MIRA INFORM REPORT

Report Date :

29.09.2011

IDENTIFICATION DETAILS

Name :	APEX AUTO LIMITED
Registered Office :	M-1,2,3(P), 20, Phase – Vll, Tata Kandra Main Road, Industrial Area, Adityapur, Jamshedpur, Jharkhand – 832109
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	08.08.1994
Com. Reg. No.:	35-006028
Capital Investment / Paid-up Capital :	Rs. 60.697 Millions
CIN No.: [Company Identification No.]	L34201JH1994PLC006028
TAN No.: [Tax Deduction & Collection Account No.]	RCHA00242E
PAN No.: [Permanent Account No.]	AABCA3932D
Legal Form :	A Closely Held Public Limited Liability Company.
Line of Business :	Manufactured of stressed Machine Products. Products include dozer blade, loader and narrow bucket, back hoe main frame and boom revolving frame and track frame.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (52)

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

Maximum Credit Limit :	USD 1470000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having fine track. Financial position of the company is good . Trade relation are reported as fair. Business is active. Payments are reported to be regular and as per commitments. The company can be considered good for 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 – June 30, 2010

Country Name	Previous Rating (01.04.2010)	Current Rating (30.06.2010)
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 :	M-1,2,3 (P), 20, Phase-Vll, Tata Kandra Main Road, Industrial Area, Adityapur, Jamshedpur, Jharkhand – 832109, India
Tel. No.:	91-657-2408715/2409041
Fax No.:	91-657-2424526
E-Mail :	atul@apexautolimited.com info@apexautoltd.com dwd@apexautoltd.com
Website :	www.apexautoltd.com
Factory 1 :	M-1, Phase Vll, Tata Kandra Road, Industrial Area, Adityapur, Jamshedpur-832109, India
Tel. No.:	91-657-2408715/2409041
Fax No.:	91-657-2200010
E-Mail :	info@apexautoltd.com
Factory 2 :	KIADB, Plot No.195 to 198 and 213 to 216, Belur Industrial Area, Dharwad-580011, India
Tel. No.:	91-836-2486973
Fax No.:	91-836-2436974
E-Mail :	dwd@apexautoltd.com
Factory 3 :	Telcon Premises Block ll, KIADB , P.B.Road, Dharwad – 580011, India
Tel. No.:	91-836-3093214
E-Mail :	pip@apexautolimited.com
International Sales Office:	5805, State Bridge Road, G175, Duluth GA – 30097. USA
Tel. No.:	404-4354134
Fax No.:	888-4358206

DIRECTORS

As on 30.09.2010

Name :

Mr. Meher Hoshang Mehta

Designation :

Director

Address :

Flat No.5, Park Street, Kolkata, West Bangal – 700016, India

Date of Birth/Age :

20.09.1930

Date of Appointment :

18.10.1995

DIN No.:

00309278

Name :

Mr. Atul Ratilal Taunk

Designation :

Director

Address :

25, C.H.Area, East, Bistupur, Jamshedpur - 831001, Jharkhand, India

Date of Birth/Age :

04.12.1960

Date of Appointment :

08.08.1994

DIN No.:

00342656

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	L34201JH1994PLC006028	APEX AUTO LIMITED	Managing director	15/06/2011	08/08/1994	-	Active	NO
2	U55102WB1998PTC087589	REGENT RESORTS & PROPERTIES PRIVATE LIMITED	Director	24/07/1998	24/07/1998	-	Active	NO
3	U65993JH1998PTC008618	KATS HOLDINGS PRIVATE LIMITED	Director	15/10/1998	15/10/1998	-	Active	NO
4	U35204JH2004PTC011051	PINNACLE TRACK SOLUTIONS PRIVATE LIMITED	Director	06/12/2004	06/12/2004	15/03/2009	Active	NO
5	U27109WB2005PLC104132	CHILIKA IRON & STEEL LIMITED	Director	12/07/2005	12/07/2005	-	Active	NO
6	U51109WB1995PTC068897	PAUL SUN HOTEL PRIVATE LIMITED	Director	29/09/2007	08/08/2007	-	Amalgamated	NO
7	U62200WB2010PTC142977	JAMSHEDPUR AIR-CONNECT PRIVATE LIMITED	Director	20/03/2010	20/03/2010	-	Active	NO
8	U74900JH2011PTC014849	KATS ENGINEERS PRIVATE LIMITED	Director	12/05/2011	12/05/2011	-	Active	NO

Name :

Mrs. Anahita Atul Tank

Designation :

Director

Address :

25, C.H.Area, East, Bistupur, Jamshedpur - 831001, Jharkhand, India

Date of Birth/Age :

19.09.1961

Date of Appointment :

08.08.1994

DIN No.:

00342685

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	L34201JH1994PLC006028	APEX AUTO LIMITED	Director	08/08/1994	08/08/1994	-	Active	NO
2	U55102WB1998PTC087589	REGENT RESORTS & PROPERTIES PRIVATE LIMITED	Director	24/07/1998	24/07/1998	-	Active	NO
3	U65993JH1998PTC008618	KATS HOLDINGS PRIVATE LIMITED	Director	15/10/1998	15/10/1998	-	Active	NO
4	U35204JH2004PTC011051	PINNACLE TRACK SOLUTIONS PRIVATE LIMITED	Director	01/08/2005	01/08/2005	01/10/2008	Active	NO
5	U51109WB1995PTC068897	PAUL SUN HOTEL PRIVATE LIMITED	Director	19/02/2008	19/02/2008	-	Amalgamated	NO

Name :

Mr. Vipul Kumar Amin

Designation :

Director

Address :

Varsha Villa, Q-Road, Bistapur, Jamshedpur -831001 , Jharkhand – 731001, India

Date of Birth/Age :

30.04.2006

Date of Appointment :

30.09.2006

DIN No.:

00988685

Name :

Mr. Barkat Ali Farishta

Designation :

Director

Address :

35, 1461 Kawardha Bada, Bhagwati Charan Shukla Ward, Civil Lines, Raipur - 492001, Chhattisgarh , India

Date of Birth/Age :

25.10.1935

Date of Appointment :

01.11.2008

DIN No.:

02414544

Name :

Mr. Gopal Narain Bhatia

Designation :

Director

Address :

Flat No 1C, Regency Apartment, Jamshedpur - 831001, Jharkhand, India

Date of Birth/Age :

17.08.1947

Date of Appointment :

31.07.2009

DIN No.:

02732254

KEY EXECUTIVES

Name :	Mr. Rajesh Mittal
Designation :	Secretary
Address :	Shyam Path, Uliyan , Kadma , Jamshedpur, West Singhbhum - 831005, Jharkhand , India
Date of Appointment :	30.06.2006

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2010

Names of Shareholders	No. of Shares
Kats Holding Private Limited , India	1540000
Antique Vinimay Private Limited, India	856550
Dinyar Sohrab Devitre	640000
Pushpak Capital Solution Private Limited, India	389500
Atul R Taunk	332800
Anahita A. Taunk	114050
Pesi S Patel	100000
Manisha Adesara	75000
Amy Parvez Mehta	45000
Pushpak Share and Stock Financial Private Limited, India	20000
Lata Adesara	75000

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	12.27
Bodies corporate	68.95
Directors or relatives of Directors	10.31
Other top fifty shareholders	7.85
Others	0.62
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufactured of stressed Machine Products. Products include dozer blade, loader and narrow bucket, back hoe main frame and boom revolving frame and track frame

Products :

Product Description	Item Code
Excavator Components	84314930
Fabricated Structure	73089090

PRODUCTION STATUS

Licensed Capacity: 27000(In Mtrs)

GENERAL INFORMATION

Bankers :

Axis Bank Limited, Jamshedpur Branch, Voltas House, Main Road, Bistupur , Jamshedpur – 831001, India

Facilities :

Secured Loan	As on 31.03.2010 (Rs. in Millions)	As on 31.03.2009 (Rs. in Millions)
Term Loan - Axis Bank - State Bank of India - IDBI Bank	147.985 127.585 70.000 345.570	139.056 221.111 79.992 440.159
Hire Purchase Loan	1.002	2.465
Working Capital Loan - State Bank Of India	64.247	75.652
Total	410.819	518.276
UnSecured Loan	As on 31.03.2010 (Rs. in Millions)	As on 31.03.2009 (Rs. in Millions)
From Bodies Corporate	24.274	23.666
Total	24.274	23.666

Banking Relations :
Auditors :
Name :	S.K Naredi and Company Chartered Accountant
Address :	Virdi Niwas, M Road, Bistupur, Jamshedpur - 831001, Jharkhand , India
PAN.:	AAFFS1613J

CAPITAL STRUCTURE

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
7000000	Equity Shares	Rs.10/- each	Rs. 70.000 Millions
1000000	10 % Redeemable Preference Shares	Rs.10/- each	Rs. 10.000 Millions
	Total		Rs. 80.000 Millioms

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
5216000	Equity Shares	Rs.10/- each	Rs. 52.160 Millions
853700	10 % Redeemable Preference Shares	Rs.10/- each	Rs. 8.537 Millions
	Total		Rs. 60.697 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		60.697	60.697	60.697
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		308.293	260.917	240.746
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		368.990	321.614	301.443
LOAN FUNDS
1] Secured Loans		410.819	518.276	488.689
2] Unsecured Loans		24.274	23.666	19.799
TOTAL BORROWING		435.093	541.942	508.488
DEFERRED TAX LIABILITIES		52.739	54.716	52.649
TOTAL		856.822	918.272	862.580
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		638.118	715.552	659.015
Capital work-in-progress		4.229	5.911	0.341
INVESTMENT		0.200	0.200	0.200
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	161.945	128.738	197.465
	Sundry Debtors	36.854	69.352	46.052
	Cash & Bank Balances	52.013	11.745	27.772
	Other Current Assets	13.749	26.953	52.492
	Loans & Advances	21.848	20.423	10.512
Total Current Assets		286.409	257.211	334.293
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	38.877	49.975	93.254
	Other Current Liabilities	10.749	6.143	15.097
	Provisions	22.508	4.736	23.433
Total Current Liabilities		72.134	60.854	131.784
Net Current Assets		214.275	196.357	202.509
MISCELLANEOUS EXPENSES		0.000	0.251	0.515
TOTAL		856.822	918.272	862.579

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	892.206	1014.461	1136.133
		Other Income	6.759	9.533	5.480
		TOTAL	898.965	1023.994	1141.613
Less	EXPENSES
	Cost of Sales		669.647	824.148	849.054
	Administrative and Selling Exp.		23.758	30.041	40.398
		TOTAL	693.405	854.189	889.452
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		205.560	169.805	252.161
Less	FINANCIAL EXPENSES		49.230	58.110	54.925
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		156.33	111.695	197.236
Less/ Add	DEPRECIATION/ AMORTISATION		77.164	72.964	52.025
	PROFIT BEFORE TAX		79.166	38.731	145.211
Less	TAX		25.093	13.311	51.093
	PROFIT AFTER TAX)		54.073	25.420	94.118
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		191.571	171.400	89.101
Less	APPROPRIATIONS		245.644	196.820	183.219
		Dividend	1.008	3.462	6.069
		Tax on Dividend	6.069	0.588	1.032
		Income Tax Dividend For Previous Year	(0.380)	1.199	3.507
		LT/FBT For Earlier Year	0.000	0.000	1.210
	BALANCE CARRIED TO THE B/S		238.947	191.571	171.401
	EARNINGS IN FOREIGN CURRENCY		20.685	117.826	102.329
	TOTAL EARNINGS
	Earnings Per Share (Rs.)		8.90	4.19	15.51

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	6.02	2.48	8.24
Net Profit Margin (PBT/Sales)	(%)	8.87	3.78	12.72
Return on Total Assets (PBT/Total Assets}	(%)	8.56	3.98	14.62
Return on Investment (ROI) (PBT/Networth)		0.21	0.12	0.48
Debt Equity Ratio (Total Liability/Networth)		1.37	1.87	2.12
Current Ratio (Current Asset/Current Liability)		3.97	4.23	2.54

LOCAL AGENCY FURTHER INFORMATION

Notes :

The Registered office of the company has been shifted from Natraj Mansion Bistupur , PS BIstupur, Jamshedpur, Jharkhand, India To Present Address.

CONTIGENT LIABILIES NOT PROVIDED FOR

Contracts: Estimated amount of contracts remaining to be executed on capital account and not provided for (net of advances) Rs. 5.000 Millions (Previous Year 5.354 Millions )

Export Obligation : The Company is under obligation to export worth Rs. 150.188 Milions ( USD 3.211 Millions ) Previous Year Rs. 168.732 Millions ( USD 3.608 Millions ) up to 09.08.2014 against assets imported under EPCG License.

FORM 8:

Corporate identity number of the company	L3420JH1994PLC006028
Name of the company	APEX AUTO LIMITED
Address of the registered office or of the principal place of business in India of the company	M-1,2,3(p), 20, Phase – Vii, Tata Kandra Main Road, Industrial Area, Adityapur, Jamshedpur, Jharkhand – 832109, India Email Id: info@apexautoltd.com
This form is for	Modification of Charge
Charge identification (ID) number of the charge to be modified	90264435
Type of charge	Immovable Property Any Interest immovable Property Book Debts Movable Property (nor being pledge)
Particular of charge holder	Private Sector Bank Axis Bank Limited, Jamshedpur Branch, Voltas House, Main Road, Bistupur, Jamshedpur - 831001, Jharkhand, India Email Id: manisht.yadav@axisbank.com
Nature of instrument creating charge	Composite Hypothecation Deed Memorandum of Entry ( Extension of Em)
Date of instrument Creating the charge	16.08.2011
Amount secured by the charge	Rs. 459.000 Millioms
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest: IDL Limit @ 2.25% above Axis Bank Base Rate. CC Limit and TL lll @ 3.25% Axis Bank Base Rate.TL-l and ll@ 3.00% above Axis Bank Base Rate. Terms of Repayment : IDL – On Demand ( Maximum Usance of 45Days) CC – On Demand For TL- and as per exiting schedules TL- lll of Rs. 200.000 Millions Repayable in 24 Quarterly Installments (1^st 10quaterly installments of Rs.5.475 Millions each and next 14quterly installments of Rs. 103.75 Millions each) interest to be serviced as and when due. Margin : IDL – 10% CC- 25% TL-l and ll As per exisiting terms TL-lll 31.67% Extent and operation of the charge : i) Over all assigned Bills drawn on TELECON Limited to secure invoice Discounting facility of Rs. 160.000 Millions ii) Over all entire current assets ( Except the invoice discounted under invoice discounting facility) of the company by way of 1^st charge on pari- passu basis to secure CC Limit Of Rs. 35.000 Millions of Axis Bank Along WC exposure of other Lender iii) Over the entire fixed assets of the company by way of 1^st charge on pari-passu basis to secure Rs.264.000 Millions ( Present run down exposure) Others : By Axis bank limited along with other lenders for their term lending (iv) Over the entire current Assets ( Except the invoice discounted under IDL) of the company by way of 2^nd charge on pari passu basis to secure TL of Rs. 264.000 Millions (Present run down exposure) by axis Bank Limited along with others lenders for their term lending (V) Entire fixed assets of the company 2^nd charge on pari passu basis to secure CC Limit of Rs. 35.000 Millions Axis bank along with WC exposure of other lenders.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Exclusive assignment of bills drawn on TELECON Limited to secure Invoice Discounting facility of Rs. 160.000 Millions Entire CA (Except invoice discounted under IDL of company situated at Adityapur, Jamshedpur, Belur Industrial Estate, Dharwad, Vidyasagar Industrial Park, Kharagpur, Narsapura Industrial Estate, Kolar. Entire Fixed Assets of the company Adityapur, Jamshedpur, Belur, Industrial Estate, Dharwad, Vidyasagar Industrial Park, Kharagpur, Narsapura Industrial Estate , Kolar
Date of instrument modifying the charge	21.12.2010
Particulars of the present modification	By this modification 1^st charge on pari passu basis is created on all FA. TL by Axis Bank, IDBI limited and SBI. 2^nd charge on pari passu basis for WC by Axis Bank limited and SBI . 1^st charge on pari passu basis is created on all CA (Except the invoice discounted ) company to secure WC by Axis Bank Limited and SBI and 2^nd charge on pari passu basis for TL by Axis bank Limited, IDBI Bank and SBI. Exclusive charge over assigned bills drawn on Telcon Limited to secure IDL of Rs. 160.000 Millions by Axis Bank Limited.

FIXED ASSETS:

• Lease Hold land
• Factory Shed and Building
• Plant and Machinery
• Furniture
• D,G. Set
• Electrical Installation
• Office Equipment
• Tools and Implements
• Vehicle
• Computer and Electronics
• Borewell

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.49.61
UK Pound	1	Rs.76.68
Euro	1	Rs.66.47

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
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	6
--RESERVES	1~10	7
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		52

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.