MIRA INFORM REPORT

Report No. :	355434
Report Date :	18.12.2015

IDENTIFICATION DETAILS

Name :	EXIM KNITS PRIVATE LIMITED
Registered Office :	S F 334, Palankarai Village, Nambiyur Road, Avinashi, Tirupur – 641654, Tamil Nadu
Tel. No.:	91-4296-272292/ 272621
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	23.03.1999
Com. Reg. No.:	11-019383
Capital Investment / Paid-up Capital :	Rs. 13.200 Million
CIN No.: [Company Identification No.]	U18101TZ1999PTC019383
IEC No.:	Not Divulged
TIN No.:	33492082024
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer, Exporter, Importer and Supplier of Knitted Garments, Yarn Means, Wear, Ladies Wear, Kids Wear. T-Shirts, Skirts, Shorts, etc. (Confirmed by Management)
No. of Employees :	500 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (32)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 135000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject was incorporated in the year 1999 having moderate track. Management has failed to file financials for FY 15 with Registrar of Companies. For the FY 14, the company has achieved decent sales turnover, however reported very low profit margin. Rating is constrained on account of average net worth base, moderate debt level, low cash accruals and huge unfavourable gap between trade payables and receivables which may act as a threat to the liquidity position of the company. Trade relations are fair. Business is active. Payments are slow but correct. The company can be considered for business dealings with some caution.

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 31-03-2015.

INFORMATION PARTED BY

Name :	Mr. Praphapati
Designation :	Accountant
Contact No.:	91-4296-272292
Date :	17.12.2015

LOCATIONS

Registered Office/ Factory :	S F 334, Palankarai Village, Nambiyur Road, Avinashi, Tirupur – 641654, Tamil Nadu, India
Tel. No.:	91-4296-272292/ 272621
Mobile No.:	91-9952426510 (Mr. Mariappan)
Fax No.:	91-4296-272935
E-Mail :	casaravanan8889@gmail.com

DIRECTORS

AS ON 29.09.2014

Name :

Mr. Ajay Doshi

Designation :

Director

Address :

22 B Lands-End, 29D Doongershi Road, Mumbai - 400006, Maharashtra, India

Date of Birth/Age :

28.02.1953

Date of Appointment :

23.03.1999

DIN No.:

00081944

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	U51900MH1982PTC027156	PEACE RIVER TRADERS PRIVATE LIMITED	Director	17/05/1982	17/05/1982	-	Active	NO
2	U51900MH1982PTC027148	ALABAMA TRADING CO PRIVATE LIMITED	Director	02/12/1998	02/12/1998	-	Active	NO
3	U18101TZ1999PTC019383	EXIM KNITS PRIVATE LIMITED	Director	23/03/1999	23/03/1999	-	Active	NO
4	U29128MH1965PTC013224	SHAVO NORGREN (INDIA) PRIVATE LIMITED	Director	01/01/2001	01/01/2001	19/08/2011	Active	NO
5	U55201MH2006PTC166577	SHAKAS FOODS PRIVATE LIMITED	Director	30/09/2014	01/04/2014	-	Active	NO
6	AAD-9048	BOONBAY TECH LLP	Designated Partner	11/05/2015	11/05/2015	-	Active	NO

Name :

Mr. Palaniappan Padmanabhan

Designation :

Director

Address :

Mummoorthy Nagar,Boyampalayam North Vign, Neruperichal Tirupur, Coimbatore - 641603, Tamilnadu, India

Date of Birth/Age :

06.11.1961

Date of Appointment :

26.03.1999

DIN No.:

02120660

Name :

Mr. Palaniappa Mudaliar Thangavelu

Designation :

Director

Address :

Old No 21/103 New No 96/103 Ayyasamy Koil Street, Coimbatore (Central) Coimbatore (Central), Coimbtaore - 641001, Tamilnadu, India

Date of Birth/Age :

15.09.1950

Date of Appointment :

26.09.2012

DIN No.:

05188604

Name :

Mr. Palaniappan Kumarasamy

Designation :

Director

Address :

Old No 20 New No 24, Jammanai 1st Street Tirupur (Tk), Tirupur - 641604, Tamilnadu, India

Date of Birth/Age :

14.06.1956

Date of Appointment :

26.09.2012

DIN No.:

05188613

Name :

Mr. Palaniappan Ganesan

Designation :

Director

Address :

Old No 20 New No 24, Jammanai 1^st Street Tirupur (Tk), Tirupur - 641604, Tamilnadu, India

Date of Birth/Age :

09.12.1958

Date of Appointment :

26.09.2012

DIN No.:

05188619

KEY EXECUTIVES

Name :	Mr. Praphapati
Designation :	Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 31.03.2015

Names of Shareholders	No. of Shares
Ajay Champklal Doshi	98400
P. Padmanabhan	470000
Ashish Doshi	73750
Anshul Doshi	98300
Champaklal A Doshi	35000
Champaklal A Doshi - HUF	25000
Adithya A Doshi	73750
Indumathi C Doshi	10000
P.Kumudhini	160000
Jai Anand	30000
Priti A Doshi	73750
Akshay A Doshi	73750
Versha A Doshi	98300
Total	1320000

AS ON 29.09.2014

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer, Exporter, Importer and Supplier of Knitted Garments, Yarn Means, Wear, Ladies Wear, Kids Wear. T-Shirts, Skirts, Shorts, etc. (Confirmed by Management)
Brand Names :	--
Agencies Held :	--
Exports :
Products :	Finished Goods
Countries :	· European Countries · France
Imports :
Products :	Raw Material
Countries :	· Italy · China · Hong Kong
Terms :
Selling :	Cash and Credit (30/ 60 Days)
Purchasing :	Cash and Credit (30/ 60 Days)

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Vignem Apparels, Tamilnadu, India
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 :

Wholesalers, Retailers and End Users

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 :

500 (Approximately)

Bankers :

Bank Name:	The Karur Vysya Bank Limited
Branch:	P.B.No.6, Door No 315,First Floor,, Tirupur Overseas Branch, Kumaran Road, Tirupur - 641601, Tamil Nadu, 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 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

· State Bank of India

· HDFC Bank of India

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG-TERM BORROWINGS
Term Loans from The Karur Vysya Bank Limited (Secured by all Movable and Immovable Assets of the Company both present and future along with personal Guarantee of Directors of the Company)	21.961	44.066
Vehicle Loan from SBI & HDFC Bank Limited (Secured with Hypothecation of Vehicle financed)	1.511	1.441
Corporate Term Loan from The KVB Limited (Secured by all Movable and Immovable Assets of the Company both present and future along with personal Guarantee of Directors of the Company)	9.167	0.000
Loan against Deposits from KVB Limited (Secured with Fixed Depost Receipts)	2.307	5.213
SHORT TERM BORROWINGS
PCL Loan from The Karur Vysya Bank Limited	83.041	61.096
OCC from The Karur Vysya Bank Limited (PCL and OCC facilities are Secured by Hypothecation of stock of Raw Materials, Work in Progress, Finished Goodsand Stores and Consumables and First Charge over the Fixed Assets of the Company both present and Futurealong with Personal Guarantee of Directors of the Company)	15.170	23.616
FBP Loan from The Karur Vysya Bank Limited (FBP Loan is Secured by Documents of Title to the goods and First Charges over all Movable and Immovable Assets of the Company along with Personal Guarantee of Directors of the Company)	14.033	65.903
Total	147.190	201.335

Auditors :
Name :	Vacs and Associates Chartered Accountants
Address :	No. 68, First Floor, Perumal Koil Street, Tirupur – 641604, Tamilnadu, India
Income-tax PAN of auditor or auditor's firm :	AAJFV5065D
Memberships :	--
Collaborators :	--
Related Party :	N. P. Subramaniam and Bros

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1,500,000	Equity Shares	Rs. 10/- each	Rs. 15.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1,320,000	Equity Shares	Rs. 10/- each	Rs. 13.200 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	13.200	13.200	13.200
(b) Reserves & Surplus	34.197	33.028	32.330
(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)	47.397	46.228	45.530
(3) Non-Current Liabilities
(a) Long-term borrowings	34.946	50.720	52.763
(b) Deferred tax liabilities (Net)	15.798	14.720	14.230
(c) Other long term liabilities	75.831	72.631	39.866
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	126.575	138.071	106.859
(4) Current Liabilities
(a) Short term borrowings	112.244	150.615	72.487
(b) Trade payables	75.191	69.686	35.252
(c) Other current liabilities	8.174	7.521	4.222
(d) Short-term provisions	7.246	6.711	6.513
Total Current Liabilities (4)	202.855	234.533	118.474
TOTAL	376.827	418.832	270.863
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	200.170	203.547	163.544
(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	0.100	0.020	0.020
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	200.270	203.567	163.564
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	91.039	81.100	50.242
(c) Trade receivables	35.031	87.840	21.911
(d) Cash and cash equivalents	0.924	0.354	1.816
(e) Short-term loans and advances	49.048	44.942	31.787
(f) Other current assets	0.515	1.029	1.543
Total Current Assets	176.557	215.265	107.299
TOTAL	376.827	418.832	270.863

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		TOTAL (A)	440.820	390.806	400.262
Less	EXPENSES
		TOTAL (B)	402.903	355.337	349.756
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		37.917	35.469	50.506
Less	FINANCIAL EXPENSES (D)		19.512	20.761	18.091
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		18.405	14.708	32.415
Less/ Add	DEPRECIATION/ AMORTISATION (F)		15.623	13.670	13.209
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		2.782	1.038	19.206
Less	TAX (H)		1.612	0.688	9.855
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		1.170	0.350	9.351
	EARNINGS IN FOREIGN CURRENCY
		Export sales of Garments	USD 2280707 Euro 1801898	USD 1280382 EURO 2887112	USD 826154 EURO 2858414
	IMPORTS
		Raw Materials
	Earnings Per Share (Rs.)		0.89	0.27	7.08

PARTICULARS	31.03.2015
Sales Turnover (Approximately)	480.000

The above information has been parted by Mr. Praphapati (Accounant)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	NA	NA	NA
Cash Generated from Operations	NA	NA	NA
Net Cash Flow from used in Operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Total Income)	(%)	0.27	0.09	2.34
Operating Profit Margin (PBDIT/ Total Income)	(%)	8.60	9.08	12.62
Return on Total Assets (PBT/Total Assets}	(%)	0.74	0.25	7.09
Return on Investment (ROI) (PBT/Networth)		0.06	0.02	0.42
Debt Equity Ratio (Total Debt/Networth)		3.11	4.36	2.75
Current Ratio (Current Asset/Current Liability)		0.87	0.92	0.91

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	13.200	13.200	13.200
Reserves & Surplus	32.330	33.028	34.197
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	45.530	46.228	47.397
Long-term borrowings	52.763	50.720	34.946
Short term borrowings	72.487	150.615	112.244
Total borrowings	125.250	201.335	147.190
Debt/Equity ratio	2.751	4.355	3.105

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 Income	400.262	390.806	440.820
		(2.362)	12.798

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 Income	400.262	390.806	440.820
Profit	9.351	0.350	1.170
	2.34%	0.09%	0.27%

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	Yes
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	No
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

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	90142655	07/10/2015 *	450,949,000.00	THE KARUR VYSYA BANK LIMITED	DOOR NO 315, FIRST FLOOR, TIRUPUR OVERSEAS BRANCH,  KUMARAN ROAD, TIRUPUR - 641601, TAMIL NADU, INDIA	C72302441

* Date of charge modification

PERFORMANCE

During the year the company had achieved total turnover of Rs 412.485 million of which Rs 278.768 million was direct exports and Rs 107.372 million towards Bleaching and Dyeing charges received during the financial year, as against a total turnover of Rs 366.301 million during the previous year of which Rs 275.596 million was direct exports and Rs 65.057 million towards Bleaching and Dyeing charges. Net Profit for the year is Rs 2.773 million against Rs 1.038 million earned during the previous year before appropriations and provision. Management is confident of showing better performance during the ensuing financial year.

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 records 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.66.65
UK Pound	1	Rs.99.61
Euro	1	Rs.72.33

INFORMATION DETAILS

Information Gathered by :	SUP
Analysis Done by :	AMR
Report Prepared by :	ARC

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	2
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		32

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.