1. Summary Information
|
|
|
Country |
|
|
Company Name |
OJASWI MARBLES
AND GRANITES PRIVATE LIMITED |
Principal Name 1 |
MR. AMIT AGARWAL |
|
Status |
SATISFACTORY |
Principal Name 2 |
MRS. GITA DEVI
AGARWAL |
|
|
|
Registration # |
17-11076 |
|
Street Address |
19-C, OLD
FATEHPURA, |
||
|
Established Date |
15.11.1995 |
SIC Code |
-- |
|
Telephone# |
91-294-2440388 |
Business Style 1 |
MANUFACTURER |
|
Fax # |
91-294-2440780 |
Business Style 2 |
TRADER |
|
Homepage |
www.ojaswimarbles.com |
Product Name 1 |
MARBLE |
|
# of employees |
-- |
Product Name 2 |
GRANITE SLABS |
|
Paid up capital |
Rs.14,845,000/- |
Product Name 3 |
-- |
|
Shareholders |
BODIES CORPORATE-11.89% DIRECTORS OR RELATIVES OF DIRECTORS-87.57% OTHER TOP FIFTY SHAREHOLDERS-0.54% |
Banking |
BANK OF |
|
Public Limited Corp. |
NO |
Business Period |
16 YEARS |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
97,163,000 |
Current Liabilities |
67,644,000 |
|
Inventories |
37,938,000 |
Long-term Liabilities |
81,930,000 |
|
Fixed Assets |
103,991,000 |
Other Liabilities |
19,124,000 |
|
Deferred Assets |
000 |
Total Liabilities |
168,698,000 |
|
Invest& other Assets |
59,000 |
Retained Earnings |
55,608,000 |
|
|
|
Net Worth |
70,453,000 |
|
Total Assets |
239,151,000 |
Total Liab. & Equity |
239,151,000 |
|
Total Assets (Previous Year) |
257,953,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Total Income |
152,011,000 |
Net Profit |
18,705,000 |
|
Total Income (Previous
yr) |
130,685,000 |
Net Profit(Prev.yr) |
9,039,000 |
MIRA
INFORM REPORT
|
Report Date : |
28.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
OJASWI MARBLES
AND GRANITES PRIVATE LIMITED |
|
|
|
|
Registered Office : |
19-C, Old Fatehpura,
Udaipur-313001, Rajasthan |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
15.11.1995 |
|
|
|
|
Com. Reg. No.: |
17-11076 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U14101RJ1995PTC011076 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
JBPO00161A |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACO3136A |
|
|
|
|
Legal Form : |
Private Limited
Liability Company |
|
|
|
|
Line of Business : |
Manufacturer, Trader,
Dealer, Distributor, Exporter and Importer of Miner of Marble and Granite
Slabs. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 280000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at 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.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered
Office : |
19-C, Old
Fatehpura, Udaipur-313001, |
|
Tel. No.: |
91-294-2440388 /
2440196 / 2440933 / 2440934 / 2451024 / 2440780 |
|
Fax No.: |
91-294-2440780 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2200 Sq. Mtr. |
|
Location : |
Owned |
|
|
|
|
Corporate Office
: |
1403, Dheeraj
Gaurav Height – 1, Adarsh Nagar, Andheri (West), Mumbai – 400 053, |
|
|
|
|
Mines 1 : |
Village Ritua,
Salimdabad, |
|
Tel No. : |
91-7624-266001 |
|
Area : |
15 to 20 Hectors |
|
|
|
|
Mines 2 : |
Geetanjali Marble 34th Mile, Katni - Jabalpur Road, NH-7, Village Chapra |
|
|
|
|
Factory 1 : |
25th Mile, Katni - |
|
Tel No. : |
91-7624-266001, 266143 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Village Hardua,
District Katni, |
|
Tel No. : |
91-7624-266201 |
|
Area : |
5 to 10 Hectares |
|
Location : |
Owned |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Amit Agarwal |
|
Designation : |
Director |
|
Address : |
19-C, Old
Fatehpura, Udaipur-313001, |
|
Date of
Birth/Age : |
24.09.1989 |
|
Date of Appointment : |
19.01.2001 |
|
|
|
|
Name : |
Mrs. Geeta Devi
Agarwal |
|
Designation : |
Director |
|
Address : |
19-C, Old
Fatehpura, Udaipur-313001, |
|
Date of
Birth/Age : |
25.03.1960 |
|
Date of Appointment : |
15.04.2002 |
|
|
|
|
Name : |
Mr. Kapil Agarwal |
|
Designation : |
Director |
|
Address : |
19-C, Old
Fatehpura, Udaipur-313001, |
|
Date of Birth/Age : |
23.06.1983 |
|
Date of Appointment : |
23.08.2005 |
|
|
|
|
Name : |
Mr. Abdul Sayeed |
|
Designation : |
Director |
|
Address : |
577, Noori Nagar,
Jabalpur-482001, |
|
Date of
Birth/Age : |
15.03.1954 |
|
Date of Appointment : |
09.06.1999 |
|
Date of
Ceasing : |
01.02.2010 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
A.R.P. Securities Limited |
|
7000 |
|
Ankit Agarwal |
|
219500 |
|
Ashok Pitliya |
|
6000 |
|
Balaji Resources and Trading Limited, |
|
10000 |
|
Beniprasad Jain |
|
1000 |
|
Bhoomi Agro Overseas (Private) Limited, |
|
12500 |
|
Convenient Housing Finance Limited, |
|
9000 |
|
Geeta Devi Agarwal |
|
861000 |
|
Harakchand Jain |
|
1000 |
|
Kapil Agarwal |
|
219500 |
|
Money Penny Fincom Private Limited, |
|
10000 |
|
Navkar Abhikaran Limited, |
|
5000 |
|
Neema Investments Private Limited, |
|
10000 |
|
Optimates Textile Industries Limited , |
|
5000 |
|
Pramila Investment and Finance Limited , |
|
5000 |
|
Rapid Commercial and Finlease (Private) Limited, |
|
10000 |
|
Rifca Construction Private Limited, |
|
5000 |
|
Sagittarius Securities and Finance Limited, |
|
25000 |
|
Saharsh Syntex Private Limited, |
|
30000 |
|
Samyak International Limited, |
|
8000 |
|
Shekhawati Vanijya Kikash Private Limited, |
|
15000 |
|
Spectrum Chemicals Private Limited, |
|
10000 |
|
|
|
|
|
Total |
|
1484500 |
As on 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
12.00 |
|
Directors
or relatives of directors |
|
87.00 |
|
Other
top fifty shareholders |
|
1.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer,
Trader, Dealer, Distributor, Exporter and Importer of Miner of Marble and
Granite Slabs. |
GENERAL INFORMATION
|
Bankers : |
·
Bank
of ·
IDBI
Bank, Katni Branch, ·
ABN Amro Bank, N.V.D.L.F. Centre, Sansad Marg, ·
ABN Amro Bank N.V., 9th Floor, Tower
C, Cyber Greens, ·
ICICI
Bank Limited, ·
Axis
Bank Limited |
||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution: |
L and T Finance Limited, L and T House, Ballard Estate, Mumbai-400001,
|
|
|
|
|
Auditors : |
|
|
Name : |
Pramod P. Chopra
and Associates Chartered
Accountant |
|
Address : |
105, Shalimar Corporate Chamber, 8-B, South Tukoganj, Indore-452001, |
|
Tel. No.: |
91-731-2524282 (Office) 91-731-2419385 (Resident) |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3500000 |
Equity Shares |
Rs.10/- each |
Rs.35.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1484500 |
Equity Shares |
Rs.10/- each |
Rs.14.845
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
14.845 |
14.845 |
14.845 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
55.608 |
36.903 |
27.865 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
70.453 |
51.748 |
42.710 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2.154 |
29.678 |
42.246 |
|
|
2] Unsecured Loans |
79.776 |
24.452 |
25.041 |
|
|
TOTAL BORROWING |
81.930 |
54.130 |
67.287 |
|
|
DEFERRED TAX LIABILITIES |
14.164 |
12.998 |
8.185 |
|
|
|
|
|
|
|
|
TOTAL |
166.547 |
118.876 |
118.182 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
103.991 |
93.285 |
98.557 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.033 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
37.938
|
33.632 |
34.785 |
|
|
Sundry Debtors |
30.763
|
63.689 |
42.658 |
|
|
Cash & Bank Balances |
0.000
|
1.099 |
0.521 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
66.400
|
66.024 |
65.586 |
|
Total
Current Assets |
135.101
|
164.444 |
143.550 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
56.160
|
95.783 |
|
|
|
Other Current Liabilities |
11.484
|
38.940 |
121.427 |
|
|
Provisions |
4.960
|
4.354 |
2.920 |
|
Total
Current Liabilities |
72.604
|
139.077 |
124.347 |
|
|
Net Current Assets |
62.497
|
25.367 |
19.203 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.026 |
0.224 |
0.422 |
|
|
|
|
|
|
|
|
TOTAL |
166.547 |
118.876 |
118.182 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
152.011 |
130.685 |
159.969 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
120.187 |
104.973 |
144.267 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
120.187 |
104.973 |
144.267 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
31.824 |
25.712 |
15.702 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.377 |
4.269 |
6.549 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
29.447 |
21.443 |
9.153 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.776 |
5.709 |
2.956 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
23.671 |
15.734 |
6.197 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.966 |
6.695 |
2.855 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
18.705 |
9.039 |
3.342 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
20.298 |
11.259 |
7.917 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
39.003 |
20.298 |
11.259 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
6.735 |
30.513 |
59.234 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
12.60 |
6.09 |
2.25 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
12.30
|
6.92 |
2.09 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.90
|
6.10 |
2.56 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34
|
0.30 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.19
|
3.73 |
4.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.86
|
1.18 |
1.15 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS:
During the year
Turnover and Other Income achieved
of Rs. 152.011 Millions for the year ended 31st March, 2010 compared
to Rs. 130.685 Millions in the previous year. Net Profit of Rs. 18.705 Millions
as against Net Profit of Rs. 9.039 Millions in the previous year.
FUTURE PROSPECTS:
Marble is am
important structural ornamental stone because of its superior features like
durability, ease of maintenance, natural beauty and high comparative Strength
and it is exclusively used for massive structural work through out the world.
The quality of marble of the company's Katni mines is as good as Italian
Marble. It is fact replacing traditional material like Mosaic, Marble, and
Ceramic etc. for use in floors, pillars, walls, panels etc. Company's Marble is
well accepted in export market also. In view of above the company expects good
export turnover in future.
INDUSTRIAL RELATIONS:
The industrial
relations continued to be cordial through out the year. Your Directors wish to
place on record their sincere appreciation for the excellent team work with
which workers and officers of the Company at all levels contributed for the
satisfactory performance and smooth operation of the Company.
Bankers Charges
Report as per Registry
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U14101RJ1995PTC011076 |
|
Name of the
company |
OJASWI MARBLES
AND GRANITES PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
19-C, Old
Fatehpura, Udaipur-313001, |
|
Type of charge |
Movable Property
(not being pledge) |
|
Particular of
charge holder |
L and T Finance Limited, L and T House, Ballard Estate, Mumbai-400001,
|
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
Deed of hypothecation
deal no. 607668 |
|
Date of
instrument Creating the charge |
13.09.2010 |
|
Amount secured by
the charge |
Rs.1.039 Millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 6.01% Flat Per
Annum Terms of
Repayment 23 Months Margin Rs.0.215 Millions
Extent and
Operation of the charge First and exclusive charge by way of hypothecation as
per clause nos. 2(i), 2(ii), 3, 4, 7, 8(vi), and 16 vide the deed of hypothecation dated
13.09.2010. |
|
Short particulars
of the property charged |
Asset type:
forklift Asset
description: 1 no. Asset location:
Katni (M. P.) |
FIXED ASSETS:
- Land
- Mines and Development
- Building – Mines
- Building – Factory
- Plant and Machinery – Mines
- Plant and Machinery – Factory
- Furniture and Fixture
- Office Equipment
- Vehicles
- Computer
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 records 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.44.40 |
|
|
1 |
Rs.73.26 |
|
Euro |
1 |
Rs.65.17 |
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 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.