MIRA INFORM REPORT

Report Date :

16.01.2013

IDENTIFICATION DETAILS

Name :	CENTURY MDF LIMITED
Registered Office :	6, Lyons Range, 1^st Floor, Kolkata – 700001, West Bengal
Country :	India
Date of Incorporation :	26.04.2012
Com. Reg. No.:	181050
Capital Investment / Paid-up Capital :	Rs.0.500 Million
CIN No.: [Company Identification No.]	U20296WB2012PLC181050
TAN No.: [Tax Deduction & Collection Account No.]	CALC07939B
PAN No.: [Permanent Account No.]	AAECC8015G
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Dealer and trader of all kinds and form of medium density fibre boards, high density fibre board, particle boards and other wood products.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

NB

RATING		STATUS	PROPOSED CREDIT LINE
--	NB	New Business	--

Status :	New Business
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a new company and establishing itself gradually. Trade relations are reported as improving. Business is active. Payment terms are unknown. The company can be considered for business dealings on a safe and secured trade terms and conditions.

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

Management Non-Cooperative

Contact No. 91-44-39403950/ 91-33-39403950

LOCATIONS

Registered Office :	6, Lyons Range, 1^st Floor, Kolkata – 700001, West Bengal, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	sajjan@centuryply.com arun@centuryply.com sanjay@centuryply.com hpa@centuryply.com vk@sharonply.com

DIRECTORS

Name :

Mr. Sajjan Bhajanka

Designation :

Director

Address :

15, Belvedere Road, Kolkata – 700027, West Bengal, India

Date of Birth/Age :

03.06.1952

Date of Appointment :

26.04.2012

DIN No.:

00246043

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	L20101WB1982PLC034435	CENTURY PLYBOARDS (INDIA) LTD.	Whole-time director	31/10/2011	05/12/1986	-	Active	NO
2	U45201WB1971PTC027924	MAKUI PROPERTIES PRIVATE LIMITED	Director	25/02/1989	25/02/1989	-	Active	NO
3	U01132WB1992PLC056891	CENTURY PLANTATIONS LTD.	Director	02/11/1992	02/11/1992	21/06/2007	Active	NO
4	U65910WB1993PTC061228	CENTURY CROP SCIENCES PRIVATE LIMITED	Director	23/12/1993	23/12/1993	17/06/2011	Active	NO
5	U72900WB1997PLC086118	CENTURY INFOTECH LIMITED	Director	17/12/1997	17/12/1997	20/06/2007	Active	NO
6	U85320WB1926GAP005249	MARWARI RELIEF SOCIETY	Director	16/09/2000	16/09/2000	-	Active	NO
7	U51109WB1996PTC077019	SRI RAM MERCHANTS PVT LTD	Director	06/11/2000	06/11/2000	-	Active	NO
8	U51109WB1996PTC077022	SRI RAM VANIJYA PVT LTD	Director	06/11/2000	06/11/2000	-	Active	NO
9	U26942ML2001PLC006663	CEMENT MANUFACTURING COMPANY LIMITED	Managing director	01/04/2012	16/11/2002	-	Active	NO
10	U20101WB1986PTC041072	PACIFIC PLYWOODS PVT LTD	Director	15/03/2004	15/03/2004	-	Active	NO
11	U51900WB2005PLC106465	CENTURY INTERNATIONAL IMPEX LTD	Director	02/12/2005	02/12/2005	17/06/2011	Active	NO
12	U20213ML2005PLC007999	CENTURY PLYBOARDS (MEGHALAYA) LIMITED	Director	16/12/2005	16/12/2005	17/06/2011	Active	NO
13	U45201WB1996PTC078149	SHYAM CENTURY MULTI PROJECTS PVT. LTD.	Director	15/02/2006	15/02/2006	-	Active	NO
14	U26942AS2005PLC007862	STAR INDIA CEMENT LIMITED	Director	29/04/2006	29/04/2006	25/04/2012	Active	NO
15	U63090ML2005PLC008011	STAR CEMENT MEGHALAYA LIMITED	Director	29/04/2006	29/04/2006	-	Active	NO
16	U40108ML2002PLC006921	MEGHALAYA POWER LIMITED	Director	25/05/2006	25/05/2006	-	Active	NO
17	U35111WB2006PLC110710	CENTURY STAR SHIPPING LIMITED	Director	21/07/2006	21/07/2006	30/03/2011	Active	NO
18	U51109WB2006PTC110351	ARA SUPPLIERS PRIVATE LIMITED	Director	23/10/2006	23/10/2006	-	Active	NO
19	U52190WB2006PTC111573	ADONIS VYAPER PRIVATE LIMITED	Director	23/10/2006	23/10/2006	-	Active	NO
20	U52190WB2006PTC111571	APNAPAN VINIYOG PRIVATE LIMITED	Director	23/10/2006	23/10/2006	-	Active	NO
21	U51909WB2006PTC111570	ARHAM SALES PRIVATE LIMITED	Director	23/10/2006	23/10/2006	-	Active	NO
22	U45200WB2007PTC113117	ESTEEM ANGAN PRIVATE LIMITED	Director	06/02/2007	06/02/2007	21/01/2011	Active	NO
23	U70109WB2007PLC115289	PURI PORTS LIMITED	Director	23/04/2007	23/04/2007	-	Active	NO
24	U70102HR2007PTC043349	TRANSCEND INFRASTRUCTURE Private Limited	Director	15/05/2007	15/05/2007	05/06/2008	Active	NO
25	U27310WB2007PLC116194	SHYAM CENTURY METALLIC LIMITED	Director	29/05/2007	29/05/2007	01/12/2007	Active	NO
26	U40104WB2007PLC116195	NE Hills Hydro Limited	Director	29/05/2007	29/05/2007	01/12/2007	Active	NO
27	U45400WB2007PLC116306	SHYAM EMCO INFRASTRUCTURE LIMITED.	Director	01/06/2007	01/06/2007	01/12/2007	Active	NO
28	U70101WB2007PTC117508	RANISATI VIHAR PRIVATE LIMITED	Director	28/07/2007	28/07/2007	31/01/2011	Active	NO
29	U70109WB2008PLC127073	CENTURY SUMERU INFRASTRUCTURE LIMITED	Director	01/07/2008	01/07/2008	17/06/2011	Active	NO
30	U45400WB2008PLC127052	CENTURY SUMERU DEVELOPMENT LIMITED	Director	01/07/2008	01/07/2008	17/06/2011	Active	NO
31	U91110WB1926GAP005483	BHARAT CHAMBER OF COMMERCE	Director	14/09/2009	14/09/2009	-	Active	NO
32	U27310WB2011PLC160587	STAR FERRO AND CEMENT LIMITED	Director	10/03/2011	10/03/2011	-	Active	NO
33	U27310WB2011PLC161689	SHYAM CENTURY FERROUS LIMITED	Director	12/04/2011	12/04/2011	-	Active	NO
34	L26939OR1977PLC000735	NILACHAL REFRACTORIES LIMITED	Director	16/06/2011	16/06/2011	-	Active	NO
35	U20296WB2012PLC181050	CENTURY MDF LIMITED	Director	26/04/2012	26/04/2012	-	Active	NO
36	L63993WB1983PLC036030	EMAMI LIMITED	Director	08/08/2012	08/05/2012	-	Active	NO

Name :

Mr. Sanjay Agarwal

Designation :

Director

Address :

4-A, Ashok Road, Kolkata – 700027, West Bengal, India

Date of Birth/Age :

06.04.1961

Date of Appointment :

26.04.2012

DIN No.:

00246132

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	L20101WB1982PLC034435	CENTURY PLYBOARDS (INDIA) LTD.	Managing director	31/10/2011	05/01/1982	-	Active	NO
2	U27109WB1990PLC049345	CENTURY COATS LTD	Director	29/06/1990	29/06/1990	-	Active	NO
3	U01132WB1992PLC056891	CENTURY PLANTATIONS LTD.	Director	02/11/1992	02/11/1992	21/06/2007	Active	NO
4	U65910WB1993PTC061228	CENTURY CROP SCIENCES PRIVATE LIMITED	Director	23/12/1993	23/12/1993	17/06/2011	Active	NO
5	U20211AS1992PTC003764	CENT PLY PVT LTD	Director	15/10/1996	15/10/1996	-	Amalgamated	NO
6	U72900WB1997PLC086118	CENTURY INFOTECH LIMITED	Director	17/12/1997	17/12/1997	20/06/2007	Active	NO
7	U27109WB1996PTC077020	SUMANGAL INTERNATIONAL PVT LTD	Director	06/11/2000	06/11/2000	-	Active	NO
8	U26942ML2001PLC006663	CEMENT MANUFACTURING COMPANY LIMITED	Whole-time director	01/04/2012	16/11/2002	-	Active	NO
9	U20101WB1986PTC041072	PACIFIC PLYWOODS PVT LTD	Director	15/03/2004	15/03/2004	-	Active	NO
10	U26942AS2005PLC007862	STAR INDIA CEMENT LIMITED	Director	31/08/2005	31/08/2005	-	Active	NO
11	U20213ML2005PLC007999	CENTURY PLYBOARDS (MEGHALAYA) LIMITED	Director	16/12/2005	16/12/2005	17/06/2011	Active	NO
12	U51900WB2005PLC106465	CENTURY INTERNATIONAL IMPEX LTD	Director	20/06/2006	20/06/2006	17/06/2011	Active	NO
13	U35111WB2006PLC110710	CENTURY STAR SHIPPING LIMITED	Director	21/07/2006	21/07/2006	30/03/2011	Active	NO
14	U51109WB2006PTC110351	ARA SUPPLIERS PRIVATE LIMITED	Director	23/10/2006	23/10/2006	-	Active	NO
15	U52190WB2006PTC111573	ADONIS VYAPER PRIVATE LIMITED	Director	23/10/2006	23/10/2006	-	Active	NO
16	U52190WB2006PTC111571	APNAPAN VINIYOG PRIVATE LIMITED	Director	23/10/2006	23/10/2006	-	Active	NO
17	U51909WB2006PTC111570	ARHAM SALES PRIVATE LIMITED	Director	23/10/2006	23/10/2006	-	Active	NO
18	U45200WB2007PTC112699	GOODLOOK INFRACON PRIVATE LIMITED	Director	22/01/2007	22/01/2007	21/01/2011	Active	NO
19	U70109WB2007PLC115289	PURI PORTS LIMITED	Director	23/04/2007	23/04/2007	-	Active	NO
20	U70102HR2007PTC043349	TRANSCEND INFRASTRUCTURE PRIVATE LIMITED	Director	15/05/2007	15/05/2007	19/03/2008	Active	NO
21	U40104WB2007PLC116195	NE HILLS HYDRO LIMITED	Director	29/05/2007	29/05/2007	01/12/2007	Active	NO
22	U27310WB2007PLC116194	SHYAM CENTURY METALLIC LIMITED	Director	29/05/2007	29/05/2007	01/12/2007	Active	NO
23	U45400WB2007PLC116306	SHYAM EMCO INFRASTRUCTURE LIMITED.	Director	01/06/2007	01/06/2007	01/12/2007	Active	NO
24	U85300WB1926GAP005585	INDIAN CHAMBER OF COMMERCE CALCUTTA	Director	30/06/2011	30/06/2008	24/07/2012	Active	NO
25	U63090ML2005PLC008011	STAR CEMENT MEGHALAYA LIMITED	Director	12/08/2009	04/07/2008	-	Active	NO
26	U25201WB1996PTC077024	SUMANGAL BUSINESS PVT LTD	Director	29/09/2010	24/05/2010	-	Active	NO
27	U65993WB1993PTC057590	AUROVILLE INVESTMENTS PVT.LTD.	Director	29/09/2010	24/05/2010	-	Active	NO
28	U70101WB2007PTC117508	RANISATI VIHAR PRIVATE LIMITED	Director	20/10/2010	20/10/2010	-	Active	NO
29	U27310WB2011PLC160587	STAR FERRO AND CEMENT LIMITED	Director	10/03/2011	10/03/2011	-	Active	NO
30	U27310WB2011PLC161689	SHYAM CENTURY FERROUS LIMITED	Director	12/04/2011	12/04/2011	-	Active	NO
31	U20296WB2012PLC181050	CENTURY MDF LIMITED	Director	26/04/2012	26/04/2012	-	Active	NO
32	U91110WB1946NPL013477	MCC CHAMBER OF COMMERCE AND INDUSTRY	Director	03/07/2012	03/07/2012	-	Active	NO
33	U85300WB1929NPL006235	BENGAL ROWING CLUB	Director	18/07/2012	18/07/2012	-	Active	NO

Name :

Mr. Hari Prasad Agarwal

Designation :

Director

Address :

CF-256, Salt Lake, Sector – I, Kolkata – 700064, West Bengal, India

Date of Birth/Age :

26.05.1948

Date of Appointment :

26.04.2012

DIN No.:

00266005

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	L20101WB1982PLC034435	CENTURY PLYBOARDS (INDIA) LTD.	Whole-time director	01/06/2012	05/01/1982	-	Active	NO
2	U65910WB1993PTC061228	CENTURY CROP SCIENCES PRIVATE LIMITED	Director	23/12/1993	23/12/1993	-	Active	NO
3	U01132WB1992PLC056891	CENTURY PLANTATIONS LTD.	Director	30/08/1994	30/08/1994	-	Active	NO
4	U21020GJ1997PTC032398	LANDMARK VENEERS PRIVATE LIMITED	Director	25/09/1997	25/09/1997	-	Active	NO
5	U72900WB1997PLC086118	CENTURY INFOTECH LIMITED	Director	14/08/2003	14/08/2003	-	Active	NO
6	U27107ML2002PTC006976	MEGHA TECHNICAL AND ENGINEERS PRIVATE LIMITED	Director	20/05/2004	20/05/2004	-	Active	NO
7	U20213ML2005PLC007999	CENTURY PLYBOARDS (MEGHALAYA) LIMITED	Director	16/12/2005	16/12/2005	-	Active	NO
8	U91110WB1946NPL013477	MCC CHAMBER OF COMMERCE AND INDUSTRY	Director	18/06/2006	18/06/2006	03/07/2012	Active	NO
9	U45200WB2007PTC112781	PUSHPANJALI ABASAN PRIVATE LIMITED	Director	25/01/2007	25/01/2007	-	Active	NO
10	U26940WB2007PLC117174	SHYAM CENTURY CEMENT INDUSTRIES LIMITED	Director	13/07/2007	13/07/2007	-	Active	NO
11	U45400WB2007PLC116306	SHYAM EMCO INFRASTRUCTURE LIMITED.	Director	20/09/2007	20/09/2007	05/11/2009	Active	NO
12	U40104WB2007PLC116195	NE Hills Hydro Limited	Director	20/09/2007	20/09/2007	-	Active	NO
13	U27310WB2007PLC116194	SHYAM CENTURY METALLIC LIMITED	Director	20/09/2007	20/09/2007	-	Active	NO
14	U26941WB2008PLC123169	STAR CEMENT BENGAL LIMITED	Director	27/02/2008	27/02/2008	-	Strike off	NO
15	U70109WB2008PLC127073	CENTURY SUMERU INFRASTRUCTURE LIMITED	Director	01/07/2008	01/07/2008	-	Active	NO
16	U45400WB2008PLC127052	CENTURY SUMERU DEVELOPMENT LIMITED	Director	01/07/2008	01/07/2008	-	Active	NO
17	U20210GJ1998PTC034594	AMUL BOARDS PRIVATE LIMITED	Director	05/06/2010	05/06/2010	-	Active	NO
18	U27310WB2011PLC160587	STAR FERRO AND CEMENT LIMITED	Director	10/03/2011	10/03/2011	-	Active	NO
19	U27310WB2011PLC161689	SHYAM CENTURY FERROUS LIMITED	Director	12/04/2011	12/04/2011	-	Active	NO
20	U20296WB2012PLC181050	CENTURY MDF LIMITED	Director	26/04/2012	26/04/2012	-	Active	NO
21	U51900WB2005PLC106465	CENTURY INTERNATIONAL IMPEX LTD	Director	26/09/2012	14/09/2012	-	Active	NO

Name :

Mr. Vishnu Khemani

Designation :

Director

Address :

7, George Avenue Teynampet, Chennai – 600018, Tamilnadu, India

Date of Birth/Age :

16.03.1952

Date of Appointment :

26.04.2012

DIN No.:

01006268

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	Company/ LLP Status	Defaulting status
1	U20211WB1987PTC114087	SHARON VENEERS PRIVATE LIMITED	Managing director	27/03/1988	27/03/1988	Amalgamated	NO
2	U14299WB1990PTC111486	SHARON WOOD INDUSTRIES PRIVATE LIMITED	Director	24/09/1990	24/09/1990	Amalgamated	NO
3	U52599TN1996PTC035329	SHARON INTERNATIONAL SERVICES PRIVATE LIMITED	Director	25/04/1996	25/04/1996	Active	NO
4	L20101WB1982PLC034435	CENTURY PLYBOARDS (INDIA) LTD.	Managing director	31/10/2011	16/04/2008	Active	NO
5	U20296WB2012PLC181050	CENTURY MDF LIMITED	Director	26/04/2012	26/04/2012	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 24.04.2012)

Names of Shareholders	No. of Shares
Sajjan Bhajanka	10000
Sanjay Agarwal	10000
Hari Prasad Agarwal	5000
Keshav Bhajanka	2500
Nikita Agarwal	2500
Vishnu Khemani	10000
Prem Kumar Bhajanka	10000
Total	50000

BUSINESS DETAILS

Line of Business :

Dealer and trader of all kinds and form of medium density fibre boards, high density fibre board, particle boards and other wood products.

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	Not Available

Banking Relations :	--
Auditors :	Not Available

CAPITAL STRUCTURE

Authorised Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.10/- each	Rs.0.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.10/- each	Rs.0.500 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

NEW BUSINESS

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	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	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	No
24]	Banking facility details	No
25]	Conduct of the banking account	-----
26]	Buyer visit details	-----
27]	Financials, if provided	No
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

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.87.69
Euro	1	Rs.72.85

INFORMATION DETAILS

Information Gathered by :	JML
Report Prepared by :	NIT

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.