MIRA
INFORM REPORT
|
Report Date : |
31.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
KK INDIA PETROLEUM SPECIALITIES PRIVATE LIMITED |
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Registered Office : |
706, Palm Spring Centre, |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
11.03.1998 |
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Com. Reg. No.: |
11-113942 |
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Capital
Investment / Paid-up Capital : |
Rs.0.500 Million |
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CIN No.: [Company
Identification No.] |
U23200MH1998PTC113942 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMK07309B |
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PAN No.: [Permanent
Account No.] |
AAACK8544Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Indenting Agents and Trading in Petroleum and Specialties Chemicals
and Trading and Investments into Securities. |
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No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
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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 69000 |
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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 record. There
appears slight fall in the profitability. However, trade relations are
reported to be fair. Business is active. Payments are reported to be usually
correct and as per commitments. The company can be considered 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.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED BY
|
Name : |
Mr. Kalpesh Manharlal Modi |
|
Designation : |
Director |
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Contact No.: |
91-9820140450 |
|
Date : |
30.10.2012 |
LOCATIONS
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Registered Office : |
706, Palm Spring Centre, |
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Tel. No. : |
91-22-40949000 |
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Mobile No.: |
91-9820140450 [Mr. Kalpesh Manharlal Modi] |
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Fax No. : |
91-22-40949099 |
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E-Mail : |
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Website : |
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Corporate Office : |
Unit # A/112-118, Synthofine Estate, Off. Aarey Road, Goregaon (East),
Mumbai – 400063, |
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Tel. No.: |
91-22-28764569/28764570 |
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Fax No.: |
91-22-28762563 |
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E-Mail : |
DIRECTORS
AS ON 18.09.2012
|
Name : |
Mr. Kalpesh Manharlal Modi |
|
Designation : |
Director |
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Address : |
B – 305, Raj Residency – 1, Mahavir Nagar, Dahanokarwadi, Kandivali
(W), Mumbai – 400067, Maharashtra, India |
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Date of Birth/Age : |
09.08.1961 |
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Date of Appointment : |
18.03.1998 |
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DIN : |
00443445 |
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Name : |
Mrs. Ketna Kalpesh Modi |
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Designation : |
Director |
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Address : |
B – 305, Raj Residency – 1, Mahavir Nagar, Dahanokarwadi, Kandivali
(W), Mumbai – 400067, Maharashtra, India |
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Date of Birth/Age : |
04.12.1963 |
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Date of Appointment : |
18.03.1998 |
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DIN : |
00443557 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 18.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Kalpesh Manharlal Modi |
|
20100 |
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Ketna Kalpesh Modi |
|
6100 |
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DhanLaxmi Manharlal Modi |
|
19660 |
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Kalpesh Manharlal Modi HUF |
|
1000 |
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Manal Kalpesh Modi |
|
1000 |
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Priyam Kalpesh Modi |
|
1000 |
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Viral Kalpesh Modi |
|
1000 |
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Mayur Kalpesh Modi |
|
10 |
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Mayur Modi HUF |
|
10 |
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Manan Modi |
|
10 |
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Naman Modi |
|
10 |
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Manharlal V. Modi HUF |
|
100 |
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TOTAL
|
|
50000 |
AS ON 18.09.2012
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Equity Share Breakup |
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Percentage of Holding |
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Category |
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Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Indenting Agents and Trading in Petroleum and Specialties Chemicals
and Trading and Investments into Securities. |
GENERAL INFORMATION
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No. of Employees : |
Information denied by the management. |
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Bankers : |
·
Citi Bank N.A., Trent House, 2nd Floor,
G Block, Plot No. C-60, Bandra Kurla Complex, Bandra (East), Mumbai-400051,
Maharashtra, India ·
Vijaya Bank, Goregaon, Mumbai – 400063,
Maharashtra, India ·
HDFC
Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Mukesh P. Shah and Company Chartered Accountants |
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Address : |
12, Damodar Niwas, 2nd Floor, 32/34, |
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Tel. No.: |
91-22-23886293 |
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Fax No.: |
91-22-23822633 |
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E-Mail : |
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PAN No: |
AAGFM5242C |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
A) RECONCILIATION OF EQUITY SHARES OUTSTANDING AT BEGINNING AND END OF
YEAR:
|
PARTICULAR |
As on 31.03.2012 |
As on 31.03.2011 |
||
|
|
No. of Shares |
% holdings in
the class |
No. of Shares |
% holdings in
the class |
|
At the beginning of the year |
50000 |
50000 |
50000 |
50000 |
|
Issued during the year |
-- |
-- |
-- |
-- |
|
Bought back during the year |
-- |
-- |
-- |
-- |
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Outstanding at the end of the year |
50000 |
50000 |
50000 |
50000 |
B) DETAILS OF SHAREHOLDERS HOLDING MORE THAN 5% SHARES IN THE COMPANY:
|
PARTICULAR |
As on 31.03.2012 |
As on 31.03.2011 |
||
|
|
No. of Shares |
% holdings in
the class |
No. of Shares |
% holdings in
the class |
|
Kalpesh Manharlal Modi |
20100 |
40.20 |
20100 |
40.20 |
|
Ketna Kalpesh Modi |
6100 |
12.20 |
6100 |
12.20 |
|
DhanLaxmi Manharlal Modi |
19660 |
39.32 |
19660 |
39.32 |
C) AS PER OF THE COMPANY, INCLUDING ITS REGISTER OF SHAREHOLDERS/MEMBERS
AND OTHER DECLARATIONS RECEIVED FROM SHAREHOLDERS REGARDING BENEFICIAL INTEREST
THE ABOVE SHAREHOLDING REPRESENTS BOTH LEGAL AND BENEFICIAL OWNERSHIP OF
SHARES.
D) TERMS/RIGHTS ATTACHED TO EQUITY SHARES
·
The company has only one
class of equity shares having a par value of Rs.10 per shares each holder of
equity shares is having right to vote in respect of such shares.
·
In the event of
winding-up of the company the holders of preferential equity shares shall be
entitled to be repaid the amount of capital paid-up or credited as paid-up on
such shares as also arrears of dividend if any, and surplus assets thereafter
shall belong to the holder of equity shares and in proportion to the amount
paid-up or credited as paid-up on such equity shares respectively. At the
commencement of the winding up.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
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|
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1] Share Capital |
0.500 |
0.500 |
0.500 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
16.798 |
15.381 |
12.233 |
|
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
17.298 |
15.881 |
12.733 |
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LOAN FUNDS |
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1] Secured Loans |
29.323 |
13.710 |
0.000 |
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|
2] Unsecured Loans |
0.000 |
0.000 |
4.600 |
|
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TOTAL BORROWING |
29.323 |
13.710 |
4.600 |
|
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DEFERRED TAX LIABILITIES |
0.067 |
0.471 |
0.504 |
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|
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TOTAL |
46.688 |
30.062 |
17.837 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
4.320 |
4.286 |
4.411 |
|
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
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|
|
Inventories |
45.770
|
26.139 |
23.372
|
|
|
Sundry Debtors |
9.255
|
12.651 |
9.538
|
|
|
Cash & Bank Balances |
5.774
|
3.598 |
4.234
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans & Advances |
1.389
|
1.092 |
4.473
|
|
Total
Current Assets |
62.188
|
43.480 |
41.617 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
17.265
|
17.098 |
24.539
|
|
|
Other Current Liabilities |
0.969
|
0.417 |
0.000 |
|
|
Provisions |
1.586
|
0.189 |
3.652
|
|
Total
Current Liabilities |
19.820
|
17.704 |
28.191 |
|
|
Net Current Assets |
42.368
|
25.776 |
13.426 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
46.688 |
30.062 |
17.837 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
155.556 |
145.583 |
91.041 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
153.158 |
141.181 |
89.171 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
2.398 |
4.402 |
1.870 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.981 |
1.254 |
0.805 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
1.417 |
3.148 |
1.065 |
|
|
|
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|
|
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|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1.264 |
1.099 |
2.930 |
|
|
|
Indenting Commission |
4.681 |
8.104 |
9.511 |
|
|
TOTAL EARNINGS |
5.945 |
9.203 |
12.441 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
28.34 |
62.96 |
21.41 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.91
|
2.16 |
1.17
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.61
|
9.22 |
4.06
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.28 |
0.15
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.84
|
1.97 |
2.58
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.14
|
2.45 |
1.48
|
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2012 (Rs. in millions) |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
|
Sundry Creditors |
17.265
|
17.098 |
24.539
|
|
Sr. No. |
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 |
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 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 |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
NOTE:
Registered office address of the company has been shifted from A/118
Synthofine Estate, Off Aarey Road Goregaon East, Mumbai – 400063,
OPERATIONS:
During the year, several multinational companies has appointed the
company as indenting agents as well as distributors for their specialties
products based on petroleum, etc. in India.
During the year, Turnover of the company has been increased to Rs.155.556
Millions as compared to Rs.145.583 Millions in previous year. Profit of the
company has been decreased to Rs.1.417 Millions as compared to 3.148 Millions
in previous year. Profit of the company affect mainly due to exchange rate
fluctuations. During the year exchange rate losses Rs.3.669 Millions as
compared to Rs.0.661 Million in the previous year. Further the company had
taken various steps to improve activities of the company. In view of various
strategic steps, the company has continued with the trading activities. The
management of the company is confident of a gradual and consistent increase in
turnover for the company in the year ahead.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge identification
number of the modified |
10247684 |
|
Corporate
identity number of the company |
U23200MH1998PTC113942 |
|
Name of the
company |
KK INDIA
PETROLEUM SPECIALITIES PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
706, Palm Spring Centre, |
|
Type of charge |
Book Debts Floating Charge |
|
Particular of
charge holder |
Citi Bank N.A., Trent House, 2nd Floor, G Block, Plot No.
C-60, Bandra Kurla Complex, Bandra (East), Mumbai-400051, Maharashtra, India Email: vlaxman@vsnl.com |
|
Nature of description
of the instrument creating or modifying the charge |
Deed of
Modification. |
|
Date of
instrument Creating the charge |
16.01.2012 |
|
Amount secured by
the charge |
Rs.11.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest to be
charged at such rate/s as may be determined by the Bank from time to time. Terms of Repayment On demand. Margin As may be
stipulated by the Bank from time to time. Extent and Operation of the charge The Current
Assets to the Bank more particularly hypothecated by way of first exclusive
charge, as security for the repayment of Rs.11.0000 Millions, together with
all interest, liquidated damages, premia on prepayment or on redemption,
costs, charges and other expenses payable by the Company to the Bank. Others Nil |
|
Short particulars
of the property charged |
Hypothecation of
stocks, book-debts and receivable of the company. |
|
Particulars of the
present modification |
The charge shall
now stand increased from Rs.5.000 Millions to Rs.11.000 Millions, in favour of Citibank N.A. |
FIXED ASSETS:
·
Computer
·
Furniture
·
Plant and Machinery
·
Car
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.54.17 |
|
|
1 |
Rs.86.83 |
|
Euro |
1 |
Rs.69.85 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
44 |
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.