MIRA INFORM REPORT

Report Date :

29.12.2011

IDENTIFICATION DETAILS

Name :	APPLE INTERNATIONAL ENGINEERING WORKS PRIVATE LIMITED
Registered Office :	Survey No.62, plot No.23, Near Burnashell Petrol Pump, Valiv Village, Vasai (East), Thane – 401208, Maharashtra
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	04.04.2000
Com. Reg. No.:	11-125610
Capital Investment / Paid-up Capital :	Rs.89.674 Millions
CIN No.: [Company Identification No.]	U28113MH2000PTC125610
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of Brass Copper, Aluminium, Zinc, Bronze
No. of Employees :	300 (Approximately) (In Office + In Factory)

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 2000000
Status :	Satisfactory
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments. The Company can be considered normal for business dealings 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 – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
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. Devang Desai
Designation :	Marketing Manager
Contact No.:	91-9323273004
Date :	15.12.2011

LOCATIONS

Registered Office :	Survey No.62, plot No.23, Near Burnashell Petrol Pump, Valiv Village, Vasai (East), Thane – 401208, Maharashtra, India
Tel. No.:	91-250-2481645
Mobile No.:	91-9323273004 (Mr. Devang Desai)
Fax No.:	91-250-2481644
E-Mail :	info@appleinternational.com devang@appleinternational.com
Website :	http://appleinternational.com/
Location :	Owned
Sales Office :	‘A’ Wing, 2^nd Floor, Mhatre Pen Building, Senapati Bapat Marg, Dadar (West), Mumbai – 400008, Maharashtra, India
Tel. No.:	91-22-24323000
Fax No.:	91-22-24303131
E-Mail :	info@appleinternational.com
Factory 1 :	B – 19, Shankar Tekri, Udyognagar, Jamnagar – 361004, Gujarat, India
Tel. No.:	91-288-3096432 / 560753
Fax No.:	info@appleinternational.com
Factory 2 :	A/2/12, Goa Industrial Estate, Opposite Somnath Temple Viilage Dabhel, Nani – Daman – 396210, Gujarat, India
Tel. No.:	91-260-3098089
Fax No.:	info@appleinternational.com
Overseas Branch :	Steinweg 1b, A-4050, Tarun Austria
Tel. No.:	91-43-7229-72580
Fax No.:	91-43-4229-72580

DIRECTORS

As on 30.09.2011

Name :	Mr. Rajesh Manharlal Sanghvi
Designation :	Director
Address :	Kanchan Co-op HSG. Soc., B.W. Pathare Marg, Near Catering College, Shivaji Park, Dadar (W), Mumbai 400028, Maharashtra, India
Date of Birth/Age :	02.11.1959
Date of Appointment :	04.04.2000
DIN No.:	01543312

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U65900MH1994PTC082182	Multiplier Metals Private Limited	Director	20-10-94	20-10-94	-	Active	NO
2	U72900MH2000PTC125270	Amro Management Private Limited	Director	24-03-00	24-03-00	-	Active	NO
3	U28113MH2000PTC125610	Apple International Engineering Works Private Limited	Director	04-04-00	04-04-00	-	Active	YES
4	U27100MH2005PTC155033	Amro Metals Private Limited	Director	25-07-05	25-07-05	-	Active	NO
5	U45200MH2005PTC155134	Ganesh Malls Private Limited	Director	04-08-05	04-08-05	-	Active	NO
6	U70100MH2005PTC155199	Apple Plaza Private Limited	Director	08-08-05	08-08-05	-	Active	NO
7	U70100MH2005PTC155233	Amro Real Estates Private Limited	Director	09-08-05	09-08-05	-	Active	YES
8	U70100MH2005PTC155234	Multiplier Real Estates Private Limited	Director	09-08-05	09-08-05	-	Active	YES
9	U29199GJ2006PTC047924	Apple Enterprises Engineering Private Limited	Director	13-03-06	13-03-06	-	Active	NO
10	U70102MH2007PTC174253	Sea Bed Realtors Private Limited	Director	18-09-07	18-09-07	-	Active	NO
11	U45200MH2007PTC174259	Treasure Realties Private Limited	Director	18-09-07	18-09-07	-	Active	NO
12	U70102MH2007PTC174336	Flagship Real Estate Private Limited	Director	20-09-07	20-09-07	-	Active	NO
13	U70102MH2007PTC174337	Good Luck Real Estate Private Limited	Director	20-09-07	20-09-07	-	Active	NO
14	U45201MH2007PTC174338	Whiteshell Realtors Private Limited	Director	20-09-07	20-09-07	-	Active	NO
15	U70102MH2007PTC174339	Multiplier Properties Private Limited	Director	20-09-07	20-09-07	-	Active	NO
16	U45400MH2007PTC174351	Red Earth Real Estate Private Limited	Director	20-09-07	20-09-07	-	Active	NO
17	U45201MH2007PTC174395	Rockhard Developers Private Limited	Director	21-09-07	21-09-07	-	Active	NO
18	U45400MH2007PTC174400	Amro Properties Private Limited	Director	21-09-07	21-09-07	-	Active	NO
19	U45201MH2007PTC174483	Amro Malls Private Limited	Director	25-09-07	25-09-07	-	Active	NO
20	U45201MH2007PTC174484	Multiplier Malls Private Limited	Director	25-09-07	25-09-07	-	Active	NO
21	U45200MH2007PTC174529	Goodluck Malls Private Limited	Director	26-09-07	26-09-07	-	Active	NO
22	U45201MH2007PTC174502	Acqua Marine Realtors Private Limited	Director	26-09-07	26-09-07	-	Active	NO
23	U70102MH2007PTC174503	Unitra Real Estate Private Limited	Director	26-09-07	26-09-07	-	Active	NO
24	U45201MH2007PTC174504	Brice Real Estate Private Limited	Director	26-09-07	26-09-07	-	Active	NO
25	U45201MH2007PTC174505	Dainty Developers Private Limited	Director	26-09-07	26-09-07	-	Active	NO
26	U70200MH2007PTC174850	Belfast Real Estate Private Limited	Director	09-10-07	09-10-07	-	Active	NO
27	U70200MH2007PTC175015	Old Castle Real Estate Private Limited	Director	15-10-07	15-10-07	-	Active	NO
28	U70200MH2007PTC175016	Clarice Real Estate Private Limited	Director	15-10-07	15-10-07	-	Active	NO
29	U45400MH2007PTC175321	Blue High Real Estate Private Limited	Director	24-10-07	24-10-07	-	Active	NO
30	U27310MH2010PTC210177	Bicc Components Private Limited	Director	18-11-10	18-11-10	-	Active	NO

Name :	Mr. Divyesh Mahendra Sanghvi
Designation :	Director
Address :	Sanghvi Sadan, Ranade Rd, Shivaji Park, Dadar (W), Mumbai 400028, Maharashtra, India
Date of Birth/Age :	21.09.1961
Date of Appointment :	04.04.2000
DIN No.:	01610869

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U65900MH1994PTC082182	Multiplier Metals Private Limited	Director	20-10-94	20-10-94	-	Active	NO
2	U72900MH2000PTC125270	Amro Management Private Limited	Director	24-03-00	24-03-00	-	Active	NO
3	U51900MH1993PTC075612	Apple International Engineering Works Private Limited	Director	04-04-00	04-04-00	-	Dormant	NO
4	U28113MH2000PTC125610	Apple International Engineering Works Private Limited	Director	04-04-00	04-04-00	-	Active	YES
5	U51900MH1993PLC075613	Shirdi Industries Limited	Director	24-10-03	24-10-03	06-06-09	Active	NO
6	U27100MH2005PTC155033	Amro Metals Private Limited	Director	25-07-05	25-07-05	-	Active	NO
7	U45200MH2005PTC155134	Ganesh Malls Private Limited	Director	04-08-05	04-08-05	-	Active	NO
8	U70100MH2005PTC155199	Apple Plaza Private Limited	Director	08-08-05	08-08-05	-	Active	NO
9	U70100MH2005PTC155233	Amro Real Estates Private Limited	Director	09-08-05	09-08-05	-	Active	YES
10	U70100MH2005PTC155234	Multiplier Real Estates Private Limited	Director	09-08-05	09-08-05	-	Active	YES
11	U29199GJ2006PTC047924	Apple Enterprises Engineering Private Limited	Director	13-03-06	13-03-06	-	Active	NO
12	U70102MH2007PTC174253	Sea Bed Realtors Private Limited	Director	18-09-07	18-09-07	-	Active	NO
13	U45200MH2007PTC174259	Treasure Realties Private Limited	Director	18-09-07	18-09-07	-	Active	NO
14	U70102MH2007PTC174336	Flagship Real Estate Private Limited	Director	20-09-07	20-09-07	-	Active	NO
15	U70102MH2007PTC174337	Good Luck Real Estate Private Limited	Director	20-09-07	20-09-07	-	Active	NO
16	U45201MH2007PTC174338	Whiteshell Realtors Private Limited	Director	20-09-07	20-09-07	-	Active	NO
17	U70102MH2007PTC174339	Multiplier Properties Private Limited	Director	20-09-07	20-09-07	-	Active	NO
18	U45400MH2007PTC174351	Red Earth Real Estate Private Limited	Director	20-09-07	20-09-07	-	Active	NO
19	U45201MH2007PTC174395	Rockhard Developers Private Limited	Director	21-09-07	21-09-07	-	Active	NO
20	U45400MH2007PTC174400	Amro Properties Private Limited	Director	21-09-07	21-09-07	-	Active	NO
21	U45201MH2007PTC174483	Amro Malls Private Limited	Director	25-09-07	25-09-07	-	Active	NO
22	U45201MH2007PTC174484	Multiplier Malls Private Limited	Director	25-09-07	25-09-07	-	Active	NO
23	U45200MH2007PTC174529	Goodluck Malls Private Limited	Director	26-09-07	26-09-07	-	Active	NO
24	U45201MH2007PTC174502	Acqua Marine Realtors Private Limited	Director	26-09-07	26-09-07	-	Active	NO
25	U70102MH2007PTC174503	Unitra Real Estate Private Limited	Director	26-09-07	26-09-07	-	Active	NO
26	U45201MH2007PTC174504	Brice Real Estate Private Limited	Director	26-09-07	26-09-07	-	Active	NO
27	U45201MH2007PTC174505	Dainty Developers Private Limited	Director	26-09-07	26-09-07	-	Active	NO
28	U70200MH2007PTC174850	Belfast Real Estate Private Limited	Director	09-10-07	09-10-07	-	Active	NO
29	U70200MH2007PTC175015	Old Castle Real Estate Private Limited	Director	15-10-07	15-10-07	-	Active	NO
30	U70200MH2007PTC175016	Clarice Real Estate Private Limited	Director	15-10-07	15-10-07	-	Active	NO
31	U45400MH2007PTC175321	Blue High Real Estate Private Limited	Director	24-10-07	24-10-07	-	Active	NO
32	U27310MH2010PTC210177	Bicc Components Private Limited	Director	18-11-10	18-11-10	-	Active	NO

Name :	Mrs. Smita Rajesh Sanghvi
Designation :	Director
Address :	Kanchan Co-op HSG. Soc., B.W. Pathare Marg, Near Catering College, Shivaji Park, Dadar (W), Mumbai 400028, Maharashtra, India
Date of Birth/Age :	02.02.1963
Date of Appointment :	04.04.2000
DIN No.:	03248629

KEY EXECUTIVES

Name :	Mr. Devang Desai
Designation :	Marketing Manager
Name :	Rathi and Associates
Designation :	Company Secretary
Address :	Mumbai, Maharashtra, India

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Rajesh M. Sanghvi	2715
Rajesh M. Sanghvi – HUF	815811
Manharlal C. Sanghvi- HUF	506430
Smita Rajesh Sanghvi	7616854
Manjula Manharlal Sanghvi	2715
Niel Rajesh Sanghvi	2616
Aashna Rajesh Sanghvi	2615
DIVYESH M. SANGHVI	1196
Srushti Divyesh Sanghvi	2615
Nisarg Divyesh Sanghvi	2615
Rushabh Shah	2715
Radhika Vinod Shah	2715
Dhruti Nilesh Shah	2616
Priyal Nilesh Shah	2616
Devang Dhansukh Desai	150
Mehul Mansukh Doshi	150
Atul Labshanker Oza	150
Manish Desai	150
Total	8967444

As on 30.09.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	99.87
Other top fifty shareholders	0.13
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of Brass Copper, Aluminium, Zinc, Bronze
Products :	Brass Cable Glands of Various Types with related Accessories Cable Lugs, Terminal Ends, Shoes, Inline Connectors and Links Earthing Rods / Plates and Accessories Brass Auto Products Turned and Pressed Parts Fittings Stainless Steel Fittings Components Brass Metal Turned Components Parts Brass Fasteners Fixtures Silicon Bronze Fasteners - Silicon Bronze Bolts Silicon Bronze Carriage Bolts Silicon Hex Head Bronze Lag Bolts Silicon Hex Head Bronze Cap Screws Silicon Hex Head Machine Bronze Bolts Silicon Bronze Slotted Oval Head Strut Bolts Silicon Fin Neck Flat Machine Bronze Bolts Silicon Slotted Flat Head Machine Bronze Bolts Silicon Bronze Nuts Silicon Bronze Rod Silicon Bronze Screws Silicon Bronze Washers Brass Sheet Metal Parts Brass Conduit Fittings like Bushes, Adaptors Switch Socket Boxes Earthing Clamps Metal Components Split Bolt Connectors / Line Taps Plumbing and Sanitary Fittings Screw Sleeves / Connectors Brass Electrical Components / Fittings
Exports :
Products :	Brass Copper Zinc
Countries :	Europe US
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Customers :

End users

No. of Employees :

300 (Approximately) (In Office + In Factory)

Bankers :

• Union Bank of India, Vasai Branch, Thane, Maharashtra, India
• CITI Bank N.A., Global Corporate Banking, 1^st Floor, Global Corporate Banking, 1^st Floor, plot No.C-61, BKC, Bandra (East), Mumbai – 400051, Maharashtra, India
• ICICI bank Limited
• Kotak Mahindra Bank
• State Bank of Hyderabad
• Bank of India

Facilities :

Secured Loan	As on 31.03.2010 (Rs. in Millions)	As on 31.03.2009 (Rs. in Millions)
Union Bank of India-Foreign Currency Loan (Dollar)	2.807	0.000
Union Bank Packing Cr A/c -PCL-053	0.975	0.406
Bill Discounting	5.579	8.732
Bill Discounting (Citibank)	0.028	27.505
Citibank N.A.	1.526	14.083
Total	10.915	50.726
Unsecured Loan	As on 31.03.2010 (Rs. in Millions)	As on 31.03.2009 (Rs. in Millions)
Manjula M. Sanghvi	0.308	0.309
Total	0.308	0.309

Banking Relations :	--
Auditors :
Name :	Sanjeev Kamdar Chartered Accountant
Address :	Vasaikar House, 296 Cadell Road, Dadar (West), Mumbai – 400028, Maharashtra, India
Tel. No.:	91-22-24475000
Fax No.:	91-22-24475001
PAN.:	AAAFK6984H

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
12000000	Equity Shares	Rs.10/- each	Rs.120.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
8967444	Equity Shares	Rs.10/- each	Rs.89.674 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		89.674	89.674	89.674
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		411.552	400.404	391.846
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		501.226	490.078	481.520
LOAN FUNDS
1] Secured Loans		10.915	50.726	92.659
2] Unsecured Loans		0.308	0.309	0.309
TOTAL BORROWING		11.223	51.035	92.968
DEFERRED TAX LIABILITIES		18.700	18.700	0.000
TOTAL		531.149	559.813	574.488
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		103.862	109.012	115.815
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		73.341	75.331	77.582
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	18.703	23.777	53.722
	Sundry Debtors	17.918	60.463	73.143
	Cash & Bank Balances	(42.670)	3.580	91.675
	Other Current Assets	63.145	69.058	77.129
	Loans, Deposits & Advances	316.341	240.301	117.578
Total Current Assets		373.437	397.179	413.247
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	3.912	7.647	12.822
	Other Current Liabilities	0.915	1.320	0.373
	Provisions	14.664	12.742	18.961
Total Current Liabilities		19.491	21.709	32.156
Net Current Assets		353.946	375.470	372.272
MISCELLANEOUS EXPENSES		0.000	0.000	381.091
TOTAL		531.149	559.813	574.488

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	238.680	388.570	434.669
		Other Income	6.662	6.677	3.681
		TOTAL (A)	245.342	395.247	438.350
Less	EXPENSES
		Raw Material Consumption	128.440	217.083	229.054
		Manufacturing Expenses	32.446	43.991	58.368
		Administration & Selling Expenses	68.223	87.391	61.054
		(Increase) / Decrease in Stock	3.558	4.756	1.468
		TOTAL (B)	232.667	353.221	349.944
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		12.675	42.026	88.406
Less	FINANCIAL EXPENSES (D)		(6.562)	3.690	5.559
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		19.237	38.336	82.847
Less/ Add	DEPRECIATION/ AMORTISATION (F)		5.808	7.278	6.240
	PROFIT BEFORE TAX (E-F) (G)		13.429	31.058	76.607
Less	TAX (I)		2.282	3.800	8.820
	PROFIT AFTER TAX (G-I) (J)		11.147	27.258	67.787
	EARNINGS IN FOREIGN CURRENCY
		Export Sale	234.900	385.100	NA
	TOTAL EARNINGS		234.900	385.100	NA
	IMPORTS
		Import of Materials	56.200	70.200	NA
	TOTAL IMPORTS		56.200	70.200	NA
	Earnings Per Share (Rs.)		1.24	3.04	7.56

Particulars	31.03.2011
Sales Turnover (Approximately)	1250.000

Expected Sales (2011-2012) : Rs.1270.000 Millions

The above information has been parted by Mr. Devang Desai

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	4.54	6.90	15.45
Net Profit Margin (PBT/Sales)	(%)	5.63	7.99	17.62
Return on Total Assets (PBT/Total Assets}	(%)	2.81	6.14	14.48
Return on Investment (ROI) (PBT/Networth)		0.03	0.06	0.16
Debt Equity Ratio (Total Liability/Networth)		0.06	0.15	0.26
Current Ratio (Current Asset/Current Liability)		19.16	18.30	12.85

LOCAL AGENCY FURTHER INFORMATION

OPERATIONS:

The company has achieved a turnover of Rs.238.700 Millions (previous year Rs.388.500 Millions) including of Rs.3.762 Millions (previous year Rs.3.510 Millions) and export turnover of Rs.234.900 Millions (Previous year Rs.385.000 Millions during the year.

Check List by Info Agents	Available in Report (Yes / No)
1) Year of Establishment	Yes
2) Locality of the firm	Yes
3) Constitutions of the firm	Yes
4) Premises details	Yes
5) Type of Business	Yes
6) Line of Business•	Yes
7) Promoter’s background	--
8) No. of employees	Yes
9) Name of person contacted	Yes
10) Designation of contact person	Yes
11) Turnover of firm for last one years	Yes
12) Profitability for last three years	No
13) Reasons for variation <> 20%	No
14) Estimation for coming financial year	Yes
15) Capital in the business	Yes
16) Details of sister concerns	No
17) Major suppliers	No
18) Major customers	No
19) Payments terms	Yes
20) Export / Import details (if applicable)	Yes
21) Market information	--
22) Litigations that the firm / promoter	--
23) Banking Details	Yes
24) Banking facility details	No
25) Conduct of the banking account	--
26) Buyer visit details	--
27) Financials, if provided	No
28) Incorporation details, if applicable	--
29) Last accounts filed at ROC	--
30) Major Shareholders, if available	--

FORM 8:

Corporate identity number of the company	U28113MH2000PTC125610
Name of the company	APPLE INTERNATIONAL ENGINEERING WORKS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	Survey No.62, plot No.23, Near Burnashell Petrol Pump, Valiv Village, Vasai (East), Thane – 401208, Maharashtra, India
This form is for	Creation of charge
Type of charge	Book debts Movable property (not being pledge) Floating charge
Particular of charge holder	CITI Bank N.A., Global Corporate Banking, 1^st Floor, Global Corporate Banking, 1^st Floor, plot No.C-61, BKC, Bandra (East), Mumbai – 400051, Maharashtra, India E-mail : vlaxman@vsnl.com
Nature of instrument creating charge	Goods Security Agreement.
Date of instrument Creating the charge	23.04.2007
Amount secured by the charge	Rs.50.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest Interest @ 11.50% p.a , however, subject to changes made by Bank from time to time. Terms of repayment On Demand Margin Margin @ 28% against stocks & 32% against book debts. Extent and operation of the charge The Company hypothecates the properties stated in Item No 14 by way of first pari passu charge to and in favour of the Bank for the credit facilities together with interest, commission, costs, charges, expenses and other monies thereon. Others The charge created herein shall rank pari passu, inter se, Citibank NA and Union Bank of India for their working capital facilities of Rs.50.000 Millions and Rs.55.000 Millions respectively, without any priority of one over the other or others.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	a) The whole of movable assets, including stocks of raw materials, goods in process of manufacture, semi finished goods and all finished and manufactured goods and articles together with all stores, components and spares. (b) All present and future book debts of the borrower.

FIXED ASSETS:

• Air Conditioner
• Bore well
• Bicycle
• Computer Systems
• Fax Machines
• Furniture and Fixtures
• Material Handling Equipments
• Mobile Instruments
• Motor Car
• Office Equipments
• Office Premises
• Plant and Machinery
• Tools and Dies
• Water Cooler
• Water Filter
• Weighing Scale

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	Rs.53.21
UK Pound	1	Rs.83.32
Euro	1	Rs.69.51

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
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	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	NO
TOTAL		50

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 and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

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.