MIRA INFORM REPORT

 

 

Report No. :

337016

Report Date :

18.08.2015

 

IDENTIFICATION DETAILS

 

Name :

TECHNOCRAT INFOTECH PRIVATE LIMITED

 

 

Registered Office :

22, Kenderdine Lane, 1st Floor, Kolkata – 700012, West Bengal

Tel. No.:

91-33-40105500

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

18.12.1997

 

 

Com. Reg. No.:

21-086126

 

 

Capital Investment / Paid-up Capital :

Rs. 50.048 Million

 

 

CIN No.:

[Company Identification No.]

U52392WB1997PTC086126

 

 

IEC No.:

0204025681

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

CALT03341C

 

 

PAN No.:

[Permanent Account No.]

AABCT6816H

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is engaged in trading activities as Importer, Distributor, Wholesaler, Reseller on computer and its peripherals

 

 

No. of Employees :

155(Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (44)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 340000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established private limited company having satisfactory track.

 

Rating takes into consideration sound financial risk profile of the company marked by adequate networth base and acceptable gearing in FY14.

 

Further, management has reported increase in sales turnover however reported low profit margin.

 

Trade relations are fair. Business is active. Payment terms are reported to be slow but correct.

 

The company can be considered for business dealings with usual trade terms and conditions.

 

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, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

EXTERNAL AGENCY RATING

 

 

Rating Agency Name

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

Not Available

 

 

RBI DEFAULTERS’ LIST STATUS

 

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

 

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2013.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Pijush Chunari

Designation :

HR Assistant Manager

Contact No.:

91-33-40105500

Date :

17.08.2015

 

 

LOCATIONS

 

Registered Office / Warehouse :

22, Kenderdine Lane, 1st Floor, Kolkata – 700012, West Bengal, India

Tel. No.:

91-33-40105500

Fax No.:

91-33-40105500

E-Mail :

hr@technocratinfotech.com

asif@technocratinfotech.com

Website :

www.technocratinfotech.com

Location :

Owned

Locality :

Commercial

 

 

Branches  :

Branches Located at

  • Siliguri (West Bengal)
  • Ranchi (Jharkhand)
  • Bhubaneswar (Odisha)
  • Guwahati (Assam)
  • Patna (Bihar)
  • New Delhi (Delhi)
  • Jaipur
  • (Rajasthan)
  • Raipur (Chhattisgarh)
  • Navi Mumbai (Maharashtra)
  • Lucknow (U.P)

 

 

DIRECTORS

 

As on 30.09.2014

 

Name :

Mr. Asif Khan

Designation :

Director

Address :

25, Ganesh Chndra Avenue, Kolkata – 700013, West Bengal, India

Date of Birth/Age :

21.01.1973

Date of Appointment :

18.12.1997

DIN No.:

01276367

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointmentat current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U52392WB1997PTC086126

TECHNOCRAT INFOTECH PRIVATE LIMITED

Director

18/12/1997

18/12/1997

-

Active

NO

2

U72900WB2010PTC148917

IGEN TECHNOLOGIES PRIVATE LIMITED

Director

22/05/2010

22/05/2010

-

Active

NO

3

U52100WB2014PTC204181

SMARTLINK TELECOM PRIVATE LIMITED

Director

05/11/2014

05/11/2014

-

Active

NO

 

 

Name :

Mr. Debashish Biswas

Designation :

Director

Address :

714/12, JEssore Road, Kolkata – 700055, West Bengal, India

Date of Birth/Age :

13.06.1970

Date of Appointment :

18.12.1997

DIN No.:

00567390

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U52392WB1997PTC086126

TECHNOCRAT INFOTECH PRIVATE LIMITED

Director

18/12/1997

18/12/1997

-

Active

NO

2

U72900WB2010PTC148917

IGEN TECHNOLOGIES PRIVATE LIMITED

Director

22/05/2010

22/05/2010

-

Active

NO

3

U52100WB2014PTC204181

SMARTLINK TELECOM PRIVATE LIMITED

Director

05/11/2014

05/11/2014

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Pijush Chunari

Designation :

HR Assistant Manager

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2014

 

Names of Shareholders

 

No. of Shares

Debasish Biswas

 

76937

Asif Khan

 

84110

Rinku Biswas

 

74887

Bani Biswa

 

27410

Rabindranath Biswas

 

9680

Yosuf Khan

 

27610

Shaba Khamam

 

27300

Shabina Parween

 

67479

Technocare, India

 

14690

Deepa Biswas

 

34380

Igen Technologies Private Limited, India

 

50000

Abdul Hanan

 

6000

Total

 

500483

 

 

Equity Share Break up (Percentage of Total Equity)

 

As on 30.09.2014

 

Category

Percentage

Bodies corporate

9.99

Directors or relatives of Directors

85.88

Other top fifty shareholders

1.20

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in trading activities as Importer, Distributor, Wholeseller, Reseller on computer and its peripherals

 

 

Products :

Not Divulged

 

 

Brand Names :

Not Available

 

 

Agencies Held :
  • Epson
  • HP

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Ingram Micro India Private limited, Kolkata, India

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Retailers and End Users

 

Reference :

Pixel Computer, Burdwan, West Bengal, India

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

155 (Approximately) 

 

 

Bankers :
  • Citi Bank N.A, Kanak Building, 41 Chowringhe Road, Kolkata – 700071, West Bengal, India
  • ICIC Bank Limited, 3A, Gurusaday Road, 2nd Floor, Kolkata – 700019, West Bengal, India

 

Bank Name

HDFC Bank

Branch

C.R. Avenue, Kolkata

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

(Rs. In Million)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Rupee term loan from banks

1.931

5.457

Other loans and advances

0.429

0.733

 

 

 

SHORT TERM BORROWING

 

 

Term loan from banks

3.526

3.119

Working capital loan from banks

181.168

177.905

Other Loan and advances

0.324

0.463

Total

187.378

187.677

 

 

 

Financial Intuition :

3I Infotech Trusteeship Services Limited, 3rd to 6th floor, International Infotech Park, Tower no. 5, Vashi Railway Station Complex, Vashi, NAvi Mumbai – 400703, Maharashtra, India

 

 

Auditors :

 

Name :

Asim Kumar Biswas and Associates

Chartered Accountants

Address :

27, Weston Street, 1st Floor, Old Building, Kolkata-700012, India

PAN N Income-tax PAN of auditor or auditor's firm :

ADXPB9383K

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :
  • Igen Technologies Private Limited

CIN No.: U72900WB2010PTC148917

  • Techclub Technologies Private Limited

CIN No.: U72200WB2011PTC167292

 

 

CAPITAL STRUCTURE

 

As on 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

600,000

Equity Shares

Rs.100/- each

Rs. 60.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

500,483

Equity Shares

Rs.100/- each

Rs. 50.048 Million

 

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

50.048

45.164

40.557

(b) Reserves & Surplus

68.408

52.239

34.253

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

0.000

Total Shareholders’ Funds (1) + (2)

118.456

97.403

74.810

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

2.360

7.084

1.084

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

2.360

7.084

1.084

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

185.018

181.487

139.581

(b) Trade payables

236.132

259.465

177.937

(c) Other current liabilities

6.357

4.279

5.198

(d) Short-term provisions

8.252

8.700

6.762

Total Current Liabilities (4)

435.759

453.931

329.478

 

 

 

 

TOTAL

556.575

558.418

405.372

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

20.726

22.804

22.293

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.219

0.152

0.093

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

20.945

22.956

22.386

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

209.242

234.640

167.575

(c) Trade receivables

285.149

273.021

200.660

(d) Cash and cash equivalents

9.795

12.656

4.486

(e) Short-term loans and advances

0.000

0.000

0.000

(f) Other current assets

31.444

15.145

10.265

Total Current Assets

535.630

535.462

382.986

 

 

 

 

TOTAL

556.575

558.418

405.372

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

 

 

TURNOVER

2373.818

2240.076

0.000

 

 

 

 

 

Less

EXPENSES

 

 

 

 

TOTAL

0.000

0.000

0.000

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

24.887

26.628

20.650

 

 

 

 

 

Less

TAX

8.718

8.643

6.702

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

16.169

17.985

13.948

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

 32.31

35.93 

27.87 

 

 

Particulars

 

 

 

31.03.2015

Sales Turnover (Approximately)

 

 

3500.000

 

 

Expected Sales (2015-2016) : Rs.5000.000 Million

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

NA

NA

NA

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operations

29.904

(14.834)

(49.642)

 

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

0.68

0.80

NA

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

4.47

4.77

5.10

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.21

0.27

0.28

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.58

1.94

1.88

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.23

1.18

1.16

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

 

DEBT EQUITY RATIO

 

Particular

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

40.557

45.164

50.048

Reserves & Surplus

34.253

52.239

68.408

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.000

0.000

0.000

Net worth

74.810

97.403

118.456

 

 

 

 

long-term borrowings

1.084

7.084

2.360

Short term borrowings

139.581

181.487

185.018

Total borrowings

140.665

188.571

187.378

Debt/Equity ratio

1.880

1.936

1.582

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

Sales

2240.076

2373.818

 

5.970

 

 

 

 

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

Sales

2240.076

2373.818

Profit

17.985

16.169

 

0.80%

0.68%

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check list by info agents

Available in Report (Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

No

5

Buyer visit details

--

6

Contact numbers

Yes

7

Name of the person contacted

Yes

8

Designation of contact person

Yes

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

No

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

No

16

No. of employees

Yes

17

Details of sister concerns

Yes

18

Major suppliers

Yes

19

Major customers

Yes

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

Yes

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

Yes

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

UNSECURED LOAN

(Rs. In Million)

Particulars

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Loan and advances from related parties

0.000

0.894

 

 

 

Total

0.000

0.894

 

 

 

INDEX OF CHARGES:

 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10371218

16/08/2012

100,000,000.00

HDFC BANK LIMITED

HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA

B55904734

2

10358542

06/06/2012

100,000,000.00

HDFC BANK LIMITED

HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA

B40784514

3

10292058

23/08/2013 *

160,000,000.00

Citibank N.A.

Kanak Building, 41 Chowringhee Road, Kolkata, West Bengal - 700071, INDIA

B84178805

 

*Date of charge modification

 

 

FIXED ASSETS

  • Land
  • Office building
  • Furniture and fixtures
  • Vehicles
  • Office equipment

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

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

 

1]         INFORMATION ON DESIGNATED PARTY

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

 

2]         Court Declaration :

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

 

3]         Asset Declaration :

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

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                           None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

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

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

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

 

8]         Affiliation with Government :

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

 

9]         Compensation Package :

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

 

10]        Press Report :

            No press reports / filings exists on the subject.

 

CORPORATE GOVERNANCE

 

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

 

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

 

 

CONTRAVENTION

 

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

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.65.22

UK Pound

1

Rs.102.23

Euro

1

Rs.72.39

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP

 

 

Analysis Done by :

KIN

 

 

Report Prepared by :

ART

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

4

--PROFITABILITY

1~10

5

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

5

--CREDIT LINES

1~10

5

--MARGINS

-5~5

-

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

44

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 

 

RATING EXPLANATIONS

 

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

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NB

                                       New Business

 

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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.