|
Report Date : |
08.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
NEEM INDIA PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Siddharth Arcade, Opposite M.T.D.C. Railway Station Road, Aurangabad –
431005, Maharashtra |
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|
Country : |
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|
|
|
Financials (as
on) : |
31.03.2012 |
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|
|
|
Date of
Incorporation : |
17.01.2002 |
|
|
|
|
Com. Reg. No.: |
11-134611 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.800 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24210MH2002PTC134611 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKN01368D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturing of Neem
based Organic Manure and Pesticides. |
|
|
|
|
No. of Employees
: |
20 (In office 05 + In Factory 15) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 65196 |
|
|
|
|
Status : |
Satisfactory |
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|
|
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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 – 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 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. Dharmadhikari |
|
Designation : |
HOD Finance and Banking |
|
Date : |
11.03.2012 |
LOCATIONS
|
Registered Office : |
Siddharth Arcade, Opposite M.T.D.C. Railway Station Road, Aurangabad –
431005, Maharashtra, India |
|
Tel. No.: |
91-240-2354912/ 2354913/ 2354914/ 2354915/ 2354916/ 2354917 |
|
Mobile No.: |
91-9422708922 (Mr. Sanjay) |
|
Fax No.: |
91-240-2332111 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
5000sq.fts |
|
Location : |
Owned |
|
|
|
|
Factory : |
J 119, MOBC, Chikha Thana, District Aurangabad, Maharashtra, India |
|
|
|
|
Factory : |
MIDC, Chikal Thana, Aurangabad, Maharashtra, India |
|
Area : |
2800 sq. ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 28.08.2012
|
Name : |
Mr. Ramesh Rodgepatil |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
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|
Address : |
Ho. No.16, Prathmesh Nagari Deolal Road, Aurangabad – 431001,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
04.06.1970 |
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|
Qualification : |
B. Com |
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Date of Appointment : |
17.11.2005 |
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DIN No.: |
00314962 |
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|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sanjay Nalgirkar |
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|
Designation : |
Director |
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|
Address : |
Sucees Regency, New Shrey Nagar, Aurangabad – 431005,, Maharashtra,
India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
10.03.1962 |
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Qualification : |
Mechanical Engineer |
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Date of Appointment : |
01.06.2011 |
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DIN No.: |
00314547 |
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Other Directorship : |
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KEY EXECUTIVES
|
Name : |
Mr. Dharmadhikari |
|
Designation : |
HOD Finance and Banking |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.08.2012
|
Names of Shareholders |
|
No. of Shares |
|
Raghavcendra S. Joshi |
|
20000 |
|
Meena R. Joshi |
|
10000 |
|
Deelip S. Reddy |
|
25000 |
|
Ramesh N. Rodgepatil |
|
115000 |
|
Abhay Sudhakar Pande |
|
70000 |
|
Sudhir Manikrao Laad |
|
10000 |
|
Anil Kashinathrao Bharadkar |
|
10000 |
|
Meghana Badve |
|
10000 |
|
Arvind G. Badve |
|
10000 |
|
Kashinathrao Dharphale |
|
10000 |
|
Pratap Kashinathrao Dharphale |
|
10000 |
|
Navjeevan Tyre Private Limited, India |
|
20000 |
|
Balaji P. Singh |
|
10000 |
|
Shaikh Mahbub Shaikh Aziz |
|
10000 |
|
Tulsiram Shinde |
|
10000 |
|
Sharad Kulkarni |
|
20000 |
|
Kisan Chotmal |
|
10000 |
|
Total |
|
380000 |
AS ON 28.08.2012
Equity Shares Break – Up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
5.00 |
|
Directors or relatives of directors |
|
30.00 |
|
Others |
|
65.00 |
|
|
|
|
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Neem
based Organic Manure and Pesticides. |
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|
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|
Exports : |
|
|
Products : |
Pesticides |
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Countries : |
· Middle Est · Australia |
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Terms : |
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Selling : |
Cash and Cheque, Draft |
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Purchasing : |
Cash and Cheque |
GENERAL INFORMATION
|
Customers : |
Distributors |
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No. of Employees : |
20 (In office 05 + In Factory 15) |
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Bankers : |
Central Bank of India, Kranti Chowk Branch, 111, Samarth Nagar, Near Varad Ganesh Mandir, Aurangabad - 431005, Maharashtra, India |
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|
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Facilities : |
Cash Credit : Rs.25.000 Millions
The working Capital Facility i.e. Cash Credit facility from central
bank of India, Aurangabad branch is secured by hypothecation of stock, all
tangible and intangible assets and book debts along with equitable mortgage
of factory land and building at bokud jalgaon and Guarantee of all the
directors in their personal capacity. |
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Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
Mr. Ashok Patil and Company Chartered Accountant |
|
Address : |
A P Heights, Behind Gopal Cultural Hall, Osmanpura, Aurangabad,
Maharashtra, India |
|
|
|
|
Associates/Subsidiaries : |
· Khadker Hatcheries Private Limited · R J Biotech Private Limited · Maruti Fertochem Limited · Maruti Tiers · Khadkshwari Oil Mail |
CAPITAL STRUCTURE
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Share |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
380000 |
Equity Share |
Rs.10/- each |
Rs.3.800
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
3.800 |
3.800 |
3.800 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
12.499 |
11.029 |
9.477 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
16.299 |
14.829 |
13.277 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
20.375 |
4.900 |
4.035 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
20.375 |
4.900 |
4.035 |
|
|
DEFERRED TAX LIABILITIES |
0.485 |
0.605 |
0.675 |
|
|
|
|
|
|
|
|
TOTAL |
37.159 |
20.334 |
17.987 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
4.988 |
4.424 |
4.865 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
4.793 |
4.793 |
4.280 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
19.427
|
3.949
|
5.501 |
|
|
Sundry Debtors |
4.179
|
2.346
|
3.370 |
|
|
Cash & Bank Balances |
1.782
|
0.775
|
0.644 |
|
|
Other Current Assets |
1.264
|
1.049
|
0.025 |
|
|
Loans & Advances |
3.174
|
4.280
|
0.253 |
|
Total
Current Assets |
29.826
|
12.399
|
9.793 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
0.913
|
0.643
|
0.223 |
|
|
Other Current Liabilities |
0.339
|
0.070
|
0.049 |
|
|
Provisions |
1.196
|
0.569
|
0.698 |
|
Total
Current Liabilities |
2.448
|
1.282
|
0.970 |
|
|
Net Current Assets |
27.378
|
11.117
|
8.823 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.019 |
|
|
|
|
|
|
|
|
TOTAL |
37.159 |
20.334 |
17.987 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
TOTAL INCOME |
24.660 |
17.276 |
15.820 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
22.493 |
14.949 |
13.738 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.167 |
2.327 |
2.082 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.000 |
0.000 |
0.592 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2.167 |
2.327 |
1.490 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.697 |
0.776 |
0.436 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1.470 |
1.551 |
1.054 |
|
Expected Sales (2012-13): Rs.400.000 Millions
The above information has been parted by Mr. Dharmadhikari (HOD Finance and Banking)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
5.96
|
8.98
|
6.66 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.22
|
13.43
|
10.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.16
|
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.25
|
0.33
|
0.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
12.18
|
7.18
|
10.10 |
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 |
No |
|
8] |
No. of employees |
No |
|
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) |
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 |
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 |
OPERATING RESULTS:
The turnover of the company has increased by
8% as compared to last year, the net profit of the company also has increased
by 47% as compared to last year.
FORM 8:
|
Corporate
identity number of the company |
U24210MH2002PTC134611 |
|
Name of the
company |
NEEM INDIA
PRODUCTS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Siddharth
Arcade, Opposite Holiday Camp Station
Road, Aurangabad – 431005, Maharashtra, India |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
90148428 |
|
Type of charge |
Immovable Property Book debts Movable property (not being pledge) |
|
Particular of
charge holder |
Central Bank of
India Samarth Nagar
Branch, Aurangabad – 431005, Maharashtra, India |
|
Nature of
instrument creating charge |
Agreement of
hypothecation to secure demand cash credit against goods. Memorandum of
entry Letter of
continuity |
|
Date of
instrument Creating the charge |
11.07.2011 |
|
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
Interests: BR+1.75% p.a.
with monthly rests Terms of
Repayment: On demand Margin: 25 % for stocks
50 % for book debts Extent and Operations
of the charge: This charge will
be operative till the total loan along with interest; commission charges
expenses etc. repaid by the company. |
|
Particulars of
the property charged |
First charge on
Hypothecation of Stocks of RM/ SIP/ FG/ Hypothecation of Book debts situated
at Gut No. 6 and 7 at Village Bokud Jalgaon, Tq. Paithan, District
Aurangabad. First Charge by
way of Equitable Mortgage on agricultural land at Gat No. 6 and 7, at Village
Bokud Jalgaon, Tq. Paithan, Dist. Aurangabad totally admeasuring 1 hector and
21 R together with building and structures constructed to be constructed
thereon and all fixed plants and machineries and fixtures standing, lying or
being thereon. |
|
Particulars of
the present modification |
Company has
extended existing first charge by way of equitable mortgage on 1 H. 21 R
agricultural land at gut No. 6 and 7, Tq. Paithan, District Aurangabad to
secure enhancement of cash credit limit from Rs.6.000 Millions
to Rs.20.000 Millions. |
FIXED ASSETS:
· Land
· Building
· Plant and Machinery
· Licenses
· Computers
· Computer Software
· Website Development
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.54.88 |
|
|
1 |
Rs.83.54 |
|
Euro |
1 |
Rs.70.90 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYN |
|
|
|
|
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 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.