MIRA INFORM REPORT

Report Date :

13.06.2012

IDENTIFICATION DETAILS

Name :	SYMBIOSIS CENTRE FOR INFORMATION TECHNOLOGY
Registered Office :	Symbiosis International University, Plot No.15, Rajiv Gandhi Infotech Park, Phase 1, Symbiosis Infotech Campus, MIDC, Hinjewadi, Pune – 411057, Maharashtra
Country :	India
Year of Establishment :	1999
Capital Investment / Paid-up Capital :	Not Divulged
Legal Form :	Educational Institutions
Line of Business :	Educational Institutions
No. of Employees :	1000 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Status :	Satisfactory
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is one of India’s leading educational Institutions having satisfactory track. Subject Symbiosis runs 32 academic institutions in Pune. Directors are experienced and respectable in the field of education. Business is active. Payments are regular. The institute can be considered normal for business dealings at usual trade terms and conditions.

NOTES:

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

ECGC Country Risk Classification List – 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 (GENERAL INFORMATION)

Name :	Mr. Suresh
Designation :	Admin Officer
Contact No.:	91-20-22934308
Date :	11.06.2012

LOCATIONS

Registered Office :	Symbiosis International University, Plot No.15, Rajiv Gandhi Infotech Park, Phase 1, Symbiosis Infotech Campus, MIDC, Hinjewadi, Pune – 411057, Maharashtra, India
Tel. No.:	91-20-22934308/ 4309/ 4310
Fax No.:	91-20-22934312
E-Mail :	director@scit.edu admission@scit.edu enquiry@scit.edu placement@scit.edu interns@scit.edu recruit@scit.edu
Website :	http://www.siu.edu
Branch Office 1:	95/1, 95/2, Electronics City, Phase – 1, Hosur Road, Bengaluru – 560100, Karnataka, India
Tel. No.:	91-80-67139452
Branch Office 2:	Plot No.A-23, Shravan Sector, New CIDCO, Nashik – 422008, Maharashtra, India
Tel. No.:	91-253-2376107/ 2376108
Email :	campusadmin@siom.in
Branch Office 3:	Plot No.47/48, Block ‘A’, Sector 62, Noida – 201301, Uttar Pradesh, India
Tel. No.:	91-120-2405063

MANAGEMENT

Name :

Dr. S. B. Mujumdar

Designation :

President and Founder Director

Name :

Dr. Vidya Yeravdekar

Designation :

Principal Director

Name :

Mrs. S. S. Mujumdar

Designation :

Founder Member

Name :

Mrs. Swati Mujumdar

Designation :

Member

Name :

Dr. C. R. Patil

Designation :

Member

Name :

Dr. S. S. Ghali

Designation :

Member

Name :

Mrs. Sanjeevani. S. Patil

Designation :

Member

Name :

Dr. A. V. Sangamnerkar

Designation :

Member

Name :

Dr. Nitin Unkule

Designation :

Member

Name :

Dr. Rajiv Yeravdekar

Designation :

Member

Name :

Dr. R. Raman

Designation :

Director

Name :

Dr. Bhushan Patwardhan

Designation :

Vice Chancellor of SIU

Name :

Mr. Suresh

Designation :

Admin Officer

Symbiosis Planning and Development Board :

· Dr. S.B. Mujumdar

Chancellor, Symbiosis International University, President and Founder Director

· Dr. Bhushan Patwardhan

Vice Chancellor, Symbiosis International University

· Dr. Vidya Yeravdekar

Principal Director, Symbiosis Society Executive Director, Centre for International Education, Symbiosis International University

· Mr. J.N. Desai

Member, Ex-Vice President, HR, Bharat Forge Limited

· Mr. Pradeep Bhargava

Member, Managing Director, Cummins Generator Technologies India Limited

· Adv. B.R. Ranade

Member, Senior Advocate and Legal Advisor, Symbiosis

· Mr. S. K. Jain

Member, Chairman and Managing Director, Synergy Private Limited

· Mr. P.J. Lavakare

Member, Former Executive Director, USEFI

· Mr. Prakash Shah

Member, Former Indian Ambassador

· Dr. Arun Nigvekar

Member, Former Chairman, University Grants Commission

· Dr. M.A. Tutakane

Member

Symbiosis International University :

BOARD OF MANAGEMENT MEMBERS OF SIU :

A	Vice Chancellor Dr. Bhushan Patwardhan Chairman
B	Deans of Faculties not exceeding two (by rotation based on seniority) 1. Dr. Rajiv Yeravdekar 2. Dr. Shashikala Gurpur
C	Three eminent academicians as nominated by the Chancellor 1. Prof. Sanjay Dhande 2. Prof. Madhav Deo 3. Dr. Vijay Kelkar
D	One eminent academician to be nominated by Central Government in consultation with UGC 1. Dr. S. C. Vats
E	Two Directors (From Directors, Professors, Associate Professors) by rotation based on seniority to be nominated by the Vice Chancellor 1. Dr. Rajani Gupte 2. Dr. T. P. Singh
F	Nominee of Sponsoring Body not exceeding two 1. Dr. Vidya Yeravdekar 2. Ms. Swati Mujumdar
G	The Registrar who shall be the Secretary Mrs. Madhu Sharma

ACADEMIC COUNCIL MEMBERS OF SIU

A	Vice Chancellor
	Dr. Bhushan Patwardhan	Chairman
B	Deans of Faculties	Members
	1. Dr. Mrs. Shashikala Gurpur 2. Dr. Mrs. Rajani Gupte 3. Brig. (Retd.) K. Khanzode 4. Dr. Rajiv Yeravdekar 5. Mr. Chandan Chatterjee 6. Dr. Jyoti Chandiramani 7. Dr. T. P. Singh	Faculty of Law Faculty of Management Faculty of Computer Studies Faculty of Health Sciences Faculty of Media, Communication & Design Faculty of Humanities and Social Sciences Faculty of Engineering
D	Directors of the Constituent Institute; (not exceeding ten by rotation of seniority to be nominated by the Vice-Chancellor);
	1. Dr. Vivek Sane 2. Dr. R. Raman 3. Mr. Lalit Kathpalia 4. Mr. K. Subramaniam 4. Dr. Bhama Venkatramani 5. Mr. Shirish Sahasrabuddhe 6. Dr. C. J. Rawandale 7. Mr. Vinay Mundada 8. Dr. Aupama Suresh 9. Mrs. Maya Chakravorthy	SIBM SCIT SICSR SCMHRD SSBM ELTIS SLS SID SCMS(UG) SIMC
E	Ten Professors other than the Heads of the Constituent Institutes (by rotation of seniority to be nominated by the Vice-Chancellor)
	1. Prof. D. M. Deshpande 2. Mr. Laxman S. Bhargav 3. Dr. B. R. Londhe 4. Dr. N. S. Ingale 5. Dr. Narayan R. Pisharoty 6. Dr. Urvashi Rathod 7. Dr. V. Eshwar Anand 8. Dr. Asha Nagendra 9. Dr. Subasheesh Bhattacharya 10. Dr. Rekha Ogale	SIMS SIT SIMS SIIB SIT SCIT SIMC SIMS SIIB SCON
F	Three Associate Professors from the Constituent Institutes other than the Heads of the Departments by rotation of seniority to be nominated by the Vice Chancellor)
	1. Dr. Bindu Ronald 2. Dr. T. P. Singh 3. Mr. Vijay Kumar Bharathi	SLS SIG SCIT
G	Three Assistant Professors from the Constituent Institutes by rotation of seniority to be nominated by the Vice Chancellor)
	1. Mr. Manohar Desai 2. Mrs. Sanjivini Maral 3. Dr. Anushree Paul	SID SIHS SSE
H	Three persons from amongst educationists of repute or persons from any other field related to the activites of the University who are not in the service of the University, nominated by the Vice-Chancellor;
	1. Dr. Ashok Joshi 2. Prof. A. D. Saharabuddhe 3. Prof Rajas Parchure	Indsearch, Pune Director, COEP, Pune Officiating Director, GIPE, Pune
I	Three persons who are not members of the teaching staff, co-opted by the Academic Council for their specialized knowledge
	1. Dr. S. S. Thigale 2. Dr. Raj Hirwani 3. Dr. Gururaj Mutalik	Director SPA Head, URDIP, Pune Former Director, WHO, New York
J	Registrar, Symbiosis International University
	Mrs. Madhu Sharma	Registrar

FINANCE COMMITTEE

A	Vice Chancellor
	Dr. Bhushan Patwardhan	Chairman
B	Dean Academics
	Dr. Anil Keskar	Member
C	One person nominated by the sponsering body
	Mr. S. K. Jain	Member
D	Two nominees of the Board of Management, one of whom shall be a member of the Board
	Mr. Deepak Gogate Dr. Mrs. Vidya Yeravdekar	Member Member
E	A representative of the Central Government
	Vacant
F	Two members nominated by the Vice Chancellor
	Mr. K.Subramaniam Mr. Sunil Patil	Director, SCMHRD Member Director, SITM Member
G	Finance Officer
	Mrs. Neela Apte	Secretary

PLANNING & MONITORING BOARD

A	Vice Chancellor
	Dr. Bhushan Patwardhan	Chairman
B	Internal Members
	Dr. Vidya Yeravdekar Dr. Anil Keskar Brig. (Retd). K. Khanzode Dr. T. P. Singh Dr. Bhama Venkatramani Dr. R. Raman	Principal Director, Symbiosis Dean, Academics Dean, Faculty of Computer Studies Dean, Faculty of Engineering Director, SSBM Director, SCIT
C	External Members
	Dr. Arun Nigvekar Dr. Bharat Bhushan Mr. Anand Deshpande	Former Chairman, UGC Dean (Academic) and Secretary , YASHADA Founder and CEO , Persistent System
D	Secretary
	Mrs. Madhu Sharma	Registrar

Symbiosis Centre for Information Technology :

SCIT ADVISORY BOARD

· Dr. Vidya Yeravdekar, Principal Director, Symbiosis, Pune

· Mr. Vibhuti Kumar Dubey, Vice President, Infosys Technologies

· Mr. Vipin Tyagi, Director-I C-DOT

· Dr. R. Raman, Director, Symbiosis Centre for Information Technology

· Mr. Nitin Deshpande, President, Allscripts India

· Mr. Navin Kumar Agarwal, Partner KPMG and Executive Director KPMG Advisory Services Private Limited

· Mr. Ganesh Natarajan, Vice Chairman and CEO, Zensar Technologies Limited

· Ms. Shaila Kagal, Symbiosis

· Mr. Partha Iyengar, Vice President, Distinguished Analyst, Regional Research Director

SCIT BOARD OF STUDIES

· Dr. R Raman, Director SCIT, Chairman

· Mr. S.N. Agarwal, Advisor, Neilsoft Limited, Member

· Dr. Parag Kulkarni, Founder Director and Chief Scientist, EKLaT Research, Pune, Member

· Professor Pradnya Purandare, Assistant Professor, SCIT, Member

· Professor Vijay Kumar Bharathi, Associate Professor, SCIT, Member

· Mrs. Suprika Srivastava, Assistant Professor, SCIT, Member

BUSINESS DETAILS

Line of Business :	Educational Institutions
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

No. of Employees :	1000 (Approximately)
Bankers :	· Bank of India Pune. Maharashtra, India

Banking Relations :	--
Auditors :
Name :	Sharad Shah and Company Chartered Accountant
Address :	Pune. Maharashtra, India

CAPITAL STRUCTURE

NOT DIVULGED

FINANCIAL DATA

[all figures are in Rupees Millions]

NOT DIVULGED

The above information has been declined by Mr. Suresh.

LOCAL AGENCY FURTHER INFORMATION

Check list by info Agents	Available in Report (Yes/ No)
Year of Establishment	Yes
Locality of the Firm	Yes
Constitution of the Firm	Yes
Premises details	No
Type of Business	Yes
Line of Business	Yes
Promoter’s Background	No
No. of Employees	Yes
Name of Person Contacted	Yes
Designation of Contact person	Yes
Turnover of Firm for last three years	No
Profitability for last three years	No
Reasons for variation <> 20%	-----
Estimation for coming financial year	No
Capital in the business	No
Details of sister concerns	No
Major Suppliers	No
Major Customers	No
Payments Terms	Yes
Export/ Imports Details (If applicable)	No
Market Information	-----
Litigations that the firm/ Promoters Involved in	-----
Banking details	Yes
Banking Facility Details	No
Conduct of the Banking Account	-----
Buyer visit details	-----
Financials, if provided	No
Incorporation details is applicable	No
Last Accounts filed at ROC	No
Major Shareholders, if available	No

PROFILE:

Symbiosis is an educational institutions imparting quality education for over 30 years.

Symbiosis is a family of 32 academic institutions spread across eight campuses in and around Pune, sister city to Mumbai - India's commercial capital, and is host to over 30,000 Indian and international students on campus.

These campuses epitomize the Symbiosis motto, "Promoting International Understanding through Quality Education" and are a beehive of international students from all across the globe, being privy to Indian culture and hospitality. Many of these campuses are fully residential complete with recreational facilities that include swimming pools, amphitheatres and health care centers. Besides this, Symbiosis has over 80,000 students participating in its distance learning programmes.

DR. S. B. MUJUMDAR

President and Founder Director

In 1971, Dr. S.B. Mujumdar established the Symbiosis International Cultural and Educational Centre in Pune primarily to promote friendship, co-operation and understanding between foreign and Indian students and to cater to the needs and difficulties of foreign students studying in Pune, mostly Afro-Asian students. Since then, he has established 32 institutions under the aegis of 'Symbiosis' that impart training in 100 different courses ranging from KG, Primary, Secondary Education to Law, Human Resource Development, Foreign Trade, Management, Computer, Arts and Commerce, Mass Communication, Telecommunication, Information Technology etc. Symbiosis today is a premier educational group in Pune and possesses exceptional brand equity in the sphere of management education.

DR. VIDYA YERAVDEKAR

Principal Director

Dr. Vidya Yeravdekar, the Joint Director of Symbiosis Society is a doctor, a gynecologist, who also has a degree in law to add to her qualification.

Born in 1964, she imbibed the zeal for social and educational work through her father, Dr. S. B. Mujumdar. She has traveled widely to countries like UK, USA, UAE, Thailand, Singapore, Malaysia, Tanzania, Kenya, Ethiopia etc. On these tours she has participated in educational fairs and has interacted with students and parents in an attempt to promote higher Indian education abroad.

She has also developed close contacts with the Ministries of Education in different countries. By liaisoning with these departments she is able to understand the specific needs of the youth of those countries. Under her administration at Symbiosis, these needs are then met and provided for, in an attempt to increase the comfort level of the foreign students at Symbiosis.

Dr. Vidya's main interest is to carry forward the vision of her father, Dr. S. B. Mujumdar - by promoting international understanding through quality education. Being a member of the Board of Management of the Symbiosis Society and Symbiosis International University, she contributes to the overall planning and development of Symbiosis. She has been instrumental in collaborations of Symbiosis with some of the world-class universities.

DR. BHUSHAN PATWARDHAN

Vice Chancellor of SIU

With over 20 years in academic and University governance he brings a unique blend of Industry-Academia executive culture. Over 200 publications, 8 Patents and 18 PhD students, he has attracted substantial research funding from national and international agencies. He was Director of Interdisciplinary School of Health sciences of the University of Pune for over 10 years; Chief of Academics of Manipal Education Group for three years and also founding Director of Institute of Ayurveda and Integrative Medicine Bangalore. He is founder Editor-in-Chief of Journal of Ayurveda and Integrative Medicine and one of the top cited authors of Elsevier's SciTopics. He has been a Convener of national committee on Promotion of Indian Higher Education Abroad (PIHEAD) of the UGC; member of Boards of several Universities and national institutions such NIPER, CSIR NBRI, ICMR RRC; member Taskforce of National Knowledge Commission and Planning Commission; Karnataka Innovation Council; Consultant to WHO Geneva and SEARO. As Convener of Vision Group of EDGE Forum he is providing remarkable leadership for innovations in higher education sector. As Vice Chancellor of Symbiosis International University he will lead the effort to strengthen research, innovation and entrepreneurship as well as addition of new disciples in biomedical sciences and humanities.

SYMBIOSIS SOCIETY

Symbiosis, capturing the spirit of its biological meaning, was formed as an international cultural and educational center in 1971 primarily to promote global understanding between Indian and foreign students through education. Today, the Symbiosis Society proudly runs 32 academic institutions ranging from kindergarten to postgraduate institutes. Thousands of students from over 32 countries pursue studies at Symbiosis Institutes. In Symbiosis, excellence is a passion. A competent, dedicated and devoted Director heads each institute. The managing committee of Symbiosis comprises of eminent academicians, industrialists, bankers and social workers, who with their knowledge and experience guide the activities of this society.

MANAGEMENT AT SCIT

Dr. R Raman

Director

Dr. R Raman has a blend of corporate and academic experience. He started his career with Godrej and Boyce and then ventured into the area of consultancy with - The Leading Edge Consulting Services. His Passion for academics led him into teaching assignment at Vellore Institute of Technology. Carleton University's Sprott School of Business, Canada gave him the platform for global exposure in teaching Information Technology while he was handling the teaching assignment with Kohinoor Business School along with the consulting assignment as an Information Technology Architect with the Kohinoor group of companies for the various verticals including Real Estate, Hotels, Hospitals, Education and Power Generation. He also taught at S. P. Jain Institute of Management and Research Mumbai.

Dr. Raman is a Computer Science and Engineering graduate from Madras University, he completed his MBA in Information Systems from the same University. He furthered his education by completing his Postgraduate Diploma in Software Marketing, M. Phil (Management) and Ph. D in Information Technology Enabled Services Strategy. He is a Six Sigma Green Belt and Six Sigma Black Belt Certified by RABQSA (Registrar Accreditation Board Quality Society of Australasia). He is also an Accredited Management Teacher, (a prestigious national recognition conferred by AIMA) and Green IT certified by ISEB.

His teaching and research area include Management Information Systems, Disruptive Technologies, IT Infrastructure Management, IT Project Management, Management of Information Technology Enabled Services and Green IT. He has published his research finding in several refereed journals and also has presented several papers in Indian and International conferences.

CAMPUS

Located in the hub of the IT industry, Rajiv Gandhi Infotech Park, Pune, SCIT campus is central to the dynamic IT environment. The IT majors such as Infosys, Cognizant, Wipro etc. lend to the atmosphere. The campus is fully residential and provides excellent facilities to students. The campus also has a fully equipped and functional gymnasium and swimming pool. Excellent healthcare facilities are provided on campus with a resident doctor, mini operation theater and a tie-up with a local hospital for emergency services. There is also a modern 400-seater auditorium and an open-air amphitheater. The campus facilities include faculty housing and a guesthouse.

The Campus is run by Chief Administrator, who manages the entire campus infrastructure and amenities. The facilities include security, garden, housekeeping, mess, ATM counter etc.

MODERN INFRASTRUCTURE

Academic Block

SCIT's state-of-the-art learning resources are a boost to its programmes. All seven of SCIT's classrooms have network and Internet connectivity to facilitate presentations and demonstrations. Audio-visual equipments like OHP, LCD projectors, and tape-recorder, TV etc. are used for delivering lectures. An 8 Mbps leased line keeps the campus well-connected.

Computer Labs

Computer Labs are equipped with a rich suite of software packages and also hardware. Three different platforms viz. Windows, Solaris and Linux make them the right place for developing platform-independent professionals. Lab practical on SW development methodology and business management are carried out in the different terminal clusters. Besides, SCIT being subscriber to MSDNAA and IBM academic initiative gives access to a range of latest software. SCIT has University alliances with SAP as well .Thus the students are privy to on-line SAP courses conducted in the Lab.

The labs with 120 computers in form a major resource deliver programmes based on University Alliances with SAP and also IBM.

'Proof of Concept' Lab

A unique facility with diverse networking environments and platforms, it gives a free arena to students to experiment with different technologies and products for simulating diverse environments. For example, student's experiments with security mechanisms have led to the deployment of a centralized authentication mechanism in SCIT's own multi-platform environment. Students work on advanced areas such as high performance networks, security, messaging etc. fully utilizing the facilities in the Proof of Concept Lab. POC Lab provides the student necessary equipment and also independent link to set up simulated environment to experiment various network concepts and practices, such as, fixed line wireless integration,ethical hacking, Voice commands, virtualization of servers and storage, MPLS

Modern Library

SCIT has modern library facilities with more than 6,000 books on technology and management and nearly 1000 CD's.

The students have access to nearly 20,000 books housed in the same building by sister institutes.

SCIT students look forward to and actively participate in Book Reviews which are held regularly. Certificates are awarded for Best Book Review and also to all those who review books.

Hostel and Amenities

The campus has separate hostels for boys and girls with well-equipped rooms. It has wi-fi network connectivity. Each room has an attached bath with hot and cold water facility. The campus security extends its services round-the-clock.

Mess facilities and cafeteria are provided

Mess

The mess caters Indian vegetarian food with a menu managed by student teams. It provides breakfast and two meals daily to nearly 1200 students.

Cafeteria

The campus cafeteria provides ready snacks and beverages.

Health Care Centre

Symbiosis Centre of Health Care (SCHC) – is the in-house health care centre of Symbiosis. SCHC takes care of health care needs of the entire Symbiosis family. The centre is concerned with the preventive, promotive and curative health of every individual under the Symbiosis banner, be it a student or employee.

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.56.05
UK Pound	1	Rs.86.69
Euro	1	Rs.69.98

INFORMATION DETAILS

Information Gathered by :	SVA
Report Prepared by :	NIT

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.