MIRA INFORM REPORT

 

 

Report No. :

490130

Report Date :

03.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

SORORITY TRADERS PRIVATE LIMITED

 

 

Registered Office :

205, 2nd Floor, Cescent Business Park, Andheri Kurla Road, Near SKN Telephone Exchange, Sakinaka, Andheri, Mumbai-400072, Maharashtra

Mobile No.:

91-9773871442 (Mr. Rakesh Rathi)

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

28.06.2016

 

 

Com. Reg. No.:

11-283013

 

 

Capital Investment / Paid-up Capital :

INR 0.500 Million

 

 

CIN No.:

[Company Identification No.]

U74999MH2016PTC283013

 

 

IEC No.:

Not Divulged

 

 

GSTIN :

27AAXCS2922B1Z8

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Divulged

 

 

PAN No.:

[Permanent Account No.]

AAXCS2922B

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

·         Subject is engaged in the business of trading, importing, wholesaling, retailing and dealing in all types of agro-inputs like pulses, rice, wheat, channa, fertilizers, micronutrients, pesticides and insecticides, veterinary and livestock feeds and feed supplements, fish feeds and its supplements and to buy, import, export, sell and generally deal in all types of modern agricultural implements, veterinary, livestock and poultry equipments and also to carry business of poultry, farming, agricultural farming, fish rearing and allied activities. (Registered Activity)

 

·         Trading and Distribution of various kind of merchandise like textile, garments, chemicals and petrochemicals, electronics and electrical item, machinery tools, papers, cement, coal, engineering goods, steel and steel related items appliances, steel and steel related items, Ferrous and Non-Ferrous, plastic material, slag, gypsum etc. equipment's. (Confirmed by management)

 

 

No. of Employees :

7 (Approximately)

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

B

 

Credit Rating

Explanation

Rating Comments

B

Medium Risk

Business dealings permissible on a regular monitoring basis

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Sorority Traders Private Limited was incorporated on 28th June 2016. It is a trader and distributor of various kind of merchandise like textile, garments, chemicals and petrochemicals, electronics and electrical item, machinery tools, papers, cement, coal, engineering goods, steel and steel related items, etc.

 

As per the financial records of 2017, the company has achieved sales turnover of INR 98.490 million and has reported a low net profit margin of 0.35%.

 

The overall financial position of the company seems to be moderate marked by average net worth base along with zero debt balance sheet profile and low reserve base.

 

The subject’s customer, Shine Agrotechnology Private Limited has given positive feedback and is satisfied with the subject’s product quality and delivery behaviour. Supplier (Truvalue Ventures Private Limited) has also given positive feedback and is satisfied with the subject’s payment behaviour. Subject’s bank (Yes Bank Limited) has also given positive feedback and is satisfied with the subject’s banking transaction.

 

Business is active. Payment seems to be slow but correct.

 

In view of aforesaid, 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

 

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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 31-03-2016.

 

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

 

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 03.02.2018

 

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

 

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

 

INFORMATION PARTED BY

 

Name :

Mr. Rakesh Kumar Rathi

Designation :

Director

Contact No.:

91-9773871442

 

 

LOCATIONS

 

Registered Office :

205, 2nd Floor, Cescent Business Park, Andheri Kurla Road, Near SKN Telephone Exchange, Sakinaka, Andheri, Mumbai-400072, Maharashtra, India  

Tel. No.:

Not Available

Mobile No.:

91-9773871442/ 9960564555 (Mr. Rakesh Kumar Rathi)

Fax No.:

Not Available

E-Mail :

steelwoodsindia@gmail.com

Location :

Rented

Locality :

Commercial

 

 

DIRECTORS

 

As on 31.03.2017

 

Name :

Mr. Rakesh Rathi

Designation :

Director

Address :

B 1304, Shiv Shrushti CHSL, Link Road, Mahavir Nagar, Kandivali (West), Mumbai-400067, Maharashtra, India

Date of Birth/Age :

30.06.1974

Qualification :

B.Com, CA

Date of Appointment :

01.05.2017

DIN No.:

07691714

Mobile No.:

91-9960564555

Aadhar No.:

5031 8692 0131

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U67200DL2005PTC133457

EFFICIENT INSURANCE BROKERS PRIVATE LIMITED

31/10/2017

-

U74900MH2015PTC271329

CKP WEALTH MANAGEMENT PRIVATE LIMITED

10/10/2017

-

U74999MH2016PTC282949

GLOWINGSTAR TRADING PRIVATE LIMITED

01/05/2017

-

U93000MH2017PTC291314

PARTHIV CORPORATE ADVISORY PRIVATE LIMITED

16/02/2017

-

U74999MH2017PTC294373

PARTHIV INSURANCE BROKING AND ADVISORY SERVICES PRIVATE LIMITED

26/04/2017

-

U80902MH2017PTC303355

ENDURANCE EDUTORIAL PRIVATE LIMITED

27/12/2017

-

U55209MH2018PTC303591

FOODIDOM KRAFT HOSPITALITY PRIVATE LIMITED

02/01/2018

-

 

 

Name :

Mr. Shridhar Nathmal Rathi

Designation :

Director

Address :

B 1304, Shiv Shrushti CHSL, Link Road, Mahavir Nagar, Kandivali (West), Mumbai-400067, Maharashtra, India

Date of Birth/Age :

09.09.1946

Date of Appointment :

01.05.2017

DIN No.:

07691702

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U74900MH2015PTC271329

CKP WEALTH MANAGEMENT PRIVATE LIMITED

10/10/2017

-

U74999MH2016PTC282949

GLOWINGSTAR TRADING PRIVATE LIMITED

01/05/2017

-

U93000MH2017PTC291314

PARTHIV CORPORATE ADVISORY PRIVATE LIMITED

16/02/2017

-

 

 

MAJOR SHAREHOLDERS

 

As on 31.03.2017

 

Names of Shareholders

No. of Shares

% of Holding

Rakesh Rathi

25000

50.00

Shridhar Nathmal Rathi

25000

50.00

Total

50000

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

·         Subject is engaged in the business of trading, importing, wholesaling, retailing and dealing in all types of agro-inputs like pulses, rice, wheat, channa, fertilizers, micronutrients, pesticides and insecticides, veterinary and livestock feeds and feed supplements, fish feeds and its supplements and to buy, import, export, sell and generally deal in all types of modern agricultural implements, veterinary, livestock and poultry equipments and also to carry business of poultry, farming, agricultural farming, fish rearing and allied activities. (Registered Activity)

 

·         Trading and Distribution of various kind of merchandise like textile, garments, chemicals and petrochemicals, electronics and electrical item, machinery tools, papers, cement, coal, engineering goods, steel and steel related items appliances, steel and steel related items, Ferrous and Non-Ferrous, plastic material, slag, gypsum etc. equipment's. (Confirmed by management)

 

 

Products / Services :

·         Textile

·         Garments

·         Chemicals and Petrochemicals

·         Electronics and Electrical Item

·         Machinery Tools

·         Papers

·         Cement

·         Coal

·         Engineering goods

·         Steel and steel related items appliances

·         Steel and steel related items

·         Ferrous and Non-Ferrous

·         Plastic Material

·         Slag

·         Gypsum

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Credit (60-90 Days)

 

 

Purchasing :

Credit (30-45 Days)

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

 

GENERAL INFORMATION

 

Suppliers :

 

Reference :

Truvalue Ventures Private Limited

Name of the Person :

Mr. Aditya Poddar

Contact No.:

91-7678092255

Since How Long Known :

1 Year

Maximum Limit Dealt :

--

Experience :

Payment Behaviour

Market Goodwill

Overall

Good

Good

Good

Remark:

As claimed by Mr. Aditya Poddar that they are satisfied with the subject company transaction

 

 

Customers :

Wholesaler, Retailers, End Users, Agriculture Industry, Electronics Industry and Trading firms

 

Reference :

Shine Agrotechnology Private Limited

Name of the Person :

Ms. Reen Nadar

Contact No.:

91-9619878072

Since How Long Known :

1 Year

Maximum Limit Dealt :

--

Experience :

Product Quality

Delivery Behaviour

Overall

Good

Good

Good

Remark:

As claimed by Ms. Reen Nadar that they are satisfied with the subject company transaction

 

 

No. of Employees :

7 (Approximately)

 

 

Bankers :

Banker Name :

Yes Bank Limited

Branch :

Shop No. 1,2,3,4 and 5 Ground Floor, Abhilasha-1, Punjabi Lane, Borivali, (West), Mumbai – 400092, Maharashtra, India

Person Name (With Designation) :

Ms. Priyanka Lakhupota (RM)

Contact Number :

91-9920220505

Name of Account Holder :

Sorority Traders Private Limited

Account Number :

016481300000032

Account Since (Date/Year of Account Opening) :

21.06.2017

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

Not Available

Account Operation :

Current Account

Remark :

As claimed by Ms. Priyanka Lakhupota that they are satisfied with the subject company transaction

 

Auditors :

 

Name :

Harshita S. Jain

Chartered Accountants

Address :

21/Ram Niwas, 2nd Floor, 7th Khetwadi, S.V.P. Road, Mumbai – 400004, Maharashtra, India

E-Mail :

harshitajain811@gmail.com

Membership No.:

157144

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

As on 13.12.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

250000

Equity Shares

INR 10/- each

INR 2.500 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

50000

Equity Shares

INR 10/- each

INR 0.500 Million

 

 

 

 

 

As on 31.03.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

100000

Equity Shares

INR 10/- each

INR 1.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

50000

Equity Shares

INR 10/- each

INR 0.500 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are INR Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

 

31.03.2017

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

 

 

0.500

(b) Reserves & Surplus

 

 

0.349

(c) Money received against share warrants

 

 

0.000

 

 

 

 

(2) Share Application money pending allotment

 

 

0.000

Total Shareholders’ Funds (1) + (2)

 

 

0.849

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

 

 

0.000

(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)

 

 

0.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

 

 

0.000

(b) Trade payables

 

 

78.632

(c) Other current liabilities

 

 

0.857

(d) Short-term provisions

 

 

0.000

Total Current Liabilities (4)

 

 

79.489

 

 

 

 

TOTAL

 

 

80.338

 

 

 

 

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

 

 

55.091

(d) Cash and cash equivalents

 

 

0.565

(e) Short-term loans and advances

 

 

23.732

(f) Other current assets

 

 

0.950

Total Current Assets

 

 

80.338

 

 

 

 

TOTAL

 

 

80.338

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

 

31.03.2017

 

SALES

 

 

 

 

Income

 

 

98.490

 

Other Income

 

 

0.950

 

TOTAL

 

 

99.440

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Purchases of Stock-in-Trade

 

 

98.807

 

Employees benefits expense

 

 

0.036

 

Other expenses

 

 

0.091

 

TOTAL

 

 

98.934

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

 

 

0.506

 

 

 

 

 

Less

TAX

 

 

0.157

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

 

 

0.349

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

 

 

0.70

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

 

 

31.03.2017

Current Maturities of Long term debt

 

 

NA

Cash generated from operations

 

 

NA

Net cash flows from (used in) operations

 

 

NA

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

 

 

31.03.2017

Average Collection Days

(Sundry Debtors / Income * 365 Days)
 

 

204.17

 
 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)
 

 

1.79

 
 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)
 

 

290.47

 
 

 

 

Inventory Turnover

(Operating Income / Inventories)
 

 

0.00

 
 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)
 

 

0.00

 

 

LEVERAGE RATIOS

 

PARTICULARS

 

 

 

31.03.2017

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)
 

 

0.99

 
 

 

 

Debt Equity Ratio

(Total Liability / Networth)
 

 

0.00

 
 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)
 

 

93.63

 
 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)
 

 

0.00

 

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

 

 

31.03.2017

Net Profit Margin

((PAT / Sales) * 100)

%
 

 

0.35

 

 
 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%
 

 

0.43

 

 
 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%
 

 

41.11

 

 

SOLVENCY RATIOS

 

PARTICULARS

 

 

 

31.03.2017

Current Ratio

(Current Assets / Current Liabilities)
 

 

1.01

 
 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)
 

 

1.01

 
 

 

 

G-Score Ratio Financial

(Networth / Total Assets)
 

 

0.01

 
 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)
 

 

0.00

 
 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)
 

 

1.01

 

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

 

 

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)

 

16]

No. of employees

Yes

17]

Details of sister concerns

No

18]

Major suppliers

Yes

19]

Major customers

Yes

20]

Banking Details

Yes

21]

Banking facility details

Yes

22]

Conduct of the banking account

Yes

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 about nine months

Yes

27]

Reasons for variation <> 20%

--

28]

Estimation for coming financial year

No

29]

Profitability for last about nine months

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

 

CORPORATE INFORMATION

 

The Company was incorporated on June 28, 2016 in the state of Maharashtra. APPL is engaged in the business of trading, importing, wholesaling, retailing and dealing in all types of agro-inputs like pulses, rice, wheat, channa, fertilizers, micronutrients, pesticides and insecticides, veterinary and livestock feeds and feed supplements, fish feeds and its supplements and to buy, import, export, sell and generally deal in all types of modern agricultural implements, veterinary, livestock and poultry equipments and also to carry business of poultry, farming, agricultural farming, fish rearing and allied activities.

 

 

INDEX OF CHARGES: NO CHARGES EXISTS FOR COMPANY

 

 

 

 

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 records 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

INR

US Dollar

1

INR 63.61

UK Pound

1

INR 90.17

Euro

1

INR 78.95

 

 

INFORMATION DETAILS

 

Information Gathered by :

SHA

 

 

Analysis Done by :

NIY

 

 

Report Prepared by :

JYTK

 

 

SCORE FACTORS

 

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

 

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

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.
 
 

·