1. Summary Information

		Country	India
Company Name	SG Enterprises and Equipments Private Limited	Principal Name 1	Mr. Sourabh Tyagi
Status	Satisfactory	Principal Name 2	Mr. Gaurav Gupta
		Registration #	09-193033
Street Address	House No.139, 1^st Floor, Holambi Kalan, New Delhi- 110082, India
Established Date	10.08.2009	SIC Code	--
Telephone#	--	Business Style 1	Trader
Fax #	--	Business Style 2	Exporter
Homepage	http://www.sgenterprises.in	Product Name 1	Construction Machinery
# of employees	18 (Approximately)	Product Name 2	--
Paid up capital	Rs.1,00,000/-	Product Name 3	--
Shareholders	Directors or relatives of directors (100 %)	Banking	Axis Bank Limited
Public Limited Corp.	No	Business Period	2 years
IPO	No	International Ins.	--
Public Enterprise	No	Rating	Ba (45)
Related Company
Relation	Country	Company Name	CEO
Group Company	--	SG Enterprises and Machinery Private Limited	--
Note	--

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	8,517,000	Current Liabilities	12,620,000
Inventories	8,083,000	Long-term Liabilities	2,181,000
Fixed Assets	2,505,000	Other Liabilities	619,000
Deferred Assets	20,000	Total Liabilities	15,420,000
Invest& other Assets	30,000	Retained Earnings	2,635,000
		Net Worth	3,735,000
Total Assets	19,155,000	Total Liab. & Equity	19,155,000
Total Assets (Previous Year)	5,121,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	67,313,000	Net Profit	2,221,000
Sales(Previous yr)	13,406,000	Net Profit(Prev.yr)	414,000

MIRA INFORM REPORT

Report Date :

18.10.2011

IDENTIFICATION DETAILS

Name :	SG ENTERPRISES AND EQUIPMENTS PRIVATE LIMITED
Registered Office :	House No.139, 1^st Floor, Holambi Kalan, New Delhi – 110082
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	10.08.2009
Com. Reg. No.:	09-193033
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U51909DL2009PTC193033
Legal Form :	Private Limited Liability Company.
Line of Business :	Trader, Importer and Exporter of Construction Machinery.
No. of Employees :	18 (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 15000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is a relatively new company having satisfactory track. The company is progressing well. 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

LOCATIONS

Registered Office :	House No.139, 1^st Floor, Holambi Kalan, New Delhi- 110082, India
Mobile No.:	91-9811065433 (Mr. Sourabh)
E-Mail :	vdhingra1231@gmail.com sourabh@sgenterprises.in info@sgenterprises.in
Website :	http://www.sgenterprises.in
Area :	1800 Sq. ft
Location :	Owned
Corporate Office :	B 121, Plot No. B-9/ 7A, Sector- 62, Noida, Uttar Pradesh, India
Tel. No.:	91-120-6482685/ 4283850
Fax No.:	91-120-4542240
Area :	1300 Sq. ft
Location :	Owned
Branch Office :	Located at: · Kolkata · Raipur · Pune · Jaipur · Mumbai

DIRECTORS

(AS ON 15.09.2011)

Name :

Mr. Sourabh Tyagi

Designation :

Director

Address :

Flat No. 121, Block B 1, Neelkanth Apartment, Sector 62, Near Fortis Hospital, Noida – 201301, Uttar Pradesh, India

Date of Birth/Age :

26.01.1978

Qualification :

Engineer, MBA

Date of Appointment :

10.08.2009

DIN No.:

02724759

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U51909DL2009PTC193033	SG ENTERPRISES AND EQUIPMENTS PRIVATE LIMITED	Director	10-08-09	10-08-09	Active	NO
2	U71210DL2011PTC216081	SG ENTERPRISES AND MACHINERY PRIVATE LIMITED	Director	17-03-11	17-03-11	Active	NO

Name :

Mr. Gaurav Gupta

Designation :

Director

Address :

First Floor, B- 173, Sector 41, Noida- 201301, Uttar Pradesh, India

Date of Birth/Age :

01.07.1984

Qualification :

Engineer, MBA

Date of Appointment :

10.08.2009

DIN No.:

02726211

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U51909DL2009PTC193033	SG ENTERPRISES AND EQUIPMENTS PRIVATE LIMITED	Director	10-08-09	10-08-09	Active	NO
2	U45200DL2010PTC207330	NG CONTRACTORS AND EQUIPMENTS PRIVATE LIMITED	Director	19-08-10	19-08-10	Active	NO

Name :

Ms. Bharti Tyagi

Designation :

Director

Address :

B-121, Plot No. B-9/ 7 A, Neelkanth Apartment, Sector 62, Noida – 201301, Uttar Pradesh, India

Date of Birth/Age :

01.07.1970

Qualification :

Lawyer

Date of Appointment :

10.08.2009

DIN No.:

02724799

Name :

Mrs. Sudha Rani Tyagi

Designation :

Director

Address :

B- 121, Plot No. B-9/ 7 A, Neelkanth Apartment, Sector 62, Noida – 201301, Uttar Pradesh, India

Date of Birth/Age :

31.05.1943

Qualification :

MA

Date of Appointment :

10.08.2009

DIN No.:

02726105

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 15.09.2011)

Names of Shareholders	No. of Shares
Sourabh Tyagi	5100
Gaurav Gupta	10
Bharti Tyagi	1000
Sudha Rani Tyagi	3890
Total	10000

(AS ON 30.09.2011)

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Trader, Importer and Exporter of Construction Machinery.

GENERAL INFORMATION

Suppliers :

· AVI Marketing

· Everdigm Corp

· Hidsoft Technology Private Limited

· Everfast Frieght Forwarders Private Limited

· Technow Earthmoving Services

· Advance Quarrytech Engineers Private Limited

· Sheetal Transport Company

· Hydrotek Engineers

· Narayani Excavator and Contractors Private Limited

· Abir Infrastructure Private Limited

· Triveni Industries

Customers :

· Larsen and Toubro Limited

· Steel Authority of India (Sail)

· Lighton Contractors India Limited

· Orissa Sponge Iron and Steel Limited

· Abir Infrastructure Limited

· Bumi Geo Engineering Limited

· Raipur Power and Steel Limited

· Costal Projects Limited

· Prakash Asphaltings and Toll   

· Highways Limited (Path)

· Continental Minerals Private Limited

· Fortune Source Infratech Private Limited, Jaipur, Rajasthan

· Ghanaram Engineers and Contractors Private Limited

· Sheetal Transport Company Limited

· Modi Lavigated and Keolin Private Limited

· Advance Querrytech Private Limited

· Great Granite Private Limited

· Best Chemical Private Limited

· Chevron Minerals Private Limited

· TR Ispat and Power Private Limited

· ERA Infra Engineering Limited

· Hindalco Industries Limited

No. of Employees :

18 (Approximately)

Bankers :

· Axis Bank Limited

East of Kailash Branch, India

Facilities :

Secured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)
Car Loan	1.204	0.441
Total	1.204	0.441
Unsecured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)
Loan From Director-Sourabh Tyagi	0.777	1.077
Loan From Director –Sudha Rani Tyagi	0.200	0.200
Total	0.977	1.277

Banking Relations :	--
Auditors :
Name :	Dhingra and Juneja (Mr. Vikas Dhingra) Chartered Accountants
Address :	13/82, LGF, Vikram Vihar, Lajpat Nagar-IV, New Delhi – 110024, India
PAN No.:	AADFD5151E
Ground Company :	· SG Enterprises and Machinery Private Limited

CAPITAL STRUCTURE

(AS ON 15.09.2011)

Authorised Capital :

No. of Shares	Type	Value	Amount
100000	Equity Share	Rs.10/- each	Rs.1.000 Million

Issued, Subscribed & Paid-up Capital :

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

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		0.100	0.100
2] Share Application Money		1.000	0.000
3] Reserves & Surplus		2.635	0.414
4] (Accumulated Losses)		0.000	0.000
NETWORTH		3.735	0.514
LOAN FUNDS
1] Secured Loans		1.204	0.441
2] Unsecured Loans		0.977	1.277
TOTAL BORROWING		2.181	1.718
DEFERRED TAX LIABILITIES		0.000	0.034
TOTAL		5.916	2.266
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		2.505	1.199
Capital work-in-progress		0.000	0.000
INVESTMENT		0.000	0.000
DEFERREX TAX ASSETS		0.020	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	8.083	1.814
	Sundry Debtors	5.361	1.361
	Cash & Bank Balances	2.410	0.533
	Other Current Assets	0.000	0.000
	Loans, Advances & Deposits	0.746	0.174
Total Current Assets		16.600	3.882
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	12.205	1.532
	Other Current Liabilities	0.415	0.240
	Provisions	0.619	1.083
Total Current Liabilities		13.239	2.855
Net Current Assets		3.361	1.027
MISCELLANEOUS EXPENSES		0.030	0.040
TOTAL		5.916	2.266

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010
	SALES
		Income	67.313	13.406
		Other Income	0.050	0.005
		TOTAL (A)	67.363	13.411
Less	EXPENSES
		Cost of Goods Sold	52.130	9.792
		Personnel Expenses	4.205	1.547
		Administrative and Other Expenses	7.796	1.287
		Preliminary Expenses	0.010	0.010
		TOTAL (B)	64.141	12.636
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		3.222	0.775
Less	FINANCIAL EXPENSES (D)		0.155	0.054
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		3.067	0.721
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.659	0.122
	PROFIT BEFORE TAX (E-F) (G)		2.408	0.599
Less	TAX (H)		0.187	0.185
	PROFIT AFTER TAX (G-H) (I)		2.221	0.414
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		2.221	0.414
Less	APPROPRIATIONS
		Transfer to General Reserve	2.221	0.414
	BALANCE CARRIED TO THE B/S		2.221	0.414
	Earnings Per Share (Rs.)		222.10	41.40

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010
PAT / Total Income	(%)	3.30	3.09
Net Profit Margin (PBT/Sales)	(%)	3.58	4.47
Return on Total Assets (PBT/Total Assets}	(%)	12.60	11.79
Return on Investment (ROI) (PBT/Networth)		0.64	1.17
Debt Equity Ratio (Total Liability/Networth)		4.13	8.90
Current Ratio (Current Asset/Current Liability)		1.25	1.36

LOCAL AGENCY FURTHER INFORMATION

NOTE:

The firm was a Partnership Concern in 2008 than it has been changed to Private Limited in August, 2009.

FINANCIAL RESULTS

The financial results of the company for the period ended 31st March 2011 are as under:

This is the 2nd year of the Company. The Company has in Profit Rs.2.408 Millions during the year. The directors are however confident that the business prospects of the Company are very bright in the coming year, there will be a substantial improvement in the company business.

FIXED ASSETS

· Mobile Phones

· Computers

· Furniture and Fixtures

· Air Conditioner

· Office Equipments

· Vehicle

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.49.07
UK Pound	1	Rs.77.42
Euro	1	Rs.67.72

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	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.