MIRA INFORM REPORT

Report Date :

16.04.2012

IDENTIFICATION DETAILS

Name :	INDU CORPORATION PRIVATE LIMITED (PART-IX)

Registered Office :	Nishuvi, 4^th Floor, 75, Dr. Annie Besant Road, Worli, Mumbai – 400 018, Maharashtra

Country :	India

Financials (as on) :	31.03.2011

Date of Incorporation :	03.04.2006

Com. Reg. No.:	11-160932

Capital Investment / Paid-up Capital :	Rs.20.000 Millions

CIN No.: [Company Identification No.]	u27104mh2006ptc160932

TAN No.: [Tax Deduction & Collection Account No.]	MUMI07109E

Legal Form :	Private Limited Liability Company

Line of Business :	Trader, Distributor and Importer of Zinc, Steel Products and Other Ferrous and Non-Ferrous Metals.

No. of Employees :	55 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

Maximum Credit Limit :	USD 1750000

Status :	Satisfactory

Payment Behaviour :	Usually Correct

Litigation :	Clear

Comments :	Subject is an established company with satisfactory track. Trade relations are fair. Business is active. Payments are reported as being usually correct and as per commitments. The company can be considered good for normal business dealings under 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

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

LOCATIONS

Registered Office :	Nishuvi, 4^th Floor, 75, Dr. Annie Besant Road, Worli, Mumbai – 400 018, Maharashtra, India
Tel. No.:	91-22-24962034/ 41005300/ 24950465/ 24962032
Fax No.:	91-22-43005105/ 24950465
E-Mail :	mail@talojasteel.com info@inducorp.co.in
Website :	http://www.inducorporation.com
Area :	2500 sq. ft.
Location :	Owned

Warehouse :	Plot No.A-1, MIDC Taloja Industrial Area, Taloja, District Raigad-410208, Maharashtra, India
Tel. No.:	91-22-27412387
Fax No.:	91-22-27411097

DIRECTORS

As on 30.09.2011

Name :

Mr. Sevantilal Shantilal Kapashi

Designation :

Director

Address :

703, Pleasant Palace, 16, N. D. Road, Mumbai – 400 006, Maharashtra, India

Date of Birth/Age :

12.03.1935

Date of Appointment :

03.04.2006

DIN No.:

00008435

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	U67120MH1985PTC036721	NISHUVI TRADING AND INVESTMENT PRIVATE LIMITED	Director	3/07/1985	3/07/1985	-	Active	NO
2	L51900MH1985PLC037452	KAPASHI COMMERCIAL LIMITED	Whole-time director	1/02/2010	11/09/1985	-	Active	NO
3	U65990MH1992PTC065170	SHREEJEE INVESTMENTS PRIVATE LIMITED	Director	31/01/1992	31/01/1992	22/09/2008	Active	NO
4	U27107MH1995PTC090193	TALOJA STEEL PRIVATE LIMITED	Director	4/07/1995	4/07/1995	-	Amalgamated	NO
5	U74999GJ1991PTC015740	INDRAMATI PROPERTIES AND CREDIT PRIVATE LIMITED	Director	21/03/1996	21/03/1996	2/12/2008	Active	NO
6	U50400MH1989PLC054707	RUNISHA COMMERCIAL LIMITED	Director	27/08/2001	27/08/2001	-	Amalgamated	NO
7	U27104MH2006PTC160932	INDU CORPORATION PRIVATE LIMITED (PART-IX)	Director	3/04/2006	3/04/2006	-	Active	NO

Name :

Mr. Indukumar Shantilal Kapashi

Designation :

Director

Address :

503, Pleasant Palace, 16, N D Road, Mumbai – 400 006, Maharashtra, India

Date of Birth/Age :

03.01.1936

Date of Appointment :

03.04.2006

DIN No.:

00008413

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	L51900MH1985PLC037452	KAPASHI COMMERCIAL LIMITED	Whole-time director	1/02/2010	11/09/1985	-	Active	NO
2	U67120MH1985PTC036721	NISHUVI TRADING AND INVESTMENT PRIVATE LIMITED	Director	10/02/1988	10/02/1988	-	Active	NO
3	U27107MH1995PTC090193	TALOJA STEEL PRIVATE LIMITED	Director	4/07/1995	4/07/1995	-	Amalgamated	NO
4	U70102MH1989PLC053258	NASHIMA DEVELOPERS LIMITED	Director	19/07/1995	19/07/1995	-	Amalgamated	NO
5	U65990MH1992PTC065170	SHREEJEE INVESTMENTS PRIVATE LIMITED	Director	12/10/1999	12/10/1999	22/09/2008	Active	NO
6	U99999MH1994PTC081524	CHANDESHWARI TRADING AND FINANCE PRIVATE LIMITED	Director	30/09/2006	14/11/2005	-	Active	NO
7	U27104MH2006PTC160932	INDU CORPORATION PRIVATE LIMITED (PART-IX)	Director	3/04/2006	3/04/2006	-	Active	NO

Name :

Mr. Paresh Sevantilal Kapashi

Designation :

Managing Director

Address :

703, Pleasant Palace, 16, N D Road, Mumbai – 400 006, Maharashtra, India

Date of Birth/Age :

10.02.1966

Qualification :

B.E., MBA

Experience :

24 Years

Date of Appointment :

03.04.2006

DIN No.:

00008486

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	U50400MH1989PLC054707	RUNISHA COMMERCIAL LIMITED	Director	20/12/1989	20/12/1989	-	Amalgamated	NO
2	L51900MH1985PLC037452	KAPASHI COMMERCIAL LIMITED	Director	11/06/1993	11/06/1993	-	Active	NO
3	U67120MH1985PTC036721	NISHUVI TRADING AND INVESTMENT PRIVATE LIMITED	Director	12/01/1994	12/01/1994	-	Active	NO
4	U27107MH1995PTC090193	TALOJA STEEL PRIVATE LIMITED	Managing director	4/07/1995	4/07/1995	-	Amalgamated	NO
5	U65990MH1992PTC065170	SHREEJEE INVESTMENTS PRIVATE LIMITED	Director	28/06/2002	28/06/2002	22/09/2008	Active	NO
6	U27104MH2006PTC160932	INDU CORPORATION PRIVATE LIMITED (PART-IX)	Director	3/04/2006	3/04/2006	-	Active	NO

Name :

Mr. Nimish Indubhai Kapashi

Designation :

Managing Director

Address :

Shakuntala Building, (Pleasant Palace), Flat No. 503, Narayan Dabholkar Road, Mumbai – 400 006, Maharashtra, India

Date of Birth/Age :

18.06.1970

Qualification :

B.Com

Experience :

12 Years

Date of Appointment :

03.04.2006

DIN No.:

00073665

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	U70102MH1989PLC053258	NASHIMA DEVELOPERS LIMITED	Director	30/08/1989	30/08/1989	-	Amalgamated	NO
2	L51900MH1985PLC037452	KAPASHI COMMERCIAL LIMITED	Director	11/06/1993	11/06/1993	-	Active	NO
3	U67120MH1985PTC036721	NISHUVI TRADING AND INVESTMENT PRIVATE LIMITED	Director	12/01/1994	12/01/1994	-	Active	NO
4	U27107MH1995PTC090193	TALOJA STEEL PRIVATE LIMITED	Managing director	4/07/1995	4/07/1995	-	Amalgamated	NO
5	U65990MH1992PTC065170	SHREEJEE INVESTMENTS PRIVATE LIMITED	Director	28/06/2002	28/06/2002	22/09/2008	Active	NO
6	U99999MH1994PTC081524	CHANDESHWARI TRADING AND FINANCE PRIVATE LIMITED	Director	30/09/2006	14/11/2005	-	Active	NO
7	U27104MH2006PTC160932	INDU CORPORATION PRIVATE LIMITED (PART-IX)	Director	3/04/2006	3/04/2006	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders		No. of Shares
Kapashi S. Paresh		399000
Kapashi I. Nimish		399000
Kapashi S. Sevantilal		409500
Kapashi S. Indukumar		409500
Kapashi S. Sushila		220500
Nitina I. Kapashi		220500
Kapashi P. Nandini		21000
Kapashi N. Bhakti		21000
Total		2100000

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2011

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Trader, Distributor and Importer of Zinc, Steel Products and Other Ferrous and Non-Ferrous Metals.

Products :

Item Code No. (ITC Code)	7214.10
Product Description	Other Bars and Rods of Iron or Non-Alloy not further worked then forged, hot rolled or not extruded, but including those
Item Code No. (ITC Code)	7901.
Product Description	Other Bars and Rods of zinc not further worked then forged, hot rolled or not extruded, but including those

GENERAL INFORMATION

No. of Employees :

55 (Approximately)

Bankers :

· Oriental Bank of Commerce Limited, Opera House Branch, Shreejee Chambers, Tata Road No. 2, Opera House, Mumbai – 400 004, Maharashtra, India

· HDFC Bank Limited

· ICICI Bank Limited

Facilities :

Secured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Working capital loans banks secured	25.030	0.000
Loans taken for vehicles secured	6.513	9.775
Total	31.543	9.775

Unsecured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Other debt unsecured	317.509	245.488
Total	317.509	245.488


Banking Relations :	--

Auditors :
Name :	Vinod K. Mehta and Company Chartered Accountants
Address :	B-22, Shanker Vijay, 1-Rajwadi, Ghatkopar (East), Mumbai – 400 077, Maharashtra, India
PAN.:	AADFV6947N

Enterprise over which Key Managerial Personnel are able to exercise significant influence (As on 31.03.2010) :	· Nishuvi Corporation · Kapashi Commercial Limited · Nishuvi Trading and Investment Private Limited

CAPITAL STRUCTURE

As on 30.09.2011

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
2100000	Equity Shares	Rs.10/- each	Rs.21.000 Millions

As on 31.03.2011

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
2000000	Equity Shares	Rs.10/- each	Rs.20.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		20.000	20.000	20.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		418.714	335.436	264.315
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		438.714	355.436	284.315
LOAN FUNDS
1] Secured Loans		31.543	9.775	1.816
2] Unsecured Loans		317.509	245.488	167.170
TOTAL BORROWING		349.052	255.263	168.986
DEFERRED TAX LIABILITIES		1.565	2.356	2.563

TOTAL		789.331	613.055	455.864

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		259.590	266.804	258.537
Capital work-in-progress		0.000	0.000	0.000

INVESTMENT		19.811	17.379	15.751
DEFERREX TAX ASSETS		0.000	0.000	0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	208.922	165.495	123.774
	Sundry Debtors	976.975	764.153	451.019
	Cash & Bank Balances	2.027	48.827	2.932
	Other Current Assets	0.039	0.117	64.648
	Loans & Advances	162.574	120.096	63.986
Total Current Assets		1350.537	1098.688	706.359
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	31.721	40.859	40.481
	Other Current Liabilities	793.274	714.560	478.181
	Provisions	15.612	14.397	6.316
Total Current Liabilities		840.607	769.816	524.978
Net Current Assets		509.930	328.872	181.381

MISCELLANEOUS EXPENSES		0.000	0.000	0.195

TOTAL		789.331	613.055	455.864

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	6056.498	4743.514	4289.269
		Other Income
		TOTAL (A)	6056.498	4743.514	4289.269

Less	EXPENSES
		Office Expenses	5866.670	4590.648	4202.251
		Administrative Expenses
		Advertising Expenses
		TOTAL (B)	5866.670	4590.648	4202.251

Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		189.828	152.866	87.018

Less	INTEREST & FINANCIAL EXPENSES (D)		58.868	39.292	37.724

	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		130.960	113.574	49.294

Less/ Add	DEPRECIATION/ AMORTISATION (F)		8.323	6.160	5.634

	PROFIT BEFORE TAX (E-F) (G)		122.637	107.414	43.660

Less	TAX (H)		39.359	36.293	15.781

	PROFIT AFTER TAX (G-H) (I)		83.278	71.121	27.879

	BALANCE CARRIED TO THE B/S		83.278	71.121	27.879

	IMPORTS
		Trading Goods	NA	1496.217	674.218
	TOTAL IMPORTS		NA	1496.217	674.218

	Earnings Per Share (Rs.)		41.64	35.56	13.94

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	1.37	2.26	0.65

Return on Total Assets (PBT/Total Assets}	(%)	7.62	7.87	4.52

Return on Investment (ROI) (PBT/Networth)		0.28	0.30	0.15

Debt Equity Ratio (Total Liability/Networth)		2.71	2.88	2.44

Current Ratio (Current Asset/Current Liability)		1.61	1.43	1.34

LOCAL AGENCY FURTHER INFORMATION

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	Yes
8) No. of employees	Yes
9) Name of person contacted	No
10) Designation of contact person	No
11) Turnover of firm for last three years	Yes
12) Profitability for last three years	Yes
13) Reasons for variation <> 20%	--
14) Estimation for coming financial year	Yes
15) Capital in the business	Yes
16) Details of sister concerns	Yes
17) Major suppliers	No
18) Major customers	No
19) Payments terms	Yes
20) Export / Import details (if applicable)	No
21) Market information	--
22) Litigations that the firm / promoter	--
23) Banking Details	Yes
24) Banking facility details	No
25) Conduct of the banking account	--
26) Buyer visit details	--
27) Financials, if provided	Yes
28) Incorporation details, if applicable	Yes
29) Last accounts filed at ROC	Yes
30) Major Shareholders, if available	Yes

WORKING RESULT:

The Sales for the year ended 31st March, 2011 amounted to Rs 6233.611 Millions compared to Rs.4880.792 Millions in the previous year, registering growth of 27.72%. Due to improved turnover, the net profit of the Company has increased by 17.09% compared to the previous year.

Contingent Liabilities: - (As on 31.03.2011)

· Guarantee given for letter of credit - Rs.786.300 Millions

Bankers Charges Report as per Registry

Corporate identity number of the company	U27104MH2006PTC160932
Name of the company	INDU CORPORATION PRIVATE LIMITED (PART-IX)
Address of the registered office or of the principal place of business in India of the company	Nishuvi, 4^th Floor, 75, Dr. Annie Besant Road, Worli, Mumbai – 400 018, Maharashtra, India Email : mail@talojasteel.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10047705
Type of charge	Book Debts Movable Property Goods, Stocks, Spares, Other Current Assets etc.
Particular of charge holder	Oriental Bank of Commerce, Opera House Branch, Shreeji Chambers, Tata Road No. 2, Opera House, Mumbai-400004, Maharashtra, India Email : emailroc@rediffmail.com
Nature of instrument creating charge	Supplemental Agreement to Secure Credit / Loan Facilities.
Date of instrument Creating the charge	11.08.2011
Amount secured by the charge	1700.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Interest @ Base rate + 3.50 % or such other rate as agreed between the borrower and the bank from time to time. Penal int. @ 2% p.a over and above the normal interest rate in case of default. Terms of Repayment Repayment, as agreed between the borrower and the bank from time to time Margin Margin Rate, as agreed between the borrower and the bank from time to time. Extent and Operation of the charge To secure the Letter of Credit (Inland/foreign) limit of Rs. 1700.000 Millions [Sub-Limit Cash Credit Rs. 150.000 Millions and Bank Guarantee Rs.50.000 Millions] the company has extended the charge on hypothecation charge over the goods in case of LC on DA basis, Document of title to goods in case of LC on DA basis. Stocks, Spares, receivables, other current assets etc. The charge stands modified to Rs. 1700.000 Millions
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Hypothecation charge over the goods in case of LC on DA basis Document of Title to Goods in case of LC on DP basis Hypothecation of stocks, spares, receivables and other current assets of the company Hypothecation of all fixed assets of the company, (other than land and building) including unencumbered value of vehicles having WDV of Rs. 14.100 Millions as per Audited Balancesheet as on 31.03.2010
Particulars of the present modification	To secure the Letter of Credit (Inland/foreign) limit of Rs. 1700.000 Millions [Sub-Limit Cash Credit Rs. 150.000 Millions and Bank Guarantee Rs.50.000 Millions] the company has extended the charge on hypothecation charge over the goods in case of LC on DA basis, Document of title to goods in case of LC on DA basis. Stocks, Spares, receivables, other current assets etc. The charge stands modified to Rs. 1700.000 Millions

FIXED ASSETS

· Land

· Furniture

· New Shed (Leaseout)

· Computer

· Factory Shed

· Machinery

· Office Equipments

· Vehicle

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.51.41
UK Pound	1	Rs.81.93
Euro	1	Rs.67.66

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

208.922

165.495

123.774

976.975

764.153

451.019

2.027

48.827

2.932

0.039

0.117

64.648

162.574

120.096

63.986

1350.537

1098.688

706.359

40.481

793.274

714.560

478.181

15.612

14.397

6.316

840.607

769.816

524.978

509.930

328.872

181.381

0.65

4.52

0.15

2.44

1.34

Unit