MIRA INFORM REPORT
|
Report No. : |
340740 |
|
Report Date : |
11.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
ANUBHA INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
369, 371, 377, N. H. No. 8, Village & Taluka: Palsana, Surat –
394315, Gujarat |
|
Tel. No.: |
91-2622-264259 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
26.10.2012 |
|
|
|
|
Com. Reg. No.: |
04-072459 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.247.600 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18100GJ2012PTC072459 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AALCA0485D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of denim fabrics. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject company promoted by the Surat-based Pratibha group, was
incorporated in October 2012 for implementing a green-field project for
setting up a manufacturing facility for denim fabrics. The company has achieved sales turnover of Rs.29.776 million with
minimal profit of Rs.0.338 million in its first year of business operations. Rating remain constrained on account of company’s limited track record
of business operation marked by low reserves position along with modest balance
sheet profile and risk associated with volatility in raw-material prices. However, rating strength weakness partially offset by credit
enhancement in the form of unconditional and irrevocable corporate guarantee
from spectrum. However, trade relations are reported as fair. Payments are reported
to be slow but correct. In view of aforesaid, the company can be considered for business
dealing 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities= BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit
risk. |
|
Date |
13.11.2014 |
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
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Mr. Pradeep Sharma |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-7698005091 |
|
|
|
|
Name : |
Mr. Tapas |
|
Designation : |
General Manager Operations |
|
Contact No.: |
91-7698005096 |
|
Date : |
11.09.2015 |
LOCATIONS
|
Registered Office : |
369, 371, 377, N. H. No. 8, Village & Taluka: Palsana, Surat –
394315, Gujarat, India |
|
Tel. No.: |
91-2622-264259 |
|
Mobile No.: |
91-7698005091 (Mr. Pradeep) 91-7698005096 (Mr. Tapas) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Aditya Goyal |
|
Designation : |
Director |
|
Address : |
304 A, Apollo Enclave, 14/1, Palasia, Indore - 452016, Madhya Pradesh,
India |
|
Date of Birth/Age : |
17.09.1976 |
|
Date of Appointment : |
26.10.2012 |
|
DIN No.: |
00080392 |
|
|
|
|
Name : |
Mr. Omprakash Ramjas Godara |
|
Designation : |
Director |
|
Address : |
1 Nava Faliya, Palsana, Surat - 394315, Gujarat, India |
|
Date of Birth/Age : |
01.08.1970 |
|
Date of Appointment : |
19.07.2014 |
|
DIN No.: |
06928354 |
|
|
|
|
Name : |
Mr. Amitesh Vidyakar Bansal |
|
Designation : |
Director |
|
Address : |
A/702, 7th Floor, Solitaire Building Tower-4, Brijwasi Estate,
Opposite Umrigar School, Parel Poin, Surat - 395007, Gujarat, India |
|
Date of Appointment : |
20.01.2015 |
|
DIN No.: |
00378316 |
|
|
|
|
Name : |
Mr. Akshat Pramodkumar Chaudhary |
|
Designation : |
Director |
|
Address : |
7/B, Rudraraj Apt, Opposite Arihant Complex, Athwalines, Surat -
395001, Gujarat, India |
|
Date of Appointment : |
20.01.2015 |
|
DIN No.: |
06934700 |
KEY EXECUTIVES
|
Name : |
Mr. Pradeep Sharma |
|
Designation : |
Accounts Department |
|
|
|
|
Name : |
Mr. Tapas |
|
Designation : |
General Manager Operations |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Paresh Chaudhary |
|
330 |
|
Aditya Goyal |
|
15330 |
|
Avneep Bansal |
|
340 |
|
Amitesh Bansal |
|
5000 |
|
Ardent Vincom Private Limited |
|
15000 |
|
Highview Financial Consultancy Private Limited |
|
378500 |
|
Lavender Sales Private Limited |
|
875000 |
|
Rising Cloth Marketing Private Limited |
|
46000 |
|
Spectrum Dyes Chemicals Private Limited |
|
36000 |
|
Vayudoot Commercial Private Limited |
|
784000 |
|
Vidyakar Bansal |
|
5000 |
|
Vijaylakshmi Commercial Private Limited |
|
57500 |
|
Navrang Bio Food Private Limited |
|
135000 |
|
Gazel Venture Private Limited |
|
590000 |
|
Asha Multitrade Private Zippy Trademart Private |
|
305000 |
|
Zippy Trademart Private Limited |
|
55000 |
|
Jib Trading Private Limited |
|
50000 |
|
|
|
|
|
Total |
|
3353000 |
LIST OF ALLOTTEES:
AS ON 25.04.2015
|
Names of Shareholders |
|
No. of Shares |
|
Kottex Industries Private Limited, India |
|
200000 |
|
|
|
|
|
Total |
|
200000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
99.22 |
|
Directors or relatives of Directors |
0.78 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of denim fabrics. |
|
|
|
|
Products : |
Denim Fabrics |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
DSI and Company Chartered Accountants |
|
Address : |
MF/ 14-26, Nariman Point Shopping Centre, Near Raghuvir Bungalows, City Light Road, Surat – 395007, Gujarat, India |
|
PAN No.: |
AAFFD4002N |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital: Rs.500.000 Million
Issued, Subscribed & Paid-up Capital: Rs.487.800
Million
AS ON 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.100/- each |
Rs.500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3353000 |
Equity Shares |
Rs.100/- each |
Rs.335.300 Million |
|
|
|
|
|
AS ON 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.100/- each |
Rs.250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2476000 |
Equity Shares |
Rs.100/- each |
Rs.247.600 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
247.600 |
0.100 |
|
(b) Reserves & Surplus |
|
0.338 |
0.000 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
4.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
247.938 |
4.100 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
315.178 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
315.178 |
0.000 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
0.884 |
0.000 |
|
(b) Trade
payables |
|
7.890 |
0.484 |
|
(c) Other
current liabilities |
|
0.547 |
0.063 |
|
(d) Short-term
provisions |
|
0.178 |
0.000 |
|
Total Current
Liabilities (4) |
|
9.499 |
0.547 |
|
|
|
|
|
|
TOTAL |
|
572.615 |
4.647 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
33.825 |
1.171 |
|
(ii)
Intangible Assets |
|
2.328 |
1.430 |
|
(iii)
Capital work-in-progress |
|
212.581 |
1.163 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.003 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
2.520 |
0.021 |
|
(e) Other
Non-current assets |
|
1.868 |
0.016 |
|
Total Non-Current
Assets |
|
253.125 |
3.801 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
3.968 |
0.000 |
|
(c) Trade
receivables |
|
7.990 |
0.000 |
|
(d) Cash
and cash equivalents |
|
12.521 |
0.356 |
|
(e)
Short-term loans and advances |
|
294.012 |
0.200 |
|
(f) Other
current assets |
|
0.999 |
0.290 |
|
Total
Current Assets |
|
319.490 |
0.846 |
|
|
|
|
|
|
TOTAL |
|
572.615 |
4.647 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
29.776 |
|
|
|
Other Income |
|
|
0.018 |
|
|
|
TOTAL |
|
|
29.794 |
|
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
|
|
29.278 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
0.516 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
|
|
0.516 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.178 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
|
|
0.338 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
0.10 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
|
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
|
0.000 |
0.000 |
|
Cash generated from operations |
|
NA |
NA |
|
Net cash flow from (used in) operations |
|
(299.764) |
0.041 |
KEY
RATIOS
|
PARTICULARS |
|
|
31.03.2014 |
31.03.2013 |
|
Net Profit Margin PAT / Sales |
(%) |
|
1.14 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
|
0.14 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.00 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
|
1.27 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
33.63 |
1.55 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2013 |
31.03.2014 |
|
|
|
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
|
0.100 |
247.600 |
|
Reserves & Surplus |
|
0.000 |
0.338 |
|
Share Application money pending
allotment |
|
4.000 |
0.000 |
|
Net
worth |
|
4.100 |
247.938 |
|
|
|
|
|
|
long-term borrowings |
|
0.000 |
315.178 |
|
Short term borrowings |
|
0.000 |
0.884 |
|
Current Maturities of Long term debt |
|
0.000 |
0.000 |
|
Total
borrowings |
|
0.000 |
316.062 |
|
Debt/Equity
ratio |
|
0.000 |
1.275 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last one year |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last one year |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been
shifted from Office No. 104, Mahadev Complex, Opposite Daxeshwar, Temple, GHB
Road, Fateh Nagar, Pandesara, Surat – 394221, Gujarat,
India to the present address w.e.f.
14.12.2013
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10587147 |
22/08/2015 |
40,000,000.00 |
Bank of Baroda |
Mid Corporate Branch, 2nd Floor,, Baroda Sun Complex, Ghod Dod Road,, Surat, Gujarat - 395007, India |
C62222484 |
|
2 |
10469823 |
11/04/2015 * |
1,430,500,000.00 |
Bank of Baroda |
Mid Corporate Branch, 2nd Floor,, Baroda Sun Complex, Ghod Dod Road,, Surat, Gujarat - 395007, India |
C50281682 |
|
3 |
10469830 |
11/04/2015 * |
1,430,500,000.00 |
Bank of Baroda |
Mid Corporate Branch, 2nd Floor,, Baroda Sun Complex, Ghod Dod Road,, Surat, Gujarat - 395007, India |
C50282169 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
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.66.58 |
|
|
1 |
Rs.102.29 |
|
Euro |
1 |
Rs.74.71 |
INFORMATION DETAILS
|
Information Gathered
by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
32 |
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.