MIRA INFORM REPORT

Report No. :	354523
Report Date :	14.12.2015

IDENTIFICATION DETAILS

Name :	GANNON DUNKERLEY AND COMPANY LIMITED
Registered Office :	New Excelsior Building, 3^rd Floor, A K Nayak Marg, Fort, Mumbai – 400 001, Maharashtra
Tel. No.:	91-22-22051231
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	11.03.1924
Com. Reg. No.:	11-001107
Capital Investment / Paid-up Capital :	Rs. 26.880 Million
CIN No.: [Company Identification No.]	U51109MH1924PLC001107
IEC No.:	0389013200
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACG1846P
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in Construction Activity. (Confirmed by management)
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (54)

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

Maximum Credit Limit :	USD 17000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Exist
Comments :	Subject is an old and established company incorporated in the year 1924. The Morarka group of companies and Gannon Dunkerley Holding Private Limited, hold 76.01% and 22.96%, respectively, in the equity share capital of the company. As per Registrar of Companies the date of balance sheet (i.e. financial field) is shown as 31.03.2015 but documents related to same for the financial year 2015 is not available from any sources. The rating takes into consideration strong financial risk profile of the company marked by adequate networth base along with comfortable debt level in the year 2014. Further, the company has reported marginal increase in its revenue base along with fair profit margin in the year under consideration. Trade relations are fair. Business is active. Payment terms are reported to be regular and as per commitments. In view of aforesaid, the company can be considered for business dealings with 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

Rating Agency Name	CARE
Rating	Long term bank facility : A-
Rating Explanation	Adequate of safety and low credit risk.
Date	January 21, 2015

Rating Agency Name	CARE
Rating	Short term bank facility : A2+
Rating Explanation	Strong degree of safety and low credit risk.
Date	January 21, 2015

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 31-03-2015.

LOCATIONS

Registered Office / Marketing Office :	New Excelsior Building, 3^rd Floor, A K Nayak Marg, Fort, Mumbai – 400 001, Maharashtra, India
Tel. No.:	91-22-22051231
Fax No.:	91-22-22051232
E-Mail :	gdho1@mtnl.net.in ho@gdcl.in
Website :	www.gannondunkerley.com
North Zone Offices :	Water Treatment Division B -228, Okhla Industrial Area, Phase I, New Delhi-110020, India
Tel. No.:	91-11-40589700
Fax No.:	91-11-42785612
E-Mail :	delhiwtd@gdcl.in gannonwtd@gmail.com
South Zone Offices :	HYDERABAD 6-3-1111/16, Nishath Bagh, Adj. Lane to Kirtilal Jewellers, Beside Swapna Nusring Home, Begumpet, Hyderabad - 500 016, Telangana, India Tel: 91-40 - 44456600 – 49 (50 Lines) Fax: 91-40 - 44456650 and 51 E-mail: hyderabadced@gdcl.in /gannonhyderabad@gmail.com COIMBATORE Marketing division GDC House, 94, 3rd Street, Tatabad, Coimbatore - 641 012, Tamilnadu, India Tel: 91-422 - 2495846 Fax: 91-422 - 2495846 E-mail: coimbatore@gdcl.in/coimbatore@gdcl.in  CHENNAI Liaison Offices Plot No. 1, M. k. Susheela’s Towers (2nd Floor), Jawaharlal Nehru Salai, U. R. Nagar Extn., Anna Nagar West, Chennai - 600 101, Tamilnadu, India Tel: 91-44 - 26154931 Fax: 91-44 – 26154931 Email: chennaioffice@gdcl.in
East Zone Offices :	KOLKATA SURYA MANSION 86 A, Topsia Road (South) Haute Street, 7th Floor, Kolkata – 700046, West Bengal, India Tel: 91 - 33 - 30419700/01 Fax: 91 - 33 - 30419705 E-mail: kolkataced@gdcl.in /gannonkolkata@gmail.com Material and Baggage Handling Division Flat No. N-1(Ist Floor), 16-A / 1, Earle Street, Kolkata - 700 026, West Bengal, India Tel: 91-33 - 24863345 / 24863355 / 24863405 Fax: 91-33 - 24863345 E-mail: gdmthd@gdcl.in/gdcmhd@yahoo.co.in ORISSA Rayagada Sleeper Factory Gannon Dunkerly and Company, Limited Sleeper Factory, Post Box No. 16, District and P.O. Rayagada , Orissa – 765 001, India Tel/Fax: 91-6856 – 225684 Email: rsf@gdcl.in
West Zone Offices :	MUMBAI Gannon Dunkerley and Company, Limited A-501 and 502 Business Square, 151, Andheri - Kurla Road, Chakala, Andheri (East), Mumbai - 400 093, Maharashtra, India Tel: 91-22 – 40011920 Fax: 91-22 – 40011923 E-mail: mumbaiced@gdcl.in /gannonmumbai@gmail.com Managing Director Office A-501, Business Square, 151, Andheri - Kurla Road, Chakala, Andheri (East), Mumbai - 400 093, Maharashtra, India Tel: 91-22 – 40011920 Fax: 91-22 – 40011923 E-mail: edoffice@gdcl.in /gannonmumbai@gmail.com AHMEDABAD Liaison Office 301-303, Prerna Arcade (3rd Floor), Opposite Doctor House, Near Parimal Crossing C. G. Road, Ahmedabad-380 006, Gujarat, India Tel: 91-79 - 40004747 Fax: 91-79 - 26464215 E-mail: ahmedabad@gdcl.in /gannonad@gmail.com
Overseas Offices :	Located At Libya Dubai Bahrain Abu Dhabi

DIRECTORS

As on 31.03.2015

Name :

Mr. Kartik Jayantilal Rawal

Designation :

Managing Director

Address :

401, Mayfair Sweet Heaven, Near Rasraj Hotel, Plot No 15, K.D. Road, Ville Parle (West), Mumbai-400056, Maharashtra, India

Date of Birth/Age :

30.05.1963

Date of Appointment :

10.07.2013

DIN No.:

00436076

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	U15140MH1957PLC010993	SHREE JAGDISH OIL INDUSTRIES LIMITED	Director	03/06/2004	03/06/2004	-	Active	NO
2	U51109MH1924PLC001107	GANNON DUNKERLEY AND COMPANY LIMITED	Managing director	10/07/2013	26/04/2012	-	Active	NO
3	U29100MH1978PLC020710	GANNON DUNKERLEY REALTY LIMITED	Director	27/09/2012	01/09/2012	-	Active	NO

Name :

Mr. Hiralal Pandey

Designation :

Whole-Time Director

Address :

Flat No. 51, Kalpataru Harmony, Off. Sion Circle, Adj. Sion Telephone Exchange, Road No. 29, Sion (East), Mumbai-400022, Maharashtra, India

Date of Birth/Age :

10.11.1943

Date of Appointment :

30.09.2011

DIN No.:

00460195

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	U51900MH1989PTC053443	RAPTURE EXPORTS PRIVATE LIMITED	Director	13/09/1989	13/09/1989	-	Active	NO
2	U22120MH1985PTC035722	COURIER PUBLICATIONS PRIVATE LIMITED	Director	27/09/1990	27/09/1990	-	Active	NO
3	U51109MH1946PTC004739	UNITED INDIA AGENCIES PRIVATE LIMITED	Director	17/11/1990	17/11/1990	-	Active	NO
4	U51900MH1975PTC018389	NALANDA EXPORTS PRIVATE LIMITED	Director	06/04/1992	06/04/1992	-	Active	NO
5	U15540MH1975PTC018390	NALANDA MINERALS PRIVATE LIMITED	Director	11/01/1995	11/01/1995	-	Active	NO
6	U15140MH1957PLC010993	SHREE JAGDISH OIL INDUSTRIES LIMITED	Director	20/05/1997	20/05/1997	-	Active	NO
7	U63040MH1969PTC014305	TRAVELERA PRIVATE LIMITED	Director	16/06/1997	16/06/1997	-	Active	NO
8	U99999MH1946PTC004824	RAMKUMAR MORARKA AND SONS PRIVATE LIMITED	Director	25/06/1997	25/06/1997	-	Active	NO
9	U74140MH1975PTC018388	NALANDA CONSULTANTS PRIVATE LIMITED	Director	29/08/1997	29/08/1997	-	Active	NO
10	U29290MH1950PTC008225	GANNON DUNKERLEY HOLDINGS PRIVATE LIMITED	Director	22/12/1997	22/12/1997	-	Active	NO
11	U65990MH1984PTC034680	GANNON DUNKERLEY FINANCE LIMITED	Director	22/03/2002	22/03/2002	-	Active	NO
12	U29100MH1978PLC020710	GANNON DUNKERLEY REALTY LIMITED	Director	27/03/2002	27/03/2002	28/05/2014	Active	NO
13	U01122RJ1972PLC001415	JAI AGRO INDUSTRIES LIMITED	Director	01/07/2002	01/07/2002	-	Active	NO
14	U01409MH2005PLC154661	MORARKA ORGANIC FOODS LIMITED	Director	11/07/2005	11/07/2005	-	Active	NO
15	U22190MH2007PLC167156	DAILY MULTIMEDIA LIMITED	Director	19/01/2007	19/01/2007	-	Active	NO
16	U28112MH1960PTC168075	GANNON DUNKERLEY INFRASTRUCTURE PRIVATE LIMITED	Director	26/09/2007	14/02/2007	04/06/2014	Active	NO
17	U70100DL2007PTC159719	SPM Real Estate Private Limited	Director	26/02/2007	26/02/2007	-	Active	NO
18	U65923MH1989PLC053436	HINDUSTAN HOUSING FINANCE & DEVELOPMENT CORPORATION LIMITED	Director	29/09/2008	13/05/2008	-	Active	NO
19	U01100MH1951PTC012213	M R CHARITIES PRIVATE LIMITED	Director	30/09/2009	20/10/2008	04/06/2014	Active	NO
20	U99999MH1985PTC036677	JANSON ENGINEERING AND TRADING PRIVATE LIMITED	Director	06/08/2009	06/08/2009	-	Active	NO
21	U65999MH2009PTC195111	FRR FOREX PRIVATE LIMITED	Director	20/08/2009	20/08/2009	09/08/2011	Active	NO
22	U70102MH2009PTC195771	GDC BUILDCON PRIVATE LIMITED	Director	14/09/2009	14/09/2009	02/01/2010	Active	NO
23	U70200MH2009PTC196615	GD HABITAT PRIVATE LIMITED	Director	22/10/2009	22/10/2009	25/10/2010	Active	NO
24	U65990MH1985PTC036482	MARYLAND LEASING AND INVESTMENT COMPANY PRIVATE LIMITED	Director	21/07/2011	31/03/2011	-	Active	NO
25	U51109MH1924PLC001107	GANNON DUNKERLEY AND COMPANY LIMITED	Whole-time director	30/09/2011	20/07/2011	-	Active	NO

Name :

Mr. Narayandas Saraf

Designation :

Director

Address :

B-42, Maharani Bagh, New Delhi-110065, India

Date of Birth/Age :

07.09.1938

Date of Appointment :

24.05.1965

DIN No.:

00006260

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	U99999MH1953PTC021694	RAI BAHADUR SHREE RAM AND COMPANY PRIVATE LIMITED	Managing director	01/06/2013	08/09/1962	-	Active	NO
2	U13201MH1965PTC013107	SHREE RAM DURGA PRASAD ORES PRIVATE LIMITED	Director	13/01/1965	13/01/1965	-	Active	NO
3	U51109MH1924PLC001107	GANNON DUNKERLEY AND COMPANY LIMITED	Director	24/05/1965	24/05/1965	-	Active	NO
4	U63040MH1969PTC014305	TRAVELERA PRIVATE LIMITED	Director	28/09/1978	28/09/1978	29/09/2015	Active	NO
5	L27100MH2004PLC146283	FACOR STEELS LIMITED	Director	29/05/2013	28/04/2006	-	Active	NO
6	U40101DL2005PLC139923	FACOR POWER LIMITED	Director	18/09/2006	20/07/2006	-	Active	NO
7	U14200DL2011PTC217111	NDS MINERALS PRIVATE LIMITED	Director	06/04/2011	06/04/2011	-	Active	NO

Name :

Mr. Kamal M. Morarka

Designation :

Director

Address :

24-B, Cormichaael Road, Mumbai -400 026, Maharashtra, India

Date of Birth/Age :

18.06.1946

Date of Appointment :

19.05.1997

DIN No.:

00460013

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	U22120MH1985PTC035722	COURIER PUBLICATIONS PRIVATE LIMITED	Director	29/06/1993	29/06/1993	-	Active	NO
2	U51900MH1993PTC073640	SANGITA KATHIWADA HANDICRAFTS PRIVATE LIMITED	Director	26/08/1993	26/08/1993	-	Active	NO
3	U51109MH1946PTC004739	UNITED INDIA AGENCIES PRIVATE LIMITED	Director	25/09/1995	25/09/1995	-	Active	NO
4	U99999MH1946PTC004824	RAMKUMAR MORARKA AND SONS PRIVATE LIMITED	Director	25/09/1995	25/09/1995	-	Active	NO
5	U91110MH1996NPL098104	ALL INDIA ASSOCIATION OF INDUSTRIES	Director	13/03/1996	13/03/1996	-	Active	NO
6	U29290MH1950PTC008225	GANNON DUNKERLEY HOLDINGS PRIVATE LIMITED	Director	05/08/1996	05/08/1996	-	Active	NO
7	U51109MH1924PLC001107	GANNON DUNKERLEY AND COMPANY LIMITED	Director	19/05/1997	19/05/1997	-	Active	NO
8	U73100MH1970NPL014686	M.VISVESVARAYA INDUSTRIAL RESEARCH AND DEVELOPMENT CENTRE	Director	25/09/2007	25/09/2007	-	Active	NO
9	U74120MH2015NPL262720	WORLD TRADE CENTRE BHUBANESWAR (ODISHA) ASSOCIATION	Director	16/03/2015	16/03/2015	-	Active	NO
10	U74999MH2015NPL262718	WORLD TRADE CENTRE JAIPUR (RAJASTHAN) ASSOCIATION	Director	16/03/2015	16/03/2015	-	Active	NO
11	U74999MH2015NPL262717	WORLD TRADE CENTRE (GOA) ASSOCIATION	Director	16/03/2015	16/03/2015	-	Active	NO

Name :

Mr. Parag C Mehta

Designation :

Director

Address :

Flat No. 23, 7^th Floor, Neelkanth Apartments, Worli Hill Estate, Worli, Mumbai - 400 018, Maharashtra, India

Date of Birth/Age :

15.08.1961

Date of Appointment :

22.12.2005

DIN No.:

00172972

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	U65110MH1999NPL119268	FOREIGN EXCHANGE BROKERS ASSOCIATION OF INDIA	Director	05/04/1999	05/04/1999	-	Active	NO
2	U65999MH1999PTC122384	KARVAT INSURANCE SERVICES PRIVATE LIMITED	Director	26/10/1999	26/10/1999	01/11/2007	Active	NO
3	U51909WB1995PTC076031	SIMPARK INFRASTRUCTURE PRIVATE LIMITED	Director	28/07/2002	28/07/2002	-	Active	NO
4	U24235TG1969PTC001282	SANZYME Private Limited	Director	11/12/2003	11/12/2003	-	Active	NO
5	U51109MH1946PTC004739	UNITED INDIA AGENCIES PRIVATE LIMITED	Director	09/01/2004	09/01/2004	31/03/2012	Active	NO
6	U99999MH1946PTC004824	RAMKUMAR MORARKA AND SONS PRIVATE LIMITED	Director	09/01/2004	09/01/2004	31/03/2012	Active	NO
7	U29290MH1950PTC008225	GANNON DUNKERLEY HOLDINGS PRIVATE LIMITED	Director	09/01/2004	09/01/2004	31/03/2012	Active	NO
8	U51109MH1924PLC001107	GANNON DUNKERLEY AND COMPANY LIMITED	Director	22/12/2005	22/12/2005	-	Active	NO
9	U67120MH1997PTC108920	F R RATNAGAR AND COMPANY PRIVATE LIMITED	Director	20/06/2007	20/06/2007	-	Active	NO
10	U22120MH1985PTC035722	COURIER PUBLICATIONS PRIVATE LIMITED	Director	26/09/2008	25/09/2007	-	Active	NO
11	U73100MH1970NPL014686	M.VISVESVARAYA INDUSTRIAL RESEARCH AND DEVELOPMENT CENTRE	Director	23/11/2009	23/11/2009	-	Active	NO
12	U67100MH2010PLC204251	FRR SHARES AND SECURITIES LIMITED	Director	15/06/2010	15/06/2010	-	Active	NO
13	U65921MH2010PLC207983	FRR CAPITAL LIMITED	Director	21/09/2010	21/09/2010	-	Active	NO
14	U67190MH2012PLC231598	FRR COMMODITIES LIMITED	Director	29/05/2012	29/05/2012	-	Active	NO

Name :

Mr. Vijay Goverdhandas Kalantri

Designation :

Director

Address :

2, Wahendna Apartment, Ground Floor, 75 Hill Road, Bandra(W), Mumbai-400050, Maharashtra, India

Date of Birth/Age :

05.01.1949

Date of Appointment :

09.09.2010

DIN No.:

00019510

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	U65921MH1985PLC037703	BALAJI INFRA PROJECTS LIMITED	Managing director	15/04/2012	09/10/1985	-	Active	NO
2	U29100MH1978PLC020710	GANNON DUNKERLEY REALTY LIMITED	Director	15/07/1988	15/07/1988	15/12/2008	Active	NO
3	U65923MH1989PLC053436	HINDUSTAN HOUSING FINANCE & DEVELOPMENT CORPORATION LIMITED	Director	12/09/1989	12/09/1989	-	Active	NO
4	U51900MH1989PTC051927	METROPOLITAN TRADERS PRIVATE LIMITED	Director	20/03/1990	20/03/1990	-	Amalgamated	NO
5	L36912MH1974PLC017505	SOVEREIGN DIAMONDS LIMITED	Director	12/11/1992	12/11/1992	13/08/2011	Active	NO
6	U91110MH1995PLC086016	INDIAN COUNCIL OF INVESTORS	Director	02/03/1995	02/03/1995	10/06/2008	Active	NO
7	U91110MH1996NPL098104	ALL INDIA ASSOCIATION OF INDUSTRIES	Director	13/03/1996	13/03/1996	-	Active	NO
8	U45200MH1998PLC114567	BALAJI INFRASTRUCTURE AND DEVELOPMENT COMPANY LIMITED	Director	21/04/1998	21/04/1998	30/03/2009	Active	NO
9	U40100MH1997PLC106044	VINDHYACHAL HYDRO POWER LIMITED	Director	14/08/1999	14/08/1999	-	Active	NO
10	L25200MH1968PLC013914	V I P INDUSTRIES LIMITED	Director	22/05/2000	22/05/2000	-	Active	NO
11	U72100MH2000PLC127887	ANYUSER TELECOM (INDIA) LIMITED	Director	24/07/2000	24/07/2000	14/12/2007	Active	NO
12	U35110MH2000PLC127953	DIGHI PORT LIMITED	Managing director	01/04/2012	27/07/2000	-	Active	NO
13	U99999MH1997NPL111379	BOWLING AND BILLIARDS ASSOCIATION OF INDIA	Director	05/01/2001	05/01/2001	-	Active	NO
14	L99999MH1988PLC047408	MAN INDUSTRIES (INDIA) LIMITED	Director	15/02/2001	15/02/2001	03/02/2011	Active	NO
15	U74300MH1997PTC105548	LAQSHYA MEDIA PRIVATE LIMITED	Director	15/01/2002	15/01/2002	27/03/2012	Active	NO
16	U74999MH2002NPL136048	INDO POLISH CHAMBER OF COMMERCE AND INDUSTRIES	Director	29/05/2002	29/05/2002	31/03/2015	Active	NO
17	U74999MH2002GAP136310	INDO MAURITIUS CHAMBER OF COMMERCE AND INDUSTRIES	Director	25/06/2002	25/06/2002	31/03/2015	Active	NO
18	L32109MH1994PLC083391	ZICOM ELECTRONIC SECURITY SYSTEMS LIMITED	Director	05/09/2014	01/12/2003	-	Active	NO
19	U51109HP1998PLC000592	DARJEELING POWER LIMITED	Director	17/09/2004	17/09/2004	11/12/2008	Active	NO
20	L17110MH1935PLC002241	SHREE RAM URBAN INFRASTRUCTURE LIMITED	Director	25/08/2005	25/08/2005	19/05/2014	Active	NO
21	L00000CH1983PLC031318	SAB INDUSTRIES LIMITED	Director	30/09/2014	30/12/2005	14/11/2015	Active	NO
22	U45200MH2006PLC158665	DIGHI PROJECT DEVELOPMENT COMPANY LTD	Director	05/01/2006	05/01/2006	31/03/2015	Active	NO
23	U92419MH2006NPL160614	MAHARASHTRA TENPIN BOWLING ASSOCIATION	Director	21/03/2006	21/03/2006	-	Active	NO
24	U35110MH2005PLC151518	BALAJI SHIPPING AND LOGISTICS LIMITED	Director	27/04/2006	27/04/2006	30/03/2012	Active	NO
25	U51909WB1995PTC076031	SIMPARK INFRASTRUCTURE PRIVATE LIMITED	Director	30/11/2006	30/11/2006	03/02/2011	Active	NO
26	L17120MH1990PLC058361	S KUMARS NATIONWIDE LIMITED	Director	17/07/2007	03/02/2007	19/05/2014	Active	NO
27	U73100MH1970NPL014686	M.VISVESVARAYA INDUSTRIAL RESEARCH AND DEVELOPMENT CENTRE	Director	25/09/2007	25/09/2007	-	Active	NO
28	U22120MH1985PTC035722	COURIER PUBLICATIONS PRIVATE LIMITED	Director	26/09/2008	25/09/2007	-	Active	NO
29	U45203MH2008PLC183839	DIGHI RAIL INFRASTRUCTURE LIMITED	Director	23/06/2008	23/06/2008	-	Active	NO
30	U45202MH2008PTC185677	DIGHI LNG TERMINALS PRIVATE LIMITED	Director	11/08/2008	11/08/2008	31/03/2015	Active	NO
31	U51109MH1924PLC001107	GANNON DUNKERLEY AND COMPANY LIMITED	Director	09/09/2010	11/12/2008	-	Active	NO
32	L36911RJ1990PLC005651	GOENKA DIAMOND AND JEWELS LIMITED	Director	31/07/2009	31/07/2009	26/11/2013	Active	NO
33	U74999MH2011PTC218985	DIGHI LOGISTICS PRIVATE LIMITED	Director	22/06/2011	22/06/2011	-	Active	NO
34	L52320MH2004PLC146760	BRANDHOUSE RETAILS LIMITED	Director appointed in casual vacancy	13/02/2012	13/02/2012	19/05/2014	Active	NO
35	U17114MH2000PLC126018	REID & TAYLOR (INDIA) LIMITED	Additional director	10/08/2012	10/08/2012	04/06/2014	Active	NO
36	U74120MH2015NPL262720	WORLD TRADE CENTRE BHUBANESWAR (ODISHA) ASSOCIATION	Director	16/03/2015	16/03/2015	-	Active	NO
37	U74999MH2015NPL262718	WORLD TRADE CENTRE JAIPUR (RAJASTHAN) ASSOCIATION	Director	16/03/2015	16/03/2015	-	Active	NO
38	U74999MH2015NPL262717	WORLD TRADE CENTRE (GOA) ASSOCIATION	Director	16/03/2015	16/03/2015	-	Active	NO
39	U74140DL2015PLC285745	DIGHI ROHA RAIL LIMITED	Director	29/09/2015	29/09/2015	-	Active	NO

Name :

Mr. Ravinder K Machanda

Designation :

Additional Director

Address :

D-281 G/F, Defence Colony, New Delhi-110024, Delhi, India

Date of Birth/Age :

22.09.1950

Date of Appointment :

07.09.2009

DIN No.:

01801659

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	U65990MH1984PTC034680	GANNON DUNKERLEY FINANCE LIMITED	Director	27/09/2008	04/10/2007	08/12/2008	Active	NO
2	U65992DL1983PLC016494	STATUS MARK FINVEST LIMITED	Director	29/03/2008	29/03/2008	31/03/2015	Active	NO
3	U51109MH1924PLC001107	GANNON DUNKERLEY AND COMPANY LIMITED	Director	07/09/2009	11/12/2008	-	Active	NO
4	U92411DL1909PLC000407	THE DELHI AND DISTRICT CRICKET ASSOCIATION LIMITED	Director	20/03/2009	20/03/2009	-	Active	NO
5	L51909DL1984PLC018814	ASHOKA MERCANTILE LIMITED	Director	29/09/2012	27/01/2011	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Ravi Prakash Agarwal
Designation :	Company Secretary
Address :	1A/13, Nalanda CHS Limited, Evershine Nagar, Malad (West), Mumbai-400064, Maharashtra, India
Date of Birth/Age :	03.11.1969
Date of Appointment :	16.04.2007
PAN No.:	ACGPA1554M

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2015

NOTE: SHAREHOLDER DETAILS FILE ATTACHED.

Equity Share Break up (Percentage of Total Equity)

As on 25.09.2014

Category	Percentage
Bodies corporate	87.66
Directors or relatives of Directors	11.60
Other top fifty shareholders	0.73
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in Construction Activity. (Confirmed by management)

Products :

Item Code No.	Product Description
99541219	General construction services of Industrial Buildings

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Not Available

Terms :

Not Available

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Available
Name of the Person :	Not Available
Contact No.:	Not Available
Since How Long Known :	Not Available
Maximum Limit Dealt :	Not Available
Experience :	Not Available
Remark:	Not Available

Customers :

Reference :	Not Available
Name of the Person :	Not Available
Contact No.:	Not Available
Since How Long Known :	Not Available
Maximum Limit Dealt :	Not Available
Experience :	Not Available
Remark:	Not Available

No. of Employees :

Not Available

Bankers :

Bank Name	State Bank of India
Branch	Commercial Branch, N G N Vaidya Marg, Fort, Mumbai - 400023, Maharashtra, India
Person Name (With Designation)	Not Available
Contact Number	Not Available
Name of Account Holder	Not Available
Account Number	Not Available
Account Since (Date/Year of Account Opening)	Not Available
Average Balance Maintained (If Possible)	Not Available
Credit Facilities Enjoyed (If any)	Not Available
Account Operation	Not Available
Remarks (If any)	Not Available

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Term loans from banks (Term Loans are Working Capital Term Loan against hypothecation /pledge of stocks, work-in-progress, debts and all present and future tangible assets except plant and equipment. Period of default: NA Amount of default: Nil)	109.548	125.000
Other loans and advances	220.834	651.045
Short-term borrowings
Working capital loans from banks (Working Capital Finance are secured by hypothecation of stocks and book debts and all present and future tangible assets except plant and equipment Period of default: NA Amount of default: Nil)	6326.252	5043.311
Total	6656.634	5819.356

Financial institution :

· Citicorp Finance (India) Limited, 8th Floor, First International Financial Centre, C-54 and C-55, G-Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India

· SREI Infrastructure Finance Limited, Vishwakarma, 86C, Topsia Road (South), Kolkata - 700046, West Bengal, India

· HDB Financial Services Limited

· PNB Housing Finance Limited

Auditors :
Name :	Sanghavi and Company Chartered Accountants
Address :	Bulbul, 1St Floor, Crescent Road, Bhavnagar -364001, Gujarat, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAQFS2682A
Memberships :	--
Collaborators :	--
Subsidiaries :	· Gannon Dunkerley and Company Limited FZE, United Arab Emirates Gannon Dunkerley Middle East WLL, Bahrain The Jaipur Udyog Limited CIN No.:- U26943RJ1948PLC000612 Gannon Dunkerley Finance Limited CIN No.:- U65990MH1984PTC034680 Gannon Dunkerley Realty Limited CIN NO.:- U29100MH1978PLC020710 GDC-JLS Tollways Private Limited CIN NO.:- U45200AP2011PTC076335
Fellow Subsidiary companies :	Virat Infra Projects Private Limited CIN No.: U45201DL2006PTC146977 I K Infrastructure Private Limited CIN No.: U45201DL2005PTC135711
Associates :	Ramkumar Morarka and Sons Private Limited CIN No.: U99999MH1946PTC004824x Nalanda Consultants Private Limited CIN No.: U74140MH1975PTC018388 Balaji Infrastructure and Development Company Limited CIN No.: U45200MH1998PLC114567 Facor Power Limited CIN No.: U40101DL2005PLC139923 Travelera Private Limited CIN No.: U63040MH1969PTC014305
Joint Venture Company :	Gannon Dunkerley and Company, LLC Gannon Dunkerley General Contracting Company

CAPITAL STRUCTURE

As on 30.09.2015

Authorised Capital :

No. of Shares	Type	Value	Amount
18,000,000	Equity Shares	Rs.10/- each	Rs. 180.000 Million
200,000	Preference Shares	Rs.100/- each	Rs. 20.000 Million
	Total		Rs. 200.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2,688,000	Equity Shares	Rs.10/- each	Rs.26.880 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	26.880	26.880	26.880
(b) Reserves & Surplus	5923.353	5719.072	5325.317
(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)	5950.233	5745.952	5352.197
(3) Non-Current Liabilities
(a) long-term borrowings	330.382	905.073	777.627
(b) Deferred tax liabilities (Net)	1009.900	862.400	793.300
(c) Other long term liabilities	101.065	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	1441.347	1767.473	1570.927
(4) Current Liabilities
(a) Short term borrowings	6676.252	5669.376	4953.395
(b) Trade payables	4424.715	4230.464	3342.340
(c) Other current liabilities	7769.963	7939.736	6932.018
(d) Short-term provisions	266.014	131.364	166.868
Total Current Liabilities (4)	19136.944	17970.940	15394.621
TOTAL	26528.524	25484.365	22317.745
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2450.480	2803.033	2876.324
(ii) Intangible Assets	2.372	1.140	1.601
(iii) Capital work-in-progress	78.537	0.000	11.343
(iv) Intangible assets under development	56.123	50.590	45.784
(b) Non-current Investments	416.419	414.715	412.715
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	2961.823	2903.844	2736.089
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	5965.754	6173.322	6083.856
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	12484.725	11476.100	10324.567
(c) Trade receivables	7.949	10.386	13.811
(d) Cash and cash equivalents	2112.271	2035.092	2065.351
(e) Short-term loans and advances	5957.825	5789.465	3830.160
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	20562.770	19311.043	16233.889
TOTAL	26528.524	25484.365	22317.745

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	18881.237	18666.056	17861.371
		Other Income	351.362	302.131	385.179
		TOTAL (A)	19232.599	18968.187	18246.550
Less	EXPENSES
		Cost of Materials Consumed	44.143	30.619	71.881
		Purchases of Stock-in-Trade	0.740	1.954	60.954
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(1010.932)	(1179.194)	(1168.988)
		Employees benefits expense	1486.121	1404.260	1407.602
		Other expenses	16456.716	16479.294	15650.074
		Exceptional Items	0.000	91.100	0.000
		TOTAL (B)	16976.788	16828.033	16021.523
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)		2255.811	2140.154	2225.027
Less	FINANCIAL EXPENSES (D)		936.881	1015.085	895.993
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1318.930	1125.069	1329.034
Less/ Add	DEPRECIATION/ AMORTISATION (F)		408.361	489.941	516.078
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		910.569	635.128	812.956
Less	TAX (H)		372.500	217.444	273.086
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		538.069	417.684	539.870
	EARNINGS IN FOREIGN CURRENCY		72.000	9.833	NA
	Earnings / (Loss) Per Share (Rs.)		200.17	155.39	200.84

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	533.130	642.838	1035.530
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operation	1024.133	979.909	1214.013

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	2.85	2.24	3.02
Operating Profit Margin (PBIDT/Sales)	(%)	11.95	11.47	12.46
Return on Total Assets (PBT/Total Assets}	(%)	3.51	2.54	3.72
Return on Investment (ROI) (PBT/Networth)		0.15	0.11	0.15
Debt Equity Ratio (Total Debt /Networth)		1.27	1.26	1.26
Current Ratio (Current Asset/Current Liability)		1.07	1.07	1.05

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	26.880	26.880	26.880
Reserves & Surplus	5325.317	5719.072	5923.353
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	5352.197	5745.952	5950.233
long-term borrowings	777.627	905.073	330.382
Short term borrowings	4953.395	5669.376	6676.252
Current maturities of long-term debts	1035.530	642.838	533.130
Total borrowings	6766.552	7217.287	7539.764
Debt/Equity ratio	1.264	1.256	1.267

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	17861.371	18666.056	18881.237
		4.505	1.153

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	17861.371	18666.056	18881.237
Profit	539.870	417.684	538.069
	3.02%	2.24%	2.85%

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	No
8]	Designation of contact person	No
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	No
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
Bench:- Bombay
Presentation Date:- 02/09/2014
Lodging No. :	ITXAL/1603/2014	Failing Date:-	02/09/2014	Reg. No.:-		ITXA/360/2015
Reg. Date:-	09/04/2015
Petitioner:-	THE COMMISSIONER OF INCOME TAX –(CENTRAL)-III	Respondent:-	GANNON DUNKERLEY AND COMPANY LIMITED
Petn.Adv:-	CHARANJEET CHANDERPAL (APPELLANT) (I2154)	Resp.Adv.:-	MAHESH JANI AND COMPANY (I3882)
District:-	MUMBAI
Bench:-	DIVISION	Category:-	TAX APPEALS
Status:-	Pre-Admission	Stage:-	FOR REJECTION [ORIGINAL SIDE MATTERS]
Next Date:-	18/02/2016	Stage:-	--
Coram:-	ACCORDING TO SITTING LIST ACCORDING TO SITTING LIST
Act. :	Income Tax Act, 1961		Under Section:		260A

UNSECURED LOAN

PARTICULARS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Loans and advances from directors	0.000	129.028
Short-term borrowings
Term loans from banks	350.000	626.065
Total	350.000	755.093

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10602169	28/10/2015	35,000,000.00	HDB FINANCIAL SERVICES LIMITED	Radhika, 2nd Floor, Law Garden Road, Navrangpura  , Ahmedabad, Gujarat - 380009, INDIA	C69956902
2	10588978	26/08/2015	100,000,000.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, West Bengal - 700046, INDIA	C63100002
3	10590238	22/08/2015	121,000,000.00	PNB HOUSING FINANCE LIMITED	9^TH FLOOR ANTRIKSH BHAWAN, 22 K G MARG, NEW DELHI- 110001, INDIA	C63827364
4	10590675	22/08/2015	5,000,000.00	PNB HOUSING FINANCE LIMITED	9^TH FLOOR ANTRIKSH BHAWAN, 22 K G MARG, NEW DELHI- 110001, INDIA	C64081805
5	10591440	22/08/2015	74,000,000.00	PNB HOUSING FINANCE LIMITED	9^TH FLOOR ANTRIKSH BHAWAN, 22 K G MARG, NEW DELHI- 110001, INDIA	C64427420
6	10586854	30/07/2015	18,757,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	One Forbes,, Dr. V. B. Gandhi Marg, Fort, Mumbai,  Maharashtra - 400001, INDIA	C62103197
7	10583361	28/07/2015	70,000,000.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, West Bengal - 700046, INDIA	C60474186
8	10579126	30/06/2015	500,000,000.00	ADITYA BIRLA FINANCE LIMITED	Indian Rayon Compound, Veraval, Gujarat - 362266,  INDIA	C58512088
9	10584190	30/06/2015	43,660,025.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, INDIA	C60890373
10	10584192	30/06/2015	26,339,977.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	One Forbes,, Dr. V. B. Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, INDIA	C60891827

* Date of charge modification

FIXED ASSETS

· Land and Building

· Plant and Machinery

· Equipments

· Vehicles

· Furniture and Fixtures

· Electrical Equipments.

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.66.78
UK Pound	1	Rs.101.10
Euro	1	Rs.73.10

INFORMATION DETAILS

Analysis Done by :	KIN
Report Prepared by :	JYTK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	7
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		54

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.