MIRA INFORM REPORT

Report Date :

07.07.2012

IDENTIFICATION DETAILS

Name :	AVENTURA COMPONENTS PRIVATE LIMITED (w.e.f 27.05.2005)
Formerly Known As :	PURGE SYSTEMS PRIVATE LIMITED
Registered Office :	A-1/152, Neb Sarai, Main IGNOU Road New, Delhi – 110 068
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	22.09.1997
Com. Reg. No.:	55-089785
Capital Investment/ Paid-up Capital:	Rs. 2.578 Millions
CIN No.: [Company Identification No.]	U51505DL1997PTC089785
TAN No.: [Tax Deduction & Collection Account No.]	DELP09140F
PAN No.: [Permanent Account No.]	AAFCA3564R
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of Water Treatment and Water Handling Components
No. of Employees:	300 (Approximately) (In Office + In Factory)

RATING & COMMENTS

MIRA’s Rating :

Ba (49)

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

	Maximum Credit Limit :		USD 170000
	Status :		Satisfactory
	Payment Behaviour :		Usually correct
	Litigation :		Clear
Comments :		Subject is a well established company having satisfactory. The company has recorded a better increase in its sales turnover during the year 2011. Trade relations are reported as trustworthy. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual trade terms and conditions.

NOTES:

Any query related to this report can be mn 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. Aarti
Designation :	Marketing Manager
Contact No.:	91-11-43100541
Date :	25.06.2012

LOCATIONS

Registered Office/ Factory :	A-1/152, Neb Sarai, Main IGNOU Road New, Delhi – 110 068, India
Tel. No.:	91-11-43100513/ 43100543 / 43100541
Mobile No.:	91-9717690542 (Mr. Rupak)
Fax No.:	91-11-43100599
E-Mail :	rupak@aventura.co.in icmas@rediffmail.com marketing@aventura.co.in vivek@ewgroup.in sanjeet@ewgroup.in
Website :	www.aventura.co.in
Location :	Owned

DIRECTORS

AS ON: 03.08.2011

Name :

Mr. Kewal Krishan Kundan Lal Nohria

Designation :

Director

Address :

11, Aryavatha, Narayan Dabhulkar Road, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

04.10.1932

Date of Appointment :

05.10.2005

DIN No.:

00060015

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	L74140PN1986PLC041033	KALE CONSULTANTS LIMITED	Director	08/10/1988	08/10/1988	-	Active	NO
2	U24295GA1988PLC000921	CG-PPI ADHESIVE PRODUCTS LIMITED	Director	04/11/1988	04/11/1988	-	Active	NO
3	U74899DL1993PTC051849	ITRON METERING SOLUTIONS INDIA PRIVATE LIMITED	Director	22/01/1993	22/01/1993	29/10/2010	Active	NO
4	L29142TN1992PLC021997	IGARASHI MOTORS INDIA LIMITED	Director	03/07/1993	03/07/1993	-	Active	NO
5	U31404TN1993PTC025779	AGILE CONSUMER ELECTRIC INDIA PRIVATE LIMITED	Director	13/09/1993	13/09/1993	28/03/2011	Active	NO
6	U33112PN1995PTC093837	COLOGICX SYSTEMS PRIVATE LIMITED	Director	14/03/1997	14/03/1997	-	Active	NO
7	U60231KA1984PTC006017	MAINI MATERIALS MOVEMENT PRIVATE LIMITED	Director	21/07/2007	24/09/1998	-	Active	NO
8	U27201KA1972PTC002307	MAINI PRECISION PRODUCTS PRIVATE LIMITED	Director	19/09/2007	26/03/1999	-	Active	NO
9	U72200KA1999PTC033050	COREEL TECHNOLOGIES (INDIA) PRIVATE LIMITED	Director	29/08/2000	29/08/2000	-	Active	NO
10	U74999HR2000PLC035269	GROW TALENT COMPANY LIMITED	Director	09/09/2000	09/09/2000	-	Active	NO
11	U72200DL2001PTC112820	SUKARMA TECHNOLOGIES PRIVATE LIMITED	Director	14/03/2002	14/03/2002	04/08/2008	Active	NO
12	U74899DL2001PTC111383	FONTUS WATER PRIVATE LIMITED	Director	02/01/2003	02/01/2003	-	Active	NO
13	U74899DL2000PTC105715	E A WATER PRIVATE LIMITED	Director	01/07/2003	01/07/2003	-	Active	NO
14	U74999HR2004PLC035286	ACQVIRE TALENT SERVICES LIMITED	Director	14/01/2004	14/01/2004	-	Amalgamated	NO
15	U31102TN2003PTC052057	AGILE ELECTRIC DRIVES TECHNOLOGIES AND HOLDINGS PRIVATE LIMITED	Director	20/05/2004	20/05/2004	-	Active	NO
16	U74899DL2000PTC103848	NET HOLDINGS PRIVATE LIMITED	Director	15/06/2004	15/06/2004	-	Active	NO
17	U29299MH1964PLC013087	C.T.R. MANUFACTURING INDUSTRIES LIMITED	Director	15/07/2004	15/07/2004	-	Active	NO
18	U31102TN2004PTC054140	AGILE ELECTRIC TECHNOLOGIES PRIVATE LIMITED	Director	26/09/2008	19/01/2005	-	Amalgamated	NO
19	U85110MH2001PTC132960	TANCLEAN PRIVATE LIMITED	Director	01/04/2005	01/04/2005	31/07/2008	Active	NO
20	L20200MH1956PLC009899	JOLLY BOARD LIMITED	Director	25/07/2005	25/07/2005	-	Active	NO
21	U51505DL1997PTC089785	AVENTURA COMPONENTS PRIVATE LIMITED	Director	05/10/2005	05/10/2005	-	Active	NO
22	U40100MH2005PTC156964	POWER ENERGY CONSERVATION (INDIA) PRIVATE LIMITED	Director	21/10/2005	21/10/2005	-	Active	NO
23	U51505TN2005PTC057898	IGARASHI MOTORS SALES PRIVATE LIMITED	Director	31/10/2006	31/10/2006	-	Active	NO
24	L99999MH1982PLC026191	PRADEEP METALS LIMITED	Director	05/09/2008	14/04/2008	-	Active	NO
25	U24134MH1986PTC038671	POLYMERMANN (ASIA) PRIVATE LIMITED	Director	18/06/2010	20/11/2009	-	Active	NO
26	U85100DL2009PTC227463	HEALTHPOINT SERVICES INDIA PRIVATE LIMITED	Director	23/09/2011	12/09/2011	-	Active	NO
27	U80903HR2012NPL045688	INSPIRED LEADERSHIP GURUKUL	Director	20/04/2012	20/04/2012	-	Active	NO

Name :

Mr. Sunil Sugan Chand Ghorawat

Designation :

Director

Address :

HN 1507-A, Beverly Park II, DLF City, Gurgaon – 122002, Haryana, India

Date of Birth/Age :

20.09.1968

Date of Appointment :

15.03.2002

DIN No.:

00189277

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	U74899DL2000PTC105715	E A WATER PRIVATE LIMITED	Director	16/05/2000	16/05/2000	-	Active	NO
2	U60231DL2000PTC107593	VERA RESOURCES PRIVATE LIMITED	Director	07/09/2000	07/09/2000	22/09/2011	Active	NO
3	U74899DL2000PTC103848	NET HOLDINGS PRIVATE LIMITED	Director	21/01/2001	21/01/2001	-	Active	NO
4	U74899DL2001PTC111383	FONTUS WATER PRIVATE LIMITED	Managing director	01/05/2009	21/06/2001	-	Active	NO
5	U51505DL1997PTC089785	AVENTURA COMPONENTS PRIVATE LIMITED	Director	15/03/2002	15/03/2002	-	Active	NO
6	U85110MH2001PTC132960	TANCLEAN PRIVATE LIMITED	Director	01/04/2005	01/04/2005	31/07/2008	Active	NO
7	U74100MH2005PTC153125	ENVIROCLEAN VENTURES PRIVATE LIMITED	Director	09/05/2005	09/05/2005	31/07/2008	Active	NO
8	L36939DN1989PLC000377	NISSAN COPPER LIMITED	Director	06/11/2006	06/11/2006	02/03/2009	Active	NO
9	U74899DL1982PTC013405	DEKA CONSULTANTS PRIVATE LIMITED	Director	03/04/2007	03/04/2007	-	Active	NO
10	U40100MH2005PTC156964	POWER ENERGY CONSERVATION (INDIA) PRIVATE LIMITED	Additional director	02/12/2010	02/12/2010	-	Active	NO
11	U74140DL2011PTC219187	TAD ARTS PRIVATE LIMITED	Director	13/05/2011	13/05/2011	23/08/2011	Active	NO
12	U74994DL2011PTC219186	YA WE DO DESIGN PRIVATE LIMITED	Director	13/05/2011	13/05/2011	23/08/2011	Active	NO
13	U74140HR2011PTC043129	KARABI ARTWORKS PRIVATE LIMITED	Director	06/06/2011	06/06/2011	18/07/2011	Active	NO
14	U85100DL2009PTC227463	HEALTHPOINT SERVICES INDIA PRIVATE LIMITED	Director	23/09/2011	12/09/2011	-	Active	NO
15	U45400DL2010PTC211559	TERRA FIRMA DESIGNS PRIVATE LIMITED	Additional director	26/12/2011	26/12/2011	-	Active	NO
16	U73100MH2012NPL226204	INSTITUTE FOR ECONOMIC POLICY ANALYSIS AND RESEARCH	Director	19/01/2012	19/01/2012	-	Active	NO

Name :

Mr. Kamal Mathura Dutt Tiwari

Designation :

Director

Address :

House No. A-68, Sector - 14, Noida – 201 301, Uttar Pradesh, India

Date of Birth/Age :

17.11.1970

Date of Appointment :

06.03.2006

DIN No.:

00119385

Other Directorship :

c	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	U51505DL1997PTC089785	AVENTURA COMPONENTS PRIVATE LIMITED	Director	06/03/2006	06/03/2006	-	Active	NO
2	U74899DL1982PTC013405	DEKA CONSULTANTS PRIVATE LIMITED	Director	03/04/2007	03/04/2007	31/10/2011	Active	NO
3	U74899DL2001PTC111383	FONTUS WATER PRIVATE LIMITED	Director	09/07/2008	09/07/2008	-	Active	NO
4	U40100MH2005PTC156964	POWER ENERGY CONSERVATION (INDIA) PRIVATE LIMITED	Additional director	02/12/2010	02/12/2010	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Aarti
Designation :	Marketing Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON: 03.08.2011

Names of Shareholders	No. of Shares
Sunil Ghorawat	1062500
Kewal Krishan Nohria	1062500
Flashnet Info Solution India Limited, India	531250
TOTAL	2656250

Equity Share Break up (Percentage of Total Equity)

AS ON: 03.08.2011

Category	Percentage
Bodies corporate	20.00
Directors or relatives of directors	80.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of Water Treatment and Water Handling Components

Product :

Item Code No.	Product Descriptions
39251000	Reservoirs tanks, Vats and similar containers
84863000	Machines and Apparatus for the manufacture of flat panel display
84219900	Ro Membranes
59090090	FRP Membrane Housing

Exports :

Products :

Water Treatment and Water Handling Components

Countries :

European Countries

Terms :

Selling :

Cash and Credit (30 Days)

Purchasing :

Cash and Credit (30 Days)

GENERAL INFORMATION

Customers :

Wholesalers and Retailers

No. of Employees :

300 (Approximately) (In Office + In Factory)

Bankers :

· Union Bank of India, F 14/15, Connaught Pace, New Delhi - 110001, India

· Oriental Bank of Commerce, A-2/40 Safdarjung Enclave, New Delhi – 110029, India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2011	As on 31.03.2010
Cash Credit from Union Bank of India (Against Hypothication of Stock and Debtors)	50.140	30.417
Vehicle Loan from ICICI Bank (Against Hypothication of Car)	0.542	0.115
Total	50.682	30.532
Unsecured Loan	As on 31.03.2011	As on 31.03.2010
E. A. Water Private Limited	13.500	0.000
Total	13.500	0.000

Banking Relations :	--
Auditors :
Name :	O.P. Tulsyan and Company
Address :	B-27/5,(D-S),Near Raja Garden Flyovers Ramesh Nagar New Delhi India
PAN No.:	AAAFO0729Q
Group Associates :	· Fontus Water Limited · EA Water Private Limited · Deolalikar Consultants Private Limited
Related Parties :	· Co-Logix Systems Solutions Private Limited · Core-el Technologies Private Limited

CAPITAL STRUCTURE

As on: 03.08.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.1/- each	Rs. 5.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2656250	Equity Shares	Rs.1/- each	Rs.2.656 Millions

As on: 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.1/- each	Rs.5.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2578125	Equity Shares	Rs.1/- each	Rs.2.578 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		2.578	2.578	2.500
2] Share Application Money		0.016	0.016	1.500
3] Reserves & Surplus		40.924	27.606	13.266
NETWORTH		43.518	30.200	17.266
LOAN FUNDS
1] Secured Loans		50.682	30.532	29.919
2] Unsecured Loans		13.501	0.000	0.000
TOTAL BORROWING		64.183	30.532	29.919
DEFERRED TAX LIABILITIES		0.382	0.270	0.000
TOTAL		108.083	61.002	47.185
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		5.173	3.148	1.363
Capital work-in-progress		0.612	0.000	0.680
INVESTMENTS		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.006
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	62.254	39.325	36.694
	Sundry Debtors	92.475	71.153	30.109
	Cash & Bank Balances	8.533	7.449	6.556
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	28.671	12.697	9.979
Total Current Assets		191.933	130.624	83.338
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	66.648	53.893	28.795
	Other Current Liabilities	19.636	14.942	9.419
	Provisions	3.351	3.956	0.018
Total Current Liabilities		89.635	72.791	38.232
Net Current Assets		102.298	57.833	45.105
MISCELLANEOUS EXPENSES		0.000	0.021	0.030
TOTAL		108.083	61.002	47.185

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	418.917	298.874	213.833
		Other Income	1.826
		TOTAL	420.743	298.874	213.833
Less	EXPENSES
		Office Expenses	400.812	281.005	209.025
		Administrative Expenses
		Advertising Expenses
		TOTAL	400.812 (including Depreciation)	281.005	209.025
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION			17.869	4.808
Less/ Add	DEPRECIATION/ AMORTISATION			0.854	0.504
	PROFIT BEFORE TAX		19.931	17.015	4.304
Less	TAX		6.501	5.689	1.889
	PROFIT AFTER TAX		13.430	11.326	2.415
Add (Less)	DEFERRED TAX ASSETS ADJUSTMENT		(0.111)	(0.276)	0.026
Less	ADJUSTMENT OF TAX FOR EARLIER YEARS		0.000	0.148	0.000
	SURPLUS/ DEFICIT CARRIED TO BALANCE SHEET		13.319	10.902	2.441
	EARNINGS IN FOREIGN CURRENCY		9.236	13.790	10.452
	IMPORT VALUE		159.718	101.972	95.868
	Earnings Per Share (Rs.)		5.17	4.31	0.98

Particulars	31.03.2012
Sales Turnover (Approximately)	500.000

Expected Sales (2012-2013) : More than Rs.600.000 Millions

The above information has been parted by Ms. Aarti.

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	3.19	3.79	1.13
Net Profit Margin (PBT/Sales)	(%)	4.76	NA	NA
Return on Total Assets (PBT/Total Assets}	(%)	10.11	12.72	5.08
Return on Investment (ROI) (PBT/Networth)		0.46	0.56	0.25
Debt Equity Ratio (Total Liability/Networth)		3.53	3.42	3.95
Current Ratio (Current Asset/Current Liability)		2.14	1.79	2.18

LOCAL AGENCY FURTHER INFORMATION

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	Yes
9) Name of person contacted	Yes
10) Designation of contact person	Yes
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	Yes
15) Capital in the business	Yes
16) Details of sister concerns	Yes
17) Major suppliers	No
18) Major customers	No
19) Payments terms	Yes
20) Export / Import details (if applicable)	Yes
21) Market information	--
22) Litigations that the firm / promoter	--
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	Yes
30) Major Shareholders, if available	Yes

CURENT YEAR WORKING AND FUTURE OUTLOOK

The company has been able to strengthen its market position in water components space. They provide various components and equipments required for making water treatment, waste water treatment and water handling applications. The company has been constantly expanding its product offering and customer base.

Indian economy is growing rapidly; this growth is providing opportunities for industrial and commercial expansion in various sectors. Over the years, government spending on drinking water systems and creation of sewage treatment infrastructure has also increased significantly. This along with the increasing scarcity of water and decreasing water quality, water treatment opportunities are multiplying rapidly. Increasing demand for water treatment equipments for drinking water, industrial applications along with growth of overall building infrastructure is providing interesting opportunities to water components.

Indian water components industry still is very heavily dependent on imported technologies and products which is prone to cost pressure due to increasing cost of import freight and logistics, high import duties and currency fluctuations ,

The company's financial performance for the year is given above.

During the year the company generated a turnover of Rs.420.744 Millions which is 41% higher compared to Rs. 298.874 Millions in the previous year. The margins however remained under pressure.

Over the last few years, the company has become the most preferred supplier of water treatment components and equipments for OEMs (Original Equipment Manufacturers) in India. They supply equipments like FRP vessels, RO membranes, dosing pumps, membrane pressure vessels, ion exchange resins, hydropenumatic tanks and other high-quality components to over 800 OEMs spread across the country, which makes up more than 60% of the total universe.

2010-11 has been a year of expansion as Aventura has grown its business on various fronts. They have increased market penetration by introducing our presence in numerous new market locations. They have a dedicated sales and marketing team focused on these new customer bases and they have added over 150 new customers. They have also expanded our distribution and service infrastructure.

Aventura has become a well known brand in the components space. Aventura and Aventura owned brands now contribute 70% of the overall turnover of the company. They have also been able to convince many leading international manufacturers to supply products under our brand name because of our market position and volumes of sales; they have also broadened our product range by putting more emphasis on new items like Ro membranes, ion exchange resins, water treatment chemicals and valves.

Recognizing the growth in the wastewater treatment industry, Aventura has entered into the segment of wastewater treatment equipments to be supplied to contractors for municipal and industrial applications. A range of wastewater treatment equipments including thickeners, belt filter presses, centrifuges, UV equipments, self-cleaning filters and aerators would be sold to system-integrators across India.

Aventura is in a strong position as it enters the New Year. This string of new initiatives should help it to retain and strengthen its market leadership position in its segment. Company would continue to strengthen its market position through its deeper market penetration, brand recall and product expansion. They are looking at opening up doors for new opportunities for components and equipments in the areas of rural drinking water and waste water recycling equipments and pumps. They are also opening markets outside India for future expansion and growth.

They are confident of maintaining the growth momentum in coming years to become number One Water Components Company in India.

CONTINGENT LIABILITIES:

(Rs. In Millions)

Particulars	31.03.2011	31.03.2010
Guarantees Given by Bank	0.824	0.824
Letter of Credit Outstanding	45.425	7.431

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U51505DL1997PTC089785
Name of the company	AVENTURA COMPONENTS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	A-1/152, Neb Sarai, Main IGNOU Road New, Delhi – 110 068, India E-mail : sanjeet@ewgroup.in
This form is for	Creation of charge
Type of charge	Immovable property Book debts Others (Stocks, Stores and Spares)
Particular of charge holder	Oriental Bank of Commerce, A-2/40 Safdarjung Enclave, New Delhi – 110029, India E-mail : bm0369@obc.co.in
Nature of instrument creating charge	Agreement of hypothecation of Assets
Date of instrument Creating the charge	29.12.2011
Amount secured by the charge	Rs.20.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest 5.25% above base rate with a minimum of 16.00% p.a. with monthly rest, subject to changes in BR/Spread from time to time. Penal interest @ 2% p.a. over and above the rate on overdrawn portion Terms of Repayment One Year Margin 25% Extent and Operation of the charge As per attachment
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Hypothecation of stocks of raw materials, stock-in-process, finished goods, stores & spares and receivables Pledge of 122500 equity shares of Crompton Greaves Ltd in the name of Mr. K K Nohria Rs. 15.800 Millions EM of property at EHP-400-1-154 Emerald Hills Emmar MGF Land limited Sec 65 Gurgaon in the name of Mr Sunil Ghorawat RV Rs 25.500 Millions EM of property at Mouza Joka J L No 21 Touzi-No 64 Khatian No 92,93 DA No 99 Behla Thakurpurkur, Pagana Balia District 24 Pargana Kolkata in the name of Fontus Water Private Limited Rs.7.000 Millions FD kept with UBI ( to be shared in consortium ) Rs 1.500 Millions FDR to kept with OBC ( to be shared in consortium) Rs 5.000 Millions

FIXED ASSSETS:

· Computer

· Software

· Furniture and Fittings

· Car (Innova, Fortuner and Verna)

· Motor Cycle

· Office Equipment

· Scooter

· Plant and Machinery

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.42
UK Pound	1	Rs.86.04
Euro	1	Rs.68.61

INFORMATION DETAILS

Information Gathered by :	JML
Report Prepared by :	BSN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--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	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		49

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.