MIRA INFORM REPORT

Report Date :

22.10.2011

IDENTIFICATION DETAILS

Name :	BON MART INTERNATIONAL LIMITED

Registered Office :	C-66, Friends Colony (East), New Delhi – 110065

Country :	India

Financials (as on) :	31.03.2011

Date of Incorporation :	10.03.1998

Com. Reg. No.:	55-092663

Capital Investment / Paid-up Capital :	Rs.3.554 Millions

CIN No.: [Company Identification No.]	U18101DL1998PLC092663

TAN No.: [Tax Deduction & Collection Account No.]	DELB06377A

PAN No.: [Permanent Account No.]	AAACB4937G

Legal Form :	A Closely Held Public Limited Liability Company

Line of Business :	Trader of Cotton and Blended Fabrics for Garment Industries.

No. of Employees :	12 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

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. However, it would be take advisable securities while dealing with the subject.

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

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. Rakesh Bansal
Designation :	Managing Director
Contact No.:	91-9810224107

Name :	Mr. G. P. Kesarwani
Designation :	Manager – Accounts
Contact No.:	91-9811253276
Date :	20.10.2011

LOCATIONS

Registered Office :	C-66, Friends Colony (East), New Delhi – 110065, India
Tel. No.:	91-11-22070508/ 22070530/ 2270538/ 26914176/ 26920908
Mobile No.:	91-9810224107 (Mr. Rakesh Bansal) 91-9811253276 (Mr. G. P. Kesarwani)
Fax No.:	91-11-22070518/ 26321134
E-Mail :	bonmartashima@hotmail.com

Branch Office :	9/34, Shyam Block, Main Pushta Road, Kailash Nagar, Delhi – 110031, India
Tel. No.:	91-11-22070508/ 22070530
Fax No.:	91-11-22070518
Area :	2100 sq. ft.
Location :	Leased

DIRECTORS

(AS ON 31.03.2011)

Name :

Mr. Rakesh Bansal

Designation :

Managing Director

Address :

C-66, Friends Colony East, New Delhi – 110065, India

Date of Birth/Age :

17.09.1959

Qualification :

Graduate in Commerce

Experience :

32 years

Date of Appointment :

11.03.1998

DIN No.:

00245712

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	U18101DL1998PLC092663	BON MART INTERNATIONAL LIMITED	Managing director	01-04-09	11-03-98	Active	NO
2	U17211DL1999PLC100557	RATTAN INDUSTRIES LIMITED	Director	06-07-99	06-07-99	Active	NO
3	U17299DL2006PTC145903	C R COTTON INDIA PRIVATE LIMITED	Director	06-02-06	06-02-06	Active	NO

Name :

Mr. Saneh Prakash Bansal

Designation :

Director

Address :

C-66, Friends Colony East, New Delhi – 110065, India

Date of Birth/Age :

21.09.1955

Qualification :

Graduate in Commerce

Experience :

37 years

Date of Appointment :

11.03.1998

DIN No.:

00245900

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	U92411DL1909PLC000407	THE DELHI AND DISTRICT CRICKET ASSOCIATION LIMITED	Director	30-12-89	30-12-89	Active	NO
2	U18101DL1998PLC092663	BON MART INTERNATIONAL LIMITED	Managing director	01-04-09	11-03-98	Active	NO
3	U17211DL1999PLC100557	RATTAN INDUSTRIES LIMITED	Director	06-07-99	06-07-99	Active	NO

Name :

Mr. Tushar Bansal

Designation :

Director

Address :

C-66, Friends Colony East, New Delhi – 110065, India

Date of Birth/Age :

07.12.1988

Qualification :

Graduate in Commerce

Experience :

3 years

KEY EXECUTIVES

Name :	Mr. G. P. Kesarwani
Designation :	Manager – Accounts

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 14.09.2010)

Names of Shareholders		No. of Shares

Saneh Prakash Bansal		122550
Rakesh Bansal		121950
Sushila Bansal		5900
Madhu Toshniwal		14100
Urmila Mittal		500
Vikas Mittal		500
Monica Bansal		9750
Tushar Bansal		20100
C R Cotton India Private Limited, India		60000

Total		355350

(AS ON 14.09.2010)

Equity Shares Break up

Category		Percentage

Bodies corporate		17.00
Directors or relatives of directors		83.00

Total		100.00

BUSINESS DETAILS

Line of Business :	Trader of Cotton and Blended Fabrics for Garment Industries.

Terms :
Selling :	Cash and Credit (90-120 days)

Purchasing :	Cash and Credit (30-60-90 days)

GENERAL INFORMATION

Suppliers :

· Yashvi Enterprises

· Topman Exports Limited

· Anjali Silks

· Artex Trends

· Ashima Limited

· Bagrecha Traders

· Chand Enterprises

· Chinar Syntex Limited

· Girnar Industries

· Jawala Enterprises

· J.P.M. Impex

· J.S. Fashions International Private Limited

· Maheeka Textech

· Mudra Lifestyle Limited

· Pal Synthetics Limited

· Pooja Creations

· Shyalgo Textiles Mills Private Limited

· Slyaram Silk Mills Limited

· S. Kumars Nationwide Limited

· Vishal Suitings Private Limited

· Vishnu Laxmi Silk Mills

Customers :

Wholesalers, Retailers, End Users and Garment Manufacturer – ITC, Cantabil etc.

· D N A Polypack

· Rishabh Enterprises

· Krishna Namah Traders

· Neet Jeans

· R.S.P. Garments

· Tarun Garments

· Cantabil Retail India Limited

· Ess Aay Fashion India Private Limited

· Exim Design

· Marton Clothing Company Private Limited

· Olive Fashion Wear

· Shiva international Apparels

· Zudaas Fashions India Private Limited

· Goel Enterprises

· CM. Creations

· Ankit Enterprises

· B.B. Fab

· Bitto Raja

· Deepak Sharma

· Geetika Jeans

· Golden Garments

· M.R. Jeans

· New Soni Garments

· Rain bow

· R.S. Garments

· Sandeep Garments

· Smart Style

· Smog Jeans

· Soni Fashions

· Bhvya Creations

· Addi Industries Limited

· Priknit Retails Limited

· Arif and Sons Company

· Charvi Creations

· Prank Tex Impex Limited

· Genesis Colors Private Limited

· Guruji Garments

· Guru Kripa Creation

· Ishan Retail Limited

No. of Employees :

12 (Approximately)

Bankers :

· ING Vysya Bank

E-220 and 221, East of Kailash, New Delhi – 110065, India

· Indian Bank

Nehru Place, New Delhi – 110019, India

· HDFC Bank

New Friends Colony Branch, India

Facilities :

Secured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)

From Bank
Tata Capital limited
- Car Loan (Secured against Hypothecation of Honda Accord)	0.604	0.965

ICICI Bank Limited
- Car Loan (Secured against hypothecation of SX4-Suzuki)	0.000	0.139

ING Vysya Bank
- Cash Credit Facility	3.771	0.000
(Plat has been given as collateral Security by Mr. S. P. Bansal, No.410 and of Mr. Rakesh Bansal – No.307 both in pearl Height Group housing Plan Sector -9, Vaishali Extension, Ghaziabad, UP)

Total	4.375	1.104

Unsecured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)

Loan from Director	4.066	6.624
Loan from Banks	7.378	13.321
Loan from NBFC	8.938	0.000

Total	20.382	19.945


Banking Relations :	--

Auditors :
Name :	N. D. Gupta and Company Chartered Accountants
Address :	14, 1^stFloor, K. M. Market, clock Tower, Railway Road, Bhiwani – 127021, India
Mobile No.:	91-9868108540
Email :	ndgpt@yahoo.com

CAPITAL STRUCTURE

(AS ON 31.03.2011)

Authorised Capital :

No. of Shares	Type	Value	Amount

500000	Equity Share	Rs.10/- each	Rs.5.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

355350	Equity Share	Rs.10/- each	Rs.3.554 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		3.554	3.554	2.954
2] Share Application Money		25.425	0.325	0.000
3] Reserves & Surplus		16.505	12.493	7.504
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		45.484	16.372	10.458
LOAN FUNDS
1] Secured Loans		4.375	1.104	7.307
2] Unsecured Loans		20.382	19.945	20.260
TOTAL BORROWING		24.757	21.049	27.567
DEFERRED TAX LIABILITIES		0.000	0.000	0.000

TOTAL		70.241	37.421	38.025

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		1.817	2.156	2.740
Capital work-in-progress		0.000	0.000	0.000

INVESTMENT		0.364	0.364	0.364
DEFERREX TAX ASSETS		0.200	0.174	0.104

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	25.491	28.146	15.620
	Sundry Debtors	76.523	82.051	59.255
	Cash & Bank Balances	2.221	1.236	0.878
	Other Current Assets	0.000	0.994	0.945
	Loans & Advances	3.474	1.424	1.493
Total Current Assets		107.709	113.851	78.191
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	36.903	76.886	41.643
	Other Current Liabilities	1.079	0.982	0.819
	Provisions	1.867	1.256	0.912
Total Current Liabilities		39.849	79.124	43.374
Net Current Assets		67.860	34.727	34.817

MISCELLANEOUS EXPENSES		0.000	0.000	0.000

TOTAL		70.241	37.421	38.025

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	241.042	156.337	129.047
		Other Income	0.114	0.029	0.283
		TOTAL (A)	241.156	156.366	129.330

Less	EXPENSES
		Increase/ (Decrease) in Stock	2.655	(12.525)	(3.754)
		Purchases Cost	213.688	146.015	113.937
		Employees Expenses	7.404	6.174	5.023
		Administrative and Other Expenses	7.488	8.557	6.187
		TOTAL (B)	231.235	148.221	121.393

Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		9.921	8.145	7.937

Less	FINANCIAL EXPENSES (D)		3.534	3.702	4.795

	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		6.387	4.443	3.142

Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.535	0.667	0.594

	PROFIT BEFORE TAX (E-F) (G)		5.852	3.776	2.548

Less	TAX (H)		1.840	1.187	0.903

	PROFIT AFTER TAX (G-H) (I)		4.012	2.589	1.645

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		7.955	5.366	3.721

	BALANCE CARRIED TO THE B/S		11.967	7.955	5.366

	Earnings Per Share (Rs.)		11.29	7.29	5.57

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	1.66	1.66	1.27

Net Profit Margin (PBT/Sales)	(%)	2.43	2.42	1.97

Return on Total Assets (PBT/Total Assets}	(%)	5.34	3.25	3.15

Return on Investment (ROI) (PBT/Networth)		0.13	0.23	0.24

Debt Equity Ratio (Total Liability/Networth)		1.42	6.12	6.78

Current Ratio (Current Asset/Current Liability)		2.70	1.44	1.80

LOCAL AGENCY FURTHER INFORMATION

OPERATING STATEMENT

(RS. IN MILLIONS)

Particulars	2011-12	2012-13
	(Projected)
Gross Sales
Domestic Sales	361.600	506.200
Export Sales	0.000	0.000
Other Operating/ Revenue Income	0.000	0.000

Total	361.600	506.200

Less : Excise Duty	--	--

Net Sales	361.600	506.200

% rise [+] or fall [-] in net sales as compared to previous year	50%	40%

Cost of Sales

Raw Materials (Including Stores)
- Imported	0.000	0.000
- Indigenous	367.500	455.500

Others Stores and Spares
- Imported	0.000	0.000
- Indigenous	0.000	0.000

Power and Fuel	0.000	0.000
Wages and salaries	0.000	0.000
Other Manufacturing Expenses	0.000	0.000
Depreciation	0.600	0.525

Sub Total	368.100	456.025

Add: Opening Stock-In-Process	0.000	0.000

Sub Total	368.100	456.025

Less: Closing Stock-In-Process	0.000	0.000

Cost of Production	368.100	456.025

Add: Opening Stock of Finished Goods	25.490	85.000

Total	393.590	541.025

Deduct: Closing Stock of Finished Goods	85.000	100.000

SUB TOTAL (Total cost of sales)	308.590	441.025

Selling, General and Administrative Expenses	32.500	36.000

Sub Total	341.090	477.025

Operating Profit before interests	20.510	29.175

Interests	11.100	13.200

Operating Profit After Interests	9.410	15.975

Other Non Operating Income	0.100	0.100
Other Non Operating Expenses	0.000	0.000

Net of Non-operating Income and Expenses	0.100	0.100

Profit before Tax/ Loss [PBT]	9.510	16.075

Provision for taxes	2.441	4.967

Net Profit / Loss [PAT]	7.069	11.108

Retained Profit	7.069	11.108

Retained Profit/ Net Profit % age	100%	100%
	1.95%	2.19%

------------------------------------------------------------------------------------------------------------------------------

ANALYSIS OF BALANCE SHEET

(RS. IN MILLIONS)

Particulars	2011-12	2012-13
	(Projected)

Short Term Borrowing from Bank
i. From Application Bank	80.000	100.000
ii. From Other Banks	0.000	0.000
iii. Of which BP and BD	0.000	0.000

SUB TOTAL(A)	80.000	100.000

Short Term Borrowings From Others	0.000	0.000
Sundry Creditors (Trader)	35.000	43.500
Advances Payment from customers	--	--
Provision For Taxes	2.441	4.967
Creditor for Expenses	0.000	0.000
Dividend Payable	0.000	0.000
Other Statutory Liabilities (due within one years)	0.000	0.000
Installments of term loans and Deferred Payment Credits	12.500	9.200
Other current Liabilities and Provisions (due within one years)	1.200	1.350

SUB TOTAL (B)	51.141	59.017

TOTAL CURRENT LIABILITIES	131.141	159.017

TERM LIABILITIES

Debentures	0.000	0.000
Redeemable Preference Shares	0.000	0.000
Term Loans	8.700	6.466
Deferred Payment Credits	0.000	0.000
Vehicles Loan	0.000	0.000
Term Loan HDFC Limited (Repayable after one year)	0.000	0.000
Unsecured Loans	0.000	0.000
Term Deposit	0.000	0.000
Deferred Tax Liability	0.000	0.000
Other Term Liabilities	0.000	0.000

TOTAL TERM LIABILITIES	8.700	6.466

TOTAL OF OUTSIDE LIABILITIES	139.841	165.483

NET WORTH
Ordinary Shares Capital	5.979	5.979
General Reserve	11.966	19.035
Other Reserve (Excluding Provision)	4.538	4.538
Reserves and Surplus	0.000	0.000
Unsecured Loans	29.066	29.066
Share Premium Account	0.000	0.000
Surplus (+) or deficit (-) in Profit and Loss Account	7.069	11.108

TOTAL NET WORTH	58.618	69.726

TOTAL LIABILITIES	198.459	235.209

ASSETS

CURRENT ASSETS

Cash and Bank Balance	1.500	1.500
Investments [Other than long term investments]	0.000	0.000
Receivables other than deferred and exports	95.000	114.000
Export receivables	0.000	0.000
Installments of deferred receivable	0.000	0.000

INVENTORY

Raw Materials
- Imported	0.000	0.000
- Indigenous	0.000	0.000

Stock in Process	0.000	0.000
Finished Goods	85.000	100.000
Other Consumable Spares	0.000	0.000
Advances to suppliers	0.000	0.000
Advance Payment of Taxes	2.400	4.300
Other Current Assets	0.000	0.000

TOTAL CURRENT ASSETS	183.900	219.800

FIXED ASSETS

Gross Block (Land and Building Machinery)	6.354	6.354
Depreciation to date	3.743	4.268

NET BLOCK	2.611	2.086

OTHER NON CURRENT ASSETS

Investments in sub Cos./ Affiliates	1.850	1.850
Advances suppliers of Capital goods and contractors	0.000	0.000
Investment in Others	0.000	0.000
Other Non-Current Investment	0.173	0.173
Loans and Advance	0.000	0.000
Receivables more than 6 month old	9.925	11.300

TOTAL OTHER NON CURRENT ASSETS	11.948	13.323

Intangible Assets	--	--

TOTAL ASSETS	198.459	235.209

Tangible Networth	58.618	69.726

Net Working Capital	52.759	60.783

Current Ratio	1.40	1.38

TOL/ TNW	2.39	2.37

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COMPUTATION OF TAXABLE INCOME

(BON MART INTERNATIONAL LIMITED)

(RS. IN MILLIONS)

Particulars

2010-2011

Income From Business/ Profession

Net profit as per Profit and Loss A/c for the Period ended 31.03.2010

3.776

Add: Expenses Disallowed under the income Tax Act, 1961

- Depreciation as per Company Act

0.668

- Loss on sale of Fixed Assets

0.030

- Donation

0.115

- Income Tax Expenses

0.004

0.817

Less: Depreciation as per Income Tax Act, 1961

0.477

Less: Deduction Under Chapter VI – A: U/s 80 G

- Donation Paid (50% of Rs.0.102 Million)

0.051

Total Income

4.065

Total Income Rounded off u/s 288 A

4.065

Tax on Total Income @ 30%

1.219

Add: Edu. Cess @ 2%

0.024

Add: Higher Edu. Cess @ 1%

0.012

Tax Payable

1.256

Total Rounded off u/s 288 B

1.256

Add: Interests:

U/s 234 B

0.020

U/s 234 C

0.020

0.040

Tax and Interests Payable

1.296

Less: Tax Paid

1. Advance Tax

Bank and Branch	BSR	Challan No.	Dated	Amt.

Indian Bank – Nehru Place	0261632	27125	06.07.2009	0.200
Indian Bank – Nehru Place	0261632	56088	15.09.2010	0.220
Indian Bank – Nehru Place	0261632	88228	05.12.2009	0.280
IDBI Bank- Navi Mumbai	6910333	10643	15.03.2010	0.225
2. Self Assessment Tax Deposited
HDFC Bank - NFC	0510308	52837	26.09.2010	0.371

Total Tax Deposited				1.296

Tax Payable				NIL

Calculation of Minimum Alternate Tax u/s 115 JB of the Income Tax Act 1961
Net Profit as per Profit and Loss A/c for the Period ended 31.03.2010				3.776

Book Profit u/s 115 JB				3.776

Tax on Book Profit @ 15%				0.377
Add: Edu Cess @ 2.0%				0.007
Add: Higher Edu Cess @ 1.0%				0.004

Total Tax Payable on Book Profit				0.388

------------------------------------------------------------------------------------------------------------------------------

STATEMENT OF ASSETS AND LIABILITIES

NAME: MR. TUSHAR BANSAL

(RS. IN MILLIONS)

ASSETS

IMMOVABLE PROPERTY – LIQUID ASSETS

Particulars	Nature of Stock	Total Value

Cash and Bank Balance	S/B A/c – Indian Bank HDFC Bank ICICI Bank Cash in Hand	0.005 0.140 0.201 0.062

Realisable Book Debts	Loan – Bon Mart Intl Limited	0.550

Investments in Business	Share – Bon Mart Intl Limited	0.260

Investments in Govt. Promissory Notes, Shares etc.	Shares	0.071

Other Movable Property	Jwellary	Nil

Like Life Policies etc (Share their nature)	--	0.480

Total		1.769

TOTAL ASSETS

RS.1.769 MILLIONS

NET WORTH

RS.1.769 MILLIONS

------------------------------------------------------------------------------------------------------------------------------

STATEMENT OF ASSETS AND LIABILITIES

NAME: MR. SANEH PRAKASH BANSDAL

(RS. IN MILLIONS)

ASSETS

IMMOVABLE PROPERTY – BUILDING

Particulars

Name of the Village or Town where they are situated and the Street and Municipal No.

Ancestral or Self Acquired

Market Value

Total Value

Residential Houses

Flat No.307, Pearl Heights, Pockets – 10, sector 9, Vaishali, Extn Gzb

Self

8.500

IMMOVABLE PROPERTY – LIQUID ASSETS

Particulars	Nature of Stock	Total Value

Cash and Bank Balance	S/B A/c – Indian Bank HDFC Bank ICICI Bank Cash in Hand	0.084 0.107 0.065 0.150

Realisable Book Debts	Loan – Bon Mart Intl Limited	11.524

Investments in Business	Share – Bon Mart Intl Limited	1.226

Investments in Govt. Promissory Notes, Shares etc.	NSC	0.060

Other Movable Property	Jwellary	3.886

Like Life Policies etc (Share their nature)	--	0.405

Total		17.507

TOTAL ASSETS

RS.26.007 MILLIONS

LIABILITIES

Borrowings	Securities Nature Value	Amount Borrowed

From their Bank	Personal Loan	0.257

TOTAL LIABILITIES

RS.0.257 MILLION

NET WORTH

RS.25.750 MILLIONS

------------------------------------------------------------------------------------------------------------------------------

STATEMENT OF ASSETS AND LIABILITIES

NAME: MR. RAKESH BANSDAL

(RS. IN MILLIONS)

ASSETS

IMMOVABLE PROPERTY – BUILDING

Particulars

Name of the Village or Town where they are situated and the Street and Municipal No.

Ancestral or Self Acquired

Market Value

Total Value

Residential Houses

Flat No.410, Pearl Heights, Pockets – 10, sector 9, Vaishali, Extn Gzb

Self

8.500

IMMOVABLE PROPERTY – LIQUID ASSETS

Particulars	Nature of Stock	Total Value

Cash and Bank Balance	S/B A/c – Indian Bank HDFC Bank ICICI Bank Cash in Hand	0.071 0.161 0.066 0.125

Realisable Book Debts	Loan – Bon Mart Intl Limited	11.657

Investments in Business	Share – Bon Mart Intl Limited	1.220

Investments in Govt. Promissory Notes, Shares etc.	NSC	0.060

Other Movable Property	Jwellary	3.015

Like Life Policies etc (Share their nature)	--	0.450

Total		16.825

TOTAL ASSETS

RS.25.325 MILLIONS

LIABILITIES

Borrowings	Securities Nature Value	Amount Borrowed

From their Bank	Personal Loan	0.174

TOTAL LIABILITIES

RS.0.174 MILLION

NET WORTH

RS.25.151 MILLIONS

------------------------------------------------------------------------------------------------------------------------------

VALUATION REPORT

OWNED BY MR. RAKESH BANSAL

PART – A (BASIC DATA)

Purpose of Valuation	To determine the fair Market Value

Date on which property was inspected	05.08.2011

Name of the Owner/ Owners	Mr. Rakesh Bansal S/O Late Mr. R L Bansal

Is the Property is under Joint Ownership?	Mr. Rakesh Bansal S/O Late Mr. R L Bansal

Location of the Property	4^th Floor, Residential Flat No.410, Block – D, Pearl Height, Pocket – 10, Sector -9, Vaishali Extension, Ghaziabad – 201012

Boundary	Within other Flats of the Building

Brief Description of the Property	Property under valuation is a 4^th floor, residential flat of good specification in a stilt + 8 storey building. The property comprises 154.22 sq. mt. Super Area.

Is the property situated in Residential/ Commercial/ Mixed area/ Industrial Area	Residential Area

Classification of the locality- high class/ middle class/ poor class	Middle Class

Proximity to civic amenities like Schools, hospital, Offices, Markets, /cinema Hall etc.	All in the vicinity

Means and Proximity to surface communication by which the locality is served.	Surface transport available. Metro Station is with in 1 Km.

Area of Property	154.22 sq. mt.

Prevailing Composite rate in the area	The prevailing composite rate for similar properties in the area is around Rs.50,000.00 per mt.

Has the whole or part of the land been notified for acquisition by government or any statutory body? Give gate of the notification.	No such information has come to notice till date.

Verification of title deed/ legal opinion.	The legal aspect has not been covered under this report if required the same may be obtained from the law professional.

PART – B

TECHNICAL DETAILS OF THE BUILDING

Number of floors	4^th Floor in a stilt + 8story residential building.

Area	154.22 sq. mt.

Year of construction	2009

Type of Construction: Load bearing walls/ RCC Framed structure/ Steel Frame	RCC Framed Structure

Type of foundations	RCC isolated column footing / raft

Walls	9” thick brick wall in cement mortar

Door and Windows	Wooden/ Steels

Flooring	Vitrified Tile

Finishing	Plastered

Roofing	RCC

Electrical Wiring- Fitting	Concealed conduit

Whether there are any special/ costly fittings.	Building has provision of lift.

PART – C VALUATION DETAILS

VALUATION OF FLAT

A] AS PER PREVAILING MARKET RATES

A market survey in the area was conducted and discussions were made with the property consultants, residential and sub-registrar of the area. The composite rate in the area for the similar properties is around Rs.50,000.00 per sq. mt. based on size, shape, location, prevailing macroeconomic indication and their judgment the composite rate of the property may be considered around Rs.50,000.00 per sq. mt.

Area of the Flat	154.22 sq. mt.

Prevailing composite rate in the area	Rs.50,000.00 per sq. mt.

Market rate considered	Rs.50,000.00 per sq. mt.

Present market rate of the flat	154.22 x 50,000.00

Total	Rs.7.711 Millions

B] DISTRESS SALE VALUE

Considered socio-economic fabric and supply-demand situation of resident properties in the area distress sale value of the assets may by considered as Rs.6.160 Millions. This is 80% of the market value of the property.

Value for insurance purpose (Civil Work only)

The value for insurance purpose (Civil work only) is estimated @ Rs.9,000.00 per sq. mt. accordingly the value for insurance purpose = Rs.154.22 x Rs.9,000.00

= RS.1.388 MILLIONS

------------------------------------------------------------------------------------------------------------------------------

VALUATION REPORT

OWNED BY MR. SNEH PRAKASH BANSAL

PART – A (BASIC DATA)

Purpose of Valuation	To determine the fair Market Value

Date on which property was inspected	05.08.2011

Name of the Owner/ Owners	Mr. Sneh Prakash Bansal S/O Late Mr. R L Bansal

Is the Property is under Joint Ownership?	Mr. Rakesh Bansal S/O Late Mr. R L Bansal

Location of the Property	3^rd Floor, Residential Flat No.307, Block – C, Pearl Height, Pocket – 10, Sector -9, Vaishali Extension, Ghaziabad – 201012

Boundary	Within other Flats of the Building

Brief Description of the Property	Property under valuation is a 3^rd Floor, Residential flat of good specification in a stilt + 8 storey building. The property comprises 148.64 sq. mt. Super Area.

Is the property situated in Residential/ Commercial/ Mixed area/ Industrial Area	Residential Area

Classification of the locality- high class/ middle class/ poor class	Middle Class

Proximity to civic amenities like Schools, hospital, Offices, Markets, /cinema Hall etc.	All in the vicinity

Means and Proximity to surface communication by which the locality is served.	Surface transport available. Metro Station is within 1 Km.

Area of Property	148.64 sq. mt.

Prevailing Composite rate in the area	The prevailing composite rate for similar properties in the area is around Rs.50,000.00 per mt.

Has the whole or part of the land been notified for acquisition by government or any statutory body? Give gate of the notification.	No such information has come to notice till date.

Verification of title deed/ legal opinion.	The legal aspect has not been covered under this report if required the same may be obtained from the law professional.

PART – B

TECHNICAL DETAILS OF THE BUILDING

Number of floors	3^rd Floor, in a stilt + 8 storey residential building.

Area	148.64 sq. mt.

Year of construction	2009

Type of Construction: Load bearing walls/ RCC Framed structure/ Steel Frame	RCC Framed Structure

Type of foundations	RCC isolated column footing / raft

Walls	9” thick brick wall in cement mortar

Door and Windows	Wooden/ Steels

Flooring	Vitrified Tile

Finishing	Plastered

Roofing	RCC

Electrical Wiring- Fitting	Concealed conduit

Whether there are any special/ costly fittings.	Building has provision of lift.

PART – C VALUATION DETAILS

VALUATION OF FLAT

A] AS PER PREVAILING MARKET RATES

Area of the Flat	148.64 sq. mt.

Prevailing composite rate in the area	Rs.50,000.00 per sq. mt.

Market rate considered	Rs.50,000.00 per sq. mt.

Present market rate of the flat	148.64 x 50,000.00

Total	Rs.7.432 Millions

B] DISTRESS SALE VALUE

Considered socio-economic fabric and supply-demand situation of resident properties in the area distress sale value of the assets may by considered as Rs.5.920 Millions. This is 80% of the market value of the property.

Value for insurance purpose (Civil Work only)

The value for insurance purpose (Civil work only) is estimated @ Rs.9,000.00 per sq. mt. accordingly the value for insurance purpose = Rs.148.64 x Rs.9,000.00

= RS.1.338 MILLIONS

------------------------------------------------------------------------------------------------------------------------------

VALUATION REPORT

GENERAL INFORMATION

Purpose of Valuation

To Asses fall market value

Valuation requested by

Ms. Sarnvedna Slngh

Date of Valuation Visit

14^th July 2011

Name of the Owner

Mr. Nitin Gupta and Mrs. Ritu Gupta

Address and contact no. of the Owner

C-101, Preet Vihar Delhi (Contact No 9810028743)

Brief description of the property under valuation

The Premise is a double stoned Industrial building constructed on a pot exist in a locality of IMT Manesar. Gurgaon, Haryana

Scope of Valuation

Land and Building

Documents produced for perusal

Conveyance Deeds and Approved Building plans

DESCRIPTION OF PROPERTY

Plot No

132, Sector -4

Name of Layout I Nagar

IMT Manesar, Gurgaon, Haryana

Taluka /ward No.

IMT Manesar, Gurgaon, Haryana

District / Municipality / Corporation

HSIDC (Haryana State Industrial Development Corporation)

Postal Address with Pin code No.

132, Sector-4, MT Manesar Gurgaon, Haryana

Boundaries of the Property

North

South

East

West

Road

Adjoining Property

Plot No 131

Plot No 133

Properly Tax Payment

Assessment No.

Borne by owner (Proof not available)

Assessment in the name of

Borne by owner (Proof not available)

Tax Amount

Borne by owner (Proof not available)

Last paid date

Borne by owner (Proof not available)

Electricity Connection

Connection No

Paid by occupant (Proof not available)

Connection in the name of

Paid by occupant (Proof not available)

Last paid date

Paid by occupant (Proof not available)

Occupation details of property

Occupied by

Owner Occupied

PART – A

LAND

Dimensions of Site

As per Deed

Actual

North

22.5M

South

22.5M

East

45.0M

West

45.0M

Characteristics of Site

Classification of the Locality

Middle Class

Characteristics of Locality

Industrial

Level of Development of Surrounding Area

Developed

Level of land with topographical conditions

Plain

Frequent flooding during rainy season

Access to civic amenities like School, Hospital, Market, Public transport, etc

All civic amenities available in the radius of 2K M

Shape of Land

Rectangular

Use to which land can be put

Industrial

Any usage restriction?

Industrial

Tenure of land

Free Hold

Corner plot or intermediate plot?

Intermittent

Ratio between average depth and Wd.

Irregular Shape

Road facility

12 M wide Road

Type of road available at present

WBM

Width of road is to <=20’ or> 20’

>30’

Is it a land locked site?

No.

Is power supply available at the site?

Available

Plot in Town Planning approved layout?

Building plans approved by HSIDC vide file No HSIDC/ /IPC/IMT/05/1870, Dated - 03-05-05

Possible problems in getting a drawing approval at a later date

Building plans approved by HSIDC vide file No HSIDC/ /IPC/IMT/05/1870, Dated - 03-05-05

Building construction at site is as per bye laws

Is there a layout sketch for the land? Is it enclosed to this valuation report

Building plans approved by HSIDC vide file No. HSIDC/ /IPC/IMT/05/1870, Dated: 03-05-05

Advantages of the site

The Premise exists in an industrial locality of IMT Manesar

VALUATION

Methods adopted to estimate the value (Basis of valuation - the value of MRO / Sub-register may be furnished)

Land and Building Method

Market rate prevailing in the locality of similar land with similar characteristics

Rs.20000-00/-sqm to Rs.25000-00/-sqm

Adopted sale value

Rs.24250-00/-sqm X 1012-50 sqm

Estimated value of land

Rs.24.553 Millions

Distress sale value @ 85%

Rs.20.870 Millions

PART-B

BUILDING

Type of Construction

RCC Frame and Brick masonry in cement mortar

Quality of Construction

Second Class

Appearance of Building

Normal

Number of floors

Ground Floor + 1

Maintenance of Building

Average

Deviations from approved plan

Extent of Deviations%

Building plans approved by HSIDC vide file No. H.S.l.DC/IPC/IMT/05/1870, Dated - 03-05-05

Building construction at site is as per bye laws.

Does the Building run the risk of demolition

Set backs may be cleared by the authority

Plinth Areas

As per IS 3891-1975

Floor	Year of Construction (As reported/ as per actual observation)	Roof	Plinth Area Main Portion A

Ground Floor	2002	RCC Slab	6539-00 sft.
First Floor	2002	RCC Slab	6539-00 sft.

Total			13078-00sft.

DETAILS OF FLOOR – WISE CONSTRUCTION

Ground Floor Construction Description	Ground Floor	First Floor

Specifications of	--	--

Foundation	Open Spread Footing	Open Spread Footing

Superstructure	RCC Frame and Brick Masonry in cement Mortar	RCC Frame and Brick Masonry in cement Mortar

Roof	RCC Slab and Upper Floor Above	RCC Slab and Upper Floor Above

Doors	Commercial Wood/ M. S. Rolling Shutters	M. S. Rolling Shutters

Windows	M. S. Sections	M. S. Sections

Floor Finish	Kota Stone Flooring	Kota Stone Flooring

Total Plinth Area	6539-00 sft	6539-00 sft

Year of Construction	2002	2002

Age of Building	9 years	9 years

Further Life Expected for Building	45 years	45 years

Total Life Estimated for Building	--	--

Depreciation percentage (Assuming salvage value as %)	15%	15%

Replacement rate of construction with the existing conditions and specification	Rs.925.00/- sq. ft.	Rs.925.00/- sq. ft.

Replacement value	Rs.6.049 Millions	Rs.6.049 Millions

Depreciation value at the rate of 15%	Rs.0.907 Million	Rs.0.907 Million

Present Value of Floor Construction	Rs.5.141 Millions	Rs.5.141 Millions

Total	Rs.5.141 Millions + Rs.5.141 Millions = Rs.10.283 Millions

PART – C

AMENITIES AND EXTRA ITEMS (AFTER DEPRECIATION)

Overhead Water Tank	200 Itrs. RCC

Aluminium Doors/ Windows/ Pation	Commercial Wood / M.S. Sections and M. S. Rolling Shutters

Sink/ Wash Basin/ Geyser	6 W.C., 6 W.B. and 1 Sink

Special Flooring	PCC Flooring

Toilet Fittings	Ordinary

Total	Rs.0.975 Million (Approximately)

PART – D SERVICES

VALUE AFTER DEPRECIATION

Water supply arrangement	Motor Valued at NA.

Drainage Arrangement	Underground sewerage valued at NA.

	Running Feet
Steel Gates	15ft x 10 ft
Total	Rs.0.425 Million (Approximately)

PART – E

ABSTRACT WORTH

Part – A Land	Rs.24.553 Millions

Part – B Building, Amenities and Services	Rs.10.283 Millions

Part – C Amenities	--

Part – D Service	--

Present Market Value

Rs.34.836 Millions

------------------------------------------------------------------------------------------------------------------------------

VALUATION REPORT

GENERAL INFORMATION

Purpose of Valuation

To Asses fall market value

Valuation requested by

Ms. Sarnvedna Slngh

Date of Valuation Visit

14^th July 2011

Name of the Owner

Mr. Nitin Gupta and Mrs. Ritu Gupta

Address and contact no. of the Owner

C-101, Preet Vihar Delhi

Brief description of the property under valuation

The Premise is a single stoned Industrial building under constructed on a pot exist in a locality of IMT Manesar. Gurgaon, Haryana

Scope of Valuation

Land and Building

Documents produced for perusal

Conveyance Deeds and Approved Building plans

DESCRIPTION OF PROPERTY

Plot No

321, Sector -1

Name of Layout I Nagar

IMT Manesar, Gurgaon, Haryana

Taluka /ward No.

IMT Manesar, Gurgaon, Haryana

District / Municipality / Corporation

Town and Country Planning department – Haryana

Postal Address with Pin code No.

321, Sector-1, MT Manesar Gurgaon, Haryana

Boundaries of the Property

North

South

East

West

Adj. Property

Road

Adj. Property No.320

Adj. Property No.322

Occupation details of property

Occupied by

Owner Occupied (Under Construction)

PART – A

LAND

Dimensions of Site

As per Deed

Actual

North

15.00 M

South

15.00 M

East

30.00 M

West

30.00 M

Characteristics of Site

Classification of the Locality

Middle Class

Characteristics of Locality

Residential

Level of Development of Surrounding Area

Developed

Level of land with topographical conditions

Plain

Frequent flooding during rainy season

Access to civic amenities like School, Hospital, Market, Public transport, etc

All civic amenities available in the radius of 2K M

Shape of Land

Rectangular

Tenure of land

Free Hold

Corner plot or intermediate plot?

Intermittent

Ratio between average depth and Wd.

1:2

Type of road available at present

WBM

Width of road is to <=20’ or> 20’

>30’

Is it a land locked site?

Is power supply available at the site?

Available

Plot in Town Planning approved layout?

Building plans approved by HSIDC vide file No HSIIDC/ /IPC/IMT/07/4071, Dated – 08-11-07.

Building Construction at site is as per bye laws.

Possible problems in getting a drawing approval at a later date

Building plans approved by HSIDC vide file No HSIIDC/ /IPC/IMT/07/4071, Dated – 08-11-07.

Building Construction at site is as per bye laws.

Advantages of the site

The Premise under construction exists in an residential locality of IMT Manesar, Gurgaon, Haryana

VALUATION

Methods adopted to estimate the value (Basis of valuation - the value of MRO / Sub-register may be furnished)

Land and Building Method

Market rate prevailing in the locality of similar land with similar characteristics

Rs.30000-00/-sqm to Rs.35000-00/-sqm

Adopted sale value

Rs.32500-00/-sqm X 450-00 sqm

Estimated value of land

Rs.14.625 Millions

Distress sale value @ 85%

Rs.12.431 Millions

PART-B

BUILDING

Type of Construction

RCC Frame and Brick masonry in cement mortar

Quality of Construction

Good

Appearance of Building

NA (Yet to be completed)

Number of floors

Ground Floor + 0

Maintenance of Building

Average

Deviations from approved plan

Extent of Deviations%

Building plans approved by HSIDC vide file No. H.S.l.I.D.C./IPC/IMT/07/4071, Dated - 08-11-07.

Building construction at site is as per bye laws.

Plinth Areas

As per IS 3891-1975

Floor	Year of Construction (As reported/ as per actual observation)	Roof	Plinth Area Main Portion A

Ground Floor	Under Construction	RCC Slab	1865-00 sft.

Total			1865-00 sft.

DETAILS OF FLOOR – WISE CONSTRUCTION

Ground Floor Construction Description	Ground Floor

Specifications of	--

Foundation	Open Spread Footing

Superstructure	RCC Frame and Brick Masonry in cement Mortar

Roof	Brick Tiles and Mud Phuska Over RCC Slab

Doors	Frames are made of Commercial Wood/ Shutters are yet to be provided

Windows	Frames are made of Commercial Wood/ Shutters are yet to be provided

Floor Finish	PCC Flooring

Total Plinth Area	1865-00 sft

Year of Construction	Under Construction (Building Construction is completed to the tune of 65%)

Age of Building	Under Construction

Further Life Expected for Building	50 years after Completion

Replacement rate of construction with the existing conditions and specification	Rs.975.00/- sq. ft. (For Structure as stated above)

Replacement value	Rs.1.818 Millions

Depreciation value at the rate of 15%	--

Present Value of Floor Construction	Rs.1.818 Millions

Total	Rs.1.818 Millions

PART – C

AMENITIES AND EXTRA ITEMS (AFTER DEPRECIATION)

Overhead Water Tank	Yet to Provided

Aluminium Doors/ Windows/ Pation	Framed are made of commercial wood, shutters are yet to be provided.

Sink/ Wash Basin/ Geyser	Yet to Provided

Special Flooring	PCC Flooring

Toilet Fittings	Yet to Provided

Total	Rs.0.075 Million (Approximately)

PART – D SERVICES

VALUE AFTER DEPRECIATION

Water supply arrangement	Motor Valued at NA.

Drainage Arrangement	Underground sewerage valued at NA.

Total	Rs.0.050 Million (Approximately)

PART – E

ABSTRACT WORTH

Part – A Land	Rs.14.625Millions

Part – B Building, Amenities and Services (Completed and Considered to the tune of 65%)	Rs.1.818 Millions (for structure as stated above)

Part – C Amenities	--

Part – D Service	--

Present Market Value

Rs.16.443 Millions

------------------------------------------------------------------------------------------------------------------------------

TRADE REFERENCE:

· Cantabil Retails India Limited

B-47, 1^st Floor, Lawrence Road, Industrial Area, Delhi, India

Contact Person: Mr. Sanjiv Srivastva

Mobile No.: 91-9871593030

· The Bankok Mart

E-28/A, Central Market, Lajpat Nagar – II, New Delhi, India

------------------------------------------------------------------------------------------------------------------------------

FORM 8:

Corporate identity number of the company	U18101DL1998PLC092663
Name of the company	BON MART INTERNATIONAL LIMITED
Address of the registered office or of the principal place of business in India of the company	C-66, Friends Colony (East), New Delhi – 110065, India bonmartashima@hotmail.com
This form is for	Creation of charge
Type of charge	Book debts Floating charge Others: Hypothecation of stock
Particular of charge holder	· ING Vysya Bank E-220 and 221, East of Kailash, New Delhi – 110065, India cms@companiesinn.com
Nature of instrument creating charge	General Hypothecation Agreement.
Date of instrument Creating the charge	23.02.2011
Amount secured by the charge	Rs.14.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interests: SOD: IVBR + 3.50% Terms of Repayment: SOD: On Demand Margin: SOD: 100% on Collateral Extent and Operation of the charge: First charge on stocks containing fabrics for composite mills. Firs charge on the book debts of the company both present and future.
Particulars of the property charged	All the stocks containing fabrics for composite mills stored at 8/34Shyam Block, Main Kushia Road, Kailash Nagar, Delhi – 31. All the book debts of the company both present and future.

------------------------------------------------------------------------------------------------------------------------------

FIXED ASSETS:

· Car

· Computer and Software

· Air Conditioner

· Invertor

· Furniture an d Fixture

· Mobile Phone

· Fax

· Water Cooler

· Electrical Fittings

· Office Equipment

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.49.71
UK Pound	1	Rs.78.09
Euro	1	Rs.68.05

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	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 & 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

25.491

76.523

2.221

0.000

3.474

107.709

36.903

1.079

1.867

39.849

67.860

1.66

2.43

5.34

0.13

1.42

2.70

Unit