MIRA INFORM REPORT

Report Date :

25.09.2012

IDENTIFICATION DETAILS

Name :	CREATIVE CASUAL INDIA PRIVATE LIMITED (w.e.f. 29.05.2007)
Formerly Known As :	CREATIVE CASUAL WEAR PRIVATE LIMITED
Registered Office :	115, Cama Industrial Estate, Sun Mill Compound, Lower Parel, Mumbai-400013, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	24.06.1982
Com. Reg. No.:	11-027515
Capital Investment / Paid-up Capital :	Rs. 1.682 Millions
CIN No.: [Company Identification No.]	U18101MH1982PTC027515
TAN No.: [Tax Deduction & Collection Account No.]	MUMC10518E
PAN No.: [Permanent Account No.]	AAACC2084P
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of Readymade Garments
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (42)

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

Maximum Credit Limit :	USD 44000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered for business dealings at usual trade terms and condition.

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 :	115, Cama Industrial Estate, Sun Mill Compound, Lower Parel, Mumbai-400013, Maharashtra, India
Tel. No.:	91-22-24984297 / 30480972
Fax No.:	91-22-24934992 / 24931760
E-Mail :	manojp@creativegarments.com

DIRECTORS

AS ON 30.09.2011

Name :	Mr. Vijay Kumar Jamnadhar Agarwal
Designation :	Director
Address :	93/B, Maker Tower, Cuffe Parade, Colaba, Mumbai-400005, Maharashtra, India
Date of Appointment :	18.11.1987
DIN No.:	00108710

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	U72200MH1982PTC027171	CREATIVE COMPUTER AND MARKETING PRIVATE LIMITED	Director	19/05/1982	19/05/1982	-	Active	NO
2	U45200MH1983PTC030713	CREATIVE ESTATES PRIVATE LIMITED	Director	11/07/1984	11/07/1984	-	Active	NO
3	U18101MH1984PTC033537	CREATIVE GARMENTS PRIVATE LIMITED	Director	24/07/1984	24/07/1984	-	Active	NO
4	U65990MH1986PTC039285	CG LEASING (BOMBAY) PRIVATE LIMITED	Director	19/05/1986	19/05/1986	-	Active	NO
5	U28999MH1987PTC045332	CREATIVE ANTI CORROSION PRIVATE LIMITED	Director	18/11/1987	18/11/1987	-	Active	NO
6	U18101MH1982PTC027515	CREATIVE CASUAL INDIA PRIVATE LIMITED	Director	18/11/1987	18/11/1987	-	Active	NO
7	U51900MH1988PTC045768	CARDIFF EXPORTS PRIVATE LIMITED	Whole-time director	04/01/1988	04/01/1988	-	Active	NO
8	U74899DL1987PTC027112	UNNATI D.K.S. ENGINEERING PRIVATE LIMITED	Director	14/07/1988	14/07/1988	-	Active	NO
9	U74899DL1985PTC020843	PRIYANKA INVESTMENT PRIVATE LIMITED	Director	14/07/1988	14/07/1988	-	Active	NO
10	U17120MH1991PTC059699	CREATIVE POLYTEX PRIVATE LIMITED	Director	07/01/1991	07/01/1991	-	Active	NO
11	U18101MH1991PTC062720	CREATIVE TEXTILE MILLS PRIVATE LIMITED	Director	29/07/1991	29/07/1991	-	Active	NO
12	U17113MH1995PTC084818	CREATIVE WOOLLEN MILLS PRIVATE LIMITED	Director	20/01/1995	20/01/1995	-	Active	NO
13	U74899DL1978NPL008877	APPAREL EXPORT PROMOTION COUNCIL.	Director	30/09/2010	30/09/1995	-	Active	NO
14	U17100MH1996PTC102875	CREATIVE PORTICO (INDIA) PRIVATE LIMITED	Director	19/10/1996	19/10/1996	-	Active	NO
15	U67120MH1996PTC102710	CREATIVE GLOBAL STOCK BROKING PRIVATE LIMITED	Director	07/02/1998	07/02/1998	-	Active	NO
16	U74999MH1987PTC044924	APPAREL MEDIA PRIVATE LIMITED	Director	02/08/2000	02/08/2000	-	Active	NO
17	U17110MH2001PTC131545	SONAL APPAREL PRIVATE LIMITED	Director	30/09/2002	30/09/2002	-	Active	NO
18	U51310MH2002PTC137955	CG INTERTRADE PRIVATE LIMITED	Director	22/11/2002	22/11/2002	-	Active	NO
19	U72200MH1986PTC039861	MICRO CHIP CONSULTANTS (BOMBAY) PRIVATE LIMITED	Director	07/04/2003	07/04/2003	-	Active	NO
20	U36900MH2003PTC142381	CREATIVE LIVING (INDIA) PRIVATE LIMITED	Director	25/09/2003	25/09/2003	-	Active	NO
21	U72200MH2004PTC143958	CREATIVE GLOBAL SERVICES PRIVATE LIMITED	Director	12/01/2004	12/01/2004	-	Active	NO
22	U17114MH2000PTC125845	CREATIVE HOME FURNISHING INTERNATIONAL PRIVATE LIMITED	Director	01/07/2004	01/07/2004	-	Active	NO
23	U34101MH2004PTC148617	DC CREATIVE AUTO DESIGNS PRIVATE LIMITED	Director	15/09/2004	15/09/2004	30/04/2010	Active	NO
24	L24302RJ1976PLC001684	BANSWARA SYNTEX LIMITED	Director	27/10/2004	27/10/2004	-	Active	NO
25	U99999MH1993PTC072371	DILIP CHHABRIA DESIGN PRIVATE LIMITED	Director	10/03/2005	10/03/2005	-	Active	NO
26	U17120MH2005PTC150958	SYNTIS GARMENTS PRIVATE LIMITED	Director	15/04/2005	15/04/2005	-	Active	NO
27	U18101MH2005PTC156842	CREATIVE GARMENTS AND TEXTILES PRIVATE LIMITED	Director	19/10/2005	19/10/2005	-	Active	NO
28	U18101MH2005PTC157121	ELEMENT SEVEN GARMENT AND TEXTILES PRIVATE LIMITED	Director	05/11/2005	05/11/2005	-	Active	NO
29	U17120MH2005PTC152915	PANTHEON TEXTILES PRIVATE LIMITED	Director	30/10/2006	07/11/2005	-	Active	NO
30	U18101MH2005PTC157231	KARL HOGAN CLOTHING PRIVATE LIMITED	Director	10/11/2005	10/11/2005	-	Active	NO
31	U45202MH2002PTC166675	KASTURI LANDMARKS PRIVATE LIMITED	Director	23/11/2005	23/11/2005	-	Active	NO
32	U45200MH2005PTC157691	NEON BUILDERS PRIVATE LIMITED	Director	30/11/2005	30/11/2005	-	Active	NO
33	U45200MH2005PTC157683	FANTASIA BUILDERS PRIVATE LIMITED	Director	30/11/2005	30/11/2005	30/03/2012	Active	NO
34	U45200MH2005PTC157726	GLADIATOR DEVELOPERS ANDREALTORS PRIVATE LIMITED	Director	01/12/2005	01/12/2005	-	Active	NO
35	U70100MH2005PTC157724	GRIFFIN REAL ESTATES PRIVATE LIMITED	Director	01/12/2005	01/12/2005	-	Active	NO
36	U72100MH2005PTC157725	ENIGMA REALTORS PRIVATE LIMITED	Director	01/12/2005	01/12/2005	08/04/2008	Active	NO
37	U70100MH2006PTC158958	HARMONY LANDMARKS AND REAL ESTATE PRIVATE LIMITED	Director	17/01/2006	17/01/2006	16/03/2012	Active	NO
38	U70100GJ2006PTC066218	NUCLEUS DEVELOPERS PRIVATE LIMITED	Director	15/02/2006	15/02/2006	-	Active	NO
39	U70100MH2006PTC159758	PRISIM PROPERTIES PRIVATE LIMITED	Director	15/02/2006	15/02/2006	-	Active	NO
40	U45200MH2006PTC159798	YATI DEVELOPERS PRIVATE LIMITED	Director	16/02/2006	16/02/2006	-	Active	NO
41	U92199MH2006PLC159800	WINSOME PROPERTIES LIMITED	Director	16/02/2006	16/02/2006	30/03/2012	Active	NO
42	U45200MH2006PTC160021	DREAM WISDOM CONSTRUCTION COMPANY PRIVATE LIMITED	Director	24/02/2006	24/02/2006	-	Active	NO
43	U17120MH2005PTC150951	SYNTIS TEXTILES PRIVATE LIMITED	Director	01/08/2006	01/08/2006	-	Active	NO
44	U17120MH2005PTC150952	BEOND TEXTILES PRIVATE LIMITED	Director	01/08/2006	01/08/2006	-	Active	NO
45	U17120KA2005PTC051101	ONE UP GARMENTS PRIVATE LIMITED	Director	01/08/2006	01/08/2006	20/06/2008	Active	NO
46	U45201MH2006PLC163488	RAVIRAJ CREATIVE INFRASTRUCTURE LIMITED	Director	02/08/2006	02/08/2006	-	Active	NO
47	U17120MH1967PLC013669	CONFEDERATION OF INDIAN TEXTILE INDUSTRY	Director	20/09/2006	20/09/2006	19/01/2008	Active	NO
48	U24129UP2001PTC025857	F.I.FERTILIZERS PRIVATE LIMITED	Director	20/08/2007	20/08/2007	-	Active	NO
49	U17210MH2008PTC177917	CREATIVE MOBUS FABRICS PRIVATE LIMITED	Director	18/01/2008	18/01/2008	-	Active	NO
50	U24110UP2007PLC034049	NEXT GEN BIOFERTILIZERS LIMITED	Director	30/04/2008	30/04/2008	31/03/2012	Active	YES
51	U45200PN2009PTC135153	RAVIRAJ BOKADIA CREATIVE DEVELOPERS INDIA PRIVATE LIMITED	Director	14/12/2009	14/12/2009	-	Active	NO
52	U74900MH2010PTC208241	NUCLEUS BUILDERS PRIVATE LIMITED	Director	26/09/2010	26/09/2010	-	Active	NO
53	U74900MH2010PTC208238	MARVEL BUILDERS PRIVATE LIMITED	Director	26/09/2010	26/09/2010	-	Active	NO
54	U17291MH2011PTC222249	FARM COT FIBER PRIVATE LIMITED	Additional director	13/07/2012	13/07/2012	-	Active	NO

Name :	Mr. Rahul Narendra Mehta
Designation :	Director
Address :	121, Rewa Apartments, Mumbai-400026, Maharashtra, India
Date of Appointment :	18.11.1987
DIN No.:	00165521

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	U51900MH1987PTC043759	CREATIVE CHAIN STORES PRIVATE LIMITED	Director	15/06/1987	15/06/1987	21/12/2009	Active	NO
2	U18101MH1982PTC027515	CREATIVE CASUAL INDIA PRIVATE LIMITED	Director	18/11/1987	18/11/1987	-	Active	NO
3	U18101MH1991PTC062720	CREATIVE TEXTILE MILLS PRIVATE LIMITED	Director	03/04/1992	03/04/1992	-	Active	NO
4	U67120MH1996PTC102710	CREATIVE GLOBAL STOCK BROKING PRIVATE LIMITED	Director	07/02/1998	07/02/1998	-	Active	NO
5	U74999MH1987PTC044924	APPAREL MEDIA PRIVATE LIMITED	Director	02/08/2000	02/08/2000	-	Active	NO
6	U18101MH2005PTC157231	KARL HOGAN CLOTHING PRIVATE LIMITED	Director	10/11/2005	10/11/2005	-	Active	NO
7	U18101MH1984PTC033537	CREATIVE GARMENTS PRIVATE LIMITED	Director	18/11/2005	18/11/2005	-	Active	NO
8	U18101MH1994PLC082837	GINI AND JONY LIMITED	Director	01/08/2007	27/12/2006	-	Active	NO
9	U18101MH2006PTC160058	CREATIVE LIFESTYLES PRIVATE LIMITED	Managing director	01/01/2011	04/01/2007	-	Active	NO
10	U74999MH2007PTC175184	CREATIVE CROSSOVER FASHIONS PRIVATE LIMITED	Director	19/10/2007	19/10/2007	-	Strike off	NO
11	U52322AP1985PLC005698	CHERMAS EXQUISITE LIMITED	Director	02/11/2007	02/11/2007	-	Active	NO
12	U74210MH2010PTC200672	ENCOMPASS DESIGN INDIA PRIVATE LIMITED	Director	09/03/2010	09/03/2010	-	Active	NO
13	L17120MH1987PLC042424	KAMADGIRI FASHION LIMITED	Director	23/08/2011	14/02/2011	-	Active	NO
14	U85191MH2011NPL222545	TRRAIN FOUNDATION	Director	29/09/2011	29/09/2011	-	Active	NO

Name :	Ms. Bindu Rahul Mehta
Designation :	Director
Address :	121, Rewa Apartments, Mumbai-400026, Maharashtra, India
Date of Appointment :	02.05.1993
DIN No.:	02429143

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2011

Names of Shareholders	No. of Shares
Vijay Kumar Jamnadhar Agarwal	151
Rahul Narendra Mehta	2869
Shivhari Agarwal	100
Bindu Rahul Mehta	2500
Creative Computer and Marketing Private Limited, India	100
Birendra Kumar Agarwal (HUF)	100
Kaushalya B Agarwal	100
Surendra Kumar Agarwal	100
Rahul Narendra Mehta (HUF)	2870
Rani V Agarwal	100
Seema S Agarwal	100
Creative Estates Private Limited, India	100
Creative Garments Private Limited, India	7630
TOTAL	16820

AS ON 30.09.2011

Equity Shares Break Up	Percentage of Holding
Bodies corporate	46.56
Directors or relatives of Directors	53.44
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of Readymade Garments

PRODUCTION STATUS (AS ON : 31.03.2011)

Particulars	Unit	Installed Capacity	Actual Production
Readymade Garments	Per Day	700	503466

Note:

1. Installed capacity is given on single shift.
2. Installed capacity is certified by a director being technical matter and accepted by the auditors.
3. Production is on job work basis, mostly carried on by outside parties

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

• Bank of Maharashtra, Ground Floor, Amir Industrial Estate, Sun Mill compound, Lower Parel, Mumbai-400013, Maharashtra, India

Facilities :

Secured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
TERM LOANS
From Bank of Maharashtra (Secured by hypothecation of Machines)	0.262	0.578
WORKING CAPITAL LOANS
From Bank of Maharashtra (Packing Credit) (Secured by hypothecation of Stock)	0.848	0.002
TOTAL	1.110	0.580
Unsecured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
From Directors	34.070	33.305
From Shareholders	3.465	3.465
From Bank Overdraft A/c	53.055	36.245
TOTAL	90.590	73.015

Banking Relations :	--
Auditors :
Name :	M. G. Ved and Company Chartered Accountant
Address :	Vijay Kapadia, 6^th Floor, Patekar Chambers, Opposite Metro Big Cinemas Anandilal Poddar Marg, Mumbai-40002, Maharashtra, India
Tel. No.:	91-22-65062794
E-Mail :	mgvoi@hathway.com
PAN No.:	AAAFM4901E

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
25000	Equity Shares	Rs.100/- each	Rs. 2.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
16820	Equity Shares	Rs.100/- each	Rs. 1.682 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		1.682	1.682	1.682
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		9.421	8.771	7.635
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		11.103	10.453	9.317
LOAN FUNDS
1] Secured Loans		1.110	0.580	8.196
2] Unsecured Loans		90.590	73.015	67.021
TOTAL BORROWING		91.700	73.595	75.217
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		102.803	84.048	84.534
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		10.227	12.035	13.520
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.100	0.100	0.100
DEFERREX TAX ASSETS		0.430	0.399	0.400
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	71.066	65.492	50.465
	Sundry Debtors	53.054	40.603	42.849
	Cash & Bank Balances	1.339	1.768	1.031
	Other Current Assets	1.384	1.587	1.137
	Loans & Advances	4.960	4.753	3.146
Total Current Assets		131.803	114.203	98.628
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	32.582	38.815	23.745
	Other Current Liabilities	7.175	3.874	4.369
	Provisions	0.000	0.000	0.000
Total Current Liabilities		39.757	42.689	28.114
Net Current Assets		92.046	71.514	70.514
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		102.803	84.048	84.534

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	150.272	180.472	140.813
		Other Income	0.340	0.042	2.440
		TOTAL (A)	150.612	180.514	143.253
Less	EXPENSES
		Cost of Raw Material Consumed	147.819	75.114	63.874
		Cost of Trading Goods		10.465	8.170
		Payments to and Provision for Employees		9.907	9.835
		Manufacturing, Administrative and Other Expenses		76.680	60.023
		Decrease / (Increase) in Stocks		(3.526)	(7.531)
		TOTAL (B)	147.819	168.640	134.371
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		[Including Financial	11.874	8.882
			Expenses]
Less	FINANCIAL EXPENSES (D)			8.060	4.768
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		2.793	3.814	4.114
Less/ Add	DEPRECIATION/ AMORTISATION (F)		1.802	2.103	2.460
	PROFIT BEFORE TAX (E-F) (G)		0.991	1.711	1.654
Less	TAX (H)		0.340	0.575	0.128
	PROFIT AFTER TAX (G-H) (I)		0.651	1.136	1.526
Less	Prior Period Adjustments		0.000	0.000	0.945
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		8.770	7.634	7.053
	BALANCE CARRIED TO THE B/S		9.421	8.770	7.634
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	17.972	39.293	36.376
	TOTAL EARNINGS		17.972	39.293	36.376
	IMPORTS
		Raw Materials	0.596	1.024	0.864
	TOTAL IMPORTS		0.596	1.024	0.864
	Earnings Per Share (Rs.)		38.68	67.54	--

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.43	0.63	1.06
Net Profit Margin (PBT/Sales)	(%)	0.66	0.95	1.17
Return on Total Assets (PBT/Total Assets}	(%)	0.70	1.35	1.47
Return on Investment (ROI) (PBT/Networth)		0.09	0.16	0.18
Debt Equity Ratio (Total Liability/Networth)		11.84	11.12	11.09
Current Ratio (Current Asset/Current Liability)		3.32	2.68	3.51

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	-----
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	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	No
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

Registered office has been shifted from 214/C, Shreyas Industrial Estate, Off Western Express Highway, Goregaon (East), Mumbai-400063, Maharashtra, India to the present address w.e.f. 04.06.2007

FIXED ASSETS

• Factory Premises
• Plant and Machinery
• Furniture and Fixtures
• Computers
• Office Equipments
• Air Conditioners
• Motor Car

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 53.29
UK Pound	1	Rs. 86.43
Euro	1	Rs. 68.95

INFORMATION DETAILS

Report Prepared by :

DPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		42

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.