MIRA INFORM REPORT

 

 

 

Report Date :           

21.01.2012

 

Company name and address

 

HOFFMANN FÖRDERTECHNIK GmbH Wurzen

 

 Company Status:      active

 

Main address:

Dresdener Str. 67-72

D 04808 Wurzen

Telephone:03425/8924-0

Telefax:  03425/8924-99

Homepage: www.liftket.de

E-mail:   sales@liftket.de

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Registartion data

 

 LEGAL FORM              Private limited company

 Date of foundation:        1990

 Shareholders'

 agreement:                   01.05.1990

 Registered on:              07.08.1990

 Commercial Register:    Local court 04275 Leipzig

 Under:                          HRB 570

 

 

Share capital                          

 

EUR            485,727.29

 

 

Shareholder

 

Dietrich Hoffmann

Dr.-Rudolf-Friedrichs-Str. 12

D 04808 Wurzen

born: 08.05.1926

Share:             EUR            485,727.29

 

Manager:

Matthias Hühn

Dr.-Rudolf-Friedrichs-Str. 12

D 04808 Wurzen

having sole power of representation

born: 20.12.1955

Profession: graduate engineer

Marital status: married

to:         Brigitta Hühn

born 06.11.1954

 

Proxy:

Brigitta Hühn

Dr.-Rudolf-Friedrichs-Str. 12

D 04808 Wurzen

having sole power of representation

born: 06.11.1954

Marital status: married

 

 

BUSINESS ACTIVITIES

 

 Sectors

 28290   Manufacture of other general-purpose machinery

4669   Wholesale of other machinery, equipment and supplies

 

FINANCIAL INFORMATION

 

 Payment experience:  cash discount/within agreed terms

 

 Negative information:We have no negative information at hand.

 

 Maximum credit:      250,000 EUR

 

 Balance sheet year:  2010

 

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Dresdener Str. 67-72

                      D 04808 Wurzen

 

 Real Estate of:      Matthias Hühn

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Dr.-Rudolf-Friedrichs-Str. 12

                      D 04808 Wurzen

 Type of real estate: detached single-family house

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal bank

 DEUTSCHE BANK, WURZEN

 Sort. code: 86070000, BIC: DEUTDE8LXXX

 

 Further banks

 COMMERZBANK, LEIPZIG

 Sort. code: 86040000, BIC: COBADEFF860

 UNICREDIT BANK - HYPOVEREINSBANK, LEIPZIG

 Sort. code: 86020086, BIC: HYVEDEMM495

 

 

FINANCIAL FIGURES

 

 Gross profit or loss:2010               EUR         17,238,073.00

 Profit:              2010               EUR          4,871,712.00

 Equipment:                              EUR          1,110,991.00

 Ac/ts receivable:                       EUR          4,798,664.00

 Liabillities:                           EUR          3,974,599.00

 Employees:                                                    155

 - thereof permanent staff:                                    147

 - Trainees:                                                     8

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 81.27

 Liquidity ratio:                  10.00

 Return on total capital [%]:      14.77

 Balance sheet grade:                1.0

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 83.92

 Liquidity ratio:                  10.00

 Return on total capital [%]:      13.16

 Balance sheet grade:                1.2

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 77.74

 Liquidity ratio:                  10.00

 Return on total capital [%]:      17.47

 Balance sheet grade:                1.0

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 75.86

 Liquidity ratio:                  10.00

 Return on total capital [%]:      18.35

 Balance sheet grade:                1.0

 

 Equity ratio

 The equity ratio indicates the portion of the equity as compared

 to the total capital. The higher the equity ratio, the better the

 economic stability (solvency) and thus the financial autonomy of

 a company.

 

 Liquidity ratio

 The liquidity ratio shows the proportion between adjusted

 receivables and net liabilities. The higher the ratio, the lower

 the company's financial dependancy from external creditors.

 

 Return on total capital

 The return on total capital shows the efficiency and return on

 the total capital employed in the company. The higher the return

 on total capital, the more economically does the company work

 with the invested capital.

 

 Balance sheet grade

 The balance sheet grade is based on the following ratios: equity

 ratio, liquidity ratio and return on total capital from the

 balance sheets published in the Federal Gazette.

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2010 - 31.12.2010

 

 ASSETS                                  EUR         34,236,105.32

  Fixed assets                           EUR          8,968,496.44

   Intangible assets                     EUR             63,891.50

    Other / unspecified intangible assetsEUR             63,891.50

   Tangible assets                       EUR          8,904,604.94

    Land / similar rights                EUR          5,271,125.29

    Plant / machinery                    EUR          2,235,192.57

    Other tangible assets / fixtures and

    fittings                             EUR          1,110,990.96

    Advance payments made / construction

    in progress                          EUR            287,296.12

  Current assets                         EUR         25,265,177.27

   Stocks                                EUR          7,202,590.23

   Accounts receivable                   EUR          4,798,663.81

    Other debtors and assets             EUR          4,798,663.81

   Investments in current assets         EUR            640,947.23

   Liquid means                          EUR         12,622,976.00

  Remaining other assets                 EUR              2,431.61

   Accruals (assets)                     EUR              2,431.61

 

 LIABILITIES                             EUR         34,236,105.32

  Shareholders' equity                   EUR         27,830,361.41

   Capital                               EUR            485,727.29

    Subscribed capital (share capital)   EUR            485,727.29

   Reserves                              EUR            466,489.07

    Retained earnings / revenue reserves EUR            466,489.07

   Balance sheet profit/loss (+/-)       EUR         26,878,145.05

    Profit / loss brought forward        EUR         22,006,433.11

    Annual surplus / annual deficit      EUR          4,871,711.94

  Items between shareholders' equity and

  debt capital                           EUR          1,207,310.56

   Allowances / bonuses                  EUR          1,207,310.56

  Provisions                             EUR          1,190,833.91

  Liabilities                            EUR          3,974,599.44

   Financial debts                       EUR          2,544,284.00

    Liabilities due to banks             EUR          2,544,284.00

   Other liabilities                     EUR          1,430,315.44

    Unspecified other liabilities        EUR          1,430,315.44

  Other liabilities                      EUR             33,000.00

   Deferrals (liabilities)               EUR             33,000.00

 

 Profit and loss account (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR         17,238,073.31

  Staff expenses                         EUR          5,755,504.70

   Wages and salaries                    EUR          4,902,779.38

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            852,725.32

  Total depreciation                     EUR          1,171,692.22

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR          1,171,692.22

  Other operating expenses               EUR          3,109,326.43

  Operating result from continuing

  operations                             EUR          7,201,549.96

  Interest result (+/-)                  EUR            -17,194.19

   Interest and similar income           EUR            128,602.31

   Interest and similar expenses         EUR            145,796.50

  Financial result (+/-)                 EUR            -17,194.19

  Result from ordinary operations (+/-)  EUR          7,184,355.77

  Extraordinary expenses                 EUR            181,239.00

  Extraordinary result (+/-)             EUR           -181,239.00

  Income tax / refund of income tax (+/-)EUR         -2,093,925.75

  Other taxes / refund of taxes          EUR            -37,479.08

  Tax (+/-)                              EUR         -2,131,404.83

  Annual surplus / annual deficit        EUR          4,871,711.94

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR         29,668,303.76

  Fixed assets                           EUR          7,763,934.22

   Intangible assets                     EUR             49,323.00

    Other / unspecified intangible assetsEUR             49,323.00

   Tangible assets                       EUR          7,714,611.22

    Land / similar rights                EUR          5,225,138.69

    Plant / machinery                    EUR          1,542,827.07

    Other tangible assets / fixtures and

    fittings                             EUR            946,645.46

  Current assets                         EUR         21,901,437.93

   Stocks                                EUR          6,648,046.19

   Accounts receivable                   EUR          3,830,419.50

    Other debtors and assets             EUR          3,830,419.50

   Investments in current assets         EUR            480,840.04

   Liquid means                          EUR         10,942,132.20

  Remaining other assets                 EUR              2,931.61

   Accruals (assets)                     EUR              2,931.61

 

 LIABILITIES                             EUR         29,668,303.76

  Shareholders' equity                   EUR         24,322,087.03

   Capital                               EUR            485,727.29

    Subscribed capital (share capital)   EUR            485,727.29

   Reserves                              EUR            441,132.06

    Retained earnings / revenue reserves EUR            441,132.06

   Balance sheet profit/loss (+/-)       EUR         23,395,227.68

    Profit / loss brought forward        EUR         19,400,708.17

    Annual surplus / annual deficit      EUR          3,994,519.51

  Items between shareholders' equity and

  debt capital                           EUR          1,159,363.01

   Special items with reserve funds      EUR          1,159,363.01

  Provisions                             EUR          1,087,961.45

  Liabilities                            EUR          3,059,892.27

   Financial debts                       EUR          1,857,183.66

    Liabilities due to banks             EUR          1,857,183.66

   Other liabilities                     EUR          1,202,708.61

    Unspecified other liabilities        EUR          1,202,708.61

  Other liabilities                      EUR             39,000.00

   Deferrals (liabilities)               EUR             39,000.00

 

 Profit and loss account (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR         14,292,614.65

  Staff expenses                         EUR          4,902,364.74

   Wages and salaries                    EUR          4,145,955.59

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            756,409.15

  Total depreciation                     EUR          1,078,214.29

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR          1,078,214.29

  Other operating expenses               EUR          2,695,091.48

  Operating result from continuing

  operations                             EUR          5,616,944.14

  Interest result (+/-)                  EUR            -54,143.25

   Interest and similar income           EUR             82,499.38

   Interest and similar expenses         EUR            136,642.63

  Financial result (+/-)                 EUR            -54,143.25

  Result from ordinary operations (+/-)  EUR          5,562,800.89

  Extraordinary income                   EUR             92,730.00

  Extraordinary result (+/-)             EUR             92,730.00

  Income tax / refund of income tax (+/-)EUR         -1,623,270.16

  Other taxes / refund of taxes          EUR            -37,741.22

  Tax (+/-)                              EUR         -1,661,011.38

  Annual surplus / annual deficit      EUR          3,994,519.51

MIRA INFORM REPORT

 

Report Date :           

21.01.2012

 

IDENTIFICATION DETAILS

 

Name :

HOFFMANN FÖRDERTECHNIK GMBH WURZEN

 

 

Registered Office :

Dresdener Str. 67-72, D 04808 Wurzen

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

07.08.1990

 

 

Com. Reg. No.:

HRB 570

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of other general-purpose machinery

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

250,000 EUR

Status :

Satisfactory

Payment Behaviour :

Regular

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Germany

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address 

 

HOFFMANN FÖRDERTECHNIK GmbH Wurzen

 

Main address:

Dresdener Str. 67-72

D 04808 Wurzen

Telephone:        03425/8924-0

Telefax:             03425/8924-99

Homepage:        www.liftket.de

E-mail:              sales@liftket.de

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         1990

Shareholders'

agreement:                    01.05.1990

Registered on:               07.08.1990

Commercial Register:     Local court 04275 Leipzig

under:                                       HRB 570

Share capital:                 EUR            485,727.29

 

 

Shareholder

 

Dietrich Hoffmann

Dr.-Rudolf-Friedrichs-Str. 12

D 04808 Wurzen

born: 08.05.1926

Share:             EUR            485,727.29

 

 

Manager

 

Matthias Hühn

Dr.-Rudolf-Friedrichs-Str. 12

D 04808 Wurzen

having sole power of representation

born: 20.12.1955

Profession: graduate engineer

Marital status: married

to:         Brigitta Hühn

born 06.11.1954

 

 

Proxy

 

Brigitta Hühn

Dr.-Rudolf-Friedrichs-Str. 12

D 04808 Wurzen

having sole power of representation

born: 06.11.1954

Marital status: married

 

 

BUSINESS ACTIVITIES

 

Sectors

28290   Manufacture of other general-purpose machinery

4669   Wholesale of other machinery, equipment and supplies

 

 

FINANCIAL INFORMATION

 

Payment experience:     cash discount/within agreed terms

           

 Negative information:     We have no negative information at hand.

 

 Maximum credit:           250,000 EUR

 

Balance sheet year:       2009

 

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Dresdener Str. 67-72

                        D 04808 Wurzen

 

 Real Estate of:      Matthias Hühn

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Dr.-Rudolf-Friedrichs-Str. 12

                        D 04808 Wurzen

 Type of real estate: detached single-family house

 

 Land register documents were not available.

 

 

BANKERS

 

Principal bank

DEUTSCHE BANK, WURZEN

Sort. code: 86070000, BIC: DEUTDE8LXXX

 

Further banks

COMMERZBANK, LEIPZIG

Sort. code: 86040000, BIC: COBADEFF860

 

UNICREDIT BANK - HYPOVEREINSBANK, LEIPZIG

Sort. code: 86020086, BIC: HYVEDEMM495

 

 

FINANCIAL FIGURES

 

 Gross profit or loss:2009               EUR         14,292,615.00

 Profit:              2009               EUR          3,994,520.00

 Employees:                                                    150

 - thereof permanent staff:                                    142

 - Trainees:                                                     8

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 83.92

 Liquidity ratio:                  10.00

 Return on total capital [%]:      13.16

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 77.74

 Liquidity ratio:                  10.00

 Return on total capital [%]:      17.47

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 75.86

 Liquidity ratio:                  10.00

 Return on total capital [%]:      18.35

Equity ratio

The equity ratio indicates the portion of the equity as compared to the total capital. The higher the equity ratio, the better the economic stability (solvency) and thus the financial autonomy of a company.

 

Liquidity ratio

The liquidity ratio shows the proportion between adjusted receivables and net liabilities. The higher the ratio, the lower the company's financial dependancy from external creditors.

 

Return on total capital

The return on total capital shows the efficiency and return on the total capital employed in the company. The higher the return on total capital, the more economically does the company work with the invested capital.

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR         29,668,303.76

  Fixed assets                           EUR          7,763,934.22

   Intangible assets                     EUR             49,323.00

    Other / unspecified intangible assetsEUR             49,323.00

   Tangible assets                       EUR          7,714,611.22

    Land / similar rights                EUR          5,225,138.69

    Plant / machinery                    EUR          1,542,827.07

    Other tangible assets / fixtures and

    fittings                             EUR            946,645.46

  Current assets                         EUR         21,901,437.93

   Stocks                                EUR          6,648,046.19

   Accounts receivable                   EUR          3,830,419.50

    Other debtors and assets             EUR          3,830,419.50

   Investments in current assets         EUR            480,840.04

   Liquid means                          EUR         10,942,132.20

  Remaining other assets                 EUR              2,931.61

   Accruals (assets)                     EUR              2,931.61

 

 LIABILITIES                             EUR         29,668,303.76

  Shareholders' equity                   EUR         24,322,087.03

   Capital                               EUR            485,727.29

    Subscribed capital (share capital)   EUR            485,727.29

   Reserves                              EUR            441,132.06

    Retained earnings / revenue reserves EUR            441,132.06

   Balance sheet profit/loss (+/-)       EUR         23,395,227.68

    Profit / loss brought forward        EUR         19,400,708.17

    Annual surplus / annual deficit      EUR          3,994,519.51

  Items between shareholders' equity and

  debt capital                           EUR          1,159,363.01

   Special items with reserve funds      EUR          1,159,363.01

  Provisions                             EUR          1,087,961.45

  Liabilities                            EUR          3,059,892.27

   Financial debts                       EUR          1,857,183.66

    Liabilities due to banks             EUR          1,857,183.66

   Other liabilities                     EUR          1,202,708.61

    Unspecified other liabilities        EUR          1,202,708.61

  Other liabilities                      EUR             39,000.00

   Deferrals (liabilities)               EUR             39,000.00

 

 Profit and loss account (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR         14,292,614.65

  Staff expenses                         EUR          4,902,364.74

   Wages and salaries                    EUR          4,145,955.59

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            756,409.15

  Total depreciation                     EUR          1,078,214.29

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR          1,078,214.29

  Other operating expenses               EUR          2,695,091.48

  Operating result from continuing

  operations                             EUR          5,616,944.14

  Interest result (+/-)                  EUR            -54,143.25

   Interest and similar income           EUR             82,499.38

   Interest and similar expenses         EUR            136,642.63

  Financial result (+/-)                 EUR            -54,143.25

  Result from ordinary operations (+/-)  EUR          5,562,800.89

  Extraordinary income                   EUR             92,730.00

  Extraordinary result (+/-)             EUR             92,730.00

  Income tax / refund of income tax (+/-)EUR         -1,623,270.16

  Other taxes / refund of taxes          EUR            -37,741.22

  Tax (+/-)                              EUR         -1,661,011.38

  Annual surplus / annual deficit        EUR          3,994,519.51

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2008 - 31.12.2008

 

 ASSETS                                  EUR         27,888,495.01

  Fixed assets                           EUR          8,406,706.72

   Intangible assets                     EUR             34,467.00

    Other / unspecified intangible assetsEUR             34,467.00

   Tangible assets                       EUR          8,372,239.72

    Land / similar rights                EUR          5,422,960.19

    Plant / machinery                    EUR          1,931,234.57

    Other tangible assets / fixtures and

    fittings                             EUR          1,018,044.96

  Current assets                         EUR         19,478,356.68

   Stocks                                EUR          6,759,553.47

   Accounts receivable                   EUR          4,510,803.99

    Other debtors and assets             EUR          4,510,803.99

   Investments in current assets         EUR            280,332.52

   Liquid means                          EUR          7,927,666.70

  Remaining other assets                 EUR              3,431.61

   Accruals (assets)                     EUR              3,431.61

 

 LIABILITIES                             EUR         27,888,495.01

  Shareholders' equity                   EUR         21,022,567.52

   Capital                               EUR            485,727.29

    Subscribed capital (share capital)   EUR            485,727.29

   Reserves                              EUR            441,132.06

    Retained earnings / revenue reserves EUR            441,132.06

   Balance sheet profit/loss (+/-)       EUR         20,095,708.17

    Profit / loss brought forward        EUR         15,227,846.58

    Annual surplus / annual deficit      EUR          4,867,861.59

  Items between shareholders' equity and

  debt capital                           EUR          1,324,255.07

   Special items with reserve funds      EUR          1,324,255.07

  Provisions                             EUR          2,004,867.64

  Liabilities                            EUR          3,491,804.78

   Financial debts                       EUR          2,154,329.57

    Liabilities due to banks             EUR          2,154,329.57

   Other liabilities                     EUR          1,337,475.21

    Unspecified other liabilities        EUR          1,337,475.21

  Other liabilities                      EUR             45,000.00

   Deferrals (liabilities)               EUR             45,000.00

 

 Profit and loss account (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR         15,808,289.52

  Staff expenses                         EUR          5,017,345.27

   Wages and salaries                    EUR          4,277,675.11

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            739,670.16

  Total depreciation                     EUR          1,153,956.15

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR          1,153,956.15

  Other operating expenses               EUR          2,845,700.58

  Operating result from continuing

  operations                             EUR          6,791,287.52

  Interest result (+/-)                  EUR             96,403.96

   Interest and similar income           EUR            218,961.59

   Interest and similar expenses         EUR            122,557.63

  Financial result (+/-)                 EUR             96,403.96

  Result from ordinary operations (+/-)  EUR          6,887,691.48

  Income tax / refund of income tax (+/-)EUR         -1,978,980.90

  Other taxes / refund of taxes          EUR            -40,848.99

  Tax (+/-)                              EUR         -2,019,829.89

  Annual surplus / annual deficit        EUR          4,867,861.59

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.33

UK Pound

1

Rs.77.97

Euro

1

Rs.65.31

 

 

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

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NB

New Business

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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

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