MIRA INFORM REPORT

Report No. :	508611
Report Date :	18.05.2018

IDENTIFICATION DETAILS

Name :	EMC INFRASTRUCTURE LIMITED EMC LIMITED (AMALGAMATED WITH EMC INFRASTRUCTURE LIMITED)
Registered Office :	51, Canal East Road, Kolkata – 700085, West Bengal
Tel. No.:	91-33-23705810
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	12.07.2010
Com. Reg. No.:	21-151197
Capital Investment / Paid-up Capital :	INR 0.500 Million
CIN No.: [Company Identification No.]	U70100WB2010PLC151197
IEC No.:	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AACCE6184C
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged into Integrated infrastructure activities of various applications. (Registered Activity) Electrical, Mechanical and Allied manufacturers and dealer in all kinds of machinery, accessories, goods and materials of all kinds and to design manufacturer and erect electrical low, medium, high and extra high voltage transmission distribution and service lines. (As per Memorandum of Association)
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 :

B

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Maximum Credit Limit :	USD 700
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	EMC Infrastructure Limited was incorporated in the year 2010. For the financial year 2017, the company has not earned revenue from its operations along with operational loss. The moderate financial profile of the company is marked by negative reserve base due to accumulated losses. Payment seems to be slow. In view of aforesaid, the company can be considered or business dealings with some caution. Note : Mr. Dinkar Bagaria (Accounts Department) has claimed that “ EMC Limited” has been recently amalgamated with ‘ EMC Infrastructure Limited”. He further claimed that “EMC Infrastructure Limited” will change its name to “ EMC limited” in near future.

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

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 31-03-2018.

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 18.05.2018

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. Dinkar Bagaria
Designation :	Accounts Department

LOCATIONS

Registered Office :	51, Canal East Road, Kolkata – 700085, West Bengal, India
Tel. No.:	91-33-23705810
Fax No.:	91-33-23701221
E-Mail :	info@emcpower.com
Website :	www.emcpower.com

DIRECTORS

As on 31.03.2018

Name :

Mr. Ramesh Chandra Bardi

Designation :

Director

Address :

16A, Dover Road, Ballygunge, Kolkata - 700019, West Bengal, India

Date of Birth/Age :

20.10.1956

Qualification :

Commerce

Date of Appointment :

12.07.2010

DIN No.:

00374148

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U40102WB2011PLC162101	EMC OVERSEAS LIMITED	28/04/2011	-
U80221WB2010PLC151754	EMC ACADEMY LIMITED	28/07/2010	-
U60230WB2010PLC150647	EMC LOGISTICS LIMITED	24/06/2010	-
U40102WB2010PLC149843	EMC FORGING LIMITED	28/05/2010	-
U40108WB2010PLC149583	EMC GREENCO. LIMITED	26/05/2010	-
U40107WB2010PLC149842	EMC TOWER LIMITED	28/05/2010	-
U51909WB2007PTC114538	ARROW VINIMAY PRIVATE LIMITED	30/09/2013	-
U51109WB1997PTC085470	ENPEE MERCHANTS PRIVATE LIMITED	16/07/2015	-
U24299WB1982PLC183166	EMC HARDWARE LIMITED	12/08/2005	-
U74999WB1993PTC058216	EARNMORE FINCON PRIVATE LIMITED	16/07/2015	-
U67120WB1991PTC051851	MKN INVESTMENT PRIVATE LIMITED	30/06/2004	-

Name :

Mr. Biplab Shankar Bose

Designation :

Director

Address :

Fe 85, Salt Lake Sector 3, Kolkata - 700091, West Bengal, India

Date of Birth/Age :

01.07.1955

Qualification :

B.Tech, MBA

Date of Appointment :

07.05.2015

DIN No.:

01737400

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U31901WB1953PLC021044	EMC LIMITED	29/09/2016	-
U24299WB1982PLC183166	EMC HARDWARE LIMITED	26/09/2016	-
U40108WB2010PLC149583	EMC GREENCO. LIMITED	26/09/2016	-
U40102WB2010PLC149843	EMC FORGING LIMITED	30/09/2015	-
U60230WB2010PLC150647	EMC LOGISTICS LIMITED	30/09/2015	-

Name :

Mr. Swapan Kumar Datta

Designation :

Director

Address :

Apsara Apartment, Flat No. 7e, 7th Floor 67, Park Street, Kolkata - 700016, West Bengal, India

Date of Birth/Age :

09.01.1951

Qualification :

BE (Civil), Dip Course in Advance Management

Date of Appointment :

22.03.2014

DIN No.:

06848719

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U24299WB1982PLC183166	EMC HARDWARE LIMITED	17/09/2014	-
U40108WB2010PLC149583	EMC GREENCO. LIMITED	17/09/2014	-
U40102WB2010PLC149843	EMC FORGING LIMITED	17/09/2014	-
U60230WB2010PLC150647	EMC LOGISTICS LIMITED	17/09/2014	-
U40102WB2011PLC162101	EMC OVERSEAS LIMITED	17/09/2014	-

KEY EXECUTIVES

Name :	Mr. Dinkar Bagaria
Designation :	Accounts Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2017

Names of Shareholders	No. of Shares
MKN Investment Private Limited	49940
Manoj Toshniwal	10
Ramesh Chandra Bardia	10
Santosh Sharma	10
Durga Sharma	10
Rajeev Shah	10
Rakesh Sharma	10
Total	50000

Equity Share Break up (Percentage of Total Equity)

As on 29.08.2017

Category	Percentage
Promoters (Individual/Hindu Undivided Family-Indian)	0.12
Promoters (Body corporate)	99.88
Total	100.00

BUSINESS DETAILS

Line of Business :

• Subject is engaged into Integrated infrastructure activities of various applications. (Registered Activity)
• Electrical, Mechanical and Allied manufacturers and dealer in all kinds of machinery, accessories, goods and materials of all kinds and to design manufacturer and erect electrical low, medium, high and extra high voltage transmission distribution and service lines. (As per Memorandum of Association)

Products/ Services :

NIC Code No.	Products/ Services Description
	Integrated infrastructure activities of various applications.

Brand Names :

Not Available

Agencies Held :

Not Available

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	Indian Bank
Branch	Strand Road Branch, 3A Hare Street, Kolkata -700001, West Bengal, 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)	--

• Vijaya Bank
• Lakshmi Vilas Bank

Auditors :
Name :	M.C. Das and Company Chartered Accountants
Address :	53, College Street, 1st Floor, Kolkata – 700073, West Bengal, India
Income-tax PAN of auditor or auditor's firm :	AAFFM5722J
Memberships :	--
Collaborators :	--
Holdings Company :	MKN Investment Private Limited (CIN - U67120WB1991PTC051851)

CAPITAL STRUCTURE

After on 29.08.2017

Authorised Capital : INR 1027.000 Million

Issued, Subscribed & Paid-up Capital : INR 0.500 Million

As on 31.03.2017

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	INR 10/- each	INR 10.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	INR 10/- each	INR 0.500 Million

FINANCIAL DATA

[all figures are in INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2017	31.03.2016	31.03.2015
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.500	0.500	0.500
(b) Reserves & Surplus	(0.254)	(0.254)	(0.244)
(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)	0.246	0.246	0.256
(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	0.000	0.000	0.000
(c) Other current liabilities	0.005	0.005	0.005
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	0.005	0.005	0.005
TOTAL	0.251	0.251	0.261
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	0.000	0.000	0.000
(d) Cash and cash equivalents	0.041	0.040	0.044
(e) Short-term loans and advances	0.208	0.209	0.215
(f) Other current assets	0.002	0.002	0.002
Total Current Assets	0.251	0.251	0.261
TOTAL	0.251	0.251	0.261

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017	31.03.2016	31.03.2015
	SALES
	Income	0.000	0.000	0.000
	Other Income	0.017	0.017	0.019
	TOTAL	0.017	0.017	0.019
Less	EXPENSES
	Other expenses	0.017	0.027	0.018
	TOTAL	0.017	0.027	0.018
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	0.000	(0.010)	0.001
Less	FINANCIAL EXPENSES	0.000	0.000	0.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	0.000	(0.010)	0.001
Less	DEPRECIATION/ AMORTISATION	0.000	0.000	0.000
	PROFIT/ (LOSS) BEFORE TAX	0.000	(0.010)	0.001
Less	TAX	0.000	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX	0.000	(0.010)	0.001
	Earnings / (Loss) Per Share (INR)	0.00	(0.20)	0.01

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 flows from (used in) operation	0.018	0.013	0.017

KEY RATIOS

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.02	0.02	0.02
Debt Equity Ratio (Total Liability / Networth)	0.00	0.00	0.00
Current Liabilities to Networth (Current Liabilities / Net Worth)	0.02	0.02	0.02
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		31.03.2017	31.03.2016	31.03.2015
Net Profit Margin ((PAT / Total Sales) * 100)	%	0.00	(58.82)	5.26
Return on Total Assets ((PAT / Total Assets) * 100)	%	0.00	(3.98)	0.38
Return on Investment (ROI) ((PAT / Networth) * 100)	%	0.00	(4.07)	0.39

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	50.20	50.20	52.20
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	50.20	50.20	52.20
G-Score Ratio Financial (Networth / Total Assets)	0.98	0.98	0.98
G-Score Ratio Debt (Debts / Equity Capital)	0.00	0.00	0.00
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	50.20	50.20	52.20

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	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Share Capital	0.500	0.500	0.500
Reserves & Surplus	(0.244)	(0.254)	(0.254)
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	0.256	0.246	0.246
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	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Total Income	0.019	0.017	0.017
		(10.526)	0.000

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	0.019	0.017	0.017
Profit/ (Loss)	0.001	(0.010)	0.000
	5.26%	(58.82%)	0.00%

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	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 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]	Litigations that the firm/promoter involved in	--
32]	Market information	--
33]	Payments terms	No
34]	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CHARGES

SNo	SRN	Charge Id	Charge Holder Name	Date of Creation	Amount	Address
1	G75055467	100150088	Indian Bank	26/12/2017	2000000000.0	Strand Road Branch, 3A Hare Street, Kolkata -700001, West Bengal, India
2	G55619001	100126470	Vijaya Bank	11/09/2017	490000000.0	Corporate Banking Branch-18,N.S.Road, Kolkata -700001, West Bengal, India
3	G50273929	100115521	LAKSHMI VILAS BANK LIMITED	06/07/2017	750000000.0	3 Red Cross Place, Kolkata -700001, West Bengal, India
4	G81519530	100164652	LIC HOUSING FINANCE LTD	29/06/2017	100000000.0	South Area Office, Andhra Insurance Building3rd Floor, 12, Chowringhee SquareKOLKATAWB700001IN
5	G48552517	100110143	ORIENTAL BANK OF COMMERCE	22/06/2017	2250000000.0	Large Corporate Branch,6th Floor, Om Towers, 32, J. L. Nehru RoadKolkataWB700071IN
6	G45876760	100102745	UCO Bank	19/05/2017	2875000000.0	FCC-IEP BRANCH2, INDIA EXCHANGE PLACEKOLKATAWB700001IN
7	G48315105	100109461	Syndicate Bank	18/05/2017	1900000000.0	6 NS Road BranchKOLKATAWB700001IN
8	G46291639	100103878	United Bank of India	06/05/2017	1000000000.0	11, HEMANTA BASU SARANIKOLKATAWB700001IN
9	G40844342	100089375	IFCI LIMITED	06/03/2017	2000000000.0	IFCI Tower, 61 Nehru Place,New Delhi
10	G22174213	100060406	IL&FS FINANCIAL SERVICES LIMITED	05/10/2016	600000000.0	II & FS FINANCIAL CENTREPLOT NO C-22 G BLOCKBANDRA KURLA COMPLEX BANDRA EMUMBAIMa400051IN

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	Indian Rupees
US Dollar	1	INR 67.72
UK Pound	1	INR 91.65
Euro	1	INR 79.89

INFORMATION DETAILS

Information Gathered by :
Analysis Done by :	PYK
Report Prepared by :	TRUP

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.