1. SUMMARY INFORMATION
|
|
|
Country |
India |
|
Company Name |
FUNDAMENTAL ELECTRONICS PRIVATE LIMITED |
Principal Name 1 |
Mr. Sanjay Taneja |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Ved prakash taneja |
|
|
|
Registration # |
21-71572 |
|
Street Address |
6, |
||
|
Established Date |
18.05.1995 |
SIC Code |
- |
|
Telephone# |
91-33-22480565 |
Business Style 1 |
Dealer |
|
Fax # |
Not Available |
Business Style 2 |
- |
|
Homepage |
- |
Product Name 1 |
Electronics |
|
# of employees |
Not Available |
Product Name 2 |
Electrical Goods |
|
Paid up capital |
Rs.5,000,000/- |
Product Name 3 |
- |
|
Shareholders |
Directors or Relatives of Directors 100% |
Banking |
Punjab National Bank |
|
Public Limited Corp. |
No |
Business Period |
17 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (43) |
|
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 |
14,717,000
|
Current Liabilities |
24,472,000
|
|
Inventories |
33,365,000
|
Long-term Liabilities |
20,870,000 |
|
Fixed Assets |
32,523,000 |
Other Liabilities |
7,805,000 |
|
Deferred Assets |
000 |
Total Liabilities |
53,147,000 |
|
Invest& other Assets |
000 |
Retained Earnings |
22,458,000 |
|
|
|
Net Worth |
27,458,000 |
|
Total Assets |
80,605,000 |
Total Liab. & Equity |
80,605,000 |
|
Total Assets (Previous Year) |
75,168,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
320,900,000 |
Net Profit |
6,753,000 |
|
Sales(Previous yr) |
258,900,000 |
Net Profit(Prev.yr) |
5,069,000 |
MIRA
INFORM REPORT
|
Report Date : |
20.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
FUNDAMENTAL ELECTRONICS PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
FUNDAMENTAL FINVEST PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
6, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
18.05.1995 |
|
|
|
|
Com. Reg. No.: |
21-71572 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109WB1995PTC071572 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALF00789F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACF3671P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealer of Electronics and Electrical Goods. |
|
|
|
|
No. of Employees
: |
Not Available |
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 100000 |
|
|
|
|
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 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
6, |
|
Tel. No.: |
91-33-22480565 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 19.07.2011
|
Name : |
Mr. Sanjay Taneja |
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|
Designation : |
Director |
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|
Address : |
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|
Date of Birth/Age : |
24.10.1966 |
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|
Date of Appointment : |
02.09.1998 |
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Din No.: |
00529839 |
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Other Directorship:
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|
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|
Name : |
Mr. Ved Prakash Taneja |
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|
Designation : |
Director |
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|
Address : |
|
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|
Date of Birth/Age : |
02.09.1934 |
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|
Date of Appointment : |
02.08.1998 |
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|
Din No.: |
00529875 |
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|
Other Directorship:
|
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|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Murli Gangaram Lalchandani |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
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|
Address : |
E -3, Middleton Apartment, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.05.1950 |
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|
Date of Appointment : |
25.08.2003 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
00529797 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 19.07.2011
|
Names of Shareholders |
|
No. of Shares |
|
Sanjay Taneja |
|
76400 |
|
Ved Prakash Taneja |
|
30100 |
|
Murli Gangaram Lalchandani |
|
197500 |
|
Savitri Taneja |
|
44000 |
|
Shikha Sanjay Taneja |
|
22000 |
|
Pulak Sanjay Taneja |
|
100000 |
|
Ved Prakash Taneja and Son |
|
10000 |
|
Sanjay Taneja and Son |
|
10000 |
|
Suraj Lalchandani |
|
10000 |
|
|
|
|
|
TOTAL
|
|
500000 |
AS ON 19.07.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer of Electronics and Electrical Goods. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
Punjab
National Bank, Lyous Road Branch, 1 RN Mukherjee Road, Calcutta – 700 001, West
Bengal, India ·
Oriental
Bank of Commerce, Ballygunge Branch, 56, Gariahat Road, Kolkata – 700 019, West Bengal,
India |
||||||||||||||||||||||||||||||
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|
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|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.K. Jhunjhunwalla and Associates Chartered Accountants |
|
Address : |
Aloka House, 6B, Bentick Street, 1st Floor, Kolkata-700001,
West Bengal, India |
|
Tel. No.: |
91-33-22486901/ 22315632 |
|
Mobile No.: |
91-9830172573 |
|
Pan No.: |
ACUPJ2543D |
CAPITAL STRUCTURE
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 |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
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 |
5.000 |
5.000 |
5.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
22.458 |
15.705 |
10.636 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
27.458 |
20.705 |
15.636 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
5.770 |
18.183 |
19.743 |
|
|
2] Unsecured Loans |
15.100 |
12.500 |
15.000 |
|
|
TOTAL BORROWING |
20.870 |
30.683 |
34.743 |
|
|
DEFERRED TAX LIABILITIES |
0.961 |
0.717 |
0.422 |
|
|
|
|
|
|
|
|
TOTAL |
49.289 |
52.105 |
50.801 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
32.523 |
32.401 |
33.271 |
|
|
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 |
33.365
|
26.176
|
19.318
|
|
|
Sundry Debtors |
4.504
|
6.732
|
2.674
|
|
|
Cash & Bank Balances |
0.583
|
1.168
|
1.388
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
9.630
|
8.691
|
10.026
|
|
Total
Current Assets |
48.082
|
42.767
|
33.406
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
23.590
|
16.430 |
11.936 |
|
|
Other Current Liabilities |
0.882
|
1.653
|
0.741
|
|
|
Provisions |
6.844
|
4.980
|
3.199
|
|
Total
Current Liabilities |
31.316
|
23.063
|
15.876
|
|
|
Net Current Assets |
16.766
|
19.704
|
17.530
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
49.289 |
52.105 |
50.801 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
320.900 |
258.900 |
180.600 |
|
|
|
Other Income |
33.826 |
22.186 |
15.013 |
|
|
|
TOTAL |
354.726 |
281.086 |
195.613 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
341.947 |
271.176 |
193.169 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
Financial Expenses |
|
|
|
|
|
|
TOTAL |
341.947 |
271.176 |
193.169 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
12.779 |
9.910 |
2.444 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.745 |
2.555 |
1.570 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
10.034 |
7.355 |
0.874 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.281 |
2.286 |
0.297 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
6.753 |
5.069 |
0.577 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
15.705 |
10.636 |
10.059 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
22.458 |
15.705 |
10.636 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
13.51 |
10.14 |
1.15 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.90
|
1.80 |
0.29 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.13
|
2.84 |
0.48 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.45
|
9.78 |
1.31
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37
|
0.36 |
0.06
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.90
|
2.60 |
3.24
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.54
|
1.85 |
2.10
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
WORKING RESULT:
The company is the showroom owner of Electronics items of Samsung in
Kolkata having two showroom located at the prime location of Gariahat and city centre,
Saltlake. The company has also one Multi-Brand showroom at south city mall,
where electronic items of brands are being sold. The company has recently added
one more Multi-Branded showroom at Netaji Nagar, Tallyganj, Kolkata.
During the year the profit before Tax has increased from Rs. 7.355
millions to Rs. 10.034 millions mainly due to increase in volume sale from Rs.
258.900 millions to Rs. 320.900 millions. Through depreciation has increased
from Rs. 2.555 millions to Rs. 2.745 millions. The company managed to increase
in its sale volume, through advertisement in Print Media and Extensive Customer
relationship. The scheme and incentives received from PRINCIPALS, has also
increased from Rs.22.100 millions to Rs.26.600 millions during the year which
also added to the profitability of the company. Bearing unforeseen
circumstances the directors of the company are hopeful of similar result in
coming year also.
FIXED ASSETS:
v Air Conditioner
v Auto Van
v By-Cycle
v Computer and Software
v Fax Machine
v Fire Extinguisher
v Cable Instrument
v Furniture and Fixtures
v Motor Car
v Shop at City Centre
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.52.97 |
|
|
1 |
Rs.85.45 |
|
Euro |
1 |
Rs.69.45 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
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.