1. Summary Information

		Country	INDIA
Company Name	JYOTI COLOURS PRIVATE LIMITED	Principal Name 1	MR. RAJUL AMRUTLAL SHAH
Status	SATISFACTORY	Principal Name 2	MR. PRANAV RAJUL SHAH
		Registration #	08-015847
Street Address	# 486, 8^TH MAIN ROAD, 11^TH CROSS, J.P. NAGAR, II PHASE, BANGALORE – 560 078, KARNATAKA
Established Date	01.07.1994	SIC Code	--
Telephone#	91-80-26586506	Business Style 1	MANUFACTURER
Fax #	91-80-26584364	Business Style 2	SUPPLIER
Homepage	NOT AVAILABLE	Product Name 1	DYES
# of employees	NOT AVAILABLE	Product Name 2	PIGMENTS
Paid up capital	RS.1,477,000/-	Product Name 3	--
Shareholders	DIRECTORS OR RELATIVES OF DIRECTORS – 100%	Banking	CITI BANK N.A.
Public Limited Corp.	NO	Business Period
IPO	NO	International Ins.	--
Public Enterprise	NO	Rating	Ba (45)
Related Company
Relation	Country	Company Name	CEO
RELATED PARTIES	--	KRUPA COLOURS PRIVATE LIMITED	--
Note	--

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	54,697,000	Current Liabilities	49,190,000
Inventories	10,309,000	Long-term Liabilities	5,600,000
Fixed Assets	2,203,000	Other Liabilities	2,993,000
Deferred Assets	0,000	Total Liabilities	57,783,000
Invest& other Assets	0,000	Retained Earnings	7,949,000
		Net Worth	9,426,000
Total Assets	67,209,000	Total Liab. & Equity	67,209,000
Total Assets (Previous Year)	25,636,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Total Income	288,582,000	Net Profit	5,453,000
Total Income (Previous yr)	73,094,000	Net Profit(Prev.yr)	805,000

MIRA INFORM REPORT

Report Date :

13.10.2012

IDENTIFICATION DETAILS

Name :	JYOTI COLOURS PRIVATE LIMITED (w.e.f. 07.10.2011)
Formerly Known As :	JYOTHI COLOURS PRIVATE LIMITED
Registered Office :	# 486, 8^th Main Road, 11^th Cross, J.P. Nagar, II Phase, Bangalore – 560 078, Karnataka
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	01.07.1994
Com. Reg. No.:	08-015847
Capital Investment / Paid-up Capital :	Rs.1.477 Millions
CIN No.: [Company Identification No.]	U24222KA1994PTC015847
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Supplier of Dyes and Pigments.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 38000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are reported a 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.

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

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 :	# 486, 8^th Main Road, 11^th Cross, J.P. Nagar, II Phase, Bangalore – 560 078, Karnataka, India
Tel. No.:	91-80-26586506/ 26588998/ 26586507/ 26584357
Fax No.:	91-80-26584364
E-Mail :	info@jyoticolors.com krupashah91@gmail.com

DIRECTORS

As on 30.09.2011

Name :

Mr. Rajul Amrutlal Shah

Designation :

Managing Director

Address :

No.60, 2^nd Main, 11^th Cross, J.P. Nagar, III Phase, Bangalore – 560 078, Karnataka, India

Date of Birth/Age :

01.02.1959

Date of Appointment :

01.07.1994

DIN No.:

00599704

Other Directorships :

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	Date of cessation	Company/ LLP Status	Defaulting status
1	U24222KA1994PTC015847	JYOTI COLOURS PRIVATE LIMITED	Managing director	01/07/1994	01/07/1994	-	Active	NO
2	U85110KA1996PLC021114	JYOTI CHEM-OILS LIMITED	Director	09/09/1996	09/09/1996	-	Active	NO
3	U24117TN1997PTC040688	KRUPA COLOURS PRIVATE LIMITED	Managing director	31/03/1997	31/03/1997	-	Active	NO
4	U51434KA1999PTC024905	RAJ COLOURS AND PIGMENTS PRIVATE LIMITED	Director	16/03/1999	16/03/1999	-	Active	NO
5	U24231GJ1988PLC011432	MICAS ORGANICS LIMITED	Managing director	01/11/2008	01/04/2006	-	Active	NO
6	U24220GJ2005PTC045751	BLAZE PIGMENTS PRIVATE LIMITED	Director	25/08/2006	25/08/2006	-	Amalgamated	NO
7	U24117GJ2001PTC039908	SUNBRIGHT PIGMENTS PRIVATE LIMITED	Director	11/10/2006	11/10/2006	-	Amalgamated	NO
8	U24117GJ1991PTC015283	BRIGHTON INORGANICS PVT LTD	Director	22/01/2007	22/01/2007	-	Amalgamated	NO
9	U24112GJ2000PTC038901	BRIGHTON PIGMENTS PRIVATE LIMITED	Director	31/03/2007	31/03/2007	-	Amalgamated	NO
10	U24110GJ2007PTC051934	BLUETONE COLOURS PRIVATE LIMITED	Director	15/01/2008	15/01/2008	-	Active	NO
11	U33125KA2009PLC049270	KAVAN HEALTHCARE SERVICES LIMITED	Managing director	02/03/2009	02/03/2009	-	Active	NO

Name :

Mr. Pranav Rajul Shah

Designation :

Whole-time Director

Address :

No.60, 2^nd Main, 11^th Cross, J.P. Nagar, III Phase, Bangalore – 560 078, Karnataka, India

Date of Birth/Age :

25.09.1984

Date of Appointment :

26.09.2008

DIN No.:

01858969

Other Directorships :

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	Date of cessation	Company/ LLP Status	Defaulting status
1	U24222KA1994PTC015847	JYOTI COLOURS PRIVATE LIMITED	Whole-time director	26/09/2008	02/11/2007	-	Active	NO
2	U24117TN1997PTC040688	KRUPA COLOURS PRIVATE LIMITED	Whole-time director	25/09/2008	04/11/2007	-	Active	NO
3	U85110KA1996PLC021114	JYOTI CHEM-OILS LIMITED	Director	30/09/2009	03/11/2008	-	Active	NO
4	U33125KA2009PLC049270	KAVAN HEALTHCARE SERVICES LIMITED	Director	02/03/2009	02/03/2009	-	Active	NO
5	U24231GJ1988PLC011432	MICAS ORGANICS LIMITED	Director	30/09/2011	18/01/2011	-	Active	NO

Name :

Mrs. Jyothi Rajul Shah

Designation :

Whole-time Director

Address :

No.60, 2^nd Main, 11^th Cross, J.P. Nagar, III Phase, Bangalore – 560 078, Karnataka, India

Date of Birth/Age :

22.02.1968

Date of Appointment :

24.02.2011

DIN No.:

01861122

Other Directorships :

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	Date of cessation	Company/ LLP Status	Defaulting status
1	U24222KA1994PTC015847	JYOTI COLOURS PRIVATE LIMITED	Whole-time director	24/02/2011	01/07/1994	-	Active	NO
2	U85110KA1996PLC021114	JYOTI CHEM-OILS LIMITED	Director	09/09/1996	09/09/1996	-	Active	NO
3	U51434KA1999PTC024905	RAJ COLOURS AND PIGMENTS PRIVATE LIMITED	Director	16/03/1999	16/03/1999	-	Active	NO
4	U33125KA2009PLC049270	KAVAN HEALTHCARE SERVICES LIMITED	Director	02/03/2009	02/03/2009	-	Active	NO

Name :

Mr. Atit Gaurang Shah

Designation :

Director

Address :

No.3, Radha Apartments, Basappa CRS Road, Shantinagar, Bangalore – 560 027, West Bengal, India

Date of Birth/Age :

30.03.1979

Date of Appointment :

26.09.2008

DIN No.:

01948598

Other Directorships :

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	Date of cessation	Company/ LLP Status	Defaulting status
1	U24222KA1994PTC015847	JYOTI COLOURS PRIVATE LIMITED	Director	26/09/2008	02/11/2007	-	Active	NO
2	U85110KA1996PLC021114	JYOTI CHEM-OILS LIMITED	Director	30/09/2009	03/11/2008	-	Active	NO

Name :

Mr. Umesh Amrutlal Shah

Designation :

Director

Address :

No.103, Dhanishtha, Tarangan Tower 1, 10^th Floor, Near Cadbury Co, Off Eastern Express Highway, Thane (West), Thane – 400 606, Maharashtra, India

Date of Birth/Age :

17.12.1957

Date of Appointment :

01.11.1999

DIN No.:

02839055

Other Directorships :

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	Date of cessation	Company/ LLP Status	Defaulting status
1	U85110KA1996PLC021114	JYOTI CHEM-OILS LIMITED	Director	09/09/1996	09/09/1996	-	Active	NO
2	U24222KA1994PTC015847	JYOTI COLOURS PRIVATE LIMITED	Director	01/11/1999	01/11/1999	-	Active	NO

Name :

Ms. Krupa Rajul Shah

Designation :

Whole-time Director

Address :

No.60, 2^nd Main, 11^th Cross, J.P. Nagar, III Phase, Bangalore – 560 078, Karnataka, India

Date of Birth/Age :

17.05.1991

Date of Appointment :

30.09.2011

DIN No.:

03354797

Other Directorships :

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	Date of cessation	Company/ LLP Status	Defaulting status
1	U33125KA2009PLC049270	KAVAN HEALTHCARE SERVICES LIMITED	Director	30/09/2011	04/01/2011	-	Active	NO
2	U24222KA1994PTC015847	JYOTI COLOURS PRIVATE LIMITED	Whole-time director	30/09/2011	04/01/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Rajul Amrutlal Shah	12200
Jyothi Rajul Shah	350
Prasanth Rajul Shah	100
Amitha Gaurang Shah	815
Atit Gaurang Shah	250
Prathik Gaurang Shah	200
Sameer Gaurang Shah	200
Gaurang Navneet Lal Shah	225
Krupa Rajul Shah	150
Umesh Amrutlal Shah	130
Pranav Rajul Shah	150
Total	14770

As on 30.09.2011

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

BUSINESS DETAILS

Line of Business :

Manufacturer and Supplier of Dyes and Pigments.

Products :

Item Code No. (ITC Code)	380890-09, 390910 and 381400.01 and 381400.09
Product Description	Dyes, Solvents, Thinners

GENERAL INFORMATION

Suppliers :

v Aron Universal Limited

v Jayshiv Chemicals Private Limited

v Jyoti Chem Oils Limited

v Krupa Colours (Private) Limited

v Mayur Traders

v Micro Inks Limited

v Sana Interchem Private Limited

v Dhaveen Pigments Limited

v Ambe Shipping Services

v Future Business (India) Private Limited

v Krishna Creations

v Kundalika Roadways

v Shashank International

v Shreeji Marketing

Customers :

v Apoorva Printing Inks

v Bangalore Inks

v Bangalore Printing Inks

v Dyna Colour

v Flint Group India Private Limited

v Ganesh Printing Inks

v Jagadish Colour Company

v Kanthi Ptg. Inks Private Limited

v Kevichem Colours Private Limited

v Kwality Chemical Industries

v Parth Chern

v Raj Oil Sales Corporation

v Shree Colour Inks

v Spectra Ink Makers Private Limited

v South Field Paints Limited

v Navkaar Packaging

v Gem Paints Limited

v Sri Sai Jyoti Print Inks

v Sunshine Corporation

v Universal Ink Factory

v Valspar (India) Coatings Corporation (Private) Limited

v Vijaya Colour Co

No. of Employees :

Not Available

Bankers :

v Citi Bank N.A., 8^th Floor, Nirlon Knowledge Park, Block No.B-7, Off Western Express Highway, Goregaon (East), Mumbai – 400 063, Maharashtra, India

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

v Standard Chartered Bank, 112, Serenity, Koramangala Industrial Area, 5^th Block, Koramangala, Bangalore – 560 095, Karnataka, India

v HDFC Bank Limited

v Karnataka Bank Limited

v Indian Overseas Bank, J.P. Nagar

Facilities :

Secured Loans	31.03.2011 (Rs. In Millions)	31.03.2010 (Rs. In Millions)
From Banks:
Standard Chartered Bank OD	4.939	0.140
HDFC Bank Maruthi 800 Loan	0.000	0.006
HDFC Bank Auto Loan	0.457	0.780
From Others:
Secured by Hypothecation of Fixed Assets
Reliance Capital – 107489	0.054	0.201
Reliance Capital – 104754	0.050	0.190
Total	5.500	1.317

Unsecured Loans	31.03.2011 (Rs. In Millions)	31.03.2010 (Rs. In Millions)
From Shareholders and Inter Corporate Deposits	0.100	0.132
Total	0.100	0.132

Banking Relations :	--
Auditors :
Name :	Pai and Rao Chartered Accountants
Address :	#4, Yamunabai Road, Madhavnagar, Bangalore – 560 001, Karnataka, India
Tel. No.:	91-80-22356078/ 22356079/ 22356076
Fax No.:	91-80-22356076
E-Mail :	pairao@sify.com
Income-tax PAN of auditor or auditor's firm :	AACFP6175B
Related Parties :	v Krupa Colours Private Limited v Chemi Colour Corporation

CAPITAL STRUCTURE

After 30.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
200000	Equity Shares	Rs.100/- each	Rs.20.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
14770	Equity Shares	Rs.100/- each	Rs.1.477 Millions

As on 30.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
25000	Equity Shares	Rs.100/- each	Rs.2.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
14770	Equity Shares	Rs.100/- each	Rs.1.477 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		1.477	1.477	1.477
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		7.949	2.382	1.577
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		9.426	3.859	3.054
LOAN FUNDS
1] Secured Loans		5.500	1.317	0.716
2] Unsecured Loans		0.100	0.132	0.633
TOTAL BORROWING		5.600	1.449	1.349
DEFERRED TAX LIABILITIES		0.319	0.493	0.436
TOTAL		15.345	5.801	4.839
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		2.203	2.397	1.702
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	10.309	1.914	0.422
	Sundry Debtors	34.063	17.909	8.774
	Cash & Bank Balances	12.865	2.271	1.592
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	7.769	1.145	2.867
Total Current Assets		65.006	23.239	13.655
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	49.190	19.388	10.304
	Other Current Liabilities	0.000	0.000	0.000
	Provisions	2.674	0.447	0.214
Total Current Liabilities		51.864	19.835	10.518
Net Current Assets		13.142	3.404	3.137
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		15.345	5.801	4.839

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	288.582	73.094	59.068
		Other Income
		TOTAL	288.582	73.094	59.068
Less	EXPENSES
		Office Expenses	280.515	71.785	58.442
		Administrative Expenses
		Advertising Expenses
		TOTAL	280.515	71.785	58.442
	PROFIT BEFORE TAX		8.067	1.309	0.626
Less	TAX		2.614	0.504	0.264
	PROFIT AFTER TAX		5.453	0.805	0.362
	Earnings Per Share (Rs.)		27.00	57.55	24.48

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	1.89	1.10	0.61
Return on Total Assets (PBT/Total Assets}	(%)	12.00	5.11	4.08
Return on Investment (ROI) (PBT/Networth)		0.86	0.34	0.20
Debt Equity Ratio (Total Liability/Networth)		6.10	5.52	3.89
Current Ratio (Current Asset/Current Liability)		1.25	1.17	1.30

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	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	Yes
17) Major suppliers	Yes
18) Major customers	Yes
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	Yes
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	No

OPERATIONS AND FUTURE PROSPECTS:

The Company has established a good clientele and hopes to get good business. The Directors are confident that the future prospects of the Company are bright.

FORM 8:

This form is for	Creation of charge
Corporate identity number of the company	U24222KA1994PTC015847
Name of the company	JYOTI COLOURS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	# 486, 8^th Main Road, 11^th Cross, J.P. Nagar, II Phase, Bangalore – 560 078, Karnataka, India info@jyoticolors.com
Type of charge	Immovable Property Any interest in immovable property
Particular of charge holder	Citi Bank N.A., 8^th Floor, Nirlon Knowledge Park, Block No.B-7, Off Western Express Highway, Goregaon (East), Mumbai – 400 063, Maharashtra, India E-Mail: leena.hingorani@citi.com
Nature of description of the instrument creating or modifying the charge	Loan Agreement.
Date of instrument Creating the charge	23.05.2012
Amount secured by the charge	Rs.22.400 Millions
Brief particulars of the principal terms and conditions and extent and operation of the charge	Rate of Interest Rate of Interest @ 10.75% Terms of Repayment The Loan to be repayable in MMR 180 Months of Rs.0.251 Million starting from 01.06.2012 and ending on 01.05.2027. Margin As may be stipulated by the Bank from time to time. Extent and Operation of the charge Repayment of loan Rs.22.400 Millions together with interest, fees, costs, charges and expenses and all other amounts payable to the Bank shall be secured by way of first exclusive charge by way of mortgage in favour of the Bank over the property and any other securities as may be acceptable to the Bank. Others The Borrower shall be liable to furnish additional security, as decided by the Bank, to the Bank in the event of value of the primary security deteriorates substantially or does not adequately cover the loan or any outstanding under the loan.
Short particulars of the property charged	Flat No.4204, 42^nd Floor, 'B' Wing, Oberoi Exquisite, Oberoi Garden City, Off W E highway, Goregaon (East) Mumbai - 400 063, Maharashtra, India

FIXED ASSETS:

v Air Conditioner

v Computers

v Cycle

v Furniture and Fixture

v Motor Cycle

v New Maruthi – 800

v Tata – 407 Vehicle

v UPS

v Office Equipments

v Scooter

v Type Writer

v Books

v Mobile Phone

v Maruthi Swift Car

v Paper Fax

v New Bajaj Platina

v Printer

v Maruthi Alto

v Sapphire Honda

v New Innova 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 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.52.70
UK Pound	1	Rs.84.51
Euro	1	Rs.68.15

INFORMATION DETAILS

Report Prepared by :

SMN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	4
--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		45

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.