MIRA INFORM REPORT

Report Date :

16.10.2012

IDENTIFICATION DETAILS

Name :	J P EXTRUSIONTECH LIMITED
Registered Office :	Plot No. 1701, GIDC Industrial Estate, Ankleshwar – 393 002, Gujarat
Country :	India
Date of Incorporation :	06.04.2011
Com. Reg. No.:	04-064803
Capital Investment / Paid-up Capital :	Rs. 48.705 millions
CIN No.: [Company Identification No.]	U29291GJ2011PLC064803
TAN No.: [Tax Deduction & Collection Account No.]	BRDJ01776F
PAN No.: [Permanent Account No.]	AACCJ5616Q
Legal Form :	A Public Limited Liability company. The company’s Share are Listed on the Stock Exchange.
Line of Business :	Manufacturer and Exporter of Plastic Processing Machines and Equipments and Importer of Raw Material and Finished Goods.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (31)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject was established as a partnership concern during 1997 by the name ‘J P Extrusions’ and during April 2011 it got converted into a private limited company by the name ‘ J P Extrusiontech Limited’ It is having moderate track. Trade relations are reported as fair. The management has failed to file its financials with the government department. Mr. Vinod Mahajan from the Marketing department has provided general informations and denied to disclose any financial details. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some caution.

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.

INFORMATION PARTED BY (GENERAL DETAILS)

Name :	Mr. Vinod Mahajan
Designation :	Marketing Department
Contact No.:	91-9426806524
Date :	15.10.2012

LOCATIONS

Registered Office / Warehouse :	Plot No. 1701, GIDC Industrial Estate, Ankleshwar – 393 002, Gujarat, India
Tel. No.:	91-2646-250194/221143/251083
Mobile No.:	91-9426806524 (Mr. Vinod Mahajan)
Fax No.:	91-2646-250196
E-Mail :	jpextrusion1701@gmail.com info@jpextrusiontech.com
Location :	Owned

DIRECTORS

As on 05.04.2011

Name :

Mr. Jagganath kashiram Patkar

Designation :

Whole-time Director

Address :

Row House No 1, Kaustubh Park, Mandapeshwar Road, Near Bhagwati Hospital, Borivali West, Mumbai – 400092, Maharashtra,

India

Date of Birth/Age :

01.08.1942

Date of Appointment :

01.01.2012

DIN No.:

01598941

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	Date of cessation	Company/ LLP Status	Defaulting status
1	U29190GJ1993PLC019130	PATKAR EXTRUSIONS LIMITED	Director	04/12/1998	04/12/1998	-	Active	NO
2	U25209GJ1992PTC017728	PRERNADIP PLASTCS PRIVATE LIMITED	Director	01/12/1999	01/12/1999	-	Active	NO
3	U25200GJ2008PLC053523	JAGANNATH EXTRUSION INDIA LIMITED	Director	01/01/2012	08/04/2008	-	Active	NO
4	U29291GJ2011PLC064803	J P EXTRUSIONTECH LIMITED	Whole-time director	01/01/2012	06/04/2011	-	Active	NO

Name :

Mr. Nathu Jamu Dorik

Designation :

Whole-time Director

Address :

Jagannath Bhavan Plot No. 1321, 1323, Near Gil Colony, GIDC, Ankleshwar Bharuch, Gujarat – 393002, India

Date of Birth/Age :

01.01.1954

Date of Appointment :

01.01.2012

DIN No.:

01602247

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	Date of cessation	Company/ LLP Status	Defaulting status
1	U22122GJ1986PTC008883	M J POLYCOATER PVT LTD	Director	18/08/1986	18/08/1986	-	Active	NO
2	U40109GJ1996PLC029147	DORIK PLASTOCHEM LIMITED	Director	01/04/2009	25/03/1996	-	Active	NO
3	U25200GJ2008PLC053523	JAGANNATH EXTRUSION INDIA LIMITED	Director	01/01/2012	08/04/2008	-	Active	NO
4	U29291GJ2011PLC064803	J P EXTRUSIONTECH LIMITED	Whole-time director	01/01/2012	06/04/2011	-	Active	NO

Name :

Mr. Dattatray Kashiram Patkar

Designation :

Director

Address :

1321,22,23, Jagannath Bhavan, Near Gil Colony, GIDC, Ankleshwar, Gujarat – 393002, India

Date of Birth/Age :

08.04.1959

Date of Appointment :

06.04.2011

DIN No.:

00972915

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	Date of cessation	Company/ LLP Status	Defaulting status
1	U29190GJ1993PLC019130	PATKAR EXTRUSIONS LIMITED	Whole-time director	01/01/2012	15/03/1995	-	Active	NO
2	U25200GJ2008PLC053523	JAGANNATH EXTRUSION INDIA LIMITED	Director	01/01/2012	08/04/2008	-	Active	NO
3	U29291GJ2011PLC064803	J P EXTRUSIONTECH LIMITED	Director	06/04/2011	06/04/2011	-	Active	NO

Name :

Mr. Pandurang Kashiram Patkar

Designation :

Whole-time Director

Address :

Uday Colony Ral-1, GIDC, Ankleshwar Bharuch – 393002 , Gujarat, India

Date of Birth/Age :

01.06.1965

Date of Appointment :

01.01.2012

DIN No.:

01602123

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	Date of cessation	Company/ LLP Status	Defaulting status
1	U29190GJ1993PLC019130	PATKAR EXTRUSIONS LIMITED	Director	01/01/2012	15/03/1993	-	Active	NO
2	U25200GJ2008PLC053523	JAGANNATH EXTRUSION INDIA LIMITED	Director	08/04/2008	08/04/2008	-	Active	NO
3	U29291GJ2011PLC064803	J P EXTRUSIONTECH LIMITED	Whole-time director	01/01/2012	06/04/2011	-	Active	NO

Name :

Mr. Deepak Chhaganbhai Patkar

Designation :

Director

Address :

1321, Jagannath Bhawan, GIDC, Ankleshwar, Gujarat – 393002, India

Date of Birth/Age :

04.12.1973

Date of Appointment :

06.04.2011

DIN No.:

00874712

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	Date of cessation	Company/ LLP Status	Defaulting status
1	U25209CH1998PTC021852	KAMALDEEP PLASTIC PRIVATE LIMITED	Director	07/10/1998	07/10/1998	-	Active	NO
2	U25200GJ2008PLC053523	JAGANNATH EXTRUSION INDIA LIMITED	Whole-time director	01/01/2012	08/04/2008	-	Active	NO
3	U29291GJ2011PLC064803	J P EXTRUSIONTECH LIMITED	Director	06/04/2011	06/04/2011	-	Active	NO

Name :

Mr. Dnyaneshwar Jamu Dorik

Designation :

Director

Address :

J.P. Industries, Plot No.1701, G.I.D.C, Ankleshwar, Gujarat – 393002, India

Date of Birth/Age :

01.06.1965

Date of Appointment :

06.04.2011

DIN No.:

01598871

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	Date of cessation	Company/ LLP Status	Defaulting status
1	U29190GJ1993PLC019130	PATKAR EXTRUSIONS LIMITED	Director	01/01/2012	15/03/1993	-	Active	NO
2	U25200GJ2008PLC053523	JAGANNATH EXTRUSION INDIA LIMITED	Whole-time director	01/01/2012	08/04/2008	-	Active	NO
3	U29291GJ2011PLC064803	J P EXTRUSIONTECH LIMITED	Director	06/04/2011	06/04/2011	-	Active	NO

Name :

Mr. Mahesh Jagannath Patkar

Designation :

Director

Address :

J.P. Industries, Plot No.1701, G.I.D.C, Ankleshwar, Gujarat – 393002, India

Date of Birth/Age :

31.05.1971

Date of Appointment :

06.04.2011

DIN No.:

01598983

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	Date of cessation	Company/ LLP Status	Defaulting status
1	U29190GJ1993PLC019130	PATKAR EXTRUSIONS LIMITED	Whole-time director	01/01/2012	15/03/1993	-	Active	NO
2	U25209GJ1992PTC017728	PRERNADIP PLASTCS PRIVATE LIMITED	Additional director	13/07/2007	13/07/2007	-	Active	NO
3	U25200GJ2008PLC053523	JAGANNATH EXTRUSION INDIA LIMITED	Director	08/04/2008	08/04/2008	-	Active	NO
4	U29291GJ2011PLC064803	J P EXTRUSIONTECH LIMITED	Director	06/04/2011	06/04/2011	-	Active	NO

Name :

Mr. Vipul Jagannath Patkar

Designation :

Director

Address :

1/10, Durga Smriti, Ram Mandir Road, Babhai, Borivali (W), Mumbai – 400092, Maharashtra, India

Date of Birth/Age :

23.07.1968

Date of Appointment :

06.04.2011

DIN No.:

01599309

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	Date of cessation	Company/ LLP Status	Defaulting status
1	U29190GJ1993PLC019130	PATKAR EXTRUSIONS LIMITED	Director	15/03/1993	15/03/1993	-	Active	NO
2	U25209GJ1992PTC017728	PRERNADIP PLASTCS PRIVATE LIMITED	Director	01/12/1999	01/12/1999	-	Active	NO
3	U25200GJ2008PLC053523	JAGANNATH EXTRUSION INDIA LIMITED	Whole-time director	01/01/2012	08/04/2008	-	Active	NO
4	U29291GJ2011PLC064803	J P EXTRUSIONTECH LIMITED	Director	06/04/2011	06/04/2011	-	Active	NO

Name :

Mr. Ramkrishna Jamu Dorik

Designation :

Whole-time Director

Address :

R B L-11/B-9, Opposite Gattu School, G.I.D.C., Ankleshwar Bharuch – 393002, Gujarat, India

Date of Birth/Age :

01.06.1962

Date of Appointment :

01.01.2012

DIN No.:

01602033

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	Date of cessation	Company/ LLP Status	Defaulting status
1	U29190GJ1993PLC019130	PATKAR EXTRUSIONS LIMITED	Director	01/01/2012	15/03/1993	-	Active	NO
2	U25209GJ1992PTC017728	PRERNADIP PLASTCS PRIVATE LIMITED	Director	12/08/1996	12/08/1996	-	Active	NO
3	U40109GJ1996PLC029147	DORIK PLASTOCHEM LIMITED	Director	30/06/2004	30/06/2004	-	Active	NO
4	U25200GJ2008PLC053523	JAGANNATH EXTRUSION INDIA LIMITED	Director	08/04/2008	08/04/2008	-	Active	NO
5	U29291GJ2011PLC064803	J P EXTRUSIONTECH LIMITED	Whole-time director	01/01/2012	06/04/2011	-	Active	NO

MAJOR SHAREHOLDERS

As on 05.04.2011

Names of Shareholders	No. of Shares
Jagannath Kashiram Patkar	377100
Nathubhai Jamubhai Dorik	405000
Dattray Kashiram Patkar	272700
Ramkrishna Jamu Dorik	387000
Pandurang Kashiram Patkar	315900
Dyaneshwar Jamu Dorik	486000
Vipul Jagannath Patkar	528300
Mahesh Jagannath Patkar	528300
Deepak Chhaganbhai Patkar	70200
TOTAL	3370500

As on 10.03.2012

Names of Shareholders	No. of Shares
Patkar Extrusions Limited, India	1500000
TOTAL	1500000

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of Plastic Processing Machines and Equipments and Importer of Raw Material and Finished Goods.
Products :	· Plastic Processing Machinery · Lamination Machinery · Flexo Printing Machinery · Cutting Machine
Exports :
Products :	· Plastic Processing Machines
Countries :	· Nepal · South Africa · Mexico
Imports :
Products :	· Raw Materials · Finished Goods
Countries :	· China · Germany · Thailand · USA
Terms :
Selling :	Cash / Credit
Purchasing :	Cash / Credit

GENERAL INFORMATION

Customers :	Manufacturing Company · Woven Sack Machinery
No. of Employees :	Not Available
Bankers :	Bank of Baroda, Industrial Estate Branch, GIDC Industrial Estate, GIDC, Ankleshwar – 393 002, Gujarat, India

Banking Relations :	--
Auditors :
Name :	G N Shah Chartered Accountants
Address :	Gujarat
Associates/Subsidiaries :	Jaiko Industries

CAPITAL STRUCTURE

As on

Authorized Capital:

No. of Shares	Type	Value	Amount
4950000	Equity Shares	Rs. 10/- each	Rs. 49.500 millions

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
4870500	Equity Shares	Rs. 10/- each	Rs. 48.705 millions

FINANCIAL DATA

[all figures are in Rupees Millions]

NOT DIVULGED

The above information has been denied by Mr. Vinod Mahajan.

Note : Sole Proprietory and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry.

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	Yes
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	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	No
12]	Profitability for last three years	No
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	Yes
20]	Export / Import details (if applicable)	Yes
21]	Market information	----
22]	Litigations that the firm / promoter involved in	----
23]	Banking Details	Yes
24]	Banking facility details	No
25]	Conduct of the banking account	----
26]	Buyer visit details	----
27]	Financials, if provided	No
28]	Incorporation details, if applicable	No
29]	Last accounts filed at ROC	No
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

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U29291GJ2011PLC064803
Name of the company	J P EXTRUSIONTECH LIMITED
Address of the registered office or of the principal place of business in India of the company	Plot No.1701, GIDC Industrial Estate, Ankleshwar, Gujarat – 393002, India e-mail: info@jpextrusiontech.com
This form is for	Modification of charge
Charge identification number of the modified	10288601
Type of charge	Immovable Property
Particular of charge holder	Bank of Baroda, Industrial Estate Branch, GIDC Industrial Estate, GIDC, Ankleshwar – 393 002, Gujarat, India e-mail: indank@bankofbaroda.com
Nature of description of the instrument creating or modifying the charge	Instrument Relating to Deposit of Title Deeds
Date of instrument Creating the charge	13.06.2012
Amount secured by the charge	Rs. 163.077 millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest TL - IV, V, VI, VII (Fresh), VIII (Fresh), IX (Fresh), Cash Credit - 3.75% Above Base Rate, PC Cum FBD - 1% Above Base Rate Terms of Repayment TL IV - In 60 monthly installments of Rs. 0.205 million each, TL V - In 60 monthly installments of Rs. 0.260 million each, TL VI - In 12 Quarterly installments of Rs. 0.525 million each, TL VII - In 60 monthly installments of Rs. 0.075 million each, TL VIII - In 59 monthly installments of Rs. 0.333 millions each and last installments of Rs. 0.353 Millions, TL IX - In 35 monthly installments of Rs. 0.167 millions each and last installments of Rs. 0.155 millions, Cash Credit - on Demand Margin TL - IV - 25%, TL - V - 30%, TL - VI - 44%, TL - VII - 30% on Building and 25% on Electrical Installation, TL - VIII - 25%, TL - IX - 55.97%, Cash Credit - 25% for RM, 30% for SIP, FG, Stores and Spares and Packing Materials, 30% for Book Debts upto 60 days, BP/BD - 10% Cash, PC Cum FBD - 15% on FOB value of export order, 10% on foreign bills to be purchased/discounted, LC - 10% Cash margin in the form of SDR/FDR of the Bank, WC - 10% Cash margin in the form of SDR/FDR of the Bank Extent and Operation of the charge Various credit facilities granted to the company to the tune of Rs.103.977 Millions and Credit facilities granted to associate concern M/s Jaiko Industries to the tune of Rs. 59.100 Millions aggregating to Rs. 163.077 Millions are secured by way of mortgage of immovable properties more particularly described in second schedule to the Instrument relating to Deposit of Title Deeds. Others Credit facilities - (J P Extrusiontech Ltd) - TL - IV- Rs. 0.742 millions + TL - V- Rs. 8.060 millions + TL - VI- Rs. 4.675 millions + TL - VII (fresh)- Rs.45.00 millions + TL - VIII (fresh)- Rs. 20.000 millions + TL - IX (fresh)- Rs. 6.000 millions + CC - Rs.30.000 millions + PC cum FBD - Rs. 15.000 millions + Inland/Import LC - Rs. 10.000 millions + BG - Rs. 5.000 millions = Rs. 103.977 millions (Jaiko Industries) - TL – Rs. 47.600 millions + CC - Rs. 9.000 millions + BG - Rs. 2.500 millions = Rs. 59.100 millions = Aggregating to Rs. 163.077 Millions
Short particulars of the property charged	(1) All that piece and parcel of N.A. Land bearing at Plot No.4210, consisting of R.S.No.388/P, 396/P & 397/P in the Vill.limit Piramal, Ankleshwar, Bharuch adm.2013 sq.mtrs or thereabout together with all buildings and structures standing thereon or to be erected hereafter and the plant and machi attached to the earth or permanently fastened to anything attached to the earth both present & future. (2) All that piece and parcel of N.A. Land bearing at No.1701, consisting of R.S.No.396/1 paiki in the Ankleshwar Ind. Estate in the Vill.limit Piramal, Ankleshwar, Bharuch adm.2771.35 sq.mtrs or there about together with all buildings and structures standing thereon or to be erected hereafter and the plant and machinery attached to the earth or permanently fastened to anything attached to the earth both present and future. (3) All that piece and parcel of N.A. Land bearing at No.4204, consisting of R.S.No.397/2P in the Ankleshwar Industrial Estate in the Vill.limit Piramal, Ankleshwar, Bharuch adm.2016 sq.mtrs. or thereabout together with all buildings and structures standing thereon or to be erected hereafter and the plant and machinery attached to the earth or permanently fastened to anything attached t o the earth both present & future. (4) All that piece and parcel of N.A. Land bearing at No.4205, consisting of R.S.No.387/2/P in the Ankleshwar Industrial Estate in the Vill.limit Piramal, Ankleshwar, Bharuch adm.2016 sq.mtrs. or thereabout together with all buildings and structures standing thereon or to be erected hereafter and the plant and machinery attached to the earth or permanently fastened to anything attached to the earth both present & future. (5) All that piece and parcel of N.A. Land bearing at No.4209, consisting of R.S.No.388/2/P,387/2/P & 397/2/P in the Ankleshwar Industrial Estate in the Vill limit Piramal, Ankleshwar, Bharuch adm.1202-52 sq.mtrs.
Date of latest modification prior to the present modification	25.01.2012
Particulars of the present modification	By this execution the charge extended to cover revised credit facilities to Rs. 163.077 Millions [(J P Extrusiontech Limited) - TL-IV- Rs. 0.742 millions + TL-V- Rs. 8.060 millions + TL-VI- Rs. 4.675 millions + TL-VII (fresh)- Rs. 4.500 millions + TL-VIII (fresh)- Rs.20.000 millions + TL-IX (fresh)- Rs. 6.000 millions + CC-Rs. 30.000 millions + PC cum FBD - Rs. 15.000 millions + Inland/Import LC-Rs. 10.000 millions + BG-Rs. 5.000 millions = Rs. 103.977 millions. (Jaiko Industries) TL-Rs. 47.600 millions + CC-Rs. 9.000 millions+ BG Rs. 2.500 millions = Rs. 59.100 millions.

TRADE REFERENCE

· Woven Sack Machinery

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.53.12
UK Pound	1	Rs.85.15
Euro	1	Rs.68.60

INFORMATION DETAILS

Information Gathered by :	PDT
Report Prepared by :	NID

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	4
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		31

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.