MIRA INFORM REPORT
|
Report No. : |
307312 |
|
Report Date : |
10.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
SUJATA COMPUTERS PRIVATE LIMITED |
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Registered
Office : |
66/2 Guruchaya Apartments, Nal Stop, Karve Road, Pune - 411004, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
06.05.1999 |
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Com. Reg. No.: |
11-013578 |
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Capital Investment
/ Paid-up Capital : |
Rs.0.520
Million |
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|
|
CIN No.: [Company Identification
No.] |
U30007PN1999PTC013578 |
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TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AADCS9203M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Computer Hardware and Providing IT Solutions Services |
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No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 having moderate track record. Management has failed to file latest financials of FY 2014 with the
statutory authorities. As per available information, the rating is constrained on account of
company’s low profit margin. However, trade relations are reported as fair. Business is active.
Payment 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = BB- |
|
Rating Explanation |
Moderate risk of default |
|
Date |
30.04.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A4+ |
|
Rating Explanation |
Minimal degree of safety. It carry very high
credit risk. |
|
Date |
30.04.2014 |
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
|
Name : |
Mr. Sankraman Devlikar |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-20-40100300 |
|
Date : |
09.02.2015 |
LOCATIONS
|
Registered/ Retail Office : |
66/2 Guruchaya Apartments, Nal Stop, Karve Road, Pune -
411004, Maharashtra, India |
|
Tel. No.: |
91-20-25435613/ 25435618/ 25410928/ 25435613/ 25443661/ 40100700 |
|
Fax No.: |
91-20-25443661 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
Locality : |
Commercial |
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|
|
|
Corporate Office : |
42/2G, Raj, Dashbhuja Estate, Karve Road, Pune – 411038, Maharashtra, India |
|
Tel No.: |
91-20-40100300 |
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Email : |
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|
Warehouse: |
Post Jhambhe Tal Mulshi, Pune - 411033, Maharashtra, India |
|
Location : |
Rented |
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|
|
|
Mumbai Offices
(Division): |
Frontline Software Solutions (Division of Sujata Computers Private Limited) Address: 203, 2nd Floor, Sim Lim Square, Lamington Road, Mumbai - 400007, Maharashtra, India |
|
Tel No.: |
91-22-23866051/ 23866699 |
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Email : |
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Division : |
Gadgets and Laptop (Division of Sujata Computers Private Limited) Address: 42/2G, Raj, Dashbhuja Estate, Karve Road, Pune – 411038, Maharashtra, India |
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|
|
|
United Arab
Emirates Office : |
P.O. Box 121050, Building X2-Office No. 56, Saif-Zone, Sharjah, United Arab Emirates |
|
Tel. No.: |
+971-6-5573702 |
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Fax No.: |
+971-6-5573802 |
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|
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|
Branch Offices : |
Located at:
|
DIRECTORS
As on 30.09.2013
|
Name : |
Sumatilal Lodha |
|
Designation : |
Director |
|
Address : |
66/2 Guruchaya Apartments, Nal Stop, Karve Road, Pune -
411004, Maharashtra, India |
|
Date of Birth/Age : |
12.06.1957 |
|
Date of Appointment : |
06.05.1999 |
|
DIN No.: |
02304875 |
|
|
|
|
Name : |
Mrs. Sujata Lodha |
|
Designation : |
Director |
|
Address : |
Flat No. 2, SR. No. 15A/1, Erandwana, Pune - 411004, Maharashtra,
India |
|
Date of Birth/Age : |
06.01.1965 |
|
Date of Appointment : |
06.05.1999 |
|
DIN No.: |
02313535 |
|
|
|
|
Name : |
Mr. Paresh Sumatilal Lodha |
|
Designation : |
Director |
|
Address : |
66/2, Guru Chaya Apartments, Nal Stop, Karve Road, Pune - 411004,
Maharashtra, India |
|
Date of Birth/Age : |
20.10.1987 |
|
Date of Appointment : |
01.10.2011 |
|
DIN No.: |
03557483 |
KEY EXECUTIVES
|
Name : |
Mr. Sankraman Devlikar |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Sumatilal Lodha |
1166782 |
58.34 |
|
Sujata Lodha |
833218 |
41.66 |
|
Total |
2000000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Computer Hardware and Providing IT Solutions Services |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
70 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
SSS and Associates Chartered Accountants |
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Address : |
574 Shaniwar Peth, Vishwaela Society, Opposite Kesari
Wada, Pune – 411030, Maharashtra, India |
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PAN No.: |
AASFS9888A |
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Memberships : |
-- |
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Collaborators : |
-- |
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Sister Concern : |
Not Divulged |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
52000 |
Equity Shares |
Rs.10/- each |
Rs.0.520 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.520 |
0.520 |
|
(b) Reserves & Surplus |
|
72.728 |
64.515 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.306 |
0.306 |
|
Total
Shareholders’ Funds (1) + (2) |
|
73.554 |
65.341 |
|
|
|
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(3)
Non-Current Liabilities |
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|
|
|
(a) long-term borrowings |
|
11.346 |
13.463 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
11.346 |
13.463 |
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
92.006 |
60.216 |
|
(b) Trade
payables |
|
0.000 |
0.000 |
|
(c) Other
current liabilities |
|
174.162 |
118.581 |
|
(d) Short-term
provisions |
|
4.801 |
7.462 |
|
Total Current
Liabilities (4) |
|
270.969 |
186.259 |
|
|
|
|
|
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TOTAL |
|
355.869 |
265.063 |
|
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II.
ASSETS |
|
|
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|
(1)
Non-current assets |
|
|
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|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
27.017 |
29.297 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
8.221 |
2.840 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
3.191 |
0.727 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
38.429 |
32.864 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
80.437 |
77.280 |
|
(c) Trade receivables |
|
217.947 |
138.655 |
|
(d) Cash
and cash equivalents |
|
2.918 |
3.114 |
|
(e)
Short-term loans and advances |
|
13.138 |
13.150 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
314.440 |
232.199 |
|
|
|
|
|
|
TOTAL |
|
352.869 |
265.063 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.520 |
|
|
2] Share Application Money |
|
|
0.306 |
|
|
3] Reserves & Surplus |
|
|
53.922 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
54.748 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
80.449 |
|
|
2] Unsecured Loans |
|
|
8.522 |
|
|
TOTAL BORROWING |
|
|
88.971 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
143.719 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
31.001 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
4.943 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
61.221
|
|
|
Sundry Debtors |
|
|
143.853
|
|
|
Cash & Bank Balances |
|
|
11.543
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
13.270
|
|
Total
Current Assets |
|
|
229.887
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
113.149
|
|
|
Other Current Liabilities |
|
|
(2.124)
|
|
|
Provisions |
|
|
11.087
|
|
Total
Current Liabilities |
|
|
122.112
|
|
|
Net Current Assets |
|
|
107.775
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
143.719 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
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|
|
|
|
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|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
1,236.982 |
1162.265 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
1,224.901 |
1,151.672 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
12.081 |
10.593 |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
12.081 |
10.593 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
232.34 |
203.72 |
NA |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
1050.000 |
|
|
|
(Due to low
order received) |
|
Expected sales (2014-2015) : Rs.1250.000 Millions
The above information has been parted by Mr. Snakraman
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.51 |
4.04 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.16 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.41 |
1.13 |
1.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.16 |
1.25 |
1.88 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
0.520 |
0.520 |
0.520 |
|
Reserves & Surplus |
53.922 |
64.515 |
72.728 |
|
Share Application money
pending allotment |
0.306 |
0.306 |
0.306 |
|
Net
worth |
54.748 |
65.341 |
73.554 |
|
|
|
|
|
|
Secured Loans |
80.449 |
73.679 |
103.352 |
|
Unsecured Loans |
8.522 |
0.000 |
0.000 |
|
Total
borrowings |
88.971 |
73.679 |
103.352 |
|
Debt/Equity
ratio |
1.625 |
1.128 |
1.405 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
|
31.03.2012 |
31.03.2013 |
|
|
|
Rs.
In Millions |
Rs.
In Millions |
|
Total Income |
|
1,162.265 |
1,236.982 |
|
|
|
|
6.429 |
NET PROFIT MARGIN
|
Net
Profit Margin |
|
31.03.2012 |
31.03.2013 |
|
|
|
Rs.
In Millions |
Rs.
In Millions |
|
Total
Income |
|
1,162.265 |
1,236.982 |
|
Profit |
|
10.593 |
12.081 |
|
|
|
0.91% |
0.98% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS NOT AVAILABLE
|
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 |
No |
|
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
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
Yes |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
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 |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10447301 |
04/09/2013 |
3,780,000.00 |
Bank of India |
Shivajinagar, Pune, Maharashtra - 411005, India |
B84045301 |
|
2 |
10254401 |
11/09/2012 * |
105,000,000.00 |
Bank of India |
Shivajinagar Branch,, F P No.36/1, Mumbai Pune Road, Wakadewadi, Pune, Maharashtra - 411003, India |
B59019331 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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 : |
|
|
|
|
|
Analysis Done by
: |
|
|
|
|
|
Report Prepared by
: |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
|
|
PAID-UP CAPITAL |
1~10 |
|
|
OPERATING SCALE |
1~10 |
|
|
FINANCIAL
CONDITION |
|
0 |
|
--BUSINESS SCALE |
1~10 |
|
|
--PROFITABILITY |
1~10 |
|
|
--LIQUIDITY |
1~10 |
|
|
--LEVERAGE |
1~10 |
|
|
--RESERVES |
1~10 |
|
|
--CREDIT LINES |
1~10 |
|
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/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 |
|
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
|
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.