MIRA INFORM REPORT

Report Date :

23.05.2013

IDENTIFICATION DETAILS

Name :	FORMULA ONE WORLD CHAMPIONSHIP LIMITED
Formerly Known as:	MODELULTRA LIMITED
Registered Office :	6 Princes Gate, London, Sw7 1qj
Country :	United Kingdom
Financials (as on) :	31.12.2011
Date of Incorporation :	07.03.2001
Com. Reg. No.:	04174493
Legal Form :	Private limited with Share Capital
Line of Business :	Organisation, management and administration of motorsport.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

A

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Good
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 31^st 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
United Kingdom	A1	A1

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

United Kingdom ECONOMIC OVERVIEW

The UK, a leading trading power and financial center, is the second largest economy in Europe after Germany. Over the past two decades, the government has greatly reduced public ownership and contained the growth of social welfare programs. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Sharply declining home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these include nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aimed to lower London's budget deficit from over 10% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 because of slower-than-expected economic growth and the impact of the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 21% by 2014. The Bank of England (BoE) implemented an asset purchase program of up to £375 billion (approximately $605 billion) as of December 2012. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU). In 2012, weak consumer spending and subdued business investment weighed on the economy. GDP fell 0.1%, and the budget deficit remained stubbornly high at 7.7% of GDP. Public debt continued to increase.

Source : CIA

Company Name

FORMULA ONE WORLD CHAMPIONSHIP LIMITED

Registered Address

6 PRINCES GATE

LONDON

SW7 1QJ

company summary

Company Name	FORMULA ONE WORLD CHAMPIONSHIP LIMITED	Company Number	04174493
Registered Address	6 PRINCES GATE	Trading Address	FORMULA ONE WORLD CHAMPIONSHIP L 6 Princes Gate London SW7 1QJ
	LONDON
	SW7 1QJ
Website Address	-
Telephone Number	02075846668	Fax Number
TPS	Yes	FPS	No
Incorporation Date	07/03/2001	Company Status	Active - Accounts Filed
Previous Name	MODELULTRA LIMITED	Type	Private limited with Share Capital
Date of Change	23/04/2001	Filing Date of Accounts	24/07/2012
		Share Capital	£1
SIC03	9220	Currency	GBP
SIC03 Description	Radio and television activities
SIC07	60200
SIC07 Description	TELEVISION PROGRAMMING AND BROADCASTING ACTIVITIES
Principal Activity	Organisation, management and administration of motorsport. Accounts data converted from US Dollar.

Commentary

No exact match CCJs are recorded against the company.
The credit limit on this company has risen 999.9% in comparison to the previously suggested credit limit.
Sales in the latest trading period increased 999.9% on the previous trading period.
Net Worth increased by 642.7% during the latest trading period.
A 14.1% growth in Total Assets occurred during the latest trading period.
Pre-tax profits increased by 999.9% compared to the previous trading period.
The company saw an increase in their Cash Balance of 69.4% during the latest trading period.
The audit report contains no adverse comments.
No recent changes in directorship are recorded.
The company is part of a group.
The company was established over 12 years ago.

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
31/12/2011	£776,950,858	£208,565,716	£128,477,364	-
31/12/2010	£6,888,301	-£12,927,899	-£19,505,998	-
31/12/2009	-	-£11,715,122	-£9,844,363	-

Payment Information Summary

Days Beyond Terms

Trend Indicator

                         Average Payment Experience  

N/A	11
Company DBT	UK Average DBT

Steady

ImprovingWorsening

Be the first to leave a payment experience
for this company
Within Terms91+ Days

CCJ

Total Number of Exact CCJs -	0	Total Value of Exact CCJs -
Total Number of Possible CCJs -	0	Total Value of Possible CCJs -
Total Number of Satisfied CCJs -	0	Total Value of Satisfied CCJs -
Total Number of Writs -	-

Exact CCJ Details

There are no exact CCJ details

Possible CCJ Details

There are no possible CCJ details

Writ Details

There are no writ details

Mortgage Summary

Outstanding	4
Satisfied	1
Total Current Directors		6
Total Current Secretaries		1
Total Previous Directors / Company Secretaries		16

Current Directors

Name	Bernard Charles Ecclestone	Date of Birth	28/10/1930
Officers Title	Mr	Nationality	British
Present Appointments	35	Function	Director
Appointment Date	23/04/2001
Address	6 Princes Gate, London, SW7 1QJ

Name	Sacha Jane Woodward Hill	Date of Birth	26/01/1969
Officers Title	Ms	Nationality	British
Present Appointments	22	Function	Director
Appointment Date	24/03/2006
Address	6 Princes Gate, London, SW7 1QJ

Name	Nicholas James Clarry	Date of Birth	09/03/1972
Officers Title	Mr	Nationality	British
Present Appointments	18	Function	Director
Appointment Date	24/03/2006
Address	111 Strand, London, WC2R 0AG

Name	Timothy Huish Gallico	Date of Birth	12/12/1978
Officers Title	Mr	Nationality	British
Present Appointments	11	Function	Director
Appointment Date	22/01/2010
Address	111 The Strand, London, WC2R 0AG

Name	Duncan Francis Llowarch	Date of Birth	25/04/1968
Officers Title	Mr	Nationality	British
Present Appointments	33	Function	Director
Appointment Date	22/01/2010
Address	6 Princes Gate, London, SW7 1QJ

Name	Frederique Flournoy	Date of Birth	19/10/1967
Officers Title	Ms	Nationality	Swiss
Present Appointments	5	Function	Director
Appointment Date	02/09/2011
Address	6 Rue Francois Bellot, 1206 Geneva, Switzerland

Current Company Secretary

Name	Duncan Francis Llowarch	Date of Birth	25/04/1968
Officers Title	Mr	Nationality	British
Present Appointments	33	Function	Company Secretary
Appointment Date	27/04/2006
Address	6 Princes Gate, London, SW7 1QJ

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
SLEC HOLDINGS LTD	GBP	1	ORDINARY	1	100

Profit & Loss

Date Of Accounts	31/12/11	31/12/10	31/12/09	31/12/08	31/12/07
Weeks	52	52	52	52	52
Currency	GBP	GBP	GBP	GBP	GBP
Consolidated A/cs	N	N	N	N	N
Turnover	£776,950,858	£6,888,301	-	-	-
Export	-	-	-	-	-
Cost of Sales	£470,840,965	£7,413,904	-	-	-
Gross Profit	£306,109,893	-£525,603	-	-	-
Wages & Salaries	-	-	-	-	-
Directors Emoluments	-	-	-	-	-
Operating Profit	£221,732,878	-£860,312	-	-	-
Depreciation	-	-	-	-	-
Audit Fees	-	-	-	-	-
Interest Payments	£14,787,824	£12,266,220	£11,715,122	£2,058,650	-
Pre Tax Profit	£208,565,716	-£12,927,899	-£11,715,122	-£2,058,650	-
Taxation	-£60,582,355	£3,619,889	£3,280,209	£576,684	-
Profit After Tax	£147,983,361	-£9,308,010	-£8,434,913	-£1,481,966	-
Dividends Payable	-	-	-	-	-
Retained Profit	£147,983,361	-£9,308,010	-£8,434,913	-£1,481,966	-

Balance Sheet

Date Of Accounts	31/12/11	31/12/10	31/12/09	31/12/08	31/12/07
Tangible Assets	£218,083,323	£220,154,134	0	0	0
Intangible Assets	£3,289,049	£3,563,137	£199,861,172	£210,144,007	0
Total Fixed Assets	£221,372,372	£223,717,271	£199,861,172	£210,144,007	0
Stock	0	0	0	0	0
Trade Debtors	£104,097,124	£151,540,694	0	0	0
Cash	£323,023,991	£190,647,491	0	0	0
Other Debtors	£24,402,812	£23,770,798	£3,422,773	£576,684	0
Miscellaneous Current Assets	0	0	0	0	0
Total Current Assets	£451,523,926	£365,958,984	£3,422,773	£576,684	0
Trade Creditors	0	£3,730,814	0	0	0
Bank Loans & Overdrafts	0	0	0	0	0
Other Short Term Finance	£253,127,821	£353,365,149	£213,128,307	£212,202,658	0
Miscellaneous Current Liabilities	£291,291,113	£252,086,289	0	0	0
Total Current Liabilities	£544,418,935	£609,182,252	£213,128,307	£212,202,658	0
Bank Loans & Overdrafts and LTL	0	0	0	0	0
Other Long Term Finance	0	0	0	0	0
Total Long Term Liabilities	0	0	0	0	0

Capital & Reserves

Date Of Accounts	31/12/11	31/12/10	31/12/09	31/12/08	31/12/07
Called Up Share Capital	-	-	-	-	-
P & L Account Reserve	£128,477,364	-£19,505,998	-£9,844,363	-£1,481,966	-
Revaluation Reserve	-	-	-	-	-
Sundry Reserves	-	-	-	-	-
Shareholder Funds	£128,477,364	-£19,505,998	-£9,844,363	-£1,481,966	-

Other Financial Items

Date Of Accounts	31/12/11	31/12/10	31/12/09	31/12/08	31/12/07
Net Worth	£125,188,314	-£23,069,135	-£209,705,534	-£211,625,974	-
Working Capital	-£92,895,008	-£243,223,268	-£209,705,534	-£211,625,974	-
Total Assets	£672,896,298	£589,676,254	£203,283,944	£210,720,691	-
Total Liabilities	£544,418,935	£609,182,252	£213,128,307	£212,202,658	-
Net Assets	£128,477,364	-£19,505,998	-£9,844,363	-£1,481,966	-

Miscellaneous

Date Of Accounts	31/12/11	31/12/10	31/12/09	31/12/08	31/12/07
	Contingent Liability	YES	YES	YES	NO	NO
Capital Employed	£128,477,364	-£19,505,998	-£9,844,363	-£1,481,966	-
Number of Employees	-	-	-	-	-
Auditors	ERNST & YOUNG LLP
Auditor Comments	The audit report contains no adverse comments
Bankers
Bank Branch Code

Ratios

Date Of Accounts	31/12/11	31/12/10	31/12/09	31/12/08	31/12/07
Pre-tax profit margin %	26.84	-187.68	-	-	-
Current ratio	0.83	0.60	0.02	-	-
Sales/Net Working Capital	-8.36	-0.03	-	-	-
Gearing %	0	0	0	0	0
Equity in %	19.20	-3.30	-287.60	-257	-
Creditor Days	-	197.14	-	-	-
Debtor Days	48.76	8007.89	-	-	-
Liquidity/Acid Test	0.82	0.60	0.01	-	-
Return On Capital Employed %	162.33	66.27	119	138.91	-
Return On Total Assets Employed %	30.99	-2.19	-5.76	-0.97	-
Current Debt Ratio	4.23	-31.23	-21.64	-143.18	-
Total Debt Ratio	4.23	-31.23	-21.64	-143.18	-
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	162.33	66.27	119	138.91	-

Status History

No Status History found

Event History

Date	Description
15/03/2013	Annual Returns
31/07/2012	New Accounts Filed
31/07/2012	New Accounts Filed
06/04/2012	Annual Returns
16/09/2011	New Board Member Ms F. Flournoy appointed
09/09/2011	Mr S.J. Mullens has left the board
09/09/2011	New Board Member Ms F. Flournoy appointed
08/04/2011	New Accounts Filed
08/04/2011	New Accounts Filed
26/03/2011	Annual Returns
31/05/2010	New Accounts Filed
31/05/2010	New Accounts Filed
12/03/2010	Annual Returns
28/01/2010	New Board Member Mr D.F. Llowarch appointed
28/01/2010	New Board Member Mr T.H. Gallico appointed

Previous Company Names

Date	Previous Name	Companies House Documents
23/04/2001	MODELULTRA LIMITED	View Document

Statistics

Group	12 companies
Linkages	1 companies
Countries	In 1 countries

Summary

Holding Company	-
Ownership Status	Wholly Owned
Ultimate Holding Company	DELTA TOPCO LTD

Group structure

COMPANY NAME	REGISTERED NUMBER	LATEST KEY FINANCIALS	CONSOL. ACCOUNTS	TURNOVER
DELTA TOPCO LTD	N/A	-	-
DELTA 2 (LUX) SÀRL	B122129	31.12.2011	Y	€1,627,202,733
BETA D3 LIMITED	05821941	31.12.2011	N
DELTA 3 (UK) LIMITED	05988544	31.12.2011	N
ALPHA D2 LIMITED	05613175	31.12.2011	N
ALPHA PREMA UK LI...	05613176	31.12.2011	N
PETARA LTD	N/A	-	-
SLEC HOLDINGS LTD	N/A	-	-
FORMULA ONE ASSET MA...	04169896	31.12.2011	N
FORMULA ONE ADMINI...	03737094	31.12.2011	N
FORMULA ONE WORLD CH...	04174493	31.12.2011	N	£776,950,858
FORMULA ONE MANAGE...	01545332	31.12.2011	N	£87,051,720

Statistics

Group	12 companies
Linkages	1 companies
Countries	In 1 countries

Other Linked companies

NAME	NUMBER	LATEST KEY FINANCIALS	TURNOVER
FORMULA ONE LICENSING B.V.	24198235	31.12.2011

Exact CCJ Details

No CCJs found

Possible CCJs Details

There are no possible CCJ details

Writ Details

No writs found

Mortgage Details

Mortgage Type:	DEBENTURE
Date Charge Created:	27/04/12
Date Charge Registered:	12/05/12
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	THE ROYAL BANK OF SCOTLAND PLC AS SECURITY TRUSTEE FOR ITSELF AND THE OTHER SECURED PARTIES (TH
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM ANY CHARGING COMPANY, A3 CHARGING COMPANY OR ANY OTHER OBLIGORTO ANY SECURED PARTY ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	ALL THE SUBSIDIARY SHARES AND INVESTMENTS AND ALL CORRESPONDING DISTRIBUTION RIGHTS ALL BOOK DEBTS ALL MONIES STANDING TO THE CREDIT OF ITS ACCOUNTS FIRST FLOATING CHARGE ALL ITS ASSETS SEE IMAGE FORFULL DETAILS

Mortgage Type:	RESTATEMENT AGREEMENT
Date Charge Created:	06/07/07
Date Charge Registered:	21/07/07
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	THE ROYAL BANK OF SCOTLAND PLC AS SECURITY TRUSTEE FOR ITSELF AND THE OTHER SECURED PARTIES(THE
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM ANY CHARGING COMPANY A3 CHARGING COMPANY OR ANY OTHER OBLIGOR TO ANY SECURED PARTYON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	SHARES IN SUBSIDIARIES INVESTMENTS BOOKDEBTS INTRA BOOK DEBTS AND A FLOATING CHARGE OVER ALL ITS ASSETS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	RESTATEMENT AGREEMENT
Date Charge Created:	12/01/07
Date Charge Registered:	24/01/07
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	THE ROYAL BANK OF SCOTLAND PLC AS SECURITY TRUSTEE FOR ITSELF AND THE OTHER SECURED PARTIES(THE
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM ANY CHARGING COMPANY, A3 CHARGING COMPANY OR ANY OTHER OBLIGORON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	SHARES IN SUBSIDIARIES INVESTMENTS BOOKDEBTS INTRA GROUP DEBTS CERTAIN AGREEMENTS FLOATING CHARGE OVER ALL ITS ASSETS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	DEBENTURE
Date Charge Created:	24/11/06
Date Charge Registered:	08/12/06
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	THE ROYAL BANK OF SCOTLAND PLC, AS SECURITY TRUSTEE FOR ITSELF AND THE OTHER SECURED PARTIES(TH
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM ANY CHARGING COMPANY, A3 CHARGING COMPANY OR ANY OTHER OBLIGORTO ANY SECURED PARTY ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	SECURITY ACCESSION DEED
Date Charge Created:	24/03/06
Date Charge Registered:	07/04/06
Date Charge Satisfied:	01/06/07
Status:	SATISFIED
Person(s) Entitled:	OYAL BANK OF SCOTLAND PLC AS SECURITY TRUSTEE FOR ITSELF AND THE OTHER SECURED PARTIES(SEC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM ANY CHARGING COMPANY OR ANY OTHER OBLIGOR TO ANY SECURED PARTYUNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	FIXED AND FLOATING CHARGES OVER ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY, SEE THE MORTGAGE CHARGE DOCUMENTFOR FULL DETAILS

Mortgage Type:	SECURITY ACCESSION DEED
Date Charge Created:	24/03/06
Date Charge Registered:	07/04/06
Date Charge Satisfied:	01/06/07
Status:	SATISFIED
Person(s) Entitled:	THE ROYAL BANK OF SCOTLAND PLC AS SECURITY TRUSTEE FOR ITSELF AND THE OTHER SECURED PARTIES(SECTHE R
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM ANY CHARGING COMPANY OR ANY OTHER OBLIGOR TO ANY SECURED PARTYUNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	FIXED AND FLOATING CHARGES OVER ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY, SEE THE MORTGAGE CHARGE DOCUMENTFOR FULL DETAILS

Creditor Details

No Creditor Data
Total Value	-

Trade Debtors / Bad Debt Detail

No Debtor Data
Total Value	-

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
A G REGISTRARS LIMITED	43	161
Stephen John Mullens	31	50
Dieter Hahn	0	3
THEODORE GODDARD TRUSTEES LIMITED	0	2
Sacha Jane Woodward Hill	22	8
Loretta Sigrid Elisabeth Wurtenberger	0	7
Michael Robert Scherl	1	4
Michael Erhard Joachim Krowarz	1	5
Matthias Bernhard Herbert Haug	1	4
Harald Gerhard Glockl	1	4
Gerhard Gribkowsky	1	8
Alexandra Sophia Stephanie Irrgang	1	4
Donald MacKenzie	1	7
Mukesh Haridas Andani	35	36
INSTANT COMPANIES LIMITED	2432	120337
SWIFT INCORPORATIONS LIMITED	2581	263484

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.52
UK Pound	1	Rs.84.09
Euro	1	Rs.71.67

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.