MIRA INFORM REPORT
|
Report Date : |
04.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
INDIAN COMPRESSORS LIMITED |
|
|
|
|
Formerly Known
As : |
DIDWANIA BROTHERS LIMITED (w.e.f.16.05.1988) DIDWANIA BROTHERS PRIVATE
LIMITED |
|
|
|
|
Registered
Office : |
33 and 35, Okhla Industrial Estate, New Delhi - 110020 |
|
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|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
26.08.1943 |
|
|
|
|
Com. Reg. No.: |
55-000712 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 50.044
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34300DL1943PLC000712 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELI00656F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI0752Q |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Supplier of Specialised Air and Gas Compressors, Cylinder,
Related Accessories and Spares. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 830000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject is an old and well established company having satisfactory
track record. 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 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
NSIC Rating : SP2B |
|
Rating Explanation |
Performance capability is high and financial
strength is moderate. |
|
Date |
February 2013 |
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.
LOCATIONS
|
Registered Office : |
33 and 35, Okhla Industrial Estate, New Delhi – 110020, India |
|
Tel. No.: |
91-11-30839000/ 41612183 |
|
Fax No.: |
91-11-26840020/ 26839440 |
|
E-Mail : |
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|
Website : |
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|
Factory : |
33, 35, and 37 Okhla Industrial Estate, New Delhi - 110020, India |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Girdhari Lal Didwania |
|
Designation : |
Chairman |
|
Address : |
173, Western Avenue, Sanik Farms, New Delhi – 110062, India |
|
Date of Birth/Age : |
02.12.1923 |
|
Date of Appointment : |
01.11.1944 |
|
DIN No : |
00293221 |
|
|
|
|
Name : |
Mr. Hemant Didwania |
|
Designation : |
Managing Director |
|
Address : |
173, Western Avenue, Sanik Farms, New Delhi – 110062, India |
|
Date of Birth/Age : |
13.09.1958 |
|
Qualification : |
MBA |
|
Date of Appointment : |
14.08.1978 |
|
DIN No : |
00293358 |
|
|
|
|
Name : |
Mrs. Nandita Didwania |
|
Designation : |
Director |
|
Address : |
173, Western Avenue, Sanik Farms, New Delhi – 110062, India |
|
Date of Birth/Age : |
22.05.1964 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.03.2002 |
|
DIN No : |
00332162 |
|
|
|
|
Name : |
Mr. Siddharth Dalmia |
|
Designation : |
Director |
|
Address : |
38, Hira Nagar, Ajmer Road, Jaipur – 302001, Rajasthan, India |
|
Date of Birth/Age : |
24.04.1967 |
|
Date of Appointment : |
01.03.2003 |
|
DIN No: |
00311671 |
|
|
|
|
Name : |
Mr. Ujjwal Didwania |
|
Designation : |
Director |
|
Address : |
173, Western Avenue, Sanik Farms, New Delhi – 110062, India |
|
Date of Birth/Age : |
21.12.1988 |
|
Qualification : |
MBA |
|
Date of Appointment : |
01.01.2009 |
|
DIN No: |
02480821 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
Girdhari Lal Didwania |
904928 |
|
Hemant Didwania |
755398 |
|
Nandita Didwania |
53081 |
|
Unnati Didwania |
45072 |
|
Give Take Trade and Credit Private Limited, India |
1589760 |
|
Ujjwal Didwania |
73403 |
|
Nipro Trexim, Private Limited, India |
1409100 |
|
Hemant Didwania (HUF) |
166700 |
|
|
|
|
Total |
4997442 |
AS ON 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
60.00 |
|
Directors
or relatives of directors |
|
40.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Specialised Air and Gas Compressors,
Cylinder, Related Accessories and Spares. |
||||||
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|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Actual
Production [Qty.] |
|
Compressors : |
|
|
CNG |
12 |
|
Diaphragm |
19 |
|
Others |
19 |
|
Pumps and
Vaporisors: |
84 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
Bank of India,
1Paras Cinema Building, Nehru Place, New Delhi - 110019, India |
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Facilities : |
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Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
B. Chhawchharia
and Company Chartered Accountants |
|
Address : |
K-3/27, DLF
City, Phase-11, Gurgaon - 122002, Haryana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAFPD3201P |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5500000 |
Equity Shares |
Rs. 10/- each |
Rs. 55.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4997442 |
Equity Shares |
Rs. 10/- each |
Rs. 49.974 Millions
|
|
|
Add: Forfeited Shares |
|
Rs. 0.070
Million |
|
|
Total |
|
Rs. 50.044 Millions |
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 |
|
|
|
|
|
1] Share Capital |
50.044 |
50.044 |
50.044 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
158.126 |
147.069 |
138.175 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
208.170 |
197.113 |
188.219 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
104.664 |
91.001 |
26.439 |
|
|
2] Unsecured Loans |
11.012 |
10.711 |
103.286 |
|
|
TOTAL BORROWING |
115.676 |
101.712 |
129.725 |
|
|
DEFERRED TAX LIABILITIES |
4.965 |
5.721 |
6.652 |
|
|
|
|
|
|
|
|
TOTAL |
328.811 |
304.546 |
324.596 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
73.386 |
73.896 |
75.047 |
|
|
Capital work-in-progress |
4.651 |
0.439 |
1.858 |
|
|
|
|
|
|
|
|
INVESTMENT |
39.805 |
22.805 |
22.805 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
108.175
|
89.344 |
114.544 |
|
|
Sundry Debtors |
77.086
|
100.977 |
92.308 |
|
|
Cash & Bank Balances |
14.562
|
34.549 |
17.693 |
|
|
Other Current Assets |
9.782
|
10.745 |
11.754 |
|
|
Loans & Advances |
71.509
|
34.018 |
52.011 |
|
Total
Current Assets |
281.114
|
269.633 |
288.310 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
9.309
|
11.897 |
11.819 |
|
|
Other Current Liabilities |
43.706
|
39.100 |
36.323 |
|
|
Provisions |
17.130
|
11.230 |
15.325 |
|
Total
Current Liabilities |
70.145
|
62.227 |
63.467 |
|
|
Net Current Assets |
210.969
|
207.406 |
224.843 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.043 |
|
|
|
|
|
|
|
|
TOTAL |
328.811 |
304.546 |
324.596 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
205.789 |
204.598 |
179.984 |
|
|
|
Other Income |
13.788 |
4.378 |
2.935 |
|
|
|
TOTAL (A) |
219.577 |
208.976 |
182.919 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
114.336 |
96.082 |
87.611 |
|
|
|
Purchase of stock in trade |
4.852 |
6.598 |
10.677 |
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(16.046) |
8.151 |
(15.095) |
|
|
|
Employee benefit expense |
26.523 |
22.467 |
22.061 |
|
|
|
Other expenses |
59.969 |
48.142 |
48.674 |
|
|
|
TOTAL (B) |
189.634 |
181.440 |
153.928 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
29.943 |
27.536 |
28.991 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.133 |
0.532 |
4.101 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
28.810 |
27.004 |
24.890 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
12.609 |
12.836 |
14.166 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
16.201 |
14.168 |
10.724 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.144 |
5.273 |
5.488 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
11.057 |
8.895 |
5.236 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
3.991 |
2.596 |
1.360 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
7.500 |
7.500 |
4.000 |
|
|
BALANCE CARRIED
TO THE B/S |
7.548 |
3.991 |
2.596 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
N.A. |
20.434 |
24.929 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
|
N.A. |
6.598 |
10.677 |
|
|
|
Raw Materials |
|
33.717 |
24.708 |
|
|
|
Components |
|
0.000 |
4.623 |
|
|
TOTAL IMPORTS |
N.A. |
40.315 |
40.008 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) : |
|
|
|
|
|
|
Basic |
2.21 |
1.78 |
1.05 |
|
|
|
Diluted |
0.79 |
0.64 |
0.37 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
5.04
|
4.26 |
2.86 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.87
|
6.92 |
5.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.57
|
4.12 |
2.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.07 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.55
|
0.52 |
0.69 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.01
|
4.33 |
4.54 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
10] |
Designation of contact
person |
No |
|
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] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Other loans and advances |
11.012 |
10.711 |
|
Total |
11.012 |
10.711 |
FINANCIAL RESULTS
The working of the
Company during the year shows a net profit of Rs. 16.201 Millions after
providing for depreciation of Rs.12.609 Millions and after adjustment for
Current year. Out of the profit after tax Rs.5.900 Millions and brought forward
surplus of Rs. 11.057 Millions an amount of Rs. 7.500 Millions was transferred
to General Reserve and surplus of Rs. 7.547 Millions was carried to the Balance
Sheet.
MANAGEMENT
DISCUSSION AND ANALYSIS
The Company had a
satisfactory year of performance, particularly in the backdrop of global
meltdown of overall economy. The efforts made by the Company in the past few
years came handy to tackle on the most difficult periods. Company’s
international operation through its wholly owned subsidiary has been a success
in China. Even though its turnover has decreased marginally this year the
directors are hopeful to achieve a better growth in the current Financial Year.
CONTINGENT
LIABILITIES (NOT PROVIDED FOR) IN RESPECT OF:
(Rs.
in millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
|
Bank Guarantees |
21.659 |
23.058 |
|
Income Tax demands under appeal (A.Y 2007-08 & 2008-09) |
3.599 |
3.599 |
|
Sales Tax demands under appeal (F.Y 01-02 & 03-04) |
2.026 |
2.026 |
|
Claims against the company not acknowledge as debts |
1.003 |
1.003 |
FIXED ASSETS:
Ø
Building
Ø
Plant
and Machinery
Ø
Air
Conditioners
Ø
Vehicles
Ø
Office
Equipments
Ø
Computers
Ø
Electrical
Installation
Ø
Furniture
and Fixtures
Ø
Capital
work in Progress Building
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 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. 54.39 |
|
|
1 |
Rs. 82.05 |
|
Euro |
1 |
Rs. 69.59 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.