MIRA INFORM REPORT

Report No. :	336175
Report Date :	11.08.2015

IDENTIFICATION DETAILS

Name :	ARISE INDUSTRIES AND AGENCY PRIVATE LIMITED (w.e.f. 11.03.2014)
Formerly Known as :	TRICHY SUMATHI STEEL ROLLING MILLS PRIVATE LIMITED
Registered Office :	54, Mettupalayam Road, Gn. Mills Post, Coimbatore – 641029, Tamilnadu
Mob. No.:	91-9003825755 (Mr. Lokesh)
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	12.03.2007
Com. Reg. No.:	18-013519
Capital Investment / Paid-up Capital :	Rs. 700.767 Million
CIN No.: [Company Identification No.]	U27310TZ2007PTC013519
TAN No.: [Tax Deduction & Collection Account No.]	CMBT05349B
PAN No.: [Permanent Account No.]	AACCT6738K
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Trader of TMT Bars and Structural’s.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (44)

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

Maximum Credit Limit :	USD 2150000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having a satisfactory track record. Reserves of the company seem to be low during 2014. However, the company has achieved profit as compared to previous year loss. However, Trade relations are reported as fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered 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, 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

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 31-03-2013.

INFORMATION DECLINED BY

Name :	Mr. Lokesh
Designation :	General Finance Manager
Contact No.:	91-9003825755
Date :	10.08.2015

LOCATIONS

Registered Office :	54, Mettupalayam Road, GN Mills Post, Coimbatore – 641029, Tamilnadu, India
Tel. No.:	91-422-2649001
Mobile No.:	91-9003825755 (Mr. Lokesh)
Fax No.:	Not Available
E-Mail :	info@arisesteel.com
Website :	http://arisesteel.com
Factory :	22/1A, Musiri – Thuraiyar Main Road, Jamunathapuram, Post Office Musiri Taluka, Trichy – 621205, Tamilnadu, India

DIRECTORS

AS ON 09.05.2014

Name :

Mr. Sandhiyagu Martin

Designation :

Director

Address :

Shalom Dwellings, 135/1, Thiruvalluvar Street, Vellakinaru Pirivu, GN Mills Post, Coimbatore - 641029, Tamil Nadu, India

Date of Birth/Age :

11.03.1962

Date of Appointment :

11.12.2013

DIN No.:

00029458

Name :

Mr. Rajendran Aadhav Arjuna

Designation :

Managing Director

Address :

8/15, Padmavathy Road, Jaipur Colony, Gopalapuram, Chennai - 600086, Tamil Nadu, India

Date of Birth/Age :

12.04.1982

Date of Appointment :

16.01.2014

DIN No.:

01815478

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	U45208TN2013PTC093573	ARISE CONSTRUCTIONS PRIVATE LIMITED	Director	06/11/2013	06/11/2013	Active	NO
2	U27310TZ2007PTC013519	ARISE INDUSTRIES AND AGENCY PRIVATE LIMITED	Managing director	16/01/2014	04/01/2014	Active	NO
3	U27205TN2014PTC094496	ARISE INDUSTRIES PRIVATE LIMITED	Director	07/01/2014	07/01/2014	Active	NO
4	U74999TN2014PTC094511	ARISE ENTERTAINMENT PRIVATE LIMITED	Director	08/01/2014	08/01/2014	Active	NO
5	U74999TN2014PTC094639	DAISY DESIGNS PRIVATE LIMITED	Director	20/01/2014	20/01/2014	Active	NO
6	U17125TZ2010PTC016109	MARTIN FABRICS AND TRADERS PRIVATE LIMITED	Director	16/03/2015	16/03/2015	Active	NO
7	U40109TN2003PTC051610	SABARI INDUSTRIES PRIVATE LIMITED	Additional director	11/05/2015	11/05/2015	Active	NO

KEY EXECUTIVES

Name :	Mr. Lokesh
Designation :	General Finance Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 09.05.2014

Names of Shareholders	No. of Shares
Sumathi Ganesan	7639720
S. Ganesan	3911000
G. Shanthakumar	3320000
X. Stephen	904733
X. Raj	999733
K. Pazhaniappan	1011033
A Senniappan	1008633
P. Thiyagarajan	1054733
S. Nirmalraj	1054733
S. Muthuselvan	956533
K. Anandhakumar	954533
C. Sathya	1063333
A Parvathi	1063333
A Panneerselvam	947733
P. Thilagavathi	963333
A Ramachandran	954733
A Lakshmanan	1047733
A Marimuthu	902733
A Chandrasekaran	950733
P. Malaiaandi	1059033
R. Jessintha	965333
D. Shanth	705233
K. Ponnammal	623333
Shanmugham	573333
D. Kalaiyarasi	558833
Manokaram	545333
Future Gaming and Hotel Services India Private Limited, India	33365593
S. Martin	971666
Total	70076738

AS ON 09.05.2014

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	47.61
Directors or relatives of directors	1.38
Other top fifty shareholders	51.01
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Trader of TMT Bars and Structural’s.

Products :

ITC Code No.	Product Descriptions
99969290	Other Gambling and Betting Services
72163100	CTD-Bars and Angles

Brand Names :

ARISE

Agencies Held :

--

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	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 (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

No. of Employees :

Not Divulged

Bankers :

Bank Name:	Not Divulged
Branch:	Not Divulged
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 A/C Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (Cc/Od/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

· City Union Bank Limited, 98, Mds Plaza, Bharathidasan Salai, Contonment, Trichy - 620001, Tamil Nadu, India

· The Karur Vysya Bank Limited, Door No.439, Magnum Towers, Dr. Nanjappa Road, Gandhipuram, Coimbatore - 641018, Tamilnadu, India

· The South Indian Bank Limited

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG-TERM BORROWINGS
Rupee term loans from banks (Secured by Equitable Mortgage over the Land and Building of the company and hypothication of all the machinery purchased out of the Term Loan and second charge over the Current Assets of the Company.)	0.000	428.403
SHORT TERM BORROWINGS
Working capital loans from banks	0.000	708.656
Total	0.000	1137.059

Banking Relations :	--
Auditors :
Name :	C. L. Raveedhar and Company Chartered Accountants
Address :	70/4, CLR Greenfield Centre, R.R Layout, R.S.Puram, Coimbatore - 641002, Tamilnadu, India
Income-tax PAN of auditor or auditor's firm :	ACCPR2009L
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	· Raja Steels Private Limited · G Nirmal Kumar Transport · G Santhakumar Transport · Best and Co. · Future Gaming Solution Private Limited
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	· Santhakumar Transport

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
82,000,000	Equity Shares	Rs. 10/- each	Rs. 820.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
70,076,738	Equity Shares	Rs. 10/- each	Rs. 700.767 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	700.767	700.767	700.767
(b) Reserves & Surplus	50.010	(593.755)	(209.602)
(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)	750.777	107.012	491.165
(3) Non-Current Liabilities
(a) Long-term borrowings	1175.980	428.403	552.469
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	24.783	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	1175.980	453.186	552.469
(4) Current Liabilities
(a) Short term borrowings	0.000	708.656	490.712
(b) Trade payables	51.697	690.617	603.909
(c) Other current liabilities	36.808	229.410	182.610
(d) Short-term provisions	0.125	0.541	18.203
Total Current Liabilities (4)	88.630	1629.224	1295.434
TOTAL	2015.387	2189.422	2339.068
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1114.471	1044.290	1098.524
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	7.087	5.784	4.962
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	34.274	81.439	16.671
(d) Long-term Loan and Advances	0.000	3.536	5.356
(e) Other Non-current assets	57.369	48.619	31.427
Total Non-Current Assets	1213.201	1183.668	1156.940
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	455.170	561.988	614.487
(c) Trade receivables	106.445	1.703	22.248
(d) Cash and cash equivalents	81.573	66.497	83.828
(e) Short-term loans and advances	0.000	0.000	449.638
(f) Other current assets	158.998	375.566	11.927
Total Current Assets	802.186	1005.754	1182.128
TOTAL	2015.387	2189.422	2339.068

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	GROSS SALES (A)	1529.142	1179.805	1448.879
Less	EXPENSES (B)	NA	NA	NA
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)	873.845	(141.439)	67.494
Less	FINANCIAL EXPENSES (D)	150.821	246.680	230.818
	PROFIT/ (LOSS BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	723.024	(388.119)	(163.324)
Less/ Add	DEPRECIATION/ AMORTISATION (F)	32.220	60.802	65.098
	PROFIT/ (LOSS BEFORE TAX (E-F) (G)	690.804	(448.921)	(228.422)
Less	TAX (H)	47.165	(64.770)	(27.915)
	PROFIT/ (LOSS AFTER TAX (G-H) (I)	643.639	(384.151)	(200.507)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	(709.795)	(325.644)	(125.137)
	BALANCE CARRIED TO THE B/S	(66.156)	(709.795)	(325.644)
	Earnings/ (Loss) Per Share (Rs.)	9.18	(5.48)	(2.86)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	0.000	184.799	163.336
Cash Generated from Operations	NA	NA	NA
Net Cash Flow from used in Operations	(604.139)	(150.063)	(148.441)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	34.99	(21.35)	(9.86)
Return on Investment (ROI) (PBT/Networth)		0.92	(4.20)	(0.47)
Debt Equity Ratio (Total Liability/Networth)		1.57	12.35	2.46
Current Ratio (Current Asset/Current Liability)		9.05	0.62	0.91

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

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	700.767	700.767	700.767
Reserves & Surplus	(209.602)	(593.755)	50.010
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	491.165	107.012	750.777
Long-term borrowings	552.469	428.403	1175.980
Short term borrowings	490.712	708.656	0.000
CURRENT MATURITIES OF LONG-TERM DEBTS	163.336	184.799	0.000
Total borrowings	1206.517	1321.858	1175.980
Debt/Equity ratio	2.456	12.352	1.566

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)
Gross Sales	1448.879	1179.805	1529.142
		(18.571)	29.610

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Gross Sales	1448.879	1179.805	1529.142
Profit	(200.507)	(384.151)	643.639
	(13.84%)	(32.56%)	42.09%

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	Yes
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	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10549983	24/03/2015 *	531,200,000.00	THE KARUR VYSYA BANK LIMITED	DOOR NO.439, MAGNUM TOWERS, DR. NANJAPPA ROAD, GANDHIPURAM, COIMBATORE - 641018, TAMILNADU, INDIA	C53228102

* Date of charge modification

UNSECURED LOANS

PARTICULARS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG-TERM BORROWINGS
Loans and advances from directors (Current Assets)	1175.980	0.000
Total	1175.980	0.000

REVIEW OF OPERATIONS

The name of the Company has been changed as the company with effect from 11.03.2014 in order to create and develop its new brand ARISE for all of its products. The Company has commenced to trade in lotteries in the states where sale of lotteries was permitted.

During the financial year ended 31.03.2014 the company has achieved a turnover of Rs 1521.900 Million and earned profit before tax of Rs 690.800 Million.

The company with additional funds from the promoters, the existing Secured Loans in the form of Term Loan and Working Capital facilities availed from City Union Bank Limited and The South Indian Bank were settled under One Time Settlement (OTS) during the financial year to make the unit viable.

CORPORATE INFORMATION:

The Company, Coimbatore [Previously know as Trichy Sumathi Steel Rolling Mills Private Limited]. hereinafter referred to as the The company is engaged in manufacture of TMT Bars and Structural’s. The company has the manufacturing facilities at SF 343/58 Musiri-Thuriyur main Road, Jambunathapuram, Mustri TK, Trich Dt, Tamilnadu. The company is also engaged in Trading activities during the year.

FIXED ASSETS:

Tangible Assets

· Land

· Buildings

· Plant and Equipment

· Furniture and Fixtures

· Vehicles

· Office Equipment

· Computer Equipments

· Leasehold Improvements

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. 63.76
UK Pound	1	Rs. 98.76
Euro	1	Rs. 69.88

INFORMATION DETAILS

Information Gathered by :	PRI
Analysis Done by :	RAS
Report Prepared by :	ARC

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	4
--RESERVES	1~10	4
--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		44

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.