MIRA INFORM REPORT

Report No. :	320902
Report Date :	05.05.2015

IDENTIFICATION DETAILS

Name :	ADVANCE HYDRAU TECH PRIVATE LIMITED

Registered Office :	Khasra No. 86/23, Village Ghevra, Near Hiran Kunda Mor, Delhi – 110081
Tel. No.:	91-11-28353700

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	18.02.1982

Com. Reg. No.:	55-013168

Capital Investment / Paid-up Capital :	Rs.10.667 Million

CIN No.: [Company Identification No.]	U74899DL1982PTC013168

IEC No.:	0588128163

TAN No.: [Tax Deduction & Collection Account No.]	DELA12477D

PAN No.: [Permanent Account No.]	AAACA2012P

Legal Form :	Private Limited Liability Company

Line of Business :	Manufacturer and Exporter of Scrap Processing Machines.

No. of Employees :	115 (Approximately)

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 180000

Status :	Satisfactory

Payment Behaviour :	Usually correct

Litigation :	Clear

Comments :	Subject is a well-established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct. The company can be considered normal 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 – December 31, 2014

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

India

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 PARTED BY

Name :	Mr. Mukund Gupta
Designation :	Executive
Contact No.:	91-9810728984
Date :	02.05.2015

LOCATIONS

Registered Office :	Khasra No. 86/23, Village Ghevra, Near Hiran Kunda Mor, Delhi – 110081, India
Tel. No.:	91-11-28353700-10
Mobile No.:	91-9810728984 (Mr. Mukund) 91-9810028984 (Mr. Sudhir)
Fax No.:	Not Available
E-Mail :	mmittal02@rediffmail.com info@ahtpl.in
Website :	www.advancehydrautech.com

Factory :	T-1/127, Phase-I, Mangolpuri Industrial Area, New Delhi – 110034, Delhi, India
Tel. No.:	91-11-27027130
Area :	2000Sq. Mt.
Location :	Owned

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Sudhir Gupta

Designation :

Director

Address :

M-236, Vikas Puri, New Delhi – 110018, India

Date of Birth/Age :

23.02.1955

Date of Appointment :

18.02.1982

DIN No.:

00671547

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	U74899DL1982PTC013168	ADVANCE HYDRAU TECH PVT LTD	Director	18/02/1982	18/02/1982	-	Active	NO
2	U34300DL1997PTC085593	ADVANCE HYDRAU-COMPONENTS PRIVATE LIMITED	Director	05/03/1997	05/03/1997	27/09/2007	Active	NO
3	U51496DL2001PTC110479	NCI TRADERS PRIVATE LIMITED	Director	29/10/2001	29/10/2001	01/02/2010	Active	NO
4	U01111DL2004PTC126182	INDIAN FODDER CARE AND TECHNOLOGIES PRIVATE LIMITED	Director	30/04/2004	30/04/2004	10/06/2009	Active	NO
5	U20296DL2010PTC206628	PELLET-ENERGY SYSTEMS PRIVATE LIMITED	Director	04/08/2010	04/08/2010	21/11/2011	Active	NO
6	AAA-3222	NORTH EASTERN OIL AND LUBRICANT TECHNOLOGIES LLP	Designated Partner	27/12/2010	27/12/2010	-	Active	NO

Name :

Mr. Bharat Sharma

Designation :

Director

Address :

155, Anand Vihar, Pitampura, New Delhi – 110034, India

Date of Birth/Age :

18.06.1953

Date of Appointment :

18.02.1982

DIN No.:

00671608

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	U74899DL1982PTC013168	ADVANCE HYDRAU TECH PVT LTD	Director	18/02/1982	18/02/1982	-	Active	NO
2	U34300DL1997PTC085593	ADVANCE HYDRAU-COMPONENTS PRIVATE LIMITED	Director	05/03/1997	05/03/1997	27/09/2007	Active	NO
3	U51496DL2001PTC110479	NCI TRADERS PRIVATE LIMITED	Director	10/09/2001	10/09/2001	20/08/2009	Active	NO
4	U01111DL2004PTC126182	INDIAN FODDER CARE AND TECHNOLOGIES PRIVATE LIMITED	Director	30/04/2004	30/04/2004	10/06/2009	Active	NO
5	U20296DL2010PTC206628	PELLET-ENERGY SYSTEMS PRIVATE LIMITED	Director	04/08/2010	04/08/2010	-	Active	NO
6	U74999UR1991PTC012961	DEVTA WOOLLEN MILLS PRIVATE LIMITED	Director	29/06/2012	29/06/2012	-	Active	NO
7	U29253DL2014PTC274567	PROTECH RECYCLING AND ENERGY SOLUTIONS PRIVATE LIMITED	Director	24/12/2014	24/12/2014	-	Active	NO
8	U29292DL2014PTC264345	GRANDEG PELLET HEATING SYSTEMS PRIVATE LIMITED	Director	02/02/2015	02/02/2015	-	Active	NO
9	AAA-3222	NORTH EASTERN OIL AND LUBRICANT TECHNOLOGIES LLP	Designated Partner	27/12/2010	27/12/2010	-	Active	NO

MAJOR SHAREHOLDERS

AS ON 30.09.2014

Names of Shareholders	No. of Shares
Sudhir Gupta	450000
Girjesh Gupta	16000
Neha Gupta	1000
Murari Lal Sudhir Kumar HUF	3000
Pushpa Gupta	2000
Mukund Gupta	10000
Neera Aggarwal	18000
Bharat Sharma	450000
Shruti Sharma	14000
Pooja Sharma	14000
Kusum Sharma	14000
Mukul Sharma	4500
Y.D. Sharma	3000
Vandana Sharma	500
Deepak Verma	33325
Rajeev Vohra	33332

Total	1066657

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Foreign holdings [Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others]	6.25
Directors or relatives of Directors	93.75
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of Scrap Processing Machines.

Products :	Scrap Processing Machines

Brand Names :	Not Divulged

Agencies Held :	Not Divulged

Exports :
Products :	Scrap Processing Machines
Countries :	Egypt Israel Iraq South Africa Qatar UAE Kuwait Australia USA

Imports :	Not Divulged

Terms :
Selling :	Cash, Credit

Purchasing :	Cash, Credit

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Company Name :	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 :

Company Name :	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

Everest Metals FZE
Jindal Aluminium Limited
Emirates Recycling LLC
Godrej Appliances
Madhuban Trade Steels Private Limited

No. of Employees :

115 (Approximately)

Bankers :

Banker Name :	HDFC Bank Limited
Branch :	HDFC Bank Housesenapati Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, 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 :	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan) :	Not Divulged
Account Operation :	Not Divulged
Remark :	Not Divulged

Canara Bank, Rani Bagh, Delhi – 110034, India

Facilities :

SECURED LOANS	31.03.2014 Rs. In Million	31.03.2013 Rs. In Million
Long Term Borrowings
Cash Credit From Bank (Cash Credit From Bank is Secured by Hypothecation of Stock, Plant and Machinery and Personal Guarantee of the Directors.)	14.367	32.050
Vehicle Loan (Vehicle Loan is secured against vehicles and Personal Guarantee of the Directors.)	10.534	1.919

Total	24.901	33.969


Auditors :
Name :	DSP and Associates Chartered Accountants
Address :	208, JMD House, 4378/4B, Ansari Road, Darya Ganj, New Delhi – 110002, India
PAN No.:	AACFD8576A

Collaborators :	Not Divulged

Membership :	Not Divulged

Sister Concern :	Shubha International Advance Machine Pellet Energy System Private Limited

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

2000000	Equity Shares	Rs.10/- each	Rs.20.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

1066657	Equity Shares	Rs.10/- each	Rs.10.667 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	10.667	10.667	10.667
(b) Reserves & Surplus	51.820	49.880	42.430
(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)	62.487	60.547	53.097

(3) Non-Current Liabilities
(a) long-term borrowings	24.901	33.969	38.345
(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)	24.901	33.969	38.345

(4) Current Liabilities
(a) Short term borrowings	10.048	1.350	2.500
(b) Trade payables	28.556	34.603	59.021
(c) Other current liabilities	80.513	50.780	17.772
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	119.117	86.733	79.293

TOTAL	206.505	181.249	170.735

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	61.163	59.219	62.827
(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	61.163	59.219	62.827

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	98.041	73.159	66.188
(c) Trade receivables	30.588	38.055	23.110
(d) Cash and cash equivalents	0.766	0.402	0.868
(e) Short-term loans and advances	0.000	0.000	0.000
(f) Other current assets	15.947	10.414	17.742
Total Current Assets	145.342	122.030	107.908

TOTAL	206.505	181.249	170.735

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	189.597	147.082	206.578
		Other Income	NA	NA	NA
		TOTAL (A)	NA	NA	NA

Less	EXPENSES
		TOTAL (B)	NA	NA	NA

	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		13.993	19.358	17.220

Less	FINANCIAL EXPENSES (D)		4.119	4.480	6.662

	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		9.874	14.878	10.558

Less	DEPRECIATION/ AMORTISATION (F)		6.534	6.448	5.421

	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		3.340	8.430	5.137

Less	TAX (H)		0.000	0.981	1.700

	PROFIT/(LOSS) AFTER TAX (G-H) (I)		3.340	7.449	3.437

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		49.879	42.430	38.993

	BALANCE CARRIED TO THE B/S		53.219	49.879	42.430

	Earnings Per Share (Rs.)		3.13	--	--

Expected Sales (2014-2015): Rs.220.000 Million

The above information has been parted by Mr. Mukund

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin PAT / Sales	(%)	1.76	5.06	1.66

Operating Profit Margin (PBDIT/Sales)	(%)	7.38	13.16	8.34

Return on Total Assets (PBT/Total Assets)	(%)	1.62	4.65	3.01

Return on Investment (ROI) (PBT/Networth)		0.05	0.14	0.10

Debt Equity Ratio (Total Debt /Networth)		0.56	0.58	0.77

Current Ratio (Current Asset/Current Liability)		1.22	1.41	1.36

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	10.667	10.667	10.667
Reserves & Surplus	42.430	49.880	51.820
Share Application money pending allotment	0.000	0.000	0.000
Net worth	53.097	60.547	62.487

long-term borrowings	38.345	33.969	24.901
Short term borrowings	2.500	1.350	10.048
Total borrowings	40.845	35.319	34.949
Debt/Equity ratio	0.769	0.583	0.559

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	206.578	147.082	189.597
		-28.801	28.906

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	206.578	147.082	189.597
Profit	3.437	7.449	3.340
	1.66%	5.06%	1.76%

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	Yes
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
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	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
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	Yes
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

CURRENT OPERATIONS AND FUTURE PROSPECTS

The company’s turnover during the year has been higher than the previous year and company’s views the future prospect with great optimism. Post tax profit during the year was Rs.3.340 Million as compared to previous year’s fig. of Rs.7.449 Million.

The directors view the future with further optimism and hope that the conditions would further improve in the next year.

UNSECURED LOANS:

Particulars	31.03.2014 Rs. In Million	31.03.2013 Rs. In Million
Short Term Borrowings
From Directors	10.048	1.239
From Share Holders	0.000	0.111

Total	10.048	1.350

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10361091	10/05/2012	40,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B41811944
2	10207211	27/01/2010	66,500,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	A80957186
3	10199123	22/12/2009	51,500,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	A78000874

*Date of modification Charges

FIXED ASSETS:

· Computer

· Computer Software

· Crane

· Cycle

· Dies

· Modules

· Tools

· Electrical Installation

· Furniture and Fixture

· Generator

· Land

· Office Equipment

· Plant and Machinery

· Vehicle

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.63.58
UK Pound	1	Rs.97.99
Euro	1	Rs.70.53

INFORMATION DETAILS

Information Gathered by :	NYA

Analysis Done by :	SUB

Report Prepared by :	NKT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	4
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	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		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

Unit