|
Report Date : |
03.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
SCIENTIFIC REMEDIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shree Nivas, 9, Cosmic Enclave, Sama, Vadodara – 390 008, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
06.05.2003 |
|
|
|
|
Com. Reg. No.: |
04-042343 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.525
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231GJ2003PTC042343 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is in the business of trading of Pet Foods and Pet Care
Products. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
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 100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having a satisfactory track record. Profitability of
the company seems to be fair. Trade relations are
fair. Business is active. Payment terms are reported to be usually correct. The company can
be considered for business dealings at usual 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.
INDIAN ECONOMIC OVERVIEW
India’s current
account deficit narrowed in the quarter ended September as government measures
to curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and acquisition
guidelines, cleared by a group of ministers, will be out before the auction
begins so that players can make informed decisions on the auctions.
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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 DECLINED
Management non-cooperative
(Tel. No.: 91-265-2784048)
LOCATIONS
|
Registered Office : |
Shree Nivas, 9, Cosmic Enclave, Near Old Jakat Naka, Sama, Vadodara –
390 008, Gujarat, India |
|
Tel. No.: |
91-265-2785340 |
|
Fax No.: |
91-265-2785340 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Sales Office : |
No.3, City Park, Opposite ICICI ATM, Sama, Vadodara – 390 008, Gujarat, India |
|
Tel. No.: |
91-265-2784048/ 49/ 3290644 |
|
Fax No.: |
91-265-2785980 |
DIRECTORS
AS ON 27.09.2013
|
Name : |
Mrs. Radha Pushpa Chandramohan |
|
Designation : |
Whole-Time Director |
|
Address : |
K-11, Alembic Colony, Gorwa, Vadodara – 390 003, Gujarat, India |
|
Date of Birth/Age : |
18.07.1959 |
|
Date of Appointment : |
06.05.2003 |
|
DIN No.: |
01867211 |
|
|
|
|
Name : |
Mr. Rakesh Mohan Chandramohan |
|
Designation : |
Director |
|
Address : |
Shree Nivas, 9, Cosmic Enclave, Near Old Jakat Naka, Sama, Vadodara –
390 008, Gujarat, India |
|
Date of Birth/Age : |
30.10.1986 |
|
Date of Appointment : |
06.12.2008 |
|
DIN No.: |
02439812 |
|
|
|
|
Name : |
Mr. Harish Mohan Chandramohan |
|
Designation : |
Director |
|
Address : |
Shree Nivas, 9, Cosmic Enclave, Near Old Jakat Naka, Sama, Vadodara –
390 008, Gujarat, India |
|
Date of Birth/Age : |
17.01.1984 |
|
Date of Appointment : |
27.09.2013 |
|
DIN No.: |
06603299 |
|
|
|
|
Name : |
Dr. Padma G.M. Rao |
|
Designation : |
Director |
|
Address : |
Angha, Manipal Perapally Road, Vidhyarathna Road, Manipa, Udupi – 576
102, Karnataka, India |
|
Date of Birth/Age : |
15.12.1952 |
|
Date of Appointment : |
06.05.2003 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Radhadevi C. Chandramohan |
|
152300 |
|
Padma G.M. Rao |
|
100 |
|
Kanubhai S. Patel |
|
100 |
|
Total
|
|
152500 |
AS ON 27.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is in the business of trading of Pet Foods and Pet Care
Products. |
|
|
|
|
Products : |
·
Scientific Remedies Products ·
Hills Pet Nutrition Products ·
Beaphar Products |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
Union Bank of
India, 16, Nandurga Society, Nizampura, Vadodara – 390 002, Gujarat, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
Nature of security: The above Cash Credit
Facility from Union Bank of India are primarily secured by way of first
charge on stock, book debts and entire other current assets and movable
assets of the company and further secured by way of pledge of shares and Life
Insurance Policies of directors and their relatives and also by way of
extension of charge on two residential properties owned by director. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Contractor, Nayak and Kishnadwala Chartered Accountants |
|
Address : |
C 201-202, Shree Siddhi Vinayak Complex, Opposite Alkapuri Side
Railway Station, Alkapuri, Vadodara – 390 005, Gujarat, India |
|
Tel. No.: |
91-265-2343483 |
|
Fax No.: |
91-265-2354353 |
|
E-Mail : |
|
|
Website : |
|
|
PAN No.: |
AAGFC1833M |
CAPITAL STRUCTURE
AS ON 27.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
152500 |
Equity Shares |
Rs.10/- each
|
Rs.1.525
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1.525 |
1.525 |
1.525 |
|
(b) Reserves & Surplus |
23.372 |
16.523 |
9.111 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
24.897 |
18.048 |
10.636 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.350 |
5.100 |
|
(b) Deferred tax liabilities (Net) |
0.157 |
0.162 |
0.158 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.157 |
0.512 |
5.258 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
14.405 |
4.063 |
4.301 |
|
(b)
Trade payables |
29.755 |
48.275 |
9.901 |
|
(c)
Other current liabilities |
2.448 |
2.895 |
3.088 |
|
(d) Short-term
provisions |
2.756 |
2.036 |
1.821 |
|
Total Current
Liabilities (4) |
49.364 |
57.269 |
19.111 |
|
|
|
|
|
|
TOTAL |
74.418 |
75.829 |
35.005 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
6.233 |
6.176 |
6.214 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3.500 |
3.500 |
2.500 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.332 |
0.359 |
0.142 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
10.065 |
10.035 |
8.856 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
21.569 |
22.057 |
7.393 |
|
(c)
Trade receivables |
21.868 |
21.418 |
14.470 |
|
(d) Cash
and cash equivalents |
10.096 |
11.640 |
1.455 |
|
(e) Short-term
loans and advances |
10.337 |
10.383 |
2.325 |
|
(f)
Other current assets |
0.483 |
0.296 |
0.506 |
|
Total
Current Assets |
64.353 |
65.794 |
26.149 |
|
|
|
|
|
|
TOTAL |
74.418 |
75.829 |
35.005 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
154.399 |
186.263 |
85.859 |
|
|
|
Other Income |
0.491 |
0.649 |
0.190 |
|
|
|
TOTAL (A) |
154.890 |
186.912 |
86.049 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of purchase of goods |
106.056 |
154.004 |
61.618 |
|
|
|
Changes in inventories of stock-in-trade |
0.488 |
(14.664) |
(1.801) |
|
|
|
Employee Benefits Expenses |
12.141 |
10.987 |
7.619 |
|
|
|
Other Expenses |
24.906 |
23.871 |
10.604 |
|
|
|
TOTAL (B) |
143.591 |
174.198 |
78.040 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
11.299 |
12.714 |
8.009 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.888 |
1.513 |
0.940 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
10.411 |
11.201 |
7.069 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.176 |
0.158 |
0.146 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
10.235 |
11.043 |
6.923 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.386 |
3.631 |
2.153 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
6.849 |
7.412 |
4.770 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
16.523 |
9.111 |
4.341 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
23.372 |
16.523 |
9.111 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Trading Goods |
77.040 |
143.980 |
43.212 |
|
|
TOTAL IMPORTS |
77.040 |
143.980 |
43.212 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
44.91 |
48.61 |
153.83 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
4.42
|
3.97 |
5.54 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.63
|
5.93 |
8.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.43
|
15.27 |
21.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.41
|
0.61 |
0.65 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.58
|
0.24 |
0.88 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.30
|
1.15 |
1.37 |
LOCAL AGENCY FURTHER INFORMATION
Details of Current Maturities of Long Term
Debt: Not Available
|
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 |
No |
|
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 |
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 |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10256179 |
13/08/2012 * |
20,000,000.00 |
UNION BANK OF
INDIA |
16, NANDURGA
SOCIETY, NIZAMPURA, VADODARA, GUJARAT - 390002, INDIA |
B56227333 |
|
2 |
80021438 |
28/03/2013 * |
25,000,000.00 |
UNION BANK OF
INDIA |
16, NANDURGA
SOCIETY, NIZAMPURA, VADODARA, GUJARAT - 390002, INDIA |
B73492688 |
* Date of charge modification
|
Unsecured Loans |
31.03.2013 (Rs. in Millions) |
31.03.2012 (Rs. in Millions) |
|
LONG TERM BORROWINGS |
|
|
|
Deposits |
|
|
|
- From Directors |
0.000 |
0.350 |
|
SHORT TERM BORROWINGS |
|
|
|
Deposits |
|
|
|
- From Directors |
0.200 |
0.000 |
|
Total |
0.200 |
0.350 |
NATURE OF BUSINESS ACTIVITY OF THE COMPANY:
The company has initiated its operation in the year 2003. The company is
having its registered office at 9, Cosmic Enclave, Opposite State Bank of
India, Sama, Vadodara. The company is in the business of trading of Pet Foods
and Pet Care Products which are of highly reliable ad international standard
quality.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2013 (Rs. in Millions) |
31.03.2012 (Rs. in Millions) |
|
Letter of Credit
Outstanding at the end of the year |
1.894 |
3.847 |
FIXED ASSETS:
·
Land
·
Office Equipments
·
Computer and Printers
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.61.90 |
|
|
1 |
Rs.102.74 |
|
Euro |
1 |
Rs.85.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
SMN |
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 |
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 |
|
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.