|
Report Date : |
17.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
SOBHAGYA ADVERTISING PRIVATE LIMITED |
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Formerly Known
As : |
TRU-REACH AD-COMMUNICATIONS PRIVATE LIMITED |
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Registered
Office : |
Jeevan Sahakar, 2nd
Floor, Sir P.M. Road, Fort, Mumbai – 400 001, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
16.05.1977 |
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Com. Reg. No.: |
11-019650 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100
million |
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|
CIN No.: [Company Identification
No.] |
U64200MH1977PTC019650 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS45288F |
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PAN No.: [Permanent Account No.] |
AAACS7285A |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Media and Other Consultancy Services. |
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|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
No Commercial Business Activity |
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Payment Behaviour : |
Unknown |
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Litigation : |
-- |
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Comments : |
Though the company was incorporated in the year 1977, it has not commenced
its commercial business activities. Payments are unknown. The company can be considered for business dealings on a safe and
secured 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 DECLINED BY
|
Name : |
Mr. Jain |
|
Designation : |
Account Department |
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Contact No.: |
91-22-22611185/ 22662979/ 22661286 |
|
Date : |
16.04.2012 |
LOCATIONS
|
Registered Office : |
Jeevan Sahakar, 2nd
Floor, Sir P.M. Road, Fort, Mumbai – 400 001, |
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Tel. No.: |
91-22-22611185/ 22662979/ 22661286 |
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Fax No.: |
91-22-22626811 |
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E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Alwyn John Vaz |
|
Designation : |
Director |
|
Address : |
Stella Maria, |
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Date of Birth/Age : |
15.06.1929 |
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Date of Appointment : |
19.07.1987 |
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DIN No.: |
02796673 |
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|
|
|
Name : |
Mr. Narottamlal Ramrichpal
Saboo |
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Designation : |
Director |
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Address : |
G09-08, Jankalyan CHS Limited, H01-07, Bangur
Nagar, Goregaon (West),
Mumbai – 400 090, |
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Date of Birth/Age : |
25.08.1946 |
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Date of Appointment : |
14.07.1984 |
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DIN No.: |
02790222 |
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|
|
|
Name : |
Mr. Sobhagyamal Kistoormal
Singhvi |
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Designation : |
Director |
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Address : |
2/144, Anand Bharati CHS, |
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Date of Birth/Age : |
01.04.1935 |
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Date of Appointment : |
19.07.1986 |
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DIN No.: |
02063471 |
KEY EXECUTIVES
|
Name : |
Mr. Jain |
|
Designation : |
Account Department |
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E-Mail : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Sobhagyamal Singhvi |
|
20 |
|
Narottam Lal Saboo |
|
1 |
|
Purshottam Agarwal |
|
10 |
|
Elizabeth Pires |
|
100 |
|
Prema H. Shetty |
|
70 |
|
Geeta Srinivasan |
|
150 |
|
Ranga Dorai Swami |
|
50 |
|
Mahendra Kumar Jain |
|
70 |
|
|
|
100 |
|
Alwyn Vaz |
|
20 |
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Vijay Pawar |
|
70 |
|
Jamnashankar Vyas |
|
90 |
|
Anand Nakharekar |
|
130 |
|
Maruti Pawar |
|
40 |
|
Vijay Naik |
|
60 |
|
Gangaram Alve |
|
19 |
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Total |
|
1000 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
4.10 |
|
Other
top fifty shareholders |
|
95.90 |
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Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Media and Other Consultancy Services. |
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GENERAL INFORMATION
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Suppliers : |
v
Godha and Company |
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No. of Employees : |
Information declined by the management |
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Bankers : |
Not Available |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Godha and Company Chartered Accountants (Babulal Jain) |
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Address : |
43, |
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Tel. No.: |
91-22-22663342 |
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Fax No.: |
91-22-22660267 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAFPJ1390K |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.100/- each |
Rs.1.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000 |
Equity Shares |
Rs.100/- each |
Rs.0.100
million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.100 |
0.100 |
0.100 |
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|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
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|
3] Reserves & Surplus |
0.136 |
0.128 |
0.147 |
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|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
0.236 |
0.228 |
0.247 |
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LOAN FUNDS |
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|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.081 |
0.081 |
0.081 |
|
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TOTAL BORROWING |
0.081 |
0.081 |
0.081 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
0.317 |
0.309 |
0.328 |
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|
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.000 |
0.000 |
0.000 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.001 |
0.001 |
0.001 |
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DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
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|
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|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
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|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
0.057
|
0.046 |
0.137 |
|
|
Cash & Bank Balances |
0.183
|
0.048 |
0.027 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans, Advances & Deposits |
0.101
|
0.237 |
0.178 |
|
Total
Current Assets |
0.341
|
0.331 |
0.342 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.002
|
0.002 |
0.002 |
|
|
Other Current Liabilities |
0.021
|
0.021 |
0.010 |
|
|
Provisions |
0.002
|
0.000 |
0.003 |
|
Total
Current Liabilities |
0.025
|
0.023 |
0.015 |
|
|
Net Current Assets |
0.316
|
0.308 |
0.327 |
|
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|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
0.317 |
0.309 |
0.328 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
0.000 |
0.000 |
0.000 |
|
|
|
Other Income |
0.134 |
0.134 |
0.134 |
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|
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TOTAL |
0.134 |
0.134 |
0.134 |
|
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
Other Expenses |
0.124 |
0.153 |
0.136 |
|
|
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TOTAL |
0.124 |
0.153 |
0.136 |
|
|
|
|
|
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|
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|
PROFIT/ (LOSS)
BEFORE TAX |
0.010 |
(0.019) |
(0.002) |
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|
Less |
TAX |
0.002 |
0.000 |
0.000 |
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|
PROFIT/ (LOSS) AFTER
TAX |
0.008 |
(0.019) |
(0.002) |
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|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
0.149 |
|
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|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
0.147 |
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|
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|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
0.80 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
5.97
|
(14.18) |
(1.49) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.93
|
(5.74) |
(0.58) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
(0.08) |
(0.01) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.45
|
0.46 |
0.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
13.64
|
14.39 |
22.80 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors:
|
Particulars |
31.03.2011 (Rs.
in millions) |
31.03.2010 (Rs.
in millions) |
31.03.2009 (Rs.
in millions) |
|
Godha and Company |
0.002 |
0.002 |
0.002 |
|
|
|
|
|
|
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 |
No |
|
5) Type of
Business |
Yes |
|
6) Line of
Business |
Yes |
|
7) Promoter’s
background |
Yes |
|
8) No. of
employees |
No |
|
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 |
Yes |
|
13) Reasons for
variation <> 20% |
-- |
|
14) Estimation
for coming financial year |
No |
|
15) Capital in
the business |
Yes |
|
16) Details of sister
concerns |
No |
|
17) Major
suppliers |
Yes |
|
18) Major
customers |
No |
|
19) Payments
terms |
No |
|
20) Export /
Import details (if applicable) |
No |
|
21) Market
information |
-- |
|
22) Litigations
that the firm / promoter involved in |
-- |
|
23) Banking
Details |
Yes |
|
24) Banking
facility details |
Yes |
|
25) Conduct of
the banking account |
-- |
|
26) Buyer visit
details |
-- |
|
27) Financials,
if provided |
Yes |
|
28) Incorporation
details, if applicable |
Yes |
|
29) Last accounts
filed at ROC |
Yes |
|
30) Major
Shareholders, if available |
Yes |
FINANCIAL RESULTS:
The working result
of the company showed a net Profit of Rs.0.008 million after provision for
taxation and other adjustments.
Information in
accordance with the Companies (Disclosure of particulars in the Report of Board
of Directors) Rules, 1988:
Use of Electricity
was negligible.
The Company does
not use any technology for its existing business.
There were no foreign exchange earnings or outgo during the year
2010-2011.
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.51.65 |
|
|
1 |
Rs.81.80 |
|
Euro |
1 |
Rs.67.18 |
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.