MIRA INFORM REPORT
|
Report No. : |
340890 |
|
Report Date : |
14.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
KELLOGG INDIA PRIVATE LIMITED (w.e.f.
26.03.2002) |
|
|
|
|
Formerly Known
As : |
KELLOGG INDIA LIMITED |
|
|
|
|
Registered
Office : |
Plot No. L2 and L3, MIDC, Taloja, Raigad – 410 208, |
|
Tel. No.: |
91-22-30927081 |
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|
|
|
Country : |
India |
|
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|
|
Financials (as
on) : |
31.03.2014 |
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|
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Date of
Incorporation : |
10.10.1990 |
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Com. Reg. No.: |
11-058489 |
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|
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Capital
Investment / Paid-up Capital : |
Rs.757.960
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15490MH1990PTC058489 |
|
|
|
|
IEC No.: |
0393032043 |
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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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|
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Line of Business
: |
Subject is engaged in Manufacturing and Selling of Processed Food
Business. |
|
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|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Aaa (86) |
|
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 |
|
Maximum Credit Limit : |
USD 13000000 |
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|
|
Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Kellogg's is an American multinational food manufacturing company headquartered in Battle Creek, Michigan, United States. Kellogg's produces cereal and convenience foods, including cookies, crackers, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles, and vegetarian foods. Kellogg's products are manufactured in 18 countries and marketed in over 180 countries. Kellogg's ranked 210 in the fortune 500 companies with brand name value of USD 7,082m Million and enterprise value of USD 22,530m Million. For the financial year ended 2014, Kellogg India has reported growth of 17.83% in total revenue at Rs. 6059.400 Million as against Rs. 5142.50 million and net profit of company has registered a growth of 74.47% compared to that of previous year. Company possesses strong financial risk profile marked by strong operating efficiencies along with adequate net worth base and favorable liquidity profile of the company. Further, it is also to be noted company has diversified business portfolio backed by its global footprints in food processing industry and decent brand recognition among the customer worldwide. Moreover, rating also takes into consideration well qualified and experience management team. Trade relations are reported as trustworthy. Payments are reported to be regular and as per commitment. In view aforesaid, the company can be considered good for normal business dealings at usual trade terms and conditions. |
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
31-03-2015.
INFORMATION DECLINED BY
|
Name : |
Mr. Fauzan |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-30927081 |
|
Date : |
12.09.2015 |
LOCATIONS
|
Registered Office / Factory: |
Plot No L2 and L3, MIDC, Taloja, Raigad – 410 208, |
|
Tel. No.: |
91-22-30927081 / 30927000/ 66484000 |
|
Fax No.: |
91-22-30927001 |
|
E-Mail : |
|
|
Website : |
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|
Location : |
Leased |
|
|
|
|
Corporate office / Regional Sales Office : |
1001-1002, 10th Floor, Hiranandani Business Park, Delphi Building, 501, “B” Wing, Powai, Mumbai, Maharashtra |
|
Tel. No.: |
91-22-66484000 |
|
Fax No.: |
91-22-66484008 |
|
|
|
|
Plant: |
1355, Cashew Boulevard, Sector-27, Sricity - 517588, Andhra Pradesh,
India |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Ms. Sangeeta Sandeep Pendurkar |
|
Designation : |
Managing Director |
|
Address : |
3901-3902, 39, Aqua Planet Godrej, 30, K. Khadye Marg, Mahalaxmi,
Mumbai-400011, Maharashtra, India |
|
Date of Birth/Age : |
24.01.1966 |
|
Date of Appointment : |
29.11.2010 |
|
DIN No.: |
03321646 |
|
|
|
|
Name : |
Mr. Tharakad Swaminathan Venkatram |
|
Designation : |
Director |
|
Address : |
RH-606, Purva Riviera, Airport Road, Marathahallai, Bangalore-560037,
Karnataka, India |
|
Date of Birth/Age : |
27.08.1968 |
|
Date of Appointment : |
24.04.2012 |
|
DIN No.: |
05262277 |
|
|
|
|
Name : |
Mr. Harpreet Singh JasjitSingh Tibb |
|
Designation : |
Additional director |
|
Address : |
Dr. Charat Singh Bungalow, Dr. Charat Singh Colony,
Andheri, Kurla Road, Mumbai -400093, Maharashtra, India |
|
Date of Appointment : |
09.01.2015 |
|
DIN No.: |
07063885 |
KEY EXECUTIVES
|
Name : |
Mr. Fauzan |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Kellogg Company, USA |
|
75794319 |
|
Kellogg Asia Inc., USA |
|
1728 |
|
Total |
|
75796047 |
As on 05.11.2014
|
Names of Allottees |
|
No. of Shares |
|
Kellogg Company, USA |
|
1162010 |
|
Total |
|
1162010 |
Equity Share Break up (Percentage of Total Equity)
As on 26.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Manufacturing and Selling of Processed Food
Business. |
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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 |
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Purchasing : |
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PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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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 : |
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|
Name : |
Lovelock and Lewes Chartered Accountants |
|
Address : |
252, Veer Sawarkar, MargShivaji Park, Dadar, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AABFL5878L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
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Fellow Subsidiary
Companies*: |
NOTE: * The list of fellow subsidiaries has been limited to entities with whom transactions have taken place. Subsidiaries of the holding company, Kellogg Company, USA that are under common control with the reporting entity with whom there are no transactions, have not been disclosed. |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
350000000 |
Equity Shares |
Rs.10/- each |
Rs. 3500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
76958057 |
Equity Shares |
Rs.10/- each |
Rs. 769.581
Millions |
|
|
|
|
|
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
350000000 |
Equity Shares |
Rs.10/- each |
Rs. 3500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75796047 |
Equity Shares |
Rs.10/- each |
Rs. 757.960
Millions |
|
|
|
|
|
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 |
757.960 |
589.621 |
521.900 |
|
(b) Reserves & Surplus |
3695.243 |
918.819 |
590.728 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
750.425 |
203.160 |
|
Total
Shareholders’ Funds (1) + (2) |
4453.203 |
2258.865 |
1315.788 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
6.558 |
4.723 |
5.048 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.452 |
0.000 |
|
Total
Non-current Liabilities (3) |
6.558 |
5.175 |
5.048 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
983.767 |
729.343 |
613.308 |
|
(c) Other current liabilities |
378.550 |
188.145 |
73.330 |
|
(d) Short-term provisions |
6.292 |
0.000 |
0.168 |
|
Total
Current Liabilities (4) |
1368.609 |
917.488 |
686.806 |
|
|
|
|
|
|
TOTAL |
5828.370 |
3181.528 |
2007.642 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1114.506 |
978.342 |
528.119 |
|
(ii) Intangible Assets |
39.511 |
40.696 |
31.733 |
|
(iii) Capital work-in-progress |
2317.193 |
345.862 |
113.121 |
|
(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 |
812.255 |
802.648 |
516.859 |
|
(e) Other Non-current assets |
2.219 |
0.000 |
5.866 |
|
Total
Non-Current Assets |
4285.684 |
2167.548 |
1195.698 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
459.849 |
372.095 |
220.633 |
|
(c) Trade receivables |
133.372 |
175.042 |
133.375 |
|
(d) Cash and cash equivalents |
790.107 |
312.136 |
334.187 |
|
(e) Short-term loans and
advances |
134.620 |
143.777 |
105.351 |
|
(f) Other current assets |
24.738 |
10.930 |
18.398 |
|
Total
Current Assets |
1542.686 |
1013.980 |
811.944 |
|
|
|
|
|
|
TOTAL |
5828.370 |
3181.528 |
2007.642 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL |
6059.400 |
5142.500 |
3936.100 |
|
|
|
|
|
|
|
|
EXPENSES |
5635.500 |
4817.900 |
3691.300 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
423.900 |
324.500 |
244.800 |
|
|
|
|
|
|
|
|
TAX |
88.400 |
132.000 |
55.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
335.500 |
192.500 |
189.700 |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
460.200 |
270.500 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
NA |
652.900 |
460.200 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
4.43 |
3.27 |
3.63 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
588.541 |
284.198 |
295.196 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.07 |
11.44 |
12.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.14 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13 |
1.11 |
1.18 |
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 |
521.900 |
589.621 |
757.960 |
|
Reserves & Surplus |
590.728 |
918.819 |
3695.243 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
203.160 |
750.425 |
0.000 |
|
Net
worth |
1315.788 |
2258.865 |
4453.203 |
|
|
|
|
|
|
long-term borrowings |
5.048 |
4.723 |
6.558 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
5.048 |
4.723 |
6.558 |
|
Debt/Equity
ratio |
0.004 |
0.002 |
0.001 |
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) |
|
Total Income |
3936.100 |
5142.500 |
6059.400 |
|
|
|
30.650 |
17.830 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
3936.100 |
5142.500 |
6059.400 |
|
Profit |
189.700 |
192.500 |
335.500 |
|
|
4.82% |
3.74% |
5.54% |
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 |
Yes |
|
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
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 |
INDEX
OF CHARGES: NO CHARGES EXIST FOR COMPANY
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
- Leasehold improvements
Intangible assets
- Computer software
- Commercial contractual rights
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.66.39 |
|
UK Pound |
1 |
Rs.102.59 |
|
Euro |
1 |
Rs.74.90 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
10 |
|
PAID-UP CAPITAL |
1~10 |
9 |
|
OPERATING SCALE |
1~10 |
10 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
10 |
|
--PROFITABILITY |
1~10 |
10 |
|
--LIQUIDITY |
1~10 |
9 |
|
--LEVERAGE |
1~10 |
9 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
10 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
86 |
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.