MIRA INFORM REPORT

Report Date :

07.06.2013

IDENTIFICATION DETAILS

Name :	C KRISHNIAH CHETTY AND SONS PRIVATR LIMITED
Registered Office :	35, 1^st Floor, Commercial Street, Bangalore – 560001, Karnataka
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	24.12.1997
Com. Reg. No.:	08-003692
Capital Investment / Paid-up Capital :	Rs. 48.640 Millions
CIN No.: [Company Identification No.]	U27205KA1979PTC003692
PAN No.: [Permanent Account No.]	AAACC7207Q
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturing and selling of Gold, Diamond, Silver jewelry and Articles.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (48)

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

Maximum Credit Limit :	USD 2402000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having a satisfactory track record. Financially company seems to be good. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct and as per commitment. The company can be considered for normal business dealings at usual trade terms and condition.

NOTES :

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

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

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

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 :	35, 1^st Floor, Commercial Street, Bangalore – 560001, Karnataka, India Karnataka – 560001, India
Tel. No.:	Not Available
Fax No.:	Not Available
Website :	www.ckcsons.com
Corporate Office :	The Touchstone, III Floor, No. 2 and 2/1, Main Guard Road, Bangalore – 560001, Karnataka, India
Tel. No.:	91-80-40001869/25588731
Fax No.:	91-88-25589604
E-Mail :	myjeweller@ckcsons.com

DIRECTORS

As on 26.09.2012

Name :

Mr. Hayagriv venkatachalapathy Chetty Cotha

Designation :

Whole-time Director

Address :

1/34 ,W.H. Hanumanthappa Layout, Ulsoor Road , Bangalore, 560042, Karnataka, India

Date of Birth/Age :

26-03-1938

Date of Appointment :

24-12-1979

DIN No.:

00202585

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	U27205KA1979PTC003692	C KRISHNIAH CHETTY AND SONS PRIVATE LIMITED	Whole-time director	24/12/1979	24/12/1979	-	Active	NO
2	U85110KA1991PTC011807	C. KRISHNIAH CHETTY JEWELLERS PRIVATE LIMITED	Managing director	27/03/1991	27/03/1991	-	Active	NO
3	U51398KA1993PTC013997	SIGMA GOLD PRIVATE LIMITED	Whole-time director	10/02/1993	10/02/1993	-	Converted to LLP and dissolved	NO
4	AAA-4107	SIGMA GOLD LLP	Designated Partner	15/03/2011	15/03/2011	-	Active	NO

Name :

Mr. Vinod Hayagriv Cotha

Designation :

Managing director

Address :

1/34 ,W.H. Hanumanthappa Layout, Ulsoor Road , Bangalore, 560042, Karnataka, India

Date of Birth/Age :

21-01-1960

Date of Appointment :

24-12-1979

PAN No.:

AANPG1449C

DIN No.:

00202614

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	U27205KA1979PTC003692	C KRISHNIAH CHETTY AND SONS PRIVATE LIMITED	Managing director	24/12/1979	24/12/1979	-	Active	NO
2	U85110KA1991PTC011807	C. KRISHNIAH CHETTY JEWELLERS PRIVATE LIMITED	Director	27/07/2010	27/03/1991	-	Active	NO
3	U51398KA1993PTC013997	SIGMA GOLD PRIVATE LIMITED	Whole-time director	10/02/1993	10/02/1993	-	Converted to LLP and dissolved	NO
4	U93090KA2001NPL028969	YPO BANGALORE CHAPTER	Director	02/05/2001	02/05/2001	20/09/2009	Active	NO
5	U91990MH2005NPL154999	ALL INDIA GEMS AND JEWELLERY TRADE FEDERATION	Director	20/12/2007	20/12/2007	-	Active	NO
6	U74990MH2008NPL188773	GJF EVENTS AND PROMOTIONS FEDERATION	Director	12/04/2009	12/04/2009	01/04/2011	Active	NO
7	U14215KA2010PTC052829	C. KRISHNIAH CHETTY AND SONS MANUFACTURERS PRIVATE LIMITED	Director	27/07/2010	11/03/2010	-	Active	NO
8	U80904MH2012NPL233740	THE GEM AND JEWELLERY SKILL COUNCIL OF INDIA	Director	24/07/2012	24/07/2012	-	Active	NO
9	AAA-4107	SIGMA GOLD LLP	Designated Partner	15/03/2011	15/03/2011	-	Active	NO

Name :

Mr. Ganesh Narayan Cotha

Designation :

JT. Managing Director

Address :

"Krishna Prasad "#14/A 1st Main, 1st Block Koramangala, Bangalore, 560034, Karnataka, India

Date of Birth/Age :

06-09-1978

Date of Appointment :

31-01-1997

PAN No.:

AANPG1449C

DIN No.:

00202638

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	U27205KA1979PTC003692	C KRISHNIAH CHETTY AND SONS PRIVATE LIMITED	Managing director	27/07/2010	31/01/1997	-	Active	NO
2	U03691KA1982PTC004687	DEEPALI CO PRIVATE LIMITED	Managing director	20/09/2010	19/12/1998	-	Active	NO
3	U85110KA1991PTC011807	C. KRISHNIAH CHETTY JEWELLERS PRIVATE LIMITED	Director	27/07/2010	11/12/1999	-	Active	NO
4	U14215KA2010PTC052829	C. KRISHNIAH CHETTY AND SONS MANUFACTURERS PRIVATE LIMITED	Director	27/07/2010	11/03/2010	-	Active	NO
5	U45204KA2012PTC067222	PINEWOOD INFRASTRUCTURE PRIVATE LIMITED	Director	12/12/2012	12/12/2012	-	Active	NO

Name :

Mr. Visala Hayagriv Cotha Director

Designation :

Director

Address :

1/34 ,W.H. Hanumanthappa Layout, Ulsoor Road , Bangalore, 560042, Karnataka, India

Date of Birth/Age :

28-10-1941

Date of Appointment :

01-09-1993

DIN No.:

00202663

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	U51398KA1993PTC013997	SIGMA GOLD PRIVATE LIMITED	Director	10/02/1993	10/02/1993	-	Converted to LLP and dissolved	NO
2	U27205KA1979PTC003692	C KRISHNIAH CHETTY AND SONS PRIVATE LIMITED	Director	01/09/1993	01/09/1993	-	Active	NO Bottom of Form

Name :

Mr. Valli Narayan Cotha

Designation :

Director

Address :

Krishna Prasad "#14/A 1st Main, 1st Block Koramangala, Bangalore, 560034, Karnataka, India

Date of Birth/Age :

10-12-1945

Date of Appointment :

01-09-1993

DIN No.:

00202728

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	U03691KA1982PTC004687	DEEPALI CO PRIVATE LIMITED	Director	20/03/1982	20/03/1982	-	Active	NO
2	U27205KA1979PTC003692	C KRISHNIAH CHETTY AND SONS PRIVATE LIMITED	Director	01/09/1993	01/09/1993	-	Active	NO
3	U14215KA2010PTC052829	C. KRISHNIAH CHETTY AND SONS MANUFACTURERS PRIVATE LIMITED	Director	11/03/2010	11/03/2010	-	Active	NO

Name :

Mr. Triveni Vinod Cotha

Designation :

Director

Address :

1/34 ,W.H. Hanumanthappa Layout, Ulsoor Road , Bangalore, 560042, Karnataka, India

Date of Birth/Age :

27-07-1965

Date of Appointment :

01-09-1993

DIN No.:

00202702

Name :

Mr. Chaitanya Vinod Cotha

Designation :

Director

Address :

1/34 ,W.H. Hanumanthappa Layout, Ulsoor Road , Bangalore, 560042, Karnataka, India

Date of Birth/Age :

24-03-1987

Date of Appointment :

25-03-2005

DIN No.:

00202759

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	U27205KA1979PTC003692	C KRISHNIAH CHETTY AND SONS PRIVATE LIMITED	Director	25/03/2005	25/03/2005	-	Active	NO
2	U14215KA2010PTC052829	C. KRISHNIAH CHETTY AND SONS MANUFACTURERS PRIVATE LIMITED	Director	11/03/2010	11/03/2010	-	Active	NO
3	U85110KA1991PTC011807	C. KRISHNIAH CHETTY JEWELLERS PRIVATE LIMITED	Director	27/07/2010	27/07/2010	-	Active	NO

Name :

Mr. Shreyas Vinod Cotha

Designation :

Whole-Time Director

Address :

1/34 ,W.H. Hanumanthappa Layout, Ulsoor Road , Bangalore, 560042, Karnataka, India

Date of Birth/Age :

30-03-1989

Date of Appointment :

01-04-2007

PAN No.:

AHQPC8897C

DIN No.:

01489729

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	U27205KA1979PTC003692	C KRISHNIAH CHETTY AND SONS PRIVATE LIMITED	Whole-time director	03/02/2012	01/04/2007	-	Active	NO
2	U85110KA1991PTC011807	C. KRISHNIAH CHETTY JEWELLERS PRIVATE LIMITED	Director	27/07/2010	27/07/2010	-	Active	NO

MAJOR SHAREHOLDERS

As on 26.09.2012

Names of Shareholders	No. of Shares
Cotha Vinod Hayagriv	3520
Cotha Ganesh Narayan	10800
Cotha Valli Narayan	4000
Cotha Triveni Vinod	2240
Cotha Vinod Hayagriv HUF	480
C.V. Hayagriv and Visala Hayagriv	2000
C. Visala Hayagriv	5120
C.V. Hayagriv – Minor HUF	3520
C.V. Hayagriv – Major HUF	3040
Chaitanya Vinod Cotha	2190
Shreyas Vinod Cotha	2190
C. Vinod Hayagriv and C. Triveni Vino	20
C. Valli Narayan and C. Ganesh Narayan	5760
C. Ganesh Narayan - HUF	3760
Total	48640

Equity Share Break up (Percentage of Total Equity)

As on 26.09.2012

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing and selling of Gold, Diamond, Silver jewelry and Articles.

Products :

Product Description	ITC Code
Jewellery	7101

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

• ING Vysya Bank Limited, 22,Ground Floor, ING Vysya House, M.G.Road, Bangalore - 560001, Karnataka, India
• State Bank of India, Industrial Finance Branch, Residency Plaza, Bangalore – 560025, Karnataka, India

Facilities :

Secured Loan	As on 31.03.2012 Rs. In Millions	As on 31.03.2011 Rs. In Millions
Rupee term loans from banks (Term loan from a bank is secured against first charge on assets of the Company excluding vehicles purchased out of loans from bank and companies)	143.593	174.884
Rupee term loans from others (Loans from related parties are secured against the second floating charge against the fixed assets, inventories and other assets of the Company)	99.800	120.150
Intercorporate borrowings (Term loans from Companies are secured against Motorcars)	1.053	6.508
Loans repayable on demand from banks	535.089	537.185
Total	779.535	838.727

Banking Relations :	--
Auditors :
Name :	B K Ramadhyani and Company Chartered Accountant
Address :	4B, Chitrapur Bhavan, 8^th Main, 15^th Cross Malleswaram, Bangalore - 560 055, Karnataka, India
PAN No.:	AABFB1153G
Enterprises which are owned, or have significant influence of or are partners with key management personnel and their relative:	C Krishniah Chetty and Sons Manufacturers Private Limited C Krishniah Chetty Jewelers Private Limited ,("CKCJPL") Deepali Company Private Limited Sigma Gold LLP C Krishnaiah Chetty Foundation ("CKCF")

CAPITAL STRUCTURE

As on 26.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.1000/- each	Rs. 50.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
48640	Equity Shares	Rs.1000/- each	Rs. 48.640 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2012	31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		48.640	4.864	4.864
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		551.873	482.970	401.421
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		600.513	487.834	406.285
LOAN FUNDS
1] Secured Loans		779.535	838.727	766.868
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		779.535	838.727	766.868
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		1380.048	1326.561	1173.153
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		204.309	251.961	187.189
Capital work-in-progress		0.000	0.600	50.673
INVESTMENT		0.001	0.001	0.001
DEFERRED TAX ASSETS		17.625	3.886	1.852
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1803.455	1413.626	1257.134
	Sundry Debtors	8.031	42.011	4.595
	Cash & Bank Balances	41.205	40.753	18.002
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	80.180	60.848	42.973
Total Current Assets		1932.871	1557.238	1322.704
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	288.660	233.960	283.247
	Other Current Liabilities	424.411	244.265	90.276
	Provisions	61.687	8.900	15.743
Total Current Liabilities		774.758	487.125	389.266
Net Current Assets		1158.113	1070.113	933.438
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		1380.048	1326.561	1173.153

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	NET SALE		3754.644	3026.136	2286.114
	EXPENSES		NA	NA	NA
	PROFIT BEFORE TAX		169.495	122.901	99.955
Less	TAX		56.817	41.352	33.553
	PROFIT AFTER TAX		112.678	81.549	66.402
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		367.910	294.516	246.097
Less	APPROPRIATIONS
		Transfer to General Reserve	0.000	8.155	6.640
		Dividend	0.000	0.000	9.728
		Tax on Dividend	0.000	0.000	1.617
	BALANCE CARRIED TO THE B/S		480.588	367.910	294.516
	EARNINGS IN FOREIGN CURRENCY (F.B.O. Value of Import )		137.326	123.388	129.264
	IMPORTS (C.I.F. Value of Import)		18.118	27.605	33.761
	Earnings Per Share (Rs.)		2316.57	16766.00	13652.00

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
Net Profit Margin (PBT/Sales)	(%)	4.51	4.06	4.37
Return on Total Assets (PBT/Total Assets}	(%)	7.93	6.79	6.62
Return on Investment (ROI) (PBT/Networth)		0.28	0.25	0.25
Debt Equity Ratio (Total Debt /Networth)		1.30	1.72	1.89
Current Ratio (Current Asset/Current Liability)		1.67	1.46	1.42

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	---------
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	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	Yes
32]	PAN 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

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U27205KA1979PTC003692
Name of the company	C KRISHNIAH CHETTY AND SONS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	35, 1^st Floor, Commercial Street, Bangalore – 560001, Karnataka, India Karnataka – 560001, India
This form is for	Creation of charge
Type of charge	Movable property (not being pledge)
Particular of charge holder	ING Vysya Bank Limited, 22,Ground Floor, ING Vysya House, M.G.Road, Bangalore - 560001, Karnataka, India
Nature of instrument creating charge	Deed of General Hypothecation.
Date of instrument Creating the charge	30.08.2012
Amount secured by the charge	Rs. 180.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest TL I : IVBR+1.55% TL II : IVBR+1.55% Terms of Repayment TL I : Repayable in 24 monthly installments(First 23 installments of Rs. 237.200 Millions pm and last installment of Rs. 44.400 Millions plus interest) TL II : Repayable in 62 monthly installments(First 61 installments of Rs. 203.200 Millions pm and last installment of Rs. 104.800 Millions plus interest) Margin TL I-II : Minimum 25% Extent and Operation of the charge First charge on the machineries of the company. Others TL I : Rs. 55.000 Millions TL II : Rs. 125.000 Millions Total exposure is Rs. 180.000 Millions
Short particulars of the property or asset(s) charged (including complete address and location of the property)	All the machineries of the company kept or to be kept at The Touhchstone, No.3 and 3/1, Main Guard Cross Road, Bangalore-560001 No. 517/41, 46th Cross, 5th Block, Jayanagar Municipal Ward No. 58, Bangalore. No. 65, No. 65/1, Narayana Chetty Road, Bangalore No. 35 and 36, Commercial Street, Bangalore

PERFORMANCE OF THE COMPANY:

During the year the Company has recorded net sales of Rs. 3754.644 Millions as against the Previous Year net sales of Rs. 3026.136 Millions and Profit before tax of Rs. 169.495 Millions as against the previous year Rs. 122.901 Millions.

FIXED ASSETS:

• Plant and equipment
• Factory equipments
• Furniture and fixtures
• Vehicles
• Motor vehicles
• Office equipment
• Computer equipments
• Leasehold improvements

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. 56.87
UK Pound	1	Rs. 87.65
Euro	1	Rs. 74.52

INFORMATION DETAILS

Report Prepared by :

VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--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
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		48

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.