MIRA
INFORM REPORT
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Report Date : |
17.08.2011 |
IDENTIFICATION DETAILS
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Name : |
GEECY ENGINEERING PRIVATE LIMITED |
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Registered Office : |
Plot No.33-A, Mahapet TTC, MIDC, Navi Mumbai – 400701, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
13.06.1991 |
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Com. Reg. No.: |
11-062054 |
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Capital Investment
/ Paid-up Capital : |
Rs.5.000 Millions |
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CIN No.: [Company
Identification No.] |
U27100MH1991PTC062054 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMG06493E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of engineering items such as heat exchangers,
pressure vessel, etc. |
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No. of Employees
: |
60 [In Office] Approximately |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (49) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 735000 |
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Status : |
Good |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established company having satisfactory track. The company is doing well. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered normal 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.
INFORMATION PARTED BY
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Name : |
Mr. Gajanan Boga |
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Designation : |
Accounts Manager |
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Contact No.: |
91-9820617201 / 91-22-41570206 |
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Date : |
12.08.2011 |
LOCATIONS
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Registered Office/ Factory: |
Plot No.33-A, Mahapet, TTC, MIDC, Near |
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Tel. No.: |
91-22-27782403 / 04 / 05 / 55901381 |
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Mobile No.: |
91-9820036335 (Mr. Manoj
Ruparel) |
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Fax No.: |
91-22-55901890 / 27780093 |
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E-mail: |
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Website : |
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Area : |
17000 Sq.ft. |
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Location: |
Leased |
DIRECTORS
As on 30.09.2010
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Name : |
Mr. Manoj Mulji Ruparel |
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Designation : |
Director |
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Address : |
2, Land Mark, Ground Floor, |
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Date of Birth/Age : |
15.01.1953 |
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Date of Appointment : |
13.06.1991 |
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DIN : |
01724577 |
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Name : |
Ms. Neeta Manoj Ruparel |
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Designation : |
Director |
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Address : |
2, Land Mark, Ground Floor, |
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Date of Birth/Age : |
10.09.1956 |
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Date of Appointment : |
13.06.1991 |
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DIN : |
01724612 |
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Name : |
Mr. Moiz Kutbuddin Adenwala |
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Designation : |
Director |
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Address : |
B-06/1302, |
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Date of Birth/Age : |
19.06.1958 |
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Date of Appointment : |
01.04.1944 |
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DIN : |
01724689 |
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Name : |
Ms. Darshana Jignesh Kothari |
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Designation : |
201, Sai Aangan, 609/A, |
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Address : |
20.01.1983 |
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Date of Appointment : |
15.01.2007 |
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DIN : |
02070840 |
KEY EXECUTIVES
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Name : |
Mr. Gajanan Boga |
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Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
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Names of Shareholders |
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No. of Shares |
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Ruparel Mulji Manoj |
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46800 |
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Ruparel Manoj Neeta |
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2000 |
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Brijlani Motilal Vrajlal |
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1112 |
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Ruparel Mulji Jamnaben |
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2 |
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Ruparel Dugarshi Mulji |
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2 |
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Ruparel Dugarshi Mulji - HUF |
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2 |
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Ruparel Mukesj Jyoti |
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2 |
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Manek R.S. |
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2 |
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Jain Abhishek |
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2 |
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Joshi Balmukund Harsha |
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2 |
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Yadava Premji Dilip |
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2 |
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Jain K Sanjay |
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2 |
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Shah L Ketan |
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2 |
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Manek Bharat Hardik |
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2 |
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Jain Pawan |
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2 |
As on 30.09.2010
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Names of Shareholders |
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Percentage of
Holding |
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Directors or relatives of directors |
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97.00 |
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Other top 50 shareholders |
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3.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of engineering items such as heat exchangers,
pressure vessel, etc. |
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Products : |
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Exports |
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Products : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
L/C, Credit |
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Purchasing : |
Cash, Credit, TT |
GENERAL INFORMATION
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Customers : |
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No. of Employees : |
60 [In Office] Approximately |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Bhavesh R Dalal and Company Chartered Accountants |
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Address : |
40, |
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Tel. No. : |
91-22-26774681 / 26287633 |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50,000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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50,000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
5.000 |
2.000 |
2.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
178.761 |
153.258 |
130.210 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
183.761 |
155.258 |
132.210 |
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LOAN FUNDS |
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1] Secured Loans |
2.098 |
40.373 |
4.131 |
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2] Unsecured Loans |
3.323 |
18.284 |
20.716 |
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TOTAL BORROWING |
5.421 |
58.657 |
24.847 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
189.182 |
213.915 |
157.057 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
37.223 |
42.328 |
15.067 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
21.541 |
0.049 |
0.050 |
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DEFERREX TAX ASSETS |
2.126 |
0.811 |
0.175 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
64.512
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106.383 |
24.184 |
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Sundry Debtors |
72.661
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71.070 |
104.405 |
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Cash & Bank Balances |
11.052
|
3.206 |
0.044 |
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Other Current Assets |
126.912
|
139.427 |
129.761 |
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Loans & Advances |
0.000 |
0.000 |
0.000 |
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Total
Current Assets |
275.137
|
320.086 |
258.394 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
106.815
|
74.726 |
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Sundry Creditors |
20.532
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21.924 |
50.658 |
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Provisions |
19.654
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52.854 |
65.979 |
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Total
Current Liabilities |
147.001
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149.504 |
116.637 |
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Net Current Assets |
128.136
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170.582 |
141.757 |
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MISCELLANEOUS EXPENSES |
0.156 |
0.145 |
0.008 |
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TOTAL |
189.182 |
213.915 |
157.057 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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Income |
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Other Income |
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TURNOVER |
349.854 |
304.134 |
433.489 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
295.389 |
258.742 |
365.542 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
54.465 |
45.392 |
67.947 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
11.078 |
7.240 |
3.672 |
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PROFIT BEFORE
TAX |
43.387 |
38.152 |
64.275 |
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Less |
TAX |
15.884 |
15.104 |
22.774 |
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PROFIT AFTER TAX
|
27.503 |
23.048 |
41.501 |
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Earnings Per
Share (Rs.) |
550 |
1152 |
2075 |
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Particulars |
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31.03.2011 |
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Sales Turnover (Approximately) |
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|
600.000 |
The above information has been parted by Mr. Gajanan Boga [Accounts Manager]
KEY RATIOS
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PARTICULARS |
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31.03.2010 |
31.03.2009 |
31.03.2008 |
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PAT / Total Income |
(%) |
7.86
|
7.58 |
9.57 |
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Net Profit Margin (PBT/Sales) |
(%) |
12.40
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12.54 |
14.83 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
13.89
|
10.53 |
23.50 |
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Return on Investment (ROI) (PBT/Networth) |
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0.24
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0.24 |
0.48 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.83
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1.34 |
1.07 |
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Current Ratio (Current Asset/Current Liability) |
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1.87
|
2.14 |
2.21 |
LOCAL AGENCY FURTHER INFORMATION
Trade
Reference
- VVF Limited -
Mumbai
- SI Group
Commercial Activity : the company is Manufacturing heat exchangers and pressure vessel.
Sundry Creditors
[Partial Details]
(Rs.in millions)
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
A
G Sales( |
0.011 |
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A.K.
Enterprisas (Phenyl Party) |
0.002 |
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Balaji
Crane Services |
0.016 |
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Bhavesh
R Dalal and Company |
0.315 |
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Carol
Petroleum Private Limited |
0.026 |
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Chaudhary
Hammer Works Limited |
0.314 |
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Crystal
Industrial Syndicate Private Limited |
0.020 |
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Dev
Electricals |
0.003 |
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Dharmaraj
Trading Company |
0.016 |
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Echjay
Industries Private Limited |
2.640 |
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Exim
Pest Control |
0.002 |
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Famous
Machine Tools |
0.038 |
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Geeey
Industrial Services Private Limited ( Crs.) |
0.152 |
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Gujarat
Engineering Company |
0.094 |
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Haridas
Instruments and Equipments Company |
0.004 |
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Harilal
and Company |
0.114 |
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Indo
Therm Engireers Private Limited |
0.272 |
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Infant
J and sus Solutions |
0.005 |
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Jaj
Santoshi Mata Tempo Service |
0.005 |
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Jay
Gaskets Private Limited |
0.068 |
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J.D,
Logistics |
0.106 |
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Kalyani
M. Desai |
0.001 |
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Kataria
Logitrans |
0.260 |
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Khan
Fabrication Worths |
0.126 |
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Laxmi
Laminates |
0.005 |
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Leo's
Brigade |
0.024 |
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Mac
Well Enterprises |
0.047 |
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Mahalaxmi
( Jai Maharashtra) Restaurant |
0.023 |
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National
Safety Council |
0.001 |
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Offshore
Testing and Insp. Services ( |
0.138 |
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Weldeep |
0.006 |
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Durgesh
Logistics (Import) |
0.251 |
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Bajaj
Alltanz Gen. Insurance Company Limited (lmport)(Trading Division) |
0.001 |
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Knauf
A M F Gmbh and Company KG, |
4.161 |
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Total |
20.532
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21.924 |
NA |
Bankers Charges
Report as per Registry
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Corporate
identity number of the company |
U27100MH1991PTC062054 |
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Name of the
company |
GEECY ENGINEERING
PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
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This form is for |
Modification
of charge |
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Charge
identification (ID) number of the charge to be modified |
90231176 |
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Type of charge |
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Particular of
charge holder |
Bank of |
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Nature of
instrument creating charge |
Supplemental
Memorandum of Entry |
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Date of
instrument Creating the charge |
04.05.2011 |
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Amount secured by
the charge |
Rs.257.000
millions |
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Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest
- Interest to be charged as per sanction/review of the account from time to
time. Extent and Operation
of the charge - The charge is modified and increased up to Rs.257.000
millions to cover Line of Credit (CC-cum-LC) - Rs.87.000 millions {sub-limit
Inland DA/DP LC upto 90 days - Rs.75.000 millions, Import DA/DP LC up to 180
days - Rs.15.000 millions}, Bank Guarantee Rs.170.000 millions {sub-limit
Advance Payment Guarantee - Rs.20.000 millions} together with interest,
compound interest, interest tax, additional/further interest in case of
default, penal interest, commission, liquidated damages, costs, charges, expenses, money etc.
payable to Bank. |
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Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
All that piece or
parcel of land known as Plot No. 33, TTC Industrial Area, Mahape, Navi
Mumbai, together with building and structures constructed thereon along with
plant and machinery embedded to earth to be erected in future. |
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Date of
instrument modifying the charge |
26.12.2008 |
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Particulars of
the present modification |
The charge is
modified and increased up to Rs.257.000 millions to cover Line of Credit
(CC-cum-LC) - Rs.87.000 millions {sub-limit Inland DA/DP LC upto 90 days -
Rs.75.000 millions, Import DA/DP LC up to 180 days - Rs.15.000 millions},
Bank Guarantee Rs.170.000 millions {sub-limit Advance Payment Guarantee -
Rs.20.000 millions}. |
Form 8
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Name of the company |
GEECY
ENGINEERING PRIVATE LIMITED |
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Presented By |
Mr. Manoj M Ruparel, Director |
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1) Date and description of instrument creating the change |
Composite hypothecation agreement dated 22.05.2003 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs.15.000 millions Working capital facilities Break up facilities
Company allowed to use bank guarantee limit up to Rs.12 millions against earmarking LC Limit |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Hypothecation of stocks both present and future of raw materials, work in process semi finished goods and finished goods such as SS Plates, M S Plates, M S Pipes, Flanges and fittings electrodes, Packing materials and stores etc.
Present and future book debts, monies receivable, claims bills etc.
All tangible movable machinery and plant with spares, tolls and accessories both present and future and furniture and fittings etc.
All tangible movable machinery and plant with spares, tools and accessories both present and future and fittings etc, lying A-33, MIDC, TTC Industrial Area, Mahape, Navi Mumbai and such other security more particularly specified in second schedule to the agreement. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Cash Credit – Rate of interest – 0.50% over PLR or minimum 11.5% p.a., Margin 25% on stocks and 50% on book debts.
LC – Commission on import/ Inland LC as oer Banks FEDAI rules, Margin 25% Inland Bank Guarantee – Commission as per bank rules. Margin 25%
Charge to cover all outstandings sums, interest, costs ad charges payable by the company to the bank. |
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5) Name and Address and description of the person entitled to the charge. |
Bank of Baorda, Thane (West) Branch |
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6) Date and brief description of instrument modifying the charge |
Composite Hypothecation agreement dated 14.01.2005 |
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7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
By this first modification the bank has provided additional facility to the extent of Rs.12.000 millions thereby increasing the overall charge from Rs.12.000 millions to Rs.27.000 millions Break up Facilities :
Company allowed to utilize bank guarantee limit upto Rs.24.000 millions against earmarking LC Limit.
The above credit facility are further secured By Equitable mortgage of factory land and building at plot No.33A, TTC Industrial Area, Mahape, Navi Mumbai
Hypothecation fo stocks, book debts, plant and machinery of the company.
Personnel Guarantee of Mrs. Manoj M Ruparel and Mrs. Neeta M Ruparel
Cash Credit – Rate of interest – 0.75% below PLR i.e. 9.75%, Margin 25% on stocks and 50% on book debts.
LC- Commission import/Inland LC as er Banks rules, Margin 25 Cash margin % Inland Bank Guarantee – Commission as per bank rules, Margin 25% Cash margin
Charge to cover all outstanding sums, Interest, costs and charges payable by the company to the bank. |
|
This Form is for |
Modification of charge |
|
Charge identification
number of the charge to be modified |
90231176 |
|
Corporate
identity number of the company |
U27100MH1991PTC062054 |
|
Name of the
company |
GEECY
ENGINEERING PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
2, Land Mark, Ground Floor, |
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Type of charge |
Immovable Property |
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Particular of
charge holder |
Bank of Thane West
Branch, |
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Nature of
description of the instrument creating or modifying the charge |
Supplemental
memorandum of entry |
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Date of
instrument Creating the charge |
23.03.2007 |
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Amount secured by
the charge |
Rs. 113.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Extent and
operation of the charge The charge is
created to secure the due repayment of Cash Credit limit of Rs. 6.000 Millions,
Bank Guarantee limit of Rs. 53.500 Millions and letter of credit limit of Rs.
53.500 Millions aggregating to Rs. 113.000 Millions together with interest,
compound interest, interest tax,
additional interest in case of default, penal interest, commission,
liquidated damages, premium on pre-payment or on redemption costs, charges,
expenses and other moneys payable by the company to the bank. |
|
Short particulars
of the property charged |
All that piece or
parcel of land known as Plot No. 33, TTC Industrial area, Mhape, Navi
Mumbai. Together with building and
structure constructed thereon along with plant and machinery embedded to earth erected to/be
erected in future. |
|
Date of latest
modification prior to the present modification |
20.06.2006 |
|
Particulars of
the present modification |
The charge is
increased upto Rs. 113.000 Millions to cover cash credit limit of Rs. 6.000
Millions. Bank guarantee limit of Rs.
53.500 Millions and letter of credit limit of Rs. 53.500 Millions |
FIXED ASSETS :
·
Land & Building
·
Plant and Machinery
·
Furniture
·
Office Equipments
·
Electrical Installations
·
Fan
·
Vehicles
Website Details :
Compnay Profile
Subject is a medium sized heavy fabrication shop supplying mainly Heat Exchangers, Cladded Columns and Vessels specialized in SS, HIC, DUPLEX, MONEL, NICKEL AND TITANIUM.
Geecy Engineering has ISO 9001 : 2000 and ASME 'U' and 'U2' Stamp
certification adding value to their equipment.
The recent addition of a CNC BTA drilling M/C capacity to drill 4500mm diameter
and thickness up to 1000mm has yet added another to in-house advantage in
catering large exchangers with heavy thickness tube sheets.
Geecy is committed to meet the customer demands with full work experience in
quality and timely deliveries of equipment to refineries, petrochemicals
fertilizer and chemical projects in
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 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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.24 |
|
|
1 |
Rs.73.88 |
|
Euro |
1 |
Rs.65.06 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
26 |
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%)
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.