|
Report Date : |
30.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
ADDPRINT INDIA ENTERPRISES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
33/2142 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
14.09.1998 |
|
|
|
|
Com. Reg. No.: |
012476 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.720 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36991KL1998PTC012476 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHNA03686E |
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|
|
|
PAN No.: [Permanent Account No.] |
AACCA8925H |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacture, Trader, Exporter, and Importer, of Stamp Holder, Stamp Making
Machines, Tile and Granit Manufactures and Crestwood Furnishing. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2800 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. External borrowing of the company appears to be huge. However, trade relations are fair. Business is active. Payment terms
are slow. The company can be considered for business dealing 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The services sector, the largest contributor to
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. Prasad |
|
Designation : |
Manager |
|
Date : |
18.01.2014 |
LOCATIONS
|
Registered Office : |
33/2142 |
|
Tel. No.: |
91-495-2731966 |
|
Mobile No.: |
91-9387512455 (Mr. Gopala Krishnan) 91-9846091419 (Mr. Abdulla Koya) |
|
E-Mail : |
|
|
Website : |
|
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|
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|
Branches : |
Room No.-14, 1st Floor, Mapla House, |
|
Tel. No.: |
91-22-66355023 |
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|
|
|
Branches : |
Also located at ·
Chennai ·
Thirupur ·
·
Kolkata ·
Vadodara ·
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|
|
|
Corporate Office : |
33/2142, |
|
Tel. No.: |
91-495-2731966 / 2730972 |
DIRECTORS
AS ON 28.09.2013
|
Name : |
Mr. Palliyulla Kariat Abdulla Koya |
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|
Designation : |
Managing Director |
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|
Address : |
9/419, 2/487, Noor Mahal, Mathottam P.O. Arakkinar, |
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Date of Birth/Age : |
13.02.1957 |
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Date of Appointment : |
14.09.1998 |
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DIN No: |
00772496 |
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Other Directorship:
|
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|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Nazeema Abdulla Koya |
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|
Designation : |
Director |
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|
Address : |
9/419, 2/487, Noor Mahal, Mathottam P.O. Arakkinar, |
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Date of Birth/Age : |
20.05.1969 |
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Date of Appointment : |
14.09.1998 |
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DIN No: |
00772566 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2013
|
Names of Shareholders |
No. of Shares |
|
Mr. Palliyulla Kariat Abdulla Koya, Kerala |
360 |
|
Mr. Nazeema Abdulla Koya, Kerala |
360 |
|
Total |
720 |
AS ON 28.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture, Trader, Exporter, and Importer, of Stamp Holder, Stamp
Making Machines, Tile and Granit Manufactures and Crestwood Furnishing. |
|
|
|
|
Products : |
·
Pre Linked Stamps ·
Self-Linked Stamped ·
Stamp Holders ·
Stamp Manufacturing Machine ·
Laser Engraving Machines ·
Stamp Inks ·
Rubber Stamp Making Machine ·
Stamp Holders and Ink ·
Laser Marking and Cutting Machine ·
Identity Card Making Machine ·
Dater Stamps ·
Stamp Making Product. |
GENERAL INFORMATION
|
Suppliers: |
·
Core Plasto Enterprises ·
Palaniyappa Print – N- Pack ·
Internal Business Solution ·
·
L.R. Swami Company, Trademark and Patent Attornes ·
Mini Enterprises ·
Rajesh Electronics ·
Taiya Export Company ·
Riya Moulders ·
Millenium Paper India Private Limited ·
Sun Same Enterprises Company Limited |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Customers: |
·
Abhudhabhi Printing LLC (Export) ·
Kerala Refrigeration ·
Kamala Enterprises ·
Sun Same Enterprises Company Limited ·
G.T. System and Technologies ·
·
Atlas Stationery ·
Saran Plastic ·
Shah Associates ·
R.G. Enterprises ·
Rajhans Enterprises |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
·
Canara Bank., Vellimadukunnu Calicut – 673012, ·
Axis Bank. |
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|
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Facilities : |
|
|
|
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|
Banking
Relations : |
----- |
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|
|
|
Auditors : |
|
|
Name : |
K. Sasidharan Chartered Accountant |
|
Address : |
Door No.17/1141B, |
|
Tel. No.: |
91-495-2727664 |
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Mobile No.: |
91-9846087856 |
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E-Mail : |
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Associates/Subsidiaries : |
·
National Tile Works. ·
Beta Granite Private Limited. ·
Crest Wood Furnishing Private Limited. |
CAPITAL STRUCTURE
As on 28.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000 |
Equity Shares |
Rs.1000/- Each |
Rs.4.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
720 |
Equity Shares |
Rs.1000/-
Each |
Rs.0.720
Million |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2009 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.720 |
0.720 |
0.720 |
|
(b) Reserves & Surplus |
1.115 |
0.858 |
0.414 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1.835 |
1.578 |
1.134 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
9.833 |
3.439 |
3.939 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
9.833 |
3.439 |
3.939 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
2.700 |
4.674 |
3.715 |
|
(c) Other current
liabilities |
0.536 |
0.537 |
0.391 |
|
(d) Short-term provisions |
0.308 |
0.516 |
0.484 |
|
Total Current Liabilities (4) |
3.544 |
5.727 |
4.590 |
|
|
|
|
|
|
TOTAL |
15.212 |
10.744 |
9.663 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
5.014 |
0.993 |
1.297 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.431 |
0.539 |
0.341 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
6.445 |
1.532 |
1.638 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
6.037 |
6.209 |
5.164 |
|
(c) Trade receivables |
1.440 |
1.662 |
2.109 |
|
(d) Cash and cash
equivalents |
1.290 |
1.341 |
0.752 |
|
€ Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current
assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
8.767 |
9.212 |
8.025 |
|
|
|
|
|
|
TOTAL |
15.212 |
10.744 |
9.663 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
TURNOVER |
25.856 |
23.908 |
23.666 |
|
|
|
|
|
|
|
|
|
|
EXPENSES
|
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.442 |
0.967 |
0.625 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
0.905 |
0.318 |
0.421 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.537 |
0.649 |
0.204 |
|
|
|
|
|
|
|
|
|
|
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
0.537 |
0.649 |
0.204 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
2.373 |
1.301 |
NA |
|
|
TOTAL EARNINGS |
2.373 |
1.301 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
2.08
|
2.71 |
0.86 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.53
|
6.04 |
2.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29
|
0.41 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
13.65
|
4.78 |
5.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.47
|
1.60 |
1.74 |
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 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 |
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 LOANS:
|
Particular |
31.03.2013 (Rs. in Millions) |
31.03.2012 (Rs. in Millions) |
|
Long Term Borrowing |
|
|
|
From Directors |
|
|
|
Mr. P.K.Abdullakoya, Managing
Director |
8.156 |
0.000 |
|
Mrs Nazeema Abdulla Koya, Director |
0.000 |
3.425 |
|
Total |
8.156 |
3.425 |
VIEW INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10178831 |
31/08/2009 |
250,000.00 |
CANARA BANK |
VELLIMADUKUNNU, |
A71025100 |
|
2 |
90018497 |
10/01/2002 |
1,000,000.00 |
CANARA BANK |
VELLIMADUKUNNU, |
- |
FIXED ASSETS:
·
Furniture and Fittings
·
Accessories
·
Sign Board
·
Machinery
·
Computer
·
Scooter
·
Software
·
Air Conditioner
·
Generator
·
Maruti Alto Car
·
Innova Car
·
UPS, Power Box
·
Maruti Alto LXI
·
Fax Machine &
Printing
·
Electrical Fittings
·
Fan
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 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.61.35 |
|
|
1 |
Rs.100.21 |
|
Euro |
1 |
Rs.83.52 |
INFORMATION DETAILS
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.