MIRA INFORM REPORT

 

 

 

Report Date :

15.05.2012

 

 Supplement

In the meantime there have been changes in particular in the following areas subject to monitoring:

   - Legal form

 

 

COMPANY name and address

 

Codello Lifestyle-Accessoires GmbH

 

 Company Status:      active

                      Bahnhofstr. 8c

                      D 82229 Seefeld

                      Telephone:08152/9903-0

                      Telefax:  08152/9903-10

                      Homepage: www.codello.de

                      E-mail:   info@codello.de

 

 

VAT no.         

 

DE128219410

 

 

CONCLUSION

 

 Business relations are permissible.

 

Registartion data

 

 LEGAL FORM              Private limited company

 Date of foundation:        14.12.1979

 Shareholders'

 agreement:                   14.12.1979

 Registered on:              07.02.1980

 Commercial Register:    Local court 80797 München

 under:                          HRB 61467

 

 

Share capital                    

 

EUR            204,516.75

 

 

Shareholder

 

Heinrich Schnabl

D 82266 Inning

born: 01.10.1943

Share:             EUR            184,065.08

 

Shareholder:

Michael Schnabl

Brunnenweg 3

D 82229 Seefeld

born: 01.04.1976

Share:             EUR             10,225.84

 

Shareholder:

Miriam Schnabl

Brunnenweg 3

D 82229 Seefeld

born: 22.07.1981

Share:             EUR             10,225.84

 

Manager:

Heinrich Schnabl

D 82266 Inning

having sole power of representation

born: 01.10.1943

Profession: Businessman

Marital status: married

 

Manager:

Michael Schnabl

Brunnenweg 3

D 82229 Seefeld

having sole power of representation

born: 01.04.1976

 

Manager:

Miriam Schnabl

Brunnenweg 3

D 82229 Seefeld

having sole power of representation

born: 22.07.1981

 

Manager:

Anneliese Schnabl

D 82266 Inning

having sole power of representation

born: 17.09.1948

 

 

Further functions/participations of Heinrich Schnabl

(Manager)

 

Liquidator:

Codello Retail GmbH

Bahnhofstr. 8c

D 82229 Seefeld

Legal form: Private limited company in

liquidation

Share capital:     EUR             25,000.00

Registered

on:         23.02.2006

Reg. data:  80797 München, HRB 161184

 

BUSINESS ACTIVITIES

 

 Sectors

 14190   Manufacture of other wearing apparel and accessories n.e.c.

 

 

PARTICIPATIONS

 

Shareholder:

Codello Retail GmbH

Bahnhofstr. 8c

D 82229 Seefeld

Legal form: Private limited company

Company Status: in         since: 03.01.2012

liquidation

Share capital:     EUR             25,000.00

Share:             EUR             25,000.00

Reg. data:  23.02.2006

Local court 80797 München

HRB 161184

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

 Balance sheet year:  2010

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Bahnhofstr. 8c

                      D 82229 Seefeld

 

 Real Estate of:      Heinrich Schnabl

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Brunnenweg 3 OT Hechendorf

                      D 82229 Seefeld

 Type of real estate: residential and business location

 Value at selling price:                 EUR          1,023,000.00

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal bank

 COMMERZBANK, MÜNCHEN

 Sort. code: 70040041, BIC: COBADEFF700

 

 

FINANCIAL FIGURES

 

 Gross profit or loss:2010               EUR          9,848,544.00

 Profit:              2010               EUR            824,967.00

 Equipment:                              EUR            641,518.00

 Ac/ts receivable:                       EUR          3,215,079.00

 Liabillities:                           EUR          2,729,955.00

 Total numbers of vehicles:                                      5

 Employees:                                                     86

 - thereof permanent staff:                                     86

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 59.22

 Liquidity ratio:                   7.40

 Return on total capital [%]:      11.77

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 54.83

 Liquidity ratio:                   3.53

 Return on total capital [%]:       6.27

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 57.87

 Liquidity ratio:                   3.56

 Return on total capital [%]:       2.47

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 60.20

 Liquidity ratio:                   2.85

 Return on total capital [%]:       2.74

 

 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:      01.01.2010 - 31.12.2010

 

 ASSETS                                  EUR          7,243,382.24

  Fixed assets                           EUR            870,720.00

   Intangible assets                     EUR            134,237.00

    Other / unspecified intangible assetsEUR            134,237.00

   Tangible assets                       EUR            711,482.00

    Land / similar rights                EUR             58,812.00

    Plant / machinery                    EUR             11,152.00

    Other tangible assets / fixtures and

    fittings                             EUR            641,518.00

   Financial assets                      EUR             25,001.00

    Shares in participations /

    subsidiaries and the like            EUR             25,001.00

     Shares in related companies         EUR             25,001.00

  Current assets                         EUR          6,244,017.37

   Stocks                                EUR          1,432,755.00

   Accounts receivable                   EUR          3,215,078.71

    Other debtors and assets             EUR          3,215,078.71

   Liquid means                          EUR          1,596,183.66

  Remaining other assets                 EUR            128,644.87

   Accruals (assets)                     EUR            128,644.87

 

 LIABILITIES                             EUR          7,243,382.24

  Shareholders' equity                   EUR          3,618,594.26

   Capital                               EUR            204,516.75

    Subscribed capital (share capital)   EUR            204,516.75

   Reserves                              EUR            740,000.00

    Capital reserves                     EUR            740,000.00

   Balance sheet profit/loss (+/-)       EUR          2,674,077.51

    Profit / loss brought forward        EUR          1,849,110.41

    Annual surplus / annual deficit      EUR            824,967.10

  Provisions                             EUR            894,833.00

  Liabilities                            EUR          2,729,954.98

   Financial debts                       EUR             18,359.70

    Liabilities due to banks             EUR             18,359.70

   Other liabilities                     EUR          2,711,595.28

    Unspecified other liabilities        EUR          2,711,595.28

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR          9,848,543.87

  Staff expenses                         EUR          2,441,427.55

   Wages and salaries                    EUR          2,048,174.56

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            393,252.99

  Total depreciation                     EUR            352,226.05

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            352,226.05

  Other operating expenses               EUR          5,824,556.50

  Operating result from continuing

  operations                             EUR          1,230,333.77

  Interest result (+/-)                  EUR            -76,287.95

   Interest and similar income           EUR             12,567.41

   Interest and similar expenses         EUR             88,855.36

  Financial result (+/-)                 EUR            -76,287.95

  Result from ordinary operations (+/-)  EUR          1,154,045.82

  Extraordinary expenses                 EUR             18,872.00

  Extraordinary result (+/-)             EUR            -18,872.00

  Income tax / refund of income tax (+/-)EUR           -306,591.72

  Other taxes / refund of taxes          EUR             -3,615.00

  Tax (+/-)                              EUR           -310,206.72

  Annual surplus / annual deficit        EUR            824,967.10

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR          6,461,552.04

  Fixed assets                           EUR            769,505.00

   Intangible assets                     EUR            214,882.00

    Other / unspecified intangible assetsEUR            214,882.00

   Tangible assets                       EUR            529,622.00

    Land / similar rights                EUR             56,836.00

    Plant / machinery                    EUR             13,636.00

    Other tangible assets / fixtures and

    fittings                             EUR            459,150.00

   Financial assets                      EUR             25,001.00

    Shares in participations /

    subsidiaries and the like            EUR             25,001.00

     Shares in related companies         EUR             25,001.00

  Current assets                         EUR          5,674,973.04

   Stocks                                EUR          1,409,665.00

   Accounts receivable                   EUR          3,001,353.51

    Other debtors and assets             EUR          3,001,353.51

   Liquid means                          EUR          1,263,954.53

  Remaining other assets                 EUR             17,074.00

   Accruals (assets)                     EUR             17,074.00

 

 LIABILITIES                             EUR          6,461,552.04

  Shareholders' equity                   EUR          2,793,627.16

   Capital                               EUR            204,516.75

    Subscribed capital (share capital)   EUR            204,516.75

   Reserves                              EUR            740,000.00

    Capital reserves                     EUR            740,000.00

   Balance sheet profit/loss (+/-)       EUR          1,849,110.41

    Balance sheet profit / loss          EUR          1,849,110.41

  Provisions                             EUR            755,152.00

  Liabilities                            EUR          2,912,772.88

   Financial debts                       EUR             76,202.43

    Liabilities due to banks             EUR             76,202.43

   Other liabilities                     EUR          2,836,570.45

    Unspecified other liabilities        EUR          2,836,570.45

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR          8,074,720.96

  Staff expenses                         EUR          2,065,166.36

   Wages and salaries                    EUR          1,767,584.81

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            297,581.55

  Total depreciation                     EUR            267,404.06

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            267,404.06

  Other operating expenses               EUR          5,100,495.42

  Operating result from continuing

  operations                             EUR            641,655.12

  Interest result (+/-)                  EUR            -91,374.82

   Interest and similar income           EUR              9,293.16

   Interest and similar expenses         EUR            100,667.98

  Financial result (+/-)                 EUR            -91,374.82

  Result from ordinary operations (+/-)  EUR            550,280.30

  Income tax / refund of income tax (+/-)EUR           -149,030.64

  Other taxes / refund of taxes          EUR             -3,261.08

  Tax (+/-)                              EUR           -152,291.72

  Annual surplus / annual deficit      EUR            397,988.58

MIRA INFORM REPORT

 

Report Date :

16.06.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

CODELLO LIFESTYLE-ACCESSOIRES GMBH

 

 

Registered Office :

Bahnhofstr. 8c, D 82229 Seefeld

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

14.12.1979

 

 

Com. Reg. No.:

HRB 61467

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of other Wearing Apparel and Accessories.

 

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, 2010

 

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

 

Codello Lifestyle-Accessoires GmbH

 

 

Main address  

 

Bahnhofstr. 8c

D 82229 Seefeld

Telephone:08152/9903-0

Telefax:  08152/9903-10

Homepage: www.codello.de

E-mail:   info@codello.de

 

 

VAT no           

 

DE128219410

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

 LEGAL FORM              Private limited company

 Date of foundation         : 14.12.1979

 Shareholders'

 Agreement                   : 14.12.1979

 Registered on               :  07.02.1980

 Commercial Register     : Local court 80797 München

 Under                           : HRB 61467

 

 Share capital                :EUR 204,516.75

 

 

Shareholder

 

Heinrich Schnabl

Brunnenweg 3

OT Hechendorf

D 82229 Seefeld

born: 01.10.1943

Share:             EUR            204,516.75

 

Manager

 

Heinrich Schnabl

Brunnenweg 3

OT Hechendorf

D 82229 Seefeld

having sole power of representation

born: 01.10.1943

Profession: Businessman

Marital status: married

 

Manager:

Michael Schnabl

D 82229 Seefeld

having sole power of representation

born: 01.04.1976

 

Manager:

Miriam Schnabl

D 82229 Seefeld

having sole power of representation

born: 22.07.1981

 

 

Further functions/participations of Heinrich Schnabl (Manager)

 

Manager:

 

Codello Retail GmbH

Brunnenweg 3

D 82229 Seefeld

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered

on:         23.02.2006

Reg. data:  80797 München, HRB 161184

 

 

Further functions/participations of Michael Schnabl (Manager)

 

Manager:

 

Codello Retail GmbH

Brunnenweg 3

D 82229 Seefeld

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered

on:         23.02.2006

Reg. data:  80797 München, HRB 161184

 

 

BUSINESS ACTIVITIES

 

 Sectors

 14190   Manufacture of other wearing apparel and accessories

 n.e.c.

 

 

PARTICIPATIONS

 

Shareholder:

Codello Retail GmbH

Brunnenweg 3

D 82229 Seefeld

Legal form: Private limited company

Company Status: active

Share capital:     EUR             25,000.00

Share:             EUR             25,000.00

Reg. data:  23.02.2006

Local court 80797 München

HRB 161184

 

 

FINANCIAL INFORMATION

 

 Payment experience:  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                       Bahnhofstr. 8c

                                    D 82229 Seefeld

 

 Real Estate of               : Heinrich Schnabl

 Type of ownership         : proprietor

 Share                           : 100.00 %

 Address                       Brunnenweg 3 OT Hechendorf

                                    D 82229 Seefeld

 Type of real estate        : residential and business location

 Value at selling price     : EUR  1,023,000.00

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal bank

 COMMERZBANK, MÜNCHEN

 Sort. code: 70040041, BIC: COBADEFF700

 

 

FINANCIAL FIGURES

 

 Turnover:                      2009               EUR         15,697,539.00

 Profit:                           2009               EUR            397,989.00

 Total numbers of vehicles:                                      5

 Employees:                                                         49

 - thereof permanent staff:                                       49

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 54.83

 Liquidity ratio:                   3.53

 Return on total capital [%]:       6.27

 Balance sheet grade:                1.7

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 57.87

 Liquidity ratio:                   3.56

 Return on total capital [%]:       2.47

 Balance sheet grade:                1.7

 

 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          6,461,552.04

  Fixed assets                           EUR            769,505.00

   Intangible assets                     EUR            214,882.00

    Other / unspecified intangible assetsEUR            214,882.00

   Tangible assets                       EUR            529,622.00

    Land / similar rights                EUR             56,836.00

    Plant / machinery                    EUR             13,636.00

    Other tangible assets / fixtures and

    fittings                             EUR            459,150.00

   Financial assets                      EUR             25,001.00

    Shares in participations /

    subsidiaries and the like            EUR             25,001.00

     Shares in related companies         EUR             25,001.00

  Current assets                         EUR          5,674,973.04

   Stocks                                EUR          1,409,665.00

   Accounts receivable                   EUR          3,001,353.51

    Other debtors and assets             EUR          3,001,353.51

   Liquid means                          EUR          1,263,954.53

  Remaining other assets                 EUR             17,074.00

   Accruals (assets)                     EUR             17,074.00

 

 LIABILITIES                             EUR          6,461,552.04

  Shareholders' equity                   EUR          2,793,627.16

   Capital                               EUR            204,516.75

    Subscribed capital (share capital)   EUR            204,516.75

   Reserves                              EUR            740,000.00

    Capital reserves                     EUR            740,000.00

   Balance sheet profit/loss (+/-)       EUR          1,849,110.41

    Balance sheet profit / loss          EUR          1,849,110.41

  Provisions                             EUR            755,152.00

  Liabilities                            EUR          2,912,772.88

   Financial debts                       EUR             76,202.43

    Liabilities due to banks             EUR             76,202.43

   Other liabilities                     EUR          2,836,570.45

    Unspecified other liabilities        EUR          2,836,570.45

 

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

 Code (HGB)

  Gross result (+/-)                     EUR          8,074,720.96

  Staff expenses                         EUR          2,065,166.36

   Wages and salaries                    EUR          1,767,584.81

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            297,581.55

  Total depreciation                     EUR            267,404.06

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            267,404.06

  Other operating expenses               EUR          5,100,495.42

  Operating result from continuing

  operations                             EUR            641,655.12

  Interest result (+/-)                  EUR            -91,374.82

   Interest and similar income           EUR              9,293.16

   Interest and similar expenses         EUR            100,667.98

  Financial result (+/-)                 EUR            -91,374.82

  Result from ordinary operations (+/-)  EUR            550,280.30

  Income tax / refund of income tax (+/-)EUR           -149,030.64

  Other taxes / refund of taxes          EUR             -3,261.08

  Tax (+/-)                              EUR           -152,291.72

  Annual surplus / annual deficit        EUR            397,988.58

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2008 - 31.12.2008

 

 ASSETS                                  EUR          5,691,445.15

  Fixed assets                           EUR            576,597.00

   Intangible assets                     EUR                843.00

    Other / unspecified intangible assetsEUR                843.00

   Tangible assets                       EUR            550,754.00

    Land / similar rights                EUR             54,070.00

    Plant / machinery                    EUR             16,120.00

    Other tangible assets / fixtures and

    fittings                             EUR            480,564.00

   Financial assets                      EUR             25,000.00

    Shares in participations /

    subsidiaries and the like            EUR             25,000.00

     Shares in related companies         EUR             25,000.00

  Current assets                         EUR          5,114,848.15

   Stocks                                EUR          1,336,494.00

   Accounts receivable                   EUR          2,617,153.82

    Other debtors and assets             EUR          2,617,153.82

   Liquid means                          EUR          1,161,200.33

 

 LIABILITIES                             EUR          5,691,445.15

  Shareholders' equity                   EUR          2,395,638.58

   Capital                               EUR            204,516.75

    Subscribed capital (share capital)   EUR            204,516.75

   Reserves                              EUR            740,000.00

    Capital reserves                     EUR            740,000.00

   Balance sheet profit/loss (+/-)       EUR          1,451,121.83

    Balance sheet profit / loss          EUR          1,451,121.83

  Provisions                             EUR            501,501.00

  Liabilities                            EUR          2,794,305.57

   Financial debts                       EUR            175,000.00

    Liabilities due to banks             EUR            175,000.00

   Other liabilities                     EUR          2,619,305.57

    Unspecified other liabilities        EUR          2,619,305.57

 

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

 Code (HGB)

  Gross result (+/-)                     EUR          6,763,794.70

  Staff expenses                         EUR          1,765,447.64

   Wages and salaries                    EUR          1,483,414.45

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            282,033.19

  Total depreciation                     EUR            146,464.72

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            146,464.72

  Other operating expenses               EUR          4,598,135.47

  Operating result from continuing

  operations                             EUR            253,746.87

  Interest result (+/-)                  EUR            -53,826.99

   Interest and similar income           EUR             35,538.52

   Interest and similar expenses         EUR             89,365.51

  Financial result (+/-)                 EUR            -53,826.99

  Result from ordinary operations (+/-)  EUR            199,919.88

  Income tax / refund of income tax (+/-)EUR            -57,814.89

  Other taxes / refund of taxes          EUR             -1,616.70

  Tax (+/-)                              EUR            -59,431.59

  Annual surplus / annual deficit        EUR            140,488.29

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.71

UK Pound

1

Rs.86.34

Euro

1

Rs.69.22

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.