MIRA
INFORM REPORT
|
Report Date : |
15.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
EVEREST ENGINEERING AND ALLIED PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
W-113, Phase-II, M.I.D.C. Industrial Area, |
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|
Country : |
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|
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|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
01.05.2012 |
|
|
|
|
Com. Reg. No.: |
11-230471 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74120MH2012PTC230471 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Chemicals Machinery and its Parts. |
|
|
|
|
No. of Employees
: |
30 (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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject was established as a proprietary concern during 1979 by the
name “Everest Engineering Works” and during May 2012 it got reconstituted as
a private limited. It is an established company having a moderate track record. The company has achieved a moderate turnover and incurred a loss
during 2013. However, trade relations are reported as fair. Business is active.
Payments terms are reported to be 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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
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
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of Investigation
books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
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
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Sujay Vasnat Patil |
|
Designation : |
Director |
|
Contact No.: |
91-9867304282 |
|
Date : |
13.09.2014 |
LOCATIONS
|
Registered Office / Factory: |
W-113, Phase-II, M.I.D.C. Industrial Area, Manpada Road, Dombivili (East),
Mumbai-421206, Maharashtra, India |
|
Tel. No.: |
91-251-2874831 / 2874395 / 2871661 |
|
Mobile No.: |
91-9867304282 (Mr. Sumit V. Patil) |
|
Fax No.: |
91-251-2871661 |
|
E-Mail : |
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|
Website : |
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|
Area : |
10000 sq. ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Vasant Malhar Patil |
|
Designation : |
Director |
|
Address : |
W 113, MIDC Ph-11 Manpada Road,
MIDC Phase -2 Dombivli (East), Mumbai-421204, Maharashtra, India |
|
Date of Birth/Age : |
12.02.1944 |
|
Date of Appointment : |
01.05.2012 |
|
DIN No.: |
05230965 |
|
|
|
|
Name : |
Mr. Sumit Vasant Malhar Patil |
|
Designation : |
Director |
|
Address : |
401, Ashok Bide, Gawand Baug Upvan, Pokh Road 2 Thane-400610,
Maharashtra, India |
|
Date of Birth/Age : |
24.04.1978 |
|
Date of Appointment : |
01.05.2012 |
|
DIN No.: |
05228928 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74120MH2012PTC230471 |
EVEREST
ENGINEERING AND ALLIED PRODUCTS PRIVATE LIMITED |
Director |
01/05/2012 |
01/05/2012 |
Active |
NO |
|
2 |
U74999MH2013PTC239621 |
YESHE WATER
TREATMENT INDIA PRIVATE LIMITED |
Director |
14/01/2013 |
14/01/2013 |
Active |
NO |
|
Name : |
Mr. Sujay Vasnat Patil |
|
Designation : |
Director |
|
Address : |
401, Ashok Bide, Gawand Baug Upvan, Pokh Road 2 Thane-400610,
Maharashtra, India |
|
Date of Birth/Age : |
03.10.1981 |
|
Date of Appointment : |
01.05.2012 |
|
DIN No.: |
05228916 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74120MH2012PTC230471 |
EVEREST
ENGINEERING AND ALLIED PRODUCTS PRIVATE LIMITED |
Director |
01/05/2012 |
01/05/2012 |
Active |
NO |
|
2 |
U74999MH2013PTC239621 |
YESHE WATER
TREATMENT INDIA PRIVATE LIMITED |
Director |
14/01/2013 |
14/01/2013 |
Active |
NO |
|
Name : |
Mr. Shivenrao Panduranga Rao Caringula |
|
Designation : |
Director |
|
Address : |
1-8-303/41/42, P G Road, Sindhi Colony, Hyderabad-500003, Andhra
Pradesh, India |
|
Date of Birth/Age : |
16.11.1964 |
|
Date of Appointment : |
09.11.2012 |
|
DIN No.: |
03455150 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Name
of Shareholders |
No.
of Shares |
%age |
|
Sumit Vasant Patil |
300 |
30.00 |
|
Sujay Vasant Patil |
300 |
30.00 |
|
Vasant Malhar Patil |
400 |
40.00 |
|
TOTAL |
1,000 |
100.00 |
AS ON 30.09.2013
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Chemicals Machinery and its Parts. |
|
|
|
|
Products : |
For Chemical
Industries v
Dryers · Vacuum Tray Dryers · Fluid Bed Dryers · Rotary Vacuum Dryers · Rotary Drum Dryers · Double Cone Rotary Vacuum Dryers · Continuous FBDs/Granulators/Coaters v
Mixers
and Blenders · Double Cone Blenders (V Shape) · Pan Mullers (Batch Type) · Double Arm Mixers or Kneaders (Sigma Type) · Dispersers/Agitators (Vacuum) v
Solid
Liquid Separation · Agitated Nutsche Filters · Filter Presses · Horizontal Plate Filters (Sparkler Type) · Online Cartridge Filters · Bag Filters · Special Purpose Filters For Pharmacy
Industries v
Total
Water Distribution · S.S. Storage Tanks, S.S. Valves, Pipes and Fittings · CIP Systems, Water Saver Nozzles, Spray Balls · U.V. Systems, R.O. Housing · Centrifugal Pumps, Lobe Pumps · Sterile Drain Traps · Water/Gas/Air/Vacuum Break Filters ·
Heat Exchangers (Shells and Tubes). |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
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Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Customers : |
End Users · Aurobindo Pharma Limited · Omega Fine Chemicals Private Limited |
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|
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|
No. of Employees : |
30 (Approximately) |
|
|
|
|
Bankers : |
HDFC Bank Limited, Dombivali,
Mumbai, Maharashtra, India |
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|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M M Khisti and Company Chartered Accountant |
|
Address : |
1/11, Sudha Kunj, Opposite Brahmin Sabha Tilak Road, Dombivli
(East)-421201, Maharashtra, India |
|
PAN No.: |
ABHPK4297M |
|
|
|
|
Sisters Concern : |
·
Progressive Allied Engineers |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000 |
Equity Shares |
Rs.100/- each |
Rs. 2.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000 |
Equity Shares |
Rs.100/-
each |
Rs. 0.100
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
|
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
0.100 |
|
(b) Reserves & Surplus |
|
|
(0.003) |
|
(c) Money received against
share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
0.097 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
3.170 |
|
(b) Deferred tax liabilities
(Net) |
|
|
0.024 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
0.000 |
|
Total
Non-current Liabilities (3) |
|
|
3.194 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
0.714 |
|
(b) Trade payables |
|
|
15.967 |
|
(c) Other current liabilities |
|
|
0.374 |
|
(d) Short-term provisions |
|
|
0.124 |
|
Total
Current Liabilities (4) |
|
|
17.179 |
|
|
|
|
|
|
TOTAL |
|
|
20.470 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
1.828 |
|
(ii) Intangible Assets |
|
|
0.000 |
|
(iii) Capital work-in-progress |
|
|
0.000 |
|
(iv) Intangible assets under
development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and
Advances |
|
|
0.000 |
|
(e) Other Non-current assets |
|
|
0.000 |
|
Total
Non-Current Assets |
|
|
1.828 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
9.217 |
|
(c) Trade receivables |
|
|
8.321 |
|
(d) Cash and cash equivalents |
|
|
0.414 |
|
(e) Short-term loans and
advances |
|
|
0.630 |
|
(f) Other current assets |
|
|
0.060 |
|
Total
Current Assets |
|
|
18.642 |
|
|
|
|
|
|
TOTAL |
|
|
20.470 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
8.835 |
|
|
Other Income |
|
|
0.000 |
|
|
TOTAL
|
|
|
8.835 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Administrative Expenses |
|
|
8.513 |
|
|
TOTAL |
|
|
8.513 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
0.322 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
|
0.205 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
|
0.117 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.120 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
|
(0.003) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
|
|
(3.00) |
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2013 |
|
|
PAT / Total Income |
(%) |
|
|
(0.03) |
|
|
|
|
|
|
|
|
|
Net Profit Margin |
(%) |
|
|
1.32 |
|
|
|
|
|
|
|
|
|
Return on Total Assets |
(%) |
|
|
0.57 |
|
|
|
|
|
|
|
|
|
Return on Investment (ROI) |
|
|
|
1.21 |
|
|
|
|
|
|
|
|
|
Debt Equity Ratio |
|
|
|
40.04 |
|
|
|
|
|
|
|
|
|
Current Ratio |
|
|
|
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 |
Yes |
|
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
one years |
Yes |
|
12] |
Profitability for last
one 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 |
Yes |
|
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 |
INDEX OF CHARGES -
NO CHARGES EXIST FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
Rs.
In Millions 31.03.2013 |
|
LONG TERM
BORROWINGS |
|
|
Loans from
Directors |
|
|
Vasant Mallhar Patil |
3.170 |
|
SHORT TERM
BORROWINGS |
|
|
Loan Repayment
on Demand |
|
|
From Bank |
0.714 |
|
|
|
|
TOTAL |
3.884 |
INCORPORATION OF THE COMPANY
Their company was
incorporated vide certificate of Incorporation No.U74120MH2012PTC230471 dated
1th May, 2012, with the main object of carrying on in India or elsewhere the business
to manufacture, produce, convert assemble, fabricate, treat, refine, melt,
blow, prepare, finish, polish, mix, grade, manipulate, import, export, consign
or otherwise deal in and to carry on the engineering job works for all
engineering components & its spares, accessories, chips, circuits, relays,
connectors, coils, diodes, electrodes, valves, condensers, transformers,
speakers, resistances and all other engineering products of all types &
descriptions required in any industry and to take over the business of
proprietary firm viz. M/s Everest Engineering Works run by the promoters.
FACTS AND FIGURES
The Company has
achieved turnover of Rs.8.835 Millions during the First year of it’s operation.
FIXED ASSETS
·
Factory Building
·
Machinery
·
Furniture and Fittings
·
Computer
·
Office Equipments
·
Furniture and Fixtures
·
Building under Construction
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. 60.84 |
|
|
1 |
Rs. 98.73 |
|
Euro |
1 |
Rs. 78.64 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
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 |
|
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 |
|
-- |
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.