MIRA INFORM REPORT
|
Report Date : |
01.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
R R PLAST EXTRUSIONS PRIVATE LIMITED |
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|
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Registered
Office : |
B-3, Nand Jyot Industrial Estate, Safed Pool, Sakinaka, Andheri-Kurla Road,
Andheri (East), Mumbai – 400072, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
23.02.2005 |
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Com. Reg. No.: |
11-151527 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.500 Million |
|
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|
|
CIN No.: [Company Identification
No.] |
U28900MH2005PTC151527 |
|
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR17643D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Extrusion Machinery and Equipments. |
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No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 91000 |
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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 an established company having satisfactory track. Trade
relations are reported to be fair. Business is active. Payments are reported
to be usually correct and as per commitments. The company can be considered for business dealings at 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 – 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 : |
B-3, Nand Jyot Industrial Estate, Safed Pool, Sakinaka, Andheri-Kurla
Road, Andheri (East), Mumbai – 400072, Maharashtra, India |
|
Tel. No.: |
91-22-28528247 / 42461500 |
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Fax No.: |
91-22-28509603 |
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E-Mail : |
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Website : |
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|
Area : |
2500 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Survey No. 164/4, 12/1, National Highway, Opp. Neel Engineering
Company, Village Asangaon (West) – 421301, Shahpur, |
|
Tel. No.: |
91-2527-270056 |
|
Fax No.: |
91-2527-270056 |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Kamble Ramesh Fakira |
|
Designation : |
Director |
|
Address : |
C 1/18, Jyoti Sadan Co-operative Housing
Society, |
|
Date of Birth/Age : |
14.06.1951 |
|
Date of Appointment : |
23.02.2005 |
|
Voter ID No.: |
MT/08/039/0081176 |
|
DIN No.: |
00437802 |
|
|
|
|
Name : |
Mr. Kamble Jagdish Ramesh |
|
Designation : |
Director |
|
Address : |
C 1/18, Jyoti Sadan Co-operative Housing
Society, |
|
Date of Birth/Age : |
15.03.1977 |
|
Date of Appointment : |
23.02.2005 |
|
DIN No.: |
00437632 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Kamble Ramesh Fakira |
20000 |
|
Kamble Jagdish Ramesh |
10000 |
|
Kamble Suman Ramesh |
15000 |
|
Kamble Shruti Jagdish |
5000 |
|
TOTAL
|
50000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Extrusion Machinery and Equipments. |
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Products : |
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GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
100 (Approximately) |
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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 : |
Jagdish D. Shet and Company Chartered Accountant |
|
Address : |
Office No. 22, 11th Floor, Navjivan Society, Building No.
3, |
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Tel. No.: |
91-22-23097756 / 66334558 / 66334559 |
|
Fax No.: |
91-22-23053573 |
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E-Mail : |
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PAN No.: |
AAKPS3496A |
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Associates : |
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CAPITAL STRUCTURE
AS ON 31.03.2011
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 |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
|
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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 |
0.500 |
0.500 |
0.500 |
|
|
2] Share Application Money |
0.070 |
0.500 |
0.500 |
|
|
3] Reserves & Surplus |
22.419 |
8.356 |
0.400 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(0.050) |
|
|
NETWORTH |
22.989 |
9.356 |
1.350 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
9.525 |
0.132 |
4.580 |
|
|
2] Unsecured Loans |
0.000 |
1.315 |
2.182 |
|
|
TOTAL BORROWING |
9.525 |
1.447 |
6.762 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
32.514 |
10.803 |
8.112 |
|
|
|
|
|
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APPLICATION OF FUNDS |
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|
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|
|
|
|
|
|
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|
FIXED ASSETS [Net Block] |
15.567 |
13.023 |
11.624 |
|
|
Capital work-in-progress |
22.516 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.100 |
0.100 |
0.100 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
35.518
|
11.616 |
16.945 |
|
|
Sundry Debtors |
16.127
|
2.086 |
3.251 |
|
|
Cash & Bank Balances |
13.411
|
39.853 |
3.433 |
|
|
Other Current Assets |
0.000
|
0.000 |
7.311 |
|
|
Loans & Advances |
22.623
|
13.314 |
0.064 |
|
Total
Current Assets |
87.679
|
66.869 |
31.004 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
44.808
|
31.443 |
19.160 |
|
|
Other Current Liabilities |
38.070
|
34.419 |
19.873 |
|
|
Provisions |
10.510
|
3.376 |
0.269 |
|
Total
Current Liabilities |
93.388
|
69.238 |
39.302 |
|
|
Net Current Assets |
(5.709)
|
(2.369) |
(8.298) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.040 |
0.049 |
0.057 |
|
|
OTHERS |
0.000 |
0.000 |
4.629 |
|
|
|
|
|
|
|
|
TOTAL |
32.514 |
10.803 |
8.112 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
367.466 |
194.462 |
119.107 |
|
|
|
Labor Charges |
0.349 |
0.000 |
0.000 |
|
|
|
Other Income |
5.175 |
1.387 |
1.353 |
|
|
|
TOTAL (A) |
372.990 |
195.849 |
120.460 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing Expenses |
294.185 |
156.054 |
|
|
|
|
Payments to provision for employees |
11.820 |
7.237 |
113.092 |
|
|
|
Administrative Expenses |
6.448 |
2.501 |
|
|
|
|
Selling and Distribution Expenses |
36.318 |
16.138 |
|
|
|
|
TOTAL (B) |
348.771 |
181.930 |
113.092 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
24.219 |
13.919 |
7.368 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.409 |
0.603 |
2.858 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
23.810 |
13.316 |
4.510 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.325 |
1.534 |
1.542 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
21.485 |
11.782 |
2.968 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
7.360 |
3.913 |
0.219 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
14.125 |
7.869 |
2.749 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7.756 |
(0.050) |
(3.727) |
|
|
|
|
|
|
|
|
|
|
DEFERRED TAX
ASSET / LIABILITY |
0.000 |
0.000 |
0.763 |
|
|
|
|
|
|
|
|
|
|
TAX PROVISION OF
EARLIER YEARS ADJUSTED |
(0.262) |
(0.063) |
0.165 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
21.619 |
7.756 |
(0.050) |
|
|
|
|
|
|
|
|
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|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
42.577 |
11.816 |
51.847 |
|
|
TOTAL EARNINGS |
42.577 |
11.816 |
51.847 |
|
|
|
|
|
|
|
|
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|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
106.227 |
32.666 |
12.506 |
|
|
TOTAL IMPORTS |
106.227 |
32.666 |
12.506 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
282.50 |
172.65 |
59.36 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.84
|
4.02 |
2.28 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.85
|
6.06 |
2.49 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
20.81
|
14.75 |
6.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.93
|
1.26 |
2.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.48
|
7.56 |
34.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.94
|
0.97 |
0.79 |
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
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 |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if
applicable) |
Yes |
|
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] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
Yes |
|
34] |
External
Agency Rating, if available |
No |
CHANGE OF ADDRESS:
Registered office of the company has been
shifted from C 1/18, Jyoti Sadan Co-operative Housing Society, Gulmohar Cross
Road, 6, JVPD Scheme, Juhu, Vile Parle (West), Mumbai – 400049, Maharashtra, India
to the present address w.e.f. 08.02.2007
NATURE OF ACTIVITY
The Company is the manufacturer of Extruder machine, Plant PVC Profile
Plant, Recyling plant, PP Inline, Sheet line plant, Online drip irrigation
plant and jockey extruder.
FORM 8
|
Corporate
identity number of the company |
U28900MH2005PTC151527 |
|
Name of the
company |
R R PLAST
EXTRUSIONS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
B-3, Nand Jyot Industrial Estate, Safed Pool, Sakinaka, Andheri-Kurla Road, Andheri (East), Mumbai – 400072, Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
|
|
Particular of
charge holder |
Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227 D, Nariman
Point, Mumbai – 400021, Maharashtra, India |
|
Nature of
instrument creating charge |
1. Deed of
Hypothecation. 2. Supplemental
Memorandum of Entry By Deposit of Title Deeds. |
|
Date of
instrument Creating the charge |
20.03.2012 |
|
Amount secured by
the charge |
Rs. 18.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As may be
specified by the bank from time to time. Terms of repayment BC - Max 120
days. Margin BC - 10% cash
margin. Extent and operation of the charge 1. First and
exclusive charge by way of Hypothecation of Current assets and Movable fixed
assets present and future of the Borrower, in favour of Kotak Mahindra bank
as security for repayment of financial facilities granted by the Bank to the Borrower. 2. First and
exclusive charge on Immovable property of the Borrower in favour of Kotak
Mahindra Bank Limited, as security for repayment of financial facilities
granted by the Bank to the Borrower. |
|
Short particulars
of the property charged (Including location of the property) |
The whole of
Borrower's Current assets and Movable fixed assets both present and future as
described in Schedule to the Deed of Hypothecation. Unit No.403 and
404, on 4th floor, Dilkap Center, Near Akruti orchid park, Andheri Kurla
Road, Sakinaka, Andheri (East), Mumbai-400072. |
FIXED ASSETS
- Factory Land
- Site
Development
- Factory
Building
- Air
Conditioners
- Aqua Guard
Cooler
- Fax Machine
- Computers
- Electrical
and Fittings
- Furniture and
Fixtures
- Lap-top
- Mobile
- Office
Equipments
- Plant and
Machineries
- Finger Print
Machine
- Printer
- Motor Car –
WagonR
- Water Cooler
- Water
Purifier
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. 55.72 |
|
|
1 |
Rs. 87.95 |
|
Euro |
1 |
Rs. 69.65 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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.