MIRA INFORM REPORT
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Report No. : |
349903 |
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Report Date : |
14.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
LOGIX INFOSECURITY PRIVATE LIMITED (w.e.f. 20.11.2008) |
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Formerly Known
As : |
LOGIX CONSULTANCE GROUP PRIVATE LIMITED |
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Registered
Office : |
Unit No. 127, Building No.2, Sector 1, Millennium Business Park,
Mahape, Navi Mumbai - 400710, Maharashtra |
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Tel. No.: |
91-22-24211860 |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
16.08.1999 |
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Com. Reg. No.: |
11-121303 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
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CIN No.: [Company Identification
No.] |
U72100MH1999PTC121303 |
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TIN No.: |
Not Available |
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IEC No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUML03561F |
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PAN No.: [Permanent Account No.] |
AAACL6138R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Networking Solution and Email Solution. |
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No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated on 16th August, 1999. It has
moderate track record. Management of the company has failed to file its financial for the
year 2014 with the Government Department. Mr. Tushar Salvi (Account Assistant) has provided us with all information
and he also confirmed that the company has achieved sales turnover of
Rs.180.000 Million for the year 2013-2014 and Rs.240.000 Million for the year
2014-2015 which is not verified. As per available financial of 2013, financial position of the company
is decent. Trade relations are fair. Business is active. Payment are unknown. The company can be considered for business dealings with some
cautions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Tushar Salvi |
|
Designation : |
Account Assistant |
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Contact No.: |
91-22-24211860 |
|
Date : |
10.11.2015 |
LOCATIONS
|
Registered / Corporate Office: |
Unit No. 127, Building No.2, Sector 1, Millennium Business Park,
Mahape, Navi Mumbai - 400710,
Maharashtra, India |
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Tel. No.: |
91-22-24211860/ 41024543/ 41024545 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Development Center: |
324, Siddharth Towers, Kothrud, Pune, Maharashtra, India |
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Sales Offices : |
Located at : · Mumbai · Pune · Bangalore · Hyderabad · Ahmedabad · New Delhi |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Nitin Jayasingrao Patil |
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Designation : |
Director |
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Address : |
E-4/14 Bimashankar, Sector 19A, Nerul, Navi Mumbai - 400706, Maharashtra, India |
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Date of Birth/Age : |
30.04.1972 |
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Date of Appointment : |
16.08.1999 |
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DIN No.: |
00706175 |
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Name : |
Adwait Dilip Gadre |
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Designation : |
Director |
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Address : |
1141 Sadashiv Peth, Pune - 411030, Maharashtra, India |
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Date of Birth/Age : |
17.01.1971 |
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Date of Appointment : |
16.08.1999 |
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DIN No.: |
00706137 |
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Name : |
Mr. Prashant Jayant Mudbidri |
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Designation : |
Director |
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Address : |
206 Rim Zim CHS, Plot No. 6, Sector 10A, Vashi, Navi Mumbai - 400703, Maharashtra, India |
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Date of Birth/Age : |
24.08.1972 |
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Date of Appointment : |
16.08.1999 |
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DIN No.: |
00706218 |
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Name : |
Vandana Prashant Mudbidri |
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Designation : |
Director |
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Address : |
206 Rim Zim CHS, Plot No. 6, Sector 10 A, Vashi, Navi Mumbai - 400703, Maharashtra, India |
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Date of Birth/Age : |
12.11.1973 |
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Date of Appointment : |
16.08.1999 |
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DIN No.: |
00706279 |
KEY EXECUTIVES
|
Name : |
Mr. Tushar Salvi |
|
Designation : |
Account Assistant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Nitin Jayasingrao Patil |
|
3333 |
|
Adwait Dilip Gadre |
|
3333 |
|
Prashant Jayant Mudbidri |
|
3333 |
|
Vandana Prashant Mudbidri |
|
1 |
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Total |
|
10000 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Providing Networking Solution and Email Solution. |
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Services : |
Networking Solution and Email Solution |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cheque and Credit |
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Purchasing : |
Cheque and Credit |
PRODUCTION STATUS – NOT APPLICABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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Auditors : |
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Name : |
Shankar Balasuramanian Chartered Accountant |
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Address : |
17 Swagat Plot 2A, Sector 9A, Vashi, Navi Mumbai - 400703,
Maharashtra, India |
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Tel. No.: |
91-22-27801355 |
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Mobile No.: |
91-9821242576 |
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E-Mail : |
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PAN No.: |
AADPB2832J |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Sister Concern : |
Not Divulged |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
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(1)Shareholders' Funds |
|
|
|
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(a) Share Capital |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
68.963 |
57.663 |
39.246 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’
Funds (1) + (2) |
69.063 |
57.763 |
39.346 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
9.338 |
1.417 |
2.353 |
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(b) Deferred tax liabilities (Net) |
1.244 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
10.582 |
1.417 |
2.353 |
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|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.795 |
|
(b) Trade
payables |
33.616 |
23.265 |
20.486 |
|
(c) Other
current liabilities |
1.849 |
1.337 |
0.000 |
|
(d) Short-term
provisions |
31.792 |
25.592 |
19.675 |
|
Total Current
Liabilities (4) |
67.257 |
50.194 |
40.956 |
|
|
|
|
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TOTAL |
146.902 |
109.374 |
82.655 |
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II.
ASSETS |
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(1)
Non-current assets |
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(a) Fixed
Assets |
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(i)
Tangible assets |
26.216 |
22.239 |
12.339 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
19.823 |
20.000 |
20.103 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
18.507 |
5.163 |
0.000 |
|
(e) Other
Non-current assets |
39.303 |
29.246 |
0.000 |
|
Total Non-Current
Assets |
103.849 |
76.648 |
32.442 |
|
|
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|
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(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.076 |
0.108 |
0.000 |
|
(c) Trade
receivables |
39.721 |
29.852 |
20.119 |
|
(d) Cash
and cash equivalents |
2.254 |
1.734 |
2.503 |
|
(e)
Short-term loans and advances |
1.002 |
1.032 |
0.000 |
|
(f) Other
current assets |
0.000 |
0.000 |
27.591 |
|
Total
Current Assets |
43.053 |
32.726 |
50.213 |
|
|
|
|
|
|
TOTAL |
146.902 |
109.374 |
82.655 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Gross Sales |
171.986 |
147.144 |
131.225 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
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TOTAL |
NA |
NA |
NA |
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|
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EXPENSES |
NA |
NA |
NA |
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|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
29.207 |
32.285 |
24.495 |
|
|
|
|
|
|
|
|
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INTEREST |
0.142 |
0.053 |
0.397 |
|
|
|
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|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
29.065 |
32.232 |
24.098 |
|
|
|
|
|
|
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|
DEPRECIATION/
AMORTISATION |
10.442 |
6.486 |
3.574 |
|
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|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
18.765 |
25.746 |
20.524 |
|
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|
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|
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|
TAX |
6.200 |
7.500 |
5.500 |
|
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|
PROFIT/(LOSS)
AFTER TAX |
12.565 |
18.246 |
15.024 |
|
|
|
|
|
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|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
57.662 |
39.245 |
27.136 |
|
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|
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|
|
|
|
|
|
APPROPRIATIONS |
1.264 |
0.000 |
2.915 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
68.963 |
57.491 |
39.245 |
|
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|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
1256.50 |
1824.60 |
1502.40 |
|
|
Particulars |
|
31.03.2015 |
31.03.2014 |
|
Sales Turnover (Approximately) |
|
240.000 |
180.000 |
Expected Sales (2015-2016): Rs.300.000 Million
The above information has been parted by Mr. Tushar Salvi (Account
Assistant).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.77 |
28.81 |
32.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27 |
0.45 |
0.52 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.14 |
0.02 |
0.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.64 |
0.65 |
1.23 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
39.246 |
57.663 |
68.963 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
39.346 |
57.763 |
69.063 |
|
|
|
|
|
|
long-term borrowings |
2.353 |
1.417 |
9.338 |
|
Short term borrowings |
0.795 |
0.000 |
0.000 |
|
Total borrowings |
3.148 |
1.417 |
9.338 |
|
Debt/Equity ratio |
0.080 |
0.025 |
0.135 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Gross Sales |
131.225 |
147.144 |
171.986 |
|
|
|
12.131 |
16.883 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Gross Sales |
131.225 |
147.144 |
171.986 |
|
Profit |
15.024 |
18.246 |
12.565 |
|
|
11.45% |
12.40% |
7.31% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-=---- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last five years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
--- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Note:
The registered office of the company has been shifted from 12, Sat Sang, Plot
No. 32, Sector-9A, Vashi, Navi Mumbai – 400703, Maharashtra, India to the
present address w.e.f. 01.12.2008.
YEAR IN RETROSPECT
(AS ON 31.03.2013)
On a Sales turnover of Rs. 171.900 Million (Rs. 147.100 Million), the profit of the company amounted to Rs. 29.200 Million (Rs. 32.200 Million). After providing for interest and finance charges, depreciation, current taxation, the net profit amounted to Rs. 12.500 Million compared to a profit of Rs. 18.200 Million in the previous year. On comparison of the previous year’s performance, the company has achieved a 18% growth in its turnover which is quite encouraging.
Mandate to leverage on existing customer base and grow the revenues offering them value added services. They partnered with Symantec to offer cloud security and with Commvault for Cloud Backup solutions.
Zimbra gave a significant boost to the cloud Services business, their Email hosting services grew more than 30% in the year. They got the early mover advantage and became the No. 1 Zimbra hosting company in India.
More Services are being offered on the cloud platform, giving more options to the mid and large enterprise to avail the services as per the budgeted values. This is gaining acceptance and will add more revenue contribution.
FUTURE PROSPECTS (AS
ON 31.03.2013)
As more and more public sector and BFSI companies adopt cloud services, they anticipate that their participations and customer acquisitions will grow in this sector. Adding more value added functions to the cloud messaging portfolio will help growing revenues from existing customers. Email Archiving, Instant Messaging and Mobility Solutions are some of the solution which have got added to the cloud messaging bouquet.
Process of evaluating Intellectual Rights Management, Data Loss Prevention, Audio – Video Instant Messenger and Access Control Mechanism is on, they are sure of incorporating the most suitable solutions soon.
INDEX OF CHARGE: NO
CHARGES EXIST FOR COMPANY
FIXED ASSETS:
· Office Premises
· Computers and Printer
· Furniture and Fittings
· Office Equipment’s
· Motor Car
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.15 |
|
|
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.71.26 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
27 |
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NB |
NEW BUSINESS |
||
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.