MIRA INFORM REPORT

Report No. :	320018
Report Date :	11.05.2015

IDENTIFICATION DETAILS

Name :	TOSHBRO CONTROLS PRIVATE LIMITED
Registered Office :	Gala No.8, Mohatta Bhavan, Off DR. E Moses Road, Apposite Tata Motors, Worli Mumbai – 400018, Maharashtra
Tel No :	91-731-4081305 / 2553248
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	31.12.2001
Com. Reg. No.:	11-134374
Capital Investment / Paid-up Capital :	Rs.6.500 Million
CIN No.: [Company Identification No.]	U33125MH2001PTC134374
IEC No.:	0301057168
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AABCT4441Q
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Supplier of Veterinary Digital ultrasound Scanner, Digital B Ultrasound, Protable, digital ultrasound, Color Doppler ultrasound, ultrasound Bone Densitometer, etc.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ca

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The company has incurred a huge accumulated loss which has eroded the Net Worth of the company. However, Business is active. Payment terms are slow. The company can be considered for business dealings on safe and secured 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	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 (GENERAL DETAILS)

Name :	Mrs. Nidhi
Designation :	Marketing Department
Contact No.:	91-731-4081305
Date :	29.04.2015

LOCATIONS

Registered Office / Factory :	Gala No.8, Mohatta Bhavan, Off DR. E Moses Road, Apposite Tata Motors, Worli Mumbai – 400018, Maharashtra, India
Tel. No.:	91-22-43552734
Mobile No.:	91-7738362238 (Mr. Amrish)
Fax No.:	91-22-24936166
Factory 2:	104-115, Electronics Complex, Pardeshipura, Indore – 452010, Madhya Pradesh, India
Tel No.:	91-731-4081305 / 2553248
Mobile No.:	91-8226011125
Fax No.:	91-731-2553249
E-Mail :	info@toshbrocontrols.com sadanis@vsnl.net
Branch 1:	14/B, Ratlam Kothi Kanchan Baug Road, Indore – 452001, India
Branch 2:	4104/4105, C-Wing, Oberoi Garden Estates, Chandivli Farm Road, Off Saki Vihar Road, Saki Naka, Mumbai – 400072, Maharashtra, India
Branch 3:	8 A, Wellington Estates, 24, Commander-In-Chief Road, Chennai – 600015, India
Branch 4:	Nichipur House, 6 Andul Raj Road, Kolkatta – 700026, India
Branch 5:	602, BCD Deepshika, 8, Rajendra Place, New Delhi – 110008, India

DIRECTORS

As on : 30.09.2015

Name :

Mr. Sundar Lal Sadani

Designation :

Director

Address :

202 Dilpasand, Reside, NCY Manorama Ganj, Indore – 452001, Madhya Pradesh, india

Date of Birth/Age :

17.07.1955

Date of Appointment :

31.12.2001

DIN No.:

00445648

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	U33112MP1998PTC013007	NIVO INSTRUMENTS PRIVATE LIMITED	Director	13/08/1998	13/08/1998	-	Active	NO
2	U33125MH2001PTC134374	TOSHBRO CONTROLS PRIVATE LIMITED	Director	31/12/2001	31/12/2001	-	Active	NO

Name :

Mr. Praveen Toshniwal

Designation :

Director

Address :

3 DR. Roshan Singh, Bhadari Marg, Indore – 452003, Madhya Pradesh, India

Date of Birth/Age :

14.08.1953

Date of Appointment :

31.12.2001

DIN No.:

00474878

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	U99999MH1980PTC022065	NIVO CONTROLS PRIVATE LIMITED	Director	01/01/1980	01/01/1980	-	Active	NO
2	U51507MH1981PTC023745	TOSHBRO PRIVATE LIMITED	Director	23/01/1981	23/01/1981	-	Active	NO
3	U33100MH1979PTC021402	CHEMITO TECHNOLOGIES PRIVATE LIMITED	Director	01/07/1983	01/07/1983	-	Active	NO
4	U65990MH1990PTC056806	NIVO HOLDINGS PRIVATE LIMITED	Director	11/06/1990	11/06/1990	-	Active	NO
5	U33112MP1998PTC013007	NIVO INSTRUMENTS PRIVATE LIMITED	Director	13/08/1998	13/08/1998	-	Active	NO
6	U33125MH2001PTC134374	TOSHBRO CONTROLS PRIVATE LIMITED	Managing director	31/12/2001	31/12/2001	-	Active	NO
7	U25199MH1983PTC030634	RATHI TRANSPOWER PRIVATE LIMITED	Director	04/01/2005	04/01/2005	-	Active	NO

Name :

Mr. Ramachndra Tamhane

Designation :

Director

Address :

101 Ajay, Appartment, 16 Hansraj Lane, Byculla, Mumbai – 400027, Maharashtra, India

Date of Birth/Age :

18.11.1953

Date of Appointment :

02.01.2002

DIN No.:

02608346

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	U33125MH2001PTC134374	TOSHBRO CONTROLS PRIVATE LIMITED	Director	02/01/2002	02/01/2002	-	Active	NO
2	U99999MH1980PTC022065	NIVO CONTROLS PRIVATE LIMITED	Director	09/07/2009	09/07/2009	-	Active	NO

Name :

Mr. Biplab Shah

Designation :

Director

Address :

F-525, Sarita Vihar, New Delhi – 110076, India

Date of Birth/Age :

02.06.1950

Date of Appointment :

22.07.2009

DIN No.:

02688266

KEY EXECUTIVES

Name :	Mrs. Nidhi
Designation :	Marketing Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on : 30.09.2014

Names of Shareholders	No. of Shares
Praveen Toshniwal	900
Madhulika Toshiwal	900
Kushargra Toshniwal	600
Varun Toshniwal	600
Praveen Toshniwal (HUF)	100
Nivo Holdings Private Limited, India	1900
Nivo Holdings Private Limited, India	60000
Total	65000

As on : 30.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	38.00
Directors or relatives of Directors	62.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Supplier of Veterinary Digital ultrasound Scanner, Digital B Ultrasound, Protable, digital ultrasound, Color Doppler ultrasound, ultrasound Bone Densitometer, etc.
Products :	Veterinary Digital ultrasound Scanner Digital B Ultrasound Protable Digital ultrasound Color Doppler ultrasound, Ultrasound Bone Densitometer
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :
Products :	Operating Microscope Ultrasonic Surgical Aspirator
Countries :	Indonesia UAE
Imports :
Products :	Raw Material
Countries :	Middle Land
Terms :
Selling :	Cash and Advance Payment
Purchasing :	Advance Payment

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
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 :	Not Divulged
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 :

Not Divulged

Bankers :

Banker Name	Bank of Baroda
Branch Address	Backbay Reclamation, Churchgate, Mumbai – 400020, Maharashtra, India
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 Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
SHORT TERM BORROWING
Term loan from Bank of Baroda	3.629	4.973
Total	3.629	4.973

Auditors :
Name :	V.K Karani and Company Chartered Accountant
Address :	7/20 and 29, Tardeo A.C. Market, Tardeo, Mumbai – 400034, Maharashtra, India
Tel. No.:	91-22-23514295 / 23514261
Fax No.:	91-22-23514297
PAN No.:	AABPK4964Q
Company over which the Director have significant influence or control :	Nivo Instruments Private Limited Nivo Holding Private Limited Nivo Controls Private Limited
Memberships :	Not Available
Collaborators :	Not Available
Sister Concern :	Nibo Control

CAPITAL STRUCTURE

As on : 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.100/- each	Rs.1.000 Million
60000	Preference shares	Rs.100/- each	Rs.6.000 Million
	Total		Rs.7.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
5000	Equity Shares	Rs.10/- each	Rs.0.500 Million
60000	Preference shares	Rs.100/- each	Rs.6.000 Million
	Total		Rs. 6.500 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	6.500	6.500	6.500
(b) Reserves & Surplus	(11.089)	(7.803)	(4.617)
(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)	(4.589)	(1.303)	1.883
(3) Non-Current Liabilities
(a) long-term borrowings	42.426	39.575	35.715
(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	0.646	0.627	0.627
Total Non-current Liabilities (3)	43.072	40.202	36.342
(4) Current Liabilities
(a) Short term borrowings	14.058	13.849	12.039
(b) Trade payables	4.308	8.819	12.531
(c) Other current liabilities	0.550	0.398	0.733
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	18.916	23.066	25.303
TOTAL	57.399	61.965	63.528
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	6.793	7.149	7.512
(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	0.000	0.000
(d) Long-term Loan and Advances	1.399	1.123	1.028
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	8.192	8.272	8.540
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	8.901	12.859	13.239
(c) Trade receivables	27.790	30.033	30.613
(d) Cash and cash equivalents	3.558	3.318	5.037
(e) Short-term loans and advances	0.374	0.255	0.354
(f) Other current assets	8.584	7.228	5.745
Total Current Assets	49.207	53.693	54.988

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	36.804	63.277	79.685
	Other Income	NA	NA	0.191
	TOTAL (A)	36.804	63.277	79.876
Less	EXPENSES
	Purchases of Stock-in-Trade	3.772	32.844	50.783
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	3.957	0.380	(2.898)
	Employees benefits expense	17.358	16.891	16.227
	Other expenses	10.314	11.067	10.829
	TOTAL (B)	35.401	61.182	74.941
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	1.403	2.095	4.935
Less	FINANCIAL EXPENSES (D)	4.235	4.780	4.328
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	(2.832)	(2.685)	0.607
Less/ Add	DEPRECIATION/ AMORTISATION (F)	0.454	0.501	0.456
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	(3.286)	(3.186)	0.151
Less	TAX (I)	NA	NA	NA
	PROFIT/ (LOSS) AFTER TAX (G-I) (J)	(3.286)	(3.186)	0.151
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	1.714	1.416	1.416
	TOTAL EARNINGS	1.714	1.416	1.416
	IMPORTS
	Raw Materials	3.260	10.452	1.452
	TOTAL IMPORTS	3.260	10.452	1.452
	Earnings / (Loss) Per Share (Rs.)	(657.26)	(637.16)	30.08

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	(8.93)	(5.04)	0.19
Operating Profit Margin (PBITD/Sales)	(%)	3.81	3.31	6.19
Return on Total Assets (PBT/Total Assets}	(%)	(5.72)	(5.14)	0.24
Return on Investment (ROI) (PBT/Networth)		0.72	2.45	0.08
Debt Equity Ratio (Total Debt /Networth)		(12.31)	(41.00)	25.36
Current Ratio (Current Asset/Current Liability)		2.60	2.33	2.17

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	6.500	6.500	6.500
Reserves & Surplus	(4.617)	(7.803)	(11.089)
Net worth	1.883	(1.303)	(4.589)
long-term borrowings	35.715	39.575	42.426
Short term borrowings	12.039	13.849	14.058
Total borrowings	47.754	53.424	56.484
Debt/Equity ratio	25.361	(41.001)	(12.309)

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)
Sales	79.876	63.277	36.804
		(20.781)	(41.837)

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	79.876	63.277	36.804
Profit	0.151	(3.186)	(3.286)
	0.19%	(5.04%)	(8.93%)

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	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	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	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Term loan from related parties	42.426	39.575
SHORT TERM BORROWING
Term loan from others	10.429	8.875
Total	52.855	48.450

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

FIXED ASSETS

• Building
• Testing Equipment
• Cooling Equipment
• Electric Equipment
• Computer
• Office Equipment
• Vehicles
• Furniture and Fixture

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.63.57
UK Pound	1	Rs.97.98
Euro	1	Rs.70.53

INFORMATION DETAILS

Information Gathered by :	SPR
Analysis Done by :	RSM
Report Prepared by :	ART

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILITY	1~10	1
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--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		13

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.