|
Report Date : |
30.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
MACDONALD STEEL SA (PTY)LTD |
|
|
|
|
Registered Office : |
403
Chamberlain Road, Jacobs, Durban, 4052 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
17.07.1992 |
|
|
|
|
Com. Reg. No.: |
M1992/004044/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture
of Basic Iron and Steel |
|
|
|
|
No. of Employees : |
80 |
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 : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SOUTH AFRICA - ECONOMIC OVERVIEW
South Africa is a middle-income, emerging market with an
abundant supply of natural resources; well-developed financial, legal, communications,
energy, and transport sectors and a stock exchange that is the 15th largest in
the world. Even though the country possesses modern infrastructure that support
a relatively efficient distribution of goods to major urban centers throughout the
region, some components retard growth. The economy began to slow in the second
half of 2007 due to an electricity crisis. State power supplier Eskom
encountered problems with aging plants and meeting electricity demand
necessitating "load-shedding" cuts in 2007 and 2008 to residents and
businesses in the major cities. Subsequently, the global financial crisis
reduced commodity prices and world demand. GDP fell nearly 2% in 2009 but has
recovered since then. Unemployment, poverty, and inequality remain a challenge,
with official unemployment at nearly 25% of the work force. State power
supplier Eskom has built two new power stations and installed new power demand
management programs to improve power grid reliability. South Africa's economic
policy has focused on controlling inflation, however, the country has had
significant budget deficits that restrict its ability to deal with pressing
economic problems. The current government faces growing pressure from special
interest groups to use state-owned enterprises to deliver basic services to
low-income areas and to increase job growth.
Source
: CIA
|
Subject
Name |
MACDONALD
STEEL SA (PTY)LTD |
|
Country |
South
Africa |
|
Account
Review |
Recommended
Every 6 Months |
|
Subject
Contact Person |
VELO
CHETTY - Accountant |
|
Assessment |
This
is an established business. On investigation contact was made with the
accountant MRS. VELO CHETTY who assisted with most of the information. The
financial information was declined due to it being confidential.The subject
is meeting commitments timeously with suppliers. A bank code C was obtained
for an amount of R 7 500 000 over a period of 30 days. Please see the
available information on the subject below. |
|
Registered
Name |
MACDONALD
STEEL SA (PTY)LTD |
|
Trading
as/ Division Name |
MACDONALD
STEEL SA |
|
Previous
Name |
Undisclosed |
|
Date
of Name Change |
Jul 4 2005 12:00AM |
|
Registration
Number |
M1992/004044/07 |
|
Registration
Date |
1992/07/17 |
|
Date
Commenced Trading |
20
1992-07 |
|
Age
of Business |
17Years
10 Months |
|
History
of Business |
The
business was established in 1992 and operations commenced immediately. The
subject underwent a name change in July 2005. |
|
History
of Principals |
There
are currently 2 active directors within the business. |
|
Shareholders/Members/Partners
of subject and % holding |
100
% - MACDONALD HOLDINGS LTD |
|
Authorised
Share Capital |
R
0.00 |
|
Issued
Share Capital/Members Contribution |
R
0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
Suppliers
of Steel |
|
Industry/
Customers |
All
Major construction companies, Hardware stores and government. |
|
Export |
Yes |
|
Export
Countries |
|
|
Import |
Yes |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
3510 |
|
Definition
of Code |
MANUFACTURE
OF BASIC IRON AND STEEL |
|
Head
Office Physical Address |
403
Chamberlain Road, Jacobs, DURBAN, 4052 |
|
Head
Office Postal Address |
P
O BOX 12162, Jacobs, DURBAN, 4026 |
|
Current
Tel Number |
0314505200 |
|
Cell
Number |
|
|
Current
Fax Number |
0314689741 |
|
Current
Email Address |
|
|
Web
Site Address |
|
|
Comments |
|
|
Company
Registered Name |
N
C MAHARAJ AND COMPANY |
|
Trading
Name |
None |
|
Registration
Number |
4403155033089 |
|
Physical
Address |
3
RIDSDALE AVENUE, DURBAN, 4001 |
|
Postal
Address |
P
O BOX 4883, DURBAN, 4000 |
|
Contact
Person |
MAHARAJ |
|
Contact
Number |
0312011391 |
|
Email |
Unavailable |
|
Principals |
1 |
|
Judgements
Against Subject |
None
On Record |
|
Judgements
Against Principals |
None
On Record |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
M190014N |
|
VAT
Number |
4880114063 |
|
Tax
Number |
Unavailable |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
Unavailable |
|
No
of years in Business |
21 |
|
Website |
None |
|
Comment |
|
Previous
Auditors
|
Company
Name |
Phone
Number |
Time
with previous auditors |
Comment |
|
MSGM
MASUKU JEENA (KWAZULU NATAL)INC |
|
21 |
|
|
FERRAR
JEENA INCORPORATED |
|
21 |
|
|
Vat
Number |
4700134531 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1992/10/26 |
|
Tax
Number |
9155684203 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
December |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
Yes |
|
Score |
3.00 |
|
Expire
Date |
Dec
12 2013 |
|
BEE
Certificate Available |
No |
|
Comment |
|
|
|
|
|
ISO
Information - No Information on Record |
|
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
Subsidiaries
Information - No Information on Record
Employees
|
Number
of Employees |
80 |
|
1.
Salaried employees |
45 |
|
2.
Waged employees |
35 |
|
3.
Permanent employees |
80 |
|
4.
Casual employees |
|
|
5.
Contracted employees |
|
|
Comment |
|
Company
Fleet Information - No Information on Record
|
Offices |
Offices |
|
|
Head
Office Owned/ Rented |
Leased |
|
|
Rental
Company |
CHOCO
INVESTMENTS |
|
|
Owned
by |
|
|
|
Value |
|
|
|
Bond |
|
|
|
Bank |
|
|
|
Lease
Agreement |
|
|
|
Lease
Expire Date |
|
|
|
Type
of Premises |
Offices
and workshop |
|
|
Comment |
|
|
|
Branch
Information |
||
|
Branches
Names |
Country |
Province |
|
MACDONALD
STEEL SA (PTY)LTD |
South
Africa |
Johannesburg |
|
MACDONALD
STEEL SA (PTY)LTD |
South
Africa |
Pietermaritzburg |
|
Branch
Detail Information |
||
|
Branches
Owned/ Rented |
Leased |
|
|
Rental
Company |
RAND
STAND |
|
|
Owned
by |
|
|
|
Value |
|
|
|
Bond |
|
|
|
Bank |
|
|
|
Lease
Agreement |
|
|
|
Lease
Expire Date |
|
|
|
Type
of Premises |
Offices
and Workshop |
|
|
Comment |
|
|
|
Branches
Owned/ Rented |
Leased |
|
Rental
Company |
SANDERO
INVESTMENTS |
|
Owned
by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease
Agreement |
|
|
Lease
Expire Date |
|
|
Type
of Premises |
Offices
and Workshop |
|
Comment |
|
Organisation
Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Director |
| CECIL REDDY |
|
|
|
|||
|
1 |
Director |
| DHAIBHEN REDDY |
|
Company
Structure (Ownership)
Note:
One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100
% - MACDONALD HOLDINGS LTD |
MACDONALD
STEEL SA (PTY) LTD |
|
|
Key
Deals - No Information on Record
Trade
References
|
Trade
Reference nr |
Supplier |
Contact |
Surety
Value |
Notarial
Bonds |
Comment |
|
1 |
MITTAL |
0168892319 |
|
|
|
|
2 |
GLOTIN
STEEL |
0169868000 |
|
|
|
|
3 |
GEOSTOTT |
0114749150 |
|
|
|
Trade
References Detail
|
Nr |
Age
of Acc |
Credit
Limit |
Max
Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
15
Years |
|
|
30
Days |
R
6000000 |
30
Days |
Excellent
Account, the subject spends over R 6 000 000 with the
supplier per month. The subject does not have a credit limit. |
|
2 |
13
Years |
R
5500000.00 |
R
7500000 |
30
Days |
R
2000000 |
30
Days |
Excellent
account |
|
3 |
10
Years |
|
R
60000 |
30
Days |
R
50000 |
30
Days |
Good
Account. The subject does not have a credit limit. |
Adverse
Information on Subject
Judgements
- No information on record
BusinessRescue
- No Information on Record
Default
Listing - No information on record
Notarial
Bonds - No information on record
|
Bank |
FIRST
NATIONAL BANK |
|
Branch |
THE
BLUFF |
|
Brach
Code |
250655 |
|
Bank
Account Number |
62100281443 |
|
Type
of Account |
CURRENT |
|
Account
Name |
MACDONALD
STEEL SA (PTY)LTD |
|
Overdraft
Facilities |
YES |
|
Bank
Code |
C
FOR R 7 500 000 |
|
Bank
Comment |
The
subject's bankers consider them good for all business normal engagements |
Bank
Code History - No Information on Record
Previous
Bank Account Information - No Information on Record
Property
Interests for CompanyMACDONALD STEEL SA (PTY)LTD
|
Title
Deed No. |
ST15165/2005 |
Erf/Site
No. |
10054,60 |
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
30
ERSKINE POINT DURBAN |
|
Property
Type |
Sectional
Title |
Extent
/ Size |
107.0SQM |
|
Purchase
Date |
2005/01/26 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
STANDARD
BANK OF SOUTH AFRICA L |
|
Bond
Number |
SB160852005 |
Bond
Amount |
|
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T95348/1999 |
Erf/Site
No. |
0 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
2
ADDO MOOIKLOOF RIDGE PRETORIA |
|
Property
Type |
Farms |
Extent
/ Size |
5.1348H |
|
Purchase
Date |
1999/04/15 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
|
Title
Deed No. |
T6223/2008 |
Erf/Site
No. |
|
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
2
POWER PROSPECTON PROSPECTON |
|
Property
Type |
Freehold |
Extent
/ Size |
5487.0SQM |
|
Purchase
Date |
2007/07/24 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
ABSA
BANK LTD |
|
Bond
Number |
B55732008 |
Bond
Amount |
|
|
Comment |
|
||
Principals
|
Number
of Principals |
2 |
|
Average
Age of Active Principals |
60 |
|
Active
Principals Principal - 1of 2 CECIL REDDY |
|
|
Surname |
REDDY |
|
First
Name |
CECIL |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
5202255144088 |
|
Verified
ID Number |
Yes |
|
Current
Age |
61 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
2001/10/25 |
|
Physical
Address (at time of Appointment) |
33
MUIRFIELD CIRCLE, MT EDGECOMBE COUNTRY, 4302 |
|
Postal
Address |
P
O OBOX 12162, JACOBS, 4026 |
|
Current
Tel Number |
0314689741 |
|
Cell
number |
0827778241 |
|
Shareholding/Membership |
0.0000 |
Principal's
Adverse - No information on record
Business
Information forCECIL REDDY
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
TOUREG INVESTMENTS (PTY)LTD |
2004/031848/07 |
In
Business |
8
Years 7 Months |
0 |
No |
|
|
SANDERO INVESTMENTS (PTY)LTD |
2007/035738/07 |
In
Business |
5
Years 5 Months |
0 |
No |
|
|
PIT
PROP CC |
B1995/022801/23 |
In
Business |
17
Years 11 Months |
0 |
No |
|
|
ORYZ INVESTMENTS
(PTY)LTD |
K2011/127400/07 |
In
Business |
1
Years 7 Months |
0 |
No |
|
|
CORPROSMA INVESTMENTS (PTY)LTD |
K2011/148914/07 |
In
Business |
1
Years 5 Months |
0 |
No |
|
|
ODORI INVESTMENTS
(PTY)LTD |
K2011/148949/07 |
In
Business |
1
Years 5 Months |
0 |
No |
|
|
MORADA INVESTMENTS (PTY)LTD |
K2011/148958/07 |
In
Business |
1
Years 5 Months |
0 |
No |
|
|
INDUKU INVESTMENTS (PTY)LTD |
K2011/149013/07 |
In
Business |
1
Years 5 Months |
0 |
No |
|
|
INTISIKA INVESTMENTS (PTY)LTD |
K2011/149021/07 |
In
Business |
1
Years 5 Months |
0 |
No |
|
|
PREFECTURE INVESTMENTS (PTY)LTD |
K2012/021794/07 |
In
Business |
1
Years 3 Months |
0 |
No |
|
|
NAYAN
RESOURCES (PTY)LTD |
K2012/117503/07 |
In
Business |
10
/Months |
0 |
No |
|
|
CECILIAN INVESTMENTS (PTY)LTD |
K2012/180620/07 |
In
Business |
7
Months |
0 |
No |
|
|
BAMPIPE PROPERTIES (PTY)LTD |
K2013/045126/07 |
In
Business |
2
Months |
0 |
No |
|
|
MACDONALD
STEEL SA (PTY)LTD |
M1992/004044/07 |
In
Business |
20
Years 10 Months |
0 |
No |
|
|
BAMBANANI
PIPES AND FITTINGS (PTY)LTD |
M1998/014242/07 |
In
Business |
14
Years 10 Months |
0 |
No |
|
|
CHOCO INVESTMENTS (PTY)LTD |
M2001/006866/07 |
In
Business |
12
Years 2 Months |
0 |
No |
|
|
KHOLEKA ENGINEERING (PTY)LTD |
M2003/002163/07 |
In
Business |
10
Years 4 Months |
0 |
No |
|
|
DENDUSTRI PROPERTIES (PTY)LTD |
M2005/014284/07 |
In
Business |
8
Years |
0 |
No |
|
|
DENDUSTRI
SA (PTY)LTD |
M2005/014287/07 |
In
Business |
8
Years |
0 |
No |
|
|
KAGGEN INVESTMENTS (PTY)LTD |
M2006/037684/07 |
In
Business |
6
Years 5 Months |
0 |
No |
|
|
MACDONALD PRECISION (PTY)LTD |
M2006/038261/07 |
In
Business |
6
Years 5 Months |
0 |
No |
|
|
MACDONALD HOLDINGS (PTY)LTD |
M2008/012399/07 |
In
Business |
5
Years |
0 |
No |
|
|
STEEL
EXPRESS (PTY)LTD |
M2009/024813/07 |
In
Business |
3
Years 5 Months |
0 |
No |
|
|
THOMPSONS
PLACE (PTY)LTD |
M2010/000395/07 |
In
Business |
3
Years 4 Months |
0 |
No |
|
|
ZAIKA INVESTMENTS
(PTY)LTD |
M2011/000637/07 |
In
Business |
2
Years 4 Months |
0 |
No |
|
Principal
Previous Business Interests
Average
Age of Previous Business 11 Years
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
SOUTHERN
STAR MINING (PTY)LTD |
2007/029026/07 |
In
Business |
5
Years 7 Months |
0 |
No |
|
|
NASHFIELD
CITY OUTFITTERS CC |
B1991/024283/23 |
Deregistration
Final |
21
Years 8 Months |
0 |
No |
|
|
SHISELA
INSIMBI FABRICATORS CC |
B1999/024371/23 |
Deregistration
Final |
14
Years |
0 |
No |
|
|
DUBAKU
INVESTMENTS CC |
B2007/249101/23 |
Deregistration
Final |
5
Years 5 Months |
0 |
No |
|
|
CYCLIC
STEEL CC |
B2008/162408/23 |
Voluntary
Liquidation |
4
Years 10 Months |
0 |
Yes |
|
|
UMZIMAI
PROPERTIES (PTY)LTD |
M1982/002358/07 |
Voluntary
Liquidation |
31
Years 2 Months |
0 |
Yes |
|
|
JAGUAR
METALS (PTY)LTD |
M1997/007892/07 |
In
Business |
16
Years |
1 |
No |
|
|
TUMELO
STEEL (PTY)LTD |
M2006/002376/07 |
In
Business |
7
Years 4 Months |
0 |
No |
|
|
ELINEM
COASTAL PROJECTS (PTY)LTD |
M2007/001735/07 |
In
Business |
6
Years 4 Months |
2 |
No |
|
|
VELVET
SKY AVIATION |
M2008/029447/07 |
In
Business |
4
Years 5 Months |
0 |
No |
|
|
(PTY)LTD |
|
|
|
|
|
|
Principal's
Deeds Information - No information on record
Principal
- 2of 2 DHAIBHEN REDDY
|
Surname |
REDDY |
|
First
Name |
DHAIBHEN |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
5404120088058 |
|
Verified
ID Number |
Yes |
|
Current
Age |
59 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1992/10/27 |
|
Physical
Address (at time of Appointment) |
33
MUIRFIELD CIRCLE, MT EDGECOMBE COUNTRY, 4302 |
|
Postal
Address |
PO
BOX 12162, JACOBS, 4026 |
|
Current
Tel Number |
0312660224 |
|
Cell
number |
0824437588 |
|
Shareholding/Membership |
0.0000 |
Principal's
Adverse - No information on record
Business
Information forDHAIBHEN REDDY Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
CERIDEAN INVESTMENTS (PTY)LTD |
M1987/004966/07 |
In
Business |
25
Years 7 Months |
0 |
No |
|
|
MACDONALD
STEEL SA (PTY)LTD |
M1992/004044/07 |
In
Business |
20
Years 10 Months |
0 |
No |
|
|
BAMBANANI
PIPES AND FITTINGS (PTY)LTD |
M1998/014242/07 |
In
Business |
14
Years 10 Months |
0 |
No |
|
|
KHOLEKA ENGINEERING (PTY)LTD |
M2003/002163/07 |
In
Business |
10
Years 4 Months |
0 |
No |
|
|
DENDUSTRI PROPERTIES (PTY)LTD |
M2005/014284/07 |
In
Business |
8
Years |
0 |
No |
|
|
DENDUSTRI
SA (PTY)LTD |
M2005/014287/07 |
In
Business |
8
Years |
0 |
No |
|
|
STEEL
EXPRESS (PTY)LTD |
M2009/024813/07 |
In
Business |
3
Years 5 Months |
0 |
No |
|
|
THOMPSONS
PLACE (PTY)LTD |
M2010/000395/07 |
In
Business |
3
Years 4 Months |
0 |
No |
|
Principal
Previous Business Interests
Average
Age of Previous Business 15 Years
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
SHISELA
INSIMBI FABRICATORS CC |
B1999/024371/23 |
Deregistration
Final |
14
Years |
0 |
No |
|
|
UMZIMAI
PROPERTIES (PTY)LTD |
M1982/002358/07 |
Voluntary
Liquidation |
31
Years 2 Months |
0 |
Yes |
|
|
ELITE
HOUSEWARES (PTY)LTD |
M1988/005455/07 |
Deregistration
Final |
24
Years 8 Months |
0 |
No |
|
|
TANKTRANS INTERNATIONAL (PTY)LTD |
M1994/001055/07 |
Deregistration
Final |
19
Years 3 Months |
0 |
No |
|
|
CORROSION
CONTROL SOLUTIONS (PTY)LTD |
M1996/002264/07 |
Deregistration
Final |
17
Years 3 Months |
0 |
No |
|
|
JAGUAR
METALS (PTY)LTD |
M1997/007892/07 |
In
Business |
16
Years |
1 |
No |
|
|
TUMELO
STEEL (PTY)LTD |
M2006/002376/07 |
In
Business |
7
Years 4 Months |
0 |
No |
|
|
ELINEM
COASTAL PROJECTS (PTY)LTD |
M2007/001735/07 |
In
Business |
6
Years 4 Months |
2 |
No |
|
|
VELVET
SKY AVIATION |
M2008/029447/07 |
In
Business |
4
Years 5 Months |
0 |
No |
|
|
(PTY)LTD |
|
|
|
|
|
|
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.24 |
|
|
1 |
Rs.84.54 |
|
Euro |
1 |
Rs.72.32 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.