|
Report Date : |
12.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
AASHKA HOSPITALS PRIVATE LIMITED
|
|
|
|
|
Registered
Office : |
“The Pyramid” 39, Chaitanya Society, Near S. P. Stadium, Navrangpura,
Ahmedabad – 380014, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
09.11.2012 |
|
|
|
|
Com. Reg. No.: |
072647 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85110GJ2012PTC072647 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AALCA2155N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Hospital Services. |
|
|
|
|
No. of Employees
: |
9 (Approximately) (Office in 4 and Factory – 5) |
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 |
|
Status : |
Yet to commence its business activity |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Even though the company was incorporated on 09.11.2012, the company is
yet to commence its business activities. As claimed by Mr. Dinesh, Accounts Manager that the company will start
their activities from 2015 because subject company is under construction. Payment terms are unknown. The company can be considered for business dealings with 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated number
of jobs created during the second quarter of the current financial year. 50000
estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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.
INFORMATION PARTED BY (General Details)
|
Name : |
Mr. Dinesh |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9825305608 |
|
Date : |
12.12.2013 |
LOCATIONS
|
Registered Office : |
“The Pyramid” 39, Chaitanya Society, Near S. P. Stadium, Navrangpura, Ahmedabad
– 380014, Gujarat, India |
|
Tel. No.: |
91-79-64503394/ 64503512 |
|
Mobile No.: |
91-9825305608 (Mr. Dinesh) 91-9825016153 (Mr. Bipin Shah) |
|
Fax No.: |
91-79-26463855 |
|
E-Mail : |
|
|
|
|
|
Hospital Address : |
Aashka Hospitals – Opposite C. P. E. D. College, Near NID, Behind DA-IICT
Campus, Sargasan Road, Gandhinagar – 382421, Gujarat, India |
DIRECTORS
|
Name : |
Mr. Bipin Dineshchandra Shah |
|
Designation : |
Director |
|
Address : |
401, Aashka Apartment, Opposite Lion’s Hall Near Mithakhali Six Road, Mithakhali,
Ahmedabad – 380009, Gujarat, India |
|
Date of Birth/Age : |
24.04.1968 |
|
Qualification : |
B. E. (Structure) Goldmedalist M. E. (Structure) |
|
Experience : |
20 Years |
|
PAN No.: |
ACYPS5862L |
|
|
|
|
Name : |
Mr. Parag Rameshchandra Thaker |
|
Designation : |
Director |
|
Address : |
40, Sutaria Park, Swipark Society, Madhuvrund, Ghatlodia, Ahmedabad –
380061, Gujarat, India |
|
Date of Birth/Age : |
22.01.1965 |
|
Qualification : |
M. D. (Paediatrics) C.Y.S. (Yoga Science) |
|
Experience : |
19 years |
|
PAN No.: |
AAJPT8602Q |
|
|
|
|
Name : |
Dr. Rajendra Popatlal Raval |
|
Designation : |
Director |
|
Address : |
3, Suryadeep Bunglows, Behind Badshah Vila, Thaltej, Ahmedabad,
Gujarat, India |
|
Date of Birth/Age : |
24.11.1973 |
|
Experience : |
11 Years |
|
PAN No.: |
AENPR1377J |
|
|
|
|
Name : |
Mr. Haresh Dineshchandra Shah |
|
Designation : |
Director |
|
Address : |
301, Snowdrops Flats, B. S. SBI, Near Stadium Cross Road, Off C. G. Road,
Navrangpura, Ahmedabad – 380009, Gujarat, India |
|
Date of Birth/Age : |
04.02.1964 |
|
Experience : |
22 years |
|
PAN No.: |
AMKPS9571L |
|
|
|
|
Name : |
Dr. Kaushik Harshad Gajjar |
|
Designation : |
Director |
|
Address : |
50, Sardar Patel Colony, Near Swastik High School, Usmanpura,
Ahmedabad – 380013, Gujarat, India |
|
Date of Birth/Age : |
29.11.1958 |
|
Email : |
|
|
Experience : |
21 years |
|
PAN No.: |
ABCPG5166A |
KEY EXECUTIVES
|
Name : |
Mr. Dinesh |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 31.03.2013)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Bipin D. Shah |
|
7596000 |
|
Parag R. Thaker |
|
251000 |
|
Haresh D. Shah |
|
1000 |
|
Kaushik H. Gajjar |
|
101000 |
|
Rajendra P. Raval |
|
1000 |
|
Pareshbhai Amratbhai Shah |
|
50000 |
|
|
|
|
|
Total |
|
8000000 |
BUSINESS DETAILS
|
Line of Business : |
Hospital Services. |
|
|
|
|
Terms : |
|
|
Purchasing : |
Credit (30 to 60 days) |
GENERAL INFORMATION
|
Suppliers : |
· Cass Associates Contact No.: Mr. suresh-9825034742 · Sachi Agency Contact No.: Mr. Atul-9825016193 · Hitech OTS Private Limited Contact No.: Mr. Karan Kumar - 9212488715 KH-346, M. G. Road, Sultanpur, Nr. Sultanpur Metro Station, New Delhi - 110030, India · Vertex devices Contact No.: Mr. Prashant Naidu-9016193740 3/5, Municipal Staff flats, Opposite IDBI Bank, Near Swagar Complex, Off C. G. Road, Ahmedabad-380006, Gujarat, India · Janak Healthcare Private Limited, Contact No.: 91-22 49153000 Unit No: 12, 1st Floor, Kalpataru Point, Plot No: 107, Kanani Marg, Opposite Cinema Theatre, Sion Circle, Sion (East) Mumbai-400022, Maharashtra, India · Matulya Surgical Contact No.: 91-79-27414553 81/674, Pushpak Appartment, Near Jay Mangal Society, 132' Ring Road Naranpura, Ahmedabad, Gujarat, India |
|
|
|
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
9 (Approximately) (Office in 4 and Factory – 5) |
|
|
|
|
Bankers : |
·
HDFC Bank Limited Ashram
Road, Branch, India ·
Bank of India Ellisebridge Branch, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. C. Bohara and Associates Chartered Accountants |
|
Address : |
703/4/5 P. B. Parekh Tower, Diwan Ballubhai School Road,
Kankaria, Ahmedabad – 380022, Gujarat, India |
|
Tel No.: |
91-79-25471562 |
|
|
|
|
Associates/Subsidiaries : |
·
Calica Construction and Impex Private Limited · Gujarat Pulmonary and Critical Care Clinic Private Limited · Technosave Products Private Limited · Affiinity energy and Infrastructure Private Limited · Prudent Greentech Private Limited · Pyramid worldwide Private Limited · Scaffolding Infrastructures Private Limited · Adipoojan Infracon Private Limited · Pyramid Associates · Aashka Hospitality Private Limited Ground Floor, Shreyashrayam, Behind DA-IICT, Sargasan Road, Sargasan – 382421, Gujarat, India Contact No.: 91-79-23226797 · Poojan Children Hospital 1st Floor, Vaibhav Complex, Near Nirnaynagar Under Bridge, Nirnaynagar, Ahmedabad – 382481, Gujarat, India Tel No.: 91-79-27621068/ 27622330/ 6545444 Fax No.:: 91-79-27620333 |
CAPITAL STRUCTURE
(AS ON 27.09.2013)
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs.10/- each |
Rs.80.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs.10/- each |
Rs.80.000 Millions |
|
|
|
|
|
(AS ON 31.03.2013)
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
|
|
|
|
|
Reconciliation of the number of Equity shares outstanding at the
beginning and at the end of year.
|
Particulars |
As at 31.03.2013 |
|
Share Outstanding at the beginning of the
year |
-- |
|
Add: Share issue during the year |
0.010 |
|
Share Outstanding at the end of the year |
0.010 |
Details of shareholders holding more than five percent of shares
|
Particulars |
As at 31.03.2013 |
|
|
|
|
Bipin D. Shah |
60.00% |
|
Haresh D. Shah |
10.00% |
|
Dr. Parag R. Thaker |
10.00% |
|
Dr. Rajendra R. Raval |
10.00% |
|
Dr. Kaushik S. Gajjar |
10.00% |
|
|
|
|
Total |
100.00% |
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
0.100 |
|
(b) Reserves & Surplus |
|
|
0.000 |
|
(c) Money received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1)+(2) |
|
|
0.100 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long
term liabilities |
|
|
0.000 |
|
(d) long-term
provisions |
|
|
0.000 |
|
Total Non-current
Liabilities (3) |
|
|
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
|
0.000 |
|
(b)
Trade payables |
|
|
0.000 |
|
(c)
Other current liabilities |
|
|
0.000 |
|
(d) Short-term
provisions |
|
|
0.010 |
|
Total Current
Liabilities (4) |
|
|
0.010 |
|
|
|
|
|
|
TOTAL |
|
|
0.110 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
0.000 |
|
(i)
Tangible assets |
|
|
0.000 |
|
(ii)
Intangible Assets |
|
|
0.000 |
|
(iii)
Capital work-in-progress |
|
|
0.000 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
0.000 |
|
(e) Other
Non-current assets |
|
|
0.000 |
|
Total Non-Current
Assets |
|
|
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
0.000 |
|
(c)
Trade receivables |
|
|
0.000 |
|
(d) Cash
and cash equivalents |
|
|
0.100 |
|
(e) Short-term
loans and advances |
|
|
0.000 |
|
(f)
Other current assets |
|
|
0.010 |
|
Total
Current Assets |
|
|
0.110 |
|
|
|
|
|
|
TOTAL |
|
|
0.110 |
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2013 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
|
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
11.00 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
No |
|
12] |
Profitability for last three years |
No |
|
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 |
No |
|
19] |
Payments terms |
Yes |
|
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 |
No |
|
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 |
------------------------------------------------------------------------------------------------------------------------------
FINANCIALS RESULTS
The company has not done any commercial
activities.
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
OF ASSETS AND LIABILITIES
(MR.
BIPIN DINESHBHAI SHAH)
(RS. IN MILLIONS)
DETAILS OF ASSETS
IMMOVABLE PROPERTY
|
Assets |
Own/ Joint Name |
Area |
Freehold or
Leasehold |
Location Address
|
Present Market
Value |
|
|
|
|
|
|
|
|
Commercial Office |
Owned |
2714.26 sq. ft. |
Freehold |
Shaikhpur- Khanpur FP 262 TPS 3-Office No.GF/02-Snow Drops |
30.000 |
|
Land |
Joint |
2003.73 sq. Mtr. |
Freehold |
Dharison Ta. Dehgam District
Gandhinagar |
250.000 |
|
NA Land |
Owned |
1236.56 sq. Mtr. |
Freehold |
Registeration District Patan, Sub District Charansmana |
250.000 |
|
Residential Bungalow |
Owned |
551.63 sq. Mtr |
Freehold |
Plot No.69, Bungalow No.2/112, sector 7 in Satyagrah Chhawni
Co-Operative Housing Society,
Satellite Road, Ahmedabad |
70.000 |
|
Residential Flat |
Owned |
400 sq. yard |
Freehold |
401, Aashka, Opposite Lion’s Hall, Mithakali, Ahmedabad |
20.000 |
|
Corporate House |
Owned |
-- |
Freehold |
The Pyramid, 39, Chaintanya Society, Near S. P. Stadium Navrangapura,
Ahmedabad |
50.000 |
|
Na Land |
Owned |
40896 sq. yard |
Freehold |
Uvarsad, Gandhinagar |
1500.000 |
|
|
|
|
|
|
|
|
Total |
2170.000 |
||||
MOVABLE PROPERTY
|
Name of Company
and Branch |
Surrender Value/
Paid Value |
|
LIC |
0.588 |
VEHICLES
|
Type of Vehicles
|
Present Value |
|
Car-BMW 5 Series |
1.955 |
|
Car – BMW-X1 |
2.010 |
|
Car - Jazz |
0.468 |
JEWELLERY
|
Quantity |
Valuation |
|
Gold and Silver |
1.000 |
CAPITAL INVESTED
IN BUSINESS
|
Deposit in Calica Constriction and Impex Private Limited |
52.313 |
|
Deposit in Aashka Hospitality Private Limited |
10.322 |
|
Deposit in Technosave Products Private Limited |
4.392 |
|
Deposit in Wildwoods Resorts and Realities Private Limited |
4.500 |
OTHER INVESTMENTS
/ ASSETS
|
Cash and Bank Balance |
2.195 |
|
Loans and Advances |
176.265 |
DETAILS OF
LIABILITIES
|
Borrowed from |
Purpose of Loan |
Amount if Loan |
Outstanding
Balance |
|
BWM Financial Services 3 Series |
Personal |
3.875 |
3.685 |
|
Kotak Mahindra Bank Limited |
Business |
12.300 |
10.992 |
|
Kotak Mahindra bank Limited |
Business |
7.383 |
6.593 |
|
HDB Financial Services Limited |
Business |
10.000 |
8.346 |
|
Kotak Mahindra Bank Limited |
Business |
3.700 |
3.226 |
|
Kotak Mahindra Prime Limited – Car Loan |
Personal |
6.274 |
2.889 |
|
Religare Fininvest |
-- |
85.000 |
78.920 |
|
|
|
|
|
|
Total |
128.532 |
114.651 |
|
LEGAL HEIRS/
FAMILY PARTICULARS
|
Name |
Occupation |
Relation |
Age Years |
Marital Status |
Address |
|
Shreyarthiben B. Shah |
House Wife |
Wife |
40 |
Married |
401, Aashka Apartment, Opposite Lion’s Hall, Near Mithakhali Six Road,
Mithakhali, Ahmedabad, Gujarat, India |
|
Aashka B. Shah |
Study |
Daughter |
16 |
Unmarried |
401, Aashka Apartment, Opposite Lion’s Hall, Near Mithakhali Six Road,
Mithakhali, Ahmedabad, Gujarat, India |
|
Aashna B. Shah |
Study |
Daughter |
11 |
Unmarried |
401, Aashka Apartment, Opposite Lion’s Hall, Near Mithakhali Six Road,
Mithakhali, Ahmedabad, Gujarat, India |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
OF ASSETS AND LIABILITIES
(MR.
PARAG RAMESHCHANDRA THAKER)
(RS. IN MILLIONS)
DETAILS OF ASSETS
IMMOVABLE PROPERTY
|
Assets |
Own/ Joint Name |
Freehold or
Leasehold |
Location Address
|
Present Market
Value |
|
|
|
|
|
|
|
Residential House |
Owned |
Freehold |
40, Sutariyapark Society, Ghatlodia Ahmedabad – 380061, Gujarat, India |
18.000 |
|
Hospital Premises |
Owned |
Freehold |
Vaibav Complex, Nirnayanafar Ahmedabad |
2.500 |
|
Land |
Owned |
Freehold |
Ahmedabad |
0.266 |
|
|
|
|
|
|
|
Total |
|
20.766 |
||
MOVABLE PROPERTY
|
Name of Company
and Branch |
Surrender Value/
Paid Value |
|
LIC |
2.000 |
SHARES
/ DEBENTURES / MUTUAL FUND ETC.
|
Name of Company |
Current Market
Value |
|
Shares and Bonds |
1.119 |
TERM
DEPOSIT
|
Name of Deposit |
Maturity
Amount |
|
Deposit |
0.009 |
INVESTMENT
IN GOVT. SECURITIES LIKE BONDS / PPF/ NSC / KVP /IVP ETC.
|
Bond/
Certificate No. |
Maturity
Amount |
|
PPF |
0.943 |
VEHICLES
|
Type of Vehicles
|
Present Value |
|
Vehicles |
1.196 |
|
Furniture and Fixtures |
1.241 |
JEWELLERY
|
Quantity |
Valuation |
|
Gold and Silver |
1.000 |
CAPITAL INVESTED
IN BUSINESS
|
Share Capital in Private Limited |
0.100 |
|
Poojan Children Hospital |
4.682 |
OTHER INVESTMENTS
/ ASSETS
|
Cash and Bank Balance |
2.493 |
|
Loans and Advances |
0.130 |
DETAILS OF
LIABILITIES
|
Borrowed from |
Amount if Loan |
Outstanding
Balance |
|
Loans from Bank |
0.818 |
-- |
|
|
|
|
LEGAL HEIRS/
FAMILY PARTICULARS
|
Name |
Occupation |
Relation |
Age Years |
Marital Status |
Address |
|
Vaishaliben P Thaker |
House Wife |
Wife |
24.02.1969 |
Married |
40, Sutariyapark Society, Ghatlodia Ahmedabad – 380061, Gujarat, India |
|
Pinank P Thaker |
Study |
Son |
09.06.1992 |
Unmarried |
40, Sutariyapark Society, Ghatlodia Ahmedabad – 380061, Gujarat, India |
|
Tapan P. Thaker |
Study |
Son |
14.02.1996 |
Unmarried |
40, Sutariyapark Society, Ghatlodia Ahmedabad – 380061, Gujarat, India |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
OF ASSETS AND LIABILITIES
(MR.
RAJENDRA POPATLAL RAVAL)
(RS. IN MILLIONS)
DETAILS OF ASSETS
IMMOVABLE PROPERTY
|
Assets |
Own/ Joint Name |
Freehold or
Leasehold |
Location Address
|
Present Market
Value |
|
|
|
|
|
|
|
Residential |
Owned |
-- |
3, Suryadeep Bunglows (Raj Bhavan), Behind Badshah Villa, Thaltej |
10.000 |
|
|
|
|
|
|
|
Total |
|
10.000 |
||
MOVABLE PROPERTY
|
Name of Company
and Branch |
Surrender Value/
Paid Value |
|
LIC |
0.088 |
SHARES
/ DEBENTURES / MUTUAL FUND ETC.
|
Name of Company |
Current Market
Value |
|
Shares and Bonds |
0.563 |
TERM
DEPOSIT
|
Name of Deposit |
Maturity
Amount |
|
Union Fixed Deposit |
0.550 |
INVESTMENT
IN GOVT. SECURITIES LIKE BONDS / PPF/ NSC / KVP /IVP ETC.
|
Bond/
Certificate No. |
Maturity
Amount |
|
PPF |
0.196 |
VEHICLES
|
Type of Vehicles
|
Present Value |
|
Vehicles |
0.902 |
JEWELLERY
|
Quantity |
Valuation |
|
Gold and Silver |
0.500 |
CAPITAL INVESTED
IN BUSINESS
|
Share Capital in Private Limited |
0.100 |
OTHER INVESTMENTS
/ ASSETS
|
Cash and Bank Balance |
0.225 |
|
Loans and Advances |
0.626 |
DETAILS OF
LIABILITIES
LEGAL HEIRS/ FAMILY
PARTICULARS
|
Name |
Occupation |
Relation |
Age Years |
Marital Status |
Address |
|
Jayshree R. Raval |
House Wife |
Wife |
39 |
Married |
3, Suryadeep Bunglows (Raj Bhavan), Behind Badshah Villa, Thaltej |
|
Yajat R. Raval |
Study |
Son |
6 |
Unmarried |
3, Suryadeep Bunglows (Raj Bhavan), Behind Badshah Villa, Thaltej |
|
Falak R. Raval |
-- |
Daughter |
4 |
Unmarried |
3, Suryadeep Bunglows (Raj Bhavan), Behind Badshah Villa, Thaltej |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
OF ASSETS AND LIABILITIES
(MR.
HARESH DINESHCHANDRA SHAH)
(RS. IN MILLIONS)
DETAILS OF ASSETS
IMMOVABLE PROPERTY
|
Assets |
Own/ Joint Name |
Area |
Freehold or
Leasehold |
Location Address
|
Present Market
Value |
|
|
|
|
|
|
|
|
Land |
Joint |
200373 sq. Mtr |
Freehold |
Dharison Ta Dehgam District Gandhingar |
250.000 |
|
Residential Flat |
Owned |
-- |
Freehold |
301, Snow Drops Swastik Society Navarangpura, Ahmedabad |
10.000 |
|
Total |
260.000 |
||||
JEWELLERY
|
Quantity |
Valuation |
|
Gold and Silver |
0.500 |
CAPITAL INVESTED
IN BUSINESS
|
Share Capital in Private Limited |
0.100 |
OTHER INVESTMENTS
/ ASSETS
|
Cash and Bank Balance |
0.155 |
|
Loans and Advances |
1.000 |
DETAILS OF
LIABILITIES
|
Borrowed from |
Amount of Loan |
Outstanding Balance |
|
|
|
|
|
ICICI Housing Loan |
2.500 |
2.319 |
|
ICICI Housing Loan |
2.000 |
1.823 |
|
ICICI Housing Loan |
0.900 |
0.844 |
|
HDFC Car Loan |
0.200 |
0.025 |
|
|
|
|
|
Total |
|
5.011 |
LEGAL HEIRS/
FAMILY PARTICULARS
|
Name |
Occupation |
Relation |
Age Years |
Marital Status |
Address |
|
Meenaben H. Shah |
House Wife |
Wife |
46 |
Married |
301, Snow Drops Swastik Society Navarangpura, Ahmedabad |
|
Maitry H. Shah |
Service |
Daughter |
22 |
Unmarried |
301, Snow Drops Swastik Society Navarangpura, Ahmedabad |
|
Shivanio H. Shah |
Study |
Daughter |
16 |
Unmarried |
301, Snow Drops Swastik Society Navarangpura, Ahmedabad |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
OF ASSETS AND LIABILITIES
(MR.
KAUSHIK H. GAJJAR)
(RS. IN MILLIONS)
DETAILS OF ASSETS
IMMOVABLE PROPERTY
|
Assets |
Own/ Joint Name |
Freehold or
Leasehold |
Location Address
|
Present Market
Value |
|
|
|
|
|
|
|
Hospital |
Owned |
Freehold |
4, Shussurat Apartment, Ramnagar Sabarmati, Ahmedabad – 380013,
Gujarat, India |
27.650 |
|
Residential |
Joint |
Freehold |
C/50, Sardar Patel Colony, Near Swastik Highschool, Usmanpura,
Ahmedabad – 380013, Gujarat, India |
20.00 |
|
|
|
|
|
|
|
Total |
|
47.650 |
||
MOVABLE PROPERTY
SHARES
/ DEBENTURES / MUTUAL FUND ETC.
|
Name of Company |
Current Market
Value |
|
Shares and Bonds |
1.585 |
INVESTMENT
IN GOVT. SECURITIES LIKE BONDS / PPF/ NSC / KVP /IVP ETC.
|
Bond/
Certificate No. |
Maturity
Amount |
|
Government Bonds |
0.288 |
VEHICLES
|
Type of Vehicles
|
Present Value |
|
Vehicles |
0.647 |
JEWELLERY
|
Quantity |
Valuation |
|
Gold and Silver |
0.500 |
|
Others |
0.000 |
CAPITAL INVESTED
IN BUSINESS
|
Share Capital in Private Limited |
0.100 |
OTHER INVESTMENTS /
ASSETS
|
Cash and Bank Balance |
0.850 |
|
Furniture and Fixtures |
0.550 |
DETAILS OF
LIABILITIES
LEGAL HEIRS/
FAMILY PARTICULARS
|
Name |
Occupation |
Relation |
Age Years |
Marital Status |
Address |
|
Rajulben K. Gajjar |
House Wife |
Wife |
51 |
Married |
C/50, Sardar Patel Colony, Near Swastik Highschool, Usmanpura,
Ahmedabad – 380013, Gujarat, India |
|
Kushaniben K. Gujjar |
Study |
Daughter |
22 |
Unmarried |
C/50, Sardar Patel Colony, Near Swastik Highschool, Usmanpura,
Ahmedabad – 380013, Gujarat, India |
|
Parth K. Gujjar |
Study |
Son |
26 |
Unmarried |
C/50, Sardar Patel Colony, Near Swastik Highschool, Usmanpura,
Ahmedabad – 380013, Gujarat, India |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
OF ASSETS AND LIABILITIES
(MR.
RAMESHBHAI M. DESAI)
(RS. IN MILLIONS)
DETAILS OF ASSETS
IMMOVABLE PROPERTY
|
Assets |
Own/ Joint Name |
Area |
Freehold or
Leasehold |
Location Address
|
Present Market
Value |
|
|
|
|
|
|
|
|
NA Plot of Land |
Joint |
66155 Sq. mtrs |
Freehold |
S. No.404+405+406+407+408, 409, 412, 413 and 414 |
125.000 |
MOVABLE PROPERTY
OTHER INVESTMENTS
/ ASSETS
|
Car |
0.700 |
|
Cash and Bank Balance |
0.050 |
DETAILS OF
LIABILITIES
|
Borrowed from |
Purpose of Loan |
Amount of Loan |
Security |
Repayment terms |
Outstanding
Balance |
|
|
|
|
|
|
|
|
HDFC Bank Limited |
Car Loan |
0.600 |
Car |
72 Months |
0.325 |
|
|
|
|
|
|
|
LEGAL HEIRS/
FAMILY PARTICULARS
|
Name |
Occupation |
Relation |
Age Years |
Marital Status |
Address |
|
Ramilaben R. Desai |
House Wife |
Wife |
34 |
Married |
31-A, Tulip Bungalows 1, Near Someshwar Circle, Drive-in Road, Thaltej, Ahmedabad, Gujarat, India |
|
Pruthviraj R. Desai |
Study |
Son |
8 |
Unmarried |
31-A, Tulip Bungalows 1, Near Someshwar Circle, Drive-in Road, Thaltej, Ahmedabad, Gujarat, India |
|
Aviraj R. Desai |
-- |
Son |
2 |
Unmarried |
31-A, Tulip Bungalows 1, Near Someshwar Circle, Drive-in Road, Thaltej, Ahmedabad, Gujarat, India |
------------------------------------------------------------------------------------------------------------------------------
AASHKA HOSPITALITY PRIVATE LIMITED
|
Name : |
AASHKA HOSPITALITY
PRIVATE LIMITED |
|
Address : |
Ground Floor, Shreyashrayam, Behind DA-IICT, Sargasan Road, Sargasan – 382421, Gujarat, India |
|
CIN No.: |
U55101GJ2002PTC041020 |
|
Com. Reg. No.: |
04-041020 |
|
Tel No.: |
91-79-23226797 |
|
Email : |
|
|
Financial Institute : |
Religare Finvest Limited D3, P3B, District Centre, Saket, New Delhi – 110017, India |
|
Authorized Capital : |
Rs.1.000 Million |
|
Paid up Capital |
Rs.0.100 Million |
|
Directors : |
· Bipinchandra Dineshbhai Shah · Haresh Dineshchandra Shah |
|
Auditors : |
Parimal S. Shah and Company 104/105B, Anand Chambers, Above Under Bridge Opposite Muktajivan Color Lab, Navrangpura, Ahmadabad – 380009, Gujarat, India PAN No.: ABIPS9324C Tel No.: 91-79-40370601 Fax No.: 91-79-26460442 |
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
9.415 |
8.256 |
5.618 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1)+(2) |
9.515 |
8.356 |
5.718 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
17.756 |
12.345 |
3.315 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
0.086 |
1.114 |
0.920 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
17.842 |
13.459 |
4.235 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
1.032 |
2.736 |
2.281 |
|
(c)
Other current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term provisions |
0.148 |
0.086 |
0.074 |
|
Total Current
Liabilities (4) |
1.180 |
2.822 |
2.355 |
|
|
|
|
|
|
TOTAL |
28.537 |
24.637 |
12.308 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
8.441 |
9.472 |
10.544 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.224 |
0.201 |
0.166 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.007 |
|
Total Non-Current
Assets |
8.665 |
9.673 |
10.717 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1.497 |
0.896 |
0.896 |
|
(c)
Trade receivables |
0.026 |
0.026 |
0.036 |
|
(d) Cash
and cash equivalents |
0.146 |
0.125 |
0.124 |
|
(e)
Short-term loans and advances |
0.289 |
0.254 |
0.535 |
|
(f)
Other current assets |
17.914 |
13.663 |
0.000 |
|
Total
Current Assets |
19.872 |
14.964 |
1.591 |
|
|
|
|
|
|
TOTAL |
28.537 |
24.637 |
12.308 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
5.774 |
8.037 |
7.333 |
|
|
|
Other Income |
0.000 |
0.000 |
0.005 |
|
|
|
TOTAL (A) |
5.774 |
8.037 |
7.338 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
0.601 |
0.000 |
0.000 |
|
|
|
Changes in Inventories of Finished Goods |
(0.601) |
0.000 |
1.333 |
|
|
|
Employee Benefits Expenses |
2.094 |
1.691 |
0.000 |
|
|
|
Other Expenses |
1.152 |
1.086 |
0.811 |
|
|
|
TOTAL (B) |
3.246 |
2.777 |
2.144 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2.528 |
5.260 |
5.194 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.010 |
0.008 |
0.021 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.518 |
5.252 |
5.173 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.031 |
1.183 |
1.194 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.487 |
4.069 |
3.979 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.327 |
1.432 |
0.306 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1.160 |
2.637 |
3.673 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
115.98 |
263.74 |
367.26 |
|
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
PART – 1 QUESTIONNAIRE
GENERAL DETAILS
|
Purpose for which valuation is made |
To ascertain the fair present market value (For Project approval BOI Ellisbridge Branch) |
|
|
|
|
Date on which valuation is made |
06/04/2013 |
|
|
|
|
Name of the owner/owners |
M/s. Aashka Hospitality Private Limited Authorised Director:-Mr. Hareshbhai D. Shah, Managed By:-Mr. Bipinbhai Shah T. N. 9825016153 |
|
|
|
|
If the property is under joint ownership/Co-ownership, share of each
owners, Are the shares undivided? |
Private Limited Company Owner |
|
|
|
|
Brief description of the property |
Hospital Project (Under Construction) |
|
|
|
|
Location, street, ward No. |
'AASHKA HOSPITAL' Sargasan--Koba Circle Road, Near Dhirubhai Ambani Institute, Sargasan, GUDA, Gandhinagar |
|
|
|
|
Survey I Plot No. of land |
Survey Plot No. 168/1 P., 168/2
P, (North Side) Moje Sargasan Sim, Taluka Gandhinagar, District:-Gandhinagar. |
|
|
|
|
[s the property situated in residential/ commercial/ mixed area/
industrial area |
Commercial/ Residential Area |
|
|
|
|
Classification of locality-High Class/ Middle Class/ Poor Class |
Higher Middle Class |
|
|
|
|
Proximity to civil amenities like schools, hospitals, office, market,
cinema, etc. |
Within 2 km. (available nearby) |
|
|
|
|
Means and proximity to surface communication
by which the locality is serves. |
Surface communications by private vehicles and buses. |
|
|
|
|
LAND |
|
|
Area of land supported by documentary proof Shape, dimensions and
physical features |
3,060 sq. mts. – Total (2005 sq. mts.-168/lP + 1055 sq. Mts. 168/2P) (2-Documents-Regd. No. 3217 and 3216 dtd. 4-8-2002 resply.) |
|
|
|
|
Road, streets or lanes on which the land is abutting. |
Sargasan-Koba Circle Road |
|
|
|
|
Is it freehold or leasehold land? |
Free Hold |
|
|
|
|
IMPROVEMENTS |
|
|
Furnish technical details of the building on a separate sheet. |
Only land valuation is done Construction in Progress |
|
|
|
|
Is the building owner-occupied/ tenanted / both |
Owner-occupied. |
|
|
|
|
What is the floor-space-index permissible and percentage actually
utilized? |
1.8 |
|
|
|
|
SALES
|
|
|
Give instances of sales of immovable property, in the locality on a separate
sheet, indicating the name and address of the property, registration no.,
sale price and area of land sold. |
On inquiring from surrounding area |
|
|
|
|
Land rate adopted in this valuation |
Rs.45,000/- per sq.mt. |
|
|
|
|
If sale instances are not relied upon the basis of arriving at the
land rate. |
On inquiring from surrounding area |
|
|
|
|
LAND On inquiring from surrounding area, the current market rate of this land, rate as Rs.45,000/-
per sq. mt. including the development cost and the area is 3,060 sq. mts. The value of the land comes to Rs.137.700 Millions It can fetch Rs.110.000 Millions - if sale takes place under distress
and it; realizable value is Rs.22.500 Millions with vacant possession. |
|
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.61.33 |
|
|
1 |
Rs.100.79 |
|
Euro |
1 |
Rs.84.38 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
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 |
3 |
|
FINANCIAL CONDITION |
|
0 |
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.