MIRA INFORM REPORT
|
Report No. : |
312952 |
|
Report Date : |
17.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
FUTURA CERAMICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-501, Shapath IV, Opposite Karanavati Club, S G Highway, Ahmedabad – 281769,
Gujarat |
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|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2014 |
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|
Date of
Incorporation : |
26.09.2003 |
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Com. Reg. No.: |
04-042972 |
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Capital
Investment / Paid-up Capital : |
Rs.53.392 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U26933GJ2003PTC042972 |
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|
|
IEC No.: |
Not Available |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRDF00199D |
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PAN No.: [Permanent Account No.] |
AAACF7962D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Ceramics Rollers and Glaze frits. |
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|
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 520000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. The rating take into consideration company’s sound financial risk
profile and fair profitability margins of the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually 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.
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 |
ICRA |
|
Rating |
Cash credit = BB+ |
|
Rating Explanation |
Inadequate credit quality and high credit risk |
|
Date |
May, 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term non-fund based limits = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
May, 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 : |
A-501, Shapath IV, Opposite Karanavati Club, S G Highway, Ahmedabad – 281769,
Gujarat, India |
|
Tel. No.: |
91-79-30078008 / 91-2694-281769 |
|
Fax No.: |
91-79-30078008 |
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E-Mail : |
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|
Website : |
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Factory 1 : |
Survey No. 851/A, Opposite JTI Oil Field Village and P.O. Radhu,
Taluka and District Kheda-387560, Gujarat, India |
|
Tel. No.: |
91-2694-291033 |
|
Fax No.: |
91-2694-281760 / 291034 |
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|
|
|
Factory 2 : |
Plot No. 829, GIDC Jhagadia, Near Fire Station, Jhagadia-393110,
Gujarat, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Kaliprasad Malleswara Satya Kallakuri |
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Designation : |
Director |
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|
Address : |
68, Safal Vihan, Near Eklavya School, Sanand, Ahmedabad – 382210,
Gujarat, India |
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Date of Birth/Age : |
31.08.1972 |
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|
Qualification : |
26.09.2003 |
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DIN No.: |
00439354 |
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Other
Directorship:
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Name : |
Mr. Ravikumar Suryanarayan Rao Chitrapu |
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Designation : |
Director |
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Address : |
31, Akash Neem Co. Op. Society, Opposite Neru Foundation, Bodakdev,
Ahmedabad, |
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Date of Birth/Age : |
06.05.1964 |
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Date of Appointment : |
26.09.2003 |
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DIN No.: |
00439342 |
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Other
Directorship:
|
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Name : |
Mr. Govind Brijmohan Sharma |
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Designation : |
Director |
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Address : |
41, Sangini Bunglows, Opposite Grand Bhagwati, Near Mann Party Plot,
Ahmedabad – 380059, |
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Date of Birth/Age : |
26.09.1958 |
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Date of Appointment : |
26.09.2003 |
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DIN No.: |
00497002 |
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KEY EXECUTIVES
|
Name : |
Kapoor and Ved |
|
Designation : |
Company Secretaries |
|
Address : |
304, Shoppers Plaza-V, Opposite Municipal Market, C.G. Road, Navrangpura,
Ahmedabad, Gujarat, India |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Ravikumar Suryanarayan Rao Chitrapu |
864089 |
|
Govind Brijmohan Sharma |
156250 |
|
Kaliprasad Malleswara Satya Kallakuri |
1534375 |
|
Kavitha Bala |
200000 |
|
KVS Prasad |
100000 |
|
K Seshamma |
100000 |
|
K Mallika |
100000 |
|
Vivek Hebbar |
100000 |
|
Ravikumar Suryanarayan Rao Chitrapu HUF |
864000 |
|
Govind Sharma HUF |
245000 |
|
Kaliprasad Malleswara Satya Kallakuri HUF |
784000 |
|
Columbia Consultants Private Limited |
50000 |
|
D. Sheshagiri Rao |
241575 |
|
TOTAL
|
5339289 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
0.94 |
|
Directors or relatives of Directors |
99.06 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Ceramics Rollers and Glaze frits. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
Not Available |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
(Rs.
In Million)
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Auditors : |
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|
Name : |
Sunil Poddar and Company Chartered Accountants |
|
Address : |
301-305, Vraj Bhumi, B/h Shilp Building, Off C.G. Road, Navrangpura, Ahmedabad- 380009, Gujarat, India |
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Tel. No.: |
91-79-26402893/ 26431097 |
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Fax No.: |
91-79-26462614 |
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PAN No.: |
ABEFS2044F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5400000 |
Equity Shares |
Rs.10/- each |
Rs.54.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5339289 |
Equity Shares |
Rs.10/- each |
Rs.53.392
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 |
53.392 |
47.924 |
47.924 |
|
(b) Reserves &
Surplus |
127.120 |
104.734 |
97.583 |
|
(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) |
180.512 |
152.658 |
145.507 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
71.435 |
43.173 |
57.338 |
|
(b) Deferred tax
liabilities (Net) |
7.030 |
8.049 |
6.358 |
|
(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) |
78.465 |
51.222 |
63.696 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
69.077 |
121.683 |
88.502 |
|
(b) Trade payables |
51.043 |
41.188 |
30.197 |
|
(c) Other current
liabilities |
28.079 |
32.643 |
42.810 |
|
(d) Short-term provisions |
8.980 |
4.895 |
3.584 |
|
Total Current Liabilities
(4) |
157.179 |
200.409 |
165.093 |
|
|
|
|
|
|
TOTAL |
416.156 |
404.289 |
374.296 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
164.181 |
177.499 |
144.136 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
8.739 |
6.595 |
43.470 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
20.318 |
0.000 |
0.000 |
|
Total Non-Current Assets |
193.238 |
184.094 |
187.606 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
48.954 |
81.408 |
65.678 |
|
(c) Trade receivables |
105.012 |
111.331 |
95.057 |
|
(d) Cash and cash
equivalents |
52.733 |
8.979 |
6.820 |
|
(e) Short-term loans and
advances |
2.134 |
4.410 |
0.769 |
|
(f) Other current assets |
14.085 |
14.067 |
18.366 |
|
Total Current Assets |
222.918 |
220.195 |
186.690 |
|
|
|
|
|
|
TOTAL |
416.156 |
404.289 |
374.296 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
Income |
593.794 |
481.753 |
|
|
|
Other Income |
|
5.201 |
4.513 |
|
|
TOTAL |
615.208 |
598.995 |
486.266 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
370.550 |
290.849 |
|
|
|
Purchases of
Stock-in-Trade |
|
9.600 |
7.950 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(12.829) |
(4.626) |
|
|
Employees benefits
expense |
|
13.907 |
13.297 |
|
|
Other expenses |
|
160.157 |
131.629 |
|
|
TOTAL |
575.526 |
541.385 |
439.099 |
|
|
|
|
|
|
|
Less |
|
39.682 |
57.610 |
47.167 |
|
|
|
(Including
Financial and Depreciation expenses) |
|
|
|
Less |
FINANCIAL EXPENSES |
|
21.023 |
17.925 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
36.587 |
29.242 |
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
23.821 |
25.698 |
20.289 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
15.861 |
10.889 |
8.953 |
|
|
|
|
|
|
|
Less |
TAX |
5.146 |
3.522 |
2.767 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
10.715 |
7.367 |
6.186 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
2.01 |
1.38 |
1.16 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Total Income) |
(%) |
1.74 |
1.22 |
1.27 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Total Income) |
(%) |
6.45
|
9.61 |
9.69 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.89 |
2.74 |
2.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.07 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.78 |
1.08 |
1.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.42 |
1.10 |
1.13 |
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 |
47.924 |
47.924 |
53.392 |
|
Reserves & Surplus |
97.583 |
104.734 |
127.120 |
|
Net worth |
145.507 |
152.658 |
180.512 |
|
|
|
|
|
|
long-term borrowings |
57.338 |
43.173 |
71.435 |
|
Short term borrowings |
88.502 |
121.683 |
69.077 |
|
Total borrowings |
145.840 |
164.856 |
140.512 |
|
Debt/Equity ratio |
1.002 |
1.080 |
0.778 |
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 Income |
486.266 |
598.995 |
615.208 |
|
|
|
23.183 |
2.707 |
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 Income |
486.266 |
598.995 |
615.208 |
|
Profit |
6.186 |
7.367 |
10.715 |
|
|
1.27% |
1.23% |
1.74% |
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 |
No |
|
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 |
No |
Note: Registered address has been shifted from the Survey No 851/A, Opposite L and T JTI Oil Field Vill-Radhu Tal and District Kheda – 387560, Gujarat, India to the present address w.e.f. 17.11.2006.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Intercorporate Borrowings |
14.500 |
15.000 |
|
Total |
14.500 |
15.000 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10066942 |
24/01/2014 * |
333,100,000.00 |
STATE BANK OF INDIA |
LAW GARDEN
BRANCH,ZODIAC AVENUE, OPP. COMMISSION |
B96784277 |
|
2 |
10061086 |
24/01/2014 * |
333,100,000.00 |
STATE BANK OF INDIA |
LAW GARDEN
BRANCH,ZODIAC AVENUE,, OPP. COMMISSION |
B96784533 |
* Date of charge modification
FIXED ASSETS
- Land
- Factory Building
- Plant and Machinery
- Admin Building
- Office Equipments
- Furniture and Fittings
- Vehicles
- Computer
- Laboratory Equipment
- Electric Installation
- Weigh Bridge
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.62.82 |
|
|
1 |
Rs.92.82 |
|
Euro |
1 |
Rs.66.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
PNM |
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 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.