%20PRIVATE%20LIMITED%20-%20149334%2027-Jul-2011_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
27.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
GO AIRLINES ( |
|
|
|
|
Registered Office : |
Neville House J N
Heredia Marg, Ballard Estate, Mumbai-400001, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
29.04.2004 |
|
|
|
|
Com. Reg. No.: |
11-145991 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.700.000 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U63013MH2004PTC145991 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMG10184G |
|
|
|
|
Legal Form : |
Private Limited
Liability Company |
|
|
|
|
Line of Business : |
To offer
quality consistent, quality assured and time efficient product and service at
affordable fares |
|
|
|
|
No. of Employees : |
Not
Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The company
has been promoted by Wadia Group. There appears some accumulated losses
recorded by the company. Trade relations are reported as fair. Business is
active. Payments are reported to be slow. The view of strong promoters company can be considered for small
business dealings at usual trade terms and conditions, with slight caution,
initially. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION DECLINED BY
|
Name : |
Mr. Mahesh Chand |
|
Designation : |
General Manager |
|
Date : |
25.07.2011 |
LOCATIONS
|
Registered Office : |
Neville House J N
Heredia Marg, Ballard Estate, Mumbai – 400001, |
|
Tel. No.: |
91-22-22618071 /
67420499 / 67420300 / 67410000 |
|
Fax No.: |
91-22-67410001 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
Paper Box
House, Off |
|
Tel. No.: |
91-22-55410000 |
|
Fax No.: |
91-22-67410001 |
|
E-Mail : |
|
|
|
|
|
Airport
Office: |
Terminal 1 A, Domestic
Airport, Sahar, Andheri, Mumbai-400099 |
|
Tel. No. : |
91-22-26156636 |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Jeh Nusli
Wadia |
|
Designation : |
Managing Director
|
|
Address : |
Beach House, P. Balumarg,
Prabhadevi, Mumbai- 400025 |
|
Date of Birth/Age : |
06.07.1973 |
|
Date of Appointment : |
29.04.2004 |
|
|
|
|
Name : |
Mr. |
|
Designation : |
Director |
|
Address : |
Beach House, P.
Balumarg, Prabhadevi, Mumbai- 400025 |
|
Date of Birth /Age : |
30.05.1971 |
|
Date of Appointment : |
29.04.2004 |
|
|
|
|
Name : |
Mr. Nusli Nevile
Wadia |
|
Designation : |
Director |
|
Address : |
Beach House, P.
Balumarg, Prabhadevi, Mumbai- 400025 |
|
Date of Birth /Age : |
15.02.1944 |
|
Date of
Appointment : |
29.07.2005 |
|
Other
Directorship : |
·
Chairman U99999MH9999PLC004037 ·
Gherzi
Eastern Limited Director U74220MH1960PTC011691 ·
Chairman L99999MH1863PLC000002 ·
Brigannia
Industries Limited Chairman U15412WB1918PLC002964 ·
Nowrosjee
Wadia And Sons Limited Chairman And Managing Director U51900MH1944PLC004225 ·
Tata
Steel Limited Director L27100MH1907PLC000260 ·
Tata
Chemicals Limited Director L24239MH1939PLC002893 ·
Atul
Limited Director L99999GJ1975PLC002859 ·
Wadia
Bsn India Limited Chairman U74999MH2003PTC059856 ·
Tata
Motors Limited Director L28920MH1945PLC004520 ·
Britannia
New Zealand Foods Private Limited Chairman U15201MH2002PTC135164 |
|
|
|
|
Name : |
Ms. Vinita K.
Bali |
|
Designation : |
Director |
|
Address : |
Flat No. 1104, Tulip
Prestige Exotica, |
|
Date of Birth/Age : |
11.11.1955 |
|
Date of
Appointment : |
25.10.2007 |
|
Other
Directorship : |
·
Britannia
industries limited U15412WB1918PLC002964 Managing director ·
Britannia
New Zealand Foods Private Limited Director U15201MH2002PTC135164 |
|
|
|
|
Name : |
Mr. Ashok Panjwani |
|
Designation : |
Director |
|
Address : |
402, Diasylea Apartments, |
|
Date of Birth/Age : |
28.09.1956 |
|
Date of Appointment : |
01.06.2004 |
KEY EXECUTIVES
|
Name : |
Mr. Alokkumar Ram Mishra |
|
Designation : |
Secretary |
|
Address : |
Flat No. 12, Emerald Plot No. 27-29, Sector 19/20, CBD Belapur, Navi
Mumbai-400108, |
|
Date of Birth/Age : |
01.07.1977 |
|
Date of Appointment : |
12.09.2008 |
|
|
|
|
Name : |
Mr. Nirav Mahendra Pandya |
|
Designation : |
Secretary |
|
Address : |
Block 32, |
|
Date of Birth/Age : |
25.09.1971 |
|
Date of Appointment : |
14.06.2010 |
|
|
|
|
Name : |
Mr. Mahesh Chand |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Jeh Nusli Wadia |
|
727500 |
|
|
|
727500 |
|
Seawind
Investment and Trading Private Limited, |
|
1290000 |
|
Nidhivan
Investments and Trading Company Private Limited, |
|
727400 |
|
Sahara
Investments Private Limited, |
|
727500 |
|
Heera Holdings
and Leasing Private Limited, |
|
727500 |
|
Go Investment and
Trading Co Private Limited, |
|
65072500 |
|
N N Wadia Administrator of Estate of Late E F Dinshaw and Company, |
|
100 |
|
|
|
|
|
Total |
|
70000000 |
As on 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
97.92 |
|
Directors
or relatives of directors |
|
2.08 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
To offer
quality consistent, quality assured and time efficient product and service at
affordable fares |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees: |
Not Available |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
Note:
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kalyaniwalla and Mistry Chartered Accountant |
|
Address : |
Kalpataru Heritage, 127, |
|
|
|
|
Holding Company: |
|
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
80000000 |
Equity Shares |
Rs.10/- each |
Rs.800.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
70000000 |
Equity Shares |
Rs.10/- each |
Rs.700.000
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 |
700.000 |
700.000 |
700.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(5832.113) |
(4933.260) |
(4707.756) |
|
|
NETWORTH |
(5132.113) |
(4233.260) |
(4007.756) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3647.131 |
638.405 |
654.540 |
|
|
2] Unsecured Loans |
3446.811 |
5321.994 |
2236.411 |
|
|
TOTAL BORROWING |
7093.942 |
5960.399 |
2890.951 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1961.829 |
1727.139 |
(1116.805) |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
427.437 |
138.144 |
146.429 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.051 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
2577.794 |
2235.656 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
29.037
|
11.576 |
1.991 |
|
|
Sundry Debtors |
57.588
|
52.379 |
13.879 |
|
|
Cash & Bank Balances |
23.907
|
73.364 |
52.215 |
|
|
Other Current Assets |
0.000
|
0.106 |
0.000 |
|
|
Loans & Advances |
2252.476
|
2001.575 |
2111.669 |
|
Total
Current Assets |
2363.008
|
2139.000 |
2179.754 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
526.885
|
847.035 |
738.711 |
|
|
Other Current Liabilities |
2862.673
|
2347.124 |
2689.309 |
|
|
Provisions |
16.903
|
14.579 |
14.968 |
|
Total
Current Liabilities |
3406.461
|
3208.738 |
3442.988 |
|
|
Net Current Assets |
(1043.453)
|
(1069.738) |
(1263.234) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
423.077 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1961.829 |
1727.139 |
(1116.805) |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
7519.619 |
3627.732 |
|
|
|
|
Other Income |
769.604 |
274.805 |
|
|
|
|
TOTAL |
8289.223 |
3902.537 |
5098.604 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
4099.607 |
6810.963 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
(197.070) |
(1712.359) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
18.766 |
21.689 |
28.005 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
(218.759) |
(1740.364) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
6.745 |
7.256 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
(898.853) |
(225.504) |
(1747.620) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
471.203 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(12.84) |
(3.22) |
NA |
|
%20PRIVATE%20LIMITED%20-%20149334%2027-Jul-2011_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20149334%2027-Jul-2011_files/image004.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
(10.84)
|
(5.78) |
(34.28) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
(6.03) |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
(9.61) |
(74.82) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.05 |
0.43 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
(2.05)
|
(2.17) |
(1.58) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.69
|
0.67 |
0.63 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors:
|
Particulars |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
31.03.2008 (Rs. in millions) |
|
Sundry Creditors |
526.885
|
847.035 |
738.711 |
FINANCIAL RESULTS:
The Company is one of the youngest player in the Indian Domestic
Aviation Sector and during the year has planned to setout and widespread its
wings to more destinations covering more passengers.
During the Current Fiscal the Net Sales Turnover of the Company has
increased substantially by 112% corresponding to same period previous year. The
Company has improved its operational performance and the EBITDAR and EBITDA has
also improved corresponding to the previous year.
Due to losses in current financial year, the directors do not recommend
any dividend for the year ended 31st March, 2010.
OPERATION AND
OUTLOOK:
During the Current Fiscal 2009- 2010 the Company has increased its fleet
of aircrafts and got two new aircrafts each in the month of May and June 2009.
The Company again took delivery of two more aircrafts in the month of August
2010 and September 2010. The Company has a youngest fleet of 10 Aircrafts with
an average age of 1 year and 7 months.
The operational performance of the Company has substantially improved
compared to the previous year.
IMPROVED UTILISATION OF AIRCRAFTS:
The Company has improved its utilisation of Aircrafts in the Current
Fiscal and has added 4 more cities Patna, Pune, Leh and Lucknow taking its Network
to 19 Destinations all over India.
LEAST CANCELLED FLIGHTS AND ON-TIME PERFORMANCE:
The Company has got least number of Cancelled Flights in the Aviation
Industry in India and has consistently recording high load factor in the Industry
with high on-time performance and consistent and improved customer service.
Bankers Charges
Report as per Registry
|
Name of the company |
GO AIRLINES ( |
|
Presented By |
Mr. Jeh Wadia,
Managing Director |
|
1) Date and description of instrument creating the change |
Agreement of loan
dated 21st November, 2005 and hypothecation agreement dated 1st
December, 2005 (Both the
agreements constitute a single creation of charge) |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Term loan
facility of Rs.75.000 millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
The company has hypothecated
by way of first charge the assets purchased out of the Bank finance and
margin money i.e.
|
|
4) Gist of the terms and conditions and extent and operation of the charge. |
The rate of
interest will be 7.75% p.a., fixed payable monthly and margin of 10% of the
value of the assets hypothecated. The term loan is sanctioned for a period of
33 months to be repaid by bullet payment on expiry of 33 months. |
|
5) Name and Address and description of the person entitled to the charge. |
State Bank of |
|
6) Date and brief description of instrument modifying the charge |
NA |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
NA |
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U63013MH2004PTC145991 |
|
Name of the
company |
GO AIRLINES ( |
|
Address of the
registered office or of the principal place of business in |
Neville House J N
Heredia Marg, Ballard Estate, Mumbai – 400001, |
|
Type of charge |
Book Debts Movable Property
(not being pledge) Floating Charge |
|
Particular of
charge holder |
IDBI Bank Limited, 224-A, Mittal Court, A-Wing, Nariman Point,
Mumbai-400021, |
|
Email |
|
|
Nature of description
of the instrument creating or modifying the charge |
by way of deed of
hypothecation dated 15-07-2010 |
|
Date of
instrument Creating the charge |
15.07.2010 |
|
Amount secured by
the charge |
Rs.500.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest as per sanction
letter ref no: idbi/npt/mcg/10-11/43 dated 10/06/2010 and as amended from
time to time Terms of
Repayment as per sanction letter
ref no: idbi/npt/mcg/10-11/43 dated 10/06/2010 and as amended from time to
time Margin as per sanction
letter ref no: idbi/npt/mcg/10-11/43 dated 10/06/2010 and as amended from
time to time Extent and
Operation of the charge second pari passu
charge on entire movable fixed assets and current assets of the company both
present & future by way of hypothecation to secure due repayment of
credit facility to the tune of rs 50 crore together with interest and other
costs. |
|
Short particulars
of the property charged |
I)
The
Borrowers Entire Stock Of Raw Materials Semi-Finished And Finished Goods,
Consumable Storea And Spears And Such Other Moveable Including Book Debts,
Bills Whether Documentary Or Clean II)
outstanding
monies receivables, both present and future and whole of the moveable
properties of the borrower including its moveable plant and machinery,
machinery spares, tools and accessories and III)
other
movables both present and future whether installed or not and whether now
lying loose or in cases or which are now lying or stored in or about or shall
hereafter from time to time during the IV)
Continuance
of these presents be brought into or upon or be stored or be in or about all
the borrowers factories, premises and godown or wherever else the same may be
held. |
Fixed Assets:
- Leasehold Improvements
- Office Equipments
- Computer Equipments
- Furniture and Fixtures
- Vehicle on Finance Lenses
- Ratable
- Computer Software
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.44.28 |
|
|
1 |
Rs.72.36 |
|
Euro |
1 |
Rs.64.16 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
- |
|
--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 |
|
TOTAL |
|
26 |
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.