MIRA INFORM REPORT

Report Date :

25.04.2013

IDENTIFICATION DETAILS

Name :	RUCHI WORLDWIDE LIMITED
Registered Office :	614, Tulsiani Chambers, Nariman Point, Mumbai - 400021, Maharashtra
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	05.06.1996
Com. Reg. No.:	11-100016
Capital Investment / Paid-up Capital :	Rs.189.407 Millions
CIN No.: [Company Identification No.]	U15499MH1996PLC100016
TAN No.: [Tax Deduction & Collection Account No.]	MUMR08215E
PAN No.: [Permanent Account No.]	AAACR4937N
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Trader of Oils, Seed Extraction, Sugar, Yellow Soya Seed, Peas, Moong and Rice
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (37)

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

Maximum Credit Limit :	USD 3050000
Status :	Moderate
Payment Behaviour :	Slow but Correct
Litigation :	Clear
Comments :	Subject is a subsidiary of “Ruchi Soya Industries Limited”. It is an established company having a moderate track record. The profitability of the company appears to be low. However, general financial position seems to good. The subject gets strong support from its group companies. Trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealing with slight 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	CARE
Rating	BBB (Long Term Rating)
Rating Explanation	Having moderate degree of safety regarding timely servicing of financial obligation. It carry moderate credit risk.
Date	March 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.

LOCATIONS

Registered Office :	614, Tulsiani Chambers, Nariman Point, Mumbai - 400021, Maharashtra, India
Tel. No.:	91-22-66560600 / 22042867
Fax No.:	91-22-22042865
E-Mail :	neeraj_jain@ruchigroup.com info@ruchihealth.com sp_Joshi@ruchigroup.com
Website :	www.ruchigroup.com
Branch Office :	214, Tulsiani Chambers, Nariman Point, Mumbai, Maharashtra, India
Tel. No.:	91-22-22824851

DIRECTORS

AS ON 25.09.2012

Name :	Mr. Dinesh Chandra Shahra
Designation :	Director
Address :	Sharda Building, No.2-A, Road Churchgate, Mumbai – 400020, Maharashtra, India
Date of Birth/Age :	14.07.1952
Qualification :	Bachelors of Engineering
Date of Appointment :	05.06.1996
DIN No.:	00533055

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	U74999MH1979PTC028051	SHAHRA BROTHERS PRIVATE LIMITED	Director	19/12/1979	19/12/1979	-	Active	NO
2	L15140MH1986PLC038536	RUCHI SOYA INDUSTRIES LIMITED	Managing director	07/01/2011	07/01/1986	-	Active	NO
3	L65990MH1984PLC033878	RUCHI INFRASTRUCTURE LIMITED	Director	15/05/1992	15/05/1992	-	Active	NO
4	U51200MH1994PTC077085	SHAHRA ESTATE PRIVATE LIMITED	Director	15/03/1994	15/03/1994	-	Active	NO
5	U40105MP1994PLC008600	RUCHI POWER CORPORATION LIMITED	Director	08/09/1994	08/09/1994	28/07/2011	Active	NO
6	U27100MH1995PLC091905	RUCHI INTEGRATED STEELS (INDIA) LIMITED	Director	17/08/1995	17/08/1995	28/07/2011	Active	NO
7	U45200MH1996PTC096642	RUCHI REALTY PRIVATE LIMITED	Director	29/01/1996	29/01/1996	06/03/2009	Active	NO
8	U24110MH1996PLC096636	EVERSHINE OLEOCHEM LIMITED	Director	29/01/1996	29/01/1996	-	Active	NO
9	U15499MH1996PLC100016	RUCHI WORLDWIDE LIMITED	Director	05/06/1996	05/06/1996	-	Active	NO
10	U85110KA1997PTC021887	MANGALORE LIQUID IMPEX PRIVATE LIMITED	Director	04/03/1997	04/03/1997	-	Active	NO
11	U40108MP1997PTC012379	RUCHI MULTITRADE PRIVATE LIMITED	Director	13/10/1997	13/10/1997	-	Active	NO
12	U15100MH2000NPL123976	INDIAN VEGETABLE OIL PROCESSORS ASSOCIATION LIMITED	Director	01/02/2000	01/02/2000	-	Active	NO
13	U51909MH2003PLC140402	SUNSHINE OLEOCHEM LIMITED	Director	30/06/2005	30/06/2005	-	Amalgamated	NO
14	U15143MH2006PLC197062	MAC OIL PALM LIMITED	Additional director	28/03/2007	28/03/2007	29/09/2007	Amalgamated	NO
15	U40102MH2007PTC176020	RUCHI GREEN ENERGY PRIVATE LIMITED	Director	20/11/2007	20/11/2007	-	Active	NO
16	U45200MH2005PTC155055	BRIGHTSTAR INFRASTRUCTURE PRIVATE LIMITED	Director	30/09/2008	06/02/2008	-	Active	NO
17	U45207MH2007PLC173442	RUCHI REALTY HOLDINGS LIMITED	Additional director	25/03/2008	25/03/2008	26/03/2008	Active	NO
18	U45202MH2008PTC177745	HIGHTECH REALTIES PRIVATE LIMITED	Director	02/04/2008	02/04/2008	-	Active	NO
19	U45400MH2008PTC177867	SPECTRA REALTIES PRIVATE LIMITED	Director	02/03/2009	02/03/2009	-	Active	NO
20	U74999DL2009PTC192620	JAFRA RUCHI COSMETICS INDIA PRIVATE LIMITED	Director	27/07/2009	27/07/2009	-	Active	NO
21	U74140HR2010PTC040510	IFARM VENTURE ADVISORS PRIVATE LIMITED	Director	03/12/2010	03/12/2010	-	Active	NO
22	U74140HR2010PTC041774	IFARM EQUITY ADVISORS PRIVATE LIMITED	Director	31/12/2010	31/12/2010	-	Active	NO
23	U70102MH2008PTC182409	DELITE VENTURES PRIVATE LIMITED	Director	10/05/2011	10/05/2011	-	Active	NO
24	U74992MH2011PTC224782	SAHARSH BROKERS PRIVATE LIMITED	Director	12/12/2011	12/12/2011	-	Active	NO

Name :	Mr. Naveen Gupta
Designation :	Director
Address :	101, Classic Palace, 12-A, Srinagar Annex Indore – 452001, Madhya Pradesh, India
Date of Birth/Age :	06.03.1949
Qualification :	Bachelors of Engineering
Date of Appointment :	05.06.1996
DIN No.:	00101778

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	U24110MH1996PLC096636	EVERSHINE OLEOCHEM LIMITED	Director	29/01/1996	29/01/1996	23/03/2009	Active	NO
2	U15499MH1996PLC100016	RUCHI WORLDWIDE LIMITED	Director	05/06/1996	05/06/1996	-	Active	NO
3	U85110KA1997PTC021887	MANGALORE LIQUID IMPEX PRIVATE LIMITED	Director	04/03/1997	04/03/1997	-	Active	NO
4	L65990MH1984PLC033878	RUCHI INFRASTRUCTURE LIMITED	Director	08/08/1997	08/08/1997	-	Active	NO
5	U40108MP1997PTC012379	RUCHI MULTITRADE PRIVATE LIMITED	Director	13/10/1997	13/10/1997	15/04/2009	Active	NO
6	U15143MH2006PLC197062	MAC OIL PALM LIMITED	Director	29/09/2007	28/03/2007	-	Amalgamated	NO
7	U23201MH2007PTC175893	RUCHI BIO FUELS PRIVATE LIMITED	Director	14/11/2007	14/11/2007	-	Active	NO
8	U23209UR2004PLC032537	UTTARANCHAL BIO FUELS LIMITED	Director	01/10/2010	01/10/2010	-	Active	NO

Name :	Mr. Vijay Kumar Jain
Designation :	Additional Director
Address :	C-119, Ground Floor, Suncity, Sector-54, Gurgaon-122002, Haryana, India
Date of Birth/Age :	03.10.1957
Qualification :	BSC, Diploma in Business Management
Date of Appointment :	12.01.2011
DIN No.:	00098298

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	U74899DL1978NPL009493	INDIAN VANASPATI PRODUCERS ASSOCIATION	Director	14/09/2006	14/09/2006	-	Active	NO
2	L15140MH1986PLC038536	RUCHI SOYA INDUSTRIES LIMITED	Whole-time director	30/09/2009	27/07/2009	-	Active	NO
3	U24110MH1996PLC096636	EVERSHINE OLEOCHEM LIMITED	Director	13/01/2010	13/01/2010	-	Active	NO
4	U51909MH2003PTC138972	MRIG TRADING PRIVATE LIMITED	Director	20/01/2010	20/01/2010	-	Active	NO
5	U23209UR2004PLC032537	UTTARANCHAL BIO FUELS LIMITED	Director	01/10/2010	01/10/2010	-	Active	NO
6	L65990MH1984PLC033878	RUCHI INFRASTRUCTURE LIMITED	Director	30/09/2011	10/11/2010	-	Active	NO
7	U15499MH1996PLC100016	RUCHI WORLDWIDE LIMITED	Additional director	12/01/2011	12/01/2011	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Neeraj Kumar Jain
Designation :	Secretary
Address :	86, Braheshwari, Annex Near Bengal Square, Indore – 452018, Madhya Pradesh, India
Date of Birth/Age :	3.03.1979
Date of Appointment :	08.08.2009
PAN No.:	AKGPJ5073L

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 25.09.2012

Names of Shareholders	No. of Shares
Nitesh Shahra	100
Naveen Gupta	100
Dinesh Khandelwal	550
Ruche Soya Industries Limited, India	9939200
Manish Shahra	100
Santosh Shahra	100
Kailash Shahra	550
Dinesh Shahra (Trustee of Shiva Foundation, India)	9000000
Total	18940700

AS ON 25.09.2012

Equity Shares Break Up	Percentage of Holding
Bodies corporate	52.48
Directors or relatives of Directors	47.52
Total	100.00

BUSINESS DETAILS

Line of Business :

Trader of Oils, Seed Extraction, Sugar, Yellow Soya Seed, Peas, Moong And Rice

Products :

ITC Code	Product Descriptions
13023230	Guar Powder
09011141	Rob Cherry AB Grade

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India

Banking Relations :	--
Financial Institution :	Axis Trustee Services Limited, Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai - 400025, Maharashtra, India
Auditors :
Name :	Ashok Khasgiwala and Company Chartered Accountants
Address :	317, Chetak Centre, "Annex", R.N.T. Marg, Indore, Madhya Pradesh, India
PAN No.:	AACFA7732P
Holding Company :	Ruche Soya Industries Limited [L15140MH1986PLC038536]
Fellow Subsidiaries :	Ø Mrig Trading Private Limited Ø Gemini Edibles and Fats India Private Limited [U15205AP2008PTC058708] Ø Ruchi Industries Pte. Limited Ø Ruchi Ethiopia Holdings Limited Ø Ruchi Agri Plantation (Combodia) Pte Limited
Step-down subsidiary of Fellow Subsidiary Company:	Ø Ruchi Agri Plantation (Combodia) Pte Limited Ø Ruchi Agri PLC Ø Ruchi Agri Trading Pte Limited (Singapore) Ø Ruchi Agri SARL (Madgasker)
Entities where Key Management Personnel & their relatives of Key Management Personnel have significant Influence over the company:	Ø Aaradhya Buildtech Private Limited Ø Alison Builders and Construction Private Limited Ø Ankesh Resorts and Hotels Private Limited Ø Aparaa Biuldtech Private Limited Ø Arav Construction and Developers Private Limited Ø Archer Construction and Builders Private Limited Ø Aseem Infracon Private Limited Ø Avid Constructions Private Limited Ø Bright Star Buildtech Private Limited Ø Bright Star Housing Private Limited Ø Deepti Housing Private Limited Ø Deepti Properties Private Limited Ø Delite Ventures Private Limited Ø Great Eastern Infrastructure Corporation Private Limited Ø High Tech Realties Private Limited Ø I Farm Equity Advisors Private Limited Ø I Farm Venture Advisors Private Limited Ø Indian Oil Ruchi Biofuel LLP Ø Indivar Wellness Private Limited Ø Mahadeo Shahra Sukrut Trust Ø Mahakosh Amusement Private Limited Ø Mahaodeo Shahra and Sons Ø Mahaodeo Shahra and Sons Private Limited Ø Mangalore Liquid Impex Private Limited Ø Navaagat Infratech Private Limited Ø Navodit Infracon Private Limited Ø Neha Resorts and Hotels Private Limited Ø Neha Securities Private Limited Ø Nibodh Infradevelopers Private Limited Ø Nirvana Housing Private Limited Ø Nischit Intratech Private Limited Ø RSIL Benificiary Trust Ø Ruchi Marketrade Private Limited Ø Ruchi Bio-fuels Private Limited Ø Ruchi Corporation Limited Ø Ruchi Multitrade Private Limited Ø Ruchi Realty Private Limited Ø Sadashay Construction Private Limited Ø Saharsh Brokers Private Limited Ø Sakushal Buildtech Private Limited Ø Sanchit Buildtech Private Limited Ø Shahra Brothers Private Limited Ø Shahra Estate Private Limited Ø Shahra Sons Private Limited Ø Shalin Infratech Private Limited Ø Sharsha Infracon construction and Developers Private Limited Ø Shiva Foundation (Trust) Ø Soyumm Marketing Private Limited Ø Spectra Realties Private Limited Ø Suramya Infratech Private Limited Ø Vishal Warehousing Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
19000000	Equity Shares	Rs.10/- each	Rs.190.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
18940700	Equity Shares	Rs.10/- each	Rs.189.407 Millions

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		189.407	189.407	189.407
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		572.286	405.285	325.891
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		761.693	594.692	515.298
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		1828.311	3442.704	912.122
TOTAL BORROWING		1828.311	3442.704	912.122
DEFERRED TAX LIABILITIES		0.082	0.000	0.000
TOTAL		2590.086	4037.396	1427.420
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		11.088	0.373	0.430
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.050	0.050	0.127
DEFERREX TAX ASSETS		0.000	0.103	0.067
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	3550.425	2030.415	304.125
	Sundry Debtors	1664.471	3819.571	2712.855
	Cash & Bank Balances	1371.628	2030.148	969.384
	Other Current Assets	181.615	95.406	0.000
	Loans & Advances	481.715	185.904	653.101
Total Current Assets		7249.854	8161.444	4639.465
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	3092.912	4091.011	3067.128
	Other Current Liabilities	1565.997	33.415	44.357
	Provisions	11.997	0.148	101.499
Total Current Liabilities		4670.906	4124.574	3212.984
Net Current Assets		2578.948	4036.870	1426.481
MISCELLANEOUS EXPENSES		0.000	0.000	0.315
TOTAL		2590.086	4037.396	1427.420

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Revenue from operations	35355.899	17605.389	16581.023
		Other Income	203.770	155.937	25.605
		TOTAL (A)	35559.669	17761.326	16606.628
Less	EXPENSES
		Consumption materials changes inventories	272.911	179.719	16302.475
		Purchases of stock-in-trade	35547.861	18760.715	0.000
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	(1512.085)	(1726.290)	0.000
		Employee related expenses	8.194	4.803	5.572
		Manufacturing service costs	0.000	0.000	6.581
		Administrative selling other expenses	0.000	0.000	191.231
		Exceptional income expense, net	0.000	0.000	0.000
		Other Expenses	825.017	312.579	0.000
		TOTAL (B)	35141.898	17531.526	16505.859
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		417.771	229.800	100.769
Less	FINANCIAL EXPENSES (D)		170.606	106.169	0.000
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		247.165	123.631	100.769
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.135	0.164	0.221
	PROFIT BEFORE TAX (E-F) (G)		247.030	123.467	100.548
Less	TAX (H)		80.029	44.074	35.392
	PROFIT AFTER TAX (G-H) (I)		167.001	79.393	65.156
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		402.788	323.395	258.239
	BALANCE CARRIED TO THE B/S		569.789	402.788	323.395
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings			4636.191
		Other Earnings			4.497
	TOTAL EARNINGS		10086.500	3390.100	4640.688
	IMPORTS		NA	NA	8999.520
	Earnings Per Share (Rs.)		8.82	4.19	3.44

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	0.47	0.45	0.39
Net Profit Margin (PBT/Sales)	(%)	0.70	0.70	0.61
Return on Total Assets (PBT/Total Assets}	(%)	3.40	1.51	2.17
Return on Investment (ROI) (PBT/Networth)		0.32	0.21	0.20
Debt Equity Ratio (Total Debt/Networth)		2.40	5.79	1.77
Current Ratio (Current Asset/Current Liability)		1.55	1.98	1.44

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	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	----------------------
22]	Litigations that the firm / promoter involved in	----------------------
23]	Banking Details	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	Yes

UNSECURED LOAN DETAILS

Unsecured Loan	31.03.2012	31.03.2011
	(Rs. in Millions)
Rupee term loans unsecured
Rupee term loans banks unsecured	1828.311	3442.704
Total	1828.311	3442.704

NOTE

The registered office of the company has been shifted from 408, Tulsiani Chambers, Nariman Point, Mumbai – 400021, Maharashtra, India to the present address w.e.f.17.01.2011

OPERATIONS

During the year, the sales and other income of the Company has been recorded at Rs. 17760.562 Millions as against Rs. 16606.628 Millions in the previous financial year witnessing a growth of 6.95%. The Company recorded Profit after tax of Rs. 79.394 Millions as against Rs. 65.157 Millions in the previous financial year witnessing a healthy growth of 21.85%.

FORM 8

Corporate identity number of the company	U15499MH1996PLC100016
Name of the company	RUCHI WORLDWIDE LIMITED
Address of the registered office or of the principal place of business in India of the company	614, Tulsiani Chambers, Nariman Point, Mumbai – 400021, Maharashtra, India
This form is for	Creation of Charge
Type of charge	Immovable Property Book debts Floating charge
Particular of charge holder	Axis Trustee Services Limited
Nature of instrument creating charge	Deed of Mortgage cum Charge dated 13th August, 2012 attached herewith.
Date of instrument Creating the charge	13.08.2012
Amount secured by the charge	Rs.1200.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest As per duly accepted Sanction letters issued by the respective Member Banks. Terms of repayment As per duly accepted Sanction letters issued by the respective Member Banks. Margin As per duly accepted Sanction letters issued by the respective Member Banks. Extent and operation of the charge First pari passu Charge on entire Current assets of the Company and immovable property situated at Village Marol Maroshi, Taluka Andheri, District Mumbai is created in favour of Axis Trustee Services Limited acting as security trustee by execution of Deed of Mortgage cum Charge dated 13th August, 2012 to secure repayment of credit facilities of INR 12000.000 Millions granted by various lenders as described in Schedule A of said Deed.
Short particulars of the property charged (Including location of the property)	All present and future book debts, outstanding moneys receivable, claims and bills which are now due and owing or which may at any time during the continuance of this security becomes due and owing. All present and future stock in trade consisting of raw materials, finished goods, semi-finished goods, goods in process of manufacturing etc. Property being office premises no. 115,116,117,118,119 on Ground floor, admeasuring about 110.59 sq. mts, carpet area (approx 595 sq. ft.) (which is inclusive of area of balconies) in building known.. as "Orchard Road Mall Wing B" constructed on all that piece and parcel of land falling in No Development zone situated at Village Marol Maroshi, Taluka Andheri, District Mumbai and bearing Survey no. 169 (part) City Survey no. 1627 (part) admeasuring 240 Acres equivalent to 975272.50 sq. mts. or thereabouts.

FIXED ASSETS

Ø Buildings

Ø Office building

Ø Furniture and fixtures

Ø Office Equipment

Ø Other equipments

Ø Furniture and Fixture

Ø Vehicles

Ø Motor vehicles

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. 54.30
UK Pound	1	Rs. 82.88
Euro	1	Rs. 70.80

INFORMATION DETAILS

Report Prepared by :

BVA

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	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		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.