MIRA INFORM REPORT

 

 

Report No. :

314243

Report Date :

24.03.2015

 

IDENTIFICATION DETAILS

 

Name :

ERVIN AMASTEEL

 

 

Registered Office :

George Henry Road, Great Bridge, Tipton, West Midlands DY4 7BZ, Royaume

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

September 2005

 

 

Com. Reg. No.:

RCS Bobigny B 484 413 471

 

 

Legal Form :

Foreign Business Registered with RCS

(business and Companies Register)

 

 

Line of Business :

·         Engaged in Casting of Steel

·         Engaged in production of a Uniform Martensitic Steel Microstructure

·         Engaged as Manufacturer of ferrous Metallic abrasives

 

 

No of Employees :

Not Available

 

[NOTE: We tried to confirm the number of employees but no one is ready to part any information from the company management.]

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

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

Payment Behaviour :

Slow

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)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 


 

United Kingdom ECONOMIC OVERVIEW

 

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Falling home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these included nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 largely due to the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 21% by 2014. The Bank of England (BoE) implemented an asset purchase program of £375 billion (approximately $605 billion) as of December 2013. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU). In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the second half of the year because of greater consumer spending and a recovering housing market. The budget deficit is falling but remains high at nearly 7% and public debt has continued to increase

 

 

Source : CIA

 

 

Company information

 

Type of Establishment

Head Office

SIRET

484 413 471 00018

Name

Ervin Amasteel

Nationality

United Kingdom

Registered Address

George Henry Road, Great Bridge, Tipton, West Midlands DY4 7BZ, Royaume

Currency

Livre sterling

Telephone

+44.1215.222777

Last account Date

31/12/2013

Fax

+44.1215.222927

Legal form

Foreign Business Registered with RCS (business and companies Register)

Share Capital

1,000 Livre sterling

RCS Registration

RCS Bobigny B 484 413 471

Incorporation Date

12/2006

 

 

Formation Date

09/2005

 

 

EUR VAT Number

FR05484413471

 

 

Court Registry Number

20 1 0B07624

 

 

Registration Court

Bobigny (93)

 

 

Activity (APE)

·         Engaged in Casting of Steel

·         Engaged in production of a Uniform Martensitic Steel Microstructure

·         Engaged as Manufacturer of ferrous Metallic abrasives

 

 

Key Financials

 

YEAR TO DATE     TURNOVER           GROSS OPERATING     SHAREHOLDER'S EQUITY        NET RESULT         EMPLOYEES

SURPLUS

31/12/2013              4,551,160 €             -4.81% Turnover                    -204,836 €                               -204,836 €               -

31/12/2012              3,067,522 €             -5.70% Turnover                    -180,623 €                               -180,623 €               -

31/12/2011              2,567,247 €             -0.92% Turnover                    517 €                                       517 €                       -

 

 

Establishment Details

 

Type of Establishment               Head Office

 

Formation Date                                     09/2005                         Reason for Formation    Formation

Activity Location                       Other

Trading Address                        GEORGE HENRY ROAD GREAT BR

DY47B WEST MIDLANDS

City                                          DY47B WEST MIDLANDS

Status                                       Economically active

Region                                      Etranger

Size of Urban                            Area Establishment in a rural municipality

Activity (APE)

·         Engaged in Casting of Steel

·         Engaged in production of a Uniform Martensitic Steel Microstructure

·         Engaged as Manufacturer of ferrous Metallic abrasives

 

 

Other Establishment(s)

 

Regionality                    Legal unit with all establishments in same area

Mono-activity status      Legal unit having all establishments with the same main activity

Branches                      1 branch entities in this company

 

Company Name                    Company Type     APE/NAF Code      City                         Post Code

ERVIN AMASTEEL                                 Head Office            2391Z                      DY47B WEST         --

MIDLANDS

ERVIN AMASTEEL                                 Branch                    2391Z                      SAINT ISMIER        38330

 

ERVIN AMASTEEL                                 Branch                    2391Z                      TREMBLAY EN       93920

FRANCE

 

Director(s)

 

Name

M. RIPLEY PHILIPPE

 

Manager position

Representative in France of a foreign company

Date of birth 20/06/1961

Place of birth

GLOUCESTER(ROYAUME-UNI)

 

Type

Individual

 

 

 

Previous Directors

 

Manager position

Title and name

Date of Birth/Place of Birth

Representative in France of a foreign company

M. HENRY ERWAN

-----

Representative in France of a foreign company

M. HENRY ERWAN

26/09/1955 - LONS LE SAUNIER

Representative in France of a foreign company

M. RIPLEY PHILIPPE

20/06/1961 - GLOUCESTER(ROYAUME-UNI)

Representative in France of a foreign company

M. RIPLEY PHILIPPE

20/06/1961 - GLOUCESTER(ROYAUME-UNI)

 

 


Recent publications in Gazettes

 

Publication date                       Gazette Name                           Description

10/10/2014                                Bodacc C                                 Comptes annuels et rapports

93 - SEINE-SAINT-DENIS

GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY

18250 - 484413471 RCS. ERVIN AMASTEEL. Forme : Sociιtι de droit ιtranger. Adresse : ΰ l'Ιtranger . ROYAUME-UNI. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.

 

Publication date                       Gazette Name                           Description

08/10/2013                                Bodacc C                                 Comptes annuels et rapports

93 - SEINE-SAINT-DENIS

GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY

13734 - 484413471 RCS. ERVIN AMASTEEL. Forme : Sociιtι de droit ιtranger. Adresse : ΰ l'Ιtranger . ROYAUME-UNI. Commentaires : Comptes annuels et

rapports de l'exercice clos le : 31/12/2012.

18/02/2013                                Bodacc C                                 Comptes annuels et rapports

 

93 - SEINE-SAINT-DENIS

GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY

9970 - 484413471 RCS. ERVIN AMASTEEL. Forme : Sociιtι de droit ιtranger. Adresse : , a l' Ιtranger ROYAUME-UNI. Commentaires : Comptes annuels et

rapports de l'exercice clos le : 31/12/2011.

21/12/2010                                Bodacc A                                 Immatriculation

 

93 - SEINE-SAINT-DENIS

GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY

1568 - 484 413 471 RCS Bobigny. ERVIN AMASTEEL. Forme : Sociιtι de droit ιtranger. Administration : Reprιsentant en france et ΰ l'ιtranger : RIPLEY Philippe. Capital : 1000 GBP. Adresse : Georges Henry Road Great Bridge West Medlands Dy4 7bz Tipton ROYAUME-UNI.

 

Date de commencement de l’activitι : 01/01/0001. Descriptif : Immatriculation d'une personne morale suite au transfert du siΏge hors ressort. Modification de reprΏsentant. Commentaires : Immatriculation d'une personne morale suite ΰ transfert de son siθge social.

 

21/12/2010                                Bodacc C                                 Comptes annuels et rapports

 

38 - ISERE

GREFFE DU TRIBUNAL DE COMMERCE DE GRENOBLE

3975 - 484413471 RCS. ERVIN AMASTEEL. Forme : Sociιtι de Droit Etranger. Adresse : Georges Henry Road Great Bridge West Medlands DY4 7BZ Tipton

Royaume-Uni. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.

26/05/2010                                Bodacc C                                 Comptes annuels et rapports

 

38 - ISERE

GREFFE DU TRIBUNAL DE COMMERCE DE GRENOBLE

4173 - 484413471 RCS. ERVIN AMASTEEL. Forme : Sociιtι de Droit Etranger. Adresse : Georges Henry Road Great Bridge West Medlands DY4 7BZ TIPTON

Royaume-Uni. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.

02/02/2007                                Bodacc A                                 Crιation d'ιtablissement

0480 - RCS Grenoble B 484 413 471. RC 06-B 2043. ERVIN AMASTEEL. Forme : societι de droit ιtranger. Capital : 1 000 euros . Nom commercial : Ervin Amasteel/amacast/ervin Amasteel France. Administration : responsable en France : HENRY (Erwan, Michel, Johan, Rιgis, Maruis), nom d'usage : HENRY.

 

Etablissement principal - Activitι : commercialisation et distribution de grenailles mιtalliques et autres produits industriels. Adresse : 61, chemin de Ribotiere, 38330 Saint-Ismier. Cette sociιtι se constitue . Date de dιbut d'activitι : 2 janvier 2007.

 

 

Company events history

 

Date                             Description

10/10/2014                    Bodacc C : Deposit accounts notice

06/10/2014                    Consideration of a balance sheet that has led to a reassessment of this company's

creditworthiness

31/12/2013                    New accounts available

06/12/2013                    Consideration of a balance sheet that has led to a reassessment of this company's

creditworthiness

08/10/2013                    Bodacc C : Deposit accounts notice

05/03/2013                    Consideration of a balance sheet that has led to a reassessment of this company's

creditworthiness

18/02/2013                    Bodacc C : Deposit accounts notice

31/12/2012                    New accounts available

31/12/2011                    New accounts available

21/12/2010                    Bodacc C : Deposit accounts notice

21/12/2010                    Bodacc A : Registration

13/12/2010                    Amendment

05/11/2010                    Transfer of Establishment

05/11/2010                    Update of Company Workforce

26/05/2010                    Bodacc C : Deposit accounts notice

31/12/2009                    New accounts available

31/12/2008                    New accounts available

18/12/2006                    Closing or liquidation balance

18/12/2006                    Articles of association

18/12/2006                    Articles of association

18/12/2006                    Amendment

18/12/2006                    Minutes of Board meeting

18/12/2006                    Private document

18/12/2006                    Updated articles of association

18/12/2006                    Company formation

 

 

Establishment events history

 

Date                             Description

05/11/2010                    Formation of Head office (after transfer)


Synthesized Accounts

 

Annual Accounts

 

31/12/2013

 

31/12/2012

 

31/12/2011

 

 

Account period (month)

12

 

12

 

12

 

 

Account Type

Normal

 

Normal

 

Normal

 

 

Date of capture

03/10/2014

 

05/12/2013

 

02/03/2013

 

 

 

 

Active Account

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

MEDIANE SECTEUR 2013

Capital not called

0

0%

0

0%

0

0

0%

Total fixed assets

2,614

0%

0

0%

0

164,864

-98.4 %

- Intangible assets

0

0%

0

0%

0

31,202

0%

- Tangible assets

0

0%

0

0%

0

78,298

0%

- Financial assets

2,614

0%

0

0%

0

1,927

35.7 %

Net current assets

1,433,594

15.4 %

1,242,015

10.1 %

1,128,354

873,050

64.2 %

- Stocks

0

0%

0

0%

371,596

282,406

0%

- Advanced payments

0

0%

0

0%

0

0

0%

- Receivables

1,256,810

28.4 %

978,492

55.9 %

627,513

287,050

337.8 %

- Securities and cash

176,784

-32.9 %

263,523

103.9 %

129,245

87,544

101.9 %

- Prepaid expenses

-

-

-

-

-

1,090

-

Accounts of regularization

0

0%

0

0%

0

0

0%

Total Assets

1,436,207

15.6 %

1,242,014

10.1 %

1,128,355

1,093,835

31.3 %

 

 

Passive Account

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

MEDIANE SECTEUR 2013

Shareholders' equity

-204,836

-13.4 %

-180,623

-35036.8 %

517

568,061

-136.1 %

Share capital

0

0%

0

0%

0

58,113

0%

Other capital resources

0

0%

0

0%

0

0

0%

Risk Provisions

0

0%

0

0%

0

0

0%

Liabilities

1,641,044

15.4 %

1,422,637

26.1 %

1,127,837

551,994

197.3 %

- Financial liabilities

838

-99.1 %

90,819

-79.9 %

452,476

232,071

-99.6 %

- Advanced payments received

0

0%

0

0%

0

0

0%

- Trade account payables

1,526,578

26.0 %

1,211,590

98.6 %

610,151

119,642

1176.0 %

- Tax and social liabilities

113,628

-5.4 %

120,071

94.8 %

61,638

91,961

23.6 %

- Other debts and fixed assets liabilities

0

0%

157

-95.6 %

3,570

11,450

0%

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

MEDIANE SECTEUR 2013

Account regularization

0

0%

0

0%

0

0

0%

Total liabilities

1,436,208

15.6 %

1,242,014

10.1 %

1,128,355

1,093,835

31.3 %

 

Results

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

MEDIANE SECTEUR 2013

Sales of Goods

4,565,892

48.6 %

3,072,472

18.4 %

2,594,703

1,542,467

196.0 %

Net turnover

4,551,160

48.4 %

3,067,522

19.5 %

2,567,247

1,563,137

191.2 %

- of which net export turnover

0

0%

0

0%

54,490

29,733

0%

Operating charges

4,770,587

46.6 %

3,253,096

25.5 %

2,591,614

1,550,718

207.6 %

Operating profit/loss

-204,695

-13.3 %

-180,624

-5947.3 %

3,089

16,692

-1326.3 %

Financial income

0

0%

0

0%

0

61

0%

Financial charges

0

0%

0

0%

90

5,034

0%

Financial profit/loss

0

0%

0

0%

-90

-1,280

0%

Pretax net operating income

-204,695

-13.3 %

-180,624

-6122.8 %

2,999

21,806

-1038.7 %

Extraordinary income

0

0%

0

0%

0

347

0%

Extraordinary charges

141

0%

0

0%

2,481

1,163

-87.9 %

Extraordinary profit/loss

-141

0%

0

0%

-2,481

-93

-51.6 %

Net result

-204,836

-13.4 %

-180,623

-35036.8 %

517

15,554

-1416.9 %

 

Accounts - Active

 

Normal Account

 

31/12/2013                              31/12/2012                              31/12/2011

Months                                   12                                            12                                            12

 

 

Grand Total - Active Accounts (I to VI)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Grand Total (I to VI)

1,436,207

15.6 %

1,242,014

10.1 %

1,128,355

Gross CO

1,436,207

14.7 %

1,252,450

11.0 %

1,128,355

Amortisation 1A

0

0%

10,436

0%

0

 

Non declared distributed capital (I)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Non declared

 

 

 

 

 

distributed capital AA3

0

0%

0

0%

0

(I)

 

 

 

 

 

Gross AA

0

0%

0

0%

0

 

 

Active fixed asset (II)

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total Active fixed asset (II)

Net

2,614

0%

0

0%

0

Gross

BJ

2,614

0%

0

0%

0

Amortisation

BK

0

0%

0

0%

0

 

 

Financial assets

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Associates at equity

Net

0

0%

0

0%

0

Gross

CS

0

0%

0

0%

0

Amortisation

CT

0

0%

0

0%

0

Other participations

Net

0

0%

0

0%

0

Gross

CU

0

0%

0

0%

0

Amortisation

CV

0

0%

0

0%

0

Inter-company receivables

Net

0

0%

0

0%

0

Gross

BB

0

0%

0

0%

0

Amortisation

BC

0

0%

0

0%

0

Other investment securities

Net

0

0%

0

0%

0

Gross

BD

0

0%

0

0%

0

Amortisation

BE

0

0%

0

0%

0

Loans

Net

0

0%

0

0%

0

Gross

BF

0

0%

0

0%

0

Amortisation

BG

0

0%

0

0%

0

Other financial assets

Net

2,614

0%

0

0%

0

Gross

BH

2,614

0%

0

0%

0

Amortisation

B

0

0%

0

0%

0

Sub Total Financial assets

Net

2,614

0%

0

0%

0

 

Current Assets ((III))

   31/12/2013           Variation                                 31/12/2012                              Variation                                 31/12/2011

Total Assets Net                    1,433,594                15.4 %                     1,242,015                                10.1 %                     1,128,354

Gross CJ                                                1,433,594                14.5 %                     1,252,451                                11.0 %                     1,128,354

Amortisation CK                    0                              0%                           10,436                                     0%                           0

 

Stock’s

31/12/2013              Variation                                 31/12/2012                              Variation                                 31/12/2011

Goods for resale Net            0                              0%                           0                                              0%                           371,596

Gross BT                                0                              0%                           0                                              0%                           371,596

Sub Total Stocks Net             0                              0%                           0                                              0%                           371,596

 

 

Advance payments to suppliers

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Advance payments

Net

0

0%

0

0%

0

to suppliers

 

 

 

 

 

 

Gross

BV

0

0%

0

0%

0

Amortisation

BW

0

0%

0

0%

0

 

 

Debtors

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Trade accounts receivable

Net

940,458

-3.3 %

972,272

56.8 %

620,257

Gross

BX

940,458

-4.3 %

982,708

58.4 %

620,257

Amortisation

BY

0

0%

10,436

0%

0

Other debtors

Net

314,659

10731.6 %

2,905

-54.2 %

6,348

Gross

BZ

314,659

10731.6 %

2,905

-54.2 %

6,348

Amortisation

CA

0

0%

0

0%

0

Capital subscribed and called up

Net

0

0%

0

0%

0

Gross

CB

0

0%

0

0%

0

Amortisation

CC

0

0%

0

0%

0

Sub Total debtors

Net

1,255,117

28.7 %

975,177

55.6 %

626,605

 

 

Divers

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Investment securities

Net

0

0%

0

0%

0

Gross

CD

0

0%

0

0%

0

Amortisation

CE

0

0%

0

0%

0

Cash and cash equivalents

Net

176,784

-32.9 %

263,523

103.9 %

129,245

Gross

CF

176,784

-32.9 %

263,523

103.9 %

129,245

Amortisation

CG

0

0%

0

0%

0

Sub Total Divers

Net

176,784

-32.9 %

263,523

103.9 %

129,245

 

Prepaid expenses

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Prepaid expenses

Net

1,693

-48.9 %

3,315

265.1 %

908

Gross

CH

1,693

-48.9 %

3,315

265.1 %

908

Amortisation

CI

0

0%

0

0%

0

 

 

Accounts -- Passive

Grand Total -- Passive Accounts ((II to V))

                                                                31/12/2013              Variation                                 31/12/2012              Variation                                 31/12/2011

Grand Total (I to V) EE                         1,436,208                15.6 %                     1,242,014                10.1 %                     1,128,355

 

Grand Total - Passive Accounts (I to V)

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Grand Total (I to

V)

EE

1,436,208

15.6 %

1,242,014

10.1 %

1,128,355

 

Shareholder Equity (I)

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total

 

 

 

 

 

 

shareholders'

DL

-204,836

-13.4 %

-180,623

-35036.8 %

517

equity (Total I)

 

 

 

 

 

 

Equity and shareholders' equity

DA

0

0%

0

0%

0

Issue and merger premiums

DB

0

0%

0

0%

0

Revaluation differentials

DC

0

0%

0

0%

0

Of which equity differential

EK

0

0%

0

0%

0

Legal reserve

DD

0

0%

0

0%

0

Statutory or contractual reserve

DE

0

0%

0

0%

0

Special regulated reserves

DF

0

0%

0

0%

0

Of which special

 

 

 

 

 

 

reserve of provisions for current

B1

0

0%

0

0%

0

fluctuation

 

 

 

 

 

 

Other reserves

DG

0

0%

0

0%

0

Of which reserve for

 

 

 

 

 

 

buying originals works from alive

EJ

0

0%

0

0%

0

artists

 

 

 

 

 

 

Profits or losses brought forward

DH

0

0%

0

0%

0

Profit or loss for the period

DI

-204,836

-13.4 %

-180,623

-35036.8 %

517

Investment grants

DJ

0

0%

0

0%

0

Special tax-allowable reserves

DK

0

0%

0

0%

0

 

 

Liabilities (IV)

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total Liabilities (Total IV)

EC

1,641,044

15.4 %

1,422,637

26.1 %

1,127,837

Convertible debentures

DS

0

0%

0

0%

0

Other debentures

DT

0

0%

0

0%

0

Bank loans and liabilities

DU

0

0%

0

0%

0

Sundry loans and financial liabilities

DV

838

-99.1 %

90,819

-79.9 %

452,476

Of which participating loans

EI

0

0%

0

0%

0

Advance payments

 

 

 

 

 

 

received for current

DW

0

0%

0

0%

0

orders

 

 

 

 

 

 

Trade accounts payables

DX

1,526,578

26.0 %

1,211,590

98.6 %

610,151

Tax and social security liabilities

DY

113,628

-5.4 %

120,071

94.8 %

61,638

Fixed asset liabilities

DZ

0

0%

0

0%

0

Other debts

EA

0

0%

157

-95.6 %

3,570

 

 

References

31/12/2013              Variation                                 31/12/2012              Variation                                 31/12/2011

Deferred income

and liabilities EG   0                              0%                           0                              0%                           1,127,837

 

Result account

 

1 -- Operating result ((I--II))

31/12/2013              Variation                                 31/12/2012              Variation                                 31/12/2011

Operating result

(Total I-II)               GG          -204,695                  -13.3 %                   -180,624                  -5947.3 %               3,089

 

2 -- Financial result ((V--VI)

31/12/2013              Variation                                 31/12/2012              Variation                                 31/12/2011

Financial result

(Total V-VI) GV      0                              0%                           0                              0%                           -90

 

3 -- Pre--tax net operating income result ((I to V))

31/12/2013              Variation                                 31/12/2012              Variation                                 31/12/2011

Pre-tax net

operating income

(Total I-II+II-IV+VVI) GW       -204,695                  -13.3 %                   -180,624                  -6122.8 %               2,999

 

4 -- Extraordinary result ((VII--VII))

 

31/12/2013              Variation                                 31/12/2012                              Variation                                 31/12/2011

Extraordinary

result (Total VIIVIII) HI           -141                         0%                           0                                              0%                           -2,481

 

Profit Or loss

31/12/2013              Variation                                 31/12/2012                              Variation                                 31/12/2011

Profit or loss HN                    -204,836                  -13.4 %                   -180,623                                  -35036.8 %             517

 

Total Income ((I+III+V+VII))

31/12/2013              Variation                                 31/12/2012                              Variation                                 31/12/2011

Total Income

(Total I+III+V+VII)   HL           4,565,892                48.6 %                     3,072,472                                18.4 %                     2,594,703

 

Total Charges ((Total II+IV+VII+VIII+IX+X))

 

31/12/2013              Variation                                 31/12/2012                              Variation                                 31/12/2011

Total Charges (Total

II+IV+VI+VIII+IX+X) HM          4,770,728                46.7 %                     3,253,096                                25.4 %                     2,594,185

 

 

Operating income (I)

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total operating

income (Total I)

FR

4,565,892

48.6 %

3,072,472

18.4 %

2,594,703

 

 

Operating income (details)

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Sale of goods for resale

FC

4,306,666

44.4 %

2,982,261

16.2 %

2,567,247

France

FA

4,306,666

44.4 %

2,982,261

18.7 %

2,512,757

Export

FB

0

0%

0

0%

54,490

Sale of goods produced

FF

0

0%

0

0%

0

France

FD

0

0%

0

0%

0

Export

FE

0

0%

0

0%

0

Sale of services

Fi

244,494

186.8 %

85,261

0%

0

France

FG

244,494

186.8 %

85,261

0%

0

Export

FH

0

0%

0

0%

0

Net turnover

FL

4,551,160

48.4 %

3,067,522

19.5 %

2,567,247

France

FJ

4,551,160

48.4 %

3,067,522

22.1 %

2,512,757

Export

FK

0

0%

0

0%

54,490

Stocked production

FM

0

0%

0

0%

0

Self-constructed assets

FN

0

0%

0

0%

0

Operating grants

FO

0

0%

0

0%

0

Release of reserves and provisions

FP

0

0%

0

0%

26,519

Other income

FQ

14,732

197.6 %

4,950

428.3 %

937

 

 

Operating charges (II)

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total operating charges (Total II)

GF

4,770,587

46.6 %

3,253,096

25.5 %

2,591,614

 

 

Exploitation charges

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Purchase of goods for resale

FS

4,185,968

74.0 %

2,406,022

4.5 %

2,303,456

Change in stocks of goods for resale

FT

0

0%

371,596

319.6 %

-169,198

Purchase of raw materials

FU

0

0%

0

0%

0

Change in stocks of

FV

0

0%

0

0%

0

raw materials

 

 

 

 

 

 

Other external

purchases and

charges

FW

284,661

2.1 %

278,789

-17.0 %

336,035

Tax, duty and similar payments

FX

12,518

44.7 %

8,649

22.1 %

7,086

Payroll

FY

195,905

63.2 %

120,032

54.7 %

77,610

Social security costs

FZ

90,971

58.9 %

57,263

59.4 %

35,928

 

Depreciation

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Depreciation of fixed assets

0

0%

10,436

0%

0

Amortisation of fixed assets

0

0%

0

0%

0

Depreciation/amortisation of current assets

0

0%

0

0%

0

Provisions for risks and charges

0

0%

0

0%

0

 

Other charges

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Other charges GE

564

82.5 %

309

-55.7 %

697

 

Operating charges (III-IV)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Share of joint-

 

 

 

 

 

venture

 

 

 

 

 

transferred to GH

0

0%

0

0%

0

other partner(s)

 

 

 

 

 

(Total III)

 

 

 

 

 

Share of joint

 

 

 

 

 

venture

 

 

 

 

 

transferred from GI

0

0%

0

0%

0

other partner(s)

 

 

 

 

 

(Total IV)

 

 

 

 

 

 

Financial income (V)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total financial income (Total V)

0

0%

0

0%

0

Share financial income

0

0%

0

0%

0

Other investment

 

 

 

 

 

income & capitalised GK

0

0%

0

0%

0

receivables

 

 

 

 

 

Other interest and G similar income

0

0%

0

0%

0

Released provisions

 

 

 

 

 

and transferred GM

0

0%

0

0%

0

charges

 

 

 

 

 

Exchange gains GN

0

0%

0

0%

0

Net income from

 

 

 

 

 

disposal of GO investment GO

0

0%

0

0%

0

securities

 

 

 

 

 

 

Financial charge (VI)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total financial charge (Total VI)

0

0%

0

0%

90

Financial reserves and provisions

0

0%

0

0%

0

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Interest and similar charges

0

0%

0

0%

90

Exchange losses GS

0

0%

0

0%

0

Net loss from

 

 

 

 

 

disposal of GT investment GT

0

0%

0

0%

0

securities

 

 

 

 

 

 

Extraordinary income (VII)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total extraordinary income (Total VII)

0

0%

0

0%

0

Extraordinary operating income

0

0%

0

0%

0

Extraordinary income

 

 

 

 

 

from capital HB

0

0%

0

0%

0

transactions

 

 

 

 

 

Released provisions

 

 

 

 

 

and transferred HC

0

0%

0

0%

0

charges

 

 

 

 

 

 

Extraordinary charges (VIII)

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total extraordinary H charges (Total VIII)

141

0%

0

0%

2,481

Extraordinary operating charges

141

0%

0

0%

2,481

 

 

State deadlines claims and debts at the end of period

 

 

State claims

31/12/2013                              Variation                                31/12/2012              Variation                31/12/2011

Gross value           VT           1,259,424                                                27.4 %                     988,927                   57.6 %                     627,514

1 year at most        VU           1,256,810                                                27.1 %                     988,927                   57.6 %                     627,514

More than one year   VV      2,614                                       0%                           0                              0%                           0

 

State of Loans

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Other financial assets (gross)

UT

2,614

0%

0

0%

0

 

Receivables statement of assets

31/12/2013                              Variation                31/12/2012              Variation                31/12/2011

Customers doubtful

or disputed            VA           940,458                                   0%                           0                              0%                           0

 

Other claims

Customer UX                          0                                              0%                           982,708                   58.4 %                     620,257

 

State and other

 

 

 

 

 

 

public -

VP

314,659

0%

0

0%

0

Miscellaneous

 

 

 

 

 

 

Group and Associates

VC

0

0%

0

0%

0

 

 

 

 

 

 

 

Accounts receivable

(including claims

relating to the

operation of pension

titles)

 

 

 

 

 

 

 

 

 

 

 

 

VR

0

0%

2,905

-54.2 %

6,348

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepaid

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Prepaid

VS

1,693

-48.9 %

3,315

265.1 %

908

 

 

State Debt

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Total debt (gross)

VY

1,641,044

15.4 %

1,422,637

26.1 %

1,127,837

1 year at most

VZ2

1,641,044

15.4 %

1,422,637

26.1 %

1,127,837

More than 1 year and 5 years at most

VZ3

0

0%

0

0%

0

More than 5 years

VZ4

0

0%

0

0%

0

 

Details

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

Convertible bonds (gross)

7Y1

0

0%

0

0%

0

1 year at most

7Y2

0

0%

0

0%

0

More than 1 year and 5 years at most

7Y3

0

0%

0

0%

0

Other bonds (gross)

7Z1

0

0%

0

0%

0

1 year at most

7Z2

0

0%

0

0%

0

More than 1 year and 5 years at most

7Z3

0

0%

0

0%

0

Borrowing & debts

 

 

 

 

 

 

to 1 year maximum at the origin

VG1

0

0%

0

0%

0

(gross)

 

 

 

 

 

 

1 year at most

VG2

0

0%

0

0%

0

More than 1 year and 5 years at most

VG3

0

0%

0

0%

0

Borrowing & debts

 

 

 

 

 

 

to more than 1 year at the origin

VH1

0

0%

0

0%

0

(gross)

 

 

 

 

 

 

1 year at most

VH2

0

0%

0

0%

0

More than 1 year and 5 years at most

VH3

0

0%

0

0%

0

Loans and various

 

 

 

 

 

 

financial liabilities

8A1

0

0%

90,819

-79.9 %

452,477

(gross)

1 year at most

8A2

0

0%

90,819

-79.9 %

452,477

More than 1 year and

8A3

0

0%

0

0%

0

5 years at most

 

 

 

 

 

 

Suppliers and

 

 

 

 

 

 

associated

8B1

1,526,578

26.0 %

1,211,590

98.6 %

610,151

accounts (gross)

 

 

 

 

 

 

1 year at most

8B2

1,526,578

26.0 %

1,211,590

98.6 %

610,151

More than 1 year and 5 years at most

8B3

1,526,578

26.0 %

1,211,590

98.6 %

610,151

Personnel and

 

 

 

 

 

 

associated

8C1

0

0%

0

0%

0

accounts (gross)

 

 

 

 

 

 

1 year at most

8C2

0

0%

0

0%

0

More than 1 year and

8C3

0

0%

0

0%

0

5 years at most

 

 

 

 

 

 

Social Security and

 

 

 

 

 

 

other social

organizations

8D1

0

0%

120,071

94.8 %

61,639

(gross)

 

 

 

 

 

 

1 year at most

8D2

0

0%

120,071

94.8 %

61,639

More than 1 year and

8D3

0

0%

0

0%

0

5 years at most

 

 

 

 

 

 

Taxes on profits (gross)

8E1

0

0%

0

0%

0

1 year at most

8E2

0

0%

0

0%

0

More than 1 year and

8E3

0

0%

0

0%

0

5 years at most

 

 

 

 

 

 

VAT (Gross)

VW1

113,628

0%

0

0%

0

1 year at most

VW2

113,628

0%

0

0%

0

More than 1 year and 5 years at most

VW3

0

0%

0

0%

0

Backed Obligations (gross)

VX1

0

0%

0

0%

0

1 year at most

VX2

0

0%

0

0%

0

More than 1 year and 5 years at most

VX3

0

0%

0

0%

0

Other taxes and

 

 

 

 

 

 

assimilated

VQ1

0

0%

0

0%

0

(gross)

 

 

 

 

 

 

1 year at most

VQ2

0

0%

0

0%

0

More than 1 year and 5 years at most

VQ3

0

0%

0

0%

0

Assets and

 

 

 

 

 

 

liabilities associated

8J1

0

0%

0

0%

0

accounts (gross)

 

 

 

 

 

 

1 year at most

8J2

0

0%

0

0%

0

More than 1 year and

8J3

0

0%

0

0%

0

5 years at most

 

 

 

 

 

More than 5 years

8J4

0

0%

0

0%

0

Groups and associates (gross)

VI1

838

0%

0

0%

0

1 year at most

VI2

838

0%

0

0%

0

More than 1 year and 5 years at most

VI3

0

0%

0

0%

0

More than 5 years

V14

0

0%

0

0%

0

Other liabilities (gross)

8K1

0

0%

157

-95.6 %

3,571

1 year at most

8K2

0

0%

157

-95.6 %

3,571

More than 1 year and

8K3

0

0%

0

0%

0

5 years at most

 

 

 

 

 

 

Debt

 

 

 

 

 

 

representative of borrowed

SZ1

0

0%

0

0%

0

securities (gross)

 

 

 

 

 

 

1 year at most

SZ2

0

0%

0

0%

0

More than 1 year and

SZ3

0

0%

0

0%

0

5 years at most

 

 

 

 

 

 

 

 

Ratios

 

Structure and Liquidity

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

MEDIANE SECTEUR 2013

Fixed Asset Financing

-78.04

-

-

-

-

1.22

-6496.7 %

Global Debt

130 jours

-22.2 %

167 jours

5.7 %

158 jours

133 jours

-2.3 %

Working Capital Fund overall net

-16 jours

-45.5 %

-11 jours

-117.2 %

64 jours

100 jours

-116.0 %

Financial independence

-24,443.44 %

-12190.5 %

-198.88 %

-180900.0 %

0.11 %

146.03 %

-16838.6 %

Solvability

-14.26 %

1.9 %

-14.54 %

-29180.0 %

0.05 %

46.84 %

-130.4 %

Capacity debt futures

-

-

-

-

-

7,285.73 %

-

Coverage of current

 

 

 

 

 

 

 

assets by net

working capital overall

-14.43 %

-100.7 %

-7.19 %

-117.9 %

40.18 %

54.54 %

-126.5 %

 

 

 

 

 

 

 

 

General Liquidity

0.77

10.0 %

0.70

25.0 %

0.56

0.77

0%

Restricted Liquidity

0.87

-1.1 %

0.88

31.3 %

0.67

0.99

-12.1 %

 

Management or rotation

 

 

31/12/2013              Variation                31/12/2012              Variation                                31/12/2011  MΙDIANE SECTEUR 2013

Need background in

operating working

capital                     -30 jours                                 28.6 %                     -42 jours                                 -193.3 %                                 45 jours                  77 jours       -139.2 %

Treasury                                 14 jours                  -54.8 %                   31 jours                  72.2 %                     18 jours                  12 jours 21.7 %

Inventory turnover of

Goods                    0 jours                    0%                           0 jours                    0%                           63 jours                  81 jours 0%

Average length of

credit granted to

customers              74 jours                  -35.7 %                   115 jours                                32.2 %                     87 jours                  58 jours 28.7 %

Average length of

credit obtained

suppliers                                123 jours                                -14.0 %                   143 jours                                60.7 %                     89 jours                  61 jours       103.3 %

Inventory turnover of

raw materials in

industrial enterprises-                          -                               -                               -                               0 jours                   106 jours  -            

 

Inventory turnover of

intermediate and

finished products in

the industrial

enterprise                               -                               -                               -                               -                               -                               240 jours                   -

 

Rotation tangible

Assets                     -                               -                               -                               -                               -                               256.01 %   -

 

Profitability of the business

31/12/2013                 Variation                    31/12/2012                 Variation                    31/12/2011                 MΙDIANE SECTEUR

2013

 

Margin trading            2.65 %                      -60.3 %                     6.67 %                      -60.5 %                     16.87 %                     6.06 %      -56.3 %

 

Profitability of the

Business                   -4.81 %                     15.6 %                      -5.70 %                     -519.6 %                    -0.92 %                     2.78 %      -273.0 %

 

Net profit                   -4.50 %                     23.6 %                      -5.89 %                     -29550.0 %                0.02 %                      1.51 %      -398.0 %

Growth rate of

turnover (excluding

VAT)                         48.37 %                     148.2 %                     19.49 %                     -75.1 %                     78.21 %                     -2.21 %     2288.7 %

Rates integration        1.77 %                      391.7 %                     0.36 %                      -90.5 %                     3.78 %                     28.92 %     -93.9 %

Work Factor               356.23 %                   -77.7 %                     1,595.10 %                1262.1 %                   117.11 %                   86.40 %     312.3 %

Weight interests         0.00 %                      0%                            0.00 %                      0%                            0.00 %                      0.36 %      0%

 

Return on capital

31/12/2013              Variation                                 31/12/2012              Variation                                 31/12/2011   MΙDIANE SECTEUR 2013

Cash flow from the

overall profitability                -4.50 %                   18.9 %                     -5.55 %                   -27850.0 %             0.02 %                     3.42 %    -231.6 %

Rates of economic

Profitability             107.00 %                 -45.1 %                   195.00 %                 4000.0 %                 -5.00 %                   7.46 %   1334.3 %

Financial profitability -204,836.00 %   -13.4 %                   -180,623.00 %        -35036.8 %             517.00 %    568,060.50 %   -136.1 %

Return on investment 100.41 %           -50.1 %                   201.13 %                 154615.4 %             0.13 %                     4.82 % 1983.2 %

 

Management intermediate balances

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

MEDIANE SECTEUR 2013

 

Turnover

4,551,160

48.4 %

3,067,522

19.5 %

2,567,247

1,563,137      191.2 %

 

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

MEDIANE SECTEUR 2013

 

Sales of goods

4,306,666

44.4 %

2,982,261

16.2 %

2,567,247

-

 

- Purchase of goods

4,185,968

74.0 %

2,406,022

4.5 %

2,303,456

-

 

+/- Stock of goods variation

0

0%

371,596

319.6 %

-169,198

-

 

Trading margin

120,698 €

-41.0 %

204,643 €

-52.7 %

432,989 €

152,581 €      -20.9 %

 

 

2.65

-60.3 %

6.67

-60.5 %

16.87

6.57      -59.7 %

Sale of goods produced

244,494

186.8 %

85,261

0%

0

-

+/- Stocked production

0

0%

0

0%

0

-

+ Self-constructed assets

0

0%

0

0%

0

-

Period production

244,494 €

186.8 %

85,261 €

0%

0 €

349,607 €      -30.1 %

 

5.37

93.2 %

2.78

0%

0.00

57.07      -90.6 %

Trading margin

120,698

-41.0 %

204,643

-52.7 %

432,989

152,581       -20.9 %

+ Period Production

244,494

186.8 %

85,261

0%

0

349,607    -30.1 %

- Purchase of raw materials

0

0%

0

0%

0

-

+/- Change in stocks of raw materiels

0

0%

0

0%

0

-

- Other external

purchases and

charges

284,661

2.1 %

278,789

-17.0 %

336,035

-

Added value

80,531 €

624.5 %

11,115 €

-88.5 %

96,954 €

307,284 €      -73.8 %

 

1.77

391.7 %

0.36

-90.5 %

3.78

28.92      -93.9 %

Added value

80,531 €

624.5 %

11,115 €

-88.5 %

96,954 €

307,284 €        -73.8 %

+ Operating grants

0

0%

0

0%

0

-

- Tax, duty and similar payments

12,518

44.7 %

8,649

22.1 %

7,086

-

- Personal charges

286,876

61.8 %

177,295

56.2 %

113,538

-

Gross operating surplus

-218,863 €

-25.2 %

-174,829 €

-638.6 %

-23,670 €

15,474 €     -1514.4 %

 

-4.81

15.6 %

-5.70

-519.6 %

-0.92

2.78       -273.0 %

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

MEDIANE SECTEUR 2013

Gross operating surplus

-218,863 €

-25.2 %

-174,829 €

-638.6 %

-23,670 €

15,474 €      -1514.4 %

+ Release of reserves and provisions

0

0%

0

0%

26,519

-

+ Other operating income

14,732

197.6 %

4,950

428.3 %

937

-

- Depreciation/ Amortisation

0

0%

10,436

0%

0

-

- Other charges

564

82.5 %

309

-55.7 %

697

-

Operating result

-204,695 €

-13.3 %

-180,624 €

-5947.3 %

3,089 €

16,692 €      -1326.3 %

 

-4.50

23.6 %

-5.89

-5008.3 %

0.12

2.15        -309.3 %

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

MEDIANE SECTEUR 2013

Operating result

-204,695 €

-13.3 %

-180,624 €

-5947.3 %

3,089 €

16,692 €      -1326.3 %

+/- Result of joint-

venture transferred from/to other

partners

0

0%

0

0%

0

-

+ Financial income

0

0%

0

0%

0

-

- Financial charges

0

0%

0

0%

90

-

Pre-tax result

-204,695 €

-13.3 %

-180,624 €

-6122.8 %

2,999 €

21,806 €      -1038.7 %

 

-4.50

23.6 %

-5.89

-5008.3 %

0.12

2.41        -286.7 %

 

31/12/2013

Variation

31/12/2012

Variation

31/12/2011

MEDIANE SECTEUR 2013

Extraordinary income

0

0%

0

0%

0

347 0%

- Extraordinary charges

141

0%

0

0%

2,481

-

 

31/12/2013              Variation                                 31/12/2012              Variation                 31/12/2011   MΙDIANE SECTEUR 2013

Extraordinary

Result                                     -141 €                      0%                           0 €                           0%           -2,481 €                   -93 €      -51.6 %

 

Pre-tax result                          -204,695 €               -13.3 %                   -180,624 €               -6122.8 %  2,999 €                                 21,806 € -1038.7 %

Extraordinary

Result                                     -141 €                      0%                           0 €                           0%           -2,481 €                   -93 €        -51.6 %

Net result                                -204,836 €               -13.4 %                   -180,624 €      -34969.5 %      518 €                       15,556 € -1416.8 %

-4.50                        23.6 %                     -5.89               -29550.0 %         0.02                       1.51        -398.0 %

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.29

UK Pound

1

Rs.93.02

Euro

1

Rs.67.36

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

MNL

 

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%)

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.