|
Report Date : |
07.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
GIRIVARYA NON WOVEN FABRICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 75 P/4, NH 8-B |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
15.04.2011 |
|
|
|
|
Com. Reg. No.: |
064969 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.13.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17299GJ2011PTC064969 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RKTG02535B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECG2597F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Non Woven Fabrics
|
|
|
|
|
No. of Employees
: |
25 (Approximately) (In Office + in Factory) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 43000 |
|
|
|
|
Status : |
Recently commenced business activity
|
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Even though the subject was incorporated during April 2011, it
commenced its business activities during February 2012. The management expects a sizeable turnover in its first year of
operation. The networth of the company appears to be good. Trade relations are reported as improving. Business is active.
Payments terms are unknown. The company can be considered for business dealings with great
caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Navneetray Vasharambhai Gajera |
|
Designation : |
Director |
|
Contact No.: |
91-9426269858 |
|
Date : |
06.12.2012 |
LOCATIONS
|
Registered Office / Factory : |
Survey No. 75 P/4, NH 8-B Rajkot Gondal, Behind Vandeshwar
Mahadev Temple, At Bhunava, Gondal – 360311, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9426269858 (Mr. Navneetray Vasharambhai Gajera) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Rented |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Navneetray Vasharambhai Gajera |
|
Designation : |
Director |
|
Address : |
3 Labhdip Society, Vrundavan Provision Store, Mavdi Main Road, Rajkot - 360 004, Gujarat, India |
|
Date of Birth/Age : |
18.08.1979 |
|
Date of Appointment : |
15.04.2011 |
|
DIN No.: |
01933274 |
|
|
|
|
Name : |
Mr. Dhansukhlal Vallabhdas Vekaria |
|
Designation : |
Director |
|
Address : |
5 - Rajnagar, Nana Mava Road, Rajkot - 360 001, Gujarat, India |
|
Date of Birth/Age : |
17.09.1972 |
|
Date of Appointment : |
15.04.2011 |
|
DIN No.: |
03496780 |
|
|
|
|
Name : |
Mr. Hareshbhai Vallabhbhai Gajera |
|
Designation : |
Director |
|
Address : |
Aastha Society, Mavdi Plot, Rajkot - 360 007, Gujarat, India |
|
Date of Birth/Age : |
28.10.1974 |
|
Date of Appointment : |
15.04.2011 |
|
DIN No.: |
03497256 |
|
|
|
|
Name : |
Mr. Harilal Lakhabhai Baldha |
|
Designation : |
Director |
|
Address : |
"Shree Radhe", Nehru Nagar Co. Operative Society 9, Nana Mava Road, Rajkot - 360 004, Gujarat, India |
|
Date of Birth/Age : |
05.09.1962 |
|
Date of Appointment : |
15.04.2011 |
|
DIN No.: |
03497263 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Harilal Lakhabhai Baldha |
|
220700 |
|
Hareshbhai Vallabhbhai Gajera |
|
225000 |
|
Dhansukhlal Vallabhdas Vekari |
|
255000 |
|
Navneetray Vasharambhai Gajera |
|
120000 |
|
Champaben Hareshbhai Gajera |
|
100000 |
|
Vashrambhai Valjibhai Gajera |
|
165000 |
|
Anjnaben Navneetral Gajera |
|
30000 |
|
Samjuben Vashrambhai Gajera |
|
10000 |
|
Maganbhai Lakhabhai Baldha |
|
41800 |
|
Bhavnaben Maganbhai Baldha |
|
62500 |
|
Anilaben Dhansukhlal Vekariya |
|
70000 |
|
Total |
|
1300000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Non Woven Fabrics
|
|
|
|
|
Exports : |
|
|
Products : |
Finished products |
|
Countries : |
South Africa |
|
|
|
|
Imports : |
|
|
Products : |
Machinery |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
AFS Logistics International Private Limited ·
Atmiya Builders ·
It Mall ·
Jay Glass ·
Jivani Rajbhai and Sons ·
Krishna Pipes and Sanetary Wires ·
Lube Point ·
Mahavir Lubricants ·
Raj Pump Service Centre ·
Seashore Ship Agencies Private Limited ·
Wei - Byte Micro Systems ·
Alibaba.com ·
B2B Marketing Consultancy Services ·
Karant Security Agency ·
Om India Transport ·
Plus Services ·
Shree Maruti Courier Service Private Limited |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers ·
A.K. Enterprise ·
Arkey Export ·
Classic Plastic ·
J.J. Industries ·
Jeen Tes ·
Kanwar Industries ·
Krishna Polypeck ·
Om Puja Creation ·
Parmeshwar Multtpack ·
Pelican Enterprise ·
Perfect Packing Industries ·
Sai Bag House ·
Sainath Art ·
Shital Enterprise ·
Sheha Handicraft ·
Shree Offset ·
Shree Ram Packaging ·
Shree Sai ·
Somnath Nova Tec ·
Swagat Bag ·
Visu Tex ·
Yash Packaging ·
Yogi Offset Printers |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
25 (Approximately) (In Office + in Factory) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
Bank of Baroda, 2/12 Bhaktinagar Station Plot, Industrial Estate, SME Branch, Rajkot - 360002, Gujarat, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
H. V. Sorathiya and Company Chartered Accountants |
|
Address : |
Shiv Shrushti Park, Street No. 1, Opposite Khodiyar Dairy, Pedak Road, Rajkot –
360003, Gujarat, India |
|
Mobile No.: |
91-9979035299 |
|
PAN No.: |
BDRPS9741R |
|
|
|
|
Sister Concern : |
Girivarya Agro Private Limited |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1300000 |
Equity Shares |
Rs.10/- each |
Rs.13.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1300000 |
Equity Shares |
Rs.10/- each |
Rs.13.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
13.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(2.193) |
|
|
NETWORTH |
|
|
10.807 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
37.400 |
|
|
2] Unsecured Loans |
|
|
10.282 |
|
|
TOTAL BORROWING |
|
|
47.682 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.504 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
58.993 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
42.342 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
12.831 |
|
|
Sundry Debtors |
|
|
2.023 |
|
|
Cash & Bank Balances |
|
|
1.093 |
|
|
Other Current Assets |
|
|
8.700 |
|
|
Loans & Advances |
|
|
0.089 |
|
Total
Current Assets |
|
|
24.736 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
7.664 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.421 |
|
Total
Current Liabilities |
|
|
8.085 |
|
|
Net Current Assets |
|
|
16.651 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
58.993 |
|
Expected Sales (2012-2013): Rs. 35.000 Millions
The above information has been parted by Mr. Navneetray Vasharambhai
Gajera
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2012 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
5.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
3.06 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
|
|
31.03.2012 |
|
|
|
|
|
|
Sundry
Creditors |
|
|
|
|
For Capital Goods |
|
|
1.036 |
|
For Expenses |
|
|
0.077 |
|
For Others |
|
|
6.551 |
|
Total
|
|
|
7.664 |
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
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 |
No |
|
12] |
Profitability for last
three years |
No |
|
13] |
Reasons for variation
<> 20% |
-- |
|
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
(if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE:
The register office address of the company has been shifted from “Survey No. 75 P/4, Behind Vandeshwar Mahadev Temple, National
Highway 8-B, Rajkot- Gondal Highway, Bhunava, Rajkot - 360311, Gujarat, India” to the
present address w.e.f. 22.10.21011.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U17299GJ2011PTC064969 |
||||||||||||
|
Name of the
company |
GIRIVARYA NON
WOVEN FABRICS PRIVATE LIMITED |
||||||||||||
|
Address of the
registered office or of the principal place of business in |
Survey No. 75
P/4, NH 8-B Rajkot Gondal, Behind Vandeshwar Mahadev Temple, At Bhunava,
Gondal – 360311, Gujarat, India E-mail Id : myonlineforms@gmail.com |
||||||||||||
|
This form is for |
Modification of charge |
||||||||||||
|
Charge
identification (ID) number of the charge to be modified |
10322230 |
||||||||||||
|
Type of charge |
Immovable property |
||||||||||||
|
Particular of
charge holder |
Bank of Baroda, 2/12
Bhaktinagar Station Plot, Industrial Estate, SME Branch, Rajkot - 360002,
Gujarat, India E-mail Id : indraj@bankofbaroda.com |
||||||||||||
|
Nature of
instrument creating charge |
Instrument
relating to deposit of title deeds |
||||||||||||
|
Date of
instrument Creating the charge |
21.11.2011 |
||||||||||||
|
Amount secured by
the charge |
Rs.49.000
Millions |
||||||||||||
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Cash Credit : 4.00%
Above Base Rate i.e. 14.75 % Term Loan : 4.00% Above Base Rate i.e. 14.75 % The Rate of
interest is subject to change from time to time as per banks guideline Terms of
Repayment Cash Credit : On
Demand Term loan: loan
is to be repaid by 78 monthly installments of which 77 instalments each of
Rs. 3.56 lacs and last 78th instalment of Rs 3.56 lacs Repayment
commencing after 6 months from the date of first disbursement Margin 25 % for raw
material, stock in process , finished goods, stores and packing materials 40% for
book-debts up to 90-days 26.59% on plant
& machineries, equipments & other misc. Equipments. ts. Extent and
Operation of the charge The charge of the
bank operates to cover repayement of entire credit facility together with interest, commission,
discount, charges and cost or expense payable or incurred by the bank on
behalf of the company upto repayment of the total credit facility Others
|
||||||||||||
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Industrial Plot No 1 - 4 Admeasuring Sq. Mtrs. 1712-90
& Plot No 11-14 Admeasuring Sq. Mtrs. 1720-35 with super structre thereon on Revenue
Survey No. 75 Paiki 4 of Village Bhunava, Taluka Gondal. Industrial Plot
No 27 Admeasuring Sq. Mtrs.691-50 of revenue survey No. 75 Paiki 4 of Village
Bhunava, Taluka Gondal. All immovable
property Situated in Balaji Industrial Area, Behind Vandheswar Mahadev
Temple, National Highway 8/B, Rajkot-Gondal Highwayat Bhunava, District
Rajkot. |
||||||||||||
|
Particulars of
the present modification |
The limit of the
charge is remaining same amounting to Rs. 49.000 Millions, however the charge
now covers the immovable property by way of equitable mortgage. |
FIXED ASSETS:
·
Computer
·
Electric Fitting
·
Factory Building
·
Factory Land
·
Mobile
·
Plant and Machinery
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 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 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.54.47 |
|
|
1 |
Rs.87.63 |
|
Euro |
1 |
Rs.71.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
26 |
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.