MIRA
INFORM REPORT
|
Report Date : |
08.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
BINDAL AND BINDAL BATTERIES PRIVATE LIMITED |
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Registered
Office : |
21, Dr Ambedkar Stadium, Delhi Gate, New Delhi-110002 |
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Country : |
India |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
08.03.2000 |
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Com. Reg. No.: |
55-104271 |
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Capital Investment
/ Paid-up Capital : |
Rs. 3.068 millions |
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CIN No.: [Company Identification
No.] |
U31909DL2000PTC104271 |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELB04702F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Automotive Batteries Containers and Covers, Lead
Alloys, etc. |
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No. of Employees
: |
60 (Approximately) |
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 78000 |
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Status : |
Satisfactory |
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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 record.
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 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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. Anuj Gupta |
|
Designation : |
Director |
|
Contact No.: |
91-9811779925 |
|
Date : |
03.01.2013 |
LOCATIONS
|
Registered Office : |
21, Dr Ambedkar Stadium, Delhi Gate, New Delhi-110002, India |
|
Tel. No.: |
Not Divulged |
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Fax No.: |
Not Divulged |
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E-Mail : |
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Website : |
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Area : |
500 sq. ft |
|
Location : |
Owned |
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Factory : |
Plot No D-145/146, Hosiery Complex,
Phase-II, Noida - 201305, Uttar Pradesh, India |
|
Tel. No.: |
91- 120-3042145/3042146 |
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Fax No.: |
91- 120-4226802 |
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Area : |
6000 sq ft |
|
Location : |
Owned |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Ashok Kumar Gupta |
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Designation : |
Whole-time director |
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Address : |
Tower-11. Flat No.001, NRI City, Greater Noida, Uttar Pradesh, India |
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Date of Birth/Age : |
15.08.1953 |
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Date of Appointment : |
08.03.2000 |
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DIN No.: |
00164350 |
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Other Directorship:
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Name : |
Mr. Ajay Kumar Gupta |
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Designation : |
Whole-time director |
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Address : |
Omex Group, Housing – I, Tower No.2, Flat No.2, NRI City, Greater Noida-201308, Uttar Pradesh, India |
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Date of Birth/Age : |
02.06.1955 |
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Date of Appointment : |
08.03.2000 |
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DIN No.: |
00164552 |
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Other Directorship:
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|||||||||||||||||||||||||||
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Name : |
Mr. Anuj Gupta |
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Designation : |
Director |
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Address : |
Tower-II, Flat No.001, NRI City, Greater Noida, Uttar Pradesh, India |
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Date of Birth/Age : |
25.05.1983 |
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Date of Appointment : |
01.04.2009 |
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DIN No.: |
02856092 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Ashok Kumar Gupta |
|
122012 |
|
Ajay Kumar Gupta |
|
92613 |
|
Olympia International Limited, USA |
|
80059 |
|
Kusum Gupta |
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10 |
|
Kusum Lata Aggarwal |
|
10 |
|
M.L.Gupta |
|
10 |
|
Payal Aggarwal |
|
10 |
|
Priti Aggarwal |
|
10 |
|
Rekha Khadkiya |
|
10 |
|
Rekha Gupta |
|
10 |
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Sanjay Agarwal |
|
10 |
|
Swati Agarwal |
|
10 |
|
Usha Gupta |
|
12010 |
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Vinod Kumar Gupta |
|
20 |
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Sunil Kumar Gupta |
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20 |
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Poonam Gupta |
|
10 |
|
Shikha Gupta |
|
10 |
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Total |
|
306844 |
Allottees as on 30.03.2012
|
Names of Shareholders |
|
No. of Shares |
|
Ashok Kumar Gupta |
|
20100 |
|
Poonam Gupta |
|
1750 |
|
Ajay Gupta |
|
17100 |
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Total |
|
38950 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
26.09 |
|
Directors or relatives of Directors |
73.91 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Automotive Batteries Containers and Covers, Lead Alloys, etc. |
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Products : |
·
Heavy Duty PP Containers ·
Resin Bonded Hard Rubber Containers
and Covers ·
Lead Alloys and Sub-oxides ·
PVC Separators ·
Automotive Batteries, Two Wheeler
Batteries, Tubular Batteries for industrial application and Inverters |
|
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Bindal Technopolymer Private Limited, Noida |
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Customers : |
End Users ·
Vipul Trading Company, Noida |
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No. of Employees : |
60 (Approximately) |
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Bankers / Financial Institution : |
·
SBI Global Factors Limited, 6th Floor,
Metropolitan Building, Bandra-Kurla, Complex, Bandra (East), Mumbai - 400051,
Maharashtra, India ·
IDBI Bank Limited, Noida, Uttar Pradesh, India |
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|
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Facilities : |
·
CC – Rs. 52.000 millions (From IDBI Bank Limited) ·
BG – Rs. 10.000 millions (From IDBI Bank Limited) ·
LC – Rs. 15.000 millions (From IDBI Bank Limited) |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
AVK and Associates Chartered Accountants |
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Address : |
KD-117, Pitampura, Near Kohat Enclave Metro Station, Delhi-110088,
India |
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Tel. No.: |
91-11-27316143 |
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Fax No.: |
91-11-27316243 |
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PAN No.: |
AAAFV4591R |
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Name : |
Mahindra and Associate Chartered Accountants |
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Address : |
Delhi, India |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
350000 |
Equity Shares |
Rs.10/- each |
Rs. 3.500 Millions |
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
306844 |
Equity Shares |
Rs.10/- each |
Rs. 3.068 Millions |
|
|
|
|
|
After 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
350000 |
Equity Shares |
Rs.10/- each |
Rs. 3.500 Millions |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
345794 |
Equity Shares |
Rs.10/- each |
Rs. 3.458 Millions |
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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 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
3.068 |
3.068 |
3.068 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
16.494 |
14.012 |
12.156 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
19.562 |
17.080 |
15.224 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
51.023 |
57.836 |
32.961 |
|
|
2] Unsecured Loans |
38.733 |
13.757 |
11.291 |
|
|
TOTAL BORROWING |
89.756 |
71.593 |
44.252 |
|
|
DEFERRED TAX LIABILITIES |
2.830 |
2.442 |
1.875 |
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|
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|
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TOTAL |
112.148 |
91.115 |
61.351 |
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APPLICATION OF FUNDS |
|
|
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|
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|
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FIXED ASSETS [Net Block] |
29.336 |
29.410 |
21.955 |
|
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Capital work-in-progress |
1.007 |
0.515 |
3.007 |
|
|
|
|
|
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|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
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DEFERRED TAX ASSETS |
0.037 |
0.001 |
0.008 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
52.685
|
35.302 |
25.945 |
|
|
Sundry Debtors |
61.822
|
23.591 |
17.194 |
|
|
Cash & Bank Balances |
2.131
|
2.849 |
2.053 |
|
|
Other Current Assets |
0.391
|
0.075 |
0.000 |
|
|
Loans & Advances |
11.623
|
12.808 |
10.346 |
|
Total
Current Assets |
128.652
|
74.625 |
55.538 |
|
|
|
|
|
|
|
|
|
Sundry Creditors |
46.579
|
13.266 |
19.157 |
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
0.305
|
0.170 |
0.000 |
|
Total
Current Liabilities |
46.884
|
13.436 |
19.157 |
|
|
Net Current Assets |
81.768
|
61.189 |
36.381 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
112.148 |
91.115 |
61.351 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
214.721 |
154.294 |
122.151 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3.287 |
2.843 |
2.103 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.582 |
0.417 |
0.363 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
2.705 |
2.426 |
1.740 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.82 |
7.91 |
-- |
|
|
Particulars |
|
|
31.03.2012 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
|
230.000 |
|
|
|
|
|
Expected Sales (2012-2013) : Rs. 260.000 millions
The above information has been parted by Mr. Anuj Gupta (Director)
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
1.53
|
1.84 |
1.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.08
|
2.73 |
2.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.17 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.98
|
4.98 |
4.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.74
|
5.55 |
2.90 |
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
three years |
Yes |
|
12] |
Profitability for last
three 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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
----- |
|
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] |
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 |
OPERATIONS
During the year, the turnover of the company has increased from Rs.
154.294 millions in previous year to Rs. 214.721 millions during current year
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U31909DL2000PTC104271 |
|
Name of the company |
BINDAL AND BINDAL BATTERIES PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
21, Dr Ambedkar Stadium, Delhi Gate, New Delhi-110002, India Email: bindal1979@yahoo.co.in
|
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10259671 |
|
Type of charge |
·
Book debts ·
Others |
|
Particular of charge holder |
SBI Global
Factors Limited, 6th Floor, Metropolitan Building, Bandra-Kurla,
Complex, Bandra (East), Mumbai - 400051, Maharashtra, India Email : amita_joshi@sbiglobal.in
|
|
Nature of instrument creating charge |
Letter of hypothecation dated June 28, 2011 |
|
Date of instrument Creating the charge |
28.06.2011 |
|
Amount secured by the charge |
Rs. 27.400 millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest (I)Discount charges:15.00% p.a.,(ii)factoring charges:0.25% (on gross
invoice value), or as may be amended from time to time Terms of Repayment Revolving credit to be repaid within a period of 30 days or 60 days
for the respective debtors, or as may be amended from time to time Margin (I) Prepayment : 90, or as may be amended from time to time, (ii)
Margin : 10%, and subsequent amendment(s) therein Extent and Operation of the charge Charge operates as security till the trade finance facility provided
by SBI global factors limited is cancelled Others Minimum charges : Rs. 250/- per invoice, or as may be amended from
time to time |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Hypothecation by way of charge to SBI global factors limited, of all
present and future book-debts, outstanding, monies receivables, claims and
bills which are now due and owing or which may at any time in future (i.e.
During the continuance of the factoring facility by SBI global factors
limited to Bindal and Bindal Batteries Private Limited) may become due and
owing to Bindal and Bindal Batteries Private Limited, in the course of its
business by its debtors |
|
Particulars of the present modification |
The maximum funds in use limit has been enhanced from Rs. 15.000
millions to Rs. 27.400 millions |
FIXED ASSETS
·
Land
·
Office Premises
·
Plant and Machinery
·
Fire Extinguisher
·
Office Equipment
·
Computer
·
Furniture and Fixture
·
Vehicles
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 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.54.98 |
|
|
1 |
Rs.88.11 |
|
Euro |
1 |
Rs.71.67 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Report Prepared
by : |
MRI |
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 |
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.