|
Report Date : |
06.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
INNOVATION ENTERPRISES LIMITED |
|
|
|
|
Registered Office : |
Business & Technology Park, Carrigtwohill, Co Cork 141614 |
|
|
|
|
Country : |
Ireland |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
07.05.1991 |
|
|
|
|
Com. Reg. No.: |
IE173698 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Manufacture of other inorganic basic chemicals |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
Slow but correct |
|
Litigation : |
Clear |
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, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Ireland |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
IRELAND - ECONOMIC OVERVIEW
Ireland is a small, modern, trade-dependent
economy. Ireland was among the initial group of 12 EU nations that began
circulating the euro on 1 January 2002. GDP growth averaged 6% in 1995-2007,
but economic activity has dropped sharply since the onset of the world
financial crisis. Ireland entered into a recession in 2008 for the first time
in more than a decade, with the subsequent collapse of its domestic property
market and construction industry. Property prices rose more rapidly in Ireland
in the decade up to 2007 than in any other developed economy. Since their 2007
peak, average house prices have fallen 47%. In the wake of the collapse of the
construction sector and the downturn in consumer spending and business
investment, the export sector, dominated by foreign multinationals, has become
an even more important component of Ireland's economy. Agriculture, once the
most important sector, is now dwarfed by industry and services. In 2008 the
former COWEN government moved to guarantee all bank deposits, recapitalize the
banking system, and establish partly-public venture capital funds in response
to the country's economic downturn. In 2009, in continued efforts to stabilize
the banking sector, the Irish Government established the National Asset
Management Agency (NAMA) to acquire problem commercial property and development
loans from Irish banks. Faced with sharply reduced revenues and a burgeoning
budget deficit, the Irish Government introduced the first in a series of
draconian budgets in 2009. In addition to across-the-board cuts in spending,
the 2009 budget included wage reductions for all public servants. These
measures were not sufficient to stabilize Ireland’s public finances. In 2010,
the budget deficit reached 32.4% of GDP - the world's largest deficit, as a
percentage of GDP - because of additional government support for the country’s
deeply troubled banking sector. In late 2010, the former COWEN government
agreed to a $92 billion loan package from the EU and IMF to help Dublin
recapitalize Ireland’s fragile banking sector and avoid defaulting on its
sovereign debt. Since entering office in March 2011, the new KENNY government
has intensified austerity measures to try to meet the deficit targets under
Ireland's EU-IMF program. Ireland has grown slowly since 2011, but managed to reduce
the budget deficit to 7.2% of GDP in 2013. In late 2013, Ireland formally
exited its EU-IMF bailout program, benefiting from its strict adherence to
deficit-reduction targets and success in refinancing a large amount of
banking-related debt.
|
Source
: CIA |
Company Name: INNOVATION
ENTERPRISES LIMITED
Company No: IE173698
Registered Address: BUSINESS
& TECHNOLOGY PARK
CARRIGTWOHILL
Co Cork
141614
Trading Address: BUSINESS
& TECHNOLOGY PARK
CARRIGTWOHILL
Co Cork
Co Cork
180014
Website Address:
-
Telephone Number: 0214533652
Fax Number: -
TPS: No
FPS: No
Incorporation Date: 07/05/1991
Previous Name: -
Type: Private
limited with Share Capital
FTSE Index: -
Date of Change: -
Filing Date of Accounts:
-
Currency: EUR
Share Capital:
€22,212,982
SIC07: 20130
SIC07 Description : MANUFACTURE
OF OTHER INORGANIC BASIC CHEMICALS
Principal
Activity: The
manufacture and distribution of clinical chemistry reagents and analysers.
Trading as 'Audit Diagnostics'.
|
Total Current Directors |
3 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
8 |
Current Directors
|
Name |
Date of Birth |
09/02/1951 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
15/07/2011 |
|
|
|
Address |
1 AKACJOWA STR., 5--092 LOMIANKI, POLAND |
||
|
Other Actions |
|
|
|
|
Name |
Date of Birth |
12/04/1976 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
15/07/2011 |
|
|
|
Address |
1 AKACJOWA STR., 5--092 LOMIANKI, POLAND |
||
|
Other Actions |
|
|
|
|
Name |
Date of Birth |
29/05/1979 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
27/11/2012 |
|
|
|
Address |
JOZEFOSLAW, FENIKSA STR., 11 LOK 11, POLAND |
||
|
Other Actions |
|
|
|
Current Company
Secretary
|
Name |
Date of Birth |
- |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
31/12/2013 |
|
|
|
Address |
85-446 BYDGOSZCZ, DROZDOW 23B M.2., POLAND |
||
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
8 |
3 |
|
|
8 |
3 |
|
|
8 |
3 |
|
|
0 |
1 |
|
|
2 |
1 |
|
|
5 |
2 |
|
|
5 |
2 |
|
|
0 |
1 |
CJ
|
Total Number of Exact CJs - |
Total Value of Exact CJs - |
||
|
Total Number of Possible CJs - |
Total Value of Possible CJs - |
||
|
Total Number of Satisfied CJs - |
Total Value of Satisfied CJs - |
Possible CJ
Details
There are no possible CJ details
Writ Details
Unregistered - Exact CJ Details
|
No CJs found |
Unregistered - Possible CJ Details
|
No CJs found |
Registered - Exact CJ Details
|
No CJs found |
Registered - Possible CJ Details
|
No CJs found |
Mortgage Details
|
Mortgage Type: |
A charge on land, wherever situate, or any interest therein, but not
including a charge for any rent |
||
|
Date Charge Created: |
07/03/06 |
|
|
|
Date Charge Registered: |
14/03/06 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
NOT SATISFIED |
|
|
|
Person(s) Entitled: |
THE GOVERNOR & CO OF THE BANK OF IRELAND |
||
|
Amount Secured: |
|
||
|
Details: |
|
||
|
Mortgage Type: |
A DEBENTURE. |
||
|
Date Charge Created: |
10/01/96 |
|
|
|
Date Charge Registered: |
19/01/96 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
NOT SATISFIED |
|
|
|
Person(s) Entitled: |
THE GOVERNOR & CO OF THE BANK OF IRELAND |
||
|
Amount Secured: |
0 |
||
|
Details: |
ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE
PERSON(S) ENTITLED |
||
|
Mortgage Type: |
A CHARGE. |
||
|
Date Charge Created: |
10/01/96 |
|
|
|
Date Charge Registered: |
19/01/96 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
NOT SATISFIED |
|
|
|
Person(s) Entitled: |
THE GOVERNOR & CO OF THE BANK OF IRELAND |
||
|
Amount Secured: |
0 |
||
|
Details: |
ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE
PERSON(S) ENTITLED |
||
Top 20
Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
|
PZ CORMAY SA |
EUR |
20,000,000 |
ORDINARY F |
|
|
CAPITA CORPORATE TRUSTEES LTD |
EUR |
5,000,000 |
ORDINARY E |
|
|
ORPHEE SA |
EUR |
2,500,000 |
ORDINARY E |
0.1 |
|
PZ CORMAY S.A. |
EUR |
2,500,000 |
ORDINARY E |
0.1 |
|
PZ CORMAY SA |
EUR |
413,124 |
ORDINARY B |
|
|
PZ CORMAY SA |
EUR |
250,000 |
ORDINARY A |
|
|
PZ CORMAY SA |
EUR |
222,857 |
ORDINARY C |
|
|
PZ CORMAY SA |
EUR |
200,000 |
CUMULATIVE REDEEMABLE PREFERENCE |
|
|
PZ CORMAY SA |
EUR |
36,000 |
ORDINARY |
|
|
MICHAEL O'DONOVAN |
EUR |
4,000 |
ORDINARY |
|
|
PZ CORMAY SA |
EUR |
1 |
ORDINARY D |
|
Unable to report percentage holdings as filed Shareholder listing is not
full.
Creditor Details
|
|
Total Number |
Total Value |
|
Trade Creditors |
0 |
- |
|
No Creditor Data |
Trade Debtors /
Bad Debt Detail
|
|
Total Number of Documented Trade |
Total Value of Documented Trade |
|
Trade Debtors |
- |
- |
|
No Debtor Data |
Statistics
|
Group |
2 companies |
|
Linkages |
|
|
Countries |
Summary
|
Holding Company |
- |
|
Ownership Status |
Intermediately Owned |
|
Ultimate Holding Company |
PZ CORMAY SA |
Group structure
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
PZ CORMAY SA |
N/A |
- |
- |
|
|
INNOVATION ENTERPRISES... |
IE173698 |
31.12.2012 |
N |
|
|
Average Invoice Value |
n/a |
|
Invoices available |
n/a |
|
Paid |
n/a |
|
Outstanding |
n/a |
|
Trade Payment Data is information that we collect from selected third party
partners who send us information about their whole sales ledger. |
|
|
Within Terms |
0-30 Days |
31-60 Days |
61-90 Days |
91+ Days |
|
Paid |
|
|
|
|
|
|
Outstanding |
|
|
|
|
|
Profit & Loss
|
Date Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
08/07/11 |
(%) |
28/02/10 |
(%) |
31/01/09 |
|
Weeks |
52 |
(%) |
25 |
(%) |
71 |
(%) |
56 |
(%) |
52 |
|
Currency |
EUR |
(%) |
EUR |
(%) |
EUR |
(%) |
EUR |
(%) |
EUR |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost of Sales |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Gross Profit |
- |
- |
- |
- |
- |
- |
€871 |
-100% |
€1,840,242 |
|
Wages & Salaries |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Directors Emoluments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Profit |
- |
- |
- |
- |
- |
- |
-€2,396,563 |
-999.9% |
-€175,392 |
|
Depreciation |
€154,686 |
91% |
€80,977 |
-65.2% |
€232,787 |
15.6% |
€201,361 |
17% |
€172,153 |
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Interest Payments |
- |
- |
- |
- |
- |
- |
€142,849 |
-29.7% |
€203,281 |
|
Pre Tax Profit |
- |
- |
- |
- |
- |
- |
-€2,539,412 |
-570.6% |
-€378,673 |
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
-100% |
€78,459 |
|
Profit After Tax |
- |
- |
- |
- |
- |
- |
-€2,539,412 |
-745.9% |
-€300,214 |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
- |
- |
- |
- |
- |
- |
-€2,539,412 |
-745.9% |
-€300,214 |
Balance Sheet
|
Date Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
08/07/11 |
(%) |
28/02/10 |
(%) |
31/01/09 |
|
Tangible Assets |
€1,659,513 |
-6.7% |
€1,777,957 |
-4.4% |
€1,858,934 |
-11.1% |
€2,091,121 |
-8.6% |
€2,287,541 |
|
Intangible Assets |
€588,959 |
91.1% |
€308,127 |
-4.3% |
€321,917 |
-11.2% |
€362,651 |
30.4% |
€278,012 |
|
Total Fixed Assets |
€2,248,472 |
7.8% |
€2,086,084 |
-4.3% |
€2,180,851 |
-11.1% |
€2,453,772 |
-4.4% |
€2,565,553 |
|
Stock |
€1,970,029 |
38.3% |
€1,424,591 |
23.5% |
€1,153,270 |
-46.2% |
€2,143,500 |
-15.7% |
€2,543,518 |
|
Trade Debtors |
€1,637,954 |
112.2% |
€772,066 |
389.2% |
€157,828 |
-67% |
€478,986 |
-69% |
€1,542,917 |
|
Cash |
€24,103 |
-64.1% |
€67,208 |
999.9% |
€460 |
-96.8% |
€14,201 |
-50.1% |
€28,447 |
|
Other Debtors |
0 |
- |
0 |
- |
0 |
-100% |
€3,160 |
-99.4% |
€566,869 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
€3,632,086 |
60.4% |
€2,263,865 |
72.6% |
€1,311,558 |
-50.3% |
€2,639,847 |
-43.6% |
€4,681,751 |
|
Trade Creditors |
€2,456,197 |
131.5% |
€1,061,089 |
-55.5% |
€2,382,951 |
72.7% |
€1,379,711 |
55.2% |
€888,937 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
-100% |
€453,466 |
8.1% |
€419,388 |
|
Other Short Term Finance |
0 |
- |
0 |
- |
0 |
-100% |
€604,502 |
-2.9% |
€622,648 |
|
Miscellaneous Current Liabilities |
0 |
- |
0 |
- |
0 |
-100% |
€25,398 |
-68.8% |
€81,327 |
|
Total Current Liabilities |
€2,456,197 |
131.5% |
€1,061,089 |
-55.5% |
€2,382,951 |
-3.3% |
€2,463,077 |
22.4% |
€2,012,300 |
|
Bank Loans & Overdrafts and LTL |
€2,000,335 |
5.5% |
€1,895,770 |
-5.4% |
€2,004,963 |
-27.4% |
€2,761,689 |
-7.7% |
€2,992,661 |
|
Other Long Term Finance |
0 |
-100% |
€9,281 |
-61.7% |
€24,216 |
-66.1% |
€71,393 |
-40.3% |
€119,517 |
|
Total Long Term Liabilities |
€2,000,335 |
5.5% |
€1,895,770 |
-5.4% |
€2,004,963 |
-13.1% |
€2,308,223 |
-10.3% |
€2,573,273 |
Capital &
Reserves
|
Date Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
08/07/11 |
(%) |
28/02/10 |
(%) |
31/01/09 |
|
Called Up Share Capital |
€4,212,982 |
- |
€4,212,982 |
90.4% |
€2,212,982 |
- |
€2,212,982 |
9.9% |
€2,012,982 |
|
P & L Account Reserve |
-€2,780,181 |
1.1% |
-€2,811,117 |
9.3% |
-€3,099,712 |
-64.7% |
-€1,881,888 |
-386.2% |
€657,524 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
-€8,775 |
- |
-€8,775 |
- |
-€8,775 |
- |
-€8,775 |
- |
-€8,775 |
|
Shareholder Funds |
€1,424,026 |
2.2% |
€1,393,090 |
255.6% |
-€895,505 |
-377.8% |
€322,319 |
-87.9% |
€2,661,731 |
Other Financial
Items
|
Date Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
08/07/11 |
(%) |
28/02/10 |
(%) |
31/01/09 |
|
Net Worth |
€835,067 |
-23% |
€1,084,963 |
189.1% |
-€1,217,422 |
-999.9% |
-€40,332 |
-101.7% |
€2,383,719 |
|
Working Capital |
€1,175,889 |
-2.2% |
€1,202,776 |
212.3% |
-€1,071,393 |
-706.1% |
€176,770 |
-93.4% |
€2,669,451 |
|
Total Assets |
€5,880,558 |
35.2% |
€4,349,949 |
24.6% |
€3,492,409 |
-31.4% |
€5,093,619 |
-29.7% |
€7,247,304 |
|
Total Liabilities |
€4,456,532 |
50.7% |
€2,956,859 |
-32.6% |
€4,387,914 |
-8% |
€4,771,300 |
4.1% |
€4,585,573 |
|
Net Assets |
€1,424,026 |
2.2% |
€1,393,090 |
255.6% |
-€895,505 |
-377.8% |
€322,319 |
-87.9% |
€2,661,731 |
Miscellaneous
|
Date Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
08/07/11 |
(%) |
28/02/10 |
(%) |
31/01/09 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
€3,424,361 |
4.1% |
€3,288,860 |
196.4% |
€1,109,458 |
-57.8% |
€2,630,542 |
-49.8% |
€5,235,004 |
|
Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Auditors |
T.D. O'NEILL & CO LTD |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
Bankers |
BANK OF IRELAND |
||||||||
|
Bank Branch Code |
90-28-13 |
||||||||
Ratios
|
Date Of Accounts |
31/12/12 |
31/12/11 |
08/07/11 |
28/02/10 |
31/01/09 |
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
Current ratio |
1.48 |
2.13 |
0.55 |
1.07 |
2.33 |
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
Gearing % |
140.50 |
136.10 |
-223.90 |
856.80 |
112.40 |
|
Equity in % |
26.90 |
34.50 |
-28.20 |
6.80 |
38.20 |
|
Creditor Days |
- |
- |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
- |
- |
|
Liquidity/Acid Test |
0.67 |
0.79 |
0.06 |
0.20 |
1.06 |
|
Return On Capital Employed % |
- |
- |
- |
-96.53 |
-7.23 |
|
Return On Total Assets Employed % |
- |
- |
- |
-49.85 |
-5.22 |
|
Current Debt Ratio |
1.72 |
0.76 |
-2.66 |
7.64 |
0.75 |
|
Total Debt Ratio |
3.12 |
2.12 |
-4.89 |
14.80 |
1.72 |
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
Return on Net Assets Employed % |
- |
- |
- |
-787.85 |
-14.22 |
N/a
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
16/01/2014 |
New Accounts Filed |
|
16/01/2014 |
Annual Returns |
|
31/12/2013 |
EDMOND O'DONOVAN has resigned as company secretary |
|
31/12/2013 |
EDMOND O'DONOVAN has left the board |
|
31/12/2013 |
New Company Secretary (WACHULEC BARTOSZ) appointed |
|
17/04/2013 |
New Accounts Filed |
|
16/04/2013 |
Annual Returns |
|
29/03/2013 |
KAMIL TURONEK has left the board |
|
01/01/2013 |
New Board Member (KAMIL TURONEK) appointed |
|
27/11/2012 |
MICHAEL O'DONOVAN has left the board |
|
27/11/2012 |
MICHAEL O'DONOVAN has resigned as company secretary |
|
27/11/2012 |
New Board Member (SHIRAZ KAMIL TURONEK) appointed |
|
27/11/2012 |
New Company Secretary (EDMOND O'DONOVAN) appointed |
|
17/03/2012 |
New Accounts Filed |
|
17/03/2012 |
New Accounts Filed |
Business Owner
Links
|
Business Name |
Business No |
Business Status. |
|
|
||
|
NORMAL |
Previous Company
Names
|
No Previous Names found |
Commentary
No exact match CCJs are recorded against the company.
Net Worth decreased by 23% during the latest trading period.
A 35.2% growth in Total Assets occurred during the latest trading
period.
The company saw a decrease in their Cash Balance of 64.1% during the
latest trading period.
The audit report contains no adverse comments.
The company has undergone recent changes in its directorships.
The company is part of a group.
The company has changed its year end on multiple occasions.
The movement in accumulated earnings would indicate that the company
made a profit after tax and other appropriations, including dividends.
The company was established over 22 years ago.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.30 |
|
|
1 |
Rs.99.34 |
|
Euro |
1 |
Rs.80.70 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NNA |
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 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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.