1. Summary Information

		Country	India
Company Name	S I Precision Mould Private Limited	Principal Name 1	Mr. Seung Jae Kim
Status	Moderate	Principal Name 2	Mr. Myun Bo Kim
		Registration #	55-125465
Street Address	F-29, Basement, Green Park Main, New Delhi – 110016, India
Established Date	26.03.2004	SIC Code	--
Telephone#	91-120-5352746	Business Style 1	Manufacturer
Fax #	91-120-2461245	Business Style 2	Importer
Homepage	--	Product Name 1	Plastic Moulded injections parts.
# of employees	300 (approximately)	Product Name 2	Raw Materials
Paid up capital	Rs. 9,050,000/-	Product Name 3	--
Shareholders	Foreign Holding - 50.00% Bodies Corporate - 50.00%	Banking	Standard Chartered Bank
Public Limited Corp.	NO	Business Period	7 Years
IPO	NO	International Ins.	-
Public Enterprise	NO	Rating	B (26)
Related Company
Relation	Country	Company Name	CEO
Group Company	India	Inkotech India Private Limited	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2007		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	57,344,000	Current Liabilities	41,631,000
Inventories	11,344,000	Long-term Liabilities	44,544,000
Fixed Assets	50,368,000	Other Liabilities	3,570,000
Deferred Assets	0	Total Liabilities	89,745,000
Invest& other Assets	504,000	Retained Earnings	2,165,000
		Net Worth	29,815,000
Total Assets	119,560,000	Total Liab. & Equity	119,560,000
Total Assets (Previous Year)	104,587,000
P/L Statement as of	31.03.2007		(Unit: Indian Rs.)
Sales	320,606,000	Net Profit	5,429,000
Sales(Previous yr)	23,3496,000	Net Profit(Prev.yr)	346,000

MIRA INFORM REPORT

Report Date :

16.06.2011

IDENTIFICATION DETAILS

Name :	S I PRECISION MOULD PRIVATE LIMITED
Registered Office :	F-29, Basement, Green Park Main, New Delhi – 110016
Country :	India
Financials (as on) :	31.03.2007
Date of Incorporation :	26.03.2004
Com. Reg. No.:	55-125465
Paid-up Capital :	Rs. 9.050 Millions
CIN No.: [Company Identification No.]	U25201DL2004PTC125465
TAN No.: [Tax Deduction & Collection Account No.]	DELS22393A
PAN No.: [Permanent Account No.]	AAICS05040C
Legal Form :	Private Limited Liability Company.
Line of Business :	Manufacturer of Plastic Moulded injections parts and Importer of raw materials
No. of Employees :	300 (approximately)

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Maximum Credit Limit :	USD 110000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track. The management has not filed the financials of the company with the Government departments after 2007. However trade relations are reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution.

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. Dinesh Sharma
Designation :	Manager Finance
Contact No.:	91-9310978041
Date :	15.06.2011

LOCATIONS

Registered Office :	F-29, Basement, Green Park Main, New Delhi – 110016, India
Tel. No.:	91-120-5352746
Mobile No.:	91-9310978041 (Mr. Dinesh Sharma)
Fax No.:	91-120-2461245
E-Mail :	ajay.goyal@megasoftsol.com dubey707@yahoo.co.in guptaashish75@gmail.com vk_jain@hotmail.com guptaashish75@gmail.com si_precision@yahoo.com mbkimm@yahoo.co.kr
Area:	800 sq.ft
Location :	Owned
Factory :	C-1, Phase – II Extension, Hosiery Complex, Noida – 201305, Uttar Pradesh, India
Tel. No.:	91-120-5352746/ 2461975/ 4685800/ 2461490/ 4352582/ 4352854
Fax No.:	91-120-2461245/ 4250853
Area :	5000 sq.ft.
Location :	Leased
Branches :	Chennai, Tamilnadu, India
Location :	Owned

DIRECTORS

As on 29.09.2006

Name :	Mr. Seung Jae Kim
Designation :	Director
Address :	201, Ground Floor, Bor Bagh, new Delhi-110003
Date of Birth/Age :	22.04.2005
Date of Appointment :	26.03.2004
Name :	Mr. Myun Bo Kim
Designation :	Director
Address :	7 Friends Colony West, New Delhi-110065, India
Date of Appointment :	26.03.2004
Name :	Mr. Park Joon Ha
Designation :	Director
Address :	649 Chojj-Dong, Ansan Si, Kyunggi-Do, South Korea
Date of Appointment :	22.04.2005
Name :	Mr. Harry Y Shin
Designation :	Additional Director
Address :	Earlsfield House, Royal Quarterl, Sven Kings Way, Kingston Upont Thamers, Surrey, KT2l, 5BGl, Surrey-58785
Date of Birth/Age :	18.04.1970
Date of Appointment :	14.08.2008
DIN No.:	02242050
Name :	Mr. Jang Soo Jung Seok Kang
Designation :	Director
Address :	1/204, Jinheung Apartment, 53-2, Samsung Dong, Kangnam-Ku, Seoul, Korea
Date of Birth/Age :	05.12.1943
Date of Appointment :	15.05.2005
DIN No.:	01980838

KEY EXECUTIVES

Name :	AVA Associates
Designation :	Company Secretary
Address :	U-75 Kalra Complex, 1^st Floor, Shakarpur Delhi – 110092, India
Name :	Mr. Dinesh Sharma
Designation :	Manager Finance

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2006

Names of Shareholders	No. of Shares
Inkotech (India) Private Limited – India	452500
Sejin Industry Company Limited – Republic of Korea	452500
Total	905000

As on 31.03.2006

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	50.00
Bodies corporate	50.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Plastic Moulded injections parts and Importer of raw materials

Products :

Product Description	ITC Code No
Plastic Moulded Components	85.29

Imports :

Products :

• Raw Materials

Countries :

• Korea
• Thailand
• Singapore

Terms :

Selling :

Cash and Credit

Purchasing :

L/C, Cash and Credit: 30 Days

PRODUCTION STATUS

As on 31.03.2007

Particulars	Unit	Actual Production
CTV Front Cabinet	No.950000	767059
CTV Rear Cabinet	No.590000	495105

GENERAL INFORMATION

Customers :

• Samsung

No. of Employees :

300 (approximately)

Bankers :

· Standard Chartered Bank, Credit Risk Control, Narain Manzil, 23 Barakhamba Road, New Delhi – 110001, India

· Shinhan Bank, Mercantile House, Upper Ground Floor, 15 Kasturba Gandhi Marg, New Delhi – 110001, Delhi, India

· Syndicate Bank

Facilities :

Secured Loans	31.03.2007 (s. In Millions)	31.03.2006 (Rs. In Millions)
Kotak Mahindra Prime Plus	0.080	0.231
Standard Chartered Bank (Secured against Bill Discounting)	16.948	18.075
Standard Chartered Bank (Secured Against Stock)	9.763	8.872
Total	26.791	27.178
Unsecured Loans	31.03.2007 (s. In Millions)	31.03.2006 (Rs. In Millions)
Sejin Account	15.732	16.242
Sam Kwang Ind Company Limited	2.020	2.095
Total	17.753	18.337

Banking Relations :

Auditors :

Name :

Sanjeev K Jain and Company

Chartered Accountants

Address :

E-35, Green Park (Main) and F-29, Green Park Main, New Delhi – 110016, Indai

Tel. No.:

91-11-26514850/6514851

Telefax:

91-11-26510933

E-Mail :

skj@del2.vsnl.net.in

Website :

www.skjandco.com

Pan No.:

AAFPJ4127L

Holding Company :

• Sejin Industry Company Limited
• Inkotech India Private Limited

Group Companies:

Inkotech India Private Limited

Address : C-3, Phase – II Extension, Hosiery Complex, Noida – 201301, Uttar Pradesh, India

Legal Status : Private Limited Company

Date of Incorporation: 22^nd August 2001

Line of Business : Manufacturers of Plastic Moulded Components

Telephone Number : 91-120-22461243/22461244/22461975/22461490

Sam Kwang India Company Limited

Address : 173-12, Sanjun – Ri, Dunpo – Myon, Asan City, Chungnam, Korea

Legal Status : Private Limited Company

Line of Business : Manufacturers of Plastic Moulded Components

Telephone Number : 82 41 534 0072 to 76

Fax Number : 82 41 534 2372-3 173-12

CAPITAL STRUCTURE

As on 31.03.2007

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs.10.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
905000	Equity Shares	Rs.10/- each	Rs.9.050 millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2007	31.03.2006	31.03.2005
SHAREHOLDERS FUNDS
1] Share Capital		9.050	9.050	9.050
2] Share Application Money		18.600	18.600	0.000
3] Reserves & Surplus		2.165	0.000	0.000
4] (Accumulated Losses)		0.000	(3.264)	(3.609)
NETWORTH		29.815	24.386	5.441
LOAN FUNDS
1] Secured Loans		26.791	27.178	7.318
2] Unsecured Loans		17.753	18.337	0.000
TOTAL BORROWING		44.544	45.515	7.318
DEFERRED TAX LIABILITIES		2.277	2.013	0.000
TOTAL		76.636	71.914	12.759
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		50.368	48.948	50.099
Capital work-in-progress		0.000	7.580	0.034
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	11.344	14.450	10.217
	Sundry Debtors	34.076	18.712	5.872
	Cash & Bank Balances	0.347	0.175	0.748
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	22.921	13.966	5.425
Total Current Assets		68.688	47.303	22.262
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	40.641	31.711	59.877
	Current Liabilities	0.990	0.363	0.768
	Provisions	1.293	0.599	0.000
Total Current Liabilities		42.924	32.673	60.645
Net Current Assets		25.764	14.630	(38.383)
MISCELLANEOUS EXPENSES		0.504	0.756	1.009
TOTAL		76.636	71.914	12.759

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2007	31.03.2006	31.03.2005
	SALES
		Income	320.606	233.496	92.994
		Other Income	2.558	0.809	0.000
		TOTAL (A)	323.164	234.305	92.994
Less	EXPENSES
		Cost of goods sold	243.195	177.880
		Manufacturing expenses	46.799	39.881	95.467
		Personnel expenses	4.654	3.854
		Administrative, selling and other expenses	9.836	9.069
		Increase/Decrease in stock	2.311	(8.313)
		TOTAL (B)	306.795	222.371	95.467
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		16.369	11.934	(2.473)
Less	FINANCIAL EXPENSES (D)		1.525	1.709	0.627
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		14.844	10.225	(3.100)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		8.191	7.417	0.493
	PROFIT BEFORE TAX (E-F) (G)		6.653	2.808	(3.593)
Less	TAX (I)		1.224	2.462	0.000
	PROFIT AFTER TAX (G-I) (J)		5.429	0.346	(3.593)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(3.264)	(3.610)
	BALANCE CARRIED TO THE B/S		2.165	(3.264)	NA
	IMPORTS
		Raw Materials and Components	10.520	4.660
		Capital Goods	0.000	5.817
	TOTAL IMPORTS		10.520	10.477
	Earnings Per Share (Rs.)		5.99	--	--

Particulars	31.03.2011	31.03.2010	31.03.2009
Sales Turnover (approximately)	570.000	440.000	340.000

The above information has been parted by Mr. Dinesh Sharma

KEY RATIOS

PARTICULARS		31.03.2007	31.03.2006	31.03.2005
PAT / Total Income	(%)	1.68	0.15	(3.86)
Net Profit Margin (PBT/Sales)	(%)	2.08	1.20	(3.86)
Return on Total Assets (PBT/Total Assets}	(%)	5.59	2.92	(4.97)
Return on Investment (ROI) (PBT/Networth)		0.22	0.12	(0.66)
Debt Equity Ratio (Total Liability/Networth)		2.93	3.21	11.40
Current Ratio (Current Asset/Current Liability)		1.60	1.45	0.36

LOCAL AGENCY FURTHER INFORMATION

Note:

The Registered Office of the company was 7 Friends Colony West, New Delhi – 110 065, India has been shifted to the present address w.e.f. 03.08.2006

Background:

Subject was incorporated in India with limited liability on 26.03.2004. Sam Kwang Industrial Company Limited, Korea and Inkotech India Private Limited, holds 50% each of the equity of the company.

The company is mainly engaged in the business of manufacturing of plastic moulded components.

Bankers Charges Report as per Registry

Name of the company	S I PRECISION MOULD PRIVATE LIMITED
Presented By	Standard Chartered Bank, New Delhi
1) Date and description of instrument creating the change	Letter of Hypothecation of Stock and Book Debts dated 20.09.2004
2) Amount secured by the charge/amount owing on the securities of charge	Rs.20.000 millions
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	All stock in trade both present and future consisting of Raw Material, Finished good in process of manufacturing and other merchandise whatsoever all the present and future book debts, outstanding moneys receivables claims and bills etc. shall be hypothecated to the bank by way of excusive charge basis.
4) Gist of the terms and conditions and extent and operation of the charge.	Interest as may be determined by the bank from time to time.
5) Name and Address and description of the person entitled to the charge.	Standard Chartered Bank Sansad Marg, New Delhi
6) Date and brief description of instrument modifying the charge	Supplementary Hypothecation Agreement of Stock and Book Debts 21.10.2005
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.	Bank’s first Hypothecation charge over stocks and book debts both present and future already registered for Rs.20.000 Millions shall stand enhanced from Rs.20.000 Millions to Rs.20.000 Millions plus USD 50000/- The Charge shall now rank pari passu with other banks. All other Terms and conditions remain unchanged.

Name of the company	S I PRECISION MOULD PRIVATE LIMITED
Presented By	Company and Standard Chartered Bank, New Delhi
1) Date and description of instrument creating the change	Agreement of Hypothecation of Stocks and Book Debts dated 21.02.2006
2) Amount secured by the charge/amount owing on the securities of charge	Rs. 27.000 Millions plus USD 50000
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	All stock in trade both present and future consisting of raw material, finished goods, goods in process of manufacturing and other merchandise whatsoever and all present and future book debts, outstanding moneys, claims and bills etc shall be hypothecated to the bank by way of First Exclusive Charge.
4) Gist of the terms and conditions and extent and operation of the charge.	Interest as may determined by the bank from time to time
5) Name and Address and description of the person entitled to the charge.	Standard Chartered Bank, Credit Risk Control, Narain Manzil, 23 Barakhamba Road, New Delhi – 110001, India
6) Date and brief description of instrument modifying the charge	Not Applicable
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.	Not Applicable

Corporate identity number of the company	U25201DL2004PTC125465
Name of the company	S I PRECISION MOULD PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	F-29, Basement, Green Park Main, New Delhi – 110016, India
This form is for	Modification of charge
Type of charge	Immovable Property
Particular of charge holder	Shinhan Bank Mercantile House, Upper Ground Floor, , 15 Kasturba Gandhi Marg, New Delhi – 110001, India shbdb@vsnl.net
Nature of instrument creating charge	Declaration-cum-confirmation deed [extension of charge]
Date of instrument Creating the charge	25.01.2011
Amount secured by the charge	Rs. 140.115 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interests: WCDL @ 10.50% p.a. Term loan-I @ 11.75% p.a. Terms of Repayment: WCDL - Payable On Demand. Term loan-I - repayable in 43 installments, first installment of Rs. 1.200 million. Next 41 installments of Rs. 1.340 million each, and last installment of Rs. 1.360 million. Margin: As per agreement Extent and Operation of the charge: Extent and Operation 100% Others The Above is to Secure The Following :- Term Loan-I - Rs. 57.500 millions FLC - Rs. 11.115 millions (Eq. To Us $ 247000) WCDL - Rs. 7.500 millions WCDL (Fresh) - Rs. 40.000 millions
Particulars of the present modification	Hypothecation of all the co's movable fixed assets and all future plant and machinery and mov. Fixed assets at chennai financed by the bank and thereafter any other mov. Fixed assets purchased by the company.
Date of last modification prior to the present modification	24.01.2011
Particulars of the present modification	Credit Facilities of Rs. 116.115 Millions (Out Of Total Limit Of Rs. 140.115 Millions) Shall Adlly. Be Secured By First Charge Over Co's Immo. Propertey I.E. Plot No. B-6, At Sipcot Industrial Growth Centre, Oragadam, Village Vaipur-A, Taluk-Sriperumbudur Distt. Kancheepuram Together With All Buildings And Structures Thereon Or To Be Thereon.

Fixed Assets:

· Air Compressor

· Air Conditioner

· Air Receiver and Dryer

· Chilling Plant

· Computer

· D.G Set

· Electrical Fittings

· EOT Crane

· Factory Equipment

· Fire Fighting System

· Furniture and Fixtures

· Jigs and Fixtures

· Leasehold Improvement

· Material Handling Trollies

· Office Equipment

· Paint Booth

· Pipelines and Airelines

· Plant and Machinery

· Tools and Equipments

· Water Tank

· ETP Plant

· Vehicles

Website Details:

Profile

The company was incorporated in 26.03.2004 as a Private Limited Liability Company having Registration Number 55-125465 in Noida, Uttar Pradesh.

The subject is engaged in the business of Manufactures of all type of Plastics Moulded Components.

Subject stands for first intials from the Companies Sam Kwang India Company Limited, Korea and Inkotech India Private Limited an Indian Company both of which is going to have a joint venture and would hold 50% Equity each.

It is Korean (MNC) Company, having three branches in India two in Noida and one is in Chennai. It is ISO 9001, 14001 certified companies working with Samsung India Private Limited. It is manufacturing of plastic Moulding Parts.

Additional information:-

Subject is a Multinational Company. It is an injection moulding plant and their product are ctv cabinet.

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 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.44.68
UK Pound	1	Rs.73.05
Euro	1	Rs.64.29

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	2
--CREDIT LINES	1~10	3
--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	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		26

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.