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Report No. : |
343792 |
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Report Date : |
06.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
LUCKNOW METRO RAIL CORPORATION LIMITED |
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Registered
Office : |
Administrative Building, Vipin Khand, Gomti Nagar, Near Dr. Bhimrao Ambedkar
Samajik, Parivartan Sthal, Lucknow – 226010, Uttar Pradesh |
|
Tel. No.: |
91-522-2304014 |
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Country : |
India |
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Financials (as
on) : |
Not Available |
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Date of
Incorporation : |
25.11.2013 |
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Com. Reg. No.: |
20-060836 |
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Capital
Investment / Paid-up Capital : |
Rs.700.500 Million |
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CIN No.: [Company Identification
No.] |
U60300UP2013SGC060836 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Lucknow Metro Rail Projects is an integrated mass public transport
system that meets the mobility and accessibility needs of people of Lucknow |
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No. of Employees
: |
Information declined by the management |
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 |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Lucknow Metro Rail Corporation
Limited is a Special Purpose Vehicle (SPV) incorporated in November 2013
under Companies act 1956. It is having satisfactory track. Subject is jointly owned by
State Government and Government of India. Its authorized share capital is Rs.
20.000 million and its paid up capital is Rs. 700.500 million. Lucknow Metro Rail Projects is
an integrated mass public transport system that meets the mobility and
accessibility needs of people of Lucknow. Management of the company has not
filed its financials with the government department and also denied to part
any information about the company. The company’s project is under
construction. Construction on the first phase began on 27 September 2014.The
metro project is most expensive public transport system in the state of Uttar
Pradesh, costing Rs 12500 crore (US$2 billion) in phase 1 of construction
which is expected to be operational in 2018.Phase 2 will be started in 2018. Payments are reported as slow. In view of strong government support, the company can be
considered 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 |
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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 |
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 DENIED BY
|
Name : |
Not Divulged |
|
Designation : |
Accounts Department |
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Contact No.: |
91-522-2304014 |
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Date : |
05.10.2015 |
LOCATIONS
|
Registered Office : |
Administrative Building, Vipin Khand, Gomti Nagar, Near Dr. Bhimrao
Ambedkar Samajik, Parivartan Sthal, Lucknow – 226010, Uttar Pradesh, India |
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Tel. No.: |
91-522-2304014 |
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Fax No.: |
91-522-2304013 |
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E-Mail : |
DIRECTORS
|
Name : |
Mr. Alok Ranjan |
|
Designation : |
Managing Director |
|
Address : |
A-5, Metro Enclave, 41, Press Enclave Road, Pushp Vihar, Delhi -
110017, India |
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Date of Appointment : |
18.08.2014 |
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DIN No.: |
02908695 |
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|
Name : |
Mr. Alok Ranjan |
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Designation : |
Nominee Director |
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Address : |
B-1/83, Vivek Khand, Gomti Nagar, Lucknow - 226001, Uttar Pradesh,
India |
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Date of Appointment : |
31.05.2015 |
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DIN No.: |
02530138 |
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|
Name : |
Mr. Sada Kant |
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Designation : |
Director |
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Address : |
5, Gautam Palli, Lucknow - 226001, Uttar Pradesh, India |
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Date of Birth/Age : |
05.01.1958 |
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Date of Appointment : |
25.11.2013 |
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DIN No.: |
05184510 |
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Name : |
Mr. Mukesh Mittal |
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Designation : |
Director |
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Address : |
B2-77/F, Sry, Lucknow - 226021, Uttar Pradesh, India |
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Date of Birth/Age : |
05.01.1955 |
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Date of Appointment : |
25.11.2013 |
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DIN No.: |
06452466 |
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Name : |
Mr. Mahendra Kumar |
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Designation : |
Whole-time Director |
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Address : |
422/1, Forest Lahe, Neb Sarai Extension, New Delhi - 110068, India |
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Date of Appointment : |
26.09.2014 |
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DIN No.: |
07093637 |
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Name : |
Mr. Daljeet Singh |
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Designation : |
Whole-time Director |
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Address : |
Lucknow Metro Rail Corporation Limited, Janpath Market, Hazratganj,
Lucknow - 226001, Uttar Pradesh, India |
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Date of Appointment : |
26.09.2014 |
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DIN No.: |
07093646 |
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Name : |
Mr. Ajai Kant Rastogi |
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Designation : |
Whole-time Director |
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Address : |
C-177-1 RDSO Colony, Manak Nagar, Lucknow - 226011, Uttar Pradesh,
India |
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Date of Appointment : |
11.03.2015 |
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DIN No.: |
07228424 |
KEY EXECUTIVES
|
Name : |
Pushpa Sushil Bellani |
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Designation : |
Secretary |
|
Address : |
901, 9th Floor, T-10, Parsnath Planet, Vibhuti Khand, Gomti Nagar,
Lucknow - 226010, Uttar Pradesh, India |
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Date of Appointment : |
29.07.2015 |
|
PAN No.: |
AHTPP6098B |
MAJOR SHAREHOLDERS
SHAREHOLDERS DETAILS FILE ATTACHED
BUSINESS DETAILS
|
Line of Business : |
Lucknow Metro Rail Projects is an integrated mass public
transport system that meets the mobility and accessibility needs of people of
Lucknow |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Auditors : |
Not Divulged |
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
Authorised Capital: Rs.20000.000 Million
Issued, Subscribed & Paid-up Capital: Rs.700.500
Million
FINANCIAL DATA
[all figures are
in Rupees Million]
NEW BUSINESS
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 |
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4 |
Premises details |
No |
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5 |
Buyer visit details |
-- |
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6 |
Contact numbers |
Yes |
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7 |
Name of the person contacted |
No |
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8 |
Designation of contact person |
Yes |
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9 |
Promoter’s background |
Yes |
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10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
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11 |
Pan Card No. of Proprietor / Partners |
No |
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12 |
Voter Id Card No. of Proprietor / Partners |
No |
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13 |
Type of business |
Yes |
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14 |
Line of Business |
Yes |
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15 |
Export/import details (if applicable) |
No |
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16 |
No. of employees |
No |
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17 |
Details of sister concerns |
No |
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18 |
Major suppliers |
No |
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19 |
Major customers |
No |
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20 |
Banking Details |
No |
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21 |
Banking facility details |
No |
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22 |
Conduct of the banking account |
-- |
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23 |
Financials, if provided |
No |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
No |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NO CHARGES EXIST FOR COMPANY
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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 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.65.29 |
|
|
1 |
Rs.99.31 |
|
Euro |
1 |
Rs.73.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
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 |
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 |
|
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.