|
|
|
MIRA INFORM REPORT
|
Report No. : |
484868 |
|
Report Date : |
10.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
SHANGHAI CIXI INSTRUMENT CO,LTD. |
|
|
|
|
Registered Office : |
Rm 402-1, No.650 Xinzhuan Rd, Songjiang Dist, Shanghai City |
|
|
|
|
Country : |
China |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
04.11.2008 |
|
|
|
|
Unified Social
Credit Code : |
913101176810427824 |
|
|
|
|
Legal Form : |
Limited Liabilities Company |
|
|
|
|
Line of Business : |
Subject is mainly engaged in sales of meters and instruments,
including liquid flowmeters, gas flowmeters, ultrasonic liquid level meters, radar
liquid level meters, magnetic level gauges, magnetostrictive liquid level
meters, pressure gauges, pressure sensors, pressure transmitters, temperature
sensors, thermometers and temperature transmitters, etc. Its products are
widely used in the oil consumption management of ships, mixing stations,
transportation vehicles and so on. |
|
|
|
|
No. of Employees : |
15 (2018-01-09) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 (30.06.2017) |
Current Rating (30.09.2017) |
|
China |
A2 |
A2 |
|
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 |
CHINA - ECONOMIC OVERVIEW
Since the late 1970s, China has moved from a closed, centrally planned
system to a more market-oriented one that plays a major global role. China has
implemented reforms in a gradualist fashion, resulting in efficiency gains that
have contributed to a more than tenfold increase in GDP since 1978. Reforms
began with the phaseout of collectivized agriculture, and expanded to include
the gradual liberalization of prices, fiscal decentralization, increased autonomy
for state enterprises, growth of the private sector, development of stock
markets and a modern banking system, and opening to foreign trade and
investment. China continues to pursue an industrial policy, state-support of
key sectors, and a restrictive investment regime. Measured on a purchasing
power parity (PPP) basis that adjusts for price differences, China in 2016
stood as the largest economy in the world, surpassing the US in 2014 for the
first time in modern history. China became the world's largest exporter in
2010, and the largest trading nation in 2013. Still, China's per capita income
is below the world average.
After keeping its currency tightly linked to the US dollar for years,
China in July 2005 moved to an exchange rate system that references a basket of
currencies. From mid-2005 to late 2008, the renminbi appreciated more than 20%
against the US dollar, but the exchange rate remained virtually pegged to the
dollar from the onset of the global financial crisis until June 2010, when
Beijing allowed resumption of a gradual liberalization. In 2015, the People’s
Bank of China announced it would continue to carefully push for full
convertibility of the renminbi (RMB) after the currency was accepted as part of
the IMF’s special drawing rights basket. After engaging in one-way, large-scale
intervention to resist appreciation of the RMB for a decade, China’s 2016
intervention in foreign exchange markets has sought to prevent a rapid RMB
depreciation that would have negative consequences for the United States,
China, and the global economy.
China’s economic growth has slowed since 2011. The Chinese Government
faces numerous economic challenges including: (a) reducing its high domestic
savings rate and correspondingly low domestic household consumption; (b)
servicing its high corporate debt burdens to maintain financial stability; (c)
facilitating higher-wage job opportunities for the aspiring middle class,
including rural migrants and college graduates, while maintaining
competitiveness; (d) dampening speculative investment in the real estate
sector; (e) reducing industrial overcapacity; and (f) raising productivity
growth rates through the more efficient allocation of capital. Economic
development has progressed further in coastal provinces than in the interior,
and by 2016 more than 169.3 million migrant workers and their dependents had
relocated to urban areas to find work. One consequence of China’s population
control policy known as the “one-child policy” - which was relaxed in 2016 to
permit all families to have two children - is that China is now one of the most
rapidly aging countries in the world. Deterioration in the environment -
notably air pollution, soil erosion, and the steady fall of the water table,
especially in the North - is another long-term problem. China continues to lose
arable land because of erosion and urbanization. The Chinese government is
seeking to add energy production capacity from sources other than coal and oil,
focusing on natural gas, nuclear, and clean energy development. In 2016, China
ratified the Paris Agreement, a multilateral agreement to combat climate
change, and committed to peak its carbon dioxide emissions between 2025 and
2030.
The government's 13th Five-Year Plan, unveiled in March 2016, emphasizes
the need to increase innovation and boost domestic consumption to make the
economy less dependent on government investment, exports, and heavy industry.
However, China has made only marginal progress toward these rebalancing goals.
Under President XI Jinping, Beijing has signaled its understanding that China's
long-term economic health depends on giving the market a more decisive role in
allocating resources, but has moved slowly on market-oriented reforms because
of potential negative consequences for stability and short-term economic
growth. He has also increased state-control over key sectors and Party control
over state-owned enterprises. Chinese leaders in 2010 pledged to double China’s
GDP by 2020, and the 13th Five Year Plan includes annual economic growth targets
of at least 6.5% through 2020 to achieve that goal. In recent years, China has
renewed its support for state-owned enterprises in sectors considered important
to "economic security," explicitly looking to foster globally
competitive industries. Chinese leaders also have undermined some
market-oriented reforms by reaffirming the “dominant” role of the state in the
economy, a stance that threatens to discourage private initiative and make the
economy less efficient over time.
|
Source
: CIA |
ORDER
DETAILS & INVESTIGATION RESULTS
|
- |
Order Information |
Verification |
|
Name(English) |
SHANGHAI CIXI INSTRUMENT CO,LTD. |
Correct |
|
Address (English) |
612, Jiahe Sunny Plaza, No. 76 Jiu Ting Road Songjiang District
Shanghai P.R. |
Inaccurate |
|
Tel |
0086-21-57632436 |
Correct |
|
Fax |
0086-21-57634819-118 |
Previous fax number |
ABSTRACT
|
Name (English) |
SHANGHAI CIXI INSTRUMENT CO,LTD. |
|
Unified Social Credit Code |
913101176810427824 |
|
AIC registration No. |
310227001403280 |
|
National Organization Code |
681042782 |
|
Company Status |
Operational |
|
Executive |
Peng Hua |
|
Registered Capital |
CNY 3,000,000.00 |
|
Date of Establishment |
2008-11-04 |
|
Employee |
15 (2018-01-09) |
|
Website |
www.gninstruments.com |
|
Company Size |
Small |
|
SIC (China) |
5179,Wholesale of Other Mechanical Equipment and Electronic Products |
|
Import and Export Enterprise Code |
3100681042782 |
|
Import/Export Permit |
Yes |
CONTACTS
|
Tel |
(86 21)57632436 |
|
E-mail |
2880151135@qq.com |
|
Address |
Rm 612, Jiahe Sunny Plaza, No.76 Jiuxin Road , Jiuting Town, Songjiang
Dist, Shanghai City(Office) |
|
Address Post code |
201615 |
|
Ownership |
Rented |
GENERAL
COMMENTS
|
RISK ANALYSIS |
|
Established in Nov. 2008 with registered capital of CNY 3,000,000.00,
SC is mainly engaged in sales of meters and instruments. With years of
operation, it has accumulated certain industry experience. Currently, the company’s business scale is
small and its popularity and influence in the industry need to be improved. According to Subject’s current financial information, its operating
income of 2016 increases by 7.27% over that of 2015, indicating its business
development in 2016 is stable. Reversing the loss status of 2015 but still
with low net profit margin of 2016, subject needs to improve its
profitability. With low liabilities to assets ratio of 2016, subject has good
long-term solvency. |
REGISTRATION
INFORMATION
|
Unified Social Credit Code |
913101176810427824 |
|
AIC registration No. |
310227001403280 |
|
Date of Establishment |
2008-11-04 |
|
Registered Address |
Rm 402-1, No.650 Xinzhuan Rd, Songjiang Dist, Shanghai City |
|
Registry |
Market Supervision Administration - Songjiang Dist |
|
Legal Representative |
Peng Hua |
|
Legal Form |
Limited Liabilities Company |
|
Registered Capital |
CNY 3,000,000.00 |
|
Paid-in Capital |
CNY 3,000,000.00 |
|
Latest Year of Annual Report |
2016 |
|
Operation duration |
2008-11-04 to 2038-11-03 |
|
Business Scope |
Sales of meters and instruments, industrial automatic equipment,
electronic components, electronic products, mechanical and electrical
equipment, chemical products; Technology service, technology consultation and technology R&D of
automation technology of instruments; Import and export of cargoes and technologies; (Of the above business projects where a permit is required, permit
shall be obtained.) |
REGISTRATION
CHANGES
|
- |
Date |
Item Changed |
From |
To |
|
1 |
2017-11-29 |
Registered Address |
RM 612-613, No.76 Jiuxin Road , Jiuting Town, Songjiang Dist, Shanghai
City |
Rm 402-1, No.650 Xinzhuan Rd, Songjiang Dist, Shanghai City |
|
2 |
2016-12-22 |
Registered Address |
East 201, Bldg 1, No.78 Yifu Rd,
Jiuting Town, Songjiang Dist, Shanghai City |
RM 612-613, No.76 Jiuxin Road , Jiuting Town, Songjiang Dist, Shanghai
City |
|
3 |
2016-08-03 |
Registered capital |
CNY500,000.00 |
CNY3,000,000.00 |
SHAREHOLDER
INFORMATION
|
- |
Name |
% Ownership |
Capital Contributed |
Currency |
Investment Way |
Paid-in % |
Country |
|
1 |
Peng Hua |
100.00 |
3,000,000.00 |
CNY |
Capital |
100 |
China |
|
Total |
|
100.0 |
3,000,000 |
|
|
|
|
ULTIMATE
HOLDING
|
- |
Ultimate Shareholder |
Investment Way |
|
1 |
Peng Hua |
Capital |
|
English Name |
Peng Hua |
|
Country |
China |
|
Type |
Natural Person Shareholder |
|
Investment Way |
Capital |
|
Note |
Peng Hua -->100.00% SHANGHAI
CIXI INSTRUMENT CO,LTD |
RELATED
COMPANY
|
|
Name |
Financial Strength |
Registered Capital |
Currency Of Registered Capital |
Name Of Legal Representative |
Date of Establishment |
|
1 |
SHANGHAI JSN MICRO FLOW METER CO.,LTD |
- |
1,000,000 |
CNY |
Tu Jianwen |
2011-05-23 |
|
Name(English) |
SHANGHAI JSN MICRO FLOW METER CO.,LTD |
|
Country |
China |
|
Relationship |
Related Company |
|
Legal Form |
Limited Liabilities Company |
|
Registration No. |
310117002832336 |
|
Unified Social Credit Code |
913101175758065661 |
|
Registered Capital |
1,000,000 |
|
Currency Of Registered Capital |
CNY |
|
Date of Establishment |
2011-05-23 |
|
Name Of Legal Representative |
Tu Jianwen |
No branch information of subject is searched from database.
INVESTMENT IN OTHER COMPANIES
No investment information of subject is searched from database.
MANAGEMENT
|
Name |
Peng Hua |
|
Position |
Executive Director |
INVOLVEMENT IN
OTHER COMPANIES
No other involvement information of subject's legal representative is searched
from database.
MANAGEMENT
|
- |
Name |
Position |
Gender |
|
1 |
Peng Hua |
Executive Director |
- |
DIRECTORS AND SUPERVISORS
|
- |
Name |
Position |
Gender |
|
1 |
Peng Hua |
Executive Director |
- |
|
2 |
Tu Jianwen |
Supervisor |
- |
JUDICIAL
INFORMATION
As of the reporting date, no related record about subject is found
through below sources:
A. Website of China Court Organization;
B. Websites of local courts of subject's location;
C. Websites of major domestic courts;
D. Judicial information of database.
SUBJECT AS EXECUTED PARTY
As of the reporting date, no related record about subject is found
through below sources:
A. Website of China Court Organization;
B. Websites of local courts of subject's location;
C. Websites of major domestic courts;
D. Judicial information of database.
CIVIL & COMMERCIAL TRIAL PROCESS
As of the reporting date, no related record about subject is found
through below sources:
A. Website of China Court Organization;
B. Websites of local courts of subject's location;
C. Websites of major domestic courts;
D. Judicial information of database.
CIVIL & COMMERCIAL JUDGMENT DOCUMENT
As of the reporting date, no related record about subject is found
through below sources:
A. Website of China Court Organization;
B. Websites of local courts of subject's location;
C. Websites of major domestic courts;
D. Judicial information of database.
ADMINISTRATIVE ILLEGAL
As of the reporting date, no related record about subject is found
through below sources:
A. Website of China Court Organization;
B. Websites of local courts of subject's location;
C. Websites of major domestic courts;
D. Judicial information of database.
OPERATION
& TRENDS
|
Main Business |
Sales of meters and instruments |
|
Products & Service |
SC is mainly engaged in sales of meters and instruments, including
liquid flowmeters, gas flowmeters, ultrasonic liquid level meters, radar
liquid level meters, magnetic level gauges, magnetostrictive liquid level
meters, pressure gauges, pressure sensors, pressure transmitters, temperature
sensors, thermometers and temperature transmitters, etc. Its products are
widely used in the oil consumption management of ships, mixing stations,
transportation vehicles and so on. |
OPERATION
FACILITIES
|
Business Address |
Rm 612, Jiahe Sunny Plaza, No.76 Jiuxin Road , Jiuting Town, Songjiang
Dist, Shanghai City(Office) |
|
Tel |
(86 21)57632436 |
|
E-mail |
2880151135@qq.com |
|
Post code |
201615 |
|
Environment |
Downtown |
|
Ownership |
Rented |
SALES
INFORMATION
|
Region |
Products |
Customer Type |
Number of Customers |
Payment Terms |
Region |
Percentage |
|
|
Domestic |
Liquid level meters, flowmeters, thermometers, etc |
Traders, etc |
Over 10 |
Immediate payment, prepayment, etc |
East China, Southern China, etc. |
80 |
|
|
International |
Liquid level meters, flowmeters, thermometers, etc |
Traders, etc |
Over 10 |
L/C, T/T, etc |
Europe, America, Southeast Asia, Middle East, etc. |
20 |
|
|
OTHER INFORMATION |
SC's sales business is mainly developed domestically and its clients
are mainly traders, etc. Currently it has stable sales network. |
||||||
PURCHASE
INFORMATION
|
Region |
Main Products Purchased |
Number of Suppliers |
Payment Terms |
Region |
Percentage |
|
|
Domestic |
Liquid level meters, flowmeters, thermometers, office supplies, etc |
Over 5 |
Immediate payment, prepayment, etc |
Shanghai City |
100 |
|
|
OTHER INFORMATION |
SC's purchasing business is wholly developed in Shanghai City.
Currently it has established stable purchasing channels. |
|||||
MAJOR SUPPLIERS
|
- |
Name |
Legal Form |
Country |
|
1 |
SHANGHAI JSN MICRO FLOW METER CO.,LTD |
Limited Liabilities Company |
China |
|
Name (English) |
SHANGHAI JSN MICRO FLOW METER CO.,LTD |
|
Country |
China |
|
Legal Representative |
Tu Jianwen |
|
Registration No. |
310117002832336 |
|
Social Credit Code |
913101175758065661 |
|
Date of Establishment |
2011-05-23 |
|
Legal Form |
Limited Liabilities Company |
|
Registered Capital |
CNY 1,000,000.00 |
|
Note |
SC's products are mainly supplied by its related company
"SHANGHAI JSN MICRO FLOW METER CO.,LTD". Subject's other supplier information
is unavailable. Due to the close relationship between the above two parties,
no credit record is provided in the report. |
ELECTRICITY CONSUMPTION RECORD
No electricity consumption record of subject can be obtained as the
electricity consumer may not be filed with subject's name.
QUALIFICATIONS
|
- |
Name |
Image |
Registration No. |
International Classification |
Country |
|
1 |
GN |
|
14972921 |
9 |
China |
|
2 |
JSN INSTRUMENT |
|
17596735 |
9 |
China |
|
3 |
瓷熙 SHCIXIYB CX |
|
17596794 |
9 |
China |
|
4 |
瓷熙 CXINSTRUMENT
AUTOMATION&PROCESS CONTROL |
|
17596848 |
9 |
China |
PATENT
|
- |
Patent Name |
Patent Type |
Status |
Application No. |
Application date |
Classification |
Publication No. |
|
1 |
Ultra micro flow ratio dose device |
Invention |
Approval Valid |
CN201310483638.0 |
2013-10-16 |
G01F1/20(2006.01)I |
CN103487094A |
|
2 |
Oil consumption flowmeter |
Patent for utility models |
Terminated |
CN201120213703.4 |
2011-06-22 |
G01F1/56(2006.01)I |
CN202158877U |
EXPORT/IMPORT PERMIT
|
EXPORT/IMPORT PERMIT |
Yes |
EMPLOYEE
|
Employee Number |
15 |
WEBSITES
|
- |
Website |
Name |
File No |
Registrant |
|
1 |
SHANGHAI CIXI INSTRUMENT CO,LTD |
|
Website |
|
|
Country |
China |
|
Status |
|
|
Name |
SHANGHAI CIXI
INSTRUMENT CO,LTD |
|
Sponsor Name |
SHANGHAI CIXI
INSTRUMENT CO,LTD |
|
Hosted By |
Company |
|
File No. |
Hu ICP
07036704-1 |
|
Source |
Public Channels |
ABNORMAL TAX PAYER
As of the
reporting date, no related record about subject is found through below sources:
A. Website of Tax Bureau
of China;
B. Website of
local Tax Bureau of subject's location;
C. Taxpayer
information of database.
TAX ARREARS LIST
As of the
reporting date, no related record about subject is found through below sources:
A. Website of Tax
Bureau of China;
B. Website of
local Tax Bureau of subject's location;
C. Taxpayer
information of database.
DEBT ARREARS LIST
As of the
reporting date, no related record about subject is found through below sources:
A. Major
telecommunication operators of China;
B.
Telecommunication information of database.
FINANCIAL INFORMATION
DETAILED FINANCIAL
INFORMATION (UNIT: CNY 1,000)
Financial Note:
Due to the lack of a clear government policy regarding the transparency of enterprise
financial information, some financial items might be missing in the financial
statements, causing possible inequality between the sum of the provided items
and the provided total numbers.
|
Assets |
|
|
|
Year |
2015-12-31 |
2016-12-31 |
|
Report Type |
Annual Report |
Annual Report |
|
Statement Type |
Individual |
Individual |
|
Source |
AIC |
AIC |
|
Audited or Not |
Unknown |
Unknown |
|
Total Assets |
1,127 |
4,034 |
|
Liabilities |
|
|
|
Year |
2015-12-31 |
2016-12-31 |
|
Total Liabilities |
888 |
1,274 |
|
Total Owner’s Equity |
239 |
2,760 |
|
Total Liabilities and Owner's Equity |
1,127 |
4,034 |
|
Income Statement |
|
|
|
Year |
2015-12-31 |
2016-12-31 |
|
Operating Income |
3,328 |
3,570 |
|
Total Profit |
-20 |
21 |
|
Income Tax |
0 |
0 |
|
Net Profit |
-20 |
21 |
GROWTH RATE OF
MAJOR FINANCIAL
|
|
2015 |
Growth(%) |
2016 |
|
Operating Income |
3,328 |
7.27 |
3,570 |
|
Total Assets |
1,127 |
257.94 |
4,034 |
|
Total Profit |
-20 |
205.00 |
21 |
|
Net Profit |
-20 |
205.00 |
21 |
|
Total Liabilities |
888 |
43.47 |
1,274 |
|
Total Owner’s Equity |
239 |
1,054.81 |
2,760 |
IMPORTANT RATIO
|
Profitability |
2015 |
2016 |
|
Return on net assets (%) |
-8.37 |
0.76 |
|
Return on total assets (%) |
-1.77 |
0.52 |
|
Net profit margin (%) |
-0.60 |
0.59 |
|
Operation capacity |
2015 |
2016 |
|
Turnover of total assets |
2.95 |
0.88 |
|
Solvency |
2015 |
2016 |
|
Liabilities to assets ratio (%) |
78.79 |
31.58 |
|
Development capacity |
2015 |
2016 |
|
Yearly Growth of Operating Income (%) |
- |
7.27 |
|
Yearly growth of total assets (%) |
- |
257.94 |
FINANCIALS &
ANALYSIS
|
Financial Note |
Subject’s
detailed financial information of 2015 and 2016 is unavailable through all
available channels. Subject’s staff was contacted but declined to provide relevant
financial information. Hence only Subject’s financial summaries of 2015 and
2016 obtained from AIC source are provided for client’s reference. |
|
SIC (China) |
5179,Wholesale of Other Mechanical Equipment and Electronic Products 【Major】 |
|
ISIC |
4652,Wholesale of electronic and telecommunications equipment and
parts |
|
NACE |
46.52,Wholesale of electronic and telecommunications equipment and
parts |
INDUSTRY FINANCIAL AVERAGE
|
- |
2016 |
Subject |
Best(10%) |
Average |
Worst(10%) |
|
Solvency |
Liabilities to Assets Ratio (%) |
31.58 |
58.75 |
68.72 |
100.06 |
|
Current ratio |
- |
2.06 |
1.23 |
0.64 |
|
|
Quick ratio |
- |
1.28 |
0.77 |
0.40 |
|
|
Development Capacity |
Yearly Growth of Operating Income (%) |
7.27 |
18.43 |
9.17 |
-21.01 |
|
Yearly Growth of Gross Profit (%) |
- |
19.67 |
6.46 |
-22.35 |
|
|
Yearly Growth of Total Assets (%) |
257.94 |
16.41 |
8.38 |
-13.56 |
|
|
Profitability |
Return on net assets (%) |
0.76 |
19.84 |
7.60 |
-9.67 |
|
Return on total assets (%) |
0.52 |
8.11 |
3.96 |
-5.45 |
|
|
Gross profit margin (%) |
- |
20.82 |
5.06 |
1.93 |
|
|
Operation Capacity |
Turnover of total assets |
0.88 |
7.06 |
2.18 |
0.09 |
|
Turnover of current assets |
- |
7.94 |
2.97 |
0.37 |
|
|
Turnover days of account receivable |
- |
19.83 |
52.87 |
266.83 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.47 |
|
|
1 |
INR 86.15 |
|
Euro |
1 |
INR 75.92 |
|
CNY |
1 |
INR 9.75 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
TPT |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.