MIRA INFORM REPORT
|
Report No. : |
305595 |
|
Report Date : |
02.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
LEELA TRADE STEEL AND COMMODITIES INDIA PRIVATE LIMITED (w.e.f
09.09.2011) |
|
|
|
|
Formerly Known
As : |
LEELA TRADSTEEL AND ALLOY PRIVATE LIMITED |
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Registered
Office : |
Office No. 215/16/17, IInd Floor, Kohinoor Arcade, Sector 24, Pune-Bombay
Road, Tilak Chowk, Nigdi, Pune – 411044, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
18.04.2005 |
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Com. Reg. No.: |
11-020582 |
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Capital Investment
/ Paid-up Capital : |
Rs.68.500 Millions |
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|
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CIN No.: [Company Identification
No.] |
U27106PN2005PTC020582 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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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
: |
Supplier of Metal Scrap and Waste
Materials, M.S. Scrap, M.S. Turning Scrap, Copper Scrap and Cast Iron Scrap. |
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|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Even though the company was incorporated on 18th April 2005, it has commenced its business operations from 2012. It is having a satisfactory track record. As claimed by Mr. Kulkarni, Accounts Manager that “LEELA STEEL TRADE CORPORATION” a proprietary concern started in the year 2003 got merged with the subject company in the year 2012. Further he also claimed that all activities of proprietary is now undertaken in the subject company and proprietary concern is no more in existence. The management has failed to file its financial with government department for the year 2014. As per available financial record of 2013, the rating
takes into consideration vast experience of its promoters in a similar
business and their continued and committed funding support marked by steadily
increasing scale of operations and sound profitability achieved from
operations.
However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealings at usual trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: BBB- |
|
Rating Explanation |
Moderate degree of Safety and moderate credit risk. |
|
Date |
29.10.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A3 |
|
Rating Explanation |
Moderate degree of Safety and high credit risk. |
|
Date |
29.10.2014 |
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 DECLIEND
MANAGEMENT NON –COOPERATIVE (91-20-27640633)
LOCATIONS
|
Registered Office : |
Office No. 215/16/17, IInd Floor, Kohinoor Arcade, Sector 24, Pune-Bombay
Road, Tilak Chowk, Nigdi, Pune – 411044, Maharashtra, India |
|
Tel. No.: |
91-20-27640644/27640633 |
|
Mobile No.: |
91-9822454666 (Mr. Pritesh Mehta) |
|
Fax No.: |
91-20-27641744 |
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E-Mail : |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Pritesh Futarmalji Mehta |
|
Designation : |
Director |
|
Address : |
Sector 24, Plot 82/84, Apurva Garden, S.No. 110,
Pradhikaran, Nigdi, Pune – 411044, Maharashtra, India |
|
Date of Appointment : |
18.04.2005 |
|
DIN No.: |
02037850 |
|
PAN No.: |
AJYPM9525D |
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|
|
|
Name : |
Mr. Ritesh Futarmalji Mehta |
|
Designation : |
Director |
|
Address : |
Off. 217, SCD 2, SCT 24, Tilak Chowk, Kohinoor Arcad, Nigadi, Pune - 411044, Maharashtra, India |
|
Date of Appointment : |
18.04.2005 |
|
DIN No.: |
02037851 |
|
|
|
|
Name : |
Mr. Kamleshkumar Futarmal Mehta |
|
Designation : |
Director |
|
Address : |
4145, Chinch Road, Barshi, Solapur - 413401, Maharashtra, India |
|
Date of Appointment : |
18.04.2005 |
|
DIN No.: |
02047745 |
|
|
|
|
Name : |
Mr. Futarmal Mulchand Mehta |
|
Designation : |
Director |
|
Address : |
4145, Chinch Road, Barshi, Solapur - 413401, Maharashtra, India |
|
Date of Appointment : |
18.04.2005 |
|
DIN No.: |
02438829 |
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|
|
|
Name : |
Leeladevi Futermalji Mehta |
|
Designation : |
Director |
|
Address : |
4145, Chinch Road, Barshi, Solapur - 413401, Maharashtra, India |
|
Date of Appointment : |
18.04.2005 |
|
DIN No.: |
02438844 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Mehta Futarmalji Pritesh |
4010000 |
58.54 |
|
Mehta Futarmal Kamleshkumar |
10000 |
0.15 |
|
Mehta Mulchand Futarmal |
10000 |
0.15 |
|
Mehta Futermalji Leeladevi |
10000 |
0.15 |
|
Mehta Futarmalji Ritesh |
2610000 |
38.10 |
|
Mehta Ritesh Disha |
160000 |
2.34 |
|
Mehta Pritesh Dimple |
40000 |
0.58 |
|
Total |
6850000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Supplier of Metal Scrap and Waste
Materials, M.S. Scrap, M.S. Turning Scrap, Copper Scrap and Cast Iron Scrap. |
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Products : |
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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 : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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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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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Anil S Agarwal and Company Chartered Accountants |
|
Address : |
12-13 Vishal Residency, Mumbai-Pune Road, Kasarwadi, Pune-411034, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ADOPA5871A |
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Memberships : |
-- |
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Collaborators : |
-- |
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Other Related Party : |
Mehta Scrap Merchant-Futurmal Mehta |
CAPITAL STRUCTURE
AFTER 30.09.2013
Authorised Capital : Rs. 100.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 73.852 Millions
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
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|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6850000 |
Equity Shares |
Rs.10/- each |
Rs. 68.500
Millions |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
68.500 |
0.500 |
0.500 |
|
(b) Reserves & Surplus |
58.542 |
(0.155) |
(0.448) |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
39.380 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
166.422 |
0.345 |
0.052 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
55.588 |
0.000 |
0.000 |
|
(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) |
55.588 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
494.050 |
0.715 |
0.065 |
|
(b) Trade payables |
4.247 |
0.000 |
0.000 |
|
(c) Other current liabilities |
0.154 |
0.029 |
0.035 |
|
(d) Short-term provisions |
14.429 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
512.880 |
0.744 |
0.100 |
|
|
|
|
|
|
TOTAL |
734.890 |
1.089 |
0.152 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
70.834 |
0.364 |
0.000 |
|
(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) |
1.881 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.459 |
0.000 |
(0.026) |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.025 |
|
Total
Non-Current Assets |
73.174 |
0.364 |
(0.001) |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
293.150 |
0.000 |
0.000 |
|
(c) Trade receivables |
334.112 |
0.000 |
0.000 |
|
(d) Cash and cash equivalents |
6.686 |
0.565 |
0.153 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
27.768 |
0.160 |
0.000 |
|
Total
Current Assets |
661.716 |
0.725 |
0.153 |
|
|
|
|
|
|
TOTAL |
734.890 |
1.089 |
0.152 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL
|
1461.849 |
0.696 |
0.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
(Including Financial Expenses and Depreciation ) |
0.379 |
0.095 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
0.317 |
(0.095) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
0.050 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
0.267 |
(0.095) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
48.202 |
0.267 |
(0.095) |
|
|
|
|
|
|
|
Less |
TAX |
13.500 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
34.702 |
0.267 |
(0.095) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
5.07 |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.58 |
24.52 |
-62.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.77 |
-1.83 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.30 |
2.07 |
1.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.29 |
0.97 |
1.53 |
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 |
0.500 |
0.500 |
68.500 |
|
Reserves & Surplus |
(0.448) |
(0.155) |
58.542 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
39.380 |
|
Net
worth |
0.052 |
0.345 |
166.422 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
55.588 |
|
Short term borrowings |
0.065 |
0.715 |
494.050 |
|
Total
borrowings |
0.065 |
0.715 |
549.638 |
|
Debt/Equity
ratio |
1.250 |
2.072 |
3.303 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
0.000 |
0.696 |
1461.849 |
|
|
|
209,935.776 |
NET PROFIT MARGIN
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
0.000 |
0.696 |
1461.849 |
|
Profit |
(0.095) |
0.267 |
34.702 |
|
|
38.36% |
2.37% |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
No |
|
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 LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from directors |
29.208 |
0.000 |
|
Loans and advances from others |
4.354 |
0.000 |
|
Other loans and advances, others |
6.205 |
0.000 |
|
Short-term
borrowings |
|
|
|
Loans and advances from others |
0.000 |
0.837 |
|
Total |
39.767 |
0.837 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10459896 |
03/12/2013 * |
75,000,000.00 |
THE COSMOS CO-OPERATIVE BANK LIMITED (CHINCHWAD BR |
269/270, SHANIWAR PETH, PUNE, MAHARASHTRA - 411030, INDIA |
B92697713 |
|
2 |
10425050 |
17/04/2013 |
686,800,000.00 |
THE COSMOS CO-OPERATIVE BANK LIMITED (CHINCHWAD BR |
269/270, SHANIWAR PETH, PUNE, MAHARASHTRA - 411030, INDIA |
B74914946 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
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 records 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.61.76 |
|
|
1 |
Rs.93.13 |
|
Euro |
1 |
Rs.70.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
41 |
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.