MIRA INFORM REPORT

Report Date :

15.12.2012

IDENTIFICATION DETAILS

Name :	KALLAPPANNA AWADE ICHALKARANJI JANATA SAHAKARI BANK LIMITED (w.e.f.21.08.2007)
Formerly Known As :	ICHALKARANJI JANATA SAHAKARI BANK LIMITED
Registered Office :	Janata Bank Bhavan, Main Road, Ichalkaranji - 416115. Hatkanagale, Kolhapur, Maharashtra
Country :	India
Date of Incorporation :	07.02.1963
Com. Reg. No.:	KPR/BNK/102/5.11.1962
Capital Investment / Paid-up Capital :	Not Divulged
Legal Form :	Co-operative Bank
Line of Business :	Banking Activities
No. of Employees :	450 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

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

Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established bank having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The bank can be considered normal 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

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

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 :	Janata Bank Bhavan, Main Road, Ichalkaranji - 416115. Hatkanagale, Kolhapur, Maharashtra, India
Tel. No.:	91-230-2433505 - 508 (4 lines)
Fax No.:	91-230-2430434/ 2432926
Website :	http://www.ijsbank.com
Branches :	Located at: Ø Bhende Galli -Kolhapur Ø Shirol Ø Jaysingpur  Ø Peth Vadgaon Ø Gandhinagar Ø Shahupuri-Kolhapur Ø Main - Ichalkaranji Ø Industrial Estate, Ichalkaranji Ø Kalbadevi Road, Mumbai Ø Laxmi Road, Pune Ø Hupari Ø Gargoti Ø Gadhinglaj Ø Ajara Ø Karad Ø Vasant Market Yard - Sangli Ø Sulkud Ø Gaonbhag – Ichalkaranji Ø Mulund (West), Mumbai Ø Solapur Ø Ganpati Peth – Sangli Ø Market Yard - Gultekadi, Pune Ø Jawaharnagar - Ichalkaranji Ø Nasik Ø Kothrud, Pune Ø Aurangabad Ø Laxmi Audyogik Vasahat, Hatkanangale Ø Latur Ø 5 Star MIDC Kagal Ø Shahapur Ø Jalna Ø Ahmednagar Ø Thane Ø Navnagar Ø Rajarampuri Kolhapur

DIRECTORS

Name :	Mr. Ashok Soundattikar
Designation :	Chairman
Name :	Mr. Babaso Patil
Designation :	Vice Chairman
Name :	Mr. Purushottam Jakhotia
Designation :	Director
Name :	Mr. Ugamchand Gandhi
Designation :	Director
Name :	Mr. Sunil Haval
Designation :	Director
Name :	Mr. Ilai Kalawant
Designation :	Director
Name :	Mr. Ramesh Ketkale
Designation :	Director
Name :	Mr. Ravindra Kharade
Designation :	Director
Name :	Mr. Badrinath Khot
Designation :	Director
Name :	Mr. Ahamed Mujawar
Designation :	Director
Name :	Mr. Omprakash Patani
Designation :	Director
Name :	Mr. Sachin Zanwar
Designation :	Director
Name :	Mr. Pandurang Biranje
Designation :	Director
Name :	Mr. Rajesh Patil
Designation :	Director
Name :	Mr. Chandrakant Chougule
Designation :	Director
Name :	Mr. Vilas Padale
Designation :	Director
Name :	Mrs. Sujata Jadhav
Designation :	Director
Name :	Mrs. Anita Kajve
Designation :	Director
Name :	Mrs. Bharati Awale
Designation :	Director

KEY EXECUTIVES

Name :	Mr. P.T. Kumbhar
Designation :	General Mananger
Name :	Mr. Ramesh Nipanikar
Designation :	Deputy G.M
Name :	Mr. Vijay Kamble
Designation :	Deputy G.M.
Name :	Mr. Rajendra Bachate
Designation :	Service Representative
Name :	Mr. Rajendra Shinde
Designation :	Service Representative

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	No
8]	No. of employees	Yes
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	No
12]	Profitability for last three years	No
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	No
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	--
23]	Banking Details	No
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	No
30]	Major Shareholders, if available	No
31]	Date of Birth of Proprietor/Partner/Director, if available	No
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

HISTORY

Ichalkaranji, once a small Capital "Jahagir" town, ruled by His Highness, the Late Narayanrao Babasaheb Ghorpade, had a rare virtue of "seeing the beyond".  He cherished a dream to see that the small princely town earns eminence and prosperity by encouraging "Trade and Industry".  Because of his benevolence and untiring zeal towards this goal, that he could turn his dream into reality.  In this endeavor, he was really fortunate to have unstinted cooperation from dedicated and disciplined team of men, small and big.  Through his untiring efforts and constant encouragement of Late Babasaheb, Ichalkaranji, is today enjoying a pride of place as "Manchester of Maharashtra", a center of wide spectrum of industry and trade alike.

In accelerating the pace of industrial growth and development of Ichalkaranji, the moving spirit and fountain of inspiration behind was Late Dattajirao Kadam with his team of colleagues sharing his mission of co-operative movement in the fifties founded a chain of co-operative institutions in Ichalkaranji.  The unique achievement of Late Kadam Anna was that, he gave a wider base to the co-operative movement, by extending it to agro based industry.  His one of the landmarks, is the foundation of the Ichalkaranji Janata Sahakari Bank Limited.  In this endeavor, he was ably assisted, among others, by his young devoted and disciplined disciples Shri. Kallappanna Awade and Late Shankarrao Hupare.  Both of them were aware of the short comings of his lone crusade in the contest of growing needs of the people.  This society was registered on 5 November, 1962 and started its financial operations on 7 Feb.,1963.  Having regard to the efficient operations, the Reserve Bank of India has no hesitation in granting to the bank, to operate as a bank and granted a banking license as Urban Co-operative Bank, in April 1982. ICHALKARANJI JANATA SAHAKARI BANK LIMITED. ICHALKARANJI rename as KALLAPPANNA AWADE ICHALKARANJI JANATA SAHAKARI BANK LIMITED. ICHALKARANJI ON DATE 21/08/2007.Also the bank has got scheduled status we'd 29.1.2000.  This speaks for itself the achievement of the bank, and reflected the quality of management and the Board.  It was natural that, operations of the bank in the beginning were on a limited scale with financial constraints of funds flowing from the public. However, soon, through sustained efforts for collecting deposits from the public by innovating and attractive Deposit Schemes the kitty of the bank started growing.  The bank therefore could lend financial assistance, to wider range of small and needy entrepreneurs.  This strengthened the trust of the people and more and more cooperative institutions became valued clients of the bank.  At the time, the traditional handloom industry was making way for power loom as a need of the time.  The bank has the pride of privilege to claim that, it could make the small power loom owners forced to undertake job works for want of working capital, could become self-reliant producers with their own looms.  Since the bank is the lifeblood of economic activity of industry and trade, especially of weaker sections among them, it was and has been the cardinal policy of the Management to help industry, bearing in mind the national growth.  Because of well thought out policy and through its implementation, the bank in all humiliation can proudly claim its share in promoting and establishing the small power loom owners and the ancillary industry.  As such they prove the

'Bank weaving the minds of Mankind'.

The share of the growth and usefulness of the bank also goes to its members.  They voluntarily sacrificed their dividends out of the profits for "Building Fund" for a continuous period of 5 long years.  It is because of their deep sense of love and sacrifice for the bank, it became possible for the Management to have its own premises and a prestigious building of five floors, known as "JANATA BANK BHAVAN".  The bank has now provided 600 Safe deposit lockers in its basement.

INDUSTRIAL AND AGRICULTURE FINANCE

Their bank has co-opted by Small Industrial Development Bank of India for implementation of Technology up gradation Funds Scheme of 5% interest rate subsidy uncounted by the Central Government for the development of textile industrial sector. They are also financing for the development of S.S.I, units under the National Equity Funds Scheme as per the SIDBI Scheme.

Their bank is nodal member of NABARD and eligible for finance facility from the Development Bank. They are always achieving the targets of GOI under agriculture finance.

MICRO FINANCE

As a social responsibility, Bank has contributed towards micro finance by lending almost to 600 grops with above Rs. 15.000 Millions. And they are proud to say that all these accounts are regular and performing assets.

SOCIAL AWAREHESS

The bank is aware of its social obligation. The bank management is rendering help for the public cause such as financial help to public school and contribution to prompt technical education activities being instituted by the Dattajirao Kadam Technical Education Society, Babasaheb Khanjire Institute and other institutes. The bank has started separate cell of "Microfinance" to help SHG members/groups and around 250 groups have been registered with financial assistance to the tune of Rs. 3.500 Millions. Bank has also participated in the debt-related program of government of India and state government, waiving debt of agriculturists to the extent of Rs. 33.800 Millions. 

BRANCH EXPANSION

The area of Operation of bank is whole revenue area of Maharashtra State. To meet the growing needs of banking facilities to large sections of people the bank has opened its branches at Bhende Galli- Kolhapur, Shirol, Jaysingpur, Peth Vadgaon, Gandhinagar, Shahupuri-Kolhapur,Main Branch, New Industrial Estate- Ichalkaranji, Kalbadevi Road- Mumbai, Laxmi Road- Pune, Hupari, Gargoti, Gadhinglaj, Ajara, Karad, Vasant Market Yard- Sangli, Sulkud (Tal.-Kagal), Gaonbhag - Ichalkaranji, Mulund(W.)-Mumbai, Solapur, Ganpati Peth-Sangli, Market Yard- Pune, Jawaharlal nagar inchalkaranji, Nashik ,kothrud Pune,Aurangabad and Laxmi Audyogik Vasahat, Hatkanangale,Latur, 5 star MIDC Kagal, Shahapur- Ichalkaranji, Jalna, Ahmadnagar, Thane.The Deccan Co-operative Urban Bank Limited, Pune sick bank has been amalgamated with their bank and they have started business from 1.7.1994. Bank has one off-site ATM at Dattajirao Kadam Technical and Engineering College, Ichalkaranji. Also Reserve Bank of India has permitted to open new three branches at Latur, Kagal MIDC and Shahapur, Ichalkaranji.

SERVICE TO THE CUSTOMERS

The bank is providing various services to the customers in many ways, such, as –

1.	Bills collection facility.
2.	Safe deposit lockers facility.
3.	Monthly salary payment of major institutions.
4.	Banking facilities like commercial and Nationalized Banks.
5.	loans and advance at reasonable rates to small and cottage industries.
6.	Always prompt and cordial service.
7.	ATM facility at Main Branch Ichalkaranji, Nasik, Aurangabad, Kotharud-Pune, Gaonbhag-Ichalkaranji, Jaysingpur, Shahupuri-Kolhapur and Peth Vadgaon, Gultekadi-Pime, Industrial Estate-Ichalkaranji, Solapur etc. All the 12 branches plus one off-site ATM at Dattajirao Kadam Technical and Engineering College, Ichalkaranji.
8.	Internet facility is available in all computerized branches.
9.	Web site- www.ijsbank.com
10.	Life and General Insurance Services.
11.	PAN Card services.
12.	Inward and Outward RTGS facilities.
13.	Franking facility is available at Main Branch-Ichalkaranji and Shahupuri-Kolhapur branch.
14.	E-payment of Government obligation.
15.	Under Income Tax Act, Section 80C Deposit Scheme recognized for special incentive.
16.	Interest free loan for purchasing LAPTOP for the Teachers, Students, Professors 8s Agriculturists.
17.	BANCS network is available for our ATM card holders at 5000 ATM centers of 32 banks ATMs.

PRIORITY SECTOR LENDING

The bank has fulfilled its statutory obligation of lending to the "Priority Sector". Out of its total advances, 75% is given to promote industry and trade and out of its about 62% advances are for Priority Sector, the bank has been lending more than 26% to Weaker Section of the community, as per government policy.

THE BOARD OF DIRECTORS

As per the Bye-laws of the society, the bank has an elected Board of Directors comprising 19 Directors. Adequate representation is given to Weaker Section, backward classes and ladies. Four co-opted directors amongst which two are professionals and two representatives of employees, thereby the bank is acheiving the goal of Coporate Governance. The bank conducts its various function through appropriate sub committees at Head office and at branch levels.

At present, Shri.A.B.Soundattikar - Chairman, Shri.B.P.Patil -Vice-Chairman, Shri. Purushottam Jakhotia, Shri. Ugamchand Gandhi, Shri. Sunil Haval, Shri. IlaiKalawant, Shri. Ramesh Ketkale, Shri. Ravindra Kharade, Shri. Badrinath Khot, Shri. Ahamed Mujawar, Shri. Omprakash Patani, Shri. Sachin Zanwar, Shri. Pandurang Biranje, Shri. Rajesh Patil, Shri. Chandrakant Chougule, Shri. Vilas Padale, Sou. Sujata Jadhav, Sou. Anita Kajve, Smt. Bharati Awale, Shri.P.T. Kumbhar- General Manager.

BANK PROPERTIES

At present bank has its own buildings at Ichalkaranji, Main building named as "JANATA  BANK  BHAVAN" and another at Industrial Estate, in Kolhapur at Shahupuri, in Mumbai at Kalbadevi Road, in Pune at Laxmi Road, Shirol, Peth Vadgaon and Jaysingpur and at Mulund (West) - Mumbai, Gaonbhag-Ichalkaranji. Bank has also purchased land about 45,000 Sq. ft. for administrative office at Ichalkaranji.

EMPLOYEE WELFARE

Total No. of staff member is 450 at present working in the bank. Adequate measures are taken to open avenues for promotion to lower level staff such as Clerks, through examination and re-orientation training through cooperative department, Reserve Bank of India, etc. Pay-scales of the staff are revised from time to time. Housing finance, at low rate of interest vehicle loans also at low rates etc. are also made available to the employees. To take care of health of all employees and their family members, bank has taken health Insurance of their family, where the member of family is benefited to the extent of Rs. 50.000/- on medical reimbursement. Further, a health check-up camp for all the employees was undertaken to keep healthy and active. There is system of awarding outstanding performer by ways of gift or increment for business development, recovery etc. The result is the excellent industrial relation that exists between the staff and the Management. Two representatives of the employees are also on the board. The bank is sending constantly its staff and officers for training. Bank is spending every year for the staff training proposes.

CORE BANKING SOLUTION

Their bank has implemented Core Banking Solution system and is likely to be completed at all our branches up to March 2010. They have also tied-up for ATMs at "BANGS" network and all their ATM card holders can operate through 5000 ATMs all over India.

CBS FACILITY

We have developed the fully equiped Data center at the Jaysingpur and all 33 branches are connected by leased line and backup line is ISDN, DR site is hosted at TJSB, pune.

Following services are already started.

1) CBS Module

a) Any brabch banking

b) Teller system

c) IBT- Internet branch trensactions

d) MIS

e) At par cheque facility

f) Centralized Clearing system

Following services are started in this financial year

a) BANCS ATM Network- Issuer Transactions.

b) RTGS Facility

c) SMS Banking

d) Anti Money Loundering

Following services will be started in next financial year

a) Internet Banking

b) NFS ATM Network - Issuer and Acquire Transactions.

c) NEFT facility

d) Data Center sharing to otjer banks.

FOUNDER CHAIRMAN

Honorable Founder Chairman, Kallappanna Awade (Dada)

Born in a farmer's family Shri Kallappanna Awade since his youth prepared firm ground for himself in social activities. Started his career as a true co-operator in co-operative organizations in Ichalkaranji. As founder Chairman of this bank, he has put in his sincere efforts towards the excellent progress over a span of five decades.

He is the Founder Chairman of Janata Bank. He was working as Chairman from 07.02.1963 to 04.11.1976. During his Chairmanship, he contributed immensely for the growth of bank. Through his untiring efforts and constant encouragement, Janata Bank has become one of the largest Scheduled Co-op. Bank in Maharashtra State and today enjoys a Place of Pride as "Kallappanna Awade Ichalkaranji Janata Bank". In accelerating the pace of bank's growth and development, he is the moving spirit and fountain of inspiration.

During his term as Chairman, he made strident/strenuous efforts for the expansion and development of the Bank. Due to his fore sigh tedness the Bank, in its infancy period, earned name among customer and member. A number of novel banking services initiated by him helped Bank to win the trust of the people. The credit of present phenomenal progress goes to his vigil on the activities of Bank and his guidance at every juncture.

Besides, he also lead as founder Chairman of various co-operative organization viz. Ichalkaranji Co-op. Spg. Mills, Jawahar Shetkari Sakhar Karkhana. So also a number of other co-operative organizations came up under his patronage and guidance. DKTE, an education and management institute, founded by him imparting techno-academic education and turning out highly skilled engineers and experts has carved a niche in educational sphere.

His political career started from the President of Ichalkaranji Municipal Council further elevated him to Member of Legislative Assembly and Member of Parliament. His role as Minister of State for Industries and Urban Development revealed statesmanship of an ideal politician. In a nutshell, the personality and stature of Shri K.B. Awade in socio-political field has earned him a place of pride in this region.

SERVICES:

Core Banking :

They have developed fully equipped Data center at the premises of their Jaysingpur Branch and all 35 Branches and H.O. are connected to their Data Center by way of CBS. Bank has successfully implemented NDS/ RTGS/ NEFT platform to their customers.

They are connected to BANCS NETWORK and will shortly be part of NFS and network giving you access to 85000 + ATMs Also we have started internet Banking SMS Banking you can register your mobile/ cell number to get payments/, deposits collection alerts over the mobile.

ATM Centers of their bank :

Savings and Current bank accounts holders of following mentioned branches can avail the facility of ATM by submitting an application for ATM Card to the branch manager.

Cheque Deposit Machine Centers of their bank :

Customers having Savings, Current, Cash Credit and Over Draft bank accounts in their bank can avail the facility of All Type MICR Cheque Deposit Machines at our following mentioned branches.

AT PAR CHEQUE facility

Their Bank has started AT PAR CHEQUE facility and customers must fill a form to apply for this facility at related branch. Under this facility cheques will pass in any of branch (except Lakshmi Road Pune, Gultekadi Pune, Kothrud Pune). There is no limit for Funds Transfer or Clearing. But, if you need cash from any of our branch then the customer himself has to approach the branch and the limit for this is Rs. 50,000/-. A separate cheque book will be issued to these customers. Cash Credit, Overdraft account must be regular for using this facility. ‘Know the customer’ KYC norms must be fulfilled.

DETAILS OF RTGS

They are glad to announce that from 03.03.2011 their bank has started facilities of ATM, At Par Cheque, RTGS for their customers. Their bank has also implemented Core Banking Facility so their customer can deposit or withdraw cash from any branch of their bank. With core banking they have started to implement all advance facilities step by step. BANCS ATM, At Par Cheque, RTGS, SMS Banking is one of these steps. To avail these facilities customers have to register themselves with them.

RTGS (Real Time Gross Settlement)

RTGS means Real Time Gross Statement. This facility is controlled by Reserve Bank of India. Earlier outstation cheques or cheques from other states took a long time for credit. Reserve Bank of India started RTGS facility for immediate transfer of funds for benefit of customers. Now you can transfer funds from their bank to any RTGS bank all over India. 110 Banks are involved in RTGS system and you can transfer funds on same day in 75,000 branches.

NFS

NFS means National Financial Switch. NFS ATM Switch is controlled by IDRBT Hyderabad, established by Government of India. NFS Switch connects ATMs of all banks to each other. Today 32 banks have participated in NFS Switch and customer of these banks can withdraw cash from these 32 banks ATM centers. Their Bank is joining the NFS ATM Switch shortly.

BANCS ATM FACILITY

Now their current or saving bank account customers can withdraw cash from more than 10,000 ATMs all over India using new ATM card. Customers will be able to withdraw cash upto Rs. 20,000/- per day and get their account balance details using new ATM card, in short now you have access to bank facilities for 365 days/24 hours. Their bank is now a member of BANCS NETWORK. This network consists of Bank of India, IDBI Bank, AXIS Bank, Bank of Bahrain Kuwait, The Cosmos Co-Operative Bank Limited, Abhyudaya Bank Limited, Jankalyan Sahakari Bank Limited, Dombiwali Nagari Sahakari Bank Limited, The Thane Janata Sahakari Bank, Ernakulam District Coop Bank, Air Corporation Employees Co-op Bank, The Vishweshwar Sahakri Bank Limited, Nutan Nagari Bank, Hunduatan Co-oprative Bank Limited, Apna Sahakari Bank Limited, Nagpur Nagrik Sahakari Bank, The Zoroastrian Co-oprative Bank Limited, Samarth Sahakari Bank, Greater Bombay Co-oprative, Lakshmi Vilas Bank, Punjab and Maharashtra Bank.

Important notes

Get the new ATM card and PIN (password) from their bank.

Operate their new ATM card immediately.

Change the four digit PIN (password) immediately.

Remember changed PIN (password).

Always keep you ATM PIN (password) a secret.

Surrender the old ATM card when you collect the new ATM card.

If there is any failure in ATM cash transaction while using other banks ATM or you have any complaint regarding ATM transaction, please submit a written compliant with all ATM transaction details (like Name of the Bank, ATM Location, Date, Time, Amount along with copy of ATM Receipt) within thirty days in our nearest branch. They will forward the request to BANCS NETWORK and their decision in this regard will final. This process normally takes 7 days after a complaint is lodged. 

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. 54.39
UK Pound	1	Rs. 87.78
Euro	1	Rs. 71.29

INFORMATION DETAILS

Report Prepared by :

BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
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	6
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		50

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.