MIRA INFORM REPORT

Report No. :	324597
Report Date :	01.06.2015

IDENTIFICATION DETAILS

Name :	CHROMAPRINT INDIA PRIVATE LIMITED

Registered Office :	53 Ganesh Nagar, G N Mills MTB Post Road, Coimbatore – 641029, Tamilnadu
Tel. No.:	91-422-2642738

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	31.03.2005

Com. Reg. No.:	18-011692

Capital Investment / Paid-up Capital :	Rs.34.446 Million

CIN No.: [Company Identification No.]	U00222TZ2005PTC011692

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 :	Supplier and manufacturer of labels, cartons, pre-press, multi colour labels, hot foil stamping, pre-gummed labels, diecut labels, emboss ED label etc.

No. of Employees :	Information declined by the management

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

Maximum Credit Limit :	USD 510000

Status :	Satisfactory

Payment Behaviour :	Usually Correct

Litigation :	Clear

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

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	CRISIL
Rating	Long Term rating BB
Rating Explanation	Inadequate-credit-quality and high credit risk
Date	April 20, 2015

Rating Agency Name	CRISIL
Rating	Short Term Rating A4+
Rating Explanation	Minimal degree of safety and very high credit risk
Date	April 20, 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 31-03-2014.

INFORMATION DECLINED BY

Name :	Mr. Murli
Designation :	General Manager Finance
Contact No.:	91-422-2642738
Date :	27.05.2015

LOCATIONS

Registered Office :	53, Ganesh Nagar, G N Mills MTB Post Road, Coimbatore – 641029, Tamilnadu, India
Tel. No.:	91-422-4326100 / 2642738
Mobile No.:	91-9887991262 (Mr. Sukumar)
Fax No.:	91-422-2642213 / 2642213
E-Mail :	info@chromaprintindia.com chromaprint@eth.net materials@chromaprintindia.com contact@ksgs.co.in
Website :	http://www.chromaprintindia.com

Factory :	SF No. 215/2, 216/3, N.G.G.O Colony, Idigarani Road, Coimbatore – 641022, Tamilnadu, India
Tel No.:	91-422-2642213/738

DIRECTORS

As on : 30.09.2014

Name :

Lakshminarayana Moorthy Rajagopal

Designation :

Managing Director

Address :

53 Ganesh Nagar, G N Mills MTB Post Road, Coimbatore – 641029, Tamilnadu, India

Date of Appointment :

31.03.2005

DIN No.:

01511925

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	U22219TZ2003PTC010764	PEGASUS INDUSTRIES PRIVATE LIMITED	Director	10/09/2003	10/09/2003	-	Active	NO
2	U72200TZ2000PTC009245	MIND WARE PRIVATE LIMITED	Director	31/12/2003	31/12/2003	-	Amalgamated	NO
3	U00222TZ2005PTC011692	CHROMAPRINT INDIA PRIVATE LIMITED	Managing director	31/03/2005	31/03/2005	-	Active	NO
4	U17121TZ2007PTC013845	TECHNIGRAPHIC TEXTILE TRANSFERS (INDIA) PRIVATE LIMITED	Director	30/07/2007	30/07/2007	12/08/2008	Active	NO
5	U22200TZ2007PTC014051	PRINTELIGENT MEDIA WORKS (INDIA) PRIVATE LIMITED	Director	28/11/2007	28/11/2007	-	Active	NO
6	U22200TZ2014PTC020345	PROMETHEAN MEDIA PRIVATE LIMITED	Director	13/03/2014	13/03/2014	-	Active	NO

Name :

Mrs. L Sundari

Designation :

Director

Address :

53, Ganesh Nagar, G N Mills MTB Post Road, Coimbatore – 641029, Tamilnadu, India

Date of Appointment :

31.03.2005

DIN No.:

01810260

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	U22219TZ2003PTC010764	PEGASUS INDUSTRIES PRIVATE LIMITED	Director	10/09/2003	10/09/2003	-	Active	NO
2	U00222TZ2005PTC011692	CHROMAPRINT INDIA PRIVATE LIMITED	Director	31/03/2005	31/03/2005	-	Active	NO
3	U22200TZ2014PTC020345	PROMETHEAN MEDIA PRIVATE LIMITED	Director	13/03/2014	13/03/2014	-	Active	NO

Name :

Lakshminarayana Moorthy Yoganarasimha Moorthy

Designation :

Director

Address :

53 Ganesh Nagar, G N Mills MTB Post Road, Coimbatore – 641029, Tamilnadu, India

Date of Appointment :

07.05.2012

DIN No.:

05205715

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	U00222TZ2005PTC011692	CHROMAPRINT INDIA PRIVATE LIMITED	Director	07/05/2012	07/05/2012	-	Active	NO
2	U22200TZ2014PTC020345	PROMETHEAN MEDIA PRIVATE LIMITED	Director	13/03/2014	13/03/2014	-	Active	NO
3	U22200TZ2007PTC014051	PRINTELIGENT MEDIA WORKS (INDIA) PRIVATE LIMITED	Director	07/08/2014	07/08/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Murli
Designation :	General Manager Finance

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on : 30.09.2014

Names of Shareholders	No. of Shares	%age holding
Lakshminarayana Moorthy Rajagopal	2519652	73.15
L Sundari	375001	10.89
L. Yoga Narshimha Moorthy	550000	15.97
Total	3444653	100.00

Equity Share Break up (Percentage of Total Equity)

As on : 30.09.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Supplier and manufacturer of labels, cartons, pre-press, multi colour labels, hot foil stamping, pre-gummed labels, diecut labels, emboss ED label etc.

Products :	Cartons Pre-press Multi colour labels Hot foil stamping, Pre-gummed labels, Diecut labels, Emboss ed label

Brand Names :	Not Divulged

Agencies Held :	Not Divulged

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 :

Bank Name	State Bank of India
Branch	687-2-4, Trichy Road, Ramanathapuram Post, Coimbatore - 641045, 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

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Term Loans
From Bank	98.686	97.350
From other parties	14.092	1.621
Other loans and advances	2.078	3.136

Short-term borrowings
Loans and Repayable on demand from bank	82.088	99.729
Loans and Repayable on demand other parties	0.000	0.794

Total	196.944	202.630

Auditors :
Name :	KSG Subramanyam and Company Chartered Accountant
Address :	94-36 II Floor, United Shopping Complex, Dr. Nanjappa Road, Coimbatore – 641018, Tamilnadu, India
PAN No.:	AACFK3963E

Memberships :	Not Available

Collaborators :	Not Available

Enterprises in Which key Management Personnel or Their Relatives Exercises Significant Influence :	Target Print Printelligent Media Works Private Limited

CAPITAL STRUCTURE

As on : 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

3500000	Equity Shares	Rs.10/- each	Rs.35.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

3444653	Equity Shares	Rs.10/- each	Rs.34.446 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	34.447	34.447	12.846
(b) Reserves & Surplus	144.436	158.361	107.363
(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)	178.883	192.808	120.209

(3) Non-Current Liabilities
(a) long-term borrowings	114.856	102.107	31.254
(b) Deferred tax liabilities (Net)	45.006	20.923	20.923
(c) Other long term liabilities	48.280	70.408	96.098
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	208.142	193.438	148.275

(4) Current Liabilities
(a) Short term borrowings	82.088	100.523	67.437
(b) Trade payables	29.706	35.080	42.526
(c) Other current liabilities	45.566	22.697	20.222
(d) Short-term provisions	67.134	38.027	25.462
Total Current Liabilities (4)	224.494	196.327	155.647

TOTAL	611.519	582.573	424.131

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	338.390	362.885	230.490
(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	8.409	10.244	25.636
(e) Other Non-current assets	0.019	0.035	0.044
Total Non-Current Assets	346.818	373.164	256.170

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	69.366	38.199	26.390
(c) Trade receivables	85.893	113.158	73.698
(d) Cash and cash equivalents	48.863	9.779	12.909
(e) Short-term loans and advances	59.641	46.490	54.545
(f) Other current assets	0.938	1.783	0.419
Total Current Assets	264.701	209.409	167.961

TOTAL	611.519	582.573	424.131

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Turnover	375.371	361.396	304.494
	Other Income	NA	NA	NA
	TOTAL (A)	NA	NA	NA

Less	TOTAL EXPENSES	283.764	258.039	237.476

	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	91.607	103.357	67.018

Less	FINANCIAL EXPENSES	29.979	24.026	7.622

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	61.628	79.331	59.396

Less/ Add	DEPRECIATION/ AMORTISATION	21.604	16.526	7.866

	PROFIT/ (LOSS) BEFORE TAX	40.024	62.805	51.530

Less	TAX	33.932	12.567	26.023

	PROFIT/ (LOSS) AFTER TAX	6.092	50.238	25.507

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	95.602	45.364	19.857

	Balance Carried to the B/S	101.694	95.602	45.364

	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	0.927	0.000	0.000
	TOTAL EARNINGS	0.927	0.000	0.000

	IMPORTS
	Raw Materials	22.859	36.608	22.486
	Components and Stores parts	1.379	2.028	0.712
	Machinery	0.000	79.424	128.360
	TOTAL IMPORTS	24.238	118.060	151.558

	Earnings / (Loss) Per Share (Rs.)	1.77	14.58	7.4

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

40.800

19.055

19.105

Cash generated from operations

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	1.62	13.90	8.38

Operating Profit Margin (PBIDT/Sales)	(%)	24.40	28.60	22.01

Return on Total Assets (PBT/Total Assets}	(%)	6.55	10.78	12.15

Return on Investment (ROI) (PBT/Networth)		0.22	0.33	0.43

Debt Equity Ratio (Total Debt /Networth)		1.33	1.15	0.98

Current Ratio (Current Asset/Current Liability)		1.18	1.07	1.08

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	12.846	34.447	34.447
Reserves & Surplus	107.363	158.361	144.436
Net worth	120.209	192.808	178.883

long-term borrowings	31.254	102.107	114.856
Short term borrowings	67.437	100.523	82.088
Current Maturities of Long-Term Debts	19.105	19.055	40.800
Total borrowings	117.796	221.685	237.744
Debt/Equity ratio	0.980	1.150	1.329

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	304.494	361.396	375.371
		18.687	3.867

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	304.494	361.396	375.371
Profit	25.507	50.238	6.092
	8.38%	13.90%	1.62%

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	Yes
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

NOTE:

PERFORMANCE OF THE COMPANY:

The company was able to achieve a turnover of Rs. 375.371 Million during the year.

The company are happy that the leading quality is highly appreciation and this has helped the company in expansion of market share. To meet the demand the Director propose to expand the operations in the forthcoming year with respect to Printing Division.

The director declare a dividend of 50% amounting to Rs. per share for the year ending 31^st March 2014.

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10517284	28/08/2014	50,000,000.00	REPCO BANK LIMITED	33, NORTH USMAN ROAD, T.NAGAR, CHENNAI, Tamil Nadu - 600017, INDIA	C18648352
2	10081765	10/09/2007	2,000,000.00	BANK OF INDIA	COIMBATORE MAIN BRANCH, 324, OPPANAKKARA STREET, COIMBATORE, Tamil Nadu - 641001, INDIA	A29254562
3	10000029	10/02/2015 *	97,500,000.00	STATE BANK OF INDIA	SME BRANCH, 687/2-4 TRICHY ROAD, COIMBATORE, Tamil Nadu - 641045, INDIA	C49227655
4	90004629	19/09/2009 *	11,300,000.00	BANK OF INDIA	COIMBATORE MAIN BRANCH, 324, OPPANAKKARA STREET, COIMBATORE, Tamil Nadu - 641001, INDIA	A72884661

FIXED ASSETS

Plant and Machinery
Dies
Elevator
Generator
Air Condition
Motor
Electrical and Lighting
Office equipment
Furniture and Fixture
Computers
Vehicles
UPS
Fax

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.63.76
UK Pound	1	Rs.97.79
Euro	1	Rs.69.90

INFORMATION DETAILS

Information Gathered by :	DIP

Analysis Done by :	KAR

Report Prepared by :	SUJ

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	4
--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.

MIRA INFORM REPORT

INDEX OF CHARGES

Unit