1. Summary Information
|
|
|
Country |
India |
|
Company Name |
G.R.N. CONSTRUCTIONS PRIVATE LIMITED |
Principal Name 1 |
Ms. Prameela Ganta |
|
Status |
Moderate |
Principal Name 2 |
Mr. Ramesh Ganta |
|
|
|
Registration # |
01-058701 |
|
Street Address |
16-3-1073, Harinatha Puram, Nellore-524001, Andhra Pradesh, India |
||
|
Established Date |
16.04.2008 |
SIC Code |
-- |
|
Telephone# |
91-861-2311524 |
Business Style 1 |
Contractor |
|
Fax # |
91-861-2335687 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
57,930,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors and relatives of directors – 99.21% Other top 50 shareholders -0.79% |
Banking |
HDFC Bank |
|
Public Limited Corp. |
No |
Business Period |
3 years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (30) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiaries
|
India
|
Purnachandra Construction |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
108,595,000 |
Current Liabilities |
29,859,000 |
|
Inventories |
9,979,000 |
Long-term Liabilities |
638,788,000 |
|
Fixed Assets |
727,082,000 |
Other Liabilities |
25,585,000 |
|
Deferred Assets |
0 |
Total Liabilities |
694,232,000 |
|
Invest& other Assets |
318,000 |
Retained Earnings |
93,812,000 |
|
|
|
Net Worth |
151,742,000 |
|
Total Assets |
845,974,000 |
Total Liab. & Equity |
845,974,000 |
|
Total Assets (Previous Year) |
495,957,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
593,769,000 |
Net Profit |
39,730,000 |
|
Sales(Previous yr) |
185,256,000 |
Net Profit(Prev.yr) |
15,842,000 |
MIRA
INFORM REPORT
|
Report Date : |
29.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
G.R.N. CONSTRUCTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
16-3-1073, Harinatha Puram, Nellore-524001, Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
16.04.2008 |
|
|
|
|
Com. Reg. No.: |
01-058701 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 57.930 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200AP2008PTC058701 |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Subject is engaged from Civil engineering contract business. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 600000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Trade
relations are reported as fair. Business is active. Payments are reported to
be slow but correct. The company can be considered for business dealings with some
cautions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
16-3-1073, Harinatha Puram, Nellore-524001, Andhra Pradesh, India |
|
Tel. No.: |
91-861-2335687 |
|
Fax No.: |
91-861-2311524 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Administrative Office : |
F 201, 2ND Floor, Panorama Mansion Renuka Enclave,
Rajbhavan Road, Somjigada-500082, Hyderabad, India |
|
Tel. No.: |
91-40-23370218 |
|
Fax No.: |
91-40-23370228 |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Naidu Ramanaiah Ganta |
|
Designation : |
Managing Director |
|
Address : |
16-3-1073, Harinatha Puram, Nellore-524001, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.05.1957 |
|
Date of Appointment : |
16.04.2008 |
|
DIN No : |
01839096 |
|
|
|
|
Name : |
Ms. Prameela Ganta |
|
Designation : |
Director |
|
Address : |
16-3-1073, Harinatha Puram, Nellore-524001, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.07.1964 |
|
Date of Appointment : |
16.04.2008 |
|
DIN No : |
01839115 |
|
|
|
|
Name : |
Mr. Ramesh Ganta |
|
Designation : |
Director |
|
Address : |
16-3-1073, Harinatha Puram, Nellore-524001, Andhra Pradesh, India |
|
Date of Birth/Age : |
31.03.1985 |
|
Date of Appointment : |
16.06.2008 |
|
DIN No : |
02205168 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
Naidu Ramanaiah Ganta |
5652000 |
|
Prameela Ganta |
105000 |
|
L Venkata Rao |
6000 |
|
K Muralidhara Sarma |
5000 |
|
Ravikishore G |
5000 |
|
Chandramouli C |
5000 |
|
Anji Babu B |
5000 |
|
B Chandra Babu |
5000 |
|
T Dasaradha Rao |
5000 |
|
K Bhrathi |
5000 |
|
P Prbhavathi |
5000 |
|
Total |
5803000 |
AS ON 30.09.2010
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.21 |
|
Other top fifty shareholders |
0.79 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged from Civil engineering contract business. |
GENERAL INFORMATION
|
Bankers : |
·
ING Vysya Bank limited, 13/1, Karpagambal Nagar
Main Road, 1st Floor, Mylapore, Chennai-600004, Tamil Nadu, India ·
Andhra Bank, Main Branch, Brindavanam, Nellore-524001,
Andhra Pradesh, India ·
HDFC Bank Limited ·
ABN Amro Bank ·
ICICI Bank ·
Kotak Mahindra Bank ·
Syndicate Bank |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
·
Srei Equipment Finance Private Limited,
Vishwakaram, 86C, Topsia Road, Kolkata-700046, West Bengal, India ·
L and T Finance Limited, Land T House, Ballard
Estate, Mumbai-400001, Maharashtra, India ·
Citi Cooperative Finance Limited ·
Tata Capital Limited |
|
|
|
|
Auditors : |
|
|
Name : |
P A Reddy and Company Chartered Accountant |
|
Address : |
24-2-670, Saraswathi Nagar, Dargamitta, Nellore-524001, Andhra
Pradesh, India |
|
Tel. No.: |
91-861-2326666 / 2323234 |
|
Fax No.: |
91-861-2326157 |
|
E-Mail : |
|
|
|
|
|
Associates/Subsidiaries : |
Purnachandra Construction |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5900000 |
Equity Shares |
Rs.10/- each |
Rs. 59.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5793000 |
Equity Shares |
Rs.10/- each |
Rs. 57.930
Millions |
|
|
|
|
|
AS ON 30.09.2010
Authorised Capital : Rs. 59.000
millions
Issued, Subscribed & Paid-up Capital : Rs. 58.030 millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
57.930 |
56.570 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
93.812 |
28.242 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
151.742 |
84.812 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
595.487 |
224.669 |
|
|
2] Unsecured Loans |
|
43.301 |
65.629 |
|
|
TOTAL BORROWING |
|
638.788 |
290.298 |
|
|
DEFERRED TAX LIABILITIES |
|
25.585 |
18.072 |
|
|
|
|
|
|
|
|
TOTAL |
|
816.115 |
393.182 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
727.082 |
388.610 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
9.979 |
0.000 |
|
|
Sundry Debtors |
|
30.849 |
27.039 |
|
|
Cash & Bank Balances |
|
16.184 |
5.996 |
|
|
Other Current Assets |
|
43.674 |
20.308 |
|
|
Loans & Advances |
|
17.888 |
2.404 |
|
Total
Current Assets |
|
118.574 |
55.747 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
16.551 |
45.335 |
|
|
Other Current Liabilities |
|
0.000 |
0.000 |
|
|
Provisions |
|
13.308 |
6.265 |
|
Total
Current Liabilities |
|
29.859 |
51.600 |
|
|
Net Current Assets |
|
88.715 |
4.147 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.318 |
0.425 |
|
|
|
|
|
|
|
|
TOTAL |
|
816.115 |
393.182 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Gross Bill Receipts |
|
593.769 |
185.256 |
|
|
|
Other Income |
|
1.207 |
0.396 |
|
|
|
TOTAL |
|
594.976 |
185.652 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
301.395 |
124.378 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
301.395 |
124.378 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
293.581 |
61.274 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
46.553 |
14.215 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
247.028 |
47.059 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
176.068 |
22.715 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
70.960 |
24.344 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
20.821 |
8.502 |
|
|
|
|
|
|
|
|
|
Less |
Exceptional
Items |
|
10.409 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
|
39.730 |
15.842 |
|
|
|
|
|
|
|
|
|
Add / Less |
Deferred
tax on intial adoption |
|
0.007 |
15.835 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
39.737 |
0.007 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stores & Spares |
|
3.800 |
0.000 |
|
|
|
Capital Goods |
|
28.393 |
7.578 |
|
|
TOTAL IMPORTS |
|
32.193 |
7.578 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
8.86 |
2.80 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
|
6.68 |
8.53 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
11.95 |
13.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
8.39 |
5.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.47 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
4.58 |
4.24 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
3.97 |
1.08 |
LOCAL AGENCY FURTHER INFORMATION
BANK FINANCE
During the year, the Company continued to enjoy the credit facilities
sanctioned by Syndicate Bank, Dargamitta, Nellore
FORM 8
|
Corporate
identity number of the company |
U17121DL2008PTC177659 |
|
Name of the
company |
G.R.N
CELLULOSE PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
16-3-1073, Harinatha Puram, Nellore-524001, Andhra Pradesh, India |
|
This form is for |
Creation of charge |
|
Type of charge |
Movable property (not being pledge) |
|
Particular of
charge holder |
ING Vysya Bank limited, 13/1, Karpagambal Nagar Main Road, 1st
Floor, Mylapore, Chennai-600004, Tamil Nadu, India |
|
Nature of
instrument creating charge |
Agreement for vehicle loan and hypothecation |
|
Date of
instrument Creating the charge |
20.01.2011 |
|
Amount secured by
the charge |
Rs. 100.000 millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Rate of Interest is 9.90% Terms of
repayment Loan is repayable in 29 installments starting from 08th
March, 2011 Extent and
operation of the charge As per the loan documents execute |
|
Short particulars
of the property charged (Including location of the property) |
5 nos. Al Tankers, 3 nos. Komatsu Dozer, 1 no. JCB, 1 no. Atlas Capco
and 19 nos. Volvo tippers |
|
Charge
identification number of the charge to be modified |
10151148 |
FIXED ASSETS
Ř
Excavators
Ř
Tippers
Ř
Motor Cars
Ř
Jeeps
Ř
Compressors
Ř
Tractors
Ř
Tanker
Ř
Motor Cycles
Ř
Welding Motor
Ř
Motor Grader
Ř
Computers
Ř
Air Conditioner
Ř
Dozers
Ř
Mobiles Phones
WEB SITE DETAILS
PROFILE
Subject was established in the year 1979 as a Partnership Firm and
functioning at its own office premises No.1,Jawaharlal Nehru Street,
T.Nagar,Chennai-600 017.
The Company was
founded by Shri G.R.Natarajan, a 1929-batch, qualified Engineer from Guindy Engineering
College, the then Madras Province. He started his professional career with the
internationally well known Civil Engineering Firm Gannon Dunkerly.
He established his
own civil engineering contract business and took-up several construction
contracts in various Government Departments like Military Engineering Services,
Railways, State Highways, Madras Port Trust, State Public Works, Industries and
Commerce etc. and successfully constructed several landmark Industrial Houses,
Bridges, Runways etc., He earned a very good name and carved a niche for
himself in the construction industry as a Trustworthy and Quality-conscious
construction contractor.
He along with his
son-in-law Mr. K. Balakrishnan, a qualified Civil Engineer from Central P.W.D.
and with his sons Mr. N. Ramasundaram and Mr. N. Sairam started a Partnership
Firm under the name and style of G. R. Natarajan and Company in the year 1979
with the object of carrying out construction contracts for Residential and
Commercial purposes.
The Company had
registered a steady growth in its construction activities and spread its wings
throughout Chennai City earning a well deserved goodwill and reputation as a
reliable Promoter with quality construction and client-friendly-approach.
The Company has
nearly 90 completed Projects to its credit, both Residential and Commercial,
with about 7.00 Lakhs Sq. ft. Floor Space. Presently about 22 Projects are
being handled with a floor space of 2.50 Lakhs Sq. ft. which are expected to be
completed successfully by the end of this financial year. In addition,
negotiations are under way to develop various properties for constructing
Residential / Commercial Complexes with a Floor Space of 40000 Sq. ft.
In view of his old
age, the founder of the organization Mr. G. R. Natarajan opted to entrust the
operations of the Company to the next generation and the Firm was reconstituted
with the following Partners
Ř
Mr.
K. Balakrishnan
Ř
Mr.
N. Ramasundaram
Ř
Mr.
N. Sairam
Ř
Mrs.
R. Sarala
The Founder Mr. G.
R. Natarajan, has expired in the year 2004 at the age of 96, leaving behind him
the legacy of a Trustworthy and Quality-Conscious. Builder / Promoter under the
Brand Image of GRN.
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.45.05 |
|
|
1 |
Rs.71.91 |
|
Euro |
1 |
Rs.64.34 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
30 |
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.