MIRA INFORM REPORT
|
Report No. : |
350463 |
|
Report Date : |
18.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
GUJARAT COTTON CORPORATION |
|
|
|
|
Registered
Office : |
32, Calindi Bunglows, Near Sola Overbridge, Thaltej, Ahmedabad -
380054, Gujarat |
|
Tel. No.: |
91-79-27682278 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
05.10.2013 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 54.099 Million |
|
|
|
|
IEC No.: |
0810022583 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAMFG5056A |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Trader and Exporter of Raw Cotton and Cotton Yarn. |
|
|
|
|
No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 150000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject was established in the year 2005 as a proprietary concern and
later during October 2013 it got converted into partnership concern. It is
having satisfactory track. Subject is engaged in the business as trader and exporter of various
varieties in Indian Raw cotton which are named as Shankar-6, Organic Cotton,
BCI cotton, Reel Cotton, Cotton Linter and other Agri Products. The concern has shown significant growth in its turnover and profit
during FY 2015. Liquidity position of the concern is decent. General financial position of the concern is normal and acceptable for
business dealings. Partners are reported to be an experienced businessman. Moreover, this rating strength is partially offset by highly
fragmented industry with low entry barriers, low profit margins which are
susceptible to fluctuation in cotton price and foreign exchange rates. Their trade relations are reported as fair. Business is active.
Payments are reported as usually correct and as per commitments. The concern can be considered for normal for business dealings at
usual trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE RATING |
|
Rating |
Long Term Bank Facilities = BB- |
|
Rating Explanation |
Moderate risk of default |
|
Date |
28.10.2015 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Hiren Mandaliya |
|
Designation : |
Account Head |
|
Contact No.: |
91-9099298808 |
|
Date : |
26.10.2015 |
LOCATIONS
|
Registered Office : |
32, Calindi Bunglows, Near Sola Overbridge, Thaltej, Ahmedabad –
380054, Gujarat, India |
|
Tel. No.: |
91-79-27682278 |
|
Mobile No.: |
91-9825072438 (Mr. Munjal Dalal) 91-9825217293 (Mr. Jatin) |
|
Fax No.: |
91-79-27682278 |
|
E-Mail : |
|
|
Website : |
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|
Area : |
2500 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Warehouse : |
Located At :
|
|
|
|
|
Admin Office : |
1, Girishkunj Society, Opposite Shriji Palace, Naranpura, Ahmedabad, Gujarat, India |
|
Location : |
Rented |
PARTNERS
|
Name : |
Mr. Vinodbhai Patel |
|
Designation : |
Partner |
|
Address : |
32-Calindi Bunglows, Thaltej, Ahmedbad, Gujarat, India |
|
Date of Birth : |
06.10.1952, 63 Years |
|
Qualification : |
Graduation |
|
Experience : |
30 Years |
|
|
|
|
Name : |
Mr. Munjal Dalal |
|
Designation : |
Partner |
|
Address : |
32-Calindi Bunglows, Thaltej, Ahmedbad, Gujarat, India |
|
Date of Birth : |
05.12.1977, 38 Years |
|
Qualification : |
Graduation |
|
Experience : |
15 Years |
|
|
|
|
Name : |
Mr. Rajnikant Patel |
|
Designation : |
Partner |
|
Address : |
Plot -1, Paramshakti (Gota), Shops and Housing Chsl, Haritage Lotus,
Thaltej, Ahmedabad, Gujarat, India |
|
Date of Birth : |
20.05.1978 37 Years |
|
Qualification : |
Graduation |
|
Experience : |
4 Years |
BUSINESS DETAILS
|
Line of Business : |
Trader and Exporter of Raw Cotton and Cotton Yarn. |
|
|
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Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Various Varieties In Indian Raw Cotton Bales |
|
Countries : |
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Imports : |
-- |
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Terms : |
|
|
Selling : |
Credit (15 Days) |
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|
|
Purchasing : |
L/C |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers
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No. of Employees : |
15 (Approximately) |
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Bankers : |
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Facilities : |
Note 1: Working Capital Facilities from Bank Baroda: Secured against hypothecation of entire Raw Material Stock in Process. Stores and Spares, packing material, finished goods, Book debts, entire machinery, equipment, electrical installation, furniture and fixtures, office equipment and other movables Mortgage of the residential Bunglow no. 32 admeasuring about 180 Sq Yard in tulsi park cooperative housing society Known as ‘Kalindi Bunglow’ situate at Final Plot No.71/1A at Thltej, Ahmedabad in the name of Mrs. Himakshiben V. Patel. Further, secured by way of Equitable Mortgage of the residential plot, situated at block 21, Shilaj, Ahmadabad in the name of Mr. Rajnikant Patel and Mrs. Tanvi Patel. Further secured by way Equitable mortgage of flat No. 204, Block B, Silver star, Near Chandlodya Gota overbridge, Chandlodiya Ahmedabad admeasuring about 135 st mts in name of Mr. Rajnikant Patel. Further secured by Equitable mortgage of flat No. 402, Block D Sopan Saran, Opp kirti Bunglows Chandlodiya Ahmadabad admeasuring about 135 sr mts in name of Mr. Rajnikant Patel and the personal guarantees of Mr. Vinod Patel, Mr. Munjal Patel, Mr. Rajnikant patel, Mrs. Tanvi Patel and Mrs. Himakshiben Patel. Note 2: Term Loan from ICICI Bank: Secured against the House No. 19, first floor, Mannet corporate Park, Near Ganesh ground Thaltej, Shilaj Co-borrowers, Mr. Munjal Patel, Mr. Rajnikant Patel, Mr. Vinod patel, Gujarat Cotton Corporation and Vaibhav Laxmi Exports Private Limited. |
|
Auditors : |
|
|
Name : |
Parikh and Majmudar Chartered Accountant |
|
Address : |
303-B Wing, GCP Business Centre, Opposite Memnagar Fire Station, Vijay
Cross Road, Ahmedabad, Gujarat, India |
|
Tel. No.: |
91-79-26401701/02/03 |
|
|
|
|
Memberships : |
-- |
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|
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Collaborators : |
-- |
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Sister Concern : |
Strykar Overseas LLP, A-1, Aditya Bunglows, Opposite Sai Hospital,
Thaltej, Ahmedabad, Gujarat, India |
CAPITAL STRUCTURE
AS ON 31.03.2015
|
SR. NO. |
NAME OF PARTNER |
SHARE IN PROFIT/
LOSS (%) |
OPENING BALANCE AS ON 01.04.2014 (In Million) |
ADDITION DURING
THE YEAR |
WITHDRAWALS
DURING THE YEAR |
SUB-TOTAL AS ON
31.03.2015 (In Million) |
SALARY |
EXCESS OF INCOME
OVER EXPENDITURE |
CLOSING BALANCE
AS ON 31.03.2015 (In Million) |
|
1 |
Mr. Rajnikant Patel |
50% |
(1.318) |
0.000 |
0.063 |
(1.381) |
-- |
1.407 |
0.025 |
|
2 |
Mr. Munjal Dalal |
25% |
23.521 |
20.500 |
0.031 |
43.989 |
-- |
0.703 |
44.693 |
|
3 |
Mr. Vinodbhai Patel |
25% |
0.046 |
8.843 |
0.212 |
8.678 |
-- |
0.703 |
9.381 |
|
|
Total |
100% |
22.249 |
29.343 |
0.307 |
51.286 |
-- |
2.813 |
54.099 |
|
|
Previous Year |
|
|
35.455 |
13.570 |
21.885 |
-- |
0.364 |
22.249 |
FINANCIAL DATA
[all figures are
in Rupees Million]
Note : Sole Proprietary and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
1] Share Capital |
54.099 |
22.249 |
|
|
2] Share Application Money |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
|
|
NETWORTH |
54.099 |
22.249 |
|
|
LOAN FUNDS |
|
|
|
|
1] Secured Loans |
24.087 |
0.000 |
|
|
2] Unsecured Loans |
18.763 |
11.352 |
|
|
TOTAL BORROWING |
42.850 |
11.352 |
|
|
|
|
|
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL |
96.949 |
33.601 |
|
|
|
|
|
|
|
APPLICATION OF
FUNDS |
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
28.041 |
0.031 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
Inventories |
2.308
|
0.000 |
|
|
Sundry Debtors |
26.794
|
2.275 |
|
|
Cash & Bank Balances |
32.991
|
13.308 |
|
|
Other Current Assets |
5.646
|
0.812 |
|
|
Loans & Advances |
43.716
|
38.279 |
|
TOTAL
CURRENT ASSETS |
111.455
|
54.674 |
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
Sundry Creditors |
|
|
|
|
Other Current Liabilities |
|
|
|
|
Provisions |
|
|
|
TOTAL
CURRENT LIABILITIES |
42.547
|
21.104 |
|
|
Net Current Assets |
68.908
|
33.570 |
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL |
96.949 |
33.601 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
Income |
1224.209 |
106.584 |
|
|
Other Income |
22.200 |
0.964 |
|
|
TOTAL |
1246.409 |
107.548 |
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
Cost of Materials
Consumed |
1158.924 |
101.485 |
|
|
Direct Expenses |
14.216 |
3.623 |
|
|
Employee Emoluments |
6.753 |
0.091 |
|
|
Administrative Expenses |
33.691 |
0.926 |
|
|
Prior Period |
0.004 |
0.000 |
|
|
Partners Salary and
Interest |
1.800 |
0.000 |
|
|
TOTAL |
1215.388 |
106.125 |
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
31.021 |
1.423 |
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
26.502 |
1.055 |
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
4.519 |
0.368 |
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.306 |
0.004 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
4.213 |
0.364 |
|
|
|
|
|
|
Less |
TAX |
1.400 |
0.000 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
2.813 |
0.364 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.23 |
0.34 |
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
2.53 |
1.34 |
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.35 |
1.08 |
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.02 |
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.79 |
0.51 |
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.00 |
0.00 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Capital Account |
22.249 |
54.099 |
|
Reserves & Surplus |
0.000 |
0.000 |
|
Net
worth |
22.249 |
54.099 |
|
|
|
|
|
Secured Loans |
0.000 |
24.087 |
|
Unsecured Loans |
11.352 |
18.763 |
|
Total
borrowings |
11.352 |
42.850 |
|
Debt/Equity
ratio |
0.510 |
0.792 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
|
|
Rs.
In Million |
Rs.
In Million |
|
Sales |
106.584 |
1224.209 |
|
|
-- |
1,048.586 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
|
|
Rs.
In Million |
Rs.
In Million |
|
Sales
|
106.584 |
1224.209 |
|
Profit |
0.364 |
2.813 |
|
|
0.34% |
0.23% |
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 |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
---- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
No |
|
31 |
External Agency Rating, if available |
Yes |
|
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 |
TRADE REFERENCES (LOCAL):
- Milan Ginning Pressing Private Limited, NH-8A, Near Saffron Hotel, Limidi
- Vaibhav Axmi Export Private Limited, Nani Kadi, Mehsana
- Daimod Textile Mills Limited, Rajvi Arcade, Drive In Road, Ahmedabad,
- Dhanya Agro Industrial Private Limited, Bagalore
UNSECURED LOANS
|
Particulars |
31.03.2015 (Rs.
in Million) |
31.03.2014 (Rs.
in Million) |
|
From Partner and Relatives |
0.000 |
0.000 |
|
From Others |
18.763 |
11.352 |
|
Total |
18.763 |
11.352 |
FIXED ASSTES:
- Nissan
Terrano
- Honda Active
- Office
- Furniture
- Water
Purifier
- Computer
- Air Condition
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 records 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 records 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.65.98 |
|
UK Pound |
1 |
Rs.100.11 |
|
Euro |
1 |
Rs.70.35 |
INFORMATION DETAILS
|
Information Gathered
by : |
DIP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.