MIRA INFORM REPORT

Report Date :

08.08.2012

IDENTIFICATION DETAILS

Name :	ECOGREEN BRICKS
Registered Office :	B. B. Das Road, Post and District Purulia – 723101, West Bengal
Country :	India
Financials (as on) :	31.03.2011
Year of Establishment :	November, 2010
Capital Investment / Paid-up Capital :	Rs.0.649 Million
PAN No.: [Permanent Account No.]	AADFE2561K
Legal Form :	Partnership Concern with an Unlimited Liability of the Partners
Line of Business :	Manufacturer and Trading of Fly Ash Bricks.
No. of Employees :	3 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

C

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Yet to commenced business
Payment Behaviour :	--
Litigation :	Clear
Comments :	Subject is a relatively new partnership concern and it is yet to commenced its commercial operation. As confirmed by Mr. B. D. Mall, C.E.O. the concern will commenced its operation by end of this month i.e. August 2012. The concern can be considered for business dealings on a safe and secured 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 – 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 DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ 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 PARTED BY

Name :	Mr. B. D. Mall
Designation :	Chief Executive Officer
Contact No.:	91-9933012784
Date :	06.08.201

LOCATIONS

Registered Office/ Factory :	B. B. Das Road, Post and District Purulia – 723101, West Bengal, India
Tel. No.:	Not Available
Mobile No.:	91-9933012784 (Mr. B. D. Mall)
Fax No.:	Not Available
E-Mail :	ecogreenbricks@yahoo.com

PARTNERS

Name :	Mrs. Sangeeta Bihani
Designation :	Partner
Address :	No.137, Govindappa Naicken Street, Chennai - 600001, Tamilnadu, India
Date of Birth/Age :	15.09.1974
PAN No.:	AFXPB5807Q
Name :	Mrs. Manasi Mohta
Designation :	Partner
Address :	23/2, Netaji Subhash Road, Liluah, Howrah – 711204, West Bengal, India
Date of Birth/Age :	21.04.1979
Qualification :	B. Com
PAN No.:	AXMPM3045J

KEY EXECUTIVES

Name :	Mr. B. D. Mall
Designation :	Chief Executive Officer

BUSINESS DETAILS

Line of Business :	Manufacturer and Trading of Fly Ash Bricks.
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

PRODUCTION STATUS

Particulars	Capacity in case of Manufacturer
Fly Ash Brick	54 Lac Pc. P.a.

GENERAL INFORMATION

No. of Employees :	3 (Approximately)
Bankers :	· Bank of India · ING Vysya Bank Limited

Banking Relations :	--
Auditors :
Name :	Mahesh Kumar Rathi and Company Chartered Accountant
Address :	Madhya Bazar, S.C.D.C. Road, Purulia, West Bengal, India
Tel. No.:	91-3252-224565
Mobile No.:	91-9002472465
Email :	m_krathi@yahoo.co.in

CAPITAL STRUCTURE

PARTNER’S CAPITAL ACCOUNT AS ON 31.03.2011

(RS. IN MILLIONS)

Particulars	Amount
Mrs. Sangeeta Bihani
Opening Balance	--
Add: Introduction	0.388	0.388
Mrs. Manasi Mohta
Opening Balance	--
Add: Introduction	0.261	0.261
Total		0.649

FINANCIAL DATA

[all figures are in Rupees Millions]

Note: Sole Proprietory and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry.

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011
SHAREHOLDERS FUNDS
1] Share Capital		0.649
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		0.000
NETWORTH		0.649
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.100
TOTAL BORROWING		0.100
DEFERRED TAX LIABILITIES		0.000
TOTAL		0.749
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.000
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	0.000
	Cash & Bank Balances	0.739
	Other Current Assets	0.000
	Loans & Advances	0.000
Total Current Assets		0.739
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	0.000
	Other Current Liabilities	0.000
	Provisions	0.000
Total Current Liabilities		0.000
Net Current Assets		0.739
MISCELLANEOUS EXPENSES		0.000
Preliminary Expenses		0.010
TOTAL		0.749

KEY RATIOS

PARTICULARS	31.03.2011
Debt Equity Ratio (Total Liability/Networth)	0.15
Current Ratio (Current Asset/Current Liability)	0.00

LOCAL AGENCY FURTHER INFORMATION

Check list by info Agents	Available in Report (Yes/ No)
Year of Establishment	Yes
Locality of the Firm	Yes
Constitution of the Firm	Yes
Premises details	No
Type of Business	Yes
Line of Business	Yes
Promoter’s Background	Yes
No. of Employees	Yes
Name of Person Contacted	Yes
Designation of Contact person	Yes
Turnover of Firm for last three years	No
Profitability for last three years	No
Reasons for variation <> 20%	-----
Estimation for coming financial year	No
Capital in the business	Yes
Details of sister concerns	No
Major Suppliers	No
Major Customers	No
Payments Terms	Yes
Export/ Imports Details (If applicable)	No
Market Information	-----
Litigations that the firm/ Promoters Involved in	-----
Banking details	Yes
Banking Facility Details	No
Conduct of the Banking Account	-----
Buyer visit details	-----
Financials, if provided	Yes
Incorporation details is applicable	No
Last Accounts filed at ROC	No
Major Shareholders, if available	No
Date of Birth of Proprietor/Partner/Director, if available	Yes
PAN of Proprietor/Partner/Director, if available	No
Voter ID No of Proprietor/Partner/Director, if available	No
External Agency Rating, if available	No

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COMPUTATION OF STATEMENT TO TOTAL INCOME

(MRS. SANGEETA BIHANI)

(RS. IN MILLIONS)

Particulars	31.03.2011
Income From Others Sources
Interests Receipts	0.964
Less: Interests Paid	0.113
	0.851
Less: Expenses	0.004	0.847
Gross Total Income		0.847
Less: Deduction u/s 80-C
LIC Premium and PPF	0.100
Less: Deduction u/s 80-CCD
IDBI Infrastructure Bond	0.020	0.120
Total Income		0.727
Total Income Rounded Of	0.727
Tax Payable On Rs/-	0.727	0.076
Add: Education Cess @ 3%		0.002
		0.078
Advance Tax	0.050
TDS	0.075	0.125
Refund Due		0.046

(MRS. SANGEETA BIHANI)

BALANCE SHEET

(RS. IN MILLIONS)

LIABILITIES	31.03.2011
Capital Account	4.011
Audit Fees Payable	0.003
Mayanck Bihani	0.315
Sundry Creditors other	0.053
Anand Bihani	2.933
Sundry Creditors	0.261
TOTAL	7.576
ASSETS
ICICI Prudential Life Insurance	0.300
ICICI Pru Pinnacle	0.100
Sundry Debtors	0.402
PPF	0.579
Post Office RD	0.107
Bharat Electricals	1.037
Power Geen Cables	2.900
UTI 1964	0.007
North Town Estate Private Limited	0.050
NABARD	0.131
FD-Corporate	0.338
Mutual Fund	0.040
NCD	0.225
IDFC Infra Bond	0.020
Eco Green Bricks (Partners)	0.388
SBI Bond (NCD)	0.100
India Infoline	0.001
Investment in Shares	0.375
Cash In Bank	0.457
Cash In Hand	0.019
TOTAL	7.576

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COMPUTATION OF INCOME

(MRS. MANASI MOHTA)

(RS. IN MILLIONS)

Particulars	31.03.2011
Income from Business and Profession
Hare of Profit from K M Impex	0.001
Less: Exempted	0.001	--
Income From Others Sources
Supervision charges	0.180
Income from Interest	0.029
Misc. Income	0.102
	0.311
Less: Expenses as per P/L A/C	0.037
	0.274
Less: Deduction under Chapter
LIP	0.050
	0.224
Round Figure U/ 288A		0.224
Tax Thereon		0.003
Add: Education Cess @ 3%		0.000
		0.003
Less: Tax Paid U/s 140A		0.003

(MRS. MANASI MOHTA)

CAPITAL ACCOUNT

(RS. IN MILLIONS)

Particulars	31.03.2011
Capital Account as per Last year		1.420
Add: profit on sale of Silver Utensils		0.300
Add: Profit During the year		0.275
		1.994
Less:
Drawings	0.036
LIP	0.050
Income Tax Asst. Year 2010-11	0.003	0.090
Total		1.904

ABRIDGED BALANCE SHEET

(RS. IN MILLIONS)

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		1.904	1.419	1.231
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.000	0.000	0.000
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		1.905	1.419	1.231
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		0.200	0.190	0.000
TOTAL BORROWING		0.200	0.190	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		2.104	1.609	1.231
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.000	0.000	0.000
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		1.697	0.190	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
Supervision Charges Receivable		0.060	0.060	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	0.000	0.000	0.000
	Cash & Bank Balances	0.022	0.013	0.046
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	0.324	1.346	1.185
Total Current Assets		0.347	1.359	1.231
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	0.000	0.000	0.000
	Other Current Liabilities	0.000	0.000	0.000
	Provisions	0.000	0.000	0.000
Total Current Liabilities		0.000	0.000	0.000
Net Current Assets		0.347	1.359	1.231
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		2.104	1.609	1.231

PROFIT & LOSS ACCOUNT

(RS. IN MILLIONS)

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	INCOME
		Supervision Charges	0.180	0.180
		Interest on Loans	0.029	0.111
		Bank Interests	0.000	0.000	0.254
		Misc Income	0.103	0.000
		Share of Profit from K. M. Impex	0.001	0.000
		TOTAL	0.313	0.291	0.254
Less	EXPENSES
		Legal Expenses	0.001	0.001	0.001
		Interest Paid	0.036	0.017	0.000
		Bank Charges	0.000	0.000	0.000
		TOTAL	0.037	0.018	0.001
	Gross profit transferred to capital account		0.276	0.273	0.253

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STATEMENT OF ASSETS AND LIABILITIES

MRS. CHANDRA KANTA MALL (WIFE OF MR. BHAIRAB DASS MALL)

(RS. IN MILLIONS)

Liabilities	31.03.2012	Assets	31.03.2012
Capital	2.790	Land and Building at Lake Road By Lane, Purulia	0.700
		Insurance	0.050
		Shares	0.060
		Stridhan (Jewellery etc)	1.100
		Loans and Advances	0.640
		Mic. Assets	0.240
Total	2.790	Total	2.790

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REPORT OF VALUATION OF IMMOVABLE PROPERTY

Purpose for which valuation is made	To ascertain present fair market value of property
Date as on which valuation is made	29.06.2012
Name of the Owner	S.D. Food Products, represented by Mrs. Chandra Kanta Mall W/o Mr. Bhairab Dass Mall.
If the property is under Joint ownership/ Co-ownership, share of each such owner. Area they shares undivided?	Sole Ownership
Brief Description of the Property	This is a single godown building 2040 sq. ft. covered area (as per physical measurement) (more or less) at Ground Floor. This is a commercial building having RCC framed structure. C Cemented Flooring. Wall have been finished with paints over plastered. Surface, Steel windows, rolling shutter etc. are there.
Location, Street, Ward etc.	Holding No.272, Lake Road Bue Lane, Ward No.3, under Purulia Municipality, P.S.- Purulia Mafasal, District Purulia.
Survey / Plot No. of Land	Mouza - Purulia, J. L. No.292, R. S. Plot No.5206 (Part), R. S. Khatian No.1346, Holding No.272, Lake Road Bue Lane, Ward no.3 under Purulia Municipality, P.S. Purulia Mafasal, District – Purulia.
Is the property situated in residential/ Commercial/ Mixed Area/ Industrial Area	Mostly commercial establishments.
Classification of locality – High class/ Middle Class/ Poor Class	Middle Class and Upper Middle Class.
Proximity to civic amenities, like school, hospitals, office, markets, cinema etc.	All are close by
Mean and proximity to surface communications by the locality is served.	Purulia Railway Station is less than 0.5 km Ranchi highway is about 1.5 km. local busses, Trackers are available from nearby
Area of lands supported by documentary proof, shape, dimensions and physical feature.	Area of Land 3 Kattah, 13 Chittak, 2sq. ft. = 2747 sq. ft. (more or less) Godown pace area 2040 sq. ft. SBA (Ground Floor)
Is it leasehold, the name of lessor/ lessee, nature of lease, dates of commencement and termination of lease and terms of renewal of lease: a) Initial Premium, b) Ground rent payable c) Unemed increase payable to the lessor in the event of sale or transfer	Freehold Property.
Furnished technical details of the building on a separate sheet.	Status of the property: This is a single storied godown building 2040 sq. ft. covered area (as per physical measurement) (more or less) at ground floor, This is a commercial building having RCC framed structure. Cemented Flooring. Walls have been furnished with paint over plastered surface. Steel window, rolling shutter etc. are there. Date of Inspection: 20.06.2012 Boundaries Land On the North: Land of Mr. Bhairab Dass Mall On the South: Land of G P Poddar and Others. On the East: 12 ft. wide common Passage. On the West: Boundary of Government Girls High School.
Is the building owner-occupied,/ tenanted/ both	Owner Occupied
Give details of water and electricity charges , it any to be done by the owner	Water: Municipal connection Electricity: Commercial connection by WBSEB
Is a pump is installed, who has a bear the cost of maintenance and operation – Owner or tenant?	Owner to bear the cost
Who has a bear the cost of electricity charges for lightning of common space like entrance hall, stairs, passages, compound etc – Owner or tenant?	Owner to bear the cost
What is the amount of property tax? Who is to bear it? Give details with documentary proof?	Papers not available for their verification
Is the building insured? If so, give the policy no. amount for which it is insured and the annual Premium	Papers not available for their verification
Land rate adopted in the valuation	Rs.9.00 lacs per Cottah.
If ale instanced are not available or not relied upon, the basis of arriving at the land rate	Discreet enquiries were made at the nearby locality.
For items of work done by engaging labour directly, give basic rates materials and labour supported by documentary proof.	No such details were made available at the time of their inspection.
Valuation Methodology	A] Land The present fair market value of similarly located land in the vicinity worked out from the prevailing selling price of land in the present day market as obtained by comparative ale method and also as obtained by local enquiry have been found to be ranging between Rs.9.00 lacs to Rs.10.00 lacs per cottah depending upon their shapes, sizes and orientation. Therefore, the this case considering lower range of land value i.e. Rs.9.00 lacs per cottah, for an area of 2747 sq. ft. = 3.82 Cottahs, Land value comes to Rs.3.438 Millions B] Godown Building: The structure appears to be above 6 year’ old. The residual life of the structure is ascertained to be further at least for 55 years. Value of the structure having an area covering more or less 2040 sq. ft. @ Rs.1050= Per sq. ft. - Rs.2.142 Millions Less: Depreciation # 2% - Rs.0.043 Million -------------------------------------------------------------------- Total = Rs.2.099 Millions
Approach to total valuation of the Property (Land and Building)
Total Land Value	Rs.3.438 Millions
Total Godown Building Value	Rs.2.099 Millions
Total Value of the Property	Rs.5.537 Millions
N.B. : Thus, the present market value of the subject immovable property being maintained satisfactory at the captioned location arrives at Rs.5.037 Millions The forced ale value of the overall property in its present form may attract discount @ 20%, i.e. 80% of present fair Market value = 80% x Rs.5.037 Millions = Rs.4.029 Millions
A] Cost price of the property	---
B] Market Price of the property	Rs.5.537 Millions
C] Distress Sale Value	Rs.4.029 Millions
D] Registration value for similar properties with sub registrar office	Rs.5.643 Millions

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REPORT OF VALUATION OF IMMOVABLE PROPERTY

Purpose for which valuation is made	To ascertain present fair market value of property
Date as on which valuation is made	27.06.2012
Name of the Owner	Eco Green Bricks Represent by 1] Mrs. Sangita Bihani, W/o Mr. Anand Bihani, 2] Mr. Manasi Mohata, w/o/ Mr. Anup Mohata
If the property is under Joint ownership/ Co-ownership, share of each such owner. Area they shares undivided?	Undivided Joint Ownership
Brief Description of the Property	These are pieces of land and building with C. G. I Roofed structure, Building with Godown, Gate Office, Compound wall and Gate. The establishment is industrial one and for the manufacturing of Fly Ash Bricks which is having Optimum capacity. 20,000 Bricks per shift of 8 hours and Average capacity: 15,000 Bricks per shift of 8 hours. There are three phase Industrial connection from WBSEDCL.
Location, Street, Ward etc.	The property is located at Vill – Narrah P.O. Batikara, P.S. – Purulia Mafasal, District Purulia under Agaya Narrah Gram Panchayat.
Survey / Plot No. of Land	Mouza – Baraseni, J. L. No.109, R. S. Plot No.1355 (P) and 1369 (P), R. S. Khtian No.208 and 342, Vill – Narrah P.O. Batikara, P.S. – Purulia Mafassal, District Purulia under Agaya Narrah Gram Panchyat
Is the property situated in residential/ Commercial/ Mixed Area/ Industrial Area	Mixed Area.
Classification of locality – High class/ Middle Class/ Poor Class	Poor and Middle Class.
Proximity to civic amenities, like school, hospitals, office, markets, cinema etc.	Closeby
Mean and proximity to surface communications by the locality is served.	Only surface Transport is available from the property
Area of land supported by documentary proof, shape, dimension and physical features.	Area of land (in total): measuring 2398 acre = 298 decimal (More or less) Deed: I-1531 dated 02.05.2011: Area of Land 85 Decimals Deed: I-1366 dated 13.04.2011: area of land: 213 Decimals. All stands in the names of Eco Green Bricks. Represent by 1] Mrs. Sangita Bihani, W/o Mr. Anand Bihani 2] Mrs. Manasi Mohata, W/o Mr. Anup Mohata
Is it leasehold, the name of lessor/ lessee, nature of lease, dates of commencement and termination of lease and terms of renewal of lease: a) Initial Premium, b) Ground rent payable c) Unemed increase payable to the lessor in the event of sale or transfer	Freehold Property.
Furnished technical details of the building on a separate sheet.	Status of the property: These are piece of land and building with C. G. I Roofed structure, Building with Godown, Gate Office, Compound wall and Gate. The establishment is industrial one and for the manufacturing of Fly Ash Bricks which is having Optimum capacity. 20,000 Bricks per shift of 8 hours and Average capacity: 15,000 Bricks per shift of 8 hours. There are three phase Industrial connection from WBSEDCL. Total area of land: Measuring 2.98 acre = 298 Decimal (more or less) Date of Inspection: 20.06.2012 Boundaries of the land On the North: R. S. Plot No. 1355 (P) On the South: R. S. Plot No. 1355 (P) On the East: Barakar Road, On the West: R. S. Plot No.1355(P)
Is the building owner-occupied,/ tenanted/ both	Owner Occupied
Who has a bear the cost of electricity charges for lightning of common space like entrance hall, stairs, passages, compound etc – Owner or tenant?	By the owner
Land rate adopted in the valuation	Rs.12,000/- per decimal.
If ale instanced are not available or not relied upon, the basis of arriving at the land rate	Discreet enquiries were made at the nearby locality.
Valuation Methodology	Approach to Valuation Land The present fair market value of similarly located land in the vicinity worked out from the prevailing selling price of land in the present day market as obtained by comparative sale method and also as obtained by local enquiry have been found to be ranging between Rs.12,000/- to Rs.15,000/- per decimal depending upon their shapes, sizes and orientation. Therefore, in this case considering lower range of land value i.e. Rs.12,000/- per decimal, for an area of 298 decimal(more or less) land value comes to Rs.3.576 Millions (Cost of compound wall, Gate, Land development etc. have been included in the land value). Note: Government valuation (land only): Rs.15,000/- per decimal. Thus total value arrives at Rs.4.470 Millions. Building and structure (at its present status) Shed Structure as per sanctioned Plan Covd. Area 2450 sft. Howvere actual construction is 100 x 50’ Sft = 5000 sft @ Rs.650/- per sq. ft. = Rs.3.250 Millions Godown Shed 300 sft @ Rs.600/- = per sq. ft. = Rs.0.180 Million Electric Room 150 sft @ Rs.600/- per sq. ft. = Rs.0.090 Million Guard Room 94 sft @ Rs.600/- = per sq. ft. = Rs.0.056 Millions. -------------------------------------------------------------------- Total = Rs.3.576 Millions Note: as the construction is new, they can ascertain it future life to the tune of at least 60 years if maintained properly. Plant and Machinery A] Complete set of automatic Flywash bricks manufacturing plant consists of mixer, conveyor, hydraulic operated ten bricks manufacturing unit (make Jayam Manufacturing Co-Noida) Value Rs.0.700 Million B] Ancillary · Brick Testing Machine, hydraulic Hand Operated, 100 Ton. · Hydraulic Lift Hand Operate trucks · Cycle Tollies · Wheel Borrow · Pallets. (Lot: 2000 nos.: 20 mm thick water proof ply of size: 1’9” x 2’3”) · Submersible pumps (2 nos) with 10,000 lit. Capacity water Tank. · Electrical Installations. They have ascertained total value on basis of bills etc Rs.0.850 Million Thus total value of plants and machineries arrives at Rs.1.550 Millions
Approach to total valuation of the Property (Land and Building)
Total Land Value	Rs.3.576 Millions
Total Structure Value	Rs.3.576 Millions
Total Plants and Machineries value	Rs.1.550 Millions
Total Value of the Property	Rs.8.702 Millions
N.B. : Thus, the present market value of the subject immovable property being maintained satisfactory at the captioned location arrives at Rs.8.702 Millions The forced ale value of the overall property in its present form may attract discount (As this is an industrial establishment located at Reasonably remote are @ 30%, i.e. 70% of Present Fair Market Value = 70% x Rs.8.702 Millions = Rs.6.091 Millions
A] Cost price of the property	---
B] Market Price of the property	Rs.8.702 Millions
C] Distress Sale Value	Rs.6.091 Millions
D] Registration value for similar properties with sub registrar office	Rs.4.470 Millions (Land Only)

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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.87.03
Euro	1	Rs.68.36

INFORMATION DETAILS

Information Gathered by :	PJA
Report Prepared by :	NIT

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	-

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.