Company name and address

Corporate Overview

Financial Data

Corporate Structure News

Executives Report

Directors and Shareholders Report

Annual Profit & Loss

MIRA INFORM REPORT

Report Date :

07.11.2011

IDENTIFICATION DETAILS

Name :	MPL HOME LTD.

Registered Office :	1 Old Parkbury Lane Colney St St Albans, AL2 2EB

Country :	United Kingdom

Financials (as on) :	31.12.2010

Date of Incorporation :	10.01.1946

Com. Reg. No.:	00402965

Legal Form :	Private Subsidiary

Line of Business :	Wholesale of textiles

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	No Complaints
Litigation :	Clear

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 – September 30, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

United Kingdom

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Top of Form

Bottom of Form

Mpl Home Ltd.

1 Old Parkbury Lane

Colney St
St Albans, AL2 2EB
United Kingdom
Map

Tel:	01923 289289
Fax:	01923 289200

Suggest Company URL

Employees:	30
Company Type:	Private Subsidiary
Corporate Family:	2 Companies
Ultimate Parent:	Senza Group Ltd.

Quoted Status:	Non-quoted Company
Incorporation Date:	10-Jan-1946
Auditor:	Uhy Hacker Young

Financials in:	USD (mil)

Fiscal Year End:	31-Dec-2010
Reporting Currency:	British Pound Sterling
Annual Sales:	21.3 ¹
Net Income:	0.0
Total Assets:	8.9

Business Description

Maurice Phillips & Co. Ltd. is a retail services business that provides various aspects of supply chain management incorporating design, sourcing, quality control, importing, warehousing and category management. The company operates through distribution centres and additional sales and production offices in France, Belgium, Turkey, India and China. Maurice Phillips supplies home textiles and home accessory products to some of the leading multiple retailers and speciality store groups. The products offered by the company include bedding: printed, embroidered, jacquard, plain dye sheets; and kitchen: oven gloves, tea towels and kitchen coordinates. It also offers towels, curtains, soft furnishings, trays, placemats, coasters and bins.

Industry

Industry	Apparel and Accessories
ANZSIC 2006:	3711 - Textile Product Wholesaling
NACE 2002:	5141 - Wholesale of textiles
NAICS 2002:	424310 - Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers
UK SIC 2003:	5141 - Wholesale of textiles
US SIC 1987:	5131 - Piece Goods, Notions, and Other Dry Good

Key Executives

Name	Title
Ian Jonathan Phillips	Managing Director
Steven Molloy	Finance Director
Paul Jeremy Rosen	Finance Director
Paul Weeks	Secretary
Paul Martin	Director

Financial Summary

FYE: 31-Dec-2010

USD (mil)

Key Figures
Current Assets	8.66
Fixed Assets	0.24
Total Liabilities	6.36
Net Worth	2.52

Key Ratios
Current Ratio	1.36
Acid Test	1.08
Debt Gearing	0.88

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6475734
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6387123

Location
1 Old Parkbury Lane
Colney St
St Albans, AL2 2EB
Hertfordshire County
United Kingdom

Tel:	01923 289289
Fax:	01923 289200

Suggest Company URL

Sales GBP(mil):	13.8
Assets GBP(mil):	5.7
Employees:	30
Fiscal Year End:	31-Dec-2010


Industry:	Apparel and Accessories

Registered Address:
1 Old Parkbury Lane
Colney St
St Albans
St Albans, AL2 2EB
United Kingdom

Incorporation Date:	10-Jan-1946
Company Type:	Private Subsidiary
Quoted Status:	Not Quoted
Registered No.(UK):	00402965


Managing Director:	Ian Jonathan Phillips

Contents

· Industry Codes

· Business Description

· Financial Data

· Key Corporate Relationships

Industry Codes

ANZSIC 2006 Codes:
3494	-	Other Electrical and Electronic Goods Wholesaling
3711	-	Textile Product Wholesaling
3739	-	Other Goods Wholesaling Not Elsewhere Classified

NACE 2002 Codes:
5147	-	Wholesale of other household goods
5141	-	Wholesale of textiles
5143	-	Wholesale of electrical household appliances and radio and television goods

NAICS 2002 Codes:
4236	-	Electrical and Electronic Goods Merchant Wholesalers
424310	-	Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers
4232	-	Furniture and Home Furnishing Merchant Wholesalers

US SIC 1987:
5099	-	Durable Goods, Not Elsewhere Classified
5064	-	Electrical Appliances, Television and Radio Sets
5131	-	Piece Goods, Notions, and Other Dry Good

UK SIC 2003:
5147	-	Wholesale of other household goods
5141	-	Wholesale of textiles
5143	-	Wholesale of electrical household appliances and radio and television goods

Business Description

More Business Descriptions

Textile Merchants

Financials in:	GBP(mil)

Revenue:	13.8
Net Income:	0.0
Assets:	5.7
Current Assets:	5.5
Fixed Assets:	0.2
Long Term Debt:	0.0
Total Liabilities:	4.1
Issued Capital:	0.4
Working Capital:	1.5
Net Worth:	1.6

Date of Financial Data:	31-Dec-2010

1 Year Growth

-17.7%

37.9%

Key Corporate Relationships

Auditor:	Uhy Hacker Young
Bank:	Hsbc Bank PLC

Auditor:	Uhy Hacker Young

Auditor History
Uhy Hacker Young	31-Dec-2010
Uhy Hacker Young	31-Dec-2009
Uhy Hacker Young	31-Dec-2008
Uhy Hacker Young LLP	31-Dec-2007
Uhy Hacker Young LLP	31-Dec-2006

	GBP(mil)
Audit Fees:	0.0
Non Audit Fees:	0.0
Audit Fiscal Year:	12-31-2010

Mpl Home Ltd. Total Corporate Family Members: 2

Company Name	Company Type	Location	Country	Industry	Sales (USD mil)	Employees
Senza Group Ltd.	Parent	London	United Kingdom	Business Services	21.3	30
Mpl Home Ltd.	Subsidiary	St Albans	United Kingdom	Apparel and Accessories	21.3	30

Board of Directors

Name

Title

Function

Paul Martin

Director

Director/Board Member

Marian Phillips

Director

Director/Board Member

Francis Pritchard

Director

Director/Board Member

Executives

Name

Title

Function

Ian Jonathan Phillips

Managing Director

Paul Weeks

Secretary

Company Secretary

Steven Molloy

Finance Director

Finance Executive

Paul Jeremy Rosen

Finance Director

Finance Executive

Main Office Address:
1 Old Parkbury Lane
St Albans
United Kingdom AL2 2EB

Tel: 01923 289289
Fax: 01923 289200

Annual Return Date: 27 May 2011
Total Issued Capital (GBP 000): 400

Individual Directors

Name	Status	DOB	Filed Address	Appointment Date	Resignation Date	Summary of Directorships
Francis Pritchard	Current	18 Sep 1973	1 Old Parkbury Lane, Colney Street, St. Albans, Hertfordshire AL2 2EB	01 Mar 2008	NA	Current:1 Previous:0 Disqualifications:0
Paul Rosen	Current	09 Feb 1964	7 Broadfield Way, Watford, Hertfordshire WD25 8DZ	19 Dec 2008	NA	Current:2 Previous:1 Disqualifications:0
Paul Martin	Current	17 Nov 1956	1 Old Parkbury Lane, Colney Street, St. Albans, Hertfordshire AL2 2EB	03 Jun 2011	NA	Current:1 Previous:0 Disqualifications:0
Ian Jonathan Phillips	Current	14 Mar 1959	89 Hampstead Way, London , London NW11 7LG	06 Apr 1992	NA	Current:8 Previous:0 Disqualifications:0
Steven Molloy	Previous	20 Jan 1964	327 Brantingham Road, Manchester, Greater Manchester M21 0GU	28 Apr 2005	31 Mar 2011	Current:0 Previous:10 Disqualifications:0
Montague Gerald Rubin	Previous	22 May 1932	83 Whitecroft Way, Park Langley, Beckenham, Kent BR3 3AW	06 Apr 1992	22 May 1997	Current:0 Previous:2 Disqualifications:0
Gerald Grant	Previous	26 Aug 1945	110 Cranley Drive, Ilford, Essex IG2 6AJ	06 Apr 1992	02 Jan 2002	Current:0 Previous:1 Disqualifications:0
Graham Roy Gunner	Previous	03 Jan 1947	1 Grays Walk, Chesham, Buckinghamshire HP5 2EQ	06 Apr 1992	02 Jan 2002	Current:0 Previous:1 Disqualifications:0
William Anthony Dixon	Previous	13 May 1938	4 Elmstead Gardens, West Wittering, Chichester, West Sussex PO20 8NG	11 Feb 1994	31 Oct 1997	Current:0 Previous:1 Disqualifications:0
Brian Thomas Hendon	Previous	21 Mar 1950	Quadrant House Floor 6 4 Thomas More Square, London , London E1W 1YW	01 Apr 1998	19 Dec 2008	Current:8 Previous:6 Disqualifications:0
Marian Phillips	Previous	NA	The Old School House 7 Sandy Road, London , London NW3 7EY	06 Apr 1992	19 Dec 2008	Current:0 Previous:1 Disqualifications:0
Suzanne Leila Ralton	Previous	07 Jul 1954	24 Edgeworth Crescent, Hendon, London , London NW4 4HG	06 Apr 1992	06 Nov 1997	Current:2 Previous:2 Disqualifications:0
Richard David Mcdougal	Previous	20 Mar 1957	25 Hall Park Gate, Berkhamsted, Hertfordshire HP4 2NL	NA	06 Apr 1997	Current:2 Previous:5 Disqualifications:0
Paul Jeremy Rosen	Previous	09 Feb 1964	41 Saint James Lane, Muswell Hill, London N10 3DA	06 Apr 1997	31 Dec 2004	Current:0 Previous:8 Disqualifications:0
Malcolm Bryan Phillips	Previous	01 Feb 1932	The Old School House 7 Sandy Road, London , London NW3 7EY	06 Apr 1992	19 Dec 2008	Current:2 Previous:4 Disqualifications:0
Simon John Tyson	Previous	14 Oct 1968	94 Forest Hill, Buckhurst Hill, Essex IG9 5AB	02 Jan 2002	31 Jul 2009	Current:1 Previous:1 Disqualifications:0
Mark Edward Jordan	Previous	29 Mar 1967	174 Dawlish Drive, Ilford, Essex IG3 9EQ	02 Jan 2002	18 Aug 2003	Current:0 Previous:3 Disqualifications:0
Christopher John Meehan	Previous	17 Mar 1962	1 Quail Ridge, Ford, Shrewsbury, Shropshire SY5 9LF	02 Jan 2002	11 Nov 2005	Current:0 Previous:1 Disqualifications:0

Corporate Directors

There are no corporate directors for this company.

Individual Secretaries

Name	Status	DOB	Filed Address	Appointment Date	Resignation Date	Summary of Directorships
Paul Weeks	Current	NA	1 Old Parkbury Lane, Colney Street, St. Albans, Hertfordshire AL2 2EB	01 Jul 2011	NA	Current:1 Previous:0 Disqualifications:0
Steven Molloy	Previous	20 Jan 1964	327 Brantingham Road, Manchester, Greater Manchester M21 0GU	01 Apr 2003	31 Mar 2011	Current:0 Previous:10 Disqualifications:0
Stephen William Mussett	Previous	NA	1 Old Parkbury Lane, Colney Street, St. Albans, Hertfordshire AL2 2EB	31 Mar 2011	01 Jul 2011	Current:0 Previous:1 Disqualifications:0
Paul Jeremy Rosen	Previous	09 Feb 1964	41 Saint James Lane, Muswell Hill, London N10 3DA	06 Apr 1997	01 Apr 2003	Current:0 Previous:8 Disqualifications:0
Richard David Mcdougal	Previous	20 Mar 1957	25 Hall Park Gate, Berkhamsted, Hertfordshire HP4 2NL	NA	06 Apr 1997	Current:2 Previous:5 Disqualifications:0

Corporate Secretaries

There are no corporate secretaries for this company.

Corporate Shareholders

Company Name	Registration Number	Share Details (As Reported)	Share Type	# of Shares	Share Price (GBP)	Share Value (GBP)	% of Total Shares
Senza Group Limited	06701937	400000 Ordinary GBP 1.00	Ordinary	400,000	1.00	400,000.00	100.00

Individual Shareholders

There are no individual shareholders for this company.

Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)

Financial Glossary

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate (Period Average)	0.647573	0.641508	0.545576	0.499878	0.543438
Consolidated	No	No	No	No	No

Turnover (UK)	20.7	24.7	-	-	-
Turnover (Exports)	0.7	1.4	-	-	-
Total Turnover	21.3	26.1	43.1	51.2	46.9
Cost of Sales	14.9	20.4	33.8	39.3	36.2
Gross Profit	6.4	5.7	9.3	11.9	10.7
Depreciation	0.1	0.1	0.2	0.1	0.1
Other Expenses	6.6	6.0	10.5	11.6	9.9
Other Income	0.2	0.1	0.6	0.4	0.2
Interest Paid	0.0	0.0	0.3	0.3	0.2
Exceptional Income	0.0	0.0	0.0	0.0	0.0
Discontinued Operations	0.0	0.0	0.0	0.0	-
Profit Before Taxes	0.1	-0.2	-0.9	0.5	0.9
Tax Payable / Credit	0.0	0.0	-0.1	0.1	0.2
Extraordinary Items/Debits	0.0	0.0	0.0	0.0	0.0
Dividends	0.0	0.0	2.3	0.0	0.0
Profit After Taxes	0.0	-0.2	-3.2	0.3	0.6
Minority Interests (Profit & Loss)	0.0	0.0	0.0	0.0	0.0
Audit Fees	0.0	0.0	0.0	0.1	0.1
Non Audit Fees	0.0	0.0	0.0	0.0	0.0
Number of Employees	30	28	36	37	33
Wages	2.0	1.8	2.2	2.3	1.7
Social Security Costs	0.2	0.2	0.2	0.3	0.2
Pensions	0.0	0.0	0.0	0.0	0.0
Other Pension Costs	0.0	0.1	0.1	0.1	0.1
Employees Remuneration	2.2	2.0	2.5	2.7	2.0
Directors Emoluments	0.8	0.7	0.5	0.4	0.3
Other Costs	0.0	0.0	0.0	0.0	0.0
Directors Remuneration	0.8	0.7	0.5	0.5	0.3
Highest Paid Director	0.4	0.3	0.2	0.3	-

Annual Balance Sheet

Financials in: USD (mil)

Financial Glossary

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate	0.638712	0.619253	0.695531	0.502361	0.510947
Consolidated	No	No	No	No	No

Land & Buildings	0.0	0.0	0.0	0.0	0.0
Fixtures & Fittings	0.0	0.1	0.1	0.1	0.2
Plant & Vehicles	0.2	0.2	0.2	0.2	0.2
Total Tangible Fixed Assets	0.2	0.3	0.3	0.3	0.4
Intangible Assets	0.0	0.0	0.0	0.0	0.0
Investments	0.0	0.0	0.0	0.0	0.0
Total Fixed Assets	0.2	0.3	0.3	0.3	0.4
Stocks	1.8	0.9	3.2	6.3	5.4
Work in Progress	0.0	0.0	0.0	0.0	0.0
Total Stocks Work In Progress	1.8	0.9	3.2	6.3	5.4
Trade Debtors	5.5	5.6	6.4	7.9	8.3
Inter-Company Debtors	0.5	0.2	0.0	2.4	0.3
Other Debtors	0.5	0.3	0.2	0.5	0.2
Total Debtors	6.5	6.1	6.6	10.8	8.8
Cash and Equivalents	0.4	1.1	0.6	0.9	0.5
Other Current Assets	0.0	0.0	0.0	0.0	0.0
Total Current Assets	8.7	8.1	10.3	18.0	14.7
Total Assets	8.9	8.4	10.7	18.3	15.1
Trade Creditors	1.5	1.4	1.6	2.2	0.7
Bank Overdraft	3.1	3.0	4.8	6.0	4.7
Inter-Company Creditors	0.0	0.2	0.3	1.0	0.7
Director Loans (Current Liability)	-	0.0	-	-	-
Hire Purchase (Current Liability)	0.0	0.0	-	-	-
Finance Lease (Current Liability)	0.0	0.0	-	-	-
Total Finance Lease/Hire Purchase (Current Liability)	0.0	0.0	-	-	-
Total Short Term Loans	0.0	0.0	-	-	-
Accruals/Deferred Income (Current Liability)	1.1	0.9	0.9	1.1	0.9
Social Security/VAT	0.4	0.3	0.3	0.7	1.1
Corporation Tax	-	0.0	0.0	0.1	0.2
Dividends (Current Liability)	-	0.0	-	-	-
Other Current Liabilities	0.2	0.0	0.3	0.4	0.4
Total Current Liabilities	6.4	5.8	8.2	11.5	8.7
Group Loans (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Director Loans (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Hire Purchase (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Leasing (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Total Hire Purchase Loans (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Other Long Term Loans	0.0	0.0	0.0	0.0	0.0
Accruals/Deferred Income (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Other Long Term Liabilities	0.0	0.0	0.0	0.0	0.0
Total Long Term Liabilities	0.0	0.0	0.0	0.0	0.0
Deferred Taxation	0.0	0.0	0.0	0.0	0.0
Other Provisions	0.0	0.0	0.0	0.0	0.0
Total Provisions	0.0	0.0	0.0	0.0	0.0
Issued Capital	0.6	0.6	0.6	0.8	0.8
Share Premium Accounts	0.0	0.0	0.0	0.0	0.0
Revaluation Reserve	0.0	0.0	0.0	0.0	0.0
Retained Earnings	1.7	1.7	1.7	5.8	5.4
Other Reserves	0.2	0.2	0.1	0.2	0.2
Minority Interests (Balance Sheet)	0.0	0.0	0.0	0.0	0.0
Total Shareholders Funds	2.5	2.5	2.4	6.8	6.4
Net Worth	2.5	2.5	2.4	6.8	6.4

Annual Cash Flows

Financials in: USD (mil)

Financial Glossary

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate (Period Average)	0.647573	0.641508	0.545576	0.499878	0.543438
Consolidated	No	No	No	No	No

Net Cash Flow From Operating Activities	-1.0	2.8	2.2	-0.3	-2.1
Net Cash Flow from ROI and Servicing of Finance	0.0	0.0	-0.3	-0.3	-0.2
Taxation	0.0	0.1	-0.1	-0.1	-0.1
Capital Expenditures	-0.1	0.0	-0.3	-0.1	-0.1
Acquisitions and Disposals	0.0	0.0	0.0	0.0	0.0
Paid Up Equity	0.0	0.0	-2.3	0.0	0.0
Management of Liquid Resources	0.0	0.0	0.0	0.0	0.0
Net Cash Flow From Financing	0.4	-3.4	1.2	0.9	2.3
Increase in Cash	-0.7	-0.6	0.4	0.0	-0.3

Annual Ratios

Financials in: USD (mil)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate	0.638712	0.619253	0.695531	0.502361	0.510947
Consolidated	No	No	No	No	No

Current Ratio	1.36	1.39	1.26	1.57	1.69
Liquidity Ratio	1.08	1.23	0.87	1.02	1.07
Stock Turnover	12.06	29.54	10.58	8.10	9.20
Credit Period (Days)	93.02	75.55	68.90	56.93	60.77
Working Capital by Sales	10.62%	8.42%	6.31%	12.75%	12.03%
Trade Credit by Debtors	0.26	0.25	0.25	0.28	0.08
Return on Capital	2.24%	-7.89%	-28.73%	6.72%	14.15%
Return on Assets	0.64%	-2.42%	-6.59%	2.51%	5.99%
Profit Margin	0.26%	-0.75%	-2.08%	0.90%	1.81%
Return on Shareholders Funds	2.26%	-8.00%	-28.73%	6.72%	14.15%
Borrowing Ratio	125.79%	127.52%	208.17%	101.31%	84.34%
Equity Gearing	28.27%	30.24%	22.94%	37.33%	42.30%
Debt Gearing	0.88%	1.39%	-	-	-
Interest Coverage	1.24	-4.11	-3.34	1.47	4.27
Sales by Tangible Assets	88.32	89.70	107.27	151.51	127.92
Average Remuneration per Employee	0.1	0.1	0.1	0.1	0.1
Profit per Employee	0.0	0.0	0.0	0.0	0.0
Sales per Employee	0.7	1.0	0.9	1.4	1.5
Capital Employed per Employee	0.1	0.1	0.1	0.2	0.2
Tangible Assets per Employee	0.0	0.0	0.0	0.0	0.0
Total Assets per Employee	0.3	0.3	0.3	0.5	0.5
Employee Remuneration by Sales	10.40%	7.81%	5.74%	5.30%	4.25%
Creditor Days (Cost of Sales Based)	35.27	24.65	22.08	20.88	6.23
Creditor Days (Sales Based)	24.61	19.25	17.31	16.02	4.80

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.08
UK Pound	1	Rs.78.65
Euro	1	Rs.67.79

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
--	NB	New Business	--

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.