MIRA INFORM REPORT

 

 

Report No. :

352793

Report Date :

30.11.2015

 

IDENTIFICATION DETAILS

 

Name :

SEAL FOR LIFE INDUSTRIES BVBA

 

 

Registered Office :

Nijverheidsstraat 13, 2260 Westerlo

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

03.02.2006

 

 

Com. Reg. No.:

879163161

 

 

Legal Form :

Private limited liability company

 

 

Line of Business :

Wholesale of chemical products for industrial use

 

 

No. of Employees :

29

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

Slow but correct

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Belgium

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

BELGIUM - ECONOMIC OVERVIEW

 

This modern, open, and private-enterprise-based economy has capitalized on its central geographic location, highly developed transport network, and diversified industrial and commercial base. Industry is concentrated mainly in the more heavily-populated region of Flanders in the north. With few natural resources, Belgium imports substantial quantities of raw materials and exports a large volume of manufactures, making its economy vulnerable to shifts in foreign demand, particularly in Belgium’s EU trade partners. Roughly three-quarters of Belgium's trade is with other EU countries. In 2014 Belgian GDP grew by 0.9%, the unemployment rate stabilized at 8.5%, and the budget deficit was 3.2% of GDP. Prime Minister Charles MICHEL's center-right government has pledged to further reduce the deficit in response to EU pressure to reduce Belgium's high public debt, which remains above 100% of GDP, but such efforts could also dampen economic growth. In addition to restrained public spending, low wage growth and high unemployment promise to curtail a more robust recovery in private consumption. The government has pledged to pursue a reform program to improve Belgium’s competitiveness, including changes to tax policy, labor market rules, and welfare benefits. These changes risk worsening tensions with trade unions and triggering extended strikes.

 

Source : CIA

 


 

Company summary                        

 

Business  number

879163161

Branche  Unit  Number

2152467414

Company  name

SEAL  FOR  LIFE  INDUSTRIES  BVBA

Address

NIJVERHEIDSSTRAAT  13

 

2260 WESTERLO

Number  of  staff

29

Date  of  establishment

03/02/2006

Telephone  number

014722500

Fax  number

014722570

 

 

Commentary

 

The business was established over 9 years ago.

The business has 29 employees.

The business has been at the address for over 2 years.

Pre-tax profits decreased by 69% compared to the previous trading period.

 

ACCOUNTS

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2014

40,098,387

122,053

2,504,674

2,102,401

31/12/2013

43,811,017

405,133

2,382,623

1,833,987

31/12/2012

52,338,575

116,751

2,390,756

1,678,524

 

ACCOUNTS

                                                                                                                                          

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2014

14,314,812

29

3,045,150

266,359

31/12/2013

13,304,900

29

3,045,150

67,243

31/12/2012

16,754,702

30

3,045,150

-826,067

 

 

Payment expectations

 

Past  payments

 

Payment  expectation  days

79.15

Industry  average  payment expectation  days

80.12

Industry  average  day  sales outstanding

324.70

Day  sales  outstanding

59.41

 

 

 

 

COURT  DATA  SUMMARY

BANKRUPTCY  DETAILS

Court  action  type

no

 

 

Company information

 

Business  number

879163161

Company  name

SEAL  FOR  LIFE

 

 

 

INDUSTRIES  BVBA

Fax  number

014722570

Date  founded

03/02/2006

Company  status

active

Company  type

Private  limited  liability

 

 

 

company

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2014

Activity  code

46751

Liable  for  VAT

yes

Activity  description

Wholesale  of  chemical products  for  industrial  use

VAT  Number

BE.0879.163.161  Check  VAT number

Belgian  Bullettin  of  Acts Publications

moniteur  belge

 

 

 

 

Joint Industrial Committee  (JIC)   

 

JIC  Code

111

Description

JC  for  the  metal,  machinery  and  electrical  construction

category

 

                             

JIC  Code

209

Description

Joint  committee  for  the  employees  off  the  metal  industry

category

 

                             

Significant  Events

Event  Date

06/12/2013

Event  Description

authority  appointed

Event  Details

Commentaar  06-12-2013:  De  lastgeving  en  volmacht  die  aan  Luc  Geukens  toegekend  werd  wordt ingetrokken  en  dit  met  onmiddelijk  ingang.  Volmacht  wordt  verleend  aan  Katrien  Boonen  : ondertekenen  van  de  dagelijkse  briefwisseling.

 

 

Company accounts

 

Assets

 

Annual  accounts

31-12-2014

%

31-12-2013

%

31-12-2012

%

31-12-2011

%

31-12-2010

Weeks

52

 

52

 

52

 

52

 

52

Currency

EUR

 

EUR

 

EUR

 

EUR

 

EUR

Total  fixed  assets

403,293

-26.63

549,656

-23.16

715,371

15.17

621,147

21.35

511,874

Intangible  fixed  assets

0

-

0

-

0

-

0

-100

3,782

Tangible  fixed  assets

402,143

-26.68

548,506

-10.95

615,946

21.31

507,725

18.58

428,161

Land  &  building

0

-

0

-

0

-

0

-

0

Plant  &  machinery

388,063

-25.76

522,705

-11.61

591,374

27.74

462,951

23.87

373,738

Furniture  &  Vehicles

12,556

-43.64

22,280

65.73

13,444

-28.11

18,700

82.24

10,261

Leasing  &  Other  Similar  Rights

0

-

0

-

0

-

0

-

0

Other  tangible  assets

1,524

-56.72

3,521

-68.36

11,127

-57.32

26,074

-40.96

44,162

Financial  fixed  assets

1,150

0

1,150

-98.84

99,425

-12.34

113,422

41.90

79,931

Total  current  assets

13,911,519

9.07

12,755,244

-20.48

16,039,331

3.09

15,559,202

6.04

14,672,309

Inventories

5,758,952

0.61

5,723,810

-17.28

6,919,377

28.52

5,384,008

-10.32

6,003,621

Raw  materials  &  consumables

663,566

17.70

563,775

-45.22

1,029,253

81.85

565,974

-20.01

707,537

Work  in  progress

151,372

-55.68

341,578

-7.13

367,793

123

164,596

-26.38

223,572

Finished  goods

4,944,015

2.61

4,818,457

-12.75

5,522,331

18.67

4,653,438

-8.26

5,072,512

Other  stocks

0

-

0

-

0

-

0

-

0

Trade  debtors

6,526,311

22.09

5,345,702

-30.00

7,636,700

-15.76

9,065,496

30.81

6,930,253

Other  amounts  receivable

53,615

-53.73

115,871

272

31,104

-66.06

91,651

-79.79

453,402

Cash

1,258,553

5.04

1,198,194

-11.32

1,351,116

39.99

965,119

-20.95

1,220,936

Miscellaneous  current  assets

314,089

-15.49

371,667

267

101,034

90.89

52,928

-17.43

64,097

Total  Assets

14,314,812

7.59

13,304,900

-20.59

16,754,702

3.55

16,180,349

6.56

15,184,183

                                                                                                                                                     

Liabilities

 

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

2,504,674

5.12

2,382,623

-0.34

2,390,756

-28.63

3,349,665

0

3,349,665

Issued  share  capital

3,045,150

0

3,045,150

0

3,045,150

0

3,045,150

0

3,045,150

Share  premium  account

0

-

0

-

0

-

0

-

0

Revaluation  reserve

0

-

0

-

0

-

0

-

0

Reserves

-540,476

81.58

-662,527

-1.24

-654,394

-314

304,515

0

304,515

Provisions  for  Liabilities  & Charges

1,020

0

1,020

-67.51

3,139

-61.83

8,225

-43.92

14,666

Deffered  taxes

0

-

0

-

0

-

0

-

0

Creditors

11,809,118

8.13

10,921,257

-23.95

14,360,807

12.00

12,822,459

8.48

11,819,852

Other  long  term  loans

0

-

0

-

0

-

0

-

0

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

1,020

0

1,020

-67.51

3,139

-61.83

8,225

-43.92

14,666

Current  portion  of  long  term  debt

0

-

0

-

0

-

0

-

0

Financial  debts

2,530,000

-28.73

3,550,000

-11.25

4,000,000

300

1,000,000

-55.56

2,250,000

Trade  creditors

8,524,574

25.34

6,801,120

-26.86

9,298,456

2.79

9,045,802

32.28

6,838,499

Amounts  Payable  for  Taxes, Remuneration  &  Social  Security

565,593

-0.79

570,083

-30.68

822,339

-40.92

1,391,906

18.94

1,170,276

                                                                                                                                                       

Miscellaneous  current  liabilities

188,952

343137

55

-99

240,012

-82.67

1,384,751

-11.30

1,561,077

Total  current  liabilities

11,809,118

8.13

10,921,257

-23.95

14,360,807

12.00

12,822,459

8.48

11,819,852

Total  Liabilities

14,314,812

7.59

13,304,900

-20.59

16,754,702

3.55

16,180,349

6.56

15,184,183

 

 

RATIO  ANALYSIS

 

 

 

 

 

 

 

 

 

 

TRADING  PERFORMANCE

Profit  Before  Tax

0.30

-67.39

0.92

318

0.22

-68.57

0.70

-75.95

2.91

Return  on  capital  employed

4.87

-71.35

17.00

248

4.88

-59.03

11.91

-72.09

42.67

Return  on  total  assets  employed

0.85

-72.04

3.04

334

0.70

-71.66

2.47

-73.86

9.45

Return  on  net  assets  employed

4.87

-71.35

17.00

248

4.88

-59.13

11.94

-72.14

42.86

Sales  /  net  working  capital

19.07

-20.18

23.89

-23.38

31.18

49.40

20.87

20.57

17.31

Stock  turnover  ratio

14.36

9.95

13.06

-1.21

13.22

40.19

9.43

-22.45

12.16

Creditor  days

79.15

36.68

57.91

-11.79

65.65

12.09

58.57

12.01

52.29

Debtor  days

59.41

33.39

44.54

-16.37

53.26

-8.06

57.93

13.08

51.23

SHORT  TERM  STABILITY

Current  ratio

1.18

0.85

1.17

4.46

1.12

-7.44

1.21

-2.42

1.24

Liquidity  ratio  /  acid  ratio

0.69

7.81

0.64

0

0.64

-18.99

0.79

8.22

0.73

Current  debt  ratio

4.71

2.84

4.58

-23.79

6.01

56.92

3.83

8.50

3.53

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cashflow

266,359

296

67,243

8.14

-826,067

-264

501,696

-58.04

1,195,775

Net  worth

2,504,674

5.12

2,382,623

-0.34

2,390,756

-28.63

3,349,665

0.11

3,345,883

LONG  TERM  STABILITY

Gearing

101.01

-32.21

149.00

-10.94

167.31

460

29.85

-55.56

67.17

Equity  in  percentage

17.50

-2.29

17.91

25.51

14.27

-31.06

20.70

-6.21

22.07

Total  debt  ratio

4.72

3.06

4.58

-23.79

6.01

56.92

3.83

8.50

3.53

Working  capital

2,102,401

14.64

1,833,987

9.26

1,678,524

-38.67

2,736,743

-4.06

2,852,457

                                                                                                           

Profit  &  loss

 

Operating  Income

41,607,934

-7.81

45,131,925

-16.98

54,365,003

-6.08

57,883,597

15.14

50,271,038

Turnover

40,098,387

-8.47

43,811,017

-16.29

52,338,575

-8.38

57,123,582

15.68

49,380,469

Total  operating  expenses

39,313,117

-8.29

42,868,099

-17.08

51,696,881

-8.30

56,374,285

18.10

47,732,484

Gross  Operating  Margin

-

-

-

-

-

-

-

-

-

Operating  Charges

40,822,664

-7.62

44,189,007

-17.75

53,723,309

-5.97

57,134,300

17.50

48,623,053

Employee  costs

3,643,455

-11.22

4,104,110

-23.76

5,382,881

23.58

4,355,653

-5.67

4,617,249

Wages  and  salary

2,813,733

-9.20

3,098,734

-26.34

4,206,905

32.71

3,169,997

-6.78

3,400,472

Employee  pension  costs

-

-

1,995

-60.78

5,085

-15.09

5,989

-32.46

8,867

Social  security  contributions

623,888

-19.18

771,954

-9.98

857,518

4.30

822,151

3.95

790,915

Other  employee  costs

205,835

-11.06

231,427

-26.15

313,373

-12.35

357,517

-14.26

416,995

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

144,308

91.45

75,376

-43.26

132,842

-21.72

169,702

-39.60

280,955

Operating  result

785,270

-16.72

942,918

46.94

641,694

-14.36

749,297

-54.53

1,647,985

Total  financial  income

811,230

23.56

656,540

-4.04

684,203

-27.29

940,957

-45.43

1,724,220

Total  financial  expenses

1,474,447

23.45

1,194,325

-1.23

1,209,146

-6.29

1,290,352

-33.37

1,936,658

Results  on  ordinary  operations before  taxation

122,053

-69.87

405,133

247

116,751

-70.81

399,902

-72.14

1,435,547

Extraordinary  Income

-

-

-

-

-

-

123,208

-

-

Extraordinary  Charges

-

-

412,441

-61.66

1,075,754

-

-

-

8,344

Extraordinary  items

-

-

-412,441

38.34

-1,075,754

-973

123,208

1476

-8,344

Results  for  the  Year  Before Taxation

122,053

1670

-7,308

0.76

-959,003

-283

523,110

-63.35

1,427,203

Other  appropriations

-

-

-

-

-

-

-

-

-

Taxation

3

-99

825

884

-93

-100

191,116

-62.70

512,383

Results  on  ordinary  operations after  taxation

122,051

-69.81

404,309

246

116,844

-44.04

208,786

-77.38

923,164

Net  result

122,051

1500

-8,133

0.85

-958,909

-388

331,994

-63.71

914,820

Profit  (Loss)  for  the  Year  to  be appropriated

122,051

1500

-8,133

0.85

-958,909

-388

331,994

-63.71

914,820

Dividends

-

-

-

-

-

-

331,994

-63.71

914,820

 

                                                                                                               

Social Balance Sheet Details

                                                                                                                                                           

Social  Balance  Sheet

 

Total

During  the  reporting  year ended  31-12-2014

 

 

 

Full-time  Employees

24

Part-time  Employees

7

Total  Fte  Employees

29

Number  of  hours  worked

 

Full-time  Employees

37,523

Part-time  Employees

7,090

Total

44,613

Personnel  Charges

 

Full-time  Employees

3,064,429

Part-time  Employees

579,026

Total

3,643,455

Benefits  In  Addition  To  Wages

-

During  the  previous  reporting  year

 

Average  number  employees  in  Fte

30

Actual  working  hours

47,090

Personnel  Charges

4,102,116

Benefits  In  Addition  To  Wages

-

                                                                                                                                                                       

Type  of  Contract

Full-Time

Part-Time

Total  Fte

Unlimited  Duration Contracts

23

7

28

Limited  Duration  Contracts

-

-

-

Contracts  For  Specific  Work

-

-

-

Contracts  Regarding Substitution

-

-

-

 

 

Gender and Education

 

Men

Full-Time

Part-Time

Total  Fte

Primary  education

2

2

4

Secondairy  education

2

-

2

Higher  education  (non university)

4

1

5

Higher  education (university)

4

-

4

 

 

 

 

Women

Full-Time

Part-Time

Total  Fte

Primary  education

-

1

1

Secondairy  education

1

-

1

Higher  education  (non university)

7

3

9

Higher  education (university)

3

-

3

 

 

Working  Category

Full-Time

Part-Time

Total  Fte

Management

-

-

-

White  collar  worker

18

4

21

Blue  collar  worker

5

3

7

Other

-

-

-

 

                                                                                                                    

Temporary  personnel

Total

Average  number  of  temporary  staff

1

Actual  working  hours

2,170

Cost  of  temporary  staff

89,030

                                                          

                                                                           

New  staff  and  leavers

Full-Time

Part-Time

Total  Fte

New  Starters

1

-

1

Leavers

1

1

2

 

 

Total  of  formal  continuing  vocational  training  initiatives for  workers  paid  by  the  employer

Male

Female

Number  of  employees

7

11

Number  of  training  hours

98

81

Net  costs  for  enterprise

13,584

10,747

 

 

 

Total  of  less  formal  and  informal  continuing  vocational training  initiatives  for  workers  paid  by  the  employer

Male

Female

Number  of  employees

11

14

Number  of  training  hours

260

493

Net  costs  for  enterprise

750

750

 

 

 

Total  of  initial  training  initiatives  at  the  expense  of  the employer

Male

Female

Number  of  employees

-

-

Number  of  training  hours

-

-

Net  costs  for  enterprise

-

-

 

 

Industry comparison

 

Activity  code

46751

Activity  description

Wholesale  of  chemical  products  for  industrial  use

industry  average  credit rating

72.63

Industry  average  credit  limit

209636.26

 

 

Payment Information

 

Payment  Information  Summary

 

 

Total  number  of  Invoices  available

8

Total  number  of  Invoices  paid  within  or  up  to  30  days  after  the  due  date

8

Total  number  of  Invoices  paid  more  than  30  days  after  the  due  date

0

Total  number  of  Invoices  currently  outstanding  where  the  due  date  has  not  yet  been  reached

0

Total  number  of  Invoices  currently  outstanding  beyond  the  due  date

0

 

                                          

Payment expectations

 

Payment  expectation  days

79.15

Day  sales  outstanding

59.41

 

 

Industry comparison

 

Activity  code

46751

Activity  description

Wholesale  of  chemical  products  for  industrial  use

Industry  average  payment expectation  days

80.12

Industry  average  day  sales outstanding

324.70

 

 

Industry quartile analysis

 

Payment  expectations

 

Company  result

79.15

Lower

72.82

Median

42.61

Upper

24.25

 

 

Day sales outstanding

 

Company  result

59.41

Lower

100.31

Median

65.45

Upper

43.60

 

 

Group Structure

 

No group  structure  for  this  company.

 

                                                                                                                                                    

Minority Shareholders

                                                                                                                                                      

BUSINESS NUMBER

COMPANY  NAME

DATE  OF ACCOUNTS

 

 

 

-

BERRY  PLASTICS  ACQUISITION

-

 

CORPORATION  V

 

-

BERRY  PLASTICS  CORP

-

                                                                                                                                                      

Minority Interests

                                                                                                                                                     

No minority interests found

                                                                                                                                                     

Companies that match  this  address 

                                                                                                                                 

BUSINESS  NUMBER

COMPANY  NAME

DATE  OF  ACCOUNTS

463151343

LOAD  -  LOK  BELGIUM  EBVBA

31/12/2014

562905648

IIP6  DEVELOPMENT  BVBA

 

819522217

QUAEST  FIDUCIAIRE  KEMPEN  BV  BVBA

31/12/2014

403210885

BAUMER  SA

30/09/2014

537886675

KISSY  VAN  DEN  PLAS  BVBA

31/12/2014

848142561

THYLD  NV

31/12/2014

462713952

MINDSTONE  NV

30/06/2014

876306809

EUROLUTIONS  NV

31/12/2014

546963796

CONSILIO  INVESTMENTS  BVBA

 

435814268

T.V.T.  NV

30/06/2013

505738501

FOODDESK  BV  BVBA

 

834551871

SELENRO  GROUP  BVBA

31/12/2014

536832246

CONSULTINGBUREAU  DANIËLS  RUIMTELIJKE  ORDENING  BVBA

31/12/2014

553960565

KOEKOEKSHOF  BVBA

-

568721787

RUGBYCLUB  DE  KEMPHANEN  VZW

-

895448174

GATO  GROUP  NV

31/12/2014

846606201

VLARET  NV

31/12/2014

445983036

JOHNSON  CONTROLS  AUTOBATTERIE  NV

30/09/2014

838576480

ALLPHI  NV

31/12/2014

430266561

LOPAR  NV

31/12/2014

546824632

EXPERIENCE  2  BUILD  BVBA

-

627724513

APOLLO  LIER  NV

-

635920419

ESCULENT

-

641697263

MONATH  NV

-

637866951

CLT-S  NV

-

 

Linked Companies

 

Summary

 

Group  -  Number  of  Companies

0

Linkages  -  Number  of  Companies

0

Number  of  Countries

0

 

Summons

 

There is no data for this company

 

Protested Bills

 

There is no data for this company

 

Bankruptcy and other legal events

 

There is no data for this company

 

 

Director details

 

CURRENT DIRECTOR DETAILS

 

Position

Manager

Start  Date

15/06/2012

Street

 

Post  code

 

Country

The  Netherlands

 

 

Name

JAN  DODDEMA

Name

Dirk  Totté

Position

Manager

Start  Date

27/02/2006

Street

14 TARWELAAN  LIER

Post  code

2500

Country

Belgium

 

 

FORMER DIRECTOR DETAILS

 

Name

MICHAEL  JUPITER

Position

Manager

Start  Date

03/02/2006

End  Date

27/02/2006

Street

 

Post Code

 

Country

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.81

UK Pound

1

Rs.100.37

Euro

1

Rs.70.68

EUR

1

Rs.70.53

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

TRI

 

 

Report Prepared by :

SNT

 


               

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.