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|
|
MIRA
INFORM REPORT
|
Report No. : |
509504 |
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Report Date : |
23.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
PINNACLE INDUSTRIES LIMITED |
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Formerly Known
As : |
PINNACLE AUTO PRIVATE LIMITED |
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Registered
Office : |
Plot No 26, Yashwant Ghatge Nagar, Co-Operative Housing Society,
Yashwant Nagar, Range Hills Road, Pune – 411007, Maharashtra |
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Tel. No.: |
91-20-67414040 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
27.06.1996 |
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Com. Reg. No.: |
11-100600 |
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Capital
Investment / Paid-up Capital : |
INR 108.373 Million |
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|
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CIN No.: [Company Identification
No.] |
U50300PN1996PLC100600 |
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IEC No.: [Import-Export Code No.] |
3197000854 |
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PAN No.: [Permanent Account No.] |
AABCP1509P |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer, seller, buyer, assembler,
distributor, importer, exporter and dealer of auto component parts, seats,
cushion, seat frame, seat covers, spares and accessories. (Registered Activity) |
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|
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 2110000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1996 having a satisfactory track record. The subject is engaged as manufacturer, seller, buyer, assembler, distributor, importer, exporter and dealer of auto component parts, seats, cushion, seat frame, seat covers, spares and accessories. For the financial year 2017, the company has reported a marginal decline in its revenue as compared to its previous year but has managed to maintain a fair profit margin during the year. Rating takes into consideration, the satisfactory financial risk profile marked by adequate net worth base and strong debt protection metrics. Rating continue to draw comfort from its long and established track record of its business operation backed by its long standing experience of the promoters’ in auto ancillary segment. However, these rating strength gets partially offset by its presence in highly competitive auto ancillary industry with high bargaining power of OEMs resulting in limited pricing flexibility, concentrated customer base along with susceptibility of its operations to the cyclical automotive industry. Payment seems to be usually correct. In view of aforesaid, the company can be considered for business dealing at usual 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 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term = BBB |
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Rating Explanation |
Moderate degree of safety and moderate
credit risk |
|
Date |
28.03.2018 |
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Rating Agency Name |
CARE |
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Rating |
Short Term =A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
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Date |
28.03.2018 |
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 23.05.2018
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Sanjay Harkawat |
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Designation : |
Finance Department |
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Contact No.: |
91-7292-308030 |
|
Date : |
17.05.2018 |
|
Name : |
Mr. Vaibhav |
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Designation : |
Sales Department |
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Contact No.: |
91-9300130754 |
|
Date : |
22.05.2018 |
LOCATIONS
|
Registered Office : |
Plot No 26, Yashwant Ghatge Nagar, Co-Operative Housing Society,
Yashwant Nagar, Range Hills Road, Pune – 411007, Maharashtra |
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Tel. No.: |
91-20-67414040 |
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Mobile No.: |
91-9300130754 (Mr. Vaibhav) |
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Fax No.: |
Not Available |
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E-Mail : |
accounts@pinnacleindustries.com
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Website : |
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Corporate Office : |
9th Floor, Panchshil Tech Park One, Shivajinagar, Pune- 411 005, Maharashtra, India |
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Factory 1 : |
Plot No.190-191, Sector No.1, Industrial Estate, Pithampur
– 454 775, District Dhar, |
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Tel. No.: |
91-7292-308030/ 308330 |
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Fax No.: |
91-7292-308336 |
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Factory 2 : |
726/1/1, Sector No. 3, Industrial Estate Pithampur, Madhya Pradesh - 454 775, Madhya Pradesh, India |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Sudhir Sukhsampat Mehta |
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Designation : |
Director |
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Address : |
Plot No.26, Yashwant Nagar Co-Operative Housing Society, |
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Date of Birth/Age : |
05.06.1969 |
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Qualification : |
MBA, Bachelors Degree in Computer Science and Economics from |
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PAN No : |
AAXPM5946J |
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Date of Appointment : |
27.06.1996 |
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DIN No.: |
00056867 |
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Other
Directorship:
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Name : |
Mrs. Sunanda Sudhir Mehta |
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Designation : |
Whole-time Director |
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Address : |
Sanmitra, 132-B-2A, |
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Date of Birth/Age : |
07.07.1971 |
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Qualification : |
B.A., Master in Business Administration in Finance and International
Business from |
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PAN No : |
AAXPM6063E |
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Date of Appointment : |
27.06.1996 |
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DIN No.: |
00289624 |
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Other
Directorship:
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Name : |
Mr. Virendra Mehta |
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Designation : |
Director |
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Address : |
7, Radio Colony, |
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Date of Birth/Age : |
10.02.1956 |
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Date of Appointment : |
20.10.2009 |
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DIN No.: |
02942901 |
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Other
Directorship:
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Name : |
Mr. Abhay Singh Bharaktiya |
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Designation : |
Director |
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Address : |
13, Yeshwant Colony, |
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Date of Birth/Age : |
23.01.1945 |
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Date of Appointment : |
01.04.2012 |
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DIN No.: |
05254905 |
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Name : |
Ms. Ritika Mehta |
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Designation : |
Director |
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Address : |
Plot No.26, Yashwant Nagar Co-Operative Housing Society, Ganesh Khind Road, Shivaji Nagar, Pune – 411 007, Maharashtra, India |
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PAN No : |
CSDPM0328N |
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Date of Appointment : |
15.02.2016 |
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DIN No.: |
07437095 |
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Other
Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Sanjay Harkawat |
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Designation : |
Finance Department |
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|
Name : |
Mr. Vaibhav |
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Designation : |
Sales Department |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Sudhir Mehta |
|
2418627 |
|
Sunanda Mehta |
|
2118460 |
|
Sanjay Harkawat |
|
1 |
|
Satish A. Gundecha |
|
1 |
|
Bhupendra Premchand Jain |
|
1 |
|
Lalit V. Kothari |
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2 |
|
Arihant Mehta |
|
150083 |
|
Ritika Mehta |
|
150084 |
|
Prasaana Holdings Private Limited |
|
6000000 |
|
Total |
|
10837259 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
93.80 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
6.20 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, seller, buyer,
assembler, distributor, importer, exporter and dealer of auto component
parts, seats, cushion, seat frame, seat covers, spares and accessories. (Registered Activity) |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
P.G. Bhagwat Chartered Accountants |
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Address : |
Suite No.102 Orchard, Dr. Pai Marg Baner, Pune – 41045, Maharashtra,
India |
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Income-tax
PAN of auditor or auditor's firm : |
AAZPA3362N |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates: |
(CIN - U74999PN2016PTC166465)
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Subsidiaries : |
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Other Related Party : |
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CAPITAL STRUCTURE
After 29.09.2017
Authorised Capital : INR 140.000
Million
Issued, Subscribed & Paid-up Capital : INR 118.373 Million
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
INR 10/- each |
INR 80.000 Million |
|
6000000 |
Preference Shares |
INR 10/- each |
INR 60.000 Million |
|
|
Total |
|
INR 140.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4837259 |
Equity Shares |
INR 10/- each |
INR 48.373 Million |
|
6000000 |
Preference Shares |
INR 10/- each |
INR 60.000 Million |
|
|
Total |
|
INR 108.373
Million |
FINANCIAL DATA
[all figures are 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 |
108.373 |
107.632 |
46.799 |
|
(b) Reserves and Surplus |
633.531 |
550.866 |
448.262 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
741.904 |
658.498 |
495.061 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
314.578 |
343.039 |
405.300 |
|
(b) Deferred tax liabilities (Net) |
62.993 |
67.534 |
71.707 |
|
(c) Other long-term
liabilities |
44.400 |
39.600 |
39.600 |
|
(d) long-term
provisions |
2.983 |
2.964 |
2.571 |
|
Total Non-current
Liabilities (3) |
424.954 |
453.137 |
519.178 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
186.849 |
132.845 |
154.858 |
|
(b) Trade
payables |
256.712 |
266.257 |
180.841 |
|
(c) Other
current liabilities |
203.921 |
174.467 |
153.569 |
|
(d) Short-term
provisions |
11.120 |
10.452 |
11.787 |
|
Total Current
Liabilities (4) |
658.602 |
584.021 |
501.055 |
|
|
|
|
|
|
TOTAL |
1825.460 |
1695.656 |
1515.294 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
869.119 |
833.429 |
776.042 |
|
(ii)
Intangible Assets |
23.306 |
26.056 |
3.652 |
|
(iii) Tangible assets
capital work-in-progress |
17.259 |
0.123 |
0.827 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
328.785 |
252.649 |
170.187 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
60.510 |
71.952 |
36.300 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1298.979 |
1184.209 |
987.008 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
226.974 |
207.747 |
211.875 |
|
(c) Trade
receivables |
130.276 |
153.447 |
114.405 |
|
(d) Cash and
bank balances |
32.423 |
17.562 |
6.641 |
|
(e)
Short-term loans and advances |
135.782 |
132.471 |
194.906 |
|
(f) Other
current assets |
1.026 |
0.220 |
0.459 |
|
Total
Current Assets |
526.481 |
511.447 |
528.286 |
|
|
|
|
|
|
TOTAL |
1825.460 |
1695.656 |
1515.294 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1610.833 |
1687.251 |
1455.233 |
|
|
Other Income |
84.092 |
59.739 |
49.572 |
|
|
TOTAL |
1694.925 |
1746.990 |
1504.805 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1038.973 |
1123.114 |
931.784 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(33.695) |
(23.826) |
3.403 |
|
|
Employee benefit expense |
247.887 |
215.305 |
166.095 |
|
|
CSR expenditure |
1.637 |
0.521 |
0.500 |
|
|
Other expenses |
185.068 |
172.262 |
124.798 |
|
|
Exceptional items before tax |
0.000 |
0.000 |
24.220 |
|
|
TOTAL |
1439.870 |
1487.376 |
1250.800 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
255.055 |
259.614 |
254.005 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
78.073 |
77.110 |
93.008 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
176.982 |
182.504 |
160.997 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
89.158 |
75.052 |
73.404 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
87.824 |
107.452 |
87.593 |
|
|
|
|
|
|
|
Less |
TAX |
10.808 |
16.876 |
27.689 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
77.016 |
90.576 |
59.904 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.174 |
9.749 |
16.016 |
|
|
TOTAL EARNINGS |
0.174 |
9.749 |
16.016 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
48.100 |
52.922 |
52.714 |
|
|
Components and spare
parts |
0.059 |
1.661 |
0.586 |
|
|
Capital Goods |
1.779 |
4.112 |
0.000 |
|
|
TOTAL IMPORTS |
49.938 |
58.695 |
53.300 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
7.107 |
8.415 |
5.566 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
111.211 |
100.817 |
92.934 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
269.980 |
333.697 |
210.547 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
250.143 |
303.212 |
186.247 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
29.52 |
33.19 |
28.69 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
12.36 |
11.00 |
12.72 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
90.19 |
86.53 |
70.84 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.12 |
1.25 |
1.20 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.28 |
0.30 |
0.33 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.59 |
0.61 |
0.66 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.83 |
0.88 |
1.32 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.89 |
0.89 |
1.01 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.23 |
1.31 |
1.58 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.27 |
3.37 |
2.73 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
4.78 |
5.37 |
4.12 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
4.22 |
5.34 |
3.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
10.38 |
13.75 |
12.10 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.80 |
0.88 |
1.05 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.45 |
0.52 |
0.63 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.41 |
0.39 |
0.33 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
5.65 |
5.36 |
13.96 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.80 |
0.88 |
1.05 |
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 |
46.799 |
107.632 |
108.373 |
|
Reserves & Surplus |
448.262 |
550.866 |
633.531 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
495.061 |
658.498 |
741.904 |
|
|
|
|
|
|
Long-term borrowings |
405.300 |
343.039 |
314.578 |
|
Short term borrowings |
154.858 |
132.845 |
186.849 |
|
Current maturities of
long-term debts |
92.934 |
100.817 |
111.211 |
|
Total
borrowings |
653.092 |
576.701 |
612.638 |
|
Debt/Equity
ratio |
1.319 |
0.876 |
0.826 |
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) |
|
Sales |
1455.233 |
1687.251 |
1610.833 |
|
|
|
15.944 |
(4.529) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
1455.233 |
1687.251 |
1610.833 |
|
Profit/ (Loss) |
59.904 |
90.576 |
77.016 |
|
|
4.12
% |
5.37
% |
4.78
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
108.373 |
107.632 |
46.799 |
|
(b) Reserves and Surplus |
635.973 |
582.313 |
448.262 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.001 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
744.346 |
689.945 |
495.061 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
330.678 |
354.640 |
405.300 |
|
(b) Deferred tax liabilities (Net) |
62.911 |
67.534 |
71.707 |
|
(c) Other long-term
liabilities |
44.400 |
39.600 |
39.600 |
|
(d) long-term
provisions |
3.312 |
2.964 |
2.571 |
|
Total Non-current
Liabilities (3) |
441.301 |
464.738 |
519.178 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
186.849 |
132.845 |
154.858 |
|
(b) Trade
payables |
255.559 |
265.736 |
180.841 |
|
(c) Other
current liabilities |
208.243 |
175.248 |
153.569 |
|
(d) Short-term
provisions |
9.498 |
10.259 |
11.787 |
|
Total Current
Liabilities (4) |
660.149 |
584.088 |
501.055 |
|
|
|
|
|
|
TOTAL |
1845.796 |
1738.772 |
1515.294 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
871.092 |
833.438 |
776.042 |
|
(ii)
Intangible Assets |
23.306 |
26.056 |
3.652 |
|
(iii) Tangible assets
capital work-in-progress |
17.259 |
0.123 |
0.827 |
|
(iv)
Intangible assets under development |
149.842 |
119.807 |
0.000 |
|
(b) Non-current Investments |
192.392 |
170.871 |
170.187 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
63.035 |
75.454 |
36.300 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1316.926 |
1225.749 |
987.008 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
226.974 |
207.747 |
211.875 |
|
(c) Trade
receivables |
130.276 |
153.447 |
114.405 |
|
(d) Cash and
bank balances |
33.704 |
19.124 |
6.641 |
|
(e)
Short-term loans and advances |
136.748 |
132.486 |
194.906 |
|
(f) Other
current assets |
1.168 |
0.219 |
0.459 |
|
Total
Current Assets |
528.870 |
513.023 |
528.286 |
|
|
|
|
|
|
TOTAL |
1845.796 |
1738.772 |
1515.294 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1610.973 |
1687.426 |
1455.233 |
|
|
Other Income |
83.450 |
59.870 |
49.572 |
|
|
TOTAL |
1694.423 |
1747.296 |
1504.805 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1038.973 |
1123.114 |
931.784 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(33.695) |
(23.673) |
3.403 |
|
|
Employee benefit expense |
264.848 |
215.520 |
166.095 |
|
|
CSR expenditure |
1.637 |
0.521 |
0.500 |
|
|
Other expenses |
183.854 |
172.231 |
124.798 |
|
|
Exceptional items before tax |
0.000 |
0.000 |
24.220 |
|
|
TOTAL |
1455.617 |
1487.713 |
1250.800 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
238.806 |
259.583 |
254.005 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
78.087 |
77.111 |
93.008 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
160.719 |
182.472 |
160.997 |
|
|
|
|
|
|
|
Les |
DEPRECIATION/
AMORTISATION |
89.503 |
75.068 |
73.404 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
71.216 |
107.404 |
87.593 |
|
|
|
|
|
|
|
Less |
TAX |
10.726 |
16.876 |
27.689 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
60.490 |
90.528 |
59.904 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.174 |
9.749 |
16.016 |
|
|
TOTAL EARNINGS |
0.174 |
9.749 |
16.016 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.000 |
0.000 |
52.714 |
|
|
Components and spare
parts |
0.000 |
0.000 |
0.586 |
|
|
TOTAL IMPORTS |
0.000 |
0.000 |
53.300 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
5.582 |
8.411 |
5.566 |
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 |
Yes |
|
12] |
Voter Id Card No. of Proprietor / Partners |
Yes |
|
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 |
|
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
Yes |
|
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
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Intercorporate deposits |
50.000 |
50.000 |
|
Total |
50.000 |
50.000 |
INDEX OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G80888886 |
100163564 |
YES BANK LIMITED |
06/03/2018 |
- |
- |
50000000.0 |
NEHRU CENTRE, 9TH FLOOR, DISCOVERY OF INDIA, DR A B ROAD , WORLIMUMBAIMH400018IN |
|
2 |
G78805660 |
90088634 |
State Bank of India |
12/07/2003 |
20/02/2018 |
- |
697700000.0 |
COMMERCIAL BRANCH,NEAR GPO,A.B. ROAD,INDOREMP454775IN |
|
3 |
G76942051 |
10624695 |
INDIABULLS HOUSING FINANCE LIMITED |
10/02/2016 |
- |
05/02/2018 |
15000000.0 |
M - 62 & 63FIRST FLOOR, CONNAUGHT PLACENEW DELHIDL110001IN |
|
4 |
G44368843 |
10392346 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
30/11/2012 |
- |
17/05/2017 |
59400000.0 |
RAMON HOUSE 169BACKBAY RECLAMATIONH T PAREKH MARGMUMBAIMH400020IN |
|
5 |
B68275478 |
10065719 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA LIMITED |
16/08/2007 |
- |
09/02/2013 |
25000000.0 |
IDBI TOWER, WTC COMPLEX CUFFE PARADE MUMBAI-400005IN |
|
6 |
B58476250 |
10242329 |
HDFC BANK LIMITED |
17/09/2010 |
02/02/2012 |
31/08/2012 |
72500000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL W MUMBAIMH400013IN |
|
7 |
A94736774 |
10101736 |
IDBI Bank Limited |
28/03/2008 |
- |
14/09/2010 |
30000000.0 |
IDBI TOWER, WTC COMPLEX CUFFE PARADE MUMBAI-400005IN |
|
8 |
A94738226 |
90088580 |
IDBI Bank Limited |
25/01/2003 |
28/03/2006 |
14/09/2010 |
7000000.0 |
IDBI TOWER, WTC COMPLEX CUFFE PARADE MUMBAI-400005IN |
|
9 |
A94737442 |
10121173 |
IDBI Bank Limited |
07/08/2008 |
- |
14/09/2010 |
35000000.0 |
IDBI TOWER, WTC COMPLEX CUFFE PARADE MUMBAI-400005IN |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Other money for which company is contingently liable |
63.178 |
57.664 |
|
Total |
63.178 |
57.664 |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
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 68.02 |
|
UK Pound |
1 |
INR 91.25 |
|
Euro |
1 |
INR 80.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARC |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.
·