|
Report Date : |
10.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
THYSSENKRUPP CHRISTON NV |
|
|
|
|
Registered Office : |
Brandstraat 11, 9160
Lokeren |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
30.09.2013 |
|
|
|
|
Date of Incorporation : |
19.12.1957 |
|
|
|
|
Com. Reg. No.: |
401921577 |
|
|
|
|
Legal Form : |
Public Limited Liability
Company (BE) |
|
|
|
|
Line of Business : |
·
Other
financial activities ·
Distributor of a complete range of products
and services in steel, high-grade steel, nonferrous and plastic products. |
|
|
|
|
No. of Employees : |
88 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
Slow but correct |
|
Litigation : |
Clear |
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) |
|
Belgium |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
BELGIUM - ECONOMIC
OVERVIEW
This modern, open, and
private-enterprise-based economy has capitalized on its central geographic
location, highly developed transport network, and diversified industrial and
commercial base. Industry is concentrated mainly in the more heavily-populated
region of Flanders in the north. With few natural resources, Belgium imports
substantial quantities of raw materials and exports a large volume of
manufactures, making its economy vulnerable to volatility in world markets.
Roughly three-quarters of Belgium's trade is with other EU countries, and
Belgium has benefited most from its proximity to Germany. In 2013 Belgian GDP
grew by 0.1%, the unemployment rate increased to 8.8% from 7.6% the previous
year, and the government reduced the budget deficit from a peak of 6% of GDP in
2009 to 3.2%. Despite the relative improvement in Belgium's budget deficit,
public debt hovers around 100% of GDP, a factor that has contributed to
investor perceptions that the country is increasingly vulnerable to spillover
from the euro-zone crisis. Belgian banks were severely affected by the
international financial crisis in 2008 with three major banks receiving capital
injections from the government, and the nationalization of the Belgian retail
arm of a Franco-Belgian bank.
|
Source
: CIA |
|
Business number |
401921577 |
|
Company name |
THYSSENKRUPP CHRISTON NV |
|
Address |
BRANDSTRAAT 11 |
|
|
9160 LOKEREN |
|
Number of staff |
88 |
|
Date of establishment |
19/12/1957 |
|
Telephone number |
09349 36 35 |
|
Fax number |
09349 36 50 |
The business was established over 56 years ago.
The business has 91 employees.
The business is part of a group.
The business has been at the address for over 7 years.
Operating Result in the latest trading period decreased 74% on the
previous trading period.
Pre-tax profits decreased by 92% compared to the previous trading
period.
The business saw a decrease in their Cash Balance of 37% during the
latest trading period.
Accounts
DATE OF LATEST
ACCOUNTS TURNOVER PROFIT BEFORE TAX NET WORTH WORKING CAPITAL
30/09/2013 121,164,628 160,792 26,257,316 22,632,815
30/09/2012 136,045,756 2,154,505 26,084,957 22,843,725
30/09/2011 63,311,573 1,587,397 12,104,431 9,161,321
Accounts
DATE OF LATEST
ACCOUNTS BALANCE TOTAL NUMBER OF EMPLOYEES CAPITAL CASHFLOW
30/09/2013 37,163,377 88 11,220,000 788,843
30/09/2012 41,551,566 88 11,220,000 2,811,130
30/09/2011 26,386,817 77 7,032,775 1,721,003
Payment expectations
Past payments Payment
expectation days 23.97
Industry average payment
expectation days 120.22
Industry average
day sales
outstanding 360.74
Day sales outstanding 32.67
Court data summary
BANKRUPTCY DETAILS
Court action type no
PROTESTED BILLS
Bill amount -
NSSO DETAILS
Date of summons –
|
Business number |
401921577 |
Company name |
THYSSENKRUPP |
|
|
|
|
CHRISTON NV |
|
Fax number |
09349 36 50 |
Date founded |
19/12/1957 |
|
Company status |
active |
Company type |
Public Limited Liability |
|
|
|
|
Company (BE) |
|
Currency |
Euro (€) |
Date of latest accounts |
30/09/2013 |
|
Activity code |
64999 |
Liable for VAT |
yes |
|
Activity description |
·
Other
financial activities ·
Distributor of a complete range of
products and services in steel, high-grade steel, nonferrous and plastic
products. |
VAT Number |
BE.0401.921.577 Check VAT number |
|
Belgian Bullettin of Acts
Publications |
moniteur belge |
|
|
|
Social Balance Sheet |
Total |
|
|
During the reporting year
ended 30-09-2013 |
||
|
Full-time Employees |
81 |
|
|
Part-time Employees |
11 |
|
|
Total Fte Employees |
90 |
|
|
|
||
|
Number of hours worked |
||
|
Full-time Employees |
134,859 |
|
|
Part-time Employees |
15,003 |
|
|
Total |
149,862 |
|
|
|
||
|
Personnel Charges |
||
|
Full-time Employees |
5,939,902 |
|
|
Part-time Employees |
660,792 |
|
|
Total |
6,600,695 |
|
|
Benefits In Addition To Wages - |
||
|
|
||
|
During the previous
reporting year |
||
|
Average number employees
in Fte |
89 |
|
|
Actual working hours |
148,667 |
|
|
Personnel Charges |
6,242,255 |
|
|
Benefits In Addition To Wages |
- |
|
|
Type of Contract |
Full-Time |
Part-Time |
Total Fte |
|
|
Unlimited Duration
Contracts |
80 |
11 |
89 |
|
|
Limited Duration
Contracts - - - |
||||
|
Contracts For
Specific - - -Work |
||||
|
Contracts Regarding |
- |
- |
- |
|
|
Substitution |
|
|
|
|
|
|
||||
|
|
||||
|
Gender and Education |
|
|
|
|
|
Level |
|
|
|
|
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary education |
1 |
- |
1 |
|
|
Secondairy education |
36 |
2 |
38 |
|
|
Higher education (non
university) |
17 |
1 |
18 |
|
|
Higher education |
5 |
- |
5 |
|
|
(university) |
|
|
|
|
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary education - - - |
||||
|
Secondairy education |
11 |
1 |
12 |
|
|
Higher education (non
university) |
10 |
7 |
16 |
|
|
Higher education |
- |
- |
- |
|
|
(university) |
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
|
Management |
1 |
- |
1 |
|
|
White collar worker |
56 |
9 |
63 |
|
|
Blue collar worker |
23 |
2 |
25 |
|
|
Other - - - |
||||
|
|
||||
|
|
||||
|
Temporary personnel |
|
Total |
|
|
|
Average number of
temporary staff |
3 |
|
|
|
|
Actual working hours |
|
6,223 |
|
|
|
Cost of temporary staff |
|
217,081 |
|
|
|
|
||||
|
|
||||
|
New staff and leavers |
Full-Time |
Part-Time |
Total Fte |
|
|
New Starters |
9 |
- |
9 |
|
|
Leavers |
8 |
- |
8 |
|
|
for workers paid by the
employer |
Male |
Female |
|
Number of employees |
37 |
7 |
|
Number of training hours |
719 |
128 |
|
Net costs for enterprise |
45,862 |
4,697 |
|
Total of less formal and
informal continuing vocational training initiatives for workers paid by the
employer |
Male |
Female |
|
Number of employees |
60 |
29 |
|
Number of training hours |
2,088 |
1,368 |
|
Net costs for enterprise |
73,080 |
47,880 |
|
Total of initial training
initiatives at the expense of the employer |
Male |
Female |
|
Number of employees
- - |
||
|
Number of training
hours
- - |
||
|
Net costs for
enterprise - - |
||
|
Joint Industrial Committee
(JIC) |
|
|
JIC Code |
149.04 |
|
Description |
Joint subcommittee for the
trade in metals |
|
category |
|
|
JIC Code |
218 |
|
Description |
Additional national joint
committee for the employees |
|
category |
|
|
Significant Events |
|
|
Event Date |
05/12/2013 |
|
Event Description |
authority appointed |
|
Event Details |
Commentaar 05-12-2013: De
toegekende manchten toegekend aan Wim Claessens worden alsvolgt gewijzigd: De
algemeen direkteur is bevoegd om alle akten en verbintenissen, met betrekking
tot het dagelijks bestuur alleen te ondertekenen voor zov |
|
Event Date |
05/12/2013 |
|
Event Description |
authority appointed |
|
Event Details |
er zij een bedrag van een
miljoen euro (EUR 1.000.000) per verrichting niet te boven gaan. |
|
Annual accounts |
30-09-2013 |
% |
30-09-2012 |
% |
30-09-2011 |
Industry average 2013 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
121,164,628 |
-10.94 |
136,045,756 |
114 |
63,311,573 |
1,650,915 |
7239 |
|
Total
operating expenses |
120,505,061 |
-9.72 |
133,485,854 |
117 |
61,372,039 |
1,481,994 |
8031 |
|
Operating
result |
659,567 |
-74.23 |
2,559,902 |
31.99 |
1,939,534 |
48,492 |
1260 |
|
Total
financial income |
180,114 |
-52.26 |
377,266 |
202 |
124,653 |
342,594 |
-47.43 |
|
Total
financial expenses |
678,889 |
-13.26 |
782,663 |
64.15 |
476,790 |
100,435 |
575 |
|
Results
on ordinary operations before taxation |
160,792 |
-92.54 |
2,154,505 |
35.73 |
1,587,397 |
240,907 |
-33.26 |
|
Taxation |
3,933 |
-49.23 |
7,747 |
-98.26 |
445,486 |
24,223 |
-83.76 |
|
Results
on ordinary operations after taxation |
156,859 |
-92.69 |
2,146,758 |
88.00 |
1,141,911 |
225,864 |
-30.55 |
|
Extraordinary
items |
0 |
-100 |
90,000 |
157 |
34,931 |
137,573 |
-100 |
|
Other
appropriations |
0.00 |
-100 |
3027 |
-0.01 |
3027.32 |
- |
- |
|
Net
result |
156,859 |
-93.00 |
2,239,785 |
89.83 |
1,179,870 |
361,130 |
-56.56 |
|
OTHER
INFORMATION |
|
|
|
|
|
|
|
|
Gross
Operating Margin |
- |
- |
- |
- |
- |
92,113 |
- |
|
Dividends |
- |
- |
- |
- |
3,000,925 |
1,304,361 |
- |
|
Director
remuneration |
- |
- |
- |
- |
- |
201,408 |
- |
|
Employee
costs |
6,600,695 |
5.74 |
6,242,255 |
19.30 |
5,232,606 |
220,943 |
2887 |
|
Wages
and salary |
4,265,803 |
6.04 |
4,022,661 |
19.07 |
3,378,522 |
192,422 |
2116 |
|
Employee
pension costs |
- |
- |
- |
- |
- |
48,896 |
- |
|
Social
security contributions |
1,282,868 |
4.62 |
1,226,252 |
-4.79 |
1,287,967 |
61,990 |
1969 |
|
Other
employee costs |
1,052,024 |
5.91 |
993,342 |
75.47 |
566,117 |
2,967 |
35357 |
|
Amortization
and depreciation |
631,984 |
10.61 |
571,345 |
5.58 |
541,133 |
75,037 |
742 |
|
|
Annual accounts |
30-09-2013 |
% |
30-09-2012 |
% |
30-09-2011 |
Industry average 2013 |
% |
|
||||||
|
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
||||||
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
||||||
|
|
Intangible
fixed assets |
128,640 |
- |
144,140 |
- |
139,079 |
24,912 |
416 |
|
||||||
|
|
Tangible
fixed assets |
3,629,142 |
5.86 |
3,428,182 |
6.34 |
3,223,742 |
1,147,284 |
216 |
|
||||||
|
|
Land
& building |
1,177,920 |
-7.27 |
1,270,336 |
-6.78 |
1,362,752 |
1,077,026 |
9.37 |
|
||||||
|
|
Plant
& machinery |
2,114,931 |
15.56 |
1,830,154 |
3.14 |
1,774,499 |
69,015 |
2964 |
|
||||||
|
|
Furniture
& Vehicles |
319,342 |
23.36 |
258,864 |
333 |
59,767 |
25,432 7,500 |
1155 |
|
||||||
|
|
Leasing
& Other Similar Rights |
- |
- |
- |
- |
- |
499,658 0 |
- |
|
||||||
|
|
Other
tangible assets |
16,950 |
-75.37 |
68,828 |
157 |
26,725 |
167,483 |
-89.88 |
|
||||||
|
|
Financial
fixed assets |
97,476 |
100 |
48,722 |
1.74 |
47,889 |
15,216,421 |
-99 |
|
||||||
|
|
Total
fixed assets |
3,855,258 |
6.47 |
3,621,044 |
6.17 |
3,410,710 |
8,371,791 |
-53.95 |
|
||||||
|
|
Inventories |
12,254,567 |
11.29 |
11,011,247 |
36.00 |
8,096,292 |
720,724 |
1600 |
|
||||||
|
|
Raw
materials & consumables |
- |
- |
- |
- |
3,507,084 |
641,793 |
- |
|
||||||
|
|
Work
in progress |
0 |
- |
0 |
- |
0 |
17,654 |
-100 |
|
||||||
|
|
Finished
goods |
12,254,567 |
11.29 |
11,011,247 |
139 |
4,589,209 |
9,465 |
129372 |
|
||||||
|
|
Other
stocks |
0 |
- |
0 |
- |
0 |
63,628 |
-100 |
|
||||||
|
|
Trade
debtors |
10,846,677 |
1.56 |
10,680,328 |
-25.96 |
14,425,419 |
164,144 |
6508 |
|
||||||
|
|
Cash |
9,534,936 |
-37.96 |
15,369,777 |
3749 |
399,237 |
431,478 |
2109 |
|
||||||
|
|
other
amounts receivable |
618,474 |
-24.90 |
823,500 |
165998 |
496 |
2,202,687 |
-71.92 |
|
||||||
|
|
Miscellaneous
current assets |
53,464 |
17.07 |
45,670 |
-16.45 |
54,663 |
543,393 |
-90.16 |
|
||||||
|
|
Total
current assets |
33,308,118 |
-12.19 |
37,930,522 |
65.09 |
22,976,108 |
3,412,229 |
876 |
|
||||||
|
|
Total
Assets |
37,163,377 |
-10.56 |
41,551,566 |
57.47 |
26,386,817 |
11,071,980 595,634 |
235 |
|
||||||
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
|||||||
|
|
Trade
creditors |
7,912,223 |
-40.54 |
13,307,399 |
49.26 |
8,915,866 |
58,897 |
13334 |
|||||||
|
Short term group loans - - - - - - - |
|||||||||||||||
|
|
Financial debts |
54 |
-99 |
105,291 |
-96.61 |
3,107,825 |
1,390,651 17,858 |
-99 |
|||||||
|
|
Current portion of long term
debt |
76,848 |
0.00 |
76,847 |
0.00 |
76,847 |
307,668 23,821 |
-75.02 |
|||||||
|
|
Amounts Payable for Taxes,
Remuneration & Social Security |
1,742,806 |
23.78 |
1,408,039 |
-17.33 |
1,703,247 |
7,039 - |
4727 |
|||||||
|
|
Miscellaneous current
liabilities |
943,373 |
398 |
189,221 |
1619 |
11,002 |
61.75 |
-- |
|||||||
|
|
Total current liabilities |
10,675,304 |
-29.24 |
15,086,797 |
9.21 |
13,814,787 |
1,082,021 |
886 |
|||||||
|
|
LONG
TERM DEBTS AND LIABILITIES |
|
|
|
|
|
|
||||||||
|
|
Long term group loans |
- |
- |
- |
- |
- |
- |
-- |
|||||||
|
|
Other long term loans |
- |
- |
76,848 |
-50.00 |
153,695 |
- |
-- |
|||||||
|
|
Deffered taxes |
21,799 |
0.00 |
21,799 |
-12.19 |
24,826 |
153,855 42,831 |
-85.83 |
|||||||
|
|
Provisions for Liabilities
& Charges |
80,318 |
-41.38 |
137,024 |
-8.65 |
150,000 |
34,133 0 |
135 |
|||||||
|
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
98,044 |
-100 |
|||||||
|
|
Total long term debts |
102,116 |
-56.67 |
235,671 |
-28.26 |
328,521 |
2,104,600 |
-95.15 |
|||||||
|
SHAREHOLDERS EQUITY |
|||||||||||||||
|
|
Issued share capital |
11,220,000 |
0 |
11,220,000 |
59.54 |
7,032,775 |
3,838,974 |
192 |
|||||||
|
|
Share premium account |
- |
- |
- |
- |
- |
16,677,341 |
- |
|||||||
|
|
Reserves |
15,165,956 |
1.05 |
15,009,097 |
188 |
5,210,734 |
3,059,380 |
395 |
|||||||
|
|
Revaluation reserve |
- |
- |
- |
- |
- |
515,174 |
- |
|||||||
|
|
Total shareholders equity |
26,385,956 |
0.60 |
26,229,097 |
114 |
12,243,510 |
7,859,903 |
235 |
|||||||
|
|
Working capital |
22,632,815 |
-0.92 |
22,843,725 |
149 |
9,161,321 |
2,330,209 |
871 |
|||||||
|
|
Cashflow |
788,843 |
-71.94 |
2,811,130 |
63.34 |
1,721,003 |
419,230 |
88.16 |
|||||||
|
|
Net worth |
26,257,316 |
0.66 |
26,084,957 |
115 |
12,104,431 |
7,829,499 |
235 |
|||||||
|
|
Annual accounts |
30-09-2013 |
Change (%) |
30-09-2012 |
Change (%) |
30-09-2011 |
Industry average 2013 |
% |
|
TRADING PERFORMANCE |
||||||||
|
|
||||||||
|
|
Profit
Before Tax |
0.13 |
-91.77 |
1.58 |
-37.05 |
2.51 |
792,00 |
-99 |
|
|
Return
on capital employed |
0.61 |
-92.51 |
8.14 |
-35.55 |
12.63 |
-13,00 |
4.69 |
|
|
Return
on total assets employed |
0.43 |
-91.71 |
5.19 |
-13.79 |
6.02 |
-95,00 |
0.45 |
|
|
Return
on net assets employed |
0.61 |
-92.57 |
8.21 |
-36.70 |
12.97 |
14,00 |
-95.64 |
|
|
Sales
/ net working capital |
5.35 |
-10.23 |
5.96 |
-13.75 |
6.91 |
2,00 |
-99 |
|
|
Stock
turnover ratio |
10.11 |
24.97 |
8.09 |
-36.75 |
12.79 |
2.616,00 |
-99 |
|
|
Debtor
days |
32.67 |
14.03 |
28.65 |
-65.55 |
83.16 |
1.055,00 |
-96.90 |
|
|
Creditor
days |
23.97 |
-34.13 |
36.39 |
-31.38 |
53.03 |
303,00 |
-92.09 |
|
SHORT TERM STABILITY |
||||||||
|
|
Current
ratio |
3.12 |
24.30 |
2.51 |
51.20 |
1.66 |
159,00 |
56.00 |
|
|
Liquidity
ratio / acid ratio |
1.97 |
10.67 |
1.78 |
64.81 |
1.08 |
157,00 |
-98.75 |
|
|
Current
debt ratio |
0.40 |
-31.03 |
0.58 |
-48.67 |
1.13 |
2,00 |
-80.00 |
|
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
|
LONG
TERM STABILITY |
|
|
|
|
|
|
|
|
|
Gearing |
0.29 |
-70.71 |
0.99 |
-96.37 |
27.27 |
964,00 |
-99 |
|
|
Equity
in percentage |
71.25 |
12.49 |
63.34 |
35.78 |
46.65 |
-1.976,00 |
3.61 |
|
|
Total
debt ratio |
0.41 |
-29.31 |
0.58 |
-50.0 |
1.16 |
8,00 |
-94.88 |
|
Payment expectations |
|
|
Payment expectation days |
23.97 |
|
Day sales outstanding |
32.67 |
|
Industry comparison |
|
|
Activity code |
64999 |
|
Activity description |
Other financial activities |
|
Industry average payment |
120.22 |
|
expectation days |
|
|
Industry average day sales |
360.74 |
|
outstanding |
|
|
Industry quartile analysis |
|
|
Payment expectations |
|
|
Company result |
23.97 |
|
Lower |
110.94 |
|
Median |
44.42 |
|
Upper |
17.23 |
Day sales outstanding
Company result 32.67
Lower 84.47
Median 28.92
Upper 8.87
Summary
Group - Number of Companies 3
Linkages - Number of Companies 6749
Number of Countries 113
Group Structure
|
Company name |
Number |
|
Latest financials |
|
|
|
- THYSSENKRUPP NEDERLAND
INTERMEDIATE B.V. |
|
||||
|
--THYSSENKRUPP CHRISTON NV |
401921577 |
|
30-09-2013 |
|
|
|
LASER WORKS NV |
445423703 |
|
30-09-2007 |
|
|
Minority Shareholders
|
Business Number |
Company name |
% |
Date of accounts |
|
- |
THYSSENKRUPP MATERIALS
INTERNATIONAL GMBH |
34.41 |
-- |
|
Minority Interests |
|
No minority interests
found |
NSSO details
Business number 401921577
Name of defendant -
Legal form of defendant -
Date of summons -
Labour court
–
Bankruptcy details
There is no bankruptcy data against this company
court data
there is no data for this company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.06 |
|
|
1 |
Rs.99.35 |
|
Euro |
1 |
Rs.80.62 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NNA |
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 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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.