|
Report Date : |
27.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
RIGHTCHOICE TOURS - N - TRAVELS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
101, IVY Centre, Patel Estate Road, Jogeshwari (West), Mumbai – 400102, Maharashtra |
|
|
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|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
09.06.1998 |
|
|
|
|
Com. Reg. No.: |
11-115275 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 12.879 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63040MH1998PTC115275 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Travel Agent (Providing Tours and Travelling Services) |
|
|
|
|
No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 100000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is a relatively small company having a moderate track record.
Its scale of activities are limited. Profitability of the company appears to
be low. However, trade relations are reported as fair. Business is active.
Payments are reported to be slow. The company can be considered for business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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. Rajesh Pannalal Poddar |
|
Designation : |
Director |
|
Contact No.: |
91-9819803022 |
|
Date : |
24.05.2013 |
LOCATIONS
|
Registered Office : |
101, IVY Centre, Patel Estate Road, Jogeshwari (West),
Mumbai – 400102, Maharashtra, India |
|
Tel. No.: |
91-22-26789270/ 26786504 |
|
Mobile No.: |
91-9819803022 (Mr. Rajesh Poddar) |
|
Fax No.: |
91-22-26781439/ 267799362 |
|
E-Mail : |
DIRECTORS
As on: 28.09.2012
|
Name : |
Mr. Sunilkumar Beniprasad Goenka |
|
Designation : |
Director |
|
Address : |
20th Vinayakunj, 12th Road, J.V.P.D Scheme, Vile
Parle (West), Mumbai – 400 049, Maharashtra, India |
|
Date of Birth/Age : |
19.06.1967 |
|
Date of Appointment : |
25.06.1998 |
|
DIN No.: |
00016707 |
|
|
|
|
Name : |
Mr. Vishal Sushil Kumar Goenka |
|
Designation : |
Director |
|
Address : |
House Plot No. 20, Road No. 20, J.V.P.D. Scheme, Vile Parle (West),
Mumbai – 400 049, Maharashtra, India |
|
Date of Birth/Age : |
11.04.1972 |
|
Date of Appointment : |
01.10.1998 |
|
DIN No.: |
00016950 |
|
|
|
|
Name : |
Mr. Pradeep Phulchand Agarwal |
|
Designation : |
Director |
|
Address : |
Plot No. 4, Villa B, Pochkhanwala Road, Near Godrej Tower, Worli
Seaface, Worli, Mumbai – 400 030, Maharashtra, India |
|
Date of Birth/Age : |
27.06.1963 |
|
Date of Appointment : |
16.10.1999 |
|
DIN No.: |
00026779 |
|
|
|
|
Name : |
Mr. Neeraj Sajjan Goenka |
|
Designation : |
Director |
|
Address : |
4, Shiv Kunj, 11th Road, J.V.P.D. Scheme, Juhu, Mumbai – 400
049, Maharashtra, India |
|
Date of Birth/Age : |
24.06.1972 |
|
Date of Appointment : |
09.06.1998 |
|
DIN No.: |
00745541 |
|
|
|
|
Name : |
Mr. Rajesh Pannalal Poddar |
|
Designation : |
Director |
|
Address : |
19, Maheshwar Niwas, |
|
Date of Birth/Age : |
29.11.1972 |
|
Date of Appointment : |
09.06.1998 |
|
DIN No.: |
01154130 |
|
|
|
|
Name : |
Mr. Arunkumar Sajjankumar Goenka |
|
Designation : |
Director |
|
Address : |
4, Shiv Kunj, 11th Road, J.V.P.D. Scheme, Juhu, Mumbai –
400 049, Maharashtra, India |
|
Date of Birth/Age : |
17.08.1967 |
|
Date of Appointment : |
01.05.1999 |
|
DIN No.: |
01230401 |
|
|
|
|
Name : |
Mrs. Alka Rajesh Poddar |
|
Designation : |
Director |
|
Address : |
19, Maheshwar Niwas, |
|
Date of Birth/Age : |
28.02.1972 |
|
Date of Appointment : |
09.06.1998 |
|
DIN No.: |
02752331 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Abhishek Poddar |
|
142750 |
|
Alka Poddar |
|
110 |
|
Anshu Poddar |
|
150 |
|
Ashish Poddar |
|
5500 |
|
Arun Goenka |
|
127 |
|
Bhagirathi Devi Poddar |
|
40670 |
|
Gopal Poddar |
|
53600 |
|
Gopal Poddar (HUF) |
|
450 |
|
Kiran Poddar |
|
2850 |
|
Neeraj Goenka |
|
235 |
|
Nitesh Poddar |
|
3400 |
|
Prakash Poddar (HUF) |
|
2500 |
|
Pannalal Poddar |
|
78500 |
|
Pannalal Poddar (HUF) |
|
9450 |
|
Prakash Poddar |
|
850 |
|
Premlata Devi Poddar |
|
800 |
|
Pushpa Poddar |
|
258169 |
|
Rajesh Pannalal Poddar (HUF) |
|
20010 |
|
Ruchi Poddar |
|
500 |
|
Rupesh Poddar |
|
81230 |
|
Sorabh Poddar |
|
20010 |
|
Sorabh Poddar (HUF) |
|
5000 |
|
Sunil Goenka |
|
10 |
|
Vikas Poddar |
|
3050 |
|
Vinod Poddar |
|
4500 |
|
Vinod Poddar (HUF) |
|
22250 |
|
Kush Poddar (Minor Through N/G Vikas Poddar) |
|
247500 |
|
Snigdha Poddar (Minor Through N/G Sorabh Poddar) |
|
283750 |
|
Total |
|
1287921 |
Equity Share Break up (Percentage of Total Equity)
As on: 28.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Travel Agent (Providing Tours and Travelling Services) |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Others |
|
|
|
|
No. of Employees : |
15 (Approximately) |
|
|
|
|
Bankers : |
· Citi Bank, Mumbai, Maharashtra, India · HDFC Bank Limited, Mumbai, Maharashtra, India · State Bank of India, Jogeshwari (West), Mumbai, Maharashtra, India · Standard Chartered Bank, Mumbai, Maharashtra, India · ICICI Bank Limited |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Gautam D. Shah and Company Chartered Accountants |
|
Address : |
16, Shiv Ashish, 66, S. V. Road, Opposite ICICI Bank, Andheri (West),
Mumbai – 400 058, Maharashtra, India |
|
PAN No.: |
ALSPS4475J |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1287921 |
Equity Shares |
Rs.10/- each |
Rs. 12.879
Millions |
|
|
|
|
|
Shareholders holding
more than 5% shares
|
Name of Shareholder |
No of Equity shares held |
Percentage |
|
Abhishek Poddar |
142750 |
11.08 |
|
Pannalal Poddar |
78500 |
6.10 |
|
Pushadevi Poddar |
258169 |
20.01 |
|
Rupesh Poddar |
81230 |
6.31 |
|
Kush Poddar |
247500 |
19.22 |
|
Snigdha Poddar |
283750 |
22.03 |
Reconciliation of
number of shares
|
Particulars |
Number |
Rs. In Millions |
|
Shares outstanding at the beginning of the year |
1287921 |
12.879 |
|
Shares Issued during the year |
- |
- |
|
Shares bought back during the year |
- |
- |
|
Shares outstanding at the end of the year |
1287921 |
12.879 |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
12.879 |
12.879 |
12.879 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
23.177 |
22.773 |
22.910 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
36.056 |
35.652 |
35.789 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
7.789 |
3.400 |
0.000 |
|
|
TOTAL BORROWING |
7.789 |
3.400 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
43.845 |
39.052 |
35.789 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
21.846 |
23.149 |
21.047 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
7.813 |
1.111 |
5.208 |
|
|
DEFERREX TAX ASSETS |
0.255 |
0.428 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000
|
0.000
|
|
|
Sundry Debtors |
19.444
|
14.391
|
14.190
|
|
|
Cash & Bank Balances |
(4.455)
|
(0.738)
|
(5.353)
|
|
|
Other Current Assets |
0.871
|
0.946
|
0.000
|
|
|
Loans & Advances |
0.000
|
0.000
|
1.094
|
|
Total
Current Assets |
15.860
|
14.599
|
9.931 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
1.922
|
0.225
|
0.243 |
|
|
Other Current Liabilities |
0.000
|
0.000
|
0.154
|
|
|
Provisions |
0.007
|
0.010
|
0.000 |
|
Total
Current Liabilities |
1.929
|
0.235
|
0.397 |
|
|
Net Current Assets |
13.931
|
14.364
|
9.534 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
43.845 |
39.052 |
35.789 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
GROSS RECEIPTS |
12.029 |
11.223 |
10.929 |
|
|
|
|
|
|
|
Less |
EXPENSES |
9.501 |
10.094 |
9.759 |
|
|
|
|
|
|
|
Less |
PROFIT
/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
2.528 |
1.129 |
1.170 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.953 |
1.254 |
1.386 |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
0.575 |
(0.125) |
(0.217) |
|
|
|
|
|
|
|
Less |
TAX |
0.172 |
0.011 |
(0.062) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
0.403 |
(0.136) |
(0.155) |
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
0.03 |
(0.01) |
(0.12) |
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
12.000 |
Expected Sales (2013-14) : Rs. 13.000 Millions
The above information has been parted by Mr. Rajesh Pannalal Poddar
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PBT/Sales) |
(%) |
3.35
|
(1.21)
|
(1.42)
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.53
|
(0.33)
|
(0.70)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.00 |
(0.01) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.22
|
0.09 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
8.22
|
62.12 |
25.02 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS
(Rs
in Millions)
|
Particular |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Other than Micro and Small Enterprises |
1.922
|
0.225
|
0.243 |
|
Total |
1.922
|
0.225
|
0.243 |
|
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 four 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 |
REVIEW OF OPERATIONS
During the year ended 31st March, 2012 the total revenue of the Company was to the tune of Rs. 12.029 Millions as against that of Rs 11.223 Millions received in the previous year as at 31st March 2011. The Company made a net profit of Rs. 0.575 Millions /- during the period under review against a Loss of Rs. 0.125 Million in the previous year.
PERFORMANCE DURING
THE CURRENT YEAR
The Company has delivered good financial result. During the current year the performance of your Company has been reasonably good. The company has been able to make a profit of Rs.0.403 Million after tax.
UNSECURED LOAN
(Rs in Millions)
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Loans and advances
from related parties |
|
|
|
Pushpadevi Poddar |
0.443 |
0.400 |
|
Alka Rajesh Poddar |
1.219 |
1.100 |
|
Inter Corporate
Deposits |
|
|
|
Estrella Consultancy Private Limited |
1.100 |
1.100 |
|
Avni Impex Private Limited |
0.000 |
0.800 |
|
Aerobe Vinimay Private Limited |
5.027 |
0.000 |
|
Total |
7.789 |
3.400 |
FIXED ASSETS
· Premises
· Air Condition
· Communication System
· Computer
· Computer Software
· Furniture and Fixture
· Generator
· Mobile and Pager
· Motor Bike Bajaj (BLR)
· Motor Car (Scooter)
· Motor Car 1
· Motor Car 2
· Motor Car 3
· Motor Car Dzire - 3049
· Motor Car Etios - 7403
· Motor Car Indigo - 6414
· Motor Car Innova - 1864
· Motor Car Innova - 2152
· Motor Car Innova - 6349
· Motor Car New 2
· Motor Car Zen (BLR)
· Office Equipment
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. 55.61 |
|
|
1 |
Rs. 83.98 |
|
Euro |
1 |
Rs. 71.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
UDS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
29 |
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.