MIRA INFORM REPORT
|
Report No. : |
319607 |
|
Report Date : |
08.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
MEHTA AND ASSOCIATES FIRE PROTECTION SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
403, Sachet IV, Prernatirth Derasar Road, Jodhpur, Satellite,
Ahmedabad – 380015, Gujarat |
|
Tel No. : |
91-79-26922557 |
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|
|
|
Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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|
Date of
Incorporation : |
15.10.1984 |
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|
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Com. Reg. No.: |
04-007345 |
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|
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Capital
Investment / Paid-up Capital : |
Rs.6.107 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U27310GJ1984PTC007345 |
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|
|
IEC No.: |
Not Available |
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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
: |
Manufacturer, sell, supply and deal in firefighting equipments and
fire protection systems. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 100000 |
|
|
|
|
Status : |
Moderate |
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|
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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 moderate track record. There seems slight dip in the profit of the company during 2014. The rating takes into consideration Modest scale of the company’s
operations with revenue growth impacted in the last three fiscal years due to
delays in execution of projections on account of on-site constraints. However, trade relations are 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 |
ICRA Ratings |
|
Rating |
Cash Credit=BB- |
|
Rating Explanation |
Have moderate credit quality and carry high
credit risk. |
|
Date |
June, 2014 |
|
Rating Agency Name |
ICRA Ratings |
|
Rating |
Non fund based Short term facilities=A4 |
|
Rating Explanation |
Have minimal degree of safety ad carry very
high credit risk. |
|
Date |
June, 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 / Head Office : |
403, Sachet IV, Prernatirth Derasar Road, Jodhpur, Satellite,
Ahmedabad – 380015, Gujarat, India |
|
Tel. No.: |
91-79-26922557 / 26922717 / 26922772 |
|
Fax No.: |
91-79-26922668 |
|
E-Mail : |
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|
Website : |
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|
|
|
|
Delhi Office : |
2nd Floor, B-55/A, Kalkaji, New Delhi – 110019, India |
|
Tel. No.: |
91-11-26211658 |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Mehta Kaushal Jayant |
|
Designation : |
Whole-time Director |
|
Address : |
47, Shyamal Row House 1, Behind Manekbag Hall, Satellite Road, Ahmedabad – 380015, Gujarat, India |
|
Date of Appointment : |
10.11.2005 |
|
DIN No.: |
02692471 |
|
|
|
|
Name : |
Mr. Kunal Jayant Mehta |
|
Designation : |
Whole-time Director |
|
Address : |
47, Shyamal Row House 1, Behind Manekbag Hall, Satellite Road, Ahmedabad – 380015, Gujarat, India |
|
Date of Appointment : |
01.09.2001 |
|
DIN No.: |
02692493 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Ranna Jayant Mehta |
15268 |
2.50 |
|
Kunal Jayant Mehta |
290090 |
47.50 |
|
Kaushal Jayant Mehta |
290090 |
47.50 |
|
Varija Kunal Mehta |
15267 |
2.50 |
|
Total |
610715 |
100.00 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, sell, supply and deal in firefighting equipments and
fire protection systems. |
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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 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 Available |
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Bankers : |
·
Kotak Mahindra Bank Limited, 36-38A, Nariman
Bhavan, 227, D, Nariman Point, Mumbai – 400021, Maharashtra, India ·
Dena Bank, Ellis bridge Branch, Pritam Rai road,
Ellis bridge, Ahmedabad – 380006, Gujarat, India |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
C. R. Sharedalal and Company Chartered Accountants |
|
Address : |
101, 102, Parishram Apartment, 5-B Rashmi Society, Mithakhali Six
Road, Ahmedabad – 380015, Gujarat, India |
|
PAN No.: |
AAAFC6902F |
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|
|
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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 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
625,000 |
Equity Shares |
Rs.10/- each |
Rs. 6.250 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
610,717 |
Equity Shares |
Rs.10/- each |
Rs. 6.107
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 |
6.107 |
6.107 |
6.107 |
|
(b) Reserves & Surplus |
29.317 |
25.096 |
20.446 |
|
(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) |
35.424 |
31.203 |
26.553 |
|
|
|
|
|
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(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
14.144 |
11.464 |
10.389 |
|
(b) Deferred tax liabilities
(Net) |
0.331 |
0.423 |
0.466 |
|
(c) Other long term
liabilities |
0.050 |
0.050 |
0.050 |
|
(d) long-term provisions |
0.000 |
0.585 |
0.000 |
|
Total
Non-current Liabilities (3) |
14.525 |
12.522 |
10.905 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
39.692 |
47.631 |
25.504 |
|
(b) Trade payables |
71.922 |
66.746 |
54.486 |
|
(c) Other current liabilities |
11.882 |
12.129 |
11.089 |
|
(d) Short-term provisions |
6.410 |
2.560 |
2.931 |
|
Total
Current Liabilities (4) |
129.906 |
129.066 |
94.010 |
|
|
|
|
|
|
TOTAL |
179.855 |
172.791 |
131.468 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
13.170 |
14.398 |
12.933 |
|
(ii) Intangible Assets |
0.465 |
0.775 |
1.292 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
1.016 |
|
(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 |
1.244 |
0.992 |
1.727 |
|
(e) Other Non-current assets |
13.753 |
26.460 |
14.224 |
|
Total
Non-Current Assets |
28.632 |
42.625 |
31.192 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
7.375 |
0.426 |
2.152 |
|
(c) Trade receivables |
123.494 |
113.283 |
81.398 |
|
(d) Cash and cash equivalents |
16.829 |
13.677 |
13.534 |
|
(e) Short-term loans and
advances |
2.133 |
1.806 |
2.176 |
|
(f) Other current assets |
1.392 |
0.974 |
1.016 |
|
Total
Current Assets |
151.223 |
130.166 |
100.276 |
|
|
|
|
|
|
TOTAL |
179.855 |
172.791 |
131.468 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
208.209 |
204.381 |
209.259 |
|
|
Other Income |
2.800 |
4.313 |
1.200 |
|
|
TOTAL
(A) |
211.009 |
208.694 |
210.459 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of Stock-in-Trade |
128.788 |
120.646 |
114.557 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(6.950) |
1.726 |
(0.531) |
|
|
Employees benefits expense |
19.349 |
21.191 |
27.534 |
|
|
Other expenses |
48.931 |
42.751 |
52.283 |
|
|
TOTAL
(B) |
190.118 |
186.314 |
193.843 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
20.891 |
22.380 |
16.616 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
13.179 |
13.291 |
9.640 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.712 |
9.089 |
6.976 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
1.797 |
2.085 |
2.268 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
5.915 |
7.004 |
4.708 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
1.695 |
2.355 |
1.616 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
4.220 |
4.649 |
3.092 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
6.91 |
7.61 |
5.06 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
2.03 |
2.27 |
1.48 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
10.03 |
10.95 |
7.94 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.29 |
4.05 |
3.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.22 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.52 |
1.89 |
1.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.16 |
1.01 |
1.07 |
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 |
6.107 |
6.107 |
6.107 |
|
Reserves & Surplus |
20.446 |
25.096 |
29.317 |
|
Net
worth |
26.553 |
31.203 |
35.424 |
|
|
|
|
|
|
long-term borrowings |
10.389 |
11.464 |
14.144 |
|
Short term borrowings |
25.504 |
47.631 |
39.692 |
|
Total
borrowings |
35.893 |
59.095 |
53.836 |
|
Debt/Equity
ratio |
1.352 |
1.894 |
1.520 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
209.259 |
204.381 |
208.209 |
|
|
|
(2.331) |
1.873 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
209.259 |
204.381 |
208.209 |
|
Profit |
3.092 |
4.649 |
4.220 |
|
|
1.48% |
2.27% |
2.03% |
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 |
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 |
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 |
No |
|
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 |
Operation
The performance of the company during the year of operation remained
satisfactory. The company registered sales and other income of Rs. 204.381
Million. After provision for taxation the company’s Net profit has been
registered at Rs. 4.650 Million the profitability and operation of the company
has increased due to efficient management of the company’s resources including
human resources at all levels.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
From parties other than banks |
0.749 |
0.693 |
|
From Banks |
3.629 |
1.338 |
|
Loan from directors |
1.069 |
0.467 |
|
|
|
|
|
SHORT TERM
BORROWING |
|
|
|
From Directors Relative |
1.967 |
0.000 |
|
|
|
|
|
Total |
7.414 |
2.498 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10523228 |
08/09/2014 |
17,600,000.00 |
EDELWEISS
RETAIL FINANCE LIMITED |
2A
& 2B, SAVITRI TOWER, 3A, DR. MARTIN LUTHER KING |
C24699134 |
|
2 |
90111463 |
24/07/2013
* |
135,450,000.00 |
DENA
BANK |
ELLISBRIDGE
BRANCH PRITAM RAI ROAD, ELLISBRIDGE, |
B83147322 |
|
3 |
90111414 |
06/01/2011
* |
135,450,000.00 |
DENA
BANK |
ELLISBRIDGE
BRANCH PRITAM RAI ROAD, ELLISBRIDGE, |
B04517975 |
*Date of modification Charges
FIXED ASSETS:
·
Buildings
·
Plant and Machinery
·
Furniture and Fixture
·
Vehicles
·
Office Equipment
·
Computer
·
Computer Software
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.63.88 |
|
|
1 |
Rs.97.20 |
|
Euro |
1 |
Rs.72.51 |
INFORMATION DETAILS
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
ART |
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 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
30 |
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.