MIRA
INFORM REPORT
|
Report Date : |
29.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
UNICORN DIGITAL SYSTEMS PRIAVTE LIMITED |
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|
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Registered
Office : |
Room No.6, 1St Floor,137-A, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
28.09.1993 |
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Com. Reg. No.: |
11-074193 |
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Capital Investment
/ Paid-up Capital : |
Rs. 0.400 Million |
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CIN No.: [Company Identification
No.] |
U30007MH1993PTC074193 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Manufacturer, Trader Exporter and Importer of Electric golf
car, Electric Cars, Electric Trucks, Electric Tricycles & Auto rickshaws,
Electric Motor Cycles, Electric Handicap Vehicles, Electric Sightseeing
vehicles, Electric Utility Vehicles. |
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|
|
|
No. of Employees
: |
18 (Approximately) (Office=3+Facrory=18) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (14) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The company has incurred huge accumulated losses which has eroded net worth
of the company. Liquidity position of the company is under pressure. Business is active. Payment terms are slow. The company can be considered for business dealings on safe and
secured 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.
ECGC Country Risk Classification List – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Vipul Shah |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9820707700 |
|
Date : |
24.12.2014 |
LOCATIONS
|
Registered Office : |
Room No.6, 1St Floor,137-A, C. P. Tank Road, Mumbai – 400004,
Maharashtra, India |
|
Tel. No.: |
91-22-22422228 |
|
Mobile No.: |
91-9820707700 (Mr. Vipul Shah) |
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Fax No.: |
91-22-22422228 |
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E-Mail : |
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|
Website : |
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Area : |
180 Sq. Ft. |
|
Location : |
Owned |
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Corporate Office : |
Unit No. 42, Subhdra Industrial Estate, Tungar Phata, On NH# 8, Vasai
East, 401208 Mumbai Maharashtra India |
|
Area : |
5000 Sq. Ft. |
|
Location : |
Rented |
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|
|
|
Factory : |
C9, Kushal Managl Industrial Estate, Tungar Phata, Near NH # 8, Vasai East,
Thane – 401208, Maharashtra, India |
DIRECTORS
As on: 30.09.2014
|
Name : |
Mrs. Chandrika Vinodchandra Shah |
|
Designation : |
Director |
|
Address : |
7 2B Flat No. 7, Building No 2B, 2nd Floor, Jaihind Estate CHS
Dr. Atmaram Merchant Marg, Bhuleshwar, Maharashtra, India. |
|
Date of Birth/Age : |
72 Years |
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Qualification : |
Inter |
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|
|
Name : |
Mr. Vipul Vinodchandra Shah |
|
Designation : |
Director/ Chief Executive Officer |
|
Address : |
7 2B Flat No. 7, Building No 2B, 2nd Floor, Jaihind Estate
CHS Dr. Atmaram Merchant Marg, Bhuleshwar, Maharashtra, India. |
|
Date of Birth/Age : |
04.01.1966 |
|
Qualification : |
BE |
|
Experience : |
26 Years |
|
Date of Appointment : |
28.09.1993 |
|
DIN No.: |
03193461 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Vinodchandra Ambalal Shah |
500 |
1.25 |
|
Chandrika Vinodchandra Shah |
500 |
1.25 |
|
Vinodchandra Ambalal Shah |
39000 |
97.50 |
|
|
|
|
|
Total |
40000 |
100.00 |
As on: 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Electric golf car, Electric Cars, Electric
Trucks, Electric Tricycles & Auto rickshaws, Electric Motor Cycles,
Electric Handicap Vehicles, Electric Sightseeing vehicles, Electric Utility
Vehicles. |
|
|
|
|
Products : |
·
Electric Pedi
cab for Export only ·
Electric
Handicapped Vehicles for Exports ·
Electric Cars
Only For Exports |
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|
Brand Names : |
Unicorn Auto |
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Agencies Held : |
Not Available |
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Exports : |
Not Applicable |
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Products : |
·
Electric Rickshaw ·
Electric Vehicles |
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Countries : |
·
Bangladesh ·
Ghana ·
Belgium |
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Imports : |
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Products : |
·
BLDC Motos ·
Raw Material |
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Countries : |
·
China |
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Terms : |
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Selling : |
Cash and Advance Payment |
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Purchasing : |
Cash and Advance Payment |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers
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No. of Employees : |
18 (Approximately) (Office=3+Facrory=15) |
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Bankers : |
·
Schedule Bank
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Auditors : |
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|
Name : |
Shah And Sheth Associates Chartered Accountant |
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Address : |
17-B, Hajihabib, 2nd Floor, Dadar (E), 182 Naigaon Cross Road, Mumbai –
400014, Maharashtra, India |
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Tel. No.: |
91-22-224151564 |
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E-Mail : |
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PAN No.: |
AAHPS8062R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
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Sister Concern: |
Not Available |
CAPITAL STRUCTURE
As on: 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
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|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000 |
Equity Shares |
Rs.10/- each |
Rs. 0.400
Million |
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|
|
FINANCIAL DATA
[All figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
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|
(a) Share Capital |
0.400 |
0.400 |
0.400 |
|
(b) Reserves & Surplus |
(3.514) |
(3.682) |
(2.816) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
(3.114) |
(3.282) |
(2.416) |
|
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|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3.713 |
3.324 |
2.989 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
3.713 |
3.324 |
2.989 |
|
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|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
0.705 |
0.586 |
0.001 |
|
(c) Other current
liabilities |
2.770 |
3.020 |
2.800 |
|
(d) Short-term provisions |
0.186 |
0.000 |
0.000 |
|
Total Current Liabilities (4) |
3.661 |
3.606 |
2.801 |
|
|
|
|
|
|
TOTAL |
4.260 |
3.648 |
3.374 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
0.000 |
0.000 |
0.000 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible
assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.756 |
3.421 |
2.952 |
|
(c) Trade receivables |
3.251 |
0.186 |
0.000 |
|
(d) Cash and cash
equivalents |
0.244 |
0.032 |
0.241 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.181 |
|
(f) Other current assets |
0.009 |
0.009 |
0.000 |
|
Total Current Assets |
4.260 |
3.648 |
3.374 |
|
|
|
|
|
|
TOTAL |
4.260 |
3.648 |
3.374 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5.053 |
0.556 |
1.826 |
|
|
|
Other Income |
0.000 |
0.166 |
0.000 |
|
|
|
TOTAL (A) |
5.053 |
0.722 |
1.826 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
0.829 |
0.744 |
1.721 |
|
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
2.665 |
(0.469) |
(0.337) |
|
|
|
Employees benefits expense |
0.604 |
0.485 |
0.609 |
|
|
|
Other expenses |
0.735 |
0.824 |
0.850 |
|
|
|
TOTAL (B) |
4.833 |
1.584 |
2.843 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.220 |
(0.862) |
(1.017) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.007 |
0.004 |
0.007 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.213 |
(0.866) |
(1.024) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
0.213 |
(0.866) |
(1.024) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.045 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.168 |
(0.866) |
(1.024) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(3.707) |
(2.841) |
(1.817) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(3.539) |
(3.707) |
(2.841) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
42.04 |
(21.65) |
(25.60) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.32 |
(155.76) |
(56.08) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
4.35 |
(155.04) |
(55.70) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.00 |
(23.74) |
(30.35) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.07) |
0.26 |
0.42 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(1.19) |
(1.01) |
(1.24) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.16 |
1.01 |
1.20 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
0.400 |
0.400 |
0.400 |
|
Reserves & Surplus |
(2.816) |
(3.682) |
(3.514) |
|
Net worth |
(2.416) |
(3.282) |
(3.114) |
|
|
|
|
|
|
long-term borrowings |
2.989 |
3.324 |
3.713 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
2.989 |
3.324 |
3.713 |
|
Debt/Equity ratio |
(1.237) |
(1.013) |
(1.192) |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
1.826 |
0.556 |
5.053 |
|
|
|
(69.551) |
808.813 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
1.826 |
0.556 |
5.053 |
|
Profit/Loss |
(1.024) |
(0.866) |
0.168 |
|
|
(56.08%) |
(155.76%) |
3.32% |
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 |
Yes |
|
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 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 |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
Note: Registered Office
of the company has been shifted from “ROOM NO 19 1ST FLOOR137 A C P TANK ROAD
MUMBAI – 400004, Maharashtra, INDIA” to the present address w.e.f. 10.12.2000.
OPERATIONS:
Company has achieved total turnover of Rs. 5.053 Millions during the period ended on 31st March, 2OI4 Company has earned profit of Rs. 0.213 Million before provision for taxation. Company has incurred loss due to increase and Expand the business but no results were seen in the year.
UNSECURED LOAN
|
Particular |
As
on 31.03.2014 (Rs.
In Millions) |
As
on 31.03.2013 (Rs.
In Millions) |
|
Long Term
Borrowing |
|
|
|
From Directors |
3.713 |
3.324 |
|
|
|
|
|
Total |
3.713 |
3.324 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
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 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.63.45 |
|
|
1 |
Rs.98.51 |
|
Euro |
1 |
Rs.77.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
- |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
- |
|
--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 |
|
14 |
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.