MIRA INFORM REPORT

Report Date :

06.11.2012

IDENTIFICATION DETAILS

Name :	PRECISE CHEMIPHARMA PRIVATE LIMITED

Registered Office :	"Malwa" Unit No. 108, E. S. Patanwala Industrial Estate, L. B. S. Marg, Ghatkopar (West), Mumbai – 400086, Maharashtra

Country :	India

Financials (as on) :	31.03.2010

Date of Incorporation :	09.11.1993

Com. Reg. No.:	11-075033

Capital Investment / Paid-up Capital :	Rs.0.500 Million

CIN No.: [Company Identification No.]	U24110MH1993PTC075033

TAN No.: [Tax Deduction & Collection Account No.]	MUMP14357A

PAN No.: [Permanent Account No.]	AAACP3180F

Legal Form :	Private Limited Liability Company

Line of Business :	Manufacturers of Bulk Drugs and Pharmaceutical Item.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (32)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 410000

Status :	Moderate

Payment Behaviour :	Unknown

Litigation :	Clear

Comments :	Subject is an established company having moderate track record. The management have not filed its financial detail for the year 2010-2011 and 2011-2012 with the government department. However, from the previous year track record the company appears to be good. Trade relations are reported to be fair. Business is active. Payments are reported to be unknown. The company can be considered for business dealing 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 – June 30, 2012

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

India

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	Long Term Bank Facility = BB+
Rating Explanation	Having moderate risk of default regarding timely servicing of financial obligation
Date	May 2012

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 :	"Malwa" Unit No. 108, E. S. Patanwala Industrial Estate, L. B. S. Marg, Ghatkopar (West), Mumbai – 400086, Maharashtra, India
Tel. No.:	91-22-25006300 / 25002131/ 65222145 / 25000517
Mobile No.:	91-9820641112
Fax No.:	91-22-25000416
E-Mail :	admin@precisechemi.com precise@bom2.vsnl.net.in admin@precisechemipharma.com pravin@precisechemipharma.com corporate@precisechemipharma.com
Website :	http://www.precisechemipharma.com
Area :	772 sq. ft.
Location :	Rented

Factory 1 :	C-384, T.T.C Industrial Area, Village Pawne, Navi Mumbai – 400703, Maharashtra, India
Tel. No.:	91-22-65251416
Fax No.:	91-22-27617550
Area :	1000 sq. mt.
Location :	Rented

Factory 2 :	C-409, T.T.C Industrial Area, Opposite Mack Springs, Belapur Road, Turbhe, Navi, Mumbai – 400703, Maharashtra, India
Tel. No.:	91-22-27635662
Area :	600 sq. mt
Location :	Rented

Factory 3 :	Plot No. D-90/3, Turbhe, M.I.D.C., T.T.C. Industrial Area, Navi Mumbai – 400 703, Maharashtra, India

Factory 4 :	Gut No. 215/1, 215/2, Khatwad Phata, At Post Talegaon, Taluka Dindori, District: Nashik - 422 202, Maharashtra, India

DIRECTORS

As on 30.09.2010

Name :

Mr. Pravin Virajlal Shah

Designation :

Director

Address :

102, Neelkanth Niketan, Kirani Lane, Ghatkopar [West], Mumbai – 400086, Maharashtra, India

Date of Birth/Age :

19.01.1949

Qualification :

F. Y. B.Com

Date of Appointment :

19.11.1993

DIN No.:

01678880

Pan No.:

AAFPS8644O

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	U24110MH1993PTC075033	PRECISE CHEMIPHARMA PRIVATE LIMITED	Managing director	19-11-93	19-11-93	-	Active	NO
2	U24230MH2005PTC152453	PRECISE BIO PHARMA PRIVATE LIMITED	Director	06-04-05	06-04-05	-	Active	NO
3	U21098MH2012PTC230639	PACKETEER PRIVATE LIMITED	Director	04-05-12	04-05-12	-	Active	NO

Name :

Mr. Pranay Pravin Shah

Designation :

Director

Address :

102, Neelkanth Niketan, Kirani Lane, Ghatkopar [West], Mumbai – 400086, Maharashtra, India

Date of Birth/Age :

03.07.1979

Qualification :

B. Com

Date of Appointment :

02.04.1997

DIN No.:

02657734

Pan No.:

ACWPS2353J

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	U24110MH1993PTC075033	PRECISE CHEMIPHARMA PRIVATE LIMITED	Director	02-04-97	02-04-97	-	Active	NO
2	U24230MH2005PTC152453	PRECISE BIO PHARMA PRIVATE LIMITED	Director	06-04-05	06-04-05	-	Active	NO
3	U21098MH2012PTC230639	PACKETEER PRIVATE LIMITED	Director	04-05-12	04-05-12	-	Active	NO

Name :

Mr. Mehul Pravin Shah

Designation :

Director

Address :

102, Neelkanth Niketan, Kirani Lane, Ghatkopar [West], Mumbai – 400086, Maharashtra, India

Date of Birth/Age :

29.07.1976

Qualification :

B. Sc.

Date of Appointment :

26.09.1994

DIN No.:

02657748

Pan No.:

AACPS0989A

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	U24110MH1993PTC075033	PRECISE CHEMIPHARMA PRIVATE LIMITED	Director	26-09-94	26-09-94	-	Active	NO
2	U24230MH2005PTC152453	PRECISE BIO PHARMA PRIVATE LIMITED	Director	06-04-05	06-04-05	-	Active	NO
3	U45400MH2011PTC217269	CONSTRUEE INFRASTRUCTURES PRIVATE LIMITED	Director	10-05-11	10-05-11	-	Active	NO
4	U15400MH2012PLC236904	SWASTH EDIBLE OILS LIMITED	Director	17-10-12	17-10-12	-	Active	NO

Name :

Mr. Sunil Sadanand Sukhthanka

Designation :

Director

Address :

Samarth Krupa, 1^st Floor, behind Plaza Cinema, Dadar, Mumbai – 400028, Maharashtra, India

Date of Birth/Age :

12.06.1961

Date of Appointment :

01.04.2000

DIN No.:

03148373

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2010

Names of Shareholders		No. of Shares
Pravin Virajlal Shah		2500
Ila Pravin Shah		510
Mehul Pravin Shah		945
Pranay Pravin Shah		945
Sunil Sadanand Sukhthanka		100
Total		5000

As on 21.03.2011

Names of Allottee		No. of Shares Allotted
Pravin Virajlal Shah		40000
Pranay Pravin Shah		40000
Mehul Pravin Shah		40000
Total		120000

As on 30.09.2010

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturers of Bulk Drugs and Pharmaceutical Item.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· ING Vysya Bank Limited, Shop No.1,2,3 and 4,Manju Apartments, R.B Metha Marg, Ghatkopar (East), Mumbai - 400077, Maharashtra, India

· Corporation Bank, 1 Raman Smruti ,Karani Road, Near Telephone Exchange, Ghatkopar (West), Mumbai - 400086, Maharashtra, India

· ICIC Bank Limited

· Kotak Mahindra Bank

· Bank of Baroda

· Bank of India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2010	As on 31.03.2009
Bank Loan (Term Loan)	49.974	23.226
Bank Loan (PCL Loan)	5.586	10.928
Bank Loan	22.549	21.679
Foreign Bill Discounting	9.714	6.372
ICICI Car Loan (Innova)	0.155	0.348
Car Loan (Linea)	0.775	0.000
Kotak Mahindra (Motor Car Loan)	0.200	0.380
ICICI Car Loan (Honda Civic)	0.000	0.286
Bank of Baroda (Hongkong)	3.442	5.007
Bank of India (Tokyo)	0.000	2.285
Bank of India (Hongkong)	0.000	3.498
Total	92.395	74.009

Unsecured Loan	As on 31.03.2010	As on 31.03.2009
Form Director
Pravin V. Shah	4.184	3.385
Mehul P. Shah	6.392	4.970
Pranay P. Shah	4.093	3.894
Dr. Sukhankar	0.385	0.809
From Others
ILA P. Shah	0.917	2.115
Rachna M. Shah	0.186	0.397
Gauri P. Shah	1.015	1.146
Pravin V. Shah (HUF)	0.817	0.738
Total	17.989	17.454


Banking Relations :	--

Auditors :
Name :	N. V. Joshi and Company Chartered Accountants
Address :	110, Sujata Chambars, Masjid Bunder, Mumbai, Maharashtra, India
Tel. No.:	91-22-65715680/ 23432554
PAN.:	AAAPD7852P

CAPITAL STRUCTURE

After 30.09.2010

Authorised Capital :

No. of Shares	Type	Value	Amount

125000	Equity Shares	Rs.100/- each	Rs.12.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

125000	Equity Shares	Rs.100/- each	Rs.12.500 Millions

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount

125000	Equity Shares	Rs.100/- each	Rs.12.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

5000	Equity Shares	Rs.100/- each	Rs.0.500 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		0.500	0.500	0.500
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		102.556	63.199	48.809
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		103.056	63.699	49.309
LOAN FUNDS
1] Secured Loans		92.395	74.009	37.193
2] Unsecured Loans		17.989	17.454	10.804
TOTAL BORROWING		110.384	91.463	47.997
DEFERRED TAX LIABILITIES		0.862	0.865	0.906

TOTAL		214.302	156.027	98.212

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		123.141	59.901	24.840
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	57.858	56.285	44.299
	Sundry Debtors	103.341	79.491	61.046
	Cash & Bank Balances	2.082	1.150	0.995
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	40.786	35.648	25.442
Total Current Assets		204.067	172.574	131.782
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	79.582	50.275	40.173
	Other Current Liabilities	0.110	0.969	0.100
	Provisions	38.868	25.361	18.137
Total Current Liabilities		118.560	76.605	58.410
Net Current Assets		85.507	95.969	73.372

MISCELLANEOUS EXPENSES		0.118	0.157	0.000

Pre-Operative Expanses		5.536	0.000	0.000

TOTAL		214.302	156.027	98.212

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Turnover		261.726	186.631
		Other Income		NA	NA
		TOTAL		NA	NA

Less	EXPENSES
		Office Expenses
		Administrative Expenses		64.470	151.644
		Advertising Expenses	NA
		TOTAL		64.470	151.644

	PROFIT BEFORE TAX			22.042	18.124

Less	TAX			7.693	6.688

	PROFIT AFTER TAX			14.349	11.436

	Earnings Per Share (Rs.)		NA	2.87	2.29

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
Return on Total Assets (PBT/Total Assets}	(%)	NA	9.48	11.57

Return on Investment (ROI) (PBT/Networth)		NA	0.35	0.37

Debt Equity Ratio (Total Liability/Networth)		2.22	2.64	2.16

Current Ratio (Current Asset/Current Liability)		1.72	2.25	2.26

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	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	Yes
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last two years	Yes
12]	Profitability for last two 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	No
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

Bankers Charges Report as per Registry

Corporate identity number of the company	U24110MH1993PTC075033
Name of the company	PRECISE CHEMIPHARMA PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	"Malwa" Unit No. 108, E. S. Patanwala Industrial Estate, L. B. S. Marg, Ghatkopar (West), Mumbai – 400086, Maharashtra, India admin@precisechemi.com
This form is for	Creation of charge
Type of charge	· Book debts · Movable property (not being pledge) · Floating charge
Particular of charge holder	ING Vysya Bank Limited, Shop No.1,2,3 and 4,Manju Apartments, R.B Metha Marg, Ghatkopar (East), Mumbai - 400077, Maharashtra, India vlaxman@vsnl.com
Nature of instrument creating charge	A] Facility Agreement. B] Deed of General Hypothecation [No - 1]. (Collectively constitute a single charge).
Date of instrument Creating the charge	30.06.2012
Amount secured by the charge	Rs.171.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest CC: IVBR + 2.05% p.a (present ROI as On date IVBR 10.45%). WCDL, PCFC, EBRD : As per Norms PCL and PSL: IVBR + 0.55% p.a (present ROI as On date IVBR 10.45%) BG and ILC/FLC/BC: Commission as per Norms. Terms of Repayment CC : Repayable on Demand in Lumpsum WCDL : Tenor 60 days PCL/PCFC and ILC/FLC/BC and BG : N.A. PSL/EBRD: DP/DA usance period upto 90 days. Margin CC: 25% against Raw Materials, Work in Process, Finished Goods, Book Debts. WCDL : As per Cash Credit facility PCL/PCFC : 10% PSL/EBRD : Nil ILC/FLC/BC: 15% on DP and 15% on DA, Cash Margin with due noting of lien. BG: 15% Cash Margin with due noting of lien. Extent and Operation of the charge First charge in favour of the Bank on entire Hypothecated Assets of the Company Others Cash Credit : Rs.85.000 Millions WCDL (Sublimit of CC) : Rs.42.500 Millions PCL/PCFC : Rs.45.000 Millions PSL/EBRD (Sublimit of PCL/PCFC) : Rs.45.000 Millions ILC/FLC/BC : Rs.40.000 Millions BG : Rs.1.000 Millions
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Hypothecation of all kinds of API which are already stored and to be stored from time to time in that shop premises bearing 251/1, 252/2, Khetwad Phata, Talegaon, Dindori, Nashik and Plot No.W-468, Turbhe, MIDC Navi Mumbai. Hypothecation of Book Debts of the Company.

FIXED ASSETS

Air Condition
Computer
Furniture and Fitting
Land
Motor Car
Plant and Machinery
Weghing Scale
Weghing BAL

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 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.54.08
UK Pound	1	Rs.86.69
Euro	1	Rs.69.37

INFORMATION DETAILS

Report Prepared by :

NTH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	3
--RESERVES	1~10	4
--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		32

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.

MIRA INFORM REPORT

57.858

103.341

2.082

0.000

40.786

204.067

79.582

0.110

38.868

118.560

85.507

NA

NA

2.22

1.72

Unit