1. Summary Information

		Country	India
Company Name	VALUE PLUS RETAIL PRIVATE LIMITED	Principal Name 1	Mr. Anand Kumar Agarwal
Status	Moderate	Principal Name 2	Mr. Chandan Tejwani
		Registration #	21-122406
Street Address	18, British Indian Street, 3^rd Floor Kolkata – 700069, West Bengal, India
Established Date	05.02.2008	SIC Code	--
Telephone#	91-522-2207226	Business Style 1	Retail Trade
Fax #	Not Available	Business Style 2	--
Homepage	http://www.valueplusretail.com	Product Name 1	Consumer Durables
# of employees	75 (Approximately)	Product Name 2	--
Paid up capital	Rs.15,106,000/-	Product Name 3	--
Shareholders	Directors or relatives of Directors – 100%	Banking	Union Bank of India
Public Limited Corp.	No	Business Period	5 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	B (36)
Related Company
Relation	Country	Company Name	CEO
Enterprises over which (c) or (d) above have significant influence:	--	Vishal Video and Appliances Private Limited	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	80,400,000	Current Liabilities	83,788,000
Inventories	140,148,000	Long-term Liabilities	117,100,000
Fixed Assets	20,282,000	Other Liabilities	7,233,000
Deferred Assets	433,000	Total Liabilities	208,121,000
Invest& other Assets	87,000	Retained Earnings	18,123,000
		Net Worth	33,229,000
Total Assets	241,350,000	Total Liab. & Equity	241,350,000
Total Assets (Previous Year)	133,929,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	931,905,000	Net Profit	7,209,000
Sales(Previous yr)	615,594,000	Net Profit(Prev.yr)	6,381,000

MIRA INFORM REPORT

Report Date :

18.04.2013

IDENTIFICATION DETAILS

Name :	VALUE PLUS RETAIL PRIVATE LIMITED
Registered Office :	18, British Indian Street, 3^rd Floor Kolkata – 700069, West Bengal
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	05.02.2008
Com. Reg. No.:	21-122406
Capital Investment / Paid-up Capital :	Rs.15.106 Millions
CIN No.: [Company Identification No.]	U51109WB2008PTC122406
TAN No.: [Tax Deduction & Collection Account No.]	CALV02727E
PAN No.: [Permanent Account No.]	AACCV6349N
Legal Form :	Private Limited Liability Company
Line of Business :	Retail Trade of Consumer Durables
No. of Employees :	75 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (36)

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

Maximum Credit Limit :	USD 130000
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an established company having a moderate track record. The management has failed to file its latest financial with the government department. As per previous year’s, the profitability of the company appears to be low. The external borrowing appears to be huge. However, trade relations are reported to be fair. Business is active. Payments are unknown. 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

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	Long Term Rating = BB+
Rating Explanation	Having moderate risk of default regarding timely servicing of financial obligation
Date	February 2013

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. Mayur Agarwal
Designation :	Director
Contact No.:	91-9838079777
Date :	16.04.2013

LOCATIONS

Registered Office :	18, British Indian Street, 3^rd Floor Kolkata – 700069, West Bengal India
Tel. No.:	91-522-2207226
Fax No.:	Not Available
E-Mail :	cfclko@gmail.com gaurang.agarwal@valueplusretail.com
Website :	http://www.valueplusretail.com
Godown :	Dafti Mill Compound, Yogeshwar Math Marg, Lucknow, Lucknow - 226001, Uttar Pradesh, India
Branch Office 1 :	1/6, Gokhale Marg, Kucknow - 226001, Uttar Pradesh, India
Branch Office 2 :	Krishan Kunj, Gandhi Nagar, Golghar, Gorakhpur – 273001, Uttar Pradesh, India

DIRECTORS

As on 30.09.2011

Name :

Mr. Anand Kumar Agarwal

Designation :

Director

Address :

C/o Vishal Trades, Gorakhpur – 273005, Uttar Pradesh, India

Date of Birth/Age :

04.07.1963

Date of Appointment :

30.09.2010

DIN No.:

00046630

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	U45201UP2005PTC030441	BANKE BIHARI DEVELOPERS PRIVATE LIMITED	Director	01-08-05	01-08-05	-	Active	NO
2	U51109WB2008PTC122406	VALUE PLUS RETAIL PRIVATE LIMITED	Director	30-09-10	15-07-10	-	Active	NO
3	U74999UP2006PTC031747	ARYAVART SALES COMPANY PRIVATE LIMITED	Director	30-08-12	30-08-12	-	Active	NO

Name :

Mr. Chandan Tejwani

Designation :

Director

Address :

Su-Ganga Bhawan, D-30, Rajajipuram, Lucknow – 226017, Uttar Pradesh, India

Date of Birth/Age :

04.12.1984

Date of Appointment :

03.08.2009

DIN No.:

00149830

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	U15342UP1990PTC011921	DINA NATH OIL TRADERS PRIVATE LIMITED	Director	07-11-03	07-11-03	28-11-07	Active	NO
2	U51109WB2008PTC122406	VALUE PLUS RETAIL PRIVATE LIMITED	Director	03-08-09	01-07-08	-	Active	NO

Name :

Mr. Ashish Kumar Ladia

Designation :

Director

Address :

Ck 13/95, Phatak Sukh Lal Shah, Lakhi Chautra, Varanasi - 221001, Uttar Pradesh, India

Date of Birth/Age :

11.10.1978

Date of Appointment :

03.08.2009

DIN No.:

00697111

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	U17299WB1992PTC055744	L.B.SAREES PRIVATE LIMITED.	Director	13-10-97	13-10-97	-	Active	NO
2	U51109WB2008PTC122406	VALUE PLUS RETAIL PRIVATE LIMITED	Director	03-08-09	01-07-08	-	Active	NO

Name :

Mr. Saurabh Agrawal

Designation :

Director

Address :

Abhaioli Company, Chauri Chaura, Gorakhpur – 273201, Uttar Pradesh, India

Date of Birth/Age :

15.12.1982

Date of Appointment :

03.08.2009

DIN No.:

01691376

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	U27109WB1994PTC065874	MORGAN FINANCIAL SERVICES PRIVATE LIMITED	Director	02-07-02	02-07-02	-	Active	NO
2	U70109WB1992PTC057137	E COM INFOTECH Private LIMITED	Director	16-12-08	16-12-08	-	Active	NO
3	U51909WB2008PTC131483	WOODLAND TRADE-LINK PRIVATE LIMITED	Director	05-01-09	05-01-09	-	Active	NO
4	U51109WB2008PTC122406	VALUE PLUS RETAIL PRIVATE LIMITED	Director	03-08-09	01-08-09	-	Active	NO

Name :

Mr. Manoj Agarwal

Designation :

Director

Address :

1/6, Gokhley Marg, Lucknow - 226001, Uttar Pradesh, India

Date of Birth/Age :

12.07.1966

Date of Appointment :

05.02.2008

DIN No.:

01812682

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	U65991UP1996PTC020496	MALTI INVESTMENT PRIVATE LIMITED	Director	14-08-96	14-08-96	-	Active	NO
2	U31200UP1997PTC021847	VISHAL VIDEO AND APPLIANCES PRIVATE LIMITED	Director	30-04-97	30-04-97	-	Active	NO
3	U45402UP1997PTC022748	COSMIC DESIGNS PRIVATE LIMITED	Director	23-11-97	23-11-97	-	Active	YES
4	U45101UP1995PTC018566	ABHYUDAYA HOUSING AND CONSTRUCTIONS PRIVATE LIMITED	Director	31-03-00	31-03-00	-	Active	NO
5	U51109WB2008PTC122406	VALUE PLUS RETAIL PRIVATE LIMITED	Director	05-02-08	05-02-08	-	Active	NO
6	U52390DL2008PTC175902	FLYKING IMPEX PRIVATE LIMITED	Director	26-03-08	26-03-08	-	Active	YES
7	U45400WB2007PTC114759	ELEGANT SHELTERS PRIVATE LIMITED	Director	09-05-08	09-05-08	10-08-09	Active	NO
8	U45200DL2010PTC204952	BHOPAL SANCHI HIGHWAYS PRIVATE LIMITED	Director	29-06-10	29-06-10	-	Active	NO
9	U45400UP2011PTC045683	BAWANA INFRA DEVELOPMENT PRIVATE LIMITED	Director	11-07-11	11-07-11	-	Active	NO

Name :

Mr. Mayur Agarwal

Designation :

Director

Address :

New Building, Hasanganj Charri, Faizabad Road, Lucknow - 226020, Uttar Pradesh, India

Date of Birth/Age :

07.03.1980

Date of Appointment :

01.07.2008

DIN No.:

02267044

Name :

Mr. Karan Agarwal

Designation :

Additional director

Address :

2nd Floor, 1/6, Gokhle Marg, Opposite Red Hill School, Lucknow - 226001, Uttar Pradesh, India

Date of Birth/Age :

01.06.1987

Date of Appointment :

01.01.2011

DIN No.:

02908171

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	U51109WB2008PTC122406	VALUE PLUS RETAIL PRIVATE LIMITED	Additional director	01-01-11	01-01-11	-	Active	NO
2	U74999DL2011PTC221079	MEGAMIND MARKETING PRIVATE LIMITED	Director	17-06-11	17-06-11	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Manoj Kumar Agarwal	5000
Girdhari Lal Goenka	5000
Chandan Tejwani	250000
Manoj Agarwal and Mudit Agarwal (HUF)	250000
Mayur Agarwal	250000
Ashish Ladia	200000
Bharat Lal Ladia	50000
Anand Aruna Kanar Agarwal (HUF)	100
Amit Kumar Ladia	100
Hitesh Tejwani	100
Ahsa Bhugra	100
Mausam Ladia	100
Rupali Agarwal	100
Anand Kumar Agarwal (HUF)	120000
Aruna Karan Agarwal (HUF)	50000
Karan Agarwal	30000
Kunal Agarwal	50000
Ankit Agarwal	250000
Total	1510600

As on 30.09.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Retail Trade of Consumer Durables
Terms :
Selling :	Cash / Credit
Purchasing :	Cash / Credit

GENERAL INFORMATION

Customers :

End Users (Corporate)

No. of Employees :

75 (Approximately)

Bankers :

· Union Bank of India, Lucknow Main Branch, 29 Hazratganj, Lucknow - 226001, Uttar Pradesh, India

· ICICI Bank Limited

· HDFC Bank Limited

· Axis Bank

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2011	As on 31.03.2010
Term Loan from Tata Motors Finance Limited
Honda City ZX EXI (UP32-CP-0144)	0.110	0.329
Suzuki Desire and Hyundai M0	0.116	0.000
Hyundai I 10 (UP32-CM-4187)	0.000	0.460
Cash Credit Limit With Union Bank of India (A/c No 00101) (Sanctioned Limit of Rs 100.000 Millions against Stock and Book Debts)	100.980	70.795
Total	101.206	71.584

Banking Relations :	--
Auditors :
Name :	Rajeev Nandan and Company Chartered Accountants
Address :	301-A, IInd Floor, Govinda Apartment, 1-A Shahnajaf Road, Lucknow – 226001, Uttar Pradesh, India
Tel. No.:	91-522-3291377 / 3991018
Fax No.:	91-522-3991020
E-Mail :	pawan_ca2@rediffmail.com mca87@gmail.com
PAN.:	AAZPA1194N
Enterprises over which (c) or (d) above have significant influence:	Vishal Video and Appliances Private Limited

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
2000000	Equity Shares	Rs.10/- each	Rs.20.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1510600	Equity Shares	Rs.10/- each	Rs.15.106 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		15.106	15.106	15.106
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		18.123	10.913	4.532
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		33.229	26.019	19.638
LOAN FUNDS
1] Secured Loans		101.206	71.584	1.794
2] Unsecured Loans		15.894	13.576	12.233
TOTAL BORROWING		117.100	85.160	14.027
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		150.329	111.178	33.665
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		20.282	12.828	10.682
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.433	0.193	0.005
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	140.148	73.388	78.066
	Sundry Debtors	34.658	32.238	14.981
	Cash & Bank Balances	20.114	6.484	3.225
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	25.628	8.668	12.145
Total Current Assets		220.548	120.778	108.417
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	82.436	19.207	80.683
	Other Current Liabilities	1.352	0.394	2.295
	Provisions	7.233	3.150	2.635
Total Current Liabilities		91.021	22.751	85.613
Net Current Assets		129.827	98.027	22.804
MISCELLANEOUS EXPENSES		0.087	0.130	0.174
TOTAL		150.329	111.178	33.665

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	931.905	615.594	450.789
		Other Income	42.927	25.510	15.982
		TOTAL (A)	974.832	641.104	466.771
Less	EXPENSES
		Purchase	959.707	589.910	493.983
		Employees Remuneration & Benefits	12.469	10.669	8.771
		Administrative & Other Expenses	40.022	19.324	29.568
		Selling & Distribution Expenses	2.564	1.726	2.030
		Miscellaneous Expenses written off	0.043	0.044	0.044
		(Increase) Decrease in Stock	(66.760)	4.677	(78.066)
		TOTAL (B)	948.045	626.350	456.330
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		26.787	14.754	10.441
Less	FINANCIAL EXPENSES (D)		13.083	2.851	1.818
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		13.704	11.903	8.623
Less/ Add	DEPRECIATION/ AMORTISATION (F)		2.925	2.649	1.521
	PROFIT BEFORE TAX (E-F) (G)		10.779	9.254	7.102
Less	TAX (H)		3.570	2.873	2.570
	PROFIT AFTER TAX (G-H) (I)		7.209	6.381	4.532
	Earnings Per Share (Rs.)		4.61	4.10	4.48

Particulars	31.03.2013	31.03.2012
Sales Turnover (Approximately)	1350.000	1240.000

Expected Sales (2013-14) : Rs. 1500.000 Millions

The above information has been parted by Mr. Mayur Agarwal.

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.74	1.00	0.97
Net Profit Margin (PBT/Sales)	(%)	1.16	1.50	1.58
Return on Total Assets (PBT/Total Assets}	(%)	4.48	6.93	5.96
Return on Investment (ROI) (PBT/Networth)		0.32	0.36	0.36
Debt Equity Ratio (Total Liability/Networth)		6.26	4.15	5.07
Current Ratio (Current Asset/Current Liability)		2.42	5.31	1.27

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	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	----------------------
14]	Estimation for coming financial year	Yes
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)	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	Yes

UNSECURED LOAN

Rs. In Millions

Particular	As on 31.03.2011	As on 31.03.2010
Anand Aruna Kunal Agarwal (HUF)	0.402	0.000
Mr. Mudit Agarwal	1.577	0.000
Anand Aruna Karan Agarwal (HUF)	0.486	0.396
Anand Kumar Agarwal (HUF)	0.097	0.088
Aruna Karan Agarwal (HUF)	0.024	0.027
Manoj Agarwal Mudit Agarwal (HUF)	3.283	2.963
Amit Kumar Ladia	1.934	1.745
Ankit Agarwal	1.266	1.143
Hitesh Tejwani	2.500	2.770
Karan Agarwal	0.000	0.049
Asha Bhugra	0.500	0.500
Rupali Agarwal	0.000	0.999
Mausam Ladia	0.617	0.557
Vishal Agarwal	0.616	0.000
Ashish Kumar Ladia	0.617	0.557
Bharat Lai Ladia	1.975	1.782
Total	15.894	13.576

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U51109WB2008PTC122406
Name of the company	VALUE PLUS RETAIL PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	18, British Indian Street, 3^rd Floor, Kolkata – 700069, West Bengal, India cfclko@gmail.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10213299
Type of charge	· Book debts · Movable property (not being pledge)
Particular of charge holder	Union Bank of India, Lucknow Main Branch, 29 Hazratganj, Lucknow - 226001, Uttar Pradesh, India jkscoknp@gmail.com
Nature of instrument creating charge	Hypothecation Agreement of Goods and Debts (SD-06) 2.D. P. Note of Rs.100.000 Millions
Date of instrument Creating the charge	13.10.2010
Amount secured by the charge	Rs.100.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Interest to be charged @ 3.75% over Base Rate with a minimum of 11.75% p.a. with monthly rests or at such other rate(s) as may be notified by the Bank to the Borrower from time to time. Terms of Repayment Working Capital - Repayable on demand. Margin 20% Extent and Operation of the charge The Company's assets as mentioned hereunder are hypothecated to secure Cash Credit (Hypothecation) limit of Rs.100.000 Millions granted by the Bank to the Borrower
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Hypothecation of all raw materials, semi finished and finished goods, consumable stores and spares and movable property of any kind situated at Borrower's premises at Aish Bagh, Lucknow or elsewhere or in transit. Hypothecation of all the Borrower's book debts (not older than 90 days),outstandings, monies deposits, receivable, claims and bills, contracts, securities, investment etc.
Particulars of the present modification	The Cash Credit (Hypothecation) limit has now been enhanced from Rs.75.000 Millions to Rs.100.000 Millions. Therefore, total amount of charge secured against hypothecation of stocks, book debts etc. now been enhanced from Rs.75.000 Millions to Rs.100.000 Millions.

FIXED ASSETS

· Furniture and Fixtures

· Computer

· Printer

· UPS

· Close Circuit Camera

· Vehicle

· Submersible Pump

· Invertor and Battery

· Aqua Guard

· Fire Extinguishers

· Generator

· Eiectric Chimney

· Air Conditioner

· Dish T V

· Water Cooler

· Stablizer

· Mobile Phone

· Machinery and Tools

· Coffee Machine

· Kodak Camera

· Tata Photon Plus

· Land and Building

· Lift

· Locker

AS PER WEBSITE

PRESS RELEASE

VALUE PLUS RETAIL BETS ON ELECTRONICS ECOMMERCE

Value Plus Retail a venture of Vishal Video and Appliances Private Limited has recently launched their entire line of electronic goods and accessories for online customers through valueplusretail.com. The store went live in March this year.

“The main objective and goal for this online Shopping Store, is to provide an outstanding shopping experience that would interest the potential customers who will love and value it. The website showcases products of top leading brand name such as Samsung, LG, Panasonic, Sony, Onida, Philips and more just to name a few at reasonable prices to the market,” said Gaurang Agarwal, Director, Value Plus Retail.

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. 53.94
UK Pound	1	Rs.82.77
Euro	1	Rs.71.05

INFORMATION DETAILS

Information Gathered by :	SVA
Report Prepared by :	NTH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--RESERVES	1~10	4
--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	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		36

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.