1. Summary Information
|
Country |
India |
||
|
Company Name |
PARAS DYES AND CHEMICALS PRIVATE LIMITED |
Principal Name 1 |
Mr. Pravesh Jain |
|
Status |
Moderate |
Principal Name 2 |
Mr. Rakesh Jain |
|
Registration # |
55-207172 |
||
|
Street Address |
B-82, Defence Colony, New Delhi – 110024, India |
||
|
Established Date |
17.08.2010 |
SIC Code |
-- |
|
Telephone# |
91-11-41550600/04 41550700/04 43206000 |
Business Style 1 |
Trader |
|
Fax # |
91-11-41551611-12 |
Business Style 2 |
Petrochemicals |
|
Homepage |
Product Name 1 |
Alcohols |
|
|
# of employees |
Not Available |
Product Name 2 |
Acids |
|
Paid up capital |
Rs.33,500,000/- |
Product Name 3 |
Amines |
|
Shareholders |
Directors or relatives of
directors – 100.00% |
Banking |
State Bank of
India |
|
Public Limited Corp. |
NO |
Business Period |
2 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (33) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Related Parties |
-- |
Bahubali Dyes Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
548,418,000 |
Current Liabilities |
268,034,000 |
|
Inventories |
52,692,000 |
Long-term Liabilities |
218,889,000 |
|
Fixed Assets |
95,724,000 |
Other Liabilities |
6,050,000 |
|
Deferred Assets |
199,000 |
Total Liabilities |
492,973,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
170,560,000 |
|
|
|
Net Worth |
204,060,000 |
|
Total Assets |
697,033,000 |
Total Liab. & Equity |
697,033,000 |
|
Total Assets (Previous Year) |
952,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Gross Revenue |
2220,539,000 |
Net Profit |
3,577,000 |
|
Gross
Revenue (Previous yr) |
0,000 |
Net Profit(Prev.yr) |
(17,000) |
MIRA INFORM REPORT
|
Report Date : |
29.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
PARAS DYES AND CHEMICALS PRIVATE LIMITED (w.e.f. 12.10.2010) |
|
|
|
|
Formerly Known
As : |
PARAS CHEMDYE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-82, Defence Colony, New Delhi – 110024 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
17.08.2010 |
|
|
|
|
Com. Reg. No.: |
55-207172 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.33.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100DL2010PTC207172 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELP17388A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCP6057L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of Chemicals Petrochemicals, Petro Products and
Industrial Chemicals. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 810000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a successor of partnership concern in the year 1982 act in
the name “PARAS DYES AND CHEMICALS” and later in the year August 2010 it got
converted into private limited company. It is having a Moderate track record. It has achieved minimal profit
in its first year of operation. However, performance capability is high. Trade relations are reported
to be fair. Business is active. Payments are slow but correct. The company can be considered for business dealings with some caution. |
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
BB+ Fund based limited |
|
Rating Explanation |
Having Moderate risk of default regarding
timely services of financial obligation. |
|
Date |
2012 |
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/ Head Office/ Administrative Office : |
B-82, Defence Colony, New Delhi – 110024, India |
|
Tel. No.: |
91-11-41550600-03/ 41550700-04/ 43206000 |
|
Fax No.: |
91-11-41551611-12 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Warehouse : |
Plot No. 95-96, Mohmed Pur, Village: Karala, Delhi -110081, India
Sonepat Godown
Ambica Godown
|
|
|
|
|
Branches : |
Located at:
|
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Pravesh Jain |
|
Designation : |
Director |
|
Address : |
House No.40, 15 A Gautam Budh Nagar, Noida – 201301, Uttar Pradesh,
India |
|
Date of Birth/Age : |
01.08.1956 |
|
PAN No.: |
AAFPJ9427M |
|
Date of Appointment : |
17.08.2010 |
|
DIN No.: |
00247230 |
|
|
|
|
Name : |
Mr. Rakesh Jain |
|
Designation : |
Director |
|
Address : |
House No.40, 15 A Gautam Budh Nagar, Noida – 201301, Uttar Pradesh,
India |
|
Date of Birth/Age : |
07.07.1954 |
|
PAN No.: |
AADPJ3519Q |
|
Date of Appointment : |
21.01.2011 |
|
DIN No.: |
00247233 |
|
|
|
|
Name : |
Mr. Sarthak Jain |
|
Designation : |
Director |
|
Address : |
House No.40, 15 A Gautam Budh Nagar, Noida – 201301, Uttar Pradesh,
India |
|
Date of Birth/Age : |
04.02.1983 |
|
PAN No.: |
AEQPJ5803G |
|
Date of Appointment : |
17.08.2010 |
|
DIN No.: |
00247235 |
KEY EXECUTIVES
|
Name : |
Ms. Seema Dhondiyal |
|
Designation : |
Secretary |
|
Address : |
E-55, Sector – 15, Gautam Budh Nagar, Noida – 201301, Uttar Pradesh,
India |
|
Date of Birth/Age : |
12.07.1987 |
|
Date of Appointment : |
14.05.2012 |
|
PAN No.: |
AZUPD3063H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Pravesh Jain |
|
2009000 |
|
Sarthak Jain |
|
1341000 |
|
|
|
|
|
Total |
|
3350000 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Chemicals Petrochemicals, Petro Products and Industrial
Chemicals. |
|
|
|
|
Products : |
|
GENERAL INFORMATION
|
Customer : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ved Jain And Associates Chartered Accountants |
|
Address : |
33, 1st Floor, Babar Road, Bengali Market, New Delhi –
110001, India |
|
PAN No.: |
AAAFV6040K |
|
|
|
|
Related Parties : |
|
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3350000 |
Equity Shares |
Rs.10/- each |
Rs. 33.500
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
33.500 |
0.100 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
170.560 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
204.060 |
0.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
68.889 |
0.822 |
|
|
2] Unsecured Loans |
|
150.000 |
0.000 |
|
|
TOTAL BORROWING |
|
218.889 |
0.822 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
422.949 |
0.922 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
95.724 |
0.000 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.199 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
52.692
|
0.000 |
|
|
Trade receivable |
|
488.536
|
0.000 |
|
|
Cash & Bank Balances |
|
25.184
|
0.384 |
|
|
Other Current Assets |
|
0.243
|
0.321 |
|
|
Loans & Advances |
|
34.455
|
0.247 |
|
Total
Current Assets |
|
601.110
|
0.952 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
257.682
|
0.030 |
|
|
Other Current Liabilities |
|
10.352
|
0.000 |
|
|
Provisions |
|
6.050
|
0.000 |
|
Total
Current Liabilities |
|
274.084
|
0.030 |
|
|
Net Current Assets |
|
327.026
|
0.922 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
422.949 |
0.922 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Gross Revenue |
|
2220.539 |
0.000 |
|
|
|
Other Income |
|
NA |
NA |
|
|
|
TOTAL |
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE EXTRAORDINARY ITEMS AND
TAXES |
|
9.784 |
(0.017) |
|
|
|
|
|
|
|
|
|
|
EXTRAORDINARY ITEMS |
|
|
|
|
|
|
|
|
|
|
|
|
|
LOSS ON SALE AND
DISPOSAL OF ASSETS |
|
(0.356) |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
9.428 |
(0.017) |
|
|
|
|
|
|
|
|
|
|
TAX |
|
5.851 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
3.577 |
(0.017) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
1.07 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
1.35 |
(1.79) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.05 |
(0.17) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
1.07 |
8.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
2.19 |
31.73 |
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 two years |
Yes |
|
12] |
Profitability for last two 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 |
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] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN 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 |
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As on 31.03.2012 |
As on 31.03.2011 |
|
|
|
|
|
Other loans and advance |
150.000 |
0.000 |
|
|
|
|
|
Total |
150.000 |
0.000 |
Bankers Charges Report
as per Registry
|
Corporate identity
number (CIN) or foreign company registration number of the company |
U24100DL2010PTC207172 |
|
Name of the
company |
PARAS DYES AND CHEMICALS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in India of the company |
B-82, Defence Colony, New Delhi – 110024, India E-mail: info@parasdyes.com |
|
This form is for |
Modification of
charge |
|
Charge
identification (ID) number of the charge to be modified |
10316853 |
|
Type of charge |
|
|
Particular of
charge holder |
State Bank of India,
SME Branch, A-5 South Extension part-I, New Delhi – 110048, India E-mail: - renu.yadav@sbi.co.in
|
|
Nature of
instrument creating charge |
SME-1 Arrangement
Letter SME-2
Hypothecation Agreement |
|
Date of
instrument Creating the charge |
13.02.2012 |
|
Amount secured by
the charge |
Rs. 500.000 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest BR+4.75% p.a on
monthly rest or such other rate (s) specified by the bank from time to time. Terms of
Repayment On demand Margin Stocks -25% Receivables -50 %
( Cover period 120 days ) LG/BG-10% Extent and
Operation of the charge 100% First charge Others Details of credit
facilities :- Cash credit (
Hyp) Rs.250.000 Millions Cash credit
Rs.(220.000) Millions LC Rs.220.000
Millions BG Rs.30.000
Millions Total Rs.500.000
Millions |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
First
hypothecation exclusive charge on entire current assets comprising among
other things stocks of raw materials , stores , spares , SIP, FG and
book-debts at work sites or otherwise and including stocks in transit and
cash and credit balance in their loan accounts/ margin on other facilities
both present and future. First charge on
all the book-debts / receivables as also clean or documentary bills, domestic
or exports whether accepted or otherwise and the cheques / drafts /
instruments etc. Drawn in its
favour both present and future. |
|
Particulars of
the present modification |
There are no
change in the existing credit facilities of Rs.500.000 Millions but now
company has executed fresh set of documents. |
FIXED ASSETS
Tangible Assets
- Land
- Buildings
- Plant and Equipment
- Factory Equipments
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Computer Equipments
- Plantations
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 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. 54.29 |
|
|
1 |
Rs. 83.88 |
|
Euro |
1 |
Rs. 70.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
33 |
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.