MIRA INFORM REPORT

Report Date :

28.11.2011

IDENTIFICATION DETAILS

Name :	BOHRA SCREENS AND PERFORATERS
Registered Office :	3-3-8691, Kshatriya Rajput, Sabha Complex, Kutbiguda, Kachiguda Hyderabad – Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2011
Year of Establishment :	2005
Capital Investment / Paid-up Capital :	Rs. 0.436 millions (as on 2009)
Legal Form :	Sole Proprietory Concern
Line of Business :	Manufacturer of Wiremesh, Wellmesh, Vibrating Screens and Perforated
No. of Employees :	30 (in Office 6 and In factory 24 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 1700
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established proprietory concern 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)
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. Vinit
Designation :	Proprietor
Contact No.:	91-9392310231
Date :	23.11.2011

LOCATIONS

Registered Office :	3-3-8691, Kshatriya Rajput Sabha complex, Kutbiguda, Hyderabad – 500 027, Andhra Pradesh
Tel. No.:	91-40-65241335
Mobile No.:	91-9392310231 (Mr. Vinit)
Fax No.:	91-40-24656595
E-Mail :	bohrascreen_net@yahoo.co.in
Website :	www.wiremeshindia.com
Area :	1500 Sq.fts
Location :	Leased
Factory :	Jeedimetla, Hyderabad – 500 027, Andhra Pradesh, India
Area :	20000 Sq.fts
Location :	Rented

SOLE PROPRIETOR

Name :	Mr. Vinit Bohra
Designation :	Proprietor
Date of Birth/Age :	33 years
Qualification :	Post Graduate

KEY EXECUTIVES

Name :	Mr. Phani Dongare
Designation :	Group Manager
Address :	91-9492026997

BUSINESS DETAILS

Line of Business :	Manufacturer of Wiremesh, Wellmesh, Vibrating Screens and Perforated Sheets.
Terms :
Selling :	Cash, Credit (depends )
Purchasing :	Cash, Credit (depends )

GENERAL INFORMATION

Customers :	· Industrial Suppliers
No. of Employees :	30 (6 in office + 24 in factory, Approximately)
Bankers :	· IDBI Bank Branch Kachigud, Hyderabad
Banking Relations :	----
Auditors :
Name :	Sampat Banj Associates Chartered Accountants
Address :	Hyderabad – 500 027, Andhra Pradesh
Associates/Subsidiaries :	Bohra Industries Address: 3-3-8, 69/B5 Kshatriya Rajput Sabha complex, Kutbiguda, Hyderabad – 500 027, Andhra Pradesh Activity: Manufacturer of Wiremesh, Wellmesh, Vibrating Screens and Perforated Sheets.

CAPITAL STRUCTURE

VINIT KUMAR BOHRA CAPITAL ACCOUNT AS ON 31.03.2009

Particulars	Rs. in Millions	Particulars	Rs. in Millions
Drawings	0.060	Balance Brought Forward	0.305
LIC Premium	0.061	Net Profit	0.301
Mutual Fund	0.037
Advance Tax	0.012
Balance Carried Forward	0.436
Total	0.606		0.606

FINANCIAL DATA

[all figures are in Rupees Millions]

Particulars	31.03.2011	31.03.2010
Sales Turnover (Approximately)	17.000	9.700

Expected Sales (2011-2012) : Rs. 18.000 millions

The above information has been parted by Mr. Vinit .

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		31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		0.436
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		0.000
NETWORTH		0.436
LOAN FUNDS
1] Secured Loans		0.167
2] Unsecured Loans		0.554
TOTAL BORROWING		0.721
DEFERRED TAX LIABILITIES		0.000
TOTAL		1.157
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.505
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.575
	Sundry Debtors	0.529
	Cash & Bank Balances	0.057
	Other Current Assets	0.450
	Loans & Advances	0.010
Total Current Assets		1.621
Less : CURRENT LIABILITIES & PROVISIONS
	Current Liabilities	0.955
	Provisions	0.014
Total Current Liabilities		0.969
Net Current Assets		0.652
MISCELLANEOUS EXPENSES		0.000
TOTAL		1.157

PROFIT & LOSS ACCOUNT

PARTICULARS		31.03.2009
Sales Turnover		9.050
Other Income		0.000
Total Income		9.050
Net Profit for the Year		0.300
Expenditures :
	Cost of Goods Sold	7.784
	Administrative Expenses	0.094
	Salaries, Wages, Bonus, etc.	0.263
	Payment to Auditors	0.007
	Interest	0.005
	Depreciation & Amortization	0.091
	Other Expenditure	0.506
Total Expenditure		8.750

KEY RATIOS

PARTICULARS	31.03.2009
Debt Equity Ratio (Total Liability/Networth)	3.87
Current Ratio (Current Asset/Current Liability)	1.67

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. Constructions 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	Yes
12. Profitability for last three years	Yes
13. Reasons for variation <> 20%	------
14. Estimation for coming financial year	Yes
15. Capital in the business	Yes
16. Details of sister concerns	Yes
17. Major suppliers	-----
18. Major customers	Yes
19. Payments terms	Yes
20. Export / Import details	------
21. Market information	-------
22. Litigations that the firm / promoter involved	------
23. Banking Details	Yes
24. Banking facility details	Yes
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	------

BOHRA INDUSTRIES (SUBSIDIARIES)

LALIT BOHRA CAPITAL ACCOUNT AS ON 31.03.2009

Particulars	Rs. in Millions	Particulars	Rs. in Millions
To Drawings	0.072	By Balance Brought Forward	0.678
To LIC Premium	0.086	By Net Profit	0.362
To Income Tax	0.005	By LIC Money Back	0.005
To Advance Tax	0.015	By Cash / Bank	0.150
To Balance Carried Forward	1.017
Total	1.195		1.195

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		1.016
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		0.000
NETWORTH		1.016
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.776
TOTAL BORROWING		0.776
DEFERRED TAX LIABILITIES		0.000
TOTAL		1.792
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.074
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1.886
	Sundry Debtors	0.340
	Cash & Bank Balances	0.202
	Other Current Assets	0.000
	Loans & Advances	0.101
Total Current Assets		2.529
Less : CURRENT LIABILITIES & PROVISIONS
	Current Liabilities	0.791
	Provisions	0.020
Total Current Liabilities		0.811
Net Current Assets		1.718
MISCELLANEOUS EXPENSES		0.000
TOTAL		1.792

BOHRA INDUSTRIES (SUBSIDIARIES)

PROFIT & LOSS ACCOUNT

PARTICULARS		31.03.2009
Sales Turnover		9.821
Other Income		0.060
Total Income		9.881
Net Profit For The Year		0.362
Expenditures :
	Cost of Goods Sold	8.870
	Salaries, Wages, Bonus, etc.	0.201
	Payment to Auditors	0.007
	Depreciation & Amortization	0.015
	Other Expenditure	0.426
Total Expenditure		9.519

KEY RATIOS

PARTICULARS	31.03.2009
Debt Equity Ratio (Total Liability/Networth)	1.56
Current Ratio (Current Asset/Current Liability)	3.12

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. 52.16
UK Pound	1	Rs. 80.64
Euro	1	Rs. 69.42

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	No
--LITIGATION	YES/NO	No
--OTHER ADVERSE INFORMATION	YES/NO	No
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	No
--EXPORT ACTIVITIES	YES/NO	No
--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.