MIRA INFORM REPORT

Report Date :

04.10.2011

IDENTIFICATION DETAILS

Name :	KAYBEE INDUSTRIAL ALLOY (PRIVATE) LIMITED

Registered Office :	8, Bentinck Street, Mezzanine Floor, Kolkata – 700 001, West Bengal

Country :	India

Financials (as on) :	31.03.2010

Date of Incorporation :	03.05.1988

Com. Reg. No.:	21-044318

Capital Investment / Paid-up Capital :	Rs.13.814 Millions

CIN No.: [Company Identification No.]	U27109WB1988PTC044318

TAN No.: [Tax Deduction and Collection Account No.]	CALK01256D

Legal Form :	Private Limited Liability Company

Line of Business :	Trader of Sponge Iron and Ferro Alloys.

No. of Employees :	Not Available

RATING and 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 1325000

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 – April 1, 2010

Country Name

Previous Rating

(31.12.2009)

Current Rating

(01.04.2010)

India

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

LOCATIONS

Registered/ Head Office :	8, Bentinck Street, Mezzanine Floor, Kolkata – 700 001, West Bengal, India
Tel. No.:	91-33-22103032
E-Mail :	kaybeeca@vsnl.com

Corporate Office :	33, C.R. Avenue, Kolkata-700017, West Benagal, India
Tel. No.:	91-33-40009400-418
Fax No.:	91-33-40009419
E-Mail :	info@kaybee-group.co.in vinodsmahipal@kaybeealloys.com vijay.mahipal@kaybee-group.co.in manoj.mahipal@kaybeealloys.com pawan.mahipal@kaybeealloys.com

Bangalore Office :	KMT -2, 19^th K M Tumkur Road, Madanayakanahalli, Opposite Swami Petrol Pump, Bangalore – 562 123, India.
Tel. No.:	91-80-23715579
Fax No.:	91-80-23715579

Ahmedabad Office :	Raghuvir Estate -2, Godown No. 16, Near Tirupati Estate, Aslali, N H :8, Ahmedabad – 382 427, Gujarat, India
Tel. No.:	91-79-64199529
Fax No.:	91-79-64199529
E-Mail :	ahmedabad@kaybee-group.com

Mumbai Office:	314, Ashirwad, Ahmedabad Street, Mumbai – 400 009, Maharashtra, India.
Tel. No.:	91-22-56370484 / 23729499
Fax No.:	91-22-23751733
E-Mail :	mumbai@kaybee-group.com

Raipur Office:	Prakash Complex, Godown No. 8, Near Vyas Talab, Bhanpuri, Birgaon Raipur, Chattisgarh – 493 221, India.
Tel. No.:	91-771-4091697 / 4091656
Fax No.:	91-771-4091656
E-Mail :	raipur@kaybee-group.com

DIRECTORS

AS ON 30.09.2010

Name :	Mr. Vinod Mahipal
Designation :	Managing Director
Address :	P 198, Block A, Lake Town, Kolkata-700089, West Bengal, India
Date of Birth/Age :	26.02.1967
Date of Appointment :	03.05.1988
DIN No.:	00840580

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	U27109WB1988PTC044318	Kaybee Industrial Alloys Private Limited.	Managing director	3/5/1988	3/5/1988	-	Active	NO
2	U27106WB1988PTC045060	Industrial Alloys India Private. Limited.	Director	29/08/1988	29/08/1988	-	Active	NO
3	U27109WB1995PLC074000	Sunrise Steels And Alloy Limited.	Director	5/9/1995	5/9/1995	-	Active	NO
4	U27100WB2007PTC115096	Kaybee Alloys Private Limited	Director	10/4/2007	10/4/2007	-	Active	NO
5	U27100WB2008PTC129320	Kay Bee Ferro- Alloys Private Limited	Director	12/9/2008	12/9/2008	-	Active	NO
6	U72200WB2010PTC143527	Vpm Infocom Private Limited	Director	13/03/2010	13/03/2010	-	Active	NO
7	U45400WB2010PTC145135	Ibm Infrastructure Private Limited	Director	12/4/2010	12/4/2010	-	Active	NO

Name :	Mr. Vijay Mahipal
Designation :	Director
Address :	P 198, Block A, Lake Town, Kolkata-700089, West Bengal, India
Date of Birth/Age :	02.11.1970
Date of Appointment :	21.12.2002
DIN No.:	00840591

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	U27109WB1995PLC074000	Sunrise Steels and Alloy Limited	Director	5/9/1995	5/9/1995	-	Active	NO
2	U27106WB1988PTC045060	Industrial Alloys (India) Private. Limited	Director	16/01/1998	16/01/1998	-	Active	NO
3	U27109WB1988PTC044318	KAYBEE INDUSTRIAL ALLOYS (Private) Limited.	Director	21/12/2002	21/12/2002	22/08/2011	Active	NO
4	U27100WB2007PTC115096	Kaybee Alloys Private Limited	Director	10/4/2007	10/4/2007	-	Active	NO
5	U27100WB2008PTC129320	Kay Bee Ferro- Alloys Private Limited	Director	12/9/2008	12/9/2008	-	Active	NO
6	U27310MH2011PTC214810	Kay Bee Foundry Services Private Limited	Director	15/03/2011	15/03/2011	-	Active	NO

Name :	Mr. Manoj Mahipal
Designation :	Director
Address :	P 198, Block A, Lake Town, Kolkata-700089, West Bengal, India
Date of Birth/Age :	17.09.1972
Date of Appointment :	01.08.1997
DIN No.:	00840608

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	U27109WB1988PTC044318	Kaybee Industrial Alloys (Private) Limited.	Director	1/8/1997	1/8/1997	-	Active	NO
2	U27100WB2007PTC115096	Kaybee Alloys Private Limited	Director	10/4/2007	10/4/2007	-	Active	NO
3	U27100WB2008PTC129320	Kay Bee Ferro- Alloys Private Limited	Director	12/9/2008	12/9/2008	-	Active	NO
4	U72200WB2010PTC143527	Vpm Infocom Private Limited	Director	13/03/2010	13/03/2010	-	Active	NO
5	U45400WB2010PTC145135	Ibm Infrastructure Private Limited	Director	12/4/2010	12/4/2010	-	Active	NO

Name :	Mr. Pawan Mahipal
Designation :	Director
Address :	P 198, Block A, Lake Town, Kolkata-700089, West Bengal, India
Date of Birth/Age :	01.07.1975
Date of Appointment :	01.04.2002
DIN No.:	01291810

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	U27109WB1995PLC074000	Sunrise Steels and Alloy Limited.	Director	5/9/1995	5/9/1995	-	Active	NO
2	U27109WB1988PTC044318	Kaybee Industrial Alloys (Private) Limited.	Director	1/4/2002	1/4/2002	-	Active	NO
3	U27100WB2007PTC115096	Kaybee Alloys Private Limited	Director	10/4/2007	10/4/2007	-	Active	NO
4	U27100WB2008PTC129320	Kay Bee Ferro- Alloys Private Limited	Director	12/9/2008	12/9/2008	-	Active	NO
5	U72200WB2010PTC143527	Vpm Infocom Private Limited	Director	13/03/2010	13/03/2010	-	Active	NO
6	U45400WB2010PTC145135	Ibm Infrastructure Private Limited	Director	12/4/2010	12/4/2010	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 31.03.2010

Names of Shareholders	No. of Shares
Kishan Lal Mahipal	43200
Vinod Mahipal	153100
Harish Agarwal	23000
Rajendra Kumar Agarwal	40500
Indramani Devi Agarwal (As Partner of Indsutrial Alloys)	10000
Indramani Devi Mahipal	10000
Vijay Mahipal	48650
Rita Mahipal	57500
Manoj Mahipal	38000
Pawan Mahipal	53000
K. L. Mahipal and Sons(HUF)	6000
Hari Om Goel	11500
Jay Resources Private Limited	25000
Ajay Kumar Agarwal	10000
Kazi Aniauz Zaman	54000
P. T. Investment Private Limited, India	8000
I B M Infrastructure Private Limited	51945
Kay Bee Alloys Private Limited, India	199000
Industrial Alloys (India) Private Limited	203900
V P M Infocom Private Limited	46800
Kay Bee Ferro Alloys Private Limited	204400
Sweta Holdings Private Limited, India	34000
Rajmahidir Estate Private Limited, India	10000
Jugantar Mercantiles Private Limited, India	10000
Vanraj Merchants Private Limited, India	10000
Maple Merchantile Private Limited, India	10000
Dhanvanti Commodities Private Limited, India	10000
Total	1381495

AS ON 31.03.2010

Equity Share Breakup

Category	Percentage
Bodies corporate	66.34
Directors or relatives of Directors	33.66
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader of Sponge Iron and Ferro Alloys.

No. of Employees :	Not Available

GENERAL INFORMATION

Bankers :

· Corporation Bank, Dharmatalla Branch, 8, Lenin Sarani, Kolkata – 700 013, West Bengal, India

· Canara Bank

· Punjab National Bank

· ICICI Bank

· HDFC bank

· United Bank of India

· ING VYSYA Bank Limited

· HSBC Bank

· Syndicate Bank

· The Kapol Co- Oprerative Bank, Mumbai, Maharashtra, India.

· State Bank of Bikaner and Jaipur.

· State Bank of India.

· Yes Bank

Facilities :

Secured Loan	Rs. In Millions 31.03.2010	Rs. In Millions 31.03.2009
Corporation Bank CC A/C	16.701	3.112
Corporation Bank PCL	7.500	0.000
B/E Under L/C	59.992	0.000

Total	84.193	3.112

Unsecured Loan	Rs. In Millions 31.03.2010	Rs. In Millions 31.03.2009
Acoustic commercial Private Limited	1.849	1.688
Corus Commercial Private Limited	2.190	2.000
C. P. L. Securities Private Limited	5.361	4.894
Divine Banijya private Limited	0.563	0.514
H. G. Investment and Enterprises Private Limited	-	0.080
IFB Securities Limited	1.071	0.978
Kidwelly Mercantile Private Limited	1.163	1.062
K. L. Mahipal and Sons (HUF)	1.728	1.560
K. L. Mahipal	1.125	1.027
Lopax Marketing Private Limited	0.563	0.514
Loyal Merchants Private Limited	0.369	0.333
Manoj Mahipal and Sons (HUF)	-	1.592
K. L. Mahipal	-	3.592
Indram. Mahipal	4.705	0.159
Meghna Mahipal	-	0.159
Vijay Mahipal	2.304	2.080
Industrial Alloys	13.175	12.142
Kay Bee Marketing Consultant	0.142	0.128
Nilgiri Traders Private Limited	0.018	0.018
Pawan Mahipal And Sons (HUF)	0.369	0.333
Princ Villa Estate Private Limited	0.027	0.027
P T Investment Private Limited	4.199	3.833
Redico Vanijya Private Limited	0.439	0.400
Rng Funlease Private Limited	2.738	2.500
Sarvodaya Beopar Limited	1.095	1.000
Shimmer Commerce Private Limited	0.563	0.514
Stylish Vyapaar Private Limited	0.562	0.513
Synox Marketing Private Limited	1.643	1.500
Tycoon Distribution Private Limited	0.450	0.411
Umang Vanijya Private Limited	1.736	1.585
Vijay Mahipal And Sons (Huf)	0.370	0.334
Vinod Mahipal And Sons (Huf)	0.320	0.334
Yash Delcom Private Limited	1.643	1.521
Total	52.481	49.169

Banking Relations :	--

Auditors :
Name :	Keshri and Associates Chartered Accountant
Address :	50, Weston street, Kolkata-700012, West Bengal, India
PAN No:	AETPK7715F

CAPITAL STRUCTURE

AS ON 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount

2000000	Equity Shares	Rs.10/- each	Rs. 20.000 Millions

Issued, Subscribed and Paid-up Capital :

No. of Shares	Type	Value	Amount

1381495	Equity Shares	Rs.10/- each	Rs.13.815 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		13.815	12.895	12.895
2] Share Application Money		0.000	4.790	0.000
3] Reserves and Surplus		317.528	234.404	102.563
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		331.343	252.089	115.458
LOAN FUNDS
1] Secured Loans		84.193	3.112	94.232
2] Unsecured Loans		52.481	49.169	35.727
TOTAL BORROWING		136.674	52.281	129.959
DEFERRED TAX LIABILITIES		0.000	0.000	0.000

TOTAL		468.017	304.370	245.417

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		6.398	5.017	4.376
Capital work-in-progress/Capital Expenditure Pending Allocation		0.069	0.069	0.069

INVESTMENT		7.253	8.554	1.155
DEFERREX TAX ASSETS		0.135	0.091	0.044

CURRENT ASSETS, LOANS and ADVANCES
	Inventories	126.537	82.773	172.802
	Sundry Debtors	170.745	241.981	149.073
	Cash and Bank Balances	43.160	63.325	18.289
	Other Current Assets	0.000	0.000	0.000
	Loans and Advances	248.616	115.502	59.984
Total Current Assets		589.058	503.581	400.148
Less : CURRENT LIABILITIES and PROVISIONS
	Sundry Creditors	54.770	104.522	104.905
	Other Current Liabilities	38.301	36.782	34.865
	Provisions	41.852	71.667	20.638
Total Current Liabilities		134.923	212.971	160.408
Net Current Assets		454.135	290.610	239.740

MISCELLANEOUS EXPENSES		0.027	0.030	0.034

TOTAL		468.017	304.370	245.417

PROFIT and LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	1761.688	NA	1534.987
		Other Income		NA
		TOTAL	1761.688	NA	1534.987

Less	EXPENSES
		Office Expenses
		Administrative Expenses	1640.286	NA	1474.804
		Advertising Expenses
		TOTAL	1640.286	NA	1474.804

	PROFIT BEFORE TAX		121.402	204.257	60.183

Less	TAX		41.959	72.415	21.899

	PROFIT AFTER TAX		79.443	131.842	38.284

	BALANCE CARRIED TO THE B/S		52.268	72.825	60.983

	Earnings Per Share (Rs.)		57.50	102.24	16.98

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	4.51	NA	7.16

Return on Total Assets (PBT/Total Assets}	(%)	20.39	40.16	14.88

Return on Investment (ROI) (PBT/Networth)		0.37	0.81	0.52

Debt Equity Ratio (Total Liability/Networth)		0.81	1.05	2.51

Current Ratio (Current Asset/Current Liability)		4.36	2.36	2.49

LOCAL AGENCY FURTHER INFORMATION

FORM 8

Corporate identity number of the company

U27109WB1988PTC044318

Name of the company

KAYBEE INDUSTRIAL ALLOYS (PRIVATE) LIMITED

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

8, Bentinck Street (Taher Mansion), Kolkata – 700 001, West Bengal, India.

Email: kaybeeca@vsnl.com

This form is for

Modification of Charge

Type of charge

Immovable property

Book debts

Movable property (not being pledge)

Floating charge

Others

Particular of charge holder

Name :	Corporation Bank
Address :	Dharmatalla Branch, 8, Lenin Sarani, Kolkata – 700 013, west Bengal, India
Email :	cb152@corpbank.co.in

Nature of instrument creating charge

Common deed of hypothecation of movable/assets/debts

Guarantee agreement

Continuity letter

Date of instrument Creating the charge

24.09.2009

Amount secured by the charge

Rs.538.000 Millions

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

Rate of interest

Cash Credit: COBAR+0.25% i.e., 12.25% p.a. at present subject to revision from time to time. Rate of interest applicable to other limits are specified in credit sanction intimation

Terms of Repayment

Working capital limits is repayable on demand

Margin

As stipulated by the bank for the respective assets from time to time

Cash Credit

Stock 25%

Book debts- 40%

PCL/PCFC: 10% on FOB Value

Bank Guarantee (Cash Margin) : 25% (Existing)

Inland/Import LC (Cash Margin): Inland/Import LC 10% (Reduction from 20%)

SBLC : 20%

Extent and Operation of the charge

The charge operates as first charge basis on the whole of the hypothecated current assets and movable fixed assets of the company both present and future and mortgage properties of the company to secure the maximum amount under the said charge fixed at Rs. 538.000 Millions together with interest, costs and charges thereon.

Others

The borrower shall not do or allow anything which may prejudice the security and shall comply with the terms and conditions of the agreements.

The overall limit is also secured by corporate guarantee of Industrial Alloys (India) Private Limited

Short particulars of the property charged (Including location of the property)

Hypothecation of raw materials, stocks-in-process, finished goods and receivable
Hypothecation of all movable fixed assets(excluding vehicle and land and building) of the company

· Land admeasuring about 33 cottah 14 ch sft. 900 sq. ft. situated at Holding No. 7, T N Mukherjee Road, Mouza Uttarpara, P.S. Uttarpara, Word No. 07 District Hooghly in the state of west Bengal.

Date of instrument modifying the charge

25.04.2008

Particulars of the present modification

By this modification, the overall limit is enhanced from Rs. 388.000 millions to Rs. 538.000 Millions as stated under

Cash Credit- Rs. 20.000 Millions

PCL/PCFC- Rs. 40.000 Millions

FDBN/FDBP – Rs. 55.000 Millions

BE under LC- Rs. 25.000 Millions

Bank Guarantee Rs. 3.000 Millions

Inland/Import LC- Rs. 150.000 Millions

Forward Sale Contract – Rs. 150.000 Millions

Forward Purchase Contract – Rs. 95.000 Millions

Overall Limite – Rs. 538.000 Millions

FIXED ASSETS :

Land
Plant and Machinery
Electrical Installation
Furnace
Factory Shed
Furniture and Fixture
Typewriter
Office Equipment
Magnetic Seperator
Computer
Fax Machine
Motor Car
Air Conditioners
Generator
H P Motor
Coffee Machine
Refrigerator

CMT REPORT (Corruption, Money Laundering and 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.49.42
UK Pound	1	Rs.76.72
Euro	1	Rs.65.85

SCORE and 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	NO
--AFFILIATION	YES/NO	NO
--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 and 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.

MIRA INFORM REPORT

126.537

82.773

170.745

241.981

43.160

63.325

0.000

0.000

248.616

115.502

589.058

54.770

38.301

41.852

134.923

454.135

4.51

20.39

0.37

0.81

0.81

1.05

4.36

2.36

Unit