MIRA INFORM REPORT

 

 

Report No. :

348600

Report Date :

06.11.2015

 

IDENTIFICATION DETAILS

 

Name :

DURLAX ARCHTECH PRIVATE LIMITED

 

 

Registered Office :

901, A Wing, 9th Floor, Lotus Corporate Park, 185-1/3, Graham Firth Steel Compound, Goregaon (East), Mumbai – 400063, Maharashtra

Tel. No.:

91-22-61560000 / 65103636

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

03.05.2010

 

 

Com. Reg. No.:

11-202712

 

 

Capital Investment / Paid-up Capital :

Rs.0.400 Million

 

 

CIN No.:

[Company Identification No.]

U74999MH2010PTC202712

 

 

IEC No.:

0310025541

 

 

TIN No.:

27660776070

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMD18063D

 

 

PAN No.:

[Permanent Account No.]

AADCD4272D

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trader and Importer of Acrylic Sheet.

 

 

No. of Employees :

70 (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

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in the year 2010 and it is trader and importer of acrylic sheet.

 

For the financial year ended 2014, company has reported 21.20% sales turnover growth as compared to previous sales turnover and it has maintained above average profitability margins at 3.19% during the year under a review.

 

Rating takes into consideration company’s above average financial profile marked by sound modest networth base along with modest debt coverage indicators and moderate liquidity position of the company.

 

However, rating strength is partially offset by the vulnerability of company’s profitability to any adverse fluctuations in exchange rates and risk associated with trading nature of business operations.

 

Trade relations are reported as fair. Payment terms are reported to be usually correct.

 

In view of aforesaid, 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.

 

 

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 PARTED BY (GENERAL DETAILS)

 

Name :

Ms. Varsha Shinde

Designation :

Accounts Head

Contact No.:

91-22-61560000

Date :

03.11.2015

 

 

LOCATIONS

 

Registered Office :

901, A Wing, 9th Floor, Lotus Corporate Park, 185-1/3, Graham Firth Steel Compound, Goregaon (East), Mumbai – 400063, Maharashtra, India

Tel. No.:

91-22-61560000 / 65103636

Fax No.:

91-22-28876764

E-Mail :

ssuthar12@gmail.com

varshan@dulax.com

Website:

http://www.dulax.com

Locality:

Owned

Location:

Commercial

 

 

Branch Office 1/ Warehouse 1:

Kumhar Bhatta, Himmat Nagarm Palda, Chauraha, Indore – 452020, Madhya Pradesh, India

 

 

Branch Office 2/ Warehouse 2:

D-94, Nanhey Park, Matiala Extension, Uttam Nagar, D.K. Mohan Garden, New Delhi – 110059, India

 

 

Warehouse:

Also Located At:

 

  • Vasai
  • Vile Parle

 

 

DIRECTORS

 

As on 30.09.2014

 

Name :

Mr. Shravan Laxmichand Suthar

Designation :

Director

Address :

Rajeshwari Bhuvan 601 Shradhanand Road, Vile Parle (East), Mumbai - 400057, Maharashtra, India 

Date of Birth/Age :

15.12.1980

Date of Appointment :

03.05.2010

DIN No.:

02985316

 

 

Name :

Mr. Lalit Laxmichand Suthar

Designation :

Director

Address :

6, Rajeshwari Bhavan, Shraddhanand Road, Vile Parle (East), Mumbai - 400057, Maharashtra, India

Date of Birth/Age :

16.07.1984

Date of Appointment :

03.05.2010

DIN No.:

02985324

 

 

Name :

Mr. Amit Vijaykumar Vyas

Designation :

Director

Address :

EMP 63.601, Sector 1, Phase 4, Evershine Mill, Paradise Thakur, Kandivali East, Mumbai - 400101, Maharashtra, India

Date of Birth/Age :

10.05.1980

Date of Appointment :

03.05.2010

DIN No.:

02986639

 

 

KEY EXECUTIVES

 

Name :

Ms. Varsha Shinde

Designation :

Accounts Head

 

 

Name :

Mr. Anand

Designation :

Account Department

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2014

 

Names of Shareholders

No. of Shares

% of Holding

Shravan Laxmichand Suthar

20000

50.00

Lalit Laxmichand Suthar

20000

50.00

Total

40000

100.00

 

 

As on 30.09.2014

 

Category

Percentage

Directors or relatives of Directors

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Trader and Importer of Acrylic Sheet.

 

 

Products :

Acrylic Sheet

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

 

Products :

Finished Goods

Countries :
  • China
  • Italy
  • Korea

 

 

Terms :

 

Selling :

Cash, L/C and Credit

 

 

Purchasing :

Cash, L/C and Credit

 

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Kaiping Fulia, China

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

 

  • Adore Solid Surface
  • Blossoms
  • Ccarrera (India) Inc
  • Creative Sanitaryware And Fittings
  • DSpace Decor Solld Surfaces
  • Ginraj Agencies
  • Guangzhou Relang Indl Company Limited
  • Kuber Trading Company
  • Laxmi Distributors Private Limited
  • Laxmi Resins Products Private Limited
  • Mahalaxmi Distributors
  • Rachana Art
  • United Fabrication

 

 

Customers :

Wholesalers and Retailers

Reference :

Avinash Techno Solutions Private Limited, Vadodara, Gujarat, India

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:

Declined to part contact details.

 

 

No. of Employees :

70 (Approximately)

 

 

Bankers :

Bank Name

HDFC Bank Limited

Branch

Nehru Road, Vile Parle (East), Mumbai, Maharashtra, India

Person Name (With Designation)

Not Available

Contact Number

91-22-61606161 (Continuously Ringing)

Name of Account Holder

Not Available

Account Number

Not Available

Account Since (Date/Year of Account Opening)

Not Available

Average Balance Maintained (If Possible)

Not Available

Credit Facilities Enjoyed (If any)

Not Available

Account Operation

Not Available

Remarks (If any)

Not Available

 

  • Standard Chartered Bank, 1st Floor, 270 D N Road, Fort,  Mumbai – 400001, Maharashtra, India
  • HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India 

 

 

Facilities :

SECURED LOANS

31.03.2014

Rs. In Million

31.03.2013

Rs. In Million

LONG TERM BORROWINGS

 

 

HDFC Bank Car Loan

0.682

0.000

HDFC Bank C.C A/C

1.014

7.465

Total

1.696

7.465

 

 

 

Auditors :

 

Name :

N. D. Shah and associates

Chartered Accountants

Address :

Shop No. 2, Jerome Villa, Veer Makrand Ghanekar Road, Vile Parle (East), Mumbai – 400057, Maharashtra, India

Tel. No.:

91-22-26126565  26126566

E-Mail :

admin@canileshshah.com

nilesh@canileshshah.com

Website :

www.cannileshshah.com

PAN N Income-tax PAN of auditor or auditor's firm :

AAHPS3176Q

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Related Parties :
  • Sethwa Enterprises
  • Kuber Trading
  • Ccarrera (India) Inc.
  • Neev Furnitech

 

 

CAPITAL STRUCTURE

 

As on 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

50000

Equity Shares

Rs.10/- each

Rs.0.500 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

40000

Equity Shares

Rs.10/- each

Rs.0.400 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

0.400

0.400

0.400

(b) Reserves & Surplus

13.557

7.551

2.162

(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)

13.957

7.951

2.562

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

32.185

11.100

7.656

(b) Deferred tax liabilities (Net)

0.000

0.000

0.079

(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)

32.185

11.100

7.735

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

42.545

29.625

0.000

(c) Other current liabilities

9.814

7.506

4.636

(d) Short-term provisions

2.413

2.624

2.188

Total Current Liabilities (4)

54.772

39.755

6.824

 

 

 

 

TOTAL

100.914

58.806

17.121

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

8.884

8.904

3.207

(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)

0.032

0.056

0.000

(d)  Long-term Loan and Advances

8.765

4.334

0.130

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

17.681

13.294

3.337

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

36.797

12.346

6.187

(c) Trade receivables

32.904

29.211

5.866

(d) Cash and cash equivalents

5.370

2.856

0.552

(e) Short-term loans and advances

0.668

0.334

0.083

(f) Other current assets

7.494

0.765

1.096

Total Current Assets

83.233

45.512

13.784

 

 

 

 

TOTAL

100.914

58.806

17.121

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

 

 

GROSS RECEIPT

188.109

155.591

63.765

 

 

 

 

 

 

EXPENSES

NA

NA

NA

 

 

 

 

 

 

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

13.278

9.793

3.872

 

 

 

 

 

Less

INTEREST

2.668

0.739

0.999

 

 

 

 

 

 

PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

10.610

9.054

2.873

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION                    

1.847

1.262

0.424

 

 

 

 

 

 

PROFIT/(LOSS) BEFORE TAX 

8.763

7.792

2.449

 

 

 

 

 

Less

TAX                                                                 

2.757

2.294

0.802

 

 

 

 

 

 

PROFIT/(LOSS) AFTER TAX

6.006

5.498

1.647

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

7.660

2.162

0.515

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

13.666

7.660

2.162

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

150.15

NA

NA

 

 

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 flow from operating activity

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Return on Total Assets

(PBT/Total Assets}

(%)

8.69

13.26

14.30

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.63

0.98

0.96

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

2.31

1.40

2.99

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.52

1.14

2.02

 

 

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

0.400

0.400

0.400

Reserves & Surplus

2.162

7.551

13.557

Share Application money pending allotment

0.000

0.000

0.000

Net worth

2.562

7.951

13.957

 

 

 

 

Long Term borrowings

7.656

11.100

32.185

Short Term borrowings

0.000

0.000

0.000

Total borrowings

7.656

11.100

32.185

Debt/Equity ratio

2.988

1.396

2.306

 

 

 

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

Gross Receipt

63.765

155.591

188.109

 

 

144.007

20.900

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

Rs. In Million

Rs. In Million

Rs. In Million

Gross Receipt

63.765

155.591

188.109

Profit

1.647

5.498

6.006

 

2.58%

3.53%

3.19%

 

 

 

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)

Yes

16

No. of employees

Yes

17

Details of sister concerns

Yes

18

Major suppliers

Yes

19

Major customers

Yes

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

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

OPERATIONS:

 

In the year the gross total receipt was Rs.188.109 Million and the profit after tax was Rs.6.006 Million.

 

 

UNSECURED LOAN

 

Particulars

31.03.2014

Rs. In Million

31.03.2013

Rs. In Million

LONG TERM BORROWINGS

 

 

Directors Loans

 

 

Kuber Trading Company

16.703

0.000

Sethwa Enterprise

2.472

2.232

Amit Vyas

0.571

0.743

Loans From Related Parties

 

 

Durgaben C. Sethwa

0.731

0.660

Others

 

 

Indian Infotech and Software Limited

6.012

0.000

N.M. Fashion Retail Private Limited

2.000

0.000

Unno Industries Limited

2.000

0.000

Total

30.489

3.635

 

 

 

 

INDEX OF CHARGE:

 

Sr. No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10506597

29/04/2014

17,000,000.00

Standard Chartered Bank

1st Floor, 270 D N Road, Fort,  Mumbai, Maharashtra - 400001, India

C09647538

2

10386143

10/01/2014 *

35,000,000.00

HDFC Bank Limited

HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India

B93516730

3

10330414

28/12/2011

35,000,000.00

Dhanlaxmi Bank Limited

Dhanalakshmi Bank Buildingnaickanal, Naickanal, Trichur, Kerala - 680001, India

B30100150

*Date of modification Charges

 

 

FIXED ASSETS:

 

·         Land

·         Building

·         Plant and Machinery

·         Computer

·         Vehicles

·         Furniture and Fixture

 

 

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.65.67

UK Pound

1

Rs.101.02

Euro

1

Rs.71.34

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP

 

 

Analysis Done by :

KAR

 

 

Report Prepared by :

SUD

 

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

5

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

4

--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

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NB

                                       New Business

 

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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.