|
Report Date : |
27.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
M AND M COCOA PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.15, Apparel Park Cum Industrial Area, Katha Bhatoli, Baddi,
Solan-173205, Himachal Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
04.05.2006 |
|
|
|
|
Com. Reg. No.: |
06-030192 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 63.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15432HP2006PTC030192 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Processor of Cocoa Beans, |
|
|
|
|
No. of Employees
: |
85 (Approximately) |
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 590000 |
|
|
|
|
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 – 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 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
D |
|
Rating Explanation |
Long term instruments with this rating are in default or expected to
be in default on maturity |
|
Date |
30.06.2012 |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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. Suresh |
|
Designation : |
Plant Head |
|
Contact No.: |
91-9805003002 |
|
Date : |
26.07.2012 |
LOCATIONS
|
Registered Office : |
Plot No.15, Apparel Park Cum Industrial Area, Katha Bhatoli, Baddi,
Solan-173205, Himachal Pradesh, India |
|
Tel. No.: |
91-179-244398 |
|
Mobile No.: |
91-9805003002 (Mr. Suresh) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Devabhaktuni Durga Prasad |
|
Designation : |
Director |
|
Address : |
Flat No.301, Plot No.88, Srinagar Colony, Hyderabad-500073, Andhra
Pradesh, India |
|
Date of Appointment : |
04.05.2006 |
|
DIN No.: |
01721313 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U67120AP2000PTC033579 |
DURGA
PRASAD SECURITIES PRIVATE LIMITED |
Director |
16/02/2000 |
16/02/2000 |
- |
Active |
NO |
|
2 |
L15200AP1988PLC009111 |
LOTUS
CHOCOLATE COMPANY LTD. |
Director |
25/02/2004 |
25/02/2004 |
30/01/2009 |
Active |
NO |
|
3 |
U15432HP2006PTC030192 |
M
& M COCOA PRODUCTS PRIVATE LIMITED |
Director |
04/05/2006 |
04/05/2006 |
- |
Active |
NO |
|
Name : |
Mr. Krishna Kumari Devabhaktuni |
|
Designation : |
Director |
|
Address : |
Flat No.301, S.D.E, Sai Residency, Srinagar Colony, Hyderabad-500073,
Andhra Pradesh, India |
|
Date of Appointment : |
04.05.2006 |
|
DIN No.: |
01913212 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U67120AP2000PTC033579 |
DURGA
PRASAD SECURITIES PRIVATE LIMITED |
Director |
16/02/2000 |
16/02/2000 |
Active |
NO |
|
2 |
U15432HP2006PTC030192 |
M
AND M COCOA PRODUCTS PRIVATE LIMITED |
Director |
04/05/2006 |
04/05/2006 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Suresh |
|
Designation : |
Plant Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Devabhaktuni Durga Prasad Flat No.301, Plot No.88, Srinagar Colony, Hyderabad-500073, Andhra
Pradesh, India |
5510000 |
|
Krishna Kumari Devabhaktuni Flat No.301, S.D.E, Sai Residency, Srinagar Colony, Hyderabad-500073,
Andhra Pradesh, India |
840000 |
|
TOTAL
|
6350000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Processor of Cocoa Beans, Cocoa Powder, Cocoa Butter
Chocolate etc. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Customers : |
·
Wholesalers ·
Retailers |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
85 (Approximately) |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of India, Industrial Finance Branch,
Somajiguda, Rajbhavan Road, Hyderabad-500082, Andhra Pradesh, India |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S R Mohan and Company Chartered Accountant |
|
Address : |
3rd Floor, Raghava Ratna Complex, Nampalli, Hyderabad,
Andhra Pradesh, India |
|
PAN No.: |
AAGFS7353G |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs. 70.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6350000 |
Equity Shares |
Rs.10/- each |
Rs. 63.500
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
63.500 |
60.000 |
60.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
17.028 |
|
|
3] Reserves & Surplus |
85.796 |
65.281 |
56.231 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
149.296 |
125.281 |
133.259 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
128.668 |
145.609 |
114.283 |
|
|
2] Unsecured Loans |
0.410 |
0.035 |
0.753 |
|
|
TOTAL BORROWING |
129.078 |
145.644 |
115.036 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
278.374 |
270.925 |
248.295 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
199.219 |
221.219 |
193.214 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
22.557 |
|
|
|
|
|
|
|
|
INVESTMENT |
16.626 |
0.025 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.179 |
0.245 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
26.989
|
24.321 |
20.404 |
|
|
Sundry Debtors |
27.990
|
13.780 |
4.711 |
|
|
Cash & Bank Balances |
1.066
|
4.988 |
14.126 |
|
|
Other Current Assets |
10.682
|
1.116 |
0.582 |
|
|
Loans & Advances |
11.458
|
17.825 |
8.548 |
|
Total
Current Assets |
78.185
|
62.030 |
48.371 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
4.655
|
5.202 |
9.951 |
|
|
Other Current Liabilities |
4.072
|
2.969 |
3.923 |
|
|
Provisions |
7.287
|
4.732 |
2.411 |
|
Total
Current Liabilities |
16.014
|
12.903 |
16.285 |
|
|
Net Current Assets |
62.171
|
49.127 |
32.086 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.179 |
0.309 |
0.438 |
|
|
|
|
|
|
|
|
TOTAL |
278.374 |
270.925 |
248.295 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
92.531 |
64.128 |
|
|
|
Other Income |
NA |
1.527 |
2.243 |
|
|
|
TOTAL |
NA |
94.058 |
66.371 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
36.260 |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
28.110 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
8.150 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
EXPORT VALUE |
NA |
NA |
44.954 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stores & Spares |
NA |
NA |
0.145 |
|
|
|
Capital Goods |
NA |
NA |
2.553 |
|
|
TOTAL IMPORTS |
NA |
NA |
2.698 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.28 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.06
|
NA |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
NA |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.97
|
1.27 |
0.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.88
|
4.81 |
2.97 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last
one 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 |
Yes |
|
20] |
Export / Import details (if
applicable) |
No |
|
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] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
32] |
Passport No of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
PERFORMANCE
The directors are happy
to inform that during the financial year 2010-11 the company processed
8,284.38MT of beans and achieved capacity utilization of about 70% against
planned 75%.
During the Financial Year 2010-11 their company had earned Cash Profit
of Rs.36.260 Millions and Net Profit after Taxes Rs.8.150 Millions.
FORM 8
|
Corporate
identity number of the company |
U15432HP2006PTC030192 |
|
Name of the
company |
M AND M COCOA
PRODUCTS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
Plot No.15, Apparel Park Cum Industrial Area, Katha Bhatoli, Baddi, Solan-173205, Himachal Pradesh, India |
|
This form is for |
Modification of
charge |
|
Charge identification
number of the charge to be modified |
10019796 |
|
Type of charge |
·
Immovable
property ·
Uncalled
share capital ·
Any
interest in immovable property ·
Book
debts ·
Movable
property (not being pledge) ·
Floating
charge ·
Others |
|
Particular of
charge holder |
State Bank of India, Industrial Finance Branch, Somajiguda, Rajbhavan Road, Hyderabad-500082, Andhra Pradesh, India |
|
Nature of
instrument creating charge |
Supplemental
Agreement of Loan For Increase In The Overall Limit Supplemental
Agreement of Hypothecation of Goods And Assets For Increase In The Overall
Limit Letter Regarding
The Grant of Individual Limits Within The Overall Limit Memo For
Recording Extension of Mortgage By Deposit of Title Deeds Sanction Letter |
|
Date of instrument
Creating the charge |
01.02.2012 |
|
Amount secured by
the charge |
Rs. 213.900
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest CC 6.00 % above base rate present eff. Rate
16.00 % at monthly rests EPC as rate applicable for EPC notified by RBI TLI
and TLII 5% above base rate present EFF being 15.00% at monthly rests. Terms of repayment CC Repayable On
Demand and TL As Per Existing Terms Margin RM 25% Stocks In Process
25% Finished Goods
25% Stores And Spares
40% Receivables 40% Maximum coverage
period FO book debts 60 days Bank guarantees
10% FLC 10% Extent and operation of the charge As Per Sanction
Letter |
|
Short particulars
of the property charged (Including location of the property) |
Primary
Security-TLFirst charge on the fixed assets of the company Plot no.15,
measuring 6411 sq yds apparel cum industrial area Tehsil Nagar District
Solan. Lease Deed 2469 Dated 14.11.06 WC - First charge
Hypothecation on all the current assets of the company, collateral, TL, EM OF
PROPERTIES as listed below, extension of first charge on the current assets
of the company. Housing Plot
admeasuring 436 Square Yards bearing plot no 5, survey no. 57, sale deed no 8752-89
in Food Corporation of India Employees Co-operative housing society Limited,
LB Nagar Muncipality, Housing Plot
No.B31 and32 admeasuring 355 Square Yards185 and 170 sq yards, bearing sale
deed nos.16668-05 and 16669-05 at Manikonda Village and Gram Panchayat
Rajendra Nagar Mandal, R. R. District No.18 and 19
Commercial Space admeasuring 895 Square feet in Ground Floor of Alluri Trade
centre, Kukatpally, Hyderabad , sale deed no 888-04 in the name of D. Krishna Kumari Open land
admeasuring 1323 sq. yards at Sy.No.193 part, Kondapur Village,
Serilingampalli Mandal and Municipality, R. R. District bearing regd.
Partition deed no 1358-06 and lease deed no 2469-14.11.06 Residential flat
at flat no. 203,admeasuring 1600 sq. feet, Third floor, Vishnu Mansion,
8-3-1095-203, Srinagar Colony, Hyderabad, in the name of D. Krishna Kumari, sale deed no 2778-04,
Personal guarantee of D. Durga Prasad and D. Krishna Kumari wife of D. Durga
Prasad. |
|
Date of
instrument modifying the charge |
13.04.2010 |
|
Particulars of
the present modification |
The Modification
From Existing Limits of Rs.208.500 Millions to Rs.213.900 Millions by
Sanction of FBWC With Enhancement From Rs.30.000 Millions to Rs.34.500
Millions NFBWC Enhancement From Rs.5.000 Millions to Rs.10.000 Millions and
Sanction of FLC of Rs.5.000 Millions. |
FIXED ASSETS
·
Land
·
Buildings
·
Plant and Machinery
·
Office Equipments
·
Computer Software
·
Vehicles
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. 55.94 |
|
|
1 |
Rs. 86.55 |
|
Euro |
1 |
Rs. 67.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
DPT |
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 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
NO |
|
--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.