MIRA INFORM REPORT

Report Date :

24.02.2012

IDENTIFICATION DETAILS

Name :	CAPITAL RESIDENCES PRIVATE LIMITED (w.e.f. 11.02.2010)
Formerly Known As :	CAPITAL RESIDENCES LIMITED
Registered Office :	C-96, Panchsheel Enclave, New Delhi – 110017
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	20.05.2009
Com. Reg. No.:	55-190453
Capital Investment / Paid-up Capital :	Rs.0.500 Million
CIN No.: [Company Identification No.]	U45204DL2009PTC190453
TAN No.: [Tax Deduction & Collection Account No.]	DELC11193A
PAN No.: [Permanent Account No.]	AADCC6525C
Legal Form :	Private Limited Liability Company
Line of Business :	Construction Activity.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca (15)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is a relatively new company having moderate track. The company has incurred some losses in its first year of operation. However, trade relations are reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings on a secured 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	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 :	C-96, Panchsheel Enclave, New Delhi – 110017, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	chandoks@gmail.com

DIRECTORS

As on 25.09.2010

Name :

Mr. Harish Gulati

Designation :

Director

Address :

1884, Guru Tech Bahadur Nagar, Delhi – 110009, India

Date of Birth/Age :

06.10.1950

Date of Appointment :

10.01.2011

DIN No.:

01018476

Other Directorship :

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
U18101DL2000PTC103909	Anshu Garments Private Limited	Director	23/02/2000	23/02/2000	-	Active	NO
U72900DL2004PTC130737	Orbit Informatics Private Limited	Director	24/11/2004	24/11/2004	-	Active	NO
U45201DL2005PTC135791	Allied Software Development Private Limited	Director	4/05/2005	4/05/2005	-	Active	NO
U74899DL2005PTC141782	Mare Software Devlopment Private Limited	Director	17/10/2005	17/10/2005	-	Active	NO
U72200DL2005PTC142789	B.N. Computers Private Limited	Director	22/11/2005	22/11/2005	-	Active	NO
U45400DL2009PTC189893	Conquest Residences Private Limited	Director	1/05/2009	1/05/2009	-	Active	NO
U51101DL2009PTC195192	Allied Tradex Private Limited	Director	13/10/2009	13/10/2009	-	Active	NO
U45204DL2009PTC190453	Capital Residences Private Limited	Director	10/01/2011	10/01/2011	-	Active	NO
U70101DL2011PTC217786	Capital Heights Private Limited	Director	19/04/2011	19/04/2011	-	Active	NO
U70101DL2011PTC217784	Capital Land Developer Private Limited	Director	19/04/2011	19/04/2011	-	Active	NO
U70101DL2011PTC222554	Capital Residencies Constructions Private Limited	Director	19/07/2011	19/07/2011	10/08/2011	Active	NO

Name :

Mr. Baij Nath Chandok

Designation :

Director

Address :

C-96, Panchsheel Enclave, New Delhi – 110017, India

Date of Birth/Age :

10.02.1945

Date of Appointment :

20.05.2009

Date of Ceasing :

16.01.2011

DIN No.:

00440879

Other Directorship :

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
U74899DL1980PTC010862	Capital Equipment Company Private Limited	Director	17/09/1980	17/09/1980	-	Active	NO
U74899DL1988PTC031162	J.S.Nirman Private Limited	Director	5/05/1994	5/05/1994	-	Active	NO
U74899DL1995PTC073238	Anu Garments Private Limited	Director	17/10/1995	17/10/1995	-	Active	NO
U74899DL1982PTC013125	Pasonda Textile Industries Private Limited	Director	3/10/1998	3/10/1998	5/10/2007	Active	NO
U74899DL1990PTC039015	J R Thermomaster Private Limited	Director	30/04/2001	30/04/2001	-	Active	NO
U72900DL2000PTC104813	Spring Infomatics Private Limited	Director	31/07/2001	31/07/2001	-	Active	NO
U74899DL2001PTC109089	VKD Impex Private Limited	Director	18/04/2003	18/04/2003	-	Active	NO
U72900DL2003PTC123684	Microbase Infosolution Private Limited.	Director	24/12/2003	24/12/2003	20/01/2011	Amalgamated	NO
U72900DL2003PTC123683	Microbrain Softwares Private Limited	Director	24/12/2003	24/12/2003	-	Active	NO
U74899DL2005PTC141782	Mare Software Devlopment Private Limited	Director	17/10/2005	17/10/2005	-	Active	NO
U72200DL2005PTC142789	B.N. Computers Private Limited	Director	22/11/2005	22/11/2005	-	Active	NO
U72200DL1998PTC093353	Hamilton Technologies (India) Private Limited	Director	16/01/2006	16/01/2006	4/04/2011	Active	NO
U72200DL2005PTC141780	Conquest Developers Private Limited	Director	3/03/2008	3/03/2008	9/10/2009	Active	NO
U72900DL2004PTC130737	Orbit Informatics Private Limited	Director	10/12/2008	10/12/2008	-	Active	NO
U45201DL2005PTC135791	Allied Software Development Private Limited	Director	24/12/2008	24/12/2008	-	Active	NO
U70109DL2009PTC189169	Krishna Conquest Construction Private Limited	Director	6/04/2009	6/04/2009	-	Active	NO
U45204DL2009PTC190453	Capital Residences Private Limited	Director	20/05/2009	20/05/2009	16/01/2011	Active	NO
U45201DL2006PTC147720	S.S. Con-Build Private Limited	Director	3/05/2010	1/06/2009	24/06/2010	Active	NO
U70100DL2009PTC191980	Titan Infracon Private Limited	Director	7/07/2009	7/07/2009	-	Active	NO
U70102DL2009PTC196147	Real Capital Residency Private Limited	Director	18/11/2009	18/11/2009	-	Active	NO
U45201DL2010PTC198242	Real Capital Towers Private Limited	Additional director	6/03/2010	6/03/2010	-	Active	NO
U70200DL2010PTC201762	Capital Skyscraper Private Limited	Director	20/04/2010	20/04/2010	-	Active	NO
U51101DL2009PTC195192	Allied Tradex Private Limited	Director	26/08/2010	26/08/2010	-	Active	NO
U45200DL2008PTC175630	French Buildmart Private Limited	Director	27/09/2010	27/09/2010	-	Active	NO
U70109DL2011PTC212323	S B P Buildtech Private Limited	Director	7/01/2011	7/01/2011	-	Active	NO
U70200DL2011PTC213637	Capital Realmart Private Limited	Director	9/02/2011	9/02/2011	-	Active	NO
U70200DL2011PTC213636	Capital Realbuild Private Limited	Director	9/02/2011	9/02/2011	-	Active	NO
U70101DL2011PTC217784	Capital Land Developer Private Limited	Additional director	4/08/2011	4/08/2011	-	Active	NO

Name :

Mr. Ankur Chandok

Designation :

Director

Address :

C-96, Panchsheel Enclave, New Delhi – 110017, India

Date of Birth/Age :

05.08.1985

Date of Appointment :

20.05.2009

Date of Ceasing :

25.07.2011

DIN No.:

00441039

Other Directorship :

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
U74899DL1988PTC031162	J.S.Nirman Private Limited	Director	30/09/2003	30/09/2003	-	Active	NO
U74899DL1995PTC073238	Anu Garments Private Limited	Director	30/09/2003	30/09/2003	-	Active	NO
U72900DL2003PTC123684	Microbase Infosolution Private Limited	Director	24/12/2003	24/12/2003	1/12/2010	Amalgamated	NO
U72900DL2003PTC123683	Microbrain Softwares Private Limited	Director	24/12/2003	24/12/2003	-	Active	NO
U72200DL1998PTC093353	Hamilton Technologies (India) Private Limited.	Director	16/01/2006	16/01/2006	4/04/2011	Active	NO
U72900DL2000PTC104813	Spring Infomatics Private Limited	Director	15/03/2007	15/03/2007	-	Active	NO
U74899DL1990PTC039015	J R Thermomaster Private Limited	Director	7/12/2007	7/12/2007	-	Active	NO
U74899DL2001PTC109089	VKD Impex Private Limited	Director	7/12/2007	7/12/2007	-	Active	NO
U72200DL2005PTC141780	Conquest Developers Private Limited	Director	15/04/2008	15/04/2008	23/12/2011	Active	NO
U72900DL2004PTC130737	Orbit Informatics Private Limited	Director	10/12/2008	10/12/2008	-	Active	NO
U45201DL2005PTC135791	Allied Software Development Private Limited	Director	24/12/2008	24/12/2008	-	Active	NO
U70109DL2009PTC189169	Krishna Conquest Construction Private Limited	Director	6/04/2009	6/04/2009	23/12/2011	Active	NO
U45400DL2009PTC189893	Conquest Residences Private Limited	Director	1/05/2009	1/05/2009	-	Active	NO
U45204DL2009PTC190453	Capital Residences Private Limited	Director	20/05/2009	20/05/2009	25/07/2011	Active	NO
U70100DL2009PTC191980	Titan Infracon Private Limited	Director	7/07/2009	7/07/2009	-	Active	NO
U70200DL2010PTC201762	Capital Skyscraper Private Limited	Director	20/04/2010	20/04/2010	-	Active	NO
U45200DL2008PTC175630	French Buildmart Private Limited	Director	27/09/2010	27/09/2010	-	Active	NO
U70200DL2011PTC213637	Capital Realmart Private Limited	Director	9/02/2011	9/02/2011	-	Active	NO
U70200DL2011PTC213636	Capital Realbuild Private Limited	Director	9/02/2011	9/02/2011	-	Active	NO
U70101DL2011PTC217786	Capital Heights Private Limited	Director	19/04/2011	19/04/2011	-	Active	NO
U70101DL2011PTC217784	Capital Land Developer Private Limited	Director	19/04/2011	19/04/2011	-	Active	NO
U70101DL2011PTC222554	Capital Residencies Constructions Private Limited	Additional director	10/08/2011	10/08/2011	-	Active	NO

Name :

Mr. Veena Chandok

Designation :

Director

Address :

C-96, Panchsheel Enclave, New Delhi – 110017, India

Date of Birth/Age :

06.10.1949

Date of Appointment :

20.05.2009

Date of Ceasing :

16.01.2011

DIN No.:

00441208

Other Directorship :

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
U74899DL1982PTC013125	Pasonda Textile Industries Private Limited	Director	3/10/1998	3/10/1998	5/10/2007	Active	NO
U74899DL1980PTC010862	Capital Equipment Company Private Limited	Director	2/07/1999	2/07/1999	-	Active	NO
U74899DL1990PTC039015	J R Thermomaster Private Limited	Director	30/04/2001	30/04/2001	-	Active	NO
U72900DL2000PTC104813	Spring Infomatics Private Limited	Director	31/07/2001	31/07/2001	-	Active	NO
U74899DL1995PTC073238	Anu Garments Private Limited	Director	7/12/2001	7/12/2001	-	Active	NO
U74899DL1988PTC031162	J.S.Nirman Private Limited	Director	24/12/2001	24/12/2001	-	Active	NO
U74899DL2001PTC109089	VKD Impex Private Limited	Director	18/04/2003	18/04/2003	-	Active	NO
U45204DL2009PTC190453	Capital Residences Private Limited	Director	20/05/2009	20/05/2009	16/01/2011	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 25.09.2010

Names of Shareholders	No. of Shares
Baij Nath Chandok	25000
Ankur Chandok	13000
Veena Chandok	12000
Total

Equity Share Break up (Percentage of Total Equity)

As on 25.09.2010

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Construction Activity.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Corporation Bank

Syndicate Bank

Facilities :

Secured Loan	As on 31.03.2010 (Rs. in Millions)
ICICI Vehicle Loan* *(Secured by Hypothecation of Motor Vehicle)	5.530
Total	5.530

Financial Institute :	Shakti Finbiz Private Limited, 8B, Rajendra Park, Pusa Road, New Delhi – 110060, India
Banking Relations :	--
Auditors :
Name :	R. N. Marwah and Company Chartered Accountants
Address :	4/80, Janpath, New Delhi – 110001, India
PAN.:	AAAFR9496F
Enterprises under the common control of key management personnel and Relatives :	· Anu Garments Private Limited · Spring Infomatics Private Limited · J.R. Thermomaster Private Limited · J.S. Nirman Private Limited · Microbrain Software Private Limited · Mare Software Development Private Limited · Allied Software Development Private Limited · Orbit Infomatics Private Limited · Microbase Infosolution Private Limited · Capital Equipment Company Private Limited · Conquest Residences Private Limited · VKD Impex Private Limited · Titan Infracon Private Limited · Capital Equipment Company

CAPITAL STRUCTURE

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs.10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.10/- each	Rs.0.500 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		0.500
2] Share Application Money		173.240
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		(1.963)
NETWORTH		171.777
LOAN FUNDS
1] Secured Loans		5.530
2] Unsecured Loans		0.000
TOTAL BORROWING		5.530
DEFERRED TAX LIABILITIES		0.113
TOTAL		177.420
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		7.163
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	346.194
	Sundry Debtors	0.000
	Cash & Bank Balances	11.527
	Other Current Assets	0.000
	Loans & Advances	5.400
Total Current Assets		363.121
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1.847
	Other Current Liabilities	191.017
	Provisions	0.000
Total Current Liabilities		192.864
Net Current Assets		170.257
MISCELLANEOUS EXPENSES		0.000
TOTAL		177.420

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010
	SALES
		Income	346.194
		Other Income
		TOTAL	346.194
Less	EXPENSES
		Office Expenses	348.044
		Administrative Expenses
		Advertising Expenses
		Financial Expenses
		Depreciation
		TOTAL	348.044
	PROFIT/ LOSS BEFORE TAX		(1.850)
Less	TAX		0.113
	PROFIT/ LOSS AFTER TAX		(1.963)
	Earnings Per Share (Rs.)		(39.25)

KEY RATIOS

PARTICULARS		31.03.2010
PAT / Total Income	(%)	0.57
Return on Total Assets (PBT/Total Assets}	(%)	0.50
Return on Investment (ROI) (PBT/Networth)		0.01
Debt Equity Ratio (Total Liability/Networth)		1.15
Current Ratio (Current Asset/Current Liability)		1.88

LOCAL AGENCY FURTHER INFORMATION

OPERATING RESULTS

During the year the Company incurred a Loss before tax of Rs.1.850 Millions during in the year. The Directors are making their best efforts to improve operations and reduce costs.

INCREASE IN AUTHORISED SHARE CAPITAL

The Company with the approval of its shareholders in the Extra-ordinary General Meeting held on 18th June, 2009 has increased its authorized capital form Rs. 2.500 Millions to Rs. 10.000 Millions.

CHANGE OF STATUS OF THE COMPANY FROM PUBLIC LIMITED TO PRIVATE LIMITED

The Company with the approval of its shareholders in the Extra-ordinary General Meeting held on 1st February, 2010 and subject to approval of Central Government (Registrars of the Companies, NCT of Delhi and Haryana) has converted its status from Public Company into a Private Limited Company and consequently change the name of the Company from ‘Capital Residences Limited' to 'Capital Residences Private Limited' by addition of the word "private' from the name of the Company.

The Registrar of Companies, NCT of Delhi and Haryana, New Delhi, has issued a Fresh Certificate of Incorporation consequent upon Change of name on conversion to Private Limited on February 11th, 2010 in this regards.

Bankers Charges Report as per Registry

Corporate identity number of the company	U45204DL2009PTC190453
Name of the company	CAPITAL RESIDENCES PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	C-96, Panchsheel Enclave, New Delhi - 110017, India Email : chandoks@gmail.com
This form is for	Creation of charge
Type of charge	Immovable property
Particular of charge holder	Shakti Finbiz Private Limited, 8B, Rajendra Park, Pusa Road, New Delhi – 110060, India Email : jolly8105@yahoo.co.in
Nature of instrument creating charge	Memorandum of Entry
Date of instrument Creating the charge	05.05.2010
Amount secured by the charge	Rs.80.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest 20% per annum, calculated with monthly rest Terms of repayment Repayment shall be within 9 (nine) months Margin NA Extent and operation of the charge Mortgage by deposit of Title Deeds of Entire Basement Floor, Entire Stilt Floor, Entire Ground Floor, Entire Third Floor, Entire Terrace, Open Area, Driveway etc. on Ground Level (except three car parking spaces for the owners/occupants of the First Floor and Second Floor), Three Servant Quarters with common W.C., with 55% undivided, indivisible and impartible ownership rights in the Freehold Residential plot of land admeasuring 385 sq. yds., bearing No. C-104, Anand Niketan, New Delhi, India Others Personal Guarantee of all the directors viz. Shri Baij Nath Chandok, Smt. Veena Chandok and Shri Ankur Chandok and of the CEO Shri Inder Mohan Thapar. Further Smt. Veena Chandok has provided her Entire Second Floor, Two car parking spaces, One Servant Quarter with W.C., alongwith 22.5% undivided, indivisible and impartible ownership rights in the Freehold Residential plot of land measuring 385 sq. yds. bearing No. C-104, situated at Anand Niketan, New Delhi as collateral security
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Property No. C-104, situated at Anand Niketan, New Delhi, India

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.49.25
UK Pound	1	Rs.77.19
Euro	1	Rs.65.29

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	--
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	2
--RESERVES	1~10	--
--CREDIT LINES	1~10	2
--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		15

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.