1. Summary Information

		Country	India
Company Name	JAIMAL TRADERS PRIVATE LIMITED	Principal Name 1	Mr. Subhashchandra G. Malhotra
Status	Moderate	Principal Name 2	Mr. Deepak S. Malhotra
		Registration #	11-171087
Street Address	109, Central Avenue Road, Nagpur – 440 018, Maharashtra
Established Date	23.05.2007	SIC Code
Telephone#	91-712-2722932	Business Style 1	Trader
Fax #	91-712-2721578	Business Style 2	--
Homepage	sagdeo1@gmail.com	Product Name 1	T.V.
# of employees	9 (Approximately)	Product Name 2	LCDs
Paid up capital	Rs.19,700,200/-	Product Name 3	Washing Machines
Shareholders	Directors or relatives of directors 100.00%	Banking	State Bank of Patiala
Public Limited Corp.	No	Business Period	6 Years
IPO	No	International Ins.	--
Public Enterprise	No	Rating	B (28)
Related Company
Relation	Country	Company Name	CEO
--	--	--	--
Note	--

2. Summary Financial Statement

Balance Sheet as of	31.03.2012		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	82,664,000	Current Liabilities	59,702,000
Inventories	83,199,000	Long-term Liabilities	81,968,000
Fixed Assets	8,133,000	Other Liabilities	1,795,000
Deferred Assets	0,000	Total Liabilities	143,465,000
Invest& other Assets	2,000,000	Retained Earnings	12,831,000
		Net Worth	32,531,000
Total Assets	175,996,000	Total Liab. & Equity	175,996,000
Total Assets (Previous Year)	146,089,000
P/L Statement as of	31.03.2012		(Unit: Indian Rs.)
Sales	562,732,000	Net Profit	4,372,000
Sales(Previous yr)	527,257,000	Net Profit(Prev.yr)	3,349,000

MIRA INFORM REPORT

Report Date :

25.06.2013

IDENTIFICATION DETAILS

Name :	JAIMAL TRADERS PRIVATE LIMITED
Registered Office :	109, Central Avenue Road, Nagpur – 440 018, Maharashtra
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	23.05.2007
Com. Reg. No.:	11-171087
Capital Investment / Paid-up Capital :	Rs.19.700 Millions
CIN No.: [Company Identification No.]	U51909MH2007PTC171087
Legal Form :	Private Limited Liability Company
Line of Business :	Trader of Consumer Durables and Cell Phones.
No. of Employees :	9 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (28)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 130000
Status :	Moderate
Payment Behaviour :	Slow But Correct
Litigation :	Clear
Comments :	Subject is an established company having a moderate track record. The profitability of the company appears to be low during 2012. External borrowing seems to be huge and is increasing over previous year. However, trade relations are fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for business dealings with some caution.

NOTES :

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

ECGC Country Risk Classification List – 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

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	BB (Long Term Rating)
Rating Explanation	Moderate risk of default
Date	20.02.2013

Rating Agency Name	CRISIL
Rating	A4+ (Short Term Rating)
Rating Explanation	Minimal degree of safety and very high credit risk
Date	20.02.2013

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 :	109, Central Avenue Road, Nagpur – 440 018, Maharashtra, India
Tel. No.:	91-712-2722932 / 2725375 / 6611494 / 6611495
Mobile No. :	91-9890448179 (Mr. Sagdeo)
Fax No.:	91-712-2721578 / 2725375
E-Mail :	sagdeo1@gmail.com
Area :	1000 Sq. Ft.
Location :	Owned

DIRECTORS

AS ON 29.09.2012

Name :	Mr. Deepak S. Malhotra
Designation :	Director
Address :	1420, Deshpande Layout, Wardman, Nagpur – 440 008, Maharashtra, India
Date of Birth/Age :	17.07.1965
Qualification :	B. Com
Date of Appointment :	23.05.2007
DIN No.:	01216215

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	U51909MH2007PTC171087	JAIMAL TRADERS PRIVATE LIMITED	Director	23-05-07	23-05-07	Active	NO
2	U34100MH2008PTC185838	JAIMAL AUTOMOBILES PRIVATE LIMITED	Director	14-08-08	14-08-08	Active	NO

Name :	Mr. Neeraj S. Malhotra
Designation :	Director
Address :	1420, Deshpande Layout, Wardman, Nagpur – 440 008, Maharashtra, India
Date of Birth/Age :	08.07.1976
Qualification :	B. Com
Date of Appointment :	23.05.2007
DIN No.:	01216253
Name :	Mr. Pankaj S. Malhotra
Designation :	Director
Address :	1420, Deshpande Layout, Wardman, Nagpur – 440 008, Maharashtra, India
Date of Birth/Age :	04.09.1970
Qualification :	B. Com
Date of Appointment :	23.05.2007
DIN No.:	02138179

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	U51909MH2007PTC171087	JAIMAL TRADERS PRIVATE LIMITED	Director	23-05-07	23-05-07	Active	NO
2	U34100MH2008PTC185838	JAIMAL AUTOMOBILES PRIVATE LIMITED	Director	14-08-08	14-08-08	Active	NO

Name :	Mr. Gaurav S. Malhotra
Designation :	Director
Address :	1420, Deshpande Layout, Nagpur – 440 008, Maharashtra, India
Date of Birth/Age :	20.06.1974
Qualification :	B. Com
Date of Appointment :	23.05.2007
DIN No.:	02138182
Name :	Mr. Subhashchandra G. Malhotra
Designation :	Director
Address :	1420, Deshpande Layout, Wardman, Nagpur – 440 008, Maharashtra, India
Date of Birth/Age :	29.01.1946
Qualification :	B. Com
Date of Appointment :	23.05.2007
DIN No.:	02161780

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	U51909MH2007PTC171087	JAIMAL TRADERS PRIVATE LIMITED	Director	23-05-07	23-05-07	Active	NO
2	U34100MH2008PTC185838	JAIMAL AUTOMOBILES PRIVATE LIMITED	Director	14-08-08	14-08-08	Active	NO

Name :	Mr. Mohak Malhotra
Designation :	Director
Address :	At1420, Deshpande Layout, Wardhaman Nagar, Nagpur-440008, Maharashtra, India
Date of Birth :	19.09.1988
Date of Appointment :	01.01.2012
DIN No.:	03058947

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	U51909MH2007PTC171087	JAIMAL TRADERS PRIVATE LIMITED	Director	01-01-12	01-01-12	Active	NO
2	U34100MH2008PTC185838	JAIMAL AUTOMOBILES PRIVATE LIMITED	Director	01-01-12	01-01-12	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2012

Names of Shareholders	No. of Shares
Subhashchandra G. Malhotra	22614
Pankaj S. Malhotra	26425
Snehlata Malhotra	8372
Neeraj S. Malhotra	19590
Deepak S. Malhotra	30679
Mohini Malhotra	9350
Gaurav S. Malhotra	24069
Sneha D. Malhotra	14903
Payal Malhotra	2000
Shalu Malhotra	2000
Sonia Malhotra	2000
TOTAL	162002

AS ON 29.09.2012

Equity Shares Break Up	Percentage of Holding
Directors or relatives of Directors	100.00
TOTAL	100.00

BUSINESS DETAILS

Line of Business :	Trader of Consumer Durables and Cell Phones.
Products :	T.V. LCDs Washing Machines Air Conditioners

GENERAL INFORMATION

No. of Employees :

9 (Approximately)

Bankers :

· State Bank of Patiala, Central Avenue Branch, Central Avenue, Nagpur – 440 008, Maharashtra, India

Facilities :

Secured Loan	Rs. In Millions 31.03.2012	Rs. In Millions 31.03.2011
Short Term Borrowings
Cash credit limit from State Bank of Patiala, Central Avenue, Nagpur Branch, Nagpur	78.676	61.016
Secured by hypothecation of stock and book debts of the company and personal guarantee of all directors of the company and three relatives of directors of company
Balance with State Bank of Patiala (By Reconciliation)	2.278	0.000
TOTAL	80.954	61.016

Banking Relations :	--
Auditors :
Name :	Vidyadhar Sagdeo and Company Chartered Accountant
Address :	Prabha Niwas, East Side Ground Floor, Wardha Road, Rahate Colony, Nagpur-440 022, Maharashtra, India
PAN No.:	AEPTS5162A

CAPITAL STRUCTURE

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
199000	Equity Shares	Rs.100/- each	Rs. 19.900 Millions
1000	Redeemable Preference Shares	Rs.100/- each	Rs. 0.100 Millions
	TOTAL		Rs. 20.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
197002	Equity Shares	Rs.100/- each	Rs. 19.700 Millions

AS ON 29.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
199000	Equity Shares	Rs.100/- each	Rs. 19.900 Millions
1000	Redeemable Preference Shares	Rs.100/- each	Rs. 0.100 Millions
	TOTAL		Rs. 20.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
162002	Equity Shares	Rs.100/- each	Rs. 16.200 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	19.700
(b) Reserves & Surplus	12.831
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	32.531
(3) Non-Current Liabilities
(a) long-term borrowings	1.014
(b) Deferred tax liabilities (Net)	0.010
(c) Other long term liabilities	35.000
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	36.024
(4) Current Liabilities
(a) Short term borrowings	80.954
(b) Trade payables	0.000
(c) Other current liabilities	24.702
(d) Short-term provisions	1.785
Total Current Liabilities (4)	107.441
TOTAL	175.996
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	8.133
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	0.000
(b) Non-current Investments	2.000
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	0.000
(e) Other Non-current assets	0.010
Total Non-Current Assets	10.143
(2) Current assets
(a) Current investments	0.000
(b) Inventories	83.199
(c) Trade receivables	53.172
(d) Cash and cash equivalents	12.520
(e) Short-term loans and advances	16.962
(f) Other current assets	0.000
Total Current Assets	165.853
TOTAL	175.996

SOURCES OF FUNDS		31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		16.200	11.700
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		8.516	5.166
4] (Accumulated Losses)		0.000	0.000
NETWORTH		24.716	16.866
LOAN FUNDS
1] Secured Loans		61.016	42.769
2] Unsecured Loans		31.322	20.649
TOTAL BORROWING		92.338	63.418
DEFERRED TAX LIABILITIES		0.390	0.000
TOTAL		117.444	80.284
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		8.130	8.386
Capital work-in-progress		0.000	0.000
INVESTMENT		0.000	0.000
DEFERREX TAX ASSETS		0.000	0.054
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	66.150	51.343
	Sundry Debtors	44.788	33.060
	Cash & Bank Balances	12.439	3.208
	Other Current Assets	0.000	0.000
	Loans & Advances	14.569	10.059
Total Current Assets		137.946	97.670
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	25.677	21.975
	Other Current Liabilities	1.322	1.481
	Provisions	1.646	2.386
Total Current Liabilities		28.645	25.842
Net Current Assets		109.301	71.828
MISCELLANEOUS EXPENSES		0.013	0.016
TOTAL		117.444	80.284

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	562.732	527.257	421.990
		Other Income	0.093	0.185	0.031
		TOTAL (A)	562.825	527.442	422.021
Less	EXPENSES
		Purchases of Traded Goods and Expenses thereon	481.747	456.889	366.518
		Vat Tax on Purchases	52.563	48.322	34.605
		Employees Expenses and Benefits	11.740	3.902	3.608
		Remunerations to Director	0.000	5.623	3.679
		Selling and Distribution Expenses	7.124	7.800	6.796
		Administrative Expenses	6.029	4.321	5.093
		Preliminary Expenses Written Off	0.000	0.003	0.003
		Increase/(Decrease) in Finished Goods	(17.048)	(14.807)	(10.627)
		TOTAL (B)	542.155	512.053	409.675
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		20.670	15.389	12.346
Less	FINANCIAL EXPENSES (D)		14.069	9.611	7.771
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		6.601	5.778	4.575
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.824	0.338	0.317
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		5.777	5.440	4.258
Less	TAX (H)		1.405	2.091	1.280
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		4.372	3.349	2.978
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		NA	0.166	0.188
Less	APPROPRIATIONS
		Transfer to General Reserve	NA	3.000	3.000
	BALANCE CARRIED TO THE B/S		NA	0.515	0.166
	Earnings / (Loss) Per Share (Rs.)		22.20	29.00	30.00

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	0.78	0.63	0.70
Net Profit Margin (PBT/Sales)	(%)	1.03	1.03	1.00
Return on Total Assets (PBT/Total Assets}	(%)	3.32	3.72	4.01
Return on Investment (ROI) (PBT/Networth)		0.18	0.22	0.25
Debt Equity Ratio (Total Debt /Networth)		2.52	3.74	3.76
Current Ratio (Current Asset/Current Liability)		1.54	4.81	3.77

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	Yes
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	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	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	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

Unsecured Loan	Rs. In Millions 31.03.2012
Long Term Borrowings
HDFC Bank Business Loan (Guaranteed by the Directors of the company)	1.014
TOTAL	1.014

Unsecured Loans	Rs. In Millions 31.03.2011
From Directors and Their Relatives	6.543
From Others (Guaranteed by the Directors of the Company)	18.169
From Shareholders	6.610
TOTAL	31.322

FORM 8

Corporate identity number of the company	U51909MH2007PTC171087
Name of the company	JAIMAL TRADERS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	109, Central Avenue Road, Nagpur – 440 018, Maharashtra, India
This form is for	Modification of charge
Charge identification number of the charge to be modified	10112010
Type of charge	· Immovable property · Book debts · Movable property (not being pledge) · Floating charge
Particular of charge holder	State Bank of Patiala, Central Avenue Branch, Central Avenue, Nagpur – 440 008, Maharashtra, India Email: b5334@sbp.co.in
Nature of instrument creating charge	Supplementary agreement of Hypothecation of Goods and Assets for increase in overall limit SBP 1616(C-2-A) Dt 28-08-2012; Supplement Agreement of Loan for Increase in the Overall limit SBP 1615 (C-I-A) dT 28-08-2012 Memorandum of Deposit for creation of further charge No instrument
Date of instrument Creating the charge	28.08.2012
Amount secured by the charge	Rs. 120.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest CC Limit Rs 100.000 Millions: At 4.75% above Base Rate (10.50%), presently 15.25% Pa (Monthly) (Floating) Bank Guarantee Rs 20.000 Millions: No Interest, Commission at Normal charges Terms of repayment CC Limit Rs 100.000 Millions: Yearly Renewal Bank Guarantee Rs 20.000 Millions: Period of Sanction for One year Margin CC Limit Rs 100.000 Millions: Inventory 25% (Not more than One year of Stocks), book debts 35% ( Up to 90 Days) in bank's favour; Bank Guarantee Rs 20.000 Millions: 20% in the form of fixed deposit in banks favour Extent and operation of the charge Hypothecation of all chargeable current assets of the company, Stock valuation to be done at Invoice price or market price or control price whichever is lower. Storage of goods at different places of the company to be inspected by the bank periodically. All goods to be comprehensively insured against all risks with the agreed bank clause at the cost of the company. No bank finance against unpaid stocks over and above levels assessed in CMA data which should be shown separately in stmts. Other CA Certified debtors list to be furnished once in a quarter. Stock statement to be submitted monthly. For bank guarantee counter guarantee of the company and extension of charge over the entire current assets of the company which are charged for the CC limit
Short particulars of the property charged (Including location of the property)	All the stocks of the company located at Plot No 3, Wadi, Taluka and District Nagpur and at Shop No 109, Central Avenue, Nagpur and at any other place and Receivables present and future of the company Godown located at Plot No 3, Wadi, Taluka and District Nagpur. Residential house situated on Plot No 1438, Deshpande Layout, Wardhman Nagar, Nagpur Lien on the fixed deposits/NSC in the names of the Directors or their family members Extension of Charge on the property mortgaged belonging to Shri Subhashchandra Malhotra and Smt Mohinidevi Malhotra at 33, Wholesale Grain Market, Central Avenue, Near Tel Exchange Square, Nagpur
Whether any of the property or interest therein under reference is not registered in the name of the company. If yes, in whose name it is registers	Yes In respect of Properties stated at 15(ii) to 15(v) in the name of Directors and Their Relatives
Particulars of the present modification	By this second modification of charge the amount of CC Limit has been increased from Rs 75.000 Millions to Rs 100.000 Millions and bank guarantee limit is increased from Rs 3.000 Millions to Rs 20.000 Millions, All limits renewed for a further period of One year. Rate of interest 4.75% above base rate presently 15.25% monthly floating. Extension of mortgages on enhanced limits wherever applicable as per sanction letter. All other terms and conditions are same.

FIXED ASSETS

· Shop Premises

· Office Equipment

· Furniture and Fittings

· Delivery / Goods Pick Up Vehicles

· Office Vehicles 2 Wheelers

· Office Vehicles 4 Wheelers

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 59.73
UK Pound	1	Rs. 91.81
Euro	1	Rs. 78.23

INFORMATION DETAILS

Report Prepared by :

DPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	2
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		28

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.