MIRA INFORM REPORT

Report Date :

28.07.2011

IDENTIFICATION DETAILS

Name :	CREATIVE INFOTECH SOLUTIONS PRIVATE LIMITED
Registered Office :	C-222, Belgium Chambers, Opposite Liners Bus Stand, Delhi Gate Surat – 395001, Gujarat, India
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	12.10.1995
Com. Reg. No.:	04-27752
Capital Investment / Paid-up Capital :	Rs.1.180 Millions
CIN No.: [Company Identification No.]	U72200GJ1995PTC027752
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Distributors of Computers, Computers Peripherals, Software, Hardware, Computer Parts, Data Transmitter, Circuit, Audio, Visual Equipments.
No. of Employees :	120 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 48000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct 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 – 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. Manoj
Designation :	Accountant
Date :	23.12.2010

LOCATIONS

Registered Office :	C-222, Belgium Chambers, Opposite Liners Bus Stand, Delhi Gate Surat – 395001, Gujarat, India
Tel. No.:	91-261-2411554/ 2421964/ 2601045
Fax No.:	91-261-2601044
Mobile No.:	91-9374713975 (Mr. Rajesh Malani) 91-9374727465 (Mr. Ravi Malani) 91-9375775200 (Mrs. Asha Malani)
E-Mail :	mcafiling@yahoo.com praveen@creativeinfotech.co.in accounts@creativeinfotech.co.in srv_surat@creativeinfotech.co.in paresh@creativeinfotech.co.in
Website :	http://www.creativeinfotech.com http://www.creativeinfotech.co.in
Area :	5000 sq.ft. (Owned)
Factory:	202 J B House, Near Ishwar Bhavan, Navrangpura, Ahmedabad-380014, Gujarat
Tel. No.:	91-79-6565103 / 6560104
Fax No.:	91-79-7542888
Area :	Owned
Branches :	Ankleshwar SF - 32, Ravi Kiran Complex, Opposite G.I.D.C. Bus Stand, Ankleshwar – 393002, India Phone : 91-2646-223686 / 221598 Email : paresh@creativeinfotech.co.in srv_ank@creativeinfotech.co.in Vapi 104, Riddhi Siddhi Chambers, Nr. Indian Bank, New Telephone Exchange Road, G.I.D.C. Char Rasta, VAPI – 396195, India Phone : 91 [260] 2432316, 2410654 Email : cispl_vapi@rediffmail.com sales_vapi@creativeinfotech.co.in Indore 36, Johari Palace, M G Road, Indore, Madhya Pradesh, India Vadodara 001, Yogikrupa Apartment, 19, Nutan Bharat Society, Alkapuri, Vadodara-390007, Gujarat, India Tel No: 91-265-3259858

DIRECTORS

As on 28.09.2010

Name :	Mr. Praveen R. Ponnarassery
Designation :	Director
Address :	A/703, Rutvan Co-Operative Housing Society Limited, Gujarat Gas, Palanpur Road, Adajan, Surat, India
Date of Birth/Age :	21.12.1966
Qualification :	BE
Date of Appointment :	12.10.1995
Name :	Mr. Paresh Mathukia
Designation :	Director
Address :	A-302, Millennium Residency, Gujarat Gas, Palanpur Road, Adajan, Surat, India
Date of Birth/Age :	15.05.1971
Qualification :	BE
Date of Appointment :	01.04.2005
Name :	Mrs. Geeta Praveen Ponnarassery
Designation :	Director
Address :	A/703, Rutvan Co-Operative Housing Society Limited, Gujarat Gas, Palanpur Road, Adajan, Surat, India
Date of Birth/Age :	10.04.1970
Date of Appointment :	01.04.2005
Name :	Mrs. Bintuben Paresh Mathukia
Designation :	Director
Address :	A-302, Millennium Residency, Gujarat Gas, Palanpur Road, Adajan, Surat, India
Date of Birth/Age :	11.10.1974
Date of Appointment :	01.04.2005
Name :	Mr. Suresh Babaria
Designation :	Director
Address :	S-1, News Avenue, Anand Mahal Road, Adajan, Surat, India
Date of Birth/Age :	04.05.1961
Date of Appointment :	12.10.1995
Name :	Mr. Kirtish Chajjed
Designation :	Director
Address :	Behind Saket Nagar, Indore, India
Date of Birth/Age :	17.07.1966
Date of Appointment :	12.10.1995

KEY EXECUTIVES

Name :	Mr. Manoj
Designation :	Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 28.09.2010

Names of Shareholders	No. of Shares
P R Praveen	36900
Paresh Mathuka	33300
Geeta P R Praveen	27210
Umang Tekriwal	100
Bintuben Paresh Mathuka	22700
P R Praveen RE: P R Praveen HUF	1400
Paresh Mathukia RE: Paresh Mathuka - HUF	1400
Total	123010

As on 12.07.2010

List of Allottees	No. of Shares Allotted
P R Praveen	2500
Paresh Mathuka	2500
Total	5000

Equity Share Breakup (Percentage of Total Equity)

(As on 30.09.2010)

Category	Percentage
Directors or relatives of directors	99.92
Other top fifty (50) shareholders (other than listed above)	0.08
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Distributors of Computers, Computers Peripherals, Software, Hardware, Computer Parts, Data Transmitter, Circuit, Audio, Visual Equipments.
Products :	Computers Printers Solution Consumables Power Solution- UPS System Networking Components Computers Peripherals Software Solution Toshiba Hardware Computer Parts Data Transmitter Circuit Audio Visual Equipments Office Automation Equipments
Agencies Held :	· MICRO Soft · HCL · APC
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Customers :

• Hindalco Industries Limited, Silvassa
• Itw Signode India Limited, Silvassa
• Lupin Limited, Ankleshwar
• Rallis India Limited, Ankleshwar
• Hikal Limited, Panoli
• Sterlite Industries Limited, Silvassa
• Welspun Terry Towels, Vapi
• Essar Steel Limited,
• Reliance Industries Limited, Hazira
• Gujarat Glass Limited, Kosamba
• Enercon India Limited, Daman
• Cairn Energy, Hazira
• Kribhco, Hazira
• Silvassa Industrial Limited
• Ongc Limited, Hazira
• Sumul Dairy, Surat
• Essar Shiping Limited

End Users, OEM’s and Others

No of Employees :

120 (Approximately)

Bankers :

• Central Bank of India, Sahara Darwaja, Textile Market Branch, Surat-395002, Gujarat, India
• The Ahmedabad Mercantile Co-operative Bank
• The Navnirman Co-operative Bank Limited
• The Kukarwada Co-operative Bank Limited
• Development Credit Bank Limited
• Central Bank of India, Baroda
• Central Bank of India, Indore
• Bank of India, Indore
• HDFC Bank, Surat
• ICICI Bank, Surat
• Axis Bank
• Standard Chartered Bank

Facilities :

Secured Loans	31.03.2010 (Rs. In Millions)	31.03.2009 (Rs. In Millions)
Central Bank of India C/C (Hyp of Stock)	1.802	1.950
Central Bank of India C/C (Hyp. of BD)	1.515	1.520
HDFC Bank Limited (B.P.)	0.000	2.490
Axis Bank	0.246	0.468
Standard Chartered Bank Limited	5.788	5.174
ICICI Bank limited (Small Business Loan) (Further guaranteed by all the directors of the company)	1.512	0.000
Total	10.863	11.602

Unsecured Loans	31.03.2010 (Rs. In Millions)	31.03.2009 (Rs. In Millions)
Umangbhai Tekriwal	0.100	0.100
Total	0.100	0.100

Banking Relations :

-----

Auditors :

Name :

RRA and Company

Chartered Accountant

Address :

“Acumen”, HG-1-D, International Trade Centre, Majura Gate Crossing, Ring Road, Surat – 395002, Gujarat, India

Tel. No.:

91-261-2462176

Fax No.:

91-261-2462176

E mail:

Rra.com@gmail.com

Website:

http://www.rra.co.in

CAPITAL STRUCTURE

(As on 28.09.2010)

Authorised Capital :

No. of Shares	Type	Value	Amount
150000	Equity Shares	Rs.10/- each	Rs.1.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
123010	Equity Shares	Rs.10/-each	Rs. 1.230 Millions

(As on 31.03.2010)

Authorised Capital :

No. of Shares	Type	Value	Amount
150000	Equity Shares	Rs.10/- each	Rs.1.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
118010	Equity Shares	Rs.10/-each	Rs.1.180 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

STHECES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		1.180	1.180	0.980
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		10.921	7.092	4.594
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		12.101	8.272	5.574
LOAN FUNDS
1] Secured Loans		10.863	11.602	7.338
2] Unsecured Loans		0.100	0.100	0.100
TOTAL BORROWING		10.963	11.702	7.438
DEFERRED TAX LIABILITIES		0.319	0.248	0.160
TOTAL		23.383	20.222	13.172
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		5.324	5.355	4.884
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.013	0.013	0.013
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	7.223	6.806	5.356
	Sundry Debtors	46.440	32.369	25.169
	Cash & Bank Balances	0.732	1.283	6.147
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	7.697	6.127	2.763
Total Current Assets		62.092	46.585	39.435
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	39.311	28.658	28.548
	Other Current Liabilities	2.789	2.083	1.810
	Provisions	1.946	0.990	0.802
Total Current Liabilities		44.046	31.731	31.160
Net Current Assets		18.046	14.854	8.275
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		23.383	20.222	13.172

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	273.029	155.040	151.768
		Other Income	0.049	0.058	0.036
		TOTAL (A)	273.078	155.098	151.804
Less	EXPENSES
		Cost of Goods Sold	239.461	132.468	149.659
		Administrative Expenses	23.551	17.819
		TOTAL (B)	263.012	150.287	149.659
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		10.066	4.811	NA
Less	FINANCIAL EXPENSES (D)		4.127	1.780	NA
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		5.939	3.031	NA
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.372	0.347	NA
	PROFIT BEFORE TAX (E-F) (G)		5.567	2.684	2.145
Less	TAX (I)		1.739	0.985	0.823
	PROFIT AFTER TAX (G-I) (J)		3.828	1.699	1.322
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		5.661	3.962	--
	BALANCE CARRIED TO THE B/S		9.489	5.661	--
	Earnings Per Share (Rs.)		31.12	--	--

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	1.40	1.09	0.87
Net Profit Margin (PBT/Sales)	(%)	2.04	1.73	1.41
Return on Total Assets (PBT/Total Assets}	(%)	8.26	5.17	4.84
Return on Investment (ROI) (PBT/Networth)		0.46	0.32	0.38
Debt Equity Ratio (Total Liability/Networth)		4.55	5.25	6.92
Current Ratio (Current Asset/Current Liability)		1.40	1.47	1.27

LOCAL AGENCY FURTHER INFORMATION

DETAILS OF SUNDRY CREDITORS

(Rs. In Millions)

Particulars	31.03.2010	31.03.2009	31.03.2008
Sundry Creditors for goods	39.311	28.658	28.548

Trade Reference:-

· J.B. and Pharma Limited, Ankleshwar

· Gharda Chemicals Limited

· Alok Industries Limited

PERFORMANCE DURING THE YEAR AND FUTURE OUTLOOK:

The directors are pleased to inform that the company has achieved approx 76% increase in turnover compared to previous year. The company achieved turnover of Rs. 273.028 Millions as against Rs. 155.040 Millions in the previous year. The profitability of the company has also increased inspite of increasing competition in the field. Net profit after tax of the company is Rs. 3.828 Millions compared to last years profit of Rs. 1.699 Millions. Looking to the growing aspect of info technology, the directors are confident that the company will achieve better result in the current year.

Bankers Charges Report as per Registry

Name of the company	CREATIVE INFOTECH SOLUTIONS PRIVATE LIMITED
Presented By	Mr. Suresh Kumar Babaria
1) Date and description of instrument creating the change	Deed of Hypothecation for Book Debts Dated 08.04.1999
2) Amount secured by the charge/amount owing on the securities of charge	Over Draft Against Book-Debts Rs. 2.500 Million
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given	Hypothecation of Receivable not orders than 60 days.
4) Gist of the terms and conditions and extent and operation of the charge.	Over Draft against book debts to be availed against hypothecation receivable not order than 60 days Excluding that of sister/ allied units, if any, having rate of interest 17.85% p.a. and margin 50%
5) Name and Address and description of the person entitled to the charge.	Central Bank of India, Textile Market Branch, Surat, India
6) Date and brief description of instrument modifying the charge	NA
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification.	NA

This form is for	Creation of charge
Corporate identity number of the company	U72200GJ1995PTC027752
Name of the company	CREATIVE INFOTECH SOLUTIONS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	C-222, Belgium Chambers, Opposite Liners Bus Stand, Delhi Gate Surat – 395001, Gujarat, India
Type of charge	Book Debts Movable Property Floating Charge Others
Particular of charge holder	Central Bank of India, Sahara Darwaja, Textile Market Branch, Surat-395002, Gujarat, India
Nature of description of the instrument creating or modifying the charge	1) Agreement of Hypothecation to secure demand cash credit against goods 2) Agreement for hypothecation of book-debts
Date of instrument Creating the charge	17.11.2008
Amount secured by the charge	Rs. 3.500 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest 1) For overdraft facility of Rs. 1.500 Millions : BPLR + 4% p.a. with quarterly rest. The bank shall at any time and from time to time entitle to give notice the borrower of its intention to charge interest at such rates. 2) For cash credit facility of Rs. 2.000 Millions : BPLR + 4% p.a. over the bank rate subject to a minimum of BPLR + 4% p.a. at such other rate as may from time to time be fixed by the bank by incite in writing to the borrower with qauarterly rests. Terms of Repayment 1) Overdraft Facility: Repayable on demand 2) Cash Credit Facility Repayable on Demand Margin Stock: 30% Book-debts: 50% Extent and Operation of the charge The charge will operate as first and exclusive charge in favour of the charge holder and is a continuing security for the total outstanding balance granted by the bank.
Short particulars of the property charged	Stock and book-debts of the company.

FIXED ASSETS:

• Building
• Office Equipment
• Computers
• Furniture and Fixture
• Vehicles

AS PER WEBSITE DETAILS:-

PROFILE:

Subject is a 125 Million INR group grown strength to strength in last 11 years since inception with more than 85 personnel.

They are Recognized Leader trusted and name in South Gujarat region from Ankleshwar to Vapi and Daman / Silvassa for its excellence in IT infrastructure Solutions.

Subject was conceived out of the association of technological experts from the IT organizations viz. HCL Hewlett Packard Limited, HCL Limited, (communication division) and Zenith Computer Limited.

They are driven by the fact that “When a Product becomes commodity it is the Services, which is the key differentiator”.

The corporate-level HR and training policies and observe minimal man-power turnover, resulting betterment of company and ultimately for the clients.

SERVICES:

SYSTEM ANNUAL MAINTENANCE and SERVICES [AMC]

• Authorized service centre for HP and Compaq – ASA
• Third Party Maintenance
• In house repairing – Monitor, SMPS, Printers etc.

Service Network Division has been best equipped for extending third party support on any brand of Servers, Computers and Peripherals and Software implementation.

FACILITY MANAGEMENT [FMC]:

The Vital need for today’s 24 X 7 business is guaranteed network uptimes and performance. They have a dedicated team of Network Engineers equipped with necessary certifications and experience to Manage small to large networks and System Administration.

Network Management:

• Monitoring all network devices
• First level Diagnostics for Voice devices
• Firewall and Security Administration
• First level of support for all Network Data devices
• Escalation Management

Server / System /OS Administration: PUTS YOU AT REST

• Monitoring the server and OS uptime and performance
• NT / Win 2K / Novell Netware administration
• MS Exchange / IBM Lotus Notes administration
• Backup operations
• MS Proxy Server Administration
• File and Print Server Administration
• Antivirus applications like Symantec / McAfee

ACHIEVEMENTS:

NUCLEAR POWER CORPORATION, KAKRAPAR

PROJECT VALUE > AROUND 2.6 MILLION INR.

• BUSINESS NEED:

NPC wanted to have Campus wide Networking in order to provide Intranet and Internet facilities to their employees.

• SCOPE OF WORK:

Supply, erection, commissioning and testing of active components like Router, Switches etc. and passive components like Fibre cable, Ethernet CAT5-e cables, Rack, Patch panels and related components.

• SOLUTION OVERVIEW:

The network was designed for 100 MBPS switched collapsible backbone, with use of 50/125 micron cable, which gave the customer, the extra advantage of migrating to 1 GBPS backbone with just the change of Fiber tans receiver modules in switches.

WELSPUN TERRY TOWELS, VAPI.

PROJECT VALUE --> AROUND 2.2 MILLION INR

• BUSINSS NEED:

The network that was implemented by some other vendor was choked due to network bottlenecks. The users working on SAP had serious problems on response times. They also needed to connect WAN with their Bombay office

• SCOPE OF WORK:

Network Auditing and re-designing the Network. On approval of the design, their scope also included erection, commissioning, and testing of entire network.

• SOLUTION OVERVIEW:

The re-designed the network with a Giga link between the Server-Central Switch and the Commercial Complex, which has 100 nodes.

The network was designed for 100 MBPS switched collapsible backbone, with use of 50/125-micron cable, which gave the customer; the extra leverage of migrating to 1 GBPS backbone with just the change of Fiber tans receiver modules in switches. They selected active components from CISCO and passive components from AMP.

KRIBHCO

• BUSINESS NEED:

Network comprises around 400 computers, Internet – connected. They had serious problems because of day – to –day new viruses were either slowing down their computing environment, destroying important data or corrupting the OS.

• SCOPE OF WORK:

Providing a concrete solution to free all the systems from viruses and implement an escort, which should prevent any new virus attack in to their Network.

• Solution Overview:

They suggested and supplied Symantec Enterprise Anti-virus software suite and implemented on 400 Nodes and Servers with Different O/S.

KRIBHCO

• BUSINESS NEED:

Network comprises around 400 computers, Internet – connected. They wanted to have comprehensive mailing software to enhance the communication capabilities.

• SCOPE OF WORK:

Providing a concrete solution to free all the systems from viruses and implement an escort which should prevent any new virus attack in to their Network.

• SOLUTION OVERVIEW:

They implemented Lotus Domino mailing software solution at KRIBHCO for 150 nodes.

GUJARAT GLASS LIMITED

• BUSINESS NEED:

Their priority was user connectivity across the organization. Another aim was to implement Lotus Notes mailing S/W in order to enhance their productivity.

• SCOPE OF WORK:

Supply erection, commissioning and testing of active components from Accton like Router, Switches etc. and passive components from AMP like Fibre cable, Ethernet CAT5-e cables and components.

• SOLUTION OVERVIEW:

The network was designed for 100 MBPS switched - collapsible backbone, with use of 50/125 micron cable which gave the customer, the extra leverage of migrating to 1 GBPS backbone with just the change of Fiber tans-receiver modules in switches. They are supporting close to 120 PCs.

SILVASSA INDUSTRIES (A RELIANCE GROUP OF COMPANY)

• BUSINESS NEED:

For India’s fastest growing Reliance Group of company, a small down time means great business loss. As their business depends a lot on Information Technologies, maintain the IT environment up for 24 X 7 X 365. They were looking forward to a reliable Service Provider who can extend such support for their Computer Hardware, Networking and Peripherals.

• SCOPE OF WORK:

Facility management

• SOLUTION OVERVIEW:

They are providing Facility management with the 6 Residential Engineers posted there for round the clock support.

SUMUL DAIRY

350 cr. Co-operative Unit. Their activities are spread across more than 450 Villages.

• BUSINESS NEED:

To enhance computing capabilities and Data availability. Maintain Computers at 250 + locations.

• SCOPE OF WORK:

Providing centralised server at Surat main office. Other locations have individual computers or small LAN and Printers. Computing environment at these all units required to be maintained regularly.

• SOLUTION OVERVIEW:

Alpha Server –DS20, Compaq ProLiant Servers- 5 Nos., Compaq PC-50 Nos., 250 machines and numerous Peripherals spread over Surat district.

HINDALCO IND. (ADITYA BIRLA GROUP COMPANY)

• BUSINESS NEED:

Various IT requirements for IT solutions

• SOLUTION OVERVIEW:

They have supplied Compaq ML370 Servers- 2 Nos., Compaq Workstations, Compaq PCs- 60, 70 APC UPS. Lotus Notes implemented and supported by us. They are also providing Facility management services.

CAIRN ENERGY(ENERGY MAJOR FROM SCOTLAND)

Project is at Laxmi oil Fields, nr. Hazira

• BUSINESS NEED:

Reliable IT Solution provider.

• SCOPE OF WORK:

Their need comprised of Servers, PCs, Peripherals, Networking components and Providing Facility management.

• SOLUTION OVERVIEW:

They have Supplied Compaq ML 530 G2- Xeon servers – 2 Nos., ML370 - 2 Servers and 40 Compaq PCs. Maintaining their Network and Computing environment.

ENERCON INDIA LIMITED

It Is An Indo German joint venture Company in manufacturing of wind turbines.

• BUSINESS NEED:

Reliable IT Solution provider.

• SCOPE OF WORK:

Their need comprised of Servers, PCs, and Peripherals, Networking their different locations and Provide Facility management.

• SOLUTION OVERVIEW:

They have supplied more than 120 PCs, Compaq ML 570 Server, 3-COM switches and other Networking components. They Networked – one Kilo Meter Fibre and implemented robust networking 3 COM switches. They are also providing Facility management.

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.43.94
UK Pound	1	Rs.72.12
Euro	1	Rs.63.66

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	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	No
--AFFILIATION	YES/NO	No
--LISTED	YES/NO	No
--OTHER MERIT FACTORS	YES/NO	Yes
TOTAL		45

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.