1. Summary Information

		Country	India
Company Name	ORIENT CRAFT LIMITED	Principal Name 1	Mr. Sudhir Dhingra
Status	Satisfactory	Principal Name 2	Mr. Krishan Kant Kohli
		Registration #	55-008890
Street Address	F-8, Okhla Industrial Area, Phase- I, New Delhi- 110 020, India
Established Date	28.02.1978	SIC Code	--
Telephone#	91-11-26813511/ 26818247/ 26818250/ 26818249/ 26389196 / 26811190	Business Style 1	Manufacturer
Fax #	91-11-26815823/ 26814980	Business Style 2	Importer
Homepage	http://www.orientknits.com	Product Name 1	Readymade Garments
# of employees	Not Available	Product Name 2	Home Furnishing Product
Paid up capital	Rs.197,741,460/-	Product Name 3	Fabric
Shareholders	Foreign holdings - 2.43% Directors or relatives of Directors - 97.33% Other top fifty shareholders - 0.24%	Banking	Corporation Bank
Public Limited Corp.	No	Business Period	34 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	Ba (44)
Related Company
Relation	Country	Company Name	CEO
Subsidiaries Company	--	O.C. Denims and Special Finishes Limited	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	4,094,914,000	Current Liabilities	2,357,396,000
Inventories	3,726,245,000	Long-term Liabilities	6,805,925,000
Fixed Assets	2,053,363,000	Other Liabilities	109,467,000
Deferred Assets	159,118,000	Total Liabilities	9,272,788,000
Invest& other Assets	1,404,414,000	Retained Earnings	1,967,525,000
	0	Net Worth	2,165,266,000
Total Assets	11,438,054,000	Total Liab. & Equity	11,438,054,000
Total Assets (Previous Year)	10,183,066,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	9,421,411,000	Net Profit	46,300,000
Sales(Previous yr)	8,805,899,000	Net Profit(Prev.yr)	153,390,000

MIRA INFORM REPORT

Report Date :

11.08.2012

IDENTIFICATION DETAILS

Name :	ORIENT CRAFT LIMITED
Registered Office :	F-8, Okhla Industrial Area, Phase- I, New Delhi- 110 020
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	28.02.1978
Com. Reg. No.:	55-008890
Capital Investment / Paid-up Capital :	Rs.197.741 Millions
CIN No.: [Company Identification No.]	U74899DL1978PLC008890
TAN No.: [Tax Deduction & Collection Account No.]	DELO01857C
PAN No.: [Permanent Account No.]	AAAC00068M
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer, Importer and Exporter of all kind of Readymade Garments.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (44)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 8600000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is a well established company having satisfactory track. Even though the company has recorded a better increase in its sales turnover, there appears huge dip in the profitability during 2011. However, trade relations are reported as decent. Business is active. Payments are reported to be usually correct. The company can be considered for business dealings at usual 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

EXTERNAL AGENCY RATING

Rating Agency Name	CARE
Rating	Short term bank facility = A3
Rating Explanation	Moderate degree of safety and high credit risk.
Date	29.02.2012

Rating Agency Name	CARE
Rating	Long term bank facility = BBB
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	29.02.2012

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.

LOCATIONS

Registered Office Corporate Office /Plant ::	F-8, Okhla Industrial Area, Phase- I, New Delhi- 110 020, India
Tel. No.:	91-11-26813511/ 26818247/ 26818250/ 26818249/ 26389196 / 26811190
Fax No.:	91-11-26815823/ 26814980
E-Mail :	oclcorp@del3.vsnl.net.in anpandey@co.oclcorp.com
Website :	http://www.orientknits.com
Area :	1200 sq. yards.
Location :	Owned
Head Office :	Orient House, D-9/1, Okhla Industrial Area, Phase II, New Delhi – 110 020, India
Tel. No.:	Tel. 91-11-26918279 / 26910132 / 26911196
Fax No.:	Fax. 91-11-26842902
Location :	Industrial
Corporate Office/Plant/Warehouse :	7-D, Maruti Industrial Complex, Sector – 18, Udyog Vihar, Gurgaon – 122 015, Haryana, India
Tel. No.:	91-124-2342043 /47 / 4090800 (30 Lines)/ 6342042 / 48 / 2343262
Fax No.:	91-124-2341110 / 2342042 / 6342049
E-Mail :	oclcorp@del3.vsnl.net.in
Factory :	Plot No. 34A and 34B, Maruti Industrial Complex, Phase- VI, Gurgaon, Haryana, India
Plants/ Warehouses 2 :	B-14, Okhla Industrial Area, Phase II, New Delhi - 110 020, India
Tel. No.:	91-11-26916049 / 26910655 / 7384
Fax No.:	91-11-26840670
Plants/ Warehouses 3 :	B-26, Okhla Industrial Area, New Delhi – 110 020, India
Plants/ Warehouses 4 :	7-A, Maruti Industrial Complex , Sector 18, Gurgaon – 122 015, Haryana, India
Plants/ Warehouses 5 :	14, Maruti Industrial Complex, Sector 18, Gurgaon – 122 015, Haryana, India
Plants/ Warehouses 6 :	14-A, Maruti Industrial Complex, Sector 18, Gurgaon – 122 015, Haryana, India
Plants/ Warehouses 7 :	68, Maruti Industrial Complex, Sector 18, Gurgaon – 122 015, Haryana, India
Plants/ Warehouses 8 :	88, Maruti Industrial Complex , Sector 18, Gurgaon – 122 015, Haryana, India
Plants/ Warehouses 9 :	Plot No. 293, Pace City II, Udhyog Vihar, Phase V (Village Khandsa), Gurgaon, Haryana, India
Plants/ Warehouses 10 :	Plot No. 136-137, Pace City II, Udhyog Vihar, Phase V (Village Khandsa), Gurgaon, Haryana, India
Plants/ Warehouses 11 ::	Plot No.12-13, Sector-37, Phase-6, Gurgaon – 122012, Haryana, India
Tel. No.:	91-124-4093800

DIRECTORS

As on 24.09.2011

Name :

Mr. Sudhir Dhingra

Designation :

Chairman and Managing Director

Address :

F-25, Radhey Mohan Drive, Bandh Road, Gadaipur Mehrauli, New Delhi – 110 030, India

Date of Birth/Age :

17.03.1948

Date of Appointment :

01.07.1988

DIN No.:

00006048

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	U74899DL1978PLC008890	ORIENT CRAFT LIMITED	Managing director	1/07/1988	1/07/1988	-	Active	NO
2	U74899DL1994PTC062134	KOHLI HOLDINGS PRIVATE LIMITED	Director	13/10/1994	13/10/1994	-	Active	NO
3	U74899DL1985PTC020026	KANSHI STEEL WORKS PRIVATE LTD	Director	19/04/1997	19/04/1997	-	Active	NO
4	U74899DL1994PTC062033	ORIENT FUNDS MANAGEMENT PRIVATE LIMITED	Director	19/08/1997	19/08/1997	-	Active	NO
5	U74899DL1988PTC030346	K K FARMS PRIVATE LIMITED	Director	19/08/1997	19/08/1997	-	Active	NO
6	U74899DL1994PTC062037	ORIENT PORTFOLIO PRIVATE LIMITED	Director	19/08/1997	19/08/1997	-	Active	NO
7	U70101DL1999PTC098414	SOLITUDE ESTATES PRIVATE LIMITED	Director	16/02/1999	16/02/1999	-	Active	NO
8	U70101DL1999PTC098417	SAHIL REALTORS PRIVATE LIMITED	Director	16/02/1999	16/02/1999	-	Active	NO
9	U70101DL1999PTC098415	ZOOM ESTATES PRIVATE LIMITED	Director	16/02/1999	16/02/1999	-	Active	NO
10	U70109DL1999PTC098416	ARISTO ESTATES PRIVATE LIMITED	Director	16/02/1999	16/02/1999	-	Active	NO
11	U18101DL2001PLC111155	ORIENT CRAFT APPARELS LIMITED	Director	7/6/2001	7/6/2001	-	Active	NO
12	U18101DL2001PTC112557	O.C.ACCESSORIES PRIVATE LIMITED	Director	11/9/2008	26/09/2001	-	Active	NO
13	U18101DL2001PTC112555	VS HANDLOOMS PRIVATE LIMITED	Director	26/09/2001	26/09/2001	-	Active	NO
14	U18101DL2001PTC112556	SAHIL KNITWEAR PRIVATE LIMITED	Director	26/09/2001	26/09/2001	-	Active	NO
15	U18010DL2001PTC112754	O.C. FASHION PRIVATE LIMITED	Director	10/10/2001	10/10/2001	-	Active	NO
16	U18101DL2001PTC113035	O.C.FASHION APPAREL PRIVATE LIMITED	Director	6/11/2001	6/11/2001	-	Active	NO
17	U45203DL2002PTC114215	JAGUAR REALTORS PRIVATE LIMITED	Director	14/02/2002	14/02/2002	10/4/2010	Active	NO
18	U45203DL2002PTC114212	FASCINATION ESTATES PRIVATE LIMITED	Director	14/02/2002	14/02/2002	10/4/2010	Active	NO
19	U45203DL2002PTC114211	LABURNUM REALTORS PRIVATE LIMITED	Director	14/02/2002	14/02/2002	17/02/2010	Active	NO
20	U18101DL2002PTC118066	S.OLIVER FASHION INDIA PRIVATE LIMITED	Director	17/12/2002	17/12/2002	15/04/2012	Active	NO
21	U18101DL2002PTC118063	O C CROCHETS PRIVATE LIMITED	Director	17/12/2002	17/12/2002	-	Active	NO
22	U18101DL2002PLC118065	ORIENT CRAFT BRANDS LIMITED	Director	17/12/2002	17/12/2002	-	Active	NO
23	U45202DL2003PTC119537	VICTORIA REALTORS PRIVATE LIMITED	Director	25/03/2003	25/03/2003	-	Active	NO
24	U70101DL2003PTC120426	OLYMPUS REALTORS PRIVATE LIMITED	Director	20/05/2003	20/05/2003	-	Active	NO
25	U70101DL2003PTC120495	MAHAMAYA REALTORS PRIVATE LIMITED	Director	23/05/2003	23/05/2003	-	Active	NO
26	U18101DL2004PLC125384	O. C. DENIMS AND SPECIAL FINISHES LIMITED	Director	24/03/2004	24/03/2004	-	Active	NO
27	U18101DL2005PTC132967	FRESHTEX BANGALORE PRIVATE LIMITED	Director	14/02/2005	14/02/2005	22/03/2006	Active	YES
28	U64201PB1992PLC011919	ORIENT CRAFT FASHION TECHNOLOGIES LTD	Director	19/07/2005	19/07/2005	-	Active	NO
29	U45201DL2005PLC140142	ORIENT CRAFT INFRASTRUCTURE LIMITED	Whole-time director	2/4/2011	30/08/2005	-	Active	NO
30	U18204DL2007PTC161149	COLLECTIONS APPAREL PRIVATE LIMITED	Director	26/03/2007	26/03/2007	-	Active	NO
31	U80302DL2008PTC172335	ORIENT CRAFT FASHION INSTITUTE OF TECHNOLOGY PRIVATE LIMITED	Director	7/1/2008	7/1/2008	-	Active	NO
32	U70101DL1997PTC087863	LIMELIGHT TOWERS PRIVATE LIMITED	Director	21/09/2010	22/02/2010	-	Active	NO
33	U70101DL1996PTC083569	EXACT DEVELOPERS AND PROMOTERS PRIVATE LIMITED	Director	24/03/2010	24/03/2010	-	Active	NO
34	U70101HR2010PLC041559	RAJASTHAN INTEGRATED APPAREL CITY LIMITED	Director	18/11/2010	18/11/2010	-	Active	NO
35	U18109DL2011PLC222847	ORIENT CRAFT SWEATERS LIMITED	Director	26/07/2011	26/07/2011	-	Active	NO
36	U45201DL2003PTC119236	RESIDENCY GREEN APARTMENTS PRIVATE LIMITED	Additional director	12/3/2012	12/3/2012	-	Active	NO

Name :

Mr. Krishan Kant Kohli

Designation :

Managing Director

Address :

A-2, Geetanjali Enclave, New Delhi – 110 017

Date of Birth/Age :

30.10.1950

Date of Appointment :

03.12.1979

DIN No.:

00004853

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	U74899DL1978PLC008890	ORIENT CRAFT LIMITED	Managing director	1/4/2006	3/12/1979	-	Active	NO
2	U74899DL1988PTC030346	K K FARMS PRIVATE LIMITED	Director	18/01/1988	18/01/1988	-	Active	NO
3	U74899DL1985PTC020026	KANSHI STEEL WORKS PRIVATE LTD	Director	10/6/1991	10/6/1991	-	Active	NO
4	U74899DL1986PTC025858	SINKAP (INDIA) PRIVATE LIMITED	Director	1/6/1994	1/6/1994	-	Active	NO
5	U74899DL1994PTC062041	DHRUV HOLDINGS PRIVATE LIMITED	Director	10/10/1994	10/10/1994	-	Active	NO
6	U74899DL1994PTC062912	SHIVANI ESTATES PRIVATE LIMITED	Director	23/11/1994	23/11/1994	-	Active	NO
7	U45201DL1996PTC082525	EXOTIC ESTATES PRIVATE LIMITED	Director	10/10/1996	10/10/1996	-	Active	NO
8	U18101DL1997PTC090068	JAI DURGA CLOTHING PRIVATE LIMITED	Director	8/10/1997	8/10/1997	-	Active	NO
9	U74899DL1994PTC062134	KOHLI HOLDINGS PRIVATE LIMITED	Director	7/3/1998	7/3/1998	-	Active	NO
10	U18101DL2001PLC111155	ORIENT CRAFT APPARELS LIMITED	Director	7/6/2001	7/6/2001	-	Active	NO
11	U18101DL2002PLC118065	ORIENT CRAFT BRANDS LIMITED	Director	17/12/2002	17/12/2002	-	Active	NO
12	U18101DL2002PTC118066	S.OLIVER FASHION INDIA PRIVATE LIMITED	Director	17/12/2002	17/12/2002	15/04/2012	Active	NO
13	U18101DL2002PTC118063	O C CROCHETS PRIVATE LIMITED	Director	17/12/2002	17/12/2002	-	Active	NO
14	U45201DL2003PTC119236	RESIDENCY GREEN APARTMENTS PRIVATE LIMITED.	Director	30/09/2011	4/3/2003	-	Active	NO
15	U18101DL2004PLC125384	O. C. DENIMS AND SPECIAL FINISHES LIMITED	Director	24/03/2004	24/03/2004	-	Active	NO
16	U18101DL2005PTC132967	FRESHTEX BANGALORE PRIVATE LIMITED	Director	14/02/2005	14/02/2005	22/03/2006	Active	YES
17	U64201PB1992PLC011919	ORIENT CRAFT FASHION TECHNOLOGIES LTD	Managing director	25/03/2011	19/07/2005	-	Active	NO
18	U45201DL2005PLC140142	ORIENT CRAFT INFRASTRUCTURE LIMITED	Director	30/08/2005	30/08/2005	-	Active	NO
19	U70101DL2003PTC120426	OLYMPUS REALTORS PRIVATE LIMITED	Director	29/09/2007	29/09/2006	-	Active	NO
20	U18204DL2007PTC161149	COLLECTIONS APPAREL PRIVATE LIMITED	Director	26/03/2007	26/03/2007	-	Active	NO
21	U45202DL2003PTC118509	GOLF VIEW ESTATES PRIVATE LIMITED	Director	29/09/2008	18/03/2008	9/7/2011	Active	NO
22	U18010DL2001PTC112754	O.C. FASHION PRIVATE LIMITED	Director	24/09/2010	7/7/2010	-	Active	NO
23	U18101DL2001PTC113035	O.C.FASHION APPAREL PRIVATE LIMITED	Director	24/09/2010	7/7/2010	-	Active	NO
24	U18101DL2001PTC112557	O.C.ACCESSORIES PRIVATE LIMITED	Director	24/09/2010	7/7/2010	-	Active	NO
25	U70109DL2011PTC224541	STRONG INFRATECH PRIVATE LIMITED	Additional director	4/11/2011	4/11/2011	6/1/2012	Active	NO
26	U70200DL2011PTC227777	FERVENT ESTATES PRIVATE LIMITED	Director	22/11/2011	22/11/2011	-	Active	NO
27	U18109HR2011PTC044398	ORIENT CRAFT KNITWEAR PRIVATE LIMITED	Director	25/11/2011	25/11/2011	-	Active	NO

Name :

Mr. Anoop Thatai

Designation :

Managing Director

Address :

A-25/14 DLF Qutab Enclave, Phase – I, Gurgaon – 122 002, Haryana

Date of Birth/Age :

11.02.1964

Date of Appointment :

10.01.1994

DIN No.:

00004666

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	U74899DL1978PLC008890	ORIENT CRAFT LIMITED	Managing director	1/4/2006	10/1/1994	-	Active	NO
2	U18101DL2000PTC105100	ONWARD KNITWEAR SOLUTIONS PRIVATE LIMITED	Director	7/4/2000	7/4/2000	-	Active	NO
3	U74899DL1995PTC074300	MORTEK ELECTRONICS PRIVATE LIMITED	Director	1/6/2000	1/6/2000	-	Active	NO
4	U18101DL2001PLC111155	ORIENT CRAFT APPARELS LIMITED	Director	7/6/2001	7/6/2001	-	Active	NO
5	U18101DL2002PLC118065	ORIENT CRAFT BRANDS LIMITED	Director	17/12/2002	17/12/2002	-	Active	NO
6	U18101DL2002PTC118066	S.OLIVER FASHION INDIA PRIVATE LIMITED	Director	17/12/2002	17/12/2002	15/04/2012	Active	NO
7	U18101DL2002PTC118063	O C CROCHETS PRIVATE LIMITED	Director	17/12/2002	17/12/2002	-	Active	NO
8	U45202DL2003PTC118509	GOLF VIEW ESTATES PRIVATE LIMITED	Director	16/01/2003	16/01/2003	31/10/2011	Active	NO
9	U18101DL2004PLC125384	O. C. DENIMS AND SPECIAL FINISHES LIMITED	Managing director	13/09/2007	24/03/2004	-	Active	NO
10	U70101DL2004PTC129197	ARDENT REAL ESTATES PRIVATE LIMITED	Director	17/09/2004	17/09/2004	8/7/2008	Active	NO
11	U18101DL2005PTC132967	FRESHTEX BANGALORE PRIVATE LIMITED	Director	14/02/2005	14/02/2005	22/03/2006	Active	YES
12	U64201PB1992PLC011919	ORIENT CRAFT FASHION TECHNOLOGIES LTD	Director	19/07/2005	19/07/2005	-	Active	NO
13	U45201DL2005PLC140142	ORIENT CRAFT INFRASTRUCTURE LIMITED	Director	30/08/2005	30/08/2005	-	Active	NO
14	U70101DL2003PTC120426	OLYMPUS REALTORS PRIVATE LIMITED	Director	29/09/2007	29/09/2006	-	Active	NO
15	U18204DL2007PTC161149	COLLECTIONS APPAREL PRIVATE LIMITED	Director	26/03/2007	26/03/2007	-	Active	NO
16	U45201DL2003PTC119236	RESIDENCY GREEN APARTMENTS PRIVATE LIMITED.	Director	15/09/2008	25/07/2008	-	Active	NO
17	U18010DL2001PTC112754	O.C. FASHION PRIVATE LIMITED	Director	24/09/2010	7/7/2010	-	Active	NO
18	U18101DL2001PTC113035	O.C.FASHION APPAREL PRIVATE LIMITED	Director	24/09/2010	7/7/2010	-	Active	NO
19	U18101DL2001PTC112557	O.C.ACCESSORIES PRIVATE LIMITED	Director	24/09/2010	7/7/2010	-	Active	NO
20	U70200DL2011PTC227777	FERVENT ESTATES PRIVATE LIMITED	Director	22/11/2011	22/11/2011	-	Active	NO
21	U18109HR2011PTC044398	ORIENT CRAFT KNITWEAR PRIVATE LIMITED	Director	25/11/2011	25/11/2011	-	Active	NO

Name :

Mr. Sahil Dhingra

Designation :

Whole time Director

Address :

F-25, Radhey Mohan Drive, Bandh Road, Gadaipur Mehrauli, New Delhi – 110 030, India

Date of Birth/Age :

08.08.1978

Date of Appointment :

13.09.2007

DIN No.:

00006054

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	U70101DL1999PTC098417	SAHIL REALTORS PRIVATE LIMITED	Director	16/02/1999	16/02/1999	-	Active	NO
2	U70101DL1999PTC098415	ZOOM ESTATES PRIVATE LIMITED	Director	16/02/1999	16/02/1999	-	Active	NO
3	U70109DL1999PTC098416	ARISTO ESTATES PRIVATE LIMITED	Director	16/02/1999	16/02/1999	-	Active	NO
4	U18101DL2001PTC112555	VS HANDLOOMS PRIVATE LIMITED	Director	26/09/2001	26/09/2001	23/02/2009	Active	NO
5	U18101DL2001PTC112556	SAHIL KNITWEAR PRIVATE LIMITED	Director	26/09/2001	26/09/2001	-	Active	NO
6	U45203DL2002PTC114212	FASCINATION ESTATES PRIVATE LIMITED	Director	14/02/2002	14/02/2002	10/4/2010	Active	NO
7	U45203DL2002PTC114211	LABURNUM REALTORS PRIVATE LIMITED	Director	14/02/2002	14/02/2002	17/02/2010	Active	NO
8	U45203DL2002PTC114215	JAGUAR REALTORS PRIVATE LIMITED	Director	14/02/2002	14/02/2002	10/4/2010	Active	NO
9	U45202DL2003PTC119537	VICTORIA REALTORS PRIVATE LIMITED	Director	25/03/2003	25/03/2003	-	Active	NO
10	U70101DL2003PTC120495	MAHAMAYA REALTORS PRIVATE LIMITED	Director	23/05/2003	23/05/2003	-	Active	NO
11	U64201PB1992PLC011919	ORIENT CRAFT FASHION TECHNOLOGIES LTD	Director	19/07/2005	19/07/2005	-	Active	NO
12	U45201DL2005PLC140142	ORIENT CRAFT INFRASTRUCTURE LIMITED	Director	20/11/2005	20/11/2005	-	Active	NO
13	U18101DL2004PLC125384	O. C. DENIMS AND SPECIAL FINISHES LIMITED	Director	29/09/2007	4/12/2006	-	Active	NO
14	U74899DL1978PLC008890	ORIENT CRAFT LIMITED	Whole-time director	29/09/2007	13/09/2007	-	Active	NO
15	U45400DL2008PTC172271	O.C.CONSTRUCTION PRIVATE LIMITED	Director	4/1/2008	4/1/2008	16/03/2009	Active	NO
16	U80302DL2008PTC172335	ORIENT CRAFT FASHION INSTITUTE OF TECHNOLOGY PRIVATE LIMITED	Director	7/1/2008	7/1/2008	-	Active	NO
17	U18109DL2011PLC222847	ORIENT CRAFT SWEATERS LIMITED	Additional director	24/04/2012	24/04/2012	-	Active	NO

Name :

Mr. Ashok Kumar Munjal

Designation :

Director

Address :

Param Guru Chaya Farm, 40 Ghitorni M.G Road, New Delhi – 110 030, India

Date of Birth/Age :

14.02.1951

Date of Appointment :

24.05.2006

DIN No.:

00003843

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	U65921PB1981PTC004730	BHAGYODAY INVESTMENTS PRIVATE LIMITED	Director	26/11/1981	26/11/1981	20/05/2010	Active	NO
2	U74140DL1987PLC026696	HERO FINANCIAL SERVICES LIMITED	Director	1/8/1987	1/8/1987	7/9/2009	Active	NO
3	L34101HR1985PLC020934	MUNJAL SHOWA LIMITED	Director	2/1/1989	2/1/1989	-	Active	NO
4	U74899DL1991PLC046774	HERO FINCORP LIMITED	Director	20/12/1991	20/12/1991	4/3/2011	Active	NO
5	U74899DL1995PLC065253	HERO CORPORATE SERVICES LIMITED	Director	9/2/1995	9/2/1995	20/05/2010	Active	NO
6	U35999DL1996PLC075180	KRISHNA ISHIZAKI AUTO LIMITED	Director	4/1/1996	4/1/1996	13/11/2009	Active	NO
7	U27104HR1996PTC033093	SUNBEAM AUTO PRIVATE LIMITED	Managing director	1/4/2009	1/4/1999	-	Active	NO
8	U29299DL1998PLC093496	HERO MOTORS LIMITED	Director	28/09/2000	28/09/2000	20/05/2010	Active	NO
9	U93090DL2002PLC133214	EASY BILL LIMITED	Director	7/9/2002	7/9/2002	20/05/2010	Active	NO
10	U74140DL2004PLC125438	HERO MANAGEMENT SERVICE LIMITED.	Director	26/03/2004	26/03/2004	20/05/2010	Active	NO
11	U74899DL1978PLC008890	ORIENT CRAFT LIMITED	Director	26/06/2006	24/05/2006	-	Active	NO
12	U80101DL2006PTC148682	SKH EDUCATION PRIVATE LIMITED.	Director	4/11/2006	4/11/2006	-	Active	NO
13	U74899DL1973PTC006774	CHANDERNAGAR CHEMICALS AND MINERALS PRIVATE LIMITED	Director	7/4/2007	7/4/2007	31/12/2007	Active	NO
14	U34300DL2008PTC177689	HERO AUTO COMPONENTS PRIVATE LIMITED	Director	6/5/2008	6/5/2008	-	Strike off	NO
15	U34100DL2010PTC204604	H AND H INDUSTRIES PRIVATE LIMITED	Director	24/06/2010	24/06/2010	-	Active	NO
16	U27101HR2010PTC041516	SUNGLOW INDUSTRIES PRIVATE LIMITED	Director	10/11/2010	10/11/2010	-	Active	NO
17	U74999DL2010PTC210739	MARUTI INSURANCE BROKING PRIVATE LIMITED	Nominee director	24/11/2010	24/11/2010	-	Active	NO

Name :

Mr. Lalgudi Vaidhyanathan Saptharishi

Designation :

Director

Address :

M-88, 2^nd Floor, Greater Kailash – II, New Delhi – 110 048, NCT of Delhi

Date of Birth/Age :

15.07.1945

Date of Appointment :

03.04.2006

DIN No.:

00163254

Name :

Mr. Ajit Kumar Sahay

Designation :

Director

Address :

B-602, Rishi Apartments, Alaknanda, New Delhi – 110019, India

Date of Birth/Age :

22.01.1955

Date of Appointment :

04.08.2009

DIN No.:

00106473

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	U74899DL1988PTC030443	KAY BEE OVERSEAS PRIVATE LIMITED	Managing director	14/10/1995	14/10/1995	-	Active	NO
2	L65999DL1986PLC024493	NIKKI GLOBAL FINANCE LIMITED	Director	10/3/2003	10/3/2003	3/4/2007	Active	NO
3	U74140DL2007PTC163748	SUN ELEGANT CONSULTANTS PRIVATE LIMITED	Director	22/05/2007	22/05/2007	17/03/2011	Active	NO
4	U74899DL1978PLC008890	ORIENT CRAFT LIMITED	Director	30/09/2009	4/8/2009	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Alok Narayan Pandey
Designation :	Company Secretary
Address :	S-173, First Floor, Uppal Southend Floor, Gurgaon Sohna Road – 122 002, Haryana, India
Date of Birth/Age :	21.07.1972
Date of Appointment :	01.07.2006
PAN No. :	AFQPP2481M

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 24.09.2011

Names of Shareholders	No. of Shares
Shares in Physical Mode
Vacaria Limited, Cyprus	288082
Varenga Limited, Cyprus	96025
Tyrma Limited, Cyprus	96025
Shares in Demat Mode
Sudhir Dhingra	7921188
Sudhir Dhingra	3415050
Krishan Kant Kohli	2720451
Krishan Kant Kohli	1138350
Anoop Thatai	2720451
Anoop Thatai	1138350
Lalita Nandlal Dhingra	161211
Aman Dhingra	38160
Sahil Dhingra	23403
Manju Dhingra	8700
Anoop Dhanda	8700
Total	19774146

As on 24.09.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	2.43
Directors or relatives of Directors	97.33
Other top fifty shareholders	0.24
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer, Importer and Exporter of all kind of Readymade Garments.

Products / Services :

· Home Furnishing Products

· Dresses

· Skirts

· Blouses

· Co-ordinates

· Rompers

· Duvet Cover

· Men’s Shirts

· Knitted Shirts / T-shirts

· Jacket

· Kids Wear

· Outwear

· Pillow Cover

Description of Product or Services	ITC Number of Product
Readymade Garments	1810
Home Furnishing Product	1721
Fabric	521
Yarn	521
Other	521

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Corporation Bank, M-3 and 4, Greater Kailash - II, New Delhi - 110048, India

· The South Indian Bank Limited, 16A/17, Ajmal Khan Road, Karol Bagh, New Delhi - 110005, Delhi, India

· Bank of Baroda, Corporate Financial Services Branch, Ground Floor, Bank of Baroda Bldg, 16, Sansad Marg, New Delhi - 110001, India

• Andhra Bank, M-35, Connaught Circus, New Delhi - 110 001, India
• Bank of India, New Delhi Large Corporate Branch, PTI Building, 4 Sansad Marg, New Delhi - 110001, India
• Indian Overseas Bank, Rajiv Circle, D 28-29, Connaught Place, New Delhi - 110001, India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2011	As on 31.03.2010
Rupee term loans banks secured	565.890	1333.519
Foreign currency loans banks secured	3274.689	2222.609
Working capital loans banks secured	2761.432	2376.468
Total	6602.011	5932.596
Unsecured Loan	As on 31.03.2011	As on 31.03.2010
Loans directors unsecured	203.914	191.139
Total	203.914	191.139

Banking Relations :	--
Auditors :
Name :	V. K. Dhingra and Company Chartered Accoutants
Address :	1-E/15, Jhandewalan Extension, New Delhi- 110 055, India
Tel. No.:	91-11-23528511/ 23638325/ 23536857/ 23550475
Fax No.:	91-11-23549789
E-Mail :	vkdco@del2.vsnl.net.in info@avkdco.com
PAN.:	AAAFV7051N
Subsidiaries Company :	· O.C. Denims and Special Finishes Limited · Orient Craft Apparels Limited · Orient Craft USA Inc.
Associates Company :	· Orient Craft Infrastructure Limited · Limelight Towers Private Limited
Other Related Parties :	· Orient Craft Brands Limited · K. K. Farms Private Limited · Kanshi Steel Works Private Limited · Sinkap ( India ) Private Limited · Kohli Holding Private Limited · Collections Apparel Private Limited · Fashion Accessories · O.C. Crochets Private Limited · Orient Craft Fashion Technologies Limited · Orient Craft Fashion Institute of Technologies Private Limited · Olympus Realtors Private Limited · O.C. Fashion Apparel Private Limited · O.C. Fashion Private Limited · O.C. Accessories Private Limited

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
25000000	Equity Shares	Rs.10/- each	Rs.250.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
19774146	Equity Shares	Rs.10/- each	Rs.197.741 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		197.741	197.741	197.741
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		1967.525	1891.956	1704.257
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		2165.266	2089.697	1901.998
LOAN FUNDS
1] Secured Loans		6602.011	5932.596	6061.664
2] Unsecured Loans		203.914	191.139	409.462
TOTAL BORROWING		6805.925	6123.735	6471.126
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		8971.191	8213.432	8373.124
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		2053.363	1697.943	1632.215
Capital work-in-progress		611.335	911.818	1025.640
Expenditure pending allocation, net		0.383	0.000	0.000
INVESTMENT		792.696	596.378	596.150
DEFERREX TAX ASSETS		159.118	191.413	261.855
Foreign Currency monetary Item translation Difference Account		0.000	0.000	111.953
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	3726.245	3193.684	3392.420
	Sundry Debtors	1469.398	1573.868	1727.660
	Cash & Bank Balances	84.391	83.916	518.058
	Other Current Assets	193.043	181.383	127.913
	Loans & Advances	2348.082	1760.662	1120.168
Total Current Assets		7821.159	6793.514	6886.219
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1470.218	1119.834	1323.445
	Other Current Liabilities	887.178	793.718	746.762
	Provisions	109.467	56.082	70.701
Total Current Liabilities		2466.863	1969.634	2140.908
Net Current Assets		5354.296	4823.880	4745.311
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		8971.191	8213.432	8373.124

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Operating revenue, net	9421.411	8805.899	8024.881
		Other Income	925.939	794.746	590.354
		TOTAL (A)	10347.350	9600.645	8615.235
Less	EXPENSES		4375.183	4474.402
		Office Expenses	2209.001	1877.381
		Administrative Expenses	1605.556	1305.571	8777.439
		Advertising Expenses	918.476	967.061
		Extraordinary Items	292.105	0.000
		TOTAL (B)	9400.321	8624.415	8777.439
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		947.029	976.230	(162.204)
Less	FINANCIAL EXPENSES (D)		608.016	505.187	404.320
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		339.013	471.043	(566.524)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		239.490	202.882	226.972
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		99.523	268.161	(793.496)
Less	TAX (H)		53.223	114.771	(255.687)
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		46.300	153.390	(537.809)
Less/ Add	Provision for Taxation for earlier years		(0.500)	5.055	(1.089)
Less/ Add	Minimum Alternate Tax		20.100	43.600	0.000
Less/ Add	Prior Period Adjustments		1.400	(12.406)	(3.036)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		629.986	440.347	982.281
	BALANCE CARRIED TO THE B/S		697.286	629.986	440.347
	Earnings / (LOSS) Per Share (Rs.)		3.40	9.59	(28.01)

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.45	1.60	(6.24)
Net Profit Margin (PBT/Sales)	(%)	1.06	3.05	(9.89)
Return on Total Assets (PBT/Total Assets}	(%)	1.01	3.16	(9.32)
Return on Investment (ROI) (PBT/Networth)		0.05	0.13	(0.42)
Debt Equity Ratio (Total Liability/Networth)		4.28	3.87	4.53
Current Ratio (Current Asset/Current Liability)		3.17	3.45	3.22

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 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 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]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

PERFORMANCE AND REVIEW OF OPERATIONS

While the world was in recession and garment manufacturing companies were being globally impacted because of the severe slow-down faced by the retail brands in US and Europe, Orient Craft increased its foot prints in the troubled markets and the Revenue of the Company for the current financial year were Rs 10347.200 Millions as against Rs 9600.700 Millions in the previous financial year registering a growth of 7.77 %.The Profit for the two years (Before Tax and Extraordinary Items) were Rs.391.600 Millions and Rs.268.200 Millions respectively registering a growth 46 %.

In the month of January 2011, a major fire erupted in one of our major factories wherein a part of the factory along with raw materials i.e fabrics and trims were gutted, resulting in a temporary disruption in the production in the factory, Immense credit goes to the management and the employees of the Company, who made that unit operational within 72 hours of the fire. they managed to start production in the factory at about 40% capacity utilization, which was further increased to normal levels within a week, although the company had to bear some additional administrative expenses to restore the normalcy

CONTINGENT LIABILITIES NOT PROVIDED FOR

Rs. In Millions

Particular	31.03.2011	31.03.2010
Income tax Demand (net of provision), under appeal, pending before appropriate authority for the Assessment Years 1999-2000,2000-01,2001-02,2002-03, 2003-04, 2004-05 and 2008-09	25.452	20.499
Sales-tax demands against which Appeals have been preferred. Amount deposited under protest Rs.0.630 Million (Previous year Rs.1.526 Millions)	2.984	5.930
Demand from Employees’ State Insurance Corporation against which Appeals have been preferred. Amount deposited under protest Rs.2.415 Millions (Previous year Rs.2.415 Millions). Interest of Rs.7.267 Millions (Previous year Rs.7.267 Millions) may be payable as and when the outcome of the related claim is determined and has not been included in above.	6.900	6.900
Re-export Bond issued to Custom and Excise Department. Amount deposited under protest Rs.0.025 Million (Previous year Rs.0.025 Million)	0.182	0.182
Labour claims (As certified by Management and relied upon by Auditors)	4.465	5.934
Claim under Motor Vehicle Act	1.400	Nil
Claims under Arbitration	1.259	1.259

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U74899DL1978PLC008890
Name of the company	ORIENT CRAFT LIMITED
Address of the registered office or of the principal place of business in India of the company	F-8, Okhla Industrial Area, Phase- I, New Delhi- 110 020, India anpandey@co.oclcorp.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	80000232
Type of charge	· Book debts · Movable property (not being pledge)
Particular of charge holder	Corporation Bank, M-3 and 4, Greater Kailash - II, New Delhi - 110048, Delhi, India cb286@corpbank.co.in
Nature of instrument creating charge	Common Deed of Hypothecation of Movables/ Assets/Debts.
Date of instrument Creating the charge	14.06.2012
Amount secured by the charge	Rs.1007.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest For PCL /FDBN /FDBP /FDBD- /PSCFC- /PCFC: Base Rate+0.50% i.e. 11% p.a. at present. PCFC/PSCFC-LIBOR+3.50% p.a. Terms of Repayment As per sanction letter Margin PCL /FDBN /FDBP /FDBD- /PSCFC- /PCFC------25% Inland / Import LC-cum-Buyers credit--- Nil Bank Guarantee --- Nil Extent and Operation of the charge First Pari Passu Charge
Short particulars of the property or asset(s) charged (including complete address and location of the property)	First Pari Passu Charge on inventory cum book debts/current assets of the company.
Particulars of the present modification	Limits revised from Rs.770.000 Millions to Rs. 1007.000 Millions.

FIXED ASSETS

• Freehold Land
• Leasehold Land
• Building Account
• Plant and Machinery
• Furniture and fixtures
• Vehicles4

Intangible Assets

• Capital Expenditure Not represented by assets

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.55.34
UK Pound	1	Rs.86.45
Euro	1	Rs.68.04

INFORMATION DETAILS

Report Prepared by :

NTH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	8
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	1
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	4
--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		44

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.