MIRA INFORM REPORT

1. Summary Information

		Country	India
Company Name	DANTAL HYDRAULICS PRIVATE LIMITED	Principal Name 1	Mr. Sanjay Talwar
Status	Satisfactory	Principal Name 2	Mr. Narinder Singh Bopara
		Registration #	55-39084
Street Address	B – 172, Saraswati Vihar, New Delhi – 110088, India
Established Date	01.02.1990	SIC Code	--
Telephone#	91-11-26213806	Business Style 1	Manufacturer
Fax #	91-11-26476089	Business Style 2	--
Homepage	http://www.dantal.in	Product Name 1	Hydraulic Cylinders a
# of employees	100 (Approximately)	Product Name 2	Hydraulic Systems
Paid up capital	Rs. 25,949,330/-	Product Name 3	--
Shareholders	Directors or relatives of directors (94.00 %) Other top fifty shareholders (6.00%)	Banking	HDFC Bank Limited
Public Limited Corp.	NO	Business Period	22 Years
IPO	NO	International Ins.	-
Public Enterprise	NO	Rating	Ba (49)
Related Company
Relation	Country	Company Name	CEO
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	229,574,000	Current Liabilities	203,504,000
Inventories	130,587,000	Long-term Liabilities	67,192,000
Fixed Assets	283,465,000	Other Liabilities	44,270,000
Deferred Assets	000	Total Liabilities	314,966,000
Invest& other Assets	24,000	Retained Earnings	302,735,000
		Net Worth	328,684,000
Total Assets	643,650,000	Total Liab. & Equity	643,650,000
Total Assets (Previous Year)	523,723,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales and Other Income	1300,373,000	Net Profit	102,793,000
Sales and Other Income (Previous yr)	1022,852,000	Net Profit(Prev.yr)	67,756,000

MIRA INFORM REPORT

Report Date :

29.06.2012

IDENTIFICATION DETAILS

Name :	DANTAL HYDRAULICS PRIVATE LIMITED

Registered Office :	B – 172, Saraswati Vihar, New Delhi – 110088

Country :	India

Financials (as on) :	30.03.2011

Date of Incorporation :	01.02.1990

Com. Reg. No.:	55-39084

Capital Investment / Paid-up Capital :	Rs. 25.949 Millions

CIN No.: [Company Identification No.]	U74899DL1990PTC039084

TAN No.: [Tax Deduction & Collection Account No.]	DELD06621G

PAN No.: [Permanent Account No.]	AAACD1006C

Legal Form :	Private Limited Liability Company.

Line of Business :	Manufacturing of Hydraulic Cylinders and Hydraulic Systems for wide range of applications.

No. of Employees:	100 (Approximately)

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 1310000

Status :	Satisfactory

Payment Behaviour :	Usually Correct

Litigation :	Clear

Comments :	Subject is well established company having satisfactory track. The company has recorded a better growth in its sales turnover and profitability during the year 2011. Trade relations are reported as decent. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered good 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

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

LOCATIONS

Registered Office :	B – 172, Saraswati Vihar, New Delhi – 110088, India
Tel. No.:	91-11-26213806
Fax No.:	91-11-26476089
E-Mail :	dantal6@dantal.in rajeshlal@dantal.in
Website :	http://www.dantal.in

Head Office / Corporate Office 2 / Factory1 :	24, Udyog Vihar, Phase-IV, Gurgaon, Haryana – 122001, India
Tel. No.:	91-124-4586804 / 2347920 / 2347110
Fax No.:	91-124-2340875/ 4586822
E mail:	Dantal6@dantal.in info@danatal.in

Factory 2 :	Plot No 50, Sector 3, IMT Manesher Gurgaon-122050, Haryana, India
Tel. No.:	91-124-4581800 / 2347110
Fax No.:	91-124-4369414 / 2347110
E-Mail :	rajsoni@dantal.in customersupport@dantal.in

Factory 3 :	221, KIADB Industrial Layout, 2nd Cross, 8th Main, 3rd Phase, Peenya Industrial Area, Bangalore – 560058 Karnataka, (India)
Tel. No.:	91-80-28375014/ 28375015
Fax No.:	91-80-28375016
E-Mail :	info@danatal.in customersupport@dantal.in

Sales and Services Network :	Located at : New Delhi Ahmedabad Kolkata Bangalore

DIRECTORS

As on 28.09.2011

Name :

Mr. Sandeep Talwar

Designation :

Director

Address :

H – 44 C, Saket New Delhi – 110017, India

sandeeptalwar@dantal.in

Date of Birth/Age :

02.02.1967

Date of Appointment :

01.02.1990

DIN No.:

01066178

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	U74899DL1987PTC029691	SUPER DRILLING PRIVATE LIMITED	Director	9/4/1988	9/4/1988	-	Active	NO
2	U74899DL1990PTC039084	DANTAL HYDRAULICS PRIVATE LIMITED	Director	1/2/1990	1/2/1990	-	Active	NO

Name :

Mr. Poonam Talwar

Designation :

Director

Address :

2 South Park Apartments, kalkaji, New Delhi – 110019, India

poonamtalwar@dantal.in

Date of Birth/Age :

15.07.1960

Date of Appointment :

01.02.1990

DIN No.:

01130682

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	U74899DL1990PTC039084	DANTAL HYDRAULICS PRIVATE LIMITED	Director	1/2/1990	1/2/1990	-	Active	NO
2	U74899DL1995PTC068565	DANTAL ENGINEERING PRIVATE LIMITED	Director	16/05/1995	16/05/1995	-	Active	NO

Name :

Mr. Sanjay Talwar

Designation :

Director

Address :

2 South Park Apartments, Kalkaji, New Delhi – 110019, India

sanjaytalwar@dantal.in

Date of Birth/Age :

25.04.1959

Date of Appointment :

10.07.1990

DIN No.:

01066085

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	U74899DL1987PTC029691	SUPER DRILLING PRIVATE LIMITED	Director	6/11/1987	6/11/1987	-	Active	NO
2	U74899DL1990PTC039084	DANTAL HYDRAULICS PRIVATE LIMITED	Director	10/7/1990	10/7/1990	-	Active	NO
3	U74899DL1995PTC068565	DANTAL ENGINEERING PRIVATE LIMITED	Director	10/9/1999	10/9/1999	-	Active	NO

Name :

Mr. Narinder Singh Bopara

Designation :

Director

Address :

114 Vthnpan Lok, Mayur Vihar – I, New Delhi – 110091, India

narindersingh@dantal.in

Date of Birth/Age :

14.11.1963

Date of Appointment :

27.07.1993

DIN No.:

01066146

Name :

Mr. Naresh Malhotra

Designation :

Director

Address :

146 Nilgiri Apartments, Alarnanda, New Delhi – 110019, India

nareshmalhotra@dantal.in

Date of Birth/Age :

22.06.1957

Date of Appointment :

16.08.1994

DIN No.:

01066161

Name :

Mr. Viswanath Kausik

Designation :

Director

Address :

Gori Apartments, Block – A, J P Nagar, Phase – II, Bangalore – 560078, Karnataka, India

vkausik@dantal.in

Date of Birth/Age :

31.08.1948

Date of Appointment :

09.05.2002

DIN No.:

01066216

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 28.09.2011

Names of Shareholders		No. of Shares
Super Drilling Private Limited, Delhi, India		148350
Sandeep Talwar		53475
Poonam Talwar		101225
Sanjay Talwar		1491350
Naresh Malhotra		144900
Narinder Singh Bopara		648733
Vishwanath Kausik		6900
Total		2594933

As on 28.09.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	94.00
Other top fifty shareholders	6.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturing of Hydraulic Cylinders and Hydraulic Systems for wide range of applications.

Products:	Hydraulic Cylinders Hydraulic Systems Aircraft Hydraulic Service Trolley Hydraulic Winches Transport Hydraulic Systems D.C. Power Packs Off Highway Products (DANA) Gear Pumps and Motors (MARZOCCHI) Hydraulic Components (KAWASAKI) Radial Piston Motorts Mobile Control Valves EATON- Orbital Units and Hydro Motors Car Parking Systems Automated Car Parking Systems Multi-level Car Parking Systems

PRODUCTION STATUS (AS ON 31.03.2011)

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Hydraulics Cylinders	Nos	Delicensed	160000	128815

GENERAL INFORMATION

No. of Employees :

100 (Approximately)

Bankers :

· HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel W, Mumbai - 400013, Maharashtra, India

Small Industries Development Bank of India, Ground Floor, Udyog Minar, Vanijya Nikunj, Udyog Vihar, Phase-V, Gurgaon – 122016, Haryana, India
Axis Bank Limited, 4/10, OPG House, Asaf Ali Road, New Delhi – 110002, , India

Facilities :

SECURED LOAN	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Rupee term loans banks secured	(A)5.685	7.704
Rupee term loans financial institutions secured	(B)43.986	51.158
Foreign currency loans banks secured	0.000	22.665
Working capital loans banks secured	13.053	20.447
Hire purchase installment payable secured	4.468	5.556
Total	67.192	107.530
FOOTNOTES (A) 1. Exclusive charge on existing plant & machinery and Misc Fixed Assets of the company (except Plant & Machinery hypothecated to the other banks and institutions 2. Hypothecation of all current assets both present and future (Except book debts facted by factoring institutions 3. EM of Factory land & building at 24, Udyog vihar industrial Area Phase - 4 gurgaon. also guaranteed by joint and several personal grantees of ( a ) Mr. Sanjay talwar and ( b ) Mr. Narinder Singh Boparal, The directors of the company in their individual capacity . (B) The loan is secured by!. First Charge by way of EM of the Company's immovable asets, situated atPlot No. 50 sector - 3, IMT manesar gurgaon together with all building and structures thereon and plant and machinery attached to earth. 2.!. First Charge by way of Hypothecation of plant, equipment , Machinery, Machinery Spares, tools , Accessories and all other assets situated at Plot No. 50 sector - 3, IMT manesar gurgaon. Also guaranteed by joint and several personal guarantees of (A). Mr. Sanjay Talwar (B) Mr. Narinder Singh boparal, The directors of the company in their individual capacity


Banking Relations :	--

Auditors :
Name :	Kuldeep And Associates Chartered Accountants
Address :	S-335, Panchsheel Park, New Delhi-110017, India
PAN.:	AAGPJ4169D

Related Party :	M/S Super Drilling Private Limited CIN: U74899DL1987PTC029691 M/S Dantal Engineering Private Limited CIN: U74899DL1995PTC068565

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount

3500000	Equity Shares	Rs. 10/- each	Rs. 35.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

2594933	Equity Shares	Rs. 10/- each	Rs. 25.949 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		25.949	25.949	25.949
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		302.735	212.046	153.397
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		328.684	237.995	179.346
LOAN FUNDS
1] Secured Loans		67.192	107.530	110.422
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		67.192	107.530	110.422
DEFERRED TAX LIABILITIES		5.533	5.165	2.175

TOTAL		401.409	350.690	291.943

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		283.465	248.073	141.401
Capital work-in-progress		0.000	0.000	0.000

INVESTMENT		0.024	0.024	0.024
DEFERREX TAX ASSETS		0.000	0.000	0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	130.587	103.860	85.575
	Sundry Debtors	164.415	109.842	125.094
	Cash & Bank Balances	14.151	18.494	6.492
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	51.008	43.213	57.956
Total Current Assets		360.161	275.409	275.117
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	186.699	129.202	93.341
	Other Current Liabilities	16.805	14.042	8.331
	Provisions	38.737	29.789	23.361
Total Current Liabilities		242.241	173.033	31.692
Net Current Assets		117.920	102.376	150.084

MISCELLANEOUS EXPENSES		0.000	0.217	0.434

TOTAL		401.409	350.690	291.943

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	1300.373	1022.852	946.292
		Other Income
		TOTAL	1300.373	1022.852	946.292

Less	TOTAL EXPENSES		1146.541	918.420	864.683

	PROFIT BEFORE TAX		153.832	104.432	81.609

Less	TAX		51.039	36.676	30.607

	PROFIT AFTER TAX		102.793	67.756	51.002

	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	44.282	23.973	0.000
		Technical services/ Overseas Commission	11.325	10.586	0.000
	TOTAL EARNINGS		55.607	34.559	0.000

	Earnings Per Share (Rs.)		39.61	26.11	--

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	79.04	6.62	5.39

Return on Total Assets (PBT/Total Assets}	(%)	23.90	19.95	19.59

Return on Investment (ROI) (PBT/Networth)		0.47	0.44	0.46

Debt Equity Ratio (Total Liability/Networth)		0.94	1.18	1.31

Current Ratio (Current Asset/Current Liability)		1.49	1.59	2.20

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	No
10) Designation of contact person	No
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	No
15) Capital in the business	Yes
16) Details of sister concerns	Yes
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	--
23) Banking Details	Yes
24) Banking facility details	No
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

PERFORMANCE OF THE COMPANY:

The company outstandingly performed during the period and recorded 27 % growth in sales. Profit of the company has also been increased from Rs. 104.432 millions in the previous year to Rs. 153.832 millions in current year that shows a growth of 47 %. During the year, the company recorded positive growth both in sales and profit which reflect the caliber of the management of the company and faith of customers in your company.

Contingent liabilities not provided for, In respect of:

i. Guarantees given by the bank on behalf of company Rs. 40.904 Millions (Previous Year Rs. 20.262 Millions)

ii. Bills of Exchange under Letter of credit with the bank of Rs. 71.928 Millions (Previous year Rs. 51.056 Millions)

iii. Sales Bills including LC discounting with Bank Rs. 95.876 Millions (Previous year Rs. 101.035 Millions)

Bankers Charges Report as per Registry

Corporate identity number of the company	U74899DL1990PTC039084
Name of the company	DANTAL HYDRAULICS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	B – 172, Saraswati Vihar, New Delhi – 110088, India dantal6@dantal.in
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	80044026
Type of charge	· Immovable property · Movable property (not being pledge)
Particular of charge holder	Small Industries Development Bank of India, Ground Floor, Udyog Minar, Vanijya Nikunj, Udyog Vihar, Phase-V, Gurgaon – 122016, Haryana, India ggbo_sidbi@sidbi.in
Nature of instrument creating charge	1) On 19/12/2011, Deed of hypothecation has been executed by the company for extension of first charge by way of hypothecation of all the movable assets of the company acquired / to be acquired under the earlier projects / schemes financed by SIDBI. 2)On the same day, no document is executed for extension of first charge on immovable properties of the company situated at Plot No. 50, Sector-3, IMT, Manesar, Gurgaon.
Date of instrument Creating the charge	19.12.2011
Amount secured by the charge	Rs.195.000 millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest Discount rate - 12.25% p.a. for bills upto 90 days usance. Terms of Repayment Bills shall have usance of upto 90 days Margin Nil Extent and Operation of the charge 1) Extension of first charge on all the movables of the company including plant, machinery, equipment, etc. acquired / to be acquired under the project/scheme for term loan of Rs. 70.000 millions, Rs. 50 millions, Rs. 5.000 millions, Rs. 5.000 millions and Rs. 7.500 millions 2) Extension of first charge on the immovable properties of the company situated at plot no. 50, Sector 3, IMT Manesar, Gurgaon, admeasuring 7875 sq. meters.
Short particulars of the property charged	All the movables of the com. including plant, equipment, machinery, etc. which have been acquired under the project for term loan of Rs. 70.000 millions, Rs. 5.000 millions, Rs. 5.000 millions, Rs. 5.000 millions and Rs. 7.500 millions All the immovable properties of the company situated at plot no. 50, Sector 3, IMT Manesar, Gurgaon Haryana admeasuring 7875 sq. mtrs., both present and future.
Date of latest modification prior to the present modification	20.05.2009
Particulars of the present modification	The above assets of the company had been charged to SIDBI to secure the due repayment to SIDBI of its term loans of Rs. 70.000 millions, Rs. 5.000 millions, Rs. 5.000 millions, Rs. 5.000 millions and Sellerwise MSME RFS (SRFS) limit of Rs. 80.000 millions. The present modification has been made to secure the enhanced SRFS limit of Rs. 110.000 millions(enhanced from Rs. 80.000 millions to Rs. 110.000 millions) by extension of charge on the above movable and immovable assets.

Fixed Assets:

Land
Factory Building
Flat
Plant and Machinery
Vehicles
Furniture and Fixture
Computer and Software
Electrical 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.56.92
UK Pound	1	Rs.88.91
Euro	1	Rs.71.25

INFORMATION DETAILS

Report Prepared by :

DPK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
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	YES
--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.

MIRA INFORM REPORT

130.587

103.860

164.415

109.842

14.151

18.494

0.000

0.000

51.008

43.213

360.161

186.699

129.202

16.805

14.042

38.737

29.789

242.241

117.920

102.376

79.04

6.62

23.90

19.95

0.47

0.44

0.94

1.18

1.49

1.59

Unit