Revised Report
|
Report Date : |
11.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
ANATEK SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
8, Valmiki Apartments, C |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
27.06.1997 |
|
|
|
|
Com. Reg. No.: |
11-109057 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299MH1997PTC109057 |
|
|
|
|
IEC No.: |
0397085478 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA11746A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA9079Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Distributor and Importer
of HPLC, FTIR,
CD-Polarimiter and UV-Spectrophotometer |
|
|
|
|
No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 360000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported. Business
is active. Payments are reported to be usually correct and as per
commitments. The company can be considered normal for 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) |
|
|
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 : |
Mr. Ashish R kilkarni |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9594123222 |
|
Date : |
02.06.2012 |
LOCATIONS
|
Registered Office / Head Office / Service Center : |
8, Valmiki Apartments, C S T Road, Kalina, Santacruz (East), Mumbai –
400098, Maharashtra, India |
|
Tel. No.: |
91-22-65014604 / 26670975 / 1004 / 95912536 |
|
Fax No.: |
91-22-26650498 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Sales Office : |
201-214, Sai Chambers, Near Santacruz bus Depot, Santacruz (East),
Mumbai – 4000055, Maharashtra, India |
|
Tel. No.: |
91-22-26104285 / 9608 / 66976816 / 17 |
|
|
|
|
Branch Office : |
Locate At · New Delhi · Vadodara · Aurangabad · Kolkata · Mumbai · Pune · Hyderabad · Goa · Bangalore · Chennai |
DIRECTORS
As on 27.06.1997
|
Name : |
Mr. Chandrakant Dattatraya Kale |
|
Designation : |
Director |
|
Address : |
12-D, Popular House, Eden Woods, Pokharan Road No.2, Thane
(West) -400601, Maharashtra, India |
|
Date of Birth/Age : |
11.047.1950 |
|
Qualification : |
B Tech (IIT Mumbai) |
|
Experience : |
35 Years |
|
Date of Appointment : |
27.06.1997 |
|
DIN No.: |
00611734 |
|
|
|
|
Name : |
Mr. Suhas Shridhar Potdar |
|
Designation : |
Director |
|
Address : |
7, Vaikhari Sahnivas, Hanuman Road, Vile Parle (E), Mumbai
– 400057, Maharashtra, India |
|
Date of Birth/Age : |
15.11.1956 |
|
Qualification : |
MSC Electronics DMS |
|
Experience : |
30Years |
|
Date of Appointment : |
27.06.1997 |
|
DIN No.: |
00804429 |
|
|
|
|
Name : |
Mr. Hemant Gajanan Vadhavkar |
|
Designation : |
Director |
|
Address : |
301, Everest Grandeur, Chitrakar Ketkar Marg, Vile Parle
(East), Mumbai – 400057, Maharashtra, India
|
|
Date of Birth/Age : |
04.02.1952 |
|
Qualification : |
MSC Analytical Chemistry |
|
Experience : |
30 Years |
|
Date of Appointment : |
27.06.1997 |
|
DIN No.: |
00804479 |
KEY EXECUTIVES
|
Name : |
Mr. CS Ajit Sathe |
|
Designation : |
Company Secretaries |
|
Address : |
14/2nd Floor, Jiva Devshi Building, Above Ranade Road Post Office,
Ranade Road, Dadar (East), Mumbai – 400028, Maharashtra, India |
|
Tel No. : |
91-6451-2969 |
|
Mobile No.: |
91-9223214665 |
|
E-Mail : |
|
|
|
|
|
Name : |
Mr. Ashish R kilkarni |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.06.1997
|
Names of Shareholders |
|
No. of Shares |
|
Hemant Gajanan Vadhavkar |
|
42500 |
|
Suhas Shridhar Potdar |
|
42500 |
|
Chandrakant Dattatraya Kale |
|
15000 |
|
Total |
|
100,000 |
As on 27.06.1997
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor and Importer
of HPLC, FTIR,
CD-Polarimiter and UV-Spectrophotometer |
|
|
|
|
Products : |
·
HPLC ·
FTIR ·
CD-Polarimiter ·
UV-Spectrophotometer |
|
|
|
|
Agencies Held : |
Jasco International Limited - Japan |
|
|
|
|
Terms : |
|
|
Selling : |
L/C |
|
|
|
|
Purchasing : |
L/C |
GENERAL INFORMATION
|
No. of Employees : |
60 (Approximately) |
|
|
|
|
Bankers : |
· Canara Bank, 112, Jayachamarajendra Road, Bangalore - 560 002, Karnataka, India Branch : Flat No. 310,
Kalina-Kurla Road, Kalina, Santacruz (East), Mumbai - 400029, Maharashtra, India ·
Saraswat
Bank ·
Corporation
Bank, Wajid House, Kalina Market- Kalina Road, Santacruz (East), Mumbai, Maharashtra,
India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Borkar and Shenoy Chartered Accountants |
|
Address : |
B-14, Valmiki Apts., Next To Bombay College, Sundernagar,
Kalina, Santacruz (East), Mumbai – 400098, Maharashtra, India |
|
Tel. No.: |
91-22-26671102 / 28391147 / 53 |
|
Fax No.: |
91-22-26671024 |
|
E-Mail : |
|
|
PAN.: |
AADFB6915E |
|
|
|
|
Enter over which key Management personnel exercises significant
influence : : |
·
Anatek Services ·
Suntek Services |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000
Million |
|
|
|
|
|
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 |
1.000 |
1.000 |
1.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
89.583 |
75.937 |
67.471 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
90.583 |
76.937 |
68.471 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.796 |
0.784 |
0.643 |
|
|
|
|
|
|
|
|
TOTAL |
91.379 |
77.721 |
69.114 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
11.435 |
12.154 |
6.717 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.620 |
0.620 |
0.610 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
11.935
|
3.280 |
2.796 |
|
|
Sundry Debtors |
10.937
|
17.581 |
8.142 |
|
|
Cash & Bank Balances |
67.600
|
63.730 |
58.278 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
27.258
|
45.347 |
38.972 |
|
Total
Current Assets |
117.730
|
129.938 |
108.188 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
8.762
|
12.434 |
10.028 |
|
|
Other Current Liabilities |
5.888
|
7.620 |
2.871 |
|
|
Provisions |
23.756
|
44.937 |
33.502 |
|
Total
Current Liabilities |
38.406
|
64.991 |
46.401 |
|
|
Net Current Assets |
79.324
|
64.947 |
61.787 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
91.379 |
77.721 |
69.114 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
27.383 |
8.698 |
7.519 |
|
|
|
Direct Sales Commission |
52.207 |
56.470 |
47.701 |
|
|
|
Other Income |
15.007 |
12.419 |
14.534 |
|
|
|
TOTAL |
94.597 |
77.587 |
69.754 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Direct Expenses |
43.525 |
24.231 |
19.724 |
|
|
|
Staff Expenses |
17.211 |
13.836 |
14.450 |
|
|
|
Administrative Expenses |
20.611 |
15.600 |
14.878 |
|
|
|
Increase / (Decrease) in Stock |
(8.655) |
(0.484) |
0.367 |
|
|
|
TOTAL |
72.692 |
53.183 |
49.419 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
21.905 |
24.404 |
20.335 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.978 |
0.928 |
0.776 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
20.927 |
23.476 |
19.559 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
6.853 |
7.990 |
6.935 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
14.074 |
15.486 |
12.624 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
67.596 |
60.678 |
52.826 |
|
|
|
|
|
|
|
|
|
|
Prior Taxation |
0.429 |
0.000 |
0.000 |
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
1.549 |
1.262 |
|
|
|
Dividend |
0.000 |
3.000 |
3.000 |
|
|
|
Tax on Dividend |
0.000 |
0.510 |
0.510 |
|
|
|
Proposed Dividend |
0.000 |
3.000 |
0.000 |
|
|
|
Provision for Tax |
0.000 |
0.509 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
81.241 |
67.596 |
60.678 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
51.888 |
55.845 |
47.701 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stores & Spares |
28.681 |
8.005 |
6.000 |
|
|
TOTAL IMPORTS |
28.681 |
8.005 |
6.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
140.74 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.200 |
|
PAT / Total Income |
(%) |
14.88
|
19.96 |
18.10 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
76.42
|
269.90 |
260.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.20
|
6.52 |
17.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.31 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.42
|
0.84 |
0.68 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.07
|
2.00 |
2.33 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
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 |
Yes |
|
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 |
-- |
|
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 |
CONTINGENT
LIABILITY
Rs. In Millions
|
Particular |
31.03.2011 |
31.03.2011 |
|
Performance Guarantee given by Bank |
|
|
|
Canara Bank |
5.703 |
4.966 |
|
Corporation Bank |
0.987 |
0.000 |
|
Saraswat Bank |
0.047 |
0.355 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U29299MH1997PTC109057 |
|
Name of the
company |
ANATEK SERVICES
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
8, Valmiki Apartments, C S T Road, Kalina, Santacruz (East), Mumbai –
400098, Maharashtra, India |
|
This form is for |
Creation of charge |
|
Type of charge |
· Book debts ·
Movable property (not being pledge) |
|
Particular of
charge holder |
Canara Bank, 112, Jayachamarajendra Road, Bangalore - 560 002, Karnataka, India Branch : Flat No. 310, Kalina-Kurla Road, Kalina, Santacruz
(East), Mumbai - 400029, Maharashtra, India |
|
Nature of
instrument creating charge |
Hypothecation of
Agreement of Goods and Book Debts (for DALC/DPG/Guarantees) dated 26.05.2010. |
|
Date of
instrument Creating the charge |
26.05.2010 |
|
Amount secured by
the charge |
Rs.5.000 Millions
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 17.50 % per
annum. Terms of Repayment Not to exceed 2 years
and claim period up to maximum of 6 months. Margin 25% Extent and Operation of the charge The charge is
operative and created for Rs.5.000 Millions. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
Goods described as HIQ. Columns, Analytical Balance GR 200, GX 200,
automatic CD-polarimeter, moisture
balance model AD4712 etc. and book debts of the company |
Fixed Assets:
·
Office Premises
·
Office Equipments
·
Office Furniture
·
Residential Premises
·
Computer
·
Motor Car
·
Electrical Fittings
WEBSITE DETAILS
MANAGEMENT
Mr. H. G.
Vadhavkar Jt.Managing Director
M.Sc. Analytical Chemistry with hands on experience over 30 years in sales and application field, known in the industry for his lectures and seminars on different analytical techniques such as spectroscopy and chromatography.
Mr. S. S.
Potdar Jt.Managing Director
M. Sc.(electronics) D.M.S. over 30 years of hands on experience in sales / Services of Analytical instruments. Well known in the industry for his regular lectures and seminars on latest developments in Analytical instruments and electronics.
Mr. C. D.
Kale Technical Director
B. Tech. (I.I.T. Mumbai), 35 years of experience in the field of servicing of different Analytical Instruments. Well known in the industry for his expertise in Analytical instrumentation across India.
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.55.36 |
|
|
1 |
Rs.85.64 |
|
Euro |
1 |
Rs.69.12 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
50 |
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.