MIRA
INFORM REPORT
|
Report Date : |
30.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
WOOD WORKERS |
|
|
|
|
Registered
Office : |
19, New Market, Hazratganj, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Year of
Establishment : |
1997 |
|
|
|
|
PAN No.: [Permanent Account No.] |
ACKPD9845Q |
|
|
|
|
Legal Form : |
Sole Proprietory Concern. |
|
|
|
|
Line of Business
: |
Contract/ Sale of Wooden
Furniture. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Concern |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively small concern in its field. Proprietor is reported
to be experienced and respectable personnel. Trade relations are fair. The
valuation report provided is of lower value than the proposal amount. The
networth statement however seems to be satisfactory. It would be advisable to take adequate securities while dealing with
the subject. |
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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
|
|
|
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
19, New Market, Hazratganj, |
|
Mobile No.: |
91-9208011052 (Mr. Anil Dixit) |
|
Area : |
2000 Sq. ft. |
|
Location : |
Rented |
|
|
|
|
Workshop : |
Oriental Motor Corporation, Hazratganj, |
|
Area : |
4000 Sq. Ft. |
|
Location : |
Rented |
SOLE PROPRIETOR
|
Name : |
Mr. Anil Dixit |
|
Designation : |
Proprietor |
|
Address : |
Flat No.713 – A, Kasmanda Regent Apartment, |
|
Date of Birth/Age : |
42 years |
|
Qualification : |
Graduate |
BUSINESS DETAILS
|
Line of Business : |
Contract/ Sale of Wooden Furniture. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 days) |
GENERAL INFORMATION
|
Customers : |
Government Contract |
|
|
|
|
No. of Employees : |
15 |
|
|
|
|
Bankers : |
· Corporation Bank |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Shailendra Pandey and Associates Chartered Accountant |
|
Address : |
D – 1/344, Sector – F, Jankipuram, |
|
Tel. No.: |
91-522-4028848 |
|
Mobile no.: |
91-9936730451 |
CAPITAL STRUCTURE
PROPRIETOR’S
CAPITAL ACCOUNT
(RS.
IN MILLIONS)
|
Particulars |
31.03.2010 |
|
|
|
|
Opening Balance |
0.718 |
|
Add:
Introduction |
0.000 |
|
|
|
|
Add: Profit in
Year |
0.826 |
|
|
|
|
Less: Drawings |
0.276 |
|
|
|
|
Total |
Rs. 1.268 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1.268 |
0.718 |
0.702 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1.268 |
0.718 |
0.702 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.015 |
0.968 |
1.513 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
1.015 |
0.968 |
1.513 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2.283 |
1.686 |
2.215 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.075 |
0.085 |
0.099 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.940
|
0.675 |
0.378 |
|
|
Sundry Debtors |
1.894
|
0.844 |
1.238 |
|
|
Cash & Bank Balances |
0.034
|
0.155 |
0.162 |
|
|
Other Current Assets |
0.309
|
0.000 |
0.044 |
|
|
Loans & Advances |
0.000
|
0.000 |
0.548 |
|
Total
Current Assets |
3.177
|
1.674 |
2.370 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
0.000
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
0.969
|
0.073 |
0.254 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
0.969
|
0.073 |
0.254 |
|
|
Net Current Assets |
2.208
|
1.601 |
2.116 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2.283 |
1.686 |
2.215 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
14.950 |
3.267 |
5.716 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL |
14.950 |
3.267 |
5.716 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
7.426 |
1.572 |
2.714 |
|
|
|
Labour Charges |
5.656 |
1.121 |
1.975 |
|
|
|
Direct Expenses |
0.056 |
0.056 |
0.020 |
|
|
|
Material Consumed |
0.000 |
0.063 |
0.242 |
|
|
|
Freight Outward |
0.091 |
0.002 |
0.030 |
|
|
|
Electrical and Fuel |
0.066 |
0.015 |
0.025 |
|
|
|
Salary |
0.252 |
0.012 |
0.138 |
|
|
|
Staff Welfare |
0.065 |
0.082 |
0.026 |
|
|
|
Traveling Expenses |
0.045 |
0.009 |
0.018 |
|
|
|
Local Conveyance |
0.072 |
0.027 |
0.022 |
|
|
|
Office Rep[airs and Maintenance |
0.060 |
0.002 |
0.011 |
|
|
|
Accounting Charges |
0.060 |
0.006 |
0.036 |
|
|
|
Other Expenses |
0.264 |
0.026 |
0.157 |
|
|
|
TOTAL |
14.113 |
2.993 |
5.414 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.837 |
0.274 |
0.302 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
0.011 |
0.013 |
0.015 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
0.826 |
0.261 |
0.287 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
5.53
|
7.99 |
5.02 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.53
|
7.99 |
5.02 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
25.40
|
14.84 |
11.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.65
|
0.36 |
0.41 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.76
|
1.45 |
2.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.28
|
22.93 |
9.33 |
LOCAL AGENCY FURTHER INFORMATION
BALANCE
SHEET
(RS. IN MILLIONS)
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2012 |
|
|
|
|
(Estimated) |
(Projected) |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
2.266 |
3.479 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
2.266 |
3.479 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
3.000 |
3.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
3.000 |
3.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
5.266 |
6.479 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.064 |
0.056 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
1.500 |
2.000 |
|
|
Sundry Debtors |
|
2.700 |
4.000 |
|
|
Cash & Bank Balances |
|
0.027 |
0.353 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
1.800 |
0.700 |
|
Total
Current Assets |
|
6.027 |
7.053 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
|
0.825 |
0.630 |
|
|
Provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities |
|
0.825 |
0.630 |
|
|
Net Current Assets |
|
5.202 |
6.423 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
5.266 |
6.479 |
|
PROFIT
& LOSS ACCOUNT
(RS. IN MILLIONS)
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2012 |
|
|
|
SALES |
|
(Estimated) |
(Projected) |
|
|
|
|
Income |
|
25.000 |
30.000 |
|
|
|
Other Income |
|
0.000 |
0.000 |
|
|
|
TOTAL |
|
25.000 |
30.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
13.440 |
15.500 |
|
|
|
Labour Charges |
|
8.780 |
11.000 |
|
|
|
Direct Expenses |
|
0.080 |
0.100 |
|
|
|
Material Consumed |
|
0.000 |
0.000 |
|
|
|
Freight Outward |
|
0.150 |
0.175 |
|
|
|
Electrical and Fuel |
|
0.100 |
0.110 |
|
|
|
Salary |
|
0.420 |
0.450 |
|
|
|
Staff Welfare |
|
0.090 |
0.095 |
|
|
|
Traveling Expenses |
|
0.065 |
0.075 |
|
|
|
Local Conveyance |
|
0.115 |
0.125 |
|
|
|
Office Rep[airs and Maintenance |
|
0.125 |
0.130 |
|
|
|
Accounting Charges |
|
0.072 |
0.048 |
|
|
|
Other Expenses |
|
0.230 |
0.471 |
|
|
|
TOTAL |
|
23.667 |
28.279 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
1.333 |
1.721 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.010 |
0.008 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
1.323 |
1.713 |
|
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
NAME
OF THE APPLICANT: MR. ANIL DIXIT
NAME
OF THE GUARANTOR: MR. J. K. WAHAL
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE
PROPERTIES
|
Particulars
|
Applicant |
Guarantor |
|
Address of the Property with Survey No./
door No. etc. |
D – 15 Park,
Hazratganj, Flat No.713-A,
Hazratganj, |
-- |
|
|
|
|
|
Description: Land/ Site/ Building |
Residential Residential |
-- |
|
|
|
|
|
Whether Freehold/ Leasehold |
Freehold Freehold |
-- |
|
|
|
|
|
Type of Property Commercial/ Residential/ Agricultural |
Residential Residential |
-- |
|
|
|
|
|
Area Extent of Land |
3600 sq. ft. 911 sq. ft. |
-- |
|
|
|
|
|
Present
Market / Assessed value |
7.500= 1/3 Shares = 2.500 =3.500 |
-- |
INVESTMENT
IN BUSINESS CAPITAL
|
Name of the Company / Firm/ concern in
which of investment is made |
Wood workers |
-- |
|
|
|
|
|
Date of Investment |
31.03.2010 |
-- |
|
|
|
|
|
Present
Value of investment |
1.268 |
0.300 |
DEPOSITS
HELD WITH BANKS/ COMPANIES/ OTHER LENDER ETC.
|
Present
Value of Deposits |
Rs.0.100 Million |
-- |
SHARES/
DEBENTURES/ MUTUAL FUNDS/ UNITS ETC.
|
Description |
-- |
Share/
Debentures |
|
|
|
|
|
Date of Purchases |
-- |
1984 |
|
|
|
|
|
Face Value |
-- |
2400 (240 x
Rs.10/-) |
|
|
|
|
|
Present
Value |
-- |
0.022 |
LIFE
INSURANCE POLICIES
|
Policy Number |
Various |
-- |
|
|
|
|
|
Date of Policy |
-- |
-- |
|
|
|
|
|
Annual Premium |
0.110 |
-- |
|
|
|
|
|
Sum
Assured |
5.000 |
-- |
|
|
|
|
|
Surrender
Value |
1.000 |
-- |
VEHICLES
OWNED
|
Present
Market Value |
0.100 |
-- |
OTHERS
ASSETS
|
Furniture and Fixtures |
0.100 |
0.400 |
|
|
|
|
|
Cash in Hand |
0.100 |
0.030 |
|
|
|
|
|
Jewellery |
0.200 |
0.600 |
|
|
|
|
|
Total
Value of Other Assets |
0.400 |
1.030 |
|
TOTAL
ASSETS |
Rs.8.868 Millions |
Rs.1.352 Millions |
------------------------------------------------------------------------------------------------------------------------------
PROPERTY VALUATION REPORT
GENERAL
INFORMATION
|
Name of the Party/Purchaser and Address |
Mr. Anil Dixit S/o Mr. Virendra Nath Dixit R/o D- 15, |
||||||||
|
|
|
||||||||
|
Name/s of the reported owner! Name/s of persons in whose name/s the
property registered and address |
Mr. Anil Dixit S/o Mr. Virendra Nath Dixit R/o D- 15, |
||||||||
|
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|
||||||||
|
Purpose of Valuation |
Banking Loan |
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List of Documents produced for perusal |
Photocopy of |
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|
||||||||
|
Date of Inspection |
23.12.2010 |
||||||||
|
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|
||||||||
|
Date of Valuation |
23.12.2010 |
||||||||
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|
|
||||||||
|
Approximate distance from the branch/Hub to the property |
3 Km |
||||||||
|
|
|
||||||||
|
Situation/ Location/ Brief description of the land/ site and brief
description of the building |
It is a Flat at Seventh Floor of Kasmanda Regent Apartments Situated
at 2, Property Address
:
Flat No 713 A, Kasmanda Regent Apartment, 2, |
||||||||
|
|
|
||||||||
|
Boundaries of the property |
|
||||||||
|
North South East West |
Open Area of Kasmanda Apartment Flat No. 714 Open Area of Kasmanda Apartment Flat No. 713 B |
||||||||
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|
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|
Property Tax Details |
N.K. |
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|
||||||||
|
Assuming the entire property is let out, the probable monthly rent and
advance building rent |
-- |
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|
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|
Whether the building plan has been approved? |
As per the |
||||||||
|
If yes, Date of approval, approving authority, and whether the
building has been constructed as per the approved plan |
-- |
||||||||
|
If No, the reason for non approval |
-- |
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|
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|
General Remarks |
The Property is tenanted at present |
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|
VALUATION
DETAILS: LAND |
|
||||||||
|
The total Area (Extent) of the site/ Flat |
|
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|
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|
Description of the site/ land |
|
||||||||
|
Character of Locality |
Good |
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|
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|
Classification |
Middle Class |
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|
||||||||
|
Development of surrounding areas |
Developed |
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|
|
|
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|
Is the locality subjected to frequent
flooding |
No |
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|
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|
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|
Feasibility to the civic amenities like
School. Hospital, Offices, Markets etc. |
All Civic amenities within 3-5 Km.
|
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|
|
|
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|
Shape of the Land |
Rectangular |
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|
Type of use to which it can be put |
Residential |
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|
Any other restriction of usage |
Permitted only for residential usage |
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|
Nature of right, whether leasehold/
freehold |
As per legal advice |
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|
Road Facility |
Yes |
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|
|
|
||||||||
|
Is it a corner plot |
Intermittent |
||||||||
|
|
|
||||||||
|
Water supply/potentiality |
Yes |
||||||||
|
|
|
||||||||
|
Underground sewerage system |
Yes |
||||||||
|
|
|
||||||||
|
General remarks |
The prevalent Market rate for this kind of flat is around Rs. 30,000/M2,
but as the building is around 10 years old but situated at a very prime location
near Hazratganj Crossing Adj to Allahabad Bank Main Building Premises hence
considering the depreciation factor the rate of Rs.27000/M2 Has
been considered for valuation purposes |
||||||||
|
|
|
||||||||
|
Unit rate adopted in this valuation |
At |
||||||||
|
|
|
||||||||
|
84.67 M2 @ Rs.20,000/M2 (Circle Rate) |
Rs.1.693 Millions |
||||||||
|
|
|
||||||||
|
84.67 M2 @ Rs.27000/M2 (Market Rate) |
Rs.2.286 Millions |
Hence Present
Value of
Flat No.713 A, Kasmanda Regent Apartment,
= Rs.2.286 Millions
Forced Sales Value
= 80% of Estimated Fair Market Value
80% of Rs.2.286
Millions
= Rs.1.829
Millions
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
·
Rajkiya Nirman Nigam Limited,
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.44.38 |
|
|
1 |
Rs.73.87 |
|
Euro |
1 |
Rs.65.83 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.