MIRA INFORM REPORT

Report Date :

06.08.2012

IDENTIFICATION DETAILS

Name :	FORMULATEIP TECHNOLEGAL SOLUTIONS PRIVATE LIMITED
Registered Office :	#677, 1st Floor, 27^th Main, 13^th Cross, HSR Layout, 1^st Sector, Bangalore – 560068, Karnataka
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	21.05.2008
Com. Reg. No.:	08-046493
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U72200KA2008PTC046493
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is provides a full range of integrated intellectual property and innovation management services.
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 3000
Status :	Small Company
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a small company in its field. Its scale of activity are limited. There appears loss in the current year. However, trade relations are reported to be fair. Business is active. Payments are reported to be low but correct. The company can be considered for business dealing with some cautions.

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 DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ 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 :	#677, 1st Floor, 27^th Main, 13^th Cross, HSR Layout, 1^st Sector, Bangalore – 560068, Karnataka, India
Tel. No.:	91-80-41647830
Fax No.:	Not Available
E-Mail :	neeraj@formulateip.com info@formulateip.com contactus@formulateip.com
Website :	www.formulateip.com
Overseas Office :	USA 3 Hanger Way, Suite D Watsonville, CA 95076 USA
Tel. No.:	+1-(831) 204-3687
E-Mail :	usa@formulateip.com

DIRECTORS

(AS ON 30.09.2011)

Name :

Mr. Lokesh Prem Harjani

Designation :

Director

Address :

101, Ritu Apartment, Dongersi Road, Malabar Hill, Walkeshwar, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

15.07.1974

Date of Appointment :

15.11.2011

DIN No.:

01496181

Other Directorships :

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	U25190MH1992PLC068924	PIXEL PACKAGING LIMITED	Director	11/11/2001	11/11/2001	Active	NO
2	L18100MH1986PLC040911	PREMCO GLOBAL LIMITED	Whole-time director	01/04/2009	11/11/2001	Active	NO
3	U74999MH2007PTC169770	ONSPOT SOLUTIONS PRIVATE LIMITED	Managing director	09/04/2007	09/04/2007	Active	YES
4	U72200KA2008PTC046493	FORMULATEIP TECHNOLEGAL SOLUTIONS PRIVATE LIMITED.	Director	15/11/2011	15/11/2011	Active	NO

Name :

Mr. Neeraj Gupta

Designation :

Director

Address :

Flat No.T4, Sapthagiti Enclave, 5^th Cross, Thayappa Garden, Devachikkanahalli Road, Bikhalli, Bangalore – 560076, Karnataka, India

Date of Birth/Age :

11.04.1979

Date of Appointment :

21.05.2008

DIN No.:

01865996

Other Directorships :

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	U72200KA2008PTC046493	FORMULATEIP TECHNOLEGAL SOLUTIONS PRIVATE LIMITED.	Director	21/05/2008	21/05/2008	Active	NO
2	U72200KA2011PTC059610	REFERPAD TECHNOLOGIES PRIVATE LIMITED	Director	18/07/2011	18/07/2011	Active	NO

Name :

Mr. Rajendrakumar Sosale Gopalkrishna

Designation :

Director

Address :

2A/1, Srinivasa Nilaya, Uttarahalli, Main Road, Ken, SWWET Home Layout, Bangalore – 560060, Karnataka, India

Date of Birth/Age :

14.03.1961

Date of Appointment :

16.05.2011

DIN No.:

02991238

Other Directorships :

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	Date of cessation	Company/ LLP Status	Defaulting status
1	U72200KA2003PTC031810	ASHRA SOFT SYSTEMS PRIVATE LIMITED	Additional director	17/09/2010	17/09/2010	-	Active	NO
2	U85120KA2010PTC055494	MEDEKA HEALTH PRIVATE LIMITED	Director	14/10/2010	14/10/2010	-	Active	NO
3	U34300KA2006PTC041020	FWG-IHW SPRINGS PRIVATE LIMITED	Additional director	24/12/2010	24/12/2010	-	Strike off	NO
4	U72300DL2011PTC213516	SKYSURE SOLUTIONS PRIVATE LIMITED	Director	08/02/2011	08/02/2011	17/08/2011	Active	NO
5	U72200KA2008PTC046493	FORMULATEIP TECHNOLEGAL SOLUTIONS PRIVATE LIMITED.	Director	16/05/2011	16/05/2011	-	Active	NO
6	U72900KA2011PTC059005	SDS TECH SOLUTIONS PRIVATE LIMITED	Director	07/06/2011	07/06/2011	-	Active	NO
7	U74900KA2008PTC048430	SEEDSOURCE CONSULTING INDIA PRIVATE LIMITED	Director	30/04/2012	30/04/2012	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Neeraj Gupta
Designation :	Chief Executive Officer
Name :	Mr. V. Anantha Subramanian
Designation :	Chief Technology Officer
Name :	Mr. Donald Boys
Designation :	Head-Patent Consulting
Name :	Dr. Saragur M. Srinidhi
Designation :	Managing Partner- Prometheus Consulting
Name :	Dr. Rao Mikkilineni
Designation :	Founder and Chief Technology Officer – Kawa Objects Inc.

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 30.09.2011)

Names of Shareholders	No. of Shares
Neeraj Gupta	629
Vivekananda Swaminathan	1
Swetha Thipperudrppa	370
Total	1000

(AS ON 30.09.2011)

Equity Shares Break – up

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is provides a full range of integrated intellectual property and innovation management services.

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	The Hongkong and Shanghai Banking Corporation Limited

Banking Relations :	--
Auditors :
Name :	J Nitish and Associates Chartered Accountant
Address :	No.1/1, Radhakrishna Complex, 2^nd Floor, Rajajinagar, 6^th Block, Bangalore – 560010, Karnataka, India
Tel No.:	91-80-23157615
Fax No.:	91-80-23388207
Mobile No.:	91-9845522652
PAN No.:	AGKPN4626M
Email :	nitish@gmail.com

CAPITAL STRUCTURE

(AS ON 30.09.2011)

Authorised Capital :

No. of Shares	Type	Value	Amount
1000	Equity Shares	Rs.100/- each	Rs.0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1000	Equity Shares	Rs.100/- each	Rs.0.100 Million

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		0.100	0.100	0.100
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.637	0.776	0.501
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		0.737	0.876	0.601
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		0.000	0.000	0.000
DEFERRED TAX LIABILITIES		0.003	0.000	0.000
TOTAL		0.740	0.876	0.601
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.305	0.307	0.104
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	0.000	0.000	0.000
	Sundry Debtors	0.672	1.612	0.000
	Cash & Bank Balances	0.536	0.026	0.223
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	0.766	0.404	0.525
Total Current Assets		1.974	2.042	0.748
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor and Accrued Charges	1.148	1.076	0.012
	Provisions	0.391	0.397	0.239
Total Current Liabilities		1.539	1.473	0.251
Net Current Assets		0.435	0.569	0.497
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		0.740	0.876	0.601

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		TOTAL	5.599	6.166	5.621
Less	EXPENSES
		TOTAL	5.456	5.316	4.868
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		0.143	0.850	0.753
Less/ Add	DEPRECIATION/ AMORTISATION		0.068	0.031	0.013
	PROFIT BEFORE TAX		0.075	0.819	0.740
Less	TAX		0.213	0.544	0.239
	PROFIT AFTER TAX		(0.138)	0.275	0.501
	EARNINGS IN FOREIGN CURRENCY
		Professional and Consultation Fees (Including Unbilled Revenue)	0.859	1.056	2.972
	TOTAL EARNINGS		0.859	1.056	2.972
	Earnings Per Share (Rs.)		(138.60)	274.74	501.00

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	(2.46)	4.46	8.91
Return on Total Assets (PBT/Total Assets}	(%)	3.29	34.87	86.85
Return on Investment (ROI) (PBT/Networth)		0.10	0.93	1.23
Debt Equity Ratio (Total Liability/Networth)		2.09	1.68	0.42
Current Ratio (Current Asset/Current Liability)		1.28	1.39	2.98

LOCAL AGENCY FURTHER INFORMATION

Check list by info Agents	Available in Report (Yes/ No)
Year of Establishment	Yes
Locality of the Firm	Yes
Constitution of the Firm	Yes
Premises details	No
Type of Business	Yes
Line of Business	Yes
Promoter’s Background	Yes
No. of Employees	No
Name of Person Contacted	No
Designation of Contact person	No
Turnover of Firm for last three years	Yes
Profitability for last three years	Yes
Reasons for variation <> 20%	-----
Estimation for coming financial year	No
Capital in the business	Yes
Details of sister concerns	No
Major Suppliers	No
Major Customers	No
Payments Terms	No
Export/ Imports Details (If applicable)	No
Market Information	-----
Litigations that the firm/ Promoters Involved in	-----
Banking details	Yes
Banking Facility Details	No
Conduct of the Banking Account	-----
Buyer visit details	-----
Financials, if provided	Yes
Incorporation details is applicable	Yes
Last Accounts filed at ROC	Yes
Major Shareholders, if available	Yes
PAN of Proprietor/Partner/Director, if available	No
Passport No of Proprietor/Partner/Director, if available	No
Voter ID No of Proprietor/Partner/Director, if available	No

NOTE:

The Registered office of the company has been shifted from, 304, Esteem Plaza, 4^th Main Rod, Sadashiv Nagar, Bangalore – 560080, Maharashtra, India, to the present address w.e.f. 05.09.2011.

FIXED ASSETS:

· Computer

· UPS

· Office Equipment

· Air Conditioner

· Furniture and Fixtures

WEBSITE DETAILS:

PROFILE:

Subject is an Intellectual Property (IP) and Innovation Management and Consulting Firm. The objective is to provide effective IP solutions for the business while they take care of fitting those solutions within the framework of the law. Intellectual property issues are critical to the success of any business, regardless of its size. They provide a full range of integrated intellectual property services which includes patents, trademarks, designs and copyright across the globe. They are experts in acquiring, securing and registering IP rights and managing IP portfolios.

They have extensive portfolio of domestic and international clients that includes private individuals, multi-national corporations, universities, companies ranging from small start-up companies to large businesses across a broad spectrum of industries and market. They are dedicated to understand our clients' objectives, business goals and advice on the right approach to achieve those objectives. Their team has strong technical and legal expertise to analyze and rapidly understand complex technologies and to provide expert advice on the business requirements.

MANAGEMENT TEAM

Neeraj Gupta, Director and Chief Executive Officer

Neeraj Gupta is the Director and CEO at FormulateIP. Applying his business and technical background, Neeraj assists clients in protecting and expanding their domestic and international knowledge-based businesses using IP protection, licensing and strategic planning. Neeraj has played key role in developing and implementing intellectual property, business strategies and initiatives for many product and service based organizations. Neeraj has provided IP Portfolio Management Consulting to leading companies in different sectors in India and Abroad. Neeraj holds Bachelors of Technology degree from Indian Institute of Technology (IIT) in Metallurgical and Material Sciences and Masters of Science Degree from Royal Institute of Technology (KTH), Sweden in Scientific Computing and Mathematics. Neeraj is visiting faculty and mentor at various Management and Intellectual Property institutes including Institute of Intellectual Property Studies (IIPS), Global Institute of Intellectual Property (GIIP), ALMT Learning (IPRIM), and Karnataka State Open University, Mysore.

V. Anantha Subramanian, Chief Technology Officer

Anantha is Chief Technology Officer at FormulateIP. He has more than 14 years of experience of patent drafting, patent abstracting and prior art search. Anantha has worked as Radiation Physicist and Radiation Safety Engineer at Bhabha Atomic Research Center, Government of India for 14 years. He holds Bachelors degree in Physics, Electronics and Spectroscopy and Masters Degree in Electronics and Spectroscopy. Anantha is primarily responsible for overall delivery of IP related projects at FormulateIP. Anantha is visiting faculty at various Intellectual Property institutes including ALMT Learning (IPRIM), and Karnataka State Open University, Mysore.

Donald Boys, Head-Patent Consulting

Donald R. Boys is the Head-Patent Consulting Group at FormulateIP. Donald Boys is also the CEO of Central Coast Patent Agency, Inc. and President of Intellectual Property Architects, International. Mr. Boys came to IP Law from a long career in technology, which includes robotics and automation development at General Motors Corporation, and semiconductor equipment design and development at Varian Associates and Genus Incorporated. His work at GM, Varian and Genus was involved with development of equipment to move parts for processing automatically into and out of high vacuum environment, and deposition apparatus for coating parts in high vacuum for decorative purposes, for IC connectivity and for memory films. Mr. Boys is a graduate of Purdue University in West Lafayette, Indiana in Mechanical Engineering, sat for and passed the US Federal Patent Bar in 1991, and has pursued a productive career in IP Law for eighteen years.

ADVISORY BOARDS

Dr. Saragur M. Srinidhi, Managing Partner- Prometheus Consulting

Dr. Saragur M. Srinidhi received his M.S. and Ph.D. degrees in Electrical Engineering from Cleveland State University, USA in 1988 and 1992, respectively. He was a Telecommunications Consultant with BP America in Cleveland, Ohio and later with NASAs Lewis Research Center at Cleveland where he was a Senior Consulting Engineer with the High-Performance Networks Group. As a Principal Investigator for NASAs Advanced Communications Technology Satellite (ACTS) experiments, he was recognized as a pioneer in hybrid ATM networking over satellites and has extensively worked on prototyping wide-area ATM networks in support of dispersed applications.

Saragur was the Country Manager for FORE Systems Inc., a worldwide leader in high performance networking products based on ATM technology and managed the business operations in the South Asian region since 1996. He continued as Head of SAARC operations for Marconi Communications PLC after their acquisition of Fore Systems. Saragur left Marconi in 2002 to establish a start-up company to design and develop a first mile access public Ethernet device. Dr. Srinidhi currently heads Prometheus Consulting, a global technology consulting firm specializing in due diligence studies on technology, investment analysis and regulatory studies. He is recognized as an International Telecommunications Union (ITU) Expert in Telecommunications. He is a lead consultant to India’s Center for Development of Advanced Computing (CDAC) for the National Grid Computing Initiative – Garuda. He serves on the investment committees of UTI Venture Funds and Government of India’s Technology Development Board where he plays an active role in the identification and evaluation of investment opportunities. Dr. Srinidhi is a member of the Graduate Faculty at Cleveland State University and a Senior Member of the IEEE.

Dr. Rao Mikkilineni, Founder and Chief Technology Officer – Kawa Objects Inc.

Dr. Rao has over 29 years of experience in both Telecommunications and IT industries. He has held research and senior management positions at AT and T Bell Labs, Bellcore, US West, Network Programs Inc, SS8 Networks, and LightSand Communications. Most recently, he held the position of Director, storage systems and services engineering at Comstock Systems, which was later merged with Hitachi Data Systems Inc., in USA. Dr. Rao brings a deep knowledge of the storage industry, exceptional technical expertise and a proven track record of success. His practical experience in applying leading-edge technologies to radically improve productivity and quality of Operations and Management in telephony, IP networking and storage networking provides a unique perspective on the role of enterprise systems and distributed computing technologies. He has written many papers on application of virtualization, new approaches to storage service delivery, object oriented technology, Video on Demand services management, AI and Expert Systems in improving Telecom and IT operations & management, and software productivity.

Dr. Rao currently chairs the 2nd International Conference on Collaboration in Computing Clouds sponsored by IEEE Workshops on Enabling Technologies: Infrastructures for Collaborative Enterprises (WETICE2010) to be held in Larissa, Greece in June 2010. An alumni of Indian Institute of Science, Bangalore, Dr. Rao obtained his PhD in Physics from the University of California, San Diego, working with Nobel Laureate Physicist Walter Kohn. He also has a Master's Degree from the Japan American Institute of Management Science in Hawaii and Sophia University in Tokyo. He teaches Enterprise Security at Golden Gate University.

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 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
UK Pound	1	Rs.87.03
Euro	1	Rs.68.36

INFORMATION DETAILS

Report Prepared by :

NIT

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	NO
--AFFILIATION	YES/NO	NO
--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	-

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.