MIRA INFORM REPORT

 

 

Report Date :

03.02.2014

 

IDENTIFICATION DETAILS

 

Name :

FUTURA FOOTWEAR LTD

 

 

Registered Office :

1 Manchester Road, Pinetown, 3600 P O Box 128, Pinetown, 3610

 

 

Country :

South Africa

 

 

Date of Incorporation :

26.08.1931

 

 

Com. Reg. No.:

M1931/003340/06

 

 

Legal Form :

Private Company

 

 

Line of Business :

Manufacture and Supplier of shoes, future footwear, and a wide range of footwear, such as bata, toughees, Northstar, Marie Claire

 

 

No. of Employees :

Not Available

 

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 – September 30, 2013

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

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. 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

 

 

 

 


Company name and address

 

Subject Name

FUTURA FOOTWEAR LTD

Country

South Africa

Enquiry Terms

COD

Subject Contact Person

DANYLE MALLON - PA to the Financial Director

Assessment

This is a well-established business. On investigation contact was made with DANYLE MALLON the PA to the Financial Director, who declined to assist with the required information. On requesting to speak to a director we were declined to be put through as DANYLE denied any further communication going forward. Please advise if you have a direct contact person within the company and the name of the principal enquirer. Please see the available information below.

 

 

Company information

 

Registered Name

FUTURA FOOTWEAR LTD

Trading as/ Division Name

None

Previous Name

None

Date of Name Change

None

Registration Number

M1931/003340/06

Registration Date

1931/08/26

Date Commenced Trading

1931-08-26

Age of Business

82 Years 5 Months

History of Business

The subject commenced trading as a new company in 1931.

History of Principals

There are 4 principals within the company.

Shareholders/Members/Partners of subject and % holding

Unavailable

Authorised Share Capital

R 0.00

Issued Share Capital/Members Contribution

R 0.00

Status

In Business

Operations Assessment

Manufacture and Supplier of shoes, future footwear, and a wide range of footwear, such as bata, toughees, Northstar, Marie Claire...

Industry/ Customers

Distributers, departmental stores, speciality stores and high street dealers.

Export

Yes

Export Countries

Botswana,Mozambique,Namibia

Import

Yes

Import Countries

India

Major Industry Code / SICC

31700

Definition of Code

MANUFACTURE OF FOOTWEAR

Head Office Physical Address

1 MANCHESTER ROAD, PINETOWN, 3600

Head Office Postal Address

P O BOX 128, PINETOWN, 3610

Current Tel Number

0317014951

Cell Number

Unavailable

Current Fax Number

0317028978

Current Email Address

futura@batasa.co.za

Web Site Address

www.futurafootwear.co.za

Comments

 

 

 

Auditors information

 

Company Registered Name

ERNST AND YOUNG INC

Trading Name

ERNST AND YOUNG

Registration Number

2005/002308/21

Physical Address

1 PENCARROW CRESCENT, LA LUCIA, 4051

Postal Address

PO BOX 859, DURBAN, 4000

Contact Person

LIESL VAN DER BURG

Contact Number

031576800

Email

Unavailable

Principals

 

Judgements Against Subject

Unavailable

Judgements Against Principals

Unavailable

Subject Verified as Client

Yes

Practice Number

908215E

VAT Number

Unavailable

Tax Number

Unavailable

BEE Status

Unavailable

Financial Year End

Unavailable

No of years in Business

Unavailable

Website

Unavailable

Comment

 

 

Previous Auditors Information - No Information on Record

 

 

tax information

 

Vat Number

4170101325

Status

ACTIVE

Vat Liable Date

 

Tax Number

9000013715

Tax Clearance Expire Date

 

Financial Year End

 

Comment

 

Black Economic Empowerment

Status

Yes

Score

7.00

Expire Date

Feb 6 2014

BEE Certificate Available

 

Comment

 

ISO Status

Type of ISO Grade

9000

ISO Certificate

Yes

ISO Certificate Available

 

Certified by an Accredited Agent

 

Comment

 

 

Work Mans Information - No Information on Record

 

 

Company Structure

 

Subsidiary Company

SABRE FOOTWEAR (PTY)LTD

Shareholding

100%

Registration Number

1985/000219/07

Import / Export

 

Comment

 

 

Employees Information - No Information on Record

Company Fleet Information - No Information on Record

 

 

Offices Information - No Information on Record

 

Branches Names

Country

Province

FUTURA FOOTWEAR LTD (DURBAN)

South Africa

KWAZULU NATAL

FUTURA FOOTWEAR LTD (CAPE TOWN)

South Africa

WESTERN CAPE

 

 

Management Overview

 

Organisation Chart

 

Level

Position

Name

Comment

 

1

DIRECTOR

LUIS ERNESTO ROJAS ROMERO

 

 

Company Structure Information - No Information on Record

Note: One level up and all levels down

 

 

Key Deals - No Information on Record

 

Trade References Information - No Information on Record

 


 

Adverse Information on Subject

 

Judgements - No information on record

Business Rescue - No Information on Record

Default Listing - No information on record

Notarial Bonds - No information on record

 

 

Bank Information - No Information on Record

Bank Code History - No Information on Record

Previous Bank Account Information - No Information on Record

Deeds Information - No information on record

 

 

Principals

 

Number of Principals

4

Average Age of Active Principals

49

Active Principals Principal - 1 of 4 ROJAS ROMERO

Surname

ROMERO

First Name

ROJAS

Other Names

LUIS ERNESTO

Marital Status

 

ID Number

PE077083

Verified ID Number

No

Current Age

43 Years 11 Months

Designation

MANAGING DIRECTOR

Status

Active

Appointment Date

2013/01/01

Physical Address (at time of Appointment)

85 MERRICK HILL MOUNT EDGECOMBE COUNTRY CLUB ESTATE 2 4218

Postal Address

PO BOX 128 PINETOWN PINETOWN DURBAN 3600

Current Tel Number

0317014951

Cell number

 

Shareholding/Membership

0.00

 

 

Business Information for ROJAS ROMERO

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

FUTURA FOOTWEAR LTD

M1931/003340/06

In Business

83 Years 11 Months

0

No

 

SABRE FOOTWEAR (PTY)LTD

M1985/000219/07

In Business

29 Years 5 Months

1

No

 

 

 

GARETH JONES

 

Surname

JONES

First Name

GARETH

Other Names

 

Marital Status

 

ID Number

7110115227084

Verified ID Number

Yes

Current Age

42 Years 3 Months

Designation

 

Status

Active

Appointment Date

2010/07/07

Physical Address (at time of Appointment)

65 EIGHT AVENUE MORNINGSIDE DURBAN 4001

Postal Address

P O BOX 128 PINETOWN 3600

Current Tel Number

0313037265

Cell number

0827844834

Shareholding/Membership

0.00

 

 

Business Information for GARETH JONES

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

FUTURA FOOTWEAR LTD

M1931/003340/06

In Business

83 Years 11 Months

0

No

 

JOSSI DESIGN (PTY)LTD

M2006/018931/07

In Business

8 Years 8 Months

0

No

 

ROYAL PALM

NOMINEES

(PTY)LTD

M2007/012034/07

In Business

7 Years 7 Months

0

No

 

SABRE FOOTWEAR (PTY)LTD

M1985/000219/07

In Business

29 Years 5 Months

1

No

 

TIGERS EYE

PROPERTIES

(PTY)LTD

M2008/027379/07

In Business

6 Years 6 Months

0

No

 

TIGOEY PROPERTY

INVESTMENTS

(PTY)LTD

M2005/030240/07

In Business

9 Years 9 Months

0

No

 

 


Principal Previous Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

MAD LANDSCAPES CC

B2009/134519/23

In Business

5 Years 5 Months

0

No

 

ROYAL PALM PROPERTY HOLDINGS LTD

M2002/022582/06

In Business

 

0

No

 

STARR AND POLKINGHORNE LTD

M2002/017029/06

In Business

 

0

No

 

 

 

Principal Deeds Information

Property Interests for GARETH JONES

 

Title Deed No.

T21332/2011

Erf/Site No.

 

Deeds Office

PIETERMARITZBURG

Physical Address

9 SUNNYSIDE BELVEDERE HILLCREST

Property Type

Freehold

Extent / Size

4436.0SQM

Purchase Date

2011/04/22

Purchase price

 

% Ownership

0.00

Bond Holder

FIRSTRAND BANK LTD

Bond Number

B159782011

Bond Amount

 

Comment

 

 

 

MXOLISI MGOJO’

 

Surname

MGOJO

First Name

MXOLISI

Other Names

DONALD MBUYISA

Marital Status

 

ID Number

6005255986088

Verified ID Number

Yes

Current Age

53 Years 8 Months

Designation

DIRECTOR

Status

Active

Appointment Date

2009/04/28

Physical Address (at time of Appointment)

37 SHEHERD AVENUE BRYANSTON 2191

Postal Address

PO BOX 9229 PRETORIA WEST PRETORIA 0001

Current Tel Number

0123074906

Cell number

0834696470

Shareholding/Membership

0.00

 


Business Information for MXOLISI MGOJO

Principal Current Business Interests’

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

CENNERGI (PTY)LTD

M2006/036355/07

In Business

8 Years 8 Months

0

No

 

COASTAL COAL (PTY)LTD

M1979/005332/07

In Business

35 Years 11 Months

0

No

 

DREAMVISION INVESTMENTS 15 (RF) (PTY)LTD

M2004/009915/07

In Business

10 Years 10 Months

0

No

 

EXXARO COAL (PTY)LTD

M2000/011078/07

In Business

14 Years 2 Months

0

No

 

EXXARO COAL MPUMALANGA (PTY)LTD

M1999/010289/07

In Business

15 Years 3 Months

0

No

 

EXXARO

REDUCTANTS

(PTY)LTD

M2004/030275/07

In Business

10 Years 10 Months

0

No

 

EYESIZWE HOLDINGS (PTY)LTD

M1999/020041/07

In Business

15 Years 3 Months

0

No

 

EYESIZWE MINING (PTY)LTD

M1999/008022/07

In Business

15 Years 3 Months

0

No

 

FUTURA FOOTWEAR LTD

M1931/003340/06

In Business

83 Years 11 Months

0

No

 

INTERACTIVE TRADING 779 (PTY)LTD

M2003/018307/07

In Business

11 Years 11 Months

0

No

 

INYANDA COAL (PTY)LTD

M2001/018556/07

In Business

13 Years 1 Months

0

No

 

KUMBA BASE METALS LTD

1967/004375/06

In Business

47 Years 11 Months

0

No

 

MAIN STREET 333 (PTY)LTD

M2005/025692/07

In Business

9 Years 9 Months

0

No

 

MERSEN SOUTH AFRICA (PTY)LTD

M1956/002924/07

In Business

58 Years 10 Months

0

No

 

MICAWBER 769 (PTY)LTD

M2009/012023/07

In Business

5 Years 5 Months

0

No

 

SOUTH DUNES COAL TERMINAL COMPANY

M1996/017852/30

In Business

18 Years 6 Months

0

No

 

SOUTH DUNES COAL TERMINAL COMPANY (PTY)LTD

M1996/017852/07

In Business

18 Years 6 Months

0

No

 

 

TALENT 10

 

 

 

 

 

 

HOLDINGS

K2012/135507/07

In Business

2 Years 2 Months

0

No

 

(PTY)LTD

 

 

 

 

 

 

 

 

Principal Previous Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ALLOYSTREAM (PTY)LTD

M2005/014848/07

In Business

9 Years 9 Months

0

No

 

ALLOYSTREAM MANGANESE JV (PTY)LTD

M2006/029143/07

Deregistration Final

8 Years 8 Months

0

No

 

AOZORA HOLDINGS (PTY)LTD

M1996/016053/07

Deregistration Final

18 Years 6 Months

0

No

 

EXXARO BASE METALS (PTY)LTD

M1967/004375/07

In Business

47 Years 11 Months

0

No

 

EXXARO BASE METALS AND INDUSTRIAL MINERALS HOLDINGS (PTY)LTD

M2005/015352/07

In Business

9 Years 9 Months

0

No

 

EXXARO

FERROALLOYS

(PTY)LTD

M2004/010253/07

In Business

10 Years 10 Months

0

No

 

GLEN DOUGLAS DOLOMITE (PTY)LTD

M1934/005306/07

In Business

80 Years 8 Months

0

No

 

GOLD FIELDS COAL LTD

M1895/001124/06

Deregistration Final

119 Years 11 Months

0

No

 

GOLDEN POND TRADING 434 (PTY)LTD

M2006/000935/07

Deregistration Final

8 Years 8 Months

0

No

 

GRAVELOTTE IRON ORE COMPANY (PTY)LTD

M2004/030071/07

In Business

10 Years 10 Months

0

No

 

INTERNATIONAL ZINC ASSOCIATION SOUTHERN AFRICA

M2002/014530/08

In Business

 

0

No

 

KUSILE PROMOTERS SOUTH AFRICA (PTY)LTD

M1996/005869/07

Deregistration Final

18 Years 6 Months

0

No

 

MAFUBE COAL MINING (PTY)LTD

M2004/017532/07

In Business

10 Years 10 Months

0

No

 

MATLA COAL LTD

M1974/005861/06

Deregistration Final

40 Years 4 Months

0

No

 

MHLATUZE BAY COAL ADMINISTRATORS

M2004/021173/08

In Business

10 Years 10 Months

0

No

 

NCORA QUMANCO PRODUCTION COMPANY LTD

M1997/013880/06

Deregistration Final

17 Years 5 Months

0

No

 

REGBELEG MINERALE

BELEGGINGS

(PTY)LTD

M1981/006688/07

Deregistration Final

33 Years 9 Months

0

No

 

 

RICHARDS BAY COAL TERMINAL COMPANY LTD

1973/014256/06

In Business

41 Years 5 Months

0

No

 

TECHNIBOARD PRODUCTS (PTY)LTD

M1996/016261/07

Provisional Liquidation

18 Years 6 Months

0

Yes

 

TRANTER GOLD (PTY)LTD

M2005/028025/07

In Business

9 Years 9 Months

0

No

 

TRANTER HOLDINGS (PTY)LTD

M2001/028420/07

In Business

13 Years 1 Months

2

No

 

TRANTER PANGEA GOLD INVESTMENTS (PTY)LTD

M2006/009054/07

In Business

8 Years 8 Months

0

No

 

TREFKOR (PTY)LTD

M1970/001774/07

Deregistration Final

44 Years 8 Months

0

No

 

WATERBERG COAL LTD

M1973/005207/06

Deregistration Final

41 Years 5 Months

0

No

 

 


Principal Deeds Information

Property Interests for MXOLISI MGOJO

Title Deed No.

T121511/2004

Erf/Site No.

 

Deeds Office

PRETORIA

Physical Address

37 SHEPHARD BRYANSTON SANDTON

Property Type

Freehold

Extent / Size

2101.0SQM

Purchase Date

2004/05/30

Purchase price

 

% Ownership

0.00

Bond Holder

NEDBANK LTD

Bond Number

B1075182004

Bond Amount

 

Comment

 

 

 

VICTOR CHONCO

 

Surname

CHONCO

First Name

VICTOR

Other Names

SESHI

Marital Status

 

ID Number

5804235563087

Verified ID Number

No

Current Age

55 Years 9 Months

Designation

DIRECTOR

Status

Active

Appointment Date

2006/09/18

Physical Address (at time of Appointment)

945 WAGONWHEEL DR IVAPADRAND PTA 0001

Postal Address

P O BOX 721 WAPADRAND 0050

Current Tel Number

0128073332

Cell number

0795090977

Shareholding/Membership

0.00

 

 

Business Information for VICTOR CHONCO

Principal Current Business Interests

 

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

FUTURA FOOTWEAR LTD

M1931/003340/06

In Business

83 Years 11 Months

0

No

 

GAMBUSHE

INVESTMENTS

(PTY)LTD

M2004/033418/07

In Business

10 Years 10 Months

0

No

 

MAGNA FS

BUSINESS AND

SYSTEM

DEVELOPMENT

(PTY)LTD

M2005/005462/07

In Business

9 Years 9 Months

0

No

 

PRISTENE HEALTH

SERVICES

(PTY)LTD

K2012/092814/07

In Business

2 Years 2 Months

0

No

 

ROMAN PROTECTION SOLUTIONS CC

B2000/043589/23

In Business

14 Years 2 Months

0

No

 

ROMAN

TECHNOLOGIES CC

B1997/067313/23

In Business

17 Years 5 Months

0

No

 

SETHABA

INVESTMENTS

(PTY)LTD

M2004/031441/07

In Business

10 Years 10 Months

0

No

 

UNICENTRIX (PTY)LTD

M2010/007324/07

In Business

4 Years 4 Months

0

No

 

ZINOJU MANDLAKAZI COLLIERY (PTY)LTD

M2005/021791/07

In Business

9 Years 9 Months

0

No

 

 

Principal Previous Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

CAPITAL OPTIONS (PTY)LTD

M1997/009480/07

In Liquidation

17 Years 5 Months

0

Yes

 

CAVERSHAM

INVESTMENTS

(PTY)LTD

M2005/013881/07

In Business

9 Years 9 Months

0

No

 

DENEL

M1992/001337/30

In Business

22 Years 10 Months

0

No

 

DENEL (PTY)LTD

M1992/001337/07

In Business

22 Years 10 Months

0

No

 

DUVEST FIFTEEN (PTY)LTD

M1998/004943/07

Deregistration Final

16 Years 4 Months

0

No

 

 

DYNAMIC FIBRE PRODUCTS (PTY)LTD

M1988/005235/07

Deregistration Final

26 Years 2 Months

0

No

 

ELEXIR SOFTWARE HOLDINGS (PTY)LTD

M1998/014750/07

Dissolved

16 Years 4 Months

0

No

 

FI FUNDING AND INVESTMENTS HOLDCO (PTY)LTD

M1996/010795/07

In Business

18 Years 6 Months

0

No

 

GONDWANA TELECOMMUNICATION S (PTY)LTD

M2002/007333/07

Deregistration Final

 

0

No

 

MAGNA AFRICA

BUSINESS

DEVELOPMENT AND

OUTSOURCE

(PTY)LTD

M2003/018056/07

In Business

11 Years 11 Months

0

No

 

MAZAKHELE INVESTMENT HOLDINGS (PTY)LTD

M2003/025712/07

In Business

11 Years 11 Months

0

No

 

METTLE LTD

1996/010795/06

In Business

18 Years 6 Months

0

No

 

PSV HOLDINGS LTD

M1998/004365/06

In Business

16 Years 4 Months

0

No

 

QUICKVEST 437 (PTY)LTD

M2007/004441/07

In Business

7 Years 7 Months

0

No

 

RITSKOR NINE (PTY)LTD

M1998/001089/07

Deregistration Final

16 Years 4 Months

0

No

 

SASOL OIL (PTY)LTD

M1981/007622/07

In Business

33 Years 9 Months

0

No

 

SETHABA HOLDINGS LTD

M1998/019578/06

Deregistration Final

16 Years 4 Months

0

No

 

SETHABA POWER (PTY)LTD

M2005/031239/07

Deregistration Final

9 Years 9 Months

0

No

 

SETHABILE

INVESTMENTS

(PTY)LTD

M2004/032073/07

Deregistration Final

10 Years 10 Months

0

No

 

SPECIALISED PROTEIN PRODUCTS (PTY)LTD

M1997/010298/07

Deregistration Process

17 Years 5 Months

0

No

 

T E C ELECTRICAL AND POWER (PTY)LTD

M1982/005803/07

Deregistration Final

32 Years 8 Months

1

No

 

TALKEAZY (PTY)LTD

M2002/008370/07

Deregistration Final

 

0

No

 

THE PETROLEUM OIL

AND GAS

CORPORATION OF

SOUTH AFRICA

(PTY)LTD

M1970/008130/07

In Business

44 Years 8 Months

0

No

 

THEKWINI ELECTRICAL AND POWER (PTY)LTD

M1983/010254/07

In Liquidation

31 Years 7 Months

0

Yes

 

ZINOJU COAL (PTY)LTD

M2001/011130/07

In Business

13 Years 1 Months

0

No

 

 

Principal Deeds Information

 

Title Deed No.

TF23120/2008

Erf/Site No.

 

Deeds Office

PIETERMARITZBURG

Physical Address

D51 MNGADI EDENDALE A PIETERMARITZBURG

Property Type

Freehold

Extent / Size

544.0SQM

Purchase Date

 

Purchase price

 

% Ownership

0.00

Bond Holder

CONCO THANDI FRANCES

Bond Number

VA18152008

Bond Amount

 

Comment

 

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.48

UK Pound

1

Rs.102.95

Euro

1

Rs.84.60

 

 

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.