MIRA INFORM REPORT

Report No. :	309344
Report Date :	25.02.2015

IDENTIFICATION DETAILS

Name :	O. P. GUPTA AND SONS PRIVATE LIMITED
Registered Office :	B-94, Okhla Industrial Area, Phase-II, New Delhi – 110 020
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	24.10.1966
Com. Reg. No.:	55-004663
Capital Investment / Paid-up Capital :	Rs.0.750 million
CIN No.: [Company Identification No.]	U74899DL1966PTC004663
IEC No.:	Not Available
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 :	Trader of Iron and Steel.
No. of Employees :	Information declined by the Management.

RATING & COMMENTS

MIRA’s Rating :

B (28)

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

Status :	Small Company
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a small company in its field. Its scale of activities are limited. Management of the company has failed to file its financial for the year 2014 with the Government Department. As per available financial of 2013, the company has achieved minimal sales turnover from its operations. Trade relations are fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for small 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 – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
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 31-03-2014.

INFORMATION DECLINED BY

Name :	Mr. Anil Singhal
Designation :	D.G.M. – Finance
Contact No.:	91-11-45550225
Name :	Mr. Balwinder
Designation :	Office Executive
Date :	23.02.2015

LOCATIONS

Registered Office :	B-94, Okhla Industrial Area, Phase-II, New Delhi – 110 020, India
Tel. No. :	91-11-45550225/ 45550231
Mobile No.:	91-9646030036 (Mr. Sumeet Sharma)
Fax No. :	Not Available
E-Mail :	finance@cdsipl.com
Branch Office :	Mandi Gobindgarh – 147 301, Punjab, India

DIRECTORS

AS ON 30.09.2013

Name :

Mr. Satish Chandra Gupta

Designation :

Managing Director

Address :

4, Ashoka Avenue, DLF Farms, Chattapur, New Delhi – 110 030, India

Date of Birth/Age :

29.01.1944

Date of Appointment :

24.10.1966

DIN No. :

01219218

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	U74899DL1966PTC004663	O. P. GUPTA AND SONS PRIVATE LIMITED	Managing director	24/10/1966	24/10/1966	-	Active	NO
2	U74899DL1995PLC074120	CHANDRA GLOBAL FINANCE LIMITED	Managing director	24/11/1995	24/11/1995	-	Active	NO
3	U45203DL2004PTC126630	CENTRODORSTROY (INDIA) PRIVATE LIMITED	Director	30/09/2010	03/12/2009	-	Active	NO
4	U74900DL2010PTC198033	GIPRODORNII INDIA PRIVATE LIMITED	Director	15/01/2010	15/01/2010	-	Active	NO

Name :

Ms. Neena Chandra Gupta

Designation :

Director

Address :

4, Ashoka Avenue, DLF Farms, Chattapur, New Delhi – 110 030, India

Date of Birth/Age :

18.12.1943

Date of Appointment :

27.11.1978

DIN No. :

00575328

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	U74899DL1966PTC004663	O. P. GUPTA AND SONS PRIVATE LIMITED	Director	27/11/1978	27/11/1978	-	Active	NO
2	U74899DL1995PLC074120	CHANDRA GLOBAL FINANCE LIMITED	Director	24/11/1995	24/11/1995	-	Active	NO
3	U45203DL2004PTC126630	CENTRODORSTROY (INDIA) PRIVATE LIMITED	Additional director	01/05/2014	01/05/2014	-	Active	NO

Name :

Mr. Sandeep Chandra

Designation :

Additional Director

Address :

4, Ashoka Avenue, DLF Farms, Chattapur, New Delhi – 110 030, India

Date of Birth/Age :

19.11.1970

Date of Appointment :

30.04.2009

DIN No. :

00575228

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	U74899DL1995PLC074120	CHANDRA GLOBAL FINANCE LIMITED	Director	24/11/1995	24/11/1995	-	Active	NO
2	U45203DL2004PTC126630	CENTRODORSTROY (INDIA) PRIVATE LIMITED	Managing director	12/06/2006	28/05/2004	-	Active	NO
3	U74899DL1966PTC004663	O. P. GUPTA AND SONS PRIVATE LIMITED	Additional director	30/04/2009	30/04/2009	-	Active	NO
4	U70101MP2013PTC031188	AGROH BIAORA TOLLWAYS PRIVATE LIMITED	Director	19/07/2013	19/07/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Anil Singhal
Designation :	D.G.M. – Finance
Name :	Mr. Balwinder
Designation :	Office Executive

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2013

Names of Shareholders	No. of Shares	Percentage of holding
Satish Chandra Gupta	3775	50.33
Neena Chandra Gupta	725	9.67
Sandeep Chandra	3000	40.00
Total	7500	100.00

AS ON 30.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Directors or relatives of Directors	100.00

BUSINESS DETAILS

Line of Business :	Trader of Iron and Steel.
Products :	Iron and Steel
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
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

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

No. of Employees :

Information declined by the Management.

Bankers :

Banker Name	Corporation Bank
Branch Address	Greater Kailash-II, New Delhi – 110 048, 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 :

SECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG TERM BORROWINGS
Term Loans from Corporation Bank against hypothecation of Vehicles.	0.821	0.000
Total	0.821	0.000

Banking Relations :	--
Auditors :
Name :	Aditya and Associates Chartered Accountants
Address :	122, Mandakini Enclave, Alaknanda, New Delhi – 110 019, India
Tel. No. :	91-11-26274956
PAN No.:	AABFA4173D
Memberships :	Not Available
Collaborators :	Not Available
Subsidiary Company :	Centrodorstroy (India) Private Limited (CIN No.: U45203DL2004PTC126630)

CAPITAL STRUCTURE

AS ON 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
9000	Equity Shares	Rs.100/- each	Rs.0.900 million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
7500	Equity Shares	Rs.100/- each	Rs.0.750 million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1) Shareholders' Funds
(a) Share Capital	0.750	0.750
(b) Reserves & Surplus	51.534	49.505
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	52.284	50.255
(3) Non-Current Liabilities
(a) Long-term borrowings	0.821	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) Long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	0.821	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000
(b) Trade payables	0.000	0.000
(c) Other current liabilities	140.215	160.294
(d) Short-term provisions	1.948	0.568
Total Current Liabilities (4)	142.163	160.862
TOTAL	195.268	211.117
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	51.788	51.904
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	62.752	62.752
(c) Deferred tax assets (net)	0.798	0.851
(d) Long-term Loan and Advances	0.000	0.000
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	115.338	115.507
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	0.000	0.000
(c) Trade receivables	3.913	3.749
(d) Cash and cash equivalents	3.972	5.534
(e) Short-term loans and advances	72.045	86.327
(f) Other current assets	0.000	0.000
Total Current Assets	79.930	95.610
TOTAL	195.268	211.117

SOURCES OF FUNDS		31.03.2011
SHAREHOLDERS FUNDS
1] Share Capital		0.750
2] Share Application Money		0.000
3] Reserves & Surplus		47.181
4] (Accumulated Losses)		0.000
NETWORTH		47.931
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.000
TOTAL BORROWING		0.000
DEFERRED TAX LIABILITIES		0.000
TOTAL		47.931
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		54.017
Capital work-in-progress		0.000
INVESTMENT		62.752
DEFERRED TAX ASSETS		0.683
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	3.736
	Cash & Bank Balances	1.580
	Other Current Assets	0.000
	Loans & Advances	155.636
Total Current Assets		160.952
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	11.346
	Other Current Liabilities	218.390
	Provisions	0.737
Total Current Liabilities		230.473
Net Current Assets		(69.521)
MISCELLANEOUS EXPENSES		0.000
TOTAL		47.931

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Revenue from operations	9.475	8.377	12.362
		Other Income	0.025	0.275
		TOTAL	9.500	8.652	12.362
Less	EXPENSES
		TOTAL	5.532	4.397	6.536
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		3.968	4.255	5.826
Less/ Add	DEPRECIATION/ AMORTISATION		1.214	1.400	1.851
	PROFIT/ (LOSS) BEFORE TAX		2.754	2.855	3.975
Less	TAX		0.604	0.403	0.779
	PROFIT/ (LOSS) AFTER TAX		2.150	2.452	3.196
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		22.863	20.411	17.215
	Transfer from Investment Allowance reserve		0.163	0.000	0.000
	BALANCE CARRIED TO THE B/S		25.176	22.863	20.411
	Earnings / (Loss) Per Share (Rs.)		286.67	326.93	426.13

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Net Profit Margin (PAT/Sales)	(%)	22.69	29.27	NA
Return on Total Assets (PBT/Total Assets}	(%)	2.09	1.94	1.85
Return on Investment (ROI) (PBT/Networth)		0.05	0.06	0.08
Debt Equity Ratio (Total Debt/Networth)		0.02	0.00	0.00
Current Ratio (Current Asset/Current Liability)		0.56	0.59	0.70

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013
	(INR in Mlns.)	(INR in Mlns.)
Share Capital	0.750	0.750
Reserves & Surplus	49.505	51.534
Money received against share warrants	0.000	0.000
Share Application money pending allotment	0.000	0.000
Net worth	50.255	52.284
Long Term borrowings	0.000	0.821
Short Term borrowings	0.000	0.000
Total borrowings	0.000	0.821
Debt/Equity ratio	0.000	0.016

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(INR in Mlns)	(INR in Mlns)	(INR in Mlns)
Total Income	12.362	8.652	9.500
		(30.011)	9.801

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(INR in Mlns)	(INR in Mlns)	(INR in Mlns)
Total Income	12.362	8.652	9.500
Profit	3.196	2.452	2.150
	25.85%	28.34%	22.63%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	-----
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	-----
22]	Litigations that the firm / promoter involved in	-----
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	-----
26]	Buyer visit details	-----
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	No
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

INDEX OF CHARGES

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10365447	22/06/2012	925,000.00	CORPORATION BANK	GREATER KAILASH-II, NEW DELHI, DELHI - 110048, INDIA	B43618404
2	10317734	04/10/2011	45,000,000.00	CORPORATION BANK	M 3&4,GREATER KAILASH-II, NEW DELHI, NEW DELHI, DELHI - 110048, INDIA	B25338559
3	10135712	22/11/2008	3,374,000.00	CORPORATION BANK	M-3&4, M BLOCK MARKET, GREATER KAILASH-II, NEW DELHI, NEW DELHI, DELHI - 110049, INDIA	A53596318
4	10135955	12/11/2008	615,000.00	CORPORATION BANK	M-3&4, M BLOCK MARKET, GREATER KAILASH-II, NEW DELHI, NEW DELHI, DELHI - 110049, INDIA	A53911152
5	10114181	10/09/2009 *	1,260,800,000.00	CORPORATION BANK	M - 3 & 4, GREATER KAILASH - II, NEW DELHI, DELHI - 110048, INDIA	A72317878
6	10100589	15/03/2008	10,200,000.00	CORPORATION BANK	M - 3 & 4,, GREATER KAILASH - II, NEW DELHI, DELHI - 110048, INDIA	A37552270
7	10089558	21/01/2008	16,200,000.00	CORPORATION BANK	M - 3 & 4, GREATER KAILASH - II, NEW DELHI, DELHI - 110048, INDIA	A33215922
8	10003688	14/03/2006	72,000,000.00	CORPORATION BANK	GREATER KAILASH - II, NEW DELHI, DELHI - 110048, INDIA	A00574400
9	80014632	15/06/2009 *	530,800,000.00	CORPORATION BANK	M3&4,GREATER KAILASH-II, NEW DELHI, NEW DELHI, DELHI - 110048, INDIA	A65391484
10	90054817	19/01/2005 *	60,000,000.00	CORPORATION BANK	GRETER KAILASH - II, NEW DELHI, DELHI, INDIA	-
11	90051937	17/09/1983 *	200,000.00	STATE BANK OF INDIA	P.S. ROAD, KAROL BAGH, NEW DELHI, DELHI, INDIA	-
12	90051900	03/12/1980	470,000.00	DELHI FINANCIAL CORPORATION	SARASWATI BHAWAN, E - BLOCK CONNAUGHT PLACE, NEW  DELHI, DELHI, INDIA	-
13	90051899	15/11/1983 *	470,000.00	DELHI FINANCIAL CORPORATION	SARASWATI BHAWAN, E - BLOCK CONNAUGHT PLACE, NEW  DELHI, DELHI, INDIA	-

* Date of charge modification

FIXED ASSETS

· Air Conditioner

· Attendance Machine

· Building

· Car

· Computer

· CCTV Camera

· EPBAX

· Fan

· Fax Machine

· Furniture and Fixture

· Genset

· Inverter

· Land

· Lawn Mover

· Mobile Hand Sets

· Refrigerator

· Television

· Typewriter

· Vacuum Cleaner

· Water Cooler

· Water Filter cum Purifier

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.62.28
UK Pound	1	Rs.96.21
Euro	1	Rs.70.60

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	RAS
Report Prepared by :	SMN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
-- PROFITABILITY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--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	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		28

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.