MIRA
INFORM REPORT
|
Report Date : |
25.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
MONARCH TECHNOLOGIES (PUNE) PRIVATE LIMITED |
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Registered
Office : |
1, Infinity, CTS 129/B2, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
15.01.1996 |
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Com. Reg. No.: |
11-096267 |
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Capital Investment
/ Paid-up Capital : |
Rs.0.972 Million |
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CIN No.: [Company Identification
No.] |
U72900PN1996PTC096267 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEM02538E |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of computer hardware and software and also engaged into
providing information technology solutions. |
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No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of company’s moderate operational
risk profile marked by small net worth and sharp declining in sales turnover
of the company during 2014. However, trade relations are fair. Business is active. Payment terms
are reported as slow but correct. The company can be considered for business dealings with some caution.
|
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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The report
says that the adverse effects of rupee depreciation are likely to be offset by
the gains in the exports performance due to improved external competitiveness.
Since May this year, the local currency has depreciated substantially and fell
to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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 (General Details)
|
Name : |
Mr. Tukaram Adkar |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-20-25424560 |
|
Date : |
19.11.2014 |
LOCATIONS
|
Registered Office/ Software Solutions : |
1, Infinity, CTS 129/B2, Law College Road, Erandwane, Pune – 411004,
Maharashtra, India |
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Tel. No.: |
91-20-25424560/ 61 |
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Fax No.: |
91-20-25424562 |
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E-Mail : |
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Website : |
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Location: |
Owned |
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Warehouse: |
At Post Wagholi, Pune, Ahmednagar Road, Haceli, Pune-412207,
Maharashtra, India |
|
Location: |
Rented |
DIRECTORS
As on: 31.03.2014
|
Name : |
Mr. Rajendra Gopaldas Sheth |
|
Designation : |
Director |
|
Address : |
1103, Budhwar Peth, Pune – 411002, Maharashtra, India |
|
Date of Birth/Age : |
06.07.1965 |
|
Date of Appointment : |
15.01.1996 |
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DIN No.: |
02176630 |
|
|
|
|
Name : |
Mr. Anirudha Madhav Menavlikar |
|
Designation : |
Director |
|
Address : |
1/9 Roma, Tejas Co-Operative Housing, Society, Behind Kothrud Bus
Stop, Pune – 411029, Maharashtra, India |
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Date of Birth/Age : |
01.06.1964 |
|
Date of Appointment : |
15.01.1996 |
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DIN No.: |
01128710 |
KEY EXECUTIVES
|
Name : |
Mr. Tukaram Adkar |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Rajendra Gopaldas Sheth |
48620 |
50.00 |
|
Anirudha Madhav Menavlikar |
48620 |
50.00 |
|
Total |
97240 |
100.00 |
%20PRIVATE%20LIMITED%20-%20295104_MIRA%2025-Nov-2014_files/image002.gif)
Equity Share Break up (Percentage of Total Equity)
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of computer hardware and software and also engaged into
providing information technology solutions. |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
L/C and Credit |
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Purchasing : |
L/C and Credit |
GENERAL INFORMATION
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Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
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Auditors : |
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|
Name : |
Shripad Waikar and Associates Chartered Accountants |
|
Address : |
Shri Samarth Plot No.13, Sadhana Society, Near Akashwani, Hadapsar,
Pune – 411028, Maharashtra, India |
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Mobile No.: |
91-9881131077 |
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E-Mail : |
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PAN No.: |
AAVPW3336J |
CAPITAL STRUCTURE
As on: 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs. 7.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
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|
97240 |
Equity Shares |
Rs.10/- each |
Rs. 0.972
Million |
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|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
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|
(1)Shareholders' Funds |
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|
|
|
(a) Share Capital |
0.972 |
0.972 |
0.972 |
|
(b) Reserves & Surplus |
17.899 |
16.908 |
16.191 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
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|
|
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|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
18.871 |
17.880 |
17.163 |
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|
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(3) Non-Current Liabilities |
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|
|
|
(a) long-term borrowings |
15.792 |
4.870 |
5.964 |
|
(b) Deferred tax liabilities (Net) |
0.595 |
0.739 |
0.941 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
16.387 |
5.609 |
6.905 |
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(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
11.222 |
17.817 |
14.303 |
|
(b) Trade payables |
46.246 |
42.570 |
86.001 |
|
(c) Other current
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term provisions |
10.202 |
8.495 |
7.002 |
|
Total Current Liabilities (4) |
67.670 |
68.882 |
107.306 |
|
|
|
|
|
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TOTAL |
102.928 |
92.371 |
131.374 |
|
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|
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II. ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
|
|
|
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(i) Tangible assets |
12.021 |
13.287 |
15.412 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
12.021 |
13.287 |
15.412 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
37.422 |
28.313 |
29.724 |
|
(c) Trade receivables |
29.130 |
29.829 |
72.079 |
|
(d) Cash and cash
equivalents |
0.333 |
0.556 |
0.627 |
|
(e) Short-term loans
and advances |
24.022 |
20.386 |
13.532 |
|
(f) Other current
assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
90.907 |
79.084 |
115.962 |
|
|
|
|
|
|
TOTAL |
102.928 |
92.371 |
131.374 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
296.559 |
395.025 |
402.066 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
295.113 |
393.644 |
398.906 |
|
|
|
|
|
|
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|
|
PROFIT BEFORE
TAX |
1.446 |
1.381 |
3.160 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.456 |
0.664 |
1.405 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
0.990 |
0.717 |
1.755 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.18 |
7.38 |
18.00 |
|
%20PRIVATE%20LIMITED%20-%20295104_MIRA%2025-Nov-2014_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20295104_MIRA%2025-Nov-2014_files/image004.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20295104_MIRA%2025-Nov-2014_files/image005.gif){kind=small}
Expected Sales (2014-15) : Rs.600.000 Millions
The above information has been parted by Mr. Tukaram Adkar (Accountant)
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.33 |
0.18 |
0.44 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
1.40 |
1.50 |
2.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.08 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.43 |
1.27 |
1.18 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.15 |
1.08 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
0.972 |
0.972 |
0.972 |
|
Reserves & Surplus |
16.191 |
16.908 |
17.899 |
|
Net
worth |
17.163 |
17.880 |
18.871 |
|
|
|
|
|
|
long-term borrowings |
5.964 |
4.870 |
15.792 |
|
Short term borrowings |
14.303 |
17.817 |
11.222 |
|
Total
borrowings |
20.267 |
22.687 |
27.014 |
|
Debt/Equity
ratio |
1.181 |
1.269 |
1.432 |
%20PRIVATE%20LIMITED%20-%20295104_MIRA%2025-Nov-2014_files/image007.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
402.066 |
395.025 |
296.559 |
|
|
|
(1.751) |
(24.927) |
%20PRIVATE%20LIMITED%20-%20295104_MIRA%2025-Nov-2014_files/image009.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
402.066 |
395.025 |
296.559 |
|
Profit |
1.755 |
0.717 |
0.990 |
|
|
0.44% |
0.18% |
0.33% |
%20PRIVATE%20LIMITED%20-%20295104_MIRA%2025-Nov-2014_files/image011.gif)
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: NOT AVAILABLE
|
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 three 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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Short term
borrowings |
|
|
|
R.G. Sheth |
0.000 |
0.069 |
|
A.M. Menavlikar |
0.000 |
0.037 |
|
Others |
|
|
|
Siddharth Associates |
0.000 |
0.000 |
|
Easy Access Financial Services Limited |
0.000 |
0.002 |
|
S.S. Telecom Enterprises |
0.755 |
0.821 |
|
|
|
|
|
Total |
0.755 |
0.929 |
OPERATIONS
The company‘s financial performance has been satisfactory in
the year. Being the first year of operations in the last few months, The
Company could achieve the turnover as above.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10396985 |
01/01/2013 |
20,000,000.00 |
BANK OF INDIA |
KARVE ROAD BRANCH, KARVE ROAD, ERANDAWANE, PUNE, |
B65888109 |
|
2 |
10338911 |
06/02/2012 |
1,000,000.00 |
BANK OF INDIA |
KARVE ROAD BRANCH, KARVE ROAD, PUNE, Maharashtra |
B33559733 |
|
3 |
10309118 |
08/09/2011 * |
5,000,000.00 |
BANK OF INDIA |
KARVE ROAD BRANCH, KARVE ROAD, PUNE, Maharashtra |
B22299226 |
|
4 |
10309107 |
01/01/2013 * |
10,000,000.00 |
BANK OF INDIA |
KARVE ROAD BRANCH, KARVE ROAD, ERANDAWANE, PUNE, |
B65887630 |
|
5 |
10285273 |
31/03/2011 |
1,500,000.00 |
BANK OF INDIA |
KARVE ROAD BRANCH,, 65/1/B, ERANDAWANE, KARVE ROA |
B12153243 |
|
6 |
10185906 |
01/10/2009 |
519,000.00 |
THE RATNAKAR BANK LIMITED |
NANA PETH BRANCH, PUNE, Maharashtra - 411031, INDI |
A73603474 |
* Date of charge modification
FIXED ASSETS:
Ř
Land
Ř
Office Premises
Ř
Furniture and Fixture
Ř
Vehicles
Ř
Office Equipments
Ř
Computers
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. 62.10 |
|
|
1 |
Rs. 97.31 |
|
Euro |
1 |
Rs. 77.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
28 |
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.