MIRA INFORM REPORT
|
Report No. : |
342208 |
|
Report Date : |
25.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
POLY HOSE INDIA (RUBBER) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.F37-F42, Sipcot Industrial Park, Pennalur, Sriperumbuthur Taluk,
Tiruvallur-602105, Tamilnadu |
|
Tel. No.: |
91-44-26412830 / 26428116 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
05.08.2004 |
|
|
|
|
Com. Reg. No.: |
18-053900 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 81.562 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25191TN2004PTC053900 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEP07273A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCP4173F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufactures hydraulic and industrial hoses, which are used in the mining, construction, agriculture, and automotive industries. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was set up by Mr. Y.J Shabbir in 2004. It is part of the
Ployhose Rubber group. The company possesses a decent profile marked by moderate gearing,
improvement in its cash accruals, decent networth base along with ample
liquidity and decent profitability. Trade relations are fair. Business is active. Payment terms are
reported to be regular and as per commitments. In view of established position in the rubber hose market, the company
can be considered for 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 |
CRISIL |
|
Rating |
Long term rating BBB+ |
|
Rating Explanation |
Have moderate degree of safety and carry moderate credit risk |
|
Date |
10.06.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating A2 |
|
Rating Explanation |
Have strong degree of safety and carry low credit risk |
|
Date |
10.06.2015 |
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 : |
Ms. Malati |
|
Designation : |
Accounts Departments |
|
Contact No.: |
91-44-26412830 |
|
Date : |
22.09.2015 |
LOCATIONS
|
Registered Office/ Manufacturing Unit
: |
Plot No.F37-F42, Sipcot Industrial Park, Pennalur, Sriperumbuthur
Taluk, Tiruvallur-602105, Tamilnadu, India
|
|
Tel. No.: |
91-44-26412830 / 26428116 |
|
Fax No.: |
91-44-26428093 |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
#186/187 P. H. Road, Alsa Towers Kilpauk Chennai - 600 010, Tamilnadu, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Shabbir Yusufbhai Jamnagarwala |
|
Designation : |
Managing director |
|
Address : |
Basera Apartments, Flat No.2C, 46, Besant Avenue Road, Adyar, Chennai
– 600 020, Tamilnadu, India |
|
Date of Birth/Age : |
16.04.1961 |
|
Date of Appointment : |
05.08.2004 |
|
DIN No.: |
00958177 |
|
|
|
|
Name : |
Mr. Shamsuddin Ali Asger |
|
Designation : |
Director |
|
Address : |
No.4, Old No.163, Santhome High Road, Mylapore, Chennai – 600 004,
Tamilnadu, India |
|
Date of Birth/Age : |
13.11.1979 |
|
Date of Appointment : |
05.08.2004 |
|
DIN No.: |
01345230 |
|
|
|
|
Name : |
Mr. Jonathan Wayne Pressler |
|
Designation : |
Nominee director |
|
Address : |
For Caterpillar Asia Pte Limited, Via Dante Aligheri, 8, Basiglo,
Milan – 200080 |
|
Date of Birth/Age : |
29.03.1962 |
|
Date of Appointment : |
12.09.2007 |
|
DIN No.: |
01759322 |
KEY EXECUTIVES
|
Name : |
Ms. Malati |
|
Designation : |
Accounts Departments |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Y J Shabbir |
|
30619 |
|
Polyhose India Private Limited, India |
|
26000 |
|
Caterpillar Asia Pte Limited, Singapore |
|
24943 |
|
Total |
|
81562 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
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 |
30.58 |
|
Bodies corporate |
31.88 |
|
Directors or relatives of Directors |
37.54 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20342208%2025-Sep-2015_files/image016.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufactures hydraulic and industrial hoses, which are used in the mining, construction, agriculture, and automotive industries. |
|
|
|
|
Products : |
Not Available |
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|
|
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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|
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Exports : |
Not Divulged |
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|
|
Imports : |
Not Divulged |
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|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
Somasundaram and Associates Chartered Accountants |
|
Address : |
10E, Karthik Apartments, No. 46, Vijayaraghava Road, T. Nagar, Chennai
– 600017, Tamilnadu, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AASPS4961Q |
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|
|
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Memberships : |
-- |
|
|
|
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Collaborators : |
-- |
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|
|
|
Associates : |
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
105,000 |
Equity Shares |
Rs.1000/- each |
Rs. 105.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
81,562 |
Equity Shares |
Rs.1000/- each |
Rs. 81.562
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 |
81.562 |
65.000 |
65.000 |
|
(b) Reserves & Surplus |
619.668 |
265.319 |
232.783 |
|
(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) |
701.230 |
330.319 |
297.783 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
80.730 |
121.130 |
161.530 |
|
(b) Deferred tax liabilities (Net) |
1.137 |
0.000 |
0.000 |
|
(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) |
81.867 |
121.130 |
161.530 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
131.688 |
141.575 |
|
(b) Trade
payables |
37.784 |
104.513 |
90.947 |
|
(c) Other
current liabilities |
5.340 |
4.078 |
7.164 |
|
(d) Short-term
provisions |
56.978 |
33.142 |
14.833 |
|
Total Current
Liabilities (4) |
100.102 |
273.421 |
254.519 |
|
|
|
|
|
|
TOTAL |
883.199 |
724.870 |
713.832 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
360.501 |
284.241 |
302.196 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
2.131 |
23.242 |
17.135 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3.500 |
3.500 |
3.500 |
|
(c) Deferred tax assets (net) |
0.000 |
1.209 |
0.305 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
366.132 |
312.192 |
323.136 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
79.836 |
82.574 |
134.485 |
|
(c) Trade
receivables |
280.051 |
267.313 |
217.184 |
|
(d) Cash
and cash equivalents |
15.210 |
7.348 |
2.502 |
|
(e)
Short-term loans and advances |
128.032 |
49.011 |
25.009 |
|
(f) Other
current assets |
13.938 |
6.432 |
11.516 |
|
Total
Current Assets |
517.067 |
412.678 |
390.696 |
|
|
|
|
|
|
TOTAL |
883.199 |
724.870 |
713.832 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
938.599 |
796.487 |
820.276 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
875.582 |
745.878 |
786.258 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
63.017 |
50.609 |
34.018 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
23.346 |
18.073 |
8.754 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
39.671 |
32.536 |
25.264 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
486.39 |
500.55 |
388.67 |
|
%20PRIVATE%20LIMITED%20-%20342208%2025-Sep-2015_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20342208%2025-Sep-2015_files/image004.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20342208%2025-Sep-2015_files/image005.gif){kind=small}
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) operation |
(5.568) |
128.028 |
34.018 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
4.23 |
4.08 |
3.08 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.18 |
7.26 |
4.91 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.15 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.12 |
0.77 |
1.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.17 |
1.51 |
1.54 |
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 |
65.000 |
65.000 |
81.562 |
|
Reserves & Surplus |
232.783 |
265.319 |
619.668 |
|
Net
worth |
297.783 |
330.319 |
701.230 |
|
|
|
|
|
|
long-term borrowings |
161.530 |
121.130 |
80.730 |
|
Short term borrowings |
141.575 |
131.688 |
0.000 |
|
Total
borrowings |
303.105 |
252.818 |
80.730 |
|
Debt/Equity
ratio |
1.018 |
0.765 |
0.115 |
%20PRIVATE%20LIMITED%20-%20342208%2025-Sep-2015_files/image018.gif)
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 |
820.276 |
796.487 |
938.599 |
|
|
|
(2.900) |
17.842 |
%20PRIVATE%20LIMITED%20-%20342208%2025-Sep-2015_files/image020.gif)
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 |
820.276 |
796.487 |
938.599 |
|
Profit |
25.264 |
32.536 |
39.671 |
|
|
3.08% |
4.08% |
4.23% |
%20PRIVATE%20LIMITED%20-%20342208%2025-Sep-2015_files/image022.gif)
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
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10517844 |
27/06/2014 |
150,000,000.00 |
Citi Bank N.A. |
No. 163, Anna Salai, Chennai, Tamil Nadu - 600002, INDIA |
C19049303 |
|
2 |
10387247 |
20/06/2015 * |
450,000,000.00 |
DBS Bank Ltd |
806, ANNA SALAI, CHENNAI, Tamil Nadu - 600002, INDIA |
C58021452 |
* Date of charge modification
REVIEW OF OPERATIONS
The Company achieved a significant Net Profit Growth 24.50%, and the revenue growth has been 17.80% during the year compared to the previous year. Considering the global slowdown during the period it is significant that your company was able to achieve higher Turnover. Increase in the Export market was 13% and domestic 37% which is significant. The company was able to obtain better prices on import of some basic raw materials.
FIXED ASSETS
· Land
· Building
· Plant and machinery
· Furniture and fixture
· Vehicle
· Computer
· Office equipment
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.65.96 |
|
|
1 |
Rs.101.19 |
|
Euro |
1 |
Rs.73.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
54 |
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.