IRA INFORM REPORT

Report Date :

30.08.2013

IDENTIFICATION DETAILS

Name :	ACG INSPECTION SYSTEMS PRIVATE LIMITED (w.e.f. 18.08.2009)
Formerly Known As :	SITLA ESTATES PRIVATE LIMITED
Registered Office :	1001, Dalamal House, Nariman Point, Mumbai – 400021, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	13.05.2009
Com. Reg. No.:	11-192362
Capital Investment / Paid-up Capital :	Rs.10.000 Millions
CIN No.: [Company Identification No.]	U72300MH2009PTC192362
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Camera.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (54)

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

Maximum Credit Limit :	USD 370000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established company having a good track record. Financially company seems to be performing well. Liquidity position is good. There appears no external borrowing. Trade relations are reported to be fair. Business is active. Payments are reported to be regular and as per commitment. The company can be considered normal for business dealings at usual trade terms and condition.

NOTES :

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

ECGC Country Risk Classification List – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
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

We are living in a world where volatility and uncertainty have become the New Normal. We saw a change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once powerful countries in Europe are now fighting for bankruptcy. We have taken growth in the developing part of the world for granted but economic growth in China and India has begun to slow. Companies that were synonymous with their product categories just a few years ago are now no longer in existence. Kodak, the inventor of the digital camera had to wind up its operations, HMV, the British entertainment retailing company and Borders, once the second largest bookstore have shut down due to their inability to evolve their business models with the changing time. Readers’ Digest, Thomson Register are no more !

There is another megatrend happening. The World order is changing as economic power shifts from West to East. According to McKinsey study, it took Britain more than 100 years to double its economic output per person during its industrial revolution and the US later took more than 50 years to do the same. More than a century later, China and India have doubled their GDP per capital in 12 and 18 years respectively. By 2020, emerging Asia will become the world’s largest consuming block, overtaking North America.

The years after the outbreak of the global financial crisis, the world economy continues to remain fragile. The Indian economy demonstrated remarkable resilience in the initial years of the contagion but finally lost ground last year. GDP growth slowed down. Currency has been weakening. There is a marked deceleration in agriculture, industry and services. Dampening sentiment led to a cut-back in investment as well as private consumption expenditure.  Inflation remained at high levels fuelled by the pressure from the food and fuel sectors. The large fiscal and current account deficit s continued to cause grave concern. It is imperative that India regains its growth trajectory of 8-9 % sooner than later. This is crucially important given the need to create gainful livelihood opportunities for the millions living in poverty as also the large contingent of young people joining the job market every year.

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 :	1001, Dalamal House, Nariman Point, Mumbai – 400021, Maharashtra, India
Tel. No.:	91-22-22282557/ 22880461
Fax No.:	91-22-22880461
E-Mail :	Shabbir.patel@acg-world.com
Head Office:	7, Jogeshwari West, Prabaht Nagar, Jogeshwari (West), Mumbai – 400102, Maharashtra, India

DIRECTORS

As on 24.06.2013

Name :

Mr. Karan Singh

Designation :

Managing Director

Address :

2-B, Swapnalok, Nepeansea Road, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

23.07.1979

Date of Appointment :

1.11.2012

DIN No.:

00901342

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	U01110MH1971GAP015467	SCI-TECH CENTRE	Director	01/01/2005	01/01/2005	-	Active	NO
2	U24239MH1961PTC012061	ACG ASSOCIATED CAPSULES PRIVATE LIMITED	Director	01/04/2005	01/04/2005	-	Active	NO
3	U27299MH1987PTC044041	ACG PAMPAC MACHINES PRIVATE LIMITED	Managing director	01/11/2012	25/11/2005	-	Active	NO
4	U24239MH1972PTC015632	ACG PAM PHARMA TECHNOLOGIES PRIVATE LIMITED	Managing director	01/11/2012	25/11/2005	-	Active	NO
5	U45402PN1992PLC065521	M-TECH INNOVATIONS LIMITED	Nominee director	24/09/2007	24/09/2007	-	Active	NO
6	U72300MH2009PTC192362	ACG INSPECTION SYSTEMS PRIVATE LIMITED	Managing director	01/11/2012	30/07/2009	-	Active	NO
7	U45200MH2004PTC149770	ACG PHARMAPACK PRIVATE LIMITED	Additional director	01/11/2012	01/11/2012	-	Active	NO
8	U29100MH1972PTC016053	ACG AJAS COMPONENTS PRIVATE LIMITED	Director	01/11/2012	01/11/2012	-	Active	NO
9	U29251MH1996PTC104558	PAM-GLATT PHARMA TECHNOLOGIES PRIVATE LIMITED	Additional director	01/04/2013	01/04/2013	-	Active	NO

Name :

Mr. Unnamalai Nagarajah

Designation :

Whole time Director

Date of Birth/Age :

23.11.1965

Date of Appointment :

01.11.2012

DIN No.:

06406163

Name :

Mr. Ajit Singh

Designation :

Director

Address :

1-A, Brighton, Rughta Lane, Nepeansea Road, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

20.11.1941

Date of Appointment :

01.11.2012

DIN No.:

00915347

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	U29100MH1972PTC016053	ACG AJAS COMPONENTS PRIVATE LIMITED	Director	17/10/2012	07/10/1972	-	Active	NO
2	U01110MH1971GAP015467	SCI-TECH CENTRE	Director	15/03/1974	15/03/1974	-	Active	NO
3	U73100MH1981ULT023930	EMELL AUDHOWAGIK SAMSHODHAN NIGAM PRIVATE LIMITED	Director	28/02/1981	28/02/1981	-	Strike off	NO
4	U24235MH1988PTC048924	CUSTOM CAPSULES PRIVATE LIMITED	Director	23/09/1988	23/09/1988	-	Active	NO
5	U27299MH1987PTC044041	ACG PAMPAC MACHINES PRIVATE LIMITED	Director	17/10/2012	01/11/1988	-	Active	NO
6	U24239MH1972PTC015632	ACG PAM PHARMA TECHNOLOGIES PRIVATE LIMITED	Director	17/10/2012	01/11/1988	-	Active	NO
7	U74120MH1983NPL031696	AJAS AGROVET FOUNDATION	Director	01/04/1994	01/04/1994	-	Active	NO
8	U29251MH1996PTC104558	PAM-GLATT PHARMA TECHNOLOGIES PRIVATE LIMITED	Director	17/12/1996	17/12/1996	-	Active	NO
9	U24239MH1983PTC031336	ACG ARTS AND PROPERTIES PRIVATE LIMITED	Director	28/09/1999	28/09/1999	-	Active	NO
10	U28129MH2003PTC139916	PACKSHIELD INDIA PRIVATE LIMITED	Director	07/04/2003	07/04/2003	-	Active	NO
11	U45200MH2004PTC149770	ACG PHARMAPACK PRIVATE LIMITED	Director	17/10/2012	01/12/2004	-	Active	NO
12	U45200MH1994PTC077466	ACG REAL ESTATE PRIVATE LIMITED	Director	11/03/2005	11/03/2005	-	Active	NO
13	U24239MH1961PTC012061	ACG ASSOCIATED CAPSULES PRIVATE LIMITED	Whole-time director	01/04/2005	01/04/2005	-	Active	NO
14	U91120MH1965GAP013389	ORGANISATION OF PHARMACEUTICAL PRODUCERS OF INDIA	Director	23/09/2006	23/09/2006	31/03/2013	Active	NO
15	U72200GJ2008PTC055122	VIZTEK TECHNOLOGIES PRIVATE LIMITED	Director	26/09/2008	26/09/2008	21/07/2009	Active	NO
16	U29219MH2009PTC190634	PAM INDTECH MACHINES PRIVATE LIMITED	Director	25/03/2009	25/03/2009	-	Active	NO
17	U72300MH2009PTC192362	ACG INSPECTION SYSTEMS PRIVATE LIMITED	Director	01/11/2012	22/06/2009	-	Active	NO
18	U74999MH2008NPL185159	INTERNATIONAL WINE AND FOOD SOCIETY	Director	01/08/2009	01/08/2009	-	Active	NO
19	U29268MH2009PTC196714	ACG KORSCH COMPRESSION TECHNOLOGIES PRIVATE LIMITED	Director	28/10/2009	28/10/2009	-	Strike off	NO
20	U70109MH2010PTC199305	EVITA ESTATES PRIVATE LIMITED	Director	12/04/2010	12/04/2010	-	Active	NO
21	U70102MH2010PTC198368	ORIND ESTATES PRIVATE LIMITED	Director	12/04/2010	12/04/2010	-	Active	NO
22	U51909MH2010PTC201509	ADHIKAR TRADING PRIVATE LIMITED	Director	12/05/2010	12/05/2010	-	Active	NO
23	U51909MH2010PTC202502	JEET MERCANTILE PRIVATE LIMITED	Director	14/05/2010	14/05/2010	-	Active	NO
24	U74210MH2010PTC204129	ACG METALCRAFTS PRIVATE LIMITED	Director	26/07/2010	26/07/2010	-	Active	NO
25	AAA-1357	ACG VALUE LINKS LLP	Body corporate as Designated Partner	18/05/2010	18/05/2010	-	Active	NO

Name :

Mr. Harpal Singh

Designation :

Director

Address :

D- 604, Sector – 61, Krishna Apra Residency, Noida – 201301, Uttar Pradesh, India

Date of Birth/Age :

15.08.1973

Date of Appointment :

12.10.2009

DIN No.:

01918756

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	U72200CT2008PTC020513	ANKYRA SYSTEMS PRIVATE LIMITED	Director	09/01/2008	09/01/2008	-	Active	NO
2	U72300MH2009PTC192362	ACG INSPECTION SYSTEMS PRIVATE LIMITED	Director	12/10/2009	12/10/2009	-	Active	NO

Name :

Mr. Mukund Krishna Shridharan

Designation :

Director

Address :

285, Niligiri Apartments, Alaknanda, Delhi – 110019, India

Date of Birth/Age :

16.06.1974

Date of Appointment :

12.10.2009

DIN No.:

01401839

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	U29120DL2005PTC141114	NEOMETRIX ENGINEERING PRIVATE LIMITED	Director	23/09/2005	23/09/2005	24/08/2007	Active	NO
2	U72200CT2008PTC020513	ANKYRA SYSTEMS PRIVATE LIMITED	Director	09/01/2008	09/01/2008	-	Active	NO
3	U72300MH2009PTC192362	ACG INSPECTION SYSTEMS PRIVATE LIMITED	Director	12/10/2009	12/10/2009	-	Active	NO

Name :

Mr. Jasjit Singh

Designation :

Director

Address :

2-B, Swapnalok, Nepeansea Road, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

03.04.1943

Date of Appointment :

22.06.2009

DIN No.:

00901470

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	U29100MH1972PTC016053	ACG AJAS COMPONENTS PRIVATE LIMITED	Managing director	01/11/2012	07/10/1972	-	Active	NO
2	U24239MH1972PTC015632	ACG PAM PHARMA TECHNOLOGIES PRIVATE LIMITED	Director	02/12/1972	02/12/1972	-	Active	NO
3	U01110MH1971GAP015467	SCI-TECH CENTRE	Director	12/07/1976	12/07/1976	-	Active	NO
4	U73100MH1981ULT023930	EMELL AUDHOWAGIK SAMSHODHAN NIGAM PRIVATE LIMITED	Director	28/02/1981	28/02/1981	-	Strike off	NO
5	U74120MH1983NPL031696	AJAS AGROVET FOUNDATION	Director	29/12/1983	29/12/1983	-	Active	NO
6	U27299MH1987PTC044041	ACG PAMPAC MACHINES PRIVATE LIMITED	Director	09/07/1987	09/07/1987	-	Active	NO
7	U24235MH1988PTC048924	CUSTOM CAPSULES PRIVATE LIMITED	Director	23/09/1988	23/09/1988	-	Active	NO
8	U29251MH1996PTC104558	PAM-GLATT PHARMA TECHNOLOGIES PRIVATE LIMITED	Director	17/12/1996	17/12/1996	-	Active	NO
9	U24239MH1983PTC031336	ACG ARTS AND PROPERTIES PRIVATE LIMITED	Director	01/10/1998	01/10/1998	-	Active	NO
10	U28129MH2003PTC139916	PACKSHIELD INDIA PRIVATE LIMITED	Director	07/04/2003	07/04/2003	-	Active	NO
11	U45200MH2004PTC149770	ACG PHARMAPACK PRIVATE LIMITED	Managing director	01/11/2012	01/12/2004	-	Active	NO
12	U45200MH1994PTC077466	ACG REAL ESTATE PRIVATE LIMITED	Director	11/03/2005	11/03/2005	-	Active	NO
13	U24239MH1961PTC012061	ACG ASSOCIATED CAPSULES PRIVATE LIMITED	Managing director	01/04/2005	01/04/2005	-	Active	NO
14	U72200GJ2008PTC055122	VIZTEK TECHNOLOGIES PRIVATE LIMITED	Director	26/09/2008	26/09/2008	21/07/2009	Active	NO
15	U29219MH2009PTC190634	PAM INDTECH MACHINES PRIVATE LIMITED	Director	25/03/2009	25/03/2009	-	Active	NO
16	U72300MH2009PTC192362	ACG INSPECTION SYSTEMS PRIVATE LIMITED	Director	22/06/2009	22/06/2009	-	Active	NO
17	U29268MH2009PTC196714	ACG KORSCH COMPRESSION TECHNOLOGIES PRIVATE LIMITED	Director	28/10/2009	28/10/2009	-	Strike off	NO
18	U70109MH2010PTC199305	EVITA ESTATES PRIVATE LIMITED	Director	12/04/2010	12/04/2010	-	Active	NO
19	U70102MH2010PTC198368	ORIND ESTATES PRIVATE LIMITED	Director	12/04/2010	12/04/2010	-	Active	NO
20	U51909MH2010PTC201509	ADHIKAR TRADING PRIVATE LIMITED	Director	12/05/2010	12/05/2010	-	Active	NO
21	U51909MH2010PTC202502	JEET MERCANTILE PRIVATE LIMITED	Director	14/05/2010	14/05/2010	-	Active	NO
22	U74210MH2010PTC204129	ACG METALCRAFTS PRIVATE LIMITED	Director	26/07/2010	26/07/2010	-	Active	NO
23	U91990MH2010NPL211312	W P ORGANISATION (MUMBAI CHAPTER)	Director	23/12/2010	23/12/2010	10/01/2011	Active	NO
24	AAA-1357	ACG VALUE LINKS LLP	Body corporate as Designated Partner	18/05/2010	18/05/2010	-	Active	NO

KEY EXECUTIVES

Name :	Java Sharma and Associates
Designation :	Practicing Company Secretaries
Address :	1 Vishal Apartment, Saibaba Park Evershine Nagar, Malad (West), Mumbai – 400064, Maharashtra, India
Tel No.:	91-22-2881835
Fax No.:	91-22-2881835
Email:	jaya@jsa-cs.com jaya.jscs@gmail.com
Website:	www.jsa-cs.com

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 24.06.2013

Names of Shareholders	No. of Shares
Ajit Daljit Singh	283367
Jasjit Daljit Singh	283367
Karan Jasjit Singh	283366
Harpal Singh	74950
Mukund Krishna Shridharan	74950
Total	1000000

Equity Share Break up (Percentage of Total Equity)

As on 24.06.2013

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Camera.

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	State Bank of India

Banking Relations :
Auditors :
Name :	B.K. Khare and Company Chartered Accountants
Address :	706/708, Sharda Chambers, New Marine Lines, Mumbai – 400020, Maharashtra, India
Tel. No.:	91-22-22000607/7318/6360
Fax No.:	91-22-22003476
E-Mail :	info@bkkareco.com
PAN N Income-tax PAN of auditor or auditor's firm :	AAAFB0265E

CAPITAL STRUCTURE

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs. 10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs. 10.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	10.000	10.000	10.000
(b) Reserves & Surplus	82.322	50.566	29.266
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	92.322	60.566	39.266
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	4.080	2.686	1.604
Total Non-current Liabilities (3)	4.080	2.686	1.604
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	15.056	17.128	11.679
(c) Other current liabilities	15.843	10.636	7.724
(d) Short-term provisions	29.205	14.704	3.817
Total Current Liabilities (4)	60.104	42.468	23.220
TOTAL	156.506	105.720	64.090
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	9.927	10.637	7.548
(ii) Intangible Assets	0.427	1.984	4.218
(iii) Capital work-in-progress	0.250	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	2.587	2.747	0.663
(d) Long-term Loan and Advances	0.462	1.002	0.952
(e) Other Non-current assets	0.093	1.260	0.000
Total Non-Current Assets	13.746	17.630	13.381
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	12.291	9.171	7.794
(c) Trade receivables	36.464	33.072	24.903
(d) Cash and cash equivalents	84.860	36.696	13.787
(e) Short-term loans and advances	7.587	9.083	2.162
(f) Other current assets	1.558	0.068	2.063
Total Current Assets	142.760	88.090	50.709
TOTAL	156.506	105.720	64.090

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	280.851	237.255	175.842
		Other Income	3.627	0.883	0.180
		TOTAL (A)	284.478	238.138	176.022
Less	EXPENSES
		Cost of material and components consumed	92.764	95.421	68.280
		Changes in inventories of finished goods and work-in-progress	0.389	(2.763)	(0.965)
		Employees benefits expenses	44.213	35.504	21.428
		Other expenses	79.488	65.952	39.280
		TOTAL (B)	216.854	194.114	128.023
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		67.624	44.024	47.999
Less	FINANCIAL EXPENSES (D)		0.000	0.062	0.055
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		67.624	43.962	47.944
Less/ Add	DEPRECIATION/ AMORTISATION (F)		3.590	4.127	3.239
	PROFIT BEFORE TAX (E-F) (G)		64.034	39.835	44.705
Less	TAX (H)		11.060	3.931	10.918
	PROFIT AFTER TAX (G-H) (I)		52.974	35.904	33.787
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		42.135	24.535	3.922
Less	APPROPRIATIONS
		Interim Dividend – Paid	0.000	4.895	5.796
		Final Dividend - Proposed	18.256	7.671	2.339
		Corporate Dividend Tax	2.962	2.038	1.339
		Transferred to general reserve	5.300	3.700	3.700
	BALANCE CARRIED TO THE B/S		68.591	42.135	24.535
	EARNINGS IN FOREIGN CURRENCY
		Export Sales	30.472	12.454	2.541
	IMPORTS
		Raw Materials and bought out components	29.686	18.321	12.649
	Earnings Per Share (Rs.)		52.97	35.90	NA

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	18.62	15.08	19.19
Net Profit Margin (PBT/Sales)	(%)	22.80	16.79	25.42
Return on Total Assets (PBT/Total Assets}	(%)	41.67	38.68	70.48
Return on Investment (ROI) (PBT/Networth)		0.69	0.66	1.14
Debt Equity Ratio (Total Debt /Networth)		0.00	0.00	0.00
Current Ratio (Current Asset/Current Liability)		2.38	2.07	2.18

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	No
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

NOTE:

· Registered office of the company has been shifted from 303, Maker Chmbers V, Nariman Point, Mumbai – 400021, Maharashtra, India to the present address w.e.f 22.06.2009

· No Charges Exist for Company

REVIEW OF PERFORMANCE

During the year, the Company’s made further strides on exports front. the Company’s thrust on reports will continue with a view to ensure sustained growth.

CONTINGENT LIABILITIES:

Performance Bank Guarantees issued by blank on behalf of the Company Rs.2.983 Millions (Previous year Rs. 2.759 Millions) all the guarantees are against 100% margin of corresponding fixed deposit with the bank

FIXED ASSETS

Tangible Assets

· Plant and Machinery

· Furniture and Fittings

· Vehicle

· Office Equipments

· Computers

Intangible Assets

· Software

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.67.71
UK Pound	1	Rs.105.14
Euro	1	Rs.90.03

INFORMATION DETAILS

Report Prepared by :

KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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		54

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.