MIRA INFORM REPORT
|
Report No. : |
331350 |
|
Report Date : |
11.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
ANMOL MONOWER PLASTIC PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Upvan Tower, C/108, Govind Nagar, Malad (East), Mumbai – 400097,
Maharashtra |
|
Tel. No.: |
91-22-42761500 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
21.11.1995 |
|
|
|
|
Com. Reg. No.: |
11-094656 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.984 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24200MH1995PTC094656 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of all types of plastic and plastic goods. P.V.C. Rubber goods,
Synthetics, Wires, Pipes, Sheets, Fancy goods, household goods, Automobile
parts, Rice selling racks, industrial requisite, components and other items
and products. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established private limited company incorporated in the
year 1995, having satisfactory track. Company has achieved acceptable sales turnover in FY 14. Further it has
reported some cash accruals from its operations. However, company has recorded drastic dip in its profit FY 14. Further
it has average net worth base. However, trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company can be considered for small to medium business dealings
with 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.
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) DEFAILTERS’ 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 DENIED BY
|
Name : |
Mr. Pramod Sharma |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-42761500 |
|
Date : |
09.07.2015 |
LOCATIONS
|
Registered Office : |
Upvan Tower, C/108, Govind Nagar, Malad (East), Mumbai – 400097,
Maharashtra, India |
|
Tel. No.: |
91-22-42761500 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Jaiprakash Agarwal |
|
Designation : |
Director |
|
Address : |
C-108, Upavan Tower, Upper Govind Nagar, Mumbai – 400097, Maharashtra,
India |
|
Date of Birth/Age : |
14.05.1983 |
|
Date of Appointment : |
15.05.2000 |
|
DIN No.: |
01490093 |
|
|
|
|
Name : |
Pushpadevi Agarwal |
|
Designation : |
Director |
|
Address : |
C-108, Upvan Tower, Upper Govind Nagar, Mumbai – 400097, Maharashtra,
India |
|
Date of Birth/Age : |
24.11.1962 |
|
Date of Appointment : |
14.01.2000 |
|
DIN No.: |
02389828 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Bijay Kumar Agarwal |
|
8000 |
|
Pushpadevi Agarwal |
|
32000 |
|
Sawal Ram Agarwal |
|
9000 |
|
Jaiprakash Agarwal |
|
28000 |
|
Ramkumar Sawalram HUF |
|
9000 |
|
Madhu Agarwal |
|
9000 |
|
Yash Synthetics Private Limited, India |
|
3400 |
|
|
|
|
|
Total |
|
98400 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
3.46 |
|
Directors or relatives of Directors |
96.54 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of all types of plastic and plastic goods. P.V.C. Rubber goods,
Synthetics, Wires, Pipes, Sheets, Fancy goods, household goods, Automobile
parts, Rice selling racks, industrial requisite, components and other items
and products. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
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|
|
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
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Customers : |
Not Divulged
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No. of Employees : |
Information declined by the management |
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Bankers : |
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||||||||||||||||||
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
VMRS and Company Chartered Accountant |
|
Address : |
A Wing, Shah Arcade 1, Rani Sati Marg, Malad (East), Mumbai – 400097,
Maharashtra, India |
|
PAN No.: |
AADFV7105Q |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 30.09.2014
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 |
|
|
|
|
|
|
98400 |
Equity Shares |
Rs.10/- each |
Rs. 0.984
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 |
0.984 |
0.950 |
0.950 |
|
(b) Reserves & Surplus |
21.098 |
19.606 |
17.006 |
|
(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) |
22.082 |
20.556 |
17.956 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
1.710 |
1.596 |
1.400 |
|
(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) |
1.710 |
1.596 |
1.400 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
12.247 |
14.929 |
11.725 |
|
(b) Trade
payables |
45.388 |
6.449 |
17.022 |
|
(c) Other
current liabilities |
4.939 |
6.251 |
16.016 |
|
(d) Short-term
provisions |
0.000 |
0.694 |
1.670 |
|
Total Current
Liabilities (4) |
62.574 |
28.323 |
46.433 |
|
|
|
|
|
|
TOTAL |
86.366 |
50.475 |
65.789 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
21.971 |
26.575 |
9.463 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.246 |
|
(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 |
0.535 |
0.550 |
21.358 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.151 |
0.081 |
0.081 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
22.657 |
27.206 |
31.148 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
1.367 |
6.472 |
|
(c) Trade
receivables |
45.792 |
11.151 |
19.355 |
|
(d) Cash
and cash equivalents |
7.287 |
1.673 |
2.016 |
|
(e) Short-term
loans and advances |
7.779 |
9.078 |
6.798 |
|
(f) Other
current assets |
2.851 |
0.000 |
0.000 |
|
Total
Current Assets |
63.709 |
23.269 |
34.641 |
|
|
|
|
|
|
TOTAL |
86.366 |
50.475 |
65.789 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
159.431 |
151.205 |
123.642 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
158.526 |
147.733 |
123.191 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.905 |
3.472 |
0.451 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.114 |
0.872 |
0.149 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.791 |
2.600 |
0.302 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.04 |
26.42 |
3.07 |
|
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 / Total Income) |
(%) |
0.50 |
1.72 |
0.24 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.05 |
6.95 |
1.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.17 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.55 |
0.73 |
0.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.02 |
0.82 |
0.75 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
0.950 |
0.950 |
0.984 |
|
Reserves & Surplus |
17.006 |
19.606 |
21.098 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
17.956 |
20.556 |
22.082 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
11.725 |
14.929 |
12.247 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
11.725 |
14.929 |
12.247 |
|
Debt/Equity
ratio |
0.653 |
0.726 |
0.555 |
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 |
123.642 |
151.205 |
159.431 |
|
|
|
22.293 |
5.440 |
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 |
123.642 |
151.205 |
159.431 |
|
Profit |
0.302 |
2.600 |
0.791 |
|
|
0.24% |
1.72% |
0.50% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
---- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
---- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Bankers Charges Report
as per Registry
|
Corporate identity number
(CIN) or foreign company registration number of the company |
U24200MH1995PTC094656 |
|
Name of the
company |
ANMOL MONOWER PLASTIC PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in India of the company |
Upvan Tower, C/108, Govind Nagar, Malad (East), Mumbai – 400097,
Maharashtra, India Email-id:- yashbarrels@gmail.com |
|
This form is for |
Creation
of charge |
|
Charge
identification (ID) number of the charge to be modified |
-- |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
Yes Bank Limited,
9th Floor, Nehru Centre, Discovery Of India,
Dr. Annie Besant Road, Worli, Mumbai - 400018 , Maharashtra, India
Email-id: shareholders@yesbank.in |
|
Nature of
instrument creating charge |
Memorandum
Recording Past Transactions of Creation of Mortgage by Delivery of Title
Deeds. |
|
Date of
instrument Creating the charge |
26.08.2013 |
|
Amount secured by
the charge |
Rs. 29.800
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest LC-Usance/BC:
1.25% p.a. Cash Credit: Bank base rate plus 2.5%. Present base rate 10.75%.
Effective pricing of 13.25% p.a. Terms of
Repayment Usance Letter of
Credit (Import/Inland): Usance: 120 days, Validity: 60 days BC: Tenor: 6
months including L/C Usance period LC plus BC not to exceed 180 days. Cash Credit:
Tenor: 12 months. Margin NA. Extent and
Operation of the charge Exclusive charge
by way of equitable mortgage of office no.1, 2nd floor, Shah Trade Centre,
Rani Sati Marg, Malad(E) , Mumbai- 400097 as more particularly describe in
schedule attached to Memorandum of Entry dated 26/08/2013 Others NIL |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Exclusive charge by
way of equitable mortgage of office no.1, 2nd floor, Shah Trade Centre, Rani
Sati Marg, Malad(E) , Mumbai- 400097 as more particularly describe in
schedule attached to Memorandum of Entry dated 26/08/2013 |
|
Particulars of
the present modification |
-- |
FIXED ASSETS
- Land and
Buildings
- Plant and
Machinery
- Furniture and
Fixtures
- Vehicles
- Computers
- Office
Premises
- Office
Equipments
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 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. 63.37 |
|
UK Pound |
1 |
Rs. 97.65 |
|
Euro |
1 |
Rs. 70.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
41 |
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.