MIRA
INFORM REPORT
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Report Date : |
02.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
VALLEY SYSTEMS LIMITED |
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Registered Office : |
Epic House, 128 Fulwell Road, Teddington, Middlesex, TW11 0RQ |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
12/10/1984 |
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Com. Reg. No.: |
01855009 |
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Legal Form : |
Private Limited with share capital |
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Line of Business : |
The Sale and Installation of Pneumatic, Hydraulic and Electronic
Control Equipment. |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company
Identification Details
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Subject Reported on |
VALLEY SYSTEMS LIMITED |
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Trading Address |
Crabtree Road, Thorpe Ind Est, Egham, Surrey, TW20 8RN |
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Telephone |
01784 439222 |
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Trading Address |
Unit B7, Crabtree Road, Thorpe Industrial Estate, Staines, TW20 8RN |
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Telephone |
01784 439222 |
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Credit Limit |
GBP 11,000 |
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Selling to this company? The Credit Limit is the recommended maximum
outstanding debtor exposure at any one time. |
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Contract Limit |
GBP 105,900 |
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Buying from this company? The Contract Limit is the recommended
aggregate annual value for supply contracts. |
Official Company Data
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Legal Form |
Private Limited with share capital |
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Registration Number |
01855009 |
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Date of Incorporation |
12/10/1984 |
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Registered Office |
EPIC HOUSE, 128 FULWELL ROAD, TEDDINGTON, MIDDLESEX, TW11 0RQ |
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Date of Last Annual Return to Registry |
27/01/2007 |
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Activities |
THE SALE AND INSTALLATION OF PNEUMATIC, HYDRAULIC AND ELECTRONIC
CONTROL EQUIPMENT. - - |
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Accounts |
The last filed accounts cover the period to 31/12/2005 and were
presented to Companies House on 16/10/2006 |
Recently Filed
Documents
Details of the most recent documents
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Date Received |
Description |
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22/12/1990 |
Notification Of A Change Among The Directors Of A Company |
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13/03/1986 |
Notification Of A Change Among The Directors Of A Company |
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It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House. |
Known Directors
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DIRECTOR |
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Occupation |
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Address |
26, MOORFIELDS CLOSE , STAINES , MIDDX
, TW18 3LU |
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Country of Origin |
BRITISH |
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Date of Birth |
22/07/1952 |
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Appointment Date |
05/02/1991 |
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Other Appointments |
VALLEY SYSTEMS (ELECTROMAGNETIC) LIMITED |
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DIRECTOR |
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Occupation |
ENGINEER |
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Address |
26, MOORFIELDS CLOSE , STAINES , MIDDX
, TW18 3LU |
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Country of Origin |
BRITISH |
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Date of Birth |
05/01/1950 |
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Appointment Date |
05/02/1991 |
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SECRETARY |
MRS FRANCES RUSHTON |
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Address |
26 , MOORFIELDS CLOSE , STAINES , MIDDX , TW18 3LU |
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Country of Origin |
BRITISH |
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Date of Birth |
22/07/1952 |
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Appointment Date |
05/02/1991 |
Recently Resigned
Directors (last 3)
None
Share Summary
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Share Currency: |
GBP |
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Issued at date of report: |
1,000 ORD |
Shares of 100 pence each |
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Prinicipal Shareholders: |
Type Of Share |
No. of Shares |
Value |
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T C RUSHTON |
ORD |
600 |
600.00 |
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FRANCES RUSHTON |
ORD |
400 |
400.00 |
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Mortgages and Charges
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Total Registered |
1 |
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Total Outstanding |
1 |
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Total Satisfied |
0 |
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Most Recent Mortgage |
09/01/1989 |
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Date Registered |
27/01/1989 |
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Type |
9999 |
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Date Created |
09/01/1989 |
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Lender |
MIDLAND BANK PLC |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
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Details |
FIXED AND FLOATING CHARGE OVER UNDERTAKING AND ALL PROPERTY AND ASSETS
PRESENT AND FUTURE INCLUDING BOOKDEBTS UNCALLED CAPITAL |
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Satisfied? |
No |
Public Record
Information
Summary of CCJ's/Scottish Decrees
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There are no unsatisfied CCJs against the company. |
Operations
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Activities |
THE SALE AND INSTALLATION OF PNEUMATIC, HYDRAULIC AND ELECTRONIC
CONTROL EQUIPMENT. - - |
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Sic Code |
Description |
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3210 |
Manufacture of electronic valves and tubes and other electronic
components |
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Bankers |
- |
Financial Data
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Profit and Loss |
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The following figures are shown in units of GBP '000 |
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/12/2005 |
31/12/2004 |
31/12/2003 |
31/12/2002 |
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Currency |
GBP '000 |
GBP '000 |
GBP '000 |
GBP '000 |
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Consolidated? |
No |
No |
No |
No |
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Depreciation |
19 |
- |
- |
- |
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Balance Sheet |
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The following figures are shown in units of GBP '000 |
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/12/2005 |
31/12/2004 |
31/12/2003 |
31/12/2002 |
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Currency |
GBP '000 |
GBP '000 |
GBP '000 |
GBP '000 |
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Consolidated? |
No |
No |
No |
No |
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TOTAL FIXED ASSETS |
60 |
78 |
81 |
48 |
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Tangible Assets |
60 |
78 |
81 |
48 |
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Fixed Assets |
60 |
78 |
81 |
48 |
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TOTAL CURRENT ASSETS |
413 |
437 |
484 |
323 |
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Total Debtors |
268 |
214 |
255 |
201 |
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Stocks/WIP |
96 |
200 |
185 |
80 |
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Cash |
49 |
23 |
44 |
42 |
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TOTAL ASSETS |
474 |
515 |
565 |
371 |
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TOTAL CURRENT LIABILITIES |
233 |
214 |
288 |
188 |
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Other Current Liabilities |
233 |
214 |
288 |
188 |
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WORKING CAPITAL |
181 |
223 |
196 |
135 |
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TOTAL LONG TERM LIABS |
3 |
4 |
4 |
1 |
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Total Provisions |
3 |
4 |
4 |
1 |
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NET ASSETS/(LIABILITIES) |
238 |
298 |
274 |
181 |
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SHARE CAPITAL + RESERVES |
238 |
298 |
274 |
181 |
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Issued Share Capital |
1 |
1 |
1 |
1 |
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Profit and Loss account |
237 |
297 |
273 |
180 |
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SHAREHOLDERS FUNDS |
238 |
298 |
274 |
181 |
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CAPITAL EMPLOYED |
241 |
301 |
278 |
182 |
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Key Credit Ratios |
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Accounts Date |
31/12/2005 |
31/12/2004 |
31/12/2003 |
31/12/2002 |
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Current Ratio |
1.78 |
2.04 |
1.68 |
1.72 |
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Long Term Debt/T.N.W (%) |
0.00 |
0.00 |
0.00 |
0.00 |
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Quick Ratio |
1.36 |
1.11 |
1.04 |
1.29 |
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T.N.W/Total Assets |
50.33 |
57.74 |
48.42 |
48.89 |
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Equity Gearing |
50.33 |
57.74 |
48.42 |
48.89 |
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Financial Comparison |
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The following figures are shown in units of GBP '000 |
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/12/2005 |
31/12/2004 |
31/12/2003 |
31/12/2002 |
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Currency |
GBP '000 |
GBP '000 |
GBP '000 |
GBP '000 |
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Other Deferred Liabs |
0 |
0 |
0 |
0 |
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Tangible Net Worth(T.N.W) |
238 |
298 |
274 |
181 |
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Equity |
238 |
298 |
274 |
181 |
Key Industry Sector
Trends
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Company |
Industry
Averages |
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31/12/2004 |
Lower |
Median |
Upper |
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Current Ratio |
1.78 |
0.9 |
1.1 |
1.6 |
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This comparison is based on the results of 0003505 companies in the
same industrial sector: wholesale distribution (not motor vehicles etc) |
Financial Summary
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Working Capital |
The company's working capital decreased in the period by 19% |
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Tangible Net Worth |
Net worth reduced by 59,178 during the period and now stands at
GBP 238,328 |
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Fixed Assets |
The subjects fixed assets reduced during the period by GBP 17,939
to GBP 60,039 and are now 13% of total assets compared with 15% in the
previous period |
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Long Term Liabilities |
The company's long term liabilities reduced during the period by 31%
and are now 1% of net worth compared with 1% in the previous period |
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Long Term Liabilities |
Long term liabilities are now 1% of total assets compared with 1% in
the previous period |
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Long Term Liabilities |
Long term liabilities are 1% of capital employed a decrease of 0% over
the previous period |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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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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%)
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