|
Report Date : |
30.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
AMDOCS DEVELOPMENT CENTRE INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Cyber City Tower 2, 6th Floor, Magarpatta City, Hadapsar, Pune – 411028, Maharashtra |
|
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|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
27.01.2004 |
|
|
|
|
Com. Reg. No.: |
11-018832 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.192.907 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200PN2004PTC018832 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEA05071D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA5803G |
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|
|
|
Legal Form : |
Private limited Liability Company. |
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|
|
|
Line of Business
: |
Providing Software Services. |
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|
|
|
No. of Employees
: |
Information denied by management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 23000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having a fine track record.
Financial position of the company appears to be sound. Trade relations are reported
as trustworthy. Business is active. Payments are reported to be regular and
as per commitments. The company can be considered good for business dealing 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.
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
|
Name : |
Mr. Dinesh Bapat |
|
Designation : |
Finance Department |
|
Contact No.: |
91-20-40153000 |
|
Date : |
29.07.2013 |
LOCATIONS
|
Registered Office : |
Cyber City Tower 2, 6th Floor, Magarpatta City,
Hadapsar, Pune - 411028, Maharashtra,
India |
|
Tel. No.: |
91-20-40153000/ 26824927 |
|
Fax No.: |
91-20-40143060 |
|
E-Mail : |
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|
Website : |
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|
|
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|
Branch Office : |
8-12/1/2 Pune Sumw CTR, 4th Floor, Pune – 411004, Maharashtra,
India |
DIRECTORS
(AS ON 21.12.2012)
|
Name : |
Mr. Ashok Kumar Anchalia |
|
Designation : |
Director |
|
Address : |
No.6, Abhinav Anchorage, 3rd Floor, Venkat Eswara Nagar, 3rd
Street, Adyar, Chennai – 600020, Tamilnadu, India |
|
Date of Birth/Age : |
01.11.1953 |
|
Qualification : |
BCOM, LLB, MBA |
|
Date of Appointment : |
22.06.2007 |
|
DIN No.: |
00009769 |
|
|
|
|
Name : |
Mr. Mangesh Avinash Deshpande |
|
Designation : |
Whole-time director |
|
Address : |
S. No. 91/1, 22A, Tushar Apartments, Tulsibagwala Colony, Sahakar
Nagar, Pune-411009, Maharashtra, India |
|
Date of Birth/Age : |
17.10.1970 |
|
Qualification : |
BCOM, FCA, CPA |
|
Date of Appointment : |
26.07.2005 |
|
DIN No.: |
00020332 |
|
|
|
|
Name : |
Mr. Mahesh Vinayak Jog |
|
Designation : |
Director |
|
Address : |
Rahul Towers Building No.1/A2/1003, Paud Road, Pune – 411038,
Maharashtra, India |
|
Date of Birth/Age : |
29.05.1967 |
|
Qualification : |
B. Sc, MPM, MLL and LW |
|
Date of Appointment : |
01.07.2007 |
|
DIN No.: |
01109294 |
KEY EXECUTIVES
|
Name : |
Mr. Kshitij Shyamlal Dwivedi |
|
Designation : |
Secretary |
|
Address : |
E8, Disney Park, Azadnagar, Pune – 411022, Maharashtra, India |
|
Date of Birth/Age : |
12.01.1978 |
|
Date of Appointment : |
27.12.2007 |
|
PAN No.: |
AILPD2663D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 21.12.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Amdocs Development Limited, |
|
19290682 |
|
European Software Marketing Limited, Channel Islands |
|
1 |
|
|
|
|
|
Total |
|
19290683 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Software Services. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by management. |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. R. Batliboi and Company Chartered Accountants |
|
Address : |
C-401, Panchashil Tech Park, Yerwada, Pune
– 411006, Maharashtra, India |
|
PAN No.: |
AALFS0506L |
|
|
|
|
Holding Company : |
· Amdocs Development Limited, Cyprus |
|
|
|
|
Ultimate Holding
Company : |
· Amdocs Limited, Guernsey |
|
|
|
|
Subsidiaries : |
· Amdocs Development Centre Delhi Private Limited, India (w.e.f March 30, 2012) · Amdocs Business Services Private Limited, India |
CAPITAL STRUCTURE
(AS ON 21.12.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
28500000 |
Equity Shares |
Rs.10/- each |
Rs.285.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19290683 |
Equity Shares |
Rs.10/- each |
Rs.192.907
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 |
|
192.907 |
224.013 |
|
(b) Reserves & Surplus |
|
5597.117 |
4340.022 |
|
(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) |
|
5790.024 |
4564.035 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
85.194 |
80.550 |
|
(c)
Other long term liabilities |
|
64.218 |
49.973 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
149.412 |
130.523 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
232.980 |
564.657 |
|
(c)
Other current liabilities |
|
326.631 |
274.914 |
|
(d)
Short-term provisions |
|
471.028 |
343.166 |
|
Total
Current Liabilities (4) |
|
1030.639 |
1182.737 |
|
|
|
|
|
|
TOTAL |
|
6970.075 |
5877.295 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
592.692 |
660.812 |
|
(ii)
Intangible Assets |
|
10.089 |
17.488 |
|
(iii)
Capital work-in-progress |
|
11.434 |
23.566 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
3716.231 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
375.762 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
92.953 |
94.133 |
|
(e)
Other Non-current assets |
|
9.366 |
8.605 |
|
Total
Non-Current Assets |
|
4808.527 |
804.604 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c)
Trade receivables |
|
137.199 |
3116.628 |
|
(d)
Cash and cash equivalents |
|
885.288 |
695.073 |
|
(e)
Short-term loans and advances |
|
201.243 |
279.526 |
|
(f)
Other current assets |
|
937.818 |
981.464 |
|
Total
Current Assets |
|
2161.548 |
5072.691 |
|
|
|
|
|
|
TOTAL |
|
6970.075 |
5877.295 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
252.348 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
3795.307 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
4047.655 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
4047.655 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
434.968 |
|
|
Capital work-in-progress |
|
|
1.756 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
3096.365 |
|
|
Cash & Bank Balances |
|
|
235.157 |
|
|
Other Current Assets |
|
|
893.948 |
|
|
Loans & Advances |
|
|
208.315 |
|
Total
Current Assets |
|
|
4433.785 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
456.057 |
|
|
Other Current Liabilities |
|
|
64.135 |
|
|
Provisions |
|
|
302.662 |
|
Total
Current Liabilities |
|
|
822.854 |
|
|
Net Current Assets |
|
|
3610.931 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
4047.655 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
9678.600 |
9203.200 |
7401.900 |
|
|
|
Other Income |
565.900 |
10.100 |
2.297 |
|
|
|
TOTAL |
10244.500 |
9213.300 |
7404.197 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
5441.595 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
NA |
1962.602 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
341.691 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2352.000 |
1440.100 |
1620.911 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
9279.000 |
8939.400 |
7215.201 |
|
|
TOTAL EARNINGS |
9279.000 |
8939.400 |
7215.201 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
NA |
NA |
243.233 |
|
|
TOTAL IMPORTS |
NA |
NA |
243.233 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
121.92 |
71.99 |
72.36 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
22.96
|
17.50 |
21.89 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
26.51 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA
|
40.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA
|
0.48 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.10
|
4.29 |
5.39 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITY
OF LONG TERM BORROWINGS DETAIL: NOT AVAILABLE
|
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 |
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 |
No |
|
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 |
FINANCIAL
PERFORMANCE:
The financial year
under consideration, the company recorded an Income of Rs.9678.600 Millions
(previous year Rs.9203.200 Millions) from Software Development Services and
also earned other income of Rs.565.900 Millions (Previous year Rs.10.200
Millions). The Company achieved a Net Profit after Tax of Rs.2352.000 Millions
(Previous year Rs.1440.100 Millions).
CORPORATE INFORMATION
Amdocs Development
Centre India Private Limited (“the company”), a 100% Export Oriented Unit (EOU)
was incorporated on 27th January 2004 and is engaged in the business of export
of software services operating through a unit registered with the Software
Technology Parks of India ("STPI"). With effect from 1st June 2010
the Company has commenced operations of a new unit registered in Special
Economic Zone ("SEZ").
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
FIXED ASSETS:
Tangible Asset:
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipments
·
Computers
·
Leasehold Improvement
Intangible Asset:
·
Computer Software
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.59.30 |
|
|
1 |
Rs.91.18 |
|
Euro |
1 |
Rs.78.71 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
62 |
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.