MIRA INFORM REPORT

Report Date :

13.09.2011

IDENTIFICATION DETAILS

Name :	KOHINOOR PAPER AND NEWSPRINT PRIVATE LIMITED
Registered Office :	11, Allenby Road, Kolkata, - 700020, West Bengal
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation:	26.12.2006
Com. Reg. No.:	21-112244
Capital Investment / Paid-up Capital :	Rs.80.000 Millions
CIN No.: [Company Identification No.]	U21019WB2006PTC112244
TAN No.: [Tax Deduction & Collection Account No.]	CALK05514F
PAN No.: [Permanent Account No.]	AACCK9730C
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of paper, writing paper and poster paper
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B [30]

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 1940000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track. There appears some accumulated losses recorded by the company. However, trade relations are reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some cautions.

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 – June 30, 2010

Country Name	Previous Rating (01.04.2010)	Current Rating (30.06.2010)
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 :	11, Allenby Road, Kolkata, - 700020, West Bengal, India
Tel. No.:	91-33-40036693/ 40036692 / 40036694 / 40036695
E-Mail :	Kohinoorpaper@rediffmail.com
Website :	http://www.kohinoorindia.in
Corporate Office :	16A, Everest House, 46C, J.L. Nehru Road, Kolkata – 700071, West Bengal, India
Tel. No.:	91-33-22883104
Fax No.:	91-33-22883105
E-Mail :	admin@kohinoorindia.in
Factory :	Falta Industrial Growth Centre, Kolkata Hat P S Ramnagar, – 743504, West Bengal, India

DIRECTORS

As on 30.09.2010

Name :

Mr. Vijay Bothra

Designation :

Director

Address :

8A, Alipore Road, Kolkata – 700027, West Bengal, India

Date of Birth/Age :

09.08.1958

Date of Appointment :

26.12.2006

DIN :

00125053

Other Directorship :

Top of Form S.No. Bottom of Form	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	L65921WB1984PLC037347	CLASSIC LEASING & FINANCE LTD.	Director	7/1/1994	7/1/1994	-	Active	YES
2	U51109WB1993PTC060248	SATYAVAMA COMMOTRADE PVT. LTD.	Director	19/09/1996	19/09/1996	-	Active	YES
3	U24129WB1997PTC085634	GREENLINE MARKETING PRIVATE LIMITED	Director	3/10/1997	3/10/1997	-	Active	YES
4	U51909WB1996PTC078760	JIA AUTO SALES PRIVATE LIMITED	Director	6/2/1998	6/2/1998	24/12/2007	Active	NO
5	U67120WB1997PTC082971	CHETALI ENTERPRISES PRIVATE LIMITED	Director	3/3/1998	3/3/1998	-	Active	NO
6	U51109WB1998PTC088396	BOTHRA CARS PRIVATE LIMITED	Director	3/12/1998	3/12/1998	-	Active	NO
7	U27109WB2005PTC101589	NAMAN ISPAT PRIVATE LIMITED	Director	9/2/2005	9/2/2005	1/10/2008	Active	NO
8	U27109WB2005PTC101723	KOHINOOR STEEL PRIVATE LIMITED	Director	16/02/2005	16/02/2005	-	Active	NO
9	U51109WB1994PTC062352	DEEPRAJ VINIMAY PVT LTD	Director	30/09/2006	30/09/2006	-	Active	NO
10	U21019WB2006PTC112244	KOHINOOR PAPER AND NEWSPRINT PRIVATE LIMITED.	Director	26/12/2006	26/12/2006	-	Active	NO
11	U65993WB1990PTC049442	URVEE INVESTMENT PVT LTD	Director	25/06/2007	25/06/2007	-	Active	YES
12	U51398WB2005PTC100978	ORNATE LIFE STYLE PRIVATE LIMITED	Director	25/06/2007	25/06/2007	-	Active	NO
13	U51109WB1997PTC086097	BOTHRA AUTOMOTIVES PVT LTD	Director	27/06/2007	27/06/2007	-	Active	YES
14	U70101WB1990PTC048433	ELDORADO APARTMENT & CREDIT PVT. LTD.	Director	28/06/2007	28/06/2007	-	Active	YES
15	U26960WB2008PTC124568	KOHINOOR LIMES PRIVATE LIMITED	Director	28/03/2008	28/03/2008	-	Active	NO
16	U40106WB2008PTC125570	KOHINOOR POWER PRIVATE LIMITED	Director	9/5/2008	9/5/2008	-	Active	NO
17	U40106WB2008PTC126598	KOHINOOR HYDRO ENERGY PRIVATE LIMITED	Director	13/06/2008	13/06/2008	-	Active	NO
18	U74999WB2008PTC126964	KOHINOOR PULP & PAPER PRIVATE LIMITED	Director	30/06/2008	30/06/2008	-	Active	NO
19	U13209WB2008PTC127708	KOHINOOR MINERALS & MINING PRIVATE LIMITED	Director	21/07/2008	21/07/2008	-	Active	NO
20	U27100WB2008PTC127709	KOHINOOR FERRO METALICS PRIVATE LIMITED	Director	21/07/2008	21/07/2008	-	Active	NO
21	U10100WB2009PTC138134	MEDNIRAI COAL MINING PRIVATE LIMITED	Nominee director	1/9/2009	1/9/2009	-	Active	NO
22	U51909WB2004PTC100280	ANUPAM VANIJYA PRIVATE LIMITED	Director	10/5/2010	10/5/2010	-	Active	YES
23	U51109WB2008PTC122141	MANIKARAN VINCOM PRIVATE LIMITED.	Director	3/6/2010	3/6/2010	-	Active	NO
24	U51909WB2008PTC121985	INDRADEV GOODS PRIVATE LIMITED	Director	4/6/2010	4/6/2010	-	Active	NO
25	U51102WB2005PTC102247	SAMARPAN VINIYOG PRIVATE LIMITED	Director	4/6/2010	4/6/2010	-	Active	NO
26	U14102MP2008PLC020801	MNR MINING AND CONSTRUCTION LIMITED	Director	3/7/2010	3/7/2010	25/03/2011	Active	NO

Name :

Mr. Prashant Bothra

Designation :

Director

Address :

8A, Alipore Road, Kolkata – 700027, West Bengal, India

Date of Birth/Age :

21.01.1982

Date of Appointment :

26.12.2006

DIN :

01785920

Other Directorship :

Top of Form S.No. Bottom of Form	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	U51909WB1996PTC078296	HIGH GROWTH CONSULTANT PVT LTD	Director	8/2/2000	8/2/2000	-	Active	YES
2	U51109WB1993PTC060244	BEDBYAS COMMODITIES PVT. LTD.	Director	10/2/2000	10/2/2000	-	Active	YES
3	U51109WB1995PTC070387	FRISKY COMMODEAL & SERVICES PVT LTD	Director	16/11/2000	16/11/2000	-	Active	YES
4	L65921WB1984PLC037347	CLASSIC LEASING & FINANCE LTD.	Director	30/12/2000	30/12/2000	-	Active	YES
5	U67190WB1995PTC073382	RIDHI CREDIT CAPITAL PVT.LTD.	Director	15/03/2004	15/03/2004	-	Active	YES
6	U70101WB2004PTC098341	RIKI PROPERTIES PRIVATE LIMITED	Director	16/04/2004	16/04/2004	-	Active	YES
7	U51909WB1997PTC085557	SANKALP MOTORS PRIVATE LIMITED	Director	1/1/2005	1/1/2005	-	Active	YES
8	U51109WB1995PTC068406	JANPRAGTI COMMODITIES PVT. LTD.	Director	3/9/2005	3/9/2005	-	Active	NO
9	U67120WB1997PTC082971	CHETALI ENTERPRISES PRIVATE LIMITED	Director	17/02/2006	17/02/2006	-	Active	NO
10	U51909WB1996PTC078760	JIA AUTO SALES PRIVATE LIMITED	Director	14/10/2006	14/10/2006	5/3/2008	Active	NO
11	U21019WB2006PTC112244	KOHINOOR PAPER AND NEWSPRINT PRIVATE LIMITED.	Director	26/12/2006	26/12/2006	-	Active	NO
12	U51909WB1996PTC076980	REGENCY VANIJYA PVT LTD	Director	14/03/2007	14/03/2007	-	Active	NO
13	U51109WB1994PTC066199	NIRUPAM DEALCOM PVT LTD	Director	24/03/2007	24/03/2007	-	Active	NO
14	U27109WB2005PTC101723	KOHINOOR STEEL PRIVATE LIMITED	Director	25/06/2007	25/06/2007	-	Active	NO
15	U51109WB1993PTC060248	SATYAVAMA COMMOTRADE PVT. LTD.	Director	26/06/2007	26/06/2007	-	Active	YES
16	U51909WB1993PTC060246	PARASHAR VYAPAAR PVT. LTD.	Director	27/06/2007	27/06/2007	-	Active	NO
17	U19201WB2005PLC101090	TRANSTEL INFRASTRUCTURE LIMITED	Director	24/12/2007	24/12/2007	-	Active	NO
18	U26960WB2008PTC124568	KOHINOOR LIMES PRIVATE LIMITED	Director	28/03/2008	28/03/2008	-	Active	NO
19	U40106WB2008PTC125570	KOHINOOR POWER PRIVATE LIMITED	Director	9/5/2008	9/5/2008	-	Active	NO
20	U40106WB2008PTC126598	KOHINOOR HYDRO ENERGY PRIVATE LIMITED	Director	13/06/2008	13/06/2008	-	Active	NO
21	U74999WB2008PTC126964	KOHINOOR PULP & PAPER PRIVATE LIMITED	Director	30/06/2008	30/06/2008	-	Active	NO
22	U13209WB2008PTC127708	KOHINOOR MINERALS & MINING PRIVATE LIMITED	Director	21/07/2008	21/07/2008	-	Active	NO
23	U27100WB2008PTC127709	KOHINOOR FERRO METALICS PRIVATE LIMITED	Director	21/07/2008	21/07/2008	-	Active	NO
24	U67503WB1995PTC067503	MAA PAHARI MERCANTILES PVT.LTD.	Director	1/2/2010	1/2/2010	28/02/2010	Active	NO
25	U67120WB1996PTC112002	SUASHISH CAPITAL PVT LTD	Director	3/6/2010	3/6/2010	-	Active	NO
26	U74120WB2008PTC124106	SATABADI INVESTMENT CONSULTANTS PRIVATE LIMITED.	Director	4/6/2010	4/6/2010	-	Active	NO Bottom of Form
27	U14102MP2008PLC020801	MNR MINING AND CONSTRUCTION LIMITED	Director	3/7/2010	3/7/2010	25/03/2011	Active	NO

Name :

Mr. Vivek Dugar

Designation :

Additional Director

Address :

Kantipath, Kathmandu – 30, India

Date of Birth/Age :

20.11.1974

Date of Appointment :

12.11.2007

DIN :

02040962

Other Directorship :

Top of Form S.No. Bottom of Form	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	U27109WB2005PTC101723	KOHINOOR STEEL PRIVATE LIMITED	Director	21/02/2005	21/02/2005	-	Active	NO
2	U21019WB2006PTC112244	KOHINOOR PAPER AND NEWSPRINT PRIVATE LIMITED.	Additional director	12/11/2007	12/11/2007	-	Active	NO
3	U19201WB2005PLC101090	TRANSTEL INFRASTRUCTURE LIMITED	Director	28/02/2008	28/02/2008	-	Active	NO
4	U66010KA2001PLC028883	METLIFE INDIA INSURANCE COMPANY LIMITED	Alternate director	7/12/2009	7/12/2009	15/12/2009	Active	NO
5	U74999WB2008PTC126964	KOHINOOR PULP & PAPER PRIVATE LIMITED	Director	9/1/2010	9/1/2010	-	Active	NO
6	U40106WB2008PTC125570	KOHINOOR POWER PRIVATE LIMITED	Director	20/01/2010	20/01/2010	-	Active	NO
7	U14102MP2008PLC020801	MNR MINING AND CONSTRUCTION LIMITED	Director	3/7/2010	3/7/2010	25/03/2011	Active	NO

Name :

Mr. Motilal Dugar

Designation :

Additional Director

Address :

Kantipath, Kathmandu – 30, India

Date of Birth/Age :

24.01.1947

Date of Appointment :

12.11.2007

DIN :

02976896

Other Directorship :

Top of Form S.No. Bottom of Form	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	U27109WB2005PTC101723	KOHINOOR STEEL PRIVATE LIMITED	Director	21/02/2005	21/02/2005	25/02/2010	Active	NO
2	U21019WB2006PTC112244	KOHINOOR PAPER AND NEWSPRINT PRIVATE LIMITED.	Additional director	12/11/2007	12/11/2007	29/03/2011	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2010

Names of Shareholders	No. of Shares
Prashant Bothra	5000
Vijay Bothra	5000
Deepraj Vinimay Private Limited, India	500000
Manimaya Holding Private Limited, India	2080000
Monnet Vyapaar Private Limited, India	530000
Janpragati Comm. Private Limited, India	200000
Naman Ispat Private Limited, India	630000
Urvee Investment Private Limited, India	50000

As on 30.09.2010

Category	Percentage
Bodies corporate	99.87
Directors or relatives of Directors	0.13
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of paper, writing paper and poster paper

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Corporation Bank, Dharamtolla Branch, 8, Lenin Sarani, Kolkata – 700013, West Bengal, India

Facilities :

Secured Loan [Rs. in million]	31.03.2010	31.03.2009
Term Loans from Banks	1068.916	856.339
Working Capital Facilities from Banks	176.423	0.000
Hire Purchase Finance
From Banks	5.079	0.699
From Bodies Corporate	0.409	0.000
Total	1250.827	857.038
Notes : Term loan are secured by first charge on fixed assets of the company’s plants situated at Falta Industrial Growth Centre, Falta, West Bengal on parri passu basis. Working capital facilities from banks are secured by hypothecation of inventories, book debts and other current assets of the company Term loans and working capital facilities from banks are also guaranteed by some of the directors of the company. Hire purchase finance from banks / bodies corporate are secured against hypothecation of respective assets.
Unsecured Loan [Rs. in million]	31.03.2010	31.03.2009
From Bodies Corporate	31.095	0.000
From Others	21.523	0.000
Total	52.619	0.000

Banking Relations :	--
Auditors :
Name :	R K Patodia and Company Chartered Accountant
Address :	2, Church Lane, 4^th Floor, Kolkata – 700001, West Bengal, India

CAPITAL STRUCTURE

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
8,000,000	Equity Shares	Rs.10/-each	Rs.80.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
8,000,000	Equity Shares	Rs.10/-each	Rs.80.000 millions

As on 30.09.2010

Authorised Capital : Rs.160.000 millions

Issued, Subscribed & Paid-up Capital : Rs.80.000 millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

Particulars		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		80.000	64.100	24.100
2] Share Application Money		89.020	50.619	3.922
3] Reserves & Surplus		319.600	256.000	96.000
4] (Accumulated Losses)		[2.637]	0.000	0.000
NETWORTH		485.983	370.719	124.022
LOAN FUNDS
1] Secured Loans		1250.827	857.038	136.117
2] Unsecured Loans		52.619	0.000	5.000
TOTAL BORROWING		1303.446	857.038	141.117
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		1789.429	1227.757	265.139
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1462.330	23.621	22.751
Capital work-in-progress		51.750	1040.097	142.512
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	182.749	0.000	0.000
	Sundry Debtors	5.658	0.000	0.000
	Cash & Bank Balances	12.123	6.943	3.786
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	224.790	186.028	129.828
Total Current Assets		425.320	192.971	133.614
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	141.995	28.320	43.026
	Other Current Liabilities	7.882	0.577	0.000
	Provisions	0.094	0.094	0.000
Total Current Liabilities		149.971	28.991	43.026
Net Current Assets		275.349	163.980	90.588
MISCELLANEOUS EXPENSES		0.000	0.059	0.058
Pre Operative Expenses		0.000	0.000	9.230
TOTAL		1789.429	1227.757	265.139

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010
	SALES
		Income	6.822
		Other Income	1.925
		TOTAL (A)	8.747
Less	EXPENSES
		Cost of material Consumed	6.810
		Personnel Expenses	1.060
		Administrative, Selling and Other Expenses	0.296
		Preliminary Expenses Written off	0.058
		Increase / [Decrease] in stock	[0.341]
		TOTAL (B)	7.883
Less	PROFIT/LOSS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		0.864
Less	FINANCIAL EXPENSES (D)		0.830
	PROFIT/LOSS BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		0.034
Less/ Add	DEPRECIATION/ AMORTISATION (F)		2.671
	PROFIT / LOSS BEFORE TAX (E-F) (G)		[2.637]
Less	TAX (I)		0.000
	PROFIT / LOSS AFTER TAX (G-I) (J)		[2.637]
	BALANCE CARRIED TO THE B/S		[2.637]
	IMPORTS
		Raw Materials	57.984
		Capital Goods	24.256
	TOTAL IMPORTS		82.240
	Earnings Per Share (Rs.)		[0.41]

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	[30.15]	NA	NA
Net Profit Margin (PBT/Sales)	(%)	[38.65]	NA	NA
Return on Total Assets (PBT/Total Assets}	(%)	[0.14]	NA	NA
Return on Investment (ROI) (PBT/Networth)		[0.01]	NA	NA
Debt Equity Ratio (Total Liability/Networth)		2.99	2.39	1.48
Current Ratio (Current Asset/Current Liability)		2.84	6.66	3.10

LOCAL AGENCY FURTHER INFORMATION

Note : Registered office address of the company has been shifted from235/2A, AJC Bose Road, 2^nd Floor, Kolkata – 700020, West Bengal, India to the present address w.e.f. 20.12.2010

Contingent Liabilities :

Contingent Liabilities for unexpired LC and Bank Guarantee : Rs.70.000 million as on 31.03.2010 [previous year 3.640 millions]

Bankers Charges Report as per Registry

Corporate identity number of the company	U21019WB2006PTC112244
Name of the company	KOHINOOR PAPER AND NEWSPRINT PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	11, ALLENBY ROAD KOLKATA West Bengal INDIA 700020
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10097304
Type of charge	Book Debts Movable Property Floating Charge Others
Particular of charge holder	Corporation Bank, Dharamtolla Branch, 8, Lenin Sarani, Kolkata – 700013, West Bengal, India
Nature of instrument creating charge	Common Deed of Hypothecation of Movables/Assets/Debts.
Date of instrument Creating the charge	30.05.2011
Amount secured by the charge	Rs.570.000 millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest – Term Loan : Base Rate + 2.75% i.e. 12.65% p.a. Cash Credit : Base Rate + 2.50% p.a. i.e. 12.40% p.a. Terms of Repayment – Working Capital Limit is repayable on Demand. The Term Loan of Rs.300.000 millions is repayable in 28 quarterly installments commencing from 2010-11 and out of which first 4 installments of Rs.07.500 millions each, 5th to 8th installments of Rs.09.000 millions each, 9th to 12th installments of Rs.10.500 millions each and 13th to 28th installments of Rs.12.000 millions each. Margin – As stipulated by the Bank for the respective assets from time to time. Cash Credit : Inventory : 25%, Book Debts : 25%, Term Loan : 30%, Import/Inland LC cum BG : 10%. Extent and Operation of the charge - Term Loan : Pari passu first charge on entire movable fixed assets (except vehicles along with other Term Lenders)and pari passu second charge on current assets of the Company, both present and future with other Term Lenders. Cash Credit, LC and BG : Pari passu first charge on current assets and pari passu second charge on entire fixed assets of the Paper Mill at WBIIDC's Falta Industrial Growth Centre,Phase-II,Falta, Dist.24 Parganas with other Working Capital Bankers. 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 M/s. Deepraj Vinimay Private Limited, M/s. Manimaya Holdings Private Limited, Janpragati Commodities Private Limited and M/s. Naman Ispat Private Limited.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Term Loan : Pari passu first charge on the entire fixed assets of the Company by way of hypothecation of plant and machinery and other movable fixed assets both present and future (except vehicles along with other Term Lenders) Second charge on the current assets of the Company on pari passu basis with other Term Lenders. Cash Credit, LC and BG : Hypothecation of entire inventory and book debts/current assets ranking pari passu with other consortium lenders. Second charge on fixed assets of the Paper Mill at WBIIDC's Falta Industrial Growth Centre,Phase-II, Falta, Dist.24 Parganas (S), West Bengal on pari bassu basis with other Working Capital Bankers.
Date of instrument modifying the charge	12.01.2011
Particulars of the present modification	By this modification, the overall limit is enhanced from Rs.404.900 millions to Rs.570.000 millions as stated under and charge on hypothecation current assets and movable fixed assets of the Company extended to secure the enhanced overall limit together with interest, costs and charges thereon: TL : Rs.300.000 millions CC : Rs.170.000 millions Import/Inland LC cum BG : Rs.100.000 millions Overall Limit : Rs.570.000 millions. All other terms and conditions continue to remain as before in full force and effect.

FIXED ASSETS :

· Land

· Building

· Plant and Machinery

· Furniture and Fixtures

· Computer

· Office Equipments

· Electrical Installations

· Motor Car

· Motor Cycle

· Material Handling Equipments

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.46.97
UK Pound	1	Rs.74.21
Euro	1	Rs.63.66

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	5
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		30

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.