BUSINESS INFORMATION REPORT

1. Summary Information

		Country	INDIA
Company Name	JAKSON ENGINEERS LIMITED	Principal Name 1	MR. SAMEER GUPTA
Status	GOOD	Principal Name 2	MR. SATISH KUMAR GUPTA
		Registration #	55-011261
Street Address	A 626, 6^TH FLOOR, DLF TOWER-A, JASOLA, NEW DELHI – 110 076
Established Date	16.01.1981	SIC Code	--
Telephone#	91-11-25748654/ 25748656	Business Style 1	MANUFACTURER
Fax #	NOT AVAILABLE	Business Style 2	SUPPLIER
Homepage	http://www.jakson.com	Product Name 1	DIESEL GENERATING SETS
# of employees	NOT AVAILABLE	Product Name 2	--
Paid up capital	RS.2,426,000/-	Product Name 3	--
Shareholders	DIRECTORS OR RELATIVES OF DIRECTORS-100%	Banking	HDFC BANK LIMITED
Public Limited Corp.	NO	Business Period	31 YEARS
IPO	NO	International Ins.	--
Public Enterprise	NO	Rating	A (60)
Related Company
Relation	Country	Company Name	CEO
SISTER CONCERN	INDIA	JAKSON ENTERPRISES	--
Note	--

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	774,211,000	Current Liabilities	515,732,000
Inventories	184,975,000	Long-term Liabilities	13,534,000
Fixed Assets	265,938,000	Other Liabilities	94,720,000
Deferred Assets	0,000	Total Liabilities	623,986,000
Invest& other Assets	277,456,000	Retained Earnings	876,168,000
		Net Worth	878,594,000
Total Assets	1,502,580,000	Total Liab. & Equity	1,502,580,000
Total Assets (Previous Year)	1,142,828,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	2,062,350,000	Net Profit	193,510,000
Sales(Previous yr)	1,095,178,000	Net Profit(Prev.yr)	109,330,000

MIRA INFORM REPORT

Report Date :

24.01.2012

IDENTIFICATION DETAILS

Name :	JAKSON ENGINEERS LIMITED
Registered Office :	A 626, 6^th Floor, DLF Tower-A, Jasola, New Delhi – 110 076
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	16.01.1981
Com. Reg. No.:	55-011261
Capital Investment / Paid-up Capital :	Rs.2.426 millions
CIN No.: [Company Identification No.]	U74210DL1981PLC011261
TAN No.: [Tax Deduction & Collection Account No.]	DELJ04454C / DELJ05127D
PAN No.: [Permanent Account No.]	AAACJ1625K
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer and Supplier of Diesel Generating Sets.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

A (60)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 3514000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having fine track. Financial position of the company appears to be sound. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments. The company can be considered good for normal 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 – 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

LOCATIONS

Registered Office :	A 626, 6^th Floor, DLF Tower-A, Jasola, New Delhi – 110 076, India
Tel. No.:	91-11-25748654/ 25748656
Fax No.:	Not Available
E-Mail :	anuj.dhiman@jakson.com info@jakson.com
Website :	http://www.jakson.com
Corporate Office :	A-43, Phase – II (Extension), Opposite NEPZ, Noida – 201 305, India
Tel. No.:	91-120-4302600/ 2568923-27
Fax No.:	91-124-4568585
Factory :	Plot No.25, ECOTECH – III, Udyog Kendra, Greater Noida – 201 305, Uttar Pradesh, India
Branch Office :	Located at: v Mumbai v Kolkata v Bhubaneswar v Hyderabad v Dehradun v Indore v Faridabad v Noida v Delhi

DIRECTORS

As on 26.09.2011

Name :

Mr. Sameer Gupta

Designation :

Managing Director

Address :

19/49, Punjabi Bagh, New Delhi – 110 026, India

Date of Birth/Age :

11.12.1966

Date of Appointment :

01.12.1989

DIN No.:

00513925

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	U74210DL1981PLC011261	Jakson Engineers Limited	Managing director	02-03-09	01-12-89	-	Active	NO
2	U74899DL1988PTC032381	Jakson Generators Private Limited	Director	10-04-93	10-04-93	-	Active	NO
3	U51219WB1995PTC067321	Hemangi Vyapar Private Limited	Director	11-01-95	11-01-95	-	Active	NO
4	U70101WB1997PTC082732	Sand Properties Private Limited	Director	29-01-97	29-01-97	-	Active	NO
5	U74899DL1997PLC088808	Jakson Limited	Managing director	01-04-07	13-07-97	-	Active	NO
6	U72900DL2004PTC183874	Emirates Technologies Private Limited	Director	29-03-06	03-12-04	-	Active	NO
7	U27104OR2004PLC007916	Konark Concast and Power Limited	Director	17-12-04	17-12-04	09-07-08	Active	NO
8	U45201DL2006PTC145580	Ascot Infrastructure Private Limited	Director	30-01-06	30-01-06	-	Active	NO
9	U45201DL2006PTC145579	Konark Buildwell Private Limited	Director	30-01-06	30-01-06	-	Active	NO
10	U45201DL2006PTC145584	Ascot Projects Private Limited	Director	30-01-06	30-01-06	-	Active	NO
11	U52110WB1997PTC083501	Goodview Trading Private Limited	Director	02-08-06	02-08-06	-	Active	NO
12	U45200DL2006PTC156486	Aargee Contracts Private Limited	Director	14-12-06	14-12-06	20-12-10	Active	NO
13	U45400DL2007PTC163188	Konark Infraprojects Private Limited	Director	09-05-07	09-05-07	-	Active	NO
14	U51109GJ1991PLC057955	Hans Ispat Limited	Director	25-12-07	25-12-07	29-01-10	Active	NO
15	U70102DL2008PTC177097	Emirates Infrastructure Private Limited	Director	23-04-08	23-04-08	02-08-11	Active	NO
16	U70102DL2008PTC177094	Emirates Infraprojects Private Limited	Director	23-04-08	23-04-08	-	Active	NO
17	U45201DL2005PTC139317	Sarvapriya Realtors Private Limited	Director	30-09-08	19-08-08	-	Active	NO
18	U45201DL2005PTC139351	Roopak Infrastructure Private Limited	Director	30-09-08	19-08-08	-	Active	NO
19	U70101DL2005PTC134557	Nishtha Realtors Private Limited	Director	30-09-08	19-08-08	-	Active	NO
20	U45201DL2005PTC139340	Poorti Infrastructure Private Limited	Director	30-09-08	19-08-08	-	Active	NO
21	U51909WB2005PTC103214	Godavri Vanijya Private Limited	Director	06-10-09	06-10-09	-	Active	NO
22	U29220DL2010PTC201302	Jakson Enterprises Private Limited	Managing director	08-04-10	08-04-10	-	Active	NO
23	U70200DL2010PTC204902	Aargee Realprop Private Limited	Director	28-06-10	28-06-10	-	Active	NO
24	U70200DL2010PTC204894	Aargee Inframart Private Limited	Director	28-06-10	28-06-10	-	Active	NO
25	U40101DL2011PTC220425	Jakson Power Private Limited	Director	07-06-11	07-06-11	-	Active	NO
26	U45400DL2011PTC220662	Konark Infrabuild Private Limited	Director	09-06-11	09-06-11	-	Active	NO
27	U45400DL2011PTC220660	Konark Heights Private Limited	Director	09-06-11	09-06-11	-	Active	NO
28	U45400DL2011PTC220659	Konark Residency Private Limited	Director	09-06-11	09-06-11	-	Active	NO
29	U45400DL2011PTC220658	Konark Dwelling Private Limited	Director	09-06-11	09-06-11	-	Active	NO
30	U45400DL2011PTC220657	Emirates Residency Private Limited	Director	09-06-11	09-06-11	-	Active	NO
31	U45400DL2011PTC220656	Emirates Heights Private Limited	Director	09-06-11	09-06-11	-	Active	NO
32	U45400DL2011PTC220655	Emirates Habitat Private Limited	Director	09-06-11	09-06-11	-	Active	NO
33	U55101DL2011PTC227949	Jakson Hospitality Private Limited	Director	25-11-11	25-11-11	-	Active	NO

Name :

Mr. Satish Kumar Gupta

Designation :

Director

Address :

19/49, Punjabi Bagh, New Delhi – 110 026, India

Date of Birth/Age :

20.12.1936

Date of Appointment :

16.01.1981

DIN No.:

00513975

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	U74210DL1981PLC011261	Jakson Engineers Limited	Director	02-03-09	16-01-81	-	Active	NO
2	U74899DL1997PLC088808	Jakson Limited	Director	13-07-97	13-07-97	-	Active	NO
3	U70102DL2008PTC177097	Emirates Infrastructure Private Limited	Director	23-04-08	23-04-08	02-08-11	Active	NO
4	U70102DL2008PTC177094	Emirates Infraprojects Private Limited	Director	23-04-08	23-04-08	-	Active	NO
5	U65990MH1994PTC077115	Kalpesha Investments Private Limited	Director	12-01-09	12-01-09	-	Active	YES

Name :

Mr. Sundeep Gupta

Designation :

Director

Address :

19/49, Punjabi Bagh, New Delhi – 110 026, India

Date of Appointment :

01.10.1996

DIN No.:

00514034

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	U74899DL1988PTC032381	Jakson Generators Private Limited	Director	10-04-93	10-04-93	-	Active	NO
2	U51219WB1995PTC067321	Hemangi Vyapar Private Limited	Director	11-01-95	11-01-95	-	Active	NO
3	U74210DL1981PLC011261	Jakson Engineers Limited	Director	01-10-96	01-10-96	-	Active	NO
4	U70101WB1997PTC082732	Sand Properties Private Limited	Director	29-01-97	29-01-97	-	Active	NO
5	U74899DL1997PLC088808	Jakson Limited	Whole-time director	01-04-07	13-07-97	-	Active	NO
6	U72900DL2004PTC183874	Emirates Technologies Private Limited	Director	03-12-04	03-12-04	-	Active	NO
7	U27104OR2004PLC007916	Konark Concast and Power Limited	Director	17-12-04	17-12-04	09-07-08	Active	NO
8	U45201DL2006PTC145580	Ascot Infrastructure Private Limited	Director	30-01-06	30-01-06	-	Active	NO
9	U45201DL2006PTC145579	Konark Buildwell Private Limited	Director	30-01-06	30-01-06	-	Active	NO
10	U45201DL2006PTC145584	Ascot Projects Private Limited	Director	30-01-06	30-01-06	-	Active	NO
11	U52110WB1997PTC083501	Goodview Trading Private Limited	Director	02-08-06	02-08-06	-	Active	NO
12	U45200DL2006PTC156486	Aargee Contracts Private Limited	Director	14-12-06	14-12-06	20-12-10	Active	NO
13	U45400DL2007PTC163188	Konark Infraprojects Private Limited	Director	09-05-07	09-05-07	-	Active	NO
14	U70102DL2008PTC177097	Emirates Infrastructure Private Limited	Director	23-04-08	23-04-08	-	Active	NO
15	U70102DL2008PTC177094	Emirates Infraprojects Private Limited	Director	23-04-08	23-04-08	-	Active	NO
16	U45201DL2005PTC139317	Sarvapriya Realtors Private Limited	Director	30-09-08	19-08-08	-	Active	NO
17	U45201DL2005PTC139351	Roopak Infrastructure Private Limited	Director	30-09-08	19-08-08	-	Active	NO
18	U70101DL2005PTC134557	Nishtha Realtors Private Limited	Director	30-09-08	19-08-08	-	Active	NO
19	U45201DL2005PTC139340	Poorti Infrastructure Private Limited	Director	30-09-08	19-08-08	-	Active	NO
20	U51909WB2005PTC103214	Godavri Vanijya Private Limited	Director	06-10-09	06-10-09	-	Active	NO
21	U29220DL2010PTC201302	Jakson Enterprises Private Limited	Managing director	08-04-10	08-04-10	-	Active	NO
22	U70200DL2010PTC204894	Aargee Inframart Private Limited	Additional director	22-12-10	22-12-10	-	Active	NO
23	U70200DL2010PTC204902	Aargee Realprop Private Limited	Additional director	22-12-10	22-12-10	-	Active	NO
24	U40101DL2011PTC220425	Jakson Power Private Limited	Director	07-06-11	07-06-11	-	Active	NO
25	U45400DL2011PTC220662	Konark Infrabuild Private Limited	Director	09-06-11	09-06-11	-	Active	NO
26	U45400DL2011PTC220660	Konark Heights Private Limited	Director	09-06-11	09-06-11	-	Active	NO
27	U45400DL2011PTC220659	Konark Residency Private Limited	Director	09-06-11	09-06-11	-	Active	NO
28	U45400DL2011PTC220658	Konark Dwelling Private Limited	Director	09-06-11	09-06-11	-	Active	NO
29	U45400DL2011PTC220657	Emirates Residency Private Limited	Director	09-06-11	09-06-11	-	Active	NO
30	U45400DL2011PTC220656	Emirates Heights Private Limited	Director	09-06-11	09-06-11	-	Active	NO
31	U45400DL2011PTC220655	Emirates Habitat Private Limited	Director	09-06-11	09-06-11	-	Active	NO
32	U55101DL2011PTC227949	Jakson Hospitality Private Limited	Director	25-11-11	25-11-11	-	Active	NO

Name :

Mr. Sunil Kumar Narang

Designation :

Director

Address :

E-65, Sarita Vihar, New Delhi – 110 044, India

Date of Appointment :

07.01.2005

DIN No.:

00514222

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	U74899DL1995PTC074504	Sar Leasing Private Limited	Director	01-03-97	01-03-97	-	Active	NO
2	U74210DL1981PLC011261	Jakson Engineers Limited	Director	07-01-05	07-01-05	-	Active	NO
3	U74899DL1997PLC088808	Jakson Limited	Director	06-05-05	06-05-05	-	Active	NO
4	U45200DL2006PTC156486	Aargee Contracts Private Limited	Director	14-12-06	14-12-06	18-05-11	Active	NO

Name :

Mr. Dhananjay Prabhakar Nadkarni

Designation :

Director

Address :

B-1/1, Suman Nagar, Sion, Trombay Road, Chembur, Mumbai – 400 071, Maharashtra, India

Date of Appointment :

01.10.1996

DIN No.:

00514296

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U74210DL1981PLC011261	Jakson Engineers Limited	Director	01-10-96	01-10-96	Active	NO
2	U74899DL1997PLC088808	Jakson Limited	Director	06-05-02	06-05-02	Active	NO

Name :

Mr. Navin Krishen

Designation :

Director

Address :

D-139, Saket, Delhi – 110 017, India

Date of Birth/Age :

01.03.1942

Date of Appointment :

12.09.2009

DIN No.:

01077306

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U74899DL1997PTC089672	Kanwar Krishen Associates Private Limited	Managing director	15-05-02	15-05-02	Active	NO
2	U74210DL1981PLC011261	Jakson Engineers Limited	Director	12-09-09	06-03-09	Active	NO
3	U74899DL1997PLC088808	Jakson Limited	Director	25-09-09	06-03-09	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 26.09.2011

Names of Shareholders	No. of Shares
S.K. Gupta	10530
Savita Gupta	5400
Sameer Gupta	2190
Sundeep Gupta	2190
Bhawna Gupta	1975
Anita Gupta	1975
Total	24260

As on 26.09.2011

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Supplier of Diesel Generating Sets.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

v HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India

v Citi Bank N.A., Jeevan Vihar, 3 Sansad Marg, New Delhi – 110 001, India

v Syndicate Bank, G.B. Road, Delhi – 110 006, India

v Standard Chartered Bank

v ICICI Bank Limited

v State Bank of India

v HSBC Limited

Facilities :

Unsecured Loans	31.03.2011 Rs. In Millions	31.03.2010 Rs. In Millions
Other debt unsecured	13.534	1.075
Total	13.534	1.075

Banking Relations :
Auditors :
Name :	A.K. Batra and Associates Chartered Accountants
Address :	A-36, First Floor, Rajouri Garden, New Delhi – 110 027, India
PAN No.:	AAAFA7179A
Sister Concern (Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives) :	Jakson Limited, India (CIN No.: U74899DL1997PLC088808) Jakson Enterprises, India

CAPITAL STRUCTURE

As on 26.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.100/- each	Rs.10.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
24260	Equity Shares	Rs.100/- each	Rs.2.426 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		2.426	2.426	2.426
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		876.168	682.658	573.328
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		878.594	685.084	575.754
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		13.534	1.075	7.304
TOTAL BORROWING		13.534	1.075	7.304
DEFERRED TAX LIABILITIES		4.510	5.654	4.887
TOTAL		896.638	691.813	587.945
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		265.938	276.888	241.468
Capital work-in-progress		107.528	36.584	5.369
INVESTMENT		169.928	136.173	141.560
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	184.975	161.190	128.073
	Sundry Debtors	397.076	235.554	365.214
	Cash & Bank Balances	215.377	167.584	27.933
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	161.758	128.855	164.423
Total Current Assets		959.186	693.183	685.643
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	162.612	186.879	169.165
	Other Current Liabilities	353.120	218.251	211.125
	Provisions	90.210	45.885	105.805
Total Current Liabilities		605.942	451.015	486.095
Net Current Assets		353.244	242.168	199.548
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		896.638	691.813	587.945

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Operating revenue, net	2062.350	1095.178	1632.963
		Other Income	62.801	54.725	16.309
		TOTAL (A)	2125.151	1149.903	1649.272
Less	EXPENSES
		Consumption materials changes inventories	1514.170	791.358	1537.641
		Manufacturing service costs	57.708	35.464
		Administrative selling other expenses	241.562	137.630
		TOTAL (B)	1813.440	964.452	1537.641
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		311.711	185.451	111.631
Less	INTEREST FINANCIAL CHARGES (D)		2.540	1.758	5.749
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		309.171	183.693	105.882
Less/ Add	DEPRECIATION/ AMORTISATION (F)		25.812	25.533	19.292
	PROFIT BEFORE TAX (E-F) (G)		283.359	158.160	86.590
Less	TAX (H)		89.849	48.830	28.067
	PROFIT AFTER TAX (G-H) (I)		193.510	109.330	58.523
	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		448.780	339.450	280.927
	BALANCE CARRIED TO THE B/S		642.290	448.780	339.450
	Earnings Per Share (Rs.)		7976.00	4507.00	2412.00

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	9.11	9.51	3.55
Net Profit Margin (PBT/Sales)	(%)	13.74	14.44	5.30
Return on Total Assets (PBT/Total Assets}	(%)	23.13	16.30	9.34
Return on Investment (ROI) (PBT/Networth)		0.32	0.23	0.15
Debt Equity Ratio (Total Liability/Networth)		0.71	0.66	0.86
Current Ratio (Current Asset/Current Liability)		1.58	1.54	1.41

LOCAL AGENCY FURTHER INFORMATION

Note:

The registered office of the company has been shifted from 102, Ratan Jyoti, 18, Rajendra Place, New Delhi – 110 008 to the present address w.e.f. 06.05.2010.

BUSINESS AND RESULTS TO OPERATION:

The Company’s gross income for the financial year ended March 31, 2011 Increase to Rs.2125.150 millions, from Rs.1149.903 millions in the previous year, registering a decrease of over 84.81 per cent. The operating profit (PBDIT) of the Company Increased to Rs.311.710 millions during the year, up from Rs.185.451 millions in the previous year. Interest expenses for the year Increased to Rs.2.540 millions, from Rs.1.758 millions, in the previous year. Depreciation was at Rs.25.812 millions against Rs.25.533 millions in the previous year. The Company’s Net Worth as on March 31, 2010, stood at Rs.878.593 millions, as against Rs.685.084 millions last year. The operating and net profit amounts have also improved, both in percentage terms and in absolute terms, mainly on account of cost cutting measures and economies in operating and input costs adopted by the company.

FORM 8:

This form is for	Creation of charge
Corporate identity number of the company	U74210DL1981PLC011261
Name of the company	JAKSON ENGINEERS LIMITED
Address of the registered office or of the principal place of business in India of the company	102, Ratan Jyoti, 18, Rajendra Place, New Delhi – 110 008, India
Type of charge	· Book debts · Movable property (not being pledge) · Floating charge
Particular of charge holder	CIN No.: L65920MH1994PLC080618 HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India E-Mail: anshu.sharma@hdfcbank.com
Nature of instrument creating charge	Letter of hypothecation of stocks and book debts
Date of instrument Creating the charge	12.03.2009
Amount secured by the charge	Rs.110.000 millions
Brief of the principal terms an conditions and extent and operation of the charge	· Rate of interest As may be communicated by the bank from time to time. · Terms of repayment On Demand · Margin As may from time to time be advised by the bank · Extent and operation of the charge First pari passu charge on all the stock and book debts of the company both present and future. · Others N.A.
Particulars of the property charged	First pari passu charge on all the stock and book debts of the company both present and future.

FIXED ASSETS

v Land

v Building

v Plant and Machinery

v Vehicles

v Office Equipment

v Furniture and Fixtures

v Computer

v Electric Installation

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.50.24
UK Pound	1	Rs.78.13
Euro	1	Rs.64.79

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	7
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	8
--CREDIT LINES	1~10	6
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		60

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.