|
Report Date : |
22.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
MAXMECH EQUIPMENTS PRIVATE LIMITED |
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Registered Office : |
7611, GIDC Estate, Phase-IV, Vatva, Ahmedabad-382445, |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
30.11.2006 |
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Com. Reg. No.: |
04-049494 |
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Capital Investment
/ Paid-up Capital : |
Rs.5.000 Millions |
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CIN No.: [Company
Identification No.] |
U29249GJ2006PTC049494 |
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IEC No.: |
0806015900 |
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PAN No.: [Permanent
Account No.] |
AAFCM8747R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and Exporter of Road Construction Equipments and
Concreting Equipments. |
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No. of Employees
: |
225 [Approximately] |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (45) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 100000 |
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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 record.
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. Current year profit and loss account is not available. |
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 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
INFORMATION PARTED BY
|
Name : |
Mr. Rakesh Joshi |
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Designation : |
Marketing Manager |
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Contact No.: |
91-9825603393 |
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Date : |
11.01.2013 |
LOCATIONS
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Registered Office / Factory 1 : |
7611, GIDC Estate, Phase-IV, Vatva, Ahmedabad-382445, |
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Tel. No.: |
91-79-25841985 / 25841143 / 25840930 |
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Mobile No.: |
91-9909947588 (Mr. Rakesh Joshi) |
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Fax No.: |
91-79-25840053 / 25841143 |
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E-Mail : |
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Website : |
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Area : |
2500 Sq. Ft. |
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Location : |
Owned |
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Factory 2 : |
Plot No. 229, Village Varsola, |
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Area : |
32000 Sq. Ft. |
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Location : |
Owned |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Jayantilal Narandas Surelia |
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Designation : |
Director |
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Address : |
29, |
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Date of Birth/Age : |
06.10.1954 |
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Qualification : |
B.E |
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Date of Appointment : |
30.11.2006 |
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DIN No.: |
00808305 |
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Name : |
Mr. Nikul Jayantilal Surelia |
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Designation : |
Director |
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Address : |
29, |
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Date of Birth/Age : |
03.09.1984 |
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Qualification : |
B.M.A |
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Date of Appointment : |
30.11.2006 |
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DIN No.: |
00808311 |
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Name : |
Mr. Nandish Jayantilal Surilia |
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Designation : |
Director |
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Address : |
29, |
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Date of Birth/Age : |
03.09.1984 |
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Qualification : |
B.M |
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Date of Appointment : |
30.11.2006 |
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DIN No.: |
00808314 |
KEY EXECUTIVES
|
Name : |
Mr. Rakesh Joshi |
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Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Jayantilal N Surelia |
169999 |
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Nikul J Surelia |
170000 |
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Nandish J. Surelia |
160000 |
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Jayantilal N Surelia (HUF) |
1 |
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TOTAL
|
500000 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Road Construction Equipments and
Concreting Equipments. |
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Products : |
Road Construction Equipments
§
Hydraulic Sweeping Machine (Broomer) §
Wet Mix Macadam Plant §
Slip form Curbing Machine Concreting Equipments §
Concrete Batching Mixing/ Plant §
Mobile Concrete Batching / Mixing Plant §
Mobile Cement / Flyash Silo §
Truck Mounted Concrete Batching Mixing Plant §
Concrete Batching Mixing Plant Of Higher
Capacities §
Cement and Fly Ash Silo §
Transit Mixer §
Concrete Lining Paver |
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Exports : |
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Products : |
Construction and Concreting Equipments |
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Countries : |
·
Afghanistan ·
Gulf Countries ·
Oman ·
Bhutan ·
Bangladesh ·
Tajikistan ·
Senegal ·
Iraq |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
·
Europe |
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Terms : |
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Selling : |
L/C, Cash, Credit |
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Purchasing : |
L/C, Cash, Credit |
GENERAL INFORMATION
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Suppliers : |
·
IVRCL Limited |
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Customers : |
Contractors and Builders
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No. of Employees : |
225 (Approximately) |
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Bankers : |
Union Bank of |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Pradeep R Shah and Company Chartered Accountant |
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Address : |
203, Aakanksha, 2nd Floor, Near Navrangpura Railway
Crossing, Navrangpura, Ahmedabad-380009, Gujarat, India |
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Tel. No.: |
91-79-26466575 / 26569342 |
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E-Mail : |
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PAN No.: |
AAKFP1232H |
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Sister Concern : |
Mad Mach Engineering Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000
Millions |
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NOTES
A)
DISCLOSURE FOR EACH CLASS OF SHARES
|
EQUITY SHARE
CAPITAL |
31.03.2012 |
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AUTHORISED CAPITAL |
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No of Shares |
500,000 |
|
Rs. In Millions |
5.000 |
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ISSUED SUBSCRIBED AND PAID UP CAPITAL |
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|
No of Shares |
500,000 |
|
Rs. In Millions |
5.000 |
CONDITIONS FOR SHARES
VOTING RIGHTS
The Company has
only one class of shares referred to as equity shares having a par value of Rs.
10. Each holder of equity shares is entitled to one vote per share.
DIVIDEND RIGHTS
The Company
declares and pays dividends in Indian rupees. The dividend proposed, if any, by
the Board of Directors is subject to the approval of the shareholders in the
ensuing Annual General Meeting.
In the event of
liquidation of the Company, the holders of equity share will be entitled to receive
remaining assets of the company after distribution of all preferential amounts.
The distribution will be in proportion to the number of equity shares held by
the share holders
B)
RECONCILIATION OF
NUMBER OF SHARES
|
TYPE OF SHARES |
AS AT 01.04.2011 |
AS AT 31.03.2012 |
|
Equity Shares |
500,000 |
500,000 |
C)
DISCLOSURE FOR
SHARE HOLDERS HOLDING MORE THAN 5% OF SHARES OF TOTAL SHARE CAPITAL
|
NAME OF SHARE HOLDER |
NO OF EQUITY SHARES |
% HOLDING (EQUITY SHARES) |
|
Jayantibhai Sureliya |
169,999 |
34.00% |
|
Nikul Sureliya |
170,000 |
34.00% |
|
Nandish Sureliya |
160,000 |
32.00% |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
5.000 |
5.000 |
5.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
20.149 |
16.187 |
21.220 |
|
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
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NETWORTH |
25.149 |
21.187 |
26.220 |
|
|
LOAN FUNDS |
|
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|
|
1] Secured Loans |
23.001 |
27.049 |
22.182 |
|
|
2] Unsecured Loans |
99.750 |
88.379 |
91.667 |
|
|
TOTAL BORROWING |
122.751 |
115.428 |
113.849 |
|
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DEFERRED TAX LIABILITIES |
4.344 |
5.034 |
0.000 |
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TOTAL |
152.244 |
141.649 |
140.069 |
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APPLICATION OF FUNDS |
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|
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FIXED ASSETS [Net Block] |
62.627 |
60.519 |
59.129 |
|
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Capital work-in-progress |
0.000 |
6.844 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
93.997
|
105.570 |
89.574
|
|
|
Sundry Debtors |
33.544
|
22.312 |
31.956
|
|
|
Cash & Bank Balances |
4.690
|
1.657 |
0.399
|
|
|
Other Current Assets |
0.075
|
0.080 |
1.060
|
|
|
Loans & Advances |
16.453
|
15.695 |
7.449
|
|
Total
Current Assets |
148.759
|
145.314 |
130.438 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
47.025
|
61.826 |
44.627
|
|
|
Other Current Liabilities |
4.224
|
3.688 |
0.000
|
|
|
Provisions |
7.893
|
5.514 |
5.006
|
|
Total
Current Liabilities |
59.142
|
71.028 |
49.633 |
|
|
Net Current Assets |
89.617
|
74.286 |
80.805
|
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|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.135 |
|
|
|
|
|
|
|
|
TOTAL |
152.244 |
141.649 |
140.069 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
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SALES |
|
|
|
|
|
|
|
Income |
300.000 Approximately |
233.961 |
191.107 |
|
|
|
Other Income |
|
NA |
NA |
|
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TOTAL |
|
NA |
NA |
|
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|
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|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
248.207 |
33.099 |
|
|
|
Administrative Expenses |
|
|
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|
|
Advertising Expenses |
|
|
|
|
|
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TOTAL |
|
248.207 |
33.099 |
|
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|
PROFIT / (LOSS)
BEFORE TAX |
|
1.565 |
10.894 |
|
|
|
|
|
|
|
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Less |
TAX |
|
6.598 |
3.950 |
|
|
|
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|
PROFIT / (LOSS)
AFTER TAX |
|
(5.033) |
6.944 |
|
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|
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|
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|
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|
EXPORT VALUE |
|
9.652 |
12.000 |
|
|
|
|
|
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|
IMPORTS VALUE |
|
17.621 |
9.852 |
|
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|
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|
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|
|
|
Earnings Per
Share (Rs.) |
|
(10.07) |
13.89 |
|
Expected Sales (2012-2013) : Rs. 500.000 Millions
The above information has been parted by Mr. Rakesh Joshi.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
0.67 |
5.70 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
0.76 |
5.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.07 |
0.42 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
7.41
|
9.04 |
6.24 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.52
|
2.05 |
2.63 |
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 |
Yes |
|
12] |
Profitability for last
two years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming financial
year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE
The Registered office of the company has been shifted from Plot No. 2102,
GIDC Estate, Phase – IV, Vatva, Ahmedabad-382445,
BUSINESS
OPERATIONS AND FINANCE PERFORMANCE
During the year sales was slightly on lower side as compared to last
year. However, due to cost reduction measures adopted by the Company there has
been an increase in Profitability. The Directors hopeful of good business
during the current year as well.
FORM 8
|
Corporate identity
number of the company |
U29249GJ2006PTC049494 |
|
Name of the
company |
MAXMECH EQUIPMENTS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
7611, GIDC Estate, Phase-IV, Vatva, Ahmedabad-382445, |
|
This form is for |
Modification of
Charge |
|
Charge
identification number of the charge to be modified |
10068223 |
|
Type of charge |
Book Debts Movable Property |
|
Particular of charge
holder |
Union Bank of |
|
Nature of
instrument creating charge |
Supplementary
Deed To Hypothecation Deed |
|
Date of
instrument Creating the charge |
11.05.2011 |
|
Amount secured by
the charge |
Rs. 55.632
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest -- Terms of repayment Terms and Conditions
in respect of Terms of Repayment shall continue to apply and subsist as per
principal as well supplemental Hypothecation Deed. Margin Terms and
Conditions in respect of Margin shall continue to apply and subsist as per
principal as well supplemental Hypothecation Deed. Extent and operation of the charge Charge operates
as a first charge on company's moveable property like Goods, assets and Book
debts, to secure various fund based and non fund Based credit facilities
aggregating to Rs.55.632 Millions. |
|
Short particulars
of the property charged (Including location of the property) |
Short particulars
of the property or asset(s) |
|
Date of
instrument modifying the charge |
29.04.2010 |
|
Particulars of
the present modification |
The Charge created
on Hypothecated property and Book debts, shall be further extended and shall
also be a continuing security to secure the further Aggregate limit of
Rs.55.632 Millions, together with interest, additional interest, penal
interest, commission, premia on prepayment, costs, charges, expenses and all
other monies payable by the Borrowers to the Bank. |
TRADE REFERENCES
·
IVRCL Limited
FIXED ASSETS
·
Building
·
Computer
·
Electrical Installations
·
Furniture
·
Factory Land
·
Motor Cars
·
Plant and Machinery
·
Office Equipments
·
Staff Buses and Loading
Vehicles
·
Scooter
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. 53.87 |
|
|
1 |
Rs. 85.52 |
|
Euro |
1 |
Rs. 71.77 |
INFORMATION DETAILS
|
Information Gathered
by : |
PLK |
|
|
|
|
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
45 |
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.