MIRA INFORM REPORT

 

 

Report No. :

347805

Report Date :

02.11.2015

 

IDENTIFICATION DETAILS

 

Name :

BAIJNATH TIMBER ENTERPRISES PRIVATE LIMITED

 

 

Registered Office :

Par Dankuni, Coal Complex, P. Odankuni Coal Complex, Dist. Hooghly – 712310, West Bengal

Tel. No.:

91-33-26591704/26591417

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

19.02.2004

 

 

Com. Reg. No.:

21-097971

 

 

Capital Investment / Paid-up Capital :

Rs. 10.826 Million

 

 

CIN No.:

[Company Identification No.]

U20299WB2004PTC097971

 

 

IEC No.:

0205004300

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

CALB08861G

 

 

PAN No.:

[Permanent Account No.]

AACCB4263B

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer, Trader and Importer of Timber logs and Sawn Timber.

 

 

No. of Employees :

22 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (29)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company incorporated in the year 2004 having moderate track.

 

The rating reflects moderate financial risk profile marked by low profit margin and huge borrowings recorded by the company.

 

Further, the rating also takes into consideration unfavorable gap between trade payables and trade receivables.

 

Their trade relations are reported as fair. Business is active. Payments terms 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 – 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

 

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 31-03-2015.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Sunil Agarwal

Designation :

Account Manager

Contact No.:

91-9831322250

Date :

31.10.2015

 

 

 

LOCATIONS

 

Registered Office/ Factory/ Warehouse :

Par Dankuni, Coal Complex, P. Odankuni Coal Complex, Dist. Hooghly – 712310, West Bengal, India

Tel. No.:

91-33-26591704/26591417

Mobile No.:

91-9831322250 (Mr. Sunil Agarwal)

Fax No.:

Not Available

E-Mail :

baijnathsunil@yahoo.co.in

Location :

Owned

Locality :

Commercial

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Bhanu Prakash Choubey

Designation :

Director

Address :

222/1-A, G. T. Road, Belurmath, Near Labli Kothi, Hooghly - 711202, West Bengal, India

Date of Birth/Age :

01.07.1965

Date of Appointment :

01.03.2004

DIN No.:

00830659

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

U20299WB2004PTC097971

BAIJNATH TIMBER ENTERPRISES PRIVATE LIMITED

Director

01/03/2004

01/03/2004

-

Active

NO

2

U74120WB2011PTC162368

BAIJNATH INTERNATIONAL TRADE PRIVATE LIMITED

Director

06/05/2011

06/05/2011

-

Active

NO

 

 

Name :

Sandhya Choubey

Designation :

Director

Address :

222/1-A,  G. T. Road, Belurmath, Near Labli Kothi, Hooghly - 711202, West Bengal, India

Date of Birth/Age :

04.07.1972

Date of Appointment :

01.03.2004

DIN No.:

02417831

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

U20299WB2004PTC097971

BAIJNATH TIMBER ENTERPRISES PRIVATE LIMITED

Director

01/03/2004

01/03/2004

-

Active

NO

2

U74120WB2011PTC162368

BAIJNATH INTERNATIONAL TRADE PRIVATE LIMITED

Director

06/05/2011

06/05/2011

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Sunil Agarwal

Designation :

Account Manager

 

 

MAJOR SHAREHOLDERS

 

AS ON 30.09.2014

 

Names of Shareholders

 

No. of Shares

Bhanu Prakash Choubey

 

10100

Sandhya Choubey

 

34500

Welkan Vinimay Private Limited, India

 

40000

Paramjit Singh

 

25000

Mantu Manna

 

20000

Daljit Singh Rehan

 

20000

Sushmita Bhatacharya

 

15000

Awtar Singh Rehan

 

15000

Cindey Engineering Private Limited, India

 

50000

Remahay Stores (p) Limited, India

 

10000

Amit Agrawal

 

5000

Subhash Poddar

 

5000

Mayukh Construction

 

10000

Scionara Finvest Private Limited, India

 

10000

Enfield Tracon Private Limited, India

 

10000

J.Mishra

 

30500

Ayush Tiwari

 

12500

Suman Divedi

 

15000

Raju Singh

 

5000

Sabita Basu

 

10000

Ramdeo Fashion Palace Private Limited, India

 

90000

Naman Impex Private Limited, India

 

245000

Rameshwar Finvest Private Limited, India

 

150000

Sri Ram Dealcom Private Limited, India

 

60000

Anupam Advisory Private Limited, India

 

95000

Aditya Financial & consultant Private Limited, India

 

30000

Tara Vinimay Private Limited, India

 

24000

Dipnarayan Vyapaar Private Limited, India

 

20000

Maha Laxmi Vinimay Private Limited, India

 

16000

 

 

 

Total

 

1082600

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 30.09.2014

 

Category

Percentage

Bodies corporate

78.51

Directors or relatives of Directors

4.12

Other top fifty shareholders

17.37

Total

100.00

 

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer, Trader and Importer of Timber logs and Sawn Timber.

 

 

Products :

Not Divulged

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

 

Products :

Timber

Countries :
  • Ghana
  • Ivory Coast

 

 

Terms :

 

Selling :

Cash, L/C and Credit

 

 

Purchasing :

Cash, L/C and Credit

 

 

GENERAL INFORMATION

 

Suppliers :

Not Divulged

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 :

Not Divulged

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 :

22 (Approximately)

 

 

Bankers :

Banker Name

Indian Overseas Bank

Branch Address

Stand Road, Kolkata, West Bengal, 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
  • ABN Amro Bank, 3rd Floor, Hansalaya Building, 15- Barakhamba Road, New Delhi - 110001, India
  • Indian Overseas Bankm, Free School Street Branch, 6, Royd Street, Kolkata - 700016, West Bengal, India

 

 

Facilities :

(Rs. In Million)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

SHORT TERM BORROWING

 

 

Loans payable on demand from bank

32.599

20.498

Letter of credit – foreign

10.525

19.764

Total

43.123

40.262

 

Auditors :

 

Name :

M Raghunath and Company

Chartered Accountants

Address :

6 Garstin Place, 1st Floor, Ashoka Chamber, Kolkata – 700001, West Bengal, India

Tel. No.:

91-33-22305574

Fax No.:

91-33-40056231

E-Mail:

info@mraghunathco.in

Website :

www.mraghunathco.in

PAN No.:

AAMFM2581J

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

--

 

 

 

 

 

 

CAPITAL STRUCTURE

 

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

 

 

 

 

1082600

Equity Shares

Rs.10/- each

Rs. 10.826 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

10.826

10.826

10.826

(b) Reserves & Surplus

18.380

15.271

12.567

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

15.500

15.500

Total Shareholders’ Funds (1) + (2)

29.206

41.597

38.893

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.957

(b) Deferred tax liabilities (Net)

0.000

0.501

0.000

(c) Other long term liabilities

0.000

0.000

22.500

(d) long-term provisions

0.000

31.759

0.000

Total Non-current Liabilities (3)

0.000

32.260

23.457

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

43.124

40.262

56.979

(b) Trade payables

158.459

164.886

94.757

(c) Other current liabilities

1.315

3.832

2.636

(d) Short-term provisions

1.391

1.452

1.283

Total Current Liabilities (4)

204.289

210.432

155.655

 

 

 

 

TOTAL

233.495

284.289

218.005

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

7.188

8.077

7.979

(ii) Intangible Assets

0.400

0.400

0.400

(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

0.331

0.331

0.505

(c) Deferred tax assets (net)

0.149

0.084

0.005

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

9.172

5.660

3.860

Total Non-Current Assets

17.240

14.552

12.749

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

143.921

189.999

148.954

(c) Trade receivables

54.509

65.760

38.406

(d) Cash and cash equivalents

14.851

9.092

11.612

(e) Short-term loans and advances

0.029

2.600

2.181

(f) Other current assets

2.945

2.286

4.103

Total Current Assets

216.255

269.737

205.256

 

 

 

 

TOTAL

233.495

284.289

218.005

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

 

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

485.558

481.630

444.659

 

Other Income

2.256

1.418

1.225

 

TOTAL INCOME

487.814

483.049

445.884

 

 

 

 

 

Less

EXPENSES

479.794

475.095

437.622

 

 

 

 

 

Less

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

8.020

7.954

8.262

 

 

 

 

 

Less

FINANCIAL EXPENSES                                   

2.479

2.680

3.255

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

5.541

5.274

5.007

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

0.788

1.290

1.036

 

 

 

 

 

 

PROFIT BEFORE TAX

4.753

3.984

3.971

 

 

 

 

 

Less

TAX                                                                 

3.427

1.374

1.249

 

 

 

 

 

 

PROFIT AFTER TAX

1.326

2.610

2.722

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

10.070

7.367

4.645

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

11.396

10.070

7.367

 

 

 

 

 

 

Earnings Per Share (Rs.)

1.23

2.41

2.51

 

 

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) operation

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

0.27

0.54

0.61

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

1.64

1.65

1.85

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

2.04

1.40

1.83

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.16

0.10

0.10

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.48

0.97

1.49

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.06

1.28

1.32

 

 

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

10.826

10.826

10.826

Reserves & Surplus

12.567

15.271

18.380

Share Application money pending allotment

15.500

15.500

0.000

Net worth

38.893

41.597

29.206

 

 

 

 

long-term borrowings

0.957

0.000

0.000

Short term borrowings

56.979

40.262

43.124

Current Maturities of Long Term Debt

0.000

0.000

0.000

Total borrowings

57.936

40.262

43.124

Debt/Equity ratio

1.490

0.968

1.477

 

 

 

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

444.659

481.630

485.558

 

 

8.314

0.816

 

 

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

444.659

481.630

485.558

Profit

2.722

2.610

1.326

 

0.61%

0.54%

0.27%

 

 

 

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

No

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)

No

16

No. of employees

No

17

Details of sister concerns

No

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

Yes

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

Yes

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

 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10151256

01/04/2009

3,335,000.00

ABN AMRO BANK N.V.

3rd Floor, Hansalaya Building, 15- Barakhamba Road, New Delhi, Delhi - 110001, INDIA

A59589044

2

90345685

30/04/2013 *

95,000,000.00

Indian Overseas Bank

FREE SCHOOL STREET BRANCH, 6, ROYD STREET, KOLKATA,

West Bengal - 700016,

INDIA

B80074164

 

* Date of charge modification

 

 

FIXED ASSETS

 

 

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 records 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. 65.22

UK Pound

1

Rs. 99.93

Euro

1

Rs. 65.22

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

JYO

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

4

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

3

--RESERVES

1~10

4

--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

 

29

 

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

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NB

                                       New Business

 

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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.