MIRA
INFORM REPORT
|
Report Date : |
04.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
DUNITE ROCKS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 12/1B, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
21.04.2004 |
|
|
|
|
Com. Reg. No.: |
18-053016 |
|
|
|
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Capital
Investment / Paid-up Capital : |
Rs.65.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26933TN2004PTC053016 |
|
|
|
|
IEC No.: |
3804000193 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MRID00651A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCD0757A |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer,
Exporter and Importer of |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 230000 |
|
|
|
|
Status : |
Moderate |
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|
|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. These
appears huge accumulated losses recorded by the company. However, trade relations
are reported to be fair. Business is active. Payments are reported to be slow
but correct. 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.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
No. 12/1B, |
|
Tel. No.: |
91-4543-258020 /
258930-32 / 3258930 / 260691-94 |
|
Fax No.: |
91-4543-258030 /
260690 |
|
E-Mail : |
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|
Website : |
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|
Area : |
8 Acre |
|
Location : |
Owned |
DIRECTORS
As on 23.09.2011
|
Name : |
Mr. Ramalingam
Sriram |
|
Designation : |
Managing Director
|
|
Address : |
FF, Adhi Home, Parsnsristi
Apartments, |
|
Date of Birth/Age : |
10.04.1964 |
|
Qualification : |
M Tech |
|
Date of Appointment : |
21.04.2004 |
|
DIN No.: |
00553651 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U26999TN1997PTC039345 |
MADURAI
ARKAY ROCK PRODUCE PRIVATE LIMITED |
Managing
director |
31/10/1997 |
31/10/1997 |
Active |
NO |
|
2 |
U26933TN2004PTC053016 |
DUNITE
ROCKS PRIVATE LIMITED |
Managing
director |
21/04/2004 |
21/04/2004 |
Active |
NO |
|
3 |
U14200TN2007PTC065400 |
CONSORTIUM
MINES AND GRANITES (CHENNAI) PRIVATE LIMITED |
Director |
16/11/2007 |
16/11/2007 |
Active |
NO |
|
Name : |
Mrs.
Kalyanasundaram Geetha |
|
Designation : |
Director |
|
Address : |
FF, Adhi Home,
Parsnsristi Apartments, |
|
Date of Birth/Age : |
30.05.1966 |
|
Qualification : |
M Tech. |
|
Date of Appointment : |
21.04.2004 |
|
DIN No.: |
00553715 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U26933TN2004PTC053016 |
DUNITE
ROCKS PRIVATE LIMITED |
Director |
21/04/2004 |
21/04/2004 |
Active |
NO |
|
2 |
U26999TN1997PTC039345 |
MADURAI
ARKAY ROCK PRODUCE PRIVATE LIMITED |
Director |
18/08/2004 |
18/08/2004 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 23.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
R. Sriram |
|
1155000 |
|
K Geetha |
|
644900 |
|
Madurai Arkay Rock Produce Private Limited |
|
2200000 |
|
Kaliannan |
|
250000 |
|
Kaliannan (MMS) |
|
50000 |
|
K Sripriya |
|
50000 |
|
Sreeram (CEPL) |
|
50000 |
|
Dasarathan |
|
100000 |
|
M Eswaraswamy |
|
100 |
|
Revati Narayan |
|
2000000 |
|
Total |
|
6500000 |
As on 23.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
32.00 |
|
Directors or relatives of Directors |
27.00 |
|
Other top fifty shareholders |
41.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer,
Exporter and Importer of |
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|
Products : |
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PRODUCTION STATUS
As on 31.03.2010
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
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|
|
Granite Slabs |
Sq. Mtr / MT |
Not Applicable |
210000 Sq. Mtr /
10250 MT |
50836.32 Sq. Mtr |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
·
Canara Bank, Madurai Branch, No.33, North Veli Street,
Madurai - 625001, Tamil Nadu, India ·
State Bank of India ·
Axis Bank ·
Indian Bank |
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Facilities : |
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Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
C. Balakrishnan Chartered
Accountant |
|
Address : |
13, |
|
Tel. No.: |
91-452-2522990 |
CAPITAL STRUCTURE
As on 23.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6500000 |
Equity Shares |
Rs.10/- each |
Rs.65.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6500000 |
Equity Shares |
Rs.10/- each |
Rs.65.000 Millions |
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|
|
|
|
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 |
65.000 |
65.000 |
65.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
20.500 |
20.500 |
20.500 |
|
|
4] (Accumulated Losses) |
(26.795) |
(19.597) |
(12.773) |
|
|
NETWORTH |
58.705 |
65.903 |
72.727 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
80.605 |
88.000 |
95.650 |
|
|
2] Unsecured Loans |
27.492 |
27.187 |
27.870 |
|
|
TOTAL BORROWING |
108.097 |
115.187 |
123.520 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
166.802 |
181.090 |
196.247 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
77.672 |
88.917 |
99.976 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
83.820
|
68.489 |
70.818 |
|
|
Sundry Debtors |
21.603
|
32.805 |
35.897 |
|
|
Cash & Bank Balances |
2.832
|
1.565 |
15.548 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
5.391
|
5.837 |
12.425 |
|
Total
Current Assets |
113.646
|
108.696 |
134.688 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
23.035
|
15.184 |
36.934 |
|
|
Other Current Liabilities |
1.481
|
1.351 |
1.487 |
|
|
Provisions |
0.000
|
0.000 |
0.019 |
|
Total
Current Liabilities |
24.516
|
16.535 |
38.440 |
|
|
Net Current Assets |
89.130
|
92.161 |
96.248 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.012 |
0.023 |
|
|
|
|
|
|
|
|
TOTAL |
166.802 |
181.090 |
196.247 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
122.194 |
119.665 |
87.617 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
122.194 |
119.665 |
87.617 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
(Increase) / Decrease in stock |
|
(12.666) |
(1.886) |
|
|
|
Material Consumption |
|
89.815 |
53.725 |
|
|
|
Salaries, Wages and Other employee benefits |
|
8.178 |
6.820 |
|
|
|
Other Expenses |
|
18.484 |
17.183 |
|
|
|
TOTAL (B) |
103.241 |
103.811 |
75.842 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
18.953 |
15.854 |
11.775 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
14.924 |
7.433 |
10.224 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4.029 |
8.421 |
1.551 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
11.227 |
15.245 |
18.129 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(7.198) |
(6.824) |
(16.578) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.019 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
(7.198) |
(6.824) |
(16.597) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(19.597) |
(12.773) |
3.824 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(26.795) |
(19.597) |
(12.773) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
60.080 |
39.089 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Consumables |
NA |
15.695 |
20.958 |
|
|
|
Capital Goods |
NA |
0.000 |
21.015 |
|
|
TOTAL IMPORTS |
NA |
15.695 |
41.973 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(1.11) |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(5.89)
|
(5.70) |
(18.94) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(5.89)
|
(5.70) |
(18.92) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(3.76)
|
(3.45) |
(7.06) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.12)
|
(0.10) |
(0.23) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.26
|
2.00 |
2.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.64
|
6.57 |
3.50 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
No |
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
PAN of Director, if
available |
No |
|
32] |
Passport No of Director,
if available |
No |
|
33] |
Voter ID No of Director,
if available |
No |
PERFORMANCE AND FUTURE OUTLOOK
During the year the company performed well inspite of global financial recession. The Directors are taking all possible efforts to improve the sales further
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U26933TN2004PTC053016 |
|
Name of the company |
DUNITE ROCKS PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
No. 12/1B, Sholavandan Road, Nagari, Madurai – 625 221, Tamilnadu,
India E-mail Id : balakrishnan_fca@yahoo.co.in |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
90288202 |
|
Type of charge |
Book debts Movable property (not being pledge) |
|
Particular of charge holder |
Canara Bank, North Veli Street Branch, 33 North Veli Street, Madurai –
625001, Tamil Nadu, India E-mail Id : managermdu1011@canarabank.com |
|
Nature of instrument creating charge |
Supplemental Common Hypothecation Agreement |
|
Date of instrument Creating the charge |
29.06.2012 |
|
Amount secured by the charge |
Rs.135.300 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Terms of Repayment 1. OCC/PC/ODBD/FDB/FBE/FLC - Repayable on Demand. The facilities are
tenable till 27.2.2013 2. Term Loan I and II - There is no change in the existing sanction
stipulations Margin 1. OCC/PC - 25% 2. ODBD - 40% 3. FDB/FBE - NIL 4. FLC (DA) - 25% 5. Term Loan I and II - There is no change in the existing sanction
stipulations Extent and Operation of the charge The charge shall operate as exclusive first charge in favour of the
Bank as security for the Limits with an overall limit of Rs. 135.300 Millions
together with interest, commission, cost and charges that may accrue and /or
be debited to the Company's accounts from time to time. Others 1. Cover period for Book Debts/ Receivables - 90 days 2. PC Period - 180 days 3. Period of usance for FBE - 120 days 4. Period of LC not to exceed 90 days and Usance for LC - 180 days
from B/L |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Hypothecation of Stocks, Book Debts, Machineries and other Movable
Assets |
|
Date of instrument modifying the charge |
17.09.2009 |
|
Particulars of the present modification |
Overall Limit is reduced from Rs.140.300 Millions to Rs.135.300
Millions. Extension of Hypothecation as exclusive first charge on the
Company's present and future stocks of Granite Blocks, Export Receivables,
Machineries and other Movable assets as security for the reduced overall
limit of Rs.135.300 Millions, together with interest, commission, cost,
charges and other expenses that may
accrue and /or be debited to the Company's accounts from time to time.All
other terms and conditions remain unaltered. |
FIXED ASSETS
·
Land
·
Building
·
Machinery
·
Electrical Machinery
·
Office Equipments
·
Vehicles
·
Furniture and Fittings
·
Computer and Accessories
·
Air Conditioner
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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.56.08 |
|
|
1 |
Rs.87.03 |
|
Euro |
1 |
Rs.68.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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 |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.