MIRA INFORM REPORT

Report No. :	317711
Report Date :	20.04.2015

IDENTIFICATION DETAILS

Name :	MOONLIGHT AUTO PRIVATE LIMITED

Registered Office :	C 102/ 105 Focal and Point, Phase 5, Ludhiana-141010, Punjab
Tel. No. :	91-161-2672294

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	20.01.1989

Com. Reg. No.:	16-009000

Capital Investment / Paid-up Capital :	Rs. 1.850 Million

CIN No.: [Company Identification No.]	U34300PB1989PTC009000

IEC No.:	Not Available

TAN No.: [Tax Deduction & Collection Account No.]	JLDM02410C/ JLDM00965G

PAN No.: [Permanent Account No.]	AABCM1202A

Legal Form :	Private Limited Liability Company

Line of Business :	Manufacturer of Auto Parts.

No. of Employees :	Information declined by the management.

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 510000

Status :	Satisfactory

Payment Behaviour :	Usually correct

Litigation :	Clear

Comments :	The subject is an established company having a satisfactory track record. Management of the company has reported decent profitability during the year 2013-14. The company possesses decent net worth and healthy liquidity. Trade relations are fair. Business is active. Payments are reported to be usually correct. The company can be considered for normal business dealings on 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 31, 2014

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

India

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

EXTERNAL AGENCY RATING

Not Available

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 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. Vikrant
Designation :	Accountant
Contact No.:	91-161-2672294
Date :	16.04.2015

LOCATIONS

Registered Office :	C 102/ 105 Focal and Point, Phase 5, Ludhiana-141010, Punjab, India
Tel. No.:	91-161-2672294/ 2672214/ 2670214
Fax No.:	91-161-2677627
E-Mail :	accounts@moonlightstampings.com anilkapoor@moonlightstampings.com rochakbassi@moonlightstampings.com saurabhbassi@moonlightstampings.com
Website :	http://www.moonlightstampings.com

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Ghansham Bassi

Designation :

Director

Address :

35-I, Sarabha Nagar, Ludhiana – 141001, Punjab, India

Date of Birth/Age :

10.10.1955

Date of Appointment :

29.09.2001

DIN No. :

02143673

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	U34300PB1989PTC009000	MOONLIGHT AUTO PRIVATE LIMITED	Director	29/09/2001	29/09/2001	-	Active	NO
2	U28932PB2012PTC036046	Moonlight Automat Private Limited	Director	14/03/2012	14/03/2012	-	Active	NO

Name :

Mr. Prithvi Raj Bassi

Designation :

Managing Director

Address :

25-G, Sarabha Nagar, Ludhiana – 141001, Punjab, India

Date of Birth/Age :

08.02.1948

Date of Appointment :

29.09.2001

DIN No. :

02148471

Name :

Mr. Rochak Bassi

Designation :

Director

Address :

631-B, Aggar Nagar, Ludhiana – 141001, Punjab, India

Date of Birth/Age :

07.03.1976

Date of Appointment :

30.09.2005

DIN No. :

00040038

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	U51909PB1986PTC006759	MOONLIGHT TOOLS PRIVATE LIMITED	Managing director	30/09/2004	30/09/2004	-	Active	NO
2	U34300PB1989PTC009000	MOONLIGHT AUTO PRIVATE LIMITED	Director	30/09/2005	30/09/2005	-	Active	NO
3	U29220PB2014PTC038930	Moonlight Duroparts Private Limited	Director	18/09/2014	18/09/2014	-	Active	NO

Name :

Mr. Gridhari Lal Bassi

Designation :

Additional Director

Address :

43-A, Aggar Nagar, Ludhiana – 141001, Punjab, India

Date of Birth/Age :

12.12.1939

Date of Appointment :

30.09.2014

DIN No. :

02250804

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	U51909PB1986PTC006759	MOONLIGHT TOOLS PRIVATE LIMITED	Director	29/08/2005	29/08/2005	01/05/2011	Active	NO
2	U34300PB1989PTC009000	MOONLIGHT AUTO PRIVATE LIMITED	Director	30/09/2014	01/10/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Vikrant
Designation :	Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders		No. of Shares
Girdhari Lal Bassi		10000
Prithvi Raj Bassi		3100
Ghansham Bassi		2000
Manoj Kumar		10
Seema Bassi		10
Nidhi Bassi		10
Tannu Bassi		10
Nirmala Rani		10
Beeta Rani		50
Beenu Rani		50
Swaran Devi		50
Sudershna Rani		50
Robbin Bassi		10
Rochak Bassi		1525
Shallu Bassi		10
Prithvi Raj Bassi (HUF)		10
Ghansham Bassi (HUF)		10
Rama Rani		1565
Girdhari Lal Bassi (HUF)		10
Hari Chand Bassi (HUF)		10
Total		18500

As on 30.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Auto Parts.

Products :	Auto Parts

Brand Names :	Not Available

Agencies Held :	Not Available

Exports :	Not Divulged

Imports :	Not Divulged

Terms :
Selling :	Not Divulged

Purchasing :	Not Divulged

PRODUCTION STATUS (31.03.2014)

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Auto Parts		NA	NA	11082338

GENERAL INFORMATION

Suppliers :

Reference :	Aryan Steel industries
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

AS Pack and Associates
Ashtec Products
Ashoka Paint House
Caparo Maruti Limited
C E.W. Products India
Central Tool Room
Central Warehousing Corp.
Chamber of Industrial and Commercial
D S Manufacturing
Dakshin Haryana Bljli Vitran Nigam
Dawn Motor Private Limited
Dun and Bradstreet Information services Private Limited
Essar Steel India Limited

Customers :

Reference :	Ashok Leyland Nissan Vehicle Limited
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Cooper Standard Automotive
Ford India Private Limited
Mahindra Ford
Mahindra and Mahindra Limited
Swaraj Mazda
Sigma Vibraoustic (P) Limited
Samtel lndia Limited
International Tractors Limited

No. of Employees :

Information declined by the management.

Bankers :

Banker Name	State Bank of India
Branch Address	SCB, Focal Point, Ludhiana – 141010, Punjab, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

HDFC Bank
Canara Bank
ICICI Bank Limited
Punjab National Bank

Facilities :

SECURED LOANS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
LONG TERM BORROWINGS
Term Loans from Banks
HDFC Bank Limited Car Loan (BMW)	1.192	1.990
Less : Amount of Current Maturity	0.879	0.798

HDFC Bank Limited Car Loan (BMW-ll)	1.192	1.990
Less : Amount of Current Maturity	0.879	0.798

HDFC Bank Limited Car Loan (BMW)	0.000	0.679
Less : Amount of Current Maturity	0.000	0.679

Term Loans from Others
HDFC Bank Limited Car Loan (Mercedes Benz)	2.832	0.000
Less : Amount of Current Maturity	0.908	0.000
Total	2.550	2.384


Auditors :
Name :	Jain Subhash and Company Chartered Accountant
Address :	B-I-645/3, Dr. Bindraban Road, Opposite Vishnupuri Street No. 5, Civil Lines, Ludhiana-141001, Punjab, India
Tel. No.:	91-161-2445911/ 2446911
Fax No.:	91-161-2447911
PAN No.:	AADFJ3952F

Memberships :	Not Available

Collaborators :	Not Available

Other Related Parties (People over which Kay Managerial Personal are able to exercise significant influence) :	Moonlight Tools Private Limited Moonlight Auto Product Suraj Udyog

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

30000	Equity Shares	Rs. 100/- each	Rs. 3.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

18500	Equity Shares	Rs. 100/- each	Rs. 1.850 Million

FINANCIAL DATA

[all figures are in Rupees Million]

CONSOLIDATED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012

I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	1.850	1.850	1.850
(b) Reserves & Surplus	178.469	161.573	142.989
(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)	180.319	163.423	144.839

(3) Non-Current Liabilities
(a) long-term borrowings	44.559	36.020	35.569
(b) Deferred tax liabilities (Net)	0.087	0.011	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	44.646	36.031	35.569

(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	89.434	97.753	123.524
(c) Other current liabilities	46.810	40.716	49.697
(d) Short-term provisions	0.000	0.017	0.290
Total Current Liabilities (4)	136.244	138.486	173.511

TOTAL	361.209	337.940	353.919

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	66.735	56.023	52.554
(ii) Intangible Assets	0.124	0.165	0.220
(iii) Capital work-in-progress	5.997	3.198	0.553
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.310	0.310	0.310
(c) Deferred tax assets (net)	0.000	0.000	0.003
(d) Long-term Loan and Advances	1.337	0.748	0.748
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	74.503	60.444	54.388

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	38.364	35.612	47.099
(c) Trade receivables	171.187	176.064	189.868
(d) Cash and cash equivalents	20.732	18.672	21.409
(e) Short-term loans and advances	13.525	9.043	11.749
(f) Other current assets	42.898	38.105	29.406
Total Current Assets	286.706	277.496	299.531

TOTAL	361.209	337.940	353.919

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012

	TOTAL INCOME	908.412	924.440	890.327

Less	TOTAL EXPENSES	873.619	888.364	856.335

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	34.793	36.076	33.992

Less/ Add	DEPRECIATION/ AMORTISATION	9.351	8.361	7.575

	PROFIT/ (LOSS) BEFORE TAX	25.442	27.715	26.417

Less	TAX	8.545	9.132	8.677

	PROFIT/ (LOSS) AFTER TAX	16.897	18.583	17.740

	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	15.840	18.164	10.196
	TOTAL EARNINGS	15.840	18.164	10.196

	IMPORTS
	Raw Materials	7.066	4.235	5.737
	TOTAL IMPORTS	7.066	4.235	5.737

	Earnings / (Loss) Per Share (Rs.)	913.33	1004.50	959.37

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Total Income)	(%)	1.86	2.01	1.99

Return on Total Assets (PBT/Total Assets}	(%)	7.17	8.29	7.48

Return on Investment (ROI) (PBT/Networth)		0.14	0.17	0.18

Debt Equity Ratio (Total Debt/Networth)		0.25	0.22	0.25

Current Ratio (Current Asset/Current Liability)		2.10	2.00	1.73

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	1.850	1.850	1.850
Reserves & Surplus	142.989	161.573	178.469
Net worth	144.839	163.423	180.319

long-term borrowings	35.569	36.020	44.559
Short term borrowings	0.000	0.000	0.000
Total borrowings	35.569	36.020	44.559
Debt/Equity ratio	0.246	0.220	0.247

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	890.327	924.440	908.412
		3.832	(1.734)

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	890.327	924.440	908.412
Profit	17.740	18.583	16.897
	1.99%	2.01%	1.86%

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	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	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	Yes
18]	Major customers	Yes
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

INDEX OF CHARGES

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	90174653	03/03/2011 *	45,000,000.00	State Bank of India	SCB ,Focal Point, Ludhiana, Punjab - 141010, INDIA	B09891730
2	90310743	03/04/1991	960,000.00	STATE BANK OF INDIA	FOCAL POINT, LUDHIANA, Punjab, INDIA	-

* Date of charge modification

UNSECURED LOANS

PARTICULAR	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
LONG TERM BORROWINGS
From Directors
Prithvi Raj Bassi	5.858	6.126
Ghansham Bassi	0.255	0.219
Rochak Bassi	0.985	0.866

From Shareholders
Beenu Rani	4.368	3.773
Beeta Rani	5.336	6.907
Swaran Devi	0.013	0.013
Sudershana Rani	4.543	3.913
Girshari Lal Bassi	7.954	0.793
Girshari Lal Bassi (HUF)	0.552	0.475
Prithvi Raj Bassi (HUF)	3.729	3.209
Ghansham Bassi (HUF)	3.415	2.939
Tannuj Bassi	0.328	0.283
Saurabh Bassi	4.673	4.120
Total	42.009	33.636

CONTINGENT LIABILITIES:

PARTICULARS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
Claims against company not Acknowledged as Debt	8.503	8.503
Gurantees
Bank Guarantee to General Motor India Ltd Halol (Gujrat) against advance received for development of Tools & Dies against FOR kept under lien by bank	0.650	0.650
Bank Guarantee to General Motor India Ltd, Halo! (Gujrat) against advance received for development of Tools & Dies against FOR kept under lien by bank	1.580	1.580
Bank Guarantee to Ashok Leyland Nissan Vehicles Ltd, against advance received for development of Tools 8 Dies against FOR kept under lien by bank	0.600	0.600
Total	11.333	11.333

FIXED ASSETS

Air Conditioner
Building
Camera
Computers
Vehicles
Electric Fitting
Fax Machines
Furniture and Fixtures
Generators
Intercom
Lift
Plant and Machinery

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. 62.35
UK Pound	1	Rs. 93.10
Euro	1	Rs. 67.13

INFORMATION DETAILS

Information Gathered by :	NYA

Analysis Done by :	SUC

Report Prepared by :	TRU

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	5
--PROFITABILITY	1~10	4
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--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.

MIRA INFORM REPORT

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