MIRA
INFORM REPORT
|
Report Date : |
28.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
TOURISM CORPORATION OF GUJARAT LIMITED |
|
|
|
|
Registered
Office : |
Block No.17, 4th Floor, Udyog Bhavan, Sector-11,
Gandhinagar, Gujarat-382011 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2008 |
|
|
|
|
Date of
Incorporation : |
10.06.1975 |
|
|
|
|
Com. Reg. No.: |
04-002722 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 199.991 millions. |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63040GJ1975SGC002722 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in Tourism Development Service Industries. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 570000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a government of Gujarat undertaking corporation established
for promotion and development of Tourism sector. Trade relations are reported
as fair. Payments are reported to be usually correct and as per commitments. Subject being a government corporation 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 |
INFORMATION DECLINED BY
|
Name : |
Mr. H A Acharya |
|
Designation : |
Account Manager |
|
Date : |
27.06.2011 |
LOCATIONS
|
Registered Office / Head Office : |
Block No.17, 4th Floor, Udyog Bhavan, Sector-11,
Gandhinagar, Gujarat-382011, India |
|
Tel. No.: |
91-79-23220002 / 23222523 / 2322645 |
|
Mobile No.: |
91-9727723914 (Mr. M S Joshi) 91-9727723917 (Mr. B D Madia) 91-9727706200 (Mr. K Biswas) |
|
Fax No.: |
91-79-23238908 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch office : |
H. K. House, Off Ashram Road, Ahmadabad-380009, India |
|
Tel. No.: |
91-79-26576434 / 26589172 |
|
Fax No.: |
91-79-26582183 |
|
|
|
|
Branches |
Located at
|
DIRECTORS
AS ON 31.12.2008
|
Name : |
Mr. Kamleshkumar G. Patel |
|
Designation : |
Chairman |
|
Address : |
6, Prankunj Society, Kankaria Road, Ahmadabad, Gujarat, India |
|
Date of Appointment : |
27.04.2006 |
|
DIN No : |
02737232 |
|
|
|
|
Name : |
Mr. Parsotambhai D Vaghela |
|
Designation : |
Managing Director |
|
Address : |
R-7, Setu Row Houses, Near Hasubhai Park, Opposite Dhananjay Tower,
Shyal Char Rasta, Satelite, Ahmadabad, Gujarat, India |
|
Date of Appointment : |
13.09.2006 |
|
DIN No : |
01912330 |
|
|
|
|
Name : |
Mr. Subhash I Patel |
|
Designation : |
Director |
|
Address : |
Ashray, Plot No.86, Sector 29, Gandhinagar, Gujarat, India |
|
Date of Appointment : |
15.12.2006 |
|
DIN No : |
01675629 |
|
|
|
|
Name : |
Mr. Munindra A Bhatt |
|
Designation : |
Director |
|
Address : |
76-Akashdeep Duplex, Near, Shreyas Crossing, Ambawadi, Ahmadabad,
Gujarat, India |
|
Date of Appointment : |
15.12.2006 |
|
DIN No : |
01060895 |
|
|
|
|
Name : |
Mr. Purushottambhai J Patel |
|
Designation : |
Director |
|
Address : |
Plot No. 176/1, Sector6B, Gandhinagar, Gujarat, India |
|
Date of Appointment : |
04.03.2005 |
|
DIN No : |
00325635 |
|
|
|
|
Name : |
Mr. Deepak A Bhatt |
|
Designation : |
Director |
|
Address : |
Plot No.20/119, Pragatinagar, Near GHB Office, 132, Ring Road,
Naranpura, Ahmadabad, Gujarat, India |
|
Date of Appointment : |
19.09.2005 |
|
DIN No : |
00354709 |
KEY EXECUTIVES
|
Name : |
Mr. Mukund S Joshi |
|
Designation : |
Secretary |
|
Date of Appointment : |
06.12.1995 |
|
PAN No.: |
AARPJ9862G |
|
|
|
|
Name : |
Mr. B. D. Madia |
|
Designation : |
Manager Personnel |
|
|
|
|
Name : |
Ms. Chaula Kuruva |
|
Designation : |
Manager (PR and Publicity) |
|
|
|
|
Name : |
Mr. Hemant Pradhan |
|
Designation : |
Senior Tourist Officer |
|
|
|
|
Name : |
Mr. K. Biswas |
|
Designation : |
Manager
(Investment) (Marketing and IT) |
|
|
|
|
Name : |
Mr. Nirav Munshi |
|
Designation : |
Manager (Hotels, Tours and Travels) |
|
|
|
|
Name : |
Mr. Ajit Joshi |
|
Designation : |
Manager (Project) |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.12.2008
|
Names of Shareholders |
No. of Shares |
|
Jayant Primal |
1 |
|
Deepak A Bhatt |
1 |
|
Darpana Dhimmar |
1 |
|
M P Master |
1 |
|
B V Dantani |
1 |
|
S S Hivale |
1 |
|
T K Yshodharan |
1 |
|
M B Vadhrodiya |
1999901 |
|
Total |
1999908 |
AS ON 31.12.2008
|
Category |
Percentage |
|
Government
(Central and State) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Tourism Development Service Industries. |
GENERAL INFORMATION
|
Bankers : |
·
HDFC Bank |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
C R Sharedalal and Company Chartered Accountant |
|
Address : |
101-102, 1st Floor, Parishram, 5/B, Rashmi Society
Mithakhali Six Roads, Navrangpura, Ahmadabad-380009, Gujarat, India |
CAPITAL STRUCTURE
AS ON 31.03.2008
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.100/- each |
Rs. 200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1999909 |
Equity Shares |
Rs.100/-
each |
Rs. 199.991
Millions |
|
|
|
|
|
Note : of the above shares 306459 Shares are allotted
as fully paid up pursuant to contract without payments being received in cash.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
199.991 |
199.991 |
199.991 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1.169 |
0.669 |
0.669 |
|
|
4] (Accumulated Losses) |
(58.128) |
(234.557) |
(224.196) |
|
|
NETWORTH |
143.032 |
(33.897) |
(23.536) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
75.026 |
81.000 |
79.637 |
|
|
TOTAL BORROWING |
75.026 |
81.000 |
79.637 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED GOV. GRANTS AND OTHER GRANTS |
1022.850 |
572.308 |
485.870 |
|
|
|
|
|
|
|
|
TOTAL |
1240.908 |
619.411 |
541.971 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
156.684 |
149.730 |
140.560 |
|
|
Capital work-in-progress |
0.000 |
6.795 |
55.328 |
|
|
|
|
|
|
|
|
INVESTMENT |
676.696 |
206.434 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
68.812
|
70.339 |
71.003 |
|
|
Cash & Bank Balances |
374.865
|
233.462 |
227.828 |
|
|
Other Current Assets |
15.000
|
15.000 |
0.000 |
|
|
Loans & Advances |
105.280
|
30.144 |
99.827 |
|
Total
Current Assets |
563.957
|
348.945 |
398.658 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
24.820
|
18.342 |
12.135 |
|
|
Other Current Liabilities |
13.521
|
10.521 |
5.022 |
|
|
Provisions |
118.088
|
63.702 |
55.561 |
|
Total
Current Liabilities |
156.429
|
92.565 |
72.718 |
|
|
Net Current Assets |
407.528
|
256.380 |
325.940 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.072 |
0.143 |
|
|
|
|
|
|
|
|
TOTAL |
1240.908 |
619.411 |
541.971 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
49.433 |
52.872 |
50.402 |
|
|
|
Other Income |
35.890 |
27.417 |
10.594 |
|
|
|
Profit on Sale of Land |
232.060 |
0.000 |
0.000 |
|
|
|
Amortization of Government Grant |
5.779 |
6.196 |
5.992 |
|
|
|
TOTAL (A) |
323.162 |
86.485 |
66.988 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees Emoluments |
47.796 |
25.003 |
27.749 |
|
|
|
Administrative Expenses |
26.974 |
27.223 |
27.796 |
|
|
|
Provision for Doubtful Debts |
0.000 |
12.251 |
11.424 |
|
|
|
Doubtful Debts W/Off |
0.000 |
1.657 |
0.000 |
|
|
|
Privatization Expenses |
8.854 |
0.000 |
0.000 |
|
|
|
Prior Period Adjustments |
5.041 |
0.364 |
(0.706) |
|
|
|
TOTAL (B) |
88.665 |
66.498 |
66.263 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
234.497 |
19.987 |
0.725 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.103 |
1.363 |
1.349 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
234.394 |
18.624 |
(0.624) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.978 |
8.654 |
7.301 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
226.416 |
9.970 |
(7.925) |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
49.987 |
0.331 |
(0.432) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
176.429 |
9.639 |
(8.357) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(234.557) |
(244.196) |
(235.839) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
(58.128) |
(234.557) |
(244.196) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
88.21 |
4.81 |
(4.38) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
PAT / Total Income |
(%) |
54.59
|
11.14 |
(12.48) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
458.02
|
18.86 |
(15.72) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
31.42
|
2.00 |
(1.47) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.58
|
(0.29) |
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.62
|
(5.12) |
6.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.61
|
3.77 |
5.48 |
LOCAL AGENCY FURTHER INFORMATION
Note : Registered Office
of the company has been shifted from Nagar-16,Gujarat-382016, India to the present address w.e.f. 29.06.2006
PERFORMANCE HIGHLIGHTS:
·
The Corporation has made Net profit of Rs. 176.429 millions compared to Net
profit of Rs.9.638 millions in previous year.
·
The Income from operations has down up from Rs
52.872 millions in the previous year to Rs.49.433 millions during the year.
·
The Corporation has charged 15% administrative
overheads amounting to Rs. 21.116 millions, (P.Y. Rs. 29.044 millions)
on utilization of grants as per GR. No. TDC/1097/3256/C Dated
27.5.1998 of Information, Broadcasting and Tourism Department.
·
The State Government
has sanctioned and released the Grant of Rs.922.500 millions during the year against Rs. 403.000 millions in the previous year.
·
The accumulated losses as on 3 1-03-2008 works out
to be Rs.58.100 millions against
the paid up capital of Rs.200.000 millions.
AWARDS :
The Corporation has won the awards during
the year as mentioned below:
Received National
Tourism Award of Best Tourism Friendly Monument for Charnpaner –Pavagadh Archaeological Park in 2007.
·
Received special National Tourism Award of Excellence in Publication
(Collaterd) in 2007.
·
Receive1 award for Best ethnic tourism pavilion in SATE 2007 in New Delhi.
·
Received Award
for promotion of fairs and
festivals in August 2007 and awards at various tourism fairs and exhibitions for Excellence
and for tourism promotion.
·
Received award for Best Tourism Film for
"Dholavira -A futuric Metropolis
of the past" by Minishy of
Tourism, Government of India.
FIXED ASSETS
·
Land and Building
·
Portable Cabins
·
Furniture and Fixtures
·
Office Equipments
·
Vehicles
·
Boats
WEB SITE DETAILS
PROFILE
Gujarat today offers a wide range of the most
spectacular attractions - which includes breathtaking locations and scenic
landscapes. Gujarat is also a melting pot of several civilizations resulting in
a vibrant culture and a rich heritage. Gujarat is home to several architectural
marvels, witnesses of its glorious history and pilgrim centers for many faiths.
Finally, it is also the land of several mythological and historical figures
like the legendary Krishna and Mahatma Gandhi the apostle of non-violence.
The Tourism Corporation of Gujarat is aware of the
unsurpassed reach of the wonderful medium called the Internet. This site is the
Corporation's endeavor to convey the timeless appeal of Gujarat, its
traditions; its culture to the world. The task of conveying a 3,500-year-old
culture cannot be completed in just a few electronic pages and your support and
suggestions are needed to help us evolve into an organization that can provide
good service on the Internet. Currently on the website, they provide a brief
summary of the various tourist attractions of Gujarat, its fairs and festivals
along with the Investment Opportunities available in Gujarat. The Tourism
Corporation of Gujarat Limited, set up in 1975, provides comprehensive travel
services to visitors to the state. These include accommodation, conducted tours
and ground transport with a wide range of choice to meet diverse needs. The
Corporation has a network of 18 accommodation units and 5 Cafeterias under the
brand name Toran.
Over the years, the number of tourists to Gujarat
has increased substantially, largely due to the development in infrastructure
undertaken by the Corporation. In fact, the efforts in promoting infrastructure
in keeping with the spirit of the state, its people and its natural environment
have won the Corporation such prestigious awards as the National Tourism
Awards-2005-06 for Best Kept Tourism Momument-Champaner and Excellence in
Publication (Collateral). Special appreciation letter to Chief Secretary from
Jt. Secretary, Ministry of Tourism, Government of India, for “Extremely well
produced literature” and “Great job done by Gujarat Tourism” vide letter No.
17.IP (1)/2006 dated 1.6.2006. Received Best Tourism Film Award of Government
of India during the Tourism Year 2006 for the tourism field “Glimpses of
Glory”. Received National Tourism Award of Best Tourism Friendly Monument for
Champaner-Pavagadh Archaeological Park in 2007. Received special National
Tourism Award of Excellence in Publication (collateral) in 2007. Received award
for Best ethnic tourism pavilion in SATTE-2007 in New Delhi. Received Award for
promotion of fairs and Festivals in August 2007 and awards at various tourism
fairs and exhibitions for Excellence and for tourism promotion. Received Award
for Best Tourism Film for “DHOLAVIRA – A FUTURIC METROPOLIS OF THE PAST” by
Ministry of Tourism, Government of India. GUJARAT received “Best Tourism
Pavilion” award on 19th April, 2008 at Asia’s biggest Tourism and Travel
exhibition - “SATTE–2008” held at New Delhi.
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 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.45.10 |
|
|
1 |
Rs.71.87 |
|
Euro |
1 |
Rs.63.75 |
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 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
TOTAL |
|
43 |
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.