Consider the following statements regarding Very Short Range Air Defence System (VSHORADS) missile:

I. VSHORADS is a Man Portable Air Defence System (MANPAD).

II. It is designed and developed indigenously by DRDO’s Hyderabad-based Research Centre Imarat (RCI).

III. The missile has capable of neutralizing low altitude aerial threats at short ranges.

Which of the statements given above is/are correct?