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Report Date : |
26.04.2012 |
IDENTIFICATION DETAILS
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Name : |
TRADE PERFECTIONS |
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Registered
Office : |
Plot No.199-200, Nsez Phase – II, Noida - 201305, Uttar Pradesh, India |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Year of
Establishment : |
2003 |
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Capital
Investment / Paid-up Capital : |
Rs.15.000 Millions (Estimated) |
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TIN No.: |
09566001374 |
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PAN No.: [Permanent Account No.] |
AACFT7394N |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business
: |
Manufacturer and Trader of Copper and Alumium Strips, Round Wires,
C.R.G.O. (Electrical Lamination) and Power Transformers upto 40MVA – 132 JV
Class |
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No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (45) |
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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 60000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established proprietory concern having satisfactory track.
Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The concern 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.
ECGC Country Risk Classification List – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. Alok Pant |
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Designation : |
Manger |
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Contact No.: |
91-9711163047 |
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Date : |
25.04.2012 |
LOCATIONS
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Registered Office / Factory: |
Plot No.199-200, Nsez Phase – II, Noida - 201305, Uttar Pradesh |
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Tel. No.: |
91-120-4593330 (20 Lines) |
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Mobile No.: |
91-9711163047 (Mr. Alok Pant) |
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Fax No.: |
91-120-4279075 |
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E-Mail : |
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Website : |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Neeraj Agarwal |
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Designation : |
Proprietor |
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Address : |
Delhi, India |
KEY EXECUTIVES
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Name : |
Mr. Alok Pant |
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Designation : |
Manger |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Trader of Copper and Alumium Strips, Round Wires,
C.R.G.O. (Electrical Lamination) and Power Transformers upto 40MVA – 132 JV
Class |
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Products : |
Power and
Distribution Transformer ·
Single Phase Transformers ·
Amorphous Core Transformers ·
Dist. Transformers of 11 and 22 KV Class ·
Power Transformers upto 132 KV Class ·
Rectifier Transformers ·
Furnace Transformers ·
Dry Type Transformers Applicable
Stardards ·
IS ·
ANSI ·
BS ·
IEC |
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Terms : |
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Selling : |
Cash and Credit (30 Days) |
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Purchasing : |
Cash and Credit (30 Days) |
GENERAL INFORMATION
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Customers : |
Retailer and End Users |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
State Bank of India, Noida, Uttar Pradesh, India |
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Banking
Relations : |
-- |
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Auditors : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2012
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Capital Investment : |
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Owned : |
Rs.15.000 Millions (Estimated) |
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Borrowed : |
-- |
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Total : |
Rs.15.000
Millions (Estimated) |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2012 |
31.03.2011 |
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Sales Turnover (Approximately) |
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150.000 |
120.000 |
The above information has been parted by Mr. Alok Pant.
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
LOCAL AGENCY FURTHER INFORMATION
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Check List by Info Agents |
Available in Report (Yes / No) |
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1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
No |
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5) Type of Business |
Yes |
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6) Line of Business• |
Yes |
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7) Promoter’s background |
No |
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8) No. of employees |
Yes |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last two years |
Yes |
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12) Profitability for last three years |
No |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
No |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
No |
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17) Major suppliers |
No |
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18) Major customers |
No |
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19) Payments terms |
Yes |
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20) Export / Import details (if applicable) |
No |
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21) Market information |
-- |
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22) Litigations that the firm / promoter |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
No |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
Yes |
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28) Incorporation details, if applicable |
No |
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29) Last accounts filed at ROC |
No |
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30) Major Shareholders, if available |
No |
Website Details:
Profile
Subject was established in the year 2003 and started its commercial
business activities in the year 2004.
As part of our quality conscious nature we successfully got ISO
9001:2008 certification in the year 2009.
The Company started with manufacturing of Copper and Aluminum strips and
round wires supplying to various companies in India and abroad. The company
then diversified and started supplying C.R.G.O. (Electrical Lamination) to
companies in India.
In the year 2008, the management took the decision to diversify the
operations further to manufacture different type and rating of Power
Transformers. Within record time of 7 months the company established the
facilities at NSEZ, Noida for manufacturing of Power Transformers upto 40MVA -
132 KV class.
With the strong team of experienced and qualified professionals the
company successfully cleared quality tests of Central Power Research Institute
of India (CPRI)(NABL accredited Test Laboratory), cleared crucial "Impulse
Test" from National Test House (NTH), Government of India Laboratory of
Power Transformers.
With an in-house state-of-the-art testing lab our 40/50 MVA – 132 KV
class Transformer manufactured for repute big industrial house cleared all
tests successfully.
In 2009, the Company was successful in increasing the size of it’s order
book by getting order of 4(four) 6 MVA Generation Transformer from a repute
Business House of India after a stiff competition from both domestic and
international players and other regular Power Transformer orders from Govt.
State Electricity Boards and utilities.
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.52.49 |
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|
1 |
Rs.84.66 |
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Euro |
1 |
Rs.69.25 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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45 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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- |
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.