MIRA INFORM REPORT

Report No. :	500025
Report Date :	27.03.2018

IDENTIFICATION DETAILS

Name :	BAFNA MOTORS (RATNAGIRI) PRIVATE LIMITED
Registered Office :	Unit No. 712, 7th Floor, World Trade Centre No.1, Cuffe Parade, Colaba Mumbai – 400005, Maharashtra
Tel. No.:	91-2352-230178
Country :	India
Financials (as on) :	31.03.2016
Date of Incorporation :	19.02.1996
Com. Reg. No.:	11-097465
Capital Investment / Paid-up Capital :	INR 0.540 Million
CIN No.: [Company Identification No.]	U34100MH1996PTC097465
IEC No.: [Import-Export Code No.]	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
GSTN : [Goods & Service Tax Registration No.]	Not Divulged
PAN No.: [Permanent Account No.]	AABCB3555D
Legal Form :	Private Limited Liability Company.
Line of Business :	Subject is engaged into the business of Dealing in Automobile Vehicles. [Registered Activity]
No. of Employees :	Information declined by the management

RATING & COMMENTS

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

MIRA’s Rating :

C

Credit Rating	Explanation	Rating Comments
D	High Risk	Business dealing not recommended or on secured terms only

Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject was incorporated in the year 1996. It is engaged in dealing in Automobile Vehicles. Management has failed to file its financial with Registrar of companies for the FY 2017. For the financial year 2016, the company has reported decline in its revenue as compared to previous year and has incurred operational loss. The moderate financial profile of the company is reflected by negative networth base along with comfortable debt coverage indicators. Rating is constrained on account of absence of latest financials. Payment seems to be slow. In view of aforesaid, the company can be considered for business dealings on fully safe and secured 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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
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 27.03.2018.

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

Management Non-Cooperative [Tel. No.: 91-2352-225253 / 225254 / 230178]

LOCATIONS

Registered Office :	Unit No. 712, 7th Floor, World Trade Centre No.1, Cuffe Parade, Colaba Mumbai – 400005, Maharashtra, India
Tel. No.:	91-2352-230178 / 225253 / 225254
Fax No.:	Not Available
E-Mail :	rahul@bafnamotors.in bafnartn.pcd@gmail.com
Sales Office :	D-69, MIDC ,mirjole, Ratnagiri – 415639, Maharashtra, India
Tel. No.:	91-2352-228253 / 228254 / 230178
Fax No.:	91-2352-228225

DIRECTORS

As on 31.03.2017

Name :

Mr. Sumati Prasad Mishrilal Bafna

Designation :

Director

Address :

22, Gobind Mahal 86-B, Marine Drive, Mumbai - 400002, Maharashtra, India

Date of Birth/Age :

26.10.1961

Date of Appointment :

19.02.1996

DIN No.:

00162546

PAN No.:

AABPB5180H

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U50401MH2017PTC299001	BAFNA MOTORS (PUNE) PRIVATE LIMITED	24/08/2017	-
U74930MH2015PTC264165	BAFNA MOTORS (INDIA) PRIVATE LIMITED	08/05/2015	-
U85190MH2007PTC173326	BAFNA HEALTH CARE PRIVATE LIMITED	02/01/2018	-
U67190MH2005PTC152977	ABCIN SERVICES PRIVATE LIMITED	01/07/2008	-
U34100MH2005PTC151827	PANCHAVATI AUTOMOBILE PRIVATE LIMITED	16/08/2010	-
U34300MH2002PTC136662	RUSHABH MOTORS PRIVATE LIMITED	20/10/2003	-
U50400MH2010PTC201547	BAFNA MOTORCYCLES PRIVATE LIMITED	01/04/2010	-
U60231KA2010PTC052698	TOYOTA LOGISTICS KISHOR INDIA PRIVATE LIMITED	25/02/2010	-
U65910TN2009PLC073914	SHRIRAM EQUIPMENT FINANCE COMPANY LIMITED	31/07/2015	-
U62200MH2008PTC184637	BAFNA AVIATION PRIVATE LIMITED	14/07/2008	-
L65191TN1979PLC007874	SHRIRAM TRANSPORT FINANCE COMPANY LIMITED	09/09/2005	-
U34300MH2001PTC133866	BAFNA MOTORS (MUMBAI) PRIVATE LIMITED	05/11/2001	-
U63090MH1998PTC116335	KISHOR TRANSPORT SERVICES PRIVATE LIMITED	24/08/1998	-
U24200MH1997PTC110465	BNB CONTAINERS PRIVATE LIMITED	20/07/2006	-
U74999MH1994PLC079512	ISUTA ELECTRONICS (INDIA) LIMITED	08/07/1994	-
U50100MH1973PTC016956	BAFNA MOTORS PRIVATE LIMITED	12/08/1984	-

Name :

Mr. Nandadevi Sumatiprasad Bafna

Designation :

Director

Address :

22, Gobind Mahal 86-B, Marine Drive, Mumbai - 400002, Maharashtra, India

Date of Birth/Age :

31.10.1962

Date of Appointment :

19.02.1996

DIN No.:

00162556

PAN No.:

AHOPB1993N

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U74999MH1994PLC079512	ISUTA ELECTRONICS (INDIA) LIMITED	09/06/1995	-
U34300MH2002PTC136662	RUSHABH MOTORS PRIVATE LIMITED	20/10/2003	-

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2017

Names of Shareholders	No. of Shares
Sumati Prasad Mishrilal Bafna	26000
Nanda Sumati Prasad Bafna	24000
Bafna Motors (Mumbai) Private Limited, India	4000
Total	54000

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2016

Category	Percentage
Promoter – (Individual/ Hindu Undivided Family – Indian)	48.15
Public – (Individual/ Hindu Undivided Family – Indian)	44.44
Public - Bodies corporate	7.41
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged into the business of Dealing in Automobile Vehicles. [Registered Activity]

Products :

Item Code No.	Product Description
4510	Automobile Vehicles

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

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 :

Reference :	Not Divulged
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

No. of Employees :

Information declined by the management

Bankers :

Bank Name	Rupee Co-Operative Bank Limited
Branch	Giragaon, JSS Road, Mumbai - 400004, Maharashtra, India
Person Name (With Designation)	--
Contact Number	--
Name of Account Holder	--
Account Number	--
Account Since (Date/Year of Account Opening)	--
Average Balance Maintained (If Possible)	--
Credit Facilities Enjoyed (If any)	--
Account Operation	--
Remarks (If any)	--

Facilities :

Secured Loan	31.03.2016 (INR in Million)	31.03.2015 (INR in Million)
Short-term borrowings
Working capital loans from banks	47.258	54.350
Total	47.258	54.350

Auditors :
Name :	C.B. Chhajed and Company Chartered Accountants
Address :	Dgp House Ground Floor88-C, Old Prabhadevi Road, Mumbai – 400025, Maharashtra, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAAFC3565E
Memberships :	Not Available
Collaborators :	Not Available
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	Bafna Motors (Mumbai) Private Limited U34300MH2001PTC133866 Bafna Motors Private Limited U50100MH1973PTC016956 Kishor Transport Services Private Limited U63090MH1998PTC116335

CAPITAL STRUCTURE

As on 31.03.2017

Authorised Capital :

No. of Shares	Type	Value	Amount
250000	Equity Shares	INR 10/- each	INR 2.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
54000	Equity Shares	INR 10/- each	INR 0.540 Million

FINANCIAL DATA

[all figures are in 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	0.540	0.540	0.540
(b) Reserves & Surplus	(84.101)	(58.012)	(28.588)
(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)	(83.561)	(57.472)	(28.048)
(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	0.246	0.219	0.121
Total Non-current Liabilities (3)	0.246	0.219	0.121
(4) Current Liabilities
(a) Short term borrowings	197.258	204.350	211.037
(b) Trade payables	62.247	2.112	1.805
(c) Other current liabilities	27.801	31.362	14.549
(d) Short-term provisions	0.004	0.003	0.002
Total Current Liabilities (4)	287.310	237.827	227.393
TOTAL	203.995	180.574	199.466
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	22.073	25.017	29.187
(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	0.411	0.411	0.411
(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	22.484	25.428	29.598
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	98.513	80.761	82.013
(c) Trade receivables	11.598	13.413	12.950
(d) Cash and cash equivalents	25.378	10.418	20.191
(e) Short-term loans and advances	46.022	50.554	54.714
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	181.511	155.146	169.868
TOTAL	203.995	180.574	199.466

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2016	31.03.2015	31.03.2014
	SALES
	Income	501.832	570.856	635.997
	Other Income	0.483	0.868	2.032
	TOTAL	502.315	571.724	638.029
Less	EXPENSES
	Purchases of Stock-in-Trade	497.185	547.377	609.106
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(17.752)	1.252	(5.376)
	Employees benefits expense	4.350	5.225	4.386
	Other expenses	13.528	13.291	13.411
	Extraordinary Items	0.000	0.000	10.030
	TOTAL	497.311	567.145	631.557
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	5.004	4.579	6.472
Less	FINANCIAL EXPENSES	27.113	28.112	15.870
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	(22.109)	(23.533)	(9.398)
Less	DEPRECIATION/ AMORTISATION	3.870	5.253	4.172
	PROFIT/ (LOSS) BEFORE TAX	(25.979)	(28.786)	(13.570)
Less	TAX	0.111	0.551	0.662
	PROFIT/ (LOSS) AFTER TAX	(26.090)	(29.337)	(14.232)
	Earnings / (Loss) Per Share (INR)	(483.14)	(543.28)	--

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 flow from operating activity	39.813	(20.327)	(39.657)

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Average Collection Days (Sundry Debtors / Income * 365 Days)	8.44	8.58	7.43
Account Receivables Turnover (Income / Sundry Debtors)	43.27	42.56	49.11
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	45.70	1.41	1.08
Inventory Turnover (Operating Income / Inventories)	0.05	0.06	0.08
Asset Turnover (Operating Income / Net Fixed Assets)	0.23	0.18	0.22

LEVERAGE RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	1.41	1.32	1.14
Debt Equity Ratio (Total Liability / Networth)	(2.36)	(3.56)	(7.52)
Current Liabilities to Networth (Current Liabilities / Net Worth)	(3.44)	(4.14)	(8.11)
Fixed Assets to Networth (Net Fixed Assets / Networth)	(0.26)	(0.44)	(1.04)
Interest Coverage Ratio (PBIT / Financial Charges)	0.18	0.16	0.41

PROFITABILITY RATIOS

PARTICULARS		31.03.2016	31.03.2015	31.03.2014
Net Profit Margin ((PAT / Sales) * 100)	%	(5.20)	(5.14)	(2.24)
Return on Total Assets ((PAT / Total Assets) * 100)	%	(12.79)	(16.25)	(7.14)
Return on Investment (ROI) ((PAT / Networth) * 100)	%	31.22	51.05	50.74

SOLVENCY RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Current Ratio (Current Assets / Current Liabilities)	0.63	0.65	0.75
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.29	0.31	0.39
G-Score Ratio Financial (Networth / Total Assets)	(0.41)	(0.32)	(0.14)
G-Score Ratio Debt (Debts / Equity Capital)	365.29	378.43	390.81
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	0.63	0.65	0.75

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	31.03.2014	31.03.2015	31.03.2016
	INR In Million	INR In Million	INR In Million
Share Capital	0.540	0.540	0.540
Reserves & Surplus	(28.588)	(58.012)	(84.101)
Net worth	(28.048)	(57.472)	(83.561)
long-term borrowings	0.000	0.000	0.000
Short term borrowings	211.037	204.350	197.258
Total borrowings	211.037	204.350	197.258
Debt/Equity ratio	(7.524)	(3.556)	(2.361)

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	635.997	570.856	501.832
		(10.242)	(12.091)

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	635.997	570.856	501.832
Profit	(14.232)	(29.337)	(26.090)
	(2.24%)	(5.14%)	(5.20%)

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	No
8	Designation of contact person	No
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	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	No
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

UNSECURED LOAN

Unsecured Loan	31.03.2016 (INR in Million)	31.03.2015 (INR in Million)
Short-term borrowings
Loans repayable on demand from others	150.000	150.000
Total	150.000	150.000

INDEX OF CHARGES:

Charges Registered
SNo	SRN	Charge Id	Charge Holder Name	Date of Creation	Date of Modification	Date of Satisfaction	Amount	Address
1	G33535402	100072523	TATA CAPITAL FINANCIAL SERVICES LIMITED	29/09/2016	-	-	53800000.0	One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN
2	Y10257697	90157927	JANALAXMI CO-OP. BANK LTD	15/04/2002	-	-	250000.0	80;SURGAJSS ROAD; GIRAGAONMUMBAIMH400004IN
3	A67735498	90157026	RUPEE CO-OP. BANK LTD	01/12/1998	-	20/08/2009	5000000.0	GIRAGAONJSS ROAD;MUMBAIMH400004IN

FIXED ASSETS

• Land
• Buildings
• Plant and equipment
• Furniture and fixtures
• Vehicles
• Office equipment
• Computer equipment

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 64.91
UK Pound	1	INR 91.87
Euro	1	INR 80.25

INFORMATION DETAILS

Information Gathered by :	SHA
Analysis Done by :	VAR
Report Prepared by :	JYO

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	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)

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.