Whether Freehold/ Leasehold |
Freehold |
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Type of Property |
Residential |
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Extent of Land |
2540 sq. ft.
(1960 + 780) sq. ft. |
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Present Market/
Assessed value |
1] Rs.8.336 Millions + 2] Rs.2.964 Millions = Rs.11.300 Millions |
INVESTMENT
IN BUSINESS CAPITAL
|
Name of the Companies/ Firm Concern in which investment is made |
Asha
Communication |
|
|
|
|
Present Value of
Investments |
Rs.4.557 Millions |
DEPOSITS
HELD BANKS/ COMPANIES/ OTHER LENDER ETC.
|
Name of the Bank, Company where deposits are held |
Oriental Bank of
Commerce |
|
|
|
|
Nature of Deposits |
Fixed and
Recurring |
|
|
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Present Value of
Deposits |
Rs.2.153 Millions |
LIFE
INSURANCE POLICIES
|
Surrender Value |
Rs.0.443 Million |
OTHER
ASSETS
|
Cash in Hand |
Rs.0.005 Million |
|
|
|
|
Total |
Rs.0.005 Million |
|
TOTAL ASSETS |
RS.18.458 MILLIONS |
LIABILITIES
|
Name of the Bank/ Institution |
Oriental Bank of
commerce |
|
|
|
|
Nature/ Type of Loan |
Housing Loan |
|
|
|
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Date of Loan |
10.07.2006 |
|
|
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Amount of Loan Availed |
1.500 |
|
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Amount
Outstanding |
1.015 |
|
NET WORTH |
RS.17.443 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
|
Name of Registered Valuer |
Mr. Subrata Karak |
|
|
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|
Registration No. with Income Tax |
WB-Cat-1/18/CCIII |
|
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Date on which Valuation is made |
24.11.2010 |
|
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Name of owner(s) of property |
Mrs. Mahua Lahiri and Mr. Dibyendu Sekhar Lahiri. |
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Brief description of property: |
North: By 4A /4, Baishnabghata Bye-Lane. South: By 12’ wide common passage, now East: By Baishnabghata Bye-Lane. West: By portion of C S. Dag No. 169 of Bimal Mitra. |
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Location, Street, Ward No.: Flat / Plot No. |
Flat No. S 1, on Second Floor, South-East side with one car parking
space No. P 2 on Ground Floor at Premises No. 4 A/ 1, Baishnabghata Bye-Lane,
Khatian No. 168, Dag No. 169, J. L. No. 28, Mouza -- Baisnabghata, P. S. - Jadavpur, Borough No. X, Ward
No. 100 of KMC, Kolkata - 700047. |
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Is the property situated in residential / commercial / mixed area / industrial area |
Residential Area |
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Classification of Locality |
Middle Class. |
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|
Whether building is in accordance with plan approved by competent
authority? |
KMC Plan Sanction details not seen during inspection. |
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Proximity to civic amenities like school, hospital, market etc. |
Available nearby. |
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Area of land supported by documentary proof, |
3 K 6 Ch 40 sq. ft. more or less. |
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Dimensioned site plan |
Party to supply if required. |
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Is it freehold or Leasehold land? |
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Is the building owner occupied / tenanted / both? |
Owner occupied. |
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|
Market Value of
the Property |
Rs.8.336
Millions |
|
|
|
|
Realizable Value
of the Property |
Rs.7.502
Millions |
VALUATION REPORT
Re.: Flat No. S 1, on Second Floor, South-East side with One Car Parking
Space No. P 2 on Ground Floor at Premises No. 4 A/ 1, Baishnabghata Bye-Lane,
Khatian No. 168, Ag No. 169, J. L. No. 28, Mouza - Baisnabghata, P. S. -
Jadavpur, Borough No. X, Ward No. 100 of KMC, Kolkata — 700047.
Owner; Mrs. Mahua Lahiri and Mr. Dibyendu Sekhar Lahiri.
INTRODUCTION:
As requested by Oriental Bank of Commerce, Ballygunge Branch, I
inspected the premises on 24/11/2010 along with Mr. Salim Mallik (AGM) and Mr.
D. S. Lahiri. My report on valuation is given as under.
BRIEF DESCRIPTION
OF PROPERTY:
The property consists of one Flat No. S 1 on Second Floor, South-East
with a Car Parking Space No. P 2 on Ground Floor of a G+3 storeyed building of
RCC frame design with staircase etc. The super built-up area of the flat is
1,960 sq. ft. more or less. The property was purchased by the present owners as
per Deed No. I – 02127 dated 15/03/2007. The property is located on
Baishnabghata Bye-Lane near Gitanjali Metro Railway Station. The building is
about 2.5 years old as per local information.
SPECIFICATIONS:
The foundation is RCC footing etc. connected with RCC column, beam,
slab, staircase etc. Brick walls are finished with plaster, POP, paint etc. on
inside and plaster with treatment on outside. Flooring is of marble finish.
Staircase flooring is of mosaic finish. Doors are of wooden frame with shutter
etc. Windows are of aluminium frame with glass and grill etc. Electric wiring
is concealed type. Water supply is from KMC stored in reservoir and fitted with
electric pump to lift water to the tank on roof. There are kitchen, toilet etc.
in the flat. Sanitation is septic tank system. There are boundary wall, gate,
etc. for the premises.
CIVIC AND
COMMUNICATION FACILITIES:
Market, School, Hospital are available within a reasonable distance from
the property under reference. Major modes of conveyance are Bus, Metro Railway,
Auto, Taxi and Rickshaw services available nearby.
TAXES ETC.:
KMC Tax paid for 2007- 2008 for Rs.1,172/- as per receipt no. 01753
dated 19/06/2007.
PRESENT POSITION:
The property under reference is under the possession of the owners and
is being used as residence.
VALUATION:
Cost of Flat:
1,960 sq. ft. @ Rs. 4,100/- per sq.
Cost of Car
Parking Space: 1 No. @ Rs.3,00,000/- each = Rs.0.300 Million
|
Market Value of
the Property |
Rs.8.336
Millions |
|
|
|
|
Realizable Value
of the Property |
Rs.7.502
Millions |
|
|
|
|
Distress Sales
Value |
Rs.6.750
Millions |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
|
Name of Registered Valuer |
Mr. Subrata Karak |
|
|
|
|
Registration No. with Income Tax |
WB-Cat-1/18/CCIII |
|
|
|
|
Date on which Valuation is made |
24.11.2010 |
|
|
|
|
Name of owner(s) of property |
Mr. Dibyendu Sekhar Lahiri and Mrs. Mahua Lahiri |
|
|
|
|
Brief description of property: |
North: By 13/1 A, Baishnabghata Bye-Lane. South: By 19/C, Baishnabghata Bye-Lane. East: By vacant Land West: By Baishnabghata Bye-Lane. ( |
|
|
|
|
Location, Street, Ward No.: Flat / Plot No. |
Flat No. A1, on First Floor, |
|
|
|
|
Is the property situated in residential / commercial / mixed area / industrial area |
Residential Area |
|
|
|
|
Classification of Locality |
Middle Class. |
|
|
|
|
Whether building is in accordance with plan approved by competent
authority? |
KMC Plan Sanction details not seen during inspection. |
|
|
|
|
Proximity to civic amenities like school, hospital, market etc. |
Available nearby. |
|
|
|
|
Area of land supported by documentary proof, |
6 K more or less. |
|
|
|
|
Dimensioned site plan |
Party to supply if required. |
|
|
|
|
Is it freehold or Leasehold land? |
|
|
|
|
|
Is the building owner occupied / tenanted / both? |
Owner by relatives |
|
|
|
|
Market Value of
the Property |
Rs.2.964
Millions |
|
|
|
|
Realizable Value
of the Property |
Rs.2.660
Millions |
VALUATION REPORT
Re.: Flat No. A1, on First Floor,
Owner: Mr. Dibyendu Sekhar Lahiri and Mrs. Mahua Lahiri
INTRODUCTION:
As requested by Oriental Bank of Commerce, Ballygunge Branch, I
inspected the premises on 24/11/2010 along with Mr. Salim Mallik (AGM) and Mr.
D. S. Lahiri. My report on valuation is given as under.
BRIEF DESCRIPTION
OF PROPERTY:
The property consists of one Flat No. A1 on first Floor, North –east
side of a G + 4 storeyed building of RCC frame design with staircase etc. The
super built-up area of the flat is 780 sq. ft. more or less. The property was
purchased by the present owners as per Deed No. I – 7099 dated 23.08.1994. The
property is located on Baishnabghata Bye-Lane near Gitanjali Metro Railway
Station. The building is about seventeen years old as per local information.
SPECIFICATIONS:
The foundation is RCC footing etc. connected with RCC column, beam,
slab, staircase etc. Brick walls are finished with plaster, POP, paint etc. on
inside and plaster with treatment on outside. Flooring is of marble finish.
Staircase flooring is of mosaic finish. Doors are of wooden frame with shutter
etc. Windows are of aluminium frame with glass and grill etc. Electric wiring
is concealed type. Water supply is from KMC as well as deep-tube well, stored
in reservoir and fitted with electric pump to lift water to the tank on roof.
There are kitchen, toilet etc. in the flat. Sanitation is septic tank system.
There are boundary wall, gate, etc. for the premises.
CIVIC AND
COMMUNICATION FACILITIES:
Market, School, Hospital are available within a reasonable distance from
the property under reference. Major modes of conveyance are Bus, Metro Railway,
Auto, Taxi and Rickshaw services available nearby.
TAXES ETC.:
KMC Tax paid for details not seen during the inspection.
PRESENT POSITION:
The property under reference is occupied by the relatives of the owners
and is being used as residence.
VALUATION:
Cost of Flat: 780
sq. ft. @ Rs.3,800/- per sq.
|
Market Value of
the Property |
Rs.2.964
Millions |
|
|
|
|
Realizable Value
of the Property |
Rs.2.660
Millions |
|
|
|
|
Distress Sales
Value |
Rs.2.390
Millions |
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
§
BF – 32,
Mobile No.: 91-9831760444
Mr. Gautam Banerjee – General Manager
§ Majumder Institute of Education and Success
Saheb Para, Sonarpur, 1st Floor, Kolkata – 700150,
West
Mobile No.: 91-9830006293
Mr. Jayanta Majumder – Proprietor
§ Sagarika Music Private Limited
Wachal Molla, 8 Lenin Sarani, 2nd
Floor, Kolkata – 700013, West
Mobile No.: 91-9930794229
Mr. Hirak Das – CMD
§ Arohi
1, Shakespeare Market, 1st Floor, Kolkata – 700017,
West
Mobile No.: 91-9831246660
Mr. Niraj
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
· Computers
· Motor Car
· Office Equipment / Furniture
· Television/ DVD etc.
· Mobile Phone
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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.44.84 |
|
|
1 |
Rs.69.32 |
|
Euro |
1 |
Rs.59.79 |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--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 |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.