MIRA INFORM REPORT

Report Date :

28.09.2012

IDENTIFICATION DETAILS

Name :	LIFELONG MEDITECH LIMITED (w.e.f. 27.09.2004)
Formerly Known as:	WELCARE MEDITECH LIMITED
Registered Office :	D – 1, Soami Nagar ( South), New Delhi – 110017, Delhi
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	19.07.2002
Com. Reg. No.:	55-116251
Capital Investment / Paid-up Capital :	Rs.129.605 Millions
CIN No.: [Company Identification No.]	U85110DL2002PLC116251
Legal Form :	A Closely held Public Limited Liability Company
Line of Business :	Manufacturer, Importer and Exporter of Medical Disposable Items
No. of Employees:	700 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (31)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 531456
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a established company having moderate track. Company performance is improving and they have successful wipe out their loss. Trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some caution.

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 DEFAILTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAILTERS’ 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 PARTED BY

Name :	Mr. Bhupinder Singh
Designation :	General Manager
Contact No.:	91-8800894405
Date :	14.09.2012

LOCATIONS

Registered Office :	D – 1, Soami Nagar ( South), New Delhi – 110017, Delhi, India
Tel. No.:	91-11-26017063/65
Mobile No.:	91-9810284072 (Mr. Malay Mandal)
Fax No.:	91-11-26016805
E-Mail :	malaymandal@lifelongindia.com sandeepsharma@lifelongindia.com
Location :	Owned
Factory :	Sector -5, Manesar, Gurgoan – 122050, India
Tel No.:	91-124-4335800
Fax No.:	91-124-2291509

DIRECTORS

AS ON 30.09.2011

Name :	Mr. Atul Raheja
Designation :	Director
Address :	K -6, Sainik Farm, New Delhi – 110062, Delhi, India
Date of Birth/Age :	03.01.1964
Date of Appointment :	19.07.2002

Directors Profile:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U32204DL1985PLC020988	LIFELONG INDIA LIMITED	Managing director	15/05/1987	15/05/1987	-	Active	NO
2	U74899DL1994PTC059327	CREATIVE APPLIANCES Private Limited	Director	31/05/1994	31/05/1994	-	Active	NO
3	U72900DL2000PTC106281	Shaadionline Private Limited	Director	11/02/2002	11/02/2002	-	Active	NO
4	U72900DL2002PLC115125	SECURITECH SOFTWARE LIMITED	Director	26/04/2002	26/04/2002	-	Active	NO
5	U85110DL2002PLC116251	LIFELONG MEDITECH LIMITED	Managing director	01/04/2010	19/07/2002	-	Active	NO
6	L30103HR1983PLC026142	OMAX AUTOS LIMITED	Director	30/07/2003	30/07/2003	-	Active	NO
7	U57909DL1988PTC033368	DIMENSION ELECTRONICS PRIVATE LIMITED	Director	08/10/2004	08/10/2004	01/12/2007	Active	NO
8	U74899DL1991PTC043142	REFAM SECURITIES PRIVATE LIMITED	Director	25/10/2004	25/10/2004	-	Active	NO
9	U27100PB2004PLC027607	OMAX STEELS LIMITED	Director	02/11/2004	02/11/2004	20/03/2007	Active	NO
10	U45206HR2006PLC036476	OAL ENERGY & INFRASTRUCTURE LIMITED	Director	04/12/2006	04/12/2006	-	Active	NO
11	U70200DL2008PTC175946	Lifelong Real Estate Private Limited	Director	26/03/2008	26/03/2008	-	Active	NO
12	U74900DL2008PTC181978	Lifelong Finishing Academy Private Limited	Director	12/08/2008	12/08/2008	-	Active	NO
13	U40101HR2010PLC040909	Omax Engineering Services Limited	Director	15/07/2010	15/07/2010	-	Active	NO
14	U36999DL2010PTC209520	Lifelong Descarpack Medical Devices Private Limited	Director	19/10/2010	19/10/2010	-	Active	NO

Name :	Mr. Jatender Mehta
Designation :	Director
Address :	Vedaang Farm No.8, Tropical Drive, M.G. Road, Ghitormi, New Delhi – 110030, Delhi, India
Date of Birth/Age :	11.04.1949
Date of Appointment :	19.07.2002

Directors Profile:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	L30103HR1983PLC026142	OMAX AUTOS LIMITED	Managing director	01/01/2006	28/10/1983	-	Active	NO
2	U34300DL1986PLC023498	UNITECH MACHINES LIMITED	Director	12/10/1990	12/10/1990	-	Active	NO
3	U32204DL1985PLC020988	LIFELONG INDIA LIMITED	Director	03/02/1995	03/02/1995	-	Active	NO
4	U35921PB1999PTC022219	OMAX BIKES Private LIMITED	Director	09/02/1999	09/02/1999	-	Active	NO
5	U85110DL2002PLC116251	LIFELONG MEDITECH LIMITED	Director	19/07/2002	19/07/2002	-	Active	NO
6	U74220HR2004NPL035339	GURGAON TECHNICAL DEVELOPMENT CENTRE FOR EXCELLENCE	Director	17/03/2004	17/03/2004	-	Active	NO
7	U27100PB2004PLC027607	OMAX STEELS LIMITED	Director	02/11/2004	02/11/2004	15/03/2007	Active	NO
8	U99999DL1959PLC176013	AUTOMOTIVE COMPONENT MANUFACTURERS ASSOCIATION OF INDIA	Director	08/09/2006	08/09/2006	-	Active	NO
9	U45206HR2006PLC036476	OAL ENERGY & INFRASTRUCTURE LIMITED	Director	04/12/2006	04/12/2006	-	Active	NO
10	U45400HR2007PTC037085	HARIDWAR ESTATES PRIVATE LIMITED	Director	06/08/2007	06/08/2007	-	Active	NO
11	U72200HR2008PTC038145	CONTECH INFOSYSTEMS PRIVATE LIMITED	Director	08/07/2008	08/07/2008	-	Strike off	NO
12	U74200DL2009PTC195360	SUKRITI DESIGNS PRIVATE LIMITED	Director	20/10/2009	20/10/2009	20/07/2011	Active	NO
13	U40101HR2010PLC040909	Omax Engineering Services Limited	Director	15/07/2010	15/07/2010	-	Active	NO

Name :	Mr. Lalit Gupta
Designation :	Director
Address :	A -372, Sarita Vihar, New Delhi – 110076, Delhi, India
Date of Birth/Age :	05.05.1940
Date of Appointment :	14.12.2007

Directors Profile:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U74899DL1991PTC043142	REFAM SECURITIES PRIVATE LIMITED	Director	21/02/2005	21/02/2005	-	Active	NO
2	U74899DL1994PTC059327	CREATIVE APPLIANCES Private Limited	Director	29/09/2006	01/11/2005	-	Active	NO
3	U72900DL2002PLC115125	SECURITECH SOFTWARE LIMITED	Director	06/11/2006	06/11/2006	-	Active	NO
4	U34100DL2007PLC164171	LIFELONG ELIN AUTO COMPONENTS LIMITED	Director	30/05/2007	30/05/2007	-	Active	NO
5	U85110DL2002PLC116251	LIFELONG MEDITECH LIMITED	Director	14/12/2007	14/12/2007	-	Active	NO
6	U74900DL2008PTC181978	Lifelong Finishing Academy Private Limited	Director	26/09/2009	23/09/2008	-	Active	NO
7	U72900DL2000PTC106281	Shaadionline Private Limited	Director	26/09/2009	01/09/2009	-	Active	NO

Name :	Mr. Sumeet Tandon
Designation :	Director
Address :	M -31, Kalkaji, New Delhi – 110019, Delhi, India
Date of Birth/Age :	27.09.1963
Date of Appointment :	01.01.2009

Directors Profile:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U85110DL2002PLC116251	LIFELONG MEDITECH LIMITED	Director	26/09/2009	01/01/2009	31/05/2010	Active	NO

Name :	Mr. Hamendra Nath Srivastava
Designation :	Director
Address :	E-106, 1^st Floor, Greater Kailash – II, New Delhi – 110048, Delhi, India
Date of Birth/Age :	14.03.1966
Date of Appointment :	21.09.2010
Date of Ceasing :	27.09.2010

Directors Profile:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U85110DL2002PLC116251	LIFELONG MEDITECH LIMITED	Director	21/02/2011	21/09/2010	-	Active	NO
2	U36999DL2010PTC209520	Lifelong Descarpack Medical Devices Private Limited	Director	19/10/2010	19/10/2010	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Nitin Lavani
Designation :	Secretary
Address :	31A/79/80, Jangjeet Nagar, Rajpur, Shamasabad Road, Agra, 282001, Uttar Pradesh, Idnia
Date of Birth/Age :	09.11.1985
Date of Appointment :	10.12.2008
Name :	Mr. Bhupinder Singh
Designation :	General Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2011

Names of Shareholders	No. of Shares
Jatendra Mehta	20000
Atul Raheja (HUF)	20000
Ashok Seth	100
M/s Lifelong India Limited, India	7200000
Atul Raheja	1100000
Mini Raheja	50000
Refam Securities Private Limited, India	1250000
M/s Securitech Software Limited, India	820400
Lifelong Realestate Private Limited, India	2500000
TOTAL	12960500

AS ON 30.09.2011

Equity Share Breakup		Percentage of Holding
Category
Bodies corporate		90.82
Directors or relatives of directors		9.02
Other top fifty shareholders		0.16
	Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer, Importer and Exporter of Medical Disposable Items
Products :	Hypodermic Disposable Syringes Hypodermic Disposable Needles IV Sets IV Cannula Surgical Gloves Paper Tape
Exports :
Products :	Medical Disposable Items
Countries :	· Brazil · European Countries
Imports :
Products :	Raw Materials
Countries :	· China · Korea · European Countries
Terms :
Selling :	Credit and L/C
Purchasing :	Credit and L/C

GENERAL INFORMATION

Customers :

Distributors

No. of Employees :

700 (Approximately)

Bankers :

· Yes Bank Limited, 9th Floor, Nehru Centre, Discovery Of India,, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India

· ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India

· Standard Chartered Bank, Credit Risk Control, Narain Manzil, 23 Barakhamba Road, New Delhi - 110001, Delhi, India

Facilities :

SECURED LOAN	AS ON 31.03.2011 (Rs. In millions)	AS ON 31.03.2010 (Rs. In millions)
Rupee term loans banks secured	68.700	0.000
Rupee term loans others secured	69.653	48.208
Working capital loans banks secured	10.224	82.204
Loans taken for vehicles secured	3.436	1.885
TOTAL	152.013	132.297

UNSECURED LOAN	AS ON 31.03.2011 (Rs. In millions)	AS ON 31.03.2010 (Rs. In millions)
Rupee term loans others unsecured	18.973	13.508
Loans directors unsecured	2.894	2.612
Other debt unsecured	28.234	28.233
TOTAL	50.101	44.353

Financial Institution:

· Religare Finvest Limited, D3, P3b, District Centre, Saket, New Delhi - 110017, Delhi, India

· Hero Honda Finlease Limited, 34 Community Centre Basant Lok Vasant Lok, Vasan Vihar, New Delhi - 110057, Delhi, India

Banking Relations :	--
Auditors :
Name :	Nipun Khurana and Associates Chartered Accountant
Address :	B -192, Gujranwala Town –I, Delhi – 110009, India
Tel. No.:	91-11-27421201-02
Mobile No.:	91-9810100053
Fax No.:	91-11-42821206
E-Mail :	khurananipun@yahoo.com
Holding Company :	Lifelong India Limited

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
13000000	Equity Shares	Rs. 10 each	Rs.130.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
12960500	Equity Shares	Rs. 10 each	Rs.129.605 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		129.605	79.605	79.605
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		3.259	0.000	0.000
4] (Accumulated Losses)		0.000	(6.901)	(13.060)
NETWORTH		132.864	72.704	66.545
LOAN FUNDS
1] Secured Loans		152.013	132.297	92.887
2] Unsecured Loans		50.101	44.353	30.614
TOTAL BORROWING		202.114	176.650	123.501
DEFERRED TAX LIABILITIES		12.713	9.690	4.863
TOTAL		347.691	259.044	194.909
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		230.713	154.313	97.208
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.030	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	82.947	45.240	30.912
	Sundry Debtors	180.531	147.052	111.887
	Cash & Bank Balances	18.466	14.446	4.652
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	116.905	40.635	18.995
Total Current Assets		398.849	247.373	166.446
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	166.903	60.739	43.655
	Other Current Liabilities	114.998	81.903	25.090
	Provisions	0.000	0.000	0.000
Total Current Liabilities		281.901	142.642	68.745
Net Current Assets		116.948	104.731	97.701
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		347.691	259.044	194.909

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	678.630	458.950	405.244
		Other Income	22.094	6.104	(0.213)
		TOTAL (A)	700.724	465.054	405.031
Less	EXPENSES
		Cost of Material Consumed	413.709	263.487	229.994
		Manufacturing Expenses	64.886	34.780	39.685
		Employee related expenses	80.256	43.193	0.000
		Administrative Expenses	82.141	75.843	19.711
		Selling Expenses	0.000	0.000	57.509
		TOTAL (B)	640.992	417.303	346.899
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		59.732	47.751	58.132
Less	FINANCIAL EXPENSES (D)		32.563	24.025	22.756
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		27.169	23.726	35.376
Less/ Add	DEPRECIATION/ AMORTISATION (F)		18.811	10.446	7.918
	PROFIT BEFORE TAX (E-F) (G)		8.358	13.280	27.458
Less	TAX (H)		(1.803)	4.122	4.904
	PROFIT AFTER TAX (G-H) (I)		10.161	6.158	22.554
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(6.901)	(13.060)	(35.614)
	BALANCE CARRIED TO THE B/S		3.260	(6.901)	(13.060)

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	1.45	1.32	5.56
Net Profit Margin (PBT/Sales)	(%)	1.23	2.89	6.77
Return on Total Assets (PBT/Total Assets}	(%)	1.33	3.31	10.41
Return on Investment (ROI) (PBT/Networth)		0.06	0.18	0.41
Debt Equity Ratio (Total Liability/Networth)		3.64	4.40	2.88
Current Ratio (Current Asset/Current Liability)		1.41	1.73	2.42

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	Yes
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--------
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
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	No
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

PERFORMANCE REVIEW

During the year, the Gross Sales of the company has increased from Rs.434.159 Millions in the previous year to Rs. 478.072 Millions in this year registering a growth of 10.11 %. Net Sales and other income of the company has also been increased from Rs. 405.031 Millions in the previous year to Rs. 465.055 Millions in this year registering a growth of 14.82%.

During the year, the company has recorded a decrease in profit before tax of Rs. 13.279 Millions as compared to profit of Rs. 27.458 Millions of the previous year and the profit after tax in this year also decreased to Rs. 6.159 Millions as against the profit of Rs.22.555 Millions of the previous year. Increase in the cost of raw materials, manufacturing expenses and administration expenses have led to the decrease in the Profit before tax.

The Company has strengthened its management team and other staff keeping in mind the huge potential in export and domestic market. The advantage of this will flow in coming years.

There is a good response from the market for the product of the company due to its high quality and this coupled with a good sales distribution network has led to increase in sales volume. The company is also continuously trying to add new products and customers and expecting a good growth in coming years.

FORM 8

This form is for	Creation of charge
Corporate identity number of the company	U85110DL2002PLC116251
Name of the company	LIFELONG MEDITECH LIMITED
Address of the registered office or of the principal place of business in India of the company	D – 1, Soami Nagar ( South), New Delhi – 110017, Delhi, India
Type of charge	Movable Property (Not being pledge) Floating Charge Book Debts Others
Particular of charge holder	Yes Bank Limited, 9th Floor, Nehru Centre, Discovery Of India,, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India
Nature of description of the instrument creating or modifying the charge	Supplemental Deed of Hypothecation dated March 27, 2012
Date of instrument Creating the charge	27.03.2012
Amount secured by the charge	Rs.50.000 millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest EPC:YBBR+4.0%p.a. CC:YBBR+5.5%pa PID:To be decided LC(RM)/LC(Capex): Comm.Validity:1.5% pa;Usance: 2.5% pa PBG(INR/FCY):BG upto 12 months 1.25% pa; More than 12 months:1.75%pa FBG(INR):Comm.3.0%pa Terms of Repayment Export Packing Credit (EPC)/ Purchase Invoice Discounting (PID)/ Letter of Credit - Raw Material [LC(RM)]/ Letter of Credit - Capex [LC(Capex)]/ Performance Bank Guarantee (Foreign Currency) [PBG(FCY)]/ Performance Bank Guarantee (Indian Rupees) [PBG(INR)]/ Financial Bank Guarantee (Indian Rupees) [FBG(INR)]: NA Cash Credit (CC): Payable on demand Margin EPC: 30% of Purchase Order Value CC/ PID: 25% of [Book Debts (not more than 90 days old) plus Stocks minus Creditors] LC(RM)/ PBG(FCY)/ PBG(INR)/ FBG(INR): Nil LC(Capex): 25% of facility amount in the form of Fixed Deposits duly lien marked in favor of YES Bank Limited Extent and Operation of the charge First Pari Passu charge on all the Current Assets of the Borrower (both present and future) Second Pari Passu charge on all the Movable Fixed Assets of the Borrower (both present and future)
Short particulars of the property charged	First Pari Passu charge on all 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) Second Pari Passu charge on all the Movable Fixed Assets of the Borrower located at Plot No. 23, Sector 5, IMT Manesar, Gurgaon - 122050 (both present and future)

FIXED ASSETS

• Refrigrator
• Computer
• Electrical Equipment
• Furniture and Fixture
• Office Equipment
• Plant and machinery
• Mould, Tackles and Dies

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.53.25
UK Pound	1	Rs.86.23
Euro	1	Rs.68.64

INFORMATION DETAILS

Information Gathered by :	SVA
Report Prepared by :	SDA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--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		31

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	-

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.