MIRA
INFORM REPORT
|
Report Date : |
10.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
EXPERT 3D SOLUTIONS PRIVATE LIMITED (w.e.f. 09.04.2009) |
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Formerly Known
As : |
THREE D INNOVATIONS PRIVATE LIMITED |
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Registered
Office : |
1st Floor, Sarada Arcade Friends Co-Operative Housing Society, Station
Road, Aurangabad – 431005, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
18.09.2008 |
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Com. Reg. No.: |
55-219193 |
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Capital
Investment / Paid-up Capital : |
Rs.1.000 Million |
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CIN No.: [Company Identification
No.] |
U74900MH2008PTC219193 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEE02506A |
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PAN No.: [Permanent Account No.] |
AADCT0670P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Designing and Development of Software Solutions. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 36000 |
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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 a satisfactory track record. There appears some dip in the profits during 2012. However, trade
relations are reported as decent. Business is active. Payment terms are
usually correct and as per commitment. The concern 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 DENIED BY
|
Name : |
Mr. Ajay |
|
Designation : |
Director |
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Contact No.: |
91-9890600623 |
|
Date : |
09.04.2013 |
LOCATIONS
|
Registered Office : |
1st Floor, Sarada Arcade Friends Co-Operative Housing Society, Station
Road, Aurangabad – 431005, Maharashtra, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Branch Office : |
Located at: ·
Pune ·
Bangalore ·
Aurangabad ·
Kedgaon |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Rahul Vithal Sanap |
|
Designation : |
Director |
|
Address : |
Swami Samarth Road, A/P Kedgaon, Taluka Daund, District Pune – 412203,
Maharashtra, India |
|
Date of Birth/Age : |
29.05.1971 |
|
Date of Appointment : |
18.09.2008 |
|
DIN No.: |
00217960 |
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|
|
|
Name : |
Mr. Ajay Dattaji Deshkar |
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Designation : |
Director |
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Address : |
Ushakiran Apartment, Dnyeshwar Nagar, Garkheda, Aurangabad – 431005,
Maharashtra, India |
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Date of Birth/Age : |
23.01.1967 |
|
Date of Appointment : |
03.02.2009 |
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DIN No.: |
01684911 |
KEY EXECUTIVES
|
Name : |
MRM Associates |
|
Designation : |
Company Secretaries |
|
Address : |
First Floor, Dnyan Sudha Apartments, 77, Vijayanagar Colony, 2147,
Sadashiv Peth, Pune – 411030, Maharashtra, India |
|
Tel. No.: |
91-20-24325075/ 24320368/ 24324288 |
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Fax No.: |
91-20-24325075/ 24320368/ 24324288 |
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E-mail : |
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Website : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Rahul Vithal Sanap |
|
50000 |
|
Expert Global Solutions Private Limited, India |
|
50000 |
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Total |
|
100000 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
Bodies corporate |
|
50.00 |
|
Directors or relatives of directors |
|
50.00 |
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Designing and Development of Software Solutions. |
GENERAL INFORMATION
|
Customers : |
·
Endurance ·
Kalyani ·
BKT ·
Tata Toya ·
Lumax ·
S M Auto ·
Ganage ·
Minda ·
PAL ·
Forbes Marshall ·
Grind Master ·
PMT Machines ·
Neilsoft ·
Textron |
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No. of Employees : |
Information declined by the management |
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Bankers : |
·
Saraswat Bank · Janata Sahakari Bank Limited Pune, Aurangabad Branch, Opposite Gomtesh Market, Dalalwadi, Aurangabad - 431001, Maharashtra, India |
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Facilities : |
(Rs.
In Millions)
Note: 1.
First charge on Stock, Plant and Machinery and
Furniture. 2.
Personal guarantee of Directors. 3.
Corporate guarantee of Associates Company. 4.
Mortgage of Building of Associates Company. |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
J. N. Sovani and Company Chartered Accountants |
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Address : |
8 Shri Alok Society, 216 Sadashiv Peth, Near Dandekar Bridge, Pune –
411030, Maharashtra, India |
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Tel. No.: |
91-20-24332385 |
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Mobile No.: |
91-9822011781 |
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PAN No.: |
ADWPS9211J |
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Associate Company : |
Export Global Solutions Private Limited |
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Associate Entity : |
3D Engineering |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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|
SHAREHOLDERS FUNDS |
|
|
|
|
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1] Share Capital |
1.000 |
1.000 |
1.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
8.068 |
5.051 |
0.104 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
9.068 |
6.051 |
1.104 |
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|
LOAN FUNDS |
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|
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1] Secured Loans |
9.091 |
1.627 |
1.667 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
9.091 |
1.627 |
1.667 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.175 |
0.000 |
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TOTAL |
18.159 |
7.853 |
2.771 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
3.068 |
2.786 |
0.504 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.375 |
0.375 |
0.175 |
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DEFERREX TAX ASSETS |
0.291 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
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Inventories |
0.000
|
2.864 |
0.000 |
|
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Sundry Debtors |
21.406
|
14.309 |
5.136 |
|
|
Cash & Bank Balances |
4.560
|
2.730 |
2.200 |
|
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Other Current Assets |
2.729
|
3.207 |
0.000 |
|
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Loans & Advances |
0.714
|
0.744 |
0.695 |
|
Total
Current Assets |
29.409
|
23.854 |
8.031 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
8.871
|
8.904 |
1.726 |
|
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Other Current Liabilities |
5.534
|
6.095 |
2.851 |
|
|
Provisions |
0.579
|
4.163 |
1.431 |
|
Total
Current Liabilities |
14.984
|
19.162 |
6.008 |
|
|
Net Current Assets |
14.425
|
4.692 |
2.023 |
|
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|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.069 |
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TOTAL |
18.159 |
7.853 |
2.771 |
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PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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SALES |
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|
|
|
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Income |
69.025 |
63.263 |
16.103 |
|
|
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Other Income |
2.508 |
0.788 |
0.000 |
|
|
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TOTAL (A) |
71.533 |
64.051 |
16.103 |
|
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|
|
|
|
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|
Less |
EXPENSES |
|
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|
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|
Office Expenses |
|
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Administrative Expenses |
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Advertising Expenses |
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TOTAL (B) |
67.085 |
54.124 |
15.340 |
|
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|
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
4.448 |
9.927 |
0.763 |
|
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|
|
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|
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|
Less |
FINANCIAL
EXPENSES (D) |
0.419 |
0.319 |
0.012 |
|
|
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|
|
|
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|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4.029 |
9.608 |
0.751 |
|
|
|
|
|
|
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.990 |
0.343 |
0.060 |
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|
|
|
|
|
|
|
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|
PROFIT BEFORE
TAX (E-F) (G) |
3.039 |
9.265 |
0.691 |
|
|
|
|
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|
|
|
|
Less |
TAX (H) |
0.022 |
3.147 |
0.470 |
|
|
|
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|
|
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|
PROFIT AFTER TAX
(G-H) (I) |
3.017 |
6.118 |
0.221 |
|
|
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|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4.440 |
0.104 |
NA |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
NA |
NA |
0.117 |
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
8.068 |
5.052 |
0.104 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
30.17 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.22 |
9.55 |
1.37 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.40 |
14.65 |
4.29 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.36 |
34.78 |
8.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34 |
1.53 |
0.63 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.00 |
0.27 |
1.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.96 |
1.24 |
1.34 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS:
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors
|
|
|
|
|
Trade payable outstanding beyond normal operating cycle |
-- |
-- |
|
|
Others due within normal operating cycle |
8.871
|
8.904 |
|
|
|
|
|
|
|
Total |
8.871
|
8.904 |
1.726 |
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
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 |
No |
Note:
The Registered Office of the company has been shifted from Landmark
Commercial Complex, 3rd Floor, Office No 9 and10, S No 133/135, Paud Road,
Kothrud, Pune – 411038, Maharashtra, India to the present address
w.e.f. 12.05.2009
FUTURE PROSPECTS
The company is in expansion phase and during the financial year 2011-12, company has achieved turnover of Rs.69.025 Millions as compared to Rs.63.263 Millions during the last year and recorded net profit is Rs.3.017 Millions as compared to Rs. 6.118 Millions during the last year.
The sustained efforts of the director to increase the sales and services with its continued focus on the quality have yielded desired results. Board of Directors of the company is confident that the business of the company will flourish in future and the turnover and profitability of the company will improve.
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration number
of the company |
U74900MH2008PTC219193 |
|
Name of the
company |
EXPERT 3D
SOLUTIONS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
1st Floor, Sarada Arcade Friends Co-Operative Housing Society, Station
Road, Aurangabad – 431005, Maharashtra, India E-mail: nehad@expertgs.com |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10259559 |
|
Type of charge |
·
Book
debts ·
Movable
property (not being pledge) |
|
Particular of
charge holder |
Janata Sahakari Bank Limited Pune, Aurangabad Branch, Opposite Gomtesh Market, Dalalwadi, Aurangabad - 431001, Maharashtra, India E-mail: mdr.rocmail@gmail.com
|
|
Nature of
instrument creating charge |
Hypothecation of
Goods and Book Debts to secure Cash Credit Facility |
|
Date of
instrument Creating the charge |
26.03.2012 |
|
Amount secured by
the charge |
Rs.10.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest @ 4% p.a.
over prevailing Bank Rate 13.50% p.a. with monthly rests or such other rate
as may be decided by the bank from time to time. Terms of
Repayment Terms and
Conditions as per decided by bank from time to time. Margin 30% Extent and Operation
of the charge The Bank has
sanctioned additional CC / LC facility (interchangeable) of Rs. 2.500
Millions against hypothecation on book debts and stock (present and future)
in favour of Bank. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
First charge by
way of Hypothecation on book debts and stock (present and future). |
|
Date of
instrument modifying the charge |
22.12.2010 |
|
Particulars of
the present modification |
Through this
modification the bank has sanctioned additional CC / LC facility
(interchangeable) against hypothecation on book debts and stock (present and
future). Consequent to the same the existing charge has enhanced from Rs.
8.000 Millions to Rs. 10.500 Millions. |
FIXED ASSETS
Tangible Assets
· Computer Hardware
· UPS and Batteries
· Networking Items
· Furniture and Fixture
· Inverter
· Office Equipment
· Office Interior
· Electrical Fitting
· LCD Projector
Intangible Assets
· Software
· Card Scan System
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.54.46 |
|
|
1 |
Rs.83.13 |
|
Euro |
1 |
Rs.70.99 |
INFORMATION DETAILS
|
Information Gathered
by : |
JML |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
6 |
|
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 |
6 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.