MIRA INFORM REPORT

Report No. :	490991
Report Date :	08.02.2018

IDENTIFICATION DETAILS

Name :	AMIT INFRA-LOGIC (INDIA) PRIVATE LIMITED (w.e.f. 22.04.2013)
Formerly Known As :	AMIT BUILDING MATERIAL SUPPLIERS (INDIA) PRIVATE LIMITED
Registered Office :	B-4, 1st Floor, Sita Premises Limited, Aziz Baug, Near R. C. F. Police Station, R.C. Marg, Chembur (East), Mumbai – 400074, Maharashtra
Tel. No.:	91-22-25547900/25548900
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	01.08.2007
Com. Reg. No.:	11-172769
Capital Investment / Paid-up Capital :	INR 0.500 Million
CIN No.: [Company Identification No.]	U51432MH2007PTC172769
IEC No.:	Not Divulged
GSTIN/UIN:	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAGCA5014K
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturing of Ready Mix Concrete. Building Material Supplier. [Registered Activity] Real estate developers. [As per memorandum of association]
No. of Employees :	Information denied by the management

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

B

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Maximum Credit Limit :	USD 13000 INR 890000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject was incorporated in the year 2007 having moderate track record. It is engaged in real estate activities. For the financial year 2017, the company has achieved decent growth in its revenue as compared to its previous year along with average profit margin during the year. However, the company possesses modest financial risk profile marked by weak net worth base and very high debt level balance sheet profile. Further rating gets constrained on account of high leverage as well as slowdown in the infrastructure and real estate sector which may affect the growth of the company. Payment terms are reported to be slow but correct. In view of aforesaid, the company can be considered for 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

Country Name	Previous Rating (30.06.2017)	Current Rating (30.09.2017)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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 31-03-2016.

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 08.02.2017

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

INFORMATION DENIED

MANAGEMENT NON-COOPERATIVE (91-22-25547900/25548900)

LOCATIONS

Registered Office :	B-4, 1st Floor, Sita Premises Limited, Aziz Baug, Near R. C. F. Police Station, R.C. Marg, Chembur (East), Mumbai – 400074, Maharashtra, India
Tel. No.:	91-22-25547900/25548900
Fax No.:	Not Available
E-Mail :	abmsindia@hotmail.com

DIRECTORS

AS ON 31.03.2017

Name :

Mr. Lalit Mohanlal Mehta

Designation :

Director

Address :

309, Welfare Chambers Sector-17, Vashi, Navi Mumbai – 400705, Maharashtra, India

Date of Appointment :

01.08.2007

DIN No.:

01546724

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U74999MH2016PTC287239	LIGHTBERRY INNOVATIVE IDEAS PRIVATE LIMITED	17/04/2017	-

Name :

Mr. Suresh Vastimal Gandhi

Designation :

Director

Address :

Anand Sagar C.H.S., Flat No.20 2nd Floor, Sector 17, Vashi, Navi Mumbai 400705, Maharashtra, India

Date of Appointment :

01.08.2007

DIN No.:

01546756

MAJOR SHAREHOLDERS

AS ON 31.03.2017

Names of Shareholders	No. of Shares	% of Holding
Lalit Mohanlal Mehta	25000	50.00
Suresh Gandhi	25000	50.00
Total	50000	100.00

Equity Share Break up (Percentage of Total Equity)

AS ON 25.09.2017

Category	Percentage
Promoters- Individual/Hindu Undivided Family- Indian	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

• Manufacturing of Ready Mix Concrete.
• Building Material Supplier.

[Registered Activity]

• Real estate developers. [As per memorandum of association]

Products / Services :

Name and Description of main products / services	NIC Code of the Product/service
Building Material Supplier	46632
Manufacturing of Ready Mix Concrete	23952

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

PRODUCTION STATUS – (NOT AVAILABLE)

GENERAL INFORMATION

Suppliers :

• Aimil Limited

Reference :	S P Earthmovers
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

Customers :

• J R Enterprises
• A J Buildcon Private Limited
• Aayush Developers
• Adam Constructions
• Anu Constructions
• Arco Constructions
• Arihant Corporation
• Mishal Infra LLP
• PC Constructions
• Prashant Co
• Sai Prem Developers

Reference :	Shahin Constructions Private Limited
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

No. of Employees :

Information denied by the management

Bankers :

Banker Name :	IDBI Bank Limited
Branch :	--
Person Name (With Designation) :	--
Contact Number :	--
Name of Account Holder :	--
Account Number :	--
Account Since (Date/Year of Account Opening) :	--
Average Balance Maintained :	--
Credit Facilities Enjoyed (CC/OD/Term Loan) :	--
Account Operation :	--
Remark :	--

• Citi Bank
• ICICI Bank
• HDFC bank Limited
• Punjab National Bank
• The Bharat Co-Operative Bank

Facilities :

(INR In Million)

SECURED LOAN	As on 31.03.2017	As on 31.03.2016
LONG TERM BORROWING
Citi Bank	13.964	20.886
ICICI Bank	0.810	1.260
Citicorp Finance (India) Limited	0.151	2.498
(Secured against hypothecation of machinery and personal guarantee of directors)
SHORT TERM BORROWING
IDBI Bank Limited (CC A/c)	19.288	19.085
Total	34.213	43.729

Auditors :
Name :	Gundher and Company Chartered Accountants
Address :	C-19 ARTI Cooperative Housing Society Limited, Sector 2, Vashi, Navi Mumbai – 400703, Maharashtra, India
Tel. No.:	91-22-27822214
PAN N Income-tax PAN of auditor or auditor's firm :	ABOPJ6127G
Memberships :	Not Available
Collaborators :	Not Available
Company in which KMP / relatives of KMP can exercise significant influence :	Stone India Bijlee Ghar M K Quarry and Crushing LLP Polydyno Chemicals Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2017

Authorised Capital :

No. of Shares	Type	Value	Amount
550000	Equity Shares	INR 10/- each	INR 5.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	INR 10/- each	INR 0.500 Million

FINANCIAL DATA

[all figures are INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2017	31.03.2016	31.03.2015
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.500	0.500	0.500
(b) Reserves & Surplus	3.937	2.848	1.821
(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)	4.437	3.348	2.321
(3) Non-Current Liabilities
(a) long-term borrowings	14.925	24.644	13.042
(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)	14.925	24.644	13.042
(4) Current Liabilities
(a) Short term borrowings	43.889	27.822	29.853
(b) Trade payables	91.287	73.635	54.701
(c) Other current liabilities	0.000	0.000	0.000
(d) Short-term provisions	2.109	1.879	1.561
Total Current Liabilities (4)	137.285	103.336	86.115
TOTAL	156.647	131.328	101.478
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	40.235	50.520	28.313
(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)	1.553	0.647	1.282
(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	41.788	51.167	29.595
(2) Current assets
(a) Current investments	0.260	0.001	0.003
(b) Inventories	1.279	2.166	3.217
(c) Trade receivables	109.881	74.442	59.310
(d) Cash and cash equivalents	0.765	0.137	7.559
(e) Short-term loans and advances	2.072	3.415	1.794
(f) Other current assets	0.602	0.000	0.000
Total Current Assets	114.859	80.161	71.883
TOTAL	156.647	131.328	101.478

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017	31.03.2016	31.03.2015
	SALES
	Income	325.266	290.721	253.919
	Other Income	2.091	1.214	1.660
	TOTAL	327.357	291.935	255.579
Less	EXPENSES
	Cost of Materials Consumed	249.650	219.335	210.664
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	0.867	1.051	(3.068)
	Employees benefits expense	7.475	6.845	5.258
	Other expenses	49.850	48.336	31.231
	TOTAL	307.842	275.567	244.085
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	19.515	16.368	11.494
Less	FINANCIAL EXPENSES	5.282	3.382	3.820
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	14.233	12.986	7.674
Less/ Add	DEPRECIATION/ AMORTISATION	11.650	9.643	9.510
	PROFIT/ (LOSS) BEFORE TAX	2.583	3.343	(1.836)
Less	TAX	0.822	2.316	(0.547)
	PROFIT/ (LOSS) AFTER TAX	1.761	1.027	(1.289)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	2.848	1.821	3.110
Less	INCOME TAX FOR EARLIER YEAR	0.649	0.000	0.000
Less	PRIOR PERIOD ADJUSTMENT	0.023	0.000	0.000
	Balance Carried to the B/S	3.937	2.848	1.821
	Earnings / (Loss) Per Share (INR)	35.23	20.54	(25.78)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2017	31.03.2016	31.03.2015
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

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Average Collection Days (Sundry Debtors / Income * 365 Days)	123.30	93.46	85.26
Account Receivables Turnover (Income / Sundry Debtors)	2.96	3.91	4.28
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	133.47	122.54	94.78
Inventory Turnover (Operating Income / Inventories)	15.26	7.56	3.57
Asset Turnover (Operating Income / Net Fixed Assets)	0.49	0.32	0.41

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.97	0.97	0.98
Debt Equity Ratio (Total Liability / Networth)	13.26	15.67	18.48
Current Liabilities to Networth (Current Liabilities / Net Worth)	30.94	30.86	37.10
Fixed Assets to Networth (Net Fixed Assets / Networth)	9.07	15.09	12.20
Interest Coverage Ratio (PBIT / Financial Charges)	3.69	4.84	3.01

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
Net Profit Margin ((PAT / Sales) * 100)	%	0.54	0.35	(0.51)
Return on Total Assets ((PAT / Total Assets) * 100)	%	1.12	0.78	(1.27)
Return on Investment (ROI) ((PAT / Networth) * 100)	%	39.69	30.68	(55.54)

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	0.84	0.78	0.83
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.83	0.75	0.80
G-Score Ratio Financial (Networth / Total Assets)	0.03	0.03	0.02
G-Score Ratio Debt (Debts / Equity Capital)	117.63	104.93	85.79
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	0.84	0.78	0.83

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

FINANCIAL ANALYSIS

[all figures are INR Million]

DEBT EQUITY RATIO

Particular	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Share Capital	0.500	0.500	0.500
Reserves & Surplus	1.821	2.848	3.937
Share Application money pending allotment	0.000	0.000	0.000
Net worth	2.321	3.348	4.437
Long Term borrowings	13.042	24.644	14.925
Short Term borrowings	29.853	27.822	43.889
Total borrowings	42.895	52.466	58.814
Debt/Equity ratio	18.481	15.671	13.255

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Sales	253.919	290.721	325.266
		14.494	11.883

NET PROFIT MARGIN

Net Profit Margin	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Sales	253.919	290.721	325.266
Profit	(1.289)	1.027	1.761
	(0.51%)	0.35%	0.54%

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	No
8	Designation of contact person	No
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	No
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	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	No
35	Negative Reporting by Auditors in the Annual Report	No

UNSECURED LOANS:

(INR In Million)

Particulars	As on 31.03.2017	As on 31.03.2016
SHORT TERM BORROWING
From directors
Lalit Mohanlal Mehta	11.131	2.570
Suresh Vastimal Gandhi	12.870	2.567
From others
Abhay Corporation	1.600	1.600
Madhu Suresh Gandhi	1.000	1.000
Manoj Mehta – HUF	0.500	0.500
Vijay H Gandhi	0.500	0.500
Total	27.601	8.737

INDEX OF CHARGE:

SNO	SRN	CHARGE ID	CHARGE HOLDER NAME	DATE OF CREATION	DATE OF MODIFICATION	DATE OF SATISFACTION	AMOUNT	ADDRESS
1	C73413783	10608171	CITI BANK N.A.	30/11/2015	-	-	17508000.0	FORT BRANCH- BOMBAY MUTUAL BUILDINGGRD. FLOOR, 293 DR. D. N. ROAD, FORTMUMBAIMH400001IN
2	C75433482	10611995	CITI BANK N.A.	30/11/2015	-	-	4892000.0	FORT BRANCH, BOMBAY MUTUAL BUILDINGGF, 293, DR D N ROAD, FORTMUMBAIMH400001IN
3	C50146612	10561614	IDBI BANK LIMITED	26/03/2015	-	-	22500000.0	12-16, SUNNY ESTATE, II SION TROMBAY ROAD,CHEMBUR, MUMBAIMUMBAIMH400071IN
4	B71817217	10414980	CITICORP FINANCE (INDIA) LTD	26/02/2013	-	-	3700000.0	NIRLON LTD, BLOCK NO 7, OFF WESTERN EXPRESSHIGHWAY, GOREGAON EAST,MUMBAIMH400063IN
5	G47381306	10451341	CITICORP FINANCE (I) LIMITED	21/09/2013	-	20/06/2017	2098000.0	5TH FLOOR, BUILDING NO. B7, NIRLON KNOWLEDGE PARKNIRLON COMPLEX,OFF WESTERN EXPRESS HIGHWAY,GOREGAOMUMBAIMH400063IN
6	G47382353	10503343	CITICORP FINANCE (INDIA) LIMITED	29/04/2014	-	20/06/2017	4600000.0	8TH FLOOR, FIRST INTERNATIONAL FINANCIAL CENTRE,C-54&C-55, G-BLOCK, BANDRA KURLA COMPLEX BANDRA(E)MUMBAIMH400051IN
7	G07818453	10414979	CITICORP FINANCE (INDIA) LTD	26/02/2013	-	20/07/2016	7000000.0	NIRLON LTD, BLOCK NO 7, OFF WESTERN EXPRESSHIGHWAY, GOREGAON EAST,MUMBAIMH400063IN
8	C52449949	10077503	GE CAPITAL TRANSPORTATION FINANCIAL SERVICES LIMITED	29/10/2007	-	05/05/2015	900000.0	AIFACS BUILDING,1, RAFI MARG,NEW DELHI.DL110001IN
9	C50945435	10443126	THE BHARAT CO-OPERATIVE BANK(MUMBAI) LTD	23/07/2013	06/02/2014	21/04/2015	22500000.0	CHEMBUR BRANCH, GAGANGIRI COMPLEX, 18TH ROADNEAR AMBEDKAR GARDEN, CHEMBURMUMBAIMH400071IN

FIXED ASSETS:

• Acer Laptop
• Computer and Printer
• Furniture and Fixtures
• Lab Equipment’s
• Fridge
• Speaker
• Television

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 records 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	INR
US Dollar	1	INR 64.05
UK Pound	1	INR 85.67
Euro	1	INR 76.03

INFORMATION DETAILS

Information Gathered by :	SAV
Analysis Done by :	NIS
Report Prepared by :	KVT

SCORE FACTORS

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

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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.