MIRA INFORM REPORT

 

 

Report No. :

337757

Report Date :

25.08.2015

 

IDENTIFICATION DETAILS

 

Name :

SUPER ENERGIZER FITNESS AND ENTERTAINMENT PRIVATE LIMITED

 

 

Registered Office :

Stilt Level 04, Supreme Business Park, Supreme City, Behind Lake Castle and Avalon Hiranandani Gardens, Mumbai-400076, Maharashtra

Tel. No.:

91-22-41570555

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

05.08.2009

 

 

Com. Reg. No.:

11-194641

 

 

Capital Investment / Paid-up Capital :

Rs. 10.421 Million

 

 

CIN No.:

[Company Identification No.]

U92400MH2009PTC194641

 

 

IEC No.:

0309039380

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

PNES26625E

 

 

PAN No.:

[Permanent Account No.]

AANCS2791J

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject act as a fitness center service providing Gymnasium.

 

 

No. of Employees :

50 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca (14)

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having moderate track record.

 

The company possesses moderate operational performance and it has incurred huge losses from its operational activities.

 

Due to huge losses incurred over past, it has eroded net worth of the company and company has weak financial profile.

 

Business is active. Payments are reported to be slow.

 

The company can be considered for business dealings on safe and secured 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 PARTED BY (GENERAL DETAILS)

 

Name :

Mr. Rahul

Designation :

Accountant

Contact No.:

91-9769889515

Date :

22.08.2015

 

 

LOCATIONS

 

Registered Office :

Stilt Level 04, Supreme Business Park, Supreme City, Behind Lake Castle and Avalon Hiranandani Gardens, Mumbai-400076, Maharashtra, India

Tel. No.:

91-22-41570555

Mobile No.:

91-9769889515 (Mr. Rahul)

Fax No.:

91-22-41570555

E-Mail :

rahul_superfire@yahoo.com

director.powai@goldsgymindia.com

 

DIRECTORS

 

AS ON: 30.09.2014

 

Name :

Mr. Suresh Kumar Sharma

Designation :

Director

Address :

RH-B2, Plot No.19/21, Sector-18, Koparkhairne, Navi Mumbai-400703, Maharashtra, India

Date of Birth/Age :

12.01.1961

Date of Appointment :

05.08.2009

DIN No.:

00070131

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

U29299MH1995PTC089113

SUPER FIRE ENGINEERING PRIVATE LIMITED

Managing director

02/06/1995

02/06/1995

-

Active

NO

2

U99999MH1999PTC122602

INTELECORP SOFTWARE INDIA PRIVATE LIMITED

Director

09/11/1999

09/11/1999

-

Active

NO

3

U51311MH2008PTC181648

LE- DERNIER - CRI EXPORTS PRIVATE LIMITED

Director

25/04/2008

25/04/2008

-

Active

NO

4

U92400MH2009PTC194641

Super Energizer Fitness and Entertainment Private Limited

Director

05/08/2009

05/08/2009

-

Active

NO

5

U29253MH2015PTC265281

CRYPTZO ENGINEERING PRIVATE LIMITED

Director

06/06/2015

06/06/2015

-

Active

NO

 

 

Name :

Mr. Ravi Suresh Sharma

Designation :

Director

Address :

Room No. 103, Shree Karan Co-Operative Society, Sector 17, Koparkhairne,, Navi Mumbai-400703, Maharashtra, India

Date of Birth/Age :

11.12.1982

Date of Appointment :

05.08.2009

DIN No.:

01766943

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

U29299MH1995PTC089113

SUPER FIRE ENGINEERING PRIVATE LIMITED

Director

01/04/2001

01/04/2001

-

Active

NO

2

U92400MH2009PTC194641

Super Energizer Fitness and Entertainment Private Limited

Director

05/08/2009

05/08/2009

-

Active

NO

3

U29253MH2015PTC265281

CRYPTZO ENGINEERING PRIVATE LIMITED

Director

06/06/2015

06/06/2015

-

Active

NO

 

 

Name :

Mr. Deepak Sharma

Designation :

Director

Address :

Bunglow No 2, Jimmy Tower, Plot No 19-22, Sector- 18, Koparkhairne,, Navi Mumbai-400701, Maharashtra, India

Date of Birth/Age :

09.01.1984

Date of Appointment :

05.08.2009

DIN No.:

02647780

 

 

KEY EXECUTIVES

 

Name :

Sathyanarayanan Sundaresan

Designation :

Company Secretary

 

 

Name :

Mr. Rahul

Designation :

Accountant

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON: 30.09.2014

 

Names of Shareholders

No. of Shares

%age holding

Suresh Kumar Sharma

320300

30.74

Ravi Suresh Sharma

371800

35.68

Deepak Sharma

350000

33.59

 

 

 

Total

1042100

100.00

 

 

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON: 30.09.2014

 

Category

Percentage

Directors or relatives of Directors

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Subject act as a fitness center service providing Gymnasium.

 

 

Products :

Not Divulged

 

 

Brand Names :

Gold Gym

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

 

Products :

Machines

Countries :

United States of America

 

 

Terms :

 

Selling :

Cash and Cheque

 

 

Purchasing :

Cash and Cheque

 

 

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 :

Others

 

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 :

50 (Approximately)

 

 

Bankers :

Banker Name

Dombivli Nagari Sahakari Bank Limited

Branch Address

Madhukunj, Plot No. P/52, MIDC Phase II,, Sonar Pada, Kalyan-Shil Road, Dombivli (East)., Mumbai-421204, Maharashtra, 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

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Dombivli Nagari Sahakari Bank Limited

6.591

12.785

 

 

 

Total

6.591

12.785

 

Auditors :

 

Name :

Manish Ladage and Company

Chartered Accountants

Address :

107/108, Regent Chambers, Nariman Point, Mumbai-400021, Maharashtra India

Tel. No.:

91-22-42476600

Fax No.:

91-22-42476666

E-Mail :

manish@mastermindfinance.com

PAN No.:

AAAPL2634H

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Enterprise over which Key Managerial Personnel are able to exercise Significant Influence:

Super Fire Engineering Private Limited

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CAPITAL STRUCTURE

 

AS ON: 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1050000

Equity Shares

Rs.10/- each

Rs. 10.500 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1042100

Equity Shares

Rs.10/- each

Rs. 10.421 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

10.421

10.421

10.421

(b) Reserves & Surplus

(11.145)

(6.494)

(0.471)

(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)

(0.724)

3.927

9.950

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

17.826

17.500

12.530

(b) Deferred tax liabilities (Net)

1.372

0.942

0.386

(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)

19.198

18.442

12.916

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

7.268

7.102

1.269

(c) Other current liabilities

7.682

7.314

11.837

(d) Short-term provisions

1.237

0.409

0.472

Total Current Liabilities (4)

16.187

14.825

13.578

 

 

 

 

TOTAL

34.661

37.194

36.444

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

24.151

25.434

23.924

(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

0.531

0.531

0.531

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

6.138

6.310

6.705

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

30.820

32.275

31.160

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

0.000

0.422

0.218

(d) Cash and cash equivalents

3.638

4.036

4.332

(e) Short-term loans and advances

0.203

0.461

0.734

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

3.841

4.919

5.284

 

 

 

 

TOTAL

34.661

37.194

36.444

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

 

 

TOTAL REVENUE

30.635

24.334

7.793

 

 

 

 

 

Less:

EXPENSES

33.369

28.387

7.566

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION 

(2.734)

(4.053)

0.227

 

 

 

 

 

Less:

DEPRECIATION/ AMORTISATION

1.482

1.415

0.312

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

(4.216)

(5.468)

(0.085)

 

 

 

 

 

Less:

TAX

0.430

0.556

0.386

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

(4.646)

(6.024)

(0.471)

 

 

 

 

 

 

IMPORTS

 

 

 

 

Capital Goods

 NA

NA 

11.628

 

TOTAL IMPORTS

 NA

NA 

11.628

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

(4.46)

(5.78)

 NA

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

5.688

5.836

3.084

Cash generated from operations

NA

NA

NA

Net cash flow (used in) operations

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

(15.17)

(24.76)

(6.04)

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets)

(%)

(12.35)

(14.91)

(0.24)

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

5.82

(1.39)

(0.01)

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

(32.48)

5.94

1.57

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

0.24

0.33

0.39

 

 

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

10.421

10.421

10.421

Reserves & Surplus

(0.471)

(6.494)

(11.145)

Net worth

9.950

3.927

(0.724)

 

 

 

 

long-term borrowings

12.530

17.500

17.826

Short term borrowings

0.000

0.000

0.000

Current Maturities of Long-Term Debts

3.084

5.836

5.688

Total borrowings

15.614

23.336

23.514

Debt/Equity ratio

1.569

5.942

(32.478)

 

 

 

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)

Total Revenue

7.793

24.334

30.635

 

 

212.255

25.894

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Total Revenue

7.793

24.334

30.635

Profit

(0.471)

(6.024)

(4.646)

 

(6.04%)

(24.76%)

(15.17%)

 

 

 

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)

Yes

16

No. of employees

Yes

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

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

CORPORATE INFORMATION:

 

The company is engaged in the business of providing services in the field of health and fitness. It has entered into a Franchisee Agreement with Gold Gym and the business of providing services in the field of health and fitness is being done under a brand name of Gold Gym.

 

 

UNSECURED LOAN:

 

PARTICULARS

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

LONG TERM BORROWINGS:

 

 

Loans from Related Parties

11.235

4.715

 

 

 

Total

11.235

4.715

 

 

INDEX OF CHARGES:

 

S. No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10317882

04/11/2011

20,625,000.00

Dombivli Nagari Sahakari Bank Limited.

MADHUKUNJ, PLOT NO. P/52, MIDC PHASE II,, SONAR PADA, KALYAN-SHIL ROAD, DOMBIVLI (EAST)., MUMBAI, MAHARASHTRA - 421204, INDIA

B25398314

 

 

FIXED ASSETS:

 

 

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. 66.51

UK Pound

1

 Rs. 104.01

Euro

1

Rs. 76.27

 

 

INFORMATION DETAILS

 

Information Gathered by :

GYT

 

 

Analysis Done by :

KRN

 

 

Report Prepared by :

THR

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

2

PAID-UP CAPITAL

1~10

2

OPERATING SCALE

1~10

2

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

2

--PROFITABILITY

1~10

-

--LIQUIDITY

1~10

2

--LEVERAGE

1~10

2

--RESERVES

1~10

-

--CREDIT LINES

1~10

2

--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

 

14

 

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.