MIRA
INFORM REPORT
|
Report Date : |
29.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
METALMAN AUTO PRIVATE LIMITED |
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Registered
Office : |
E-127, Focal Point, Phase 4, Ludhiana - 141010, Punjab |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
03.01.2000 |
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Com. Reg. No.: |
16-023231 |
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Capital
Investment / Paid-up Capital : |
Rs. 26.000
Millions |
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|
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CIN No.: [Company Identification
No.] |
U34103PB2000PTC023231 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
NSKM02321E |
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PAN No.: [Permanent Account No.] |
AABCM5441M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing and Selling of Auto Parts. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1750000 |
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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. Financial position of the company seems to be decent. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct and as per commitments. The company can be considered for normal business dealing at usual
trade terms and conditions. |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects positive
impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab Emirates
().98 million) and Malaysia ().82 million) emerged as the preferred holidays
hotspots for Indians. The total figure is expected to increase to 1.93 million
by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: “BBB” |
|
Rating Explanation |
Have adequate degree of safety and carry moderate credit risk. |
|
Date |
14.04.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: “A3” |
|
Rating Explanation |
Have moderate degree of safety and carry low credit risk. |
|
Date |
14.04.2014 |
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 DECLINED BY
|
Name : |
Mr. P.P. Joshi |
|
Designation : |
Finance Manager |
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Contact No.: |
91-240-2554367 |
|
Date : |
26.04.2014 |
LOCATIONS
|
Registered Office : |
E-127, Focal Point, Phase 4, Ludhiana - 141010, Punjab, India |
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Tel. No.: |
91-161-4696666 |
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Fax No.: |
91-161-4696611 / 4696622 |
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E-Mail : |
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Website : |
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Factory 1 : |
B-30/31, M.I.D.C, Waluj, Aurangabad - 431136, Maharashtra, India |
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Tel. No.: |
91-240-2554367 / 2556573 / 2556574 |
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Fax No.: |
91-240-2555906 |
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Factory 2 : |
Shed No. S 4/1,
Sector I, Pithampur District Dhar - 454775, Madhya Pradesh, India |
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Tel. No.: |
91-7292-329696 /
403436 |
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Fax No.: |
91-7292-253536 |
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Factory 3 : |
Plot No.116, Sector 3, Pithampur, District Dhar - 454775, Madhya
Pradesh, India |
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Tel. No.: |
91-7292-329494 / 503586 |
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Fax No.: |
91-7292-256229 |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Navneet Jairath |
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Designation : |
Managing Director |
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Address : |
20-J, Sarabha Nagar, Ludhiana, Punjab, India |
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Date of Birth/Age : |
24.01.1950 |
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Date of Appointment : |
01.04.2010 |
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PAN No.: |
ABMPJ9083D |
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DIN No. : |
01620652 |
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Other Directorship
:
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Name : |
Mr. Shekhar Thorat |
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Designation : |
Whole-Time Director |
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Address : |
10, Chanakya Puri, Shahnoor Wadi, Aurangabad, Maharashtra, India |
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Date of Birth/Age : |
27.04.1959 |
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Date of Appointment : |
01.07.2006 |
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PAN No. : |
AARPT3886C |
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DIN No. : |
01649621 |
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Other Directorship
:
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Name : |
Mr. Sachin Bembi |
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Designation : |
Executive Director |
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Address : |
23-J, Sarabha Nagar, Ludhiana, Punjab, India |
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Date of Birth/Age : |
30.09.1976 |
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Date of Appointment : |
01.04.2010 |
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PAN No. : |
AASPB0164C |
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DIN No. : |
01654848 |
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Other Directorship
:
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Name : |
Mr. Bikramjit Bembi |
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Designation : |
Chairman / Director |
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Address : |
23-J, Sarabha Nagar, Ludhiana, Punjab, India |
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Date of Birth/Age : |
08.05.1950 |
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Date of Appointment : |
01.04.2010 |
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PAN No. : |
ABJPB4786C |
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DIN No. : |
01677152 |
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Other Directorship
:
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Name : |
Mr. Nishant Jairath |
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Designation : |
Executive Director |
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Address : |
20-J, Sarabha Nagar, Ludhiana, Punjab, India |
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Date of Birth/Age : |
22.10.1983 |
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Date of Appointment : |
01.04.2010 |
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PAN No. : |
ADOPJ6538R |
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DIN No. : |
01682658 |
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Other Directorship
:
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KEY EXECUTIVES
|
Name : |
Mr. P.P. Joshi |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Navneet Jairath |
453000 |
17.42 |
|
Bikramjit Bembi |
437500 |
16.83 |
|
N.K.J. HUF |
125000 |
4.81 |
|
B.B.HUF |
55000 |
2.12 |
|
Navita Jairath |
265000 |
10.19 |
|
Savita Bembi |
390000 |
15.00 |
|
Sachin Bembi |
263000 |
10.12 |
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Nishant Jairath |
340500 |
13.10 |
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Sonia Bembi |
154500 |
5.94 |
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Nisha Jairath |
116500 |
4.48 |
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TOTAL
|
2600000 |
100.00 |
Allottees as on 30.01.2014
|
Names of Allottees |
|
No. of Shares |
|
Navneet Jairath |
|
8876 |
|
Navneet Jairath HUF |
|
17752 |
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Bikramjit Bembi |
|
8876 |
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Bikramjit Bembi HUF |
|
17752 |
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Navita Jairath |
|
2959 |
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Savita Bembi |
|
2959 |
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TOTAL
|
|
59174 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Selling of Auto Parts. |
GENERAL INFORMATION
|
Customers : |
· Bajaj Mahindra Tacle Volvo Lear Corporation Case Construction VE Commercial Vehicles |
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No. of Employees : |
Not Divulged |
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Bankers : |
· IDBI Bank Limited, S.C.O. 126-128, Kalinga Tower, Feroze Gandhi Market, Ludhiana, Punjab - 141001, India Citibank N.A, Elc Dept, Ludhiana Stock Exchange Building,
Ground Floor, Feroze Gandhi Market, Ludhiana, Punjab - 141001, India State Bank of India, Specialised Commercial Branch, Pahwa
Hospital Complex, Miller Ganj, Ludhiana-141001, Punjab, India State Bank of India, Industrial Finance Branch, Golden
Tower, Dholewal Chowk, Ludhiana - 141003, Punjab, India State Bank of India, Overseas Branch, Ludhiana - 141003,
Punjab, India HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg,
Lower Parel (West), Mumbai - 400013, Maharashtra, India |
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Facilities : |
NOTE: SHORT TERM
BORROWINGS: Loans repayable on demand from banks are secured by first charge on all the current assets of company and second charge on all the fixed assets of the company. Short term borrowing from others under PO finance from Bajaj Finance Limited. have been guaranteed by the Company's major Customer Bajaj Auto Limited under a Tripartite agreement. The company has authorised Bajaj Auto Limited to pay any money lying to the credit of company's account during the currency of credit facilities provided by BFL Under Pre-Shipment Finance maintained by the company to Bajaj Finance Limited (BFL) |
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Banking
Relations : |
-- |
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|
|
Financial Institution: |
Bajaj Finance Limited, Akurdi Pune, Pune - 411035, Maharashtra, India |
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Auditors : |
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|
Name : |
S.C. Vasudeva and Company Chartered Accountants |
|
Address : |
B-XIX-220, Rani Jhansi Road, Ghumar Mandi, Ludhiana - 141001, Punjab,
India |
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Income-tax
PAN of auditor or auditor's firm : |
AABFS5902N |
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|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives: |
· National Industries Campbell international Metalman Micro Tuner |
CAPITAL STRUCTURE
After 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Millions |
|
2,000,000 |
Preference Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 50.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,659,174 |
Equity Shares |
Rs.10/- each |
Rs. 26.592 Millions |
|
|
|
|
|
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Millions |
|
2,000,000 |
Preference Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 50.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,600,000 |
Equity Shares |
Rs.10/- each |
Rs. 26.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOTE: FINANCIAL
DETAILS FILE ATTACHED
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
26.000 |
26.000 |
26.000 |
|
Reserves & Surplus |
293.830 |
353.202 |
411.838 |
|
Net
worth |
319.830 |
379.202 |
437.838 |
|
|
|
|
|
|
long-term borrowings |
96.113 |
173.650 |
244.102 |
|
Short term borrowings |
159.743 |
217.350 |
242.361 |
|
Total
borrowings |
255.856 |
391.000 |
486.463 |
|
Debt/Equity
ratio |
0.800 |
1.031 |
1.111 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
2235.166 |
2579.765 |
2514.618 |
|
|
|
15.417 |
-2.525 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
2235.166 |
2579.765 |
2514.618 |
|
Profit |
47.387 |
59.372 |
58.636 |
|
|
2.12% |
2.30% |
2.33% |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10486183 |
21/03/2014 |
50,000,000.00 |
IDBI BANK LIMITED |
S.C.O. 126-128, KALINGA TOWER, FEROZE GANDHI MARKET, LUDHIANA, PUNJAB - 141001, INDIA |
C00940916 |
|
2 |
10295891 |
01/06/2011 |
80,000,000.00 |
CITIBANK N.A |
ELC DEPT, LUDHIANA STOCK EXCHANGE BUILDING, GROUND FLOOR, FEROZE GANDHI MARKET, LUDHIANA, PUNJAB - 141001, INDIA |
B16440810 |
|
3 |
10146691 |
27/04/2013 * |
467,600,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, GOLDEN TOWER, DHOLEWAL CHOWK, LUDHIANA, PUNJAB - 141003, INDIA |
B74878026 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Deferred sales tax loan |
16.661 |
19.555 |
|
Loans and advances from directors |
35.241 |
30.513 |
|
Loans and advances from others |
40.948 |
62.601 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Loans repayable on demand from others |
140.000 |
140.000 |
|
Total |
232.850 |
252.669 |
CORPORATE
INFORMATION
The Company is a private limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956 on 16th May, 1986. The company is engaged in the manufacturing and selling of Auto Parts. The company caters to both domestic and international market.
FIXED ASSETS
Tangible Assets
Land
Buildings
Plant
and Equipment
Furniture
and Fixtures
Vehicles
Motor
Vehicles
Office
Equipment
Computer
Equipments
Other
Equipments
Intangible Assets
Computer
Software
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.61.12 |
|
|
1 |
Rs.102.71 |
|
Euro |
1 |
Rs.84.52 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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 |
|
50 |
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.