MIRA INFORM REPORT
|
Report No. : |
347781.2 |
|
Report Date : |
17.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
DOLCE FOODS
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
G-80, Second Floor, Gupta Complex, Room No.206, Laxmi Nagar, Delhi -
110092 |
|
Tel. No.: |
91-9837061084 (Mr. Vineet Kumar) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
15.09.2011 |
|
|
|
|
Com. Reg. No.: |
55-225100 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.14.210 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15410DL2011PTC225100 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TIN No.: |
5012496535 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELD13618D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCD9843N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
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|
|
|
|
No. of Employees
: |
15 (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 10000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in the year 2011 and it is having a moderate
track. The company has suspended its manufacturing operation to follow the
direction of Uttarakhand Environment Protection and Pollution Control Board,
Dehradun as per the letter no.UEPPCB/HO/Con/2014/8615-1264(4) sated on 30th
January 2014 as the unit has not obtained the consent to operate. Later, as per our investigation Mr. Vineet Kumar (Director) of the
company has also confirmed us the same. And he further informed us that later
they have got the permission from the government to start it business
activities and they are operational from June, 2015. During FY-15, the company has other income Rs.0.009 Million with loss
of Rs.7.958 Million along with sound networth position. However, business is active. Payments terms are unknown. In view of aforesaid, the company can be considered for business
dealings with great 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
31-03-2015.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Sonu Rawal |
|
Designation : |
Warehouse Manager |
|
Contact No.: |
91-7088103151 |
|
Date : |
30.10.2015 |
LOCATIONS
|
Registered Office : |
G-80, Second Floor, Gupta Complex, Room No.206, Laxmi Nagar, Delhi –
110092, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9837061084 (Mr. Vineet Kumar) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Warehouse : |
Plot No. 450 K, 8th KM Narsan Puhana Road, Village Makhdoompur,
Roorkee, District Haridwar – 247665, Uttarakhand, India |
DIRECTORS
As on 31.03.2015
|
Name : |
Mr. Vineet Kumar |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
04, Adrash Colony, Muzaffar Nagar - 251001, Uttar Pradesh, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
19.09.2015 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
15.09.2011 |
|||||||||||||||||||||||||||
|
DIN No.: |
03603905 |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Naveen Kumar |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
04, Adarsh Colony, Muzaffar Nagar - 251001, Uttar Pradesh, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
23.09.1966 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2013 |
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DIN No.: |
06606518 |
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Other Directorship:
|
||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS
As on 31.03.2015
|
Names of Shareholders |
|
No. of Shares |
|
Mohammad Shoaib |
|
531000 |
|
Vineet Kumar |
|
292500 |
|
Naveen Kumar |
|
215000 |
|
Ankita Sonal |
|
165000 |
|
Renu Chauhan |
|
135000 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
47.31 |
|
Others |
52.69 |
|
Total |
100.00 |
%2017-Dec-2015_files/image009.gif)
BUSINESS DETAILS
|
Line of Business : |
|
|
|
|
|
Products : |
Banana |
|
|
|
|
Brand Names : |
Not Available |
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|
|
|
Agencies Held : |
Not Available |
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Exports : |
Not Available |
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|
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|
Imports : |
Not Available |
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|
Terms : |
|
|
Selling : |
Cash, Advance Payment and Credit |
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|
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|
Purchasing : |
Cash, Advance Payment and Credit |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
Wholesalers and Retailers
|
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No. of Employees : |
15 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Sanjeev S Gupta and Associates Chartered Accountants |
|
Address : |
307, Shri Ganesh Complex, 32-B, Veer Savarkar Block, Vikas Marg,
Shakarpur, New Delhi – 110092, India |
|
Tel. No.: |
91-11-22042877 |
|
Mobile No.: |
91-9818109461 |
|
E-Mail : |
|
|
PAN No.: |
ABHFS3315A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1321000 |
Equity Shares |
Rs.10/- each |
Rs.14.210
Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
14.210 |
14.210 |
13.210 |
|
(b) Reserves &
Surplus |
(10.617) |
(2.203) |
4.227 |
|
(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) |
3.593 |
12.007 |
17.437 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
14.181 |
17.824 |
15.379 |
|
(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) |
14.181 |
17.824 |
15.379 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
5.145 |
3.533 |
0.000 |
|
(b) Trade payables |
0.626 |
0.626 |
0.000 |
|
(c) Other current
liabilities |
11.245 |
4.194 |
2.796 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
17.016 |
8.353 |
2.796 |
|
|
|
|
|
|
TOTAL |
34.790 |
38.184 |
35.612 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
30.902 |
34.424 |
4.785 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
20.245 |
|
(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 |
0.456 |
0.456 |
|
(d) Long-term Loan and Advances |
0.145 |
0.170 |
0.379 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
31.047 |
35.050 |
25.865 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
5.350 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
2.169 |
2.836 |
0.000 |
|
(d) Cash and cash
equivalents |
1.336 |
0.064 |
0.418 |
|
(e) Short-term loans and
advances |
0.231 |
0.234 |
3.979 |
|
(f) Other current assets |
0.007 |
0.000 |
0.000 |
|
Total Current Assets |
3.743 |
3.134 |
9.747 |
|
|
|
|
|
|
TOTAL |
34.790 |
38.184 |
35.612 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
0.000 |
8.984 |
0.000 |
|
|
Other Income |
0.009 |
0.058 |
0.098 |
|
|
TOTAL |
0.009 |
9.042 |
0.098 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
0.000 |
8.109 |
0.079 |
|
|
Other Direct Expenses |
0.780 |
1.240 |
0.000 |
|
|
Employees benefits
expense |
0.408 |
1.232 |
0.515 |
|
|
Administrative and Other
Expenses |
0.140 |
0.233 |
0.415 |
|
|
TOTAL |
1.328 |
10.814 |
1.009 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
(1.319) |
(1.772) |
(0.911) |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
3.118 |
2.000 |
0.371 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
(4.437) |
(3.772) |
(1.282) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.522 |
2.659 |
0.011 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(7.959) |
(6.431) |
(1.293) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
(0.399) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(7.959) |
(6.431) |
(0.894) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(5.60) |
(4.53) |
(0.67) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
6.202 |
2.481 |
2.499 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation activities |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.00 |
(71.58) |
0.00 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
0.00 |
(19.72) |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(22.88) |
(17.05) |
(8.67) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(2.22) |
(0.54) |
(0.07) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
7.10 |
1.99 |
1.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.22 |
0.38 |
3.49 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
13.210 |
14.210 |
14.210 |
|
Reserves & Surplus |
4.227 |
(2.203) |
(10.617) |
|
Net worth |
17.437 |
12.007 |
3.593 |
|
|
|
|
|
|
long-term borrowings |
15.379 |
17.824 |
14.181 |
|
Short term borrowings |
0.000 |
3.533 |
5.145 |
|
Current Maturities of
Long Term Debt |
2.499 |
2.481 |
6.202 |
|
Total borrowings |
17.878 |
23.838 |
25.528 |
|
Debt/Equity ratio |
1.025 |
1.985 |
7.105 |
%2017-Dec-2015_files/image011.gif)
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 |
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 |
No |
|
26 |
Turnover of firm about one year and seven
month |
Yes |
|
27 |
Reasons for variation <> 20% |
---------------------- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability about one year and seven
month |
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 |
CORPORATE
INFORMATION
Subject is registered with the Registrar of Companies, Delhi and Haryana
under Corporate Identification No. (CIN) U15410DL2011PTC225100. The company is
engaged in business of Post-Harvest Management which includes ripening of foods
with scientific method and its preservation. The registered office of the
company is situated at G-80, Second Floor, Gupta Complex, Room No.-206,
Laxminagar, Delhi – 110092.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2015 |
As
on 31.03.2014 |
|
LONG TERM
BORROWING |
|
|
|
From Others |
0.530 |
0.305 |
|
SHORT TERM
BORROWING |
|
|
|
From Others including relatives and friends |
1.500 |
0.000 |
|
Total |
2.030 |
0.305 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10380715 |
28/08/2012 |
3,500,000.00 |
PUNJAB NATIONAL BANK |
PALTAN BAZAR BRANCH, ASTLEY HALL, DEHRADUN - 248001, Uttarakhand, INDIA |
B59751438 |
|
2 |
10380722 |
28/08/2012 |
20,000,000.00 |
PUNJAB NATIONAL BANK |
PALTAN BAZAR BRANCH, ASTLEY HALL, DEHRADUN - 248001, Uttarakhand, INDIA |
B59752808 |
* Date of charge modification
FIXED ASSETS
- Land
- Computer Printer
- Auto Leveller
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 records 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 records 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.66.84 |
|
|
1 |
Rs.100.57 |
|
Euro |
1 |
Rs.73.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KYP |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
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 |
NO |
|
--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.