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Report No. : |
324522 |
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Report Date : |
29.05.2015 |
IDENTIFICATION DETAILS
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Name : |
SENSATA TECHNOLOGIES DE
MEXICO |
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Registered Office : |
Av Aguascalientes Sur
#401 Ex-Ejido Ojacaliente Aguascalentes 20190 |
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Country : |
Mexico |
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Date of Incorporation : |
29.12.2006 |
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Legal Form : |
Sociedad Anonima de Capital Variable |
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Line of Business : |
Subject is manufacturer of devices used
in automotive, appliance, aircraft, military industry, heavy vehicles,
heating, air conditioning, data management, telecommunications, recreational
vehicles and other applications |
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No. of Employee : |
4 200 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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Mexico |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
MEXICO - ECONOMIC OVERVIEW
Mexico's $1.3 trillion economy has become increasingly
oriented toward manufacturing in the 21 years since the North American Free
Trade Agreement (NAFTA) entered into force. Per capita income is roughly
one-third that of the US; income distribution remains highly unequal. Mexico
has become the United States' second-largest export market and third-largest
source of imports. In 2013, two-way merchandise trade reached nearly $507
billion. Mexico has free trade agreements with 46 countries - putting more than
90% of trade under free trade agreements. In 2012, Mexico formally joined the
Trans-Pacific Partnership negotiations and formed the Pacific Alliance with
Peru, Colombia and Chile. Mexico's current government, led by President Enrique
PENA NIETO, emphasized economic reforms during its first two years in office,
passing and implementing education, energy, financial, fiscal and
telecommunications reform legislation, among others, with the aim to improve
competitiveness and economic growth across the Mexican economy. Although the
economy is expected to experience stronger growth in 2015 as a result of
increased investment and stronger demand for Mexican exports, growth will
continue to remain modest and below expectations. Over the medium-term, the
economy is vulnerable to global economic pressures, such as rising interest
rates and low oil prices—which account for about 30 percent of government
revenue.
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Source
: CIA |
STATUTORY INFORMATION
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Company Name : |
SENSATA TECHNOLOGIES DE MEXICO |
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Address : |
Av Aguascalientes Sur #401 Ex-Ejido Ojacaliente Aguascalentes 20190,
Mexico |
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Legal Name: |
Sensata Technologies de México S de RL de CV |
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Trade Name: |
Sensata Technologies de México |
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RFC: |
STM060224MM9 |
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Date Created: |
2006 |
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Date Incorporated: |
29-Dec-06 |
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Legal Address: |
Av. Aguascalientes Sur # 401, |
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Ex Ejido Salto de Ojocaliente |
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CP. 20290 |
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Aguascalientes, Ags. |
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Mexico |
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Operative Address: |
Av. Aguascalientes Sur # 401, |
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Ex Ejido Salto de Ojocaliente |
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CP. 20290 |
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Aguascalientes, Ags. |
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Mexico |
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Telephone: |
52 449 9 105500 |
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Fax: |
52 449 9 105536 |
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Legal Form: |
Sociedad Anonima de Capital Variable |
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Email: |
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Registered in: |
Mexico |
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Website: |
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Contact: |
Andrés Olache Ortiz, Director |
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Staff: |
4 200 |
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Activity: |
Semiconductor & Other Electronic Component Manufacturing
Industry |
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BANK DATA
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BANAMEX |
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The company does not make its banking data public |
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HISTORY
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The company started business in Mexico in 2006. |
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PRINCIPAL ACTIVITY
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Manufacturer of devices
used in automotive, appliance, aircraft, military industry, heavy vehicles,
heating, air conditioning, data management, telecommunications, recreational
vehicles and other applications. |
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Products/Services description: |
Sensors and Controls |
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Brands: |
SENSATA |
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Clients: |
MAHLE BEHR GERENCIAMENTO TERMICO |
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Brazil |
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INDUSTRIAS FAACA COLOMBIA SA |
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Colombia |
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Suppliers: |
SANDHAR TECHNOLOGIES BARCELONA SL |
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Spain |
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UGARTEBURU SA C/O EXPEDITORS INTL E |
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Spain |
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SAMSHIN PRECISION IND,CO.LTD |
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Korea |
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LEATEC FINE CERAMICS CO., LTD. |
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Taiwan |
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Sales: |
Wholesale |
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Operations area: |
National and International |
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The company imports from |
Spain, Korea, Taiwan |
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The company exports to |
Worldwide |
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The subject employs |
4 200 employees |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
Av. Aguascalientes Sur # 401, |
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Ex Ejido Salto de Ojocaliente |
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CP. 20290 |
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Aguascalientes, Ags. |
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Mexico |
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Approximate Square Footage |
411 000 |
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Branches: |
The company does not have branches |
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Industry: |
Companies in this industry make semiconductors (computer chips) and other
components used in electronic devices. |
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The industry depends highly on demand from the computer industry and
makers of telecommunications products such as cell phones, which can vary sharply
from year to year. Companies can be successful producing standard parts at
low cost or by producing highly specialized components. Small companies can
compete effectively with large ones by producing specialized products or
developing new applications. Technological expertise is extremely important. |
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Major products include semiconductors (computer chips), which account
for about 65 percent of industry revenue; printed circuit assemblies (15
percent); and components such as electronic connectors. |
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GROUP STRUCTURE
AND SUBSIDIARY COMPANIES
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Listed at the stock exchange: |
NO |
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Capital: |
NA |
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Shareholders %: |
This is a private company. It is a subsidiary of: |
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Sensata Technologies Holding B.V. |
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Netherlands Sensata Technologies
manufactures components for industries and strategic sectors such as
automotive, aerospace and many more that are developing new projects in the
state. It has more than 15 000 people working in its nine manufacturing plants
and business centers in South Korea, China, USA, Japan, Malaysia,
Netherlands, Dominican Republic. |
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Management
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Edgar IváN GutiéRrez NarváEz, Financial Manager Andrés Olache Ortiz, Director Cristian Caro HernáNdez, Director Rafael GonzáLez Romo, Director |
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Sister Companies
Sensata Technologies B.V. The Netherlands Sensata Technologies Intermediate Holding
B.V. The Netherlands Sensata Technologies Japan Limited Japan Sensata Technologies Malaysia Sdn. Bhd. Malaysia Sensata Technologies Korea Limited Korea Sensata Technologies Holland B.V. The Netherlands Sensata Technologies Holding Company
Mexico, B.V. The Netherlands Servicios Administrativos Sensata
Technologies, S. de R.L. de C.V. Mexico Sensata Technologies Finance Company LLC United States Sensata Technologies Holding Company,
U.S., B.V. The Netherlands Sensata Technologies, Inc. United States Sensata Technologies India Private Limited India Sensata Technologies Singapore, Pte. Ltd. Singapore Sensata Technologies Taiwan Co., Ltd. Taiwan Sensata Technologies Hong Kong Ltd. Hong Kong Sensata Technologies Baoying Co., Ltd. China Sensata Technologies Spain, S.L. Spain Sensata Technologies Germany GmbH Germany Sensata Technologies Sensores E Controles
do Brasil Itda. Brazil Sensata Technologies Changzou Co., Ltd. China Sensata Technologies China Limited China Sensata Technologies Italia S.r.L Italy Control Devices, Inc. United States CDI Netherlands B.V. The Netherlands CDI Holding International SAS France FTCP Holdings Ltd. United Kingdom Sensata Technologies Limited United Kingdom FTCP Bermuda Ltd. Bermuda Sensata Technologies Dominicana, SA Dominican Republic Sensata Technologies Dominicana Holdings,
SA Dominican Republic Sensata Technologies (Europe) Limited United Kingdom Sensata Technologies Massachusetts, Inc. United States Sensata Technologies Mexico Distribution
S.A. de C.V. Mexico Airpax Electronics de Mexico, S. de R. L.
de CV Mexico Nihon Airpax Company, Ltd. Japan Airpax Electronics (Shanghai) Company,
Ltd. China Sensata Technologies U.K., Ltd. United Kingdom |
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FINANCIAL INFORMATION
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The company does not make its financial statements public. |
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The following information has been provided by private sources: |
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USD 2013 |
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Revenue |
73 785 000 |
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Total Equity |
18 099 600 |
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Sensata group Mexican Results: |
Long-Live Assets |
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2014 |
97 190 000 |
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2013 |
52 479 000 |
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LEGAL FILINGS
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In December 2013, Mexico enacted
a comprehensive tax reform package, which was effective January 1, 2014. As a
result of this change, Sensata adjusted its deferred taxes in that
jurisdiction, resulting in the recognition of a tax benefit of $4.7 million
for fiscal year 2013. |
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SUMMARY
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Sensata Technologies of Mexico, S. de RL de C.V. is a private company
founded in 2006. |
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With 4,200 employees the company is much bigger and generates more income
than the average manufacturers' relays and industrial controls. |
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The company is a subsidiary of a public traded company with
subsidiaries worldwide. |
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The company’s latest financial figures show positive profitability and
no negative. |
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RISK INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
No Complaints |
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CASH FLOW |
Normal |
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STATUS |
Active |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.90 |
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1 |
Rs.98.16 |
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Euro |
1 |
Rs.69.74 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
ASH |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.