MIRA INFORM REPORT

Report No. :	322692
Report Date :	23.05.2015

IDENTIFICATION DETAILS

Name :	TEK TRAVELS PRIVATE LIMITED

Registered Office :	E-78, South Extension Part- I, New Delhi - 110049
Tel. No.:	91-124-44986080

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	06.11.2006

Com. Reg. No.:	55-155233

Capital Investment / Paid-up Capital :	Rs.18.667 Million

CIN No.: [Company Identification No.]	U74999DL2006PTC155233

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 :	The company is primarily in the business of operating an online travel portal catering to the business.

No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

B (30)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 800000

Status :	Moderate

Payment Behaviour :	Slow but correct

Litigation :	Clear

Comments :	Subject is an established company having moderate track record. The rating is constrained on account of company’s moderate operational risk profile and losses that company has incurred from its operational activities. However, trade relations are fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealing 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

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

EXTERNAL AGENCY RATING

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 DENIED

Management non co-operative (91-124-44986080)

LOCATIONS

Registered Office :	E-78, South Extension Part- I, New Delhi – 110049, India
Tel. No.:	91-124-44986080
Fax No.:	Not Available
E-Mail :	vikasj@travelboutiqueonline.com info@travelboutiqueonline.com
Website :	www.travelboutiqueonline.com

Corporate Office :	Plot No.728, Udyog Vihar, Phase –V, Gurgaon – 122016, Haryana, India
Tel. No.:	91-124-4998999

DIRECTORS

As on 30.09.2014

Name :

Mr. Gaurav Bhatnagar

Designation :

Director

Address :

205, Prabhavi Apartments, Plot No.29B, Sector – 10, Dwarka, New Delhi – 110075, India

Date of Birth/Age :

12.08.1979

Date of Appointment :

06.11.2006

DIN No.:

00446482

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	U74899TG2005PTC076232	TEKRITI SOFTWARE PRIVATE LIMITED	Whole-time director	06/10/2005	06/10/2005	23/03/2010	Amalgamated	NO
2	U74999DL2006PTC155233	TEK TRAVELS PRIVATE LIMITED	Director	06/11/2006	06/11/2006	-	Active	NO
3	U72300DL2009PTC194610	NB TECHNOLOGIES PRIVATE LIMITED	Director	23/09/2009	23/09/2009	-	Active	NO
4	U72900DL2009PTC194601	MEDIOLOGY SOFTWARE PRIVATE LIMITED	Director	23/09/2009	23/09/2009	-	Active	NO
5	U72300DL2009PTC194662	YB SOFTWARE PRIVATE LIMITED	Director	24/09/2009	24/09/2009	-	Active	NO

Name :

Mr. Ankush Nijhawan

Designation :

Managing Director

Address :

A1 / 1, Vasant Vihar, New Delhi – 110057, India

Date of Birth/Age :

24.10.1977

Date of Appointment :

12.03.2007

DIN No.:

01112570

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	U63040DL2002PTC116739	LAP TRAVEL PRIVATE LIMITED	Director	21/05/2012	28/08/2002	-	Active	NO
2	U74999DL2006PTC155233	TEK TRAVELS PRIVATE LIMITED	Managing director	12/03/2007	12/03/2007	-	Active	NO
3	U72300DL2009PTC194610	NB TECHNOLOGIES PRIVATE LIMITED	Director	23/09/2009	23/09/2009	-	Active	NO
4	U55101DL2013PTC247276	FORK AND SPOON CATERING PRIVATE LIMITED	Director	11/01/2013	11/01/2013	-	Active	NO
5	U70109DL2013PTC256586	AAANS REALTORS PRIVATE LIMITED	Director	14/08/2013	14/08/2013	-	Active	NO
6	U52100DL2013PTC261323	Nijhawan Retail Private Limited	Director	28/11/2013	28/11/2013	-	Active	NO

Name :

Mr. Ashish Kashyap

Designation :

Director

Address :

Bc-27, Nirvana Country, Near South City-2, Sector – 50, Gurgaon – 122018, Haryana, India

Date of Birth/Age :

20.12.1972

Date of Appointment :

29.09.2012

DIN No.:

00677965

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	U72400DL2006PTC218612	PayU Payments Private Limited	Director	23/12/2013	21/08/2006	31/03/2014	Active	NO
2	U72901HR2006PTC037005	MIH Internet India Private Limited	Director	03/12/2007	17/01/2007	-	Active	NO
3	U00000DL2000PLC105516	ACL MOBILE LIMITED	Additional director	21/06/2007	21/06/2007	29/07/2008	Active	NO
4	U72300DL2007PTC169207	Gaadi Web Private Limited	Director	30/09/2013	09/02/2011	29/09/2014	Active	NO
5	U74999DL2006PTC155233	TEK TRAVELS PRIVATE LIMITED	Director	29/09/2012	29/03/2012	-	Active	NO
6	U72200DL2006PTC271373	PILANI SOFT LABS PRIVATE LIMITED	Director	26/09/2013	09/08/2013	-	Active	NO
7	U72900DL2012PTC233343	ibibo Group Private Limited	Director	30/09/2014	31/03/2014	-	Active	NO

Name :

Leroux Neethling

Designation :

Director

Address :

213N, Ponggol, Seventeenth Avenue, Singapore - 829742

Date of Birth/Age :

22.11.1966

Date of Appointment :

29.09.2012

DIN No.:

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	U72400DL2006PTC218612	PayU Payments Private Limited	Director	23/12/2013	26/02/2007	31/03/2014	Active	NO
2	U72901HR2006PTC037005	MIH Internet India Private Limited	Director	03/12/2007	26/02/2007	-	Active	NO
3	U00000DL2000PLC105516	ACL MOBILE LIMITED	Additional director	21/06/2007	21/06/2007	03/12/2012	Active	NO
4	U92190HR2008PTC037782	Strika Entertainment India Private Limited	Director	01/04/2008	01/04/2008	24/06/2010	Under Process of Striking off	NO
5	U72900HR2009PTC038996	Nimbuzz Internet India Private Limited	Additional director	15/09/2009	15/09/2009	24/06/2010	Active	NO
6	U72900DL2000PTC105180	ACL Technologies Private Limited	Director	26/09/2011	21/01/2011	03/12/2012	Active	NO
7	U72300DL2007PTC169207	Gaadi Web Private Limited	Director	30/09/2013	09/02/2011	29/09/2014	Active	NO
8	U74999DL2006PTC155233	TEK TRAVELS PRIVATE LIMITED	Director	29/09/2012	29/03/2012	-	Active	NO
9	U72200DL2006PTC271373	PILANI SOFT LABS PRIVATE LIMITED	Director	26/09/2013	09/08/2013	-	Active	NO
10	U72900DL2012PTC233343	ibibo Group Private Limited	Director	30/09/2014	31/03/2014	-	Active	NO

Name :

Oliver Minho Rippel

Designation :

Director

Address :

106, Duchess Avenue, 01-12 Duchess Residences, Singapore - 266311

Date of Birth/Age :

16.07.1976

Date of Appointment :

29.09.2012

DIN No.:

03493750

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	U72400DL2006PTC218612	PayU Payments Private Limited	Director	23/12/2013	31/03/2011	31/03/2014	Active	NO
2	U72901HR2006PTC037005	MIH Internet India Private Limited	Director	19/09/2011	31/03/2011	-	Active	NO
3	U74999DL2006PTC155233	TEK TRAVELS PRIVATE LIMITED	Director	29/09/2012	29/03/2012	-	Active	NO
4	U72200DL2006PTC271373	PILANI SOFT LABS PRIVATE LIMITED	Director	26/09/2013	09/08/2013	-	Active	NO
5	U72900DL2012PTC233343	ibibo Group Private Limited	Director	30/09/2014	31/03/2014	-	Active	NO

MAJOR SHAREHOLDERS

As on 30.09.2014

Names of Shareholders	No. of Shares	%age holding
Gaurav Bhatnagar	361594	19.37
Lap Travels Private Limited	466573	24.99
Manish Dhingra	104979	5.62
MIH India Holdings Limited	933521	50.01
Total	1866667	100.00

As on 26.02.2015

Names of Allottee	No. of Shares Allotted
MIH India Holdings Limited	28605
Total	28605

As on 30.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	50.01
Bodies corporate	24.99
Directors or relatives of Directors	19.37
Other top fifty shareholders	5.63
Total	100.00

BUSINESS DETAILS

Line of Business :	The company is primarily in the business of operating an online travel portal catering to the business.

Products :	Not Available

Brand Names :	Not Available

Agencies Held :	Not Available

Exports :	Not Divulged

Imports :	Not Divulged

Terms :
Selling :	Not Divulged

Purchasing :	Not Divulged

PRODUCTION STATUS = NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

No. of Employees :

Information declined by the management.

Bankers :

Banker Name	Canara Bank
Branch Address	Janpath, New Delhi – 110001, 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

Auditors :
Name :	Price Waterhouse and Company Chartered Accountants
Address :	Building 8,7^th and 8^th Floor, Tower B, DLF Cyber City, Gurgaon – 122002, Haryana, India
PAN No.:	AAAFP8828M

Memberships :	Not Available

Collaborators :	Not Available

Holding Company :	MIH India Holdings Limited

Ultimate Holding Company :	Naspers Limited

Subsidiary :	Tek Travels Jlt

Fellow Subsidiary :	Ibibo Web Private Limited Ibibo Group Private Limited Pilani Soft Labs Private Limited

Investing Parties :	Lap Travel Private Limited

Other Related Parties :	N.B. Technologies Private Limited Mediology Software Private Limited YB Software Private Limited Nijhawan Travel Service Private Limited

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital:

No. of Shares	Type	Value	Amount

2000000	Equity Shares	Rs.10/- each	Rs.20.000 Million

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount

1866667	Equity Shares	Rs.10/- each	Rs.18.667 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	18.667	18.667	18.667
(b) Reserves & Surplus	263.979	335.601	461.634
(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)	282.646	354.268	480.301

(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(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	31.186	15.708	6.349
Total Non-current Liabilities (3)	31.186	15.708	6.349

(4) Current Liabilities
(a) Short term borrowings	0.000	71.025	23.295
(b) Trade payables	920.531	1309.873	833.500
(c) Other current liabilities	266.597	251.447	162.009
(d) Short-term provisions	38.327	16.506	15.075
Total Current Liabilities (4)	1225.455	1648.851	1033.879

TOTAL	1539.287	2018.827	1520.529

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	15.136	22.050	33.949
(ii) Intangible Assets	6.042	5.166	17.052
(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	1.220	1.220	1.220
(c) Deferred tax assets (net)	0.000	0.000	5.920
(d) Long-term Loan and Advances	1.427	1.434	0.426
(e) Other Non-current assets	0.000	6.456	29.031
Total Non-Current Assets	23.825	36.326	87.598

(2) Current assets
(a) Current investments	0.969	1.007	1.473
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	835.185	1294.417	691.534
(d) Cash and cash equivalents	396.363	359.783	574.819
(e) Short-term loans and advances	277.923	304.939	154.726
(f) Other current assets	5.022	22.355	10.379
Total Current Assets	1515.462	1982.501	1432.931

TOTAL	1539.287	2018.827	1520.529

PROFIT & LOSS ACCOUNT

PARTICULARS	31.03.2014	31.03.2013	31.03.2012

SALES	NA	NA	NA

EXPENSES	NA	NA	NA

PROFIT/ (LOSS) BEFORE TAX	NA	NA	NA

TAX	NA	NA	NA

PROFIT/ (LOSS) AFTER TAX	(71.622)	(126.033)	(10.992)

EARNINGS IN FOREIGN CURRENCY
Technical Income	27.436	16.717	NA
TOTAL EARNINGS	27.436	16.717	NA

Earnings / (Loss) Per Share (Rs.)	NA	NA	NA

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

Cash generated from operations

KEY RATIOS

PARTICULARS	31.03.2014	31.03.2013	31.03.2012
Debt Equity Ratio (Total Liability/Networth)	0.00	0.20	0.05

Current Ratio (Current Asset/Current Liability)	1.24	1.20	1.39

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	18.667	18.667	18.667
Reserves & Surplus	461.634	335.601	263.979
Net worth	480.301	354.268	282.646

long-term borrowings	0.000	0.000	0.000
Short term borrowings	23.295	71.025	0.000
Total borrowings	23.295	71.025	0.000
Debt/Equity ratio	0.049	0.200	0.000

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	No
8	Designation of contact person	No
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	No
17	Details of sister concerns	Yes
18	Major suppliers	No
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	No
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	No
35	Negative Reporting by Auditors in the Annual Report	No

Note:

Registered address has been shifted from the E-77, South Extension Part – I, New Delhi – 110049, India to the present address w.e.f. 10.02.2010.

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
SHORT TERM BORROWING
From Bank	0.000	71.025
Total	0.000	71.025

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

GENERAL INFORMATION

The company is primarily in the business of operating an online travel portal catering to the business to business.

FIXED ASSETS

Tangible Assets

Vehicle
Office Equipment
Furniture and Fixtures
Computer Systems

Intangible Assets

Computer Software
Website portal and Integration
Goodwill

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.63.57
UK Pound	1	Rs.99.66
Euro	1	Rs.70.92

INFORMATION DETAILS

Information Gathered by :	GAY

Analysis Done by :	KAR

Report Prepared by :	PNM

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	1~10	---
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--RESERVES	1~10	4
--CREDIT LINES	1~10	3
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		30

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
--	NB	New Business	--

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.

MIRA INFORM REPORT

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