1. Summary Information

		Country	India
Company Name	AGS TRANSACT TECHNOLOGIES LIMITED	Principal Name 1	Mr. Ravi Badrinarain Goyal
Status	Satisfactory	Principal Name 2	Mr. Badrinarain Kunjbihari Goyal
		Registration #	173572
Street Address	601-602, Trade World, B-Wing, Kamala Mill Compound, Senapati Bapat Marg, Lower Parel, Mumbai – 400 013, Maharashtra
Established Date	11.12.2002	SIC Code	--
Telephone#	91-22-66602659 / 67812000	Business Style 1	Manufacturer
Fax #	91-22-24935384	Business Style 2	Trading of ATM and Others.
Homepage	http://www.agsindia.com	Product Name 1	Equipment Body for BT Manual Dispenser
# of employees	1500 (Approximately)	Product Name 2	--
Paid up capital	Rs.187,500,000/-	Product Name 3	--
Shareholders	Foreign holdings - 4.39 % Directors or relatives of directors - 95.61 %	Banking	YES Bank Limited
Public Limited Corp.	NO	Business Period	9 Years
IPO	NO	International Ins.	-
Public Enterprise	NO	Rating	Ba (47)
Related Company
Relation	Country	Company Name	CEO
Subsidiaries	--	India Transact Services Private Limited	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	1549,236,000	Current Liabilities	774,287,000
Inventories	639,594,000	Long-term Liabilities	1273,032,000
Fixed Assets	610,467,000	Other Liabilities	28,133,000
Deferred Assets	000	Total Liabilities	2075,452,000
Invest& other Assets	45,891,000	Retained Earnings	582,236,000
		Net Worth	769,736,000
Total Assets	2845,188,000	Total Liab. & Equity	2845,188,000
Total Assets (Previous Year)	1957,552,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	2461,168,000	Net Profit	56,347,000
Sales(Previous yr)	2774,453,000	Net Profit(Prev.yr)	206,795,000

MIRA INFORM REPORT

Report Date :

20.03.2012

IDENTIFICATION DETAILS

Name :	AGS TRANSACT TECHNOLOGIES LIMITED (w.e.f. 20.07.2010)
Formerly Known As :	AGS TRANSACT TECHNOLOGIES PRIVATE LIMITED (w.e.f. 03.06.2010) AGS INFOTECH PRIVATE LIMITED
Registered Office :	601-602, Trade World, B-Wing, Kamala Mill Compound, Senapati Bapat Marg, Lower Parel, Mumbai – 400 013, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	11.12.2002
Com. Reg. No.:	11-138213
Capital Investment / Paid-up Capital :	Rs.187.500 millions
CIN No.: [Company Identification No.]	U72200MH2002PLC138213
TAN No.: [Tax Deduction & Collection Account No.]	MUMA18573C
PAN No.: [Permanent Account No.]	AAECA0901H
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of Equipment Body for BT Manual Dispenser and Trading of ATM and Others.
No. of Employees :	1500 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

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

Maximum Credit Limit :	USD 3100000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. There appears some dip in the profitability of the company. However, networth appears to be satisfactory. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual trade terms and conditions.

NOTES :

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

INFORMATION PARTED BY

Name :	Mr. Anand Agarwal
Designation :	Chief Executive Officer
Contact No.:	91-22-67812000

LOCATIONS

Registered Office / Head Office :	601-602, Trade World, B-Wing, Kamala Mill Compound, Senapati Bapat Marg, Lower Parel, Mumbai – 400 013, Maharashtra, India
Tel. No.:	91-22-66602659 / 67812000
Mobile No.:	91-9223191588 (Ms. Suja Kulkarni)
Fax No.:	91-22-24935384
E-Mail :	suja.kulkarni@agsindia.com ravi_goyal@agsindia.com
Website :	http://www.agsindia.com
Location :	Owned
Factory :	Located at · Pondicherry · Tamilnadu
Warehouse :	Located at Panvel
Branch Office :	Located at · Navi Mumbai · Daman · Ahmedabad · Panvel · Amritsar · Bengaluru · Chennai · Chandigarh · Cochin · Cuttack · Guwahati · Delhi · Jaipur · Kolkata · Lucknow · Jammu · Hyderabad · Indore · Surat · Patna · Pune · Puducherry · Tirupur

DIRECTORS

As on 09.09.2011

Name :	Mr. Ravi Badrinarain Goyal
Designation :	Chairman and Managing Director
Address :	203, Shreenath Niwas, Poddar Road, Santacruz (West), Mumbai – 400 054, Maharashtra, India
Date of Birth/Age :	02.05.1962
Qualification :	B.E. (Electrical)
Date of Appointment :	11.12.2002
Election Commission Identity Card No.:	KNF1217546
DIN No.:	01374288

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U72200MH2002PLC138213	AGS Transact Technologies Limited	Managing director	01-08-10	11-12-02	Active	NO
2	U74999MH2003PTC139495	Fillon Technologies India Private Limited	Director	01-04-10	06-03-03	Active	NO
3	U72200MH2006PTC161398	AGS Sundyne Technologies Private Limited	Director	26-04-06	26-04-06	Active	NO
4	U72900MH2007PTC172249	India Transact Services Private Limited	Director	11-07-07	11-07-07	Active	NO
5	U24119KA1984PTC006178	Instruments Research Associates Private Limited	Director	01-04-10	05-03-08	Active	NO

Name :	Mr. Badrinarain Kunjbihari Goyal
Designation :	Director
Address :	204, Shreenath Niwas, Poddar Road, Santacruz (West), Mumbai – 400 054, Maharashtra, India
Date of Birth/Age :	09.05.1940
Qualification :	Electronics Diploma Engineer
Date of Appointment :	11.12.2002
Election Commission Identity Card No.:	MT/08/038/0144771
DIN No.:	01679378

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	U72200MH2002PLC138213	AGS Transact Technologies Limited	Director	11-12-02	11-12-02	-	Active	NO
2	U74999MH2003PTC139495	Fillon Technologies India Private Limited	Director	19-05-03	19-05-03	-	Active	NO
3	U72200MH2006PTC161398	AGS Sundyne Technologies Private Limited	Director	26-04-06	26-04-06	04-05-11	Active	NO
4	U72900MH2007PTC172249	India Transact Services Private Limited	Director	30-09-09	15-04-09	-	Active	NO

Name :	Mr. Sudip Bandyopadhyay
Designation :	Director
Address :	Ansal Heights Flat No. 1801, 18th Floor, Block - B, Worli Naka, Mumbai - 400 018, Maharashtra, India
Date of Birth/Age :	06.04.1964
Qualification :	CA and Cost Accountant
Date of Appointment :	20.09.2010
DIN No.:	00007382

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	U65990MH2005PLC154052	Reliance Securities Limited	Whole-time director	01-10-08	17-06-05	14-10-09	Active	NO
2	U51100MH2005PLC154611	Reliance Commodities Limited	Director	08-07-05	08-07-05	14-10-09	Active	NO
3	U65990MH2005PLC155675	Reliance Financial Limited	Director	26-08-05	26-08-05	05-08-09	Active	NO
4	U65990MH1994PLC082324	Reliance Composite Insurance Broking Limited	Director	30-12-05	30-12-05	29-07-09	Active	NO
5	U67120MH2006PLC160589	Reliance Money Infrastructure Limited	Director	31-07-07	20-03-06	23-03-09	Active	NO
6	U74999MH2002PLC138032	Reliance Money Express Limited	Director	29-11-06	29-11-06	29-07-09	Active	NO
7	U91990MH2005NPL150579	Sife India	Director	28-09-07	03-04-07	08-09-11	Active	NO
8	U75131GJ2001PLC040281	National Multi-Commodity Exchange of India Limited	Director appointed in casual vacancy	29-08-08	29-08-08	04-09-09	Active	NO
9	L99999MH1986PLC039660	Wall Street Finance Limited	Director	23-09-11	30-10-08	-	Active	NO
10	U74900GJ2008PLC055435	National Agriculture Produce Marketing Company Of India Limited	Director	14-11-08	14-11-08	07-12-09	Active	NO
11	U65999MH2009PLC189285	Reliance Wealth Management Limited	Director	01-01-09	01-01-09	29-07-09	Active	NO
12	U74990MH2009PLC189525	Reliance Spot Exchange Infrastructure Limited	Director	12-01-09	12-01-09	29-07-09	Active	NO
13	U74990MH2009PLC189526	Reliance Cwt India Limited	Director	12-01-09	12-01-09	29-07-09	Active	NO
14	U93090UP2007PTC033308	Spice Investments and Finance Advisors Private Limited	Additional director	24-11-09	24-11-09	13-04-10	Active	NO
15	U65993KA2010PTC052219	Convexity Solutions And Advisors Private Limited	Director	01-01-11	12-03-10	30-05-11	Active	NO
16	U72200MH2002PLC138213	AGS Transact Technologies Limited	Director	20-09-10	16-09-10	-	Active	NO
17	U67120MH2005PTC156678	Destimoney Securities Private Limited	Managing director	12-08-11	10-03-11	-	Active	NO
18	U67110MH2011PTC216038	Destimoney Distribution And Advisory Services Private Limited	Director	11-04-11	11-04-11	-	Active	NO

Name :	Mr. Varun Kapur
Designation :	Nominee Director
Address :	# 06 - 01, Astrid Meadows, 48A Coronation Road West, Singapore, 269263, Singapore
Date of Birth/Age :	26.03.1969
Date of Appointment :	07.06.2011
DIN No.:	01499679

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U67190MH2007PTC176715	TPG Growth Advisors (India) Private Limited	Director	12-12-07	12-12-07	Active	NO
2	U72200MH2002PLC138213	AGS Transact Technologies Limited	Nominee director	07-06-11	07-06-11	Active	NO

Name :	Mr. Suraj Parkash Chaudhry
Designation :	Director
Address :	Flat No 2201, 22nd Floor, Light Bridge, Hiranandani Meadows, Pokhran Raod, No. 2, Thane West – 400 610, Maharashtra, India
Date of Birth/Age :	26.08.1949
Qualification :	Mechanical Engineer
Date of Appointment :	20.09.2010
DIN No.:	03233435

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U72200MH2002PLC138213	AGS Transact Technologies Limited	Director	20-09-10	16-09-10	Active	NO

Name :	Mr. Vishwarupe Narain
Designation :	Nominee Director
Address :	Flat NO 509, Mansarovar BLDG, 5/6, MT Pleasant Road, Malabar Hill, Mumbai, 400006, Maharashtra, India
Date of Birth/Age :	12.08.1974
Date of Appointment :	07.06.2011
DIN No.:	03394320

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	U18202DL2003PLC121787	Lilliput Kidswear Limited	Alternate director	10-12-10	10-12-10	25-02-11	Active	NO
2	U72200MH2002PLC138213	AGS Transact Technologies Limited	Nominee director	07-06-11	07-06-11	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Rashmi Chhotalal Sarvaiya
Designation :	Company Secretary
Address :	B/35, Shanti Sadan, Shanker Lane, Kandivali (West), Mumbai – 400 067, Maharashtra, India
Date of Birth/Age :	08.05.1983
Date of Appointment :	16.09.2010
PAN No.:	BGWPS7759D
Name :	Mr. Anand Agarwal
Designation :	Chief Executive Officer

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 09.09.2011

Names of Equity Shareholders	No. of Shares
Ravi Badrinarain Goyal	17739931
TPG Star SF Pte Limited, Singapore	822549
Badrinarain Kunjbihari Goyal	187500
Anupama Ravi Goyal	4
Vimla Badrinarain Goyal	4
Kiran Badrinarain Goyal	4
Nidhi Kiran Goyal	4
Neha Ravi Goyal	4
Total	18750000

Names of Preference Shareholders	No. of Shares
TPG Star SF Pte Limited, Singapore	5140929
Total	5140929

As on 09.09.2011

Equity Share Breakup	Percentage of Holding
Category
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	4.39
Directors or relatives of directors	95.61
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Equipment Body for BT Manual Dispenser and Trading of ATM and Others.

Products :

Product Description	ITC Code
BT – Tintmaster	847989
POS	84713010
ATM	84729090

Imports :

Products :

· ATM Parts

· Technology Parts

Countries :

· Germany

· France

· China

Terms :

Selling :

Credit – Cheque

Purchasing :

L/C and Credit – Cheque

GENERAL INFORMATION

Customers :

Large Organizations

No. of Employees :

1500 (Approximately)

Bankers :

· YES Bank Limited

9^th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400 018, Maharashtra, India

· Corporation Bank

104, Bharat House, Ground Floor, B. S. Marg, Fort, Mumbai – 400 023, Maharashtra, India

· Citibank

· Standard Chartered Bank

· ICICI Bank

· State Bank of India

· Oriental Bank of Commerce

· HDFC Bank

Facilities :

Secured Loans	As on 31.03.2011 Rs. in millions	As on 31.03.2010 Rs. in millions
Rupee term loans banks secured	193.808	0.000
Working capital loans banks secured	120.000	146.358
Other debt secured	796.574	547.644
Interest accrued due other debt secured	2.027	1.718
Total	1112.409	695.720

Note

Other debt secured includes Short term loan from Buyers Credit, Vendor Finance and Cash Credit Account.

Unsecured Loans	As on 31.03.2011 Rs. in millions	As on 31.03.2010 Rs. in millions
Rupee term loans banks unsecured	150.000	0.000
Working capital loans others unsecured	3.000	0.000
Loans directors unsecured	5.709	14.875
Interest accrued due other debt unsecured	1.914	0.000
Total	160.623	14.875

Banking Relations :	--
Auditors :
Name :	Shah and Company Chartered Accountants
Address :	Maker Bhavan No. 2, 18, New Marine Lines, Mumbai – 400 020, Maharashtra, India
PAN No.:	AABFS2985F
Subsidiaries :	· India Transact Services Private Limited CIN No.: U72900MH2007PTC172249 · AGS Infotech Singapore Pte Limited
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	· Instruments Research Associates Private Limited · AGS Sundyne Technologies Private Limited · Fillon Technologies India Private Limited

CAPITAL STRUCTURE

After 09.09.2011

Authorised Capital : Rs. 350.000 Millions

Issued, Subscribed & Paid-up Capital : Rs. 257.417 Millions

As on 09.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
27000000	Equity Shares	Rs.10/- each	Rs.270.000 millions
8000000	Preference Shares	Rs.10/- each	Rs.80.000 millions
	Total		Rs.350.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
18750000	Equity Shares	Rs.10/- each	Rs.187.500 millions
5140929	Preference Shares	Rs.10/- each	Rs.51.409 millions
	Total		Rs.238.909 millions

As on 31.03.2011

Authorised Capital : Rs.350.000 millions

Issued, Subscribed & Paid-up Capital : Rs.187.500 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		187.500	50.000	50.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		582.236	663.388	456.593
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		769.736	713.388	506.593
LOAN FUNDS
1] Secured Loans		1112.409	695.720	437.476
2] Unsecured Loans		160.623	14.875	26.498
TOTAL BORROWING		1273.032	710.595	463.974
DEFERRED TAX LIABILITIES		0.000	0.000	1.250
TOTAL		2042.768	1423.983	971.817
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		610.467	170.683	38.266
Capital work-in-progress		45.388	74.523	0.000
INVESTMENT		0.503	0.003	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	639.594	656.306	423.880
	Sundry Debtors	996.223	744.066	852.009
	Cash & Bank Balances	113.990	84.450	4.293
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	439.023	227.521	209.909
Total Current Assets		2188.830	1712.343	1490.091
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	636.146	434.201	487.952
	Other Current Liabilities	138.141	69.252	30.640
	Provisions	28.133	30.116	38.197
Total Current Liabilities		802.420	533.569	556.789
Net Current Assets		1386.410	1178.774	933.302
MISCELLANEOUS EXPENSES		0.000	0.000	0.249
TOTAL		2042.768	1423.983	971.817

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Operating revenue	2461.168	2774.453	2660.223
		Other Income	21.032	103.250	13.003
		TOTAL	2482.200	2877.703	2673.226
Less	EXPENSES
		Consumption materials changes inventories	1575.585	1939.422	2414.233
		Manufacturing service costs	21.897	141.186
		Employee related expenses	256.721	141.337
		Administrative selling other expenses	364.877	298.982
		TOTAL	2219.080	2520.927	2414.233
Less	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		263.120	356.776	258.993
Less	INTEREST FINANCIAL CHARGES		116.413	68.653	44.740
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		146.707	288.123	214.253
Less/ Add	DEPRECIATION/ AMORTISATION		56.763	10.818	4.304
Less	PRIOR PERIOD ITEMS		0.000	9.059	0.000
	PROFIT/(LOSS) BEFORE TAX		89.944	268.246	209.949
Less	TAX		33.597	61.451	55.848
	PROFIT/(LOSS) AFTER TAX		56.347	206.795	154.101
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		663.388	456.593	302.492
Less	APPROPRIATIONS
		Issue of Bonus Shared	137.500	0.000	0.000
		Transfer to General Reserve	10.000	0.000	0.000
	BALANCE CARRIED TO THE B/S		572.235	663.388	456.593
	EARNINGS IN FOREIGN CURRENCY
		Export of Manufacturing products at FOB value	20.753	13.051	9.166
		Warranty Reimbursement	0.129	8.467	0.000
		Reimbursement of Expenses	0.000	0.730	0.000
	TOTAL EARNINGS		20.882	22.248	9.166
	IMPORTS
		Raw Materials	NA	1014.844	1620.144
		Stores & Spares	NA	0.476	0.000
		Capital Goods	NA	15.849	0.000
	TOTAL IMPORTS		NA	1031.169	1620.144
	Earnings Per Share (Rs.)		3.01	11.03	--

Expected Sales (2011-2012) : Rs.5000.000 millions

The above information has been parted by Mr. Anand Agarwal

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	2.27	7.19	5.76
Net Profit Margin (PBT/Sales)	(%)	3.65	9.67	7.89
Return on Total Assets (PBT/Total Assets}	(%)	3.21	14.25	13.74
Return on Investment (ROI) (PBT/Networth)		0.12	0.38	0.41
Debt Equity Ratio (Total Liability/Networth)		2.70	1.74	2.01
Current Ratio (Current Asset/Current Liability)		2.73	3.21	2.68

LOCAL AGENCY FURTHER INFORMATION

DETAILS OF SUNDRY CREDITORS

Particulars	As on 31.03.2011 Rs. in millions	As on 31.03.2010 Rs. in millions	As on 31.03.2009 Rs. in millions
Creditors due small micro enterprises	0.000	0.000	487.952
Creditors due others	636.146	434.201
Total	636.146	434.201	487.952

Sr. No.	Check List by Info Agents
1.	Year of Establishment	YES
2.	Locality of the firm	YES
3.	Constitutions of the firm	YES
4.	Premises details	YES
5.	Type of Business	YES
6.	Line of Business	YES
7.	Promoter’s background	--
8.	No. of employees	YES
9.	Name of person contacted	YES
10.	Designation of contact person	YES
11.	Turnover of firm for last one year	YES
12.	Profitability for last three years	NO
13.	Reasons for variations <> 20%	--
14.	Estimation for coming financial year	YES
15.	Capital in the business	YES
16.	Details of sister concerns	NO
17.	Major Suppliers	NO
18.	Major Customers	NO
19.	Payment terms	YES
20.	Export / Import details (is applicable)	YES
21.	Market information	--
22.	Litigation that the firm / promoter involved in	--
23.	Banking Details	YES
24.	Banking facility details	NO
25.	Conduct of the banking account	--
26.	Buyer visit details	--
27.	Financials, if provided	NO
28.	Incorporation details, if applicable	--
29.	Last accounts filed at ROC	--
30.	Major Shareholders, is available	--

BUSINESS REVIEW

For the financial year ended March 31, 2011, the Company has earned Profit before Interest, Depreciation, Tax (EBITDA) of Rs.263.120 millions (Previous Year - Rs.356.776 millions) and Profit after Tax of Rs.56.347 millions (Previous Year - Rs.215.855 millions). The total income for the year was Rs.2482.200 millions (Previous Year Rs.2877.703 millions) and total expenditure was Rs.2219.080 millions (Previous Year Rs.2520.927 millions).

The Management expects the positive trend in the next year.

FORM 8

Corporate identity number of the company	U72200MH2002PLC138213
Name of the company	AGS TRANSACT TECHNOLOGIES LIMITED
Address of the registered office or of the principal place of business in India of the company	601-602, Trade World, B-Wing, Kamala Mill Compound, Senapati Bapat Marg, Lower Parel, Mumbai – 400 013, Maharashtra, India
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10123885
Type of charge	Immovable property
Particular of charge holder	YES Bank Limited 9^th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400 018, Maharashtra, India E-Mail : shareholders@yesbank.in
Nature of instrument creating charge	Modification to Memorandum of Entry (Modification to existing Memorandum of Entry with Yes Bank dated 06.11.2008)
Date of instrument Creating the charge	18.10.2011
Amount secured by the charge	Rs.250.000 millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest For tenor <= 1 year : 1.00% p.a payable upfront (all inclusive) For tenor > 1 year : 1.25% p.a payable upfront or payable yearly (all inclusive) Terms of Repayment BG (Performance) : Tenor: 39 M including claim period BG (Bid Bond) : Tenor: 12 M including claim period BG (Financial) : Tenor 12 M LC (Sight) : Validity 3 M LC (Usance) : Validity 3 M, Usance upto 6 M BC : Validity upto 6 M CC : Validity upto 12 M WCDL : upto 6 M Margin 10% in the form of FD in the name of the borrower Extent and Operation of the charge First pari passu charge by Equitable Mortgage on immovable properties
Short particulars of the property or asset(s) charged (including complete address and location of the property)	· First pari passu charge by Equitable mortgage of property situated at Unit no. 19, 20, 21, Sector 1, Millennium Business Park, TTC Industrial Area, Mahape, Navi Mumbai · First pari passu charge by Equitable mortgage of property situated at Survey No. 173/1, 173/2, Ground Floor, Dabhel, Nani Daman, Daman- 396210 · First pari passu charge by Equitable mortgage of property situated at Survey No. 172/3, 173/3 and 173/4 (of Part A) Ground Floor, Dabhel, Nani Daman, Daman- 396210 · First pari passu charge by Equitable mortgage of property situated at Unit No 605/ 606, 6th Floor, Trade World, Kamala City Compound, Senapati Bapat Marg, Lower Parel, Mumbai – 400012
Particulars of the present modification	First pari passu charge created by Equitable Mortgage of title deeds for properties located at (1) Unit no. 19, 20, 21, Millennium Business Park, Navi Mumbai (2) S No. 173/1, 173/2 , Ground Floor, Dabhel, Daman (3) S No. 172/3, 173/3 and 173/4 (of Part of A), Ground Floor, Dabhel, Daman (4) Unit No 605/ 606, 6th Floor, Trade World, Lower Parel, Mumbai with other banks for amount of Rs.250.000 millions only. The existing charge on all current assets and movable fixed assets to remain valid.

FIXED ASSETS

· Land

· Office

· Plant and Machinery

· Furniture and Fixtures

· Electrical Fittings

· Office Equipments

· Air Conditioners

· Computer

· Software

· Tools and Equipments

· Vehicle

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.50.12
UK Pound	1	Rs.79.37
Euro	1	Rs.66.00

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	6
--RESERVES	1~10	5
--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	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		47

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.