MIRA INFORM REPORT

Report Date :

29.06.2012

IDENTIFICATION DETAILS

Name :	DONE CARD UTILITY LIMITED
Registered Office :	301, Link Way Estate, New Link Road, Malad – West Mumbai -400064, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	01.06.2006
Com. Reg. No.:	11-162500
Capital Investment/ Paid-up Capital:	Rs.10.000 Millions
CIN No.: [Company Identification No.]	U72900MH2006PLC162500
TAN No.: [Tax Deduction & Collection Account No.]	MUMD14062G
PAN No.: [Permanent Account No.]	AACCD3857H
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	The Company is engage in the business of E- Commerce and Payment Gateway Services
No. of Employees:	Not available

RATING & COMMENTS

MIRA’s Rating :

B (36)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 84000
Status :	Moderate
Payment Behaviour :	Slow but Correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track. Profitability of the company appears to be low. However, trade relations are reported to be fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some cautions

NOTES:

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

ECGC Country Risk Classification List – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
India	A1	A1

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

LOCATIONS

Registered Office :	301, Link Way Estate, New Link Road, Malad – West Mumbai -400064, Maharashtra, India
Tel. No.:	Not available
Fax No.:	Not available
E-Mail :	dhariwalmehta@gmail.com
Head Office:	104 -104, Aditya Industrial Estate, Off Link Road, Maindspace, Near Evershine Mall, Malad (West) Mumbai – 400064, Maharashtra India
Tel. No.:	91-22-42084208
Help line:	91-22-66846684
E-Mail :	marketing@donecard.com (Marketing) support@donecard.com (Support)

DIRECTORS

As on 30.09.2011

Name :

Mr. Bhavesh Jashvantlal Shah

Designation :

Director

Address :

201, Shriram Kunj, Haji Bapu Road, Malad – East, Mumbai -400097, Maharashtra, India

Date of Birth/Age :

24.10.1971

Date of Appointment :

12.06.2009

Din No.:

00360471

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	U51909MH2005PTC154436	S S V MARKETING PRIVATE LIMITED	Director	4/7/2005	4/7/2005	-	Active	NO
2	U72900MH2006PLC162500	DONE CARD UTILITY LIMITED	Director	12/6/2009	1/6/2006	-	Active	NO
3	U67190MH2010PTC201246	OSS PAYMENT SOLUTIONS PRIVATE LIMITED	Director	20/04/2010	20/04/2010	-	Active	NO
4	U63040MH2010PTC206366	INDIAN DESTINATIONS TOURS (INDIA) PRIVATE LIMITED	Director	9/8/2010	9/8/2010	-	Active	NO
5	U45400MH2008PTC179075	U & V Builders and Developers Private Limited	Director	25/10/2010	25/10/2010	-	Active	NO
6	U45202MH2010PTC210769	U & V SUPERSTRUCTURES PRIVATE LIMITED	Director	8/12/2010	8/12/2010	-	Active	NO
7	U67190MH2011PTC211903	U & V BROKING PRIVATE LIMITED	Director	6/1/2011	6/1/2011	-	Active	NO

Name :

Mr. Chirag Jewria

Designation :

Director

Address :

4/226, Vaibhav Kahnd, Gomti Nag Near Mantri Avash, Lucknow – 226010, Uttar Pradesh, India

Date of Birth/Age :

05.11.1984

Date of Appointment :

12.06.2009

Din No.:

02020235

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	U74900MH2007PLC171376	OSS NETWORK LIMITED	Director	15/01/2008	15/01/2008	-	Active	NO
2	U72900MH2006PLC162500	DONE CARD UTILITY LIMITED	Director	12/6/2009	12/6/2009	-	Active	NO
3	U67190MH2010PTC201246	OSS PAYMENT SOLUTIONS PRIVATE LIMITED	Director	20/04/2010	20/04/2010	-	Active	NO
4	U74900MH2011PTC220911	JEWRIA SERVICE CLUB INDIA PRIVATE LIMITED	Director	12/8/2011	12/8/2011	-	Active	NO

Name :

Mr. Chirag Dineshbhai Shah

Designation :

Director

Address :

201, Shriram Kunj, Haji Bapu Road, Malad – East, Mumbai -400097, Maharashtra, India

Date of Birth/Age :

05.11.1984

Date of Appointment :

06.06.2007

Din No.:

01787586

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	U72900MH2006PLC162500	DONE CARD UTILITY LIMITED	Director	6/6/2007	6/6/2007	-	Active	NO
2	U74900MH2007PLC171376	OSS NETWORK LIMITED	Director	6/6/2007	6/6/2007	-	Active	NO
3	U52100GJ2007PTC051755	DORADO MARKETING PRIVATE LIMITED	Director	4/2/2008	4/2/2008	1/12/2008	Active	YES
4	U74990MH2009PTC194380	MOS UTILITY PRIVATE LIMITED	Director	27/07/2009	27/07/2009	-	Active	NO
5	U74120MH2011PTC221121	MOS Financial Services Private Limited	Director	23/08/2011	23/08/2011	-	Active	NO
6	U65923MH2011PTC221888	MOS CAPS SERVICES PRIVATE LIMITED	Director	18/03/2012	18/03/2012	-	Active	NO

Name :

Mr. Ketan Jashwantlal Shah

Designation :

Director

Address :

35/6, Om Shiv Krupa Building, Haji Bapu Road, Malad – East, Mumbai -400097, Maharashtra, India

Date of Birth/Age :

24.12.1968

Date of Appointment :

01.08.2007

Din No.:

01313139

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	U72900MH2005PTC154979	MAC SOLUTIONS PRIVATE LIMITED	Director	9/1/2006	9/1/2006	21/08/2010	Active	NO
2	U74900MH2007PLC171376	OSS NETWORK LIMITED	Director	6/6/2007	6/6/2007	-	Active	NO
3	U72900MH2006PLC162500	DONE CARD UTILITY LIMITED	Director	1/8/2007	1/8/2007	-	Active	NO
4	U45400MH2008PTC179075	U & V Builders and Developers Private Limited	Director	19/02/2008	19/02/2008	-	Active	NO
5	U51109MH2008PTC182616	OSS RETAILS PRIVATE LIMITED	Director	23/05/2008	23/05/2008	-	Active	NO
6	U45400MH2008PTC182727	OSS REALTY PRIVATE LIMITED	Director	27/05/2008	27/05/2008	-	Active	NO
7	U51901MH2008PTC182749	OSS GAMES PRIVATE LIMITED	Director	28/05/2008	28/05/2008	-	Active	NO
8	U63040MH2008PTC182818	OSS ROAD TRANSPORT PRIVATE LIMITED	Director	29/05/2008	29/05/2008	-	Active	NO
9	U63040MH2008PTC184645	OSS TRAVEL & HOLIDAYS PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Active	NO
10	U92190MH2008PTC184681	OSS ENTERTAINMENT PRIVATE LIMITED	Director	15/07/2008	15/07/2008	-	Active	NO
11	U72200MH2008PTC184677	OSS SOFTTECH PRIVATE LIMITED	Director	15/07/2008	15/07/2008	-	Active	NO
12	U67190MH2008PTC184654	OSS FINANCIAL SOLUTIONS PRIVATE LIMITED	Director	15/07/2008	15/07/2008	-	Active	NO
13	U74990MH2009PTC190384	OSS COMMODITIES BROKING PRIVATE LIMITED	Director	16/02/2009	16/02/2009	-	Active	NO
14	U74990MH2009PTC190383	OSS STOCK BROKING PRIVATE LIMITED	Director	16/02/2009	16/02/2009	-	Active	NO
15	U63040GJ2007PLC050906	AIRTICKET ONLINE LIMITED	Director	30/09/2009	30/09/2009	4/2/2011	Active	YES
16	U67190MH2010PTC201246	OSS PAYMENT SOLUTIONS PRIVATE LIMITED	Director	24/03/2010	24/03/2010	-	Active	NO
17	U63040MH2010PTC206366	INDIAN DESTINATIONS TOURS (INDIA) PRIVATE LIMITED	Director	9/8/2010	9/8/2010	-	Active	NO
18	U45202MH2010PTC210769	U & V SUPERSTRUCTURES PRIVATE LIMITED	Director	8/12/2010	8/12/2010	-	Active	NO
19	U45202MH2010PLC211139	TAPOVAN INFRASTRUCTURE LIMITED	Director	20/12/2010	20/12/2010	-	Active	NO
20	U67190MH2011PTC211903	U & V BROKING PRIVATE LIMITED	Director	6/1/2011	6/1/2011	-	Active	NO
21	U74999MH2011PTC212803	OSS DISTRIBUTION SERVICES PRIVATE LIMITED	Director	29/01/2011	29/01/2011	-	Active	NO

Name :

Mr. Subhashchand Ramratan Jewria

Designation :

Director

Address :

D -418, Sai Chitra, Plot no.23 Sec.08, Charkop, Kandiavali –West Mumbai -400067, Maharashtra, India

Date of Birth/Age :

07.06.1964

Date of Appointment :

01.06.2006

Din No.:

01682919

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	U72900MH2006PLC162500	DONE CARD UTILITY LIMITED	Director	1/6/2006	1/6/2006	-	Active	NO
2	U74900MH2007PLC171376	OSS NETWORK LIMITED	Director	6/6/2007	6/6/2007	-	Active	NO
3	U63040GJ2007PLC050906	AIRTICKET ONLINE LIMITED	Director	30/09/2009	7/9/2007	-	Active	YES
4	U51109MH2008PTC182616	OSS RETAILS PRIVATE LIMITED	Director	23/05/2008	23/05/2008	-	Active	NO
5	U45400MH2008PTC182727	OSS REALTY PRIVATE LIMITED	Director	27/05/2008	27/05/2008	-	Active	NO
6	U51901MH2008PTC182749	OSS GAMES PRIVATE LIMITED	Director	28/05/2008	28/05/2008	-	Active	NO
7	U63040MH2008PTC182818	OSS ROAD TRANSPORT PRIVATE LIMITED	Director	29/05/2008	29/05/2008	-	Active	NO
8	U63040MH2008PTC184645	OSS TRAVEL & HOLIDAYS PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Active	NO
9	U92190MH2008PTC184681	OSS ENTERTAINMENT PRIVATE LIMITED	Director	15/07/2008	15/07/2008	-	Active	NO
10	U72200MH2008PTC184677	OSS SOFTTECH PRIVATE LIMITED	Director	15/07/2008	15/07/2008	-	Active	NO
11	U67190MH2008PTC184654	OSS FINANCIAL SOLUTIONS PRIVATE LIMITED	Director	15/07/2008	15/07/2008	-	Active	NO
12	U74990MH2009PTC190384	OSS COMMODITIES BROKING PRIVATE LIMITED	Director	16/02/2009	16/02/2009	-	Active	NO
13	U74990MH2009PTC190383	OSS STOCK BROKING PRIVATE LIMITED	Director	16/02/2009	16/02/2009	-	Active	NO
14	U67190MH2010PTC201246	OSS PAYMENT SOLUTIONS PRIVATE LIMITED	Director	24/03/2010	24/03/2010	-	Active	NO
15	U51101MH2011PTC212572	TALENT RETAILS PRIVATE LIMITED	Director	20/01/2011	20/01/2011	-	Active	NO
16	U74999MH2011PTC212803	OSS DISTRIBUTION SERVICES PRIVATE LIMITED	Director	29/01/2011	29/01/2011	-	Active	NO
17	U74900MH2011PTC220911	JEWRIA SERVICE CLUB INDIA PRIVATE LIMITED	Director	12/8/2011	12/8/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Subhashchand Ramratan Jewria	495000
Chirag Dineshbhai Shah	10000
Bhavesh Jashvantlal Shah	1
Jashvantlal Shah	1
Dineshbhai Shah	1
Nikhil Shah	1
Ketan Shah	494996
Total	1000000

As on 30.09.2011

Category	Percentage
Directors or relatives of directors	100.00

BUSINESS DETAILS

Line of Business :

The Company is engage in the business of E- Commerce and Payment Gateway Services

GENERAL INFORMATION

No. of Employees :

Not available

Bankers :

Yes Bank Limited, 9^th Floor, Nehrru Centre, Discovery of India, Dr, Annie Besant Road, Worli Mumbai -400018, Maharashtra, India

Facilities :

Rs. In Millions

SECURED LOAN	31.03.2011	31.03.2010
Loans taken for fixed assets secured	0.192	0.429

Banking Relations :	--
Auditors :
Name :	Doshi Mehul Vikram Chartered Accountant
Address :	Bulodng No. 6 Flat No 302,B WING Dhruvtara Coop Society, Pantnagar Ghatkopar East, Mumbai 400075
Pan No.:	AAHPD2318M
Associates	· OSS Retails Private Limited · OSS Financial Solutions Private Limited · OSS Networks Limited

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
1250000	Equity Share	Rs.10/- each	Rs.12.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Share	Rs.10/- each	Rs.10.000 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		10.000	10.000	2.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		10.896	9.543	8.634
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		20.896	19.543	10.634
LOAN FUNDS
1] Secured Loans		0.192	0.429	0.157
2] Unsecured Loans		0.000	0.000	7.791
TOTAL BORROWING		0.192	0.429	7.948
DEFERRED TAX LIABILITIES		1.266	1.633	0.203
TOTAL		22.354	21.605	18.785
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		15.686	20.973	24.806
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	22.050	22.089	68.887
	Cash & Bank Balances	1.630	12.927	8.517
	Other Current Assets	0.107	0.313	4.984
	Loans & Advances	69.094	80.216	108.010
Total Current Assets		92.881	115.545	190.398
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	81.944	97.634	63.078
	Other Current Liabilities	3.277	15.971	130.526
	Provisions	0.992	1.315	2.829
Total Current Liabilities		86.213	114.920	196.433
Net Current Assets		6.668	0.625	(6.035)
MISCELLANEOUS EXPENSES		0.000	0.007	0.014
TOTAL		22.354	21.605	18.785

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	1858.564	3354.036	5444.614
		Other Income	18.064	53.201	89.993
		TOTAL (A)	1876.628	3407.237	5534.607
Less	EXPENSES
		Consumption of Changes in inventories	1859.196	3372.926
		Employee Related Expenses	3.510	3.360
		Administrative and selling Expenses	6.203	19.442
		TOTAL (B)	1868.909	3395.728	5511.870
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		7.719	11.509	22.737
Less	FINANCIAL EXPENSES (D)		0.507	0.080	0.000
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		7.212	11.429	22.737
Less/ Add	DEPRECIATION/ AMORTISATION (F)		5.293	7.789	8.914
	PROFIT BEFORE TAX (E-F) (G)		1.919	3.640	13.823
Less	TAX (H)		0.566	2.730	2.833
	PROFIT AFTER TAX (G-H) (I)		1.353	0.910	10.990
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		9.543	8.633	(2.357)
	BALANCE CARRIED TO THE B/S		10.896	9.543	8.633
	Earnings Per Share (Rs.)		1.353	-	-

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.07	0.11	0.05
Net Profit Margin (PBT/Sales)	(%)	0.10	0.11	0.25
Return on Total Assets (PBT/Total Assets}	(%)	1.77	2.67	6.42
Return on Investment (ROI) (PBT/Networth)		0.09	0.19	1.30
Debt Equity Ratio (Total Liability/Networth)		4.14	5.90	19.22
Current Ratio (Current Asset/Current Liability)		1.08	1.36	0.97

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
Promoters background	Yes
No. of Employees	No
Name of Person Contacted	No
Designation of contact person	No
Turnover of firm for last three years	Yes
Profitability for last three years	Yes
Reasons for variation <> 20%	-
Estimation for coming financial year	No
Capital the business	Yes
Details of sister concerns	Yes
Major Suppliers	No
Major Customers	No
Payment Terms	No
Export / Import Details [If Applicable]	No
Market Information	-
Litigations that the firm / promoter involved in	-
Banking Details	Yes
Banking Facility Details	Yes
Conduct of the banking account	-
Buyer visit details	-
Financials, if provided	Yes
Incorporation details, if applicable	Yes
Last accounts filed at ROC	Yes
Major Shareholders, if applicable	Yes

Note :The Registered office of the company has been shifted from 205, Link Way Castle, New Link Road, Malad-West Mumbai – 400064 Maharashtra India to the present address w.e.f 16.08.2007

FINANCIAL RESULTS :

The directors is here by report that since this is Fourth year of the working of company and major amount by company on setting up the business and to create brand value of the organization. During the year company has incurred net profit of Rs.1.352 Millions- for the year ended 31st March, 2011.

OPERATION: - In Fifth year of operation of the company, the company has achieved total turnover of Rs.1858.500 Millions and expecting growth for the next financial year at higher rate. Their product is already reached to all the parts of India and we are getting best response from the markets.

From 8:

Corporate identity number of the company	U72900MH2006PLC162500
Name of the company	DONE CARD UTILITY LIMITED
Address of the registered office or of the principal place of business in India of the company	301, Link Way Estate, New Link Road, Malad – West Mumbai -400064, Maharashtra, India Email: dhariwalmehta@gmail.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10289633
Type of charge	Immovable property Any interest in immovable property
Particular of charge holder	Yes Bank Limited, 9^th Floor, Nehrru Centre, Discovery of India, Dr, Annie Besant Road, Worli Mumbai -400018, Maharashtra, India Email: dlbbcadmum@yesbank.in
Nature of instrument creating charge	MOE and Deed of Confirmation
Date of instrument Creating the charge	14.06.2011
Amount secured by the charge	Rs.193.632 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest Term Loan- 3.75% above Yes bank Ltd Base Rate (BR) YBL BR 8.50% Overdraft- 3.75% above Yes bank Ltd Base Rate (BR) YBL BR 8.50% Bank Guarantee - 1.5% p.a. Terms of repayment Term Loan - 48 equated monthly installments Overdraft - On Demand/Annual Review Bank Guarantee - Max tenor 36 months including claim period Margin NA Extent and Operation of the charge: Equitable mortgage of properties located at Office No. 301, Link Way Estate Premises CHS, Chinchbunder Link Road, Malad West, Mumbai - 400064 to cover following facilities Term Loan (TL) : INR 33.631 Overdraft (OD) : INR 160.000 Millions Bank Guarantee (BG) (Sub limit of OD) : INR 60.000 Millions
Particulars of the present modification (Please ensure that correct particulars are entered as the same shall be displayed in the certificate of modification of Charge)	Existing charge on property at Office No. 301, Link Way Estate Premises CHS, Chinchbunder Link Road, Malad West, Mumbai - 400064 is extended to secure the facilities granted to M/s OSS Retails Private limited the facility details are as follows: TL - INR 33.631 Millions (Existing Facility of INR 40.000 Millions at present level of outstanding) OD - INR 160.000 (Existing facility of INR 60.000 Millions enhanced to INR 160.000 Millions ) BG (Sub limit of OD)-INR 60.000 Millions (Existing Facility)

Fixed Assets:

· Air Conditioner

· Brand Development

· Computers

· Soft wares

· Motor bike

· Vehicle

· Office Premises

· Plant and Machinery

· Telephone

· Water purifier

Intangible Assets

· Building

· Furniture and Fixtures

· Machinery and Plant

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.56.53
UK Pound	1	Rs.88.09.
Euro	1	Rs.70.83

INFORMATION DETAILS

Report Prepared by :

BYI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--RESERVES	1~10	4
--CREDIT LINES	1~10	4
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		36

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	-

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.