1. Summary Information

		Country	India
Company Name	RAMKUMAR MILLS PRIVATE LIMITED	Principal Name 1	Mr. Y. N. Gangadhar Setty
Status	Moderate	Principal Name 2	Mr. Y. G. Vijaykumar
		Registration #	08-000450
Street Address	6^th Block, Rajajinagar, Bangalore – 560010, Karnataka, India
Established Date	16.01.1947	SIC Code	--
Telephone#	91-80-23353996	Business Style 1	Manufacturers
Fax #	91-80-23386873	Business Style 2	--
Homepage	www.ramkumarmills.co.in	Product Name 1	Fine Voiles
# of employees	Not Available	Product Name 2	Cambrics
Paid up capital	Rs. 29,732,000/-	Product Name 3	Poplins
Shareholders	Directors or relatives of Directors – 99% Other top fifty shareholders – 1%	Banking	Andhra Bank
Public Limited Corp.	NO	Business Period	65 Years
IPO	NO	International Ins.	-
Public Enterprise	NO	Rating	B (27)
Related Company
Relation	Country	Company Name	CEO
--	--	--	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	141,953,000	Current Liabilities	108,432,000
Inventories	236,590,000	Long-term Liabilities	559,845,000
Fixed Assets	224,704,000	Other Liabilities	2,453,000
Deferred Assets	0,000	Total Liabilities	670,730,000
Invest& other Assets	207,979,000	Retained Earnings	104,039,000
		Net Worth	140,496,000
Total Assets	811,226,000	Total Liab. & Equity	811,226,000
Total Assets (Previous Year)	748,579,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	--	Net Profit / Loss	--
Sales(Previous yr)	806,384,000	Net Profit / Loss (Prev.yr)	(27,233,000)

MIRA INFORM REPORT

Report Date :

03.08.2012

IDENTIFICATION DETAILS

Name :	RAMKUMAR MILLS PRIVATE LIMITED
Registered Office :	6^th Block, Rajajinagar, Bangalore – 560010, Karnataka
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	16.01.1947
Com. Reg. No.:	08-000450
Capital Investment / Paid-up Capital :	Rs. 29.732 Millions
CIN No.: [Company Identification No.]	U17111KA1947PTC000450
TAN No.: [Tax Deduction & Collection Account No.]	BLRR00175A
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturers of Dyed and Printed 100% Cotton Fabrics.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 560000
Status :	Moderate
Payment Behaviour :	Slow But Correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. There incurred losses from last three years. However, trade relations are reported to be fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealing at usual trade terms and condition. Current year profit and loss account is not available.

NOTES :

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

ECGC Country Risk Classification List – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

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

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	B (Long Term Rating)
Rating Explanation	To have high risk of default regarding timely servicing of financial obligation
Date	August, 2011

Rating Agency Name	ICRA
Rating	A4 (Short Term Rating)
Rating Explanation	Having minimal degree of safety regarding timely payment of financial obligation. It carry high credit risk
Date	August, 2011

RBI DEFAILTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

LOCATIONS

Registered Office :	6^th Block, Rajajinagar, Bangalore – 560010, Karnataka, India
Tel. No.:	91-80-23353996 / 23301686 / 23388801 / 23205796 (15Lines)
Fax No.:	91-80-23386873
E-Mail :	webquery@ramkumarmills.co.in develop@ramkumarmills.co.in
Website :	www.ramkumarmills.co.in

DIRECTORS

AS ON 29.09.2011

Name :	Mr. Yadalam Nanjaiahsetty Gangadharsetty
Designation :	Chairman cum Managing Director
Address :	No.45, Devi Vihar, 39^th Cross 8^th Block, Jayanagar, Bangalore – 560082, Karnataka, India.
Date of Birth/Age :	12.12.1922
Date of Appointment :	09.09.1961
DIN No.:	00432522

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U18201KA1944PTC000340	YADALAM BROTHERS PRIVATE LIMITED	Director	04/04/1944	04/04/1944	Active	NO
2	U17111KA1947PTC000450	RAMKUMAR MILLS PRIVATE LIMITED	Director	09/09/1961	09/09/1961	Active	NO
3	U65910KA1983PTC005189	DEVI MOOKAMBIKA HOLDINGS PRIVATE LIMITED	Director	02/03/1983	02/03/1983	Active	NO
4	U67120KA1983PTC005191	GIRI HOLDINGS PRIVATE LIMITED	Director	02/03/1983	02/03/1983	Active	NO
5	U67120KA1983PTC005190	SUCHITRA HOLDINGS PRIVATE LIMITED	Director	02/03/1983	02/03/1983	Active	NO
6	U67120KA1983PTC005195	SHRADHA HOLDINGS PRIVATE LIMITED	Director	02/03/1983	02/03/1983	Active	NO
7	U67120KA1983PTC005192	YSN INFRASTRUCTURE SERVICES PRIVATE LIMITED	Director	02/03/1983	02/03/1983	Active	NO
8	U67120KA1983PTC005196	SHUBAM HOLIDINGS PRIVATE LIMITED	Director	02/03/2006	02/03/2006	Active	NO

Name :	Mr. Yadalam Gangadharasetty Vijaykumar
Designation :	Managing Director
Address :	No 744, 13^th Cross 7^th Block, Jayanagar, Bangalore – 560082, Karnataka, India.
Date of Birth/Age :	29.07.1951
Date of Appointment :	29.03.1999
DIN No.:	00432886

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U65910KA1983PTC005189	DEVI MOOKAMBIKA HOLDINGS PRIVATE LIMITED	Director	02/03/1983	02/03/1983	-	Active	NO
2	U18101KA1992PTC012702	LOTUS IT TECHPARK PRIVATE LIMITED	Director	09/01/1992	09/01/1992	-	Active	NO
3	U65921KA1989PTC010140	HEXAGON CAPITAL ADVISORS PRIVATE LIMITED	Director	24/04/1997	24/04/1997	-	Active	NO
4	U17111KA1947PTC000450	RAMKUMAR MILLS PRIVATE LIMITED	Managing director	29/03/1999	29/03/1999	-	Active	NO
5	U92490KA2001PTC029509	SAMSKRUTA KALAKSHETRA PRIVATE LIMITED	Director	18/09/2001	18/09/2001	-	Active	NO
6	U66010KA2001PTC029641	HEXAGON INSURANCE SERVICES PRIVATE LIMITED	Director	02/06/2004	02/06/2004	-	Active	NO
7	U85110KA1995PTC016953	RKM TEXTILES PRIVATE LIMITED	Director	12/01/2005	12/01/2005	-	Active	NO
8	U67120KA1983PTC005192	YSN INFRASTRUCTURE SERVICES PRIVATE LIMITED	Director	06/12/2006	06/12/2006	-	Active	NO
9	U74910KA2007PTC041725	TALENT BRIDGE CONSULTING (INDIA) PRIVATE LIMITED	Director	08/02/2007	08/02/2007	03/01/2008	Active	YES
10	U55101KA2008PTC045418	GOLDEN TREE HOTELS PRIVATE LIMITED	Director	27/02/2008	27/02/2008	-	Active	NO
11	U67120KA1983PTC005196	SHUBAM HOLIDINGS PRIVATE LIMITED	Director	24/09/2010	02/09/2010	-	Active	NO

Name :	Mr. Yadalam Adinarayanasetty Subramanyam
Designation :	Director
Address :	Brindavan No. 694, 12^th Cross 7^th Block, Jayanagar, Bangalore – 560082, Karnataka, India.
Date of Birth/Age :	09.02.1952
Date of Appointment :	29.03.1999
DIN No.:	00385664

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U52393KA1983PTC005194	SUJAYA INVESTMENTS PRIVATE LIMITED	Director	02/03/1983	02/03/1983	Active	NO
2	U18201KA1944PTC000340	YADALAM BROTHERS PRIVATE LIMITED	Director	24/06/1985	24/06/1985	Active	NO
3	U52100KA1992PTC012917	SKANDA RETAIL PRIVATE LIMITED	Managing director	09/03/1992	09/03/1992	Active	NO
4	U85110KA1995PTC016953	RKM TEXTILES PRIVATE LIMITED	Director	12/01/1995	12/01/1995	Active	NO
5	U17111KA1947PTC000450	RAMKUMAR MILLS PRIVATE LIMITED	Director	29/03/1999	29/03/1999	Active	NO
6	U92490KA2001PTC029509	SAMSKRUTA KALAKSHETRA PRIVATE LIMITED	Director	07/09/2001	07/09/2001	Active	NO
7	U55101KA2008PTC045418	GOLDEN TREE HOTELS PRIVATE LIMITED	Director	27/02/2008	27/02/2008	Active	NO
8	U52100KA2011PTC057985	SMART LIVING RETAIL PRIVATE LIMITED	Director	05/04/2011	05/04/2011	Active	NO

Name :	Mr. Uttamchand Devichand Bhandari
Designation :	Director
Address :	C/O, Devi Chand Misri Mal and company, Chickpet, Bangalore – 560053, Karnataka, India.
Date of Birth/Age :	06.05.1924
Date of Appointment :	01.05.1985
DIN No.:	00385819

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2011

Names of Shareholders	No. of Equity Shares	No. of Redeemable Cumulative Preference
S.Kamalamma (Deceased)	12	--
Thanmal Manaji	40	--
Yadalam Subbaiah Setty Charties	200	--
Uttamchand D Bhandari	75	--
Mangilal Misrimal Jain	57	--
Inderchand	12	--
Y.N. Gangadhar Setty	120	656
Y.G. Ramkumar	1229	7836
Y.R. Ashwin	150	820
Y.G. Giridhar	1279	8109
Y.G. Madhukar	100	547
Y.G. Vijaykumar	1379	8656
Y.G. Kashinath	1379	8656
Lakshman G Yadalam	1372	8607
Y.G. Subbiah Setty	1372	8607
Y.A. Subramanyam	2868	15567
Y.A. Shivkumar	2900	15398
Y.A. Balachandra	2897	15376
Y.R. Rajeshwari	500	--
Y.V. Geetha	500	--
Y.L. Vasanthi	500	--
Y.K. Jyothi	500	--
Y.S. Radhika	500	--
Y.V. Uma	500	--
Y.S. Jayasree	523	--
Y.S. Anitha	500	--
Y.S. Sumana	500	--
Y.G. Ramkumar, Partner YSN.Properties and Investesments	76	--
TOTAL	22040	98835

AS ON 29.09.2011

Equity Shares Break Up	Percentage of Holding
Directors or relatives of Directors	99.00
Other top fifty shareholders	1.00
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

Manufacturers of Dyed and Printed 100% Cotton Fabrics.

Products :

• Fine Voiles
• Cambrics
• Poplins
• Twills
• Drills
• Dobbies
• Structured and Embroidered fabrics.

Item Code No. (ITC Code)	Product Description
540791-00	Cotton Fabrics

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Andhra Bank, N R Road, Bangalore-560002, Karnataka, India

Facilities :

Secured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
A. From Bank
1.Andhra Bank
Secured by way of mortgage and first charge on immovable properties of Processing Unit and Hypothecation of Plant and Machinery, Stocks and Book Debts of Processing unit- guaranteed by two Directors of the company jointly and severally In their personal capacities	450.419
Term Loan No.1		1.212
Term Loan No.2		2.486
Term Loan No.3		6.615
Term Loan No.4		21.728
Term Loan No.5		66.936
Term Loan No.6		4.396
Term Loan No.		15.958
Interest accrued and not due on T/Ls		0.000
Total		119.331
Open Cash Credit		147.476
DUBD Facility against LCs		0.000
Total A	450.419	266.807
B. From Financial Institutions HDFC Limited
Secured by way of mortgage of land and building of property bearing no ½ along with M/s Sumangala Properties
SD AD LOAN-TRANCHE 1		50.329
SD AD LOAN-TRANCHE 2		89.022
SD AD LOAN-TRANCHE 3		14.420
Total B		153.771
Total (A+B)	450.419	420.578
Unsecured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
A. Deposits – From Directors		21.320
From Shareholders		55.325
Total A		76.645
B. Unsecured Loans - From Directors	109.426	3.108
From Shareholders		7.411
Total B		10.519
C. Lease and Security Deposits from dealers / Customers		8.990
D. Intercorporate Loans		3.000
Total (A+B+C+D)	109.426	99.154

Banking Relations :	--
Financial Institution :	· Housing Development Finance Corporation Limited, Ramon House, 169, Backbay Reclamation, H T Parekh Marg, Mumbai-400020, Maharashtra, India
Auditors :
Name :	B. K. Ramadhyani and Company Chartered Accountant
Address :	4-B, Chitrapura Bhavan, 68, 8^th Main 15^th Cross, Malleshwaram, Bangalore – 560055, Karnataka, India
PAN No.:	AABFB1153G

CAPITAL STRUCTURE

AS ON 29.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
80000	Equity Shares	Rs.500/- each	Rs. 40.000 Millions
200000	Redeemable Preference Shares	Rs.100/- each	Rs. 20.000 Millions
	TOTAL		Rs. 60.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
22040	Equity Shares	Rs.500/- each	Rs. 11.020 Millions
98835	Redeemable Preference Shares	Rs.100/- each	Rs. 9.884 Millions
	TOTAL		Rs. 20.904 Millions

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
80000	Equity Shares	Rs.500/- each	Rs. 40.000 Millions
200000	Redeemable Preference Shares	Rs.100/- each	Rs. 20.000 Millions
	TOTAL		Rs. 60.000 Millions

Issued, Subscribed & Paid-up Capital : Rs. 29.732 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		29.732	20.903	20.903
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		104.039	106.574	133.807
4] (Accumulated Losses)		0.000	0.000	0.000
5] Deferred Income		6.725	7.762	8.798
NETWORTH		140.496	135.239	163.508
LOAN FUNDS
1] Secured Loans		450.419	420.578	429.331
2] Unsecured Loans		109.426	99.154	88.923
TOTAL BORROWING		559.845	519.732	518.254
DEFERRED TAX LIABILITIES		2.433	8.815	21.994
TOTAL		702.774	663.787	703.756
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		224.704	218.056	252.673
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		207.979	236.774	228.024
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	236.590	183.738	167.859
	Sundry Debtors	70.097	55.400	62.734
	Cash & Bank Balances	33.977	10.055	46.167
	Other Current Assets	9.721	18.121	0.000
	Loans & Advances	28.158	26.435	24.567
Total Current Assets		378.543	293.749	301.327
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	108.432	74.428	63.570
	Other Current Liabilities		10.339	12.743
	Provisions	0.020	0.025	1.955
Total Current Liabilities		108.452	84.792	78.268
Net Current Assets		270.091	208.957	223.059
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		702.774	663.787	703.756

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009
	SALES
		Income	806.384	755.376
		Other Income	3.345	4.294
		TOTAL (A)	809.729	759.670
Less	EXPENSES
		Consumption of cloth, raw materials, stores and spares and other purchases	591.328	538.697
		Operating Expenses	185.161	180.857
		Prior Period Adjustment	0.000	(9.624)
		Unclaimed credit balance / Provisions no longer required withdrawn	(1.031)	(0.047)
		TOTAL (B)	775.458	709.883
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		34.271	49.787
Less	FINANCIAL EXPENSES (D)		31.607	35.114
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		2.664	14.673
Less/ Add	DEPRECIATION/ AMORTISATION (F)		43.050	45.153
	PROFIT BEFORE TAX (E-F) (G)		(40.386)	(30.480)
Less	TAX (H)		(13.153)	(8.822)
	PROFIT AFTER TAX (G-H) (I)		(27.233)	(21.658)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		58.053	80.752
Less	APPROPRIATIONS
		Provision for proposed dividend on preference shares	0.000	0.890
		Tax there on	0.000	0.151
	BALANCE CARRIED TO THE B/S		30.820	58.053
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	41.315	51.035
	TOTAL EARNINGS		41.315	51.035
	IMPORTS
		Raw Materials	0.000	99.023
		Stores & Spares	0.000	4.516
		Machinery and Stores and Spare parts	3.909	(68.059)
	TOTAL IMPORTS		3.909	35.480
	Earnings Per Share (Rs.)		(1.236)	(1.030)

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	NA	(3.38)	(2.85)
Net Profit Margin (PBT/Sales)	(%)	NA	(4.99)	(4.04)
Return on Total Assets (PBT/Total Assets}	(%)	NA	(7.89)	(5.50)
Return on Investment (ROI) (PBT/Networth)		NA	(0.30)	(0.19)
Debt Equity Ratio (Total Liability/Networth)		4.77	4.47	3.64
Current Ratio (Current Asset/Current Liability)		3.49	3.46	3.84

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	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 two 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	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	Yes
21]	Market information	-----
22]	Litigations that the firm / promoter involved in	-----
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
31]	PAN of Proprietor/Partner/Director, if available	No
32]	Passport No of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No

FORM 8

Corporate identity number of the company	U17111KA1947PTC000450
Name of the company	RAMKUMAR MILLS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	6^th Block, Rajajinagar, Bangalore – 560010, Karnataka, India
This form is for	Modification of charge
Charge identification number of the charge to be modified	80055435
Type of charge	· Immovable property · Movable property (not being pledge)
Particular of charge holder	Andhra Bank, N R Road, Bangalore-560002, Karnataka, India
Nature of instrument creating charge	Letter from Andhra Bank for closure of term loan for Rs 25.000 Millions.
Date of instrument Creating the charge	21.05.2012
Amount secured by the charge	Rs. 25.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest N.A. Terms of repayment Running account, being cash credit account Margin Not mentioned in the agreement Extent and operation of the charge Charge operates to the full extent of outstanding charge amount of Rs. 25.000 Millions after the closure of term loan for Rs 25.000 Millions
Short particulars of the property charged (Including location of the property)	Hypothecation of Goods, produce, merchandise, stock stored. Hypothecation of plant and machinery. Hypothecation of book debts, receivables, claims.
Date of instrument modifying the charge	30.06.2009
Particulars of the present modification	By the present modification, the Term Loan 2 for Rs 25.000 Millions is closed thereby reducing the charge outstanding from Rs 50.000 Millions to Rs 25.000 Millions. Other terms remain same.

FIXED ASSETS

· Lands

· Buildings

· Plant and Machinery

· Furniture, fixture and Office Equipments

· Motor Vehicles

· Wind Turbine Generator

· Borewell

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 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. 55.77
UK Pound	1	Rs. 86.74
Euro	1	Rs. 68.31

INFORMATION DETAILS

Report Prepared by :

DPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
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	3
--CREDIT LINES	1~10	3
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		27

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.