MIRA INFORM REPORT

Report Date :

17.04.2013

IDENTIFICATION DETAILS

Name :	CONFORMITY INDIA INTERNATIONAL PRIVATE LIMITED
Registered Office :	WH 52, Mayapuri Industrial Area, Phase-I, New Delhi-110064
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	23.07.2007
Com. Reg. No.:	55-166110
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U74140DL2007PTC166110
Legal Form :	Private Limited Liability Company
Line of Business :	Providing Testing Services, Certification Services, Approval Services, Goods Testing Services and Goods Certification.
No. of Employees :	30 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

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

Maximum Credit Limit :	USD 26000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having a satisfactory track record. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct and as per commitment. The company can be considered for business dealings at usual trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

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 PARTED BY

Name :	Mr. Deepak
Designation :	Admin Department
Contact No.:	91-11-28114400
Date :	08.04.2013

LOCATIONS

Registered Office :	WH 52, Mayapuri Industrial Area, Phase-I, New Delhi-110064, India
Tel. No.:	91-11-28114400 / 28114411 / 28114422
Mobile No.:	91-9811127453 (Mr. Sudhir)
Fax No.:	91-11-28114422
E-Mail :	sudhir@ciindia.in mktg@ciindia.in
Website :	www.ciindia.in
Location :	Owned
Corporate and Correspondence Address :	WZ 22/1, Street No. 10, Virender Nagar, New Delhi – 110058, India
Tel. No.:	91-11-25615035 / 25611360
Branch Office :	Located at : · Mumbai · Chennai · Bangalore · Kolkata

DIRECTORS

AS ON 21.09.2012

Name :	Mr. Sudhir Kumar Sharan
Designation :	Director
Address :	C – 74, Shakti Nagar Extension, Delhi – 110052, India
Date of Birth/Age :	06.02.1961
Qualification :	Chartered Accountant
Date of Appointment :	23.07.2007
DIN No.:	01632500
Name :	Mr. Tilak Raj Sachdeva
Designation :	Director
Address :	A – 504, J K Co-operative Housing Society, Sector – 56, Gurgaon – 122002, Haryana, India
Date of Birth/Age :	09.05.1936
Date of Appointment :	05.03.2011
DIN No.:	03456563

KEY EXECUTIVES

Name :	Mr. Deepak
Designation :	Admin Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 21.09.2012

Names of Shareholders	No. of Shares
Sudhir Kumar Sharan	5000
Tilak Raj Sachdeva	5000
TOTAL	10000

AS ON 21.09.2012

Equity Shares Break Up	Percentage of Holding
Directors or relatives of Directors	100.00
TOTAL	100.00

BUSINESS DETAILS

Line of Business :	Providing Testing Services, Certification Services, Approval Services, Goods Testing Services and Goods Certification.
Services :	· CII Safety Certification · CII EMC Certification · CE Marketing · NEMKO Certification · ELECTROSUISSE- SEV Certifications · Third Party Inspections/ Pre-dispatch Inspections · CENELEC Inspection for NEMKO, VDE, ELECTROSUISSE etc · Follow up services for Bureau of Indian Standards · Facilitating Indian Certifications from STQC, BIS, TEC, DOT, DGMS, CCoE etc · Approval for SAARC countries includi8ng Pakistan, Sri Lanka, Nepal, Bangladesh · Facilitative International Certifications through Foreign Certification Bodies · ENEC, HAR, CCA EMC Marking for Europe · Factory Evaluations for International/ Local Compliance · RoHS Compliance · Consultancy for QMS ISO 9000, EMS ISO 14001, Laboratory Accreditation IEC 17025 · Supply of Safety, EMC Test Equipments · Local Representation for manufacturers abroad aspiring for Indian Certifications · Competitive global sourcing of certified components like cables, cord sets, switches, lam holders etc. · Special lectures and training on specialty areas · HR Placements
Terms :
Selling :	Cash
Purchasing :	Cash

GENERAL INFORMATION

Customers :

· End Users

No. of Employees :

30 (Approximately)

Bankers :

· Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227 D, Nariman Point, Mumbai-400021, Maharashtra, India

· ICICI Bank

· Punjab National Bank, Janta Nagar Branch, Delhi, India

· Punjab National Bank, Hari Nagar Branch, Delhi, India

Facilities :

Secured Loan	Rs. In Millions 31.03.2012	Rs. In Millions 31.03.2011
Long Term Borrowings
Term Loans
From Banks
ICICI Bank Car Loan	0.355	0.442
Kotak Mahindra Prime Limited	0.373	0.000
TOTAL	0.728	0.442

Banking Relations :	--
Auditors :
Name :	Praveen Kumar Pahwa Chartered Accountant
Address :	N-52, Connaught Circus, New Delhi-110001, India
Tel. No.:	91-11-23315530/ 23314897/ 23721089
Fax No.:	91-11-23315530/ 23314897/ 23721089
PAN No.:	AAEPP1180E

CAPITAL STRUCTURE

AS ON 31.03.2012

Authorised Capital :

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

Issued, Subscribed & Paid-up Capital :

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

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2012	31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		0.100	0.100	0.100
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		6.648	1.751	1.339
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		6.748	1.851	1.439
LOAN FUNDS
1] Secured Loans		0.728	0.442	0.000
2] Unsecured Loans		5.950	0.000	0.000
TOTAL BORROWING		6.678	0.442	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		13.426	2.293	1.439
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		11.108	1.103	0.318
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	2.261	0.455	0.741
	Other Current Assets	0.049	0.690	0.000
	Loans & Advances	0.025	0.045	0.381
Total Current Assets		2.335	1.190	1.122
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000	0.000	0.000
	Other Current Liabilities	0.017	0.000	0.001
	Provisions	0.000	0.000	0.000
Total Current Liabilities		0.017	0.000	0.001
Net Current Assets		2.318	1.190	1.121
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		13.426	2.293	1.439

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	NA	NA	NA
		Other Income	NA	NA	NA
		TOTAL	NA	NA	NA
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		7.553	0.861	1.962
Less/ Add	DEPRECIATION/ AMORTISATION		1.787	0.266	0.079
	PROFIT / (LOSS) BEFORE TAX		5.766	0.595	1.883
Less	TAX		0.869	0.183	0.611
	PROFIT / (LOSS) AFTER TAX		4.897	0.412	1.272
	Earnings Per Share (Rs.)		489.70	41.20	127.20

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
Return on Total Assets (PBT/Total Assets}	(%)	42.89	25.95	130.76
Return on Investment (ROI) (PBT/Networth)		0.85	0.32	1.31
Debt Equity Ratio (Total Debt /Networth)		0.99	0.24	0.00
Current Ratio (Current Asset/Current Liability)		137.35	0.00	1122.00

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	Yes
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	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	Yes
20]	Export / Import details (if applicable)	No
21]	Market information	-----
22]	Litigations that the firm / promoter involved in	-----
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	-----
26]	Buyer visit details	-----
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

Unsecured Loan	Rs. In Millions 31.03.2012	Rs. In Millions 31.03.2011
Long Term Borrowings
Tilak Raj Sachdeva / Nirmal Sachdeva	3.000	0.000
Sudhir Kumar Sharan / Praveen Sharan	2.950	0.000
TOTAL	5.950	0.000

NOTE

Registered office has been shifted from WZ 22/1, Street No. 10, Virender Nagar, New Delhi – 110058, India to the present address w.e.f. 01.04.2012.

FORM 8

Corporate identity number of the company	U74140DL2007PTC166110
Name of the company	CONFORMITY INDIA INTERNATIONAL PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	WH 52, Mayapuri Industrial Area, Phase-I, New Delhi-110064, India
This form is for	Creation of charge
Type of charge	· Immovable property
Particular of charge holder	Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227 D, Nariman Point, Mumbai-400021, Maharashtra, India
Nature of instrument creating charge	Memorandum for Recording A Charge By Deposit of Title Deeds.
Date of instrument Creating the charge	14.02.2013
Amount secured by the charge	Rs. 10.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest Applicable Rate - 13.50% p.a Terms of repayment A] Interest shall be payable monthly on average monthly outstanding. B] Rs.0.700 Million shall be repaid annually. (L/N, where L is OD amount and N is number of years.) (of Rs.7.000 Millions) Equated Monthly Installment (EMI) of Rs.0.046 Million for 120 Months. (of Rs.3.000 Millions) Margin NIL. Extent and operation of the charge First and exclusive charge by way of Mortgage on Immovable property of the Company, in favour of Kotak Mahindra bank as security for repayment of facilities granted by the Bank to the Borrower.
Short particulars of the property charged (Including location of the property)	WH-52, Mayapuri, Phase-2, NewDelhi.

FIXED ASSETS

· Instruments

· Air Conditioner

· Chair

· Calculators

· Computer

· Furniture and Fixtures

· Electric Fan

· Invertor

· Laptop

· Machinery

· Printer

· Scanner

· Stabilizer

· Water Filter

· Weighing Machine

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 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. 54.32
UK Pound	1	Rs. 83.17
Euro	1	Rs. 71.05

INFORMATION DETAILS

Information Gathered by :	PDT
Report Prepared by :	DPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		43

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.