MIRA
INFORM REPORT
|
Report Date : |
30.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
I G INTERNATIONAL PRIVATE LIMITED |
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Registered
Office : |
H No. 1294, Sector 19B, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
03.02.2010 |
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Com. Reg. No.: |
53-032009 |
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Capital
Investment / Paid-up Capital : |
Rs 30.125 Millions |
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CIN No.: [Company Identification
No.] |
U15400CH2010PTC032009 |
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PAN No.: [Permanent Account No.] |
AACCI2508Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Exporter and Traders in Fresh and Frozen Fruit and Vegetables of every
kind. |
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|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 256000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The company has taken huge external borrowing, which acts as
threatening to the liquidity position of the company. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealings 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks over
coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would take
a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
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
31-03-2014.
INFORMATION DENIED BY
Management Non Co – Operative (91-11-66272000)
LOCATIONS
|
Registered Office : |
H No. 1294, Sector 19B, Chandigarh , Chandigarh – 160019, India |
|
Tel No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
As on: 27.09.2013
|
Name : |
Mr. Gianchand Ramchand Arora |
|
Designation : |
Director |
|
Address : |
Flat No. 203, 2nd Floor, NRI Complex, B – 26, Nerul, Navi
Mumbai, Maharashtra, India |
|
Date of Appointment : |
03.02.2010 |
|
PAN No.: |
ABGPA9809G |
|
DIN No.: |
01934634 |
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|
|
|
Name : |
Mr. Sanjay Gian Chand Arora |
|
Designation : |
Director |
|
Address : |
Flat No. 203, 2nd Floor, NRI Complex, B – 26, Nerul, Navi
Mumbai, Maharashtra, India |
|
Date of Appointment : |
03.02.2010 |
|
PAN No.: |
ABGPA9807J |
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DIN No.: |
02061347 |
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|
|
Name : |
Mr. Tarun Arora |
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Designation : |
Director |
|
Address : |
Flat No. 203, 2nd Floor, NRI Complex, B – 26, Nerul, Navi
Mumbai, Maharashtra, India |
|
Date of Birth/Age : |
02.05.1986 |
|
Date of Appointment : |
04.10.2011 |
|
DIN No.: |
03314408 |
KEY EXECUTIVES
|
Name : |
Mr. Amit |
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Designation : |
Accountant |
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Name : |
Mrs. Manisha |
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Designation : |
Receptionist |
MAJOR SHAREHOLDERS
As on: 31.03.2014
LIST OF ALLOTTEE: -
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Gianchand Ramchand Arora |
|
100136 |
|
Mr. Sanjay Gian Chand Arora |
|
85338 |
|
Mr. Tarun Arora |
|
146724 |
|
Ms. Nisha Arora |
|
11692 |
|
|
|
|
|
Total |
|
343890 |
As on: 27.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Mr. Gianchand Ramchand Arora |
301000 |
49.96 |
|
Mr. Sanjay Gian Chand Arora |
301000 |
49.96 |
|
Mr. Tarun Arora |
500 |
0.08 |
|
|
|
|
|
Total |
602500 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 27.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Exporter and Traders in Fresh and Frozen Fruit and Vegetables of every
kind. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
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Bankers : |
·
Yes Bank Limited, 9th Floor, Nehru Centre,
Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018,
Maharashtra, india ·
HDFC Bank Limited, HDFC Bank Housesenapati Bapat
Marg, Lower Parel W, Mumbai – 4000013, Maharashtra, India ·
Axis Bank Limited, Agri Business Centre, Office
No. 204/203, Stellar Enclave, Second Floor, Pune – 411007, Maharashtra, India |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
K. K. Bassi and Associates Chartered Accountants |
|
Address : |
410, Level 4, Centrum Plaza, Golf Course Road, Sector 53, Gurgaon, NCR
New Delhi, Pin – 122011, India |
|
Mobile No.: |
91-
9417027223 |
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E-Mail : |
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PAN No.: |
AFPPB9636P |
CAPITAL STRUCTURE
After: 27.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,200,000 |
Equity Shares |
Rs.50/- each |
Rs. 60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
946390 |
Equity Shares |
Rs.50/- each |
Rs. 47.320
Millions |
|
|
|
|
|
As on: 27.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,200,000 |
Equity Shares |
Rs.50/- each |
Rs. 60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
602,500 |
Equity Shares |
Rs.50/- each |
Rs. 30.125
Millions |
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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 |
30.125 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
33.427 |
0.000 |
0.000 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.656 |
35.150 |
8.617 |
|
Total Shareholders’ Funds (1) + (2) |
64.208 |
35.250 |
8.717 |
|
|
|
|
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|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
140.770 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
4.559 |
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) |
145.329 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
186.778 |
0.000 |
0.000 |
|
(b)
Trade payables |
120.463 |
0.000 |
0.000 |
|
(c)
Other current liabilities |
7.252 |
2.917 |
0.013 |
|
(d) Short-term
provisions |
8.777 |
0.031 |
0.000 |
|
Total Current
Liabilities (4) |
323.270 |
2.948 |
0.013 |
|
|
|
|
|
|
TOTAL |
532.807 |
38.198 |
8.730 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
112.462 |
20.573 |
2.226 |
|
(ii)
Intangible Assets |
0.117 |
0.130 |
0.130 |
|
(iii) Capital
work-in-progress |
24.033 |
14.629 |
6.329 |
|
(iv) Intangible assets under development |
0.603 |
0.603 |
0.041 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.313 |
1.260 |
0.000 |
|
(e) Other
Non-current assets |
|
|
|
|
Total Non-Current
Assets |
139.528 |
37.195 |
8.726 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
|
|
|
(b) Inventories |
170.739 |
0.000 |
0.000 |
|
(c)
Trade receivables |
90.768 |
0.000 |
0.000 |
|
(d) Cash
and cash equivalents |
29.468 |
0.909 |
0.004 |
|
(e)
Short-term loans and advances |
7.991 |
0.079 |
0.000 |
|
(f)
Other current assets |
94.313 |
0.015 |
0.000 |
|
Total
Current Assets |
393.279 |
1.003 |
0.004 |
|
|
|
|
|
|
TOTAL |
532.807 |
38.198 |
8.730 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
|
|
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
NA |
NA |
NA |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
27.321 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
Raw Materials |
1110.897 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
28.027 |
0.000 |
0.000 |
|
|
|
Earnings Per
Share (Rs.) |
26.67 |
0.000 |
0.000 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Debt Equity Ratio (Total Debt/Networth) |
|
5.10 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.22 |
0.34 |
0.31 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
5.101
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
0.100 |
0.100 |
30.125 |
|
Share Application money
pending allotment |
8.617 |
35.150 |
0.656 |
|
Reserves & Surplus |
0.000 |
0.000 |
33.427 |
|
Net
worth |
8.717 |
35.250 |
64.208 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
140.770 |
|
Short term borrowings |
0.000 |
0.000 |
186.778 |
|
Total
borrowings |
0.000 |
0.000 |
327.548 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
5.101 |
.
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last one years |
Yes |
|
12] |
Profitability for last one 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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED
LOAN
(Rs. In Millions)
|
Particular |
As on 31.03.2013 |
As on 31.03.2012 |
|
|
|
|
|
Long-term Borrowings |
|
|
|
Loans and advances from related parties |
133.375 |
0.000 |
|
|
|
|
|
Total |
133.375 |
0.000 |
INDEX OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10521084 |
12/09/2014 |
17,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
C21623889 |
|
2 |
10469445 |
22/03/2014 * |
63,000,000.00 |
YES BANK LIMITED |
YES BANK LIMITED, DR. ANNIE BESANT ROAD, WORLI,, MUMBAI,
MAHARASHTRA - 400018, INDIA |
C02204691 |
|
3 |
10384162 |
10/05/2013 * |
36,100,000.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR OPP SAMARTHESHWARTEMPE,LAW GARDEN ELLISBRIDGE, AHMEDABAD,
GUJARAT - 380006, INDIA |
B75524736 |
|
4 |
10384168 |
09/10/2012 |
6,750,000.00 |
AXIS BANK LTD |
AGRI BUSINESS CENTRE, OFFICE NO.204/203, STELLAR ENCLAVE, SECOND
FLOOR, PUNE, MAHARASHTRA - 411007, |
B61189346 |
|
5 |
10366219 |
19/04/2014 * |
210,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C04267845 |
FIXED ASSETS:-
·
Land
·
Buildings
·
Plant and equipment
·
Furniture and fixture
·
Vehicles
·
Office equipment
·
Computer equipment
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.61.42 |
|
|
1 |
Rs.99.72 |
|
Euro |
1 |
Rs.77.93 |
INFORMATION DETAILS
|
Information Gathered
by : |
DPA |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
2 |
|
--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 |
|
26 |
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.