MIRA INFORM REPORT

Report Date :

15.09.2012

IDENTIFICATION DETAILS

Name :	KSHITIJ MALL MANAGEMENT PRIVATE LIMITED (w.e.f. 14.09.2007)
Formerly Known As :	MOKSH MALL MANAGEMENT COMPANY PRIVATE LIMITED
Registered Office :	One Indiabulls Center, 16th Floor, Tower 2A, Senapati Bapat Marg, Elphinstone Road, Mumbai – 400013, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	25.04.2006
Com. Reg. No.:	11-161373
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U70109MH2006PTC161373
TAN No.: [Tax Deduction & Collection Account No.]	MUMM29624A
PAN No.: [Permanent Account No.]	AAECM7072P
Legal Form :	Private Limited Liability Company.
Line of Business :	Providing Mall Management Service.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca (12)

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 :	Yet to commence
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Even though the company was incorporated in the year 2006. They have not yet started with their activities. Payments terms are unknown. The company can be considered for business dealings on a safe and secured 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 :	One Indiabulls Center, 16th Floor, Tower 2A, Senapati Bapat Marg, Elphinstone Road, Mumbai – 400013, Maharashtra, India
Tel. No.:	91-22-40436000
Fax No.:	91-22-40436068
E-Mail :	mca@everstonecapital.com afthomas@everstonecapital.com gajanan.kuvar@fch.in

DIRECTORS

As on 06.09.2011

Name :	Mr. Shishir Swami Saran Baijal
Designation :	Director
Address :	Flat No. 901, 9th Floor, Quantam Park, Wing A, Khar Danda, Khar (West), Mumbai – 400050, Maharashtra, India
Date of Birth/Age :	06.03.1959
Date of Appointment :	25.04.2006
DIN No.:	00089265

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	U45200GJ2005PTC046351	GULMOHAR PARK MALL PRIVATE LIMITED	Director	27/08/2005	27/08/2005	-	Active	NO
2	U55200MH2000PTC124192	OFFBEAT DEVELOPERS PRIVATE LIMITED	Director	27/10/2006	29/09/2005	-	Active	NO
3	U72900MH2000PTC126232	GRACEWORKS REALTY & LEISURE PRIVATE LIMITED	Director	29/09/2006	29/11/2005	25/03/2009	Active	NO
4	U67190MH2004PLC150329	KSHITIJ INVESTMENT ADVISORY COMPANY LIMITED	Managing director	30/11/2005	30/11/2005	31/12/2006	Active	NO
5	U45200MH2005PTC156839	AVRUTI MALL MANAGEMENT COMPANY PRIVATE LIMITED	Director	12/12/2005	12/12/2005	31/01/2011	Active	NO
6	U70100MH2005PTC156868	ANUSHTA MALL MANAGEMENT COMPANY PRIVATE LIMITED	Director	15/12/2006	12/12/2005	-	Active	NO
7	U70100MH2005PTC156875	CLASSIC MALL DEVELOPMENT COMPANY PRIVATE LIMITED	Director	31/08/2006	12/12/2005	-	Active	NO
8	U70100MH2005PTC155196	BLB MALL MANAGEMENT COMPANY PRIVATE LIMITED	Director	15/12/2006	12/12/2005	-	Active	NO
9	U70101MH2005PTC153688	NAMAN MALL MANAGEMENT COMPANY PRIVATE LIMITED	Director	12/12/2005	12/12/2005	-	Active	NO
10	U70100MH2005PTC156869	BANSI MALL MANAGEMENT COMPANY PRIVATE LIMITED	Director	12/12/2005	12/12/2005	01/09/2010	Active	NO
11	U45400MH2005PTC156887	CLASSIC HOUSING PROJECTS PRIVATE LIMITED	Director	31/08/2006	27/01/2006	-	Active	NO
12	U45200MH2005PTC156837	SUHANI MALL MANAGEMENT COMPANY PRIVATE LIMITED	Director	27/01/2006	27/01/2006	31/07/2012	Active	NO
13	U55101MH1996PTC101044	STARBOARD HOTELS PRIVATE LIMITED	Director	31/08/2006	08/02/2006	15/07/2010	Active	NO
14	U70100MH2005PTC156886	SHAGUN MALL MANAGEMENT COMPANY PRIVATE LIMITED	Director	16/02/2006	16/02/2006	-	Active	NO
15	U52190MH2006PTC160414	PAVITRA MALL MANAGEMENT COMPANY PRIVATE LIMITED	Director	09/03/2006	09/03/2006	30/03/2009	Active	NO
16	U70109MH2006PTC160388	NIRVANA MALL MANAGEMENT COMPANY PRIVATE LIMITED	Director	09/03/2006	09/03/2006	30/03/2009	Active	NO
17	U52190MH2006PLC160415	MYRA MALL MANAGEMENT COMPANY LIMITED	Director	09/03/2006	09/03/2006	03/05/2010	Active	NO
18	U52100MH2006PTC160387	KYAL TRADING PRIVATE LIMITED	Director	09/03/2006	09/03/2006	30/03/2009	Active	NO
19	U70109MH2006PTC160395	SHIVAM MALL MANAGEMENT COMPANY PRIVATE LIMITED	Director	09/03/2006	09/03/2006	30/03/2009	Active	NO
20	U92142MH2006PTC160500	MARVELL MALL DEVELOPMENT COMPANY PRIVATE LIMITED	Director	14/03/2006	14/03/2006	30/01/2012	Active	NO
21	U70109MH2006PTC161373	KSHITIJ MALL MANAGEMENT PRIVATE LIMITED	Director	25/04/2006	25/04/2006	-	Active	NO
22	U70109MH2006PTC161374	KSHITIJ PROPERTY SOLUTIONS PRIVATE LIMITED	Director	25/04/2006	25/04/2006	-	Active	NO
23	U70101KL1994PTC008019	PEEVEES PROJECTS PRIVATE LIMITED	Director	26/04/2006	26/04/2006	-	Active	NO
24	L51900MH1981PLC024988	GALAXY ENTERTAINMENT CORPORATION LIMITED	Director	27/04/2006	27/04/2006	-	Active	NO
25	U51909GJ1942PLC000436	THE BARODA COMMERCIAL CORPORATION LIMITED	Director	29/04/2006	29/04/2006	30/01/2012	Active	NO
26	U74999MH2006PTC162507	DIVYA BUSINESS CONCEPTS PRIVATE LIMITED	Director	02/06/2006	02/06/2006	30/03/2009	Active	NO
27	U52100MH2006PTC162506	RAMPAL TRADING PRIVATE LIMITED	Director	02/06/2006	02/06/2006	30/03/2009	Active	NO
28	U45200MH2006PTC161067	ISLAND STAR MALL DEVELOPERS PRIVATE LIMITED	Director	19/09/2007	06/06/2006	-	Active	NO
29	U67190MH2005PLC155095	FCH SECURITIES & ADVISORS LIMITED	Director	15/12/2006	07/06/2006	06/05/2010	Amalgamated	NO
30	U70101WB2006PTC107536	AMBA HIGHRISE PVT LTD	Director	16/06/2006	16/06/2006	13/09/2010	Active	NO
31	U45201WB2005PTC102967	RAJLAXMI GRIHA NIRMAN PRIVATE LIMITED	Director	29/09/2007	29/12/2006	-	Active	NO
32	U70101WB2006PTC107867	MANIAM PROPERTIES PVT LTD	Director	05/02/2007	05/02/2007	-	Active	NO
33	U45201KA2006PTC041030	MAVERICK PROPERTIES PRIVATE LIMITED	Director	31/12/2007	16/03/2007	-	Active	NO
34	U85110MH2007PLC169493	FUTURE HOSPITALITY MANAGEMENT LIMITED	Director	19/08/2008	31/03/2007	24/12/2009	Active	NO
35	U34102PN2004PTC019806	SKYSCAPES HOTELS PRIVATE LIMITED	Director	21/06/2007	21/06/2007	-	Active	NO
36	U45209PN2005PTC021147	CITY REALTY & DEVELOPMENT PRIVATE LIMITED	Director	21/06/2007	21/06/2007	-	Active	NO
37	U45200WB2007PTC112466	DEVBHUMI REALTORS PRIVATE LIMITED	Director	02/07/2007	02/07/2007	-	Active	NO
38	U55101MH2007PTC172958	TRITOMA HOTELS PRIVATE LIMITED	Director	08/08/2007	08/08/2007	30/03/2009	Active	NO
39	U52100MH2007PTC172957	AABHA HOTELS PRIVATE LIMITED	Director	08/08/2007	08/08/2007	30/03/2009	Active	NO
40	U74900MH2007PTC172956	INTEGRATED FOOD PARK PRIVATE LIMITED	Director	08/08/2007	08/08/2007	30/03/2009	Active	NO
41	U55101MH2007PTC172953	FUTURE HOSPITALITY PRIVATE LIMITED	Director	08/08/2007	08/08/2007	30/03/2009	Active	NO
42	U52300MH2007PTC172952	PRASOON TRADERS PRIVATE LIMITED	Director	08/08/2007	08/08/2007	30/03/2009	Active	NO
43	U45201DL2006PTC218315	UPAL DEVELOPERS PRIVATE LIMITED	Additional director	13/08/2007	13/08/2007	-	Active	NO
44	U67190MH2007PTC173163	AYATI INVESTMENT ADVISORS PRIVATE LIMITED	Director	16/08/2007	16/08/2007	19/02/2010	Active	NO
45	U74999MH2007PTC172299	REALTERM EVERSTONE INVESTMENT ADVISORS PRIVATE LIMITED	Director	28/07/2008	28/11/2007	-	Active	NO
46	U65990MH2008PLC181572	FUTURE CAPITAL COMMODITIES LIMITED	Director	30/07/2009	25/04/2008	24/12/2009	Active	NO
47	U93000DL2008NPL178695	SHOPPING CENTRES ASSOCIATION OF INDIA	Director	30/10/2009	03/07/2008	-	Active	NO
48	U51101DL2008PTC184935	STAR SHOPPING CENTRES PRIVATE LIMITED	Director	30/09/2009	17/04/2009	01/09/2010	Active	NO
49	U93000WB2011NPL161954	PINK SQUARE MAINTENANCE COMPANY	Director	04/07/2011	04/07/2011	-	Active	NO
50	U45400MH2010PTC210320	SUYOG LOGISTICS PARK PRIVATE LIMITED	Director	05/09/2011	20/07/2011	-	Active	NO

Name :	Mr. Thomas Francis Arackaparambil
Designation :	Director
Address :	A/602, R S K Apartments, D P Link Road, I C Colony, Borivali (West), Mumbai – 400103, Maharashtra, India
Date of Birth/Age :	27.07.1966
Date of Appointment :	01.10.2010
DIN No.:	02675715

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	U70109MH2006PTC161374	KSHITIJ PROPERTY SOLUTIONS PRIVATE LIMITED	Director	03/08/2009	05/06/2009	-	Active	NO
2	U70109MH2006PTC161373	KSHITIJ MALL MANAGEMENT PRIVATE LIMITED	Director	06/09/2011	01/10/2010	-	Active	NO
3	U70100MH2005PTC156886	SHAGUN MALL MANAGEMENT COMPANY PRIVATE LIMITED	Director	06/09/2011	01/10/2010	-	Active	NO
4	U45400MH2010PTC210208	AMBITION LOGISTICS PARK PRIVATE LIMITED	Director	19/11/2010	19/11/2010	23/03/2011	Active	NO
5	U45400MH2010PTC210233	ANMOL LOGISTICS PARK PRIVATE LIMITED	Director	22/11/2010	22/11/2010	23/03/2011	Active	NO
6	U45400MH2010PTC210245	SHAGUN B2B LOGISTICS PARK PRIVATE LIMITED	Director	23/11/2010	23/11/2010	23/03/2011	Active	NO
7	U45400MH2010PTC210320	SUYOG LOGISTICS PARK PRIVATE LIMITED	Director	25/11/2010	25/11/2010	23/03/2011	Active	NO
8	U45400MH2010PTC210318	INDOSPACE INDUSTRIAL PARK PUNE PRIVATE LIMITED	Director	25/11/2010	25/11/2010	23/03/2011	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 06.09.2011

Names of Shareholders	No. of Shares
Shishir Swami Saran Baijal, Flat No. 1103/1104, 11th Floor, B-Wing, Quantum Park, 1084-D, Next to Deccan Apartments, Union Park , Khar Danda, Khar (West), Mumbai – 400050, Maharashtra, India	1
Shagun Mall Management Company Private Limited, FCH House, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013, Maharashtra, India	9998
Ashutosh Arvind Lavakare, FCH House, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013, Maharashtra, India	1
Total	10000

As on 06.09.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	99.98
Directors or relatives of Directors	0.01
Other top fifty shareholders	0.01
Total	100.00

BUSINESS DETAILS

Line of Business :

Providing Mall Management Service.

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	Not Available

Banking Relations :	--
Auditors :
Name :	R. Jaitlia and Company Chartered Accountants
Address :	11, 3rd Floor, Yashwant Chambers, 18, Burjorji Bharucha Marg, Near Kalaghoda, Fort, Mumbai – 400001, Maharashtra, India
Tel. No.:	91-22-40028491
Telefax No.:	91-22-22653607
E-Mail :	compliancemasters@gmail.com
PAN No.:	AADFR5434L
Holding Company :	Shagun Mall Management Company Private Limited CIN No.: U70100MH2005PTC156886

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 Million

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		0.100	0.100	0.100
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.000	0.000	0.000
4] (Accumulated Losses)		(0.056)	(0.048)	(0.041)
NETWORTH		0.044	0.052	0.059
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		0.000	0.000	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		0.044	0.052	0.059
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.000	0.000	0.000
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	0.000	0.000	0.000
	Cash & Bank Balances	0.051	0.059	0.064
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	0.000	0.000	0.000
Total Current Assets		0.051	0.059	0.064
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.007	0.007	0.005
	Other Current Liabilities	0.000	0.000	0.000
	Provisions	0.000	0.000	0.000
Total Current Liabilities		0.007	0.007	0.005
Net Current Assets		0.044	0.052	0.059
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		0.044	0.052	0.059

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	0.000	0.000	0.000
		Other Income	0.000	0.000	0.000
		TOTAL	0.000	0.000	0.000
Less	EXPENSES
		Audit Fees	0.008	0.007	0.006
		Office Expenses		0.000	0.000
		Statutory Expenses		0.000	0.005
		TOTAL	0.008	0.007	0.011
	PROFIT BEFORE TAX		(0.008)	(0.007)	(0.011)
Less	TAX		0.000	0.000	0.000
	PROFIT AFTER TAX		(0.008)	(0.007)	(0.011)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(0.048)	(0.041)	(0.030
	BALANCE CARRIED TO THE B/S		(0.056)	(0.048)	(0.041)
	Earnings Per Share (Rs.)		(0.80	(0.70)	(1.10)

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.00	0.00	0.00
Net Profit Margin (PBT/Sales)	(%)	0.00	0.00	0.00
Return on Total Assets (PBT/Total Assets}	(%)	(15.69)	(11.86)	(17.19)
Return on Investment (ROI) (PBT/Networth)		(0.18)	(0.13)	(0.19)
Debt Equity Ratio (Total Liability/Networth)		0.16	0.13	0.08
Current Ratio (Current Asset/Current Liability)		7.29	8.43	12.80

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%	No
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)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	No
24]	Banking facility details	No
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 office address of the company has been shifted from “FCH House, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013, Maharashtra, India” to the present address w.e.f. 01.12.2011

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.54.73
UK Pound	1	Rs.88.61
Euro	1	Rs.71.34

INFORMATION DETAILS

Report Prepared by :

BSN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	1
--PROFITABILIRY	1~10	1
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		12

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.