1. Summary Information
|
|
|
Country |
|
|
Company Name |
VOLGADELITE
PLASTIC UDYOG LIMITED |
Principal Name 1 |
Mr. Pramod Kumar Mahendrapal Drolia |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Praveen Kumar Mahendrapal Drolia |
|
|
|
Registration # |
11-78300 |
|
Street Address |
Unit No. 230 and
231, Building No. 2, Sonal Link Industrial Estate, Link Road, Malad (West),
Mumbai – 400064, Maharashtra, India |
||
|
Established Date |
10.05.1994 |
SIC Code |
-- |
|
Telephone# |
91-22-28810575 /
28885955 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-28888189 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Packaging Materials |
|
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
Rs.31,710,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate – 20.81% Directors or
relatives of Directors – 44.80% Other top fifty shareholders –
34.39% |
Banking |
State Bank of |
|
Public Limited Corp. |
NO |
Business Period |
17 years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(46) |
|
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 |
226,921,000 |
Current Liabilities |
126,722,000 |
|
Inventories |
79,295,000 |
Long-term Liabilities |
213,483,000 |
|
Fixed Assets |
112,668,000 |
Other Liabilities |
5,424,000 |
|
Deferred Assets |
0 |
Total Liabilities |
345,629,000 |
|
Invest& other Assets |
0 |
Retained Earnings |
41,545,000 |
|
|
|
Net Worth |
73,255,000 |
|
Total Assets |
418,884,000 |
Total Liab. & Equity |
418,884,000 |
|
Total Assets (Previous Year) |
290,030,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
572,223,000 |
Net Profit |
2,761,000 |
|
Sales(Previous yr) |
412,854,000 |
Net Profit(Prev.yr) |
8,681,000 |
MIRA
INFORM REPORT
|
Report Date : |
27.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
VOLGADELITE PLASTIC UDYOG LIMITED (w.e.f. 01.06.2011) |
|
|
|
|
Formerly Known
As : |
VOLGADELITE PLASTIC UDYOG PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No. 230 and 231, Building No. 2, Sonal Link Industrial Estate,
Link Road, Malad (West), Mumbai – 400064, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
10.05.1994 |
|
|
|
|
Com. Reg. No.: |
11-78300 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.31.710 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209MH1994PLC078300 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Packaging Materials |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 293000 |
|
|
|
|
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
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/Corporate Office : |
Unit No. 230 and 231, Building No. 2, Sonal Link Industrial Estate, Link
Road, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Tel. No.: |
91-22-28810575 / 28885955 |
|
Fax No.: |
91-22-28888189 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Survey No. 49, Hissa No. 3-A, Plot No. C, Sagpada, Village Devdal, |
|
Tel. No.: |
91-95250-2210555 / 2210300 / 2210321 / 2210322 |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Pramod Kumar Mahendrapal Drolia |
|
Designation : |
Director |
|
Address : |
D-201, |
|
Date of Birth/Age : |
13.01.1952 |
|
Date of Appointment : |
10.05.1994 |
|
DIN No. : |
00895187 |
|
|
|
|
Name : |
Mr. Praveen Kumar Mahendrapal Drolia |
|
Designation : |
Director |
|
Address : |
408, |
|
Date of Birth/Age : |
05.01.1959 |
|
Date of Appointment : |
10.05.1994 |
|
DIN No. : |
01058572 |
|
|
|
|
Name : |
Mr. Bipin Kumar Pramod Drolia |
|
Designation : |
Director |
|
Address : |
D-201, |
|
Date of Birth/Age : |
05.09.1975 |
|
Date of Appointment : |
04.03.2010 |
|
DIN No. : |
00953181 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Pramod Kumar Drolia |
|
412100 |
|
Pravin Kumar Drolia (HUF) |
|
106100 |
|
Amit Kumar Drolia |
|
97650 |
|
Pravin Kumar Drolia |
|
236500 |
|
Sunil Kumar Agarwal |
|
11500 |
|
Riddhi (Sikha) Kumari Drolia |
|
115200 |
|
Latika Kumar Drolia |
|
55300 |
|
Yashasvi Kumar Drolia |
|
21700 |
|
Binadevi Drolia |
|
131010 |
|
Bipin Kumar Drolia |
|
69010 |
|
Synthico Marketing Private Limited ( |
|
110000 |
|
Jemtech Engineering Private Limited ( |
|
100000 |
|
Wizard Traders Private Limited ( |
|
100000 |
|
Mahendrapal Praveen Kumar (HUF) |
|
62010 |
|
Sangeetadevi Drolia |
|
31110 |
|
Tejashree Daru |
|
20010 |
|
J. K. Daru |
|
10000 |
|
N. J. Sampat |
|
38500 |
|
Rekha Drolia |
|
70000 |
|
Sandhya Traders |
|
30000 |
As on 30.09.2010
|
Category |
Percentage |
|
Bodies corporate |
20.81 |
|
Directors or relatives of Directors |
44.80 |
|
Other top fifty shareholders |
34.39 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Packaging Materials |
GENERAL INFORMATION
|
Bankers : |
State Bank of India, Malad West Branch, S. V. Road, Near Chincholi
Phatak, Malad West, Mumbai – 400064, Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
A.K. Sonthalia and Company Chartered Accountant |
|
Address : |
384-M, |
|
Tel. No.: |
91-22-66332328 |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4750000 |
Equity Shares |
Rs.10/- each |
Rs.47.500 Millions |
|
500000 |
Preference Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
Total |
|
Rs.52.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3171000 |
Equity Shares |
Rs.10/-each |
Rs.31.710
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 |
31.710 |
28.010 |
22.610 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
41.545 |
31.403 |
16.733 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
73.255 |
59.413 |
39.343 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
183.047 |
152.187 |
105.627 |
|
|
2] Unsecured Loans |
30.436 |
32.382 |
36.265 |
|
|
TOTAL BORROWING |
213.483 |
184.569 |
141.892 |
|
|
DEFERRED TAX LIABILITIES |
5.424 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
292.162 |
243.982 |
181.235 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
112.668 |
96.574 |
82.921 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
79.295
|
58.090 |
34.828 |
|
|
Sundry Debtors |
187.826
|
106.572 |
98.847 |
|
|
Cash & Bank Balances |
14.382
|
7.614 |
1.765 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
24.713
|
21.180 |
19.263 |
|
Total
Current Assets |
306.216
|
193.456 |
154.703 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
124.902
|
46.048 |
55.219 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
1.820
|
0.000 |
1.170 |
|
Total
Current Liabilities |
126.722
|
46.048 |
56.389 |
|
|
Net Current Assets |
179.494
|
147.408 |
98.314 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
292.162 |
243.982 |
181.235 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
572.223 |
412.854 |
256.646 |
|
|
|
Other Income |
0.766 |
2.119 |
0.000 |
|
|
|
TOTAL (A) |
572.989 |
414.973 |
256.646 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing and Other Expenses |
555.985 |
376.742 |
226.397 |
|
|
|
Increase / (Decrease) in Stock |
(26.394) |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
529.591 |
376.742 |
226.397 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
43.398 |
38.231 |
30.249 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
21.275 |
19.652 |
15.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
22.123 |
18.579 |
15.249 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
10.738 |
8.698 |
5.930 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
11.385 |
9.881 |
9.319 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
8.624 |
1.200 |
1.170 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
2.761 |
8.681 |
8.149 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5.403 |
2.233 |
1.028 |
|
|
|
|
|
|
|
|
|
|
Prior Period Adjustments |
(0.388) |
(0.011) |
0.056 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
4.000 |
5.500 |
7.000 |
|
|
BALANCE CARRIED
TO THE B/S |
3.776 |
5.403 |
2.233 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.58 |
3.10 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.48
|
2.09 |
3.17 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.99
|
2.39 |
3.63 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.72
|
3.41 |
3.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.17 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.64
|
3.88 |
5.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.42
|
4.20 |
2.74 |
LOCAL AGENCY FURTHER INFORMATION
FINANCIAL RESULTS
AND OPERATION
The company has achieved a turnover of Rs 572.222 millions
in compare to Rs. 412.853 millions in the last year.
The Company has earned a net profit before tax of Rs 11.385
millions (P.Y Rs 9.880 millions)during the year. However, directors regret
their inability to declare dividend in view of plough back the funds for
expansion of the business in the years to come.
FORM 8:
|
Corporate
identity number of the company |
U25209MH1994PLC078300 |
|
Name of the
company |
VOLGADELITE PLASTIC UDYOG LIMITED |
|
Address of the
registered office or of the principal place of business in |
Unit No. 230 and 231, Building No. 2, Sonal Link Industrial Estate,
Link Road, Malad (West), Mumbai – 400064, Maharashtra, India |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10029809 |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
State Bank of India, Malad West Branch, S. V. Road, Near Chincholi
Phatak, Malad West, Mumbai – 400064, Maharashtra, India |
|
Nature of
instrument creating charge |
No instrument was
executed. Charge created by way of equitable mortgage by deposit of title
deeds by constructive delivery |
|
Date of
instrument Creating the charge |
26.02.2011 |
|
Amount secured by
the charge |
Rs.347.800
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Extent and operation
of the charge : Security to cover
the principal amount together with all interest discount, commission, costs,
charges and expenses. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
All that piece
and parcel of land on hereditament being Plot No.C, admg. HR 0 -80- 0 shown
in Pink Colour and Plot No.D admg. HR 0-40-0 shown in Brown Sienna lying
being and situated at Village Devdal Tal. Vasai Dist. Thane together with
building, structures, plant and machinery, furniture and fixtures both
present and future. |
|
Date of
instrument modifying the charge |
19.03.2010 |
|
Particulars of
the present modification |
Charge over immovable
properties is now extended to secure the enhanced credit facilities
aggregating Rs.347.800 Millions. |
FIXED ASSETS :
- Plant and
Machinery
- Electric
Installations
- Computers
- Air
Conditioners
- Vehicles
- Factory Equipments
- Office
Equipments
- Furniture and
Fixtures
WEBSITE DETAILS :
Company Profile :
Their Sprawling facility is
located in Mumbai, The commercial Capital of India, and connected to Sea and
Airport.
Subject has a committed work force with technical skills, dedicated and
experienced to handle the intricacies of packaging solutions. They are one of
the fast growing manufacturers in packaging and having the infrastructure to
manufacture different product including substrates and laminates such as
plastic films, metalised surfaces, paper, Foil etc. Catering to different
Industries like confectioneries, pharmaceuticals, Agro-Chemical oil, Agarbatti,
masala, shampoo etc.
Their research and development section can customize and solve any packaging
tangle but also formulate new design and structure for the product.
They also manufacture bags for packing grains, pesticides, groceries and for
any general-purpose products.
Subject is fully equipped to provide services such as printing, laminating,
coating pouch making with the state art of machinery for various sizes and
dimensions, working 24x7x365 days to cater their customer’s needs.
They in volgadelite have consecretated themselves to maintain production level
with a well-planned diagnostic tool to monitor their machineries and constantly
conducting their production Audit to maintain quality adhering to International
Standard.
Subject is fully engaged in the words of ralph emerson "Quality of Ethics
lies in work done rather than saying"
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.44.29 |
|
|
1 |
Rs.72.37 |
|
Euro |
1 |
Rs.64.17 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
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.