|
Report Date : |
28.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHAH BROTHERS ISPAT PRIVATE LIMITED |
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|
|
|
Registered
Office : |
5A/5B, Trust
House, Dr. E Broges Road, Opposite Shirodkar High School, Parel (East),
Mumbai – 400012, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
04.08.2004 |
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Com. Reg. No.: |
11-147842 |
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Capital
Investment / Paid-up Capital : |
Rs.14.350 Millions |
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|
|
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CIN No.: [Company Identification
No.] |
U27101MH2004PTC147842 |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS45609E |
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PAN No.: [Permanent Account No.] |
AAAFS1089F |
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Legal Form : |
Private Limited Liability Company
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Line of Business
: |
Trader, Exporter and Importer of ferrous and non ferrous metals. |
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No. of Employees
: |
80 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 4860000 |
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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 company having satisfactory track. 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 for normal business dealings at usual
trade terms and conditions. Profit and loss of the company is current year not available. |
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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
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Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
|
Registered Office/Factory : |
5A/5B, Trust House,
Dr. E Broges Road, Opposite Shirodkar High School, Parel (East), Mumbai –
400012, Maharashtra |
|
Tel. No.: |
91-22-23445445 / 6 / 3 / 23480445 [5 Lines]/ 40555444 |
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Fax No.: |
91-22-23436928 / 23486928/
40555454 |
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E-Mail : |
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Web Site: |
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Location: |
Leased |
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|
|
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Warehouse 1 : |
L-5 Taloja Industrial Area, MIDC, Taluka- Panvel, District – Raigad, |
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Location: |
Owned |
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Warehouse 2 : |
1425/1426/1427 Kalamboli Warehouse Complex, Kalamboili, Navi Mumbai –
410 218, |
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Location: |
Owned |
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|
Branch Office : |
Located At:
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DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Rajesh Chinubhai Shah |
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Designation : |
Director |
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Address : |
31, Anupam, 11, |
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Date of Birth/Age : |
10.07.1965 |
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Qualification : |
B.Com |
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Date of Appointment : |
04.08.2004 |
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DIN No.: |
00022645 |
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Other Directorship:
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Name : |
Mr. Sanjiv Pravin Mehta |
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Designation : |
Director |
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Address : |
15, Nirmal Mahal, Bomanji Petit Road, Mumbai 400026, |
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Date of Birth/Age : |
14.12.1963 |
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Qualification : |
B.Com |
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Date of Appointment : |
04.08.2004 |
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DIN No.: |
00022691 |
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Other Directorship:
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Name : |
Mr. Chinubhai Himmatlal Shah |
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Designation : |
Director |
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Address : |
Flat No.13/3,
Anupam, |
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Date of Birth/Age : |
13.03.1936 |
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Qualification : |
SSC |
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Date of Appointment : |
04.08.2006 |
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DIN No.: |
00022747 |
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Other Directorship:
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Name : |
Mr. Pravin Pranlal Mehta |
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Designation : |
Director |
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Address : |
15, Nirmal Mahal, Bomanji Petit Road, Mumbai 400026, |
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Date of Birth/Age : |
31.08.1935 |
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Qualification : |
SSC |
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Date of Appointment : |
04.08.2004 |
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DIN No.: |
00026803 |
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Other Directorship:
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Name : |
Mr. Dharmesh Chinubhai Shah |
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Designation : |
Director |
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Address : |
1-A/1, Giriraj, 11, |
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Date of Birth/Age : |
25.06.1964 |
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Qualification : |
B.Com |
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Date of Appointment : |
04.08.2004 |
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DIN No.: |
00038177 |
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Other Directorship:
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Chinubhai
Himmatlal Shah Jointly Manjuben C Shah Jointly Dharmesh C Shah |
|
72000 |
|
Chinubhai Himmatlal Shah Jointly Manjuben C Shah Jointly Dharmesh C
Shah |
|
72000 |
|
Pravin Pranlal
Mehta Jointly Ranjanbala Mehta Jointly Sanjiv Mehta |
|
215250 |
|
Sanjiv Pravin Mehta Jointly Heena Mehta |
|
257000 |
|
Dharmesh Chinubhai
Shah Jointly Sangeeta Shah |
|
243950 |
|
Rajesh Chinubhai
Shah Jointly Minal Shah |
|
243950 |
|
Ranjanbala
Pravin Mehta Jointly Pravin P Mehta
Jointly
Sanjiv P Mehta |
|
80000 |
|
Heena Sanjiv Mehta Jointly Sanjiv P Mehta |
|
143500 |
|
Pravin P Mehta HUF through its Karta Pravin P Mehta |
|
10000 |
|
Ranjanbala P. Mehta Jointly Pravin P. Mehta |
|
11750 |
|
Chinubhai H. Shah Jointly. Manjula C. Shah |
|
85600 |
|
Total |
|
1435000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.03.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Exporter and Importer of ferrous and non ferrous metals. |
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|
|
|
Products : |
·
Ferrous ·
Non - Ferrous Metal ·
Boiler Quality Plates ·
High Tensile Steel Plate ·
Alloy Steel Plate ·
Mild Steel Products ·
HR Coils |
GENERAL INFORMATION
|
No. of Employees : |
80 (Approximately) |
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|
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Bankers : |
v
Union
Bank of v
Bank
of v
Bank
of v ICICI Bank v Central Bank of
India, Corporate Finance Branch, 1st Floor, M.M.O Building, M G
Road, Fort, Mumbai-400 023, Maharashtra, India v Standard Chartered Bank, 23-25 M G Road, Mumbai -400 001, v Bank of v ABN Amro Bank, N.V, 74 Sakhar Bhavan, 7th
Floor, Nariman Point, Mumbai-400021, |
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Facilities : |
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Banking
Relations : |
--- |
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Auditors : |
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|
Name : |
H M Mody and Company Chartered Accountants |
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Address : |
12, |
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Tel. No.: |
91-22-22046924 |
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Mobile No.: |
91-22-22873255 |
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PAN.: |
AGBPM4701B |
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Related Parties : |
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CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1435000 |
Equity Shares |
Rs.10/- each |
Rs.14.350
Millions |
|
|
|
|
|
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 |
14.350 |
9.000 |
9.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1200.815 |
634.591 |
179.903 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1215.165 |
643.591 |
188.903 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
241.311 |
261.564 |
399.062 |
|
|
2] Unsecured Loans |
45.831 |
187.500 |
213.125 |
|
|
TOTAL BORROWING |
287.142 |
449.064 |
612.187 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
1.472 |
1.142 |
|
|
|
|
|
|
|
|
TOTAL |
1502.307 |
1094.127 |
802.232 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
409.503 |
295.945 |
56.278 |
|
|
Capital work-in-progress |
1.660 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
25.686 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1938.672
|
1241.357
|
1420.313 |
|
|
Sundry Debtors |
1896.753
|
2291.042
|
1383.610 |
|
|
Cash & Bank Balances |
525.343
|
603.147
|
341.788 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
195.407
|
386.334
|
404.565 |
|
Total
Current Assets |
4556.175
|
4521.880 |
3550.276 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
3118.233
|
3152.059 |
|
|
|
Other Current Liabilities |
282.687
|
407.836
|
2535.550 |
|
|
Provisions |
89.797
|
163.803
|
268.808 |
|
Total
Current Liabilities |
3490.717
|
3723.698
|
2804.358 |
|
|
Net Current Assets |
1065.458
|
798.182
|
745.918 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.036 |
|
|
|
|
|
|
|
|
TOTAL |
1502.307 |
1094.127 |
802.232 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
7851.491 |
10199.047 |
|
|
|
Other Income |
|
334.609 |
263.128 |
|
|
|
TOTAL (A) |
|
8186.100 |
10462.175 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of sales |
|
7442.329 |
9127.590 |
|
|
|
Administration and other expenses |
|
189.477 |
950.012 |
|
|
|
Preliminary expenses written off |
|
0.036 |
0.000 |
|
|
|
Increase / decrease in stock |
|
178.956 |
911.274 |
|
|
|
TOTAL (B) |
|
7810.798 |
10988.876 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
375.302 |
(526.701) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
109.022 |
77.021 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
266.280 |
(603.722) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
6.518 |
5.196 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
|
259.762 |
(608.918) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
40.074 |
0.039 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER TAX (G-H) (I) |
|
219.688 |
(608.957) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
0.000 |
552.873 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
0.000 |
0.014 |
|
|
|
|
|
|
|
|
|
|
Earnings/(loss) Per Share (Rs.) |
|
244.10 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
2.68
|
(5.82) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
3.31 |
(5.97) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
5.39
|
(16.88) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.40
|
3.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.11
|
6.48
|
18.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.31
|
1.21
|
1.26 |
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 |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business• |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last two years |
Yes |
|
12) Profitability for last two 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 |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
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 |
FORM 8
|
Corporate
identity number of the company |
U27101MH2004PTC147842 |
|
Name of the
company |
SHAH BROTHERS
ISPAT PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
406, Giriraj, Email: sales@sbispat.com |
|
This form is for |
Modification of
charge |
|
Charge identification
(ID) number of the charge to be modified |
80007073 |
|
Type of charge |
|
|
Particular of
charge holder |
Central Bank of India, Corporate Finance Branch, 1st Floor,
M.M.O Building, M G Road, Fort, Mumbai-400 023, Maharashtra, India. Email: adlalwani@rediffmail.com |
|
Nature of
instrument creating charge |
Extension of
equitable mortgage |
|
Date of instrument
Creating the charge |
09.12.2011 |
|
Amount secured by
the charge |
Rs.5435.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As Stipualted By
Bank From Time To Time Terms of Repayment
as stipualted by
bank from time to time Margin As Stipualted By
Bank From Time To Time Extent and
Operation of the charge First charge
(present and future) = total limit of Rs.5435.0 millions (CBI = Rs.253.050
millions, UBI = Rs.1195.700 millions, BOB = Rs.854.400 millions, BOI =
Rs.854.400 millions) Others As Stipulated By
Bank From Time To Time And As Per Agreement Attached And As Per Sanction
Letter Of The Bank |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
First Charge
(Present and Future) = Hypothecation of All The Current Assets As Well As
Moveable Block Assets of the Borrower Namely, Stocks of Raw Materials, Stocks
In Process, Semi-Finished and Finished
Goods, Stores and Spares,(consumable stores and spares) Hypothecation of
all bills, receivables and book debts Hypothecation of
all other movables including plant and machinery, furniture and fixture,
vehicles, capital work in progress stored at premises and Godown situated at Kalambolo, Cidco, MIDC,
Taloja etc. Or In Trasnit OR
Wherevere Hypothecation of
All Current, Movable And Fixed Assets Emg of Plot No
1427 Situated At Road No 26 In Sector No Kwe of Kalamboli, Taluka
Panvel,District Raigad( Adm About 900 Sq.Meters) Emg of Plot No
1426 Situated At Road No 27 In Sector No Kwe of Kalamboli,Taluka
Panvel,District Raigad (Adm About 900 Sq.Meters) Emg of Plot No
1425 Situated At Road No 27 In Sector No Kwe of Kalamboli,Taluka
Panvel,District Raigad (Adm About 900 Sq.Meters) Emg of plot of
land adm 20010 sq.mt being plot no l-5 alongwith structures standing there on
at taloja industrial Area, Village Pale-Khurd, Taluka Panvel District Raigad |
|
Particulars of
the present modification |
By this
modification limit enhanced to Rs.5435.0 millions, (CBI = Rs.2530.5 millions
, UBI = Rs.1195.7 millions, BOB = Rs.854.4 millions, BOI = Rs.854.4 millions),
securities as given by original charge and by modification will be continued
for this modification (securities more defined in point no 15 and as per
agreement attached),terms and conditions as per agreement |
Contingent
Liabilities not provided for
As on 31.03.2011
Letters of Credit Issued by Bankers Rs.3600.800 millions Less: Margin Money Rs.462.626 Millions (Net of Margin Money with Bankers) Rs.3138.174 millions
FIXED
ASSETS
v
v Computer
v Furniture and Fixture
v Office Equipment
v Motor Car
v Godown
v Plant and Machinery
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.52.68 |
|
|
1 |
Rs.85.12 |
|
Euro |
1 |
Rs.69.38 |
INFORMATION DETAILS
|
Report Prepared
by : |
MYI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
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
|
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.