MIRA INFORM REPORT

Report Date :

27.10.2012

IDENTIFICATION DETAILS

Name :	INOGENT LABORATORIES PRIVATE LIMITED
Registered Office :	Plot 28A, IDA Nacharam, Hyderabad-500076, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	01.06.2005
Com. Reg. No.:	01-046402
Capital Investment / Paid-up Capital :	Rs. Millions
CIN No.: [Company Identification No.]	U24239AP2005PTC046402
TAN No.: [Tax Deduction & Collection Account No.]	HYDI01491A
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Active Pharmaceutical Ingredients and Chemicals
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

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

Maximum Credit Limit :	USD 1100000
Status :	Satisfactory
Payment Behaviour :	Slow But Correct
Litigation :	Clear
Comments :	Subject is a part of GVK Davix Technologies Private Limited. It is well established company having satisfactory track. But these appear accumulated losses recorded by the company. However, networth appears to be good. Trade relations are reported to be fair. Business is active. Payments are slow but correct. In view of strong holding company can be considered 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

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	BBB+ (Long Term Rating)
Rating Explanation	Having moderate degree of safety regarding timely servicing of financial obligation. It carry moderate credit risk.
Date	April 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 / Factory :	Plot 28A, IDA Nacharam, Hyderabad-500076, Andhra Pradesh, India
Tel. No.:	91-40-27171822 / 27172828 / 66929999
Fax No.:	91-40-27151270 / 66929900
E-Mail :	compliances@gvkbio.com
Website :	www.gvkbio.com

DIRECTORS

AS ON 17.08.2011

Name :	Mr. Krishna Reddy Venkata Gunapati
Designation :	Chairman
Address :	H No. 6-3-250/A/1, Road No.1, Banjara Hills, Hyderabad-500034, Andhra Pradesh, Indi
Date of Birth/Age :	22.03.1937
Date of Appointment :	01.06.2005
DIN No.:	00005212

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	L55101AP1984PLC004941	NOVOPAN INDUSTRIES LIMITED	Director	31/08/1984	31/08/1984	-	Active	NO
2	U63040AP1983PTC004176	ORBIT TRAVEL AND TOURS PRIVATE LIMITED	Director	16/06/1986	16/06/1986	-	Active	NO
3	U11100AP1982PTC003610	CASUARINA CAPITAL AND FINANCE PRIVATE LIMITED	Director	08/12/1989	08/12/1989	-	Active	NO
4	U74999AP1992PLC014388	GVK INDUSTRIES LIMITED	Director	18/06/1992	18/06/1992	-	Active	NO
5	U40109AP1994PTC018054	GVK POWER (KRISHNAPATNAM) PRIVATE LIMITED	Director	04/08/1994	04/08/1994	16/05/2006	Under Process of Striking off	NO
6	L40109AP1995PLC019349	TAJ GVK HOTELS AND RESORTS LIMITED	Whole-time director	25/04/2010	02/02/1995	-	Active	NO
7	U67120AP1995PLC020293	PINAKINI SHARE AND STOCK BROKERS LIMITED	Director	27/05/1995	27/05/1995	-	Active	NO
8	U65993AP1993PTC016325	CASPIAN CAPITAL AND FINANCE PRIVATE LIMITED	Director	22/04/1996	22/04/1996	-	Active	NO
9	U26940AP1996PTC025900	GVK CEMENTS PRIVATE LIMITED	Director	06/12/1996	06/12/1996	16/05/2006	Under Process of Striking off	NO
10	U40101AP1997PTC026962	GVK POWER (RATLAM) PRIVATE LIMITED	Director	25/04/1997	25/04/1997	16/05/2006	Under Process of Striking off	NO
11	U40109AP1997PLC028483	GVK POWER (GOINDWAL SAHIB) LIMITED	Director	26/07/2008	04/12/1997	-	Active	NO
12	U72200AP2000PTC033233	GVK PROPERTIES AND MANAGEMENT COMPANY PRIVATE LIMITED	Director	05/01/2000	05/01/2000	-	Active	NO
13	U55101AP1973PTC001614	PAIGAH HOUSE HOTELS PRIVATE LIMITED	Director	28/08/2000	28/08/2000	-	Active	NO
14	U72900AP2001PTC036018	GVK CITY PRIVATE LIMITED	Director	09/01/2001	09/01/2001	-	Active	NO
15	U45203AP2002PTC063406	GVK JAIPUR EXPRESSWAY PRIVATE LIMITED	Director	01/04/2002	01/04/2002	-	Active	NO
16	U74999AP2000PTC035826	GVK BIOSCIENCES PRIVATE LIMITED	Director	07/06/2002	07/06/2002	-	Active	NO
17	U67120AP2002PTC075153	VERTEX INFRATECH PRIVATE LIMITED	Director	26/06/2002	26/06/2002	-	Active	NO
18	U40102AP1996PLC024970	GVK GAUTAMI POWER LIMITED	Director	07/07/2003	07/07/2003	-	Active	NO
19	U65993AP2003PTC040742	ZINGER INVESTMENTS PRIVATE LIMITED	Director	05/09/2003	05/09/2003	-	Active	NO
20	U74140AP2003PTC042307	GVK TECHNICAL AND CONSULTANCY SERVICES PRIVATE LIMITED	Director	24/12/2003	24/12/2003	16/05/2006	Active	NO
21	U72200AP2005PTC045481	GVK DAVIX TECHNOLOGIES PRIVATE LIMITED	Director	25/02/2005	25/02/2005	-	Active	NO
22	L74999AP2005PLC059013	GVK POWER AND INFRASTRUCTURE LIMITED	Managing director	14/10/2008	20/04/2005	-	Active	NO
23	U24239AP2005PTC046402	INOGENT LABORATORIES PRIVATE LIMITED	Director	01/06/2005	01/06/2005	-	Active	NO
24	U62200AP2005PTC046505	GVK AIRPORT HOLDINGS PRIVATE LIMITED	Director	10/06/2005	10/06/2005	-	Active	NO
25	U62200AP2005PTC046510	GVK AIRPORT DEVELOPERS PRIVATE LIMITED	Director	10/06/2005	10/06/2005	20/08/2012	Active	NO
26	U31200AP2005PTC046572	GVK HYDEL PRIVATE LIMITED	Director	17/06/2005	17/06/2005	-	Active	NO
27	U10101AP2005PTC047275	GVK COAL (TOKISUD) COMPANY PRIVATE LIMITED	Director	29/08/2005	29/08/2005	11/02/2008	Active	NO
28	U40100AP1996PLC074796	ALAKNANDA HYDRO POWER COMPANY LIMITED	Director	13/11/2005	13/11/2005	-	Active	NO
29	U55101AP2006PTC048766	GREENRIDGE HOTELS AND RESORTS PRIVATE LIMITED	Director	13/01/2006	13/01/2006	01/12/2008	Active	NO
30	U45203AP2004PTC081081	GVK ENERGY VENTURES PRIVATE LIMITED	Director	28/09/2006	01/04/2006	-	Active	NO
31	U45200MH2006PTC160164	MUMBAI INTERNATIONAL AIRPORT PRIVATE LIMITED	Director	19/04/2006	19/04/2006	-	Active	NO
32	U45201AP2006PLC063916	VERTEX PROJECTS LIMITED	Director	24/04/2006	24/04/2006	15/03/2008	Active	NO
33	U40101AP2006PTC073854	GORIGANGA HYDRO POWER PRIVATE LIMITED	Director	25/05/2006	25/05/2006	11/02/2008	Active	NO
34	U40109AP2003PTC040724	GVK ENERGY HOLDINGS PRIVATE LIMITED	Director	30/09/2006	30/09/2006	-	Active	NO
35	U45200JH2003PTC010324	VERTEX INFRASTRUCTURE PRIVATE LIMITED	Director	01/11/2006	01/11/2006	-	Strike off	NO
36	U74140DL2004PTC126850	BOWSTRING PROJECTS AND INVESTMENTS PRIVATE LIMITED	Director	15/11/2006	15/11/2006	-	Amalgamated	NO
37	U45201AP2004PTC074228	METRO ARCHITECTS AND CONTRACTORS PRIVATE LIMITED	Director	15/11/2006	15/11/2006	-	Active	NO
38	U01122DL2005PTC141746	GREEN GARDEN HORTICULTURE PRIVATE LIMITED	Director	15/11/2006	15/11/2006	-	Amalgamated	NO
39	U45200AP2006PTC051693	BANGALORE AIRPORT AND INFRASTRUCTURE DEVELOPERS PRIVATE LIMITED	Director	16/11/2006	16/11/2006	-	Active	NO
40	U70102AP2006PTC051851	KRGV LAND HOLDINGS PRIVATE LIMITED	Director	30/11/2006	30/11/2006	-	Strike off	NO
41	U70102AP2006PTC051853	IKR LAND HOLDINGS PRIVATE LIMITED	Director	30/11/2006	30/11/2006	-	Strike off	NO
42	U45209DL2006PTC156157	GVK PERAMBALUR SEZ PRIVATE LIMITED	Director	04/12/2006	04/12/2006	-	Active	NO
43	U45200MH2007PTC168807	MUMBAI AIRPORT HABITATION PRIVATE LIMITED	Director	15/03/2007	15/03/2007	-	Active	NO
44	U93090AP2007PTC063414	GVK AVIATION PRIVATE LIMITED	Additional director	29/11/2008	21/03/2007	-	Amalgamated	NO
45	U45200MH2007PTC169174	NAVI MUMBAI AIRPORT DEVELOPERS PRIVATE LIMITED	Director	26/03/2007	26/03/2007	-	Active	NO
46	U45400AP2007PTC054816	GVK VIRUDHUNAGAR SEZ PRIVATE LIMITED	Director	17/07/2007	17/07/2007	-	Active	NO
47	U40103AP2007PTC055021	GAUTAMI POWER (SAMALKOT) PRIVATE LIMITED	Director	04/08/2007	04/08/2007	-	Amalgamated	NO
48	U40105AP2008PLC057645	GVK OIL AND GAS LIMITED	Director	18/02/2008	18/02/2008	-	Active	NO
49	U40102AP2008PLC058683	GVK ENERGY LIMITED	Director	15/04/2008	15/04/2008	-	Active	NO
50	U62200MH2008PTC186673	MUMBAI AEROTROPOLIS PRIVATE LIMITED	Director	11/09/2008	11/09/2008	-	Active	NO
51	U45203KA2001PLC028418	BANGALORE INTERNATIONAL AIRPORT LIMITED	Director	16/07/2010	19/01/2010	-	Active	NO
52	U63000MH2010PTC200463	MUMBAI AVIATION FUEL FARM FACILITY PRIVATE LIMITED	Director	26/02/2010	26/02/2010	-	Active	NO
53	U45206AP2006PLC063563	GVK PROJECTS AND TECHNICAL SERVICES LIMITED	Director	30/09/2010	24/03/2010	-	Active	NO
54	U14200AP2011PTC072654	GVK NATURAL RESOURCES PRIVATE LIMITED	Director	19/07/2011	21/03/2011	-	Active	NO
55	U85100AP2011NPL075243	GVK EMERGENCY MANAGEMENT AND RESEARCH INSTITUTE	Director	28/06/2011	28/06/2011	-	Active	NO
56	U85100AP2011PTC077389	GVK EMRI (UP) PRIVATE LIMITED	Director	11/11/2011	11/11/2011	-	Active	NO
57	U74120MH2012PTC230601	MUMBAI AIRPORT MEET AND ASSIST SERVICES PRIVATE LIMITED	Director	03/05/2012	03/05/2012	-	Active	NO
58	U74120MH2012PTC230869	MUMBAI AIRPORT SAHAR CARGO TERMINAL PRIVATE LIMITED	Director	10/05/2012	10/05/2012	-	Active	NO
59	U74999MH2012PTC230925	MUMBAI AIRPORT SAHAR CAR PARKING SERVICES PRIVATE LIMITED	Director	11/05/2012	11/05/2012	-	Active	NO
60	U74120MH2012PTC232573	Mumbai Airport Support Services Private Limited	Director	25/06/2012	25/06/2012	-	Active	NO
61	U45400AP2012PTC083433	BLUE STREAK CONSTRUCTION PRIVATE LIMITED	Director	05/10/2012	05/10/2012	-	Active	NO
62	U45400AP2012PTC083435	ROCKLINE TECHNICAL SERVICES PRIVATE LIMITED	Director	05/10/2012	05/10/2012	06/10/2012	Active	NO
63	U45400AP2012PTC083434	NOVA RAISORS PRIVATE LIMITED	Director	05/10/2012	05/10/2012	06/10/2012	Active	NO

Name :	Mr. Davinder Singh Brar
Designation :	Director
Address :	Greenfields Farm, Gadaipur-Jaunapur Road, Village-Jaunapur, Tehsil-Mehrauli, New Delhi-110030, India
Date of Birth/Age :	21.08.1952
Date of Appointment :	30.09.2005
DIN No.:	00068502

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	U74899DL1991PTC046085	SURAJ HOTELS PRIVATE LIMITED	Director	31/03/1994	31/03/1994	-	Active	NO
2	U74899DL1991PTC046086	SURAJ OVERSEAS PRIVATE LIMITED	Director	22/01/1996	22/01/1996	-	Active	NO
3	U74899DL1991PTC045031	MADHUBANI INVESTMENTS PRIVATE LIMITED	Director	24/01/1996	24/01/1996	-	Active	NO
4	U74899DL1989PTC036489	GREEN VALLY LAND AND DEVELOPMENT PRIVATE LIMITED	Director	18/12/1997	18/12/1997	-	Active	NO
5	U74140DL2004PTC124406	DAVIX MANAGAEMENT SERVICES PRIVATE LIMITED	Director	03/02/2004	03/02/2004	-	Active	NO
6	U74999AP2000PTC035826	GVK BIOSCIENCES PRIVATE LIMITED	Director	26/07/2004	26/07/2004	-	Active	NO
7	U72200AP2005PTC045481	GVK DAVIX TECHNOLOGIES PRIVATE LIMITED	Director	25/02/2005	25/02/2005	-	Active	NO
8	U24239AP2005PTC046402	INOGENT LABORATORIES PRIVATE LIMITED	Director	30/09/2005	30/09/2005	-	Active	NO
9	U73100AP2006PTC049287	GVK DAVIX RESEARCH PRIVATE LIMITED	Director	24/02/2006	24/02/2006	-	Active	NO
10	L30007KA1992PLC025294	MPHASIS LIMITED	Director	08/04/2006	08/04/2006	-	Active	NO
11	U73100AP2007PTC054070	INC RESEARCH CDS SERVICES PRIVATE LIMITED	Director	21/05/2007	21/05/2007	05/01/2012	Active	NO
12	L34103DL1981PLC011375	MARUTI SUZUKI INDIA LIMITED	Director	27/06/2007	27/06/2007	-	Active	NO
13	U24233DL2007PTC169417	DAVIX PHARMACEUTICALS PRIVATE LIMITED	Director	15/10/2007	15/10/2007	-	Active	NO
14	U85191MH2011PTC223090	GXP PHARMACEUTICALS PRIVATE LIMITED	Additional director	30/03/2012	30/03/2012	-	Active	NO
15	L24230MH1999PLC120720	WOCKHARDT LIMITED	Director	13/09/2012	06/08/2012	-	Active	NO

Name :	Mr. Sanjay Reddy Venkata Gunapati
Designation :	Director
Address :	H No. 6-3-250/A/1, Road No.1, Banjara Hills, Hyderabad-500034, Andhra Pradesh, Indi
Date of Birth/Age :	18.11.1964
Date of Appointment :	01.06.2005
DIN No.:	00005282

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	L55101AP1984PLC004941	NOVOPAN INDUSTRIES LIMITED	Director	01/09/1984	01/09/1984	27/01/2010	Active	NO
2	U45200AP1988PTC008666	VULCON CONSTRUCTIONS PRIVATE LIMITED	Director	23/05/1988	23/05/1988	-	Active	NO
3	U63040AP1983PTC004176	ORBIT TRAVEL AND TOURS PRIVATE LIMITED	Director	09/02/1989	09/02/1989	-	Active	NO
4	U11100AP1982PTC003610	CASUARINA CAPITAL AND FINANCE PRIVATE LIMITED	Director	03/02/1990	03/02/1990	-	Active	NO
5	U74999AP1992PLC014388	GVK INDUSTRIES LIMITED	Director	18/06/1992	18/06/1992	-	Active	NO
6	U70102AP1989PTC010164	DELTA LAND HOLDINGS PRIVATE LIMITED	Director	06/11/1992	06/11/1992	-	Active	NO
7	U45200AP1989PTC010144	RAGHAVENDRA LAND HOLDINGS PRIVATE LIMITED	Director	30/12/1992	30/12/1992	-	Active	NO
8	U70102AP1989PTC010159	PINNACLE LAND HOLDINGS PRIVATE LIMITED	Director	30/12/1992	30/12/1992	-	Active	NO
9	U70102AP1989PTC010172	MARRIOT LAND HOLDINGS PRIVATE LIMITED	Director	30/12/1992	30/12/1992	-	Active	NO
10	U45200AP1989PTC010136	BONANZA REAL ESTATES PRIVATE LIMITED	Director	30/12/1992	30/12/1992	-	Active	NO
11	U70102AP1989PTC010165	ALLIED ESTATES PRIVATE LIMITED	Director	30/12/1992	30/12/1992	-	Active	NO
12	U63040AP1980PTC002804	PARTHASARATHI AIR CONDITIONED TOURISTS PRIVATE LIMITED	Director	30/12/1992	30/12/1992	-	Active	NO
13	U45200AP1993PTC015682	SUN SHINE PROPERTIES PRIVATE LIMITED	Director	23/04/1993	23/04/1993	-	Strike off	NO
14	U40109AP1994PTC018054	GVK POWER (KRISHNAPATNAM) PRIVATE LIMITED	Director	04/08/1994	04/08/1994	-	Under Process of Striking off	NO
15	L40109AP1995PLC019349	TAJ GVK HOTELS AND RESORTS LIMITED	Director	02/02/1995	02/02/1995	-	Active	NO
16	U55101AP1973PTC001614	PAIGAH HOUSE HOTELS PRIVATE LIMITED	Director	10/08/1995	10/08/1995	-	Active	NO
17	U65993AP1993PTC016325	CASPIAN CAPITAL AND FINANCE PRIVATE LIMITED	Director	01/03/1996	01/03/1996	-	Active	NO
18	U26940AP1996PTC025900	GVK CEMENTS PRIVATE LIMITED	Director	06/12/1996	06/12/1996	11/02/2008	Under Process of Striking off	NO
19	U40101AP1997PTC026962	GVK POWER (RATLAM) PRIVATE LIMITED	Director	25/04/1997	25/04/1997	-	Under Process of Striking off	NO
20	U40109AP1997PLC028483	GVK POWER (GOINDWAL SAHIB) LIMITED	Director	04/12/1997	04/12/1997	-	Active	NO
21	U72200AP2000PTC033233	GVK PROPERTIES AND MANAGEMENT COMPANY PRIVATE LIMITED	Director	05/01/2000	05/01/2000	26/07/2008	Active	NO
22	U70102AP1989PTC010113	PACE ESTATE PRIVATE LIMITED	Director	26/08/2000	26/08/2000	-	Active	NO
23	U65993AP1989PTC010156	EAGLE LAND HOLDINGS PRIVATE LIMITED	Director	26/08/2000	26/08/2000	-	Active	NO
24	U70102AP1989PTC010171	ANCHOR ESTATES PRIVATE LIMITED	Director	26/08/2000	26/08/2000	-	Active	NO
25	U45100AP1988PTC008668	ACCURA CONSTRUCIONS PRIVATE LIMITED	Director	26/08/2000	26/08/2000	-	Active	NO
26	U65993AP1988PTC008669	PACE CONSTRUCTIONS PRIVATE LIMITED	Director	26/08/2000	26/08/2000	-	Active	NO
27	U65993AP1988PTC008667	AMTRAN CONSTRUCTIONS PRIVATE LIMITED	Director	28/08/2000	28/08/2000	-	Active	NO
28	U45201AP1989PTC010132	OXFORD LAND HOLDING PRIVATE LIMITED	Director	30/08/2000	30/08/2000	-	Active	NO
29	U45200AP1989PTC010081	ROCKTOWN ESTATES PRIVATE LIMITED	Director	30/08/2000	30/08/2000	-	Active	NO
30	U45200AP1989PTC010107	FAIR VALUE LAND HOLDINGS PRIVATE LIMITED	Director	31/08/2000	31/08/2000	-	Active	NO
31	U45200AP1989PTC010143	CONSOLIDATED REAL ESTATES PVT. LTD.	Director	31/08/2000	31/08/2000	-	Active	NO
32	U74999AP2000PTC035826	GVK BIOSCIENCES PRIVATE LIMITED	Director	08/04/2010	07/12/2000	-	Active	NO
33	U72900AP2001PTC036018	GVK CITY PRIVATE LIMITED	Director	09/01/2001	09/01/2001	26/07/2008	Active	NO
34	U91990AP2001PTC036666	GREEN WOODS PALACES AND RESORTS PRIVATE LIMITED	Director	04/05/2001	04/05/2001	06/04/2010	Active	NO
35	U40109AP2001PTC038277	GVK POWER (JEGURUPADU) PRIVATE LIMITED	Director	27/12/2001	27/12/2001	-	Amalgamated	NO
36	U45203AP2002PTC063406	GVK JAIPUR EXPRESSWAY PRIVATE LIMITED	Director	01/04/2002	01/04/2002	-	Active	NO
37	U67120AP2002PTC075153	VERTEX INFRATECH PRIVATE LIMITED	Director	25/06/2002	25/06/2002	-	Active	NO
38	U40101HP2002PTC025234	DHAULASIDH POWER PRIVATE LIMITED	Director	01/07/2002	01/07/2002	-	Active	NO
39	U40109AP2003PTC040724	GVK ENERGY HOLDINGS PRIVATE LIMITED	Director	27/03/2003	27/03/2003	-	Active	NO
40	U40102AP1996PLC024970	GVK GAUTAMI POWER LIMITED	Director	01/07/2007	07/07/2003	-	Active	NO
41	U65993AP2003PTC040742	ZINGER INVESTMENTS PRIVATE LIMITED	Director	05/09/2003	05/09/2003	-	Active	NO
42	U74140AP2003PTC042307	GVK TECHNICAL AND CONSULTANCY SERVICES PRIVATE LIMITED	Director	24/12/2003	24/12/2003	30/06/2012	Active	NO
43	U67120AP1995PLC020293	PINAKINI SHARE AND STOCK BROKERS LIMITED	Director	01/06/2004	01/06/2004	-	Active	NO
44	U72200AP2005PTC045481	GVK DAVIX TECHNOLOGIES PRIVATE LIMITED	Director	25/02/2005	25/02/2005	-	Active	NO
45	L74999AP2005PLC059013	GVK POWER AND INFRASTRUCTURE LIMITED	Director	20/04/2005	20/04/2005	-	Active	NO
46	U24239AP2005PTC046402	INOGENT LABORATORIES PRIVATE LIMITED	Director	01/06/2005	01/06/2005	-	Active	NO
47	U45201KA2005PTC036498	GENESIS REALTORS PRIVATE LIMITED	Director	08/06/2005	08/06/2005	24/09/2012	Active	NO
48	U62200AP2005PTC046505	GVK AIRPORT HOLDINGS PRIVATE LIMITED	Director	10/06/2005	10/06/2005	-	Active	NO
49	U62200AP2005PTC046510	GVK AIRPORT DEVELOPERS PRIVATE LIMITED	Director	10/06/2005	10/06/2005	20/08/2012	Active	NO
50	U31200AP2005PTC046572	GVK HYDEL PRIVATE LIMITED	Director	17/06/2005	17/06/2005	-	Active	NO
51	U10101AP2005PTC047275	GVK COAL (TOKISUD) COMPANY PRIVATE LIMITED	Director	29/08/2005	29/08/2005	11/02/2008	Active	NO
52	U40100AP1996PLC074796	ALAKNANDA HYDRO POWER COMPANY LIMITED	Director	13/11/2005	13/11/2005	-	Active	NO
53	U55101AP2006PTC048766	GREENRIDGE HOTELS AND RESORTS PRIVATE LIMITED	Director	13/01/2006	13/01/2006	01/12/2008	Active	NO
54	U73100AP2006PTC049287	GVK DAVIX RESEARCH PRIVATE LIMITED	Director	24/02/2006	24/02/2006	-	Active	NO
55	U45203AP2004PTC081081	GVK ENERGY VENTURES PRIVATE LIMITED	Director	28/09/2006	01/04/2006	-	Active	NO
56	U45200MH2006PTC160164	MUMBAI INTERNATIONAL AIRPORT PRIVATE LIMITED	Managing director	19/04/2006	19/04/2006	-	Active	NO
57	U45201AP2006PLC063916	VERTEX PROJECTS LIMITED	Director	24/04/2006	24/04/2006	15/03/2008	Active	NO
58	U40101AP2006PTC073854	GORIGANGA HYDRO POWER PRIVATE LIMITED	Director	25/05/2006	25/05/2006	11/02/2008	Active	NO
59	U45200JH2003PTC010324	VERTEX INFRASTRUCTURE PRIVATE LIMITED	Director	01/11/2006	01/11/2006	-	Strike off	NO
60	U45201AP2004PTC074228	METRO ARCHITECTS AND CONTRACTORS PRIVATE LIMITED	Director	15/11/2006	15/11/2006	-	Active	NO
61	U74140DL2004PTC126850	BOWSTRING PROJECTS AND INVESTMENTS PRIVATE LIMITED	Director	15/11/2006	15/11/2006	-	Amalgamated	NO
62	U45200AP2006PTC051693	BANGALORE AIRPORT AND INFRASTRUCTURE DEVELOPERS PRIVATE LIMITED	Director	16/11/2006	16/11/2006	-	Active	NO
63	U70102AP2006PTC051892	PLATEAU LAND HOLDINGS PRIVATE LIMITED	Director	04/12/2006	04/12/2006	-	Strike off	NO
64	U65999AP2006PTC051878	GSR LAND HOLDINGS PRIVATE LIMITED	Director	04/12/2006	04/12/2006	-	Strike off	NO
65	U45209DL2006PTC156157	GVK PERAMBALUR SEZ PRIVATE LIMITED	Director	05/12/2006	05/12/2006	-	Active	NO
66	U70102AP2006PTC051905	SBSR LAND HOLDINGS PRIVATE LIMITED	Director	05/12/2006	05/12/2006	-	Strike off	NO
67	U45200MH2007PTC168807	MUMBAI AIRPORT HABITATION PRIVATE LIMITED	Director	15/03/2007	15/03/2007	-	Active	NO
68	U45200MH2007PTC169174	NAVI MUMBAI AIRPORT DEVELOPERS PRIVATE LIMITED	Director	26/03/2007	26/03/2007	-	Active	NO
69	U70102AP1989PTC010162	MALLIKARJUNA ESTATES PRIVATE LIMITED	Director	31/03/2007	31/03/2007	-	Active	NO
70	U73100AP2007PTC054070	INC RESEARCH CDS SERVICES PRIVATE LIMITED	Director	21/05/2007	21/05/2007	05/01/2012	Active	NO
71	U45400AP2007PTC054816	GVK VIRUDHUNAGAR SEZ PRIVATE LIMITED	Director	17/07/2007	17/07/2007	-	Active	NO
72	U40103AP2007PTC055021	GAUTAMI POWER (SAMALKOT) PRIVATE LIMITED	Director	04/08/2007	04/08/2007	-	Amalgamated	NO
73	U74140DL2006PTC156789	GVK DEVELOPMENTAL PROJECTS PRIVATE LIMITED	Director	23/07/2010	01/02/2008	-	Active	NO
74	U40105AP2008PLC057645	GVK OIL AND GAS LIMITED	Director	18/02/2008	18/02/2008	-	Active	NO
75	U62200MH2008PTC186673	MUMBAI AEROTROPOLIS PRIVATE LIMITED	Director	11/09/2008	11/09/2008	-	Active	NO
76	U70102AP2006PTC052169	APPEASE ESTATES PRIVATE LIMITED	Director	30/06/2009	30/06/2009	-	Active	NO
77	U70102AP2006PTC052168	REGULUS ESTATES PRIVATE LIMITED	Director	30/06/2009	30/06/2009	-	Active	NO
78	U45203KA2001PLC028418	BANGALORE INTERNATIONAL AIRPORT LIMITED	Managing director	09/04/2010	19/01/2010	-	Active	NO
79	U63000MH2010PTC200463	MUMBAI AVIATION FUEL FARM FACILITY PRIVATE LIMITED	Director	26/02/2010	26/02/2010	-	Active	NO
80	U40102AP2008PLC058683	GVK ENERGY LIMITED	Director	01/08/2011	30/07/2010	-	Active	NO
81	U14200AP2011PTC072654	GVK NATURAL RESOURCES PRIVATE LIMITED	Director	17/02/2011	17/02/2011	-	Active	NO
82	U85100AP2011NPL075243	GVK EMERGENCY MANAGEMENT AND RESEARCH INSTITUTE	Director	28/06/2011	28/06/2011	-	Active	NO
83	U74120MH2012PTC230601	MUMBAI AIRPORT MEET AND ASSIST SERVICES PRIVATE LIMITED	Director	03/05/2012	03/05/2012	-	Active	NO
84	U74120MH2012PTC230869	MUMBAI AIRPORT SAHAR CARGO TERMINAL PRIVATE LIMITED	Director	10/05/2012	10/05/2012	-	Active	NO
85	U74999MH2012PTC230925	MUMBAI AIRPORT SAHAR CAR PARKING SERVICES PRIVATE LIMITED	Director	11/05/2012	11/05/2012	-	Active	NO
86	U74120MH2012PTC232573	MUMBAI AIRPORT SUPPORT SERVICES PRIVATE LIMITED	Director	25/06/2012	25/06/2012	-	Active	NO
87	U85100AP2011PTC077389	GVK EMRI (UP) PRIVATE LIMITED	Director	27/09/2012	27/09/2012	-	Active	NO
88	U45400AP2012PTC083435	ROCKLINE TECHNICAL SERVICES PRIVATE LIMITED	Director	05/10/2012	05/10/2012	-	Active	NO
89	U45400AP2012PTC083433	BLUE STREAK CONSTRUCTION PRIVATE LIMITED	Director	05/10/2012	05/10/2012	-	Active	NO
90	U45400AP2012PTC083434	NOVA RAISORS PRIVATE LIMITED	Director	05/10/2012	05/10/2012	06/10/2012	Active	NO
91	U74140AP2012PTC083622	NOVA TECHNICAL AND CONSULTANCY SERVICES PRIVATE LIMITED	Director	15/10/2012	15/10/2012	-	Active	NO

Name :	Mr. Shernaz Firoze Vakil
Designation :	Director
Address :	67 E/F, Shamiana 301, Walkeswar Road, Mumbai-400006, Maharashtra, India
Date of Birth/Age :	16.06.1951
Date of Appointment :	24.11.2005
DIN No.:	00002519

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	L65990MH1977PLC019985	ROSE INVESTMENTS LIMITED	Director	18/05/1978	18/05/1978	Active	NO
2	L24100MH1960PLC011681	DAI-ICHI KARKARIA LIMITED	Managing director	26/02/1979	26/02/1979	Active	NO
3	U24110MH1984PTC032306	NETWORK CHEMICALS PRIVATE LIMITED	Director	29/02/1984	29/02/1984	Active	NO
4	U65900MH1986PTC040650	UNITEL FINANCE AND INVESTMENTS PRIVATE LIMITED	Director	19/08/1986	19/08/1986	Active	NO
5	U24300MH1989PLC052085	INDIAN OXIDES AND CHEMICALS LIMITED	Director	07/06/1989	07/06/1989	Active	NO
6	U24110MH1990PLC055089	CHAMPION DAI-ICHI TECHNOLOGIES INDIA LIMITED	Director	17/01/1990	17/01/1990	Active	NO
7	U24110MH1990PTC056807	PERFORMANCE POLYMERS AND CHEMICALS PRIVATE LIMITED	Director	11/06/1990	11/06/1990	Active	NO
8	U24100MH1991PLC059922	DAI-ICHI GOSEICHEMICALS (INDIA) LIMITED	Director	22/01/1991	22/01/1991	Active	NO
9	U24239AP2005PTC046402	INOGENT LABORATORIES PRIVATE LIMITED	Director	24/11/2005	24/11/2005	Active	NO
10	U99999MH1961PTC012216	CHEMICALS AND FERRO ALLOYS PRIVATE LIMITED	Director	29/09/2006	09/08/2006	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 17.08.2011

Names of Equity Shareholders	No. of Shares
GVK Davix Technologies Private Limited, India	6630000
GVK Biosciences Private Limited, India	3770000
Dai-Ichi Karkaria Limited, India	2600000
TOTAL	13000000

Names of Preference Shareholders	No. of Shares
GVK Davix Technologies Private Limited, India	1085000
GVK Biosciences Private Limited, India	1415000
TOTAL	2500000

AS ON 17.08.2011

Equity Shares Break Up	Percentage of Holding
Bodies corporate	100.00
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Active Pharmaceutical Ingredients and Chemicals

PRODUCTION STATUS (AS ON : 31.03.2011)

Particulars	Unit	Installed Capacity	Actual Production
Active Pharmaceutical Ingredients and Intermediated	Kilo Ltrs	100	117393.37

NOTES

i) The products of the company are exempt from licensing procedures.

ii) Installed capacity, being a technical matter has not been verified by the auditors. However, the management has certified the same.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Canara Bank, Prime Corporate Branch, TSR Complex, SD Road, Secunderabad-500003, Andhra Pradesh, India

Facilities :

Secured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Rupee term loans secured
Rupee term loans banks secured	421.392	343.014
Working capital loans secured
Working capital loans banks secured	163.885	120.275
TOTAL	585.277	463.289
Unsecured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Deposits related parties unsecured	50.000	0.000
TOTAL	50.000	0.000

Banking Relations :	--
Auditors :
Name :	Brahmayya and Company Chartered Accountant
Address :	#403 and 404, Golden Green Apartments, Ittum Manzil Colony, Hyderabad-500082, Maharashtra, India
PAN No.:	AADFB8032G
Holding Company :	GVK Davix Technologies Private Limited CIN No.: - U72200AP2005PTC045481
Fellow Subsidiaries :	GVK Bio Sciences Private Limited
Other Related Parties :	Dai-Ichi Karkaria Limited

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
20000000	Equity Shares	Rs.10/- each	Rs. 200.000 Millions
2500000	8% Cumulative Convertible Redeemable Preference Shares	Rs.100/- each	Rs. 250.000 Millions
	TOTAL		Rs. 450.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
13000000	Equity Shares	Rs.10/- each	Rs. 130.000 Millions
2500000	8% Cumulative Convertible Redeemable Preference Shares	Rs.100/- each	Rs. 250.000 Millions
	TOTAL		Rs. 380.000 Millions

NOTE

6630000 Equity Shares and 1085000 Preference Shares are held by GVK Davix Technologies Private Limited, Holding Company

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		380.000	323.000	130.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		70.000	70.000	70.000
4] (Accumulated Losses)		(150.675)	(86.402)	(40.316)
NETWORTH		299.325	306.598	159.684
LOAN FUNDS
1] Secured Loans		585.277	463.289	388.735
2] Unsecured Loans		50.000	0.000	0.000
TOTAL BORROWING		635.277	463.289	388.735
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		934.602	769.887	548.419
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		649.456	637.132	551.081
Capital work-in-progress		268.786	145.399	52.796
INVESTMENT		0.514	0.514	0.514
DEFERREX TAX ASSETS		50.738	23.092	9.301
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	93.710	96.320	82.800
	Sundry Debtors	202.611	139.661	147.255
	Cash & Bank Balances	2.431	6.210	21.670
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	65.962	53.569	40.402
Total Current Assets		364.714	295.760	292.127
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	188.423	124.820	100.174
	Other Current Liabilities	209.338	206.403	255.588
	Provisions	2.268	1.718	3.078
Total Current Liabilities		400.029	332.941	358.840
Net Current Assets		(35.315)	(37.181)	(66.713)
MISCELLANEOUS EXPENSES		0.423	0.931	1.440
TOTAL		934.602	769.887	548.419

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	634.393	601.588	653.185
		Other Income		12.329	13.921
		TOTAL (A)	634.393	613.917	667.106
Less	EXPENSES
		Consumption of Material	638.559	315.865	296.547
		Employee Cost		131.786	115.869
		Manufacturing, Selling and Administration Expenses		173.596	178.853
		(Increase) / Decrease in Stock		(20.202)	(6.690)
		TOTAL (B)	638.559	601.045	584.579
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(4.166)	12.872	82.527
Less	FINANCIAL EXPENSES (D)		44.730	35.736	38.256
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(48.896)	(22.864)	44.271
Less/ Add	DEPRECIATION/ AMORTISATION (F)		42.822	37.013	30.467
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		(91.718)	(59.877)	13.804
Less	TAX (H)		(27.445)	(13.791)	13.087
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		(64.273)	(46.086)	0.717
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(86.402)	(40.316)	(41.033)
	BALANCE CARRIED TO THE B/S		(150.675)	(86.402)	(40.316)
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	488.768	445.776	554.878
	TOTAL EARNINGS		488.768	445.776	554.878
	IMPORTS
		Raw Materials	103.675	78.081	78.783
		Capital Goods	0.300	25.333	7.266
	TOTAL IMPORTS		103.975	103.414	86.049
	Earnings Per Share (Rs.)		(4.95)	(3.55)	0.06

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	(10.13)	(7.51)	0.11
Net Profit Margin (PBT/Sales)	(%)	NA	(9.95)	2.11
Return on Total Assets (PBT/Total Assets}	(%)	(8.61)	(6.26)	1.62
Return on Investment (ROI) (PBT/Networth)		(0.31)	(0.20)	0.09
Debt Equity Ratio (Total Liability/Networth)		3.46	2.60	4.68
Current Ratio (Current Asset/Current Liability)		0.91	0.89	0.81

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	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
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	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	Yes

NOTE

Registered office has been shifted from 210, My Home Tycoon, 6/3/1192, Kundan Bagh, Begumpet, Hyderabad-500016, Andhra Pradesh, India to the present address w.e.f. 04.11.2009.

PERFORMANCE

During the year, the Company achieved a turnover of Rs. 634.393 Millions, showing a growth of 3% over the previous year. Net loss was at Rs. 64.273 Millions as against a loss of Rs. 46.086 Millions incurred during previous year. The increase in losses is due to change in sales mix of the business and higher material costs. The company has continued to invest in people, processes and infrastructure which are expected to improve profitability in the coming year.

CONTINGENT LIABILITIES NOT PROVIDED FOR

(Rs. In Millions)

Particulars	31.03.2011	31.03.2010
a) Bank Guarantees	0.625	4.625
b) Commitment on capital account	10.005	116.008
c) Disputed demands of Income-tax	1.197	0.000

FORM 8

Corporate identity number of the company	U24239AP2005PTC046402
Name of the company	INOGENT LABORATORIES PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	Plot 28A, IDA Nacharam, Hyderabad-500076, Andhra Pradesh, India
This form is for	Modification of charge
Charge identification number of the charge to be modified	10208872
Type of charge	· Book debts · Movable property (not being pledge) · Others
Particular of charge holder	Canara Bank, Prime Corporate Branch, TSR Complex, SD Road, Secunderabad-500003, Andhra Pradesh, India
Nature of instrument creating charge	Corporate Guarantee dated 29th June 2012
Date of instrument Creating the charge	26.06.2012
Amount secured by the charge	Rs. 200.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest OCC/ODBD: Base Rate+4.50%p.a. (Floating), Presently 14.00% p.a. Term Loan: BPLR (Floating), Presently 13.75% p.a. ILC/FLC (DA/DP): Not Applicable, Non Fund Based Limits. Terms of repayment Working Capital Limits tenable till 28.12.2011. Term Loan : repayment as per the Common Hypothecation Agreement dated 03.03.2010 Margin Stocks-25%; Book Debts-40%; PC/PCFC-10%; ILC/FLC-5% Extent and operation of the charge Working Capital: Pari-Passu I charge along with YES Bank Limited on Inventories and Receivables valued Rs.240.000 Millions as per Stock Statement Dt. 30.09.10 (CURRENT ASSETS) and Pari-Passu II charge along with YES Bank Limited on entire Fixed Assets Present and Future having WDV of Rs. 727.100 Millions (excluding Intangibles) as per ABS as at 31.03.10 including capital work in progress (FAs) Term Loan: Pari-Passu I charge on FAs and Pari-Passu II charge on CURRENT ASSETS along with YES Bank Limited.
Short particulars of the property charged (Including location of the property)	Inventory, Receivables, Fixed Assets located at Plot 28A, IDA Nacharam, Hyderabad
Date of instrument modifying the charge	02.09.2011
Particulars of the present modification	By this Modification of Charge, Corporate Guarantee given by GVK Biosciences Private Limited in connection with the loans taken by Company for the amount not exceeding Rs. 200.000 Millions is filed.

FIXED ASSETS

· Land

· Building

· Plant and Machinery

· Electrical Equipments

· Furniture and Fixtures

· Laboratory Equipments

· Library

· Vehicles

· Office Equipments

· Refrigeration and AC

· Computers

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. 53.63
UK Pound	1	Rs. 86.17
Euro	1	Rs. 69.74

INFORMATION DETAILS

Report Prepared by :

DPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		43

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.