BMIRA INFORM REPORT

Report No. :	506261
Report Date :	27.04.2018

IDENTIFICATION DETAILS

Name :	SIGNET TRADING LIMITED
Formerly Known As :	SIGNET UK TRADING LIMITED
Registered Office :	Imperial Place 3 Maxwell Road, Borehamwood, Hertfordshire, Wd6 1jn
Country :	United Kingdom
Financials (as on) :	28.01.2017
Date of Incorporation :	12.05.1999
Com. Reg. No.:	03768979
Legal Form :	Private limited with Share Capital
Line of Business :	· Other business support service activities n.e.c. · A group engaged on retailing of jewellry, watches and associated services in the United Kingdom and republic of Ireland.
No. of Employees :	3389

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Satisfactory
Payment Behaviour :	Slow but Correct
Litigation :	Clear

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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
United Kingdom	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

UNITED KINGDOM - ECONOMIC OVERVIEW

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining; the UK has been a net importer of energy since 2005. Services, particularly banking, insurance, and business services, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output.

In 2008, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Falling home prices, high consumer debt, and the global economic slowdown compounded the UK’s economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets. Facing burgeoning public deficits and debt levels, in 2010 the then CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which has continued under the Conservative government. However, the deficit still remains one of the highest in the G7, standing at 3.6% of GDP as of 2017, and the UK has pledged to lower its corporation tax from 20% to 17% by 2020. The UK had a debt burden of 90.4% GDP at the end of 2017.

The UK’s economy has begun to slow since the referendum vote to leave the EU in June 2016. A sustained depreciation of the British pound has increased consumer and producer prices, weighing on consumer spending without spurring a meaningful increase in exports. The UK has an extensive trade relationship with other EU members through its single market membership and economic observers have warned the exit will jeopardize its position as the central location for European financial services. Prime Minister MAY is seeking a new “deep and special” trade relationship with the EU following the UK’s exit. However, economists doubt that the UK will be able to preserve the benefits of EU membership without the obligations.

Source : CIA

COMPANY NAME AND ADDRESS

Company Name: SIGNET TRADING LIMITED

Company No: 03768979

Company Status: Active - Accounts Filed

Registered Address: IMPERIAL PLACE 3 MAXWELL ROADBOREHAMWOODHERTFORDSHIREWD6 1JN

Company Name

SIGNET TRADING LIMITED

Company Number

03768979

Company Summary

Registered Address IMPERIAL PLACE 3 MAXWELL ROAD
BOREHAMWOOD
HERTFORDSHIRE
WD6 1JN

Trading Address Unit 3
Imperial Place
Maxwell Road
Borehamwood, Hertfordshire
WD6 1JN

Website Address http://www.hsamuel.co.uk

Telephone Number 01216977400

Fax Number

TPS No

FPS Yes

Incorporation Date 12/05/1999

Previous Name SIGNET UK TRADING LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 29/07/1999

Filing Date of Accounts23/09/2017

Currency GBP

Share Capital £162,067,896

SIC07 82990

Charity Number -

SIC07 Description OTHER BUSINESS SUPPORT SERVICE ACTIVITIES N.E.C.

Principal Activity A group engaged on retailing of jewellry, watches and associated services in the united kingdom and republic of ireland.

Additional Information

CCJ's 2 (£915)

17/01/2018 COUNTY COURT BUSINESS CENTRE £515 Judgment

22/09/2015 COUNTY COURT MONEY CLAIMS CENTRE £400 Judgment

- - - -

Ultimate Holding Company SIGNET JEWELERS LTD

Accountant -

Mortgages 0

Trade Debtors -

Group 33 companies

Linkages 8 companies

Countries In 3 countries

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder's Funds Employees

28/01/2017 £489,366,000 £31,096,000 £277,021,000 3389

30/01/2016 £485,350,000 £34,910,000 £327,127,000 3371

31/01/2015 £458,132,000 £26,810,000 £305,114,000 3293

Mortgage Summary

Total Mortgage 0

Outstanding 0

Satisfied 0

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 1

Total Value of Documented Trade £6,900

Commentary

This company has had a CCJ registered against them within the last 12 months which is currently still outstanding.

This company's return on total assets employed ratio indicates a highly efficient use of assets.

This company has made late payments on a medium percentage of invoices.

This company's ratio of total liabilities to total assets indicates the presence of moderate equity funding.

The company has more cash than short term bank borrowings.

CCJ

Total Number of Exact CCJs -	2	Total Value of Exact CCJs -	£915
Total Number of Possible CCJs -	0	Total Value of Possible CCJs -
Total Number of Satisfied CCJs -	0	Total Value of Satisfied CCJs -
Total Number of Writs -	-

Total Current Directors	2	Total Current Secretaries	1
Total Previous Directors / Company Secretaries	7	Total Person's With Significant Control	1

Current Directors

Title	Mr	Function	Director
Name	Mark Andrew Jenkins	Nationality	British
Date of Birth	11/1957	Present Appointments	59
Latest Address	Imperial Place 3 Maxwell Road, Borehamwood, Hertfordshire	Appointment Date	25/06/2007
Post Code	WD6 1JN
Title	Mr	Function	Director
Name	Shaun David Carney	Nationality	British
Date of Birth	10/1966	Present Appointments	6
Latest Address	Imperial Place 3 Maxwell Road, Borehamwood, Hertfordshire	Appointment Date	01/02/2014
Post Code	WD6 1JN

Current Company Secretary

Title	Mr	Function	Company Secretary
Name	Mark Andrew Jenkins	Nationality	British
Date of Birth	11/1957	Present Appointments	79
Latest Address	Imperial Place 3 Maxwell Road, Borehamwood, Hertfordshire	Appointment Date	01/03/2004
Post Code	WD6 1JN

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
SIGNET HOLDINGS LTD	GBP	162,067,896	ORDINARY	1	100

FINANCIALS

Profit & Loss

	Date Of Accounts	28/01/17	(%)	30/01/16	(%)	31/01/15	(%)	01/02/14	(%)	02/02/13
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	53
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	Y	(%)	Y	(%)	Y	(%)	Y	(%)	Y
	Turnover	£489,366,000	0.8%	£485,350,000	5.9%	£458,132,000	5.7%	£433,435,000	-2.9%	£446,216,000
	Export	-	-	-	-	-	-	-	-	-
	Cost of Sales	£422,174,000	2.6%	£411,655,000	4.7%	£393,341,000	4.7%	£375,850,000	-2.8%	£386,699,000
	Gross Profit	£67,192,000	-8.8%	£73,695,000	13.7%	£64,791,000	12.5%	£57,585,000	-3.2%	£59,517,000
	Wages & Salaries	£88,411,000	-3.4%	£91,570,000	3.7%	£88,329,000	1.1%	£87,329,000	-3.2%	£90,248,000
	Directors Emoluments	£584,000	21.9%	£479,000	-2.6%	£492,000	-20.6%	£620,000	-19.9%	£774,000
	Operating Profit	£29,166,000	-15.2%	£34,379,000	32.5%	£25,955,000	30.1%	£19,946,000	-2.4%	£20,446,000
	Depreciation	£18,284,000	19.7%	£15,273,000	15.8%	£13,193,000	-2.7%	£13,561,000	-8.7%	£14,853,000
	Audit Fees	£270,000	-	£270,000	4.2%	£259,000	25.7%	£206,000	-10.4%	£230,000
	Interest Payments	£7,431,000	41.1%	£5,268,000	-21%	£6,669,000	-9.2%	£7,347,000	-12.7%	£8,420,000
	Pre Tax Profit	£31,096,000	-10.9%	£34,910,000	30.2%	£26,810,000	36.1%	£19,694,000	2.4%	£19,225,000
	Taxation	-£6,772,000	-11.8%	-£6,056,000	-11.6%	-£5,426,000	-13.9%	-£4,763,000	-28.6%	-£3,703,000
	Profit After Tax	£24,324,000	-15.7%	£28,854,000	34.9%	£21,384,000	43.2%	£14,931,000	-3.8%	£15,522,000
	Dividends Payable	£65,000,000	282.4%	£17,000,000	-	-	-	-	-	-
	Retained Profit	-£40,676,000	-443.1%	£11,854,000	-44.6%	£21,384,000	43.2%	£14,931,000	-3.8%	£15,522,000

Balance Sheet

	Date Of Accounts	28/01/17	(%)	30/01/16	(%)	31/01/15	(%)	01/02/14	(%)	02/02/13
	Tangible Assets	£79,194,000	-8.8%	£86,843,000	24.2%	£69,945,000	16.7%	£59,946,000	-5.5%	£63,459,000
	Intangible Assets	£35,315,000	-5.4%	£37,330,000	-8.1%	£40,623,000	17.5%	£34,569,000	-5.2%	£36,474,000
	Total Fixed Assets	£114,509,000	-7.8%	£124,173,000	12.3%	£110,568,000	17%	£94,515,000	-5.4%	£99,933,000
	Stock	£174,621,000	2.5%	£170,356,000	2%	£167,067,000	-2.9%	£172,100,000	3%	£167,137,000
	Trade Debtors	£8,725,000	-9%	£9,587,000	9.5%	£8,753,000	14.8%	£7,622,000	-3.6%	£7,910,000
	Cash	£7,416,000	-49.6%	£14,703,000	110.8%	£6,975,000	-30.7%	£10,065,000	-29.1%	£14,200,000
	Other Debtors	£131,756,000	-23%	£171,094,000	15.2%	£148,493,000	18.7%	£125,076,000	14.4%	£109,290,000
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£322,518,000	-11.8%	£365,740,000	10.4%	£331,288,000	5.2%	£314,863,000	5.5%	£298,537,000
	Trade Creditors	£25,270,000	3.8%	£24,354,000	12.9%	£21,565,000	42.2%	£15,162,000	70.3%	£8,904,000
	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
	Other Short Term Finance	£73,196,000	6.7%	£68,628,000	35.7%	£50,588,000	-11%	£56,867,000	-7.2%	£61,312,000
	Miscellaneous Current Liabilities	£57,699,000	-10.2%	£64,283,000	6.2%	£60,530,000	-2.1%	£61,842,000	0.2%	£61,691,000
	Total Current Liabilities	£156,165,000	-0.7%	£157,265,000	18.5%	£132,683,000	-0.9%	£133,871,000	1.5%	£131,907,000
	Bank Loans & Overdrafts and LTL	£3,841,000	-30.4%	£5,521,000	36%	£4,059,000	155.3%	£1,590,000	-12.3%	£1,812,000
	Other Long Term Finance	0	-	0	-	0	-	0	-	0
	Total Long Term Liabilities	£3,841,000	-30.4%	£5,521,000	36%	£4,059,000	155.3%	£1,590,000	-12.3%	£1,812,000

.

Capital & Reserves

	Date Of Accounts	28/01/17	(%)	30/01/16	(%)	31/01/15	(%)	01/02/14	(%)	02/02/13
	Called Up Share Capital	£162,068,000	-	£162,068,000	-	£162,068,000	-	£162,068,000	-	£162,068,000
	P & L Account Reserve	£102,893,000	-33.1%	£153,797,000	16.3%	£132,201,000	29.3%	£102,253,000	12.4%	£90,990,000
	Revaluation Reserve	£2,917,000	-1.2%	£2,952,000	-1.2%	£2,987,000	-1%	£3,017,000	-1%	£3,047,000
	Sundry Reserves	£9,143,000	10%	£8,310,000	5.8%	£7,858,000	19.4%	£6,579,000	-23.9%	£8,646,000
	Shareholder Funds	£277,021,000	-15.3%	£327,127,000	7.2%	£305,114,000	11.4%	£273,917,000	3.5%	£264,751,000

Other Financial Items

	Date Of Accounts	28/01/17	(%)	30/01/16	(%)	31/01/15	(%)	01/02/14	(%)	02/02/13
	Net Worth	£241,706,000	-16.6%	£289,797,000	9.6%	£264,491,000	10.5%	£239,348,000	4.8%	£228,277,000
	Working Capital	£166,353,000	-20.2%	£208,475,000	5%	£198,605,000	9.7%	£180,992,000	8.6%	£166,630,000
	Total Assets	£437,027,000	-10.8%	£489,913,000	10.9%	£441,856,000	7.9%	£409,378,000	2.7%	£398,470,000
	Total Liabilities	£160,006,000	-1.7%	£162,786,000	19%	£136,742,000	0.9%	£135,461,000	1.3%	£133,719,000
	Net Assets	£277,021,000	-15.3%	£327,127,000	7.2%	£305,114,000	11.4%	£273,917,000	3.5%	£264,751,000

Cash Flow

	Date Of Accounts	28/01/17	(%)	30/01/16	(%)	31/01/15	(%)	01/02/14	(%)	02/02/13
	Net Cashflow from Operations	£82,149,000	74.2%	£47,147,000	399.7%	£9,435,000	-	-	-	-
	Net Cashflow before Financing	-£7,287,000	-194.3%	£7,728,000	350.1%	-£3,090,000	-	-	-	-
	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
	Increase in Cash	-£7,287,000	-194.3%	£7,728,000	350.1%	-£3,090,000	-	-	-	-

Miscellaneous

	Date Of Accounts	28/01/17	(%)	30/01/16	(%)	31/01/15	(%)	01/02/14	(%)	02/02/13
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	£280,862,000	-15.6%	£332,648,000	7.6%	£309,173,000	12.2%	£275,507,000	3.4%	£266,563,000
	Number of Employees	3389	0.5%	3371	2.4%	3293	6.1%	3104	-1.6%	3156
	Accountants
	Auditors	KPMG LLP
	Auditor Comments	The audit report contains no adverse comments
	Bankers	BARCLAYS BANK PLC
	Bank Branch Code

Ratios

	Date Of Accounts	28/01/17	30/01/16	31/01/15	01/02/14	02/02/13
	Pre-tax profit margin %	6.35	7.19	5.85	4.54	4.31
	Current ratio	2.07	2.33	2.50	2.35	2.26
	Sales/Net Working Capital	2.94	2.33	2.31	2.39	2.68
	Gearing %	1.40	1.70	1.30	0.60	0.70
	Equity in %	69	72.30	76	73.10	73.10
	Creditor Days	18.79	18.26	17.13	12.73	7.40
	Debtor Days	6.48	7.19	6.95	6.40	6.57
	Liquidity/Acid Test	0.94	1.24	1.23	1.06	0.99
	Return On Capital Employed %	11.07	10.49	8.67	7.14	7.21
	Return On Total Assets Employed %	7.11	7.12	6.06	4.81	4.82
	Current Debt Ratio	0.56	0.48	0.43	0.48	0.49
	Total Debt Ratio	0.57	0.49	0.44	0.49	0.50
	Stock Turnover Ratio %	35.68	35.09	36.46	39.70	37.45
	Return on Net Assets Employed %	11.22	10.67	8.78	7.18	7.26

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
03/10/2017	Payment Data Update Received
03/10/2017	New Accounts Filed
03/10/2017	New Accounts Filed
18/09/2017	Confirmation Statement
26/10/2016	New Accounts Filed
26/10/2016	New Accounts Filed
18/09/2016	Annual Returns
05/07/2016	Change in Reg.Office
05/07/2016	Change of Company Postcode
10/05/2016	Payment Data Update Received
15/04/2016	Payment Data Update Received
05/04/2016	Payment Data Update Received
29/10/2015	New Accounts Filed
29/10/2015	New Accounts Filed
20/10/2015	Payment Data Update Received

Previous Company Names

Date	Previous Name
29/07/1999	SIGNET UK TRADING LIMITED
17/06/1999	SIGNET UK JEWELLERY LIMITED

Writ Details

No writs found

Statistics

Group	33 companies
Linkages	8 companies
Countries	In 3 countries

Summary

Holding Company	SIGNET HOLDINGS LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	SIGNET JEWELERS LTD

Group Structure

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
SIGNET JEWELERS LTD	N/A	-	-
SIGNET HOLDINGS LIMITED	03769622	28.01.2017	N
LESLIE DAVIS LIMITED	03769521	28.01.2017	N
SIGNET DIRECT DIAMON...	07601223	28.01.2017	N
SDDS (BELGIUM) LIM...	05860219	28.01.2017	N
RATNERS PROPERTY DEV...	02238892	28.01.2017	N
SIGNET GROUP SERVICE...	03769623	28.01.2017	N	£3,143,000
SIGNET TRADING LIMITED	03768979	28.01.2017	Y	£489,366,000
CHECKBURY LIMITED	01131608	28.01.2017	N
ERNEST JONES LIMITED	03768966	28.01.2017	N
H SAMUEL LIMITED	00146570	28.01.2017	N
SIGNET UK DORMANTS L...	03768981	28.01.2017	N
EJ LIMITED	00512687	28.01.2017	N
STEPHEN'S JEWELLER...	00629737	28.01.2017	N
TERRY'S (JEWELLERS...	01361155	28.01.2017	N
SIGNET JEWELLERY L...	01569284	28.01.2017	N
SIGNET JEWELLERY G...	02005783	28.01.2017	N
RATNERS LIMITED	02068822	28.01.2017	N
RATNERS TRUSTEES L...	02108408	28.01.2017	N
COLLINGWOOD THE CO...	02246778	28.01.2017	N
SIGNET JEWELERS LI...	06647317	28.01.2017	N
SIGNET GROUP LIMITED	00477692	28.01.2017	N
SIGNET UK FINAN...	09002729	28.01.2017	N
SIGNET GROUP LI...	IE902912	31.01.2015	N
SIGNET UK CAYMA...	N/A	-	-
SIGNET GROUP...	04607153	28.01.2017	N
SIGNET US HOLDI...		-	-	$188,000,000
SIGNET US FIN...	05012307	28.01.2017	N
CHARMED MEMORIES LTD	06685557	28.01.2017	N
ERNEST JONES (JEWE...	01375668	28.01.2017	N
ERNEST JONES & CO...	00468771	28.01.2017	N
SAPHENA LIMITED	00550909	28.01.2017	N
JAMES WALKER GOLDS...	00278248	28.01.2017	N

Other Linked Companies

Name	Number	Latest Key Financials	Turnover
EASYLIVES LLP	OC314022	30.09.2016
SIGNET JEWELLERY LIMITED	01836905	-
H. SAMUEL LIMITED	IE902731	-
ULTRA STORES INC		-	$3,384,000
MARKS & MORGAN JEWELERS, INC.		-	$3,163,000
STERLING INC		-
SIGNET JEWELERS LTD		-	$3,233,600,000
STERLING JEWELERS RECEIVABLES CORP.		-

Exact CCJ Details

Date	Court	Amount	Status	Case Number	Date Paid
17/01/2018	COUNTY COURT BUSINESS CENTRE	£515	Judgment	D7QZ20RZ	-
22/09/2015	COUNTY COURT MONEY CLAIMS CENTRE	£400	Judgment	B70YM986	-

Possible CCJs Details

Possible CCJ matches show CCJs that may be matched to a company based on various criteria such as similar trading names or addresses. This data is provided for your information only as an aid to decision-making and does not affect a company’s rating.

There are no possible CCJ details

Creditor Details

	Total Number	Total Value
Trade Creditors	0	-
No Creditor Data

Trade Debtors / Bad Debt Detail

	Total Number of Documented Trade	Total Value of Documented Trade
Trade Debtors	1	£6,900
Company Name		Amount	Statement Date
Bale Mckenzie Ltd		£6,900	01/07/2015

Previous Director/Company Secretaries

Name	Current Active Appointments			Previous Appointments	Dissolved Companies
Walker Gordon Boyd	2			32	31
Simon Lee Cashman	0			22	32
Timothy John Jackson	0			16	4
INSTANT COMPANIES LIMITED	9			33332	89430
SWIFT INCORPORATIONS LIMITED	11			76420	189637
Kenneth Charles Pratt	5			21	27
Michael Phillip Povall	0			6	0
Total Persons With Significant Control		1	Total Statements			0
Active		1	Active			0
Ceased		0	Ceased			0

Active Persons With Significant Control

Name	Signet Holdings Limited	Kind	Corporate Entity With Significant Control
Address	Imperial Place 3 Maxwell Road, Borehamwood	Notified On	06/04/2016
Post Code	WD6 1JN	Legal Form	Private Company Limited By Shares
Authority	Companies Act 2006	Place Registered	-
Country Registered	-	Registration Number	-
Nature Of Control	Ownership Of Shares 75 To 100 Percent,Voting Rights 75 To 100 Percent,Right To Appoint And Remove Directors

Ceased Persons With Significant Control

No Ceased Persons With Significant Control To Display

Active Statements

No Active Statements To Display

Ceased Statements

No Ceased Statements To Display

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 66.7
UK Pound	1	INR 93.14
Euro	1	INR 81.43
GBP	1	INR 92.85

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	PRI
Report Prepared by :	KET

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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.