MIRA INFORM REPORT
|
Report Date : |
20.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
G M FABRICS PRIVATE LIMITED (w.e.f.10.12.2009) |
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Formerly Known
As : |
HARTEX SILK MILLS PRIVATE LIMITED |
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Registered
Office : |
Dhana Singh Compound, J. B. Nagar, Andheri-Kurla Road,
Andheri (East), Mumbai – 400059, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
03.01.1985 |
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Com. Reg. No.: |
11-034978 |
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Capital
Investment / Paid-up Capital : |
Rs. 1.658 Millions |
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|
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CIN No.: [Company Identification
No.] |
U17116MH1985PTC034978 |
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|
|
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMH06864E |
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PAN No.: [Permanent Account No.] |
AAACH2821F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Home Furnishing Products. |
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No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 610000 |
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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 an established company having a moderate track record. The
financial for the year 2010-2011, 2011-2012 is not available. As per the available financial of 2010 the company seems to be
progressing well. Trade relations are reported to be fair. Business is active. Payments
are reported to be unknown. The company can be considered for business dealings with some caution.
|
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 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities: BBB |
|
Rating Explanation |
Having moderate degree of safety regarding
timely servicing of financial obligation. It carry moderate credit risk. |
|
Date |
February, 2013 |
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. Ravindra More |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-42140400 |
|
Date : |
18.07.2013 |
LOCATIONS
|
Registered Office : |
Dhana Singh Compound, J. B. Nagar, Andheri-Kurla Road,
Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-42140400/ 66750155/ 28365341/ 42140421 (4 Lines) |
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Fax No.: |
91-22-28365341/ 22087475 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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|
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Factory 1 : |
Plot No.F-2/3, MIDC Tarapur Industrial Area, Boisar, Thane, Maharashtra,
India |
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|
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Factory 2 : |
Located at: ·
Sarigam, Gujarat, India |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Harbanskaur Gurcharansingh Chugha |
|
Designation : |
Additional director |
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Address : |
Flat No. 91, 9th Floor, Kshitij Apartment, Plot No.99, Hill
Road, Bandra (West), Mumbai – 400050, Maharashtra, India |
|
Date of Birth/Age : |
07.12.1937 |
|
Date of Appointment : |
20.11.2009 |
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DIN No.: |
00780083 |
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|
|
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Name : |
Mr. Gurcharan Singh Sardar |
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Designation : |
Director |
|
Address : |
Flat No. 91, 9th Floor, Kshitij Apartment, Plot No.99, Hill
Road, Bandra (West), Mumbai – 400050, Maharashtra, India |
|
Date of Birth/Age : |
13.04.1936 |
|
Date of Appointment : |
23.06.2006 |
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DIN No.: |
01808540 |
KEY EXECUTIVES
|
Name : |
Mr. Ravindra More |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Harbans Kaur |
|
1582 |
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S. Gurcharan Singh |
|
1612 |
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S. Gurcharan Singh HUF |
|
1602 |
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S. Harjinder Singh HUF |
|
1602 |
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S. Gurvinder Singh |
|
1647 |
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Ramanjit Kaur |
|
1647 |
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S. Gurvinder Singh HUF |
|
1602 |
|
Gurpreet Kaur |
|
880 |
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S Harjinder Singh |
|
1180 |
|
G M Mills Private Limited |
|
1610 |
|
G M Knitting Industries Private Limited, India |
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1610 |
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Partners of PSK Industries |
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2 |
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Partners of GSK Industries |
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2 |
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Partners of Harnam Silk Factory |
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2 |
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|
|
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Total |
|
16580 |
AS ON 23.02.2011
|
Names of Shareholders |
|
No. of Shares |
|
G M Knitting Industries Private Limited, India |
|
19880 |
|
|
|
|
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Total |
|
19880 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
20.00 |
|
Directors
or relatives of directors |
|
80.00 |
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Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Home Furnishing Products. |
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Exports : |
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Products : |
Home Furnishing Products |
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Countries : |
Europe Middle East
Asian Country Saudi Arabia UK |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Germany China Korea |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
300 (Approximately) |
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Bankers : |
Citi Bank, Trent House, 2nd Floor, G Block, Plot No. C60, Bandra
Kurla Complex, Bandra (East), Mumbai-400051, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Shah and Bhosale Chartered Accountants |
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Address : |
7/8, 1st Floor, 102 A Madhavwadi, Naigaum Cross Road, Dadar Central, Mumbai – 400014,
Maharashtra, India |
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Tel. No.: |
91-22-54156791/ 24156792 |
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Fax No.: |
91-22-24124824 |
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Income-tax
PAN of auditor or auditor's firm : |
ABOFS4846H |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75,000 |
Equity Shares |
Rs. 100/- each |
Rs. 7.500 Millions |
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|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
36,460 |
Equity Shares |
Rs. 100/- each |
Rs. 3.646
Millions |
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AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000 |
Equity Shares |
Rs.100/- each |
Rs. 7.500 Millions |
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|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16580 |
Equity Shares |
Rs.100/- each |
Rs. 1.658 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
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1] Share Capital |
1.658 |
1.658 |
1.647 |
|
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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|
3] Reserves & Surplus |
150.843 |
126.572 |
25.633 |
|
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
152.501 |
128.230 |
27.280 |
|
|
LOAN FUNDS |
|
|
|
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|
1] Secured Loans |
98.166 |
101.501 |
87.466 |
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2] Unsecured Loans |
103.369 |
111.828 |
209.678 |
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TOTAL BORROWING |
201.535 |
213.329 |
297.144 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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|
|
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|
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TOTAL |
354.036 |
341.559 |
324.424 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
567.248 |
474.408 |
314.457 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
3.450 |
3.450 |
3.450 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
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Inventories |
93.185
|
39.428
|
26.636 |
|
|
Sundry Debtors |
58.643
|
59.527
|
44.355 |
|
|
Cash & Bank Balances |
1.880
|
80.702
|
1.171 |
|
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Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
90.349
|
53.444
|
35.818 |
|
Total
Current Assets |
244.057
|
233.101
|
107.980 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
363.796
|
304.266
|
74.328 |
|
|
Other Current Liabilities |
24.400
|
4.878
|
0.532 |
|
|
Provisions |
74.296
|
62.250
|
26.755 |
|
Total
Current Liabilities |
462.492
|
371.394
|
101.615 |
|
|
Net Current Assets |
(218.435)
|
(138.293)
|
6.365 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
1.773 |
1.994 |
0.152 |
|
|
|
|
|
|
|
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TOTAL |
354.036 |
341.559 |
324.424 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
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|
SALES |
|
|
|
|
|
|
|
Income |
658.479 |
577.494 |
456.897 |
|
|
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Other Income |
NA |
NA |
NA |
|
|
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TOTAL |
NA |
NA |
NA |
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|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
NA |
NA |
NA |
|
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Administrative Expenses |
|
|
|
|
|
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Advertising Expenses |
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|
|
|
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TOTAL |
NA |
NA |
NA |
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PROFIT BEFORE
TAX |
36.315 |
80.890 |
4.292 |
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|
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|
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|
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Less |
TAX |
12.044 |
28.093 |
1.850 |
|
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|
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|
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|
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PROFIT AFTER TAX
|
24.271 |
52.305 |
2.457 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1463.87 |
3154.70 |
NA |
|
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Sales Turnover (Approximately) |
1700.000 |
1630.000 |
1500.000 |
|
|
|
|
|
Expected Sales (2013-2014): Rs. 1900.000 Millions
The above information has been parted by Mr. Ravindra More [Accountant]
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Net Profit Margin (PBT/Sales) |
(%) |
5.51
|
9.06 |
0.94 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.48
|
11.43
|
1.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.63
|
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.32
|
0.63
|
0.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.53
|
0.63
|
1.06 |
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 |
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 |
No |
|
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] |
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 |
Yes |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2010 |
31.03.2009 |
|
|
(Rs. In Millions) |
|
|
From
Shareholders |
|
|
|
S Gurucharan Singh |
4.407 |
7.505 |
|
S Gurivinder Singh |
0.171 |
2.814 |
|
G M Fabrics (Prop. |
71.919 |
71.929 |
|
|
|
|
|
From Companies |
|
|
|
Dalitex Silk Mills Private Limited |
0.000 |
11.569 |
|
Hartex Exports Private Limited |
26.872 |
15.000 |
|
One G M Fabrics Private Limited |
0.000 |
3.011 |
|
Total |
103.369 |
111.828 |
Note:
The registered office of the company has been shifted from 382,
Kalbadevi Road, Dhabolkar Wadi, Mumbai – 400002, Maharashtra, India to the
present w.e.f. 25.06.2012
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U17116MH1985PTC034978 |
|
Name of the
company |
G M FABRICS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Dhana Singh Compound, J. B. Nagar, Andheri-Kurla Road, Andheri (East), Mumbai – 400059, Maharashtra, India Email: hrd@gmfabrics.com |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10261286 |
|
Type of charge |
Book debts Movable property (not being pledge) Others |
|
Particular of
charge holder |
Common Wealth Bank of Australia, Level 2, Hoechst House, Nariman
Point, Mumbai – 400021, Maharashtra, India Email: kiran.bhosale@commbank.co.in |
|
Nature of
instrument creating charge |
Letter issued by
Citibank N.A. for ceding pari passu charge in favour of Commonwealth Bank of
Australia |
|
Date of
instrument Creating the charge |
29.08.2012 |
|
Amount secured by
the charge |
Rs.200.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Credit facilities
other than CC: At the rate as negotiated with and agreed by the bank and
within the maximum celiling as prescribed by RBI. CC: @4% above bank base
rate i.e. 14% p.a. Terms of Repayment On demand Margin Margin to be
maintained for cash credit at 30% on net stock plus debtors upto 120 days and
for pre-shipment limit at 10% Extent and Operation of the charge 1/ Charge over
entire current assets to secure the revised working capital facilities of
Rs.115.000 Millions shall rank on first pari passu basis with the charge
created in favor of Citi Bank. 2/ Charge over
present and future plant and machinery to secure the Buyer's credit facility
of Rs.150.000 Millions shall rank on first pari passu basis with the charge
created in favor of Citi Bank. 3/ Exclusive
charge on assets procured through Buyer's credit of the Company. Others Security created
in respect of the following credit facilities: - Pre-shipment
credit: Rs.100.000 Millions Sub limit: Post shipment credit: (Rs.100.000 Millions) - Cash
credit: Rs. 5.000 Millions - Pre-settlement exchange
risk: Rs.10.000 Millions - Buyer's credit Rs.150.000 Millions Total of the above facilities shall not
exceed Rs.200.00 Millions. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
All tangible movable properties, goods, documents of title to goods, vehicles and assets of whatsoever nature of the Borrower (both present and future) All the present and future book-debts, outstanding, money receivables, claims, bills etc. |
|
Date of
instrument modifying the charge |
10.08.2012 |
|
Particulars of
the present modification |
Citibank N.A.
vide their ceding letter dated 29.08.12 agree and confirm that the charge
created by the Company in favor of Citibank N.A. for the working capital
facilities of Rs.250.000 Millions over current assets shall rank on first
pari passu with the charge created in favor of Commonwealth Bank of Australia
(CBA) for the revised working capital facilities granted to the extent of
Rs.115.000 Millions. However, the overall charge in favour of CBA remains
unchanged at Rs.200.000 Millions. |
FIXED ASSETS:
·
Land
·
Building
·
·
Residential Building
·
Plant and Machinery
·
Electric Installation
·
Fire Extinguisher
·
Motor Car
·
Motor Vehicles
·
Trolly
·
Computer
·
Air-conditioner and Refrigerator
·
Furniture and Fixtures
·
Generator
·
Mobile Pager
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. 59.80 |
|
|
1 |
Rs. 91.03 |
|
Euro |
1 |
Rs. 78.52 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.