|
Report Date : |
29.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
ITD-ITD CEM JOINT VENTURE |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Year of
Establishment : |
2006 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Divulged |
|
|
|
|
Legal Form : |
Joint Venture Company |
|
|
|
|
Line of Business
: |
Construction Activity [They |
|
|
|
|
No. of Employees
: |
4000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an unincorporated joint venture between ITD Thai holds 69.57% of ITD Cem’s equity; hence in effect ITD Thai
owns ~85% of the joint venture. ITD Cem enters into project specific joint
ventures with ITD Thai for projects where experience of the latter is
required to meet technical qualification criteria. The joint venture company has seen an increase in its revenue during
2014, which are shared by the two venturing companies as per the ownership
proportion. The ratings also take into consideration the corporate guarantee
provided by its reputed holding company in order to get loans from corporate
entities as well as Government Institutions and some huge and reputed
infrastructure projects under implementation during the year under review. Trade relations are fair. Business is active. Payment terms are
reported as regular. In view of technical managerial and financial support provided by its group
company, the subject can be considered normal for business dealings 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.
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
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term: BBB+ (Structured Obligation) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. (Structured
obligation) |
|
Date |
December , 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term: A2+ (Structured Obligation) |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
December , 2013 |
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. Protyush Chakraborty |
|
Designation : |
Senior Manager |
|
Contact No.: |
91-9163363439 |
LOCATIONS
|
Registered Office : |
National Plastic Building, A-Subhash Road, Paranjape B Scheme, Vile
Parle (East), Mumbai – 400 057, Maharashtra, India |
|
Tel. No.: |
91-22-66931600 |
|
Mobile No.: |
91-9163363439 (Mr. Protyush Chakraborty) |
|
Fax No.: |
91-22-66931627/ 28 |
|
E-Mail : |
|
|
|
|
|
Project office : |
Suren Sarkar Road, Belia Ghat Road, Subhash Sarovar, Kolkata – 700010,
West Bengal, India |
MANAGEMENT
|
Name : |
Mr. Adun Saravan |
|
Designation : |
Member (ITD Cem) |
|
|
|
|
Name : |
Mr. Tawatchai Suthiprabha |
|
Designation : |
Member (ITD) |
|
|
|
|
Name : |
Mr. Vitavas Kunapongsiri |
|
Designation : |
Member (ITD) |
KEY EXECUTIVES
|
Name : |
Mr. Protyush Chakraborty |
|
Designation : |
Deputy General Manager |
|
|
|
|
Name : |
Mr. Bhagyesh Joshi |
|
Designation : |
Senior Manager – Finance |
BUSINESS DETAILS
|
Line of Business : |
Construction Activity [They Construct Bridges and Tunnel for Metro
Railways]. |
|
Imports : |
|
|
Products : |
Machinery |
|
Countries : |
Germany |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
No. of Employees : |
4000 (Approximately) |
|
|
|
|
Bankers : |
·
Export Import Bank of India ·
Vijaya Bank ·
Bank of India |
|
|
|
|
Facilities : |
a) For approval
and confirmation of the Corporate Guarantee upto a limit of Rs.1320.000
millions given by the Board of Directors as security for the loan granted by
Export Import Bank of India (“Exim Bank”) to ITD-ITD Cem Joint Venture for
Kolkata Metro Rail Corporation Limited Project as aggregate of guarantees so
far provided by the Company to all the bodies corporate alongwith the above
corporate guarantee may exceed the limits specified in the said Section 372A(1)
and b) For and
confirmation of the Corporate Guarantee upto a limit of Rs.260.000 millions
given by the Board of Directors as security for the loan granted by Vijaya
Bank to ITD-ITD Cem Joint Venture for Jaipur Metro Project as aggregate of
guarantee so far provided by the Company to all the bodies corporate
alongwith the corporate guarantee upto a limit of Rs.1320.000 millions given
by the Company to Exim Bank and the aforesaid corporate guarantee to be given
to Vijaya Bank may exceed the limits specified in the said Section 372A(1). |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Grant Tharnten Chartered Accountant |
|
|
|
|
Joint Venture : |
·
Italian-Thai Development Public Company Limited ·
ITD Cementation India Limited |
CAPITAL STRUCTURE
NOT DIVULGED
FINANCIAL DATA
[all figures are
in Rupees Millions]
SUMMARIZED
FIGURES
|
Particulars |
31.03.2014 |
31.03.2013 |
31.12.2012 |
31.12.2011 |
|
Total Assets (Approximately) |
NA |
NA |
3846.907 |
3564.775 |
|
|
|
|
|
|
|
Total Revenues (Approximately) |
5568.000 |
4160.000 |
4660.293 |
3667.210 |
The above information has been parted by Mr. Mr. Protyush Chakraborty.
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 |
No |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
four years |
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 |
Yes |
|
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 |
Yes |
|
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 |
No |
|
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 |
WEBSITE DETAILS
PRESS RELEASE
RS.18000 MILLIONS
MODERNIZED INTEGRATED PASSENGER TERMINAL AT KOLKATA AIRPORT
Jan 19, 2013
Kolkata : The new state-of-the-art integrated passenger terminal at NetajiSubhas Chandra Bose International (NSCBI) Airport in Kolkata has been successfully completed by the ITD Cementation joint venture. It is slated to be inaugurated on Sunday, 20th January 2013 by the Honourable President of India Mr. Pranab Mukherjee, in presence of Honourable Chief Minister of West Bengal, Honourable Minister of Civil Aviation, Chairman of AAI and other dignitaries of the country.
The Rs.1800 crore modernization project has been executed by the Joint Venture of ITD Cementation India Ltd. (ITD Cem) with its parent, Italian-Thai Development Public Co. Ltd., Thailand (ITD). The integrated passenger terminal now has a capacity to handle an annual traffic of 20 million passengers (earlier capacity being 7.46 million passengers per annum).
The new airport terminal will now have a covered area of 2.33 lakh sq. metres. The airport can now handle an Airbus 380, while earlier it could handle aircrafts not larger than a Boeing 747. An additional 11 parking bays have been added to the existing 12, thereby increasing the total number of parking bays to 23.
The integrated passenger terminal departure facilities include 48 international and 80 domestic check-in counters; 38 immigration counters; 23 international and 33 domestic security gates with frisking booths. The arrival area has 40 immigration counters; 26 conveyor belts; 6 customs counters and 18 aerobridges.
The integrated passenger terminal can handle 7452 passengers per hour as compared to 2850 passengers earlier. Further, for the comfort of travelers, the area per peak hour passenger is now 29 sq.m. as compared to the earlier 15.34 sq.m. in the international terminal and 22 sq.m. as compared to the earlier 14.38 sq.m. in the domestic terminal.
ITD has vast experience in airports and has earlier built Suvarnabhumi International Airport at Bangkok, regarded as one of the best airports in the world; Mandalay International Airport, Myanmar; Don Muang (Bangkok) International Terminal Expansion and Ahmedabad Airport.
Speaking on the occasion Mr. Premchai Karnasuta, Chairman, ITD Cem said, “We are privileged and proud to be associated with the prestigious modernization project of NSCBI Airport in Kolkata. We have incorporated high tech specialized airport systems and the integrated passenger terminal now has world-class facilities for the convenience and comfort of passengers using the Kolkata airport”.
ITD CEMENTATION BAGS
ORDER FOR RS. 5460 MILLIONS FROM DMRC IN ITS JOINT VENTURE
Mumbai, 2nd January, 2013 : ITD Cementation India Limited announced that the
Joint Venture (JV) with its parent, Italian-Thai Development Public Company
Limited, Thailand (ITD, Thailand) has received an order of Rs. 546 crore from
the Delhi Metro Rail Corporation (DMRC).
This project includes construction of a 9,035 m long elevated metro track along
with 8 elevated stations and the scope of work includes Architectural
Finishing, Water Supply, Sanitary Installation and Drainage Works. The project
is scheduled for completion in 30 months.
The Joint Venture has recently completed a Rs. 189 crore contract for DMRC for
the construction of Viaduct and Structural work of five stations on the Qutub
Minar - Gurgaon Corridor of the Delhi MRTS project. The JV has also completed a
Rs. 893 crore contract for DMRC for the construction of a 8,326 m long twin
bored underground metro tunnel with advanced tunnel boring machine including
three underground stations at Khan Market, Jawaharlal Nehru Stadium and
Jangpura station on Central Secretariat - Badarpur Corridor for the Delhi MRTS.
This project was completed two months ahead of schedule.
The Joint Venture benefits from the experience of the parent, Italian - Thai
Development Public Company Limited, in the implementation of MRTS projects.
About ITD Cementation India Limited
ITD Cem's presence dates back to 1931 when The Cementation Company Limited, UK
started its operations in India and was engaged in providing seepage control
and stability related solutions to a few distressed dams in the country. The
Company was mainly active in the field of specialised civil, mining and
foundation engineering till the eighties and thereafter was a part of various
Multinational, Transnational organisations like Trafalgar House - UK, Kvaerner
- Norway and Skanska - Sweden. Today, it is a part of Italian- Thai Development
Public Company Limited, Thailand.
Over a period of time, it has developed expertise in design and construction of
large infrastructure projects. The strong international parentage which ITD Cem
has continuously enjoyed over eight decades provides a distinct advantage in
delivering key technical knowhow that are in line with international companies
in this field.
In India, it has contributed significantly in the growth of Infrastructure in
the country over the last eight decades and continues to provide expertise in
the field of Civil Engineering. It has been closely involved in a number of
major national-level projects of diverse nature including jetties at Dahej,
Shiplift facility at Karwar, 2nd Container Terminal at Chennai, Elevated
viaduct , road projects for NHAI and underground tunnels and stations at Delhi
Metro. The Company's past experience has been strengthened by the rich and
diverse expertise of the parent company, ITD, Thailand one of the leading contracting
organisations in South East Asia.
ITD CEM JV COMPLETES
KOLKATA AIRPORT PROJECT
January 20, 2013
A joint venture of ITD Cementation India has completed its Rs.1,8000 millions project at the new state-of-the-art integrated passenger terminal at Netaji Subhas Chandra Bose International (NSCBI) Airport here, which is slated to be inaugurated by President Pranab Mukherjee on Sunday. The project was executed on an EPC (engineering, procurement and construction) basis by a special purpose vehicle formed between ITD Cementation India (ITD Cem) and its parent Italian-Thai Development Public Co. Ltd., Thailand (ITD). The integrated passenger terminal has a capacity now to handle 20 million passengers annually against the existing capacity of 7.46 million passengers.
The new airport terminal will have a covered area of 2.33 lakh sq. metres and a capacity to handle Airbus 380, while earlier it could handle aircraft not larger than a Boeing 747. An additional 11 parking bays have been added to the existing 12.
Premchai Karnasuta, Chairman, ITD Cem, said, “We have incorporated high tech specialised airport systems and the integrated passenger terminal now has world-class facilities for the convenience and comfort of passengers using the Kolkata airport.”
ITD-ITD CEMENTATION
MAY PULL OUT OF KOLKATA METRO PROJECT
KOLKATA, JUNE 11:
The ITD-ITD Cementation joint venture may pull out of the East-West Metro Corridor project for want of a final route plan.
The 15-km metro project here, connecting the IT hub at Salt Lake with Howrah, is running nearly two years behind schedule. ITD is the second contractor to be affected by the slow project implementation.
The infrastructure company received a contract for tunnelling work on a 5-km stretch at a cost of nearlyRs. 910 crore. According to sources, it could not begin work on a large stretch for more than a year. The company will reportedly exit from the project after completing a 2-km stretch by next month.
According to authorities, the route map of the Rs. 4,875-crore project is not finalised as the West Bengal Government is not accepting a proposal to relocate 250 shops and a few apartments on a half-a-km stretch in central Kolkata.
The State Government has stuck to its decision even after the Calcutta High Court’s judgment in favour of handing over the land to East-West Metro authorities. The State, instead, asked for realignment of the route, which was struck down by the principal lender, Japan International Cooperation Agency.
“How will ITD work if it does not get the site cleared? Besides, there is no final route plan. So, the company has not been able to work on the stretch between Sealdah Crossover and the proposed Central Station for a long time,” H.K. Sharma, Managing Director, Kolkata Metro Rail Corporation (KMRC), told Business Line. KMRC is the executing authority of the project.
Chundee Mookhan, Project Manager (Tunnel), ITD-ITD Cementation, was not available for a comment.
Earlier, Shapoorji Pallonji-promoted Afcons could not start tunnelling work on the Howrah side of the project for over three years. According to sources, the company demanded compensation of nearly Rs.250 crore from the authorities.
Similar problems are also affecting other projects in the city. L&T withdrew equipment and workers from the Dum Dum-Barasat metro project as the State did not cooperate with the Railways to remove encroachments.
ITD CEMENTATION GETS
RS 5460 MILLIONS ORDER FROM DELHI METRO
NEW DELHI, JAN 2:
ITD Cementation India today said it has got a Rs. 5460.000 Millions order, along with its Thailand-based parent firm, from Delhi Metro Rail Corporation (DMRC) for the construction of a 9,035 metre long elevated metro track.
The order would be executed through a joint venture in which Italian-Thai Development Public Company, Thailand, will have 51 per cent stake and the remaining with ITD Cementation India, company’s Chief Financial Officer, S Ramnath said.
“The project includes construction of a 9,035 metres long elevated metro track along with eight elevated stations,” he said, adding the scope of the work includes architectural finishing, water supply, sanitary installation and drainage works.
“The project is scheduled for completion in 30 months,” Ramnath said.
The joint venture has recently completed a Rs. 1890 Millions contract for DMRC for the construction of structural work of five stations on the Qutub Minar — Gurgaon corridor of the Delhi MRTS project.
“The JV has also completed a Rs. 8930 Millions contract for DMRC for the construction of a 8,326 metre long twin bored underground metro tunnel,” he said.
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.61.57 |
|
|
1 |
Rs.100.42 |
|
Euro |
1 |
Rs.78.45 |
INFORMATION DETAILS
|
Information Gathered
by : |
HTL |
|
|
|
|
Analysis done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
53 |
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.