|
Report Date : |
11.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
Kalai Trdaings |
|
|
|
|
Registered Office : |
32
Laluan Perusahaan Kledang 3, Tmn Perindustrian Chandan Raya, 31450 Menglembu,
Perak |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Date of Incorporation : |
22.02.1990 |
|
|
|
|
Com. Reg. No.: |
IP0058808-U |
|
|
|
|
Legal Form : |
Partnership. |
|
|
|
|
Line of Business : |
Trading
of Food Products, Spices. |
|
|
|
|
No. of Employees : |
10 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
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 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Malaysia |
A2 |
A2 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
MALAYSIA - ECONOMIC
OVERVIEW
Malaysia, a middle-income
country, has transformed itself since the 1970s from a producer of raw
materials into an emerging multi-sector economy. Under current Prime Minister
NAJIB, Malaysia is attempting to achieve high-income status by 2020 and to move
farther up the value-added production chain by attracting investments in
Islamic finance, high technology industries, biotechnology, and services. The
NAJIB administration also is continuing efforts to boost domestic demand and
reduce the economy's dependence on exports. Nevertheless, exports -
particularly of electronics, oil and gas, palm oil and rubber - remain a
significant driver of the economy. As an oil and gas exporter, Malaysia has
profited from higher world energy prices, although the rising cost of domestic
gasoline and diesel fuel, combined with strained government finances, has
forced Kuala Lumpur to begin to reduce government subsidies. The government is
also trying to lessen its dependence on state oil producer Petronas. The oil
and gas sector supplies more than 40% of government revenue. The central bank
maintains healthy foreign exchange reserves, and a well-developed regulatory
regime has limited Malaysia''s exposure to riskier financial instruments and
the global financial crisis. Nevertheless, Malaysia could be vulnerable to a
fall in commodity prices or a general slowdown in global economic activity
because exports are a major component of GDP. In order to attract increased
investment, NAJIB has raised possible revisions to the special economic and social
preferences accorded to ethnic Malays under the New Economic Policy of 1970,
but he has encountered significant opposition, especially from Malay
nationalists and other vested interests.
|
Source : CIA |
EXECUTIVE SUMMARY
|
|
REGISTRATION
NO. |
: |
IP0058808-U |
|
COMPANY
NAME |
: |
KALAI
TRADING |
|
COMMENCEMENT
DATE |
: |
22/02/1990 |
|
REGISTRATION
DATE |
: |
26/02/1990 |
|
EXPIRY
DATE |
: |
25/02/2018 |
|
BUSINESS
CONSTITUTION |
: |
PARTNERSHIP |
|
|
|
|
|
|
|
|
|
|
|
|
|
BUSINESS
ADDRESS |
: |
32
LALUAN PERUSAHAAN KLEDANG 3, TMN PERINDUSTRIAN CHANDAN RAYA, 31450 MENGLEMBU,
PERAK, MALAYSIA. |
|
TEL.NO. |
: |
05-2812195 |
|
FAX.NO. |
: |
N/A |
|
CONTACT
PERSON |
: |
KALAI
( STAFF ) |
|
|
|
|
|
INDUSTRY
CODE |
: |
46329
|
|
PRINCIPAL
ACTIVITY |
: |
TRADING
OF FOOD PRODUCTS, SPICES |
|
|
|
|
|
STAFF
STRENGTH |
: |
10
[2013] |
|
BANKER
(S) |
|
MALAYAN
BANKING BHD |
|
LITIGATION |
: |
CLEAR |
|
DEFAULTER
CHECK |
: |
CLEAR |
|
|
|
|
|
PAYMENT |
: |
N/A |
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL
RISK |
: |
HIGH |
|
CURRENCY
EXPOSURE |
: |
N/A |
|
GENERAL
REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY
OUTLOOK |
: |
AVERAGE
GROWTH |
HISTORY / BACKGROUND
|
The
SC commenced its business on 22/02/1990 as a PARTNERSHIP.
The
SC is a partnership firm registered under the Business Registration Act. The
partners liabilities are unlimited, that is, if the partnership is not able to
meet its obligations, the partners have to be personally liable for the debts
incurred. The SC's ownership is transferable with consent of the other
partners. The SC as a partnership firm is governed by the Partnership Act. The
SC is not required to file in its financial statements with the Registry of
Business.
The
SC is principally engaged in the (as a / as an) trading of food products,
spices.
The
SC is not listed on Bursa Malaysia (Malaysia Stock Exchange).
The
owner of the SC are shown as follows :
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
MR.
RASENDERAN A/L SUBRAMANIAM |
29,
KAWASAN TAMBAHAN JALAN TAIPING JELAPANG, , 30020 IPOH, PERAK, MALAYSIA. |
600528-08-6009
5932350 |
50.00 |
50.00 |
|
MS.
VALLI A/P TANGKAYA |
29,
KAWASAN TAMBAHAN JALAN TAIPING JELAPANG, , 30020 IPOH, PERAK, MALAYSIA. |
610612-08-5788
7074020 |
50.00 |
50.00 |
|
|
|
|
--------------- |
------ |
|
|
|
|
100.00 |
100.00 |
|
|
|
|
============ |
===== |
OWNERS
|
OWNER(S)
1
|
Name
Of Subject |
: |
MR.
RASENDERAN A/L SUBRAMANIAM |
|
Address |
: |
29,
KAWASAN TAMBAHAN JALAN TAIPING JELAPANG, 30020 IPOH, PERAK, MALAYSIA. |
|
IC
/ PP No |
: |
5932350 |
|
New
IC No |
: |
600528-08-6009 |
|
Date
of Birth |
: |
28/05/1960 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
23/07/1992 |
|
Shareholding |
: |
50%
|
|
|
|
|
|
|
|
|
|
|
|
|
OWNER(S)
2
|
Name
Of Subject |
: |
MS.
VALLI A/P TANGKAYA |
|
Address |
: |
29,
KAWASAN TAMBAHAN JALAN TAIPING JELAPANG, 30020 IPOH, PERAK, MALAYSIA. |
|
IC
/ PP No |
: |
7074020 |
|
New
IC No |
: |
610612-08-5788 |
|
Date
of Birth |
: |
12/06/1961 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
22/02/1990 |
|
Shareholding |
: |
50%
|
|
|
|
|
|
|
|
|
|
|
|
|
MANAGEMENT
|
|
1)
|
Name
of Subject |
: |
KALAI |
|
|
Position |
: |
STAFF |
AUDITOR
|
No Auditor found in our databank
BANKING
|
Banking relations are maintained principally with :
|
1)
|
Name |
: |
MALAYAN
BANKING BHD |
|
|
|
|
|
|
The
SC enjoys normal banking routine with above mentioned banker(s). No adverse
record was found during our investigation. |
LEGAL CHECK AGAINST SC
|
* A check has been conducted in our databank againt the SC whether the subject
has been involved in any litigation. Our databank consists of 99% of the wound
up companies in Malaysia.
No legal action was found in our databank.
DEFAULTER CHECK AGAINST SC
|
* We have checked through the SC in our defaulters' database which comprised of
debtors that have been blacklisted by our customers and debtors that have been
placed or assigned to us for collection since 1990. Information was provided by
third party where the debt amount can be disputed. Please check with creditors
for confirmation as alleged debts may have been paid since recorded or are
being disputed.
No blacklisted record & debt collection case was found in our defaulters'
databank.
PAYMENT RECORD
|
|
SOURCES
OF RAW MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
|
|
|
|
The SC refused to disclose its suppliers.
CLIENTELE
|
|
Local |
: |
YES |
Percentage |
: |
100% |
|
Domestic
Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
NO |
|
|
|
|
|
|
|
|
|
|
|
Credit
Term |
: |
30
- 60 DAYS |
|||
|
|
|
|
|
|
|
|
Payment
Mode |
: |
CHEQUES |
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATIONS
|
|
Goods
Traded |
: |
FOOD
PRODUCTS, SPICES
|
|
|
|
|
|
|
Total
Number of Employees: |
||
|
YEAR |
2013 |
|
|
GROUP |
N/A |
|
|
COMPANY |
10 |
|
|
Branch |
: |
YES
|
||
|
Branch(es) |
: |
29,
KAWASAN TAMBAHAN, JALAN TAIPING, JELAPANG, 30020 IPOH, PERAK, MALAYSIA.
|
Other
Information:
The SC is principally engaged in the (as a / as an) trading of food products,
spices.
The SC supplies sundry goods, spices and foods products.
PROJECTS
|
No projects found in our databank
CURRENT INVESTIGATION
|
Latest
fresh investigations carried out on the SC indicated that:
|
Telephone
Number Provided By Client |
: |
05-2812195 |
|
Current
Telephone Number |
: |
05-2812195 |
|
Match |
: |
YES |
|
Address
Provided by Client |
: |
NO.
32 LALUAN PERUSAHAA KELEDANG 3 KAWASAN PERINDUSTRIAN CHANDAN RAYA 31450
MENGLEMBU IPOH PERAK |
|
Current
Address |
: |
32
LALUAN PERUSAHAAN KLEDANG 3, TMN PERINDUSTRIAN CHANDAN RAYA, 31450 MENGLEMBU,
PERAK, MALAYSIA. |
|
Match |
: |
YES |
Other
Investigations
On 8th February 2013 we contacted one of the staff from the SC and she provided
some information on the SC.
The SC's fax facility is out of order.
FINANCIAL ANALYSIS
|
|
We
are unable to comment on the SC financial position as the SC is not required
by the law to file its financial statement in the Registrar of Business. |
||||||
|
|
|
|
|
|
|
|
|
Overall
financial condition of the SC : N/A |
||||||
MALAYSIA ECONOMIC / INDUSTRY OUTLOOK
|
|
Major Economic Indicators: |
2008 |
2009 |
2010 |
2011* |
2012** |
|
|
|
|
|
|
|
|
Population
( Million) |
27.73 |
28.13 |
28.35 |
28.70 |
29.10 |
|
Gross
Domestic Products ( % ) |
4.6 |
<0.5> |
7.2 |
5.5 |
5.3 |
|
Domestic
Demand ( % ) |
6.9 |
2.9 |
6.3 |
4.8 |
7.6 |
|
Private
Expenditure ( % ) |
7.1 |
<2.7> |
8.1 |
7.0 |
8.7 |
|
Consumption
( % ) |
8.4 |
0.7 |
6.7 |
6.3 |
7.1 |
|
Investment
( % ) |
1.5 |
<17.2> |
17.7 |
16.2 |
15.9 |
|
Public
Expenditure ( % ) |
6.5 |
5.2 |
3.8 |
7.6 |
4.7 |
|
Consumption
( % ) |
11.6 |
3.1 |
0.2 |
8.9 |
3.0 |
|
Investment
( % ) |
0.7 |
8.0 |
2.8 |
0.6 |
7.0 |
|
|
|
|
|
|
|
|
Balance
of Trade ( MYR Million ) |
129,563 |
89,650 |
118,356 |
116,058 |
- |
|
Government
Finance ( MYR Million ) |
<34,462> |
<28,450> |
<40,482> |
<45,511> |
<43,021> |
|
Government
Finance to GDP / Fiscal Deficit ( % ) |
<4.8> |
<4.8> |
<5.6> |
<5.4> |
<4.7> |
|
Inflation
( % Change in Composite CPI) |
<3.3> |
<5.2> |
5.1 |
3.1 |
- |
|
Unemployment
Rate |
3.7 |
4.5 |
3.9 |
3.3 |
- |
|
|
|
|
|
|
|
|
Net
International Reserves ( MYR Billion ) |
388 |
331 |
329 |
415 |
- |
|
Average
Risk-Weighted Capital Adequacy Ratio ( % ) |
1.91 |
2.87 |
2.20 |
3.50 |
- |
|
Average
3 Months of Non-performing Loans ( % ) |
13.24 |
11.08 |
15.30 |
14.80 |
- |
|
Average
Base Lending Rate ( % ) |
6.72 |
5.53 |
6.30 |
6.60 |
- |
|
Business
Loans Disbursed( % ) |
11.6 |
10.5 |
14.7 |
15.3 |
- |
|
Foreign
Investment ( MYR Million ) |
23,261.4 |
22,156.8 |
22,517.9 |
23,546.1 |
- |
|
Consumer
Loans ( % ) |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
Registration
of New Companies ( No. ) |
41,599 |
41,578 |
44,148 |
- |
- |
|
Registration
of New Companies ( % ) |
<4.0> |
<0.1> |
6.2 |
- |
- |
|
Liquidation
of Companies ( No. ) |
27,992 |
39,075 |
25,585 |
- |
- |
|
Liquidation
of Companies ( % ) |
23.7 |
39.6 |
<34.5> |
- |
- |
|
|
|
|
|
|
|
|
Registration
of New Business ( No. ) |
269,866 |
312,581 |
271,414 |
- |
- |
|
Registration
of New Business ( % ) |
- |
- |
- |
- |
- |
|
Business
Dissolved ( No. ) |
18,885 |
19,345 |
19,738 |
- |
- |
|
Business
Dissolved ( % ) |
<7.6> |
2.4 |
2.0 |
- |
- |
|
|
|
|
|
|
|
|
Sales
of New Passenger Cars (' 000 Unit ) |
497.5 |
486.3 |
543.6 |
363.0 |
- |
|
Cellular
Phone Subscribers ( Million ) |
25.1 |
30.1 |
32.8 |
35.3 |
- |
|
Tourist
Arrival ( Million Persons ) |
21.5 |
23.6 |
24.6 |
25.3 |
- |
|
Hotel
Occupancy Rate ( % ) |
68.0 |
58.0 |
63.0 |
51.3 |
- |
|
|
|
|
|
|
|
|
Credit
Cards Spending ( % ) |
17.1 |
12.8 |
14.1 |
15.6 |
- |
|
Bad
Cheque Offenders (No.) |
34,834 |
36,667 |
33,568 |
27,208 |
- |
|
Individual
Bankruptcy ( No.) |
13,907 |
16,228 |
18,119 |
16,155 |
- |
|
Individual
Bankruptcy ( % ) |
5.1 |
16.7 |
11.7 |
<10.8> |
- |
|
INDUSTRIES ( % of Growth ): |
2008 |
2009 |
2010 |
2011* |
2012** |
|
|
|
|
|
|
|
|
Agriculture |
3.6 |
0.4 |
2.1 |
4.7 |
4.1 |
|
Palm
Oil |
7.0 |
<1.1> |
<3.4> |
7.3 |
- |
|
Rubber |
<1.1> |
<19.8> |
9.9 |
6.4 |
- |
|
Forestry
& Logging |
<1.5> |
<5.9> |
<3.3> |
<4.7> |
- |
|
Fishing |
4.0 |
5.5 |
5.6 |
2.8 |
- |
|
Other
Agriculture |
5.9 |
9.0 |
7.9 |
8.5 |
- |
|
Industry
Non-Performing Loans ( MYR Million ) |
393.0 |
413.7 |
508.4 |
634.1 |
- |
|
%
of Industry Non-Performing Loans |
<2.0> |
1.3 |
2.1 |
3.2 |
- |
|
|
|
|
|
|
|
|
Mining |
<0.8> |
<3.8> |
0.2 |
<2.4> |
2.5 |
|
Oil
& Gas |
12.7 |
2.1 |
0.5 |
<1.7> |
- |
|
Other
Mining |
- |
- |
- |
- |
- |
|
Industry
Non-performing Loans ( MYR Million ) |
36.0 |
44.2 |
49.7 |
46.5 |
- |
|
%
of Industry Non-performing Loans |
0.1 |
0.1 |
0.1 |
0.1 |
- |
|
|
|
|
|
|
|
|
Manufacturing
# |
1.3 |
<9.4> |
11.4 |
5.6 |
4.5 |
|
Exported-oriented
Industries |
2.7 |
<19.0> |
12.1 |
2.8 |
- |
|
Electrical
& Electronics |
2.4 |
<30.3> |
28.4 |
<4.9> |
- |
|
Rubber
Products |
4.2 |
<10.1> |
25.3 |
15.4 |
- |
|
Wood
Products |
<6.0> |
<24.1> |
20.1 |
<7.3> |
- |
|
Textiles
& Apparel |
1.9 |
<19.5> |
<0.4> |
14.8 |
- |
|
Domestic-oriented
Industries |
9.9 |
<9.8> |
16.3 |
6.3 |
- |
|
Food,
Beverages & Tobacco |
9.5 |
0.2 |
3.0 |
4.2 |
- |
|
Chemical
& Chemical Products |
1.4 |
<7.7> |
16.2 |
5.6 |
- |
|
Plastic
Products |
6.5 |
<9.1> |
2.4 |
3.8 |
- |
|
Iron
& Steel |
16.8 |
<32.7> |
29.3 |
2.4 |
- |
|
Fabricated
Metal Products |
14.7 |
<2.5> |
14.9 |
25.2 |
- |
|
Non-metallic
Mineral |
8.3 |
<15.5> |
20.2 |
16.3 |
- |
|
Transport
Equipment |
27.1 |
<13.5> |
36.5 |
<9.4> |
- |
|
Paper
& Paper Products |
8.6 |
<5.0> |
18.7 |
15.6 |
- |
|
Crude
Oil Refineries |
7.8 |
0.2 |
<11.4> |
9.3 |
- |
|
Industry
Non-Performing Loans ( MYR Million ) |
5,729.4 |
6,007.3 |
6,217.5 |
6,537.2 |
- |
|
%
of Industry Non-Performing Loans |
16.8 |
18.3 |
23.8 |
25.7 |
- |
|
|
|
|
|
|
|
|
Construction |
2.1 |
5.8 |
5.1 |
4.4 |
7.0 |
|
Industry
Non-Performing Loans ( MYR Million ) |
4,149.8 |
3,241.8 |
4,038.5 |
3,856.9 |
- |
|
%
of Industry Non-Performing Loans |
12.2 |
9.9 |
10.7 |
10.2 |
- |
|
|
|
|
|
|
|
|
Services |
7.3 |
2.6 |
6.5 |
6.4 |
6.5 |
|
Electric,
Gas & Water |
5.0 |
0.4 |
8.5 |
5.6 |
4.8 |
|
Transport,
Storage & Communication |
7.8 |
1.6 |
7.7 |
6.5 |
7.3 |
|
Wholesale,
Retail, Hotel & Restaurant |
10.0 |
2.8 |
4.7 |
5.2 |
6.9 |
|
Finance,
Insurance & Real Estate |
9.2 |
3.8 |
6.1 |
6.3 |
6.5 |
|
Government
Services |
8.6 |
2.0 |
6.7 |
7.6 |
5.6 |
|
Other
Services |
5.9 |
4.4 |
4.2 |
5.4 |
5.7 |
|
Industry
Non-Performing Loans ( MYR Million ) |
8,281.4 |
6,631.3 |
7,384.6 |
6,825.2 |
- |
|
%
of Industry Non-Performing Loans |
24.3 |
20.2 |
25.7 |
23.4 |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*
Estimate / Preliminary |
|
|
|
|
|
|
**
Forecast |
|
|
|
|
|
|
#
Based On Manufacturing Production Index |
|||||
|
|
|
|
|
|
|
INDUSTRY ANALYSIS
|
|
MSIC
CODE |
|
|
46329
: Wholesale of other foodstuffs |
|
|
|
|
|
INDUSTRY
: |
TRADING |
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OVERALL
INDUSTRY OUTLOOK : Average Growth |
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CREDIT RISK EVALUATION & RECOMMENDATION
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.57 |
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1 |
Rs.84.25 |
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Euro |
1 |
Rs.71.79 |
INFORMATION DETAILS
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Report
Prepared by : |
NIT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.