MIRA INFORM REPORT

Report Date :

25.03.2013

IDENTIFICATION DETAILS

Name :	ANAMIKA CONDUCTORS LIMITED
Registered Office :	B-70, "Upsana Tower", Rajendra Marg, Bapu Nagar, Jaipur – 302015, Rajasthan
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	15.12.1988
Com. Reg. No.:	17-004726
Capital Investment / Paid-up Capital :	Rs. 29.532 Millions
CIN No.: [Company Identification No.]	U31300RJ1988PLC004726
PAN No.: [Permanent Account No.]	AABCA5681P
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	The Company engaged in manufacturer of high quality ACSR (Aluminum Conductor Steel Reinforced), AAAC (ALL Aluminium Alloy Conductor), AAC (All Aluminium Conductor), XLPE Insulated Aerial Bunched Cable and XLPE insulated PVC Sheathed armoured Cables.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (42)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 1000000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having a satisfactory track record. There appears slight dip in profitability during the current year. The external borrowing seems to be increasing over a year. However, networth of the company is strong. The performance capability is high. Trade relations are reported to be fair. Business is active. Payments are reported to be slow but correct. The company can be considered for normal business dealing at usual trade terms and condition.

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

EXTERNAL AGENCY RATING

Rating Agency Name	CARE
Rating	Long Term Bank Facilities
Rating Explanation	Having moderate risk of default regarding timely servicing of financial obligation
Date	December 2012

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 / Corporate Office :	B-70, "Upsana Tower", Rajendra Marg, Bapu Nagar, Jaipur – 302015, Rajasthan, India
Tel. No.:	91-141-2707853 / 2703141 / 4016853
Fax No.:	91-141-2709479
E-Mail :	anamikacond@hotmail.com support@anamikacond.com
Website :	http://www.anamikacond.com
Factory 1 :	Shed No. 4, 5, 6 and 9 -12, Malviya Industrial Area, Jaipur – 302017, Rajasthan, India
Factory 2 :	SP-4(B), Kilkipura RIICO Industrial Area, hivdaspura, Jaipur, Rajasthan, India

DIRECTORS

As on 29.09.2012

Name :

Mr. Satyabhushan Lal Jain

Designation :

Director

Address :

32, Uniara Garden Near Police Memorial, Jaipur, Rajasthan, India

Date of Birth/Age :

16.09.1937

Date of Appointment :

02.05.2011

DIN No.:

00002582

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	L31300RJ1982PLC002460	MODERN INSULATORS LIMITED	Director	31-03-98	31-03-98	-	Active	NO
2	L74899DL1994PLC059950	PUSHPSONS INDUSTRIES LIMITED	Director	18-10-03	18-10-03	-	Active	NO
3	U27107RJ1970PTC001305	MAN STRUCTURALS PRIVATE LIMITED	Director	29-12-03	29-12-03	-	Active	NO
4	L17115RJ1980PLC002075	MODERN THREADS (INDIA) LIMITED	Director	30-09-09	29-12-08	-	Active	NO
5	U31300RJ1988PLC004726	ANAMIKA CONDUCTORS LIMITED	Director	02-05-11	02-05-11	-	Active	NO

Name :

Mr. Sharad Kumar Bakliwal

Designation :

Managing Director

Address :

B-129, Rajendra Marg, Bapu Nagar, Jaipur, Rajasthan, India

Date of Birth/Age :

28.07.1959

Date of Appointment :

01.01.2011

Pan No.:

ABRPB7453Q

DIN No.:

00438278

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	U31300RJ1988PLC004726	ANAMIKA CONDUCTORS LIMITED	Managing director	01-01-11	15-12-88	-	Active	NO
2	U31909RJ1997PTC013470	RAJASTHAN ELECHEM PRIVATE LIMITED	Director	27-03-97	27-03-97	-	Active	NO
3	U23201RJ1999PTC015378	ANAMIKA OIL PRIVATE LIMITED	Director	10-02-99	10-02-99	-	Active	NO
4	U27203RJ1991PTC005828	ADITYA ALUMINIUM PRIVATE LIMITED	Director	16-08-08	16-08-08	-	Active	NO

Name :

Mrs. Usha Bakliwal

Designation :

Whole-Time Director

Address :

B-129, Rajendra Marg, Bapu Nagar, Jaipur, Rajasthan, India

Date of Birth/Age :

24.09.1959

Date of Appointment :

25.04.2011

Pan No.:

ABOPB2730R

DIN No.:

00438299

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	U31300RJ1988PLC004726	ANAMIKA CONDUCTORS LIMITED	Whole-time director	25-04-11	15-12-88	-	Active	NO
2	U27203RJ1991PTC005828	ADITYA ALUMINIUM PRIVATE LIMITED	Director	15-02-91	15-02-91	-	Active	NO
3	U23201RJ1999PTC015378	ANAMIKA OIL PRIVATE LIMITED	Director	10-02-99	10-02-99	-	Active	NO

Name :

Mr. Aditya Bakliwal

Designation :

Director

Address :

B-129, Rajendra Marg, Bapu Nagar, Jaipur, Rajasthan, India

Date of Birth/Age :

10.05.1990

Date of Appointment :

09.03.2012

DIN No.:

02320220

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	U31300RJ1988PLC004726	ANAMIKA CONDUCTORS LIMITED	Director	09-03-12	16-08-08	-	Active	NO
2	U23201RJ1999PTC015378	ANAMIKA OIL PRIVATE LIMITED	Director	12-03-11	12-03-11	-	Active	NO

Name :

Mr. Kamal Jain

Designation :

Whole-Time Director

Address :

333, Officers Campus, Khatipura, Jaipur, Rajasthan, India

Date of Birth/Age :

29.01.1950 ,

Date of Appointment :

02.05.2011

DIN No.:

03467318

Name :

Mr. Shankar Lal Gupta

Designation :

Director

Address :

E-110, Shastri Nagar, Opp. R.P.A. Quaters, Jaipur, Rajasthan, India

Date of Birth/Age :

14.08.1947

Date of Appointment :

02.05.2011

DIN No.:

03467327

Name :

Mr. Salil Misra

Designation :

Director

Address :

C-2/2461, Vasant Kunj, New Delhi, India

Date of Birth/Age :

04.03.1951

Date of Appointment :

02.05.2011

DIN No.:

03511505

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	U31300RJ1988PLC004726	ANAMIKA CONDUCTORS LIMITED	Director	02-05-11	02-05-11	-	Active	NO
2	U74140DL2011PTC227065	SHRIYA MANAGEMENT CONSULTANTS PRIVATE LIMITED	Director	10-08-12	10-08-12	-	Active	NO

KEY EXECUTIVES

Name :	Reema Agarwal
Designation :	Secretary
Address :	C/O Kalpana Sharma, Ke-12, Kabir Marg, Bani Park, Jaipur, Rajasthan, India
Date of Birth/Age :	27.10.1986
Date of Appointment :	12.03.2011
Pan No.:	AMQPA2530F

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2012

SHAREHOLDING DETAILS FILE ATTACHED

As on 29.09.2012

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	97.09
Other top fifty shareholders	2.91
Total	100.00

BUSINESS DETAILS

Line of Business :

The Company engaged in manufacturer of high quality ACSR (Aluminum Conductor Steel Reinforced), AAAC (ALL Aluminium Alloy Conductor), AAC (All Aluminium Conductor), XLPE Insulated Aerial Bunched Cable and XLPE insulated PVC Sheathed armoured Cables.

Products :

Description of product or service	ITC Code
Stranded Wire, Cbls Etc Wth Steel Core	76141000
Other Aluminium Wire ]Not Alloyed	76051900

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

State Bank of Bikaner and Jaipur, Bapu Nagar Branch, Bhawani Singh Road, Jaipur - 302001, Rajasthan, India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2012	As on 31.03.2011
Long-term borrowings
Rupee term loans from banks TERM LOAN FROM SBBJ (Secured against Wind Farm Plants and Land)	109.093	63.057
Rupee Term Loans From Others Term Loan From Reliance Capital Limited (Secured Against Office Premise)	12.479	14.829
Loans taken for vehicles Axis Bank Car Loan and Term Loan From SBBJ (Car Loan)	1.928	0.000
Short-term borrowings
Loans repayable on demand from banks	346.410	248.123
Total	469.910	326.009

Banking Relations :	--
Auditors :
Name :	R. Trehan and Company Chartered Accountants
Address :	C -177 , Shyam Apartment , Sarojini Marg , C - Scheme , Jaipur, Rajasthan, India
PAN No. :	ABFPT4877N

CAPITAL STRUCTURE

As on 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
3000000	Equity Shares	Rs.10/- each	Rs.30.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2953161	Equity Shares	Rs.10/- each	Rs.29.532 Millions

Disclosure of shareholding more than five per cent in company

Name of shareholder	Number of shares held in company	Percentage of shareholding in company
Sharad Kumar Bakliwal	22,15,921	75.00%
Usha Bakliwal	4,80,480	16.00%

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2012	31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		29.532	26.832	26.732
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		228.562	176.936	118.491
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		258.094	203.768	145.223
LOAN FUNDS
1] Secured Loans		469.910	326.009	246.806
2] Unsecured Loans		153.030	85.724	64.857
TOTAL BORROWING		622.940	411.733	311.663
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		881.034	615.501	456.886
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		243.422	174.062	121.066
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		8.512	4.512	0.005
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	157.165	88.382	86.618
	Sundry Debtors	452.940	350.526	193.247
	Cash & Bank Balances	101.295	78.749	79.374
	Other Current Assets	0.645	0.555	0.000
	Loans & Advances	30.094	36.197	36.002
Total Current Assets		742.139	554.409	395.241
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	104.734	104.076	48.753
	Other Current Liabilities	1.345	0.245	2.519
	Provisions	6.960	13.161	8.154
Total Current Liabilities		113.039	117.482	59.426
Net Current Assets		629.100	436.927	335.815
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		881.034	615.501	456.886

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Total revenue from operations	2274.671	2024.911	1171.064
		Other Income	14.441	9.452	0.744
		TOTAL (A)	2289.112	2034.363	1171.808
Less	EXPENSES
		Cost of materials consumed	2102.214	1875.871
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	8.658	(6.734)	1105.877
		Employee benefit expense	1.900	1.243
		Other expenses	51.519	41.423
		TOTAL (B)	2164.291	1911.803	1105.877
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		124.821	122.560	65.931
Less	FINANCIAL EXPENSES (D)		75.306	45.305	30.715
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		49.515	77.255	35.216
Less/ Add	DEPRECIATION/ AMORTISATION (F)		11.923	8.162	7.391
	PROFIT BEFORE TAX (E-F) (G)		37.592	69.093	27.825
Less	TAX (H)		6.766	11.049	4.729
	PROFIT AFTER TAX (G-H) (I)		30.826	58.044	23.096
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		155.093	97.049	73.953
	BALANCE CARRIED TO THE B/S		185.919	155.093	97.049
	Earnings Per Share (Rs.)		11.60	22.80	8.64

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	1.35	2.85	1.97
Net Profit Margin (PBT/Sales)	(%)	1.65	3.41	2.38
Return on Total Assets (PBT/Total Assets}	(%)	3.81	9.48	5.39
Return on Investment (ROI) (PBT/Networth)		0.15	0.34	0.19
Debt Equity Ratio (Total Debt /Networth)		2.41	2.02	2.15
Current Ratio (Current Asset/Current Liability)		6.57	4.72	6.65

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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

CONTINGENT LIABILITIES IS NOT PROVIDED FOR :

Rs. In Millions

Particular	31.03.2012	31.03.2011
Guarantee given by Bankers on behalf of the Company	368.664	321.168
Counter Guarantee given by the Company	368.664	321.168

UNSECURED LOAN

Rs. In Millions

Particular	As on 31.03.2012	As on 31.03.2011
Long-term borrowings
Other loans and advances, others	153.030	85.724
Total	153.030	85.724

FIXED ASSETS

• Land
• Buildings
• Factory building
• Plant and equipment
• Furniture and fixtures
• Vehicles
• 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.54.34
UK Pound	1	Rs.82.56
Euro	1	Rs.70.10

INFORMATION DETAILS

Report Prepared by :

NTH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		42

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.