MIRA INFORM REPORT
|
Report No. : |
342944 |
|
Report Date : |
06.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHREE AUTOMOTIVE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
12B Raja Basanta Roy Road, Kolkata – 700026, West Bengal |
|
Tel. No.: |
91-33-22821349 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
08.02.2000 |
|
|
|
|
Com. Reg. No.: |
21-091083 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.180.097 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34103WB2000PTC091083 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALS11979C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECS6807Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of automobiles parts. |
|
|
|
|
No. of Employees
: |
600 (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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
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Litigation : |
Clear |
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|
Comments : |
Shree Automotive Private Limited (SAPL) belonging to the “Kedia Group” of companies was incorporated in February 2000 by one Shri Sharad Kedia. It is an ISO 9001:2008 certified company with its headquarters in Kolkata. The rating draw strength from the experience of the promoters, dealership of reputed OEM players and availability of diversified range of products and services in one location. Rating further takes into accounts on comfortable financial risk profile because of a moderate net worth, low gearing, and adequate debt protection metrics. The ratings is constrained by risks associated with the working capital intensive nature of business, fortunes linked with the cyclicality of automobile industry and pricing constraints arising out of competition. However, trade relations are fair. Business is active. Payment terms are reported to be usually correct. In a view aforesaid, the company can be considered normal for the business dealings at usual trade terms and conditions. |
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 |
BRICKWORK |
|
Rating |
Long term bank facilities= BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
January, 2015 |
|
Rating Agency Name |
BRICKWORK |
|
Rating |
Short term bank facilities= A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
January, 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
|
Name : |
Mr. Vishwas |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-33-22821349 |
|
Date : |
05.10.2015 |
LOCATIONS
|
Registered Office : |
12B Raja Basanta Roy Road, Kolkata – 700026, West Bengal, India |
|
Tel. No.: |
91-33-22821349 / 1350 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
10th Floor, Suite 8, Shantiniketan Building, Camac Street,
Kolkata – 700017, West Bengal, India |
|
|
|
|
Warehouse : |
N.H. 6, P O, Argora Jungalpur (Near Alampur), Howrah – 711302, West
Bengal, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Saurabh Kedia |
|
Designation : |
Director |
|
Address : |
4A, Shambhu Nath Pundit Street, Kolkata - 700020, West Bengal, India |
|
Date of Birth/Age : |
01.06.1980 |
|
Date of Appointment : |
07.03.2005 |
|
DIN No.: |
00182670 |
|
PAN No.: |
AJWPK7068F |
|
|
|
|
Name : |
Mr. Nathmal Kedia |
|
Designation : |
Director |
|
Address : |
4A, Shambhu Nath Pundit Street, Kolkata - 700020, West Bengal, India |
|
Date of Birth/Age : |
22.11.1925 |
|
Date of Appointment : |
08.02.2000 |
|
DIN No.: |
00182696 |
|
PAN No.: |
AESPK9434Q |
|
|
|
|
Name : |
Mrs. Sarita Kedia |
|
Designation : |
Director |
|
Address : |
4A, Shambhu Nath Pundit Street, Kolkata - 700020, West Bengal, India |
|
Date of Birth/Age : |
10.01.1960 |
|
Date of Appointment : |
02.04.2001 |
|
DIN No.: |
00182702 |
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PAN No.: |
ABVPK2373G |
|
|
|
|
Name : |
Mr. Sharad Kumar Kedia |
|
Designation : |
Director |
|
Address : |
4A, Shambhu Nath Pundit Street, Kolkata - 700020, West Bengal, India |
|
Date of Birth/Age : |
05.08.1955 |
|
Date of Appointment : |
08.02.2000 |
|
DIN No.: |
00182718 |
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PAN No.: |
AFYPK3679Q |
|
|
|
|
Name : |
Mr. Abhishek Kedia |
|
Designation : |
Director |
|
Address : |
4A, Shambhu Nath Pundit Street, Kolkata - 700020, West Bengal, India |
|
Date of Birth/Age : |
16.09.1988 |
|
Date of Appointment : |
16.05.2008 |
|
DIN No.: |
02154623 |
|
PAN No.: |
AUHPK9288M |
KEY EXECUTIVES
|
Name : |
Mr. Vishwas |
|
Designation : |
Accounts Head |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
34.51 |
|
Directors or relatives of Directors |
64.51 |
|
Other top fifty shareholders |
0.98 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of automobiles parts. |
|
|
|
|
Products : |
Automobiles Parts |
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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 : |
Cheque |
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Purchasing : |
Cheque |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
600 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
P. K. Dhelia and Company Chartered Accountants |
|
Address : |
310 Commercial Point, 79 Lenin Sarani, Kolkata, West Bengal, India |
|
PAN No.: |
AANFP8526B |
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|
|
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Memberships : |
Not Divulged |
|
|
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Collaborators : |
Not Divulged |
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|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital: Rs.250.000 million
Issued, Subscribed & Paid-up Capital: Rs.189.310
million
AS ON 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.100/- each |
Rs.250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1800974 |
Equity Shares |
Rs.100/- each |
Rs.180.097 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
180.097 |
162.097 |
113.987 |
|
(b) Reserves & Surplus |
119.648 |
95.531 |
62.537 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
69.735 |
80.190 |
42.600 |
|
Total
Shareholders’ Funds (1) + (2) |
369.480 |
337.818 |
219.124 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
190.349 |
204.560 |
131.076 |
|
(b) Deferred tax liabilities (Net) |
0.604 |
1.394 |
1.864 |
|
(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) |
190.953 |
205.954 |
132.940 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
619.848 |
589.122 |
342.435 |
|
(b) Trade
payables |
28.014 |
28.387 |
52.881 |
|
(c) Other
current liabilities |
35.248 |
33.327 |
28.575 |
|
(d) Short-term
provisions |
0.000 |
2.978 |
0.079 |
|
Total Current
Liabilities (4) |
683.110 |
653.814 |
423.970 |
|
|
|
|
|
|
TOTAL |
1243.543 |
1197.586 |
776.034 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
321.009 |
315.517 |
164.334 |
|
(ii) Intangible
Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
5.977 |
0.484 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.992 |
1.126 |
1.203 |
|
(e) Other
Non-current assets |
10.461 |
9.095 |
7.008 |
|
Total Non-Current
Assets |
338.439 |
326.222 |
172.545 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
678.162 |
594.001 |
432.122 |
|
(c) Trade
receivables |
206.815 |
258.314 |
146.205 |
|
(d) Cash
and cash equivalents |
10.079 |
10.837 |
17.680 |
|
(e)
Short-term loans and advances |
10.048 |
8.212 |
7.482 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
905.104 |
871.364 |
603.489 |
|
|
|
|
|
|
TOTAL |
1243.543 |
1197.586 |
776.034 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
TOTAL INCOME |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
29.037 |
29.907 |
14.305 |
|
|
|
|
|
|
|
Less |
TAX |
9.421 |
8.940 |
4.791 |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
19.616 |
20.967 |
9.514 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.89 |
-- |
-- |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
4000.000 |
The above information has been parted by Mr. Vishwas
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
35.247 |
33.327 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
84.609 |
(172.394) |
(28.631) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets) |
(%) |
2.35 |
2.50 |
1.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.09 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.29 |
2.45 |
2.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.32 |
1.33 |
1.42 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
113.987 |
162.097 |
180.097 |
|
Reserves & Surplus |
62.537 |
95.531 |
119.648 |
|
Share Application money pending
allotment |
42.600 |
80.190 |
69.735 |
|
Net
worth |
219.124 |
337.818 |
369.480 |
|
|
|
|
|
|
long-term borrowings |
131.076 |
204.560 |
190.349 |
|
Short term borrowings |
342.435 |
589.122 |
619.848 |
|
Current Maturities of Long term debt |
0.000 |
33.327 |
35.247 |
|
Total
borrowings |
473.511 |
827.009 |
845.444 |
|
Debt/Equity
ratio |
2.161 |
2.448 |
2.288 |
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 |
Yes |
|
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
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 one year |
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 |
Yes |
|
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 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10316684 |
13/08/2015 * |
115,838,000.00 |
KOTAK MAHINDRA BANK LIMITED |
THE
MILLENIUM, SHOP NO.6, GROUND FLOOR, 235/ 2 A, ACHARYA JAGDISH CHANDRA BOSE
ROAD, KOLKATA, WEST |
C64899131 |
|
2 |
10294008 |
06/09/2014 * |
62,500,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, JEEVANDEEP, 1,MIDDLETON STREET, JEEVANDEEP BUILDING, 2ND FLOOR, KOLKATA, WEST BENGAL - 700071, INDIA |
C23170426 |
|
3 |
90248876 |
17/08/2015 * |
805,500,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, JEEVANDEEP, 1,MIDDLETON STREET, JEEVANDEEP BUILDING, 2ND FLOOR, KOLKATA, WEST BENGAL - 700071, INDIA |
C63465215 |
|
4 |
90244895 |
28/02/2015 * |
895,500,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, JEEVANDEEP, 1,MIDDLETON STREET, JEEVANDEEP BUILDING, 2ND FLOOR, KOLKATA, WEST BENGAL - 700071, INDIA |
C46988820 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 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 : |
SPR |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
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 |
YES |
|
--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 |
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.