MIRA INFORM REPORT

Report Date :

02.11.2011

IDENTIFICATION DETAILS

Name :	DIAMOND HVAC SYSTEM PRIVATE LIMITED

Registered Office :	7 / 8, Diamond Apartment, Link Road, Mith-Chowki, Malad (West), Mumbai 400064, Maharashtra

Country :	India

Date of Incorporation :	30.10.2007

Com. Reg. No.:	175523

Capital Investment / Paid-up Capital :	Rs. 0.100 million (Estimated)

CIN No.: [Company Identification No.]	U29192MH2007PTC175523

TAN No.: [Tax Deduction & Collection Account No.]	MUMD19392C

PAN No.: [Permanent Account No.]	AADCD0870F

Legal Form :	Private Limited Liability Company

Line of Business :	Providing Services Relating to Heat Ventilation, Air Conditioning, O. T. Laminar, I.C.C.U. Units with Ductables and VRF Systems.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate

Payment Behaviour :	Unknown

Litigation :	Clear

Comments :	Subject is a company having moderate track. The management has not filed the financial of the company with the government departments since its incorporation. However, business is active. Payments are unknown. The company can be considered for business dealings on a secured trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – September 30, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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. Narendra Dattatray Bhasale
Designation :	Director
Contact No.:	91-9821030092 / 9323430092
Date :	02.11.2011

LOCATIONS

Registered Office :	7 / 8, Diamond Apartment, Link Road, Mith-Chowki, Malad (West), Mumbai 400064, Maharashtra, India
Tel. No.:	91-22-28442560 / 28815789
Mobile No.:	91-9821030092 / 9323430092 (Mr. Narendra)
Fax No.:	91-22-28645501
E-Mail :	narendrabhasale@hotmail.com
Website :	www.diamondhvac.in

Branches :	9 Ground Floor, Atlanta Building, Near Ryan, Mumbai 400064, Maharashtra, India

DIRECTORS

Name :	Mr. Narendra Dattatray Bhasale
Designation :	Director
Date of Birth/Age :	04.11.1967
DIN No.:	01043856

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U29192MH2007PTC175523	Diamond Hvac System Private Limited	Director	30/10/2007	30/10/2007	-	Active	NO

Name :	Mr. Shubhada Narendra Bhasale
Designation :	Director
Date of Birth/Age :	14.01.1972
DIN No.:	01597253

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U29192MH2007PTC175523	Diamond Hvac System Private Limited	Director	30/10/2007	30/10/2007	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.10.2007

Names of Shareholders	No. of Shares
Mr. Narendra Dattatray Bhasale	8000
Mr. Shubhada Narendra Bhasale	2000
Total	10000

BUSINESS DETAILS

Line of Business :

Providing Services Relating to Heat Ventilation, Air Conditioning, O. T. Laminar, I.C.C.U. Units with Ductables and VRF Systems.

Services :

· HVAC Systems - Consultancy Services

· HVAC Systems - Installation and testing

· HVAC Systems - Maintenance Services

GENERAL INFORMATION

Customers :	· Anmol Party Hall (Mumbai) · Aqus MRI centre (Andheri-Mumbai) · Arunkumar Muchhala Collage (Thane) · Ashwin Fine Chemical ( Kashimira-Thane-dist) · Bombay Drug House( Mumbai) · Cimme jewellery –(Andheri-Mumbai) · Diamond Hospital (Mumbai) · Grow well Pharma (Palghar) · Helichem Laboratories (Palghar) · J J Hospital –Cardiac Department (Mumbai) · Kiddy India (Navi Mumbai) · Life Line Hospital (Mumbai) · Nandkripa party hall (Mumbai) · Patadiam Jewellery(Seepz-Mumbai) · Parth construction Private Limited (Mumbai) · Parth Developers (Mumbai) · Rank organic (Tarapur) · Rasoi Restaurants and Banquets (Mumbai) · Russian villa ,shooting studio (Mumbai) · Sai Shiv Developers (Juhu-Mumbai) · Sanchati Hospital(Mumbai) · Shakti property developers)(Mumbai) · Shan Jewellery (Seepz-Mumbai) · Shankar Jewelary(Seepz-Mumbai) · Siddhkala Medical college ( Sangmner) · Suraj water park (Thane) · Tele Build Construction Private Limited (Kandivali-Mumbai) · Time Technoplast (Daman) · Time Technoplast (Andheri) · Time Technoplast (Pen) · T-walker Pharmaceutical (Pirunguth-Pune) · Zim Laboratories (Nagpur)

No. of Employees :	Not Available

Bankers :	Not Available

Facilities :	--


Banking Relations :	--

Auditors :	Not Available

Associates/Subsidiaries :	Nil

CAPITAL STRUCTURE

AS ON 30.10.2007

Authorised Capital :

No. of Shares	Type	Value	Amount

10000	Equity Shares	Rs. 10 each	Rs. 0.100 million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

10000	Equity Shares	Rs. 10 each	Rs.0.100 million

FINANCIAL DATA

[all figures are in Rupees Millions]

Not Available

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

LOCAL AGENCY FURTHER INFORMATION

Not Available

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.49.08
UK Pound	1	Rs.78.78
Euro	1	Rs.67.76

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.