MIRA INFORM REPORT

 

 

Report No. :

490448

Report Date :

09.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

BVG SECURITY SERVICES PRIVATE LIMITED

 

 

Registered Office :

BVG House, Premier Plaza, Pune-Mumbai Road, Above ICICI Bank, Chinchwad, Pune – 411019, Maharashtra

Tel. No.:

91-20-27464220

 

 

Country :

India

 

 

Financials (as on) :

31.03.2016

 

 

Date of Incorporation :

12.12.2011

 

 

Com. Reg. No.:

11-141608

 

 

Capital Investment / Paid-up Capital :

INR 0.100 Million

 

 

CIN No.:

[Company Identification No.]

U74900PN2011PTC141608

 

 

IEC No.:

Not Applicable (As informed by the management that firm does not have export and import)

 

 

GSTIN:

27AAECB8061D1ZU

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAECB8061D

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :
  • Providing Private Security (Activities) Service. (Registered activity)

 

  • Providing Housekeeping Services. (Confirmed by management)

 

 

No. of Employees :

800 (Approximately)

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

B

 

Credit Rating

Explanation

Rating Comments

B

Medium Risk

Business dealings permissible on a regular monitoring basis

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in the year 2011 having moderate track record. It is engaged in providing housekeeping services.

 

Management has failed to file its financials for FY 2017 with Registrar of companies.

 

As per the available financials of March 2016, the company has achieved top line growth in its revenue as compared to its previous year but has reported average profit margin during the year.

 

The company possesses moderate financial risk profile marked by adequate net worth base and unfavourable gap between trade payables and trade receivables.  

 

Further rating gets constrained by volatile profitability margin and intensive competition in the service industry.

 

Payments seems to be slow but correct.

 

In view of aforesaid, the company can be considered for business dealing with some caution.    

 

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

 

Rating Agency Name

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

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 09.02.2018

 

 

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 PARTED BY (GENERAL DETAILS)

 

Name :

Mr. Madhu Kalaskar

Designation :

AGM Finance

Contact No.:

91-20-27464220

Date :

07.02.2018

 

 

 

LOCATIONS

 

Registered Office :

BVG House, Premier Plaza, Pune-Mumbai Road, Above ICICI Bank, Chinchwad, Pune – 411019, Maharashtra, India

Tel. No.:

91-20-27464220

Fax No.:

Not Available

E-Mail :

cs@bvgindia.com

 

 

DIRECTORS

 

As on 31.03.2017

 

Name :

Mr. Jagannath Sahebrao Ghadge

Designation :

Director

Address :

S.No.41/9, Ghansham, Flat No.05, Shrikrishna Nagar, PIM. Gurav, Pune-411027, Maharashtra, India

Date of Birth/Age :

20.09.1971

Date of Appointment :

10.02.2012

DIN No:

01684753

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U15100PN2005PTC020410

AARYA AGRO-BIO AND HERBALS PRIVATE LIMITED

01/04/2005

-

U01100PN2011PLC140476

BVG HITECH AGRO LIMITED

30/09/2014

-

U74300MH2006PTC163636

OUT-OF-HOME MEDIA (INDIA) PRIVATE LIMITED

20/04/2016

-

U74900PN2015NPL154259

AGRICULTURAL DEVELOPMENT AND FACILITATION SERVICES CENTER

05/03/2015

-

 

 

Name :

Mr. Vikas Vyankat Nipane

Designation :

Director

Address :

At Post Alankar, Sector-28, Plot 237 Pradhikaran, Nigdi, Pune- 411044, Maharashtra, India

Date of Birth/Age :

24.11.1976

Date of Appointment :

10.02.2012

DIN No:

03359189

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U63000MH2010PTC201671

SARVESHWAR LOGISTICS SERVICES PRIVATE LIMITED

01/06/2016

-

U45209PN2011PTC138623

VISHWARAJ BUILDERS & DEVELOPERS PRIVATE LIMITED

21/02/2011

-

U74900PN2012PTC142904

PROMIND PRODUCTIONS PRIVATE LIMITED

09/04/2012

-

U15100PN2012PTC143325

BVG HEALTH FOOD PRIVATE LIMITED

09/05/2012

-

U74900PN2012PTC144270

AADIARYA AVIATION SERVICES PRIVATE LIMITED

24/06/2015

-

U74900PN2012PTC144409

CFO FINANCIAL CONSULTANTS PRIVATE LIMITED

09/11/2015

-

U45200PN2013PTC147231

FRIENDSHIP POWER BUILDERS PRIVATE LIMITED

02/05/2013

-

U74900KA2013PTC071240

INTERTECH ELECTRO CONTROLS PRIVATE LIMITED

30/09/2014

-

U74900PN2011PTC141608

BVG SECURITY SERVICES PRIVATE LIMITED

29/09/2012

-

U15490PN2012PTC142334

SATARA MEGA FOOD PARK PRIVATE LIMITED

22/02/2012

-

 

KEY EXECUTIVES

 

Name :

Mr. Madhu Kalaskar

Designation :

AGM Finance

 

 

MAJOR SHAREHOLDERS

 

As on 31.03.2016

 

Names of Shareholders

No. of Shares

% of Holding

Vikas Nipane

9000

90.00

Jagannath Ghadge

1000

10.00

Total

10000

100.00

 

 

Equity Share Break up (Percentage of Total Equity)

 

As on: 30.09.2016

 

Category

Percentage

Promoters (Individual/Hindu Undivided Family – Indian)

100.00

Total 

100.00

 

 

 

 

 

BUSINESS DETAILS

 

Line of Business :
  • Providing Private Security (Activities) Service. (Registered activity)

 

  • Providing Housekeeping Services. (Confirmed by management)

 

 

Services :

Item Code No.

Services Description

N-80-80100

Private Security (Activities) Service.

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Cash, L/C and Credit (30 Days)

 

 

Purchasing :

Cash, L/C and Credit (30 Days)

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

 

GENERAL INFORMATION

 

Suppliers :

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

Wholesalers, Retailers and End Users

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

800 (Approximately)

 

 

Bankers :

Banker Name :

ICICI Bank

Branch :

Chinchwad Branch, Old Mumbai, Pune Highway, Shop No.3to 8, Ground Floor, Pune – 411019, Maharashtra, India

Person Name (With Designation) :

--

Contact Number :

91-9021667777

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

--

 

Auditors :

 

Name :

S. Gautam and Associates

Chartered Accountants

Address :

No.25, B Wing, 1st Floor, Kamala Cross Roads, Opposite PCMC Building, Pimpri, Pune – 411018, Maharashtra, India

Income-tax PAN of auditor or auditor's firm :

ABLFS5656G

Membership No:

115974

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

--

 

 

CAPITAL STRUCTURE

 

As on: 30.09.2016

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10000

Equity Shares

INR 10/- each

INR 0.100 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10000

Equity Shares

INR 10/- each

INR 0.100 Million

 

 

 

FINANCIAL DATA

[all figures are INR Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2016

31.03.2015

31.03.2014

I.      EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

0.100

0.100

0.100

(b) Reserves & Surplus

2.303

0.517

(0.025)

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

0.000

Total Shareholders’ Funds (1) + (2)

2.403

0.617

0.075

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(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)

0.000

0.000

0.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

13.158

6.205

0.798

(c) Other current liabilities

1.578

0.172

0.048

(d) Short-term provisions

0.000

0.000

0.000

Total Current Liabilities (4)

14.736

6.377

0.846

 

 

 

 

TOTAL

17.139

6.994

0.921

 

 

 

 

II.    ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

0.000

0.000

0.000

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

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

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

0.000

0.000

0.000

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

7.528

3.031

0.353

(d) Cash and cash equivalents

6.416

1.922

0.425

(e) Short-term loans and advances

2.761

1.908

0.143

(f) Other current assets

0.434

0.133

0.000

Total Current Assets

17.139

6.994

0.921

 

 

 

 

TOTAL

17.139

6.994

0.921

 

 

PROFIT & LOSS ACCOUNT

 

 

 

PARTICULARS

31.03.2016

31.03.2015

31.03.2014

 

SALES

 

 

 

 

Income

62.179

17.080

5.776

 

Other Income

0.000

0.000

0.000

 

TOTAL

62.179

17.080

5.776

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Other expenses

59.499

16.249

5.718

 

TOTAL

59.499

16.249

5.718

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

2.680

0.831

0.058

 

 

 

 

 

Less

FINANCIAL EXPENSES

0.000

0.000

0.000

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

2.680

0.831

0.058

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

0.000

0.000

0.000

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

2.680

0.831

0.058

 

 

 

 

 

Less

TAX

0.893

0.290

0.000

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

1.787

0.541

0.058

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

178.67

54.12

0.60

 

 

 

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2016

31.03.2015

31.03.2014

Current Maturities of Long term debt

NA

NA

NA

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operations

NA

NA

NA

Net cash flows from (used in) operating activity

NA

NA

NA

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Average Collection Days

(Sundry Debtors / Income * 365 Days)

44.19

64.77

22.31

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

8.26

5.64

16.36

 
 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)
0.00
0.00
0.00

 
 

 

 

Inventory Turnover

(Operating Income / Inventories)
0.00
0.00
0.00

 
 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)
0.00
0.00
0.00

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.86

0.91

0.92

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.00

0.00

0.00

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

6.13

10.34

11.28

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.00

0.00

0.00

 
 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

0.00

0.00

0.00

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2016

31.03.2015

31.03.2014

Net Profit Margin

((PAT / Sales) * 100)

%

2.87

3.17

1.00

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

10.43

7.74

6.30

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

74.37

87.68

77.33

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Current Ratio

(Current Assets / Current Liabilities)

1.16

1.10

1.09

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

1.16

1.10

1.09

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.14

0.09

0.08

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

0.00

0.00

0.00

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.16

1.10

1.09

 

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

FINANCIAL ANALYSIS

[all figures are in INR Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2014

31.03.2015

31.03.2016

 

INR In Million

INR In Million

INR In Million

Share Capital

0.100

0.100

0.100

Reserves & Surplus

(0.025)

0.517

2.303

Net worth

0.075

0.617

2.403

 

 

 

 

long-term borrowings

0.000

0.000

0.000

Short term borrowings

0.000

0.000

0.000

Total borrowings

0.000

0.000

0.000

Debt/Equity ratio

0.000

0.000

0.000

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2014

31.03.2015

31.03.2016

 

INR In Million

INR In Million

INR In Million

Sales

5.776

17.080

62.179

 

 

195.706

264.046

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2014

31.03.2015

31.03.2016

 

INR In Million

INR In Million

INR In Million

Sales

5.776

17.080

62.179

Profit

0.058

0.541

1.787

 

1.00%

3.17%

2.87%

 

 

 

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

Yes

17

Details of sister concerns

No

18

Major suppliers

No

19

Major customers

No

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 two/ three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

Yes

29

Profitability for last three years

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

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

INDEX OF CHARGES: NO CHARGES EXISTS 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, 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

INR

US Dollar

1

INR 64.16

UK Pound

1

INR 89.19

Euro

1

INR 78.75

 

 

INFORMATION DETAILS

 

Information Gathered by :

PRT

 

 

Analysis Done by :

NSG

 

 

Report Prepared by :

MTN

 

 

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

YES

--AFFILIATION

YES/NO

NO

--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)

 

 

 

 

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.