MIRA
INFORM REPORT
|
Report Date : |
09.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
PARTH FOILS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
426, 4th
Floor, Diamond Industrial Estate, Ketki Pada, Near |
|
|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
02.09.2008 |
|
|
|
|
Com. Reg. No.: |
11-186434 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.25.334
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36900MH2008PTC186434 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Flexible Packaging, Aluminium Foils, PVC
Films, Corrugated Packing etc. |
|
|
|
|
No. of Employees
: |
355 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (16) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Unknown |
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|
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The
latest financials of the company are not made available. Mr. Praful, Senior
Accountant has provided general information but denied to disclose any
financial details to us. As per previous year’s record, there appears huge external borrowings
recorded by the company and it had incurred loss from its operations. However, business is active. Payment terms are unknown. The company can be considered for business dealings on a safe and secured
trade terms and conditions. NOTE: Due to
technical error in the government sites, we hereby provide you the report
with available details and we would provide you with a on the same company as
soon as we get the additional information. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
D [Long term / Short Term] |
|
Rating Explanation |
Default |
|
Date |
10.10.2012 |
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. Praful |
|
Designation : |
Senior Accountant |
|
Contact No.: |
91-22-28970897 |
|
Date : |
08.02.2013 |
LOCATIONS
|
Registered Office : |
426, 4th
Floor, Diamond Industrial Estate, Ketki Pada, Near |
|
Tel. No.: |
91-22-28970897 |
|
Fax No.: |
91-22-28970626 |
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E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Survey No.98/1/1, Village: Silli, Silvassa – 396 230, Dadra and |
|
Location : |
Owned |
|
|
|
|
Factory 2/ Branch Office : |
Plot No.1781/2, Village |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Partha Pritam Dutta |
|
Designation : |
Director |
|
Address : |
805, |
|
Date of Birth/Age : |
10.04.1965 |
|
Qualification : |
B.Sc., Diploma
in Printing Technology |
|
Experience : |
25 Years |
|
Date of Appointment : |
02.09.2008 |
|
DIN No.: |
00765336 |
|
|
|
|
Name : |
Mrs. Hema Partha Dutta |
|
Designation : |
Director |
|
Address : |
805, |
|
Date of Birth/Age : |
05.08.1967 |
|
Date of Appointment : |
22.06.2010 |
|
DIN No.: |
01299276 |
KEY EXECUTIVES
|
Name : |
Mr. Praful |
|
Designation : |
Senior Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names Of Shareholders |
|
No. Of Shares |
|
Partha Pritam Dutta |
|
875000 |
|
Hema Partha Dutta |
|
875000 |
|
Aarika Steels
and Metal Private Limited, |
|
31250 |
|
Caci Mercantile
Private Limited, |
|
46875 |
|
Sonal
International Limited, |
|
31250 |
|
Dynachem
Pharmaceuticals (Exports) Limited, |
|
31250 |
|
Sonal Cosmetics
(Exports) Limited, |
|
31250 |
|
Jagdamba Complex
Private Limited, |
|
15625 |
|
Mars
International Limited, UAE |
|
439762 |
|
Safford
Merchantile Private Limited, |
|
15625 |
|
Raw Gold
Securities Private Limited, |
|
46875 |
|
Pashupati
Enclave Private Limited, |
|
15625 |
|
Nihal
Merchantile Private Limited, |
|
15625 |
|
Radhe Krishna
Chemicals and Minerals Private Limited, |
|
31250 |
|
Luxer Properties
Private Limited, |
|
17500 |
|
Shashikant Girjashankar Meshta |
|
7375 |
|
Sushma Shashikant Meshta |
|
6250 |
|
|
|
|
|
TOTAL |
|
2533387 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
17.36 |
|
Bodies
corporate |
|
13.02 |
|
Directors
or relatives of directors |
|
69.08 |
|
Other
top fifty shareholders |
|
0.54 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Flexible Packaging, Aluminium Foils, PVC
Films, Corrugated Packing etc. |
|
|
|
|
Exports : |
|
|
Products : |
v
Flexible Packaging v
Aluminium Foils v
PVC Films v
Corrugated Packing etc. |
|
Countries : |
v
v
|
|
|
|
|
Terms : |
|
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Selling : |
Credit (30 and 90 days) |
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|
|
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Purchasing : |
Credit (30 and 90 days) |
GENERAL INFORMATION
|
Customers : |
Others [Manufacturer] |
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No. of Employees : |
355 (Approximately) |
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Bankers : |
v State Bank of
India, Commercial Branch, N.G.N. Vaidya Marg, Horniman Circle, Fort, Mumbai –
400 023, Maharashtra, India v State Bank of v HDFC Bank
Limited |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Vivek R. Agarwal and Company Chartered Accountants |
|
Address : |
1, New |
|
Tel. No.: |
91-22-28756553/ 28712585 |
|
Income-tax
PAN of auditor or auditor's firm : |
AABPA2163M |
CAPITAL STRUCTURE
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2533387 |
Equity Shares |
Rs.10/- each |
Rs.25.334
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 |
25.334 |
19.908 |
10.000 |
|
|
2] Share Application Money – Pending Allotment |
3.000 |
86.038 |
0.000 |
|
|
3] Reserves & Surplus |
119.893 |
48.586 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
148.227 |
154.532 |
10.000 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
507.089 |
369.712 |
0.000 |
|
|
2] Unsecured Loans |
47.097 |
14.040 |
5.194 |
|
|
TOTAL BORROWING |
554.186 |
383.752 |
5.194 |
|
|
DEFERRED TAX LIABILITIES |
11.636 |
0.717 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
714.049 |
539.001 |
15.194 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
423.884 |
41.271 |
3.000 |
|
|
Capital work-in-progress |
36.873 |
356.409 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
184.020
|
92.642 |
0.000 |
|
|
Sundry Debtors |
356.656
|
67.369 |
0.000 |
|
|
Cash & Bank Balances |
22.828
|
10.376 |
2.773 |
|
|
Other Current Assets |
0.990
|
0.799 |
0.007 |
|
|
Loans & Advances |
38.869
|
21.195 |
8.702 |
|
Total
Current Assets |
603.363
|
192.381 |
11.482 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
353.608
|
47.065 |
0.000 |
|
|
Other Current Liabilities |
9.647
|
1.397 |
0.016 |
|
|
Provisions |
2.927
|
2.853 |
0.000 |
|
Total
Current Liabilities |
366.182
|
51.315 |
0.016 |
|
|
Net Current Assets |
237.181
|
141.066 |
11.466 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
16.111 |
0.255 |
0.728 |
|
|
|
|
|
|
|
|
TOTAL |
714.049 |
539.001 |
15.194 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
INCOME
FROM OPERATIONS |
|
665.044 |
205.681 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
0.934 |
15.187 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
11.019 |
2.717 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
(10.085) |
12.470 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
|
37.600 |
0.000 |
|
|
TOTAL EARNINGS |
|
37.600 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
|
(3.98)
|
NA |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
1000.000 |
|
|
|
|
|
Expected Sales (2012-2013): Rs.1200.000 millions
The above information has been parted by Mr. Praful (Senior Accountant).
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.09
|
4.26 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.10 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.74
|
2.48 |
0.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.65
|
3.75 |
717.63 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
|
Sundry Creditors |
|
|
|
|
Total outstanding
due to micro and small enterprises |
-- |
-- |
|
|
Total outstanding due to others |
-- |
-- |
|
|
For Expenses |
14.331 |
3.833 |
0.000 |
|
For Goods |
310.320 |
23.382 |
|
|
For Capital Goods
|
28.957 |
19.850 |
|
|
TOTAL |
353.608 |
47.065 |
0.000 |
|
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last two years |
Yes |
|
12] |
Profitability for last two 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 |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
OPERATIONS AND
FUTURE BUSINESS PROSPECTS:
Both the units
(Silli and Baddi) are now fully operational and plant capacity is being
optimally utilised. The company has procured order from various sectors viz.
pharma, export, FMCG, gutka etc.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U36900MH2008PTC186434 |
|
Name of the
company |
PARTH FOILS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
426, 4th
Floor, Diamond Industrial Estate, Ketki Pada, Near E-Mail: partho@parthgroup.co.in |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10157172 |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
State Bank of
India, Commercial Branch, N.G.N. Vaidya Marg, Horniman Circle, Fort, Mumbai –
400 023, Maharashtra, India E-Mail: kamalax_saraf@hotmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
No instrument.
memorandum of entry |
|
Date of
instrument Creating the charge |
29.12.2011 |
|
Amount secured by
the charge |
Rs.636.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: As per sanction
terms Terms of
Repayment: As per sanction
terms Margin: As per sanction
terms Extent and
Operation of the charge: As per sanction
terms |
|
Short particulars
of the property charged |
The whole of the
current assets of the borrower namely, stocks of raw materials, stocks in
process, semi finished and finished goods, stores and spares not relating to
plant and machinery (consumable stores and spares) bills receivables and book
debts all other movables, both present and
future whether now lying loose or in cases or which are now lying or
stored in or about or shall hereinafter from time to time during the continuance
of the security of these presents be brought into or upon or be stored or be
in or about of the borrowers factories, premises and godowns situated at
Daman in Indian Union Territory or wherever else the same may be or be held
by any party to the order or disposition of the borrower or in the course of
transit or on high seas or on order or delivery, howsoever and wheresoever is
the possession of the borrower and either by way of substitution or addition. |
|
Date of latest
modification prior to the present modification |
05.11.2011 |
|
Particulars of
the present modification |
Now by the
present modification dated 29.12.2011 the company created an extension of
charge by way of an equitable mortgage by deposit of title deeds over the
immovable properties by fixing the mortgage at Rs.636.000 millions the
details of the immovable properties situated at: industrial plot bearing
Survey No.98/1/1 at Village Silli of the Union Territory of Dadra and Nagar
Haveli. With all buildings/structures and all the present and future movable
plant and machineries and fixed assets. |
FIXED ASSETS:
v
Land
v
Building
v
Plant and Machinery
v
Computers
v
Electrical Installation
v
Vehicles
v
Office Equipments
v
Factory Equipment
v Furniture and
Fixtures
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.53.57 |
|
|
1 |
Rs.84.25 |
|
Euro |
1 |
Rs.71.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
16 |
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.