MIRA INFORM
REPORT
|
Report Date : |
24.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
SURFACES ( |
|
|
|
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Registered
Office : |
14A, Paper Box Estate, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
24.08.2007 |
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|
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Com. Reg. No.: |
11-173450 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.450 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U45309MH2007PTC173450 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS57246A |
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PAN No.: [Permanent Account No.] |
AALCE1717L |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Distributor and Importer of Pergo Flooring,
Wood Flooring and Carpet |
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|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 9000 |
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|
|
Status : |
Small company |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small company in its field. Its scale of activities are
limited. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for small business dealings at usual
trade terms and conditions. |
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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product
from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in
exports and moderation in gold imports. Manufacturing activity and new orders
in India showed their strongest growth in a year in February. The news comes as
a relief after data showed Asia’s third largest economy grew by a
slower-than-expected 4.7 % annually in the three months through December. The
HSBC Manufacturing Purchasing Managers’ Index which gauges the business
activity of India’s factories but not its’ utilities, rose to 52.5 in February,
its highest in a year from 51.4 in January. Overall new orders for factory
goods which rose to a one-year high of 54.9 contributed to the surge. China has
emerged as India’s biggest trading partner in the current financial year
replacing the United Arab Emirates and pushing it to the third spot.
India-China trade has reached $49.5 billion with a 8.7 % share in India’s total
trade. The US comes second at $46 billion with 8.1 % share during the first
nine months of the current financial year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs 1,000
denominations, pushing the deadline to January 1, 2015. A day before dates for
the Lok Sabha polls were
announced, the government decided to hike interest rates on fixed deposit
schemes offered by post offices up to 0.2 per cent. The new rates will be
effective April, 1. The Supreme Court will resume hearing on March, 11 Nokia’s
appeal against a ruling over transferring ownership of its local mobile phones
plant which is the subject of a tax dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into
Hindustan Aeronautics Limited’s contracts from
Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The Central Bureau
of Investigation will look into allegations that over $80 million was paid in
kickbacks in a deal signed in 2011. India has asked Boeing Co. to find a
solution for problems with state-owned Air India’s 787 Dreamliners.
The aircraft has experienced a series of malfunctions since its debut in 2011.
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 DECLINED BY
|
Name : |
Mr. Amit Jawarimal
Dugar |
|
Designation : |
Director |
|
Contact No.: |
91-9819192285 |
|
Date : |
21.03.2014 |
LOCATIONS
|
Registered Office : |
14A, Paper Box Estate, Mahakali Caves Road, Andheri (East), Mumbai – 400093, Maharashtra,
India |
|
Tel. No.: |
91-22-66959352/ 66959353/ 66910336 |
|
Mobile No.: |
91-9819192285 (Mr. Amit Jawarimal
Dugar) |
|
Fax No.: |
91-22-26871187 |
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E-Mail : |
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|
Website : |
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|
Area : |
2000 Sq. ft. |
|
Location : |
Owned |
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Warehouse : |
2 Warehouse Located at Bhiwandi |
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Area : |
2000 Sq. ft. and 1500 Sq. ft. |
|
Location : |
Rented |
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|
|
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Branch Office : |
Shop No 8, Guru Mauli Chs Limited, Opposite Versova Police Station and Barfiwala College, D N Nagar, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Tel. No.: |
91-22-26255833 |
|
Fax No.: |
91-22-65217997 |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Jawarimal Manekchand
Dugar |
|
Designation : |
Whole Time Director |
|
Address : |
B-905, Highland Park, Co-Operative Housing Society, 9th
Floor, Lokhandwala Complex, Andheri
(West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
11.08.1952 |
|
Date of Appointment : |
24.08.2007 |
|
DIN No.: |
01641161 |
|
|
|
|
Name : |
Mr. Amit Jawarimal
Dugar |
|
Designation : |
Whole Time Director |
|
Address : |
B-905, Highland Park, Co-Operative Housing Society, 9th Floor,
Lokhandwala Complex, Andheri
(West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
08.09.1980 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
24.08.2007 |
|
DIN No.: |
01641205 |
|
|
|
|
Name : |
Mr. Sumeet Jawarimal
Dugar |
|
Designation : |
Whole Time Director |
|
Address : |
B-905, Highland Park, Co-Operative Housing Society, 9th
Floor, Lokhandwala Complex, Andheri
(West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
21.09.1984 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
24.08.2007 |
|
DIN No.: |
01649888 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Jawarimal Manekchand Dugar |
15000 |
33.33 |
|
Amit Jawarimal Dugar |
15000 |
33.33 |
|
Sumeet Jawarimal Dugar |
15000 |
33.33 |
|
Total |
45000 |
100.00 |
%20FLOORING%20PRIVATE%20LIMITED%20-%20259459%2024-Mar-2014_files/image002.gif)
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor and Importer of Pergo Flooring,
Wood Flooring and Carpet |
|
|
|
|
Products : |
· Pergo Laminate Flooring Surfaces Solid Wood Flooring Surfaces Wall Panels / Ceilings Promix Wall
Panels/Ceilings Nox Vinyl Floor
Tile |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
· Future Living Art Private Limited Pergo India
Private Limited D.S. Flooring Asha Octroi Clearing Agency Raju Enterprises Shiv Shankar Enterprises |
||||||||||||
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|
||||||||||||
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Customers : |
· Alprintz Fortls Hospitals
Limited Space Interiors Srujan the
creations Yamuna Plywood
House Levi Strauss (India) Private Limited Dynamic Global K.N. Interiors Khosla Profil Private Limited Sal Consultants |
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No. of Employees : |
Not Divulged |
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Bankers : |
· The Saraswat Cooperative Bank Limited, SME Vile Parle Branch, Bholanath Co-operative Hsg Society, Subhash Road, Vile Parle (East), Mumbai - 400057, Maharashtra, India Bank of India HDFC Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Ranawat and Company Chartered Accountants |
|
Address : |
108, Sagar Shopping Centre, 76,
J.P. Road, Andheri (West), Mumbai - 400058, Maharashtra, India |
|
Tel. No. : |
91-22-26775965 / 26773676 |
|
Income-tax
PAN of auditor or auditor's firm : |
AADPR1231R |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
|
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|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45000 |
Equity Shares |
Rs.10/- each |
Rs.0.450
Million |
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|
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|
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 |
0.450 |
0.450 |
0.450 |
|
(b) Reserves & Surplus |
1.744 |
1.447 |
1.043 |
|
(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) |
2.194 |
1.897 |
1.493 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
7.083 |
3.891 |
0.863 |
|
(b) Trade payables |
3.466 |
2.146 |
2.975 |
|
(c) Other current
liabilities |
2.707 |
1.981 |
5.302 |
|
(d) Short-term provisions |
0.119 |
0.171 |
0.347 |
|
Total Current Liabilities (4) |
13.375 |
8.189 |
9.487 |
|
|
|
|
|
|
TOTAL |
15.569 |
10.086 |
10.980 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
0.408 |
0.492 |
0.551 |
|
(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 |
0.137 |
0.025 |
0.129 |
|
(c) Deferred tax assets (net) |
0.016 |
0.022 |
0.025 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.016 |
0.020 |
0.023 |
|
Total Non-Current Assets |
0.577 |
0.559 |
0.728 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
11.433 |
6.166 |
5.605 |
|
(c) Trade receivables |
1.597 |
1.744 |
2.156 |
|
(d) Cash and cash
equivalents |
0.264 |
0.304 |
0.407 |
|
(e) Short-term loans and
advances |
1.177 |
1.150 |
1.136 |
|
(f) Other current assets |
0.521 |
0.163 |
0.948 |
|
Total Current Assets |
14.992 |
9.527 |
10.252 |
|
|
|
|
|
|
TOTAL |
15.569 |
10.086 |
10.980 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
0.440 |
0.543 |
0.520 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
5.174 |
0.363 |
0.000 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.85 |
5.41 |
4.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.29 |
0.35 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.23 |
2.05 |
0.58 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12 |
1.16 |
1.08 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
0.450 |
0.450 |
0.450 |
|
Reserves & Surplus |
1.043 |
1.447 |
1.744 |
|
Net
worth |
1.493 |
1.897 |
2.194 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.863 |
3.891 |
7.083 |
|
Total
borrowings |
0.863 |
3.891 |
7.083 |
|
Debt/Equity
ratio |
0.578 |
2.051 |
3.228 |
%20FLOORING%20PRIVATE%20LIMITED%20-%20259459%2024-Mar-2014_files/image004.gif)
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 |
Yes |
|
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
No |
|
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 |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
10106668 |
09/01/2013 * |
10,000,000.00 |
THE SARASWAT COOPERATIVE BANK LIMITED |
SME VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOC, SUBHASH ROAD, VILE PARLE (EAST), MUMBAI - 400057, MAHARASHTRA, INDIA |
B67598409 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs. In Millions) |
31.03.2012 (Rs. In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans form
Directors |
|
|
|
Amit J. Dugar |
2.100 |
0.392 |
|
Jawarimal Dugar |
2.200 |
3.014 |
|
Sumeet J. Dugar |
2.783 |
0.476 |
|
Total |
7.083 |
3.882 |
FINANCIAL RESULTS
During the year, the company has earned income of Rs. 0.440 Million before taxation.
FIXED ASSETS
· Furniture and Fitting
Office
Equipment
Computer
Vehicle
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 t officials for engaging in prohibited
transactions or with designated parties.
3] Asset Declaration :
No 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.
OREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.05 |
|
|
1 |
Rs.100.81 |
|
Euro |
1 |
Rs.84.18 |
INFORMATION DETAILS
|
Information Gathered
by : |
HNA |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.