MIRA INFORM REPORT

Report Date :

17.11.2011

IDENTIFICATION DETAILS

Name :	PRACHAR COMMUNICATIONS LIMITED
Registered Office :	105, B-Wing, 1^st Floor, Samkeet Apartment, Sant Janabai Marg, Off Hanuman Road, Vile Parle (East), Mumbai-400057, Maharashtra
Country :	India
Financials (as on) :	31.03.2010 [CONSOLIDATED]
Date of Incorporation :	21.05.1993
Com. Reg. No.:	11-072094
Capital Investment / Paid-up Capital :	Rs.1.500 Millions
CIN No.: [Company Identification No.]	U74300MH1993PTC072094
TAN No.: [Tax Deduction & Collection Account No.]	MUMP15873E MUMP08470A
PAN No.: [Permanent Account No.]	AABCP5657L
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in advertising, electricity generation by wind mill and derivative trading.
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 1100000
Status :	Good
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is a well established company having satisfactory track. The company is doing well. 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.

INFORMATION PARTED BY

Name :	Mr. Lawrence
Designation :	Commercial Manager
Contact No.:	91-22-42111300
Date :	17.11.2011

LOCATIONS

Registered Office :	105, B-Wing, 1^st Floor, Samkeet Apartment, Sant Janabai Marg, Off Hanuman Road, Vile Parle (East), Mumbai-400057, Maharashtra, India
Tel. No.:	91-22-42111300
Fax No.:	91-22-42111390
E-Mail :	deepak@prachar.in agarwalkala@gmail.com
Admin Office:	45, Yusuf Building, 4^th Floor, Veer, Nariman Road, Fort, Mumbai-400023, Maharashtra, India
Branch Office :	Located At: · Bangalore · Chennai · Guwahati · Gwalior · Baroda · Jaipur · New Delhi

DIRECTORS

As on 30.09.2010

Name :

Mr. Narinder Kessar

Designation :

Director

Name :

Mr. Rajesh Nemichand Jain

Designation :

Director

Address :

502, Laxmi Villa, Tagore Road, Santacruz (West), Mumbai-400054, Maharashtra, India

Date of Birth/Age :

28.08.1963

Date of Appointment :

21.05.1993

Din No.:

00300732

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	U74300MH1993PTC072094	PRACHAR COMMUNICATIONS LIMITED	Managing director	21-05-93	21-05-93	-	Active	NO
2	U74300MH2001PLC134205	PRACHAR 4 COMMUNICATIONS LIMITED	Director	11-12-01	11-12-01	-	Active	NO
3	U92100MH2007PTC174784	GREEN LANTERN PRODUCTIONS PRIVATE LIMITED	Director	05-10-07	05-10-07	-	Active	NO
4	U74300MH2007PTC174877	ATOM CREATIVES PRIVATE LIMITED	Director	10-10-07	10-10-07	-	Active	NO
5	U45203MH2007PTC176985	PRACHAR DEVELOPERS PRIVATE LIMITED	Director	20-12-07	20-12-07	-	Active	NO
6	L24239WB1919PLC136397	ZANDU REALTY LIMITED	Director	13-12-08	05-11-08	10-08-10	Active	NO
7	U40101MH2010PLC207918	GREEN ENERGY GENERATIONS LIMITED	Director	20-09-10	20-09-10	-	Active	NO

Name :

Mr. Rakesh Nemichand Jain

Designation :

Director

Address :

45-A, Flat No. 22, Laxmi Villa, Tagore Road, Santacruz (West), Mumbai-400054, Maharashtra, India

Date of Birth/Age :

09.03.1966

Date of Appointment :

21.05.1993

Din No.:

00301174

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	U74300MH1993PTC072094	PRACHAR COMMUNICATIONS LIMITED	Director	21-05-93	21-05-93	Active	NO
2	U74300MH1999PLC120243	PROACTIVE COMMUNICATIONS LIMITED	Director	01-01-00	01-01-00	Active	NO
3	U51311MH1993PTC071909	FEMTEX MERCANTILE (INDIA) PRIVATE LIMITED	Director	20-09-01	20-09-01	Active	NO
4	U74300MH2001PLC134205	PRACHAR 4 COMMUNICATIONS LIMITED	Director	11-12-01	11-12-01	Active	NO
5	U92490MH2007PTC168017	GOLD DIGITECH THEATERS PRIVATE LIMITED	Director	21-02-07	21-02-07	Active	NO
6	U45203MH2007PTC176985	PRACHAR DEVELOPERS PRIVATE LIMITED	Director	20-12-07	20-12-07	Active	NO
7	U40101MH2010PLC207918	GREEN ENERGY GENERATIONS LIMITED	Director	20-09-10	20-09-10	Active	NO

Name :

Ms. Vinita Lajjaram Jain

Designation :

Director

Address :

502, Laxmi Villa, Tagore Road, Santacruz (West), Mumbai-400054, Maharashtra, India

Date of Birth/Age :

14.12.1970

Date of Appointment :

28.03.2003

Din No.:

00301114

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	U74300MH1993PTC072094	PRACHAR COMMUNICATIONS LIMITED	Director	28-03-03	28-03-03	Active	NO
2	U92100MH2007PTC174784	GREEN LANTERN PRODUCTIONS PRIVATE LIMITED	Director	05-10-07	05-10-07	Active	NO
3	U74300MH2007PTC174877	ATOM CREATIVES PRIVATE LIMITED	Director	10-10-07	10-10-07	Active	NO
4	U74300MH2001PLC134205	PRACHAR 4 COMMUNICATIONS LIMITED	Director	02-02-09	02-02-09	Active	NO

Name :

Ms. Shivani Mitterson Jain

Designation :

Director

Address :

45-A, Flat No. 22, Laxmi Villa, Tagore Road, Santacruz (West), Mumbai-400054, Maharashtra, India

Date of Birth/Age :

29.08.1971

Date of Appointment :

28.03.2003

Din No.:

00301255

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	U74300MH1993PTC072094	PRACHAR COMMUNICATIONS LIMITED	Director	28-03-03	28-03-03	Active	NO
2	U74300MH2001PLC134205	PRACHAR 4 COMMUNICATIONS LIMITED	Director	02-02-09	02-02-09	Active	NO

KEY EXECUTIVES

Name :	Mr. Lawrence
Designation :	Commercial Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2010

Names of Shareholders	No. of Shares
Rajesh Nemichand Jain	10100
Rakesh Nemichand Jain	10100
Ratan Jain	500
Anant Jain	8200
Shivani Mitterson Jain	500
Sajjan Kumar Jain	1000
Bhagwati Devi Jain	600
Shakuntala Jain	7000
Vinita Lajjaram Jain	4500
Nemichand Jain	7500
Yashashvi Vyapar and Vitt Private Limited, India	3300
Gujarat Chem Plasto Limited, India	8000
Raghu Vinncom Limited, India	7000
Ganapati Vincon Private Limited, India	2500
Bhanu Finvest Limited, India	3000
Suken Compusoft India Private Limited, India	1700
Shree Datta India Private Limited, India	3000
Chowrangee Marketing Private Limited, India	15800
Goodsarve Trexim Private Limited, India	29800
Sajjan Kumar Jain HUF	8200
Femtex Mercantile India Private Limited, India	14400
Anant Jain HUF	3300
Total	150000

As on 30.09.2010

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	49.20
Directors or relatives of directors	50.80
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in advertising, electricity generation by wind mill and derivative trading.

PRODUCTION STATUS (AS ON 31.03.2010)

Licensed and Installed capacity of 4 wind mills is 800 KW each and production of unit generation during the year is 3188584.55 units.

GENERAL INFORMATION

No. of Employees :

120 [Approximately]

Bankers :

Indian Overseas Bank, Post Box No. 8290, 28, Ashok Nagar Society, Narsee Monjee Road, Juhu, Mumbai-400049, Maharashtra, India

Facilities :

Secured Loan	As on 31.03.2010 [Rs. in Millions]	As on 31.03.2009 [Rs. in Millions]
Vehicle loans on Hire Purchases Basis (Secured by hypothecation of Vehicles )	3.493	4.542
Term Loan From Indian Overseas Bank (Secured by way of Mortgage on Wind Mill situated at Panchpatta , Maharashtra)	30.400	41.240
Working Capital Loans from Indian Overseas Bank (Secured by hypothecation of present and future book debts)	72.562	160.000
Loan from Life Insurance Corporation of India (Secured by Keyman Insurance Policy)	6.692	6.692
Total	113.147	212.474
Unsecured Loan
Inter Corporate Deposits	15.550	0.000
Total	15.550	0.000

Banking Relations :	--
Auditors :
Name :	B Sariya and Associates Chartered Accountants
Address :	2, Dinkar Niwas, 13, Navi Wadi, Kalbadevi, Mumbai-400002, Maharashtra, India
Pan No.:	AALPS8868F
Subsidiaries :	Prachar 4 Communication Limited [U74300MH2001PLC134205]
Associates:	· Proactive Communication Limited · Crucible Creative Circle · Atom Creative Private Limited · Mahananda Securities Limited · Laxminath Invest and Managt Private Limited · Femtex Mecantile Private Limited · Good Serve Trexim Private Limited · Chowranghee Marketing Private Limited · Gold Entertainment Private Limited · Gold Digitech Theatres Private Limited · Prachar Developers Private Limited · Green Lantern Productions Private Limited

CAPITAL STRUCTURE

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
1500000	Equity Shares	Rs.10/- each	Rs.15.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
150000	Equity Shares	Rs.10/- each	Rs.1.500 Millions

As on 30.09.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
1500000	Equity Shares	Rs.10/- each	Rs.15.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1500000	Equity Shares	Rs.10/- each	Rs.15.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET [CONSOLIDATED]

SOURCES OF FUNDS		31.03.2010 [Consolidated]	31.03.2009 [Consolidated]	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		1.500	1.500	1.500
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		283.831	206.123	177.982
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		285.331	207.623	179.482
LOAN FUNDS
1] Secured Loans		113.147	212.474	171.637
2] Unsecured Loans		15.550	0.000	0.000
TOTAL BORROWING		128.697	212.474	171.637
DEFERRED TAX LIABILITIES		43.363	20.044	21.689
MINORITY INTEREST		0.154	0.109	0.000
TOTAL		457.545	440.250	372.808
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		145.532	80.189	91.496
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		64.923	62.751	92.252
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	4.523
	Sundry Debtors	474.089	620.211	227.606
	Cash & Bank Balances	39.251	36.400	66.830
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	173.734	172.183	160.211
Total Current Assets		687.074	828.794	459.170
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	439.133	506.092	203.044
	Other Current Liabilities	64.568	121.449	61.019
	Provisions	24.337	21.348	6.047
Total Current Liabilities		528.038	648.889	270.110
Net Current Assets		159.036	179.905	189.060
MISCELLANEOUS EXPENSES		0.009	0.011	0.000
OTHERS		88.045	117.394	0.000
TOTAL		457.545	440.250	372.808

PROFIT & LOSS ACCOUNT [CONSOLIDATED]

	PARTICULARS		31.03.2010 [Consolidated]	31.03.2009 [Consolidated]	31.03.2008
	SALES
		Income
		Other Income
		TOTAL	2260.323	1660.108	1190.169
Less	EXPENSES
		Office Expenses
		Administrative Expenses	2151.550	1645.445	1136.484
		Advertising Expenses
		TOTAL	2151.550	1645.445	1136.484
	PROFIT BEFORE TAX		108.773	14.663	53.685
Less	TAX		42.211	12.360	13.512
	PROFIT AFTER TAX		66.562	2.303	40.173
	BALANCE CARRIED TO THE B/S		66.562	2.303	39.604
	Earnings Per Share (Rs.)		443.75	15.35	267.82

Particulars	31.03.2011
Sales Turnover [Approximately]	3250.000

Expected Sales (2011-12) : Rs.3400.000 Millions.

The above information has been parted by Mr. Lawrence.

KEY RATIOS [CONSOLIDATED]

PARTICULARS		31.03.2010 [Consolidated]	31.03.2009 [Consolidated]	31.03.2008
PAT / Total Income	(%)	2.94	0.14	3.38
Return on Total Assets (PBT/Total Assets}	(%)	13.06	1.61	9.75
Return on Investment (ROI) (PBT/Networth)		0.38	0.07	0.30
Debt Equity Ratio (Total Liability/Networth)		2.30	4.15	2.46
Current Ratio (Current Asset/Current Liability)		1.30	1.28	1.70

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
For Purchases	425.298	490.429	198.986
For Expenses	13.835	15.663	4.058
Total	439.133	506.092	203.044

Check List by Info Agents	Available in Report (Yes / No)
1) Year of Establishment	Yes
2) Locality of the firm	Yes
3) Constitutions of the firm	Yes
4) Premises details	Yes
5) Type of Business	Yes
6) Line of Business	Yes
7) Promoter’s background	--
8) No. of employees	Yes
9) Name of person contacted	Yes
10) Designation of contact person	Yes
11) Turnover of firm for last three years	Yes
12) Profitability for last three years	No
13) Reasons for variation <> 20%	No
14) Estimation for coming financial year	Yes
15) Capital in the business	No
16) Details of sister concerns	Yes
17) Major suppliers	No
18) Major customers	No
19) Payments terms	No
20) Export / Import details (if applicable)	No
21) Market information	--
22) Litigations that the firm / promoter involved in	--
23) Banking Details	Yes
24) Banking facility details	Yes
25) Conduct of the banking account	--
26) Buyer visit details	--
27) Financials, if provided	No
28) Incorporation details, if applicable	--
29) Last accounts filed at ROC	--
30) Major Shareholders, if available	--

OPERATIONS

The Company had a reasonably good year. During the year, the company achieved Sales Turnover of Rs 2260.323 Millions as against Rs. 1660.108 Millions during the previous year. The net profit after tax for the year is Rs. 66.562 Millions whereas the same in the last year was Rs. 2.303 Millions.

BANKERS CHARGES REPORT AS PER REGISTRY

This form is for

Modification of charge

Charge identification number of the modified

10042270

Corporate identity number of the company

U74300MH1993PTC072094

Name of the company

PRACHAR COMMUNICATIONS LIMITED

Address of the registered office or of the principal place of business in India of the company

105, B-Wing, 1^st Floor, Samkeet Apartment, Sant Janabai Marg, Off Hanuman Road, Vile Parle (East), Mumbai-400057, Maharashtra, India

Type of charge

Book Debts

Movable Property (not being pledge)

Floating Charge

Particular of charge holder

Indian Overseas Bank, Post Box No. 8290, 28, Ashok Nagar Society, Narsee Monjee Road, Juhu, Mumbai-400049, Maharashtra, India

Email

jvpscbr@mummsco.iobnet.co.in

Nature of description of the instrument creating or modifying the charge

Letter of Hypothecation in F-110E.

Date of instrument Creating the charge

19.04.2010

Amount secured by the charge

Rs.196.000 Millions

Brief particulars of the principal terms an conditions and extent and operation of the charge

Rate of Interest

Cash Credit : BPLR + 0.50% p.a.

Term Loan : BPLR + 1% p.a.

Letter of Guarantee: Commission - As per circulars in force.

Terms of Repayment

Cash Credit / Letter of Guarantee: Repayable on Demand.

Term Loan: Repayable in 72 equal monthly installments of Rs.0.800 Millions each commencing from June' 07.

Margin

Cash Credit : 40.00% on Debtors

Term Loan : 30%

Letter of Guarantee : 25%

Extent and Operation of the charge

The Charge to operate as security, by way of first exclusive charge, for the due repayment of the credit facility of Rs.196.000 Millions together with interests, additional interest, costs, charges, expenses and all other moneys payable by the Company to the Bank from time to time in terms of sanction.

Others

The Term Loan limit of Rs.49.600 Millions (which is now reduced to Rs.36.000 Millions ) mentioned in the Letter of Hypothecation has been registered separately with ROC vide Charge ID 10042270 and now the same is merged with the Charge ID 10048188 since the Letter of Hypothecation is common Document for all the Credit Limits.

Short particulars of the property charged

Hypothecation, by way of first exclusive charge, of :

1) Project assets of the Company.

2) All the book debts, receivables which are due and owing to the Company from time to time.

Counter Guarantee of the Company.

Date of latest modification prior to the present modification

17.11.2008

Particulars of the present modification

The amount secured by the charge has been reduced from 209.600 Millions to Rs.196.000 Millions as detailed below :

Facility	Limit Existing	Rs. in Millions Revised
Cash Credit	160.000	140.000
Term Loan	49.600	36.000
Letter of Guarantee	0.000	20.000
Total	209.600	196.000

CONTINGENT LIABILITIES (AS ON 31.03.2010)

Guarantees given to other parties in respect of tender and creditors on behalf of the company and other of Rs.15.399 Millions.

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.50.90
UK Pound	1	Rs.80.30
Euro	1	Rs.68.47

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--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	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.