MIRA INFORM REPORT
|
Report No. : |
321573 |
|
Report Date : |
16.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
SICGILSOL INDIA PRIVATE LIMITED |
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Registered Office
: |
Dhun Building, # 84 (Old No. 827), 6th Floor, Anna Salai, Chennai
– 600002, Tamilnadu |
|
|
Tel. No.: |
91-44-28521644 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
07.05.2010 |
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Com. Reg. No.: |
18-075627 |
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Capital
Investment / Paid-up Capital : |
Rs. 151.367 Million |
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CIN No.: [Company Identification
No.] |
U24120TN2010PTC075627 |
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IEC No.: |
0410031313 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CHES34309C |
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PAN No.: [Permanent Account No.] |
AAOCS2470H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Supplier of Gas storage Tank, Gas Pipeline and Medical
Gas Equipment. |
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No. of Employees
: |
Not Divulged |
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RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 580000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is joint Venture between SICGIL India Limited, India and SOL
S. p. a., Italy. It is an established company having moderate track.
SICGILSOL produces, sells and distributes technical gases and related
technologies in the Indian market, both in the industrial and healthcare
sector. The company has incurred loss from its operations for consecutive
years. Further it has low reserves. However, the rating takes note of strong
liquidity profile and debt free balance sheet of the company during FY2014. Trade relations are fair. Business is active. Payment terms are slow
but correct. In the view of aforesaid, subject 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 DENIED
Management non co-operative
Contact No.: 91-44-39850700
LOCATIONS
|
Registered Office / Corporate
Office : |
Dhun Building, # 84 (Old No. 827), 6th Floor, Anna Salai, Chennai
– 600002, Tamilnadu, India |
|
Tel. No.: |
91-44-28521644 / 3985 0700 |
|
Fax No.: |
91-44- 44-28521249 |
|
E-Mail : |
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Website : |
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Location : |
Owned |
|
Locality : |
Commercial |
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Branch 1 : |
Plot No: 4/B, V.P.Industrial WareHouse, Opposite L&T works, NH:8 Village : Padamla, Baroda – 391350, Gujarat, India |
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Branch 2: |
220, Express Highway, Manali, Chennai – 600 060, Tamilnadu, India |
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Branch 3: |
K-1 Sidco industrial estate, Pollachi main road, Kuruchi Coimbatore, Tamilnadu, India |
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Branch 4: |
Plot # S2, SIPCOT Industrial Complex, Phase III, Ranipet, Vellore – 632401, Tamilnadu, India |
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Branch 5: |
Shop No.3 , Gut No- 189 , Village -Mahalunge, Talegaon- Chakan Road, Tal- Khed, Pune - 410501 Maharashtra, India |
DIRECTORS
AS ON 30.07.2014
|
Name : |
Mr. Farooque
Dadabhoy
|
|
Designation : |
Managing Director |
|
Address : |
No 13, First Street, Subba Rao Avenue, Chennai – 600006, Tamilnadu,
India |
|
Date of Birth/Age : |
17.02.1947 |
|
Date of Appointment : |
14.05.2010 |
|
DIN No.: |
00237941 |
|
|
|
|
Name : |
Mr. Aldo Fumagalli Romario |
|
Designation : |
Director |
|
Address : |
Corso Di Porta, Romana 76-20122,Milano, Italy |
|
Date of Birth/Age : |
23.04.1958 |
|
Date of Appointment : |
28.07.2011 |
|
DIN No.: |
03060359 |
|
|
|
|
Name : |
Mr. Marco Annoni |
|
Designation : |
Director |
|
Address : |
Via Torti G. B., 18, Monza – 20052, Italy |
|
Date of Birth/Age : |
08.07.1961 |
|
Date of Appointment : |
28.07.2011 |
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DIN No.: |
02978558 |
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|
|
|
Name : |
Mr. Daniele Forni |
|
Designation : |
Managing Director |
|
Address : |
20148 Milano Via Gavirate, 27, Italy |
|
Date of Birth/Age : |
19.02.1959 |
|
Date of Appointment : |
28.07.2011 |
|
DIN No.: |
02978456 |
|
|
|
|
Name : |
Mr. Vasudev
Narayanan Vijaykumar
|
|
Designation : |
Director |
|
Address : |
10,III Cross Street, Elango Nagar, Virugambakkam, Chennai – 600092,
Tamilnadu, India |
|
Date of Birth/Age : |
22.09.1960 |
|
Date of Appointment : |
28.07.2011 |
|
DIN No.: |
00237503 |
|
|
|
|
Name : |
Mr. Nauzer
Farooque Dadabhoy
|
|
Designation : |
Director |
|
Address : |
No 13, First Street, Subba Rao Avenue, Chennai – 600006, Tamilnadu,
India |
|
Date of Birth/Age : |
22.01.1976 |
|
Date of Appointment : |
30.07.2014 |
|
DIN No.: |
00629088 |
KEY EXECUTIVES
|
Name : |
Mr. A Ramanathan |
|
Designation : |
Company Secretary |
|
Address : |
Plot No. 84, Door No. 33, Kamarajar Salai, AVM Colony, Virugambakkam,
Chennai – 600092, Tamilnadu, India |
|
Date of Birth/Age : |
15.02.1967 |
|
Date of Appointment : |
25.04.2012 |
|
PAN No.: |
AFOPR9629F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.07.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
SICGIL India Limited, India |
7568335 |
50.00 |
|
SOL S. P. A., Italy |
7568335 |
50.00 |
|
Total |
15136670 |
100.00 |
AS ON 02.12.2014
|
Names of Shareholders |
No. of Shares |
|
SICGIL India Limited, India |
7600000 |
|
SOL S. P. A., Italy |
7600000 |
|
Total |
15200000 |
AS ON 30.07.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
50.00 |
|
Bodies
corporate |
50.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Gas storage Tank, Gas Pipeline and
Medical Gas Equipment. |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
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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Auditors : |
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|
Name : |
Manohar Chowdhry and Associates Chartered Accountants |
|
Address : |
New No.27, Subramaniam Street, Abiramapuram, Chennai – 600018, Tamilnadu, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFM9052A |
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Memberships : |
-- |
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Collaborators : |
-- |
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Joint
Venture : |
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Other Related Party
: |
SICGIL Industrial Gases Limited CIN No.: U24299TN1992PLC053959 |
CAPITAL STRUCTURE
AFTER AS ON
30.07.2014
Authorised Capital: Rs. 500.000 Million
Issued, Subscribed & Paid-up Capital: Rs. 319.367
Million
AS ON 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
50,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 500.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15,136,670 |
Equity Shares |
Rs. 10/- each |
Rs. 151.367 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 |
151.367 |
131.367 |
99.367 |
|
(b) Reserves & Surplus |
49.486 |
30.669 |
39.506 |
|
(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) |
200.853 |
162.036 |
138.873 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
25.613 |
24.855 |
0.000 |
|
(c)
Other long term liabilities |
15.606 |
14.619 |
1.963 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
41.219 |
39.474 |
1.963 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
17.654 |
8.655 |
7.336 |
|
(c)
Other current liabilities |
2.323 |
2.629 |
1.915 |
|
(d)
Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
19.977 |
11.284 |
9.251 |
|
|
|
|
|
|
TOTAL |
262.049 |
212.794 |
150.087 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
151.327 |
158.515 |
87.498 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
18.382 |
5.402 |
6.065 |
|
(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 |
4.099 |
|
(d) Long-term Loan
and Advances |
5.767 |
3.063 |
4.956 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
175.476 |
166.980 |
102.618 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
17.466 |
8.426 |
6.311 |
|
(c)
Trade receivables |
44.228 |
25.970 |
14.551 |
|
(d)
Cash and cash equivalents |
16.310 |
3.200 |
20.315 |
|
(e)
Short-term loans and advances |
7.808 |
7.446 |
5.602 |
|
(f)
Other current assets |
0.761 |
0.772 |
0.690 |
|
Total
Current Assets |
86.573 |
45.814 |
47.469 |
|
|
|
|
|
|
TOTAL |
262.049 |
212.794 |
150.087 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
14.497 |
(7.057) |
0.621 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
24.922 |
20.825 |
9.762 |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
(10.425) |
(27.882) |
(9.141) |
|
|
|
|
|
|
|
Less |
TAX |
0.758 |
28.954 |
(6.033) |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
(11.183) |
(56.836) |
(3.108) |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(0.74) |
(3.75) |
(0.21) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
|
(4.28) |
(13.44) |
(6.53) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.05) |
(0.17) |
(0.07) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.33 |
4.06 |
5.13 |
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 |
99.367 |
131.367 |
151.367 |
|
Reserves & Surplus |
39.506 |
30.669 |
49.486 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
138.873 |
162.036 |
200.853 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
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 |
No |
|
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 |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10371083 |
19/02/2013
* |
31,000,000.00 |
HDFC
BANK LIMITED |
HDFC
BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL |
B72568561 |
* Date of charge modification
OPERATIONS
During the year, the Company has made a profit before depreciation of Rs.14.50 million as against a loss before depreciation of Rs.7.06 million in the previous year. The loss after providing for deferred tax is Rs11.18 million in the current year as against Rs.56.83 million in the previous year.
The general recession in the automobile industry affected the company’s growth, as in the case of all industrial gas manufacturers. The price of various products dropped owing to decrease in demand. In spite of the constraints, the volumes have increased across all products. However, since the Company is dependent on external sources outside its area of operations, the cost of inward freight has increased substantially. The increased cost of diesel has also impacted the profit to a large extent. The demand for project engineering has also reduced owing to market sluggishness. During the year, the Company has also been involved in two major medical projects and equipment trading.
The gas business is capital intensive requiring investment in setting up of air separation units, besides requiring investments in distribution and storage network. In view of the huge investments required across various segments, the company has been selective in its business growth.
The Company periodically reviews the factors influencing the company’s business and take appropriate measures to ensure that the company’s interest and that of the JV shareholders are protected.
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 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. 63.58 |
|
|
1 |
Rs. 100.30 |
|
Euro |
1 |
Rs. 72.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
MAN |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
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 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
36 |
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.