MIRA INFORM REPORT

Report Date :

07.05.2011

IDENTIFICATION DETAILS

Name :	OM FOODS

Registered Office :	Khochpura Road, Ali Pur Khalsa, Tehsil Gharaunda, District Karnal, Haryana

Country :	India

Date of Incorporation :	June- July 2011 (Expected)

Legal Form :	Partnership concern with an unlimited liability of the partners.

Line of Business :	Manufacturer of Packaging Drinking Water and Fruit Drinks.

RATING & COMMENTS

MIRA’s Rating :

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

Status :	Proposed to Start

Payment Behaviour :	Unknown

Litigation :	--

Comments :	Subject is proposed to commence in a couple of months. The valuation report provided is of a lesser value than the proposal amount. The networth statement provided however seems to be acceptable. No further details or payment could be made available. It would be advisable to take adequate securities while dealings 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

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. Dilawar
Designation :	Partner
Contact No.:	91-9896777999
Date :	05.05.2011

LOCATIONS

Registered Office/ Warehouse :	Khochpura Road, Ali Pur Khalsa, Tehsil Gharaunda, District Karnal, Haryana, India
Mobile No.:	91-9896777999 (Mr. Dilawar)

PARTERS

Name :	Mr. Dilawar Singh
Designation :	Partner
Date of Birth/Age :	40 Years

Name :	Mr. Joginder Singh
Designation :	Partner

Name :	Mrs. Bimala Rani Singh
Designation :	Partner

Name :	Mrs. Rekha Rani Singh
Designation :	Partner

BUSINESS DETAILS

Line of Business :

Manufacturer of Packaging Drinking Water and Fruit Drinks.

GENERAL INFORMATION

Customers :	Wholesalers and Retailers

Bankers :	Corporation Bank, Gharonda branch


Banking Relations :	--

Auditors :
Name :	Mr. Satish Gharg Chartered Accountant

CAPITAL STRUCTURE

Capital Investment :
Owned :	Not Available
Borrowed :	Not Available
Total :	Not Available

FINANCIAL DATA

[all figures are in Rupees Millions]

Proposed to start

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

LOCAL AGENCY FURTHER INFORMATION

PROPERTY VALUATION REPORT

GENERAL INFORMATION

Name of the Party/ Purchaser and Address

Mrs. Bimla Rani W/o Mr. Dilwar Singh

Mobile No.: 91-9896777188/ 9896777999

Village- Alipur Khalsa, Near Shiv Dharam Kanta, Tehsil – Gharaunda, District- Karnal

Name/s of the reported owner/ Name/s of persons in whose name/s the property registered and address

Mrs. Bimla Rani w/o Mr. Dilawar Singh

Mobile -91-9896777188/ 9896777999

Purpose of Valuation

To assess the present market value of the property for Bank purpose only.

List of Documents produced for perusal

Single ownership and property covered under deed No. 2752 dated 31.03.2010

Date of Inspection

27.01.2011

Date of Valuation

28.01.2011

Approximate distance from the branch to the property

Approximate 7 km.

Situation / location / brief description of the land / site and brief description of the building

Property an existing vacant land with few built up like boundary wall etc. as identified, demarked and shown by the applicant/ owner, land which is part of Khewat No. 106, Khatoni No. 156, Murabba No. 44, Killa No. 24/2, Waka Village – Alipur Khalsa, Near Shiv Dharam Kanta, Tehsil- Gharaimda. District

Dimension and Boundaries

	As per Deed	As per Site
North		236’0” Land of Ishwar
South	Not Mentioned	220’0” Rasta
East		84’0” Road
West		82’6” Land of Ram Niwas and Chiranji Lal

Property Tax Details

Details will be provided by the applicant/ owner

Assuming the entire property is let out, the probable monthly rent and advance building rent

Vacant plot with few built up

VALUATION DETAILS

The Total area (extent) of the site/ land

3K 9M or 2087.25 sq.yd. (as per deed)

Description of the site/ land

Property an existing vacant land with few built up like boundary wall etc. as identified, demarked and shown by the applicant/ owner, land which is part of Khewat no. 106, Khatoni No. 156, Murabba no. 44 Killa No. 24/2, Waka Village- Alipur Khalsa, Near Shiv Dharam Kanta, Tehsil- Gharaunda, District – Karnal

Character of Locality

Mixed area, mainly agriculture

Classification

Middle Class

Development of surrounding areas

Developing area

Feasibility to the civic amenities like school, Hospital, Offices, Market etc.

Available

Nature of right, whether leasehold/ freehold

Free hold

Road Facility

Available

Is it a corner plot?

Yes

Water supply/ Potentially

Available

General Remarks

Vacant plot with few built up

Prevailing Unit Market rate

Rs. 1500.00/ sq.yd

Unit rate adopted in this valuation

Rs. 1500.00/ sq.yd

Valuate of the site/ land

2087.25 sq.yd @ Rs. 1500.00/ sqyd = Rs. 3.131 Millions

TOTAL VALUATION

Valuation of the land

Rs. 3.131 Millions

Valuation of the Building, earth filling, boundary wall, L…S……

Rs. 0.800 Million

TOTAL VALUE (LAND + BUILDING)

RS. 3.931 MILLIONS SAY RS. 3.931 MILLIONS

REALIZABLE VALUE OF THE PROPERTY

RS. 3.600 MILLIONS

DISTRESS VALUE OF THE PROPERTY

RS. 3.300 MILLIONS

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PROPERTY VALUATION REPORT

GENERAL INFORMATION

Name of the Party/ Purchaser and Address

Mrs. Bimla Rani W/o Mr. Dilwar Singh

House No. 205, Subhash Colony, Near Gurunanak Motor, Panipat

Name/s of the reported owner/ Name/s of persons in whose name/s the property registered and address

Mrs. Bimla Rani w/o Mr. Dilawar Singh

Mobile -91-9896777188/ 9896777999

Purpose of Valuation

To assess the present market value of the property for Bank purpose only.

List of Documents produced for perusal

Single ownership and property covered under deed No. 7431 dated 15.01.2003

Date of Inspection

27.01.2011

Date of Valuation

28.01.2011

Approximate distance from the branch to the property

Approximate 17-18 km.

Situation / location / brief description of the land / site and brief description of the building

Property an existing residential building, as identified, demarked and shown by the applicant/ owner, House No. 205, Subhash Colony, Near Gurunanak Motor, Tehsil Camp, G.T. Road, Inside M.C. Limit, Panipat

Dimension and Boundaries

	As per Deed	As per Site
North	24.48 Ft H/o Rajwant Singh	24’6” H/o Rajwant Singh
South	24.48 ft. Street	24’6” Street
East	50 Ft. H. No. 204 of Ishwar Singh	50’0” H/o Bimla Rani, H. No. 204
West	50 Ft. H. No. 206	50’0” H. No. 206 of Kashmira Singh

Property Tax Details

Details will be provided by the applicant/ owner

Assuming the entire property is let out, the probable monthly rent and advance building rent

Approximately Rs. 5000.00 per month

VALUATION DETAILS

The Total area (extent) of the site/ land

136.125 sq.yd. (as per deed)

Description of the site/ land

Character of Locality

Residential

Classification

High

Development of surrounding areas

Developing area

Feasibility to the civic amenities like school, Hospital, Offices, Market etc.

Available

Nature of right, whether leasehold/ freehold

Free hold

Road Facility

Available

Water Supply/ Potentiality

Available

Under Ground sewerage system

Available

Is it a corner plot?

Yes

General Remarks

Residential Building

Prevailing Unit Market rate

Rs. 23500.00/ sq.yd

Unit rate adopted in this valuation

Rs. 23500.00/ sq.yd

Valuate of the site/ land

136.125 sq.yd @ Rs. 23500.00/ sqyd = Rs. 3.199 Millions

BUILDING

Type of construction

Residential Building

Quality of Construction

Normal

Appearance of the building

Normal

Number of Floors

GF+FF

Maintenance of the building

Building is in good conditions

DESCRIPTION OF THE BUILDING

Foundation

Brick masonary walls in step foundation – as told

Superstructure

Brick masonary

Roof

RCC slab

Doors

Wooden

Windows

Wooden

Sanitary Fittings

Available

Flooring

Marble, Chips and brick

Electric Supply

Available

Total Plinth Area

GF+FF= 1225+250 – 1475 sq.ft.

Total covered area = 1475 sq.ft.

Year of Construction

2005- as told

Total life of the building

Approx. 55 years with periodically maintenance of the building

General Remarks

Residential building

Replacement rate of construction with the existing conditions and specification

GF + FF = 1475 sq.ft. @ Rs. 550/ sq.ft. = Rs. 0.811 Million

Total built up value = Rs. 0.811 Million

Replacement Value as the rate

Nil, being depreciated replacement value considered

PRESENT VALUE OF THE BUILDING

RS. 0.811 MILLION

TOTAL VALUATION

Valuation of the land

Rs. 3.199 Millions

Valuation of the Building, earth filling, boundary wall, L…S……

Rs. 0.811 Million

TOTAL VALUE (LAND + BUILDING)

RS. 4.010 MILLIONS SAY RS. 3.931 MILLIONS

REALIZABLE VALUE OF THE PROPERTY

RS. 3.700 MILLIONS

DISTRESS VALUE OF THE PROPERTY

RS. 3.400 MILLIONS

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PROPERTY VALUATION REPORT

GENERAL INFORMATION

Name of the Party/ Purchaser and Address

Mrs. Bimla Rani W/o Mr. Dilwar Singh

Subhash Colony, Near Gurunanak Motor, Panipat

Name/s of the reported owner/ Name/s of persons in whose name/s the property registered and address

Mrs. Bimla Rani w/o Mr. Dilawar Singh

Mobile -91-9896777188/ 9896777999

Purpose of Valuation

To assess the present market value of the property for Bank purpose only.

List of Documents produced for perusal

Single ownership and property covered under deed No. 1009 dated 18.05.2006

Date of Inspection

27.01.2011

Date of Valuation

28.01.2011

Approximate distance from the branch to the property

Approximate 17-18 km.

Situation / location / brief description of the land / site and brief description of the building

Property an existing residential building, as identified, demarked and shown by the applicant/ owner, Northern part of Plot No. 218, Waka Patti Insar, Subhash Colony, Near Gurunanak Motor, Tehsil Camp, G.T. Road, inside M.C. limit, Panipat

Dimension and Boundaries

	As per Deed	As per Site
North	Road	24’71/2” Street
South	Part of Plot No. 218	24’7/2” Part of H. No. 218
East	Street	15’4” Street
West	Plot of Durga Dass	15’4” House of Durga Dass

Property Tax Details

Details will be provided by the applicant/ owner

Assuming the entire property is let out, the probable monthly rent and advance building rent

Approximately Rs. 3500.00 per month

General Remarks

Commercial building

VALUATION DETAILS

The Total area (extent) of the site/ land

41.93 sq.yd. (as per deed)

Description of the site/ land

Property an existing commercial building, as identified, demarked and shown by the applicant/ owner, Northern part of plot no. 218, Waka Patti Insar, Subhash Colony, Near Gurunanak Motor, Tehsil Camp, G.T. Road, Inside M.C. Limit, Panipat

Character of Locality

Residential

Classification

High

Development of surrounding areas

Developing area

Feasibility to the civic amenities like school, Hospital, Offices, Market etc.

Available

Nature of right, whether leasehold/ freehold

Free hold

Road Facility

Available

Water Supply/ Potentiality

Available

Under Ground sewerage system

Available

Is it a corner plot?

Yes

General Remarks

Commercial Building

Prevailing Unit Market rate

Rs. 28000.00/ sq.yd

Unit rate adopted in this valuation

Rs. 28000.00/ sq.yd

Valuate of the site/ land

41.93 sq.yd @ Rs. 28000.00/ sqyd = Rs. 1.174 Millions

BUILDING

Type of construction

Commercial Building

Quality of Construction

Normal

Appearance of the building

Normal

Number of Floors

GF only

Maintenance of the building

Building is in good conditions

DESCRIPTION OF THE BUILDING

Foundation

Brick masonary walls in step foundation – as told

Superstructure

Brick masonary

Roof

RCC slab

Doors

Wooden, aluminum and rolling shutter

Windows

Wooden

Sanitary Fittings

Available

Flooring

Electric Supply

Available

Total Plinth Area

GF= 180 sq.ft.

Total covered area = 180 sq.ft.

Year of Construction

2005- as told

Total life of the building

Approx. 55 years with periodically maintenance of the building

General Remarks

Residential building

Replacement rate of construction with the existing conditions and specification

GF = 180 sq.ft. @ Rs. 500/ sq.ft. = Rs. 0.090 Million

Total built up value = Rs. 0.090 Million

Replacement Value as the rate

Nil, being depreciated replacement value considered

PRESENT VALUE OF THE BUILDING

RS. 0.090 MILLION

TOTAL VALUATION

Valuation of the land

Rs. 1.174 Millions

Valuation of the Building, earth filling, boundary wall, L…S……

Rs. 0.090 Million

TOTAL VALUE (LAND + BUILDING)

RS. 1.264 MILLIONS SAY RS. 3.931 MILLIONS

REALIZABLE VALUE OF THE PROPERTY

RS. 1.100 MILLIONS

DISTRESS VALUE OF THE PROPERTY

RS. 1.000 MILLIONS

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PROPERTY VALUATION REPORT

GENERAL INFORMATION

Name of the Party/ Purchaser and Address

Mr. Beermati w/o Mr. Jaipal Singh

House No. 278, Subhash Colony, Near Kohinoor Carpet, Panipat

Name/s of the reported owner/ Name/s of persons in whose name/s the property registered and address

Mrs. Beermati w/o Mr. Jaipal Singh

Mobile No.: 91-9896777188/ 9896777999

Purpose of Valuation

To assess the present market value of the property for Bank purpose only.

List of Documents produced for perusal

Single ownership and property covered under deed No. 4879 dated 05.09.2008

Date of Inspection

27.01.2011

Date of Valuation

28.01.2011

Approximate distance from the branch to the property

Approximate 17-18 km.

Situation / location / brief description of the land / site and brief description of the building

Property an existing residential building, as identified, demarked and shown by the applicant/ owner, Northern part of Plot No. 278, Subhash Colony, Near Kohinoor Carpet, Tehsil Camp, G.T. Road, Inside M.C. Limit, Panipat

Dimension and Boundaries

	As per Deed	As per Site
North	24.62 Ft X 50 Ft.	24’71/2” Street
South	Street	24’7/2” Part of H. No. 218
East	H/o Jain Sahab	50’0” H/o Jain Sahab
West	H/o Sardar Sachiyar Singh	50’0” H/o Sardar Sachiyar Singh

Property Tax Details

Details will be provided by the applicant/ owner

Assuming the entire property is let out, the probable monthly rent and advance building rent

Approximately Rs. 10000.00 per month

General Remarks

Residential Building

VALUATION DETAILS

The Total area (extent) of the site/ land

136.8 sq.yd. (as per deed)

Description of the site/ land

Property an existing residential building, as identified, demarked and shown by the applicant/ owner, House No. 278, Subhash Colony, Near Kohinoor Carpet, Tehsil Camp, G.T. Road, Inside M.C. Limit, Panipat

Character of Locality

Residential

Classification

High

Development of surrounding areas

Developing area

Feasibility to the civic amenities like school, Hospital, Offices, Market etc.

Available

Nature of right, whether leasehold/ freehold

Free hold

Road Facility

Available

Water Supply/ Potentiality

Available

Under Ground sewerage system

Available

General Remarks

Residential Building

Prevailing Unit Market rate

Rs. 23500.00/ sq.yd

Unit rate adopted in this valuation

Rs. 23500.00/ sq.yd

Valuate of the site/ land

136.8 sq.yd @ Rs. 23500.00/ sqyd = Rs. 3.215 Millions

BUILDING

Type of construction

Residential Building

Quality of Construction

Good

Appearance of the building

Good

Number of Floors

GF+ FF+SF

Maintenance of the building

Building is in good conditions

DESCRIPTION OF THE BUILDING

Foundation

Brick masonary walls in step foundation – as told

Superstructure

Brick masonary

Roof

RCC slab

Doors

Wooden

Windows

Wooden

Sanitary Fittings

Available

Flooring

Marble

Electric Supply

Available

Total Plinth Area

GF+FF+SF = 1231+1231+705 = 3167 sq.ft.

Total covered area = 3167 sq.ft.

Year of Construction

2009- as told

Total life of the building

Approx. 60 years with periodically maintenance of the building

General Remarks

Residential building

Replacement rate of construction with the existing conditions and specification

GF+FF+SF = 3167sq.ft. @ Rs. 1000/sq.ft. = Rs. 3.167 Millions

Total Built up value = Rs. 3.167 Millions

Replacement Value as the rate

Nil, being depreciated replacement value considered

PRESENT VALUE OF THE BUILDING

RS. 3.167 MILLIONS

TOTAL VALUATION

Valuation of the land

Rs. 3.215 Millions

Valuation of the Building, earth filling, boundary wall, L…S……

Rs. 3.167 Million

TOTAL VALUE (LAND + BUILDING)

RS. 6.382 MILLIONS SAY RS. 6.382 MILLIONS

REALIZABLE VALUE OF THE PROPERTY

RS. 5.900 MILLIONS

DISTRESS VALUE OF THE PROPERTY

RS. 5.400 MILLIONS

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PROPERTY VALUATION REPORT

GENERAL INFORMATION

Name of the Party/ Purchaser and Address

Mrs. Rekha Rani w/o Mr. Amit Pal

House No. 80, Subhash Nagar, Tehsil Camp, Panipat

Name/s of the reported owner/ Name/s of persons in whose name/s the property registered and address

Mrs. Rekha Rani w/o Mr. Amit Pal

Mobile No.: 91-9896777188/ 9896777999

Purpose of Valuation

To assess the present market value of the property for Bank purpose only.

List of Documents produced for perusal

Single ownership and property covered under deed No. 10525 dated 01.02.2011

Date of Inspection

27.01.2011

Date of Valuation

28.01.2011

Approximate distance from the branch to the property

Approximate 17-18 km.

Situation / location / brief description of the land / site and brief description of the building

Property an existing residential building, as identified demarked and shown by the applicant/ owner, House No. 80, Subhash Colony, Near Gurunanak Motor, Tehsil Camp, G.T. Road, Inside M.C. Limit, Panipat

Dimension and Boundaries

	As per Deed	As per Site
North	8.25 sq.yd. Road	24’3” Road
South	8.25 sq.yd H.No 71 of Bhagat Singh	24’3” H. No. 71 of Bhagat Singh
East	16.25 sq.yd H.No. 81 of Surinder Kumar	49’6” H. No. 81 of Surinder Kumar
West	16.25 sq.yd H. No. 79 of Shiv Dutt	49’6” H. No. 79 of Shiv Dutt

Property Tax Details

Details will be provided by the applicant/ owner

Assuming the entire property is let out, the probable monthly rent and advance building rent

Approximately Rs. 4500.00 per month

General Remarks

Residential Building

VALUATION DETAILS

The Total area (extent) of the site/ land

136 sq.yd. (as per deed) and 134.75 sq.yd (as per site)

Description of the site/ land

Property an existing residential building, as identified, demarked and shown by the applicant/ owner, House No. .80, Subhash Colony, Near Gurunanak Motor, Tehsil Camp, G.T. Road, Inside M.C. Limit, Panipat

Character of Locality

Residential

Classification

High

Development of surrounding areas

Developed Area

Feasibility to the civic amenities like school, Hospital, Offices, Market etc.

Available

Nature of right, whether leasehold/ freehold

Free hold

Road Facility

Available

Water Supply/ Potentiality

Available

Under Ground sewerage system

Available

General Remarks

Residential Building

Prevailing Unit Market rate

Rs. 23500.00/ sq.yd

Unit rate adopted in this valuation

Rs. 23500.00/ sq.yd

Valuate of the site/ land

134.75 sq.yd @ Rs. 23500.00/ sqyd = Rs. 3.167 Millions

BUILDING

Type of construction

Residential Building

Quality of Construction

Normal

Appearance of the building

Normal

Number of Floors

GF+ FF

Maintenance of the building

Building is in good conditions

DESCRIPTION OF THE BUILDING

Foundation

Brick masonary walls in step foundation – as told

Superstructure

Brick masonary

Roof

RCC slab

Doors

Wooden

Windows

Wooden

Sanitary Fittings

Available

Flooring

Electric Supply

Available

Total Plinth Area

GF+FF = 1170+250 = 1420 sq.ft.

Total covered area = 1420 sq.ft.

Year of Construction

2003- as told

Total life of the building

Approx. 55 years with periodically maintenance of the building

General Remarks

Residential building

Replacement rate of construction with the existing conditions and specification

GF+FF = 1420sq.ft. @ Rs. 500/sq.ft. = Rs. 0.710 Million

Total Built up value = Rs. 0.710 Million

Replacement Value as the rate

Nil, being depreciated replacement value considered

PRESENT VALUE OF THE BUILDING

RS. 0.710 MILLION

TOTAL VALUATION

Valuation of the land

Rs. 3.167 Millions

Valuation of the Building, earth filling, boundary wall, L…S……

Rs. 0.710 Million

TOTAL VALUE (LAND + BUILDING)

RS. 3.877 MILLIONS SAY RS. 6.382 MILLIONS

REALIZABLE VALUE OF THE PROPERTY

RS. 3.600 MILLIONS

DISTRESS VALUE OF THE PROPERTY

RS. 3.300 MILLIONS

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PROJECT REPORT

Name of the Unit	Om Foods

Proposed Constitution	Partnership

Date of Commencement of Production	Expected in January- February 2011

Industry	Juice Industry (Food Processing Industry)

Activities Proposed	Manufacturing and Trading of Fruits juice under the Brand Name ‘OM’

Location Proposed	Head Office: 218, Subhash Nagar, Tehsil Camp, Panipat. Works At: Khotpura Road, V.P.O. Alipur, Khalsa (Near Kohand) District Karnal

Name of the Partners	Mr. Joginder Singh S/o Mr. Jai Pal Singh Mrs. Bimla Rani w/o Mr. Dilwar Singh Mrs. Rekha Rani W/o Sh. Arnit Pal (Complete Bio-data of partner’s are enclosed)

Credit Facilities Proposed
* Term Loan From Bank	Rs.[21.063] Millions (Approximately)
* Working Capital Loan	Rs. 5.000 Millions

PARTICULARS ABOUT THE PROJECT

The business shall be carried over under the name and style of OM FOODS as a Partnership concern. The name of the Partners are Mr. Joginder Singh, S/o Mr. Jaipal Singh, Mrs. Bimal Rani, w/o Mr. Dilawar Singh and Mrs. Rekha Rani, w/o Amit Pal. The firm head office registered at 218, Subhash Nagar, Tehsil Camp- Panipat and the works will be carried out at V.P.O. – Alipur Khalsa, Khot Pura Road, District Karnal.

The unit is going to engage in the manufacturing of Fruits Juices! Pulp and Related Products. The Product’s ‘ ill be Marketed in the Brand Name of ”OM” With a range of 250 ml., 500m1, 600m1, i000mI, 1200m1, 2000rn1, in Pet Bottles as well as Glass Bottles etc.

There wouldn’t arise any problem regarding the procurement of raw material Skilled and unskilled labour required for the business will be easily available at cheaper rates The Plant’s capacity will be sufficient for Haryana like Karnal, and adjoining cities like Panipat Kurkshetra, Sonipat, and Jind and other outer area of U.P and Rajasthan etc. As per Food Act this unit must get FPO License from Ministry of Food Safety which comes under Ministry of Health. The firm has also applied for the approval to draw the water from earth to the “Central Ground Water, Chandigarh’.

The Partners possesses the skills, which will be required to conduct Juice business like administrative skills, behavioural skills, conceptual skill, technical skills and analytical skills. Keeping in view of the better future results Partners has decided to set up the unit at Khotpura Road, V.P.O. Alipur Khalsa (Near Kohand) District

MANUFACTURING PROCESS

Stage wise manufacturing process is depicted in the Process Flow Chart enclosed herewith. Further, it is standard manufacturing process and has successfully being adopted by large number of units working in this line.

The pulp of Mango and other fruits which are to be used for the manufacturing of Fruit Juices are extracted and preserved during their respective Seasons. As per the pre determined recipe, Sugar Citric Acid, and Water are weighted, mixed together, based and filtered through required mesh. The Sirup thus obtained is Cooled/Hot and mixed with the required quantity of the fruits juices. To improve the appearance and taste of the product, adequate quantities of edible food color dissolved previously in a Small quantity of Water and essence is added to it. After mixing all the ingredients chemicals preservatives like Potassium Meta, bisulphite (KMS) or Sodium benzoate dissolved previously in a required quantity of water is added. Immediately after this juice is filled in bottles, capped, labeled and packed in cartons.

INTRODUCTION

A variety of soft drinks are presently available in the market but majority of them are synthetic carbonated drinks. But gradually there is a district shift towards fruit based juices like Frooti, Maaza, TreeTop etc. These established brands have created awareness in the mind of customers and a new unit can encash on this trend. Mango is a fruit which has many varieties and is grown in majority of the states of the country. Pulp or juice of ripe mangoes is consumed along with main course. Many taste enriches are made from unripe mangoes and their shelf life is enhanced either by processing them or by using preservatives. This fruit is available only during 4-5 months every year and is gneral1y liked by everyone. Mangoes are grown all over the country but Bihar and Jharkhand states have ample production thus mango processing can he started after assessing the market. In the hot country like India, the use of refreshing and thirst quenching drinks, mostly falling under category of aerated waters has become stagnant.

For a long time. the use of flavoured thick sugar syrups has been very common. During the last decades, the products like fruit juices, squashes, cordials. crushes, syrup and ready to serve Juices have been introduced in the country on commercial scale to a large extent.

It is needless to mention that water, a compound of Hydrogen and Oxygen is a precious natural gift which is very essential for the survival of mankind including animals and plants. The water used for potable purpose should be free from undesirable impurities. The water available from untreated sources such as Well, Boreholes, and spring is generally not hygienic and safe for drinking. Thus it is desirable and necessary tc purify the water and supply under hygienic conditions for human drinking purpose.

As the name implies, the mineral water is the purified water fortified with requisite amounts of minerals such as Barium, Iron, Manganese etc which can be absorbed by human body. It is either obtained from natural resources like spring and drilled wells or it is fortified artificially by blending and treating with mineral salts. The mineral water shall be manufactured and packed under conditions in properly washed and cleaned bottles in sterilized conditions.

MARKET POTENTIAL

With the changing race of human activity and changing life style, the demand for RTS drink is also increasing. Besides consumption in the households, it is served in hotels, restaurants, clubs, airlines, railways etc. There has been appreciable increase in the export of processed foods which includes and syrups. With the fast growth of the urban areas and the living standards of the Indian people growing higher, there is a good potential this to develop industry in the small scale sector. Now a days the lot of branded companies are also in market, but inspite of that the target is to capture the market of small towns and Other local area. Which have the big consumption capacity and more over they are in touch with the dealers in local areas. In other product also inspite of big companies in market the small unit are doing there business and earning very well like wise lemon soda and other eatable foods in the market. As the small companies can produce the better items at much cheaper rate in comparison to big companies by saving in advertisement expenditure and other cost. Further more its also in the public interest t motivate and co-operate the small unit to make the equal development in the society by helping such type of units

LOCATION ADVANTAGE

Location advantages due lo the following reasons: -

The prime raw material for the product is easily available in the city and near by
The skilled, semi skilled and unskilled labour is easily available and there is no labour problem in City.
Market for the product is the same city and near by.
A large number of Private Transports arc engaged in the city for loading/unloading of raw material and finished goods.

LAND and BUILDING

Land measuring 3 Kanal and 9 Maria’s is required for carrying out these activities which is taken on lease from one of the partner of this firm Mrs. Bimla Rani w/o Mr. Dilawar Singh for the period of 20 years and the aforesaid land is sufficient for expansion if need arise in near future Further the unit proposes to construct building there as per the requirement and specification of the industry having a total cost of Rs. 7.500 Millions (Approximately) Further the proposed land and building is sufficient to meet out the needs of present as well as immediate expansion.

PLANT and MACHINERY

Various types of machinery and equipment required for the purpose of manufacturing of ready to serve fruits Juices etc. The production plant and equipment proposed have been se ected for envisaged production capacity that permit smooth operation of plant. The cost of the machinery will be Rs. 21.063 Millions approximately based on the quotation of the machinery supplier. This machinery has a capacity to produce near about 1000 ltr of product in an hour at its maximum capacity.

QUALITY CONTROL

The Partners are having good knowledge about the quality and content of the product. The quality control measures will be operated under the direct supervision of Partners and requisite technical staff will be employed during its regular operation of the business.

POWER:

The unit required fleet load of 125 KUA, which will be easily made available by the appropriate Electricity Authority. A stand by generator, is also planned for uninterrupted production.

PACKING:

Product will be marketed in the brand name of ‘OM’ with range of 250. ml, 500 ml, 600kl, 1000 ml, 1200 ml, 2000 ml, in pet bottles as well as glass bottle etc.

PRE-OPERATIVE EXPENSES

Pre-operative expenses includes the charges incurred on account of interest on bank borrowings, estanblishment etc. during construction period before the unit is put in manufacturing. An amount of Rs. 1.000 Million are earmarked for this purpose of meeting pre operative expenses.

PARTICULARS OF THE PRODUCT AND BRIEF NOTE ON THE MARKETING

· Service Rendered : Food Products.

· Use: Consumer Product

· By Product: Recycle

· Market for the Product: Haryana, Uttar Pradesh, Delhi, Rajasthan and Near by

MARKET POTENTIAL

With the changing pace of human activity and changing life style, the demand for RTS drink is also increasing. Besides consumption in the households, it is served in hotel, restaurants, clubs, airlines, railways etc. there has been an appreciable increase in the export of processed foods which included Fruit Juices, squashed and syrups, with the fast growth of the urban areas and the living standards of the Indian people growing higher, there is a good potential this to develop industry in the small scale sector.

JUSTIFIED OF LAND

They propose the Manufacturing and Trading of Fruits Juice under the brand name ‘OM’. The material are of great size and require space for their movement. Keeping in vie of the existing machinery of similar kind in future, the are shall be constructed for working hall and packing and other assembly work. Besides this on there shall be administrative and marketing office.

The unit is proposed to construct the following building with a specific height to accommodate:-

a) Processing hall

b) Raw Materials

c) Finished Material Store

d) Administrative Building with WC’s and Laboratory

e) Resting room for worker

f) Boiler room/ cooling tower

g) Under ground water tank and specific tank

h) D.G. Set/ Diesal storae tank

i) Garage

j) Parking

ASSUMPTION AND NOTES TO THE PROJECT REPORT

Prices have been considered constant it is assumed that any increase in cost of purchase and other expenses shall be offset by the corresponding increase in safe price.
The report has been complied on the basis of data supplied by the party.
Depreciation on Fixed Assets has been worked out on W.D.V. Method
Income Tax is calculated as per the Provisions of INCOME TAX ACT, 1961 as per the rates applicable now assuming that the same rate will be applicable in the future.
Interest on Term Loan has been taken @ 13.5% p.a.
Every year each personnel in the unit shall be entitled for at least 10% increment
The concern proposes to set up independent unit in area measuring around Kanal and 9 Marla’s in District Karnal for manufacturing of Food Items etc. The financial in this report shows the results that concern is likely to achieve while operating this unit as independent unit.

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

STATEMENT SHOWING ASSETS AND LIABILITIES

(NET WORTH STATEMENT)

MRS. BIMLA DEVI

(Partner)

IMMOVABLE PROPERTIES	GUARANTOR
Address of the property with survey No./ Door No. etc.	1. Khata No. 106, Khotan 156, Alipur Khalsa 2. House No. 205, Subhash Colony, Near Gurunanak Motor, Tehsil Camp, G.T. Road, Inside M.C. Limit Panipat 3. Plot no. 218, Waka Patti Insar, Subhash Colony, Near Gurunanak Motor, Tehsil Camp, G.T. Road, Inside M.C. Limit, Panipat

Description : Land/ Site/ Building	1. Land with Boundary Wall 2. Building 3. Building

Whether free hold/ Lease hold	Freehold (1, 2, 3)

Type of Property : Commercial/ Residential/ agricultural	1. Commercial 2. Residential 3. Commercial

Area/ Extent of land	1. 2087.25 sq. yd. 2. 16.125 sq.yd. 3. 42 sq. yd.

Mortgaged for availing loan if any, details thereof	No

Present Market/ Assessed Value	1. Rs. 3.931 Millions 2. Rs. 4.010 Millions 3. Rs. 1.264 Millions Total : Rs. 9.205 Millions

INVESTMENT IN BUSINESS CAPITAL
Name of the company/ firm/ concern in which investment is made	Om Food

Present Value of Investment	Rs. 0.370 Million

LIFE INSURANCE POLICIES
Policy No.	1. 173793613 2. 171726871

Date of Policy	1. 20.02.2004 2. 18.07.1998

Type of Policy: Endowment/ whole life etc	Endowment (1,2)

Annual Premium	1. 878 (Quarter) 2. 822 (Half Year)

Sum Assured	1. Rs. 0.050 Million 2. Rs. 0.025 Million

Surrender Value	1. Rs. 0.028 Million 2. Rs. 0.023 Million

OTHER ASSETS
Furniture and Fixtures	Rs. 0.300 Million
Cash in hand	Rs. 0.100 Million
Jewellery	Rs. 0.475 Million
Household goods	Rs. 0.100 Million
Total Value of other assets	Rs. 0.975 Million

TOTAL ASSETS	RS. 10.601 MILLIONS
LIABILITIES
Name of the Bank/ Institution	ICICI Bank Limited

Nature / Type of Loan	Vehicle Loan

Date of Loan	11.02.2008

Amount of Loan availed	Rs. 0.320 Million

Security offered if any	Hypothecatin of Vehicles Hyunda

AMOUNT OUTSTANDING	RS. 0.150 MILLION

NET WORTH	RS. 10.451 MILLIONS

COMPUTATION OF TOTAL INCOME

MRS. BIMLA DEVI

ASSESSMENT YEAR 2009-2010

(Rs. in Millions)

Particulars	Amount	Amount
HOUSE PROPERTY
Rental Income	0.244
Less: S.D. (@ 30%)	0.073	0.171

INCOME OTHER SOURCES
Interest and Other Income		0.004
Gross Total Income		0.175
Less: Deduction u/s		Nil
Total Income (Rounded off)		0.175

TAX ON TOTAL INCOME (Being Income exempted from tax up to Rs. 0.180 Million in the ladies case)		Nil
Total Tax Payable		Nil
Tax Deduction at Source		Nil
Refund Due		Nil

CAPITAL ACCOUNT

Particulars	Amount Rs. in Millions
Opening Balance	0.322
Add: Income (During the year)	0.175
Less: Drawings	0.036
Closing Balance	0.461

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

STATEMENT SHOWING ASSETS AND LIABILITIES

(NET WORTH STATEMENT)

MRS. REKHA DEVI

(Partner)

IMMOVABLE PROPERTIES	GUARANTOR
Address of the property with survey No./ Door No. etc.	H. No. 80, Subhash Nagar, Panipat

Type of Property : Commercial/ Residential/ agricultural	Residential

Present Market/ Assessed Value	Rs. 4.600 Millions

INVESTMENT IN BUSINESS CAPITAL
Name of the company/ firm/ concern in which investment is made	Om Food

Present Value of Investment	Rs. 1.100 Million

LIFE INSURANCE POLICIES
Policy No.	1386129

Sum Assured	Rs. 0.200 Million

Surrender Value	Rs. 0.200 Million

OTHER ASSETS
Jewellery	Rs. 0.200 Million
Total Value of other assets	Rs. 0.200 Million

TOTAL ASSETS	RS. 6.100 MILLIONS
LIABILITIES
AMOUNT OUTSTANDING	NIL

NET WORTH	RS. 6.100 MILLIONS

COMPUTATION OF TOTAL INCOME

MRS. REKHA DEVI

ASSESSMENT YEAR 2009-2010

PARTICULARS	AMOUNT
INCOME FROM OTHER SOURCES
Income from Tution	0.183

Gross Total Income	0.183

Less: Deduction
Under Chapter VI-A	0.000

Total Income	0.183

Taxable Total Income (Rounded off)	0.183
Tax on Total Income (Exemption limit is Rs. 0.190 Million in case of women)	0.000
Add: Education Cess @	0.000
Total Tax Payable	0.000
Total Tax payable / Refundable (Rounded off)	0.000

Tax Paid u/s 140	0.000

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

STATEMENT SHOWING ASSETS AND LIABILITIES

(NET WORTH STATEMENT)

MR. JOGINDER SINGH

(Partner)

IMMOVABLE PROPERTIES	GUARANTOR
Address of the property with survey No./ Door No. etc.	Agriuiltural Land Situated at Urlana KLa (1 acre)


Present Market/ Assessed Value	Rs. 2.500 Millions

INVESTMENT IN BUSINESS CAPITAL

Present Value of Investment	Rs. 0.760 Million

LIFE INSURANCE POLICIES

Surrender Value	Rs. 0.800 Million

OTHER ASSETS
Furniture and Fixture	Rs. 0.500 Million
Jewellery	Rs. 0.600 Million
Total Value of other assets	Rs. 1.100 Million

TOTAL ASSETS	RS. 5.160 MILLIONS
LIABILITIES
AMOUNT OUTSTANDING	NIL

NET WORTH	RS. 5.160 MILLIONS

COMPUTATION OF TOTAL INCOME

MR. JOGINDER SINGH

ASSESSMENT YEAR 2009-2010

(Rs. in Millions)

Particulars	Amount
Income from other sources
Tution and Other Income	0.203

Gross Total Income	0.203
Less: Deduction
Under Chapter VI-A	0.047

Total Income	0.156

Taxable Total Income (Rounded off)	0.156

Tax on Total Income (Exemption limit is Rs. 0.160 Million in case of men)	0.000

Add: Education Cess @ 3%	0.000

Total Taxable Payable	0.000
Total Tax payable / Refundable (Rounded off)	0.000

Tax Paid u/s 140	0.000

CAPITAL ACCOUNT

As on 31.03.2010

Particulars	Amount
Opening Capital	0.582
Add: Incoem During the year	0.156
Add: Aggriculture Income	0.015
Less: Drawing during the year	0.025
Less: LIC +Tution Fee During the year	0.047
Capital At the end of the period	0.681

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

STATEMENT SHOWING ASSETS AND LIABILITIES

(NET WORTH STATEMENT)

MRS. SUSHILA SINGH

(GUARANTOR)

IMMOVABLE PROPERTIES	GUARANTOR
Address of the property with survey No./ Door No. etc.	Drishti Card Palace, Bishan Soup Colony, Panipat

Description : Land/ Site/ Building	Building

Whether free hold/ Lease hold	Freehold

Type of Property : Commercial/ Residential/ agricultural	Commercial

Present Market/ Assessed Value	Rs. 1.500 Millions

INVESTMENT IN BUSINESS CAPITAL (AS UNSECURED LOAN)
Name of the company/ firm/ concern in which investment is made	Om Food

Present Value of Investment	Rs. 0.100 Million

LIFE INSURANCE POLICIES
Policy No.	171304382

Date of Policy	28.05.1996

Type of Policy: Endowment/ whole life etc	Endowment

Annual Premium	Rs. 0.007 Million

Sum Assured	Rs. 0.100 Million

Surrender Value	Rs. 0.123 Million

OTHER ASSETS
Plant and Machinery	Rs. 0.100 Million
Total Value of other assets	Rs. 0.100 Million

TOTAL ASSETS	RS. 1.823 MILLIONS
LIABILITIES
AMOUNT OUTSTANDING	NIL

NET WORTH	RS. 1.823 MILLIONS

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

STATEMENT SHOWING ASSETS AND LIABILITIES

(NET WORTH STATEMENT)

MRS. BIMLA DEVI

(Partner)

IMMOVABLE PROPERTIES	GUARANTOR
Address of the property with survey No./ Door No. etc.	H. No. 270, Subhash Colony, Near Kohinoor Carpet, Panipat

Description : Land/ Site/ Building	Building

Whether free hold/ Lease hold	Freehold

Type of Property : Commercial/ Residential/ agricultural	Residential

Area/ Extent of land	136.8 sq.yds.

Mortgaged for availing loan if any, details thereof	No

Present Market/ Assessed Value	Rs. 6.382 Millions

LIFE INSURANCE POLICIES
Policy No.	1. 176046242 2. 176046243

Date of Policy	20.08.2008 (1, 2)

Type of Policy: Endowment/ whole life etc	Single Premium

Annual Premium	Rs. 0.050 Million (1, 2)

Sum Assured	--

Surrender Value	1. Rs. 0.050 Million 2. Rs. 0.050 Million

OTHER ASSETS
Cash in hand	Rs. 0.060 Million
Gold Jewellery	Rs. 0.340 Million
Total Value of other assets	Rs. 0.400 Million

TOTAL ASSETS	RS. 6.882 MILLIONS
LIABILITIES
AMOUNT OUTSTANDING	NIL

NET WORTH	RS. 6.882 MILLIONS

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

STATEMENT SHOWING ASSETS AND LIABILITIES

(NET WORTH STATEMENT)

MR. JAIPAL SINGH

(Guarantor)

IMMOVABLE PROPERTIES	GUARANTOR
Address of the property with survey No./ Door No. etc.	Agricultural land at Urlana Kla Village Baljattan, Panipat

Description : Land/ Site/ Building	Land

Whether free hold/ Lease hold	Freehold

Type of Property : Commercial/ Residential/ agricultural	Agriculture

Area/ Extent of land	Rs. 1.000 Million

Mortgaged for availing loan if any, details thereof	No

Present Market/ Assessed Value	Rs. 28.000 Millions

INVESTMENT IN BUSINESS CAPITAL (AS UNSECURED LOAN)
Name of the company/ firm/ concern in which investment is made	Om Food

Present Value of Investment	Rs. 0.600 Million

GOVERNMENT SECURITIES/ NSC/ NSS ETC
Description	Amount in Kisan Gold Card

Present Value of Securities	Rs. 0.200 Million

LIFE INSURANCE POLICIES
Policy No.	1. 176046241 2. 176046240

Date of Policy	1. 29.08.2008 2. 29.08.2008

Type of Policy: Endowment/ whole life etc	Single Premium

Annual Premium	1. Rs. 0.050 Million 2. Rs. 0.050 Million

Surrender Value	1. Rs. 0.028 Million 2. Rs. 0.023 Million

OTHER ASSETS
Car	Rs. 0.600 Million
Cash in hand	Rs. 0.060 Million
Tractor	Rs. 0.660 Million
Other Assets	Rs. 0.240 Milion
Total Value of other assets	Rs. 1.560 Millions

TOTAL ASSETS	RS. 30.460 MILLIONS
LIABILITIES
Name of the Bank/ Institution	SBI

Nature / Type of Loan	Vehicle Loan

Date of Loan	04.05.2009

Amount of Loan availed	Rs. 0.600 Million

AMOUNT OUTSTANDING	RS. 0.100 MILLION

NET WORTH	RS. 30.360 MILLIONS

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

STATEMENT SHOWING ASSETS AND LIABILITIES

(NET WORTH STATEMENT)

MR. AMIT PAL

(Guarantor)

IMMOVABLE PROPERTIES	GUARANTOR
Address of the property with survey No./ Door No. etc.	Village Baljatan Panipat

Description : Land/ Site/ Building	Land

Whether free hold/ Lease hold	Freehold

Type of Property : Commercial/ Residential/ agricultural	Agricultural

Area/ Extent of land	5.5 acre

Mortgaged for availing loan if any, details thereof	No

Present Market/ Assessed Value	Rs. 15.000 Millions

INVESTMENT IN BUSINESS CAPITAL
Name of the company/ firm/ concern in which investment is made	Om Food

Present Value of Investment	Rs. 0.200 Million

LIFE INSURANCE POLICIES
Policy No.	1. 171714139 2. 173393097 3. 174764785 4. 33041464809 5. 10535960 6. 10601254 7. 14174002

Date of Policy	1. 28.12.1998 2. 28.11.2002 3. 28.11.2005 4. 28.03.2010 5. 28.02.2007 6. 31.03.2007 7. 20.01.2011

Type of Policy: Endowment/ whole life etc	Endowment (1,2, 3) ULIP (4, 5, 6, 7)

Annual Premium	1. Rs. 1579 (HY) 2. Rs. 9946 3. Rs. 7259 (HY) 4. Rs. 100000 5. Rs. 50000 6. Rs. 25000 7. Rs. 10000

Sum Assured	1. Rs. 0.050 Million 2. Rs. 0.020 Million 3. Rs. 0.020 Million 4. Nil 5. Rs. 0.025 Million 6. Rs. 0.025 Million 7. Rs. 0.010 Million

Surrender Value	1. Rs. 0.041 Million 2. Rs. 0.099 Million 3. Rs. 0.102 Million 4. Rs. 0.200 Million 5. Rs.0.100 Million 6. Rs. 0.096 Million 7. Rs. 0.010 Million

OTHER ASSETS
Furniture and Fixtures	Rs. 0.250 Million
Cash in hand	Rs. 0.150 Million
Jewellery	Rs. 0.750 Million
Total Value of other assets	Rs. 1.150 Millions

TOTAL ASSETS	RS. 17.102 MILLIONS

AMOUNT OUTSTANDING	NIL

NET WORTH	RS. 17.102 MILLIONS

COMPUTATION OF TOTAL INCOME

MR. AMIT PAL

ASSESSMENT YEAR 2009-2010

Particulars	Amount
SALARY INCOME
Income from Salary from	0.922
Rofous Software Private Limited

Less: Allowance to the extent Exempt u/s 10
House Rent Allowance	0.160
Conveyance Allowance	0.010
Medical Allowance	0.015
Salary Income	0.808

Less: Tax on Employment	0.002

Net Salary Income	0.805

Deduction :u/s 80-C
LIC/ ULIP/ ELSS : Rs. 0.103 Million
P.F.: Rs. 0.009 Million
Total Rs. 0.112	0.100
Total Income	0.705

Total Income (Rounded off)	0.705

Tax on Total Income	0.116

Add: Education Cess @ 3%	0.003
Total Tax Payable	0.119

Tax Deducted at source	0.119

Less: Self Assistance Tax paid u/s 140A	Nil

Refund due	0.200 + Interest

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

STATEMENT SHOWING ASSETS AND LIABILITIES

(NET WORTH STATEMENT)

MR. DILAWAR SINGH

(Guarantor)

IMMOVABLE PROPERTIES	GUARANTOR
INVESTMENT IN BUSINESS CAPITAL (AS UNSECURED LOAN)
Name of the company/ firm/ concern in which investment is made	Om Food

Present Value of Investment	Rs. 0.250 Million


GOVERNMENT SECURITIES/ NSC/ NSS ETC
Description GPF and EDV	GPF

Present Value of Securities	Rs. 0.500 Million
LIFE INSURANCE POLICIES
Policy No.	1. 172104557 2. 171733939 3. 171733638

Date of Policy	1. 01.10.2000 2. 28.06.1999 3. 28.05.1999

Annual Premium	1. Rs. 1498 2. Rs. 1493 3. Rs. 1494

Sum Assured	1. Rs. 0.053 Million 2. Rs. 0.054 Million 3. Rs. 0.054 Million

Surrender Value	1. Rs. 0.066 Million 2. Rs. 0.072 Million 3. Rs. 0.072 Million

OTHER ASSETS
Cash in hand	Rs. 0.100 Million
Jewellery	Rs. 0.050 Million
Total Value of other assets	Rs. 0.150 Million

TOTAL ASSETS	RS. 1.009 MILLIONS
LIABILITIES
AMOUNT OUTSTANDING	NIL

NET WORTH	RS. 1.009 MILLIONS

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

FINANCIAL ASPECTS OF THE PROJECT

(Rs. in Millions)

Particulars	Amount
A. COST OF THE PROJECT

Capital cost of project/ Expansion Programme
1. Land and Development	0.000
2. Building	7.389
3. Plant and Machinery/ Electrical	20.669
4. Technical know how fee	0.000
5. Miscellaneous Fixed Assets	0.500
6. Preoperative Expenses	1.000
7. Contingencies	0.000
8. Total Capital Cost of the Project	29.558
9. Working Capital Margin	5.200
10. Total Cost of the Project	34.758

B. Means of Finance
1. Partner’s Capital	4.300
2. Profit and Loss Account	0.000
3. Term Loan- Bank/ Fis	21.063
4. Unsecured Loans / quasi equity	9.395
5. Total	34.758

C. Debt Equity Ratio	1.54

D. Partner’s Capital Break up
- Resident Indian	3.000
- Non Resident	0.000
Total	3.000

E. Working Capital Limits Sought
Fund Based	--
Cash Credit Limit	5.000
Non fund Based	--
Bank Guarantee / L.C	0.000

F. Repayment Term Loan (5 years + 6 months mortarium)

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

PROJECTED OPERATING STATEMENT

(Rs. in Millions)

Particulars	1^st Year	2^nd Year	3^rd Year	4^th Year	5^th Year	6^th Year
1. Gross Sales/ business receipts
i. Export Sales (FOB)	0.000	0.000	0.000	0.000	0.000	0.000
ii. Domestic Sales	33.120	38.640	44.160	49.680	49.680	51.667
Total	33.120	38.640	44.160	49.680	49.680	51.667
2. Less Excise Duty	0.000	0.000	0.000	0.000	0.000	0.000
3. Net Sales (1-2)	33.120	38.640	44.160	49.680	49.680	49.680
4. % age rise (+) or fall	--	16.67	14	12.50	0.00	0.00
5. Cost of Sales
i. a) Import Raw Material	0.000	0.000	0.000	0.000	0.000	0.000
b) Indigenous Raw Material	18.052	17.360	22.869	25.078	23.578	23.078
Total	18.052	17.360	22.869	25.078	23.578	23.078

ii. Cons. Stores and Spares
a) Indigenous	0.000	0.000	0.000	0.000	0.000	0.000
b) Imported	0.000	0.000	0.000	0.000	0.000	0.000

iii. Power and Fuel	1.148	1.339	1.530	1.721	1.721	1.721

iv. Direct labour	2.809	3.090	3.399	3.739	3.926	4.122

v. Other Manufacturing Expenses	0.662	0.773	0.883	0.994	0.994	0.994

vi. Depreciation/ Amortisation	5.123	4.217	3.485	2.892	2.411	1.820

vii. SUB TOTAL (i to vi)	27.794	26.779	32.166	34.423	32.629	31.735

ix. Add: Opening Stock in Process	0.000	0.347	0.335	0.402	0.430	0.408
	27.794	27.127	32.501	34.825	33.060	32.143

x. Deduct Closing Stock in process	0.347	0.335	0.402	0.430	0.408	0.397

xi. Cost of Production	27.446	26.792	32.099	34.395	32.652	31.746

xii. Add: Opening Stock of Finished Goods	0.000	4.632	4.463	5.361	5.737	5.468
	27.446	31.424	36.562	39.756	38.389	37.185

xiii. Deduct Closing Stock of Finished Goods	4.632	4.463	5.361	5.737	5.438	5.289

xiv. Sub Total (Total Cost of Sales)	22.814	26.961	31.201	34.019	32.951	31.895

6. General and Administrative	3.560	3.916	4.308	4.739	4.976	5.225

6a. Selling and Sales Promotion Expenses	0.994	1.159	1.325	1.490	1.490	1.490

7. Sub Total (5+6+6a)	27.368	32.037	36.834	40.248	39.417	38.611

8. Operating Profit before interest (3-7)	5.752	6.603	7.326	9.432	10.263	11.069

9. Interest	3.326	2.900	2.381	1.812	1.244	0.817

10. Operating Profit after Interest (8-9)	2.426	3.704	4.945	7.619	9.019	10.252

11.i) Add other non-operating expenses	0.033	0.039	0.044	0.050	0.050	0.050
	0.033	0.039	0.044	0.050	0.050	0.050
ii) Deduct other non operating expenses	0.000	0.000	0.000	0.000	0.000	0.000
	0.000	0.000	0.000	0.000	0.000	0.000
iii) Net of other non-operating income/ expenses	0.033	0.039	0.044	0.050	0.050	0.050

12. Profit before tax (10+11(iii))	2.459	3.742	4.989	7.669	9.069	10.302

13. Provision for taxes	0.826	1.257	1.676	2.577	3.047	3.461

14. Net Profit / Loss (12-13)	1.633	2.485	3.313	5.092	6.022	6.841

15. Dividend
a. Preference Share	0.000	0.000	0.000	0.000	0.000	0.000
b. Equity Share Capital	0.000	0.000	0.000	0.000	0.000	0.000

16. a. Preference Share (%)	0.000	0.000	0.000	0.000	0.000	0.000
b. Equity Share Capital (%)	0.000	0.000	0.000	0.000	0.000	0.000

17. Retained Profit (14-15)	1.633	2.485	3.313	5.092	6.022	6.841

18. Retained Profit/ Net Profit (%)	100.00	100.00	100.00	100.00	100.00	100.00

ANALYSIS OF BALANCE SHEET

(Rs. in Millions)

Particulars	1^st Year	2^nd Year	3^rd Year	4^th Year	5^th Year	6^th Year
CURRENT LIABILITIES
1. Short Term borrowings
i) From Applicant Bank	4.719	4.640	4.595	4.474	4.338	5.000
ii) From Other Bank	0.000	0.000	0.000	0.000	0.000	0.000
Total	4.719	4.640	4.595	4.474	4.338	5.000

2. Short term borrowings from others	0.000	0.000	0.000	0.000	0.000	0.000

3. Sundry Creditors (Trade)	1.504	0.723	0.953	1.045	0.491	0.192
Sundry Creditors (Others)	0.100	0.110	0.121	0.133	0.146	0.161

4. Advance payment from customers	0.000	0.000	0.000	0.000	0.000	0.000

5. Provision for taxation	0.000	0.000	0.000	0.000	0.000	0.000

6. Dividend Payable	0.000	0.000	0.000	0.000	0.000	0.000

7. Other Statutory Liabilities	0.100	0.110	0.121	0.133	0.146	0.161

8. Installation payable within one year
a) Term Loan	0.000	0.000	0.000	0.000	0.000	0.000
b) Debentures	0.000	0.000	0.000	0.000	0.000	0.000
c) DPG	0.000	0.000	0.000	0.000	0.000	0.000

9. Other Current Liabilities and Provisions (due within one year)	0.100	0.110	0.121	0.133	0.146	0.161

Current Liabilities other than bank	1.804	1.053	1.316	1.444	0.930	0.675

10. TOTAL CURRENT LIABILITIES (Total of 1 to 9)	6.523	5.693	5.911	5.918	5.269	5.676

TERM LIABILITIES

11. Debentures	0.000	0.000	0.000	0.000	0.000	0.000

12. Term Loans	18.957	14.744	10.531	6.319	2.106	0.000

13. Deferred Payment	0.000	0.000	0.000	0.000	0.000	0.000

14. Term Deposits/ Unsecured Loans	9.395	9.395	9.395	9.395	9.395	9.395

15. ICD Long Term	0.000	0.000	0.000	0.000	0.000	0.000

16. Other Term Liabilities	0.000	0.000	0.000	0.000	0.000	0.000

17. Total Term Liabilities (11 to 16)	28.352	24.139	19.926	15.714	11.501	9.395

18. Total outside Liabilities (10+17)	34.875	29.832	25.837	21.632	16.770	15.071

NET WORTH

19 a. Partner’s Capital	4.300	4.300	4.300	4.300	4.300	4.300
b. Addition	0.000	0.000	0.000	0.000	0.000	0.000

20. General Reserve	1.633	4.118	7.430	12.523	18.544	25.385

21. Revaluation Reserve	0.000	0.000	0.000	0.000	0.000	0.000

22. Other Reserve (excluding Audited)	0.000	0.000	0.000	0.000	0.000	0.000

23. Surplus (+) or deficit (-)	0.000	0.000	0.000	0.000	0.000	0.000

24. NET WORTH	5.933	8.418	11.730	16.823	22.844	29.685

25. TOTAL LIABILITIES (18+24)	40.808	38.250	37.568	38.455	39.614	44.756

TOTAL ASSETS	40.808	38.250	37.568	38.455	39.614	44.756

26. Book Value per Share – Face Value Rs. 10/-	0.000	0.000	0.000	0.000	0.000	0.000

CURRENT ASSETS

26. Cash and Bank Balances	0.837	0.841	0.765	0.802	1.042	1.131

27. Investments (Other than Long Term)
i) Equity Shares of SBBJ	0.000	0.000	0.000	0.000	0.000	0.000
ii) Fixed Deposits with bank	0.000	0.000	0.000	0.000	0.000	0.000

28 i) Export Receivables	0.000	0.000	0.000	0.000	0.000	0.000
ii) Receivables	7.010	9.016	10.120	13.165	16.560	23.422

29. Installment due within one year	0.000	0.000	0.000	0.000	0.000	0.000

30. Inventory:
i. a) Imported raw material	0.000	0.000	0.000	0.000	0.000	0.000
b) Indigenous raw Material	2.256	2.170	2.859	3.135	2.947	2.885

ii) Stock in process	0.347	0.335	0.402	0.430	0.408	0.397
iii) Finished Goods	4.632	4.463	5.361	5.737	5.438	5.289
iv) a) Indigenous Consumable Spares	0.000	0.000	0.000	0.000	0.000	0.000
b) Imported consumable spares	0.000	0.000	0.000	0.000	0.000	0.000

31. Advances to suppliers	0.200	0.220	0.242	0.266	0.293	0.322

32. Net Advance payment of taxes	0.000	0.000	0.000	0.000	0.000	0.000

33. Other Current Assets	1.089	0.987	1.086	1.077	1.495	1.698

34. TOTAL CURRENT ASSETS (TOTAL OF 26 TO 33)	16.373	18.032	20.834	24.613	28.183	35.145

TOTAL CURRENT ASSETS	16.373	18.032	20.834	24.613	28.183	35.145

FIXED ASSETS

35. Gross Block (Land and Building, Machinery, Work in progress)	28.558	28.558	28.558	28.558	28.558	28.558

36. Depreciation to date	4.923	8.940	12.224	14.916	17.127	18.947

37. NET BLOCK (35-36)	23.635	19.618	16.334	13.642	11.431	9.611

OTHER NON CURRENT ASSETS

38. a) Investment/ book debts/ advances/ deposits which are not current assets	0.000	0.000	0.000	0.000	0.000	0.000
b) other non-current assets	0.000	0.000	0.000	0.000	0.000	0.000
c) Deferred receivables/ Others	0.000	0.000	0.000	0.000	0.000	0.000

39. Non Consumable Store and spare	0.000	0.000	0.000	0.000	0.000	0.000

40. Other Non Current Assets	0.000	0.000	0.000	0.000	0.000	0.000

41. TOTAL OTHER NON CURRENT ASSETS	0.000	0.000	0.000	0.000	0.000	0.000

CURRENT ASSETS

42. Intangible assets (patents, goodwill, preliminary expenses bad/ doubtful debts not provided for etc.)	0.800	0.600	0.400	0.200	0.000	0.000

43. Total Assets ( total of 34, 37, 41 and 42)	40.808	38.250	37.568	38.455	39.614	44.756
	0.000	0.000	0.000	0.000	0.000	0.000
Total Liabilities	40.808	38.250	37.568	38.455	39.614	44.756

44. Tangible Net Worth (24-42)	5.133	7.818	11.330	16.623	22.844	29.685

45. Net Working Capital [(17+24) – (37+41+42)]	9.849	12.338	14.923	18.695	22.915	29.469

To Tally with (34-10)	9.849	12.338	14.923	18.695	22.915	29.469

46. Current Ratio (Item 34/10)	2.51	3.17	3.52	4.16	5.35	6.19

47. Total outside liabilities/ Tangible net worth (18/44)	6.79	3.82	2.28	1.30	0.73	0.51

ADDITIONAL INFORMATION

A) Arrears of depreciation	0.000	0.000	0.000	0.000	0.000	0.000

b) Contingent Liabilities
i) Arrears of cumulative dividends	0.000	0.000	0.000	0.000	0.000	0.000
ii) Gratuity liability not provided for	0.000	0.000	0.000	0.000	0.000	0.000
iii) Disputed Excise/ Customs / tax liability	0.000	0.000	0.000	0.000	0.000	0.000
iv) Other liabilities not provided for	0.000	0.000	0.000	0.000	0.000	0.000

ASSESSMENT OF WORKING CAPITAL REQIREMENT

(Rs. in Millions)

Particulars	1^st Year	2^nd Year	3^rd Year	4^th Year	5^th Year	6^th Year
A. CURRENT ASSETS
1. Raw Materials
a) Imported	0.000	0.000	0.000	0.000	0.000	0.000
Months’ consumption	0.000	0.000	0.000	0.000	0.000	0.000

b) Indigenous	2.256	2.170	2.859	3.135	2.947	2.885
Months’ Consumption	1.50	1.50	1.50	1.50	1.50	1.50

2. Other Consumable Spares
a) Indigenous	0.000	0.000	0.000	0.000	0.000	0.000
Months’ Consumption	0.000	0.000	0.000	0.000	0.000	0.000

b) Imported:	0.000	0.000	0.000	0.000	0.000	0.000
Month’s Consumption	0.000	0.000	0.000	0.000	0.000	0.000

3. Stock in process	0.347	0.335	0.402	0.430	0.408	0.397
Months’ cost of production	0.15	0.15	0.15	0.15	0.15	0.15

4. Finished goods	4.632	4.463	5.361	5.737	5.438	5.289
Months’ cost of sales	2.00	2.00	2.00	2.00	2.00	2.00

5. Export Receivables	0.000	0.000	0.000	0.000	0.000	0.000
Months’ Export Sales	0.000	0.000	0.000	0.000	0.000	0.000

6. Receivables	7.010	9.016	10.120	13.165	16.560	23.422
Months’ Domestic Sales	2.54	2.80	2.75	3.18	4.00	5.44

7. Advance to Suppliers of Raw Materials	0.200	0.220	0.242	0.266	0.293	0.322

8. Other current assets
- Cash and Bank Balances	0.837	0.841	0.765	0.802	1.042	1.131
- Investment	0.000	0.000	0.000	0.000	0.000	0.000
- Fixed Deposits with banks	0.000	0.000	0.000	0.000	0.000	0.000
- Net Advance payment of taxes	0.000	0.000	0.000	0.000	0.000	0.000
- Other current assets	1.089	0.987	1.086	1.077	1.495	1.698

9. TOTAL CURRENT ASSETS	16.373	18.032	20.834	24.613	28.183	35.145
( To agree with item 34 )

B. CURRENT LIABILITIES
(Other than bank borrowings for WC)

10. Creditors for Purchase	1.504	0.723	0.953	1.045	0.491	0.192
Months’ cost of production	1.00	0.50	0.50	0.50	0.25	0.10
Sundry Creditors (Others)	0.100	0.110	0.121	0.133	0.146	0.161

11. Advance from Customers	0.000	0.000	0.000	0.000	0.000	0.000

12. Statutory Liabilities	0.100	0.110	0.121	0.133	0.146	0.161

13. Other Current Liabilities
a. Dividend Payable	0.000	0.000	0.000	0.000	0.000	0.000
b. Overdue Instaolments Payable
- Term Loan	0.000	0.000	0.000	0.000	0.000	0.000
- Debenture	0.000	0.000	0.000	0.000	0.000	0.000
- D.P.G.	0.000	0.000	0.000	0.000	0.000	0.000
c. Other current liabilities and provision (due within one year)	0.100	0.110	0.121	0.133	0.146	0.161

14. TOTAL	1.804	1.053	1.316	1.444	0.930	0.675
(To agree with sub total of Form III)	1.804	1.053	1.316	1.444	0.930	0.675

COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE

(Rs. in Millions)

Particulars	1^st Year	2^nd Year	3^rd Year	4^th Year	5^th Year	6^th Year
1. Total Current Assets	16.373	18.032	20.834	24.613	28.183	35.145
2. Other Current Liabilities (Other than bank borrowings)	1.804	1.053	1.316	1.444	0.930	0.675
3. Working Capital Gap (WCG) (1-2)	14.568	16.978	19.518	23.169	27.253	34.469
4. Minimum stipulated net working capital i.e. 25% of total current assets as per IInd Method (Export receivables to be excluded)	4.093	4.508	5.209	6.153	7.046	8.786
5. Actual/ projected net working capital	9.849	12.338	14.923	18.695	22.915	29.469
6. Item 3 minus item 4	10.475	12.470	14.310	17.015	20.207	25.683
7. Item 3 minus item 4	4.719	4.640	4.595	4.474	4.338	5.000
8. Maximum permissible bank finance (Item 6 or 7 whichever is lower)	4.719	4.640	4.595	4.474	4.338	5.000
9. Excess borrowings representing short fall in NWC	0.000	0.000	0.000	0.000	0.000	0.000

FUNDS FLOW STATEMENT

(Rs. in Millions)

Particulars	1^st Year	2^nd Year	3^rd Year	4^th Year	5^th Year	6^th Year
1. SOURCES
a) Profit after tax	1.633	2.485	3.313	5.092	6.022	6.841
b) a) Depreciation	4.923	4.017	3.285	2.692	2.211	1.820
b) Amortisation	0.200	0.200	0.200	0.200	0.200	0.200
c) Increase in Partner’s Capital	--	--	--	--	--	--

a. Partner’s Capital	4.300	0.000	0.000	0.000	0.000	0.000
b. Addition	0.000	0.000	0.000	0.000	0.000	0.000
c) Increase in term liabilities	0.000	0.000	0.000	0.000	0.000	0.000

1. Debentures	0.000	0.000	0.000	0.000	0.000	0.000
2. Term Loans	21.063	0.000	0.000	0.000	0.000	0.000
3. Deferred payment	0.000	0.000	0.000	0.000	0.000	0.000
4. Term Deposits/ Unsecured Loan	9.395	0.000	0.000	0.000	0.000	0.000
5. ICD Long Terms	0.000	0.000	0.000	0.000	0.000	0.000
6. Other Term Liabilities security Depreciation	0.000	0.000	0.000	0.000	0.000	0.000

f) Decrease in
i) Fixed Assets (Gross)	0.000	0.000	0.000	0.000	0.000	0.000
ii) Other non-current assets	0.000	0.000	0.000	0.000	0.000	0.000
g) Total	41.513	6.702	6.797	7.984	8.433	8.661

2. USES
a) Net Loss	0.000	0.000	0.000	0.000	0.000	0.000
b) Increase in
i) Fixed Assets	28.558	0.000	0.000	0.000	0.000	0.000
ii) Other non-current assets	0.000	0.000	0.000	0.000	0.000	0.000
iii) Pre-operative expenses	1.000	0.000	0.000	0.000	0.000	0.000
iv) Investments	0.000	0.000	0.000	0.000	0.000	0.000
v) Deferred receivables / Others	0.000	0.000	0.000	0.000	0.000	0.000
c) Dividend	0.000	0.000	0.000	0.000	0.000	0.000
d) Decrease in Term Loan	2.106	4.213	4.213	4.213	4.213	2.106
e) Term deposits / Unsecured Loan	0.000	0.000	0.000	0.000	0.000	0.000
f) Other investment allowance	0.000	0.000	0.000	0.000	0.000	0.000
g) Total	31.664	4.213	4.213	4.213	4.213	2.106

3. Long Term Surplus / Deficit (1-20	9.849	2.489	2.585	3.771	4.220	6.555
4. Increase/ decrease in current assets	16.373	1.659	2.802	3.779	3.570	6.962
5. Increase/ decrease in current liabilities other than bank borrowings	1.804	[0.751]	0.263	0.128	[0.514]	[0.255]
6. Increase/ decrease in working capital gap	14.568	2.410	2.540	3.650	4.084	7.217
7. Net Surplus (+) deficit (-) (Difference of 3 and 6)	[4.719]	0.079	0.045	0.121	0.136	[0.662]
8. Increase/ decrease in bank borrowings	4.719	[0.079]	[0.045]	[0.121]	[0.136]	0.662

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

COMPUTATION OF DSCR

(Rs. in Millions)

Particulars	1^st Year	2^nd Year	3^rd Year	4^th Year	5^th Year	6^th Year
a. Profit after tax	1.633	2.485	3.313	5.092	6.022	6.841
b. Add depreciation	5.123	4.217	3.485	2.892	2.411	1.820
c. Interest on Term Loan	2.701	2.275	1.706	1.137	0.569	0.142
d. Total (a+b+c)	9.457	8.977	8.504	9.121	9.001	8.803
e. Repayment obligation	2.106	4.213	4.213	4.213	4.213	2.106
f. Interest on Term Loan	2.701	2.275	1.706	1.137	0.569	0.142
g. Total (e+f)	4.808	6.487	5.919	5.350	4.781	2.248
DSCR d:g	1.97	1.38	1.44	1.70	1.88	3.92
Average DSCR	2.05

Particulars	1^st Year	2^nd Year	3^rd Year	4^th Year	5^th Year	6^th Year
A. Cash Inflow
1. Profit After Tax	1.633	2.485	3.313	5.092	6.022	6.841
2. Depreciation / Amortization	5.123	4.217	3.485	2.892	2.411	1.820
3. Increase on Term Loan	2.701	2.275	1.706	1.137	0.569	0.142
4. Total Cash Inflow	9.457	8.977	8.504	9.121	9.001	8.803

B. Cash Outflow
1. Capital Expenditure	5.200	0.000	0.000	0.000	0.000	0.000
2. Total Cash Outflow	5.200	0.000	0.000	0.000	0.000	0.000

C. New Cash Flow (A-B)	4.257	8.977	8.504	9.121	9.001	8.803
D. Internal Rate of Return (%)	15.02

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.44.78
UK Pound	1	Rs.73.43
Euro	1	Rs.65.27

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.