MIRA
INFORM REPORT
|
Report Date : |
21.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
MEDICO REMEDIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
50, Juhu Supreme Shopping Center, Gulmohar Cross Road No. 9, Juhu,
Mumbai 400049, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
18.03.1994 |
|
|
|
|
Com. Reg. No.: |
11-077187 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.810 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230MH1994PTC077187 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM22132F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM8349L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Pharmaceutical Products |
|
|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 150000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be slow. However, trade relations are reported as fair.
Business is active. Payments are reported to be slow but correct. The company can be considered for small to mediocre business dealings
at usual trade terms and conditions. |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Ms. Sarika |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-26701055 |
|
Date : |
21.10.2011 |
LOCATIONS
|
Registered Office : |
50, Juhu Supreme Shopping Center, Gulmohar Cross Road No. 9, Juhu,
Mumbai 400049, Maharashtra, India |
|
Tel. No.: |
91-22-26701055 |
|
Fax No.: |
91-22-26701059 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
400 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
8 and 9, Dewan and Sons Udyog Nagar, Palghar (West), Thane,
Maharashtra, India |
|
Tel. No.: |
95-2525-327113 / 256381 |
|
Fax No.: |
95-2525-255287 |
DIRECTORS
AS ON 02.09.2010
|
Name : |
Mrs. Rita Haresh Mehta |
|
Designation : |
Director |
|
Address : |
5-A, Pleasant Palace, |
|
Date of Birth/Age : |
20.10.1960 |
|
Date of Appointment : |
01.12.1999 |
|
DIN No.: |
01080344 |
|
|
|
|
Name : |
Mr. Haresh Kapurlal Mehta |
|
Designation : |
Director |
|
Address : |
5-A, Pleasant Palace, |
|
Date of Birth/Age : |
17.08.1955 |
|
Qualification : |
B. Pharma |
|
Date of Appointment : |
18.03.1994 |
|
DIN No.: |
01080289 |
KEY EXECUTIVES
|
Name : |
Ms. Sarika |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 02.09.2010
|
Names of Shareholders |
No. of Shares |
|
Harsh K Mehta |
270500 |
|
Rita Mehta |
179700 |
|
Gita Patel |
10000 |
|
Payal S Patel |
10000 |
|
Rishi H Mehta |
13000 |
|
Suresh Mehta |
26000 |
|
Triveni P Patel |
20000 |
|
Harsh K Mehta HUF |
169800 |
|
Harshit H Mehta |
67000 |
|
Rajesh S Doshi |
33500 |
|
Dhanlaxmi S Doshi |
14000 |
|
Shantilal J Doshi |
22000 |
|
Vikas B Gawde |
24000 |
|
Chintan Vekaria |
55000 |
|
Sejal Vekaria |
3000 |
|
Jitendra Vekaria |
37500 |
|
Shweta Vekaria |
26000 |
|
Total |
981000 |
AS ON 02.09.2010
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pharmaceutical Products |
|
|
|
|
Products : |
·
Tablets ·
Capsules ·
Suspensions |
|
|
|
|
Exports : |
|
|
Products : |
Pharmaceutical Products |
|
Countries : |
Nigeria |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
L/C, Cash, Credit |
GENERAL INFORMATION
|
Suppliers : |
PVR Impex |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers and Retailers ·
Surat Municipal Co-operation |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
No. of Employees : |
250 (Approximately) |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
·
Bank of Baroda, Vile Parle West Branch, Somaiya
Sadan, D J Road, Vile Parle (West), Mumbai-400056, Maharashtra, India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Pratap R Rajwade Chartered Accountants |
|
Address : |
117, Shubh Ashirwad, 1st Floor, Hindu Colony Road, No.5,
Dadar, Mumbai-400014, Maharashtra, India |
|
Mobile No.: |
91-9833060763 |
|
PAN No.: |
AEBPR6700B |
|
|
|
|
Associates/Subsidiaries : |
Synmed Healthcare |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
981000 |
Equity Shares |
Rs.10/- each |
Rs. 9.810
Millions |
|
|
|
|
|
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 |
|
|
|
|
|
1] Share Capital |
9.810 |
9.570 |
9.130 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
28.131 |
24.093 |
17.776 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
37.941 |
33.663 |
26.906 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
21.592 |
9.578 |
9.141 |
|
|
2] Unsecured Loans |
7.650 |
9.602 |
6.316 |
|
|
TOTAL BORROWING |
29.242 |
19.180 |
15.457 |
|
|
DEFERRED TAX LIABILITIES |
1.720 |
1.192 |
0.627 |
|
|
|
|
|
|
|
|
TOTAL |
68.903 |
54.035 |
42.990 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
25.732 |
22.094 |
21.935 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
6.452 |
1.681 |
2.431 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
25.725
|
11.425 |
26.063 |
|
|
Sundry Debtors |
16.144
|
32.595 |
6.493 |
|
|
Cash & Bank Balances |
0.939
|
0.058 |
0.308 |
|
|
Other Current Assets |
6.933
|
0.331 |
0.307 |
|
|
Loans & Advances |
21.911
|
12.402 |
10.876 |
|
Total
Current Assets |
71.652
|
56.811 |
44.047 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
31.070
|
23.691 |
23.789 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
3.873
|
2.872 |
1.648 |
|
Total
Current Liabilities |
34.943
|
26.563 |
25.437 |
|
|
Net Current Assets |
36.709
|
30.248 |
18.610 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.010 |
0.012 |
0.014 |
|
|
|
|
|
|
|
|
TOTAL |
68.903 |
54.035 |
42.990 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales and Labour Charges |
117.795 |
125.066 |
95.792 |
|
|
|
Other Income |
1.198 |
1.551 |
1.817 |
|
|
|
TOTAL (A) |
118.993 |
126.617 |
97.609 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material and Manufacturing Expenses |
93.575 |
93.852 |
|
|
|
|
Payment to and Provision for Expenses |
9.330 |
7.751 |
|
|
|
|
Administrative Expenses |
11.082 |
9.647 |
|
|
|
|
Increase / Decreased in Stock of Finished Goods |
(4.562) |
7.185 |
92.471 |
|
|
|
TOTAL (B) |
109.425 |
118.435 |
Including
|
|
|
|
|
|
Financial
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
9.568 |
8.182 |
Expenses
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.978 |
2.279 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
6.590 |
5.903 |
5.138 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.194 |
2.856 |
2.872 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3.396 |
3.047 |
2.266 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.528 |
1.790 |
1.298 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1.868 |
1.257 |
0.968 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5.188 |
3.931 |
NA |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
7.056 |
5.188 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.90 |
1.31 |
1.06 |
|
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) |
|
|
125.000 |
|
|
|
|
|
Expected Sales (2011-2012) : Rs. 130.000 Millions
The above information has been parted by Ms. Sarika.
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.57
|
0.99 |
0.99 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.88
|
2.44 |
2.37 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.49
|
3.86 |
3.43 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.09 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.74
|
1.39 |
1.54 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.05
|
2.14 |
1.73 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS:
The company has earned a net profit of Rs. 3.396 millions after writing
of preliminary expenses amounting to Rs. 0.002 million and making provision for
depreciation amounting to Rs. 3.194 millions the directors of the company are
confident of very bright prospect of the company.
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1. Year of Establishment |
Yes |
|
2. Locality of the firm |
Yes |
|
3. Constructions of the firm |
Yes |
|
4. Premises details |
Yes |
|
5. Type of Business |
Yes |
|
6. Line of Business |
Yes |
|
7. Promoter’s background |
----- |
|
8. No. of Employees |
Yes |
|
9. Name of person contacted |
Yes |
|
10. Designation of contact person |
Yes |
|
11. Turnover of firm for last three years |
Yes |
|
12. Profitability for last three years |
No |
|
13. Reasons for variation <> 20% |
No |
|
14. Estimation for coming financial year |
Yes |
|
15. Capital in the business |
Yes |
|
16. Details of sister concerns |
Yes |
|
17. Major suppliers |
Yes |
|
18. Major customers |
Yes |
|
19. Payments terms |
Yes |
|
20. Export / Import details |
Yes |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
23. Banking Details |
Yes |
|
24. Banking facility details |
Yes |
|
25. Conduct of the banking account |
------ |
|
26. Buyer visit details |
------ |
|
27. Financials, if provided |
No |
|
28. Incorporation details, if applicable |
------ |
|
29. Last accounts filed at ROC |
------ |
|
30. Major Shareholders, if available |
------ |
FORM 8
|
Corporate
identity number of the company |
U24230MH1994PTC077187 |
|
Name of the
company |
MEDICO REMEDIES
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
50, Juhu Supreme Shopping Center, Gulmohar Cross Road No. 9, Juhu,
Mumbai 400049, Maharashtra, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable
property Any interest in
immovable property |
|
Particular of
charge holder |
Bank of Baroda, Vile Parle West Branch, Somaiya Sadan, D J Road, Vile Parle
(West), Mumbai-400056, Maharashtra, India |
|
Nature of
instrument creating charge |
Further
Supplemental Memorandum of Deposit of Title Deeds. |
|
Date of
instrument Creating the charge |
03.02.2011 |
|
Amount secured by
the charge |
Rs. 60.000 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Interest to be
charged as per sanction/review of the account from time to time. Extent and operation of the charge The charge is modified
to secure the due repayment of the loan/credit facilities viz. Cash Credit -
Rs.10.000 millions, PC / FBP / UFBP / PSDL - Rs.10.000 millions, Bank
Guarantee - Rs.30.000 millions and LC (Import DA 90 days) Rs.10.000 millions,
aggregating to Rs.60.000 millions together with interest, additional
interest, further interest by way of liquidated damages, compound interest,
commitment charges, premium on pre-payment or on redemption, costs, charges
and expenses |
|
Short particulars
of the property charged (Including location of the property) |
1)
All
that N.A. Industrial sub-divided plot of land bearing Plot No.8 adm.1023
sq.mtr. together with factory buildings/fixed structures standing thereon situated
at Old Survey No.37, H.No.6 and S.No.39 part, New S.No.37, H.No.6 and S.No.39
part, New S.No.201, 202 of Village Navali being at Diwan and Sons Udyog
Nagar, Palghar, Taluka Palghar, District Thane, together with plants and
machineries fastened to the earth and fixtures, and fittings lying therein. 2)
All
that N.A. Industrial sub-divided plot of land bearing Plot No.9 adm.1023 sq.
mtr. together with factory buildings/fixed structures standing thereon
situated at Old Survey No.37, H.No.6 and S.No.39 part, New S.No.37, H.No.6
and S.No.39 part, New S.No.201, 202 of Village Navali being at Diwan and Sons
Udyog Nagar, Palghar, Taluka Palghar, District Thane, together with plants
and machineries fastened to the earth and fixtures, and fittings lying therein. 3)
All
that Ownership Residential Flat No.5-A, admeasuring 1440 sq. feet (super
built up area inclusive of 60 sq. feet area of parking space) being on the
5th floor of the Pleasant Palace, situated at Plot No.4, Friends Co-Operative
Housing Society Limited, J.V.P.D. Scheme, Vile Parle (West), Mumbai – 400 056
belonging to Mr. Haresh K. Mehta and Mrs. Rita H. Mehta. |
|
Charge
identification number of the charge to be modified |
80024744 |
|
Date of
instrument modifying the charge |
22.02.2010 |
|
Particulars of
the present modification |
The charge is
increased up to Rs.60.000 millions to cover Cash Credit - Rs.10.000 millions,
PC/FBP/UFBP/PSDL - Rs.10.000 millions, Bank Guarantee - Rs.30.000 millions
and LC (Import DA 90 days) Rs.10.000 millions (Fresh). |
TRADE REFERENCE:
· PVR Impex
· Surat Municipal Co-operation
FIXED ASSETS:
·
Factory Building
·
Plot at Palghar
·
Furniture and Fixtures
·
Plant and Machinery
·
Electrical Installation
·
Motor Car
·
Air Condition
·
Computer
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. 49.71 |
|
|
1 |
Rs. 78.08 |
|
Euro |
1 |
Rs. 68.05 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
34 |
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.