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|
MIRA INFORM REPORT
|
Report No. : |
484780 |
|
Report Date : |
08.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
PRAGMASYS CONSULTING LLP |
|
|
|
|
Registered
Office : |
B-1108, Ruturang Apartments, Near Shivaji Statue Kothrud, Pune –
411038, Maharashtra |
|
Mobile No.: |
91-9890078708 (Ms. Deepa Joglekar) |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
21.05.2010 |
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|
|
|
Total Obligation of Contribution: |
INR 10.000 Million |
|
|
|
|
LLPIN : |
AAA-1394 |
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|
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IEC No.: |
Not Divulged |
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|
|
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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GSTIN : |
Not Divulged |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Limited Liability Partnership |
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Line of Business
: |
Software Development and Testing Services business Process Consultancy
software Product Implementation and Advisory Services systems Integration
business Intelligence. (Registered activity) |
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|
No. of Employees
: |
Information declined 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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is a Limited Liability Partnership concern established 2010. The
company provides technology and business process consulting services to
enterprise and mid-sized companies, with a focus on Microsoft Dynamics CRM,
Siebel and ERP systems. As per the financial of 2017, the subject has earned a significant
growth in its revenue as compared to the previous year along with a fair
profitability margin. The overall financial position of the subject seems to be satisfactory
marked by adequate capital structure and zero debt balance sheet profile. Business is active. Payments are reported to be usually correct. In view of aforesaid, the subject 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.
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 08.01.2018
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 : |
Ms. Deepa Joglekar |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9890078708 |
|
Date : |
06.01.2017 |
LOCATIONS
|
Registered Office : |
B-1108, Ruturang Apartments, Near Shivaji Statue Kothrud, Pune –
411038, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9890078708 (Ms. Deepa Joglekar) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Pune Office : |
F, Pinnac Memories Phase III, S No 7 and 8 , Near City, Pride Multiplex, Kothrud , Pune – 411038, Maharashtra, India |
|
Email : |
|
|
|
|
|
Delhi Office : |
508-509, Modi Towers, Nehru Place, New Delhi 110019, India |
|
|
|
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Mumbai Office : |
Unit 326, Lodha Supremus Phase 2, Road No 22, Wagle Estate, Thane (West), Mumbai - 400604, Maharashtra, India |
|
|
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Bangalore Office : |
#54, 2nd Floor, 5th Main, Kodihalli, HAL 2nd Stage, Behind Leela Palace Hotel, Bangalore – 560008, Karnataka |
PARTNER
As on 31.03.2017
|
Name : |
Mr. Shivprasad Agate |
|
Designation : |
Designated Partner |
|
Address : |
b-1108, Ruturang Apartments, Near Shivaji Statue, Kothrud,
Pune - 411038, Maharashtra, India |
|
Date of Appointment : |
21.05.2010 |
|
DPIN No.: |
05006734 |
|
|
|
|
Name : |
Mr. Bhaskar Arun Walimbe |
|
Designation : |
Designated Partner |
|
Address : |
A-603 Kapil Abhijat Dahanukar Colony Kothrud, Pune -
411038, Maharashtra, India |
|
Date of Appointment : |
21.05.2010 |
|
DPIN No.: |
05006735 |
OBLIGATION DETAILS
As on 31.03.2017
|
Particulars |
|
INR in
Million |
|
Aswad Ajit Gurjar |
|
0.300 |
|
Sudhanshu Gupta |
|
0.300 |
|
Manish Raghuvansi |
|
1.000 |
|
Ashish Garg |
|
0.300 |
|
Bhaskar Arun Walimbe |
|
1.000 |
|
Shivprasad Mukund Agate |
|
7.100 |
|
Total |
|
10.000 |
BUSINESS DETAILS
|
Line of Business : |
Software Development and Testing Services business Process Consultancy
software Product Implementation and Advisory Services systems Integration
business Intelligence. (Registered activity) |
|
|
|
|
Brand Names : |
Not Divulged |
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|
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Agencies Held : |
Not Divulged |
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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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|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
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 : |
|
|
Name : |
K.K. Mankeshwar and Company Chartered Accountants |
|
Address : |
Kingswamy Nagpur – 440001, Maharashtra, India |
|
Tel. No.: |
91-712-6629946 / 47 / 2554223 |
|
Membership No.: |
046219 |
|
Fax No.: |
91-712-6629948 / 6613404 |
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E-Mail : |
|
|
|
|
|
Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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|
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2017
PARTNERS
CAPITAL ACCOUNT
|
Particulars
|
Opening Balance |
Brought in |
Withdrawal |
Closing Balance |
|
Ashish Garg |
0.300 |
-- |
-- |
0.300 |
|
Aswad Gurjar |
0.300 |
-- |
-- |
0.300 |
|
Bhaskar Walimbe |
1.000 |
-- |
-- |
1.000 |
|
Shivprasad Agate |
7.100 |
-- |
-- |
7.100 |
|
Sudhanshu Gupta |
0.300 |
-- |
-- |
0.300 |
|
Manish Raghavanshi |
1.000 |
-- |
-- |
1.000 |
|
Total
|
10.000 |
-- |
-- |
10.000 |
PARTNERS
CURRENT ACCOUNT
|
Particulars
|
Opening Balance |
Share in Profit for year 2016-17 |
Closing Balance |
|
Ashish Garg |
1.200 |
0.482 |
1.682 |
|
Aswad Gurjar |
1.195 |
0.482 |
1.677 |
|
Bhaskar Walimbe |
3.995 |
1.607 |
5.602 |
|
Shivprasad Agate |
29.712 |
11.411 |
41.123 |
|
Manish Raghavanshi |
2.689 |
1.607 |
4.296 |
|
Sudhanshu Gupta |
0.897 |
0.482 |
1.379 |
|
Total
|
39.687 |
16.071 |
55.759 |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partners Capital Account |
10.000 |
10.000 |
3.000 |
|
|
2] Partner Current Account |
70.729 |
55.987 |
45.535 |
|
|
3] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
4] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
5] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
80.729 |
65.987 |
48.535 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
80.729 |
65.987 |
48.535 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
6.316 |
2.478 |
1.472 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
19.870 |
19.564 |
15.938 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000 |
0.000 |
0.000
|
|
|
Sundry Debtors |
37.453
|
26.720
|
8.998
|
|
|
Cash & Bank Balances |
6.074
|
20.589
|
16.129
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
23.686
|
13.496
|
12.507
|
|
Total
Current Assets |
67.213
|
60.805
|
37.634
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
0.000
|
0.000
|
|
|
Other Current Liabilities |
4.198
|
10.010
|
1.511
|
|
|
Provisions |
8.472
|
6.850
|
4.998
|
|
Total
Current Liabilities |
12.670
|
16.860
|
6.509
|
|
|
Net Current Assets |
54.543
|
43.945
|
31.125
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
80.729 |
65.987 |
48.535 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income: |
|
|
|
|
|
Professional Fees |
151.482 |
117.007 |
72.528 |
|
|
Professional Fees - (Export) |
13.101 |
0.000 |
0.000 |
|
|
Sale of Software (Trading) |
2.349 |
1.146 |
0.000 |
|
|
Dividend Received |
0.306 |
0.306 |
0.352 |
|
|
Interest Received |
0.182 |
0.425 |
0.000 |
|
|
TOTAL
|
167.420 |
118.884 |
72.880 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Software
(Trading) |
1.986 |
1.071 |
0.000 |
|
|
Expenditure related to
employees and professional |
86.601 |
47.336 |
23.706 |
|
|
Project expense |
11.603 |
12.810 |
8.752 |
|
|
Salary to partner |
25.000 |
29.500 |
21.950 |
|
|
Administrative and Other
expenses |
14.473 |
6.737 |
3.154 |
|
|
TOTAL |
139.663 |
97.454 |
57.562 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
27.757 |
21.430 |
15.318 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
3.313 |
1.745 |
0.538 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
24.444 |
19.685 |
14.780 |
|
|
|
|
|
|
|
Less |
TAX |
8.372 |
6.763 |
4.931 |
|
|
|
|
|
|
|
|
NET
PROFIT |
16.072 |
12.922 |
9.849 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
81.65 |
82.04 |
45.06 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.47 |
4.45 |
8.10 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
4.39 |
8.65 |
10.41 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.08 |
0.04 |
0.03 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
9.60 |
10.87 |
13.51 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
17.21 |
15.60 |
17.89 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
19.91 |
19.58 |
20.29 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.86 |
0.80 |
0.88 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.00 |
0.00 |
0.00 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are INR
Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Partners Capital Account |
3.000 |
10.000 |
10.000 |
|
Partner Current Account |
45.535 |
55.987 |
70.729 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
48.535 |
65.987 |
80.729 |
|
|
|
|
|
|
Secured Loan |
0.000 |
0.000 |
0.000 |
|
Unsecured Loan |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total
Income |
72.880 |
118.884 |
167.420 |
|
|
|
63.123 |
40.826 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total
Income |
72.880 |
118.884 |
167.420 |
|
Profit |
9.849 |
12.922 |
16.072 |
|
|
13.51% |
10.87% |
9.60% |
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
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 three years |
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 |
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 CHARGES: NO CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Computer Software
- Office Equipment
- Mobile
- Furniture and Fittings
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 63.39 |
|
|
1 |
INR 85.74 |
|
Euro |
1 |
INR 76.24 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE FACTORS
|
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 |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.