MIRA INFORM REPORT

Report Date :

26.07.2012

IDENTIFICATION DETAILS

Name :	SAFAL REALTORS AND DEVELOPERS PRIVATE LIMITED (w.e.f. 03.04.2008)
Formerly Known As :	SYMBOL PROPERTIES PRIVATE LIMITED
Registered Office :	204, Chandra Mahal, Room No.23, 2^nd Floor, Thakurdwar, Mumbai-400002, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	29.07.1992
Com. Reg. No.:	11-067930
Capital Investment / Paid-up Capital :	Rs. 1.000 Million
CIN No.: [Company Identification No.]	U99999MH1992PTC067930
TAN No.: [Tax Deduction & Collection Account No.]	MUMS60464F
PAN No.: [Permanent Account No.]	AABCS8998R
Legal Form :	Private Limited Liability Company
Line of Business :	The subject is engaged in business of builders, contractors, erectors constructors of building, houses, apartments, structures for residential, industrial, commercial etc.
No. of Employees :	Not Available

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 :	Moderate
Payment Behaviour :	Slow and Delayed
Litigation :	Clear
Comments :	Subject is a company having moderate track. Financial position of the company is under severe pressure. Accumulated losses are recorded by the company. Business is active. Payments are reported to be slow and delayed. Initially the company can be considered for business dealings on a safe and secured trade terms and conditions.

NOTES :

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

ECGC Country Risk Classification List – June 30, 2012

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

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

LOCATIONS

Registered Office :	204, Chandra Mahal, Room No.23, 2^nd Floor, Thakurdwar, Mumbai-400002, Maharashtra, India
Tel. No.:	91-22-27891328
Fax No.:	91-22-67910886
E-Mail :	patel_ps@rediffmail.com
Admin Office :	232/233, Big Splash, Plot No.78/79, Sector 17, Navi Mumbai-400703, Maharashtra, India
Tel. No.:	91-22-27891165

DIRECTORS

AS ON 30.09.2011

Name :	Mr. Laxmichand Damji Chheda
Designation :	Director
Address :	207, Bulphose Co-operative Housing Society, Plot No.27, Sector-9-A, Vashi, Navi Mumbai-400703, Maharashtra, India
Date of Birth/Age :	06.04.1954
Date of Appointment :	30.10.1994
PAN No.:	AACPC8718M
DIN No.:	00801282

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	U51900MH1987PTC042357	SUBHAM COMMERCIAL ENTERPRISES PRIVATE LIMITED	Director	25/09/1989	25/09/1989	-	Active	NO
2	U99999MH1992PTC065596	RUCHIK REALTORS PRIVATE LIMITED	Director	25/02/1992	25/02/1992	-	Active	NO
3	U99999MH1992PTC066316	SUDRADH CONSTURCTIONS PRIVATE LIMITED	Director	25/11/1992	25/11/1992	-	Active	NO
4	U45200MH1992PTC065526	SAFAL DEVELOPERS PRIVATE LIMITED	Director	04/01/1993	04/01/1993	26/04/2011	Active	NO
5	U67120MH1994PTC077641	TEXON INVESTMENT AND FINANCE PRIVATE LIMITED	Director	18/04/1994	18/04/1994	-	Active	NO
6	U99999MH1992PTC067930	SAFAL REALTORS AND DEVELOPERS PRIVATE LIMITED	Director	30/10/1994	30/10/1994	-	Active	NO
7	U99999MH1984PTC032012	MITHA ESTATES PRIVATE LIMITED	Director	01/03/1999	01/03/1999	-	Active	NO
8	U50100MH1992PTC065887	NITIN TRADERS PRIVATE LIMITED	Director	01/03/1999	01/03/1999	-	Active	NO
9	U45201MH2000PTC129738	PILOT CONSTRUCTIONS PRIVATE LIMITED	Director	20/08/2001	20/08/2001	27/02/2010	Active	NO
10	U45200MH2006PTC161250	INTEGRATED HOME SOLUTIONS PRIVATE LIMITED	Director	20/04/2006	20/04/2006	03/06/2009	Active	NO
11	U30007MH1997PTC110420	VISHRUT INFOTECH PRIVATE LIMITED	Director	15/04/2008	15/04/2008	-	Active	NO
12	U67120MH2000PTC128239	MEENA SECURITIES PRIVATE LIMITED	Director	30/09/2011	30/12/2010	-	Active	NO

Name :	Ms. Hansa Laxmichand Chheda
Designation :	Director
Address :	207, Bulphose Co-operative Housing Society, Plot No.27, Sector-9-A, Vashi, Navi Mumbai-400703, Maharashtra, India
Date of Birth/Age :	07.05.1960
Date of Appointment :	22.10.1996
PAN No.:	AACPC8713A
DIN No.:	00801200

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	U99999MH1992PTC067930	SAFAL REALTORS AND DEVELOPERS PRIVATE LIMITED	Director	22/10/1996	22/10/1996	-	Active	NO
2	U99999MH1992PTC065596	RUCHIK REALTORS PRIVATE LIMITED	Director	30/05/1997	30/05/1997	-	Active	NO
3	U99999MH1984PTC032012	MITHA ESTATES PRIVATE LIMITED	Director	01/03/1999	01/03/1999	-	Active	NO
4	U50100MH1992PTC065887	NITIN TRADERS PRIVATE LIMITED	Director	01/03/1999	01/03/1999	-	Active	NO
5	U45200MH1992PTC065526	SAFAL DEVELOPERS PRIVATE LIMITED	Director	01/05/1999	01/05/1999	26/04/2011	Active	NO
6	U45200MH1990PTC058675	RAJKAMAL REALTORS PRIVATE LIMITED	Director	15/01/2001	15/01/2001	-	Active	NO
7	U45201MH2000PTC129738	PILOT CONSTRUCTIONS PRIVATE LIMITED	Director	20/08/2001	20/08/2001	27/02/2010	Active	NO
8	U67120MH1994PTC077641	TEXON INVESTMENT AND FINANCE PRIVATE LIMITED	Director	01/11/2007	01/11/2007	-	Active	NO
9	U51900MH1987PTC042357	SUBHAM COMMERCIAL ENTERPRISES PRIVATE LIMITED	Director	05/12/2009	05/12/2009	-	Active	NO
10	U99999MH1992PTC066316	SUDRADH CONSTURCTIONS PRIVATE LIMITED	Director	05/12/2009	05/12/2009	-	Active	NO

Name :	Mr. Ruchik Laxmichand Chheda
Designation :	Director
Address :	207, Bulphose Co-operative Housing Society, Plot No.27, Sector-9-A, Vashi, Navi Mumbai-400703, Maharashtra, India
Date of Birth/Age :	12.07.1981
Date of Appointment :	04.01.2011
PAN No.:	ADZPC4284E
DIN No.:	00801252

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	Company/ LLP Status	Defaulting status
1	U45200MH1990PTC058675	RAJKAMAL REALTORS PRIVATE LIMITED	Director	15/01/2001	15/01/2001	Active	NO
2	U99999MH1992PTC067930	SAFAL REALTORS AND DEVELOPERS PRIVATE LIMITED	Director	04/01/2011	04/01/2011	Active	NO

Name :	Mr. Nimit Laxmichand Chheda
Designation :	Director
Address :	207, Bulphose Co-operative Housing Society, Plot No.27, Sector-9-A, Vashi, Navi Mumbai-400703, Maharashtra, India
Date of Birth/Age :	22.03.1987
Date of Appointment :	04.01.2011
DIN No.:	03370200
Name :	Mr. Anshul Tulsi Bhimjyani
Designation :	Director
Address :	284 Maneka, Petit Hall, Nepean Sea Road, Mumbai-400006, Maharashtra, India
Date of Birth/Age :	03.08.1980
Date of Appointment :	04.01.2011
DIN No.:	00160081

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	U45200MH1994PTC079536	NEELKANTH REALTORS PRIVATE LIMITED	Director	16/08/2003	16/08/2003	16/10/2008	Active	NO
2	U65999MH2004PTC144113	PEGASUS ASSETS RECONSTRUCTION PRIVATE LIMITED	Whole-time director	09/02/2007	20/01/2004	-	Active	NO
3	U67120MH1994PTC077672	PEGASUS ADVISORY SERVICES PRIVATE LIMITED	Director	24/09/2004	24/09/2004	-	Active	NO
4	U51900MH1991PTC059811	BADRINATH TRADING P LIMITED	Director	05/03/2005	05/03/2005	31/12/2010	Active	NO
5	U15310MH2005PTC154409	R TULSIDAS AGROPRODUCTS PRIVATE LIMITED	Director	01/07/2005	01/07/2005	25/10/2010	Active	NO
6	U01100MH1987PTC043583	BHARAT FOAMCAST PRIVATE LIMITED	Director	20/12/2005	20/12/2005	-	Active	NO
7	U45200MH2006PTC160753	NEELKANTH WOODS AND CONSTRUCTION PRIVATE LIMITED.	Director	27/03/2006	27/03/2006	-	Active	NO
8	U70109MH2006PTC160795	NEELKANTH LAND DEVELOPERS PRIVATE LIMITED.	Director	28/03/2006	28/03/2006	-	Active	NO
9	U70102MH2006PTC164030	NEELKANTH TOWNSHIP AND CONSTRUCTION PRIVATE LIMITED	Director	24/08/2006	24/08/2006	19/01/2011	Active	NO
10	U70101MH2006PTC166216	NEELKANTH PALM REALTY PRIVATE LIMITED	Director	14/12/2006	14/12/2006	25/10/2010	Active	NO
11	U70102MH2006PTC162881	NEELKANTH REALTY PRIVATE LIMITED	Director	19/12/2006	19/12/2006	02/05/2011	Active	NO
12	U70102MH2006PTC166336	PARKWAY REALTY PRIVATE LIMITED	Director	19/12/2006	19/12/2006	30/03/2010	Active	NO
13	U45201MH2006PTC166469	LIGHTHOUSE DEVELOPERS PRIVATE LIMITED	Director	26/12/2006	26/12/2006	02/05/2011	Active	NO
14	U70200MH2007PTC166799	NEELKANTH LIFE STYLE PRIVATE LIMITED	Director	30/01/2007	30/01/2007	25/10/2010	Active	NO
15	U51909MH2007PTC167430	CENTRAL COLD CHAIN PRIVATE LIMITED	Director	31/01/2007	31/01/2007	-	Active	NO
16	U74999MH2007PTC168778	NEELKANTH SHOPPING MALLS PRIVATE LIMITED	Director	15/03/2007	15/03/2007	25/10/2010	Active	NO
17	U45400MH2007PTC169718	FRONTIER AGRI PROPERTIES PRIVATE LIMITED	Director	05/04/2007	05/04/2007	25/10/2010	Active	NO
18	U45200MH2007PTC169385	TITAN AGRI DEVELOPERS PRIVATE LIMITED	Director	09/04/2007	09/04/2007	25/10/2010	Active	NO
19	U45400MH2007PTC169815	PARKWAY PROPERTIES PRIVATE LIMITED	Director	10/04/2007	10/04/2007	30/10/2009	Active	NO
20	U45400MH2007PTC171907	CENTURY AGRO FARMS LAND PRIVATE LIMITED	Director	26/06/2007	26/06/2007	25/10/2010	Active	NO
21	U45400MH2007PTC171909	VENICE LAND PRIVATE LIMITED	Director	26/06/2007	26/06/2007	-	Active	NO
22	U45400MH2007PTC171908	ATLANTA LAND PRIVATE LIMITED	Director	26/06/2007	26/06/2007	-	Active	NO
23	U45201MH2007PTC172094	ORANGE LAND PRIVATE LIMITED	Director	03/07/2007	03/07/2007	-	Active	NO
24	U45200MH2007PTC172854	DOMINION INFRASTRUCTURE AND DEVELOPMENT COMPANY PRIVATE LIMITED	Director	02/08/2007	02/08/2007	-	Active	NO
25	U45400MH2007PTC175336	NEELKANTH RESIDENTIAL DEVELOPMENT PRIVATE LIMITED	Director	24/10/2007	24/10/2007	-	Active	NO
26	U45202MH2007PTC176565	LAKEVIEW LAND PRIVATE LIMITED	Director	07/12/2007	07/12/2007	30/10/2009	Active	NO
27	U45202MH2007PTC176564	LAKESIDE PROPERTIES PRIVATE LIMITED	Director	07/12/2007	07/12/2007	30/10/2009	Active	NO
28	U74900MH2007PTC176879	TIGER WAREHOUSING PRIVATE LIMITED	Director	18/12/2007	18/12/2007	-	Active	NO
29	U45202MH2007PTC176878	NEELKANTH AGRI VILLAS PRIVATE LIMITED	Director	18/12/2007	18/12/2007	25/10/2010	Active	NO
30	U45202MH2007PTC176877	NEELKANTH CITIES PRIVATE LIMITED	Director	18/12/2007	18/12/2007	25/10/2010	Active	NO
31	U45202MH2007PTC176876	MOUNTAIN VIEW AGRI ESTATES PRIVATE LIMITED	Director	18/12/2007	18/12/2007	25/10/2010	Active	NO
32	U45202MH2007PTC176919	MOUNTAIN VIEW DEVELOPERS PRIVATE LIMITED	Director	19/12/2007	19/12/2007	19/02/2010	Active	NO
33	U74999MH2008PTC177932	TIGER WAREHOUSING COLD PRIVATE LIMITED	Director	18/01/2008	18/01/2008	-	Active	NO
34	U70102MH2008PTC177928	FRONTIER REALTY PRIVATE LIMITED	Director	18/01/2008	18/01/2008	-	Active	NO
35	U70102MH2008PTC177962	METROPOLITAN REALTORS PRIVATE LIMITED	Director	18/01/2008	18/01/2008	30/09/2010	Active	NO
36	U70102MH2008PTC177960	GRANTVIEW PROPERTIES PRIVATE LIMITED	Director	18/01/2008	18/01/2008	01/11/2009	Active	NO
37	U70102MH2008PTC177980	CONCORD REALTY PRIVATE LIMITED	Director	19/01/2008	19/01/2008	01/11/2009	Active	NO
38	U70200MH2008PTC178067	AMITY PROPERTIES PRIVATE LIMITED	Director	21/01/2008	21/01/2008	25/10/2010	Active	NO
39	U45202MH2008PTC178119	PARAMOUNT TOWNSHIP PRIVATE LIMITED	Director	22/01/2008	22/01/2008	-	Active	NO
40	U70102MH2008PTC178117	BHIMJAYANI ESTATE PRIVATE LIMITED	Director	22/01/2008	22/01/2008	-	Active	NO
41	U45203MH2008PTC178111	GOLD LEAF INFRASTRUCTURE PRIVATE LIMITED	Director	22/01/2008	22/01/2008	-	Active	NO
42	U70102MH2008PTC178121	APPLE LAND DEVELOPMENT PRIVATE LIMITED	Director	22/01/2008	22/01/2008	30/03/2010	Active	NO
43	U45203MH2008PTC178120	ROSE LAND INFRASTRUCTURE PRIVATE LIMITED	Director	22/01/2008	22/01/2008	25/10/2010	Active	NO
44	U70102MH2008PTC179773	ROYAL PALM ESTATES PRIVATE LIMITED	Director	07/03/2008	07/03/2008	-	Active	NO
45	U74900MH2010PTC205190	PEGASUS RESOLUTION SERVICES PRIVATE LIMITED	Director	02/07/2010	02/07/2010	-	Active	NO
46	U99999MH1992PTC067930	SAFAL REALTORS AND DEVELOPERS PRIVATE LIMITED	Director	04/01/2011	04/01/2011	-	Active	NO
47	U01100MH1987PTC042508	TIGER WAREHOUSING COLD CHAIN PRIVATE LIMITED	Additional director	01/03/2011	01/03/2011	-	Active	NO
48	U70100MH2011PTC222048	RAVECHI INFRASTRUCTURE PROJECTS PRIVATE LIMITED	Director	15/09/2011	15/09/2011	-	Active	NO
49	U70102MH2007PTC174643	SUBURBIA REALTORS PRIVATE LIMITED	Additional director	08/11/2011	08/11/2011	-	Active	NO
50	AAA-3368	GOLD LEAF INFRAESTATE LLP	Designated Partner	11/01/2011	11/01/2011	-	Active	NO
51	AAA-3480	PEGASUS HOMESTATE LLP	Designated Partner	20/01/2011	20/01/2011	-	Active	NO
52	AAA-3483	PANTHEON PROJECT INDIA LLP	Designated Partner	20/01/2011	20/01/2011	-	Active	NO
53	AAA-3485	NEELKANTH PROPINFRA LLP	Designated Partner	20/01/2011	20/01/2011	-	Active	NO
54	AAA-3952	NEELKANTH PROPESTATE LLP	Designated Partner	01/03/2011	01/03/2011	-	Active	NO

Name :	Mr. Devang Tulsi Bhimjyani
Designation :	Director
Address :	284 Maneka, Petit Hall, Nepean Sea Road, Mumbai-400006, Maharashtra, India
Date of Birth/Age :	06.05.1986
Date of Appointment :	04.01.2011
DIN No.:	01183935

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	U67120MH1994PTC079367	TORAL SECURITIES PRIVATE LIMITED	Director	29/09/2006	29/09/2006	01/10/2010	Active	NO
2	U74900MH2010PTC205190	PEGASUS RESOLUTION SERVICES PRIVATE LIMITED	Director	02/07/2010	02/07/2010	-	Active	NO
3	U99999MH1992PTC067930	SAFAL REALTORS AND DEVELOPERS PRIVATE LIMITED	Director	04/01/2011	04/01/2011	-	Active	NO
4	U01100MH1987PTC042508	TIGER WAREHOUSING COLD CHAIN PRIVATE LIMITED	Additional director	01/07/2011	01/07/2011	-	Active	NO
5	U70100MH2011PTC222048	RAVECHI INFRASTRUCTURE PROJECTS PRIVATE LIMITED	Director	15/09/2011	15/09/2011	-	Active	NO
6	AAA-3368	GOLD LEAF INFRAESTATE LLP	Designated Partner	11/01/2011	11/01/2011	-	Active	NO
7	AAA-3480	PEGASUS HOMESTATE LLP	Designated Partner	20/01/2011	20/01/2011	-	Active	NO
8	AAA-3483	PANTHEON PROJECT INDIA LLP	Partner	10/03/2011	20/01/2011	-	Active	NO
9	AAA-3485	NEELKANTH PROPINFRA LLP	Designated Partner	20/01/2011	20/01/2011	-	Active	NO
10	AAA-3952	NEELKANTH PROPESTATE LLP	Designated Partner	01/03/2011	01/03/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2011

Names of Shareholders	No. of Shares
Harakchand Nanji Savla	200
Hansa Laxmichand Chheda	2000
Meena Rajendra Chheda	400
Mukesh Damji Chheda	205
Laxmichand Damji Chheda	2195
Leena Tulsi Bhimijiyani	1250
Nehal Tulsi Bhimijiyani	1250
Anshual Tulsi Bhimijiyani	1250
Devang Tulsi Bhimijiyani	1250
TOTAL	10000

AS ON 30.09.2011

Equity Shares Break Up	Percentage of Holding
Directors or relatives of Directors	100.00
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

The subject is engaged in business of builders, contractors, erectors constructors of building, houses, apartments, structures for residential, industrial, commercial etc.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Kotak Mahindra Bank Limited

· Punjab and Maharashtra Co-operative Bank

· Indusland Bank

Facilities :

Unsecured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Anshul Tulsi Bhimiyani	17.500	0.000
Gancons	0.000	0.040
Sudradh Construction Private Limited	0.000	2.402
Texon Investment and Finance Private Limited	0.060	0.000
Total	17.560	2.442

Banking Relations :	--
Auditors :
Name :	S B Gandhi and Company Chartered Accountant
Address :	32-B, Khotachi Wadi, J S S Road, Girgaum, Mumbai-400004, Maharashtra, India
PAN No.:	AABPG0479J

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.100/- each	Rs. 1.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.100/- each	Rs. 1.000 Million

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		1.000	0.500	0.500
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.000	0.000	0.000
4] (Accumulated Losses)		(0.157)	(0.235)	0.000
NETWORTH		0.843	0.265	0.500
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		17.560	2.442	2.830
TOTAL BORROWING		17.560	2.442	2.830
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		18.403	2.707	3.330
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.000	0.000	0.000
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.065	0.050	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	0.000	0.000	0.000
	Cash & Bank Balances	0.227	0.086	0.294
	Other Current Assets	0.858	2.486	0.800
	Loans & Advances	17.729	0.520	2.460
Total Current Assets		18.814	3.092	3.554
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.048	0.006	0.005
	Other Current Liabilities
	Provisions	0.428	0.429	0.429
Total Current Liabilities		0.476	0.435	0.434
Net Current Assets		18.338	2.657	3.120
MISCELLANEOUS EXPENSES		0.000	0.000	0.210
TOTAL		18.403	2.707	3.330

PROFIT & LOSS ACCOUNT

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
SALES
	Income	NA	NA	NA
	Other Income
	TOTAL	NA	NA	NA
NET PROFIT		0.078	(0.025)	(0.015)

KEY RATIOS

PARTICULARS	31.03.2011	31.03.2010	31.03.2009
Debt Equity Ratio (Total Liability/Networth)	21.40	10.86	6.53
Current Ratio (Current Asset/Current Liability)	39.53	7.11	8.19

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	No
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	-----
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	-----
22]	Litigations that the firm / promoter involved in	-----
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
31]	PAN of Proprietor/Partner/Director, if available	Yes
32]	Passport No of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No

FINANCIAL RESULTS

The company has earned net profit of Rs. 0.078 million during the financial year 2010-2011.

OPERATIONS

The Directors are hopeful for the activities in the near future.

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. 56.37
UK Pound	1	Rs. 87.44
Euro	1	Rs. 68.04

INFORMATION DETAILS

Report Prepared by :

DPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	1
OPERATING SCALE	1~10	1
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	1
--PROFITABILIRY	1~10	1
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	--
--CREDIT LINES	1~10	1
--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		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.