MIRA INFORM REPORT

Report Date :

19.10.2012

IDENTIFICATION DETAILS

Name :	AMISON FISHERIES LIMITED
Registered Office :	At and Post Kalethar, Tarkarli Road, Taluka Malvan – 416606, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	12.12.1990
Com. Reg. No.:	11-139300
Capital Investment / Paid-up Capital :	Rs. 10.000 Millions
CIN No.: [Company Identification No.]	U05005PN1990PLC139300
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Trader, Exporter and Supplier of Sea Foods like Fish Shrimps, Lobsters etc.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca (17)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track. There appears some accumulated losses recorded by the company. However trade relations are reported as fair. Business is active. Payments are reported to be slow. 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

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 :	At and Post Kalethar, Tarkarli Road, Taluka Malvan – 416606, Maharashtra, India
Tel. No.:	91-2365-248777
Fax No.:	91-2365-248542
E-Mail :	amisonfisheriesltd@sancharnet.in pgassociate@rediffmail.com amison@amison.in
Website :	http://www.amison.in

DIRECTORS

AS ON 30.09.2011

Name :

Mr. Nitesh Narayan Rane

Designation :

Director

Address :

9/301, E Wing, Atur Park, 5^th Road, Ganga Estate, Chembur, Mumbai – 400071, Maharashtra, India

Date of Birth/Age :

23.06.1982

Date of Appointment :

20.03.2009

DIN No.:

00285965

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	U55101MH1996PTC100605	NEELAM HOTELS PRIVATE LIMITED	Director	27/06/1996	27/06/1996	-	Active	NO
2	U70100MH1996PTC103099	NEELESH PROPERTIES PRIVATE LIMITED	Director	23/06/2000	23/06/2000	27/12/2008	Active	NO
3	U45200MH1995PTC092839	SKYWALK BUILDERS PRIVATE LIMITED	Director	12/06/2002	12/06/2002	-	Active	NO
4	U45102MH2000PTC130227	ASHWAMEGH PROPERTIES PRIVATE LIMITED	Director	05/08/2002	05/08/2002	27/12/2008	Active	NO
5	U70100MH1996PTC102663	ANEKA BUILDERS AND DEVELOPERS PRIVATE LIMITED	Director	19/08/2002	19/08/2002	-	Active	NO
6	U70100MH1996PTC102648	PURU CONSTRUCTIONS PRIVATE LIMITED	Director	01/11/2002	01/11/2002	-	Active	NO
7	U70100MH1996PTC100568	NITESH REALTIES PRIVATE LIMITED	Director	20/02/2003	20/02/2003	-	Active	NO
8	U70100MH1996PTC101361	YATIN REAL ESTATES PRIVATE LIMITED	Director	28/05/2003	28/05/2003	-	Active	NO
9	U45200MH2004PTC145233	BESTLINE CONSTRUCTIONS PRIVATE LIMITED	Director	03/03/2005	03/03/2005	-	Active	NO
10	U45203MH1998PTC115373	BLUEPEARL PROPERTIES PRIVATE LIMITED	Director	18/04/2005	18/04/2005	-	Active	NO
11	U51909MH2005PTC152983	REALSTONE MULTITRADE PRIVATE LIMITED	Director	11/05/2005	11/05/2005	-	Active	NO
12	U45201MH2007PTC166742	NNR BUILDERS PRIVATE LIMITED	Director	04/01/2007	04/01/2007	-	Active	NO
13	U27109MH2007PTC166739	NNR STEEL PRIVATE LIMITED	Director	04/01/2007	04/01/2007	-	Active	NO
14	U70100MH2000PTC124806	SNS COMMERCIAL PREMISES PRIVATE LIMITED	Director	09/01/2007	09/01/2007	-	Active	NO
15	U70100MH2005PTC153184	SDB ESTATE PRIVATE LIMITED	Director	09/01/2007	09/01/2007	-	Active	NO
16	U22210MH2008PTC179443	RANE PRAKASHAN PRIVATE LIMITED	Director	25/02/2008	25/02/2008	-	Active	NO
17	U15400MH2008PTC188355	KONKAN FOOD PROCESSORS PRIVATE LIMITED	Director	20/11/2008	20/11/2008	-	Active	NO
18	U45200MH2003PTC140098	NEXGEN DEVELOPERS PRIVATE LIMITED	Director	18/12/2008	18/12/2008	-	Dormant	NO
19	U70100MH2005PTC156752	LAKSH PROPERTIES PRIVATE LIMITED	Director	18/12/2008	18/12/2008	-	Active	NO
20	U40109MH2007PTC174075	LAKSH POWER PRIVATE LIMITED	Director	18/12/2008	18/12/2008	-	Active	NO
21	U45200MH2007PTC166743	LIONS DEN CONSTRUCTIONS PRIVATE LIMITED	Director	18/12/2008	18/12/2008	-	Active	NO
22	U15122PN2004PTC018737	SINDHUDURG FOOD PRODUCTS PRIVATE LIMITED	Director	30/09/2009	20/03/2009	-	Active	NO
23	U05005PN1990PLC139300	AMISON FISHERIES LIMITED	Director	30/09/2009	20/03/2009	-	Active	NO
24	U51410MH2003PTC142308	AANANT PETRO PUMPS PRIVATE LIMITED	Director	08/07/2010	08/07/2010	-	Active	NO
25	U50400MH2011PTC213126	NEELAM AUTOMOBILES PRIVATE LIMITED	Director	07/02/2011	07/02/2011	01/07/2012	Active	NO
26	U15122MH2012PTC231106	RANE VENTURES PRIVATE LIMITED	Director	15/05/2012	15/05/2012	-	Active	NO
27	U72100MH2005PTC150931	AUTOMATIC AUTO & I. T.SERVICES PRIVATE LIMITED COS REQUEST	Director	05/10/2012	05/10/2012	-	Active	NO

Name :

Mr. Ravindra Sadanand Phatak

Designation :

Director

Address :

21/22, A-B, Hiramoti Nagar, 2^nd Floor, Shivaji Nagar, Wagale Estate, Thane – 400604, Maharashtra, India

Date of Birth/Age :

15.08.1966

Date of Appointment :

12.12.1990

DIN No.:

00358697

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	U05005PN1990PLC139300	AMISON FISHERIES LIMITED	Director	12/12/1990	12/12/1990	-	Active	NO
2	U45200MH2003PTC141070	OYSTER BUILDERS PRIVATE LIMITED	Director	26/06/2003	26/06/2003	-	Active	NO
3	U15122PN2004PTC018737	SINDHUDURG FOOD PRODUCTS PRIVATE LIMITED	Director	05/01/2004	05/01/2004	-	Active	NO
4	U70100MH2005PTC156792	YOGI REALTY PRIVATE LIMITED	Director	11/03/2006	11/03/2006	-	Active	NO
5	U45201MH2006PTC163327	PRIDE INDUSTRIAL PARK PRIVATE LIMITED	Director	07/06/2009	07/06/2009	-	Active	NO
6	U34300MH2009PTC193495	SHREE SAI TWO WHEELERS PRIVATE LIMITED	Director	22/06/2009	22/06/2009	-	Active	NO
7	U45202MH2009PTC197367	DIVI REALTY PRIVATE LIMITED	Director	01/06/2010	01/06/2010	-	Active	NO
8	U45201MH2006PTC166061	ORCHID BUILTCON PRIVATE LIMITED	Director	17/01/2011	17/01/2011	03/02/2012	Active	NO
9	U45400MH2011PTC213204	BLUESTAR INFRAHOUSING PRIVATE LIMITED	Director	09/02/2011	09/02/2011	-	Active	NO
10	U55250MH1986PTC039707	DECCAN RESORTS (MAHAD) PRIVATE LIMITED	Additional director	16/04/2012	16/04/2012	-	Active	NO
11	U50400MH2011PTC213126	NEELAM AUTOMOBILES PRIVATE LIMITED	Additional director	01/07/2012	01/07/2012	-	Active	NO
12	U10100MH2012PTC235625	EXO RESOURCEMINES PRIVATE LIMITED	Director	12/09/2012	12/09/2012	-	Active	NO
13	U36911MH2005PTC157188	GOLDSTAR METAL SOLUTIONS PRIVATE LIMITED	Director	28/09/2012	28/09/2012	-	Active	NO
14	AAA-4272	PARORCH DEVELOPERS LLP	Body corporate as Designated Partner	28/03/2011	28/03/2011	-	Active	NO

Name :

Mrs. Neelam Narayan Rane

Designation :

Additional director

Address :

9/301, E Wing, Atur Park, 5^th Road, Ganga Estate, Chembur, Mumbai – 400071, Maharashtra, India

Date of Birth/Age :

25.05.1961

Date of Appointment :

23.06.2011

DIN No.:

00285968

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	U55101MH1996PTC100605	NEELAM HOTELS PRIVATE LIMITED	Director	27/06/1996	27/06/1996	-	Active	NO
2	U70100MH1999PTC122237	SUKH SAGAR REAL ESTATE PRIVATE LIMITED	Director	09/12/1999	09/12/1999	-	Active	NO
3	U45200MH1995PTC092839	SKYWALK BUILDERS PRIVATE LIMITED	Director	12/06/2002	12/06/2002	-	Active	NO
4	U45102MH2000PTC130227	ASHWAMEGH PROPERTIES PRIVATE LIMITED	Director	05/08/2002	05/08/2002	27/12/2008	Active	NO
5	U70100MH1996PTC102663	ANEKA BUILDERS AND DEVELOPERS PRIVATE LIMITED	Director	19/08/2002	19/08/2002	-	Active	NO
6	U70100MH1996PTC102648	PURU CONSTRUCTIONS PRIVATE LIMITED	Director	01/11/2002	01/11/2002	-	Active	NO
7	U70100MH1996PTC100568	NITESH REALTIES PRIVATE LIMITED	Director	20/02/2003	20/02/2003	-	Active	NO
8	U51410MH2003PTC142308	AANANT PETRO PUMPS PRIVATE LIMITED	Director	22/09/2003	22/09/2003	-	Active	NO
9	U50100MH2003PTC142348	FUTURISTICS MOTOR DEALERS PRIVATE LIMITED	Director	04/11/2003	04/11/2003	-	Active	NO
10	U45102MH2001PTC130444	CHANDRA DARSHAN PROPERTIES PRIVATE LIMITED	Director	20/01/2004	20/01/2004	-	Active	NO
11	U70100MH2004PTC144355	ARTLINE PROPERTIES PRIVATE LIMITED	Director	12/03/2004	12/03/2004	-	Active	NO
12	U45200MH2004PTC145233	BESTLINE CONSTRUCTIONS PRIVATE LIMITED	Director	03/03/2005	03/03/2005	-	Active	NO
13	U51909MH2005PTC152983	REALSTONE MULTITRADE PRIVATE LIMITED	Director	11/05/2005	11/05/2005	-	Active	NO
14	U70100MH2005PTC156752	LAKSH PROPERTIES PRIVATE LIMITED	Director	05/12/2005	05/12/2005	-	Active	NO
15	U45200MH2007PTC166743	LIONS DEN CONSTRUCTIONS PRIVATE LIMITED	Director	04/01/2007	04/01/2007	-	Active	NO
16	U45201MH2007PTC166742	NNR BUILDERS PRIVATE LIMITED	Director	04/01/2007	04/01/2007	-	Active	NO
17	U27109MH2007PTC166739	NNR STEEL PRIVATE LIMITED	Director	04/01/2007	04/01/2007	-	Active	NO
18	U70100MH2005PTC153184	SDB ESTATE PRIVATE LIMITED	Director	09/01/2007	09/01/2007	-	Active	NO
19	U70100MH2000PTC124806	SNS COMMERCIAL PREMISES PRIVATE LIMITED	Director	09/01/2007	09/01/2007	-	Active	NO
20	U40109MH2007PTC174075	LAKSH POWER PRIVATE LIMITED	Director	13/09/2007	13/09/2007	-	Active	NO
21	U45200MH2003PTC141070	OYSTER BUILDERS PRIVATE LIMITED	Director	18/12/2008	18/12/2008	-	Active	NO
22	U70100MH1996PTC101361	YATIN REAL ESTATES PRIVATE LIMITED	Director	18/12/2008	18/12/2008	-	Active	NO
23	U70100MH1998PTC117138	NIPUN REAL ESTATE PRIVATE LIMITED	Director	18/12/2008	18/12/2008	-	Active	NO
24	U70100MH1996PTC103099	NEELESH PROPERTIES PRIVATE LIMITED	Director	18/12/2008	18/12/2008	-	Active	NO
25	U15400MH2008PTC188355	KONKAN FOOD PROCESSORS PRIVATE LIMITED	Director	19/02/2009	19/02/2009	-	Active	NO
26	U01403MH2009PTC191789	KONKAN MAHILA VIKAS COMPANY PRIVATE LIMITED	Director	17/04/2009	17/04/2009	-	Active	NO
27	U50400MH2011PTC213126	NEELAM AUTOMOBILES PRIVATE LIMITED	Director	07/02/2011	07/02/2011	01/07/2012	Active	NO
28	U15122PN2004PTC018737	SINDHUDURG FOOD PRODUCTS PRIVATE LIMITED	Director	30/09/2011	23/06/2011	-	Active	NO
29	U05005PN1990PLC139300	AMISON FISHERIES LIMITED	Director	30/09/2011	23/06/2011	-	Active	NO
30	U15122MH2012PTC231106	RANE VENTURES PRIVATE LIMITED	Director	15/05/2012	15/05/2012	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2011

Names of Shareholders	No. of Shares
Nilesh N. Rane	47000
Nilam Narayan Rane	9300
Ravindra Sadanand Phatak	6200
K H Saleem	7500
T A Mohamed Habeebullah	7000
H S Nameer	5000
K S Anwar Sadath	6500
K S Abdul Rahiman Arshad	6500
H S Nissar	5000
Total	100000

AS ON 30.09.2011

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

BUSINESS DETAILS

Line of Business :	Trader, Exporter and Supplier of Sea Foods like Fish Shrimps, Lobsters etc.
Products :	Processed Sea Food - Fish

PRODUCTION STATUS (AS ON 31.03.2011)

Particulars	Licensed Capacity	Installed Capacity	Actual Production
Fish	35 tons per day	75 tons per day	3328020 Kg.

GENERAL INFORMATION

Suppliers :

Ø Shrikrishna Ice and Storage

Ø An Trading Corporation

Ø Fair Deal Associates

Ø Freez Tech Engineering

Ø Green Roadways

Ø Kranti Industrial

Ø Leo Shipping Agency

Ø Pacific Connections

Ø Prashant Logistics

Ø Royal Container Carrier

Ø Somdatta Plastics Industries

Customers :

Ø Ravi Shrotriya – Fish

Ø Sea Wealth Frazen Food Company Limited

No. of Employees :

Not Available

Bankers :

Ø The Saraswat Co-operative Bank Limited, Panjim Branch, Panjim – 403001, Goa, India

Ø The Saraswat Co-operative Bank Limited, Malvan Branch, District Sindhudurg, Malvan - 416606, Maharashtra, India

Facilities :

Secured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)
SDCC Bank Malvan O/D	0.903	4.913
Total	0.903	4.913
Unsecured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)
Kalash Text Trading Company Private Limited	6.500	6.500
Laksha Properties Private Limited	10.000	10.000
Zimith Properties Private Limited	11.792	11.792
Shagun Mercandise Private Limited	9.800	9.800
Superline Construction Private Limited	64.200	64.200
Total	102.292	102.292

Banking Relations :	--
Auditors :
Name :	Sudhir A. Khanolkar and Company Chartered Accountants
Address :	Plot No. P/9, MIDC., Kudal, Sindhudurg – 416550, Maharashtra, India
Income-tax PAN of auditor or auditor's firm :	AAQPK7497K

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
200,000	Equity Shares	Rs. 100/- each	Rs. 20.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
100,000	Equity Shares	Rs. 100/- each	Rs. 10.000 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		10.000	10.000	10.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		17.199	17.199	17.199
4] (Accumulated Losses)		(61.833)	(70.075)	(76.931)
NETWORTH		(34.634)	(42.876)	(49.732)
LOAN FUNDS
1] Secured Loans		0.903	4.913	0.000
2] Unsecured Loans		102.292	102.292	108.292
TOTAL BORROWING		103.195	107.205	108.292
DEFERRED TAX LIABILITIES		2.331	2.054	0.000
TOTAL		70.892	66.383	58.560
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		50.427	46.842	50.106
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.025	0.025	0.025
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	4.330	5.866	4.482
	Sundry Debtors	2.700	0.134	0.781
	Cash & Bank Balances	22.018	3.209	4.895
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	11.728	26.465	15.420
Total Current Assets		40.776	35.674	25.578
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	17.574	14.810	16.308
	Other Current Liabilities	1.159	0.381	0.102
	Provisions	1.603	0.967	0.739
Total Current Liabilities		20.336	16.158	17.149
Net Current Assets		20.440	19.516	8.429
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		70.892	66.383	58.560

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	290.554	187.317	104.569
		Other Income	0.099	22.290	35.688
		TOTAL (A)	290.653	209.607	140.257
Less	EXPENSES
		Cost of Manufacturing	230.799	161.722	94.316
		Staff costs	14.279	10.080	9.840
		Administrative and Other Expenses	3.724	2.746	6.714
		Sales Expenses	24.832	18.814	13.555
		Prior Period Expenses	0.000	0.019	0.121
		TOTAL (B)	273.634	193.381	124.546
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		17.019	16.226	15.711
Less	FINANCIAL EXPENSES (D)		2.834	2.786	6.302
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		14.185	13.440	9.409
Less/ Add	DEPRECIATION/ AMORTISATION (F)		4.619	4.328	4.412
	PROFIT BEFORE TAX (E-F) (G)		9.566	9.112	4.997
Less	TAX (H)		1.324	2.256	0.000
	PROFIT AFTER TAX (G-H) (I)		8.242	6.856	4.997
	EARNINGS IN FOREIGN CURRENCY
		FOB Value of Export	278.089	169.874	97.774
	Earnings Per Share (Rs.)		82.42	68.56	49.97

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	2.84	3.27	3.56
Net Profit Margin (PBT/Sales)	(%)	3.29	4.86	4.78
Return on Total Assets (PBT/Total Assets}	(%)	10.49	11.04	6.60
Return on Investment (ROI) (PBT/Networth)		(0.28)	(0.21)	(0.10)
Debt Equity Ratio (Total Liability/Networth)		(3.57)	(2.88)	(2.52)
Current Ratio (Current Asset/Current Liability)		2.00	2.21	1.49

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	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

Note: The registered address of the company has been shifted from Amisons House Rameswaram Lane, Cochin Ernakulam - 682005 Kerala India to the present w.e.f. 04.02.2011

PROSPECTS FOR THE CURRENT YEAR

The outlook for the current year is good. The Directors have taken steps for improving the quality and decided to give emphasis on marketing and to strengthen the internal controls. In view of this, the Directors are hopeful of achieving better results for the current year. The position of the orders booked is satisfactory and the Company looks forward to the future with confidence.

FIXED ASSETS:

Ø Land and Site Development

Ø Factory Building

Ø Furniture and Fixture

Ø Plant and Machinery

Ø Computer and software

Ø Motor Lorries

Ø Motor Car

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. 52.97
UK Pound	1	Rs. 85.45
Euro	1	Rs. 69.46

INFORMATION DETAILS

Report Prepared by :

BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	2
--RESERVES	1~10	2
--CREDIT LINES	1~10	2
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		17

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

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.