3decades

MIRA INFORM REPORT

Report No. :	492130
Report Date :	01.03.2018

IDENTIFICATION DETAILS

Name :	KEYMITE LIMITED

Registered Office :	Countrywide House 23 West Bar Banbury Oxfordshire OX16 9SA

Country :	United Kingdom

Financials (as on) :	30.06.2016

Date of Incorporation :	03.03.1989

Com. Reg. No.:	02355240

Legal Form :	Private limited with Share Capital

Line of Business :	Other business support service activities n.e.c.

RATING & COMMENTS

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

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Satisfactory

Payment Behaviour :	No Complaints

Litigation :	Clear

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

(30.09.2017)

Current Rating

(31.12.2017)

United Kingdom

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

UNITED KINGDOM - ECONOMIC OVERVIEW

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining; the UK has been a net importer of energy since 2005. Services, particularly banking, insurance, and business services, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output.

In 2008, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Falling home prices, high consumer debt, and the global economic slowdown compounded the UK’s economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets. Facing burgeoning public deficits and debt levels, in 2010 the then CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which has continued under the Conservative government. However, the deficit still remains one of the highest in the G7, standing at 3.6% of GDP as of 2017, and the UK has pledged to lower its corporation tax from 20% to 17% by 2020. The UK had a debt burden of 90.4% GDP at the end of 2017.

The UK’s economy has begun to slow since the referendum vote to leave the EU in June 2016. A sustained depreciation of the British pound has increased consumer and producer prices, weighing on consumer spending without spurring a meaningful increase in exports. The UK has an extensive trade relationship with other EU members through its single market membership and economic observers have warned the exit will jeopardize its position as the central location for European financial services. Prime Minister MAY is seeking a new “deep and special” trade relationship with the EU following the UK’s exit. However, economists doubt that the UK will be able to preserve the benefits of EU membership without the obligations.

Source : CIA

Company Name and address

KEYMITE LIMITED

COUNTRYWIDE HOUSE 23 WEST BAR BANBURY OXFORDSHIRE OX16 9SA

Company No.

02355240

Company Status

Active - Accounts Filed

Company Summary

Registered Address COUNTRYWIDE HOUSE 23 WEST BAR
BANBURY
OXFORDSHIRE
OX16 9SA

Trading Address Countryside House
23 West Bar Street
Banbury
Oxfordshire
OX16 9SA

P.O. Box 161,

Banbury Oxon

OX15 5ST

Website Address http://www.kms-grays.com

Telephone Number 01608685677

Fax Number

TPS Yes

FPS Yes

Incorporation Date 03/03/1989

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 21/09/2016

Currency GBP

Share Capital £2

SIC07 82990

Charity Number -

SIC07 Description OTHER BUSINESS SUPPORT SERVICE ACTIVITIES N.E.C.

Principal Activity Advertising.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant ELLACOTTS LLP

Mortgages 0

Group 0 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder's Funds Employees

30/06/2016 - - £2,470,881 -

30/06/2015 - - £1,995,026 -

30/06/2014 - - £2,307,671 -

Mortgage Summary

Total Mortgage 0

Outstanding 0

Satisfied 0

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

Commentary

This company has been treated as a Small company in respect of the rating/limit generated.

The latest Balance Sheet indicates a very positive net working capital position.

The latest cash balances represent a positive level in terms of the overall outstanding creditor obligations.

There has been an increase in shareholders funds compared with the previous balance sheet.

This company trades in an industry with a moderate level of corporate failures.

CCJ

Total Number of Exact CCJs -	0	Total Value of Exact CCJs -
Total Number of Possible CCJs -	0	Total Value of Possible CCJs -
Total Number of Satisfied CCJs -	0	Total Value of Satisfied CCJs -
Total Number of Writs -	-

Total Current Directors	3	Total Current Secretaries	1
Total Previous Directors / Company Secretaries	0	Total Person's With Significant Control	1

Current Directors

Title	Ms	Function	Director
Name	Melanie Lynn Gray	Nationality	British
Date of Birth	06/1951	Present Appointments	2
Latest Address	The Old Parsonage, Lower Brailes, Banbury, Oxfordshire	Appointment Date	27/10/1991
Post Code	OX15 5HT
Title	Mr	Function	Director
Name	Richard John Gray	Nationality	British
Date of Birth	07/1949	Present Appointments	1
Latest Address	Halford Hill Farm, Halford, Shipston-On-Stour, Warwickshire	Appointment Date	27/10/1991
Post Code	CV36 5DL

Title	Mr	Function	Director
Name	Stephen John Boyce	Nationality	British
Date of Birth	04/1959	Present Appointments	1
Latest Address	70 Bath Road, Banbury, Oxfordshire	Appointment Date	27/10/1991
Post Code	OX16 0TR

Current Company Secretary

Title	Ms	Function	Company Secretary
Name	Melanie Lynn Gray	Nationality	British
Date of Birth	06/1951	Present Appointments	2
Latest Address	The Old Parsonage, Lower Brailes, Banbury, Oxfordshire	Appointment Date	27/10/1991
Post Code	OX15 5HT

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
MRS MELANIE LYNN GRAY	GBP	2	ORDINARY	1	100

Profit & Loss

	Date Of Accounts	30/06/16	(%)	30/06/15	(%)	30/06/14	(%)	30/06/13	(%)	30/06/12
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Depreciation	£75	-24.2%	£99	-64.6%	£280	-13.6%	£324	-50.2%	£650
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	30/06/16	(%)	30/06/15	(%)	30/06/14	(%)	30/06/13	(%)	30/06/12
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Tangible Assets	£223	-25.2%	£298	-24.9%	£397	-41.4%	£677	-32.4%	£1,001
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Total Fixed Assets	£223	-25.2%	£298	-24.9%	£397	-41.4%	£677	-32.4%	£1,001
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Stock	£279,835	29.8%	£215,554	-26.9%	£295,041	184.2%	£103,797	34.2%	£77,363
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Trade Debtors	£386,506	-35%	£594,244	71.2%	£347,064	-73.8%	£1,324,113	190%	£456,613
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Cash	£1,611,187	101.4%	£800,066	-56%	£1,819,676	108.8%	£871,573	-28.8%	£1,223,793
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Other Debtors	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Miscellaneous Current Assets	£448,894	-1.5%	£455,547	550.7%	£70,011	-73.5%	£264,540	1.4%	£261,007
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Total Current Assets	£2,726,422	32%	£2,065,411	-18.4%	£2,531,792	-1.3%	£2,564,023	27%	£2,018,776
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Trade Creditors	£255,764	261.8%	£70,683	-68.5%	£224,518	-43.5%	£397,149	95.7%	£202,911
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Other Short Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Total Current Liabilities	£255,764	261.8%	£70,683	-68.5%	£224,518	-43.5%	£397,149	95.7%	£202,911
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Total Long Term Liabilities	0	-	0	-	0	-	0	-	0

Capital & Reserves

	Date Of Accounts	30/06/16	(%)	30/06/15	(%)	30/06/14	(%)	30/06/13	(%)	30/06/12
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Called Up Share Capital	£2	-	£2	-	£2	-	£2	-	£2
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	P & L Account Reserve	£2,449,758	24.5%	£1,967,250	-14.6%	£2,304,669	6.8%	£2,158,144	19.7%	£1,803,649
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-100%	£3,000	-68.1%	£9,405	-28.8%	£13,215
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Sundry Reserves	£21,121	-24%	£27,774	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Shareholder Funds	£2,470,881	23.9%	£1,995,026	-13.5%	£2,307,671	6.5%	£2,167,551	19.3%	£1,816,866

Other Financial Items

	Date Of Accounts	30/06/16	(%)	30/06/15	(%)	30/06/14	(%)	30/06/13	(%)	30/06/12
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Net Worth	£2,470,881	23.9%	£1,995,026	-13.5%	£2,307,671	6.5%	£2,167,551	19.3%	£1,816,866
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Working Capital	£2,470,658	23.9%	£1,994,728	-13.5%	£2,307,274	6.5%	£2,166,874	19.3%	£1,815,865
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Total Assets	£2,726,645	32%	£2,065,709	-18.4%	£2,532,189	-1.3%	£2,564,700	27%	£2,019,777
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Total Liabilities	£255,764	261.8%	£70,683	-68.5%	£224,518	-43.5%	£397,149	95.7%	£202,911
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Net Assets	£2,470,881	23.9%	£1,995,026	-13.5%	£2,307,671	6.5%	£2,167,551	19.3%	£1,816,866

Miscellaneous

	Date Of Accounts	30/06/16	(%)	30/06/15	(%)	30/06/14	(%)	30/06/13	(%)	30/06/12
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Capital Employed	£2,470,881	23.9%	£1,995,026	-13.5%	£2,307,671	6.5%	£2,167,551	19.3%	£1,816,866
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants	ELLACOTTS LLP
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers	NATIONAL WESTMINSTER BANK PLC
	Bank Branch Code

Ratios

	Date Of Accounts	30/06/16	30/06/15	30/06/14	30/06/13	30/06/12
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Current ratio	10.66	29.22	11.28	6.46	9.95
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Gearing %	0	0	0	0	0
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Equity in %	90.60	96.60	91.10	84.50	90
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Liquidity/Acid Test	9.56	26.17	9.96	6.19	9.56
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Current Debt Ratio	0.10	0.03	0.09	0.18	0.11
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Total Debt Ratio	0.10	0.03	0.09	0.18	0.11
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\K M S (Keymite Limited Trading)_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
10/11/2017	Confirmation Statement
12/11/2016	Annual Returns
24/09/2016	New Accounts Filed
24/09/2016	New Accounts Filed
14/01/2016	New Accounts Filed
17/11/2015	Annual Returns
22/11/2014	New Accounts Filed
09/11/2014	Annual Returns
23/11/2013	New Accounts Filed
04/11/2013	Annual Returns
24/11/2012	New Accounts Filed
03/11/2012	Annual Returns
07/03/2012	New Accounts Filed
07/03/2012	New Accounts Filed
14/11/2011	Annual Returns

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group Structure Full

No Group Structure

Previous Director/Company Secretaries

No Previous Director Details

Total Persons With Significant Control	1	Total Statements
Active	1	Active
Ceased	0	Ceased

Active Persons With Significant Control

Name	Ms Melanie Lynn Gray	Kind	Individual Person With Significant Control
Address	The Old Parsonage Lower Brailes, Banbury	Country Of Residence	England
Post Code	OX15 5HT	Nationality	British
Date of Birth	06/1951	Notified On	06/04/2016
Nature Of Control	Ownership Of Shares 75 To 100 Percent,Voting Rights 75 To 100 Percent

Ceased Persons With Significant Control

No Ceased Persons With Significant Control To Display

Active Statements

No Active Statements To Display

Ceased Statements

No Ceased Statements To Display

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.10
UK Pound	1	INR 94.44
Euro	1	INR 79.59
GBP	1	INR 89.67

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	TRU

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.