MIRA INFORM REPORT

Report Date :

12.01.2013

IDENTIFICATION DETAILS

Name :	JASMINE BUILDMART PRIVATE LIMITED
Registered Office :	406, 4^th Floor, Elegance Tower 8, Jasola District Centre, New Delhi-110025
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	30.04.2010
Com. Reg. No.:	55-202195
Capital Investment / Paid-up Capital :	Rs.1.000 Million
CIN No.: [Company Identification No.]	U45400DL2010PTC202195
TAN No.: [Tax Deduction & Collection Account No.]	DELJ08451C
PAN No.: [Permanent Account No.]	AACCJ5119L
Legal Form :	Private Limited Liability Company
Line of Business :	Real Estate Developers.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 42000
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Even though the company was incorporated in April 2010, they started their business activities from 2^nd Quarter of 2011. The management has failed to file its financial with the government department for the year 2012 and denied to disclose any financial information. 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

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

RBI 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 DECLINED BY

Name :	Mr. Sanjeev
Designation :	Accounts Department
Contact No.:	91-9310819767
Date :	11.01.2013

LOCATIONS

Registered Office :	406, 4^th Floor, Elegance Tower 8, Jasola District Centre, New Delhi-110025, India
Tel. No.:	91-11-40666767
Mobile No.:	91-9310819767 [Mr. Sanjeev]
Fax No.:	91-11-40666700
E-Mail :	krrishinfra@yahoo.com info@thekrrishgroup.com
Gurgaon Office :	Unit No. 1006 and 1007, Tower C, 10^th Floor, Unitech Cyber Park, Sector 39, Gurgaon-122001, Haryana, India
Tel. No.:	91-124-4998250
Fax No.:	91-124-4998251

DIRECTORS

AS ON 28.09.2011

Name :

Mr. Amit Katyal

Designation :

Director

Address :

C-654, New Friends Colony, New Delhi-110065, India

Date of Birth/Age :

15.08.1974

Date of Appointment :

28.09.2011

Din No.:

00156075

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	U74899DL1994PLC060552	ICEBERG INDUSTRIES LTD	Whole-time director	29/07/1994	29/07/1994	23/06/2011	Amalgamated	NO
2	U74899DL1994PLC061522	TEE KAY FINVEST LIMITED	Director	15/09/1994	15/09/1994	-	Active	NO
3	U15541DL1983PLC016632	FROST FALCON DISTILLERIES LIMITED	Whole-time director	01/04/2012	28/09/1995	-	Active	NO
4	U85110DL2000PTC105219	IN-SHAPE HEALTH AND RESORTS PRIVATE LIMITED	Director	13/04/2000	13/04/2000	-	Active	YES
5	U55101DL2004PLC129406	ICEBERG HOTELS AND RESORTS LIMITED	Director	24/09/2004	24/09/2004	-	Active	NO
6	U72300DL2006PTC154494	AK INFOSYSTEMS PRIVATE LIMITED	Director	28/09/2006	28/09/2006	-	Active	NO
7	U74996DL2006PLC153328	TRIANGLE TRADING LIMITED	Director	29/09/2007	01/10/2006	-	Active	NO
8	U52520DL2006PTC154248	ICEBERG TRADING PRIVATE LIMITED	Director	05/10/2006	05/10/2006	-	Active	NO
9	U40101DL2006PTC155676	ICEBERG POWER SOLUTIONS PRIVATE LIMITED	Director	20/11/2006	20/11/2006	-	Active	NO
10	U45200DL2006PTC155829	FROST FALCON DEVELOPERS PRIVATE LIMITED	Director	23/11/2006	23/11/2006	-	Active	NO
11	U55101DL2007PTC158295	FROST FALCON HOTELS PRIVATE LIMITED	Director	23/01/2007	23/01/2007	-	Active	NO
12	U45400DL2008PTC175170	KRRISH INFRASTRUCTURE PRIVATE LIMITED	Director	11/03/2008	11/03/2008	-	Active	NO
13	U45400DL2008PTC175331	BRAHMA CITY PRIVATE LIMITED	Director	13/03/2008	13/03/2008	-	Active	NO
14	U74999DL2008PTC175326	ICEBERG DISTILLERIES PRIVATE LIMITED	Director	13/03/2008	13/03/2008	-	Active	NO
15	U85110DL2008PTC183573	RIDGE HEALTHCARE PRIVATE LIMITED	Director	22/09/2008	22/09/2008	31/03/2010	Active	NO
16	U92100DL2009PTC195706	ABW ENTERTAINMENT PRIVATE LIMITED	Director	04/11/2009	04/11/2009	02/07/2012	Active	NO
17	U74140DL2010PTC198091	ASHV ALCOHOLS PRIVATE LIMITED	Director	18/01/2010	18/01/2010	-	Active	NO
18	U15122DL2010PTC197978	BRAHMA BEVERAGES PRIVATE LIMITED	Director	01/09/2010	28/01/2010	-	Active	NO
19	U15531DL1997FTC086408	MOLSON COORS COBRA INDIA PRIVATE LIMITED	Director	02/02/2010	02/02/2010	23/06/2011	Active	NO
20	U74900DL2009PTC194075	B.J. RAIL INFRA PRIVATE LIMITED	Director	03/02/2010	03/02/2010	-	Active	NO
21	U40107DL2010PTC198659	KRRISH ENERGY SOLUTIONS PRIVATE LIMITED	Director	03/02/2010	03/02/2010	-	Active	NO
22	U45400DL2010PTC198687	KRRISH AASHIYANA PRIVATE LIMITED	Director	04/02/2010	04/02/2010	-	Active	NO
23	U74999DL2010PTC199536	KRRISH LANDSCAPERS PRIVATE LIMITED	Director	25/02/2010	25/02/2010	-	Active	NO
24	U70101DL2010PTC199517	KRRISH INFRANIRMAN PRIVATE LIMITED	Director	25/02/2010	25/02/2010	-	Active	NO
25	U70102DL2010PTC198030	BRAHMA INFRASTRUCTURE DEVELOPMENT PRIVATE LIMITED	Additional director	11/03/2010	11/03/2010	25/03/2011	Active	NO
26	U45201DL2005PTC142112	ARNAV BUILDWELL PRIVATE LIMITED	Additional director	24/03/2010	24/03/2010	-	Active	NO
27	U70101DL2010PTC197982	KRRISH GREENHOMES PRIVATE LIMITED	Director	02/09/2010	30/04/2010	-	Active	NO
28	U45400DL2010PTC203693	KRRISH REALTYNIRMAN PRIVATE LIMITED	Director	05/06/2010	05/06/2010	-	Active	NO
29	U70200DL2010PTC203692	KRRISH REALTECH PRIVATE LIMITED	Director	05/06/2010	05/06/2010	-	Active	NO
30	U55101DL2010PTC205646	KRRISH HOSPITALITY PRIVATE LIMITED	Director	12/07/2010	12/07/2010	-	Active	NO
31	U55101DL2010PTC205976	KRRISH SHALIMAR PROJECTS PRIVATE LIMITED	Director	16/07/2010	16/07/2010	-	Active	NO
32	U45400DL2010PTC206666	FROST FALCON CONSTRUCTIONS PRIVATE LIMITED	Director	04/08/2010	04/08/2010	-	Active	NO
33	U45201DL1996PTC081045	B N PROMOTERS PRIVATE LIMITED	Director	24/08/2010	24/08/2010	20/12/2012	Active	NO
34	U15500DL2010PTC206949	TIGRE BLANC PRIVATE LIMITED	Additional director	20/09/2010	20/09/2010	-	Active	NO
35	U45400DL2010PTC202195	JASMINE BUILDMART PRIVATE LIMITED	Director	28/09/2011	03/01/2011	-	Active	NO

Name :

Mr. Rajesh Katyal

Designation :

Director

Address :

C-654, New Friends Colony, New Delhi-110065, India

Date of Birth/Age :

27.02.1971

Date of Appointment :

28.09.2011

Din No.:

00155974

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	U74899DL1994PLC060552	ICEBERG INDUSTRIES LTD	Whole-time director	29/07/1994	29/07/1994	15/03/2008	Amalgamated	NO
2	U74899DL1994PLC061522	TEE KAY FINVEST LIMITED	Director	15/09/1994	15/09/1994	-	Active	NO
3	U15541DL1983PLC016632	FROST FALCON DISTILLERIES LIMITED	Whole-time director	01/04/2012	01/04/1996	-	Active	NO
4	U85110DL2000PTC105219	IN-SHAPE HEALTH AND RESORTS PRIVATE LIMITED	Director	18/04/2004	18/04/2004	-	Active	YES
5	U55101DL2004PLC129406	ICEBERG HOTELS AND RESORTS LIMITED	Director	24/09/2004	24/09/2004	-	Active	NO
6	U72300DL2006PTC154494	AK INFOSYSTEMS PRIVATE LIMITED	Director	28/09/2006	28/09/2006	01/08/2008	Active	NO
7	U74996DL2006PLC153328	TRIANGLE TRADING LIMITED	Director	29/09/2007	01/10/2006	-	Active	NO
8	U52520DL2006PTC154248	ICEBERG TRADING PRIVATE LIMITED	Director	05/10/2006	05/10/2006	-	Active	NO
9	U40101DL2006PTC155676	ICEBERG POWER SOLUTIONS PRIVATE LIMITED	Director	20/11/2006	20/11/2006	-	Active	NO
10	U45200DL2006PTC155829	FROST FALCON DEVELOPERS PRIVATE LIMITED	Director	23/11/2006	23/11/2006	-	Active	NO
11	U55101DL2007PTC158295	FROST FALCON HOTELS PRIVATE LIMITED	Additional director	07/08/2010	23/01/2007	-	Active	NO
12	U45400DL2010PTC206666	FROST FALCON CONSTRUCTIONS PRIVATE LIMITED	Director	04/08/2010	04/08/2010	-	Active	NO
13	U45201DL1996PTC081045	B N PROMOTERS PRIVATE LIMITED	Director	24/08/2010	24/08/2010	19/04/2011	Active	NO
14	U55101DL2010PTC205646	KRRISH HOSPITALITY PRIVATE LIMITED	Additional director	02/09/2010	02/09/2010	-	Active	NO
15	U45400DL2010PTC202195	JASMINE BUILDMART PRIVATE LIMITED	Director	28/09/2011	11/01/2011	-	Active	NO

Name :

Mr. Satish Kumar Seth

Designation :

Director

Address :

1216, Pocket I, Sector C, Vasant Kunj, New Delhi-110070, India

Date of Birth/Age :

30.03.1955

Date of Appointment :

28.09.2011

Din No.:

01769534

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	U74899DL2004PLC130270	SOM TOBACCO INDIA LIMITED	Director	01/02/2005	01/02/2005	-	Active	NO
2	U16009DL2007PLC157582	SOM SUGANDH INDUSTRIES LIMITED	Director	31/08/2007	31/08/2007	-	Active	NO
3	U70101DL2010PTC197982	KRRISH GREENHOMES PRIVATE LIMITED	Director	02/12/2010	02/12/2010	-	Active	NO
4	U45400DL2010PTC202195	JASMINE BUILDMART PRIVATE LIMITED	Director	28/09/2011	13/01/2011	-	Active	NO
5	U45400DL2008PTC175331	BRAHMA CITY PRIVATE LIMITED	Additional director	17/05/2011	17/05/2011	09/08/2012	Active	NO
6	U27107DL1973PLC210670	SYNERGY STEELS LIMITED	Director	29/09/2012	28/11/2011	-	Active	NO
7	U70200DL2010PTC203692	KRRISH REALTECH PRIVATE LIMITED	Additional director	26/12/2011	26/12/2011	-	Active	NO
8	U45400DL2010PTC203693	KRRISH REALTYNIRMAN PRIVATE LIMITED	Director	21/09/2012	22/05/2012	-	Active	NO
9	U51909WB2010PTC149011	WRINKLE TRADECOMM PRIVATE LIMITED	Director	03/10/2012	03/10/2012	05/11/2012	Active	NO
10	U51909WB2009PTC132993	CHIN PURNI SALES PRIVATE LIMITED	Director	03/10/2012	03/10/2012	05/11/2012	Active	NO
11	U74120WB2010PTC149779	KAMALKUNJ INVESTMENT CONSULTANTS PRIVATE LIMITED	Director	05/10/2012	05/10/2012	05/11/2012	Active	NO
12	U45201DL2005PTC138574	RAJ BUILDMART PRIVATE LIMITED	Additional director	31/12/2012	31/12/2012	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Sanjeev
Designation :	Accounts Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 28.09.2011

Names of Shareholders	No. of Shares
Amit Katyal	99000
Deepali Katyal	1000
TOTAL	100000

AS ON 28.09.2011

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00

BUSINESS DETAILS

Line of Business :

Real Estate Developers.

GENERAL INFORMATION

No. of Employees :	Not Divulged
Bankers :	Punjab National Bank, Mid-Corporate Branch, A-9, Connaught Place, New Delhi-110001, India
Facilities :	--

Banking Relations :	--
Auditors :
Name :	Mukesh Mittal and Company Chartered Accountants
Address :	18/12, W.E.A. Arya Samaj Road, Pusa Lane, Karol Bagh, New Delhi-110005, India
PAN No:	AAAPM5627R
Associates/Subsidiaries :	· Krrish Green Homes Private Limited [U70101DL2010PTC197982] · Iceberg Trading Private Limited · Krrish Realtech Private Limited · Krrish Motels Private Limited · Krrish Infrastructure Private Limited · Krrish Realtynirman Private Limited · Frost Falcon Developers Private Limited · Krrish Buildtech Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.10/- each	Rs.1.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.10/- each	Rs.1.000 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011
SHAREHOLDERS FUNDS
1] Share Capital		1.000
2] Share Application Money		10.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		(0.318)
NETWORTH		10.682
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		689.890
TOTAL BORROWING		689.890
DEFERRED TAX LIABILITIES		0.000
TOTAL		700.572
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.000
Capital work-in-progress		767.753
INVESTMENT		10.100
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	0.000
	Cash & Bank Balances	0.120
	Other Current Assets	0.000
	Loans & Advances	41.726
Total Current Assets		41.846
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	3.554
	Other Current Liabilities	115.468
	Provisions	0.124
Total Current Liabilities		119.146
Net Current Assets		(77.300)
MISCELLANEOUS EXPENSES		0.019
TOTAL		700.572

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011
	SALES
		Income	0.000
		Other Income	0.000
		TOTAL	0.000
Less	EXPENSES
		Selling, Administration and Other Expenses	0.290
		Employees Cost	0.028
		TOTAL	0.318
	PROFIT / (LOSS) BEFORE TAX		(0.318)
Less	TAX		0.000
	PROFIT / (LOSS) AFTER TAX		(0.318)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		0.000
	BALANCE CARRIED TO THE B/S		(0.318)
	Earnings / (Loss) Per Share (Rs.)		(3.18)

KEY RATIOS

PARTICULARS		31.03.2011
PAT / Total Income	(%)	0.00
Net Profit Margin (PBT/Sales)	(%)	0.00
Return on Total Assets (PBT/Total Assets}	(%)	(0.75)
Return on Investment (ROI) (PBT/Networth)		(0.03)
Debt Equity Ratio (Total Liability/Networth)		75.74
Current Ratio (Current Asset/Current Liability)		0.35

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	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	No
12]	Profitability for one year	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	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	No
30]	Major Shareholders, if available	Yes
31]	PAN of Proprietor/Partner/Director, if available	No
32]	Date of Birth of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

NOTE:

The registered office of the company has been shifted from E-5/1, Third Floor, Malviya Nagar, New Delhi-110017, India to the present address w.e.f. 01.05.2010.

Unsecured Loan	As on 31.03.2011 [Rs. in Millions]
Loans From Companies under same management	443.345
Inter Corporate Deposits	198.262
Loan From Directors	48.283
TOTAL	689.890

OPERATIONS:

The directors are expecting that the results in future will be much better with the commencement of operations; the directors expect that the company would earn good profits in the near future.

BANKERS CHARGES REPORT AS PER REGISTRY

This form is for	Modification of charge
Charge identification number of the modified	10355547
Corporate identity number of the company	U45400DL2010PTC202195
Name of the company	JASMINE BUILDMART PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	406, 4^th Floor, Elegance Tower 8, Jasola District Centre, New Delhi-110025, India
Type of charge	Others
Particular of charge holder	Punjab National Bank, Mid-Corporate Branch, A-9, Connaught Place, New Delhi-110001, India Email: goyalvinodkumar@gmail.com
Nature of description of the instrument creating or modifying the charge	Escrow Account Agreement
Date of instrument Creating the charge	26.06.2012
Amount secured by the charge	Rs.750.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest As per Bank Norms. Subject to change from time to time. Terms of Repayment On Demand Margin As per Bank Norms. Extent and Operation of the charge Full charge 100%
Short particulars of the property charged	Escrow Account As per Agreement
Particulars of the present modification	Fresh Escrow Account Other terms and conditions remain same.

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.54.54
UK Pound	1	Rs.88.05
Euro	1	Rs.72.29

INFORMATION DETAILS

Information Gathered by :	PDT
Report Prepared by :	TPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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
TOTAL		27

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.