MIRA
INFORM REPORT
|
Report Date : |
11.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
RENOVARE |
|
|
|
|
Registered Office : |
Rua Amélia Marinho, 1907 - Nova Betânia |
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Country : |
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|
|
|
Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
10.09.1999 |
|
|
|
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Com. Reg. No.: |
03.395.477/0001-01 |
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|
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|
Legal Form : |
Limited Liability Company |
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|
|
|
Line of Business : |
Wholesale of Pesticides, Manure and Fertilizers |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
US$ 150.000,00 |
|
|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
No Complaints |
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|
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Litigation : |
Clear |
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 31st, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
RENOVARE
ADDRESSES
|
MAIN ADDRESS: |
RUA AMÉLIA MARINHO, 1907 - NOVA BETÂNIA |
|
ZIP CODE/CITY: |
59612-035 - MOSSORÓ/RN |
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|
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PHONE: |
84 3318-7571 |
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FAX: |
84 3318-3535 |
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E-MAIL: |
renovare_mossoro@uol.com.br |
|
WEB SITE: |
www.renovare.agr.br |
BRANCHES
DOES NOT HAVE
LEGAL DATA
MAIN ACTIVITIES:
WHOLESALE OF PESTICIDES, MANURE AND FERTILIZERS.
|
LEGAL FORM: |
LIMITED LIABILITY COMPANY |
|
|
|
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INCORPORATION DATE: |
10/09/1999 |
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REGISTER DATE: |
10/09/1999 |
|
BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
03.395.477/0001-01 |
|
STATE REGISTER: |
20.083.4058-3 |
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|
|
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SHARE CAPITAL: |
R$ 30.000,00 |
|
LAST REGISTER OF CAPITAL: |
10/09/1999 |
|
BOARD OF DIRECTORS: |
|
|
|
|
|
EMIDIO LEITE DE VASCONCELOS |
MANAGING PARTNER |
|
CLEDSON LUIS FERNANDES NUNES |
MANAGING PARTNER |
AUTHORIZED USE OF SIGNATURE
THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF
THE COMPANY.
|
SHAREHOLDERS
/ PARTNERS: |
|
|
CLEDSON LUIS FERNANDES NUNES |
50% |
|
EMIDIO LEITE DE VASCONCELOS |
50% |
AFFILIATES / SUBSIDIARIES:
RENOVARE PETROLINA COMERCIAL AGRICOLA LTDA
RENOVARE
RENOVARE UPANEMA AGROPECUÁRIA LTDA
SLC LOCAÇÕES & SERVIÇOS DE CONSULTORIA RURAL LTDA
COMPANY'S BACKGROUND
THE SUBJECT WAS ESTABLISHED ON SEPTEMBER 10, 1999 TO BE
ENGAGED IN THE SAID LINE OF BUSINESS.
PARTNERS:
EMIDIO LEITE DE VASCONCELOS: BRAZILIAN, MARRIED,
ENTREPRENEUR, HOLDER OF DOCUMENTS CPF 415.361.934-53, RG 2.048.284 SSP/PE,
RESIDENTIAL ADDRESS RUA RODRIGUES FERREIRA, 45, BLOCO G, APTO 1202, VÁRZEA, ZIP
CODE 50810-020, RECIFE/PE;
CLEDSON LUIS FERNANDES NUNES: BRAZILIAN, MARRIED, ENTREPRENEUR,
HOLDER OF DOCUMENTS CPF 638.731.924-20, RG 856.377 SSP/RN, RESIDENTIAL ADDRESS
AVENIDA RIO BRANCO, 2157, CENTRO, ZIP CODE 59619-400, MOSSORÓ/RN.
THE STREET NAME HAS CHANGED FROM (RUA PROJETADA, 382 BR
FURTHER DETAILS ARE SO FAR NOT KNOWN.
WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. CLEDSON,
PARTNER, WHO INFORMED THAT WOULD NOT DISCLOSE ANY KIND OF INFORMATION UNLESS
THE INQUIRING PARTY'S NAME WAS DISCLOSED.
IF IT IS POSSIBLE TO DISCLOSE THE NAME OF THE INTERESTED
SUPPLIER OF THE SUBJECT, WE MAY RESUME OUR CONTACTS AND TRY TO OBTAIN FURTHER
INFORMATION.
THE DATA CONTAINED HEREIN WERE OBTAINED FROM OUTSIDE
SOURCES, OUR DATABASE AND OFFICIAL. NO FURTHER DATA WAS AVAILABLE WITH SEVERAL
SOURCES USUALLY INVESTIGATED.
PUBLIC
RECORDS INFORMATION:
NO DETRIMENTAL FILES WERE FOUND.
FINANCIAL INFORMATION
GENERAL
BALANCE SHEETS AS OF 31/12/2009, 31/12/2008 AND 31/12/2007.
(
FIGURES ARE IN REAIS ).
|
ASSETS
|
|
|
|
|
CURRENT: |
31/12/2009 |
31/12/2008 |
31/12/2007 |
|
|
|
|
|
|
CASH |
24.345,85 |
12.220,93 |
9.108,55 |
|
BANKS |
764.947,12 |
97.324,90 |
108.986,69 |
|
INVESTMENTS |
4.000,00 |
|
|
|
CLIENTS |
4.024.915,23 |
3.973.078,40 |
5.234.310,39 |
|
INVENTORY |
1.068.629,38 |
1.361.756,67 |
1.018.128,73 |
|
RECOVERABLE TAXES |
243.600,77 |
212.046,29 |
146.841,75 |
|
OTHER CREDITS |
200,00 |
136.250,00 |
136.250,00 |
|
PRE PAID EXPENSES |
139.371,94 |
2.831,62 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
6.270.010,29 |
5.795.508,81 |
6.653.626,11 |
|
LONG-TERM RECEIVABLES: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
|
|
26.407,54 |
|
INTERCOMPANY CREDITS |
|
|
19.105,92 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
|
|
45.513,46 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
916.713,20 |
831.998,97 |
|
|
FIXED ASSETS |
457.469,51 |
259.275,49 |
256.025,67 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
1.374.182,71 |
1.091.274,46 |
256.025,67 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
7.644.193,00 |
6.886.783,27 |
6.955.165,24 |
|
LIABILITIES: |
|
|
|
|
CURRENT:
|
31/12/2009 |
31/12/2008 |
31/12/2007 |
|
|
|
|
|
|
SUPPLIERS |
1.623.299,44 |
1.661.302,49 |
1.997.323,18 |
|
LOANS AND FINANCING |
331.907,77 |
310.425,66 |
|
|
TRIBUTARY OBLIGATIONS |
27,90 |
77.230,00 |
93.149,55 |
|
LABOR OBLIGATIONS |
11.718,35 |
12.294,74 |
12.244,90 |
|
SOCIAL OBLIGATIONS |
5.985,36 |
5.772,80 |
6.959,16 |
|
ACCOUNTS PAYABLE |
|
4.611,62 |
169.607,30 |
|
LABOR PROVISIONS |
4.528,07 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
1.977.466,89 |
2.071.637,31 |
2.279.284,09 |
|
LONG TERM LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
89.473,66 |
895.161,92 |
774.109,84 |
|
TAXES AND CONTRIBUTIONS |
774.109,84 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
863.583,50 |
895.161,92 |
774.109,84 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
30.000,00 |
30.000,00 |
30.000,00 |
|
ACCRUED PROFIT (LOSS) |
4.773.142,61 |
3.889.984,04 |
3.871.771,31 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
4.803.142,61 |
3.919.984,04 |
3.901.771,31 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
7.644.193,00 |
6.886.783,27 |
6.955.165,24 |
PROFIT
AND LOSS ACCOUNTS AS OF 31/12/2009, 31/12/2008 AND 31/12/2007.
(
FIGURES ARE IN REAIS ).
|
|
31/12/2009 |
31/12/2008 |
31/12/2007 |
|
|
|
|
|
|
GROSS SALES |
9.473.702,50 |
7.530.527,48 |
7.674.034,80 |
|
(-) TAXES ON SALES |
416.816,60 |
271.986,05 |
193.501,55 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
9.056.885,90 |
7.258.541,43 |
7.480.533,25 |
|
(-) COST OF SOLD GOODS |
7.047.929,77 |
5.468.480,55 |
4.851.745,79 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
2.008.956,13 |
1.790.060,88 |
2.628.787,46 |
|
OPERATING REVENUE (EXPENSE) |
-2.077.164,61 |
-1.500.833,58 |
-1.627.865,52 |
|
FINANCIAL REVENUE(EXPENSE) |
-30.554,28 |
-114.522,63 |
-40.604,75 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
-98.762,76 |
174.704,67 |
960.317,19 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
-98.762,76 |
174.704,67 |
960.317,19 |
|
MONTHLY
SALES |
|
||
|
|
2010 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$
682.796,67 |
|
|
|
FEBRUARY |
R$
1.077.305,30 |
|
|
|
MARCH |
R$
576.932,48 |
|
|
|
APRIL |
R$
454.674,13 |
|
|
|
MAY |
R$
611.044,53 |
|
|
|
JUNE |
R$
1.301.433,25 |
|
|
|
JULY |
R$
739.480,04 |
|
|
|
AUGUST |
R$
1.178.759,03 |
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|
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SEPTEMBER |
|
|
|
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OCTOBER |
|
|
|
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NOVEMBER |
|
|
|
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DECEMBER |
|
|
|
|
TOTAL |
R$
6.622.425,43 |
|
|
|
RATIOS: |
31/12/2009 |
31/12/2008 |
31/12/2007 |
|
QUICK RATIO |
2,63 |
|
2,14 |
|
2,47 |
|
|
CURRENT RATIO |
3,17 |
|
2,80 |
|
2,92 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
2,25 |
TIMES |
1,83 |
TIMES |
1,43 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
159,99 |
DAYS |
197,05 |
DAYS |
251,90 |
DAYS |
|
INVENTORY TURNOVER |
6,60 |
TIMES |
4,02 |
TIMES |
4,77 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
82,92 |
DAYS |
109,37 |
DAYS |
148,20 |
DAYS |
|
RETURN ON ASSETS |
1,18 |
TIMES |
1,05 |
TIMES |
1,08 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
1,89 |
TIMES |
1,85 |
TIMES |
1,92 |
TIMES |
|
NET WORTH TIE-UP |
,10 |
|
,07 |
|
,07 |
|
|
INDEBTEDNESS |
,59 |
|
,76 |
|
,78 |
|
|
EQUITY RATIO |
62,83 |
% |
56,92 |
% |
56,10 |
% |
|
WORKING CAPITAL RATIO |
217,07 |
% |
179,76 |
% |
191,92 |
% |
|
GENERAL SOLVENCY |
2,69 |
|
2,32 |
|
2,28 |
|
|
RETURN ON NET EQUITY |
-2,06 |
% |
4,46 |
% |
24,61 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
-1,09 |
% |
2,41 |
% |
12,84 |
% |
|
GROSS PROFIT MARGIN |
22,18 |
% |
24,66 |
% |
35,14 |
% |
|
OPERATIONAL RESULT |
-1,09 |
% |
2,41 |
% |
12,84 |
% |
|
SALES TURNOVER ON LIABILITIES |
4,58 |
TIMES |
3,50 |
TIMES |
3,28 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE
RATE: |
|
|
US$ 1,00 = R$ 1,63 |
- OFFICIAL RATE ON
09/08/2011 |
|
US$ 1,00 = R$ 1,74 |
- OFFICIAL RATE ON
31/12/2009 |
|
US$ 1,00 = R$ 2,33 |
- OFFICIAL RATE ON
31/12/2008 |
|
US$ 1,00 = R$ 1,77 |
- OFFICIAL RATE ON
31/12/2007 |
COMMENTS ON THE FINANCIAL
INFORMATION
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS.
THE FIGURES AVAILABLE SHOW A FAIR FINANCIAL STANDING. IT
SHOWS HIGH LIQUIDITY RATIOS WITH GOOD WORKING CAPITAL AMOUNT AND LOW LEVEL OF
INDEBTEDNESS. IN ADDITION IT IS NOTED GOOD SALES RECOVERY BUT ITS HIGH COSTS
AND EXPENSES DROVE THE COMPANY TO MAKE NEGATIVE RESULT.
REAL ESTATE
OWNED PREMISES ARE VALUED AT R$ 2.000.000,00
THE PARTNERS OWN REAL ESTATE VALUED AT R$ 2.000.000,00
DETAIL
OF RENTED/LEASED REAL ESTATE:
|
|
|
|
TYPE: |
OTHERS |
|
VALUE: |
R$ 350,00 |
VEHICLES
OWNED VEHICLES ARE
VALUED AT R$ 150.000,00
MACHINES
OWNED MACHINES AND
EQUIPMENTS ARE VALUED AT R$ 50.000,00
INSURANCE
|
INSURANCE COMPANY: |
BRADESCO SEGUROS |
|
COVERAGE: |
FIRE / THEFT / ELECTRIC DAMAGES |
|
|
|
|
INSURANCE COMPANY: |
ITAÚ XL SEGUROS CORPORATIVOS S/A |
|
COVERAGE: |
ROBBERY |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO DO BRASIL S/A |
0036-1 / 84 3316-3100 |
MISSORÓ/RN |
|
BANCO ITAÚ S/A |
1468 / 84 3316-1099 |
MISSORÓ/RN |
REMARKS: IN
ACCORDING TO THE CENTRAL BANK OF
ACTIVITIES COMMENTS
SUBJECT IS ENGAGED IN THE WHOLESALE TRADING OF PESTICIDES,
MANURE AND FERTILIZERS.
IMPORT
AND EXPORT:
IMPORTS FROM:
EXPORTS TO:
DOES NOT EXPORT.
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC CLIENTS: |
|
PHONE: |
|
BOLLO BRASIL PROD. COM. DE FRUTAS LTDA |
|
81 3317-5604 |
|
C. Y. MATSUMOTO |
|
84 321-7149 |
|
CASA DO PLANTIO COM E REP. LTDA |
|
81 3728-1463 |
|
CLAUDIO TAKESHI |
|
84 317-4397 |
|
CRIS FRUTAS LTDA |
|
84 321-7567 |
|
FINOBRASA AGROINDUSTRIAL S/A |
|
84 3335-2216 |
|
JIEM AGRICOLA |
|
84 314-2088 |
|
JMZ - IRRIG E PROD. |
|
84 234-6768 |
|
MATA FRESCA LTDA |
|
84 3318-7688 |
|
TECNAGRO AGRICOLA |
|
84 316-3696 |
|
W.G. PRODUÇÃO E DISTRIBUIÇÃO DE FRUTAS LTDA |
|
84 3316-4145 |
STAFF:
NOT AVAILABLE
CONCEPT AND FULFILMENT
THE SUBJECT WAS ESTABLISHED IN 1999. SO FAR IT HAS A CLEAR
TRADE HISTORY AND NO PAYMENT PROBLEMS ARE NOTED.
THE COMPANY HAS TRADE RELATIONS WITH SOME LOCAL SUPPLIERS
BUT UP TO DATE ONLY SMALL PAYMENTS WERE REPORTED AND THE SUBJECT IS NOT SAID TO
BE USER OF TRADE CREDIT FACILITIES.
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC SUPPLIERS: |
CITY: |
PHONE: |
|
ARYSTA LIFESCIENCE DO BRASIL LTDA |
SÃO PAULO/SP |
11 3054-5000 |
|
DOW AGROSCIENCES INDUSTRIAL LTDA |
SÃO PAULO/SP |
11 5188-9000 |
|
PROFERTIL S/A |
SANTA LUZIA DO NORTE/AL |
82 3218-7146 |
|
SEMINIS DO BRASIL PROD. COM. SEMENTES LTDA |
CAMPINAS/SP |
19 3278-3994 |
|
SYNGENTA PROTEÇÃO DE CULTIVOS LTDA |
SÃO PAULO/SP |
19 3874-5943 |
|
TECHNES AGRÍCOLA LTDA |
CABREÚVA/SP |
11 4529-7310 |
PAYMENT HISTORY
04 SUPPLIERS REPORTED PAYMENTS:
TOTAL AMOUNT: R$
3.705.812,00
AMOUNT OF INVOICES PAID: 158
TOTAL OF PROMPT PAYMENTS: 99%
TOTAL OF DELAYED PAYMENTS: 1%
HIGHEST INVOICE: R$ 235.068,00
HIGHEST CREDIT: R$ 928.254,00
FINAL OPINION
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR
SEVERAL YEARS. UP TO DATE IT HAS A FAIR FINANCIAL STANDING AND CLEAR TRADE
HISTORY.
BASED ON THE GENERAL INFORMATION AVAILABLE IT IS BELIEVED
THAT GOOD TRADE RELATIONS MAY BE ESTABLISHED. CREDIT FACILITIES MAY BE EXTENDED
WITHIN TERMS AND AMOUNTS ADEQUATE TO THE COMPANY'S FINANCIAL STRENGTH.
DESPITE THE LOSS MADE A CREDIT LIMIT OF US$ 150.000,00 MAY
BE CONSIDERED.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.20 |
|
|
1 |
Rs.73.51 |
|
Euro |
1 |
Rs.64.76 |
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 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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.