MIRA
INFORM REPORT
|
Report Date : |
07.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
TUBE TECH COPPER AND ALLOYS PRIVATE LIMITED |
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Formerly Known
As : |
TUBE TECH INDUSTRIES |
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Registered
Office : |
Plot No. 37, Dandekar Industrial Estate, Old Satpati Road, Shirgaon,
Palghar, Thane – 401407, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
17.12.2007 |
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Com. Reg. No.: |
11-176851 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100
Million |
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CIN No.: [Company Identification
No.] |
U27201MH2007PTC176851 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Copper tubes, Copper Alloy Tubes, Fin
tubes and Copper Coils etc. |
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No. of Employees
: |
42 (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 |
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Maximum Credit Limit : |
USD 9900 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject was established in the year 2005 as a proprietory concern as ‘Tube
Tech Industries’ and later in 2007 got converted into a private company. Subject is an established company having moderate track. The financial
position of the company is improving. However, trade relations are reported as fair. Business is active.
Payments are reported as slow but correct. The company can be considered for business dealings with some
caution. |
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) |
|
|
A1 |
A1 |
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Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
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. Amit Dubey |
|
Designation : |
Director |
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Contact No.: |
91-8007619524 |
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Date : |
04.09.2012 |
LOCATIONS
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Registered Office/ Factory : |
Plot No. 37, Dandekar Industrial Estate, Old Satpati Road, Shirgaon,
Palghar, Thane – 401407, Maharashtra, India |
|
Tel. No.: |
91-2525-240602/ 632 |
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Mobile No.: |
91-9322157397 (Mr. Ajit) |
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Fax No.: |
91-2525-240632 |
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E-Mail : |
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Website : |
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Area : |
17000 Sq. ft. |
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Location : |
Owned |
DIRECTORS
AS ON 29.09.2011
|
Name : |
Mr. Ajitkumar Shivkumar Dubey |
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Designation : |
Director |
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Address : |
B-201, Happy Home Apartment, Palghar, Thane – 401104, Maharashtra,
India |
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Date of Birth/Age : |
01.12.1971 |
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Date of Appointment : |
17.12.2007 |
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DIN No.: |
01252525 |
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Name : |
Ms. Pratima Ajit Dubey |
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Designation : |
Director |
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Address : |
B-201, Happy Home Apartment, Palghar, Thane – 401104, Maharashtra,
India |
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Date of Birth/Age : |
29.05.1975 |
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Date of Appointment : |
17.12.2007 |
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DIN No.: |
01604189 |
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Name : |
Mr. Amit Dubey |
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Designation : |
Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2011
|
Names of Shareholders |
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No. of Shares |
|
Ajitkumar Shivkumar Dubey |
|
500 |
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Pratima Ajit Dubey |
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500 |
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Total |
|
1000 |
AS ON 29.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
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Directors
or relatives of directors |
|
100.00 |
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Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Copper tubes, Copper Alloy Tubes, Fin
tubes and Copper Coils etc. |
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Exports : |
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Products : |
Ř Copper tubes Ř Copper alloy
tubes Ř Fin Tubes and
Copper Fittings Ř Cupro Nickel
Tubes Ř Brass Tubes Ř Copper Coils Ř Copper Fittings Ř Fin Tubes |
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Countries : |
Ř Egypt Ř Israel Ř Dubai |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
Ř
RHJ Tubes Private
Limited Ř
Jaydeep Tube Private
Limited Ř
Aditya Packaging Ř
Arun Die Works Ř
BSNL Ř
Gandhi Enterprises Ř
Geo-Chem Laboratory
Private Limited Ř
Godrej and Boyce
Manufacturing Company Limited Ř
Halcyon Electricals Ř
Hinglaj Metal and
Alloys Private Limited Ř
Indigo Metalloys
Private Limited Ř
Jagnath Extrusion India
Limited Ř
Kiran Engineering
Company Ř
Mahalaxmi Chemicals Ř
Jolly Technology Ř
Noble Industries |
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Customers : |
End Users Ř
Kirloskar Pneumetic
Company Limited Ř United Heat Transfer Private Limited Ř Shreem Electric Limited Ř Shree Refrigeration Private Limited Ř Sans Pariel Engineering Private Limited Ř Rohini Aircon Private Limited Ř Raj Fabricators Private Limited Ř Premier Engineering Ř Oxyplants India Private Limited Ř Noble Industries Ř Teccon Services Private Limited Ř Trident Pnuematics Private Limited Ř Yantra Shilpa Technologies Private Limited Ř Vinayaka Enterprises Ř Vardhishnu Engineering Private Limited |
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No. of Employees : |
42 (Approximately) |
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Bankers : |
Vijaya Bank, Palghar Branch, Gokuldham Shopping Centre, mahim Road,
Thane – 401404, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Deepak D Agrawal and Associates Chartered Accountants |
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Address : |
6/ A, Ambica Darshan, C.P. Road, Kandivali East, Mumbai – 400101,
Maharashtra, India |
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Tel. No.: |
91-22-28856963 |
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Mobile No.: |
91-9820457954 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAHPA0263C |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000 |
Equity Shares |
Rs. 100/- each |
Rs. 0.500 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
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|
1,000 |
Equity Share |
Rs. 100/- each |
Rs. 0.100
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
2.393 |
2.188 |
2.038 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
2.493 |
2.288 |
2.138 |
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LOAN FUNDS |
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1] Secured Loans |
1.893 |
2.502 |
3.004 |
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2] Unsecured Loans |
0.042 |
0.000 |
0.000 |
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TOTAL BORROWING |
1.935 |
2.502 |
3.005 |
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DEFERRED TAX LIABILITIES |
0.025 |
0.025 |
0.021 |
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TOTAL |
4.453 |
4.815 |
5.163 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
5.154 |
5.737 |
5.522 |
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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 |
|
|
|
|
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Inventories |
4.468
|
3.767 |
3.678 |
|
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Sundry Debtors |
8.566
|
6.971 |
8.278 |
|
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Cash & Bank Balances |
0.491
|
0.773 |
0.281 |
|
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Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.704
|
0.574 |
0.593 |
|
Total
Current Assets |
14.229
|
12.085 |
12.830 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
6.549
|
6.128 |
4.891 |
|
|
Other Current Liabilities |
8.198
|
6.722 |
8.186 |
|
|
Provisions |
0.193
|
0.167 |
0.127 |
|
Total
Current Liabilities |
14.940
|
13.017 |
13.204 |
|
|
Net Current Assets |
(0.711)
|
(0.932) |
(0.374) |
|
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|
|
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|
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MISCELLANEOUS EXPENSES |
0.010 |
0.010 |
0.015 |
|
|
|
|
|
|
|
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TOTAL |
4.453 |
4.815 |
5.163 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
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TOTAL |
|
|
38.718 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
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|
|
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Administrative Expenses |
|
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Advertising Expenses |
|
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TOTAL |
|
|
38.506 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
|
0.212 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.007 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
|
|
0.205 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
Nil |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
40.000 |
|
|
|
|
|
Expected Sales ( 2012-2013 ) : Rs. 50.000 Millions
The above information has been parted by Mr. Amit Dube (Director)
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.53 |
N.A. |
N.A. |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.09 |
N.A. |
N.A. |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
N.A. |
N.A. |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.77 |
6.78 |
7.58 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.95 |
0.93 |
0.97 |
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 |
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
one years |
Yes |
|
12] |
Profitability for last
one 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 |
No |
|
18] |
Major customers |
No |
|
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 |
GENERAL REVIEW:
The company’s performance was not satisfactory during the year. The
company could not achieve its turnover as well it could not achieve its target
of Net Profit. The company shall be able to achieve its target of Net Profit in
the year to come. The future of the company seems to be bright.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U27201MH2007PTC176851 |
|
Name of the
company |
TUBE TECH COPPER
AND ALLOYS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
Plot No. 37,
Dandekar Industrial Estate, Old Satpati Road, Shirgaon, Palghar, Thane -
401407, Maharashtra, India Email ID: sales@indiacopper.com
|
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10119571 |
|
Type of charge |
Immovable property Book Debts Movable Property Others (Stocks of Copper Tube, Copper Coil.) |
|
Particular of
charge holder |
Vijaya Bank,
Palghar Branch, Gokuldham Shopping Centre, Mahim Road, Thane – 401404,
Maharashtra, India Email ID: sancheti.associates@gmail.com
|
|
Nature of
description of the instrument creating or modifying the charge |
Supplementary
Agreement Memorandum of
Entry for creation of EMTD by way of constructive delivery. |
|
Date of
instrument Creating the charge |
09.03.2012 |
|
Amount secured by
the charge |
Rs. 12.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest BR+4.85% floating
p.a. i.e. 15.50% p.a. subject to RBI/ HO guidelines/Bank's stipulations from
time to time. Terms of Repayment Working Capital
facility is for a period of one year from the date of sanction, subject to
stipulation by the Bank from time to time. Margin 25% on stock 50% on Book Debts Subject to
stipulation by the Bank from time to time. Extent and Operation of the charge First Charge Others Additional penal
interest @ 2% p.a. in case of default. Subject to stipulation by the Bank
from time to time. |
|
Short particulars
of the property charged |
The whole of the
Borrowers Present and Future Stocks of raw materials, finished, semi finished
goods and articles such as Copper tubes, Copper coils, Copper Alloys
tubes, etc. stored at Plot No.37,
Dandekar Industrial Estate, Old Satpati Road, Palghar, District - Thane. All the Borrowers
Present and Future Book Debts, Receivables, Claims, Bills, Outstanding Monies
etc. Mortgage of
residential flat No. B201, 2nd Floor, at Building known as Happy Home CHS
Limited, Palghar, District Thane,
admeasuring 550 Sq. Ft. owned by Ajit Kumar S. Dubey and Mrs. Pratima
Ajit Dubey. EMTD of Plot
No.37, Gut No. 984 part, Dandeker Industrial Estate, Village Shirgaon,
Satpati Raod, Palghar, District Thane, admeasuring area 1675 sq. mtrs |
|
Date of latest
modification prior to the present modification |
31.03.2009 |
|
Particulars of
the present modification |
By this mod. the
CC(H) Limit enhanced to Rs. 12.000 Millions with sub-limit against Book
Debts, secured by entire continuting
securities of hypothecation of stocks, B/D, P/M etc. stored at No.-37,
Dandeker Industrial Estate, and EMTD of its Residential Flat no.B-201, Happy
Home Apartment and Industrial Plot No.-37, Dandeker Estate both at Palghar,
and EMTD of Plot No. 1, Sy. No. 104,Hissa No.1A(p), Tembhode Village, Taluka
Palghar, Dist Thane, alongwith other
continuing existing securities. |
TRADE REFERENCES:
Ř
RHJ Tubes Private Limited
Ř
Jaydeep Tube Private
Limited
Ř
Kirloskar Lumetic Company
Limited
Ř
United Heat Transfer
Private Limited
FIXED ASSETS:
Ř
Plant and Machinery
Ř
Electricity Fitting
Ř
Motor Car
Ř
Handy Camera
Ř
Computer
Ř
Land
Ř
Land and Building
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. 55.97 |
|
|
1 |
Rs. 89.02 |
|
Euro |
1 |
Rs. 70.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--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 |
|
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.