MIRA INFORM REPORT

Report Date :

27.03.2012

IDENTIFICATION DETAILS

Name :	ELECTRO INVESTMENT PRIVATE LIMITED
Registered Office :	12 A, Goodwill House, Manmala Tank Road, Mahim, Mumbai – 400016, Maharashtra
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	27.05.1982
Com. Reg. No.:	11-027248
Capital Investment / Paid-up Capital :	Rs.3.371 Millions
CIN No.: [Company Identification No.]	U67120MH1982PTC027248
TAN No.: [Tax Deduction & Collection Account No.]	MUME06188A
PAN No.: [Permanent Account No.]	AAACE1153F
Legal Form :	Private Limited Liability Company
Line of Business :	Investment Company
No. of Employees :	Not Available

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 4500000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track. There is no significant business at present of the company. The company has incurred a loss in the current year. However, Trade relations are reported as 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 :	12 A, Goodwill House, Manmala Tank Road, Mahim, Mumbai – 400016, Maharashtra, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	investor@bpl.in
Shop :	Barton Centre, M. G. Road, Bangalore, Karnataka, India

DIRECTORS

As on 26.09.2011

Name :	Ms. Anju Chandrasekhar
Designation :	Director
Address :	No.375, 13^th Main, 3^rd Block, Koramagala, Bangalore – 560034, Karnataka, India
Date of Birth/Age :	19.05.1967
Date of Appointment :	20.09.1990
DIN No.:	00228746

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	U67120MH1982PTC027240	NAMBIAR INTERNATIONAL INVESTMENT COMPANY PRIVATE LIMITED	Director	19-05-85	19-05-85	-	Active	NO
2	U67190KA1983PLC005207	ANAN PROPERTIES AND FINANCE COMPANY PRIVATE LIMITED	Director	12-09-86	12-09-86	-	Active	NO
3	U72200KA1981PTC004119	E R COMPUTERS PRIVATE LIMITED	Director	30-04-90	30-04-90	-	Active	NO
4	U67120MH1982PTC027248	ELECTRO INVESTMENT PRIVATE LIMITED	Director	20-09-90	20-09-90	-	Active	NO
5	L28997KL1963PLC002015	BPL LIMITED	Director	31-12-91	31-12-91	-	Active	NO
6	U32109KA1967PTC020923	DYNAMIC ELECTRONICS PRIVATE LIMITED	Director	30-08-11	01-01-93	-	Active	NO
7	U74140KA1993PTC013992	VECTRA CONSULTANCY SERVICES PRIVATE LIMITED	Director	09-02-93	09-02-93	20-01-09	Active	NO
8	U85110KA1983PTC005214	BPL TECHNO VISION PRIVATE LIMITED	Director	01-08-94	01-08-94	-	Active	NO
9	U32204KL1995PTC008541	PANINDIA TELECOMMUNICATIONS NETWORK PRIVATE LIMITED	Director	06-01-95	06-01-95	-	Active	NO
10	U85110KA1968PTC001721	ELECTRONIC RESEARCH PRIVATE LIMITED	Director	01-07-98	01-07-98	-	Active	YES
11	U30007KA1987PTC030347	STALLION COMPUTERS PRIVATE LIMITED	Director	16-11-98	16-11-98	-	Active	NO
12	U07010KA2000PTC026609	VIRTUAL PROPERTIES AND ESTATES PRIVATE LIMITED	Director	15-03-00	15-03-00	-	Active	NO
13	U32106KL2003PTC015901	NI MICRO TECHNOLOGIES PRIVATE LIMITED	Director	22-01-03	22-01-03	07-11-08	Active	NO
14	U67120KA2004PTC033653	JUPITER CAPITAL PRIVATE LIMITED	Director	23-08-05	23-08-05	21-03-08	Active	NO
15	U55102KL1986PTC004465	SURYASAMUDRA RETREATS KOVALAM PRIVATE LIMITED	Director	30-12-06	30-12-06	20-12-07	Active	NO
16	U74300MH2006PTC199520	JUPITER ENTERTAINMENT VENTURES PRIVATE LIMITED	Director	01-06-07	01-06-07	-	Amalgamated	NO
17	U85110KA2000PTC028009	JUPITER AVIATION SERVICES PRIVATE LIMITED	Director	19-06-07	19-06-07	28-01-08	Active	NO
18	U52334KA1995PTC018407	TECHNOCITY DIGITAL ELECTRONICS PRIVATE LIMITED	Director	30-09-11	25-07-11	-	Active	NO

Name :	Mr. Ajit Gopal Nambiar
Designation :	Director
Address :	10/3, Cunningham Crescent Road, Cunningham Road Cross, Bangalore – 560052, Karnataka, India
Date of Birth/Age :	11.07.1963
Date of Appointment :	12.01.1985
Election Commission Identity Card No.:	KT/12/O85/237273
DIN No.:	00228857

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	U67190KA1983PLC005207	ANAN PROPERTIES AND FINANCE COMPANY PRIVATE LIMITED	Director	19-03-83	19-03-83	-	Active	NO
2	U67120MH1982PTC027248	ELECTRO INVESTMENT PRIVATE LIMITED	Director	12-01-85	12-01-85	-	Active	NO
3	U67120MH1982PTC027240	NAMBIAR INTERNATIONAL INVESTMENT COMPANY PRIVATE LIMITED	Director	12-01-85	12-01-85	-	Active	NO
4	L28997KL1963PLC002015	BPL LIMITED	Managing director	21-09-88	21-09-88	-	Active	NO
5	U36911KA1921PTC000596	BARTON SON AND COMPANY PRIVATE LIMITED	Director	12-05-89	12-05-89	08-10-08	Active	NO
6	U72200KA1981PTC004119	E R COMPUTERS PRIVATE LIMITED	Director	30-04-90	30-04-90	-	Active	NO
7	U85110KA1968PTC001721	ELECTRONIC RESEARCH PRIVATE LIMITED	Director	26-09-94	26-09-94	-	Active	YES
8	U32204KL1995PTC008541	PANINDIA TELECOMMUNICATIONS NETWORK PRIVATE LIMITED	Director	06-01-95	06-01-95	-	Active	NO
9	U40101KL1995PTC008540	BPL POWER PROJECTS KERALA PRIVATE LIMITED	Director	06-01-95	06-01-95	-	Strike off	NO
10	U40109AP1995PTC019105	BPL POWER PROJECTS (AP) PRIVATE LIMITED	Director	02-11-95	02-11-95	-	Active	YES
11	U85110KA1995PTC018034	PHOENIX HOLDINGS PRIVATE LIMITED	Director	24-02-97	24-02-97	-	Active	NO
12	U30007KA1987PTC030347	STALLION COMPUTERS PRIVATE LIMITED	Director	16-11-98	16-11-98	-	Active	NO
13	L27104UP1985PLC007518	BPL DISPLAY DEVICES LIMITED	Director	21-12-98	21-12-98	26-09-08	Active	YES
14	U32106KL2003PTC015901	NI MICRO TECHNOLOGIES PRIVATE LIMITED	Director	22-01-03	22-01-03	-	Active	NO
15	U74140KA2004PTC034016	SANYO BPL PRIVATE LIMITED	Director	10-12-10	27-05-04	-	Under liquidation	NO
16	U32109KA1967PTC020923	DYNAMIC ELECTRONICS PRIVATE LIMITED	Director	07-04-05	07-04-05	-	Active	NO
17	U32204KL1994PTC008513	BPL TELECOM PRIVATE LIMITED	Managing director	01-01-11	01-01-06	-	Active	NO
18	U65921KA1995PTC018406	ZYFAX SYSTEMS (BANGALORE) PRIVATE LIMITED	Director	08-12-06	08-12-06	-	Active	NO
19	U40106TN2007PTC062247	BPL-FTA ENERGIES PRIVATE LIMITED	Director	07-10-08	05-02-07	-	Active	NO
20	U40109KA1996PLC021067	BHARAT ENERGY VENTURES LIMITED	Director	21-02-07	21-02-07	-	Active	NO
21	U65910KA1992PTC013682	MERINO FINANCE PRIVATE LIMITED	Director	15-06-07	15-06-07	-	Active	NO
22	U85110KA1983PTC005214	BPL TECHNO VISION PRIVATE LIMITED	Director	29-09-08	28-06-08	-	Active	NO

Name :	Mr. Thankam Nambiar
Designation :	Director
Address :	No.4, Ali Askar Road, Bangalore – 560052, Karnataka, India
Date of Birth/Age :	28.02.1941
Date of Appointment :	27.05.1982
DIN No.:	00231622

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	U67120MH1982PTC027248	ELECTRO INVESTMENT PRIVATE LIMITED	Director	27-05-82	27-05-82	-	Active	NO
2	U67120MH1982PTC027240	NAMBIAR INTERNATIONAL INVESTMENT COMPANY PRIVATE LIMITED	Director	27-05-82	27-05-82	-	Active	NO
3	U32109KA1967PTC020923	DYNAMIC ELECTRONICS PRIVATE LIMITED	Director	22-12-89	22-12-89	-	Active	NO
4	U85110KA1988PTC009442	NAMFIL FINANCE COMPANY PRIVATE LIMITED	Director	03-03-92	03-03-92	-	Active	NO
5	U65910KA1992PTC012981	BPL SECURITIES PRIVATE LIMITED	Director	24-03-92	24-03-92	-	Strike off	NO
6	U85110KA1992PTC012982	QUARTZ FINANCE PRIVATE LIMITED	Director	24-03-92	24-03-92	-	Strike off	NO
7	U65910KA1992PTC013682	MERINO FINANCE PRIVATE LIMITED	Director	15-12-93	15-12-93	-	Active	NO
8	U85110KA1993PTC015082	TETRA SECURITIES PRIVATE LIMITED	Director	30-12-93	30-12-93	-	Active	NO
9	U85110KA1993PTC015094	TANDEM SECURITIES PRIVATE LIMITED	Director	31-12-93	31-12-93	-	Active	NO
10	U72200KA1981PTC004119	E R COMPUTERS PRIVATE LIMITED	Managing director	01-03-09	16-06-95	-	Active	NO
11	U30007KA1987PTC030347	STALLION COMPUTERS PRIVATE LIMITED	Director	07-03-97	07-03-97	-	Active	NO
12	U85110KA1995PTC018034	PHOENIX HOLDINGS PRIVATE LIMITED	Director	19-04-99	19-04-99	-	Active	NO
13	U32106KL2003PTC015901	NI MICRO TECHNOLOGIES PRIVATE LIMITED	Director	22-01-03	22-01-03	07-11-08	Active	NO
14	U67190KA1983PLC005207	ANAN PROPERTIES AND FINANCE COMPANY PRIVATE LIMITED	Director	28-11-05	28-11-05	-	Active	NO

Name :	Mr. Gopalan Thazath Pollayikodi Nambiar
Designation :	Managing director
Address :	No.4, Ali Askar Road, Bangalore – 560052, Karnataka, India
Date of Birth/Age :	25.11.1929
Date of Appointment :	27.05.1982
Election Commission Identity Card No.:	KT/128/O85/237271
DIN No.:	00231781

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	U67120MH1982PTC027240	NAMBIAR INTERNATIONAL INVESTMENT COMPANY PRIVATE LIMITED	Managing director	27-05-82	27-05-82	-	Active	NO
2	U67120MH1982PTC027248	ELECTRO INVESTMENT PRIVATE LIMITED	Managing director	27-05-82	27-05-82	-	Active	NO
3	U85110KA1983PTC005214	BPL TECHNO VISION PRIVATE LIMITED	Director	11-03-83	11-03-83	-	Active	NO
4	U40101KL1995PTC008540	BPL POWER PROJECTS KERALA PRIVATE LIMITED	Director	06-01-95	06-01-95	-	Strike off	NO
5	U67190KA1983PLC005207	ANAN PROPERTIES AND FINANCE COMPANY PRIVATE LIMITED	Whole-time director	18-03-95	18-03-95	-	Active	NO
6	L27104UP1985PLC007518	BPL DISPLAY DEVICES LIMITED	Director	25-05-96	25-05-96	26-09-08	Active	YES
7	U85110KA1995PTC018034	PHOENIX HOLDINGS PRIVATE LIMITED	Director	24-02-97	24-02-97	-	Active	NO
8	U30007KA1987PTC030347	STALLION COMPUTERS PRIVATE LIMITED	Director	07-03-97	07-03-97	-	Active	NO
9	U72200KA1981PTC004119	E R COMPUTERS PRIVATE LIMITED	Director	28-11-97	28-11-97	-	Active	NO
10	U32109KA1967PTC020923	DYNAMIC ELECTRONICS PRIVATE LIMITED	Director	01-09-99	01-09-99	-	Active	NO
11	U65921KA1995PTC018406	ZYFAX SYSTEMS (BANGALORE) PRIVATE LIMITED	Director	06-12-99	06-12-99	-	Active	NO
12	U07010KA2000PTC026609	VIRTUAL PROPERTIES and ESTATES PRIVATE LIMITED	Director	15-03-00	15-03-00	-	Active	NO
13	U85110KA1988PTC009442	NAMFIL FINANCE COMPANY PRIVATE LIMITED	Managing director	20-05-02	20-05-02	-	Active	NO
14	U32106KL2003PTC015901	NI MICRO TECHNOLOGIES PRIVATE LIMITED	Director	22-01-03	22-01-03	-	Active	NO
15	U32204KL1994PTC008513	BPL TELECOM PRIVATE LIMITED	Director	01-01-06	01-01-06	-	Active	NO
16	U40109AP1995PTC019105	BPL POWER PROJECTS (AP) PRIVATE LIMITED	Director	21-04-06	21-04-06	-	Active	YES
17	U65910KA1992PTC013682	MERINO FINANCE PRIVATE LIMITED	Director	15-06-07	15-06-07	-	Active	NO

Name :	Mr. Pramod Purshottam Katdhare
Designation :	Director
Address :	12A, Goodwill House, Manmala Tank Road, Mahim, Mumbai – 400016, Maharashtra, India
Date of Birth/Age :	24.07.1939
Date of Appointment :	27.05.1982
DIN No.:	00253474

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	U67120MH1982PTC027240	NAMBIAR INTERNATIONAL INVESTMENT COMPANY PRIVATE LIMITED	Director	27-05-82	27-05-82	-	Active	NO
2	U67120MH1982PTC027248	ELECTRO INVESTMENT PRIVATE LIMITED	Director	27-05-82	27-05-82	-	Active	NO
3	U17120MH1971PTC015297	RIVIERA APPARELS and COMPONENTS PRIVATE LIMITED	Director	12-09-86	12-09-86	-	Active	NO
4	U74999MH1986PTC040908	SANDARBHA SCINFOTECH PRIVATE LIMITED	Director	15-09-86	15-09-86	-	Active	NO
5	U32109KA1967PTC020923	DYNAMIC ELECTRONICS PRIVATE LIMITED	Director	23-11-87	23-11-87	-	Active	NO
6	U85110KA1992PTC012982	QUARTZ FINANCE PRIVATE LIMITED	Director	24-03-92	24-03-92	-	Strike off	NO
7	U65910KA1992PTC012981	BPL SECURITIES PRIVATE LIMITED	Director	24-03-92	24-03-92	-	Strike off	NO
8	U63090MH1982PLC028100	THALASSA SHIP MANAGEMENT LIMITED	Director	16-02-96	16-02-96	05-05-09	Active	NO
9	U73100KA2005PTC036177	ROSE GARDEN HOUSING DEVELOPERS PRIVATE LIMITED	Director	27-04-06	27-04-06	-	Active	NO
10	U35112MH1994PLC081331	SAMSON MARITIME LIMITED	Director	30-07-07	18-05-07	31-08-10	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 26.09.2011

Names of Shareholders	No. of Shares
Thankam Nambiar, No.4, Ali Askar Road, Bangalore – 560052, Karnataka, India	3009
Pramod Purshottam Katdhare, 12A, Goodwill House, Manmala Tank Road, Mahim, Mumbai – 400016, Maharashtra, India	1
TPG Nambiar Family Trust, No.4, Ali Askar Road, Bangalore – 560052, Karnataka, India	2508
TPG Nambiar Small HUF, No.4, Ali Askar Road, Bangalore – 560052, Karnataka, India	4189
Nambiar TPG Jointly Nambiar G Ajit	24001
Total	33708

As on 26.09.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Investment Company

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Not Available

Facilities :

Unsecured Loan	As on 31.03.2010 (Rs. in Millions)	As on 31.03.2009 (Rs. in Millions)
LOANS AND ADVANCES
Fairgrowth Financial Services Private Limited	0.500	0.500
Nambiar Int. Investment Company Private Limited	0.348	0.348
ADVANCES
Towards Portfolio Management Rag Constructions and Real Estate Private Limited	50.000	50.000
DEPOSITS
Against Shop at Barton Centre, Bangalore
- Wellworth Electronics	0.925	0.925
- BPL Limited ( Vashi Premises )	4.000	4.000
Inter Corporate Deposits
- Tandem Securities Private Limited	25.000	25.000
- Merino Finance Private Limited	11.250	11.250
Security Deposits
- Orion Constructions Company Private Limited	0.100	0.100
- Technocity Digital Electronics Private Limited	0.100	0.100
Total	92.223	92.223

Banking Relations :	--
Auditors :
Name :	K P Katdhare and Company Chartered Accountants
Address :	167 - E, Poonawadi, Dr. Ambedkar Road, Dadar T T, Mumbai – 400014, Maharashtra, India
PAN.:	AABPK0582A

CAPITAL STRUCTURE

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.100/- each	Rs.5.000 Millions
20000	Redeemable Cumulative Preference shares	Rs.100/- each	Rs.2.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
33708	Equity Shares	Rs.100/- each	Rs.3.371 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		3.371	3.371	3.371
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		1127.126	1127.673	1127.683
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		1130.497	1131.044	1131.054
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		92.223	92.223	92.223
TOTAL BORROWING		92.223	92.223	92.223
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		1222.720	1223.267	1223.277
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		4.239	3.584	4.233
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		822.318	822.549	822.378
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	0.000	0.000	0.000
	Cash & Bank Balances	8.137	9.474	9.397
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	454.581	455.872	455.388
Total Current Assets		462.718	465.346	464.785
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	66.518	66.463	66.408
	Other Current Liabilities	0.000	0.000	0.000
	Provisions	0.038	1.750	1.712
Total Current Liabilities		66.556	68.213	68.120
Net Current Assets		396.162	397.133	396.665
MISCELLANEOUS EXPENSES		0.001	0.001	0.001
TOTAL		1222.720	1223.267	1223.277

PROFIT & LOSS ACCOUNT

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
SALES
	Dividend received	0.049	0.052	0.045
	Rent received	0.293	0.252	0.180
	Interest received	0.670	0.992	0.436
	TOTAL	1.012	1.296	0.661
EXPENSES
	Salaries & Wages	0.084	0.060	0.060
	Bad debts Witten Off	0.282	0.000	0.000
	Administrative Expenses	0.347	0.468	0.723
	Loss on sale of Motor car	0.000	0.194	0.000
	TOTAL	0.713	0.722	0.783
PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		0.299	0.574	(0.122)
DEPRECIATION/ AMORTISATION		0.441	0.399	0.488
PROFIT BEFORE TAX		(0.142)	0.175	(0.610)
TAX		0.000	0.038	0.000
PROFIT AFTER TAX		(0.142)	0.137	(0.610)
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		378.067	378.077	378.781
Share of loss in Ooghully estate		0.231	0.147	0.094
Income Tax Adjustments		0.316	0.000	0.000
BALANCE CARRIED TO THE B/S		377.520	378.067	378.077
Earnings Per Share (Rs.)		4.21	--	--

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	(14.03)	10.57	(92.28)
Return on Total Assets (PBT/Total Assets}	(%)	(0.03)	0.04	(0.13)
Return on Investment (ROI) (PBT/Networth)		0.00	0.00	0.00
Debt Equity Ratio (Total Liability/Networth)		0.14	0.14	0.14
Current Ratio (Current Asset/Current Liability)		6.95	6.82	6.82

LOCAL AGENCY FURTHER INFORMATION

Operations:

During the year, the Company earned a total income of Rs.1.012 Millions as compared to Rs. 1.297 Millions during the previous year. The net loss during the year amounted to Rs.0.142 Million as against profit of Rs.0.137 Million during previous year.

Fixed Assets:

· Shop

· Land Building

· Motor Car

· Equipment

Press Release:

SEBI exemption to Electro Investments

27 June, 2011

SEBI has exempted acquirer Electro Investments Private limited from complying with the provisions of Takeover Regulation with regard to the proposed preferential allotment of 170 lakh equity shares of target company BPL Limited.

The market regulator exempted the acquirer as per the provisions of Regulation 11 of SEBI (Substantial Acquisition of Shares and Takeover), said a SEBI order on Tuesday.

The proposed preferential allotment is pursuant to the scheme approved by the Corporate Debt Restructuring mechanism for restructuring debts of BPL Limited. There would not be any change in control in the target company pursuant to the proposed allotment.

The application seeking exemption was forwarded by SEBI to the Takeover Panel, which, in turn, recommended an exemption to the acquirer after making an open offer, the order said.

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.51.31
UK Pound	1	Rs.81.37
Euro	1	Rs.67.98

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	4
--CREDIT LINES	1~10	2
--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	-

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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.