MIRA INFORM REPORT

Report Date :

12.08.2011

IDENTIFICATION DETAILS

Name :	PREMIER SPINNING AND WEAVING MILLS PRIVATE LIMITED
Formerly Known As :	PREMIER MILLS PRIVATE LIMITED
Registered Office :	No.1, Nava India Road, Coimbatore – 641028, Tamilnadu
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	19.01.1945
Com. Reg. No.:	181-000146
Capital Investment / Paid-up Capital :	Rs.34.000 Millions
CIN No.: [Company Identification No.]	U17111TZ1945PTC000146
TAN No.: [Tax Deduction & Collection Account No.]	CMBP03134F
PAN No.: [Permanent Account No.]	AABCP3032D
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of Cotton Yarn, Cotton Fabric and other Woven Fabrics.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

A (64)

RATING		STATUS	PROPOSED CREDIT LINE
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums		Fairly Large

Maximum Credit Limit :	USD 4630000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well-established and reputed company having fine track. General financial position is good. Trade relations are reported as fair. Business is active. Payments are reported to be correct and as per commitments. The company can be considered normal 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 – April 1, 2010

Country Name	Previous Rating (31.12.2009)	Current Rating (01.04.2010)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

LOCATIONS

Registered Office :	No.1, Nava India Road, Coimbatore – 641028, Tamilnadu, India
Tel. No.:	91-422-4312100
Fax No.:	91-422-4312188
E-Mail :	mail@premill.in
Websites:	http://www.premill.in
Factory	Belathur Village, Bagalur, Hosur, Coimbatore – 635124, Tamilnadu, India

DIRECTORS

As on 30.09.2010

Name :	Mr. Ramchandran Jagdish Chandran
Designation :	Director
Address :	245, A.T.D. Street, Race Course, Coimbatore – 641018, Tamilnadu, India
Date of Birth/Age :	06.03.1941
Date of Appointment :	12.08.2006
DIN :	00005205
Name :	Mr. Damotharan Rajendran
Designation :	Managing Director
Address :	# 233 Tea Estate, Race Course, Coimbatore – 641018, Tamilnadu, India
Date of Birth/Age :	17.12.1948
Date of Appointment :	27.09.1978
DIN :	00003848
Other Directorship :	· Premier Fine Yarns Private Limited U17111TZ1994PTC005511 · Sree Narasimha Textiles Private Limited U17111TZ1976PTC000755 · Prima Products Private Limited U17111TZ1957PTC001972 · Premier Texturisers Private Limited U17115TZ1984PTC001383 · Premier Polyweaves Private Limited U17111TZ1995PTC005901 · Premier Textiles Private Limited U17111TZ1994PTC005512 · Premier Textile Traders Private Limited U17111TZ1981PTC001106 · Bagalur Investments Private Limited U65993TZ1986PTC001690 · Belathur Investments Private Limited U65993TZ1965PTC001691
Name :	Mr. Karadibhavi Varadarajan Srinivasan
Designation :	Director
Address:	# 3 V P Naidu Street, Avanashi Road, Coimbatore-641018, Tamilnadu, India
Date of Birth/Age :	13.03.1961
Date of Appointment :	07.09.1991
DIN :	00004103
Name :	Ms. Sabitha Chandran
Designation :	Director
Address :	245, A.T.D. Street, Race Course, Coimbatore – 641018, Tamilnadu, India
Date of Birth/Age :	07.04.1942
Date of Appointment :	19.08.1996
DIN :	00003889
Name :	Mr. Rohit Rajendran
Designation :	Executive Director
Address :	#13, Nethaji Road, Pappanaickenpalyam, Coimbatore – 641037, Tamil Nadu, India
Date of Birth/Age :	04.07.1979
Date of Appointment :	03.08.2005
DIN :	00030631
Name :	Mr. Kanasamy Ramasundaram
Designation :	Director
Address:	A-33, Premier Mill Colony, Belathur, Hosur Tk, Dharmapuri-635124, Tamilnadu, India
Date of Birth/ Age:	20.02.1964
Date of Appointment:	10.08.2007
DIN :	01377014

KEY EXECUTIVES

Name :	Mr. Vishwanathan Ramamoorthy Audithyapuram
Designation :	Secretary
Address :	137, Bhavani Street, Guru Swamy Layout, - I, Opposite Navavoor Pirivu, Coimbatore – 641046, Tamil Nadu, India
Date of Birth/Age :	17.04.1968
PAN :	ACCPV6066B
Date of Appointment :	27.04.2005

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on As on 30.09.2010

Names of Shareholders		No. of Shares
Bagalur Investments Private Limited, India		499044
Belathur Investments Private Limited, India		484190
Othakkalmandapam Investment and Finance Private Limited, India		928177
Primera Investments Private Limited, India		1273032
Premier Textile Traders Private Limited, India		90277
R Jagadish Chandran		1000
Rohit Rajendran		46830
D Rajendran		13470
D Rajendran – HUF		19690
Sabitha Chandran		1000
Sheela Rajendran		29340
Mrs. Sameera GopiKumar		6450
D Rajendran B – HUF		7500
	Total	3400000

Equity Share Breakup (Percentage of Total Equity)

As on As on 30.09.2010

Category	Percentage of Holding
Bodies Corporate	96.32
Directors or relatives of directors	3.68
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of Cotton Yarn, Cotton Fabric and other Woven Fabrics.

Products:

Product Descriptions	ITC Code
Cotton Yarn	52.05
Cotton Fabrics	52.08
Other Woven Fabrics	55.14

PRODUCTION STATUS

As on 31.03.2010

Particulars	Unit	Installed Capacity	Actual Production
Yarn	Kgs	--	20.62
Cloth	Mts	--	174.51
Spindles	--	50064	--
Looms	--	296	--

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Union Bank Of India, Opposite Anakara Street, Coimbatore – 641001, Tamilnadu, India

· Andhra Bank, 17 Mill Road, Coimbatore – 641001, Tamilnadu, India

· Bank Of Baroda

· The Bank Of Nova Scotia

· Export Import Bank Of India

· Punjab National Bank

Facilities:

Secured Loans	31.03.2010 Rs. In Millions	31.03.2009 Rs. In Millions	31.03.2008 Rs. In Millions	31.03.2007 Rs. In Millions
From Banks
Term Loans	1363.335	1378.315	1456.363	1474.530
Working Capital	107.662	303.208	350.011	453.217
(The above loans are secured by charge on land, buildings, plant and machinery, inventories and book debts)
Total	1470.997	1681.523	1806.374	1927.747
Unsecured Loans	31.03.2010 Rs. In Millions	31.03.2009 Rs. In Millions	31.03.2008 Rs. In Millions	31.03.2007 Rs. In Millions
Trade Deposit	5.072	4.837	4.897	4.697
Total	5.072	4.837	4.897	4.697
Total	5.072	4.837	4.897	4.697

Banking Relations :

--

Auditors :

Name :

Deloitte Haskins and Sells

Chartered Accountants

Address :

41, Race Course, Coimbatore – 641 018, Tamilnadu, India

Tel No.:

91-422-4392801/ 802/ 803

Fax No.:

91-422-2223615

Associates :

· Premier Fine Yarns Private Limited

U17111TZ1994PTC005511

· Sree Narasimha Textiles Private Limited

U17111TZ1976PTC000755

· Prima Products Private Limited

U17111TZ1957PTC001972

· Premier Texturisers Private Limited

U17115TZ1984PTC001383

· Premier Polyweaves Private Limited

U17111TZ1995PTC005901

· Premier Textiles Private Limited

U17111TZ1994PTC005512

· Premier Textile Traders Private Limited

U17111TZ1981PTC001106

· Bagalur Investments Private Limited

U65993TZ1986PTC001690

· Belathur Investments Private Limited

U65993TZ1965PTC001691

· Holiday Travels Private limited

· Coimbatore Polytex Private limited

· Coimbatore Twister Private Limited

· Lakshmi Naraisimha Textiles Private limited

· Coimbatore Holdings Private Limited

· Premier Cotton Textiles

· Premier Mills Private Limited

· Premier Evolvics Private limited

· Premier Finelines Private Limited

· Premier Texturisers Private Limited

· Prima Products Private Limited

· Sree Narasimha Textiles Private Limited

Subsidiaries Company:

Palavoor Wind Farms Private limited

U40108TZ2003PTC010686

Coimbatore Holdings Private limited

U17111TZ1987PTC001943

Udamalpet Holdings Private Limited

U7010TZ2002PTC010075

CAPITAL STRUCTURE

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
5,250,000	Equity Shares	Rs. 10/- each	Rs. 52.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
3,400,000	Equity Shares	Rs. 10/- each	Rs. 34.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008	31.03.2007
SHAREHOLDERS FUNDS
1] Share Capital		34.000	34.000	34.000	34.000
2] Share Application Money		0.000	0.000	0.000	0.000
3] Reserves & Surplus		1125.892	1034.848	1003.466	970.549
4] (Accumulated Losses)		0.000	0.000	0.000	0.000
NETWORTH		1159.892	1068.848	1037.466	1004.549
LOAN FUNDS
1] Secured Loans		1470.997	1681.523	1806.374	1927.747
2] Unsecured Loans		5.072	4.837	4.897	4.697
TOTAL BORROWING		1476.069	1686.360	1811.271	1932.444
DEFERRED TAX LIABILITIES		251.118	213.523	200.747	186.877
TOTAL		2887.079	2968.731	3049.484	3123.870
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1742.072	1942.412	2088.724	2161.909
Capital work-in-progress		0.000	0.000	0.000	0.000
INVESTMENT		0.707	0.707	0.707	5.711
DEFERREX TAX ASSETS		0.000	0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	571.239	541.818	532.686	539.566
	Sundry Debtors	242.939	285.656	261.621	237.976
	Cash & Bank Balances	118.756	27.339	30.832	44.437
	Other Current Assets	81.781	54.242	53.734	47.289
	Loans & Advances	273.793	252.878	175.834	177.721
Total Current Assets		1288.508	1161.933	1054.707	1046.989
Less : CURRENT LIABILITIES & PROVISIONS
	Current Liabilities	76.485	84.181	58.267	51.235
	Sundry Creditors	44.658	29.063	13.093	17.003
	Provisions	23.065	23.077	23.294	22.501
Total Current Liabilities		144.208	136.321	94.654	90.739
Net Current Assets		1144.300	1025.612	960.053	956.250
MISCELLANEOUS EXPENSES		0.000	0.000	0.000	0.000
TOTAL		2887.079	2968.731	3049.484	3123.870

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008	31.03.2007
	SALES (A)		1965.310	1749.288	1813.599	1717.786
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL (B)	1482.140	1360.344	1390.718	1433.295
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		483.170	388.944	422.881	284.491
Less	FINANCIAL EXPENSES (D)		114.654	133.550	131.157	34.547
	PROFIT BEFORE TAX, DEPRECN AND AMORTISATION (C-D) (E)		368.516	255.394	291.724	249.944
Less/ Add	DEPRECIATION/ AMORTISATION (F)		239.892	217.592	245.564	184.292
	PROFIT BEFORE TAX (E-F) (G)		128.624	37.802	46.160	65.652
Less	TAX (I)		37.595	13.981	15.400	12.955
Add	Tax Relating to earlier year		0.015	7.561	2.157	0.000
	PROFIT AFTER TAX (G-I) (J)		91.044	31.382	32.917	52.697
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		1022.848	991.466	958.549	905.852
	BALANCE CARRIED TO THE B/S		1113.892	1022.848	991.466	958549
	EARNINGS IN FOREIGN CURRENCY
		FOB Value of Export	642.460	639.709	749.897	711.636
	TOTAL EARNINGS		642.460	639.709	749.897	711.636
	IMPORTS
		Raw Materials	0.000	26.776	135.126	77.679
		Capital Goods	2.550	61.035	10.785	141.699
		Components & Spare Parts	25.902	19.052	32.040	34.840
	TOTAL IMPORTS		28.452	106.863	177.951	254.218
	Earnings Per Share (Rs.)		26.78	9.23	9.68	15.50

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008	31.03.2007
Net Profit Margin (PBT/Sales)	(%)	6.54	2.16	2.55	3.82
Return on Total Assets (PBT/Total Assets}	(%)	4.24	1.22	1.47	2.04
Return on Investment (ROI) (PBT/Networth)		0.11	0.04	0.04	0.06
Debt Equity Ratio (Total Liability/Networth)		1.39	1.71	1.84	2.01
Current Ratio (Current Asset/Current Liability)		8.93	8.52	11.14	11.53

LOCAL AGENCY FURTHER INFORMATION

Note:

The registered office of the company has been shifted from 244A Td Street, Race Course, Coimbatore-641018, Tamilnadu, India to present address w.e.f. 24.01.2007

Performance:

The performance of the company during the year was satisfactory. The directors do not recommend any dividend for the year ended 31.03.2010 in order to conserve resources for the future.

Contingent Liabilities on account of

Particulars	31.03.2009 Rs. In Millions	31.03.2009 Rs. In Millions
Estimated amount of contract to be executed on Capital account not provided for (Net of Advances)	1.197	10.538
Disputed statutory demands not accounted for	2.551	2.551
Export Bills discounted with banks [Export obligations arising form usage of licences issued under concessional/ nil duty schemes is Rs. 850.326 Millions (Rs. 1025.054 Millions). The obligation is being fulfilled as stipulated. The duty liability account of the outstanding obligation has not been quantified]	52.996	57.082

Bankers Charges Report as per Registry

Name of the company	PREMIER MILLS PRIVATE LIMITED
Presented By	Mr. M R Thiagarajan – Company Secretary
1) Date and description of instrument creating the change	01.04.1999 Agreement for open Cash Credit 01.04.1999 Agreement for Hypothecation of Book Debts
2) Amount secured by the charge/amount owing on the securities of charge	Rs. 106.100 Millions
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given	Stock of raw materials, stock in process, finished goods and stores and spares belonging to the company. All the book debts now owing to the company and also the book debts which may at any time during the continuance of this security become owing to the company in the course of its business.
4) Gist of the terms and conditions and extent and operation of the charge.	The charge operates as security for the due repayment and discharge and discharge by the company of the working capital credit facilities aggregating to Rs. 106.100 Millions sanctioned by Andhra Bank
5) Name and Address and description of the person entitled to the charge.	Andhra Bank 17 Mill Road, Coimbatore – 641001, Tamilnadu, India
6) Date and brief description of instrument modifying the charge	28.04.2004 Composite Agreement dated 28.04.2004
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification.	The amount secured by the Hypothecation is charge is increased to Rs. 171.200 Millions from Rs. 171.000 Millions. However the amount secured by the mortgage remains at Rs. 171.300 Millions

FROM 8

Corporate identity number (CIN) Foreign company registration number	U17111TZ1945PTC000146
Name of the Company	PREMIER SPINNING AND WEAVING PRIVATE LIMITED
Address	244, A. T. D. Street, Race Course, Coimbatore – 641018, Tamilnadu
This form is for	Modification of Charge
Charge identification number of the modified	10058468
Type of Charge	Immovable Property
Particulars of the charge holder	Andhra Bank, 17 Mill Road, Coimbatore – 641001, Tamilnadu, India
Nature of description of the instrument creating or modifying the charge	No Instrument was executed. A Joint mortgage by deposit of title deeds was created by the company over its immovable properties vide memorandum of mortgage by deposit of title deeds dated 15.06.2009
Date of instrument Creating the charge	15.06.2009
Amount secured by the charge	Rs.22.570 Millions
Brief of the principal terms and conditions	Rate of Interest 9.50% per annum with monthly rests Terms of Repayment Term loan is repayable in 32 quarterly installments of Rs. 0.705 Million each, commencing from January 2009 Margin 20% Extent and Operation of the charge Pari passu first charge on the entire fixed assets of the company both present and future
Short Particulars of the property charged	Fixed assets situated at Belathur- Thinnapally Choodapuram Villages in Dharmapuri District in the stat of Tamilnadu Fixed Assets situated at Mouje Biuleswarpura of Kalol Taluk in The State of Gujarat Fixed assets situated at Pukkulam and Thottampatti Villages in udumalpet taluk of Coimbatore Dsitrict in the state of Taminadu Fixed assets situated at Kozhumankondan, Midapadi, Muthunaickenpatti, Melkaraipatti, Pushpathur and Thalaiyuthur Villages in Palani Taluk of Dindigul District in the State of Tamilnadu
Particulars of the present modification	The pari passu first charge created by the company over movable fixed assets on 28.03.2009 is additionally secured by pari passu first charge over the entire fixed assets of the company situated at the locations described in para 15 of this form by way of mortgage of the title deerds

Fixed Assets:

• Freehold Land
• Buildings
• Machinery
• Electrical/ Data Processing Machines
• Office Equipments and Furniture
• Vehicles

AS PER WEBSITE

Profile:

The Premier Group has an international reputation for quality built over the past 60 years of innovation in the textile industry. Established in 1949, Premier Mills is a member of the Premier Group and a manufacturer and exporter of fine combed cotton yarn, producing over 18 million kilograms a year. With export revenues of over USD 150 million, Premier Mills is a dominant player in the global textile market today, utilizing cutting edge technology, high-grade raw materials and stringent quality control to deliver only the finest products to its customers. The company is headquartered in Coimbatore, India with a dedicated workforce of over 5000 employees.

Premier Mills uses the finest raw cotton chosen from Egypt, USA and India. Premier is also a Supima licensee and its products carry the Oeko-Tex certification.

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	Indian Rupees
US Dollar	1	Rs.45.27
UK Pound	1	Rs.73.34
Euro	1	Rs.64.58

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	8
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	7
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	7
--CREDIT LINES	1~10	7
--MARGINS	-5~5	---
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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		64

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 and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
-	NB	New Business	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.