1. Summary Information

		Country	INDIA
Company Name	RUCHA TECHNOLOGIES PRIVATE LIMITED	Principal Name 1	Mr. Umesh Martandrao Dashrathi
Status	Moderate	Principal Name 2	Mrs. Jyoti Umesh Dashrathi
		Registration #	25-128583
Street Address	102, Om Residency, 350/7, Opposite Firodia Hostel, Shivaji Nagar, Pune – 411 004, Maharashtra
Established Date	12.06.2006	SIC Code	--
Telephone#	Not Available	Business Style 1	Manufacturer
Fax #	Not Available	Business Style 2	Exporter
Homepage	www.ruchagroup.com	Product Name 1	Automobile Components
# of employees	100 (Approximately)	Product Name 2	Tooling
Paid up capital	Rs. 25,100,000/-	Product Name 3	--
Shareholders	Directors or Relatives of Directors-100%	Banking	State Bank of India
Public Limited Corp.	NO	Business Period	7 Years
IPO	NO	International Ins.	-
Public Enterprise	NO	Rating	Ca (15)
Related Company
Relation	Country	Company Name	CEO
Associates	--	RUCHA ENGINEERS PRIVATE LIMITED	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2012		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	58,382,000	Current Liabilities	34,472,000
Inventories	57,558,000	Long-term Liabilities	95,975,000
Fixed Assets	45,914,000	Other Liabilities	4,179,000
Deferred Assets	1,109,000	Total Liabilities	134,626,000
Invest& other Assets	0,000	Retained Earnings	(46,363,000)
		Net Worth	28,337,000
Total Assets	162,963,000	Total Liab. & Equity	162,963,000
Total Assets (Previous Year)	187,143,000
P/L Statement as of	31.03.2012		(Unit: Indian Rs.)
Sales	222,530,000	Net Profit	(6,374,000)
Sales(Previous yr)	195,798,000	Net Profit(Prev.yr)	(6,121,000)

MIRA INFORM REPORT

Report Date :

17.06.2013

IDENTIFICATION DETAILS

Name :	RUCHA TECHNOLOGIES PRIVATE LIMITED
Registered Office :	102 Om Residency, 350/7, Opposite Firodia Hostel, Shivaji Nagar, Pune – 411 004, Maharashtra
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	12.06.2006
Com. Reg. No.:	25-128583
Capital Investment / Paid-up Capital :	Rs. 25.100 Millions
CIN No.: [Company Identification No.]	U29299PN2006PTC128583
TAN No.: [Tax Deduction & Collection Account No.]	PNER08603A
PAN No.: [Permanent Account No.]	AADCR3216K
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of Automobile Components and Tooling.
No. of Employees :	100 (Approximately)

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 an established company having moderate track record. There appears huge accumulated losses recorded by the company. Profitability is under pressure. 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 – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
India	A1	A1

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

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 :	102 Om Residency, 350/7, Opposite Firodia Hostel, Shivaji Nagar, Pune – 411 004, Maharashtra, India
Tel. No.:	Not Available
Mobile No.:	91-9960900882 (Mr. Manoj Dusad)
Fax No.:	Not Available
E-Mail :	midusad@ruchagroup.com umesh@ruchagroup.com
Website :	www.ruchagroup.com
Area :	2000 sq ft
Location :	Owned
Factory :	L-23-A, MIDC Waluj, Aurangabad – 431 136, Maharashtra, India
Tel No.:	91-240-2555692/ 2564884/ 2553118
Fax No.:	91-240-2552097
E-Mail :	rtpl@ruchagroup.com
Area :	5 Acre
Location :	Owned

DIRECTORS

As on: 30.09.2012

Name :

Mr. Umesh Martandrao Dashrathi

Designation :

Director

Address :

140, Jyoti Nagar, Aurangabad – 431 005, Maharashtra, India

Date of Birth/Age :

01.06.1964

Date of Appointment :

12.06.2006

DIN No.:

00269982

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	U29299PN1997PTC018938	Rucha Engineers Private Limited	Director	01/08/1997	01/08/1997	-	Active	NO
2	U29299PN2006PTC128583	Rucha Technologies Private Limited	Director	12/06/2006	12/06/2006	-	Active	NO
3	U72200PN1996PLC144473	Vax Infradevelopers Limited	Director	23/02/2007	23/02/2007	-	Active	NO
4	U36900PN2011PLC139372	Aarnava Precision Technologies Limited	Director	29/04/2011	29/04/2011	-	Active	NO
5	U91120MH2005NPL158483	Marathwada Auto Cluster	Director	27/09/2012	18/10/2011	-	Active	NO

Name :

Mrs. Jyoti Umesh Dashrathi

Designation :

Director

Address :

140, Jyoti Nagar, Aurangabad – 431 005, Maharashtra, India

Date of Birth/Age :

18.03.1965

Date of Appointment :

12.06.2006

DIN No.:

00270103

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	U28920MH2000PTC127329	Rohit Exhaust Systems Private Limited	Director	22/06/2000	22/06/2000	-	Not Available for eFiling	NO
2	U29299PN2000PTC018939	Rohit Exhaust Systems Private Limited	Director	22/06/2000	22/06/2000	-	Active	NO
3	U29299PN2006PTC128583	Rucha Technologies Private Limited	Director	12/06/2006	12/06/2006	-	Active	NO
4	U36900PN2011PLC139372	Aarnava Precision Technologies Limited	Director	29/04/2011	29/04/2011	-	Active	NO
5	U72200PN1996PLC144473	Vax Infradevelopers Limited	Additional director	20/12/2011	20/12/2011	-	Active	NO

Name :

Mr. Shrikant Govind Sohoni

Designation :

Additional director

Address :

Plot No. 14, Aditya Nagar, Garkheda, Aurangabad – 431 005, Maharashtra, India

Date of Birth/Age :

28.02.1962

Date of Appointment :

08.08.2012

DIN No.:

05342770

KEY EXECUTIVES

Name :	Mr. Manoj Dusad
Designation :	Accounts Head

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 30.09.2012

Names of Shareholders	No. of Shares
Umesh Martandrao Dashrathi	1855000
Jyoti Umesh Dashrathi	655000
Total	2510000

Equity Share Break up (Percentage of Total Equity)

As on: 30.09.2012

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of Automobile Components and Tooling.

Products :

Item Code No. (ITC Code)	8714
Product Description	Automotive Components

GENERAL INFORMATION

No. of Employees :

100 (Approximately)

Bankers :

State Bank of India, Industrial Finance Branch, Jaggi's Building, Kranti Chowk, Aurangabad – 431 005, Maharashtra, India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2012	As on 31.03.2011
Long Term Loans
Term Loan No. 30156153467	11.671	31.379
Short Term Loans
Cash Credit Account No. 30172436774	73.875	8.139
Total	85.546	39.518

1) The Term Loan from State Bank of India is secured against hypothecation of the Plant and Machinery, Equitable Mortgage of land and Building at Plot No. L-23 A, M.I.D.C., Waluj, Aurangabad and other immovable assets purchased out of Bank's Finance. The Term loan is guaranteed by personal guarantees of the Directors of the Company. The Term Loan facility from State Bank of India is repayable in 75 installments begins from 01.05.2008.

2) (The Cash Credit facility from State Bank of India is secured by hypothecation of inventory and book debts. This facility is guaranteed by personal guarantees of the Directors of the company.)

Banking Relations :	--
Auditors :
Name :	V.S. Potdar and Company Chartered Accountants
Address :	C- 9, Beverly Estate, 852/5 and 6, Bahndarkar Institute Road, Pune – 411 004, Maharashtra, India
PAN No.:	ABQPP0877P
Associates :	· Rucha Engineers Private Limited · Rohit Exhaust Systems Private Limited · Rohit Industries (Proprietory of Mr. Umesh M. Dashrathi) · Umesh Dashrathi – Windmill (Proprietory of Mr. Umesh M. Dashrathi) · Aadeesh Service Centre · Roru Logistics · Roru Tool-Tech (Proprietory of Mrs. Jyoti U. Dashrathi)

CAPITAL STRUCTURE

As on: 30.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
9000000	Equity Shares	Rs.10/- each	Rs. 90.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2510000	Equity Shares	Rs.10/- each	Rs. 25.100 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	25.100
(b) Reserves & Surplus	(46.363)
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	49.600
(3) Non-current liabilities
(a) long-term borrowings	22.100
(b) Deferred tax liabilities (Net)	0.000
(c) Other long term liabilities	0.000
(d) long-term provisions	0.000
(4) Current liabilities
(a) Short term borrowings	73.875
(b) Trade payables	22.384
(c) Other current liabilities	12.088
(d) Short-term provisions	4.179
TOTAL	162.963
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	45.644
(ii) Intangible Assets	0.270
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	0.000
(c) Deferred tax assets (net)	1.109
(d) Long-term Loan and Advances	8.166
(e) Other Non-current assets	0.000
(2) Current assets
(a) Current investments	0.000
(b) Inventories	57.558
(c) Trade receivables	47.813
(d) Cash and cash equivalents	0.376
(e) Short-term loans and advances	1.981
(f) Other current assets	0.046
TOTAL	162.963

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		25.100	25.100
2] Share Application Money (Pending Allotment)		59.829	20.795
3] Reserves & Surplus		0.000	0.000
4] (Accumulated Losses)		(39.989)	(33.868)
NETWORTH		44.940	12.027
LOAN FUNDS
1] Secured Loans		39.518	46.917
2] Unsecured Loans		0.000	0.000
TOTAL BORROWING		39.518	46.917
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		84.458	58.944
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		55.363	67.816
Capital work-in-progress		0.000	0.000
INVESTMENT		0.000	0.000
DEFERRED TAX ASSETS		1.190	0.468
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	76.765	47.715
	Sundry Debtors	38.725	34.072
	Cash & Bank Balances	0.363	0.257
	Other Current Assets	3.718	2.588
	Loans & Advances	11.019	13.180
Total Current Assets		130.590	97.812
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	90.849	50.946
	Other Current Liabilities	5.707	49.770
	Provisions	6.129	6.476
Total Current Liabilities		102.685	107.192
Net Current Assets		27.905	(9.380)
MISCELLANEOUS EXPENSES		0.000	0.040
TOTAL		84.458	58.944

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	222.530	195.798	95.024
		Other Income
		TOTAL	222.530	195.798	95.024
	EXPENSES
		Office Expenses		190.142	94.930
		Administrative Expenses
		Advertising Expenses
		TOTAL	228.769	190.142	94.930
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		Including depreciation	5.656	0.094
	DEPRECIATION/ AMORTISATION			12.499	11.119
	PROFIT/ (LOSS) BEFORE TAX		(6.280)	(6.843)	(11.025)
Less	TAX		0.094	(0.722)	(0.926)
	PROFIT/ (LOSS) AFTER TAX		(6.374)	(6.121)	(10.099)
	Prior Period Adjustments		0.000	0.000	0.000
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(39.989)	(33.868)	(23.769)
	BALANCE CARRIED TO THE B/S		(46.363)	(39.989)	(33.868)
	EARNINGS IN FOREIGN CURRENCY		0.000	17.775	0.563
	TOTAL IMPORTS		412.341	0.000	0.000
	Earnings/ (Loss) Per Share (Rs.)		(2.53)	(2.44)	(4.02)

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	(2.86)	(3.13)	(10.63)
Return on Total Assets (PBT/Total Assets}	(%)	(3.88)	(3.68)	(6.66)
Return on Investment (ROI) (PBT/Networth)		0.22	(0.15)	(0.92)
Debt Equity Ratio (Total Debt/Networth)		3.39	0.88	3.90
Current Ratio (Current Asset/Current Liability)		0.96	1.27	0.91

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 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	Yes
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
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

UNSECURED LOAN

(Rs. in Millions)

Particulars	As on 31.03.2012	As on 31.03.2011
Mr. Umesh M Dashrathi (Huf)	10.100	0.000
Mr. Umesh M Dashrathi	0.219	0.000
Mrs. Jyoti U Dashrathi	0.110	0.000
Total	10.429	0.000

Bankers Charges Report as per Registry

Corporate identity number (CIN) or foreign company registration number of the company	U29299PN2006PTC128583
Name of the company	RUCHA TECHNOLOGIES PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	102, Om Residency, 350/7, Opposite Firodia Hostel, Shivaji Nagar, Pune – 411 004, Maharashtra, India Email-id - umesh@ruchagroup.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10049425
Type of charge	Immovable property Any interest in immovable property Book debts Movable property (not being pledge)
Particular of charge holder	State Bank of India, Industrial Finance Branch, Jaggi's Building, Kranti Chowk, Aurangabad – 431 005, Maharashtra, India Email-id - sbifbau@bom4.vsnl.net.in
Nature of instrument creating charge	Supplemental Agreement of Loan Cum Hypothecation
Date of instrument Creating the charge	30.06.2012
Amount secured by the charge	Rs. 117.500 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest DCC - 6.75% Above Base Rate Which Is Presently 10% P.A. Present Effective Rate Is 16.75 %Calculated on Daily Products At Monthly Rests Terms of Repayment DCC - on demand LC and BG as per the terms and conditions of LC and BG Margin LC - 25% BG - 25% Extent and Operation of the charge First Charge
Short particulars of the property or asset(s) charged (including complete address and location of the property)	i) Hypothecation of Present And Future Stock, Goods, Raw Material, Book - Debts, Plant And Machineries And Other Movable Assets Situated on Situated on L-23A, MIDC, Waluj, Aurangabad ii) Factory Land and Buliding of Rucha Technologies Private Limited Situated At Plot No. L-23A, MIDC, Waluj, Aurangabad And Plot Is Admeasuring 77594.02sq.Ft Having Shed Co
Date of instrument modifying the charge	30.03.2007
Particulars of the present modification	Modification of Charge By Enhancing The Limits To Rs. 117.500 millionms.

GENERAL INFORMATION

The Company is engaged in the business of manufacturing of Automobile components and Tooling The accounts of the company are prepared under the Historical Cost Convention in accordance with the generally accepted accounting principles in India and the provisions of the Companies Act, 1956 The Company is a Small and Medium Sized Company (SMC) as defined in the General Instructions in respect of Accounting Standards notified under the Companies Act' 1!156' Accordingly, the Company has complied with the Accounting Standards as applicable to a Small and Medium Sized Company'

FIXED ASSETS:

· Land

· Factory Building

· Plant and Machinery

· Dies and Fixture

· Furniture and Fixture

· Office Equipments

· Computer – Hardware

· Computer – Software

· Tools and Tackles

· Electrical Installation

· Factory Equipments

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. 57.74
UK Pound	1	Rs. 90.64
Euro	1	Rs. 77.02

INFORMATION DETAILS

Report Prepared by :

DPH

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	2
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
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.