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Competition is good - the game is fair as long as the competitors aren't doubles! :-)
Yidaki - Thanx for the moral courage. Both the sites here in question have PR 7 and same no. of inbound links. When you search for a Keyword, for which site is ranked at top, 2 pages from each domain come in SERP, taking off the first 4 places. Hey! by the way I just found out there is another domain with same content but not yet indexed. The gravity of matter is pretty serious as both mine and my competitor companies are the leading companies in my country and operate in the same area. I am thinking, am I in for a fair competition?