PRELIMINARY REPORT
|
Report No. : |
346044 |
|
Report Date : |
17.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
AMBICA PHARMA MACHINES PRIVATE LIMITED
|
|
|
|
|
Registered
Office : |
Plot No. 1, Phase II, GIDC, Vatva, Ahmedabad – 382445, Gujarat |
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Country : |
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|
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Financials (as
on) : |
31.03.2013 |
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|
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Date of
Incorporation : |
04.06.2006 |
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|
|
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Com. Reg. No.: |
04-048387 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24297GJ2006PTC048387 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMA06453G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCA7945N |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Pharmaceuticals Packing Machinery. |
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No. of Employees
: |
60 [Approximately] |
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs.68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August. Onion
prices have risen nearly 300 % from last September. Vegetables cost nearly 90 %
more than they did last year. Wake up to the economic contribution of slum
dwellers. They contribute more than 7.5 % to the country’s gross domestic
product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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
31-03-2012.
LOCATIONS
|
Registered Office/ Factory : |
Plot No. 1, Phase II, GIDC, Vatva, Ahmedabad-382445, |
|
Tel. No.: |
91-79-25893671/ 25893672/ 40269800 to 99 |
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Fax No.: |
91-79-25893672/ 25893671/ 40269840 |
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E-Mail : |
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Website : |
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|
Location : |
Owned |
DIRECTORS
(AS ON 30.09.2013)
|
Name : |
Mrs. Bhikhiben Kalidas Mistry |
|
Designation : |
Director |
|
Address : |
31-B, Vasant Nagar Society, |
|
Date of Birth/Age : |
22.04.1939 |
|
Date of Appointment : |
28.06.2006 |
|
PAN No.: |
ABEPM2659J |
|
DIN No.: |
00466357 |
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 |
U74999GJ1995PTC024168 |
AMBICA
LABELLING PRIVATE LIMITED |
Director |
15/01/1995 |
15/01/1995 |
- |
Active |
|
|
2 |
U24297GJ2006PTC048387 |
AMBICA
PHARMA MACHINES PRIVATE LIMITED |
Director |
04/06/2006 |
04/06/2006 |
- |
Active |
NO |
|
Name : |
Mr. Ashok Kalidas Mistry |
|
Designation : |
Director |
|
Address : |
31/B, Vasantnagar Society, |
|
Date of Appointment : |
04.06.2006 |
|
DIN No.: |
00060532 |
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 |
U74999GJ1995PTC024168 |
AMBICA
LABELLING PRIVATE LIMITED |
Director |
01/04/1997 |
01/04/1997 |
- |
Active |
|
|
2 |
U24297GJ2006PTC048387 |
AMBICA
PHARMA MACHINES PRIVATE LIMITED |
Director |
04/06/2006 |
04/06/2006 |
- |
Active |
NO |
|
Name : |
Mrs. Manaswi Ashok Mistry |
|
Designation : |
Director |
|
Address : |
31/B, Vasantnagar Society, |
|
Date of Appointment : |
04.06.2006 |
|
DIN No.: |
00066865 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2013)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Ashok Kalidas Mistry |
|
490 |
|
Manaswi Ashok Mistry |
|
490 |
|
Ashok Kalidas Mistry HUF |
|
7220 |
|
Bhikhiben Kalidas Mistry |
|
900 |
|
Kalidas R Mistry HUF |
|
900 |
|
|
|
|
|
Total |
|
10000 |
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
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|
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Directors or relatives of directors |
|
100.00 |
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Pharmaceuticals Packing Machinery. |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
60 [Approximately] |
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Bankers : |
·
Axis Bank Limited Trishul 3rd Floor, Opposite Samartheshwar Temple, Law
Garden Ellisbridge, Ahmedabad -
380006, Gujarat, India ·
HDFC Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institution : |
· Kotak Mahindra Prime Limited |
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Auditors : |
|
|
Name : |
Mahendra Shah and Associates Chartered Accountants |
|
Address : |
E-Block, 3rd Floor, Capital Commercial Centre, |
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Tel. No.: |
91-79-26575085/086 |
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Fax No.: |
91-79-26584359 |
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E-Mail : |
|
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PAN No.: |
AADFM4086H |
CAPITAL STRUCTURE
(AS ON 31.03.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
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|
Particulars of shareholders holding more than 5% shares in the company
|
Name of Shareholders |
AS AT 31st
March, 2013 |
|
|
|
No. of Shares |
% of Holding |
|
Ashok Kalidas Mistry HUF |
7220 |
72.20 |
|
Bhikhiben Kalidas Mistry |
900 |
9.00 |
|
Kalidas R Mistry HUF |
900 |
9.00 |
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
9.843 |
8.921 |
7.628 |
|
(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) |
9.943 |
9.021 |
7.728 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
28.302 |
24.845 |
0.109 |
|
(b) Deferred tax liabilities (Net) |
1.889 |
1.469 |
1.797 |
|
(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) |
30.191 |
26.314 |
1.906 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
14.734 |
0.000 |
20.347 |
|
(b)
Trade payables |
20.963 |
16.447 |
10.234 |
|
(c)
Other current liabilities |
6.922 |
6.657 |
1.428 |
|
(d)
Short-term provisions |
1.410 |
1.207 |
2.267 |
|
Total
Current Liabilities (4) |
44.029 |
24.311 |
34.276 |
|
|
|
|
|
|
TOTAL |
84.163 |
59.646 |
43.910 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
26.535 |
21.094 |
18.223 |
|
(ii)
Intangible Assets |
0.206 |
0.219 |
0.232 |
|
(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 |
0.072 |
0.058 |
0.058 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
26.813 |
21.371 |
18.513 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
26.043 |
18.975 |
14.926 |
|
(c)
Trade receivables |
14.617 |
13.038 |
3.228 |
|
(d)
Cash and cash equivalents |
11.234 |
1.545 |
3.912 |
|
(e)
Short-term loans and advances |
5.456 |
4.717 |
3.331 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
57.350 |
38.275 |
25.397 |
|
|
|
|
|
|
TOTAL |
84.163 |
59.646 |
43.910 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
77.983 |
54.935 |
68.454 |
|
|
|
Other Income |
1.362 |
1.301 |
0.995 |
|
|
|
TOTAL (A) |
79.345 |
56.236 |
69.449 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
32.497 |
20.025 |
35.755 |
|
|
|
Changes in inventories |
0.000 |
2.250 |
(1.459) |
|
|
|
Employee benefits expenses |
12.498 |
9.811 |
9.415 |
|
|
|
Other Expenses |
27.107 |
19.076 |
20.104 |
|
|
|
Exceptional Items |
0.000 |
0.000 |
(0.057) |
|
|
|
TOTAL (B) |
72.102 |
51.162 |
63.758 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
7.243 |
5.074 |
5.691 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.570 |
2.555 |
2.412 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.673 |
2.519 |
3.279 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.915 |
1.349 |
1.438 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.758 |
1.170 |
1.841 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.837 |
(0.124) |
0.625 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.921 |
1.294 |
1.216 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
8.921 |
7.627 |
6.411 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
9.842 |
8.921 |
7.627 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
NA |
21.096 |
|
|
TOTAL EARNINGS |
NA |
NA |
21.096 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
NA |
0.487 |
|
|
TOTAL IMPORTS |
NA |
NA |
0.487 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
92.14 |
121.59 |
121.59 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.16
|
2.30 |
1.75 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.25
|
2.13 |
2.69 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.09
|
1.96 |
4.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.13 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
4.33
|
2.75 |
2.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.30
|
1.57 |
0.74 |
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 |
Yes |
|
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 |
No |
|
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 |
YES |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOANS:
|
Particulars |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
|
|
Long Term
Borrowings |
|
|
|
From Director |
11.689 |
9.116 |
|
From Shareholders |
13.103 |
12.203 |
|
|
|
|
|
Total |
24.792 |
21.319 |
PERFORMANCE
The company has achieved turnover of Rs.77.983
Millions. The net Profit after tax for the year is Rs.0.922 Million.
INDEX OF CHARGES
|
S.No. |
Charge
ID |
Date
of Charge Creation/Modification |
Charge
amount secured |
Charge
Holder |
Address |
Service
Request Number (SRN) |
|
1 |
10417496 |
12/03/2013 |
20,000,000.00 |
Axis
Bank Limited |
TRISHUL
3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW GARDEN ELLISBRIDGE, AHMEDABAD,
GUJARAT - 380006, INDIA |
B72503790 |
FIXED ASSETS:
· Leasehold Land
· Furniture and Fixtures
· Plant and Machinery
· Computers
· Building
· Office Equipment
· Vehicles
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.64.97 |
|
|
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.73.99 |
INFORMATION DETAILS
|
Report Prepared
by : |
NKT |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.