MIRA INFORM REPORT

 

 

Report No. :

321847

Report Date :

02.06.2015

 

IDENTIFICATION DETAILS

 

Name :

FINGER MATE WRITECH PRIVATE LIMITED (w.e.f. 08.05.2013)

 

 

Formerly Known As :

KANODIA EXIM PRIVATE LIMITED

 

 

Registered Office :

Village and P.O.- Rasapunja, P.S. Bishnupur, B.H. Road, Kolkata – 700 104, West Bengal

Tel. No.:

91-33-24980560 / 24473532

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

02.12.2009

 

 

Com. Reg. No.:

21-139854

 

 

Capital Investment / Paid-up Capital :

Rs. 2.900 Million

 

 

CIN No.:

[Company Identification No.]

U51909WB2009PTC139854

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer and Trader of Stationary Products.

 

 

No. of Employees :

17 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (27)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 13000

 

 

Status :

Small Company

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a small company in its field. Its scale of activities are limited.

 

The rating takes into consideration company’s modest net worth and small scale of operations.

 

However, trade relations are reported as fair. Business is active. Payment terms are reported to be slow but correct.

 

The company can be considered for business dealings with some caution.

 

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 31-03-2014.

 

 

INFORMATION PARTED BY

 

Name :

Mrs. Punam Kanodia

Designation :

Director

Contact No.:

91-9903219219

Date :

12.05.2015

 

 

LOCATIONS

 

Registered Office / Factory :

Village and P.O.- Rasapunja, P.S. Bishnupur, B.H. Road, Kolkata – 700 104, West Bengal, India

Tel. No.:

91-33-24980560/ 24473532

Mobile No.:

91-9903219219 (Mrs. Punam Kanodia)

Fax No.:

91-33-24473532

E-Mail :

fingermatewritech@gmail.com

ajitkumar_co@airtelmail.in

Location :

Owned

 

 

Kolkata Office :

29 B, 1st Floor, Zakaria Street, Kolkata – 700 073, West Bengal, India

 

 

DIRECTORS

 

As on : 30.09.2014

 

Name :

Mrs. Punam Kanodia

Designation :

Director

Address :

43-D, Biren Roy Road (East), Kolkata – 700 008, West Bengal, India

Date of Birth/Age :

15.10.1973

Date of Appointment :

02.12.2009

DIN No.:

01551549

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

U21098WB1998PTC087675

SWISS PROGRESSIVE PRODUCTS PRIVATE LIMITED

Director

05/08/1998

05/08/1998

-

Active

NO

2

U51909WB2009PTC139854

FINGER MATE WRITECH PRIVATE LIMITED

Director

02/12/2009

02/12/2009

-

Active

NO

3

U25209WB2012PTC180746

ECOTEAM POLYPACK PRIVATE LIMITED

Director

01/12/2013

18/04/2012

-

Active

NO

4

U72300GJ2015PTC083019

WSE GAMING SOLUTIONS PRIVATE LIMITED

Director

28/04/2015

28/04/2015

-

Active

NO

 

 

Name :

Mr. Sanjay Kumar Kanodia

Designation :

Director

Address :

Vatika Apartment, 113/174, Raj Flat-4/B, Behala, Chowrasta, Kolkata – 700 008, West Bengal, India 

Date of Birth/Age :

15.07.1970

Date of Appointment :

01.12.2013

DIN No.:

01551605

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

U21098WB1998PTC087675

SWISS PROGRESSIVE PRODUCTS PRIVATE LIMITED

Director

05/08/1998

05/08/1998

-

Active

NO

2

U51909WB2009PTC139854

FINGER MATE WRITECH PRIVATE LIMITED

Director

01/12/2013

02/12/2009

-

Active

NO

3

U25209WB2012PTC180746

ECOTEAM POLYPACK PRIVATE LIMITED

Director

01/12/2012

28/09/2012

-

Active

NO

4

U55101DL2013PTC260295

ASM ENTERTAINMENT PRIVATE LIMITED

Director

14/11/2013

14/11/2013

-

Active

NO

5

U74999WB2012PTC172138

ASHTEK CONSULTANCY PRIVATE LIMITED

Director

07/08/2014

07/08/2014

17/03/2015

Active

NO

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on : 30.09.2014

 

Names of Shareholders

No. of Shares

% of Holding

Punam Kanodia

195000

67.24

Sanjay Kumar Kanodia

5000

1.72

Sunil Kumar Singh

50000

17.24

Vijay Kumar Singh

40000

13.80

Total

290,000

100.00

 

 

 

Equity Share Break up (Percentage of Total Equity)

 

As on : 30.09.2014

                                 

Category

Percentage

Directors or relatives of Directors

68.97

Others

31.03

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Trader of Stationary Products.

 

 

Products :

·         Fountain Pen

·         Direct Fill Pens

·         Ball Pen

·         Sketch Pen

·         Pen Refill

·         Pencil (Polymer)

·         Geometry Set Box

·         Scissors

·         Water Glue

·         Pencil Sharpener

·         Eraser

·         Hand Molded Fountain Pen

·         Executive Pens

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :

Finished Goods

Countries :

Kenya

 

 

Imports :

 

Products :

Raw Material

Countries :

China

 

 

Terms :

 

Selling :

Cash /  Credit

 

 

Purchasing :

Cash /  Credit

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Asiatan International Industrial Company Limited

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

·         Ankita Sales Corporation

·         Nisha Writing Aids

·         Shree Hanuman Moulders Private Limited

·         Shree Balaji Writing Aids Private Limited

·         Vesaar Aar Supplier

·         Vijay Pen Works

·         Swiss Writing Products

 

 

Customers :

Wholesalers, Retailers and End Users

Reference :

Hotel R.K. Palace

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 :

17 (Approximately)

 

 

Bankers :

·         HDFC Bank Limited, Kolkata, West Bengal, India

·         ICICI Bank Limited, Behala, Kolkata, West Bengal, India

·         Allahabad Bank

Bank Name

HDFC Bank Limited

Branch

HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India

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 :

Secured Loan

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

Short-term borrowings

 

 

Loan repayable on demand

 

 

HDFC Bank Account – 42

(Secured by hypothecation of stock, debtors of the above, entire amount is guaranteed by)

(0.043)

0.000

HDFC Bank Account – 50200004371348

(Secured by hypothecation of stock, debtors of the above, entire amount is guaranteed by)

7.417

0.000

Total

7.374

0.000

 

 

 

 

 

Auditors :

 

Name :

Ajit Kumar and Company

Chartered Accountants

Address :

12A, N.S. Road , 5th Floor, Room No.11, Kolkata – 700 001, West Bengal, India

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

AAGFA2796M

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

As on 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

300000

Equity Shares

Rs.10/- each

Rs.3.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

290000

Equity Shares

Rs.10/- each

Rs. 2.900 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

2.900

2.600

1.000

(b) Reserves & Surplus

1.691

1.564

1.477

(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)

4.591

4.164

2.477

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

4.846

0.000

1.024

(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)

4.846

0.000

1.024

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

7.374

0.000

0.000

(b) Trade payables

2.104

0.977

1.246

(c) Other current liabilities

2.063

3.360

0.232

(d) Short-term provisions

0.103

0.038

0.025

Total Current Liabilities (4)

11.644

4.375

1.503

 

 

 

 

TOTAL

21.081

8.539

5.004

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

8.637

7.634

4.538

(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)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.289

0.420

0.133

(e) Other Non-current assets

0.108

0.000

0.000

Total Non-Current Assets

9.034

8.054

4.671

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

5.883

0.001

0.229

(c) Trade receivables

4.997

0.413

0.000

(d) Cash and cash equivalents

1.040

0.065

0.088

(e) Short-term loans and advances

0.000

0.000

0.000

(f) Other current assets

0.127

0.006

0.016

Total Current Assets

12.047

0.485

0.333

 

 

 

 

TOTAL

21.081

8.539

5.004

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Income

8.911

10.915

7.381

 

 

Other Income

NA

NA

NA

 

 

TOTAL                                    

 

 

 

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

NA

NA

NA

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

0.404

0.276

0.229

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

0.213

0.151

0.154

 

 

 

 

 

 

PROFIT BEFORE TAX

0.191

0.125

0.075

 

 

 

 

 

Less

TAX                                                                 

0.064

0.039

0.025

 

 

 

 

 

 

PROFIT AFTER TAX

0.127

0.086

0.050

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

1.564

1.478

0.078

 

 

 

 

 

Add

Securities premium credited on Share

--

--

(1.350)

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

1.691

1.564

1.478

 

 

 

 

 

 

Earnings Per Share (Rs.)

0.44

0.33

0.50

 

 

 

 

 

 

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

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Return on Total Assets

(PBT/Total Assets}

(%)

0.91

1.46

1.50

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.04

0.03

0.03

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

2.66

0.00

0.41

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.03

0.11

0.22

 

 

 

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

1.000

2.600

2.900

Reserves & Surplus

1.477

1.564

1.691

Net worth

2.477

4.164

4.591

 

 

 

 

long-term borrowings

1.024

0.000

4.846

Short term borrowings

0.000

0.000

7.374

Total borrowings

1.024

0.000

12.220

Debt/Equity ratio

0.413

0.000

2.662

 

 

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Revenue

7.381

1.915

8.911

 

 

(74.055)

365.326

                                                      

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Revenue

7.381

1.915

8.911

Profit

0.050

0.086

0.127

 

0.68%

4.49%

1.43%

 

 

 

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)

Yes

16

No. of employees

Yes

17

Details of sister concerns

No

18

Major suppliers

Yes

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

No

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

No

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

 

Unsecured Loan

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

Long-term Borrowings

 

 

Loans from director

(Repayable with 15 months notice)

 

 

Punam Kanodia

2.576

0.000

Sanjay Kumar Kanodia

2.270

0.000

Total

4.846

0.000

 

 

INDEX OF CHARGES

 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

 

Charge Holder

Address

Service Request Number (SRN)

 

 

 

 

 

 

 

1

10474918

31/01/2014

7,500,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL (West)
, MUMBAI, Maharashtra - 400013, INDIA

B95220786

 

FIXED ASSETS

·         Air Conditioner

·         Office Furniture

·         Office Space

·         Computer

·         Motor Car

 

 

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 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. 63.60

UK Pound

1

Rs. 97.26

Euro

1

Rs. 69.62

 

 

INFORMATION DETAILS

 

Information Gathered by :

PRI

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

JAY

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

3

PAID-UP CAPITAL

1~10

4

OPERATING SCALE

1~10

3

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

3

--PROFITABILITY

1~10

3

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--RESERVES

1~10

3

--CREDIT LINES

1~10

2

--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

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

27

 

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.