MIRA INFORM REPORT

 

 

Report Date :

13.09.2014

 

IDENTIFICATION DETAILS

 

Name :

AGRICULTURAL & INDUSTRIAL PARTS CO. LIMITED

 

 

Registered Office :

9 Wassage Way Hampton Lovett Industrial Estate, Droitwich, WR 9 OXN

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.09.2013

 

 

Date of Incorporation :

08.08.2007

 

 

Legal Form :

Private Limited With Share Capital

 

 

Line of Business :

Wholesale of Agricultural Machinery, Equipment and Supplies

 

 

No of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

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

 

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 – June 01, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

C2

Very High Risk

 

D

 

 

UNITED KINGDOM - ECONOMIC OVERVIEW

 

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership. 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, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output. 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. Falling 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 included 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 about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 largely due to 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 £375 billion (approximately $605 billion) as of December 2013. 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, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the second half of the year because of greater consumer spending and a recovering housing market. The budget deficit is falling but remains high at nearly 7% and public debt has continued to increase.

 

Source : CIA

 

 REGISTERED NAME & COMPANY SUMMARY

 

Company Name:                        AGRICULTURAL & INDUSTRIAL PARTS CO. LIMITED

Company No:                            06337626

Company Status:                       Active - Accounts Filed

 

 

Company summary

 

Registered Address:                   9 Wassage Way Hampton Lovett Industrial Estate, Droitwich, WR 9 OXN

Trading Address:                        9 Wassage Way Hampton Lovett Industrial Estate, Droitwich,

Heref & Worce, WR 9 OXN

Website Address:                      http://www.agrin.co.ik

Telephone No.:                          01905795600

TPS:                                         No

FPS:                                         no

Incorporation Date:                     08/08/2007

Type:                                        Private Limited with Share Capital

FTSE Index:                              ---

Filing Date of Accounts:                         27/06/2014

Currency:                                  GBP

Share Capital:                            £ 2,002

SIC07:                                      46610

Principal Activity:                       Wholesale of Agricultural Machinery, Equipment and Supplies

 

 

DIRECTORS/MANAGEMENT

 

CURRENT DIRECTORS

Name

Amanda Jayne Giordano

Date of Birth

25/06/1960

Officers Title

Ms

Nationality

British

Present Appointments

4

Function

Director

Appointment Date

01/01/2008

 

 

Address

Maesmellan, New Radnor, Presteigne, Powys, LD8 2TN

Other Actions

View Director Report

View Consumer Report

View AML Report

 

View Trace Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

John Albert Bence

Date of Birth

11/04/1941

Officers Title

Mr

Nationality

British

Present Appointments

6

Function

Director

Appointment Date

08/08/2007

 

 

Address

25 Oakdene, Ascot, Berkshire, SL5 0BU

Other Actions

View Director Report

View Consumer Report

View AML Report

 

View Trace Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Steven Clive Collins

Date of Birth

12/07/1965

Officers Title

Mr

Nationality

Australian

Present Appointments

2

Function

Director

Appointment Date

01/01/2008

 

 

Address

5 Honeymans Gardens, Droitwich, Worcestershire, WR9 9AD

 

CURRENT COMPANY SECRETARY

Name

Amanda Jayne Giordano

Date of Birth

25/06/1960

Officers Title

Ms

Nationality

British

Present Appointments

4

Function

Company Secretary

Appointment Date

01/12/2007

 

 

Address

Maesmellan, New Radnor, Presteigne, Powys, LD8 2TN

 

 

PREVIOUS DIRECTOR/COMPANY SECRETARIES

Name

Current Directorships

Previous Directorships

OAKLEY SECRETARIAL SERVICES LIMITED

125

501

Marcia Jean Ann Bence

0

2

Marcia Jean Ann Bence

0

2

 

 

NEGATIVE INFORMATION

 

Mortgage Summary

Total Mortgage                                       6

Outstanding                                           5

Satisfied                                                1

 

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

No CCJs found

 

Possible CCJs Details

There are no possible CCJ details

 

Writ Details

No writs found

 

Mortgage Details

Mortgage Type:

LEGAL ASSIGNMENT

Date Charge Created:

17/08/11

 

 

Date Charge Registered:

18/08/11

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

HSBC BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

ANY CREDIT BALANCE DUE UNDER THE CONTRACT (THE CONTRACT MONIES)

                                                    

 

Mortgage Type:

FIXED CHARGE ON PURCHASED DEBTS WHICH FAIL TO VEST

Date Charge Created:

13/07/11

 

 

Date Charge Registered:

15/07/11

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

HSBC INVOICE FINANCE (UK) LTD (THE SECURITY HOLDER)

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

BY WAY OF FIXED EQUITABLE CHARGE ALL DEBTS PURCHASED OR PURPORTED TO BE PURCHASED BY THE SECURITY HOLDER PURSUANT TO ANAGREEMENT FOR THE PURCHASE OF DEBTS BETWEEN THE SECURITY HOLDER AND THE COMPANY(INCLUDING ASSOCIATED RIGHTS RELATING THERETO) WHICH FAIL TO VEST EFFECTIVELY OR ABSOLUTELY IN THE SECURITY HOLDER FOR ANY REASON

                                                    

 

Mortgage Type:

FLOATING CHARGE (ALL ASSETS)

Date Charge Created:

13/07/11

 

 

Date Charge Registered:

15/07/11

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

HSBC INVOICE FINANCE (UK) LTD (THE SECURITY HOLDER)

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

BY WAY OF FLOATING CHARGE ALL THE UNDERTAKING OF THE COMPANY AND ALL ASSETS WHATSOEVER AND WHERESOEVER INCLUDING STOCK IN TRADE AND UNCALLED CAPITAL BUT EXCLUDING ANY DEBTS AND ASSOCIATED RIGHTS RELATING THERETO

                                                    

 

Mortgage Type:

DEBENTURE

Date Charge Created:

27/06/11

 

 

Date Charge Registered:

29/06/11

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

HSBC BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY

 

 

                                                    

 

Mortgage Type:

DEBENTURE

Date Charge Created:

05/01/11

 

 

Date Charge Registered:

08/01/11

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

STARFISH ENTERPRISE S.A.

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE

Details:

FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, PLANT & MACHINERY. SEE IMAGE FOR FULL DETAILS

                                                    

 

Mortgage Type:

DEBENTURE

Date Charge Created:

15/02/08

 

 

Date Charge Registered:

19/02/08

 

 

Date Charge Satisfied:

25/02/12

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

 

Details:

FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT AND MACHINERY

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Year to Date            Turnover           Pre Tax Profit           Shareholder                   Funds Employees

30/09/2013                    -                                   -                       £474,617                            -

30/09/2012                    -                                   -                       £551,186                            -

30/09/2011                    -                                   -                       £373,811                            -

 

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

JOHN ALBERT BENCE

GBP

800

ORDINARY A

1

STEVEN CLIVE COLLINS

GBP

600

ORDINARY A

1

STARFISH ENTERPRISES SA

GBP

400

ORDINARY A

1

AMANDA JAYNE GIORDANO

GBP

200

ORDINARY A

1

STEVEN CLIVE COLLINS

GBP

1

ORDINARY C

0.5

AMANDA JAYNE GIORDANO

GBP

1

ORDINARY D

0.1

JOHN ALBERT BENCE

GBP

1

ORDINARY B

1

Unable to report percentage holdings as filed Shareholder listing is not full.

 

PAYMENT INFORMATION

 

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade                                             0

Total Value of Documented Trade                                                £0

 

 

Trade Payment Information

Average Invoice Value

170.54

Invoices available

29

Paid

25

Outstanding

4

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Previous Company Names

No Previous Names found

 

Statistics

Group

2 companies

Linkages

0 companies

Countries

In 0 countries

 

Summary

Holding Company

AGRICULTURAL & INDUSTRIAL PARTS CO. LIMITED

Ownership Status

Ultimately Owned

Ultimate Holding Company

AGRICULTURAL & INDUSTRIAL PARTS CO. LIMITED

 

Group structure

Company Name

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

AGRICULTURAL & INDUSTRIA...

06337626

30.09.2013

N

 

AGRICULTURAL PARTS AND...

05472624

31.08.2013

N

 

 

 

FINANCIAL INFORMATION

 

PROFIT & LOSS

Date Of Accounts

30/09/13

(%)

30/09/12

(%)

30/09/11

(%)

30/09/10

(%)

30/09/09

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-

-

-

-

-

-

-

-

-

Depreciation

£9,233

22.4%

£7,542

-10.7%

£8,449

8.6%

£7,778

-16.2%

£9,279

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

BALANCE SHEET

Date Of Accounts

30/09/13

(%)

30/09/12

(%)

30/09/11

(%)

30/09/10

(%)

30/09/09

Tangible Assets

£93,704

5.7%

£88,629

-3%

£91,347

38.3%

£66,038

-5.7%

£70,054

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£93,704

5.7%

£88,629

-3%

£91,347

38.3%

£66,038

-5.7%

£70,054

Stock

£1,619,475

-0.1%

£1,621,395

31%

£1,237,505

36.7%

£904,958

32.3%

£683,848

Trade Debtors

£1,506,807

-2.2%

£1,540,867

23.1%

£1,252,128

37.9%

£907,888

83.8%

£493,889

Cash

£211,249

30.3%

£162,087

31.3%

£123,486

541.7%

£19,244

999.9%

£469

Other Debtors

0

-

0

-

0

-

0

-

0

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£3,337,531

0.4%

£3,324,349

27.2%

£2,613,119

42.6%

£1,832,090

55.5%

£1,178,206

Trade Creditors

£1,937,283

1.1%

£1,915,830

64.1%

£1,167,441

101.3%

£579,991

0.7%

£576,176

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

0

-

0

-

0

-

0

-

0

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-

0

Total Current Liabilities

£1,937,283

1.1%

£1,915,830

64.1%

£1,167,441

101.3%

£579,991

0.7%

£576,176

Bank Loans & Overdrafts and LTL

£1,019,335

7.8%

£945,962

-18.7%

£1,163,214

6%

£1,097,196

111%

£520,000

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

£1,019,335

7.8%

£945,962

-18.7%

£1,163,214

6%

£1,097,196

111%

£520,000

 

CAPITAL & RESERVES

Date Of Accounts

30/09/13

(%)

30/09/12

(%)

30/09/11

(%)

30/09/10

(%)

30/09/09

Called Up Share Capital

£2,002

-

£2,002

-

£2,002

-

£2,002

-

£2,002

P & L Account Reserve

£353,015

-17.8%

£429,584

70.3%

£252,209

153.9%

£99,339

225.9%

£30,482

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

£119,600

-

£119,600

-

£119,600

-

£119,600

-

£119,600

Shareholder Funds

£474,617

-13.9%

£551,186

47.5%

£373,811

69.2%

£220,941

45.3%

£152,084

 

OTHER FINANCIAL ITEMS

Date Of Accounts

30/09/13

(%)

30/09/12

(%)

30/09/11

(%)

30/09/10

(%)

30/09/09

Net Worth

£474,617

-13.9%

£551,186

47.5%

£373,811

69.2%

£220,941

45.3%

£152,084

Working Capital

£1,400,248

-0.6%

£1,408,519

-2.6%

£1,445,678

15.5%

£1,252,099

108%

£602,030

Total Assets

£3,431,235

0.5%

£3,412,978

26.2%

£2,704,466

42.5%

£1,898,128

52.1%

£1,248,260

Total Liabilities

£2,956,618

3.3%

£2,861,792

22.8%

£2,330,655

39%

£1,677,187

53%

£1,096,176

Net Assets

£474,617

-13.9%

£551,186

47.5%

£373,811

69.2%

£220,941

45.3%

£152,084

 

CASH FLOW

Date Of Accounts

30/09/13

(%)

30/09/12

(%)

30/09/11

(%)

30/09/10

(%)

30/09/09

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

 

MISCELLANEOUS

Date Of Accounts

30/09/13

(%)

30/09/12

(%)

30/09/11

(%)

30/09/10

(%)

30/09/09

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£1,493,952

-0.2%

£1,497,148

-2.6%

£1,537,025

16.6%

£1,318,137

96.1%

£672,084

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

 

Auditor Comments

The company is exempt from audit

Bankers

 

Bank Branch Code

 

 

 

 

 

 

 

 

 

 

 

RATIOS

Date Of Accounts

30/09/13

30/09/12

30/09/11

30/09/10

30/09/09

Pre-tax profit margin %

-

-

-

-

-

Current ratio

1.72

1.74

2.24

3.16

2.04

Sales/Net Working Capital

-

-

-

-

-

Gearing %

214.80

171.60

311.20

496.60

341.90

Equity in %

13.80

16.10

13.80

11.60

12.20

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

0.88

0.88

1.17

1.59

0.85

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

4.08

3.47

3.12

2.62

3.78

Total Debt Ratio

6.22

5.19

6.23

7.59

7.20

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

 

FOREIGN EXCHANGE RATES

 

N/A

 

ADDITIONAL INFORMATION

 

STATUS HISTORY

No Status History found

 

EVENT HISTORY

Date

Description

13/08/2014

Annual Returns

02/07/2014

New Accounts Filed

13/08/2013

Annual Returns

12/04/2013

New Accounts Filed

12/04/2013

New Accounts Filed

16/08/2012

Annual Returns

23/01/2012

New Accounts Filed

22/08/2011

Annual Returns

07/03/2011

New Accounts Filed

17/08/2010

Annual Returns

08/02/2010

New Accounts Filed

14/08/2009

Annual Returns

19/01/2009

New Company Secretary Ms A.J. Giordano appointed

04/01/2009

New Accounts Filed

16/09/2008

Annual Returns

 

 

NOTES & COMMENTS

 

COMMENTARY

 

Net Worth decreased by 13.9% during the latest trading period.

The movement in accumulated earnings would indicate that the company incurred a loss after tax and other appropriations, including dividends.

There is insufficient data to indicate a change in this company's percentage of sales.

There is insufficient data to indicate a change in this company's pre-tax profit.

The company is exempt from audit.

 

No exact match CCJs are recorded against the company.

A 0.5% growth in Total Assets occurred during the latest trading period.

The company saw an increase in their Cash Balance of 30.3% during the latest trading period.

No recent changes in directorship are recorded.

The company is part of a group.

The company was established over 7 years ago.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.91

UK Pound

1

Rs.98.65

Euro

1

Rs.78.64

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

TPT

 

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

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NB

                                       New Business

 

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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.