MIRA
INFORM REPORT
|
Report Date : |
25.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
OIL AND GAS PLANT ENGINEERS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
108, Chhiranjiv Tower, 43, Nehru Place, New Delhi – 110019 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
02.02.1993 |
|
|
|
|
Com. Reg. No.: |
55-051967 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 8.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1993PTC051967 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is act as EPC (Engineering Procurement and Construction)
Providing Designing, Setting Up and Commissioning of Gas Storage and Handling
Systems from concept to commissioning.
|
|
|
|
|
No. of Employees
: |
85 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. There
appears some dip in the turnover and profitability of the company. However,
networth of the company appears to be satisfactory. Liquidity position of the
company is good. Trade relations are reported as fair. Business is active.
Payments are reported to be usually correct and as per commitment. The company can be considered normal for business dealings at usual
trade terms 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.
INFORMATION PARTED BY
|
Name : |
Mr. Vivek Madan |
|
Designation : |
Director |
|
Contact No.: |
91-9810044194 |
|
Date : |
13.07.2013 |
LOCATIONS
|
Registered Office : |
108, Chhiranjiv Tower, 43 Nehru Place, New Delhi – 110019 |
|
Tel. No.: |
91-11-46525002/26427233/26447007/26482594/46525001/26482593 |
|
Mobile No.: |
91-9810044194 (Mr. Vivek Madan) |
|
Fax No.: |
91-11-26482593 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Onkar Chadha |
|
Designation : |
Director |
|
Address : |
House No.452, Sector 14, Faridabad – 121007, Haryana, India |
|
Date of Birth/Age : |
02.06.1945 |
|
Date of Appointment : |
02.02.1993 |
|
DIN No.: |
00149094 |
|
|
|
|
Name : |
Mr. Vivek Madan |
|
Designation : |
Director |
|
Address : |
C-32, Shivalik, Near Malviya Nagar, New Delhi – 110017, India |
|
Date of Birth/Age : |
20.08.1959 |
|
Date of Appointment : |
02.02.1993 |
|
DIN No.: |
02048854 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Onkar Chadha |
|
400000 |
|
Vivek Madan |
|
400000 |
|
Total |
|
800000 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is act as EPC (Engineering Procurement and Construction) Providing
Designing, Setting Up and Commissioning of Gas Storage and Handling Systems
from concept to commissioning. |
|
|
|
|
Products : |
·
LPG/Propane storage systems ·
LPG bottling plants ·
Synthetic natural gas systems ·
Pressure reduction and metering stations ·
LPG/Propane/Ammonia gas storage tanks ·
LPG/propane pumps and compressors, fuel oil pumps ·
Gas leak detectors - fixed and portable ·
ALDS systems ·
LPG dispensers ·
LPG submersible pumps ·
Top mounted LPG pumps ·
Secondary seals ·
Smart gas meters and gas leak check valves ·
Loading arms ·
Centrifugal blowers |
|
|
|
|
Terms : |
|
|
Selling : |
Cash / Credit (30 Days) |
|
|
|
|
Purchasing : |
Cash / Credit (30 Days) |
GENERAL INFORMATION
|
Customers : |
Manufacturer |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
85 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
· Canara Bank, 36-Community Centre, East of Kailash, New Delhi - 110065, India · ICICI Bank Limited · Punjab National Bank · HDFC Bank Limited |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Surinder and Associates Chartered Accountants |
|
Address : |
113, Sector-7A, Faridabad – 121006, Haryana, India |
|
PAN No.: |
AATPG3000D |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
800000 |
Equity Shares |
Rs.10/- each |
Rs.8.000
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 |
|
8.000 |
2.000 |
|
(b) Reserves & Surplus |
|
43.913 |
45.670 |
|
(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) |
|
51.913 |
47.670 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.735 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.870 |
0.861 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
1.605 |
0.861 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
1.314 |
0.000 |
|
(b) Trade payables |
|
30.747 |
39.566 |
|
(c) Other current
liabilities |
|
1.048 |
3.262 |
|
(d) Short-term provisions |
|
2.474 |
3.759 |
|
Total Current Liabilities (4) |
|
35.583 |
46.587 |
|
|
|
|
|
|
TOTAL |
|
89.101 |
95.118 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
6.999 |
5.393 |
|
(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 |
7.237 |
|
Total Non-Current Assets |
|
6.999 |
12.630 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
10.888 |
23.147 |
|
(c) Trade receivables |
|
54.774 |
45.872 |
|
(d) Cash and cash
equivalents |
|
1.499 |
3.037 |
|
(e) Short-term loans and
advances |
|
14.941 |
9.643 |
|
(f) Other current assets |
|
0.000 |
0.789 |
|
Total Current Assets |
|
82.102 |
82.488 |
|
|
|
|
|
|
TOTAL |
|
89.101 |
95.118 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
45.666 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
47.666 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
1.203 |
|
|
2] Unsecured Loans |
|
|
1.600 |
|
|
TOTAL BORROWING |
|
|
2.803 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
50.469 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
12.455 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
10.252 |
|
|
Sundry Debtors |
|
|
48.944 |
|
|
Cash & Bank Balances |
|
|
1.412 |
|
|
Other Current Assets |
|
|
13.606 |
|
|
Loans & Advances |
|
|
3.523 |
|
Total
Current Assets |
|
|
77.737 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
31.128 |
|
|
Other Current Liabilities |
|
|
4.544 |
|
|
Provisions |
|
|
4.051 |
|
Total
Current Liabilities |
|
|
39.723 |
|
|
Net Current Assets |
|
|
38.014 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
50.469 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
174.909 |
205.445 |
223.396 |
|
|
|
Other Income |
0.230 |
0.650 |
1.563 |
|
|
|
TOTAL (A) |
175.139 |
206.095 |
224.959 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
109.545 |
|
|
|
|
|
Employee Benefits Expense |
9.249 |
8.916 |
NA |
|
|
|
Other Expenses |
47.536 |
67.374 |
|
|
|
|
TOTAL (B) |
166.330 |
193.423 |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
8.809 |
12.672 |
NA |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.779 |
1.152 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.030 |
11.520 |
NA |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.870 |
0.817 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
6.160 |
10.703 |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.917 |
3.594 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
4.243 |
7.109 |
7.634 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.30 |
35.55 |
NA |
|
%20PRIVATE%20LIMITED%20-228275%2025-Jul-2013_files/image001.gif){kind=small}
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
200.000 |
Expected Sales (2013-14) : More than Rs.300.000 Millions
The above information has been parted by Mr. Vivek Madan
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.42
|
3.45 |
3.39 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.52
|
5.21 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.91
|
11.25 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.22 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.04
|
0.00 |
0.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.31
|
1.77 |
1.96 |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
Yes |
|
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 |
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
SHORT TERM BORROWINGS |
|
|
|
Canara Bank (O/D) |
1.314 |
0.000 |
|
Total |
1.314 |
0.000 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured Rs. In millions |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10094181 |
12/03/2008 |
51.500 |
CANARA BANK |
36-COMMUNITY CENTRE, EAST OF KAILASH, NEW DELHI - 110065, INDIA |
A35045566 |
|
2 |
10094183 |
12/03/2008 |
51.500 |
CANARA BANK |
36-COMMUNITY CENTRE, EAST OF KAILASH, NEW DELHI - 110065, INDIA |
A35045541 |
|
3 |
90063437 |
23/03/2005 * |
4.000 |
CANARA BANK |
EAST OF KAILASH, NEW DELHI, INDIA |
- |
|
4 |
90063143 |
23/03/2005 * |
4.000 |
CANARA BANK |
EAST OF KAILASH, NEW DELHI, INDIA |
- |
|
5 |
90062038 |
22/03/2012 * |
65.000 |
CANARA BANK |
37-38, COMMUNITY CENTRE, EAST OF KAILASH, NEW DEL |
B36497386 |
|
6 |
90060668 |
22/05/1995 * |
2.500 |
CANARA BANK |
EAST OF KAILASH, NEW DELHI, INDIA |
- |
FIXED ASSETS
· Computer and Ups
· Invertor
· Fax Machine
· Furniture and Fixture Cars
· Agricultural Land
· Building
· Scooter
· Cellular Phone
· Welding Machine
· Cycles
· Pager
· Safety Velt
· Weight and Measure
· Airconditioners
· Air Cooler
· Flat Atahmadabad
· Diesel Generator
· Camera
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.58.94 |
|
|
1 |
Rs.90.48 |
|
Euro |
1 |
Rs.77.87 |
INFORMATION DETAILS
|
Information Gathered
by : |
JML |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
|
46 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.