MIRA INFORM REPORT

Report No. :	330576
Report Date :	08.07.2015

IDENTIFICATION DETAILS

Name :	R.S. ENTERPRISES (INDIA) PRIVATE LIMITED

Registered Office :	31, Ganesh Chandra Avenue, 2nd Floor, Kolkata – 700013, West Bengal
Tel. No.:	91- 33-22250143

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	15.11.2007

Com. Reg. No.:	21-120367

Capital Investment / Paid-up Capital :	Rs. 4.702 Million

CIN No.: [Company Identification No.]	U17200WB2007PTC120367

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 :	Subject is engaged in the business of trading interlinings (cloth).

No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

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

Maximum Credit Limit :	USD 300000

Status :	Satisfactory

Payment Behaviour :	Usually correct

Litigation :	Clear

Comments :	Subject t is an established company having satisfactory track record. General financial position of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. Subject can be considered for business dealings at 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

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 31-03-2013.

INFORMATION DENIED BY

Name :	Mr. Manoj Bajaj
Designation :	Director
Contact No.:	91-9831181489
Date :	07.07.2015

LOCATIONS

Registered Office :	31, Ganesh Chandra Avenue, 2nd Floor, Kolkata – 700013, West Bengal, India
Tel. No.:	91- 33-22250143
Fax No.:	91-33-22250143
E-Mail :	manojbajaj3@rediffmail.com

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Manoj Kumar Bajaj

Designation :

Director

Address :

31, Ganesh Chandra Avenue, HDFC Bank Building, 2^nd Floor, Kolkata – 700013, West Bengal, India

Date of Birth/Age :

21.06.1972

Date of Appointment :

15.11.2007

DIN No.:

00550758

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	U74210WB1996PTC078395	AGRA CONSULT PRIVATE LIMITED	Director	15-03-2004	15-03-2004	01-04-2010	Active	NO
2	U51109WB2006PTC108618	MATHURA MARKETING PRIVATE LIMITED	Director	21-03-2006	21-03-2006	-	Active	NO
3	U51909WB2004PTC099920	AGRA TRADELINK PRIVATE LIMITED	Director	21-03-2006	21-03-2006	20-07-2010	Active	NO
4	U45200WB2007PTC112855	T. G. REALTORS PRIVATE LIMITED	Director	29-01-2007	29-01-2007	-	Active	NO
5	U45200WB2007PTC112854	T. G. ESTATES PRIVATE LIMITED	Director	29-01-2007	29-01-2007	-	Active	NO
6	U17200WB2007PTC120367	R.S. ENTERPRISES (INDIA) PRIVATE LIMITED	Director	15-11-2007	15-11-2007	-	Active	NO
7	U27109WB1986PTC040582	TAURUS ISPAT PRIVATE LIMITED	Director	11-04-2008	11-04-2008	-	Active	NO
8	U74140WB2008PTC131281	D K C CONSULTANT PRIVATE LIMITED	Director	16-12-2008	16-12-2008	-	Active	NO
9	U51909WB2008PTC131498	T. G. INTERLININGS PRIVATE LIMITED	Director	26-12-2008	26-12-2008	-	Active	NO
10	U51109WB2006PTC110139	MATAJI DEALING PRIVATE LIMITED	Director	10-11-2009	10-11-2009	-	Active	NO
11	U40300WB2010PTC150040	SUNGOLD ENERGY PRIVATE LIMITED	Director	31-05-2010	31-05-2010	10-01-2013	Active	NO
12	U51109WB2008PTC128742	NICE DEALERS PRIVATE LIMITED	Director	01-06-2010	01-06-2010	-	Active	NO
13	U45400WB2008PTC126794	OLYMPIC PROPERTIES PRIVATE LIMITED	Director	01-06-2010	01-06-2010	-	Active	NO

Name :

Mr. Manish Kumar Bajaj

Designation :

Director

Address :

31, Ganesh Chandra Avenue, 2nd Floor, Kolkata - 700013, West Bengal, India

Date of Birth/Age :

05.03.1976

Date of Appointment :

15.11.2007

DIN No.:

01213673

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	U45200WB2007PTC112854	T. G. ESTATES PRIVATE LIMITED	Director	29-01-2007	29-01-2007	-	Active	NO
2	U45200WB2007PTC112855	T. G. REALTORS PRIVATE LIMITED	Director	29-01-2007	29-01-2007	-	Active	NO
3	U17200WB2007PTC120367	R.S. ENTERPRISES (INDIA) PRIVATE LIMITED	Director	15-11-2007	15-11-2007	-	Active	NO
4	U51909WB2008PTC131498	T. G. INTERLININGS PRIVATE LIMITED	Director	26-12-2008	26-12-2008	-	Active	NO
5	U40300WB2010PTC149929	STAR SOLAR POWER PRIVATE LIMITED	Director	28-05-2010	28-05-2010	10-01-2013	Active	NO
6	U51109WB2008PTC128742	NICE DEALERS PRIVATE LIMITED	Director	01-06-2010	01-06-2010	-	Active	NO
7	U45400WB2008PTC126794	OLYMPIC PROPERTIES PRIVATE LIMITED	Director	01-06-2010	01-06-2010	-	Active	NO
8	U51109WB2006PTC107006	GREENVIEW TIE-UP PRIVATE LIMITED	Additional director	16-03-2015	16-03-2015	-	Active	NO

Name :

Mr. Niraj Kumar Jhunjhunwala

Designation :

Director

Address :

357/8, Prince Anwar Shah Road, 1st, Floor, Kolkata - 700068, West Bengal, India

Date of Birth/Age :

07.12.1968

Date of Appointment :

30.06.2014

DIN No.:

00241089

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	L40109WB1956PLC023293	MOZUFFARPORE ELECTRIC SUPPLY CO LIMITED	Director	29-08-1997	29-08-1997	30-10-2013	Active	NO
2	U25111WB1982PLC035127	ART RUBBER INDUSTRIES LIMITED	Director	20-08-2002	20-08-2002	-	Active	NO
3	U72900WB2005PTC102892	ULTIMAX BUSINESS SOLUTIONS PRIVATE LIMITED	Director	21-02-2007	21-02-2007	13-08-2009	Active	NO
4	L01132WB1889PLC000576	NEW CHUMTA TEA COMPANY LIMITED	Director	23-03-2007	23-03-2007	-	Active	NO
5	U27109WB1986PTC040582	TAURUS ISPAT PRIVATE LIMITED	Director	11-04-2008	11-04-2008	-	Active	NO
6	U51109WB1996PTC080341	SPACE MATRIX PRIVATE LIMITED	Additional director	11-08-2008	11-08-2008	25-03-2011	Active	NO
7	U51103WB2008PLC129288	BAGLA COMMERCIAL ENTERPRISES LIMITED	Director	12-09-2008	12-09-2008	-	Active	NO
8	U74140WB2008PTC131281	D K C CONSULTANT PRIVATE LIMITED	Director	16-12-2008	16-12-2008	-	Active	NO
9	U70109WB2011PTC163902	KN NIRMAN PRIVATE LIMITED	Director	20-06-2011	20-06-2011	05-10-2014	Active	NO
10	U70109WB2011PTC163901	SOUTHEND ENCLAVE PRIVATE LIMITED	Director	20-06-2011	20-06-2011	05-10-2014	Active	NO
11	U17200WB2007PTC120367	R.S. ENTERPRISES (INDIA) PRIVATE LIMITED	Director	30-09-2014	30-06-2014	-	Active	NO
12	U70102WB2015PTC206261	MASTERMIND HOUSING PRIVATE LIMITED	Director	07-05-2015	07-05-2015	-	Active	NO

MAJOR SHAREHOLDERS

AS ON 30.09.2014

(SHAREHOLDERS DETAILS FILE ATTCHED)

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Bodies corporate	44.96
Directors or relatives of Directors	49.97
Other top fifty shareholders	5.07
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the business of trading interlinings (cloth).

Products :	Clothe

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 :	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 :	Not Divulged
Remark:	Not Divulged

No. of Employees :

Information declined by the management

Bankers :

Axis Bank Limited
HDFC Bank Limited

Banker Name	ICICI Bank Limited
Branch Address	Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Vehicle Loan – HDFC Bank Limited	1.003	0.856
Vehicle Loan – Axis Bank Limited	0.262	0.374
Home Loan - ICICI Bank Limited	8.734	5.333
Total	9.999	6.563

Auditors :
Name :	Akhileshwar Prasad and Company Chartered Accountants
Address :	Nilhat House, 11 R N Mukherjee Raod, Kolkata – 700001, West Bengal, India
Tel. No.:	91-33-22627279, 22133179
Fax No.:	91-33-22306106
E-Mail :	dghosh.ca@gmail.com
PAN N Income-tax PAN of auditor or auditor's firm :	AAKFA1179N

Memberships :	Not Available

Collaborators :	Not Available

Enterprises in which Key Management personnel (KMP) of shareholders or their relatives have significant influence:	T. G. Estates Private Limited T.G. Realtors Private Limited T.G Interlinings Private Limited Nice Dealers Private Limited Olympic Properties Private Limited Mathura Marketing Private Limited

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

500000	Equity Shares	Rs.10/- each	Rs.5.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

470200	Equity Shares	Rs.10/- each	Rs.4.702 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	4.702	4.036	4.036
(b) Reserves & Surplus	90.815	74.587	71.477
(c) Money received against share warrants	0.000	0.000	0.000

(2) Share Application money pending allotment	0.000	8.500	0.000
Total Shareholders’ Funds (1) + (2)	95.517	87.123	75.513

(3) Non-Current Liabilities
(a) long-term borrowings	35.621	25.895	24.826
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(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)	35.621	25.895	24.826

(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.539
(b) Trade payables	21.701	11.041	5.191
(c) Other current liabilities	7.826	10.474	2.070
(d) Short-term provisions	0.000	0.000	1.300
Total Current Liabilities (4)	29.527	21.515	9.100

TOTAL	160.665	134.533	109.439

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2.863	3.684	2.180
(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	5.275	5.675	0.857
(c) Deferred tax assets (net)	0.177	0.177	0.132
(d) Long-term Loan and Advances	21.039	14.908	14.374
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	29.354	24.444	17.543

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	23.737	23.059	16.951
(c) Trade receivables	98.095	74.542	57.540
(d) Cash and cash equivalents	6.389	7.659	11.416
(e) Short-term loans and advances	3.090	4.829	4.858
(f) Other current assets	0.000	0.000	1.131
Total Current Assets	131.311	110.089	91.896

TOTAL	160.665	134.533	109.439

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	NA	NA	NA
	Other Income	NA	NA	NA
	TOTAL	NA	NA	NA

	EXPENSES	NA	NA	NA

	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	9.496	7.846	7.251

Less	FINANCIAL EXPENSES	3.117	2.108	1.769

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	6.379	5.738	5.482

Less/ Add	DEPRECIATION/ AMORTISATION	0.956	0.922	0.707

	PROFIT/ (LOSS) BEFORE TAX	5.423	4.816	4.775

Less	TAX	1.850	1.705	1.238

	PROFIT/ (LOSS) AFTER TAX	3.573	3.111	3.537

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	10.203	7.092	3.555

	Balance Carried to the B/S	13.776	10.203	7.092

	Earnings / (Loss) Per Share (Rs.)	8.11	7.71	7.52

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 flows from (used in) operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	3.49	3.74	4.40

Return on Investment (ROI) (PBT/Networth)		0.06	0.06	0.06

Debt Equity Ratio (Total Debt /Networth)		0.37	0.30	0.34

Current Ratio (Current Asset/Current Liability)		4.45	5.12	10.10

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	4.036	4.036	4.702
Reserves & Surplus	71.477	74.587	90.815
Net worth	75.513	87.123	95.517

long-term borrowings	24.826	25.895	35.621
Short term borrowings	0.539	0.000	0.000
Total borrowings	25.365	25.895	35.621
Debt/Equity ratio	0.336	0.297	0.373

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	No
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

GENERAL INFORMATION:

Subject is a company limited by shares domiciled in India and is incorporated under the provisions of the companies Act, 1956. The unit is engaged in the business of trading interlinings (cloth).

UNSECURED LOAN

Particulars	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Bodies Corporate	19.521	2.168
Others	6.101	17.164
Total	25.622	19.332

INDEX OF CHARGES

FIXED ASSETS

Tangible Assets

Weighing Machine
Mobiles
Aqua guard
Fire Equipments
Plant and Machinery
Fax
Vehicles
Motor Car
Motor Cycle
Auto
Computer
Furniture

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.63.37
UK Pound	1	Rs.98.86
Euro	1	Rs.69.97

INFORMATION DETAILS

Information Gathered by :	KAM

Analysis Done by :	SAN

Report Prepared by :	GTA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--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		47

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.

MIRA INFORM REPORT

INDEX OF CHARGES

Unit