MIRA INFORM REPORT

Report Date :

31.01.2012

IDENTIFICATION DETAILS

Name :	SURYA ELECTRICALS AND ENGINEERS PRIVATE LIMITED [w.e.f. 25.03.2008]
Formerly Known As :	SURYA ELECTRICALS AND ENGINEERS (FABRICATOR) PRIVATE LIMITED
Registered Office :	14, Netaji Subhas Road, 3^rd Floor, Kolkata – 700001, West Bengal
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	29.01.2008
Com. Reg. No.:	21-122191
Capital Investment / Paid-up Capital :	Rs.5.995 Millions
CIN No.: [Company Identification No.]	U31900WB2008PTC122191
TAN No.: [Tax Deduction & Collection Account No.]	CALS22741F
PAN No.: [Permanent Account No.]	AALCS8456N
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Transmission Towers.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba [43]

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

Maximum Credit Limit :	USD 432000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject was established as a proprietory concern by the name of Surya Electricals and Engineers and later it got converted into private limited company in the year 2008. It is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual trade terms and conditions.

NOTES : Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – 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 :	14, Netaji Subhas Road, 3^rd Floor, Kolkata – 700001, West Bengal, India
Tel. No.:	91-33-22483829 / 22102732
Fax No.:	Not Available
E-Mail :	ravica44@yahoo.com
Factory :	Jalan Industrial Complex, Vill : Banjara, P O Damjur, District Howrah, Kolkata, West Bengal, India

DIRECTORS

As on 30.09.2011

Name :

Mr. Sanjay Mimani

Designation :

Director

Address :

91, Tollygunge Circular Road, Kolkata – 700053, West Bengal, India

Date of Birth/Age :

31.05.1965

Date of Appointment :

29.01.2008

DIN :

00397517

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	U65929WB1946PTC013617	PROVINCIAL INVESTMENT CORPN PRIVATE LIMITED	Director	9/1/1991	9/1/1991	12/4/2010	Active	NO
2	U51109WB1995PTC068732	WANI VYAPAAR PRIVATE LIMITED	Director	1/3/1995	1/3/1995	-	Active	NO
3	U67120WB1997PTC085031	SAPPHIRE KNIT-WEAR PRIVATE LIMITED	Director	25/05/1998	25/05/1998	4/8/2008	Active	NO
4	U65993WB1997PTC084924	SIGMA FIN-LEASE PRIVATE LIMITED	Director	15/11/1999	15/11/1999	-	Active	NO
5	U51109WB1999PTC090045	GANGOTRI TRADELINK PRIVATE LIMITED	Director	23/12/1999	23/12/1999	-	Active	NO
6	U31900WB2008PTC122191	SURYA ELECTRICALS AND ENGINEERS PRIVATE LIMITED	Director	29/01/2008	29/01/2008	-	Active	NO
7	U32109WB2009PTC134933	SURYA TELEINFRA PRIVATE LIMITED	Director	5/5/2009	5/5/2009	-	Active	NO
8	U51909WB2010PTC142894	FOURFOLD VANIJYA PRIVATE LIMITED	Director	8/3/2010	8/3/2010	-	Active	NO
9	U51909WB2010PTC143002	MAJORITY DISTRIBUTORS PRIVATE LIMITED	Director	8/3/2010	8/3/2010	-	Active	NO
10	U31300WB1997PTC085030	SAPPHIRE WIRES AND CABLES PRIVATE LIMITED	Director	3/5/2010	3/5/2010	-	Active	NO
11	U51909WB2007PTC120280	SM TRADECOM PRIVATE LIMITED	Additional director	20/10/2010	20/10/2010	-	Active	NO

Name :

Mr. Badri Das Mimani

Designation :

Director

Address :

29, Shakespeare Sarani, Flat – 9B, Kolkata – 700017, West Bengal, India

Date of Birth/Age :

13.01.1936

Date of Appointment :

29.01.2008

DIN :

00426095

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	L51109WB1987PLC091108	SUYASH TRADERS AND INVESTORS LIMITED	Director	12/12/1990	12/12/1990	Active	NO
2	U51109WB1995PTC068732	WANI VYAPAAR PRIVATE LIMITED	Director	1/3/1995	1/3/1995	Active	NO
3	U31300WB1997PTC085030	SAPPHIRE WIRES AND CABLES PRIVATE LIMITED	Director	10/5/2001	10/5/2001	Active	NO
4	U67120TN1993PTC025507	RSVK MERCANTILE PRIVATE LIMITED	Director	29/12/2003	29/12/2003	Active	NO
5	U70109WB1997PTC085247	STARWELL PROPERTIES PRIVATE LIMITED	Director	7/2/2007	7/2/2007	Active	NO
6	U31900WB2008PTC122191	SURYA ELECTRICALS AND ENGINEERS PRIVATE LIMITED	Director	29/01/2008	29/01/2008	Active	NO
7	U51909WB2005PTC101866	PARMATMA TRADELINK PRIVATE LIMITED	Director	1/7/2010	1/7/2010	Active	NO

Name :

Ms. Shalini Mundhra

Designation :

Director

Address :

3, Wood Street, Flat No. 405, 4th Floor, Kolkata – 700017, West Bengal, India

Date of Birth/Age :

15.10.1965

Date of Appointment :

29.01.2008

DIN :

00426229

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	U67120WB1997PTC085031	SAPPHIRE KNIT-WEAR PRIVATE LIMITED	Director	3/8/1998	3/8/1998	4/8/2008	Active	NO
2	U51109WB1995PTC068732	WANI VYAPAAR PRIVATE LIMITED	Director	1/1/1999	1/1/1999	-	Active	NO
3	U65993WB1997PTC084924	SIGMA FIN-LEASE PRIVATE LIMITED	Director	15/11/1999	15/11/1999	-	Active	NO
4	U65929WB1946PTC013617	PROVINCIAL INVESTMENT CORPN PRIVATE LIMITED	Director	3/11/2003	3/11/2003	12/4/2010	Active	NO
5	U31900WB2008PTC122191	SURYA ELECTRICALS AND ENGINEERS PRIVATE LIMITED	Director	29/01/2008	29/01/2008	-	Active	NO
6	L51109WB1987PLC091108	SUYASH TRADERS AND INVESTORS LIMITED	Director	6/2/2008	6/2/2008	-	Active	NO
7	U51909WB2010PTC142894	FOURFOLD VANIJYA PRIVATE LIMITED	Director	8/3/2010	8/3/2010	-	Active	NO
8	U51909WB2010PTC143002	MAJORITY DISTRIBUTORS PRIVATE LIMITED	Director	8/3/2010	8/3/2010	-	Active	NO
9	U51909WB2005PTC101866	PARMATMA TRADELINK PRIVATE LIMITED	Director	1/7/2010	1/7/2010	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Sanjay Mimani	4000
Badri Das Mimani	14000
Shalini Mundhra	2000
Rajesh Kumar Bhatra [HUF]	1000
Ramawatar Biyala [HUF]	1000
Kailash Chandra Bhatra	1000
Kailash Chandra Bhatra [HUF]	1000
Mahabir Prasad Biyala	1000
Mahabir Prasad Biyala [HUF]	1000
Manisha Devi Boyala	1000
Sidha Bhatra	1000
Vidya Devi Harit	1000
Biyala Kumar Yogesh	1000
Ramanlal Bhatter	250
Shanti Devi Damani	250
Wani Yapaar Private Limited, India	135000
Sapphire Wire and Cables Private Limited, India	95000
Majority Distributors Private Limited, India	144000
Fourfold Vanjya Private Limited, India	195000
Total	599500

As on 30.09.2011

Equity Share Break Up Category	Percentage
Bodies corporate	94.91
Directors or relatives of Directors	3.42
Other top fifty shareholders	1.67
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Transmission Towers.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

• Central Bank of India
• ICICI Bank
• State Bank of India
• Vijaya Bank
• Indian Overseas Bank

Facilities :

Secured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
HDFC bank – for Car	0.139	0.298
Vijaya Bank CC	25.325	0.000
Total	25.464	0.298
Unsecured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Ajay Properties and Investment Limited	0.500	0.500
Alchrome Chemicals Industries	3.200	4.700
B and M Chemicals Limited	2.500	0.000
Babulal Anchalia	1.000	1.000
Badri Das Mimani	8.425	5.223
Baniara Engineers Private Limited	0.400	0.000
Basukinath Developer Private Limited	2.000	0.000
Bengal Floritech (Private) Limited	1.061	0.000
Bhagwan Dass Bhatter and Others(HUF)	0.100	0.100
Bimala Devi Bhatter	0.817	0.710
BINA DAGA	0.400	0.000
Blueview Tradecomm Private Limited	2.000	0.000
Devika Fin-vest and Stock Private Limited	1.000	0.000
Divine Banijya Private Limited	0.505	0.000
Divya Jhaver	1.013	0.000
Divya Shakti Merchants (Private) Limited	2.500	2.500
Divyansh Enclave (Private) Limited	0.000	0.500
Dravya Commercial (Private) Limited	0.000	0.030
Finance Exchange (India) Limited	2.000	0.000
Ganeshji Maharaj	0.000	0.000
Handsome Sales (Private) Limited	0.000	3.000
Hari Kishan Kapil (HUF)	0.000	0.000
Indo East Corporation	9.300	0.000
INDO Japan Horologicals Corporation	0.500	0.000
Indo SuperTech Private Limited	0.300	0.000
Izone Marketing Private Limited	2.031	0.000
J.U. Pesticides and Chemicals Private Limited	53.894	0.000
Jayashree Biyala	1.015	0.000
Jivan Jyoti Vyapaar Private Limited	1.000	0.000
Kailash Chandra Bhatra (HUF)	1.189	0.800
Kailash Chandra Bhatra	1.551	1.000
Kapil Jhaver	0.000	0.000
Linton Consultants Private Limited	2.016	0.000
Maa Ambey Trade Link Private Limited	0.000	1.550
Maa Vaishnavi Vanijya Private Limited	0.000	1.000
Magnolia Investment Advisory Services (Private)	10.000	0.000
Mahabir Prasad Biyala (HUF)	1.370	0.200
Mahabir Prasad Biyala	1.062	1.000
Manisha Biyala	0.787	0.650
Manju Biyala	0.271	0.000
Manju Credit Private Limited	4.211	0.000
MCR Finvest (Private) Limited	0.800	1.000
Narshingpore Tea Company Limited	0.000	1.000
Nirankari Tradecom Private Limited	10.130	0.000
Norfiox Vincom Private Limited	5.000	0.000
Parmatma Trade Link (Private) Limited	32.477	0.000
Pashupati Deal Com (Private) Limited	0.000	4.000
Pinpoint Tie up Private Limited	0.000	2.800
Planko Commercial Private Limited	1.104	0.200
Potential Distributors Private Limited	2.500	0.000
Prakritik Udyog	0.185	0.185
Priti Trade Fin (Private) Limited	0.000	0.255
Prospect TieUP (Private) Limited	0.000	0.300
Provincial Investment Corporation	9.013	1.000
Pulsar Commerce (Private) Limited	1.500	0.000
Rahul Vinimay and Investment Private Limited	0.005	0.000
Rajesh Kumar Bhatra (H.U.F)	1.070	0.900
Ram Awatar Biyala (HUF)	1.070	0.900
Ram Kishore Lohia	0.000	0.750
Rama Devi Bhattar	0.900	0.900
Redico Vanijya Private Limited	2.500	0.000
Reliable Equity (Private) Limited	1.500	1.000
Richimen Barter Private Limited	0.700	0.000
Ritu Jhaver	1.013	0.000
Ritu Tibarewalla	0.900	0.900
Rukhma Investment and Finance (Private) Limited	2.000	0.000
S. Buddhi Investment Private Limited	8.912	1.500
Sanchi Traders Private Limited	1.526	0.000
Sanjay Consultancy Investment Private Limited	3.290	0.000
Sanjay M Credit Private Limited	1.018	2.000
Sanjay Mimani (H.U.F)	0.464	0.000
Sanjay Mimani	4.701	2.315
Sanskriti Housing Private Limited	0.000	1.000
Sapphire Knit Wear Private Limited	0.000	0.500
Sashi Daga	0.550	0.000
Satya Narayan Mall	0.200	0.200
Shalini Mundhra	0.938	0.000
Shanti Devi Damani	1.575	0.000
Sigma Finlease Private Limited	3.337	1.500
Sonodrop Tieup Private Limited	0.006	0.506
Star Tech Deal Com Private Limited	2.124	1.000
Subham Dealcom Private Limited	1.012	0.000
Sudha Bhatra	1.391	1.150
Suparshvamati Mercantiles Private Limited	0.500	0.500
Surya Steelfab	20.318	8.603
Suyash Traders and Investor Private Limited	2.444	0.000
Thirani Projects Limited	2.552	0.000
Til Export Private Limited	15.211	0.000
Tulip Tea Company Limited	0.500	0.500
Umesh Poojari	0.003	0.003
Urban Amenities (Private) Limited	5.000	0.000
Vaikunth Vintrade Private Limited	0.000	0.300
Vidya Devi Harit	0.592	0.000
Vidya Jhaver	1.013	0.000
Vijay Kishan Jhaver (HUF)	1.013	0.000
Vikash Viniyog (Private) Limited	0.000	2.500
Vishwa Vishal Trimex Private Limited	5.000	0.000
Total	279.475	64.630

Banking Relations :	--
Auditors :
Name :	Bikash and Associates Chartered Accountants
Address :	36, Raja Ram Chand Ghat Road, Panihati, Kolkata- 700114, West Bengal, India
PAN :	ADCPB9995N

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
1,500,000	Equity Shares	Rs.10/- each	Rs.15.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
599,500	Equity Shares	Rs.10/- each	Rs.5.995 millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

Particulars		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		5.995	5.995	1.550
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		102.018	98.482	13.052
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		108.013	104.477	14.602
LOAN FUNDS
1] Secured Loans		25.464	0.298	0.000
2] Unsecured Loans		279.475	64.630	0.000
TOTAL BORROWING		304.939	64.928	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		412.952	169.405	14.602
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		11.564	12.922	0.000
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	14.456
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	104.685	56.372	0.000
	Sundry Debtors	341.168	177.501	0.042
	Cash & Bank Balances	0.363	20.493	0.061
	Other Current Assets	17.387	11.396	0.000
	Loans & Advances	50.841	20.225	0.056
Total Current Assets		514.444	285.987	0.159
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	106.055	121.873	0.000
	Other Current Liabilities	4.041	6.388	0.013
	Provisions	2.960	1.243	0.000
Total Current Liabilities		113.056	129.504	0.013
Net Current Assets		401.388	156.483	0.146
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		412.952	169.405	14.602

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income
		Other Income
		TOTAL	541.672	474.677	NA
	PROFIT / [LOSS] BEFORE TAX		5.253	4.118	0.002
Less	TAX		1.718	1.243	0.000
	PROFIT / [LOSS] AFTER TAX		3.535	2.875	0.002
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		2.877	0.002	0.000
	BALANCE CARRIED TO THE B/S		6.412	2.877	0.002
	Earnings/[Loss] Per Share (Rs.)		5.89	4.79	--

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.65	0.60	NA
Return on Total Assets (PBT/Total Assets}	(%)	1.00	1.38	1.26
Return on Investment (ROI) (PBT/Networth)		0.05	0.04	0.00
Debt Equity Ratio (Total Liability/Networth)		3.87	1.86	0.00
Current Ratio (Current Asset/Current Liability)		4.55	2.21	12.23

LOCAL AGENCY FURTHER INFORMATION

Note : Registered office address of the company has been shifted from 14, Netaji Subhas Road, 1st Floor, Kolkata – 700001, West Bengal, India to the present address w.e.f. 14.04.2008

Business Operation :

The turnover of the company is Rs.541.672 millions as compared to that of previous Year’s figure Rs.474.677 millions. However the profit before taxation is Rs.3.535 millions as compared to that of previous year’s figure Rs.2.875 millions However, the director expects a much better result in the using year.

FIXED ASSETS :

§ Plant and Machinery

§ Furniture

§ Factory Shed

§ Computer

§ Office Equipments

§ Electrical Installations

§ Electrical Equipments

§ Motor Car

§ Cycle

§ Air Conditioner

§ Generator

§ Mobile Phones

§ Refrigerator

§ Tube Well

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.49.50
UK Pound	1	Rs.77.73
Euro	1	Rs.65.18

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	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	4
--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		43

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.