MIRA INFORM REPORT

Report Date :

28.02.2011

Note: The registered office of the company has been shifted from Madhuvan Vihar, No. 703, 1^st Floor, 3^rd Block, 6^th ‘B’ Cross, Near BDA Shopping Complex, Koramangala, Bangalore-560034, Karnataka, India to the present address w.e.f. 01.03.2010

IDENTIFICATION DETAILS

Name :	PRATEEK APPARELS PRIVATE LIMITED

Registered Office :	# 113, Krishna Reddy Industrial Area, 7^th Mile, Kudlu Gate, Hosur Road, Bangalore-560068, Karnataka

Country :	India

Financials (as on) :	31.03.2010

Date of Incorporation :	10.01.1995

Com. Reg. No.:	08-016925

CIN No.: [Company Identification No.]	U85110KA1995PTC016925

TAN No.: [Tax Deduction & Collection Account No.]	BLRP01095D BLRP01087C

PAN No.: [Permanent Account No.]	AAACP7190B

Legal Form :	Private Limited Liability Company

Line of Business :	Manufacturer, Importer and Exporter of Ready Made Garments.

RATING & COMMENTS

MIRA’s Rating :

Ba (49)

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

Maximum Credit Limit :	USD 4100000

Status :	Satisfactory

Payment Behaviour :	Usually correct

Litigation :	Clear

Comments :	Subject is a well established company having satisfactory track. There appears some losses being incurred by the company continuously in two year. However, networth appears to be satisfactory. Trade relations are reported as fair. Business is active. Payments are reported to be usually 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

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

INFORMATION PARTED BY

Name :	Mr. Srinath
Designation :	Finance Controller
Contact No.:	91-80-42815327
Date :	26.02.2011

LOCATIONS

Registered/Head Office :	# 113, Krishna Reddy Industrial Area, 7^th Mile, Kudlu Gate, Hosur Road, Bangalore-560068, Karnataka, India
Tel. No.:	91-80-42815327/42815400
Fax No.:	91-80-42815314/42815300
E-Mail :	common@bgl.vsnl.net.in rhegde@prateekapparels.com srinathsairam@prateekapparels.com
Website :	http://www.prateekapparels.com
Area :	5000 sq. ft.
Location :	Rented

Factory 1 :	Unit-1 v 714, S.R.K.Plaza, Garvebhavipalya, Hosur Main Road, Bangalore – 560068, Karnataka, India Tel.No: 91-80-25732989/25733880 UNIT – 2 and 3 v ½, Begur Road, Bommanahalli Industrial Area, Bangalore – 560068, Karnataka, India Tel.No: 91-80-25736266/25736267 Unit – 4 v Kudlu Gate, Hosur Road, Bangalore, Karnataka, India

DIRECTORS

AS ON 29.09.2010

Name :	Mr. Pradeep Phulchand Agarwal
Designation :	Chairman
Address:	118 – B, Dariya Mahal – 80, Napeansea Road, Mumbai – 400026, Maharashtra, India
Date of Birth/Age :	27.06.1963
Date of Appointment	29.09.2007

Name :	Mr. Vipul H. Mankad
Designation :	Director
Address:	105-107, Joliy Maker Chambers, Nariman Point, Mumbai-400021, Maharashtra, India
Date of Birth/Age :	1.08.1958
Date of Appointment	30.03.2007
Date of Ceasing:	05.10.2010

Name :	Mr. Raghu Hegde
Designation :	Director
Address:	135/A Jakkasandra Block, Koramangala, Bangalore – 560034, Karnataka, India
Date of Birth/Age :	18.03.1966
Date of Appointment	30.09.2005

Name :	Mr. Sanjay Gopal Dalmia
Designation :	Additional Director
Address :	D-005, Olive Block, Raheja Residency, Koramangala, Bangalore 560 034, Karnataka, India
Date of Birth/Age :	07.10.1975
Date of Appointment	30.09.2006
Other Directorships :	Prateek Garments Private Limited Munch Dewsign Workshop Private Limited

Name :	Sujit Parsatwar
Designation :	Director
Address:	301 B, Evrest Cleo Patra Park Road, Vile Parle, Mumbai-400052, Maharashtra, India
Date of Birth/Age :	30.10.1963
Date of Appointment	28.09.2007

Name :	Mr. Harsh Kaul
Designation :	Director
Address:	Flat No. 402, Rheja Majestic SIDBI Off Apartment, Mumbai-400016, Maharashtra, India
Date of Birth/Age :	31.03.1955
Date of Appointment	29.09.2010

Name :	Mr. Uttam Rao Kale
Designation :	Director
Address:	X 703, Adarsh Palm Retrea, Outer RG Road, Devarabisanahalli, Bangalore-560103, Karnataka, India
Date of Birth/Age :	26.02.1968
Date of Appointment	01.01.2011

KEY EXECUTIVES

Name :	Mr. Srinath G. Reddy
Designation :	Secretary
Address :	89:87, Sainil Ayam Gatti Geriexl 11 Stage, Heml Rajarajeshwari Nggar, Bangalore-560098, Karnataka, India
Date of Birth/Age :	02.01.1963
Date of Appointment :	09.04.2008

Name :	Mr. Srinath
Designation :	Finance Controller

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2010

Names of Shareholders		No. of Shares
Pradeep Phulchand Agarwal		5330000
Spana Pradeep Agarwal		950000
Prateek Pradeep Agarwal		580000
Parameshwri Devi Agarwal		480000
Phulchand Exports Limited, India		6960000
SIDBI Trustee Company Limited NA, India		4000000
Phulchand Agarwal		1200000
Rivian International Private Limited, India		500000
Jhunj Hunuwala NL		100000
Pramod Panduranga Timblo		500000
Seven Island Shipping Limited, India		400000

Total		21000000

AS ON 29.09.2010

Equity Share Breakup		Percentage of Holding
Category
Bodies corporate		37.43
Directors or relatives of directors		40.66
Other		2.86
Venture capital		19.05
Total		100.00

BUSINESS DETAILS

Line of Business :

Manufacturer, Importer and Exporter of Ready Made Garments.

Products :

Product Description	Item Code
Readymade Shirts/ Trousers	6201.00
Fabrics / Retails Garments and Accessories	5207.00

Brand Name:

Coupon
F Square

Exports :

Products :

Men’s Formal, Casual Shirts, Ladies Wear and Kind’s Wear

Countries :

China
Dubai
Hong Kong
USA

Imports :

Products :

Raw Material

Countries :

Egypt
Singapore
Hong Kong
Germany

Terms :

Selling :

L/C / Cash / Credit (30 days / 60 days / 90 days)

Purchasing :

L/C / Cash / Credit (30 days / 60 days / 90 days)

PRODUCTION STATUS (AS ON 31.03.2010)

Particulars	Unit	Actual Production
Readymade Garments
Own Production	Pcs	2591150
Through Job Workers	Pcs	40115

Note: Installed capacity can not be quantified on account of a large variety of products that can be manufactured with varying specification.

GENERAL INFORMATION

Customers :

Wholesalers, Retailers, End Users and OEM’s

No. of Employees :

2500 (Approximately)

Bankers :

Centurion Bank, Cunningham Road, Bangalore – 560002, Karnataka
Canara Bank, Prime Corporate Branch II, Varma Chambers, 2^nd Floor, Homji Street, Fort, Mumbai – 400001, Maharashtra
Kotak Mahindra Bank
Lakshmi Vilas Bank Limited

Facilities :

Secured Loan	As on 31.03.2010 (Rs. in Millions)	As on 31.03.2009 (Rs. in Millions)
From Banks
Term Loans for Canara Bank [Secured by hypothecation of all present and future plant, machinery, tools, and accessories of the company) (Principal repayment due within one year Rs.3.000 millions (2009 Rs.9.500 millions)]	3.000	12.500
Vehicles Loans (Secured by hypothecation of respective vehicles purchase) (Principal repayment due within one year Rs.0.711) (2009 Rs.0.767 millions)	2.379	3.145
Interest accrued and due	0.040	0.170
Working Capital Loans
Cash Credit From Canara Bank	190.711	206.065
Demand Loan From Canara Bank (The above are secured by the hypothecation of stocks and book debts and second charge on fixed assets of the company both present and future personal guarantee of Mr. Pradeep Agarwal and Mr. Sanjay Dalmia, directors of the company and Mrs. Sapna Agarwal, relative of a directors and corporate guarantee of purchased exports limited.)	200.000	200.000
Cash Credit From Lakshmi Vilas Bank Limited (Secured by hypothecation of stocks and book debs and second charge on fixed assets of the company both present and future personal guarantee of Mr. Pradeep Agarwal and Mr. Sanjay Dalmia, directors of the company and Mrs. Sapna Agarwal, relative of a directors and corporate guarantee of purchased exports limited.)	161.075	72.503
Interest accrued and due	2.201	2.194
From Others
Vehicles Loans (Secured by hypothecation of respective vehicles purchased)	0.122	0.469
Total	559.528	497.046

Unsecured Loan
From a Directors	0.500	1.400
Total	0.500	1.400


Banking Relations :	--

Auditors :
Name :	Walker Chandiok and Company Chartered Accountant
Address :	Wings, First Floor, 16/1, Cambridge Road, Halasur, Bangalore-560008, Karnataka, India
Tel. No.:	91-80-42430700
Fax No.:	91-80-41261228
E-Mail :	bengaluru@wcgt.in

Associates/Subsidiaries :	Prateek Spintex Limited (U18101KA2007PLC043877) Munch Desing Workshop Private Limited (U05190KA2004PTC034048) Prakanz Tex Private Limited (U17120KA2007PTC044555)

CAPITAL STRUCTURE

AS ON 29.09.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
27000000	Equity Shares	Rs.10/- each	Rs.270.000 Millions
1500000	Preferences Shares	Rs.100/- each	Rs.150.000 Millions
	Total		Rs.420.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
21000000	Equity Shares	Rs.10/- each	Rs.210.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		210.000	210.000	260.000
2] Share Application Money		0.000	0.000	505.800
3] Reserves & Surplus		826.273	864.556	248.292
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		1036.273	1074.556	1014.092
LOAN FUNDS
1] Secured Loans		559.528	497.046	426.926
2] Unsecured Loans		0.500	1.400	0.122
TOTAL BORROWING		560.028	498.446	427.048
DEFERRED TAX LIABILITIES		6.399	37.860	13.373

TOTAL		1602.700	1610.862	1454.513

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		443.249	473.136	135.472
Capital work-in-progress		22.134	18.469	30.726

INVESTMENT		1.651	1.651	455.251
DEFERREX TAX ASSETS		0.000	0.000	0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	848.340	904.809	497.026
	Sundry Debtors	496.510	360.427	447.419
	Cash & Bank Balances	34.007	12.748	170.588
	Other Current Assets	0.772	0.441	0.374
	Loans & Advances	404.773	355.347	169.606
Total Current Assets		1784.402	1633.772	1285.013
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	403.215	440.798	347.319
	Other Current Liabilities	226.636	58.471	85.001
	Provisions	18.885	16.897	28.970
Total Current Liabilities		648.736	516.166	461.290
Net Current Assets		1135.666	1117.606	823.723

MISCELLANEOUS EXPENSES		0.000	0.000	9.341

TOTAL		1602.700	1610.862	1454.513

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	2144.900	2290.700	2192.500
		Other Income	34.000	34.800	21.800
		TOTAL	2178.900	2325.500	2214.300

Less	EXPENSES
		Office Expenses
		Administrative Expenses	2211.800	2271.800	2125.400
		Advertising Expenses
		Financial Expenses
		TOTAL	2211.800	2271.800	2125.400

Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		(32.900)	53.700	88.900

Less/ Add	DEPRECIATION/ AMORTISATION		37.700	51.000	9.500

	PROFIT BEFORE TAX		(70.600)	2.700	79.400

Less	TAX		(32.300)	12.200	28.900

	PROFIT AFTER TAX		(38.300)	(9.500)	50.500

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		92.100	118.300	67.800

Add	BALANCE OF PROFIT AND LOSS ACCOUNT AS AT 1 APRIL 2008 OF ERSTWHILD TRANSFEROR COMPANIES		0.000	(34.100)	0.000
	THE DIFFERENCE BETWEEN THE CARRYING VALUE OF INVESTMENT IN ERSTWHILE TRANSFEROR COMPANIES IN THE COMPANY BOOK AND OPENING BALANCE OF SHARE CAPITAL OF ERSTWHILE TRANSFEROR COMPANIES		0.000	33.800	0.000

Less	DEFERRED TAX LIABILITY OF ERSTWHILE TRANSFEROR COMPANIES AS AT 1^ST APRIL 2008		0.000	14.800	0.000
	PRELIMINARY AND PRE OPERATIVE EXPENSES OF ERSTWHILE TRANSFEROR COMPANIES AS AT 1^ST APRIL 2008 WRITTEN		0.000	1.600	0.000
	BALANCE CARRIED TO THE B/S		53.800	92.100	118.300

	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	9.176	10.722	34.294

	IMPORTS
		Accessories	7.287	9.339	6.892
		Capital Goods	2.641	0.000	4.595
		Spars	0.598	0.000	0.000
		Raw Material	0.000	0.142	0.910
		Garment and Others	0.000	1.746	20.762
	TOTAL IMPORTS		10.526	11.227	33.159

	Earnings Per Share (Rs.)		(1.82)	0.45	NA

Expected Sales (2010-2011) : Rs.2300.000 Millions

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	(1.76)	(0.41)	2.28

Net Profit Margin (PBT/Sales)	(%)	(3.29)	0.12	3.62

Return on Total Assets (PBT/Total Assets}	(%)	(3.17)	0.13	5.59

Return on Investment (ROI) (PBT/Networth)		(0.07)	0.00	0.07

Debt Equity Ratio (Total Liability/Networth)		1.17	0.94	0.88

Current Ratio (Current Asset/Current Liability)		2.75	3.17	2.79

LOCAL AGENCY FURTHER INFORMATION

Details of Sundry Creditors:

Particulars	31.03.2010 (Rs. in millions)	31.03.2009 (Rs. in millions)	31.03.2008 (Rs. in millions)
Sundry Creditors
Total outstanding dues of micro enterprises and small enterprises	4.486	0.458	0.000
Total outstanding dues of creditors other than micro enterprises and small enterprises	398.729	440.340	347.319
Total	403.215	440.798	347.319

BACKGROUND:

Prateek Apparels Private Limited (the Company’) was incorporated on 10 January 1995 and is engaged in the manufacture and sale of apparels serving leading brands in the domestic market.

The Company is also engaged in carrying on the business of ‘Value-for-Money’ stores at various locations across India, for the sale of different brands of merchandise including ready-made clothing, footwear, lifestyle products, home furnishing and allied products, cosmetics, etc.

OPERATIONS AND DIVISION:

The Retail Division is engaged in carrying on the business of ‘Value-for-Money’ stores under brand name “COUPON” and “F SQUARE” at various locations across India, for the sale of different brands of merchandise including ready-made clothing, footwear, lifestyle products, home furnishing and allied products ,cosmetics, grocery etc. including products manufactured by Prateek’s group companies and Hubli Division is engaged in carrying on the business of manufacture of Ready Made Garments.

REVIEW OF OPERATIONS AND FUTURE PROSPECTS:

The year was extremely challenging. There was a considerable slow down of economies all over the world, India being no exception. Lately, however the Indian economy is showing signs of regaining normalincy, which is very welcome development, this led to a difficult environment in which the Company had to operate and the Company had to face the brunt of the economic slow-down resulting in to decreased sales volumes and pressure on the profit margins and financing Costs. Even Industrial growth is now showing healthy signs of revival. There is thus no reason why we should not expect happier times in the year to come.

The Company’s total sales on consolidated basis 2178.900 millions and profit before depreciation 54.300 millions and profit before Income Tax is 16.500 millions. This revenue and profit figures have been arrived at after adjusting for losses contributed by erstwhile transferor Companies.

There was a slight fall in the turnover of the company because of slowdown of the economy as stated above. The company has taken aggressive steps to meet the challenges of the difficult times through the major initiatives in sustaining growth, cost optimization, process management and efficient management of working capital.

The company is quite hopeful that the coming quarters will see better sales and the performances of the company will be revived.

Bankers Charges Report as per Registry

This form is for	Creation of charge
Corporate identity number of the company	U85110KA1995PTC016925
Name of the company	PRATEEK APPARELS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	# 113, Krishna Reddy Industrial Area, 7^th Mile, Kudlu Gate, Hosur Road, Bangalore-560068, Karnataka, India
Type of charge	Movable Property (not being pledge) Others
Particular of charge holder	Canara Bank, Prime Corporate Branch II, Varma Chambers, 2^nd Floor, Homji Street, Fort, Mumbai – 400001, Maharashtra, India
Email	suyashri@vsnl.com
Nature of description of the instrument creating or modifying the charge	Common Hypothecation Agreement (CHA) dated 04.10.2010
Date of instrument Creating the charge	04.10.2010
Amount secured by the charge	Rs.350.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest @ 5% above base rate with a min. of 13% p.a. with monthly rests. Terms of Repayment 24 quarterly installments after moratorium period of 3 months from the date of First disbursement. Margin 57.50% Extent and Operation of the charge Bank granted T.L. of Rs. 350.000 Millions ., against security by way of 1st charge on various project assets consisting of furniture and fixtures, equipments, computer, software etc. valued at Rs.520.000 Millions ., installed / to be installed at various locations / outlets of the Co.
Short particulars of the property charged	1st charge on project assets consisting of furniture and fixtures, equipments, computer, software etc. installed at various locations/outlets of Co.

Trade References:

Ramsons Garment Finishing Company, Egypt
Levi Straus India Private Limited, Bangalore
Juki, Hong Kong and Singapore

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.45.37
UK Pound	1	Rs.73.25
Euro	1	Rs.62.68

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--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		49

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.

MIRA INFORM REPORT

Unit-1

UNIT – 2 and 3

Unit – 4

848.340

496.510

34.007

0.772

404.773

1784.402

403.215

226.636

18.885

648.736

1135.666

(1.76)

(3.29)

(3.17)

(0.07)

1.17

2.75

Unit