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Report Date : |
20.04.2012 |
IDENTIFICATION DETAILS
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Name : |
SAWANT TRANSPORT PRIVATE LIMITED |
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Registered
Office : |
40/A, Near Main Gate, Bhajipala Market, Yard, |
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Country : |
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Date of
Incorporation : |
11.04.2011 |
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Com. Reg. No.: |
139170 |
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Capital
Investment / Paid-up Capital : |
Rs.29.710 Millions |
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CIN No.: [Company Identification
No.] |
U60231PN2011PTC139170 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNES33495A |
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PAN No.: [Permanent Account No.] |
AAPCS7409F |
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Legal Form : |
Private Limited Liability Company
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Line of Business
: |
Subject is engaged with Transport Facility. |
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No. of Employees
: |
90 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (27) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a successor of “Sawant Transport” a proprietory concern
started in the year 1973. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
INFORMATION PARTED BY
|
Name : |
Mr. Sujit |
|
Designation : |
Accounts Manager |
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Contact No.: |
91-241-2324551 |
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Date : |
19.04.2012 |
LOCATIONS
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Registered Office : |
40/A, Near Main Gate, Bhajipala Market, Yard, Kothi Road, Ahmednagar –
414001, Maharashtra, India |
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Tel. No.: |
91-241-2324551 |
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Fax No.: |
Not available |
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E-Mail : |
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Website : |
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Location : |
Owned |
DIRECTORS
(AS ON 07.04.2011)
|
Name : |
Mr. Abhijit Pandharinath Sawant |
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Designation : |
Director |
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Address : |
Surabhi, Near Crompton Company, Guest House, Govindpura, Ahmednagar –
414001, |
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Name : |
Mrs. Varsha Abhijit Sawant |
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Designation : |
Director |
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Address : |
Near Gurudwara, Govindpura, Ahmednagar – 414001, |
KEY EXECUTIVES
|
Name : |
Mr. Sujit |
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Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 07.04.2011)
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Names of Shareholders |
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No. of Shares |
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Abhijit Pandharinath Sawant |
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9500 |
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Varsha Abhijit Sawant |
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500 |
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Total |
|
10000 |
(AS ON 01.08.2011)
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Names of Allottee |
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No. of Shares
Allotted |
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Abhijit Pandharinath Sawant |
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115110 |
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Varsha Abhijit Sawant |
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49330 |
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Total |
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164440 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged with Transport Facility. |
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Terms : |
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Selling : |
Cash and Credit (30 days) |
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Purchasing : |
Cash and Credit (30 days) |
GENERAL INFORMATION
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Customers : |
Manufacturer |
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No. of Employees : |
90 (Approximately) |
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Bankers : |
·
Bank of Gurukul, 2nd Floor, Lal Taki Marg, Ahmednagar – 414001, |
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Banking Relations
: |
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Auditors : |
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Name : |
KSS and Company Chartered Accountant |
CAPITAL STRUCTURE
Authorised Capital : Rs.30.000
Millions
Issued, Subscribed & Paid-up Capital : Rs.29.710 Millions
FINANCIAL DATA
[all figures are in
Rupees Millions]
SAWANT TRANSPORT
(PROPRIETORSHIP)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
Sales Turnover (Approximately) |
75.000 |
45.000 |
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-----------------------------------------------------------------------------------------------------------------------------------------
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Particulars |
|
31.03.2012 |
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Sales Turnover (Approximately) |
|
210.000 |
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(Expansion of
Business) |
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Expected Sales (2012-13) = More than Rs.300.000 Millions.
The above information has been parted by Mr. Sujit.
LOCAL AGENCY FURTHER INFORMATION
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Check List by Info Agents |
Available
in Report (Yes / No) |
|
1) Year of
Establishment |
Yes |
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2) Locality of
the firm |
Yes |
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3) Constitutions
of the firm |
Yes |
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4) Premises
details |
No |
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5) Type of
Business |
Yes |
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6) Line of
Business |
Yes |
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7) Promoter’s
background |
No |
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8) No. of
employees |
Yes |
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9) Name of person
contacted |
Yes |
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10) Designation
of contact person |
Yes |
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11) Turnover of
firm for last three years |
Yes |
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12) Profitability
for last three years |
No |
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13) Reasons for
variation <> 20% |
------- |
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14) Estimation
for coming financial year |
Yes |
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15) Capital in the
business |
Yes |
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16) Details of
sister concerns |
No |
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17) Major
suppliers |
No |
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18) Major
customers |
No |
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19) Payments
terms |
Yes |
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20) Export /
Import details (if applicable) |
No |
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21) Market
information |
------- |
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22) Litigations that
the firm / promoter involved in |
------- |
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23) Banking
Details |
Yes |
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24) Banking
facility details |
No |
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25) Conduct of
the banking account |
------- |
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26) Buyer visit
details |
------- |
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27) Financials,
if provided |
Yes |
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28) Incorporation
details, if applicable |
Yes |
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29) Last accounts
filed at ROC |
No |
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30) Major
Shareholders, if available |
Yes |
FORM 8:
|
Corporate
identity number of the company |
U60231PN2011PTC139170 |
|
Name of the
company |
Sawant Transport
Private Limited |
|
Address of the
registered office or of the principal place of business in |
40/A, Near Main Gate,
Bhajipala Market, Yard, Kothi Road, Ahmednagar – 414001, Maharashtra , India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10300704 |
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Type of charge |
Immovable
Property Book Debts Movable Property |
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Particular of
charge holder |
·
Bank of Hivare Bazar Branch, Ahmednafar – 414006, |
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Nature of
description of the instrument creating or modifying the charge |
Sanction Letter Memorandum of
Recording of Equitable Mortgage Mortgagor Letters
of confirmation of Equitable Mortgage |
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Date of
instrument Creating the charge |
05.09.2011 |
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Amount secured by
the charge |
Rs.150.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Cash Credit:
5.25% over and above base rate currently 15.75% p.a. Term Loan: 5.75%
over and above base rate currently 16.25% p.a. Terms of
Repayment Cash Credit –
Repayable of demand Term Loan – 62
Months ncluding moratorium period of 4 Months, date of last installment
31.10.2016. Amount installment of Rs.2.070 Millions p.m. Margin Book Debts: 40% Extent and
Operation of the charge Primary Security:
· Book Debts · 52 Tata LPS 3518 TC 12 M 2 Axie, Flat Bed Trailer. Collateral Security: · Land situated at Gate No.164-A, Chas nagar Pune Road, Ahmednagar owned by Mr. Abhijit Pandharinath Sawant. · Assignment of Whole Life Insurance Policy in the name of director of Rs.15.000 Millions. |
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Short particulars
of the property charged |
Land situated at
Gate no. 164-A, |
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Date of latest
modification prior to the present modification |
05.09.2011 |
|
Particulars of
the present modification |
The sanction of
additional term loan of Rs.120.000 Millions with existing cash credit
facility of Rs.30.000 Millions. |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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 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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.89 |
|
|
1 |
Rs.83.18 |
|
Euro |
1 |
Rs.68.06 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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|
--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
2 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
|
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
27 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.