MIRA INFORM REPORT

Report Date :

11.10.2011

IDENTIFICATION DETAILS

Name :	CHANDRA PROTECO LIMITED

Registered Office :	2B, Grant Lane, R No. 35, 2^nd Floor, Near Bentick Street, Kolkata – 700012, West Bengal

Country :	India

Financials (as on) :	31.03.2010

Date of Incorporation :	14.12.2004

Com. Reg. No.:	21-100708

Capital Investment / Paid-up Capital :	Rs.136.809 Millions

CIN No.: [Company Identification No.]	U27109WB2004PLC100708

TAN No.: [Tax Deduction & Collection Account No.]	CALC04720C

PAN No.: [Permanent Account No.]	AACCC5301K

Legal Form :	A Closely Held Public Limited Liability Company

Line of Business :	Manufacturer of wide range of Copper Products

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 2670000

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 – 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

LOCATIONS

Registered Office :	2B, Grant Lane, R No. 35, 2^nd Floor, Near Bentick Street, Kolkata – 700012, West Bengal, India
E-Mail :	info@chandraproteco.com
Website :	www.chandraproteco.com

Administrative Office :	18, MNNIT Industrial Estate, Teliraganj, Allahabad – 211004, Uttar Pradesh, India

Factory 1/Technology Centre :	Survey No.139 / 2, Athola Silvassa, Silvassa – 396230, U. T. of D. and N.H. India
Tel. No.:	91-260-2632672 / 73 / 74
Fax No.:	91-260-2632403

DIRECTORS

As on 04.09.2010

Name :

Mr. Jagdish Kumar Kesarwani

Designation :

Director

Address :

53, Tagore Town, Allahabad, Uttar Pradesh, India

Date of Appointment :

14.12.2004

DIN :

00141394

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	U27101UP1993PLC015570	CHANDRA METALS LIMITED	Director	17/08/2011	1/7/2001	Active	NO
2	U27109WB2004PLC100708	CHANDRA PROTECO LIMITED	Director	14/12/2004	14/12/2004	Active	NO
3	U67120WB1994PTC061576	SARADA CONFIN PVT LTD	Director	24/03/2006	24/03/2006	Active	NO
4	U51109UP1989PTC011296	CHANDRA ELECTROMAG PRIVATE LIMITED	Director	7/3/2007	7/3/2007	Active	NO

Name :

Mr. Mukul Gupta

Designation :

Director

Address :

53, Tagore Town, Allahabad, Uttar Pradesh, India

Date of Appointment :

14.12.2004

DIN :

00125788

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	U51109UP1989PTC011296	CHANDRA ELECTROMAG PRIVATE LIMITED	Director	31/05/2010	19/10/1989	Active	NO
2	U27101UP1993PLC015570	CHANDRA METALS LIMITED	Director	17/08/2011	2/6/2003	Active	NO
3	U67120WB1994PTC061576	SARADA CONFIN PVT LTD	Director	24/03/2004	24/03/2004	Active	NO
4	U51109WB1994PTC062235	HARI VYAPAAR PVT LTD	Director	24/03/2004	24/03/2004	Active	NO
5	U27109WB2004PLC100708	CHANDRA PROTECO LIMITED	Managing director	1/6/2010	14/12/2004	Active	NO
6	U51909WB1995PTC072706	VIRTUOUS HOLDINGS PRIVATE LIMITED	Director	24/08/2006	24/08/2006	Active	NO

Name :

Mrs. Aparna Gupta

Designation :

Director

Address :

53, Tagore Town, Allahabad, Uttar Pradesh, India

Date of Appointment :

14.12.2004

DIN :

00127607

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	U51109UP1989PTC011296	CHANDRA ELECTROMAG PRIVATE LIMITED	Director	2/12/1996	2/12/1996	Active	NO
2	U27109WB2004PLC100708	CHANDRA PROTECO LIMITED	Whole-time director	14/12/2004	14/12/2004	Active	NO
3	U65923WB1995PLC072708	DATUM SECURITIES LIMITED	Director	1/9/2005	1/9/2005	Active	NO

Name :

Mrs. Rina Bharat Kaushal

Designation :

Director

Address :

214, Siddhivinayak, Sarvapriya Vihar, New Delhi - 110016, Delhi, India

Date of Appointment :

14.12.2004

DIN :

01022840

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	U27109WB2004PLC100708	CHANDRA PROTECO LIMITED	Director	14/12/2004	14/12/2004	-	Active	NO
2	U64203DL2006PTC154735	NEXT GENERATION TELECOMMUNICATIONS INDIA PRIVATE LIMITED	Director	30/11/2006	30/11/2006	22/08/2008	Active	NO
3	U72900DL2001PTC112327	VAVASI TELEGENCE PRIVATE LIMITED	Director	22/03/2007	22/03/2007	22/08/2008	Active	NO

KEY EXECUTIVES

Name :	Brijesh Kumar Singh
Designation :	Secretary
Address :	Village Bhua Khurd, P.O. Khapraha, Jaunpur- 222131, Uttar Pradesh, India
Date of Appointment :	01.11.2007
PAN :	BJWPS6147J

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 04.09.2010

Names of Shareholders		No. of Shares
Jagdish Kumar Kesarwani		94025
Ranjeet Gupta		78700
Anilesh Gupta		77500
Mukul Gupta		91125
Madhu Keserwani		3000
Ruchi Gupta		2000
Preeti Gupta		3190
Aparna Gupta		5900
Manoj Kumar Gupta		2000
Hari Vyapar Private Limited, India		3730000
Sharda Confin Private Limited, Bengal, India		3800000
Datum Securities Limited, India		4515125
Virtuous Holdings Private Limited, India		377560
Winning Colors Pte Limited, Singapore		900780
Total		13680905

As on 31.03.2011

Names of Allot tees		No. of Shares Allotted
Datum Securities Limited, Kolkata, West Bengal, India		188300
Virtuous Holdings Private Limited, Kolkata, West Bengal, India		23750
Winning Colors Pte Limited, Singapore		522050
Sharda Confin Private Limited, Hoogly, West Bengal, India		56875
Hari Vyapar Private Limited, Hawrah, West Bengal, India		63590
Vedik Holdings Private Limited		506250
Total		1360815

As on 04.09.2010

Equity Share Break up	Percentage
Category
Bodies corporate	97.40
Directors or relatives of Directors	2.60
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of wide range of Copper Products

PRODUCTION STATUS AS ON 31.03.2010

Particulars	Unit	Licensed Capacity	Installed Capacity

Copper Conductors	MT	4750	7000

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

IDBI Bank Limited, City SME Centre, 161, Mittal Court, C Wing, Nariman Point, Mumbai – 400021, Maharashtra, India
Allahabad Bank, HSS Branch, K.P. Kakkar Road, Allahabad – 211003, Uttar Pradesh, India
UCO Bank, Civil Lines Branch, 4, S.P. Marg, Civil Lines, Allahabad – 211001, Uttar Pradesh, India
IDBI Bank Limited, IDBI Tower, WTC Complex, Cuffe Parade, Mumbai – 400005, Maharashtra, India
Corporation Bank
Andhra Bank
Bank of India

Facilities :

Secured Loan	Rs. In Millions 31.03.2010	Rs. In Millions 31.03.2009
Allahabad Bank Term Loan (Secured against hypothecation of Fixed Assets)	106.483	147.759
UCO Bank Term Loan (Secured against hypothecation of Current Assets)	57.751	79.588
Allahabad Bank Term Loan - Expansion (Secured against hypothecation of Fixed Assets)	124.332	0.000
Allahabad Bank Working Capital (Secured against hypothecation of Current Assets)	179.952	170.027
UCO Bank Working Capital (Secured against hypothecation of Current Assets)	94.775	54.066
Andhra Bank – Term Loan (Secured against hypothecation of Fixed Assets)	128.760	0.000
Bank of India – Term Loan (Secured against hypothecation of Fixed Assets)	99.051	0.000
Corporation Bank – Term Loan (Secured against hypothecation of Fixed Assets)	128.805	0.000
IDBI Bank Limited – Term Loan (Secured against hypothecation of Fixed Assets)	127.881	0.000
Total	1047.790	451.440

Unsecured Loan	Rs. In Millions 31.03.2010	Rs. In Millions 31.03.2009
Form Directors	9.358	6.431
From Others	133.371	143.051
Total	142.729	149.482

Banking Relations :	--

Auditors :
Name :	Ashok Usha Jain and Company Chartered Accountants
Address :	171, Old Katra, Allahabad – 211002, Uttar Pradesh, India
Mobile No.:	91-9415324124

Associates :	Chandra Metals Limited

CAPITAL STRUCTURE

AS ON 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount

21,000,000	Equity Shares	Rs.10/- each	Rs.210.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

13,680,905	Equity Shares	Rs.10/- each	Rs.136.809 Millions

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount

21,000,000	Equity Shares	Rs.10/- each	Rs.210.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

15,041,720	Equity Shares	Rs.10/- each	Rs.150.417 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		136.809	123.039	123.039
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		532.634	215.492	164.102
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		669.443	338.531	287.141
LOAN FUNDS
1] Secured Loans		1047.790	451.440	416.493
2] Unsecured Loans		142.729	149.482	61.753
TOTAL BORROWING		1190.519	600.922	478.246
DEFERRED TAX LIABILITIES		28.822	19.864	8.206

TOTAL		1888.784	959.317	773.593

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		541.201	534.315	515.584
Capital work-in-progress		856.848	0.000	0.000

INVESTMENT		1.482	0.998	0.998
DEFERREX TAX ASSETS		0.000	0.000	0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	133.156	140.177	78.632
	Sundry Debtors	508.159	474.671	319.632
	Cash & Bank Balances	25.940	22.975	5.998
	Security Deposits	39.996	33.285	26.237
	Loans & Advances	55.073	33.445	38.393
Total Current Assets		762.324	704.553	468.892
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	248.142	260.292	210.250
	Other Current Liabilities	0.000	0.000	0.000
	Provisions	27.111	21.442	3.358
Total Current Liabilities		275.253	281.734	213.608
Net Current Assets		487.071	422.819	255.284

MISCELLANEOUS EXPENSES		2.182	1.185	1.727

TOTAL		1888.784	959.317	773.593

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	2024.676	1334.148	707.304
		Other Income	21.614	29.674	1.850
		TOTAL (A)	2046.290	1363.822	709.154

Less	EXPENSES
		Raw Material Consumed	1647.501	1070.649	577.220
		Manufacturing Expenses	89.208	74.389	44.735
		Administrative and other Expenses	40.135	36.865	15.841
		Increased / (Decreased) in stock	(15.666)	(23.455)	(49.365)
		TOTAL (B)	1761.178	1158.448	588.431

Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		285.112	205.374	120.723

Less	FINANCIAL EXPENSES (D)		120.573	106.648	74.413

	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		164.539	98.726	46.310

Less/ Add	DEPRECIATION/ AMORTISATION (F)		21.991	20.412	20.648

	PROFIT BEFORE TAX (E-F) (G)		142.548	78.314	25.662

Less	TAX (H)		15.000	8.067	1.089

	PROFIT AFTER TAX (G-H) (I)		127.548	70.247	24.573

Less	DEFERRED TAX		8.958	11.658	7.918

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		48.991	17.600	0.945

Less	APPROPRIATIONS
		Transfer to General Reserve	0.000	20.000	0.000
		Proposed Dividend on equity shares	6.840	6.152	0.000
		Tax on Dividend	1.163	1.046	0.000
	BALANCE CARRIED TO THE B/S		159.578	48.991	17.600

	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	NA	751.569	566.368
	TOTAL EARNINGS		NA	751.569	566.368

	IMPORTS
		Raw Materials	12.169	1.819	0.000
		Capital Goods	550.699	31.481	4.585
	TOTAL IMPORTS		562.868	33.300	4.585

	Earnings Per Share (Rs.)		9.32	6.19	2.00

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	6.23	5.15	3.46

Net Profit Margin (PBT/Sales)	(%)	7.04	5.87	3.63

Return on Total Assets (PBT/Total Assets}	(%)	10.93	6.32	2.63

Return on Investment (ROI) (PBT/Networth)		0.21	0.23	0.09

Debt Equity Ratio (Total Liability/Networth)		2.19	2.61	2.41

Current Ratio (Current Asset/Current Liability)		2.77	2.50	2.19

LOCAL AGENCY FURTHER INFORMATION

Form 8:

Corporate identity number of the company	U27109WB2004PLC100708
Name of the company	CHANDRA PROTECO LIMITED
Address of the registered office or of the principal place of business in India of the company	2B, Grant Lane R No. 35, 2^nd Floor, Kolkata – 700012, West Bengal, India
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10189329
Type of charge	Book Debts Movable Property Immovable Property
Particular of charge holder	IDBI Bank Limited, IDBI Tower, WTC Complex, Cuffe Parade, Mumbai – 400005, Maharashtra, India
Nature of instrument creating charge	Declaration and Undertaking - Equitable Joint Mortgage by Deposit of Title Deeds dated 19/03/2010.
Date of instrument Creating the charge	19.03.2010
Amount secured by the charge	Rs.2771.400 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest BPLR of Lead Bank i.e. Allahabad Bank Extent and Operation of the charge - Equitable mortgage of Free hold Non Agricultural Land for industrial purposes bearing Survey No.141/2, 141/1/3, 139/2, 140/2, 140/1/2, 140/1/1, Athola Silvassa (Union Territory of Dadar and Nagar, Haveli)(added through present modification).
Short particulars of the property charged	All the properties stated in original form no. 8 dated 04/12/2009. Equitable mortgage of Free hold Non Agricultural Land for industrial purposes bearing Survey No.141/2, 141/1/3, 139/2, 140/2, 140/1/2, 140/1/1, Athola, Silvassa (added through present modification).
Particulars of the present modification	Creation of equitable mortgage on properties to secure various credit facilities of members of consortium to the tune of Rs. 2771.400 millions. in the following proportion- Allahabad Bank Rs. 694.300 millions (TL 2375, WC 4568), Uco Bank Rs.427.100 millions(TL 584, WC 3687), Andhra Bank Rs.450.000 millions (TL 2000, WC 2500), Corporation Bank Rs.450.000 millions(TL 2000, WC 2500), Bank of India Rs.450.000 millions(TL 1500, WC 3000) and IDBI Bank Rs.300.000 millions (TL 2000, WC 1000).

Form 8:

Corporate identity number of the company	U27109WB2004PLC100708
Name of the company	CHANDRA PROTECO LIMITED
Address of the registered office or of the principal place of business in India of the company	2B, Grant Lane R No. 35, 2^nd Floor, Kolkata – 700012, West Bengal, India
This form is for	Creation of charge Modification of charge
Type of charge	Book Debts Movable Property Floating Charge
Particular of charge holder	IDBI Bank Limited
Nature of instrument creating charge	UNATTESTED DEED OF HYPOTHECATION date. 4.12.2009 executed in favour of IDBI Bank Limited acting for itself and as security trustee of Allahabad Bank, UCO Bank, Corporation Bank, Bank of India and Andhra Bank hypothecating whole of movable properties of the borrower's entire movables, including movable machinery, machinery spares, tools and accessories, present and future including book debts, current assets, stocks, receivables present and future on pari passu basis.
Date of instrument Creating the charge	04/12/2009
Amount secured by the charge	Rs.1.980 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest BPLR of Lead Bank i.e. Allahabad Bank Terms of Repayment Term Loan - 25 Quarterly Installments of Rs.35.200 millions each starting from 31.12.2010 and ending on 31.12.2016 Working Capital Facility along with interest and charges as due and payable therein in terms of the agreement Margin Term Loan 30% Working Capital Fund Based 25% of Book Debts and Stock Working Capital Non Fund Based (LC and BG) 10% Extent and Operation of the charge Hypothecation of the borrower's entire movables, including movable machinery, machinery spares, tools and accessories, present and future including book debts, current assets, stocks, entire raw material, semi finished goods, consumable stores, receivables present and future on pari passu charge basis Others Borrower does hereby hypothecate and charge in favour of the Security Trustee ,i.e. IDBI Bank Limited. for the benefit of the Lenders
Short particulars of the property charged	Hypothecation of whole of the movable properties of the Borrower including movable plant and machinery, machinery spares, tools and accessories and other movables, present or future Hypothecation of entire raw materials, semi-finished and finished goods, consumable stores, book debts, current assets, stocks, receivables, movables, present or future

FIXED ASSETS:

Land
Building
Plant and Machinery
Furniture and Fixture
Vehicles
Components

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.49.07
UK Pound	1	Rs.76.65
Euro	1	Rs.66.16

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	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--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	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		45

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

133.156

140.177

508.159

474.671

25.940

22.975

39.996

33.285

55.073

33.445

762.324

704.553

248.142

260.292

0.000

27.111

21.442

275.253

281.734

487.071

422.819

6.23

5.15

7.04

5.87

10.93

6.32

0.21

0.23

2.19

2.61

2.77

2.50

Unit