MIRA INFORM REPORT

Report Date :

15.11.2011

IDENTIFICATION DETAILS

Name :	CARGO SOLAR POWER (GUJARAT) PRIVATE LIMITED
Registered Office :	Jindal House, 1/9-B, Asaf Ali Road, New Delhi – 110 002
Country :	India
Date of Incorporation :	05.06.2010
Com. Reg. No.:	203686
Capital Investment / Paid-up Capital :	Rs.0.100 million
CIN No.: [Company Identification No.]	U40106DL2010PTC203686
Legal Form :	Private Limited Liability Company
Line of Business :	Renewal of Energy Systems like Solar, Biomass and Manufacturer of Wind Mill and Parts, etc.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca

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 :	New Company
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a new company and yet to commence its commercial business activities. As claimed by Mr. Mohan, company secretary that the company will start its business activities by March, 2012. 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	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. Mohan
Designation :	Company Secretary
Contact No.:	91-11-23233022
Date :	12.11.2011

LOCATIONS

Registered Office :	Jindal House, 1/9-B, Asaf Ali Road, New Delhi – 110 002, India
Tel. No.:	91-11-23233022
Fax No.:	91-11-23237395
E-Mail :	info@cpil.co.in cargodel@bol.net.in
Website :	http://cpil.co.in
Head Office :	Cargo Power and Infrastructure (a Cargo Motors Enterprise) Cargo House, Opposite Gandhi Ashram, Ashram Road, Ahmedabad – 380 027 Gujarat, India
Factory :	Located at: v Rapar, Kutch, Gujarat, India
Branch Office 1 :	Opposite Rajpath Club, S.G. Highway, Bodakdev, Ahmedabad – 380 015, Gujarat, India
Tel. No.:	91-79-26872944
Branch Office 2 :	Randheja Chowkdi, Gandhinagar-Mansa Highway, Gandhinagar – 382 620, Gujarat, India
Tel. No.:	91-79-23287705
Fax No.:	91-79-23287704

DIRECTORS

Name :

Mr. Dhruv Narendar Kumar Batra

Designation :

Director

Address :

W-11, Greater Kailash-II, New Delhi – 110 048, India

Date of Birth/Age :

26.11.1984

Date of Appointment :

05-06-10

DIN No.:

02700504

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U80200DL2007PTC170407	BWI Educon Ventures Private Limited	Director	25-06-09	25-06-09	Active	NO
2	U27310DL2005PTC136738	Cargo Power and Infrastructure Private Limited	Director	23-11-09	23-11-09	Active	NO
3	U50101DL1959PTC003124	Cargo Motors Private Limited	Director	28-12-09	28-12-09	Active	NO
4	U40106DL2010PTC203686	Cargo Solar Power (Gujarat) Private Limited	Director	05-06-10	05-06-10	Active	NO
5	U40106DL2010PTC203745	Cargo Solar Power (Rajasthan) Private Limited	Director	07-06-10	07-06-10	Active	NO
6	U40108DL2010PTC204502	Cargo Solar Power Private Limited	Director	23-06-10	23-06-10	Active	NO
7	U26101DL2004PTC127033	Gurind Glass Private Limited	Director	30-09-10	14-07-10	Active	NO
8	U74899DL1987PTC028060	Gurind Systems Private Limited	Director	30-09-10	14-07-10	Active	NO
9	U40104DL2010PTC210692	Cargo Wind Power (Gujarat) Private Limited	Director	23-11-10	23-11-10	Active	NO
10	U26100DL2011PTC215329	Thermosol Glass Private Limited	Director	07-03-11	07-03-11	Active	NO

Name :

Mr. Aditya Jayant Nanda

Designation :

Director

Address :

16, Ring Road, Lajpat Nagar-IV, New Delhi – 110 024, India

Date of Birth/Age :

15.11.1980

Date of Appointment :

05-06-10

DIN No.:

00035037

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U45201DL1997PTC089427	Cargo Construction Company Private Limited	Director	16-11-98	16-11-98	Active	NO
2	U74899DL1983PTC015801	Cargo Motors Punjab Private Limited	Director	26-06-01	26-06-01	Active	NO
3	U50101DL1959PTC003124	Cargo Motors Private Limited	Whole-time director	01-04-06	23-07-01	Active	NO
4	U00000PB2003PTC026233	Three Sixty Life Style Private Limited	Director	29-07-03	29-07-03	Active	NO
5	U50101DL2004PTC126082	Cargo Motors (Rajasthan) Private Limited	Director	27-04-04	27-04-04	Active	NO
6	U34102DL2005PTC134888	Cargo Motors (Kutch) Private Limited	Director	16-08-05	16-08-05	Active	NO
7	U26101DL2004PTC127033	Gurind Glass Private Limited	Director	16-01-06	16-01-06	Active	NO
8	U72900DL2006PTC148126	Star Infocom Private Limited	Director	20-10-06	20-10-06	Active	NO
9	U55101DL2007PTC164067	Cargo Hospitality Private Limited	Director	05-06-07	05-06-07	Active	NO
10	U60231DL2007PTC163985	CML Logistics Private Limited	Director	05-06-07	05-06-07	Active	NO
11	U74899DL1987PTC028060	Gurind Systems Private Limited	Director	01-04-08	01-04-08	Active	NO
12	U27310DL2005PTC136738	Cargo Power and Infrastructure Private Limited	Director	30-06-09	30-06-09	Active	NO
13	U40108DL2003PTC121617	Cargo-Zandj Technologies Private Limited	Director	30-06-09	30-06-09	Active	NO
14	U40106DL2010PTC203686	Cargo Solar Power (Gujarat) Private Limited	Director	05-06-10	05-06-10	Active	NO
15	U40106DL2010PTC203745	Cargo Solar Power (Rajasthan) Private Limited	Director	07-06-10	07-06-10	Active	NO
16	U40108DL2010PTC204502	Cargo Solar Power Private Limited	Director	23-06-10	23-06-10	Active	NO
17	U40104DL2010PTC210692	Cargo Wind Power (Gujarat) Private Limited	Director	23-11-10	23-11-10	Active	NO
18	U26100DL2011PTC215329	Thermosol Glass Private Limited	Director	07-03-11	07-03-11	Active	NO
19	U35122DL2007PTC171428	Autovahan Tyres Private Limited	Director	30-08-11	15-06-11	Active	NO

Name :

Ms. Anita Nanda

Designation :

Director

Address :

16, Ring Road, Lajpat Nagar-IV, New Delhi – 110 024, India

Date of Birth/Age :

11.12.1959

Date of Appointment :

05-06-10

DIN No.:

00035231

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	U50101DL1959PTC003124	Cargo Motors Private Limited	Director	31-12-88	31-12-88	-	Active	NO
2	U65910DL1983PLC015912	Deeksha Holding Limited	Director	02-01-89	02-01-89	-	Active	NO
3	U74899DL1955PTC002467	Karriers Finance Private Limited	Director	06-11-95	06-11-95	-	Active	NO
4	U45201DL1997PTC089427	Cargo Construction Company Private Limited	Director	04-09-97	04-09-97	-	Active	NO
5	U74899DL1983PTC015801	Cargo Motors Punjab Private Limited	Director	26-06-01	26-06-01	-	Active	NO
6	U40108DL2003PTC121617	Cargo-Zandj Technologies Private Limited	Director	04-08-03	04-08-03	-	Active	NO
7	U50101DL2004PTC126082	Cargo Motors (Rajasthan) Private Limited	Director	27-04-04	27-04-04	-	Active	NO
8	U34102DL2005PTC134888	Cargo Motors (Kutch) Private Limited	Director	08-04-05	08-04-05	-	Active	NO
9	U27310DL2005PTC136738	Cargo Power and Infrastructure Private Limited	Director	26-05-05	26-05-05	-	Active	NO
10	U00000PB2003PTC026233	Three Sixty Life Style Private Limited	Director	29-07-05	29-07-05	-	Active	NO
11	U74899DL1987PTC028060	Gurind Systems Private Limited	Director	16-01-06	16-01-06	01-04-08	Active	NO
12	U60231DL2007PTC163985	CML Logistics Private Limited	Director	25-05-07	25-05-07	-	Active	NO
13	U55101DL2007PTC164067	Cargo Hospitality Private Limited	Director	29-05-07	29-05-07	-	Active	NO
14	U40106DL2010PTC203686	Cargo Solar Power (Gujarat) Private Limited	Director	05-06-10	05-06-10	-	Active	NO
15	U40106DL2010PTC203745	Cargo Solar Power (Rajasthan) Private Limited	Director	07-06-10	07-06-10	-	Active	NO
16	U40108DL2010PTC204502	Cargo Solar Power Private Limited	Director	23-06-10	23-06-10	-	Active	NO
17	U40104DL2010PTC210692	Cargo Wind Power (Gujarat) Private Limited	Director	23-11-10	23-11-10	-	Active	NO
18	U26100DL2011PTC215329	Thermosol Glass Private Limited	Director	07-03-11	07-03-11	-	Active	NO

Name :

Ms. Rajkumari Nanda

Designation :

Director

Address :

House No.16, Ring Road, Lajpat Nagar-IV, New Delhi – 110 024, India

Date of Birth/Age :

10.04.1932

Date of Appointment :

05-06-10

DIN No.:

00040228

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U50101DL1959PTC003124	Cargo Motors Private Limited	Managing director	08-09-62	08-09-62	Active	NO
2	U50100DL1985PTC022168	Cargo Motors (Gujrat) Private Limited	Director	28-10-85	28-10-85	Active	NO
3	U74899DL1955PTC002467	Karriers Finance Private Limited	Director	05-11-95	05-11-95	Active	NO
4	U45201DL1997PTC089427	Cargo Construction Company Private Limited	Director	04-09-97	04-09-97	Active	NO
5	U74899DL1983PTC015801	Cargo Motors Punjab Private Limited	Director	26-06-01	26-06-01	Active	NO
6	U34102DL2005PTC134888	Cargo Motors (Kutch) Private Limited	Director	08-04-05	08-04-05	Active	NO
7	U27310DL2005PTC136738	Cargo Power and Infrastructure Private Limited	Director	26-05-05	26-05-05	Active	NO
8	U50101DL2004PTC126082	Cargo Motors (Rajasthan) Private Limited	Director	30-11-06	30-11-06	Active	NO
9	U60231DL2007PTC163985	CML Logistics Private Limited	Director	25-05-07	25-05-07	Active	NO
10	U55101DL2007PTC164067	Cargo Hospitality Private Limited	Director	29-05-07	29-05-07	Active	NO
11	U40106DL2010PTC203686	Cargo Solar Power (Gujarat) Private Limited	Director	05-06-10	05-06-10	Active	NO
12	U40106DL2010PTC203745	Cargo Solar Power (Rajasthan) Private Limited	Director	07-06-10	07-06-10	Active	NO
13	U40108DL2010PTC204502	Cargo Solar Power Private Limited	Director	23-06-10	23-06-10	Active	NO
14	U40104DL2010PTC210692	Cargo Wind Power (Gujarat) Private Limited	Director	23-11-10	23-11-10	Active	NO
15	U26100DL2011PTC215329	Thermosol Glass Private Limited	Director	07-03-11	07-03-11	Active	NO

Name :

Mr. Jayant Yash Pal Nanda

Designation :

Director

Address :

16, Ring Road, Lajpat Nagar-IV, New Delhi – 110 024, India

Date of Birth/Age :

10.12.1956

Date of Appointment :

05-06-10

DIN No.:

00056740

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U50101DL1959PTC003124	Cargo Motors Private Limited	Director	16-03-83	16-03-83	Active	NO
2	U74899DL1983PTC015801	Cargo Motors Punjab Private Limited	Director	25-05-83	25-05-83	Active	NO
3	U50100DL1985PTC022168	Cargo Motors (Gujarat) Private Limited	Director	28-10-85	28-10-85	Active	NO
4	U74899DL1955PTC002467	Karriers Finance Private Limited	Director	12-12-94	12-12-94	Active	NO
5	U45201DL1997PTC089427	Cargo Construction Company Private Limited	Director	04-09-97	04-09-97	Active	NO
6	U40108DL2003PTC121617	Cargo-Zandj Technologies Private Limited	Director	04-08-03	04-08-03	Active	NO
7	U00000PB2003PTC026233	Three Sixty Life Style Private Limited	Director	18-03-04	18-03-04	Active	NO
8	U74899DL1987PTC028060	Gurind Systems Private Limited	Director	26-04-04	26-04-04	Active	NO
9	U50101DL2004PTC126082	Cargo Motors (Rajasthan) Private Limited	Director	27-04-04	27-04-04	Active	NO
10	U26101DL2004PTC127033	Gurind Glass Private Limited	Director	21-06-04	21-06-04	Active	NO
11	U34102DL2005PTC134888	Cargo Motors (Kutch) Private Limited	Director	08-04-05	08-04-05	Active	NO
12	U27310DL2005PTC136738	Cargo Power and Infrastructure Private Limited	Director	26-05-05	26-05-05	Active	NO
13	U60231DL2007PTC163985	CML Logistics Private Limited	Director	25-05-07	25-05-07	Active	NO
14	U55101DL2007PTC164067	Cargo Hospitality Private Limited	Director	29-05-07	29-05-07	Active	NO
15	U35122DL2007PTC171428	Autovahan Tyres Private Limited	Director	13-12-07	13-12-07	Active	NO
16	U40106DL2010PTC203686	Cargo Solar Power (Gujarat) Private Limited	Director	05-06-10	05-06-10	Active	NO
17	U40106DL2010PTC203745	Cargo Solar Power (Rajasthan) Private Limited	Director	07-06-10	07-06-10	Active	NO
18	U40108DL2010PTC204502	Cargo Solar Power Private Limited	Director	23-06-10	23-06-10	Active	NO
19	U40104DL2010PTC210692	Cargo Wind Power (Gujarat) Private Limited	Director	23-11-10	23-11-10	Active	NO
20	U26100DL2011PTC215329	Thermosol Glass Private Limited	Director	07-03-11	07-03-11	Active	NO

Name :

Mr. Vimal Chunilal Gujral

Designation :

Additional Director

Address :

Plot No.204, Sector-4, Post-Gandhidham, Kutch – 370 201, Gujarat, India

Date of Birth/Age :

24.03.1950

Date of Appointment :

15.07.2010

DIN No.:

00040201

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U74899DL1955PTC002467	Karriers Finance Private Limited	Director	06-11-95	06-11-95	Active	NO
2	U50101DL1959PTC003124	Cargo Motors Private Limited	Whole-time director	03-11-98	03-11-98	Active	NO
3	U34102DL2005PTC134888	Cargo Motors (Kutch) Private Limited	Director	16-04-05	16-04-05	Active	NO
4	U50101DL2004PTC126082	Cargo Motors (Rajasthan) Private Limited	Director	30-09-10	16-11-09	Active	NO
5	U27310DL2005PTC136738	Cargo Power and Infrastructure Private Limited	Additional director	15-07-10	15-07-10	Active	NO
6	U40106DL2010PTC203745	Cargo Solar Power (Rajasthan) Private Limited	Additional director	15-07-10	15-07-10	Active	NO
7	U40106DL2010PTC203686	Cargo Solar Power (Gujarat) Private Limited	Additional director	15-07-10	15-07-10	Active	NO
8	U40104DL2010PTC210692	Cargo Wind Power (Gujarat) Private Limited	Director	23-11-10	23-11-10	Active	NO
9	U26100DL2011PTC215329	Thermosol Glass Private Limited	Director	07-03-11	07-03-11	Active	NO

KEY EXECUTIVES

Name :	Mr. Mohan
Designation :	Company Secretary

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

Names of Shareholders	No. of Shares
Cargo Power and Infrastructure Private Limited, India	9999
Dhruv Batra	1
Total	10000

BUSINESS DETAILS

Line of Business :

Renewal of Energy Systems like Solar, Biomass and Manufacturer of Wind Mill and Parts, etc.

GENERAL INFORMATION

Customers :	Wholesalers, Retailers, End Users and Corporate
No. of Employees :	Not Available
Bankers :	HDFC Bank, Ashram Road Branch

Banking Relations :	--
Auditors :
Name :	Ashok Khandelwal and Associates Chartered Accountants

CAPITAL STRUCTURE

Authorised Capital :

No. of Shares	Type	Value	Amount
26000000	Equity Shares	Rs.10/- each	Rs.260.000 millions

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]

NEW COMPANY

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report (Yes / No)
1) Year of Establishment	Yes
2) Locality of the firm	Yes
3) Constitutions of the firm	Yes
4) Premises details	Yes
5) Type of Business	Yes
6) Line of Business	Yes
7) Promoter’s background	--
8) No. of employees	Yes
9) Name of person contacted	Yes
10) Designation of contact person	Yes
11) Turnover of firm for last three years	--
12) Profitability for last three years	--
13) Reasons for variation <> 20%	--
14) Estimation for coming financial year	No
15) Capital in the business	Yes
16) Details of sister concerns	Yes
17) Major suppliers	No
18) Major customers	No
19) Payments terms	Yes
20) Export / Import details (if applicable)	--
21) Market information	--
22) Litigations that the firm / promoter involved in	--
23) Banking Details	Yes
24) Banking facility details	No
25) Conduct of the banking account	--
26) Buyer visit details	--
27) Financials, if provided	No
28) Incorporation details, if applicable	--
29) Last accounts filed at ROC	--
30) Major Shareholders, if 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 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.50.08
UK Pound	1	Rs.80.36
Euro	1	Rs.68.83

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.