MIRA INFORM REPORT

Report Date :

15.11.2011

IDENTIFICATION DETAILS

Name :	S. K. POLY FOAMS PRIVATE LIMITED (w.e.f. 23.12.2008)
Formerly Known As :	S. K. TRADE LINKS PRIVATE LIMITED
Registered Office :	BF-16 2nd Floor, Tagore Garden, Delhi – 110 027
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	10.02.2004
Com. Reg. No.:	55-124582
Capital Investment / Paid-up Capital :	Rs.8.675 Millions
CIN No.: [Company Identification No.]	U51909DL2004PTC124582
TAN No.: [Tax Deduction & Collection Account No.]	DELS35394C
PAN No.: [Permanent Account No.]	AAJCS0444C
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Polyurethan Foam, Foam Mattresses and Other kind of mattresses
No. of Employees :	76 (Approximately) (In Factory 20 + In Factory 56)

RATING & COMMENTS

MIRA’s Rating :

B (31)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track. The company has improved its performance in the year 2009-10. Trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The company can be considered for small to mediocre business dealings at usual trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INFORMATION PARTED BY

Name :	Mr. Vishnu Agarwal
Designation :	Director
Contact No.:	91-9414254311
Date :	14.11.2011

LOCATIONS

Registered Office :	BF-16 2nd Floor, Tagore Garden, Delhi – 110 027, India
Tel. No.:	91-141-2240074 / 73
Mobile No.:	91-9414254311 (Mr. Vishnu Agarwal)
Fax No.:	Not Available
E-Mail :	vrkasso@yahoo.co.in
Factory :	F-133-136, Bindayaka Industrial Area, Sirsi Road, Jaipur – 302 017, Rajasthan, India
Tel. No.:	91-141-2240074
Fax No.:	91-141-2240073

DIRECTORS

As on 30.09.2010

Name :	Mr. Sukhdip Singh Khurana
Designation :	Director
Address :	BF-16, Tagore Garden, New Delhi – 110 027, India
Date of Birth/Age :	06.08.1965
Date of Appointment :	15.03.2008
DIN No.:	00210987

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U51909WB1978PTC031553	Coirfoam (India) Private Limited	Director	29-09-97	29-09-97	-	Active	NO
2	U51909DL2004PTC124582	S. K. Poly Foams Private Limited	Director	30-09-08	15-03-08	-	Active	NO
3	U36101RJ2005PTC021581	Select Poly Products Private Limited	Director	15-09-08	01-07-08	-	Active	NO
4	U19115DL2007PTC169811	Cozy Touch Poly Foams India Private Limited	Director	01-03-11	01-03-11	-	Active	NO

Name :	Mr. Vishnu Swaroop Agarwal
Designation :	Director
Address :	B-11, Sambhar House, Shivaji Marg, Devi Path, Nehru Nagar, Jaipur – 302 016, Rajasthan, India
Date of Birth/Age :	21.04.1959
Date of Appointment :	15.03.2008
DIN No.:	00268353

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U45201RJ2005PTC021179	Joy Bharat Buildhome Private Limited	Director	12-09-05	12-09-05	-	Active	NO
2	U36101RJ2005PTC021581	Select Poly Products Private Limited	Director	10-01-08	10-01-08	-	Active	NO
3	U51909DL2004PTC124582	S. K. Poly Foams Private Limited	Director	30-09-08	15-03-08	-	Active	NO
4	U45201RJ2011PTC035616	Royal Concept Developers Private Limited	Director	23-06-11	23-06-11	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2010

Names of Shareholders	No. of Shares
Santosh Kumar Aggarwal	1000
Bimla Devi Aggarwal	100
Jai Prakash Aggarwal	1100
Mamta Aggarwal	1100
Sukhdip Singh Khurana	133400
Gurmeet Khurana	1300
lnderjeet Singh Khurana	801100
Jatinder Khurana	100
Vishnu Swaroop Aggarwal	40600
Vinod Kumar Aggarwal	40600
Vimlesh Kumar Aggarwal	40590
Vijay Kumar Aggarwal	40600
Vinay Kumar Aggarwal	40600
Geeta Devi Aggarwal	317800
Dwarka Prashad Aggarwal	40010
Total	1500000

As on 30.09.2010

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Polyurethan Foam, Foam Mattresses and Other kind of mattresses

Products :

Product Description	Item Code No.(ITC Code)
Polyurethan Foam, Foam Mattresses and Other kind of mattresses	94

Imports :

Products :

Chemicals

Countries :

• Korea
• Poland
• China

Terms :

Purchasing :

L/C and Cash

PRODUCTION STATUS

As on 31.03.2010

Particulars
Licensed Capacity	Max Foaming Machine	900 Mertic Ton per annum for Max Foaming Machine (Under Air Act 1981 and Water Act 1974)
	Circular Cutting Machine	NA
Installed Capacity	Max Foaming Machine	Max Foaming Machine (130-370 Kg per minute
	Circular Cutting Machine	Cutting of Foam @70-100 mts per minute
Actual Production	Max Foaming Machine	Production has not started till 31.03.2009
	Circular Cutting Machine	Cutting foams 14.447 tons

GENERAL INFORMATION

No. of Employees :

76 (Approximately) (In Factory 20 + In Factory 56)

Bankers :

Punjab National Bank, SSI Branch, VKIA, Jaipur – 302 017, Rajasthan, India

Facilities :

Secured Loan	As on 31.03.2010 (Rs. in Millions)	As on 31.03.2009 (Rs. in Millions)
1. Loan and Advances ham Banks :-( Punjab National Bank) (Secured against land and building, Plant and Machinery, All Stock, book debts and assets and personal guarantee of directors)
(a) Term Loan	11.900	14.711
(b) CC Limit	22.515	8.587
Total	34.415	23.298
Unsecured Loan	As on 31.03.2010 (Rs. in Millions)	As on 31.03.2009 (Rs. in Millions)
A. Short Term Loans and Advances
From Directors (Gross Interest payable Rs.0.600 Million @ 15%)	4.540	14.317
From Shareholders (Gross Interest payable Rs.1.125 Millions @ 15%)	8.640	4.877
B. Other Loans and Advances
Inter Corporate Deposits (From a company in which a Director is deemed to be interested party. Gross interest payable Rs.4.318 Millions)	12.720	10.947
Total	25.900	30.141

Banking Relations :	--
Auditors :
Name :	Vinod Rakesh and Associates Chartered Accountants
Address :	3001, 2^nd Floor, Bhagat Singh Street No.2, Chuna Mandi, Pajarganj, New Delhi – 110 055, India
Tel. No.:	91-11-23589802 / 23583611
PAN.:	AAAFV5031C
Related Parties :	Coirfoam India Private Limited Cory Touch Polyfoams India Private Limited Rose Coir foam's Private Limited Vijay Kiran Natural stones Private Limited Khurana Foam Agencies Springer Mattresses Aggarweal Associates Aggarwal Trade Agencies

CAPITAL STRUCTURE

As on 30.09.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
2000000	Equity Shares	Rs.10/- each	Rs.20.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1500000	Equity Shares	Rs.10/- each	Rs.15.000 Millions

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
2000000	Equity Shares	Rs.10/- each	Rs.20.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
867500	Equity Shares	Rs.10/- each	Rs.8.675 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		8.675	0.100	0.100
2] Share Application Money		6.325	18.000	0.000
3] Reserves & Surplus		2.618	0.000	0.000
4] (Accumulated Losses)		0.000	(0.025)	(0.035)
NETWORTH		17.618	18.075	0.065
LOAN FUNDS
1] Secured Loans		34.415	23.298	0.000
2] Unsecured Loans		25.900	30.141	27.010
TOTAL BORROWING		60.315	53.439	27.010
DEFERRED TAX LIABILITIES		0.076	0.000	0.000
TOTAL		78.009	71.514	27.075
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		52.343	24.845	0.000
Capital work-in-progress		0.353	30.320	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.086	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	10.978	8.162	0.000
	Sundry Debtors	29.881	0.748	0.000
	Cash & Bank Balances	0.239	0.903	0.086
	Other Current Assets	5.507	0.002	0.000
	Loans & Advances	11.700	14.488	27.012
Total Current Assets		58.305	24.303	27.098
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	16.099	4.224	0.000
	Other Current Liabilities	16.192	3.726	0.030
	Provisions	0.701	0.090	0.000
Total Current Liabilities		32.992	8.040	0.030
Net Current Assets		25.313	16.263	27.068
MISCELLANEOUS EXPENSES		0.000	0.000	0.007
TOTAL		78.009	71.514	27.075

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	168.044	2.671	0.000
		Other Income	1.698	0.607	NA
		TOTAL (A)	169.742	3.278	NA
Less	EXPENSES
		Material Consumed	119.200	1.436
		Merchandised Goods	0.550	0.564
		Expenses	36.619	0.659
		Preoperative and Preliminary Expenses Written Off	0.000	0.449
		(Increase) / Decrease in Goods	(1.371)	(0.297)
		TOTAL (B)	154.998	2.811	NA
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		14.744	0.467	(0.021)
Less	INTEREST AND FINANCIAL EXPENSES (D)		8.088	0.338	0.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		6.656	0.129	(0.021)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		3.912	0.116	0.000
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		2.744	0.013	(0.021)
Less	TAX (H)		0.863	0.004	0.000
	PROFIT /(LOSS) AFTER TAX (G-H) (I)		1.881	0.009	(0.021)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(0.025)	(0.034)	NA
	BALANCE CARRIED TO THE B/S		1.856	(0.025)	NA
	Earnings / (Loss) Per Share (Rs.)		128.00	0.97	(2.10)

Particulars	31.03.2011
Sales Turnover (Approximately)	200.000

Expected Sales (2011-12) : Rs.240.000 Millions

The above information has been parted by Vishnu Aggarwal.

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	1.11	0.27	NA
Net Profit Margin (PBT/Sales)	(%)	1.63	0.49	0.00
Return on Total Assets (PBT/Total Assets}	(%)	2.48	0.03	(0.08)
Return on Investment (ROI) (PBT/Networth)		0.16	0.00	(0.32)
Debt Equity Ratio (Total Liability/Networth)		5.30	3.40	416.00
Current Ratio (Current Asset/Current Liability)		1.77	3.02	903.27

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report (Yes / No)
1) Year of Establishment	YES
2) Locality of the firm	YES
3) Constitutions of the firm	YES
4) Premises details	YES
5) Type of Business	YES
6) Line of Business•	YES
7) Promoter’s background	--
8) No. of employees	YES
9) Name of person contacted	YES
10) Designation of contact person	YES
11) Turnover of firm for last three years	YES
12) Profitability for last three years	NO
13) Reasons for variation <> 20%	NO
14) Estimation for coming financial year	YES
15) Capital in the business	YES
16) Details of sister concerns	YES
17) Major suppliers	NO
18) Major customers	NO
19) Payments terms	YES
20) Export / Import details (if applicable)	YES
21) Market information	--
22) Litigations that the firm / promoter	--
23) Banking Details	YES
24) Banking facility details	NO
25) Conduct of the banking account	--
26) Buyer visit details	--
27) Financials, if provided	NO
28) Incorporation details, if applicable	--
29) Last accounts filed at ROC	--
30) Major Shareholders, if available	--

NOTE :

Registered office of the company has been shifted from “D-45, 1st Floor, Lajpat Nagar 1, New Delhi, India” to the present address w.e.f. 21.03.2008.

FUNCTIONING:

The company daring the year earned a Net Profit Rs.2.744 Millions before taxes. The Company has commenced its trail production of Polyurethane Foam in the month of April and was able to commence its complete commercial production in month of July. In spite of its first year of production, the company has achieved a turnover of about Rs.170.000 Millions (approximately) and earns the aforesaid profits, which is indeed a remarkable achievement and positive sign and indication of future growth end prospects of the company. The product being manufactured by the company baa beers accepted and is in demand in the market. The company has acquired rights so use established brand name “CORFOM” for its manufactured products by paying an annual royalty of Rs.3.000 Millions to the company coir foam India private Limited. The company preferred this brand name which is established in the market for a period of more than 30 years for its quality and usage and has a wide customer base which will serve as a key factor in achieving higher growth rate is the turnover of the company. Further, ft was non possible to obtain such an established brand for the company at such reasonable teems. Under mutual agreement in this regard, the company trod to maintain high standard of quality nod services of manufactured product which the company has duly complied with. It was due to alt these factors that the company could achieve such good results in the very first year of its commercial production itself.

FORM 8:

Corporate identity number of the company	U51909DL2004PTC124582
Name of the company	S. K. POLY FOAMS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	BF-16 2nd Floor, Tagore Garden, Delhi – 110 027, India E-Mail : vrkasso@yahoo.co.in
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10131836
Type of charge	Immovable property Book debts Movable property (not being pledge)
Particular of charge holder	Punjab National Bank, SSI Branch, VKIA Jaipur - 302017, Rajasthan, India E-mail : bo2987@pnb.co.in
Nature of instrument creating charge	1.Hypothecation of Current Assets 2.Hypothecation of machinery as Collateral Security for Demand Loan facilities 3.Hypothecation of movable Assets forming Part of Fixed/ Block Assets 4.Hypothecation of goods and book debts to Secure Cash credit facility 5.Letter of Continuity
Date of instrument Creating the charge	18.04.2011
Amount secured by the charge	Rs.27.500 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest 5.00% Spread over the Prevailing BR(Presently being 9.50%) of the bank, 14.50% p.a. with monthly rest subject to Change from time to time. Terms of repayment Repayable on demand. Margin Raw Material:-20% Book Debts:-30% Extent and operation of the charge The Charge will operate as First Charge to the extent of Rs.27.500 Millions to Secure Following limits granted to the Company by the bank:- Cash Credit (Hypothecation):-Rs.20.000 Millions Book Debts (Within in CC):-( Rs.9.000 Millions) Adhoc:-Rs.3.000 Millions FLC/ILC:-Rs.4.500 Millions Total:-Rs.27.500 Millions
Short particulars of the property or asset(s) charged (including complete address and location of the property)	First charge by way of hypothecation of all stocks of raw material, semi finished and finished goods such as Chemicals, Coir, Jute, Pasting Material, and other related material, stock in process consumable goods, stores and spares, all present and future book debts, all present and future movable plant, machinery and all present and future current and fixed assets and other items as may be accepted as a security by the bank to cover cash Credit limit of Rs.20.000 Millions, BD of ( Rs.9.000 Millions) , Adhoc limit of Rs.3.000 Millions and FLC/ILC limit of Rs.4.500 Millions Total Amounting of Rs.27.500 Millions Granted to the Company by the Bank. Equitable Mortgage is Extended on the immovable property of the Company comprising factory land and building constructed or to be constructed, Fixed plant and machinery, erected or to be erected both present and future situated at Plot No.F-133 to 136 Bindayaka industrial Area, Sirsi Road, Jaipur as a security to cover Cash Credit limit of Rs.20.000 Millions, Book Debts of ( Rs.9.000 Millions) , Adhoc Limit of Rs.3.000 Millions and FLC/ILC limit of Rs.4.500 Millions Total Amounting of Rs.27.500 Millions Granted to the Company by the Bank. The Above Security also Cover Term Loan Facility (Outstanding) of Rs.8.280 Millions granted to the Company by the bank.
Date of instrument modifying the charge
Particulars of the present modification	By this modification overall limit has been Enhanced to Rs.27.500 Millions and Equitable Mortgage is Also Extended on the immovable property of the Company Situated at Plot no. F-133 to 136, Bindayaka industrial Area , Sirsi road Jaipur. Detail of the limits are as Follows:- Cash Credit (Hypothecation):-Rs.20.000 Millions Book Debts (Within in CC):-( Rs.9.000 Millions) Adhoc:-Rs.3.000 Millions FLC/ILC:-Rs.4.500 Millions Total:-Rs.27.500 Millions Other terms and Conditions remain Unchanged.

FIXED ASSETS :

• Land
• Building
• Plant and Machinery
• Electrical Installation
• Computers
• Furniture and Fixtures
• Office Machinery and Equipments
• Vehicles

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.08
UK Pound	1	Rs.80.36
Euro	1	Rs.68.83

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		31

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	-

Maximum Credit Limit :

USD 70000

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.