MIRA INFORM REPORT

Report Date :

19.04.2012

IDENTIFICATION DETAILS

Name :	LOCUZ ENTERPRISE SOLUTIONS LIMITED
Registered Office :	No 4, 6^TH Floor Orion Tower Bldg # 9, Opposite Westin Hotel, Mindspace Cyberbad, Hyderabad – 500081, Andhra Pradesh, India
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	19.11.1999
Com. Reg. No.:	01-032881
Capital Investment/ Paid-up Capital:	Rs. 10.000 Millions
CIN No.: [Company Identification No.]	U72200AP1999PLC032881
TAN No.: [Tax Deduction & Collection Account No.]	HYDL00458D
PAN No.: [Permanent Account No.]	AAACL6270A
Legal Form :	A Closely held Public Limited Liability Company
Line of Business :	Providing Services of Infrastructure, Networking Solution.
No. of Employees:	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

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

Maximum Credit Limit :	USD 420000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is a well established and reputed company having fine track. Trade relations are fair. Financial position of the company is good. Business is active. Payments are reported as usually correct and as per commitments. The company can be considered good for business dealings at usual trade terms and conditions.

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
India	A1	A1

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

LOCATIONS

Registered Office/ Head Office :	No 4, 6^TH Floor Orion Tower Bldg # 9, Opposite Westin Hotel, Mindspace Cyberbad, Hyderabad – 500081, Andhra Pradesh, India
Tel. No.:	91-40-30509001/30509187
Fax No.:	91-40-30509006
E-Mail :	3iinfcompliance@gmail.com vwadhi@locuz.com
Regional Office1 :	2^nd Floor, Alfa Center, No. 20 Venugopal Swamy Layout, Koramangala Inner Ring Road, Bangalore-560047, Karnataka, India
Tel. No.:	91-80-40506800
Fax No.:	91-80-41314748
Regional Office 2:	C/o 3iInfotech Limited, MIDC, Andheri (East), Mumbai – 400 093, Maharashtra, India
Tel. No.:	91-22-39814592
Branch Office :	Located at: Ø Pune Ø Chennai Ø Delhi Ø Kolkata Overseas Office : Singapore

DIRECTORS

(AS ON 26.07.2011)

Name :

Mr. Vijay Kumar Wadhi

Designation :

Managing Director

Address :

No.107, Manasarover Villa Greens Gandipet, Hyderabad – 500 075, Andhra Pradesh, India

Date of Birth/Age :

14.11.1960

Qualification :

MBA

Date of Appointment :

19.11.1999

DIN No.:

00087657

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	U72200AP1999PLC032881	LOCUZ ENTERPRISE SOLUTIONS LIMITED	Managing director	1/4/2011	19/11/1999	-	Active	NO
2	U74200AP2005PTC045798	SILICON BUSINESS SOLUTIONS PRIVATE LIMITED	Managing director	2/4/2007	1/4/2005	-	Active	NO

Name :

Mr. Amar Chintopanth

Designation :

Director

Address :

1403 Tower 4, Raheja Tipco Heights, Rani Sati Marg, Malad (E) Mumbai 400097 Maharashtra, India

Date of Birth/Age :

12.05.1959

Date of Appointment :

21.10.2010

DIN No.:

00048789

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	U72200AP1998PLC030267	SDG SOFTWARE TECHNOLOGIES LIMITED	Director	1/12/2005	1/12/2005	-	Amalgamated	NO
2	U74140KA1971PTC002038	DATACONS PRIVATE LIMITED	Director	19/07/2007	10/5/2006	-	Amalgamated	NO
3	U67120MH1992PTC065018	DELTA SERVICES (INDIA) PRIVATE LIMITED	Director	25/07/2007	28/07/2006	-	Amalgamated	NO
4	U72900MH2001PLC132441	3i Infotech Trusteeship Services Limited	Director	30/09/2006	31/08/2006	-	Active	NO
5	U64120MH1995PTC188884	STEX SOFTWARE PVT LTD	Director	19/07/2007	7/11/2006	29/09/2008	Amalgamated	NO
6	U74899MH1994PTC187229	E-ENABLE TECHNOLOGIES PRIVATE LIMITED.	Director	17/12/2010	20/11/2006	-	Amalgamated	NO
7	L67120MH1993PLC074411	3i Infotech Limited	Whole-time director	17/01/2012	17/01/2007	-	Active	NO
8	U72200TN2002PTC048799	PROFESSIONAL ACCESS SOFTWARE DEVELOPMENT PRIVATE LIMITED	Director	8/5/2007	8/5/2007	-	Active	NO
9	U74140MH2002PTC193002	KNM SERVICES PRIVATE LIMITED	Director	28/05/2007	28/05/2007	30/06/2008	Amalgamated	NO
10	U74999DL1992PLC050683	AOK IN HOUSE BPO SERVICES LIMITED	Director	28/05/2007	28/05/2007	-	Active	NO
11	U74999DL2004PTC125334	AOK IN-HOUSE FACTORING SERVICES PRIVATE LIMITED	Director	11/6/2007	11/6/2007	-	Active	NO
12	U72200MH2007PTC195863	Manipal Informatics Private Limited	Director	25/07/2008	23/08/2007	-	Amalgamated	NO
13	U74140KA2007PTC060369	Taxsmile.com India Private Limited	Nominee director	10/9/2007	10/9/2007	30/12/2010	Active	NO
14	U72900MH2007PLC176323	3i Infotech Consultancy Services Limited	Director	30/11/2007	30/11/2007	-	Active	NO
15	U74899DL1990PLC039478	3i Infotech BPO Limited	Director	29/08/2008	3/12/2007	9/2/2012	Active	NO
16	U66000MH2008PLC179932	KENILWORTH INSURANCE BROKING COMPANY LIMITED	Director	11/3/2008	11/3/2008	31/12/2010	Active	NO
17	U74220MH1999PTC123121	FINENG SOLUTIONS PRIVATE LIMITED	Director	23/09/2008	9/6/2008	10/6/2010	Amalgamated	NO
18	U72900KA2008PLC060368	eMudhra Consumer Services Limited	Director	16/06/2008	16/06/2008	30/12/2010	Active	NO
19	U72200AP1999PLC032881	LOCUZ ENTERPRISE SOLUTIONS LIMITED	Director	26/07/2011	21/10/2010	-	Active	NO
20	U74999MH2011FLC215259	3i Infotech Outsourcing Services Limited	Director	24/03/2011	24/03/2011	-	Active	NO
21	U72200TN2000PTC045956	J&B SOFTWARE INDIA PRIVATE LIMITED	Additional director	19/01/2012	19/01/2012	-	Active	NO

Name :

Mr. Shivanand Rama Shettigar

Designation :

Director

Address :

14, Balambika CHS, Chedda Nagar, Chembur, Mumbai - 400 089, Maharashtra, India

Date of Birth/Age :

13.03.1965

Date of Appointment :

02.06.2008

DIN No.:

00209835

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	U74140KA1971PTC002038	DATACONS PRIVATE LIMITED	Director	19/07/2007	10/5/2006	-	Amalgamated	NO
2	U72900MH2001PLC132441	3i Infotech Trusteeship Services Limited	Director	30/09/2006	31/08/2006	-	Active	NO
3	U74140MH2002PTC193002	KNM SERVICES PRIVATE LIMITED	Director	28/05/2007	28/05/2007	-	Amalgamated	NO
4	U74999DL2004PTC125334	AOK IN-HOUSE FACTORING SERVICES PRIVATE LIMITED	Director	28/05/2007	28/05/2007	-	Active	NO
5	U74999DL1992PLC050683	AOK IN HOUSE BPO SERVICES LIMITED	Director	28/05/2007	28/05/2007	-	Active	NO
6	U74999MH2004PTC144376	HCCA BUSINESS SERVICES PRIVATE LIMITED	Director	29/08/2007	29/08/2007	12/8/2011	Active	NO
7	U74140KA2007PTC060369	Taxsmile.com India Private Limited	Nominee director	10/9/2007	10/9/2007	30/12/2010	Active	NO
8	U72200TN2000PTC045956	J&B SOFTWARE INDIA PRIVATE LIMITED	Director	25/07/2008	6/11/2007	-	Active	NO
9	U72900MH2007PLC176323	3i Infotech Consultancy Services Limited	Director	30/11/2007	30/11/2007	-	Active	NO
10	U66000MH2008PLC179932	KENILWORTH INSURANCE BROKING COMPANY LIMITED	Director	11/3/2008	11/3/2008	17/01/2009	Active	NO
11	U72200AP1999PLC032881	LOCUZ ENTERPRISE SOLUTIONS LIMITED	Director	21/07/2008	2/6/2008	-	Active	NO
12	U74220MH1999PTC123121	FINENG SOLUTIONS PRIVATE LIMITED	Director	23/09/2008	9/6/2008	-	Amalgamated	NO
13	U72900KA2008PLC060368	eMudhra Consumer Services Limited	Director	28/08/2009	25/06/2008	30/12/2010	Active	NO
14	U64120MH1995PTC188884	STEX SOFTWARE PVT LTD	Director	29/09/2008	25/07/2008	-	Amalgamated	NO
15	U74899MH1994PTC187229	E-ENABLE TECHNOLOGIES PRIVATE LIMITED.	Director	29/09/2008	25/07/2008	-	Amalgamated	NO
16	U74899DL1990PLC039478	3i Infotech BPO Limited	Director	27/07/2009	27/11/2008	-	Active	NO
17	U72200TN2002PTC048799	PROFESSIONAL ACCESS SOFTWARE DEVELOPMENT PRIVATE LIMITED	Director	17/01/2009	17/01/2009	-	Active	NO
18	U74999MH2011FLC215259	3i Infotech Outsourcing Services Limited	Director	24/03/2011	24/03/2011	-	Active	NO

Name :

Mr. Uttam Kumar Majumdar

Designation :

Whole Time Director

Address :

1-7-200/1, Kamala Nagar Ecil, Hyderabad – 500 001, Andhra Pradesh, India.

Date of Birth/Age :

09.09.1973

Qualification :

B. Tech

Date of Appointment :

01.04.2011

DIN No.:

00087668

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	U72200AP1999PLC032881	LOCUZ ENTERPRISE SOLUTIONS LIMITED	Whole-time director	1/4/2011	19/11/1999	-	Active	NO

Name :

Mr. Kota Venkata Durganadh

Designation :

Whole Time Director

Address :

F33, 6-3-630-12 and 3, Symphony Dwellings, Hyderabad – 500 004, Andhra Pradesh, India

Date of Birth/Age :

28.09.1973

Qualification :

B. Tech, MBA

Date of Appointment :

05.12.2010

DIN No.:

01325018

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	U72200AP1999PLC032881	LOCUZ ENTERPRISE SOLUTIONS LIMITED	Whole-time director	5/12/2010	5/12/2005	-	Active	NO

Name :

Mr. Lakshminarayanam Sogathur Chakravarthy

Designation :

Director

Address :

A-403, Plot No. 13-14, Amrita Sadan, Sector 22 Oppositse Nerul Station, Nerul (West), Navi Mumbai-400706, Maharashtra, India

Date of Birth/Age :

14.06.1974

Date of Appointment :

02.06.2008

DIN No.:

02182569

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	U72200AP1999PLC032881	LOCUZ ENTERPRISE SOLUTIONS LIMITED	Director	21/07/2008	2/6/2008	-	Active	NO
2	U74140MH2002PTC193002	KNM SERVICES PRIVATE LIMITED	Director	28/07/2009	8/12/2008	-	Amalgamated	NO
3	U66000MH2008PLC179932	KENILWORTH INSURANCE BROKING COMPANY LIMITED	Director	28/07/2009	17/01/2009	31/03/2011	Active	NO
4	U72200TN2000PTC045956	J&B SOFTWARE INDIA PRIVATE LIMITED	Director	15/09/2010	12/5/2010	-	Active	NO
5	U74220MH1999PTC123121	FINENG SOLUTIONS PRIVATE LIMITED	Director	22/07/2010	10/6/2010	-	Amalgamated	NO
6	U74999MH2004PTC144376	HCCA BUSINESS SERVICES PRIVATE LIMITED	Director	10/8/2011	21/10/2010	12/8/2011	Active	NO
7	U74999DL1992PLC050683	AOK IN HOUSE BPO SERVICES LIMITED	Director	25/07/2011	21/10/2010	-	Active	NO
8	U74899DL1990PLC039478	3i Infotech BPO Limited	Director	25/07/2011	21/10/2010	-	Active	NO
9	U74999DL2004PTC125334	AOK IN-HOUSE FACTORING SERVICES PRIVATE LIMITED	Director	25/07/2011	21/10/2010	-	Active	NO
10	U72900MH2007PLC176323	3i Infotech Consultancy Services Limited	Director	28/06/2011	21/10/2010	-	Active	NO
11	U74899MH1994PTC187229	E-ENABLE TECHNOLOGIES PRIVATE LIMITED.	Additional director	21/10/2010	21/10/2010	-	Amalgamated	NO
12	U72200MH2007PTC195863	Manipal Informatics Private Limited	Additional director	21/10/2010	21/10/2010	-	Amalgamated	NO
13	U64120MH1995PTC188884	STEX SOFTWARE PVT LTD	Additional director	21/10/2010	21/10/2010	-	Amalgamated	NO
14	U67120MH1992PTC065018	DELTA SERVICES (INDIA) PRIVATE LIMITED	Additional director	21/10/2010	21/10/2010	-	Amalgamated	NO
15	U72900MH2001PLC132441	3i Infotech Trusteeship Services Limited	Director	22/07/2011	30/12/2010	-	Active	NO
16	U74999MH2011FLC215259	3i Infotech Outsourcing Services Limited	Director	24/03/2011	24/03/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 26.07.2011)

Names of Shareholders	No. of Shares
Vijay Kumar Wadhi	92663
Uttam Kumar Majumdar	96230
3i Infotech Limited, India	740000
Poonam Wadhi	16442
Ramesh Chander Wadhi	5252
Gyan Kumari	9898
Deepak Majumdar	16375
Durganadh Venkata Kota	18200
Mohammed Arifuddin	1560
Asit Sahoo	1300
M. Saravana	1040
Ravi Balakrishna Rajuladevi	1040
Total	1000000

(AS ON 26.07.2011)

Category	Percentage
Bodies corporate	74.00
Directors or relatives of directors	26.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Providing Services of Infrastructure, Networking Solution.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Ø State Bank of India, Old MLA Quarters-1880, Hyderabad-500029, Andhra Pradesh, India

Ø IDBI Bank Limited, 224-A, Mittal Court, A-Wing, Nariman Point, Mumbai-400021, Maharashtra, India

Ø The South Indian Bank Limited, Tilak Road, Hyderabad 500001, Andhra Pradesh, India

Rs. In Millions

Facilities :

SECURED LOANS	As on 31.03.2011	As on 31.03.2010
Rupee term loans banks secured	52.486	33.400
Total	52.486	33.400
SECURED LOANS	As on 31.03.2011	As on 31.03.2010
Rupee term loans others unsecured	2.121	3.685
Other debt unsecured		8.500
Total	2.121	12.185

Banking Relations :	--
Auditors :
Name :	R B Kabra And Company Chartered Accountant
Address :	4-1-917 Parsi Lane, Tilak Road
Phone No:	91-04-24753843
Pan Number:	AAEFR3093C
Holding Company:	3i Infotech Limited, India

CAPITAL STRUCTURE

(AS ON 26.07.2011)

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs.10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs.10.000 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		10.000	10.000	10.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		95.355	44.037	39.287
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		105.355	54.037	49.287
LOAN FUNDS
1] Secured Loans		52.486	33.401	5.066
2] Unsecured Loans		2.121	12.185	18.794
TOTAL BORROWING		54.607	45.586	23.860
DEFERRED TAX LIABILITIES		3.455	4.260	3.428
TOTAL		163.417	103.883	76.575
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		30.398	34.937	56.012
Capital work-in-progress		50.297	50.298	0.000
INVESTMENT		0.021	0.021	0.026
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	11.522	7.542	10.515
	Sundry Debtors	482.782	306.666	110.103
	Cash & Bank Balances	22.041	27.107	56.798
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	58.226	45.097	28.970
Total Current Assets		574.571	386.412	206.386
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	322.991	259.083	132.268
	Other Current Liabilities	148.104	107.271	50.881
	Provisions	20.775	1.431	2.700
Total Current Liabilities		491.870	367.785	185.849
Net Current Assets		82.701	18.627	20.537
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		163.417	103.883	76.575

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	1294.169	848.893	592.920
		Other Income	27.166	25.291	23.465
		TOTAL (A)	1321.335	874.184	616.385
Less	EXPENSES
		Consumption materials changes in inventories	1107.696	698.745
		Employee related Expenses	73.166	69.874
		Administrative selling other Expenses	45.058	83.883
		TOTAL (B)	1225.920	852.502	594.475
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		95.415	21.682	21.910
Less	FINANCIAL EXPENSES (D)		18.250	11.528	8.709
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		77.165	10.154	13.201
Less/ Add	DEPRECIATION/ AMORTISATION (F)		5.877	3.141	2.441
	PROFIT BEFORE TAX (E-F) (G)		71.288	7.013	10.760
Less	TAX (H)		19.970	2.262	0.916
	PROFIT AFTER TAX (G-H) (I)		51.318	4.751	9.844
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		44.037	39.286	29.442
	BALANCE CARRIED TO THE B/S		95.355	44.037	39.286
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	22.010	17.150	22.260
	TOTAL EARNINGS		22.010	17.150	22.260
	Earnings Per Share (Rs.)		51.32	4.75	5.84

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	3.88	0.54	1.60
Net Profit Margin (PBT/Sales)	(%)	5.51	0.83	1.81
Return on Total Assets (PBT/Total Assets}	(%)	11.78	1.66	4.10
Return on Investment (ROI) (PBT/Networth)		0.68	0.13	0.22
Debt Equity Ratio (Total Liability/Networth)		4.67	7.65	4.25
Current Ratio (Current Asset/Current Liability)		1.17	1.05	1.11

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report [Yes/No]
Year of Establishment	Yes
Locality of the Firm	Yes
Construction of the firm	Yes
Premises details	No
Type of Business	Yes
Line of Business	Yes
Promoters background	Yes
No. of Employees	No
Name of Person Contacted	No
Designation of contact person	No
Turnover of firm for last three years	Yes
Profitability for last three years	Yes
Reasons for variation <> 20%	-
Estimation for coming financial year	No
Capital the business	Yes
Details of sister concerns	Yes
Major Suppliers	No
Major Customers	No
Payment Terms	No
Export / Import Details [If Applicable]	No
Market Information	-
Litigations that the firm / promoter involved in	-
Banking Details	Yes
Banking Facility Details	No
Conduct of the banking account	-
Buyer visit details	-
Financials, if provided	Yes
Incorporation details, if applicable	Yes
Last accounts filed at ROC	Yes
Major Shareholders, if applicable	Yes

NOTE:

Registered office of the company has been shifted from 4-1-938/31-35, New No. 3, Tilak Road, ABIDS, Hyderabad – 500 001, Andhra Pradesh to the present address w.e.f 01.02.2011

FINANCIAL RESULTS:

In the financial year 2010-11 the Company earned, overall revenue of Rs. 1321.33 Millions a growth of 51.16% over the corresponding period of the previous year.

REVIEW OF OPERATION:

During the year 3i Infotech Limited, by virtue of Share Purchase Agreement dated April 9, 2008 acquired further 26% shares of the Company. 3i Infotech Limited now holds 74% shares of the Company.

Bankers Charges Report as per Registry

Corporate identity number of the company	U72200AP1999PLC032881
Name of the company	LOCUZ ENTERPRISE SOLUTIONS LIMITED
Address of the registered office or of the principal place of business in India of the company	No 4, 6^TH Floor Orion Tower Bldg # 9, Opposite Westin Hotel, Mindspace Cyberbad, Hyderabad – 500081, Andhra Pradesh, India 3iinfcompliance@gmail.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10170062
Type of charge	· Book Debts · Movable Property · Floating Charge
Particular of charge holder	IDBI Bank Limited, 224-A, Mittal Court, A-Wing, Nariman Point, Mumbai - 400 021, Maharashtra, India E-Mail: vijaya.sekhar@idbi.co.in
Nature of instrument creating charge	Supplemental deed of hypothecation dated 27.09.2011
Date of instrument Creating the charge	27.09.2011
Amount secured by the charge	Rs. 320.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest As per Sanction letter ref no: IDBI/NPT/MCG/11-12/66 dated 30/08/2011 and as amended from time to time. Terms of repayment: As per Sanction letter ref no: IDBI/NPT/MCG/11-12/66 dated 30/08/2011 and as amended from time to time Margin: As per Sanction letter ref no: IDBI/NPT/MCG/11-12/66 dated 30/08/2011 and as amended from time to time Extent and operation of the charge: First pari passu charge on the entire current assets of the Company both present and future by way of hypothecation to secure the due repayment of credit facility to the tune of Rs. 320.000 Millions together with interest and other costs.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	First pari passu charge by way of hypothecation on entire current assets viz. entire stock of raw materials, semi finished goods, finished goods, consumable stores, spares and other movables including Debts, bills, outstanding monies, receivables both present and future of the company an whole movable properties
Date of last modification prior to the present modification	29.07.2010
Particulars of the present modification	With this modification, first charge on the company's current assets both present and future created vide original charge has been extended to secure the enhancement of credit facilities from existing limit of Rs.290.000 Millions to Rs. 320.000 Millions together with interest and other costs.

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. 51.50
UK Pound	1	Rs. 81.99
Euro	1	Rs. 67.54

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		47

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.