MIRA INFORM REPORT

Report No. :	497224
Report Date :	14.03.2018

IDENTIFICATION DETAILS

Name :	ALTIGREEN PROPULSION LABS PRIVATE LIMITED
Registered Office :	B-74, 5th Cross, Devasandra Industrial Estate, Whitefield Road, Mahadevpura, Bangalore-560048, Karnataka, India
Tel. No.:	Not Available
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	08.02.2013
Com. Reg. No.:	08-067796
Capital Investment / Paid-up Capital :	INR 1.174 Million
CIN No.: [Company Identification No.]	U74900KA2013PTC067796
IEC No.: [Import-Export Code No.]	Not Divulged
GSTN : [Goods & Service Tax Registration No.]	29AALCA3226E1ZT
TIN No:	29531204024
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AALCA3226E
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in the business developing energy efficiency devices for Motor Vehicles. (Registered Activity)
No. of Employees :	Not Divulged

RATING & COMMENTS

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

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Maximum Credit Limit :	USD 388000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject was incorporated in the year 2013. It is engaged in the business developing energy efficiency devices for Motor Vehicles. For the financial year 2017, the company has achieved a massive growth in its revenue as compared to previous year but has incurred operational loss. The rating takes into consideration the satisfactory financial profile of the company marked by comfortable networth base along with strong debt coverage indicators due to low debt balance sheet profile. However, theses rating strengths are partially offset by continue loss incurred by the company. Business is active. Payment seems to be slow but correct. In view of aforesaid, the company 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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
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

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 31-03-2016.

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 14.03.2018

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 BY

Name :	Not Divulged
Designation :	Account Department
Contact No.:	91-7625036660
Date :	10.03.2018

LOCATIONS

Registered Office :	B-74, 5th Cross, Devasandra Industrial Estate, Whitefield Road, Mahadevpura, Bangalore-560048, Karnataka, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	info@altigreen.com
Website :	http://altigreen.in

DIRECTORS

As on 31.03.2017

Name :

Mr. Prabhat Agarwal

Designation :

Director

Address :

C / 157, Anand Vihar, Delhi-110092, India

Date of Appointment :

31.12.2013

DIN No:

00117291

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U74899DL1994PTC058303	PARSEC TECHNOLOGIES PRIVATE LIMITED	09/12/2002	-
U74899DL1994PTC058277	PARSEC COMMUNICATIONS PRIVATE LIMITED	06/04/1994	-
U74899DL2001PTC109506	FOLK MUSIC INDIA PRIVATE LIMITED	05/02/2001	-

Name :

Mr. Amitabh Saran

Designation :

Director

Address :

101, Slantree Apartment, 12, Hutchins Road, Cooke Town, Bangalore-560005, Karnataka, India

Date of Birth/Age :

22.08.1968

Date of Appointment :

08.02.2013

DIN No:

00415231

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U74140KA1991PTC012070	ICOPE TECHNOLOGIES PRIVATE LIMITED	15/12/2005	-
U72900KA2007PTC041546	WORTAL TECHNOLOGIES PRIVATE LIMITED	27/01/2007	-

Name :

Mr. Sudhakar Gande

Designation :

Director

Address :

Attur Terrace, 802, 8th Floor, Cuffe Parade, Mumbai-400005, Maharashtra, India

Date of Birth/Age :

 03.09.1957

Date of Appointment :

28.12.2015

DIN No:

0987566

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
L72200KA1990PLC084435	AXISCADES ENGINEERING TECHNOLOGIES LIMITED	07/09/2015	-
U67120MH1999PTC121622	LEXICON FINANCIAL PLANNERS PRIVATE LIMITED	26/09/2012	-
U74140MH1998PTC113983	ASIANET TV HOLDINGS PRIVATE LIMITED	20/06/2008	-
U74999MH1993PLC070724	IL&FS TECHNOLOGIES LIMITED	18/06/2015	-
U62200KA2007PTC041886	INDIAN AERO VENTURES PRIVATE LIMITED	25/08/2008	-
U22300KA2005PLC035885	KANNADA PRABHA PUBLICATIONS LIMITED	28/09/2013	-
U93000AP2013NPL091513	VASAVI FOUNDATION FOR EMPOWERMENT	19/09/2015	-
U74300MH2006PTC199520	JUPITER ENTERTAINMENT VENTURES PRIVATE LIMITED	29/01/2008	-
U45208MH2007PTC174780	VIJAYDURG PORTS PRIVATE LIMITED	25/09/2008	-

Name :

Mr. Chetan Kumar Maini

Designation :

Director

Address :

Epsilon, Villa I-9, Yemlur Village, Main Road, Bengaluru-560037, Karnataka, India

Date of Birth/Age :

 11.03.1970

Date of Appointment :

08.02.2016

DIN No:

01612229

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U60231KA1984PTC006017	MAINI MATERIALS MOVEMENT PRIVATE LIMITED	26/09/2016	-
U64202KA2002PTC030092	TELERADIOLOGY SOLUTIONS PRIVATE LIMITED	20/04/2017	-
U31100KA2008PTC047734	EPIC MOBILITY SOLUTIONS INDIA PRIVATE LIMITED	30/09/2017	-
U74900KA2014PTC076835	LITHIUM URBAN TECHNOLOGIES PRIVATE LIMITED	30/09/2016	-
U35100DL2016PTC309225	SUN MOBILITY PRIVATE LIMITED	30/09/2017	-

LLPIN/FLLPIN	LLP Name	Begin Date	End Date
AAI-5495	VIRYA MOBILITY 5.0 LLP	13/02/2017	-

Name :

Mr. Shalendra Gupta Kumar

Designation :

Director

Address :

D-324, Anand Vihar, Delhi-110092, India

Date of Birth/Age :

01.09.1965

Date of Appointment :

08.02.2013

DIN No:

06458270

Name :

Lasse Moklegaard

Designation :

Director

Address :

1300 2nd Ave Sw Waverly Ia 56077 United States

Date of Appointment :

03.04.2013

DIN No:

06519339

MAJOR SHAREHOLDERS

As on 31.03.2017

SHAREHOLDER FILES ARE ATTACHED

Equity Share Break up (Percentage of Total Equity)

As on: 30.09.2017

Category	Percentage
Promoters (Individual/Hindu Undivided Family – Indian)	51.99
Promoters (Individual/Hindu Undivided Family – Foreign National (Other than NRI) )	40.44
Public/Other than promoters (Individual/Hindu Undivided Family – Indian)	1.73
Public/Other than promoters – Body Corporate	0.06
Public/Other than promoters – Others AOP Trust	5.78
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the business developing energy efficiency devices for Motor Vehicles. (Registered Activity)

Products / Services :

Item Code No.	Products/Services Description
99611811	Motor vehicles, trailers and semi -trailers, parts and accessories thereof

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 :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

Customers :

Reference :	Not Divulged
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

No. of Employees :

Not Divulged

Bankers :

Banker Name :	Not Divulged
Branch :	Not Divulged
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 :	--

Auditors :
Name :	S.R Batliboi and Associates, LLP Chartered Accountants
Address :	22, Camac Street, Block "C", 3rd Floor, Kolkata – 700016, West Bengal, India
Tel. No.:	91-80-67275000
Fax No.:	91-80-22106000
Income-tax PAN of auditor or auditor's firm :	ACHFS9118A
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	---

CAPITAL STRUCTURE

After: 30.09.2017

Authorised Capital : INR 4.000 million

Issued, Subscribed & Paid-up Capital : INR 1.537 million

AS ON: 31.03.2017

Authorised Capital :

No. of Shares	Type	Value	Amount
200000	Equity Shares	INR 1/- each	INR 0.200 Million
100000	Preference Share	INR 1/- each	INR 0.100 Million
100000	Preference Share	INR 10/- each	INR 1.000 Million
25000	Preference Share	INR 100/- each	INR 2.500 Million
	Total		INR 3.800 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
173111	Equity Shares	INR 1/- each	INR 0.173 Million
46232	Preference Share	INR 1/- each	INR 0.046 Million
30000	Preference Share	INR 10/- each	INR 0.300 Million
6548	Preference Share	INR 100/- each	INR 0.655 Million
	Total		INR 1.174 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	1.174	1.174	0.499
(b) Reserves & Surplus	134.739	167.358	87.840
(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)	135.913	168.532	88.339
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(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	1.163	0.707	0.620
Total Non-current Liabilities (3)	1.163	0.707	0.620
(4) Current Liabilities
(a) Short term borrowings	4.500	0.000	0.000
(b) Trade payables	2.474	1.585	1.558
(c) Other current liabilities	14.378	0.023	0.282
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	21.352	1.608	1.840
TOTAL	158.428	170.847	90.799
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	9.482	8.611	8.426
(ii) Intangible Assets	140.227	0.723	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	100.831	57.928
(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	3.603	2.364	1.388
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	153.312	112.529	67.742
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	1.402	0.000	0.000
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	2.573	57.580	20.740
(e) Short-term loans and advances	1.134	0.681	0.970
(f) Other current assets	0.007	0.057	1.347
Total Current Assets	5.116	58.318	23.057
TOTAL	158.428	170.847	90.799

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017	31.03.2016	31.03.2015
	SALES
	Income	0.000	0.000	0.000
	Other Income	1.641	0.619	1.597
	TOTAL	1.641	0.619	1.597
Less	EXPENSES
	Cost of Materials Consumed	0.495	0.000	0.000
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(0.495)	0.000	0.000
	Employees benefits expense	42.903	12.654	4.687
	Other expenses	11.696	8.685	6.299
	TOTAL	54.599	21.339	10.986
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	(52.958)	(20.720)	(9.389)
Less	FINANCIAL EXPENSES	0.092	0.239	0.032
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	(53.050)	(20.959)	(9.421)
Less	DEPRECIATION/ AMORTISATION	5.292	2.259	1.161
	PROFIT/ (LOSS) BEFORE TAX	(58.342)	(23.218)	(10.582)
Less	TAX	0.000	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX	(58.342)	(23.218)	(10.582)
	Earnings / (Loss) Per Share (INR)	(337.20)	(134.19)	(61.16)

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
Net cash flows from (used in) operating activity	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)	0.00	0.00	0.00
Account Receivables Turnover (Income / Sundry Debtors)	0.00	0.00	0.00
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	1824.26	0.00	0.00
Inventory Turnover (Operating Income / Inventories)	(37.77)	0.00	0.00
Asset Turnover (Operating Income / Net Fixed Assets)	(0.35)	(0.19)	(0.14)

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.13	0.01	0.02
Debt Equity Ratio (Total Liability / Networth)	0.03	0.00	0.00
Current Liabilities to Networth (Current Liabilities / Net Worth)	0.16	0.01	0.02
Fixed Assets to Networth (Net Fixed Assets / Networth)	1.10	0.65	0.75
Interest Coverage Ratio (PBIT / Financial Charges)	(575.63)	(86.69)	(293.41)

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
Net Profit Margin ((PAT / Sales) * 100)	%	(3555.27)	(3750.89)	(662.62)
Return on Total Assets ((PAT / Total Assets) * 100)	%	(36.83)	(13.59)	(11.65)
Return on Investment (ROI) ((PAT / Networth) * 100)	%	(42.93)	(13.78)	(11.98)

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	0.24	36.27	12.53
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.17	36.27	12.53
G-Score Ratio Financial (Networth / Total Assets)	0.86	0.99	0.97
G-Score Ratio Debt (Debts / Equity Capital)	3.83	0.00	0.00
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	0.24	36.27	12.53

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

FINANCIAL ANALYSIS

[all figures are in 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	0.499	1.174	1.174
Reserves & Surplus	87.840	167.358	134.739
Net worth	88.339	168.532	135.913
long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.000	0.000	4.500
Total borrowings	0.000	0.000	4.500
Debt/Equity ratio	0.000	0.000	0.033

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
Total Income	1.597	0.619	1.641
		(61.240)	165.105

NET PROFIT MARGIN

Net Profit Margin	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Total Income	1.597	0.619	1.641
Profit	(10.582)	(23.218)	(58.342)
	(662.62%)	(3750.89%)	(3555.27%)

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	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	No
21	Banking facility details	No
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	No
30	Major shareholders, if available	No
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

CORPORATE INFORMATION:

The Company is a Private Limited company domiciled in India and incorporated on 08 February 2013. The Company is developing energy efficiency devices for Motor Vehicles.

UNSECURED LOAN

PARTICULARS	31.03.2017 (INR in Million)	31.03.2016 (INR in Million)
Short-term borrowings
Loan from Director	4.500	0.000
Total	4.500	0.000

INDEX OF CHARGES: NO CHARGES EXISTS FOR COMPANY 

FIXED ASSETS

• Furniture and Fixture
• Computer
• Plant and Machinery
• Office Equipment
• Lease Hold Property
• 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 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 64.99
UK Pound	1	INR 90.83
Euro	1	INR 80.58

INFORMATION DETAILS

Information Gathered by :	SLK
Analysis Done by :	VRS
Report Prepared by :	MTN

SCORE FACTORS

DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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	NO
--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.