MIRA INFORM REPORT

Report Date :

02.01.2012

IDENTIFICATION DETAILS

Name :	INNOVATIVE TECHNOLOGY ENZYME COMPANY OF INDIA PRIVATE LIMITED
Registered Office :	602, Trade Centre, Opposite Bandra Kurla, Telephone Store, BKC, Bandra (East), Mumbai – 400051, Maharashtra
Country :	India
Financials (as on) :	Not Available
Date of Incorporation :	03.10.2010
Com. Reg. No.:	11-208546
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U45400MH2010PTC208546
TAN No.: [Tax Deduction & Collection Account No.]	MUMI09654B
Legal Form :	Private Limited Liability Company
Line of Business :	Subject engaged in the business of construction of roads.
No. of Employees :	20 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ca (11)

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 :	New Company
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a relatively new company and yet to establish itself gradually. Business is active. Payments are unknown. The company can be considered for business on a 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 – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
India	A1	A1

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

INFORMATION PARTED BY

Name :	Ms. Harsha More
Designation :	HR
Contact No.:	91-22-26423443
Date :	30.12.2011

LOCATIONS

Registered Office :	602, Trade Centre, Opposite Bandra Kurla, Telephone Store, BKC, Bandra (East), Mumbai – 400051, Maharasahtra, India
Tel. No.:	91-22-26423443
Fax No.:	91-22-26423442
E-Mail :	hr@i-tec.in mikindia@gmail.com
Website :	www.i-tec.in
Area :	300 Sq ft
Location :	Rented

DIRECTORS

Name :

Mr. Michel Kedem

Designation :

Director

Date of Birth/Age :

46 Years

Name :

Mr. Alon Globus

Designation :

Director

Date of Birth/Age :

60 Years

Name :

Mr. Yosef Atoon

Designation :

Director

Address :

Had Ness 25, Ramat Hagolan 12950

Date of Birth/Age :

04.02.1956

Date of Appointment :

03.10.2010

DIN No.:

02848250

Name :

Mr. Rajendra Kumar Bagrodia

Designation :

Director

Address :

S-521, Greater Kailash Part – ll, New Delhi – 110048, India

Date of Birth/Age :

01.01.1945

Date of Appointment :

31.01.2011

DIN No.:

00178250

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	L15511RJ1992PLC014556	Winsome Breweries Limited	Managing director	01-01-08	08-01-98	-	Active	NO
2	U74999DL2003PLC120496	Shree Assets Reconstruction Limited	Director	23-05-03	23-05-03	09-08-08	Active	NO
3	U65910RJ1999PLC015937	Vinayak Local Area Bank Limited	Director	22-09-03	22-09-03	15-05-08	Active	NO
4	L51909WB1982PLC035262	Suzuki (India) Limited	Director	10-09-05	10-09-05	-	Active	NO
5	L51909WB1981PLC033327	Girija-Industrial Promotion Limited	Director	01-10-05	01-10-05	-	Active	NO
6	U63040DL2006PTC149872	Flightsaverz.Com Travels Private Limited	Director	19-06-06	19-06-06	04-03-11	Active	YES
7	U40102DL2006PTC154769	Winsome Energy Private Limited	Director	13-10-06	13-10-06	19-10-07	Active	YES
8	U45004DL1992PLC049170	Indfish Limited	Director	25-06-07	25-06-07	-	Active	NO
9	U64200DL2008PTC177967	Diverse Telecom India Private Limited	Director	12-05-08	12-05-08	-	Active	NO
10	U32109DL2008PTC185287	Unwire India Private Limited	Director	27-11-08	27-11-08	-	Active	NO
11	U15500WB2009PTC139872	Winsome Assam Valley Breweries Private Limited	Director	02-12-09	02-12-09	-	Active	NO
12	U45400WB2009PTC139979	Jay Ditya Anant Developers Private Limited	Director	08-12-09	08-12-09	-	Active	NO
13	U15511WB2010PTC145255	Winsome Anant Breweries Private Limited	Director	15-04-10	15-04-10	-	Active	NO
14	U14294DL2008PTC180161	Indo Australia Mining Private Limited	Additional director	20-08-10	20-08-10	-	Active	NO
15	U24233GJ2010PTC062361	Ayush Lifecare Gujarat Enterprises Private Limited	Director	20-09-10	20-09-10	-	Active	NO
16	U26900DL2010PTC209149	Himachal Ayush Enterprises Private Limited	Director	06-10-10	06-10-10	-	Active	NO
17	U70200DL2010PTC211941	Winsome Pistelli Constructions Private Limited	Director	30-12-10	30-12-10	-	Active	NO
18	U45400MH2010PTC208546	Innovative Technology Enzyme Company Of India Private Limited	Additional director	31-01-11	31-01-11	-	Active	NO
19	U40300DL2011PTC221501	Hanergy Solar Private Limited	Director	27-06-11	27-06-11	-	Active	NO
20	U74140DL2011PTC222531	Indo American Institute of Medical Sciences Private Limited	Director	19-07-11	19-07-11	-	Active	NO
21	U24100DL2009PTC191707	Corrkil Solutions (India) Private Limited	Director	05-09-11	05-09-11	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Harsha More
Designation :	HR

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 12.09.2010

Names of Shareholders	No. of Shares
Alon Globus	2500
Atoon Yosef	5000
Micheal Kedem	2500
TOTAL	10000

BUSINESS DETAILS

Line of Business :	Subject engaged in the business of construction of roads.
Imports :
Products :	Zymetec
Countries :	Israel
Terms :
Selling :	Cheque
Purchasing :	Cheque

GENERAL INFORMATION

Customers :	Government Sector
No. of Employees :	20 (Approximately)
Bankers :	Kotak Mahindra Bank, Bandra (East), Mumbai, Maharashtra, India

Banking Relations :	--
Auditors :
Name :	Mr. Kanadia Chartered Accountant
Sister Concern:	Sunit Hitech Engineering Private Limited

CAPITAL STRUCTURE

As on 12.09.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.10/- each	Rs.0.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

Particulars	2010-2011
Sales Turnover (Approximately)	2.000 Millions (Activity Started on Feb 2011)

Expected Sales (2011-20112) : Rs.5.000 Millions

The above information has been parted by Ms. Harsha More – Accountant

LOCAL AGENCY FURTHER INFORMATION

Check list by Info Agents	Available in Reports ( Yes/No)
Year of Establishment	Yes
Locality of the Firm	Yes
Constitutions of the Firm	Yes
Premises Details	Yes
Type of Business	Yes
Line of Business	Yes
Promoter’s Background	--
No. of Employees	Yes
Name of person contacted	Yes
Designation of contact person	Yes
Turnover of Firm fort last one years	Yes
Profitability for last three years	No
Reasons For Variation<>20%	--
Estimation for coming financial year	Yes
Capital in Business	Yes
Details of Sister Concern	Yes
Major Suppliers	No
Major Customers	No
Payment Terms	Yes
Export / Import Details (if Applicable)	--
Market Information	--
Litigations that the firm / Promoter involved in	--
Banking Details	Yes
Banking Facility Details	No
Conduct of the banking account	--
Buyer visit details	--
Financial, if provided	No
Incorporation details, if applicable	--
Last Account filed at ROC	--
Major shareholder , if available	--

Notes: The registered office address has been changed from 104, Kanhaiya Building, 1^st Floor, 250B, Linking Road, Bandra (West), Mumbai – 400050, Maharashtra, India to present address

TRADE REFERENCES

• Abacon
• Tascano Infrastructure

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.53.27
UK Pound	1	Rs.82.09
Euro	1	Rs.68.90

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILIRY	1~10	1
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	--
--CREDIT LINES	1~10	--
--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		11

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.