MIRA
INFORM REPORT
|
Report Date : |
27.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
MANMAN MANUFACTURING COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1157, Sadashiv Peth, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
18.10.2000 |
|
|
|
|
Com. Reg. No.: |
25-15449 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.2.500 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909PN2000PTC015449 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEM08200D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCM0589J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Surgical Instruments, Engineering
Equipment and Bone Drill. |
|
|
|
|
No. of Employees : |
Not Divulged |
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 76344 |
|
|
|
|
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 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 – 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 |
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 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 DECLINED BY
Management Non Co-operative (Name Not Disclosed)
LOCATIONS
|
Registered Office/Factory : |
1157, Sadashiv Peth, |
|
Tel. No.: |
91-20-24477578 / 24450189 |
|
Mobile No.: |
91-9822080030 (Mr. Madhukar Gokhale) |
|
Fax No.: |
91-20-24476213 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Madhukar Gokhale |
|
Designation : |
Chairman-cum-Managing Director |
|
Address : |
1157, Sadashiv Peth, |
|
Date of Birth/Age : |
22.10.1940 |
|
Date of Appointment : |
18.10.2000 |
|
DIN No.: |
00385981 |
|
|
|
|
Name : |
Mrs. Madhuri Gokhale |
|
Designation : |
Director |
|
Address : |
1157, Sadashiv Peth, |
|
Date of Birth/Age : |
01.08.1942 |
|
Date of Appointment : |
18.10.2000 |
|
DIN No.: |
00385877 |
|
|
|
|
Name : |
Ms. Swamini Gokhale |
|
Designation : |
Director |
|
Address : |
1157, Sadashiv Peth, |
|
Date of Birth/Age : |
11.04.1973 |
|
Date of Appointment : |
18.10.2000 |
|
DIN No.: |
00386150 |
|
|
|
|
Name : |
Mr. Sudhir Gokhale |
|
Designation : |
Director |
|
Address : |
1157, Sadashiv Peth, |
|
Date of Birth/Age : |
26.03.1950 |
|
Date of Appointment : |
18.10.2000 |
|
DIN No.: |
00387680 |
|
|
|
|
Name : |
Ms. Radhika Datye |
|
Designation : |
Director |
|
Address : |
D23/ 24, Madhaushree Society, |
|
Date of Birth/Age : |
04.12.1965 |
|
Date of Appointment : |
18.10.2000 |
|
DIN No.: |
00393135 |
Other Directorship
|
S.No. |
CIN |
Name of the Company |
Current designation of the
director |
Date of appointment at
current designation |
Original date of
appointment |
Company Status |
Defaulting status |
|
1 |
U51909PN2000PTC015449 |
Manman Manufacturing
Company Private Limited |
Director |
18-10-00 |
18-10-00 |
Active |
NO |
|
2 |
U29299PN2001PTC016074 |
Deepnanda Technologies
Private Limited |
Director |
12-04-01 |
12-04-01 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Madhukar Gokhale |
|
30000 |
|
Madhuri Gokhale |
|
30000 |
|
Swamini Gokhale |
|
30000 |
|
Sudhir Gokhale |
|
30000 |
|
Radhika Datye |
|
30000 |
|
Total |
|
150000 |
PREFERENCE SHARES AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Madhukar Gokhale |
|
20000 |
|
Madhuri Gokhale |
|
20000 |
|
Swamini Gokhale |
|
20000 |
|
Sudhir Gokhale |
|
20000 |
|
Radhika Datye |
|
20000 |
|
Total |
|
100000 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Surgical Instruments, Engineering
Equipment and Bone Drill. |
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Electric Equipments |
Not ascertained |
Not ascertained |
Since various type of electronic Equipment are manufactured, quantity
Not ascertained |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
Bank of Maharashtra, Deccan Gymkhana Branch, Jangali Maharaj Road,
Pune – 411 004, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sachin Ambedkar Chartered Accountant |
|
Address : |
1821, Sadashiv Peth, Pune – 411 030, |
|
Tel. No.: |
91-20-24478724 (O) / 24478735 (R) |
|
Fax No.: |
91-20-24476173 |
|
E-Mail : |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
150000 |
Equity Shares |
Rs.10/- each |
Rs.1.500 millions |
|
100000 |
10% Non Cumulative Redeemable Preference Shares |
Rs.10/- each |
Rs.1.000 millions |
|
|
Total |
|
Rs.2.500
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
150000 |
Equity Shares |
Rs.10/- each |
Rs.1.500 millions |
|
100000 |
Preference Shares |
Rs.10/- each |
Rs.1.000 millions |
|
|
Total |
|
Rs.2.500
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 |
2.500 |
2.500 |
2.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
16.586 |
13.475 |
10.432 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
19.086 |
15.975 |
12.932 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
19.434 |
12.278 |
12.053 |
|
|
2] Unsecured Loans |
6.035 |
5.145 |
5.245 |
|
|
TOTAL BORROWING |
25.469 |
17.423 |
17.298 |
|
|
DEFERRED TAX LIABILITIES |
0.276 |
0.223 |
0.117 |
|
|
|
|
|
|
|
|
TOTAL |
44.831 |
33.621 |
30.347 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
16.448 |
15.303 |
16.474 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
2.028 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.165 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
17.334
|
5.188
|
3.438
|
|
|
Sundry Debtors |
21.134
|
17.036
|
16.375
|
|
|
Cash & Bank Balances |
0.412
|
0.476
|
0.291
|
|
|
Other Current Assets |
4.590
|
3.610
|
2.284
|
|
|
Loans & Advances |
2.869
|
1.485
|
1.733
|
|
Total
Current Assets |
46.339
|
27.795
|
24.121
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
6.881
|
4.962
|
|
|
|
Other Current Liabilities |
8.907
|
4.821
|
|
|
|
Provisions |
2.174
|
1.731
|
3.377
|
|
Total
Current Liabilities |
17.962
|
11.514
|
10.426
|
|
|
Net Current Assets |
28.377
|
16.281
|
13.695
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.006 |
0.009 |
0.013 |
|
|
|
|
|
|
|
|
TOTAL |
44.831 |
33.621 |
30.347 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
52.400 |
50.827 |
42.419 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
47.630 |
|
38.365 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
47.630 |
46.624 |
38.365 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
4.818 |
4.203 |
4.054 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
0.942 |
1.190 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
32.00 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.68
|
9.75
|
9.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25
|
0.26
|
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.28
|
1.81
|
2.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.58
|
2.41
|
2.31 |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
No |
|
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 |
FORM 8
|
Corporate identity number of the company |
U51909PN2000PTC015449 |
|
Name of the company |
MANMAN MANUFACTURING COMPANY PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in |
1157, Sadashiv Peth, |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10339687 |
|
Type of charge |
Immovable property |
|
Particular of charge holder |
Bank of Deccan Gymkhana Branch, |
|
Nature of description of the instrument creating or modifying the
charge |
Memorandum of record of equitable mortgage |
|
Date of instrument Creating the charge |
08.02.2012 |
|
Amount secured by the charge |
Rs.3.000 millions |
|
Brief particulars of the principal terms an conditions and extent and
operation of the charge |
Rate of interest Base Rate +3% presently 13.70% as per credit Risk Rating 'AAA' as on
31.03.2011 Terms of repayment Rs.0.050 Millions- + interest as and when applied for 60 months w.e.f.
March 2012. Margin 33% minimum in bank's favour Extent and operation of the charge First Charge on Mortgaged Property in favour of Bank Others (Rs. in millions) Term Loan of Rs.3.000 Millions |
|
Short particulars of the property charged |
Part I: All those freehold pieces and parcels of land situated being
and lying at Plot No. S.No. 47/30/1, Parvati, Pune-Satara Road, Pune 411009,
Tal Haveli CTS No.3703 S.No.47 admg 5861.5 Sq.ft. i.e. 544.50 sq. mtrs. and
construction thereon on 1800 sq.ft. together with all structures now standing
thereon and to be constructed thereon.
Part-II: Gala No.7 admg an area of 600 Sq.Ft. on the 1st floor of the
building known as Suprim Industrial Estate, S.No.49/1, Parvati, Pune-Satara
Road, Pune 411009 Dist Pune Tal Haveli together with the rights for all
common areas and facilities and fixtures and fittings annexed thereto.
Part-III-
Gala No.8 admg. an area of 600 sq.ft. on the 1st floor of the building known as Suprim
Industrial Estate. S.NO.49/1, Parvati, Pune-Satara Road, Pune 411009 Dist
Pune, Taluka Haveli. together with the rights for all common areas and
facilities and fixtures and fittings annexed thereto. Part-IV : Gala No.9
admg an area of 600 sq.ft. on the 1st floor of the building known as Suprim
Industrial Estate, S.No. 49/1, Paravti, Pune-Satara Road, Pune 411009, Dist
Pune, Taluka Haveli. together with the rights for all common areas and
facilities and fixtures and fittings annexed thereto. |
|
Particulars of the present modification |
Vide this modification the company has extended security of its
immovable property and immovable property of three directors to cover the limits of Rs.3.000 Millions |
FIXED ASSETS
·
Land
·
Factory Shed
·
Plant and Machinery
·
Dyes and Moulds
·
Electrical Fittings
·
Office Equipment
·
Computer
·
Furniture
·
Measuring Tools
·
Generator
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 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.53.58 |
|
|
1 |
Rs.86.60 |
|
Euro |
1 |
Rs.68.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
|
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.