MIRA INFORM REPORT

Report Date :

16.06.2012

IDENTIFICATION DETAILS

Name :	RASHLEELA PAPERS PRIVATE LIMITED
Registered Office :	C-5, Krishna Balram Basement, Opposite St. Anselm School, Malviya Nagar, Jaipur - 302017, Rajasthan
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	20.02.2004
Com. Reg. No.:	17-019004
Capital Investment/ Paid-up Capital:	Rs.16.277 Millions
CIN No.: [Company Identification No.]	U21017RJ2004PTC019004
TAN No.: [Tax Deduction & Collection Account No.]	JPRR03016G
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Stationery
No. of Employees:	80 (Approximately)

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 108000
Status :	Moderate
Payment Behaviour :	Slow but Correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track. There appears some accumulated loss recorded by the company. However, trade relations are reported as fair. Business is active. Payments are reported 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 – 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

INFORMATION PARTED BY

Name :	Mr. Tiwari
Designation :	H.R and Admin Head
Contact No.:	91-141-4100906
Date :	08.05.2012

LOCATIONS

Registered Office/Corporate office: :	C-5, Krishna Balram Basement, Opposite St. Anselm School, Malviya Nagar, Jaipur - 302017, Rajasthan, India
Tel. No.:	91-141-4100906/4100999/4100903/4032468
Fax No.:	91-141-4100906/2520213
E-Mail :	sectiwari@raslilaindia.com raslila40@hotmail.com sales@raslilaindia.com rash@raslilaindia.com
Website :	www.raslilaindia.com
Area :	2000 Sq.ft
Location :	Owned
Branch Office :	Agra Road , Jaipur
Area :	45000 Sq.ft
Location :	Owned
Factory :	7,Ekta Vihar, Paldi Meena, Agra Road, Jaipur, Rajasthan, India
Area :	20000 Sq.ft
Location :	Owned
Factory:	Gram –Ghata, Post –Benada, Tehseel – Bassi, District – Jaipur, Rajasthan, India

DIRECTORS

As on 30.09.2011

Name :

Mr. Rajendra Prasad Rungta

Designation :

Director

Address :

C-5,Krishna Balram, Malviya Nagar, Jaipur - 302017,Rajasthan, India

Date of Birth/Age :

16.05.1950

Date of Appointment :

20.02.2004

Din No.:

01303291

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	Date of cessation	Company/ LLP Status	Defaulting status
1	U24232RJ1983PLC004581	RMC MED LIMITED	Director	8/9/1983	8/9/1983	-	Active	NO
2	U70101RJ1985PTC017739	ACTIVE TRADERS PRIVATE LIMITED (TRANSFER FROM WEST BENGAL)	Director	16/05/1985	16/05/1985	-	Active	NO
3	U24100RJ1994PTC009130	ROADCO (INDIA) PRIVATE LIMITED	Director	1/8/1995	1/8/1995	-	Active	NO
4	U21017RJ2004PTC019004	RASHLEELA PAPERS PRIVATE LIMITED	Director	20/02/2004	20/02/2004	-	Active	NO
5	U60231RJ2006PTC022176	RASHLEELA ENTERPRISES PRIVATE LIMITED	Director	1/3/2006	1/3/2006	-	Active	NO
6	U45201RJ2009PTC030151	Rashleela Realtors Private Limited	Director	29/10/2009	29/10/2009	-	Active	NO

Name :

Mrs. Leeta Rungta

Designation :

Director

Address :

C-5,Krishna Balram, Malviya Nagar, Jaipur - 302017,Rajasthan, India

Date of Birth/Age :

19.09.1955

Date of Appointment :

14.03.2005

Din No.:

01303170

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	Date of cessation	Company/ LLP Status	Defaulting status
1	U21017RJ2004PTC019004	RASHLEELA PAPERS PRIVATE LIMITED	Director	14/03/2005	14/03/2005	-	Active	NO
2	U60231RJ2006PTC022176	RASHLEELA ENTERPRISES PRIVATE LIMITED	Director	1/3/2006	1/3/2006	-	Active	NO

Name :

Mr. Kunj Behari Rungta

Designation :

Director

Address :

C-5,Krishna Balram,Malviya Nagar,Jaipur - 302017,Rajasthan

Date of Birth/Age :

18.06.1976

Date of Appointment :

Since Incorporation

Din No.:

01557429

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	Date of cessation	Company/ LLP Status	Defaulting status
1	U24100RJ1994PTC009130	ROADCO (INDIA) PRIVATE LIMITED	Director	15/01/2000	15/01/2000	-	Active	NO
2	U24232RJ1983PLC004581	RMC MED LIMITED	Director	15/01/2000	15/01/2000	-	Active	NO
3	U21017RJ2004PTC019004	RASHLEELA PAPERS PRIVATE LIMITED	Director	20/02/2004	20/02/2004	-	Active	NO
4	U60231RJ2006PTC022176	RASHLEELA ENTERPRISES PRIVATE LIMITED	Director	1/3/2006	1/3/2006	-	Active	NO
5	U45201RJ2009PTC030151	Rashleela Realtors Private Limited	Director	29/10/2009	29/10/2009	-	Active	NO
6	U45201RJ2010PTC031814	GOLDIAM REALHOME PRIVATE LIMITED	Director	14/05/2010	14/05/2010	-	Active	NO
7	U45201RJ2010PTC031859	THIRD EYE INFRATECH PRIVATE LIMITED	Director	19/05/2010	19/05/2010	-	Active	NO
8	U51109WB1995PTC068157	COCETRA MERCHANTS PVT LTD	Director	21/09/2010	9/6/2010	-	Active	NO
9	U70101RJ2011PTC034053	SHREEKUNJ GREENPOWER PRIVATE LIMITED	Director	2/2/2011	2/2/2011	-	Active	NO
10	U70101RJ1985PTC017739	ACTIVE TRADERS PRIVATE LIMITED (TRANSFER FROM WEST BENGAL)	Director	19/11/2011	19/11/2011	5/5/2012	Active	NO

Name :

Mr. Rash Behari Rungta

Designation :

Director

Address :

C-5,Krishna Balram, Malviya Nagar, Jaipur - 302017,Rajasthan, India

Date of Birth/Age :

05.08.1978

Date of Appointment :

20.02.2004

Din No.:

01557559

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	Date of cessation	Company/ LLP Status	Defaulting status
1	U24100RJ1994PTC009130	ROADCO (INDIA) PRIVATE LIMITED	Director	29/04/2002	29/04/2002	-	Active	NO
2	U21017RJ2004PTC019004	RASHLEELA PAPERS PRIVATE LIMITED	Director	20/02/2004	20/02/2004	-	Active	NO
3	U60231RJ2006PTC022176	RASHLEELA ENTERPRISES PRIVATE LIMITED	Director	1/3/2006	1/3/2006	-	Active	NO
4	U45201RJ2009PTC030151	Rashleela Realtors Private Limited	Director	29/10/2009	29/10/2009	-	Active	NO
5	U45201RJ2010PTC031814	GOLDIAM REALHOME PRIVATE LIMITED	Director	14/05/2010	14/05/2010	-	Active	NO
6	U51109WB1995PTC068157	COCETRA MERCHANTS PVT LTD	Director	21/09/2010	9/6/2010	-	Active	NO
7	U45201RJ2010PTC031859	THIRD EYE INFRATECH PRIVATE LIMITED	Director	31/12/2010	31/12/2010	-	Active	NO
8	U70101RJ2011PTC034053	SHREEKUNJ GREENPOWER PRIVATE LIMITED	Director	2/2/2011	2/2/2011	-	Active	NO
9	U24232RJ1983PLC004581	RMC MED LIMITED	Director	30/12/2011	6/9/2011	-	Active	NO
10	U70101RJ1985PTC017739	ACTIVE TRADERS PRIVATE LIMITED (TRANSFER FROM WEST BENGAL)	Director	19/11/2011	19/11/2011	5/5/2012	Active	NO

Name :

Mr. Nayika Rungta

Designation :

Director

Address :

C-5,Krishna Balram,Malviya Nagar,Jaipur - 302017,Rajasthan

Date of Birth/Age :

09.06.1982

Date of Appointment :

14.03.2005

Din No.:

KEY EXECUTIVES

Name :	Mr. Tiwari
Designation :	H.R and Admin Head

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Mr.Rajendra Prasad Rungta	520000
Mr.Rajendra Prasad Rungta (HUF)	100000
Mrs.Leela Rungta	337500
Mr.Kunj Behari Rungta	145880
Mr.Rash Behari Rungta	217500
Rashleela Enterprises Private Limited – India	236365
Mrs Anamika Rungta	12500
Mrs Nisha Rungta	12500
Co-Cetra Merchant Private Limited – India	45455
Total	1627700

As on 30.09.2011

Category	Percentage
Bodies corporate	17.31
Directors or relatives of directors	82.69
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Stationery

Products :

Item Code No.:	Product Description
4820	Note Book and Stationery Material

Exports :

Products :

Stationery

Countries :

Germany

Terms :

Selling :

Cash/ Credit

Purchasing :

Cash/ Credit

PRODUCTION STATUS As on 31.03.2011

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Text Book Stationery	Ton	NA	3900	NA
Note Book and Stationery Material	Ton	NA	NA	5718871

GENERAL INFORMATION

Suppliers :

Gold Rush Stationery

Customers :

Wholesalers and Retailers

S. R Enterprises

No. of Employees :

80 (Approximately)

Bankers :

· Punjab National Bank, Specialised SSI Branch, Road NO.14, VKI Area, Jaipur - 302013, Rajasthan, India

· Canara Bank, Anukampa Mansion, Opposite Raymond Show Room, M.I Road Jaipur – 302001, Rajasthan, India

· HDFC Bank

Facilities :

Rs. in Millions

SECURED LOANS	31.03.2011	31.03.2010
Term Loan	10.778	15.776
Cash Credit Note: (The term loan and Cash Credit is secured by equitable mortgage of entire Land and Building of the Company and hypothecation of Plant and Machinery, Other Movable Fixed Assets and Current Assets of company and also secured by personal guarantees of all directors of the Company.	22.300	18.407
Total	33.078	34.183
UN SECURED LOANS	31.03.2011	31.03.2010
From Body Corporates	13.480	10.762

Banking Relations :	--
Auditors :
Name :	S K Gangwal and Company Chartered Accountants
Address :	501 Sun Tower, Gandhi Nagar More, Tonk Road, Jaipur – 302015, Rajasthan, India
Pan No.:	AASPG2162K
Memberships :
Kay Management Personnel :	· RMC Medical Limited · M/s Roadco India Private Limited · Cocetra Merchants Private Limited
Subsidiaries :	· Rashleela Enterprises Private Limited · Rashleela Realtors Private Limited · Third Eye Infa Tech Private Limited · Shreekunj Realhome Private Limited · Goldian Realhome Private Limited

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
2000000	Equity Shares	Rs.10/-each	Rs.20.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1627700	Equity Shares	Rs.10/- each	Rs.16.277 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		16.277	16.277	16.277
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		13.313	13.313	15.989
4] (Accumulated Losses)		(2.482)	(2.873)	0.000
NETWORTH		27.108	26.717	32.266
LOAN FUNDS
1] Secured Loans		33.078	34.183	31.329
2] Unsecured Loans		13.480	10.762	0.000
TOTAL BORROWING		46.558	44.945	31.329
DEFERRED TAX LIABILITIES		0.646	1.012	0.413
TOTAL		74.312	72.674	64.008
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		33.069	34.092	30.415
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		3.464	4.538	4.815
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	26.391	20.738	20.501
	Sundry Debtors	15.494	16.025	10.077
	Cash & Bank Balances	0.263	0.453	0.256
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	5.973	4.851	3.050
Total Current Assets		48.121	42.067	33.884
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	7.082	5.935	3.781
	Other Current Liabilities	3.089	2.039	1.204
	Provisions	0.171	0.049	0.121
Total Current Liabilities		10.342	8.023	5.106
Net Current Assets		37.779	34.044	28.778
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		74.312	72.674	64.008

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2011	31.03.2010	31.03.2009
	SALES TURNOVER AND OTHER INCOME	61.749	71.353	50.299
Less	EXPENSES	61.719	69.448	42.748
		Including Interest and Deprecation
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		1.905	3.058
Less	FINANCIAL EXPENSES		3.524	0.976
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		1.619	2.082
Less/ Add	DEPRECIATION/ AMORTISATION		3.331	1.009
	PROFIT BEFORE TAX	0.030	(4.950)	1.073
Less	TAX	(0.361)	0.599	0.534
	PROFIT AFTER TAX	0.391	5.549	0.539
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	(2.873)	NA	NA
	BALANCE CARRIED TO THE B/S	(2.482)	NA	NA
	EARNINGS IN FOREIGN CURRENCY

Particulars	31.03.2012
Sales Turnover (Approximately)	70.000

Expected Sales (2012-2013): Rs.80.000 Millions

The above information has been parted by Mr. Tiwari

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	(0.58)	7.77	1.07
Return on Total Assets (PBT/Total Assets}	(%)	0.04	(6.50)	1.67
Return on Investment (ROI) (PBT/Networth)		0.00	(0.19)	(0.03)
Debt Equity Ratio (Total Liability/Networth)		2.09	1.98	1.13
Current Ratio (Current Asset/Current Liability)		4.65	5.24	6.64

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	Yes
Type of Business	Yes
Line of Business	Yes
Promoters background	Yes
No. of Employees	Yes
Name of Person Contacted	Yes
Designation of contact person	Yes
Turnover of firm for last three years	Yes
Profitability for last three years	Yes
Reasons for variation <> 20%	-
Estimation for coming financial year	-
Capital the business	Yes
Details of sister concerns	Yes
Major Suppliers	Yes
Major Customers	Yes
Payment Terms	Yes
Export / Import Details [If Applicable]	Yes
Market Information	-
Litigations that the firm / promoter involved in	-
Banking Details	Yes
Banking Facility Details	Yes
Conduct of the banking account	-
Buyer visit details	-
Financials, if provided	Yes
Incorporation details, if applicable	Yes
Last accounts filed at ROC	Yes
Major Shareholders, if applicable	Yes

NOTE:

The registered office address of the company has been shifted from T-6 SS Tower, Dhamani street, Chaura Rasta, Jaipur – 302001, Rajasthan, India to present address w.e.f 20.05.2008

CONTINGENT LIABILITY

Bank Guarantee of Rs.0.205 Millions has been given favour of Commissioner of custom, Mumbai for machinery imported under EPCG Scheme

Form: 8

Corporate identity number of the company	U21017 RJ 2004PTC019004
Name of the company	RASHLEELA PAPERS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	C-5,Krishna Balram, Malviya Nagar, Jaipur - 302017, Rajasthan ,India Email: raslila40@hotmail.com
This form is for	Creation of charge
Type of charge	Immovable Property
Particular of charge holder	HDFC Bank Limited, Senapati Bapat Marg, Lower Parel (W), Mumbai – 400013, Maharashtra, India Email: kapil.agarwal@hdfcbank.com
Nature of instrument creating charge	Memorandum recording past transaction of creation of Mortgage by deposit of title deeds
Date of instrument Creating the charge	12.06.2010
Amount secured by the charge	Rs.40.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest Cash credit : PLR-5.5% p.a Current PLR being 15.75% WCDL: PLR-5.5% p.a Current PLR being 15.75% Term Loan:PLR-5.5% p.a Current PLR being 15.75% Terms of repayment Term Loan : In 51 monthly EMI of Rs.0.303 Millions each. Overdraft facility: on demand Margin argin for Cash credit : 30% on paid stocks(<90 days) & debtors (<90 days). Extent and Operation of the charge: First charge on all current assets including stocks and book debts and also first charge on following properties to the extent of Rs.40.000 Millions 1. Khasra No. 709/770/1 & 709/770/2 at Gram-Ghata, Tehsil Bassi, Jaipur 2.Factory at Old Chungi Naka, Near Meena Palri, Opp. Barsana Glass House, Agra Road, Jaipur
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Hypothecation of all current assets including stock and book debts. EM of properties created out of TL. Hypothecation of the entire current assets of the company

Fixed Assets

• Land
• Factory Building
• Office Building
• New Factory Building
• Plant and Machinery
• Air conditioner
• Computers
• Office Equipments
• Furniture and Fixture
• 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.55.76
UK Pound	1	Rs.86.69
Euro	1	Rs.70.44

INFORMATION DETAILS

Information Gathered by :	PJA
Report Prepared by :	BYI

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	-

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.