|
Report Date : |
08.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
TECHNOVAA PLASTIC INDUSTRIES PRIVATE LIMITED (w.e.f. 21.02.2011) |
|
|
|
|
Formerly Known
As : |
TECHNOPACK INDIA PLASTIC INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No. 822, C Wing, Atrium Building, Next to Marriot, Court Yard,
Chakala, Andheri Kurla Road, Andheri (East), Mumbai – 400 059, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation
: |
08.06.2010 |
|
|
|
|
Com. Reg. No.: |
11-203882 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 33.199 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25203MH2010PTC203882 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMT16448F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and
Dealer in all types of plastics and its raw materials like plasticizers,
packaging materials, lubricants and stabilizers. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 532000 |
|
|
|
|
Status : |
Project under implementation |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Eventhough the company was incorporated in the year June 2010, they
have not yet started with core business activity. As per the available financial the networth appears to be
satisfactory. The external borrowing seems to be huge. Business is active. Payments are unknown. 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.
INDIAN ECONOMIC OVERVIEW
|
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
|
Name : |
Mr. Dinesh |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9825015535 |
|
Date : |
06.03.2013 |
LOCATIONS
|
Registered Office : |
Unit No. 822, C Wing, Atrium Building, Next to Marriot, Court Yard, Chakala,
Andheri Kurla Road, Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-61293786 |
|
Mobile No.: |
91-9825015535 (Mr. Dinesh) |
|
Fax No.: |
91-22-61293799 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Survey No. 1256 and 1261, Raipur-Jhulasan Road, Rajpur, Kadi Mehasana
– 382715, Gujarat, India |
|
|
|
|
Communication Address : |
32, World Business House, Near Parimal Garden. Ellisbridge, Ahmedabad
– 380006, Gujarat, India |
|
Tel. No.: |
91-79-26560677 |
|
E-Mail : |
DIRECTORS
AS ON 05.09.2012
|
Name : |
Mr. Talib Hassan Darvesh |
|
Designation : |
Director |
|
Address : |
Nova Industries LLC-Direct, P.O. Box 6512, Dubai 6512, United Arab
Emirates |
|
Date of Birth/Age : |
29.06.1981 |
|
Date of Appointment : |
08.06.2010 |
|
DIN No.: |
02237655 |
|
|
|
|
Name : |
Mr. Ahsan Hassan Darvesh |
|
Designation : |
Director |
|
Address : |
P.O. Box No. 2194, Elegant Furniture MFG LLC, Dubai 2194, United Arab Emirates |
|
Date of Birth/Age : |
18.02.1978 |
|
Date of Appointment : |
08.06.2010 |
|
DIN No.: |
02275018 |
KEY EXECUTIVES
|
Name : |
Mr. Dinesh |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 05.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Talib Darvesh |
|
1100236 |
|
Ahsan Darvesh |
|
427175 |
|
Hassan Darvesh |
|
4431656 |
|
|
|
|
|
Total |
|
5959067 |
AS ON 31.12.2012
|
Names of Allottees |
|
No. of Shares |
|
Hassan Darvesh |
|
505805 |
|
Talib Darvesh |
|
163303 |
|
Ahsan Darvesh |
|
163303 |
|
|
|
|
|
Total |
|
832411 |
AS ON 05.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and
Dealer in all types of plastics and its raw materials like plasticizers,
packaging materials, lubricants and stabilizers. |
GENERAL INFORMATION
|
Suppliers : |
Ř D.J Chavda
Construction Company Ř Hilti India
Private Limited Ř Jay Umiya
Traders Ř Manthan
Enterprise Ř Mega Star
Trading Company L.L.C. Ř Radix
Innovations Private Limited Ř Ravish
Enterprise Ř Sankalp
Performed Systems Private Limited (Steel Bldg) Ř Sintex
Industries Limited Ř Nikshal
Properties Private Limited Ř Yogi Derasari
and Associates Ř Uttar Gujarat
Vij Company Limited Ř G M Kapadia and
Company |
||||||||||||
|
|
|
||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
Ř Bank of Baroda, Opposite
Dinbhai Towers, Lal Darwaja Bhadra, Ahmedabad – 380001, Gujarat, India Ř Bank of India Ř Indusind Bank
Limited Ř IDBI Bank
Limited |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Yogi Derasari and Associates Chartered Accountants |
|
Address : |
D-202, Rajshree Enclave, Opposite Tulip Citadel, Shreyas Tekra,
Manekbaug, Ahmedabad – 380015, Gujarat, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AEMPD7255C |
|
|
|
|
Enterprise in which
Directors and Key Managerial Personnel have significant influence : |
Ř Darvesh Fire and
Safety Industries Private Limited Ř Mega Star
Trading LLC |
CAPITAL STRUCTURE
AS ON 05.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,959,067 |
Equity Shares |
Rs. 10/- each |
Rs. 59.591
Millions |
|
|
|
|
|
AS ON 31.03.2012
Authorised Capital : Not Available
Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,319,904 |
Equity Shares |
Rs. 10/- each |
Rs. 33.199
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
33.199 |
0.100 |
|
|
2] Share Application Money |
|
65.397 |
47.757 |
|
|
3] Reserves & Surplus |
|
34.424 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
133.020 |
47.857 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
257.437 |
0.000 |
|
|
2] Unsecured Loans |
|
24.396 |
0.000 |
|
|
TOTAL BORROWING |
|
281.833 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
414.853 |
47.857 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
150.073 |
75.380 |
|
|
Capital work-in-progress |
|
253.419 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.015 |
0.000 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
|
0.564 |
1.493 |
|
|
Other Current Assets |
|
0.670 |
0.670 |
|
|
Loans & Advances |
|
17.093 |
0.603 |
|
Total
Current Assets |
|
18.327 |
2.766 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
6.334 |
30.269 |
|
|
Other Current Liabilities |
|
0.000 |
0.000 |
|
|
Provisions |
|
0.647 |
0.020 |
|
Total
Current Liabilities |
|
6.981 |
30.289 |
|
|
Net Current Assets |
|
11.346 |
(27.523) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
414.853 |
47.857 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
2.12 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
2.63 |
0.09 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 (Rs. In Millions) |
31.03.2011 (Rs. In Millions) |
|
Creditors Due others |
6.334 |
30.269 |
SUNDRY CREDITORS
PARTIAL DETAILS:
|
Particulars |
31.03.2012 (Rs. In Millions) |
31.03.2011 (Rs. In Millions) |
|
D.J Chavda Construction Company |
0.369 |
0.000 |
|
Dinesh Muzumdar-Salary |
0.156 |
0.252 |
|
Godiawala Tours and Travels |
0.058 |
0.000 |
|
Hilti India Private Limited |
0.314 |
0.000 |
|
Jay Umiya Traders |
0.031 |
0.000 |
|
Kaushal Patel Salary |
0.014 |
0.000 |
|
Keyur J Shah |
0.020 |
0.000 |
|
Krushak R Bhavsar - Salary |
0.071 |
0.000 |
|
Manthan Enterprise |
0.043 |
0.000 |
|
Mega Star Trading Company L.L.C. |
1.131 |
0.000 |
|
Radix Innovations Private Limited |
0.182 |
0.000 |
|
Rakesh Dere - Salary |
0.011 |
0.000 |
|
Ravish Enterprise |
0.065 |
0.000 |
|
S.Ramesh Salary Exp |
0.096 |
0.000 |
|
Sankalp Performed Systems Private Limited
(Steel Bldg ) |
0.435 |
0.000 |
|
Sintex Industries Limited |
0.025 |
0.000 |
|
Uttar Gujarat Vij Company Limited |
0.057 |
0.000 |
|
Nikshal Properties Private Limited |
4.600 |
29.600 |
|
Yogi Derasari and Associates |
0.090 |
0.005 |
|
G M Kapadia and Company |
0.000 |
0.313 |
|
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 |
No |
|
12] |
Profitability for last
three years |
No |
|
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 |
Yes |
|
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 LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Darvesh Fire and Safety Ind. Private Limited |
21.902 |
0.000 |
|
Raheel Sanjeev Patel |
1.247 |
0.000 |
|
Ashini Sanjeev Patel |
1.247 |
0.000 |
|
Total |
24.396 |
0.000 |
Note:
The registered address of the company has been shifted from Hoor Manzil,
7 Perry Cross Road, Bandra (West), Mumbai - 400050, Maharashtra, India to the
present w.e.f.28.12.2010
OPERATIONS AND
FINANCIAL RESULTS
The Company has
not yet started any manufacturing / commercial activity during the Financial Year
ended 31st March, 2012.
The Company has
completed the construction of factory shed at kadi, Mehsana and had in place
machineries for CPP and Metaliser and is planning to commence the commercial
production of CPP and Metallsing Division in the 1st week of September 2012.
DELAY IN
COMMENCEMENT OF OPERATIONS
The commercial
production of CPP films and Metallizer Divisions are likely to be delayed and
are proposed to commence in the 1st week of September 2012. The Company is
proposing to defer the stretch film division as the ordered machine with
desired modifications suggested by the Company has not been supplied yet. The
management is planning to replace the stretch film division with another line
of CPP film subject to feasibility study. It may also be noted that the Paper
Core division will be started in the month of October, 2012.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U25203MH2010PTC203882 |
|
Name of the
company |
TECHNOVAA PLASTIC
INDUSTRIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Unit No. 822, C Wing, Atrium Building, Next to Marriot, Court Yard,
Chakala, Andheri Kurla Road, Andheri (East), Mumbai – 400 059, Maharashtra,
India Email: keyur.shah@hsa.co.in |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
Bank of Baroda, Opposite Dinbhai Towers, Lal Darwaja Bhadra, Ahmedabad
– 380001, Gujarat, India Email: bhadra@bankofbaroda.com
|
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum of
Entry dated 13.04.2012 registered with sub-registrar vide instrument of
Deposit of Title Deed dated 09.05.2012 |
|
Date of
instrument Creating the charge |
13.04.2012 |
|
Amount secured by
the charge |
Rs. 1136.200
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest CC - 2.75% + BR
PRSNTLY 13.50% P. A. MNTHLY RESTS TL - 2.75% + BR
PRSNTLY 13.5% P. A. mnthly rest or such rate as may be prescribed by bank fm
time to time LC - 60% of Appl
Rate BG - 50% of Appl Rate Terms of Repayment Term Loan - 36
Quaterly Instalments First 16 - Rs 17.500 Millions Each, Next 190.000 –
28.800 Millions Each, Last 36th - Rs.290.000 Millions Commencing FM 12 Months of First
Disbursement Capex LC - On Due
Date Cash Credit - On
Demand / Annual Review BK Guarantee - On
Demand / Annual Review Margin Term Loan - 15% Inland/Foreign LC
- CC Stocks - 25% CC Book Debts -
40% BG - 15% Extent and Operation of the charge First and
exclusive charge over the Immovable Properties of the Company in favour of
the BANK OF BARODA Others Amount Rs. in
Millions Term Loan 856.200 LC (400.000) CC STK/BD 180.000 BK GUA 100.000 TOTAL 1136.200 |
|
Short particulars
of the property charged |
Land bearing
Consolidated Survey No. 1256 and Survey No. 1261 along with the construction
constructed / to be constructed thereon situate lying and being at Mouje Rajpur, Taluka - Kadi, District - Mehsana
of Memorandum of Entry |
FIXED ASSETS:
Ř Land
Ř Building
Ř Plant and
Machinery
Ř Office Equipment
Ř Computers
Ř Furniture
Ř 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. 54.74 |
|
|
1 |
Rs. 82.14 |
|
Euro |
1 |
Rs. 71.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.