MIRA INFORM REPORT

Report Date :

26.04.2012

IDENTIFICATION DETAILS

Name :	MALABAR GOLD PRIVATE LIMITED
Registered Office :	41/2299, 3^rd Floor, Malabar Gate, Ram Mohan Road, Puthiyara, P O Calicut – 673004, Kerala
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	19.06.2001
Com. Reg. No.:	09-014804
Capital Investment / Paid-up Capital :	Rs.9.000 Millions
CIN No.: [Company Identification No.]	U52393KL2001PTC014804
TAN No.: [Tax Deduction & Collection Account No.]	CHNM01311C
PAN No.: [Permanent Account No.]	AAADCM9043R
Legal Form :	Private Limited Liability Company
Line of Business :	The company is carrying on the business of dealing in gold, diamond and precious stone jewellery
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 760000
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 and as per commitments. The company can be considered normal for business dealings at suaul 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 :	41/2299, 3^rd Floor, Malabar Gate, Ram Mohan Road, Puthiyara, P O Calicut – 673004, Kerala, India
Tel. No.:	91-495-2726916
Fax No.:	91-495-2724533
E-Mail :	corporateafairs@malabargroup.com care.in@malabargoldanddiamonds.com
Website :	www.mymalabargold.com

DIRECTORS

As on 19.09.2011

Name :

Mr. Ahammed Madathum Parambath

Designation :

Managing Director

Address :

5/2697- H, Malabar Hills Housing Colony, K P Chandran Road, Puthiyara, Calicut 673004, Kerala, India

Date of Birth/Age :

01.11.1957

Date of Appointment :

19.06.2001

DIN No.:

00016575

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	U17292KL1994PTC007987	MALABAR SILKS AND SAREES PRIVATE LIMITED	Managing director	17/06/1994	17/06/1994	-	Active	NO
2	U70101KL1995PTC009762	MALABAR REALTORS PRIVATE LIMITED	Managing director	11/12/1995	11/12/1995	-	Active	NO
3	U55101KL1999PTC012858	MALABAR HOSPITALITY SERVICES PRIVATE LIMITED	Director	5/3/1999	5/3/1999	-	Active	NO
4	U52393KL2001PTC014804	MALABAR GOLD PRIVATE LIMITED	Managing director	19/06/2001	19/06/2001	-	Active	NO
5	U70101KL1958PTC001812	MALABAR BUSINESS CENTRE PRIVATE LIMITED	Director	10/5/2002	10/5/2002	-	Active	NO
6	U51398KL2003PTC016082	MALABAR JEWELS AND GEMS PRIVATE LIMITED	Director	9/4/2003	9/4/2003	-	Active	NO
7	U36911KL2003PTC016159	MALABAR GOLD ORNAMENTS MAKERS PRIVATE LIMITED	Director	23/05/2003	23/05/2003	-	Active	NO
8	U51398KL2003PTC016237	MALABAR ORNAMENTS PRIVATE LIMITED	Director	24/06/2003	24/06/2003	-	Active	NO
9	U51398KL2003PTC016458	MALABAR COLLECTIONS PRIVATE LIMITED	Director	17/09/2003	17/09/2003	-	Active	NO
10	U51398KL2004PTC017157	MALABAR CREATIONS PRIVATE LIMITED	Director	1/6/2004	1/6/2004	-	Active	NO
11	U45209KL2004PTC017219	MALABAR CASTLE PRIVATE LIMITED	Director	3/1/2008	25/06/2004	-	Active	NO
12	U51394KL2004PTC016915	MALABAR WATCHES PRIVATE LIMITED	Director	20/12/2004	20/12/2004	-	Active	NO
13	U45201KL2005PLC017850	MALABAR BUILDERS INDIA LIMITED	Director	13/01/2010	28/01/2005	-	Active	NO
14	U45202KL2005PTC018334	MALABAR MANGALORE ARCADE PRIVATE LIMITED	Director	22/06/2005	22/06/2005	-	Active	NO
15	U36911KL2005PTC018335	MALABAR GOLD SUPER MARKET (KANNUR) PRIVATE LIMITED	Director	23/01/2009	22/06/2005	-	Active	NO
16	U52393KL2005PTC018793	MALABAR ROYAL DESIGNS (HYDERABAD) PRIVATE LIMITED	Director	10/11/2005	10/11/2005	-	Active	NO
17	U45201KL2005PTC018917	MALABAR TOWNSHIPS PRIVATE LIMITED	Director	9/12/2005	9/12/2005	-	Active	NO
18	U52393KL2006PTC019222	MALABAR INTERNATIONAL GOLD DESIGNS PRIVATE LIMITED	Director	2/8/2007	1/4/2006	-	Active	NO
19	U45201KL2006PTC019766	MALABAR HIGHVIEW BUILDERS PRIVATE LIMITED	Director	24/08/2006	24/08/2006	-	Active	NO
20	U74994KL2006PTC019457	TIMBERTUNES DESIGNS AND INTERIORS PRIVATE LIMITED	Additional director	25/08/2006	25/08/2006	17/06/2009	Active	NO
21	U45209KL2006PTC019786	MALABAR COMMERCIAL PLAZA PRIVATE LIMITED	Managing director	11/11/2010	28/08/2006	-	Active	NO
22	U52393KL2006PTC019295	MALABAR RETNA MAHAL PRIVATE LIMITED	Director	1/9/2007	20/09/2006	-	Active	NO
23	U36911KL1997PTC011338	AL AHALI BUSINESS TRADE LINKS PRIVATE LIMITED	Director	30/09/2006	30/09/2006	-	Active	NO
24	U45202KL2006PTC020130	QUEENCITY REALTORS PRIVATE LIMITED	Director	27/12/2006	27/12/2006	-	Active	NO
25	U45209KL2006PTC020133	MALABAR SHOPPERS CENTRE PRIVATE LIMITED	Director	27/12/2006	27/12/2006	-	Active	NO

Name :

Mr. Veerankutty K P

Designation :

Director

Address :

5/1912-B, Kandambath, St. Vincent Colony Road, Eranhipalam Post, Calicut 673006, Kerala, India

Date of Birth/Age :

15.07.1950

Date of Appointment :

19.06.2001

DIN No.:

00016686

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	U17292KL1994PTC007987	MALABAR SILKS AND SAREES PRIVATE LIMITED	Director	17/06/1994	17/06/1994	-	Active	NO
2	U70101KL1995PTC009762	MALABAR REALTORS PRIVATE LIMITED	Director	11/12/1995	11/12/1995	-	Active	NO
3	U55101KL1999PTC012858	MALABAR HOSPITALITY SERVICES PRIVATE LIMITED	Director	5/3/1999	5/3/1999	-	Active	NO
4	U52393KL2001PTC014804	MALABAR GOLD PRIVATE LIMITED	Director	19/06/2001	19/06/2001	-	Active	NO
5	U36911KL2003PTC016159	MALABAR GOLD ORNAMENTS MAKERS PRIVATE LIMITED	Director	22/08/2004	22/08/2004	-	Active	NO
6	U70101KL1958PTC001812	MALABAR BUSINESS CENTRE PRIVATE LIMITED	Director	18/12/2004	18/12/2004	-	Active	NO
7	U51394KL2004PTC016915	MALABAR WATCHES PRIVATE LIMITED	Director	20/12/2004	20/12/2004	-	Active	NO
8	U52393KL2005PTC018265	MALABAR GOLD PALACE PRIVATE LIMITED	Managing director	7/6/2005	7/6/2005	-	Active	NO
9	U52393KL2006PTC019222	MALABAR INTERNATIONAL GOLD DESIGNS PRIVATE LIMITED	Managing director	20/02/2006	20/02/2006	28/04/2008	Active	NO
10	U45202KL2005PTC018794	MALABAR TOWERS PRIVATE LIMITED	Director	27/09/2006	27/09/2006	-	Active	YES
11	U52599KL2006PTC020129	MALABAR EQUIPMENTS AND GENERAL TRADERS PRIVATE LIMITED	Director	24/12/2007	2/2/2007	-	Active	NO
12	U45202KL2007PTC020450	MALABAR EDIFICE PRIVATE LIMITED	Director	2/9/2008	17/03/2007	-	Active	NO
13	U51398KL2007PTC020980	MALABAR JEWELS FORT PRIVATE LIMITED	Managing director	22/06/2007	22/06/2007	-	Active	NO
14	U45202KL2007PTC020982	ZEWAR COMMERCIAL CONSTRUCTIONS PRIVATE LIMITED	Managing director	22/06/2007	22/06/2007	-	Active	NO
15	U70102KL2007PTC021075	MALABAR MOUNTAIN INFRA DEVELOPERS PRIVATE LIMITED	Managing director	27/07/2007	27/07/2007	-	Active	NO
16	U52393KL2007PTC021369	LUSTER GOLD PALACE (INDIA) PRIVATE LIMITED	Managing director	30/10/2007	30/10/2007	23/05/2011	Active	NO
17	U52393KL2008PTC022493	PATINA GOLD ORNAMENTS PRIVATE LIMITED	Managing director	26/05/2008	26/05/2008	-	Active	NO
18	U51398KL2008PTC022577	MG PRECIOUS STONE TRADING VENTURES PRIVATE LIMITED	Director	11/6/2008	11/6/2008	-	Active	NO
19	U52393KL2008PTC022607	TRAVANCORE GOLD INDIA PRIVATE LIMITED	Director	13/06/2008	13/06/2008	6/7/2010	Active	NO
20	U36911KL2009PTC024368	SHEEN GOLDEN JEWELS (INDIA) PRIVATE LIMITED	Director	25/06/2009	25/06/2009	-	Active	NO
21	U51398KL2010PTC025426	PALATIAL GOLD ORNAMENTS PRIVATE LIMITED	Director	29/01/2010	29/01/2010	-	Active	NO
22	U51398KL2010PTC025975	DAWN JEWEL ARCADE (THIRUVALLA) PRIVATE LIMITED	Director	7/5/2010	7/5/2010	-	Active	NO
23	U51398KL2010PTC026091	PROMINENT JEWEL ARCADE PRIVATE LIMITED	Director	1/6/2010	1/6/2010	-	Active	NO
24	U51398KL2010PTC026164	UNITY JEWEL ARCADE PRIVATE LIMITED	Director	9/6/2010	9/6/2010	-	Active	NO
25	U52393KL2007PTC020264	MALABAR DAZZLE INDIA PRIVATE LIMITED	Director	27/07/2011	10/2/2011	-	Active	NO

Name :

Mr. Mayankutty C

Designation :

Director

Address :

16/333, Cholakkal House, Down Hill Post, Malappuram – 676519, Kerala, India

Date of Birth/Age :

10.07.1954

Date of Appointment :

28.12.2003

DIN No.:

00017550

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	U70101KL1995PTC009762	MALABAR REALTORS PRIVATE LIMITED	Director	25/09/1997	25/09/1997	15/02/2010	Active	NO
2	U55101KL1999PTC012858	MALABAR HOSPITALITY SERVICES PRIVATE LIMITED	Director	5/3/1999	5/3/1999	-	Active	NO
3	U36911KL2003PTC016159	MALABAR GOLD ORNAMENTS MAKERS PRIVATE LIMITED	Director	22/08/2004	22/08/2004	-	Active	NO
4	U51398KL2003PTC016237	MALABAR ORNAMENTS PRIVATE LIMITED	Director	23/09/2004	23/09/2004	-	Active	NO
5	U52393KL2001PTC014804	MALABAR GOLD PRIVATE LIMITED	Director	30/09/2004	30/09/2004	-	Active	NO
6	U45209KL2004PTC017219	MALABAR CASTLE PRIVATE LIMITED	Director	17/12/2004	17/12/2004	30/11/2007	Active	NO
7	U70101KL1958PTC001812	MALABAR BUSINESS CENTRE PRIVATE LIMITED	Director	18/12/2004	18/12/2004	-	Active	NO
8	U51394KL2004PTC016915	MALABAR WATCHES PRIVATE LIMITED	Director	20/12/2004	20/12/2004	-	Active	NO
9	U45201KL2005PLC017850	MALABAR BUILDERS INDIA LIMITED	Director	20/09/2005	20/09/2005	-	Active	NO
10	U51398KL2003PTC016458	MALABAR COLLECTIONS PRIVATE LIMITED	Director	30/09/2005	30/09/2005	-	Active	NO
11	U45201KL2006PTC019766	MALABAR HIGHVIEW BUILDERS PRIVATE LIMITED	Director	13/11/2006	13/11/2006	-	Active	NO
12	U52393KL2005PTC018265	MALABAR GOLD PALACE PRIVATE LIMITED	Director	24/09/2008	24/09/2008	-	Active	NO
13	U85110KL1995PLC008677	MALABAR INSTITUTE OF MEDICAL SCIENCES LIMITED	Director	29/07/2011	29/07/2011	-	Active	NO

Name :

Dr. Ibrahimhaji Pallikere Abdulla

Designation :

Director

Address :

14/436, Noormahal, Jolly Nagar, Pallikkere Post, Kasaragod- 671316, Kerala, India

Date of Birth/Age :

06.09.1943

Date of Appointment :

22.09.2004

DIN No.:

00017148

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	U50102KL1984PTC004009	INDUS MOTOR COMPANY PRIVATE LIMITED	Director	20/01/1986	20/01/1986	-	Active	NO
2	U55100KA1990PTC011380	HOTEL NEW RAINBOW PRIVATE LIMITED	Director	17/10/1991	17/10/1991	6/10/2009	Active	NO
3	U65993KL1992PTC006666	BELL INFRASTRUCTURE PRIVATE LIMITED	Managing director	2/1/2012	11/11/1992	-	Active	NO
4	U85110KA1995PLC019150	NALPAD KUNIL DEVELOPERS LIMITED	Director	13/11/1995	13/11/1995	-	Active	NO
5	U85110TZ1992PLC003894	TEXCITY MEDICAL CENTRE AND HOSPITALS LIMITED	Director	28/09/1996	28/09/1996	-	Active	NO
6	U51398KL2003PTC016458	MALABAR COLLECTIONS PRIVATE LIMITED	Managing director	6/11/2003	6/11/2003	-	Active	NO
7	U51398KL2003PTC016237	MALABAR ORNAMENTS PRIVATE LIMITED	Director	23/09/2004	23/09/2004	-	Active	NO
8	U52393KL2001PTC014804	MALABAR GOLD PRIVATE LIMITED	Director	30/09/2004	30/09/2004	-	Active	NO
9	U51398KL2003PTC016082	MALABAR JEWELS AND GEMS PRIVATE LIMITED	Director	5/10/2004	5/10/2004	-	Active	NO
10	U45209KL2004PTC017219	MALABAR CASTLE PRIVATE LIMITED	Director	17/12/2004	17/12/2004	30/11/2007	Active	NO
11	U51398KL2004PTC017157	MALABAR CREATIONS PRIVATE LIMITED	Director	17/12/2004	17/12/2004	-	Active	NO
12	U70101KL1958PTC001812	MALABAR BUSINESS CENTRE PRIVATE LIMITED	Director	18/12/2004	18/12/2004	-	Active	NO
13	U51394KL2004PTC016915	MALABAR WATCHES PRIVATE LIMITED	Director	20/12/2004	20/12/2004	-	Active	NO
14	U70200KA2005PTC035436	P-PLUS DEVELOPERS PRIVATE LIMITED	Managing director	25/10/2007	17/01/2005	-	Active	NO
15	U45201KL2005PLC017850	MALABAR BUILDERS INDIA LIMITED	Director	20/09/2005	20/09/2005	-	Active	NO
16	U45201KL2005PTC018917	MALABAR TOWNSHIPS PRIVATE LIMITED	Managing director	9/12/2005	9/12/2005	-	Active	NO
17	U52393KL2006PTC019222	MALABAR INTERNATIONAL GOLD DESIGNS PRIVATE LIMITED	Managing director	28/04/2008	20/02/2006	-	Active	NO
18	U74994KL2006PTC019457	TIMBERTUNES DESIGNS AND INTERIORS PRIVATE LIMITED	Additional director	25/08/2006	25/08/2006	17/06/2009	Active	NO
19	U45202KL2005PTC018334	MALABAR MANGALORE ARCADE PRIVATE LIMITED	Director	26/09/2006	26/09/2006	-	Active	NO
20	U36911KL1997PTC011338	AL AHALI BUSINESS TRADE LINKS PRIVATE LIMITED	Director	30/09/2006	30/09/2006	-	Active	NO
21	U45201KL2006PTC019766	MALABAR HIGHVIEW BUILDERS PRIVATE LIMITED	Director	13/11/2006	13/11/2006	-	Active	NO
22	U45202KL2005PTC018794	MALABAR TOWERS PRIVATE LIMITED	Director	29/04/2008	29/04/2008	-	Active	YES
23	U51398KL2008PTC022577	MG PRECIOUS STONE TRADING VENTURES PRIVATE LIMITED	Nominee director	20/08/2008	20/08/2008	-	Active	NO
24	U36911KL2008PTC022587	MBMG DIAMONDS PRIVATE LIMITED	Nominee director	2/9/2008	2/9/2008	-	Active	NO
25	U45200KL2008PTC023132	HYDRA BUILDERS & DEVELOPERS PRIVATE LIMITED	Managing director	10/9/2008	10/9/2008	-	Active	NO

Name :

Mr. Abdul Majeed Mozhangal

Designation :

Director

Address :

Madathum Parambath House, Karayad Post, Calicut, 673524, Kerala, India

Date of Birth/Age :

20.02.1964

Date of Appointment :

19.06.2001

DIN No.:

00226042

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	U52393KL2001PTC014804	MALABAR GOLD PRIVATE LIMITED	Director	19/06/2001	19/06/2001	-	Active	NO
2	U36911KL2003PTC016159	MALABAR GOLD ORNAMENTS MAKERS PRIVATE LIMITED	Director	22/08/2004	22/08/2004	-	Active	NO
3	U52393KL2006PTC019295	MALABAR RETNA MAHAL PRIVATE LIMITED	Director	25/01/2007	3/3/2006	9/2/2009	Active	NO
4	U45202KL2007PTC020450	MALABAR EDIFICE PRIVATE LIMITED	Managing director	6/3/2007	6/3/2007	-	Active	NO
5	U52393KL2005PTC018265	MALABAR GOLD PALACE PRIVATE LIMITED	Director	24/09/2008	24/09/2008	-	Active	NO
6	U51398KL2009PTC024005	MUGHAL GOLD ORNAMENT MAKERS PRIVATE LIMITED	Director	31/03/2009	31/03/2009	-	Active	NO
7	U52393KL2009PTC024506	BLOSSOM GOLD COLLECTIONS PRIVATE LIMITED	Director	24/07/2009	24/07/2009	-	Active	NO
8	U52393KL2008PTC022635	GLISTEN GOLD COLLECTIONS PRIVATE LIMITED	Director	28/09/2010	4/5/2010	-	Active	NO
9	U51398KL2010PTC025975	DAWN JEWEL ARCADE (THIRUVALLA) PRIVATE LIMITED	Managing director	7/5/2010	7/5/2010	-	Active	NO
10	U51398KL2010PTC026078	EMINENT JEWEL ARCADE PRIVATE LIMITED	Director	26/05/2010	26/05/2010	-	Active	NO
11	U51398KL2010PTC026091	PROMINENT JEWEL ARCADE PRIVATE LIMITED	Director	1/6/2010	1/6/2010	-	Active	NO
12	U36911KL1997PTC011338	AL AHALI BUSINESS TRADE LINKS PRIVATE LIMITED	Managing director	26/07/2011	20/01/2011	-	Active	NO
13	U52393KL2006PTC019223	MALABAR PRECIOUS JEWELS (INDIA) PRIVATE LIMITED	Director	13/07/2011	24/01/2011	-	Active	NO
14	U51909KL2010PTC026411	VIBRANT JEWEL ARCADE PRIVATE LIMITED	Additional director	2/2/2012	2/2/2012	-	Active	NO
15	U51398KL2010PTC026777	FOCUS JEWEL ARCADE PRIVATE LIMITED	Additional director	5/3/2012	5/3/2012	-	Active	NO

Name :

Mr. Asher 0ttamoochillal

Designation :

Director

Address :

Door No: 20/1128, Mons, Cherumanassery Road, Kallai Post, Calicut – 673003, Kerala, India

Date of Birth/Age :

25.01.1969

Date of Appointment :

19.06.2001

DIN No.:

00016721

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	U52393KL2001PTC014804	MALABAR GOLD PRIVATE LIMITED	Director	19/06/2001	19/06/2001	-	Active	NO
2	U51398KL2003PTC016082	MALABAR JEWELS AND GEMS PRIVATE LIMITED	Managing director	6/11/2003	6/11/2003	-	Active	NO
3	U36911KL2003PTC016159	MALABAR GOLD ORNAMENTS MAKERS PRIVATE LIMITED	Director	22/08/2004	22/08/2004	-	Active	NO
4	U52393KL2006PTC019273	MALABAR CRYSTALS AND DIAMONDS PRIVATE LIMITED	Managing director	10/1/2007	10/1/2007	-	Active	NO
5	U52393KL2007PTC020264	MALABAR DAZZLE INDIA PRIVATE LIMITED	Director	7/4/2007	22/01/2007	-	Active	NO
6	U52393KL2007PTC021037	VAJRA CREATIONS PRIVATE LIMITED	Director	9/7/2007	9/7/2007	-	Active	NO
7	U52393KL2007PTC021369	LUSTER GOLD PALACE (INDIA) PRIVATE LIMITED	Director	30/10/2007	30/10/2007	-	Active	NO
8	U74300KL2006PTC019079	GAZZAZ GLOBAL AD-VISIONS PRIVATE LIMITED	Director	19/09/2008	21/12/2007	-	Active	NO
9	U70102KL2007PTC021620	ROYAL MOUNT PROPERTY DEVELOPERS PRIVATE LIMITED	Managing director	28/12/2007	28/12/2007	-	Active	NO
10	U52393KL2006PTC019952	MALABAR DIAMOND GALLERY PRIVATE LIMITED	Director	26/09/2008	10/1/2008	-	Active	NO
11	U52393KL2006PTC019222	MALABAR INTERNATIONAL GOLD DESIGNS PRIVATE LIMITED	Director	28/04/2008	28/04/2008	-	Active	NO
12	U52393KL2008PTC022562	SWARNA KAMAL JEWELS (INDIA) PRIVATE LIMITED	Managing director	9/6/2008	9/6/2008	12/7/2010	Active	NO
13	U51398KL2008PTC022577	MG PRECIOUS STONE TRADING VENTURES PRIVATE LIMITED	Managing director	11/6/2008	11/6/2008	-	Active	NO
14	U36911KL2008PTC022587	MBMG DIAMONDS PRIVATE LIMITED	Nominee director	2/9/2008	11/6/2008	-	Active	NO
15	U52393KL2005PTC018793	MALABAR ROYAL DESIGNS (HYDERABAD) PRIVATE LIMITED	Director	22/09/2009	1/12/2008	-	Active	NO
16	U52393KL2007PTC020142	MALABAR RUBY PRIVATE LIMITED	Director	10/8/2009	13/03/2009	-	Active	NO
17	U36911KL2009PTC024369	BLAZE GOLD JEWELS PRIVATE LIMITED	Director	25/06/2009	25/06/2009	-	Active	NO
18	U45202KL2007PTC020967	FORT-IN INFRA DEVELOPERS PRIVATE LIMITED	Director	30/09/2010	29/09/2009	-	Active	NO
19	U51398KL2010PTC025426	PALATIAL GOLD ORNAMENTS PRIVATE LIMITED	Managing director	29/01/2010	29/01/2010	-	Active	NO
20	U51398KL2010PTC026164	UNITY JEWEL ARCADE PRIVATE LIMITED	Director	9/6/2010	9/6/2010	-	Active	NO
21	U51909KL2010PTC026411	VIBRANT JEWEL ARCADE PRIVATE LIMITED	Director	23/07/2010	23/07/2010	-	Active	NO
22	U51398KL2010PTC026777	FOCUS JEWEL ARCADE PRIVATE LIMITED	Director	27/09/2010	27/09/2010	-	Active	NO
23	U51398KL2010PTC026091	PROMINENT JEWEL ARCADE PRIVATE LIMITED	Managing director	28/02/2011	28/02/2011	-	Active	NO
24	U36911KL2006PTC020140	FORTUNE ORNAMENTS MAKERS PRIVATE LIMITED	Director	19/09/2011	23/03/2011	-	Active	NO
25	U51394KL2004PTC016915	MALABAR WATCHES PRIVATE LIMITED	Director	30/07/2011	23/03/2011	-	Active	NO

Name :

Mr. Nishad A K

Designation :

Director

Address :

5/2697 H-5, Malabar Hills Housing Colony, K.P Chandran Road, Puthiyara, Calicut – 673004, Kerala, India

Date of Birth/Age :

01.01.1971

Date of Appointment :

19.06.2001

DIN No.:

00016601

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	U70101KL1995PTC009762	MALABAR REALTORS PRIVATE LIMITED	Director	7/6/2000	7/6/2000	15/02/2010	Active	NO
2	U55101KL1999PTC012858	MALABAR HOSPITALITY SERVICES PRIVATE LIMITED	Director	31/01/2001	31/01/2001	-	Active	NO
3	U52393KL2001PTC014804	MALABAR GOLD PRIVATE LIMITED	Director	19/06/2001	19/06/2001	-	Active	NO
4	U36911KL2003PTC016159	MALABAR GOLD ORNAMENTS MAKERS PRIVATE LIMITED	Managing director	23/05/2003	23/05/2003	-	Active	NO
5	U45209KL2004PTC017219	MALABAR CASTLE PRIVATE LIMITED	Director	25/06/2004	25/06/2004	30/11/2007	Active	NO
6	U51398KL2003PTC016237	MALABAR ORNAMENTS PRIVATE LIMITED	Director	23/09/2004	23/09/2004	5/12/2008	Active	NO
7	U51398KL2004PTC017157	MALABAR CREATIONS PRIVATE LIMITED	Director	17/12/2004	17/12/2004	-	Active	NO
8	U70101KL1958PTC001812	MALABAR BUSINESS CENTRE PRIVATE LIMITED	Director	18/12/2004	18/12/2004	-	Active	NO
9	U51394KL2004PTC016915	MALABAR WATCHES PRIVATE LIMITED	Director	20/12/2004	20/12/2004	-	Active	NO
10	U45201KL2005PLC017850	MALABAR BUILDERS INDIA LIMITED	Managing director	13/01/2010	28/01/2005	-	Active	NO
11	U52393KL2005PTC018333	MALABAR GOLD JEWELS (TIRUR) PRIVATE LIMITED	Director	15/05/2007	22/06/2005	10/12/2008	Active	NO
12	U74994KL2006PTC019457	TIMBERTUNES DESIGNS AND INTERIORS PRIVATE LIMITED	Additional director	25/08/2006	25/08/2006	12/12/2007	Active	NO
13	U45209KL2006PTC019786	MALABAR COMMERCIAL PLAZA PRIVATE LIMITED	Director	26/12/2007	12/10/2006	-	Active	NO
14	U45201KL2006PTC019766	MALABAR HIGHVIEW BUILDERS PRIVATE LIMITED	Director	13/11/2006	13/11/2006	-	Active	NO
15	U36911KL2006PTC020140	FORTUNE ORNAMENTS MAKERS PRIVATE LIMITED	Director	29/12/2006	29/12/2006	-	Active	NO
16	U52393KL2007PTC020142	MALABAR RUBY PRIVATE LIMITED	Director	2/1/2007	2/1/2007	-	Active	NO
17	U45202KL2007PTC020490	MALABAR COCHIN ARCADE PRIVATE LIMITED	Director	15/03/2007	15/03/2007	-	Active	NO
18	U45209KL2006PTC020133	MALABAR SHOPPERS CENTRE PRIVATE LIMITED	Director	28/12/2007	19/05/2007	-	Active	NO
19	U70102KL2007PTC021038	LIGHTWAY LAND DEVELOPERS INDIA PRIVATE LIMITED	Managing director	9/7/2007	9/7/2007	-	Active	NO
20	U70102KL2007PTC021619	WHITEMOUNT PROPERTY DEVELOPERS PRIVATE LIMITED	Director	9/1/2010	28/12/2007	-	Active	NO
21	U70101KL2008PTC021758	WHITELAND DEVELOPERS PRIVATE LIMITED	Director	29/01/2008	29/01/2008	-	Active	NO
22	U70102KL2005PTC018048	AAGAZ PROPERTIES PRIVATE LIMITED	Managing director	13/08/2008	20/03/2008	20/08/2010	Active	NO
23	U70101KL2008PTC022519	FERVENT BUILDERS AND DEVELOPERS PRIVATE LIMITED	Director	29/05/2008	29/05/2008	-	Active	NO
24	U52393KL2008PTC022607	TRAVANCORE GOLD INDIA PRIVATE LIMITED	Director	13/01/2010	13/06/2008	6/7/2010	Active	NO

Name :

Mr. Shamlal M P

Designation :

Director

Address :

5/2697 H-5, Malabar Hills Housing Colony, K.P Chandran Road, Puthiyara, Calicut – 673004, Kerala, India

Date of Birth/Age :

30.04.1981

Date of Appointment :

19.06.2001

DIN No.:

0016631

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	U52393KL2001PTC014804	MALABAR GOLD PRIVATE LIMITED	Director	19/06/2001	19/06/2001	-	Active	NO
2	U51394KL2004PTC016915	MALABAR WATCHES PRIVATE LIMITED	Director	4/3/2004	4/3/2004	30/07/2011	Active	NO
3	U36911KL2003PTC016159	MALABAR GOLD ORNAMENTS MAKERS PRIVATE LIMITED	Director	22/08/2004	22/08/2004	-	Active	NO
4	U52393KL2005PTC018265	MALABAR GOLD PALACE PRIVATE LIMITED	Director	7/6/2005	7/6/2005	-	Active	NO
5	U45201KL2005PLC017850	MALABAR BUILDERS INDIA LIMITED	Director	20/09/2005	20/09/2005	-	Active	NO
6	U45202KL2005PTC018794	MALABAR TOWERS PRIVATE LIMITED	Director	7/9/2007	10/11/2005	29/04/2008	Active	YES
7	U74300KL2006PTC019079	GAZZAZ GLOBAL AD-VISIONS PRIVATE LIMITED	Director	17/01/2006	17/01/2006	-	Active	NO
8	U52393KL2006PTC019223	MALABAR PRECIOUS JEWELS (INDIA) PRIVATE LIMITED	Director	20/02/2006	20/02/2006	-	Active	NO
9	U52393KL2006PTC019273	MALABAR CRYSTALS AND DIAMONDS PRIVATE LIMITED	Director	3/3/2006	3/3/2006	-	Active	NO
10	U74994KL2006PTC019457	TIMBERTUNES DESIGNS AND INTERIORS PRIVATE LIMITED	Director	24/05/2006	24/05/2006	12/12/2007	Active	NO
11	U52393KL2006PTC019952	MALABAR DIAMOND GALLERY PRIVATE LIMITED	Director	27/10/2006	27/10/2006	12/3/2012	Active	NO
12	U45201KL2006PTC019766	MALABAR HIGHVIEW BUILDERS PRIVATE LIMITED	Director	13/11/2006	13/11/2006	-	Active	NO
13	U52599KL2006PTC020129	MALABAR EQUIPMENTS AND GENERAL TRADERS PRIVATE LIMITED	Director	26/12/2006	26/12/2006	-	Active	NO
14	U45202KL2006PTC020130	QUEENCITY REALTORS PRIVATE LIMITED	Managing director	26/12/2006	26/12/2006	-	Active	NO
15	U45209KL2006PTC020133	MALABAR SHOPPERS CENTRE PRIVATE LIMITED	Managing director	27/12/2006	27/12/2006	-	Active	NO
16	U52393KL2007PTC020264	MALABAR DAZZLE INDIA PRIVATE LIMITED	Director	22/01/2007	22/01/2007	1/6/2010	Active	NO
17	U45202KL2007PTC020450	MALABAR EDIFICE PRIVATE LIMITED	Director	6/3/2007	6/3/2007	-	Active	NO

Name :

Mr. Beeran Koya Kakkodi

Designation :

Director

Address :

9/876,Kakkodi House, Kakkodi Post, Calicut – 673611, Kerala, India

Date of Birth/Age :

15.03.1937

Date of Appointment :

28.12.2003

DIN No.:

00023441

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	U51394KL2004PTC016915	MALABAR WATCHES PRIVATE LIMITED	Managing director	4/3/2004	4/3/2004	-	Active	NO
2	U52393KL2001PTC014804	MALABAR GOLD PRIVATE LIMITED	Director	30/09/2004	30/09/2004	-	Active	NO

Name :

Mr. Abdul Salam K P

Designation :

Director

Address :

6/118, Kandabath House, Uralloor Post, Calicut 673322, Kerala, India

Date of Birth/Age :

26.05.1959

Date of Appointment :

28.12.2003

DIN No.:

00017008

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	U17292KL1994PTC007987	MALABAR SILKS AND SAREES PRIVATE LIMITED	Director	17/06/1994	17/06/1994	-	Active	NO
2	U51398KL2003PTC016237	MALABAR ORNAMENTS PRIVATE LIMITED	Director	23/09/2004	23/09/2004	-	Active	NO
3	U52393KL2001PTC014804	MALABAR GOLD PRIVATE LIMITED	Director	30/09/2004	30/09/2004	-	Active	NO
4	U51394KL2004PTC016915	MALABAR WATCHES PRIVATE LIMITED	Director	20/12/2004	20/12/2004	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 19.09.2011

Names of Shareholders	No. of Shares
Veerankutty K P	360
Ahammed M P	1530
Nishad A K	450
Shamlal M P	900
Abdul Majeed M	180
Asher O	180
Dr. Ibrahim Haji P A	1440
Abdul Salam K P	720
Beeran Koya K	450
Ahammed Basheer M P	180
Mayankutty C	630
Abdul Samad K	270
Jabbar Kappan	270
Soujath Asher	270
Faisal A K	270
Shareej V S	180
Shafeekh V S	180
Abdul Rauf C	270
Abdul Razack C	270
Total	9000

As on 19.09.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	94.00
Other top fifty shareholders	6.00
Total	100.00

BUSINESS DETAILS

Line of Business :

The company is carrying on the business of dealing in gold, diamond and precious stone jewellery

Product :

Service Description	ITC Code
Trading in Jewellery Items	71081300

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

State Bank of Travancore, Kozhikode Main Branch, Kozhikode - 673001, Kerala, India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2011	As on 31.03.2010
Rupee term loans banks secured	1.561	3.159
Total	1.561	3.159
Unsecured Loan	As on 31.03.2011	As on 31.03.2010
Rupee term loans others unsecured	586.882	308.739
Total	586.882	308.739

Banking Relations :	--
Auditors :
Name :	P A Hameed and Associates Chartered Accountants
Address :	6/1201, First Floor Aysha Building Cherooty Road North End Kozhikode -673032 India
PAN.:	AAMFP6604R
Subsidiaries :	Malabar Gold Ornaments Makers Private Limited (CIN No. U36911KL2003PTC016159) Malabar Realtors Private Limited (CIN No. U70101KL1995PTC009762) Malabar Diamond Gallery Private Limited (CIN No. U52393KL2006PTC019952)

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
330000	Equity Shares	Rs.1000/- each	Rs.330.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
9000	Equity Shares	Rs.1000/- each	Rs.9.000 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		9.000	9.000	4.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		183.091	74.599	17.133
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		192.091	83.599	21.133
LOAN FUNDS
1] Secured Loans		1.561	3.159	3.897
2] Unsecured Loans		586.882	308.739	173.190
TOTAL BORROWING		588.443	311.898	177.087
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		780.534	395.497	198.220
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		21.494	13.503	12.586
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		384.377	76.311	78.005
DEFERREX TAX ASSETS		0.049	0.120	0.326
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	29.052	0.308	0.000
	Sundry Debtors	6.923	1.330	4.662
	Cash & Bank Balances	30.054	12.913	5.613
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	657.209	372.860	146.310
Total Current Assets		723.238	387.411	156.585
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	2.109	0.521	0.694
	Other Current Liabilities	259.321	49.994	32.491
	Provisions	88.794	31.333	16.137
Total Current Liabilities		350.224	81.848	49.322
Net Current Assets		373.014	305.563	107.263
MISCELLANEOUS EXPENSES		1.600	0.000	0.040
TOTAL		780.534	395.497	198.220

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	13695.806	5853.514	796.903
		Other Income
		TOTAL (A)	13695.806	5853.514	796.903
Less	EXPENSES
		Office Expenses
		Administrative Expenses	13523.617	5761.308	770.685
		Advertising Expenses
		TOTAL (B)	13523.617	5761.308	770.685
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		172.189	92.206	26.218
Less	FINANCIAL EXPENSES (D)		1.095	1.391	2.291
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		171.094	90.815	23.927
Less/ Add	DEPRECIATION/ AMORTISATION (F)		4.484	2.522	3.301
	PROFIT BEFORE TAX (E-F) (G)		166.610	88.293	20.626
Less	TAX (H)		57.531	31.414	7.322
	PROFIT AFTER TAX (G-H) (I)		109.079	56.879	13.304
	Earnings Per Share (Rs.)		12119.89	6319.87	26

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.80	0.97	1.67
Return on Total Assets (PBT/Total Assets}	(%)	22.37	22.02	12.15
Return on Investment (ROI) (PBT/Networth)		0.87	1.06	0.98
Debt Equity Ratio (Total Liability/Networth)		4.89	4.71	10.71
Current Ratio (Current Asset/Current Liability)		2.07	4.73	3.17

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report (Yes / No)
1) Year of Establishment	Yes
2) Locality of the firm	Yes
3) Constitutions of the firm	Yes
4) Premises details	No
5) Type of Business	Yes
6) Line of Business•	Yes
7) Promoter’s background	Yes
8) No. of employees	No
9) Name of person contacted	No
10) Designation of contact person	No
11) Turnover of firm for last two years	Yes
12) Profitability for last three years	Yes
13) Reasons for variation <> 20%	--
14) Estimation for coming financial year	No
15) Capital in the business	Yes
16) Details of sister concerns	Yes
17) Major suppliers	No
18) Major customers	No
19) Payments terms	No
20) Export / Import details (if applicable)	No
21) Market information	--
22) Litigations that the firm / promoter	--
23) Banking Details	Yes
24) Banking facility details	Yes
25) Conduct of the banking account	--
26) Buyer visit details	--
27) Financials, if provided	Yes
28) Incorporation details, if applicable	Yes
29) Last accounts filed at ROC	Yes
30) Major Shareholders, if available	Yes

Background

The company is carrying on the business of dealing in gold, diamond and precious stone jewelry through its franchisees, buying and selling of bullion for such franchisees and investing in the down stream franchisee company the company is the proprietor of popular brand MALABAR GOLD

DIAMOND INDUSTRY – INDIA

- From time immemorial, India is well known in the world as the birthplace for diamonds.  It is difficult to trace the origin of diamonds but history says that in the remote past, diamonds were mined only in India. Diamond production in India can be traced back to almost 8th Century B.C.  India, in fact, remained undisputed leader till 18th Century when Brazilian fields were discovered in 1725 followed by emergence of S. Africa, Russia and Australia.

- The achievement of the Indian diamond industry was possible only due to combination of the manufacturing skills of the Indian workforce and the untiring and unflagging efforts of the Indian diamantaires, supported by progressive Government policies.

- The area of study of family owned diamond businesses derives its importance from the huge conglomerate of family run organizations which operate in the diamond industry since many generations.

- Some of the basic traits of family run business enterprises include spirit of entrepreneurship, mutual trust lowers transaction costs, small, nimble and quick to react, information as a source of advantage and philanthropy.

- Family owned diamond businesses need to improve on many fronts including higher standard of corporate governance, long-term performance – focused strategies, modern management and technology.

- The diamond jewellery industry in India today may be more than Rs.60000 mil and is rated amongst the fastest growing in the world. Indi ranks third in the world in domestic diamond consumption.

- Utmost caution is to be exercised while dealing with some medium and large diamond traders which are usually engaged in fictitious import – export, inter-company transactions, financially assisted by banks. In the process, several public sector banks lost several hundred million rupees. They mostly diverted borrowed money for diamond business into real estate and capital markets.

- Excerpts from Times of India dated 30th October 2010 is as under –

DIAMOND SAGA – DIRTY DOZEN STUCK WITH 2K CR DEBT

This could be the biggest credibility crisis the Indian diamond industry has ever faced. Fifteen banks run the risk of losing Rs 2000 crore lent to a dozen diamond firms in Surat. Until about two months ago, they had not repaid  these dues. Bankers believe many diamantaires borrowed money during the economic downturn two years ago and diverted funds to businesses like real estate and capital markets. Many of themselves made money from these businesses but their diamond companies have gone sick and declared insolvency.

- Most of the money borrowed from the banks in the name of their diamond business has been diverted in real estate and the share market. The banks are not in a position to seize their properties because in many cases, these were purchased in the name of their relatives and friends.

Bankers Charges Report as per Registry

Corporate identity number of the company	U52393KL2001PTC014804
Name of the company	MALABAR GOLD PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	41/2299, 3rd Floor, Malabar Gate, Ram Mohan Road, Puthiyara, P O Calicut – 673004, Kerala, India corporateaffairs@malabargroup.com
This form is for	Creation of charge
Type of charge	Book debts Others (Stocks)
Particular of charge holder	State Bank of Travancore, Kozhikode Main Branch, Kochikode – 673001, Kerala, India calicut@sbt.co.in
Nature of instrument creating charge	1. Hypothecation Agreement of Goods and Assets - Details Attached 2. Letter Regarding The Grant of Individual Limits Within The Overall Working Capital Limit- Details Attached 3. Sanction Letter - Details Attached
Date of instrument Creating the charge	27.10.2010
Amount secured by the charge	Rs.30.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest At 6% above Base Rate subject to a minimum of 14% p.a. Terms of Repayment As per the agreement. Margin 30% for stock and 40% for receivables up to a cover period of 90 days. Extent and Operation of the charge Hypothecation of stock and receivables as the primary Security
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Hypothecation of stock and receivables as the primary Security

Fixed Assets:

• Air Conditioners
• Mile Set
• Paper Shredder
• Stabilzer
• Generator
• Infocus Multimedia Projector
• Photoste Machine
• Television
• Camera
• Ups
• DVD Player
• Music Systems
• Vacuum Cleaner
• Weighing Machine
• Fan
• Plant and Machinery
• Vehicles
• Computer
• Furniture and Fittings

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.52.49
UK Pound	1	Rs.84.66
Euro	1	Rs.69.25

INFORMATION DETAILS

Report Prepared by :

NTH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
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	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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		48

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.