MIRA INFORM REPORT

Report Date :

10.10.2011

IDENTIFICATION DETAILS

Name :	CLEARTRIP TRAVEL SERVICES PRIVATE LIMITED

Registered Office :	Unit No. 1, Ground Floor, DTC Building, Sitaram Mill Compound, N M Joshi Marg, Mumbai – 400011, Maharashtra

Country :	India

Financials (as on) :	31.03.2010

Date of Incorporation :	12.05.2005

Com. Reg. No.:	11-153232

Capital Investment / Paid-up Capital :	Rs.1240.795 Millions

CIN No.: [Company Identification No.]	U63040MH2005PTC153232

TAN No.: [Tax Deduction & Collection Account No.]	MUMC13858F

PAN No.: [Permanent Account No.]	AACCC6016B

Legal Form :	Private Limited Liability Company

Line of Business :	Subject is engaged in the business of providing online travel and hostel booking services.

No. of Employees :	Information denied by the management.

RATING & COMMENTS

MIRA’s Rating :

B (26)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 1800000

Status :	Moderate

Payment Behaviour :	Slow

Litigation :	Clear

Comments :	Subject is an established company having moderate track. There appears some accumulated losses recorded by the company. However trade relations are reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

INFORMATION DECLINED BY

Management non co-operative.

LOCATIONS

Registered Office :	Unit No. 1, Ground Floor, DTC Building, Sitaram Mill Compound, N M Joshi Marg, Mumbai – 400011, Maharashtra, India
Tel. No.:	91-22-40504000
Fax No.:	91-22-40504050
E-Mail :	rashmi.guptey@cleartrip.com brijbala.batwal@cleartrip.com namita.pradhan@cleartrip.com
Website :	http://www.cleartrip.com/

DIRECTORS

AS ON 30.09.2010

Name :

Mr. Stuart Richard Nairn Crighton

Designation :

Director

Address :

Flat No. 112, Land Mark Building, Carter Road, Bandra East, Mumbai – 400050, Maharashtra, India

Date of Birth/Age :

28.02.1970

Date of Appointment :

09.12.2005

DIN No.:

00276524

Name :

Mr. Sandeep Varajpur Murthy

Designation :

Director

Address :

232, Urvashi Napean Sea Road, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

22.11.1976

Date of Appointment :

26.02.2008

DIN No.:

00591165

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	L74899DL1995PLC068021	INFO EDGE (INDIA) LIMITED	Nominee director	27-07-07	14-07-06	30-04-10	Active	NO
2	U72200MH2006PTC205023	PAYMATE INDIA PRIVATE LIMITED	Nominee director	16-11-06	16-11-06	-	Active	NO
3	U74899DL1995PTC065551	C.E. INFO SYSTEMS PRIVATE LIMITED	Director	31-08-07	31-03-07	-	Active	NO
4	U74999DL2007FTC162833	SHERPALO INDIA ADVISORS PRIVATE LIMITED	Director	01-05-07	01-05-07	-	Active	NO
5	U52399MH2007PLC171178	FUTURE E-COMMERCE INFRASTRUCTURE LIMITED	Director	22-11-08	24-10-07	-	Active	NO
6	U72900KA2006PTC041118	ZOOMIN ONLINE (INDIA) PRIVATE LIMITED	Director	30-09-08	15-11-07	-	Active	NO
7	U63040MH2005PTC153232	CLEARTRIP TRAVEL SERVICES PRIVATE LIMITED	Director	20-09-08	26-02-08	-	Active	NO
8	U72200KA2006PTC040763	INMOBI TECHNOLOGIES PRIVATE LIMITED	Director	01-07-08	01-07-08	-	Active	NO
9	U40100MH1997PTC110591	KOTAKURJA PRIVATE LIMITED	Director	30-09-09	01-10-08	-	Active	NO
10	U63030DL2008PTC180429	REVERSE LOGISTICS COMPANY PRIVATE LIMITED	Director	30-09-10	17-05-10	-	Active	NO

Name :

Mr. Mohanjit Singh Jolly

Designation :

Director

Address :

Villa B 187 Prestige Ozone, Whitefeild Road, Bangalore – 560066, Karnataka, India

Date of Birth/Age :

12.11.1969

Date of Appointment :

26.02.2008

DIN No.:

01816801

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	U72300AP2007PTC053606	GINGERSOFT MEDIA PRIVATE LIMITED	Nominee director	01-10-07	01-10-07	17-01-09	Active	NO
2	U74140KA2007FTC043464	DRAPER FISHER JURVETSON INDIA ADVISORY SERVICES PRIVATE LIMITED	Managing director	01-07-10	04-10-07	-	Active	NO
3	U92111KA2007PTC041671	CANVERA DIGITAL TECHNOLOGIES PRIVATE LIMITED	Director	31-07-08	11-10-07	-	Active	NO
4	U34101KA1996PTC020195	MAHINDRA REVA ELECTRIC VEHICLES PRIVATE LIMITED	Director	29-09-08	17-11-07	14-05-10	Active	NO
5	U63040MH2005PTC153232	CLEARTRIP TRAVEL SERVICES PRIVATE LIMITED	Director	20-09-08	26-02-08	-	Active	NO
6	U28931UR2008PTC032573	ATTERO RECYCLING PRIVATE LIMITED.	Nominee director	25-05-08	25-05-08	-	Active	NO
7	U74992MH2006FTC159468	MCHEK INDIA PAYMENT SYSTEMS PRIVATE LIMITED	Director	26-09-09	02-02-09	01-02-11	Active	NO
8	U74300AP2006PLC051031	PRESSMART MEDIA LIMITED	Director	15-09-09	15-09-09	10-05-11	Active	NO

Name :

Mr. Avnish Sarabjit Bajaj

Designation :

Director

Address :

6^th Floor Aroma Residency, 14^th Road Khar West, Mumbai – 400052, Maharashtra, India

Date of Birth/Age :

16.07.1970

Date of Appointment :

09.12.2005

DIN No.:

00281547

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	U63040MH2005PTC153232	CLEARTRIP TRAVEL SERVICES PRIVATE LIMITED	Director	09-12-05	09-12-05	-	Active	NO
2	U67190MH2006PTC162457	MATRIX INDIA ASSET ADVISORS PRIVATE LIMITED	Director	29-05-06	29-05-06	-	Active	NO
3	U92110MH2004PTC144691	DIGITAL MUSIC (INDIA) PRIVATE LIMITED	Director	19-03-08	18-05-07	09-04-08	Active	YES
4	U55101DL2002PTC117205	MOODS HOSPITALITY PRIVATE LIMITED	Director	30-08-07	30-08-07	18-03-11	Active	NO
5	U74999MH2006PLC160835	ITZ CASH CARD LIMITED	Nominee director	29-08-08	04-10-07	-	Active	NO
6	U74899DL1996PLC081127	BHARTIYA SAMRUDDHI FINANCE LIMITED	Nominee director	23-07-10	29-04-10	29-07-11	Active	NO
7	U85120DL2002PTC115652	NEW DELHI CENTRE FOR SIGHT PRIVATE LIMITED	Nominee director	14-10-10	14-10-10	-	Active	NO
8	U72900PN1989PTC054103	CHETAS CONTROL SYSTEMS PRIVATE LIMITED	Director	14-03-11	14-03-11	-	Active	NO
9	U85110KA2005PTC037953	KIDS CLINIC INDIA PRIVATE LIMITED	Nominee director	27-05-11	27-05-11	-	Active	NO

Name :

Mr. Sridar Aravamudhan Iyengar

Designation :

Additional Director

Address :

85, Fair Oaks Lane, Atherton –CA94027

Date of Birth/Age :

13.08.1947

Date of Appointment :

28.07.2010

DIN No.:

00278512

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	L85110KA1981PLC013115	INFOSYS LIMITED	Director	10-04-03	10-04-03	Active	NO
2	U72200KA2002PLC030310	INFOSYS BPO LIMITED	Director	01-06-05	17-09-04	Active	NO
3	U22100MH1996PLC096077	REDIFF. COM INDIA LIMITED	Director	28-09-04	28-09-04	Active	NO
4	L65190GJ1994PLC021012	ICICI BANK LIMITED	Director	30-04-05	30-04-05	Active	NO
5	L64202KA2000PLC027860	ONMOBILE GLOBAL LIMITED	Director	24-07-06	24-07-06	Active	NO
6	U74899DL1996PLC078481	CL EDUCATE LIMITED	Director	18-01-08	17-10-07	Active	NO
7	L55101TN1996PLC036595	MAHINDRA HOLIDAYS AND RESORTS INDIA LIMITED	Director	19-06-08	30-04-08	Active	NO
8	U63040MH2005PTC153232	CLEARTRIP TRAVEL SERVICES PRIVATE LIMITED	Director	21-09-10	28-07-10	Active	NO
9	U66010MH2000PLC127837	ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED	Director	19-07-11	20-10-10	Active	NO
10	L85195AP1984PLC004507	DR.REDDY'S LABORATORIES LIMITED	Additional director	22-08-11	22-08-11	Active	NO

KEY EXECUTIVES

Name :	Ms. Rashmi Ashok Limaye
Designation :	Secretary
Address :	Flat No. 873 Kohinoor City, Off LBS Marg, Kurla (West), Mumbai – 400070, Maharashtra, India
Date of Birth/Age :	19.06.1982
Date of Appointment :	22.10.2007
PAN No.:	ABOPL2859F

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2010

Names of Shareholders		No. of Shares

Cleartrip INC, Cayman Islands		1
Cleartrip INC, Mauritius		124079519

Total		124079520

Equity Share Breakup (Percentage of Total Equity)

AS ON 30.09.2010

Category		Percentage

Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]		100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the business of providing online travel and hostel booking services.

GENERAL INFORMATION

No. of Employees :

Information denied by the management.

Bankers :

Axis Bank Limited, Jeevan Parakash Building, Sir P M Road, Fort, Mumbai-400001, Maharashtra, India

Facilities :

Secured Loan	As on 31.03.2010 [Rs. in Millions]	As on 31.03.2009 [Rs. in Millions]
From Bank:
Vehicle Finance Loan	0.000	0.348
This loan is secured against the vehicle purchased from the proceeds of such loan
Total	0.000	0.348


Banking Relations :	--

Auditors :
Name :	BSR and Company Chartered Accountants
Address :	KPMG House Kamala Mills, Lower Parel, Senapati Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra, India
Tel. No.:	91-22-39896000
Fax No.:	91-22-39836000

Ultimate Holding Company:	ClearTrip Inc, Cayman Islands

Holding Company :	Cleartrip INC, Mauritius

CAPITAL STRUCTURE

AS ON 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount

124100000	Equity Share	Rs.10/- each	Rs.1241.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

124079520	Equity Share	Rs.10/- each	Rs.1240.795 Millions

Note:

Of the above, 124079519 Equity shares are held by ClearTrip Inc, Mauritius, the holding company and 1 share by ClearTrip Inc, Cayman Islands, the ultimate Parent Company

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		1240.795	1139.395	487.285
2] Share Application Money		0.000	101.400	652.110
3] Reserves & Surplus		2.900	2.900	2.900
4] (Accumulated Losses)		(789.487)	(850.236)	(603.922)
NETWORTH		454.208	393.459	538.373
LOAN FUNDS
1] Secured Loans		0.000	0.348	0.687
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		0.000	0.348	0.687
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
EMPLOYEE STOCK OPTION		13.448	10.280	6.914

TOTAL		467.656	404.087	545.974

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		90.307	90.759	114.831
Capital work-in-progress		12.944	0.000	8.117

INVESTMENT		47.000	18.044	289.117
DEFERREX TAX ASSETS		0.000	0.000	0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	46.309	44.168	28.737
	Cash & Bank Balances	309.451	207.392	157.393
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	227.216	148.946	150.357
Total Current Assets		582.976	400.506	336.487
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	251.810	84.834	159.053
	Other Current Liabilities	8.656	9.365	21.697
	Provisions	5.105	11.023	21.828
Total Current Liabilities		265.571	105.222	202.578
Net Current Assets		317.405	295.284	133.909

MISCELLANEOUS EXPENSES		0.000	0.000	0.000

TOTAL		467.656	404.087	545.974

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income (Revenue for Commission and others)	511.409	312.740	207.535
		Other Income	38.315	22.455	14.357
		TOTAL (GROSS REVENUE) (A)	549.724	335.195	221.892

Less	EXPENSES
		Office Expenses
		Administrative Expenses	457.834	535.232	604.345
		Advertising Expenses
		TOTAL (B)	457.834	535.232	604.345

Less	PROFIT / LOSS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		91.890	(200.037)	(382.453)

Less	FINANCIAL EXPENSES (D)		0.023	0.034	0.175

	PROFIT / LOSS BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		91.868	(200.071)	(382.628)

Less/ Add	DEPRECIATION/ AMORTISATION (F)		31.118	44.222	37.305

	PROFIT / LOSS BEFORE TAX (E-F) (G)		60.749	(244.293)	(419.933)

Less	TAX (H)		0.000	2.021	54.897

	PROFIT / LOSS AFTER TAX (G-H) (I)		60.749	(246.314)	(474.830)

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(850.236)	(603.922)	(129.092)

	BALANCE CARRIED TO THE B/S		(789.487)	(850.236)	(603.922)

	Earnings Per Share (Rs.)		0.49	(2.37)	(10.16)

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	11.05	(73.48)	(213.99)

Net Profit Margin (PBT/Sales)	(%)	11.88	(78.11)	(202.34)

Return on Total Assets (PBT/Total Assets}	(%)	9.02	(49.73)	(93.05)

Return on Investment (ROI) (PBT/Networth)		0.13	(0.73)	(0.78)

Debt Equity Ratio (Total Liability/Networth)		0.58	0.27	0.38

Current Ratio (Current Asset/Current Liability)		2.20	3.81	1.66

LOCAL AGENCY FURTHER INFORMATION

SUNDRY CREDITORS DETAILS

Rs. In Millions

Particulars	31.03.2010	31.03.2009	31.03.2008
Sundry Creditors	251.810	84.834	159.053

NOTE

Registered office of the company has been shifted from 126-New Mahalaxmi Silk Mills, Mathurdas Mill Compound, N. M. Joshi Marg, Lower Parel (West), Mumbai, Maharashtra to the present address w.e.f. 06.08.2008

Background:

Subject was incorporated as a Private Limited company on 12 May 2005. The company is in the business of providing online travel and hostel booking services which provides its customers an opportunity to book airline tickets, train tickets and hotel accommodations through its online web portal.

On 31 March 2006, the company, pursuant to a share purchase agreement between ClearTrip Inc, Mautitius and the shareholders of the company, allotted 9999 equity Share of the face value of Rs. 10 each to Clear Trip Inc, Mauritius and 1 share to Cleartrip Inc, Cayman Islands, Consequently , the company became a wholly owned subsidiary of ClearTrip Inc, Mauritius.

ACCOUNTS

During the period, the company has earned gross revenue of Rs. 549.724 Millions. The Total profit as per the profit and loss account for the period is Rs. 60.749 Millions

COMPANY OVERVIEW

a) Current Scenario:

The Company’s main differentiator with other OTAs is its simplicity and transparency. The clutter free environment and ease of use complemented by the incredible fast search and comprehensive content puts it in a leadership position in the existing OTA space which results in 70% repeat transactions. All products are developed through customer input and have the trademark simplicity of navigation and intuitive user interface. The products have competitive prices and multi-payment options and are supported by exhaustive information and unparalleled customer support.

The turbulent times and recession seen in the market have paved a way for a better year ahead. During the challenging phases such as the market slowdown, terrorist attacks, global melt down ,and dip in domestic air bookings to the tune of 40% shifted, the Company shifted its focus from growth to focus on efficiencies and has managed to steer out successfully though the trying times.

b) Business Initiatives:

During the year, the company launched the several new products and initiatives. B2B consolidator business, were introduced during the year.

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U63040MH2005PTC153232
Name of the company	CLEARTRIP TRAVEL SERVICES PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	Unit No. 1, Ground Floor, DTC Building, Sitaram Mill Compound, N M Joshi Marg, Mumbai – 400011, Maharashtra, India
This form is for	Creation of Charge
Type of charge	Book Debts Movable Property
Particular of charge holder	Axis Bank Limited, Jeevan Parakash Building, Sir P M Road, Fort, Mumbai-400001, Maharashtra, India
Nature of instrument creating charge	Composite Hypothecation Deed executed on 26^th November, 2010 between clearship travel services private limited and Axis bank limited
Date of instrument Creating the charge	26.11.2010
Amount secured by the charge	Rs. 200.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Base rate + 3.5% Extent and Operation of the charge Hypothecation by way of first charge on current assets and movable properties dated 26^th November 2010
Short particulars of the property charged	Hypothecation by way of first charge on current assets and movable properties dated 26^th November 2010

CONTINGENT LIABILITIES AND COMMITMENTS (As on 31.03.2010)

Claims against the company not acknowledged as debt: Rs. 1.831 Millions

FIXED ASSETS

Computers
Furniture and Fixture
Office Equipments
Motor Car
Leasehold Improvements

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.49.14
UK Pound	1	Rs.75.97
Euro	1	Rs.66.00

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	2
--CREDIT LINES	1~10	3
--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		26

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

0.000

0.000

46.309

44.168

309.451

207.392

0.000

0.000

227.216

148.946

582.976

400.506

251.810

84.834

8.656

9.365

5.105

11.023

265.571

105.222

317.405

295.284

11.05

(73.48)

11.88

(78.11)

9.02

(49.73)

0.13

(0.73)

0.58

0.27

2.20

3.81

251.810

84.834

Unit