1. Summary Information
|
Country |
|
||
|
Company Name |
SUNGWOO GESTAMP
HITECH (PUNE) PRIVATE LIMITED |
Principal Name 1 |
Mr. Lee Myung Keun |
|
Status |
Moderate |
Principal Name 2 |
Mr. Park Hee Keun |
|
Registration # |
25-132576 |
||
|
Street Address |
Gat No. 374,
517-521, 523, Village Takwe Budruk, Tal Maval, Vadgaon, Pune – 412106,
Maharashtra, India |
||
|
Established Date |
07.08.2008 |
SIC Code |
-- |
|
Telephone# |
91-211-4301727 |
Business Style 1 |
Manufacture |
|
Fax # |
91-2114-301727 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Various auto components parts |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 600,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings-100.00% |
Banking |
Not Available |
|
Public Limited Corp. |
No |
Business Period |
4 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ca (15) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Joint Venture |
|
Sungwoo Hitech Company Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
389,230,000 |
Current Liabilities |
872,978,000 |
|
Inventories |
301,868,000 |
Long-term Liabilities |
572,540,000 |
|
Fixed Assets |
777,765,000 |
Other Liabilities |
794,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
1,446,312,000 |
|
Invest& other Assets |
1,063,000 |
Retained Earnings |
0,000 |
|
|
0 |
Net Worth |
23,614,000 |
|
Total Assets |
1,469,926,000 |
Total Liab. & Equity |
1,469,926,000 |
|
Total Assets (Previous Year) |
1,173,776,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Total Income |
711,355,000 |
Net Profit |
(230,577,000) |
|
Total Income (Previous yr) |
596,602,000 |
Net Profit(Prev.yr) |
(207,784,000) |
MIRA INFORM REPORT
|
Report Date : |
11.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
SUNGWOO GESTAMP HITECH (PUNE) PRIVATE LIMITED (w.e.f 08.01.2010) |
|
|
|
|
Formerly Known
As : |
SUNGWOO AUTOMOTIVE INDIA PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
Gat No. 374, 517-521 and 523, Village Takwe Budruk, Tal Maval,
Vadgaon, Pune – 412106, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
07.08.2008 |
|
|
|
|
Com. Reg. No.: |
25-132576 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 600.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28939PN2008PTC132576 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNES23838D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAMCS2106G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in the manufacture of Various auto components
parts for passenger cars. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (15) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There appears
some accumulated losses recorded by the company. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings on a safe and
secured trade terms and condition. |
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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.
LOCATIONS
|
Registered Office : |
Gat No. 374, 517-521 and 523, Village Takwe Budruk, Tal Maval,
Vadgaon, Pune – 412106, Maharashtra, India |
|
Tel. No.: |
91-211-4301727 |
|
Fax No.: |
91-2114-301727 |
|
E-Mail : |
|
|
Website: |
DIRECTORS
As on : 29.09.2012
|
Name : |
Mr. Raman Nanda |
|
Designation : |
Additional Director |
|
Address : |
V-16, sacred |
|
Date of Birth/Age : |
15.03.1956 |
|
Date of Appointment : |
01.12.2011 |
|
DIN No.: |
00078198 |
|
|
|
|
Name : |
Mr. Lee Myung Keun |
|
Designation : |
Director |
|
Address : |
21 13 Hyundai Camel ia Haute U Dong, Haeundaegu, Busn, 3627705, |
|
Date of Birth/Age : |
05.11.1944 |
|
Date of Appointment : |
30.09.2009 |
|
DIN No.: |
00426115 |
|
|
|
|
Name : |
Mr. Park Hee Keun |
|
Designation : |
Director |
|
Address : |
3-204 Saeun |
|
Date of Birth/Age : |
14.09.1950 |
|
Date of Appointment : |
07.08.2008 |
|
DIN No.: |
00426266 |
|
|
|
|
Name : |
Mr. Francisco Jose Riberas Mera |
|
Designation : |
Director |
|
Address : |
16 Alfonso XII |
|
Date of Birth/Age : |
01.06.1964 |
|
Date of Appointment : |
30.09.2009 |
|
DIN No.: |
01732230 |
|
|
|
|
Name : |
Mr. Francisco Lopez Pena |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
05.03.1959 |
|
Date of Appointment : |
30.09.2009 |
|
DIN No.: |
01790019 |
|
|
|
|
Name : |
Mr. Jong Beom Kim |
|
Designation : |
Managing Director |
|
Address : |
11/14, 635-12, Bumach, Mulkeum, Yang San, |
|
Date of Birth/Age : |
13.12.1962 |
|
Pan No.: |
BSNPK6223R |
|
Date of Appointment : |
01.09.2009 |
|
DIN No.: |
02993093 |
|
|
|
|
Name : |
Mr. Jefrey Winston Wilson |
|
Designation : |
Alternate Director |
|
Address : |
723, |
|
Date of Birth/Age : |
01.04.1960 |
|
Date of Appointment : |
05.07.2012 |
|
DIN No.: |
05150375 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on ; 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sungwoo HI- Tech Company Limited, |
|
30000000 |
|
Gestamp |
|
30000000 |
|
Total |
|
60000000 |
Equity
Share Break up (Percentage of Total Equity)
As on : 29.09.2012
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the manufacture of Various auto components
parts for passenger cars. |
PRODUCTION STATUS
As on 31.03.2011
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
M 200 |
Nos |
417492 |
139167 |
|
M 300 |
Nos |
878345 |
454343 |
|
|
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S R Batliboi and Company Chartered Accountants |
|
Address : |
C- 401, 4th Floor, Panchshil Techpark, Yerwada, Pune –
411006, |
|
PAN No.: |
AALFS0506L |
|
|
|
|
Joint Venture: |
|
|
|
|
|
Subsidiaries of Sungwoo Hitech Company Limited: |
|
|
|
|
|
Subsidiaries of Gestamp |
Cin No. (U28910TN1997PLC047905) |
CAPITAL STRUCTURE
As on : 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
70000000 |
Equity Shares |
Rs. 10/-each |
Rs. 700.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
60000000 |
Equity Shares |
Rs. 10/-each |
Rs. 600.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
600.000 |
600.000 |
600.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(576.386) |
(345.809) |
(138.024) |
|
|
NETWORTH |
23.614 |
254.191 |
461.976 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
572.540 |
708.529 |
654.100 |
|
|
TOTAL BORROWING |
572.540 |
708.529 |
654.100 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
596.154 |
962.720 |
1116.076 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
777.765 |
748.172 |
835.263 |
|
|
Capital work-in-progress |
1.063 |
0.702 |
21.704 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
301.868
|
72.417
|
67.044 |
|
|
Sundry Debtors |
146.174
|
138.093
|
163.890 |
|
|
Cash & Bank Balances |
13.419
|
11.620
|
77.036 |
|
|
Other Current Assets |
0.874
|
8.183
|
5.517 |
|
|
Loans & Advances |
228.763
|
194.589
|
695.780 |
|
Total
Current Assets |
691.098
|
424.902
|
1009.267 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
684.745
|
189.776
|
718.967 |
|
|
Other Current Liabilities |
188.233
|
17.998
|
30.962 |
|
|
Provisions |
0.794
|
3.282
|
0.229 |
|
Total
Current Liabilities |
873.772
|
211.056
|
750.158 |
|
|
Net Current Assets |
182.674
|
213.846
|
259.109 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
596.154 |
962.720 |
1116.076 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
711.355 |
596.602 |
446.351 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
841.995 |
700.755 |
514.592 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(130.640) |
(104.153) |
(68.241) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
99.937 |
107.096 |
33.378 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ LOSS
BEFORE TAX |
(230.577) |
(211.249) |
(101.619) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
(3.465) |
(7.780) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ LOSS
AFTER TAX |
(230.577) |
(207.784) |
(93.839) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(345.809) |
(138.024) |
(44.185) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(576.386) |
(345.808) |
(138.024) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
261.747 |
258.265 |
|
|
|
Stores & Spares |
NA |
0.368 |
540.243 |
|
|
|
Capital Goods |
NA |
2.579 |
0.348 |
|
|
|
Tooling Cost |
NA |
0.000 |
0.000 |
|
|
|
Machinery Spares |
NA |
7.839 |
282.458 |
|
|
TOTAL IMPORTS |
NA |
272.533 |
1081.314 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(0.00) |
(3.46) |
(1.85) |
|
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KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(32.41)
|
(34.82) |
(21.02) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(15.70)
|
(49.71) |
(10.06) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(9.76)
|
(0.21) |
(0.15) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
24.24
|
2.79 |
1.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.79
|
1.34 |
0.79 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three 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
(if applicable) |
No |
|
21] |
Market information |
------------------- |
|
22] |
Litigations that the firm
/ promoter involved in |
-------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE:
The registered office of the company has been shifted from A-6/8 MIDC
Ranjangaon, Taluka Shirur, Pune – 412220,
UNSECURED LOAN :
Rs.
in Millions
|
Particulars |
31.03.2012 |
31.03.2011 |
|
Term Loan |
157.028 |
-- |
|
Rupee term loans banks unsecured |
-- |
235.677 |
|
Working capital loans banks unsecured |
350.000 |
350.000 |
|
Other debt unsecured |
-- |
122.204 |
|
Interest accrued due other debt unsecured |
-- |
0.648 |
|
Loans Repayable on Demand |
65.512 |
-- |
|
Total |
572.540 |
708.529 |
FIXED ASSETS
- Land
- Plant and Machinery
- Furniture and Fixtures
- Office Equipments
- Computers
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. 54.54 |
|
|
1 |
Rs. 84.19 |
|
Euro |
1 |
Rs. 71.11 |
INFORMATION DETAILS
|
Report Prepared
by : |
|
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
15 |
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.