MIRA INFORM REPORT

Report Date :

22.05.2014

IDENTIFICATION DETAILS

Name :	AKTIEBOLAGET SANDVIK PROCESS SYSTEMS

Registered Office :	C/O Sandvik Ab, , 81181 Sandviken

Country :	Sweden

Financials (as on) :	2012

Date of Incorporation :	23.11.1987

Com. Reg. No.:	5563122992

Legal Form :	Limited liability company

Line of Business :	Cold forming or folding The Subject will manufacture and sell conveyor belts and conveyors together with relevant accessories, and conduct other related business.

No. of Employees	Not Available

RATING & COMMENTS

MIRA’s Rating :

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 31^st, 2014

Country Name

Previous Rating

(30.09.2013)

Current Rating

(01.12.2013)

Sweden

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

SWEDEN - ECONOMIC OVERVIEW

Aided by peace and neutrality for the whole of the 20th century, Sweden has achieved an enviable standard of living under a mixed system of high-tech capitalism and extensive welfare benefits. It has a modern distribution system, excellent internal and external communications, and a highly skilled labor force. In September 2003, Swedish voters turned down entry into the euro system concerned about the impact on the economy and sovereignty. Timber, hydropower, and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. Privately owned firms account for vast majority of industrial output, of which the engineering sector accounts for about 50% of output and exports. Agriculture accounts for little more than 1% of GDP and of employment. Until 2008, Sweden was in the midst of a sustained economic upswing, boosted by increased domestic demand and strong exports. This, and robust finances, offered the center-right government considerable scope to implement its reform program aimed at increasing employment, reducing welfare dependence, and streamlining the state's role in the economy. Despite strong finances and underlying fundamentals, the Swedish economy slid into recession in the third quarter of 2008 and the contraction continued in 2009 as deteriorating global conditions reduced export demand and consumption. Strong exports of commodities and a return to profitability by Sweden's banking sector drove a rebound in 2010, but growth slipped in 2013, as a result of continued economic weakness in the EU - Sweden’s main export market.

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Company Summary

Business Name	AKTIEBOLAGET SANDVIK PROCESS SYSTEMS
Country	SWEDEN
Company Registration Number	5563122992
Main Activity	Cold forming or folding
Activity Code	24330
Company Status	Commission
Latest Turnover Figure	-
Latest Shareholder Equity Figure	100.000

Basic Information
Business Name	Aktiebolaget Sandvik Process Systems
Registered Company Name	Aktiebolaget Sandvik Process Systems
Company Registration Number	5563122992
Country	SWEDEN
VAT Registration Number
Date of Company Registration	23/11/1987
Legal Form	Limited liability company
Company Status	Commission
Currency of this Report	SEK
Principal Activity Description	The company will manufacture and sell conveyor belts and conveyors together with relevant accessories, and conduct other related business.
Contact Address	C/O Sandvik AB, , 81181 SANDVIKEN
Contact Telephone Number	026-265600

Activities
Activity Code	Activity Description
24330	Cold forming or folding

Main Address
Address	Country	Telephone
C/O Sandvik AB, , 81181 SANDVIKEN	SWEDEN	026-265600

Other Address
Address	Country
No other addresses for this company.

Email Addresses

No information for this company.

Web Pages

www.processsystems.sandvik.com

Share Capital Structure

DIRECTORS/MANAGEMENT

Current Directors
Name	Appointment Date	Position
Lars Tomas Niklas Nordahl	22/02/2013	Actual Member of Board
Per Henrik Furhoff	07/05/2012	Actual Member of Board
Karl Peter Hammarberg	13/09/2013	Actual Member of Board
Kjell Fredrik Söderberg	13/05/2014	Actual Member of Board
Linda Jessica Persson	07/05/2012	Actual Member of Board
Patrik Wolfgang Hertel	31/05/2000	Actual Member of Board
Ulf Arvid Svantesson Rolander	07/05/2012	Actual Member of Board
Bo Martin Leppäkorpi	04/09/2012	Substitute
Sten Åke Jörgen Lindgren	04/09/2012	Substitute

Previous Directors
Name	Appointment Date	Position	Resignation Date
Jan Åke Öhman	30/03/2007	Actual Member of Board
Robert Louis Stivale	02/07/2010	Actual Member of Board
Rolf Peter Damberg	07/05/2012	Actual Member of Board
Anders Gösta Thelin	07/05/2012	Actual Member of Board
Bror Jimmy Bergsman	06/07/1994	Actual Member of Board
Mats Erik Engblom	05/11/2004	Actual Member of Board
Mats Erik Gunnarsson	02/09/2011	Actual Member of Board
Jonas Mikael Gustavsson	02/09/2011	Actual Member of Board
Gustaf Mårten Thorolf Hedborg	31/05/2000	Substitute
Linda Jessica Persson	02/09/2011	Substitute
Adrianus Willem Raatgeep	02/09/2011	Actual Member of Board
Lena Elisabeth Berg	29/07/2008	Actual Member of Board
Göran Arnfinn Fredriksson	29/07/2008	Actual Member of Board
Peter Gossas	31/10/2003	Chairman of Board
Hans Bertil Wängelin	29/07/2008	Substitute
Leif Göran Berg	29/07/2008	Actual Member of Board

NEGATIVE INFORMATION

Debt balance at the Swedish Enforcement Agency
Number of Private Claims	-
Balance of Private Claims	-
Number of Public Claims	-
Balance of Public Claims	-
Total Balance	-

Record of non-payment
Number of distraint attempts and repossessions	-
Number of public claims	-
Number of private claims	-
Number of applications for an order to pay	1
Number of reclaimed/revoked applications	1

SHARE & SHARE CAPITAL INFORMATION

Issued Share Capital

100.000

PAYMENT INFORMATION

GROUP STRUCTURE & AFFILIATED COMPANIES

Extended Group Structure

Company Name	Country	Number	Latest Annual Accounts
0Sandvik Aktiebolag	SE	5560003468	31/12/2012
1AB Sandvik Construction Segment	SE	5566596952	31/12/2012
1AB Sandvik Skogsfastigheter	SE	5565795464	31/12/2012
1Aktiebolaget ASCET	SE	5562850882	31/12/2012
1Aktiebolaget Sandvik Antenn	SE	5563507895	31/12/2012
1Aktiebolaget Sandvik Automation	SE	5560524315	31/12/2012
1Aktiebolaget Sandvik Belts	SE	5560419680	31/12/2012
1Aktiebolaget Sandvik Bruket	SE	5560285784	31/12/2012
2Sandvik Intellectual Property B.V.	NL	243685890000	31/12/2011
1Aktiebolaget Sandvik Coromant	SE	5562346865	31/12/2012
1Aktiebolaget Sandvik Falken	SE	5563307791	31/12/2012
1Sandvik Hyperion AB	SE	5562346857	31/12/2012
1Aktiebolaget Sandvik International	SE	5561472977	31/12/2012
1Aktiebolaget Sandvik Klangberget	SE	5561356857	31/12/2012
1Aktiebolaget Sandvik Materials Technology	SE	5562346832	31/12/2012
1Aktiebolaget Sandvik Process Systems	SE	5563122992	31/12/2012
1Aktiebolaget Sandvik Rock Tools	SE	5560814328	31/12/2012
1Aktiebolaget Sandvik Service	SE	5562348010	31/12/2012
1Aktiebolaget Sandvik Steel Investment	SE	5563507853	31/12/2012
1Aktiebolaget Sandvik Tranan	SE	5563307817	31/12/2012
1Aktiebolaget Sandvik Vallhoven	SE	5562729680	31/12/2012
1Aktiebolaget Sandvik Västberga Service	SE	5563566933	31/12/2012
1Aktiebolaget Sandvik Örnen	SE	5563307783	31/12/2012
2Aktiebolaget Sandvik Teknik	SE	5563507929	31/12/2012
3AB Sandvik KPS	SE	5563507838	31/12/2012
1Aktiebolaget Trellbo	SE	5562516780	31/12/2012
1C.O. Öberg & Co:s Aktiebolag	SE	5561121186	31/12/2012
1Dormer Tools Sa	BR
1Dropler High Tech Aktiebolag	SE	5563320380	31/12/2012
1Elasis Svenska Aktiebolag	SE	5563078947	31/12/2012
1Gimo Utbildningsaktiebolag	SE	5560614041	31/12/2012
2Gimo Verkstadsteknik Aktiebolag	SE	5563004109	31/12/2012
1Gusab Holding Aktiebolag	SE	5560019290	31/12/2012
1Gusab Stainless Aktiebolag	SE	5560121138	31/12/2012
1Industri Aktiebolaget Skomab	SE	5560088345	31/12/2012
2Llc Omega	RU
2Mktc	RU
2Sandvik Mining And Construction Cis Llc	RU
1Malcus Aktiebolag	SE	5563507903	31/12/2012
1Rammer Svenska Aktiebolag	SE	5562494004	31/12/2012
1Sandvik Ae Tools And Materials	GR
1Sandvik Australia Ltd Partnership	AU
1Sandvik Bulgaria Ltd	BG
1Sandvik China Holding Co Ltd	CN
1Sandvik Communication AB	SE	5562575752	31/12/2012
1Sandvik Coromant Sverige AB	SE	5563507846	31/12/2012
1Sandvik Credit Chile Sa	CL
1Sandvik Cz Sro	CZ
1Sandvik Del Peru Sa	PE
1Sandvik Do Brasil Sa	BR
1Sandvik Endustriyel Mamuller Snayi Ve Ticaret	TR
1Sandvik Export Assistance Aktiebolag	SE	5560613746	31/12/2012
1Sandvik Far East Ltd, Aktiebolag	SE	5560437781	31/12/2012
1Sandvik Finance B.V.	NL	242413180000	31/12/2012
2Aktiebolaget Hedgrind	SE	5562698406	31/12/2012
2Sandvik Invest Aktiebolag	SE	5560206517	31/12/2012
3Sandvik Heating Technology AB	SE	5564425576	31/12/2012
4Kanthal Electroheat (Sea) Pte Ltd	SG
3Sandvik Mining and Construction Oy	FI	2852	31/12/2012
3Seco Tools Aktiebolag	SE	5560711060	31/12/2012
4Jabro Tools B.V.	NL	120162180000	31/12/2012
4Pramet Scandinavia AB	SE	5560322991	31/12/2012
5Pramet Tools Sro	CZ
6Parmet Industria E Comercio De Ferramentas Ltd	BR
6Parmet Tools India Pvt Ltd	IN
6Pramet GmbH	DE	HRB 8627	31/12/2012
6Pramet Kft	HU
6Pramet Slovakia Sro	SK
6Pramet Sp Zoo	PL
6Pramet S.R.L.	IT	03479650966	31/12/2013
4Seco Tools Benelux SA	BE	414389146	31/12/2012
4Seco Aktiebolag	SE	5563307833	31/12/2012
4Seco Holding Co Inc	US
4Seco Logistics (Shanghai) Co Ltd	CN
4Seco Ressources Et Finances Sa	FR	429837172	31/12/2012
4Seco Tools (Poland) Sp Zoo	PL
4Seco Tools (Sea) Pte Ltd	SG
4Seco Tools (Shanghai) Co Ltd	CN
4Seco Tools (U.K.) Limited	GB	01151087	31/12/2012
4Seco Tools A/S	DK
4Seco Tools As	NO	952426818	31/12/2012
4Seco Tools AG	CH	CHE102651982
4Seco Tools Argentina Sa	AR
4Seco Tools As	TR
4Seco Tools Australia Pty Ltd	AU
4Seco Tools Canada Inc	CA
4Seco Tools Cz Sro	CZ
4Seco Tools De Mexico Sa De Cv	MX
4Seco Tools España	ES	A08879298	31/12/2012
4Seco Tools Ges Mbh	AT
4Seco Tools Gmbh	DE
4Seco Tools India (P) Ltd	IN
4Seco Tools Industria E Comercio Ltda	BR
4Seco Tools Italia S.P.A.	IT	00227250131	31/12/2012
4Seco Tools Japan Kk	JP
4Seco Tools Kft	HU
4Seco Tools Korea Ltd	KR
4Seco Tools Manufacturing (Shanghai) Co Ltd	CN
4Seco Tools Ooo	RU
4Seco Tools Oy	FI	17910270	31/12/2012
4Seco Tools Portugal Lda	PT
4Seco Tools Romania Srl	RO
4Seco Tools Si Doo	SI
4Seco Tools Sk Sro	SK
4Seco Tools South Africa (Pty) Ltd	ZA
4Seco Tools Srb Doo	RS
4Seco Tools Ukraine Ltd	UA
4Stair Aktiebolag	SE	5563307742	31/12/2012
3Swedish Remedy Holding AB	SE	5566102868	31/12/2012
4Sandvik SRP (Arbrå) AB	SE	5561111732	31/12/2012
4Sandvik SRP AB	SE	5560130535	31/12/2012
3Wolfram Bergbau Und Hutten Ag	AT
2Sandvik PT Aktiebolag	SE	5562075191	31/12/2012
3Sandvik Chomutov Precision Tubes Sro	CZ
1SANDVIK FÖRSÄKRINGS AB	SE	5164016742
1Sandvik Hard Materials Norden Aktiebolag	SE	5560691619	31/12/2012
1Sandvik Besöksservice AB	SE	5562353838	31/12/2012
1Sandvik Intellectual Property Aktiebolag	SE	5562889401	31/12/2012
1Sandvik IT Services AB	SE	5567889059	31/12/2012
1Sandvik Kenya Ltd	KE
1Sandvik Kk	JP
1Sandvik Korea Ltd	KR
1Sandvik Magyarorszag Kft	HU
1Sandvik Materials Technology Do Brasil Sa	BR
1Sandvik Materials Technology EMEA AB	SE	5567342026	31/12/2012
1Sandvik Materials Technology Gmbh	DE
1Sandvik Mexicana Sa De Cv	MX
1Sandvik Mgs Sa	BR
1Sandvik Middle East Fze	AE
1Sandvik Mining & Construction Do Brasil Sa	BR
1Sandvik Construction AB	SE	5566649983	31/12/2012
1Sandvik Mining And Construction Drc Sprl	CG
1Sandvik Mining and Construction Köping AB	SE	5567769525	31/12/2012
1Sandvik Mining And Construction Logistics Ltd	IN
1Sandvik Mining And Construction Mali	ML
1Sandvik Mining and Construction Sverige AB	SE	5562889443	31/12/2012
1Sandvik Mining and Construction Tools AB	SE	5562347343	31/12/2012
1Sandvik Mining And Construction Zimbabwe (Pty) L	ZW
1Sandvik Mongolia Llc	MN
1Sandvik Nora Aktiebolag	SE	5560750506	31/12/2012
1Sandvik Polska Sp Zoo	FI
1Sandvik Powder Solutions AB	SE	5560326760	31/12/2012
1Sandvik Rotary Tools Aktiebolag	SE	5561918920	31/12/2012
2Sandvik Rotary Tools South Africa Pty Ltd	ZA
1Sandvik Slovakia Sro	SK
1Sandvik Stål Försäljnings Aktiebolag	SE	5562515386	31/12/2012
1Sandvik Systems Development Aktiebolag	SE	5564074184	31/12/2012
1Sanrip AB	SE	5566920038	31/12/2012
1Sandvik Machining Solutions AB	SE	5566920053	31/12/2012
1Sandvik Utbildningsaktiebolag	SE	5563048791	31/12/2012
1Sandvik Västanbyn AB	SE	5565908075	31/12/2012
1Sandvik Örebro Aktiebolag	SE	5562327949	31/12/2012
2Fastighetsaktiebolaget Sandvik Gjuteriet 20	SE	5561815571	31/12/2012
1Sandvikens Brukspersonals Byggnadsförening U.P.A.	SE	7855001686
1Sanfinanz AG in Liquidation	CH	CHE100303145
1Scandinavian Handtools Aktiebolag	SE	5560935875	31/12/2012
1Steebide International Aktiebolag	SE	5560483405	31/12/2012
1Dormer Tools Aktiebolag	SE	5562408210	31/12/2012
1Walter Norden AB	SE	5567524698	31/12/2012
1Wire Sandviken AB	SE	5567793897	31/12/2012
1Tamrock Svenska Aktiebolag	SE	5561891085	31/12/2012
1Sandvik Venture AB	SE	5568687155	31/12/2012

FINANCIAL INFORMATION

Profit and Loss
Financial Year	2012	2011	2010
Number of Weeks	52	52	52
Currency	SEK	SEK	SEK
Consolidated Accounts	N	N	N
Revenue	-	-	-
Operating Costs	-	-	-
Operating Profit	-	-	-
Wages & Salaries	-	-	-
Depreciation	-	-	-
Financial Income	-	-	-
Financial Expenses	-	-	-
Extraordinary Income	-	-	-
Extraordinary Costs	-	-	-
Profit before Tax	-	-	-
Tax	-	-	-
Profit after Tax	-	-	-
Minority Interests	-	-	-
Other Appropriations	-	-	-
Retained Profit	-	-	-

Balance Sheet
Financial Year	2012	2011	2010
Number of Weeks	52	52	52
Currency	SEK	SEK	SEK
Consolidated Accounts	N	N	N
Land & Buildings	0	0	0
Plant & Machinery	0	0	0
Other Tangible Assets	0	0	0
Total Tangible Assets	0	0	0
Goodwill	0	0	0
Other Intangible Assets	0	0	0
Total Intangible Assets	0	0	0
Loans To Group	0	0	0
Other Loans	0	0	0
Miscellaneous Fixed Assets	0	0	0
Total Other Fixed Assets	0	0	0
TOTAL FIXED ASSETS	0	0	0
Work In Progress	0	0	0
Other Inventories	0	0	0
Total Inventories	0	0	0
Trade Receivables	0	0	0
Group Receivables	100.000	100.000	100.000
Miscellaneous Receivables	0	0	0
Total Receivables	100.000	100.000	100.000
Cash	0	0	0
Other Current Assets	0	0	0
TOTAL CURRENT ASSETS	100.000	100.000	100.000
TOTAL ASSETS	100.000	100.000	100.000
Trade Payables	0	0	0
Bank Liabilities	0	0	0
Group Payables	0	0	0
Miscellaneous Liabilities	0	0	0
TOTAL CURRENT LIABILITIES	0	0	0
Bank Liabilities Due After 1 Year	0	0	0
Other Loans Or Finance Due After 1 Year	0	0	0
Group Payables After 1 Year	0	0	0
Miscellaneous Liabilities Due After 1 Year	0	0	0
TOTAL LONG TERM LIABILITIES	0	0	0
TOTAL LIABILITIES	0	0	0
Called Up Share Capital	100.000	100.000	100.000
Share Premium	0	0	0
Revenue Reserves	0	0	0
Other Reserves	0	0	0
TOTAL SHAREHOLDERS EQUITY	100.000	100.000	100.000

Other Financials
Contingent Liabilities	0	0	0
Working Capital	100.000	100.000	100.000
Net Worth	100.000	100.000	100.000

Ratios
Pre-Tax Profit Margin
Return On Capital Employed
Return On Total Assets Employed
Return On Net Assets Employed
Sales/Net Working Capital	0.00	0.00	0.00
Stock Turnover Ratio
Debtor Days
Creditor Days
Current Ratio
Liquidity Ratio/Acid Test
Current Debt Ratio	0.00	0.00	0.00
Gearing
Equity In Percentage	100.00 %	100.00 %	100.00 %
Total Debt Ratio	0.00	0.00	0.00

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

Employee Information
Year	Number of Employees
2012	0
2011	0
2010	0
2009	0
2008	0
Advisors
Auditor Name		KPMG AB

Tax Registrations
Registered for FTax	Yes
Registered for VAT	No
Registered for Employee Tax	Yes

Certificates
Type	Category	Issuer
No certificate information for this company.

Industry Comparison
Activity Code	24330
Activity Description	Cold forming or folding
Industry Average Credit Rating	84 (1 - 100)
Industry Average Credit Limit	3.000.000

Event History
Event Date	Event Description
14/05/2014	Company representatives, changed
14/05/2014	Authorised signatories amended or new/amended vacancy text
02/10/2013	Group Structure Change
25/09/2013	Group Structure Change
14/09/2013	Authorised signatories amended or new/amended vacancy text
14/09/2013	Company representatives, changed
06/09/2013	Group Structure Change
05/09/2013	Group Structure Change
30/08/2013	Group Structure Change
28/08/2013	Group Structure Change
26/08/2013	Group Structure Change
19/08/2013	Group Structure Change
16/08/2013	Group Structure Change
15/08/2013	Group Structure Change
14/08/2013	Group Structure Change
13/08/2013	Group Structure Change
12/08/2013	Group Structure Change
08/08/2013	Group Structure Change
07/08/2013	Group Structure Change
06/08/2013	Group Structure Change
05/08/2013	Group Structure Change
31/07/2013	Group Structure Change
30/07/2013	Annual account, new
30/07/2013	Group Structure Change
29/07/2013	Group Structure Change
19/07/2013	Group Structure Change
17/07/2013	Group Structure Change
12/07/2013	Group Structure Change
11/07/2013	Group Structure Change
10/07/2013	Group Structure Change
09/07/2013	Group Structure Change
09/07/2013	Annual report (PDF), new
08/07/2013	Group Structure Change
03/07/2013	Group Structure Change
01/07/2013	Group Structure Change
23/02/2013	Company representatives, changed
23/02/2013	Authorised signatories amended or new/amended vacancy text
05/09/2012	Authorised signatories amended or new/amended vacancy text
05/09/2012	Company representatives, changed
09/08/2012	Annual account, new
19/07/2012	Annual report (PDF), new
08/05/2012	Board, changed
08/05/2012	Authorised signatories amended or new/amended vacancy text
08/05/2012	Company representatives, changed
02/02/2012	Board, changed
02/02/2012	Authorised signatories amended or new/amended vacancy text
02/02/2012	Company representatives, changed
03/09/2011	Board, changed
03/09/2011	Authorised signatories amended or new/amended vacancy text
03/09/2011	Company representatives, changed
29/07/2011	Annual account, new
19/07/2011	Annual report (PDF), new
08/06/2011	Certificate, deregistered
29/03/2011	Phone number, changed
29/07/2010	Annual account, new
09/07/2010	Annual report (PDF), new
03/07/2010	Authorised signatory, changed
03/07/2010	Board, changed
03/07/2010	Company representatives, changed
05/05/2010	Board, changed
19/09/2009	Address, changed
08/06/2009	Annual account, new
01/06/2009	Annual report (PDF), new

NOTES & COMMENTS

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.58.77
UK Pound	1	Rs.99.02
Euro	1	Rs.80.57

INFORMATION DETAILS

Analysis Done by :	SUM

Report Prepared by :	SDA

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.