MIRA INFORM REPORT

Report Date :

27.08.2012

IDENTIFICATION DETAILS

Name :	LAKSHDEEP INVESTMENTS AND FINANCE PRIVATE LIMITED
Registered Office :	622, Maker Chambers, Veer Nariman Point, Mumbai-400021, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	05.07.1993
Com. Reg. No.:	11-072685
Capital Investment / Paid-up Capital :	Rs. 4.769 Millions
CIN No.: [Company Identification No.]	U67120MH1993PTC072685
TAN No.: [Tax Deduction & Collection Account No.]	MUML01853F
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in business of Trading, Financing and Real Estate Business.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 3200000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. There appears slight dip in the income of the company during 2011. However, trade relations are reported as fair. 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.

LOCATIONS

Registered Office :	622, Maker Chambers, Veer Nariman Point, Mumbai-400021, Maharashtra, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	onlyyogesh@redifmmail.com

DIRECTORS

AS ON 30.09.2011

Name :	Mr. Sudhir Vrundavandas Valia
Designation :	Director
Address :	801, Alaap Building, 8^th Floor, 173, Sir Balchandra Road, Dadar (East), Mumbai-400014, Maharashtra, India
Date of Birth/Age :	26.07.1956
Date of Appointment :	11.10.2001
DIN No.:	00005561

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	L24230GJ1993PLC019050	SUN PHARMACEUTICAL INDUSTRIES LIMITED	Whole-time director	01/04/2009	31/01/1994	Active	NO
2	U24219GJ1995PTC028519	SUN PETROCHEMICALS PRIVATE LIMITED	Director	11/03/1999	11/03/1999	Active	NO
3	U67120MH1993PTC072685	LAKSHDEEP INVESTMENTS AND FINANCE PRIVATE LIMITED	Director	11/10/2001	11/10/2001	Active	NO
4	U24100MH1990PTC058944	KARAD CHEMICALS AND ALLIED PRODUCTS PRIVATE LIMITED	Director	28/10/2002	28/10/2002	Active	NO
5	U69120MH1995PLC090219	SEJRAJ FINANCIAL SERVICES LIMITED	Director	20/08/2003	20/08/2003	Active	NO
6	U65990MH1996PLC099574	NISHA CAPITAL SERVICE LIMITED	Director	20/08/2003	20/08/2003	Active	NO
7	U67120MH1996PTC099627	MINAXI FISCAL SERVICES PRIVATE LIMITED	Director	20/08/2003	20/08/2003	Active	NO
8	U67120MH1995PLC086479	EKLAVYA SECURITIES LIMITED	Director	29/09/2003	29/09/2003	Active	NO
9	U91990MH2004NPL146501	SHANTILAL SHANGHVI FOUNDATION	Director	24/05/2004	24/05/2004	Active	NO
10	L73100GJ2006PLC047837	SUN PHARMA ADVANCED RESEARCH COMPANY LIMITED	Director	01/03/2006	01/03/2006	Active	NO
11	U45201MH2008PLC180675	SURAKSHA REALTY LIMITED	Director	01/04/2008	01/04/2008	Active	NO
12	U40102MH2009PTC194161	ADITYA THERMAL ENERGY PRIVATE LIMITED	Director	17/07/2009	17/07/2009	Active	NO
13	U45200MH2008PTC211984	ALFA INFRAPROP PRIVATE LIMITED	Director	26/03/2010	26/03/2010	Active	NO
14	U91990MH2005NPL151114	KRISHNA VRUNDAVAN PRATISHTHAN	Additional director	15/09/2011	15/09/2011	Active	NO
15	AAA-0678	THIRDWAVE MULTITRADE LLP	Designated Partner	02/02/2010	02/02/2010	Active	NO
16	AAA-1575	REAL GOLD DEVELOPERS LLP	Body corporate as Designated Partner	11/06/2010	11/06/2010	Active	NO
17	AAA-1576	SURAKSHA BUILDWELL LLP	Body corporate as Designated Partner	11/06/2010	11/06/2010	Active	NO
18	AAA-5235	SILVERSTREET DEVELOPERS LLP	Designated Partner	17/06/2011	17/06/2011	Active	NO

Name :	Ms, Raksha Sudhir Valia
Designation :	Director
Address :	801, Alaap Building, 8^th Floor, 173, Sir Balchandra Road, Dadar (East), Mumbai-400014, Maharashtra, India
Date of Birth/Age :	19.02.1960
Date of Appointment :	29.03.1994
DIN No.:	00032094

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	U67120MH1993PTC072685	LAKSHDEEP INVESTMENTS AND FINANCE PRIVATE LIMITED	Director	29/03/1994	29/03/1994	-	Active	NO
2	U24100MH1990PTC058944	KARAD CHEMICALS AND ALLIED PRODUCTS PRIVATE LIMITED	Director	01/05/2003	01/05/2003	-	Active	NO
3	U65910GJ1996PTC030633	AMAL FINANCE PRIVATE LIMITED	Director	06/05/2003	06/05/2003	-	Active	NO
4	U67120MH1995PLC086479	EKLAVYA SECURITIES LIMITED	Director	30/09/2011	29/06/2003	-	Active	NO
5	U69120MH1995PLC090219	SEJRAJ FINANCIAL SERVICES LIMITED	Director	20/08/2003	20/08/2003	-	Active	NO
6	U65990MH1996PLC099574	NISHA CAPITAL SERVICE LIMITED	Director	20/08/2003	20/08/2003	-	Active	NO
7	U67120MH1996PTC099627	MINAXI FISCAL SERVICES PRIVATE LIMITED	Director	20/08/2003	20/08/2003	16/09/2010	Active	NO
8	U45200MH2003PTC143332	KHYATI REALTORS PRIVATE LIMITED	Director	30/09/2006	01/12/2003	-	Active	NO
9	U45200MH2003PLC143350	SURAKSHA DEVELOPERS LIMITED	Director	02/12/2003	02/12/2003	-	Active	NO
10	U45200MH2005PTC152142	PRISTINE DEVELOPERS PRIVATE LIMITED	Director	23/03/2005	23/03/2005	-	Active	NO
11	U70102MH2005PLC154950	RENOWN DEVELOPERS LIMITED	Director	21/07/2005	21/07/2005	-	Active	NO
12	U52190MH2006PTC158632	NEOPOWER TRADING COMPANY PRIVATE LIMITED	Director	04/01/2006	04/01/2006	-	Active	NO
13	U51100MH2005PTC158625	ROLESOFT TRADING COMPANY PRIVATE LIMITED	Director	06/01/2006	06/01/2006	16/09/2010	Active	NO
14	U51101MH2006PTC158562	MEDIAMAN TRADING COMPANY PRIVATE LIMITED	Director	30/09/2006	06/01/2006	-	Active	NO
15	U51109MH2006PTC158563	WINSTAR MERCANTILE COMPANY PRIVATE LIMITED	Director	06/01/2006	06/01/2006	-	Active	NO
16	U51909MH2006PTC158556	TOPSHOP EXPORTS PRIVATE LIMITED	Director	06/01/2006	06/01/2006	-	Amalgamated	NO
17	U74130MH2006PTC158567	SUPERSTREET EXPORTS PRIVATE LIMITED	Director	15/09/2007	06/01/2006	16/09/2010	Active	NO
18	U51900MH2006PLC158898	THIRDWAVE MULTITRADE LIMITED	Director	30/09/2006	21/01/2006	-	Converted to LLP and dissolved	NO
19	U51900MH2006PTC158926	WATERGATE MULTITRADE PRIVATE LIMITED	Director	21/01/2006	21/01/2006	-	Active	NO
20	U51900MH2006PTC158889	REALSTONE MULTITRADE PRIVATE LIMITED	Director	21/01/2006	21/01/2006	-	Active	NO
21	U51900MH2006PTC158924	GOLDSTREET MERCANTILE COMPANY PRIVATE LIMITED	Director	15/09/2007	21/01/2006	21/08/2010	Active	NO
22	U51900MH2006PTC159247	GIRAFFE DEVELOPERS PRIVATE LIMITED	Additional director	02/07/2007	25/01/2006	19/08/2007	Active	NO
23	U74140MH2006PTC159267	CAPETOWN EXPORTS PRIVATE LIMITED	Director	28/01/2006	28/01/2006	01/09/2007	Active	NO
24	U51900MH2006PTC159237	SOFTDEAL TRADING COMPANY PRIVATE LIMITED	Director	28/01/2006	28/01/2006	-	Active	NO
25	U51900MH2006PTC159266	FASTSTONE MERCANTILE COMPANY PRIVATE LIMITED	Director	28/01/2006	28/01/2006	-	Active	NO
26	U51909MH2005PTC158168	FASTTRACK EXPORTS PRIVATE LIMITED	Director	15/09/2007	28/01/2006	21/08/2010	Active	NO
27	U45200MH2006PTC159778	JOIST DEVELOPERS PRIVATE LIMITED	Director	16/02/2006	16/02/2006	-	Active	NO
28	U45200MH2006PTC159901	LONGEVITY DEVELOPERS PRIVATE LIMITED	Director	30/09/2006	21/02/2006	03/01/2011	Active	NO
29	U45200MH2005PTC153325	MAN-MAYA DEVELOPERS PRIVATE LIMITED	Director	30/09/2006	16/05/2006	03/01/2011	Active	NO
30	U65910MH2006PTC163316	OPPORTUNE INVESTMENTS PRIVATE LIMITED	Director	26/07/2006	26/07/2006	-	Active	NO
31	U45200MH2007PTC167388	REALSTREET DEVELOPERS PRIVATE LIMITED	Director	30/01/2007	30/01/2007	16/09/2010	Active	NO
32	U45200MH2007PLC167387	SILVERSTREET DEVELOPERS LIMITED	Director	30/01/2007	30/01/2007	-	Converted to LLP and dissolved	NO
33	U45200MH2007PLC167413	SOFTSTREET DEVELOPERS LIMITED	Director	31/01/2007	31/01/2007	16/09/2010	Active	NO
34	U45400MH2007PTC171103	REALSOFT DEVELOPERS PRIVATE LIMITED	Director	23/05/2007	23/05/2007	03/01/2011	Active	NO
35	U45400MH2007PTC171102	REALDEAL DEVELOPERS PRIVATE LIMITED	Director	23/05/2007	23/05/2007	15/11/2010	Active	NO
36	U45400MH2007PLC171101	SUPERWAVE DEVELOPERS LIMITED	Director	23/05/2007	23/05/2007	16/09/2010	Active	NO
37	U45400MH2007PTC171104	SOFTWAVE DEVELOPERS PRIVATE LIMITED	Director	23/05/2007	23/05/2007	15/11/2010	Active	NO
38	U65999MH1994PTC078239	KHYATI FINANCIAL SERVICES PRIVATE LIMITED	Director	28/05/2007	28/05/2007	-	Active	NO
39	U45400MH2007PTC171340	SILVERSOFT DEVELOPERS PRIVATE LIMITED	Director	26/06/2007	26/06/2007	16/09/2010	Active	NO
40	U45200MH2004PTC149642	PRASH BUILDERS PRIVATE LIMITED	Additional director	02/05/2008	02/05/2008	28/07/2008	Active	NO
41	U45200MH2004PLC149644	SHEJI BUILDERS LIMITED	Additional director	01/07/2008	01/07/2008	-	Active	NO
42	U70102MH2010PTC202276	SILVERWAVE REALTY PRIVATE LIMITED	Additional director	29/01/2011	29/01/2011	-	Active	NO
43	U70109MH2010PTC202244	SILVERDEAL DEVELOPERS PRIVATE LIMITED	Additional director	29/01/2011	29/01/2011	-	Active	NO
44	U70102MH2010PTC202201	GOLDENSTREET CONSTRUCTION PRIVATE LIMITED	Additional director	29/01/2011	29/01/2011	-	Active	NO
45	U70109MH2010PTC202317	SUPERSHOT REALTY PRIVATE LIMITED	Additional director	29/01/2011	29/01/2011	-	Active	NO
46	U70102MH2010PTC202236	GOLDENWAVE INFRASTRUCTURE PRIVATE LIMITED	Additional director	29/01/2011	29/01/2011	-	Active	NO
47	U51909MH2005PLC150414	FINETRADE EXPORTS LIMITED	Additional director	29/01/2011	29/01/2011	-	Active	NO
48	U45200MH2004PLC147705	JAANKIE AND SADGURU DEVELOPERS LIMITED	Additional director	29/01/2011	29/01/2011	-	Active	NO
49	U91990MH2005NPL151114	KRISHNA VRUNDAVAN PRATISHTHAN	Additional director	01/07/2011	01/07/2011	-	Active	NO
50	AAA-0678	THIRDWAVE MULTITRADE LLP	Designated Partner	02/02/2010	02/02/2010	-	Active	NO
51	AAA-5235	SILVERSTREET DEVELOPERS LLP	Designated Partner	17/06/2011	17/06/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2011

Names of Shareholders	No. of Shares
Sudhir Vrundavandas Valia 801, Alaap Building, 8^th Floor, 173, Sir Balchandra Road, Dadar (East), Mumbai-400014, Maharashtra, India	4750
Raksha Sudhir Valia 801, Alaap Building, 8^th Floor, 173, Sir Balchandra Road, Dadar (East), Mumbai-400014, Maharashtra, India	4750
Shraddha Sudhir Valia 801, Alaap Building, 8^th Floor, 173, Sir Balchandra Road, Dadar (East), Mumbai-400014, Maharashtra, India	4750
Khyati Sudhir Valia 801, Alaap Building, 8^th Floor, 173, Sir Balchandra Road, Dadar (East), Mumbai-400014, Maharashtra, India	4750
Krishna Vrundavandas Valia 801, Alaap Building, 8^th Floor, 173, Sir Balchandra Road, Dadar (East), Mumbai-400014, Maharashtra, India	4750
Sudhir Vrundavandas Valia HUF 301, Manek Bhavan, 3^rd Floor, Hindu Colony, Dadar (East), Mumbai-400014, Maharashtra, India	4740
Goldenwave Infrastructure Private Limited 13, Shree Niketan, 16 Vithalbhai Road, Vile Parle (West), Mumbai-400056, Maharashtra, India	4750
Silverdeal Developers Private Limited 13, Shree Niketan, 16 Vithalbhai Road, Vile Parle (West), Mumbai-400056, Maharashtra, India	4750
Silverdeal Developers Private Limited 13, Shree Niketan, 16 Vithalbhai Road, Vile Parle (West), Mumbai-400056, Maharashtra, India	4750
Khyati Financial Services Private Limited 301, Manek Bhavan, 3^rd Floor, Hindu Colony, Dadar (East), Mumbai-400014, Maharashtra, India	200
Karad Chemicals and Allied Products Private Limited 301, Manek Bhavan, 3^rd Floor, Hindu Colony, Dadar (East), Mumbai-400014, Maharashtra, India	4750
TOTAL	47690

AS ON 30.09.2011

Equity Shares Break Up	Percentage of Holding
Bodies corporate	50.20
Directors or relatives of Directors	49.80
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in business of Trading, Financing and Real Estate Business.

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	Bank of Bahrain and Kuwait B S C, Nariman Point, Mumbai-400021, Maharashtra, India

Banking Relations :	--
Auditors :
Name :	P. C. Shivgunde Chartered Accountant
Address :	6-B, Jai Tower, Opposite Punjab Industrial Estate, Khopat Thane-400601, Maharashtra, India
PAN No.:	AAZPS7857E
Subsidiaries :	Khyati Realtors Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.100/- each	Rs. 5.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
47690	Equity Shares	Rs.100/- each	Rs. 4.769 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		4.769	4.769	4.769
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		811.626	763.732	713.738
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		816.395	768.501	718.507
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		0.000	0.000	0.235
TOTAL BORROWING		0.000	0.000	0.235
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		816.395	768.501	718.742
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.002	0.004	0.007
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		745.125	676.138	704.221
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	0.000	0.000	0.000
	Cash & Bank Balances	0.578	0.565	1.304
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	147.187	98.632	22.317
Total Current Assets		147.765	99.197	23.621
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1.000	1.000	2.739
	Other Current Liabilities	69.436	0.009	0.990
	Provisions	6.061	5.829	5.378
Total Current Liabilities		76.497	6.838	9.107
Net Current Assets		71.268	92.359	14.514
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		816.395	768.501	718.742

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income from Operations	48.154	50.542	42.671
		Other Income	0.000	0.000
		TOTAL	48.154	50.542	42.671
Less	EXPENSES
		Operational Expenses	0.012	0.044	0.424
		TOTAL	0.012	0.044	0.424
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		48.142	50.498	[Including Financial
					Expenses
Less	FINANCIAL EXPENSES		0.003	0.007	And
					Depreciation]
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		48.139	50.491
Less/ Add	DEPRECIATION/ AMORTISATION		0.001	0.003
	PROFIT BEFORE TAX		48.138	50.488	42.247
	Mat Credit Entitlement		0.012	(0.013)	0.000
Less	TAX		0.232	0.507	0.837
	PROFIT AFTER TAX		47.894	49.994	41.410
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		348.536	308.542	275.688
Less	APPROPRIATIONS
		Transfer to Special Reserve	9.580	10.000	8.500
		Proposed Equity Dividend	0.000	0.000	0.048
		Provision for Corporate Dividend Tax	0.000	0.000	0.008
	BALANCE CARRIED TO THE B/S		386.850	348.536	308.542
	Earnings Per Share (Rs.)		1004.27	1048.31	868.32

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	99.46	98.92	97.04
Net Profit Margin (PBT/Sales)	(%)	99.97	99.89	NA
Return on Total Assets (PBT/Total Assets}	(%)	32.58	50.89	178.80
Return on Investment (ROI) (PBT/Networth)		0.06	0.07	0.06
Debt Equity Ratio (Total Liability/Networth)		0.09	0.01	0.01
Current Ratio (Current Asset/Current Liability)		1.93	14.51	2.59

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	No
25]	Conduct of the banking account	-----
26]	Buyer visit details	-----
27]	Financials, if provided	No
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	No

OPERATIONS

During the year, the Company has carried out various activities including financing / investments etc. The Company has earned Income from Interest and Dividend. The Directors are hopeful that, baning unforeseen circumstances, the Company's activities and investments will yield reasonable returns in the long run.

FIXED ASSETS

• Data Processing Equipments
• Mobile Handsets

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. 55.38
UK Pound	1	Rs. 87.79
Euro	1	Rs. 69.47

INFORMATION DETAILS

Report Prepared by :

DPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	7
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		45

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