MIPL-Logo

3decades

 

MIRA INFORM REPORT

 

 

Report No. :

508415

Report Date :

14.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

OOO ORIMI

 

 

Registered Office :

1st Mikrorayon, Plot No. 15/4, Sverdlov Settlement, Leningrad Region, 188682 Vsevolozhsk District, Russia    

 

 

Country :

Russia

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

18.06.1999

 

 

Com. Reg. No.:

1024700564217

 

 

Legal Form :

Limited Liability Company 

 

 

Line of Business :

·         Processing of tea and coffee

·         Freight transport by road

 

 

No. of Employees :

1,859

 


 

RATING & COMMENTS

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

 

MIRA’s Rating :

A+

 

Credit Rating

Explanation

Rating Comments

A+

Low Risk

Business dealings permissible with low risk of default

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

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

(30.09.2017)

Current Rating

(31.12.2017)

Russia

A2

A2

 

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

 


 

RUSSIA - ECONOMIC OVERVIEW

 

Russia has undergone significant changes since the collapse of the Soviet Union, moving from a centrally planned economy towards a more market-based system. Both economic growth and reform have stalled in recent years, however, and Russia remains a predominantly statist economy with a high concentration of wealth in officials' hands. Economic reforms in the 1990s privatized most industry, with notable exceptions in the energy, transportation, banking, and defense-related sectors. The protection of property rights is still weak, and the state continues to interfere in the free operation of the private sector.

Russia is one of the world's leading producers of oil and natural gas, and is also a top exporter of metals such as steel and primary aluminum. Russia is heavily dependent on the movement of world commodity prices as reliance on commodity exports makes it vulnerable to boom and bust cycles that follow the volatile swings in global prices. The economy, which had averaged 7% growth during the 1998-2008 period as oil prices rose rapidly, has seen diminishing growth rates since then due to the exhaustion of Russia’s commodity-based growth model.

A combination of falling oil prices, international sanctions, and structural limitations pushed Russia into a deep recession in 2015, with GDP falling by close by 2.8%. The downturn continued through 2016, with GDP contracting another 0.2%, but was reversed in 2017 as world demand picked up. Government support for import substitution has increased recently in an effort to diversify the economy away from extractive industries.

 

Source : CIA

 


Company Summery

 

COMPANY NAME

OOO Orimi

 

ADDRESS

Building

Street

Area

PO Box

N/A

1st Mikrorayon, Plot No. 15/4

Sverdlov Settlement, Leningrad Region 

188682

Vsevolozhsk

District

TEL/FAX 

Verified Phones: (+7 812) 655 7590 / (+7 812) 655 7590 / Fax: (+7 812) 346 8240 

EMAIL/WEBSITE

Email: orimi@orimi.com / Website: www.orimi.com

 

ACTIVITY

NACE 1083 - Processing of tea and coffee; NACE 4941 - Freight transport by road; 

PRINCIPAL 

Marat Igorevich Muratov   

Workforce 

Managing Director 

1,859

LEGAL INFO 

 

Date Of Est.

Reg. No.

Legal Form

Status

18/06/1999

OGRN 1024700564217

LLC 

Active

CAPITAL

CURRENCY

AMOUNT

RUBLE (RUB)  

2,672,900,000

 

 

BUSINESS INFORMATION REPORT

 

IDENTIFICATION

CO. NAME

OOO Orimi

ENQUIRED NAME

Orimi LLC

TRADEMARK

GREENFIELD / TESS / JARDIN / Princess Noori / Princess Java / Jockey / Princess Kandy / Princess Gita / Pearl of the Nile / Shah

ALSO KNOWN NAME (S)

Orimi LLC

FORMER NAME

OOO Nevskie Porogi

STREET

1st Mikrorayon, Plot No. 15/4

AREA

Sverdlov Settlement, Leningrad Region

POSTAL ADDRESS

188682 Vsevolozhsk District

CITY

Vsevolozhsk District

COUNTRY

Russia

TELEPHONE

(+7 812) 346 8240 / (+7 812) 655 7590 / (+7 812) 244 5723 / Mobile (+7 921) 574 9058 (HR Manager)

FAX

(+7 812) 346 8240  

VERIFIED EMAIL

orimi@orimi.com / orimi@orimillc.com / mail@otimitrade.ru / mininaiv@orimillc.com

WEBSITE

www.orimi.com

BUSINESS HOURS

DAYS

OFFICE HOURS

BREAK TIME

Mon-Fri

08:30-17:30

13:00-14:00

REGISTERED ADDRESS

1st Mikrorayon, Plot No. 15/4, Sverdlov Settlement, Leningrad Region, 188682 Vsevolozhsk District, Russia    

 

 

SENIOR PERSONNEL

MANAGEMENT

NAME

POSITION

Marat Igorevich Muratov

Nationality: Russian

Tax Code: INN  470310019014

Managing Director 

Alexander Anatolievich Evnevich

 

Irina Minina

 

Natalya Yurievna Evstigneeva

Group CEO

 

 

HR Director

 

Chief Accountant  

WORKFORCE

NO. OF EMPLOYEES

PERIOD

1,859

05.2018

 

 

FINANCIAL SUMMARY

 

REVENUE  

31/12/2017

31/12/2016

RUBLE 40,000,000,000

RUBLE 39,086,000,000

NET PROFIT / (LOSS)   

31/12/2017  

31/12/2016

RUBLE  1,500,000,000

RUBLE  2,953,000,000

PROFIT BEFORE TAX    

RUBLE 3,691,000,000 as of 31/12/2016

STOCK/INVENTORIES   

RUBLE 7,454,000,000 as of 31/12/2016

FISCAL YEAR-END

31 December 

 

 

LEGAL STATUS 

 

INCORPORATION

18/06/1999

REGISTRATION NO.       

C.R. NUMBER

ISSUED BY  

OGRN 1024700564217 (issued on: 18/06/1999)

Federal Tax Service 

OTHER REGISTRATION NO.     

INN 4703044256 (Tax Code) / KPP 470301001 / OKPO 46288667 (Statistics Code) / OKTMO 41612168051

AUTHORISED CAPITAL     

AMOUNT

CURRENCY

2,672,900,000

RUBLE

PAID-UP CAPITAL  

AMOUNT

CURRENCY 

2,672,900,000

RUBLE

LEGAL FORM 

Limited Liability Company 

BUSINESS HISTORY 

The Company was incorporated in Russia on 18 June 1999 under the name OOO Nevskie Porogi. On 10 July 2014, subject changed its name to the present style. Subject is a member of Orimi Trade Group of companies, which is the largest producer of tea and roasted coffee in Russia. The group is a well-established leader on the Russian market of natural hot beverages in terms of production volume, production technologies and distribution. Orimi Trade group of companies is one of the top-5 buyers on the world market of bulk tea and coffee. Orimi Trade group of companies is rated in 400 largest Russian companies list published by "expert" magazine    

STATUS

Active

SHAREHOLDERS  

NAME  

PERCENTAGE

OOO Orimi Trade

1st Mikrorayon, Plot No. 15/4, Sverdlov Settlement,

Leningrad Region,

188682 Vsevolozhsk District 

Russia

Est.: 15/09/1997

C.R. No.: OGRN 1027802512451

Tax Code: INN 7804069580

Shareholders:

Alexander Evnevich – 45.7%

Sergey Kasyanenko – 45.1%

Ivan Tyushkevich – 7.2%

OOO Markprod – 2%

100.00% 

 

 

OPERATION 

 

BANKERS   

1. JSC Bank United Capital

   Gzhatskaya Street 21, Block 2, Liter A

   Saint Petersburg 195220

   Russia

   Telephone: (+7 812) 325 9495

   SWIFT: UNCLRU2P

 

2. PAO Sberbank

   Vavilova Street 19

   117997 Moscow

   Russia

   Telephone: (+7 495) 957 5731

   Fax      : (+7 495) 747 4758

ACTIVITY CODE (NACE)    

1083 - Processing of tea and coffee; 4941 - Freight transport by road;

LINE OF BUSINESS    

Producers and processors of tea and roasted coffee under the trademarks “GREENFIELD”, “TESS”, “JARDIN”, “Princess Noori”, “Princess Java”, “Jockey”, “Princess Kandy”, “Princess Gita”, “Pearl of the Nile” and “Shah”

 

Subject’s partner supermarkets include: Auchan, Interspar, Metro, Prisma, Ramstor, Real, Stockmann and Tesco.

IMPORT FROM

worldwide, mainly from India, Indonesia, China, Vietnam, Brazil, Sri Lanka, Ethiopia, Colombia, Spain, Belgium, Germany, Poland, Egypt, Morocco, Kenya, Guatemala, Papua New Guinea, Mexico, Rwanda, Chile, South Korea and Turkey.     

EXPORT TO 

Australia, Azerbaijan, Armenia, Belarus, Hungary, Georgia, Germany, Israel, Canada, China, Latvia, Lithuania, Moldova, Mongolia, New Zealand, Norway, Poland, Portugal, Romania, Saudi Arabia, USA, Tajikistan, Turkmenistan, Uzbekistan, Ukraine, Finland, Czech Republic, Sweden, Estonia, South Korea, Kazakhstan and Kyrgyzstan.

TRADE REFERENCES 

1. Chongqing Weiye Tea Co., Ltd 

   No, 9 Wofu Street Rongchang, Chongqing    

   China

 

2. Pt. Agropangan Putra Mandiri

   Jl. Olimpic Raya Kav A 5 Kawasan Industri   

   Sentul, Bogor-Indonesia 16810

   Indonesia

 

3. NAM SON CO., LTD

   55 Thanh Binh Street, Thanh Mieu Ward, Viet  

   Tri City, Phu Tho Province 

   Vietnam

 

4. Valorizacao Empresa De Cafe S.A.

   Rua Da Quintanda, 191-5 Andar 

   Rio De   Janeiro, Rj 

   Brazil

 

5. Intimex Daknong

   Lot Cn 1, Tam Thang Industrial Zone, Cu Jut 

   Daknong Province 

   Vietnam

 

6. Union Commodities (Pvt) Ltd.

   79, Biyagama Road, Talwatte, Kelaniya 

   Sri Lanka

 

7. Yunnan Tea Garden Trade & Exhibition Co., 

   Ltd

   8-9 of 21 st Floor, Fengyuan Building, 216   

   Renmin Zhong Road, Kunming, Yunnan,

   China

 

8. China Tea (Hunan) Co., Ltd

   458 Furong Road M., Changsha, Hunan  

   China 

 

9. Linan Tea Farm Co., Ltd

   Linglong Industry Zone, Linan, Zhejiang   

   China

 

10.ETCOF TRADING P.L.C.

   P.O. Box 2021, Addis Ababa 

   Ethiopia

 

11.OUTSPAN COLOMBIA S.A.S.

   Carrera 11 No.86-32. Of. 604, Boqota,  

   Colombia

 

12.James Finlay (Kenya) Limited

   P.O. Box 7120200 KERICHO 

   Kenya

 

13.Uniworld Teas (Pvt) Ltd

   164 2/2, Kandy Road, Peliyagoda 

   Sri Lanka

 

14.Karpery Industrial Co. Ltd, Hunan China

   Huaxing Ceramic Factory, North of Liling  

   City, Hunan, 

   China 412200

 

15.Pacific Trading Co., Ltd.

   Corner Of Hagen Drive & Benzin Road, P.O.  

   Box 94, Mt. Hagen 281, Whp,

   Papua New Guinea

 

16.Compania Universal De Cafe S.A.

   Avenida Reforma 6-64 Zona 9 Plaza 

   Corporativa Reforma Torre 2 Of.401,  

   Guatemala 

 

17.Exportaciones Catanzaro Limitada

   Luis Thayer Ojeda 2056, Providencia, 

   Santiago, Chile

 

18.PT. Sumatera Jaya Kopi

   JI. Sidodame Komplek Krakatau Minimalis №. B-

   4 Kel. Pulo Brayan Darat-II Kec Medan Timur  

   Sumatera Utara 

   Indonesia

 

19.Tata Coffee Limited

   57, Railway Parallel Road, Kumara Park 

   (West), Bangalore 560 020 

   India

 

20.Cv. Sinar Maluku

   Jl. Lamandau Iv № 21 Block C/1 Kebayoran Baru  

   Jakarta 12130 

   Indonesia

 

21.PT. Q-Spicing

   Suryacipta City of Industry Jl. Surya Madya 

   kav. A7 Ciampel, Karawang West Java 41361  

   Indonesia

 

22.Costa Cafe' Com. Exp. E Imp. Ltda

   Estrada Albertina A Esp. Santo Do Pinhal Km 

   01, Albertina-Minas Gerais, 37596-000 

   Brazil

 

23.Shenzhen Gaokaiyou Company Limited

   Room 10a07 Harbin Building South Road Beihuan  

   Futian, Shenzhen 

   China

 

24.Cafes De Especialidad De Chiapas S.A.P.I. 

   Mexico

 

25.Intimex Nha Trang Import Export Coffee Joint 

   Stock Company     

   Vietnam

 

26.GDG Schutte GmbH & Co. KG

   Germany

 

27.McLEOD RUSSEL INDIA LIMITED

   India

 

28.OPTIMA consumer GmbH

   Germany

 

29.Companhia Cacique de Cafe Soluvel  

   Brazil

 

30.Dongguan City Jingli Can Co Ltd

   China

 

31.Seda Outspan Iberia S.L.

   Spain

 

32.E-Cafe, Exportadora De Cafe De Chiapas SA

   Mexico

 

33.PFUNDA TEA COMPANY LTD 

   Rwanda

 

34.Herbimar Spolka Jawna M.Fornal, A.Fornal 

   Poland

 

35.SANTIS SARL 

   Morocco

 

36.BAGHMARI Tea Co LTD   

   India

 

37.Zhejiang New Continent International Trade

   Co., Ltd.

   China

 

38.Ambootia Tea Exports Pvt. Ltd. Unit: Tea

   Group Exports

   India

 

39.Terra Forte Exportacao E Importacao De Cafe  

   Ltda

   Brazil

 

40.Dr. Suwelack Coffee GmbH

   Germany

 

41.Anhui Guorun Tea Industrial Co., Ltd.

   China

 

42.EMPIRE TEAS (PVT) LTD

   Sri Lanka

 

43.James Finlay Mombasa Ltd

   Kenya

 

44.L.A.B. International Kenya Limited

   Kenya

 

45.BELMOCA bvba

   Belgium

 

46.VAN REES CEYLON LTD

   Sri Lanka

 

47.Belmar Dis Ticaret A.S.

   Turkey

 

48.HANGZHOU SINOGREEN IMPORT AND EXPORT CO., 

   LTD.

   China

 

49.SIEWERT & DHOLAKIA OVERSEAS PVT. LTD

   India

 

50.NAMYANG DAIRY PRODUCTS Co., LTD

   South Korea

 

51.Egyeurope Herbs

   Egypt

 

52.YISHUI DADI CORN DEVELOPING CO., LTD

   China

 

53.ROSAROMA

   Egypt

FACILITIES

50,000 sq. m. owned premises comprising administrative offices, a manufacturing unit with integrated storage facilities located at the heading address as well as 75 regional representative offices located throughout Russia and 6 overseas representative offices in Armenia, Belarus, Georgia, Moldova, Kazakhstan and Kyrgyzstan.    

RELATED COMPANIES

Subject is a member of Orimi Trade Group of Companies, which also includes the following companies:

 

Associates

 

1. OOO Orimi Center

   Kondratievskiy Avenue 15, Block 2, Liter 3

   Saint Petersburg 195197

   Russia

   Est.: 16/09/2010

   C.R. No.: OGRN 1107847305719

   Tax Code: INN 7804445411    

   Sole Shareholder: OOO Orimi Trade

 

2. OOO Likhoborskoye

   Naberezhnaya Likhoborskaya 3

   Moscow 125438

   Russia 

   Est.: 13/04/2010

   C.R. No.: OGRN 1107746281730

   Tax Code: INN 7743776614

   Sole Shareholder: OOO Orimi Trade

 

3. OOO Karavan

   Favorskogo Street 12, Liter B, Office 296

   Saint Petersburg 195220 

   Russia

   Est.: 07/09/1998 

   C.R. No.: OGRN 1027802514552    

   Tax Code: INN 7804078345

   Sole Shareholder: OOO Orimi Trade

 

4. OOO Tobolskaya 3

   Tobolskaya Street 3

   Saint Petersburg 194044

   Russia

   C.R. No.: OGRN 1147847352278    

   Tax Code: INN 7802873443

   Sole Shareholder: OOO Orimi Trade

 

5. TOO Orimi SA

   Rayimbeka Avenue 212/7

   Almaty

   Kazakhstan

   BIN: 100740009148

 

6. Orimi Trade Kyrgyzstan

   Bishkek

   Kyrgyzstan

 

7. JSC Bank United Capital

   Gzhatskaya Street 21, Block 2, Liter A

   Saint Petersburg 195220

   Russia

   Telephone: (+7 812) 325 9495

   SWIFT: UNCLRU2P 

 

8. OOO AE Grupp

   Favorskogo Street 12, Liter B

   Saint Petersburg 195220

   Russia

   Est.: 25/06/1999 

   C.R. No.: OGRN 1027802488120

   Tax Code: INN 7804090688

   Sole Shareholder: 

   Alexander Anatolievich Evnevich

 

9. OOO Literatorov

   Favorskogo Street 12, Liter B

   Saint Petersburg 195220

   Russia

   Est.: 12/03/2008  

   C.R. No.: OGRN 1089847098770    

   Tax Code: INN 7804385434

   Sole Shareholder: 

   Alexander Anatolievich Evnevich

 

10.OOO Kondratievskiy     

   Kondratievskiy Avenue 15, Block 3, Liter I

   Saint Petersburg 195197

   Russia

   Est.: 07/05/2004 

   C.R. No.: OGRN 1047844014998    

   Tax Code: INN 7842011119

   Major Shareholder: 

   Alexander Anatolievich Evnevich – 51.3%

 

11.OOO TEKOM

   Gzhatskaya Street 21

   Saint Petersburg 195220

   Russia

   Est.: 25/07/2012 

   C.R. No.: OGRN 1127847392067

   Tax Code: INN 7804489923

   Major Shareholder: 

   Alexander Anatolievich Evnevich – 52%

 

12.OOO TOR INVEST 

   Grazhdanskiy Avenue 24

   Saint Petersburg 195220

   Russia

   Est.: 27/12/2002  

   C.R. No.: OGRN 1027802516642    

   Tax Code: INN 7804162004

   Major Shareholder: 

   Alexander Anatolievich Evnevich – 52%

 

13.OOO Maksidom

   Favorskogo Street 12 

   Saint Petersburg 195220

   Russia

   Est.: 02/04/1997  

   C.R. No.: OGRN 1027802508161

   Tax Code: INN 7804064663

   Major Shareholder: 

   Alexander Anatolievich Evnevich – 51%

 

14.OOO Krasnogvardeyskiy   

   Saint Petersburg

   Russia

 

15.OOO Polinom

   Izhevsk

   Russua

 

16.OOO Mistral

   Saint Petersburg

 

17.OOO Investplyus

   Saint Petersburg      

 

 

FINANCIAL INFORMATION 

 

CURRENCY   

RUBLE

PERIOD    

31/12/2016

31/12/2015

CURRENT ASSETS     

13,275,000,000 

15,969,000,000

STOCK/INVENTORIES   

 7,454,000,000  

 6,260,000,000

NON-CURRENT ASSETS 

 6,545,000,000  

 6,565,000,000

CURRENT LIABILITIES 

13,142,599,000 

17,585,000,000

NON-CURRENT LIABILITIES

   329,000,000     

    53,000,000

EQUITY

 6,349,000,000   

 4,896,000,000

BALANCE TOTAL

19,820,000,000 

22,534,000,000

REVENUE

39,086,000,000 

35,460,000,000

NET PROFIT / LOSS

 2,953,000,000  

 1,163,000,000

NOTES

Balance sheets as at 31 December 2016 showed :

 

                    31/12/2016      31/12/2015

                            (in RUBLE)

 

ASSETS

Non-current assets

Intangible assets   66,000,000      51,000,000

Fixed assets     2,987,000,000   2,786,000,000

Financial

investments      2,748,000,000   3,579,000,000

Other non-current

assets             744,000,000     149,000,000

Total non-current

assets           6,545,000,000   6,565,000,000

Current assets

Stock            7,454,000,000   6,260,000,000

Value added tax on

purchased valuables  1,000,000       1,000,000

Trade

receivables      2,220,000,000   8,406,000,000

Financial

investments      2,426,000,000               0

Cash equivalents 1,174,000,000   1,302,000,000

Other current

assets                 262,000         105,000

Total current

assets          13,275,000,000  15,969,000,000

TOTAL ASSETS    19,820,000,000  22,534,000,000

 

EQUITY & LIABILITIES

Share capital    2,673,000,000   2,673,000,000

Added capital       51,000,000      51,000,000

Retained

earnings         3,625,000,000   2,172,000,000

Total Equity     6,349,000,000   4,896,000,000

Long-term liabilities

Borrowings                   0               0

Deferred tax

liabilities        329,000,000      53,000,000    

Total long-term

liabilities        329,000,000      53,000,000

Short-term

Liabilities

Accounts

Payables        13,142,599,000  17,585,000,000

Total Short-term

Liabilities     13,142,599,000  17,585,000,000

TOTAL EQUITY &

LIABILITIES     19,820,000,000  22,534,000,000

 

INCOME STATEMENT

 

Revenue         39,086,000,000  35,460,000,000

Cost of Sales  (35,610,000,000)(31,932,000,000)

Gross Profit     3,476,000,000   3,528,000,000

Commercial

expenses          (721,000,000)   (646,000,000)

Profit(loss) from

sales            2,755,000,000   2,882,000,000

Other income and expenses

Interest income    203,000,000     407,000,000

Interest payable  (555,000,000)   (736,000,000)

Other income     4,068,000,000   2,081,000,000

Other expenses  (2,780,000,000) (3,182,000,000)

Profit(loss) before

taxation         3,691,000,000   1,452,000,000

Change in deferred

tax liabilities    276,000,000      43,000,000

Current income

tax               (462,000,000)   (248,000,000)

Net Profit(loss) 2,953,000,000   1,163,000,000

 

 

 

 

SPECIAL REMARKS 

 

INTERVIEWED   

Irina Minina (HR Director).

COMMENTS    

You enquired on: Orimi LLC. Please note that this name applies to subject’s also known as name. Subject’s registered name is as per heading.

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

INR 67.22

UK Pound

1

INR 90.88

Euro

1

INR 80.99

RUB

1

INR 1.09

 

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.