MIRA INFORM REPORT
|
Report No. : |
334459 |
|
Report Date : |
03.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
VIDHI VINAYAK METALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
302, Utkarsh Alankar Apartments, R.T. Road, Civil Lines, Nagpur –
440001, Maharashtra |
|
Tel. No.: |
91-712-6470661 |
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|
|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2014 |
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|
|
Date of
Incorporation : |
21.09.2007 |
|
|
|
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Com. Reg. No.: |
11-174366 |
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Capital
Investment / Paid-up Capital : |
Rs. 2.050 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27200MH2007PTC174366 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
NGPV04262G |
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|
|
|
PAN No.: [Permanent Account No.] |
AACCV6822G |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Trader of Metal Magnetic Ore Minerals |
|
|
|
|
No. of Employees
: |
16 (Approximately) (Office= 4 and Factory= 12) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behavior : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a Private Limited Company incorporated on 21 September 2007.
It is classified as Indian Non – Government Company and is registered at
Registrar of Companies, Mumbai. Its authorized share capital is Rs. 2.500
Million and its paid up capital is Rs. 2.050 Million. Directors of Vidhi Vinayak Metals Private Limited are Alkadevi Santosh
Kumar Agrawal, Indu Ashish Agrawal and Ashish Santosh Kumar Agrawal. It is an established company having a satisfactory track record. Financial position of the company seems to be decent. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct and as per commitments. The company can be considered for normal business dealings at usual
trade and conditions. |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Piyush |
|
Designation : |
Consultant |
|
Contact No.: |
91-9373106306 |
|
Date : |
31.03.2015 |
LOCATIONS
|
Registered Office : |
302, Utkarsh Alankar Apartments, R.T. Road, Civil Lines, Nagpur –
440001, Maharashtra, India |
|
Tel. No.: |
91-712-6470661 |
|
Mobile No.: |
91-9764611777 (Ashish) |
|
Fax No.: |
91-712-6470661 |
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E-Mail : |
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|
Location : |
Rented and Residential |
|
|
|
|
Factory : |
Mohadi, District Bhandara, Maharashtra, India |
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|
|
|
Corporate Office : |
79, Universal Annex, 3rd Floor, Shivaji Nagar, Nagpur –
440010, Maharashtra, India |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mrs. Alkadevi Santoshkumar Agrawal |
|
Designation : |
Director |
|
Address : |
Ramkrishna Nagar, Tumsar, 441912, Maharashtra, India |
|
Date of Birth/Age : |
09.02.1947 |
|
Date of Appointment : |
21.09.2007 |
|
DIN No.: |
01593202 |
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|
|
|
Name : |
Ms. Indu Ashish Agrawal |
|
Designation : |
Director |
|
Address : |
61, Ramakrishna Nagar, Tumsar, 441912, Maharashtra, India |
|
Date of Birth/Age : |
28.01.1970 |
|
Date of Appointment : |
21.09.2007 |
|
DIN No.: |
01676417 |
|
|
|
|
Name : |
Mr. Ashish Santoshkumar Agrawal |
|
Designation : |
Director |
|
Address : |
Ramkrishna Nagar, Nehru Square, Tumsar Bhandara, 441912, Maharashtra, India |
|
Date of Birth/Age : |
27.03.1967 |
|
Date of Appointment : |
01.02.2008 |
|
DIN No.: |
02148665 |
KEY EXECUTIVES
|
Name : |
Mr. Piyush |
|
Designation : |
Consultant |
|
|
|
|
Name : |
E.V. Thakkar and Associates |
|
Designation : |
Company Secretary |
|
Address : |
302, Gokul Apartmetn, Khare Town, Dharampeth, Nagpur - 440010 |
|
Tel No.: |
91-11-2532880/ 9823072971 |
|
Email : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Indu Ashish Agrawal |
|
30000 |
|
Alkadevi Santoshkumar Agrawal |
|
5000 |
|
Bahar Parer Private Limited, India |
|
30000 |
|
Basukinath Infrastructure Private Limited, India |
|
10000 |
|
Goodhope Software Private Limited, India |
|
10000 |
|
Marubhumi Finance and Developers Private Limited, India |
|
20000 |
|
Moonrise Commodeal Private Limited, India |
|
20000 |
|
Umang Housing Private Limited, India |
|
60000 |
|
Well Build Cement Private Limited, India |
|
20000 |
|
|
|
|
|
Total |
|
205000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2013
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companies(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
82.93 |
|
Bodies corporate |
17.07 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Metal Magnetic Ore Minerals |
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|
|
|
Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Retailers and End Users
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No. of Employees : |
16 (Approximately) (Office= 4 and Factory= 12) |
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Bankers : |
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Auditors : |
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|
Name : |
SNJ and Associates Chartered Accountants |
|
Address : |
103, Mangalam Icon ,Cement Road, Dharampeth Extension, Shivaji Nagar,
Nagpur – 440010, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ABLFS1076Q |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Sister concerns : |
Vidhi Sales Corporation |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250,000 |
Equity Shares |
Rs.10/- each |
Rs. 2.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
205,000 |
Equity Shares |
Rs.10/- each |
Rs. 2.050 Million |
|
|
|
|
|
ABRIDGED
BALANCE SHEET
FINANCIAL DATA
[all figures are
in Rupees Million]
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2.050 |
2.050 |
2.050 |
|
(b) Reserves & Surplus |
32.201 |
25.317 |
24.343 |
|
(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) |
34.251 |
27.367 |
26.393 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
16.591 |
4.230 |
2.283 |
|
(b) Deferred tax liabilities (Net) |
0.266 |
0.263 |
0.223 |
|
(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) |
16.857 |
4.493 |
2.506 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
29.352 |
16.123 |
0.000 |
|
(b) Trade
payables |
67.463 |
22.681 |
17.024 |
|
(c) Other current
liabilities |
19.573 |
32.039 |
33.389 |
|
(d) Short-term
provisions |
3.208 |
0.552 |
1.982 |
|
Total Current
Liabilities (4) |
119.596 |
71.395 |
52.395 |
|
|
|
|
|
|
TOTAL |
170.704 |
103.255 |
81.294 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
23.465 |
22.289 |
22.688 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.004 |
|
Total Non-Current
Assets |
23.465 |
22.289 |
22.692 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
9.255 |
11.932 |
8.012 |
|
(c) Trade receivables |
86.546 |
32.330 |
38.012 |
|
(d) Cash
and cash equivalents |
1.095 |
5.793 |
0.702 |
|
(e)
Short-term loans and advances |
49.195 |
29.398 |
10.212 |
|
(f) Other
current assets |
1.148 |
1.513 |
1.664 |
|
Total
Current Assets |
147.239 |
80.966 |
58.602 |
|
|
|
|
|
|
TOTAL |
170.704 |
103.255 |
81.294 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
SALES AND OTHER
INCOME |
231.920 |
65.074 |
141.656 |
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
217.480 |
62.218 |
133.786 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
14.440 |
2.856 |
7.870 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
3.872 |
0.825 |
1.164 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
10.568 |
2.031 |
6.706 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.473 |
0.466 |
0.317 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
10.095 |
1.565 |
6.389 |
|
|
|
|
|
|
|
Less |
TAX |
3.211 |
0.592 |
2.040 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
6.884 |
0.973 |
4.349 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
33.58 |
4.75 |
21.21 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.30.215 |
|
Sales Turnover |
|
|
330.000 |
|
|
|
|
|
Expected Sales (2015-16) : Rs. 500.000 Million
The above information has been parted by Mr. Piyush (Consultant)
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
2.97 |
1.50 |
3.07 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.23 |
4.39 |
5.56 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.91 |
1.52 |
7.86 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.06 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.34 |
0.74 |
0.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23 |
1.13 |
1.12 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
2.050 |
2.050 |
2.050 |
|
Reserves & Surplus |
24.343 |
25.317 |
32.201 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
26.393 |
27.367 |
34.251 |
|
|
|
|
|
|
long-term borrowings |
2.283 |
4.230 |
16.591 |
|
Short term borrowings |
0.000 |
16.123 |
29.352 |
|
Total borrowings |
2.283 |
20.353 |
45.943 |
|
Debt/Equity ratio |
0.087 |
0.744 |
1.341 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
141.656 |
65.074 |
231.920 |
|
|
|
(54.062) |
256.394 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
141.656 |
65.074 |
231.920 |
|
Profit |
4.349 |
0.973 |
6.884 |
|
|
3.07% |
1.50% |
2.97% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
No |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been
shifted from 61, Ramkrishna Nagar -441912, Tumsar, Maharashtra, India to the present address w.e.f. 01.10.2007
FINANCIAL PERFORMANCE :
Time and money waits for none and as the time passes
the company is moving at a greater spend as compared to the previous year. The
company recorded a net profit of Rs. 6.884 Million during the year the as
against a Net profit of Rs. 0.973 Million during the previous financial year.
In the year to come the company is looking forward to give its best.
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10409484 |
07/02/2013 |
30,000,000 |
STATE BANK OF INDIA |
MIDC AREA, HINGNA, NAGPUR, Maharashtra - 440016, |
B69755874 |
FIXED ASSETS
- Land
- Vehicle
- Plant and
Machinery
- Office
Equipment
- Furniture and
Fixture
- 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.63.96 |
|
|
1 |
Rs.99.93 |
|
Euro |
1 |
Rs.70.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
DDD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
46 |
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
unfavorable 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.