1. Summary Information
|
Country |
|
||
|
Company Name |
SINGH SONS DISTRIBUTORS PRIVATE LIMITED |
Principal Name 1 |
Mr. Hardeep Singh Chharbra |
|
Status |
Moderate |
Principal Name 2 |
Mr. Harpeet Singh Chhabra |
|
Registration # |
53-026369 |
||
|
Street Address |
# 64, Sector 18-A, Chandigarh-160019, Uttaranchal, India |
||
|
Established Date |
15.09.2003 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Wholesalers |
|
Fax # |
Not Available |
Business Style 2 |
--- |
|
Homepage |
-- |
Product Name 1 |
Radio |
|
# of employees |
Not Available |
Product Name 2 |
Television |
|
Paid up capital |
Rs.100,000/- |
Product Name 3 |
Consumer Electronics |
|
Shareholders |
Directors or relatives of directors 99.96%, Other top
fifty shareholders 0.04% |
Banking |
Vijaya Bank |
|
Public Limited Corp. |
No |
Business Period |
10 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B
(31) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
18,563,000 |
Current Liabilities |
19,101,000 |
|
Inventories |
9,044,000 |
Long-term Liabilities |
16,652,000 |
|
Fixed Assets |
14,955,000 |
Other Liabilities |
1,366,000 |
|
Deferred Assets |
241,000 |
Total Liabilities |
37,119,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
5,314,000 |
|
|
|
Net Worth |
5,684,000 |
|
Total Assets |
42,803,000 |
Total Liab. & Equity |
42,803,000 |
|
Total Assets (Previous Year) |
39,646,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
239,211,000 |
Net Profit |
1,584,000 |
|
Sales(Previous yr) |
257,676,000 |
Net Profit(Prev.yr) |
1,249,000 |
|
Report Date : |
27.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
SINGH SONS DISTRIBUTORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
# 64, Sector 18-A, Chandigarh-160019, Uttaranchal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
15.09.2003 |
|
|
|
|
Com. Reg. No.: |
53-026369 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51395CH2003PTC026369 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PTLS14167G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Wholesalers of Radio, Television and Consumer Electronics. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 22000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The profitability of the company appears to be low and the external
borrowing seems to be huge which act as a threat to the liquidity. However, trade relations are fair. Business is active. Payments are
reported as slow but correct. 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.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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.
LOCATIONS
|
Registered Office : |
# 64, Sector 18-A, Chandigarh-160019, Uttaranchal, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
HIG 9, Sector – 3, Parwanoo-173220, Himachal Pradesh, India |
|
Tel. No.: |
91-1792-235153 |
|
Fax No.: |
91-1792-235153 |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Hardeep Singh Chhabra |
|
Designation : |
Whole Time Director |
|
Address : |
H.No.496, Sector 21, Panchkula, Haryana – 134109, India |
|
Date of Birth/Age : |
07.04.1965 |
|
Date of Appointment : |
15.09.2003 |
|
DIN No.: |
00530841 |
|
|
|
|
Name : |
Mr. Harpreet Singh Chhabra |
|
Designation : |
Whole Time Director |
|
Address : |
H.No.496, Sector 21, Panchkula, Haryana – 134109, India |
|
Date of Birth/Age : |
18.10.1970 |
|
Date of Appointment : |
15.09.2003 |
|
DIN No.: |
00530859 |
|
|
|
|
Name : |
Mr. Gurtoj Singh Anish |
|
Designation : |
Whole Time Director |
|
Address : |
H.No.496, Sector 21, Panchkula, Haryana – 134109, India |
|
Date of Birth/Age : |
19.08.1990 |
|
Date of Appointment : |
22.08.2008 |
|
DIN No.: |
02562300 |
MAJOR SHAREHOLDERS
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Hardeep Singh Chhabra |
|
2000 |
|
Harpreet Singh Chhabra |
|
2000 |
|
Gurtoj Singh Anish |
|
1996 |
|
Preetinder Kaur |
|
2000 |
|
Geetu |
|
2000 |
|
Hardeep Singh (HUF) |
|
1 |
|
Beant Kaur |
|
1 |
|
Kanwaljeeet Kaur |
|
1 |
|
Uttam Kaur |
|
1 |
|
|
|
|
|
Total |
|
10000 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.96 |
|
Other top fifty shareholders |
0.04 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Wholesalers of Radio, Television and Consumer Electronics. |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rupesh Parikshit and Associates Chartered Accountants |
|
Address : |
#1238, Sector 22B, Chandigarh-160022, India |
|
PAN No.: |
AADFR9921Q |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
|
|
|
|
|
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 |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.270 |
0.270 |
0.270 |
|
|
3] Reserves & Surplus |
5.314 |
3.730 |
2.481 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
5.684 |
4.100 |
2.851 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2.732 |
10.372 |
3.321 |
|
|
2] Unsecured Loans |
13.920 |
12.063 |
10.979 |
|
|
TOTAL BORROWING |
16.652 |
22.435 |
14.300 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
22.336 |
26.535 |
17.151 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
14.955 |
1.973 |
2.531 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.241 |
0.213 |
0.157 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
9.044
|
5.607
|
11.962
|
|
|
Sundry Debtors |
15.853
|
15.795
|
10.943
|
|
|
Cash & Bank Balances |
0.272
|
14.513
|
0.813
|
|
|
Other Current Assets |
0.056
|
0.000
|
0.000
|
|
|
Loans & Advances |
2.382
|
1.545
|
2.348
|
|
Total
Current Assets |
27.607
|
37.460
|
26.066
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
17.289
|
11.097
|
10.168
|
|
|
Other Current Liabilities |
1.812
|
1.382
|
0.375
|
|
|
Provisions |
1.366
|
0.632
|
1.060
|
|
Total
Current Liabilities |
20.467
|
13.111
|
11.603
|
|
|
Net Current Assets |
7.140
|
24.349
|
14.463
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
22.336 |
26.535 |
17.151 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
239.211 |
257.676 |
191.968 |
|
|
|
Credit Notes Received |
0.000 |
16..626 |
15.858 |
|
|
|
Profit on Sale of Cars |
0.000 |
0.000 |
0.026 |
|
|
|
Income from Commission / Gifts / Incentives |
0.000 |
0.107 |
0.103 |
|
|
|
Other Income |
0.034 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
239.245 |
274.409 |
207.955 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
217.459 |
247.398 |
195.780 |
|
|
|
Administration Expenses |
-- |
8.231 |
7.147 |
|
|
|
Changes in inventories of finished goods & work-in-progress |
(3.437) |
-- |
-- |
|
|
|
Marketing Expenses |
-- |
6.895 |
4.701 |
|
|
|
Employee benefit expenses |
5.894 |
-- |
-- |
|
|
|
Increase/Decrease in stock |
-- |
6.356 |
(4.623) |
|
|
|
Other expenses |
12.261 |
-- |
-- |
|
|
|
TOTAL (B) |
232.177 |
268.880 |
203.005 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
7.068 |
5.529 |
4.950 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.208 |
3.004 |
2.884 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.860 |
2.525 |
2.066 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.526 |
0.700 |
0.619 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
2.334 |
1.825 |
1.447 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.750 |
0.576 |
0.458 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
1.584 |
1.249 |
0.989 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
3.730 |
2.481 |
1.492 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
3.730 |
2.481 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
158.41 |
124.85 |
98.93 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.66
|
0.45
|
0.47
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.96
|
0.67
|
0.69
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.48
|
4.63
|
5.05
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.41
|
0.45
|
0.50
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.93
|
5.47
|
5.02
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35
|
2.86
|
2.24
|
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
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 |
No |
|
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 |
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)
|
Particulars |
|
As
on 31.03.2012 |
|
LONG TERM
BORROWINGS |
|
|
|
Term loans from other parties |
|
0.620 |
|
Loans and Advances- Related Parties |
|
13.300 |
|
Total |
|
13.920 |
BANKERS CHARGES REPORT
AS PER REGISTRY
|
Corporate
identity number of the company |
U51395CH2003PTC026369 |
|
Name of the
company |
SINGH SONS
DISTRIBUTORS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
# 64, Sector 18-A, Chandigarh-160019, Uttaranchal, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10357239 |
|
Type of charge |
Movable property (not being pledge) |
|
Particular of
charge holder |
Punjab National
Bank, Sector 8, Panchkula - 134109, Haryana, India |
|
Nature of instrument
creating charge |
Supplementary
Agreement |
|
Date of
instrument Creating the charge |
04.02.2013 |
|
Amount secured by
the charge |
Rs.3.000 Millions
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 15% p.a. Terms of Repayment Repayable on
Demand Margin As per principal
agreement Extent and Operation of the charge 100% |
|
Short particulars
of the property or asset(s) charged (including complete address and location of
the property) |
Hypothecation of stock of electronic goods, consumer durables and mobiles available at various godowns of the company. |
|
Particulars of
the present modification |
Conversion of
limit of Cash credit of Rs. 13.000 Millions to: Cash credit-Rs.10.000
Millions and Bank
Guarantee-Rs.3.000 Millions |
FIXED ASSETS:
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
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--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 |
|
31 |
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.