MIRA INFORM REPORT

 

 

Report No. :

336914

Report Date :

14.08.2015

 

IDENTIFICATION DETAILS

 

Name :

SUEERAA ALLOYS GLOBAL PRIVATE LIMITED

 

 

Registered Office :

315/2, Kandampalaym, Sembianallur Village, Avanshi, Coimbatore – 641654, Tamilnadu

Tel. No.:

91-422-2510266/2536766

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

23.10.2002

 

 

Com. Reg. No.:

18-010341

 

 

Capital Investment / Paid-up Capital :

Rs. 16.000 Million

 

 

CIN No.:

[Company Identification No.]

U27106TZ2002PTC010341

 

 

IEC No.:

3202012738

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

CMBS05927F

 

 

PAN No.:

[Permanent Account No.]

AAGCS6735B

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer and Exporter of Steel Casting.

 

 

No. of Employees :

120 (Approximately)

 

 

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

 

Maximum Credit Limit :

USD 300000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having satisfactory track record.

 

Overall financial position of the company seems to be decent.

 

Trade relations are reported as fair. Business is active. Payment terms are reported to be usually correct.

 

The company can be considered for small business dealings at usual trade terms 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

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

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 PARTED BY

 

Name :

Mr. C. Sukumaran

Designation :

Managing Director

Contact No.:

91-9842211901

Date :

14.08.2015

 

 

LOCATIONS

 

Registered Office/ Factory :

315/2, Kandampalaym, Sembianallur Village, Avanshi, Coimbatore – 641654, Tamilnadu, India

Tel. No.:

91-422-2510266/2536766

Mobile No.:

91-9842211901 (Mr. C. Sukumaran)

Fax No.:

91-422-2513866

E-Mail :

info@sueeaa.com

Website :

http://www.sueeaaglobal.com

 

 

DIRECTORS

 

AS ON 27.09.2014

 

Name :

Chinnasamy Sukumaran

Designation :

Director

Address :

Old No.43-E, New No.119, Mg Road, Karamadai, Coimbatore, 641110, Tamil Nadu, India

Date of Birth/Age :

21.04.1961

Date of Appointment :

23.10.2002

DIN No.:

00030641

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

Date of cessation

Company/ LLP Status

Defaulting status

1

U58211PY2002PTC001654

ADITHYA FERRO ALLOYS PRIVATE LIMITED

Director

25/07/2002

25/07/2002

-

Active

NO

2

U27106TZ2002PTC010341

SUEERAA ALLOYS GLOBAL PRIVATE LIMITED

Director

23/10/2002

23/10/2002

-

Active

NO

3

U29130TZ2005PTC011838

ADITHYA HITEC GEAR PRIVATE LIMITED

Director

26/05/2005

26/05/2005

-

Active

NO

4

U28939TZ2005PTC011912

ADITHYA CADCAM PRIVATE LIMITED

Director

17/06/2005

17/06/2005

-

Active

NO

5

U27310TZ2006PTC013071

ADITHYA PIGIRONS INDIA PRIVATE LIMITED

Director

15/09/2006

15/09/2006

-

Active

NO

6

U29299TZ2011PTC016904

ADITHYA HITEC VALVES PRIVATE LIMITED

Director

29/03/2011

29/03/2011

-

Active

NO

 

 

Name :

Marannan Parimala

Designation :

Director

Address :

Old No.43-E, New No.119,Mg Road, Karamadai, Coimbatore, 641110, Tamil Nadu, India

Date of Appointment :

23.10.2002

DIN No.:

00030668

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

Date of cessation

Company/ LLP Status

Defaulting status

1

U17111TZ1995PTC006391

SUPAPRAVEEN SPINNING MILLS PRIVATE LIMITED

Director

01/08/1995

01/08/1995

-

Active

NO

2

U27106TZ2002PTC010341

SUEERAA ALLOYS GLOBAL PRIVATE LIMITED

Director

23/10/2002

23/10/2002

-

Active

NO

3

U27310TZ2006PTC013071

ADITHYA PIGIRONS INDIA PRIVATE LIMITED

Director

15/09/2006

15/09/2006

-

Active

NO

4

U28939TZ2005PTC011912

ADITHYA CADCAM PRIVATE LIMITED

Director

09/03/2009

09/03/2009

-

Active

NO

5

U29130TZ2005PTC011838

ADITHYA HITEC GEAR PRIVATE LIMITED

Director

26/03/2009

26/03/2009

-

Active

NO

6

U29299TZ2011PTC016904

ADITHYA HITEC VALVES PRIVATE LIMITED

Director

29/03/2011

29/03/2011

-

Active

NO

 

 

Name :

Sukumaran Praveen Kumar

Designation :

Director

Address :

No.43 - F2, Ganesh Garden, Sathy Road, Ganapathy, Coimbatore, 641006, Tamil Nadu, India

Date of Appointment :

08.08.2013

DIN No.:

03443250

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

Date of cessation

Company/ LLP Status

Defaulting status

1

U27310TZ2011PTC016882

ADITHYA GLOBAL CASTINGS PRIVATE LIMITED

Director

19/03/2011

19/03/2011

03/09/2013

Active

NO

2

U28939TZ2005PTC011912

ADITHYA CADCAM PRIVATE LIMITED

Director

14/06/2012

14/06/2012

-

Active

NO

3

U29299TZ2011PTC016904

ADITHYA HITEC VALVES PRIVATE LIMITED

Director

23/05/2013

23/05/2013

-

Active

NO

4

U29130TZ2005PTC011838

ADITHYA HITEC GEAR PRIVATE LIMITED

Director

22/07/2013

22/07/2013

-

Active

NO

5

U27106TZ2002PTC010341

SUEERAA ALLOYS GLOBAL PRIVATE LIMITED

Director

08/08/2013

08/08/2013

-

Active

NO

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 27.09.2014

 

Names of Shareholders

 

No. of Shares

C. Sukumaran

 

1412000

T. Nagaraj

 

15000

S. Parimala

 

25000

N. Premakumari

 

26000

T.O. Duraisamy

 

12500

T. Maruthammal

 

14500

S. Rathinam

 

15000

R. Thamaraisefvi

 

24500

R. Rukumani

 

14500

C.  Rajammal

 

41000

 

 

 

Total

 

1600000

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 27.09.2014

 

Category

Percentage

Directors or relatives of Directors

100.00

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of Steel Casting.

 

 

Products :

Not Divulged

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :

Finished Goods

Countries :
  • Germany
  • Italy
  • Spain

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Cash, L/C and Credit

 

 

Purchasing :

Cash, L/C and Credit

 

 

GENERAL INFORMATION

 

Suppliers :

Not Divulged

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

Customers :

Not Divulged

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

No. of Employees :

20 (Approximately)

 

 

Bankers :

Banker Name

Federal Bank

Branch Address

Coimbatore, Tamilnadu, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

(Rs. In Million)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

SHORT TERM BORROWING

 

 

The Federal Bank Limited

21.632

16.450

The Federal Bank Limited

3.673

25.974

The Federal Bank Limited

48.062

37.551

 

 

 

Total

73.367

79.975

 

Auditors :

 

Name :

Bakthavachalam and Company

Chartered Accountant

Address :

15/67A K G Layout, 8th Cross Bharathi Park, Saibaba Colony, Coimbatore – 641011, Tamilnadu, India

PAN No.:

AADFB5331Q

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

 

 

 

CAPITAL STRUCTURE

 

AS ON 27.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

2000000

Equity Shares

Rs.10/- each

Rs. 20.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1600000

Equity Shares

Rs.10/- each

Rs. 16.000 Million

 

 

 

 

 

 

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

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

16.000

16.000

16.000

(b) Reserves & Surplus

120.608

97.459

66.426

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

8.367

10.679

Total Shareholders’ Funds (1) + (2)

136.608

121.826

93.105

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

4.082

4.488

7.144

(c) Other long term liabilities

29.824

42.110

4.306

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

33.906

46.598

11.450

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

73.367

79.975

87.678

(b) Trade payables

209.221

196.765

169.441

(c) Other current liabilities

42.295

28.051

32.424

(d) Short-term provisions

0.000

0.000

0.000

Total Current Liabilities (4)

324.883

304.791

289.543

 

 

 

 

TOTAL

495.397

473.215

394.098

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

129.388

136.725

114.636

(ii) Intangible Assets

0.000

0.220

0.000

(iii) Capital work-in-progress

0.000

0.000

12.214

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

2.500

2.500

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

4.237

55.125

56.637

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

136.125

194.570

183.487

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

24.019

62.818

56.565

(c) Trade receivables

146.277

100.519

107.235

(d) Cash and cash equivalents

25.525

14.016

6.205

(e) Short-term loans and advances

163.451

101.292

40.606

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

359.272

278.645

210.611

 

 

 

 

TOTAL

495.397

473.215

394.098

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

 

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

750.340

797.386

601.941

 

Other Income

7.998

4.642

7.094

 

TOTAL                                    

758.338

802.028

609.035

 

 

 

 

 

Less

EXPENSES

 

 

 

 

TOTAL                                    

730.021

766.547

589.267

 

 

 

 

 

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

51.656

59.605

39.910

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

23.339

24.125

20.387

 

 

 

 

 

 

PROFIT BEFORE TAX

28.317

35.480

19.523

 

 

 

 

 

Less

TAX                                                                 

(2.716)

4.447

3.224

 

 

 

 

 

 

PROFIT AFTER TAX

31.033

31.033

16.299

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

84.935

53.902

37.602

 

BALANCE CARRIED TO THE B/S

108.000

84.935

53.902

 

 

 

 

 

 

Earnings Per Share (Rs.)

19.40

19.40

10.19

 

Particulars

 

 

 

31.03.2015

Sales Turnover (Approximately)

 

 

500.000

 

 

 

 

 

The above information has been parted by Mr. C. Sukumaran (Managing Director)

 

 

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) operation

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

4.14

3.89

2.71

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

5.75

7.54

5.11

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.21

0.29

0.21

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.76

1.00

0.99

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.11

0.91

0.73

 

 

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

16.000

16.000

16.000

Reserves & Surplus

66.426

97.459

120.608

Share Application money pending allotment

10.679

8.367

0.000

Net worth

93.105

121.826

136.608

 

 

 

 

long-term borrowings

0.000

0.000

0.000

Short term borrowings

87.678

79.975

73.367

Current Maturities of Long Term Debt

0.000

0.000

0.000

Total borrowings

87.678

79.975

73.367

Debt/Equity ratio

0.942

0.656

0.537

 

 

 

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

601.941

797.386

750.340

 

 

32.469

(5.900)

 

 

 

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

601.941

797.386

750.340

Profit

16.299

31.033

31.033

 

2.71%

3.89%

4.14%

 

 

 

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)

Yes

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

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

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 to the present address w.e.f.

 

 

INDEX OF CHARGES

 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10001346

31/03/2015 *

150,000,000.00

THE FEDERAL BANK LIMITED

21, VARIETY HALL ROAD, COIMBATORE,

Tamil Nadu - 641001,

INDIA

C52518966

 

 

* Date of charge modification

 

 

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, India Prisons Service, Interpol, etc.

 

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. 64.92

UK Pound

1

Rs. 101.44

Euro

1

Rs. 72.26

 

 

INFORMATION DETAILS

 

Information Gathered by :

PRT

 

 

Analysis Done by :

RAS

 

 

Report Prepared by :

JYO

 

 

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

--PROFITABILITY

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

YES

--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 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

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.