MIRA INFORM REPORT

Report Date :

21.11.2012

IDENTIFICATION DETAILS

Name :	ENCORP POWERTRANS PRIVATE LIMITED
Registered Office :	1201/ A, Utpal Park, Shitaladevi Temple Road, Mahim (West), Mumbai – 400016, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	04.06.2008
Com. Reg. No.:	11-183183
Capital Investment / Paid-up Capital :	Rs. 0.170 Million
CIN No.: [Company Identification No.]	U40104MH2008PTC183183
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Power Transmission Products.
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 2000
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Eventhough the company was incorporated in the year 2008. But they have started their business operation from October 2011. Management has denied to disclose any financial details. However, business is active. Payments are unknown. 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 – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Cash Credit : (CRISIL) B
Rating Explanation	Having high risk of default regarding timely servicing of financial obligation.
Date	May 2012

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

LOCATIONS

Registered Office :	1201/ A, Utpal Park, Shitaladevi Temple Road, Mahim (West), Mumbai – 400016, Maharashtra, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	rahulnowal@gmail.com
Website :	http://www.encorp.in
Industrial Town :	Gut No. 240/5/6/7, Village - Varangade, Boisar East, Boisar Mahagaon Road, Taluka Palghar, Tarapur - 401501, Maharashtra, India
Tel. No.:	91-2525-323790/ 284884

DIRECTORS

AS ON 29.09.2011

Name :

Mr. Rahul Vinod Nowal

Designation :

Director

Address :

1201/ A-Wing, Utpal Park, Sitladevi Temple Road, Mahim- West, Mumbai – 400016, Maharashtra, India

Date of Appointment :

04.06.2008

DIN No.:

00413704

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U17120MH2006PTC158585	VALERON TEXTILE PRIVATE LIMITED	Director	03/01/2006	03/01/2006	Active	NO
2	U74200MH2007PTC171170	ENCORP ENGINEERING PRIVATE LIMITED	Director	25/05/2007	25/05/2007	Active	NO
3	U14290MH2007PTC175708	DANOS MINERALS PRIVATE LIMITED	Director	05/11/2007	05/11/2007	Strike off	NO
4	U40104MH2008PTC183183	ENCORP POWERTRANS PRIVATE LIMITED	Director	04/06/2008	04/06/2008	Active	NO

Name :

Mr. Vinay Vinod Nowal

Designation :

Director

Address :

1201/ A-Wing, Utpal Park, Sitladevi Temple Road, Mahim- West, Mumbai – 400016, Maharashtra, India

Date of Appointment :

04.06.2008

DIN No.:

00413688

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U17120MH2006PTC158585	VALERON TEXTILE PRIVATE LIMITED	Director	03/01/2006	03/01/2006	Active	NO
2	U74200MH2007PTC171170	ENCORP ENGINEERING PRIVATE LIMITED	Director	25/05/2007	25/05/2007	Active	NO
3	U40104MH2008PTC183183	ENCORP POWERTRANS PRIVATE LIMITED	Director	04/06/2008	04/06/2008	Active	NO

Name :

Mrs. Premlata Nowal

Designation :

Director

Address :

1201/ A-Wing, Utpal Park, Sitladevi Temple Road, Mahim- West, Mumbai – 400016, Maharashtra, India

Date of Appointment :

04.06.2008

DIN No.:

00499423

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U17120MH2006PTC158585	VALERON TEXTILE PRIVATE LIMITED	Director	03/01/2006	03/01/2006	Active	NO
2	U40104MH2008PTC183183	ENCORP POWERTRANS PRIVATE LIMITED	Director	04/06/2008	04/06/2008	Active	NO

Name :

Mr. Poongodi Poobalan

Designation :

Director

Address :

No. 2, Opposite Devappa, Garden 1st Main, Nagasheety Halli, RMV 2 Stage Extn, Bangalore - 560094, Karnataka, India

Date of Appointment :

03.09.2008

DIN No.:

01896152

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U13100KA2006PTC040022	DURGA MINING COMPANY PRIVATE LIMITED	Director	24/07/2006	24/07/2006	Active	NO
2	U13100KA2006PTC040017	DEEPSHIKA MINING COMPANY PRIVATE LIMITED	Director	24/07/2006	24/07/2006	Active	NO
3	U13100KA2006PTC040021	CHAMUNDESHWARI MINING COMPANY PRIVATE LIMITED	Director	24/07/2006	24/07/2006	Active	NO
4	U13100KA2006PTC040071	SRI DINESH MINING COMPANY PRIVATE LIMITED	Director	28/07/2006	28/07/2006	Active	NO
5	U13201KA2007PTC044442	MDP MINING AND MINERALS PRIVATE LIMITED	Director	21/11/2007	21/11/2007	Active	YES
6	U40104MH2008PTC183183	ENCORP POWERTRANS PRIVATE LIMITED	Director	03/09/2008	03/09/2008	Active	NO
7	U45201KA2009PTC050239	BALDEEP STRUCTURES AND ESTATES PRIVATE LIMITED	Director	24/06/2009	24/06/2009	Active	NO
8	U45201KA2009PTC050232	BALDEEP BUILDERS PRIVATE LIMITED	Director	24/06/2009	24/06/2009	Active	NO
9	U45201KA2009PTC050230	DINDEEP PROPERTIES PRIVATE LIMITED	Director	24/06/2009	24/06/2009	Active	NO
10	U45201KA2009PTC050225	DINDEEP STRUCTURES PRIVATE LIMITED	Director	24/06/2009	24/06/2009	Active	NO
11	U45400KA2009PTC050224	DINDEEP DEVELOPERS PRIVATE LIMITED	Director	24/06/2009	24/06/2009	Active	NO
12	U45201KA2009PTC050222	DINDEEP PROJECTS PRIVATE LIMITED	Director	24/06/2009	24/06/2009	Active	NO
13	U45201KA2009PTC050220	DINDEEP CONSTRUCTIONS PRIVATE LIMITED	Director	24/06/2009	24/06/2009	Active	NO
14	U45201KA2009PTC050219	DINDEEP BUILDERS PRIVATE LIMITED	Director	24/06/2009	24/06/2009	Active	NO
15	U45201KA2009PTC050218	BALDEEP PROPERTIES PRIVATE LIMITED	Director	24/06/2009	24/06/2009	Active	NO
16	U45400KA2009PTC050216	BALDEEP PROJECTS PRIVATE LIMITED	Director	24/06/2009	24/06/2009	Active	NO
17	U45201KA2009PTC050214	BALDEEP DEVELOPERS PRIVATE LIMITED	Director	24/06/2009	24/06/2009	Active	NO
18	U45201KA2009PTC050213	BALDEEP CONSTRUCTIONS PRIVATE LIMITED	Director	24/06/2009	24/06/2009	Active	NO
19	U45201KA2009PTC050249	DP PROPERTIES PRIVATE LIMITED	Director	25/06/2009	25/06/2009	Active	NO
20	U45201KA2009PTC050248	DP STRUCTURES PRIVATE LIMITED	Director	25/06/2009	25/06/2009	Active	NO
21	U45201KA2009PTC050247	PD INFRACON PRIVATE LIMITED	Director	25/06/2009	25/06/2009	Active	NO
22	U63040KA2010PTC052817	SMP AIR CHARTERS AND TRAVELS PRIVATE LIMITED	Director	10/03/2010	10/03/2010	Active	NO
23	U13100KA2006PTC040048	SHUBHA MINING IMPORT AND EXPORT PRIVATE LIMITED	Director	20/09/2010	20/09/2010	Active	NO
24	U13100KA2006PTC040047	MSDC MINING COMPANY PRIVATE LIMITED	Director	20/09/2010	20/09/2010	Active	NO
25	U13100KA2006PTC040079	DREAM MINE SCAPE MINERALS PRIVATE LIMITED	Director	20/09/2010	20/09/2010	Active	NO
26	U45209KA2010PTC055297	ELITE INFRABUILD PRIVATE LIMITED	Director	24/09/2010	24/09/2010	Active	NO
27	U45201KA2010PTC055691	INIKA PROPERTIES PRIVATE LIMITED	Director	29/10/2010	29/10/2010	Active	NO
28	U15490KA2012PTC064019	ZUNAA FOOD PRODUCTS PRIVATE LIMITED	Director	16/05/2012	16/05/2012	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2011

Names of Shareholders	No. of Shares
Rahul Vinod Nowal	3,000
Premlata Vinod Nowal	4,000
Vinay Vinod Nowal	3,000
Poobalan Poongodi	7,000
Total	17,000

AS ON 28.02.2012

Names of Shareholders	No. of Shares
Rahul Vinod Nowal	103800
Vinay Vinod Nowal	25000
Premlata Vinod Nowal	916000
Poobalan Poongodi	893000
Neeta Sharma	100
Vinod Noval	30100
Chandabala Ranka	15000
Total	1983000

AS ON 29.09.2011

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Power Transmission Products.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Vijaya Bank, Dharma Palace, N.S. Patkar Marg, Gamdevi Branch, Mumbai – 400007, Maharashtra, India

Facilities :

Secured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)
From Banks
Vijaya Bank – Mortgage loan	8.957	0.000
Vijaya Bank – Secured loan	8.859	0.000
Total	17.816	0.000
Notes: 1. Mortgage loans are secured on land and building 2. Other loans are secured on plant and machinery
Unsecured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)
Shareholders and Directors and their relatives	24.675	12.500
Total	24.675	12.500

Banking Relations :	--
Auditors :
Name :	Vinod Rana and Company Chartered Accountants
Address :	52 Amarwadi Back Building, Room No. 47/48 ,1st Floor, 1st Khattar Gali ,C P Tank, Mumbai – 400004, Maharashtra, India
Tel. No.:	91-22-23896484
Mobile No.:	91-9820124704
Fax No.:	91-22-23880951
E-Mail :	vgrana@vsnl.com
Income-tax PAN of auditor or auditor's firm :	AAJPR5772K

CAPITAL STRUCTURE

AFTER 29.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
2,000,000	Equity Shares	Rs. 10/- each	Rs. 20.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2,000,000	Equity Shares	Rs. 10/- each	Rs. 20.000 Millions

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
2,000,000	Equity Shares	Rs. 10/- each	Rs. 20.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
17,000	Equity Shares	Rs.10/- each	Rs. 0.170 Million

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		0.170	0.170	0.170
2] Share Application Money		0.500	0.000	0.000
3] Reserves & Surplus		0.059	0.076	0.099
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		0.729	0.246	0.269
LOAN FUNDS
1] Secured Loans		17.816	0.000	0.000
2] Unsecured Loans		24.675	12.500	10.000
TOTAL BORROWING		42.491	12.500	10.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		43.220	12.746	10.269
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		5.692	0.000	0.000
Capital work-in-progress		33.721	15.540	0.000
INVESTMENT		0.000	0.000	0.000
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	0.104	1.622	9.299
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	6.506	0.181	0.986
Total Current Assets		6.610	1.803	10.285
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	2.707	4.576	0.006
	Other Current Liabilities	0.066	0.000	0.027
	Provisions	0.046	0.046	0.046
Total Current Liabilities		2.819	4.622	0.079
Net Current Assets		3.791	(2.819)	10.206
MISCELLANEOUS EXPENSES		0.016	0.025	0.063
TOTAL		43.220	12.746	10.269

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income
		Other Income
		TOTAL (A)	0.000	0.049	0.164
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL (B)	0.017	0.072	0.019
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(0.017)	(0.023)	0.145
Less	FINANCIAL EXPENSES (D)		0.000	0.000	0.000
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(0.017)	(0.023)	0.145
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.000	0.000	0.000
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		(0.017)	(0.023)	0.145
Less	TAX (H)		0.000	0.000	0.046
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		(0.017)	(0.023)	0.099
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		0.076	0.099	0.000
	BALANCE CARRIED TO THE B/S		0.059	0.076	0.099
	Earnings/ (Loss) Per Share (Rs.)		(1.00)	(1.35)	5.82

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.00	(46.94)	60.37
Return on Total Assets (PBT/Total Assets}	(%)	(0.14)	(1.28)	1.41
Return on Investment (ROI) (PBT/Networth)		(0.02)	(0.09)	0.54
Debt Equity Ratio (Total Liability/Networth)		62.15	69.60	37.47
Current Ratio (Current Asset/Current Liability)		2.34	0.39	130.19

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	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	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
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 involved in	--
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
31]	Date of Birth of Proprietor/Partner/Director, if available	No
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U40104MH2008PTC183183
Name of the company	ENCORP POWERTRANS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	1201/ A, Utpal Park, Shitaladevi Temple Road, Mahim (West), Mumbai – 400016, Maharashtra, India Email: rahulnowal@gmail.com
This form is for	Creation of charge
Type of charge	Immovable Property Book Debts Movable Property Others (Current And Fixed Assets)
Particular of charge holder	Vijaya Bank, Dharma Palace, N.S. Patkar Marg, Gamdevi Branch, Mumbai – 400007, Maharashtra, India Email: info@ca-adlalwani.com
Nature of description of the instrument creating or modifying the charge	1. Articles of agreement 2. Hypothecation agreement 3. Articles of agreement 4. Mortgage deed (all the above agreement constitute a single charge)
Date of instrument Creating the charge	31.12.2010
Amount secured by the charge	Rs. 86.100 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest As stipulated by bank from time to time Terms of Repayment As stipulated by bank from time to time Margin As stipulated by bank from time to time Extent and Operation of the charge First Charge (Present And Future) = Total Limit = Rs. 86.100 Millions (Overdraft = Rs.31.000 Millions, Secured Loan = 33.700 Millions, Mortgage Loan = Rs.21.400 Millions) Others As stipulated by bank from time to time
Short particulars of the property charged	First charge (present and future on following assets) (1) emg of all that piece and parcel of land and building exsting and/or to be constructed thereon ,land bearing no (1) gut no 240 admg.1-20-4 H.R. (2) gut no 247 admg0-81-9 h .r. (3),gut no 245 admg 2-10-4 H.R. (4) gut no 246 admg 1-78.o H.R. Situated at village Varangade Talathi Saja Saravali, Taluka ,Palghar ,District thane within the sub registrar's office at Palghar together with easementary and apurtenants thereto (2) Hypothecation of all goods/ products/ inventories/ products/ stores/ tools kept at borrower (3) Hypothecation of all book debts and receivables (4) Hypothecation of all plant and machinery/electrical equipments and installation/ misc. fixed assets/computers/furniture and fixturers and all the assets purchased out of bank finance (5) Hypothecation of all current, movable and fixed assets

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 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 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. 54.91
UK Pound	1	Rs. 87.38
Euro	1	Rs. 70.24

INFORMATION DETAILS

Report Prepared by :

BVA

SCORE & RATING EXPLANATIONS

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

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