|
Report Date : |
15.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
AMIT ENTERPRISES PROMOTERS AND BUILDERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Amit House, 1902, Sadashiv Peth, Bajirao Road, Pune-411030,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
05.09.2006 |
|
|
|
|
Com. Reg. No.: |
11-129006 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.126
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45202PN2006PTC129006 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Construction Activity. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (14) |
|
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 |
|
|
|
|
Payment Behaviour : |
Slow and delayed |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Amit Enterprises Housing Limited” it is an
established company having moderate track record. The company has not earned any profits as the management failed to
record any sales during the year under review i.e. 2012. There appear accumulated losses for past some years due to the
operative expenses incurred. External borrowings appear to be huge and
increasing over years. Which affect the liquidity position of the company. However, business is active. Payment terms are slow and delayed. The company can be considered for business dealings on a safe and
secured 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very
High |
C1 |
|
Restricted |
C2 |
|
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.
LOCATIONS
|
Registered / Corporate Office : |
Amit House, 1902, Sadashiv Peth, Bajirao Road, Pune-411030,
Maharashtra, India |
|
Tel. No.: |
91-20-24489494/95 |
|
Fax No.: |
91-20-24431554 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Mumbai Office : |
506, Ceejay House, Dr. Annie Besant Road, Worli, Mumbai-400018,
Maharashtra, India |
|
Tel No.: |
91-22-24990079 |
|
Fax No.: |
91-22-24990089 |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Kishor Govind Pate |
|
Designation : |
Director |
|
Address : |
601, Govind Gaurav, Plot No. 487/2A/2, Swanand So., SA Sahakar Nagar
2, Pune-411009, Maharashtra, India |
|
Date of Birth/Age : |
06.08.1960 |
|
Date of Appointment : |
05.09.2006 |
|
Din No.: |
00367915 |
|
|
|
|
Name : |
Mr. Amit Nandkishor Dhulekar |
|
Designation : |
Director |
|
Address : |
Kanchan 21/444, Yamunanagar Nigdi, Pune-411044, Maharashtra, India |
|
Date of Birth/Age : |
14.08.1982 |
|
Date of Appointment : |
02.12.2010 |
|
Din No.: |
02948993 |
|
|
|
|
Name : |
Mr. Deepak Rathi |
|
Designation : |
Director |
|
Address : |
Type-G, Building No. 03, Block No. 201, Sector No. 07, Sanpada, Navi
Mumbai-400705, Maharashtra, India |
|
Date of Birth/Age : |
27.06.1974 |
|
Date of Appointment : |
03.12.2010 |
|
Din No.: |
02096135 |
|
|
|
|
Name : |
Mr. Chetan Suresh Shah |
|
Designation : |
Director |
|
Address : |
R. No. B/801, 8th Floor Sai Baba, Near City Centre, S.V. Road,
Goregaon (West), Mumbai-400062, Maharashtra, India |
|
Date of Birth/Age : |
30.09.1977 |
|
Date of Appointment : |
03.12.2010 |
|
Din No.: |
03255921 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Kishor Govind Pate |
|
1634 |
|
Rajendra Govind Pate |
|
1633 |
|
Sanjeev Govind Pate |
|
1633 |
|
Amit Enterprises Housing Limited, India |
|
6700 |
|
|
|
|
|
TOTAL
|
|
11600 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
53.17 |
|
Directors
or relatives of directors |
|
38.89 |
|
Other
top fifty shareholders |
|
7.94 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Construction Activity. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
State Bank of
India, Commercial Branch, 1648/A, Sadashiv Peth, Tilak Road, Pune-411030, Maharashtra,
India |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
ASK Investment Managers Private Limited, Band Box House, 1st
Floor, 254-D, Dr. Annie Besant Road, Worli, Mumbai-400025, Maharashtra, India
|
|
|
|
|
Auditors : |
|
|
Name : |
S.N. Gogate and Company Chartered Accountants |
|
Address : |
Sanket, 2123 Sadashiv Peth, Vijay Nagar Colony, Pune-411030,
Maharashtra, India |
|
Tel. No.: |
91-20-24330911/24330912 |
|
Fax No.: |
91-20-24330913 |
|
E-Mail : |
|
|
PAN No: |
ABJPG1410E |
|
|
|
|
Holding Company : |
Amit Enterprises Housing Limited [AEHL], India |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
90000 |
Ordinary Equity Shares |
Rs.10/- each |
Rs.0.900 Million |
|
10000 |
Class B Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
|
|
TOTAL
|
|
Rs.1.000 Million
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
11600 |
Ordinary Equity Shares |
Rs.10/- each |
Rs.0.116 Million
|
|
1000 |
Class B Equity Shares |
Rs.10/- each |
Rs.0.010
Million |
|
|
TOTAL
|
|
Rs.0.126 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.126 |
0.126 |
|
(b) Reserves & Surplus |
|
(0.405) |
(0.217) |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
|
(0.279) |
(0.091) |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
|
660.331 |
545.719 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
660.331 |
545.719 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
16.263 |
0.000 |
|
(b)
Trade payables |
|
22.187 |
10.758 |
|
(c)
Other current liabilities |
|
8.143 |
1.249 |
|
(d) Short-term
provisions |
|
0.072 |
0.022 |
|
Total Current Liabilities
(4) |
|
46.665 |
12.029 |
|
|
|
|
|
|
TOTAL |
|
706.717 |
557.657 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
0.739 |
0.000 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax
assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
0.739 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current
investments |
|
204.077 |
198.500 |
|
(b)
Inventories |
|
491.557 |
358.799 |
|
(c)
Trade receivables |
|
0.000 |
0.000 |
|
(d) Cash
and cash equivalents |
|
4.875 |
0.325 |
|
(e)
Short-term loans and advances |
|
4.750 |
0.000 |
|
(f) Other
current assets |
|
0.719 |
0.033 |
|
Total
Current Assets |
|
705.978 |
557.657 |
|
|
|
|
|
|
TOTAL |
|
706.717 |
557.657 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(0.090) |
|
|
NETWORTH |
|
|
0.010 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
24.353 |
|
|
TOTAL BORROWING |
|
|
24.353 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
24.363 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.000 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
3.467 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
14.695 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.150 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
6.200 |
|
Total
Current Assets |
|
|
21.045 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.032 |
|
|
Other Current Liabilities |
|
|
0.159 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.191 |
|
|
Net Current Assets |
|
|
20.854 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.042 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
24.363 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
0.000 |
0.000 |
0.000 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
0.187 |
0.127 |
0.037 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
(0.187) |
(0.127) |
(0.037) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(0.187) |
(0.127) |
(0.037) |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
(14.84) |
(10.07) |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.03)
|
(0.02) |
(0.17) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.67
|
1.40 |
(3.70) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
(2425.07)
|
(5996.91) |
2435.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
15.13
|
46.35 |
110.18 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by
Info Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
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] |
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 |
No |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10343763 |
|
Corporate
identity number of the company |
U45202PN2006PTC129006 |
|
Name of the
company |
AMIT ENTERPRISES
PROMOTERS AND BUILDERS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Amit House, 1902, Sadashiv Peth, Bajirao Road, Pune-411030, Maharashtra,
India |
|
Type of charge |
Book Debts Movable Property
[not being pledge] Floating Charge |
|
Particular of
charge holder |
State Bank of
India, Commercial Branch, 1648/A, Sadashiv Peth, Tilak Road, Pune-411030,
Maharashtra, India Email: milind.gadkari@sbi.co.in
|
|
Nature of
description of the instrument creating or modifying the charge |
Agreement of loan
cum hypothecation |
|
Date of
instrument Creating the charge |
26.03.2012 |
|
Amount secured by
the charge |
Rs.500.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 5% margin above
the Base Rate which is presently 10% p.a. and thus the present effective rate
of Interest being 15% p.a. or as notified by the bank from time to time. Terms of Repayment Payable on
demand. Repayment:
September 2014 Rs.250.000 Millions November 2014 Rs.250.000
Millions Margin As per norms of
the Bank Extent and Operation of the charge First Charge on
Assets Hypothecated in favour of Bank Others Demand Cash
Credit (Project Specific) of Rs.500.000 Millions |
|
Short particulars
of the property charged |
Hypothecation
charge on all present and future Current
Assets of the company related to the project such as all present and future
stocks, raw materials, goods, book debts and all other movable assets of the company including
receivables, documents of title to goods, outstanding monies, bills,
invoices, etc. |
|
Particulars of
the present modification |
Vide this
modification; the company has extended security by way of hypothecation of
all present and future current assets of the company related to project to
secure the Demand Cash Credit (Project Specific) of Rs.500.000 Millions. |
FIXED ASSETS:
·
Computers
·
Furniture and Fixture
·
Office Equipments
·
Fittings
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.59.90 |
|
|
1 |
Rs.90.88 |
|
Euro |
1 |
Rs.78.32 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
3 |
|
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 |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
14 |
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.