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|
|
MIRA INFORM REPORT
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Report No. : |
502884 |
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Report Date : |
10.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
ANAND RATHI WEALTH SERVICES LIMITED
(w.e.f. 06.07.2017) |
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Formerly known
as : |
AR VENTURE FUNDS MANAGEMENT LIMITED (w.e.f. 03.04.2017) AR VENTURE FUNDS MANAGEMENT PRIVATE LIMITED (w.e.f. 08.03.2007) HITKARI FINVEST PRIVATE LIMITED |
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Registered
Office : |
4th Floor, Silver Metropolis, Jai Coach Compound, Opposite Bimbisar Nagar,
Goregaon (East), Mumbai – 400063, Maharashtra |
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Tel. No.: |
91-22-40013700 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
22.03.1995 |
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Com. Reg. No.: |
11-086696 |
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Capital
Investment / Paid-up Capital : |
INR 130.500 Million |
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CIN No.: [Company Identification
No.] |
U67120MH1995PLC086696 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AAACH8136P |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Providing Services of arranging debt financing (Registered activity) |
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No. of Employees
: |
Information declined by the management
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RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1995. It is part of “Anand Rathi Group” and having satisfactory track. It offers financial advisory services to institutions, corporations, high net worth individuals, and families. For the financial year 2017, the company has healthy increased its revenue from operations as compared to previous year but maintained low profitability margin of 0.61%. Rating takes into consideration sound financial profile of the company marked by adequate networth base along with average debt balance sheet. Further, rating also derives strength from group favourable reputation in the market along with support extended to the company, established track record of business operations and improvement in the revenue as well as profitability profile during the year. Trade relations are reported as fair. Business is active. Payment terms are seems to be usually correct. In view of the aforesaid, 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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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
31-03-2018.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is
not listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 10.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE: Tel. No.:
91-22-40013700
LOCATIONS
|
Registered Office : |
4th Floor, Silver Metropolis, Jai Coach Compound, Opposite Bimbisar
Nagar, Goregaon (East), Mumbai – 400063, Maharashtra, India |
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Tel. No.: |
91-22-40013700 |
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Fax No.: |
Not Available |
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E-Mail : |
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Corporate Office : |
11th Floor, Times Tower, Kamala City, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013, Maharashtra, India |
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Bangalore Office: |
The Millenia, Tower 'A', Level-9, #1&2, Murphy Road, Halasuru, Bangalore - 560 008, Karnataka, India |
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Hyderabad Office: |
6-3-346/1, First Floor, Sujatha Reddy Building, Road No 1, Banjara Hills, Hyderabad – 500 034, Telangana, India |
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Delhi Office: |
11th Floor, Times Tower, Unit No. 6, Plot No.11, 2nd Floor, Vardhman Trade Center, Nehru Place, New Delhi – 110 019, India |
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Pune Office: |
Vikram Nandadeep, 3rd Floor, Opposite Patrakar Nagar, SB Road, Pune - 411 016, Maharashtra, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Kishan Gopal Somani |
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Designation : |
Additional Director |
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Address : |
163, Tagore Park, New Delhi – 110009, India |
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Date of Appointment : |
15.03.2018 |
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DIN No.: |
00014648 |
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Name : |
Mr. Ramesh Chandak |
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Designation : |
Additional Director |
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Address : |
1202, Shrushti Towers, Old Prabhadevi Road, Prabhadevi, Mumbai – 400025, Maharashtra, India |
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Date of Appointment : |
15.03.2018 |
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DIN No.: |
00026581 |
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Name : |
Mr. Amit Anand Rathi |
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Designation : |
Managing Director |
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Address : |
274.A, Kalpataru Horizon Co-Operative Housing Society, S.K. Ahire Marg, Near Doordarshan, Worli, Mumbai – 400018, Maharashtra, India |
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Date of Birth/Age : |
07.10.1974 |
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Qualification : |
CA |
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Date of Appointment : |
18.03.2005 |
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DIN No.: |
00029791 |
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Name : |
Mr. Pradeep Kumar Gupta |
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Designation : |
Director |
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Address : |
301-C, Beau Monde, Appasaheb Marathe Marg, Prabhadevi Mumbai – 400025, Maharashtra, India |
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Date of Birth/Age : |
20.07.1967 |
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Qualification : |
CA |
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Date of Appointment : |
18.03.2005 |
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DIN No.: |
00040117 |
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Name : |
Mr. Anand Rathi |
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Designation : |
Director |
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Address : |
274 -014, Kalpataru Horizon, S.K. Ahire Marg, Worli, Mumbai – 400018, Maharashtra, India |
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Date of Birth/Age : |
25.06.1946 |
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Qualification : |
CA |
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Date of Appointment : |
18.03.2005 |
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DIN No.: |
00112853 |
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Name : |
Mrs. Sudha Pravin Navandar |
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Designation : |
Additional Director |
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Address : |
Flat No. 603.604, 6th Floor, Anita Kutir - C, Building No. 209, Hig Colony, 90 Feet Road, Ghatkopar East, Mumbai – 400075, Maharashtra, India |
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Date of Appointment : |
15.03.2018 |
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DIN No.: |
02804964 |
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Name : |
Mr. Rakesh Rawal |
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Designation : |
Director |
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Address : |
No. F3 Spencer, Court No. 05 Spencer Road, Frazer Town, Bangalore – 560005, Karnataka, India |
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Date of Appointment : |
29.09.2017 |
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DIN No.: |
02839168 |
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Name : |
Mr. Mohan Vasant Tanksale |
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Designation : |
Additional Director |
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Address : |
C - 3105, 31st Floor, Obero Exquisite, Goregaon (East), Mumbai - 400063 Maharashtra, India |
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Date of Appointment : |
06.02.2018 |
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DIN No.: |
02971181 |
KEY EXECUTIVES
|
Name : |
Mr. Rakesh Rawal |
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Designation : |
Chief Executive officer |
|
Address : |
No. F3 Spencer, Court No. 05 Spencer Road, Frazer Town,
Bangalore – 560005, Karnataka, India |
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Date of Appointment : |
01.04.2017 |
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PAN No.: |
AAEPR9801J |
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Name : |
Mr. Dilip Balakrishnan |
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Designation : |
Company Secretary |
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Address : |
No.12, Kensington Road G-9, Aquaforte Apartments, Ulsoor,
Bangalore – 560042, Karnataka, India |
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Date of Appointment : |
01.10.2016 |
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PAN No.: |
AAUPN4578N |
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Name : |
Amol Jayawant Bhabal |
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Designation : |
Chief Finance Officer |
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Address : |
A-501, D-65, Nirmal Sudarshan Solitaire, Veera Des Azad
Nagar, Andheri West, Mumbai – 400053, Maharashtra, India |
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Date of Appointment : |
01.10.2017 |
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PAN No.: |
AIOPB7779D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Anand Rathi Financial Services Limited |
|
6100162 |
|
Anand Rathi |
|
2537881 |
|
Amit Rathi |
|
1 |
|
Supriya Rathi |
|
540001 |
|
NM Gupta HUF |
|
280000 |
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Navratan Mal Gupta |
|
1 |
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Pradeep Gupta HUF |
|
310000 |
|
Pradeep Gupta |
|
755254 |
|
Priti Gupta |
|
500000 |
|
Rakesh Rawal |
|
570700 |
|
Feroz Azeez |
|
180000 |
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Jugal Mantri |
|
65000 |
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Preeti Rawal |
|
14000 |
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Neena Vaidya |
|
28000 |
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Amit Varma |
|
14000 |
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Bhaskara Rao Returi |
|
14000 |
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Ira Bhaduri |
|
40000 |
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Jyotinder Singh Randhawa |
|
14000 |
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Raghavan Man |
|
20000 |
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Ramachandran Peruvemba Chandrashekar |
|
14000 |
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Uma Nagaraj |
|
14000 |
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VS Sitaram |
|
14000 |
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Vivek Amarnath Bhargava |
|
14000 |
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Ajay Krishnakant Parikh |
|
14000 |
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Anuja Ajay Parikh |
|
6000 |
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Ashok Baswa Rao |
|
14000 |
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J Ramesh |
|
14000 |
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Mayurnath K S |
|
28000 |
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Nagaraj K S |
|
14000 |
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Nikhil K S |
|
14000 |
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Sukhbir Singh Dhupia |
|
21000 |
|
Jaipur Securities Private Limited |
|
210000 |
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Amit Capital and Securities Private Limited |
|
325000 |
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Anand Rathi Capital Advisors Private Limited |
|
26000 |
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Anand Rathi Share & Stock Brokers Limited |
|
325000 |
|
Total |
|
13050000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
23.59 |
|
Promoter - Bodies
corporate |
46.74 |
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Public – (Individual/ Hindu
Undivided Family – Indian |
22.88 |
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Public - Bodies corporate |
6.79 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Providing Services of Arranging Debt Financing (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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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
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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 : |
Shravan Gandhi and Associates Chartered Accountants |
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Address : |
701 Emerald Park, Veera Desai Road, Andheri West, Mumbai – 400058, Maharashtra, India |
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Tel. No.: |
91-22-26776503 |
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Email : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAFPG9522Q |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associate : |
U67120MH1991PLC064106
U67120MH1991PLC064107
U67190MH1982PLC140380
U67120MH1992PLC066006
U17100MH1987PLC043579
U72200RJ2010PTC032949
U67120MH1996PLC100108 |
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Subsidiary company: |
U65923MH1996PTC097270
U74990MH2009PTC190352
U74999MH2013PTC245870 |
CAPITAL STRUCTURE
After 29.09.2017
Authorised Capital : INR 200.000
Million
Issued, Subscribed & Paid-up Capital : INR 134.430 Million
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
INR 10/- each |
INR 150.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13050000 |
Equity Shares |
INR 10/- each |
INR 130.500
Million |
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|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
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|
|
|
(a) Share Capital |
130.500 |
1.947 |
1.947 |
|
(b) Reserves & Surplus |
9.441 |
62.793 |
61.221 |
|
(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) |
139.941 |
64.740 |
63.168 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.350 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.077 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
1.350 |
0.000 |
0.077 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
245.000 |
0.000 |
0.000 |
|
(b) Trade payables |
0.000 |
0.000 |
0.000 |
|
(c) Other current liabilities |
139.176 |
4.883 |
0.000 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
384.176 |
4.883 |
0.000 |
|
|
|
|
|
|
TOTAL |
525.467 |
69.623 |
63.245 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
7.006 |
0.000 |
0.000 |
|
(ii) Intangible Assets |
62.943 |
0.000 |
0.000 |
|
(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 |
25.200 |
42.416 |
42.416 |
|
(c) Deferred tax assets (net) |
3.925 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
28.755 |
0.833 |
0.327 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
127.829 |
43.249 |
42.743 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
73.661 |
4.897 |
5.087 |
|
(d) Cash and cash equivalents |
22.648 |
5.435 |
0.295 |
|
(e) Short-term loans and
advances |
299.944 |
15.604 |
14.545 |
|
(f) Other current assets |
1.385 |
0.438 |
0.575 |
|
Total
Current Assets |
397.638 |
26.374 |
20.502 |
|
|
|
|
|
|
TOTAL |
525.467 |
69.623 |
63.245 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1473.912 |
4.752 |
1.781 |
|
|
Other Income |
23.067 |
2.462 |
0.000 |
|
|
TOTAL
|
1496.979 |
7.214 |
1.781 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
1104.751 |
0.000 |
0.000 |
|
|
Employees benefits expense |
329.905 |
0.955 |
0.865 |
|
|
Other expenses |
49.015 |
4.296 |
0.024 |
|
|
TOTAL |
1483.671 |
5.251 |
0.889 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
13.308 |
1.963 |
0.892 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
7.810 |
0.027 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
5.498 |
1.936 |
0.892 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
0.087 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
5.411 |
1.936 |
0.892 |
|
|
|
|
|
|
|
Less |
TAX |
(3.542) |
0.364 |
1.166 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
8.953 |
1.572 |
(0.274) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
0.69 |
8.07 |
(1.41) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
15.483 |
3.549 |
(14.080) |
|
Net cash flows from (used in) operating activities |
0.215 |
2.679 |
(13.667) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
18.24 |
376.14 |
1042.54 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
20.01 |
0.97 |
0.35 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.19 |
0.00 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.73 |
0.07 |
0.00 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.76 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.75 |
0.08 |
0.00 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.50 |
0.00 |
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.70 |
72.70 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.61 |
33.08 |
(15.38) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.70 |
2.26 |
(0.43) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
6.40 |
2.43 |
(0.43) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.04 |
5.40 |
0.00 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.04 |
5.40 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.27 |
0.93 |
1.00 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.89 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.04 |
5.40 |
0.00 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
1.947 |
1.947 |
130.500 |
|
Reserves & Surplus |
61.221 |
62.793 |
9.441 |
|
Net
worth |
63.168 |
64.740 |
139.941 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
1.350 |
|
Short Term borrowings |
0.000 |
0.000 |
245.000 |
|
Total
borrowings |
0.000 |
0.000 |
246.350 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
1.760 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
1.781 |
4.752 |
1473.912 |
|
|
|
166.816 |
30,916.667 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
1.781 |
4.752 |
1473.912 |
|
Profit |
(0.274) |
1.572 |
8.953 |
|
|
(15.38%) |
33.08% |
0.61% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
130.500 |
1.947 |
|
(b) Reserves and Surplus |
|
8.548 |
62.793 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
1.670 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
139.048 |
64.740 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1.350 |
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) |
|
1.350 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
251.161 |
0.000 |
|
(b) Trade
payables |
|
0.000 |
0.000 |
|
(c) Other
current liabilities |
|
162.605 |
4.882 |
|
(d) Short-term
provisions |
|
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
|
413.766 |
4.882 |
|
|
|
|
|
|
TOTAL |
|
555.834 |
69.622 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
18.986 |
0.000 |
|
(ii)
Intangible Assets |
|
96.535 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
202.825 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
42.416 |
|
(c) Deferred tax assets (net) |
|
3.925 |
0.000 |
|
(d)
Long-term loans and advances |
|
36.091 |
0.833 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
358.362 |
43.249 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c) Trade
receivables |
|
74.602 |
4.897 |
|
(d) Cash and
bank balances |
|
26.887 |
5.434 |
|
(e)
Short-term loans and advances |
|
94.321 |
15.604 |
|
(f) Other
current assets |
|
1.662 |
0.438 |
|
Total
Current Assets |
|
197.472 |
26.373 |
|
|
|
|
|
|
TOTAL |
|
555.834 |
69.622 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
1518.983 |
4.752 |
|
|
Other Income |
|
23.420 |
2.462 |
|
|
TOTAL |
|
1542.403 |
7.214 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
1104.751 |
0.000 |
|
|
Employee benefit expense |
|
350.204 |
0.955 |
|
|
Other expenses |
|
68.428 |
4.296 |
|
|
TOTAL |
|
1523.383 |
5.251 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
19.020 |
1.963 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
9.397 |
0.027 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
9.623 |
1.936 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
10.345 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
(0.722) |
1.936 |
|
|
|
|
|
|
|
Less |
TAX |
|
(3.350) |
0.364 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
2.628 |
1.572 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
0.20 |
8.07 |
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 |
No |
|
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 |
NOTE: Registered office of the company has been shifted from Shubham Centre, B-2, 5th Floor, Cardinal Gracious Road, Chakala, Andheri East, Mumbai – 400099, Maharashtra, India to the present address w.e.f. 23.12.2009.
OPERATIONS AND PROSPECTS
During the year, the total revenue of the Company increased significantly to INR 149.679 Million as compared to previous year’s revenue of INR 7.213 Million
The Company earned Net Profit of INR 8.953 Million during the year as against Net Profit of INR 1.572 Million in the previous year due to increase in total revenue.
During the year, the company’s income on a consolidated basis stood at INR 1552.250 Million. Since the Consolidated Financial Statement have been prepared for the first time, previous year’s figures have not been provided.
INDEX
OF CHARGES: NO CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
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 records 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
|
INR |
|
US Dollar |
1 |
INR 64.98 |
|
|
1 |
INR 90.95 |
|
Euro |
1 |
INR 79.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVT |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE FACTORS
|
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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.