MIRA
INFORM REPORT
|
Report Date : |
29.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
AMBICA CRUSHTECH PRIVATE LIMITED (w.e.f.02.06.1992) |
|
|
|
|
Formerly Known
As : |
AMBICA POWDER PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
265, GIDC, Makarpura, Vadodara – 390010, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
02.06.1992 |
|
|
|
|
Com. Reg. No.: |
04-017756 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.102 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909GJ1992PTC017756 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDA02144C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA6087H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Crusher, Vibrating Screen. |
|
|
|
|
No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 15000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively small company having moderate track.
Profitability of the company appears to be low. However, trade relations are reported
to be fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealing with some caution. |
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
|
Name : |
Mr. Truptesh |
|
Designation : |
Accounts |
|
Contact No.: |
91-265-2637003 |
|
Date : |
28.06.2012 |
LOCATIONS
|
Registered Office : |
265, GIDC, Makarpura, Vadodara – 390010, Gujarat, India |
|
Tel. No.: |
91-265-2637003/2643575/2653575/2643401 |
|
Fax No.: |
91-265-2643575/2637003/2643401 |
|
E-Mail : |
|
|
Website: |
|
|
Location : |
Owned |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Hirubhai Parasottamdas Patel |
|
Designation : |
Whole-time Director |
|
Address : |
41, Bhagat Colony, Near Central Bank, GIDC Road, Makapura, Vadodara –
390014, Gujarat, India |
|
Date of Birth/Age : |
07.02.1945 |
|
Qualification: |
Engineering Graduation |
|
Date of Appointment : |
02.06.1992 |
|
DIN No.: |
00840756 |
|
|
|
|
Name : |
Mr. Urmit Hirubhai Patel |
|
Designation : |
Whole-time Director |
|
Address : |
41, Bhagat Colony, Near Central Bank, GIDC Road, Makapura, Vadodara –
390014, Gujarat, India |
|
Date of Birth/Age : |
08.04.1970 |
|
Qualification: |
Engineering Graduation |
|
Date of Appointment : |
02.06.1992 |
|
DIN No.: |
00840806 |
|
|
|
|
Name : |
Mr. Devesh Hirubhai Patel |
|
Designation : |
Whole-time Director |
|
Address : |
41, Bhagat Colony, Near Central Bank, GIDC Road, Makapura, Vadodara –
390014, Gujarat, India |
|
Date of Birth/Age : |
24.01.1969 |
|
Date of Appointment : |
02.06.1992 |
|
DIN No.: |
00840859 |
|
|
|
|
Name : |
Mr. Shilpesh Hirubhai Patel |
|
Designation : |
Whole-time Director |
|
Address : |
41, Bhagat Colony, Near Central Bank, GIDC Road, Makapura, Vadodara –
390014, Gujarat, India |
|
Date of Birth/Age : |
05.01.1972 |
|
Date of Appointment : |
02.06.1992 |
|
DIN No.: |
00840885 |
KEY EXECUTIVES
|
Name : |
Mr. Truptesh |
|
Designation : |
Accounts |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Urmit Hirubhai Patel |
|
2050 |
|
Devesh Hirubhai Patel |
|
2050 |
|
Shilpesh Hirubhai Patel |
|
2050 |
|
Hirubhai Parasottamdas Patel |
|
4050 |
|
|
|
|
|
Total |
|
10200 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Crusher, Vibrating Screen. |
|
|
|
|
Exports : |
|
|
Products : |
·
Crusher ·
Vibrating Screen |
|
Countries : |
South Africa |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Karan Enterprises ·
Amar Wire
Mesh Industrial ·
Baroda
Hitech Alloys Private Limited ·
Hirubhai
Patel Remuneration ·
Chain Centre ·
Jay Krishna
Megnetics Private Limited ·
Shree Jay Bharat
Engineering · Yogi Traders ·
Ahreeji Enterprises ·
Vayudoot Gases ·
Vinayak Products |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers and Retailers ·
Bevan Wayors (Private) Limited ·
Ambica Project Equipment ·
Ambica Tools and Hardware ·
Ambica Trading Corporation ·
Amit Construction Company ·
Aror Stone Crushing India ·
Auro Spinning Mills ·
Barai Minerals ·
Barbik Project Limited ·
Deep Black Matel ·
Raj Company ·
Rubamin Limited |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
10 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Central Bank of India, Makarpura Road, Branch,
40, Bhagat Colony, Makarpura Road, Baroda – 390010, Gujarat, India ·
State Bank of India, Makarpura Industrial Estate
Branch, Makarpura, Vadodara – 390010, Gujarat, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
CC Rs.6.000 Millions (From Central Bank of India) (Rs. in Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
VCA and Associates – Rutvji Vyas Chartered Accountants |
|
Address : |
201, Opal II, Near Urmi Char Rasta, Opposite: SBI, Vadodara – 390020,
Gujarat, India |
|
Tel. No.: |
91-265-2325561 |
|
Mobile No.: |
9825124480 |
|
E-Mail : |
|
|
PAN.: |
ABYPV5336R |
|
|
|
|
Sister Concern: |
Ambika Project Equipment |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10200 |
Equity Shares |
Rs.10/- each |
Rs.0.102
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 |
0.102 |
0.102 |
0.102 |
|
|
2] Share Application Money |
0.961 |
0.916 |
0.856 |
|
|
3] Reserves & Surplus |
2.711 |
2.147 |
1.816 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3.774 |
3.165 |
2.774 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
4.285 |
4.616 |
3.814 |
|
|
2] Unsecured Loans |
4.663 |
1.119 |
0.959 |
|
|
TOTAL BORROWING |
8.947 |
5.735 |
4.773 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
12.722 |
8.900 |
7.547 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.437 |
2.802 |
3.260 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
17.512
|
11.990 |
9.764 |
|
|
Sundry Debtors |
6.669
|
1.466 |
3.517 |
|
|
Cash & Bank Balances |
1.182
|
0.616 |
0.154 |
|
|
Other Current Assets |
1.426
|
0.283 |
0.033 |
|
|
Loans & Advances |
0.591
|
0.557 |
0.458 |
|
Total
Current Assets |
27.380
|
14.912 |
13.926 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
10.346
|
9.348 |
8.528 |
|
|
Other Current Liabilities |
6.729
|
(0.584) |
1.088 |
|
|
Provisions |
0.020
|
0.050 |
0.023 |
|
Total
Current Liabilities |
17.095
|
8.814 |
9.639 |
|
|
Net Current Assets |
10.285
|
6.098 |
4.287 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
12.722 |
8.900 |
7.547 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
28.572 |
17.714 |
16.414 |
|
|
|
Other Income |
0.023 |
0.064 |
0.011 |
|
|
|
TOTAL (A) |
28.595 |
17.778 |
16.425 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Finished Goods |
29.803 |
16.726 |
|
|
|
|
Direct Expenses |
0.409 |
0.493 |
|
|
|
|
Other Indirect Expenses |
3.341 |
2.441 |
|
|
|
|
Increase in Stock |
(5.521) |
(2.225) |
|
|
|
|
TOTAL (B) |
28.032 |
17.435 |
16.010 |
|
|
|
|
|
|
|
|
|
NET
PROFIT |
0.563 |
0.343 |
0.415 |
|
|
|
|
|
|
|
|
|
|
BALANCE
BROUGHT FORWARD FROM EARLIER YEAR |
0.000 |
0.000 |
0.021 |
|
|
|
|
|
|
|
|
|
|
PROFIT CARRIED
TO BALANCE SHEET |
0.563 |
0.343 |
0.394 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
80.000 (They got new contract
from the director which gave them a profit of Rs. 30.000 Millions) |
Expected Sales (2012-2013): Rs.160.000 Millions
The above information has been parted by Mr. Truptesh – Accounts
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.97
|
1.93 |
2.53 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.97
|
1.94 |
2.53 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.06
|
2.30 |
2.98 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.11 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.90
|
4.60 |
5.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.60
|
1.69 |
1.44 |
LOCAL AGENCY FURTHER INFORMATION
Sundry Creditors Details:
Rs. In Millions
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
Sundry Creditors |
10.346
|
9.348 |
8.528 |
|
|
|
|
|
Sundry Creditors Partial
Details:
Rs. In Millions
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
Amar Wire Mesh Industrial |
0.033 |
0.016 |
(0.050) |
|
Baroda Hitech Alloys Private Limited |
2.538 |
1.059 |
1.958 |
|
Hirubhai Patel Remunaration |
1.010 |
0.450 |
0.000 |
|
Chain Centre |
0.006 |
0.001 |
0.004 |
|
Jay Krishna Megnetics Private Limited |
0.208 |
0.000 |
0.000 |
|
Shree Jay Bharat Engineering |
0.010 |
0.019 |
0.000 |
|
Ahreeji Enterprises |
0.006 |
0.000 |
0.000 |
|
Yogi Traders |
0.000 |
(0.196) |
(0.195) |
|
Vayudoot Gases |
0.026 |
0.004 |
0.015 |
|
Vinayak Products |
0.002 |
0.002 |
0.006 |
|
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 |
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% |
Yes |
|
14) Estimation for coming financial year |
Yes |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
Yes |
|
18) Major customers |
Yes |
|
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 |
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 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U51909GJ1992PTC017756 |
|
Name of the company |
AMBICA CRUSHTECH
PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
265, GIDC,
Makarpura, Vadodara – 390010, Gujarat, India Email: actpl@sancharnet.in |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the
charge to be modified |
actpl@sancharnet.in |
|
Type of charge |
Book debts Movable property
(not being pledge) |
|
Particular of charge holder |
Central Bank of India, Makarpura Road, Branch, 40, Bhagat Colony,
Makarpura Road, Baroda – 390010, Gujarat, India |
|
Nature of instrument creating charge |
Agreement of
hypothecation. |
|
Date of instrument Creating the charge |
19.01.2012 |
|
Amount secured by the charge |
Rs.11.387
Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest BPLR-2.50% (Floating) with monthly rests. Terms of Repayment Cash Credit: On Demand Term Loan: Repayable within 52 months with 52 EMI after moratorium of
1 month starting from April ‘09. Margin Stock : 25% Book Debts : 50% Term Loan : 25% BG cum LC : 25% Extent and Operation of the charge The charge shall operate by way of Hypothecation of Goods, Book-Debts
and movable property of the Company for securing the due repayment of the total
credit facilities of Rs. 11.38700 Millions granted by the Bank. Cash Credit: 6.000 Millions Term Loan: 0.387 Million (outstanding balance) and LC cum BG: 5.000 Millions amounting to total Rs. 11.387 Millions. Others As mentioned in
the attached Agreement of Hypothecation dated 19th January, 2012. |
|
Short particulars of the property or
asset(s) charged (including complete address and location of the property) |
Hypothecation of
Raw Material, Stock in trade, Work in Process, Finished Goods, Products and
other Current Assets of the Company. |
|
Particulars of the present modification |
By this
modification total credit facilities granted by the Bank are enhanced from
Rs. 4.000 Millions to Rs. 11.387 Millions and now the charge is modified and extended
to secure the enhanced credit facilities of Rs. 11.387 Millions |
|
NSIC Registration No. |
GP/RS/PMT/GUJ/S-252/2005-06/A-224 |
Fixed Assets
Tangible Assets
·
Air Condition
·
Computer
·
Factory Building
·
Fax Machine
·
Furniture
·
Mobile Phone
·
Office Equipment
·
Plant and Machinery
·
Pager
·
Vehicle
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.56.91 |
|
|
1 |
Rs.71.24 |
|
Euro |
1 |
Rs.88.90 |
INFORMATION DETAILS
|
Information Gathered
by : |
PJA |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
36 |
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.