3decades

MIRA INFORM REPORT

Report No. :	485515
Report Date :	15.01.2018

IDENTIFICATION DETAILS

Name :	HEYPAC LIMITED

Formerly Known As :	· HI-POWER (HYDROMATICS) LIMITED · PUMPRAY LIMITED

Registered Office :	Unit 3 The Royston Centre Lynchford Road, Ash Vale Aldershot Gu12 5pq

Country :	United Kingdom

Financials (as on) :	31.03.2017

Date of Incorporation :	01.09.1978

Com. Reg. No.:	01386560

Legal Form :	Private limited with Share Capital

Line of Business :	Manufacture of pumps, compressors and general mechanical engineering

No. of Employees :	11

RATING & COMMENTS

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

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Good

Payment Behaviour :	No Complaints

Litigation :	Clear

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)

United Kingdom

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

UNITED KINGDOM - ECONOMIC OVERVIEW

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining; the UK has been a net importer of energy since 2005. Services, particularly banking, insurance, and business services, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output.

In 2008, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Falling home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets. Facing burgeoning public deficits and debt levels, in 2010 the then CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which has continued under the new Conservative majority government. However, the deficit still remains one of the highest in the G7, standing at 4.1% of GDP as of mid-2016, and Britain has pledged to lower its corporation tax from 20% to 17% by 2020. Britain had a debt burden of 92.2% GDP at the end of 2016.

While the UK is one of the fastest growing economies in the G7, economists are concerned about the potential negative impact of the UK’s vote to leave the EU. The UK has an extensive trade relationship with other EU members through its single market membership and economic observers have warned the exit will jeopardize its position as the central location for European financial services.

Source : CIA

Company Name and Address

Company Name: HEYPAC LIMITED

Company No: 01386560

Registered Address: UNIT 3 THE ROYSTON CENTRE LYNCHFORD ROAD, ASH VALE ALDERSHOT GU12 5PQ

Company Summary

Registered Address UNIT 3 THE ROYSTON CENTRE
LYNCHFORD ROAD, ASH VALE
ALDERSHOT
GU12 5PQ

Trading Address Unit 3
The Royston Centre, Lynchford Road
Ash Vale
Aldershot, Hampshire
GU12 5PQ

Website Address http://www.heypac.com

Telephone Number 01252511003

Fax Number

TPS No

FPS Yes

Incorporation Date 01/09/1978

Previous Name HI-POWER (HYDROMATICS) LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 19/11/1986

Filing Date of Accounts 11/08/2017

Currency GBP

Share Capital £10,000

SIC07 28131

Charity Number -

SIC07 Description MANUFACTURE OF PUMPS

Principal Activity Manufacture of pumps, compressors and general mechanical engineering.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant HAINES WATTS

Mortgages 3

Group 0 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder's Employees

31/03/2017 - - £634,332 11

31/03/2016 - - £641,183 -

31/03/2015 - - £680,155 -

Mortgage Summary

Total Mortgage 3

Outstanding 3

Satisfied 0

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

CCJ

Total Number of Exact CCJs -	0	Total Value of Exact CCJs -
Total Number of Possible CCJs -	0	Total Value of Possible CCJs -
Total Number of Satisfied CCJs -	0	Total Value of Satisfied CCJs -
Total Number of Writs -	-

Total Current Directors	2	Total Current Secretaries	1
Total Previous Directors / Company Secretaries	5	Total Person's With Significant Control	1

Current Directors

Title	Mr	Function	Director
Name	Derek Henry Monds	Nationality	British
Date of Birth	10/1944	Present Appointments	1
Latest Address	13 Springfield Road, Ash Vale, Aldershot, Hampshire	Appointment Date	12/07/1991
Post Code	GU12 5EN
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report	View Compliance Report
Title	Mr	Function	Director
Name	Nicholas William Harrison	Nationality	British
Date of Birth	02/1959	Present Appointments	1
Latest Address	7 Queens Road, Windsor, Berkshire	Appointment Date	05/04/2003
Post Code	SL4 3BQ
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report	View Compliance Report

Current Company Secretary

Title	Mr	Function	Company Secretary
Name	Nicholas William Harrison	Nationality
Date of Birth	-	Present Appointments	1
Latest Address	Unit 3 The Royston Centre, Lynchford Road, Ash Vale, Aldershot, Hampshire	Appointment Date	01/07/2017
Post Code	GU12 5PQ
Other Actions		View Consumer Report	View Trace Report
	View Compliance Report

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
NICHOLAS HARRISON	GBP	5,500	ORDINARY	1	55
DEREK HENRY MONDS	GBP	2,500	ORDINARY	1	25
EILEEN DOROTHY MONDS	GBP	2,000	ORDINARY	1	20
1

Financials

Profit & Loss

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Depreciation	£11,824	-4.8%	£12,416	-17.3%	£15,017	-11.4%	£16,948	-12%	£19,264
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Tangible Assets	£25,862	-11.2%	£29,126	-23.4%	£38,025	-24.8%	£50,589	-10.9%	£56,792
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Total Fixed Assets	£25,862	-11.2%	£29,126	-23.4%	£38,025	-24.8%	£50,589	-10.9%	£56,792
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Stock	£320,041	1%	£316,951	6.8%	£296,647	8.1%	£274,336	-2.4%	£281,034
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Trade Debtors	£128,632	232.3%	£38,712	-78.1%	£176,435	-6.5%	£188,658	46.3%	£128,926
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Cash	£251,277	-31.4%	£366,425	27.1%	£288,392	-2.3%	£295,267	0.9%	£292,710
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Other Debtors	£50,365	55.3%	£32,422	-	0	-	0	-	0
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Total Current Assets	£750,315	-0.6%	£754,510	-0.9%	£761,474	0.4%	£758,261	7.9%	£702,670
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Trade Creditors	£66,395	85.5%	£35,787	-68.8%	£114,751	-23.9%	£150,738	39.5%	£108,088
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-100%	£1,072	-	0	-	0	-	0
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Other Short Term Finance	£46,966	-46.3%	£87,439	-	0	-	0	-	0
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Miscellaneous Current Liabilities	£25,445	71.4%	£14,843	-	0	-	0	-	0
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Total Current Liabilities	£138,806	-0.2%	£139,141	21.3%	£114,751	-23.9%	£150,738	39.5%	£108,088
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£3,039	-30.7%	£4,384	-4.6%	£4,593	-29.2%	£6,488	-	0
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Total Long Term Liabilities	£3,039	-8.2%	£3,312	-27.9%	£4,593	-29.2%	£6,488	-	0

Capital & Reserves

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Called Up Share Capital	£10,000	-	£10,000	-	£10,000	-	£10,000	-	£10,000
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	P & L Account Reserve	£624,332	-1.1%	£631,183	-5.8%	£670,155	4.4%	£641,624	0%	£641,374
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Shareholder Funds	£634,332	-1.1%	£641,183	-5.7%	£680,155	4.4%	£651,624	0%	£651,374

Other Financial Items

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Net Worth	£634,332	-1.1%	£641,183	-5.7%	£680,155	4.4%	£651,624	0%	£651,374
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Working Capital	£611,509	-0.6%	£615,369	-4.8%	£646,723	6.5%	£607,523	2.2%	£594,582
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Total Assets	£776,177	-1%	£783,636	-2%	£799,499	-1.2%	£808,850	6.5%	£759,462
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Total Liabilities	£141,845	-0.4%	£142,453	19.4%	£119,344	-24.1%	£157,226	45.5%	£108,088
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Net Assets	£634,332	-1.1%	£641,183	-5.7%	£680,155	4.4%	£651,624	0%	£651,374

Cash Flow

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Capital Employed	£637,371	-1.1%	£644,495	-5.9%	£684,748	4%	£658,112	1%	£651,374
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Number of Employees	11	-	-	-	-	-	-	-	-
	Accountants	HAINES WATTS
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers	BARCLAYS BANK PLC
	Bank Branch Code

Ratios

	Date Of Accounts	31/03/17	31/03/16	31/03/15	31/03/14	31/03/13
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Current ratio	5.41	5.42	6.64	5.03	6.50
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Gearing %	0.50	0.70	0.70	1	0
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Equity in %	81.70	81.80	85.10	80.60	85.80
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Liquidity/Acid Test	3.09	3.14	4.05	3.21	3.90
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Current Debt Ratio	0.21	0.21	0.16	0.23	0.16
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Total Debt Ratio	0.22	0.22	0.17	0.24	0.16
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\truptik\d\HEYPAC LIMITED_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Event History View Documents

Date	Description
15/08/2017	New Accounts Filed
15/08/2017	New Accounts Filed
11/07/2017	Confirmation Statement
10/07/2017	Ms E.D. Monds has resigned as company secretary
10/07/2017	New Company Secretary Mr N.W. Harrison appointed
27/08/2016	New Accounts Filed
23/07/2016	Annual Returns
19/01/2016	Payment Data Update Received
15/10/2015	New Accounts Filed
22/07/2015	Annual Returns
17/09/2014	New Accounts Filed
29/07/2014	Annual Returns
31/07/2013	New Accounts Filed
16/07/2013	Annual Returns
15/08/2012	New Accounts Filed

Previous Company Names

Date	Previous Name
19/11/1986	HI-POWER (HYDROMATICS) LIMITED
31/12/1978	PUMPRAY LIMITED

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group Structure Full

No Group Structure

Statistics

Group	0 companies
Linkages	0 companies
Countries	In 0 countries

Mortgage Details

Mortgage Type:	GUARANTEE AND DEBENTURE
Date Charge Created:	22/09/94
Date Charge Registered:	29/09/94
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR HEYPAC EXPORT LIMITED TO THE CHARGEE ON ANYACCOUNT WHATSOEVER
Details:	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	20/12/82
Date Charge Registered:	04/01/83
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	L/H 445 PERTH AVE SLOUGH BERKS

Mortgage Type:	GUARANTEE & DEBENTURE
Date Charge Created:	23/09/78
Date Charge Registered:	12/10/78
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK LTD
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND OR HI-POWER LIMITED TO THECHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FIXED & FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL & BOOKDEBTS UNCALLED CAPITAL. TOGETHER WITH ALL BUILDINGS & FIXTURES & FIXED PLANT & MACHINERY (SEE DOC M8)

Previous Director/Company Secretaries

Name	Current Active Appointments		Previous Appointments	Dissolved Companies
Donald Harrison	0		2	3
Eileen Dorothy Monds	0		1	1
Derek Saunders	0		1	8
Nicholas Paul Bastian	2		16	98
Nicholas Paul Bastian	2		16	98
Total Persons With Significant Control	1	Total Statements		0
Active	1	Active		0
Ceased	0	Ceased		0

Active Persons With Significant Control

Name	Mr Nicholas William Harrison	Kind	Individual Person With Significant Control
Address	Unit 3 The Royston Centre, Lynchford Road, Ash Vale, Aldershot, Hampshire	Country Of Residence	England
Post Code	GU12 5PQ	Nationality	British
Date of Birth	02/1959	Notified On	12/07/2016
Nature Of Control	Ownership of shares - between 50% and 75%

Ceased Persons With Significant Control

No Ceased Persons With Significant Control To Display

Active Statements

No Active Statements To Display

Ceased Statements

No Ceased Statements To Display

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.53
UK Pound	1	INR 86.05
Euro	1	INR 76.53
GBP	1	INR 87.24

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	PRI

Report Prepared by :	KET

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.