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Report Date : |
11.07.2013 |
IDENTIFICATION DETAILS
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Name : |
BENTELER
DISTRIBUTION INDIA PRIVATE LIMITED |
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Registered
Office : |
Plot No.679/2/3,
Village Kuruli, Taluka Khed, Pune – 410 501, Maharashtra |
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Country : |
India |
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Date of
Incorporation : |
27.12.2011 |
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Com. Reg. No.: |
11-141790 |
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Capital
Investment / Paid-up Capital : |
Rs.100.000 millions |
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CIN No.: [Company Identification
No.] |
U51909PN2011FTC141790 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
To carry on business
of providing sales, warehousing and processing services related to all
aspects of business of components/parts in mechanical engineering, hydraulic
systems, automotive, construction, furniture, consumer goods, heat
exchanger/boiler industries including dealing with other distributors
involved in similar activities. |
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No. of Employees
: |
Not Available [Not able to
contact the company on the available number.] |
RATING & COMMENTS
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MIRA’s Rating : |
Ca (12) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new company having a moderate track record. Our executives are unable to contact the company. As per the Government record there is no financial available. No other detail could be gathered. Payment terms are unknown. The company can be considered for business dealings on a safe and
secured trade terms and condition. |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very
High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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 DECLINED
Unable to contact
Contact No.: 91-2135-670900/926
(Numbers which are available are incorrect.)
LOCATIONS
|
Registered Office : |
Plot No.679/2/3,
Village Kuruli, Taluka Khed, Pune – 410 501, Maharashtra, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
infoindia@benteler-distribution.in |
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Website : |
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Sales Office and Warehouse : |
Located at: ·
Chakan Industrial Area
(Pune) |
DIRECTORS
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Name : |
Mr. Sandip Sisir Kumar Nag |
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Designation : |
Director |
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Address : |
Flat No.419, Building No.C2, Eden Garden Society, Near Phoenix Mall,
Viman Nagar, Pune – 411 014, Maharashtra India |
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Date of Birth/Age : |
01.01.1965 |
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Date of Appointment : |
10.05.2013 |
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DIN No.: |
06602072 |
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Name : |
Carolus Alexander Buthker |
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Designation : |
Director |
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Address : |
Pascherhof 12, 5809 BW, Leunen na |
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Date of Birth/Age : |
12.03.1965 |
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Date of Appointment : |
27.12.2011 |
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DIN No.: |
05115856 |
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Name : |
Mr. Chandrakumar Bhalchandra Kulkarni |
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Designation : |
Alternate Director to Carolus Alexander Buthker |
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Address : |
Chaitanya S. No.48/4, H. No.145, Ganesh Nagar, Vadgaon Sheri, Pune –
411 014, Maharashtra, India |
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Date of Birth/Age : |
09.05.1965 |
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Date of Appointment : |
26.04.2012 |
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DIN No.: |
05266276 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 03.09.2012
|
Names of Allottees |
|
No. of Shares |
|
Benteler Distribution International Beteiligungs GmbH, Austria |
|
4455000 |
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Benteler International Beteiligungs GmbH, Austria |
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45000 |
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Total
|
|
4500000 |
AS ON 12.07.2012
|
Names of Allottees |
|
No. of Shares |
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Benteler Distribution International Beteiligungs GmbH, Austria |
|
5445000 |
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Benteler International Beteiligungs GmbH, Austria |
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55000 |
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Total
|
|
5500000 |
BUSINESS DETAILS
|
Line of Business : |
To carry on business
of providing sales, warehousing and processing services related to all
aspects of business of components/parts in mechanical engineering, hydraulic
systems, automotive, construction, furniture, consumer goods, heat
exchanger/boiler industries including dealing with other distributors
involved in similar activities. |
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Exports : |
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Countries : |
Not Available |
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Imports : |
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Countries : |
Not Available |
GENERAL INFORMATION
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Suppliers : |
Not Available |
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Customers : |
Not Available |
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No. of Employees : |
Not Available [Not able to
contact the company on the available number.] |
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Bankers : |
Not Available |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
BBSR and Company Chartered Accountants |
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Address : |
703, 7th Floor, Gojrej Castlemaine, Next to Ruby Hall
Clinic, Bund Garden Road, Pune – 411 001, Maharashtra, India |
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E-Mail : |
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PAN No: |
AAKFB4397F |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT AVAILABLE
LOCAL AGENCY FURTHER INFORMATION
|
Check
List by Info Agents |
Available
in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
No |
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5) Type of Business |
Yes |
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6) Line of Business |
Yes |
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7) Promoter’s background |
Yes |
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8) No. of employees |
No |
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9) Name of person contacted |
No |
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10) Designation of contact person |
No |
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11) Turnover of firm for last three years |
No |
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12) Profitability for last three years |
No |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
No |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
No |
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17) Major suppliers |
No |
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18) Major customers |
No |
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19) Payments terms |
No |
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20) Export / Import details (if applicable) |
No |
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21) Market information |
-- |
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22) Litigations that the firm / promoter
involved in |
-- |
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23) Banking Details |
No |
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24) Banking facility details |
No |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
No |
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28) Incorporation details, if applicable |
Yes |
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29) Last accounts filed at ROC |
No |
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30) Major Shareholders, if available |
Yes |
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31)
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
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32)
PAN of Proprietor/Partner/Director, if available |
No |
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33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
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34)
External Agency Rating, if available |
No |
WEBSITE DETAILS:
PROFILE:
Subject has been
founded in December 2011.
The sales and
warehouse facility is located in Chakan industrial area of Pune with a
warehouse size of 5100 sqm.
Subject views
itself as an important partner to the automotive, mechanical engineering and hydraulic
cylinder industries as well as the construction and energy sectors. The company
also serves the health care and consumer goods industries.
High quality standards
Benteler
Distribution understands quality as a responsibility towards its customers.
This applies not only to the products the organisation delivers but also to its
internal and external processes, worldwide.
The quality
management system of Benteler Distribution and its documented processes are
certified according to the standards of DIN EN ISO 9001.
Value-adding services
Subject not only
offers a comprehensive assortment of steel tubes and extensive processing
capacities but provides value-adding services in consultancy, sourcing and
logistics.
Based on its
longtime experience in steel tube distribution and the intensive knowledge
transfer within the Benteler Distribution Group, the company possesses the
material-related and technical expertise to profoundly advice its customers in
choosing the right products for their special application needs.
As an important
partner to notable steel suppliers, Subject can realize advanced pricing
conditions for its customers in sourcing. Due to its well selected supplier
base, the company can ensure a constanly high product quality over time.
Subject has the
know-how, the capacities and the equipment to stock, process, pack and deliver
the goods in accordance with all requirements. By customized logistic solutions
in stock-keeping and deliveries, Subject guarantees a smooth production flow,
while the customer benefits from a reduced material inventory.
Furthermore,
regular certifications are self-evident for Subject. The company subordinates
its internal and external processes to the challenging quality policies of the
Benteler Distribution Group.
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.60.13 |
|
|
1 |
Rs.89.52 |
|
Euro |
1 |
Rs.76.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
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--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
12 |
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.