1. Summary Information

		Country	India
Company Name	KAY DEE COMMUNICATIONS PRIVATE LIMITED	Principal Name 1	Mr. Harprit Singh Kohli
Status	Moderate	Principal Name 2	Mr. Gagandeep Kohli
		Registration #	55-186686
Street Address	C5A/118, Janak Puri, New Delhi – 110058
Established Date	15.01.2009	SIC Code	--
Telephone#	Not Available	Business Style 1	Distributor
Fax #	Not Available	Business Style 2	Dealer
Homepage	Not Available	Product Name 1	Mobile Phones
# of employees	45 (Approximately)	Product Name 2	Electronic Appliances
Paid up capital	Rs.4,600,000/-	Product Name 3	-
Shareholders	Directors or relatives of directors 100%	Banking	Union Bank of India
Public Limited Corp.	No	Business Period	5 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	B (32)
Related Company
Relation	Country	Company Name	CEO
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2013		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	53,528,000	Current Liabilities	40,571,000
Inventories	35,518,000	Long-term Liabilities	25,843,000
Fixed Assets	399,000	Other Liabilities	1,085,000
Deferred Assets	000	Total Liabilities	67,499,000
Invest& other Assets	100,000	Retained Earnings	17,446,000
		Net Worth	22,046,000
Total Assets	89,545,000	Total Liab. & Equity	89,545,000
Total Assets (Previous Year)	36,921,000
P/L Statement as of	31.03.2013		(Unit: Indian Rs.)
Sales	864,340,000	Net Profit	6,461,000
Sales(Previous yr)	530,242,000	Net Profit(Prev.yr)	2,285,000

MIRA INFORM REPORT

Report Date :

21.04.2014

IDENTIFICATION DETAILS

Name :	KAY DEE COMMUNICATIONS PRIVATE LIMITED
Registered Office :	C5A/118, Janak Puri, New Delhi – 110058
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	15.01.2009
Com. Reg. No.:	55-186686
Capital Investment / Paid-up Capital :	Rs. 4.600 Millions
CIN No.: [Company Identification No.]	U32202DL2009PTC186686
TAN No.: [Tax Deduction & Collection Account No.]	DELK09991C
PAN No.: [Permanent Account No.]	AADCK5718M
Legal Form :	Private Limited Liability Company
Line of Business :	Dealer and Distributor of Mobile Phones and Electronic Appliances.
No. of Employees :	45 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (32)

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

Maximum Credit Limit :	USD 88000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The rating reflects moderate financial risk profile marked by thin profitability levels and increased in external borrowing of the company over previous year. However, trade relations are fair. Business is active. Payment terms are slow but correct. The company can be considered for business dealing with some caution.

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, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
India	A1	A1

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

INDIAN ECONOMIC OVERVIEW

US investment bank Goldman Sachs  has upgraded its outlook on Indian markets as it expects positive impact of the election cycle.

India’s economy may grow 4.7 % in the current financial year, lower than the official estimate of 4.9 %, Fitch Rating said. The global rating agency expects the economy to pick up in the next two financial years.

Global ratings agency Standard & Poor said increasing focus by India Inc on lowering debt is likely to improve their credit profiles.

Singapore (1.1 million Indian tourists in 2012), Thailand (one million), the United Arab Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred holidays hotspots for Indians. The total figure is expected to increase to 1.93 million by 2017, according to the latest Eurmonitor international report.

There is a $29.34 bn outward foreign direct investment by domestic companies between April and January of 2013/14 which has seen some signs of recovery according to a Care Ratings report.

There are 264 number of new companies being set up every day on average during 2014. Most of them are registered in Mumbai. India had 1.38 million registered companies at the end of January, 2014.

Twitter like messaging service Weibo Corporation has filed to raise $ 500 million via a US initial public offering. Alibaba, which owns a stake in Weibo is expected to raise about $ 15 billion New York this year in the highest profile Internet IPO since Facebook’s in 2012.

Bharti Airtel has raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at a coupon rate of three per cent and maturing in 2020. This is the largest ever bond offering by an Indian company in Swiss Francs. Bharat Petroleum Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98 % coupon rate in February.

Indian Oil Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex at its almost complete Paradip refinery in Odhisha in three to four years. The company board is set to consider the setting up of a 700000 tonne per annum polypropylene plant at an estimated cost at Rs.3150 crore.

Global chief information officers at gathering in Bangalore in April to meet Indian startups at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in the making.

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 (GENERAL INFORMATION)

Name :	Mr. Kawaljit kaur
Designation :	Director
Contact No.:	91-9810860050
Date :	14.04.2014

LOCATIONS

Registered Office :	C5A/118, Janak Puri, New Delhi – 110058, India
Tel. No.:	Not Available
Mobile No.:	91-9810860050 (Mr. Kawaljit Kaur)
Fax No.:	Not Available
E-Mail :	pmandassociates@hotmail.com kaydeepcommunications@gmail.com Malhotra_vijay@hotmail.com
Location :	Owned
Head Office :	H -14, Sector -63, Noida - 201307, Uttar Pradesh, India
Tel. No.:	91-120-4730221

DIRECTORS

As on: 30.09.2013

Name :

Mr. Harprit Singh Kohli

Designation :

Director

Address :

B – 7, Sector - 41, Gautam Budh Nagar, Noida -201301, Uttar Pradesh, India

Date of Birth/Age :

14.10.1980

Date of Appointment :

15.01.2009

DIN No.:

01627819

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U18101DL2004PTC131161	KAY DEE CREATIONS PRIVATE LIMITED	Director	10/12/2004	10/12/2004	-	Active	NO
2	U51909DL1996PTC083118	KAY DEE AUDIOVISIONS PRIVATE LIMITED	Director	01/04/2006	01/04/2006	-	Active	NO
3	U32202DL2009PTC186686	KAY DEE COMMUNICATIONS PRIVATE LIMITED	Director	15/01/2009	15/01/2009	-	Active	NO

Name :

Mr. Kawaljit Kaur

Designation :

Director

Address :

B – 7, Sector -41, Gautam Budh Nagar, Noida -201301, Uttar Pradesh, India

Date of Birth/Age :

13.09.1955

Date of Appointment :

15.01.2009

DIN No.:

01627845

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U51909DL1996PTC083118	KAY DEE AUDIOVISIONS PRIVATE LIMITED	Director	15/11/1996	15/11/1996	-	Active	NO
2	U18101DL2004PTC131161	KAY DEE CREATIONS PRIVATE LIMITED	Director	10/12/2004	10/12/2004	-	Active	NO
3	U32202DL2009PTC186686	KAY DEE COMMUNICATIONS PRIVATE LIMITED	Director	15/01/2009	15/01/2009	-	Active	NO

Name :

Mr. Gagandeep Sing Kohli

Designation :

Director

Address :

B – 7, Sector -41, Gautam Budh Nagar, Noida -201301, Uttar Pradesh, India

Date of Birth/Age :

26.04.1979

Date of Appointment :

16.01.2009

DIN No.:

02476344

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U18101DL2004PTC131161	KAY DEE CREATIONS PRIVATE LIMITED	Director	10/12/2004	10/12/2004	-	Active	NO
2	U51909DL1996PTC083118	KAY DEE AUDIOVISIONS PRIVATE LIMITED	Director	01/04/2006	01/04/2006	-	Active	NO
3	U32202DL2009PTC186686	KAY DEE COMMUNICATIONS PRIVATE LIMITED	Director	16/01/2009	16/01/2009	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 30.09.2013

Names of Shareholders	No. of Shares
Harprit Singh Kohli	234600
Kawaljit Kaur	225400
Total	460000

As on: 30.09.2013

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Dealer And Distributors Of Mobile Phones And Electronic Appliances
Terms :
Selling :	Cash / credit
Purchasing :	Cash / credit

GENERAL INFORMATION

Customers :

Retailers

No. of Employees :

45 (Approximately)

Bankers :

Union Bank of India, Main Branch, Sector-29, Noida - 201301, Uttar Pradesh, India

Facilities :

Secured Loans	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
Short Term Borrowings
Cash Credit form (Union Bank of India) (Secured Against Hypothecation of Stock and Debtors	20.614	11.059
Total	20.614	11.059

Banking Relations :	--
Auditors :
Name :	P. M. and Associates Chartered Accountants
Address :	307, Kirti Deep Building, DDA Commercial Complex, Nangal Raya, New Delhi – 110046, India
Tel. No.:	91-11-28524691
Fax No.:	91-11-28524691
E-Mail :	pmandassociates@hotmail.com
Income-tax PAN of auditor or auditor's firm :	AAAFP8965D

CAPITAL STRUCTURE

As on: 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
500,000	Equity Shares	Rs. 10/- each	Rs. 5.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
460,000	Equity Shares	Rs. 10/- each	Rs. 4.600 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	4.600
(b) Reserves & Surplus	17.446
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	22.046
(3) Non-Current Liabilities
(a) long-term borrowings	5.229
(b) Deferred tax liabilities (Net)	0.035
(c) Other long term liabilities	0.000
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	5.264
(4) Current Liabilities
(a) Short term borrowings	20.614
(b) Trade payables	40.571
(c) Other current liabilities	0.000
(d) Short-term provisions	1.050
Total Current Liabilities (4)	62.235
TOTAL	89.545
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.399
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	0.100
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	0.000
(e) Other Non-current assets	0.034
Total Non-Current Assets	0.533
(2) Current assets
(a) Current investments	0.000
(b) Inventories	35.518
(c) Trade receivables	33.823
(d) Cash and cash equivalents	18.867
(e) Short-term loans and advances	0.804
(f) Other current assets	0.000
Total Current Assets	89.012
TOTAL	89.545

SOURCES OF FUNDS		31.03.2012	31.03.2011
SHAREHOLDERS FUNDS
1] Share Capital		4.600	4.600
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		10.995	8.736
4] (Accumulated Losses)		0.000	0.000
NETWORTH		15.595	13.336
LOAN FUNDS
1] Secured Loans		11.059	19.272
2] Unsecured Loans		4.575	4.575
TOTAL BORROWING		15.634	23.847
DEFERRED TAX LIABILITIES		0.025	0.000
TOTAL		31.254	37.183
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.346	0.392
Capital work-in-progress		0.000	0.000
INVESTMENT		0.200	0.000
DEFERREX TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	13.896	27.154
	Sundry Debtors	20.978	15.633
	Cash & Bank Balances	0.236	0.155
	Other Current Assets	0.000	0.000
	Loans & Advances	1.207	3.318
Total Current Assets		36.317	46.260
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	4.667	8.472
	Other Current Liabilities	0.000	0.078
	Provisions	1.000	1.000
Total Current Liabilities		5.667	9.550
Net Current Assets		30.650	36.710
MISCELLANEOUS EXPENSES		0.058	0.081
TOTAL		31.254	37.183

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	864.340	530.242	608.142
		Other Income	N.A.	N.A.	N.A.
		TOTAL	N.A.	N.A.	N.A.
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL	N.A.	N.A.	N.A.
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		9.521	3.248	2.971
Less/ Add	DEPRECIATION/ AMORTISATION		0.061	0.046	0.045
	PROFIT BEFORE TAX		9.460	3.202	2.926
Less	TAX		2.999	0.917	1.000
	PROFIT AFTER TAX		6.461	2.285	2.826
	Deferred Tax Liability Reserve		0.011	0.011	0.000
	BALANCE CARRIED TO THE B/S		6.451	2.274	2.826
	Earnings Per Share (Rs.)		14.05	4.97	6.14

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Net Profit Margin (PBT/Sales)	(%)	1.09	0.60	0.48
Return on Total Assets (PBT/Total Assets}	(%)	10.58	8.73	6.27
Return on Investment (ROI) (PBT/Networth)		0.43	0.21	0.22
Debt Equity Ratio (Total Debt/Networth)		1.17	1.00	1.79
Current Ratio (Current Asset/Current Liability)		1.43	6.41	4.84

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(INR in Mlns)	(INR in Mlns)	(INR in Mlns)
Sales	608.142	530.242	864.340
		(12.810)	63.009

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(INR in Mlns)	(INR in Mlns)	(INR in Mlns)
Sales	608.142	530.242	864.340
Profit After Tax	2.826	2.285	6.461
	0.46%	0.43%	0.75%

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	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last two 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	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
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	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

UNSECURED LOANS

Particulars	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
Long Term Borrowing
From Shareholders and Directors	5.229	4.575
Total	5.229	4.575

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10385261	11/10/2012	10,000,000.00	UNION BANK OF INDIA	MAIN BRANCH, SECTOR-29, NOIDA, UTTAR PRADESH - 201301, INDIA	B61651014
2	10359490	17/05/2012	30,000,000.00	UNION BANK OF INDIA	MAIN BRANCH, SECTOR-29, NOIDA, UTTAR PRADESH - 201301, INDIA	B41147778
3	10280167	17/05/2012 *	30,000,000.00	UNION BANK OF INDIA	MAIN BRANCH, SECTOR-29, NOIDA, UTTAR PRADESH - 201301, INDIA	B41130246

*Date of changes in Modification

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 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.60.38
UK Pound	1	Rs.101.63
Euro	1	Rs.83.57

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	KAR
Report Prepared by :	SNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	4
--RESERVES	1~10	3
--CREDIT LINES	1~10	4
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTERS
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		32

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.