MIRA INFORM REPORT
|
Report Date : |
06.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
KIRAN SALES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
J-12/42, Rajouri Garden, New Delhi-110027 |
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|
Country : |
India |
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|
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|
Financials (as
on) : |
31.03.2012 |
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|
Date of
Incorporation : |
31.12.1998 |
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|
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|
Com. Reg. No.: |
55-097738 |
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Capital
Investment / Paid-up Capital : |
Rs. 6.596 Millions |
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|
|
|
CIN No.: [Company Identification
No.] |
U51420DL1998PTC097738 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Plastic Components |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 62000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow But Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. External borrowings appear to be huge and are increasing over years.
Profit margin seems to be low. However, trade relations are fair. Business is active payment terms are
reported as slow but correct. The company can be considered for business dealings with some 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 : |
J-12/42, Rajouri Garden, New Delhi-110027, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Dhanesh Kalra |
|
Designation : |
Director |
|
Address : |
J-12/42, Rajouri Garden, New Delhi-110027, India |
|
Date of Birth/Age : |
06.01.1962 |
|
Date of Appointment : |
31.12.1998 |
|
DIN No.: |
00396908 |
|
|
|
|
Name : |
Mr. Surinder Kalra |
|
Designation : |
Director |
|
Address : |
J-12/42, Rajouri Garden, New Delhi-110027, India |
|
Date of Birth/Age : |
29.04.1939 |
|
Date of Appointment : |
31.12.1998 |
|
DIN No.: |
00396988 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Dhanesh Kalra |
658000 |
|
Surinder Kalra |
1600 |
|
TOTAL
|
659600 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Plastic Components |
PRODUCTION STATUS (AS ON : 31.03.2012)
|
Particulars |
Unit |
Actual
Production |
|
|
|
|
|
Plastic and Steel Components |
Pcs |
11518395 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Bajaj and Associates Chartered Accountant |
|
Address : |
559, Sector-16A, Faridabad-121003, Haryana, India |
|
Tel. No.: |
91-129-4044369 / 4048898 |
|
E-Mail : |
|
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PAN No.: |
AAHFB9171G |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
659600 |
Equity Shares |
Rs.10/- each |
Rs. 6.596
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
6.596 |
5.696 |
|
(b) Reserves & Surplus |
|
8.966 |
6.704 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
15.562 |
12.400 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
63.847 |
53.362 |
|
(b) Deferred tax liabilities (Net) |
|
2.084 |
1.999 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
65.931 |
55.361 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
21.091 |
19.986 |
|
(b) Trade payables |
|
31.155 |
28.680 |
|
(c) Other current liabilities |
|
12.114 |
9.144 |
|
(d) Short-term
provisions |
|
0.146 |
0.107 |
|
Total Current
Liabilities (4) |
|
64.506 |
57.917 |
|
|
|
|
|
|
TOTAL |
|
145.999 |
125.678 |
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
73.030 |
59.113 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
15.544 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
8.815 |
9.818 |
|
(e) Other
Non-current assets |
|
0.055 |
0.075 |
|
Total Non-Current
Assets |
|
81.900 |
84.550 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
31.381 |
16.421 |
|
(c) Trade receivables |
|
32.044 |
23.582 |
|
(d) Cash and cash
equivalents |
|
0.674 |
1.125 |
|
(e) Short-term loans
and advances |
|
0.000 |
0.000 |
|
(f) Other current
assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
64.099 |
41.128 |
|
|
|
|
|
|
TOTAL |
|
145.999 |
125.678 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
4.996 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
4.804 |
|
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4] (Accumulated Losses) |
|
|
0.000 |
|
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NETWORTH |
|
|
9.800 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
47.465 |
|
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2] Unsecured Loans |
|
|
9.073 |
|
|
TOTAL BORROWING |
|
|
56.538 |
|
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DEFERRED TAX LIABILITIES |
|
|
1.820 |
|
|
|
|
|
|
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TOTAL |
|
|
68.158 |
|
|
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APPLICATION OF FUNDS |
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|
|
|
|
|
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FIXED ASSETS [Net Block] |
|
|
28.121 |
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Capital work-in-progress |
|
|
20.529 |
|
|
|
|
|
|
|
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INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
10.206 |
|
|
Sundry Debtors |
|
|
20.981 |
|
|
Cash & Bank Balances |
|
|
0.950 |
|
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Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
11.584 |
|
Total
Current Assets |
|
|
43.721 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
22.417 |
|
|
Provisions |
|
|
1.834 |
|
Total
Current Liabilities |
|
|
24.251 |
|
|
Net Current Assets |
|
|
19.470 |
|
|
|
|
|
|
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|
MISCELLANEOUS EXPENSES |
|
|
0.038 |
|
|
|
|
|
|
|
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TOTAL |
|
|
68.158 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
98.981 |
92.360 |
78.336 |
|
|
|
Other Income |
0.354 |
0.731 |
0.062 |
|
|
|
TOTAL (A) |
99.335 |
93.091 |
78.398 |
|
|
|
|
|
|
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Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
90.842 |
65.040 |
59.589 |
|
|
|
Personal Expenses |
|
7.444 |
3.851 |
|
|
|
Administrative Expenses |
|
5.297 |
4.262 |
|
|
|
TOTAL (B) |
90.842 |
77.781 |
67.702 |
|
|
|
|
|
|
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Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
[Including Financial |
15.310 |
10.696 |
|
|
|
|
Expenses] |
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
7.465 |
3.855 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
8.493 |
7.845 |
6.841 |
|
|
|
|
|
|
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.776 |
7.266 |
3.809 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
0.717 |
0.579 |
3.032 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.255 |
0.286 |
1.038 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
0.462 |
0.293 |
1.994 |
|
|
|
|
|
|
|
|
|
|
Excess Provision
of Income Tax of Earlier Years |
NA |
0.207 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
0.500 |
1.994 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.78 |
0.54 |
4.44 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.47
|
0.31 |
2.54 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.72
|
0.63 |
3.87 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.49
|
0.53 |
4.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.05 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
5.46
|
5.92 |
5.77 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.99
|
0.71 |
1.80 |
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 |
No |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Long Term
Borrowings |
|
|
|
From Directors |
7.950 |
5.729 |
|
From Friends and Relative of Directors |
15.458 |
14.636 |
|
From Others |
7.611 |
3.172 |
|
|
|
|
|
TOTAL |
31.019 |
23.537 |
CORPORATE
INFORMATION
Subject was incorporated in India on December 31, 1998 to carry on the
business of Manufacturing of Plastic Components. The company has started its commercial
operations in the month of December, 1998.
FORM 8
|
Corporate
identity number of the company |
U51420DL1998PTC097738 |
|
Name of the
company |
KIRAN SALES
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
J-12/42, Rajouri Garden, New Delhi-110027, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
|
|
Particular of
charge holder |
Small Industries Development Bank of India, NH-5-R/2, Neelam Badshah
Khan Road, NIT, Faridabad-121001, Haryana, India |
|
Nature of
instrument creating charge |
Deed of
hypothecation dated 06.01.2012. Declaration and undertaking dated 06.01.2012. |
|
Date of
instrument Creating the charge |
06.01.2012 |
|
Amount secured by
the charge |
Rs. 21.300
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest On TL of Rs.8.800
Millions @PLR being 12.75% p.a. presently. On WCTL of Rs.12.500 Millions @1%
above PLR being 13.75% p.a. presently. The interest shall rise or fall
therewith with monthly rests. Terms of repayment The TL of
Rs.8.800 Millions to be repaid in 60 mthly installments of Rs.0.110 Million
each for 1st five installments and Rs.0.150 Million for the rest 55
installments. WCTL of Rs.12.500 Millions to be repaid in 60 mthly
installments. 1st 12 installments of Rs.0.100 Million each, next 12
installments of Rs.0.150 Million each, next two installments of Rs. 0.200
Million each, next 22 installments of Rs.0.250 Million each and last 12
installments of Rs.0.300 Million each. The repayments to begin after 6 months
from the date of first disbursement. Margin The company shall
raise promoters contribution of Rs.7.500 Millions by way of share capital/
share premium of Rs.4.500 Millions and interest free unsecured loans of
Rs.3.000 Millions. (26.04% of the project cost) Extent and operation of the charge 100% to secure
due repayment of total loan of Rs.21.300 Millions together with all charges
payable as per terms of loan agreement. |
|
Short particulars
of the property charged (Including location of the property) |
(i)
First
charge by way of hypothecation of all the borrowers movables/ items of plant,
machinery and other equipments acquired/ to be acquired under the project/
scheme approved by SIDBI and kept/ to be kept at its units at Plot No.33-B,
HSIDC Industrial Estate, Sector 31, Faridabad, Plot No.102, Sector 31, Faridabad and Mauja
Kanwara Tehsil Faridabad Khewat No. 1/1 Min., Khatoni No.1 Mukhtil No. 21
Kila No. 25/1/2(2-19), 25/2/2 (2-14). (ii)
Extension
of 1st charge by way of equitable mortgage of land and building admeasuring
183.33 sq. yards situated at Plot No.33-B, HSIDC Industrial Estate, Sector
31, Faridabad. (iii)
Extension
of charge by way of hypothecation of all the movables/ items of plant,
machinery and other equipment already hypothecated to SIDBI against previous
loans. (iv)
Extension
of lien of FDR of Rs.1.000 Million in the name of SIDBI a/c Kiran Sales (P)
Limited with Canara Bank. |
FIXED ASSETS
- Land
- Factory
Building
- Plant and
Machinery
- Computers
- Furniture and
Fittings
- Vehicles
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. 60.33 |
|
|
1 |
Rs. 90.78 |
|
Euro |
1 |
Rs. 77.80 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--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 |
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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.