MIRA INFORM REPORT

Report Date :

21.11.2011

IDENTIFICATION DETAILS

Name :	PARIKH PACKAGING PRIVATE LIMITED
Registered Office :	Opposite Rotomac Pens, Sarkhej-Bavla Highway, Village Moraiya, Taluka – Sanand, Ahmedabad – 382 213, Gujarat
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	22.10.1999
Com. Reg. No.:	04-036763
Capital Investment / Paid-up Capital :	Rs.35.400 Millions
CIN No.: [Company Identification No.]	U25209GJ1999PTC036763
IEC No.:	0801003113
TAN No.: [Tax Deduction & Collection Account No.]	AHMP00631B
PAN No.: [Permanent Account No.]	AABCP7894F
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Packaging Materials.
No. of Employees :	400 [Approximately]

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 370000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual 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)

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. Roumil
Designation :	Manager Executive
Contact No.:	91-9825018965
Date :	19.11.2011

LOCATIONS

Registered Office/Factory :	Opposite Rotomac Pens, Sarkhej-Bavla Highway, Village Moraiya, Taluka – Sanand, Ahmedabad – 382 213, Gujarat, India
Tel. No.:	91-2717-251106 / 251375 / 251376 / 251377
Mobile No. :	91-9825018965 [Mr. Roumil]
Fax No.:	91-2717-251106
E-Mail :	marketin@parikhpackaging.com mail@parikhpackaging.com saurin@parikhpackaging.com ajay_ajay21@yahoo.com mail@parikh-group.com pranav@parikhpacking.com / tkp@parikhpacking.com
Website :	www.parikhpackaging.com www.parikh-group.com
Area :	17000 Sq.ft.
Location :	Owned
Administrative/Corporate Office :	29, 3^rd Floor, Sri Krishna Centre, Near Mithakhali Six Road, Navrengpura, Ahmedabad – 380 009, Gujarat, India

DIRECTORS

As on 30.09.2010

Name :	Mr. Rameshchandra Ochhavlal Parikh
Designation :	Managing Director
Address :	514, Lane No 21, Satagrah Chhavni, Satellite Road, Ahmedabad – 380015, Gujarat
Date of Birth/Age :	14.08.1945
Qualification :	Mechanical Engineer
Experience :	43 Years
Date of Appointment :	22.10.1999
DIN :	00060663
Name :	Mr. Pavan Rameshchandra Parikh
Designation :	Director
Address :	514, Lane No 21, Satagrah Chhavni, Satellite Road, Ahmedabad – 380015, Gujarat
Date of Birth/Age :	23.12.1975
Qualification :	B. Com.
Experience :	11 Years
Date of Appointment :	22.10.1999
DIN :	00060697
Name :	Mr. Pranav Rameshchandra Parikh
Designation :	Director
Address :	514, Lane No 21, Satagrah Chhavni, Satellite Road, Ahmedabad – 380015, Gujarat
Date of Birth/Age :	11.03.1974
Qualification :	M.B.A.
Experience :	11 Years
Date of Appointment :	22.10.1999
DIN :	00060678

KEY EXECUTIVES

Name :	Ajay Parikh and Associates
Designation :	Company Secretary
Address :	C – 4, Yashpal Apartment, Ground Floor, Near Vijay Char Rasta, Navrangpura, Ahmedabad - 380 009, Gujarat, India
Name :	Mr. Roumil
Designation :	Manaer Executive

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2010

Names of Shareholders (Equity Shares)	No. of Shares
Rameshbhai O Parikh	640600
Pranavbhai R Parikh	340700
Pavanbhai R Parikh	340700
Kamalkant O Parikh	100
Jyotsnaben K Parikh	100
Ketanbhai K Parikh	100
Samirbhai K Parikh	100
Niravbhai K Parikh	100
Hemaben N Parikh	100
Sonaliben S Parikh	100
Namrataben K Parikh	100
Satisbhai O Parikh	100
Satisbhai O Parikh – HUF	100
Ritaben S Parikh	100
Anujbhai S Parikh	100
Ranjanben R Parikh	100
Rajviben P. Parikh	100
Amiben P Parikh	100
Occhavlal M Parikh	100
Shradhaben O Parikh	100
Amritaben S Parikh	100
Pradipbhai K Shah	50
Pradipbhai K Shah – HUF	50
Monaliben P Shah	100
Niveditaben P Shah	100
Umeshbhai R shah	100
Nayanbhai A Shah – HUF	100
Shrenikbhai A Shah – HUF	100
Rekhaben U Shah	100
Kairavbhai U Shah	100
Chintanbhai U Shah	50
Chitaliben C. Shah	50
Yogesh K Shah – HUF	100
Yogendrabhai K Shah	50
Sonaliben Y Shah	100
Rameshbhai O Parikh – HUF	600
Sharmisthaben Y shah	50
Pavanbhai R Parikh – HUF	50600
Pravanbhai R Parikh – HUF	50600
Ranjanben K Doshi	500
Bhartiben O Parikh	500
Kaniyalal Navnitlal Parikh	1562100
Shardaben O. Parikh (Family Trust)	50000
Hemantkumar J. Parikh	100
Total	3040000

Names of Shareholders (Preference Shares)	No. of Shares
Pranavbhai R. Parikh	120000
Pravanbhai R. Parikh – HUF	5000
Pavanbhai R. Parikh	120000
Pavanbhai R. Parikh – HUF	5000
Occhavlal M. Parikh (Family Trust)	100000
Occhavlal M. Parikh (HUF)	100000
Shardaben O. Parikh (Family Trust)	50000
Total	500000

As on 30.09.2010

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Packaging Materials.

Products :

Products Description	ITC Code No.
Printed / Laminated Film in Roll Form / Pouch Form	3920

Products :

• Flexible Packing Laminates in Roll Form
• Stand Up Pouch
• Zipper Pouch
• Vacuum Pouch
• Gusseted Pouch
• Centre Seal Pouch
• 3 Side Seal Pouch
• Food Packaging Laminates
• Pharmaceutical Flexible Packing Laminates
• FMCG Packing Laminates
• Agro Packing Laminates.

Exports :

Products :

Packaging Material

Countries :

• UK
• UAE
• Sri Lanka
• Canada
• Kenya
• New Zealand
• Congo

Imports :

Products :

Raw Materials

Countries :

• Singapore
• Egypt

PRODUCTION STATUS [As on 31.03.2010]

Particulars	Unit	Actual Production
Printed / Laminated Film in Roll Form	Kgs.	2712003.515
Printed / Laminated Film in Pouch Form	Nos.	55276769

Installed Capacity

Tonnes Per year

9600

GENERAL INFORMATION

Suppliers :

• Reliance industries
• Jindal Poly Films

Customers :

OEM’s and MNC Companies

• Tower India
• Amul
• Bisleri
• Britannia
• Hindustan Unilever Limited
• Dabur
• Kingfisher
• Wrigley
• Merck Limited
• Nirma
• Sanofi Aventis
• Rrent
• Upl
• Wagh Bakri
• Zydus Cadila.

No. of Employees :

400 [Approximately]

Bankers :

Ø The Karur Vysya Bank Limited, Motilal Centre, Ashram Road, Ahmedabad – 380 009, Gujarat, India

Ø The Karur Vysya Bank Limited, Sakar – VII, Ground Floor, B Block, Near Nehru Bridge Corner, Ashram Road, Ahmedabad – 380009, Gujarat, India

Ø IDBI Bank Limited, Ahmedabad Branch

Facilities :

Secured Loans	31.03.2010 Rs. In Millions	31.03.2009 Rs. In Millions
Term Loans	135.201	95.101
Working Capital Loan (Secured against Hypothecation of Plant and Machinery, entire current assets and mortgage of factory land and building and personal guarantee of the directors)	103.306	106.684
Vehicle Loan (Secured against Hypothecation of respective vehicle)	3.207	1.223
Total	241.714	203.008

Unsecured Loans	31.03.2010 Rs. In Millions	31.03.2009 Rs. In Millions
From Directors	9.009	18.876
From Shareholders	51.000	36.763
From Inter Corporate Deposit	8.713	7.578
From Bank and Other Financial Institution	0.667	3.290
Total	69.389	66.507

Banking Relations :	--
Auditors :
Name :	Tarang R. Kothari and Associates Chartered Accountants
Address :	A 102, Ratnadeep II, Opposite Prernatirth Derasar, Satellite, Ahmedabad – 380 015, Gujarat, India
Tel. No.:	91-79-26926290
E-Mail :	tarangkothari@hotmail.com tarangco@yahoo.co.in
PAN :	AGHPK4250B
Associates/Subsidiaries :	K.R. Metal Industries Private Limited, Ahmedabad Line of business: Manufacturer of Packaging Materials.

CAPITAL STRUCTURE

As on 30.09.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
4,300,000	Equity Shares	Rs.10/- each	Rs.43.000 millions
500,000	Redeemable Preference Shares	Rs.10/- each	Rs.5.000 millions
	Total		Rs.48.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
3,040,000	Equity Shares	Rs.10/- each	Rs.30.400 millions
500,000	Redeemable Preference Shares	Rs.10/- each	Rs.5.000 millions
	Total		Rs.35.400 millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		35.400	29.000	19.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		57.217	36.197	21.709
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		92.617	65.197	40.709
LOAN FUNDS
1] Secured Loans		241.714	203.008	108.148
2] Unsecured Loans		69.389	66.507	47.680
TOTAL BORROWING		311.103	269.515	155.828
DEFERRED TAX LIABILITIES		30.825	14.358	10.090
TOTAL		434.545	349.070	206.627
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		386.120	166.289	115.129
Capital work-in-progress		1.542	81.321	12.005
INVESTMENT		0.026	0.026	0.026
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	62.286	51.114	46.508
	Sundry Debtors	128.996	113.225	81.848
	Cash & Bank Balances	18.851	24.769	6.252
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	41.436	45.931	17.481
Total Current Assets		251.569	235.039	152.089
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	188.393	119.801	62.895
	Current Liabilities	6.123	4.754	2.829
	Provisions	10.196	9.050	6.901
Total Current Liabilities		204.712	133.605	72.625
Net Current Assets		46.857	101.434	79.464
MISCELLANEOUS EXPENSES		0.000	0.000	0.003
TOTAL		434.545	349.070	206.627

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	547.767	467.744	313.444
		Other Income	19.673	8.910	5.429
		TOTAL (A)	567.440	476.654	318.873
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL (B)	508.905	422.416	279.244
	PROFIT/[LOSS] BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		58.535	54.238	39.629
Less	FINANCIAL EXPENSES (D)		29.258	25.867	19.033
	PROFIT/[LOSS] BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		29.277	28.371	20.596
Less/ Add	DEPRECIATION/ AMORTISATION (F)		14.090	6.452	5.736
	PROFIT / [LOSS] BEFORE TAX (E-F) (G)		15.187	21.919	14.860
Less	TAX (H)		2.772	3.072	1.918
	PROFIT / [LOSS] AFTER TAX (G-H) (I)		12.415	18.847	12.942
	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		35.762	21.708	13.305
	Deferred Tax Provision		16.468	4.266	3.424
	BALANCE CARRIED TO THE B/S		31.182	35.762	21.708
	EARNINGS IN FOREIGN CURRENCY		$845217.15	NA	NA
	IMPORTS
		Raw Materials	$1384807.23	NA	NA
		Capital Goods	$1070759.20	NA	NA
	TOTAL IMPORTS		$2455566.43	NA	NA
	Earnings/[Loss] Per Share (Rs.)		3.51	6.50	9.24

Particulars	31.03.2011
Sales Turnover (Approximately)	1002.400

Expected Sales (2011-2012): Rs.1005.000 Millions

The above information has been parted by Mr. Roumil [Manager Executive]

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	2.19	3.95	4.06
Net Profit Margin (PBT/Sales)	(%)	2.77	4.68	4.74
Return on Total Assets (PBT/Total Assets}	(%)	2.38	5.46	5.56
Return on Investment (ROI) (PBT/Networth)		0.16	0.34	0.37
Debt Equity Ratio (Total Liability/Networth)		5.57	6.18	5.61
Current Ratio (Current Asset/Current Liability)		1.23	1.76	2.09

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report [Yes/No]
Year of Establishment	Yes
Locality of the Firm	Yes
Construction of the firm	Yes
Premises details	Yes
Type of Business	Yes
Line of Business	Yes
Promoters background	-
No. of Employees	Yes
Name of Person Contacted	Yes
Designation of contact person	Yes
Turnover of firm for last three years	Yes
Profitability for last three years	No
Reasons for variation <> 20%	-
Estimation for coming financial year	Yes
Capital the business	No
Details of sister concerns	-
Major Suppliers	Yes
Major Customers	Yes
Payment Terms	No
Export / Import Details [If Applicable]	Yes
Market Information	-
Litigations that the firm / promoter involved in	-
Banking Details	Yes
Banking Facility Details	-
Conduct of the banking account	-
Buyer visit details	-
Financials, if provided	No
Incorporation details, if applicable	-
Last accounts filed at ROC	-
Major Shareholders, if applicable	-

BUSINESS ACTIVITIES:

Subject was established in 1999 with a vision of meeting various packaging needs for food. FMCG Agro and Pharmaceutical applications. Within a short span of ten years, through perseverance and constant technological upgradation Subject become one at the major packaging material manufacturer of national and international repute.

In October 2004, Hi tech 8 Colour Roto Gravore Printing Machine with Auto Registration was Purchased.

This Machine was purchased for 1000mm working width, considering large volume jobs.

In May 2005, Considering increased load in pouching, they was purchase three side sealed, stand up and Zipper pouch Machine purchase.

In June 2005, Hi tech Solvent Less lamination Machine was imported from Italy. This Machine was purchased for satisfy the need or packaging required for food industries.

In July 2005, Considering increased load on slitting, after installation of new Printing Machine and Lamination Machine, 1000mm Slitting Machine was purchased.

In October 2005, in parity to 1000mm printing facility, 1000mm Lamination was really required to optimize the capacity utilization, hence they have purchased “Dry Lamination Machine 1000mm width with mentioned featured and standard accessories”.

In June 2006, They completed the big backward integration project of Three Layer Co Extrusion Blow Film Plant and purchase 9 Colour Rote Grovure Printing Machine with Auto Registration.

This project helped them in various areas:

• Providing better quality of product

• Versatile to process different polymers

• In house production hence saving in transport line

• Optimum utilization of Polymers for required thickness and width

• Control over Inventory of films for different applications

• Saving the cost of raw material

After, Completion of Backward Integration Project, they enhance the production capacity by purchasing three side sealed stand up and Zipper pouch Machine and Centre sealed pouch machine in the month of December 2006.

As a result of increase in production capacity and backward integration project, they achieve tremendous growth in Turnover. Compare Turnover at 2005-2006 Rs.160.400 millions, Rs.244.800 millions in 2006-2007, Rs.360.000 millions in 2007-2008, Rs. 523.800 in 2008-2009 and Rs.599.000 millions in 2009-2010.

FORM 8

Corporate identity number of the company

U25209GJ1999PTC036763

Name of the company

PARIKH PACKAGING PRIVATE LIMITED

Address of the registered office or of the principal place of business in India of the company

Opposite Rotomac Pens, Sarkhej Bavla Highway, Village Moraiya, Taluka – Sanand, Ahmedabad – 382 213, Gujarat, India

E-Mail: ajay_ajay21@yahoo.com

This form is for

Modification of charge

Charge identification number of the modified

90104151

Type of charge

Immovable Property

Particular of charge holder

The Karur Vysya Bank Limited, Sakar VII, Ground Floor, Near Nehru Bridge Corner, Ashram Road, Ahmedabad – 380 009, Gujarat, India

E-Mail: ahmedabad@kvbmail.com

Nature of description of the instrument creating or modifying the charge

Memorandum of deposit of title deeds dt.18.02.2010

Date of instrument Creating the charge

18/02/2010

Amount secured by the charge

Rs.366.370 millions

Brief particulars of the principal terms an conditions and extent and operation of the charge

Rate of Interest:

Rate of interest on OCC/SBP - 12% p.a., WCDL - 10% p.a.

PCL/FBN/P - 10.50%, Term Loan (Building) and Term Loan (Machinery) - 11.5%

ILC/FLC/BG commission - as per circulars

ROI linked to BPLR of the Bank

Terms of Repayment:

OCC/PCL/FBN/P/SBP/ILC/FLC: The limits are valid upto the due date of sanction and/or the respective due date and renewable on yearly basis upon request of the company.

Term Loan (B) and Term Loan (M) - repayable in 60 monthly installments after 3 months holiday period

Margin:

Nature of Limit	Margin
OCC/FCL	25% on Stock, 35% on Book Debts
SBP	25%
PCL/FBN/P	PCL - 25%, FBN - NIL, FBP - 25%
BANK GUARNTEE	15%
ILC/FLC	10%
Term Loan (Building)	30%
Term Loan (Machinery)	25%

Extent and Operation of the charge:

Mortgage charge on Factory land and building situated at S.No.423 paiki, village: Moraiya, Sarkhej Bhavla Highway, Opposite Rotomac Pens, Tal: Sanand, Dist: Ahmedabad (5960.67 sq.meters+3423 sq.mtrs+2801.99 sq.mtrs) interalia operates as security for the various loans/limits sanctioned to the company aggregating to Rs.366.370 millions.

Short particulars of the property charged

Land and building at revenue survey No.423 part situated at mouje Moraiya, Tal: Sanand, dist: Ahmedabad admeasuring a) 5960.67 sq.mtrs b) 3423.43 sq.mtrs c) 2801.99 sq.mtrs standing in company's name

Date of latest modification prior to the present modification

02/09/2009

Particulars of the present modification

By virtue of the present modification the earlier charge of Rs.278.870 millions increased to Rs.366.370 millions by enhancement of OC limit from Rs.80.000 millions to Rs.100.000 millions. ILC/FLC limit from Rs.30.000 millions to Rs.50.000 millions sanction of fresh Term Loan (Building) of Rs.20.000 millions and Term Loan (Machinery) of Rs.27.500 millions as per the documents.

FORM 8

Corporation identity number or foreign company registrations number of the company	U25209GJ1999PTC036763
Name of the company	PARIKH PACKAGING PRIVATE LIMITED
Address	Opposite Rotomac Pens, Sarkhej Bavla Highway, Village Moraiya, Taluka, Sanand – 382213, Gujarat, India
This Form is for	Modification of Charge
Type of Charges	Book Debts Movable Property(not being pledge)
Particular of the charge holder	Karur Vysya Bank Limited Motilal Centre, Ashram Road, Ahmedabad, Gujarat – 380 015 Email ID: ravichandrank@kvbmail.com
Nature or description of the instrument creating charge	Agreement for credit facilities (Hypothecation Deed) dated : 06.12.2006
Date of the instrument creating charge	06.12.2006
Amount Secure by the charge	Rs.95.120 millions
Brief of the principal terms and conditions and extent and operation of the charge	Rate of Interest: Rate of Interest on OCC 11.25% PA PCL / FBN /FBP @ 7.50% TL ( Building ) 11.25% PA HPMA ( New Limit ) 11.25% ILC/FLC /BG as per circular Terms of Repayment: OCC/PCL/FBN/FBP – Valid for one Year (Renewable on Yearly basis) Term Loan (Building) and HPMA Loan shall be Repaid in 60 monthly installments. Margin: OCC -25% on stocks and 35% on Book Debts PCL -25% FBN – Nil FBP -25% ILC/FLC -10% HPMA -25% Tl (building ) – 50% Extent and operation of the charge: The charges operates in favour of the bank for due repayment of its financial assistance to the company. Others: The charges operates in favour of the bank for due repayment of its financial assistance to the company.
Short Particulars of the Property charged (including location of the property)	Hypothecation of the borrower’s stocks of raw materials, goods – in – process of manufacture, all finished and manufactured goods, articles, stores and spares, plant and machineries, furniture and fixtures, office equipments, electrical installations, book debts, outstanding monies, receivables, claims, bills, rights to or movable assets (both present and future).
Particulars of the present modification	The charge on the securities now stands increased to Rs. 95.120 millions as detail here under: Charge registered earlier: 72.008 millions Add: Additional limits granted Now : 27.500 millions Less: HPMA-II (Rs.1.500 millions) closed and reduction in BG limit (Rs.2.888 millions) : 4.388 millions Total charges now registered : 95.120 millions

FORM 8

Name of the company	PARIKH PACKAGING PRIVATE LIMITED
Presented By	Shri Pranav R Parikh
1) Date and description of instrument creating the change	Equitable Mortgage of land and Building dated 14.02.2002
2) Amount secured by the charge/amount owing on the securities of charge	Term Loan (Building) : Rs.3.000 Millions
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given	Piece of parcel of non-agricultural construction freehold land admeasuring 5945.68 Sq. meter of revenue survey no 432 part situated at Mouje Moraiya Taluka, Sanand in the district 7 and sub district of Ahmedabad and construction of building on the said land.
4) Gist of the terms and conditions and extent and operation of the charge.	Interest rate @ 14% shall be charged and margin for building @50% per Annum.
5) Name and Address and description of the person entitled to the charge.	The Kurur Vysya Bank Limited Motilal Centre, Ashram Road, Ahmedabad – 380009
6) Date and brief description of instrument modifying the charge	Confirmation of deposit of title deeds dated – 05.03.2005
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification.	Earlier Total limits sanctioned to the company was at Rs.49.000 millions now by this deeds the additional limits has been sanction to the company by way of (1) FLC of Rs.8.350 millions and (2) TL (M) Rs.7.500 millions and the said equitable mortgage continue to be secured for the total facilities granted to the company amounting to Rs.64.858 millions. All other terms and conditions remaining unchanged.

Trade References:

• Reliance industries
• Jindal Poly Films
• Tower India

FIXED ASSETS:

• Plant and Machinery
• Building
• Furniture and Fixture
• Electric Installation
• Calculator
• Vehicles
• Lab Equipments
• Xerox Machine
• Water Cooler
• U.P.S.
• Cylinder
• Fax Machine
• Computer
• Refrigerator
• Camera
• Office Equipments
• Mobile
• Land
• Electrical Weigh Scale
• Television
• S.S. Plates
• Rubber Roll
• Inverter

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.51.35
UK Pound	1	Rs.80.97
Euro	1	Rs.69.25

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		45

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

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.