MIRA INFORM REPORT

Report Date :

17.09.2013

IDENTIFICATION DETAILS

Name :	VAMSO BIOTEC PRIVATE LIMITED
Registered Office :	F 12, Adarshini Plaza, 91, Adhchini, Sri Aurbindo Marg, New Delhi-110017
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	23.09.2005
Com. Reg. No.:	55-141118
Capital Investment / Paid-up Capital :	Rs. 8.249 Millions
CIN No.: [Company Identification No.]	U74899DL2005PTC141118
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Natural, Biotechnology, Allopathic and feed supplement products useful for health and productivity needs of variety of animal species.
No. of Employees :	250 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 200000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having a satisfactory track record. The company has seen a better growth in its sales turnover during 2013. Trade relations are fair. Business is active. Payment terms 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

INDIAN ECONOMIC OVERVIEW

We are living in a world where volatility and uncertainty have become the New Normal. We saw a change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once powerful countries in Europe are now fighting for bankruptcy. We have taken growth in the developing part of the world for granted but economic growth in China and India has begun to slow. Companies that were synonymous with their product categories just a few years ago are now no longer in existence. Kodak, the inventor of the digital camera had to wind up its operations, HMV, the British entertainment retailing company and Borders, once the second largest bookstore have shut down due to their inability to evolve their business models with the changing time. Readers’ Digest, Thomson Register are no more !

There is another megatrend happening. The World order is changing as economic power shifts from West to East. According to McKinsey study, it took Britain more than 100 years to double its economic output per person during its industrial revolution and the US later took more than 50 years to do the same. More than a century later, China and India have doubled their GDP per capital in 12 and 18 years respectively. By 2020, emerging Asia will become the world’s largest consuming block, overtaking North America.

The years after the outbreak of the global financial crisis, the world economy continues to remain fragile. The Indian economy demonstrated remarkable resilience in the initial years of the contagion but finally lost ground last year. GDP growth slowed down. Currency has been weakening. There is a marked deceleration in agriculture, industry and services. Dampening sentiment led to a cut-back in investment as well as private consumption expenditure.  Inflation remained at high levels fuelled by the pressure from the food and fuel sectors. The large fiscal and current account deficit s continued to cause grave concern. It is imperative that India regains its growth trajectory of 8-9 % sooner than later. This is crucially important given the need to create gainful livelihood opportunities for the millions living in poverty as also the large contingent of young people joining the job market every year.

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.

INFORMATION PARTED BY

Name :	Mr. Sanjay Singh
Designation :	Accounts Department
Contact No.:	91-124-4380572
Date :	16.09.2013

LOCATIONS

Registered Office :	F12, Adarshini Plaza, 91, Adhchini, Sri Aurbindo Marg, New Delhi-110017, India
Tel. No.:	91-124-3265196
Fax No.:	91-124-4380572
E-Mail :	sarkar6534@gmail.com info@vamsobiotec.com
Website :	www.vamsobiotec.com
Location :	Owned
Corporate Office :	X-27/1, Shahtoot Marg, DLF Phase -1, DLF City Gurgaon, Haryana - 122 001, INDIA
Tel. No.:	91-124-3265196
Fax No.:	91-124-4380572
E-Mail :	info@vamsobiotec.com
Location :
Factory :	C-9, Sara Industrial Estate, Rampur, Chakrata Road, NH 72, Dehradun-248197, Uttaranchal, India

DIRECTORS

As on 29.09.2012

Name :

Mr. Mukesh Agarwal

Designation :

Managing director

Address :

J-3/46, DLF Phase III, Gurgaon, Haryana, India

Date of Birth/Age :

17.09.1968

Date of Appointment :

30.11.2009

DIN No.:

00251287

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	U24239DL1992PLC048964	CATTLE REMEDIES INDIA LIMITED	Managing director	29/05/1992	29/05/1992	-	Active	NO
2	U74899DL1995PTC071166	VIKARTAN INVESTMENT PRIVATE LIMITED	Director	26/07/1995	26/07/1995	-	Active	NO
3	U74899DL1997PLC087046	CRIL FINCAP PRIVATE LIMITED	Director	02/05/1997	02/05/1997	-	Active	NO
4	U74899DL1995PTC067723	ARS MARKETING SERVICES PRIVATE LIMITED	Director	12/01/2004	12/01/2004	-	Amalgamated	NO
5	U74899DL2005PTC141118	VAMSO BIOTEC PRIVATE LIMITED	Managing director	30/11/2009	23/09/2005	-	Active	NO
6	U74899DL1994PTC062369	AMBE APPARELS PRIVATE LIMITED	Director	25/11/2008	25/11/2008	-	Amalgamated	NO

Name :

Mr. Ajay Agrawal

Designation :

Director

Address :

J-4/24 DLF Phase III, Gurgaon, Haryana, India

Date of Birth/Age :

22.12.1971

Date of Appointment :

23.09.2005

DIN No.:

00251283

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	U24239DL1992PLC048964	CATTLE REMEDIES INDIA LIMITED	Director	15/05/1995	15/05/1995	-	Active	NO
2	U74899DL1997PLC087046	CRIL FINCAP PRIVATE LIMITED	Director	02/05/1997	02/05/1997	-	Active	NO
3	U74899DL1994PTC062369	AMBE APPARELS PRIVATE LIMITED	Director	13/08/2004	13/08/2004	-	Amalgamated	NO
4	U74899DL1995PTC067723	ARS MARKETING SERVICES PRIVATE LIMITED	Director	30/08/2004	30/08/2004	-	Amalgamated	NO
5	U32109DL1995PTC068210	DALMIA CAPITAL PRIVATE LIMITED	Director	25/12/2004	25/12/2004	-	Active	NO
6	U74899DL2005PTC141118	VAMSO BIOTEC PRIVATE LIMITED	Director	23/09/2005	23/09/2005	-	Active	NO

Name :

Mr. Sanjay Kumar Agrawal

Designation :

Director

Address :

Kothi No. 5, Mandir Marg, Vasant Vihar Enclave, Dehradun-248006, Uttaranchal, India

Date of Birth/Age :

09.07.1966

Date of Appointment :

25.11.2008

DIN No.:

02415867

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	U24239DL1992PLC048964	CATTLE REMEDIES INDIA LIMITED	Director	15/05/1995	15/05/1995	-	Active	NO
2	U74899DL2005PTC141118	VAMSO BIOTEC PRIVATE LIMITED	Director	25/11/2008	25/11/2008	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Sanjay Singh
Designation :	Accounts Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2012

Names of Shareholders	No. of Shares
Mukesh Agarwal	5100
Ajay Agarwal	5100
Sanjay Agarwal	100
Dr.V.P Agarwal	100
Dr.O.P Agarwal	100
Alpine (India) Private Limited, India	5000
Intelligent Share Brokers Private Limited, India	6000
Jenco Overseas Private Limited, India	10000
Millenium Agro Systems Private Limited, India	10000
Muskan Enterprises Private Limited, India	5000
Cril Fincap Private Limited, India	735925
Juno Credits and Investment Limited, India	39500
Omnipresent Credits Private Limited, India	3000
Total	824925

Equity Share Break up (Percentage of Total Equity)

As on 29.09.2012

Category	Percentage
Bodies corporate	98.73
Directors or relatives of Directors	1.27
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Natural, Biotechnology, Allopathic and feed supplement products useful for health and productivity needs of variety of animal species.
Exports :
Products :	Finished Goods
Countries :	· Chile · Zambia · Colombia · Nepal · Bangladesh · Taiwan · Turkey · Nigeria
Terms :
Selling :	L/C and Credit
Purchasing :	L/C and Credit

GENERAL INFORMATION

Customers :

End Users

No. of Employees :

250 (Approximately)

Bankers :

Punjab National Bank, BO : High Value Branch, The Plaza Mall, M.G. Road,, Gurgaon - 122002, Haryana, India

Facilities :

Secured Loan	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
Long-term Borrowings
Term Loan with PNB Bank	3.017	5.371
Total	3.017	5.371

Banking Relations :	--
Auditors :
Name :	Ajeet Jalan and Company Chartered Accountants
Address :	301, Vikas Tower, Paschim Vihar, New Delhi – 110063, India
Tel. No.:	91-11-25256895
Fax No.:	91-11-25277895
E-Mail :	info@caajc.com jalanajeet@caajc.com
Website:	www.caajc.com
PAN N Income-tax PAN of auditor or auditor's firm :	ACHPJ1906D
Concerns in which Key Management Personnel or their relatives are interested:	· Cattle Remedies · CRIL Fincap Private Limited · Cattle Remedies India Limited · Vikartan Investment Private Limited

CAPITAL STRUCTURE

As on 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs. 10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
824925	Equity Shares	Rs.10/- each	Rs. 8.249 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	8.249	8.249
(b) Reserves & Surplus	40.843	33.935
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	49.092	42.184
(3) Non-Current Liabilities
(a) long-term borrowings	12.005	13.498
(b) Deferred tax liabilities (Net)	4.265	3.765
(c) Other long term liabilities	0.741	0.700
(d) long-term provisions	0.161	0.175
Total Non-current Liabilities (3)	17.172	18.138
(4) Current Liabilities
(a) Short term borrowings	19.095	19.546
(b) Trade payables	25.671	17.104
(c) Other current liabilities	14.382	9.258
(d) Short-term provisions	1.547	1.501
Total Current Liabilities (4)	60.695	47.409
TOTAL	126.959	107.731
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	51.799	51.962
(ii) Intangible Assets	0.062	0.073
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.170	0.170
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	0.303	0.251
(e) Other Non-current assets	0.347	0.504
Total Non-Current Assets	52.681	52.960
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	17.243	17.624
(c) Trade receivables	35.861	24.300
(d) Cash and cash equivalents	5.655	2.666
(e) Short-term loans and advances	15.048	9.946
(f) Other current assets	0.471	0.235
Total Current Assets	74.278	54.771
TOTAL	126.959	107.731

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		8.249
2] Share Application Money		0.000
3] Reserves & Surplus		28.413
4] (Accumulated Losses)		(1.585)
NETWORTH		35.077
LOAN FUNDS
1] Secured Loans		16.228
2] Unsecured Loans		8.323
TOTAL BORROWING		24.551
DEFERRED TAX LIABILITIES		3.199
TOTAL		62.827
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		50.641
Capital work-in-progress		0.000
INVESTMENT		0.170
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	14.051
	Sundry Debtors	21.326
	Cash & Bank Balances	3.153
	Other Current Assets	0.000
	Loans & Advances	3.728
Total Current Assets		42.258
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	3.145
	Other Current Liabilities	27.145
	Provisions	0.537
Total Current Liabilities		30.827
Net Current Assets		11.431
MISCELLANEOUS EXPENSES		0.585
TOTAL		62.827

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	157.391	120.035	85.692
		Other Income	0.032	0.015	0.015
		TOTAL	157.423	120.050	85.707
	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL	149.903	112.711	81.143
	PROFIT BEFORE TAX		7.520	7.339	4.564
Less	TAX		0.613	0.230	1.290
	PROFIT AFTER TAX		6.907	7.109	3.274
	Earnings Per Share (Rs.)		8.37	NA	NA

Particulars	31.03.2013
Sales Turnover (Approximately)	210.800

The above information has been parted by Mr. Sanjay Singh (Accounts Department)

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	4.39	5.92	3.82
Net Profit Margin (PBT/Sales)	(%)	4.78	6.11	5.32
Return on Total Assets (PBT/Total Assets}	(%)	5.93	6.82	4.91
Return on Investment (ROI) (PBT/Networth)		0.15	0.17	0.13
Debt Equity Ratio (Total Debt /Networth)		0.63	0.78	0.70
Current Ratio (Current Asset/Current Liability)		1.22	1.16	1.37

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	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last four 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	Yes
20]	Export / Import details (if applicable)	Yes
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	Yes

UNSECURED LOAN

PARTICULARS	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
Long-term Borrowings
Loans & Advances from Related Parties	8.988	8.126
Short-term borrowings
Cash Credit with PNB	19.095	19.306
Loans & Advances from Related Party	0.000	0.240
Total	28.083	27.672

FINANCIAL PERFORMANCE 

The Company has registered gross revenue of Rs.157.424 Millions during the financial year. This is also to inform you that the company is trying its best to explore new avenues for augmenting the resources of the company and adding various new product profiles to its existing line of products. The brief data of the financial statement is reproduced hereunder for the review:

Thus it is evident from the above that the Company has registered a higher amount of turnover and has earned comparatively higher amount of profit after providing for taxes.

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10102954	28/03/2011 *	1,200,000.00	PUNJAB NATIONAL BANK	BO : HIGH VALUE BRANCH, THE PLAZA MALL, M G ROAD, GURGAON, HARYANA - 122002, INDIA	B12726212
2	10062346	14/03/2013 *	30,000,000.00	PUNJAB NATIONAL BANK	BO : HIGH VALUE BRANCH, THE PLAZA MALL, M.G. ROAD, GURGAON, HARYANA - 122002, INDIA	B73007817
3	10063745	13/07/2007	20,000,000.00	PUNJAB NATIONAL BANK	HIGH VALUE BRANCH, THE PLAZA MALL, M.G. ROAD, GURGAON, HARYANA - 122002, INDIA	A20540951

Note: * Date of charge modification

FIXED ASSETS

Tangible Assets

· Land

· Air Conditioner

· Building

· Cellular

· Car

· Computer

· DG Set

· Electrical Fittings

· Furniture and Fittings

· Generator

· Machinery

· Moulds and Dyes

· Office equipment

· Printing Cylinder

· Safety and Security Devices

Intangible Assets

· Software

· Trade Mark and Patent

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 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.62.48
UK Pound	1	Rs.99.66
Euro	1	Rs.83.50

INFORMATION DETAILS

Information Gathered by :	PLK
Report Prepared by :	KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
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	4
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		45

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.