|
Report Date : |
24.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
GULATI EXTRUSIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
17-A, Co-Operative Industrial Estate, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
17.05.1988 |
|
|
|
|
Com. Reg. No.: |
20-009647 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 3.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36101UP1988PTC009647 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
KNPG01184B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Importer of Aluminium Collapsible Tubes and
Capacitors. |
|
|
|
|
No. of Employees
: |
200 (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 3000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
The external borrowings appears to be increasing over years. However, trade
relations are reported to be fair. Business is active. Payments are reported
to be usually correct and as per commitment. The company can be considered for normal business dealing 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
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.
INFORMATION PARTED BY
|
Name : |
Mr. Abhishek |
|
Designation : |
Accountant |
|
Contact No.: |
91-512-2295245 |
|
Date : |
17.07.2013 |
LOCATIONS
|
Registered Office/ Factory : |
17-A, Co-Operative Industrial Estate, |
|
Tel. No.: |
91-512-2295244/ 2295245 |
|
Mobile No.: |
91-9839034428 (Mr. Sanchit) |
|
Fax No.: |
91-512-2212553 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
As on : 29.09.2012
|
Name : |
Mrs. Ragni Gulati |
|
Designation : |
Managing director |
|
Address : |
117/H1/191, Pandu Nagar, |
|
Date of Appointment : |
06.05.1999 |
|
DIN No.: |
00944297 |
|
|
|
|
Name : |
Mr. Shiv Charanlal Gulati |
|
Designation : |
Whole-time director |
|
Address : |
117/H1/191, Pandu Nagar, |
|
Date of Appointment : |
18.06.1988 |
|
DIN No.: |
01018976 |
|
|
|
|
Name : |
Mr. Sanchit Gulati |
|
Designation : |
Whole-time director |
|
Address : |
117/H1/191, Pandu Nagar, |
|
Date of Appointment : |
03.10.2002 |
|
DIN No.: |
00944382 |
|
|
|
|
Name : |
Mrs. Pushpawanti Gulati |
|
Designation : |
Director |
|
Address : |
117/H1/191, Pandu Nagar, |
|
Date of Appointment : |
03.10.2002 |
|
DIN No.: |
00978986 |
|
|
|
|
Name : |
Mrs. Shampi Gulati |
|
Designation : |
Director |
|
Address : |
117/H1/191, Pandu Nagar, |
|
Date of Birth/Age : |
21.06.1983 |
|
Date of Appointment : |
30.09.2009 |
|
DIN No.: |
02226080 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Shiv Charanlal Gulati |
|
41968 |
|
Ragni Gulati |
|
84573 |
|
Pushpawanti Gulati |
|
63572 |
|
Sanchit Gulati |
|
60192 |
|
Gopika Gulati |
|
48672 |
|
Shampi Gulati |
|
931 |
|
Master Tanush Gulati |
|
60 |
|
Sanchit Gulati HUF |
|
20 |
|
Kamlesh Bagga |
|
12 |
|
Total |
|
300000 |
Equity Share Break up (Percentage of Total Equity)
As on : 29.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Importer of Aluminium Collapsible Tubes and
Capacitors. |
|
|
|
|
Products : |
· Aluminium Collapsible Tubes :- 2-200 gms · Lami Tubes :-10-50 gms · Pestisides Bottles :- 5-100 ml · Aluminium Capacitors · Aluminium Containers · Cans ·
Monoblock Bottles |
|
|
|
|
Imports : |
|
|
Products : |
Machinery |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS AS ON (31.03.2011)
|
Particulars |
Unit |
Actual Production |
|
Aluminium Plain Tubes |
Nos. |
50589675 |
|
Printed Tubes |
Nos. |
47452634 |
|
Lami Tubes |
Nos. |
3592563 |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
200 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
State Bank of ·
State Bank of ·
Small Industrial Development Bank of |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
CC – Rs. 3.000 Millions (State Bank of TL – Rs. 5.000 Millions (Small Industrial Development Bank of Rs in Millions
|
|
|
|
|
Auditors : |
|
|
Name : |
S. K. Kapoor and Company Chartered Accountants |
|
Address : |
16/98, |
|
Tel. No.: |
91-512-2312244/ 2530322/ 25300017 |
|
Fax No.: |
91-512-2530173 |
|
Income-tax
PAN of auditor or auditor's firm : |
AGXPS1736L |
CAPITAL STRUCTURE
As on : 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs. 10/- each |
Rs.3.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs. 10/- each |
Rs.3.000 Millions |
|
|
|
|
|
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 |
|
3.000 |
3.000 |
|
(b) Reserves & Surplus |
|
4.509 |
4.015 |
|
(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) |
|
7.509 |
7.015 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
4.019 |
8.849 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.026 |
0.031 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
4.045 |
8.880 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
18.437 |
14.054 |
|
(b) Trade payables |
|
9.152 |
9.819 |
|
(c) Other current
liabilities |
|
5.303 |
3.604 |
|
(d) Short-term provisions |
|
2.365 |
2.941 |
|
Total Current Liabilities (4) |
|
35.257 |
30.418 |
|
|
|
|
|
|
TOTAL |
|
46.811 |
46.313 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
13.695 |
15.746 |
|
(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) |
|
0.052 |
0.041 |
|
(d) Long-term Loan and Advances |
|
0.529 |
0.529 |
|
(e) Other Non-current assets |
|
0.081 |
0.087 |
|
Total Non-Current Assets |
|
14.357 |
16.403 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
5.261 |
6.550 |
|
(c) Trade receivables |
|
25.735 |
22.634 |
|
(d) Cash and cash
equivalents |
|
1.352 |
0.169 |
|
(e) Short-term loans
and advances |
|
0.104 |
0.554 |
|
(f) Other current
assets |
|
0.002 |
0.003 |
|
Total Current Assets |
|
32.454 |
29.910 |
|
|
|
|
|
|
TOTAL |
|
46.811 |
46.313 |
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
3.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
3.519 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
6.519 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
7.584 |
|
|
2] Unsecured Loans |
|
|
8.858 |
|
|
TOTAL BORROWING |
|
|
16.442 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
22.961 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
9.531 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.071 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
5.284
|
|
|
Sundry Debtors |
|
|
15.994
|
|
|
Cash & Bank Balances |
|
|
0.099
|
|
|
Other Current Assets |
|
|
3.338
|
|
|
Loans & Advances |
|
|
1.580
|
|
Total
Current Assets |
|
|
26.295 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
5.133
|
|
|
Other Current Liabilities |
|
|
2.462
|
|
|
Provisions |
|
|
5.341
|
|
Total
Current Liabilities |
|
|
12.936 |
|
|
Net Current Assets |
|
|
13.359 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
22.961 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
NA |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2.846 |
3.421 |
5.848 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.963 |
1.169 |
1.895 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
1.883 |
2.252 |
3.953 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Bonus Shares |
0.000 |
0.000 |
0.500 |
|
|
|
Transfer to General Reserve |
0.000 |
0.224 |
0.392 |
|
|
|
Dividend |
0.000 |
1.500 |
1.500 |
|
|
|
Tax on Dividend |
0.000 |
0.255 |
0.255 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
3.124 |
2.851 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.28 |
7.51 |
13.18 |
|
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Sales Turnover (Approximately) |
80.000 |
75.000 |
73.000 |
Expected Sales ( 2013-2014 ) : Rs. 90.000 Millions
The above information has been parted by Mr. Abhishek (Accountant)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.06
|
0.11 |
22.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.38
|
0.49 |
0.90 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.99
|
3.26 |
2.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.92
|
0.98 |
2.03 |
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
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 |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
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 |
UNSECURED LOANS :
(Rs in Millions)
|
PARTICULARS |
31.03.2012
|
31.03.2011
|
|
Loans from shareholders and Directors (Loans from shareholders are repayable on demand) |
13.945 |
11.054 |
|
Total |
13.945 |
11.054 |
INDEX OF CHARGE :
|
Sr .No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10396953 |
07/01/2013 |
5,000,000.00 |
Small Industries Development Bank of |
First Floor, |
B65877185 |
|
2 |
10197765 |
06/01/2010 |
7,500,000.00 |
SMALL INDUSTRIAL DEVELOPMENT BANK OF |
|
A76444686 |
|
3 |
10092312 |
18/02/2008 |
1,900,000.00 |
STATE BANK OF |
GUMTI NO. 5, |
A34095638 |
|
4 |
90276651 |
19/04/1998 * |
1,200,000.00 |
STATE BANK OF |
|
-- |
|
5 |
90278737 |
07/11/1994 |
1,200,000.00 |
STATE BANK OF |
|
-- |
|
6 |
90276450 |
16/11/1988 |
400,000.00 |
STATE BANK OF |
KAUSHALPURI BRANCH, |
-- |
|
7 |
90278311 |
28/01/1993 * |
400,000.00 |
STATE BANK OF |
KAUSHALPURI, |
-- |
FIXED ASSETS:
· Plant and Machinery
· Office Equipment
· Trays
· Generator Set
· Telephone (Intercom)
·
Telephone (
·
Electrical Installation
·
Fax Machine
·
Computer set
·
Cycle
·
Cars
·
Furniture and Fixtures
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No 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. 59.69 |
|
|
1 |
Rs. 91.66 |
|
Euro |
1 |
Rs. 78.69 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLV |
|
|
|
|
Report Prepared
by : |
|
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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.