MIRA INFORM REPORT

Report Date :

14.11.2011

IDENTIFICATION DETAILS

Name :	SKYFISHER AVIATION PRIVATE LIMITED
Registered Office :	A-135, Ground Floor, Arjun Nagar, S. J. Enclave, New Delhi – 110029
Country :	India
Date of Incorporation :	14.07.2011
Com. Reg. No.:	222334
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U63010DL2011PTC222334
IEC No.:	0511036108
TIN and VAT No.:	07080402202
PAN No.: [Permanent Account No.]	AAQCS0368E
Legal Form :	Private Limited Liability Company
Line of Business :	Trader of Aircraft Parts and Consumables.
No. of Employees :	12 (Approximately) (Office – 5 and Branch – 7)

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 Company
Payment Behaviour :	No Complaints
Litigation :	Clear
Comments :	Subject is a new company established itself gradually. The networth statement provided seems to be satisfactory. Trade relations are reported as fair. Business is active. No complaints have been heard from the market sources. However, It would be take advisable 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 – 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. Rabindra Kumar Satapathy
Designation :	Director
Contact No.:	91-9811027139
Date :	11.11.2011

LOCATIONS

Registered Office :	A-135, Ground Floor, Arjun Nagar, S. J. Enclave, New Delhi – 110029, India
Tel. No.:	91-11-26182613/ 64500492
Mobile No.:	91-9811027139 (Mr. Rabindra Kumar Satapathy)
Fax No.:	Not Available
E-Mail :	niceithub1@gmail.com satapathy_rabi@yahoo.co.in skyfisheraviation@gmail.com info@skyfisheraviation.com
Website :	http://www.skyfisheraviation.com
Location :	Rented
Corporate Office 1 :	G-1, Sri Krishna Apartment, Plot No.7/9, Kishangarh, Vasant Kunu, New Delhi, India
Branch / Corporate Office 2 :	K. No: 847/1, Mata Chowk, Mahipalpur, New Delhi – 110037, India
Location :	Rented

DIRECTORS

Name :

Mr. Rohit Bhardwaj

Designation :

Director

Address :

Flat No.103, Himgiri Apartment, 2-A/9, Kishangarh Village, Vasant Kunj, New Delhi – 110070, India

Date of Birth/Age :

26.04.1975

Qualification :

B. Sc.

Experience :

14 years

Date of Appointment :

14.07.2011

PAN No.:

ACOPB2517M

DIN No.:

03536462

Name :

Mr. Brajendra Nath Mukherjee

Designation :

Director

Address :

Flat No.301, Himgiri Apartment, 2A/9, Kishangarh Village, Vasant Kunj, New Delhi – 110070, India

Date of Birth/Age :

09.02.1975

Qualification :

B. Com

Experience :

15 years

Date of Appointment :

14.07.2011

PAn no.:

AJNPM8210G

DIN No.:

02453669

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	U93000DL2009PTC188951	BRATATI CORPORATE SERVICES PRIVATE LIMITED	Director	27-03-09	27-03-09	-	Active	NO
2	U74900DL2009PTC194206	KNIGHTRIDERS FACILITY MANAGEMENTS PRIVATE LIMITED	Director	14-09-09	14-09-09	11-06-11	Active	NO
3	U74140DL2010PTC202458	MNM CORPORATE SERVICES PRIVATE LIMITED	Director	10-05-10	10-05-10	-	Active	NO
4	U63010DL2011PTC222334	SKYFISHER AVIATION PRIVATE LIMITED	Director	14-07-11	14-07-11	-	Active	NO
5	U63090DL2006PLC156081	FLAMINGO LOGISTICS LIMITED	Director	20-09-11	20-09-11	-	Active	NO

Name :

Mr. Rabindra Kumar Satapathy

Designation :

Director

Address :

Flat No.303, Himgiri Apartment, Kishangarh Village, New Delhi – 110070, India

Date of Birth/Age :

25.11.1971

Qualification :

C. S.

Experience :

20 years

Pan No.:

14.07.2011

PAN No.:

ASBPS0707K

DIN No.:

01159531

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	U72200DL2005PTC137223	NICE ITHUB PRIVATE LIMITED	Director	06-06-05	06-06-05	-	Active	NO
2	U51505DL2008PTC183544	AMAZON INFRATRADE PRIVATE LIMITED	Director	22-09-08	22-09-08	-	Active	NO
3	U50101OR2006PTC008578	IBIS AUTOMOBILES PRIVATE LIMITED	Director	21-07-09	21-07-09	-	Active	NO
4	U93000DL2009PTC192800	SNOWBELL FACILITY SERVICES PRIVATE LIMITED	Director	03-08-09	03-08-09	-	Active	NO
5	U74900DL2009PTC194206	KNIGHTRIDERS FACILITY MANAGEMENTS PRIVATE LIMITED	Director	14-09-09	14-09-09	14-10-11	Active	NO
6	U45400DL2010PTC198100	IRIS INFRAFACILITIES PRIVATE LIMITED	Director	18-01-10	18-01-10	-	Active	NO
7	U45209DL1983PLC016514	NATURETECH BUILDERS LIMITED	Director	01-01-11	01-01-11	01-11-11	Active	NO
8	U63040OR2011PTC013077	KALINGA TOURISM PRIVATE LIMITED	Director	01-02-11	01-02-11	-	Active	NO
9	U72900DL2011PTC217132	PLANCK TECHNOLOGIES PRIVATE LIMITED	Director	06-04-11	06-04-11	04-05-11	Active	NO
10	U63010DL2011PTC222334	SKYFISHER AVIATION PRIVATE LIMITED	Director	14-07-11	14-07-11	-	Active	NO
11	U63090DL2006PLC156081	FLAMINGO LOGISTICS LIMITED	Director	20-09-11	20-09-11	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Rishikesh
Designation :	General Manager
Name :	Mr. S. Chakravorty
Designation :	Senior Manager (Engineering)
Name :	Mr. Chander Sharma:
Designation :	Manager Logistics (CHA Holder)
Name :	Mr. Manoj Kumar
Designation :	Field Executive

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

Names of Shareholders	No. of Shares
Brajendra Nath Mukherjee	4000
Rabindra Kumar Satapathy	4000
Rohit Bhardwaj	2000
Total	10000

BUSINESS DETAILS

Line of Business :	Trader of Aircraft Parts and Consumables.
Branch Name :	· MJO · AEROSHELL · SHELL
Imports :
Products :	Aircraft Parts and Consumables
Countries :	· Singapore · USA
Terms :
Selling :	Credit (30 days)
Purchasing :	Cash (100% Advance)

GENERAL INFORMATION

Suppliers :	· Aerotec Services · AVIALL · Shell Aviation Private Limited · Exxonmobile International · Jai Bharat Intertrade Private Limited · Uma Aviation Consumables
Customers :	Wholesalers and Manufacturer · Air Works · Ventura Airconnect Private Limited · Associated Airsupport Private Limited · Jyoita Enterprises, Kolkata · Pragshree Private Limited, Coimbatore · Spice Jet Limited · Government of M.P · Jaiprakash Associates Limited · Sahara Pnmecity Limited
No. of Employees :	12 (Approximately) (Office – 5 and Branch – 7)
Bankers :	· Corporation Bank Personal Banking Branch, Priya Cinema Complex, Vasant Vihar, New Delhi – 110057, India

Banking Relations :	--
Auditors :
Name :	Parhi and Company Chartered Accountants
Address :	39, 2^nd Floor, Mohammadpur, Near Bhikaji Cama Place, New Delhi – 110066, India
Mobile No.:	91-9212982756
Email :	dkpca@gmail.com

CAPITAL STRUCTURE

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Share	Rs.10/- each	Rs.0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Share	Rs.10/- each	Rs.0.100 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

NEW COMPANY

LOCAL AGENCY FURTHER INFORMATION

ASSESSMENT OF WORKING CAPITAL REQUIREMENT

OPERATING STATEMENT

(RS. IN MILLIONS)

Particulars	30.09.2011	2012	2013	2014	2015
	Provisional	Projected
Gross Sales	4.526	50.000	100.000	130.000	155.000
- Domestic Sales	--	--	--	--	--
- Export Sales	--	--	--	--	--
Sub Total	4.526	50.000	100.000	130.000	155.000
Less: Excise Duty	--	--	--	--	--
Net Sales	4.526	50.000	100.000	130.000	155.000
% rise [+] or fall [-] in net sales as compared to previous year	--	--	100.00	30.00	19.71
Cost of Sales
Raw Materials (Including Stores)	1.200	12.000	19.000	21.000	23.000
- Imported	1.000	10.000	15.000	16.00	17.000
- Indigenous	0.200	2.000	4.000	5.000	6.000
Other Spares
- Imported	--	--	--	--	--
- Indigenous	--	--	--	--	--
Power and Fuel	--	--	--	--	--
Direct Labour	--	--	--	--	--
Other Manufacturing Expenses	--	--	--	--	--
Depreciation	0.090	0.200	0.320	0.400	0.550
Sub Total	1.290	12.200	19.320	21.400	23.550
Add: Opening Stock-In-Process	0.000	0.000	0.000	0.000	0.000
Less: Closing Stock-In-Process	0.000	0.000	0.000	0.000	0.000
Cost of Production	1.290	12.200	19.320	21.400	23.550
Add: Opening Stock of Finished Goods	--	--	4.000	8.000	10.000
Deduct: Closing Stock of Finished Goods	0.500	4.000	8.000	10.000	12.000
SUB TOTAL (Total cost of sales)	0.790	8.200	15.320	19.400	21.550
Selling, General and Administrative Expenses	3.300	37.500	75.000	95.000	112.500
Sub Total	4.090	45.700	90.320	114.400	134.050
Operating Profit before interests	0.436	4.300	9.680	15.601	20.950
Interests	0.050	0.250	0.300	0.350	0.400
Operating Profit After Interests	0.386	4.050	9.380	15.251	20.550
% of Net Profit	8.53	8.10	9.38	11.73	13.26
Other Non Operating Income	0.000	0.000	0.000	0.000	0.000
Other Non Operating Expenses	0.000	0.000	0.000	0.000	0.000
Net of Non-operating Income and Expenses	0.000	0.000	0.000	0.000	0.000
Profit before Tax/ Loss [PBT]	0.386	4.050	9.380	15.251	20.550
Provision for taxes	0.090	1.000	2.500	4.500	6.000
Net Profit / Loss [PAT]	0.296	3.050	6.880	10.751	14.550
Retained Profit	2.96	3.050	6.880	10.751	14.550
% of Net Profit Retained	100.00	100.00	100.00	100.00	100.00

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ANALYSIS OF BALANCE SHEET

(RS. IN MILLIONS)

Particulars	30.09.2011	2012	2013	2014	2015
	Provisional	Projected
Short Term Borrowing from Bank
i. From Application Bank	0.000	3.000	6.000	7.500	10.000
ii. From Other Banks	0.000	0.000	0.000	0.000	0.000
iii. Of which BP and BD	0.000	0.000	0.000	0.000	0.000
SUB TOTAL	0.000	3.000	6.000	7.500	10.000
Short Term Borrowings From Others	1.200	1.200	2.000	2.500	3.000
Sundry Creditors (Trader)	0.020	0.500	1.000	1.500	2.000
Advances Payment from customers	--	--	--	--	--
Provision For Taxes	0.090	1.000	2.500	4.500	6.000
Dividend Payable	--	--	--	--	--
Other Statutory Liabilities (due within one years)	0.300	0.700	1.000	1.200	1.500
Installments of term loans and Deferred Payment Credits	0.020	0.070	0.120	0.120	0.120
Other current Liabilities and Provisions (due within one years)	0.100	0.800	1.000	1.500	2.000
Sub Total	1.730	4.270	7.620	11.320	14.620
TOTAL CURRENT LIABILITIES	1.730	7.270	13.620	18.820	24.620
TERM LIABILITIES
Debentures	0.000	0.000	0.000	0.000	0.000
Redeemable Preference Shares	0.000	0.000	0.000	0.000	0.000
Term Loans	0.880	0.830	0.710	0.590	0.470
Deferred Payment Credits	0.000	0.000	0.000	0.000	0.000
Vehicles Loan	0.000	0.000	0.000	0.000	0.000
Term Loan HDFC Limited (Repayable after one year)	0.000	0.000	0.000	0.000	0.000
Unsecured Loans	0.000	0.000	0.000	0.000	0.000
Term Deposit	0.000	0.000	0.000	0.000	0.000
Deferred Tax Liability	0.000	0.000	0.000	0.000	0.000
Other Term Liabilities	0.000	0.000	0.000	0.000	0.000
TOTAL TERM LIABILITIES	0.880	0.830	0.710	0.590	0.470
TOTAL OF OUTSIDE LIABILITIES	2.610	8.100	14.330	19.410	25.090
NET WORTH
Proprietor’s Capital	0.100	2.00	3.000	4.000	5.000
General Reserve	0.296	3.050	9.930	20.681	35.231
Share Application Money	1.500	1.500	2.00	2.500	3.000
Other Reserve (Excluding Provision)	0.000	0.000	0.000	0.000	0.000
Reserves and Surplus	0.000	0.000	0.000	0.000	0.000
Unsecured Loans	0.000	0.000	0.000	0.000	0.000
Share Premium Account	0.000	0.000	0.000	0.000	0.000
Surplus (+) or deficit (-) in Profit and Loss Account	0.000	0.000	0.000	0.000	0.000
TOTAL NET WORTH	1.896	6.550	14.930	27.181	43.231
TOTAL LIABILITIES	4.506	14.650	29.260	46.591	68.321
ASSETS
CURRENT ASSETS
Cash and Bank Balance	0.156	1.150	1.280	3.000	5.091
Investments [Other than long term investments]	0.000	0.000	0.000	0.000	0.000
Receivables other than deferred and exports	2.500	7.500	16.000	25.000	38..000
Export receivables	0.000	0.000	0.000	0.000	0.000
Installments of deferred receivable	0.000	0.000	0.000	0.000	0.000
Inventory	0.000	0.000	0.000	0.000	0.000
Stock in Process	0.000	0.000	0.000	0.000	0.000
Finished Goods	0.500	4.000	8.000	10.000	12.000
Other Consumable Spares	0.000	0.000	0.000	0.000	0.000
Advances to suppliers	0.000	0.000	0.000	0.000	0.000
Advance Payment of Taxes	0.000	0.000	0.000	0.000	0.000
Other Current Assets	0.200	1.000	2.000	5.000	8.200
TOTAL CURRENT ASSETS	3.356	13.650	27.280	43.011	63.291
FIXED ASSETS
Gross Block (Land, Building, Machinery, furniture, Fittings and Vehicles)	1.200	1.200	2.500	4.500	6.500
Depreciation	0.050	0.200	0.520	0.920	1.470
NET BLOCK	1.150	1.000	1.980	3.580	5.030
OTHER NON CURRENT ASSETS
Investments in sub Cos./ Affiliates	0.000	0.000	0.000	0.000	0.000
Advances suppliers of Capital goods and contractors	0.000	0.000	0.000	0.000	0.000
Investment in Others	0.000	0.000	0.000	0.000	0.000
Other Non-Current Investment	0.000	0.000	0.000	0.000	0.000
Loans and Advance	0.000	0.000	0.000	0.000	0.000
Receivables more than 6 month old	0.000	0.000	0.000	0.000	0.000
TOTAL OTHER NON CURRENT ASSETS	0.000	0.000	0.000	0.000	0.000
Intangible Assets	0.000	0.000	0.000	0.000	0.000
TOTAL ASSETS	4.506	14.650	29.260	46.591	68.321
Tangible Networth	1.896	6.550	14.930	27.181	43.231
Net Working Capital	1.626	6.380	13.660	24.191	38.671
Current Ratio	1.94	1.88	2.00	2.29	2.57
TOL/ TNW	1.38	1.24	0.96	0.71	0.58
TTL/ TNW	0.46	0.13	0.05	0.02	0.01

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COMPUTATION OF ASSESSMENT BANK FINANCE FOR WORKING CAPITAL

(RS. IN MILLIONS)

Particulars	30.09.2011	2012	2013	2014	2015
	Provisional	Projected
Total Current Assets	3.356	13.650	27.280	43.011	63.291
Other Current Liabilities	1.730	4.270	7.620	11.320	14.620
Working capital Gap	1.626	9.380	19.660	31.691	48.671
Net Working Capital	1.626	6.380	13.660	24.191	38.671
Assessed Bank Finance	--	4.000	6.000	7.500	10.000
NWC to Total Current Assets	0.48	0.47	0.50	0.56	0.61
Bank Finance to TCA	--	0.22	0.22	0.17	0.16
Sundry Creditors to TCA	0.01	0.04	0.04	0.03	0.03
Other Current Liabilities to TCA	0.51	0.28	0.24	0.23	0.20
Inventories to Net Sales (days)	39.77	28.80	28.80	27.69	27.87
Receivable to Gross Sales (Days)	--	--	--	--	--
Sundry Creditors to Purchases (Days)	1.95	9.23	10.29	11.74	11.80

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COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL

(RS. IN MILLIONS)

Particulars	30.09.2011	2012	2013	2014	2015
	Provisional	Projected
FIRST METHOD OF LENDING
Total current assets	3.356	13.650	27.280	43.011	63.291
Others Current Liabilities	1.730	4.270	7.620	11.320	14.620
[Other than bank borrowings)
[T L Installment due W/I One years]
Working capital gap [WCG]	1.626	9.380	19.660	31.691	48.671
Min. stipulated Net Working Capital – 25 % of total current assets other than Export Receivables	0.407	2.345	4.915	7.923	12.168
Actual/ Projected net working capital	1.626	6.380	13.660	24.191	38.671
Item 3 minus item 4	1.220	7.035	14.745	23.768	36.503
Item 3 minus item 5	--	3.000	6.000	7.500	10.000
Maximum permissible bank finance	--	3.000	6.000	7.500	10.000
Excess borrowings, if any representing shortfall in NWC	--	--	--	--	--
SECOND METHOD OF LENDING
Total current assets	3.356	13.650	27.280	43.011	63.291
Others Current Liabilities	1.730	4.270	7.620	11.320	14.620
[Other than bank borrowings)
[T L Installment due W/I One years]
Working capital gap [WCG]	1.626	9.380	19.660	31.691	48.671
Min. stipulated Net Working Capital – 25 % of total current assets other than Export Receivables	0.839	3.413	6.820	10.753	15.823
Actual/ Projected net working capital	1.626	6.380	13.660	74.191	38.671
Item 3 minus item 4	0.787	5.968	12.840	20.938	32.848
Item 3 minus item 5	--	3.000	6.000	7.500	10.000
Maximum permissible bank finance	--	3.000	6.000	7.500	10.000
Excess borrowings, if any representing shortfall in NWC	--	--	--	--	--

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STATEMENT OF ASSETS AND LIABILITIES

NAME OF THE APPLICANT: MR. BRAJENDRA NATH MUKHERJEE

(RS. IN MILLIONS)

ASSETS

IMMOVABLE PROPERTY

Particulars	APPLICANT
Address of the property with survey No./ Door No. etc.	G-1, 7/8, Kishangarh, Vasant Kunj, New Delhi – 110070, India
Description: Land/ Site/ Building	Building
Whether freehold/ Leasehold	Free hold
Type of Property	Residential
Area/ Extent of Land	--
Mortgaged for availing loan if any details thereof	--
Present Market/ Assessed Value	Rs.2.000 Millions

INVESTMENT IN BUSINESS CAPITAL

Name of the company/ Firm/ concern in which investment is made	Skyfisher Aviation private Limited
Present Value of Investments	Rs.0.150 Million

LIFE INSURANCE POLICIES

Poly Numbers	110027
Date of Policy	31.03.2008
Type of Policy	Whole Life
Annual Premium	0.020
Sum Assured	0.300
Surrender Value	Rs.0.200 Million

VEHICLES OWNED

Model / Make	Alto/ Maruti
Date of Purchases	16.01.2011
Present Market Value	Rs.0.300 Million

OTHER ASSETS

Furniture and Fixture	0.250
Cash in Hand	0.100
Jewellery	0.250
Plant and Machinery	0.100
Other Assets	0.200
Total Value of other Assets	Rs.0.900 Million

TOTAL ASSETS

RS.3.550 MILLIONS

NET WORTH

RS.3.550 MILLIONS

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STATEMENT OF ASSETS AND LIABILITIES

NAME OF THE APPLICANT: MR. RABINDRA KUMAR SATAPATHY

(RS. IN MILLIONS)

ASSETS

MMOVABLE PROPERTY

Particulars	APPLICANT
Address of the property with survey No./ Door No. etc.	Flat No.303, Himgiri Apartment, 2-A/9, Kishangarh Village, Vasant Kunj, New Delhi – 110070, India
Description: Land/ Site/ Building	Building
Whether freehold/ Leasehold	Free hold
Type of Property	Residential
Area/ Extent of Land	--
Mortgaged for availing loan if any details thereof	--
Present Market/ Assessed Value	Rs.2.500 Millions

INVESTMENT IN BUSINESS CAPITAL

Name of the company/ Firm/ concern in which investment is made	--
Present Value of Investments	Rs.1.000 Million

LIFE INSURANCE POLICIES

Surrender Value

Rs.0.200 Million

VEHICLES OWNED

Model / Make	Santro / Skoda
Date of Purchases	16.05.2006
Present Market Value	Rs.1.000 Million

OTHER ASSETS

Furniture and Fixture	0.500
Cash in Hand	0.200
Jewellery	1.000
Plant and Machinery	0.100
Other Assets	20.000
Total Value of other Assets	Rs.21.800 Millions

TOTAL ASSETS

RS.26.500 MILLIONS

LIABILITIES

TOTAL LIABILITIES

RS.1.300 MILLIONS

NET WORTH

RS.25.200 MILLIONS

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STATEMENT OF ASSETS AND LIABILITIES

NAME OF THE APPLICANT: MR. ROHIT BHARDWAJ

(RS. IN MILLIONS)

ASSETS

MMOVABLE PROPERTY

Particulars	APPLICANT
Address of the property with survey No./ Door No. etc.	Flat No.103, Himgiri Apartment, 2-A/9, Kishangarh Village, Vasant Kunj, New Delhi – 110070, India
Description: Land/ Site/ Building	Building
Whether freehold/ Leasehold	Free hold
Type of Property	Residential
Area/ Extent of Land	--
Mortgaged for availing loan if any details thereof	--
Present Market/ Assessed Value	Rs.2.500 Millions

INVESTMENT IN BUSINESS CAPITAL

Name of the company/ Firm/ concern in which investment is made	Skyfisher Aviation Private Limited
Present Value of Investments	Rs.0.050 Million

LIFE INSURANCE POLICIES

Poly Numbers	113440534
Date of Policy	15.03.2002
Type of Policy	20 years
Annual Premium	0.025
Sum Assured	0.500
Surrender Value	Rs.0.300 Million

VEHICLES OWNED

Model / Make	Santro
Date of Purchases	October, 1999
Present Market Value	Rs.0.080 Million

OTHER ASSETS

Furniture and Fixture	0.200
Cash in Hand	0.050
Jewellery	0.200
Plant and Machinery	0.080
Other Assets	0.170
Total Value of other Assets	Rs.0.700 Million

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CREDIT FACILITIES

Type of Facilities	Limit	Presently banking with
Term Loan	Rs.0.900 Million	Corporation Bank

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MONTHWISE SALES DETAILS

August	Rs.1.735 Millions
September	Rs.2.792 Millions
Total	Rs.4.527 Millions

Orders in Hand	Amount (Rs. In Millions)
Indamer Company Limited	0.988
Government of M. P.	17.500
Sahara Prime City Limited	1.461
Jaiprakash Associates	1.379
Airworks Engineering Private Limited	0.746
Spice Jet Limited	0.583

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TRADE REFERENCE:

· Indemer Company Limited

· Sahara Prime City Limited

· Government of MP

· Jaiprakash
Associates Limited

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FORM 8:

Corporate identity number of the company	U63010DL2011PTC222334
Name of the company	SKYFISHER AVIATION PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	A-135, Ground Floor, Arjun Nagar, S. J. Enclave, New Delhi – 110029, India niceithub1@gmail.com
This form is for	Creation of Charge
Type of charge	Book Debts
Particular of charge holder	· Corporation Bank Personal Banking Branch, Priya Cinema Complex, Vasant Vihar, New Delhi – 110057, India cb564@corpbank.co.in
Nature of instrument creating charge	Hypothecation of Stock to be purchases
Date of instrument Creating the charge	20.08.2011
Amount secured by the charge	Rs.0.900 Million
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interests: 12.15% Terms of Repayment: As per agreement Margin: 25% Extent and Operation of the charge: 100%
Particulars of the property charged	Hypothecation of Stock to be purchased as per agreement

COMPANY PROFILE:

Subject is a Private Limited Company, established to provide quality services to the aviation industry. The company is located at New Delhi, which is the home of the Indian aerospace industry.

The Indian sub-continent, located as it is between the Middle and Far-East trade route, has strategic significance, from the point of view of trade and business. India is on the threshold of globalization of its economy, with the aviation industry poised to play a significant role, as an engine of growth.

Subject is established by three professionals of the Indian Aviation Sector, with wide experience in the corporate aviation sector, who have combined their entrepreneur skills, to tap this potential market by providing unmatched quality, of service, to the aircraft operator specifically, and the aviation industry in general.

The unique selling point of subject is their enviable reputation, expertise and industry contacts, within India.

DESCRIPTION:

· Aviation Management Services

· Sourcing and arranging the supply of Aircraft Components globally.

· Supplies of Aircraft consumables and rotables.

· Aircraft Purchase and Sales

· Aircraft Charter Services (Passenger, Cargo, Medical)

· International Flight. Services

· Landing Permit

· Customs and Immigration Coordination

· Route Planning Advice

· Over-Flight Permits

· Landing Permits

· Flight Plans

· Weather Services

· ATC Flight Plan Filing

· RNFC Fee Payment

· HOTAC

· Aircraft Ground Handling Services

· Aircraft Handling Advice and Arrangements

· Aircraft Replenishment

· TNLC Airport Fee Payment

· Aircraft Fueling Services

· Fuel Uplift Advice

· Fueling Coordination

To be the best company work for whereby employees are treated as part of a big family.

Maintain the highest quality product, embracing technology to reduce cost and enhance service levels.

THE MANAGEMENT:

1. Rishikesh: GM of the Company and Vast experience in the aviation field and more than 25 years experience. He has excellent contact with various Govt. Aviation Dept. and all Airlines.

2. Rohit Bhardwaj: CEO of the Company have vast experience in the aviation field because of his association with various Airlines. He has very good contacts with various OEMS and Foreign Vendors.

3. Ravi Sataiathv: Director and have more than 20 years professional experience in the logistics and Aviation Industries and have good contact with top level management of all airlines and Govt. Aviation Department.

4. B. N. Mukheriee: Director and have more than 10 years professional experience in this industry and have good contact in this field.

5. S. Chakravorty: Sr. Manager (Engineering) and have 45 years experience in the engineering in aviation sector. Retired from Indian Airlines Regional Director. Takes care of Sales and Marketing and Business Promotion for entire group.

6. Suiay Chakravorty: AME License holder and authorized for sign the release note.

7. Chander Sharma: Manager Logistics (CHA Holder) - Having 25 years. of experience. A license holder from customs and excise department for import and export.

8. Manoj Kumar: Field Executive and have 5 years experience in Aviation related Product and Parts.

WEBSITE DETAILS:

OVERVIEW:

After introduction of open sky policy India is been experiencing huge growth in aviation sector. Number of aircraft has increased and passenger growth is increasing day by day. India is expected to be third largest air-transport user country in next 10 years. This kind of rapid growth is pressing hard to act in professionalized manner and match its expectation.

Subjects are determined to engage in this mission and become an interface between the Indian aviation industry and its all around development.

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.50.28
UK Pound	1	Rs.80.08
Euro	1	Rs.68.45

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.