MIRA INFORM REPORT

Report No. :	355443
Report Date :	22.12.2015

IDENTIFICATION DETAILS

Name :	ASAHI ROPES PRIVATE LIMITED (w.e.f. 23.12.2009)
Formerly Known As :	ASAHI STEEL INDUSTRIES PRIVATE LIMITED
Registered Office :	902, KLJ Tower North, Netaji Subhash Place, Pitampura, Delhi-110034
Tel. No.:	91-11-49002900
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	07.02.1986
Com. Reg. No.:	55-023284
Capital Investment / Paid-up Capital :	Rs. 4.470 Million
CIN No.: [Company Identification No.]	U74899DL1986PTC023284
IEC No.:	0591031591
CST No.:	07020120838C
VAT No.:	07020120838V
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACA1272B
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of High Carbon and Stainless Steel Wire Ropes, Strands, Slings. (Registered Activity)
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

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

Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject was incorporated in the year 1986 and it is having satisfactory track record. The rating on company reflects comfortable financial risk profile characterized by low leverage, comfortable debt coverage indicators along with comfortable liquidity position. The rating also derives strength from company experienced promoters and established track record of company operations. This rating strength is partially offset by company marginal decline in reserves from its previous year and loss reported from it operation during the tear under review. However, trade relations are reported to be fair. Business is active. Payments are reported to be slow but correct. In view of aforesaid, the company can be considered for business dealings with usual trade 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	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	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 DENIED BY

Name :	Mr. Mukesh Gupta
Designation :	Director
Contact No.:	91-11-49002900
Date :	21.12.2015

LOCATIONS

Registered Office/ Corporate Office :	902, KLJ Tower North, Netaji Subhash Place, Pitampura , Delhi-110034, India
Tel. No.:	91-11-49002900
Fax No.:	91-11-49002999
E-Mail :	access@asahiropes.in
Website :	http://asahiropes.in

DIRECTORS

As on 31.03.2015

Name :

Mr. Mukesh Gupta

Designation :

Director

Address :

A-20, C C Colony, Delhi – 110007, India

Date of Birth/Age :

09.10.1959

Date of Appointment :

07.02.1986

DIN No.:

00047854

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	U74899DL1986PTC023284	ASAHI ROPES PRIVATE LIMITED	Director	07/02/1986	07/02/1986	-	Active	NO
2	U74899DL1992PTC050846	FOUR EMM CREDIT AND PORTFOLIO PRIVATE LIMITED	Director	03/11/1992	03/11/1992	-	Active	NO

Name :

Mr. Ashwani Gupta

Designation :

Director

Address :

B 253, 1^st Floor, Lok Vihar, Pitampura, Delhi – 110034, India

Date of Birth/Age :

19.03.1959

Date of Appointment :

07.02.1986

DIN No.:

00841797

Name :

Mr. Nanak Saran Singh

Designation :

Director

Address :

180, Dharam Kunj Apartment, Sector – 9, Rohini, Delhi – 110085, India

Date of Birth/Age :

30.06.1963

Date of Appointment :

01.05.1997

DIN No.:

00841829

Name :

Mr. Mikesh Gupta

Designation :

Director

Address :

A-20, B- Block, Near Taxi Stand, C. C. Colony, Delhi-110007, India

Date of Appointment :

30.09.2015

DIN No.:

07133155

Name :

Mr. Nakul Gupta

Designation :

Director

Address :

B-253, FF, Lok Vihar, Pitampura, Delhi-110034, India

Date of Appointment :

30.09.2015

DIN No.:

07133166

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2015

Names of Shareholders		No. of Shares
Ashwani Gupta		66600
Arun Gupta		100
Anita Gupta		10150
AshwaniGupta(Karta)		16550
Gita Devi		13500
Hardial Singh (Karta)		41000
Harpreet Kaur		48000
Kanta Gupta		9800
Mukesh Kr. Gupta		16200
Shubhra Gupta		15500
Meena Gupta		16000
Mukesh Kr. Gupta (Karta)		17500
Nanak Saran Singh		1000
Ruchika GuPta		100
Sangeeta GuPta		28500
Surindra Kaur		47500
Mikesh Gupta		16000
Mansi GuPta		16000
Four EMM Credit and Portfolio Private Limited, India		37000
Nakul Gupta		28000
Indra Pal Gupta	`	200
Rakesh Gupta		200
Rakesh Gupta HUF		1600
Total		447000

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Bodies corporate	2.68
Directors or relatives of Directors	97.32
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of High Carbon and Stainless Steel Wire Ropes, Strands, Slings. (Registered Activity)

Products :

Item Code No.	Product Description
99611925	Steel Wires

• Steel Wire Ropes
• Wire Rope for Cranes and Hoist
• Stainless Steel Ropes
• PVC Coated Ropes
• High Carbon Wire Ropes
• Galvanised Wire Ropes
• Heavy Duty Steel Wire Rope
• Hoist Rope
• Ganty Ropes
• Mining Ropes
• SS Ropes for High Mast
• Wire Saw Ropes

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Payment Behaviour	Market Goodwill	Overall
Not Divulged	Not Divulged	Not Divulged

Remark:

Not Divulged

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Product Quality	Delivery Behaviour	Overall
Not Divulged	Not Divulged	Not Divulged

Remark:

Not Divulged

No. of Employees :

Not Divulged

Bankers :

Bank Name	Citi Bank N.A.
Branch	Anna Salai P.O., Chennai- 600002, Tamilnadu, 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

· Union Bank of India

Facilities :

Secured Loan	31.03.2015 (Rs. in Million)	31.03.2014 (Rs. in Million)
Short-term borrowings
Cash Credit with Union Bank of India	10.300	7.371
Total	10.300	7.371
Notes : Short-term borrowings Cash Credit Limit with Union Bank of India secured by the hypothecation of stock of Raw-Material, Semi-Finished Goods and Finished Goods and sundry debtors and collaterally secured by way of Mortgage of land and building at khasra No. 429/2, village hamidpur, Delhi -110036 and second charges by way of hyothecation of plant and machinery and personally guaranteed by the Directors.

Auditors :
Name :	L N Choudhary and Company Chartered Accountants
Address :	509, Luxmi Tower, Azadpur, Delhi-110033, India
PAN N Income-tax PAN of auditor or auditor's firm :	AACFL0859Q
Memberships :	--
Collaborators :	--
Enterprises over which key management personnel have control :	Four Emm Credit And Portfolio Private Limited

CAPITAL STRUCTURE

As on 30.09.2015

Authorised Capital :

No. of Shares	Type	Value	Amount
500,000	Equity Shares	Rs.10/- each	Rs. 5.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
447,000	Equity Shares	Rs.10/- each	Rs. 4.470 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2015	31.03.2014	31.03.2013
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	4.470	4.470	2.470
(b) Reserves & Surplus	19.752	22.491	11.724
(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)	24.222	26.961	14.194
(3) Non-Current Liabilities
(a) long-term borrowings	13.458	23.366	23.659
(b) Deferred tax liabilities (Net)	0.749	1.995	1.790
(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)	14.207	25.361	25.449
(4) Current Liabilities
(a) Short term borrowings	10.300	7.371	7.137
(b) Trade payables	23.793	23.481	27.319
(c) Other current liabilities	3.625	4.840	4.904
(d) Short-term provisions	0.000	0.229	0.264
Total Current Liabilities (4)	37.718	35.921	39.624
TOTAL	76.147	88.243	79.267
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	27.275	28.020	26.856
(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	0.000	0.000	0.000
(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	27.275	28.020	26.856
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	17.451	29.495	22.161
(c) Trade receivables	27.661	26.626	26.428
(d) Cash and cash equivalents	0.803	1.037	0.902
(e) Short-term loans and advances	2.957	3.065	2.920
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	48.872	60.223	52.411
TOTAL	76.147	88.243	79.267

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2015	31.03.2014	31.03.2013
	SALES
		Income	109.907	98.722	101.284
		Other Income	0.077	0.076
		TOTAL (A)	109.984	98.798	101.284
Less	EXPENSES
		Cost of Materials Consumed	82.619	85.078
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	9.345	(9.331)
		Employees benefits expense	8.523	7.597
		Other expenses	8.979	8.800
		TOTAL (B)	109.466	92.144	99.896 (Including Financial and Depreciation)
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)		0.518	6.654
Less	FINANCIAL EXPENSES (D)		3.303	3.668
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(2.785)	2.986
Less/ Add	DEPRECIATION/ AMORTISATION (F)		2.284	1.785
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		(5.069)	1.201	1.388
Less	TAX (H)		(1.245)	0.434	0.553
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		(3.824)	0.767	0.835
	EARNINGS IN FOREIGN CURRENCY
		F.O.B. Value of Exports	4.353	1.048	4.447
	TOTAL EARNINGS		4.353	1.048	4.447
	Earnings / (Loss) Per Share (Rs.)		(8.55)	2.77	3.38

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015	31.03.2014	31.03.2013
Current Maturities of Long term debt	0.000	0.569	1.264
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operation	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	(3.48)	0.78	NA
Operating Profit Margin (PBIDT/Sales)	(%)	0.47	6.74	NA
Return on Total Assets (PBT/Total Assets}	(%)	(6.66)	1.36	1.75
Return on Investment (ROI) (PBT/Networth)		(0.21)	0.04	0.10
Debt Equity Ratio (Total Debt /Networth)		0.98	1.16	2.26
Current Ratio (Current Asset/Current Liability)		1.30	1.68	1.32

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	2.470	4.470	4.470
Reserves & Surplus	11.724	22.491	19.752
Net worth	14.194	26.961	24.222
long-term borrowings	23.659	23.366	13.458
Short term borrowings	7.137	7.371	10.300
Current maturities of long-term debts	1.264	0.569	0.000
Total borrowings	32.060	31.306	23.758
Debt/Equity ratio	2.259	1.161	0.981

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Total Income	101.284	98.798	109.984
		(2.454)	11.322

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Total Income	101.284	98.798	109.984
Profit	0.835	0.767	(3.824)
	0.82%	0.78%	(3.48%)

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

UNSECURED LOANs

Particular	31.03.2015 (Rs. in Million)	31.03.2014 (Rs. in Million)
Long-term Borrowings
From Directors and Relatives	13.458	23.366
Total	13.458	23.366

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10607231	08/12/2015	8,940,000.00	Citi Bank N.A.	ANNA SALAI P.O., CHENNAI, Tamil Nadu - 600002, INDIA	C72909450
2	10139211	16/12/2008	4,500,000.00	HARYANA FINANCIAL CORPORATION	17, 18 & 19, SECTOR-17/A, CHANDIGARH, Chandigarh  - 160017, INDIA	A55024921
3	10121190	08/08/2008	200,000.00	UNION BANK OF INDIA	CHAWRI BAZAR, DELHI, Delhi - 110006, INDIA	A45534468
4	90054894	09/10/2012 *	14,500,000.00	Union Bank of India	3581, Chawri Bazar, Delhi, Delhi - 110006, INDIA	B61669735
5	90054442	16/02/2002	1,300,000.00	UNION BANK OF INDIA	CHAWARI BAZAR, DELHI, Delhi - 110006, INDIA	-
6	90054227	25/05/2001	1,130,000.00	UNION BANK OF INDIA	CHAWARI BAZAR, DELHI, Delhi, INDIA	-
7	90054008	07/09/2000	1,100,000.00	UNION BANK OF INDIA	CHAWARI BAZAR, DELHI, Delhi - 110006, INDIA	-
8	90052883	29/03/1996	100,000.00	UNION BANK OF INDIA	CHAWARI BAZAR, DELHI, Delhi, INDIA	-
9	90052555	31/07/1993	435,000.00	UNION BANK OF INDIA	CHAWARI BAZAR, DELHI, Delhi - 110006, INDIA	-
10	90052334	29/03/1996 *	434,000.00	UNION BANK OF INDIA	CHAWARI BAZAR, DELHI, Delhi, INDIA	-

* Date of charge modification

FIXED ASSETS

• Land
• Building
• Plant and machinery
• Office equipment
• Motor vehicle
• Computer

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 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.66.32
UK Pound	1	Rs.98.98
Euro	1	Rs.72.13

INFORMATION DETAILS

Information Gathered by :	SUP
Analysis Done by :	KAS
Report Prepared by :	JYTK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	--
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--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		43

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.