|
Report No. : |
319097 |
|
Report Date : |
23.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
HOSOKAWA ALPINE AKTIENGESELLSCHAFT |
|
|
|
|
Registered Office : |
Peter-Dörfler-Str. 13-25 D 86199 Augsburg Post Box: 101151, D 86001 Augsburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
30.09.2013 |
|
|
|
|
Date of Incorporation : |
21.09.1980 |
|
|
|
|
Com. Reg. No.: |
HRB 21022 |
|
|
|
|
Legal Form : |
Public limited company |
|
|
|
|
Line of Business : |
Manufacture of other special-purpose
machinery n.e.c. |
|
|
|
|
No. of Employee : |
607 |
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 : |
No complaints |
|
|
|
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
GERMANY ECONOMIC OVERVIEW
The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and declining net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms. Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong growth and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II - and its decrease to 5.3% in 2014. The new German government introduced a minimum wage of about $11.60 (8.50 euros) per hour to take effect in 2015. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's total budget deficit - including federal, state, and municipal - to 4.1% in 2010, but slower spending and higher tax revenues reduced the deficit to 0.8% in 2011 and in 2012 Germany reached a budget surplus of 0.1%. The budget was essentially in balance in 2014. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016 though the target was already reached in 2012. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela MERKEL announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany plans to replace nuclear power with renewable energy, which accounts for 34% of total energy consumption, up from 9% in 2000. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its electricity generating capacity and 46% of its base-load electricity production.
|
Source
: CIA |
HOSOKAWA
ALPINE AKTIENGESELLSCHAFT
Company Status: active
Peter-Dörfler-Str. 13-25
D 86199 Augsburg
Post Box:
101151, D 86001 Augsburg
Telephone:0821/5906-0
Telefax: 0821/5906-101
Homepage:
www.alpinehosokawa.com
E-mail: mail@alpine.hosokawa.com
VAT no.: DE152106081
Business relations are permissible.
LEGAL FORM Public limited company
Date of foundation: 21.09.1980
Registered on: 31.01.2005
Commercial Register: Local court
86150 Augsburg
under: HRB 21022
EUR 12,900,000.00
President of the Board of Directors:
Peter Krieg
D 86420 Diedorf
born: 25.05.1949
Marital status: married
Member of the Board of Directors:
Bertram Brenner
D 86199 Augsburg
born: 08.04.1961
Profession: Fully
qualified engineer
Member of the Board of Directors:
Antonio Fernández
Grenzstr. 36
D 86391 Stadtbergen
born: 11.09.1967
Member of the Board of Directors:
Dr. Holger Niemeier
D 86199 Augsburg
born: 25.11.1972
President of the Supervisory Board:
Achim Vogel
D 86199 Augsburg
born: 17.03.1941
Profession: graduate
engineer
Vice-president of the Supervisory Board:
Hitoshi Kihara
J Hirakata
Nationality: Japanese
Representative of the Employees within the
Supervisory Board:
Stefan Schormüller
D 86179 Augsburg
born: 10.07.1965
Profession: Clerk
Proxy:
Michael Fischer
D 89343
Jettingen-Scheppach
authorized to jointly
represent the company
born: 27.08.1955
Proxy:
Klaus Wiedemann
D 86343 Königsbrunn
authorized to jointly
represent the company
born: 05.01.1953
Proxy:
Siegfried Wolf
D 86830 Schwabmünchen
authorized to jointly represent the
company
born: 28.05.1959
Proxy:
Jörg Krahnen
D 51399 Burscheid
authorized to jointly
represent the company
born: 16.05.1970
Proxy:
Sylvia Bräunlein
D 86199 Augsburg
authorized to jointly
represent the company
born: 18.11.1964
Proxy:
Dietmar Alber
D 86415 Mering
authorized to jointly
represent the company
born: 02.09.1960
Proxy:
Dr. Bodo Furchner
D 86438 Kissing
authorized to jointly represent the
company
born: 28.10.1954
Proxy:
Robert Rosen
D 74336 Brackenheim
authorized to jointly
represent the company
born: 07.12.1960
Proxy:
Matthias Matzka
D 86678 Ehingen
authorized to jointly
represent the company
born: 26.09.1977
Proxy:
Hermann Schmidt
D 87634 Obergünzburg
authorized to jointly
represent the company
born: 21.12.1962
Further functions/participations of Peter
Krieg (President of the
Board of Directors)
Shareholder:
Hosokawa Alpine
Mitarbeiter Photovoltaik
GmbH
Peter-Dörfler-Str. 13-25
D 86199 Augsburg
Legal form: Private
limited company
Share capital: EUR 35,000.00
Share: EUR 10,000.00
Registered
on: 17.08.2007
Reg. data: 86150 Augsburg, HRB 22834
Manager:
Anton Kolb Maschinenbau
GmbH
Spicher Str. 40-42
D 53859 Niederkassel
Legal form: Private
limited company
Share capital: EUR 500,000.00
Registered
on: 17.01.2002
Reg. data: 53721 Siegburg, HRB 6396
Manager:
HOSOKAWA MICRON POWDERS
GmbH
Welserstr. 9
D 51149 Köln
Legal form: Private
limited company
Share capital: EUR 2,505,330.22
Registered
on: 06.02.1958
Reg. data: 50939 Köln, HRB 526
Manager:
Hosokawa Bepex GmbH
Daimlerstr. 8
D 74211 Leingarten
Post Box:
11 52, D 74207 Leingarten
Legal form: Private
limited company
Share capital: EUR 2,432,000.00
Registered
on: 27.04.1950
Reg. data: 70190 Stuttgart, HRB 100264
Manager:
HOSOKAWA KOLB GmbH
Spicher Str. 40-42
D 53859 Niederkassel
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 09.12.2014
Reg. data: 53721 Siegburg, HRB 13219
Further functions/participations of Bertram
Brenner (Member of
the Board of Directors)
Shareholder:
Hosokawa Alpine
Mitarbeiter Photovoltaik
GmbH
Peter-Dörfler-Str. 13-25
D 86199 Augsburg
Legal form: Private
limited company
Share capital: EUR
35,000.00
Share: EUR 10,000.00
Registered
on: 17.08.2007
Reg. data: 86150 Augsburg, HRB 22834
Further functions/participations of Dr. Holger
Niemeier (Member
of the Board of Directors)
Manager:
Anton Kolb Maschinenbau
GmbH
Spicher Str. 40-42
D 53859 Niederkassel
Legal form: Private
limited company
Share capital: EUR 500,000.00
Registered
on: 17.01.2002
Reg. data: 53721 Siegburg, HRB 6396
Manager:
HOSOKAWA KOLB GmbH
Spicher Str. 40-42
D 53859 Niederkassel
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 09.12.2014
Reg. data: 53721 Siegburg, HRB 13219
21.09.1987 - 20.11.1987 HMI Beteiligungsgesellschaft für Mahl-
und
Entstaubungstechnik mbH
Welserstr. 9-11
D 51149 Köln
Private limited
company
20.11.1987 - 28.01.1988 HMI Unternehmens-Holding GmbH
Welserstr. 9-11
D 51149 Köln
Private limited
company
22.07.2004 - 31.01.2005 HMI Unternehmens-Holding GmbH
Peter-Dörfler-Str.
13-25
D 86199 Augsburg
Private limited
company
24.08.2010 - 17.10.2014 Member of the Board of Directors
Georg Ringmayr
D 86934 Reichling
Main industrial sector
2899 Manufacture
of other special-purpose machinery n.e.c.
7010
Activities of head offices
Branch:
HOSOKAWA ALPINE
Aktiengesellschaft
Daimlerstr. 8
D 74211 Leingarten
Reg. entry: 19.07.2013
Shareholder:
HOSOKAWA MICRON POWDERS
GmbH
Welserstr. 9
D 51149 Köln
Legal form: Private
limited company
Company Status: active
Share capital: EUR 2,505,330.22
Share: EUR 2,505,330.22
Reg. data: 06.02.1958
Local court 50939 Köln
HRB 526
Shareholder:
Hosokawa Bepex GmbH
Daimlerstr. 8
D 74211 Leingarten
Post Box:
11 52
Legal form: Private
limited company
Company Status: active
Share capital: EUR 2,432,000.00
Share: EUR 2,432,000.00
Reg. data: 27.04.1950
Local court
70190 Stuttgart
HRB 100264
Shareholder:
HOSOKAWA KOLB GmbH
Spicher Str. 40-42
D 53859 Niederkassel
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 09.12.2014
Local court
53721 Siegburg
HRB 13219
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2012/2013
Type of ownership: proprietor
Share: 100.00 %
Address Peter-Dörfler-Str. 13-25
D 86199 Augsburg
Type
of real estate: factory building
Residential floor 55,487.00 sq.m
space/ Usable floor
space:
Land register documents were not available.
STADTSPARKASSE AUGSBURG, 86135 AUGSBURG, BAY
Sort. code: 72050000, Account no.: 186932
BIC: AUGSDE77XXX, IBAN: DE42720500000000186932
COMMERZBANK, 86150 AUGSBURG, BAY
Sort. code: 72040046, Account no.: 122650500
BIC: COBADEFFXXX, IBAN: DE49720400460122650500
DEUTSCHE BANK, 86004 AUGSBURG, BAY
Sort. code: 72070001, Account no.: 0340000
BIC: DEUTDEMM720, IBAN: DE37720700010034000000
UNICREDIT BANK - HYPOVEREINSBANK, 86002
AUGSBURG, BAY
Sort. code: 72020070, Account no.: 7900635
BIC: HYVEDEMM408, IBAN: DE72720200700007900635
POSTBANK (GIRO), 80318 MÜNCHEN
Sort.
code: 70010080, Account no.: 432803
BIC: PBNKDEFFXXX, IBAN: DE49700100800000432803
SUMITOMO MITSUI BANKING CORPORATION, 40510
DÜSSELDORF
Sort. code: 30110300, Account no.: 300389
BIC: SMBCDEDDXXX, IBAN: DE17301103000000300389
LANDESBANK BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE
BANK, 70144
STUTTGART
Sort. code: 60050101, Account no.: 1156070
BIC: SOLADEST600, IBAN: DE88600501010001156070
Turnover: 2012/2013 EUR 154,891,255.00
Profit: 2012/2013 EUR 11,409,364.00
Equipment: EUR 5,777,399.00
Ac/ts receivable: EUR 32,017,436.00
Liabilities: EUR 54,343,556.00
Employees:
607
-
Trainees:
46
Balance sheet ratios 01.10.2012 - 30.09.2013
Equity ratio [%]: 43.53
Liquidity ratio: 0.79
Return on total capital [%]: 7.80
Balance sheet ratios 01.10.2011 - 30.09.2012
Equity ratio [%]: 39.97
Liquidity ratio: 0.63
Return on total capital [%]: 6.35
Balance sheet ratios 01.10.2010 - 30.09.2011
Equity ratio [%]: 35.70
Liquidity ratio: 0.67
Return on total capital [%]: 4.90
Balance sheet ratios 01.10.2009 - 30.09.2010
Equity ratio [%]: 36.59
Liquidity ratio: 0.60
Return on total capital [%]: 2.29
Equity ratio
The equity ratio indicates the portion of the
equity as compared
to the total capital. The higher the equity
ratio, the better the
economic stability (solvency) and thus the
financial autonomy of
a company.
Liquidity
ratio
The liquidity ratio shows the proportion
between adjusted
receivables and net liabilities. The higher
the ratio, the lower
the company's financial dependancy from
external creditors.
Return on
total capital
The return on total capital shows the
efficiency and return on
the total capital employed in the company. The
higher the return
on total capital, the more economically does
the company work
with the invested capital.
Type of
balance
sheet: Company balance sheet
Financial
year: 01.10.2012 - 30.09.2013
ASSETS EUR 146,446,718.07
Fixed assets
EUR 60,803,439.17
Intangible assets
EUR 2,308,544.00
Concessions, licences, rights
EUR 2,071,445.00
Goodwill
EUR 237,099.00
Tangible assets
EUR 44,669,168.51
Land / similar rights EUR 30,023,109.45
Plant / machinery
EUR 4,249,967.00
Other tangible assets / fixtures and
fittings
EUR 5,784,097.80
Advance payments made / construction
in progress
EUR 4,611,994.26
Financial assets
EUR 13,825,726.66
Shares in participations /
subsidiaries and the like
EUR 13,825,726.66
Shares in related companies
EUR 13,825,725.66
Shares in investee companies
EUR 1.00
Current assets
EUR 84,586,022.03
Stocks
EUR 38,765,984.54
Raw
materials, consumables and
supplies
EUR 7,701,355.48
Finished goods / work in progress
EUR 30,464,841.00
Advance payments made
EUR 599,788.06
Accounts receivable EUR 32,017,436.22
Trade debtors
EUR 14,038,080.96
Amounts due from related companies
EUR 14,094,138.46
Other debtors and assets
EUR 3,885,216.80
Liquid means
EUR 13,802,601.27
Remaining other assets
EUR 1,057,256.87
Accruals (assets)
EUR 1,057,256.87
LIABILITIES EUR 146,446,718.07
Shareholders' equity
EUR 63,885,968.57
Capital
EUR 12,900,000.00
Subscribed capital (share capital)
EUR 12,900,000.00
Reserves
EUR 4,194,602.81
Capital reserves
EUR 4,194,602.81
Balance sheet profit/loss (+/-)
EUR 46,791,365.76
Balance sheet profit / loss
EUR 46,791,365.76
Provisions
EUR 26,457,099.37
Pension provisions and comparable
provisions
EUR 7,318,046.38
Provisions for taxes
EUR 1,563,404.74
Other / unspecified provisions
EUR 17,575,648.25
Liabilities
EUR 54,343,556.01
Financial debts
EUR 2,437,500.00
Liabilities due to banks
EUR 2,437,500.00
Other liabilities
EUR 51,906,056.01
Trade creditors (for IAS incl. bills
of exchange)
EUR 9,637,933.93
Liabilities from received advance
payments
EUR 19,556,293.30
Liabililties due to related companiesEUR 21,340,033.03
Unspecified other liabilities
EUR 1,371,795.75
Other liabilities
EUR 1,760,094.12
Deferrals (liabilities)
EUR 1,760,094.12
PROFIT AND
LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales
EUR 154,891,255.40
Inventory change + own costs (+/-)
EUR -1,248,567.31
Inventory change (+/-)
EUR -1,567,687.10
Capitalised own costs
EUR 319,119.79
Other operating income
EUR 4,157,746.19
Cost of materials
EUR 67,888,442.62
Raw materials and supplies, purchased
goods EUR 60,693,768.13
Purchased services
EUR 7,194,674.49
Gross result (+/-)
EUR 89,911,991.66
Staff expenses
EUR 43,735,128.70
Wages and salaries
EUR 36,726,907.35
Social security contributions and
expenses for pension plans and
benefits
EUR 7,008,221.35
Total depreciation
EUR 3,185,066.53
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 3,185,066.53
Other operating expenses
EUR 28,358,749.05
Operating result from continuing
operations
EUR 14,633,047.38
Result from participating interests
(+/-)
EUR 2,613,569.75
Expenses / income from participations EUR 2,613,569.75
Income from transfer of profits
EUR 2,305,877.44
Income from related companies
EUR 307,692.31
Interest result (+/-)
EUR -213,879.84
Interest and similar income
EUR 601,544.74
thereof from related companies
EUR 91,511.58
Interest and similar expenses
EUR 815,424.58
thereof paid to related companies
EUR 266,371.88
Financial result (+/-)
EUR 2,399,689.91
Result from ordinary operations (+/-)
EUR 17,032,737.29
Extraordinary result (+/-)
EUR -377,906.00
Income tax / refund of income tax (+/-)EUR -5,155,103.90
Other taxes / refund of taxes
EUR -90,363.87
Tax (+/-)
EUR -5,245,467.77
Annual surplus / annual deficit
EUR 11,409,363.52
Type of
balance
sheet: Company balance sheet
Financial
year: 01.10.2011 - 30.09.2012
ASSETS EUR 130,986,782.44
Fixed assets
EUR 54,795,834.54
Intangible assets
EUR 1,103,538.00
Concessions,
licences, rights EUR 910,193.00
Goodwill
EUR 193,345.00
Tangible assets
EUR 39,866,569.88
Land / similar rights
EUR 31,258,774.45
Plant / machinery
EUR 2,761,910.00
Other tangible assets / fixtures and
fittings
EUR 5,038,761.52
Advance payments made / construction
in progress EUR 807,123.91
Financial assets
EUR 13,825,726.66
Shares in participations /
subsidiaries and the like
EUR 13,825,726.66
Shares in related companies
EUR 13,825,725.66
Shares in investee companies
EUR 1.00
Current assets
EUR 75,515,594.26
Stocks
EUR 35,169,476.22
Raw materials, consumables and
supplies
EUR 6,688,858.79
Finished goods / work in progress
EUR 27,966,502.35
Advance payments made
EUR 514,115.08
Accounts receivable
EUR 28,350,159.07
Trade debtors
EUR 16,022,372.88
Amounts due from related companies
EUR 8,135,180.11
Other debtors and assets
EUR 4,192,606.08
Liquid means
EUR 11,995,958.97
Remaining other assets
EUR 675,353.64
Accruals (assets)
EUR 675,353.64
LIABILITIES EUR 130,986,782.44
Shareholders' equity
EUR 52,476,605.05
Capital
EUR 12,900,000.00
Subscribed capital (share capital)
EUR 12,900,000.00
Reserves
EUR 4,194,602.81
Capital reserves EUR 4,194,602.81
Balance sheet profit/loss (+/-)
EUR 35,382,002.24
Balance sheet profit / loss
EUR 35,382,002.24
Provisions
EUR 19,934,863.50
Pension provisions and comparable
provisions
EUR 3,335,767.00
Provisions for taxes
EUR 648,000.00
Other / unspecified provisions
EUR 15,951,096.50
Liabilities EUR 57,174,074.54
Financial debts
EUR 2,938,756.05
Liabilities due to banks
EUR 2,938,756.05
Other liabilities
EUR 54,235,318.49
Trade creditors (for IAS incl. bills
of exchange)
EUR 8,353,510.48
Liabilities from received advance
payments
EUR 21,127,980.26
Liabililties due to related companiesEUR 23,821,952.19
Unspecified other liabilities
EUR 931,875.56
Other liabilities
EUR 1,401,239.35
Deferrals (liabilities)
EUR 1,401,239.35
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales
EUR 136,862,868.23
Inventory change + own costs (+/-)
EUR 8,584,722.91
Inventory change (+/-)
EUR 8,251,060.21
Capitalised own costs
EUR 333,662.70
Other operating income
EUR 4,003,250.00
Cost of materials
EUR 68,127,734.97
Raw materials and supplies, purchased
goods EUR 59,368,817.85
Purchased services
EUR 8,758,917.12
Gross result (+/-)
EUR 81,323,106.17
Staff expenses
EUR 41,363,267.22
Wages and salaries
EUR 34,484,914.10
Social security contributions and
expenses for pension plans and
benefits
EUR 6,878,353.12
Total depreciation
EUR 3,153,235.54
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 3,153,235.54
Other operating expenses
EUR 26,108,617.19
Operating result from continuing
operations
EUR 10,697,986.22
Result from participating interests
(+/-)
EUR 2,222,310.85
Expenses / income from participations EUR 2,222,310.85
Income from transfer of profits
EUR 2,064,118.85
Income from related companies
EUR 158,192.00
Interest result (+/-)
EUR -738,568.44
Interest and similar income
EUR 224,136.25
thereof from related companies
EUR 47,221.01
Interest and similar expenses
EUR 962,704.69
thereof paid to related companies
EUR 599,769.78
Financial result (+/-)
EUR 1,483,742.41
Result from ordinary operations (+/-)
EUR 12,181,728.63
Extraordinary result (+/-)
EUR -47,238.00
Income tax / refund of income tax (+/-)EUR -3,729,365.66
Other taxes / refund of taxes
EUR -95,070.89
Tax (+/-)
EUR -3,824,436.55
Annual surplus / annual deficit
EUR 8,310,054.08
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.82 |
|
|
1 |
Rs.93.85 |
|
Euro |
1 |
Rs.67.59 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
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.