MIRA INFORM REPORT

Report No. :	302523
Report Date :	11.02.2015

IDENTIFICATION DETAILS

Name :	OM INDIA TRADING COMPANY PRIVATE LIMITED (w.e.f.12.03.2010)
Formerly known as :	ASSAM GINNING AND INDUSTRIES PRIVATE LIMITED
Registered Office :	East Market, Karim Bazar, Karim Ganj – 788710, Assam
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	19.08.1975
Com. Reg. No.:	02-001628
Capital Investment / Paid-up Capital :	Rs.72.471 Millions
CIN No.: [Company Identification No.]	U01405AS1975PTC001628
TIN No.:	07970177885
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	SHLA004078
PAN No.:	AACCA7130Q
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of Cotton, Oil seeds, Pulses, Edible Oils, Industrial Oils, Grains, Bird Feed and Animal Fodder.
No. of Employees :	100 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

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

Maximum Credit Limit :	USD 92000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. Management of the company has failed to file its financial for the year 2014 with the government department. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct. The company can be considered 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 – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
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

Rating Agency Name	CARE
Rating	Long Term Rating
Rating Explanation	Have moderate degree of safety and carry moderate credit risk
Date	02.06.2014
Rating Agency Name	CARE
Rating	A3 (Short Term Bank Facilities)
Rating Explanation	Have moderate degree of safety and carry higher credit risk
Date	02.06.2014

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 PARTED DENIED BY DECLINED

Name :	Mr. Sandeep Bhura
Designation :	Director
Contact No.:	91-9810391181
Date :	07.01.2015
Name :	Mr. Ravi
Designation :	Manager
Contact No.:	91-11-4372021

LOCATIONS

Registered Office :	East Market, Karim Bazar, Karim Ganj – 788710, Assam, India
Tel. No.:	91-11-23720000
Mobile No.:	91-981039118 (Mr. Sandeep Bhura)
Fax No.:	91-11-23730173
E-Mail :	info@seeds.grains.com
Website :	http://www.sseds-grains.com
Location :	Owned
Corporate Office :	204, Rectangle – I, District Centre, Saket, New Delhi – 110017, India
Tel. No.:	91-11-43720000 (30 Lines)
Factory 2 :	Mumbai, Maharashtra, India
Area :	80000 Sq. Ft
Location :	Owned
Factory 3 :	Kolkata, West Bengal, India
Area :	200000 Sq. Ft
Location :	Owned
Factory 4 :
Area :	Rajasthan, India
Location :	20000 Sq. Ft
Branch Office :	1004, Nirmal Towers, Barakhamba Road, New Delhi – 110001, India

DIRECTORS

As on 30.09.2013

Name :

Mr. Sanjay Kumar Bhura

Designation :

Director

Address :

D – 35, Saket, New Delhi, Delhi – 110017

Date of Birth/Age :

02.09.1971

Date of Appointment :

28.02.2011

DIN No.:

00097782

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	U01405AS1975PTC001628	OM INDIA TRADING COMPANY PRIVATE LIMITED	Director	28/02/2001	28/02/2001	-	Active	NO
2	U15317DL2006PTC145990	AYAM FOODS PRIVATE LIMITED	Director	07/02/2006	07/02/2006	-	Active	NO
3	U70109DL2008PTC177231	AAA REALTORS PRIVATE LIMITED	Director	25/04/2008	25/04/2008	-	Active	NO

Name :

Mr.Sandeep Bhura

Designation :

Director

Address :

T – 23, 2^nd Floor, Green Park Main, New Delhi - 110017

Date of Birth/Age :

03.02.1980

Qualification :

Director

Date of Appointment :

28.02.2001

DIN No.:

01476968

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	U01405AS1975PTC001628	OM INDIA TRADING COMPANY PRIVATE LIMITED	Director	28/02/2001	28/02/2001	-	Active	NO
2	U15317DL2006PTC145990	AYAM FOODS PRIVATE LIMITED	Director	07/02/2006	07/02/2006	-	Active	NO
3	U70109DL2008PTC177231	AAA REALTORS PRIVATE LIMITED	Director	25/04/2008	25/04/2008	-	Active	NO
4	U91110WB1957NPL023474	SHELLAC AND FOREST PRODUCTS EXPORT PROMOTION COUNCIL	Additional director	28/09/2012	28/09/2012	27/09/2014	Active	NO

KEY EXECUTIVES

Name :	Mr.Agarwal Saurabh
Designation :	Secretary
Address :	R.V. ENT, Vidhyanchal, Shakti Nagar, Goolar Road, Aligarh, Uttar Pradesh – 202001
Date of Birth/Age :	30.06.1989
Date of Appointment :	17.08.2013
PAN No.:	AYNPA2849J

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

Names of Shareholders	No. of Shares
SH. Keshri Chand Bhura	86,120
SH. Nirmal Kumar Bhura	8,000
SH. Manik Chand Surana	51,000
SH. Banshi Lal Bothra	2,500
SH. Rajendra Kumar Bhura	90,850
SH. Sanjay Kumar Bhura	1,921,905
SH.Sandeep Kumar Bhura	1,449,850
SMT. Bimala Devi Bhura	118,850
SH. Peush Kumar Bhura	100
SH. Tolaram Anchalia	5,000
Sanjay Kumar Bhura and Sons	36,650
SH. Jai Chand Lal Bothra	5,000
SMT. Namita Bhura	335,000
K.C. Bhura and Sons	32,300
Namita Family Trust	1,490,000
Arushi Family Trust	1,614,000
Total	7,247,125

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	99.12
Other top fifty shareholders	0.88
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of Cotton, Oil seeds, Pulses, Edible Oils, Industrial Oils, Grains, Bird Feed and Animal Fodder.

Products :

Product Description	Item Code No. (ITC Code)
Seeds	12074010
Cotton	12072090

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Products :

· Cotton,

· Oil Seeds

· Industrial Oils

· Bird Feed

· Animal Fodder

Countries :

· USA

· Algeria

· Germany

· Japan

· China

Imports :

Not Available

Terms :

Not Divulged

Selling :

Cash/ L/C and Credit (30 days)

Purchasing :

Cash and Credit (30 days)

GENERAL INFORMATION

Suppliers :

Reference :	Flavour Full Food - China
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

Reference :	Olam International - Singapore
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

No. of Employees :

100 (Approximately)

Bankers :

· State Bank of India, Overseas Branch, Jawahar Vyapar Bhawan, 1, Tolstoy Marg, New Delhi - 110001, India

· HSBC Bank Limited

· Indian Bank

· Bank of Baroda

· United Bank of India

· ICICI Bank Limited

Facilities :

(Rs. In Millions)

SECURED LOAN	As on 31.03.2013	As on 31.03.2012
LONG TERM BORROWING
Term loan from Bank	148.321	0.000
SHORT TERM BORROWING
Working capital loan from Bank	566.879	593.881
Total	715.2	593.881

Auditors :
Name :	Narendra Nath and Company Chartered Accountant
Address :	405, Tower – A, Spazedge, Sector – 47, Sohna Road, Gurgoan, India
PAN No.:	AAFPN8965L
Subsidiary :	· Ayam Foods Private Limited CIN No : U15317DL2006PTC145990 · AAA Realtors Private Limited CIN No : U70109DL2008PTC177231

CAPITAL STRUCTURE

As on 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
8,000,000	Equity Shares	Rs.10/- each	Rs.80.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
7,247,125	Equity Shares	Rs.10/- each	Rs.72.471 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	72.471	72.471	72.471
(b) Reserves & Surplus	248.739	223.791	191.798
(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)	321.210	296.262	264.269
(3) Non-Current Liabilities
(a) long-term borrowings	148.321	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.003
(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)	148.321	0.000	0.003
(4) Current Liabilities
(a) Short term borrowings	566.879	593.881	534.721
(b) Trade payables	116.794	177.936	71.140
(c) Other current liabilities	35.968	24.820	31.024
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	719.641	796.637	636.885
TOTAL	1189.172	1092.899	901.157
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	210.892	73.730	55.173
(ii) Intangible Assets	0.198	0.330	0.550
(iii) Capital work-in-progress	162.245	55.422	0.267
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	15.660	15.660	15.410
(c) Deferred tax assets (net)	0.075	0.004	0.000
(d) Long-term Loan and Advances	6.316	5.728	2.339
(e) Other Non-current assets	0.030	0.068	0.107
Total Non-Current Assets	395.416	150.942	73.846
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	356.494	517.768	498.979
(c) Trade receivables	304.750	164.026	105.928
(d) Cash and cash equivalents	13.635	103.919	104.804
(e) Short-term loans and advances	11.896	19.486	15.856
(f) Other current assets	106.981	136.758	101.744
Total Current Assets	793.756	941.957	827.311
TOTAL	1189.172	1092.899	901.157

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	4502.579	6198.019	3400.869
		Other Income	5.421	29.066	-3.965
		TOTAL	4508.000	6227.085	3396.904
Less	EXPENSES
		TOTAL	4390.168	6084.368	3315.140
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		117.832	142.717	81.764
Less	FINANCIAL EXPENSES		79.629	94.339	52.409
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		38.203	48.378	29.355
Less/ Add	DEPRECIATION/ AMORTISATION		0.945	0.783	0.962
	PROFIT BEFORE TAX		37.258	47.595	28.393
Less	TAX		12.310	15.603	9.770
	PROFIT AFTER TAX		24.948	31.992	18.623
	BALANCE CARRIED TO THE B/S		24.948	31.992	18.623
	Earnings Per Share (Rs.)		3.44	4.41	2.57

Expected Sales (2013-2014): Rs.6500.000 Millions

The above information has been parted by Mr. Sandeep Bhura

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Net Profit Margin (PAT/Sales)	(%)	0.55	0.52	0.55
Operating Profit Margin (PBDIT / Sales)	(%)	2.62	2.30	2.40
Return on Total Assets (PBT/Total Assets}	(%)	3.68	4.66	3.21
Return on Investment (ROI) (PBT/Networth)		0.12	0.16	0.11
Debt Equity Ratio (Total Debt /Networth)		2.23	2.00	2.02
Current Ratio (Current Asset/Current Liability)		1.10	1.18	1.30

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	72.471	72.471	72.471
Reserves & Surplus	191.798	223.791	248.739
Net worth	264.269	296.262	321.210
long-term borrowings	0.000	0.000	148.321
Short term borrowings	534.721	593.881	566.879
Total borrowings	534.721	593.881	715.200
Debt/Equity ratio	2.023	2.005	2.227

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	3400.869	6198.019	4502.579
		82.248	-27.355

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	3400.869	6198.019	4502.579
Profit	18.623	31.992	24.948
	0.55%	0.52%	0.55%

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	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
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	Yes
17]	Major suppliers	Yes
18]	Major customers	Yes
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
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	No
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	Yes

INDEX OF CHARGES

.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10543136	15/12/2014	58,500,000.00	UNION BANK OF INDIA	UNION BANK OF INDIA, RANI TALAAB, JIND, Haryana -  126102, INDIA	C40501637
2	10530996	17/11/2014 *	245,000,000.00	Vijaya Bank	Vijaya Building, Overseas Branch, Ground Floor, 1  7 Barakhamba Road, New Delhi, Delhi - 110001, INDI  A	C36970945
3	10353931	16/04/2012	89,000,000.00	UNION BANK OF INDIA	JIND BRANCH, JAGAT BUILDING, RANI TALAB, DISTRICT  JIND, Haryana - 126102, INDIA	B39024526
4	10032564	09/06/2014 *	2,835,000,000.00	State Bank of India	OVERSEAS BRANCH, JAWAHAR VYAPAR BHAWAN, 1, TOLSTO  Y MARG, NEW DELHI, Delhi - 110001, INDIA	C09790056
5	90265086	25/03/2004	170,000,000.00	STATE BANK OF INDIA	OVERSEAS BRANCH, NEW DELHI, Delhi - 110001, INDIA	-
6	90266002	25/03/2004	170,000,000.00	STATE BANK OF INDIA	OVERSEAS BRANCH, NEW DELHI, Delhi - 110001, INDIA	-
7	90266672	28/12/2004 *	170,000,000.00	STATE BANK OF INDIA	OVERSEAS BRANCH; JAWAHAR VYAPAR BHAWAN, 1; TOLSTO  Y MARG, NEW DELHI, Delhi - 110001, INDIA	-
8	90265043	28/12/2004 *	222,000,000.00	STATE BANK OF INDIA	OVERSEAS BRANCH, JAWAHAR VYAPAR BHAWAN ;1; TOLST  OY MARG, NEW DELHI, Delhi - 110001, INDIA	-
9	90265180	28/12/2004 *	222,000,000.00	STATE BANK OF INDIA	OVERSEAS BRANCH; JAWAHAR VYAPAR BHAWAN, 1; TOLSTO  Y MARG, NEW DELHI, Delhi - 110001, INDIA	-

FIXED ASSETS

· Land

· Buildings

· Plant and equipment

· Furniture and fixtures

· 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, 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.61.96
UK Pound	1	Rs.70.20
Euro	1	Rs.94.41

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	SUB
Report Prepared by :	RNK

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	6
--PROFITABILITY	1~10	4
--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	Yes
--AFFILIATION	YES/NO	Yes
--LISTED	YES/NO	No
--OTHER MERIT FACTORS	YES/NO	Yes
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		46

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.