MIRA INFORM REPORT
|
Report No. : |
319891 |
|
Report Date : |
08.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
SLIMLITES ELECTRICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
212, Dheeraj Heritage, Near Santacruz Bus Depot, S. V. Road, Santacruz (West), Mumbai – 400054, Maharashtra |
|
Tel. No.: |
91-22-26609071 |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2014 |
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|
Date of
Incorporation : |
07.08.1984 |
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|
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Com. Reg. No.: |
11-033680 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.991 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31500MH1984PTC033680 |
|
|
|
|
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
: |
Manufacturer of Super Enamelled Copper Winding Wire. |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 11000 |
|
|
|
|
Status : |
Moderate |
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|
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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 taken huge external borrowing, which acts as
threatening to the liquidity position of the company. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealing 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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
|
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.
LOCATIONS
|
Registered Office : |
212, Dheeraj Heritage, Near Santacruz Bus Depot, S. V. Road,
Santacruz (West), Mumbai – 400054, Maharashtra, India |
|
Tel. No. : |
91-22-26609071/ 72/ 73/ 61451600 (30 Lines) |
|
Fax No. : |
91-22-61451666/ 26606824 |
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E-Mail : |
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Website : |
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Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
Plot No. 54/55/65, Bharat Industrial Estate, Bhimpur, Nani Daman,
Daman – 396210, Daman and Diu (U.T.), India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Ratanlal Chandiprasad Jalan |
|
Designation : |
Director |
|
Address : |
Flat No. 302, Holm Craft – 25, S.V. Road, Santacruz (West), Mumbai –
400054, Maharashtra, India |
|
Date of Birth/Age : |
06.10.1944 |
|
Date of Appointment : |
29.09.2012 |
|
DIN No. : |
01589583 |
|
PAN No.: |
AAAPJ5041Q |
|
|
|
|
Name : |
Sumitra Ratanlal Jalan |
|
Designation : |
Director |
|
Address : |
302, Holm Craft – 25, S.V. Road, Santacruz (West), Mumbai – 400054,
Maharashtra, India |
|
Date of Birth/Age : |
28.03.1951 |
|
Date of Appointment : |
29.09.2012 |
|
DIN No. : |
01590196 |
|
|
|
|
Name : |
Mr. Vimal Ratanlal Jalan |
|
Designation : |
Director |
|
Address : |
302, Holm Craft – 25, S.V. Road, Santacruz (West), Mumbai – 400054, Maharashtra,
India |
|
Date of Birth/Age : |
11.06.1980 |
|
Date of Appointment : |
29.09.2012 |
|
DIN No. : |
01624880 |
|
PAN No.: |
AACPJ1653Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Ratanlal Jalan |
32590 |
|
Sumitra Jalan |
31472 |
|
Vimal Jalan |
32588 |
|
Bela Jalan |
2448 |
|
Gomatidevi Jalan |
1 |
|
Chandi Prasad HUF |
1 |
|
Bhavesh M. Shah |
1 |
|
Chandrakala Kedia |
1 |
|
Dilsukh Chaganlal Jain |
1 |
|
Kashiprasad K. Jhunjhunwala |
1 |
|
Mahesh Jhunjhunwala |
1 |
|
Mahesh Kedia HUF |
1 |
|
Mayur Shah |
1 |
|
Raunak Kedia HUF |
1 |
|
Preksha Jenil Panthaki |
1 |
|
Manish Doshi |
1 |
|
Mahesh Traders, India |
1 |
|
Sonu Sharma |
1 |
|
Sabhayata Maintenance, India |
1 |
|
Sanjay Didwania |
1 |
|
Vandana Devichand Doshi |
1 |
|
Raghupati Devi Agarwal |
1 |
|
Shankarlal Agarwal |
1 |
|
S.D. Agarwal (H.U.F.) |
1 |
|
Manoj Agarwal |
1 |
|
Sanjay Didwania HUF |
1 |
|
Total |
99120 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
97.53 |
|
Other top fifty shareholders |
2.47 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Super Enamelled Copper Winding Wire. |
|
|
|
|
Products : |
·
Round Enamelled Copper Winding Wire ·
Rectangular Enamelled Copper Wire (Strips) ·
Paper Insulated Copper Conductor (PICC) ·
PVC Coated Copper Wire (Submersible Wire) |
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|
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
· Standard Chartered Bank, SME Credit, Crescenzo, 3a/F, Plot No. C-38 & 39, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India · Bombay Mercantile Co-Operative Bank Limited, Om Chambers, August Kranti Marg, Kemps Corner, Mumbai - 400036, Maharashtra, India · HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
Dinesh Tibarewala and Associates Chartered Accountants |
|
Address : |
A/R-2, Star Maor, Near Ruia Hall, 650, Anand Road Extension |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AABPT0801F |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates: |
Jalan Wires Private Limited, India [U31300MH1989PTC053173] |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
700000 |
Equity Shares |
Rs.10/- each |
Rs. 7.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
99120 |
Equity Shares |
Rs.10/- each |
Rs. 0.991
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 |
0.991 |
0.991 |
1.091 |
|
(b) Reserves & Surplus |
38.542 |
28.481 |
19.508 |
|
(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) |
39.533 |
29.472 |
20.599 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
182.348 |
105.417 |
20.403 |
|
(b) Deferred tax liabilities
(Net) |
0.262 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
182.610 |
105.417 |
20.403 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
192.744 |
135.772 |
37.144 |
|
(b) Trade payables |
138.949 |
145.009 |
18.366 |
|
(c) Other current liabilities |
11.655 |
12.455 |
4.368 |
|
(d) Short-term provisions |
1.260 |
0.965 |
0.578 |
|
Total
Current Liabilities (4) |
344.608 |
294.201 |
60.456 |
|
|
|
|
|
|
TOTAL |
566.751 |
429.090 |
101.458 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
26.865 |
13.237 |
12.657 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
38.678 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.947 |
|
(c) Deferred tax assets (net) |
0.000 |
0.120 |
0.000 |
|
(d) Long-term Loan and Advances |
2.373 |
1.014 |
0.103 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
67.916 |
14.371 |
13.707 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
77.014 |
87.723 |
25.822 |
|
(c) Trade receivables |
385.366 |
314.001 |
58.381 |
|
(d) Cash and cash equivalents |
22.480 |
8.309 |
2.055 |
|
(e) Short-term loans and
advances |
13.975 |
4.686 |
1.493 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
498.835 |
414.719 |
87.751 |
|
|
|
|
|
|
TOTAL |
566.751 |
429.090 |
101.458 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
|
|
717.844 |
|
|
|
Other Income |
|
|
|
|
|
TOTAL
|
132.303 |
717.844 |
263.108 |
|
|
|
|
|
|
|
Less |
EXPENSES |
117.030 |
704.492 |
259.303 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
15.273 |
13.352 |
3.805 |
|
|
|
|
|
|
|
Less |
TAX |
5.212 |
4.380 |
1.200 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
10.061 |
8.972 |
2.605 |
|
|
|
|
|
|
|
|
CIF Value of
Imports |
78.135 |
4.968 |
0.513 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
101.50 |
90.52 |
23.88 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.89 |
3.11 |
3.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.39 |
0.45 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
9.49 |
8.18 |
2.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.45 |
1.41 |
1.45 |
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 |
1.091 |
0.991 |
0.991 |
|
Reserves & Surplus |
19.508 |
28.481 |
38.542 |
|
Net worth |
20.599 |
29.472 |
39.533 |
|
|
|
|
|
|
long-term borrowings |
20.403 |
105.417 |
182.348 |
|
Short term borrowings |
37.144 |
135.772 |
192.744 |
|
Total
borrowings |
57.547 |
241.189 |
375.092 |
|
Debt/Equity
ratio |
2.794 |
8.184 |
9.488 |
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) |
|
Total Income |
263.108 |
717.844 |
132.303 |
|
|
|
172.832 |
-81.569 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
263.108 |
717.844 |
132.303 |
|
Profit |
2.605 |
8.972 |
10.061 |
|
|
0.99% |
1.25% |
7.60% |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three 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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE: Registered office of the company has been shifted from E-708, Crystal Plaza, Opposite Infiniti Mall Lik Road, Andheri (West), Mumbai – 400053, Maharashtra, India to the present address w.e.f. 01.10.2012
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from directors |
9.405 |
4.595 |
|
Loans and advances from others |
31.539 |
21.646 |
|
Intercorporate borrowings |
106.104 |
77.492 |
|
Total |
147.048 |
103.733 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10445801 |
27/11/2013 * |
175,000,000.00 |
STANDARD CHARTERED BANK |
SME CREDIT,
CRESCENZO, 3A/F, PLOT NO. C-38 & 39, |
B92422252 |
|
2 |
10375285 |
06/12/2013 * |
266,485,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL W |
B94735438 |
|
3 |
90160811 |
07/01/1993 |
7,217,000.00 |
BANK OF BARODA |
INDUSTRIAL ESTATE
BRANCH, VAPI, BULSAR, MAHARASHT |
- |
|
4 |
90162278 |
10/08/1992 * |
900,000.00 |
BANK OF BARODA |
INDUSTRIAL ESTATE
BRANCH, VAPI, BULSAR, GUJARAT, |
- |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- 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: 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.63.88 |
|
|
1 |
Rs.97.21 |
|
Euro |
1 |
Rs.72.51 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.