MIRA
INFORM REPORT
|
Report Date : |
04.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
MAGUS CONSULTING PRIVATE LIMITED |
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Formerly Known
As : |
SHUKAL GRANITES PRIVATE LIMITED |
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Registered
Office : |
501, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
30.09.1996 |
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Com. Reg. No.: |
11-102965 |
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Capital
Investment / Paid-up Capital : |
Rs. 10.000 Millions |
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CIN No.: [Company Identification
No.] |
U14102MH1996PTC102965 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEM08277D |
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PAN No.: [Permanent Account No.] |
AADCM8351J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in Project Management Consulting Business. |
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No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. Management has failed to file the latest financials for FY 14, with
the statutory authorities. As per available, the company has reported consecutive losses leading
to accumulation of the same, in turn eroding the networth base. Hence, payment terms are reported as slow. However, business is
active. In view of weak liquidity and stretched financial profile, the company
can be considered for business dealings on a safe and secured 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.
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
NOT AVAILABLE
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
31-03-2014.
INFORMATION PARTED BY (PARTIAL DETAILS)
|
Name : |
Ms. Shanti |
|
Designation : |
Finance Department |
|
Contact No.: |
91-22-67354700 |
|
Date : |
03.12.2014 |
LOCATIONS
|
Registered Office : |
501, Neelyog Square, 5th Floor, Next to Ghatkopar Railway Station,
Ghatkopar (East), Mumbai – 400077, Maharashtra, India |
|
Tel. No.: |
91-22-67354700 / 01 |
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Mobile No.: |
91-9819956275 (Mr. Naresh ) |
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Fax No.: |
91-22-67354702 |
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E-Mail : |
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Website : |
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Delhi Office : |
BG6/133A, Paschim Vihar, New Delhi – 110063, India |
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E-Mail : |
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Branch Office : |
Located At: · Kalyan Bhiwandi Ghatkopar |
DIRECTORS
As on 29.09.2013
|
Name : |
Mr. Mayur Ratilal Suchak |
|
Designation : |
Managing Director |
|
Address : |
Shree Krishna House, Sivaji Path, New Station Road, Kalyan (West) –
421302, Thane, Maharashtra, India |
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Date of Birth/Age : |
04.06.1968 |
|
Date of Appointment : |
30.09.1996 |
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DIN No.: |
00065220 |
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Name : |
Mrs. Deepti Mayur Suchak |
|
Designation : |
Director |
|
Address : |
Shree Krishna House, Sivaji Path, New |
|
Date of Birth/Age : |
14.10.1970 |
|
Date of Appointment : |
12.09.2009 |
|
DIN No.: |
00093896 |
KEY EXECUTIVES
|
Name : |
Ms. Shanti |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Mayur Ratilal Suchak |
259392 |
25.94 |
|
Deepti Mayur Suchak |
55000 |
5.50 |
|
Magus Infratech Private Limited, India |
685608 |
68.56 |
|
Total |
314392 |
100.00 |
As on 29.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Project Management Consulting Business. |
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Exports : |
-- |
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Imports : |
-- |
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Terms : |
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Selling : |
-- |
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Purchasing : |
-- |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
· BSNL MSEDC Limited |
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Customers : |
· K. Raheja Corporation Aakruti City Limited Asmeeta Infratech Private Limited Dessan Infrastructure Private Limited Neogen Properties Private Limited. RJD Integrated Textile Park Limited Yogi Realty Private Limited Prathamesh Dream Properties Private Limited Ashra Realty AshraInfotech Renaissance Infrastructure Renaissance Estate RasayaniInfraware Renaissance Properties Prakhhyat Infra Project Private Limited Scenic Infra Private Limited |
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No. of Employees : |
Information declined by management |
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Bankers : |
· The Kalyan Janata Sahakari Bank Limited, ‘NIHARIKA’ Near Ice Factory, Opposite Railway Station, Kalyan (West), Thane – 421302, Maharashtra, India · Union Bank of India |
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Facilities : |
NOTE Working capital borrowings from banks are secured by way of hypothecation of receivables and pledge of fixed deposits of the company and a director and equitable mortgage of immovable properties of directors and personal guarantee of the directors. |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
BPL Associates Chartered Accountants |
|
Address : |
602 Neelyog Square, Above Inox Theatre, Opposite Ghatkopar Station, Ghatkopar (East), Mumbai – 400077, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AACPB4758N |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
As on 29.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
1,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
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|
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|
FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
10.000 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
(15.404) |
17.290 |
36.714 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
(5.404) |
27.290 |
46.714 |
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(3) Non-Current Liabilities |
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|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current Liabilities (3) |
0.000 |
0.000 |
0.000 |
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(4) Current Liabilities |
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|
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|
(a) Short term borrowings |
117.977 |
61.302 |
38.052 |
|
(b) Trade payables |
24.974 |
10.005 |
15.532 |
|
(c) Other current
liabilities |
47.614 |
68.720 |
44.726 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities (4) |
190.565 |
140.027 |
98.310 |
|
|
|
|
|
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TOTAL |
185.161 |
167.317 |
145.024 |
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II.
ASSETS |
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|
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
9.176 |
10.691 |
11.745 |
|
(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 |
0.500 |
0.500 |
0.499 |
|
(c) Deferred tax assets (net) |
28.741 |
11.530 |
0.000 |
|
(d) Long-term Loan and Advances |
16.473 |
8.615 |
17.321 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
54.890 |
31.336 |
29.565 |
|
|
|
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|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
8.680 |
10.660 |
31.815 |
|
(d) Cash and cash
equivalents |
4.692 |
4.750 |
3.823 |
|
(e) Short-term loans and
advances |
116.899 |
120.571 |
79.814 |
|
(f) Other current assets |
0.000 |
0.000 |
0.007 |
|
Total Current Assets |
130.271 |
135.981 |
115.459 |
|
|
|
|
|
|
TOTAL |
185.161 |
167.317 |
145.024 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
84.991 |
103.471 |
134.033 |
|
|
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Other Income |
0.434 |
0.604 |
4.268 |
|
|
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TOTAL (A) |
85.425 |
104.075 |
138.301 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
88.877 |
72.660 |
60.442 |
|
|
|
Other expenses |
34.313 |
43.581 |
48.002 |
|
|
|
TOTAL (B) |
123.190 |
116.241 |
108.444 |
|
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|
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|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
(37.765) |
(12.166) |
29.857 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
9.567 |
4.985 |
4.277 |
|
|
|
|
|
|
|
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|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(47.332) |
(17.151) |
25.580 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.573 |
2.642 |
2.796 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
(49.905) |
(19.793) |
22.784 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(17.211) |
0.117 |
7.633 |
|
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|
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|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
(32.694) |
(19.910) |
15.151 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(32.69) |
(19.91) |
15.15 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(38.47) |
(19.24) |
11.30 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
(44.43) |
(11.76) |
22.28 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(32.01) |
(12.75) |
15.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
9.23 |
(0.73) |
0.49 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
(21.83) |
2.25 |
0.81 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.68 |
0.97 |
1.17 |
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 |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
36.714 |
17.290 |
(15.404) |
|
Net
worth |
46.714 |
27.290 |
(5.404) |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
38.052 |
61.302 |
117.977 |
|
Total
borrowings |
38.052 |
61.302 |
117.977 |
|
Debt/Equity
ratio |
0.815 |
2.246 |
(21.831) |
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) |
|
Sales |
134.033 |
103.471 |
84.991 |
|
|
|
(22.802) |
(17.860) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
134.033 |
103.471 |
84.991 |
|
Profit |
15.151 |
(19.910) |
(32.694) |
|
|
11.30% |
(19.24%) |
(38.47%) |
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 |
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 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and Advances
from related parties |
|
|
|
Magus Infratech Private Limited |
1.356 |
1.356 |
|
Shukal Motors Private Limited |
0.800 |
0.800 |
|
Mayor Suchak |
1.400 |
1.400 |
|
Renaissance Infrastructure |
0.000 |
3.657 |
|
Renaissance Indus Infra Private Limited |
39.039 |
0.000 |
|
Total |
42.595 |
7.213 |
CHANGE OF ADDRESS
The registered office of the company has been shifted from Shree Krishna,
House Shivaji Path, New Station Road, Kalyan (West) – 421302, Maharashtra,
India to present address w.e.f.21.11.2011.
FIXED ASSETS
· Building
Office
Equipments
Furniture
and Fixtures
Vehicles
Computer
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 records 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.61.89 |
|
|
1 |
Rs.96.83 |
|
Euro |
1 |
Rs.76.57 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
1 |
|
OPERATING SCALE |
1~10 |
1 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
11 |
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.