MIRA INFORM REPORT

Report Date :

21.09.2012

IDENTIFICATION DETAILS

Name :	WORLD GOLD COUNCIL (INDIA) PRIVATE LIMITED
Registered Office :	B-3/6, 6th floor, Laxmi Towers, C-25, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra
Country :	India
Date of Incorporation :	02.12.2011
Com. Reg. No.:	11-224567
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U74900MH2011FTC224567
Legal Form :	Private Limited Liability Company
Line of Business :	Promotions and Sales of Gold in India.
No. of Employees :	Not Divulged by management

RATING & COMMENTS

MIRA’s Rating :

NB

RATING		STATUS	PROPOSED CREDIT LINE
-	NB	New Business	-

Status :	New Business
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is the market development organization for the gold industry. It develops gold-backed solutions, services and markets, based on true market insight. It is a new company and establishing itself gradually. Trade relations are reported as decent. Business is active. Payments terms are unknown. The company can be considered for business dealings on a safe and secured 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.

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION DENIED BY

Name :	Mr. Vipin Sharma
Designation :	Director
Contact No.:	91-22-61579100
Date :	18.09.2012

LOCATIONS

Registered Office :	B-3/6, 6th floor, Laxmi Towers, C-25, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India
Tel. No.:	91-22-61579100
Fax No.:	91-22-61579199
E-Mail :	cs.satyajitmishra@gmail.com
Website :	http://www.gold.org
Head Office :	10 Old Bailey, London EC4M 7NG, United Kingdom
Tel. No.:	44-20-7826 4700
Fax No.:	44-20-7826 4799
E-Mail :	info@gold.org
Branches :	Located at: · New York · Beijing · Shanghai · Hong Kong · Singapore · Tokyo · Chennai

DIRECTORS

Name :	Mr. Ajay Mitra
Designation :	Managing Director, Middle East and India
Address :	130, Chaya Building, Opposite Nare Park Chamar Baug X Lane,Parel, Mumbai - 400012, Maharashtra, India
Date of Birth/Age :	30.12.1961
DIN No.:	03597027
Name :	Mr. Robin Choon Fye Lee
Designation :	Director
Address :	28, Park Dr, London - NW117SP
Date of Birth/Age :	16.09.1967
DIN No.:	03621323
Name :	Mr. Vipin Sharma
Designation :	Director

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

Names of Shareholders	No. of Shares
WGC (Far East) Pte. Limited, Singapore	9999
Ajay S. Mitra	1
Total	10000

BUSINESS DETAILS

Line of Business :

Promotions and Sales of Gold in India.

GENERAL INFORMATION

No. of Employees :	Not Divulged by management
Bankers :	Not Divulged

Banking Relations :	--
Auditors :	Not Divulged

CAPITAL STRUCTURE

Authorised Capital :

No. of Shares	Type	Value	Amount
1,000,000	Equity Shares	Rs. 10/- each	Rs. 10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10,000	Equity Share	Rs.10/- each	Rs. 0.100 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

NEW BUSINESS

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	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	No
12]	Profitability for last three years	No
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	No
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	No
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	No
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

WEBSITE DETAILS

PROFILE

The World Gold Council is the global authority on gold and its uses and the first source of informed opinion and advice for stakeholders and decision makers. They use this knowledge to develop insights into the future role that gold can play across a number of sectors and then, in collaboration with partners, intervene to deliver solutions and create new markets, and to increase and sustain the demand for gold.

In the Investment sector they make gold fundamental to investment decision making.

For Governments and Central Banks, they are a trusted advisor to policy makers and reserve asset managers on all matters related to the gold market.

In the Jewellery sector, they create new insights and ideas which increase the allure and significance of gold when given or worn.

In the Technology sector, they work to place gold at the heart of technological advancement, and they are the authority on innovative uses of gold in industry and society.

As the global advocate for gold, they are committed to playing a key role in the development of a responsible gold mining industry. Their members, the leading gold mining companies, regard the management of the local environment and relationships with local communities as paramount considerations during the lifetime of any mine project. Together, they work to ensure the industry as a whole is striving to develop and integrate best practice.

All their work is informed by a deep understanding of the wide role gold has in society and its potential both now and in the future. Through commercial partnerships and industry leading research, they develop a clear understanding of, and insight into, each of its key markets. Using this insight, they create new, relevant and innovative solutions that deliver against clearly identified market needs. Their insight adds value to their partners and stakeholders across all sectors, and informs each of their programmes and market interventions.

Their Market Intelligence section of this site contains our full range of research and insight.

LEADERSHIP TEAM PROFILES

Ian Telfer

Chairman

Ian Telfer was elected Chairman of the World Gold Council in September 2010. He is also Chairman of Goldcorp and has been a senior executive in the gold mining industry for the past 25 years.

During this time Ian financed, developed and operated mines in 12 countries throughout the Americas, Asia and Australia.

He served as a director and officer of a number of mining companies, including Lihir Gold, TVX Gold and Goldcorp's predecessor, Wheaton River Minerals.

Ian is a member of the Canadian institute of Chartered Accountants and holds a BA from the University of Toronto and an MBA from the University of Ottawa.

Aram Shishmanian

Chief Executive Officer

Aram was appointed Chief Executive Officer of the World Gold Council with effect January 2009.

Aram has over 30 years experience as a management consultant. He has worked with many leading financial institutions, at board and senior executive levels, and brings extensive international experience to the role of CEO.

During 27 years at Accenture, Aram held a number of leadership roles, including Global Managing Partner of the financial markets industry practice, before becoming a senior partner.

Subsequently, he was appointed as a Non-Executive Director of Resolution plc, the Senior Non-Executive Director of Victoria plc, a Non-Executive Director of a Swiss based asset-management company and several other companies. Prior to joining the World Gold Council he was an independent member of the International Executive of Hogan Lovells LLP, one of the leading global law firms. He holds a BA in Economics and an MBA.

Brenda Bates

Director, Corporate Communications

Brenda Bates joined the World Gold Council in June 2011. As Director of Corporate Communications, she is responsible the strategic development and management of the World Gold Council’s communications across all markets.

Prior to her appointment to the World Gold Council, Mrs Bates was Director of Communications at BPP, University College of Professional Education. At BPP she was responsible for the team which delivered a multi-channel communications strategy that successfully promoted BPP as the first private for profit university to be awarded university college status in the UK.

Previously Mrs Bates worked as an independent consultant specialising in asset management and professional services firms. She also ran the specialist financial PR firm Mainland PR. Her in house corporate communications expertise and experience was gained at Aon, where Mrs Bates was member of the board. Mrs Bates established the corporate communications function at Aon and was responsible for all aspects of brand, corporate PR, marketing and communications. Prior to Aon, Mrs. Bates was a Managing Director at the communications consultancy, Gavin Anderson and Company, working with a range of corporate and financial clients.

Albert L. H. Cheng

Managing Director, Far East

Albert Cheng joined the World Gold Council in 1993 and became Managing Director, Far East, in 2003. His role includes responsibility for all operations in the region.

During his early career in the 1980’s, Albert was with Dentsu, Young and Rubicam, Hong Kong, as a Dentsu Account Director.

He subsequently worked for the Royal Canadian Mint, where he was responsible for marketing the Maple Leaf family of bullion products. He helped build the marketing and distribution network in Asia Pacific for the International Olympic Committee, Centennial Coin Programme.

A member of CAM in the UK, Albert holds a degree in Business Administration with a major in marketing from the Chinese University in Hong Kong.

Jeanette Gooding

Managing Director, Operations

Jeanette joined the World Gold Council in May 2009 as Director, Operations. Her responsibilities include human resources, infrastructure, knowledge management, IT services and business policies.

Jeanette has operated in a variety of environments, primarily in the financial services industry. She has experience in developing teams, strategy implementation and capability development.

Prior to joining the World Gold Council , Jeanette was Head of HR at GSA Capital, a spin-off from Deutsche Bank. Other roles included senior positions at Lehman Brothers and Prudential Banking (Egg).

Marcus Grubb

Managing Director, Investment

Marcus Grubb joined the World Gold Council in June 2008. His key role is to be the gold strategist for the World Gold Council, responsible for the organisation’s view of all aspects of the gold market and to articulate it to investors of all types, from private wealth to institutional and sovereign investors worldwide. Marcus also acts as the global spokesperson, speaking at high profile forums and events worldwide. Lastly, he is responsible for managing partner relationships in investment, such as ETF Securities and BullionVault.

Marcus has worked in investment banking and capital markets for 20 years with experience in management, sales, trading, research and product origination. He was the Global Head of Equities at Rabobank and a Board member, where he built and managed the global equities and equity derivatives business. Marcus was the founder Chief Executive of Swapstream, the largest inter-bank exchange for interest rate swaps, sold to the Chicago Mercantile Exchange in 2006. During the mid-1990s, Marcus was a top-rated Senior Investment Strategist running part of research at Union Bank of Switzerland and Salomon Brothers and began his career in Eurobond and swap origination at JP Morgan in the 1980’s. Marcus graduated in 1983 from Oxford University with top first class honours in Modern History & Economics.

David Lamb

Managing Director, Jewellery

David Lamb joined the World Gold Council in July 2010. David has overall responsibility for the strategic development of the gold jewellery market worldwide with a particular focus in building the premium market in the US.

Prior to his appointment to the World Gold Council, David was an Executive Director of the Diamond Trading Company (DTC), the sales and marketing arm of De Beers, as Worldwide Marketing Director and subsequently Chief Strategy Officer. There he was widely credited with significantly increasing consumer demand for diamond jewellery, principally through a series of powerful global innovations such as the Trilogy concept (“For your past, your present, your future”), which he devised.

Previously David spent more than 20 years at leading international advertising agencies, notably JWT Worldwide where he was Executive Vice President and held various leadership positions including Head of Worldwide Account Planning and latterly Head of Multinational Clients.

Robin Lee

Chief Financial Officer

Robin joined the World Gold Council in 2010 as Chief Financial Officer. He carries responsibility for financial reporting and control, financial planning, audit, treasury operations, tax, risk management and company secretariat.

Robin was previously Senior Vice President Finance for Millennium & Copthorne Hotels PLC, a UK FTSE-250 group, where he supported the CEO in corporate strategy, driving profitability and shareholder value. He also spent four years as a management consultant with the Boston Consulting Group, focusing on corporate finance and corporate strategy.

Previously, Robin was head of research and strategy at the Securities Commission in Malaysia where he supported the establishment of the Malaysian Accounting Standards Board. Robin qualified as a Chartered Accountant with KPMG in London, having graduated from Oxford University in 1990 with a degree in Classics.

Ajay Mitra

Managing Director, Middle East and India

Ajay Mitra joined the World Gold Council in March 2007. His responsibilities extend to all operations in the region, developing enduring relationships with trade and retail partners and maintaining communications with the Indian Government.

Prior to joining the World Gold Council, Ajay was Commercial Director for Melcosmetics in the Russian market. He also spent 11 years at Coca Cola, holding various positions in both India and Bangladesh, culminating in the role of country manager for Bangladesh.

Ajay holds a degree in economics from St Xavier's College and a post graduate qualification in Marketing Management from Mumbai University.

Jason Toussaint

Managing Director, US and Investment

Jason Toussaint joined World Gold Council in April, 2009. Jason is responsible for the World Gold Council’s US operations and Investment Sector worldwide. He is also the Managing Director and Principal Executive Officer of World Gold Trust Services, the Sponsor of the SPDR Gold Trust (GLD), the world’s largest gold exchange traded fund.

Jason has worked in the investment management industry for more than 17 years with a focus on portfolio management and quantitative strategy. Most recently, he was Senior Vice President and Senior Investment Strategist at Northern Trust Global Investments (NTGI) based in London.

Jason previously was based in Hong Kong, where he managed the Asia Pacific region for Morgan Stanley Capital International. He was also a Fixed Income Portfolio Manager at JP Morgan Investment Management in New York.

Jason received a bachelor’s degree in Civil and Environmental Engineering from Worcester Polytechnic Institute and received an MBA from the University of Chicago Booth School Of Business.

PARTNERS

The World Gold Council creates value through the development of mutually beneficial alliances and activities with best in class partners.

They share their knowledge and insights with a range of organisations that are seeking greater insight into the world of gold or which are looking to develop commercially viable products, services or markets.

The World Gold Council has a strong track record of developing partnerships that lead to greater understanding of gold’s role in society, that create structural and lasting shifts in demand for gold, and that are commercially beneficial for all stakeholders. In investment, they place high value on the many strong, collaborative partnerships they’ve developed across the globe.

These partnerships advance their objectives on two principal levels:

· They educate investors about gold’s unique investment qualities and develop, sustain and increase demand for gold as an asset class.

· They improve access to physical gold investment across products and across geographies, working towards universal access.

 Their Investment sector includes examples such as an initiative to develop the gold investment market with partners such as BullionVault. They also partner the Chinese Bank ICBC – the largest bank in the world - collaborating on development of the Chinese gold investment market.

In Technology, they work with world-class organisations and companies to promote the use of gold in current markets and accelerate the rate at which promising science relating to gold is turned into practical new uses. They partner with high tech start-ups such as Nanostellar, leading industrial business such as Johnson Matthey, and academic institutions across the world.

In jewellery their initiatives benefit from imaginative commercial partnerships with leading influencers working at many different points in the value chain.

Their Government Affairs team works with reserve asset managers around the world to demonstrate how gold can help central banks meet their strategic investment objectives, manage macro-economic risks and enhance liquidity in periods of financial distress. They achieve this through their ongoing research programme, public education seminars and closed door sessions with central banks around the world. They work closely with global policymakers and influencers, ranging from politicians and regulators to world class think tanks and international organisations, where we inform, engage and influence key debates. Past involvement includes the reform of the international monetary system, the development of prudent liquidity and capital standards in the global banking system, and the implications of the shift in the world’s economic epicentre from west to east.

MEMBERS

At present the World Gold Council has 23 members who include the world’s leading and most forward thinking gold mining companies, representing approximately 60% of global corporate gold production. They are headquartered across the globe and have mining operations that stretch to almost every inhabited continent.

Members’ active support of the World Gold Council represents their shared vision of ensuring a sustainable gold mining industry, based on a deeper understanding of gold’s role in society, now and in the future.

They also have Associate members who include the Franco-Nevada Corporation, Hutti Gold Mines Company Limited, Royal Gold Inc, China Gold Group Corporation and Mitsubishi Materials Corporation.

· African Barrick

·

· Headquarters: London
Website: http://www.africanbarrickgold.com

· African Barrick Gold is Tanzania’s largest gold producer and one of the five largest gold producers in Africa. It has four producing mines and several exploration projects at various stages of development. It has produced 5.3 million attributable ounces of gold since it began operations and had a total resource base of 26.9 million ounces of gold as at 31 December 2010. At the same date, the ABG Group had a total of 4,831 employees, with an additional 2,904 contracted personnel.

· Maintaining a license to operate through acting responsibly in relation to the people, the environment and the communities in which it operates is central to its strategy.

· Read more

· Sustainability report

· Annual report

· Agnico-Eagle Mines Limited

·

· Headquarters: Canada
Website: www.agnico-eagle.com

· Agnico-Eagle Mines Limited is a global mining firm focused on gold, with operations in Canada and advanced-stage projects and opportunities in Canada, Mexico, Finland, and the US.

· Agnico-Eagle's LaRonde Mine in Quebec is Canada's largest gold deposit and is a strong foundation for further international expansion.

· Read more

· Sustainability report

· Annual report

· Alamos Gold Inc.

·

· Headquarters: Canada
Website: www.alamosgold.com

· Alamos is an established Canadian-based gold producer that owns and operates the Mulatos Mine in Mexico, and has exploration and development activities in Mexico and Turkey.

· The Company employs 500 people in Mexico and Turkey and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighbouring communities.

· Read more

· Sustainability report

· AngloGold Ashanti

·

· Headquarters: South Africa
Website: www.anglogoldashanti.com

· AngloGold is a global gold producer with operations in four continents.

· The company employs over 60,000 people across the world, is committed to sustainable development and takes into account both the communities and environments in which it operates.

· Read more

· Sustainability report

· Annual report

· Barrick Gold Corp.

·

· Headquarters: Canada
Website: www.barrick.com

· Barrick is the gold industry production volume leader with 25 operating mines, a pipeline of large, long-life projects and 138.5 million ounces of proven and probable gold reserves.

· Barrick was listed on the DJSI – World & North America for the third and fourth consecutive years in 2010, respectively.

· Read more

· Responsibility reporting

· Annual report

· Beyond Borders

· Buenaventura

·

· Headquarters: Peru
Website: www.buenaventura.com.pe

· Buenaventura is a global mining company producing precious metals and holding mining rights in Peru.

· Since its foundation in 1953, Buenaventura has been focusing on exploration and exploitation activities, both by its own and through joint ventures. Buenaventura is also an important shareholder of Minera Yanacocha S.R.L., the leading gold producer in Latin America.

· Read more

· Sustainability report

· Annual report

· Centerra Gold

· Headquarters: Canada
Website: http://www.centerragold.com/

· Read more

· Sustainability report

· Eldorado Gold Corporation

·

· Headquarters: Canada
Website: www.eldoradogold.com

· Eldorado Gold Corporation is an international gold producer. It operates four mines with two under contruction, and operates in China, Turkey, Brazil, Greece and surrounding regions. The company goal is to produce approximately 1 million ounces of gold annually by 2013.

· Read more

· Sustainability report

· Annual report

· Goldcorp Inc.

·

· Headquarters: Canada
Website: www.goldcorp.com

· Goldcorp has operations and development projects located in safe jurisdictions throughout the Americas. It employs more than 14,000 people worldwide. Goldcorp is committed to responsible mining practices and is well positioned to deliver sustained, industry leading growth and performance

· Read more

· Sustainability report

· Annual report

· Golden Star Resources Limited

·

· Headquarters: US
Website: www.gsr.com

· Focussed in Ghana for 25 years, GSR has expanded its operations from an exploration company to one which also is a gold producer.

· Read more

· Sustainability report

· Annual report

· Gold Fields Limited

·

· Headquarters: South Africa
Website: www.goldfields.co.za

· Gold Fields Limited was formed in 1998 with the amalgamation of the gold assets of Gold Fields of South Africa Limited and Gencor Limited. It has nine operating mines in South Africa, Ghana, Australia and Peru.

· The company employs some 50 000 people including contractors across its global operations.

· Read more

· Sustainability report

· Annual report

· IAMGOLD Corporation

·

· Headquarters: Canada
Website: www.iamgold.com

· IAMGOLD is a mid-tier gold mining company producing approximately one million ounces annually from eight gold mines on three continents.

· IAMGOLD’s growth plans are strategically focused in West Africa, select countries in South America and in the Canadian provinces of Ontario and Québec, where it also operates a niobium mine.

· Read more

· Sustainability report

· Annual report

· Kinross Gold Corporation

·

· Headquarters: Canada
Website: www.kinross.com

· Kinross, a global gold producer, is now active in eight mining-friendly countries, with ten operating mines, five high-quality development projects, and more than 7,000 employees.

· Read more

· Sustainability report

· Annual report

· Newcrest Mining Limited

·

· Headquarters: Australia
Website: http://www.newcrest.com.au

· Newcrest Mining Limited is a leading gold producer in Australia, the Pacific region, and Asia with a portfolio of operating mines in six production provinces in four countries as well as exploration and development projects in Australia, Papua New Guinea, Fiji, Indonesia and Côte d’Ivoire.

· With a total workforce of approximately 19,000 Newcrest’s vision is to be the ‘Miner of Choice’ for all stakeholders including our employees and contractors, the communities in which we operate and our shareholders. Social responsibility, safety and sustainability are the fundamental guideposts to our vision.

· Read more

· Sustainability report

· New Gold Inc.

·

· Headquarters: Canada
Website: www.newgold.com

· New Gold is an intermediate gold mining company with the Mesquite Mine in the United States, the Cerro San Pedro Mine in Mexico and Peak Gold Mines in Australia. The company is expected to produce between 330,000 and 360,000 ounces of gold in 2010, growing to over 400,000 ounces in 2012.

· In addition, New Gold has a strong portfolio of development and exploration assets in North and South America.

· Read more

· Sustainability report

· Newmont Mining Corporation

·

· Headquarters: US
Website: www.newmont.com

· Newmont Mining Corporation is primarily a gold producer, with significant assets or operations in the United States, Australia, Peru, Indonesia, Ghana, New Zealand, Canada and Mexico.

· Founded in 1921 and publicly traded since 1925, Newmont is headquartered in Colorado, US. The company has approximately 34,000 employees and contractors worldwide.

· Read more

· Sustainability report

· Annual report

· Primero Mining Corporation

·

· Headquarters: Canada
Website: www.primeromining.com

· Primero is a Canadian based precious metals producer with established gold-silver operations in Mexico. Primero offers immediate exposure to unhedged, low cash-cost gold production with a substantial resource base in a politically stable jurisdiction. The Company has intentions to become the next intermediate gold producer by building a portfolio of high quality, low cost precious metals assets in the Americas.

· Read more

· Sustainability report

· Annual report

· Yamana Gold Inc.

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. 54.34
UK Pound	1	Rs. 87.91
Euro	1	Rs. 70.57

INFORMATION DETAILS

Information Gathered by :	SVA
Report Prepared by :	BVA

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.