MIRA
INFORM REPORT
|
Report Date : |
17.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
GOLDY PRECISION STAMPINGS PRIVATE LIMITED (w.e.f 10.08.2003) |
|
|
|
|
Formerly Known
As : |
GOLDY PRESS TOOLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Manisha Bunglow, Savarkarnagar, Gangapur Road, Nashik – 422013, Maharashtra |
|
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Country : |
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|
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Financials (as
on) : |
31.03.2012 |
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|
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|
Date of
Incorporation : |
03.04.1991 |
|
|
|
|
Com. Reg. No.: |
11-061022 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.6.002 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34100MH1991PTC061022 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacture of high quality precision stampings for O.E.M. in Automotive, Aerospace,
Electrical and Industrial
Industry. |
|
|
|
|
No. of Employees
: |
135 (Approximately) (Permanent: 50+
Contract Base: 85 ) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 230000 |
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|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a satisfactory track record.
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 normal 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.
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
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Vijay Bhaykar |
|
Designation : |
Sales and Finance Manager |
|
Contact No.: |
91-253-6696074 |
|
Date : |
14.06.2013 |
LOCATIONS
|
Registered Office : |
Manish Bunglow, Savarkarnagar, Gangapur Road, Nashik – 422013, Maharashtra,
India |
|
Tel. No.: |
91-253-6604785/ 6696074/ 2350885/ 6604885 |
|
Mobile No.: |
91-9225815039 (Mr. Mangesh Chaudhary) |
|
Fax No.: |
91-253-2351412 |
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E-Mail : |
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Website: |
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|
Location : |
Owned |
|
|
|
|
Factory : |
F84/ 85, MIDC, Satpur Estate, Nashik – 422007, |
|
Tel. No.: |
91-253-6604785/ 6696074/ 2350885/ 6604885 |
|
Fax No.: |
91-253-2351412 |
|
E-Mail : |
DIRECTORS
(AS ON 31.08.2012)
|
Name : |
Mr. Mohan Ramkrishna Raikar |
|
Designation : |
Managing Director |
|
Address : |
Manisha, Savarkar Nagar, |
|
Date of Birth/Age : |
10.07.1943 |
|
Date of Appointment : |
03.04.1991 |
|
DIN No.: |
00045601 |
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|
|
|
Name : |
Mrs. Manisha Mohan Raikar |
|
Designation : |
Director |
|
Address : |
Manisha, Savarkar Nagar, |
|
Date of Birth/Age : |
02.10.1947 |
|
Date of Appointment : |
03.04.1991 |
|
DIN No.: |
01522565 |
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|
|
|
Name : |
Mr. Siddhesh Mohan Raikar |
|
Designation : |
Director |
|
Address : |
Manisha, Savarkar Nagar, |
|
Date of Birth/Age : |
05.11.1976 |
|
Date of Appointment : |
23.02.2000 |
|
DIN No.: |
01681752 |
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|
|
|
Name : |
Mr. Jayesh Mohan Raikar |
|
Designation : |
Director |
|
Address : |
Manisha, Savarkar Nagar, |
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Date of Birth/Age : |
01.08.1979 |
|
Date of Appointment : |
23.02.2000 |
|
DIN No.: |
01522528 |
KEY EXECUTIVES
|
Name : |
Mr. Vijay Bhaykar |
|
Designation : |
Sales and Finance Manager |
|
|
|
|
Name : |
Mr. Mangesh Chaudhary |
|
Designation : |
Work Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Mohan Ramkrishna Raikar |
|
20010 |
|
Jayesh Mohan Raikar |
|
4000 |
|
Manisha Mohan Raikar |
|
1010 |
|
Siddhesh Mohan Raikar |
|
4000 |
|
Pooja Sidhesh Raikar |
|
500 |
|
Priyanka Jayesh Raikar |
|
500 |
|
|
|
|
|
Total |
|
30020 |
(AS ON 31.08.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of Directors |
|
100.00 |
|
|
|
|
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture of high quality precision stampings for O.E.M. in Automotive, Aerospace,
Electrical and Industrial
Industry. |
|
|
|
|
Exports : |
|
|
Products : |
·
Shock Absorber Damping Valves ·
Gaskets |
|
Countries : |
·
USA ·
China ·
Thailand |
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|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
Sudan ·
France |
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|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
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|
|
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
No. of Employees : |
135 (Approximately) (Permanent: 50+ Contract Base: 85) |
|
|
|
|
Bankers : |
·
Small Industries Development Bank of India Pingle Complex, 1st Floor, Opposite Kulkarni Garden,
Sharanpur Road, Nashik – 422002, Maharashtra, India ·
Citi Bank Nashik, Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajendra P Shah and Company Chartered Accountants |
|
Address : |
6, Archit Enclave Kotwal Park, Near Swimming Pool, Trimbak Road, Nashik
– 422005, Maharashtra, India |
|
Tel No.: |
91-253-2581651/ 2315737 |
|
Fax No.: |
91-253-2315842 |
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Mobile No.: |
91-9422249670 |
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PAN No.: |
AMTPS4861N |
|
Email : |
CAPITAL STRUCTURE
(AS ON 31.08.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35000 |
Equity Shares |
Rs. 100/- each |
Rs. 3.500 Millions |
|
30000 |
Non cum Red Preference Shares |
Rs. 100/- each |
Rs. 3.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 6.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30020 |
Equity Shares |
Rs. 100/-
each |
Rs. 3.002
Millions |
|
30000 |
Non cum Red Preference Shares |
Rs. 100/-
each |
Rs. 3.000
Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 6.002 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
6.002 |
6.002 |
|
(b) Reserves & Surplus |
|
50.305 |
33.557 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
56.307 |
39.559 |
|
(2)
Share Application money pending allotment |
|
0.000 |
0.000 |
|
|
|
|
|
|
(3) Non-current liabilities |
|
|
|
|
(a) long-term borrowings |
|
23.497 |
7.544 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term borrowings |
|
33.685 |
26.246 |
|
(b) Trade payables |
|
16.503 |
19.923 |
|
(c) Other current
liabilities |
|
20.620 |
14.368 |
|
(d) Short-term provisions |
|
14.326 |
11.768 |
|
TOTAL |
|
164.938 |
119.408 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
58.306 |
40.825 |
|
(ii) Intangible Assets |
|
0.352 |
0.039 |
|
(iii) Capital
work-in-progress |
|
0.138 |
0.184 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
2.565 |
2.167 |
|
(c) Deferred tax assets (net) |
|
0.868 |
3.065 |
|
(d) Long-term Loan and Advances |
|
2.000 |
5.165 |
|
(e) Other Non-current assets |
|
0.681 |
0.098 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
28.145 |
12.919 |
|
(c) Trade receivables |
|
56.746 |
43.120 |
|
(d) Cash and cash
equivalents |
|
0.739 |
0.289 |
|
(e) Short-term loans and
advances |
|
14.263 |
11.432 |
|
(f) Other current assets |
|
0.135 |
0.105 |
|
TOTAL |
|
164.938 |
119.408 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
3.002 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
19.822 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
22.824 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
28.245 |
|
|
2] Unsecured Loans |
|
|
16.274 |
|
|
TOTAL BORROWING |
|
|
44.519 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
OTHERS |
|
|
21.394 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
88.737 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
36.923 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
2.189 |
|
|
DEFERREX TAX ASSETS |
|
|
0.465 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
16.213 |
|
|
Sundry Debtors |
|
|
17.059 |
|
|
Cash & Bank Balances |
|
|
0.098 |
|
|
Other Current Assets |
|
|
31.394 |
|
|
Loans & Advances |
|
|
5.791 |
|
Total
Current Assets |
|
|
70.555 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
|
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
|
|
5.428 |
|
Total
Current Liabilities |
|
|
21.395 |
|
|
Net Current Assets |
|
|
49.160 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
88.737 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
TOTAL TURNOVER |
243.000 (Approximately) |
206.541 |
112.686 |
|
|
|
|
|
|
|
|
TOTAL INCOME |
NA |
146.653 |
78.198 |
|
|
|
|
|
|
|
|
NET PROFIT
BEFORE DEPRECIATION |
NA |
23.390 |
6.327 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
NA |
6.089 |
|
|
|
|
|
|
|
|
TAX |
NA |
NA |
2.064 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
NA |
11.756 |
4.025 |
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
264.500 |
The above information has been parted by Mr. Vijay Bhaykar - Sales and
Finance Manager
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA
|
5.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA
|
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.02
|
0.85 |
1.95 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.17
|
0.94 |
3.30 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Trade payables |
16.503 |
19.923 |
Not Available |
|
|
|
|
|
|
Total |
16.503 |
19.923 |
Not Available |
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes
/ No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last two years |
Yes |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
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 |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
FORM 8
|
This form is for |
Creation of
charge |
|
Charge
identification number of the modified |
-- |
|
Corporate
identity number of the company |
U34100MH1991PTC061022 |
|
Name of the
company |
GOLDY PRECISION
STAMPINGS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Manisha Bunglow,
Savarkar Nagar, Gangapur Road, Nashik,
Maharashtra, India |
|
Type of charge |
Movable property (not being pledge) |
|
Particular of
charge holder |
Small Industries
Development Bank of India Pingle Complex, 1st
Floor, Opposite Kulkarni Garden, Sharanpur Road, Nashik – 422002,
Maharashtra, India |
|
Nature of
description of the instrument creating or modifying the charge |
Loan agreement
and deed of hypothecation. |
|
Date of
instrument Creating the charge |
23/04/2013 |
|
Amount secured by
the charge |
Rs.12.000
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest Interest @ 13.50 %
p.a. SIDBI's
Prime Lending Rate PLR rising or falling therewith, with monthly rests The current SIDBI
PLR being 12.75% and current effective rate of interest being 13.50% p.a. Terms of
Repayment The Loan shall be
repaid in 60 monthly installment comprising Rs.2,00,000/- each commencing
immediately after the date of first disbursement. The dates of such
installments shall be 10th day of every month of each year. Margin As per bank
norms. Extent and
Operation of the charge First charge on
whole of the movable properties of the Borrower, including its movables,
plant, machinery, machinery spares, tools and accessories, office equipment,
computers, furniture and fixtures and other movables (save and except book
debts) both present and future whether installed or not and whether now lying
loose or in cases or which are now lying or stored in or about. Others Extension of
First Charge By way of hypothecation in favor of Sidbi on all the movable assets
including Plant and machinery, Equipments, Spares, Tools, Accessories,
Furniture , Fixtures and fittings, office Equipment and other movables;
acquired out of earlier Term Loans. |
|
Short particulars
of the property charged |
Disc Centrifugal
Stand Alone Machine Model No MF 60/2, Multifinish GMBH and Co.KG. Movable assets charged by way of extension
of hypothecation |
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 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.58.41 |
|
|
1 |
Rs.91.62 |
|
Euro |
1 |
Rs.78.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.