MIRA INFORM REPORT

Report Date :

31.03.2012

IDENTIFICATION DETAILS

Name :	RIVIERA HOME FURNISHINGS PRIVATE LIMITED
Formerly Known As :	RUGS INDIA PRIVATE LIMITED
Registered Office :	501, 5^TH Floor, Aggarwal Corporate Heights, Netaji Subhash Place, Distrct Centre, Delhi – 110034
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	03.04.1995
Com. Reg. No.:	55-67065
Capital Investment / Paid-up Capital :	Rs.300.401 Millions
CIN No.: [Company Identification No.]	U74899DL1995PTC067065
TAN No.: [Tax Deduction & Collection Account No.]	RTKR04537B
PAN No.: [Permanent Account No.]	AAACR4448J
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturers and Exporters of Home Furnishings.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (48)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 3210000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is a well established company having satisfactory track. Trade relations are fair. Business is active. Payments are reported as usually correct and as per conditions. The company can be considered for normal 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 :	501, 5^TH Floor, Aggarwal Corporate Heights, Netaji Subhash Place, Distrct Centre, Delhi – 110034, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	riviera@rivieratex.com
Website :	http://www.rivieratex.com
Corporate Office :	Behind Khadi Ashram, G.T. Road, Panipat – 132 103, Haryana, India
Tel. No.:	91-180-4091200/ 2666401/ 2668401/ 2668402
Fax No.:	91-180-2666401/ 2665801

DIRECTORS

As on 30.09.2011

Name :

Mr. Kuldeep Singla

Designation :

Managing Director

Address :

A1/ 83, Sector 8, Rohini, Delhi – 110 085, India

Date of Birth/Age :

01/04/1958

Date of Appointment :

07/09/2009

DIN No.:

00024654

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	U74899DL1995PTC067065	RIVIERA HOME FURNISHINGS PRIVATE LIMITED	Managing director	07-09-09	03-04-95	-	Active	NO
2	U74899DL1995PLC070793	RAMTEX LIMITED	Director	13-07-95	13-07-95	-	Active	NO
3	U70101DL2005PTC137435	ASHUTOSH INFRA PRIVATE LIMITED	Director	09-06-05	09-06-05	-	Active	NO
4	U45201DL2006PTC145406	ANNAPURNA INFRASTRUCTURE PRIVATE LIMITED	Director	25-01-06	25-01-06	-	Active	NO
5	U70101DL2006PTC148521	AMERI ESTATES PRIVATE LIMITED	Director	29-04-06	29-04-06	14-11-11	Active	NO
6	U24233DL2006PTC150454	SEDONA HERBAL PRIVATE LIMITED	Director	01-07-06	01-07-06	-	Active	NO
7	U85121DL2006PTC152140	A2Z HERBAL BODY CARE PRIVATE LIMITED	Director	18-08-06	18-08-06	-	Active	NO
8	U65910DL2006PTC155746	Riverdale Investments Private Limited	Director	21-11-06	21-11-06	-	Active	NO
9	U72300DL2006PTC155789	RIVIERA COMPUTECH PRIVATE LIMITED	Director	22-11-06	22-11-06	-	Active	NO
10	U45200DL2006PTC156549	RIVERDALE INFRASTRUCTURES PRIVATE LIMITED	Director	14-12-06	14-12-06	-	Active	NO
11	U70109WB2006PTC133038	BULLAND BUILDMART PRIVATE LIMITED	Director	30-12-06	30-12-06	19-05-07	Amalgamated	NO
12	U52100DL2007PTC168647	RIVIERA HOME RETAILS PRIVATE LIMITED	Director	25-09-07	25-09-07	-	Active	NO
13	U74120DL2008PTC178055	RIVIERA RETAILS PRIVATE LIMITED	Director	13-05-08	13-05-08	19-09-08	Active	NO
14	U17290DL2007PTC170100	REJOICE TEXTILES PRIVATE LIMITED	Director	06-09-08	06-09-08	13-04-11	Active	NO
15	U17200DL2010PTC209124	RC HOME FURNISHINGS PRIVATE LIMITED	Director	05-10-10	05-10-10	-	Active	NO
16	U17120DL2010PTC211936	RUGS INDIA PRIVATE LIMITED	Director	30-12-10	30-12-10	-	Active	NO
17	U93030DL2011PTC213641	THS Hospitality and Management Services Private Limited	Director	09-02-11	09-02-11	-	Active	NO
18	U74140DL2011PTC213612	R CHAND AND SONS HOLDING PRIVATE LIMITED	Director	09-02-11	09-02-11	-	Active	NO
19	U14200DL2011PTC214355	KANSAI MINING PRIVATE LIMITED	Director	18-02-11	18-02-11	-	Active	NO
20	U51909DL2011PTC224004	KANSAI UDYOG PRIVATE LIMITED	Director	23-08-11	23-08-11	-	Active	NO
21	U51909DL2012PTC232582	KANSAI INTERNATIONAL PRIVATE LIMITED	Director	09-03-12	09-03-12	-	Active	NO
22	U45201DL2012PTC233072	KS VAASTU HOMES PRIVATE LIMITED	Director	16-03-12	16-03-12	-	Active	NO

Name :

Mrs. Rani Singla

Designation :

Director

Address :

Kothi No. 10, Sector11, Part 1, Huda, Panipat, Haryana, India

Experience :

01/07/1961

Date of Appointment :

03/04/1995

DIN No.:

00466422

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	U74899DL1995PTC067065	RIVIERA HOME FURNISHINGS PRIVATE LIMITED	Director	03-04-95	03-04-95	-	Active	NO
2	U45200DL2006PTC156526	RVC INFRASTRUCTURES PRIVATE LIMITED	Director	13-12-06	13-12-06	-	Active	NO
3	U45209DL2006PTC156548	RIVOLI DEVELOPERS PRIVATE LIMITED	Director	14-12-06	14-12-06	-	Active	NO
4	U15122DL2007PTC164543	REGENCY FOODS PRIVATE LIMITED	Director	08-06-07	08-06-07	-	Active	NO
5	U25190DL2008PTC182783	R S PROFILES PRIVATE LIMITED	Director	02-09-08	02-09-08	24-09-11	Active	NO
6	U17120DL2010PTC211936	RUGS INDIA PRIVATE LIMITED	Director	30-12-10	30-12-10	-	Active	NO
7	U93030DL2011PTC213641	THS HOSPITALITY AND MANAGEMENT SERVICES PRIVATE LIMITED	Director	09-02-11	09-02-11	-	Active	NO
8	U74140DL2011PTC213612	R CHAND AND SONS HOLDING PRIVATE LIMITED	Director	09-02-11	09-02-11	-	Active	NO

Name :

Mr. Vishesh Singla

Designation :

Director

Address :

A1/ 83, Sector 8, Rohini, Delhi – 110 085, India

Date of Birth/Age :

20/06/1982

Date of Appointment :

15/11/2006

DIN No.:

00024663

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	U45201DL2006PTC145406	ANNAPURNA INFRASTRUCTURE PRIVATE LIMITED	Director	25-01-06	25-01-06	-	Active	NO
2	U70101DL2006PTC148521	AMERI ESTATES PRIVATE LIMITED	Director	29-04-06	29-04-06	14-11-11	Active	NO
3	U24233DL2006PTC150454	SEDONA HERBAL PRIVATE LIMITED	Director	01-07-06	01-07-06	-	Active	NO
4	U85121DL2006PTC152140	A2Z HERBAL BODY CARE PRIVATE LIMITED	Director	18-08-06	18-08-06	-	Active	NO
5	U74899DL1995PTC067065	RIVIERA HOME FURNISHINGS PRIVATE LIMITED	Director	15-11-06	15-11-06	-	Active	NO
6	U65910DL2006PTC155746	RIVERDALE INVESTMENTS PRIVATE LIMITED	Director	21-11-06	21-11-06	-	Active	NO
7	U72300DL2006PTC155789	RIVIERA COMPUTECH PRIVATE LIMITED	Director	22-11-06	22-11-06	-	Active	NO
8	U45200DL2006PTC156526	RVC INFRASTRUCTURES PRIVATE LIMITED	Director	13-12-06	13-12-06	-	Active	NO
9	U45209DL2006PTC156548	RIVOLI DEVELOPERS PRIVATE LIMITED	Director	14-12-06	14-12-06	-	Active	NO
10	U45200DL2006PTC156549	RIVERDALE INFRASTRUCTURES PRIVATE LIMITED	Director	14-12-06	14-12-06	-	Active	NO
11	U20297DL2007PTC165789	ROCKHILL HOME FASHIONS PRIVATE LIMITED	Director	23-08-07	23-08-07	-	Active	NO
12	U17121DL2007PTC170101	REGENCY HOME FURNISHINGS PRIVATE LIMITED	Director	02-11-07	02-11-07	-	Active	NO
13	U55101DL2008PTC177495	OCEANS HOSPITALITY & ALLIED SERVICES PRIVATE LIMITED	Director	26-05-08	26-05-08	08-04-11	Active	NO

Name :

Mr. Pardeep Kumar

Designation :

Director

Address :

359, Sector 1112, Part I, Huda, Panipat – 132 103, Haryana, India

Date of Birth/Age :

18/04/1959

Date of Appointment :

15/11/2006

DIN No.:

00466455

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	U70101DL2005PTC137435	ASHUTOSH INFRA PRIVATE LIMITED	Director	09-06-05	09-06-05	-	Active	NO
2	U74899DL1995PTC067065	RIVIERA HOME FURNISHINGS PRIVATE LIMITED	Director	15-11-06	15-11-06	-	Active	NO
3	U25190DL2008PTC182783	R S PROFILES PRIVATE LIMITED	Director	02-09-08	02-09-08	24-09-11	Active	NO

Name :

Mr. Lalit Goel

Designation :

Director

Address :

A1/ 83, Sector 8, Rohini, Delhi – 110 085, India

Date of Birth/Age :

21/03/1968

Date of Appointment :

15/11/2006

DIN No.:

00499985

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	U70101DL2005PTC137435	ASHUTOSH INFRA PRIVATE LIMITED	Director	09-06-05	09-06-05	-	Active	NO
2	U74899HR2005PTC035961	PANIPAT COLLEGE OF TEXTILE TECHNOLOGY PRIVATE LIMITED	Director	14-12-05	14-12-05	03-04-09	Active	NO
3	U74899DL1995PTC067065	RIVIERA HOME FURNISHINGS PRIVATE LIMITED	Director	15-11-06	15-11-06	-	Active	NO
4	U70109WB2006PTC133038	BULLAND BUILDMART PRIVATE LIMITED	Director	19-05-07	19-05-07	12-07-08	Amalgamated	NO
5	U17291DL2006PTC153819	AKV TEX SOLUTIONS PRIVATE LIMITED	Director	20-09-07	20-09-07	28-03-09	Active	NO
6	U17121DL2007PTC170101	REGENCY HOME FURNISHINGS PRIVATE LIMITED	Director	02-11-07	02-11-07	-	Active	NO
7	U25203HR2008PTC038299	KING FISHER POLYMERS PRIVATE LIMITED	Director	26-08-08	26-08-08	27-06-09	Active	NO
8	U93000DL2012PTC229608	ALPINE HOME FURNISHINGS PRIVATE LIMITED	Director	03-01-12	03-01-12	-	Active	NO

Name :

Mr. Navdeep Singla

Designation :

Director

Address :

H. No. 10, Sector 1112, Part I, Huda, Panipat – 132 103, Haryana, India

Date of Birth/Age :

06/05/1986

Date of Appointment :

07/09/2009

DIN No.:

02564403

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	U74120DL2008PTC178055	RIVIERA RETAILS PRIVATE LIMITED	Additional director	26-02-09	26-02-09	28-02-09	Active	NO
2	U74899DL1995PTC067065	RIVIERA HOME FURNISHINGS PRIVATE LIMITED	Director	07-09-09	15-04-09	-	Active	NO
3	U14200DL2011PTC214355	KANSAI MINING PRIVATE LIMITED	Additional director	11-07-11	11-07-11	-	Active	NO
4	U51909DL2011PTC224004	KANSAI UDYOG PRIVATE LIMITED	Director	23-08-11	23-08-11	-	Active	NO
5	U51909DL2012PTC232582	KANSAI INTERNATIONAL PRIVATE LIMITED	Director	09-03-12	09-03-12	-	Active	NO
6	U45201DL2012PTC233072	KS VAASTU HOMES PRIVATE LIMITED	Director	16-03-12	16-03-12	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Isha Agarwal
Designation :	Secretary
Address :	Mandi Bans, House No. 22D\18, Near Arya Samaj, Moradabad – 244001, Uttar Pradesh, India
Date of Birth/Age :	16.06.1985
Date of Appointment :	15.07.2010
Pan No.:	AJSPA0893N

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Kuldeep Singla	15320440
Rani Singla	2403212
Vishesh Singla	2403204
Lalit Goel	2102804
Amit Kumar Goel	2102804
Pardeep Kumar	751004
Sulekha Goel	1351804
Prem Lata	1204604
Navdeep Singla	2403204
Total	30043080

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2011

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturers and Exporters of Home Furnishings.

Products :

Item Code No. (ITC Code)	57 and 63
Product Description	Textile Home Furnishing Items

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

• Bank of India, G.T. Road Branch, Panipat – 132 103, Haryana, India
• ABN Amro Bank
• State Bank of India, Specialised Commercial Branch, Merm Cell, Garg Plaza, Near Hotel Gold, G.T. Road, Panipat – 132 103, Haryana, India

Facilities :

Secured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Rupee term loans banks secured	443.737	410.666
Working capital loans banks secured	568.556	386.355
Loans taken for other fixed assets secured	26.792	32.324
Total	1039.085	829.345
Unsecured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Loans directors unsecured	21.334	79.838
Other debt unsecured	2.661	2.376
Interest accrued due other debt unsecured	0.319	0.285
Total	24.314	82.499

Banking Relations :	--
Auditors :
Name :	Pardeep Tayal and Company Chartered Accountants
Address :	Indian Bank Building, G. T. Road, Panipat – 132 103, Haryana, India
Tel. No.:	91-180-2649015/ 2634173
Fax No.:	91-180-2646198
PAN.:	AABFP3189J
Memberships :	Ameri Estates Private Limited CIN No.: U70101DL2006PTC148521 Riviera Retails Private Limited CIN No.: U74120DL2008PTC178055 Riviera Home Retails Private Limited CIN No.: U52100DL2007PTC168647

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
30500000	Equity Shares	Rs.10/- each	Rs.305.000 Millions
7500000	10% Cumulative Redeemable Preference Shares	Rs.10/- each	Rs.75.000 Millions
	TOTAL		Rs.375.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
30040080	Equity Shares	Rs.10/- each	Rs.300.401 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		300.401	375.401	150.100
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		502.310	336.672	297.652
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		802.711	712.073	447.752
LOAN FUNDS
1] Secured Loans		1039.085	829.345	482.194
2] Unsecured Loans		24.315	82.499	105.548
TOTAL BORROWING		1063.400	911.844	587.742
DEFERRED TAX LIABILITIES		81.320	58.283	34.361
TOTAL		1947.431	1628.200	1069.855
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1137.579	803.120	443.654
Capital work-in-progress		0.000	158.474	88.144
INVESTMENT		35.790	44.545	44.306
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	306.463	305.798	220.795
	Sundry Debtors	400.143	290.424	233.073
	Cash & Bank Balances	7.207	6.191	8.876
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	236.072	196.820	113.370
Total Current Assets		949.885	799.233	576.114
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	32.452	23.794	6.050
	Other Current Liabilities	82.726	72.647	54.156
	Provisions	60.645	26.731	22.157
Total Current Liabilities		175.823	123.172	82.363
Net Current Assets		774.062	676.061	493.751
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		1947.431	1628.200	1069.855

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	2237.875	2186.330	1429.358
		Other Income			192.341
		TOTAL (A)	2237.875	2186.330	1621.699
Less	EXPENSES
		Office Expenses	1864.766	1702.884	1451.132
		Administrative Expenses
		Advertising Expenses
		TOTAL (B)	1864.766	1702.884	1451.132
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		373.109	483.446	170.567
Less	FINANCIAL EXPENSES (D)		63.701	50.584	31.925
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		309.408	432.862	138.642
Less/ Add	DEPRECIATION/ AMORTISATION (F)		59.877	39.197	26.602
	PROFIT BEFORE TAX (E-F) (G)		249.531	393.665	112.040
Less	TAX (H)		83.682	120.658	32.383
	PROFIT AFTER TAX (G-H) (I)		165.849	273.007	79.656
	Earlier Taxation		0.211	0.059	(0.010)
	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		336.672	297.651	226.780
	APPROPRIATIONS
		Transfer to General Reserve	--	7.500	7.500
		Dividend	--	225.300	0.000
		Tax on Dividend	--	1.245	1.274
	BALANCE CARRIED TO THE B/S		427.310	336.672	297.651
	EARNINGS IN FOREIGN CURRENCY
		Finished Goods	1943.125	1867.128	1377.975
	TOTAL EARNINGS		1943.125	1867.128	1377.975
	IMPORTS
		Raw Materials	NA	3.640	21.733
		Packing Material	NA	1.608	0.383
		Capital Goods	NA	171.825	2.561
		Stores & Spares	NA	0.540	2.967
	TOTAL IMPORTS			177.613	27.644
	Earnings Per Share (Rs.)		5.51	8.79	2.36

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	7.41	12.49	4.91
Net Profit Margin (PBT/Sales)	(%)	NA	NA	7.84
Return on Total Assets (PBT/Total Assets}	(%)	11.95	24.57	10.99
Return on Investment (ROI) (PBT/Networth)		0.31	0.55	0.25
Debt Equity Ratio (Total Liability/Networth)		1.54	1.45	1.50
Current Ratio (Current Asset/Current Liability)		5.40	6.49	6.99

LOCAL AGENCY FURTHER INFORMATION

Form 8

Corporate identity number of the company	U74899DL1995PTC067065
Name of the company	RIVIERA HOME FURNISHINGS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	501, 5^TH Floor, Aggarwal Corporate Heights, Netaji Subhash Place, Distrct Centre, Delhi – 110034, India Email: riviera@rivieratex.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10157845
Type of charge	Book Debts Movable Property
Particular of charge holder	State Bank of India, Specialised Commercial Branch, Merm Cell, Garg Plaza, Near Hotel Gold, G.T. Road, Panipat – 132 103, Haryana, India Email: sbi.04050@sbi.co.in
Nature of instrument creating charge	1. Supplemental Agreement of loan for increase in the overall limit. 2. Supplemental Agreement of Hypothecation of goods and assets for increase in overall limit. 3. Supplemental Deed of guarantee for increase in overall limit. 4. Letter regarding the grant of individual limits with in the overall limit.
Date of instrument Creating the charge	22.06.2011
Amount secured by the charge	Rs.493.500 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest EPC/FBP-Presently 1.50% above base rate i.e.10.75% p.a. subject to change as per Bank's guidelines from time to time. Terms of Repayment Repayable on Demand Margin RM-25% SIP-25% FG-25% Extent and Operation of the charge First exclusive charge on the entire current assets of the company including RM, SIP, FG, present and future lying in the factory premises situated at Plot No-7,44 at Sector-29,HUDA and Unit II Behind Khadi Ashram, G. T. Road, Paniapt.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	1^st exclusive charge by way of Hypothecation over movable fixed assets of the company at Unit I situated at Plot No: 7 and 44, Sector-29,Panipat. 1^st exclusive charge by way of Hypothecation over movable fixed assets of the company at Unit II Behind Khadi Ashram, G. T. Road, Panipat. Except the new assets financed by Bank of India.
Date of instrument modifying the charge	15.03.2011
Particulars of the present modification	Modification in credit facilities by increasing the SLCBY Rs.50.000 millions. this increased the overall limit from Rs.443.500 millions and Rs.493.500 millions as follows EPC Rs.423.500 millions FBP(WITH IN EPC) (423.500 millions) SLC 50.000 millions FORWARD CONTRACT 20.000 millions

CONTINGENT LIABILITIES

Particulars	31.03.2011 (Rs. in millions)
Bank Guarantees issued on behalf of Company	0.300
Income Tax	24.130
Pending commitment for duty saved under EPCG License	1.664
Letter of Credit	1.536

FIXED ASSETS

• Freehold Land
• Leasehold Land
• Building
• Plant and Machinery
• Wind Turbine Generator
• Office Equipments
• Electric Equipments
• Furniture and Fixtures
• Vehicles

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.
UK Pound	1	Rs.
Euro	1	Rs.

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10
PAID-UP CAPITAL	1~10
OPERATING SCALE	1~10
FINANCIAL CONDITION
--BUSINESS SCALE	1~10
--PROFITABILIRY	1~10
--LIQUIDITY	1~10
--LEVERAGE	1~10
--RESERVES	1~10
--CREDIT LINES	1~10
--MARGINS	-5~5
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES/NO
--LITIGATION	YES/NO	YES/NO
--OTHER ADVERSE INFORMATION	YES/NO	YES/NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	YES/NO
--EXPORT ACTIVITIES	YES/NO	YES/NO
--AFFILIATION	YES/NO	YES/NO
--LISTED	YES/NO	YES/NO
--OTHER MERIT FACTORS	YES/NO	YES/NO
TOTAL

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.