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Report Date : |
04.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
K K CREATION EXPORT PRIVATE LIMITED |
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Registered
Office : |
4th Floor, Shop – J/441, H No – 482/A, Japan Market,
Niranjan Mill Copound, Opposite Linear Bus Stop, Surat – 395003, Gujarat |
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Country : |
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Date of
Incorporation : |
10.06.2011 |
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Com. Reg. No.: |
04-065834 |
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Capital Investment
/ Paid-up Capital : |
Rs.2.500 Millions |
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CIN No.: [Company Identification
No.] |
U52321GJ2011PTC065834 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
SRTK03615D |
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PAN No.: [Permanent Account No.] |
AAECK3820D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Beach Wear Parios Scarves, Stoles, Shirting Fabrics
etc |
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No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject as established has a proprietory concern with the name K.K
Fashion in the year 1999 and later it got converted in a private limited with
the name K K Creation Export Private Limited During the Year 2011. The company was successful in carrying out its business operation for
the year 2011-2012. Trade relations are reported to be fair. Business is
active. Payments are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
INFORMATION PARTED BY
|
Name : |
Mr. Shravan |
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Designation : |
Director |
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Contact No.: |
91-9898891777 |
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Date : |
23.06.2012 |
LOCATIONS
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Registered Office / Factory : |
4th Floor, Shop – J/441, H No – 482/A, Japan market,
Niranjan Mill Copound, Opposite Linear Bus Stop, Surat – 395003, Gujarat |
|
Tel. No.: |
91-261-3917220 |
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Mobile No.: |
91-9898891777 (Mr. Shravan) |
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Fax No.: |
Not Available |
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E-Mail : |
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Location : |
Owned |
DIRECTORS
As on 06.06.2011
|
Name : |
Mr. Shravan Kumar Y Sahani |
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Designation : |
Director |
|
Address : |
4th Floor, Shop – J/441, H No – 482/A, Japan market,
Niranjan Mill Copound, Opposite Linear Bus Stop, Surat – 395003, Gujarat |
|
Date of Birth/Age : |
11.03.1975 |
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Date of Appointment : |
10.06.2011 |
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DIN No.: |
03540189 |
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Name : |
Mrs. Laxmidevi S Sahani |
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Designation : |
Director |
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Address : |
4th Floor, Shop – J/441, H No – 482/A, Japan market, Niranjan
Mill Copound, Opposite Linear Bus Stop, Surat – 395003, Gujarat |
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Date of Birth/Age : |
15.03.1982 |
|
Date of Appointment : |
10.06.2011 |
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DIN No.: |
03540226 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 06.06.2011
|
Names of Shareholders |
|
No. of Shares |
|
Shravan Kumar Y Sahani |
|
5000 |
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Laxmidevi S Sahani |
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5000 |
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Total |
|
10000 |
As on 08.09.2011
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Names of Alottees |
|
No. of Shares |
|
Shravan Kumar Y Sahani |
|
212500 |
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Laxmidevi S Sahani |
|
27500 |
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Total |
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240000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Beach Wear Parios Scarves, Stoles, Shirting Fabrics
etc |
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|
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Product: |
·
Beach Wear Parios ·
Scarves ·
Stoles ·
Shirting Fabrics ·
Satin Fabrics ·
Ladies Fabrics ·
Made Ups Ubs Garments ·
All Type of Hand Work Fabrics |
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Exports : |
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Products : |
·
Beach Wear Parios Scarves ·
Stoles ·
Shirting Fabrics |
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Countries : |
·
Indonesia ·
Malaysia ·
Mauritius ·
Dubai ·
Saudi Arabia |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
·
Wholesalers ·
Retailers |
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No. of Employees : |
15 (Approximately) |
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Bankers : |
Dena Bank, Atashbajiwala Mansion, Kotsafil Road, Burhanpuri Bhagal,
Surat - 395003, Gujarat, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Nitesh Agarwal and Company Chartered Accountants |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
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|
31.03.2012 |
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Sales Turnover (Approximately) |
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|
80.000 |
Expected Sales (2012-2013): Rs.100.000 Millions
The above information has been parted by Mr. Shravan - Director
LOCAL AGENCY FURTHER INFORMATION
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Check List by Info Agents |
Available in Report (Yes / No) |
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1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
No |
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5) Type of Business |
Yes |
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6) Line of Business• |
Yes |
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7) Promoter’s background |
Yes |
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8) No. of employees |
Yes |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last one year |
Yes |
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12) Profitability for last three years |
No |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
Yes |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
No |
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17) Major suppliers |
No |
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18) Major customers |
No |
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19) Payments terms |
Yes |
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20) Export / Import details (if applicable) |
Yes |
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21) Market information |
-- |
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22) Litigations that the firm / promoter |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
Yes |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
No |
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28) Incorporation details, if applicable |
Yes |
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29) Last accounts filed at ROC |
No |
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30) Major Shareholders, if available |
Yes |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U52321GJ2011PTC065834 |
|
Name of the company |
K K CREATION
EXPORT PRIVATE LIMITED |
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Address of the registered office or of the
principal place of business in |
4th Floor,
Shop – J/441, H No – 482/A, Japan market, Niranjan Mill Copound, Opposite
Linear Bus Stop, Surat – 395003, Gujarat Email: chetan_damani@yahoo.co.in |
|
This form is for |
Creation of charge |
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Type of charge |
Book debts Movable property
(not being pledge) |
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Particular of charge holder |
Dena Bank,
Atashbajiwala Mansion, Kotsafil Road, Burhanpuri Bhagal, Surat - 395003,
Gujarat, India Email: bursur@denabank.co.in |
|
Nature of instrument creating charge |
Stock of raw
material, semi finished and finished goods, stores and spares, consumables,
packing material and book debts |
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Date of instrument Creating the charge |
30.08.2011 |
|
Amount secured by the charge |
Rs.6.200
Millions |
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Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest Base Rate + 3.55% = 14.25% Terms of Repayment Cash credit limit is renewable every year subject to the norms of the
bank. Margin Stock = 25% ( stock includes stock of raw material, semi finished and
finished goods, stores and spares, consumables, packing material ) Book debt = 50% Extent and Operation of the charge Dena bank, Atashbajiwala Mansion, Kotsafil Road, Burhanpuri Bhagal,
Surat, Gujarat-395003 is the only charge holder. |
|
Short particulars of the property or
asset(s) charged (including complete address and location of the property) |
Stock being and lying
at 438, Japan Market, 4th Floor, Opposite Linear Bus Stop, Delhi Gate, Ring
Road, Surat - 395003. |
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.54.81 |
|
|
1 |
Rs.86.03 |
|
Euro |
1 |
Rs.69.06 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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.