MIRA INFORM
REPORT
|
Report Date : |
12.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
PICANOL NV |
|
|
|
|
Registered Office : |
Ter Waarde 50 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
22.11.1928 |
|
|
|
|
Com. Reg. No.: |
405502362 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufacture of machinery for textile, apparel and leather production |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
(€) 4,100,000 |
|
Status : |
Very Good |
|
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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Summary
|
Company Summary |
|
|
Business Name |
PICANOL NV |
|
Business Number |
405502362 |
|
Address |
TER WAARDE 50 |
|
Post Code |
8900 |
|
Telephone |
057222111 |
|
Fax Number |
057222200 |
|
Date of Establishment |
22/11/1928 |
|
Number of Employees |
817 |
|
Credit Information Summary |
|
|
Company Status |
ACTIVE |
|
Credit Limit (€) |
4,100,000 |
|
Purchase Limit (€) |
42,600,000 |
|
Date of Deposit at Registry |
28/06/2007 |
|
Date of Last Accounts |
31/12/2009 |
|
Turnover |
170,212,538 |
|
Results of Ordinary Operations Before Tax |
-11,081,582 |
|
Networth |
35,149,171 |
|
Past Payments |
|
|
Payment Expectation Days |
68.83 |
|
Days Sales Outstanding |
49.25 |
|
Industry Average Payment Expectation Days |
64.10 |
|
Industry Average Day Sales Outstanding |
95.89 |
|
Court Data Summary |
|
|
bankruptcy details |
|
|
Court Action Type |
None |
|
Protested Bills |
|
|
Bill Amount |
|
|
NSSO Details |
|
|
Date of Summons |
// |
Company Information
|
company details |
|
|
Business Number |
405502362 |
|
Name |
PICANOL NV |
|
Fax Number |
057222200 |
|
Establishment Date |
22/11/1928 |
|
Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Activity Description |
Manufacture of machinery for textile, apparel and leather production |
|
Activity Code |
28940 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
-- |
|
House Number |
|
|
City |
-- |
|
Postal Code |
|
|
Trade Registered Number |
|
|
Trade Registered Entry Date |
// |
|
Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
// |
|
Latest Event |
|
|
Serial Number |
128793 |
|
Event Description |
Appointment |
Accounts & Ratio
|
Period |
|||||
|
Accounts End Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Weeks |
52 |
- |
52 |
- |
52 |
|
Currency |
EUR |
- |
EUR |
- |
EUR |
|
Profit & Loss |
|||||
|
Turnover |
170,212,538 |
-9.6% |
188,263,326 |
-40.8% |
317,793,713 |
|
Total Operating Expenses |
186,961,330 |
-10.2% |
208,130,570 |
-33.3% |
312,166,794 |
|
Operating Result |
-16,748,792 |
15.7% |
-19,867,244 |
-453.1% |
5,626,919 |
|
Total Financial Income |
13,792,160 |
217.0% |
4,351,254 |
14.2% |
3,810,053 |
|
Total Financial Expenses |
2,385,181 |
-16.6% |
2,858,506 |
-38.0% |
4,610,349 |
|
Results on Ordinary Operations Before Tax |
-11,080,584 |
43.8% |
-19,717,693 |
-537.7% |
4,504,466 |
|
Taxation |
998 |
-86.2% |
7,235 |
-99.8% |
2,900,934 |
|
Results on Ordinary Operations After Tax |
-11,081,582 |
43.8% |
-19,724,928 |
-1,330.1% |
1,603,532 |
|
Extraordinary Items |
-2,548,378 |
-56.6% |
-1,627,335 |
-274.9% |
-434,063 |
|
Net Result |
-13,629,959 |
36.2% |
-21,352,264 |
-1,925.8% |
1,169,469 |
|
Other Information |
|||||
|
Dividends |
- |
- |
- |
- |
1,475,000 |
|
Director Remuneration |
1,129,852 |
-16.3% |
1,350,536 |
-13.1% |
1,554,735 |
|
Employee Costs |
41,095,982 |
-14.5% |
48,066,270 |
-9.9% |
53,372,476 |
|
- Wages & Salaries |
29,574,756 |
-11.1% |
33,282,079 |
-8.9% |
36,515,722 |
|
- Social Security Contributions |
8,820,838 |
-20.1% |
11,037,312 |
-8.5% |
12,068,938 |
|
- Other Employee Costs |
1,663,635 |
-38.9% |
2,723,856 |
-28.2% |
3,791,039 |
|
Amortization & Depreciation |
3,503,135 |
-28.8% |
4,919,247 |
5.0% |
4,686,326 |
|
Balance Sheet |
|||||
|
Accounts End Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Weeks |
52 |
- |
52 |
- |
52 |
|
Intangible Fixed Assets |
1,325,480 |
-27.4% |
1,824,659 |
-15.9% |
2,169,175 |
|
Tangible Fixed Assets |
8,535,812 |
-23.0% |
11,083,058 |
-16.2% |
13,225,429 |
|
- Land And Buildings |
5,479,450 |
-7.5% |
5,921,439 |
-14.1% |
6,889,440 |
|
- Plant And Machinery |
2,598,300 |
-42.7% |
4,533,355 |
-17.1% |
5,467,061 |
|
- Other Tangible Assets |
458,062 |
-27.1% |
628,264 |
-27.7% |
868,928 |
|
Financial Fixed Assets |
46,005,212 |
-13.1% |
52,936,927 |
-11.5% |
59,847,244 |
|
Total Fixed Assets |
55,866,504 |
-15.2% |
65,844,644 |
-12.5% |
75,241,848 |
|
Inventories |
|||||
|
- Raw Materials & Consumables |
10,672,749 |
-29.4% |
15,124,627 |
-16.4% |
18,091,817 |
|
- Work in Progress |
4,487,386 |
39.4% |
3,219,765 |
-44.4% |
5,794,410 |
|
- Finished Goods |
1,714,522 |
-68.5% |
5,434,679 |
79.9% |
3,021,041 |
|
- Other Stocks |
0 |
- |
0 |
- |
0 |
|
Trade Debtors |
22,967,687 |
-4.9% |
24,155,244 |
-47.7% |
46,174,424 |
|
Cash |
7,242,203 |
73.7% |
4,168,998 |
7.8% |
3,866,398 |
|
- Miscellaneous Current Assets |
210,048 |
4.5% |
200,979 |
-9.8% |
222,899 |
|
Total Current Assets |
57,051,781 |
-2.2% |
58,345,138 |
-29.8% |
83,126,124 |
|
|
|||||
|
- Trade Creditors |
35,256,221 |
20.5% |
29,267,924 |
-38.5% |
47,565,572 |
|
- Short Term Group Loans |
6,058,448 |
-41.4% |
10,342,906 |
3.9% |
9,953,407 |
|
- Other Short Term Loans |
17,081,419 |
-60.0% |
42,721,546 |
37.9% |
30,982,101 |
|
- Miscellaneous Current Liabilities |
2,777,513 |
142.9% |
-6,475,840 |
0.7% |
-6,520,950 |
|
Total Current Liabilities |
61,173,601 |
-19.4% |
75,856,536 |
-7.5% |
81,980,130 |
|
|
|||||
|
- Long Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long Term Loans |
2,103,403 |
-54.2% |
4,594,874 |
-50.5% |
9,278,116 |
|
- Other Long Term Liabilities |
13,166,630 |
52.7% |
8,619,761 |
-19.0% |
10,638,852 |
|
Total Long Term Debts |
15,270,033 |
15.6% |
13,214,635 |
-33.7% |
19,916,968 |
|
|
|||||
|
- Issued Share Capital |
22,200,000 |
200.0% |
7,400,000 |
0.0% |
7,400,000 |
|
- Share Premium Account |
1,518,428 |
14.0% |
1,332,428 |
0.0% |
1,332,428 |
|
- Reserves |
12,756,223 |
-51.7% |
26,386,182 |
-44.7% |
47,738,446 |
|
- Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Total Shareholders Equity |
36,474,651 |
3.9% |
35,118,610 |
-37.8% |
56,470,874 |
|
|
|||||
|
Working Capital |
-4,121,820 |
76.5% |
-17,511,398 |
-1,628.1% |
1,145,994 |
|
Net Worth |
35,149,171 |
5.6% |
33,293,951 |
-38.7% |
54,301,699 |
|
Ratio Analysis |
||||||
|
Trading Performance |
||||||
|
Pre-tax Profit Margin |
-6.51 |
37.8% |
-10.47 |
-837.3% |
1.42 |
|
|
Return On Capital Employed |
-21.41 |
47.5% |
-40.80 |
-791.5% |
5.90 |
|
|
Return On Total Assets Employed |
-9.81 |
38.2% |
-15.88 |
-659.2% |
2.84 |
|
|
Return On Net Assets Employed |
268.83 |
138.7% |
112.60 |
-71.4% |
393.06 |
|
|
Sales / Net Working Capital |
-41.30 |
-284.2% |
-10.75 |
-103.9% |
277.31 |
|
|
Operating Efficiency |
|
|||||
|
Stock Turnover Ratio |
9.91 |
-21.5% |
12.63 |
49.1% |
8.47 |
|
|
Debtor Days |
49.25 |
5.2% |
46.83 |
-11.7% |
53.03 |
|
|
Creditor Days |
68.83 |
34.1% |
51.33 |
-7.7% |
55.62 |
|
|
Short Term Stability |
|
|||||
|
Current Ratio |
0.93 |
20.8% |
0.77 |
-23.8% |
1.01 |
|
|
Liquidity Ratio / Acid Ratio |
0.66 |
43.5% |
0.46 |
-33.3% |
0.69 |
|
|
Current Debt Ratio |
1.68 |
-22.2% |
2.16 |
49.0% |
1.45 |
|
|
Long Term Stability |
|
|||||
|
Gearing |
69.21 |
-57.8% |
164.18 |
84.6% |
88.92 |
|
|
Equity In Percentage |
0.33 |
13.8% |
0.29 |
-19.4% |
0.36 |
|
|
Total Debt Ratio |
0.69 |
-57.9% |
1.64 |
84.3% |
0.89 |
|
|
Industry Comparison |
|
|
Activity Code |
28940 |
|
Activity Description |
Manufacture of machinery for textile, apparel and leather production |
Payment Expectations
|
Payment Expectations |
|
|
Payment Expectation Days |
68.83 |
|
Day Sales Outstanding |
49.25 |
|
Industry Comparison |
|
|
Activity Code |
2894 |
|
Activity Description |
Manufacture of machinery for textile, apparel and leather production |
|
Industry Average Day Sales Outstanding |
95.89 |
|
Industry Average Payment Expectation Days |
64.10 |
|
Industry Quartile Analysis |
|
|
Payment Expectation Days |
|
|
Payment Expectations - Lower |
54.67 |
|
Payment Expectations - Median |
67.65 |
|
Payment Expectations - Upper |
99.41 |
|
Day Sales Outstanding |
|
|
Day Sales Outstanding - Lower |
23.14 |
|
Day Sales Outstanding - Median |
51.63 |
|
Day Sales Outstanding - Upper |
78.72 |
Shareholders
|
Holding Company |
|
|
Company Name |
SYMPHONY MILLS NV |
|
Business Number |
461029617 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Holding Company |
|
|
Company Name |
PASMA NV |
|
Business Number |
466125382 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Holding Company |
|
|
Company Name |
FREE FLOAT |
|
Business Number |
14384209 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Holding Company |
|
|
Company Name |
STICHTING ADMINISTRATIEKANTOOR PICANOL |
|
Business Number |
14384110 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Holding Company |
|
|
Company Name |
STICHTING ADMINISTRATIEKANTOOR PICANOL |
|
Business Number |
14384110 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Holding Company |
|
|
Company Name |
FREE FLOAT |
|
Business Number |
14384209 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Holding Company |
|
|
Company Name |
SYMPHONY MILLS NV |
|
Business Number |
461029617 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Holding Company |
|
|
Company Name |
BEREMCO |
|
Business Number |
429717324 |
|
Share Percentage |
57.25 |
|
Annual Accounts Date |
01/03/2000 |
|
Subsidiary |
|
|
Company Name |
GEREEDSCHAPSMAKERIJ MELOTTE NV |
|
Business Number |
434700550 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
GEREEDSCHAPSMAKERIJ MELOTTE NV |
|
Business Number |
434700550 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
GUENNE WEBMASCHINENFABRIK GMBH & CO., KG |
|
Business Number |
14383219 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
BURCKLE ET CIE SA |
|
Business Number |
14384011 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
BURCKLE ET CIE SA |
|
Business Number |
14384011 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
PT GTP |
|
Business Number |
14383912 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
PT GTP |
|
Business Number |
14383912 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
GTP MILANO SRL |
|
Business Number |
14383813 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
GTP MILANO SRL |
|
Business Number |
14383813 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
SUZHOU-PICANOL TEXT. MACH. COMP. LTD |
|
Business Number |
14382823 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
SUZHOU-PICANOL TEXT. MACH. COMP. LTD |
|
Business Number |
14382823 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
GTP |
|
Business Number |
14382922 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
GTP |
|
Business Number |
14382922 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
PICANOL INDIA PRIVATE LTD |
|
Business Number |
14383021 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
PICANOL INDIA PRIVATE LTD |
|
Business Number |
14383021 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
PICANOL |
|
Business Number |
14383120 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
PICANOL |
|
Business Number |
14383120 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
GUENNE WEBMASCHINENFABRIK GMBH & CO., KG |
|
Business Number |
14383219 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
GUENNE WEBMASCHINENFABRIK GMBH |
|
Business Number |
14383318 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
GUENNE WEBMASCHINENFABRIK GMBH |
|
Business Number |
14383318 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
|
|
Business Number |
14383417 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
|
|
Business Number |
14383417 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
GTP GREENVILLE INC |
|
Business Number |
14383516 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
GTP GREENVILLE INC |
|
Business Number |
14383516 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
GTP |
|
Business Number |
14383615 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
GTP |
|
Business Number |
14383615 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
GLOBAL TEXTILE PARTNER DE MEXICO S.A. DE C.V. |
|
Business Number |
14383714 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
GLOBAL TEXTILE PARTNER DE MEXICO S.A. DE C.V. |
|
Business Number |
14383714 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
PROFERRO NV |
|
Business Number |
438243426 |
|
Share Percentage |
99.99 |
|
Annual Accounts Date |
01/12/2009 |
|
Subsidiary |
|
|
Company Name |
VERBRUGGE NV |
|
Business Number |
441554490 |
|
Share Percentage |
99.99 |
|
Annual Accounts Date |
01/12/2009 |
|
Subsidiary |
|
|
Company Name |
MELOTTE NV |
|
Business Number |
407155421 |
|
Share Percentage |
99.96 |
|
Annual Accounts Date |
01/12/2009 |
|
Subsidiary |
|
|
Company Name |
PSICONTROL MECHATRONICS NV |
|
Business Number |
437446145 |
|
Share Percentage |
99.90 |
|
Annual Accounts Date |
01/12/2009 |
|
Subsidiary |
|
|
Company Name |
SYNDICAAT VAN BELGISCHE TEXTIELMACHINEBOUWERS CVBA |
|
Business Number |
403038859 |
|
Share Percentage |
27 |
|
Annual Accounts Date |
01/12/2009 |
|
Subsidiary |
|
|
Company Name |
BEDRIJVENCENTRUM WESTHOEK NV |
|
Business Number |
430383258 |
|
Share Percentage |
12.82 |
|
Annual Accounts Date |
01/12/2009 |
Court Data
|
Protested Bills |
|
|
Drawee Name |
-- |
|
Drawee Address |
-- |
|
Bill Amount |
|
|
Bill Currency |
-- |
|
Maturity of Bill (month) |
|
|
Name of Drawer |
-- |
|
City of |
-- |
|
NSSO Details |
|
|
Business Number |
|
|
Name of Defendant |
-- |
|
Legal Form of Defendant |
-- |
|
Date of Summons |
|
|
|
-- |
|
Bankruptcy Data |
|
There is no bankruptcy data against this company. |
Directors
|
Company Director |
|
|
Full Name |
PATRICK STEVERLYNCK |
|
Position |
Director |
|
Address |
33 CANADALAAN |
|
Postal Code |
8902 |
|
Country |
-- |
|
Company Director |
|
|
Full Name |
LUC TACK |
|
Position |
Managing director |
|
Address |
0 |
|
Postal Code |
0 |
|
Country |
-- |
|
Company Director |
|
|
Full Name |
THE MARBLE BVBA |
|
Position |
Chairman of the board |
|
Address |
131 BERCHEMWEG OUDENAARDE |
|
Postal Code |
9700 |
|
Country |
-- |
|
Company Director |
|
|
Full Name |
L.M.C. NV |
|
Position |
Director |
|
Address |
3 MEIWEG |
|
Postal Code |
8500 |
|
Country |
-- |
|
Company Director |
|
|
Full Name |
MEERWAARDE, OMNIPRESENCE, SYMPATHIE & TRIAL |
|
Position |
Director |
|
Address |
66 DRIELINDENBAAN MERCHTEM |
|
Postal Code |
1785 |
|
Country |
-- |
|
Company Director |
|
|
Full Name |
TACAN BVBA |
|
Position |
Director |
|
Address |
8 NEVELSE WARANDE SINT-MARTENS-LATEM |
|
Postal Code |
9830 |
|
Country |
-- |
|
Company Director |
|
|
Full Name |
H.R.V. NV |
|
Position |
Vice chairman |
|
Address |
2 FAIRYBANKHELLING KOKSIJDE |
|
Postal Code |
8670 |
|
Country |
-- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.22 |
|
|
1 |
Rs.72.26 |
|
Euro |
1 |
Rs.63.90 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.