MIRA INFORM REPORT

Report Date :

25.05.2013

IDENTIFICATION DETAILS

Name :	KONG HOO (PRIVATE) LIMITED
Registered Office :	63 Hillview Avenue, 03-04, Lam Soon Industrial Building, 669569
Country :	Singapore
Date of Incorporation :	06.12.1961
Com. Reg. No.:	196100186-M
Legal Form :	Exempt Private Company
Line of Business :	Trading of palm oil and edible oil
No. of Employees :	35 [2013]

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Unknown
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 – March 31^st 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
Singapore	A1	A1

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

Singapore ECONOMIC OVERVIEW

Singapore has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries. The economy depends heavily on exports, particularly in consumer electronics, information technology products, pharmaceuticals, and on a growing financial services sector. Real GDP growth averaged 8.6% between 2004 and 2007. The economy contracted 0.8% in 2009 as a result of the global financial crisis, but rebounded 14.8% in 2010, on the strength of renewed exports, before slowing to 5.2% in 2011 and 1.3% in 2012, largely a result of soft demand for exports during the second European recession. Over the longer term, the government hopes to establish a new growth path that focuses on raising productivity, which has sunk to an average of about 1.0% in the last decade. Singapore has attracted major investments in pharmaceuticals and medical technology production and will continue efforts to establish Singapore as Southeast Asia's financial and high-tech hub.

Source : CIA

* Adopted abbreviations :	SC - Subject Company (the company enquired by you)
	N/A - Not Applicable

EXECUTIVE SUMMARY

REGISTRATION NO.

:

196100186-M

COMPANY NAME

:

KONG HOO (PRIVATE) LIMITED

FORMER NAME

:

N/A

INCORPORATION DATE

:

06/12/1961

COMPANY STATUS

:

EXIST

LEGAL FORM

:

EXEMPT PRIVATE

LISTED STATUS

:

NO

REGISTERED ADDRESS

:

63 HILLVIEW AVENUE, 03-04, LAM SOON INDUSTRIAL BUILDING, 669569, SINGAPORE.

BUSINESS ADDRESS

:

63 HILLVIEW AVENUE, 03-04, LAM SOON INDUSTRIAL BUILDING, 669569, SINGAPORE.

TEL.NO.

:

65-67691857

FAX.NO.

:

65-67626633

WEB SITE

:

WWW.KONGHOO.COM

CONTACT PERSON

:

SHIRLEY ( STAFF )

PRINCIPAL ACTIVITY

:

TRADING OF PALM OIL AND EDIBLE OIL

ISSUED AND PAID UP CAPITAL

:

2,000,000.00 ORDINARY SHARE, OF A VALUE OF SGD 2,000,000.00

SALES

:

N/A

NET WORTH

:

N/A

STAFF STRENGTH

:

35 [2013]

BANKER (S)

:

MALAYAN BANKING BHD

LITIGATION

:

CLEAR

FINANCIAL CONDITION

:

N/A

PAYMENT

:

N/A

MANAGEMENT CAPABILITY

:

AVERAGE

COMMERCIAL RISK

:

MODERATE

CURRENCY EXPOSURE

:

MODERATE

GENERAL REPUTATION

:

SATISFACTORY

INDUSTRY OUTLOOK

:

AVERAGE GROWTH

HISTORY / BACKGROUND

The SC is an exempt private company whose shares are not held by any corporate body and has no more than 20 shareholders who are all natural persons. An exempt company is a type of private limited company. A private limited company is a separate legal entity from its shareholders. As a separate legal entity, the SC is capable of owning assets, entering into contracts, suing or be sued by other companies. An exempt private company with an annual turnover of less than SGD5 million are exempted from statutory auditing requirements. Instead of filing audited annual accounts, the SC has to file in a document duly signed by its director in charge of its finance and the company secretary stating that the SC is able to meet all its obligations as and when they fall due. The SC is not required to have their accounts audited. However, the SC will prepare unaudited accounts for purposes of AGMs and filing with Registry Office if it is unable to meet all its obligations as and when they fall due .

The SC is principally engaged in the (as a / as an) trading of palm oil and edible oil.

The major shareholder(s) of the SC are shown as follows :

Name	Address	IC/PP/Loc No	Shareholding	(%)
WONG WEE KEONG +	93 CASHEW TERRACE, CASHEW ESTATE, 679603, SINGAPORE.	S1487764I	1,600,000.00	80.00
WONG KUANG KIONG +	448 CHOA CHU KANG VENUE 4, 11-277, 680448, SINGAPORE.	S2019657B	200,000.00	10.00
WONG CHIN KONG	151 PETIR ROAD, 09-172, 670151, SINGAPORE.	S1216391F	200,000.00	10.00
			---------------	------
			2,000,000.00	100.00
			============	=====

+ Also Director

DIRECTORS

DIRECTOR 1

Name Of Subject	:	WONG KUANG KIONG
Address	:	448 CHOA CHU KANG VENUE 4, 11-277, 680448, SINGAPORE.
IC / PP No	:	S2019657B
Date of Appointment	:	26/07/1976

DIRECTOR 2

Name Of Subject	:	WONG WEE KEONG
Address	:	93 CASHEW TERRACE, CASHEW ESTATE, 679603, SINGAPORE.
IC / PP No	:	S1487764I
Date of Appointment	:	19/06/2006

MANAGEMENT

1)	Name of Subject	:	SHIRLEY
	Position	:	STAFF

AUDITOR

Auditor	:	CHING, LIAW & YAP
Auditor' Address	:	N/A

COMPANY SECRETARIES

1)	Company Secretary	:	CHONG GEK SING
	IC / PP No	:	S0108901C
	Address	:	506A SERANGOON NORTH AVENUE 4, 12-446, 551506, SINGAPORE.

BANKING

Banking relations are maintained principally with :

1)

Name

:

MALAYAN BANKING BHD

The SC enjoys normal banking routine with above mentioned banker(s). No adverse record was found during our investigation.

ENCUMBRANCE (S)

ENCUMBRANCE 1

Date of Creation

:

18/03/1966

Description Of Charge

:

N/A

Amount Secured

:

SGD15,000.00

Description Of Property Affected

:

N/A

Name & Address Of Chargee

:

MALAYAN BANKING BERHAD

Form 40 Dated

Registered and Numbered 6100011 In The Register of Charges

ENCUMBRANCE 2

Date of Creation

:

08/05/1973

Description Of Charge

:

N/A

Amount Secured

:

SGD35,000.00

Description Of Property Affected

:

N/A

Name & Address Of Chargee

:

MALAYAN BANKING BERHAD

Form 40 Dated

Registered and Numbered 7300433 In The Register of Charges

ENCUMBRANCE 3

Date of Creation

:

01/11/1980

Description Of Charge

:

N/A

Amount Secured

:

SGD41,000.00

Description Of Property Affected

:

N/A

Name & Address Of Chargee

:

MALAYAN BANKING BERHAD

Form 40 Dated

Registered and Numbered 8003222 In The Register of Charges

ENCUMBRANCE 4

Date of Creation

:

18/08/1981

Description Of Charge

:

N/A

Amount Secured

:

SGD609,000.00

Description Of Property Affected

:

N/A

Name & Address Of Chargee

:

UNITED MALAYAN BANKING CORPORATION LIMITED

Form 40 Dated

Registered and Numbered 8103315 In The Register of Charges

ENCUMBRANCE 5

Date of Creation

:

19/06/1984

Description Of Charge

:

N/A

Amount Secured

:

SGD1,000,000.00

Description Of Property Affected

:

N/A

Name & Address Of Chargee

:

SME BANK BERHAD

Form 40 Dated

Registered and Numbered 8402742 In The Register of Charges

ENCUMBRANCE 6

Date of Creation

:

16/01/1985

Description Of Charge

:

N/A

Amount Secured

:

SGD300,000.00

Description Of Property Affected

:

N/A

Name & Address Of Chargee

:

SME BANK BERHAD

Form 40 Dated

Registered and Numbered 8500172 In The Register of Charges

ENCUMBRANCE 7

Date of Creation

:

07/06/1995

Description Of Charge

:

N/A

Amount Secured

:

N/A

Description Of Property Affected

:

N/A

Name & Address Of Chargee

:

SME BANK BERHAD

Form 40 Dated

Registered and Numbered 9503363 In The Register of Charges

ENCUMBRANCE 8

Date of Creation

:

25/09/1995

Description Of Charge

:

N/A

Amount Secured

:

N/A

Description Of Property Affected

:

N/A

Name & Address Of Chargee

:

SME BANK BERHAD

Form 40 Dated

Registered and Numbered 9505867 In The Register of Charges

ENCUMBRANCE 9

Date of Creation

:

27/10/1995

Description Of Charge

:

N/A

Amount Secured

:

N/A

Description Of Property Affected

:

N/A

Name & Address Of Chargee

:

SME BANK BERHAD

Form 40 Dated

Registered and Numbered 9506600 In The Register of Charges

ENCUMBRANCE 10

Date of Creation

:

23/08/1996

Description Of Charge

:

N/A

Amount Secured

:

N/A

Description Of Property Affected

:

N/A

Name & Address Of Chargee

:

SME BANK BERHAD

Form 40 Dated

Registered and Numbered 9605055 In The Register of Charges

ENCUMBRANCE 11

Date of Creation

:

26/01/1994

Description Of Charge

:

N/A

Amount Secured

:

N/A

Description Of Property Affected

:

N/A

Name & Address Of Chargee

:

MALAYAN BANKING BERHAD

Form 40 Dated

Registered and Numbered 9400524 In The Register of Charges

ENCUMBRANCE 12

Date of Creation

:

09/12/1996

Description Of Charge

:

N/A

Amount Secured

:

N/A

Description Of Property Affected

:

N/A

Name & Address Of Chargee

:

STANDARD CHARTERED BANK

Form 40 Dated

Registered and Numbered 9607388 In The Register of Charges

ENCUMBRANCE 13

Date of Creation

:

11/12/2004

Description Of Charge

:

N/A

Amount Secured

:

N/A

Description Of Property Affected

:

N/A

Name & Address Of Chargee

:

THE BANK OF EAST ASIA LIMITED

Form 40 Dated

Registered and Numbered C200406296 In The Register of Charges

ENCUMBRANCE 14

Date of Creation

:

25/04/2005

Description Of Charge

:

N/A

Amount Secured

:

N/A

Description Of Property Affected

:

N/A

Name & Address Of Chargee

:

BANGKOK BANK PUBLIC COMPANY LIMITED

Form 40 Dated

Registered and Numbered C200502405 In The Register of Charges

ENCUMBRANCE 15

Date of Creation

:

07/04/2007

Description Of Charge

:

N/A

Amount Secured

:

N/A

Description Of Property Affected

:

N/A

Name & Address Of Chargee

:

BANGKOK BANK PUBLIC COMPANY

Form 40 Dated

Registered and Numbered C200702656 In The Register of Charges

ENCUMBRANCE 16

Date of Creation

:

30/11/2009

Description Of Charge

:

N/A

Amount Secured

:

N/A

Description Of Property Affected

:

N/A

Name & Address Of Chargee

:

CITIBANK N.A

Form 40 Dated

Registered and Numbered C200907799 In The Register of Charges

ENCUMBRANCE 17

Date of Creation

:

15/07/2010

Description Of Charge

:

N/A

Amount Secured

:

N/A

Description Of Property Affected

:

N/A

Name & Address Of Chargee

:

UNITED OVERSEAS BANK LIMITED

Form 40 Dated

Registered and Numbered C201006043 In The Register of Charges

ENCUMBRANCE 18

Date of Creation

:

15/07/2010

Description Of Charge

:

N/A

Amount Secured

:

N/A

Description Of Property Affected

:

N/A

Name & Address Of Chargee

:

AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

Form 40 Dated

Registered and Numbered C201008015 In The Register of Charges

ENCUMBRANCE 19

Date of Creation

:

24/09/2012

Description Of Charge

:

N/A

Amount Secured

:

N/A

Description Of Property Affected

:

N/A

Name & Address Of Chargee

:

DBS BANK LTD.

Form 40 Dated

Registered and Numbered C201210832 In The Register of Charges

LEGAL CHECK AGAINST SC

* A check has been conducted in our databank against the SC whether the subject has been involved in any litigation. 

No legal action was found in our databank. 

No winding up petition was found in our databank. 

PAYMENT RECORD

SOURCES OF RAW MATERIALS:
Local	:	N/A
Overseas	:	N/A

The SC refused to disclose its suppliers. 

CLIENTELE

Local	:	YES
Domestic Markets	:	SINGAPORE
Overseas	:	YES
Export Market	:	ASIA
Credit Term	:	AS AGREED
Payment Mode	:	CHEQUES TELEGRAPHIC TRANSFER (TT)

OPERATIONS

Goods Traded

:

PALM OIL AND EDIBLE OIL

Total Number of Employees:
YEAR	2013
GROUP	N/A
COMPANY	35

Branch

:

NO

Other Information:

The SC is principally engaged in the (as a / as an) trading of palm oil and edible oil. 

The SC supplies the followings:

* Edible Oil:

Refined Bleached Deodorised Palm Oil
Refined Bleached Deodorised Palm Olein
Refined Bleached Deodorised Coconut oil
Refined Bleached Deodorised Palm Stearin
Refined Bleached Deodorised Soya bean Oil
Double Fractionated Palm Olein

* Oleochemicals:

Palm Kernel Acid Oil
Palm Sludge Oil
Soft Acid Oil
Palm Acid Oil
Palm Stearin Fatty Acid
Palm Fatty Acid Distillate
Palm Kernel Fatty Acid Distillate
Coconut fatty acid distillate
Glycerol

* Other Products:

Sweetened Condensed Milk
Vegetable Ghee
Shortening
Margarine
Soap Noodles
Detergents
Biodiesel: Palm Biodiesel 

CURRENT INVESTIGATION

Latest fresh investigations carried out on the SC indicated that :

Telephone Number Provided By Client	:	N/A
Current Telephone Number	:	65-67691857
Match	:	N/A
Address Provided by Client	:	63 HILLVIEW AVENUE #03-04, LAM SOON INDUSTRIAL BUILDING, SINGAPORE 669569
Current Address	:	63 HILLVIEW AVENUE, 03-04, LAM SOON INDUSTRIAL BUILDING, 669569, SINGAPORE.
Match	:	YES

Other Investigations

we contacted one of the staff from the SC and she provided some information on the SC.

The SC refused to disclose its number of employees.

FINANCIAL ANALYSIS

The SC is a private exempt company which does not need to file in its accounts with the Registrar of Companies for the information of the public. Therefore, we are not able to comment on the SC's financial performance.

Overall financial condition of the SC : N/A

SINGAPORE ECONOMIC / INDUSTRY OUTLOOK

Major Economic Indicators :	2008	2009	2010	2011	2012
Population (Million)	4.84	4.98	5.08	5.18	5.31
Gross Domestic Products ( % )	1.5	<0.8>	14.5	4.9	1.3
Consumer Price Index	6.6	0.6	2.8	5.2	4.6
Total Imports (Million)	450,892.6	356,299.3	423,221.8	459,655.1	474,554.0
Total Exports (Million)	476,762.2	391,118.1	478,840.7	514,741.2	510,329.0
Unemployment Rate (%)	2.2	3.2	2.2	2.1	2.0
Tourist Arrival (Million)	10.12	9.68	11.64	13.17	14.37
Hotel Occupancy Rate (%)	81.0	75.8	85.6	86.5	86.4
Cellular Phone Subscriber (Million)	1.31	1.37	1.43	1.50	1.52
Registration of New Companies (No.)	25,327	26,414	29,798	32,317	31,892
Registration of New Companies (%)	<2.2>	4.3	12.8	8.5	<1.3>
Liquidation of Companies (No.)	10,493	22,393	15,126	19,005	17,218
Liquidation of Companies (%)	13.7	113.4	<32.5>	25.6	9.4
Registration of New Businesses (No.)	24,850	26,876	23,978	23,494	24,788
Registration of New Businesses (%)	0.36	8.15	<10.78>	2.02	5.51
Liquidation of Businesses (No.)	21,150	23,552	24,211	23,005	22,489
Liquidation of Businesses (%)	<0.8>	11.4	2.8	<5>	<2.2>
Bankruptcy Orders (No.)	2,326	2,058	1,537	1,527	1,748
Bankruptcy Orders (%)	<15.9>	<11.5>	<25.3>	<0.7>	14.5
Bankruptcy Discharges (No.)	1,500	3,056	2,252	1,391	1,881
Bankruptcy Discharges (%)	<7.7>	103.7	<26.3>	<38.2>	35.2
INDUSTRIES ( % of Growth ) :
Agriculture
Production of Principal Crops	<0.32>	3.25	<0.48>	4.25	3.64
Fish Supply & Wholesale	<6.31>	<1.93>	<10.5>	12.10	<0.5>
Manufacturing *	74.6	71.5	92.8	100.0	100.3
Food, Beverages & Tobacco	94.8	90.4	96.4	100.0	103.5
Textiles	180.1	145.9	122.1	100.0	104.0
Wearing Apparel	334.6	211.0	123.3	100.0	92.1
Leather Products & Footwear	128.2	79.5	81.8	100.0	98.6
Wood & Wood Products	132.0	101.4	104.0	100.0	95.5
Paper & Paper Products	101.0	95.4	106.1	100.0	97.4
Printing & Media	118.2	100.9	103.5	100.0	93.0
Crude Oil Refineries	113.1	96.4	95.6	100.0	99.4
Chemical & Chemical Products	84.5	80.3	97.6	100.0	100.5
Pharmaceutical Products	43.7	49.1	75.3	100.0	109.7
Rubber & Plastic Products	120.1	101.2	112.3	100.0	96.5
Non-metallic Mineral	96.5	91.9	92.5	100.0	98.2
Basic Metals	109.8	92.6	102.2	100.0	90.6
Fabricated Metal Products	101.3	90.8	103.6	100.0	104.3
Machinery & Equipment	65.0	57.3	78.5	100.0	112.9
Electrical Machinery	81.7	86.8	124.1	100.0	99.3
Electronic Components	93.1	85.2	113.6	100.0	90.6
Transport Equipment	102.0	96.0	94.0	100.0	106.3
Construction	45.90	<36.9>	14.20	20.50	28.70
Real Estate	<11.2>	1.4	21.3	25.4	31.9
Services
Electricity, Gas & Water	<1.3>	1.70	4.00	7.00	6.30
Transport, Storage & Communication	11.60	3.90	12.80	7.40	5.30
Finance & Insurance	<5.9>	<16.4>	<0.4>	8.90	0.50
Government Services	17.40	4.50	9.70	6.90	6.00
Education Services	0.50	0.10	<0.9>	<1.4>	0.30
* Based on Index of Industrial Production (2011 = 100)
(Source : Department of Statistics)

INDUSTRY ANALYSIS

INDUSTRY :	TRADING
The wholesale and retail trade sector contracted by 1.5% in the fourth quarter of 2012, extending the 0.2% decline in the preceding quarter. For the whole of 2012, the sector declined by 0.7%, reversing the 1.6% growth in 2011. The sector was weighed down primarily by the wholesale trade segment. In 2012, the wholesale trade segment contracted by 1.0%, a reversal from the 1.4% growth in 2011. Growth of the retail trade segment also moderated to 2.0%, from 3.2% in the year 2011.
The domestic wholesale trade index grew by 1.2% in the fourth quarter of 2012, an improvement from the 5.4% decline in the third quarter. This was partly due to an increase in the sales of chemicals & chemical products and ship chandlers & bunkering. For the full year of 2012, the domestic wholesale trade index contracted by 2.2%, extending the 1.7% decline in 2011. The foreign wholesale trade index grew by 8.6% in the fourth quarter, an increase from the 6.6% growth in the third quarter. The expansion was partly due to resilient sales of petroleum & petroleum products. For the whole of 2012, the foreign wholesale trade index expanded by 9.1%, faster than the 4.3% increase in 2011.
In the fourth quarter of 2012, retail sales volume declined by 2.0%, extending the 0.3% decline in the third quarter. Excluding motor vehicles, retail sales volume grew by 0.4%, a slight moderation compared to the 1.5% gain in the third quarter of 2012. The sales volume of motor vehicles fell by 11% in the fourth quarter of 2012, after contracting by 6.1% in the third quarter. The sales of several discretionary items also declined in the fourth quarter. Besides, the sales of optical goods & books in 2012 fell by 3.6%, while the sales of telecommunications apparatus & computers declined by 1.4%.
For 2012 as a whole, retail sales volume grew by 1.3%, compared to the 2.0% expansion in 2011. Excluding motor vehicle sales, the increase in retail sales volume also moderated from 5.4% in 2011 to 1.7% in 2012. Medical goods & toiletries registered the largest increase (9.3%) in sales, followed by telecommunications apparatus & computers (6.9%). By contrast, the sales of watches & jewellery (-2.2%) and optical goods & books (-3.6%) declined.
OVERALL INDUSTRY OUTLOOK : AVERAGE GROWTH

CREDIT RISK EVALUATION & RECOMMENDATION

Incorporated in 1961, the SC is a Exempt Private company, focusing on trading of palm oil and edible oil. With its long presence in the industry coupled with its vast experiences in the business, the SC should have built up certain goodwill with its clients over times. The capital standing of the SC is fair. With an adequate share capital, the SC has the potential of expanding its business in future. 

Over the years, the SC has penetrated into both the local and overseas market. The SC has positioned itself in the global market and is competing in the industry. Its stable clientele base will enable the SC to further enhance its business in the near term. The SC is operating on a medium scale and it has approximately 35 employees in its business operations. Overall, we regard that the SC's management capability is average. 

As the SC is registered as an Exempt Private company, it is not required to file financial statements for public review. As such, we are unable to ascertain its present financial health. 

The industry shows an upward trend and this trend is very likely to sustain in the near terms. Hence, the SC is expected to benefit from the favourable outlook of the industry. The SC however faces moderate business risk as it has to compete with many well established players in the same field. 

In view of the above, we recommend credit be granted to the SC with close monitoring.

FINANCIAL ACCOUNT

No latest financial accounts are available at the Registry Office. 

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.61
UK Pound	1	Rs.83.98
Euro	1	Rs.71.94

INFORMATION DETAILS

Report Prepared by :

MNL

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 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%)

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.