MIRA
INFORM REPORT
|
Report Date : |
08.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
CLASSIC CITI INVESTMENTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Sun n Sand, 262, Bund Garden Road, Pune – 411001, Maharashtra |
|
|
|
|
Country : |
India |
|
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|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
30.07.1996 |
|
|
|
|
Com. Reg. No.: |
11-101444 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.59.161 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U67120PN1996PTC101444 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC7550P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Hospitality Services |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 8200000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
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|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track record. The management
has failed to filed its latest financials i.e. 2011-12 with the government
department. From the previous year financials it seems that the company is
continuously incurring losses from its operations. However, networth of the
company is satisfactory. Trade relations are reported as fair. Business is
active. Payment terms are unknown. The company can be considered for business dealings with some
cautions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
LONG TERM BANK FACILITIES : CARE BBB+ |
|
Rating Explanation |
Moderate degree of safety it carry moderate credit risk |
|
Date |
23.12.2011 |
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 DECLINED BY
|
Name : |
Mr. Kankaria |
|
Designation : |
Deputy Manager (Accounts) |
|
Contact No.: |
91-20-26167777 |
|
Date : |
07.03.2013 |
LOCATIONS
|
Registered Office : |
Sun n Sand, 262, Bund Garden Road, Pune – 411001, Maharashtra, India |
|
Tel. No.: |
91-20-26167777 |
|
Fax No.: |
91-20-26164747 |
|
E-Mail : |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Avinash Nivrutti Bhosale |
|
Designation : |
Director |
|
Address : |
Abeeys Palace, Ivery Estate, S No.13, Baner Road, Pune – 411008,
Maharashtra, India |
|
Date of Birth/Age : |
15.12.1960 |
|
Date of Appointment : |
10.10.2002 |
|
DIN No.: |
00037311 |
|
|
|
|
Name : |
Mr. Amit Avinash Bhosale |
|
Designation : |
Managing Director |
|
Address : |
Abeeys Palace, Ivery Estate, S No.13, Baner Road, Pune – 411008,
Maharashtra, India |
|
Date of Birth/Age : |
25.11.1982 |
|
Date of Appointment : |
01.11.2010 |
|
DIN No.: |
00062354 |
|
|
|
|
Name : |
Mr. Gul Ramchand Advani |
|
Designation : |
Whole-Time Director |
|
Address : |
61, Devi Bhavan, 38 Napean Sea Road, Mumbai – 400026, Maharashtra,
India |
|
Date of Birth/Age : |
16.11.1937 |
|
Date of Appointment : |
10.10.2002 |
|
DIN No.: |
00283420 |
|
|
|
|
Name : |
Mr. Rajesh Gul Advani |
|
Designation : |
Managing Director |
|
Address : |
61, Devi Bhavan, 38 Napean Sea Road, Mumbai – 400026, Maharashtra,
India |
|
Date of Birth/Age : |
27.08.1971 |
|
Date of Appointment : |
10.10.2002 |
|
DIN No.: |
00283718 |
KEY EXECUTIVES
|
Name : |
Mr. Kankaria |
|
Designation : |
Deputy Manager (Accounts) |
|
|
|
|
Name : |
Mr. Stephan Winkler |
|
Designation : |
General Manager |
|
|
|
|
Name : |
Mr. Anuraag Bhatnagar |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Avinash Nivrutti Bhosale |
|
1479028 |
|
Amit Avinash Bhosale |
|
1479027 |
|
Sun N Sand Hotels Private Limited, India |
|
2958055 |
|
Total |
|
5916110 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
|
Percentage |
|
Bodies corporate |
|
50.00 |
|
Directors or relatives of directors |
|
50.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Hospitality Services. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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Bankers : |
·
Bank of India, Pune Large Corporate Branch,
University Road, Shivaji Nagar, Pune - 411005, Maharashtra, India ·
The Saraswat Co-Operative Bank Limited, C-2, Kohinoor
Estate Co-Operative Bank Limited, Plot No.12, Mula Road, Sangamwadi, Pune -
411003, Maharashtra, India |
||||||||||||||||||
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Facilities : |
(Rs.
In Millions)
|
|
|
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
RSVA and Company Chartered Accountants |
|
Address : |
# 30, Prestige Point, 1st Floor, 283, Shukrawar Peth, Pune-411002, Maharashtra, India |
|
PAN No.: |
AAYFS1415P |
|
|
|
|
Related Parties : |
· First Fitness (India) Private Limited · F2 Fun Fitness Private Limited · Sun –N-Sand Hotels Private Limited · Shalimar Visuals Private Limited · Classic Citi Investments Private Limited · Avinash Bhosale Infrastructure Private Limited ·
ABIL Infraprojects Limited (Formerly known as
Ramu Real Estate Developers Limited) |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5916110 |
Equity Shares |
Rs.10/- each |
Rs.59.161
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
59.161 |
59.161 |
59.161 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1986.063 |
2149.374 |
2200.043 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2045.224 |
2208.535 |
2259.204 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1495.653 |
2047.812 |
1302.926 |
|
|
2] Unsecured Loans |
1505.855 |
1121.355 |
706.355 |
|
|
TOTAL BORROWING |
3001.508 |
3169.167 |
2009.281 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
19.066 |
|
|
|
|
|
|
|
|
TOTAL |
5046.732 |
5377.702 |
4287.551 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
4628.071 |
4927.793 |
1894.493 |
|
|
Capital work-in-progress |
279.250 |
193.305 |
2354.018 |
|
|
|
|
|
|
|
|
INVESTMENT |
4.185 |
274.075 |
0.096 |
|
|
DEFERREX TAX ASSETS |
90.702 |
14.903 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
30.542
|
19.323 |
12.745 |
|
|
Sundry Debtors |
65.604
|
29.187 |
16.269 |
|
|
Cash & Bank Balances |
79.562
|
74.056 |
89.941 |
|
|
Other Current Assets |
1.412
|
1.823 |
1.196 |
|
|
Loans & Advances |
69.370
|
68.411 |
193.344 |
|
Total
Current Assets |
246.490
|
192.800 |
313.495 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
112.557 |
167.645 |
74.072 |
|
|
Other Current Liabilities |
65.885
|
55.283 |
47.459 |
|
|
Provisions |
23.524
|
2.246 |
153.020 |
|
Total
Current Liabilities |
201.966
|
225.174 |
274.551 |
|
|
Net Current Assets |
44.524
|
(32.374) |
38.944 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
5046.732 |
5377.702 |
4287.551 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
995.392 |
634.815 |
398.730 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
730.643 |
470.304 |
193.892 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
264.749 |
164.511 |
204.838 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
183.378 |
84.954 |
43.434 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
81.371 |
79.557 |
161.404 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
316.343 |
157.729 |
58.349 |
|
|
|
|
|
|
|
|
|
|
PROFIT /
(LOSS) BEFORE TAX (E-F)
(G) |
(234.972) |
(78.172) |
103.055 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(75.436) |
(33.458) |
48.850 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(159.536) |
(44.714) |
54.205 |
|
|
|
|
|
|
|
|
|
Add |
PRIOR PERIOD
ADJUSTMENT |
1.882 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
272.693 |
318.605 |
264.400 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
9.064 |
1.198 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
105.975 |
272.693 |
318.605 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
109.823 |
203.882 |
|
|
TOTAL EARNINGS |
NA |
109.823 |
203.882 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
0.220 |
0.000 |
|
|
|
Stores & Spares |
NA |
0.016 |
1.287 |
|
|
|
Capital Goods |
NA |
81.633 |
79.565 |
|
|
TOTAL IMPORTS |
NA |
81.869 |
80.852 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(26.97) |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(16.03) |
(7.04) |
13.59 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(4.82) |
(1.53) |
4.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.11) |
(0.04) |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.47 |
1.43 |
0.89 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.22 |
0.86 |
1.14 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITOR
DETAILS
(Rs.
In Millions)
|
Particulars
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry
Creditors |
|
|
|
|
Due Others |
112.557 |
167.645 |
|
|
Total |
112.557 |
167.645 |
74.072 |
|
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 |
No |
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
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 |
DETAILS OF
UNSECURED LOAN
(Rs. In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
Loans from Directors |
780.855 |
583.405 |
|
Other Debt |
725.000 |
537.950 |
|
Total |
1505.855 |
1121.355 |
NOTE:
The registered office address of the company
has been shifted from “Holiday Inn Final, Plot No. 262, Cts No. 23, Bund Garden Road, Pune – 411004,
Maharashtra, India” to the present address w.e.f. 01.09.2012
OPERATIONS AND FUTURE
PROSPECTS
The company has earned an income of around Rs.995.300 Millions during the year as compared to income of Rs.634.800 Millions during the last year and a net loss of Rs.234.900 Millions during the year. Company is expected to do good business in future.
CONTINGENT LIABILITY (AS ON
31.03.2011)
Bank Guarantees - Rs.7.755 Millions (Previous Year Rs. 4.944 Millions)
FIXED ASSETS
·
Freehold Land
·
Buildings
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicles
·
Computers
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.54.74 |
|
|
1 |
Rs.82.14 |
|
Euro |
1 |
Rs.71.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
--EFP |
YES/NO |
NO |
|
TOTAL |
|
36 |
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.