|
|
|
MIRA INFORM REPORT
|
Report No. : |
489958 |
|
Report Date : |
05.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
PHILI-ORIENT LOGISTICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Rangoli Complex, 106, 1st Floor, Near Sahar Air Cargo Complex,
Sahar Road, Andheri East, Mumbai – 400099, Maharashtra |
|
Mobile No.: |
91-8108600433 (Mr. Prem Kumar Jaiswal) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
27.04.2016 |
|
|
|
|
Com. Reg. No.: |
11-280287 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 6.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U62200MH2016PTC280287 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GSTIN/UIN: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICP5814C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the
business of freight forwarding and allied services. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 36000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2016. It is engaged in the
business of freight forwarding and allied services. For the financial year ended 2017, the company has earned sales
turnover of INR 53.300 million and has reported a fair profitability margin
of 12.93%. The overall financial position of the company seems to be satisfactory
marked by average net worth base along with debt free balance sheet profile. Business is active. Payment terms are slow but correct. In view of aforesaid, the company can be considered 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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 05.02.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Mr. Prem Kumar Jaiswal |
|
Designation : |
Finance Department |
|
Contact No.: |
91-8108600433 |
|
Date : |
03.02.2018 |
Management Non-Cooperative (91-22-26829305)
91-9108026405- Switch off
LOCATIONS
|
Registered Office : |
Rangoli Complex, 106, 1st Floor, Near Sahar Air Cargo
Complex, Sahar Road, Andheri East, Mumbai – 400099, Maharashtra, India |
|
Tel. No.: |
91-22-26829305 |
|
Mobile No.: |
91-8108600433 (Mr. Prem Kumar Jaiswal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate office: |
2nd Floor, No. 342/1, Konena Agrahara, Behind State Bank
of India Air Cargo Branch, Vamanapura Post - Bangalore - 560 017, Karnataka,
India |
|
Tel. No.: |
91-80-4149 4200 |
|
|
|
Chennai
Office:
|
Unit No. 3 E, New Door Nos. 43 and 44 / Old Nos. 96 and 97, 11th Avenue, Ashok Nagar, Chennai–600 083, Tamilnadu, India |
|
Tel. No.: |
91-44-48602099 |
|
|
|
Head
Office:
|
No.316-F Wisma Phili-Orient, Jalan Dato’ Ismail Hashim, Sungai
Ara, 11900 Bayan Lepas, Penang, Malaysia |
|
|
|
Kuala
Lumpur Office:
|
E-3-05, Oasis Square, No.2, Jalan PJU 1A/7A, Ara
Damansara, 47031 Petaling Jaya, Selangor, Malaysia |
|
|
|
Bukit
Minyak Warehouse:
|
Lot 1051, Lengkok Perindustrian Bukit Minyak 3, Taman
Perindustrian Bukit Minyak, 14100 Simpang Ampat |
|
|
|
KLIA
Warehouse:
|
Malaysia Airlines Freight Forwarders Complex, Lot D20,
Block D, Free Commercial Zone, KLIA Cargo Village, KLIA, 64000 Sepang, Selangor,
Malaysia |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Prashanth Gangadharan Nair |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
1002 - B Wing, Dheeraj Ganga SRA CHS, Chincholi Bunder
Road, Malad West Mumbai - 400064, Maharashtra, India |
||||||||||||||||||||
|
Date of Appointment : |
27.04.2016 |
||||||||||||||||||||
|
DIN No.: |
00409809 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Fairoz Ahmed Jameel |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
No 560 KV/2 Kushalnagar J B Chemical Factory, 1st Floor,
Bangalore- 560045, Karnataka, India |
||||||||||||||||||||
|
Date of Appointment : |
26.07.2016 |
||||||||||||||||||||
|
DIN No.: |
07449730 |
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Jaishanker Veloo Thambiah |
||||||||||||||||||||
|
Designation : |
Nominee Director |
||||||||||||||||||||
|
Address : |
15 Ltg Pantai Jerjak, 5 SG Nibong Bayan Lepas Pulau Pinang
Pulau 11900 Malaysia |
||||||||||||||||||||
|
Date of Appointment : |
26.07.2016 |
||||||||||||||||||||
|
DIN No.: |
07479383 |
||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Prem Kumar Jaiswal |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Prashanth Gangadharan Nair |
78000 |
13.00 |
|
Kabir Seth |
120000 |
20.00 |
|
Fairoz Ahmed Jameel |
108000 |
18.00 |
|
Phili-Orient Airfreight (PG) SDN, BHD. (Represented by
Jaishanker Veloo Thambiah) |
294000 |
49.00 |
|
Total |
600000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 03.08.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
51.00 |
|
Promoters- Body corporate |
49.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in
the business of freight forwarding and allied services. [Registered Activity] |
||||
|
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|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
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Agencies Held : |
Not Available |
||||
|
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|
||||
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Exports : |
Not Divulged |
||||
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|
||||
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Imports : |
Not Divulged |
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|
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||||
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
|
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||||||||||||||||||||||
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No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Ashish Kamath Chartered Accountants |
|
Address : |
Tower 3, 601, Rustomjee Ozone, Goregaon West, Mumbai – 400067,
Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAEPK7169C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Related party : |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750,000 |
Equity Shares |
INR 10/- each |
INR 7.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600,000 |
Equity Shares |
INR 10/- each |
INR 6.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
27.04.2016 to 31.03.2017 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
6.000 |
|
(b) Reserves & Surplus |
|
|
6.895 |
|
(c) Money received
against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
|
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
|
12.895 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
0.000 |
|
(b) Deferred tax
liabilities (Net) |
|
|
0.000 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
0.000 |
|
Total Non-current
Liabilities (3) |
|
|
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
0.000 |
|
(b) Trade payables |
|
|
3.141 |
|
(c) Other current
liabilities |
|
|
0.251 |
|
(d) Short-term provisions |
|
|
4.348 |
|
Total Current Liabilities
(4) |
|
|
7.740 |
|
|
|
|
|
|
TOTAL |
|
|
20.635 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
3.254 |
|
(ii) Intangible Assets |
|
|
0.000 |
|
(iii) Capital
work-in-progress |
|
|
0.000 |
|
(iv) Intangible assets
under development |
|
|
0.000 |
|
(b) Non-current
Investments |
|
|
0.000 |
|
(c) Deferred tax assets
(net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
2.939 |
|
(e) Other Non-current
assets |
|
|
0.000 |
|
Total Non-Current Assets |
|
|
6.193 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
0.000 |
|
(c) Trade receivables |
|
|
6.773 |
|
(d) Cash and cash
equivalents |
|
|
7.029 |
|
(e) Short-term loans and
advances |
|
|
0.436 |
|
(f) Other current assets |
|
|
0.204 |
|
Total Current Assets |
|
|
14.442 |
|
|
|
|
|
|
TOTAL |
|
|
20.635 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2017 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
53.314 |
|
|
Other Income |
|
|
0.086 |
|
|
TOTAL |
|
|
53.400 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Direct Costs |
|
|
31.579 |
|
|
Purchases of
Stock-in-Trade |
|
|
0.000 |
|
|
Employees benefits
expense |
|
|
5.468 |
|
|
Other expenses |
|
|
4.315 |
|
|
Preliminary expenses
Written off |
|
|
0.036 |
|
|
TOTAL |
|
|
41.398 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
|
12.002 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
|
12.002 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.808 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
|
11.194 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
4.299 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
|
6.895 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Income from services
rendered |
|
|
9.904 |
|
|
TOTAL EARNINGS |
|
|
9.904 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
11.49 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
|
|
27.04.2016 to 31.03.2017 |
|
Current Maturities of Long term debt |
|
|
NA |
|
Cash generated from operations |
|
|
9.384 |
|
Net cash flows from (used in) operations |
|
|
5.174 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
|
27.04.2016 to 31.03.2017 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
|
|
46.37 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
|
|
7.87 |
|
|
|
|
|
LEVERAGE RATIOS
|
PARTICULARS |
|
|
27.04.2016 to 31.03.2017 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
|
|
0.38 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
|
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
|
0.60 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
|
0.25 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
|
27.04.2016 to 31.03.2017 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
|
|
12.93 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
|
33.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
|
53.47 |
SOLVENCY RATIOS
|
PARTICULARS |
|
|
27.04.2016 to 31.03.2017 |
|
Current Ratio (Current
Assets / Current Liabilities) |
|
|
1.87 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
|
1.87 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
|
0.62 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
|
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
|
1.87 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
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 |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
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 about one year |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for about one year |
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGE: No Charges Exists for Company
NOTE: Registered office of the company has been
shifted from Unit No 52, Ground Floor, Adarsh Indl Estate, Sahar Road, Chakala,
Andheri (East), Mumbai – 400099, Maharashtra, India to the
present address w.e.f. 15.12.2017
FIXED ASSETS:
- Leasehold Improvement
- Computers
- Office Equipment
- Motor Car
- Furniture and Fixtures
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 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
|
INR |
|
US Dollar |
1 |
INR 64.08 |
|
|
1 |
INR 91.34 |
|
Euro |
1 |
INR 80.03 |
INFORMATION DETAILS
|
Information Gathered
by : |
SHL |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.