|
Report Date : |
26.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
CHEMICAL SUPPLIERS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2282 Gali Hingabeg, Tilak Bazar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
17.11.1997 |
|
|
|
|
Com. Reg. No.: |
55-090695 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.524 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24299DL1997PTC090695 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELC04504D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of Chemical. |
|
|
|
|
No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 43000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Trade relations are reported as fair. Business is active. Payment
terms are slow but correct. The company can be considered 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.
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 (GENERAL DETAILS)
|
Name : |
Mr. Daya Prakash |
|
Designation : |
Finance Executive |
|
Contact No.: |
91-11-23942150 |
|
Date : |
24.06.2013 |
LOCATIONS
|
Registered Office : |
2282 Gali Hingabeg, Tilak Bazar, New Delhi – 110006, India |
|
Tel. No.: |
91-11-23942150/23928154/23953281/23928154 |
|
Fax No.: |
91-11-23945544 |
|
Email: |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Anil Kumar |
|
Designation : |
Director |
|
Address : |
BN – 57, East Shalimar Bagh, Third Floor, Delhi – 110088, India |
|
Date of Appointment : |
17.11.1997 |
|
DIN No.: |
00891739 |
|
|
|
|
Name : |
Mr. Ankur Aggarwal |
|
Designation : |
Director |
|
Address : |
BN – 57, East Shalimar Bagh, Third Floor, Delhi – 110088, India |
|
Date of Appointment : |
17.11.1997 |
|
DIN No.: |
01288632 |
KEY EXECUTIVES
|
Name : |
Mr. Daya Prakash |
|
Designation : |
Finance Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Anil Kumar |
|
28900 |
|
Rekha Gupta |
|
43000 |
|
Ankur Aggarwal |
|
35000 |
|
Sushil Gupta |
|
500 |
|
Vasudha Agarwal |
|
45000 |
|
Total |
|
152400 |
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 : |
Trader and Importer of Chemical. |
|
|
|
|
Imports : |
|
|
Products : |
Chemical |
|
Countries : |
·
China ·
Taiwan |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30-60 Days) |
|
|
|
|
Purchasing : |
L/C, Cash and Credit (30-60 Days) |
GENERAL INFORMATION
|
Customers : |
·
End Users ·
OEM’s |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
15 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
UCO Bank, H-46, Connaught Place, New Delhi – 110001, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Sumit Mohit and Company Chartered Accountants |
|
Address : |
111, Tirupati Plaza, A/212C, Gali No. 1, Shakarpur, New Delhi -110092,
India |
|
PAN N Income-tax PAN of auditor or auditor’s firm : |
ABKFS0788A
|
|
|
|
|
Related Parties: |
Rashtriya Chemical Industries |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
310000 |
Equity Shares |
Rs.10/- each |
Rs. 3.100 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
152400 |
Equity Shares |
Rs.10/- each |
Rs. 1.524
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 |
|
1.524 |
1.524 |
|
(b) Reserves & Surplus |
|
7.979 |
6.052 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
1.191 |
1.191 |
|
Total
Shareholders’ Funds (1) + (2) |
|
10.694 |
8.767 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
15.456 |
4.226 |
|
(b) Deferred tax liabilities (Net) |
|
0.438 |
0.366 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
15.894 |
4.592 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
3.009 |
2.990 |
|
(b) Trade payables |
|
132.767 |
116.601 |
|
(c) Other current
liabilities |
|
2.203 |
1.427 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
Total Current Liabilities (4) |
|
137.979 |
121.018 |
|
|
|
|
|
|
TOTAL |
|
164.567 |
134.377 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
5.773 |
6.042 |
|
(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 |
|
5.773 |
6.042 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
10.691 |
0.000 |
|
(b) Inventories |
|
8.046 |
6.826 |
|
(c) Trade receivables |
|
98.448 |
88.745 |
|
(d) Cash and cash
equivalents |
|
26.223 |
30.614 |
|
(e) Short-term loans and
advances |
|
14.091 |
0.515 |
|
(f) Other current assets |
|
1.295 |
1.635 |
|
Total Current Assets |
|
158.794 |
128.335 |
|
|
|
|
|
|
TOTAL |
|
164.567 |
134.377 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1.524 |
|
|
2] Share Application Money |
|
|
1.191 |
|
|
3] Reserves & Surplus |
|
|
3.585 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
6.300 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
2.076 |
|
|
2] Unsecured Loans |
|
|
2.716 |
|
|
TOTAL BORROWING |
|
|
4.792 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.275 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
11.367 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
6.327 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
2.869
|
|
|
Sundry Debtors |
|
|
35.670
|
|
|
Cash & Bank Balances |
|
|
20.946
|
|
|
Other Current Assets |
|
|
0.814
|
|
|
Loans & Advances |
|
|
0.510
|
|
Total
Current Assets |
|
|
60.809
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
53.432
|
|
|
Other Current Liabilities |
|
|
2.337
|
|
|
Provisions |
|
|
0.000
|
|
Total
Current Liabilities |
|
|
55.769
|
|
|
Net Current Assets |
|
|
5.040
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
11.367 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
NA |
311.882 |
166.894 |
|
|
|
Other Income |
NA |
6.904 |
NA |
|
|
|
TOTAL |
NA |
318.786 |
NA |
|
|
|
|
|
|
|
|
|
EXPENSES |
NA |
314.876 |
166.178 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2.789 |
3.570 |
1.450 |
|
|
|
|
|
|
|
|
|
|
TAX |
NA |
1.103 |
0.448 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1.927 |
2.467 |
1.002 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
12.65 |
16.18 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
0.77 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
1.14 |
0.87 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.69
|
2.67 |
2.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26
|
0.41 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.73
|
0.82 |
0.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.15
|
1.06 |
1.09 |
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
two 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 |
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 |
PERFORMANCE
During the period
the company has earned
a net Profit
of Rs.2.789 Millions. The
directors expect that
the performance of
the company in
the current financial
year will be
quite satisfactory. The
directors will continue
in their endeavor
to improve the
working of the Company.
UNSECURED LOAN
|
PARTICULARS |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
From Directors Shareholders |
3.334 |
2.948 |
|
Total |
3.334 |
2.948 |
|
Short-term
borrowings |
|
|
|
Bank O/D |
3.009 |
2.990 |
|
Total |
3.009 |
2.990 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U24299DL1997PTC090695 |
|
Name of the
company |
CHEMICAL
SUPPLIERS INDIA PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
2282 Gali Hingabeg, Tilak Bazar, New Delhi – 110006, India Email: mohit.4ca@gmail.com |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10164927 |
|
Type of charge |
·
Book debts ·
Movable
property (not being pledge) ·
Current Assets |
|
Particular of
charge holder |
CIN: U24299DL1997PTC090695 UCO Bank, H-46, Connaught Place, New Delhi – 110001, India Email: delhiroc@jksco.in |
|
Nature of
instrument creating charge |
1. Hypothecation
of Goods to secure a demand cash credit 2. Agreement for
extension of charge by way of Hypothecation over Current Assets to secure
Non-Fund based facilities. 3. Hypothecation
& Book debts to secure demand cash-credit. |
|
Date of
instrument Creating the charge |
07.09.2012 |
|
Amount secured by
the charge |
Rs.21.000 Millions
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest on Cash
Credit shall be charged @ 4.00 % over the UCO Bank Base rate with a minimum
of 14.50% p.a. with monthly rests. Terms of Repayment
Working Capital:
Repayable on demand Margin 25% on Stocks 40% on Book Debts (upto 90 days) 20% Cash margin
on ILC/FLC Extent and
Operation of the charge The assets as
mentioned hereunder are hypothecated to secure following credit facilities aggregating
to Rs.21.000 Millions granted by the Bank to the Borrower:- 1. CC(Stocks and
Book Debts)-Rs. 3.000 Millions 2. ILC/FLC -Rs. 18.000
Millions TOTAL- Rs. 21.000 Millions Others 2THS |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
all current assets including stocks of chemicals, packing materials, finished
goods and all other articles of goods,
stocks and movable property of any kind whatsoever which now or hereafter from
time to time during this security shall be brought into stored or be in about
the borrowers premises godowns, factory, open space, factories etc, wherever
else they may be be included in
particular such stocks stored in the premises/warehouse godown situated at
2282/15, Gali Hinga Bag, Tilak Bazar, Delhi or any other place/ godwon Hypothecation of all
Borrowers present and future book debt, bills, money receivables, claims etc Extension of
Equitable Mortgage over the Residential Property at 57, Block BN (East) 3rd
Floor Shalimar Bagh Delhi 110088 in the name of Mrs Rekha Gupta |
|
Date of instrument
modifying the charge |
09.05.2011 |
|
Particulars of
the present modification |
The overall
credit facilities granted by the bank has now been renewed from Rs.22.000
Millions to Rs 21.000 Millions. Therefore, total amount of charge secured
against hypothecation of entire current assets, stocks, book debts etc. above
has now been modified from Rs.22.000 Millions to Rs.21.000 Millions and
breakup of credit facilities. |
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.59.70 |
|
|
1 |
Rs.92.25 |
|
Euro |
1 |
Rs.78.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.