MIRA INFORM REPORT
|
Report No. : |
354506 |
|
Report Date : |
14.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
DYNAMIC SPECIALITY CHEMICALS LIMITED (w.e.f. 06.03.2014) |
|
|
|
|
Formerly Known
As : |
DYNAMIC GOLD POWER LIMITED |
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Registered Office
: |
V.P.O. Shekhe, Old Hoshiarpur Road, Jalandhar – 144025, Punjab |
|
Tel. No.: |
91-181-2610750 |
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|
|
Country : |
India |
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|
Financials (as
on) : |
31.03.2014 |
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|
|
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Date of
Incorporation : |
19.02.2009 |
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|
|
|
Com. Reg. No.: |
16-032623 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs.4.423 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110PB2009PLC032623 |
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|
|
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IEC No.: |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JLDD02233A |
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|
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PAN No.: [Permanent Account No.] |
AADCD1278M |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of polymer emulsions and acrylic emulsions. [From Indirect Sources] |
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No. of Employees
: |
Information declined by the management |
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 13000 |
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Status : |
Small company |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject was established in the year 2009 and it is a small company with
limited scale of activities. The company has recorded sales revenue of Rs.0.094 million against
revenue of Rs.0.072 million during the previous year. The net profit of the
company has been increased from Rs.0.055 to Rs.0.061 million. Rating remain constrained on account of company’s limited scale of
business operations marked by moderate financial profile along with modest
networth base and weak debt coverage indicators. However, trade relations are reported as fair. Payments are reported
to be slow. In view of aforesaid, the company can be considered for business
dealings on 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.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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
31-03-2015.
INFORMATION DENIED
Management Non Co-operative (91-181-2610750)
LOCATIONS
|
Registered Office : |
V.P.O. Shekhe, Old Hoshiarpur Road, Jalandhar – 144025, Punjab, India |
|
Tel. No.: |
91-181-2610750 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Nishant Gupta |
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Designation : |
Director |
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Address : |
193, New Jawahar Nagar, Model Town, Ps Div.
No. 6, Jalandhar - 144001, Punjab, India |
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Date of Birth/Age : |
30.06.1985 |
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Date of Appointment : |
19.02.2009 |
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DIN No.: |
02436767 |
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Other Directorship :
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Name : |
Mrs. Heena Gupta |
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Designation : |
Director |
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|
Address : |
193, New Jawahar Nagar, Model Town, Ps Div.
No. 6, Jalandhar - 144001, Punjab, India |
|||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
11.05.1968 |
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Date of Appointment : |
19.02.2009 |
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DIN No.: |
02436795 |
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Other Directorship :
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Name : |
Mr. Piyush Gupta |
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Designation : |
Director |
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|
Address : |
193, New Jawahar Nagar, Model Town, Ps Div.
No. 6, Jalandhar - 144001, Punjab, India |
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Date of Birth/Age : |
06.03.1988 |
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Date of Appointment : |
19.02.2009 |
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DIN No.: |
02436804 |
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Other Directorship :
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Name : |
Mr. Anil Gupta |
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Designation : |
Director |
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|
Address : |
193, New Jawahar Nagar, Model Town, Ps Div.
No. 6, Jalandhar - 144001, Punjab, India |
|||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
02.02.1959 |
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Date of Appointment : |
19.02.2009 |
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DIN No.: |
02461358 |
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Other Directorship :
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MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Nishant Gupta |
196907 |
44.52 |
|
Varinder K. Jain |
2100 |
0.47 |
|
Anil Gupta |
218015 |
49.29 |
|
Piyush Gupta |
14349 |
3.24 |
|
Heena Gupta |
7700 |
1.74 |
|
Joginder Singh |
1100 |
0.25 |
|
Nirmal Gupta |
2100 |
0.47 |
|
|
|
|
|
Total |
442271 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of polymer emulsions and acrylic emulsions. [From Indirect Sources] |
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|
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Products : |
·
Paint Chemicals ·
Plastic Chemicals ·
Agro Chemicals ·
Adhesive Chemicals ·
Carpets Chemicals ·
Construction Chemicals ·
Leather Chemicals ·
Paper Chemicals ·
Textile Chemicals |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
·
Agarwal Agency ·
Lucky Traders ·
Parmar Engineering Company ·
Wheel Business and Travels Private Limited ·
Oceanic Cooling Towers Private Limited |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Rohit Ashok Agarwal and Associates Chartered Accountants |
|
Address : |
B-18 Ist Floor Vakil Building, Model Town Road, Jalandhar – 144001,
Punjab, India |
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PAN No.: |
AFJPA6843B |
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Million |
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Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
442271 |
Equity Shares |
Rs.10/- each |
Rs.4.423 Million |
|
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|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
4.423 |
0.500 |
0.500 |
|
(b) Reserves & Surplus |
0.412 |
0.449 |
0.394 |
|
(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) |
4.835 |
0.949 |
0.894 |
|
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
21.555 |
27.776 |
26.677 |
|
(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 |
|
Total Non-current
Liabilities (3) |
21.555 |
27.776 |
26.677 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
0.630 |
0.000 |
2.656 |
|
(c) Other
current liabilities |
0.103 |
0.097 |
0.096 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
0.733 |
0.097 |
2.752 |
|
|
|
|
|
|
TOTAL |
27.123 |
28.822 |
30.323 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
3.070 |
2.013 |
2.670 |
|
(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 |
0.400 |
0.400 |
0.400 |
|
(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 |
0.037 |
0.074 |
|
Total Non-Current
Assets |
3.470 |
2.450 |
3.144 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.048 |
|
(b)
Inventories |
1.850 |
1.926 |
1.987 |
|
(c) Trade
receivables |
2.640 |
4.313 |
4.412 |
|
(d) Cash
and cash equivalents |
2.122 |
2.020 |
0.579 |
|
(e) Short-term
loans and advances |
17.040 |
18.113 |
20.143 |
|
(f) Other
current assets |
0.001 |
0.000 |
0.010 |
|
Total
Current Assets |
23.653 |
26.372 |
27.179 |
|
|
|
|
|
|
TOTAL |
27.123 |
28.822 |
30.323 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
0.094 |
0.072 |
0.798 |
|
|
|
Other Income |
2.474 |
2.608 |
0.830 |
|
|
|
TOTAL (A) |
2.568 |
2.680 |
1.628 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
0.076 |
0.060 |
0.247 |
|
|
|
Employee Benefits Expenses |
0.000 |
0.000 |
0.362 |
|
|
|
Other Expenses |
0.370 |
0.338 |
0.296 |
|
|
|
TOTAL (B) |
0.446 |
0.398 |
0.905 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2.122 |
2.282 |
0.723 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.985 |
2.086 |
0.231 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
0.137 |
0.196 |
0.492 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
0.076 |
0.141 |
0.447 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
0.061 |
0.055 |
0.045 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
0.061 |
0.055 |
0.045 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.14 |
-- |
-- |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
64.89 |
76.39 |
5.64 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
2257.45 |
3169.44 |
90.60 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
0.23 |
0.19 |
0.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.06 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
4.46 |
29.27 |
29.84 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
32.27 |
271.88 |
9.88 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
0.500 |
0.500 |
4.423 |
|
Reserves & Surplus |
0.394 |
0.449 |
0.412 |
|
Net
worth |
0.894 |
0.949 |
4.835 |
|
long-term borrowings |
26.677 |
27.776 |
21.555 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
26.677 |
27.776 |
21.555 |
|
Debt/Equity
ratio |
29.840 |
29.269 |
4.458 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales |
0.798 |
0.072 |
0.094 |
|
|
|
-90.977 |
30.556 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales
|
0.798 |
0.072 |
0.094 |
|
Profit |
0.045 |
0.055 |
0.061 |
|
|
5.64% |
76.39% |
64.89% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Dynamic Impex |
0.000 |
0.451 |
|
Anil Kumar |
3.190 |
5.183 |
|
Anil Kumar HUF |
0.000 |
1.225 |
|
Nishant Gupta |
0.896 |
2.696 |
|
Piyush Gupta |
2.381 |
2.511 |
|
Heena Gupta |
1.013 |
1.013 |
|
|
|
|
|
Total |
7.480 |
13.079 |
INDEX OF CHARGE: NO CHARGES EXIST FOR COMPANY
FIXED ASSETS:
·
Air Conditioner
·
Building
·
Car
·
Computer
·
Cycle
·
EPABX
·
Fan
·
Furniture and Fixtures
·
Land
·
Machinery
·
Mobile Phone
·
Refrigerator
·
Scooter
·
TV
·
Tools
·
Tube Well
·
Water Cooler
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.66.79 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.73.10 |
INFORMATION DETAILS
|
Information Gathered
by : |
PPT |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
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 |
|
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.