MIRA INFORM REPORT

Report Date :

03.05.2012

IDENTIFICATION DETAILS

Name :	HALDIRAM FOODS INTERNATIONAL PRIVATE LIMITED (w.e.f. 01.02.2012)
Formerly Known as :	HALDIRAM FOODS INTERNATIONAL LIMITED
Registered Office :	A 204, Shyam Kamal Agrawal Market, Tejpal Road, Vile Parle (East), Mumbai – 400 057, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	04.12.1987
Com. Reg. No.:	11-45509
Capital Investment / Paid-up Capital :	Rs. 124.059 Millions
CIN No.: [Company Identification No.]	U15100MH1987PTC045509
TAN No.: [Tax Deduction & Collection Account No.]	NGPH02489E
PAN No.: [Permanent Account No.]	AAACH3628L
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Indian Snacks and Sweets.
No. of Employees :	200 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

A (60)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 9000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established and reputed company having fine track. Financial position of the company appears to be sound. Trade relations are reported as fair. Business is active. Payments are reported to be 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.

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 :	A 204, Shyam Kamal, Agrawal Market, Tejpal Road, Vile Parle (East), Mumbai - 400057, Maharashtra, India
Tel. No.:	91-22-26130771 / 26170762
Fax No.:	91-22-26145116
E-Mail :	haldiram@bom2.vsnl.net.in csngp@rediffmail.com systems@haldirams.com
Website :	http://haldirams.com
Head Office :	“Haldiram House”, 880, Small Factory Area, Bhandara Road, Nagpur –440008, Maharashtra, India
Tel. No.:	91-712-2681091 / 2681191-94
Fax No.:	91-712-2680218
E-Mail :	haldiram@bom2.vsnl.net.in
Branch Office 1 : Mumbai:	A 204, Tejpal Road Shyam Kamal, Agrawal CHS Limited, West Wing, Vile Parle (East), Mumbai - 400057, Maharashtra, India
Tel. No.:	91-22-26130771 / 26170762
Fax No.:	91-22-26145116
E-Mail :	haldirammumbai@vsnl.net
Branch Office 2 : Bangalore:	1213, 100 Feet Road, Hall II Stage, Indranagaram, Bangalore – 560008, Karnataka, India
E-Mail :	hfill.bangalore@haldirams.com
Branch Office 3 : Chennai:	Number ½, Peeran Streets, Saligram, Near AVM Studio, Opposite Sooriya Hospital, Chennai – 600093, Tamilnadu, India
E-Mail :	hfil.chennai@haldirams.com

DIRECTORS

As on: 30.09.2011

Name :

Mr. Sushil Kumar Agrawal

Designation :

Director

Address :

1174, Jalalpura, Gandhi Bag, Nagpur – 440 002, Maharashtra, India

Date of Birth/Age :

18.05.1967

Date of Appointment :

01.12.2007

DIN No :

00074470

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	U55100MH1988PTC046407	HALDIRAM HOTELS PRIVATE LIMITED	Director	3/3/1988	3/3/1988	-	Amalgamated	NO
2	U15100MH1993PTC073717	ABHINAV FOOD PRODUCTS PVT LTD	Director	1/9/1993	1/9/1993	-	Active	NO
3	U15100MH1994PTC089284	SIMPLE FOOD PRODUCTS PRIVATE LIMITED	Director	7/6/1995	7/6/1995	-	Amalgamated	NO
4	U65190MH1995PTC089980	HALDIRAM VITTA AND VINIYOG PRIVATE LIMITED	Director	10/2/1998	10/2/1998	-	Active	NO
5	U72200MH2000PTC128497	HALDIRAM'S INFO-TECH SOLUTIONS PRIVATE LIMITED	Director	29/08/2000	29/08/2000	-	Strike off	NO
6	U15110MH2002PTC134587	SUSANGEET FOODS PRIVATE LIMITED	Director	16/01/2002	16/01/2002	-	Strike off	NO
7	U15110MH2002PTC134591	CHERRY SWEETS PRIVATE LIMITED	Director	16/01/2002	16/01/2002	-	Strike off	NO
8	U45201MH2002PTC134589	RSA DEVELOPERS PRIVATE LIMITED	Director	16/01/2002	16/01/2002	-	Amalgamated	NO
9	U15499AP2002PTC038721	HALDIRAM'S VYANJAN PRIVATE LIMITED	Director	1/4/2002	1/4/2002	-	Active	NO
10	U55101MH2003PTC139590	CHERRY HOTELS PRIVATE LIMITED	Director	13/03/2003	13/03/2003	-	Active	NO
11	U51909WB1996PTC078913	POPULAR SUPPLIERS PRIVATE LIMITED	Director	12/10/2003	12/10/2003	-	Active	NO
12	U45200MH2006PTC159253	JAGDAMBA TOWNSHIP PRIVATE LIMITED	Director	1/9/2006	1/9/2006	-	Active	NO
13	U15100MH1987PTC045509	HALDIRAM FOODS INTERNATIONAL Private Limited	Director	1/12/2007	1/12/2007	-	Active	NO
14	U70102MH2008PTC181479	KARRIA DEVELOPERS AND INFRASTRUCTURE PRIVATE LIMITED	Director	23/04/2008	23/04/2008	-	Active	NO
15	U40109MH2010PTC203436	HOLY GREEN ENERGY PRIVATE LIMITED	Director	21/05/2010	21/05/2010	-	Active	NO
16	U70109WB1981PTC033816	GOEL PROPERTIES PRIVATE LIMITED	Director	25/02/2012	25/02/2012	-	Active	NO

Name :

Mr. Rajendra Kumar Agrawal

Designation :

Whole – time Director

Address :

918, Deshpande Layuot, Wardhman Nagar, Nagpur – 440 008, Maharashtra, India

Date of Birth/Age :

22.01.1960

Date of Appointment :

28.12.1991

DIN No.:

00074439

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	U15100MH1987PTC045509	HALDIRAM FOODS INTERNATIONAL Private Limited	Whole-time director	25/07/2010	28/12/1991	-	Active	NO
2	U65190MH1995PTC089980	HALDIRAM VITTA AND VINIYOG PRIVATE LIMITED	Director	27/06/1995	27/06/1995	-	Active	NO
3	U15300MH1988PTC047437	KASANA FOODS PRIVATE LIMITED	Director	25/11/1997	25/11/1997	-	Active	NO
4	U55101MH1997PTC112061	HALDIRAM HOTELS PRIVATE LIMITED	Director	25/11/1997	25/11/1997	-	Active	NO
5	L51909WB1985PLC038407	NAMOKAR TRADE (INDIA) LTD	Director	20/12/2000	20/12/2000	1/6/2007	Active	NO
6	U45202MH2001PTC132162	AVIN DEVELOPERS PRIVATE LIMITED	Director	30/05/2001	30/05/2001	-	Amalgamated	NO
7	U51101KA2001PTC029935	HALDIRAM SAVOURIES AND SWEETS PRIVATE LIMITED	Director	27/12/2001	27/12/2001	-	Active	NO
8	U15110MH2002PTC134588	NAGPUR SWEETS PRIVATE LIMITED	Director	16/01/2002	16/01/2002	-	Strike off	NO
9	U45201MH2002PTC134590	PREMRAJ REAL-ESTATE PRIVATE LIMITED	Director	16/01/2002	16/01/2002	-	Amalgamated	NO
10	U15209TN2002PTC048627	HALDIRAM DAIRY PRODUCTS PRIVATE LIMITED	Director	18/03/2002	18/03/2002	-	Active	NO
11	U15499AP2002PTC038721	HALDIRAM'S VYANJAN PRIVATE LIMITED	Director	1/4/2002	1/4/2002	-	Active	NO
12	U51229KA2003PTC031553	KUNAL SNACKS PRIVATE LIMITED	Director	6/2/2003	6/2/2003	-	Active	NO
13	U51909WB1996PTC078913	POPULAR SUPPLIERS PRIVATE LIMITED	Director	1/11/2010	27/10/2003	-	Active	NO
14	U15130MH2003PTC143783	ABHINANDAN SNACKS PRIVATE LIMITED	Director	31/12/2003	31/12/2003	-	Active	NO
15	U15130MH2004PTC146483	MOPLEEZ SNACKS PRIVATE LIMITED	Director	21/05/2004	21/05/2004	-	Active	NO
16	U45200MH2006PTC159253	JAGDAMBA TOWNSHIP PRIVATE LIMITED	Director	1/9/2006	1/9/2006	-	Active	NO
17	U45201MH2006PLC165768	CHHINDWARA PLUS DEVELOPERS LIMITED	Director	24/11/2006	24/11/2006	-	Active	NO
18	U01100MH1997PTC112060	HALDIRAM KRISHI UDYOG PRIVATE LIMITED	Director	1/4/2008	1/4/2008	-	Active	YES
19	U70102MH2008PTC181479	KARRIA DEVELOPERS AND INFRASTRUCTURE PRIVATE LIMITED	Director	23/04/2008	23/04/2008	-	Active	NO
20	U15400MH1995PTC089186	HALDIRAM'S SWEET (INDIA) PRIVATE LIMITED	Director	25/09/2009	25/09/2009	-	Amalgamated	NO

Name :

Mr. Kamal Kumar Shivkishan Agrawal

Designation :

Director

Address :

920, Deshpande Layuot, Wardhman Nagar, Nagpur – 440 008, Maharashtra, India

Date of Birth/Age :

05.08.1973

Date of Appointment :

01.12.2007

DIN No.:

00015010

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	U15100MH1993PLC074269	NIRAJ SNACKS LIMITED	Director	30/09/1993	30/09/1993	-	Amalgamated	NO
2	U15100MH1998PTC113490	KASANA FOODS PRIVATE LIMITED	Director	15/12/1998	15/12/1998	-	Amalgamated	NO
3	U72200MH2000PTC128497	HALDIRAM'S INFO-TECH SOLUTIONS PRIVATE LIMITED	Director	29/08/2000	29/08/2000	-	Strike off	NO
4	U15110MH2002PTC134592	VIVEK FOODS PRIVATE LIMITED	Director	16/01/2002	16/01/2002	-	Strike off	NO
5	U45201MH2002PTC134589	RSA DEVELOPERS PRIVATE LIMITED	Director	16/01/2002	16/01/2002	-	Amalgamated	NO
6	U55101MH2003PTC139590	CHERRY HOTELS PRIVATE LIMITED	Director	13/03/2003	13/03/2003	-	Active	NO
7	U52110MH2004PTC148624	DAY2DAY SUPERMARKET PRIVATE LIMITED	Director	27/03/2005	27/03/2005	-	Active	NO
8	U45200MP2007PTC019512	KORN INFRASTRUCTURE PRIVATE LIMITED	Director	9/5/2007	9/5/2007	-	Strike off	NO
9	U45201MH2006PLC165768	CHHINDWARA PLUS DEVELOPERS LIMITED	Director	20/09/2007	20/09/2007	-	Active	NO
10	U15100MH1987PTC045509	HALDIRAM FOODS INTERNATIONAL Private Limited	Director	1/12/2007	1/12/2007	-	Active	NO
11	U92190MH2008PTC183469	HALDIRAM MINI INDIA THEME PARK PRIVATE LIMITED	Director	12/6/2008	12/6/2008	-	Active	NO
12	U51229KA2003PTC031553	KUNAL SNACKS PRIVATE LIMITED	Director	1/9/2008	1/9/2008	-	Active	NO
13	U51101KA2001PTC029935	HALDIRAM SAVOURIES AND SWEETS PRIVATE LIMITED	Director	1/9/2008	1/9/2008	-	Active	NO
14	U55101MH1997PTC112061	HALDIRAM HOTELS PRIVATE LIMITED	Director	31/03/2010	31/03/2010	-	Active	NO
15	U40109MH2010PTC203436	HOLY GREEN ENERGY PRIVATE LIMITED	Director	21/05/2010	21/05/2010	-	Active	NO
16	U15400MH2006PTC158590	OAM INDUSTRIES (INDIA) PRIVATE LIMITED	Director	5/6/2011	5/6/2011	-	Active	NO

Name :

Mr. Madhusudan M Agrawal

Designation :

Director

Address :

Bela Road, Civil Lines, Delhi – 110 054, India

Date of Birth/Age :

04.01.1957

Date of Appointment :

01.06.1999

DIN No.:

00011316

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	U74899DL1995PTC071180	HALDIRAM INDIA PRIVATE LIMITED	Director	27/07/1995	27/07/1995	-	Active	NO
2	U15490DL1996PTC081504	HALDI RAM PRODUCTS PRIVATE LIMITED	Managing director	1/7/2008	15/03/1997	-	Active	NO
3	U15100MH1987PTC045509	HALDIRAM FOODS INTERNATIONAL Private Limited	Director	1/6/1999	1/6/1999	-	Active	NO
4	U25199DL2006PTC155141	CORAL PRODUCTS PRIVATE LIMITED	Director	30/09/2008	16/06/2008	-	Active	NO
5	U74899DL1989PTC037732	HALDIRAM SNACKS PRIVATE LIMITED	Whole-time director	1/5/2010	26/04/2010	-	Active	NO
6	U24232DL2012PTC232663	HR LIFECARE PRIVATE LIMITED	Additional director	13/03/2012	13/03/2012	-	Active	NO

Name :

Mr. Srinivas Sambhashivrao Rao

Designation :

Director

Address :

379 Subhan Nagar Opp H.B Town Nagpur – 440008, Maharashtra, India

Date of Birth/Age :

24.08.1965

Date of Appointment :

01.04.2011

DIN No.:

01257848

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	U15100MH1993PLC074269	NIRAJ SNACKS LIMITED	Director	1/4/2004	1/4/2004	-	Amalgamated	NO
2	U15100MH1987PTC045509	HALDIRAM FOODS INTERNATIONAL PRIVATE LIMITED	Director	1/4/2011	1/4/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 30.09.2011

Names of Shareholders	No. of Shares
Shivkishan Agrawal	18400
Rajendra Agrawal	1160891
Kamal Agrawal	1128892
Sushil Agrawal	1126108
Jamnadevi Agrawal	534100
Premlata Agrawal	517392
Sangeeta Agrawal	579030
Reena Agrawal	1087218
Neeraj Agrawal	242509
Avin Agrawal	290350
Vivek Agrawal	374140
Vanshita Agrawal	101500
Anshita Agrawal	94800
Shivkishan Moolchand Agrawal (HUF)	14500
Rajendra Kumar Shivkishan Agrawal (HUF)	333500
Sushil Kumar Shivikishan Agrawal (HUF)	7250
Kamal Kumar Shivikishan Agrawal (HUF)	313592
Mdhusudan Agrawal	15080
Manmoharlal Agrawal	1604
Shriratan Agrawal	1604
Sonu Iron Private Limited	36800

As on: 30.09.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	32.40
Directors or relatives of Directors	66.20
Other top fifty shareholders	1.40
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Indian Snacks and Sweets.
Products :	· Sweets · Namkeens · Papad · Bakery Products c · Ice Creams · Processed Milk

GENERAL INFORMATION

No. of Employees :

200 (Approximately)

Bankers :

· State Bank of India

Hingna Industrial Estate Branch, Hingna, Nagpur – 40016, Maharashtra, India

Facilities :

SECURED LOAN	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Rupees Term loan secured	32.282	48.757
Working Capital loan Bank secured	222.634	25.978
Total	254.916	74.735
UNSECURED LOAN	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Finance lease Obligation long – term unsecured	10.058	0.000
Total	10.058	0.000

Banking Relations :	--
Auditors :
Name :	Agrawal Chhallani and Company Chartered Accountants
Address :	51, New Colony, Nagpur – 440 001, Maharashtra, India
Tel. No.:	91-712-2544250 / 2544253

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
13000000	Equity Shares	Rs.10/- each	Rs.130.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
12405877	Equity Shares	Rs.10/- each	Rs.124.059 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		124.059	124.059	121.977
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		2373.358	1874.849	1418.174
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		2497.417	1998.908	1540.151
LOAN FUNDS
1] Secured Loans		254.916	74.735	234.494
2] Unsecured Loans		10.058	0.000	4.127
TOTAL BORROWING		264.974	74.735	238.621
DEFERRED TAX LIABILITIES		148.555	135.203	123.329
TOTAL		2910.946	2208.846	1902.101
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1374.598	1067.556	975.001
Capital work-in-progress		237.334	400.700	301.031
INVESTMENT		259.127	218.145	271.686
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	358.408	290.353	289.507
	Sundry Debtors	221.770	135.419	153.374
	Cash & Bank Balances	604.925	314.878	131.638
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	529.290	375.341	309.183
Total Current Assets		1714.393	1115.991	883.702
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	250.144	260.094	288.854
	Other Current Liabilities	160.931	98.979	85.218
	Provisions	263.431	234.473	155.244
Total Current Liabilities		674.506	593.546	529.316
Net Current Assets		1039.887	522.445	354.383
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		2910.946	2208.846	1902.101

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	6782.909	5538.023	4616.610
		Other Income	45.231	19.519	30.406
		TOTAL (A)	6828.140	5557.542	4647.016
Less	EXPENSES
		Consumption material changes inventories	4942.221	3971.793
		Manufacturing service cost	135.497	98.905	4070.947
		Employed related expenses	157.808	90.686
		Administrative selling Expenses	746.370	667.670
		TOTAL (B)	5981.896	4829.054	4070.947
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		846.244	728.488	576.069
Less	FINANCIAL EXPENSES (D)		8.240	8.476	13.725
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		838.004	720.012	562.344
Less/ Add	DEPRECIATION/ AMORTISATION (F)		62.595	56.496	50.374
	PROFIT BEFORE TAX (E-F) (G)		775.409	663.516	511.970
Less	TAX (H)		247.967	217.101	7.429
	PROFIT AFTER TAX (G-H) (I)		527.442	446.480	519.399
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	58.99	NA	4.210
	TOTAL EARNINGS		58.99	NA	4.210
	IMPORTS
		Raw Materials	11.176	NA	4.146
		Stores & Spares	8.761	NA	7.768
		Capital Goods	34.059	NA	12.116
		Others	2.743	NA	2.253
	TOTAL IMPORTS		56.739	NA	26.283
	Earnings Per Share (Rs.)		42.52	35.99	42.49

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	7.72	8.03	11.17
Net Profit Margin (PBT/Sales)	(%)	11.43	11.98	11.08
Return on Total Assets (PBT/Total Assets}	(%)	25.10	30.39	27.54
Return on Investment (ROI) (PBT/Networth)		0.31	0.33	0.33
Debt Equity Ratio (Total Liability/Networth)		0.38	0.33	0.49
Current Ratio (Current Asset/Current Liability)		2.54	1.88	1.66

LOCAL AGENCY FURTHER INFORMATION

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

Note

The Registered Office of the company has been shifted from 1174, Jalalpura Gandhi Baug, Nagpur – 440 002, Maharashtra, India to the present address w.e.f. 01.06.2006

OPERATIONS

The various products of the company are well accepted by the market and the company has earned a good name in the Food Processing Industry. The Company Launch New Brand Name Mopleez in market for packed Sweets

and Nameens. The sweets and namkeen products of the Company virtually enjoy a monopoly market. This year company achieved export sales of Rs.418.976 millions as compared previous year Rs. 342.704 millions. The company has always focused on enhancing its competitive edges in cost leadership brand strengths, wide distribution network and innovative product development to expand its market in India and aboard. 

SCHEME OF AMALGAMATION:

In term of scheme of amalgamation sanctioned by Hon’ble High Court of Judicature at Bombay vide its pronouncement dated 24.09.2010 M/s. Niraj Snacks Limited. Engaged in manufacturing of sweet and Namkeen having factory located at village –gumthala, Nagpur, has been amalgamation with the company with effect from appointed i.e. 01.04.2009. Financial figures of amalgamation company upto the date of order has been merged with amalgamating company.

FIXED ASSETS

· Land

· Building

· Office Buildings

· Machinery

· Electrical Equipments

· Storage and Handling Equipment (O)

· Storage and Handling Equipment (N)

· Furniture and Fixtures

· Laboratory Equipment (O)

· Laboratory Equipment (N)

· Office Equipments (O)

· Office Equipments (N)

· Effluent Treatment Plant

· Computers (O)

· Computers (N)

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.52.93
UK Pound	1	Rs.85.85
Euro	1	Rs.69.94

INFORMATION DETAILS

Report Prepared by :

DPK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	6
--RESERVES	1~10	7
--CREDIT LINES	1~10	7
--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	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		60

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.