MIRA INFORM REPORT

 

 

Report No. :

310525

Report Date :

05.03.2015

 

IDENTIFICATION DETAILS

 

Name :

DELTA CROP SCIENCES PRIVATE LIMITED

 

 

Registered Office :

Plat  No. 2, 2nd Floor Opposite Icrisat Colony, Bapuji Nagar, Bowenpally, Secunderabad - 500011, Telangana

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

31.12.2008

 

 

Com. Reg. No.:

01-062400

 

 

Capital Investment / Paid-up Capital :

Rs. 5.000 Million

 

 

CIN No.:

[Company Identification No.]

U01403TG2008PTC062400

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is engaged into research, production, processing, packaging and marketing of quality seeds.

 

 

No. of Employees :

22 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (28)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 20000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having moderate track. Even though the company has achieved higher sales turnover, the net profitability is decreasing and it is very low during FY 2014.

 

Reserves of the company is low as well.

 

However trade relations are reported to be fair. Business is active. Payment terms are slow but correct.

 

The company can be considered for business dealings with some caution. 

 

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

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

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 31-03-2014.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Biradar

Designation :

Director

Contact No.:

91-9448323270

Date :

03.03.2015

 

 

LOCATIONS

 

Registered Office :

Plat  No. 2, 2nd Floor Opposite Icrisat Colony, Bapuji Nagar, Bowenpally, Secunderabad – 500011, Telangana, India

Tel. No.:

Not Available

Mobile No.:

91-9448323270 (Mr. Biradar)

Fax No.:

Not Available

E-Mail :

deltaseeds@gmail.com

info@bgassociates.in

Website :

http://www.deltaseeds.net

 

 

Processing Center :

SY No. – 861 / B – Itagi Magod Road Near khb  Colny, Ranebennur, Haveri – 581115, Karnataka, India  

 

DIRECTORS

 

As on 30.09.2014

 

Name :

Mr. Hosamane Jain Jinachandra

Designation :

Director

Address :

1926 A/3 1st Floor, 1st Cross, 1st Bus Stop, Vidyanagar, Taralabalu Badavane, Davangere – 577005, India 

Date of Birth/Age :

01.08.1959

Date of Appointment :

31.12.2008

DIN No.:

02449191

 

 

Name :

Mr. Kotrappagouda Dandappagouda Biradar

Designation :

Director

Address :

Door No. 10/56, 1st Floor, Vijayalaxmi, Gas Hospet, Harapanahalli, Davangere – 583131, India

Date of Birth/Age :

01.07.1970

Date of Appointment :

31.12.2008

DIN No.:

02449269

 

 

Name :

Mr. Siddappa Bhantanur

Designation :

Director

Address :

Near Bus Stand at Po Khaynur, TQ Sindig Bijapur – 586128, India

Date of Birth/Age :

01.07.1968

Date of Appointment :

30.09.2011

DIN No.:

03031656

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U01403TG2008PTC062400

DELTA CROP SCIENCES PRIVATE LIMITED

Director

30-09-2011

16-08-2010

13-10-2014

Active

NO

 

 

Name :

Mr. Vittal Shidray Malgar

Designation :

Director

Address :

C/O Bishatti house opposite P and T qtrs., Umashankar nagar P B. Road, Ranibennur – 581115, India

Date of Birth/Age :

22.07.1969

Date of Appointment :

30.09.2011

DIN No.:

03037413

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U01403TG2008PTC062400

DELTA CROP SCIENCES PRIVATE LIMITED

Director

30-09-2011

16-08-2010

-

Active

NO

 

 

Name :

Mr. Ramanagoud Hanmantray Hachadad

Designation :

Director

Address :

# 1656/12, Nagarathna Nilaya, 4th Cross, S S Layout, Davangere - 577004

Date of Birth/Age :

01.06.1971

Date of Appointment :

30.09.2011

DIN No.:

03164901

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U01403TG2008PTC062400

DELTA CROP SCIENCES PRIVATE LIMITED

Director

30-09-2011

16-08-2010

13-10-2014

Active

NO

 

 

KEY EXECUTIVES

 

Name :

BG and Associates

Designation :

Company Secretaries

Address :

463, 13th Cross, 10th Main Wilson Garden, Bangalore – 560 027, India

Mobile No.:

91-80-41207989

Fax No.:

91-80-41206932

E-Mail :

info@bgassociates.in

 

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2014

 

Names of Shareholders

No. of Shares

%age holding

Hosamane Jain Jinachandra

100000

20.00

Kotrappagouda Dandappagouda Biradar

100000

20.00

Siddappa Bhantanur

100000

20.00

Vittal Shidray Malgar

100000

20.00

Ramanagoud Hanmantray Hachadad

100000

20.00

Total

500000

100.00

 

 

Equity Share Break up (Percentage of Total Equity)

 

As on 30.09.2014

 

Category

Percentage

Directors or relatives of Directors

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged into research, production, processing, packaging and marketing of quality seeds.

 

 

Products :
  • Tomato
  • Hot Pepper
  • Okra
  • Brassica and Beans
  • Red gram
  • Pearl Millet, etc.

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Cash and Cheque

 

 

Purchasing :

Cash and Cheque

 

PRODUCTION STATUS NOT AVAILABLE

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

22 (Approximately)

 

 

Bankers :

Bank Name

State Bank of India

Branch

Ranebennur, Haveri – 581115, Karnataka, India  

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

  • HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai - 400013, Maharashtra, India

 

 

Facilities :

Secured Loan

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

Long-term Borrowings

 

 

HDFC Bank Over Draft A/c No : 00205

3.729

1.661

Innova Toyota car loan EMI - 23636879

1.152

1.365

HDFC Bank Vehicle Loan A/c No : 90190

0.142

0.257

Total

5.023

3.283

 

Note :

Vehicle loan repayable in equated periodic installments upto a 4 years period from the date of respective loan.

 

These are repayable by 2015 – 16.

 

Auditors :

 

Name :

Subramanya and  Company

Chartered Accountants

Address :

No-123/A opp:Sri Manjunath Temple, S.B.M Colony,B S K 1st stage, Bangalore – 560 050, Karnataka, India

Mobile No.:

91-9986525525

E-Mail :

s.subramanyaca@gmail.com

PAN N Income-tax PAN of auditor or auditor's firm :

BWXPS7777N

 

 

Memberships :

Not Divulged

 

 

Collaborators :

Not Divulged

 

 

Associates/Subsidiaries :

Not Divulged

 

 

 

 

 

 

 

 

CAPITAL STRUCTURE

 

As on 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

500000

Equity Shares

Rs.10/- each

Rs.5.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

500000

Equity Shares

Rs.10/- each

Rs.5.000 Million

 

 

 

 

 

 

 

 

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

5.000

5.000

5.000

(b) Reserves & Surplus

2.109

1.949

1.256

(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)

7.109

6.949

6.256

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

7.244

6.210

6.961

(b) Deferred tax liabilities (Net)

 0.000

0.033

0.041

(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)

7.244

6.243

7.002

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

 0.000

 0.000

 0.000

(b) Trade payables

 0.000

4.778

7.385

(c) Other current liabilities

18.082

16.801

7.850

(d) Short-term provisions

0.030

0.036

0.049

Total Current Liabilities (4)

18.112

21.615

15.284

 

 

 

 

TOTAL

32.465

34.807

28.542

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

5.104

4.945

2.422

(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

0.010

0.010

0.010

(c) Deferred tax assets (net)

0.024

 0.000

 0.000

(d)  Long-term Loan and Advances

4.022

2.178

0.842

(e) Other Non-current assets

 

 

 

Total Non-Current Assets

9.160

7.133

3.274

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

 0.000

 0.000

 0.000

(b) Inventories

 0.000

 0.000

 0.000

(c) Trade receivables

10.021

13.514

14.620

(d) Cash and cash equivalents

12.500

13.008

9.906

(e) Short-term loans and advances

0.784

1.152

0.742

(f) Other current assets

 0.000

 0.000

 0.000

Total Current Assets

23.305

27.674

25.268

 

 

 

 

TOTAL

32.465

34.807

28.542

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Revenue

74.163

45.405

24.636

 

Other Income

NA

NA

NA

 

TOTAL

74.163

45.405

24.636

 

 

 

 

 

Less

TOTAL EXPENSES

NA

NA

NA

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

2.679

2.030

1.460

 

 

 

 

 

Less

FINANCIAL EXPENSES

0.947

0.659

0.380

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

1.732

1.371

1.080

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

1.032

0.686

0.175

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

0.700

0.685

0.905

 

 

 

 

 

Less

TAX

0.540

(0.008)

0.185

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

0.160

0.693

0.720

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

6.39

27.72

NA

 

 

Expected Sales (2014 - 2015) : Rs. 30.000 Million

 

The above information has been parted by Mr. Biradar (Director).

 

 

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

0.22

1.53

2.92

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

3.61

4.47

5.93

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

2.16

1.97

3.17

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.10

0.10

0.14

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.02

0.89

1.11

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.29

1.28

1.65

 

 

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

5.000

5.000

5.000

Reserves & Surplus

1.256

1.949

2.109

Net worth

6.256

6.949

7.109

 

 

 

 

long-term borrowings

6.961

6.210

7.244

Short term borrowings

0.000

0.000

0.000

Total borrowings

6.961

6.210

7.244

Debt/Equity ratio

1.113

0.894

1.019

 

 

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)

Total Revenues

24.636

45.405

74.163

 

 

84.303

63.337

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Total Revenues

24.636

45.405

74.163

Profit

0.720

0.693

0.160

 

2.92%

1.53%

0.22%

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

 

Sr. No.

Check List by Info Agents

Available in Report (Yes / No)

1]

Year of Establishment

Yes

2]

Locality of the firm

Yes

3]

Constitutions of the firm

Yes

4]

Premises details

No

5]

Type of Business

Yes

6]

Line of Business

Yes

7]

Promoter's background

Yes

8]

No. of employees

Yes

9]

Name of person contacted

Yes

10]

Designation of contact person

Yes

11]

Turnover of firm for last three years

Yes

12]

Profitability for last three years

Yes

13]

Reasons for variation <> 20%

--

14]

Estimation for coming financial year

Yes

15]

Capital in the business

Yes

16]

Details of sister concerns

No

17]

Major suppliers

No

18]

Major customers

No

19]

Payments terms

Yes

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

No

 

 

UNSECURED LOAN

 

PARTICULARS

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

Long-term Borrowings

 

 

Advance from Directors : and Relatives of directors

 

 
  1. K. D Biragar

0.230

0.435
  1. Ramana Goud

0.103

0.103
  1. Siddanna S. Bantanur

0.206

0.206
  1. Vittal S. Malgar

0.914

1.414

Advance form others (Wife of Director)

 

 

Vijayalakshmi Vittal Malgar

0.769

0.769

Total

2.222

2.927

 

 

 

FIXED ASSETS

 

  • Buildings (Office, Factory)
  • Furniture
  • Electrical Fittings
  • Plant and Machinery
  • Cars
  • Ships
  • Vessels
  • Computer Software
  • Books

 

 

REVIEW OF OPERATION

 

During the year under review, company achieved a turnover of R. 74.126 Million as against a turnover of Rs. 45.366 Million of previous year. However, result in a profit of Rs. 0.160 Million as against profit of Rs. 0.693 Million for previous years. Company is expecting a better performance in the current Financial Year.


 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.61.85

UK Pound

1

Rs.94.96

Euro

1

Rs.69.10

 

 

INFORMATION DETAILS

 

Information Gathered by :

GAY

 

 

Analysis Done by :

SUM

 

 

Report Prepared by :

RCH

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

4

PAID-UP CAPITAL

1~10

4

OPERATING SCALE

1~10

3

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

4

--PROFITABILITY

1~10

2

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--RESERVES

1~10

2

--CREDIT LINES

1~10

3

--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

 

28

 

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

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NB

                                       New Business

 

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PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.