MIRA INFORM REPORT

Report Date :

23.08.2012

IDENTIFICATION DETAILS

Name :	RIELLO PCI INDIA PRIVATE LIMITED
Registered Office :	11/5B, Prime Group Building, Pusa Road, New Delhi – 110005
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	07.07.2010
Com. Reg. No.:	55-205402
Capital Investment / Paid-up Capital :	Rs.21.080 Millions
CIN No.: [Company Identification No.]	U40102DL2010PTC205402
TAN No.: [Tax Deduction & Collection Account No.]	DELR18553D
PAN No.: [Permanent Account No.]	AAECR8429F
Legal Form :	Private Limited Liability Company
Line of Business :	Supplying and Installation of Riello Aros UPS Systems.
No. of Employees :	120 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (42)

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

Maximum Credit Limit :	USD 120000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is a subsidiary of PCI Limited. It is a relatively new company having satisfactory track. There appears a huge increase in its sales turnover and profits during 2012. 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

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 :	Ms. Jyoti Yadav
Designation :	Executive – Business Support
Contact No.:	91-7838552211
Date :	22.08.2012

LOCATIONS

Registered Office :	11/5B, Prime Group Building, Pusa Road, New Delhi – 110005, India
Tel. No.:	91-11-41888999/25762562/63/64/25762552/53
Fax No.:	91-11-25755815/25821623
E-Mail :	cmd@prime-pci.com ups@riello-pci.com
Website :	http://www.riellopci.com
Corporate Office :	Prime Tower: 287-288, Udyog Vihar, Phase-II, Gurgaon - 122015, Haryana, India
Tel. No.:	91-124-6656999
Mobile No.:	91-7838552211 (Ms. Jyoti Yadav)
Fax No.:	91-124-4871698
E-Mail :	jyotiyadav@riello-pci.com
Website :	http://www.riellopci.com
Location :	Owned
Branch Office:	Located at Punjab Uttar Pradesh Gujarat Maharashtra Mumbai Pune Madhya Pradesh Andhra Pradesh Karnataka Tamilnadu West Bengal Kerala Bihar Rajasthan
Overseas Office:	Located at UK Deutshland France Espana Asia Pacific China
International Sales Headquarters Italis:	RPS spa Viale Europa, 7 ZAI 37045 S. Pietro di Legnago (Verona) - Italy Tel.: +39 0442 63 58 11 - Fax: +39 0442 62 90 98 Sales Directions: Via Somalia, 20 20032 Cormano (Milano) – Italy Tel.: +39 02 66 32 71 - Fax: +39 02 66 32 73 51 Via Fosso della Magliana, 34/G 00148 Roma – Italy Tel.: +39 06 65 19 21 25 - Fax: +39 06 65 19 22 47

DIRECTORS

As on 22.06.2012

Name :

Mr. Surinder Mehta

Designation :

Director

Address :

180-W 6 Lane, Western Avenue, Sainik Farm, Delhi-I 10062, India

Date of Birth/Age :

03.08.1956

Date of Appointment :

07.07.2010

DIN No.:

00010122

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	U74899DL1986PLC023329	PCI LIMITED	Managing director	01/04/2011	13/02/1986	-	Active	NO
2	U74899DL1986PLC026247	PCI LEASING AND FINANCE LTD	Director	03/12/1986	03/12/1986	-	Active	NO
3	U74899DL1988PTC032182	PRIME COURIERS INDIA PRIVATE LIMITED	Director	22/06/1988	22/06/1988	-	Active	NO
4	U45200DL1995PLC068048	PRIME HITECH INFRASTRUCTURE LIMITED	Director	01/05/1995	01/05/1995	-	Active	NO
5	U74899DL1995PLC074425	ENDOLITE INDIA LIMITED	Director	07/12/1995	07/12/1995	-	Active	NO
6	U23201HR1996PLC033171	PRIME POWER CORPORATION LIMITED	Director	27/06/1996	27/06/1996	-	Active	NO
7	U72100DL1999PLC101989	PLANET PCI INFOTECH LIMITED	Director	14/10/1999	14/10/1999	-	Active	NO
8	U31908DL2008PLC183082	PRIME ELECTRIC LIMITED	Director	01/08/2009	09/09/2008	-	Active	NO
9	U28113DL2010PLC201156	PRIME HITECH ENGINEERING LIMITED	Director	05/04/2010	05/04/2010	-	Active	NO
10	U40101DL2010PLC201155	PRIME SOLAR LIMITED	Director	05/04/2010	05/04/2010	-	Active	NO
11	U40200DL2010PLC201154	PRIME HYDRO LIMITED	Director	05/04/2010	05/04/2010	-	Active	NO
12	U40102DL2010PTC205402	RIELLO PCI INDIA PRIVATE LIMITED	Director	07/07/2010	07/07/2010	-	Active	NO
13	U31901DL2012PTC233944	PILLER INDIA PRIVATE LIMITED	Director	03/04/2012	03/04/2012	-	Active	NO
14	U45201DL2012PLC234226	PEL ASSET AND INFRASTRUCTURE LIMITED	Director	11/04/2012	11/04/2012	-	Active	NO

Name :

Mr. Rohan Mehta

Designation :

Director

Address :

180-W 6 Lane, Western Avenue, Sainik Farm, Delhi-I 10062, India

Date of Birth/Age :

14.12.1985

Date of Appointment :

07.07.2010

DIN No.:

01510489

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	U45200DL1995PLC068048	PRIME HITECH INFRASTRUCTURE LIMITED	Director	29/09/2007	20/06/2007	-	Active	NO
2	U74899DL1986PLC026247	PCI LEASING AND FINANCE LTD	Director	28/09/2007	21/06/2007	-	Active	NO
3	U51109WB1998PTC087352	ELASKA EXIM PRIVATE LIMITED	Director	01/08/2007	01/08/2007	-	Active	NO
4	U74140DL2001PTC110668	PRUDENT MANFIN CONSULTANTS PRIVATE LIMITED	Director	22/11/2007	22/11/2007	-	Active	NO
5	U31908DL2008PLC183082	PRIME ELECTRIC LIMITED	Managing director	01/08/2009	09/09/2008	-	Active	NO
6	U74899DL1986PLC023329	PCI LIMITED	Whole-time director	01/04/2011	30/09/2008	-	Active	NO
7	U23201HR1996PLC033171	PRIME POWER CORPORATION LIMITED	Director	20/09/2010	13/11/2009	-	Active	NO
8	U28113DL2010PLC201156	PRIME HITECH ENGINEERING LIMITED	Director	05/04/2010	05/04/2010	-	Active	NO
9	U40101DL2010PLC201155	PRIME SOLAR LIMITED	Director	05/04/2010	05/04/2010	-	Active	NO
10	U40200DL2010PLC201154	PRIME HYDRO LIMITED	Director	05/04/2010	05/04/2010	-	Active	NO
11	U00092DL2005PTC140548	SKYMASTER AVIATION ADVENTURES PRIVATE LIMITED	Director	31/08/2010	25/06/2010	-	Active	NO
12	U40102DL2010PTC205402	RIELLO PCI INDIA PRIVATE LIMITED	Director	07/07/2010	07/07/2010	-	Active	NO
13	U31300DL2010PTC209769	PRIME HARNESS SYSTEMS PRIVATE LIMITED	Director	25/10/2010	25/10/2010	-	Active	NO
14	U74140DL2011PLC212726	PRIME SD ENGG. CONSULTANTS LIMITED	Director	17/01/2011	17/01/2011	-	Active	NO
15	U74140DL2011FTC219425	ONET TECHNOLOGIES INDIA PRIVATE LIMITED	Director	19/05/2011	19/05/2011	-	Active	NO
16	U31901DL2012PTC233944	PILLER INDIA PRIVATE LIMITED	Director	03/04/2012	03/04/2012	-	Active	NO
17	U45201DL2012PLC234226	PEL ASSET AND INFRASTRUCTURE LIMITED	Director	11/04/2012	11/04/2012	-	Active	NO

Name :

Mr. Vijay Srpal

Designation :

Executive Director

Address :

6,419, W.E.A. Karol Bagh, New Delhi- 110005, India

Date of Birth/Age :

20.05.1955

Date of Appointment :

07.08.2010

DIN No.:

00010455

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	U45200DL1995PLC068048	PRIME HITECH INFRASTRUCTURE LIMITED	Director	26/05/1995	26/05/1995	-	Active	NO
2	U51109WB1998PTC087352	ELASKA EXIM PRIVATE LIMITED	Director	16/06/1998	16/06/1998	-	Active	NO
3	U72100DL1999PLC101989	PLANET PCI INFOTECH LIMITED	Director	14/10/1999	14/10/1999	-	Active	NO
4	U72900DL2000PTC105066	STAR MARCON PRIVATE LIMITED	Director	04/06/2001	04/06/2001	-	Active	NO
5	U74899DL1995PLC074425	ENDOLITE INDIA LIMITED	Director	08/08/2001	08/08/2001	-	Active	NO
6	U74899DL1986PLC023329	PCI LIMITED	Whole-time director	01/04/2011	01/04/2005	-	Active	NO
7	U31908DL2008PLC183082	PRIME ELECTRIC LIMITED	Director	09/09/2008	09/09/2008	-	Active	NO
8	U23201HR1996PLC033171	PRIME POWER CORPORATION LIMITED	Director	20/09/2010	13/11/2009	-	Active	NO
9	U28113DL2010PLC201156	PRIME HITECH ENGINEERING LIMITED	Director	05/04/2010	05/04/2010	-	Active	NO
10	U40101DL2010PLC201155	PRIME SOLAR LIMITED	Director	05/04/2010	05/04/2010	-	Active	NO
11	U40200DL2010PLC201154	PRIME HYDRO LIMITED	Director	05/04/2010	05/04/2010	-	Active	NO
12	U40102DL2010PTC205402	RIELLO PCI INDIA PRIVATE LIMITED	Director	28/07/2011	07/08/2010	-	Active	NO
13	U45201DL2012PLC234226	PEL ASSET AND INFRASTRUCTURE LIMITED	Director	11/04/2012	11/04/2012	-	Active	NO

Name :

Mr. Anil Kumar Munjal

Designation :

Director

Address :

BU-98, Pitampura, New Delhi-110088, India

Date of Birth/Age :

02.02.1968

Date of Appointment :

07.08.2010

DIN No.:

02357316

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	U72100DL1999PLC101989	PLANET PCI INFOTECH LIMITED	Director	01/01/2001	01/01/2001	08/03/2007	Active	NO
2	U40102DL2010PTC205402	RIELLO PCI INDIA PRIVATE LIMITED	Director	28/07/2011	07/08/2010	-	Active	NO

Name :

Mr. Andrea Cattivelli

Designation :

Director

Address :

Via Vicenza, IID- 37042, Caldiero (VR), Italy-37042

Date of Birth/Age :

14.05.1967

Date of Appointment :

17.11.2012

DIN No.:

03307806

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	U40102DL2010PTC205402	RIELLO PCI INDIA PRIVATE LIMITED	Director	28/07/2011	17/11/2010	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Jyoti Yadav
Designation :	Executive – Business Support

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 22.06.2012

Names of Shareholders	No. of Shares
PC1 Limited, India	1779800
Surinder Mehta	6000
Rohan Mehta	6000
RPS S.p.A.	316200
Total	2108000

Equity Share Break up (Percentage of Total Equity)

As on 22.06.2012

Category	Percentage
Bodies corporate	99.40
Directors or relatives of Directors	0.60
Total	100.00

BUSINESS DETAILS

Line of Business :

Supplying and Installation of Riello Aros UPS Systems.

GENERAL INFORMATION

Customers :

• Retailers
• OEM’s

No. of Employees :

120 (Approximately)

Bankers :

Punjab National Bank, 5, Sansad Marg, New Delhi – 110001, India

Facilities :

(Rs. in Millions)

Secured Loan	As on 31.03.2012	As on 31.03.2011
From Scheduled Bank Buyers Credit Loan		24.958
Total	66.651	24.958
Unsecured Loan	As on 31.03.2012	As on 31.03.2011
		0.000
Total	1.075	0.000

Banking Relations :	--
Auditors :
Name :	Satish Aggarwal and Associates Chartered Accountants
Address :	4/5B, 1^st Floor, Asaf Ali Road, New Delhi – 110002, India
Tel. No.:	91-11-23262956/23277630/23254923
PAN.:	ABCFS9747B
Holding Company : (As on 31.03.2011)	PCI Limited
Other Related Party: (As on 31.03.2011)	PCI Asia Pacific Private Limited PCI Middle East FZE PCI Leasing and Finance Limited Endolite India Limited Planet PCI Infotech Limited Prime Electric Limited Prime Courier India Private Limited Prime Hitech Infrastructure Limited Prime Hitech Engineering Limited Prime Power Corporation Limited Sky Master Aviation Advances Private Limited Prime SD Engineering Consultants Limited Prime Hydro Limited Prime Harness Systems Private Limited RPI Middle East FZE

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
3000000	Equity Shares	Rs.10/- each	Rs.30.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2108000	Equity Shares	Rs.10/- each	Rs.21.080 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2012	31.03.2011
SHAREHOLDERS FUNDS
1] Share Capital		21.080	21.080
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		9.948	1.071
4] (Accumulated Losses)		0.000	0.000
NETWORTH		31.028	22.151
LOAN FUNDS
1] Secured Loans		66.651	24.958
2] Unsecured Loans		1.075	0.000
TOTAL BORROWING		67.726	24.958
DEFERRED TAX LIABILITIES		0.000	0.101
TOTAL		98.754	47.210
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		7.749	5.384
Capital work-in-progress		0.017	0.000
INVESTMENT		0.449	0.449
DEFERREX TAX ASSETS		0.265	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	63.545	58.844
	Sundry Debtors	283.504	85.440
	Cash & Bank Balances	1.684	16.972
	Other Current Assets	0.000	0.000
	Loans & Advances	70.809	12.896
Total Current Assets		419.542	174.152
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000	0.000
	Other Current Liabilities	212.112	113.241
	Provisions	117.156	19.534
Total Current Liabilities		329.268	132.775
Net Current Assets		90.274	41.377
MISCELLANEOUS EXPENSES		0.000	0.000
TOTAL		98.754	47.210

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011
	SALES
		Income	832.460	178.985
		Other Income	2.113	4.423
		TOTAL	834.573	183.408
Less	EXPENSES
		Purchase of Stock-in-Trade	622.267	183.470
		Changes in Inventories	(4.701)	(58.844)
		Salaries and Other Employees Benefits	60.081	24.680
		Administrative and Selling Expenses	47.515	15.027
		Other Expenses	1.701	0.990
		TOTAL	726.863	165.323
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		107.710	18.085
Less	FINANCIAL EXPENSES		22.033	0.711
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		85.677	17.374
Less/ Add	DEPRECIATION/ AMORTISATION		1.802	0.555
Less/ Add	EXTRAORDINARY ITEMS		83.875	18.819
	DIVIDEND INCOME		39.937	0.000
	LOSS ON DISCARD OF FIXED ASSETS		(1.167)	0.000
	PROFIT BEFORE TAX		122.645	16.819
Less	TAX		33.878	6.110
	PROFIT AFTER TAX		88.767	10.709
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		NA	NA
Less	APPROPRIATIONS
		Transfer to General Reserve	NA	1.071
		Dividend	NA	8.265
		Tax on Dividend	NA	1.373
	BALANCE CARRIED TO THE B/S		NA	NA
	IMPORTS
		Stores & Spares	NA	92.755
	TOTAL IMPORTS		NA	92.755
	Earnings Per Share (Rs.)		42.11	5.08

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011
PAT / Total Income	(%)	10.64	9.17
Net Profit Margin (PBT/Sales)	(%)	14.73	9.40
Return on Total Assets (PBT/Total Assets}	(%)	29.23	9.66
Return on Investment (ROI) (PBT/Networth)		3.95	0.76
Debt Equity Ratio (Total Liability/Networth)		12.79	7.12
Current Ratio (Current Asset/Current Liability)		1.27	1.31

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	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last two years	Yes
12]	Profitability for last two years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	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]	PAN of Proprietor/Partner/Director, if available	No
32]	Date of Birth of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

OPERATIONS

The Company had been incorporated on 7^1h July 2010 in terms of ire Share Purchase Agreement (SPA) and Shareholders Agreement (SHA) between RPS SPA ITALY and PCI LIMITED INDIA in order to hive off (by way of slump sale) the Static UPS business of PCI LIMITED into this Company The slump safe had been effected on 7^th August 2010 and since then the entire STATIC UPS Business of PCI LIMITED is being carried on in this Company .During has financial year 2D1D-11, the Company has recorded a consolidated turnover of Rs.224.870 Millions.

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U40102DL2010PTC205402
Name of the company	RIELLO PCI INDIA PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	11/5B, Prime Group Building, Pusa Road, New Delhi – 110005, India Email: cmd@prime-pci.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10261166
Type of charge	CTR indeminity, current and movable fixed assets
Particular of charge holder	Punjab National Bank, 5, Sansad Marg, New Delhi – 110001, India Email: bo0153@pnb.co.in
Nature of instrument creating charge	General counter indeminity, agreement of hypothecation of movable fixed assets and agreement of hypothecation. of current assets
Date of instrument Creating the charge	09.03.2012
Amount secured by the charge	Rs.60.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Interest/commission as per bank rules Terms of Repayment Payable on demand Extent and Operation of the charge The charge operates as security as exclusive first charge in favour of PNB Others This is to secure ILG/FLG limit of Rs.60.000 Millions with an overall ceiling of Rs.110.000 Millions for fund and non fund based limits sanctioned to the company
Short particulars of the property or asset(s) charged (including complete address and location of the property)	General Counter Indeminity Hypothecation of all present and future current assets i.e. Stocks of RM, WIP, FG, cons. Stores and book debts, outstanding, decrees, monies, receivables, securities, claims, govt subsidies, investments, rights Hypothecation of all the fixed/block assets of the borrower described in general terms in the schedule including all fixed assets of any kind and other movables, both present and future
Particulars of the present modification	The extent of operation of charge stands enhanced from Rs.50.000 Millions to Rs.60.000 Millions with overall ceiling of Rs.110.000 Millions for fund and non fund based limits

FIXED ASSETS

• Building
• Furniture and Fixture
• Equipment
• Tool and Instruments Assets
• Vehicle
• Computer

AS PER WEBSITE DETAILS

PROFILE

Today, PC1 is the leader in India and in the Indian subcontinent and an international frontrunner in the field of technology based solutions in the field of Power and Energy. In their quest for introducing the latest and most technological and eco-friendly UPS in the country, PC1 power conditioning division has entered into a Joint Venture with Europe based Riello UPS, the fourth largest UPS manufacturer in the world.

For the last over 15 years, the Power Conditioning Division at PC1 has been engaged in the business of high performance STATIC Uninterrupted Power Supply Systems ranging from 800VA to 6400KVA in tie-up with Riello of Italy as their exclusive distributor, providing their UPS systems with value addition and complete support in terms of installation, commissioning, system integration and sen.4ce support across the length and breadth of the county.

PC believes that looking at present environmental concerns globally, it's time particularly for countries like India, to opt for environmentally friendly power protection systems and keeping in line with this Corporate Social Responsibility, the company recently got associated with Reillo UPS in a JV to promote this business on a much wider scale in the larger interest of their esteemed customers.

Riello UPS is a major contributor to the European Commission - Code of Conduct on Energy Efficiency and Quality of AC Uninterruptible Power Supplies -and the first European manufacturer to rate its products for ECO Energy Level efficiency. The European Commission Code of Conduct is a document signed by the major UPS manufacturers in Europe which outlines the efficiency levels to reach for specific size bands from 10-800kVA, at 100% to 25% loading.

Reillo-PC1 UPS joint venture not only aims to achieve highest possible operating efficiencies, but also focus on research and development efforts on other aspects that impact the environment.

Adaptiue battery management to enhance and elongate the period between battery replacement and disposal programmes and reduce the wear and tear on other consumables such as fans and capacitors.

Adaptive 'Smart Mode' operation in which the UPS selects a mode of operation that matches the electrical characteristics of the mains power supply to the power protection performance required by the load

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.55.54
UK Pound	1	Rs.87.39
Euro	1	Rs.68.71

INFORMATION DETAILS

Report Prepared by :

KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	3
--CREDIT LINES	1~10	5
--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		42

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	-

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