MIRA INFORM REPORT

 

 

Report Date :

25.09.2012

 

 

IDENTIFICATION DETAILS

 

Name :

GE SENSING & INSPECTION TECHNOLOGIES GMBH

 

 

Registered Office :

Robert-Bosch-Str. 3, D 50354 Hürth

 

 

Country :

Germany

 

 

Date of Incorporation :

18.11.2002

 

 

Com. Reg. No.:

HRB 52252

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacturer of other electric equipment

 

 

No. of Employees :

1300 employees

 

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

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

germany - ECONOMIC OVERVIEW

 

The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and declining net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms. Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong growth in 2006 and 2007 and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II - and its decrease to 6.0% in 2011. GDP contracted 5.1% in 2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable primarily to rebounding manufacturing orders and exports - increasingly outside the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012, a reflection of the worsening euro-zone financial crisis and the financial burden it places on Germany as well as falling demand for German exports. Domestic demand is therefore becoming a more significant driver of Germany's economic expansion. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's budget deficit to 3.3% in 2010, but slower spending and higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3% limit. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela Merkel announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany hopes to replace nuclear power with renewable energy. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its energy and 46% of its base-load electrical production.

 

 

 

Source : CIA

 

Company name

 

GE Sensing & Inspection Technologies GmbH

 

 

Company address

 

Robert-Bosch-Str. 3

D 50354 Hürth

Telephone:02233/601-0

Telefax:  02233/601-402

Homepage:       www.geinspectiontechnologies.com

E-mail:              geit-info@ge.com

 

VAT no

 

DE813583302

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:       18.11.2002

Shareholders'

agreement:                    18.11.2002

Registered on:              28.01.2004

Commercial Register:    Local court 50939 Köln

under:                                       HRB 52252

Share capital:                 EUR             35,000.00

 

 

Shareholder

 

General Electric Finance Holding GmbH

Thomas-Edison-Platz 1

D 63263 Neu-Isenburg

Legal form: Private limited company

Share capital:     EUR             25,000.00

Share:             EUR             35,000.00

Registered on: 05.11.2003

Reg. data: 63065 Offenbach, HRB 40689

Control and profit transfer agreement

Manager

 

Werner van Wickeren

Uhlandstr. 3

D 65830 Kriftel

having sole power of representation

born: 28.02.1945

Profession: Businessman

 

Manager:

                     Thomas Weinberger

                     D 96194 Walsdorf

                     born: 30.09.1965

 

 

Proxy

 

Dr. Michael Schaefer

D 22926 Ahrensburg

authorized to jointly represent the company

born: 21.09.1948

Profession: Businessman

Marital status: unknown

 

Proxy:

                     Uwe Hettrich

                     D 80336 München

                     authorized to jointly represent the company

                     born: 17.02.1964

                     Profession: graduate engineer

Proxy:

                     Dr. Albrecht Maurer

                     Händelstr. 15

                     D 63500 Seligenstadt

                     authorized to jointly represent the company

                     born: 18.06.1950

                     Profession: Fully qualified physicist

                     Marital status: unknown

Proxy:

                     Corinna Consuela Mössner

                     D 75438 Knittlingen

                     authorized to jointly represent the company

                     born: 18.01.1965

                     née: Betz

Proxy:

                     Michael Strauß

                     D 63776 Mömbris

                     authorized to jointly represent the company

                     born: 22.04.1957

Proxy:

                     Angelika Weissleder

                     D 30159 Hannover

                     authorized to jointly represent the company

                     born: 31.07.1972

Proxy:

                     Frank Hirschmann

                     D 44787 Bochum

                     authorized to jointly represent the company

                     born: 12.05.1965

Proxy:

                     Frank Kies

                     D 75334 Straubenhardt

                     authorized to jointly represent the company

                     born: 08.01.1964

Proxy:

                     Frank Wallhorn

                     D 22926 Ahrensburg

                     authorized to jointly represent the company

                     born: 29.06.1969

Proxy:

                     Anja Schulte

                     D 40210 Düsseldorf

                     authorized to jointly represent the company

                     born: 29.07.1971

Proxy:

                     Dr. Frank Thomas Meyer

                     D 53332 Bornheim

                     authorized to jointly represent the company

                     born: 28.02.1970

Proxy:

                     Michael Werth

                     D 50181 Bedburg

                     authorized to jointly represent the company

                     born: 04.04.1976

Proxy:

                     Volker Kiel

                     D 31515 Wunstorf

                     authorized to jointly represent the company

                     born: 16.11.1962

Proxy:

                     Dr. Eberhard Karl Neuser

                     D 31515 Wunstorf

                     authorized to jointly represent the company

                     born: 23.12.1966

Proxy:

                     Dominique Timpe

                     D 22844 Norderstedt

                     authorized to jointly represent the company

                     born: 15.05.1963

Proxy:

                     Corinna Quick

                     D 50667 Köln

                     authorized to jointly represent the company

                     born: 02.08.1975

Proxy:

                     Edzard Leffers

                     D 25436 Tornesch

                     authorized to jointly represent the company

                     born: 25.07.1958

 

Further functions/participations of Werner van Wickeren (Manager)

 

Shareholder:

                     Whatman Germany Holdings GmbH

                     Hahnestr. 3

                     D 37586 Dassel

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Share:             EUR             25,000.00

                     Registered

                     on:         04.08.2009

                     Reg. data:  37073 Göttingen, HRB 200957

Manager:

                     General Electric Fünfundzwanzigste

                     Beteiligungs GmbH

                     Martin-Behaim-Str. 10

                     D 63263 Neu-Isenburg

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         16.10.2006

                     Reg. data:  63065 Offenbach, HRB 42514

Manager:

                     GE Transportation Systems Deutschland GmbH

                     Unter den Linden 21

                     D 10117 Berlin

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         20.07.2011

                     Reg. data:  14057 Berlin, HRB 135505 B

Manager:

                     Rock Fixtures GmbH

                     Speicherstr. 1

                     D 60327 Frankfurt

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         25.06.2007

                     Reg. data:  60313 Frankfurt, HRB 80414

Manager:

                     Cinderella Property GmbH

                     Speicherstr. 1

                     D 60327 Frankfurt

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         14.06.2007

                     Reg. data:  60313 Frankfurt, HRB 80293

Manager:

                     GE Water & Process Technologies Deutschland

                     GmbH

                     Daniel-Goldbach-Str. 19

                     D 40880 Ratingen

                     Legal form: Private limited company

                     Share capital:     EUR          1,789,521.58

                     Registered

                     on:         31.05.2010

                     Reg. data:  40213 Düsseldorf, HRB 63461

Manager:

                     GE Medical Systems Information Technologies

                     GmbH

                     Munzinger Str. 3-5

                     D 79111 Freiburg

                     Legal form: Private limited company

                     Share capital:     EUR        131,126,000.00

                     Registered

                     on:         10.11.1986

                     Reg. data:  79098 Freiburg, HRB 3093

Manager:

                     GE Healthcare GmbH

                     Beethovenstr. 239

                     D 42655 Solingen

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         14.12.2006

                     Reg. data:  42103 Wuppertal, HRB 20139

Manager:

                     General Electric Achtundzwanzigste

                     Beteiligungs GmbH

                     Martin-Behaim-Str. 10

                     D 63263 Neu-Isenburg

                     Legal form: Private limited company

                                 dissolved

                     Share capital:     EUR             60,500.00

                     Registered

                     on:         12.10.2006

                     Reg. data:  63065 Offenbach, HRB 42504

Manager:

                     GE Lighting GmbH

                     Thomas-Edison-Platz 1

                     D 63263 Neu-Isenburg

                     Legal form: Private limited company

                     Share capital:     EUR          3,067,751.29

                     Registered

                     on:         02.08.2012

                     Reg. data:  63065 Offenbach, HRB 46417

Manager:

                     General Electric Financing (Germany) GmbH

                     Martin-Behaim-Str. 10

                     D 63263 Neu-Isenburg

                     Legal form: Private limited company

                     Share capital:     EUR             25,564.59

                     Registered

                     on:         08.02.2000

                     Reg. data:  60313 Frankfurt, HRB 11341

Manager:

                     Image Diagnost International GmbH

                     Oskar-Schlemmer-Str. 11

                     D 80807 München

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         27.10.2005

                     Reg. data:  80797 München, HRB 159364

Manager:

                     GE Real Estate Germany HPE Hausbau GmbH

                     Thomas-Edison-Platz 1

                     D 63263 Neu-Isenburg

                     Legal form: Private limited company

                     Share capital:     EUR             95,950.00

                     Registered

                     on:         26.04.2006

                     Reg. data:  63065 Offenbach, HRB 42251

Manager:

                     Mira 96 Vermögensverwaltungs GmbH

                     Prinzregentenplatz 10

                     D 81675 München

                     Legal form: Private limited company

                     Share capital:     EUR             25,564.59

                     Registered

                     on:         11.06.1996

                     Reg. data:  80797 München, HRB 113117

Manager:

                     General Electric Deutschland Holding GmbH

                     Thomas-Edison-Platz 1

                     D 63263 Neu-Isenburg

                     Legal form: Private limited company

                     Share capital:     EUR         28,159,550.00

                     Registered

                     on:         31.08.1998

                     Reg. data:  63065 Offenbach, HRB 10773

Manager:

                     GE Betz GmbH

                     Siemensring 44

                     D 47877 Willich

                     Legal form: Private limited company

                                 dissolved

                     Share capital:     EUR             25,564.59

                     Registered

                     on:         23.01.2003

                     Reg. data:  47798 Krefeld, HRB 7901

Manager:

                     GE OEC Medical Systems GmbH

                     Wilhelm-Maisel-Str. 14

                     D 90530 Wendelstein

                     Legal form: Private limited company

                     Share capital:     EUR             25,564.59

                     Registered

                     on:         26.10.2005

                     Reg. data:  90402 Nürnberg, HRB 22153

Manager:

                     GE Industrial Systems GmbH

                     Marzahner Str. 34

                     D 13053 Berlin

                     Legal form: Private limited company

                     Share capital:     EUR             25,564.59

                     Registered

                     on:         23.02.1998

                     Reg. data:  14057 Berlin, HRB 65850

Manager:

                     GE Capital Finance Services GmbH

                     Thomas-Edison-Platz 1

                     D 63263 Neu-Isenburg

                     Legal form: Private limited company

                     Share capital:     EUR             25,564.59

                     Registered

                     on:         19.09.2007

                     Reg. data:  63065 Offenbach, HRB 43023

Manager:

                     GE Capital Real Estate Germany GmbH

                     Speicherstr. 1

                     D 60327 Frankfurt

                     Legal form: Private limited company

                     Share capital:     EUR             26,000.00

                     Registered

                     on:         25.06.2007

                     Reg. data:  60313 Frankfurt, HRB 80415

Manager:

                     Sensoplan GmbH

                     Gewerbestr. 6

                     D 79801 Hohentengen

                     Legal form: Private limited company

                     Share capital:     EUR            200,000.00

                     Registered

                     on:         31.01.2011

                     Reg. data:  79098 Freiburg, HRB 706403

Manager:

                     GE Wind Energy GmbH

                     Holsterfeld 16

                     D 48499 Salzbergen

                     Legal form: Private limited company

                     Share capital:     EUR            250,000.00

                     Registered

                     on:         11.09.2003

                     Reg. data:  49074 Osnabrück, HRB 100931

Manager:

                     Unterstützungskasse der deutschen General

                     Electric Gesellschaften GmbH

                     Martin-Behaim-Str. 10

                     D 63263 Neu-Isenburg

                     Legal form: Private limited company

                     Share capital:     EUR             25,564.59

                     Registered

                     on:         09.08.1999

                     Reg. data:  63065 Offenbach, HRB 11128

Manager:

                     ZENON Holding GmbH

                     Daniel-Goldbach-Str. 19

                     D 40880 Ratingen

                     Legal form: Private limited company

                     Share capital:     EUR          6,895,000.00

                     Registered

                     on:         22.10.2010

                     Reg. data:  40213 Düsseldorf, HRB 64356

Manager:

                     GE Capital Real Estate Beteiligungs-GmbH

                     Speicherstr. 1

                     D 60327 Frankfurt

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         18.06.2007

                     Reg. data:  60313 Frankfurt, HRB 80333

Manager:

                     GE Capital Verwaltungsgesellschaft mit

                     beschränkter Haftung

                     Martin-Behaim-Str. 10

                     D 63263 Neu-Isenburg

                     Legal form: Private limited company

                     Share capital:     EUR             75,000.00

                     Registered

                     on:         15.11.2001

                     Reg. data:  63065 Offenbach, HRB 12121

Manager:

                     General Electric Finance Holding GmbH

                     Thomas-Edison-Platz 1

                     D 63263 Neu-Isenburg

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         05.11.2003

                     Reg. data:  63065 Offenbach, HRB 40689

Manager:

                     The Radiochemical Centre GmbH

                     Gieselweg 1

                     D 38110 Braunschweig

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         02.02.2005

                     Reg. data:  38100 Braunschweig, HRB 9879

Manager:

                     GE Business Services GmbH

                     Thomas-Edison-Platz 1

                     D 63263 Neu-Isenburg

                     Legal form: Private limited company

                     Share capital:     EUR             25,100.00

                     Registered

                     on:         04.11.2003

                     Reg. data:  63065 Offenbach, HRB 40684

Manager:

                     GE Energy Germany GmbH

                     Daniel-Goldbach-Str. 17-19

                     D 40880 Ratingen

                     Legal form: Private limited company

                     Share capital:     EUR            240,200.00

                     Registered

                     on:         11.04.2003

                     Reg. data:  40213 Düsseldorf, HRB 47827

Manager:

                     Jenbacher GmbH

                     Carl-Benz-Str. 25

                     D 67227 Frankenthal

                     Legal form: Private limited company

                     Share capital:     EUR            511,291.88

                     Registered

                     on:         23.08.2010

                     Reg. data:  67061 Ludwigshafen, HRB 62175

Manager:

                     Whatman Germany Holdings GmbH

                     Hahnestr. 3

                     D 37586 Dassel

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         04.08.2009

                     Reg. data:  37073 Göttingen, HRB 200957

Manager:

                     GE Rail Services GmbH

                     Bredowstr. 20

                     D 22113 Hamburg

                     Legal form: Private limited company

                     Share capital:     EUR             50,000.00

                     Registered

                     on:         14.04.2008

                     Reg. data:  20355 Hamburg, HRB 104930

Manager:

                     GE Real Estate Property GmbH

                     Speicherstr. 1

                     D 60327 Frankfurt

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         06.08.2007

                     Reg. data:  60313 Frankfurt, HRB 80820

Manager:

                     GE Aviation Deutschland GmbH

                     Junkersstr. 10

                     D 93055 Regensburg

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         29.07.2008

                     Reg. data:  93049 Regensburg, HRB 11072

Manager:

                     GECAS Asset Management Services GmbH

                     Martin-Behaim-Str. 10

                     D 63263 Neu-Isenburg

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         10.02.2008

                     Reg. data:  63065 Offenbach, HRB 43261

Manager:

                     InVision Technologies Verwaltungs GmbH

                     Heselstücken 3

                     D 22453 Hamburg

                     Legal form: Private limited company

                                 dissolved

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         07.05.2003

                     Reg. data:  20355 Hamburg, HRB 87155

Manager:

                     GE Medical Systems Deutschland

                     Beteiligungsgesellschaft mbH

                     Beethovenstr. 239

                     D 42655 Solingen

                     Legal form: Private limited company

                     Share capital:     EUR             26,000.00

                     Registered

                     on:         14.05.2004

                     Reg. data:  42103 Wuppertal, HRB 16955

 

Further functions/participations of Thomas Weinberger (Manager)

 

General partner:

                     Weinberger Vermögensverwaltungs-KG

                     Blumenstr. 8

                     D 96194 Walsdorf

                     Legal form: Limited partnership

                     Total cap.         EUR              1,000.00

                     contribution:

                     Registered

                     on:         25.04.2007

                     Reg. data:  96047 Bamberg, HRA 10803

 

 

COMPANY HISTORY

 

16.01.2003 - 15.07.2003  General Electric Fünfzehnte Beteiligungs

                         GmbH

                         Martin-Behaim-Str. 10

                         D 63263 Neu-Isenburg

                         Private limited company

15.07.2003 - 28.01.2004  GE Inspection Technologies GmbH

                         Martin-Behaim-Str. 10

                         D 63263 Neu-Isenburg

                         Private limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

19.01.2005 - 04.12.2009  Manager

                         Bernhard Karbach

                         D 50374 Erftstadt

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

28990   Manufacture of other special-purpose machinery n.e.c.

 

Secondary industrial sector

·         2790    Manufacture of other electric equipment n.e.c.

·         46693   Wholesale of other equipment and accessories for machinery and technical supplies

 

BRANCHES AND FACTORIES

 

Branch:

                     GE Sensing & Inspection Technologies GmbH

                     Zweigniederlassung Ahrensburg

                     Bogenstr. 41

                     D 22926 Ahrensburg

                     TEL.: 04102/807117

                     FAX.: 04102/807277

                     Reg. entry: 17.11.2011

Branch:

                     GE Sensing & Inspection Technologies GmbH

                     Niels-Bohr-Str. 7

                     D 31515 Wunstorf

                     TEL.: 05031/172-0

Branch:

                     GE Sensing & Inspection Technologies GmbH

                     Zweigniederlassung Alzenau

                     Industriegebiet Süd E 11

                     D 63755 Alzenau

                     Reg. entry: 28.06.2011

Branch:

                     GE Sensing & Inspection Technologies GmbH

                     Rudolf-Diesel-Str. 5

                     D 85235 Odelzhausen

 

 

FINANCIAL INFORMATION

 

Payment experience:     within periods customary in this trade

Negative information:    We have no negative information at hand.

 

 

REAL ESTATE

 

Type of ownership:   proprietor

Share:                100.00 %

Address              Robert-Bosch-Str. 3

                        D 50354 Hürth

 

Type of real estate: residential and business location

 

Size:                                                     30,000.00 sq.m

Value at selling price:                 EUR         10,000,000.00

 

Land register documents were not available.

 

 

BANKERS

 

COMMERZBANK VORMALS DRESDNER BANK, KÖLN

Sort. code: 37080040, BIC: DRESDEFF370

 

DEUTSCHE BANK, KÖLN

Sort. code: 37070060, BIC: DEUTDEDKXXX

 

KREISSPARKASSE KÖLN, HÜRTH, RHEINL

Sort. code: 37050299, BIC: COKSDE33XXX

 

UNICREDIT BANK - HYPOVEREINSBANK, KÖLN

Sort. code: 37020090, BIC: HYVEDEMM429

 

 

FINANCIAL FIGURES

 

Financial year:      01.01. - 31.12.

Turnover:            2010               EUR        200,000,000.00

                     2011               EUR        175,500,000.00

further business figures:

Share capital:                          EUR             35,000.00

Equipment:                              EUR          9,533,500.00

Ac/ts receivable:                       EUR          9,966,500.00

Liabilities:                            EUR          9,533,500.00

Real estate of the firm:                EUR         10,000,000.00

Employees:                                                  1,300

 

Control and profit transfer agreement to:

General Electric Finance Holding GmbH

Thomas-Edison-Platz 1

D 63263 Neu-Isenburg

 

The aforementioned business figures may partly be estimated information based on average values in the line of business.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.29

UK Pound

1

Rs.86.44

Euro

1

Rs.68.95

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.