MIRA
INFORM REPORT
|
Report Date : |
18.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
GOMTESH GINNING AND PRESSING PRIVATE LIMITED |
|
|
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Registered
Office : |
Gram Bakaner, Dhar – 452001, Madhya Pradesh |
|
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Country : |
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|
Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
26.03.2007 |
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Com. Reg. No.: |
10-019384 |
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Capital
Investment / Paid-up Capital : |
Rs.12.000 Millions |
|
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|
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CIN No.: [Company Identification
No.] |
U17121MP2007PTC019384 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLG03909D |
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PAN No.: [Permanent Account No.] |
AACCG9701D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Ginning, Pressing, Manufacturing and Trading of Cotton Bales, Cotton Seeds and Kapas |
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 81000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow But Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. There appears some dip in the total income and profits during 2012.
The financial position of the company is unhealthy. However, trade relations are reported as fair. Business is active.
Payments terms are slow but correct. The company can be considered for business dealings at usual trade
terms and condition. |
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
B (Long Term Bank Facilities) |
|
Rating Explanation |
High risk of default |
|
Date |
27.11.2012 |
|
Rating Agency Name |
CARE |
|
Rating |
A4 (Short Term Bank Facilities) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
27.11.2012 |
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.
LOCATIONS
|
Registered Office : |
Gram Bakaner, Dhar – 452001, Madhya Pradesh, India |
|
Tel. No.: |
91-731-2529410 |
|
Fax No.: |
Not Available |
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E-Mail : |
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Admin Office : |
501 – A, President Tower, 6/2, South Tukogang, Madhumumilan Sq. Indore - 452001, Madhya Pradesh ,India |
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Tel. No.: |
91-731-252941 |
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Fax No.: |
91-731-4045453 |
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E-Mail : |
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Head Office : |
Bakaner, Dhar – 454448, Madhya Pradesh, India |
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Tel. No.: |
91-7294-263605 / 263271 |
|
Fax No.: |
91-7294-263691 |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Vinod Kumar Doshi |
|
Designation : |
Managing Director |
|
Address : |
Gram Bakaner, Dhar – 452001, Madhya Pradesh, India |
|
Date of Birth/Age : |
13.05.1958 |
|
Date of Appointment : |
26.03.2007 |
|
DIN No.: |
01820201 |
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|
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|
Name : |
Mr. Gomtesh Doshi |
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Designation : |
Director |
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Address : |
Gram Bakaner, Dhar – 452001, Madhya Pradesh, India |
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Date of Birth/Age : |
23.02.1981 |
|
Date of Appointment : |
26.03.2007 |
|
DIN No.: |
01775232 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Vinod Kumar Doshi |
265000 |
|
Gomtesh Doshi |
363000 |
|
Chanda Doshi |
44000 |
|
Kiran Doshi |
356000 |
|
Mahima Doshi |
89000 |
|
Nidhi Doshi |
83000 |
|
TOTAL
|
1200000 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Ginning, Pressing, Manufacturing and Trading of Cotton Bales,
Cotton Seeds and Kapas |
|
|
|
|
Products : |
·
Cotton Bales ·
Cotton Seeds ·
Kapas |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
· State Bank of Indore, Bakaner, District Dhar, Bakaner - 454448, Madhya Pradesh, India · HDFC bank ·
State Bank of India, Bakaner, District Dhar,
Bakaner - 454448, Madhya Pradesh, India ·
Axis Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Adeshwar C Jain and Company Chartered Accountants |
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Address : |
103-104 Vaibhav Chambers, 7/1, Ushaganj, Chhawni, Indore – 452001,
Madhya Pradesh, India |
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Tel. No.: |
91-731-2703334 |
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Mobile No.: |
91-9425060115 |
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Email : |
|
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PAN No.: |
AAOFA8812E |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1250000 |
Equity Shares |
Rs.10/- each |
Rs. 12.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1200000 |
Equity Shares |
Rs.10/- each |
Rs. 12.000
Millions |
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|
|
|
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AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1750000 |
Equity Shares |
Rs.10/- each |
Rs. 17.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1200000 |
Equity Shares |
Rs.10/- each |
Rs. 12.000
Millions |
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|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
12.000 |
7.860 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
7.760 |
|
|
3] Reserves & Surplus |
8.499 |
3.086 |
0.870 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
20.499 |
10.946 |
8.730 |
|
|
LOAN FUNDS |
|
|
|
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|
1] Secured Loans |
77.812 |
65.522 |
79.090 |
|
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2] Unsecured Loans |
0.599 |
6.970 |
14.799 |
|
|
TOTAL BORROWING |
78.411 |
72.492 |
93.889 |
|
|
DEFERRED TAX LIABILITIES |
1.470 |
1.208 |
0.542 |
|
|
|
|
|
|
|
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TOTAL |
100.380 |
84.646 |
103.161 |
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
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|
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FIXED ASSETS [Net Block] |
17.320 |
16.586 |
14.763 |
|
|
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 |
|
|
|
|
|
|
Inventories |
28.206
|
1.916
|
33.287 |
|
|
Sundry Debtors |
64.198
|
68.574
|
60.318 |
|
|
Cash & Bank Balances |
4.601
|
4.807
|
4.639 |
|
|
Other Current Assets |
0.407
|
0.020
|
0.285 |
|
|
Loans & Advances |
2.355
|
8.244
|
8.337 |
|
Total
Current Assets |
99.767
|
83.561 |
106.866 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
15.617
|
11.161
|
13.445 |
|
|
Other Current Liabilities |
0.035
|
0.665
|
0.242 |
|
|
Provisions |
1.055
|
3.675
|
4.788 |
|
Total
Current Liabilities |
16.707
|
15.501 |
18.475 |
|
|
Net Current Assets |
83.060
|
68.060
|
88.391 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.007 |
|
|
|
|
|
|
|
|
TOTAL |
100.380 |
84.646 |
103.161 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
536.080 |
572.616 |
627.295 |
|
|
|
Other Income |
4.741 |
6.109 |
0.707 |
|
|
|
TOTAL (A) |
540.821 |
578.725 |
628.002 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Variation In Stocks |
|
30.643 |
(10.718) |
|
|
|
Material Purchase Cost |
|
513.506 |
610.789 |
|
|
|
Manufacturing and Operating Expenses |
|
12.654 |
12.941 |
|
|
|
Sales, Administrative and Other Expenses |
|
6.337 |
1.524 |
|
|
|
Staff Expenses |
|
1.872 |
0.823 |
|
|
|
Preliminary written off |
|
0.003 |
0.003 |
|
|
|
TOTAL (B) |
536.775 |
565.015 |
615.362 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
[Including Financial |
13.710 |
12.640 |
|
|
|
|
Expenses ] |
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
9.606 |
10.655 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4.046 |
4.104 |
1.985 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.006 |
0.799 |
0.694 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
3.040 |
3.305 |
1.291 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.945 |
1.089 |
0.632 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
2.095 |
2.216 |
0.659 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
0.869 |
0.210 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
3.085 |
0.869 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.033 |
NA |
NA |
|
|
TOTAL EARNINGS |
0.033 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.90 |
2.82 |
65.94 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.39
|
0.38 |
0.10 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.57
|
0.58 |
0.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.60
|
3.30 |
1.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.30 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.71
|
8.15 |
12.87 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.97
|
5.39 |
5.78 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
Yes |
FORM 8
|
Corporate
identity number of the company |
U17121MP2007PTC019384 |
|
Name of the
company |
GOMTESH GINNING
AND PRESSING PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Gram Bakaner,
Dhar – 452001, Madhya Pradesh, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10138491 |
|
Type of charge |
· Immovable property · Book debts · Movable property (not being pledge) |
|
Particular of
charge holder |
State Bank of India, Bakaner, District Dhar, Bakaner - 454448, Madhya Pradesh, India |
|
Nature of
instrument creating charge |
-Supplemental
Agreement of Loan-Cum-Hypothecation dated 03.02.2012 for increase in the
overall limit to Rs.119.000 Millions from Rs. 89.000 Millions. |
|
Date of
instrument Creating the charge |
03.02.2012 |
|
Amount secured by
the charge |
Rs.119.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest On CC- 6.75% above BR (floating) monthly rests On TL- 7.5% above BR monthly rests Terms of Repayment CC- on demand TL- 11 installments of Rs. 0.818 Million each Margin As per Agreement Extent and
Operation of the charge As per Agreement Others Cash Credit limit has been increased from Rs.80.000 Millions to Rs.110.000 Millions and term loan remained Rs.9.000 Millions only. Totaling to Rs.119.000 Millions |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Continuation of
Charge on Factory Land and Building situated at Patwari Halka No.105 (New)
Old. No.36 Settlement No.293, Survey No. 242/4/1 Area 0.80 Hectare, Bakaner,
MP together with all construction. Continuation of hypothecation of all present and future stocks, goods,
raw materials, book debts, movable plant and machineries and all other
movable assets. |
|
Date of
instrument modifying the charge |
09.01.2010 |
|
Particulars of
the present modification |
Cash Credit limit
has been increased from Rs.80.000 Millions to Rs. 110.000 Millions and term
loan remained Rs.9.000 Millions only. Totaling to Rs.119.000 Millions. |
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 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. 54.62 |
|
|
1 |
Rs. 88.40 |
|
Euro |
1 |
Rs. 71.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
29 |
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.