MIRA INFORM REPORT

Report Date :

04.08.2012

IDENTIFICATION DETAILS

Name :	HEVEA FINE PRODUCTS PRIVATE LIMITED
Registered Office :	12/14, Brady House, 3^rd Floor, Veer Nariman Road, Fort, Mumbai-400001, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	08.05.1998
Com. Reg. No.:	11-114824
Capital Investment / Paid-up Capital :	Rs. 22.446 Millions
CIN No.: [Company Identification No.]	U25190MH1998PTC114824
TAN No.: [Tax Deduction & Collection Account No.]	NSKH00953B
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer, Exporter, Trader and Distributor of latex based male plain condoms, latex based male ribbed condoms, latex based male dotted condoms.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Maximum Credit Limit :	USD 14000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track. Financial position of the company seems to be under pressure. There appear huge accumulated losses recorded by the company over years. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution.

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

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.

INFORMATION DECLINED BY

Name :	Mr. Keshav Shenoy
Designation :	Technical Consultant
Contact No.:	91-9890178340
Date :	30.07.2012

LOCATIONS

Registered Office :	12/14, Brady House, 3^rd Floor, Veer Nariman Road, Fort, Mumbai-400001, Maharashtra, India
Tel. No.:	Not Available
Mobile No.:	91-9890178340 (Mr. Keshav Shenoy)
Fax No.:	Not Available
E-Mail :	ho@famycare.com havea_agd@sancharnet.in
Factory :	Gut No.77, Pharola Village, Behind Flexco Film Company, Paithan Road, Aurangabad-431002, Maharashtra, India
Tel. No.:	91-2431-251571 / 251578
Fax No.:	91-2431-251677

DIRECTORS

AS ON 30.09.2011

Name :	Ms. Jyotiprasad Taparia
Designation :	Director
Address :	101, Laxmi Vilas, 10^th Floor, 87, Nepeansea Road, Mumbai-400006, Maharashtra, India
Date of Birth/Age :	21.11.1944
Date of Appointment :	05.08.2008
Voter ID No.:	MT/04/024/0114547
DIN No.:	00157746

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	U24236MH1987PLC044813	FAMY CARE LIMITED	Whole-time director	01/04/2011	28/09/1987	-	Active	NO
2	U01100MH1995PTC087946	GYAN PLANTATIONS PRIVATE LIMITED	Director	02/05/1995	02/05/1995	-	Active	NO
3	U01100MH1995PTC087948	SAROJ PLANTATIONS PRIVATE LIMITED	Director	10/05/1995	10/05/1995	-	Active	NO
4	U01100MH1995PTC087949	MAKARAND PLANTATIONS PRIVATE LIMITED	Director	10/05/1995	10/05/1995	-	Active	NO
5	U25202MH1995PTC088387	FAMY STERI PRIVATE LIMITED	Director	15/05/1995	15/05/1995	-	Active	NO
6	U24232GA1997PTC002375	KENPACK PHARMA PRIVATE LIMITED	Director	04/07/1997	04/07/1997	-	Active	NO
7	U51909MH2004PTC148478	PEEPAL TRADING AND AGENCIES PRIVATE LIMITED	Director	09/09/2004	09/09/2004	31/03/2008	Active	NO
8	U51909MH2004PTC148474	SILVA TRADING AND AGENCIES PRIVATE LIMITED	Director	09/09/2004	09/09/2004	31/03/2008	Active	NO
9	U24100MH2004PTC148886	ARYAVAAN PHARMACEUTICALS PRIVATE LIMITED	Director	29/09/2004	29/09/2004	16/03/2012	Active	NO
10	U45200MH2004PTC148885	SHUBH GRAH PRAVESH PRIVATE LIMITED	Director	29/09/2004	29/09/2004	-	Active	NO
11	U51909MH2006PTC165687	SANGUINITY TRADING COMPANY PRIVATE LIMITED	Additional director	10/04/2007	10/04/2007	-	Active	NO
12	U65993MH2000PTC128124	CARE INTEGRATED SERVICES PRIVATE LIMITED	Director	01/08/2007	01/08/2007	18/09/2007	Active	NO
13	U24232GA1997PTC002374	BEACH HEALTHCARE PRIVATE LIMITED	Director	06/08/2007	06/08/2007	-	Active	NO
14	L31300DN1961PLC000232	IMP POWERS LIMITED	Director	05/12/2008	23/01/2008	29/01/2010	Active	NO
15	U24139MH2004PTC144395	TARAKESH PHARMA PRIVATE LIMITED	Director	30/09/2009	05/08/2008	-	Active	NO
16	U25190MH1998PTC114824	HEVEA FINE PRODUCTS PRIVATE LIMITED	Director	28/09/2009	05/08/2008	-	Active	NO
17	U17110GJ1997PTC033436	SHAKTI POLYWEAVE PRIVATE LIMITED	Director	27/08/2009	01/10/2008	-	Active	NO
18	U40109MH2008PTC187793	FAMY ENERGY PRIVATE LIMITED	Director	27/10/2008	27/10/2008	-	Active	NO
19	U85110MH2008PTC187843	COMPLETE DIABETES CARE PRIVATE LIMITED	Director	29/10/2008	29/10/2008	03/10/2011	Active	NO
20	U80903MH2011PTC216683	INTEGRATED EDUTEAM SOLUTIONS PRIVATE LIMITED	Director	26/04/2011	26/04/2011	-	Active	NO

Name :	Mr. Sanjeevkumar Taparia
Designation :	Director
Address :	101, Laxmi Vilas, 10^th Floor, 87, Nepeansea Road, Mumbai-400006, Maharashtra, India
Date of Birth/Age :	29.07.1967
Date of Appointment :	05.08.2008
Voter ID No.:	MT/04/024/0114587
DIN No.:	00157770

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	U01100MH1995PTC087948	SAROJ PLANTATIONS PRIVATE LIMITED	Director	28/09/1996	28/09/1996	-	Active	NO
2	U01100MH1995PTC087949	MAKARAND PLANTATIONS PRIVATE LIMITED	Director	28/09/1996	28/09/1996	-	Active	NO
3	U01100MH1995PTC087946	GYAN PLANTATIONS PRIVATE LIMITED	Director	28/09/1996	28/09/1996	-	Active	NO
4	U25202MH1995PTC088387	FAMY STERI PRIVATE LIMITED	Director	13/11/1996	13/11/1996	-	Active	NO
5	U27200MH1995PTC084250	SAI CYLINDERS PRIVATE LIMITED	Director	07/04/1997	07/04/1997	31/08/2010	Active	NO
6	U24232GA1997PTC002375	KENPACK PHARMA PRIVATE LIMITED	Director	04/07/1997	04/07/1997	-	Active	NO
7	U24236MH1987PLC044813	FAMY CARE LIMITED	Managing director	01/04/2011	10/09/1998	-	Active	NO
8	U51909MH2004PTC148478	PEEPAL TRADING AND AGENCIES PRIVATE LIMITED	Director	09/09/2004	09/09/2004	31/03/2008	Active	NO
9	U51909MH2004PTC148474	SILVA TRADING AND AGENCIES PRIVATE LIMITED	Director	09/09/2004	09/09/2004	31/03/2008	Active	NO
10	U24100MH2004PTC148886	ARYAVAAN PHARMACEUTICALS PRIVATE LIMITED	Director	29/09/2004	29/09/2004	16/03/2012	Active	NO
11	U45200MH2004PTC148885	SHUBH GRAH PRAVESH PRIVATE LIMITED	Director	29/09/2004	29/09/2004	-	Active	NO
12	L25200GJ1984PLC050560	GOPALA POLYPLAST LIMITED	Director	26/06/2006	26/06/2006	10/03/2008	Active	NO
13	U51909MH2006PTC165687	SANGUINITY TRADING COMPANY PRIVATE LIMITED	Director	27/12/2006	27/12/2006	-	Active	NO
14	U24232GA1997PTC002374	BEACH HEALTHCARE PRIVATE LIMITED	Director	06/08/2007	06/08/2007	-	Active	NO
15	U24139MH2004PTC144395	TARAKESH PHARMA PRIVATE LIMITED	Director	30/09/2009	05/08/2008	-	Active	NO
16	U25190MH1998PTC114824	HEVEA FINE PRODUCTS PRIVATE LIMITED	Director	28/09/2009	05/08/2008	-	Active	NO
17	U17110GJ1997PTC033436	SHAKTI POLYWEAVE PRIVATE LIMITED	Director	27/08/2009	01/10/2008	-	Active	NO
18	U40109MH2008PTC187793	FAMY ENERGY PRIVATE LIMITED	Director	27/10/2008	27/10/2008	-	Active	NO
19	U85110MH2008PTC187843	COMPLETE DIABETES CARE PRIVATE LIMITED	Director	29/10/2008	29/10/2008	03/10/2011	Active	NO
20	U80903MH2011PTC216683	INTEGRATED EDUTEAM SOLUTIONS PRIVATE LIMITED	Director	26/04/2011	26/04/2011	-	Active	NO

Name :	Mr. Ashutosh Taparia
Designation :	Director
Address :	101, Laxmi Vilas, 10^th Floor, 87, Nepeansea Road, Mumbai-400006, Maharashtra, India
Date of Birth/Age :	25.01.1973
Date of Appointment :	05.08.2008
DIN No.:	00178771

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	U01100MH1995PTC087949	MAKARAND PLANTATIONS PRIVATE LIMITED	Director	28/09/1996	28/09/1996	-	Active	NO
2	U01100MH1995PTC087946	GYAN PLANTATIONS PRIVATE LIMITED	Director	28/09/1996	28/09/1996	-	Active	NO
3	U25202MH1995PTC088387	FAMY STERI PRIVATE LIMITED	Director	13/11/1996	13/11/1996	-	Active	NO
4	U24236MH1987PLC044813	FAMY CARE LIMITED	Managing director	01/07/2010	10/09/1998	-	Active	NO
5	U51909MH2004PTC148478	PEEPAL TRADING AND AGENCIES PRIVATE LIMITED	Director	09/09/2004	09/09/2004	31/03/2008	Active	NO
6	U51909MH2004PTC148474	SILVA TRADING AND AGENCIES PRIVATE LIMITED	Director	09/09/2004	09/09/2004	31/03/2008	Active	NO
7	U24100MH2004PTC148886	ARYAVAAN PHARMACEUTICALS PRIVATE LIMITED	Director	29/09/2004	29/09/2004	16/03/2012	Active	NO
8	U45200MH2004PTC148885	SHUBH GRAH PRAVESH PRIVATE LIMITED	Director	29/09/2004	29/09/2004	-	Active	NO
9	U01100MH1995PTC087948	SAROJ PLANTATIONS PRIVATE LIMITED	Director	28/09/2006	28/09/2006	-	Active	NO
10	U51909MH2006PTC165687	SANGUINITY TRADING COMPANY PRIVATE LIMITED	Director	27/12/2006	27/12/2006	-	Active	NO
11	U24232GA1997PTC002374	BEACH HEALTHCARE PRIVATE LIMITED	Director	06/08/2007	06/08/2007	-	Active	NO
12	U24139MH2004PTC144395	TARAKESH PHARMA PRIVATE LIMITED	Director	30/09/2009	05/08/2008	-	Active	NO
13	U25190MH1998PTC114824	HEVEA FINE PRODUCTS PRIVATE LIMITED	Director	28/09/2009	05/08/2008	-	Active	NO
14	U17110GJ1997PTC033436	SHAKTI POLYWEAVE PRIVATE LIMITED	Director	27/08/2009	01/10/2008	-	Active	NO
15	U40109MH2008PTC187793	FAMY ENERGY PRIVATE LIMITED	Director	27/10/2008	27/10/2008	-	Active	NO
16	U85110MH2008PTC187843	COMPLETE DIABETES CARE PRIVATE LIMITED	Director	29/10/2008	29/10/2008	03/10/2011	Active	NO
17	U24232GA1997PTC002375	KENPACK PHARMA PRIVATE LIMITED	Director	12/01/2011	12/01/2011	-	Active	NO
18	U80903MH2011PTC216683	INTEGRATED EDUTEAM SOLUTIONS PRIVATE LIMITED	Director	26/04/2011	26/04/2011	-	Active	NO

Name :	Mr. Gopal Lal Laddha
Designation :	Director
Address :	Flat No.703, building No.21, Sanskruti Thakur Complex, Kandivali (East), Mumbai-401101, Maharashtra, India
Date of Birth/Age :	15.12.1965
Date of Appointment :	17.03.2009
DIN No.:	01631331

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	U36910MH2007PTC173325	SPLURGE JEWELS PRIVATE LIMITED	Director	21/08/2007	21/08/2007	31/12/2007	Active	NO
2	U25190MH1998PTC114824	HEVEA FINE PRODUCTS PRIVATE LIMITED	Director	28/09/2009	17/03/2009	-	Active	NO
3	U24139MH2004PTC144395	TARAKESH PHARMA PRIVATE LIMITED	Director	30/09/2009	17/03/2009	-	Active	NO

Name :	Mr. Pradip Dwarkadas Shah
Designation :	Director
Address :	B-9, 2^nd Floor, Skyland Co-Operative Housing Society, Off S v Road, Adwar Murtt Lane, Irla Bridge, Andheri (West), Mumbai-400058, Maharashtra, India
Date of Birth/Age :	19.012.1944
Date of Appointment :	05.08.2008
DIN No.:	02300880

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	U25190MH1998PTC114824	HEVEA FINE PRODUCTS PRIVATE LIMITED	Director	28/09/2009	05/08/2008	Active	NO
2	U24139MH2004PTC144395	TARAKESH PHARMA PRIVATE LIMITED	Director	30/09/2009	05/08/2008	Active	NO

KEY EXECUTIVES

Name :	Mr. Keshav Shenoy
Designation :	Technical Consultant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2011

Names of Shareholders	No. of Shares
Jyotiprasad Taparia	500
Urmiladevi Taparia	500
Famy Care Limited, India	223460
TOTAL	224460

AS ON 30.09.2011

Equity Shares Break Up	Percentage of Holding
Bodies corporate	99.55
Directors or relatives of Directors	0.45
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer, Exporter, Trader and Distributor of latex based male plain condoms, latex based male ribbed condoms, latex based male dotted condoms.

PRODUCTION STATUS (AS ON : 31.03.2011)

Particulars	Unit	Installed Capacity	Actual Production
Condom	Pcs. In Lacs	1000	437.61

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Bank of Maharashtra, Kranti Chowk Branch, Aurangabad-431005, Maharashtra, India

Facilities :

Unsecured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Unsecured loan form parent company	41.942	6.132
Others	0.000	0.000
TOTAL	41.942	6.132

Banking Relations :	--
Auditors :
Name :	Suresh C Shah Chartered Accountant
Address :	6D, Flat No.80, Sonawala Building, Tardeo, Grantroad, Mumbai-400007, Maharashtra, India
Tel. No.:	91-22-23819509
Mobile No.:	91-9930225929
PAN No.:	AACPS6025N
Holding Company :	Famy Care Limited CIN No.: - U24236MH1987PLC044813
Associates :	· Mankarand Plantations Private Limited · Saroj Plantations Private Limited · Famy Steri Private Limited · Sanguinity Trading Company Private Limited · Vastu Shining Builders Private Limited · Gyan Plantations Private Limited · Shubh Grah Pravesh Private Limited · Kenpack Pharma Private Limited · Beach Healthcare Private Limited · Famy Energy Private Limited · Complete Diabetic Care Private Limited · Tarakesh Pharma Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
225000	Equity Shares	Rs.100/- each	Rs. 22.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
224460	Equity Shares	Rs.100/- each	Rs. 22.446 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		22.446	22.446	4.946
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.000	0.000	0.305
4] (Accumulated Losses)		(18.776)	(18.706)	(8.810)
NETWORTH		3.670	3.740	(3.559)
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		41.942	6.132	13.399
TOTAL BORROWING		41.942	6.132	13.399
DEFERRED TAX LIABILITIES		0.279	0.418	0.274
TOTAL		45.891	10.290	10.114
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		9.278	7.817	8.473
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	5.841	6.374	1.894
	Sundry Debtors	32.507	1.448	0.093
	Cash & Bank Balances	0.400	0.048	0.697
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	2.316	1.104	1.931
Total Current Assets		41.064	8.974	4.615
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	2.348	5.015	1.675
	Other Current Liabilities	1.457	1.034	0.888
	Provisions	0.646	0.479	0.466
Total Current Liabilities		4.451	6.528	3.029
Net Current Assets		36.613	2.446	1.586
MISCELLANEOUS EXPENSES		0.000	0.027	0.055
TOTAL		45.891	10.290	10.114

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	58.135	8.358	6.782
		Other Income		0.197	0.351
		TOTAL	58.135	8.555	7.133
Less	EXPENSES
		Office Expenses	58.344	19.061	15.781
		Administrative Expenses
		Advertising Expenses
		TOTAL	58.344	19.061	15.781
	PROFIT / (LOSS) BEFORE TAX		(0.209)	(10.506)	(8.648)
Less	TAX		(0.139)	0.144	0.124
	PROFIT / (LOSS) AFTER TAX		(0.070)	(10.650)	(8.772)
	EXPORT VALUE		0.000	0.005	0.000
	Earnings / (Loss) Per Share (Rs.)		(0.31)	--	--

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	(0.12)	(124.49)	(122.98)
Net Profit Margin (PBT/Sales)	(%)	NA	(125.70)	(127.51)
Return on Total Assets (PBT/Total Assets}	(%)	(0.42)	(62.57)	(66.08)
Return on Investment (ROI) (PBT/Networth)		(0.06)	(2.81)	2.43
Debt Equity Ratio (Total Liability/Networth)		12.72	3.50	(4.69)
Current Ratio (Current Asset/Current Liability)		9.23	1.37	1.52

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	Yes
10]	Designation of contact person	Yes
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)	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	Yes

NOTE

Registered office has been shifted from Taram Plot No.31, Gut No.41, Opposite Wakmikanchanwadi, Aurangabad, Maharashtra, India to the present address w.e.f.02.02.2009

FINANCIAL RESULTS

In this financial year the company had earned total income of Rs. 58.135 millions as compared to Rs. 8.555 millions in the previous year and incurred total expenditure of Rs. 58.344 millions as compared to Rs. 19.061 millions in the previous year. Therefore total loss incurred amounting to Rs. 0.209 million as compared to the loss of previous year Rs. 10.506 millions

FIXED ASSETS

· Land

· Factory Building

· Plant and Machinery

· Lab Equipments

· Electrical Installation

· Furniture and Fixtures

· Vehicles

· Office Equipments

· Factory Equipments

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. 56.08
UK Pound	1	Rs. 87.02
Euro	1	Rs. 68.36

INFORMATION DETAILS

Information Gathered by :	SVA
Report Prepared by :	DPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	--
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	--
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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		26

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.