MIRA INFORM REPORT

 

 

Report No. :

339042

Report Date :

04.09.2015

 

IDENTIFICATION DETAILS

 

Name :

CARNIVAL MEDIA PRIVATE LIMITED

 

 

Registered Office :

FM-18, Mansarovar Complex, 7 No Stop Shivaji Nagar, Bhopal-462016, Madhya Pradesh

Tel. No.:

91-22-61983180

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

16.12.2011

 

 

Com. Reg. No.:

10-027301

 

 

Capital Investment / Paid-up Capital :

Rs. 0.100 Million

 

 

CIN No.:

[Company Identification No.]

U22120MP2011PTC027301

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

BPLCO2879C

 

 

PAN No.:

[Permanent Account No.]

AAECC6436F

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is engaged into Media and Entertainment Activities.

 

 

No. of Employees :

30 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca (12)

 

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 :

Slow

 

 

Litigation :

Clear

 

 

Comments :

Subject is a part of Carnival Group, it was incorporated in the year 2011. It has a moderate track record.

 

For the financial year 2014, the company has incurred accumulated losses, it possesses unhealthy operational activity.

 

Further, the rating is constrain on account that it has weak balance sheet profile along and the net worth position of the company is eroded.

 

However, trade relations are fair. Business is active. Payments terms are slow.

 

In view of losses incurred and weak financial risk profile, the company can be considered for business dealings on fully safe and secure 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 31-03-2013.

 

 

INFORMATION PARTED BY (GENERAL DETAILS)

 

Name :

Ms. Vinita Shedge

Designation :

Accountant

Contact No.:

91-22-61983180

Date :

01.09.2015

 

 

LOCATIONS

 

Registered Office :

FM-18, Mansarovar Complex, 7 No Stop Shivaji Nagar, Bhopal-462016, Madhya Pradesh, India

Tel. No.:

Not Available

Mobile No.:

91-9664805893 (Ms. Vinita Shedge)

Fax No.:

Not Available

E-Mail :

sanjiv.singh@groupcarnival.com

vinita.shedge@carnivalcinemas.in

Website :

http://www.carnivalmedia.in

 

 

Corporate Office :

414, 4th Floor, A-Wing, Express Zone, Off. Western Express Highway, Malad (East), Mumbai-400097, Maharashtra, India

Tel. No.:

91-22-61983180

Fax No.:

91-22-61983131

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mr. Jijo John

Designation :

Director

Address :

1504 15th Floor CS No. 827 Orchid Mantri Park, Film City Road Goregao East, Mumbai-400065, Maharashtra, India

Date of Birth/Age :

22.06.1973

Date of Appointment :

05.03.2014

DIN No.:

01822115

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

U05121MH2004PTC199195

ADVANTAGE OVERSEAS PRIVATE LIMITED

Director

18-09-2007

18-09-2007

01-04-2015

Active

NO

2

U67190MP2003PTC015654

AMG MARKETING AND FINANCIAL SERVICES PRIVATE LIMITED

Director

05-11-2009

05-11-2009

-

Active

NO

3

U92100MH2010PTC206845

AOPL ENTERTAINMENT PRIVATE LIMITED

Director

23-08-2010

23-08-2010

01-04-2011

Active

NO

4

U52599MP2013PTC030247

PANASIA COMMODITY TRADING PRIVATE LIMITED

Director

11-03-2013

11-03-2013

18-08-2014

Active

NO

5

U11200MP2013PTC031416

ADVANTAGE OILS PRIVATE LIMITED

Director

06-09-2013

06-09-2013

-

Active

NO

6

U80904MP2013NPL031932

CARNIVAL EDUTECH FOUNDATIONS

Director

11-12-2013

11-12-2013

-

Active

NO

7

U22120MP2011PTC027301

CARNIVAL MEDIA PRIVATE LIMITED

Director

05-03-2014

05-03-2014

-

Active

NO

8

U55101MP2014PTC033263

CAT LEISURES PRIVATE LIMITED

Director

25-09-2014

25-09-2014

-

Active

NO

9

U74140MP2011PTC025185

GLOBAL BUSINESS CONEXXTIONS PRIVATE LIMITED

Additional director

01-04-2015

01-04-2015

-

Active

NO

10

U65990MH1996PTC098250

CARNIVAL SOFT PRIVATE LIMITED

Additional director

12-08-2015

12-08-2015

-

Active

NO

 

 

Name :

Mr. Sony Ravindranath

Designation :

Director

Address :

Surabhi, Vengoor, Kidangoor P O, Angamaly Ernakulam-683591, Kerala, India

Date of Appointment :

20.01.2015

DIN No.:

05003112

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

U15400MP2011PTC026424

TRAVANCORE FOODS INDIA PRIVATE LIMITED

Additional director

02-04-2012

02-04-2012

-

Active

NO

2

U80904MP2013NPL031932

CARNIVAL EDUTECH FOUNDATIONS

Director

11-12-2013

11-12-2013

-

Active

NO

3

U74120MP2013PTC031985

VAARTHA NEWS NETWORK PRIVATE LIMITED

Director

03-01-2014

03-01-2014

-

Active

NO

4

U55101KL1999PTC012841

TRICHUR TOWERS HOTEL PRIVATE LIMITED

Nominee director

01-09-2014

01-09-2014

-

Active

NO

5

U55101MP2013PTC030249

GBC MEGA MOTELS PRIVATE LIMITED

Additional director

04-11-2014

04-11-2014

-

Active

NO

6

U22120MP2011PTC027301

CARNIVAL MEDIA PRIVATE LIMITED

Director

20-01-2015

20-01-2015

-

Active

NO

7

U52599MP2013PTC030247

PANASIA COMMODITY TRADING PRIVATE LIMITED

Additional director

11-05-2015

11-05-2015

-

Active

NO

8

U74120MH2012PTC232410

CINEMA VENTURES PRIVATE LIMITED

Additional director

01-08-2015

01-08-2015

-

Active

NO

9

U70200MH2010PTC204622

LEELA LACE INFO PARK PRIVATE LIMITED

Additional director

12-08-2015

12-08-2015

-

Active

NO

10

AAA-0599

NANDANAM TOURS AND TRAVELS LIMITED LIABILITY PARTNERSHIP

Designated Partner

14-01-2010

14-01-2010

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Ms. Vinita Shedge

Designation :

Accountant

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2014

 

Names of Shareholders

No. of Shares

 

No. of Shares

 

Asian Business Connections Private Limited, India

7500

75.00

Shrikant Bhasi

2500

25.00

Total

10000

100.00

 

 

 

AS ON 30.09.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Bodies corporate

75.00

Other top fifty shareholders

25.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged into Media and Entertainment Activities.

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

 

Products :

--

Countries :

--

 

 

Imports :

 

Products :

--

Countries :

--

 

 

Terms :

 

Selling :

Cash

 

 

Purchasing :

Cash

 

 

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 :

Others

 

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

 

·         ICICI Bank

·         Videocon

·         Bunge

·         Eesha Designs

·         Frames

·         Berala (God’s Own Country)

 

 

No. of Employees :

30 (Approximately)

 

 

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 :

SECURED LOANS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Loans repayable on demand

 

 

From Other Parties

57.221

17.498

 

 

 

Total

57.221

17.498

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Priyanka Ritesh and Associates

Chartered Accountants

Address :

M-154, Gautam Nagar, Govindpura, Bhopal-462023, Madhya Pradesh, India

Mobile No.:

91-9303113468

E-Mail :

capriyankaritesh@gmail.com

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

AIIPG4331N

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Holding Company :

Asian Business Connections Private Limited (U51109MPTC022634)

 

 

Where control exists/  Companies under common control :

·         Global Business Connexxtions Private Limited

·         Advantage Overseas Private Limited

·         Atlantic Commodities Private Limited

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

50000

Equity Shares

Rs. 10/- each

Rs. 0.500 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10000

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

31.03.2013

31.03.2012

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

0.100

0.100

0.100

(b) Reserves & Surplus

0.000

0.000

0.130

(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)

0.100

0.100

0.230

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

57.221

17.498

2.199

(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)

57.221

17.498

2.199

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

0.605

0.436

0.755

(c) Other current liabilities

0.302

1.910

0.228

(d) Short-term provisions

0.000

0.000

0.000

Total Current Liabilities (4)

0.907

2.346

0.983

 

 

 

 

TOTAL

58.228

19.944

3.412

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

2.457

3.835

0.117

(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

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

2.457

3.835

0.117

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

4.579

4.304

0.000

(c) Trade receivables

6.095

0.808

1.132

(d) Cash and cash equivalents

8.078

1.316

1.299

(e) Short-term loans and advances

0.000

0.000

0.828

(f) Other current assets

0.000

0.000

0.000

 

 

 

 

(3) Misc. Expenses (Assets)

 

 

 

(i) Profit and Loss Account- Debit Balance

37.019

9.653

0.000

(ii) Preliminary Expenses not Written off

0.000

0.028

0.036

 

 

 

 

Total Current Assets

55.771

16.109

3.295

 

 

 

 

TOTAL

58.228

19.944

3.412

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

TOTAL                                    

50.940

11.721

NA

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

78.307

21.504

NA

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX

(27.367)

(9.783)

NA

 

 

 

 

 

Less

TAX                                                                 

0.000

0.000

NA

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

(27.367)

(9.783)

0.130

 

 

 

 

 

 

Earnings/ (Loss)  Per Share (Rs.)

(2736.7)

(978.3)

13.0

 

 

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 Flow from used in Operations

NA

                   NA

NA

 

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Return on Total Assets

(PBT/Total Assets}

(%)

(47.00)

(49.05)

NA

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

(273.67)

(97.83)

NA

 

 

 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 

572.21

174.98

9.56

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

61.49

6.87

3.35

 

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

 

 

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

0.100

0.100

0.100

Reserves & Surplus

0.130

0.000

0.000

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

0.230

0.100

0.100

 

 

 

 

Long-term borrowings

2.199

17.498

57.221

Short term borrowings

0.000

0.000

0.000

Total borrowings

2.199

17.498

57.221

Debt/Equity ratio

9.561

174.980

572.210

 

 

 

 

 

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

Yes

20

Banking Details

No

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

 

 

 

 

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY


FIXED ASSETS:

 

Tangible Assets

 

·         Mobile

·         Office Equipment

·         Computer and Printer

 

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. 66.23

UK Pound

1

  Rs. 101.22

Euro

1

Rs. 74.33

 

 

INFORMATION DETAILS

 

Information Gathered by :

GYT

 

 

Analysis Done by :

TRI

 

 

Report Prepared by :

IND

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

2

PAID-UP CAPITAL

1~10

2

OPERATING SCALE

1~10

2

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

2

--PROFITABILIRY

1~10

--

--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

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

 

12

 

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.