MIRA INFORM REPORT

Report Date :

14.05.2011

IDENTIFICATION DETAILS

Name :	A R METAL AND ALLIED INDUSTRIES
Registered Office :	Begrajpur Industrial Area, Khataji , Muzaffarnagar-2512610, Uttar Pradesh
Country :	India
Financials (as on) :	31.03.2011
Year of Establishment :	April 2010
Capital Investment/ Paid-up Capital:	Rs. 1.854 Millions
Legal Form :	Partnership Concern with an unlimited liability of the partners.
Line of Business :	Manufacturer of Recycle battery.
No. of Employees:	20 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Status :	New Concern
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a new concern and in the process of establishing itself. The valuation report and networth statement provided seems to be satisfactory. No further details or payment could be made available. It would be advisable to take adequate securities while dealing 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	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. Mehboob Ahmed
Designation :	Partner
Contact No.:	91-9352347360
Date :	13.05.2011

LOCATIONS

Registered Office/ Factory :	Begrajpur Industrial Area, Khataji , Muzaffarnagar-2512610, Uttar Pradesh, India
Mobile No.:	91-9352347360 (Mr. Mehmood Ahmed)
Area :	620 sq.ft. (Owned)

PARTNERS

Name :	Mr. Mehmood Ahmed
Designation :	Partner
Date of Birth/Age :	35 Years
Qualification :	Graduate
Experience :	13 Years
Name :	Mr. Mehboob Ahmed
Designation :	Partner
Date of Birth/Age :	26 Years
Qualification :	Graduate
Experience :	4 Years

BUSINESS DETAILS

Line of Business :	Manufacturer of Recycle battery.
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Customers :	End Users
No. of Employees :	20 (Approximately)
Bankers :	Corporation Bank, Khotaji Branch, Uttar Pradesh, India

Banking Relations :	--
Auditors :
Name :	Gupta Tayal and Associates Chartered Accountant
Associates/Subsidiaries :	A.R. Motorwork Address, Muzaffarnagar, Uttar Pradesh, India A.R.Battery Address: Khotaji, Muzaffarnagar, Uttar Pradesh, India

CAPITAL STRUCTURE

As on 31.03.2011

Capital Investment :
Owned :	Rs. 1.804 Millions
Borrowed :	Rs. 0.050 Million
Total :	Rs. 1.854 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

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

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011
SHAREHOLDERS FUNDS
1] Share Capital		1.804
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		0.000
NETWORTH		1.804
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.050
TOTAL BORROWING		0.050
DEFERRED TAX LIABILITIES		0.000
TOTAL		1.854
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1.196
Capital work-in-progress		0.000
INVESTMENT		0.138
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1.532
	Sundry Debtors	0.000
	Cash & Bank Balances	0.224
	Other Current Assets	0.001
	Loans & Advances	0.000
Total Current Assets		1.757
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1.237
	Other Current Liabilities	0.000
	Provisions	0.000
Total Current Liabilities		1.237
Net Current Assets		0.520
MISCELLANEOUS EXPENSES		0.000
TOTAL		1.854

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011
	SALES
		Income	3.615
		Other Income	0.000
		TOTAL	3.615
Less	EXPENSES
		Cost of Goods Sold	2.759
		Salaries	0.109
		Sales Promotion	0.022
		Bank Charges	0.002
		Partners’ Salary	0.060
		Interest on Partner’s Capital	0.197
		Other Expenses	0.381
		TOTAL	3.530
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		0.085
Less/ Add	DEPRECIATION/ AMORTISATION		0.063
	NET PROFIT		0.022

KEY RATIOS

PARTICULARS		31.03.2011
PAT / Total Income	(%)	0.61
Net Profit Margin (PBT/Sales)	(%)	0.61
Return on Total Assets (PBT/Total Assets}	(%)	0.75
Return on Investment (ROI) (PBT/Networth)		0.01
Debt Equity Ratio (Total Liability/Networth)		0.71
Current Ratio (Current Asset/Current Liability)		1.42

LOCAL AGENCY FURTHER INFORMATION

OPERATING STATEMENT

(Rs. in Millions)

Particulars	31.03.2012 Projected	31.03.2013 Projected
1. Gross Sales	9.000	10.000
2. Less Excise Duty	0.000	0.000
3. Net Sales	9.000	10.000
4. Total Cost of Sales
i) Raw Materials (including stores and other items used in the process of manufacture)
a) Imported	0.000	0.00
b) Indigenous	7.913	8.207
ii) Other spares (Including fuel)	0.000	0.000
iii) Power and Electricity	0.200	0.220
iv) Direct Labour	0.300	0.325
v) Repairs and maintenance	0.060	0.065
vi) Other manufacturing Expenses	0.120	0.130
vii) Depreciation	0.070	0.068
viii) Sub- Total (Item i to vii)	8.663	9.015
ix) Add: Opening Stock in process	0.026	0.040
x) Closing Stock in process	0.040	0.050
xi) Sub Total (Cost of Production)	8.649	9.005
xii) Add: Opening Stock of Finished Goods	0.918	1.460
xiii) Deduct: Closing Stock of Finished Goods	1.460	1.450
xiv) Sub Total (Total Cost of Sales)	8.107	9.015
5. Gross Profit (3-4)	0.893	0.985
6. Interest	0.175	0.175
7. Selling, General and administrative expenses	0.286	0.322
SUB Total (6+7)	0.461	0.497
8. Operating Profit (5-6-7)	0.432	0.488
9. Other Income/ Expenses
Add Income	0.004	0.004
Deduct Expenses	0.000	0.000
Sub- Total	0.004	0.004
10. Profit Before Tax/ Loss (8+9)	0.436	0.492
11. Prior year adjustments	0.000	0.000
12. Corporate Taxes	0.000	0.000
13. Net Profit ( 10+11-12)	0.436	0.492
14. Dividend/ Interest and Remuneration to partners	0.366	0.392
15. Retained Profit ( 13-14)	0.070	0.100

BALANCE SHEET

(Rs. in Millions)

Particulars	31.03.2012 Projected	31.03.2013 Projected
1. Short term borrowings from banks (Including bills purchased and discounted and the excess borrowings placed on repayment basis)
i) from applicant banks	1.500	1.500
ii) from other banks	0.000	0.000
(i+ii) Sub Total (A)	1.500	1.500
2. Short term borrowings form others	0.000	0.000
3. Deposits (maturing in less than year)	0.150	0.100
4. Sundry Creditors	0.000	0.000
5. Unsecured Loans	0.000	0.000
6. Advances/ progress payments form customers/ deposits form dealers, selling agents etc.	0.000	0.000
7. Interest and other charges accrued but not due for payment	0.000	0.000
8. Provision for taxation	0.000	0.000
9. Dividend Payable	0.000	0.000
10. Other Statutory Liabilities (due within 1 year)	0.000	0.000
11. Installments of term loans/ deferred payment credits/ debentures/ redeemable preferences share (due within 1 year)	0.000	0.000
12. Other current liabilities and provision / short term loan	0.015	0.020
Sub Total (B)	0.165	0.120
13. Total Current Liabilities	1.665	1.620
TERM LIABILITIES
14. Debentures (not maturing within one year)	0.000	0.000
15. Redeemable preference shares (not maturing within 1 year but of maturity not exceeding 12 years)	0.000	0.000
16. Term Loans (exclusive of installment payable within 1 year)	0.000	0.000
17. Deferred payment credits (Exclusive of installments)	0.000	0.000
18. Term Deposits	0.000	0.000
19. Other Term Liabilities (Unsecured Loan/ Public Deposits Repayable after one year)	0.000	0.000
20. Total Term Liabilities	0.000	0.000
21. Total Outside Liabilities	1.665	1.620
NET WORTH
22. Ordinary Share Capital	2.020	2.270
23. Share Application Money	0.000	0.000
24. General Reserve	0.000	0.000
25. Development rebate reserve	0.000	0.000
26. Other reserves (excluding provisions)	0.000	0.000
27. Surplus (Deficit) from operating statement	0.000	0.000
28. NET WORTH	2.020	2.270
29. TOTAL LIABILITIES	3.685	3.890
30. Cash and Bank balances	0.013	0.011
31. i) Investments (Other than long term investments – Sinking fund, Gratuity fund etc. securities)	0.000	0.000
ii) Fixed Deposits (within banks)	0.000	0.000
32. i) Receivables other than deferred and export receivables (including bills purchased)	0.100	0.200
ii) Export receivables (including bills purchased and discounted by bankers)	0.000	0.000
33. Installments of Deferred receivables (due within one year)	0.000	0.000
34. Inventory
i) Raw Materials
a) Imported	0.000	0.000
b) Indigenous	0.650	0.700
ii) Stock-in-process	0.040	0.050
iii) Finished Goods	1.460	1.450
iv) Other consumable spares (including Fuel and Packing Material)	0.000	0.000
v) Trading Inventory	0.000	0.000
35. Advances to suppliers of raw material and stocks/ spares	0.000	0.000
36. Advances payment of taxes	0.000	0.000
37. Other Current Assets	0.030	0.100
38. TOTAL CURRENT ASSETS	2.293	2.511
FIXED ASSETS
39. Gross Block (Land and buildings, machinery, construction in progress)	1.384	1.434
40. Depreciation to date	0.133	0.201
41. NET BLOCK	1.251	1.233
OTHER NON-CURRENT ASSETS
42. Investments/ book debts/ advances/ deposits	0.000	0.000
i) a. Investment in subsidiaries/ affiliates	0.141	0.146
b. others	0.000	0.000
ii) Advances to suppliers of capital goods/ spares and contractor for capital equipment	0.000	0.000
iii) Deferred receivables (Other than those maturing within one year)	0.000	0.000
iv) Others	0.000	0.000
43. Non-consumables stores and spares
a) Security deposits	0.000	0.000
44. Other miscellaneous assets including dues to directors	0.000	0.000
45. TOTAL OTHER NON CURRENT ASSETS	0.141	0.146
46. Intangible Assets (Patents, Goodwill, Preliminary and Formation expenses, bad/doubtful debts not provided for)	0.000	0.000
47. TOTAL ASSETS	3.685	3.890
48. TANGIBLE NET WORTH	2.020	2.270
49. NET WORKING CAPITAL (38-13)	0.628	0.891
Additional Information:-
i) Arrears of cumulative dividends	--	--
ii) Gratuity scheme for staff	--	--
iii) Other Liabilities not provided for	--	--
Difference	0.000	0.000

POSITION REGARDING CURRENT ASSETS AND CURRENT LIABILITIES

(Rs. in Millions)

Particulars	31.03.2012 Projected	31.03.2013 Projected
I. CURRENT ASSETS
i) Raw materials (including stores and other items used in the process of manufacture)
a) Imported	0.000	0.000
(Month’s consumption)	0.000	0.000
b) Indigenous	0.650	0.700
(Days’ Consumption)	29.98	31.13
c) Other Consumables Spares (excluding those included under item 1 above) 15 Days’ consumption	0.000	0.000
iii) Stock in process	0.040	0.050
(Month’s Cost of production)	1.69	2.02
iv) Finished goods	1.460	1.450
(days’ cost of sales)	61.61	58.77
v) Receivables other than export and deferred receivables	0.100	0.200
(including bills purchased and discounted by bankers) (50% credit sales) Days’ domestic sales excluding deferred payment sales)	4.06	7.30
vi) Export receivables (Including bills purchased and discounted by bankers)	0.000	0.000
(Month’s export sales)	0.000	0.000
vii) Advances to suppliers of raw materials and stores/ spares consumables	0.000	0.000
viii) Other current assets (including cash and bank balances and deferred receivables due within one year) (specify major items)	0.043	0.111
TOTAL CURRENT ASSETS (To agree with item 38 in form III A)	2.293	2.511
II CURRENT LIABILITIES
(Other than bank borrowings for working capital)
i) Creditors for purchases of raw materials, stores and consumable Spares	0.150	0.100
(Days’ Purchase)	6.93	4.46
ii) Advances from customers	0.000	0.000
iii) Accrued Expenses	0.000	0.000
iv) Statutory Liabilities	0.000	0.000
v) Other Current liabilities (major items to be specified)
a) Installments of term loan due within one year	0.000	0.000
b) Provision and payable etc.	0.015	0.020
c) S.A. M (Payable with in one year)	0.000	0.000
Sub Total (To agree with sub Total (B) in from III A)	0.165	0.120
III WORKING CAPITAL GAP (I minus II)	2.128	2.391
IV. Actuals/ Projected bank borrowings for working capital including bills purchased and discounted and excess borrowings placed on repayment basis to agree with sub total (A) in Form III A	--	--
V. Total Current Liabilities (II Plus IV) to agree with item 13 in form III A	1.665	1.620
VI. Net working capital (I minus V) to agree with item 49 in Form III A	0.628	0.891

COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL

(Rs. in Millions)

Particulars	31.03.2012 Projected	31.03.2013 Projected
(1^st Method of Landing)
1. Working Capital Gap (Item III of Part B)	2.128	2.391
2. Minimum stipulated net working capital (25% of item I)	0.532	0.598
3. Actual/ Projected net working capital (item VI of Part B)	0.628	0.891
4. Item 1 minus Item 2	1.596	1.793
5. Item 1 minus Item 3	1.500	1.500
6. Maximum permissible bank finance (Item 4 or 5 whichever is lower)	1.500	1.500
7. Excess borrowings (representing short fall in net working capital) to be converted into working capital item Loan (Item 2 minus 3)	0.000	0.000
IInd Method of lending
8. Working Capital Gap (Item III of Part B)	2.128	2.391
9. Minimum stipulated net working capital 25% of total current assets (Item I of Part B)	0.573	0.628
10. Actual/ projected net working capital (Item VI of Part B)	0.628	0.891
11. Item 8 Minus Item 9	1.555	1.763
12. Item 8 Minus Item 10	1.500	1.500
13. Maximum permissible bank finance (Item 11 or 12 whichever is lower)	1.500	1.500
14. Excess borrowings (Representing short fall in net working capital) (Item 9 minus 10)	0.000	0.000

FUNDS FLOW STATEMENT

(Rs. in Millions)

Particulars	31.03.2012 Projected	31.03.2013 Projected
Profit before Tax	0.436	0.492
Depreciation	0.070	0.068
Preliminary Expenses w/ off	0.000	0.000
Gross Funds generated	0.506	0.560
Taxes and Divided Paid/ Payable/ Withdrawals	0.366	0.392
A) NET FUNDS GENERATED	0.140	0.168
Increase in-
Capital	0.146	0.150
Term Loans	0.000	0.000
Term Liabilities	0.000	0.000
Unsecured Loans/ Public Deposits	0.000	0.000
Decrease in :-
Intercorporate advance and investments	0.000	0.000
Receivables more than 6 months	0.000	0.000
Securities deposits	0.000	0.000
Other non-current assets	0.000	0.000
B) Sub Total	0.146	0.150
Increase in :-
Short term Bank borrowings	1.500	0.000
Other Current Liabilities	0.000	0.000
Decrease in :-
Inventory	0.000	0.000
Receivables	0.000	0.000
Other Current Assets	0.182	0.000
C) Sub Total	1.682	0.000
Total Funds available (A+B+C)	1.968	0.318
USES FUNDS
Decrease in:-
Capital	0.000	0.000
Term Loan	0.000	0.000
Term Liabilities	0.000	0.000
Unsecured Loans/ Public Deposits	0.050	0.000
Increase in :-
Fixed assets	0.125	0.050
Intercroporate advances and investments	0.004	0.005
Receivables more than 6 months	0.000	0.000
Securities deposits	0.000	0.000
Other non-current assets	0.000	0.000
D) Sub- Total	0.179	0.055
Decrease in :-
Short-term bank borrowings	0.000	0.000
Other current liabilities	1.071	0.045
Increase in:-
Inventory	0.618	0.050
Receivables	0.100	0.100
Other current Assets	0.000	0.068
E) Sub- Total	1.789	0.263
To be filled up only in case of loss	--	--
Less: PBT	--	--
Depreciation	--	--
Add: Taxes payables	--	--
Dividend Payable	--	--
F) Net Funds Lost	--	--
TOTAL FUNDS USED (D+E+F)	1.968	0.318
Long – term
i) Sources (A+B)	0.286	0.318
ii) USES (D)	0.179	0.055
Surplus (+)/ Shortfall (-)	0.107	0.263
Short Term
iii) Sources (C)	1.682	0.000
iv) USES (E)	1.789	0.263
Surplus (+)/ Shortfall (-)	[0.107]	[0.263]

ANALYTICAL AND COMPARATIVE RATIOS

(Rs. in Millions)

Particulars	31.03.2012 Projected	31.03.2013 Projected
I) Net Sales	9.000	10.000
% Change	148.96%	11.11%
II) PBT	0.436	0.492
% Change	56.27%	12.84%
III) PAT	0.436	0.492
Equitable Dividend including divisional tax
a) Declared	0.366	0.392
Rate % of (a)	NA	NA
Retained Profit	0.070	0.100
Retained Profit %	NA	NA
MATERIALS AND STOCKS BALANCES
Imported Raw Materials	0.000	0.000
(Months/ Days’ consumption)	--	--
Indigenous Raw Material	3.000	3.100
(Days’ Consumption)	--	--
Work in process	0.200	0.200
(Months’ / Days cost of production)	--	--
Finished Goods	6.200	5.900
(Days’ Cost of Sales)	--	--
Other Consumables Spares as % of inventory	0.000	0.000
(Days’ consumption)
RECEIVABLES
Receivables (Other tan export and deferred)	0.100	0.200
(Days’ Domestic Sales)	4	7
Export Receivables	0.000	0.000
(Months/ Days’ Export Sales)	0	0
Deferred Receivables	0.000	0.000
Sundry Creditors	0.150	0.100
(Days’ Purchases)	7	4
OTHER RATIOS
Net Working Capital	0.628	0.891
Current Ratio	1.38	1.55
Tangible Networth	2.020	2.270
Total Outside Liabilities/ Tangible Net Worth	0.82	0.71
Term Liabilities/ Tangible Net worth	0.00	0.00
Bank Borrowings/ total outside Liabilities	0.90	0.93
Net Sales/ Total Tangible Assets	2.44	2.57

PROJECTED BALANCE SHEET

(Rs. in Millions)

SOURCES OF FUNDS		31.03.2012	31.03.2013
SHAREHOLDERS FUNDS
1] Share Capital		2.020	2.270
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		0.000	0.000
4] (Accumulated Losses)		0.000	0.000
NETWORTH		2.020	2.270
LOAN FUNDS
1] Secured Loans		1.500	1.500
2] Unsecured Loans		0.000	0.000
TOTAL BORROWING		1.500	1.500
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		3.520	3.770
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1.252	1.234
Capital work-in-progress		0.000	0.000
INVESTMENT		0.141	0.146
DEFERREX TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	2.150	2.200
	Sundry Debtors	0.100	0.200
	Cash & Bank Balances	0.012	0.010
	Other Current Assets	0.030	0.100
	Loans & Advances	0.000	0.000
Total Current Assets		2.292	2.510
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.150	0.100
	Other Current Liabilities	0.015	0.020
	Provisions	0.000	0.000
Total Current Liabilities		0.165	0.120
Net Current Assets		2.127	2.390
MISCELLANEOUS EXPENSES		0.000	0.000
TOTAL		3.520	3.770

PROJECTED PROFIT & LOSS ACCOUNT

(Rs. in Millions)

	PARTICULARS		31.03.2012	31.03.2013
	SALES
		Income	9.000	10.000
		Other Income	0.004	0.004
		TOTAL	9.004	10.004
Less	EXPENSES
		Cost of Goods Sold	7.283	8.127
		Salaries	0.180	0.198
		Sales Promotion	0.030	0.035
		Bank Charges	0.175	0.175
		Partners’ Salary	0.150	0.150
		Interest on Partner’s Capital	0.217	0.242
		Other Expenses	0.829	0.909
		TOTAL	8.864	9.836
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		0.140	0.168
Less/ Add	DEPRECIATION/ AMORTISATION		0.070	0.068
	NET PROFIT		0.070	0.100

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

VALUATION REPORT

Name of the report owner / Name of person of whose name the property registered and address

A.R. Metal and Allied Industries

Purpose of Valuation

To asses the fair market value for loan

Date of Inspection

06.02.2011

Date of Valuation

07.02.2011

Approximate distance form the branch to the property

14-15 km

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

Plot No. I-22, Industrial Area, Begrajpur, Muzaffarnagar

Boundaries of the property

East: (31.00 mt) Plot No. J-21

West: (31.00 mt) 12 mt wide Road No. -10

North: (16.00 mt) 12 mt wide Road No.-9

South: (24.00 mt) Plot No. – H -26

Whether the building plan has been approved?

U.P.S.I.D.C.

THE VALUATION DETAILS

A) LAND

The total Area (Extent) of the site/ land

620.00 sq.mt.

Description of the site/ land

A Factory Building

a) Character of locality

Industrial Area

b) Classification

Medium Class

c) Development of surrounding areas

Developing

d) is the locality subjected to frequent flooding

No.

e) Feasibility to the civic amenities like school hospital offices markets etc.

5-6 km.

f) Shape of the land

Irregular

g) Type of use to which it can be put

Industrial Use

h) Any usage restriction on the property

No

i) Nature of right whether leasehold/ freehold

Lease hold

j) Road Facility

Yes

k) Is it a corner plot

Yes

l) Water Supply/ Potentiality

Yes

m) Underground Sewerage

No

n) Any other sentimental social issue which may affect the value

No

Prevailing unit market rate

Between Rs. 0.002 Millions top Rs. 0.003 Million per sq.ft.

Unit rate adopted in this valuation

Rs. 0.003 million per sq.mt.

Valuation of the land/ Site

Rs. 1.550 Millions

B) BUILDING

Type of construction

Load Bearing

Quality of construction

1^st Class Brick Work, RCC and Tin Shed Roofing, Simple Flooring and Brick Soling

Appearance of the Building

Normal

Number of Floors including basement

Two

Maintenance of the building

Description
Foundation	Spread Type
Superstructure	9” Wall
RCC/ RB Work	RCC and Tin Shed
Doors	Iron
Windows	Yes
Sanitary Fittings	Yes
Flooring	Simple and Brick Soling
Electricity Supply	Yes

Total Plinth Area

Store Room – 200.00 sq.ft.

Cooling Tower – 200.00 sq.ft.

Generator Room – 80.00 sq.ft.

Working Shed – 2550.00 sq.ft.

Godown G.F. – 495.00 sq.ft.

Tin Shed F.F. – 495.00 sq.ft.

Office – 495.00 sq.ft.

Guard Room G.F. – 150.00 sq.ft.

First Floor – 150.00 sq.ft.

Year of Construction

2010

Total life of the building estimated

65 years

Replacement rate of construction with the existing conditions and specification

Store Room – Rs. 350/- per sq.ft

Cooling Tower – Rs. 350/- per sq.ft

Generator Room – Rs. 350/- per sq.ft.

Working Shed – Rs. 500/- per sq.ft.

Godown G.F. – Rs. 450/- per sq.ft.

Tin Shed – Rs. 250/- per sq.ft

Office – Rs. 500/- per sq.feet

Guard Room G.F. – Rs. 400/- per sq.ft.

First Floor – Rs. 375/- per sq.ft.

Present Value of the Building

Store Room – Rs. 0.070 Million

Cooling Tower – Rs. 0.070 Million

Generator Room – Rs. 0.029 Million

Working Shed – Rs. 1.275 Millions

Godown G.G. – Rs. 0.223 Million

Tin Shed – Rs. 0.124 Million

Ground Floor- Rs. 0.060 Million

First Floor – Rs. 0.056 Million

Total – Rs. 2.153 Millions

TOTAL VALUATION

VALUATION OF THE LAND

RS. 1.550 MILLIONS

VALUATION OF THE BUILDING

RS. 2.153 MILLIONS

TOTAL

RS. 3.703 MILLIONS

SAY

RS. 3.703 MILLIONS

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STATEMENT SHOWING ASSETS AND LIABILITIES

NETWORTH STATEMENT

NAME OF THE APPLICANT	MR. MEHMOOD AHMED
NAME OF THE GUARANTOR	MR. MEHBOOB AHMED

IMMOVABLE PROPERTIES	APPLICANT	GUARANTOR
Address of the property with survey no./ door no. etc.	Mr. Mehmood Ahmed (Patner)	Mr. Mehboob Ahmed (Partner)
INVESTMENT IN BUSINESS CAPITAL
Name of the Company/ firm/ concern in which investment is made	Partner A R Metal and Allied Industries	Partner A R Metal and Allied Industries
Date of Investment	31.03.2011	31.03.2011
Present value of Investment	1.290 Millions	Rs. 0.514 Million
INSURANCE POLICIES
Policy Number/s	254989844	255544682
Date of Policy	2012-2007	2012-2009
Type of Policy: Endowment/ whole life etc.	Endowment Money Back Plan	Endowment Money Back Plan
Annual Premium	RS. 0.032 Million	Rs. 0.031 Million
Sum Assured	Rs. 0.500 Million	Rs. 0.500 Million
Surrender Value	Rs. 0.100 Million (Estimated)	Rs. 0.050 Million (Estimated)
VEHICLES OWNED
Model/ Make	Bolero (Year of Purchase -2010) Mahindra and Mahindra	Eicher canter (Mini Truck)
Date of Purchase	Year of Purchase November 2010	Year of Purchase January 2011
Whether hypothecated for loan	The Ganga Mercantile Urban Co-Operative Bank Limited, Khatauli	Term Loan from the Ganga Mercantile Urban Co-operative Bank, Khatauli
Terms of Loan against vehicles	o/s balance as on 03.05.2011 Rs. 0.424 Million	o/s Balance As on 03.05.2011 Rs. 0.415 Million
Present Market Value	Rs. 0.650 Million	Rs. 0.695 Million
OTHER ASSETS
Cash in hand	Rs. 0.050 Million (Estimated)	Rs. 0.050 Million (Estimated)
Jewellery	Rs. 0.100 Million	Rs. 0.050 Million
Total Value of the Other Asses	Rs. 0.150 Million	Rs. 0.100 Million
TOTAL ASSETS	RS. 2.190. MILLIONS	RS. 1.359 MILLIONS
LIABILITIES
Name of the Bank/ Institute	The Ganga Mercantile Urban Co-Operative Bank Limited	The Ganga Mercantile Urban Co-Operative Bank Limited
Nature/ Type of Loan	Term Loan	Term Loan
Date of Loan	31.11.2010	2012-2010
Amount of Loan Availed	Rs. 0.460 Million	Rs. 0.500 Million
Security offered if any	Hypothecation of Bolero Car	Hypothecation of Eicher Canter
AMOUNT OUTSTANDING	RS. 0.424 MILLION	RS. 0.415 MILLION
NETWORTH	RS. 1.766 MILLIONS	RS. 0.944 MILLION

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.44.91
UK Pound	1	Rs.73.06
Euro	1	Rs.64.03

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.