MIRA INFORM REPORT
|
Report No. : |
317790 |
|
Report Date : |
11.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAHA MERCANTILE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
City Heights, 4th Floor, 40/C, Jessore Road South, Dak
Banglow More, Barasat -700124, West Bengal, Kolkata |
|
Tel No : |
91-33-25624613 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
03.01.2011 |
|
|
|
|
Com. Reg. No.: |
21-156615 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 4.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909WB2011PTC156615 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAPCS8268J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing, Packaging and Supplier of Edible Oil, Spices, Soya Chunk,
Flour, Tea, Papad, Ghee and Edible Iodised Salt. |
|
|
|
|
No. of Employees
: |
25 (Approximately) |
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 13000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of company’s moderate financial
risk profile marked by low profitability levels and huge external borrowing
taken by the company. Which acts as threatening to liquidity position of the
company. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing 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 – 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Avijit Saha |
|
Designation : |
Director |
|
Contact No.: |
91-9062462212 |
|
Date : |
27.04.2015 |
LOCATIONS
|
Registered Office : |
City Heights (4th Floor), 40/C, Jessore Road (South), Dakbanglow More,
Barasat, Kolkata– 700124, West Bengal,
India |
|
Tel. No.: |
91-33-25624613 |
|
Mobile No.: |
91-9062462212 (Mr. Avijit Saha) |
|
Fax No.: |
91-33-40639194 |
|
E-Mail : |
|
|
Area : |
6000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
21 KNC (R), Barsat, Kolkata - 700126, West Bengal, India
|
|
Area : |
10000 sq. ft. |
|
Location : |
Owned |
DIRECTORS
As on: 30.09.2014
|
Name : |
Ms. Sikha Saha |
|
Designation : |
Director |
|
Address : |
Dakshin Nabapally, 794, Krishnapur Road, P O Nabapally, Barasat
Kolkata- 700126, West Bengal, India |
|
Date of Birth/Age : |
28.03.1959 |
|
Date of Appointment : |
03.01.2011 |
|
PAN No.: |
ALGPS1414F |
|
DIN No.: |
03320585 |
|
|
|
|
Name : |
Mr. Avijit Saha |
|
Designation : |
Director |
|
Address : |
Dakshin Nabapally, 794, Krishnapur Road, P O Nabapally, Barasat
Kolkata- 700126, West Bengal, India |
|
Date of Birth/Age : |
01.05.1987 |
|
Date of Appointment : |
03.01.2011 |
|
PAN No.: |
BEGPS9559P |
|
DIN No.: |
03309747 |
|
|
|
|
Name : |
Mr. Swarup Kumar Saha |
|
Designation : |
Director |
|
Address : |
Dakshin Nabapally, 794, Krishnapur Road, P O Nabapally, Kolkata-
700126, West Bengal, India |
|
Date of Birth/Age : |
10.01.1959 |
|
Date of Appointment : |
03.01.2011 |
|
PAN No.: |
ALGPS1418K |
|
DIN No.: |
03320582 |
|
|
|
|
Name : |
Avishek Saha |
|
Designation : |
Director |
|
Address : |
North 24 Parganas, Barasat, Kolkata- 700126, West Bengal, India |
|
Date of Birth/Age : |
13.03.1991 |
|
Date of Appointment : |
15.05.2014 |
|
DIN No.: |
06866811 |
|
PAN No.: |
CJGPS6885E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age |
|
Swarup Kumar Saha |
409310 |
55.22 |
|
Sikha Saha |
197324 |
26.62 |
|
Avijit Saha |
134663 |
18.17 |
|
Total |
741297 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Packaging and Supplier of Edible Oil, Spices, Soya
Chunk, Flour, Tea, Papad, Ghee and Edible Iodised Salt. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
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|
|
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
|
|
|
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Imports : |
Not Available |
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Terms : |
|
|
Selling : |
Advance payment |
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Purchasing : |
Advance payment |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users
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No. of Employees : |
25 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Khettra Mohan Roy Chartered Accountant |
|
Address : |
96/ 1B, Garpar Road, West Bengal – 700009, Kolkata, India |
|
Tel. No.: |
91-33-23510207 |
|
Mobile No.: |
91-9433075693/9831488681 |
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E-Mail : |
|
|
PAN No.: |
AEQPR2540N |
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|
|
|
Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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|
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|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
After: 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1250000 |
Equity Shares |
Rs.10/- each |
Rs. 12.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000
Million |
|
|
|
|
|
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1250000 |
Equity Shares |
Rs.10/- each |
Rs. 12.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
741297 |
Equity Shares |
Rs.10/- each |
Rs. 7.413
Million |
|
|
|
|
|
As on: 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
Rs.10/- each |
Rs. 4.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
Rs.10/- each |
Rs. 4.000 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 |
4.000 |
1.800 |
1.800 |
|
(b) Reserves & Surplus |
0.715 |
0.310 |
0.120 |
|
(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) |
4.715 |
2.110 |
1.920 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
9.695 |
8.055 |
4.438 |
|
(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) |
9.695 |
8.055 |
4.438 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
2.120 |
4.320 |
0.000 |
|
(b) Trade
payables |
9.863 |
7.695 |
1.796 |
|
(c) Other
current liabilities |
0.066 |
0.000 |
0.052 |
|
(d) Short-term
provisions |
0.197 |
0.069 |
0.054 |
|
Total Current
Liabilities (4) |
12.246 |
12.084 |
1.902 |
|
|
|
|
|
|
TOTAL |
26.656 |
22.249 |
8.260 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1.599 |
1.865 |
2.046 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.007 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1.599 |
1.872 |
2.046 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
13.664 |
5.164 |
3.549 |
|
(c) Trade
receivables |
10.312 |
10.590 |
1.083 |
|
(d) Cash
and cash equivalents |
1.071 |
1.392 |
1.549 |
|
(e) Short-term
loans and advances |
0.000 |
3.201 |
0.033 |
|
(f) Other
current assets |
0.010 |
0.030 |
0.000 |
|
Total
Current Assets |
25.057 |
20.377 |
6.214 |
|
|
|
|
|
|
TOTAL |
26.656 |
22.249 |
8.260 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
TOTAL SALES |
143.858 |
84.735 |
70.457 |
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
143.218 |
84.484 |
70.283 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.640 |
0.251 |
0.174 |
|
|
|
|
|
|
|
Less |
TAX |
0.235 |
0.062 |
0.054 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.405 |
0.189 |
0.120 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.55 |
0.25 |
0.16 |
Expected Sales (2014-15) : Rs. 150.000 million
The above information has been parted by Mr. Avijit Saha (Director)
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.28 |
0.22 |
0.17 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
0.44 |
0.30 |
0.25 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.40 |
1.13 |
2.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.12 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.51 |
5.87 |
2.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.05 |
1.69 |
3.27 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
1.800 |
1.800 |
4.000 |
|
Reserves & Surplus |
0.120 |
0.310 |
0.715 |
|
Net
worth |
1.920 |
2.110 |
4.715 |
|
|
|
|
|
|
long-term borrowings |
4.438 |
8.056 |
9.695 |
|
Short term borrowings |
0.000 |
4.320 |
2.120 |
|
Total
borrowings |
4.438 |
12.376 |
11.815 |
|
Debt/Equity
ratio |
2.311 |
5.865 |
2.506 |
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 |
70.457 |
84.735 |
143.858 |
|
|
|
20.265 |
69.774 |
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 |
70.457 |
84.735 |
143.858 |
|
Profit |
0.120 |
0.189 |
0.405 |
|
|
0.17% |
0.22% |
0.28% |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
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 |
REVIEW OF
OPERATIONS:
The company is engaged in trading business of various spices products.
In the coming year, it is expected the performance will be better.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
SHORT TERM
BORROWING |
|
|
|
From Directors |
2.120 |
4.320 |
|
Total
|
2.120 |
4.320 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10405967 |
01/12/2014 * |
35,000,000.00 |
Allahabad Bank |
Hridaypur Branch, Barasat, Kolkata, West Bengal - |
C38280343 |
* Date of charge modification
FIXED ASSETS
- Furniture and Fixture
- Computer
- Air Conditioner
- Semi-Automatic Machine
- Packing Machine
- Weighing Machine
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.64.04 |
|
|
1 |
Rs.99.04 |
|
Euro |
1 |
Rs.71.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
YES |
|
--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
unfavorable 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.