1. Summary Information
|
|
|
Country |
|
|
Company Name |
Landmark
Signboards Private Limited |
Principal Name 1 |
Mr. Maheshvinder Singh |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Malvinder Singh |
|
|
|
Registration # |
16-024075 |
|
Street Address |
Patel Nagar,
Sirhind, District Fatehgarh Sahib, Sahib – 147301, Punjab, India |
||
|
Established Date |
22.11.2000 |
SIC Code |
-- |
|
Telephone# |
91-1763-500845 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-1763-222259 |
Business Style 2 |
Deal |
|
Homepage |
Product Name 1 |
Sign Board |
|
|
# of employees |
Not available |
Product Name 2 |
Films, Electric Signs and Advertising Boards. |
|
Paid up capital |
Rs.217,200/- |
Product Name 3 |
Screen Walls |
|
Shareholders |
Directors or relatives of
directors- 100% |
Banking |
Oriental Bank of Commerce |
|
Public Limited Corp. |
No |
Business Period |
12 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba (42) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
25,413,000 |
Current Liabilities |
22,187,000 |
|
Inventories |
2,585,000 |
Long-term Liabilities |
2,158,000 |
|
Fixed Assets |
3,061,000 |
Other Liabilities |
0,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
24,345,000 |
|
Invest& other Assets |
27,000 |
Retained Earnings |
2,595,000 |
|
|
|
Net Worth |
6,741,000 |
|
Total Assets |
31,086,000 |
Total Liab. & Equity |
31,086,000 |
|
Total Assets (Previous Year) |
|
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
62,923,000 |
Net Profit |
1,082,000 |
|
Sales(Previous yr) |
72,920,000 |
Net Profit(Prev.yr) |
998,000 |
MIRA
INFORM REPORT
|
Report Date : |
11.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
LANDMARK SIGNBOARDS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Patel Nagar, Sirhind, District Fatehgarh Sahib, Sahib – 147301, Punjab |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
22.11.2000 |
|
|
|
|
Com. Reg. No.: |
16-024075 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.217
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999PB2000PTC024075 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
To manufacturer, design, buy, sell, import, export and otherwise deal
in all types of sign board and advertising agents and contractors both
outdoor and indoor and in newspapers, screen walls, films, electric signs and
advertising boards. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 27000 |
|
|
|
|
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 for small business dealings usual trade
terms and condition. |
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) |
|
|
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 : |
Patel Nagar, Sirhind, District Fatehgarh Sahib, Sahib – 147301,
Punjab, India |
|
Tel. No.: |
91-1763-500845 |
|
Fax No.: |
91-1763-222259 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
(AS ON 30.09.2011)
|
Name : |
Mr. Maheshvinder Singh |
|
Designation : |
Director |
|
Address : |
H. No.3290, Patel Nagar, Sirhind, Patiala – 147301, Punjab, India |
|
Date of Appointment : |
22.11.2000 |
|
DIN No.: |
01794365 |
|
|
|
|
Name : |
Mr. Malvinder Singh |
|
Designation : |
Director |
|
Address : |
Junier English School, Patel Nagar, Sirhind, Patiala – 147301, Punjab,
India |
|
Date of Appointment : |
22.11.2000 |
|
DIN No.: |
01794392 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Maheshvinder Singh |
|
10060 |
|
Malvinder Singh |
|
4160 |
|
Rajvihder Kaur |
|
3000 |
|
Jagdeep Kaur |
|
2000 |
|
Tajinder Kaur |
|
2500 |
|
|
|
|
|
Total |
|
21720 |
(AS ON 30.09.2011)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
To manufacturer, design, buy, sell, import, export and otherwise deal
in all types of sign board and advertising agents and contractors both outdoor
and indoor and in newspapers, screen walls, films, electric signs and
advertising boards. |
GENERAL INFORMATION
|
Suppliers : |
· Aar Kay Sons M. Gvg, · A. B. Spring Company, Chandigarh · Aliance Interlink Private Limited, New Delhi · Bajwa and Company, Mohali · Bharat Hydrolic, Amritsar · Concave Consultancy Services, Mohali · Mayya Doss and Company, Ludhiana · Naman Impex, Delhi · New Era Vision, Mohali · S. S. Polymers · Sudhir Gensets Limited, Silvasa · S. U. S. Engg. Collage, Tangori · Vital Display System Company, New Delhi · V. L. Marketing , Chandigarh · Wbitemark Limited, Delhi |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Customers : |
· Amar Chand and Company, Ambala Cantt · Axom Sarb Siksha Abhijan Mission, Kahipara · Bal Vatika Public School, Haryana · Bharat Agencies, New Delhi · Chitkara Public School, Sect. 25, Chandigarh · Dikshant Global School, Panchkula · Golden Leminate Limited · H.I.G. Government Collage, Tabru (Haryna) · Industrial Training Institute, Sitamarhi · Jawahar Navodiya Vidyalay, Washim · V. R. Institute Public School, Baddi · Xen PWD, Mansa |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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No. of Employees : |
Not Available |
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|
Bankers : |
· Oriental Bank of Commerce Anaj Mandi, Sirhand – 147001, Punjab, India · Oriental Bank of Commerce Old Anaj Mandi, Sirhand – 140406, Punjab, India · HDFC Bank Limited · State Bank of India |
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Facilities : |
|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajesh Sudhir and Company Chartered Accountant |
|
Address : |
Loha Bazar, Mandi Gobindgarh – 147010, Punjab, India |
|
PAN No.: |
AEVPK4456R |
CAPITAL STRUCTURE
(AFTER 30.09.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000
Millions |
|
|
|
|
|
(AS ON 30.09.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000
Millions |
|
|
|
|
|
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
21720 |
Equity Shares |
Rs.10/- each |
Rs.0.217
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.217 |
0.217 |
0.217 |
|
|
2] Share Application Money |
3.929 |
0.635 |
0.635 |
|
|
3] Reserves & Surplus |
2.595 |
1.512 |
0.515 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
6.741 |
2.364 |
1.367 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.993 |
0.000 |
0.233 |
|
|
2] Unsecured Loans |
1.165 |
1.344 |
1.065 |
|
|
TOTAL BORROWING |
2.158 |
1.344 |
1.298 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
8.899 |
3.708 |
2.665 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.061 |
2.667 |
1.053 |
|
|
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 |
2.585
|
1.220 |
1.083 |
|
|
Sundry Debtors |
16.705
|
17.946 |
6.529 |
|
|
Cash & Bank Balances |
5.235
|
1.587 |
1.575 |
|
|
Other Current Assets |
0.000
|
0.027 |
1.651 |
|
|
Loans & Advances |
3.473
|
2.392 |
0.000 |
|
Total
Current Assets |
27.998
|
23.172 |
10.838 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
12.422
|
13.525 |
6.167 |
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
|
|
|
|
Total
Current Liabilities |
22.187
|
22.131 |
9.253 |
|
|
Net Current Assets |
5.811
|
1.041 |
1.585 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
Others |
0.027 |
0.000 |
0.027 |
|
|
|
|
|
|
|
|
TOTAL |
8.899 |
3.708 |
2.665 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
62.923 |
72.920 |
31.925 |
|
|
|
Other Income |
0.206 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
63.129 |
72.920 |
31.925 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Increase in Closing Stock |
(0.219) |
(0.228) |
(0.227) |
|
|
|
Raw Materials Consumed |
43.777 |
52.783 |
22.938 |
|
|
|
Administrative Expenses |
0.842 |
0.612 |
4.400 |
|
|
|
Selling and Distribution Expenses |
10.245 |
11.749 |
3.938 |
|
|
|
Personnel Expenses |
6.467 |
5.968 |
0.000 |
|
|
|
TOTAL (B) |
61.112 |
70.884 |
31.049 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2.017 |
2.036 |
0.876 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.054 |
0.052 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.963 |
1.984 |
0.876 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.444 |
0.520 |
0.310 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.519 |
1.464 |
0.566 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.437 |
0.466 |
0.241 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1.082 |
0.998 |
0.325 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.513 |
0.515 |
0.190 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2.595 |
1.513 |
0.515 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
49.82 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.71
|
1.37 |
1.02 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.41
|
2.01 |
1.77 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.89
|
5.67 |
4.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.62 |
0.41 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.61
|
9.93 |
7.72 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26
|
1.05 |
1.17 |
LOCAL AGENCY FURTHER INFORMATION
|
Check list by info
Agents |
Available in Report (Yes/ No) |
|
|
|
|
Year of Establishment |
Yes |
|
Locality of the Firm |
Yes |
|
Constitution of the Firm |
Yes |
|
Premises details |
No |
|
Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoter’s Background |
Yes |
|
No. of Employees |
No |
|
Name of Person Contacted |
No |
|
Designation of Contact person |
No |
|
Turnover of Firm for last three years |
Yes |
|
Profitability for last three years |
Yes |
|
Reasons for variation <> 20% |
----- |
|
Estimation for coming financial year |
No |
|
Capital in the business |
Yes |
|
Details of sister concerns |
No |
|
Major Suppliers |
Yes |
|
Major Customers |
Yes |
|
Payments Terms |
No |
|
Export/ Imports Details (If applicable) |
No |
|
Market Information |
----- |
|
Litigations that the firm/ Promoters Involved in |
----- |
|
Banking details |
Yes |
|
Banking Facility Details |
Yes |
|
Conduct of the Banking Account |
----- |
|
Buyer visit details |
----- |
|
Financials, if provided |
Yes |
|
Incorporation details is applicable |
Yes |
|
Last Accounts filed at ROC |
Yes |
|
Major Shareholders, if available |
Yes |
OPERATIONS:
The company has shown reasonably good results in comparison with previous years. Turnover of the company has increased many folds resulting good profit in this year. Moreover the directors are hopeful to show even better result in the coming year.
|
This form is for |
Creation of
charge |
|
Corporate identity
number of the company |
U74999PB2000PTC024075 |
|
Name of the
company |
LANDMARK
SIGNBOARDS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Patel Nagar,
Sirhind, Distt Fatehgarh Sahib,
Punjab, India |
|
Type of charge |
Movable Property |
|
Particular of
charge holder |
Oriental Bank of
Commerce Anaj Mandi,
Sirhand – 147001, Punjab, India |
|
Nature of
description of the instrument creating or modifying the charge |
Common Agreement,
Agreement of Term Loan, Sanction Letter |
|
Date of
instrument Creating the charge |
29.04.2011 |
|
Amount secured by
the charge |
Rs.0.500 Million |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest 12.25 % p.a. with
monthly rests Terms of
Repayment Repayable in 60 monthly
installments Margin 25% Extent and
Operation of the charge 50% |
|
Short particulars
of the property charged |
Hypothecation of
Land Cruze Vehicle |
FIXED ASSETS:
· Car
· Tools
· Machinery
· Mobile
· Fax Machine
· Inverter
· Motor cycle
· Cooper
· Computer
· Heater
· Camera CCTV
· Refrigerator
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.55.36 |
|
|
1 |
Rs.85.64 |
|
Euro |
1 |
Rs.69.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
42 |
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.