MIRA INFORM REPORT
|
Report Date : |
30.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
HTP GLOBAL TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
HTP SYSTEMS PRIVATE LIMITED |
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Registered
Office : |
12, Vishnu Sadan, S V Road, Near Filmistan Studio, Goregaon (West), Mumbai – 400062, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of Incorporation
: |
12.04.1999 |
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|
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|
Com. Reg. No.: |
11-119359 |
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Capital
Investment / Paid-up Capital : |
Rs. 6.537 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30007MH1999PTC119359 |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMH07191C |
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PAN No.: [Permanent Account No.] |
AAACH7385Q |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Software Solution. |
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|
No. of Employees
: |
20 (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 227000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a satisfactory track record. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
SE 2B |
|
Rating Explanation |
Moderate financial strength and high
performance capability |
|
Date |
11.09.2012 |
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. Amit Patil |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-61960900 |
|
Date : |
29.07.2013 |
LOCATIONS
|
Registered Office : |
12, Vishnu Sadan, S V Road, Near Filmistan Studio,
Goregaon (West), Mumbai – 400062, Maharashtra, India |
|
Tel. No.: |
91-22-61960900 |
|
Fax No.: |
91-22-61960960 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
|
|
|
Corporate/ Sales/ Admin Office : |
901, 9th Techniplex-II, Goregaon East West Floor Bridge, Off S. V. Road, Goregaon (West), Mumbai – 400062, Maharashtra, India |
|
Tel. No.: |
91-22–61960900/ 67970001-02 |
|
Fax No.: |
91-22–61960960 |
|
|
|
|
Middle East Office
: |
F404, Musabeh Ahmad Mohd AlGaizi Building Deira, P O BOX 121911, Dubai, United Arab Emirates |
|
Tel. No.: |
19-714-2550624 |
|
Fax No.: |
19-714-2550624 |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Rajiv Gurucharan Jain |
|
Designation : |
Managing director |
|
Address : |
204, Indrapuri, S. V. Road, Opposite Cine Max, Goregaon (West), Mumbai
– 400062, Maharashtra, India |
|
Date of Birth/Age : |
20.04.1970 |
|
Date of Appointment : |
12.01.1999 |
|
DIN No.: |
01212481 |
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|
|
|
Name : |
Mrs. Seema Rajiv Jain |
|
Designation : |
Director |
|
Address : |
204, Indrapuri, S. V. Road, Opposite Cine Max, Goregaon (West), Mumbai – 400062, Maharashtra, India |
|
Date of Birth/Age : |
31.12.1972 |
|
Date of Appointment : |
12.04.1999 |
|
DIN No.: |
01212470 |
KEY EXECUTIVES
|
Name : |
Mr. Amit Patil |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Rajiv Gurucharan Jain |
|
269188 |
|
Rajiv Gurucharan Jain (HUF) |
|
206500 |
|
Seema Rajiv Jain |
|
132400 |
|
Ambuj Gurucharan Jain |
|
30000 |
|
Pankaj Gurucharan Jain |
|
15000 |
|
Gurucharan Moolchand Jain |
|
593 |
|
|
|
|
|
Total |
|
653681 |
AS ON 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
68.41 |
|
Other top fifty shareholders |
31.59 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Software Solution. |
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Imports : |
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Products : |
Computer Hardware |
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Countries : |
· Singapore |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users
· ICICI Bank · Mahindra · NALCO · Indian Railway · Tata Interactive Systems · Municipal Corporation of Greater Mumbai · UTI · Videocon · Voltas Limited · Tata Consultancy Systems · Anchor Mark Private Limited · Fastrack · HCL · HSBC Bank · Standard Chartered Bank |
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No. of Employees : |
20 (Approximately) |
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Bankers : |
· Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227 D, Nariman Point, Mumbai - 400021, Maharashtra, India Tel. No.: 91-22-22855577 · Standard Chartered Bank |
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Facilities : |
CC – Rs. 25.000 Millions [From Standard Chartered Bank] CC – Rs. 10.000 Millions [From Kotak Mahindra Bank Limited]
|
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
P.L. Vaghela and Company Chartered Accountants |
|
Address : |
201, Audumber, Opposite Mangalya Hall, Hindu Friends Society Road, Jogeshwari (East), Mumbai – 400060, Maharashtra, India |
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PAN.: |
AAAPV6306Q |
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Related Party : |
HTO Cyberline Solution Private Limited |
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 |
|
|
|
|
|
|
653681 |
Equity Shares |
Rs.10/- each |
Rs. 6.537
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 |
|
6.537 |
6.537 |
|
(b) Reserves & Surplus |
|
50.129 |
46.256 |
|
(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) |
|
56.666 |
52.793 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
28.717 |
30.510 |
|
(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) |
|
28.717 |
30.510 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
11.898 |
0.368 |
|
(b)
Trade payables |
|
21.195 |
44.465 |
|
(c)
Other current liabilities |
|
0.763 |
0.679 |
|
(d)
Short-term provisions |
|
2.562 |
1.098 |
|
Total
Current Liabilities (4) |
|
36.418 |
46.610 |
|
|
|
|
|
|
TOTAL |
|
121.801 |
129.913 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
41.604 |
39.177 |
|
(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) |
|
0.320 |
0.352 |
|
(d) Long-term Loan
and Advances |
|
0.000 |
0.000 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
41.924 |
39.529 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
8.690 |
27.509 |
|
(b)
Inventories |
|
14.203 |
13.857 |
|
(c)
Trade receivables |
|
29.648 |
39.418 |
|
(d)
Cash and cash equivalents |
|
4.090 |
1.814 |
|
(e)
Short-term loans and advances |
|
0.827 |
4.430 |
|
(f)
Other current assets |
|
22.419 |
3.356 |
|
Total
Current Assets |
|
79.877 |
90.384 |
|
|
|
|
|
|
TOTAL |
|
121.801 |
129.913 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
6.537 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
42.161 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
48.698 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
3.585 |
|
|
2] Unsecured Loans |
|
|
0.731 |
|
|
TOTAL BORROWING |
|
|
4.316 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
53.014 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
6.797 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
34.580 |
|
|
DEFERREX TAX ASSETS |
|
|
0.435 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
11.164 |
|
|
Sundry Debtors |
|
|
55.058 |
|
|
Cash & Bank Balances |
|
|
13.328 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
8.942 |
|
Total
Current Assets |
|
|
88.492 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
75.918 |
|
|
Other Current Liabilities |
|
|
0.639 |
|
|
Provisions |
|
|
0.733 |
|
Total
Current Liabilities |
|
|
77.290 |
|
|
Net Current Assets |
|
|
11.202 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
53.014 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
165.600 |
117.200 |
108.607 |
|
|
|
Income from Operating Activities |
NA |
NA |
2.324 |
|
|
|
Other Income |
NA |
NA |
2.140 |
|
|
|
TOTAL |
NA |
NA |
113.071 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
99.579 |
|
|
|
Employee Cost |
|
|
3.534 |
|
|
|
Office Administration Expenses and Selling Expenses |
|
|
5.490 |
|
|
|
Audit Fees |
|
|
0.020 |
|
|
|
TOTAL |
NA |
NA |
108.623 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
4.448 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
1.076 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
NA |
3.372 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
0.631 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
3.873 |
5.130 |
2.741 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
20.407 |
0.000 |
NA |
|
|
|
|
|
|
|
|
|
|
VALUE OF IMPORTS |
13.708 |
8.953 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.93 |
6.26 |
288.48 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
220.000 |
|
|
|
|
|
Expected Sales (2013-2014): Rs. 540.000 Millions
The above information has been parted by Mr. Amit Patil [Accounts
Manager]
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA |
2.42 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
3.10 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA |
3.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.72
|
0.58 |
0.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.19
|
1.94 |
1.14 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT : NOT AVAILABLE
|
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 |
Yes |
|
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 |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10341720 |
29/04/2013 * |
40,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
B74207309 |
|
2 |
10264016 |
25/01/2011 |
30,600,000.00 |
STANDARD CHARTERED BANK |
STANDARD CHARTERED
TOWER, 201, B/1 WESTERN EXPRES |
B04068292 |
* Date of charge modification
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
SHORT TERM
BORROWINGS |
|
|
|
Loan and advance from related parties Rajiv Jain - HUF |
0.599 |
0.100 |
|
Due To Directors |
|
|
|
Seema Jain |
0.338 |
0.000 |
|
Rajiv Jain |
2.454 |
0.268 |
|
Total |
3.391 |
0.368 |
FIXED ASSETS
· Motor Car
· Furniture
· Office Appliances
· Computer and Printer
· Cellular Phone
· Air Conditioner
· Techniplex Office Premises
· Software
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. 59.30 |
|
|
1 |
Rs. 91.18 |
|
Euro |
1 |
Rs. 78.71 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--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.