MIRA INFORM REPORT

Report Date :

21.05.2012

IDENTIFICATION DETAILS

Name :	VIDYA ELECTROTECH PRIVATE LIMITED
Registered Office :	S-120, Greater Kailash, Part II, New Delhi – 110040
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	01.05.2009
Com. Reg. No.:	55-189908
Capital Investment / Paid-up Capital :	Rs. 5.088 Millions
CIN No.: [Company Identification No.]	U32201DL2009PTC189908
TAN No.: [Tax Deduction & Collection Account No.]	DELV09137C
PAN No.: [Permanent Account No.]	AACCV9887D
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of Electronic Components.
No. of Employees :	200 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (42)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 92000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered for small to mediocre 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 – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

LOCATIONS

Registered Office :	S-120, Greater Kailash, Part II, New Delhi – 110040, India
Tel. No.:	Not Available
Mobile No.:	91-9650593912
E-Mail :	cavijaykbhalla@airtelmail.in capawanbansal@yahoo.com support@veplnoida.com
Website :	http://www.veplnoida.com
Area :	9000sq.fts
Location :	Owned
Factory 1 :	A-20, Sector – 65, Noida - 201301, Uttar Pradesh, India
Tel. No.:	91-120-4545134/ 4545135
Fax No.:	91-120-4545136
E-Mail :	vepl@veplnoida.com
Area :	27000sq.fts
Location :	Rented

DIRECTORS

AS ON 30.09.2011

Name :

Mr. Rajnish Malhotra

Designation :

Managing Director

Address :

S-120, Greater Kailash, Part II, New Delhi – 110040, Delhi, India

Date of Birth/Age :

28.08.1956

Date of Appointment :

01.05.2009

DIN No.:

01431877

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U74899DL1996PLC083920	HOTLINE DISPLAY DEVICES LIMITED	Managing director	18-12-96	18-12-96	28-12-07	Active	NO
2	U74899DL1983PTC015785	FUSEBASE ELTORO PRIVATE LIMITED	Director	29-09-04	29-09-04	23-11-07	Active	NO
3	L32101MP1989PLC011551	HOTLINE TELETUBE AND COMPONENTS LIMITED	Director	13-01-07	13-01-07	20-12-07	Active	NO
4	U32101MP1992PLC011567	HOTLINE GLASS LIMITED	Director	13-01-07	13-01-07	20-12-07	Active	NO
5	U74999DL1995PLC074310	HOTLINE ELECTRONIC COMPONENTS LIMITED	Director	14-03-07	14-03-07	20-12-07	Active	NO
6	U32201DL2009PTC189908	VIDYA ELECTROTECH PRIVATE LIMITED	Managing director	10-08-09	01-05-09	-	Active	NO

Name :

Mr. Vipin Kumar Malhan

Designation :

Director

Address :

R/O A-188, Sector – 19, Noida - 201301, Guatam Budh Nagar, Uttar Pradesh, India

Date of Birth/Age :

14.06.1969

Date of Appointment :

01.05.2009

DIN No.:

01687896

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U74899DL1987PTC027741	AIWA ELECTRONICS PRIVATE LIMITED	Director	22-09-97	22-09-97	-	Active	NO
2	U74950DL2001PTC109873	VINAY BOXES PRIVATE LIMITED	Director	02-03-01	02-03-01	-	Active	NO
3	U74899DL1989PTC038236	CENTURY SHOES PRIVATE LIMITED	Director	01-07-02	01-07-02	-	Active	NO
4	U51909DL2004PTC131198	AVNI EXPORTS PRIVATE LIMITED	Director	13-12-04	13-12-04	12-09-07	Active	NO
5	U65993DL1996PLC078126	G AND S FINCAP LIMITED	Director	01-03-05	01-03-05	23-03-10	Active	NO
6	U51909DL1997PTC088208	VISHU ELECTRONICS PRIVATE LIMITED	Director	02-09-05	02-09-05	20-09-07	Active	NO
7	U72200DL2005PTC143284	V A D COMPUSOFT PRIVATE LIMITED	Director	08-02-07	08-02-07	06-02-12	Active	NO
8	U72300DL2007PTC161279	A V COMPUSOFT PRIVATE LIMITED	Director	29-03-07	29-03-07	-	Active	NO
9	U51909DL2002PTC116647	LANCER SALES PRIVATE LIMITED	Additional director	16-08-07	16-08-07	02-09-08	Active	NO
10	U55204DL2007PTC158427	SHANGRI-LA CATERERS AND SERVICES PRIVATE LIMITED	Director	22-01-08	22-01-08	-	Active	NO
11	U72200DL2006PTC144473	NEHAL INFOSYS PRIVATE LIMITED	Director	05-02-08	05-02-08	-	Active	NO
12	U32201DL2009PTC189908	VIDYA ELECTROTECH PRIVATE LIMITED	Director	01-05-09	01-05-09	-	Active	NO
13	U15122DL2011PTC225438	TACK FOOD AND BEVARAGES PRIVATE LIMITED	Director	23-09-11	23-09-11	24-09-11	Active	NO

Name :

Mr. Shashank Shekhar Dixit

Designation :

Director

Address :

H. No.461, 13^th Street Arjuna Estate Beta. I, Greater Noida – 201301, Uttar Pradesh, India

Date of Birth/Age :

18.02.1963

Date of Appointment :

01.05.2009

DIN No.:

01248280

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U51909DL2006PTC155769	TRIO TRADING SOLUTIONS PRIVATE LIMITED	Director	15-02-07	15-02-07	Active	NO
2	U32201DL2009PTC189908	VIDYA ELECTROTECH PRIVATE LIMITED	Director	01-05-09	01-05-09	Active	NO
3	U51101DL2011PTC216057	TRI VISION TRADING PRIVATE LIMITED	Director	17-03-11	17-03-11	Active	NO

Name :

Mr. Amit Choudhary

Designation :

Director

Address :

Flat No.1, Lawer Ground Floor, House No.45, Road No.71, Punjabi Bagh, Delhi – 110026, Delhi, India

Date of Birth/Age :

26.01.1977

Date of Appointment :

01.05.2009

DIN No.:

01248364

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U51909DL2006PTC155769	TRIO TRADING SOLUTIONS PRIVATE LIMITED	Director	15-02-07	15-02-07	Active	NO
2	U32201DL2009PTC189908	VIDYA ELECTROTECH PRIVATE LIMITED	Director	01-05-09	01-05-09	Active	NO
3	U51101DL2011PTC216057	TRI VISION TRADING PRIVATE LIMITED	Director	17-03-11	17-03-11	Active	NO

Name :

Mr. Verender Jeet Singh Khurana

Designation :

Director

Address :

H. No. C-17, Sector - 50, Noida - 201301, Uttar Pradesh, India

Date of Birth/Age :

19.08.1962

Date of Appointment :

01.05.2009

DIN No.:

01417876

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U74899DL1996PLC083920	HOTLINE DISPLAY DEVICES LIMITED	Director	18-12-96	18-12-96	03-12-07	Active	NO
2	U32201DL2009PTC189908	VIDYA ELECTROTECH PRIVATE LIMITED	Director	01-05-09	01-05-09	-	Active	NO
3	U15122DL2011PTC225438	TACK FOOD AND BEVARAGES PRIVATE LIMITED	Director	23-09-11	23-09-11	24-09-11	Active	NO

KEY EXECUTIVES

Name :	Mr. Satinder Bhalla
Designation :	Deputy General Manager (Projects)

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2011

Names of Shareholders	No. of Shares
Mr. Rajnish Malhotra	58125
Mr. Verender Jeet Singh Khurana	64375
Mr. Vipin Kumar Malhan	180250
Trio Trading System Private Limited, India	206000
Mrs. Shelui Sethi	10
Mrs. Anjum Kazimi Chhina	10
Total	508770

AS ON 30.09.2011

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	40.48
Directors or relatives of directors	59.50
Other top fifty shareholders	0.02
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of Electronic Components.
Products :	v CTV, v LCD TV, v DTH, v PCB Assembly, v CTV Chassis, v SKD v CFL/ LED v Automotive PCB Assemblies

PRODUCTION STATUS AS ON 31.03.2011

Particulars	Unit	Installed Capacity	Actual Production
Television Sets	Nos	360000	93889
CFL	Nos	10500000	791200
Chassis Kit	Nos	1320000	51225

* Installed capacities are computed based on a single shift basis as certified by the management

GENERAL INFORMATION

No. of Employees :

200 (Approximately)

Bankers :

Bank of Baroda, SME Branch, Sector -18, Noida - 201301, Uttar Pradesh, India

Facilities :

Secured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
A. Term Loan from Bank - Bank of Baroda (Secured by charge on Plant and Machinery at Factory Premises both present and future)	17.119	21.144
B. Working Capital Loan from Bank - Bank of Baroda (Secured by hypothecation of stocks and book debts)	7.178	6.511
C. Term Loan for Car - Bank of Baroda (Secured by hypothecation of Car)	1.559	0.000
Further the above loans are collaterally secured by the following: -Assignment of Life Insurance Policies of Directors/ Guarantors -Extension of equitable mortgage of land and building owned by directors. - Personal guarantees of directors/ third party guarantee. - Extension of hypothecation of fixed assets.	0.000	0.000
Total	25.856	27.655
Unsecured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Loans and Advances (from director, their relatives and shareholders) From Shareholders	8.100	3.100
Total	8.100	3.100

Banking Relations :	--
Auditors :
Name :	G S A and Associates Chartered Accountants
Address :	16 DDA Flats Ground Floor, Panchsheel – Shivalik Mor Nera Malviya Nagar, New Delhi – 110017, India
Income-tax PAN of auditor or auditor's firm :	AACFS2548F
Associates :	v Trio Trading Solutions Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
550000	Equity Shares	Rs. 10/- each	Rs. 5.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
508770	Equity Shares	Rs. 10/- each	Rs. 5.088 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		5.088	5.088
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		18.032	16.907
4] (Accumulated Losses)		0.000	0.000
NETWORTH		23.120	21.995
LOAN FUNDS
1] Secured Loans		25.856	27.655
2] Unsecured Loans		8.100	3.100
TOTAL BORROWING		33.956	30.755
DEFERRED TAX LIABILITIES		0.857	0.474
TOTAL		57.933	53.224
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		42.069	41.991
Capital work-in-progress		0.000	0.000
INVESTMENT		0.000	0.000
DEFERRED TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	37.715	34.294
	Sundry Debtors	46.586	34.237
	Cash & Bank Balances	10.270	2.136
	Other Current Assets	2.698	0.009
	Loans & Advances	4.862	8.439
Total Current Assets		102.131	79.115
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	83.277	66.175
	Other Current Liabilities	1.726	1.232
	Provisions	1.264	0.475
Total Current Liabilities		86.267	67.882
Net Current Assets		15.864	11.233
MISCELLANEOUS EXPENSES		0.000	0.000
TOTAL		57.933	53.224

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010
	SALES
		Income	477.388	282.225
		Other Income	2.371	1.145
		TOTAL (A)	479.759	283.370
	PROFIT BEFORE TAX (E-F) (G)		1.670	3.254
Less	TAX (H)		0.545	1.009
	PROFIT AFTER TAX (G-H) (I)		1.125	2.245
	IMPORTS
		Raw Materials	123.072	16.721
		Capital Goods	0.000	6.409
	TOTAL IMPORTS		123.072	23.130
	Earnings Per Share (Rs.)		2.21	5.59

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010
PAT / Total Income	(%)	0.23	0.79
Net Profit Margin (PBT/Sales)	(%)	0.35	1.15
Return on Total Assets (PBT/Total Assets}	(%)	1.16	2.69
Return on Investment (ROI) (PBT/Networth)		0.07	0.15
Debt Equity Ratio (Total Liability/Networth)		5.20	4.48
Current Ratio (Current Asset/Current Liability)		1.18	1.17

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report (Yes / No)
1. Year of Establishment	Yes
2. Locality of the firm	Yes
3. Constructions of the firm	Yes
4. Premises details	Yes
5. Type of Business	Yes
6. Line of Business	Yes
7. Promoter’s background	Yes
8. No. of Employees	Yes
9. Name of person contacted	No
10. Designation of contact person	No
11. Turnover of firm for last two years	Yes
12. Profitability for last two years	Yes
13. Reasons for variation <> 20%	--
14. Estimation for coming financial year	No
15. Capital in the business	Yes
16. Details of sister concerns	Yes
17. Major suppliers	No
18. Major customers	No
19. Payments terms	No
20. Export / Import details	No
21. Market information	--
22. Litigations that the firm / promoter involved	--
23. Banking Details	Yes
24. Banking facility details	Yes
25. Conduct of the banking account	--
26. Buyer visit details	--
27. Financials, if provided	Yes
28. Incorporation details, if applicable	Yes
29. Last accounts filed at ROC	Yes
30. Major Shareholders, if available	Yes

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U32201DL2009PTC189908
Name of the company	VIDYA ELECTROTECH PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	S-120, Greater Kailash, Part II, New Delhi – 110040, Delhi
This form is for	Modification of charge
Charge identification number of the modified	10167017
Type of charge	Book Debts Movable Property Floating Charge
Particular of charge holder	Bank of Baroda, SME Branch, Sector -18, Noida - 201301, Uttar Pradesh, India Email ID: ca_rcg@yahoo.co.in
Nature of description of the instrument creating or modifying the charge	Bank's Letter dated 03.10.2011
Date of instrument Creating the charge	03.10.2011
Amount secured by the charge	Rs. 7.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest @ 12% p.a. at monthly rest. Terms of Repayment Payable on demand Margin 25% Extent and Operation of the charge 100% Others To secure all amounts payable under reduced Cash Credit (Hypothecation of stocks and book-debts) limit of Rs. 7.000 millions enjoyed by the Company consequent upon the liquidation of liability under adhoc enhancement of Rs. 3.000 millions granted on 13.08.2010.
Short particulars of the property charged	1. All stocks of raw-materials, work-in-process, semi-finished goods and finished goods such as stock of Cabinet, CPT, Solder stick and wires, speaker, chasis components etc. 2. All the present and future book-debts, outstanding moneys, receivables, claims, bills, contracts, engage-ments and securities. 3. The above facility is collaterally secured by way of extension of hypothecation of the fixed assets of the Company.
Date of latest modification prior to the present modification	13.08.2010
Particulars of the present modification	The charge on stock of all goods and book-debts of the Co.-both present and future as prime security and all fixed assets of the Co.-both present and future as collateral security stands reduced from Rs.10.000 millions to Rs.7.000 millions to secure all amounts payable under reduced CC (Hypothecation of stocks and book-debts) limit of Rs.7.000 millions enjoyed by the Company consequent upon the liquidation of liability under adhoc enhancement of Rs.3.000 millions granted on 13.08.2010. Other terms and conditions remained the same

COMPANY OVERVIEW

Vidya Electrotech Private Limited was incorporated in India on May 1^st, 2009, with its main objective “to manufacture electronics and electrical products such as LCD, Television, Computers etc, and to carry on related business activities for all kinds of electronics and electrical products.

AS PER WEBSITE DETAILS

PROFILE:

Subject has been incorporated by energetic entrepreneur-promoters individually having experience of more than 20 years in the filed of manufacturing of CTV, LCD TV, DTH, PCB Assembly, CTV Chassis, SKD and all other related electronic products.

Subject has been setup with the main objective / mission of manufacturing, exporting and supplying latest state of the art consumer electronic products mainly to be supplied on O.E.M. BASIS / CONTRACT MANUFACTURING / E.M.S..

The VISION of the organisation is to be aggressively competitive in manufacturing and supplying products to our customers to their complete satisfaction and establish ourselves as the best OEM suppliers / contract manufacturers / E.M.S..

FIXED ASSETS:

v Leasehold Improvement

v Office Equipment

v Furniture and Fittings

v Computers

v Software Development

v Plant and Machinery

v Compressor

v Tools

v Generator Set

v Air Conditioner

v Electric Fittings

v 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	Indian Rupees
US Dollar	1	Rs. 54.88
UK Pound	1	Rs. 86.46
Euro	1	Rs. 69.49

INFORMATION DETAILS

Report Prepared by :

BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	-
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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		42

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	-

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.