MIRA
INFORM REPORT
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Report Date : |
23.02.2007 |
IDENTIFICATION
DETAILS
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Name : |
METALS INDIA |
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Registered Office : |
Plot No. 128, 130 & 139, Sector – 25, Ballabgarth, Faridabad –
121004, Haryana |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
1979 |
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Legal Form : |
Partnership concern with an unlimited liability of the partners. |
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Line of Business : |
Manufacturers and Exporters of Ferrous and Non Ferrous Automobiles
Components. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 20000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established concern having satisfactory track. Trade
relations are fair. General financial position is satisfactory. Payments are
usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
Plot No. 128, 130 & 139, Sector – 25, Ballabgarth, Faridabad –
121004, Haryana, India |
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Tel. No.: |
91-129-2230282 / 29 / 30 |
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Mobile No.: |
91-9810029116 |
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Fax No.: |
91-129-2232037 |
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E-Mail : |
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Website : |
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Area : |
2000 X 3 Sq. yds. [3 Unit] |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Rakesh Gupta |
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Designation : |
Partner |
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Address : |
Faridabad |
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Date of Birth/Age : |
52 Years |
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Qualification : |
Science Graduate |
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Name : |
Mr. Ankit Gupta |
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Designation : |
Partner |
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Address : |
Faridabad |
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Date of Birth/Age : |
23 Years |
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Qualification : |
Post Graduate |
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Name : |
Mr. Rajesh Gupta |
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Designation : |
Partner |
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Address : |
Faridabad |
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Qualification : |
Graduate |
BUSINESS DETAILS
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Line of Business : |
Manufacturers and Exporters of Ferrous and Non Ferrous Automobiles
Components. |
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Exports : |
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Products : |
Forged and Automobile Products |
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Countries : |
USA, South Korea, Brazil, China, Europe and UK |
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Imports : |
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Products : |
Machinery and Others |
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Countries : |
South Korea, Japan, Italy and USA |
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Terms : |
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Selling : |
L/C, Cash and Credit [60 days] |
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Purchasing : |
L/C, Cash, Credit [30 days] and at Sight |
PRODUCTION STATUS
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Licensed
Capacity |
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Roller Hearth Annealing 4500 kgs. Per hour Tubing 5/8 to 2 [16 MM to 50 MM] |
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GENERAL
INFORMATION
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Customers : |
Manufacturer, Wholesalers, Retailers and End Users
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No. of Employees : |
120 |
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Bankers : |
Syndicate Bank Barakhamba Road, New Delhi – 110001 Syndicate Bank Faridabad |
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Facilities : |
Rs. 15.000 Millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
P. C. Verma and Company Chartered Accountants |
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Address : |
Delhi |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 5.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 5.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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Sales Turnover |
100.000 |
89.800 |
85.000 |
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Net Profit |
4.500 |
4.250 |
3.900 |
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Export Value |
35 % |
30 % |
29 % |
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Import Value |
10 % |
12 % |
11 % |
Projected Turnover (2006-07) : Rs. 120.000
LOCAL AGENCY
FURTHER INFORMATION
Trade Reference
Ø Hero Honda Motors Limited, Gurgaon
Ø Eicher India Limited
Ø Hindustan Motors Limited
Ø General Motors Limited
Ø Marathon Sensors Inc. China and Cincinnati-Ogio, Ipsen USA
Ø Mmibejining, China
Metals India is a professionally managed organization allied with high level of
industry expertise in heat treatment processes. Metals India currently has
three commercial heat treatment facilities in Haryana, India. The company was
established in 1979 with a small heat treatment shop which has now grown in
strength and brand and has become the largest fully equipped commercial heat
treatment unit providing Heat Treatment Services in India processing
approximately 800 tons of materials a month.
They have recently increased their capacity by installing the Vacuum Furnace
(Ipsen US make) with Isothermal Quench facility with 12 bar quench pressure.
This furnace is the first of its kind in India with the latest Ipsen patented
technologies AvaC™ (acetylene vacuum carburizing) and AvaC-N™ (vacuum
carbonitriding) capabilities.
Proven commitments to innovation and continuous upgrading of heat treatment
technologies have earned them ISO 9001:2000 certification Quality Supplier.
They are equipped with state-of-the-art testing equipment and technical staff
to provide customers with a broad range of experience in process development
for numerous materials and parts.
Metals India has grown in strength and brand for more than twenty-five years as
a commercial heat treatment unit throughout India supporting Automotive,
Off-Road, Tool & Die, Gears, Railways, Defense, Aviation and general
engineering industries. It is their desire to be a supplier of choice for their
customers in the area of heat-treating and related processes. Their unique
combination of skills and experience has put their company in a leadership
position in Northern India, with significant contributions in other parts of
the country as well. They take pride in saying Metals India is an all inclusive
source for "QUALITY HEAT TREATMENT".
They offer wide range of Heat Treatment Services with high quality
results that are integrated with in-house testing facilities. With their
technical know how and experience they have developed process for numerous
material and parts. Their Heat Treatment Processes include:
Heat Treatment Process
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Vacuum Carburising
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Vacuum Carbonitriding
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Vacuum Hardening
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Isothermal Quenching
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Gas Nitriding
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Annealing
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Normalizing
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Isothermal Annealing
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Stress Relieving
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Solution Annealing
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Hardening & Tempering
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Carburizing
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Carbo-Nitriding
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Nitro-Carburizing
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Neutral Hardening
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Aluminum Ageing
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Heat treatment of Die and Hot
Die Steels
Ø
Heat Treatment in INERT
Atmosphere
Facilities
Their excellence in the market is attributed to their state-of-the-art
infrastructure which is integrated with enhanced technology.
The salient features of their infrastructure include:
Ø
Vacuum Furnace TurboTreater
(Ipsen USA) with ISO Thermal Quench Facility.
Ø
Fully Automatic Sealed Quench
Furnaces (Wesman Ipsen)- 2 No.
Ø
Fully Automatic Nitriding
Furnace (Wesman Ipsen).
Ø
Forced air circulated
electrically heated- Preheating/Tempering Furnaces - 3 No.
Ø
Pneumatically operated pusher
type continuous furnaces with oil/water quench and polymer quench facilities- 3
No.
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Induction Annealing Machine.
Ø
Fluidized Bed Furnace with
automatic temperature controllers and graph recorders.
Ø
Table type double door Shot
Blasting Machine.
Ø
Ultrasonic Cleaning Machine.
Ø
Nitrogen Generator.
Quality
Assurance
Metals India an ISO 9001:2000 Certified Heat Treatment Unit is an all
inclusive source for "Quality Heat Treatment".
METALS INDIA is committed to provide high Quality service to its customers.
Quality Control and Material Testing Facilities
Ø
Carl zeiss Computerised Image
Analyser
Ø
Computerised Micro Hardness
Tester
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Krautkramer-Portable Hardness
Tester
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Wilson Wolpert-Portable
Hardness Tester
Ø
Rockwell Hardness Testers
Ø
Brinell Hardness Testers
Ø
Vickers Hardness Testers
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.28 |
|
UK Pound |
1 |
Rs.86.64 |
|
Euro |
1 |
Rs.58.10 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
YES |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
45 |
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 |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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