MIRA INFORM REPORT

Report No. :	498359
Report Date :	19.03.2018

IDENTIFICATION DETAILS

Name :	HUNDIA INFOSOLUTION PRIVATE LIMITED
Registered Office :	4, Ganga Building Topiwala X Lane, Lamington Road, Mumbai -400007, Maharashtra
Tel. No.:	91-22-66331343/ 23889479
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	19.09.2006
Com. Reg. No.:	11-161985
Capital Investment / Paid-up Capital :	INR 10.000 Million
CIN No.: [Company Identification No.]	U74999MH2006PTC161985
IEC No.: [Import-Export Code No.]	0306065274
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
GSTN : [Goods & Service Tax Registration No.]	27AABCH7575H1ZA
PAN No.: [Permanent Account No.]	AABCH7575H
Legal Form :	Private Limited Liability Company
Line of Business :	Wholesale of Computer and peripheral. (Registered activity)
No. of Employees :	Information declined by the management

RATING & COMMENTS

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

MIRA’s Rating :

A

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

Maximum Credit Limit :	USD 68000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject was incorporated in the year 2006 and it is having satisfactory track records. For the financial year 2017, the company has registered decreased in its revenue from operation as compared to previous year and maintained minimal profit margin of 0.87%. Rating takes into consideration sound financial profile of the company marked by adequate networth base and average debt balance sheet. Further, rating also reflects company’s long standing track records along with improvement in the profitability profile during the year. However, rating strength is partially offset by intense competition from industry. Trade relations are reported as fair. Business is active. Payments are seems to be usually correct. The company can be considered for 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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
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 19.03.2018

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 DENIED

MANAGEMENT NON-COOPERATIVE: TEL. No.: 91-22-23889369 / 66331343

LOCATIONS

Registered Office :

4, Ganga Building Topiwala X Lane, Lamington Road, Mumbai -400007, Maharashtra, India

Tel. No.:

91-22-66331343/ 23889479 / 23889369

Fax No.:

Not Available

E-Mail :

lcbarola@rediffmail.com

hundia123@gmail.com

Website :

http://www.hundia9.com

Sales Office/ Warehouse :

E, Wing, Gala No. 3, Ground Floor, Jai Bhagwan Complex, Village Purna, Bhiwandi, Thane-421302, Maharashtra, India

Branch Office :

Located at:

· Mumbai

· Ahmedabad

· Surat

· Pune

· Bhopal

· Coimbatore

· Cochin

· Goa

· Hyderabad

Service Centre :

Located at:

West ZONE
Ahmedabad	Aurangabad	Vadodara	Bhopal
Goa	Indore	Jabalpur	Mumbai
Nagpur	Nashik	Pune	Wagholi
Raipur	Rajkot	Surat	Thane
North ZONE
Agra	Amritsar	Chandigarh	Dehradun
New Delhi	Shakarpur (Delhi)	Wazirpur (Delhi)	Ghaziabad
Gurgaon	Jaipur	Jalandhar	Jammu
Jodhpur	Kanpur	Karnal	Lucknow
Ludhiana	Srinagar	Varanasi
East ZONE
Bhubaneswar	Guwhati	Kolkata	Ranchi
Patna	Siliguri
South ZONE
Bangalore	Calicut	Hubli	Coimbatore
Kottayam	Hyderabad	Mangalore	Madurai
Trivandrum	Pondicherry	Vishakhapatnam	Vijayawada

DIRECTORS

As on 31.03.2017

Name :	Mr. Vikesh Ramesh Hundia
Designation :	Director
Address :	A 249, Kothari Heights, 7th Floor Flat No. 701., Dr. Dadasaheb Bhadkamkar Marg, Mumbai - 400008, Maharashtra, India
Date of Appointment :	18.09.2006
DIN No.:	00596527
Name :	Mr. Kunal Ramesh Hundia
Designation :	Director
Address :	A 249, Kothari Heights, 7th Floor Flat No. 701., Dr. Dadasaheb Bhadkamkar Marg, Mumbai - 400008, Maharashtra, India
Date of Appointment :	18.09.2006
PAN No.:	ABCPH7512F
DIN No.:	00596581
Name :	Mr. Vishal Ramesh Hundia
Designation :	Director
Address :	A 249, Kothari Heights, 7th Floor Flat No. 701., Dr. Dadasaheb Bhadkamkar Marg, Mumbai - 400008, Maharashtra, India
Date of Appointment :	18.09.2006
DIN No.:	02215836
Name :	Mr. Ramesh Kumar Ghevarchand Hundia
Designation :	Director
Address :	A 249, Kothari Heights, 7th Floor Flat No. 701., Dr. Dadasaheb Bhadkamkar Marg, Mumbai - 400008, Maharashtra, India
Date of Appointment :	21.11.2017
DIN No.:	02215828

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2017

Names of Shareholders	No. of Shares	%age
Vikesh Ramesh Hundia	100000	10.00
Kunal Ramesh Hundia	100000	10.00
Popatidevi Ramesh Hundia	700000	70.00
Vishal Ramesh Hundia	100000	10.00
Total	1000000	100.00

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2017

Category	Percentage
Promoter – (Individual/ Hindu Undivided Family – Indian)	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Wholesale of Computer and peripheral. (Registered activity)

Products :

Item Code No.	Product Description
46511	Wholesale of Computer and peripheral

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

Customers :

Reference :	Not Divulged
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

No. of Employees :

Information declined by the management

Bankers :

Bank Name	HDFC Bank Limited
Branch	HDFC Bank House Senapati Bapat Marg, Lower Parel West, Mumbai – 400013, Maharashtra, India
Person Name (With Designation)	--
Contact Number	--
Name of Account Holder	--
Account Number	--
Account Since (Date/Year of Account Opening)	--
Average Balance Maintained (If Possible)	--
Credit Facilities Enjoyed (If any)	--
Account Operation	--
Remarks (If any)	--

• Indusind Bank Limited, 2401 Gen Thimmayya Road, Contonment, Pune – 411001, Maharashtra, India

Facilities :

Secured Loan	31.03.2017 (INR in Million)	31.03.2016 (INR in Million)
Long-term Borrowings
Other Loans and advances:
Loans repayable on demand from banks secured	0.517	0.671
Total	0.517	0.671

Auditors :
Name :	L.C. Barola and Company Chartered Accountants
Address :	43, 2^nd Floor, Ganga Building, Lamington Road, Topiwala Cross Lane, Mumbai – 400 007, Maharashtra, India
PAN N Income-tax PAN of auditor or auditor's firm :	AACPB9911B
Membership No.:	039882
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 31.03.2017

Authorised Capital :

No. of Shares	Type	Value	Amount
9000	Equity Shares	INR 100/- each	INR 0.900 Million
91000	Equity Shares	INR 100/- each	INR 9.100 Million
	Total		INR 10.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	INR 100/- each	INR 10.000 Million

FINANCIAL DATA

[all figures are in INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2017	31.03.2016	31.03.2015
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	10.000	10.000	10.000
(b) Reserves & Surplus	14.007	10.444	7.694
(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)	24.007	20.444	17.694
(3) Non-Current Liabilities
(a) long-term borrowings	10.222	8.042	0.000
(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	1.745
Total Non-current Liabilities (3)	10.222	8.042	1.745
(4) Current Liabilities
(a) Short term borrowings	17.266	15.193	0.000
(b) Trade payables	67.304	33.347	48.864
(c) Other current liabilities	0.582	0.637	20.490
(d) Short-term provisions	2.373	0.268	0.094
Total Current Liabilities (4)	87.525	49.445	69.448
TOTAL	121.754	77.931	88.887
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.588	0.845	1.397
(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	0.075	0.075	0.075
(c) Deferred tax assets (net)	0.022	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	0.685	0.920	1.472
(2) Current assets
(a) Current investments	8.508	8.298	3.792
(b) Inventories	56.274	31.381	49.591
(c) Trade receivables	53.916	33.858	30.326
(d) Cash and cash equivalents	0.200	0.808	0.862
(e) Short-term loans and advances	0.000	0.000	0.000
(f) Other current assets	2.171	2.666	2.844
Total Current Assets	121.069	77.011	87.415
TOTAL	121.754	77.931	88.887

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017	31.03.2016	31.03.2015
	SALES
	Income	408.823	462.456	384.974
	Other Income	3.570	11.462	7.634
	TOTAL	412.393	473.918	392.608
Less	EXPENSES
	Cost of Materials Consumed	0.000	0.000	0.000
	Purchases of Stock-in-Trade	417.603	438.494	386.208
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	-24.893	18.210	-38.802
	Employees benefits expense	3.136	2.047	0.000
	Other expenses	9.494	8.917	37.600
	TOTAL	405.340	467.668	385.006
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	7.053	6.250	7.602
Less	FINANCIAL EXPENSES	1.705	1.571	3.296
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	5.348	4.679	4.306
Less/ Add	DEPRECIATION/ AMORTISATION	0.257	0.379	0.171
	PROFIT/ (LOSS) BEFORE TAX	5.091	4.300	4.135
Less	TAX	1.529	1.378	1.284
	PROFIT/ (LOSS) AFTER TAX	3.562	2.922	2.851
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	10.444	7.694	4.843
Less	Deletion during the year	0.000	0.172	0.000
	Balance Carried to the B/S	14.006	10.444	7.694
	IMPORTS
	Finished Goods	196.491	232.167	357.704
	TOTAL IMPORTS	196.491	232.167	357.704
	Earnings / (Loss) Per Share (INR)	35.62	29.22	28.51

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2017	31.03.2016	31.03.2015
Current Maturities of Long term debt	NA	NA	20.489
Cash generated from operations	(3.623)	(16.650)	NA
Net cash flow from operating activity	(3.623)	(16.650)	NA

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Average Collection Days (Sundry Debtors / Income * 365 Days)	48.14	26.72	28.75
Account Receivables Turnover (Income / Sundry Debtors)	7.58	13.66	12.69
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	58.83	27.76	46.18
Inventory Turnover (Operating Income / Inventories)	0.13	0.20	0.15
Asset Turnover (Operating Income / Net Fixed Assets)	11.99	7.40	5.44

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.80	0.74	0.78
Debt Equity Ratio (Total Liability / Networth)	1.14	1.14	0.00
Current Liabilities to Networth (Current Liabilities / Net Worth)	3.65	2.42	3.92
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.02	0.04	0.08
Interest Coverage Ratio (PBIT / Financial Charges)	4.14	3.98	2.31

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
Net Profit Margin ((PAT / Sales) * 100)	%	0.87	0.63	0.74
Return on Total Assets ((PAT / Total Assets) * 100)	%	2.93	3.75	3.21
Return on Investment (ROI) ((PAT / Networth) * 100)	%	14.84	14.29	16.11

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	1.38	1.56	1.26
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.74	0.92	0.54
G-Score Ratio Financial (Networth / Total Assets)	0.20	0.26	0.20
G-Score Ratio Debt (Debts / Equity Capital)	2.75	2.32	0.00
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.38	1.56	1.26

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

FINANCIAL ANALYSIS

[all figures are INR Million]

DEBT EQUITY RATIO

Particular	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Share Capital	10.000	10.000	10.000
Reserves & Surplus	7.694	10.444	14.007
Share Application money pending allotment	0.000	0.000	0.000
Net worth	17.694	20.444	24.007
Long Term borrowings	0.000	8.042	10.222
Short Term borrowings	0.000	15.193	17.266
Total borrowings	0.000	23.235	27.488
Debt/Equity ratio	0.000	1.137	1.145

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Sales	384.974	462.456	408.823
		20.127	(11.597)

NET PROFIT MARGIN

Net Profit Margin	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Sales	384.974	462.456	408.823
Profit	2.851	2.922	3.562
	0.74%	0.63%	0.87%

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	No
11	Pan Card No. of Proprietor / Partners	Yes
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	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	No
35	Negative Reporting by Auditors in the Annual Report	No

OPERATIONS AND STATE OF COMPANY'S AFFAIRS

During the year the company did well. The directors expect that the company will achieve new heights in the ensuing year.

UNSECURED LOAN

Unsecured Loan	31.03.2017 (INR in Million)	31.03.2016 (INR in Million)
Long-term Borrowings
Loans and advances from related parties:
Loans directors Unsecured	9.705	7.371
Short-term borrowings
Loans Repayable on Demands - From banks:
Bank OD unsecured	17.266	15.193
Total	26.971	22.564

INDEX OF CHARGES:

SNo	SRN	Charge Id	Charge Holder Name	Date of Creation	Date of Modification	Date of Satisfaction	Amount	Address
1	G75058271	100150096	HDFC BANK LIMITED	23/01/2018	-	-	21700000.0	HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI – 400013, MAHARASHTRA, INDIA
2	G69149243	10543240	INDUSIND BANK LTD.	06/01/2015	29/09/2017	-	81000000.0	2401 GEN THIMMAYYA ROAD, CONTONMENT, PUNE – 411001, MAHARASHTRA, INDIA
3	A81787780	10208919	UNION BANK OF INDIA	11/02/2010	-	-	3000000.0	OPERA HOUSE BRANCH, TEJURA CHAMBERS, 365-367, V.P. ROAD, OPERA HOUSE, MUMBAI – 400004, MAHARASHTRA, INDIA
4	B69293710	10208918	UNION BANK OFINDIA	11/02/2010	08/02/2013	-	30000000.0	OPERA HOUSE BRANCH, TEJURA CHAMBERS, 365/367, V.P. ROAD, OPERA HOUSE, MUMBAI – 400004, MAHARASHTRA, INDIA
5	A83898643	10106650	UNION BANK OF INDIA	25/10/2007	-	30/03/2010	12500000.0	MAULANA SAUKAT ALI ROAD, GRANT ROAD, MUMBAI – 400007, MAHARASHTRA, INDIA

FIXED ASSETS

• Scooter
• Motor Cycle
• Motor Car

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 64.87
UK Pound	1	INR 90.48
Euro	1	INR 79.91

INFORMATION DETAILS

Information Gathered by :	SPR
Analysis Done by :	PRS
Report Prepared by :	SUJ

SCORE FACTORS

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	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.