1. Summary Information

		Country	India
Company Name	Omkrown Pharmachem Private Limited	Principal Name 1	Mr. Ramakant Krishna Anavekar
Status	Moderate	Principal Name 2	Mr. Chandrakant Krishna Anavekar
		Registration #	08-016598
Street Address	Kalyani Apartment, Bharatnagar, Shahapur, Belgaum - 590003, Karnataka, India
Established Date	23.11.1994	SIC Code	--
Telephone#	91-831-2497086	Business Style 1	Manufacturer
Fax #	91-831-2496136	Business Style 2	--
Homepage	http://www.omkrown.com	Product Name 1	Active Pharmaceutical Ingredients
# of employees	Not Available	Product Name 2	Bulk Drug Intermediate
Paid up capital	Rs.4,000,000/-	Product Name 3	--
Shareholders	Directors or relatives of directors- 100%	Banking	Bank of India
Public Limited Corp.	No	Business Period	18 years
IPO	No	International Ins.	--
Public Enterprise	No	Rating	B (30)
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	11,159,000	Current Liabilities	19,682,000
Inventories	14,569,000	Long-term Liabilities	4,728,000
Fixed Assets	9,692,000	Other Liabilities	154,000
Deferred Assets	0,000	Total Liabilities	24,564,000
Invest& other Assets	0,000	Retained Earnings	6,856,000
		Net Worth	10,856,000
Total Assets	35,420,000	Total Liab. & Equity	35,420,000
Total Assets (Previous Year)	35,455,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales (Including Other Income)	16,560,000	Net Profit	(4,187,000)
Sales(Previous yr) (Including Other Income)	29,722,000	Net Profit(Prev.yr)	321,000

MIRA INFORM REPORT

Report Date :

30.06.2012

IDENTIFICATION DETAILS

Name :	OMKROWN PHARMA-CHEM PRIVATE LIMITED
Registered Office :	Kalyani Apartment, Bharatnagar, Shahapur, Belgaum - 590003, Karnataka
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	23.11.1994
Com. Reg. No.:	08-016598
Capital Investment / Paid-up Capital :	Rs.4.000 Millions
CIN No.: [Company Identification No.]	U24290KA1994PTC016598
TAN No.: [Tax Deduction & Collection Account No.]	BLRO00880F
PAN No.: [Permanent Account No.]	AAACO3458K
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Active Pharmaceutical Ingredients and Bulk Drug Intermediate
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (30)

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

Maximum Credit Limit :	USD 43000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track. There appears loss in the current year. 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 dealing with some caution.

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 :	Kalyani Apartment, Bharatnagar, Shahapur, Belgaum – 590003, Karnataka, India
Tel. No.:	91-831-2497086
Fax No.:	91-831-2496136
E-Mail :	info@omkrown.com
Website :	http://www.omkrown.com
Factory :	422/4, Goa Road, Macche, Belgaum – 590014, Karnataka, India

DIRECTORS

(AS ON 29.09.2011)

Name :

Mr. Ramakant Krishna Anavekar

Designation :

Chairman and Managing Director

Address :

Radha Niwas, Shahapur, Belgaum-590003, Karnataka, India

Date of Birth/Age :

10.06.1942

Date of Appointment :

23.11.1994

DIN No.:

01144673

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	U67120KA1992PTC013362	SHIV SAI INVESTMENTS AND FINANCE PRIVATE LIMITED	Managing director	17-07-92	17-07-92	Active	NO
2	U85110KA1992PTC013361	OM KROWN SYSTEMS PRIVATE LIMITED	Managing director	17-07-92	17-07-92	Active	NO
3	U24290KA1994PTC016598	OMKROWN PHARAM-CHEM PRIVATE LIMITED	Managing director	23-11-94	23-11-94	Active	NO
4	U72300KA2003PTC032815	SRINIVAS INTELLISOURCE PRIVATE LIMITED	Director	05-11-03	05-11-03	Active	NO
5	U40101KA2003PTC032918	PAAEE POWER GENERATORS PRIVATE LIMITED	Managing director	25-11-03	25-11-03	Active	NO
6	U74900KA2011PTC057680	U.K. CORPORATE SOLUTIONS PRIVATE LIMITED	Director	17-03-11	17-03-11	Active	NO

Name :

Mr. Chandrakant Krishna Anavekar

Designation :

Director

Address :

Krishna Kunj, Bhagyanagar, Belgaum-590011, Karnataka, India

Date of Birth/Age :

02.11.1944

Date of Appointment :

23.11.1994

DIN No.:

01082334

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	U67120KA1992PTC013362	SHIV SAI INVESTMENTS AND FINANCE PRIVATE LIMITED	Director	17-07-92	17-07-92	Active	NO
2	U85110KA1992PTC013361	OM KROWN SYSTEMS PRIVATE LIMITED	Director	17-07-92	17-07-92	Active	NO
3	U24290KA1994PTC016598	OMKROWN PHARAM-CHEM PRIVATE LIMITED	Director	23-11-94	23-11-94	Active	NO
4	U72300KA2003PTC032815	SRINIVAS INTELLISOURCE PRIVATE LIMITED	Director	05-11-03	05-11-03	Active	NO
5	U40101KA2003PTC032918	PAAEE POWER GENERATORS PRIVATE LIMITED	Director	25-11-03	25-11-03	Active	NO

Name :

Mr. Rajesh Ramakant Anavekar

Designation :

Director

Address :

Radha Niwas, Shahapur, Belgaum-590003, Karnataka, India

Date of Birth/Age :

14.07.1966

Date of Appointment :

23.11.1994

DIN No.:

01136598

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	U67120KA1992PTC013362	SHIV SAI INVESTMENTS AND FINANCE PRIVATE LIMITED	Director	17-07-92	17-07-92	Active	NO
2	U85110KA1992PTC013361	OM KROWN SYSTEMS PRIVATE LIMITED	Director	17-07-92	17-07-92	Active	NO
3	U24290KA1994PTC016598	OMKROWN PHARAM-CHEM PRIVATE LIMITED	Director	23-11-94	23-11-94	Active	NO
4	U72300KA2003PTC032815	SRINIVAS INTELLISOURCE PRIVATE LIMITED	Director	05-11-03	05-11-03	Active	NO
5	U40101KA2003PTC032918	PAAEE POWER GENERATORS PRIVATE LIMITED	Director	25-11-03	25-11-03	Active	NO
6	U74900KA2011PTC057680	U.K. CORPORATE SOLUTIONS PRIVATE LIMITED	Director	17-03-11	17-03-11	Active	NO

Name :

Mr. Ulhas Krishna Anavekar Radhika,

Designation :

Director

Address :

Radhika, Kajubag, Karwar - 581 301, Karnataka, India

Date of Birth/Age :

03.05.1954

Date of Appointment :

23.11.1994

DIN No.:

01135959

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	U67120KA1992PTC013362	SHIV SAI INVESTMENTS AND FINANCE PRIVATE LIMITED	Director	17-07-92	17-07-92	Active	NO
2	U85110KA1992PTC013361	OM KROWN SYSTEMS PRIVATE LIMITED	Director	17-07-92	17-07-92	Active	NO
3	U24290KA1994PTC016598	OMKROWN PHARAM-CHEM PRIVATE LIMITED	Director	23-11-94	23-11-94	Active	NO
4	U40101KA2003PTC032918	PAAEE POWER GENERATORS PRIVATE LIMITED	Director	25-11-03	25-11-03	Active	NO
5	U74900KA2011PTC057680	U.K. CORPORATE SOLUTIONS PRIVATE LIMITED	Director	17-03-11	17-03-11	Active	NO

Name :

Mr. Vinayak Krishna Anavekar

Designation :

Director

Address :

Radha Krishna, Hindwadi, Belgaum – 590011, Karnataka, India

Date of Birth/Age :

28.12.1957

Date of Appointment :

23.11.1994

DIN No.:

01527914

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	U67120KA1992PTC013362	SHIV SAI INVESTMENTS AND FINANCE PRIVATE LIMITED	Director	17-07-92	17-07-92	Active	NO
2	U85110KA1992PTC013361	OM KROWN SYSTEMS PRIVATE LIMITED	Director	17-07-92	17-07-92	Active	NO
3	U24290KA1994PTC016598	OMKROWN PHARAM-CHEM PRIVATE LIMITED	Director	23-11-94	23-11-94	Active	NO
4	U40101KA2003PTC032918	PAAEE POWER GENERATORS PRIVATE LIMITED	Director	25-11-03	25-11-03	Active	NO

Name :

Mrs. Ramesh Krishna Anavekar

Designation :

Director

Address :

Radha Niwas, Shahapur, Belgaum-590003, Karnataka, India

Date of Birth/Age :

02.09.1947

Date of Appointment :

02.12.20010

DIN No.:

01410826

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	U67120KA1992PTC013362	SHIV SAI INVESTMENTS AND FINANCE PRIVATE LIMITED	Director	17-07-92	17-07-92	Active	NO
2	U85110KA1992PTC013361	OM KROWN SYSTEMS PRIVATE LIMITED	Director	17-07-92	17-07-92	Active	NO
3	U40101KA2003PTC032918	PAAEE POWER GENERATORS PRIVATE LIMITED	Director	25-11-03	25-11-03	Active	NO
4	U24290KA1994PTC016598	OMKROWN PHARAM-CHEM PRIVATE LIMITED	Director	02-12-10	02-12-10	Active	NO

Name :

Mrs. Tejasvi Rajesh Anavekar

Designation :

Director

Address :

Radha Niwas, Shahapur, Belgaum-590003, Karnataka, India

Date of Birth/Age :

22.07.1972

Date of Appointment :

02.12.2010

DIN No.:

03324831

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 29.09.2011)

Names of Shareholders	No. of Shares
Ramakant Krishna Anavekar	3051
Chandrakant Krishna Anavekar	1255
Ramesh Krishna Anavekar	1624
Ulhas Krishna Anavekar	3050
Vinayak Krishna Anavekar	2000
Rajesh Ramakant Anavekar	7060
Vinayak Krishna Anavekar (HUF)	250
Radha Ramakant Anavekar	2000
Geeta Ramesh Anavekar	2000
Sameer C Anavekar	1200
Rekha Ramakant Anavekar	550
Anjali Chandrakant Anavekar	345
Atul Ulhas Anavekar	885
Deepali Ramesh Anavekar	830
Kishan Vinayak Anavekar	1450
Sanjay Ramakant Anavekar	480
Sumant Ramesh Anavekar	2780
Sumeet Ulhas Anavekar	920
Tejaswi Rajesh Anavekar	2020
Ulhas Krishna Anavekar (HUF)	1250
Aishwarya Rajesh Anavekar	2000
Amulya Rajesh Anavekar	1500
Aditya Rajesh Anavekar	1500
Total	40000

(AS ON 30.09.2011)

Equity Shares Break – up

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Active Pharmaceutical Ingredients and Bulk Drug Intermediate

PRODUCTION STATUS (AS ON 31.03.2011)

Particulars	2010-2011
Capacity	40 MT PA
Production	ADN - 380 Kgs Ferrocen - 44 Kgs THPE - 9800 Kgs GAD - 1530 Kgs 3NPDN -1020 Kgs SPCP - 200 Kgs Pot Phth - 120 Kgs 4 M 3NBA – 10 Kgs XLNT - 1325 Kgs

GENERAL INFORMATION

Customers :

· BASF Schweiz AG

· Sabic Innovative Plastics USA

· Honeywell Germany

No. of Employees :

Not Available

Bankers :

· Bank of India

Shahapur (Belgaum), Branch, No.278/1A-2, dr. S.P.M. Road, Shahpur, Belgaum – 590003, Karnataka, India

Facilities :

Secured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)
Working Capital Loans Banks secured	4.728	4.291
Total	4.728	4.291

Banking Relations :	--
Auditors :
Name :	JDK and Associates Chartered Accountant
Address :	No.1, First Floor, Shahapukar Complex, Gondhali Galli, Belgaum – 590002, Karnataka, India
Tel. No.:	91-831-2430054 (O)/ 2481342 (R)
Mobile No.:	91-9449293654
PAN No.:	ABYPK6810H

CAPITAL STRUCTURE

(AS ON 29.09.2011)

Authorised Capital :

No. of Shares	Type	Value	Amount
40000	Equity Shares	Rs.100/- each	Rs.4.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
40000	Equity Shares	Rs.100/- each	Rs.4.000 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		4.000	4.000	4.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		6.856	11.043	10.343
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		10.856	15.043	14.343
LOAN FUNDS
1] Secured Loans		4.728	4.291	0.109
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		4.728	4.291	0.109
DEFERRED TAX LIABILITIES		0.154	0.154	0.142
TOTAL		15.738	19.488	15.594
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		9.692	8.832	8.635
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	2.296	2.130
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	14.569	16.188	16.208
	Sundry Debtors	7.020	7.036	6.604
	Cash & Bank Balances	3.618	0.467	0.527
	Other Current Assets	0.521	0.636	0.636
	Loans & Advances	0.000	0.000	0.000
Total Current Assets		25.728	24.327	23.975
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	19.682	15.967	20.146
	Other Current Liabilities	0.000	0.000	0.000
	Provisions	0.000	0.000	0.000
Total Current Liabilities		19.682	15.967	20.146
Net Current Assets		6.046	8.360	3.829
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		15.738	19.488	14.594

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Sales and Other Income	16.560	29.722	42.314
		TOTAL (A)	16.560	29.722	42.314
Less	EXPENSES
		Cost of Goods Sold		17.422	31.154
		Manufacturing Expenses		8.500	7.513
		Office expenses	19.095	2.280	1.860
		Forex Exchange Loss		0.000	0.000
		Advertising Expenses
		TOTAL (B)	19.095	28.202	40.527
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(2.535)	1.520	1.787
Less	FINANCIAL EXPENSES (D)		0.612	0.159	0.457
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(3.147)	1.361	1.330
Less/ Add	DEPRECIATION/ AMORTISATION (F)		1.040	1.028	0.977
	PROFIT BEFORE TAX (E-F) (G)		(4.187)	0.333	0.353
Less	TAX (H)		0.000	0.012	0.053
	PROFIT AFTER TAX (G-H) (I)		(4.187)	0.321	0.300
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		3.703	3.381	3.080
	BALANCE CARRIED TO THE B/S		(0.484)	3.702	3.381
	Earnings Per Share (Rs.)		(104.68)	8.03	--

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	(25.28)	1.08	0.70
Return on Total Assets (PBT/Total Assets}	(%)	(11.82)	1.00	1.08
Return on Investment (ROI) (PBT/Networth)		(0.39)	0.02	0.02
Debt Equity Ratio (Total Liability/Networth)		2.25	1.34	1.41
Current Ratio (Current Asset/Current Liability)		1.31	1.52	1.19

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	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 in the business	Yes
Details of sister concerns	No
Major Suppliers	No
Major Customers	Yes
Payments Terms	No
Export/ Imports Details (If applicable)	No
Market Information	-----
Litigations that the firm/ Promoters Involved in	-----
Banking details	Yes
Banking Facility Details	Yes
Conduct of the Banking Account	-----
Buyer visit details	-----
Financials, if provided	Yes
Incorporation details is applicable	Yes
Last Accounts filed at ROC	Yes
Major Shareholders, if available	Yes

FINANCIAL REVIEW:

TURNOVER:

The company has continued to maintained satisfactory position as compared to previous year.

FORM 8:

This form is for	Modification of charge
Charge identification number of the modified	80048951
Corporate identity number of the company	U24290KA1994PTC016598
Name of the company	OMKROWN PHARAM-CHEM PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	Kalyani Apartments, Bharatnagar, Shahapur, Belgaum Nagar, Shahapur, Belgaum – 590003, Karnataka, India
Type of charge	Immovable proprietary Book Debts Movable Property Others: Stock, Machines etc.
Particular of charge holder	Bank of India Shahapur (Belgaum), Branch, No.278/1A-2, dr. S.P.M. Road, Shahpur, Belgaum – 590003, Karnataka, India jsurya@vsnl.com
Nature of description of the instrument creating or modifying the charge	Supplemental Deed of Hypothecation Supplemental Memorandum of deposits of title deeds Memorandum Evidencing Creation of Equitable Mortgage (All the documents relate to the same modification)
Date of instrument Creating the charge	15.09.2008
Amount secured by the charge	Rs.10.712 Millions
Brief particulars of the principal terms and conditions and extent and operation of the charge	Rate of Interest Interest @ 0.50% above BOIBPLR presently 14.50% p.a. Terms of Repayment CC : Repayable on demand TL : Repayable in 60 EMI of Rs. 22,120/- each commencing form April 2006 Margin As Applicable Extent and Operation of the charge Charge extends by way of first charge on all the assets throughout the period of sanctioned limits. Others NA
Short particulars of the property charged	Hypothecation of the whole of the present and future stocks of raw materials, such as chemicals, finished and semi-finished speciality chemicals, spare parts, components (including spare parts and stores relating to plant and machinery), book debts, outstanding, money receivables, claims, bills, all tangible movable plant and machineries, etc belonging to the company. EM on co's immovable properties situated at No. 422/4, Goa Road, Macche Village, Belgaum - 590 014.
Date of latest modification prior to the present modification	03/03/2006
Particulars of the present modification	Total limits enhanced from Rs.8.500 Millions to Rs. 10.712 Millions. All other terms, conditions and existing securities to continue.

FIXED ASSETS:

· Factory Building

· Plant and Machinery

· Other Fixed Assets

· Computer

· Motor Vehicles

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.56.31
UK Pound	1	Rs.88.06
Euro	1	Rs.70.91

INFORMATION DETAILS

Report Prepared by :

NIT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	--
--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		30

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.