MIRA INFORM REPORT
|
Report No. : |
321515 |
|
Report Date : |
11.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
PRATAHKAL MULTIMEDIA LIMITED |
|
|
|
|
Registered
Office : |
543, Laxmi Plaza, Sab TV Lane, New Link Road, Andheri (West), Mumbai –
400053, Maharashtra |
|
Tel. No.: |
91-22-26319926 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
17.11.2005 |
|
|
|
|
Com. Reg. No.: |
11-157352 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.7.230 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U92100MH2005PLC157352 |
|
|
|
|
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 : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Daily Hindi newspaper and portal. Also the service provider of
newspaper and magazine publishers, civil news services. |
|
|
|
|
No. of Employees
: |
1500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behavior : |
Usually correct |
|
|
|
|
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 and healthy.
Profitability of the company is fair. 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.
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. Tndranath Jha |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-26319926 |
|
Date : |
07.05.2015 |
LOCATIONS
|
Registered Office : |
543, Laxmi Plaza, Sab TV Lane, New Link Road, Andheri West, Mumbai –
400053, Maharashtra, India |
|
Tel. No.: |
91-22-26319926 / 32233334 |
|
Fax No.: |
91-22-26319928 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office: |
45,3 Laxmi Plaza, Laxmi Industrial Estate, New Link Road Andheri,
Mumbai – 400053, Maharashtra, India |
|
|
|
|
Branches : |
Located at:
|
DIRECTORS
AS ON: 30.09.2014
|
Name : |
Mr. Suresh Goyal |
|
Designation : |
Managing director |
|
Address : |
118, Inside Suraj Pole, Udaipur - 313 001, Rajasthan |
|
Date of Appointment : |
17.11.2005 |
|
DIN No.: |
01037293 |
|
|
|
|
Name : |
Mr. Sunil Goyal |
|
Designation : |
Whole-time director |
|
Address : |
118, Inside Suraj Pole, Udaipur - 313 001, Rajasthan |
|
Date of Appointment : |
17.11.2005 |
|
DIN No.: |
00840478 |
|
|
|
|
Name : |
Mr. Sandeep Goyal |
|
Designation : |
Whole-time director |
|
Address : |
118, Inside Suraj Pole, Udaipur - 313 001, Rajasthan |
|
Date of Appointment : |
17.11.2005 |
|
DIN No.: |
01037304 |
|
|
|
|
Name : |
Mr. Mahip Goyal |
|
Designation : |
Whole-time director |
|
Address : |
118, Inside Suraj Pole, Udaipur - 313 001, Rajasthan |
|
Date of Appointment : |
04.01.2006 |
|
DIN No.: |
01037298 |
|
|
|
|
Name : |
Mr. Sumit Goyal |
|
Designation : |
DirecWhole-time directortor |
|
Address : |
118, Inside Suraj Pole, Udaipur - 313 001, Rajasthan |
|
Date of Appointment : |
04.01.2006 |
|
DIN No.: |
01037299 |
KEY EXECUTIVES
|
Name : |
Jayabala B. Sanghvi |
|
Designation : |
Company Secretary |
|
|
|
|
Name : |
Mr. Tndranath Jha |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Mahip Goyal |
10000 |
1.38 |
|
Sangeeta Goyal |
10000 |
1.38 |
|
Sumit Goyal |
10000 |
1.38 |
|
Sunil Goyal |
110000 |
15.22 |
|
Suresh Goyal |
410000 |
56.72 |
|
Meeta Goyal |
98000 |
13.55 |
|
Sandeep Goyal |
75000 |
10.37 |
|
Total |
723000 |
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 : |
Daily Hindi newspaper and portal. Also the service provider of
newspaper and magazine publishers, civil news services. |
|
|
|
|
Services : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
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|
Agencies Held : |
Not Available |
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|
Exports : |
Not Divulged |
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Imports : |
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Products : |
Raw Material |
|
Countries : |
Russia |
|
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Terms : |
|
|
Selling : |
Cash and Credit (30 days / 60 days / 90 days) |
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|
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Purchasing : |
Cash and Credit (30 days / 60 days / 90 days) |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
1500 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Mor and Associates Chartered Accountants |
|
Address : |
5, Chamunda Heritage, Sai Mandir Road, Koldongri, Andheri (East),
Mumbai-400069, Maharashtra, India |
|
Tel. No.: |
91-22-26848230/85708535 |
|
Fax No.: |
Not Available |
|
PAN No.: |
AAMFM0733G |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
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|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON: 31.03.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000,000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
723,000 |
Equity Shares |
Rs.10/- each |
Rs.7.230
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 |
7.230 |
7.230 |
7.230 |
|
(b) Reserves & Surplus |
18.141 |
14.966 |
9.988 |
|
(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) |
25.371 |
22.196 |
17.218 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
2.920 |
0.113 |
0.050 |
|
(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) |
2.920 |
0.113 |
0.050 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
15.021 |
10.381 |
1.426 |
|
(b) Trade payables |
101.394 |
85.103 |
73.278 |
|
(c) Other current
liabilities |
28.763 |
20.563 |
2.983 |
|
(d) Short-term
provisions |
8.865 |
6.365 |
4.485 |
|
Total Current
Liabilities (4) |
154.043 |
122.412 |
82.172 |
|
|
|
|
|
|
TOTAL |
182.334 |
144.721 |
99.440 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
49.836 |
39.954 |
33.166 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
8.987 |
11.209 |
0.327 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
58.823 |
51.163 |
33.493 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.918 |
0.888 |
0.903 |
|
(c) Trade receivables |
83.464 |
66.008 |
48.053 |
|
(d) Cash and cash
equivalents |
28.230 |
19.662 |
11.303 |
|
(e) Short-term loans
and advances |
10.815 |
6.833 |
5.437 |
|
(f) Other current
assets |
0.084 |
0.167 |
0.251 |
|
Total Current Assets |
123.511 |
93.558 |
65.947 |
|
|
|
|
|
|
TOTAL |
182.334 |
144.721 |
99.440 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
72.725 |
46.395 |
136.242 |
|
|
|
Other Income |
169.681 |
120.457 |
0.119 |
|
|
|
TOTAL (A) |
242.406 |
166.852 |
136.361 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
0.000 |
0.000 |
101.408 |
|
|
|
Purchase and Direct Expenses |
196.399 |
130.754 |
0.000 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(0.030) |
0.042 |
(0.174) |
|
|
|
Employees benefits expense |
6.520 |
5.978 |
5.032 |
|
|
|
Other expenses |
26.888 |
20.102 |
23.082 |
|
|
|
TOTAL
(B) |
229.777 |
156.876 |
129.348 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
12.629 |
9.976 |
7.013 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.028 |
0.042 |
0.119 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
12.601 |
9.934 |
6.894 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.119 |
2.893 |
1.599 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
8.482 |
7.041 |
5.295 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.307 |
2.063 |
1.774 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.175 |
4.978 |
3.521 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
14.966 |
9.988 |
6.467 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
18.141 |
14.966 |
9.988 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.39 |
6.88 |
4.87 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
|
The above information has been parted by Mr. Tndranath Jha.
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
4.37 |
10.73 |
2.58 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
17.37 |
21.50 |
5.15 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.65 |
4.87 |
5.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33 |
0.32 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.59 |
0.47 |
0.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.80 |
0.76 |
0.80 |
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 |
7.230 |
7.230 |
7.230 |
|
Reserves & Surplus |
9.988 |
14.966 |
18.141 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
17.218 |
22.196 |
25.371 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
1.426 |
10.381 |
15.021 |
|
Total borrowings |
1.426 |
10.381 |
15.021 |
|
Debt/Equity ratio |
0.083 |
0.468 |
0.592 |
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 |
136.242 |
46.395 |
72.725 |
|
|
|
(65.947) |
56.752 |
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 |
136.242 |
46.395 |
72.725 |
|
Profit |
3.521 |
4.978 |
3.175 |
|
|
2.58% |
10.73% |
4.37% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBTS: NOT AVAILABLE
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last four 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 |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
No |
INDEX OF CHARGES : NO
CHARGES EXIST FOR COMPANY
UNSECURED LOAN
|
PARTICULAR |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
Short Term
Borrowing |
|
|
|
HDFC Bank |
0.331 |
0.852 |
|
TATA Capital A/c |
0.000 |
0.000 |
|
|
|
|
|
Total |
0.331 |
0.852 |
FIXED ASSETS:
- Computer
- Plant and Machinery
- Telephone
- Furniture
- Vehicle
- Electrical Equipment
- Land and 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.64.05 |
|
|
1 |
Rs.99.04 |
|
Euro |
1 |
Rs.71.76 |
INFORMATION DETAILS
|
Information Gathered
by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
45 |
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.