MIRA INFORM REPORT

Report Date :

14.01.2013

IDENTIFICATION DETAILS

Name :	MMP FILTRATION PRIVATE LIMITED
Registered Office :	22, Madan Mohan Talla Street, Kolkata- 700005, West Bengal
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	11.04.2003
Com. Reg. No.:	21- 96050
CIN No.: [Company Identification No.]	U29197WB2003PTC096050
IEC No.:	0203003136
TAN No.: [Tax Deduction & Collection Account No.]	MUMM21895G
PAN No.: [Permanent Account No.]	AAABCM4694A
Legal Form :	Private limited liability company
Line of Business :	Manufacturer of Filter Cartridge, Liquid Filtration, Mold Cartridge, Air Filtration.
No. of Employees :	Not Available

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 150000
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a well established company having moderate track record. The management have failed to file its latest financial with the government department. As per previous year’s, the profitability of the company appears to be low and the external borrowing appears to be large. However, trade relations are reported to be fair. Business is active. Payments are reported to be 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.

LOCATIONS

Registered Office :	22, Madan Mohan Talla Street, Kolkata- 700005, West Bengal, India
Tel. No.:	91-33-25542881 /25333171/ 172/ 173
Fax No.:	91-33-25337739
E-Mail :	gk.sons@hotmail.com sales@mmpfilter.com eros@erosfashion.com aray@mmpfilter.com
Branch Office 1 :	707, Sagar Tech Plaza-B Andheri-Kurla Road, Sakinaka, Andheri(E), Mumbai-400072., Maharashtra, India
Tel. No.:	91-22-28516943
Fax No.:	91-22-28516922
Branch Office 2 :	504, Mohan Tower-1, Wazirpur Commercial Complex, Ring Road, New Delhi-110052, India
Tel. No.:	91-11-47022768
Branch Office 3 :	C3-602, Anushruti Tower, Near Jain Derasar, , S.G.Road, Thaltej, Ahmedabad-380059, India
Tel. No.:	91-79-26858031
Fax No.:	91-79-26858033

DIRECTORS

Name :	Mr. Laxmi Kant Todi
Designation :	Managing Director
Address :	22, Madan Mohan Talla Street, Kolkata- 700005, West Bengal, India
Date of Birth/Age :	07.04.1953
Date of Appointment :	11.04.2003
DIN No :	00029192

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	U51909WB1994PTC064595	CALCUTTA VINCOM PRIVATE.LIMITED.	Director	07/11/1994	07/11/1994	-	Active	NO
2	U51909WB1995PTC069331	LUCKYPRIME MANAGEMENT PRIVATE.LIMITED.	Director	28/06/1995	28/06/1995	-	Active	NO
3	U51909WB1994PTC065977	DIMPLE VINCOM PRIVATE LIMITED	Director	30/09/1995	30/09/1995	-	Active	NO
4	U51109WB1996PTC079230	HIRAMOTI TRACON PRIVATE LIMITED	Director	26/09/1996	26/09/1996	-	Active	NO
5	U70101WB1996PTC081678	SPLENDID TOWERS PRIVATE LIMITED	Director	09/10/1996	09/10/1996	-	Active	NO
6	U29197WB2003PTC096050	MMP-FILTRATION PRIVATE LIMITED	Managing director	17/07/2008	11/04/2003	-	Active	NO
7	U51909WB2003PTC096277	EROS FASHION PRIVATE LIMITED	Director	27/05/2003	27/05/2003	-	Active	NO
8	U17111WB1996PLC077733	ARINTEX GLOBAL LIMITED	Managing director	01/08/2003	01/08/2003	-	Active	NO
9	U67190WB2004PTC098435	MULTI MEDIA INSURANCE MEDIATOR PRIVATE LIMITED	Director	28/04/2004	28/04/2004	01/05/2009	Active	NO
10	U72900WB2004PTC098972	WESTERN INFOTECH SOFTWARE DEVELOPMENT & TRAINING PRIVATE LIMITED	Director	05/12/2005	05/12/2005	-	Active	NO
11	U51909WB2009PTC137632	SPEEDWELL SALES PRIVATE LIMITED	Director	25/05/2010	25/05/2010	-	Active	NO
12	U52100WB2010PTC148874	GREENCITY VINCOM PRIVATE LIMITED	Director	19/07/2010	19/07/2010	-	Active	NO
13	U70109WB2008PTC125676	ALLEGRO REAL ESTATES PRIVATE LIMITED	Director	09/04/2011	09/04/2011	-	Active	NO
14	U45400WB2012PTC184111	SNOWBALL CONSTRUCTION PRIVATE LIMITED	Director	03/08/2012	03/08/2012	-	Active	NO
15	U28991WB1983PTC095269	MMP ENVIRO TECH PRIVATE LIMITED	Director	29/08/2012	29/08/2012	-	Active	NO
16	U70102WB2012PTC188377	VRAJRANI CONSTRUCTION PRIVATE LIMITED	Director	19/11/2012	19/11/2012	-	Active	NO
17	U70102WB2012PTC188376	ARADHANA HOUSING PRIVATE LIMITED	Director	19/11/2012	19/11/2012	-	Active	NO
18	U70102WB2012PTC188375	RAMIKA CONSTRUCTION PRIVATE LIMITED	Director	19/11/2012	19/11/2012	-	Active	NO
19	U70102WB2012PTC188471	VISHVARUPA HOUSING PRIVATE LIMITED	Director	21/11/2012	21/11/2012	-	Active	NO
20	U70102WB2012PTC189207	GOKULA REALTORS PRIVATE LIMITED	Director	14/12/2012	14/12/2012	-	Active	NO
21	U70102WB2012PTC189189	RAASESHWARI HOUSING PRIVATE LIMITED	Director	14/12/2012	14/12/2012	-	Active	NO
22	U70102WB2012PTC189188	RADHARANI HOUSING PRIVATE LIMITED	Director	14/12/2012	14/12/2012	-	Active	NO

Name :	Mr. Nilesh Todi
Designation :	Director
Address :	22, Madan Mohan Talla Street, Kolkata- 700005, West Bengal, India
Date of Birth/Age :	24.11.1975
Date of Appointment :	11.04.2003
DIN NO :	00029228

Other Directorship:

Top of Form S.No. Bottom of Form	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	U17122WB1969PTC027607	KUMAR PARA TEXTILE MILLS PRIVATE LIMITED	Director	01/02/1994	01/02/1994	-	Active	NO
2	U28991WB1983PTC095268	M M P EXIM PRIVATE LIMITED	Director	14/12/1996	14/12/1996	-	Active	NO
3	U51109WB1990PTC048346	CONTINENTAL AGENCIES PRIVATE.LIMITED.	Director	04/07/2000	04/07/2000	-	Active	NO
4	U17111WB1996PLC077733	ARINTEX GLOBAL LIMITED	Director	16/07/2001	16/07/2001	-	Active	NO
5	U28991WB1983PTC095269	MMP ENVIRO TECH PRIVATE LIMITED	Director	28/09/2001	28/09/2001	-	Active	NO
6	U29197WB2003PTC096050	MMP-FILTRATION PRIVATE LIMITED	Whole-time director	01/07/2009	11/04/2003	-	Active	NO
7	U51909WB2003PTC096277	EROS FASHION PRIVATE LIMITED	Director	27/05/2003	27/05/2003	-	Active	NO
8	U70101WB1996PTC081678	SPLENDID TOWERS PRIVATE LIMITED	Director	27/02/2012	27/02/2012	-	Active	NO
9	U51109WB1996PTC079230	HIRAMOTI TRACON PRIVATE LIMITED	Director	27/02/2012	27/02/2012	-	Active	NO
10	U45400WB2012PTC184111	SNOWBALL CONSTRUCTION PRIVATE LIMITED	Director	03/08/2012	03/08/2012	-	Active	NO
11	U70102WB2012PTC188377	VRAJRANI CONSTRUCTION PRIVATE LIMITED	Director	19/11/2012	19/11/2012	-	Active	NO
12	U70102WB2012PTC188376	ARADHANA HOUSING PRIVATE LIMITED	Director	19/11/2012	19/11/2012	-	Active	NO
13	U70102WB2012PTC188375	RAMIKA CONSTRUCTION PRIVATE LIMITED	Director	19/11/2012	19/11/2012	-	Active	NO
14	U70102WB2012PTC188471	VISHVARUPA HOUSING PRIVATE LIMITED	Director	21/11/2012	21/11/2012	-	Active	NO
15	U70102WB2012PTC189207	GOKULA REALTORS PRIVATE LIMITED	Director	14/12/2012	14/12/2012	-	Active	NO
16	U70102WB2012PTC189189	RAASESHWARI HOUSING PRIVATE LIMITED	Director	14/12/2012	14/12/2012	-	Active	NO
17	U70102WB2012PTC189188	RADHARANI HOUSING PRIVATE LIMITED	Director	14/12/2012	14/12/2012	-	Active	NO

Name :	Mr. Krishna Kumar Todi
Designation :	Director
Address :	22, Madan Mohan Talla Street, Kolkata- 700005, West Bengal, India
Date of Birth/Age :	09.02.1946
Date of Appointment :	28.06.2004
DIN No :	02213954

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	L17115WB1974PLC029414	HARI TEXTILE MILLS LIMITED	Director	01/04/1981	01/04/1981	-	Active	NO
2	U28991WB1983PTC095268	M M P EXIM PRIVATE LIMITED	Director	19/09/1983	19/09/1983	-	Active	NO
3	U51109WB1990PTC048346	CONTINENTAL AGENCIES PRIVATE.LIMITED.	Director	08/02/1990	08/02/1990	-	Active	NO
4	U17122WB1969PTC027607	KUMAR PARA TEXTILE MILLS PRIVATE LIMITED	Director	12/06/2000	12/06/2000	-	Active	NO
5	U29197WB2003PTC096050	MMP-FILTRATION PRIVATE LIMITED	Director	28/06/2004	28/06/2004	-	Active	NO
6	U51909WB2003PTC096277	EROS FASHION PRIVATE LIMITED	Director	29/06/2004	29/06/2004	-	Active	NO
7	U17111WB1996PLC077733	ARINTEX GLOBAL LIMITED	Director	21/05/2007	21/05/2007	-	Active	NO
8	U67190WB2004PTC098435	MULTI MEDIA INSURANCE MEDIATOR PRIVATE LIMITED	Director	01/01/2009	01/01/2009	01/05/2009	Active	NO
9	U70101WB1996PTC081678	SPLENDID TOWERS PRIVATE LIMITED	Director	01/01/2009	01/01/2009	-	Active	NO
10	U28991WB1983PTC095269	MMP ENVIRO TECH PRIVATE LIMITED	Director	01/01/2009	01/01/2009	-	Active	NO
11	U51109WB1996PTC079230	HIRAMOTI TRACON PRIVATE LIMITED	Director	01/01/2009	01/01/2009	-	Active	NO
12	U45400WB2000PTC091087	INDO AMERICAN DEVELOPERS PRIVATE LIMITED	Director	20/12/2011	20/12/2011	-	Active	NO
13	U51909WB2010PTC142335	SOMNATH MERCHANDISE PRIVATE LIMITED	Director	09/02/2012	09/02/2012	-	Under Process of Striking off	NO
14	U51909WB2010PTC142306	HRISHIKESH MERCHANDISE PRIVATE LIMITED	Director	09/02/2012	09/02/2012	-	Under Process of Striking off	NO

KEY EXECUTIVES

Name :	Mr. Himanshu Budhia
Designation :	Chief Executive Officer
Address :	No. 452/252/11, M. S. Mukherjee Road, Near Balaram Hospital, Khardah Kolkata - 700116, West Bengal, India
Name :	Mr. Laxmikant Todi
Designation :	Proprietor

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As On 30.09.2011

Names of Shareholders	No. of Shares
Laxmi K Todi	56400
Ashish Todi	25300
Nilesh Todi	25300
Eros Fashion Private Limited	90000
Ashish Krishna	15000
Todi Prakash Om	15000
Madhudev Saraf	25000
Shree Ram Polyplast Private Limited	300
Sun Preeth Engg. Private Limited	400
Classic Enterprises Private Limited	400
Sri Sastha Enterprises Private Limited	400
Sti Chem India Private Limited	400
Coudhary Trades Private Limited	400
S V Enterprises Private Limited	400
Excel Pac India Private Limited	400
Trans Safe International Private Limited	300
Shreyas Enterprises Private Limited	400
Water Systems International Private Limited	300
Chennai Aqua Pure Private Limited	400
Shivsu Water Private Limited	400
Dipak Biswas	100
MMP Exim Private Limited	100000
Krishna K Todi	48000
Om P Todi	35000
Laxmi K Todi	10000
Total	450000

AS ON 30.09.2011

Equity Shares Break Up	Percentage of Holding
Bodies corporate	43.31
Directors or relatives of Directors	56.67
Other top fifty shareholders	0.02
TOTAL	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Filter Cartridge, Liquid Filtration, Mold Cartridge, Air Filtration.
Products :	Melt Blown Filter Cartridge Wound PP Cartridge Dust Collector Pleated Bag Filters Dust Collector Pleated Cartridge Dust Collector Filter Bags R O Membranes Pressure Gauges Flow Meter Online Monitors and Controllers TDS Meters FRP Tanks Solenoid Valves
Exports :
Products :	Filter Products
Countries :	Middle East Singapore
Imports :
Products :	Raw Material
Countries :	Germany Denmark

GENERAL INFORMATION

Customers :

· Rochem Separation Systems India Private Limited, Mumbai, Maharashtra

· JSW Energy Limited, Bellary, Karnataka, India

· Chemified Limited, Mumbai, Maharashtra

No. of Employees :

Not Available

Bankers :

• HDFC Bank Limited, Shyam Bazar Branch
• Vijaya Bank

Park Street Branch, A.G Tower, 125/1, Park Street, Kolkata- 700016, West Bengal, India

Email ID : gk.sons@hotmail.com

• Kotak Mahindra Bank
• Oriental Bank of Commerce, Overseas Branch (Lord’s Building), 7/1, Lord Sinha Road, (Ground Floor), Kolkata – 700071, West Bengal, India
• ICICI Bank

Facilities :

Secured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
ICICI Bank Loan a/c	0.456	0.793
Hdfc Bank Honda city car loan	0.537	0.000
Hdfc Bank car loan (Secured against car purchased)	0.335	0.000
Kotak Mahindra prime limited	0.109	0.298
Vijaya bank car loan ac (Skida Fobia)	0.508	0.000
Kotak Mahindra Prime limited-chevrolet Spark (secured against car purchased)	0.000	0.063
Vijaya bank OCC (secured against hypothecation of raw material, W.I.P finished goods and against office premises at Kolkata and Mumbai)	26.269	25.412
From Vijaya Bank (Term Loan)	18.055	21.159
Bank Overdraft	1.276	1.403
TOTAL	47.548	49.129
Unsecured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
From Bodies Corporate	11.999	7.466
From Directors	0.000	8.381
From others	7.473	16.607
TOTAL	19.474	32.455

Banking Relations :	--
Auditors :
Name :	Saraf and Chandra Chartered Accountant
Address 1 :	501, Ashok House, 3A, Hare Street, Kolkata- 700001, West Bengal, India
Tel. No.:	91-33-22317108/ 9
Fax No.:	91-33-22480712
E-Mail :	saraf@sarafchandra.com
Pan No.:	AAMFS1204Q
Enterprise Management :	· Hiramoti Tracon Private Limited · Splendid Towers Private Limited · Eros Fashion Private Limited · MMP Envirotech Private Limited · Mmp Exim Private Limited · Airntex Global Limited · Manoharlal Mahabir Prasad · Kishan Kumar Ashish Kumar · Om Prakash Todi (HUF) · Laxmikant Todi (HUF)

CAPITAL STRUCTURE

AS ON : 30.09.2011

Authorised Capital :

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

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
450000	Equity Shares	Rs.10/- Each	Rs. 4.500 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		4.500	2.450	2.450
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		33.753	14.238	13.710
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		38.253	16.688	16.160
LOAN FUNDS
1] Secured Loans		47.548	49.129	47.676
2] Unsecured Loans		19.474	32.455	30.799
TOTAL BORROWING		67.022	81.584	78.475
DEFERRED TAX LIABILITIES		0.006	0.018	0.000
TOTAL		105.281	98.290	94.635
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		30.664	31.354	32.129
Capital work-in-progress		28.679	28.461	27.089
INVESTMENT		0.034	0.012	0.012
DEFERREX TAX ASSETS		0.000	0.000	0.009
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	37.616	38.576	35.791
	Sundry Debtors	19.297	15.168	10.614
	Cash & Bank Balances	5.659	1.462	3.958
	Other Current Assets	3.021	0.879	1.039
	Loans & Advances	36.256	29.343	24.829
Total Current Assets		101.849	85.428	76.231
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	48.450	38.869	33.554
	Other Liabilities	0.951	2.017	1.553
	Provisions	6.544	6.079	5.728
Total Current Liabilities		55.945	46.965	40.835
Net Current Assets		45.904	38.463	35.396
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		105.281	98.290	94.635

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	148.414	124.814	114.185
		Other Income	4.451	5.841	3.129
		TOTAL	152.865	130.655	117.314
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL	151.348	129.686	116.666
	PROFIT / (LOSS) BEFORE TAX		1.517	0.969	0.648
Less	TAX		0.453	0.351	0.586
	PROFIT / (LOSS) AFTER TAX		1.064	0.528	0.062
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		5.689	5.161	NA
	EARNINGS IN FOREIGN CURRENCY
	Export Earnings		10.539	2.974	NA
	TOTAL EARNINGS		10.539	2.974	NA
	BALANCE CARRIED TO THE B/S		6.753	5.689	NA
	Earnings Per Share (Rs.)		2.37	2.16	0.25

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.69	0.40	0.05
Net Profit Margin (PBT/Sales)	(%)	1.02	0.77	0.57
Return on Total Assets (PBT/Total Assets}	(%)	1.14	0.83	0.60
Return on Investment (ROI) (PBT/Networth)		0.04	0.06	0.04
Debt Equity Ratio (Total Liability/Networth)		1.46	2.81	2.53
Current Ratio (Current Asset/Current Liability)		1.82	1.82	1.87

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	Yes
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	No
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	No
12]	Profitability for last three years	No
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	Yes
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
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]	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

FORM 8

Corporate identity number of the company	U2919WB2003PTC096050
Name of the company	MMP – FILTRATION PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	22, Madan Mohan Talla Street, Kolkata- 700005, West Bengal, India
This form is for	Creation of charge
Type of charge	· Movable property (not being pledge)
Particular of charge holder	Vijaya Bank Park Street Branch, A.G Tower, 125/1, Park Street, Kolkata- 700016, West Bengal, India Email ID : gk.sons@hotmail.com
Nature of instrument creating charge	Long agreement cum hypothecation deed.
Date of instrument Creating the charge	25.02.2011
Amount secured by the charge	Rs. 0.534 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest Base rate + 1.25% i.e. 10.75% p.a. (Floating). Interest and charges as per rules in force. Terms of repayment Repayable in 36 EMI commencing from 28.02.2011 Margin 20% of the total value of the car Extent and operation of the charge First and exclusive charge
Short particulars of the property charged (Including location of the property)	Hypothecation of skoda car total valued Rs. 0.668 Million all inclusive.

Fixed Assets

• Air Conditioner
• Computer
• Electrical Fitting
• EPABX
• Fax
• Fire Extinguisher
• Furniture and Fixture
• Inverter
• Motor Car
• Motor Cycle
• Motor Van
• Office
• Office Equipments
• Plant and Machinery
• Refrigerator
• Television
• Weighing Machine

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No 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.54.63
UK Pound	1	Rs.88.17
Euro	1	Rs.73.13

INFORMATION DETAILS

Report Prepared by :

SPR

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	YES
--AFFILIATION	YES/NO	NO
--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	Unfavourable & favourable factors carry similar weight in credit consideration. 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
NR		In view of the lack of information, we have no basis upon which to recommend credit dealings	No Rating

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.