MIRA INFORM REPORT
|
Report Date : |
24.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
TAPTI SPINNERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Building No.109, Mommadpura, Bahadarpur Road, Burhanpur –
450331, Madhya Pradesh |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2012 |
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|
Date of
Incorporation : |
24.02.2009 |
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Com. Reg. No.: |
10-021651 |
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Capital
Investment / Paid-up Capital : |
Rs.1.200 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17124MP2009PTC021651 |
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|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Manufacturer, Exporter of Edible Oil Allied
Products, Yarns Threads. |
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 49000 |
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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 a satisfactory track record.
The performance of the company seems to be good. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct and as per commitment. The company can be considered for normal 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 : |
Building No.109, Mommadpura, Bahadarpur Road, Burhanpur –
450331, Madhya Pradesh, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Kamal Govind Bhattad |
|
Designation : |
Director |
|
Address : |
House No.109, Mommad Pura, Bahadarpur Road, Burhanpur – 450331,
Madhya Pradesh, India |
|
Date of Birth/Age : |
20.12.1983 |
|
Date of Appointment : |
24.02.2009 |
|
DIN No.: |
02517105 |
|
|
|
|
Name : |
Mr. Harish Govind Bhattad |
|
Designation : |
Director |
|
Address : |
H. No.109, W No.21, C/O Nand Lal Vithal Das and Co.,
Bahadarpur Road, Burhanpur – 450331, Madhya Pradesh, India |
|
Date of Birth/Age : |
20.07.1982 |
|
Date of Appointment : |
24.02.2009 |
|
DIN No.: |
02535539 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Harish Govin Bhattad |
|
5000 |
|
Kamal Govind Bhattad |
|
5000 |
|
Govin Bhattad |
|
20000 |
|
Chaturbhuj Bhattad |
|
20000 |
|
Rajkumari Bhattad |
|
20000 |
|
Mahesh Bhattad |
|
20000 |
|
Govind N Bhattad HUF |
|
20000 |
|
Ramesh N Bhattad HUF |
|
2000 |
|
Rajkumari R Bhattad |
|
2000 |
|
Bhagwati Chaturbhuj Bhattad |
|
6000 |
|
Total
|
|
120000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
58.33 |
|
Other top fifty shareholders |
|
41.67 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter of Edible Oil Allied
Products, Yarns Threads. |
PRODUCTION STATUS
As on 31.03.2011
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity # |
Actual
Production |
|
|
|
|
|
|
|
Ginning |
Quintals |
NA |
79200.00 |
26684.09 |
|
Crushing |
Quintals |
NA |
72000.00 |
19685.54 |
|
Pressing |
Quintals |
NA |
43554.78 |
82118.00 |
|
Spinning (Yarn) |
Kilograms |
NA |
80000.00@ |
21161.28 |
Notes:
# The capacities installed are as certified.
The capacities of Ginning, Crushing and Pressing are plant and machineries taken
on lease by the company whereas spinning plant and machineries are owned by the
company capacity of machinery installed and running during the year.
@ The Capacity of machinery installed and
running during the year. Capacity is based on single shift working
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
·
State Bank of Indore, Burhanpur Branch, 137,
Shah Bajar, Burhanpur - 450331, Madhya Pradesh, India |
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Facilities : |
(Rs.
In Millions)
Notes: TERM LOAN Security: Equitable mortgage
of diverted land situated at Khasra No.110/2, Village Mohammadpura Near
Central Warehouse, Bahadarpur Road, Burhanpur, Madhya Pradesh, India also
entire building, Plant and machinery, electrical fittings and other misc.
Fixed assets which is acquired through the term loan. Term of
Repayment: The term loan will be re-paid in 59 monthly installment of Rs.0.167
Million and last installments of Rs.0.147 Million CASH CREDIT
LIMIT Security: Hypothecation of entire stock of raw material and finished
goods including Raw Cotton, Lint, Cotton Seed, Cotton Seed Oil, Cotton Seed
Cake and Yarn, also the entire book debts of the company. All the directors
and related party have also given their personal guarantees. |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Pankaj Somaiya and Associates Chartered Accountants |
|
Address : |
Opposite Telephone Exchange, 124 Station Road, Burhanpur – 450331,
Madhya Pradesh, India |
|
PAN No.: |
AAJFP9146M |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.10/- each |
Rs.1.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120000 |
Equity Shares |
Rs.10/- each |
Rs.1.200
Millions |
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|
|
|
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 |
1.200 |
1.200 |
0.900 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
11.122 |
10.717 |
7.560 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
12.322 |
11.917 |
8.460 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
34.747 |
36.730 |
20.253 |
|
|
2] Unsecured Loans |
41.937 |
38.447 |
32.821 |
|
|
TOTAL BORROWING |
76.684 |
75.177 |
53.074 |
|
|
DEFERRED TAX LIABILITIES |
0.146 |
0.069 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
89.152 |
87.163 |
61.534 |
|
|
|
|
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APPLICATION OF FUNDS |
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|
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
18.654 |
21.431 |
0.043 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
14.032 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
65.690
|
62.102 |
42.267 |
|
|
Sundry Debtors |
10.074
|
4.942 |
4.181 |
|
|
Cash & Bank Balances |
0.533
|
1.606 |
0.256 |
|
|
Other Current Assets |
0.504
|
0.327 |
1.014 |
|
|
Loans & Advances |
1.282
|
1.266 |
6.479 |
|
Total
Current Assets |
78.083
|
70.243 |
54.197 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
6.101
|
3.221 |
5.615 |
|
|
Other Current Liabilities |
1.379
|
1.151 |
0.320 |
|
|
Provisions |
0.105
|
0.139 |
0.829 |
|
Total
Current Liabilities |
7.585
|
4.511 |
6.764 |
|
|
Net Current Assets |
70.498
|
65.732 |
47.433 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.026 |
|
|
|
|
|
|
|
|
TOTAL |
89.152 |
87.163 |
61.534 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
159.044 |
127.609 |
|
|
|
|
Other Income |
1.041 |
0.058 |
|
|
|
|
TOTAL (A) |
160.085 |
127.667 |
138.408 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
119.537 |
124.986 |
|
|
|
|
Purchased of stocks-in-trade |
22.550 |
5.298 |
|
|
|
|
Changes in inventories of finished goods Work-in-progress and
stock-in-trade |
(2.436) |
(19.836) |
|
|
|
|
Employee benefits expenses |
1.792 |
1.327 |
|
|
|
|
Other Expenses |
10.866 |
10.198 |
|
|
|
|
Prior Period Items |
(0.009) |
0.000 |
|
|
|
|
TOTAL (B) |
152.300 |
121.973 |
137.883 (Including
Financial Expenses) |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
7.785 |
5.694 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
4.541 |
2.322 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.244 |
3.372 |
0.525 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.658 |
2.707 |
0.005 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.586 |
0.665 |
0.520 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.181 |
0.208 |
0.161 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.405 |
0.457 |
0.359 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.817 |
0.360 |
0.001 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1.222 |
0.817 |
0.360 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.38 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.25 |
0.36 |
0.26 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.37 |
0.52 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.61 |
0.73 |
0.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.06 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.84 |
6.69 |
7.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
10.29 |
15.57 |
8.01 |
LOCAL AGENCY FURTHER INFORMATION
UNSECURED LOANS
DETAILS:
(Rs.
In Millions)
|
Unsecured Loan |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
|
|
|
|
LOANS AND
ADVANCES FROM RELATED PARTIES |
|
|
|
From Directors |
|
|
|
Harish Bhattad |
1.795 |
0.228 |
|
Kamal Bhattad |
0.843 |
0.608 |
|
|
|
0 |
|
From Others |
|
0 |
|
Ankita Bhattad |
0.581 |
0.514 |
|
Govind Nandlal Battad |
17.740 |
8.368 |
|
Nandlal Vithaldas and Company |
6.108 |
6.107 |
|
Rajkumari Govind Bhattad |
9.074 |
8.573 |
|
Tapti Oil Industries UL |
0.119 |
0.000 |
|
Chaturbhuj Nandlal Bhattad |
1.064 |
1.586 |
|
Mahesh Chaturbhuj Bhattad |
2.779 |
1.659 |
|
Ghanshyam Mohanlal |
0.000 |
2.076 |
|
Krishna Mohanlal |
0.000 |
2.076 |
|
Nisha Krishna |
0.000 |
2.047 |
|
Santosh Ghanshyam |
0.000 |
2.047 |
|
Gajanan Cotspin |
0.000 |
2.439 |
|
Tapti Oil Industries |
0.000 |
0.119 |
|
|
|
|
|
LOANS REPAYABLE
ON DEMAND |
|
|
|
HDFC Bank |
0.062 |
0.000 |
|
The Akola Janta Commercial Bank OD A/C |
1.772 |
0.000 |
|
Total |
41.937 |
38.447 |
|
Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
OVERVIEW
In the backdrop of General Slowdown in the textile
industry in current financial year, the company could not achieve its targeted
turnover as well as its targeted earnings and does not reflect the company
outfitted performance. However, due to the inherent strengths of the company
and quality manufacturing the company still performed and achieved gross
turnover of Rs.160.085 Millions resulting in growth of 25.39% over the previous
year and will continue this trend in near future.
FIXED ASSETS:
- Building
- Plant and
Machinery
- Weight Scale
- Electric
Installation
- Computer
Equipments
- Vehicles
- Motor
Vehicles
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.53.77 |
|
|
1 |
Rs.85.14 |
|
Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
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 |
NO |
|
--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.