MIRA INFORM REPORT

Report Date :

25.04.2011

IDENTIFICATION DETAILS

Name :	SONY MARKETING
Registered Office :	C – Block No. 628, Upper Ground, Kohinoor Textile, Ring Road, Surat, Gujarat
Country :	India
Financials (as on) :	28.02.2011 (Provisional)
Date of Incorporation :	10.05.1989
PAN No.: [Permanent Account No.]	AACHP2152A
Legal Form :	Sole Proprietory Concern
Line of Business :	Trader of Paper Products.

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	No Complaints
Litigation :	Clear
Comments :	Subject is an established concern in its field. Trade relations are reported to be fair. No valuation report has been provided. No complaints have been heard from indirect or market sources. It would be advisable to take adequate securities while dealing with the subject.

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 – April 1, 2010

Country Name	Previous Rating (31.12.2009)	Current Rating (01.04.2010)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INFORMATION PARTED BY

Name :	Mr. Prabhat Kumar Agarwal
Designation :	Proprietor
Contact No.:	91-9825131452
Date :	21.04.2011

LOCATIONS

Registered Office :	C – Block No. 628, Upper Ground, Kohinoor Textile, Ring Road, Surat, Gujarat, India
Tel. No.:	91-261-3080452
Mobile No.:	91-9825131452 (Mr. Prabhat Kumar Agarwal)
E-Mail :	sonyduplex@gmail.com
Area :	400 sq. ft.
Location :	Owned

SOLE PROPRIETOR

Name :	Mr. Prabhat Kumar Agarwal
Designation :	Proprietor

BUSINESS DETAILS

Line of Business :	Trader of Paper Products.
Products :	Paper Products
Terms :
Selling :	Cash and Credit (30-60-90 days)
Purchasing :	Cash and Credit (30-60-90 days)

GENERAL INFORMATION

Customers :	End Users and OEM’s
No. of Employees :	6 (Approximately)
Bankers :	· Corporation Bank · IDBI Bank Surat Main Branch, Gujarat, India

Banking Relations :	--
Auditors :
Name :	P. M. Surana and Associates Chartered Accountant
Address :	Surat, Gujarat, India

CAPITAL STRUCTURE

(AS ON 28.02.2011 – PROVISIONAL)

Capital Investment :
Owned :	Rs.1.776 Millions
Borrowed :	Rs.20.708 Millions
Total :	Rs.22.484 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		28.02.2011 (Provisional)	31.03.2011 (Provisional)	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		1.776	1.783	1.999	1.349
2] Share Application Money		0.000	0.000	0.000	0.000
3] Reserves & Surplus		0.000	0.000	0.000	0.000
4] (Accumulated Losses)		0.000	0.000	0.000	0.000
NETWORTH		1.776	1.783	1.999	1.349
LOAN FUNDS
1] Secured Loans		9.905	9.862	0.111	3.822
2] Unsecured Loans		10.803	11.163	2.395	8.204
TOTAL BORROWING		20.708	21.025	2.506	12.026
DEFERRED TAX LIABILITIES		0.000	0.000	0.000	0.000
TOTAL		22.484	22.808	4.505	13.375
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		2.646	2.645	0.144	0.173
Capital work-in-progress		0.000	0.000	0.000	0.000
INVESTMENT		0.360	0.360	0.005	0.005
DEFERREX TAX ASSETS		0.000	0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	6.327	5.315	0.000	3.822
	Sundry Debtors	29.957	26.274	1.986	26.985
	Cash & Bank Balances	0.505	0.094	0.152	0.193
	Other Current Assets	0.027	0.027	0.000	0.000
	Loans & Advances	0.025	0.055	2.335	0.201
Total Current Assets		36.841	31.765	4.473	31.201
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	17.363	11.930	0.116	17.414
	Other Current Liabilities	0.000	0.032	0.001	0.590
	Provisions	0.000	0.000	0.000	0.000
Total Current Liabilities		17.363	11.962	0.117	18.004
Net Current Assets		19.478	19.803	4.356	13.197
MISCELLANEOUS EXPENSES		0.000	0.000	0.000	0.000
TOTAL		22.484	22.808	4.505	13.375

PROFIT & LOSS ACCOUNT

	PARTICULARS		28.02.2011 (Provisional)	31.03.2011 (Provisional)	31.03.2010	31.03.2009
	SALES
		Income	79.665	83.512	51.624	90.520
		Other Income	1.121	1.704	2.261	1.358
		TOTAL (A)	80.786	85.216	53.885	91.878
Less	EXPENSES
		Cost of Goods Sold	75.836	79.294	0.000	85.868
		Opening Stock	0.000	0.000	3.822	0.000
		Hamali Expenses for Purchases	0.000	0.000	0.119	0.000
		Purchase	0.000	0.000	45.850	0.000
		Inward Freight Expenses	1.753	1.875	1.361	2.492
		Late Payment Interests Expenses	0.720	0.756	0.528	0.602
		Audit Fees	0.000	0.000	0.012	0.012
		Car Expenses	0.000	0.000	0.024	0.039
		Citi Bank Credit Card	0.029	0.040	0.000	0.000
		Computer Expenses	0.004	0.004	0.003	0.004
		Conveyance Expenses	0.040	0.044	0.025	0.041
		Donation	0.000	0.000	0.001	0.000
		Godown Powerbill Expenses	0.006	0.006	0.004	0.004
		Godown Rent Expenses	0.190	0.228	0.126	0.189
		Hamali Freight Expenses	0.000	0.000	0.000	0.229
		Insurance Expenses	0.101	0.101	0.056	0.063
		Legal Fees Expenses	0.005	0.005	0.006	0.017
		Office Expenses	0.012	0.013	0.021	0.036
		Office Powerbill Expenses	0.013	0.015	0.002	0.003
		Office Rent	0.006	0.006	0.000	0.022
		Postage Expenses	0.005	0.005	0.004	0.005
		Professional Tax	0.002	0.002	0.002	0.002
		Salary Expenses	0.155	0.168	0.099	0.146
		Stationary and PTG A/c	0.015	0.015	0.002	0.014
		Surat Municipal Vera Expenses	0.003	0.004	0.015	0.002
		Telephone Expenses	0.017	0.018	0.014	0.019
		Vat Expenses	0.000	0.000	0.017	0.005
		Vehicles Expenses	0.012	0.010	0.009	0.013
		Other Expenses	0.000	0.000	0.000	0.000
		TOTAL (B)	78.924	82.609	52.122	89.826
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1.862	2.607	1.763	2.052
Less	FINANCIAL EXPENSES (D)		1.274	1.965	1.243	1.427
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		0.588	0.642	0.520	0.625
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.000	0.000	0.027	0.035
	NET PROFIT (E-F) (G)		0.588	0.642	0.493	0.590

KEY RATIOS

PARTICULARS		28.02.2011 (Provisional)	31.03.2011 (Provisional)	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.73	0.75	0.91	0.64
Net Profit Margin (PBT/Sales)	(%)	0.74	0.77	0.95	0.65
Return on Total Assets (PBT/Total Assets}	(%)	1.49	1.87	10.68	1.88
Return on Investment (ROI) (PBT/Networth)		0.33	0.36	0.25	0.44
Debt Equity Ratio (Total Liability/Networth)		21.44	18.50	1.31	22.26
Current Ratio (Current Asset/Current Liability)		2.12	2.66	38.23	1.73

LOCAL AGENCY FURTHER INFORMATION

COMPUTATION OF TOTAL INCOME

(MR. PRABHAT KUMAR AGARWAL HUF)

(RS. IN MILLIONS)

Particulars	2010 – 2011
PROFITS AND GAINS FROM BUSINESS AND PROFESSION			0.494
SONY MARKETING
Net Profit As per P and L A/c		0.493
Add:
Depreciation Disallowed	0.027
Donation	0.001	0.028
Less: Allowed Depreciation		0.521
		(0.027)
		0.494
INCOME FROM OTHER SOURCES			0.000
Interests Bank SB account		0.000
Total		0.000
GROSS TOTAL INCOME			0.494
Less: Deductions Under Chapter – VIA
80 C Deduction		0.071
80G Donation (50%)		0.001
Total Deductions			0.072
Total Income			0.423
Total Income Rounded Off U/s 288 A			0.423
COMPUTATION OF TAX ON TOTAL INCOME
Tax on Rs.160000	Nil
Tax On Rs.140000 (300000 – 160000) @ 10%	0.014
Tax on Rs.122510 (422510 – 300000) @ 20%	0.024
Tax on Rs.0.423 Millions		0.038
Add: Education cess @ 2%		0.001
		0.039
Add: Secondary and Higher Education Cess @ 1%		0.000
		0.039
Less Tax Deducted at Sources
Interests other than Interests on Securities		0.011
		0.029
Less Advance Tax
Bank of Baroda, Surat – Salabatpura – 0200262-23-16/09/2009		0.025
		0.004
Add: Interests Payable
Interests U/s 234B	0.000
Interests U/s 234C	0.000	0.000
		0.004
Less Self Assessment Tax U/s 140 A		0.004
Tax Payable		NIL
Details of Deduction u/s 80C
LIC		0.071
Total		0.071

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MR. PRABHAT KUMAR VISHNUPRASAD AGARWAL

CAPITAL ACCOUNT

(RS. IN MILLIONS)

Particulars	31.03.2010	Particulars	31.03.2010
To Income Tax	0.004	By Net Profit	0.248
To Drawings	0.055	By Opening Capital	1.387
To LIC	0.092	By Mediclaim (HDFC)	0.049
To SMC Tax	0.001
To HDFC	0.003
To closing Balance	1.529
Total	1.684	Total	1.684

ABRIDGED BALANCE SHEET

(RS. IN MILLIONS)

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		1.529
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		0.000
NETWORTH		1.529
LOAN FUNDS
1] Secured Loans		7.775
2] Unsecured Loans		6.275
TOTAL BORROWING		14.050
DEFERRED TAX LIABILITIES		0.000
TOTAL		15.579
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.195
Capital work-in-progress		0.000
INVESTMENT		0.360
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	4.250
	Sundry Debtors	18.067
	Cash & Bank Balances	0.861
	Other Current Assets	0.000
	Loans & Advances	0.700
Total Current Assets		23.878
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	8.848
	Other Current Liabilities	0.000
	Provisions	0.006
Total Current Liabilities		8.854
Net Current Assets		15.024
MISCELLANEOUS EXPENSES		0.000
TOTAL		15.579

PROFIT & LOSS ACCOUNT

(RS. IN MILLIONS)

	PARTICULARS		31.03.2010
	SALES
		Income	28.476
		Other Income	0.408
		TOTAL (A)	28.884
Less	EXPENSES
		Cost of Goods Sold	27.104
		Hamali Expenses	0.069
		Inward Freight	0.792
		Audit Fees Expenses	0.007
		Citi Bank Credit Card	0.024
		Conveyance Expenses	0.017
		Godown Rent Expenses	0.042
		Legal Fee Expenses	0.019
		Office Expenses	0.005
		Salary Expenses	0.064
		Telephone Expenses	0.003
		Vehicles Expenses	0.004
		Other Expenses	0.012
		TOTAL (B)	28.162
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		0.722
Less	FINANCIAL EXPENSES (D)		0.474
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		0.248
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.000
	NET PROFIT (E-F) (G)		0.248

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ASSESSMENT OF WORKING CAPITAL REQUIREMENT

PARTICULARS OF THE EXISTING/ PROPOSED LIMITS FROM THE BANKING SYSTEM

(LIMITS FROM ALL BANKS AND FINANCIAL INSTITUTIONS AS ON DATE OF APPLICATION)

(RS. IN MILLIONS)

Name of the Bank	Nature of Facility	Existing Limit	Balance O/s As on Date 31.03.2011	Limits Now Requested
IDBI	Fund Based Cash Credit (Hypothecation of stock cum Book debts)	7.800	7.455	7.800
Total		7.800	7.455	7.800

------------------------------------------------------------------------------------------------------------------------------

OPERATING STATEMENT

(RS. IN MILLIONS)

Particulars	2010-11	2011-12	2012-13	2013-14
	(Provisional)	(Projections)
Gross Income
Domestic Sales	83.512	91.028	99.220	108.150
Export Sales	--	--	--	--
Total	83.512	91.028	99.220	108.150
Less: Excise Duty	--	--	--	--
Net Sales	83.512	91.028	99.220	108.150
%age rise/ fall in net sales as compared to previous year	193.27%	9.00%	9.00%	9.00%
Other Income	1.704	1.858	2.025	2.207
Total	1.704	1.858	2.025	2.207
Sub - Total	85.216	92.886	101.245	110.358
Cost of Sales
Purchases	80.359	86.515	94.409	102.888
Other trading expenses 9Process charges, Carriage inward, comm., and brokerage on purchases etc.)	2.631	2.868	3.126	3.407
Sub – Total	82.990	89.383	97.535	106.295
Add: Opening Stocks	4.250	5.315	5.400	5.600
Total	87.240	94.698	102.935	111.895
Deduct: Closing Stocks	5.315	5.400	5.600	5.800
Sub Total (Total Cost of Sales)	81.925	89.298	97.335	106.095
General, Administrative and selling Expenses	1.539	1.800	1.970	2.160
Operating Profit before interests and Depreciation	1.753	1.788	1.941	2.103
Interests	1.111	0.913	0.913	0.913
Depreciation	--	--	--	--
Operating Profit after Interests and Depreciation	0.642	0.875	1.028	1.190
Add: Other Non-Operating Income	--	--	--	--
Deduct: Other Non-Operating Expenses	--	--	--	--
Net of other non-operating income/ expenses	--	--	--	--
Profit before tax	0.642	0.875	1.028	1.190
Provision for taxes	--	--	--	--
Net Profit/ loss	0.642	0.875	1.028	1.190
Equity Dividend Paid	0.388	0.463	0.538	0.613
Dividends Rate	--	--	--	--
Retained Profit	0.254	0.412	0.490	0.577
Retained Profit/ Net Profit (% age)	3.950	4.707	4.765	4.847

------------------------------------------------------------------------------------------------------------------------------

BALANCE SHEET

(RS. IN MILLIONS)

Particulars	2010-11	2011-12	2012-13	2013-14
	(Estimated)	(Projected)
LIABILITIES
CURRENT LIABILITIES
Short term borrowings banks (Including bills purchased, discounted and excess borrowing placed on repayment basis)
- From Applicant Bank	7.455	7.800	7.800	7.800
- From Other Banks	--	--	--	--
(Of which BP and BD)
Sub Total (A)	7.455	7.800	7.800	7.800
Short Term borrowing- others	--	--	--	--
Creditors	7.739	3.673	4.008	4.368
Current Liabilities	--	--	--	--
Security Deposits and Payable to Dealers	--	--	--	--
Provision for taxation	--	--	--	--
Other Current Liabilities and Provisions	4.223	0.603	0.762	0.950
SUB TOTAL (B)	11.962	4.276	4.770	5.318
TOTAL CURRENT LIABILITIES	19.417	12.076	12.570	13.118
TERM LIABILITIES
Debentures	--	--	--	--
Creditors for Capital Goods	--	--	--	--
Term Loan	--	--	--	--
Deferred sales Tax liabilities	--	--	--	--
Term Deposits	--	--	--	--
Other Term Liabilities
- From Relatives and Friends	11.163	11.163	11.163	11.163
- Others	2.407	1.926	1.541	1.233
TOTAL TERM LIABILITIES	13.570	13.089	12.704	12.395
TOTAL OUTSIDE LIABILITIES	32.987	25.165	25.274	25.514
NET WORTH
Ordinary Share Capital	1.529	1.783	2.195	2.685
Loan from Directors and Share Holders	--	--	--	--
Share Application Money	--	--	--	--
Deferred Tax Liability	--	--	--	--
Reserve and Surplus	--	--	--	--
Surplus (+) Deficit (-) in Profit and Loss A/c	0.254	0.412	0.490	0.577
TOTAL NET WORTH	1.783	2.195	2.685	3.262
TOTAL LIABILITIES	34.770	27.359	27.959	28.775
ASSETS
CURRENT ASSETS
Cash and bank balances	0.094	0.200	0.250	0.275
Investment	--	--	--	--
Receivables	26.274	18.704	19.029	19.615
- Domestic Receivables
INVENTORY
Raw Materials
- Imported	--	--	--	--
- Indigenous	--	--	--	--
Stock in Process	--	--	--	--
Finished Goods	5.315	5.400	5.600	5.800
Other Consumable Spares	--	--	--	--
Advances to suppliers	--	--	--	--
Advance Payment of Taxes	--	--	--	--
Other Current Assets	0.082	0.050	0.075	0.080
TOTAL CURRENT ASSETS	31.765	24.354	24.954	25.770
FIXED ASSETS
Gross Block	2.645	2.645	2.645	2.645
Depreciation to date	--	--	--	--
Net Block	2.645	2.645	2.645	2.645
OTHER NON CURRENT ASSETS
Long term investments (In Subsidiaries)	0.360	0.360	0.360	0.360
Other non Current assets	--	--	--	--
Total other non Current Assets	0.360	0.360	0.360	0.360
Intangible Assets	--	--	--	--
TOTAL ASSETS	34.770	27.359	27.959	28.775
Tangible Net worth	1.783	2.195	2.685	3.262
Net Working Capital	12.348	12.278	12.383	12.652
Current Ratio	1.64	2.02	1.99	1.96
Total Outside Liabilities/ Net worth	18.51	11.47	9.41	7.82
Quasi Total Outside Liabilities/ Net worth	1.69	1.05	1.02	0.99

------------------------------------------------------------------------------------------------------------------------------

COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES

(RS IN MILLIONS)

Particulars	2010-11	2011-12	2012-13
	(Estimated)	(Projected)
A CURRENT ASSETS
Cash and Bank Balance	0.094	0.200	0.250
Investment (Other than long term Investments)	--	--	--
Receivable Other than deferred and exports (Including Bills purchased and discounted by banks)	26.274	18.704	19.029
Export Receivable (Including Bills purchased and discounted by Banks)	--	--	--
Installment of Deferred Receivable (Due within one year)	--	--	--
Inventories
Raw Materials
- Imported	--	--	--
- Indigenous	--	--	--
Stock in Process	--	--	--
Finished Goods	5.315	5.400	5.600
Advances to suppliers of raw materials and stores/ spares consumable	--	--	--
Advance Payable of Taxes	--	--	--
Other current Assets including cash and bank balances and deferred receivable due within one year	0.082	0.050	0.075
TOTAL CURRENT ASSETS	31.765	24.354	24.954
B CURRENT LIABILITIES
[Other than bank borrowing for working capital]
Creditors for purchases of raw materials and stores and consumable spares	7.739	3.673	4.008
Advances from customers	--	--	--
Statutory Liabilities	--	--	--
Other Current Liabilities	4.223	0.603	0.762
TOTAL CURRENT LIABILITIES	11.962	4.276	4.770

------------------------------------------------------------------------------------------------------------------------------

COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL

(RS IN MILLIONS)

Particulars	2010-11	2011-12	2012-13
	(Estimated)	(Projected)
Total Current Assets	31.765	24.354	24.954
Other Current Liabilities (other than bank borrowing)	11.962	4.276	4.770
Working capital gap [WCG]	19.803	20.078	20.183
Min. stipulated Net Working Capital – 25 % of total current assets other than Export Receivables	7.941	6.089	6.238
Actual/ Projected net working capital	12.348	12.278	12.383
Item 3 minus item 4	11.861	13.990	13.945
Item 3 minus item 5	7.455	7.800	7.800
Maximum permissible bank finance	7.455	7.800	7.800
Excess borrowings, if any representing shortfall in NWC	--	--	--

------------------------------------------------------------------------------------------------------------------------------

FUND FLOW STATEMENT

(RS. IN MILLIONS)

Particulars	2010-11	2011-12	2012-13	2013-14
	(Estimated)	(Projected)
SOURCES
Net profit After Tax	0.642	0.875	1.028	1.190
Depreciation	--	--	--	--
Increase in Capital	--	--	--	--
Increase in Term Liability	2.407	--	--	--
Decrease in
- Fixed Assets	--	--	--	--
- Other Non Current Assets	--	--	--	--
Others	4.888	--	--	--
TOTAL SOURCES	7.937	0.875	1.028	1.190
USES
Net Loss	--	--	--	--
Decrease in Term Liability	--	0.481	0.385	0.308
Increase in
- Fixed Assets	2.450	--	--	--
- Other Non Current Assets	--	--	--	--
Dividend Payments	--	--	--	--
Withdrawals	0.388	0.463	0.538	0.613
Other Unsecured Loans	--	--	--	--
TOTAL USES	2.838	0.945	0.923	0.921
Long Term Surplus (+) Deficit (-)	5.098	(0.069)	0.105	0.269
Increase/ Decrease in current Assets (as per details Given Below)	7.887	(7.410)	0.599	0.817
Increase/ decrease in current Liabilities other Than Bank Borrowing	3.108	(7.686)	0.494	0.548
Increase/ decrease Working Capital Gap	4.778	0.276	0.105	0.269
Net surplus (+)/ Deficit (-)	0.320	(0.345)	--	--
(+)/ (-) in Cash Credit	(0.320)	0.345	--	--
(+)/ (-) in Net Sales	55.035	7.516	8.193	8.930
Break-Up of (4)
Increase/ Decrease in Stock in Trade	1.065	0.085	0.200	0.200
Increase/ Decrease in Consumable	--	--	--	--
Increase/ Decrease in Finished Goods	--	--	--	--
Increase/ Decrease in Receivables
Domestic	8.208	(7.570)	0.324	0.587
Export	--	--	--	--
Increase/ Decrease in Other current Assets	(1.386)	0.075	0.075	0.030
Total	7.887	(7.410)	0.599	0.817

------------------------------------------------------------------------------------------------------------------------------

STATEMENT OF ASSETS AND LIABILITIES

NAME OF THE APPLICANT: MR. PRABHAT KUMAR AGARWAL

(RS. IN MILLIONS)

ASSETS

IMMOVABLE PROPERTIES

Particulars	Applicant
Address of the Property with survey No./ door No. etc.	Flat C/303, Surat, Gujarat, India Flat No.102, Happy Residency, India Shop No. 628, Kohinoor Textile Market, Ring Road, India
Description	House House Shop
Present Market / Assessed Value	Rs.0.110 Million Rs.2.439 Millions Rs.0.085 Millions

GOVERNMENT SECURITIES/ NSC/ NSS ETC.

Description	NSC
Present Value of securities	Rs.0.010 Million

SHARES/ DEBENTURES/ MUTUAL FUNDS/ UNIT ETC.

Description	Kartik Shares Sahyog Fibres
Present Value	Rs.0.010 Million Rs.0.340 Millions

OTHER ASSETS

Computer	0.011
Cash in Hans and Bank	0.505
Other Current Assets	36.336
Total Value of Other Assets	Rs.36.852 Millions

TOTAL ASSETS

RS.39.846 MILLIONS

LIABILITIES

(FURNISH LOAN AVAILED FROM BANKS/ FINANCIAL INSTITUTION AND OTHER BORROWINGS)

Name of the Bank/ Institution	ICICI Bank and IDBI Bank
Nature/ Type of Loan	HL and CC
Amount Outstanding	Rs.2.542 Millions and Rs.7.363 Millions

Other Liabilities

Rs.28.165 Millions

TOTAL LIABILITIES

RS.38.070 MILLIONS

NET WORTH

RS.1.776 MILLIONS

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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 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	Rs.44.30
UK Pound	1	Rs.72.92
Euro	1	Rs.64.69

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
-	NB	New Business	-

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.