MIRA INFORM REPORT

Report Date :

08.12.2012

IDENTIFICATION DETAILS

Name :	EMAS ENGINEERS AND CONTRACTORS PRIVATE LIMITED
Registered Office :	Flat C, 3^rd Floor, Dev Regency, 6, I Main Road, Gandhi Nagar, Adyar, Chennai-600020, Tamilnadu
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	31.08.1995
Com. Reg. No.:	18-032770
Capital Investment / Paid-up Capital :	Rs.120.241 Millions
CIN No.: [Company Identification No.]	U45201TN1995PTC032770
PAN No.: [Permanent Account No.]	AABCS0389N
Legal Form :	Private Limited Liability Company
Line of Business :	Construction Activity.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca (20)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Slow and delayed
Litigation :	Exist
Comments :	Subject is a closely held company engaged in construction activities in Chennai, Hyderabad and Bangalore. It is an established company having moderate track. There appears huge external borrowings recorded by the company which acts as a threat to the company’s liquidity. The profitability appears to be low. However, trade relations are reported as fair. Business is active. Payment terms are slow and delayed. The company can be considered for business dealings on a safe and secured trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	D [Fund Based Limit and Non Fund Based Limits]
Rating Explanation	Default
Date	March 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 :	Flat C, 3^rd Floor, Dev Regency, 6, I Main Road, Gandhi Nagar, Adyar, Chennai-600020, Tamilnadu, India
Tel. No.:	91-44-24421240 / 24425500
Fax No.:	Not Available
E-Mail :	corporateoffice@emas-india.com emas@vsnl.net
Website :	http://www.emas-india.com
Corporate Office :	“Karunai Kudil”, 3^rd Floor, # 226, Cathedral Road, Chennai-600086, Tamilnadu, India
Tel. No.:	91-44-28116122 / 23
Fax No.:	91-44-28116126
E-Mail :	corpoffice@emas-india.com
Hyderabad Office :	H. No. 1-10-74, 401, Techno Polis, Begumpet, Hyderabad-500016, Andhra Pradesh, India
Tel. No.:	91-40-66339209 / 66336962
Fax No.:	91-40-27766808
E-Mail :	hyd.regionoffice@emas-india.com
Bangalore Office :	# 726, First Floor, 38^th Cross, 4^th T Block, Jaya Nagar, Bangalore-560041, Karnataka, India
Tel. No.:	91-80-26652023
Fax No.:	91-80-26652024
E-Mail :	blr.regionoffice@emas-india.com

DIRECTORS

AS ON 30.09.2011

Name :

Mr. Srinivasan Sundararajan

Designation :

Managing Director

Address :

Flat No. 6 B, Ramaniayam Tower, 20 L, Greenways Road, Chennai-600028, Tamilnadu, India

Date of Appointment :

04.09.1995

Din No.:

00881169

Name :

Mr. Seshadri Varadhan

Designation :

Director

Address :

No. 1, Sir Desika Road, Mylapore, Chennai-600004, Tamilnadu, India

Date of Appointment :

01.01.2004

Din No.:

01172095

Name :

Mrs. Ranganathan Vathsala

Designation :

Director

Address :

15, Sarangapani Street, T Nagar, Chennai-600017, Tamilnadu, India

Date of Appointment :

14.02.2011

Din No.:

00006028

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	U29309TN1989PLC017819	GLOBAL POWERTECH EQUIPMENTS LIMITED	Additional director	26/02/2008	19/06/1996	02/03/2012	Active	NO
2	U30007TN2000PLC044410	MALOS INFRASTRUCTURE LIMITED	Director	15/03/2000	15/03/2000	04/08/2007	Strike off	NO
3	U45303TN2000PTC045071	NEST INFRASTRUCTURE PRIVATE LIMITED	Director	30/06/2000	30/06/2000	04/08/2007	Strike off	NO
4	U40109AP2000PLC034752	LEPAKSHI POWER PROJECTS LIMITED	Director	25/04/2004	25/04/2004	05/03/2008	Active	YES
5	U15541TN2004PTC054260	HALDIA COKE AND CHEMICALS PRIVATE LIMITED	Director	26/08/2008	11/10/2004	02/03/2012	Active	NO
6	L65921TN1985PLC070358	ENNORE COKE LIMITED	Managing director	01/08/2008	05/12/2005	02/03/2012	Active	NO
7	L74210TN2000PLC045167	SHRIRAM EPC LIMITED	Director	16/05/2008	23/03/2006	02/03/2012	Active	NO
8	L40108TN2006PLC061665	ORIENT GREEN POWER COMPANY LIMITED	Director	06/12/2006	06/12/2006	02/03/2012	Active	NO
9	U31101TN2006PLC061881	BHARATH WIND FARM LIMITED	Director	28/12/2006	28/12/2006	14/09/2007	Active	NO
10	U31101TN2007PLC061935	SHRIRAM LEITWIND LIMITED	Director	03/01/2007	03/01/2007	-	Amalgamated	NO
11	U24119TN2009PLC072263	BHARATH COAL CHEMICALS LIMITED	Director	13/07/2009	13/07/2009	09/03/2011	Active	NO
12	L45201TN1988PLC015521	PREMIER ENERGY AND INFRASTRUCTURE LIMITED	Director	18/12/2010	29/10/2009	02/03/2012	Active	NO
13	U28112TN2009PTC072312	S.R.FABRICATORS PRIVATE LIMITED	Director	17/12/2009	17/12/2009	-	Active	NO
14	U45400TN2010PTC078503	VRONE ENERGY PRIVATE LIMITED	Director	21/12/2010	21/12/2010	-	Active	NO
15	U45400TN2010PTC078050	TRISHE RENEWABLE ENERGY SOLUTIONS PRIVATE LIMITED	Director	07/02/2011	07/02/2011	-	Active	NO
16	U45201TN1995PTC032770	EMAS ENGINEERS AND CONTRACTORS PRIVATE LIMITED	Director	14/02/2011	14/02/2011	-	Active	NO
17	U85110TN2011PTC081759	TRISHE HEALTHCARE VENTURES PRIVATE LIMITED	Director	02/08/2011	02/08/2011	-	Active	NO
18	U85110TN2010PTC076817	ONE LIFE DIAGNOSTICS AND LONGEVITY CENTER PRIVATE LIMITED	Director	22/10/2011	22/10/2011	-	Active	NO
19	U22219TN2011PTC083571	VARAM MEDIA PRIVATE LIMITED	Director	14/12/2011	14/12/2011	-	Active	NO
20	U74999TN2012PTC085578	TRISHE RENEWABLE ENERGY PRIVATE LIMITED	Director	24/04/2012	24/04/2012	-	Active	NO
21	U45400TN2011PTC082100	TRISHE ENERGY PRIVATE LIMITED	Director	25/09/2012	28/05/2012	-	Active	NO
22	AAA-0360	SHRIRAM AUTO FINANCE LLP	Designated Partner	10/11/2009	10/11/2009	-	Active	NO

Name :

Mr. Ramachandran Ganapathi

Designation :

Director

Address :

15, Sarangapani Street, T Nagar, Chennai-600017, Tamilnadu, India

Date of Appointment :

14.02.2011

Din No.:

00210430

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	U45202TN1989PTC018323	RSG ENGINEERING AND CONSTRUCTION PRIVATE LIMITED	Director	10/11/1989	10/11/1989	-	Strike off	NO
2	U74999TN1990PTC019274	PROJELEC MARKETING AND MANAGEMENT SERVICES PRIVATE LIMITED	Director	08/06/1990	08/06/1990	-	Strike off	NO
3	U72300TN1995PTC030057	DECCAN SOFT LAB PRIVATE LIMITED	Director	03/02/1995	03/02/1995	-	Strike off	NO
4	L72300TN1990PLC019459	ELNET TECHNOLOGIES LIMITED	Director	08/08/2003	08/08/2003	-	Active	NO
5	U45203TN1997PTC038511	NEVADHA ENGINEERING CONSTRUCTIONS PRIVATE LIMITED	Director	04/02/2004	04/02/2004	27/02/2009	Strike off	NO
6	U45203TN2004PLC052443	IG3 INFRA LIMITED	Director	04/02/2004	04/02/2004	-	Active	NO
7	U45209TN2005PLC055728	ELNET SOFTWARE CITY LIMITED	Director	30/03/2005	30/03/2005	-	Active	NO
8	L72200MH1986PLC039341	TRIGYN TECHNOLOGIES LIMITED	Whole-time director	01/04/2012	27/10/2006	-	Active	NO
9	U72200MH1996PLC101095	LEADING EDGE INFOTECH LIMITED	Director	17/09/2007	05/04/2007	-	Active	NO
10	U65990MH1996PTC100198	TRIGYN TECHNOLOGIES (INDIA) PRIVATE LIMITED	Director	17/09/2007	05/04/2007	-	Active	NO
11	L40108TN2006PLC061665	ORIENT GREEN POWER COMPANY LIMITED	Director	04/06/2008	29/02/2008	-	Active	NO
12	U93090TN1983SGC010512	TAMILNADU CORPORATION FOR DEVELOPMENT OF WOMEN LIMITED	Director	14/07/2009	14/07/2009	-	Active	NO
13	U40106TN2008PTC067781	CLARION WIND FARM PRIVATE LIMITED	Director	30/08/2011	15/11/2010	-	Active	NO
14	U40100TN2009PTC070860	BETA WIND FARM PRIVATE LIMITED	Director	05/05/2011	15/11/2010	-	Active	NO
15	U45201TN1995PTC032770	EMAS ENGINEERS AND CONTRACTORS PRIVATE LIMITED	Director	14/02/2011	14/02/2011	-	Active	NO

Name :

Mr. Vikram Mankal

Designation :

Director

Address :

AF1, Pallava Heights, No. 54, Luz Avenue, Mylapore, Chennai-600004, Tamilnadu, India

Date of Appointment :

14.02.2011

Din No.:

03097118

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	U24119TN2009PLC072263	BHARATH COAL CHEMICALS LIMITED	Additional director	09/07/2010	09/07/2010	09/03/2011	Active	NO
2	U45201TN1995PTC032770	EMAS ENGINEERS AND CONTRACTORS PRIVATE LIMITED	Director	14/02/2011	14/02/2011	-	Active	NO
3	L45201TN1988PLC015521	PREMIER ENERGY AND INFRASTRUCTURE LIMITED	Director	14/03/2012	14/12/2011	-	Active	NO
4	U23200TN2012PLC085299	ASIA COKE LIMITED	Director	04/04/2012	04/04/2012	-	Active	NO
5	U28112TN2009PTC072312	S.R.FABRICATORS PRIVATE LIMITED	Additional director	03/07/2012	03/07/2012	-	Active	NO

Name :

Mr. Shailendra Ajri

Designation :

Whole Time Director

Address :

K-14, Swapnashilp, Ganeshnagar, Kothrud, Pune-411029, Maharashtra, India

Date of Appointment :

14.02.2011

Din No.:

03333405

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2011

Names of Shareholders	No. of Shares
Sita Srinivasan	2984016
Srinivasan	3015984
Premier Energy and Infrastructure Limited, India	6024050
TOTAL	12024050

AS ON 30.09.2011

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	49.90
Other top fifty shareholders	50.10
TOTAL	100.00

BUSINESS DETAILS

Line of Business :	Construction Activity.
Purchasing :

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· ICICI Bank Limited, Land Mark Race Cource Circle, Alkapuri, Baroda-390015, Gujarat, India

· State Bank of Travancore, No. 556, Jeevan Anand, Teynampet, Anna Salai, Chennai-600018, Tamilnadu, India

Facilities :

Secured Loan	As on 31.03.2011 [Rs. in Millions]	As on 31.03.2010 [Rs. in Millions]
Rupee term loans	109.527	4.640
Working capital loans	402.197	181.757
Hire purchase installment payable	0.000	165.537
Other debts	0.000	58.975
TOTAL	511.724	410.909
Unsecured Loan	As on 31.03.2011 [Rs. in Millions]	As on 31.03.2010 [Rs. in Millions]
Loans directors	0.900	2.214
Deposits related parties	34.458	0.000
TOTAL	35.358	2.214

Banking Relations :	--
Auditors :
Name :	Velu Muthu Associates Chartered Accountants
Address :	1 B, Prabha Apartment, No. 17, Bishop Wallers Avenue, Mylapore, Chennai-600004, Tamilnadu, India
PAN No:	AABPM0782G

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
12050000	Equity Shares	Rs.10/- each	Rs.120.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
12024050	Equity Shares	Rs.10/- each	Rs.120.241 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		120.241	120.241	60.000
2] Share Application Money		15.000	0.000	0.000
3] Reserves & Surplus		302.464	289.694	141.397
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		437.705	409.935	201.397
LOAN FUNDS
1] Secured Loans		511.724	410.909	482.202
2] Unsecured Loans		35.358	2.214	36.870
TOTAL BORROWING		547.082	413.123	519.072
DEFERRED TAX LIABILITIES		6.685	4.191	5.763
TOTAL		991.472	827.249	726.232
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		311.676	351.366	401.730
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	870.258	644.748	45.105
	Sundry Debtors	246.696	105.763	219.756
	Cash & Bank Balances	97.332	78.344	124.534
	Other Current Assets	328.824	354.002	730.541
	Loans & Advances	202.354	123.616	15.031
Total Current Assets		1745.464	1306.473	1134.967
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	554.767	405.190	424.010
	Other Current Liabilities	415.799	339.211	315.404
	Provisions	95.102	86.189	71.051
Total Current Liabilities		1065.668	830.590	810.465
Net Current Assets		679.796	475.883	324.502
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		991.472	827.249	726.232

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Turnover	1679.200	1030.800
		Other Income	NA	10.016
		TOTAL	NA	1040.816	1591.723
Less	EXPENSES
		TOTAL	NA	1003.716	1519.128
	PROFIT / (LOSS) BEFORE TAX		24.900	37.100	72.595
Less	TAX		12.200	13.600	25.156
	PROFIT / (LOSS) AFTER TAX		12.700	23.500	47.439
	Earnings / (Loss) Per Share (Rs.)		1.05	3.07	7.91

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	NA	2.25	2.98
Net Profit Margin (PBT/Sales)	(%)	1.48	3.60	NA
Return on Total Assets (PBT/Total Assets}	(%)	1.21	2.23	4.72
Return on Investment (ROI) (PBT/Networth)		0.05	0.09	0.36
Debt Equity Ratio (Total Liability/Networth)		3.68	3.03	6.60
Current Ratio (Current Asset/Current Liability)		1.64	1.57	1.40

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	No
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	Yes
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]	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	Yes

CHENNAI COURT

CASE STATUS INFORMATION SYSTEM

Cast Status:	Pending
Status Of:	Company Petition
Case No.:	237
Year	2012
Petitioner:	Basf India Limited
Respondent:	Emas Engineers and Contractors Private Limited
Pet’s Advocate:	S. Satish
Res’s Advocate:	Shivakumar and Suresh
Category:	No Category Mentioned
Last Listed on: No Date Mentioned
Case Updated On:	26.11.2012

OPERATIONS REVIEW:

The company has recorded a turnover of Rs 2369.300 Millions (including client supply of material) during the current year as compared to Rs.1910.700 Millions during the previous year recording an increase of 24% over the previous year. During the year the company had re-commenced Divyasree Projects in Chennai and Bangalore which are expected to gain significant momentum during 2011-12. During the year, the company had bagged and completed back to back orders worth Rs 743.400 Millions. The Company is carrying forward backlog of contracts awarded in earlier years valued at Rs. 5004.900 Millions.

BUSINESS OUTLOOK:

There has been good improvement in many government projects, industrial projects and infra-structure projects. The company is aggressively enhancing its manpower resources and directors are confident of bagging prestigious orders in future years based on the proven past track record of the company.

PROJECTS COMPLETED DURING THE YEAR:

SOME OF THE PRESTIGIOUS PROJECTS COMPLETED DURING THE YEAR WERE:

1) Civil works phase iii, software development facility at Hyderabad, for Oracle India private Limited. (270.000 Millions)

2) Extension of internet data center for VSNL (Rs 200.000 Millions) some of the major ongoing projects the company is presently engaged are:

1) Ticel bio park ii, Taramani, Chennai (Rs. 984.000 Millions)

2) Construction of hotel building, Hyderabad for KCP limited (Rs.222.000 Millions)

3) 6 cells refinery cooling tower package at MRPL phase iii for Mangalore Refinery & Petrochemicals Limited (Rs. 140.000 Millions)

4) Superstructure and balance civil works for basement of Essar it park project, electronic city, Bangalore for Welman Hindustan Limited (Rs.300.000 Millions)

5) Aqualily phase I A and 1b comprising of villas and twin houses for Mahindra Residential Developers Limited. (Rs.720.000 Millions)

6) Aqualily, phase IIA comprising residential high rise flats (Rs 690.000 Millions)

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U45201TN1995PTC032770
Name of the company	EMAS ENGINEERS and CONTRACTORS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	FLATC III Floor Dev Regency 6, Imain Road, Gandhi Nagar, Adyar, Chennai – 600020, Tamilnadu, India emas@vsnl.net
This form is for	Creation of charge
Type of charge	Immovable Property Book Debts Movable Property (Not being pledge)
Particular of charge holder	State Bank of Travancore No. 556, Jeevan Anand, Teynampet, Anna Salai, Chennai – 600018, Tamilnadu, India
Nature of description of the instrument creating or modifying the charge	Term loan agreement for high value advances Deed of hypothecation for term loan Memorandum of extension of equitable mortgage
Date of instrument Creating the charge	13/08/2010
Amount secured by the charge	Rs.150.000 Millions
Brief particulars of the principal terms and conditions and extent and operation of the charge	Rate of Interest At 14.75% above State Bank of Travancore Base Rate (SBTBR) subject to a minimum of 12.50% p.a. Terms of Repayment Equal 12 Quarterly installments of Rs.12.500 Millions starting November 2010 Margin Not Applicable Extent and Operation of the charge 1st Charge on the specific fixed assets of the "Term Loan Agreement of High Value Advances" 2nd Charge on the current assets of the company 2nd Charge on the Immovable and other fixed assets
Short particulars of the property charged	Specific fixed assets of the "Term Loan Agreement of High Value Advances". These assets are situated at various project locations Current assets of the company Immovable and other fixed assets. Immovable property - situated at 126, Cowl Bazaar Village, Saidapet Taluk, Kanchipuram District

FIXED ASSETS:

· Land and Building

· Air Conditioner

· Furniture and Fittings

· Office Equipments

· Computer

· Plant and Machinery

· Vehicles

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 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.54.20
UK Pound	1	Rs.87.00
Euro	1	Rs.70.22

INFORMATION DETAILS

Report Prepared by :

TPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	1
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	2
--CREDIT LINES	1~10	2
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		20

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.