|
Report Date : |
28.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
DIESEL FASHION INDIA RELIANCE PRIVATE LIMITED (w.e.f.
26.11.2008) |
|
|
|
|
Formerly Known
As : |
DIESEL FASHION INDIA ARVIND PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1st Floor, High Street, Shrimali
Society, Near Navrangpura Railway Crossing, Navrangpura, Ahmedabad – 380
009, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
30.05.2007 |
|
|
|
|
Com. Reg. No.: |
04-050985 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.325.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18101GJ2007PTC050985 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCD6235H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is mainly engaged in ‘Organised
Retail’. |
|
|
|
|
No. of Employees
: |
Approximately 14 (In office) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1400000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a joint venture between Reliance Group and Diesel of Italy.
It is a company having moderate track record. There appears some accumulated
losses in the of the company which is increasing over years. The company can be considered for business dealings with great
caution. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
INFORMATION DECLINED BY
Management Non Co-operative.
LOCATIONS
|
Registered Office : |
1st Floor, High Street, Shrimali
Society, Near Navrangpura Railway Crossing, Navrangpura, Ahmedabad – 380
009, |
|
Tel. No.: |
91-79-40072457 |
|
Fax No.: |
91-79-40072447 |
|
E-Mail : |
|
|
|
|
|
Corporate Office 1 : |
Reliance Corporate Park, Gate A, Thane – |
|
Tel. No.: |
91-22-44770000 |
|
Fax No.: |
91-22-44771882 |
|
|
|
|
Corporate Office 2 : |
5th Floor, Court House, LT Marse,
Dhobitalao, Mumbai, |
|
Tel. No.: |
91-22-67673851 |
|
Fax No.: |
91-22-67673850 |
|
|
|
|
Stores : |
Located at: · Mumbai · Bangalore · Delhi · Hyderabad · Chennai · Ludhiana |
DIRECTORS
(AS ON 29.09.2011)
|
Name : |
Mr. Kiran Mathew Thomas |
|
Designation : |
Director |
|
Address : |
77-A, Nandanvan CHS, Sector 17, Nerul, Navi Mumbai, Thane – 400
706, |
|
Date of Birth/Age : |
12.09.1972 |
|
Date of Appointment : |
05.12.2008 |
|
DIN No.: |
02242745 |
|
|
|
|
Name : |
Mr. Darshan Rasiklal
Mehta |
|
Designation : |
Director |
|
Address : |
32, Mayflower, |
|
Date of Birth/Age : |
31.07.1961 |
|
Date of Appointment : |
05.12.2008 |
|
DIN No.: |
00103155 |
|
|
|
|
Name : |
Flavio Costa |
|
Designation : |
Director |
|
Address : |
Grebberstraat 17, Haarlem Netherlands 2021ZA |
|
Date of Birth/Age : |
08.11.1964 |
|
Date of Appointment : |
27.09.2010 |
|
DIN No.: |
02796922 |
|
|
|
|
Name : |
Antonio Sperati Ruffoni
|
|
Designation : |
Director |
|
Address : |
A Rosmini 2, Padova
PD 35128 |
|
Date of Birth/Age : |
20.02.1954 |
|
Date of Appointment : |
27.09.2010 |
|
DIN No.: |
02800019 |
|
|
|
|
Name : |
Marina Giovanni Tosin |
|
Designation : |
Director |
|
Address : |
Strada Delle Fornaci 28, Bassano Del Grappa
36061 |
|
Date of Birth/Age : |
09.02.1959 |
|
Date of Appointment : |
27.09.2010 |
|
DIN No.: |
02806025 |
|
|
|
|
Name : |
Mr. Jagdish Gajanand
Dalal |
|
Designation : |
Director |
|
Address : |
5-B, Malay Society, Opposite Sumel Flats,
Nr. Manekbaug Hall, Ambawadi,
Ahmedabad – 380 015, |
|
Date of Birth/Age : |
04.06.1961 |
|
DIN No.: |
00009785 |
|
|
|
|
Name : |
Ramnik Vasrambhai Bhimani |
|
Designation : |
Director |
|
Address : |
A/2/11, |
|
Date of Birth/Age : |
01.06.1962 |
|
DIN No.: |
00201475 |
KEY EXECUTIVES
|
Name : |
Mr. Hitesh Kumar Jain |
|
Designation : |
Secretary |
|
Address : |
Flat No.702, Building No.9, |
|
Date of Birth/Age : |
29.04.1974 |
|
Date of Appointment : |
29.03.2010 |
|
PAN No.: |
AEBPJ3853K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Reliance Brands Limited, |
|
22050000 |
|
Diesel International B.V., The Netherlands |
|
22950000 |
|
|
|
|
|
Total |
|
45000000 |
AS ON 30.03.2012
|
Names of Allottees |
|
No. of Shares |
|
Diesel S.p.A., Italy |
|
5100000 |
|
Reliance Brands Limited, |
|
4900000 |
|
|
|
|
|
Total |
|
10000000 |
(AS ON 30.09.2011)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
51.00 |
|
Bodies
corporate |
|
49.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is mainly engaged in ‘Organised
Retail’. |
|
|
|
|
Brand Names : |
“DIESEL” |
GENERAL INFORMATION
|
No. of Employees : |
Approximately 14 (In office) |
|
|
|
|
Bankers : |
· HDFC Bank Limited, Fort Branch, Mumbai, Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. V. Ghatalia and Associates Chartered Accountants |
|
Address : |
Jalan Mills Compound, 95, Ganpatrao
Kadam Marg, Lower Parel, Mumbai – 400013, Maharashtra,
India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFS6921Q |
|
|
|
|
Holding Company : |
· Diesel International B.V. The Netherlands |
|
|
|
|
Ultimate Holding
Company: |
· Diesel S.p.A. |
|
|
|
|
Joint Venture : |
· Diesel International B.V. · Reliance Brands Limited |
|
|
|
|
Subsidiary
Company of Diesel S.p.A.: |
·
Diesel Props SRL |
|
|
|
|
Other Related
Parties : |
· Reliance Brands Limited |
CAPITAL STRUCTURE
(AFTER 29.09.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60000000 |
Equity Shares |
Rs.10/- each |
Rs.600.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
55000000 |
Equity Shares |
Rs.10/- each |
Rs.550.000
Millions |
|
|
|
|
|
(AS ON 29.09.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45000000 |
Equity Shares |
Rs.10/- each |
Rs.450.000
millions |
|
|
|
|
|
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
32500000 |
Equity Shares |
Rs.10/- each |
Rs.325.000
millions |
|
|
|
|
|
NOTE:
Out of the above Equity Shares, 16,575,000 (Previous Year 10,200,000)
Equity Shares of Rs.10/- each are held by Diesel International B.V., the
Holding Company / Joint Venture.
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 |
325.000 |
200.000 |
1.020 |
|
|
2] Share Application Money |
125.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(97.307) |
(24.533) |
(0.003) |
|
|
NETWORTH |
352.693 |
175.467 |
1.017 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.500 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.500 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
352.693 |
175.467 |
1.517 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
218.408 |
7.605 |
0.000 |
|
|
Capital work-in-progress |
4.129 |
76.082 |
10.206 |
|
|
|
|
|
|
|
|
INVESTMENT |
33.357 |
20.731 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
121.412
|
39.575
|
0.000 |
|
|
Sundry Debtors |
0.480
|
0.903
|
0.000 |
|
|
Cash & Bank Balances |
9.880
|
12.554
|
0.767 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
68.733
|
68.970
|
0.029 |
|
Total
Current Assets |
200.505
|
122.002
|
0.796 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
104.334
|
52.129
|
9.490 |
|
|
Other Current Liabilities |
0.000
|
0.000
|
0.000 |
|
|
Provisions |
0.274
|
0.027
|
0.000 |
|
Total
Current Liabilities |
104.608
|
52.156
|
9.490 |
|
|
Net Current Assets |
95.897
|
69.846
|
(8.694) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.902 |
1.203 |
0.005 |
|
|
|
|
|
|
|
|
TOTAL |
352.693 |
175.467 |
1.517 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
248.186 |
1.334 |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(54.100) |
(24.510) |
(0.002) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.015 |
0.011 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(54.115) |
(24.521) |
(0.002) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
18.659 |
0.009 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(72.774) |
(24.530) |
(0.002) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
(72.774) |
(24.530) |
(0.002) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(24.533) |
(0.003) |
(0.002) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
(97.307) |
(24.533) |
(0.003) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
NA |
30.555 |
0.000 |
|
|
|
Capital Goods |
NA |
16.658 |
0.000 |
|
|
TOTAL IMPORTS |
NA |
47.213 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(2.73) |
(4.04) |
(0.01) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(29.32)
|
(1838.83)
|
NA
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(17.37)
|
(18.93)
|
(0.25)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.21)
|
(0.14)
|
0.00
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.30
|
0.30
|
9.82 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.92
|
2.34
|
0.08 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
- Creditors Due
Small Micro Enterprises (A) |
-- |
-- |
-- |
|
- Creditors Due
Others (B) |
104.334 |
52.129 |
9.490 |
|
|
|
|
|
|
Total |
104.334 |
52.129 |
9.490 |
A] The Company has not received the required information from Suppliers
regarding their status under the Micro, Small and Medium Enterprises Development
Act, 2006. Hence disclosures, if any, relating to amounts unpaid as at the year
end together with interest paid/ payable as required under the said Act have
not been made.
B] Includes payable, to Diesel International B.V., the Holding Company/
Joint Venture Rs.0.046 Million (Previous Year Rs.0.046 Million) and for Capital
expenditure Rs.3 66 47 025 (Previous year Rs.
1407030)
|
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 |
Yes |
|
Name of Person Contacted |
No |
|
Designation of Contact person |
No |
|
Turnover of Firm for last two 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 |
Yes |
|
Major Suppliers |
No |
|
Major Customers |
No |
|
Payments Terms |
No |
|
Export/ Imports Details (If applicable) |
No |
|
Market Information |
----- |
|
Litigations that the firm/ Promoters Involved in |
----- |
|
Banking details |
Yes |
|
Banking Facility Details |
No |
|
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 |
NOTE:
The Registered office of the company has been
shifted from Asha Arcade, Opposite Gandhigram Railway station, Ellisbridge,
Ahmedabad – 380006, Gujarat, India, to the present
address w.e.f. 20.05.2011.
OPERATIONAL AND
FINANCIAL REVIEW:
During the year
the Company has made good progress in its endeavour
to spawn a genre of fashion that is alternate to established luxuries. The
Company expanded its business by opening 6 more exclusive retail stores in
Mumbai, Bangalore, Delhi, Hyderabad, Chennai and Ludhiana.
The Company has plans to open 4 more exclusive mono brand stores in Gurgaon, Pune, Delhi and Mumbai
in the coming year.
The “Be Stupid
campaign” launched by the Company during the year was a tremendous success.
The Company has
incurred a loss of Rs.72.773 Millions for the financial year ended March 31,
2011. With the substantial growth in operations of the Company the Directors
are confident of better performance in the coming years.
FIXED ASSETS:
Own Assets:
· Leasehold Improvements
· Equipments
· Furniture and Fixtures
Intangible Assets:
· Software
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.56.53 |
|
|
1 |
Rs.88.09 |
|
Euro |
1 |
Rs.70.83 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--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 |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
26 |
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.