MIRA INFORM REPORT

Report Date :

24.06.2013

IDENTIFICATION DETAILS

Name :	VOLTA IMPEX PRIVATE LIMITED
Registered Office :	123/3RT, S R. Nagar 123/3RT, First Floor, Hyderabad-500038, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	14.10.1996
Com. Reg. No.:	01-025467
Capital Investment / Paid-up Capital :	Rs. 10.000 Millions
CIN No.: [Company Identification No.]	U52100AP1996PTC025467
PAN No.: [Permanent Account No.]	AAACV8160F
Legal Form :	Private Limited Liability Company
Line of Business :	Exporters of Engineering Items For Steel And Cement Plants, Chemical Machinery, Construction Machinery, Wheelbarrows And Handcarts, Mould.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

A (60)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 3440000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established company having a fine track record. The financial position of the company appears to be sound and healthy. The company has achieved better growth in its turnover and profits during 2012. Directors are reported as well-experienced and knowledgeable businessmen. Trade relations are trustworthy. Business is active. Payment terms are regular and as per commitment. The company can be considered good 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.

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 :	123/3RT, S R. Nagar 123/3RT, First Floor, Hyderabad-500038, Andhra Pradesh, India
Tel. No.:	91-40-23813280 / 23810062 / 23810063
Fax No.:	91-40-23715606
E-Mail :	hyddins@gmail.com
Website :	www.voltaimpex.com

DIRECTORS

As on : 29.09.2012

Name :

Mr. Subhas Chandra Bose Venigalla

Designation :

Managing director

Address :

Flat No: D2, Satya Sai Apartments Kamalapuri Colony, Hyderabad, Andhra Pradesh, India

Date of Birth/Age :

25.08.1948

Date of Appointment :

24.07.2005

DIN No.:

00353729

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	U27310AP1985PTC005484	MARTOPEARL ALLOYS PVT LTD	Director	10-01-01	10-01-01	-	Active	NO
2	U26942AP2002PTC039450	TOSHALI CEMENTS PRIVATE LIMITED	Director	10-05-03	10-05-03	-	Active	NO
3	U63022AP2004PTC042693	MUNERU INDUSTRIES PRIVATE LIMITED	Director	10-03-04	10-03-04	-	Active	NO
4	U70102AP2004PTC042974	VOLTA ESTATES PRIVATE LIMITED	Director	23-08-04	23-08-04	-	Active	NO
5	U52100AP1996PTC025467	VOLTA IMPEX PRIVATE LIMITED	Director	24-07-05	24-07-05	-	Active	NO
6	U70200AP2006PTC051398	PRIDHVI EDIFICES PRIVATE LIMITED	Director	13-10-06	13-10-06	-	Active	NO
7	U24110AP1995PLC020126	VISHWAJIT CHEMICALS LIMITED	Director	29-09-08	05-07-08	-	Active	NO
8	U24110AP1985PTC005825	VINYL CHEMICALS PRIVATE LIMITED	Director	24-09-08	05-07-08	-	Active	NO
9	U01119AP2004PTC043724	ROMITHA FLORITECH PRIVATE LIMITED	Director	09-03-09	09-03-09	-	Active	NO

Name :

Mr. Narayana Rao Doddapaneni

Designation :

Director

Address :

Plot No:373,Vivekananda Nagar Kukatpally, Hyderabad-500072, Andhra Pradesh, India

Date of Birth/Age :

01.04.1960

Date of Appointment :

24.07.2005

PAN No :

ACNPD2093H

DIN No.:

00517674

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	U18101AP2004PTC044124	VOLTA FASHIONS PRIVATE LIMITED	Director	09-09-04	09-09-04	-	Active	NO
2	U52100AP1996PTC025467	VOLTA IMPEX PRIVATE LIMITED	Director	24-07-05	24-07-05	-	Active	NO
3	U74210AP1972PTC001524	PAPER ENGINEERING SERVICES PVT LTD	Director	01-04-11	01-04-11	-	Active	NO
4	U14290AP2012PTC079932	VOLTA GRANITES PRIVATE LIMITED	Director	26-03-12	26-03-12	-	Active	NO

Name :

Mr. Rajyalakshmi Motaparti

Designation :

Managing director

Address :

Plot No: 918, Road No:47, Jubilee Hills, Hyderabad- 500033, Andhra Pradesh, India

Date of Birth/Age :

21.05.1951

Date of Appointment :

01.04.2008

PAN No :

ACQPM1499M

DIN No.:

00343848

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	U27310AP1985PTC005484	MARTOPEARL ALLOYS PVT LTD	Director	10-01-01	10-01-01	-	Active	NO
2	U52100AP1996PTC025467	VOLTA IMPEX PRIVATE LIMITED	Managing director	01-04-08	24-07-02	-	Active	NO
3	U26942AP2002PTC039450	TOSHALI CEMENTS PRIVATE LIMITED	Managing director	10-05-03	10-05-03	-	Active	NO
4	U70102AP2004PTC042974	VOLTA ESTATES PRIVATE LIMITED	Director	31-03-04	31-03-04	-	Active	NO
5	U01119AP2004PTC043724	ROMITHA FLORITECH PRIVATE LIMITED	Director	22-07-04	22-07-04	-	Active	NO
6	U18101AP2004PTC044124	VOLTA FASHIONS PRIVATE LIMITED	Director	09-09-04	09-09-04	-	Active	NO
7	U92111AP1956PTC001139	SRI SARATHI STUDIOS PRIVATE LIMITED	Director	29-09-06	29-09-06	-	Active	NO
8	U72200AP2003PLC041856	MEZZEQUITY SOFTWARE SERVICES LIMITED	Director	29-09-06	29-09-06	-	Active	NO
9	U70200AP2006PTC051398	PRIDHVI EDIFICES PRIVATE LIMITED	Director	13-10-06	13-10-06	-	Active	NO
10	U74210AP1972PTC001524	PAPER ENGINEERING SERVICES PVT LTD	Director	02-04-07	02-04-07	-	Active	NO
11	U24110AP1985PTC005825	VINYL CHEMICALS PRIVATE LIMITED	Additional director	29-01-08	29-01-08	05-07-08	Active	NO
12	U24110AP1995PLC020126	VISHWAJIT CHEMICALS LIMITED	Additional director	29-01-08	29-01-08	05-07-08	Active	NO
13	U27100AP2008PTC058346	DUCCAN ALLOY CASTINGS PRIVATE LIMITED	Director	26-03-08	26-03-08	-	Under Process of Striking off	NO
14	U63022AP2004PTC042693	MUNERU INDUSTRIES PRIVATE LIMITED	Director	06-08-08	06-08-08	-	Active	NO
15	U29253AP2010PTC069864	DUCCAN ALLOY CASTINGS (I) PRIVATE LIMITED	Director	06-08-10	06-08-10	-	Active	NO
16	U45201KA2010PTC056136	WINDSOR EDIFICES PRIVATE LIMITED	Director	03-12-10	03-12-10	-	Active	NO
17	U26950AP2011PTC074244	PRAKRUTHI CEMENTS PRIVATE LIMITED	Director	03-05-11	03-05-11	-	Active	NO
18	U45400AP2012PTC078440	ARNAV EDIFICES PRIVATE LIMITED	Director	06-01-12	06-01-12	-	Active	NO
19	U14290AP2012PTC079932	VOLTA GRANITES PRIVATE LIMITED	Director	26-03-12	26-03-12	-	Active	NO

Name :

Mr. Ramakrishna Prasad Amudalapalli

Designation :

Additional director

Address :

8-3-169/141/302, Flat No: 302 Siri Mansion, Siddharthanagar,Vengalarao Nagar, Hyderabad- 500038, Andhra Pradesh, India

Date of Birth/Age :

28.08.1958

Date of Appointment :

01.04.2008

DIN No.:

02109258

Name :

Mr. Siva Rama Vara Prasad Motaparti

Designation :

Director

Address :

Plot No: 918, Road No: 47 Jubilee Hills, Hyderabad- 500033, Andhra Pradesh, India

Date of Birth/Age :

15.05.1948

Date of Appointment :

01.04.2008

DIN No.:

00170919

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	U27310AP1985PTC005484	MARTOPEARL ALLOYS PVT LTD	Director	10-01-01	10-01-01	-	Active	NO
2	U65910AP1996PLC023310	HERITAGE FINLEASE LIMITED	Director	23-03-02	23-03-02	31-03-12	Active	NO
3	U26942AP2002PTC039450	TOSHALI CEMENTS PRIVATE LIMITED	Director	10-05-03	10-05-03	-	Active	NO
4	U70102AP2004PTC042974	VOLTA ESTATES PRIVATE LIMITED	Director	31-03-04	31-03-04	-	Active	NO
5	U18101AP2004PTC044124	VOLTA FASHIONS PRIVATE LIMITED	Director	09-09-04	09-09-04	-	Active	NO
6	U52100AP1996PTC025467	VOLTA IMPEX PRIVATE LIMITED	Director	01-04-08	01-04-06	-	Active	NO
7	U74210AP2006PTC050902	DESIGN TRIBE ( INDIA ) PRIVATE LIMITED.	Director	14-08-06	14-08-06	-	Active	NO
8	U92111AP1956PTC001139	SRI SARATHI STUDIOS PRIVATE LIMITED	Director	29-09-06	29-09-06	-	Active	NO
9	U72200AP2003PLC041856	MEZZEQUITY SOFTWARE SERVICES LIMITED	Director	29-09-06	29-09-06	-	Active	NO
10	U67120AP2007PLC053327	PRIDHVI ASSET RECONSTRUCTION AND SECURITISATION COMPANY LIMITED	Director	29-03-07	29-03-07	-	Active	NO
11	U74210AP1972PTC001524	PAPER ENGINEERING SERVICES PVT LTD	Director	02-04-07	02-04-07	-	Active	NO
12	U72200AP2007FTC054351	KEYPOINT TECHNOLOGIES (INDIA) PRIVATE LIMITED	Director	07-06-07	07-06-07	-	Active	NO
13	U27100AP2008PTC058346	DUCCAN ALLOY CASTINGS PRIVATE LIMITED	Director	26-03-08	26-03-08	-	Under Process of Striking off	NO
14	U45200AP2010PTC066730	VIRINCHI INFRATECH PRIVATE LIMITED	Director	20-01-10	20-01-10	-	Active	NO
15	U29253AP2010PTC069864	DUCCAN ALLOY CASTINGS (I) PRIVATE LIMITED	Director	06-08-10	06-08-10	-	Active	NO
16	U45201KA2010PTC056136	WINDSOR EDIFICES PRIVATE LIMITED	Director	03-12-10	03-12-10	-	Active	NO
17	U26950AP2011PTC074244	PRAKRUTHI CEMENTS PRIVATE LIMITED	Director	03-05-11	03-05-11	-	Active	NO
18	U34200AP2011PLC074442	DECCAN AUTO LIMITED	Director	12-05-11	12-05-11	-	Active	NO
19	U67190AP2012PLC078661	TOUCHSTONE EQUITIES LIMITED	Director	19-01-12	19-01-12	-	Active	NO
20	U72200AP2012PTC082782	BITCHEMY VENTURES PRIVATE LIMITED	Director	30-08-12	30-08-12	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on : 29.09.2012

Names of Shareholders	No. of Shares
Rajyalakshmi Motaparti	15000
Siva Rama Vara Prasad Motaparti	40000
Mukhesh Manubhai Patel	20000
Bimal Manubhai Patel	20000
B Babu Rao	5000
Total	100000

Equity Share Break up (Percentage of Total Equity)

As on : 29.09.2012

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Exporters of Engineering Items For Steel And Cement Plants, Chemical Machinery, Construction Machinery, Wheelbarrows And Handcarts, Mould.

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	· HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel West, Mumbai – 400013, Maharashtra, India · Indian bank · Andhra Bank · State Bank of Hyderabad · Citi Bank N.A · State Bank of India
Facilities :	--

Auditors :
Name :	Venkatappaiah and Company Chartered Accountants
Address :	A2 Harika Nest MIG 53/1, Road 1 Phase 1 KPHB, Hyderabad, Andhra Pradesh, India
Tel. No.:	91-40-23057251
Mobile No.:	91-9393074261 / 9393015923
E-Mail :	ca.rajakrishna@gmailcom
PAN No.:	AAGFV3015L
Associates :	· Martopearl Alloys Private Limited, India CIN : U27310AP1985PTC005484 · Duccan Alloy Castings (I) Private Limited, India CIN : U29253AP2010PTC069864 · Paper Engineering Services Private Limited, India CIN : U74210AP1972PTC001524 · Toshali Cements Private Limited, India CIN : U26942AP2002PTC039450 · Volta Fashions Private Limited, India CIN :U70102AP2004PTC042974 · Pridhvi Edifices Private Limited, India CIN : U70200AP2006PTC051398

CAPITAL STRUCTURE

As on : 29.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
190000	Equity Shares	Rs. 100/- each	Rs. 19.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs. 100/- each	Rs. 10.000 Millions

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	10.000	10.000
(b) Reserves & Surplus	850.727	593.301
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	860.727	603.301
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	39.409	16.608
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	39.409	16.608
(4) Current Liabilities
(a) Short term borrowings
(b) Trade payables	77.631	66.797
(c) Other current liabilities	31.270	88.914
(d) Short-term provisions	137.351	106.770
Total Current Liabilities (4)	246.252	262.481
TOTAL	1146.388	882.390
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	142.219	142.325
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	10.207	2.964
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	61.194	46.444
(c) Deferred tax assets (net)	1.404	1.087
(d) Long-term Loan and Advances	106.243	128.089
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	321.267	320.909
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	60.279	46.215
(c) Trade receivables	647.033	436.719
(d) Cash and cash equivalents	51.120	11.024
(e) Short-term loans and advances	66.689	67.523
(f) Other current assets	0.000	0.000
Total Current Assets	825.121	561.481
TOTAL	1146.388	882.390

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		10.000
2] Share Application Money		0.000
3] Reserves & Surplus		481.258
4] (Accumulated Losses)		0.000
NETWORTH		491.258
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.000
TOTAL BORROWING		0.000
DEFERRED TAX LIABILITIES		0.000
TOTAL		491.258
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		98.514
Capital work-in-progress		0.000
INVESTMENT		27.644
DEFERRED TAX ASSETS		0.963
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	42.504
	Sundry Debtors	295.520
	Cash & Bank Balances	109.940
	Other Current Assets	0.000
	Loans & Advances	166.816
Total Current Assets		614.780
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	60.646
	Other Current Liabilities	64.759
	Provisions	125.238
Total Current Liabilities		250.643
Net Current Assets		364.137
MISCELLANEOUS EXPENSES		0.000
TOTAL		491.258

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income
		Other Income
		TOTAL	1383.100	941.700	621.017
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL	989.300	770.700	471.969
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		393.800	171.000	149.048
Less/ Add	DEPRECIATION/ AMORTISATION		3.400	3.500	3.379
	PROFIT BEFORE TAX		390.400	167.500	145.669
Less	TAX		133.000	55.000	51.368
	PROFIT AFTER TAX		257.400	112.000	94.301
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		433.300	331.258	246.958
	BALANCE CARRIED TO THE B/S		688.900	433.300	331.258
	Earnings Per Share (Rs.)		2574.00	1.12	NA

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	18.61	11.89	15.18
Return on Total Assets (PBT/Total Assets}	(%)	36.36	20.13	20.42
Return on Investment (ROI) (PBT/Networth)		0.02	0.28	0.30
Current Ratio (Current Asset/Current Liability)		3.35	2.14	2.45

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	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	No
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	U52100AP1996PTC025467
Name of the company	VOLTA IMPEX PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	123/3RT,S.R.Nagar,123/3RT,S.R.Nagar, Hyderabad–500038, Andhra Pradesh, India Email : hyddins@gmail.com
This form is for	Creation of Charge
Type of charge	HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel West, Mumbai – 400013, Maharashtra, India CIN : L65920MH1994PLC080618 Email : Ranjith.Fernando@hdfcbank.com
Nature of instrument creating charge	Memorandum Recording Past Transactions of Creation of Mortgage by Delivery of Title Deeds.
Date of instrument Creating the charge	25.04.2013
Amount secured by the charge	Rs. 30.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest : Interest at the rate as may be communicated by the Bank from time to time. Terms of Repayment : Loan shall be repayable in suitable installment. Margin : As may be stipulated by the Bank from time to time. Extend of operation of the charge : The Company created an equitable mortgage by way of deposit of title deeds in respect of its immovable properties as stated under item No.15 as security for the due repayment of Rs.30.000 Millions granted by bank to Volta Impex Private Limited, Rajya Lakshmi Motaparti, Siva Rama Vora Prasad Motaparti, Sunil Prasad Motaparti, Hezzequity Software Services Limited Others : (The Borrowers), including principal amount of the Facility, interest, liquidated damages, costs, charges and expenses etc.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Immovable Property Situated at South Wing 1 of Fifth Floor, Commercial Complex, Plot No. 61 Part, 6A, 6B, Survey. No. 186 and 187 part, Kondapur Village, Serilingampally Mandal.

FIXED ASSETS:

· Land

· Building

· Furniture and Fixture

· Computers

· Office Equipment

· Vehicles

· Electrical Fittings

· Generator

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. 59.35
UK Pound	1	Rs. 92.11
Euro	1	Rs. 78.59

INFORMATION DETAILS

Report Prepared by :

NIS

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	7
--PROFITABILIRY	1~10	7
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	8
--RESERVES	1~10	8
--CREDIT LINES	1~10	9
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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		60

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.