MIRA INFORM REPORT

Report Date :

20.06.2013

IDENTIFICATION DETAILS

Name :	AGARWAL GLOBAL STEELS LIMITED (w.e.f. 17.09.2008)
Formerly Known As :	AGARWAL GLOBAL STEELS PRIVATE LIMITED
Registered Office :	5-4-33/3, Sterling Apartments, Distellery Road, Secunderabad – 500 003, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	15.03.1996
Com. Reg. No.:	01-023538
Capital Investment / Paid-up Capital :	Rs.64.565 millions
CIN No.: [Company Identification No.]	U27107AP1996PLC023538
PAN No.: [Permanent Account No.]	AACCA0516C
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Trading of Iron and Steel and also engaged in manufacturing of Iron Billets.
No. of Employees :	15 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (36)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 758000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having a moderate track record. The profitability of the company appears to be low. However, trade relations are reported to be fair. Business is active. Payments are reported to be 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 31^st, 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.

INFORMATION PARTED BY

Name :	Mr. Prasad
Designation :	Accounts Department
Contact No.:	91-40-23778002
Date :	19.06.2013

LOCATIONS

Registered Office :	5-4-33/3, Sterling Apartments, Distellery Road, Secunderabad – 500 003, Andhra Pradesh, India
Tel. No.:	91-40-65382103
Fax No.:	Not Available
E-Mail :	info@agarwalglobalsteels.com
Website :	http://www.agarwalglobalsteels.com
Location :	Owned
Administrative Office/ Factory/ Stockyard :	Sy.No.724 and 725, Opposite IDPL, Sunsip Compound, Balanagar, Hyderabad – 500 037, Andhra Pradesh, India
Tel. No.:	91-40-65302103/ 65282113/ 23778002/ 66145401/ 66145402/ 66145403/ 23778001
Fax No.:	91-40-23778001

DIRECTORS

AS ON 29.09.2012

Name :

Mr. Lakshmi Narayan Agarwal

Designation :

Managing Director

Address :

5-4-33/4, Sterling Apartments, Distellery Road, Secunderabad – 500 003, Andhra Pradesh, India

Date of Birth/Age :

18.05.1945

Qualification :

Commerce Graduate

Date of Appointment :

15.03.1996

DIN No.:

01658089

PAN No.:

ACLPJ3790J

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U27107AP1996PLC023538	AGARWAL GLOBAL STEELS LIMITED	Managing director	15/03/1996	15/03/1996	-	Active	NO
2	U27109AP1990PTC011035	ARPANA IRON AND STEELS PRIVATE LIMITED	Managing director	20/09/2000	20/09/2000	-	Active	NO
3	U45200AP2011PTC076797	AMN INFRA AND REALTY PRIVATE LIMITED	Director	21/01/2013	21/01/2013	-	Active	NO

Name :

Mr. Praveen Kumar Agarwal

Designation :

Director

Address :

5-4-33/4, Sterling Apartments, Distellery Road, Secunderabad – 500 003, Andhra Pradesh, India

Date of Birth/Age :

27.09.1973

Qualification :

Commerce Graduate

Date of Appointment :

15.03.1996

DIN No.:

01284568

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U27107AP1996PLC023538	AGARWAL GLOBAL STEELS LIMITED	Director	15/03/1996	15/03/1996	-	Active	NO
2	U27109AP1990PTC011035	ARPANA IRON AND STEELS PRIVATE LIMITED	Director	30/09/2000	30/09/2000	-	Active	NO

Name :

Mr. Yogesh Kumar Agarwal

Designation :

Director

Address :

5-4-33/4, Sterling Apartments, Distellery Road, Secunderabad – 500 003, Andhra Pradesh, India

Date of Birth/Age :

27.05.1975

Qualification :

Commerce Graduate

Date of Appointment :

15.03.1996

DIN No.:

01284603

KEY EXECUTIVES

Name :	Mr. Prasad
Designation :	Accounts Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2012

Names of Shareholders	No. of Shares
Arpana Agarwal	13671
Arpana Iron and Steel Private Limited, India	139669
Diya Agarwal	185987
L.N. Agarwal HUF with Majors	484890
L.N. Agarwal HUF with Wife	1151701
L.N. Agarwal Individual	629451
Praveen Kumar Agarwal HUF	776297
Praveen Kumar Agarwal Individual	235674
Ryan Agarwal	78971
Rishi Agarwal	261435
Ruchi Agarwal	478126
Shanta Devi Agarwal	317984
Shiksha Agarwal	238561
Suruchi Agarwal	505273
Yogesh Kumar Agarwal Individual	271190
Yogesh Kumar HUF	471609
Omprakash B. Agarwal Partner Sakshat Investment, India	108000
Sarita P. Mohane Partner Sakshat Investment, India	108000
Total	6456489

AS ON 29.09.2012

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	2.16
Directors or relatives of directors	94.50
Other top fifty shareholders	3.34
Total	100.00

BUSINESS DETAILS

Line of Business :

Trading of Iron and Steel and also engaged in manufacturing of Iron Billets.

Products :

Item Code No. (ITC Code)	72040000
Product Description	Ferrous waste and scrap; remelting scrap ingots of iron or steel

Terms :

Selling :

Cash and Credit

Purchasing :

Cash and Credit

GENERAL INFORMATION

Customers :

Wholesalers, Retailers and End Users

No. of Employees :

15 (Approximately)

Bankers :

City Union Bank Limited, Secunderabad Branch, 5-4-94, Lala Land Mark, M.G. Road, Secunderabad – 500 003, Andhra Pradesh, India

Facilities :

Secured Loan	As on 31.03.2012 (Rs. in Millions)	As on 31.03.2011 (Rs. in Millions)
LONG-TERM BORROWINGS
Loans taken for vehicles (Secured Against Car)	0.618	0.000
SHORT-TERM BORROWINGS
Rupee term loans from banks	338.454	0.000
Loans and advances from others (Secured against Stock and Debtors)	0.000	263.730
Total	339.072	263.730

Banking Relations :	--
Auditors :
Name :	Arvind Jain and Associates Chartered Accountants
Address :	25 to 29, 2^nd Floor, Hyderi Complex, Pan Bazar, Rani Gunj, Secunderabad – 500 003, Andhra Pradesh, India
PAN No:	ACOPJ9666M
Associates :	· Sri Ambica Steels and Metals India Private Limited, India · Ambica Ispat Private Limited, India · Ambica Iron and Steels [Hyderabad] Private Limited, India
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	· Ambica Steels Udhyog, India · Agarwal Steels, India

CAPITAL STRUCTURE

AS ON 29.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
7000000	Equity Shares	Rs.10/- each	Rs.70.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
6456489	Equity Shares	Rs.10/- each	Rs.64.565 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	64.565	53.326
(b) Reserves & Surplus	125.041	119.086
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
(3) Non-current liabilities
(a) Long-term borrowings	3.831	2.662
(b) Deferred tax liabilities (Net)	1.645	1.567
(c) Other long term liabilities	0.000	0.000
(d) Long-term provisions	0.000	0.000
(4) Current liabilities
(a) Short term borrowings	338.454	263.730
(b) Trade payables	62.761	37.091
(c) Other current liabilities	1.136	0.422
(d) Short-term provisions	2.937	1.842
TOTAL	600.370	479.726
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	58.766	60.117
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	2.902	0.140
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	27.108	14.923
(e) Other Non-current assets	0.152	0.052
(2) Current assets
(a) Current investments	0.024	0.024
(b) Inventories	315.572	239.203
(c) Trade receivables	171.193	142.328
(d) Cash and cash equivalents	4.880	5.114
(e) Short-term loans and advances	19.773	17.825
(f) Other current assets	0.000	0.000
TOTAL	600.370	479.726

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		53.326
2] Share Application Money		0.000
3] Reserves & Surplus		113.536
4] (Accumulated Losses)		0.000
NETWORTH		166.862
LOAN FUNDS
1] Secured Loans		206.380
2] Unsecured Loans		0.000
TOTAL BORROWING		206.380
DEFERRED TAX LIABILITIES		0.000
TOTAL		373.242
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		25.768
Capital work-in-progress		0.000
INVESTMENT		0.025
DEFERRED TAX ASSETS		0.041
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	232.627
	Sundry Debtors	171.396
	Cash & Bank Balances	4.257
	Other Current Assets	6.308
	Loans & Advances	11.541
Total Current Assets		426.129
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	76.088
	Other Current Liabilities
	Provisions	2.737
Total Current Liabilities		78.825
Net Current Assets		347.304
MISCELLANEOUS EXPENSES		0.104
TOTAL		373.242

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Revenue from operations	2243.206	2076.941	1681.107
		Other Income	4.510	7.221	13.783
		TOTAL (A)	2247.716	2084.162	1694.890
Less	EXPENSES
		Cost of materials consumed	225.892	96.311	1674.510
		Purchases of stock-in-trade	1904.652	1787.690
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	(61.203)	67.447
		Employee benefit expense	7.303	4.969
		Other expenses	130.618	88.408
		TOTAL (B)	2207.262	2044.825	1674.510
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		40.454	39.337	20.380
Less	FINANCIAL EXPENSES (D)		26.721	25.876	9.948
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		13.733	13.461	10.432
Less/ Add	DEPRECIATION/ AMORTISATION (F)		4.799	4.673	2.358
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		8.934	8.788	8.074
Less	TAX (H)		2.759	3.238	2.912
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		6.175	5.550	5.161
	Earnings / (Loss) Per Share (Rs.)		0.96	1.04	NA

Particulars	31.03.2013
Sales Turnover (Approximately)	2500.000

The above information has been parted by Mr. Prasad (Accounts Department).

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	0.27	0.27	0.30
Net Profit Margin (PBT/Sales)	(%)	0.40	0.42	0.48
Return on Total Assets (PBT/Total Assets}	(%)	1.50	1.83	1.79
Return on Investment (ROI) (PBT/Networth)		0.05	0.05	0.05
Debt Equity Ratio (Total Debt/Networth)		1.81	1.55	1.24
Current Ratio (Current Asset/Current Liability)		2.70	2.35	5.41

LOCAL AGENCY FURTHER INFORMATION

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	Yes
9) Name of person contacted	Yes
10) Designation of contact person	Yes
11) Turnover of firm for last four 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	Yes
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	Yes
33) Voter ID No of Proprietor/Partner/Director, if available	No
34) External Agency Rating, if available	No

Unsecured Loan	As on 31.03.2012 (Rs. in Millions)	As on 31.03.2011 (Rs. in Millions)
LONG-TERM BORROWINGS
Other loans and advances	3.213	0.000
Loans and advances from directors	0.000	2.662
Total	3.213	2.662

Bankers Charges Report as per Registry

Corporate identity number of the company

U27107AP1996PLC023538

Name of the company

AGARWAL GLOBAL STEELS LIMITED

Address of the registered office or of the principal place of business in India of the company

5-4-33/3, Sterling Apartments, Distellery Road, Secunderabad – 500 003, Andhra Pradesh, India

E-Mail: info@agarwalglobalsteels.com

This form is for

Modification of charge

Charge identification number of the modified

10037700

Type of charge

Immovable Property

Book Debts

Movable Property (not being pledge)

Particular of charge holder

City Union Bank Limited, Secunderabad Branch, 5-4-94, Lala Land Mark, M.G. Road, Secunderabad – 500 003, Andhra Pradesh, India

E-Mail: cub076@cityunionbank.com

Nature of description of the instrument creating or modifying the charge

1) Letter of confirmation for extension of mortgage by deposit of title deeds covering additional credit facilities

2) Supplemental Agreement of Loan Cum Hypothecation

Date of instrument Creating the charge

08.02.2013

Amount secured by the charge

Rs.1300.000 millions

Brief particulars of the principal terms and conditions and extent and operation of the charge

Rate of Interest:

OLCC and Term loan-13.50%

Commission for LC/BG :1.00%

Terms of Repayment:

OLCC-As per OD/CC Rules

LC/BG- As per LC/ BG Conditions

Term Loan ( Furnace Unit) - 72 EMI of Rs.2.034 millions (Holiday Period of 8 Months)

Term Loan ( Rolling Unit) - 72 EMI of Rs.4.068 millions (Holiday Period of 14 Months)

Margin:

OLCC - 20% on stock and book Debts

Term Loan - 25%

LC/BG - 5% Cash Margin as Fixed Deposits

Extent and Operation of the charge:

The charge operates as security, inter alia, for the due repayment by the company to the Bank for limits sanctioned to the extent of Rs.1300.000 millions with interest, additional interest, liquidated damages, commitment charges, premia on prepayment or on redemption, costs, charges, expenses and all other moneys payable by the company to the Bank

Short particulars of the property charged

Primary Security

OLCC - Stock and Book Debts

Term Loan - Hypothecation of Machinery

All that house bearing Mch No.11-6-56 (Old No.6-56) on part of plot No. 3 in the Sy No.716/3, 719, 720, 721/3 and 722/2 of Kukatpally Village admeasuring 1001 Sq Yards equivalent to 836.93 Sq mts

All that house bearing Mch No. 11-6-57 (Old No.6- 57) on part of Plot No.3 in the Survey No.716/3, 719, 720, 721/3 and 722/2 of Kukatpally Village admeasuring 1001 Sq Yards equivalent to 836.93 Sq mts

All that piece and parcel of land admeasuring Ac 2.08gts in Sy No.36 and Ac 2.29 gts in Syno.37, Ac 0.39 gts in Sy No 37; 1 Ac .0.30 gts in Sy No 39, Ac 1.00 gts in Sy no.40 total admeasuring Ac 4.37 gts and construction to be put up there on situated at Gundeda village, Balanagar Mandal, Mahaboobnagar Dist, A.P

All that Agricultural land admeasuring Ac 2-14gts or 0.95 Hectors in Sy No 419 situated at Sultanpur Village, patancheru Mandal, Medak District

Date of latest modification prior to the present modification

11.07.2011

Particulars of the present modification

Total limits enhanced from Rs.770.000 millions to Rs.1300.000 millions

(Rs. in millions)

Nature of facility	Existing Limit	Increased Limit
OLCC	450.000	750.000
FLC/ILC/BG	320.000	250.000
Term Loan	--	300.000
Total Limit	770.000	1300.000

FIXED ASSETS:

· Land

· Buildings

· Factory Building

· Plant and Equipment

· Factory Equipments

· Other Plant and Equipment

· Furniture and Fixtures

· Vehicles

· Motor Vehicles

· Office Equipment

· Computer Equipments

· Other Equipments

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

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.58.74
UK Pound	1	Rs.91.99
Euro	1	Rs.78.70

INFORMATION DETAILS

Information Gathered by :	PDT
Report Prepared by :	SMN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--RESERVES	1~10	4
--CREDIT LINES	1~10	4
--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
DEFAULTERS
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		36

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	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.