MIRA INFORM REPORT

Report Date :

25.07.2013

IDENTIFICATION DETAILS

Name :	NOUVEAU GLOBAL VENTURES LIMITED
Registered Office :	A/401, Pearl Arcade, Daut Baug Lane, Off J P Road, Opposite P K Jewellers, Andheri (West), Mumbai-400058, Maharashtra
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	16.11.1988
Com. Reg. No.:	11-049645
Capital Investment / Paid-up Capital :	Rs. 185.530 Millions
CIN No.: [Company Identification No.]	L01407MH1988PLC049645
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Trader of Textile Clothing and Multimedia Projects etc.
No. of Employees :	Information denied by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

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

Maximum Credit Limit :	USD 1800000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having a satisfactory track record. The profit margin is low but the overall financial position of the company is good. Trade relations are decent. Business is active. Payment terms are usually correct. The company can be considered for business dealings at usual 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.

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. Narish K
Designation :	Accounts Department
Contact No.:	91-22-26797750
Date :	24.07.2013

LOCATIONS

Registered Office :	A/401, Pearl Arcade, Daut Baug Lane, Off J P Road, Opposite P K Jewellers, Andheri (West), Mumbai-400058, Maharashtra, India
Tel. No.:	91-22-26797750 / 26778155 / 26783178
Fax No.:	91-22-26781187
E-Mail :	nouveauglobal@gmail.com
Website :	www.nouveauglobal.com

DIRECTORS

AS ON 31.03.2012

Name :	Mr. Krishan Khadaria
Designation :	Managing Director
Name :	Mr. Mohit Khadaria
Designation :	Director
Name :	Mr. Narendra Gupta
Designation :	Director
Name :	Mr. Manoj Bhatia
Designation :	Director
Name :	Mrs. Asha Khadaria
Designation :	Director (Resigned on 9th December, 2011)

KEY EXECUTIVES

Name :	Ms. Neha Malpani
Designation :	Secretary
Name :	Mr. Narish K
Designation :	Accounts Department
Audit Committee :	Mr. Manoj Bhatia - Chairman Mr. Krishan Khadaria - Member Mr. Narendra Gupta - Member
Shareholders' / Investors' Grievance Committee :	Mr. Manoj Bhatia - Chairman Mr. Mohit Khadaria - Member Mr. Narendra Gupta - Member
Remuneration Committee :	Mr. Manoj Bhatia - Chairman Mr. Narendra Gupta - Member Mr. Mohit Khadaria - Member
Management Committee :	Mr. Krishan Khadaria - Chairman Mr. Mohit Khadaria - Member Mr. Shyam Makhija - Member

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 31.03.2013

Category of Shareholder	No. of Shares	% of No. of Shares
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	2021599	10.9
Any Others (Specify)	4781200	25.77
Group Companies	4781200	25.77
Sub Total	6802799	36.67
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	6802799	36.67
(B) Public Shareholding
(1) Institutions
(2) Non-Institutions
Bodies Corporate	7118872	38.37
Individuals
Individual shareholders holding nominal share capital up to Rs. 0.100 Million	666183	3.59
Individual shareholders holding nominal share capital in excess of Rs. 0.100 Million	3942806	21.25
Any Others (Specify)	22340	0.12
Non Resident Indians	21281	0.11
Clearing Members	1059	0.01
Sub Total	11750201	63.33
Total Public shareholding (B)	11750201	63.33
Total (A)+(B)	18553000	100
(C) Shares held by Custodians and against which Depository Receipts have been issued	0	0
(1) Promoter and Promoter Group	0	0
(2) Public	0	0
Sub Total	0	0
Total (A)+(B)+(C)	18553000	0

Shareholding of securities (including shares, warrants, convertible securities) of persons belonging to the category Promoter and Promoter Group

Sl. No.	Name of the Shareholder	Details of Shares held
		No. of Shares held	As a % of grand total (A)+(B)+(C)
1	Kasturi Overseas Private Limited	13,72,600	7.4
2	Navyug Telefilms Private Limited	13,38,100	7.21
3	Krishan Khadaria	12,78,519	6.89
4	Golden Medows Exports Private Limited	9,00,000	4.85
5	Asha Khadaria	7,28,580	3.93
6	Attribute Shares and Securities Private Limited	6,56,654	3.54
7	Mumbadevi Finance and Investment Private Limited	3,80,000	2.05
8	Forever Flourishing Finance and Investment Private Limited	77,154	0.42
9	Kashish Multi Trade Private Limited	56,692	0.31
10	Mohit Khadaria	7,000	0.04
11	Sushila Devi Raghunath Prasad Khadaria	5,000	0.03
12	Mohini Krishan Khadaria	2,500	0.01
	Total	68,02,799	36.67

(*) The term encumbrance has the same meaning as assigned to it in regulation 28(3) of the SAST Regulations, 2011.

Shareholding of securities (including shares, warrants, convertible securities) of persons belonging to the category Public and holding more than 1% of the total number of shares

Sl. No.	Name of the Shareholder	No. of Shares held	Shares as % of Total No. of Shares
1	Nirnidhi Consultants Private Limited	925000	4.99
2	Esquire Enclave Private Limited	575990	3.1
3	Praveen Kumar Agarwal	500000	2.69
4	Sneha Patwari	400000	2.16
5	Babita Patwari	400000	2.16
6	Esha Securities Limited	319296	1.72
7	Deepak Patwari	250000	1.35
8	Comfort Dealcom Private Limited	247064	1.33
9	Praveen Kumar Agarwal	200000	1.08
10	Pinky Agarwal	200000	1.08
11	Natural Housing Private Limited	480847	2.59
12	Limestone Properties Private Limited	196693	1.06
	Total	4694890	25.31

BUSINESS DETAILS

Line of Business :	Trader of Textile Clothing and Multimedia Projects etc.
Products :	· Trading and Investment in Shares and Debentures · Financial and Advisory Services · Brokerage and Film Distribution · Trading in Electronic Goods · Trading in Agriculture Products · Trading in Computer Software and Hardware

GENERAL INFORMATION

No. of Employees :

Information denied by the management

Bankers :

· Axis Bank Limited

Facilities :

Secured Loan

Rs. In Millions

31.03.2012

Rs. In Millions

31.03.2011

LONG-TERM BORROWINGS

Term loan From Bank

2.239

0.000

SHORT-TERM BORROWINGS

Loan Repayable on demand

Bank Overdraft

0.000

7.270

TOTAL

2.239

7.270

NOTES

LONG-TERM BORROWINGS

Term Loan from Bank

(Rs. In Millions)

i) Outstanding Balance as at Balance sheet date is repayable over a period of : 33 months	2.239
ii) Term Loan from Bank is secured by hypothecation Motor Car. Personal Guarantee of the Directors

SHORT-TERM BORROWINGS

i) Equitable mortgage of 3 flats held by an associate concern as a collateral Security.

ii) Personal Guarantee of Managing Director, Director and Relative of the director.

iii) Corporate Guarantee of M/s Laxmiramuna Investments Private Limited.

Banking Relations :	--
Auditors :
Name :	CPM and Associates Chartered Accountant
Address :	Mumbai, Maharashtra, India
Subsidiaries :	· Nouveau Shares and Securities Limited
Other Related Parties :	· Aastha Broad Casting Network Limited · Ambit Multitrade Private Limited · Ashadeep Multitrade Private Limited · Attribute Shares and Securities Private Limited · Automagical Software Private Limited · Basic Real Estate Private Limited · Betterhomes Buildcon Private Limited · Coronation Polymers Limited · Forever Flourishing Finance and Investment Private Limited · Golden Medwos Export Private Limited · Hilton Vyaper Private Limited · Kashish Multitrade Private limited · Kasturi Overseas Private Limited · Laxmiramuna Investments Private Limited · Mitesh Polypack Private Limited · Mumbadevi Finance and Investment Company Private Limited · Navyug Telefilm Private Limited · Omni Strategic Managements Consultants Private Limited · ONA Farms Private Limited · Pearl Acreade Consultant Private Limited · Pearl Agriculture Limited · Pearl Arcade Amusement Private Limited · Pearl Arcade Canteens and Caterers Private Limited · Pearl Arcade Property Developers Private Limited · Pearl Arcade Trading Private Limited · Pearl Electronics Limited · Perfect Square Multimedia Private Limited · Safal Investment Limited · Spectrum Venture Private Limited · Subhkam Multimedia Private Limited · Sukaniya Properties Private Limited · Suman Multitrade Private Limited · Thai Malai Golf Resort and SPA Private Limited · Vibhuti Properties Private Limited · Global Enterprises

CAPITAL STRUCTURE

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
200000000	Equity Shares	Rs.1/- each	Rs. 200.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
185530000	Equity Shares	Rs.1/- each	Rs. 185.530 Millions

NOTES

31250000( Previous year NIL) Equity shares out of issued, subscribed and paid up share capital were alloted on exercise of warrants.

The reconciliation of number of shares outstanding and the amount of share capital as at March 31, 2012 and March 31, 2011 is set out below:

PARTTICULARS	AS AT MARCH 31, 2012
	Number of Shares	Rs. In Millions
Number of shares at the beginning	154280000	154.280
Add: Shares allotted pursuant to exercise of warrant	31250000	31.250
Number of share at the end	185530000	185.530

Details of Shareholders holding more than 5 percent Equity shares in the company on reporting date

PARTTICULARS	AS AT MARCH 31, 2012
	Number of Shares	%
Mr. Krishan Khadaria	12785191	6.89%
M/s Golden Medows Export Private Limited	9660000	5.21%
M/s Rajat Commercial Enterprises Private Limited	NIL	NIL
M/s Kasturi Overseas Private Limited	8286000	4.47%
M/s Navyug Telefilms Private Limited	8276000	4.46%

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	185.530	154.280
(b) Reserves & Surplus	279.168	55.170
(c) Money received against share warrants	0.000	62.500
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	464.698	271.950
(3) Non-Current Liabilities
(a) long-term borrowings	3.019	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.945	0.647
Total Non-current Liabilities (3)	3.964	0.647
(4) Current Liabilities
(a) Short term borrowings	0.000	7.270
(b) Trade payables	1102.281	894.394
(c) Other current liabilities	2.481	5.367
(d) Short-term provisions	0.243	0.293
Total Current Liabilities (4)	1105.005	907.324
TOTAL	1573.667	1179.921
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	6.519	3.370
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000
(b) Non-current Investments	26.639	15.000
(c) Deferred tax assets (net)	0.145	0.065
(d) Long-term Loan and Advances	218.859	146.234
(e) Other Non-current assets	25.137	25.137
Total Non-Current Assets	277.299	189.806
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	2.361	4.983
(c) Trade receivables	1198.532	889.525
(d) Cash and cash equivalents	5.837	1.509
(e) Short-term loans and advances	89.638	94.098
(f) Other current assets	0.000	0.000
Total Current Assets	1296.368	990.115
TOTAL	1573.667	1179.921

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		154.280
2] Share Application Money		0.000
3] Reserves & Surplus		49.718
4] (Accumulated Losses)		0.000
NETWORTH		203.998
LOAN FUNDS
1] Secured Loans		20.045
2] Unsecured Loans		0.000
TOTAL BORROWING		20.045
DEFERRED TAX LIABILITIES		0.253
TOTAL		224.296
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		19.016
Capital work-in-progress		0.000
INVESTMENT		15.000
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	5.404
	Sundry Debtors	404.697
	Cash & Bank Balances	19.963
	Other Current Assets	0.000
	Loans & Advances	183.544
Total Current Assets		613.608
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	421.091
	Other Current Liabilities	1.764
	Provisions	0.473
Total Current Liabilities		423.328
Net Current Assets		190.280
MISCELLANEOUS EXPENSES		0.000
TOTAL		224.296

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	1978.504	1438.933	1350.215
		Other Income	4.912	4.587	0.720
		TOTAL (A)	1983.416	1443.520	1350.935
Less	EXPENSES
		Purchases of Stock-in-Trade	1954.321	1425.288	1346.098
		Employee Benefits Expenses	5.947	4.473
		Other Expenses	10.966	27.212
		Changes in Inventories of Stock in Trade	2.621	(24.716)
		TOTAL (B)	1973.855	1432.257	1346.098
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		9.561	11.263	4.837
Less	FINANCIAL EXPENSES (D)		1.431	2.935	0.802
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		8.130	8.328	4.035
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.513	0.579	0.430
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		7.617	7.749	3.605
Less	TAX (H)		2.369	2.297	1.823
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		5.248	5.452	1.782
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		55.170	49.718	47.936
	BALANCE CARRIED TO THE B/S		60.418	55.170	49.718
	Earnings / (Loss) Per Share (Rs.)		0.03	0.04	0.02

QUARTERLY RESULTS

Particulars (Rs. Millions)	30.06.2012	30.09.2012	31.12.2012	31.03.2013
Audited / Unaudited	Unaudited	Unaudited	Unaudited	Unaudited
Net Sales	501.800	420.300	1.800	109.300
Total Expenditure	499.000	417.200	3.100	106.500
PBIDT (Excl OI)	2.800	3.000	(1.300)	2.800
Other Income	0.100	0.100	0.100	0.000
Operating Profit	2.800	3.100	(1.200)	2.800
Interest	0.100	0.100	0.100	0.200
Exceptional Items	0.000	0.000	0.000	0.000
PBDT	2.800	3.000	(1.300)	2.700
Depreciation	0.200	0.200	0.200	0.200
Profit Before Tax	2.600	2.800	(1.500)	2.400
Tax	0.800	0.900	0.000	0.800
Provisions and contingencies	0.000	0.000	0.000	0.000
Profit After Tax	1.800	1.900	(1.500)	1.700
Extraordinary Items	0.000	0.000	0.000	0.000
Prior Period Expenses	0.000	0.000	0.000	0.000
Other Adjustments	0.000	0.000	0.000	0.000
Net Profit	1.800	1.900	(1.500)	1.700

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	0.26	0.38	0.13
Net Profit Margin (PBT/Sales)	(%)	0.38	0.54	0.27
Return on Total Assets (PBT/Total Assets}	(%)	0.49	0.67	0.57
Return on Investment (ROI) (PBT/Networth)		0.02	0.03	0.02
Debt Equity Ratio (Total Debt /Networth)		0.01	0.03	0.10
Current Ratio (Current Asset/Current Liability)		1.17	1.09	1.45

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	No
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	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	-----
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	-----
22]	Litigations that the firm / promoter involved in	-----
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	-----
26]	Buyer visit details	-----
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	No
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

Unsecured Loan	Rs. In Millions 31.03.2012	Rs. In Millions 31.03.2011
LONG-TERM BORROWINGS
Inter Corporate Deposit	0.780	0.000
TOTAL	0.780	0.000

CURRENT MATURITIES OF LONG TERM DEBT

(Rs. In Millions)

Particulars	31.03.2012	31.03.2011	31.03.2010
Current maturities of long term debt	NA	NA	NA
TOTAL	NA	NA	NA

VIEW INDEX OF CHARGES

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10337350	26/12/2011	2,500,000.00	Axis Bank Limited	TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW G ARDEN ELLISBRIDGE, AHMEDABAD, Gujarat - 380006, IN DIA	B32862450

PERFORMANCE AND FUTURE PROSPECTS

Profit before tax from the operations of the Company amounted to 7.617 Millions in this fiscal as compared to 7.749 Millions last year. The company is operating in various segments viz. Financial Consultancy, Multimedia, Electronic Division, Agriculture and Real Estate and Infrastructure, etc.

DEMERGER

The Board of Directors of the Company at its meeting held on 30th November, 2011 has approved Scheme of Demerger between Nouveau Global Ventures Limited and Pearl Agriculture Limited and Pearl Electronics Limited. Company has received in principle, approval from BSE on 28th February, 2012 and Shareholders approval on 18th May, 2012 for demerger of Agriculture division of Nouveau Global Ventures Limited into Pearl Agriculture Limited and Electronics Division into Pearl Electronics Limited respectively with effect from appointed date i.e. 1st

October, 2011, subject to the approval of the Hon'ble High Court of Bombay and other authorities as may be required for the purpose

SUBSIDIARIES

The Statement pursuant to Section 212 of the Companies Act, 1956 relating to subsidiary companies forms part of the financial statement. As required under Clause 32 of the Listing Agreement with the BSE, the financial statements of the Company have been consolidated with the Nouveau Shares and Securities Ltd. being the subsidiary of the Company. There was no activity in the company in the previous year.

NOUVEAU GLOBAL VENTURES FZE

In view of the large scale expansion drive of the company, it was proposed by the Board to set up a business entity by way of a 100% subsidiary company in UAE in free trade zone.

Company has set up a 100% subsidiary Company in Rak Al Khaimah Free Trade Zone on 5th March, 2012.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

INDUSTRY STRUCTURE AND DEVELOPMENTS

Nouveau is a diversified Company with a global presence. Their services range has applications for diverse markets in India, viz. Film Production (Bhojpuri and Bengali), Film Telecast Rights, Publications - two Film Trade Magazine "Bhojpuri city" for Bhojpuri Cinema and "Maza Cinema" for Marathi Cinema. The company is also planning New Magazine in Fashion/Cinema a fusion, Events and Celebrity. Trading in agriculture products and hardware and software etc

During the period, the Company has filed a scheme of Demerger with Bombay High Court for demerger of its Agriculture business in a newly incorporated Company named 'Pearl Agriculture Limited' and Software and Hardware business into 'Pearl Electronics Limited'. Shareholders of Nouveau Global Ventures Limited will be given shares of Pearl Agriculture Limited and Pearl Electronics Limited as stated in the Scheme of Demerger approved by the shareholders of Nouveau on 18th May, 2012.

Company has also incorporated a wholly owned subsidiary in Rak Al Khaimah Free Trade Zone in Dubai 'Nouveau Global Ventures FZE' on 5^th March, 2012.

SEGMENT WISE / PRODUCT WISE PERFORMANCE

The Segment wise Performance of the Company is disclosed in to the Balance Sheet. The Company has performed well in divisions likewise Software and Hardware, Trading in Electronic Goods, Agriculture Products and Multimedia activities. During the financial under review the software business has proved most profitable to the Company. The major output generated during the year is from the dealing in Software and Hardware. The segment of financing and dealing in Share Market has declined to a greater extent and very small portion of profit forms part of the same.

OUTLOOK

All divisions are diverse in nature and require special expertise for its effective functioning. It is not possible to pull the common resources to function the said divisions. The new segment of software and hardware dealing started by the Company has proved profitable to the Company and is forming a major portion of profitability of the Company. Therefore to focus the operations of each division it was decided to demerged the two divisions viz. Electronic Divisions and Agriculture Division.

The demerger of the undertakings has benefits of more focused operations and the resulting companies will be at better position to access the new capital and further growth. This will also make the resulting companies more competitive in respect of better business opportunities.

The Scheme aims to achieve independent decisions regarding use of cash flows, capital expenditure etc.

The public shareholders of the Demerged Company would, upon implementation of the Scheme, apart from continuing to be shareholders of the Demerged Company also be the shareholders of the Resulting Companies thereby providing them with an opportunity to participate in the management, operations, decision making process and profits of both the Demerged Company and the Resulting Companies.

Demerger of the two divisions will also provide flexibility to shareholders who want to invest only in one or more divisions and thus create value for such shareholders.

The proposed demerger is in the interest of all the parties to this Scheme and their respective shareholders and creditors, and will in long-term be in the interest and welfare of employees.

Company is also having a partnership firm under the name "GLOBAL ENTERPRISES" with Mrs. Asha Khadaria as a partner. The object of the Partnership business is that to act as dealers, distributors, commission agents, traders and other allied business and or to make investment in shares and securities of the Companies etc.

FINANCIAL PERFORMANCE

The Company's financial performance has been consistent. The Company's financial performance is discussed in detail under the head "Performance and Future prospects" in Directors Report to the Members.

FIXED ASSETS

· Furniture and Fittings

· Motor Vehicles

· Office Equipments

· Air Conditioners

· Computers

· Motor Car

· Office at Jaipur

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. 59.44
UK Pound	1	Rs. 91.24
Euro	1	Rs. 78.43

INFORMATION DETAILS

Information Gathered by :	PDT
Report Prepared by :	DPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	6
--RESERVES	1~10	5
--CREDIT LINES	1~10	6
--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	YES
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		46

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	-

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.