|
|
|
MIRA INFORM REPORT
|
Report No. : |
515594 |
|
Report Date : |
25.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
S S OIL REFINERY |
|
|
|
|
Registered
Office : |
Plot No. E-17, MIDC, Kupwad – 416436, Sangli, Maharashtra |
|
Mob. No.: |
91-9822678611 / 9175334077 [Mr. Sarfaraz] |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2018 |
|
|
|
|
Year of
Establishment: |
1999 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 55.210 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AALFS1980N |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AALFS1980N1ZH |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Manufacturer
of Trader of Refining Edible Oil. [Confirmed by management] |
|
|
|
|
No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
S.S. Oil Refinery is manufacturer and trader of refining edible oil. The
concern was started in the year 1999 and is based in Sangli, Maharashtra. It
is an established partnership concern having satisfactory track record. For the financial year ended 2017, the concern has achieved healthy
operational revenue and has reported profit margin at 0.06% (approximately) The concern possesses an acceptable financial profile marked by
adequate capital base along with fair debt level and concern’s long standing
track record of business operation. Further, as per available provisional financials of 2018, revenue of
the concern has increased and has reported profit margin at 0.29% (approx.) However, the rating strength is partially offset by low profit margin
of the concern. Trade relations are reported as fair. Business is active. Payments are
seems to be slow but correct. The concern 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
|
Country Name |
Previous Rating (31.12.2017) |
Current Rating (01.04.2018) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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
31-03-2018.
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 25.06.2018.
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 PARTED BY
|
Name : |
Mr. Sarfaraz Haji Wahid Chini |
|
Designation : |
Partner |
|
Contact No.: |
91-9822678611 |
|
Date : |
19.06.2018 |
LOCATIONS
|
Registered Office : |
Plot No. E-17, MIDC, Kupwad – 416436, Sangli, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9822678611 / 9175334077 [Mr. Sarfaraz Haji Wahid Chini] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
31700 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Industrial |
PARTNERS
|
Name : |
Mr. Sarfaraz Haji Wahid Chini |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. Salim Haji Wahid Chini |
|
Designation : |
Partner |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
of Trader of Refining Edible Oil. [Confirmed by management] |
|
|
|
|
Products : |
Refining
Edible Oil |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Advance Payment |
GENERAL INFORMATION
|
Suppliers : |
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||||||||||||||||||||||
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Customers : |
Manufacturer
|
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No. of Employees : |
15 (Approximately) |
||||||||||||||||||||||
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Bankers : |
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||||||||||||||||||||||
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||||||||||||||||||||||
|
Facilities : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
D.S. Parkar and Company Chartered Accountants |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister Concern: |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2018
|
Capital Account |
INR
In Million |
|
Sarfaraj Chini |
18.821 |
|
Salim Chini |
8.128 |
|
|
|
|
Total
(a) |
26.949 |
|
|
|
|
Quasi Capital |
INR
In Million |
|
Shehnaz Wahid Chini |
5.368 |
|
Afroj Chini |
5.036 |
|
Salim Chini |
4.319 |
|
Sadab Chini Trust |
3.531 |
|
Saeem Chini |
4.165 |
|
Tusbiya S. Chini Trust |
2.426 |
|
Tabsum Salim Chini |
3.416 |
|
|
|
|
Total
(b) |
28.261 |
|
|
|
|
Total |
55.210 |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
[Provisional] |
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
55.210 |
50.903 |
50.645 |
|
(b) Reserves &
Surplus |
0.000 |
0.000 |
0.000 |
|
(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) |
55.210 |
50.903 |
50.645 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
6.083 |
8.048 |
|
(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 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.000 |
6.083 |
8.048 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
78.877 |
74.885 |
74.770 |
|
(b) Trade payables |
4.959 |
7.158 |
4.337 |
|
(c) Other current
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term provisions |
0.084 |
0.168 |
0.207 |
|
Total Current Liabilities
(4) |
83.920 |
82.211 |
79.314 |
|
|
|
|
|
|
TOTAL |
139.130 |
139.197 |
138.007 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
12.633 |
14.844 |
12.681 |
|
(ii) Intangible Assets |
0.000 |
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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(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 |
12.633 |
14.844 |
12.681 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.005 |
0.005 |
0.005 |
|
(b) Inventories |
114.074 |
114.429 |
123.052 |
|
(c) Trade receivables |
9.783 |
9.601 |
1.772 |
|
(d) Cash and cash
equivalents |
2.478 |
0.163 |
0.339 |
|
(e) Short-term loans and
advances |
0.157 |
0.155 |
0.158 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
126.497 |
124.353 |
125.326 |
|
|
|
|
|
|
TOTAL |
139.130 |
139.197 |
138.007 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
527.607 |
444.004 |
385.633 |
|
|
Other Income |
0.086 |
0.363 |
0.399 |
|
|
TOTAL |
527.693 |
444.367 |
386.032 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
502.255 |
421.498 |
365.265 |
|
|
Boller Repairs |
0.100 |
0.012 |
0.000 |
|
|
Packing Material |
0.000 |
0.000 |
0.028 |
|
|
Wages and Hamall |
1.248 |
1.211 |
1.216 |
|
|
Factory Expenses |
0.019 |
0.061 |
0.049 |
|
|
Electricity Bill |
1.649 |
1.612 |
1.762 |
|
|
Water Bill |
0.052 |
0.053 |
0.053 |
|
|
Caustic Sods |
0.467 |
0.306 |
0.305 |
|
|
Boiler Fuel |
1.084 |
0.858 |
0.828 |
|
|
Mill Mach. Repairs |
0.141 |
0.192 |
0.125 |
|
|
Carben Bleaching Powder |
0.350 |
0.109 |
0.265 |
|
|
Postage and Telephone |
0.009 |
0.021 |
0.021 |
|
|
Printing and Stationery |
0.007 |
0.004 |
0.005 |
|
|
Vakeel and Audit Fees |
0.060 |
0.054 |
0.046 |
|
|
License and Renewal
Expenses |
0.026 |
0.061 |
0.073 |
|
|
Scooter Repair / Petrol
Expenses |
0.036 |
0.048 |
0.035 |
|
|
Motor Car Repairs /
Diesel Expenses |
0.030 |
0.091 |
0.033 |
|
|
Salary |
0.131 |
0.147 |
0.150 |
|
|
Vat Tax |
0.386 |
0.011 |
0.030 |
|
|
Travelling Expenses |
0.035 |
0.040 |
0.013 |
|
|
Insurance |
0.110 |
0.070 |
0.145 |
|
|
Electric Expenses |
0.000 |
0.000 |
0.011 |
|
|
Partner's Capital
Interest |
0.503 |
1.127 |
0.973 |
|
|
Partner's Remuneration |
1.290 |
1.705 |
1.175 |
|
|
TOTAL |
509.988 |
429.291 |
372.606 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
17.705 |
15.076 |
13.426 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
13.975 |
12.943 |
10.586 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
3.730 |
2.133 |
2.840 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
2.211 |
1.887 |
2.206 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
1.519 |
0.246 |
0.634 |
The above information has been parted by Mr. Sarfaraz Haji Wahid Chini (Partner)
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
6.77 |
7.89 |
1.68 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
53.93 |
46.25 |
217.63 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
3.60 |
6.20 |
4.33 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.16 |
0.13 |
0.11 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.40 |
1.02 |
1.06 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.60 |
0.63 |
0.63 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.43 |
1.59 |
1.64 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.52 |
1.62 |
1.57 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.23 |
0.29 |
0.25 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.27 |
1.16 |
1.27 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.29 |
0.06 |
0.16 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets)
* 100) |
% |
1.09 |
0.18 |
0.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
2.75 |
0.48 |
1.25 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.51 |
1.51 |
1.58 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.15 |
0.12 |
0.03 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.40 |
0.37 |
0.37 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.43 |
1.59 |
1.64 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.51 |
1.51 |
1.58 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
50.645 |
50.903 |
55.210 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net worth |
50.645 |
50.903 |
55.210 |
|
|
|
|
|
|
long-term borrowings |
8.048 |
6.083 |
0.000 |
|
Short term borrowings |
74.770 |
74.885 |
78.877 |
|
Total borrowings |
82.818 |
80.968 |
78.877 |
|
Debt/Equity ratio |
1.635 |
1.591 |
1.429 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
385.633 |
444.004 |
527.607 |
|
|
|
15.136 |
18.829 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
385.633 |
444.004 |
527.607 |
|
Profit |
0.634 |
0.246 |
1.519 |
|
|
0.16% |
0.06% |
0.29% |
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 – Legal Form |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
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 |
No |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
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 |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
No |
|
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 |
No |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
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 68.08 |
|
|
1 |
INR 89.60 |
|
Euro |
1 |
INR 78.83 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYO |
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 |
NO |
|
--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.