MIRA INFORM REPORT

 

 

Report Date :

23.10.2013

 

IDENTIFICATION DETAILS

 

Name :

FISH ON LINE (PTY) LTD

 

 

Registered Office :

7 Signal Cresent, Cape Town 7441

 

 

Country :

South Africa

 

 

Date of Incorporation :

17.06.2005

 

 

Com. Reg. No.:

M2005/021351/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

Ocean and coastal fishing

 

 

No. of Employees :

31

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate  

Payment Behaviour :

Unknown

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 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

South Africa

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

South Africa ECONOMIC OVERVIEW

 

South Africa is a middle-income, emerging market with an abundant supply of natural resources; well-developed financial, legal, communications, energy, and transport sectors and a stock exchange that is the 15th largest in the world. Even though the country possesses modern infrastructure that support a relatively efficient distribution of goods to major urban centers throughout the region, some components retard growth. The economy began to slow in the second half of 2007 due to an electricity crisis. State power supplier Eskom encountered problems with aging plants and meeting electricity demand necessitating "load-shedding" cuts in 2007 and 2008 to residents and businesses in the major cities. Subsequently, the global financial crisis reduced commodity prices and world demand. GDP fell nearly 2% in 2009 but has recovered since then. Unemployment, poverty, and inequality remain a challenge, with official unemployment at nearly 25% of the work force. State power supplier Eskom has built two new power stations and installed new power demand management programs to improve power grid reliability. South Africa's economic policy has focused on controlling inflation, however, the country has had significant budget deficits that restrict its ability to deal with pressing economic problems. The current government faces growing pressure from special interest groups to use state-owned enterprises to deliver basic services to low-income areas and to increase job growth.

 

Source : CIA

 

 

Subject Name

FISH ON LINE (PTY)LTD

Country

SOUTH AFRICA

Subject Contact person

MR NICKI DE OLIVERIA-021 5510452

 

 

 

Assessment

 

 

 

On the investigation contact was made with the financial manager Nicki De Oliveria who confirmed that nothing has change within the company . 

 

The subject is meeting commitments with suppliers within terms.

 

Still awaiting for a bank code for R2 000 000

 

Financial details were declined.

 

Please see the available information below.

 

 

 

 

 

 

 

 

 

Company Information

 

Registered Name

FISH ON LINE (PTY)LTD

Trading as/ Division Name

None

Previous Name

None

Date of Name Change

None

Registration Number

M2005/021351/07

Registration Date

2005/06/17

Date Commenced Trading

2005/06/17

Age of Business

6 Years 9 Months

History of Business

The company was established in 1999.

History of Principals

The combined experience of its shareholders exceeds 65 years.

Shareholders and  % holding

51 % LONRHO HOLDINGS (PTY) LTD

17% DEAN STASSY

16% ROELOF BRINK

16% JACOBUS MALAN

Authorised Share Capital

R 1000

Issued Share Capital

R 100

Status

In Business

Industry/ Customers

Restaurants and Retailers

Export

South America, Africa, Europe and the Middle and Far East.

Major Industry Code / SICC

1310

Definition of Code

Ocean and coastal fishing

Head Office Physical Address

 

 

7 Signal Cresent

CAPE TOWN

7441

Head Office Postal Address

 

 

PO Box 5190

CAPE TOWN

7850

Current Tel Number

021 5510452

Cell number

Unavailable

Current Fax Number

021 5514316

Current Email Address

info@fishline.co.za

Web Site Address

www.fishonline.co.za

 

 

Auditors Information

 

Company Registered Name

KPMG INC

Trading Name

None

Registration Number

1999/021543/21

Physical Address

1 Medeterrian Road

CAPE TOWN

7441

Postal Address

PO Box 11265

HATFIELD

0028

Contact Person

021 4087477

Contact Number

AMITIAJ DASS

Email

Amatiaj.dass@kpmg.co.za

Principals

Unavailable

Judgements Against Subject

None

Judgements Against Principals

None

Subject Verified as Client

Yes

SAICA number

04846622

VAT Number

4530188665

Tax Number

9559555843

BEE Status

AAA

Financial Year End

June

Years With Auditors

1

Website

www.kpmg.co.za

 

Previous Auditors

Company Name

Phone Number

Time with previous auditors

ROD MCGILVRAY

 

Unknown

SCHOEMBIE AUDITORS

 

Unknown

I C MACKAY AND ASSOCIATES

 

1

 

Tax Information

 

Vat Number

4520222680

Status

ACTIVE

Vat Liable Date

2005-09-01

Tax Number

9341712157

Tax Clearance Expire Date

Unknown

Financial Year End

December

 

 

Black Economic Empowerment

 

Status

None

BEE Certificate Available

No

 

 

ISO Status

 

Type of ISO Grade

None

 

Workman’s compensation

 

Registered

Yes

Compliance Certified

Yes

 

 

Company Structure

 

Subsidiaries

Subsidiary Company

LONRHO HOLDINGS (PTY) LTD

Shareholding

51%

Registration Number

 

Import / Export

Import

 

 

Number of Employees

31
  1. Salaried employees

20
  1. Waged employees

11
  1. Permanent employees

 
  1. Casual employees

 
  1. Contracted employees

 

 

Company Fleet

No of vehicles:

Owned/ Leased

Value

Outstanding Balance

Fleet Operations

2

 

 

Yes

The Fleet is made up of

 
  1. Cars

 

 

 

 
  1. Light Delivery Vehicles

 

 

 

 
  1. Trailers

 

 

 

 
  1. Busses

 

 

 

 
  1. Trucks

 

 

 

 
  1. Fork Lifts

 

 

 

 
  1. Other

 

 

 

 

 

Offices

Warehouse

Head Office Owned/ Rented

Leased

Rental Company

ZETAY PROPERTIES CC

Owned by

 

Value

 

Bond

 

Bank

 

Lease Agreement

Confidential

Lease Expire Date

 

Type of Premises

Warehouse

 

 

Branches Names

Country

Province

None

 

 

 

Branches Owned/ Rented

None

Rental Company

 

Owned

 

Value

 

Bank

 

Bond

 

Lease Agreement

 

Lease Expire Date

 

Type of Premises

 

 

 

                       

Management Overview

 

Organisation chart

Level

Position

Name

1

51%

LONRHO HOLDINGS (PTY) LTD

2

DIRECTOR

DEAN STASSY

2

DIRECTOR

ROELOF BRINK

2

DIRECTOR

JACOBUS MALAN

 

 

Company Structure (Ownership)

 

Note: One level up and all levels down

Holding

Company

Sub

51% LONRHO HOLDINGS (PTY) LTD

FISH ON LINE (PTY)LTD

 

17% DEAN STASSY

FISH ON LINE (PTY)LTD

 

16% ROELOF BRINK

 

FISH ON LINE (PTY)LTD

 

16% JACOBUS MALAN

FISH ON LINE (PTY)LTD

 

 

 

Trade References

 

Key deals signed within the past 12 months.

 

Company

Value

Contact

Deemed Confidential

 

 

 

Trade Reference nr

Supplier

Contact

1

OCEAN FRESH SEA

011 453 2024

        2 

FARM SMOKE HOUSE

021 3862200

3

SUPPER PARKERS

021 5774777

 

Trade References Detail

Nr

Age of Acc

Credit Limit

Max Credit

Terms

Average Purchases

Terms Taken

Comment

1

4 Years

R 1 000 000

R 150 000

30 Days

R 150 000

30 Days

Very

Good

2

4 Years

R 1 500 000

R 250 000

30 Days

R 250 000

30 Days

Excellent

3

10 Years

R 1 500 000

R 500 000

30 Days

R 500 000

30 Days

Good

 

 

Adverse Information on Subject

 

Judgements

Judgements

None

Possible Judgements

None

Civil Court

None

RDs

None

 

Business Rescue

Date registered

Business rescue practitioner

Contact Information

Details

None

 

 

 

 

Default Listings

Date

Details

None

 

 

Notarial Bonds

Date

Details

None

 

 

Bank Information

 

Bank

FIRST NATIONAL BANK

Branch

CORPORATE DURBAN

Bank Account Number

62088300232

Type of Account

CURRENT

Account Name

FIRST ON LINE (PTY) LTD

Overdraft Facilities

Confidential

Bank Code

STILL AWAITS FOR BANK CODE OF

R 2 000 000

Bank Comment

 

STILL AWAITS FOR BANK CODE OF

R 2 000 000

 

Bank Codes History

Date requested

Bank Code

Enquiry Amount

Number of RD’s

RD amount

RD Date

Bank Comments

Years with bank

None

 

 

 

 

 

 

 

 

 

Previous Bank Accounts

Banker

Branch Code

Account Holder

Account number

Date opened

Years with bank

None

 

 

 

 

 

 

 

Deeds Information

 

Property Interests for Company

Title Deed No.

None

Erf/Site No.

 

Deeds Office

 

Physical Address

 

Property Type

 

Extent / Size

 

Purchase Date

 

Purchase price

 

% Ownership

 

Bond Holder

 

Bond Number

 

Bond Amount

 

 

 

Financial Information

 

Financial Estimates

CURRENT ASSETS

Deemed Confidential

Stock

 

Debtors

 

FIXED ASSETS

 

Plant, Equipment, Vehicles

 

Property

 

CURRENT LIABILITIES

 

Creditors

 

Loans/ From?

 

LONG TERM LIABILITIES

 

Morgage Bonds

 

Previous Year Turnover

 

Estimated Current Year Turnover

 

Current Turnover per month

 

Current Turnover per annum

 

 

Please note the following:

 

Turnover and assets less than R 1,000,000.00

The subject falls within the National Credit Act

Turnover and assets less than R 2,000,000.00

The subject falls within the Consumer Protection Act

 

 

Principals

 

Number of Principals

6

Average Age of Active Principals

46

 

Active Principals

 

Principal 1 of 6: EMMA KINDER PRIESTLY

Surname

PRIESTLY

First Name

EMMA KINDER

Other Names

None

Marital Status

None

ID Number

099125683

Verified ID Number

No

Current Age

40

Designation

Director

Status

Active

Appointment Date

2011/07/01

Physical Address (at time of Appointment)

The Cottage

Shirley

ASHBOURNE

DE6 3AS,0000

Postal Address

25 Berkley Square

WIJ6HB LONDON

0000

Current Tel Number

021 5510452

Cell number

Unavailable

Current Fax Number

021 5514316

Current Email Address

info@fishline.co.za

Shareholding

www.fishonline.co.za

 

Adverse Information for:EMMA KINDER PRIESTLY

 

Judgement

Number of /Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for:EMMA KINDER PRIESTLY

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

FISH ON LINE (PTY)LTD

M2005/021351/07

In Business

6 Years 9 Months

0

No

 

Previous Business Interests

Average Age of Previous Business Interests

None

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

None

 

 

 

 

 

 

 

Deeds Information

 

Property Interestsfor:EMMA KINDER PRIESTLY

 

Title Deed No.

None

Erf/Site No.

 

Deeds Office

 

Physical Address

 

Property Type

 

Extent / Size

 

Purchase Date

 

Purchase price

 

% Ownership

 

Bond Holder

 

Bond Number

 

Bond Amount

 

 

Principal 2 of 6: DAVID JAMES ARMSTRONG

Surname

ARMSTRONG

First Name

DAVID  JAMES

Other Names

None

Marital Status

None

ID Number

099163969

Verified ID Number

No

Current Age

48

Designation

Director

Status

Active

Appointment Date

2011/07/01

Physical Address (at time of Appointment)

Malthouse

Ockham Road

LEATHERHEAD EAST HORSE

UK

0000

Postal Address

25 Berkley square

WIJ6HB

LONDON 0000

Current Tel Number

021 5510452

Cell number

Unavailable

Current Fax Number

021 5514316

Current Email Address

info@fishline.co.za

Shareholding

www.fishonline.co.za

 

Adverse Information for: DAVID JAMES ARMSTRONG

 

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for :DAVID JAMES ARMSTRONG

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

FISH ON LINE (PTY)LTD

M2005/021351/07

In Business

6 Years

9 Months

0

No

 

Previous Business Interests

Average Age of Previous Business Interests

None

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

None

 

 

 

 

 

 

Deeds Information

 

Property Interests for :DAVID JAMES ARMSTRONG

 

Title Deed No.

None

Erf/Site No.

 

Deeds Office

 

Physical Address

 

Property Type

 

Extent / Size

 

Purchase Date

 

Purchase price

 

% Ownership

 

Bond Holder

 

Bond Number

 

Bond Amount

 

 

Principal 3 of 6:GEOFFREY TREVOR WHITE

Surname

WHITE

First Name

GEOFFREY TREVOR

Other Names

None

Marital Status

None

ID Number

099110650

Verified ID Number

No

Current Age

51

Designation

Director

Status

active

Appointment Date

2011/07/01

Physical Address (at time of Appointment)

74 Above Town

Dartmouth

Devon

LONDON

0000

Postal Address

25 Berkley square

WIJ6HB

LONDON

0000

Current Email Address

info@fishline.co.za

Shareholding

(if the principal owns shares)

 

Adverse Information for: GEOFFREY TREVOR WHITE

 

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for: GEOFFREY TREVOR WHITE

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

FISH ON LINE (PTY)LTD

M2005/021351/07

In Business

6 Years 9 Months

0

No

 

 

Previous Business Interests

Average Age of Previous Business Interests

None

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

None

 

 

 

 

 

 

Deeds Information

 

Property Interests for: GEOFFREY TREVOR WHITE

 

Title Deed No.

None

Erf/Site No.

 

Deeds Office

 

Physical Address

 

Property Type

 

Extent / Size

 

Purchase Date

 

Purchase price

 

% Ownership

 

Bond Holder

 

Bond Number

 

Bond Amount

 

 

Principal 4 of 6: DAVID LENIGAS

 

Surname

LENIGAS

First Name

DAVID

Other Names

None

Marital Status

None

ID Number

E3060892

Verified ID Number

No

Current Age

51

Designation

Businessman

Status

Active

Appointment Date

2011/07/01

Physical Address (at time of Appointment)

4 Avenue Des

GUELFES

0000

Postal Address

25 Berkley Square

WIJ6HB

LONDON

0000

Current Tel Number

021 5510452

Cell number

Unavailable

Current Fax Number

021 5514316

Current Email Address

info@fishline.co.za

 

Adverse Information for: DAVID LENIGAS

 

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for: DAVID LENIGAS

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

E-KWIKBUILD HOUSING COMPANY (PTY)LTD

M2002/022407/07

In Business

9 Years 6 Months

0

No

FISH ON LINE(PTY)LTD

M2005/021351/07

In Business

6 Years 9 Months

0

No

LONRHO LOGISTICS (PTY)LTD

M2007/034302/07

In Business

4 Years 4 Months

0

No

LORNHO MANAGEMENT SOUTH AFRICA (PTY)LTD

2008/004250/07

In Business

4 Years 1 Months

0

No

LONRHO PROJECTS SOUTH AFRICA (PTY)LTD

M2008/006054/07

In Business

4 Years

0

No

LONRO PROJECTS AGRI (PTY)LTD

M2009/007772/07

In Business

2 Years 11 Months

0

No

LONRHO ENERGY (PTY)LTD

M2009/008050/07

In Business

2 Years 11 Months

0

No

LONRHO SECURITEC (PTY)LTD

M2009/009501/07

In Business

2 Years 10 Months

0

No

LONRHO PROJECTS CONSULTING (PTY)LTD

M2009/009527/07

In Business

2 Years 10 Months

0

No

LONRHO AMATHONGA HOTELS (PYT)LTD

M2009/010597/07

In Business

2 Years 9 Months

0

No

 

Previous Business Interests

Average Age of Previous Business Interests

None

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

None

 

 

 

 

 

 

Deeds Information

 

Property Interestsfor:DAVID LENIGAS

 

Title Deed No.

None

Erf/Site No.

 

Deeds Office

 

Physical Address

 

Property Type

 

Extent / Size

 

Purchase Date

 

Purchase price

 

% Ownership

 

Bond Holder

 

Bond Number

 

Bond Amount

 

 

Principal 5 of6:ROELOF BRINK

 

Surname

BRINK

First Name

ROELOF

Other Names

None

Marital Status

None

ID Number

6704165087082

Verified ID Number

Yes

Current Age

45

Designation

Director

Status

Active

Appointment Date

2005/06/17

Physical Address (at time of Appointment)

NO4 Chipstead Way

PINELANDS

7405

Postal Address

PO Box 51908

V and A WATERFRONT

8002

Current Tel Number

021 5510452

Cell number

Unavailable

Current Fax Number

021 5514316

Current Email Address

info@fishline.co.za

 

Adverse Information for: ROELOF BRINK

 

Judgement

Number of Judgements

None

 

 

Debt Review

Debt review

None

 

Other

Default data

None

 

 

Business Information for: ROELOF BRINK

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

LITTLE ITALY PIZZA AND PASTA CC

B1993/020925/23

In Business

18 Years

 7 Months

0

No

CREEL TRADING CC

B1999/044196/23

In Business

12 Years

8 Months

0

No

PETTEN TRADING CC

B1999/049894/23

In Business

12 Years

7 Months

0

No

FISH ON LINE (PTY)LTD

M2005/021351/07

In Business

6 Years

9 Months

0

No

 

Previous business interests

Average Age of Previous Business Interests

9 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

SA SARDINE EXPORTERS CC

2001/081651/23

Deregistration Final

10 Years

4 Months

0

No

BAZOO PROMOTIONS CC

2002/001080/23

Deregistration Final

10 Years

2 Months

0

No

CHAPMANS PEAK FISH PROCESSORS (PTY)LTD

2002/008448/07

Deregistration Final

9 Years

11 Months

0

No

DREAM WORLD INVESTMENTS 379 (PTY)LTD

M2005/016153/07

In Business

6 Years

10 Months

0

No

 

 

Deeds Information

 

Property Interestsfor: ROELOF BRINK

 

Title Deed No.

T21315/2001

Erf/Site No.

 

Deeds Office

CAPETOWN

Physical Address

4 Chipstead Pinelands

CAPE TOWN

Property Type

Freehold/Ervin

Extent / Size

763.0SQM

Purchase Date

2000/10/25

Purchase price

R 420000

% Ownership

0

Bond Holder

SAAMBOU BANK LTD

Bond Number

B155592001

Bond Amount

R 450000

 

 

Principal 6 of6:JACOBUS MALAN

 

Surname

MALAN

First Name

JACOBUS

Other Names

None

Marital Status

None

ID Number

6604305045083

Verified ID Number

Yes

Current Age

46

Designation

Director

Status

Active

Appointment Date

2005/06/17

Physical Address (at time of Appointment)

45 Skaamrosie Street

Protea Valley

Bellville

7551

Postal Address

PO Box 51908

V and A Waterfront

Cape Town

8002

Current Tel Number

021 5510452

Cell number

Unavailable

Current Fax Number

021 5514316

Current Email Address

info@fishline.co.za

 

Adverse Information for: JACOBUS MALAN

 

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for: JACOBUS MALAN

 

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

CREEL TRADING CC

B1999/044196/23

In Business

12 Years 8 Months

No

0

PETTEN TRADING CC

B1999/049894/23

In Business

12 Years 7 Months

No

0

KE BATLA TRADING 6 CC

B2005/130948/23

In Business

6 Years 6 Months

No

0

DREAM WORLD INVESTMENTS 379 (PTY)LTD

M2005/016153/07

In Business

6 Years 10 Months

No

0

FISH ON LINE (PTY)LTD

M2005/021351/07

In Business

6 Years 9 Months

No

0

 

Previous Business Interests

Average Age of Previous Business Interests

10 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

H G WIEMEYER AND PARTNERS (PTY)LTD

1989/006154/07

Deregistration Final

22 Years

5 months

0

No

PRIMORDIUM SEAFOODS CC

1998/031646/23

Conversion CO/CC or CC/CO

13 Years

9 Months

1

No

SA SARDINEXPORTERS CC

2001/081651/23

Deregistration Final

10 Years

4 Months

0

No

BAZOO PROMOTIONS CC

2002/001080/23

Deregistration Final

10 Years

2 Months

0

No

CHAPMANS PEAK FISH PROCESSORS (PTY)LTD

2002/008448/07

Deregistration Final

9 Years

11 Months

0

No

 

 

 

 

Deeds Information

 

Property Interestsfor:JACOBUS MALAN

 

Title Deed No.

T105376/2004

Erf/Site No.

 

Deeds Office

CAPE TOWN

Physical Address

1 Monte PescaliSonstraal

HEIGHTS DURBANVILLE

Property Type

Freehold/Ervin

Extent / Size

337.OSQM

Purchase Date

2004/06/25

Purchase price

200000

% Ownership

0

Bond Holder

FIRSTRAND LTD

Bond Number

B877052004

Bond Amount

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.78

UK Pound

1

Rs.99.66

Euro

1

Rs.84.49

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

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.