MIRA INFORM REPORT

 

 

Report No. :

346035

Report Date :

20.10.2015

 

IDENTIFICATION DETAILS

 

Name :

ANDRITZ TECHNOLOGIES PRIVATE LIMITED

 

 

Registered Office :

3rd Floor, Magnolia, Manyata Embassy Business Park, Hebbal, Bangalore – 560045, Karnataka

Tel. No.:

91-80-25444640

 

 

Country :

India

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

20.07.1998

 

 

Com. Reg. No.:

08-023971

 

 

Capital Investment / Paid-up Capital :

Rs. 3.100 Million

 

 

CIN No.:

[Company Identification No.]

U29246KA1998PTC023971

 

 

IEC No.:

0798011319

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AACCA3495Q

 

 

Legal Form :

Private Limited Liability Company.

 

 

Line of Business :

Company is engaged in the business of construction, design, drawing and supervision of hydrochloric and regeneration plant and picking line and also trader of metal and pulp and paper.

 

 

No. of Employees :

255 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A (60)

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in the year 1998 having fine track record.

 

For the financial year ended 2014, company possesses healthy operational performance and it has maintained above average profitability margins at 1.09% during the year under a review.

 

Rating also takes into consideration company’s established track record of business operations supported by its healthy financial position along with zero debt balance and sound debt protection indicators of the company.

 

Trade relations are reported as fair. Payments are reported to be regular and as per commitment.

 

In view of aforesaid, the company can be considered good for normal business dealings at 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 31-03-2015.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Ganesh

Designation :

Finance Department

Contact No.:

91-44-42939393

Date :

19.10.2015

 

Name :

Mrs. Meenakshi

Designation :

Accountant

Contact No.:

91-44-42939393

Date :

19.10.2015

 

 

LOCATIONS

 

Registered Office :

3rd Floor, Magnolia, Manyata Embassy Business Park, Hebbal, Bangalore – 560045, Karnataka, India

Tel. No.:

91-80-25444640/ 41/ 42

Mobile No.:

91-9900902339 (Mr. Ganesh)

Fax No.:

91-80-23465997

E-Mail :

Meenakshi.natrajan@andritz.com

atech@andritz.com

Website :

http://www.andritz.com

Location :

Leased

Locality :

Commercial

 

 

Warehouse:

The lords, Block-II, Plot No.1 and 2, IIIrd Floor, Thiru-Vi-Ka Indusrial Estate, Jawarharlal Nehru Road,Guindy, Chennai – 600032, Tamilnadu, India

 

 

DIRECTORS

 

AS ON 30.06.2015

 

Name :

Gerhard Jauk

Designation :

Director

Address :

Marterbauer Strasse 19, Purkersdorf, A3002, Austria

Date of Birth/Age :

11.06.1954

Date of Appointment :

18.02.2000

DIN No.:

03305382

 

 

Name :

Heinz Autischer

Designation :

Director

Address :

Gartengasse 26/11, Graz, 8010, Austria

Date of Birth/Age :

30.01.1970

Date of Appointment :

28.02.2014

DIN No.:

06824574

 

 

Name :

Brijesh Anand

Designation :

Director

Address :

40/60 Ground Floor, Chittranjan Park, New Delhi - 110019, India

Date of Appointment :

15.09.2014

DIN No.:

06868893

 

 

Name :

Mahadevan Anand

Designation :

Director

Address :

C-001, Yamuna Apartments, Alaknanda, New Delhi - 110019, India

Date of Appointment :

15.09.2014

DIN No.:

00088683

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

U04010MP1996PTC011430

ANDRITZ HYDRO Private Limited

Managing director

26/03/2009

04/03/1998

-

Active

NO

2

U51101DL1997PTC191150

ANDRITZ INDIA PRIVATE LIMITED

Managing director

26/04/1999

26/04/1999

-

Active

NO

3

U99999MP1976PTC021224

VA TECH ESCHER WYSS FLOVEL Private LTD

Director

22/02/2000

22/02/2000

-

Amalgamated

NO

4

U74999DL2001NPL112520

INDO AUSTRIAN BUSINESS FORUM

Director

19/05/2005

19/05/2005

-

Active

NO

5

U29246KA1998PTC023971

ANDRITZ TECHNOLOGIES PRIVATE LIMITED

Director

30/06/2015

15/09/2014

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Ganesh

Designation :

Finance Department

 

 

Name :

Mrs. Meenakshi

Designation :

Accountant

 

 

MAJOR SHAREHOLDERS

 

AS ON 30.06.2015

 

Names of Shareholders

 

No. of Shares

Andritz AG

 

309999

Anstalt FUR StromuNgsmasehinen Gmbh

 

1

 

 

 

Total

 

310000

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 30.06.2015

 

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

100.00

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Company is engaged in the business of construction, design, drawing and supervision of hydrochloric and regeneration plant and picking line and also trader of metal and pulp and paper.

 

 

Products :

Not Divulged

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Cheque

 

 

Purchasing :

Cheque

 

 

GENERAL INFORMATION

 

Suppliers :

Not Divulged

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 :

Not Divulged

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 :

255 (Approximately)

 

 

Bankers :

Banker Name

Credit Agricole Corporate and Investment Bank

Branch Address

Bangalore, Karnataka, 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)

Overdraft Rs. 150.000 Million

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

 

Auditors :

 

Name :

B S S R and Company

Chartered Accountants

Address :

Maruthi Info-Tech Centre 11-12/1 Inner Ring Road, Koramangala, Bangalore – 560071, Karnataka, India

Tel. No.:

91-80-39806000

Fax No.:

91-80-39806999

PAN No.:

AAKFB1884H

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Enterprises where control exists :
  • Andritz (China) Limited
  • Andritz A.G., Austria
  • Andritz AB, Sweden
  • Andritz Asselin-Thibeaau SAS, France
  • Andritz Automation Inc., USA
  • Andritz Energy and Environment, Germany
  • Andritz Feed and Biofuel B.V., Netherland
  • Andritz Feed and Biofuel Limited, United Kingdom
  • Andritz Feed and Biofuel, Denmark
  • Andritz Fiedler Gmbh, Germany
  • Andritz Inc., USA
  • Andritz Maerz Gmbh, Germany
  • Andritz OY, Finland
  • Andritz Perojet SAS, France
  • Andritz Selas, France
  • Andritz Separation (India) Private Limited
  • Shanghai Shende Machinery Company Limited
  • Andritz Hydro Limited
  • Andritz Automation Inc., USA
  • Andritz Brasil Limited
  • Andritz Kuster Gmbh, Germany
  • Andritz Thermtec B. V., Netherland

 

 

CAPITAL STRUCTURE

 

AS ON 30.06.2015

 

Authorised Capital:

No. of Shares

Type

Value

Amount

 

 

 

 

500000

Equity Shares

Rs.10/- each

Rs. 5.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital:

No. of Shares

Type

Value

Amount

 

 

 

 

310000

Equity Shares

Rs.10/- each

Rs. 3.100 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.12.2014

31.12.2013

31.12.2012

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

3.100

3.100

3.100

(b) Reserves & Surplus

279.604

271.145

201.244

(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)

282.704

274.245

204.344

 

 

 

 

(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

16.905

(d) long-term provisions

17.023

15.929

13.732

Total Non-current Liabilities (3)

17.023

15.929

30.637

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

2.079

62.420

(b) Trade payables

96.112

73.429

82.335

(c) Other current liabilities

323.360

177.625

163.065

(d) Short-term provisions

17.293

18.199

6.393

Total Current Liabilities (4)

436.765

271.332

314.213

 

 

 

 

TOTAL

736.492

561.506

549.194

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

24.806

23.424

21.788

(ii) Intangible Assets

8.634

8.340

7.310

(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)

36.186

21.131

7.571

(d)  Long-term Loan and Advances

68.769

38.656

57.795

(e) Other Non-current assets

0.000

0.000

35.532

Total Non-Current Assets

138.395

91.551

129.996

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

327.353

363.191

291.707

(d) Cash and cash equivalents

160.272

63.600

63.647

(e) Short-term loans and advances

78.764

40.118

38.904

(f) Other current assets

31.708

3.046

24.940

Total Current Assets

598.097

469.955

419.198

 

 

 

 

TOTAL

736.492

561.506

549.194

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.12.2014

 

31.12.2013

31.12.2012

 

SALES

 

 

 

 

Income

 

715.703

716.351

 

Other Income

 

20.887

7.844

 

TOTAL                                    

772.328

736.590

724.195

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

 

169.043

288.668

 

Employees benefits expense

 

278.925

189.425

 

Other expenses

 

163.844

99.718

 

TOTAL                                    

761.966

611.812

577.811

 

 

 

 

 

Less

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

Including

124.778

146.384

 

 

Financial

 

 

Less

FINANCIAL EXPENSES                                   

And

6.153

5.472

 

 

Depreciation

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

Expenses

118.625

140.912

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

 

14.784

17.658

 

 

 

 

 

 

PROFIT BEFORE TAX

10.362

103.841

123.254

 

 

 

 

 

Less

TAX                                                                 

1.903

33.941

41.578

 

 

 

 

 

 

PROFIT AFTER TAX

8.459

69.900

81.676

 

 

 

 

 

 

IMPORTS

 

 

 

 

Raw Materials

22.849

3.351

NA

 

TOTAL IMPORTS

22.849

3.351

NA

 

 

 

 

 

 

Earnings Per Share (Rs.)

27.29

225.49

263.47

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.12.2014

31.12.2013

31.12.2012

Current Maturities of Long term debt

NA

NA

NA

Cash generated from operations

NA

NA

NA

Net cash flow from (used in) operation

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.12.2014

31.12.2013

31.12.2012

Net Profit Margin

(PAT / Sales)

(%)

1.10

9.77

11.40

 

 
 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)
NA

17.43

20.43

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

1.48

19.22

22.76

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.04

0.38

0.60

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.00

0.01

0.31

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.37

1.73

1.33

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.12.2012

31.12.2013

31.12.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

3.100

3.100

3.100

Reserves & Surplus

201.244

271.145

279.604

Share Application money pending allotment

0.000

0.000

0.000

Net worth

204.344

274.245

282.704

 

 

 

 

long-term borrowings

0.000

0.000

0.000

Short term borrowings

62.420

2.079

0.000

Current Maturities of Long Term Debt

0.000

0.000

0.000

Total borrowings

62.420

2.079

0.000

Debt/Equity ratio

0.305

0.008

0.000

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.12.2012

31.12.2013

31.12.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

724.195

736.590

772.328

 

 

1.712

4.852

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.12.2012

31.12.2013

31.12.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

724.195

736.590

772.328

Profit

81.676

69.900

8.459

 

11.28%

9.49%

1.10%

 

 

 

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

No

19

Major customers

No

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

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

 

 

NOTE: Registered office of the company has been shifted from Makam Plaza No. 63/1, 3rd Main Road, 18th Cross, Malleswaram, Bangalore – 560055, Karnataka, India to the present address w.e.f. 02.04.2012.

 

 

UNSECURED LOAN

 

Particulars

As on

31.12.2014

As on

31.12.2013

SHORT TERM BORROWING

 

 

From banks

0.000

2.079

Total

0.000

2.079

 

 

 

 

 

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

 

FIXED ASSETS

 

 

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. 64.82

UK Pound

1

Rs.  100.12

Euro

1

Rs. 73.75

 

 

INFORMATION DETAILS

 

Information Gathered by :

GYT

 

 

Analysis Done by :

KAR

 

 

Report Prepared by :

JYO

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

7

PAID-UP CAPITAL

1~10

6

OPERATING SCALE

1~10

7

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

7

--PROFITABILITY

1~10

6

--LIQUIDITY

1~10

7

--LEVERAGE

1~10

6

--RESERVES

1~10

7

--CREDIT LINES

1~10

7

--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

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

60

 

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.