MIRA INFORM REPORT

 

 

Report No. :

343385

Report Date :

02.10.2015

 

IDENTIFICATION DETAILS

 

Name :

MOHIT MINERALS PRIVATE LIMITED

 

 

Registered Office :

F -19-20, First Floor, TDI Mall, Moti Nagar, New Delhi - 110015

Tel. No.:

91-11-45701816

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

29.07.2004

 

 

Com. Reg. No.:

55-127951

 

 

Capital Investment / Paid-up Capital :

Rs.97.090 Million

 

 

CIN No.:

[Company Identification No.]

U14292DL2004PTC127951

 

 

IEC No.:

0511026978

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAECM0448B

 

 

Legal Form :

Private Limited Liability Company.

 

 

Line of Business :

Trader and Importer of Coal

 

 

No. of Employees :

150 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (50)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in the year 2004. It is into trading and imoprting of coal.

 

For the financial year 2014, the company has recorded increase of 55.13% in its sales turnover and made profit of Rs.37.660 Million.

 

The company possess healthy financial risk profile marked by efficient networth base and there is favorable gap between trade payables and receivables.

 

Trade relations are fair. Business is active. Payments are reported to be regular.

 

In view of company’s good operational performance, 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

 

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 31-03-2015.

 

 

INFORMATION PARTED BY

 

Name :

Ms. Shwta Raheja

Designation :

Accountant

Contact No.:

91-11-45701816

Date :

01.10.2015

 

 

LOCATIONS

 

Registered Office/ Warehouse :

F-19-20, First Floor, TDI Mall, Moti Nagar, New Delhi – 110015, India

Tel. No.:

91-11-45701816

Fax No.:

91-11-45701816

E-Mail :

Mmp140@yahoo.co.in

shweta@mohitminerals.in

Website :

http://www.mohitminerals.in

Location :

Owned

Locality:

Commercial

 

 

Branch Office :

Located At:

 

  • Madhya Pradesh
  • Gujarat
  • Punjab
  • Nagpur
  • Chhattisgarh

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mr. Chander Bhushan Bajaj

Designation :

Director

Address :

D-71, Kirti Nagar, New Delhi -110015, India

Date of Birth/Age :

27.08.1964

Date of Appointment :

29.07.2004

DIN No.:

00289313

PAN No.:

ADCPB6642G

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U14292DL2004PTC127951

MOHIT MINERALS PRIVATE LIMITED

Director

29/07/2004

29/07/2004

-

Active

NO

2

U70109DL2006PTC149751

MARIGOLD BUILDCONS PRIVATE LIMITED

Director

29/09/2007

3/7/2006

8/5/2014

Active

NO

3

U40108DL2007PTC169673

ABC BIO ENERGY PRIVATE LIMITED

Director

22/10/2007

22/10/2007

29/08/2013

Active

NO

4

U13200DL2007PTC169807

LAUREL MINES AND MINERALS PRIVATE LIMITED

Director

24/10/2007

24/10/2007

-

Strike off

NO

5

U24100DL2010PTC198492

SURYA CHEMPHOS PRIVATE LIMITED

Director

5/2/2011

5/2/2011

-

Active

NO

6

U13100WB2011PTC185516

MAHAKALESHWAR MINES AND METALS PRIVATE LIMITED

Director

11/4/2011

11/4/2011

-

Active

NO

7

U15511DL2011PTC226487

MORSEL DISTILLERY PRIVATE LIMITED

Director

19/10/2011

19/10/2011

-

Strike off

NO

8

U51109WB1996PTC078642

REDROSE SUPPLY PRIVATE LIMITED

Director

9/3/2012

9/3/2012

-

Active

NO

9

U70200WB2010PTC141493

TRICOLOUR INFRASTRUCTURE SERVICES PRIVATE LIMITED

Director

17/01/2014

17/01/2014

-

Active

NO

10

U74900MH2014PTC258255

MOHIT IMPEX PRIVATE LIMITED

Director

22/09/2014

22/09/2014

12/3/2015

Active

NO

 

 

Name :

Mrs.Suman Bajaj

Designation :

Director

Address :

D-71, Kirti Nagar, New Delhi -110015, India

Date of Birth/Age :

09.10.1964

Date of Appointment :

29.07.2004

DIN No.:

00289351

PAN No.:

AFUPB6216Q

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U14292DL2004PTC127951

MOHIT MINERALS PRIVATE LIMITED

Director

29/07/2004

29/07/2004

-

Active

NO

2

U13200DL2007PTC169807

LAUREL MINES AND MINERALS PRIVATE LIMITED

Director

24/10/2007

24/10/2007

-

Strike off

NO

 

 

KEY EXECUTIVES

 

Name :

Soumyabrata Bhattacharya

Designation :

Secretary

Address :

Rose Apartment, Sector 18b, Dwarka, New Delhi - 110078, India

Date of Appointment :

02.03.2015

PAN No:

ATUPB9192P

 

 

Name :

Ms. Shwta Raheja

Designation :

Accountant

 

 

MAJOR SHAREHOLDERS        

 

AS ON 30.09.2014

 

Note: SHAREHOLDING DETAILS FILE ATTACHED

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 30.09.2014

 

Category

Percentage

Bodies corporate

90.70

Directors or relatives of Directors

9.30

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Trader and Importer of Coal

 

 

Products :

Coal

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

 

Products :

Coal

Countries :

Indonesia

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

India coke and Power Private Limited

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Reference :

J. K. Paper

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

150 (Approximately)

 

 

Bankers :
  • Union Bank of India, Kirti Nagar, New Delhi, India

 

Banker Name

Standard Chartered Bank

Branch Address

10, Parliament Street, New Delhi - 110001, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

(Rs. In Million)

 

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWINGS

 

 

Term loans from banks

1.638

1.985

Term loans from others

1.707

0.103

SHORT TERM BORROWINGS

 

 

Working capital loans from banks

167.948

328.948

Total

171.293

331.036

 

Auditors :

 

Name :

Pradeep K Sharma and Associates

Chartered Accountants

Address :

12/228 Gali No. 1, Jhajjar Road, Mohan Nagar, Bhadugarh, Haryana  - 124507, Punjab, India

PAN N Income-tax PAN of auditor or auditor's firm :

BBOPS0607M

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Relatives of Key management personnel:
  • Marigold Buildcons Private Limited, India [U70109DL2006PTC149751]
  • A S Bajaj Sales And Marketing Private Limited, India [U51909DL2005PTC135000]

 

 

CAPITAL STRUCTURE

 

AS ON 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

12500000

Equity Shares

Rs.10/- each

Rs.125.000 Million

 

 

 

 

 

Issued Capital:

No. of Shares

Type

Value

Amount

 

 

 

 

11759075

Equity Shares

Rs.10/- each

Rs.117.590 Million

 

 

 

 

 

 

Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10939075

Equity Shares

Rs.10/- each

Rs.109.390 Million

 

 

 

 

 

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

12500000

Equity Shares

Rs.10/- each

Rs.125.000 Million

 

 

 

 

 

Issued Subscribed & Paid-up Capital:

No. of Shares

Type

Value

Amount

 

 

 

 

9709075

Equity Shares

Rs.10/- each

Rs.97.090 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

97.090

52.321

11.371

(b) Reserves & Surplus

724.574

385.005

87.059

(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)

821.664

437.326

98.430

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

303.311

150.509

2.906

(b) Deferred tax liabilities (Net)

1.175

0.835

0.523

(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)

304.486

151.344

3.429

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

167.948

328.948

328.122

(b) Trade payables

504.327

484.788

139.748

(c) Other current liabilities

314.297

137.833

67.612

(d) Short-term provisions

18.998

9.852

2.603

Total Current Liabilities (4)

1005.570

961.421

538.085

 

 

 

 

TOTAL

2131.720

1550.091

639.944

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

29.001

18.755

13.948

(ii) Intangible Assets

0.092

0.049

0.031

(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

3.572

2.701

1.935

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

3.515

0.889

156.304

(e) Other Non-current assets

155.000

155.290

0.053

Total Non-Current Assets

191.180

177.684

172.271

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

144.644

289.095

46.549

(c) Trade receivables

1485.504

895.972

376.794

(d) Cash and cash equivalents

80.562

115.159

22.670

(e) Short-term loans and advances

229.830

72.181

18.176

(f) Other current assets

0.000

0.000

3.484

Total Current Assets

1940.540

1372.407

467.673

 

 

 

 

TOTAL

2131.720

1550.091

639.944

 

 

PROFIT & LOSS ACCOUNT

 

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

4601.683

2966.379

 NA

 

Other Income

 NA

 NA

 NA

 

TOTAL

 NA

 NA

 NA

 

 

 

 

 

Less

EXPENSES

 NA

 NA

 NA

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

59.855

33.207

0.000

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

2.855

1.964

 NA

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

57.000

31.243

 NA

 

 

 

 

 

Less

TAX

19.339

10.848

 NA

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

37.661

20.395

5.557

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

3.20

3.90

 0.57

 

 

Particulars

 

 

 

31.03.2015

Sales Turnover (Approximately)

 

 

10540.000

 

 

 

 

 

The above information has been parted by Ms. Shweta Raheja (Accountant).

 

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

3.712

2.734

1.694

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operations

(499.325)

(177.669)

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

0.82

0.69

NA

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

2.68

2.02

NA

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.07

0.07

NA

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.58

1.10

3.38

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.93

1.43

0.87

 

 

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

11.371

52.321

97.090

Reserves & Surplus

87.059

385.005

724.574

Net worth

98.430

437.326

821.664

 

 

 

 

long-term borrowings

2.906

150.509

303.311

Short term borrowings

328.122

328.948

167.948

Current maturities of long-term debts

1.694

2.734

3.712

Total borrowings

332.722

482.191

474.971

Debt/Equity ratio

3.380

1.103

0.578

 

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

Sales

2966.379

4601.683

 

55.128

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

Sales

2966.379

4601.683

Profit

20.395

37.661

 

0.69%

0.82%

 

 

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

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

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 four 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

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

NOTE: Registered office of the company has been shifted from A-176, Sudershan Park, New Delhi - 110015 India to the present address w.e.f. 21.02.2011

OPERATION:

 

The company is doing the business of trading of Coal and Mine Products during the year.

 

 

UNSECURED LOAN

 

 

(Rs. In Million)

Particulars

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Loans and advances from directors

10.202

148.421

Loans and advances from others

289.764

0.000

Total

299.966

148.421

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10206658

10/12/2013 *

300,000,000.00

STANDARD CHARTERED BANK

10, PARLIAMENT STREET, NEW DELHI - 110001, 
INDIA

B91987552

 

* Date of charge modification

 

 

FIXED ASSETS

 

Tangible assets

 

 

Intangible assets

 

 

 

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.65.55

UK Pound

1

Rs.99.17

Euro

1

Rs.73.08

 

 

INFORMATION DETAILS

 

Information Gathered by :

NYA

 

 

Analysis Done by :

AMR

 

 

Report Prepared by :

GTA

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

6

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

6

--PROFITABILITY

1~10

6

--LIQUIDITY

1~10

6

--LEVERAGE

1~10

5

--RESERVES

1~10

5

--CREDIT LINES

1~10

5

--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

 

50

 

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

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NB

                                       New Business

 

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PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.