MIRA
INFORM REPORT
|
Report Date : |
26.03.2011 |
Note:
Correct name of the company is “MICROTROL
STERLISATION SERVICES PRIVATE LIMITED”.
IDENTIFICATION DETAILS
|
Name : |
MICROTROL STERLISATION SERVICES PRIVATE LIMITED |
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Registered Office
: |
Kriplani Estate, Sakivihar, Mumbai – 400 072, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
27.11.1991 |
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Com. Reg. No.: |
11-064185 |
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CIN No.: [Company Identification
No.] |
U33120MH1991PTC064185 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is providing contract EtO (Ethylene oxide) sterilisation
services. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 421000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well 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) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
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Registered Office : |
Kriplani Estate, Sakivihar, Mumbai – 400 072, |
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Tel. No.: |
91-22-28570097 |
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Fax No.: |
91-22-28572938 |
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E-Mail : |
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Website : |
DIRECTORS
As on 20.09.2010
|
Name : |
Ms. Surekha Bansidhar Dhurandhar |
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Designation : |
Director |
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Address : |
Nani Niwas, 69, |
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Date of Birth/Age : |
28.08.1952 |
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Date of Appointment : |
27.11.1991 |
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DIN No.: |
00825373 |
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Name : |
Mr. Vikram Baldev Kalia |
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Designation : |
Director |
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Address : |
Loo Loo, Plot No.20, N.S. Road No.9, JVPD Scheme, Mumbai – 400 049, |
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Date of Birth/Age : |
19.01.1955 |
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Date of Appointment : |
27.11.1991 |
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DIN No.: |
00825108 |
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Name : |
Mr. Bansidhar Sadashiv Dhurandhar |
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Designation : |
Director |
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Address : |
Nani Niwas, 69, |
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Date of Birth/Age : |
25.07.1952 |
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Date of Appointment : |
01.01.1994 |
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DIN No.: |
00825314 |
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Name : |
Mrs. Mohini Vikram Kalia |
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Designation : |
Director |
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Address : |
Loo Loo, Plot No.20, N.S. Road No.9, JVPD Scheme, Mumbai – 400 049, |
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Date of Birth/Age : |
09.10.1960 |
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Date of Appointment : |
01.01.1994 |
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DIN No.: |
00825018 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 20.09.2010
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
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Dhurandhar Bansidhar Nishad |
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3400 |
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Kalia Baldev Vikram |
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30200 |
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Dhurandhar Sadashiv Bansidhar Father and Natural Guardian of Master
Dhurandhar Bansidhar Paraj |
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3400 |
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Dhurandhar Bansidhar Surekha |
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34000 |
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Kalia Baldev Raj Vikram |
|
3000 |
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Kalia Sudhir Baldev Karta of B.R. Kaia HUF |
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500 |
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Dhurandhar Sadashiv Bansidhar |
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20600 |
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Dhurandhar Bansidhar Sadashiv Karta of Bansidhar Sadahiv Dhurandhar |
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100 |
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Kalia Vikram Mohini |
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21100 |
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Kalia Baldev Sudhir |
|
3000 |
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Snehlata Baldev Kalia |
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3700 |
|
Mercurial Corporate Private Limited, |
|
20000 |
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Total |
|
143000 |
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Names of Shareholders (Preference Shares) |
|
No. of Shares |
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Mahijeet Singh |
|
5 |
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Soina Singh |
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5 |
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Rekha J. Bose |
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5 |
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Bhavin J. Shah |
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5 |
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Maulik J. Shah |
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5 |
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Raxa J. Shah |
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5 |
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Dynamic Enterprises, |
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5 |
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Amita Moudgill |
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5 |
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Rajendra M. Moudgill |
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5 |
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Raghav Moudgill |
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5 |
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Manan H. Shah |
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5 |
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Milesh H. Shah |
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5 |
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Mayurika H. Shah |
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5 |
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Aman Anand |
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5 |
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Yogen J. Parikh |
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5 |
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Total |
|
75 |
As on 20.09.2010
|
Equity Share Breakup |
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Percentage of Holding |
|
Category |
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Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is providing contract EtO (Ethylene oxide) sterilisation
services. |
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PRODUCTION STATUS (AS ON 31.03.2010)
Capacity – gas Formulation – 190000 Kgs.
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Particulars |
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2009-10 |
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Production |
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177774 Kgs. |
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GENERAL INFORMATION
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
A.Y. Wandrekar and Company Chartered Accountants |
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Address : |
C/20/181, M.I.G. Colony, 2nd Floor, Gandhi Nagar, Bandra
(East), Mumbai – 400 051, |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
449000 |
Equity Shares |
Rs.100/- each |
Rs.44.900 millions |
|
1000 |
8% Cumulative Redeemable Preference Shares |
Rs.100/- each |
Rs.0.100 million |
|
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Total |
|
Rs.45.000
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
143000 |
Equity Shares |
Rs.100/- each |
Rs.14.300
millions |
|
75 |
8% Cumulative Redeemable Preference Shares |
Rs.100/- each |
Rs.0.007
million |
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Total |
|
Rs.14.307 millions |
Of the above:
100980 Equity Shares of Rs.100/- each were
allotted as fully paid up Bonus Shares by capitalization of Profit and Loss
Account.
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 |
|
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|
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1] Share Capital |
14.307 |
14.306 |
14.303 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
90.998 |
71.262 |
61.589 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
105.305 |
85.568 |
75.892 |
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LOAN FUNDS |
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1] Secured Loans |
31.853 |
40.692 |
53.380 |
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2] Unsecured Loans |
57.930 |
46.878 |
45.686 |
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TOTAL BORROWING |
89.783 |
87.570 |
99.066 |
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DEFERRED TAX LIABILITIES |
10.393 |
8.197 |
8.884 |
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TOTAL |
205.481 |
181.335 |
183.842 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
164.061 |
135.244 |
130.342 |
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Capital work-in-progress |
6.260 |
1.978 |
3.662 |
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INVESTMENT |
8.979 |
7.212 |
6.165 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
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Inventories |
0.464
|
0.768 |
0.441 |
|
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Sundry Debtors |
33.741
|
28.028 |
32.074 |
|
|
Cash & Bank Balances |
12.041
|
10.891 |
14.325 |
|
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Other Current Assets |
0.000
|
0.000 |
0.000 |
|
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Loans & Advances |
37.298
|
39.326 |
23.125 |
|
Total
Current Assets |
83.544
|
79.013 |
69.965 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
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Sundry Creditors |
35.978
|
29.868 |
22.618 |
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Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
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Provisions |
23.326
|
14.943 |
7.217 |
|
Total
Current Liabilities |
59.304
|
44.811 |
29.835 |
|
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Net Current Assets |
24.240
|
34.202 |
40.130 |
|
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MISCELLANEOUS EXPENSES |
1.941 |
2.699 |
3.543 |
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|
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|
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TOTAL |
205.481 |
181.335 |
183.842 |
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PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
|
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Income |
192.012 |
174.465 |
156.438 |
|
|
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Other Income |
0.964 |
1.382 |
0.718 |
|
|
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TOTAL (A) |
192.976 |
175.847 |
157.156 |
|
|
|
|
|
|
|
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Less |
EXPENSES |
|
|
|
|
|
|
|
Material Consumption |
27.227 |
26.084 |
24.202 |
|
|
|
Salaries, Wages and Employee Benefits |
35.988 |
31.761 |
25.115 |
|
|
|
Operating Expenses |
30.350 |
29.406 |
25.560 |
|
|
|
Administrative Expenses |
23.235 |
22.606 |
20.306 |
|
|
|
Selling and Distribution Expenses |
13.664 |
15.981 |
14.454 |
|
|
|
Duties and Taxes |
0.009 |
1.077 |
0.071 |
|
|
|
Pre-Operative Expenses |
1.236 |
1.277 |
1.278 |
|
|
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TOTAL (B) |
131.709 |
128.192 |
110.986 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
61.267 |
47.655 |
46.170 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
11.328 |
10.120 |
11.529 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
49.939 |
37.535 |
34.641 |
|
|
|
|
|
|
|
|
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
18.433 |
18.025 |
17.852 |
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|
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|
|
|
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|
PROFIT BEFORE
TAX (E-F) (G) |
31.506 |
19.510 |
16.789 |
|
|
|
|
|
|
|
|
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Less |
TAX (H) |
11.768 |
9.837 |
6.327 |
|
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|
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|
|
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|
PROFIT AFTER TAX
(G-H) (I) |
19.738 |
9.673 |
10.462 |
|
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|
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|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
47.943 |
38.271 |
27.809 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Preference Dividend |
0.001 |
0.001 |
0.000 |
|
|
|
Dividend Distribution Tax |
0.000 |
0.000 |
0.000 |
|
|
BALANCE CARRIED TO
THE B/S |
67.680 |
47.943 |
38.271 |
|
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EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
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|
Export (Services Provided) |
0.246 |
0.151 |
0.179 |
|
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TOTAL EARNINGS |
0.246 |
0.151 |
0.179 |
|
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IMPORTS |
|
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|
|
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|
Stores & Spares Parts |
0.000 |
0.048 |
0.000 |
|
|
TOTAL IMPORTS |
0.000 |
0.048 |
0.000 |
|
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|
|
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|
Earnings Per
Share (Rs.) |
138.02 |
67.64 |
73.16 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
10.23
|
5.50 |
6.66 |
|
|
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|
Net Profit Margin (PBT/Sales) |
(%) |
16.41
|
11.18 |
10.73 |
|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.72
|
9.11 |
8.38 |
|
|
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.30
|
0.23 |
0.22 |
|
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|
Debt Equity Ratio (Total Liability/Networth) |
|
1.42
|
1.55 |
1.70 |
|
|
|
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|
Current Ratio (Current Asset/Current Liability) |
|
1.41
|
1.76 |
2.35 |
LOCAL AGENCY FURTHER INFORMATION
REVIEW:
During the year Gross Revenue earned by the Company stood at Rs.194.500 millions
against Rs.178.000 millions in the previous year, an overall increase of 9.28%.
On the services front, the revenue was Rs.168.000 millions, 9.67% higher than
the Rs.153.200 millions in the previous year. Product sales i.e. sales of Gas
formulations stood at Rs.19.900 millions, about 7.80% higher than the Rs.18.400
millions, in the previous year.
EXPANSION AND
OUTLOOK:
Despite trying business conditions the Company has performed reasonably
during the year.
Keeping in mind customer requirements, a now EtO facility became
operational at Manesar and contracts for civil work at Edayar for the Company’s
first Heat and Natural Sterilisation (HNS Services facility has been finalised
and work commenced Plans for establishing another HNS facility at Sidhpur are
near finalisalion.
Plans for housing a new, state-of-the-art EtO facility at Bommasandra
Bengaluru have also been approved by the Competent authorities. Civil work is
likely to commence shortly.
The Company plans pursuing its growth path with the addition of
facilities at new user-sites expansion and modernization at existing sites and
employing new Technologies to provide customers with a one-stop solution for
their sterilisation needs.
MICROTROL VIETNAM
COMPANY LIMITED (MVCL)
They are to report that the operations at MVCL were satisfactory during
the year.
MICROTROL
In pursuance of their plans to establish a composite Sterilisation
services centre in
MICROTROL LANKA
(PRIVATE) LIMITED (MLPL)
To further the Company’s presence in South Asia, the Company had
Incorporated a subsidiary Company, MICROTROL Lanka (Private) Limited, in
CERTIFICATION:
During the year the Tuticorin facility was audited and certified
complying with ISO 9001:2008 and ISO 13485:2003 standards.
Besides, the Gamma Radiation Sterilisation facility at Bengaluru was
audited by the European Commission (EC) and approved by them to Irradiate foods
and food ingredients destined for European countries; this is a prestigious
achievement as only a handful of irradiation facilities, worldwide, have
complied with the stringent EC requirements and have been accorded approval.
FORM 8:
|
Corporate
identity number of the company |
U33120MH1991PTC064185 |
|
Name of the
company |
MICROTROL STERLISATION SERVICES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Kriplani Estate, Sakivihar, Mumbai – 400 072, E-Mail: info@microtrol-india.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Movable Property |
|
Particular of
charge holder |
Union Bank of India, Abdul Rehman Street Branch, 176-180, Bhagat
Mansion, Abdul Rehman Street, Mumbai – 400 003, Maharashtra, India E-Mail: cbsarstreet@unionbankofindia.com |
|
Nature of
description of the instrument creating or modifying the charge |
Term Loan
Agreement (Hypothecation of
Movables) |
|
Date of
instrument Creating the charge |
07/06/2010 |
|
Amount secured by
the charge |
Rs.111.400 millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: 12.50% per annum
with monthly rests or at such other rate/s as may be prescribed by the Bank
from time to time depending on the changes in the PTLR of the Bank or on the
directives of RBI. Terms of
Repayment: Term Loan of
Rs.111.400 millions shall be repayable in 60 monthly installments under step
up method Margin: As per sanction
terms. Extent and
Operation of the charge: To secure Term
Loan facility of Rs.111.400 millions grated by the Bank to the Company. |
|
Short particulars
of the property charged |
The Borrower
hereby Hypothecates and Charges to the Bank :1.All those
Machinery/Plant/Vehicle/Capital Goods/Assets purchased or to be purchased by
the Borrower out of this loan viz Plant and Machinery whether installed or
not and whether now lying loose or in cases and now being or at any time
hereafter during the continuance of this Agreement brought into or upon or at
any time in course of transit
to the premises/factory of the Borrower at Manesar, Bangalore, Edayar and
Sidhpur whatsoever and wherever in the possession or occupation of the
Borrower 2.All the Tangible Movable Machinery and Plant of the Borrower
together with spares tools and accessories and other movables both present
and future whether lying loose or in cases which are now lying or stored in
or about or shall be brought into or be stored or be in or upon or about the
Borrower's premises and godown/s or wherever else the same may be or be held
by any party to the order or disposition of the Borrower relating to or
pertaining to the Borrower's works at various places. |
FIXED ASSETS:
·
Land
·
Factory Buildings
·
Apartments
·
Plant and Machinery
·
Electrical Fittings
·
Computers
·
Office Equipments
·
Furniture and Fixtures
·
Vehicles
·
Gas Cylinders
WEBSITE DETAILS;
PROFILE:
MICROTROL has been providing contract EtO (Ethylene oxide)
sterilisation services since 1983 and their first GRS (Gamma Radiation
Services) facility was commissioned in 2006.
Sterilisation is the act or process of inactivating or destroying completely,
all forms of microbial life. Thus, in the case of medical devices, packaging
material etc., the products, after treatment are rendered sterile and, in the
case of bulk material (pharma raw material, herbs, agro produce like spices,
etc.), the total bacterial load is substantially lowered and pathogens destroyed.
While the first EtO facility was established in Powai, Bombay in 1983, to meet
increasing demand, MICROTROL established additional EtO facilities at:
Vasai - 50 km North of Mumbai, Willingdon Island - Cochin (1993), Bangalore
(1994), Faridabad (1995) and in early 2001, at Tuticorin, Edayar - (off Cochin)
and Sidhpur.
Additionally, as part of backward integration, MICROTROL established a
state-of-the-art EtO formulation and bottling facility at Village Mohakhurd,
Dist. Thane,
The
MICROTROL's first GRS facility was commissioned in
All the facilities including the GRS facility have been designed and
commissioned by MICROTROL, in-house.
MICROTROL keeps pace with technological development and statutory
requirements in the field. Periodic validation involving instrument
calibration, commissioning, process qualification, product compatibility and
microbiological qualification is carried out.
MICROTROL has maintained their leadership position by offering customers
several time-bound, value-added services. MICROTROL has introduced
innovative, state-of-the-art processing systems specifically designed to
enhance operating efficiencies, improve turn-around time and provide greater
processing flexibility.
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.44.65 |
|
|
1 |
Rs.71.91 |
|
Euro |
1 |
Rs.63.28 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
49 |
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.