MIRA INFORM REPORT

3decades

MIRA INFORM REPORT

Report No. :	492309
Report Date :	17.02.2018

IDENTIFICATION DETAILS

Name :	VCN INDIA PRIVATE LIMITED (w.e.f 16.10.2015)

Formerly known as :	VARDHAMAN CROP NUTRIENTS PRIVATE LIMITED

Registered Office :	House No. 2191, Sector 21-C, Chandigarh – 160021, India
Tel. No.:	91-172-4005976 / 4612191

Country :	India

Financials (as on) :	31.03.2017

Date of Incorporation :	29.05.2009

Com. Reg. No.:	53-031629

Capital Investment / Paid-up Capital :	INR 6.650 Million

CIN No.: [Company Identification No.]	U45200CH2009PTC031629

IEC No.:	2210000921

CST No.: [Central Sales Tax No.]	03742064776C

VAT No.: [Value Added Tax Registration No.]	03742064776V

TAN No.: [Tax Deduction & Collection Account No.]	PTLV11279C

GSTIN :	Not Available

PAN No.: [Permanent Account No.]	AADCV0178N

Legal Form :	Private Limited Liability Company

Line of Business :	Wholesale Trader Services of Agricultural Raw Materials. Construction of Buildings. (Registered activity) Manufacturing and Marketing of Carious Crop Nutrients. (As per memorandum of Association)

No. of Employees :	Not Available

RATING & COMMENTS

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

MIRA’s Rating :

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

Maximum Credit Limit :	USD 39000

Status :	Satisfactory

Payment Behaviour :	Slow but correct

Litigation :	Clear

Comments :	Subject was incorporated in the year 2009 having satisfactory track record. It is engaged as manufacturer, supplier, importer and exporter of crop fertilizers and bio stimulants. For the financial year 2017, the company has achieved top line growth in its revenue as compared to its previous year along with fair profit margin during the year. Rating takes into consideration, the acceptable financial risk profile marked by sufficient net worth base and ideal debt protection metrics. Rating continue to derive strength from its established track record of its business operations backed by its well experienced management team along with equity infusion to meet the working capital requirement. However, theses rating strengths are partially offset by large working capital requirement due to fragmented and highly competitive industry. This factors result to inability of subject to scale up its operations without facing profitability pressure. Payments seems to be slow but correct. In view of aforesaid 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

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

India

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

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 31-03-2016.

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 17.02.2018

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

LOCATIONS

Registered Office :	House No. 2191, Sector 21-C, Chandigarh – 160021, India
Tel. No.:	91-172-4005976 / 4612191
Fax No.:	91-172-4612191
E-Mail :	randhwads@yahoo.com

DIRECTORS

As on 31.03.2017

Name :

Mr. Gurinder Pal Singh

Designation :

Director

Address :

House No 75, Phase-7, Mohali - 160059, Punjab, India

Date of Birth/Age :

27.02.1983

Date of Appointment :

29.05.2009

DIN No.:

02621975

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U15320CH2012PTC034096	VCN INTERNATIONAL PRIVATE LIMITED	20/09/2012	-

Name :

Mr. Deepinder Singh Randhawa

Designation :

Director

Address :

House No. 2191, Sector 21-C, Chandigarh – 160021, India

Date of Birth/Age :

31.08.1975

Date of Appointment :

29.05.2009

DIN No.:

02621797

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U15320CH2012PTC034096	VCN INTERNATIONAL PRIVATE LIMITED	20/09/2012	-

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2017

Names of Shareholders	No. of Shares	%age
Gurinder Pal Singh	332500	50.00
Deepinder Singh Randhawa	332500	50.00
Total	665000	100.00

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2017

Category	Percentage
Promoter – (Individual/ Hindu Undivided Family – Indian)	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Wholesale Trader Services of Agricultural Raw Materials.
Construction of Buildings.

(Registered activity)

Manufacturing and Marketing of Carious Crop Nutrients.

(As per memorandum of Association)

Products :

Item Code No.	Product Description
4690	Other non-specialised wholesale trade n.e.c.
4100	Construction of buildings

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Not Available

Terms :

Not Available

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Available
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

Customers :

Reference :	Not Available
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

No. of Employees :

Not Available

Bankers :

Bank Name	State Bank of India
Branch	SCO 103-110, Sector 17-Bchandigarh, Chandigarh – 160017, India
Person Name (With Designation)	--
Contact Number	--
Name of Account Holder	--
Account Number	--
Account Since (Date/Year of Account Opening)	--
Average Balance Maintained (If Possible)	--
Credit Facilities Enjoyed (If any)	--
Account Operation	--
Remarks (If any)	--

Facilities :

Secured Loan	31.03.2017 (INR in Million)	31.03.2016 (INR in Million)
Long-term Borrowings
HDFC Bank Limited (Fortuner Loan)	0.000	0.098
(Secured against hypothecation of Car)
State Bank of India (XUV 500 loan)	0.000	0.230
(Secured against hypothecation of Car)
State Bank of India (Mahindra Pick up loan)	0.060	0.121
(Secured against hypothecation of Car)
State Bank of India (Liva 1737)	0.141	0.232
(Secured against hypothecation of Car)
State Bank of India (Liva 6718)	0.150	0.241
(Secured against hypothecation of Car)
State Bank of India (Amaze Loan)	0.010	0.092
(Secured against hypothecation of Car)
HDFC Bank Limited (JCB Loan)	0.908	0.000
(Secured against hypothecation of JCB Machine)
State Bank of India (Baleno Loan)	0.371	0.000
(Secured against hypothecation of Car)

Short-term borrowings
State Bank of India – Mattaur (31215318055)	13.798	19.693
(Secured against hypothecation of Stocks)
State Bank of India (Amaze Loan)	0.097	0.097
(Secured against hypothecation of Car) Due within 1 Year
State Bank of India (Cruze Loan)	0.000	0.184
(Secured against hypothecation of Car) (Due within 1 Year)
HDFC Bank Limited (Fortuner Loan)	0.137	0.420
(Secured against hypothecation of Car) (Due within 1 Year)
State Bank of India (XUV 500 Loan)	0.000	0.246
(Secured against hypothecation of Car) (Due within 1 Year)
State Bank of India (Mahindra Pick Up Loan)	0.078	0.078
(Secured against hypothecation of Car) (Due within 1 Year)
State Bank of India (Liva 1737)	0.123	0.123
(Secured against hypothecation of Car) (Due within 1 Year)
State Bank of India (Liva 6718)	0.123	0.123
(Secured against hypothecation of Car) (Due within 1 Year)
HDFC Bank Limited (JCB Loan)	0.816	0.000
(Secured against hypothecation of JCB Machine) (Due within 1 Year)
State Bank of India (Baleno Loan)	0.127	0.000
(Secured against hypothecation of Car) (Due within 1 Year)
Total	16.939	21.978

Auditors :
Name :	Beenu Goel and Associates Chartered Accountants
Address :	H. No. 3130 P, Level II, Sector - 22 D, Chandigarh – 160022, India
Tel. No.:	91-172-2779755 / 4322166
Mobile No.:	91-9815669755 / 9872969755
E-Mail :	raaj_kgupta@yahoo.co.in carbrassociates@gmail.com
PAN N Income-tax PAN of auditor or auditor's firm :	AFKPG0932Q

Memberships :	Not Available

Collaborators :	Not Available

Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

After 30.09.2017

Authorised Capital : INR 10.000 Million

Issued, Subscribed & Paid-up Capital : INR 10.000 Million

As on 31.03.2017

Authorised Capital :

No. of Shares	Type	Value	Amount

700000	Equity Shares	INR 10/- each	INR 7.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

665000	Equity Shares	INR 10/- each	INR 6.650 Million

FINANCIAL DATA

[all figures are in INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2017	31.03.2016	31.03.2015

I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	6.650	2.650	2.650
(b) Reserves & Surplus	6.941	2.510	1.950
(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)	13.591	5.160	4.600

(3) Non-Current Liabilities
(a) long-term borrowings	16.480	6.484	5.970
(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)	16.480	6.484	5.970

(4) Current Liabilities
(a) Short term borrowings	15.299	20.964	22.381
(b) Trade payables	32.839	11.961	9.943
(c) Other current liabilities	6.507	3.340	1.926
(d) Short-term provisions	2.750	1.378	0.865
Total Current Liabilities (4)	57.395	37.643	35.115

TOTAL	87.466	49.287	45.685

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	5.670	4.083	5.356
(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)	0.797	0.691	0.445
(d) Long-term Loan and Advances	2.373	0.111	0.095
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	8.840	4.885	5.896

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	24.615	23.509	22.403
(c) Trade receivables	43.183	18.716	14.471
(d) Cash and cash equivalents	0.661	0.198	1.009
(e) Short-term loans and advances	0.000	0.000	0.000
(f) Other current assets	10.167	1.979	1.906
Total Current Assets	78.626	44.402	39.789

TOTAL	87.466	49.287	45.685

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017	31.03.2016	31.03.2015
	SALES
	Income	177.292	73.633	54.481
	Other Income	0.084	0.057	0.042
	TOTAL	177.376	73.690	54.523

Less	EXPENSES
	Cost of Materials Consumed	93.722	36.441	28.472
	Employees benefits expense	11.841	11.320	7.633
	Operating Expenses	52.453	13.340	9.061
	Extraordinary Items	0.000	0.000	(0.033)
	Other expenses	7.587	5.648	4.477
	TOTAL	165.603	66.749	49.610

	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	11.773	6.941	4.913

Less	FINANCIAL EXPENSES	4.082	4.185	3.083

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	7.691	2.756	1.830

Less/ Add	DEPRECIATION/ AMORTISATION	1.502	1.959	2.165

	PROFIT/ (LOSS) BEFORE TAX	6.189	0.797	(0.335)

Less	TAX	1.742	0.217	(0.114)

	PROFIT/ (LOSS) AFTER TAX	4.447	0.580	(0.221)

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	2.510	1.950	2.230

	Addition (Deduction) during Income Tax	0.000	0.020	0.059

	Balance Carried to the B/S	6.957	2.510	1.950

	CIF VALUE OF IMPORTS	33.416	17.203	19.179

	Earnings / (Loss) Per Share (INR)	6.69	2.19	(0.83)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2017	31.03.2016	31.03.2015
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	(4.286)	3.385	5.478
Net cash flow from operating activity	(6.532)	3.488	4.871

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Average Collection Days (Sundry Debtors / Income * 365 Days)	88.90	92.78	96.95

Account Receivables Turnover (Income / Sundry Debtors)	4.11	3.93	3.76

Average Payment Days (Sundry Creditors / Purchases * 365 Days)	127.89	119.80	127.47

Inventory Turnover (Operating Income / Inventories)	0.48	0.30	0.22

Asset Turnover (Operating Income / Net Fixed Assets)	2.08	1.70	0.92

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.84	0.90	0.90

Debt Equity Ratio (Total Liability / Networth)	2.34	5.32	6.16

Current Liabilities to Networth (Current Liabilities / Net Worth)	4.22	7.30	7.63

Fixed Assets to Networth (Net Fixed Assets / Networth)	0.42	0.79	1.16

Interest Coverage Ratio (PBIT / Financial Charges)	2.88	1.66	1.59

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
Net Profit Margin ((PAT / Sales) * 100)	%	2.51	0.79	(0.41)

Return on Total Assets ((PAT / Total Assets) * 100)	%	5.08	1.18	(0.48)

Return on Investment (ROI) ((PAT / Networth) * 100)	%	32.72	11.24	(4.80)

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	1.37	1.18	1.13

Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.94	0.56	0.50

G-Score Ratio Financial (Networth / Total Assets)	0.16	0.10	0.10

G-Score Ratio Debt (Debts / Equity Capital)	4.78	10.36	10.70

G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.37	1.18	1.13

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

FINANCIAL ANALYSIS

[all figures are INR Million]

DEBT EQUITY RATIO

Particular	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Share Capital	2.650	2.650	6.650
Reserves & Surplus	1.950	2.510	6.941
Share Application money pending allotment	0.000	0.000	0.000
Net worth	4.600	5.160	13.591

Long Term borrowings	5.970	6.484	16.480
Short Term borrowings	22.381	20.964	15.299
Total borrowings	28.351	27.448	31.779
Debt/Equity ratio	6.163	5.319	2.338

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Sales	54.481	73.633	177.292
		35.154	140.778

NET PROFIT MARGIN

Net Profit Margin	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Sales	54.481	73.633	177.292
Profit	(0.221)	0.580	4.447
	(0.41%)	0.79%	2.51%

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	Litigations that the firm/promoter involved in	--
32	Market information	--
33	Payments terms	No
34	Negative Reporting by Auditors in the Annual Report	No

REVIEW OF BUSINESS OPERATIONS AND FUTURE PROSPECTS

The revenue from operations for the year is INR 177.292 Million as compared to INR 73.633 Million in the previous year. The Net profit after tax for the year amounted to INR 4.447 Million in the current year as compared to a profit of INR 0.580 Million in the previous year.

UNSECURED LOAN

Unsecured Loan	31.03.2017 (INR in Million)	31.03.2016 (INR in Million)
Long-term Borrowings
Loan from Director and shareholders:
Deepinder Singh Randhawa	2.984	1.929
Gurinder Pal Singh	4.424	3.541

From Body Corporate:
Capital First Limited	7.432	0.000
Total	14.840	5.470

INDEX OF CHARGES:

SNo	SRN	Charge Id	Charge Holder Name	Date of Creation	Date of Modification	Date of Satisfaction	Amount	Address
1	G43258540	100095825	State Bank of India	13/02/2017	-	-	500000.0	SCO 103-110, Sector 17-Bchandigarh, Chandigarh – 160017, India
2	G43257856	10227037	State Bank of India	16/06/2010	14/03/2017	-	99500000.0	SCO 103-110, Sector 17-Bchandigarh, Chandigarh – 160017, India

FIXED ASSETS

Furniture and Fitting
Plant and Machinery
Vehicle
Air Conditioner
Computer

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 records 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	INR
US Dollar	1	INR 64.12
UK Pound	1	INR 89.17
Euro	1	INR 79.38

INFORMATION DETAILS

Analysis Done by :	NSR

Report Prepared by :	SUJ

SCORE FACTORS

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

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.