MIRA INFORM REPORT

Report Date :

28.04.2012

IDENTIFICATION DETAILS

Name :	RAJKA DESIGNS PRIVATE LIMITED
Registered Office :	705, Kaivannanr Panchavati, Ellisebridge, Ahmedabad – 380006, Gujarat
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	06.10.1980
Com. Reg. No.:	04-003969
Capital Investment / Paid-up Capital :	Rs.0.880 Million
CIN No.: [Company Identification No.]	U51909GJ1980PTC003969
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturers of Cotton Made - up, Furnishing and Garments
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (28)

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

Maximum Credit Limit :	USD 86000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track. The company has incurred a loss in the current year. However, trade relations are reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some cautions.

NOTES :

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

ECGC Country Risk Classification List – 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 :	705, Kaivannanr Panchavati, Ellisebridge, Ahmedabad – 380006, Gujarat, India
Tel. No.:	91-79-26440201
Fax No.:	91-79-26440209
E-Mail :	utpalinvestment@sanchanet.in
Website :	http://www.rajka.com
Corporate Office :	Villa Fonseca, 33, Camp Sadar Bazar, Ahmedabad – 380003, Gujarat, India
Tel. No.:	91-79-22865310/22861245
Fax No.:	91-73-22866462
E-Mail :	info@rajka.com

DIRECTORS

As on 17.09.2011

Name :

Mr. Umesh Kanubhai Shah

Designation :

Director

Date of Birth/Age :

10.03.1954

Date of Appointment :

13.05.2006

DIN No.:

00289241

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U51909GJ1980PTC003969	RAJKA DESIGNS PRIVATE LIMITED	Director	27-09-06	13-05-06	Active	NO

Name :

Mr. Kartikeya Vikram Sarabhai

Designation :

Director

Date of Birth/Age :

27.11.1947

Date of Appointment :

05.02.2007

DIN No.:

00313585

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	U92411GJ1960PTC000945	CHIDAMBARAM PRIVATE LIMITED	Director	13-07-66	13-07-66	-	Active	NO
2	U65910GJ1972PTC002050	DARPANA INVESTMENTS PRIVATE LIMITED	Director	27-07-72	27-07-72	-	Active	NO
3	U65910GJ1975PTC002751	VISTAR INVESTMENTS PRIVATE LIMITED	Director	26-07-75	26-07-75	-	Active	NO
4	U65910GJ1975PTC002755	VICHAR INVESTMENTS PRIVATE LIMITED	Director	26-07-75	26-07-75	-	Active	NO
5	U65910GJ1975PTC002762	VIMUKHTI INVESTMENTS PRIVATE LIMITED	Director	28-07-75	28-07-75	-	Active	NO
6	U65910GJ1975PTC002760	VIMAL INVESTMENTS PRIVATE LIMITED	Director	28-07-75	28-07-75	-	Active	NO
7	U65910GJ1975PTC002767	VIGNAN INVESTMENTS PRIVATE LIMITED	Director	28-07-75	28-07-75	-	Active	NO
8	U65910GJ1975PTC002781	VIVIDH INVESTMENTS PRIVATE LIMITED	Director	28-07-75	28-07-75	-	Active	NO
9	U65910GJ1975PTC002761	VIBHUTI INVESTMENTS PRIVATE LIMITED	Director	28-07-75	28-07-75	-	Active	NO
10	U65910GJ1975PTC002784	VYAVAHAR INVESTMENTS PRIVATE LIMITED	Director	30-07-75	30-07-75	-	Active	NO
11	U65910GJ1975PTC002832	VAHINI INVESTMENTS PRIVATE LIMITED	Director	10-10-75	10-10-75	-	Active	NO
12	U65910GJ1975PTC002843	VARAHAS INVESTMENTS PRIVATE LIMITED	Director	22-10-75	22-10-75	-	Active	NO
13	U65910GJ1975PTC002840	VIDATHA INVESTMENT PRIVATE LIMITED	Director	22-10-75	22-10-75	-	Active	NO
14	U65910GJ1975PTC002839	VAYASYA INVESTMENTS PRIVATE LIMITED	Director	22-10-75	22-10-75	-	Active	NO
15	U65910GJ1975PTC002841	VACHAS INVESTMENTS PRIVATE LIMITED	Director	22-10-75	22-10-75	-	Active	NO
16	U65910GJ1975PTC002842	VITAPIN INVESTMENTS PRIVATE LIMITED	Director	22-10-75	22-10-75	-	Active	NO
17	U65990GJ1975PTC002844	VICHANDA INVESTMENTS PRIVATE LIMITED	Director	27-10-75	27-10-75	-	Active	NO
18	U24231GJ1977PTC003036	SUVIK HITEK PRIVATE LIMITED	Director	26-08-77	26-08-77	25-03-10	Active	NO
19	U65990GJ1977PTC003037	SUVIK INVESTMENTS PRIVATE LIMITED	Director	16-12-82	16-12-82	-	Strike off	NO
20	U22190GJ1983PTC005917	MAPIN PUBLISHING PRIVATE LIMITED	Director	01-03-83	01-03-83	-	Active	NO
21	U31100GJ1977PTC003035	SUVIK ELECTRONICS PRIVATE LIMITED	Director	08-08-84	08-08-84	-	Active	NO
22	U51506GJ1981PTC004882	SUVIK COMMUNICATIONS PRIVATE LIMITED	Director	08-08-84	08-08-84	-	Active	NO
23	U22190GJ1986PTC008794	REVANTA PUBLISHING PRIVATE LIMITED	Director	16-07-86	16-07-86	-	Active	NO
24	U22190GJ1986PTC008795	BIBLIO PUBLISHING PRIVATE LIMITED	Director	16-07-86	16-07-86	-	Under Process of Striking off	NO
25	U65910GJ1976PTC002964	UTPAL INVESTMENTS PRIVATE LIMITED	Director	31-07-86	31-07-86	-	Active	NO
26	U26922GJ1987PTC009849	RAJKA POTTAY PRIVATE LIMITED	Director	05-03-88	05-03-88	-	Active	NO
27	L52100GJ1978PLC003159	AMBALAL SARABHAI ENTERPRISES LIMITED	Director	30-07-92	30-07-92	-	Active	NO
28	U80903GJ1993NPL020139	PARYAVARAN EDUTECH	Director	07-09-93	07-09-93	-	Active	NO
29	U65910GJ1976PTC002887	SARABHAI HOLDINGS PRIVATE LIMITED	Director	27-06-94	27-06-94	-	Active	NO
30	U24232GJ1960PLC000992	SYNBIOTICS LIMITED	Director	19-09-95	19-09-95	25-03-10	Active	NO
31	U24239DL2000PLC104724	ZYDUS ANIMAL HEALTH LIMITED	Nominee director	03-04-00	03-04-00	01-06-07	Active	NO
32	U74140HR2003PLC035258	ORG TELECOM LIMITED	Director	05-12-03	05-12-03	05-02-10	Active	YES
33	L29308GJ1976PLC002889	ORG INFORMATICS LIMITED	Director	20-08-07	22-01-07	11-04-11	Active	NO
34	U51909GJ1980PTC003969	RAJKA DESIGNS PRIVATE LIMITED	Director	05-02-07	05-02-07	-	Active	NO
35	U24230GJ2008PTC055176	VOVANTIS LABORATORIES PRIVATE LIMITED	Director	06-10-08	06-10-08	15-12-08	Active	NO

Name :

Mrs. Mrinalini Vikram Sarabhai

Designation :

Director

Date of Birth/Age :

11.05.1918

Date of Appointment :

24.08.1983

DIN No.:

00334263

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U92411GJ1960PTC000945	CHIDAMBARAM PRIVATE LIMITED	Director	30-03-60	30-03-60	Active	NO
2	U65910GJ1972PTC002050	DARPANA INVESTMENTS PRIVATE LIMITED	Director	23-03-72	23-03-72	Active	NO
3	U65910GJ1975PTC002843	VARAHAS INVESTMENTS PRIVATE LIMITED	Director	23-08-77	23-08-77	Active	NO
4	U65910GJ1975PTC002784	VYAVAHAR INVESTMENTS PRIVATE LIMITED	Director	23-08-77	23-08-77	Active	NO
5	U65910GJ1975PTC002751	VISTAR INVESTMENTS PRIVATE LIMITED	Director	23-08-77	23-08-77	Active	NO
6	U65910GJ1975PTC002762	VIMUKHTI INVESTMENTS PRIVATE LIMITED	Director	23-08-77	23-08-77	Active	NO
7	U65910GJ1975PTC002760	VIMAL INVESTMENTS PRIVATE LIMITED	Director	23-08-77	23-08-77	Active	NO
8	U65910GJ1975PTC002767	VIGNAN INVESTMENTS PRIVATE LIMITED	Director	23-08-77	23-08-77	Active	NO
9	U65910GJ1975PTC002840	VIDATHA INVESTMENT PRIVATE LIMITED	Director	23-08-77	23-08-77	Active	NO
10	U65910GJ1975PTC002755	VICHAR INVESTMENTS PRIVATE LIMITED	Director	23-08-77	23-08-77	Active	NO
11	U65990GJ1975PTC002844	VICHANDA INVESTMENTS PRIVATE LIMITED	Director	23-08-77	23-08-77	Active	NO
12	U65910GJ1975PTC002839	VAYASYA INVESTMENTS PRIVATE LIMITED	Director	23-08-77	23-08-77	Active	NO
13	U65910GJ1975PTC002841	VACHAS INVESTMENTS PRIVATE LIMITED	Director	23-08-77	23-08-77	Active	NO
14	U65910GJ1975PTC002781	VIVIDH INVESTMENTS PRIVATE LIMITED	Director	23-08-77	23-08-77	Active	NO
15	U65910GJ1975PTC002842	VITAPIN INVESTMENTS PRIVATE LIMITED	Director	23-08-77	23-08-77	Active	NO
16	U65910GJ1975PTC002761	VIBHUTI INVESTMENTS PRIVATE LIMITED	Director	23-08-77	23-08-77	Active	NO
17	U65910GJ1975PTC002832	VAHINI INVESTMENTS PRIVATE LIMITED	Director	28-06-80	28-06-80	Active	NO
18	U22190GJ1983PTC005917	MAPIN PUBLISHING PRIVATE LIMITED	Director	01-03-83	01-03-83	Active	NO
19	U51909GJ1980PTC003969	RAJKA DESIGNS PRIVATE LIMITED	Director	24-08-83	24-08-83	Active	NO
20	U22190GJ1986PTC008795	BIBLIO PUBLISHING PRIVATE LIMITED	Director	16-07-86	16-07-86	Under Process of Striking off	NO
21	U22190GJ1986PTC008794	REVANTA PUBLISHING PRIVATE LIMITED	Director	16-07-86	16-07-86	Active	NO
22	U72200GJ2000PTC038208	ASHCHARYA INFOTAINMENT PRIVATE LIMITED	Director	14-06-00	14-06-00	Active	NO
23	U72200GJ2000PTC038433	SAREGRA INFOTAINMENT PRIVATE LIMITED	Director	26-07-00	26-07-00	Under Process of Striking off	NO

Name :

Mr. Mohal Kartikeya Sarabhai

Designation :

Director

Date of Birth/Age :

05.10.1970

Date of Appointment :

03.03.2001

DIN No.:

00334441

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U65910GJ1976PTC002964	UTPAL INVESTMENTS PRIVATE LIMITED	Director	22-03-99	22-03-99	Active	NO
2	U24232GJ1960PLC000992	SYNBIOTICS LIMITED	Director	30-03-00	30-03-00	Active	NO
3	U25202GJ1970PLC037926	HARYANA CONTAINERS LIMITED	Director	31-01-01	31-01-01	Active	NO
4	U26922GJ1987PTC009849	RAJKA POTTAY PRIVATE LIMITED	Director	03-03-01	03-03-01	Active	NO
5	U51909GJ1980PTC003969	RAJKA DESIGNS PRIVATE LIMITED	Director	03-03-01	03-03-01	Active	NO
6	U24230GJ2004PTC045141	ASENCE PHARMA PRIVATE LIMITED	Director	18-05-05	18-05-05	Active	NO
7	U24230GJ2008PTC055176	VOVANTIS LABORATORIES PRIVATE LIMITED	Director	06-10-08	06-10-08	Active	NO
8	U32201GJ1973PLC002437	SYSTRONICS INDIA LIMITED	Director	30-09-11	15-06-11	Active	NO
9	U50101GJ2000PLC039109	SARABHAI M. CHEMICALS LIMITED	Additional director	03-03-12	03-03-12	Active	NO

Name :

Mr. Samvit Kartikeya Sarabhai

Designation :

Whole-time director

Date of Birth/Age :

15.04.1946

Date of Appointment :

15.04.2004

DIN No.:

00334517

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U26922GJ1987PTC009849	RAJKA POTTAY PRIVATE LIMITED	Director	01-04-04	01-04-04	Active	NO
2	U51909GJ1980PTC003969	RAJKA DESIGNS PRIVATE LIMITED	Whole-time director	15-04-04	15-04-04	Active	NO

Name :

Mr. Rajshree Kartikeya Sarabhai

Designation :

Whole-time director

Date of Birth/Age :

05.10.1946

Date of Appointment :

06.10.1980

DIN No.:

00894478

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U65910GJ1972PTC002050	DARPANA INVESTMENTS PRIVATE LIMITED	Director	27-07-72	27-07-72	Active	NO
2	U51909GJ1980PTC003969	RAJKA DESIGNS PRIVATE LIMITED	Whole-time director	06-10-80	06-10-80	Active	NO
3	U26922GJ1987PTC009849	RAJKA POTTAY PRIVATE LIMITED	Director	22-07-87	22-07-87	Active	NO
4	U65910GJ1975PTC002843	VARAHAS INVESTMENTS PRIVATE LIMITED	Director	10-03-91	10-03-91	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 17.09.2011

Names of Shareholders	No. of Shares
Kartikeya Vikram Sarabhai Jointly with Rajshree Kartikeya Sarabhai, Mrinalini Vikram Sarabhai, Malika Vikram Sarabhai	2750
Kartikeya Vikram Sarabhai Jointly with Rajshree Kartikeya Sarabhai, Mrinalini Vikram Sarabhai, Malika Vikram Sarabhai	1023
Rajshree Surendra Parekh	3795
Mohal Kartikeya Sarabhai	616
Samvit Kartikeya Sarabhai	616
TOTAL	8800

Equity Share Break up (Percentage of Total Equity)

As on 17.09.2011

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturers of Cotton Made - up, Furnishing and Garments

PRODUCTION STATUS

As on 31.03.2011

Installed Capacity – 4800 Pcs Per Annum

As certified by the management and relied upon by auditors being technical matter

Particular	Unit	Actual Production *
Garment	Pcs.	4594
Furnishing	Pcs.	53538
Handicraft	Pcs.	1509

* Includes Pieces converted by Job Workers

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

• Bank of India, Shaibaug Branch, Ground Floor, Sahajanand Complex, Near Police Commissioner Office, Shahibaug, Ahmedabad – 380004, Gujarat, India
• Sardar Vallabhbhai Sahakari Bank Limited, Hari Om Tower, Panchvato Road, Law Garden, Ahmedabad – 380006, Gujarat, India

Facilities :

Secured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Export Packing Credit Loan	2.000	2.164
Cash Credit Account Secured against hypothecation of all tangible movable assets including all types of stock of raw material, finished products and book debts. It is further secured by creation of equitable mortgage in favour of bank by depositing title deeds of immovable properties and plant and machinery	3.937	2.895
Hire purchase loan	1.144	0.057
Total	7.081	5.116
Unsecured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Form Directors	0.840	0.840
Total	0.840	0.840

Banking Relations :	--
Auditors :
Name :	Sorab S. Engineer and Company Chartered Accountants
Address :	909, Atma House, Opposite Reserve Bank of India, Ashram Road, Ahmedabad – 380009, Gujarat, India
Tel. No.:	91-79-26584304
Fax No.:	91-79-26589710
E-Mail :	sseahm@hotmail.com
PAN.:	AAAFS5191E
Subsidiary Company :	Rajka Pottery Private Limited

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.100/- each	Rs.1.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
8800	Equity Shares	Rs.100- each	Rs.0.880 Millions

Note: of the above 8000 Equity share of Rs.100 each were allotted as fully paid up Bonus Share by capitalization of General reserve

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		0.880	0.880	0.880
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		20.638	22.337	21.683
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		21.518	23.217	22.563
LOAN FUNDS
1] Secured Loans		7.081	5.116	3.603
2] Unsecured Loans		0.840	0.840	0.840
TOTAL BORROWING		7.921	5.956	4.443
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		29.439	29.173	27.006
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		9.159	8.154	8.716
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		7.328	7.328	7.328
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	16.337	17.132	18.149
	Sundry Debtors	3.253	2.034	1.211
	Cash & Bank Balances	0.180	0.226	0.502
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	2.067	1.389	0.970
Total Current Assets		21.837	20.781	20.832
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	6.572	5.622	7.009
	Other Current Liabilities	1.850	0.957	2.283
	Provisions	0.463	0.511	0.578
Total Current Liabilities		8.885	7.090	9.870
Net Current Assets		12.952	13.691	10.962
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		29.439	29.173	27.006

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2011	31.03.2010	31.03.2009
	SALES
			Income	27.347	25.584	19.870
			Other Income	1.337	0.889	0.583
			TOTAL (A)	28.684	26.473	20.453
Less	EXPENSES
			Office Expenses	28.515	24.212	21.844
			Administrative Expenses
			Advertising Expenses
			TOTAL (B)	28.515	24.212	21.844
Less	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			0.169	2.261	(1.391)
Less	FINANCIAL EXPENSES (D)			1.183	0.961	3.207
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			(1.014)	1.300	(1.816)
Less/ Add	DEPRECIATION/ AMORTISATION (F)			0.685	0.646	0.766
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)			(1.699)	0.654	(2.582)
Less	TAX (H)			0.000	0.000	0.066
	PROFIT/(LOSS) AFTER TAX (G-H) (I)			(1.699)	0.654	(2.648)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD			(11.303)	(11.957)	(9.309)
	BALANCE CARRIED TO THE B/S			(13.002)	(11.303)	(11.957)
	EARNINGS IN FOREIGN CURRENCY
		Export of Goods		23.050	22.246	18.362
	Earnings/(loss) Per Share (Rs.)			(193.13)	74.31	(300.96)

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	(5.92)	2.47	(12.95)
Net Profit Margin (PBT/Sales)	(%)	(6.21)	2.56	(12.99)
Return on Total Assets (PBT/Total Assets}	(%)	(5.48)	2.26	(8.74)
Return on Investment (ROI) (PBT/Networth)		(0.08)	0.05	(0.11)
Debt Equity Ratio (Total Liability/Networth)		0.78	0.56	0.63
Current Ratio (Current Asset/Current Liability)		2.46	2.93	2.11

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	Yes
9) Name of person contacted	No
10) Designation of contact person	No
11) Turnover of firm for last three 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

FORM 8

Corporate identity number of the company	RAJKA DESIGNS PRIVATE LIMITED
Name of the company	U51909GJ1980PTC003969
Address of the registered office or of the principal place of business in India of the company	705, Kaivannanr Panchavati, Ellisebridge, Ahmedabad – 380006, Gujarat, India Email : utpalinvestment@sanchanet.in
This form is for	Creation of charge
Type of charge	Any interest in immovable property Immovable property
Particular of charge holder	Sardar Vallabhbhai Sahakari Bank Limited, Hari Om Tower, Panchvato Road, Law Garden, Ahmedabad – 380006, Gujarat, India Email: info@sardarbank.com
Nature of instrument creating charge	Memorandum of equitable mort executed by the company in favour of bank for creation of equitable mort on immovable prop to secure the fund based term loan aggregate limit of rs. 25.00 lacs registered with sub registrar sro ahmedabd 3 memnagar at sr no 1278 of book no 1 containing 10 (ten) pages
Date of instrument Creating the charge	06.03.2012
Amount secured by the charge	Rs.2.500 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest TL - 14% P. A. With Monthly Rest Or Such Other Rate as may be Prescribed by the Bank From Time to Time Terms of Repayment Term Loan - 36 Equal Monthly Installment Of Rs0.085 millions Margin Term Loan – Nil Extent and Operation of the charge First and Exclusive Equitable Mort Charge On Immovable Properties Being Land, Buildings, Sheds, Structures, Buildings, Const of the Company to Secure a Fund Based Term Loan Limit Aggregating Rs.2.500 millions Along with all the Interest, Addl Interest, Commission, Cost and Charges and all Other Amt Due to The Bank of what so ever nature Others Term Loan – Rs.2.500 millions
Short particulars of the property or asset(s) charged (including complete address and location of the property)	All that Offce Premises Unit No 705 Adm 1085 sq ft in Building "Kaivana" opp Saffron Near Panchvati Circle, Ahmedbad, Gujarat, India 6 const on Nf land Fp 674/12 + 13 + 14 of TPS 3/5 Mouje Chhadavad TA City, District – Ahmedabad, Gujarat, India

Contingent Liability

As on 31.03.2011

• Foreign Bills Purchased by the bank Rs.4.995 Millions (Rs.4.300 Millions)
• Guarantees given by the banks on behalf of the company Rs.0.396 millions (Rs.0.396 Millions)

Fixed Assets

• Freehold Land
• Leasehold Land
• Building and Factory Land
• Plant and Machinery
• Computer
• Furniture and Fixture
• Vehicle

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.52.68
UK Pound	1	Rs.85.12
Euro	1	Rs.69.35

INFORMATION DETAILS

Report Prepared by :

MYI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	4
--CREDIT LINES	1~10	2
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		28

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.