|
Report Date : |
25.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
VIDYA LAMINATORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
112/236, Swaroop Nagar, Kanpur-208002, Uttar Pradesh |
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Country : |
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|
|
Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
28.04.1992 |
|
|
|
|
Com. Reg. No.: |
20-014305 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs.35.780
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25202UP1992PTC014305 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of High Quality Packaging Materials. |
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|
|
|
No. of Employees
: |
100 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 270000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
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 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. Srivastav |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9919100722 |
|
Date : |
23.05.2012 |
LOCATIONS
|
Registered Office : |
112/236, Swaroop Nagar, Kanpur-208002, Uttar Pradesh, India |
|
Tel. No.: |
91-512-2531810 |
|
Mobile No.: |
91-9919100722 [Mr. Srivastav] |
|
Fax No.: |
91-512-2532382 |
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E-Mail : |
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|
Website : |
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|
Area : |
2000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
D-12 and 13, Panki Industrial Area, Site II, Kanpur-208022, Uttar
Pradesh, India |
|
Tel. No.: |
91-512-2531810/3020436/2692126/3294646 |
|
Fax No.: |
91-512-2532382 |
|
Area : |
6000 Sq. ft. |
DIRECTORS
As on 30.07.2011
|
Name : |
Mr. Brijesh Awasthi |
|
Designation : |
Managing Director |
|
Address : |
112/236, Swaroop Nagar, Kanpur-208002, Uttar Pradesh, India |
|
Date of Birth/Age : |
01.07.1958 |
|
Date of Appointment : |
28.04.1992 |
|
Din No.: |
00378915 |
|
|
|
|
Name : |
Mr. Avadhesh Awasthi |
|
Designation : |
Director |
|
Address : |
112/236, Swaroop Nagar, Kanpur-208002, Uttar Pradesh, India |
|
Date of Birth/Age : |
09.04.1961 |
|
Date of Appointment : |
28.04.1992 |
|
Din No.: |
00378918 |
|
|
|
|
Name : |
Mr. Mukesh Awasthi |
|
Designation : |
Director |
|
Address : |
112/236, Swaroop Nagar, Kanpur-208002, Uttar Pradesh, India |
|
Date of Birth/Age : |
10.01.1967 |
|
Date of Appointment : |
30.09.1993 |
|
Din No.: |
00378924 |
KEY EXECUTIVES
|
Name : |
Mr. Srivastav |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.07.2011
|
Names of Shareholders |
|
No. of Shares |
|
Brijesh Awasthi |
|
821664 |
|
Avadhesh Awasthi |
|
951264 |
|
Mukesh Awasthi |
|
473472 |
|
Aparna Awasthi |
|
324000 |
|
Rita Awasthi |
|
324000 |
|
Archana Awasthi |
|
259200 |
|
Brijesh Awasthi HUF |
|
99360 |
|
Avadhesh Awasthi HUF |
|
138240 |
|
Mukesh Awasthi HUF |
|
95040 |
|
Brijesh Anmol Awasthi HUF |
|
30240 |
|
Avadhesh Rita Awasthi HUF |
|
30240 |
|
Prakharsajal Mukesh Awasthi HUF |
|
30240 |
|
Shilpi Awasthi |
|
1000 |
|
|
|
|
|
Total |
|
3577960 |
As on 30.07.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of High Quality Packaging Materials. |
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Products : |
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Exports : |
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Products : |
Packaging Materials |
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Countries : |
·
Nepal ·
Qatar ·
Turkey |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
Qatar |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Actual
Production [Qty.
Kgs.] |
|
Poly Coated Paper and Other Laminated Paper |
1278219.90 |
|
Flexible Lam Roll |
83325.40 |
|
Printed Pouch |
71987.55 |
|
Paper and Paper Board Wastage |
122145.00 |
GENERAL INFORMATION
|
Suppliers : |
DIC India Limited |
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Customers : |
Wholesalers and End Users ·
K.K. Detergent, Hyderabad |
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No. of Employees : |
100 [Approximately] |
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Bankers : |
Canara Bank, Swaroop Nagar, Kanpur-208002, Uttar Pradesh, India |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Govind and Associates Chartered Accountants |
|
Address : |
3, Asthana Business Centre, 113/207, Swaroop Nagar, Kanpur-208002,
Uttar Pradesh, India |
|
Pan No.: |
AAEFG7094A |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3577960 |
Equity Shares |
Rs.10/- each |
Rs.35.780
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 |
35.780 |
35.770 |
29.808 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
33.910 |
23.660 |
18.066 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
69.690 |
59.430 |
47.874 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
6.727 |
1.676 |
8.222 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
2.875 |
|
|
TOTAL BORROWING |
6.727 |
1.676 |
11.097 |
|
|
DEFERRED TAX LIABILITIES |
2.758 |
2.383 |
2.252 |
|
|
|
|
|
|
|
|
TOTAL |
79.175 |
63.489 |
61.223 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
43.377 |
34.983 |
33.949 |
|
|
Capital work-in-progress |
0.808 |
0.000 |
0.044 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.041 |
0.040 |
1.353 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
21.040
|
17.636 |
18.945 |
|
|
Sundry Debtors |
17.895
|
14.523 |
13.954 |
|
|
Cash & Bank Balances |
1.182
|
0.277 |
2.003 |
|
|
Other Current Assets |
1.831
|
1.612 |
0.933 |
|
|
Loans & Advances |
5.508
|
11.398 |
5.733 |
|
Total
Current Assets |
47.456
|
45.446 |
41.568 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
6.576
|
5.911 |
10.493 |
|
|
Other Current Liabilities |
1.025
|
1.237 |
1.002 |
|
|
Provisions |
4.981
|
9.957 |
4.271 |
|
Total
Current Liabilities |
12.582
|
17.105 |
15.766 |
|
|
Net Current Assets |
34.874
|
28.341 |
25.802 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.075 |
0.125 |
0.075 |
|
|
|
|
|
|
|
|
TOTAL |
79.175 |
63.489 |
61.223 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
|
|
TURNOVER |
198.420 |
196.151 |
164.384 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
17.794 |
20.119 |
7.855 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.861 |
2.000 |
1.963 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
15.933 |
18.119 |
5.892 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
5.363 |
6.182 |
2.257 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
10.570 |
11.937 |
3.635 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
12.965 |
6.989 |
23.832 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
5.961 |
20.478 |
|
|
BALANCE CARRIED
TO THE B/S |
23.535 |
12.965 |
6.989 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
2.95 |
3.84 |
-- |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover [Approximately] |
|
|
250.000 |
Expected Sales (2012-13) : Rs.300.000 Millions.
The above information has been parted by Mr. Srivastav.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
8.03
|
9.23 |
3.58 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.54
|
22.53 |
7.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.30 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.27
|
0.32 |
0.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.77
|
2.66 |
2.64 |
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 |
Yes |
|
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 |
Yes |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
No |
|
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 |
REVIEW OF OPERATIONS:
The company was able to achieve a turnover of
Rs.198.420 millions during the year as compared to Rs.196.151 millions in the
preceding financial year and also achieved net profit before taxes Rs.15.933 millions
as against profit of Rs.18.119 million in preceding financial year. The
directors think for the better results in the coming years.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
90279617 |
|
Corporate
identity number of the company |
U25202UP1992PTC014305 |
|
Name of the
company |
VIDYA LAMINATORS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
112/236, Swaroop Nagar, Kanpur-208002, Uttar Pradesh, India |
|
Type of charge |
Book Debts Movable Property
[not being pledge] Immovable
Property |
|
Particular of
charge holder |
Canara Bank, Swaroop Nagar, Kanpur-208002, Uttar Pradesh, India |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
Common hypothecation
agreement dated 31.03.2011 for enhancement of OCC limit from Rs. 2.500
millions to Rs. 9.900 millions including sub limit of Rs. 4.000 millions
against book debts and FLC limit Rs. 4.000 millions aggregating to Rs. 13.900
millions |
|
Date of
instrument Creating the charge |
31.03.2011 |
|
Amount secured by
the charge |
Rs.13.900
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Base Rate + 2.50%
Per Annum (Presently 12% Per Annum) Terms of
Repayment Same as old Margin OCC- 25%, Book
Debts-50%, FLC-10% Extent and
Operation of the charge As per common
hypothecation agreement dated 31.03.2011 |
|
Short particulars
of the property charged |
Hypothecation of
stock of raw material , stock-in-process and finished goods Hypothecation of
book debts EMT of land and
building of the factory in the name of the company situated at D-13, Panki
Industrial Area, Site II, Kanpur |
|
Date of latest modification
prior to the present modification |
06.08.2004 |
|
Particulars of
the present modification |
OCC limit
increased from Rs. 2.500 millions to Rs. 9.900 millions including sub limit
of Rs. 4.000 millions against book debts and foreign letter limit Rs. 4.000
millions aggregating to Rs. 13.900 millions. |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Electric Installation
·
Air Conditioner
·
Computer
·
Vehicles
·
Generator
·
Transformers
·
Office Equipments
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.56.29 |
|
|
1 |
Rs.88.25 |
|
Euro |
1 |
Rs.70.82 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
46 |
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.