MIRA INFORM REPORT
|
Report Date : |
09.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
JOHN OIL AND GAS LIMITED |
|
|
|
|
Registered
Office : |
220, GIDC Estate Highway, Mehsana-384002, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on)
: |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
01.11.1994 |
|
|
|
|
Com. Reg. No.: |
04-023496 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 54.935 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15147GJ1994PLC023496 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Repairing of Oil and Rigs (They have contract with
ONGC) |
|
|
|
|
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 460000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The
company has earned minimal income and it has been continuous incurring
losses. However, trade relations are reported as fair. Business is active.
Payments are reported to be slow. The company can be considered for business dealings with some
cautions. |
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 |
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 : |
220, GIDC Estate Highway, Mehsana-384002, Gujarat, India |
|
Tel. No.: |
91-276-2254079 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Maheshkumar Natvarlal Vyas |
|
Designation : |
Director |
|
Address : |
14, Ashwamegh
Bunglows, Part-IV, 132 Ft Ring Road, Satelite, Ahmedabad-380015, Gujarat,
India |
|
Date of Birth/Age : |
01.06.1957 |
|
Date of Appointment : |
01.11.1994 |
|
PAN No.: |
AAMPV3026D |
|
DIN No.: |
00432810 |
|
|
|
|
Name : |
Mr. Dilipkumar Natvarlal Vyas |
|
Designation : |
Director |
|
Address : |
19, Suramya Society, Next Kanak Guest House, Mehsana-384002, Gujarat,
India |
|
Date of Birth/Age : |
01.01.1964 |
|
Date of Appointment : |
01.11.1994 |
|
PAN No.: |
AAMPV4699N |
|
DIN No.: |
00432971 |
|
|
|
|
Name : |
Mrs. Bhartiben Gunvantray Panchal |
|
Designation : |
Director |
|
Address : |
25, Saikrupa Society, Radhanpur Char Rasta, Mehsana-384002, Gujarat, India
|
|
Date of Birth/Age : |
03.02.1962 |
|
Date of Appointment : |
01.11.1994 |
|
DIN No.: |
00433085 |
|
|
|
|
Name : |
Mr. Natvarlal Shankarlal Vyas |
|
Designation : |
Director |
|
Address : |
19, Suramya Society, Next Kanak Guest House, Mehsana-384002, Gujarat,
India |
|
Date of Birth/Age : |
06.08.1932 |
|
Date of Appointment : |
01.11.1994 |
|
DIN No.: |
02385363 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Equity Shareholders |
No. of Shares |
|
Maheshkumar Natvarlal Vyas |
658145 |
|
Dilipkumar Natvarlal Vyas |
226700 |
|
Bhartiben Gunvantray Panchal |
37895 |
|
Abhabem Dilipkumar Vyas |
100 |
|
Natvarlal Shankarlal Vyas |
11760 |
|
Chiragkumar Maheshkumar Vyas |
70300 |
|
Chintankumar Maheshkumar Vyas |
52000 |
|
Absolute International Holdings Limited, USA |
21721 |
|
Everest Logistic Private Limited, India |
316000 |
|
Rajkumar Dilipkumar Vyas |
41600 |
|
Ruchitkumar Dilipkumar Vyas |
35700 |
|
TOTAL
|
1471921 |
|
Names of Preference Shareholders |
No. of Shares |
|
PCS Oilfield Supplies , Edmonton |
199390 |
|
Eagle Oilfield Equipment INC, Edmond
|
215687 |
|
TOTAL |
415077 |
AS ON 28.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
1.48 |
|
Bodies corporate |
21.47 |
|
Directors or relatives of Directors |
77.05 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Repairing of Oil and Rigs (They have contract with
ONGC) |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ashvin K Yagnik and Company Chartered Accountant |
|
Address : |
2nd Floor, Ambizone, Near Apollo Enclave Highway,
Mehsana-384002, Gujarat, India |
|
PAN No.: |
AAGFA3729C |
|
|
|
|
Associates : |
John Energy Limited CIN No.:- U29224GJ1987PLC010044 John Engineering Private Limited CIN No.:- U29220GJ2007PTC051281 |
CAPITAL STRUCTURE
AS ON 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
|
1500000 |
Preference Shares |
Rs.100/- each |
Rs. 150.000 Millions |
|
|
TOTAL |
|
Rs. 250.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1471921 |
Equity Shares |
Rs.10/- each |
Rs. 14.719
Millions |
|
415077 |
Preference Shares |
Rs.100/- each |
Rs. 41.508 Millions |
|
|
TOTAL |
|
Rs. 56.227 Millions |
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
|
1500000 |
Preference Shares |
Rs.100/- each |
Rs. 150.000 Millions |
|
|
TOTAL |
|
Rs. 250.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1342721 |
Equity Shares |
Rs.10/- each |
Rs. 13.427
Millions |
|
415077 |
Preference Shares |
Rs.100/- each |
Rs. 41.508 Millions |
|
|
TOTAL |
|
Rs. 54.935 Millions |
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 |
54.935 |
54.935 |
54.935 |
|
|
2] Share Application Money |
32.300 |
19.699 |
19.699 |
|
|
3] Reserves & Surplus |
28.710 |
28.923 |
1.051 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(51.135) |
|
|
5] Share Premium |
0.000 |
0.000 |
81.053 |
|
|
NETWORTH |
115.945 |
103.557 |
105.603 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
17.500 |
32.493 |
178.516 |
|
|
TOTAL BORROWING |
17.500 |
32.493 |
178.516 |
|
|
DEFERRED TAX LIABILITIES |
0.530 |
0.530 |
0.530 |
|
|
|
|
|
|
|
|
TOTAL |
133.975 |
136.580 |
284.649 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
5.689 |
6.113 |
6.587 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
126.587 |
126.587 |
126.587 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.00 |
|
|
Sundry Debtors |
0.178
|
0.288 |
0.000 |
|
|
Cash & Bank Balances |
1.447
|
3.652 |
153.741 |
|
|
Other Current Assets |
0.000
|
0.324 |
0.000 |
|
|
Loans & Advances |
3.141
|
1.508 |
1.615 |
|
Total
Current Assets |
4.766
|
5.772 |
155.356 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.168
|
0.015 |
1.560 |
|
|
Other Current Liabilities |
1.945
|
1.588 |
0.000 |
|
|
Provisions |
0.954
|
0.289 |
2.969 |
|
Total
Current Liabilities |
3.067
|
1.892 |
4.529 |
|
|
Net Current Assets |
1.699
|
3.880 |
150.827 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.648 |
|
|
|
|
|
|
|
|
TOTAL |
133.975 |
136.580 |
284.649 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5.760 |
3.499 |
3.490 |
|
|
|
Other Income |
0.086 |
0.120 |
0.095 |
|
|
|
TOTAL (A) |
5.846 |
3.619 |
3.585 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee benefit expense |
0.000 |
0.000 |
44.444 |
|
|
|
Other expenses |
0.545 |
0.545 |
|
|
|
|
TOTAL (B) |
0.545 |
0.545 |
44.444 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
5.301 |
3.074 |
(40.859) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.211 |
4.616 |
19.403 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.090 |
(1.542) |
(60.262) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.423 |
0.473 |
0.473 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
0.667 |
(2.015) |
(60.735) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.880 |
0.000 |
0.004 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(0.213) |
(2.015) |
(60.739) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(0.16) |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(3.64)
|
(55.68) |
(1694.25) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
11.58
|
(57.59) |
(1740.26) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.38
|
(16.95) |
(37.50) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
(0.02) |
(0.58) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.15
|
0.31 |
1.69 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.55
|
3.05 |
34.30 |
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 |
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 |
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 |
FACILITIES
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Term Loans from Banks |
17.500 |
32.493 |
|
|
|
|
|
TOTAL |
17.500 |
32.493 |
FORM 8
|
Corporate
identity number of the company |
U15147GJ1994PLC023496 |
|
Name of the
company |
JOHN OIL AND GAS
LIMITED |
|
Address of the
registered office or of the principal place of business in |
220, GIDC Estate Highway, Mehsana-384002, Gujarat, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10072090 |
|
Type of charge |
|
|
Particular of
charge holder |
State Bank of India, Overseas Branch, 3rd Floor, Amrit
Jayanti Bhavan, Navjivan Trust Complex, Navjivan P O, Ahmedabad-380014,
Gujarat, India |
|
Nature of
instrument creating charge |
Supplemental
Memorandum of Deposit of Title Deeds dated 24/01/2013 |
|
Date of
instrument Creating the charge |
24.01.2013 |
|
Amount secured by
the charge |
Rs. Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest CC
(Hypothecation) - 3.50% above BR i.e.13.25% p.a. with monthly rests. Corporate Loan -
4.25% above BR i.e.14.00% p.a. with monthly rests. Terms of repayment CC (working
capital) - Repayable on demand. Corporate Loan -
Repayable in 16 quarterly installments after the moratorium of 4 quarters,
commencing from October-December quarter 2013. Margin Stores and Spares
- 25% Receivables
(cover period 90 days) Export + Domestic - 30% LC - 10% BG - 10% Corporate Loan -
NA Extent and operation of the charge The existing
total credit facilities aggregating to Rs.1516.100 Millions granted to John
Energy Limited, having registered office at 220, GIDC Estate, Mehsana,
Gujarat shall now be secured by extension of equitable mortgage charge over
the immovable property of the company situated at Plot No.225, GIDC, Mehsana,
Gujarat |
|
Short particulars
of the property charged (Including location of the property) |
Equitable
mortgage of the immovable property of the company situated at Plot No.225,
GIDC, Mehsana, Gujarat |
|
Date of
instrument modifying the charge |
03.01.2009 |
|
Particulars of
the present modification |
By virtue of the
aforesaid document the existing total credit facilities aggregating to
Rs.1516.100 Millions granted to John Energy Limited, having registered office
at 220, GIDC Estate, Mehsana, Gujarat shall now be secured by extension of
equitable mortgage charge over the immovable property of the company situated
at Plot No.225, GIDC, Mehsana, Gujarat |
FIXED ASSETS
- Land
- Building
- Furniture
- Office
Equipments
- Vehicles
- Office
Building
- Computer
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. 54.16 |
|
|
1 |
Rs. 83.88 |
|
Euro |
1 |
Rs. 70.99 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
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.