|
Report Date : |
13.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
AIRCON SYSTEM ENGINEERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Flat – 95, A Block, Tivoli Court, 1C, Ballygunge Circular Road,
Kolkata – 700019, West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
08.08.2007 |
|
|
|
|
Com. Reg. No.: |
21-117711 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29192WB2007PTC117711 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Electro-mechanical Services such as Air-conditioning,
Heating, Ventilation, Refrigeration, Power conditioning, Electrical
Sub-stations, Electrical Building Service, etc. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 4400 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
latest financials are not made available. The accounts department did not respond to our call. As per previous year’s record, the profitability of the company
appeared low. However, trade relations are reported as fair. Business is active.
Payment terms are unknown in absence of latest financials. The company can be considered for business dealings with great
caution. |
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) |
|
India |
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
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
MANAGEMENT NON CO-OPERATIVE (91-33-40100100)
LOCATIONS
|
Registered/ Corporate Office : |
Flat – 95, A Block,
Tivoli Court, 1C, Ballygunge Circular Road, Kolkata – 700019, West Bengal,
India |
|
Tel. No.: |
91-33-40100100 |
|
Fax No.: |
91-33-40100113 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Service Station : |
69A, Avinash Chaudhury Lane, Kolkata – 700046, West Bengal, India |
|
|
|
|
Branch Office 1 : |
Plot No. N-6/444, IRC Village, Nayapalli, Bhubaneswar – 751015,
Orissa, India |
|
Tel. No.: |
91-674-653493 |
|
|
|
|
Branch Office 2 : |
B. Chakraborty Compound, Road No. 3, Contractors Area, P.O. and P.S.-
Bistupur Jamshedpur – 831001, Jharkhand, India |
|
|
|
|
Branch Office 3 : |
48, Jagadish Bose Road, Hakimpara, Siliguri – 734001, West Bengal,
India |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Chhaya Mehta |
|
Designation : |
Director |
|
Address : |
1A, Ballygunge Circular Road, Kolkata – 700019, West Bengal,
India |
|
Date of Birth/Age : |
20.11.1957 |
|
Date of Appointment : |
08.08.2007 |
|
Voter ID No. |
WB/23/146/147025 |
|
DIN No.: |
01504661 |
|
|
|
|
Name : |
Mr. Varun Mehta |
|
Designation : |
Director |
|
Address : |
1A, Ballygunge Circular Road, Kolkata – 700019, West Bengal,
India |
|
Date of Birth/Age : |
20.11.1982 |
|
Date of Appointment : |
08.08.2007 |
|
Voter ID No. |
DWK143279 |
|
DIN No.: |
01504854 |
|
|
|
|
Name : |
Mr. Pradeep Mehta |
|
Designation : |
Director |
|
Address : |
1A, Ballygunge Circular Road, Kolkata – 700019, West Bengal,
India |
|
Date of Birth/Age : |
13.03.1950 |
|
Date of Appointment : |
08.08.2007 |
|
Voter ID No. |
WB/23/146/147024 |
|
DIN No.: |
01569298 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Pradeep Mehta |
|
400 |
|
Chhaya Mehta |
|
300 |
|
Varun Mehta |
|
300 |
|
Total |
|
1000 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Electro-mechanical Services such as Air-conditioning,
Heating, Ventilation, Refrigeration, Power conditioning, Electrical
Sub-stations, Electrical Building Service, etc. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
Suppliers : |
·
Aryan Trading Comp. ·
Shree Power Electric Company ·
The Sonnet/Ups ·
Sundry Creditors Cbu ·
Ghosh Industries ·
Arihant Tube Company/ Cbu Supp. ·
BHARAT KUMAR Sfnha/ CBU Cont. ·
Bijay Trading Co Rpo Rat Ion (Chiller Div.) ·
Bimal Barik ·
C S Road Carriers/1 Cbu Cont ·
Circular Electric Covcbu Cont. ·
Classic Freight Carriers ·
6 S Enterprise (Chiller Cont.) ·
H. Metal / Cbu Cont ·
Kcjena/1 Cbu Cont. ·
K.C. Dhal ·
Light Enterprises/Cbu.Cont. ·
M R Enterprises (Chiller Div.) |
|
|
|
|
Customers : |
·
10th Mile Stone (Jamsedhpur) ·
Dutta (Jamsedhpur) ·
A.K. Chowdhury (Mr.) - Jamsedhpur ·
A.K. Khan (Jamsedhpur) ·
Abdul Rahaman (Jamsedhpur) ·
ANWAR (Mr) Jamsedhpur ·
Aptech Computer Education (Jamsedhpur) ·
Astha Trade Centre (Jamsedhpur) ·
Banaras Saree Emporium (Jamsedhpur) ·
Big 92.7 Fm (Jamsedhpur) ·
City Marbles(M/S)- Jamsedhpur ·
Concern India Shows Private Limited
(M/S)-Jamsedhpur ·
Corp. Preventor (Jamsedhpur) ·
D K Ghosh (Mr.) - Jamsedhpur ·
Devang Gandhi (Jamsedhpur) ·
Dipak Kumar (Mr.) - Jamsedhpur ·
Hotel Aviskar (M/S) - Jamsedhpur ·
HOTEL Grandtm/S)- Jamsedhpur ·
J, Roy (Mr,) – Jamsedhpur |
|
|
|
|
No. of Employees : |
Information declined by the management |
|
|
|
|
Bankers : |
· Bank of India, Ballygunge Circular Road, Kolkata, West Bengal, India · HDFC Bank Limited, UNB Street Branch |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
A. R. Maiti and Company Chartered Accountants |
|
Address : |
Centre Point, Room No - 442, 21, Hemanta Basu Sarani, Kolkata –
700001, West Bengal, India |
|
PAN.: |
AAFFA3397K |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.100/- each |
Rs.1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000 |
Equity Shares |
Rs.100/-
each |
Rs.0.100
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 |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1.023 |
0.255 |
0.010 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1.123 |
0.355 |
0.110 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.843 |
1.588 |
0.050 |
|
|
TOTAL BORROWING |
0.843 |
1.588 |
0.050 |
|
|
DEFERRED TAX LIABILITIES |
0.070 |
0.064 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2.036 |
2.007 |
0.160 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.897 |
2.151 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
8.607 |
8.257 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
27.364
|
11.320 |
0.000 |
|
|
Sundry Debtors |
16.526
|
4.922 |
0.028 |
|
|
Cash & Bank Balances |
0.669
|
0.565 |
0.095 |
|
|
Other Current Assets |
0.400
|
0.308 |
0.000 |
|
|
Loans & Advances |
4.015
|
3.105 |
2.100 |
|
Total
Current Assets |
48.974
|
20.220 |
2.223 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
51.921
|
8.754 |
0.877 |
|
|
Other Current Liabilities |
5.633
|
19.688 |
1.148 |
|
|
Provisions |
0.906
|
0.205 |
0.073 |
|
Total
Current Liabilities |
58.460
|
28.647 |
2.098 |
|
|
Net Current Assets |
(9.486)
|
(8.427) |
0.125 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.018 |
0.026 |
0.035 |
|
|
|
|
|
|
|
|
TOTAL |
2.036 |
2.007 |
0.160 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
88.672 |
4.053 |
1.824 |
|
|
|
Other Income |
6.949 |
16.377 |
0.005 |
|
|
|
TOTAL |
95.621 |
20.430 |
1.829 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Good Sold |
45.608 |
(4.479) |
0.992 |
|
|
|
Installation Charges (Labour & Material) |
34.614 |
19.313 |
0.358 |
|
|
|
Salary, Bonus & Exgratia |
6.721 |
2.836 |
0.253 |
|
|
|
Tour/Travelling & Conveyance |
1.492 |
0.225 |
0.018 |
|
|
|
Repairs & Maintenance |
0.823 |
0.452 |
0.000 |
|
|
|
Site Expenses |
0.115 |
0.111 |
0.000 |
|
|
|
Commission & Incentive |
0.691 |
0.053 |
0.000 |
|
|
|
Preliminary Expenses W/O |
0.740 |
0.121 |
0.009 |
|
|
|
Other Expenses |
3.697 |
1.441 |
0.146 |
|
|
|
TOTAL |
94.501 |
20.073 |
1.776 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.120 |
0.358 |
0.053 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.008 |
0.003 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1.112 |
0.355 |
0.053 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.344 |
0.110 |
0.018 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.768 |
0.245 |
0.035 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.255 |
0.010 |
(0.025) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1.023 |
0.255 |
0.010 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
768.05 |
245.00 |
35.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.80
|
1.20 |
1.91 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.25
|
8.76 |
2.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.14
|
1.59 |
2.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.99
|
0.01 |
0.48 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.75
|
4.47 |
0.45 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.84
|
0.71 |
1.06 |
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 |
Yes |
|
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 |
No |
|
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 |
Yes |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As
on 31.03.2011 |
As
on 31.03.2010 |
|
From Firms (Shareholders Interested) |
0.843 |
1.588 |
|
Total |
0.843 |
1.588 |
FIXED ASSETS
·
Building
·
Computer
·
Electrical Fittings
·
Plant and Machinery
·
Furniture and Fixture
·
Air Conditioner
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.53.96 |
|
|
1 |
Rs.84.49 |
|
Euro |
1 |
Rs.72.23 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
30 |
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.