MIRA
INFORM REPORT
|
Report Date : |
11.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
KHOSLA ENGINEERING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.2-B, D-1 Block, Chinchwad (East), Pune – 411019, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
06.06.1962 |
|
|
|
|
Com. Reg. No.: |
25-012372 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27104PN1962PTC012372 |
|
|
|
|
IEC No.: |
0388081678 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEK00195G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK6779P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Soldering Flux, Aluminum Solder Flux, Welding Paste Flux, Halide Free Non Clean Flux, Liquid Flux, Tin and Lead Anodes, Solder Stick, Zinc Metallizing Wire, Aluminum Metallizing Wire, Zinc Rod, Rosin Core Solder Wire, Lead Free Solder Wire, etc. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 63000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Borrowings of the company seems to be huge and increasing which act as
threat to the liquidity position of the company. However, trade relations are reported as fair. Business is active.
Payments terms are reported to be slow but correct. The company can be considered for business dealings with some caution. NOTE: Profit and loss account of the company is
not available. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets
including equities, gold, fixed deposits, G-Secs and real estate since 1991.
Real estate outperformed every other asset classes during the 23-year period
with an annualized return of 20 % ! Equities came in second with annualized
return of 15.5 % ! However, while these returns may seem mouthwatering, the
fact is that the return from equities adjusted for inflation came down to just
7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
.
. Ukrain’s clashes with rebels hinder MH17 crash investigation
.
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term : “B+” |
|
Rating Explanation |
High risk of default. |
|
Date |
March, 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term : “A4” |
|
Rating Explanation |
Minimal degree of safety. It carry very high credit risk. |
|
Date |
March, 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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Nilesh Patil |
|
|
Designation : |
General Manager |
|
|
Contact No.: |
91-9823322268 |
91- |
LOCATIONS
|
Registered Office : |
Plot No.2-B, D-1 Block, Chinchwad (East), Pune – 411019, |
|
Tel. No.: |
91-20-66352600 to 66352620 {Twenty lines}/ 27472573 |
|
Mobile No.: |
91-9823322268 (Mr. Nilesh Patil) |
|
Fax No.: |
91-20-27476979/ 66352612 |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
|
|
|
Factory : |
Gat No.130,
Village Dhanore, Off |
|
Tel No.: |
91-2135-678412/ 678405
- 430 |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Vishal Vijaykant Kothari |
|
Designation : |
Managing Director |
|
Address : |
S. No. 692/A/A
Plot No.7, Motibagh, Pune Satara Road, Bibwewadi, Pune – 411037, Maharashtra,
India |
|
Date of Birth/Age : |
19.11.1971 |
|
Date of Appointment : |
02.03.1996 |
|
DIN No.: |
00856663 |
|
|
|
|
Name : |
Mr. Vijaykant Motilal Kothari |
|
Designation : |
Whole-Time Director |
|
Address : |
6 C, Motibag, |
|
Date of Birth/Age : |
26.10.1944 |
|
Date of Appointment : |
02.03.1996 |
|
DIN No.: |
00856773 |
|
|
|
|
Name : |
Mr. Rupesh Vijaykant Kothari |
|
Designation : |
Whole-Time Director |
|
Address : |
6 C, Motibaug, |
|
Date of Birth/Age : |
02.11.1973 |
|
Date of Appointment : |
02.03.1996 |
|
DIN No.: |
00856797 |
KEY EXECUTIVES
|
Name : |
Mr. Nilesh Patil |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Vijaykant Motilal Kothari jointly with Padma Vijaykant Kothari |
7900 |
39.50 |
|
Padma Vijaykant Kothari jointly with Vijaykant Motilal Kothari |
5057 |
25.29 |
|
Vishal Vijaykant Kothari jointly with Vijaykant Motialal Kothari |
100 |
0.50 |
|
Rupesh Vijaykant Kothari jointly with Vijaykant Motialal Kothari |
4000 |
20.00 |
|
Rupesh Vijaykant Kothari |
2943 |
14.72 |
|
Total |
20000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Soldering Flux, Aluminum Solder Flux,
Welding Paste Flux, Halide Free Non Clean Flux, Liquid Flux, Tin and Lead Anodes,
Solder Stick, Zinc Metallizing Wire, Aluminum Metallizing Wire, Zinc Rod,
Rosin Core Solder Wire, Lead Free Solder Wire, etc. |
|
|
|
|
Exports : |
|
|
Products : |
Finished Good |
|
Countries : |
·
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
|
|
|
|
|
Terms : |
|
|
Purchasing : |
Depend |
GENERAL INFORMATION
|
Suppliers : |
Hindustan Zinc Limited |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Customers : |
Retailers and End Users · Epcos India Private Limited Philips Electrosteel Jai Balaji Group Jindal Saw International Ductile Iron Pipe Tata Metaliks Kubota Pipe Limited Lanco Industries Limited Minda Industries Limited Deki Shreem CTR Exide Crompton and Greaves |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
No. of Employees : |
100 (Approximately) |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
·
Bank of Maharashtra, Khadki Branch, Pune –
411003, HDFC Bank Limited Deutsche Bank Citi Bank |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Pravin B. Bhandari and Company Chartered Accountants |
|
Address : |
243, |
|
Tel. No.: |
91-20-24450161 |
|
E-Mail : |
|
|
PAN No.: |
ABGPB3669R |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000 |
Equity Shares |
Rs.100/- each |
Rs.2.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000 |
Equity Shares |
Rs.100/- each |
Rs.2.000 millions |
|
|
|
|
|
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
EQUITY AND
LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
2.000 |
2.000 |
2.000 |
|
(b) Reserves & Surplus |
13.790 |
47.227 |
39.939 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
15.790 |
49.227 |
41.939 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
348.923 |
206.784 |
84.468 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.154 |
0.154 |
0.054 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
349.077 |
206.938 |
84.522 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
29.761 |
21.920 |
45.559 |
|
(c) Other current liabilities |
4.040 |
19.126 |
5.977 |
|
(d) Short-term provisions |
0.000 |
1.663 |
1.789 |
|
Total Current
Liabilities (4) |
33.801 |
42.709 |
53.325 |
|
|
|
|
|
|
TOTAL |
398.668 |
298.874 |
179.786 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
182.367 |
41.411 |
22.778 |
|
(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) |
0.287 |
0.175 |
0.000 |
|
(d) Long-term Loan and Advances |
9.966 |
57.039 |
24.449 |
|
(e) Other Non-current assets |
1.159 |
1.115 |
0.303 |
|
Total Non-Current
Assets |
193.779 |
99.740 |
47.530 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.123 |
0.122 |
0.000 |
|
(b) Inventories |
29.786 |
43.666 |
19.094 |
|
(c) Trade receivables |
132.207 |
135.711 |
97.885 |
|
(d) Cash and cash equivalents |
21.037 |
6.992 |
5.027 |
|
(e) Short-term loans and advances |
21.639 |
12.556 |
10.122 |
|
(f) Other current assets |
0.097 |
0.087 |
0.128 |
|
Total Current
Assets |
204.889 |
199.134 |
132.256 |
|
|
|
|
|
|
TOTAL |
398.668 |
298.874 |
179.786 |
|
Particulars |
|
|
31.03.2014 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
|
1100.000 |
The above information has been parted by Mr. Nilesh Patil (General Manager).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
22.10 |
4.20 |
2.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.06 |
4.66 |
2.48 |
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 |
2.000 |
2.000 |
2.000 |
|
Reserves & Surplus |
39.939 |
47.227 |
13.790 |
|
Net
worth |
41.939 |
49.227 |
15.790 |
|
|
|
|
|
|
long-term borrowings |
84.468 |
206.784 |
348.923 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
84.468 |
206.784 |
348.923 |
|
Debt/Equity
ratio |
2.014 |
4.201 |
22.098 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last one year |
Yes |
|
12] |
Profitability for last three years |
No |
|
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 |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
Yes |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Vijaykant M Kothari |
52.602 |
7.528 |
|
Vishal Kothari |
2.758 |
14.606 |
|
Rupesh Kothari |
0.497 |
3.164 |
|
Total |
55.857 |
25.298 |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10482736 |
27/09/2012 |
20,000,000.00 |
BANK OF |
KHADKI BRANCH, PUNE
- 411003, |
B70978564 |
|
2 |
10279822 |
28/09/2011 * |
31,875,000.00 |
BANK OF |
KHADKI BRANCH, PUNE
- 411033, |
B23497084 |
|
3 |
90091976 |
30/10/2002 |
950,000.00 |
BANK OF |
KHADKI BRANCH, PUNE
- 411003, |
- |
|
4 |
90090979 |
13/07/1999 |
234,000.00 |
BANK OF |
KHADKI BRANCH, PUNE
- 411003, |
- |
|
5 |
90090728 |
26/09/2012 * |
266,250,000.00 |
BANK OF |
KHADKI BRANCH, PUNE
- 411003, |
B70194337 |
|
6 |
90090623 |
23/01/1998 |
1,200,000.00 |
BANK OF |
KHADKI BRANCH, PUNE
- 411003, |
- |
FIXED ASSETS
· Plant and Machinery
Machinery
Furniture
and Fixture
Electrical
Installations
Office
Equipment
Computers
Vehicles
Lab
Equipment’s
Building
Land
at Dhanore
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 judgment 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.60.82 |
|
|
1 |
Rs.98.15 |
|
Euro |
1 |
Rs.78.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JAY |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
4 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.