MIRA INFORM REPORT

Report Date :

10.12.2014

IDENTIFICATION DETAILS

Name :	ADEPT CREATIONS PRIVATE LIMITED
Registered Office :	106, 1^st Floor, Suryakiran Building, 19 K.G. Marg, New Delhi – 110001, Delhi
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	19.09.2006
Com. Reg. No.:	55-154053
Capital Investment / Paid-up Capital :	Rs.16.800 Million
CIN No.: [Company Identification No.]	U18109DL2006PTC154053
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company.
Line of Business :	Trader of Garments.
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

Ca (11)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is a company having moderate track. Mr. Sanjay Gupta, finance manager provided information and claimed that the company has shut down its garment trading operations from past 4 years. Whereas, he also parted that the management has planned to change its line of business from trading to real estate. Moreover, the income reported in the books is earned through interest on financial lending during the year under review. Hence, payment terms are unknown. In view of the company is not active in its core commercial operations, we could not recommend you and credit dealings.

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 – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
India	A1	A1

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

EXTERNAL AGENCY RATING

Not Available

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. Sanjay Gupta
Designation :	Finance Manager
Contact No.:	91-9810712660
Date :	08.12.2014

LOCATIONS

Registered Office :	106, 1^st Floor, Suryakiran Building, 19 K.G. Marg, New Delhi – 110001, Delhi, India
Tel. No.:	Not Available
Mobile No.:	91-9810712660
Fax No.:	Not Available
E-Mail :	corpaffairs106@gmail.com
Corporate Office :	1101, Tolstoy House Marg, New Delhi – 110001, Delhi, India

DIRECTORS

As on 30.09.2014

Name :

Mr. Pramod Kumar Ahuja

Designation :

Director

Address :

G-24, Sawan Niwas, Mansarovar Garden, New Delhi – 110015, Delhi, India

Date of Birth/Age :

12.05.1949

Date of Appointment :

30.09.2014

DIN No.:

01123897

Other Directorship :

S. No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74999DL2003PTC123593	BEST LABORATORIES PRIVATE LIMITED	Director	22/12/2003	22/12/2003	30/10/2008	Active	NO
2	U24239DL2003PTC123542	PROLIFIC DRUGS PRIVATE LIMITED	Director	22/12/2003	22/12/2003	-	Amalgamated	NO
3	U51397DL2007PTC165601	BEST HEALTHCARE PRIVATE LIMITED	Director	29/09/2008	12/11/2007	-	Active	NO
4	U51397DL2007PTC165596	BEST CURE PRIVATE LIMITED	Director	29/09/2008	12/11/2007	-	Active	NO
5	U45400DL2007PTC171729	TORUS BUILDCON PRIVATE LIMITED	Director	25/09/2008	24/12/2007	20/02/2014	Active	NO
6	U67190DL2007PTC166284	REXCIN FINANCE PRIVATE LIMITED	Director	26/09/2008	17/04/2008	25/09/2014	Active	NO
7	U45400DL2008PTC173145	GREEN GRASS ESTATES PRIVATE LIMITED	Director	25/09/2008	17/04/2008	20/05/2014	Active	NO
8	U51101DL1991PTC265838	RANCHEM Private Limited	Additional director	08/10/2008	08/10/2008	25/03/2013	Active	NO
9	U18109DL2006PTC154053	ADEPT CREATIONS PRIVATE LIMITED	Director	30/09/2014	20/08/2013	-	Active	NO
10	U85110DL1984PTC192009	FERN HEALTHCARE PRIVATE LIMITED	Director	30/09/2013	28/08/2013	13/02/2014	Active	NO
11	U70200DL1991PTC044907	MODLAND WEARS PRIVATE LIMITED	Additional director	13/02/2014	13/02/2014	25/09/2014	Active	NO
12	U24239DL2003PTC123592	Best Health Management Private Limited	Director	30/09/2014	13/02/2014	-	Active	NO
13	U45400DL2007PTC167851	GREEN LINE BUILDWELL PRIVATE LIMITED	Director	30/09/2014	25/09/2014	-	Active	NO
14	AAA-0598	VICTORIA SYNDICATE LLP	Body corporate as Designated Partner	14/01/2010	14/01/2010	-	Active	NO

Name :

Mr. Rajveer Singh

Designation :

Director

Address :

W111, Greater Kailash Part I, New Delhi – 110048, Delhi, India

Date of Birth/Age :

24.08.1956

Date of Appointment :

30.09.2014

DIN No.:

00906347

Other Directorship :

S. No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74899DL1969PTC005063	ANALYTICAL TESTING SERVICES PRIVATE LIMITED	Director	11/08/1999	11/08/1999	-	Amalgamated	NO
2	U51900DL1982ULT193961	ORLANDO TRADING COMPANY ( A PRIVATE COMPANY )	Director	15/02/2001	15/02/2001	12/10/2013	Active	NO
3	U33110DL1984PTC191571	TRIPOLI INVESTMENT AND TRADING COMPANY	Director	22/08/2001	22/08/2001	-	Active	NO
4	U24239DL2003PTC123592	Best Health Management Private Limited	Director	21/02/2005	21/02/2005	-	Active	NO
5	U74899DL2005PTC142123	CAROL SECURITIES PRIVATE LIMITED	Director	05/12/2005	05/12/2005	01/11/2011	Active	NO
6	L85110DL1994PLC166888	Religare Technova Global Solutions Limited	Director	14/08/2006	14/08/2006	29/10/2007	Amalgamated	NO
7	U45400DL2007PTC171729	TORUS BUILDCON PRIVATE LIMITED	Director	25/09/2008	24/12/2007	20/02/2014	Active	NO
8	U67190DL2007PTC166288	TODAYS HOLDINGS PRIVATE LIMITED	Additional director	17/04/2008	17/04/2008	02/06/2008	Active	NO
9	U45400DL2008PTC173145	GREEN GRASS ESTATES PRIVATE LIMITED	Director	25/09/2008	17/04/2008	20/05/2014	Active	NO
10	U85110DL1984PTC192009	FERN HEALTHCARE PRIVATE LIMITED	Additional director	01/05/2008	01/05/2008	05/03/2012	Active	NO
11	U74899DL1993PTC054665	KANWAR RAJ AND CO. PRIVATE LIMITED	Additional director	12/01/2010	12/01/2010	03/03/2010	Active	NO
12	U70200DL2009PTC189278	SPHERE BUILDWELL PRIVATE LIMITED	Additional director	12/01/2010	12/01/2010	03/03/2010	Active	NO
13	U45400DL2008PTC174348	HILLGROW INFRASTRUCTURE PRIVATE LIMITED	Director	30/09/2010	16/04/2010	-	Active	NO
14	U70101DL2005PLC134697	ELEGANCE MALLS LIMITED	Director	22/03/2011	22/03/2011	04/02/2012	Active	NO
15	U45201DL2005PLC135266	RAPID BUILDWELL LIMITED	Director	22/03/2011	22/03/2011	04/02/2012	Active	NO
16	U45200DL2006PTC156368	GYS REAL ESTATES PRIVATE LIMITED	Director	24/03/2011	24/03/2011	24/03/2011	Active	NO
17	U74120DL2008PTC173921	ADDON REALTY PRIVATE LIMITED	Director	02/12/2011	02/12/2011	-	Active	NO
18	U70101DL2010PTC198623	PRIUS REAL ESTATE PRIVATE LIMITED	Director	14/12/2011	14/12/2011	-	Active	NO
19	U18109DL2006PTC154053	ADEPT CREATIONS PRIVATE LIMITED	Director	30/09/2014	10/12/2013	-	Active	NO
20	U70200DL1991PTC044907	MODLAND WEARS PRIVATE LIMITED	Additional director	13/02/2014	13/02/2014	25/09/2014	Active	NO
21	U67190DL2007PTC166284	REXCIN FINANCE PRIVATE LIMITED	Additional director	13/02/2014	13/02/2014	25/09/2014	Active	NO
22	U51397DL2007PTC165596	BEST CURE PRIVATE LIMITED	Director	30/09/2014	13/02/2014	-	Active	NO
23	U51397DL2007PTC165601	BEST HEALTHCARE PRIVATE LIMITED	Director	30/09/2014	13/02/2014	-	Active	NO
24	U45201DL2006PTC147034	DIGNITY BUILDCON PRIVATE LIMITED	Director	24/09/2014	01/08/2014	-	Active	NO
25	U45400DL2007PTC167851	GREEN LINE BUILDWELL PRIVATE LIMITED	Director	30/09/2014	25/09/2014	-	Active	NO
26	AAA-0598	VICTORIA SYNDICATE LLP	Body corporate as Designated Partner	14/01/2010	14/01/2010	-	Active	NO

MAJOR SHAREHOLDERS

As on 30.09.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Green Line Buildwell Private Limited	5000	5.00
Best Healthcare Private Limited	5000	5.00
Fern Healthcare Private Limited	45000	45.00
Tripoli Investment and Trading Company	45000	45.00
Total	100000	100.00

As on 30.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader of Garments.
Products :	Not Available
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Not Available
Purchasing :	Not Available

PRODUCTION STATUS = NOT AVAILBALE

GENERAL INFORMATION

Suppliers :	Not Divulged
Customers :	Not Divulged
No. of Employees :	Information declined by the management.
Bankers :	· Axis Bank, Karol bag Branch, Delhi, India

Financial Institutions :	· Religare Finvest limited, D3, P3B, District Centre, Saket, New Delhi – 110017, Delhi, India
Auditors :
Name :	M.S.Sekhon and Company Chartered Accountants
Address :	170, Madhuvan, New Delhi – 110092, Delhi, India
Tel. No.:	91-11-42445194, 42445294, 42445394
E-Mail :	sekhonms@rediffmail.com
PAN No.:	AAAFM0027H
Memberships :	---
Collaborators :	---
Associates :	· Best Healthcare Private Limited · Green Line Buildwell Private Limited · Orlando Trading Co.
Enterprises having control over the company :	· Fern Healthcare Private Limited · Tripoli Investment and Trading Company

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
110000	Equity Shares	Rs.10/-each	Rs.1.100 Million
159000	Preference Shares	Rs.100/-each	Rs.15.900 Million
	Total		Rs.17.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.10/-each	Rs.1.000 Million
158000	Preference Shares	Rs.100/-each	Rs.15.800 Million
	Total		Rs.16.800 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	16.800	15.900	15.900
(b) Reserves & Surplus	(351.456)	(292.536)	(254.950)
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	(334.656)	(276.636)	(239.050)
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	1450.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	0.000	0.000	1450.000
(4) Current Liabilities
(a) Short term borrowings	1306.800	1280.630	2991.000
(b) Trade payables	0.000	0.000	0.000
(c) Other current liabilities	204.424	182.347	105.985
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	1511.224	1462.977	3096.985
TOTAL	1176.568	1186.341	4307.935
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000	0.000	0.000
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	173.161	170.861	170.860
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	10.966	23.708	13.896
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	184.127	194.569	184.756
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	1394.624
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	0.187	0.652	11.077
(e) Short-term loans and advances	856.151	872.116	2659.700
(f) Other current assets	136.103	119.004	57.778
Total Current Assets	992.441	991.772	4123.179
TOTAL	1176.568	1186.341	4307.935

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES	145.988	203.689	4.492
Less	EXPENSES	204.912	241.275	45.338
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	(58.924)	(37.586)	(40.846)
Less/ Add	Exceptional Items	0.000	0.000	372.221
	PROFIT/ (LOSS) BEFORE TAX	(58.924)	(37.586)	(413.067)
Less	TAX	(0.005)	0.000	(0.004)
	PROFIT/ (LOSS) AFTER TAX	(58.919)	(37.586)	(413.063)
	Earnings / (Loss) Per Share (Rs.)	(589.19)	(375.86)	(4130.63)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin PAT / Sales	(%)	(40.35)	(18.45)	(9195.52)
Operating Profit Margin (PBDIT/Sales)	(%)	(40.36)	(18.45)	(909.30)
Return on Total Assets (PBT/Total Assets}	(%)	(5.87)	(3.70)	(9.98)
Return on Investment (ROI) (PBT/Networth)		0.18	0.14	1.73
Debt Equity Ratio (Total Liability/Networth)		(3.90)	(4.63)	(18.58)
Current Ratio (Current Asset/Current Liability)		0.66	0.68	1.33

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	15.900	15.900	16.800
Reserves & Surplus	(254.950)	(292.536)	(351.456)
Net worth	(239.050)	(276.636)	(334.656)
long-term borrowings	1450.000	0.000	0.000
Short term borrowings	2991.000	1280.630	1306.800
Total borrowings	4441.000	1280.630	1306.800
Debt/Equity ratio	(18.578)	(4.629)	(3.905)

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	4.492	203.689	145.988
		4,434.484	(28.328)

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	4.492	203.689	145.988
Profit / (Loss)	(413.063)	(37.586)	(58.919)
	(9195.53%)	(18.45%)	(40.36%)

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	----------------------
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	Yes
18]	Major customers	Yes
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	----------------------
22]	Litigations that the firm / promoter involved in	----------------------
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	----------------------
26]	Buyer visit details	----------------------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

INDEX OF CHARGES

No Charges Exist for Company

UNSECURED LOANS

PARTICULAR	31.03.2014 (Rs. in Millions)	31.03.2013 (Rs. in Millions)
SHORT TERM BORROWINGS
Inter-corporate Loans	1306.800	1280.630
Total	1306.800	1280.630

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.92
UK Pound	1	Rs.96.37
Euro	1	Rs.76.10

INFORMATION DETAILS

Information Gathered by :	HNA
Analysis Done by :	SUB
Report Prepared by :	PNM

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	1
OPERATING SCALE	1~10	1
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILIRY	1~10	1
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--MARGINS	-5~5	---
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	NO
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		11

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%)

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	--

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.