MIRA INFORM REPORT
|
Report No. : |
327105 |
|
Report Date : |
12.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
SANWARIA TEXPRO PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
206, Unique House, Chakala Road, Andheri (East), Mumbai – 400099,
Maharashtra |
|
Tel. No.: |
91-22-61771788 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2014 |
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|
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Date of
Incorporation : |
29.01.1991 |
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Com. Reg. No.: |
11-060051 |
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Capital
Investment / Paid-up Capital : |
Rs.0.990 Million |
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CIN No.: [Company Identification
No.] |
U17100MH1991PTC060051 |
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IEC No.: |
Not Available |
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TIN 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.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of mobile phones and computer peripherals. |
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|
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No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 50000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound and
healthy. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
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 DEFAILTERS’ 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 PARTED BY
|
Name : |
Mr. Navin Agarwal |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-61771788 |
|
Date : |
12.06.2015 |
LOCATIONS
|
Registered Office : |
206, Unique House, Chakala Road, Andheri (East), Mumbai – 400099,
Maharashtra, India |
|
Tel. No.: |
91-22-61771788 |
|
Fax No.: |
91-22-61771788 / 61771999 |
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E-Mail : |
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Area : |
1000 Sq. Ft. |
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Location : |
Owned |
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Branch Office : |
Located at
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DIRECTORS
As on 11.08.2014
|
Name : |
Mr. Chaman Suresh Pansari |
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Designation : |
Director |
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Address : |
801 Shubh Angan, 5th N S Road, JVPD Scheme, Vile Parle
(East), Mumbai – 400056, Maharashtra, India |
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Date of Birth/Age : |
16.05.1985 |
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Date of Appointment : |
17.05.2003 |
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PAN No.: |
AJYPP0436G |
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DIN No.: |
00215795 |
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Other Directorship:
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Name : |
Mrs. Rashi Krishna Kumar Choudhary |
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Designation : |
Director |
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Address : |
401, Shubh Angan, 5th N S Road, JVPD Scheme, Vile Parle (East),
Mumbai – 400056, Maharashtra, India |
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Date of Birth/Age : |
01.05.1984 |
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Date of Appointment : |
15.02.2003 |
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PAN No.: |
AEOPC7488J |
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DIN No.: |
01173718 |
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Other Directorship:
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Name : |
Mr. Balram Khetan |
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Designation : |
Director |
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Address : |
B 201, Sarth Near, UP Van Tower, Chincholi Phatak Road, Upper Goving
Nagar, Malad (West), Mumbai – 400097, Maharashtra, India |
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Date of Birth/Age : |
03.05.1983 |
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Date of Appointment : |
13.05.2013 |
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DIN No.: |
06583168 |
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KEY EXECUTIVES
|
Name : |
Mr. Navin Agarwal |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS
As on 11.08.2014
|
Names of Shareholders |
|
No. of Shares |
|
Kapal Pansari |
|
5750 |
|
Suresh Pansari |
|
9890 |
|
Manju Pansari |
|
9890 |
|
Kapal Pansari JT Richa Chaoudhary |
|
10 |
|
Meena Chaoudhary |
|
9810 |
|
Krisna Kumar Chaoudhary |
|
9890 |
|
Rashi Chaoudhary |
|
9890 |
|
Meena Chaoudhary |
|
4990 |
|
Chaman pansari |
|
19000 |
|
Keshav Chaoudhary |
|
9890 |
|
Richa Chaoudhary |
|
9890 |
|
K K Chaoudhary Karta of K K Chaoudhary HUF |
|
40 |
|
Priya Anka pansari JT Kapal Pansari |
|
30 |
|
Gazal Pansari J T Chaman Pansari |
|
30 |
|
Total |
|
99000 |
Equity Share Break up (Percentage of Total Equity)
As on 11.08.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.96 |
|
Other top fifty shareholders |
0.04 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of mobile phones and computer peripherals. |
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|
Products : |
Mobile Phones and Computer Peripherals |
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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 and Credit (30 / 60 / 90 Days) |
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Purchasing : |
Cash and Credit (30 / 60 / 90 Days) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
20 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
ASL and Company Chartered Accountants |
|
Address : |
302, Eco Space, Old Nagardas Road, Mogra Village, Andheri (East), Mumbai – 400069, Maharashtra, India |
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PAN No.: |
AAAFC1257B |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relative: |
Ceepee Consultants |
CAPITAL STRUCTURE
As on 11.08.2014
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 |
|
|
|
|
|
|
99000 |
Equity Shares |
Rs.10/- each |
Rs.0.990
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 |
0.990 |
0.990 |
0.990 |
|
(b) Reserves & Surplus |
16.549 |
9.729 |
3.153 |
|
(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) |
17.539 |
10.719 |
4.143 |
|
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
25.000 |
25.000 |
25.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
25.000 |
25.000 |
25.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
31.708 |
110.224 |
1.908 |
|
(b) Trade
payables |
85.511 |
117.719 |
25.818 |
|
(c) Other current
liabilities |
3.859 |
2.296 |
0.256 |
|
(d) Short-term
provisions |
0.139 |
0.365 |
0.072 |
|
Total Current
Liabilities (4) |
121.217 |
230.604 |
28.054 |
|
|
|
|
|
|
TOTAL |
163.756 |
266.323 |
57.197 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2.706 |
2.402 |
1.154 |
|
(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 |
25.568 |
25.566 |
25.545 |
|
(c) Deferred tax assets (net) |
0.035 |
0.055 |
0.111 |
|
(d) Long-term Loan and Advances |
0.214 |
0.350 |
0.769 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
28.523 |
28.373 |
27.579 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
59.410 |
118.954 |
14.564 |
|
(c) Trade
receivables |
69.956 |
107.913 |
13.274 |
|
(d) Cash
and cash equivalents |
0.020 |
2.966 |
1.753 |
|
(e)
Short-term loans and advances |
5.847 |
8.117 |
0.027 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
135.233 |
237.950 |
29.618 |
|
|
|
|
|
|
TOTAL |
163.756 |
266.323 |
57.197 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
2,145.190 |
1,039.631 |
1,698.962 |
|
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
||
|
|
EXPENSES |
NA |
NA |
NA |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
10.467 |
9.990 |
1.587 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
0.622 |
0.344 |
0.231 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
9.845 |
9.646 |
1.356 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
2.909 |
2.955 |
0.253 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
6.936 |
6.691 |
1.103 |
||
|
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|
|
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|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2.229 |
3.153 |
2.050 |
||
|
|
|
|
|
|
||
|
Less |
APPROPRIATIONS |
|
|
|
||
|
|
|
Transfer to General Reserve |
7.500 |
7.500 |
0.000 |
|
|
|
|
Dividend |
0.099 |
0.099 |
0.000 |
|
|
|
|
Tax on Dividend |
0.017 |
0.016 |
0.000 |
|
|
|
BALANCE CARRIED
TO THE B/S |
1.549 |
2.229 |
3.153 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (Rs.) |
70.07 |
67.58 |
NA |
||
Expected Sales (2014-2015): Rs.2500.000 Million
The above information has been parted by Mr. Navin Agarwal
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 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.32 |
0.64 |
0.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.13 |
4.01 |
4.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.56 |
0.90 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.81 |
10.28 |
0.46 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12 |
1.03 |
1.06 |
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 |
0.990 |
0.990 |
0.990 |
|
Reserves & Surplus |
3.153 |
9.729 |
16.549 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
4.143 |
10.719 |
17.539 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
1.908 |
110.224 |
31.708 |
|
Total
borrowings |
1.908 |
110.224 |
31.708 |
|
Debt/Equity
ratio |
0.461 |
10.283 |
1.808 |
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 |
1,698.962 |
1,039.631 |
2,145.190 |
|
|
|
(38.808) |
106.341 |
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
|
1,698.962 |
1,039.631 |
2,145.190 |
|
Profit |
1.103 |
6.691 |
6.936 |
|
|
0.06% |
0.64% |
0.32% |
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 |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
SHORT TERM BORROWINGS |
|
|
|
Deposits from shareholders |
0.000 |
1.531 |
|
Loans and advances from directors |
0.000 |
108.693 |
|
Total |
0.000 |
110.224 |
OPERATIONS
During the year, the turnover of the Company stood at Rs.1245.190 Million as against Rs 1039.631 Million during previous year. Net profit after Depreciation and Taxation stood at Rs. 6.936 Million as against Rs.6.691 Million during previous year.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10366661 |
24/12/2012 * |
200,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B65988180 |
|
2 |
90353276 |
22/07/2004 |
5,000,000.00 |
HDFC BANK LIMITED |
SENAPATI BAPAT MARG, LOWER PAREL, MUMBAI, MAHARASHTRA, INDIA |
- |
*Date of modification Charges
FIXED ASSETS:
· Furniture and fixtures
· Office equipment
· Computer equipments
· Other 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 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.63.89 |
|
UK Pound |
1 |
Rs.98.90 |
|
Euro |
1 |
Rs.72.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
43 |
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.