MIRA
INFORM REPORT
|
Report No. : |
335516 |
|
Report Date : |
05.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
SKY ENTERPRISE PRIVATE LIMITED |
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Registered
Office : |
299/2375, Motilal Nagar No.2, Opposite Ganesh Maidan, Behind Tamarind
Hotel, M. G. Road, Goregaon (West), Mumbai – 400090, Maharashtra |
|
Tel. No.: |
91-22-28710261/ 62/ 63/ 64 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
12.04.2005 |
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Com. Reg. No.: |
11-152566 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100
Million |
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|
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CIN No.: [Company Identification
No.] |
U15130MH2005PTC152566 |
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|
IEC No.: |
Not Available |
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TAN No.: [Tax Deduction & Collection
Account No.] |
MUMS52937D |
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PAN No.: [Permanent Account No.] |
AAICS9571K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Trader of various items of Spice Powders like Pepper, Masala, Kirana, etc. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 10000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated during the year 2005.
It has a moderate track record. For the financial year 2014, the company has reported average
operational activity and achieved minimal profit earnings. The rating is constrained on account of company’s moderate financial
risk profile marked by modest networth position. It has weak liquidity
profile. Trade relations are reported as fair. Business is active. Payment
terms are slow but correct. In view of moderate financial base, 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 – 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 |
EXTERNAL AGENCY RATING
NOT AVAILABLE
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 DECLINED BY
|
Name : |
Mr. Murtuza Abdulhusain Mookhtiar |
|
Designation : |
Director |
|
Contact No.: |
91-9821145884 |
|
Date : |
05.08.2015 |
LOCATIONS
|
Registered Office : |
299/2375, Motilal Nagar No.2, Opposite Ganesh Maidan, Behind Tamarind Hotel,
M. G. Road, Goregaon (West), Mumbai – 400090, Maharashtra, India |
|
Tel. No.: |
91-22-28710261/ 62/ 63/ 64 |
|
Mobile No.: |
91-9821145884 [Mr. Murtuza Abdulhusain Mookhtiar] |
|
Fax No.: |
91-22-28710260 |
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E-Mail : |
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|
Website : |
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|
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Factory 1 : |
Gala No. 5, Gangotri Building, Tunganeshwar Industrial Estate, Sativali, Vasai (East), Thane - 401202, Maharashtra, India |
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Factory 2 : |
Gala No: 11, Amarnath Industrial Estate, Tunganeshwar Complex No. 01, Sativali, Vasai (East), Thane - 401202, Maharashtra, India |
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Factory 3 : |
Gala No: 12, Amarnath Industrial Estate, Tunganeshwar Complex No. 1, Sativali, Vasai (East), Thane - 401202, Maharashtra, India |
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Factory 4 : |
Survey No. 171 (P), Village Aamgaon, Manor Wada Road, Taluka Wada, District Palghar – 421303, Maharashtra, India |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Mr. Murtuza Abdulhusain Mookhtiar |
|
Designation : |
Managing director |
|
Address : |
A-302, Fakhari Apartment, M.G. Road, Near Bohra,
Colony, Kandivali (West), Mumbai - 400067, Maharashtra, India |
|
Date of Birth/Age : |
02.09.1975 |
|
Date of Appointment : |
11.04.2008 |
|
DIN No.: |
00570833 |
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|
|
|
Name : |
Yasin Abdullah Vadnagra |
|
Designation : |
Director |
|
Address : |
501, Annazir Building, Momin Nagar, Patel Estate,
Road, Jogeshwari (East), Mumbai - 400102, Maharashtra, India |
|
Date of Birth/Age : |
25.07.1975 |
|
Date of Appointment : |
11.04.2008 |
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DIN No.: |
00571052 |
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|
|
|
Name : |
Haroon Rasool Vadnagra |
|
Designation : |
Director |
|
Address : |
701, Mukarrama Building, Momin Nagar, Patel
Estate, Road, Jogeshwari (East), Mumbai - 400102, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1972 |
|
Date of Appointment : |
11.04.2008 |
|
DIN No.: |
00571127 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Murtuza Abdulhusain Mookhtiar |
|
250 |
|
Yasin Abdullah Vadnagra |
|
400 |
|
Haroon Rasool Vadnagra |
|
350 |
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|
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Total |
|
1000 |
AS ON 29.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of various items of Spice Powders like Pepper, Masala, Kirana, etc. |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Not Divulged |
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Countries : |
Not Divulged |
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Imports : |
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Products : |
Not Divulged |
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Countries : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· ICICI Bank Limited UBI Bank |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Bharat B. Shah and Company Chartered Accountants |
|
Address : |
001-A, Keval Tower, Opposite SNDT College, B.J. Patel, Near Liberty
Garden, Malad [West], Mumbai – 400064, Maharashtra, India |
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Tel. No.: |
91-22-28818403/ 28818404 |
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Income-tax
PAN of auditor or auditor's firm : |
AACPS1605B |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000 |
Equity Shares |
Rs. 100/- each |
Rs. 1.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
1,000 |
Equity Shares |
Rs. 100/- each |
Rs. 0.100
Million |
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|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
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|
|
|
(1)Shareholders' Funds |
|
|
|
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(a) Share Capital |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
3.414 |
2.027 |
1.262 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
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|
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|
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(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
3.514 |
2.127 |
1.362 |
|
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|
|
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(3) Non-Current
Liabilities |
|
|
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|
(a) Long-term borrowings |
67.721 |
53.663 |
32.438 |
|
(b) Deferred tax liabilities (Net) |
0.024 |
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) |
67.745 |
53.663 |
32.438 |
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(4) Current Liabilities |
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(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
17.584 |
1.861 |
3.712 |
|
(c) Other
current liabilities |
2.401 |
2.153 |
1.246 |
|
(d) Short-term
provisions |
1.427 |
0.961 |
0.538 |
|
Total Current
Liabilities (4) |
21.412 |
4.975 |
5.496 |
|
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|
|
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TOTAL |
92.671 |
60.765 |
39.296 |
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II.
ASSETS |
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(1) Non-current assets |
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(a)
Fixed Assets |
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(i)
Tangible assets |
7.735 |
12.958 |
6.974 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
17.976 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
6.056 |
4.271 |
4.525 |
|
(c) Deferred tax assets (net) |
0.000 |
0.034 |
0.028 |
|
(d) Long-term Loan and Advances |
2.464 |
2.200 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
34.231 |
19.463 |
11.527 |
|
|
|
|
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(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
28.543 |
20.455 |
10.357 |
|
(c)
Trade receivables |
23.409 |
12.935 |
13.496 |
|
(d) Cash
and cash equivalents |
3.636 |
6.325 |
2.876 |
|
(e)
Short-term loans and advances |
2.743 |
1.267 |
1.017 |
|
(f)
Other current assets |
0.109 |
0.320 |
0.023 |
|
Total
Current Assets |
58.440 |
41.302 |
27.769 |
|
|
|
|
|
|
TOTAL |
92.671 |
60.765 |
39.296 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
178.991 |
123.784 |
89.263 |
|
|
|
Other Income |
(0.202) |
(0.151) |
NA |
|
|
|
TOTAL (A) |
178.789 |
123.633 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
135.704 |
90.124 |
|
|
|
|
Employees benefits expense |
8.146 |
7.700 |
|
|
|
|
Other expenses |
22.369 |
16.709 |
|
|
|
|
TOTAL (B) |
166.219 |
114.533 |
NA |
|
|
|
|
|
|
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|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
12.570 |
9.100 |
(Including Financial
and Depreciation Expenses) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
9.416 |
6.972 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.154 |
2.128 |
|
|
|
|
|
|
|
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.200 |
0.893 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.954 |
1.235 |
0.670 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.773 |
0.448 |
0.228 |
|
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|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1.181 |
0.787 |
0.442 |
|
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|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1181 |
787 |
442 |
|
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 |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.66 |
0.64 |
0.50 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
7.02 |
7.35 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.85 |
2.19 |
1.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.56 |
0.58 |
0.49 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
19.27 |
25.23 |
23.82 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.73 |
8.30 |
5.05 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
1.262 |
2.027 |
3.414 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1.362 |
2.127 |
3.514 |
|
|
|
|
|
|
Long-term borrowings |
32.438 |
53.663 |
67.721 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
32.438 |
53.663 |
67.721 |
|
Debt/Equity ratio |
23.816 |
25.229 |
19.272 |
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 |
89.263 |
123.784 |
178.991 |
|
|
|
38.673 |
44.599 |
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 |
89.263 |
123.784 |
178.991 |
|
Profit |
0.442 |
0.787 |
1.181 |
|
|
0.50% |
0.64% |
0.66% |
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 |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
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 |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
67.721 |
53.663 |
|
|
|
|
|
Total |
67.721 |
53.663 |
CHANGE OF ADDRESS
The Registered Office of the company has been shifted from 501, Momin
Nagar, Annzir Patel Estate Road, Jogeshwari (West), Mumbai - 400102,
Maharashtra, India to the present address w.e.f.10.07.2012
OPERATION
The Company is engaged in
the Business of “MFG. & TRADING PEPPER, MASALA, KIRANA”. During the year
the Turnover of the business has been recorded at Rs.178.991 Million as against
Rs. 123.784 Million of last year.
FIXED ASSETS:
· Accessories
Air
Conditioner
Computer
Vehicles
Furniture
and Fixtures
Building
Machinery
Printer
Telephone
Instrument
Other
Equipments
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. |
|
|
1 |
Rs. |
|
Euro |
1 |
Rs. |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
27 |
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.