MIRA INFORM REPORT

Report Date :

08.11.2011

IDENTIFICATION DETAILS

Name :	YORK PRINT PRIVATE LIMITED
Registered Office :	G S Road, Village Baridua, Baridua – 793 102, Meghalaya
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	10.01.2002
Com. Reg. No.:	21-6726
Capital Investment / Paid-up Capital :	Rs.17.153 millions
CIN No.: [Company Identification No.]	U21029ML2002PTC006726
TAN No.: [Tax Deduction & Collection Account No.]	SHLY00013G
PAN No.: [Permanent Account No.]	AAACY1547R
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Printed Cartons.
No. of Employees :	120 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (49)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 600000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. 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 – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
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/Factory 1 :	G S Road, Village Baridua, Baridua – 793 102, Meghalaya, India
Tel. No.:	91-361-2896697
Fax No.:	Not Available
E-Mail :	yorkprintpvtltd@vsnl.net.in office@yorkprint.in
Location :	Owned
Factory 2 :	Located at Dewduar, Kamrup, District Assam

DIRECTORS

As on 30.09.2010

Name :	Mr. Anil Kumar Mehra
Designation :	Director
Address :	B G 40, Salt lake City, Kolkata – 700 091, West Bengal, India
Date of Birth/Age :	07.12.1955
Date of Appointment :	10.01.2002
DIN No.:	00768815

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U21099WB1989PTC047760	York Print and Pack Private Limited	Director	24-10-89	24-10-89	Active	NO
2	U21029ML2002PTC006726	York Print Private Limited	Director	10-01-02	10-01-02	Active	NO

Name :	Mr. Milan Kumar Mehra
Designation :	Director
Address :	B G 40, Salt lake City, Kolkata – 700 091, West Bengal, India
Date of Birth/Age :	09.05.1953
Date of Appointment :	07.05.2008
DIN No.:	00768852

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U21099WB1989PTC047760	York Print and Pack Private Limited	Director	24-10-89	24-10-89	Active	NO
2	U21014WB1994PTC066189	U V Coaters Private Limited	Director	29-11-94	29-11-94	Active	NO
3	U22219WB1996PTC078997	Wide Angle Packaging System Private Limited	Director	02-04-96	02-04-96	Active	NO
4	U21029ML2002PTC006726	York Print Private Limited	Director	07-05-08	07-05-08	Active	NO

Name :	Mr. Manoharlal Mehra
Designation :	Director
Address :	B G 40, Salt lake City, Kolkata – 700 091, West Bengal, India
Date of Birth/Age :	01.11.1953
Date of Appointment :	15.09.2004
DIN No.:	00769302

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U21099WB1989PTC047760	York Print and Pack Private Limited	Director	24-10-89	24-10-89	-	Active	NO
2	U21014WB1994PTC066189	U V Coaters Private Limited	Director	12-07-95	12-07-95	-	Active	NO
3	U22219WB1996PTC078997	Wide Angle Packaging System Private Limited	Director	01-04-97	01-04-97	01-11-10	Active	NO
4	U21029ML2002PTC006726	York Print Private Limited	Director	15-09-04	15-09-04	-	Active	NO

Name :	Mr. Amit Kumar Mehra
Designation :	Director
Address:	P-201, CIT Road, Scheme- VI, Kolkata-700054, West Bengal, India
Date of Appointment :	15.09.2004
DIN No.:	00772842

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U21099WB1989PTC047760	York Print and Pack Private Limited	Director	24-10-89	24-10-89	Active	NO
2	U21014WB1994PTC066189	U V Coaters Private Limited	Director	29-11-94	29-11-94	Active	NO
3	U21029ML2002PTC006726	York Print Private Limited	Director	15-09-04	15-09-04	Active	NO

Name :	Mr. Ashim Kumar Mehra
Designation :	Director
Address :	B G 40, Salt lake City, Kolkata – 700 091, West Bengal, India
Date of Appointment :	15.09.2004
DIN No.:	00798351

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U21099WB1989PTC047760	York Print and Pack Private Limited	Director	24-10-89	24-10-89	Active	NO
2	U21029ML2002PTC006726	York Print Private Limited	Director	15-09-04	15-09-04	Active	NO
3	U74950ML2004PTC007363	Oxford Packaging Private Limited	Director	01-04-05	01-04-05	Active	YES
4	U21029WB2002PTC094982	York Cards Private Limited	Director	30-09-09	25-07-09	Strike off	NO
5	U22219WB1996PTC078997	Wide Angle Packaging System Private Limited	Director	29-09-11	01-11-10	Active	NO

Name :	Mr. Rajeev Kumar Kataruka
Designation :	Director
Address :	P-201 Cit Road, Scheme Vill Kolkata – 700 001, West Bengal, India
Date of Birth/Age :	31.01.1965
Date of Appointment :	10.01.2002
DIN No.:	00826617

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U51909WB1999PTC090637	Jagdamba Impex Private Limited	Director	24-11-99	24-11-99	-	Active	NO
2	U17297WB1997PTC084638	Comfort Synthetics Private Limited	Director	03-08-00	03-08-00	03-12-10	Active	NO
3	U21029ML2002PTC006726	York Print Private Limited	Director	10-01-02	10-01-02	-	Active	NO
4	U70101WB2005PTC102185	Ganpati Mansion Private Limited	Director	10-03-05	10-03-05	15-07-08	Active	NO
5	U45400WB2005PTC106400	Shree Guru Realtors Private Limited	Director	29-11-05	29-11-05	-	Active	NO
6	U22219WB1980PLC033111	Graphitech India Limited	Director	28-12-06	28-12-06	19-05-09	Active	NO
7	U70101WB2004PTC098720	Siddhi Vinayak Developers Private Limited	Director	05-02-07	05-02-07	08-12-07	Active	NO
8	U74900WB2005PTC102186	Baba Bhoothnath Commex Private Limited	Director	05-02-07	05-02-07	08-12-07	Active	NO
9	U01409WB2005PTC103046	Vidhi Farming Private Limited	Director	02-03-07	02-03-07	08-12-07	Active	NO
10	U22219WB1996PTC078997	Wide Angle Packaging System Private Limited	Whole-time director	29-09-08	29-03-08	-	Active	NO
11	U01409WB2006PTC109525	Utkarsh Horticulture Private Limited	Director	15-07-08	15-07-08	-	Active	NO
12	U51909WB2007PTC120719	Indigo Tie-Up Private Limited	Director	16-03-10	16-03-10	-	Active	NO
13	U51909WB2010PTC154880	Mangalkamna Tradelink Private Limited	Director	29-09-11	25-11-10	-	Active	NO
14	U51909WB2010PTC154869	Ganeshvani Commercial Private Limited	Director	30-09-11	25-11-10	-	Active	NO

Name :	Mr. Manoranjan Singh
Designation :	Director
Address :	5-7A, Jessor Road, Kolkata – 700 001, West Bengal, India
Date of Birth/Age :	01.11.1953
Date of Appointment :	15.09.2004
DIN No.:	01470953
Name :	Mr. Vicco Syeim
Designation :	Director
Address :	9^th Mile, G S Road, Baridua – 701 023, Meghalaya, India
Date of Appointment :	10.01.20002
Name :	Mr. Gautam Tandon
Designation :	Director
Date of Appointment :	15.09.2004
DIN No.:	00769149

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U21099WB1989PTC047760	York Print and Pack Private Limited	Director	24-05-03	24-05-03	Active	NO
2	U21029ML2002PTC006726	York Print Private Limited	Director	15-09-04	15-09-04	Active	NO

KEY EXECUTIVES

Name :	K. Arun and Company
Designation :	Company Secretary
Address :	52, Western Street, 3^rd Floor, Room No.304, Kolkata – 700012, India
Tel No.:	91-33-22115293/ 22115350
Email :	khandellaarun@hotmail.com

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2010

Names of Shareholders	No. of Shares
Anil Kumar Mehra	197200
Rajeev Kumar Kataruka	154500
Manoranjan Singh	2100
Rajeshwari Tripathi	100
Shankarlal Tripathi	100
Manmohanlal Mehra	92600
Amit Mehra	50200
Milan Mehra	50200
Look Well Labels (Private) Limited, India	670000
Supriyo Ranjan Chowdhary	500
Debolina Chowdhary	500
Niranjan Das Dhawan	100
Shyamal Bose	100
Gautam Tondon	65100
K P Credits and Traders Private Limited, India	17000
Sitaram Investments Limited, India	25000
Motcab Finance Private Limited, India	18000
Quick Merchant Private Limited, India	35000
Gitam Trading Private Limited, India	29000
Dishapuran Marketing Private Limited, India	10000
Satish Kapur and Preeti Kapur	50000
Gold Mine Commodities Private Limited, India	7000
Sidhant Vyapaar Private Limited, India	20000

As on 30.09.2010

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	55.38
Directors or relatives of directors	38.59
Other top fifty shareholders	6.03
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Printed Cartons.

.

Products :

Product Description	ITC Code
Container and boxes of Paper	1602000565
Printed Leaflets	Not Available

PRODUCTION STATUS As on 31.03.2010

Particulars	Unit	Licensed Capacity	Installed Capacity
Printed Cartons and Corrugated Boxes	Pcs.	360000000	360000000

Particulars	Unit	Actual Production
Printed Cartons	Pcs.	399691884
Printed Leaflets	Pcs.	5095645
Labels	Pcs.	614800
Printed Sheets	Pcs.	15000

GENERAL INFORMATION

No. of Employees :

120 (Approximately)

Bankers :

· Corporation Bank

CF-335, Sector 1, Salt Lake City, Kolkata - 700 064, West Bengal, India

· The Federal Bank Limited

Shakespeare Sarani Branch, 21A, Shakespeare Sarani, Kolkata – 700 017, West Bengal, India

Facilities :

Secured Loans	As on 31.03.2010 Rs. in millions	As on 31.03.2009 Rs. in millions
From Banks
Cash Credit	60.726	52.227
Term Loan	192.136	7.994
Hire Purchase Loan	1.037	1.054
Total	253.899	61.275

Unsecured Loans	As on 31.03.2010 Rs. in millions	As on 31.03.2009 Rs. in millions
From Bodies Corporate	5.129	6.346
From Shareholders	4.235	4.024
From Directors	0.000	0.283
From Bank	0.643	0.441
Interest Accrued and Due	0.252	0.145
Total	10.259	11.239

Banking Relations :

Satisfactory

Auditors :

Name :

Agrawal and Agrawal

Chartered Accountants

Address :

74, Bentic Street, Kolkata – 700 001, West Bengal, India

Tel No.:

91-33-22377160/ 22373751

Parties where key management personnel or their relatives have significant influence :

· Lookwell Labels Private Limited

· Wide Angle Packaging Systems Private Limited

· York Print and Pack

· Oxford Packaging Private Limited

· Oxford Paper and Board

CAPITAL STRUCTURE

After 30.09.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.10/- each	Rs.50.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2087300	Equity Shares	Rs.10/- each	Rs.20.873 millions

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.10/- each	Rs.50.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1715300	Equity Shares	Rs.10/- each	Rs.17.153 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		17.153	13.153	13.152
2] Share Application Money		32.450	36.450	3.015
3] Reserves & Surplus		100.576	48.347	35.136
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		150.179	97.950	51.303
LOAN FUNDS
1] Secured Loans		253.899	61.275	78.726
2] Unsecured Loans		10.259	11.239	14.005
TOTAL BORROWING		264.158	72.514	92.731
DEFERRED TAX LIABILITIES		0.000	5.534	0.000
TOTAL		414.337	175.998	144.034
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		324.872	79.043	81.921
Capital work-in-progress		21.503	33.617	0.126
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	67.067	29.714	23.480
	Sundry Debtors	34.610	23.482	43.883
	Cash & Bank Balances	10.160	10.018	9.543
	Other Current Assets	10.322	8.493	11.261
	Loans & Advances	13.641	22.173	11.471
Total Current Assets		135.800	93.880	99.638
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	51.802	28.673	32.293
	Other Current Liabilities	14.893	0.570	4.052
	Provisions	1.143	1.299	1.306
Total Current Liabilities		67.838	30.542	37.651
Net Current Assets		67.962	63.338	61.987
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		414.337	175.998	144.034

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2010	31.03.2009	31.03.2008
	SALES
			Income	361.428	298.708	287.010
			Other Income
			TOTAL	361.428	298.708	287.010
	EXPENSES
			Office Expenses	348.761	277.213	272.404
			Administrative Expenses
			Advertising Expenses
			TOTAL	348.761	277.213	272.404
	PROFIT/LOSS BEFORE TAX			12.667	21.495	14.606
Less	TAX			(3.562)	8.284	1.795
	PROFIT/LOSS AFTER TAX			16.229	13.211	12.811
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD			43.347	30.136	17.953
Less	Charge on account of transitional provisions (Relating to Accounting Standard 15 on Employee Benefits)			0.000	0.000	0.628
	BALANCE CARRIED TO THE B/S			59.576	43.347	30.136
	IMPORTS
		Raw Materials		3.585	2.064	NA
		Components and Spare Parts		0.488	0.107	NA
		Capital Goods		155.675	0.000	NA
	TOTAL IMPORTS			159.748	2.171	NA
	Earnings Per Share (Rs.)			9.46	--	--

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	4.49	4.42	4.46
Return on Total Assets (PBT/Total Assets}	(%)	2.75	12.43	8.04
Return on Investment (ROI) (PBT/Networth)		0.08	0.22	0.28
Debt Equity Ratio (Total Liability/Networth)		2.21	1.05	2.54
Current Ratio (Current Asset/Current Liability)		2.00	3.07	2.65

LOCAL AGENCY FURTHER INFORMATION

OPERATIONS

The company has a unique advantage of being the only manufacturer of printed cartons using modern machineries in North East India. The uniqueness of the company is reflected in continuing growth of turnover over the years. The Company has registered a turnover of Rs.361.400 millions as against 298.700 millions last year.

NEW PLANT

The Company’s has set up a new manufacturing facility at Dewduar, Kamrup District, Assam is world class with state of art production facility, the commercial operations of which commenced on 4^th September, 2009.

Bankers Charges Report as per Registry

This form is for	Modification of charge
Charge identification number of the modified	90267403
Corporate identity number of the company	U21029ML2002PTC006726
Name of the company	YORK PRINT PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	G S Road, Village Baridua – 793 102, Meghalaya, India
Type of charge	Immovable Property
Particular of charge holder	Corporation Bank CF-335, Sector 1, Salt Lake City, Kolkata - 700 064, West Bengal, India
Nature of description of the instrument creating or modifying the charge	Agreement for Term Loan Memorandum of Deposit of Title Deeds by a Company
Date of instrument Creating the charge	04.05.2009
Amount secured by the charge	Rs.235.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest 12.50% per annum being 0.50% over and above corporation bank bench mark advanced rate (COBAR), which is 12.00% per annum at Present Terms of Repayment Not to exceed 72 months including initial Moratium Period of 12 months from the date of first disbursement in 20 quarterly installment of Rs.10.000 Millions each, monthly interest to be paid separately as and when due and debited Margin As per sanction term Extent and Operation of the charge Rs.235.000 Millions and 72 months
Date of instrument creating or evidencing the charge	04.05.2009
Description of the instrument creating or evidencing the charge	Agreement for term loan dated 04.05.2009 Memorandum of deposit of title deeds dated 04.05.2009
Date of Acquisition of the property	04.05.2009
Amount of the charge	Rs.235.000 Millions
Particulars of the property charged	As per Memorandum of Deposit of Title Deeds by the company
Short particulars of the property charged	As per Memorandum of Deposit of Title Deeds by the company
Particulars of the present modification	By way of this modification the existing limit has been increased from Rs.35.000 Millions to Rs.235.000 Millions

CONTINGENT LIABILITIES

Particulars	As on 31.03.2010 Rs. in millions
Claims against the company not acknowledged as debt	3.415
Electricity Charges	1.133

FIXED ASSETS

Tangible Assets

· Freehold Land

· Building

· Plant and Machinery

· Block, Dies and Templates

· Laboratory Equipments

· Office Equipments

· Computer

· Furniture and Fixture

· Vehicles

Intangible Assets

· Computer Software

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.49.08
UK Pound	1	Rs.78.65
Euro	1	Rs.67.79

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--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	NO
--AFFILIATION	YES/NO	NO
--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.