Report Date :

13.08.2012

general observation

Final Report:-

Green

Candidate name

DR. PALANI PERIASAMY

Report Date

13.08.2012

Candidate Check SUMMARY:-

Check Type	Quantity	Colour Code	Case Type	Quantity	Colour Code
Educational Check	0	NA	Reference Check	0	NA
Employment Verification	0	NA	Credit Database Check	0	NA
Address Check	0	NA	Drug Test	0	NA
Criminal Check	0	NA	Gap Verification	0	NA
Individual Check	1	Clear	Company Investigation	0	NA

Colour Code Explanation:-

Red	Major discrepancy
Yellow	Minor discrepancy
Orange	Inaccessible for verification / Unable to verify / Additional Information required
Green	Clear Report

Individual CHECK – CLEAR

Name of the Candidate	DR. PALANI PERIASAMY	✓
Address	1 GST Road St Thomas Mount , Chennai - 600016	✓
Designation	Chairman	✓
Community Influence	Please Provide	No
Political Influence	Please Provide	No
Political Relations	Please Provide	No
Court	Please Provide	No Found
VERIFICATION Status	Clear	✓

MIRA INFORM REPORT

Report Date :

13.08.2012

IDENTIFICATION DETAILS

Name :	VELOCIS SYSTEMS PRIVATE LIMITED (w.e.f. 31.08.2007)
Formerly Known As :	SILICON INTEGRIX PRIVATE LIMITED (w.e.f. 18.08.2006) SILICON COMNET PRIVATE LIMITED
Registered Office :	73, Ground Floor, Begumpur, New Delhi – 110 017
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	16.06.1995
Com. Reg. No.:	55-069887
Capital Investment / Paid-up Capital :	Rs.46.440 millions
CIN No.: [Company Identification No.]	U74899DL1995PTC069887
TAN No.: [Tax Deduction & Collection Account No.]	DELS09912A
PAN No.: [Permanent Account No.]	AABCS0858G
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in networking, computing, messaging and collaboration, Portals, and Business Process Automation.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (29)

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

Maximum Credit Limit :	USD 498000
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an established company having moderate track. Latest financials of the company are not made available. However, trade relations are reported as fair. Business is active. Payments are reported to be unknown. 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

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	BB+ (Long term rating)
Rating Explanation	Moderate risk of default
Date	July 03, 2012

Rating Agency Name	CRISIL
Rating	A4+ (Short term rating)
Rating Explanation	Minimal degree of safety and higher credit risk
Date	July 03, 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 :	73, Ground Floor, Begumpur, New Delhi – 110 017, India
Tel. No.:	91-11-43678406, 26691855
Fax No.:	Not Available
E-Mail :	jaidev.singh@velocis.in
Website :	http://www.velocis.in
Head Office/ Corporate Office :	A-25, Sector – 67, Noida - 201301, Uttar Pradesh, India
Tel. No.:	91-120-4737500
Fax No.:	91-120-2484223
Branch Office 1 :	Eco House, 405 and 406, Vishweshwar Colony, Off Aarey Road, Goregaon East, Mumbai – 400 063, Maharashtra, India
Tel. No.:	91-22-33097800
Fax No.:	91-22-33097898
Branch Office 2 :	L-68, Sector XI, 9^th B Main, Jeevanbhima Nagar, Bangalore – 560 075, Karnataka, India
Tel. No.:	91-80-25214270/ 25215687
Fax No.:	91-80-25214270
Branch Office 3 :	14-B, Hartron Complex, Sector - 18(P), Electronic City, Gurgaon – 122 015, Haryana, India
Overseas Office :	3 Shenton Way, #13-06, Shenton House, Singapore (068805)

DIRECTORS

As on 26.09.2011

Name :

Mr. Rishi Kumar Malhotra

Designation :

Director

Address :

1074, Sector A, Pocket A, Vasant Kunj, New Delhi -110 070, India

Date of Birth/Age :

17.06.1946

Date of Appointment :

16.06.1995

DIN No.:

00529491

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	U74899DL1989PTC038313	O A COMPSERVE PRIVATE LIMITED	Director	08/11/1989	08/11/1989	Active	NO
2	U74899DL1994PTC061272	RENOVISIAN SECURITIES PRIVATE LIMITED	Director	05/09/1994	05/09/1994	Amalgamated	NO
3	U74999DL1994PTC170134	RENOVISION AUTOMOTION SERVICES PRIVATE LIMITED	Director	05/09/1994	05/09/1994	Active	NO
4	U74899DL1994PTC062043	RENOVISION COMNET PRIVATE LIMITED	Director	10/10/1994	10/10/1994	Amalgamated	NO
5	U74899DL1995PTC069887	VELOCIS SYSTEMS PRIVATE LIMITED	Director	16/06/1995	16/06/1995	Active	NO
6	U74140DL1995PTC064602	PURASKAR FINANCE AND SECURITIES PRIVATE LIMITED	Director	23/08/2005	23/08/2005	Amalgamated	NO
7	U72200DL2007PTC158806	CELERITY NETWORKS PRIVATE LIMITED	Director	05/02/2007	05/02/2007	Active	NO
8	U72900DL2012PTC234926	SILICON COMNET PRIVATE LIMITED	Director	27/04/2012	27/04/2012	Active	NO

Name :

Mr. Atul Bansal

Designation :

Director

Address :

74-B, Pocket-Ill, Mayur Vihar, Phase - I, Delhi – 110 091, India

Date of Birth/Age :

21.08.1964

Date of Appointment :

22.10.2007

DIN No.:

00509520

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	U72100DL1997PTC086497	INTEGRIX (INDIA) PRIVATE LIMITED	Director	08/04/1997	08/04/1997	Amalgamated	NO
2	U72100DL1997PTC086554	PRE-EMPTIVE SYSTEMS PRIVATE LIMITED	Director	09/04/1997	09/04/1997	Amalgamated	NO
3	U72200DL2007PTC158806	CELERITY NETWORKS PRIVATE LIMITED	Director	05/02/2007	05/02/2007	Active	NO
4	U74899DL1995PTC069887	VELOCIS SYSTEMS PRIVATE LIMITED	Director	22/10/2007	22/10/2007	Active	NO

Name :

Mr. Ashok Kumar Gupta

Designation :

Director

Address :

B-5/46, Safdarjung Enclave, New Delhi - 110 029, India

Date of Birth/Age :

09.06.1952

Date of Appointment :

22.10.2007

DIN No.:

00509450

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	U72100DL1997PTC086497	INTEGRIX (INDIA) PRIVATE LIMITED	Director	17/10/2005	17/10/2005	Amalgamated	NO
2	U74899DL1995PTC069887	VELOCIS SYSTEMS PRIVATE LIMITED	Director	22/10/2007	22/10/2007	Active	NO
3	U67190DL2009PTC191100	VALIANT WEALTH ADVISORS PRIVATE LIMITED	Director	10/06/2009	10/06/2009	Active	NO

Name :

Mr. Jignesh Rachh

Designation :

Additional Director

Address :

Flat No.2602-D Wing, 26^th Floor, Ekta Meadows, Siddarth Nagar, Borivali (East) Mumbai – 400 066, Maharashtra, India

Date of Birth/Age :

15.04.1974

Date of Appointment :

01.01.2011

DIN No.:

03369665

Name :

Mr. Sanjeev Ranjan

Designation :

Additional Director

Address :

A-503, Ispatika Apartments, Plot No.29, Sector 4, Dwarka, New Delhi – 110 075, India

Date of Birth/Age :

07.11.1965

Date of Appointment :

01.01.2011

DIN No.:

03355082

KEY EXECUTIVES

Name :	Ms. Radhika Anand
Designation :	Secretary
Date of Appointment :	01.09.2011
PAN No.:	ANCPA0877E

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 26.09.2011

Names of Shareholders	No. of Shares
Rishi Kumar Malhotra	817470
R.K. Malhotra (HUF)	60310
Varsha Rishi Malhotra	93850
Ritika Malhotra	49650
Renovision Automation Services Private Limited, India	422846
Mani Stock Broker Limited, India	37665
Sobhagya Financial Services Private Limited, India	435
R. Kumar	435
Puja Kapoor and Mr. Rajeev Kapoor	68440
Vandana Saxena	8700
Atul Bansal	1008980
Narender Kumar	188210
Sandeep Singhal	25665
Sanjaya Kumar Saxena	260130
Vidhu Bansal	1333400
Ashok Kumar Gupta	497970
Supermax Apparels Private Limited, India	221142
Ajay Bansal and Monica Bansal	396871
Total	5492169

As on 26.09.2011

Equity Share Breakup	Percentage of Holding
Category
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	7.23
Bodies corporate	12.42
Directors or relatives of directors	80.35
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in networking, computing, messaging and collaboration, Portals, and Business Process Automation.
Services :	v Computer Networking v Internet Securities v Software and Education

GENERAL INFORMATION

Customers :

Enterprise/Manufacturing

Amway, Honda, Suzuki, Samsung, Yamaha, Wrigley, Jacob H&G, Rico, Shriram Pistons, Honda Siel, Apollo Tyres, Subros, Bajaj Hindustan, Cargill, Fluor, Eicher, Nokia, Bharti-Airtel, Maruti

Banking Finance Insurance

Aviva, Tata-AIG, CCIL, CRISIL, Religare, IL and FS, Dolat Capital, Max New York Life, Citi-Financial

IT Enabled Services

GE, Fidelity, XL INDIA, L&T Infotech, IGT, Induslogic, RMSI, MIH, FiServ, Quintiles, R systems, Medusind, IBM Daksh

Education

IIM Lko, AMU, PEC, Jamia, Amity

Media and Entertainment

CNBC, TURNER, Sahara, CNN, Times of India, NDTV, Hindustan Times

Government and Defence

IFFCO, C-DOT, Mother Dairy, C-DAC, Core of Signals, Railways, Ernet, Indian Airlines, DMRC, IRCTC, NTRO

Hospitality

Scope vista, Aman Resort, Apollo, Fortis, Max Hospital, Vatika Resorts

No. of Employees :

Not Available

Bankers :

v Union Bank of India, Sadar Bazar Branch, 6117 Qutab Road Sadar Bazar, Delhi – 110 006, India

v HDFC Bank Limited

v ICICI Bank Limited

v Citi Bank N.A.

Facilities :

Secured Loans	31.03.2010 Rs. In Millions	31.03.2009 Rs. In Millions
Working Capital Loans
Union Bank of India (As per Bank Reconciliation) (Secured against Stock, Debtors and Personal Guarantee of the Directors)	144.310	189.609
CISCO Systems Capital (India) Private Limited (Secured against Personal Guarantee of Directors)	36.021	30.991
Other Loans
HDFC Bank (Secured against Vehicle Loans)	0.986	1.838
HDFC Bank (Secured against Personal Guarantee)	0.000	0.119
ICICI Bank Limited (Secured against Vehicles Loan)	0.120	0.217
Citi Bank N.A. (Secured against Personal Guarantee)	0.000	0.333
Total	181.437	223.107

Unsecured Loans	31.03.2010 Rs. In Millions	31.03.2009 Rs. In Millions
Loans from Directors	0.030	0.462
Loans from Director’s Relative and Friends	4.384	4.202
Loan from Inter Corporate	9.203	13.340
Total	13.617	18.004

Banking Relations :	--
Financial Institution :	CISCO Systems Capital (India) Private Limited, 2^nd Floor, Brigade South Parade, 10, M.G. Road, Bangalore – 560 001, Karnataka, India
Auditors :
Name :	Santosh Gupta and Company Chartered Accountants
Address :	SCF-30P, Sector 16, Part-1, Market, Faridabad – 121 002, Haryana, India
Tel. No.:	91-129-4709111/ 2226310
Income-tax PAN of auditor or auditor's firm :	AAQFS1038Q
Subsidiaries :	Celerity Networks Private Limited CIN No.: U72200DL2007PTC158806 Address: Vasisht House, 7/2 and 7/3, Kalu Sarai, Begumpur, New Delhi – 110 017, India Velocis Systems Middle East FZ-LLC Address: Building No.16, 3^rd Floor, Office No.334, Dubai Internet City, Dubai, U.A.E.

CAPITAL STRUCTURE

As on 26.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
6500000	Equity Shares	Rs.10/- each	Rs.65.000 millions

Issued & Subscribed Capital :

No. of Shares	Type	Value	Amount
5492169	Equity Shares	Rs.10/- each	Rs.54.922 millions

Paid-up Capital :

No. of Shares	Type	Value	Amount
5475059	Equity Shares (Fully paid up)	Rs.10/- each	Rs.54.751 millions
17110	Equity Shares (Rs.2/- paid up)	Rs.10/- each	Rs.0.034 million
	Total		Rs.54.785 millions

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
6500000	Equity Shares	Rs.10/- each	Rs.65.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
4643992	Equity Shares	Rs.10/- each	Rs.46.440 millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		46.440	46.440	44.229
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		78.120	72.491	60.903
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		124.560	118.931	105.132
LOAN FUNDS
1] Secured Loans		181.437	223.107	177.684
2] Unsecured Loans		13.617	18.004	24.429
TOTAL BORROWING		195.054	241.111	202.113
DEFERRED TAX LIABILITIES		8.987	6.484	4.256
TOTAL		328.601	366.526	311.501
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		68.997	56.040	39.109
Capital work-in-progress		0.000	0.000	5.840
INVESTMENT		19.304	18.100	18.100
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	22.393	31.026	48.007
	Sundry Debtors	281.156	285.183	318.668
	Cash & Bank Balances	16.250	35.461	53.504
	Other Current Assets	10.901	10.367	12.874
	Loans & Advances	71.359	51.103	22.925
Total Current Assets		402.059	413.140	455.978
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	111.250	78.667	197.189
	Other Current Liabilities	48.832	35.881
	Provisions	1.756	6.325	10.494
Total Current Liabilities		161.838	120.873	207.683
Net Current Assets		240.221	292.268	248.295
MISCELLANEOUS EXPENSES		0.079	0.118	0.157
TOTAL		328.601	366.526	311.501

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	1009.427	1004.957	1032.130
		Other Income
		TOTAL	1009.427	1004.957	1032.130
Less	EXPENSES
		Office Expenses	985.088	974.802	993.195
		Administrative Expenses
		Advertising Expenses
		TOTAL	985.088	974.802	993.195
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		24.339	30.155	38.935
Less/ Add	DEPRECIATION/ AMORTISATION		14.005	9.627	8.601
	PROFIT BEFORE TAX		10.334	20.528	30.334
Less	TAX		4.705	8.940	14.457
	PROFIT AFTER TAX		5.629	11.588	15.877
	EARNINGS IN FOREIGN CURRENCY		6.671	8.617	NA
	Earnings Per Share (Rs.)		1.21	2.50	4.00

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	0.56	1.15	1.54
Return on Total Assets (PBT/Total Assets}	(%)	2.19	4.38	6.13
Return on Investment (ROI) (PBT/Networth)		0.08	0.17	0.29
Debt Equity Ratio (Total Liability/Networth)		2.87	3.04	3.90
Current Ratio (Current Asset/Current Liability)		2.48	3.42	2.20

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report (Yes / No)
1) Year of Establishment	Yes
2) Locality of the firm	Yes
3) Constitutions of the firm	Yes
4) Premises details	No
5) Type of Business	Yes
6) Line of Business	Yes
7) Promoter’s background	Yes
8) No. of employees	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	Yes
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	No
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

Note:

The registered office of the company has been shifted from Vasisht House, 7/2 and 7/3, Kalu Sarai, Begumpur, New Delhi – 110 017 to the present address w.e.f. 07.04.2011.

SUBSIDIARIES:

Velocis have a subsidiary company Celerity Networks Private Limited subsidiary of the company is engaged in business of IT Managed Services. Celerity NOC (Network Operation Centre) is located at Gurgaon. The company has 94.39% share holding of M/s Celerity Networks Private Limited Section 212 of the Companies Act, 1956.

CONTINGENT LIABILITY: (As on 31.03.2010)

The Company has given Bank Guarantees to the tune of Rs.51.727 millions to various customers. The margin money with Bank against is Rs.9.975 millions. To that extent the contingent liabilities have not been provided in books.

Bankers Charges Report as per Registry

Corporate identity number of the company	U74899DL1995PTC069887
Name of the company	VELOCIS SYSTEMS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	73, Ground Floor, Begumpur, New Delhi – 110 017, India E-Mail: jaidev.singh@velocis.in
This form is for	Modification of charge
Charge identification number of the modified	10192087
Type of charge	Movable Property (not being pledge)
Particular of charge holder	CIN No.: U70200KA2004PTC034849 CISCO Systems Capital (India) Private Limited, 2^nd Floor, Brigade South Parade, 10, M.G. Road, Bangalore – 560 001, Karnataka, India E-Mail: hegosain@cisco.com
Nature of description of the instrument creating or modifying the charge	Form to be correct from Unattested Deed of Hypothecation dated 01^st May 2012 charge on Fixed Assets as per schedule "B" of said agreement. to Term Loan of Rs.9.256 millions on Fixed Assets as per Schedule "B" of Unattested Deed of Hypothecations dated 01.05.2010 and repay with in Five Year in 19 EQI (Equal Quarterly Installments)
Date of instrument Creating the charge	01.05.2012
Amount secured by the charge	Rs.9.256 millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest: 11.29% p.a. Terms of Repayment: Term Loan on Fixed Assets, Repayment in 19 EQI (Equal Quarterly Installment) of Rs.0.509 million each Margin: 20% of Equipment Cost Rs.9.256 millions Extent and Operation of the charge: Charge on Computers/Leptops and and Computer Networking products as per schedule "B" of Unattested Deed of Hypothecation dated 05.01.2010 Others: Term Loan on Fixed Assets as per schedule "B" of Unattested Deed of Hypothecation dated 05-01-2010 and Repay with in Five Year in 19 EQI (Equal Quarterly Installment) of Rs.0.509 million each
Short particulars of the property charged	Computers/Leptops and Computer Networking Products as per schedule "B" of Unattested Deed of Hypothecation dated 05.01.2010
Particulars of the present modification	Term Loan of Rs.9.256 millions on Fixed Assets as per Schedule "B" of Unattested Deed of Hypothecations dated 01.05.2010 and repay with in Five Year in 19 EQI (Equal Quarterly Installments)

FIXED ASSETS:

v Plant and Machinery

v Furniture and Fixtures

v Building

v Computers

v Vehicles

WEBSITE DETAILS:

OVERVIEW:

Subject is a players in networking, computing, messaging and collaboration, Portals, and Business Process Automation. Subject is uniquely positioned to deliver end-to-end IT solutions beginning from cabling to collaboration to the market.

They bring a broader, deeper and state-of-the-art range of products, solutions and services to their customers. Their offerings in IT Infrastructure, Messaging and Collaboration, Business Applications and IT Managed Services help their customers derive more value out of IT. Subject’ has expertise in IT Infrastructure wired and wireless deployment, Application Development and Deployment, Managed Services, Infrastructure Audit, and FMS. Their state-of-the-art NOC provides 24x7 support services to their valued customers to run their mission critical infrastructure.

Their flagship product, Augment is a state-of-the-art Business Process Management Platform. Modeled on the logical pattern of a physical production situation, Augment Maps various work steps in a Business Process similar to production/quality steps on an assembly line. The product has been successfully deployed in business critical processes across various verticals including Banking, Insurance, BPO, Automotive, and Healthcare.

Subject’ endeavor to excel in all it’s processes and deliverables to it’s customer, and is already paying back with retention of all their major customers and at the same time addition of new customers into their fold. They address customers in all the major verticals of Corporate, defense and Government. Some of their esteemed customers include ERNET, Airtel, Max New York, IBM, Honda, Religare, IIT Roorkee, IIM Lucknow, Nokia, NDTV, various Defense Signal establishments, Cairn, Tata AIG, and Yamaha.

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 :

SMN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		29

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.