. Summary Information

		Country	India
Company Name	UNI-COM INDIA PRIVATE LIMITED	Principal Name 1	Mr. Hemant Wadhwa
Status	Satisfactory	Principal Name 2	Mr. Harish Dhingra
		Registration #	16-032528
Street Address	SCO - 4, 1^st Floor, Puda Complex, Near Dainik Bhaskar Office, Lado Wali Road, Jalandhar – 144001, Punjab, India
Established Date	12.01.2009	SIC Code	--
Telephone#	91-172-5052409	Business Style 1	Distributor
Fax #	Not Available	Business Style 2	-
Homepage	Not Available	Product Name 1	Mobile Phones
# of employees	Not Available	Product Name 2	-
Paid up capital	9,600,000/-	Product Name 3	-
Shareholders	Directors or relatives of Directors – 100%	Banking	Bank of Baroda
Public Limited Corp.	No	Business Period	4 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	Ba (47)
Related Company
Relation	Country	Company Name	CEO
Subsidiaries :	India	Uni-Com India Sales Private Limited	-
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2012		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	371,869,000	Current Liabilities	318,929,000
Inventories	188,416,000	Long-term Liabilities	87,483,000
Fixed Assets	9,605,000	Other Liabilities	6,580,000
Deferred Assets	0,000	Total Liabilities	412,992,000
Invest& other Assets	1,900,000	Retained Earnings	149,198,000
	571,790,000	Net Worth	158,798,000
Total Assets	571,790,000	Total Liab. & Equity	571,790,000
Total Assets (Previous Year)	364,019,000
P/L Statement as of	31.03.2012		(Unit: Indian Rs.)
Sales	5,770,534,000	Net Profit	77,743,000
Sales(Previous yr)	2,989,460,000	Net Profit(Prev.yr)	45,257,000

MIRA INFORM REPORT

Report Date :

17.06.2013

IDENTIFICATION DETAILS

Name :	UNI-COM INDIA PRIVATE LIMITED
Registered Office :	SCO - 4, 1^st Floor, Puda Complex, Near Dainik Bhaskar Office, Lado Wali Road, Jalandhar – 144001, Punjab
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	12.01.2009
Com. Reg. No.:	16-032528
Capital Investment / Paid-up Capital :	Rs. 9.600 Millions
CIN No.: [Company Identification No.]	U72900PB2009PTC032528
PAN No.: [Permanent Account No.]	AABCU0525G
Legal Form :	Private Limited Liability Company
Line of Business :	Distributor of all ranges of mobile phones and other associated products.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

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

Maximum Credit Limit :	USD 635000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. Trade relations are reported as fair. Business is active. Payments are reported as usually correct. 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 – 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 :	SCO - 4, 1^st Floor, Puda Complex, Near Dainik Bhaskar Office, Lado Wali Road, Jalandhar – 144001, Punjab, India
Tel. No.:	91-172-5052409
Mobile No.:	91-9914728000 (Mr. Hemant Wadhwa)
Fax No.:	Not Available
E-Mail :	dineshgupta.cs@gmail.com, hemant@uni-com.in info@uni-com.in rupal@uni-com.in
Location :	Owned
Corporate Office :	SCO 7, 2nd Floor, Sector-17 E, Chandigarh-160017, Pubjab, India
Tel. No.:	91-172-4017741
Branch Office :	#203, Gujral Nagar, Jalandhar City, Jalandhar-144001, Pubjab, India
Tel. No.:	91-181-4629851

DIRECTORS

As on 29.09.2012

Name :

Mr. Ajit Kumar Rakheja

Designation :

Director

Address :

51, Sheed Udham Singh Nagar, Jalandhar – 144001, Punjab, India

Date of Birth/Age :

01.12.1977

Date of Appointment :

19.08.2011

PAN No.:

AFOPR4176B

DIN No.:

02144807

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	U64200PB2008PTC031842	Uni-com Constructions Private Limited	Director	16/04/2008	16/04/2008	-	Active	NO
2	U72900PB2009PTC032528	UNI-COM INDIA PRIVATE LIMITED	Director	19/08/2011	12/01/2009	-	Active	NO
3	U64200PB2010PTC033718	UNI-COM ENTERPRISES INDIA PRIVATE LIMITED	Director	14/07/2012	22/03/2010	-	Active	NO
4	U64201PB2010PTC033554	FUTURETEC INDIA PRIVATE LIMITED	Director	30/09/2011	14/05/2010	-	Converted to LLP	NO
5	U64201PB2010PTC034021	UNI-COM INDIA SALES PRIVATE LIMITED	Director	29/09/2012	14/07/2012	-	Amalgamated	NO
6	AAA-7524	FUTURETEC INDIA LLP	Designated Partner	04/01/2012	04/01/2012	-	Active	NO

Name :

Mr. Hemant Wadhwa

Designation :

Director

Address :

H. No. 1093, Sector 23 – B, Chandigarh – 160023, India

Date of Birth/Age :

01.04.1966

Date of Appointment :

12.01.2009

PAN No.:

AABPW6056B

DIN No.:

02144840

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	U64200PB2008PTC031842	Uni-com Constructions Private Limited	Director	16/04/2008	16/04/2008	16/09/2010	Active	NO
2	U72900PB2009PTC032528	UNI-COM INDIA PRIVATE LIMITED	Director	12/01/2009	12/01/2009	-	Active	NO
3	U64200PB2010PTC033718	UNI-COM ENTERPRISES INDIA PRIVATE LIMITED	Director	22/03/2010	22/03/2010	20/05/2010	Active	NO
4	U64201PB2010PTC034021	UNI-COM INDIA SALES PRIVATE LIMITED	Director	17/06/2010	17/06/2010	-	Amalgamated	NO

Name :

Mr. Harish Dhingra

Designation :

Director

Address :

3856, Sector 47 D, Chandigarh – 160014, India

Date of Birth/Age :

21.02.1959

Date of Appointment :

12.01.2009

PAN No.:

AAPPD9412N

DIN No.:

02477027

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	U72900PB2009PTC032528	UNI-COM INDIA PRIVATE LIMITED	Director	12/01/2009	12/01/2009	-	Active	NO
2	U64200PB2010PTC033718	UNI-COM ENTERPRISES INDIA PRIVATE LIMITED	Director	22/03/2010	22/03/2010	20/05/2010	Active	NO
3	U64201PB2010PTC034021	UNI-COM INDIA SALES PRIVATE LIMITED	Director	17/06/2010	17/06/2010	-	Amalgamated	NO

Name :

Mr. Tej Bahadur Singh

Designation :

Additional Director

Address :

H. No. 256, Sector D, Chandigarh, Punjab, India

Date of Appointment :

03.10.2012

DIN No.:

02933050

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	U64201PB2010PTC033554	FUTURETEC INDIA PRIVATE LIMITED	Additional director	01/02/2010	01/02/2010	-	Converted to LLP	NO
2	U72900PB2009PTC032528	UNI-COM INDIA PRIVATE LIMITED	Additional director	03/10/2012	03/10/2012	-	Active	NO

Name :

Mr. Munish Chopra

Designation :

Director

Address :

431, New Jawahar Nagar, Jalandar, Punjab, India

Date of Appointment :

29.09.2012

DIN No.:

03111751

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	U64201PB2010PTC034021	UNI-COM INDIA SALES PRIVATE LIMITED	Additional director	18/06/2010	18/06/2010	30/09/2010	Amalgamated	NO
2	U64200PB2010PTC033718	UNI-COM ENTERPRISES INDIA PRIVATE LIMITED	Additional director	30/09/2010	30/09/2010	-	Active	NO
3	U64201PB2010PTC033554	FUTURETEC INDIA PRIVATE LIMITED	Director	30/09/2011	03/01/2011	-	Converted to LLP	NO
4	U72900PB2009PTC032528	UNI-COM INDIA PRIVATE LIMITED	Director	29/09/2012	23/05/2012	-	Active	NO

MAJOR SHAREHOLDERS

As on 29.09.2012

Names of Shareholders (Equity Shares)	No. of Shares
Harish Dhingra	84000
Hemant Wadhwa	238000
Ajit Kumar Rakheja	238000
Total	560000

Names of Shareholders (Preference Share)	No. of Shares
Hari Kishan Chnigra	400000
Total	400000

Equity Share Break up (Percentage of Total Equity)

As on 29.09.2012

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Distributor of all ranges of mobile phones and other associated products.
Products :	Telecommunications Products including Mobile Phones Mobile Accessories Landline Phones IT Enables Products V Sets Radio Towers Laptops and Mobile Accessories

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

• Bank of Baroda, GT Road, Jalandhar – 144001, Punjab, India
• HDFC Bank, Branch Jalandhar
• Capital Local Area Bank Limited, Branch Gobind Niwas, 36 G. T. Road, Jalandhar – 144 001, Punjab, India
• State Bank of India Industrial Area, Sodal Road, Jalandhar City - 144004, Punjab, India

Facilities :

secured Loan	As on 31.03.2012	As on 31.03.2011
SHORT TERM BORROWING
Rupee term loan from bank	87.483	1.000
Total	87.483	1.000

Banking Relations :	-
Auditors :
Name :	Walia Jasvir and Associates Chartered Accountants
Address :	C/O Balwant Niwas, Opposite Patel Hospital, Civil Lines, Jalandhar-144001, Punjab, India
PAN.:	AAVPG4482H
Subsidiaries :	Uni-Com India Sales Private Limited CIN No.: U64201PB2010PTC034021
Other Related Parties :	Uni-Com Enterprises Private Limited

CAPITAL STRUCTURE

As on 29.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
600000	Equity Shares	Rs. 10/- Each	Rs. 6.000 Millions
500000	Preference Share	Rs. 10/- Each	Rs. 5.000 Millions
	Total		Rs. 11.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
560000	Equity Shares	Rs. 10/- Each	Rs. 5.600 Millions
400000	Preference Share	Rs. 10/- Each	Rs. 4.000 Millions
	Total		Rs. 9.600 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	9.600
(b) Reserves & Surplus	149.198
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
(3) Non-current liabilities
(a) long-term borrowings	0.000
(b) Deferred tax liabilities (Net)	0.346
(c) Other long term liabilities	0.000
(d) long-term provisions	0.000
(4) Current liabilities
(a) Short term borrowings	87.483
(b) Trade payables	313.474
(c) Other current liabilities	5.455
(d) Short-term provisions	6.234
TOTAL	571.790
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	9.605
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	1.900
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	0.000
(e) Other Non-current assets	0.000
(2) Current assets
(a) Current investments	0.000
(b) Inventories	188.416
(c) Trade receivables	262.647
(d) Cash and cash equivalents	104.927
(e) Short-term loans and advances	4.295
(f) Other current assets	0.000
TOTAL	571.790

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		10.000	10.000
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		72.152	28.518
4] (Accumulated Losses)		0.000	0.000
NETWORTH		82.152	38.518
LOAN FUNDS
1] Secured Loans		0.000	0.000
2] Unsecured Loans		1.000	5.200
TOTAL BORROWING		1.000	5.200
DEFERRED TAX LIABILITIES		0.149	0.113
TOTAL		83.301	43.831
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		3.944	2.128
Capital work-in-progress		0.058	0.000
INVESTMENT		10.978	7.329
DEFERREX TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	129.540	76.592
	Sundry Debtors	113.771	81.142
	Cash & Bank Balances	62.755	11.221
	Other Current Assets	0.000	0.000
	Loans & Advances	42.898	14.746
Total Current Assets		348.964	183.701
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	237.013	133.462
	Other Current Liabilities	21.353	4.303
	Provisions	22.352	11.675
Total Current Liabilities		280.718	149.440
Net Current Assets		68.246	34.261
MISCELLANEOUS EXPENSES		0.075	0.113
TOTAL		83.301	43.831

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	5770.534	2989.460	1998.496
		Other Income	7.604	1.895	0.488
		TOTAL	5778.138	2991.355	1998.984
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		Financial Expenses
		TOTAL	5662.465	2923.474	1960.767
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		115.673	67.881	38.217
Less/ Add	DEPRECIATION/ AMORTISATION		0.500	0.272	0.180
	PROFIT BEFORE TAX		115.173	67.609	38.037
Less	TAX		37.430	22.352	11.675
	PROFIT AFTER TAX		77.743	45.257	26.362
Less	APPROPRIATIONS		NA	0.278	0.084
	Balance Transfer To Reserve and Surplus		NA	44.979	26.278
	Earnings Per Share (Rs.)		80.98	45.26	47.07

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	1.35	1.51	1.32
Net Profit Margin (PBT/Sales)	(%)	2.00	2.26	1.90
Return on Total Assets (PBT/Total Assets}	(%)	20.21	19.16	20.47
Return on Investment (ROI) (PBT/Networth)		0.73	0.82	0.99
Debt Equity Ratio (Total Debt /Networth)		0.00	0.01	0.01
Current Ratio (Current Asset/Current Liability)		1.36	1.24	1.23

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	No
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	No
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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

PERFORMANCE:

During the period, there has been a remarkable increase in the income from operation. The Income from operations of the Company increased from Rs. 5770.534 Millions in the previous year to Rs. 2989.460 Millions in the current year, thereby resulting into an increase of 93.02%.

The Profit before taxes also increased significantly to Rs. 115.173 Millions in the current year as compared to Rs. 67.768 Millions in the previous year. The Net Profit after taxes is Rs. 77.743 Millions for the year ended March 31, 2012 as compared to Rs. 44.980 Millions for the year ended March 31, 2011, showing an increase of 72.83%. The Company expects to show even better results during the current year.

The Paid-up capital of the Company has been decreased to Rs 9.600 Millions in the current year from Rs. 10.000 Millions in the previous year because of redemption of preference shares of Rs .0.4 Millions. Consequently, the Net Worth of the Company increased to Rs. 158.798 Millions as on March 31, 2012 as compared to Rs. 82.077 Millions as on March 31, 2011.

FIXED ASSETS:

· Plant and Machinery

· Computer

· Fan

· Projector

· Air Conditioner

· Electronic Weighting Machine

· Office Renovation

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 :

VNT

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	6
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		47

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.