|
|
|
Country |
|
|
Company Name |
MUDRAKSHI HYTECH INDIA PRIVATE LIMITED |
Principal Name 1 |
Ms. Jyotirmay
Chakraborty |
|
Status |
Satisfactory |
Principal Name 2 |
Ms. Neelam Chakraborty |
|
|
|
Registration # |
55-022498 |
|
Street Address |
294, Mandakini Enclave, Alaknanda, |
||
|
Established Date |
14.11.1985 |
SIC Code |
-- |
|
Telephone# |
91-11-65651307/26278490 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-11-26278490 |
Business Style 2 |
Supplier |
|
Homepage |
Product Name 1 |
Banking Automation Products. |
|
|
# of employees |
Not Available |
Product Name 2 |
- |
|
Paid up capital |
Rs.2,580,000/- |
Product Name 3 |
- |
|
Shareholders |
Directors or
relatives of directors (100%) |
Banking |
Canara Bank |
|
Public Limited Corp. |
No |
Business Period |
27 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
2. Summary Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
88,688,000 |
Current Liabilities |
46,633,000 |
|
Inventories |
9,592,000 |
Long-term Liabilities |
27,886,000 |
|
Fixed Assets |
9,311,000 |
Other Liabilities |
4,200,000 |
|
Deferred Assets |
0,0000 |
Total Liabilities |
78,719,000 |
|
Invest& other Assets |
7,000 |
Retained Earnings |
26,199,000 |
|
|
|
Net Worth |
28,879,000 |
|
Total Assets |
107,598,000 |
Total Liab. & Equity |
107,598,000 |
|
Total Assets (Previous Year) |
79,945,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales (Total Income) |
118,428,000 |
Net Profit |
8,553,000 |
|
Sales(Previous yr) |
85,259,000 |
Net Profit(Prev.yr) |
2,589,000 |
MIRA
INFORM REPORT
|
Report Date : |
26.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
MUDRAKSHI HYTECH INDIA PRIVATE LIMITED (w.e.f.23.02.2010) |
|
|
|
|
Formerly Known
As : |
JAYENN INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
294, Mandakini Enclave, Alaknanda, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
14.11.1985 |
|
|
|
|
Com. Reg. No.: |
55-022498 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs.2.580 Millions |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Supplier of Banking Automation Products. |
|
|
|
|
No. of
Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 115000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
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. 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
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.
LOCATIONS
|
Registered Office : |
294, Mandakini Enclave, Alaknanda, |
|
Tel. No.: |
91-11-65651307/26278490 |
|
Fax No.: |
91-11-26278490 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Hotel Autrim, Suite No. H – 201, |
|
Tel. No.: |
91-129-4196904/5/6 |
|
Fax No.: |
91-129-4196999/4196922/4196911 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Jyotirmoy Chakraborty |
|||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||
|
Address : |
294 – Mandakini Enclave, Greater Kailash II, |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.06.1949 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
07.02.2001 |
|||||||||||||||||||||||||||
|
Din No.: |
01138779 |
|||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Ms. Neelam Chakraborty |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
294 – Mandakini Enclave, Greater Kailash II, |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
18.12.1951 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
14.11.1985 |
|||||||||||||||||||||||||||
|
Din No.: |
01138782 |
|||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Ms. Geetanjali Chakraborty |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
294 – Mandakini Enclave, Greater Kailash II, |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.05.1979 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
03.07.2008 |
|||||||||||||||||||||||||||
|
Din No.: |
02245237 |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Jyotirmoy Chakraborty |
|
16850 |
|
Neelam Chakraborty |
|
8950 |
|
Total |
|
25800 |
AS ON 30.09.2011
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Banking Automation Products. |
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
Canara Bank, 7/48, Malcha Marg Diplomatic Enclave, |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
Rs.
In Millions
Notes: 1. Working Capital facility is secured by a first charge
on stock and book debts, colletral security of the property "294
Mandakini Enclave Alaknanda 2. Vehicle loan are secured by a first charge on the assets financed and guaranteed by the directors 3. Term Loan is secured by personal gurantees of directors 4. Term Loan under Raw material Assistance Scheme is secured by a bank guarantee given by the company and personal gurantees of directors.
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajnish and Associates Chartered Accountants |
|
Address : |
92 and 87, Defence Colony, Fly Over Market, |
|
Tel. No.: |
91-11-24642846/24642847/24692847,41012846 |
|
Fax No.: |
91-11-24602486 |
|
E-Mail : |
|
|
Pan No.: |
AADFR3934P |
|
|
|
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25800 |
Equity Shares |
Rs.100/-
each |
Rs.2.580
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 |
2.580 |
2.580 |
2.580 |
|
|
2] Share Application Money |
0.100 |
0.100 |
0.100 |
|
|
3] Reserves & Surplus |
26.199 |
17.646 |
15.056 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
28.879 |
20.326 |
17.736 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
22.386 |
20.901 |
15.462 |
|
|
2] Unsecured Loans |
5.500 |
5.500 |
4.000 |
|
|
TOTAL BORROWING |
27.886 |
26.401 |
19.462 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.026 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
56.765 |
46.753 |
37.198 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
9.311 |
8.583 |
7.958 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
3.060 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.007 |
0.007 |
0.007 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.073 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
9.592
|
14.663
|
13.800 |
|
|
Sundry Debtors |
61.872
|
26.030
|
24.915 |
|
|
Cash & Bank Balances |
8.612
|
13.096
|
5.923 |
|
|
Other Current Assets |
1.506
|
1.360
|
2.316 |
|
|
Loans & Advances |
16.698
|
16.206
|
12.700 |
|
Total
Current Assets |
98.280
|
71.355 |
59.654 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
24.967
|
16.214
|
16.169 |
|
|
Other Current Liabilities |
21.666
|
14.513
|
15.848 |
|
|
Provisions |
4.200
|
2.465
|
1.537 |
|
Total
Current Liabilities |
50.833
|
33.192 |
33.554 |
|
|
Net Current Assets |
47.447
|
38.163 |
26.100 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
56.765 |
46.753 |
37.198 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
|
|
|
Income |
|
85.259 |
50.474 |
|
|
|
Other Income |
|
15.697 |
16.641 |
|
|
|
TOTAL (A) |
118.428 |
100.956 |
67.115 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
47.186 |
33.026 |
|
|
|
Administration and Other Expenses |
|
20.271 |
12.040 |
|
|
|
Personnel Cost |
|
14.167 |
12.837 |
|
|
|
Selling and Distribution Expenses |
|
4.811 |
2.142 |
|
|
|
TOTAL (B) |
105.701 |
86.435 |
60.045 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
Including
interest and Deprecation |
14.521 |
7.070 |
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
7.776 |
2.498 |
||
|
|
|
|
|
||
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
6.745 |
4.572 |
||
|
|
|
|
|
||
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.591 |
1.792 |
||
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
12.727 |
5.154 |
2.780 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.174 |
2.565 |
1.296 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
8.553 |
2.589 |
1.484 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
17.395 |
14.806 |
13.322 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
25.948 |
17.395 |
14.806 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
284.40 |
100.37 |
57.52 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
7.22 |
2.56
|
2.21 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
6.04
|
5.51 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.83 |
6.45
|
4.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.44 |
0.25
|
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.73 |
2.93
|
2.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.93 |
2.15
|
1.78 |
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Constitution
of the firm |
Yes |
|
Premises
details |
No |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
Yes |
|
No.
of Employees |
No |
|
Name
of Person Contacted |
No |
|
Designation
of contact person |
No |
|
Turnover
of firm for last three years |
Yes |
|
Profitability
for last three years |
Yes |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
No |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
No |
|
Major
Suppliers |
No |
|
Major
Customers |
No |
|
Payment
Terms |
No |
|
Export
/ Import Details [If Applicable] |
No |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
Yes |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
Yes |
|
Incorporation
details, if applicable |
Yes |
|
Last
accounts filed at ROC |
Yes |
|
Major
Shareholders, if applicable |
Yes |
|
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
PAN
of Proprietor/Partner/Director, if available |
No |
|
Voter
ID No of Proprietor/Partner/Director, if available |
No |
|
External Agency
Rating, if available |
No |
Contingent
Liabilities:
Guarantees
issued by banks on behalf of the company: Rs.20.789 Millions
FORM 8
|
Corporate
identity number of the company |
U74899DL1985PTC022498 |
|
Name of the
company |
MUDRAKSHI HYTECH
INDIA PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
294, Mandakani Enclave, Alaknanda, Email Id : rajnishca@vsnl.com |
|
This form is for |
Modification of
charge |
|
Type of charge |
Book debts Movable property Floating charge Others |
|
Particular of
charge holder |
Canara Bank,
Diplomatic Enclave, Email Id : shahjindia@gmail.com |
|
Nature of
instrument creating charge |
Hypothecation of
goods and book debts and supplemental collateral security agreement |
|
Date of
instrument Creating the charge |
29.01.2010 |
|
Amount secured by
the charge |
Rs.20.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Rate of Interest
@ 17.50% p.a. or as may be specified by the bank from time to time Terms of repayment On demand Margin 15% Extent and operation of the charge 100% Other The above is to secure BG Limit of Rs.20.000 Millions |
|
Short particulars
of the property charged (Including location of the property) |
First charge on all
the stocks and book debts both present and future collateral security of all
the plant and machineries |
|
Particulars of
the present modification |
Extent of
operation of charge over first charge on all the stocks and book debts both
present and future. Collateral security of all the plant and machineries
stands enhanced from Rs.14.000 Millions to Rs.20.000 Millions for BG Limit.
Other terms and condition remain the same. |
FIXED ASSETS
·
Air Conditioner
·
Building (Office) 1
·
Building (Office) 2
·
Car (Head Office)
·
Carpet
·
Television
·
Cooler
·
Computer Software
·
Office Equipment
·
Fax Machine
·
Currency Counting Machine
·
R & D Equipment
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 errorist 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.53.53 |
|
|
1 |
Rs.86.92 |
|
Euro |
1 |
Rs.69.03 |
INFORMATION DETAILS
|
Report Prepared
by : |
BYI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.