MIRA INFORM REPORT

Report Date :

03.03.2012

IDENTIFICATION DETAILS

Name :	AGARWAL RUBBER LIMITED

Registered Office :	H No. 15-1-503/ 49/ A, Ashok Market, Siddiambazar Road, Hyderabad – 500012, Andhra Pradesh

Country :	India

Financials (as on) :	31.03.2011

Date of Incorporation :	19.03.1983

Com. Reg. No.:	01-003868

Capital Investment / Paid-up Capital :	Rs.82.700 Millions

CIN No.: [Company Identification No.]	U25199AP1983PLC003868

TAN No.: [Tax Deduction & Collection Account No.]	HYDA03761C

PAN No.: [Permanent Account No.]	AABCA7371G

Legal Form :	A Closely Held Public Limited Liability Company

Line of Business :	Manufacturer and Importer of High Quality Automobile Butyl Tubes.

No. of Employees :	350 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 723000

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 as fair. Business is active. Payments are reported to be slow but correct. The company can be considered for small 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 :	H No. 15-1-503/ 49/ A, Ashok Market, Siddiambazar Road, Hyderabad – 500012, Andhra Pradesh, India
Tel. No.:	91-40-24734152/ 24616517/ 24616518
Mobile No.:	91-9849000900 (Mr. Amit Kumar Agaral)
Fax No.:	91-40-24744734/ 24616518
E-Mail :	hyd1_arl@sancharnet.in agarwalrubberltd@rediffmail.com info@agarwalrubber.net amitagarwal@agarwalrubber.net marketing@agarwalrubber.net gupta@agarwalrubber.net
Website :	http://www.agarwalrubber.net
Area :	4500 sq. ft.
Location :	Owned

Corporate Office/ Factory :	Plot No. C – 8 to C – 11, Industrial Estate, Patancheru, Medak – 502320, Andhra Pradesh, India
Tel. No.:	91-8455-242136/285994/ 325538/ 285453/ 54/ 55
Fax No.:	91-8455-242124

Overseas Office :	P.O.BOX NO. 172875, Deira, DUBAI (UAE)

Correspondence Address :	ARL TRADING LLC SH-2, Naïf Building, Near Al Makhtoum Hospital (exit gate), DEIRA, DUBAI, (UAE)
Tel. No.:	00971-4 224 1991
E-Mail :	khatri24@agarwalrubber.net dubai@agarwalrubber.net arltyers@eim.ae

DIRECTORS

As on 30.09.2011

Name :

Mr. Deendayal Agarwal

Designation :

Chairman and Managing Director

Address :

5-9-30/1/8, Palace Colony, Basheerbagh, Hyderabad- 500029, Andhra Pradesh, India

Date of Birth/Age :

14.08.1949

Date of Appointment :

19.03.1983

DIN No.:

00918354

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U25199AP1983PLC003868	AGARWAL RUBBER LIMITED	Managing director	19-03-83	19-03-83	-	Active	NO
2	U25190AP1995PLC020787	TM TYRES LIMITED	Managing director	22-06-95	22-06-95	12-11-07	Active	NO
3	U25111AP1995PLC020874	TM CONSTRUCTIONS LIMITED	Director	29-06-95	29-06-95	12-11-07	Active	NO

Name :

Mr. Shyam Sunder Agarwal

Designation :

Director

Address :

H No. 7-360, Ganga Reddy Road, Mancherial Adilabad - 504208, Andhra Pradesh, India

Date of Birth/Age :

17.01.1953

Date of Appointment :

19.03.1983

DIN No.:

01373712

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U25199AP1983PLC003868	AGARWAL RUBBER LIMITED	Director	19-03-83	19-03-83	-	Active	NO
2	U25111AP1995PLC020874	TM CONSTRUCTIONS LIMITED	Director	29-06-95	29-06-95	30-10-07	Active	NO
3	U25199AP2006PTC051539	TEESHA RUBBER PRIVATE LIMITED	Director	06-11-06	06-11-06	-	Active	YES

Name :

Mr. Amit Kumar Agarwal

Designation :

Director

Address :

5-9-30/1/8, Palace Colony, Basheerbagh, Hyderabad 500029, Andhra Pradesh, India

Date of Birth/Age :

27.10.1979

Date of Appointment :

11.11.2002

DIN No.:

01375413

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U67120AP1992PLC014220	H.G.PORTFOLIO MANAGEMENT YIMITED	Director	28-09-02	28-09-02	-	Active	NO
2	U25199AP1983PLC003868	AGARWAL RUBBER LIMITED	Director	11-11-02	11-11-02	-	Active	NO
3	U45201AP2006PTC050184	GEHNA PROJECTS PRIVATE LIMTIED	Director	25-05-06	25-05-06	-	Active	NO
4	U25199AP2006PTC051539	TEESHA RUBBER PRIVATE LIMITED	Director	06-11-06	06-11-06	-	Active	YES
5	U92132AP2001PTC038074	HORIZON TELEVISION PRIVATE LIMITED	Director	01-09-07	01-09-07	-	Active	YES
6	U25119AP2008PTC057658	AGARWAL TYRE N WHEEL INDIA PRIVATE LIMITED	Director	19-02-08	19-02-08	-	Active	NO
7	U25190AP2011PTC075366	AGARWAL RECLAIM AND RUBBER PRODUCTS PRIVATE LIMITED	Director	05-07-11	05-07-11	-	Active	NO

Name :

Mr. Naval Kishore Agarwal

Designation :

Additional Director

Address :

5-9-30/1/8, Palace Colony, Basheerbagh, Hyderabad 500029, Andhra Pradesh, India

Date of Birth/Age :

08.04.1977

Date of Appointment :

12.11.2007

DIN No.:

01719182

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U25190AP1995PLC020787	TM TYRES LIMITED	Director	03-07-95	03-07-95	01-11-07	Active	NO
2	U67120AP1992PLC014220	H.G.PORTFOLIO MANAGEMENT YIMITED	Director	27-03-03	27-03-03	-	Active	NO
3	U72200AP1998PLC030577	MAK RUBBER INDIA LIMITED	Director	27-03-03	27-03-03	19-10-07	Active	NO
4	U25199AP1983PLC003868	AGARWAL RUBBER LIMITED	Additional director	12-11-07	12-11-07	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders		No. of Shares
Deen Dayal Agarwal		79710
Shyam Sunder Agarwal		154250
Ashok Kumar Agarwal		36590
Ginni Bai		71355
Santosh Kumri		12400
Santosh Kumri		18940
Sunitha Kumri		1375
Sheetal Agarwal		2805
Naval Kishore Agarwal		45840
Mahesh Kumar Kuhari		60740
Master Tarush		13730
Amit Agarwal		67045
Renuka Agarwal		2090
Trupti Agarwal		5100
H G Portelio and Management Limited		138920
Deen Dayal Agarwal - HUF		2000
Shyam Sunder Agarwal - HUF		6000
Mukhram Deen Dayal – HUF		5000
Komal Agarwal		103110
TOTAL		827000

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2011

Category	Percentage
Bodies corporate	16.80
Directors or relatives of Directors	83.20
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Importer of High Quality Automobile Butyl Tubes.

Products :

Item Code No. (ITC Code)	40.13
Product Description	Automobile Rubber Tyres and Tubes

Item Code No. (ITC Code)	40.13
Product Description	Full Circle curing bags for Tyre retreading

Item Code No. (ITC Code)	40.13
Product Description	Rubber Envelopes for Tyre Retreading

GENERAL INFORMATION

No. of Employees :

350 (Approximately)

Bankers :

State Bank of Hyderabad, Gunfoundry Branch, ABIDS Road, Hyderabad – 500001, Andhra Pradesh, India
State Bank of Hyderabad-, C and I Banking Division, Gunfoundry Branch, Gunfoundry, Hyderabad – 500177, Andhra Pradesh, India
ICICI Bank Limited
HDFC Bank Limited
INDUSIND Bank Limited
Kotak Mahindra Bank

Facilities :

Secured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Working capital loans banks secured	326.603	255.454
Loans taken for vehicles secured	4.762	17.041
Loans taken for other fixed assets secured	33.618	19.562
Total	364.983	292.057

Unsecured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Loans subsidiaries unsecured	128.012	105.410
Hire purchase installment payable unsecured	10.898	6.936
Total	138.910	112.346

Banking Relations :	--

Auditors :
Name :	Giridhar and Company Chartered Accountants
Address :	8-2-162, Flat No.102, Rock View Apartments, Srinagar Colony Road, Panjagutta, Hyderabad-500 082, Andhra Pradesh, India
Tel. No.:	91-40-23753317
Mobile No.:	91-9490186900
E-Mail :	giridhargovada@yahoo.com
PAN.:	ACVPG2321B

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
1300000	Equity Shares	Rs.100/- each	Rs.130.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
827000	Equity Shares	Rs.100/- each	Rs.82.700 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		82.700	82.700	82.700
2] Share Application Money		44.300	18.000	18.000
3] Reserves & Surplus		53.853	42.453	35.499
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		180.853	143.153	136.199
LOAN FUNDS
1] Secured Loans		364.983	292.057	242.221
2] Unsecured Loans		138.910	112.346	60.900
TOTAL BORROWING		503.893	404.403	303.121
DEFERRED TAX LIABILITIES		9.556	9.556	0.000

TOTAL		694.302	557.112	439.320

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		234.599	206.145	156.738
Capital work-in-progress		0.000	7.008	0.000

INVESTMENT		0.073	0.073	0.073
DEFERREX TAX ASSETS		0.000	0.000	0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	322.697	214.640	144.686
	Sundry Debtors	320.214	239.957	193.755
	Cash & Bank Balances	30.344	21.428	13.046
	Other Current Assets	9.242	17.861	0.000
	Loans & Advances	46.268	48.144	64.047
Total Current Assets		728.765	542.030	415.534
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	252.343	180.280	120.854
	Other Current Liabilities	13.872	14.641	9.566
	Provisions	3.065	3.440	2.895
Total Current Liabilities		269.280	198.361	133.315
Net Current Assets		459.485	343.669	282.219

MISCELLANEOUS EXPENSES		0.145	0.217	0.290

TOTAL		694.302	557.112	439.320

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	1270.323	1085.743	917.776
		Other Income	16.564	15.943	34.169
		TOTAL (A)	1286.887	1101.686	951.945

Less	EXPENSES
		Consumption materials changes inventories	861.283	734.686	877.149
		Manufacturing service costs	224.978	183.182
		Employee related expenses	67.002	60.780
		Administrative selling other expenses	33.892	33.203
		TOTAL (B)	1187.155	1011.851	877.149

Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		99.732	89.835	221.015

Less	FINANCIAL EXPENSES (D)		47.864	39.229	33.593

	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		51.868	50.606	187.422

Less/ Add	DEPRECIATION/ AMORTISATION (F)		37.404	30.656	21.105

	PROFIT BEFORE TAX (E-F) (G)		14.464	19.950	20.098

Less	TAX (H)		3.065	12.996	2.895

	PROFIT AFTER TAX (G-H) (I)		11.399	6.954	17.203

Less:	Income Tax/ FBT- Earlier Year		0.000	0.000	3.067

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		41.800	34.846	20.709

	BALANCE CARRIED TO THE B/S		53.199	41.800	34.846

	EARNINGS IN FOREIGN CURRENCY		NA	489.573	528.948

	IMPORTS		NA	191.333	164.115

	Earnings Per Share (Rs.)		13.78	8.41	20.80

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.89	0.63	1.81

Net Profit Margin (PBT/Sales)	(%)	1.14	1.84	2.19

Return on Total Assets (PBT/Total Assets}	(%)	1.50	2.64	3.51

Return on Investment (ROI) (PBT/Networth)		0.08	0.14	0.15

Debt Equity Ratio (Total Liability/Networth)		4.28	4.21	3.20

Current Ratio (Current Asset/Current Liability)		2.71	2.73	3.12

LOCAL AGENCY FURTHER INFORMATION

FORM 8

Corporate identity number of the company	U25199AP1983PLC003868
Name of the company	AGARWAL RUBBER LIMITED
Address of the registered office or of the principal place of business in India of the company	H No. 15-1-503/ 49/ A, Ashok Market, Siddiambazar Road, Hyderabad - 500012, Andhra Pradesh, India agarwalrubberltd@rediffmail.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	90123504
Type of charge	Book Debts Movable Property Immovable Property Floating Charge
Particular of charge holder	State Bank of Hyderabad, C and I Banking Division, Gunfoundry Branch, Gunfoundry, Hyderabad – 500177, Andhra Pradesh, India vichapra@gmail.com
Nature of instrument creating charge	1.Sanction Letter 2.Supplemental Agreement of Loan for increase in the Overall Limit.C.1-A 3.Supplemental Agreement of Hypothecation of Goods And Assets for increase in the Overall Limit, C.2-A 4.Supplemental Deed of Guarantee for increase in overall limit, C.4-A 5.Letter regarding the grant of individual limits within the overall limit, C.5 6.Memorandum of Deposit of Title Deeds (Extension of Charge)
Date of instrument Creating the charge	28.01.2012
Amount secured by the charge	Rs.800.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Interest on Cash Credit is 4.25% above base rate (floating) and on STCL at 5.25% above base rate. Terms of Repayment Working capital limits are repayable on demand. STCL-2 of Rs.20.000 millions will be repayable in 36 Monthly Installments of Rs.0.556 millions each commencing from April 2011. STCL-3 of Rs.30.000 millions will be repayable in 36 Monthly Installments of Rs 0.833 millions each commencing from April 2012. Margin Margin on Stocks 25%, (on imported stocks 15%), on book debts 50%, On LC and BG 10%, Extent and Operation of the charge 1st charge on and hypothecation of stocks, book debts and other current assets both present and future. 1st charge on land and buildings, plant and machinery and other movable and immovable properties of the Company both present and future. Extension of equitable mortgage in respect of company properties at H.No.1-8-344, patigadda, Begumpet, Hyderabad admeasuring 410 sq. yds for securing the enhanced limits of Rs.775.000 millions Others Cash Credit Rs.350.000 millions LC Limit Rs.370.000 millions BG Limit Rs.10.000 millions Bill Discounting Limit Rs.20.000 millions STCL - 2 Rs.20.000 millions STCL - 3 Rs.30.000 millions
Short particulars of the property or asset(s) charged (including complete address and location of the property)	First Charge on current assets of Stocks, book debts and other movable assets both present and future. First charge on Fixed assets of land and buildings, plant and machinery, and other movable fixed assets of the company both present and future. H.No.1-8-344, Patigadda, Begumpet, Hyderabad standing in the name of the Company admeasuring 410 sq.yds. Shop # 8, Gr.floor in Sy # 5-9-191,Brindavan (pooja Complex),Chirag ali lane, Hyderabad admeasuring 2557.75 sq.ft (held in the name of Sri Naval Kishore Agarwal). Commercial complex in Sy # 18-151/1 in plot # 8,9,10 situated at Chennoor, PWD Road, Sy # 89, Macherial to the extent of 3755 sq.yds (held in the name of Srhi Deen Dayal Agarwal). Open Plot No.451/1, at Chunnam Battiwada, Mancherial, to the extent of 25047 sq.yds, standing in the name of Sri Amit Agarwal. Open Plot # 57, 57/RU/LU to the extent of 4260 sq.yds at Garimella, Macherial standing in the name of Sri Deen Dayal Agarwal. Open Plot # 16 to the extent of 10 guntas situated at Guttala Begumpet (V), Serilingampally (M), Ranga Reddy Dist. standing in the name of Sri Anurag Gupta. EMT of Plot # C-8, 9, 10, 11 and E -6 located at IDA Phase-I, Patancheru Medak Dist. held in the name of the Company. Personal guarantee of the Shri Deen Dayal Agarwal, Shri Shyam Sundar Agarwal, Shri Naval Kishore Agarwal, Shri Amit Kumar Agarwal, Shri Anurag Gupta, directors and others.
Date of instrument modifying the charge	29.08.2011
Particulars of the present modification	Limits have been enhanced to Rs.800.000 millions 1st charge on and hypothecation of stocks, book debts and other current assets both present and future. 1st charge on land and buildings, plant and machinery and other movable and immovable properties of the Company both present and future. Extension of EMT in respect of company properties at 1)H.No.1-8-344, patigadda, Begumpet, Hyderabad admeasuring 410 sq.yds, 2.Plot # 8,9,10,11,E-6,IDA, Phase-I, Patancheru,Medak Dist .Personal guarantee of the Directors.

FIXED ASSETS:

Land
Building
Plant and Machinery
Technical Know-How
Furniture
Office Equipment
Tools
Electrical Equipment
Vehicles
Moulds
Capital Work-in-process

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.49.35
UK Pound	1	Rs.78.68
Euro	1	Rs.65.63

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	2
--CREDIT LINES	1~10	3
--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		27

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

322.697

214.640

144.686

320.214

239.957

193.755

30.344

21.428

13.046

9.242

17.861

0.000

46.268

48.144

64.047

728.765

252.343

180.280

13.872

14.641

9.566

3.065

3.440

2.895

269.280

459.485

343.669

282.219

0.89

0.63

1.14

1.84

1.50

2.64

0.08

0.14

4.28

4.21

2.71

2.73

Unit