MIRA INFORM REPORT
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Report No. : |
306027 |
|
Report Date : |
06.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
VOXCO PIGMENTS AND CHEMICALS PRIVATE LIMITED (w.e.f.06.09.2011) |
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Formerly Known
As : |
VAPI OXIDE COLOURS PRIVATE LIMITED |
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Registered
Office : |
Plot No. 794, 794/1/A & 7941 / B G.I.D.C, Vapi - 396195, Valsad,
Gujarat |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
24.02.2003 |
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Com. Reg. No.: |
04-042058 |
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Capital
Investment / Paid-up Capital : |
Rs. 3.000 Million |
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CIN No.: [Company Identification
No.] |
U24224GJ2003PTC042058 |
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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
: |
Subject is engaged in Manufacturing of Inorganic Chrome Pigments. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 73000 |
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Status : |
Satisfactory |
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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 satisfactory track record. General financial position of the company seems to be sound. Profitability
of the company is fair. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company can be considered 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.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating : BB- |
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Rating Explanation |
Inadequate – credit – quality and high credit risk. |
|
Date |
31.03.2014 |
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.
LOCATIONS
|
Registered Office / Factory Office / Site : |
Plot No. 794, 794/1/A & 7941 / B G.I.D.C, Vapi - 396195, Valsad,
Gujarat, India |
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Tel. No.: |
91-260-2434088/2431760 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Mumbai Office: |
A/403, Kemp Plaza, Mind Space, Off Link Road, Malad (West), Mumbai –
400064, India. |
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Tel. No.: |
91-22-28767751/52 |
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Mobile No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
DIRECTORS
As on 27.09.2014
|
Name : |
Mr. Prabhu Raveshia |
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Designation : |
Whole Time Director |
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Address : |
B-401, Shanti Park, Garodia Nagar, 4B Vallabhbaug Lane, Sharmin,
Ghatkopar, Mumbai – 400077, Maharashtra, India |
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Date of Birth/Age : |
27.11.1940 |
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Date of Appointment : |
24.02.2003 |
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DIN No.: |
00534546 |
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Name : |
Mr. Ashok Gheewala |
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Designation : |
Whole Time Director |
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Address : |
Hitarth C-operative Housing Society, Room No. 402, B Building, Plot -14/3,
Pardi, Vapi – 396191, Gujarat, India |
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Date of Birth/Age : |
15.12.1956 |
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Date of Appointment : |
24.02.2003 |
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DIN No.: |
00534563 |
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Name : |
Mr. Ishan Raveshia |
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Designation : |
Whole Time Director |
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Address : |
Flat No. 3502, B Wing, 35th Floor, Tower B, Imperial,
Heights, Behind Oshiwaradepo, Link Road, Goregaon (West), Mumbai – 400062,
Maharashtra, India. |
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Date of Birth/Age : |
27.10.1969 |
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Date of Appointment : |
24.02.2003 |
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DIN No.: |
00544985 |
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Other Directorship:
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Name : |
Mr. Vijay Sunmukhbhai Joshi |
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Designation : |
Whole Time Director |
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Address : |
Himgiri Appartments, Block No. 201, Kanchanganga Complex Pardi,
Valsad, Vapi – 396191, Gujarat, India |
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Date of Birth/Age : |
08.03.1957 |
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Date of Appointment : |
03.08.2010 |
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DIN No.: |
03060818 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Prabhu Lavji Raveshia |
|
68245 |
|
Ashok Gheewala |
|
35000 |
|
Ishan Prabhu Raveshia |
|
71625 |
|
Nalini Prabhu Raveshia |
|
47750 |
|
Nanda Ashok Gheewala |
|
25000 |
|
Ishan P Raveshia (HUF) |
|
20875 |
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Neha Ishan Raveshia |
|
27500 |
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Gaurav P Raveshia |
|
4000 |
|
Navin A. Patel |
|
5 |
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Total |
|
300000 |
Equity Share Break up (Percentage of Total Equity)
As on 27.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Manufacturing of Inorganic Chrome Pigments. |
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Products : |
·
Inorganic
Chrome Pigments VU Series ·
Inorganic
Chrome Pigments VO Series ·
Inorganic
Chrome Pigments VS Series ·
Inorganic
Chrome Pigments VSO Series ·
Classical
Organic AZO Pigments for Coatings ·
Classical
Organic AZO Pigments for Inks ·
Lead
Replacement Organic Pigment |
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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 : |
Not Divulged |
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Bankers : |
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Facilities : |
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Financial Institute : |
Voxco Pigments and Chemicals Private Limited, GIDC Branch, Null, Vapi
– 396195, Gujarat, India |
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Auditors : |
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Name : |
G.B. Laddha and Company LLP Chartered Accountants |
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Address : |
1-2, Second Floor, Sahara Market, Silvassa Road, Vapi - 396195,
Gujarat, India |
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Tel. No.: |
91-8347744411/422/433 |
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Fax No.: |
91-260-2425966 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAEFG2280N |
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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Enterprises in which control : |
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CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
300000 |
Equity Shares |
Rs.10/- each |
Rs.3.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
300000 |
Equity Shares |
Rs.10/- each |
Rs.3.000 Millions |
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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 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
3.000 |
3.000 |
3.000 |
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(b) Reserves &
Surplus |
22.406 |
18.397 |
13.906 |
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(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’ Funds
(1) + (2) |
25.406 |
21.397 |
16.906 |
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(3) Non-Current
Liabilities |
|
|
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(a) long-term borrowings |
12.336 |
40.970 |
26.821 |
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(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) |
12.336 |
40.970 |
26.821 |
|
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|
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(4) Current Liabilities |
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|
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(a) Short term borrowings |
50.864 |
43.931 |
30.602 |
|
(b) Trade payables |
86.902 |
44.613 |
12.406 |
|
(c) Other current
liabilities |
3.986 |
2.932 |
3.358 |
|
(d) Short-term provisions |
2.061 |
1.900 |
1.696 |
|
Total Current Liabilities
(4) |
143.813 |
93.376 |
48.062 |
|
|
|
|
|
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TOTAL |
181.555 |
155.743 |
91.789 |
|
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II.
ASSETS |
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|
|
(1) Non-current assets |
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|
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(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
23.573 |
21.824 |
22.604 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.471 |
0.423 |
0.836 |
|
(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) |
0.555 |
1.727 |
0.494 |
|
(d) Long-term Loan and Advances |
2.842 |
0.355 |
1.185 |
|
(e) Other Non-current
assets |
0.384 |
0.000 |
0.000 |
|
Total Non-Current Assets |
27.825 |
24.329 |
25.119 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
|
|
(b) Inventories |
62.065 |
49.869 |
25.225 |
|
(c) Trade receivables |
70.355 |
61.949 |
28.107 |
|
(d) Cash and cash
equivalents |
1.538 |
3.251 |
5.529 |
|
(e) Short-term loans and
advances |
19.772 |
16.328 |
7.493 |
|
(f) Other current assets |
0.000 |
0.017 |
0.316 |
|
Total Current Assets |
153.730 |
131.414 |
66.670 |
|
|
|
|
|
|
TOTAL |
181.555 |
155.743 |
91.789 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
347.603 |
272.148 |
192.698 |
|
|
Other Income |
12.187 |
1.526 |
1.806 |
|
|
TOTAL (A) |
359.790 |
273.674 |
194.504 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
273.763 |
217.477 |
147.399 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(12.963) |
(16.245) |
(9.392) |
|
|
Employees benefits
expense |
18.033 |
11.182 |
9.372 |
|
|
Other expenses |
61.801 |
44.193 |
32.333 |
|
|
TOTAL (B) |
340.634 |
256.607 |
179.712 |
|
|
|
|
|
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|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
19.156 |
17.067 |
14.792 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
8.830 |
6.639 |
5.601 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
10.326 |
10.428 |
9.191 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.214 |
3.962 |
4.269 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
6.112 |
6.466 |
4.922 |
|
|
|
|
|
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|
Less |
TAX (I) |
2.102 |
1.976 |
1.285 |
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|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-I) (J) |
4.010 |
4.490 |
3.637 |
|
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|
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|
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|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
101.137 |
51.802 |
11.998 |
|
|
TOTAL IMPORTS |
101.137 |
51.802 |
11.998 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
13.37 |
14.97 |
12.12 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.15 |
1.65 |
1.89 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
5.51 |
6.27 |
7.68 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.39 |
4.21 |
5.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.30 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.49 |
3.97 |
3.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.07 |
1.41 |
1.39 |
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 |
3.000 |
3.000 |
3.000 |
|
Reserves & Surplus |
13.906 |
18.397 |
22.406 |
|
Net worth |
16.906 |
21.397 |
25.406 |
|
|
|
|
|
|
long-term borrowings |
26.821 |
40.970 |
12.336 |
|
Short term borrowings |
30.602 |
43.931 |
50.864 |
|
Total borrowings |
57.423 |
84.901 |
63.200 |
|
Debt/Equity ratio |
3.397 |
3.968 |
2.488 |
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 |
192.698 |
272.148 |
347.603 |
|
|
|
41.230 |
27.726 |
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 |
192.698 |
272.148 |
347.603 |
|
Profit |
3.637 |
4.490 |
4.010 |
|
|
1.89% |
1.65% |
1.15% |
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 |
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 |
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 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10406944 |
12/03/2013 * |
72,504,000.00 |
BANK OF BARODA |
IBB BRANCH, MATHRU ASHISH BUILDING,, S. V. ROAD, |
B74116625 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
From Director |
2.119 |
2.133 |
|
From Director HUF |
0.295 |
0.000 |
|
From Relatives |
3.173 |
3.529 |
|
Trade Deposit |
0.000 |
31.846 |
|
From Members |
4.541 |
2.200 |
|
Total |
10.128 |
39.708 |
FIXED ASSETS
Tangible Assets
- Building
- Computer and
Printer
- Electrical
Installation
- Furniture and
Fixtures
- High
Efficiency Boilers
- Laboratory
Equipment’s
- Office Equipment’s
- Plant and
Machinery
- Pollution
Control System
- Site
Development
- Vehicle
- Leasehold
Land
- Building
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.61.87 |
|
|
1 |
Rs.94.07 |
|
Euro |
1 |
Rs.70.19 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared by
: |
RCH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
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 |
|
42 |
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.