MIRA INFORM REPORT

 

 

Report No. :

335006

Report Date :

06.08.2015

 

IDENTIFICATION DETAILS

 

Name :

SOHAMS FOUNDATION ENGINEERING PRIVATE LIMITED 

 

 

Registered Office :

301-303, Thaper Complex, Plot No. 51, Sector 15,Above Moti Mahal Hotel, CBD Belapur, Navi Mumbai – 400 614

Tel. No.:

91-22-27574038, 27565562

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

30.06.1995

 

 

Com. Reg. No.:

11-090106

 

 

Capital Investment / Paid-up Capital :

Rs. 48.991 Million

 

 

CIN No.:

[Company Identification No.]

U45200MH1995PTC090106

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMS42751C / MUMS19648G

 

 

PAN No.:

[Permanent Account No.]

AABCS1759C

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Service Provided in Geotechnical and Foundation Engineering such as Soil Investigation, Ground Improvement, Drilling and Grouting, Rock Anchors, Micro- Piling, Soil Nailing, Piling, Band Drains.

 

 

No. of Employees :

Information declined by the management

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (30)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 280000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Exist

 

 

Comments :

Subject is an established company incorporated during the year 1995. It has a moderate record of accomplishment.

 

For the financial year 2014, the company has reported weak operational activity and incurred continuous losses.

 

The rating is constrained on account of company’s modest financial risk profile marked by modest net worth position.

 

Trade relations are reported as fair. Business is active. Payments terms are slow but correct.

 

In view of moderate financial base, the company can be considered for business dealings with some cautions.

 

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, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

EXTERNAL AGENCY RATING

 

 

Rating Agency Name

CRISIL

Rating

Long Term Bank Loan Facilities

Rating Explanation

Suspended

Date

12.09.2015

 

Reason for Suspension: Absence of requisite4 information.

 

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 31-03-2013.

 

 

INFORMATION DENIED BY

 

Name :

Mr. R.S. Sawant

Designation :

Account Manager

Contact No.:

91-22-27574038

Date :

04.08.2015

 

 

LOCATIONS

 

Registered Office :

301-3, Thaper Complex, Plot No. 51, Sector 15, CBD Belapur, Navi Mumbai – 400 614, Maharashtra, India

Tel. No.:

91-22-27574038/27565562/27560882

Fax No.:

91-22-27564944

E-Mail :

sohams@vsnl.com

Website:

www.sohams.com

 

 

DIRECTORS

 

As on 30.09.2014

 

Name :

Mr. Vitthal Vasant Vaishampayan

Designation :

Director

Address :

E-6, Shraddha Mata Society, Opposite IIIT Main Gate, Powai, Mumbai – 400076, Maharashtra, India

Date of Birth/Age :

24.08.1961

Date of Appointment :

30.06.1995

 

 

Name :

Ms. Anjali Vitthal Vaishampayan

Designation :

Director

Address :

E-6, Shraddha Mata Society, Opposite IIIT Main Gate, Powai, Mumbai – 400076, Maharashtra, India

Date of Birth/Age :

22.03.1963

Date of Appointment :

30.06.1995

 

 

KEY EXECUTIVES

 

Name :

Mr. R.S. Sawant

Designation :

Account Manager

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2014

 

SHAREHODING FILE ATTACHED

 

Equity Share Break up (Percentage of Total Equity)

 

As on 30.09.2014

 

Category

Percentage

Bodies corporate

11.81

Directors or relatives of Directors

78.31

Other top fifty shareholders

9.88

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Service Provided in Geotechnical and Foundation Engineering such as Soil Investigation, Ground Improvement, Drilling and Grouting, Rock Anchors, Micro- Piling, Soil Nailing, Piling, Band Drains.

 

 

Products :

Not Available

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

PRODUCTION STATUS NOT AVAILABLE

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

Information declined by the management

 

 

Bankers :

Bank Name

State Bank of India

Branch

Konkan Bhavan Branch, CIDCO Bhavan (South Wing),  CBD Belapur, Navi Mumbai, Maharashtra - 400614, 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

 

 

Facilities :

(Rs. In Million)

SECURED LOAN

As on

31.03.2013

As on

31.03.2012

LONG TERM BORROWING

 

 

Term loan from bank

(Secured by first charge on specific equipment acquired. Coilateral security is provided in form of office property at Navi Mumbai and Vishakhapatnam, Personal property of directors and personal share pledged by director )

102.273

2.054

As per the reschdulment scheme approved by SBI in June 2013, the revised borrowing arrangement is as under:

 

 

-WCTL of Rs. 77.000 Million for tenure of 84 months with moratorium of 24 months and interest rate revised to 12.80%p.a.

 

 

-FITL of Rs. 08.400 Million for the tenure of 48 months with moratorium of 12 ,months and the rate of interest shall be @12.80%p.a

 

 

Term Loan From financial  Institution

3.176

0.282

SHORT TERM BORROWING

 

 

Loans repayable on demand

(Secured by hypothecation pf entire current assets, Debtor and stock, carrying interest rate of 11.75%. Collateral security is provided in form of office property at Navi Mumbai and Vishakapatnam, Personal property of director and personal shares pledged by director)

62.095

142.560

Total

167.544

144.896

 

Auditors :

 

Name :

Joshi Gadgil and Company

Chartered Accountants

Address :

6, Panchali Chs, 2nd Floor Sambhaji Path, Vishnu Nagar, Naupada, Thana (West), Thana - 400602, Maharashtra, India

Mobile No.:

91-9820290113

Fax No.:

91-22-25397313

E-Mail :

hrishikesh@joshigadgilco.in

PAN N Income-tax PAN of auditor or auditor's firm :

AAJFJ8961A

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

As on 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

11000000

Equity Shares

Rs.10/- each

Rs. 110.000 Million

 

 

 

 

 

Issued & Subscribed Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

5058478

Equity Shares

Rs.10/- each

Rs. 50.585 Million

 

 

 

 

 

Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

4899109

Equity Shares

Rs.10/- each

Rs. 48.991 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

 

ABRIDGED BALANCE SHEET

 

 

SOURCES OF FUNDS

 

31.03.2014

31.03.2013

31.03.2012

I.        EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

48.991

48.991

48.991

(b) Reserves & Surplus

52.305

99.743

129.799

(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)

101.296

148.734

178.790

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

105.449

2.336

19.191

(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

0.000

0.000

0.000

Total Non-current Liabilities (3)

105.449

2.336

19.191

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

74.747

152.412

158.077

(b) Trade payables

69.867

87.783

118.825

(c) Other current liabilities

15.672

31.042

32.318

(d) Short-term provisions

5.314

4.621

4.018

Total Current Liabilities (4)

165.600

275.858

313.238

 

 

 

 

TOTAL

372.345

426.928

511.219

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

44.380

68.951

117.655

(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

0.000

0.000

0.000

(b) Non-current Investments

17.492

17.492

17.492

(c) Deferred tax assets (net)

46.587

38.074

23.478

(d)  Long-term Loan and Advances

19.478

19.150

15.573

(e) Other Non-current assets

 

 

 

Total Non-Current Assets

127.937

143.667

174.198

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

23.428

24.611

15.816

(c) Trade receivables

173.603

201.983

257.871

(d) Cash and cash equivalents

3.438

15.072

26.111

(e) Short-term loans and advances

42.820

40.751

35.521

(f) Other current assets

1.119

0.844

1.702

Total Current Assets

244.408

283.261

337.021

 

 

 

 

TOTAL

372.345

426.928

511.219

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

66.450

118.434

372.934

 

Other Income

 N.A

 N.A

2.156

 

TOTAL (A)

N.A

N.A

375.090

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

 

 

148.065

 

Personal Expenses

 

 

20.240

 

Other expenses

 

 

129.743

 

TOTAL

 

 

298.048

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

 

 

77.042

 

 

N.A

N.A

 

Less

FINANCIAL EXPENSES

 

 

27.104

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

 

 

49.938

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

 

 

55.940

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

(55.951)

(44.652)

(6.002)

 

 

 

 

 

Less

TAX

1.414

(10.805)

(2.134)

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

(57.365)

(33.847)

(3.868)

 

 

 

 

 

 

IMPORTS

 

 

 

 

Raw Materials

N.A

1.336

49.108

 

Capital Goods

N.A

 0.000

9.692

 

TOTAL IMPORTS

0.000

1.336

58.800

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

 (11.70)

 (6.90)

(0.76)

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

15.672

31.041

32.317

Cash generated from operations

N.A

N.A

N.A

Net cash flow from operating activity

(14.130)

36.409

89.241

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

(86.33)

(28.58)

(1.04)

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

N.A

N.A

20.66

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

(18.15)

(12.02)

(1.28)

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

(0.55)

(0.30)

(0.03)

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.93

1.25

1.17

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.48

1.03

1.08

 

 

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

48.991

48.991

48.991

Reserves & Surplus

129.799

99.743

52.305

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.000

0.000

0.000

Net worth

178.790

148.734

101.296

 

 

 

 

long-term borrowings

19.191

2.336

105.449

Short term borrowings

158.077

152.412

74.747

Current maturities of long-term debts

32.317

31.041

15.672

Total borrowings

209.585

185.789

195.868

Debt/Equity ratio

1.172

1.249

1.934

 

 

 

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

372.934

118.434

66.450

 

 

(68.243)

(43.893)

 

 

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

372.934

118.434

66.450

Profit

(3.868)

(33.847)

(57.365)

 

(1.04)%

(28.58)%

(86.33)%

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check list by info agents

Available in Report (Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

No

5

Buyer visit details

--

6

Contact numbers

Yes

7

Name of the person contacted

Yes

8

Designation of contact person

Yes

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

No

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

No

16

No. of employees

No

17

Details of sister concerns

No

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

Yes

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

Yes

32

Litigations that the firm/promoter involved in

Yes

33

Market information

--

34

Payments terms

No

35

Negative Reporting by Auditors in the Annual Report

No

 

 

LITIGATION DETAILS

High Court of Bombay

Lodging No. :

Nmsl/1318/2012

Failing Date:-

18.04.2012

Reg. No.:-

Nms/117/2012

Reg Date:-

25.04.2012

 

Main Matter

Lodging No.:-

SL/3681/2009

Reg No.:-

S/795/2010

Petitioner:-

BATLIBOI OMPEX PRIVATE LIMITED

Respondent:-

SOHAMS FOUNDATION ENGINEERING PRIVATE LIMITED 

Petn.Adv:-

SUDHAN Y AMARE (0)

 

 

District:-

MUMBAI

 

Bench:-

SINGLE

Category:-

NOTICE OF MOTION

Status:-

Transferred

Remark:-

TRANSFERRED TO THE CITY CIVIL COURT

Transfer Date:-

00/00/0000

 

 

 

UNSECURED LOAN

Particulars

As on

31.03.2014

As on

31.03.2013

SHORT TERM BORROWING

 

 

Loans from Director

12.652

9.852

Total

12.652

9.852

 

 

INDEX OF CHARGES:

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10238160

27/05/2011 *

391,700,000.00

State Bank of India

Konkan Bhavan Branch, CIDCO Bhavan (South Wing), 
CBD Belapur, Navi Mumbai, Maharashtra - 400614, IN 
DIA

B15118227

 

 

FIXED ASSETS

·         Lab Equipments

·         Office Equipments

·         Furniture and Fixtures

·         Vehicles

·         Computers and printers

·         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.63.81

UK Pound

1

Rs.99.15

Euro

1

Rs.69.31

 

 

INFORMATION DETAILS

 

Information Gathered by :

PRT

 

 

Analysis Done by :

TRI

 

 

Report Prepared by :

RKI

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

4

PAID-UP CAPITAL

1~10

4

OPERATING SCALE

1~10

3

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

3

--PROFITABILITY

1~10

3

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--RESERVES

1~10

4

--CREDIT LINES

1~10

3

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

YES

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

30

 

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

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NB

                                       New Business

 

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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.