MIRA
INFORM REPORT
|
Report No. : |
300519 |
|
Report Date : |
08.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
T.N.R. ESTATES PRIVATE LIMITED |
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Registered
Office : |
H.No.6-30, Vasudha Apartment, Jheedimetla, RR District, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
24.02.2005 |
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Com. Reg. No.: |
36-045467 |
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Capital
Investment / Paid-up Capital : |
Rs.1.500 Millions |
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CIN No.: [Company Identification
No.] |
U45200TG2005PTC045467 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject engaged into construction activity. |
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No. of Employees
: |
18 (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 |
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Maximum Credit Limit : |
USD 13000 |
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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 having moderate track record. The company has been successful in wiping of its accumulated losses of
the previous year’s however huge borrowings recorded by the company. However, trade relations are reported as fair. Business is active.
Payments 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.
ECGC Country Risk Classification List – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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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
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Vikranth Reddy Sarasam |
|
Designation : |
Director |
|
Contact No.: |
91-9908899990 |
|
Date : |
02.01.2015 |
LOCATIONS
|
Registered Office : |
H.No.6-30, Vasudha Apartment, Jheedimetla, RR District, Hyderabad –
500030, Telangana, India |
|
Tel. No.: |
91-40-27230640 |
|
Mobile No.: |
91-9908899990 (Mr. Vikranth Reddy Sarasam) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Construction Side : |
Beside Suchitra academy, Suchitra Circle #6/30, Quthbullapur,
Jeedimetla, Hyderabad – 500055, Telangana, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Ravinder Rao Thaniparthi |
|
Designation : |
Managing director |
|
Address : |
H.No.6-30, Vasudha Apartment, Jheedimetla, RR District, Hyderabad –
500030, Telangana, India |
|
Date of Birth/Age : |
15.06.1958 |
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Date of Appointment : |
24.02.2005 |
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DIN No.: |
00482424 |
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Name : |
Nirmala Taniparthi |
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Designation : |
Director |
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Address : |
Plot No. 23, Ground Floor, Enclave Pet, Basheerabad, Jeedimetla,
Village Ranga Reddy District, Hyderabad – 500055, Telangana, India |
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Date of Birth/Age : |
06.07.1962 |
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Date of Appointment : |
24.02.2005 |
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DIN No.: |
00482528 |
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Name : |
Mr. Mogulla Naveenkanth Reddy |
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Designation : |
Additional director |
|
Address : |
Near H No. 1-39, Kompally (V), Quthbullapur, R R District, Hyderabad –
500014, Telangana, India |
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Date of Birth/Age : |
20.11.1965 |
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Date of Appointment : |
02.11.2011 |
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DIN No.: |
02337548 |
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Name : |
Mr. Vikranth Reddy Sarasam |
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Designation : |
Additional director |
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Address : |
Plot No. 26, AP Text Book Colony, Near Gunrock Enclave, Secunderabad –
500009, Telangana, India |
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Date of Birth/Age : |
24.08.1981 |
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Date of Appointment : |
02.11.2011 |
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DIN No.: |
02970070 |
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Name : |
Mr. Gauthami Thaniparthi |
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Designation : |
Additional director |
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Address : |
Plot No. 23, Ground Floor, Enclave Pet, Basheerabad, Jeedimetla,
Village Ranga Reddy District, Hyderabad – 500055, Telangana, India |
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Date of Birth/Age : |
05.10.1985 |
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Date of Appointment : |
02.11.2011 |
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DIN No.: |
05128066 |
|
Name : |
Mr. Anantha Laxmi Juvvadi |
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Designation : |
Director |
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Address : |
Madhupala Enclave, Near Bhel Enclave, Secunderabad – 500003,
Telangana, India |
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Date of Birth/Age : |
03.12.1958 |
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Date of Appointment : |
11.01.2011 |
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DIN No.: |
00482195 |
|
Name : |
Mr. Siddarth Thaneparthi |
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Designation : |
Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
T.Ravinder Rao |
44800 |
29.87 |
|
T.Nirmala |
30700 |
20.47 |
|
J.Ananthalakshmi |
16100 |
10.73 |
|
Madhavi |
1000 |
0.67 |
|
Swapna Geetha |
1000 |
0.67 |
|
Vikranth Reddy |
13100 |
8.73 |
|
M.Naveenkanth Reddy |
26200 |
17.47 |
|
Gowthami |
13100 |
8.73 |
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Others |
4000 |
2.67 |
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Total |
150000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject engaged into construction activity. |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
·
A R Construction ·
Accurate steel traders ·
Chettined cement Corporation Limited ·
Eco Care Building Products Private Limited ·
Rohit Electrical and Engineering ·
S K Enterprises ·
Sanjay Automobiles ·
Shakthi Fuel ·
Shree Raj Steel Traders |
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Customers : |
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No. of Employees : |
18 (Approximately) |
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Bankers : |
· Corporation Bank, Plot No 220, Gunrock Enclave, Sikh Road, Bowenpalli,, Secunderabad - 500009, Andhra Pradesh, India ·
HDFC Bank Limited, HDFC Bank Housesenapati
Bapat Marg, Lower Parel W, Mumbai - 400013, Maharashtra, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Prasad and Prasad Chartered Accountants |
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Address : |
Flat No 302, 3rd Floor, K.R. Towers, Road No. 12, Banjara Hills,
Hyderabad – 500034, Andhra Pradesh, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AACFP1613L |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
NIL |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
15000000 |
Equity Shares |
Rs.10/- each |
Rs. 150.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
150000 |
Equity Shares |
Rs.10/- each |
Rs. 1.500
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
1.500 |
1.500 |
0.190 |
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(b) Reserves & Surplus |
3.003 |
-4.281 |
-0.121 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
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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) |
4.503 |
-2.781 |
0.069 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
229.682 |
83.613 |
43.458 |
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(b) Deferred tax liabilities
(Net) |
0.284 |
0.218 |
0.015 |
|
(c) Other long term
liabilities |
6.801 |
2.500 |
2.500 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total
Non-current Liabilities (3) |
236.767 |
86.331 |
45.973 |
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(4) Current Liabilities |
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|
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(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Trade payables |
0.000 |
0.000 |
0.000 |
|
(c) Other current liabilities |
205.027 |
96.996 |
0.077 |
|
(d) Short-term provisions |
5.588 |
3.870 |
0.053 |
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Total
Current Liabilities (4) |
210.615 |
100.866 |
0.130 |
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|
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TOTAL |
451.885 |
184.416 |
46.172 |
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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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|
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|
(i) Tangible assets |
20.619 |
20.361 |
2.654 |
|
(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 |
0.000 |
|
Total
Non-Current Assets |
20.619 |
20.361 |
2.654 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
295.456 |
120.805 |
8.463 |
|
(c) Trade receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash and cash equivalents |
71.888 |
3.333 |
1.038 |
|
(e) Short-term loans and
advances |
51.986 |
34.334 |
34.017 |
|
(f) Other current assets |
11.936 |
5.583 |
0.000 |
|
Total
Current Assets |
431.266 |
164.055 |
43.518 |
|
|
|
|
|
|
TOTAL |
451.885 |
184.416 |
46.172 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
100.039 |
0.000 |
NA |
|
|
Increase in WIP |
295.456 |
0.000 |
NA |
|
|
Other Income |
0.078 |
0.076 |
NA |
|
|
TOTAL
|
395.573 |
0.076 |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
387.417 |
4.033 |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
8.156 |
(3.957) |
NA |
|
|
|
|
|
|
|
Less |
TAX |
0.872 |
0.203 |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
7.284 |
(4.160) |
(1.140) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
48.56 |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
7.28 |
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.80 |
(2.15) |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.81 |
1.42 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
51.01 |
(30.07) |
629.83 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.05 |
1.63 |
334.75 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
0.190 |
1.500 |
1.500 |
|
Reserves & Surplus |
(0.121) |
(4.281) |
3.003 |
|
Net
worth |
0.069 |
(2.781) |
4.503 |
|
|
|
|
|
|
long-term borrowings |
43.458 |
83.613 |
229.682 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
43.458 |
83.613 |
229.682 |
|
Debt/Equity
ratio |
629.826 |
(30.066) |
51.006 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
0.000 |
100.039 |
|
|
-- |
-- |
NET PROFIT MARGIN
|
Net Profit
Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
0.000 |
100.039 |
|
Profit |
(4.160) |
7.284 |
|
|
-- |
7.28% |
LOCAL AGENCY FURTHER INFORMATION
|
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
two years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
No |
|
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 |
Yes |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
OPERATION OF THE
COMPANY
During the year under consideration the company has recognized revenue
of Rs. 100.039 Millions from construction contracts and registered a net profit
of Rs. 7.284 Millions compared to previous year loss of Rs. 4.160 Millions. The
company expects good future I the coming year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Term loans |
|
|
|
From bank |
157.366 |
2.185 |
|
From other parties |
1.821 |
3.090 |
|
Loans and advance from related parties From directors |
40.147 |
38.119 |
|
Other loans and advances |
30.348 |
40.219 |
|
Total |
229.682 |
83.613 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10489701 |
29/03/2014 |
200,000,000.00 |
ANDHRA PRADESH STATE FINANCIAL CORPORATION |
ANDHRA PRADESH STATE FINANCIAL CORPORATION, HYDERABAD, ANDHRA PRADESH - 500001, INDIA |
C02768463 |
|
2 |
10472886 |
30/12/2013 |
150,000,000.00 |
CORPORATION BANK |
PLOT NO 220, GUNROCK ENCLAVE, SIKH ROAD, BOWENPALLI,,SECUNDERABAD, ANDHRA PRADESH - 500009, INDIA |
B94487519 |
|
3 |
10392931 |
12/11/2012 |
3,866,847.00 |
L & T FINANCE LIMITED |
L&T HOUSE,
BALLARD ESTATE, MUMBAI, MAHARASHTRA |
B64493489 |
|
4 |
10367316 |
05/06/2012 |
2,929,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B44432623 |
FIXED ASSETS
· Land
· Building
· Furniture and Fitting
· Printer
· UPS
· Air Conditioner
· Computer
· Office Equipment
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: Nne
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.63.45 |
|
|
1 |
Rs.95.99 |
|
Euro |
1 |
Rs.75.28 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
28 |
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.