MIRA INFORM REPORT

Report Date :

14.07.2011

IDENTIFICATION DETAILS

Name :	OM CHAMUNDA ENTERPRISES
Registered Office :	123/132, Diamond Industrial Estate, Near Tol Naka, Ketki Pada Road, Dahisar (East), Mumbai 400 068, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Year of Establishment:	2005
Capital Investment :	Rs. 1.500 (Estimated) [31.03.2010]
PAN No.: [Permanent Account No.]	ANEPP7029D
Legal Form :	Sole Proprietory Concern
Line of Business :	Manufacturer and Exporter of packaging machinery.
No. of Employees :	15 (approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (44)

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

Maximum Credit Limit :	USD 6000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established proprietory concern having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The concern 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 – June 30, 2010

Country Name	Previous Rating (01.04.2010)	Current Rating (30.06.2010)
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. Rajesh Panchal
Designation :	Chief Executive Officer
Mobile No:	91-9867385565
Date :	13.07.2011

LOCATIONS

Registered Office / Factory :	123/132, Diamond Industrial Estate, Near Tol Naka, Ketki Pada Road, Dahisar (East), Mumbai 400 068, Maharashtra
Tel. No.:	91-22-65287605
Mobile No.:	91-9867385565 (Mr. Rajesh)
Fax No.:	91-22-40145560
E-Mail :	rajesh@omchamunda.com
Website :	www.omchamunda.com
Area :	1200 sq ft
Location :	Rented

SOLE PROPRIETOR

Name :	Mr. Alpesh Panchal
Designation :	Proprietor
Address :	D-201/202, Mukund Park, Goddev Gaon Road, Bhayander (East), District Thane 401105
Date of Birth/Age :	27 years
Qualification :	Diploma in Electrical

KEY EXECUTIVES

Name :	Mr. Rajesh Panchal
Designation :	Chief Executive Officer

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of packaging machinery.
Brand :	OM – PERFECT
Exports :
Products :	Packaging Machinery
Countries :	New Zealand South Africa Dubai
Terms :
Selling :	L/C, Cash, Credit: 30 Days
Purchasing :	Cash, Credit: 30 Days

GENERAL INFORMATION

Customers :	Wholesalers End Users.
No. of Employees :	15 (approximately)
Bankers :	· Dena Bank, Branch Bhayander (East) · ICICI Bank, Branch Bhayander (West)
Banking Relations :	--
Auditors :
Name :	X. M. Pariera Cartered Accountant
Associates/Subsidiaries :	Perfect Seals Products Address :132, Diamond Industrial Estate, Ketki Pada Road, Dahisar (East), Mumbai, Maharashtra, India Line of Business: Manufacturer, exporter and others supplier Om- perfect packing machinery

CAPITAL STRUCTURE

As on 31.03.2010

Capital Investment :
Owned :	Rs. 1.500 millions (Estimated)
Borrowed :	---
Total :	Rs. 1.500 millions (Estimated)

FINANCIAL DATA

[all figures are in Rupees Millions]

Particulars	31.03.2011	31.03.2010	31.03.2009
Sales Turnover (approximately) /	8.000	6.500	4.500

Expected Sales (2011-12): Rs. 10.000 Millions

The above information has been parted by Mr. Rajesh Panchal

Note : Sole Proprietory and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry Records.

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2007
SHAREHOLDERS FUNDS
1] Proprietor Capital		0.371
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		0.000
NETWORTH		0.371
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.065
TOTAL BORROWING		0.065
DEFERRED TAX LIABILITIES		0.000
TOTAL		0.436
APPLICATION OF FUNDS		0.000
FIXED ASSETS [Net Block]		0.000
Capital work-in-progress		0.054
INVESTMENT		0.000
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.078
	Sundry Debtors	0.584
	Cash & Bank Balances	0.142
	Other Current Assets	0.011
	Loans & Advances	0.000
Total Current Assets		0.815
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors
	Other Current Liabilities	0.430
	Provisions	0.003
Total Current Liabilities		0.433
Net Current Assets		0.382
MISCELLANEOUS EXPENSES		0.000
TOTAL		0.436

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2007
	SALES
		Income	1.302
		Other Income	0.000
		TOTAL (A)	1.302
Less	EXPENSES
		Cost of Goods Sold	0.076
		Administrative Expenses	0.224
		Other Expenditure	0.828
		TOTAL (B)	1.128
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		0.174
Less	FINANCIAL EXPENSES (D)		0.000
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		0.174
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.006
	PROFIT BEFORE TAX (E-F) (G)		0.168
Less	TAX (I)		0.009
	PROFIT AFTER TAX (G-I) (J)		0.159
	IMPORTS
		Stores & Spares	0.028
		Capital Goods	0.865
	TOTAL IMPORTS		0.893
	Earnings Per Share (Rs.)		1.134

KEY RATIOS

PARTICULARS		31.03.2007
PAT / Total Income	(%)	12.21
Net Profit Margin (PBT/Sales)	(%)	12.90
Return on Total Assets (PBT/Total Assets}	(%)	19.33
Return on Investment (ROI) (PBT/Networth)		0.45
Debt Equity Ratio (Total Liability/Networth)		1.16
Current Ratio (Current Asset/Current Liability)		1.88

LOCAL AGENCY FURTHER INFORMATION

TRADE REFERENCES:-

• Sky Industries Limited, Mumbai
• Supreme Industries Limited, Kopoli
• Sams Fruits Private Limited
• R P Drugs Limited
• Lupin Limited
• Raj Udyog, Vasai

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.44.59
UK Pound	1	Rs.71.07
Euro	1	Rs.62.40

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	4
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		44

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.