1. Summary Information

		Country	INDIA
Company Name	CHARCHCO ELECTRONICS (INDIA) PRIVATE LIMITED	Principal Name 1	MR. SHYAMA PRASAD CHATTERJEE
Status	SATISFACTORY	Principal Name 2	MR. PIYUSH KUMAR TATER
		Registration #	21-056860
Street Address	8/1B, CHOWRINGHEE LANE, KOLKATA – 700 016, WEST BENGAL
Established Date	27.10.1992	SIC Code	--
Telephone#	91-33-30289494	Business Style 1	DISTRIBUTOR
Fax #	91-33-22520884	Business Style 2	--
Homepage	NOT AVAILABLE	Product Name 1	ELECTRONICS PRODUCTS
# of employees	APPROXIMATELY 35 (IN OFFICE)	Product Name 2	--
Paid up capital	RS.8,357,000/-	Product Name 3	--
Shareholders	BODIES CORPORATE-15.56% DIRECTORS OR RELATIVES OF DIRECTORS-0.24% OTHER TOP FIFTY SHAREHOLDERS-84.20%	Banking	ALLAHABAD BANK
Public Limited Corp.	NO	Business Period	20 YEARS
IPO	NO	International Ins.	--
Public Enterprise	NO	Rating	Ba (46)
Related Company
Relation	Country	Company Name	CEO
--	--	--	--
Note	--

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	210,047,000	Current Liabilities	87,417,000
Inventories	111,322,000	Long-term Liabilities	210,785,000
Fixed Assets	14,346,000	Other Liabilities	2,814,000
Deferred Assets	0,000	Total Liabilities	301,016,000
Invest& other Assets	500,000	Retained Earnings	18,205,000
		Net Worth	35,199,000
Total Assets	336,215,000	Total Liab. & Equity	336,215,000
Total Assets (Previous Year)	364,999,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	995,948,000	Net Profit	2,527,000
Sales(Previous yr)	959,198,000	Net Profit(Prev.yr)	2,357,000

MIRA INFORM REPORT

Report Date :

29.05.2012

IDENTIFICATION DETAILS

Name :	CHARCHCO ELECTRONICS (INDIA) PRIVATE LIMITED (w.e.f. 19.01.2004)
Formerly Known As :	CHARCHCO MECHANICALS AND ENGINEERING PRIVATE LIMITED
Registered Office :	8/1B, Chowringhee Lane, Kolkata – 700 016, West Bengal
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	27.10.1992
Com. Reg. No.:	21-056860
Capital Investment / Paid-up Capital :	Rs.8.357 millions
CIN No.: [Company Identification No.]	U31103WB1992PTC056860
TAN No.: [Tax Deduction & Collection Account No.]	CALC04131B
PAN No.: [Permanent Account No.]	AABCC3109J
Legal Form :	Private Limited Liability Company
Line of Business :	Distributor of Electronics Products.
No. of Employees :	Approximately 35 (In Office)

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

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

Maximum Credit Limit :	USD 141000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject 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 :	8/1B, Chowringhee Lane, Kolkata – 700 016, West Bengal, India
Tel. No.:	91-33-30289494/ 40159494/ 40159495
Fax No.:	91-33-22520844/ 22520884
E-Mail :	avacafirm@gmail.com charcho@panoramagroup.co.in neosa@panoramagroup.co.in balaram@panoramagroup.co.in
Warehouse :	Raghunathpur, Nazrul, Islam Avenue, Kolkata - 700 059, West Bengal, India
Location :	Rented

DIRECTORS

As on 30.09.2011

Name :

Mr. Shyama Prasad Chatterjee

Designation :

Director

Address :

73, Aurobindo Road, Salkia, Howrah – 711 106, West Bengal, India

Date of Birth/Age :

01.11.1948

Date of Appointment :

01.04.2000

DIN No.:

01314557

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	U32109WB1986PTC040867	Sylvan Electronics Private Limited	Director	27-09-94	27-09-94	Active	NO
2	U51109WB1995PTC072564	Prudential Aqua Private Limited	Director	07-07-95	07-07-95	Active	NO
3	U31103WB1992PTC056860	Charchco Electronics (India) Private Limited	Director	01-04-00	01-04-00	Active	NO

Name :

Mr. Piyush Kumar Tater

Designation :

Director

Address :

10/4, Vivekananda Road, Kolkata – 700 007, West Bengal, India

Date of Birth/Age :

04.11.1981

Qualification :

BBA

Date of Appointment :

04.02.2009

DIN No.:

02561285

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	U31103WB1992PTC056860	Charchco Electronics (India) Private Limited	Director	04-02-09	04-02-09	Active	NO
2	U74999WB2007PTC117075	Panorama Display Technologies Private Limited	Director	20-09-11	20-09-11	Active	NO

Name :

Mr. Balaram Dunilal Chowdhury

Designation :

Director

Address :

CJ-286, Sector-II, Salt Lake City, Kolkata – 700 091, West Bengal, India

Date of Birth/Age :

10.10.1951

Date of Appointment :

04.04.2011

DIN No.:

00425580

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	U70101WB1986PTC040868	Neosa Electronics Private Limited	Director	18-09-97	18-09-97	-	Active	NO
2	U92412WB1998PTC086709	United Mohun Bagan Football Team Private Limited	Director	07-03-98	07-03-98	21-12-07	Active	NO
3	U51109WB1995PTC072564	Prudential Aqua Private Limited	Director	12-08-00	12-08-00	-	Active	NO
4	U70101WB1993PTC059554	Panorama Developer Private Limited	Director	31-07-02	31-07-02	-	Active	NO
5	U74140WB1999PTC088772	Genesis Event Management Services Private Limited	Director	21-11-05	21-11-05	31-03-09	Active	NO
6	U64204WB2003PTC096420	Digi Cablecomm Services Private Limited	Director	22-11-05	22-11-05	09-12-08	Active	NO
7	U51909WB1996PTC081313	Upasana Tie-up Private Limited	Director	25-04-06	25-04-06	-	Active	NO
8	U31300WB1970PLC027855	Thermofriz Insulations Limited	Director	25-04-06	25-04-06	-	Active	NO
9	U51109WB1996PTC081644	Moorya Sales Private Limited	Director	25-04-06	25-04-06	-	Active	NO
10	U01409WB2006PTC109320	Ankit Plantation Private Limited	Director	11-05-06	11-05-06	10-12-07	Active	NO
11	U70101WB2006PTC109426	Saltee Parks Private Limited	Director	03-10-06	03-10-06	-	Active	NO
12	U51109WB1996PTC077837	Dewan Exporters Private Limited	Director	22-11-06	22-11-06	10-03-08	Active	NO
13	U45400WB2007PTC117074	Panorama Enclave Private Limited	Director	11-07-07	11-07-07	13-12-07	Active	NO
14	U70109WB2011PTC157116	Blue Orchid Mansion Private Limited	Director	12-01-11	12-01-11	-	Active	NO
15	U31103WB1992PTC056860	Charchco Electronics (India) Private Limited	Director	04-04-11	04-04-11	-	Active	NO

Name :

Mr. Debajyoti Mukherjee

Designation :

Director

Address :

83A, Dr. Suresh Sarkar Road, Kolkata – 700 014, West Bengal, India

Date of Appointment :

01.04.1999

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders (Ordinary Equity Shares)	No. of Shares
Balaram Chowdhury	5960
Arun Kumar Poddar	1000
Bani Chowdhury	8762
Lata Bhattacharjee	1000
Rollatainers Niryat Private Limited, India	50000
Ramkrishna Saha	2000
Shyama Prasad Chatterjee	2000
Subrata Bhattacharjee	20000
Nishit Kumar Sinha	4000
Rita Chowdhury	11000
Panorama Electronics Private Limited, India	50000
Panorama Developers Private Limited, India	30000
Total	185722

Names of Shareholders (“A” Class Equity Shares)	No. of Shares
Jayanta Chowdhury	6500
Total	6500

As on 30.09.2011

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	15.56
Directors or relatives of directors	0.24
Other top fifty shareholders	84.20
Total	100.00

BUSINESS DETAILS

Line of Business :

Distributor of Electronics Products.

GENERAL INFORMATION

No. of Employees :

Approximately 35 (In Office)

Bankers :

v Allahabad Bank, Kolkata Main Branch, 14, India Exchange Place, Kolkata - 700 001, West Bengal, India

v Standard Chartered Bank

Facilities :

Secured Loans	31.03.2011 (Rs. in Millions)	31.03.2010 (Rs. in Millions)
Cash Credit From Allahabad Bank (Secured against Hypothecation of stock of Finished Goods and hypothecation of Book Debts and personal guarantee of the Directors)	154.005	136.513
Term Loan (Secured against hypothecation of Motor Vehicles)	2.294	2.248
Total	156.299	138.761

Unsecured Loans	31.03.2011 (Rs. in Millions)	31.03.2010 (Rs. in Millions)
Loan from Standard Chartered bank	0.516	1.615
From Body Corporates (Interest Free)	53.970	31.570
Total	54.486	33.185

Banking Relations :	--
Auditors :
Name :	Agarwal Vishwanath and Associates Chartered Accountants
Address :	7B, Dacres Lane, 1^st Floor, Kolkata - 700 069, West Bengal, India
Income-tax PAN of auditor or auditor's firm :	AAHFA4348L

CAPITAL STRUCTURE

As on 30.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
7000	“A” Class Equity Shares	Rs.1000/- each	Rs.7.000 millions
300000	Ordinary Equity Shares	Rs.10/- each	Rs.3.000 millions
	Total		Rs.10.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
6500	“A” Class Equity Shares	Rs.1000/- each	Rs.6.500 millions
185722	Ordinary Equity Shares	Rs.10/- each	Rs.1.857 millions
	Total		Rs.8.357 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		8.357	7.398	7.398
2] Securities Premium		8.637	0.000	0.000
3] Share Application Money		0.000	9.596	4.596
4] Reserves & Surplus		18.205	15.678	13.321
5] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		35.199	32.672	25.315
LOAN FUNDS
1] Secured Loans		156.299	138.761	101.159
2] Unsecured Loans		54.486	33.185	15.704
TOTAL BORROWING		210.785	171.946	116.863
DEFERRED TAX LIABILITIES		0.223	0.266	0.247
TOTAL		246.207	204.884	142.425
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		14.346	11.928	11.141
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.500	0.500	0.500
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	111.322	99.979	42.215
	Sundry Debtors	180.093	229.834	119.526
	Cash & Bank Balances	9.188	5.434	5.130
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	20.766	17.324	18.265
Total Current Assets		321.369	352.571	185.136
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	83.712	158.251	53.586
	Other Current Liabilities	3.705	0.348	0.331
	Provisions	2.591	1.516	0.435
Total Current Liabilities		90.008	160.115	54.352
Net Current Assets		231.361	192.456	130.784
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		246.207	204.884	142.425

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	995.948	959.198	586.367
		Other Income	19.451	8.985	23.934
		TOTAL (A)	1015.399	968.183	610.301
Less	EXPENSES
		Cost of Goods Sold	854.687	823.158	519.983
		Vat Paid	112.435	105.030	58.685
		Administrative Overhead	15.233	14.433	8.429
		Selling and Distribution Overhead	9.762	7.578	9.020
		TOTAL (B)	992.117	950.199	596.117
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		23.282	17.984	14.184
Less	FINANCIAL EXPENSES (D)		18.887	13.954	11.823
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		4.395	4.030	2.361
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.837	0.572	0.399
	PROFIT BEFORE TAX (E-F) (G)		3.558	3.458	1.962
Less	TAX (H)		1.031	1.101	0.468
	PROFIT AFTER TAX (G-H) (I)		2.527	2.357	1.494
Less	Expenses for earlier year		0.000	0.000	0.011
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		15.678	13.321	11.838
	BALANCE CARRIED TO THE B/S		18.205	15.678	13.321
	Earnings Per Share (Rs.)		3.21	3.19	2.00

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.25	0.24	0.24
Net Profit Margin (PBT/Sales)	(%)	0.35	0.36	0.33
Return on Total Assets (PBT/Total Assets}	(%)	1.06	0.95	1.00
Return on Investment (ROI) (PBT/Networth)		0.10	0.11	0.08
Debt Equity Ratio (Total Liability/Networth)		8.55	10.16	6.76
Current Ratio (Current Asset/Current Liability)		3.57	2.20	3.41

LOCAL AGENCY FURTHER INFORMATION

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	No
5) Type of Business	Yes
6) Line of Business	Yes
7) Promoter’s background	Yes
8) No. of employees	Yes
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

Bankers Charges Report as per Registry

Corporate identity number of the company	U31103WB1992PTC056860
Name of the company	CHARCHCO ELECTRONICS (INDIA) PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	3C, Chowringhee Lane, Kolkata – 700 016, West Bengal, India E-Mail: neosa@panoramagroup.co.in
This form is for	Modification of charge
Charge identification number of the modified	90250523
Type of charge	Immovable Property Others (Along with superstructure and immovable plant and machinery etc.)
Particular of charge holder	Allahabad Bank, Kolkata Main Branch, 14, India Exchange Place, Kolkata - 700 001, West Bengal, India E-Mail: br.kolkatamain@allahabadbank.com
Nature of description of the instrument creating or modifying the charge	Supplemental Recital for Extension
Date of instrument Creating the charge	04.03.2011
Amount secured by the charge	Rs.182.500 millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest: Interest and other charges will be paid as per terms and conditions of sanction terms of the bank, however the same is subject to change from time to time. Terms of Repayment: The working capital shall be repayable on demand whereas the term loan shall be repaid as per sanction terms of the bank. Interest is to be serviced as and when charged to the account. Margin: The borrower shall maintain appropriate margin as stipulated in the sanction terms, however the same is subject to change from time to time. Presently applicable margin is For CC:- 25% on stocks and book-debts (upto 90 days) Extent and Operation of the charge: The security created under said mortgage shall operate as continuing security and by way of first charge. The Company being Guarantor as well as mortgagor created the aforesaid mortgage by way of Simple Deposit of Title deeds in favor of the Bank to secure the due repayment of the Credit facilities as sanctioned by the said Bank to the tune of Rs.152.500 millions to Company and Rs.30.000 millions to Panorama Electronics Private Limited (The Borrower) and for no other purpose. Others: The Company hereby declares that all the charged property now existing are absolute property of and at the sole disposal of the Company and free from any prior charge or encumbrance and undertakes that all future property shall like wise be the unencumbered and absolute and disposable property of the Company. To keep insured the charged property Other terms and conditions are as per terms and conditions of above referred mortgage paper and Sanction terms of the banks.
Short particulars of the property charged	The company had created equitable mortgage by deposit of title deeds in respect of All that piece and parcel of two storied brick built building along with land measuring six cottahs seven chittaks and forty four square feet being premises no.44, Hazra Road, within the jurisdiction of Ballygunge Police Station, Kolkata-700019, Kolkata Municipal Corporation Ward No.69 comprising Holding No.176, 179 part of the Holding No. 320/323 Sub- Division-P Grant Division-VI, Dihi-Panchagram, Sub Registry Office- Alipore in the District of 24 Parganas (S) alongwith superstructure thereon. Title Deed being 04884 for the year 2003 and 5973 for the year 2005.
Particulars of the present modification	By present modification the overall limit secured by charge has been enhanced from Rs.146.000 millions to Rs.182.500 millions on extending charge over equitable mortgage of Land and Building. Charchco Electronics (India) Private Limited - Rs.152.500 millions by way of Cash Credit Panorama Electronics Private Limited - Rs.30.000 millions by way of CC and LC/BG Other terms and conditions save as modified above remain unchanged.

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.55.26
UK Pound	1	Rs.86.80
Euro	1	Rs.69.63

INFORMATION DETAILS

Report Prepared by :

SMN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--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		46

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.