MIRA INFORM REPORT

Report No. :	349920
Report Date :	16.11.2015

IDENTIFICATION DETAILS

Name :	RENEN VIDHYUT PRIVATE LIMITED
Registered Office :	H No. 8-2-293/82/L/79C, MLA Colony, Road No.12, Banjara Hills, Hyderabad – 500034, Telangana
Mobile No.:	91-9912708009 [Mr. Rajan]
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	24.10.2013
Com. Reg. No.:	090674
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U40105TG2013PTC090674
IEC No.:	Not Applicable [As claimed by Company management, the Company does not Export and Import]
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 :	Subject is engaged in the business of Power Generation, Transmission and Distribution and other related activities.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ca (11)

RATING		STATUS	PROPOSED CREDIT LINE
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject was incorporated on 24^th October 2013, having moderate track record. As per Registrar of Companies the date of balance sheet (i.e. financial filed) is shown as 31.03.2015 but documents related to financial for the year ending 2015 is not available from any source. As per the director’s report of 2014, the company has not started any business activity. As per financial of 2014, the company has incurred loss due to pre-operative expenses. Management has denied to provide any information. However, business is active as per company status shown in the Registrar of Companies. No payment are unknown. The company can be considered for business dealings on safe and secured 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

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 31-03-2015.

INFORMATION DECLINED BY

Name :	Mr. Rajan
Designation :	Accounts Manager
Contact No.:	91-9912708009 91-8497966666 [Continuously Busy]
Date :	16.11.2015

LOCATIONS

Registered Office :	H No. 8-2-293/82/L/79C, MLA Colony, Road No.12, Banjara Hills, Hyderabad – 500034, Telangana, India
Tel. No.:	Not Available
Mobile No.:	91-9912708009 [Mr. Rajan]
Fax No.:	Not Available
E-Mail :	rajivreddy.m@gmail.com renenvidhyut@gmail.com ddnrajan@yahoo.com

DIRECTORS

AS ON 24.09.2014

Name :

Seetha Ram Rao Gade

Designation :

Director

Address :

H. No. 2-2-1130, Flat No. 201, New Allakunta, Hyderabad – 500044, Telangana, India

Date of Birth/Age :

01.09.1961

Date of Appointment :

30.01.2014

DIN No.:

00038152

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	U67120AP1963PTC000968	SPECTRA SHARES AND SCRIPS PRIVATE LIMITED	Director	20-08-2000	20-08-2000	-	Active	NO
2	U65993AP1994PTC017680	SRI KSSV FINVEST PRIVATE LIMITED	Director	01-09-2000	01-09-2000	-	Active	NO
3	U52520AP1989PTC010351	SRI KSN FINCAP PRIVATE LIMITED	Director	08-12-2000	08-12-2000	-	Active	NO
4	U72200TG1997PTC027402	DESIGN AND TEST TECHNOLOGIES INDIA PRIVATE LIMITED	Director	09-05-2001	09-05-2001	10-08-2009	Active	NO
5	U40106AP2006PTC049854	SOLAR SEMICONDUCTOR PRIVATE LIMITED	Director	30-09-2009	26-06-2009	02-09-2013	Active	NO
6	U40300TG2010PTC070092	SHIVALAKHA SOLAR ENERGY PRIVATE LIMITED	Director	29-12-2012	15-09-2010	17-06-2013	Active	NO
7	U40108TG2010PTC070093	SOLAR SEMICONDUCTOR ENERGY SYSTEMS (INDIA) PRIVATE LIMITED	Director	30-08-2011	15-09-2010	27-12-2013	Active	NO
8	U40300AP2011PTC072869	SOLAR SEMICONDUCTOR ENERGY INFRASTRUCTURE PRIVATE LIMITED	Director	29-09-2011	15-04-2011	27-12-2013	Strike off	NO
9	U40106AP2008PTC060558	SOLAR SEMICONDUCTOR PHOTOVOLTAIC PRIVATE LIMITED	Director	30-08-2011	15-04-2011	27-12-2013	Strike off	NO
10	U40108TG2011PTC072950	SS POWER GENERATION PRIVATE LIMITED	Director	29-09-2011	15-04-2011	27-12-2013	Strike off	NO
11	U40106TG2011PTC072565	SOLAR SEMICONDUCTOR SUN TECHNOLOGIES PRIVATE LIMITED	Director	29-09-2011	15-04-2011	27-12-2013	Strike off	NO
12	U40300TG2012PTC082110	ARUNODAYA POWER PROJECTS PRIVATE LIMITED	Director	23-07-2012	23-07-2012	-	Active	NO
13	U45400TG2012PTC084038	VARIJA BUILDERS PRIVATE LIMITED	Director	07-11-2012	07-11-2012	-	Active	NO
14	U40100TG2012PTC084135	KIRTHI POWER SOLUTIONS PRIVATE LIMITED	Director	02-01-2014	12-11-2012	-	Active	NO
15	U40105TG2013PTC090674	RENEN VIDHYUT PRIVATE LIMITED	Director	30-01-2014	30-01-2014	-	Active	NO
16	U24232TG2012PTC084134	VARIJA PHARMA PRIVATE LIMITED	Director	11-06-2014	11-06-2014	-	Active	NO

Name :

Srivatsava Sunkara

Designation :

Director

Address :

F-401, Lakshmi Vihar, G-56, Madhuranagar, Hyderabad – 500044, Telangana, India

Date of Birth/Age :

06.08.1976

Date of Appointment :

24.10.2013

DIN No.:

01725431

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	U72200TG2007PTC055547	REMOTETIGER SOFTWARE PRIVATE LIMITED	Director	17-09-2007	17-09-2007	01-04-2011	Active	NO
2	U40102TG2008PTC059474	TULIP POWER GENERATIONS PRIVATE LIMITED	Managing director	03-06-2008	03-06-2008	19-07-2013	Active	NO
3	U45400TG2008PTC060256	SREE SRINIVASA PADMAVATHI REALTORS PRIVATE LIMITED	Director	23-07-2008	23-07-2008	-	Active	YES
4	U40104TG2010PTC067569	SRI SAI KEERTHI POWER PROJECTS PRIVATE LIMITED	Director	17-03-2010	17-03-2010	-	Active	NO
5	U40102KA2008PTC046857	SAI SIMRITA POWER PRIVATE LIMITED	Director	04-07-2011	04-07-2011	27-09-2014	Active	NO
6	U40106TG2012PTC078902	YASASVEE SOLAR ENERGY PRIVATE LIMITED	Director	02-02-2012	02-02-2012	-	Active	NO
7	U40300TG2012PTC083941	RENENCORE ENERGY SOLUTIONS PRIVATE LIMITED	Director	14-12-2012	14-12-2012	-	Active	NO
8	U40105TG2012PTC084967	RENEN SOLAR PRIVATE LIMITED	Director	21-03-2013	21-03-2013	21-08-2015	Active	NO
9	U40106TG2013PTC089184	RENEN SOLAR POWER PRIVATE LIMITED	Director	29-07-2013	29-07-2013	02-06-2015	Active	NO
10	U40105TG2013PTC090674	RENEN VIDHYUT PRIVATE LIMITED	Director	24-10-2013	24-10-2013	-	Active	NO
11	U40102TG2013PTC090676	RENEN OORJA PRIVATE LIMITED	Director	24-10-2013	24-10-2013	-	Active	NO
12	U40103TG2013PTC090680	GREEN VIDHYUT PRIVATE LIMITED	Director	24-10-2013	24-10-2013	-	Active	NO
13	U70102TG2013PTC086930	BETELNUT ESTATES PRIVATE LIMITED	Director	01-07-2014	01-07-2014	-	Active	NO
14	U40300TG2015PTC100606	RENEN SOLAR ENERGY PRIVATE LIMITED	Director	07-09-2015	07-09-2015	-	Active	NO

Name :

Shwetha Lakshmi Sunkara

Designation :

Director

Address :

S1, Vasisthas Avanthi Apartments Plot No.461, Jubilee Hills Road No.86, Hyderabad - 500033, Andhra Pradesh, India

Date of Appointment :

30.09.2015

DIN No.:

02706436

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	Company/ LLP Status	Defaulting status
1	U72200TG2007PTC055547	REMOTETIGER SOFTWARE PRIVATE LIMITED	Director	01-08-2009	01-08-2009	Active	NO
2	U45400TG2008PTC060256	SREE SRINIVASA PADMAVATHI REALTORS PRIVATE LIMITED	Director	01-08-2009	01-08-2009	Active	YES
3	U40103TG2013PTC090680	GREEN VIDHYUT PRIVATE LIMITED	Director	03-06-2015	03-06-2015	Active	NO
4	U40102TG2013PTC090676	RENEN OORJA PRIVATE LIMITED	Director	04-06-2015	04-06-2015	Active	NO
5	U40105TG2013PTC090674	RENEN VIDHYUT PRIVATE LIMITED	Director	30-09-2015	12-08-2015	Active	NO
6	U40300TG2015PTC100606	RENEN SOLAR ENERGY PRIVATE LIMITED	Director	07-09-2015	07-09-2015	Active	NO

Name :

Bodimalla Ramanath Reddy

Designation :

Director

Address :

D. No 11-957, Aravinda Nagar, Anantapur - 515001, Andhra Pradesh, India

Date of Appointment :

30.09.2015

DIN No.:

07038575

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	Company/ LLP Status	Defaulting status
1	U34100TG2014PTC095474	SRIUMA AUTOMOBILES INDIA PRIVATE LIMITED	Director	05-12-2014	05-12-2014	Active	NO
2	U45400AP2011PTC077296	PARVATHI PROJECTS PRIVATE LIMITED	Additional director	28-01-2015	28-01-2015	Active	NO
3	U40102TG2008PTC059474	TULIP POWER GENERATIONS PRIVATE LIMITED	Additional director	28-01-2015	28-01-2015	Active	NO
4	U40105TG2013PTC090674	RENEN VIDHYUT PRIVATE LIMITED	Director	30-09-2015	08-06-2015	Active	NO

KEY EXECUTIVES

Name :	Mr. Rajan
Designation :	Accounts Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 24.09.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Srivatsava Sunkara	5000	50.00
Rajiv Reddy Maddula	5000	50.00
Total	10000	100.00

AS ON 24.09.2014

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the business of Power Generation, Transmission and Distribution and other related activities.
Brand Names :	--
Agencies Held :	--
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 (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

Customers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

No. of Employees :

Not Divulged

Bankers :

Bank Name:	Not Divulged
Branch:	Not Divulged
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 A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

Facilities :

--

Banking Relations :	--
Auditors :
Name :	P. Murali and Company Chartered Accountants
Address :	6-3-655/2/3, Somajiguda, Hyderabad – 500082, Andhra Pradesh, India
Income-tax PAN of auditor or auditor's firm :	AADFP2033K
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1,000,000	Equity Shares	Rs. 10/- each	Rs. 10.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10,000	Equity Shares	Rs. 10/- each	Rs. 0.100 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100
(b) Reserves & Surplus	(1.271)
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	(1.171)
(3) Non-Current Liabilities
(a) Long-term borrowings	1.325
(b) Deferred tax liabilities (Net)	0.000
(c) Other long term liabilities	0.000
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	1.325
(4) Current Liabilities
(a) Short term borrowings	0.000
(b) Trade payables	0.000
(c) Other current liabilities	0.000
(d) Short-term provisions	0.015
Total Current Liabilities (4)	0.015
TOTAL	0.169
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	0.000
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	0.000
(e) Other Non-current assets	0.000
Total Non-Current Assets	0.000
(2) Current assets
(a) Current investments	0.000
(b) Inventories	0.000
(c) Trade receivables	0.000
(d) Cash and cash equivalents	0.150
(e) Short-term loans and advances	0.000
(f) Other current assets	0.019
Total Current Assets	0.169
TOTAL	0.169

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014
	SALES
		Revenue from Operations	0.000
		Other Income	0.000
		TOTAL	0.000
Less	EXPENSES
		Administrative Expenses	1.270
		TOTAL	1.270
	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		(1.270)
Less	FINANCIAL EXPENSES		0.001
	PROFIT BEFORE TAX		(1.271)
Less	TAX		0.000
	PROFIT AFTER TAX		(1.271)
	Earnings Per Share (Rs.)		(127.1)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

PARTICULARS	31.03.2014
Current Maturities of Long term debt	NA
Cash generated from operations	NA
Net Cash flow from (used in) Operations	NA

KEY RATIOS

PARTICULARS		31.03.2014
Net Profit Margin (PAT / Sales)	(%)	0.00
Return on Total Assets (PBT/Total Assets}	(%)	(752.07)
Return on Investment (ROI) (PBT/Networth)		1.09
Debt Equity Ratio (Total Liability/Networth)		(1.13)
Current Ratio (Current Asset/Current Liability)		11.27

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	No
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	No
20	Banking Details	No
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 one year	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last one year	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

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

UNSECURED LOANS

PARTICULARS	31.03.2014 (Rs. In Million)
LONG-TERM BORROWINGS
From Related Parties
Renen Solar Private Limited	1.300
Others	0.025
Total	1.325

ABOUT THE COMPANY

The Company was incorporated on 25.03.2014 to carry on the business of Power Generation, Transmission and Distribution and other related activities. The present Authorised Share Capital of the Company is Rs. 10.000 Million. The Issued, Subscribed and paid up share capital of the company stands at Rs. 0.100 Million. During the company has not started any business.

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. 66.14
UK Pound	1	Rs. 100.55
Euro	1	Rs. 71.26

INFORMATION DETAILS

Information Gathered by :	KMN
Analysis Done by :	AMR
Report Prepared by :	BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	1
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	1
--PROFITABILIRY	1~10	1
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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		11

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.