MIRA INFORM REPORT

Report Date :

05.09.2012

IDENTIFICATION DETAILS

Name :	INVESTORS CLINIC INFRATECH PRIVATE LIMITED (w.e.f. 27.04.2010)
Formerly Known As :	INVESTORS CLINIC INFRATECH LIMITED
Registered Office :	WZ-244/D, 2^nd Floor, Street No.1, Virender Nagar, New Delhi-110058
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	15.12.2009
Com. Reg. No.:	55-196910
Capital Investment / Paid-up Capital :	Rs. 0.500 Million
CIN No.: [Company Identification No.]	U70101DL2009PTC196910
Legal Form :	Private Limited Liability Company
Line of Business :	The subject is act as an agent for purchasing, selling and letting on hire and houses whether multi storied, commercial land / or residential building on commission basis.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (51)

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

Maximum Credit Limit :	USD 410000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having fine track. Financial position of the company appears to be sound. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments. The 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

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 :	WZ-244/D, 2^nd Floor, Street No.1, Virender Nagar, New Delhi-110058, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	www.investorsclinic.in
Corporate Office :	N-5, Opposite Axis Bank, Sector-18, Noida-201301, Uttar Pradesh, India
Tel. No.:	91-120-4247200 /202 / 4618200
Fax No.:	91-120-4247201
Email :L	support@investorsclinic.in

DIRECTORS

AS ON 30.09.2011

Name :	Mr. Honey Ramesh Katyal
Designation :	Director
Address :	F-30/001, MG Mahagun Manor, Sector-10, Noida-201301, Uttar Pradesh, India
Date of Birth/Age :	06.08.1979
Date of Appointment :	15.12.2009
DIN No.:	02217683

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	U45200DL2008PTC178750	INCH BY INCH INFRASTRUCTURE PRIVATE LIMITED	Director	04/06/2008	04/06/2008	29/08/2011	Active	YES
2	U45208DL2008PTC184425	VERTICAL LIMITS INFRATECH PRIVATE LIMITED	Director	22/10/2008	22/10/2008	-	Active	NO
3	U70101DL2009PTC196910	INVESTORS CLINIC INFRATECH PRIVATE LIMITED	Director	15/12/2009	15/12/2009	-	Active	NO
4	U70100DL2010PTC202841	SANSKRITI INFRACON PRIVATE LIMITED	Director	18/05/2010	18/05/2010	-	Active	NO
5	U70200DL2010PTC211560	INVESTORS CLINIC PROPERTY SOLUTIONS PRIVATE LIMITED	Director	20/12/2010	20/12/2010	-	Active	NO
6	U70109DL2011PTC216018	EARTHCON VERTICAL LIMITS INFRACON PRIVATE LIMITED	Director	17/03/2011	17/03/2011	-	Active	NO
7	U70200DL2011PTC217218	REGAL EMPORIA INFRATECH PRIVATE LIMITED	Director	07/04/2011	07/04/2011	-	Active	NO
8	U70200DL2011PTC218118	INVESTORS CLINIC INTERIORS SOLUTIONS PRIVATE LIMITED	Director	26/04/2011	26/04/2011	-	Active	NO
9	U55101DL2011PTC218121	TALLI ENTERTAINMENT CLINIC PRIVATE LIMITED	Director	26/04/2011	26/04/2011	-	Active	NO
10	U70200DL2011PTC222663	INVESTORS CLINIC INFRA VENTURES PRIVATE LIMITED	Director	22/07/2011	22/07/2011	-	Active	NO

Name :	Mr. Sunny Ramesh Katyal
Designation :	Director
Address :	F-30/001, MG Mahagun Manor, Sector-10, Noida-201301, Uttar Pradesh, India
Date of Birth/Age :	22.05.1981
Date of Appointment :	15.12.2009
DIN No.:	02217737

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	U45208DL2008PTC184425	VERTICAL LIMITS INFRATECH PRIVATE LIMITED	Director	22/10/2008	22/10/2008	15/09/2009	Active	NO
2	U70101DL2009PTC196910	INVESTORS CLINIC INFRATECH PRIVATE LIMITED	Director	15/12/2009	15/12/2009	-	Active	NO

Name :	Mr. Amit Yashpal Raheja
Designation :	Director
Address :	301, Noble Tower-II, Eldeco Utopia, Sector-93 A, Phase-II, Noida-201301, Uttar Pradesh, India
Date of Birth/Age :	28.09.1975
Date of Appointment :	01.04.2010
DIN No.:	02577538

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	U70101DL2009PTC196910	INVESTORS CLINIC INFRATECH PRIVATE LIMITED	Director	01/04/2010	01/04/2010	Active	NO
2	U70200DL2010PTC211560	INVESTORS CLINIC PROPERTY SOLUTIONS PRIVATE LIMITED	Director	20/12/2010	20/12/2010	Active	NO
3	U70200DL2012PTC233239	WEALTH CLINIC PRIVATE LIMITED	Director	21/03/2012	21/03/2012	Active	NO

Name :	Mr. Sumit Raheja
Designation :	Director
Address :	301, Noble Tower-II, Eldeco Utopia, Sector-93 A, Phase-II, Noida-201301, Uttar Pradesh, India
Date of Birth/Age :	27.05.1980
Date of Appointment :	01.04.2010
DIN No.:	02611123

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	U45208DL2008PTC184425	VERTICAL LIMITS INFRATECH PRIVATE LIMITED	Director	15/09/2009	15/09/2009	Active	NO
2	U70101DL2009PTC196910	INVESTORS CLINIC INFRATECH PRIVATE LIMITED	Director	01/04/2010	01/04/2010	Active	NO
3	U70200DL2012PTC233239	WEALTH CLINIC PRIVATE LIMITED	Director	21/03/2012	21/03/2012	Active	NO

Name :	Ms. Sakshi Honey Katyal
Designation :	Director
Address :	F-30/001, MG Mahagun Manor, Sector-10, Noida-201301, Uttar Pradesh, India
Date of Birth/Age :	04.05.1979
Date of Appointment :	15.12.2009
DIN No.:	02745199

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	U45208DL2008PTC184425	VERTICAL LIMITS INFRATECH PRIVATE LIMITED	Director	15/09/2009	15/09/2009	Active	NO
2	U70101DL2009PTC196910	INVESTORS CLINIC INFRATECH PRIVATE LIMITED	Director	15/12/2009	15/12/2009	Active	NO
3	U55101DL2011PTC218121	TALLI ENTERTAINMENT CLINIC PRIVATE LIMITED	Director	26/04/2011	26/04/2011	Active	NO
4	U70200DL2011PTC218118	INVESTORS CLINIC INTERIORS SOLUTIONS PRIVATE LIMITED	Director	26/04/2011	26/04/2011	Active	NO
5	U70200DL2011PTC222663	INVESTORS CLINIC INFRA VENTURES PRIVATE LIMITED	Director	22/07/2011	22/07/2011	Active	NO

Name :	Mr. Sanjeev Satya Prakash Bhardwaj
Designation :	Director
Address :	A-80, Sector-30, Near NMC Hospital, Noida-201301, Uttar Pradesh, India
Date of Birth/Age :	09.02.1981
Date of Appointment :	01.04.2010
DIN No.:	02911201
Name :	Mr. Pranav Sharma
Designation :	Director
Address :	H No.1-5/2, Sector-16, Rohini, Delhi-110085, India
Date of Birth/Age :	02.03.1983
Date of Appointment :	01.04.2010
DIN No.:	02911211
Name :	Mr. Shahzad Mohammad Ahmad
Designation :	Director
Address :	44, Shahabad Gate, Kotwali, Rampur-244922, Uttar Pradesh, India
Date of Birth/Age :	03.01.1980
Date of Appointment :	01.04.2010
DIN No.:	02911226
Name :	Mr. Tejasvi Krishanlal Kapoor
Designation :	Director
Address :	H No.111, 2^nd Floor, Hargovind Enclave, Delhi-110095, India
Date of Birth/Age :	24.06.1980
Date of Appointment :	01.04.2010
DIN No.:	02918743
Name :	Mr. Vivek Ashwani Sawheny
Designation :	Director
Address :	71/122, Prem Nagar, Janakpuri, Delhi-110058, India
Date of Birth/Age :	30.08.1975
Date of Appointment :	01.04.2010
DIN No.:	02954902

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	U70101DL2009PTC196910	INVESTORS CLINIC INFRATECH PRIVATE LIMITED	Director	01/04/2010	01/04/2010	Active	NO
2	U70200DL2010PTC211560	INVESTORS CLINIC PROPERTY SOLUTIONS PRIVATE LIMITED	Director	20/12/2010	20/12/2010	Active	NO
3	U45400DL2011PTC225709	TRANS INFRATECH PRIVATE LIMITED	Director	30/09/2011	30/09/2011	Active	NO

Name :	Mr. Rajesh Kalicharan Pandey
Designation :	Director
Address :	121, B P Colony, Civil Lines, P S / P S Civil Lines, Rampur-244901, Uttar Pradesh, India
Date of Birth/Age :	21.10.1979
Date of Appointment :	01.04.2010
DIN No.:	02911176

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2011

Names of Shareholders	No. of Shares
Geeta Ramesh Katyal F-30/001, MG Mahagun Manor, Sector-10, Noida-201301, Uttar Pradesh, India	100
Sunny Ramesh Katyal F-30/001, MG Mahagun Manor, Sector-10, Noida-201301, Uttar Pradesh, India	200
Honey Ramesh Katyal F-30/001, MG Mahagun Manor, Sector-10, Noida-201301, Uttar Pradesh, India	49000
Bhawn Sunny Katyal F-30/001, MG Mahagun Manor, Sector-10, Noida-201301, Uttar Pradesh, India	100
Sakshi Honey Katyal F-30/001, MG Mahagun Manor, Sector-10, Noida-201301, Uttar Pradesh, India	100
Sushma Ramesh Katyal F-30/001, MG Mahagun Manor, Sector-10, Noida-201301, Uttar Pradesh, India	334
Yuvraj Yograj Singh F-5/9, DLF, Phase-1, Gurgaon-122001, Haryana, India	166
TOTAL	50000

AS ON 30.09.2011

Equity Shares Break Up	Percentage of Holding
Directors or relatives of Directors	99.67
Other top fifty shareholders	0.33
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

The subject is act as an agent for purchasing, selling and letting on hire and houses whether multi storied, commercial land / or residential building on commission basis.

GENERAL INFORMATION

Suppliers :	99 Acres Com Creative Thinks Media SSR Wireless Private Limited AA Online Solutions Private Limited Shree Vinayak Infrastructure Indumaa International Services Budget Reality Private Limited Acube Promotion House Private Limited DMAS Advertising and Communications Private Limited Elite Elevators Escalators Private Limited Lloyd Electric and Engineering Limited MS Trading Neosis Advisory Private Limited People Interactive India Private Limited Shree Balaji Gas Engineering Times Business Solutions Limited
No. of Employees :	Not Available
Bankers :	Yes Bank Limited, 9^th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra, India

Banking Relations :	--
Auditors :
Name :	Hemant Gosain and Associates Chartered Accountant
Address :	D-546, Gaur Green Avenue, Abhay Khand-2, Indirapuram, Ghaziabad-201009, Uttar Pradesh, India
Mobile No.:	91-9818305702
PAN No.:	AFJPG4061K

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.10/- each	Rs. 5.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.10/- each	Rs. 0.500 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		0.500	0.500
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		102.789	1.105
4] (Accumulated Losses)		0.000	0.000
NETWORTH		103.289	1.605
LOAN FUNDS
1] Secured Loans		0.000	0.000
2] Unsecured Loans		9.494	0.100
TOTAL BORROWING		9.494	0.100
DEFERRED TAX LIABILITIES		0.172	0.000
TOTAL		112.955	1.705
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		2.992	0.000
Capital work-in-progress		0.000	0.000
INVESTMENT		0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000
	Sundry Debtors	59.812	0.000
	Cash & Bank Balances	8.674	6.390
	Other Current Assets	58.123	0.689
	Loans & Advances	81.696	0.000
Total Current Assets		208.305	7.079
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	23.630	3.602
	Other Current Liabilities	23.831	1.790
	Provisions	50.894	0.000
Total Current Liabilities		98.355	5.392
Net Current Assets		109.950	1.687
MISCELLANEOUS EXPENSES		0.013	0.018
TOTAL		112.955	1.705

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2011	31.03.2010
	SALES
		Income from Brokerage / Commission		496.422	6.250
		Other Income		3.125	0.000
		TOTAL		499.547	6.250
Less	EXPENSES
		Office Expenses		347.083	4.651
		Administrative Expenses
		Advertising Expenses
		TOTAL		347.083	4.651
	PROFIT BEFORE TAX			152.464	1.599
Less	TAX			50.780	0.494
	PROFIT AFTER TAX			101.684	1.105
	Earnings Per Share (Rs.)			203.37	--

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010
PAT / Total Income	(%)	20.36	17.68
Net Profit Margin (PBT/Sales)	(%)	30.71	25.58
Return on Total Assets (PBT/Total Assets}	(%)	72.16	22.59
Return on Investment (ROI) (PBT/Networth)		1.48	1.09
Debt Equity Ratio (Total Liability/Networth)		1.05	3.42
Current Ratio (Current Asset/Current Liability)		2.12	1.31

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 two years	Yes
12]	Profitability for last two 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	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	-----
22]	Litigations that the firm / promoter involved in	-----
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	-----
26]	Buyer visit details	-----
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	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

FORM 8

Corporate identity number of the company	U70101DL2009PTC196910
Name of the company	INVESTORS CLINIC INFRATECH PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	WZ-244/D, 2^nd Floor, Street No.1, Virender Nagar, New Delhi-110058, India
This form is for	Creation of charge
Type of charge	Book debts Movable property (not being pledge) Floating charge Others
Particular of charge holder	Yes Bank Limited, 9^th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra, India
Nature of instrument creating charge	Deed of Hypothecation dated 13th March 2012
Date of instrument Creating the charge	13.03.2012
Amount secured by the charge	Rs. 100.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest Sales Invoice Discounting (SID)/ Working Capital Demand Loan (WCDL)/Cash Credit (CC)Facility - To be decided by the lender at the time of disbursement/transaction Terms of repayment SID- NA CC - Payable on Demand WCDL - Bullet Repayment at the end of tenor Margin SID- Nil CC/WCDL- 25 % of [Book Debt (not more than 90 days old) plus stock minus creditors] Extent and operation of the charge Exclusive Charge on the entire current assets of the borrower (both present and future) Other (i) SID: INR 100.000 Millions (ii) WCDL (sub limit of i): INR 50.000 Millions (iii) CC (sub limit of i): INR 30.000 Millions
Short particulars of the property charged (Including location of the property)	Exclusive Charge on whole of the Current Assets of the Borrower's stocks of raw material, semi-finished and finished goods, stores and spares, bills receivables and book debts (both present and future).

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. 55.53
UK Pound	1	Rs. 88.23
Euro	1	Rs. 70.01

INFORMATION DETAILS

Report Prepared by :

DPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	7
--CREDIT LINES	1~10	5
--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		51

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.