|
|
|
MIRA INFORM REPORT
|
Report No. : |
510113 |
|
Report Date : |
23.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
VIJAI ELECTRICALS LIMITED (w.e.f. 04.06.1993) |
|
|
|
|
Formerly Known
As : |
VIJAI ELECTRICALS PRIVATE LIMITED |
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Registered
Office : |
6-3-648/1 and 2, Off Raj Bhavan Road, Somajiguda, Hyderabad – 500082,
Telangana |
|
Mob. No.: |
91-40-30617777/ 30617778 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
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Date of
Incorporation : |
31.05.1980 |
|
|
|
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Com. Reg. No.: |
36-002697 |
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|
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Capital
Investment / Paid-up Capital : |
INR 866.501 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31909TG1980PLC002697 |
|
|
|
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IEC No.: [Import-Export Code No.] |
Not Available |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
|
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TIN No.: |
Not Divulged |
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|
|
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PAN No.: [Permanent Account No.] |
AAACV7259B |
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|
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged into Manufacturing and Sale of Transformers and related products [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)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1980 having
good track records. For the financial year ended 2017, the company has witnessed a growth
in its revenue and has reported good profit margin at 10.99% (approx.) The company possesses sound financial profile marked by healthy net worth
base along with negligible debt recorded by the company. The company also derives strength from its long established track
record of business operations. Trade relations are reported as fair. Business is active. Payment
terms are seems to be regular and as per commitment. In view of 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.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
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 |
CRISIL RATING |
|
Rating |
Long Term Rating = BB+ (Issuer not co-operative) |
|
Rating Explanation |
Moderate risk of default |
|
Date |
May 2017 |
Reason: Absence of requisite information.
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 23.05.2018
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 BY
|
Name : |
Mr. S. Gautam |
|
Designation : |
Engineer |
|
Contact No.: |
91-40-30617777 |
|
Date : |
19.05.2018 |
Management Non-Cooperative (Tel. No.: 91-40-20617778)
LOCATIONS
|
Registered Office : |
6-3-648/1 and 2, Off Raj Bhavan Road, Somajiguda, Hyderabad – 500082,
Telangana, India |
|
Tel. No.: |
91-40-30617777/ 30617778 |
|
Fax No.: |
91-40-30617733/ 30617892/ 30617865 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Haridwar Unit/ Distribution and Power Transformers Unit : |
Plot No.1-A, Sector 12, IIE, SIDCUL, Haridwar - 249403, Uttarakhand,
India |
|
Tel. No.: |
91-1334-664000/ 664053 |
|
Fax No.: |
91-1334-664040/ 235375/ 235396 |
|
E-Mail : |
|
|
|
|
|
Roorkee Unit : |
Industrial Plot No. 3 to 9, Raipur Sahakari, Audyogic Kshetra,
Village: Bhagwanpur, Tehsil: Roorkee –
247661, Uttarakhand, India |
|
E-Mail : |
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Overseas Ventures : |
Located at: ·
· Mexico |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Rajendra Prasad Singh |
||||||||||||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||||||||||||
|
Address : |
Bunglow No. FF-1, Power Grid Residential Complex, Sector-43,
Gurugram-122002, Haryana, India |
||||||||||||||||||||||||||||
|
Date of Appointment : |
10.09.2016 |
||||||||||||||||||||||||||||
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DIN No.: |
00004812 |
||||||||||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||
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Name : |
Mr. Dasari Jai Ramesh |
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|
Designation : |
Managing Director |
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|
Address : |
4-1-428, Troop Bazar, Abids, Hyderabad – 500001, Telangana, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.06.1944 |
||||||||||||||||||||||||||||
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Qualification : |
M. Tech |
||||||||||||||||||||||||||||
|
Date of Appointment : |
01.06.2015 |
||||||||||||||||||||||||||||
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PAN No.: |
ACNPD1885H |
||||||||||||||||||||||||||||
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DIN No.: |
00294988 |
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Other Directorship:
|
|||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||
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Name : |
Mr. Dasari Krishna Mohan |
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|
Designation : |
Whole-Time Director |
||||||||||||||||||||||||||||
|
Address : |
173, Road No.13, Jubilee Hills, Ranga Reddy District, Hyderabad –
500034, Telangana, India |
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Date of Birth/Age : |
01.06.1954 |
||||||||||||||||||||||||||||
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Qualification : |
S.S.C. |
||||||||||||||||||||||||||||
|
Date of Appointment : |
23.09.2015 |
||||||||||||||||||||||||||||
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PAN No.: |
ACNPD2314D |
||||||||||||||||||||||||||||
|
DIN No.: |
00295174 |
||||||||||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||
|
Name : |
Mr. Dattatraya Viswanath Narke |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
Asish Bunglow, Rahate Colony, Wardha Road, Nagpur – 440022,
Maharashtra, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
19.05.1932 |
||||||||||||||||||||||||||||
|
Date of Appointment : |
25.07.1986 |
||||||||||||||||||||||||||||
|
DIN No.: |
01257773 |
||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Rajeev Kadan Krishnan |
||||||||||||||||||||||||||||
|
Designation : |
Nominee Director |
||||||||||||||||||||||||||||
|
Address : |
Flat No. 9, 2nd Floor, Vijay Mahal, Marine Drive, Mumbai-400020,
Maharashtra, India |
||||||||||||||||||||||||||||
|
Date of Appointment : |
16.11.2016 |
||||||||||||||||||||||||||||
|
DIN No.: |
02956353 |
||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||
|
Name : |
Mr. Balavardhan Rao Venkata Dasari |
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|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
Amudalapalli Unguturu Mandal, Krishna District - 521312, Andhra
Pradesh, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.07.1964 |
||||||||||||||||||||||||||||
|
Date of Appointment : |
27.09.2012 |
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PAN No.: |
ABPPD8005Q |
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DIN No.: |
06414703 |
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|
||||||||||||||||||||||||||||
|
Name : |
Usharani Dasari |
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Designation : |
Director |
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Address : |
4-1-427, Troop Bazar, ABIDS Nampally,
Hyderabad-500001, Telangana, India |
||||||||||||||||||||||||||||
|
Date of Appointment : |
24.09.2015 |
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DIN No.: |
07294222 |
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|
||||||||||||||||||||||||||||
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Name : |
Mr. Rama Krishna Eda |
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Designation : |
Nominee Director |
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|
Address : |
Flat No. B, Wing T-50, Ground Floor, Opposite to Coffee Day Twin Type Flat,
4th Main Road, Besant Nagar, Chennai-600090, Tamilnadu, India |
||||||||||||||||||||||||||||
|
Date of Appointment : |
12.12.2016 |
||||||||||||||||||||||||||||
|
DIN No.: |
07677647 |
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KEY EXECUTIVES
|
Name : |
Mr. S. Gautam |
|
Designation : |
Engineer |
|
|
|
|
Name : |
Srinivasa Kiran Sistla |
|
Designation : |
Company Secretary |
|
Address : |
12-10-336/8/2/A, Behind: KV Hospital, Sitaphalmandi,
Secunderabad – 500061, Telangana, India |
|
Date of Appointment |
29.09.2017 |
|
PAN No.: |
BHCPS1059R |
|
|
|
|
Name : |
Chakradhar Seemalamudi |
|
Designation : |
Chief Executive Officer |
|
Address : |
#18, Parangipalaya, HSR Layout, Sector II Bangalore – 560034, Karnataka, India |
|
Date of Appointment |
10.09.2016 |
|
PAN No.: |
CLFPS2808Q |
|
|
|
|
Name : |
Venu Gopal Kaspa |
|
Designation : |
Chief Financial Officer |
|
Address : |
15-31-VH-4/OP/201/Vamshi Nivas, KPHB Colony, Behind Malaysia Town Ship, Tirumalagiri, Kukatpally, Hyderabad – 500072, Telangana, India |
|
Date of Appointment |
10.09.2016 |
|
PAN No.: |
ABCPK7838D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Dasari Jai Ramesh |
|
56656892 |
|
Dasari Padma Priya |
|
440000 |
|
Dasari Krishna Mohan |
|
4864837 |
|
D.V. Balavardhana Rao |
|
4649920 |
|
Dasari Subhashini |
|
2200 |
|
D. Sujatha Lakshmi |
|
2200 |
|
D. Vijaya Lakshmi |
|
2200 |
|
Samarakshana Electricals Limited |
|
5940000 |
|
Dasari Jhansi Lakshmi |
|
247874 |
|
Potineni Koteswara Rao |
|
231957 |
|
Potineni Vindhya Rani |
|
247874 |
|
Dasari Usha Rani |
|
2000000 |
|
Syam Prasad Dasari |
|
4650074 |
|
Dasari Satyanarayan |
|
6714114 |
|
|
|
|
|
Total |
|
86650142 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
93.14 |
|
Promoter - Bodies
corporate |
6.86 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into Manufacturing and Sale of Transformers and related products [Registered Activity] |
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Products : |
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||||
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|
||||
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Brand Names : |
Not Divulged |
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|
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|
||||
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Agencies Held : |
Not Divulged |
||||
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|
||||
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Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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|
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|
||||||||||||||||||||||||||||||
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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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||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
P.V.R.K. Nageaswara Rao and Company Chartered Accountants |
|
Address : |
109, Metro Residency, 6-3-1247, Raj Bhavan Road, Hyderabad - 500082,
Andhra Pradesh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFP1618B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary Company
: |
U28113WB1988PTC044317
U40105TG2007PLC056799
U31200TG1987PLC007329
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000000 |
Equity Shares |
INR 10/- each |
INR 1500.000 Million |
|
6100000 |
Preference Shares |
INR 100/- each |
INR 610.000
Million |
|
|
Total |
|
INR 2110.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
86650142 |
Equity Shares |
INR 10/- each |
INR 866.501
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
866.501 |
866.501 |
908.942 |
|
(b) Reserves and Surplus |
3895.548 |
2787.348 |
2684.387 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
4762.049 |
3653.849 |
3593.329 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1171.469 |
1223.132 |
1351.078 |
|
(b) Deferred tax liabilities (Net) |
20.898 |
0.000 |
108.327 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
136.751 |
62.850 |
59.904 |
|
Total Non-current
Liabilities (3) |
1329.118 |
1285.982 |
1519.309 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
917.168 |
1003.912 |
703.749 |
|
(b) Trade
payables |
2415.869 |
2061.922 |
1178.343 |
|
(c) Other
current liabilities |
2463.953 |
2283.264 |
1755.280 |
|
(d) Short-term
provisions |
275.210 |
47.763 |
9.257 |
|
Total Current
Liabilities (4) |
6072.200 |
5396.861 |
3646.629 |
|
|
|
|
|
|
TOTAL |
12163.367 |
10336.692 |
8759.267 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
1026.752 |
1048.749 |
1392.414 |
|
(ii)
Intangible Assets |
10.856 |
5.132 |
2.923 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
2.604 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
108.832 |
108.832 |
108.897 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
404.660 |
317.795 |
237.859 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
2250.000 |
|
Total Non-Current
Assets |
1551.100 |
1480.508 |
3994.697 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2751.933 |
1760.456 |
960.507 |
|
(c) Trade
receivables |
4213.834 |
3872.422 |
2695.690 |
|
(d) Cash and
bank balances |
2321.641 |
2073.060 |
260.396 |
|
(e)
Short-term loans and advances |
500.345 |
568.493 |
353.725 |
|
(f) Other
current assets |
824.514 |
581.753 |
494.252 |
|
Total
Current Assets |
10612.267 |
8856.184 |
4764.570 |
|
|
|
|
|
|
TOTAL |
12163.367 |
10336.692 |
8759.267 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
10075.933 |
6769.184 |
4613.630 |
|
|
Other Income |
240.850 |
498.734 |
261.912 |
|
|
TOTAL |
10316.783 |
7267.918 |
4875.542 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
3757.416 |
4549.825 |
3354.082 |
|
|
Purchases of
Stock-in-Trade |
2924.312 |
1436.109 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
139.613 |
(757.931) |
(106.265) |
|
|
Employee benefit expense |
466.960 |
337.657 |
262.854 |
|
|
CSR expenditure |
0.500 |
0.000 |
0.000 |
|
|
Other expenses |
1005.329 |
833.947 |
589.308 |
|
|
Exceptional items before tax |
0.000 |
0.000 |
218.381 |
|
|
TOTAL |
8294.130 |
6399.607 |
4318.360 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
2022.653 |
868.311 |
557.182 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
643.310 |
488.871 |
424.787 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1379.343 |
379.440 |
132.395 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
76.880 |
74.265 |
102.969 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
1302.463 |
305.175 |
29.426 |
|
|
|
|
|
|
|
Less |
TAX |
194.263 |
(105.355) |
7.410 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
1108.200 |
410.530 |
22.016 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
4815.397 |
985.189 |
0.000 |
|
|
TOTAL EARNINGS |
4815.397 |
985.189 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
104.098 |
98.179 |
159.971 |
|
|
TOTAL IMPORTS |
104.098 |
98.179 |
159.971 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
12.789 |
4.738 |
-- |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
130.806 |
147.201 |
248.577 |
|
Net cash flows from (used in) operations |
741.312 |
(85.781) |
82.980 |
|
Net cash flows from (used in) operating activities |
753.998 |
119.065 |
109.492 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
152.65 |
208.80 |
213.26 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
2.39 |
1.75 |
1.71 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
131.97 |
125.73 |
0.00 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income / Inventories] |
|
0.73 |
0.49 |
0.58 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
1.95 |
0.82 |
0.40 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.61 |
0.65 |
1.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.47 |
0.65 |
0.57 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
1.28 |
1.48 |
1.01 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.22 |
0.29 |
1.49 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
3.14 |
1.78 |
1.31 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
11.00 |
6.06 |
0.48 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
9.11 |
3.97 |
0.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
23.27 |
11.24 |
0.61 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.75 |
1.64 |
1.31 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
1.29 |
1.31 |
2.50 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.39 |
0.35 |
0.67 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
2.56 |
2.74 |
2.26 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
1.75 |
1.64 |
1.31 |
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 |
908.942 |
866.501 |
866.501 |
|
Reserves & Surplus |
2684.387 |
2787.348 |
3895.548 |
|
Net
worth |
3593.329 |
3653.849 |
4762.049 |
|
|
|
|
|
|
Long-term borrowings |
1351.078 |
1223.132 |
1171.469 |
|
Short term borrowings |
703.749 |
1003.912 |
917.168 |
|
Current maturities of
long-term debts |
248.577 |
147.201 |
130.806 |
|
Total
borrowings |
2303.404 |
2374.245 |
2219.443 |
|
Debt/Equity
ratio |
0.641 |
0.650 |
0.466 |
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 |
4613.630 |
6769.184 |
10075.933 |
|
|
|
46.721 |
48.850 |
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 |
4613.630 |
6769.184 |
10075.933 |
|
Profit/ (Loss) |
22.016 |
410.530 |
1108.200 |
|
|
0.48
% |
6.06
% |
11.00
% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
III.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
866.501 |
866.501 |
|
(b) Reserves and Surplus |
|
3859.316 |
2757.293 |
|
(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) |
|
4725.817 |
3623.794 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1171.469 |
1223.132 |
|
(b) Deferred tax liabilities (Net) |
|
21.183 |
0.408 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
137.493 |
63.636 |
|
Total Non-current
Liabilities (3) |
|
1330.145 |
1287.176 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
930.021 |
1015.213 |
|
(b) Trade
payables |
|
2499.299 |
2164.495 |
|
(c) Other
current liabilities |
|
2474.916 |
2294.980 |
|
(d) Short-term
provisions |
|
275.451 |
48.024 |
|
Total Current
Liabilities (4) |
|
6179.687 |
5522.712 |
|
|
|
|
|
|
TOTAL |
|
12235.649 |
10433.682 |
|
|
|
|
|
|
IV.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
1038.340 |
1060.972 |
|
(ii)
Intangible Assets |
|
13.509 |
7.902 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
68.028 |
68.028 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
394.828 |
307.577 |
|
(e) Other
Non-current assets |
|
0.005 |
0.005 |
|
Total Non-Current
Assets |
|
1514.710 |
1444.484 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
2802.512 |
1820.274 |
|
(c) Trade
receivables |
|
4247.612 |
3918.577 |
|
(d) Cash and
bank balances |
|
2332.196 |
2083.886 |
|
(e)
Short-term loans and advances |
|
514.105 |
584.708 |
|
(f) Other
current assets |
|
824.514 |
581.753 |
|
Total
Current Assets |
|
10720.939 |
8989.198 |
|
|
|
|
|
|
TOTAL |
|
12235.649 |
10433.682 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
10157.257 |
6867.421 |
|
|
Other Income |
|
241.684 |
498.398 |
|
|
TOTAL |
|
10398.941 |
7365.819 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
2166.277 |
2094.527 |
|
|
Purchases of
Stock-in-Trade |
|
4557.370 |
3951.496 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
144.510 |
(757.951) |
|
|
Employee benefit expense |
|
486.806 |
356.441 |
|
|
CSR expenditure |
|
0.500 |
0.000 |
|
|
Other expenses |
|
1024.095 |
858.668 |
|
|
TOTAL |
|
8379.558 |
6503.181 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
2019.383 |
862.638 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
645.558 |
491.135 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
1373.825 |
371.503 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
77.661 |
74.998 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
1296.164 |
296.505 |
|
|
|
|
|
|
|
Less |
TAX |
|
194.141 |
(105.437) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
1102.023 |
401.942 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
12.718 |
4.639 |
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 |
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 |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Other loans and advances |
150.000 |
150.000 |
|
Loans and advances from directors |
178.377 |
178.477 |
|
|
|
|
|
Total |
328.377 |
328.477 |
STATE OF COMPANY
AFFAIRS
On Standalone basis, your directors wish to inform that during the year your company has achieved a turnover of INR 10316.783 Million and earned a profit of INR 1379.343 Million before provision for depreciation of INR 76.880 Million.
The company has done fairly well this year also in all the three operating business units viz. Manufacturing Units at Haridwar, Roorkee and Exports of Power Transformers and RE-Projects and achieved total revenue of INR 10316.783 Million. .
INDEX
OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G08901027 |
100017181 |
State Bank of India |
29/03/2016 |
08/08/2016 |
- |
450000000.0 |
Corporate Accounts Group, OZONE2nd Floor, 6-3-669, Punjagutta Main RoadHyderabadTG500082IN |
|
2 |
G10375608 |
100022186 |
State Bank Of Travancore |
16/03/2016 |
31/03/2016 |
- |
700000000.0 |
Mid Corporate Branch1-8-304-307, Kamala Towers, S.P.RoadSecunderabadTG500003IN |
|
3 |
G56298466 |
10366831 |
SBICAP TRUSTEE COMPANY LIMITED |
28/06/2012 |
18/09/2017 |
- |
14142600000.0 |
202, MAKER TOWER, 'E', CUFFE PARADE,COLABA,MUMBAIMa400005IN |
|
4 |
B17309691 |
10294727 |
TATA CAPITAL LIMITED |
04/06/2011 |
07/06/2011 |
- |
400000000.0 |
ONE FORBESDR V B GANDHI MARG,FORTMUMBAIMH400001IN |
|
5 |
B15775844 |
10276286 |
ANDHRA BANK |
15/03/2011 |
06/06/2011 |
- |
500000000.0 |
SPECIALISED CORPORATE FINANCE BRANCHSOMAJIGUDAHYDERABADAP500082IN |
|
6 |
A92483478 |
10200497 |
L & T FINANCE LIMITED |
25/01/2010 |
14/08/2010 |
- |
500000000.0 |
L&T HOUSE,BALLARD ESTATE,MUMBAIMH400001IN |
|
7 |
A93313104 |
10179599 |
LIFE INSURANCE CORPORATION OF INDIA |
23/09/2009 |
14/08/2010 |
- |
400000000.0 |
CENTRAL OFFICE, INVESTMENT DEPARTMENT, 'YOGAKSHEMA6TH FLOOR, WEST WING, JEEVAN BIMA MARGMUMBAIMH400021IN |
|
8 |
A91827261 |
10163578 |
AXIS BANK LIMITED |
30/05/2009 |
14/08/2010 |
- |
2000000000.0 |
DOOR NO/ S. NO. 5-4-124/124 (OLD NO.8571)Modi Square, R P RoadSecunderabadAP500003IN |
|
9 |
A94177524 |
10114010 |
YES BANK LIMITED |
09/07/2008 |
14/08/2010 |
- |
500000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
10 |
A92464619 |
10075789 |
IDBI Bank Limited |
24/11/2007 |
14/08/2010 |
- |
400000000.0 |
IDBI TOWERWTC COMPLEXCUFFE PARADEMUMBAIMH400005IN |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Factory equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Motor vehicles
- Computer 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 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 68.02 |
|
|
1 |
INR 91.25 |
|
Euro |
1 |
INR 80.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARCH |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYO |
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.