MIRA INFORM REPORT

Report No. :	355687
Report Date :	22.12.2015

IDENTIFICATION DETAILS

Name :	KMI BUSINESS TECHNOLOGIES PRIVATE LIMITED (w.e.f.04.08.2005)
Formerly Known As :	OMSIDDHI TRADING PRIVATE LIMITED
Registered Office :	1008, Dalamal House, JB Road, Nariman Point, Mumbai – 400021, Maharashtra
Tel. No.:	91-22-22023021
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	13.10.2003
Com. Reg. No.:	11-142648
Capital Investment / Paid-up Capital :	Rs. 0.500 Million
CIN No.: [Company Identification No.]	U51909MH2003PTC142648
IEC No.:	0305035991
TAN No.: [Tax Deduction & Collection Account No.]	MUMK15775E
PAN No.: [Permanent Account No.]	AAACO7146E
Legal Form :	Private Limited Liability Company
Line of Business :	Importer and Trader of Konica Minolta Copier, Printer, Print Controller Specification, Photo Copier, Colour Photocopier, Black Copier, etc. (Confirmed by Management)
No. of Employees :	100 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (48)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company incorporated in the year 2003 having satisfactory track record. Management of the company has not filed its financial with the government department for the year 2015. As per available financial of 2014, profit of the company has sharply declined. However, the rating takes into consideration strong networth base and decent liquidity position of the company. General financial position of the company is sound and healthy. Trade relations are reported as fair. Business is active. Payment terms are reported as usually correct and as per commitment. In view of long track record and sound financial base, the company can be considered normal for 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 – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
India	A1	A1

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

EXTERNAL AGENCY RATING

NOT AVAILABLE

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 31-03-2015.

INFORMATION PARTED BY (GENERAL DETAILS)

Name :	Mr. Jashwant
Designation :	Accountant
Contact No.:	91-22-22023021
Date :	21.12.2015

LOCATIONS

Registered/ Corporate Office :	1008, Dalamal House, JB Road, Nariman Point, Mumbai – 400021, Maharashtra, India
Tel. No.:	91-22-22023021
Fax No.:	91-22-22027069
E-Mail :	sales@kmi.co.in jaswant@kmi.co.in
Website :	http://www.kmi.co.in
Location :	Owned
Locality :	Commercial
Warehouse 1 :	No. 1 and 2, Building No. A-1, Prithvi Complex, Retibunder Road, Pipe Link, Kalhar Village, Bhiwandi, Thane – 421302, Maharashtra, India
Warehouse 2 :	Indo Industrial Estate, Gala No. 1, Ground Floor, Opposite Vora Industrial Estate, Navghar, Vasai (East), Thane – 401203, Maharashtra, India
Branch Office :	B-22, Patparganj Industrial Area, New Delhi – 110092, India
Other Branch Offices :	Located at: · Bangalore · Cochin · Chennai  · Delhi  · Lucknow  · Ahmedabad

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Manish Umed Doshi

Designation :

Director

Address :

1201/A, Chananbala Apartments, R.R. Thakker Road, Walkeshwar, Mumbai - 400006, Maharashtra, India

Date of Birth/Age :

07.10.1961

Date of Appointment :

17.08.2004

PAN No.:

AAEPD2835J

DIN No.:

00210389

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	U24231MH1982PTC224236	UMEDICA LABORATORIES PRIVATE LIMITED	Director	05-01-1982	05-01-1982	-	Active	NO
2	U67120MH1991PTC060393	TOLSTOY INVESTMENTS Private Limited	Director	19-03-1991	19-03-1991	-	Active	NO
3	U24231GJ1991PTC016288	AMOLI ORGANICS PRIVATE LIMITED	Director	15-10-1994	15-10-1994	-	Active	NO
4	U99999MH1958PTC011058	URANUS ELECTRO TECHNIK PRIVATE LIMITED	Director	10-07-1995	10-07-1995	-	Active	NO
5	U24239MH1981PTC024656	SWETA PHARMA PVT LTD	Director	12-08-1997	12-08-1997	-	Active	NO
6	U24117GJ1999PTC035456	SUJAG FINE CHEMICALS PRIVATE LIMITED	Director	19-02-1999	19-02-1999	-	Active	NO
7	U24239MH1989PTC051908	AGRIGUARD MANUFACTURING PRIVATE LIMITED	Director	27-12-1999	27-12-1999	-	Active	NO
8	U24231GJ1988PTC010742	BROMOFINE CHEM PRIVATE LIMITED	Director	26-12-2000	26-12-2000	06-03-2014	Active	NO
9	U72900MH2004PTC144104	AMOLI INFOTECH PRIVATE LIMITED	Director	20-01-2004	20-01-2004	-	Active	NO
10	U51909MH2003PTC142648	KMI BUSINESS TECHNOLOGIES PRIVATE LIMITED	Director	17-08-2004	17-08-2004	-	Active	NO
11	L45200PN1991PLC129428	KOLTE-PATIL DEVELOPERS LIMITED	Director	04-07-2007	26-12-2006	13-08-2014	Active	NO
12	U67110MH2009PTC191826	AMOLI INVESTMENT SERVICES PRIVATE LIMITED	Director	18-04-2009	18-04-2009	-	Active	NO
13	U70102MH2009PTC191879	AMOLI PROPERTIES PRIVATE LIMITED	Director	21-04-2009	21-04-2009	-	Active	NO
14	U70102MH2009PTC192006	UMEDICA PROPERTIES PRIVATE LIMITED	Director	24-04-2009	24-04-2009	-	Active	NO
15	U67100MH2009PTC192008	UMEDICA INVESTMENT SERVICES PRIVATE LIMITED	Director	24-04-2009	24-04-2009	-	Active	NO
16	U85199PN2005PTC020895	STEMONE BIOLOGICALS PRIVATE LIMITED	Director	26-06-2010	26-06-2010	-	Active	NO

Name :

Mr. Nilesh Chandrakant Shah

Designation :

Director

Address :

601, A-Wing, Simla House, Nepean Sea Road, Mumbai - 400036, Maharashtra, India

Date of Birth/Age :

29.08.1971

Date of Appointment :

01.04.2005

PAN No.:

AAGPS7073M

DIN No.:

01317694

Name :

Mr. Vikash Chandrakant Shah

Designation :

Director

Address :

601 A, Simla House, Napeansea Road, Mumbai - 400036, Maharashtra, India

Date of Birth/Age :

03.01.1966

Date of Appointment :

31.03.2005

PAN No.:

BGPPS1681F

DIN No.:

02419838

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	U51909MH2003PTC142648	KMI BUSINESS TECHNOLOGIES PRIVATE LIMITED	Director	31-03-2005	31-03-2005	-	Active	NO
2	U72900MH2004PTC144104	AMOLI INFOTECH PRIVATE LIMITED	Director	30-09-2015	27-03-2015	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Jashwant
Designation :	Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares
Manish Doshi	5000
Vikash Chandrakant Shah	20000
Sweta Shah	25000
Total	50000

AS ON 30.09.2014

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Importer and Trader of Konica Minolta Copier, Printer, Print Controller Specification, Photo Copier, Colour Photocopier, Black Copier, etc. (Confirmed by Management)
Brand Names :	--
Agencies Held :	--
Exports :	--
Imports :
Products :	Konica Minolta
Countries :	· Hong Kong · China · USA · Japan
Terms :
Selling :	Cheque
Purchasing :	Cheque

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Sevex Technologies Private Limited
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

Customers :

Retailers and End Users

Reference:	Konica Minolta Business Solutions India Private Limited
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

No. of Employees :

100 (Approximately)

Bankers :

· ICICI Bank Limited

· State Bank of India

· HDFC Bank Limited

Bank Name:	Not Divulged
Branch:	Not Divulged
Person Name (with Designation):	Not Divulged
Contact Number:	Not Divulged
Name of Account Holder:	Not Divulged
Account Number:	Not Divulged
Account Since (Date/ Year of A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

Facilities :

--

Banking Relations :	--
Auditors :
Name :	Chokshi and Company Chartered Accountants
Address :	103, Sharda Chambers, 1st Floor, 15, Sir V Thackersey Marg, New Marine Lines, Mumbai – 400020, Maharashtra, India
Income-tax PAN of auditor or auditor's firm :	AAHFC0035E
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
50,000	Equity Shares	Rs. 10/- each	Rs. 0.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
50,000	Equity Shares	Rs. 10/- each	Rs. 0.500 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.500	0.500	0.500
(b) Reserves & Surplus	115.906	108.817	79.989
(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)	116.406	109.317	80.489
(3) Non-Current Liabilities
(a) Long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	1.499	1.436	1.577
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	3.726	3.665	1.225
Total Non-current Liabilities (3)	5.225	5.101	2.802
(4) Current Liabilities
(a) Short term borrowings	9.131	0.585	0.109
(b) Trade payables	83.599	126.791	119.128
(c) Other current liabilities	16.177	13.991	13.729
(d) Short-term provisions	9.385	14.853	13.274
Total Current Liabilities (4)	118.292	156.220	146.240
TOTAL	239.923	270.638	229.531
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	14.017	15.545	15.031
(ii) Intangible Assets	1.270	1.444	1.643
(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	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	20.998	10.681	15.948
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	36.285	27.670	32.622
(2) Current assets
(a) Current investments	0.017	8.937	13.117
(b) Inventories	106.501	98.850	98.331
(c) Trade receivables	83.493	105.812	76.892
(d) Cash and cash equivalents	13.147	28.893	8.094
(e) Short-term loans and advances	0.000	0.000	0.000
(f) Other current assets	0.480	0.476	0.475
Total Current Assets	203.638	242.968	196.909
TOTAL	239.923	270.638	229.531

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Revenue from Operations	516.909	502.933
		Other Income	8.955	2.713
		TOTAL (A)	525.864	505.646	400.497
Less	EXPENSES
		Cost of Goods sold	393.529	383.589
		Employees benefits expense	37.987	34.370
		Other expenses	47.287	42.603
		Exceptional Items (Assets and Stock Loss by fire)	33.902	0.000
		TOTAL (B)	512.705	460.562	370.254
	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		13.159	45.084	30.243
Less	FINANCIAL EXPENSES (D)		0.000	0.000	0.079
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		13.159	45.084	30.164
Less/ Add	DEPRECIATION/ AMORTISATION (F)		2.508	2.897	2.739
	PROFIT BEFORE TAX (E-F) (G)		10.651	42.187	27.425
Less	TAX (H)		3.562	13.359	12.601
	PROFIT AFTER TAX (G-H) (I)		7.089	28.828	14.824
	IMPORTS
		Purchases (Direct Import)	17.163	23.014	NA
	Earnings Per Share (Rs.)		141.78	576.55	296.48

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

PARTICULARS	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA
Net Cash flow from (used in) Operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	1.37	5.73	NA
Operating Profit Margin (PBDIT/Sales)	(%)	2.55	8.96	NA
Return on Total Assets (PBT/Total Assets}	(%)	4.44	15.59	11.95
Return on Investment (ROI) (PBT/Networth)		0.09	0.39	0.34
Debt Equity Ratio (Total Liability/Networth)		0.08	0.01	0.00
Current Ratio (Current Asset/Current Liability)		1.72	1.56	1.35

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particulars	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	0.500	0.500	0.500
Reserves & Surplus	79.989	108.817	115.906
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	80.489	109.317	116.406
Long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.109	0.585	9.131
Total borrowings	0.109	0.585	9.131
Debt/Equity ratio	0.001	0.005	0.078

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Total Income	400.497	505.646	525.864
		26.255	3.998

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Total Income	400.497	505.646	525.864
Profit	14.824	28.828	7.089
	3.70%	5.70%	1.35%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	Yes
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	Yes
16	No. of employees	Yes
17	Details of sister concerns	No
18	Major suppliers	Yes
19	Major customers	Yes
20	Banking Details	Yes
21	Banking facility details	No
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	No
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

UNSECURED LOANS

PARTICULARS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
SHORT TERM BORROWINGS
Loans from Others
From Directors	9.131	0.585
Total	9.131	0.585

CHANGE OF ADDRESS:

The Registered Office of the Company has been shifted from 407 Dalamal E House, JB Road, Nariman Point, Mumbai - 400021, Maharashtra, India to the present address w.e.f.01.12.2005

FIXED ASSETS:

· Office Premises

· Computer

· Furniture and Fixtures

· Office Equipment

· Vehicles

· Air Conditioner

· Fork Lift

· Television

· Software

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. 66.32
UK Pound	1	Rs. 98.99
Euro	1	Rs. 72.13

INFORMATION DETAILS

Information Gathered by :	GYT
Analysis Done by :	DIV
Report Prepared by :	BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
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	7
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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		48

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.