MIRA INFORM REPORT

Report Date :

30.11.2011

IDENTIFICATION DETAILS

Name :	PRECAST INDIA INFRASTRUCTURES PRIVATE LIMITED
Registered Office :	Plot No. 58, S. No. 58, CDSA Campus, Paud Road, Bavdhan Pune – 411021, Maharashtra
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	11.12.2009
Com. Reg. No.:	11-135144
Capital Investment / Paid-up Capital :	Rs.0.500 Million
CIN No.: [Company Identification No.]	U45209PN2009PTC135144
TAN No.: [Tax Deduction & Collection Account No.]	PNEP14231A
PAN No.: [Permanent Account No.]	AAFCP2784C
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Seller of Precast Walls and Slabs.
No. of Employees :	50 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ca (16)

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 :	Recently commence business
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Though the company was incorporated in the year 2009. The company has recently commenced its commercial operations in the year 2011. Trade relations are reported as fair. Business is active. Payments are unknown. The company can be considered for business dealings on a secured trade terms and conditions.

NOTES :

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

ECGC Country Risk Classification List – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
India	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. Dinesh M
Designation :	Accounts Department
Contact No.:	91-9875759654
Date :	28.11.2011

LOCATIONS

Registered Office :	Plot No. 58, S. No. 58, CDSA Campus, Paud Road, Bavdhan Pune – 411021, Maharashtra
Tel. No.:	Not Available
Mobile No.:	91-8975759654 (Mr. Dinesh M)
Fax No.:	Not Available
E-Mail :	dinesh-majithiya@precastindia.co.in sushantphadnis@yahoo.com info@precastindia.co.in
Location :	Owned
Factory :	Located at Vadeboli (In Process)

DIRECTORS

As on 30.09.2010

Name :	Mr. Ajit Vasant Bhate
Designation :	Managing Director
Address :	A 1/20, Kalpataru, Rambag Colony, Navi Peth, Near S.P. College, Pune-411030, Maharashtra, India
Date of Birth/Age :	08.05.1963
Date of Appointment :	12.12.2009
DIN no.:	00087739

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	U45202PN1999PTC014083	Bhate and Raje Construction Company Private Limited	Director	18-10-99	18-10-99	-	Active	NO
2	U73100PN2006PTC129133	Bhate and Raje Research and Development Institute Private Limited	Director	29-09-06	29-09-06	-	Active	NO
3	U29299PN2009PTC134976	Precast Machines and Equipments Private Limited	Director	13-11-09	13-11-09	-	Active	NO
4	U45209PN2009PTC135144	Precast India Infrastructures Private Limited	Managing director	12-12-09	11-12-09	-	Active	NO
5	U45200PN2009PTC135225	MBR Infrastructures Private Limited	Director	30-12-09	30-12-09	-	Active	NO
6	U74900PN2011PTC138539	Precast Architectural and Structural Designs Private Limited	Director	13-02-11	13-02-11	-	Active	NO

Name :	Mr. Jaidee Prasannakumar Raje
Designation :	Director
Address :	27/12 Sagar Society, Pune-Mumbai Road, Wakadewadi, Pune-411003, Maharashtra, India
Date of Birth/Age :	05.09.1962
DIN No.:	00087713

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	U45202PN1999PTC014083	Bhate and Raje Construction Company Private Limited	Director	18-10-99	18-10-99	-	Active	NO
2	U73100PN2006PTC129133	Bhate and Raje Research and Development Institute Private Limited	Director	29-09-06	29-09-06	-	Active	NO
3	U29299PN2009PTC134976	Precast Machines and Equipments Private Limited	Director	13-11-09	13-11-09	-	Active	NO
4	U45209PN2009PTC135144	Precast India Infrastructures Private Limited	Director	11-12-09	11-12-09	-	Active	NO
5	U45200PN2009PTC135225	MBR Infrastructures Private Limited	Director	30-12-09	30-12-09	-	Active	NO
6	U74900PN2011PTC138539	Precast Architectural and Structural Designs Private Limited	Director	13-02-11	13-02-11	-	Active	NO

Name :	Mr. Abhay Jaikumar Chordia
Designation :	Additional Director
Address :	A-901, Forest Castle, S. No. 81, Mundhwa, Near Vrindawan, Pune-411036, Maharashtra, India
Date of Birth/Age :	23.07.1968
Date of Appointment :	12.12.2009
DIN No.:	00055007

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	U45402PN2000PTC133977	Lifestyle Interiors Private Limited	Director	29-08-00	29-08-00	-	Active	NO
2	U74140PN2000PTC139217	A2Z Online Services Private Limited	Director	13-10-05	13-10-05	-	Active	NO
3	U55101PN2006PTC128579	Chordia Hotels Private Limited	Director	12-06-06	12-06-06	-	Active	NO
4	U74900PN2008PTC132373	Abhay Exim Private Limited	Director	04-07-08	04-07-08	-	Active	NO
5	U45209PN2009PTC135144	Precast India Infrastructures Private Limited	Additional director	12-12-09	12-12-09	-	Active	NO

Name :	Mr. Atul Ishwardas Chordia
Designation :	Additional Director
Address :	S No. 37/1, Ghorpadi, Next to A.B.C Farm, Pune-411036, Maharashtra, India
Date of Birth/Age :	13.03.1965
Date of Appointment :	12.12.2009
DIN No.:	00054998

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	U70102PN1982PTC019504	Ashray Premises Private Limited	Director	20-09-86	20-09-86	-	Active	NO
2	U55701PN1991PTC134103	Premsagar Hotels Private Limited	Director	16-10-92	16-10-92	-	Active	NO
3	U70109PN1991PTC062550	Pansy Properties Private Limited	Director	11-08-98	11-08-98	-	Active	NO
4	U70101PN1999PTC014003	Sheshadri Properties Private Limited	Director	20-09-99	20-09-99	-	Active	NO
5	U45201MH2002PTC134900	ICC Realty (India) Private Limited	Managing director	12-02-02	12-02-02	-	Active	NO
6	U45201MH2004PTC143895	Eon Kharadi Infrastructure Private Limited	Managing director	03-05-04	03-05-04	-	Active	NO
7	U74210PN2004PTC140101	Eon Hadapsar Infrastructure Private Limited	Director	01-09-04	01-09-04	-	Active	NO
8	U52190MH2005PTC151597	Aquaris Properties Private Limited	Director	29-10-07	25-02-05	-	Active	NO
9	U67120MH1995PLC086696	AR Venture Funds Management Limited	Director	18-03-05	18-03-05	-	Active	NO
10	U70102PN2005PTC139080	Eon-Hinjewadi Infrastructure Private Limited	Director	03-06-05	03-06-05	-	Active	NO
11	U45200PN2005PTC139812	Panchshil Techpark Private Limited Part Ix	Director	01-07-05	01-07-05	-	Active	NO
12	U72900MH2005PTC156079	Panchshil Corporate Park Private Limited	Director	29-11-05	29-11-05	-	Active	NO
13	U45200MH2005PTC154118	Panchshil Infrastructure Holdings Private Limited	Director	01-04-06	01-04-06	-	Active	NO
14	U70101MH2000PTC128493	Chalez Properties and Investments Private Limited	Director	25-05-06	25-05-06	-	Active	NO
15	U45201MH2006PTC164933	Lohegaon Integrated Township Development Corporation Private Limited	Director	29-09-07	26-09-06	-	Active	NO
16	U72900PN2006PTC134608	P-One Infrastructure Private Limited	Director	10-11-06	10-11-06	-	Active	NO
17	U24239PN1995PTC093669	Hinjewadi Techpark Private Limited	Director	24-09-08	18-11-06	-	Active	NO
18	U45202PN2006PTC129273	Zero G Apartments Private Limited	Director	27-11-06	27-11-06	-	Active	NO
19	U92199MH2005PTC151707	Cybele Paradise Private Limited	Director	21-11-07	15-12-06	-	Active	NO
20	U45201MH2007PTC166663	Wakad Realty Private Limited	Director	03-01-07	03-01-07	-	Active	NO
21	U70200MH2000PTC174911	RVS Hospitality and Development Private Limited	Director	29-09-07	18-01-07	-	Active	NO
22	U45200MH2007PTC170957	Ssilverwoods Properties Private Limited	Director	21-05-07	21-05-07	-	Active	NO
23	U45201MH2007PTC172045	Balewadi Properties Private Limited	Director	28-06-07	28-06-07	-	Active	NO
24	U45203MH2007PTC172115	Panchshil Infrastructure Private Limited	Director	05-07-07	05-07-07	-	Active	NO
25	U62200MH2007PTC173394	Eon Aviation Private Limited	Director	23-08-07	23-08-07	-	Active	NO
26	U70102MH2007PTC175406	Courtyard Properties Private Limited	Director	25-10-07	25-10-07	-	Active	NO
27	U65920MH1997PTC106383	Sportive Financial Services Private Limited	Director	29-10-07	29-10-07	-	Active	NO
28	U51909PN1992PTC134104	Panchshil Overseas Private Limited	Director	29-10-07	29-10-07	-	Active	NO
29	U45200PN2005PTC140334	India Land Infrastructure Development Private Limited	Director	29-09-08	29-10-07	-	Active	NO
30	U45400MH2008PTC178021	Wagholi Properties Private Limited	Director	19-01-08	19-01-08	-	Active	NO
31	U45200MH2008PTC179103	P- Vision Sports Private Limited	Director	19-02-08	19-02-08	-	Active	NO
32	U45201MH2001PTC133961	Pune Infoport Private Limited	Director	30-09-10	28-10-09	-	Active	NO
33	U70100PN1998PTC116299	Fast Fun And Frolic Private Limited	Additional director	07-12-09	07-12-09	-	Strike off	NO
34	U45209PN2009PTC135144	Precast India Infrastructures Private Limited	Additional director	12-12-09	12-12-09	-	Active	NO
35	L34102PN1958PLC011172	Force Motors Limited	Director	25-09-10	23-01-10	-	Active	NO
36	U40106PN2010PTC136770	Panchshil Energy and Power Private Limited	Director	06-07-10	06-07-10	-	Active	NO
37	U45202MH2009PTC195028	Siroya FM Infradevelopment Private Limited	Additional director	20-01-11	20-01-11	-	Active	NO
38	U45200MH2005PTC150876	Laguna Developers Private Limited	Director	08-08-11	14-02-11	-	Active	NO
39	U70100MH2003PTC139307	VRS Developers Private Limited	Director	27-09-11	14-02-11	-	Active	NO
40	U70100MH2000PTC128940	Panchshil Property Management Services Private Limited	Additional director	02-04-11	02-04-11	-	Active	NO

Name :	Mr. Sagar Ishwardas Chordia
Designation :	Additional Director
Address :	O-902, Satellite Towers, Mudhwa Road, S. no. 81/1, Pune-411036, Maharashtra, India
Date of Birth/Age :	05.07.1972
Date of Appointment :	05.05.2010
DIN No.:	00054123

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	U55701PN1991PTC134103	Premsagar Hotels Private Limited	Director	16-10-92	16-10-92	-	Active	NO
2	U45200PN1994PTC133981	Vandit Developers (India) Private Limited	Director	25-01-95	25-01-95	-	Active	NO
3	U51909PN1992PTC134104	Panchshil Overseas Private Limited	Director	17-04-95	17-04-95	-	Active	NO
4	U70100PN1996PTC139098	Multi Storey Properties Private Limited	Director	16-09-96	16-09-96	-	Active	NO
5	U70100PN1998PTC133975	Chamber Properties Private Limited	Director	10-02-00	10-02-00	-	Active	NO
6	U45402PN2000PTC133977	Lifestyle Interiors Private Limited	Director	24-04-00	24-04-00	-	Active	NO
7	U28920PN1998PTC133980	Panchshil Land Lease Private Limited	Director	23-08-00	23-08-00	-	Active	NO
8	U65920PN1996PTC139077	Target Finance Private Limited	Director	25-03-04	25-03-04	-	Active	NO
9	U45201MH2004PTC143895	Eon Kharadi Infrastructure Private Limited	Director	03-05-04	03-05-04	-	Active	NO
10	U70200PN1997PTC105549	Panchshil Real Estate Consultants Private Limited	Director	06-08-04	06-08-04	-	Active	NO
11	U45201PN2004PTC019862	Adarsh Contractors Private Limited	Director	20-10-04	20-10-04	-	Active	NO
12	U45200PN2005PTC140334	India Land Infrastructure Development Private Limited	Director	11-03-05	11-03-05	-	Active	NO
13	U70102PN2005PTC139080	Eon-Hinjewadi Infrastructure Private Limited	Director	03-06-05	03-06-05	-	Active	NO
14	U45200MH2005PTC154118	Panchshil Infrastructure Holdings Private Limited	Director	21-06-05	21-06-05	-	Active	NO
15	U72900MH2005PTC156079	Panchshil Corporate Park Private Limited	Director	29-11-05	29-11-05	-	Active	NO
16	U74210PN2004PTC140101	Eon Hadapsar Infrastructure Private Limited	Managing director	01-04-06	01-04-06	-	Active	NO
17	U70101MH2000PTC128493	Chalez Properties And Investments Private Limited	Director	25-05-06	25-05-06	-	Active	NO
18	U45201MH2006PTC164933	Lohegaon Integrated Township Development Corporation Private Limited	Director	26-09-06	26-09-06	-	Active	NO
19	U72900PN2006PTC134608	P-One Infrastructure Private Limited	Director	10-11-06	10-11-06	-	Active	NO
20	U45202PN2006PTC129273	Zero G Apartments Private Limited	Director	27-11-06	27-11-06	-	Active	NO
21	U85199PN2006PTC129296	Fine and Fit Gymnasium Private Limited	Director	04-12-06	04-12-06	-	Active	NO
22	U45200MH2007PTC170957	Ssilverwoods Properties Private Limited	Director	21-05-07	21-05-07	-	Active	NO
23	U45201MH2007PTC172045	Balewadi Properties Private Limited	Director	28-06-07	28-06-07	-	Active	NO
24	U62200MH2007PTC173394	Eon Aviation Private Limited	Director	23-08-07	23-08-07	-	Active	NO
25	U70102MH2007PTC175406	Courtyard Properties Private Limited	Director	29-09-08	29-10-07	-	Active	NO
26	U45203MH2007PTC172115	Panchshil Infrastructure Private Limited	Director	29-09-08	29-10-07	-	Active	NO
27	U45400MH2008PTC178021	Wagholi Properties Private Limited	Director	19-01-08	19-01-08	-	Active	NO
28	U45200MH2008PTC179103	P- Vision Sports Private Limited	Director	23-09-10	19-02-08	-	Active	NO
29	U70100PN1998PTC116299	Fast Fun and Frolic Private Limited	Director	24-09-08	15-09-08	-	Strike off	NO
30	U45209PN2009PTC135144	Precast India Infrastructures Private Limited	Additional director	05-05-10	05-05-10	-	Active	NO
31	U40106PN2010PTC137304	Solar Hi-Tech Energy Generation Private Limited	Director	09-09-10	09-09-10	-	Active	NO
32	U24239PN1995PTC093669	Hinjewadi Techpark Private Limited	Additional director	02-02-11	02-02-11	-	Active	NO
33	U24220PN2001PTC133995	Chankhed Properties Private Limited	Director	27-09-11	01-03-11	-	Active	NO
34	U70100MH2000PTC128940	Panchshil Property Management Services Private Limited	Additional director	02-04-11	02-04-11	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Dinesh M
Designation :	Accounts Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2010

Names of Shareholders	No. of Shares
Ajit Bhate	500
Jaideep P. Raje	500
A2Z Online Services Private Limited, India	2500
Bhate and Raje Construction Company Private Limited, India	1500
Total	5000

As on 30.09.2010

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Seller of Precast Walls and Slabs.
Imports :
Products :	Machinery
Countries :	Germany
Terms :
Selling :	Cash
Purchasing :	Cash

GENERAL INFORMATION

Customers :

Others (Construction Building)

No. of Employees :

50 (Approximately)

Bankers :

State bank of India, Industrial Finance Branch, Tara Chambers, Mumbai – pune Road, Wakadewadi, Pune - 411003, Maharashtra, India

Facilities :

Unsecured Loan	As on 31.03.2010 (Rs. in Millions)
Loans from Directors and Shareholders
A2Z Online Services Private Limited	10.000
Bhate and Raje Construction Company Private Limited	9.850
Total	19.850

Banking Relations :	--
Auditors :
Name :	Sushant Phadnis and Company Chartered Accountants
Address :	Phadnis Chembers, 2nd Lane Shahupuri, Kolhapur – 416001, Maharashtra, India
PAN.:	ABLPP1725D

CAPITAL STRUCTURE

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
5000	Equity Shares	Rs.100/- each	Rs.0.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
5000	Equity Shares	Rs.100/- each	Rs.0.500 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		0.500
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		0.000
NETWORTH		0.500
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		19.850
TOTAL BORROWING		19.850
DEFERRED TAX LIABILITIES
TOTAL		20.350
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.000
Capital work-in-progress		6.631
INVESTMENT		12.500
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	0.000
	Cash & Bank Balances	1.429
	Other Current Assets	0.000
	Loans & Advances	0.014
Total Current Assets		1.443
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.479
	Other Current Liabilities	0.000
	Provisions	0.000
Total Current Liabilities		0.479
Net Current Assets		0.964
MISCELLANEOUS EXPENSES		0.255
TOTAL		20.350

Expected Sales (2011-2012) : Rs.500.000 Millions

The above information has been parted by Mr. Dinesh M.

KEY RATIOS

PARTICULARS	31.03.2010
Debt Equity Ratio (Total Liability/Networth)	40.66
Current Ratio (Current Asset/Current Liability)	3.01

LOCAL AGENCY FURTHER INFORMATION

DETAILS OF SUNDRY CREDITORS:

(Rs. In Millions)

Particulars	31.03.2010
Sundry Creditors
- Micro, Small and Medium Enterprises	0.000
- Other	0.479
Total	0.479

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	No
12) Profitability for last three years	No
13) Reasons for variation <> 20%	No
14) Estimation for coming financial year	Yes
15) Capital in the business	Yes
16) Details of sister concerns	No
17) Major suppliers	No
18) Major customers	No
19) Payments terms	Yes
20) Export / Import details (if applicable)	Yes
21) Market information	--
22) Litigations that the firm / promoter	--
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	--

OPERATIONAL REVIEW:

The company has formed on 11^th December 2009 and the company is in the process of set up of its factory at Vadeboli and as such there is no commencement of any commercial operation during the year.

FORM 8:

Corporate identity number of the company	U45209PN2009PTC135144
Name of the company	PRECAST INDIA INFRASTRUCTURES PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	Plot No. 58, S. No. 58, CDSA Campus, Paud Road, Bavdhan Pune – 411021, Maharashtra E-Mail : sushantphadnis@yahoo.com
This form is for	Creation of charge
Type of charge	Book debts Movable property (not being pledge)
Particular of charge holder	State bank of India, Industrial Finance Branch, Tara Chambers, Mumbai – pune Road, Wakadewadi, Pune - 411003, Maharashtra, India E-mail : sbi.08966@sbi.co.in
Nature of instrument creating charge	1. Agreement of loan for overall limit 2. Agreement of hypothecation of goods and assets 3. Letter regarding grant of individual limits within the overall limit
Date of instrument Creating the charge	28.03.2011
Amount secured by the charge	Rs.580.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest CC: @ 3% above Base Rate i.e.11.25% p.a. with monthly rests (Present Base Rate is 8.25%). BG/ LC: Commission as per Agreement. or as may be prescribed by the Bank from time to time. Terms of repayment As per agreement. Margin Raw Materials: 25% Work-in-Process: 40% Finished Goods: 35% Book Debts/ Receivables (90 days): 25% LC/ BG: 25% Extent and operation of the charge Credit facilities: CC of Rs.150.000 Millions, TL of Rs.350.000 Millions, LC of Rs.50.000 Millions, BG of Rs.30.000 Millions, making the total credit to the tune of Rs.580.000 Millions 1st Charge on all stock of materials including WIP and finished goods, all Book Debts and all movable and fixed assets i.e. Plant and Machineries. Others The Charge shall continue till full repayment of the loan amount. All other terms and conditions are as per the agreement. Total Credit facilities of Rs.580.000 Millions are backed by Corporate Guarantee provided of M/s. Zero G Apartments Private Limited.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	First Charge by way of hypothecation of all present and future Stock of raw materials, work in process and finished goods, all book debts and all other movable assets including document of title to goods, outstanding monies and receivables of the Company and First Charge on all fixed assets i.e. Plant and Machineries of the Company.

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.51.93
UK Pound	1	Rs.80.62
Euro	1	Rs.69.37

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILIRY	1~10	-
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	2
--RESERVES	1~10	-
--CREDIT LINES	1~10	2
--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	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		16

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.