MIRA INFORM REPORT

Report Date :

14.04.2014

IDENTIFICATION DETAILS

Name :	KOTHARI PHARMA TECHNOLOGIES PRIVATE LIMITED [w.e.f. 25.09.2013]
Formerly Known As :	PRECIKOT PHARMA PRIVATE LIMITED
Registered Office :	601, Hari Vijay Society, Bhagat Singh Road, Vile Parle (West), Mumbai-400056, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	16.08.2004
Com. Reg. No.:	11-148014
Capital Investment / Paid-up Capital :	Rs.2.000 Millions
CIN No.: [Company Identification No.]	U29297MH2004PTC148014
TAN No.: [Tax Deduction & Collection Account No.]	MUMK23719D
PAN No.: [Permanent Account No.]	AADCP4603L
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Pharmaceutical Machinery.
No. of Employees :	100 [Approximately]

RATING & COMMENTS

MIRA’s Rating :

Ba (48)

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

Maximum Credit Limit :	USD 59600
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered for normal 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 – December 1, 2013

Country Name	Previous Rating (30.09.2013)	Current Rating (01.12.2013)
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

India’s current account deficit for the fiscal third quarter ended September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in exports and moderation in gold imports. Manufacturing activity and new orders in India showed their strongest growth in a year in February. The news comes as a relief after data showed Asia’s third largest economy grew by a slower-than-expected 4.7 % annually in the three months through December. The HSBC Manufacturing Purchasing Managers’ Index which gauges the business activity of India’s factories but not its’ utilities, rose to 52.5 in February, its highest in a year from 51.4 in January. Overall new orders for factory goods which rose to a one-year high of 54.9 contributed to the surge. China has emerged as India’s biggest trading partner in the current financial year replacing the United Arab Emirates and pushing it to the third spot. India-China trade has reached $49.5 billion with a 8.7 % share in India’s total trade. The US comes second at $46 billion with 8.1 % share during the first nine months of the current financial year.

The Reserve Bank of India has granted an additional nine months to the public to exchange currency notes printed before 2005 including Rs 500 and Rs 1,000 denominations, pushing the deadline to January 1, 2015. A day before dates for the Lok Sabha polls were announced, the government decided to hike interest rates on fixed deposit schemes offered by post offices up to 0.2 per cent. The new rates will be effective April, 1. The Supreme Court will resume hearing on March, 11 Nokia’s appeal against a ruling over transferring ownership of its local mobile phones plant which is the subject of a tax dispute to Microsoft Corp.

In the last days of the current Government, another scam has surfaced. The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The Central Bureau of Investigation will look into allegations that over $80 million was paid in kickbacks in a deal signed in 2011. India has asked Boeing Co. to find a solution for problems with state-owned Air India’s 787 Dreamliners. The aircraft has experienced a series of malfunctions since its debut in 2011.

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. Rohit Shah
Designation :	Senior Accountant
Contact No.:	91-250-2457011
Date :	12.04.2014

LOCATIONS

Registered Office :	601, Hari Vijay Society, Bhagat Singh Road, Vile Parle (West), Mumbai-400056, Maharashtra, India
Tel. No.:	Not Available
Mobile No.:	91-9920961594 [Mr. Rohit Shah]
Fax No.:	Not Available
E-Mail :	account@precikot.com
Website :	www.kotharipharma.com
Factory / Corporate Office :	Kothari House, B-1, KT Industrial park, Gauraipada, Vasai (East), Thane-401208, Maharashtra, India
Tel. No.:	91-250-6459011 to 15
Fax No.:	91-250-2457020
E-Mail :	info@precikot.com sales@precikot.com
Liaison Office in India :	Located At: · Ahmedabad · Bangalore · Hyderabad · New Delhi · Bangladesh · Malaysia

DIRECTORS

AS ON 29.09.2012

Name :

Mr. Mukund Chunilal Kothari

Designation :

Director

Address :

D-3, Hiramanek CSH Limited, Baptista Road, Vle Parle (West), Mumbai-400056, Maharashtra, India

Date of Birth/Age :

27.02.1954

Date of Appointment :

16.08.2004

Din No.:

01352367

Name :

Mr. Chandrakant Chunilal Kothari

Designation :

Director

Address :

601, Hari Vijay Society, Bhagat Singh Road, Vile Parle (West), Mumbai-400056, Maharashtra, India

Date of Birth/Age :

08.12.1959

Date of Appointment :

16.08.2004

Din No.:

01352294

Name :

Mrs. Aruna Mukund Kothari

Designation :

Director

Address :

D-3, Hiramanek CSH Limited, Baptista Road, Vle Parle (West), Mumbai-400056, Maharashtra, India

Date of Birth/Age :

20.01.1958

Date of Appointment :

16.08.2004

Din No.:

01250298

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	Company/ LLP Status	Defaulting status
1	U29290MH1994PTC082082	KOTHRI PHARMA MACHINES EQUIPMENTS PRIVATE LIMITED	Director	17-10-1994	17-10-1994	Active	NO
2	U29297MH2004PTC148014	KOTHARI PHARMA TECHNOLOGIES PRIVATE LIMITED	Director	16-08-2004	16-08-2004	Active	NO

Name :

Mrs. Meena Chandrakant Kothari

Designation :

Director

Address :

601, Hari Vijay Society, Bhagat Singh Road, Vile Parle (West), Mumbai-400056, Maharashtra, India

Date of Birth/Age :

25.09.1963

Date of Appointment :

16.08.2004

Din No.:

01352331

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	Company/ LLP Status	Defaulting status
1	U29290MH1994PTC082082	KOTHRI PHARMA MACHINES EQUIPMENTS PRIVATE LIMITED	Director	17-10-1994	17-10-1994	Active	NO
2	U29297MH2004PTC148014	KOTHARI PHARMA TECHNOLOGIES PRIVATE LIMITED	Director	16-08-2004	16-08-2004	Active	NO

Name :

Mr. Pranav Mukund Kothari

Designation :

Director

Address :

D-3, Hiramanek CSH Limited, Baptista Road, Vle Parle (West), Mumbai-400056, Maharashtra, India

Date of Birth/Age :

03.10.1978

Date of Appointment :

02.04.2008

Din No.:

02101649

KEY EXECUTIVES

Name :	Mr. Rohit Shah
Designation :	Senior Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2012

Names of Shareholders	No. of Shares	% of Holding
Mukund Chunilal Kothari	50000	25.00
Chandrakant Chunilal Kothari	50000	25.00
Aruna Mukund Kothari	50000	25.00
Meena Chandrakant Kothari	50000	25.00
TOTAL	200000	100.00

AS ON 29.09.2012

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Pharmaceutical Machinery.
Exports :
Products :	Finished Goods
Countries :	· Bangladesh · Malaysia · Dubai
Terms :
Selling :	LC / Cheque and Credit
Purchasing :	LC / Cheque and Credit

GENERAL INFORMATION

Suppliers :

Swiss Engineering Private Limited

Customers :

Others

· Cadila Pharmaceutical Limited

No. of Employees :

100 [Approximately]

Bankers :

· HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India

· Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227,D, Nariman Point, Mumbai - 400021, Maharashtra, India

· Barclays Bank

· Citibank

Facilities :

Secured Loan	As on 31.03.2013 [Rs. in Millions]	As on 31.03.2012 [Rs. in Millions]
Short Term Borrowing
Loans Repayable on Demand from Banks	7.919	5.379
Other loans and advances
Barclays Bank PLC Loan	0.000	3.132
Kotak Mahindra Bank Limited Loan	11.262	10.000
HDFC Bank Pacing Credit, Credit Card, Car and Business Loan	4.422	1.686
TOTAL	23.603	20.197

Banking Relations :	--
Auditors :
Name :	P M Bavishi and Company Chartered Accountants
Address :	7, Round Building, 3^rd Floor, R S Sapre Marg, Kalbadevi, Mumbai-400002, Maharashtra, India
Tel No.:	91-22-22005316/2764 [Office] / 22050036 91-22-26465343 [Residential]
Fax No.:	91-22-22050036
PAN No:	AAKFM4958P
Sister Concern :	Kothari Pharma [Partnership Firm]

CAPITAL STRUCTURE

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
200000	Equity Shares	Rs.10/- each	Rs.2.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
200000	Equity Shares	Rs.10/- each	Rs.2.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	2.000	2.000	2.000
(b) Reserves & Surplus	12.903	11.162	8.062
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	14.903	13.162	10.062
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	4.070	2.670	3.984
Total Non-current Liabilities (3)	4.070	2.670	3.984
(4) Current Liabilities
(a) Short term borrowings	37.174	39.121	25.903
(b) Trade payables	76.903	39.359	43.155
(c) Other current liabilities	0.169	0.171	0.058
(d) Short-term provisions	3.698	3.144	2.792
Total Current Liabilities (4)	117.944	81.795	71.908
TOTAL	136.917	97.627	85.954
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	14.006	13.004	13.864
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	17.159	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.006	0.008	0.010
(d) Long-term Loan and Advances	0.138	0.228	0.155
(e) Other Non-current assets	20.231	14.015	12.227
Total Non-Current Assets	51.540	27.255	26.256
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	52.625	33.917	33.948
(c) Trade receivables	21.457	11.828	12.247
(d) Cash and cash equivalents	6.201	6.007	9.333
(e) Short-term loans and advances	0.360	13.326	0.314
(f) Other current assets	4.734	5.294	3.856
Total Current Assets	85.377	70.372	59.698
TOTAL	136.917	97.627	85.954

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	163.504	151.423	NA
		Other Income	1.585	1.062	NA
		TOTAL (A)	165.089	152.485	NA
Less	EXPENSES
		Cost of material consumed	116.454	93.536	NA
		Employee benefits expenses	25.394	21.180	NA
		Other expenses	33.392	27.594	NA
		Changes in inventories and finished goods, work in progress and stock in trade	(18.707)	0.031	NA
		TOTAL (B)	156.533	142.341	NA
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		8.556	10.144	NA
Less	FINANCIAL EXPENSES (D)		3.411	3.767	NA
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		5.145	6.377	NA
Less/ Add	DEPRECIATION/ AMORTISATION (F)		2.002	1.798	NA
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		3.143	4.579	4.007
Less	TAX (H)		1.400	1.420	1.250
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		1.743	3.159	2.757
	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		11.161	8.062	5.338
	BALANCE CARRIED TO THE B/S		12.904	11.161	8.062
	Earnings / (Loss) Per Share (Rs.)		8.72	15.79	--

Particulars	31.03.2014
Sales Turnover [Approximately]	142.500

Expected Sales (2014-15) : Rs.180.000 Millions.

The above information has been parted by Mr. Rohit Shah.

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	1.05	2.07	NA
Net Profit Margin (PBT/Sales)	(%)	1.92	3.02	NA
Return on Total Assets (PBT/Total Assets}	(%)	2.62	4.69	4.66
Return on Investment (ROI) (PBT/Networth)		0.21	0.35	0.40
Debt Equity Ratio (Total Debt/Networth)		2.49	2.97	2.57
Current Ratio (Current Asset/Current Liability)		0.72	0.86	0.83

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	2.000	2.000	2.000
Reserves & Surplus	8.062	11.162	12.903
Net worth	10.062	13.162	14.903
long-term borrowings	0.000	0.000	0.000
Short term borrowings	25.903	39.121	37.174
Total borrowings	25.903	39.121	37.174
Debt/Equity ratio	2.574	2.972	2.494

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)
Sales	151.423	163.504
		7.978

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)
Sales	151.423	163.504
Profit	3.159	1.743
	2.09%	1.07%

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 three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	Yes
18]	Major customers	Yes
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]	PAN of Proprietor/Partner/Director, if available	No
32]	Date of Birth 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

INDEX OF CHARGES:

S. NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10480142	21/01/2014	11,400,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI - 400013, MAHARASHTRA, INDIA	B97415517
2	10302854	17/08/2011	12,500,000.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA	B19052422
3	10264837	06/04/2011 *	15,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI - 400013, MAHARASHTRA, INDIA	B10252278

* Date of charge modification

Unsecured Loan	As on 31.03.2013 [Rs. in Millions]	As on 31.03.2012 [Rs. in Millions]
Short Term Borrowing
Loans and Advances From Related Parties	13.571	18.924
TOTAL	13.571	18.924

FIXED ASSETS:

· Land

· Building

· Factory Premises

· Vehicles

· Computer and Printer

· Furniture and Fixtures

· Goodwill

· Mining Rights

· Licenses and Franchise

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.60.27
UK Pound	1	Rs.101.10
Euro	1	Rs.83.74

INFORMATION DETAILS

Information Gathered by :	HTL
Analysis Done by :	RAS
Report Prepared by :	TPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	4
--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	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		48

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.