MIRA INFORM REPORT

 

 

Report No. :

315200

Report Date :

03.04.2015

 

IDENTIFICATION DETAILS

 

Name :

CHIN MUDRA

 

 

Registered Office :

6 Rue Foch, 77590 Chartrettes

 

 

Country :

France

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

Feb., 2003

 

 

Com. Reg. No.:

445 134 844

 

 

Legal Form :

Simplified Joint Stock Company

 

 

Line of Business :

Retail Sale of Sporting Goods in Specialized Stores.

 

 

No. of Employees :

6 to 9 Employees

 

 

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 :

Slow but correct

 

 

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

France

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

 


 

FRANCE - ECONOMIC OVERVIEW

 

The French economy is diversified across all sectors. The government has partially or fully privatized many large companies, including Air France, France Telecom, Renault, and Thales. However, the government maintains a strong presence in some sectors, particularly power, public transport, and defense industries. With at least 82 million foreign tourists per year, France is the most visited country in the world and maintains the third largest income in the world from tourism. France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that mitigate economic inequality. France's real GDP stagnated in 2012 and 2013. The unemployment rate (including overseas territories) increased from 7.8% in 2008 to 10.2% in 2013. Youth unemployment in metropolitan France decreased from a high of 25.4% in the fourth quarter of 2012 to 22.8% in the fourth quarter of 2013. Lower-than-expected growth and high spending have strained France's public finances. The budget deficit rose sharply from 3.3% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 4.1% of GDP in 2013, while France's public debt rose from 68% of GDP to nearly 94% over the same period. In accordance with its EU obligations, France is targeting a deficit of 3.6% of GDP in 2014 and 2.8% in 2015. The administration of President Francois HOLLANDE has implemented greater state support for employment, the separation of banks' traditional deposit taking and lending activities from more speculative businesses, increasing the top corporate and personal tax rates, including a temporary 75% tax on wages over one million euros, and hiring an additional 60,000 teachers during his five-year term. In January 2014 HOLLANDE proposed a “Responsibility Pact” aimed primarily at lowering labor costs in return for businesses’ commitment to create jobs. Despite stagnant growth and fiscal challenges, France's borrowing costs have declined in recent years because investors remain attracted to the liquidity of France’s bonds.

 

Source : CIA

 

 

 

 


Company Name and address

 

Name

CHIN  MUDRA

 

 

Acronym

-

 

 

Trade  name

CHIN  MUDRA

 

 

Type  of  Establishment

Head  Office

 

 

Postal  Address

CHIN  MUDRA

6 RUE  FOCH

77590 CHARTRETTES

 

 

Telephone

01 64 14 91 72

 

 

Share  Capital

7,600 Euros

 

 

Incorporiation  Date

02/2003

 

 

APE/NAF  Code

4764Z

Nationality

France

Activity  (APE)

Retail sale of sporting goods in specialized stores

Currency

Euros

Formation  Date

01/2003

Last  account  Date

31/12/2013

Deregistration  Date

-

Fax

-

EUR  VAT  Number

FR15445134844

Legal  form

Simplified  joint  stock  company

Court  Registry  Number

20 0 8B01360

RCS  Registration

RCS  Melun  B  445  134  844

Registration  Court

Melun  (77)

 

 

 

 

Key Financials

 

YEAR  TO  DATE

TURNOVER

 

GROSS  OPERATING

SURPLUS

SHAREHOLDER'S  EQUITY  

NET  RESULT

EMPLOYEES

31/12/2013

1,315,140€

 

7.72% Turnover

381,686 €

66,941€

7

31/12/2012

1,172,189€

 

12.88% Turnover

314,745 €

96,735€

-

31/12/2011

921,959€

 

16.51% Turnover

238,010 €

103,882€

-

 

 

Directors

 

Current Directors

1

 

 

Preferential Right

 

This company is not under monitoring

 

 

Establishment Details

 

Type  of  Establishment

Head  Office

Production  Role

-

APE/NAF  Code

4764Z

Activity

Retail sale of sporting goods in specialized stores

Formation  Date

10/2008

Reason  for  Formation

Formation

Closure  Date

-

Reason  for  Closure

-

Reactivation  Date

-

Seasonality

-

Activity  Nature

-

Activity  Location

-

Trading  Address

6 RUE  FOCH

77590 CHARTRETTES

Department

Seine-et-Marne  (77)

 

 

District

2

Location  Surface

-

Status

Economically  active

City

CHARTRETTES

Region

Ile-de-France

Business  Pages  FT®

LECONS  DE  YOGA

Area

05

 

 

Size  of  Urban  Area

-

 

 

Other Establishment(s)

 

Regionality

 

Legal  unit  with  all  establishments  in  same  area

Mono-activity  status

 

Legal  unit  having  all  establishments  with  the  same  main  activity

Branches

 

1 branch  entities  in  this  company

 

Company  Name

Company  Type

APE/NAF 

Code

Activity

City

Post  Code

 

 

 

 

 

 

CHIN  MUDRA

Head  Office

4764Z

de  sport  en  magasin

CHARTRETTES

77590

CHIN  MUDRA

Branch

4764Z

de  sport  en  magasin

AVON

77210

CHIN  MUDRA

Branch

4764Z

de  sport  en  magasin

VAUX  LE  PENIL

77000

 

 

Workforces

 

Workforce  at  address

6 to  9  employees

Company  workforce

6 to  9  employees

 

 

Commentary

 

The comments are ordered according to the class of risk. Companies are compared with regard to other companies of the same type. Thus a positive comment for one category can be negative for another or can change depending on its value. This is a purely statistical decision.

 

·         The ratio total assets to total liabilities is 3.18

The net current assets are 526,557 €

The net turnover is 1,315,140 €

The pre-tax profit is 87,925 €

Industry code with low risk rating

Region code with low risk rating

The company is 12 years old

Workforce size is in the average risk band

The tangible fixed assets are 23,887 €

The financial liabilities are 3,413 €

The receivables value is 26,489 €

The sales to current assets ratio is 2.50

The trade payables value is 42,198 €

The stocks value is 326,279 €

The increase in the gearing percentage over the last two accounting periods is 76 %

The decrease in the return on capital employed over the last two accounting periods is 47 %

The decrease in pre-tax profit over the last two accounting periods is 36 %

The decrease in the pre-tax profit margin over the last two accounting periods is 43 %

 

 

Collective procedures

 

No judgment information for the company

 

 

Preferential rights details and history

 

Status  of  collection

This  company  is  not  under  monitoring

 

 

Group Data

 

No group information available for the company

 

 

Shareholders

 

No Shareholders available for this company

 

 

Linkages

 

No Linkages information available for the company.

 

 

Director(s)

 

Name

Mme.  MONNET  CHRISTINE

 

 

Manager  position

President

Date  of  birth

06/06/1959

Place  of  birth

SAINT-QUENTIN

 

 

Type

Individual

Name  at  birth

 

 

 

Previous Directors

 

Manager  position

Title  and  name

Date  of  Birth/Place  of  Birth

Manager

MME. MONNET CHRISTINE

06/06/1959  -  SAINT  QUENTIN

Manager

Mme.  MONNET  CHRISTINE

06/06/1959  -  SAINT-QUENTIN

President

Mme.  MONNET  CHRISTINE

06/06/1959  -  SAINT-QUENTIN

 

 

Status history

 

No  Status  History

 

 

Recent publications in Gazettes

 

Publication date                                  Gazette Name                          Description

14/09/2014                                            Bodacc B                                  Modification et mutation diverse

77 - SEINE-ET-MARNE

GREFFE DU TRIBUNAL DE COMMERCE DE MELUN

981 - 445 134 844 RCS Melun. CHIN MUDRA. Forme : Société par actions simplifiée. Administration : Président : MONNET Christine modification le 05 Septembre 2014. Activité : .

Commentaires : Modification de la forme juridique. Modification de représentant.

 

06/09/2014                                            Bodacc C                                  Comptes annuels et rapports

77 - SEINE-ET-MARNE

GREFFE DU TRIBUNAL DE COMMERCE DE MELUN

4220 - 445134844 RCS. CHIN MUDRA. Forme : Société à responsabilité limitée. Adresse : 6 rue Foch 77590 Chartrettes. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.

 

05/08/2014                                            JAL                                           Appointment of the social representative

Pays Briard (Le)

Date de décision : 28/07/2014

Société faisant l'objet d'une nomination : 445134844 - CHIN MUDRA, CHIN MUDRA, 6 RUE FOCH, 77590 CHARTRETTES

Nominé : Madame Christine MONNET, 77590 CHARTRETTES

En la fonction de : Président

 

02/09/2013                                                        Bodacc C                      Comptes annuels et rapports

77 - SEINE-ET-MARNE

GREFFE DU TRIBUNAL DE COMMERCE DE MELUN

6217 - 445134844 RCS. CHIN MUDRA. Forme : Société à responsabilité limitée. Adresse : 6 rue Foch 77590 Chartrettes. Commentaires : Comptes annuels et

rapports de l'exercice clos le : 31/12/2012.

 

21/08/2012                                                        Bodacc C                      Comptes annuels et rapports

77 - SEINE-ET-MARNE

GREFFE DU TRIBUNAL DE COMMERCE DE MELUN

5914 - 445134844 RCS. CHIN MUDRA. Forme : Société à responsabilité limitée. Adresse : 6 rue Foch 77590 Chartrettes. Commentaires : Comptes annuels et

rapports de l'exercice clos le : 31/12/2011.

 

03/10/2011                                                        Bodacc C                                  Comptes annuels et rapports

77 - SEINE-ET-MARNE

GREFFE DU TRIBUNAL DE COMMERCE DE MELUN

11154 - 445134844 RCS. CHIN MUDRA. Forme : Société à responsabilité limitée. Adresse : 6 rue Foch 77590 Chartrettes. Commentaires : Comptes annuels et

rapports de l'exercice clos le : 31/12/2010.

 

21/12/2010                                                        Bodacc C                                  Comptes annuels et rapports

77 - SEINE-ET-MARNE

GREFFE DU TRIBUNAL DE COMMERCE DE MELUN

12594 - 445134844 RCS. CHIN MUDRA. Forme : Société à responsabilité limitée. Adresse : 6 rue Foch 77590 Chartrettes. Commentaires : Comptes annuels et

rapports de l'exercice clos le : 31/12/2009.

 

21/12/2009                                                        Bodacc C                                  Comptes annuels et rapports

77 - SEINE-ET-MARNE

GREFFE DU TRIBUNAL DE COMMERCE DE MELUN

10627 - 445134844 RCS. CHIN MUDRA. Forme : Société à responsabilité limitée. Adresse : 6 rue Foch 77590 Chartrettes. Commentaires : Comptes annuels et

rapports de l'exercice clos le : 31/12/2008.

 

13/01/2009                                                        Bodacc A                                  Immatriculation

77 - SEINE-ET-MARNE

GREFFE DU TRIBUNAL DE COMMERCE DE MELUN

1209 - 445 134 844 RCS Melun. CHIN MUDRA. Forme : Société à responsabilité limitée. Administration : Gérant : MONNET Christine. Capital : 7600 EUR.

Adresse : 6 rue Foch, 77590 Chartrettes.

Etablissement : Siège social et établissement principal. Activité : Prestations de services, achat vente création d'accessoires et d'équipements dans le domaine du qi-gong, yoga, tai-chi-shuan, relaxation, méditation, bien-être, confort et soins corporels. Enseigne : CHIN MUDRA. Adresse : 6 rue Foch, 77590 Chartrettes. A dater du : 23/12/2008. Date de commencement de l’activité : 28/12/2005. Descriptif : Immatriculation d'une personne morale suite à transfert de son siege social hors ressort. Société à responsabilité limitée suite transfert du siège dans le ressort avec un gérant Immatriculation d'une personne morale suite à transfert de son siège social hors ressort. Commentaires : Immatriculation d'une personne morale suite à transfert de son siège social. Date d’effet : 15/02/2008.

 

Publication                                                      date Gazette                Name Description

22/10/2008                                                        Bodacc C                                  Comptes annuels et rapports

77 - SEINE-ET-MARNE

GREFFE DU TRIBUNAL DE COMMERCE DE MONTEREAU

9738 - 445134844 RCS. CHIN MUDRA. Forme : Société à responsabilité limitée. Adresse : 4 bis rue Hegesippe 77210 Avon. Commentaires : Comptes annuels

et rapports de l'exercice clos le : 31/12/2007.

 

07/03/2008                                                        Bodacc C                      Comptes annuels et rapports

77 - SEINE-ET-MARNE

GREFFE DU TRIBUNAL DE COMMERCE DE MONTEREAU

8283 - 445134844 RCS. CHIN MUDRA. Forme : Société à responsabilité limitée. Adresse : 4 bis rue Hegesippe 77210 Avon. Commentaires : Comptes annuels

et rapports de l'exercice clos le : 31/12/2006.

 

17/12/2006                                                        Bodacc C                      Avis de dépôt des comptes

6756 - RCS Paris B 445 134 844. RC 03-B 2411. CHIN MUDRA. Forme: S.A.R.L.. Adresse du siège social: 53, R la Fontaine,Paris 16, 75016 Paris 16. Comptes

annuels et rapports de l'exercice clos le: 31 décembre 2005.

 

05/04/2006                                                        Bodacc B                      Modifications et mutations diverses

1883 - RCS B 445 134 844. RC 06-B 112. CHIN MUDRA. Forme : S.A.R.L. Capital : 7 600 euros. Adresse du siège social : 4 bis rue Hégésippe-Moreau, 77210 Avon. Administration : gérant : MONNET (Christine) (Nom d'usage : MONNET). Etablissement principal - Activité : prestations de services, achat, vente, transformation, fabrication de produits dans les domaines du qi-gong, du tai-chichuan, de la méditation, de la relaxation du bien-être, du confort et des soins corporels . Adresse : 4 bis rue Hégésippe-Moreau, 77210 Avon. Commentaires : immatriculation d'une personne morale suite au transfert du siège hors ressort.

Date de début d'activité : 28 décembre 2005.

 

28/01/2006                                                        Bodacc C                      Avis de dépôt des comptes

4035 - RCS Paris B 445 134 844. RC 03-B 2411. CHIN MUDRA. Forme: S.A.R.L.. Adresse du siège social: 53, R la Fontaine,Paris 16, 75016 Paris 16. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.

 

21/02/2003                                                        Bodacc A                      Création d'établissement

RCS Paris B 445134844 RC 03-B 2411 CHIN MUDRA. Forme : S.A.R.L. Capital : 7 600 euros. Activité: prestations de services, achat, vente, transformation, fabrication de produits dans le domaine du qi-gong et du tai-chi-chuan méditation, relaxation, bien-etre, confort et soins corporels. Adresse du siège social : 53 rue la Fontaine, 75016 Paris. Administration : gérant : MONNET ( Christine) Cette société se constitue Date de début d'activité: 23 janvier 2003.

 

 


Company Events History

 

Date

Description

14/09/2014

Bodacc  B:  Various  editing  or  changing

13/09/2014

Consideration  of  a  balance  sheet  that  has  led  to  a  reassessment  of  this 

company's  creditworthiness

06/09/2014

Bodacc  C  :  Deposit  accounts  notice

05/09/2014

Updated  articles  of  association

05/09/2014

New  legal  form  -  new  category

05/09/2014

New  chairman  (CEO,  CoB)

05/09/2014

Minutes  of  general  meeting  of  shareholders

28/07/2014

Update  of  Company  Legal  Form

28/07/2014

Legal  Gazette:  Appointment  of  the  social  representative

23/07/2014

Audit  or  Management  Report

31/12/2013

New  accounts  available

02/09/2013

Bodacc  C  :  Deposit  accounts  notice

23/08/2013

Consideration  of  a  balance  sheet  that  has  led  to  a  reassessment  of  this 

company's  creditworthiness

31/12/2012

Update  of  Company  Workforce

31/12/2012

Update  of  Company  Activity

31/12/2012

New  accounts  available

31/12/2012

Modification  of  Company  Activity

21/08/2012

Bodacc  C  :  Deposit  accounts  notice

11/08/2012

Consideration  of  a  balance  sheet  that  has  led  to  a  reassessment  of  this 

company's  creditworthiness

08/02/2012

Consideration  of  a  balance  sheet  that  has  led  to  a  reassessment  of  this 

company's  creditworthiness

31/12/2011

New  accounts  available

03/10/2011

Bodacc  C  :  Deposit  accounts  notice

31/12/2010

New  accounts  available

21/12/2010

Bodacc  C  :  Deposit  accounts  notice

31/12/2009

New  accounts  available

21/12/2009

Bodacc  C  :  Deposit  accounts  notice

13/01/2009

Bodacc  A  :  Registration

 

 

Date

Description

13/01/2009

New  Bodacc  A  ads  detected

31/12/2008

New  accounts  available

23/12/2008

Minutes  of  general  meeting  of  shareholders

23/12/2008

Minutes  of  general  meeting  of  shareholders

23/12/2008

Registered  office  transferred  inside  jurisdiction  of  the  Commercial  Court

23/12/2008

Registration  after  transfer

23/12/2008

Updated  articles  of  association

23/12/2008

Updated  articles  of  association

23/12/2008

Private  document

22/10/2008

Bodacc  C  :  Deposit  accounts  notice

15/10/2008

Update  of  Company  Head  Office  Identifier

15/10/2008

Transfer  of  Establishment

07/03/2008

Bodacc  C  :  Deposit  accounts  notice

31/12/2007

New  accounts  available

31/12/2006

New  accounts  available

20/02/2006

Updated  articles  of  association

20/02/2006

Registration  after  transfer

20/02/2006

Registered  office  transferred  inside  jurisdiction  of  the  Commercial  Court

20/02/2006

Private  document

20/02/2006

Minutes  of  general  meeting  of  shareholders

20/02/2006

Closing  or  liquidation  balance

31/12/2005

New  accounts  available

31/12/2004

New  accounts  available

10/02/2003

Private  document

10/02/2003

Minutes  of  general  meeting  of  shareholders

10/02/2003

Company  formation

10/02/2003

Articles  of  association

10/02/2003

Appointment/resignation  of  company  officers

 

 

Synthesized Accounts

 

Annual Accounts

 

31/12/2013

31/12/2012

31/12/2011

Account  period

(month)

12

12

12

Account  Type

Simple

Simple

Simple

Date  of  capture

25/08/2014

-

-

Activity  Code

4764Z

4764Z

4764Z

Employees

7

0

0

 

 

Active Account

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR  MEDIAN  2013

Capital  not  called

-

-

-

-

-

0

-

Total  fixed  assets

30,212

-0.7 %

30,420

24.8 %

24,372

60,151

-49.8 %

- Intangible  assets

760

-68.6 %

2,424

0%

0

6,875

-88.9 %

- Tangible  assets

23,887

1.0 %

23,642

18.1 %

20,018

19,955

19.7 %

- Financial  assets

5,565

27.8 %

4,354

0%

4,354

1,800

209.2 %

Net  current  assets

526,557

21.9 %

432,006

8.7 %

397,322

160,146

228.8 %

- Stocks

326,279

37.1 %

237,934

2.8 %

231,544

78,849

313.8 %

- Advanced payments

0

0%

0

0%

0

0

0%

- Receivables

26,489

326.5 %

6,211

-67.2 %

18,918

18,076

46.5 %

- Securities  and  cash

170,615

-8.0 %

185,551

33.8 %

138,630

19,001

797.9 %

- Prepaid  expenses

3,174

37.4 %

2,310

-71.9 %

8,230

665

377.3 %

Accounts of Regulation

-

-

-

-

-

0

-

Total Assets

556,769

20.4%

462,426

9.7%

421,694

257,167

116.5%

 

 

Passive Account

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR  MEDIAN  2013

Shareholder’s Equity

381,686

21.3 %

314,745

32.2 %

238,010

63,732

498.9 %

Share  capital

7,600

0%

7,600

0%

7,600

10,000

-24.0 %

Other  capital

Resources

-

-

-

-

-

0

-

Risk  Provisions

0

0%

0

0%

0

0

0%

Liabilities

175,083

18.6 %

147,680

-19.6 %

183,684

163,191

7.3 %

- Financial  liabilities

3,413

114.0 %

1,595

-74.4 %

6,231

49,951

-93.2 %

- Advanced payments  received

0

0%

0

0%

0

0

0%

- Trade  account

 payables

42,198

33.1 %

31,693

-5.6 %

33,584

33,815

24.8 %

- Tax  and  social liabilities

-

-

-

-

-

28,257

-

- Other  debts  and  fixed  assets  liabilities

129,472

13.2 %

114,392

-20.5 %

143,869

6,644

1848.9 %

Account

regularization

-

-

-

-

-

0

-

Total  liabilities

556,769

20.4 %

462,425

9.7 %

421,694

257,167

116.5 %

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Results

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Sales of Goods

1,315,145

12.2 %

1,172,260

27.1 %

921,962

365,245

260.1 %

Net turnover

1,315,140

12.2 %

1,172,189

27.1 %

921,959

362,204

263.1 %

- of which net export turnover

131,748

305.4 %

32,496

34.3 %

24,202

0

0%

Operating charges

1,225,019

19.1 %

1,028,329

32.6 %

775,535

354,865

245.2 %

Operating profit/loss

90,126

-37.4 %

143,931

-1.7 %

146,427

8,022

1023.6 %

Financial income

0

0%

0

0%

0

14

0%

Financial charges

109

-58.9 %

265

-72.6 %

967

1,619

-93.3 %

Financial profit/loss

-109

58.9 %

-265

72.6 %

-967

-891

87.8 %

Pretax net operating income

90,017

-37.3 %

143,666

-1.2 %

145,460

5,710

1476.6 %

Extraordinary income

315

0%

0

0%

0

38

728.9 %

Extraordinary charges

2,413

-65.5 %

6,986

8524.7 %

81

209

1054.5 %

Extraordinary profit/loss

-2,098

70.0 %

-6,986

-8524.7 %

-81

0

0%

Net result

66,941

-30.8 %

96,735

-6.9 %

103,882

5,672

1080.2 %

 

 

Accounts – Active

 

Simple Account

 

 

31/12/2013

31/12/2012

31/12/2011

Months

12

12

12

 

 

Grand Total - Active account  (I + II)

 

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Grand  Total  (I  +  II)

Net

556,770

20.4 %

462,425

9.7 %

421,693

Gross

110

590,531

21.8 %

484,720

10.9 %

436,946

Amortisation

112

33,762

51.4 %

22,295

46.2 %

15,253

 

 

Active fixed asset (I)

 

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total  Active  fixed asset  (I)

Net

30,212

-0.7 %

30,420

24.8 %

24,372

Gross

044

63,974

21.4 %

52,714

33.0 %

39,625

Amortisation

048

33,762

51.4 %

22,294

46.2 %

15,253

 

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Intangible  assets  -

goodwill

Net

0

0%

0

0%

0

Gross

10

0

0%

0

0%

0

Amortisation

12

0

0%

0

0%

0

Other  intangible  fixed

assets

Net

760

-68.6 %

2,424

0%

0

Gross

14

14,775

36.0 %

10,866

55.2 %

7,000

Amortisation

16

14,015

66.0 %

8,442

20.6 %

7,000

Tangilble  assets

Net

23,887

1.0 %

23,642

18.1 %

20,018

Gross

28

43,634

16.4 %

37,494

32.6 %

28,271

Amortisation 

30

19,747

42.6 %

13,852

67.8 %

8,253

Immobilization

Financial

Net

5,565

27.8 %

4,354

0%

4,354

Gross

40

5,565

27.8 %

4,354

0%

4,354

Accumulated

depreciation

42

0

0%

0

0%

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets (II)

 

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total  assets

Net

526,557

21.9 %

432,006

8.7 %

397,322

Gross

96

526,557

21.9 %

432,006

8.7 %

397,322

Amortisation

98

0

0%

0

0%

0

Raw  materials  stock,

supply,  in  production

Net

0

0%

0

0%

0

Gross

50

0

0%

0

0%

0

Amortisation

52

0

0%

0

0%

0

Goods  for  resale

Net

326,279

37.1 %

237,934

2.8 %

231,544

Gross

60

326,279

37.1 %

237,934

2.8 %

231,544

Amortisation

62

0

0%

0

0%

0

Advance  payments

to  suppliers

Net

0

0%

0

0%

0

Gross

64

0

0%

0

0%

0

Amortisation

66

0

0%

0

0%

0

Trade  accounts

receivable  debtor

Net

177

-64.8 %

503

-40.8 %

849

Gross

68

177

-64.8 %

503

-40.8 %

849

Amortisation

70

0

0%

0

0%

0

Other  debtors

Net

26,312

361.0 %

5,708

-68.4 %

18,069

Gross

72

26,312

361.0 %

5,708

-68.4 %

18,069

Amortisation

74

0

0%

0

0%

0

Investment  securities

Net

0

0%

0

0%

0

Gross

80

0

0%

0

0%

0

Amortisation

82

0

0%

0

0%

0

Cash  and  cash

equivalents

Net

170,615

-8.0 %

185,551

33.8 %

138,630

Gross

84

170,615

-8.0 %

185,551

33.8 %

138,630

Amortisation

86

0

0%

0

0%

0

Cash

88 Net

0

0%

0

0%

0

Prepaid  expenses

Net

3,174

37.4 %

2,310

-71.9 %

8,230

Gross

92

3,174

37.4 %

2,310

-71.9 %

8,230

Amortisation

94

0

0%

0

0%

0

 

 

Accounts – Passive

 

Grand  Total  -  Passive  Accounts  (I  +  II  +  III)

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Grand Total

(I+II+III)

180

556,770

20.4 %

462,425

9.7 %

421,693

 

 

Shareholder Equity (I)

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total Shareholder Equity

142

381,686

21.3 %

314,745

32.2 %

238,010

Equity and shareholders' equity

120

7,600

0%

7,600

0%

7,600

Revaluation differentials

124

0

0%

0

0%

0

Legal reserve

126

760

0%

760

0%

760

Special regulated reserves

130

0

0%

0

0%

0

Other reserves

132

0

0%

0

0%

0

Profits or losses brought forward

134

306,385

46.1 %

209,650

66.7 %

125,768

Profit or loss for the period

136

66,941

-30.8 %

96,735

-6.9 %

103,882

Special tax-allowable reserves

140

0

0%

0

0%

0

Provisions for risks and charges (II)

 

 

31/12/2013

 

31/12/2012

 

31/12/2011

Provisions for

 

 

 

 

 

 

risks and charges (II)

154

0

0%

0

0%

0

 

 

 

 

 

 

 

Liabilities (III)

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total Liabilities

176

175,083

18.6 %

147,680

-19.6 %

183,684

Loans & debts assimilated

156

3,413

114.0 %

1,595

-74.4 %

6,231

Advance payments

 

 

 

 

 

 

received for current

164

0

0%

0

0%

0

orders

 

 

 

 

 

 

Trade accounts payables

166

42,198

33.1 %

31,693

-5.6 %

33,584

Other debts

172

129,472

13.2 %

114,392

-20.5 %

143,869

Other creditors

 

 

 

 

 

 

whose accounts of

associates of the

169

0

0%

0

0%

0

exercise N

 

 

 

 

 

 

Deferred income

174

0

0%

0

0%

0

 

 

 

 

 

 

 

References

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Including Financial assets of -1 year

193

0

0%

0

0%

0

Including debts after one year

197

0

0%

0

0%

0

Including current

 

 

 

 

 

 

accounts receivable

199

0

0%

0

0%

0

Including debts + 1 year

195

0

0%

0

0%

0

Cost of return of capital assets acquired or created during the year

182

0

0%

13,088

59.9 %

8,185

Selling price excluding VAT

capital surrendered during the year

184

0

0%

0

0%

0

 

 

SIMPLIFIED INCOME STATEMENT

 

A  -  Account  result

 

1 -  Operating  result  (I-II)

 

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Operating  result

270

90,126

-37.4 %

143,931

-1.7 %

146,427

 

2 -  Profit  or  loss  (I  +  II  +  IV)  -  Charges  (II  +  V  +  VI  +  VII)

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Profit  or  loss

310

66,941

-30.8 %

96,735

-6.9 %

103,882

 

Operating  income  (I)

 

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

 

 

 

 

 

 

 

Total operating income without VAT (Total I)

232

1,315,145

12.2 %

1,172,260

27.1 %

921,962

Sale of goods for resale

210

1,183,392

9.7 %

1,078,429

29.1 %

835,492

Export

209

0

0%

32,496

34.3 %

24,202

Sale of goods produced

214

0

0%

0

0%

0

Export

215

0

0%

0

0%

0

Sale of services

218

131,748

40.5 %

93,760

8.4 %

86,467

Export

217

131,748

0%

0

0%

0

Stocked productions

222

0

0%

0

0%

0

Self-constructed assets

224

0

0%

0

0%

0

Operating grants

226

0

0%

0

0%

0

Other Income

230

5

-93.0 %

71

2266.7 %

3

 

 

Operating  charges  (II)

 

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total Operating Charges (Total II)

264

1,225,019

19.1 %

1,028,329

32.6 %

775,535

Purchase  of  goods for resale (including customs duties)

234

481,139

34.1 %

358,828

17.8 %

304,541

Change in stocks of goods for resale

236

-88,345

-1282.6 %

-6,390

94.9 %

-125,548

Purchase of raw materials (including

238

106,400

30.6 %

81,457

16.2 %

70,112

customs duties)

 

 

 

 

 

 

Change in stocks of raw materials

240

0

0%

0

0%

0

Other external purchases and charges

242

392,536

19.3 %

328,952

13.8 %

288,947

Includes lease -furniture

242_2

0

0%

0

0%

0

Includes lease - real estate

242_1

6,313

0%

0

0%

0

Tax, duty and similar payments

244

7,185

31.7 %

5,455

198.4 %

1,828

Including business

tax

243

684

-27.7 %

946

140.1 %

394

Payroll

250

226,589

23.9 %

182,854

10.1 %

166,018

Social security costs

252

88,044

25.6 %

70,095

9.8 %

63,852

Depreciation

254

11,467

62.9 %

7,041

56.9 %

4,488

Provisions

256

0

0%

0

0%

0

Other charges

262

4

-89.2 %

37

-97.1 %

1,297

 Including provisions for tax settlements abroad

259

0

0%

0

0%

0

 

 

 

 

 

 

 

Products and various charges (III to VII)

 

 

 

 

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Financial Products (Total III)

280

0

0%

0

0%

0

Extraordinary income (Total IV)

290

315

0%

0

0%

0

Financial charges (Total V)

294

109

-58.9 %

265

-72.6 %

967

Extraordinary charges (Total VI)

300

2,413

-65.5 %

6,986

8524.7 %

81

Income taxes (Total

VII)

306

20,984

-47.5 %

39,945

-3.7 %

41,498

B - Taxable income

 

 

 

 

 

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Compensation and

 

 

 

 

 

 

benefits non- deductible personal

316

0

0%

0

0%

0

Amount VAT collected

374

275,019

0%

0

0%

154,653

Deductible VAT on goods and services

378

138,926

0%

0

0%

76,164

Average number of employees

376

7

0%

0

0%

0

 

 

Other incomes tax return forms

 

Assets

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Gross asset value

at beginning of year

490

0

0%

39,625

26.0 %

31,440

Increases

492

0

0%

13,088

59.9 %

8,185

Decreases

494

0

0%

0

0%

0

 

 

Intangible Fixed Assets

 

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Goddwill  (Increases)

402

0

0%

0

0%

0

Goddwill

 

 

 

 

 

 

 

404

0

0%

0

0%

0

(Decreases)

 

 

 

 

 

 

Others  (Increases)

412

0

0%

3,865

0%

0

Others  (Decreases)

414

0

0%

0

0%

0

 

 

 

 

 

 

 

 

 

 

 

Tangible fixed assets (Increase)

 

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Lands

422

0

0%

0

0%

0

Buildings

432

0

0%

0

0%

0

Plant machinery and equipment industry

442

0

0%

0

0%

0

General installations various fixtures

452

0

0%

6,015

-7.0 %

6,468

Transportation Equipment

462

0

0%

0

0%

0

Other fixed assets

472

0

0%

3,208

87.1 %

1,715

 

 

Financial assets

 

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Increases

482

0

0%

0

0%

2

Decreases

484

0

0%

0

0%

0

 

Capital Gains, Losses

 

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total  Residual  Value

582

0

0%

0

0%

0

Total  Transfer pricing

584

0

0%

0

0%

0

Total  Plus  or  losses

in  the  short  term

596

0

0%

0

0%

0

Total  Plus  or  losses

in  the  long  term

598

0

0%

0

0%

0

 

 

Summary of Provisions - Depreciation Derogatory

 

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

 

 

 

 

 

 

 

Total  Provisions

(increases)

682

0

0%

0

0%

0

Provisions  regulated

-Depreciation Derogatory

602

0

0%

0

0%

0

Provisions regulated - Including exceptional increases of 30%

603

0

0%

0

0%

0

Other Provisions regulated

612

0

0%

0

0%

0

Provisions for risks and charges

622

0

0%

0

0%

0

Provisions for losses - On Capital

632

0

0%

0

0%

0

Provisions for losses - and current  stocks

642

0

0%

0

0%

0

Provisions for losses - clients and  accounts payable

652

0

0%

0

0%

0

Other Provisions for losses

662

0

0%

0

0%

0

Total Provisions (decreases)

684

0

0%

0

0%

0

Provisions regulated – Depreciation  Derogatory

604

0

0%

0

0%

0

Provisions regulated - Including exceptional  increases of 30%

605

0

0%

0

0%

0

Other Provisions  regulated

614

 

 

 

 

 

Provisions for risks and charges

624

0

0%

0

0%

0

Provisions for losses - On Capital

634

0

0%

0

0%

0

  Provisions for losses - and current stocks

644

0

0%

0

0%

0

Provisions for losses - clients and  accounts payable

654

0

0%

0

0%

0

Other Provisions for losses

664

0

0%

0

0%

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratios

 

Structure and Liquidity

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Fixed  Asset

Financing

6.55

2.0 %

6.42

-2.0 %

6.55

1.57

317.2 %

Global  Debt

48 days

6.7 %

45 days

-37.5 %

72 days

149 days

-67.8 %

Working  Capital  Fund

overall  net

97 days

10.2 %

88 days

2.3 %

86 days

61 days

59.0 %

Financial

independence

287.23 %

5.8 %

271.36 %

71.1 %

158.57 %

74.89 %

283.5 %

Solvability

68.55 %

0.7 %

68.06 %

20.6 %

56.44 %

28.58 %

139.9 %

Capacity  debt  futures

-

-

-

-

-

530.92 %

-

Coverage  of  current assets  by  net working  capital overall

67.81 %

1.9 %

66.54 %

17.7 %

56.51 %

43.35 %

56.4 %

General  Liquidity

0.15

275.0 %

0.04

-60.0 %

0.10

0.15

0%

Restricted  Liquidity

1.13

-13.1 %

1.30

51.2 %

0.86

0.41

175.6 %

 

 

Management or rotation

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

 

 

 

 

 

 

 

 

Need background in operating working capital

50 days

66.7 %

30 days

3.4 %

29 days

27 days

85.2 %

Treasury

0 days

0%

0 days

0%

0 days

3 days

0%

Inventory turnover of goods

299 days

23.0 %

243 days

-47.9 %

466 days

161 days

85.7 %

 

 

 

 

 

 

 

 

Average length of credit granted to customers

0 days

0%

0 days

0%

0 days

2 days

0%

 

 

 

 

 

 

 

 

Average length of credit obtained suppliers

15 days

0%

15 days

-25.0 %

20 days

46 days

-67.4 %

Inventory turnover of raw materials in industrial enterprises

0 days

0%

0 days

0%

0 days

0 days

0%

Inventory turnover of intermediate and finished products in the industrial enterprise

-

-

-

-

-

646 days

-

Rotation tangible assets

3,014.03 %

-3.6 %

3,126.34 %

-4.1 %

3,261.15 %

558.47 %

439.7 %

Profitability of the business

 

 

 

 

 

 

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Margin trading

60.12 %

-2.9 %

61.93 %

-13.0 %

71.21 %

29.58 %

103.2 %

Profitability of the business

7.72 %

-40.1 %

12.88 %

-22.0 %

16.51 %

4.37 %

76.7 %

Net profit

5.09 %

-38.3 %

8.25 %

-26.8 %

11.27 %

1.73 %

194.2 %

Growth rate of turnover (excluding VAT)

-

-

-

-

-

0.14 %

-

Rates integration

32.20 %

-7.8 %

34.92 %

-16.1 %

41.64 %

21.80 %

47.7 %

Rate leasing furniture

0.00 %

0%

0.00 %

0%

0.00 %

0.00 %

0%

Work Factor

74.31 %

20.3 %

61.79 %

3.2 %

59.88 %

68.59 %

8.3 %

Weight interests

0.01 %

-50.0 %

0.02 %

-80.0 %

0.10 %

0.41 %

-97.6 %

Return on capital

 

 

 

 

 

 

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Cash flow from the overall profitability

5.96 %

-32.7 %

8.85 %

-24.7 %

11.75 %

3.86 %

54.4 %

Rates of economic profitability

26.38 %

-44.7 %

47.71 %

-23.4 %

62.32 %

12.00 %

119.8 %

Financial profitability

17.54 %

-42.9 %

30.73 %

-29.6 %

43.65 %

20,221.00 %

-99.9 %

Return on investment

17.41 %

-43.2 %

30.66 %

-28.6 %

42.93 %

6.71 %

159.5 %

Management intermediate balances

 

 

 

 

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Turnover

1,315,140

12.2 %

1,172,189

27.1 %

921,959

362,204

263.1 %

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Sales of goods

1,183,392

9.7 %

1,078,429

29.1 %

835,492

 

-

- Purchase of goods

481,139

34.1 %

358,828

17.8 %

304,541

 

-

 

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

+/- Stock of goods variation

-88,345

-1282.6 %

-6,390

94.9 %

-125,548

-

Trading margin

790,598 €

8.9 %

725,991 €

10.6 %

656,499 €

94,199€    739.3 %

 

60.12 % CA

-2.9 %

61.93 % CA

-13.0 %

71.21 % CA

29.96 % CA     100.7 %

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Sale of goods produced

131,748

40.5 %

93,760

8.4 %

86,467

-

+/- Stocked production

0

0%

0

0%

0

-

+ Self-constructed assets

0

0%

0

0%

0

-

Period production

131,748 €

40.5 %

93,760 €

8.4 %

86,467 €

10,383 €     1168.9 %

 

10.02 % CA

25.3 %

8.00 % CA

-14.7 %

9.38 % CA

4.93 % CA      103.2 %

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Trading margin

790,598

8.9 %

725,991

10.6 %

656,499

94,199     739.3 %

+ Period Production

131,748

40.5 %

93,760

8.4 %

86,467

10,383  1168.9 %

- Purchase of raw materials

106,400

30.6 %

81,457

16.2 %

70,112

-

+/- Change in stocks of raw materials - Other external

0

0%

0

0%

0

-

purchases and charges

392,536

19.3 %

328,952

13.8 %

288,947

-

 

 

 

 

 

 

 

Added value

423,410 €

3.4 %

409,342 €

6.6 %

383,907 €

90,536 €     367.7 %

 

32.20 % CA

-7.8 %

34.92 % CA

-16.1 %

41.64 % CA

21.80 % CA       47.7 %

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Added value

423,410 €

3.4 %

409,342 €

6.6 %

383,907 €

90,536 €     367.7 %

+ Operating grants

0

0%

0

0%

0

-

- Tax, duty and similar

payments

7,185

31.7 %

5,455

198.4 %

1,828

-

- Personal charges

314,633

24.4 %

252,949

10.0 %

229,870

-

Gross operating surplus

101,592 €

-32.7 %

150,938 €

-0.8 %

152,209 €

16,325 €   522.3 %

 

7.72 % CA

-40.1 %

12.88 % CA

-22.0 %

16.51 % CA

4.37 % CA       76.7 %

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Gross operating surplus

101,592 €

-32.7 %

150,938 €

-0.8 %

152,209 €

16,325 €      522.3 %

+ Release of reserves and provisions

-

-

-

-

-

-

+ Other operating income

5

-93.0 %

71

2266.7 %

3

-

- Depreciation/ Amortisation

11,467

62.9 %

7,041

56.9 %

4,488

-

- Other charges

4

-89.2 %

37

-97.1 %

1,297

-

Operating result

90,126 €

-37.4 %

143,931 €

-1.7 %

146,427 €

8,004 €     1026.1 %

 

6.85 % CA

-44.2 %

12.28 % CA

-22.7 %

15.88 % CA

2.29 % CA      199.1 %

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Operating result

90,126 €

-37.4 %

143,931 €

-1.7 %

146,427 €

8,004 €     1026.1 %

+/- Result of joint- venture transferred from/to other partners

-

-

-

-

-

-

+ Financial income

0

0%

0

0%

0

-

- Financial charges

109

-58.9 %

265

-72.6 %

967

-

Pre-tax result

90,017 €

-37.3 %

143,666 €

-1.2 %

145,460 €

5,707 €     1477.4 %

 

6.84 % CA

-44.2 %

12.26 % CA

-22.3 %

15.78 % CA

1.80 % CA      280.0 %

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Extraordinary income

315

0%

0

0%

0

38     728.9 %

 

- Extraordinary charges

2,413

-65.5 %

6,986

8524.7 %

81

 

-

Extraordinary result

-2,098 €

70.0 %

-6,986 €

-8524.7 %

-81 €

0 €

0%

 

-0.16 % CA

73.3 %

-0.60 % CA

-5900.0 %

-0.01 % CA

0.00 % CA

0%

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

SECTOR MEDIAN 2013

Pre-tax result

90,017 €

-37.3 %

143,666 €

-1.2 %

145,460 €

5,707 €

1477.4 %

Extraordinary result

-2,098 €

70.0 %

-6,986 €

-8524.7 %

-81 €

0 €

0%

- Employee profit sharing

-

-

-

-

-

 

-

- Tax on profits

20,984

-47.5 %

39,945

-3.7 %

41,498

 

-

Net result

66,935 €

-30.8 %

96,735 €

-6.9 %

103,881 €

5,662 €

1082.2 %

 

5.09 % CA

-38.3 %

8.25 % CA

-26.8 %

11.27 % CA

1.72 % CA

195.9 %

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.59

UK Pound

1

Rs.92.46

Euro

1

Rs.67.51

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIT

 

               

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.