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MIRA INFORM REPORT
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Report No. : |
501172 |
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Report Date : |
29.03.2018 |
IDENTIFICATION DETAILS
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Name : |
CLEAN SCIENCE AND TECHNOLOGY PRIVATE LIMITED (w.e.f. 25.08.2006) |
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Formerly Known
As : |
SRI DISTIKEMI PRIVATE LIMITED |
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Registered
Office : |
Shubham Navin Nagar Road, Sangamner – 422605, Maharashtra |
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Tel. No.: |
91-20-26899953 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of Incorporation
: |
07.11.2003 |
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Com. Reg. No.: |
11-018532 |
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Capital
Investment / Paid-up Capital : |
INR 14.157
Million |
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CIN No.: [Company Identification
No.] |
U24114PN2003PTC018532 |
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IEC No.: |
3106016906 |
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TIN No.: |
27320573139 |
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GST No.: |
27AAICS9799K1Z7 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAICS9799K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Various Types of Chemicals mainly MEHQ, Guaicol, 4MAP. [Registered Activity] |
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No. of Employees
: |
Information declined by the Management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2003. It is engaged in manufacturing of various types of chemicals. The company's presence has expanded in China and Japan markets along with its existing presence in Europe, North America and in domestic market. As per available financials for the year 2017, the company has achieved growth in its revenue as compared to the previous year along with a decent profit margin of 24.58%. The sound financial risk profile of the company is marked by adequate net worth base along with negligible debt balance sheet profile. Rating takes into consideration the subject’s healthy Earnings Per Share of INR 330.81 against the face Value of INR 10. Business is active. Payment seems to be regular. 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 |
CRISIL |
|
Rating |
Long Term Rating=A- |
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Rating Explanation |
Adequate degree of safety and low credit risk |
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Date |
06.03.2017 |
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Rating Agency Name |
CRISIL |
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Rating |
Short Term Rating=A2+ |
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Rating Explanation |
Strong degree of safety and low credit risk |
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Date |
06.03.2017 |
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
31-03-2016.
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 29.03.2018.
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 DECLINED
MANAGEMENT NON-COOPERATIVE
[Contact No: 91-20-26899953]
LOCATIONS
|
Registered Office : |
Shubham Navin Nagar Road, Sangamner – 422605, Maharashtra, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Pune Office : |
Office No. 503, 5th Floor, Pentagon Tower 4, Magarpatta Road,
Hadapsar, Pune – 411028, Maharashtra, India |
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Tel. No.: |
91-20-26899953/ 26898122 |
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Fax No.: |
91-20-26898894 |
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Factory : |
Plot No. D-28, MIDC, Kurkumbh, District Pune – 413802, Maharashtra,
India |
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Tel. No.: |
91-2117-235866 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Pradeep Ramwilas Rathi |
|
Designation : |
Director |
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Address : |
2, Boat Club Road, Pune – 411001, Maharashtra, India |
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Date of Birth/Age : |
20.05.1953 |
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Date of Appointment : |
15.12.2006 |
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DIN No.: |
00018577 |
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Name : |
Mr. Sanjay Kothari |
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Designation : |
Director |
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Address : |
2301, Sumer Trinity Tower No. 1, New Prabhadevi Road, Prabhadevi, Mumbai - 400025, Maharashtra, India |
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Date of Birth/Age : |
04.11.1963 |
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Date of Appointment : |
20.12.2009 |
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DIN No.: |
00258316 |
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Name : |
Mr. Krishnakumar Ramnarayan Boob |
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Designation : |
Director |
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Address : |
Shubham, Back of Tulshi Market, New Nagar Roa, Sangamner,
Sangamner 422605, Maharashtra, India |
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Date of Birth/Age : |
02.09.1953 |
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Qualification : |
B. Pharma (UDCT Mumbai) |
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Experience : |
38 Years |
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Date of Appointment : |
07.11.2003 |
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PAN No.: |
AAUPB0819L |
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DIN No.: |
00410672 |
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Name : |
Mr. Ashok Ramnarayan Boob |
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Designation : |
Managing Director |
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Address : |
R2 Tower No.8, Flat No.1001 Amanora Park Town, Magarpatta Road,
Hada Psar, Pune – 411028, Maharashtra, India |
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Date of Birth/Age : |
02.09.1953 |
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Qualification : |
BCE (UDCT Mumbai) |
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Experience : |
41 Years |
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Date of Appointment : |
07.11.2003 |
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PAN No.: |
AAUPB0820F |
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DIN No.: |
00410740 |
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|
|
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Name : |
Mr. Ganpathi Dadasaheb Yadav |
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Designation : |
Director |
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Address : |
Flat No.7, University Staff Quarters, UDCT Campus, R A Kidwai Road,
Matunga, Mumbai – 400019, Maharashtra, India |
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Date of Birth/Age : |
14.09.1952 |
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Date of Appointment : |
15.12.2006 |
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DIN No.: |
02235661 |
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Name : |
Mr. Siddhartha Ashokkumar Sikchi |
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Designation : |
Director |
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Address : |
12, Shilp Nagar, Railway Station Road, Behind Dr. Dumir Hospital,
Aurangabad – 431005, Maharashtra, India |
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Date of Birth/Age : |
06.11.1981 |
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Qualification : |
B. Tech (UDCT Mumbai), M.Sc Synthetic Organic Chemistry, (Canada) |
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Experience : |
9 Years |
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Date of Appointment : |
15.12.2006 |
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PAN No.: |
AYPSA2422E |
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DIN No.: |
02351154 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 29.09.2017
|
Names of Shareholders |
|
No. of Shares |
|
Krishna Ramnarayan Boob |
|
113065 |
|
Ashok Ramnarayan Boob |
|
257480 |
|
Asha Ashok Boob |
|
220890 |
|
Nidhi Ashok Boob |
|
50020 |
|
Parth Ashok Boob |
|
50020 |
|
Neelima Krishna Boob |
|
61020 |
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Shraddha Krishna Boob |
|
50020 |
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Pooja Krishna Boob |
|
20 |
|
Prasad Krishna Boob |
|
50020 |
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Siddharth Ashok Sikchi |
|
45006 |
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Asha Ashok Sikchi |
|
35104 |
|
Ashok Sikchi |
|
31382 |
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Ashok Sikchi (HUF) |
|
172876 |
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Nandita Sikchi |
|
30400 |
|
Kunal Sikchi |
|
34504 |
|
Anantroop Financial Advisory Services Private Limited |
|
69678 |
|
Ganapati Dadasaheb Yadav |
|
3000 |
|
Dilip Digambar Ravetkar |
|
3000 |
|
Krishna Boob (HUF) |
|
54600 |
|
Ashok R. Boob (HUF) |
|
83622 |
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Total |
|
1415727 |
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
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Promoters – Individual/ Hindu Undivided Family – Indian |
94.65 |
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Public/Other than promoters – Individual/ Hindu Undivided
Family – Indian |
0.42 |
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Public/Other than promoters - Body Corporate |
4.93 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Various Types of Chemicals mainly MEHQ, Guaicol, 4MAP. [Registered Activity] |
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Products/ Services : |
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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 : |
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Selling : |
Not Divulged |
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Purchasing : |
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 : |
· State Bank of Hyderabad Pune Main Branch, Laxmi Road, Sadashiv Peth, Pune - 411030, Maharashtra, India · Citi Bank N.A. First International Financial Centre, 9th Floor, Plot No. C-54 & 55, BKC, Bandra (East), Mumbai-400051, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
BSR and Company LLP Chartered Accountants |
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Address : |
703 7th Floor, Godrej Castlemaine, Next to Ruby Hall Clinic, Bund Garden Road, Pune-411001, Maharashtra, India |
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PAN No.: |
AAAFB9852F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary company
: |
Clean Science Private Limited, India [U74900PN2013PTC149834] |
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Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives : |
· Ashok Boob HUF · Ashok Sikachi HUF · Shree Pavers & Tiles · Matrix Fine Sciences Private Limited, India [U24233MH2013PTC243185] · Clean Organics Private Limited, India [U24304PN2017PTC169475] · CSTPL Foundation · Shree Tiles |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1415727 |
Equity Shares |
INR 10/- each |
INR 14.157
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
14.157 |
14.157 |
14.157 |
|
(b) Reserves and Surplus |
1425.612 |
991.356 |
761.551 |
|
(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) |
1439.769 |
1005.513 |
775.708 |
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3.875 |
51.887 |
90.119 |
|
(b) Deferred tax liabilities (Net) |
107.565 |
74.690 |
49.834 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
1.797 |
1.494 |
0.989 |
|
Total Non-current
Liabilities (3) |
113.237 |
128.071 |
140.942 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.031 |
22.166 |
45.670 |
|
(b) Trade
payables |
135.098 |
120.134 |
141.771 |
|
(c) Other current
liabilities |
101.160 |
110.543 |
128.832 |
|
(d) Short-term
provisions |
0.425 |
8.326 |
37.891 |
|
Total Current
Liabilities (4) |
236.714 |
261.169 |
354.164 |
|
|
|
|
|
|
TOTAL |
1789.720 |
1394.753 |
1270.814 |
|
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|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
768.969 |
633.533 |
600.629 |
|
(ii)
Intangible Assets |
1.888 |
1.452 |
1.055 |
|
(iii) Tangible assets
capital work-in-progress |
23.415 |
0.000 |
0.671 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
9.815 |
9.815 |
9.815 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
42.204 |
8.628 |
4.407 |
|
(e) Other Non-current
assets |
0.309 |
0.290 |
0.570 |
|
Total Non-Current
Assets |
846.600 |
653.718 |
617.147 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
309.575 |
0.000 |
5.047 |
|
(b)
Inventories |
307.251 |
369.153 |
402.664 |
|
(c) Trade
receivables |
214.417 |
260.695 |
160.142 |
|
(d) Cash and
bank balances |
64.677 |
46.177 |
15.171 |
|
(e)
Short-term loans and advances |
46.630 |
64.980 |
69.921 |
|
(f) Other
current assets |
0.570 |
0.030 |
0.722 |
|
Total
Current Assets |
943.120 |
741.035 |
653.667 |
|
|
|
|
|
|
TOTAL |
1789.720 |
1394.753 |
1270.814 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1905.363 |
1399.201 |
1643.775 |
|
|
Other Income |
42.370 |
16.786 |
32.708 |
|
|
TOTAL |
1947.733 |
1415.987 |
1676.483 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
760.303 |
591.234 |
732.792 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(80.255) |
(43.771) |
(3.498) |
|
|
Employee benefit expense |
152.668 |
114.687 |
86.635 |
|
|
CSR expenditure |
0.492 |
0.871 |
0.861 |
|
|
Other expenses |
349.214 |
261.307 |
252.322 |
|
|
TOTAL |
1182.422 |
924.328 |
1069.112 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
765.311 |
491.659 |
607.371 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
4.354 |
21.127 |
23.632 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
760.957 |
470.532 |
583.739 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
63.562 |
55.895 |
52.138 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
697.395 |
414.637 |
531.601 |
|
|
|
|
|
|
|
Less |
TAX |
229.061 |
142.233 |
181.088 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
468.334 |
272.404 |
350.513 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Export of goods calculated on FOB basis |
1365.390 |
950.792 |
1140.759 |
|
|
TOTAL EARNINGS |
1365.390 |
950.792 |
1140.759 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
267.855 |
358.022 |
488.745 |
|
|
Capital Goods |
2.311 |
2.024 |
1.304 |
|
|
TOTAL IMPORTS |
270.166 |
360.046 |
490.049 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
330.81 |
192.41 |
247.58 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.135 |
45.398 |
64.722 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
894.328 |
418.134 |
466.095 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
690.166 |
296.659 |
302.804 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
41.07 |
68.01 |
35.56 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
8.89 |
5.37 |
10.26 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
64.86 |
74.17 |
70.62 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
2.49 |
1.33 |
1.51 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.96 |
0.77 |
1.01 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.13 |
0.26 |
0.40 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.12 |
0.26 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.16 |
0.26 |
0.46 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.55 |
0.63 |
0.78 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
175.77 |
23.27 |
25.70 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
24.58 |
19.47 |
21.32 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
26.17 |
19.53 |
27.58 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
32.53 |
27.09 |
45.19 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
3.98 |
2.84 |
1.85 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.69 |
1.42 |
0.71 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.80 |
0.72 |
0.61 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.29 |
8.44 |
14.16 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
3.98 |
2.84 |
1.85 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
14.157 |
14.157 |
14.157 |
|
Reserves & Surplus |
761.551 |
991.356 |
1425.612 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
775.708 |
1005.513 |
1439.769 |
|
|
|
|
|
|
Long-term borrowings |
90.119 |
51.887 |
3.875 |
|
Short term borrowings |
45.670 |
22.166 |
0.031 |
|
Current maturities of
long-term debts |
64.722 |
45.398 |
0.135 |
|
Total
borrowings |
200.511 |
119.451 |
4.041 |
|
Debt/Equity
ratio |
0.258 |
0.119 |
0.003 |
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 |
1643.775 |
1399.201 |
1905.363 |
|
|
|
(14.879) |
36.175 |
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 |
1643.775 |
1399.201 |
1905.363 |
|
Profit/ (Loss) |
350.513 |
272.404 |
468.334 |
|
|
21.32
% |
19.47
% |
24.58
% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
14.157 |
14.157 |
|
(b) Reserves and Surplus |
|
1424.763 |
990.631 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
1438.920 |
1004.788 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
3.875 |
51.887 |
|
(b) Deferred tax liabilities (Net) |
|
107.565 |
74.690 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
1.797 |
1.494 |
|
Total Non-current
Liabilities (3) |
|
113.237 |
128.071 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
0.031 |
22.166 |
|
(b) Trade
payables |
|
135.110 |
120.151 |
|
(c) Other
current liabilities |
|
101.160 |
110.543 |
|
(d) Short-term
provisions |
|
0.425 |
8.325 |
|
Total Current
Liabilities (4) |
|
236.726 |
261.185 |
|
|
|
|
|
|
TOTAL |
|
1788.883 |
1394.044 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
778.266 |
642.931 |
|
(ii)
Intangible Assets |
|
1.888 |
1.452 |
|
(iii) Tangible assets
capital work-in-progress |
|
23.415 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
42.257 |
8.647 |
|
(e) Other
Non-current assets |
|
0.309 |
0.290 |
|
Total Non-Current
Assets |
|
846.135 |
653.320 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
309.575 |
0.000 |
|
(b)
Inventories |
|
307.251 |
369.153 |
|
(c) Trade
receivables |
|
214.417 |
260.695 |
|
(d) Cash and
bank balances |
|
64.818 |
46.368 |
|
(e)
Short-term loans and advances |
|
46.117 |
64.477 |
|
(f) Other
current assets |
|
0.570 |
0.031 |
|
Total
Current Assets |
|
942.748 |
740.724 |
|
|
|
|
|
|
TOTAL |
|
1788.883 |
1394.044 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
1905.363 |
1399.201 |
|
|
Other Income |
|
42.370 |
16.768 |
|
|
TOTAL |
|
1947.733 |
1415.969 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
760.303 |
591.234 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(80.255) |
(43.771) |
|
|
Employee benefit expense |
|
152.668 |
114.687 |
|
|
CSR expenditure |
|
0.492 |
0.871 |
|
|
Other expenses |
|
349.236 |
261.361 |
|
|
TOTAL |
|
1182.444 |
924.382 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
765.289 |
491.587 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
4.354 |
21.127 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
760.935 |
470.460 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
63.663 |
55.996 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
697.272 |
414.464 |
|
|
|
|
|
|
|
Less |
TAX |
|
229.062 |
142.234 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
468.210 |
272.230 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
330.72 |
192.29 |
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 -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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
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 |
Yes |
|
32 |
Litigations that the firm/promoter involved
in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B84539808 |
10447994 |
State Bank of India Commercial Branch |
30/08/2013 |
- |
- |
352700000.0 |
1548/A Off Tilak RoadSadashiv PethPuneMH411030IN |
|
2 |
G13644588 |
10431926 |
Citi Bank N.A. |
07/06/2013 |
17/04/2015 |
- |
82000000.0 |
First International Financial Centre,9th FloorPlot No. C-54 & 55, BKC, Bandra (E)MumbaiMH400051IN |
|
3 |
B78049616 |
10277449 |
State Bank of India Commercial Branch |
09/03/2011 |
12/06/2013 |
- |
404700000.0 |
1548, Off Tilak RoadSadashiv PethPuneMH411030IN |
|
4 |
B78306388 |
10056322 |
State Bank of Hydarabad |
28/05/2007 |
24/11/2011 |
05/06/2013 |
77000000.0 |
Pune Main BranchLaxmi Road, Sadashiv PethPuneMH411030IN |
|
5 |
B16278202 |
10055824 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
28/05/2007 |
20/03/2009 |
12/07/2011 |
67500000.0 |
1ST FLOOR, ATLANTA,209 V. K. SHAH MARG, NARIMAN POINTMUMBAIMH400021IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Deposits from shareholders |
0.000 |
2.170 |
|
|
|
|
|
Total |
0.000 |
2.170 |
CORPORATE INFORMATION
Clean Science and Technology Private Limited is engaged in manufacturing of various types of chemicals mainly MEHQ, Guaicol, 4MAP at its manufacturing plant situated at Kurkumbh MIDC, Daund, Dist; Pune. The Company was incorporated under Companies Act, 1956. The Company caters to both domestic and international markets.
REVIEW OF BUSINESS OPERATIONS & FUTURE
OUTLOOK
During the year, the revenue from operations of the Company increased from INR 1415.987 Million to INR 1947.733 Million. For the Financial Year 2016-17, the Company earned a profit after tax of INR 468.334 Million as against INR 272.404 Million in the previous year.
The Directors are taking efforts and steps for improving the performance of the Company and are hopeful of better results in future.
The Company aims to closely associate with its Customers and increase operational and technical excellence, while pruning cost. Research and Development will also play a bigger role in improving the competitiveness through innovations. Barring any unforeseen circumstances, the current year’s prospects look favorable.
PRODUCT MIX:
The Current products of the company are as follows:
1. Mono Methyl Ether of Hydroquinone (MEHQ)
2. Guaiacol
3. 4- Methoxy Acetophenone (4-MAP)
4. Butylated Hydroxy Anisole (BHA)
5. Anisole
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Claims against
company not acknowledged as debts: |
|
|
|
Pending C forms |
1.619 |
0.593 |
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
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, India Prisons Service,
Interpol, etc.
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 65.04 |
|
UK Pound |
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
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 |
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.