MIRA INFORM REPORT

Report Date :

28.06.2013

IDENTIFICATION DETAILS

Name :	WIPRO ENTERPRISES LIMITED (w.e.f. 19.04.2013)
Formerly Known As :	AZIM PREMJI CUSTODIAL SERVICES LIMITED (w.e.f. 28.03.2013) AZIM PREMJI CUSTODIAL SERVICES PRIVATE LIMITED
Registered Office :	#134, Doddakannelli, Sarjapur Road, Next to Wipro Corporate Office, Bangalore – 560035, Karnataka
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	17.08.2010
Com. Reg. No.:	08-054808
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U15141KA2010PLC054808
TAN No.: [Tax Deduction & Collection Account No.]	BLRA17777E
PAN No.: [Permanent Account No.]	AAJCA0072C
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Providing Custodial and related services.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (31)

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

Status :	Yet to commence business operation
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a part of well established and reputed “Wipro Group of Companies”. Even though the company was incorporate during 2010, it has not yet started its business operations as on of 2012. Company has incurred some pre-operative expenses during 2012. Payment terms are unknown. In view of experienced and resourceful promoters and directors 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

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 :	#134, Doddakannelli, Sarjapur Road, Next to Wipro Corporate Office, Bangalore – 560035, Karnataka, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	srinivasan.pagalthivarthi@wipro.com chethan.yogesh@wipro.com

DIRECTORS

As on: 29.09.2012

Name :

Mr. Azim Hasham Premji

Designation :

Whole Time Director

Address :

Survey No.75, 133, 135/1, 136/1 No.574, Doddakannelli Village, Sarjapur Road, Bangalore – 560035, Karnataka, India

Date of Birth/Age :

24.07.1945

Date of Appointment :

17.08.2010

DIN No.:

00234280

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	L32102KA1945PLC020800	WIPRO LIMITED	Managing director	31/07/2011	01/09/1968	-	Active	NO
2	U65993KA1974PTC024191	NAPEAN TRADING AND INVESTMENT COMPANY PRIVATE LIMITED	Director	06/06/1974	06/06/1974	-	Active	NO
3	U65993KA1974PTC024195	VIDYA INVESTMENT AND TRADING COMPANY PRIVATE LIMITED	Director	11/09/1974	11/09/1974	-	Active	NO
4	U65993KA1974PTC024192	REGAL INVESTMENT AND TRADING COMPANY PRIVATE LIMITED	Director	11/09/1974	11/09/1974	-	Active	NO
5	U67120MH1974PTC017911	HASHAM PREMJI PRIVATE LIMITED	Director	11/11/1974	11/11/1974	01/09/2012	Active	NO
6	U65993KA1981PTC024196	PRAZIM TRADING AND INVESTMENT COMPANY PRIVATE LIMITED	Director	13/11/1981	13/11/1981	-	Active	NO
7	U67120MH1983PTC029943	HASHAM INVESTMENT AND TRADING COMPANY PRIVATE LIMITED	Director	10/05/1983	10/05/1983	-	Active	NO
8	U65993KA1983PTC024193	ZASH INVESTMENT AND TRADING COMPANY PRIVATE LIMITED	Director	10/05/1983	10/05/1983	-	Active	NO
9	U65993KA1983PTC024194	TARISH INVESTMENT AND TRADING COMPANY PRIVATE LIMITED.	Director	19/05/1983	19/05/1983	-	Active	NO
10	U33111KA1990PTC016063	WIPRO GE HEALTHCARE PRIVATE LIMITED	Director	30/03/1990	30/03/1990	-	Active	NO
11	U65999KA2000GAT026421	AZIM PREMJI FOUNDATION (I) PRIVATE LIMITED	Director	18/02/2000	18/02/2000	-	Active	NO
12	U93090KA2001NPL028740	AZIM PREMJI FOUNDATION	Director	09/03/2001	09/03/2001	-	Active	NO
13	U72900KA2000PLC027551	WIPRO INFRASTRUCTURE ENGINEERING LIMITED	Nominee director	19/02/2003	19/02/2003	-	Amalgamated	NO
14	U74999KA2009PTC051742	AZIM PREMJI TRUSTEE COMPANY PRIVATE LIMITED	Whole-time director	04/12/2009	04/12/2009	-	Active	NO
15	U80301KA2009NPL051792	AZIM PREMJI FOUNDATION FOR DEVELOPMENT	Whole-time director	09/12/2009	09/12/2009	-	Active	NO
16	U74900KA2010PTC054356	AZIM PREMJI TRUST SERVICES PRIVATE LIMITED	Whole-time director	05/07/2010	05/07/2010	-	Active	NO
17	U67190KA2010PTC054809	AZIM PREMJI SAFE DEPOSIT COMPANY PRIVATE LIMITED	Whole-time director	17/08/2010	17/08/2010	-	Active	NO
18	U15141KA2010PLC054808	WIPRO ENTERPRISES LIMITED	Whole-time director	17/08/2010	17/08/2010	-	Active	NO
19	U67190KA2013PTC067888	AZIM PREMJI CUSTODIAL AND MANAGEMENT SERVICES PRIVATE LIMITED	Director	18/02/2013	18/02/2013	-	Active	NO

Name :

Mr. Suresh Chandra Senapaty

Designation :

Additional Director

Address :

301, Brigade Lavelle I, Lavelle Road, Bangalore – 560001, Karnataka, India

Date of Birth/Age :

03.03.1957

Date of Appointment :

01.04.2013

DIN No.:

00018711

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	U93090KA1982PLC021795	WIPRO TRADEMARKS HOLDING LIMITED	Director	02/01/1995	02/01/1995	02/07/2012	Active	NO
2	U24246KA1982PLC021796	WIPRO CHANDRIKA LIMITED	Nominee director	02/01/1995	02/01/1995	02/07/2012	Active	NO
3	U33111KA1990PTC016063	WIPRO GE HEALTHCARE PRIVATE LIMITED	Director	25/01/1995	25/01/1995	-	Active	NO
4	U91200KA1996PLC020622	WIPRO TRAVEL SERVICES LIMITED	Nominee director	10/06/1996	10/06/1996	02/07/2012	Active	NO
5	U72200KA2000PLC027405	WEP PERIPHERALS LIMITED	Director	25/07/2000	25/07/2000	05/01/2007	Active	NO
6	U64202KA2000PLC034668	WIPRO BPO SOLUTIONS LIMITED	Director	29/10/2001	29/10/2001	-	Amalgamated	NO
7	U72900KA2000PLC027551	WIPRO INFRASTRUCTURE ENGINEERING LIMITED	Nominee director	15/04/2002	15/04/2002	-	Amalgamated	NO
8	U85199KA2000PLC027715	WIPRO HEALTHCARE IT LIMITED	Nominee director	31/08/2002	31/08/2002	-	Amalgamated	NO
9	U02424KA2003PLC032810	WIPRO CONSUMER CARE LIMITED	Nominee director	03/11/2003	03/11/2003	02/07/2012	Active	NO
10	U45990MH1981PTC025536	CYGNUS NEGRI INVESTMENTS PRIVATE LIMITED	Nominee director	01/04/2004	01/04/2004	02/07/2012	Active	NO
11	U72200KA2003PTC040724	MPACT TECHNOLOGY SERVICES PRIVATE LIMITED	Director	24/07/2006	29/12/2005	-	Amalgamated	NO
12	U74140KA2003PTC040723	MPOWER SOFTWARE SERVICES (INDIA) PRIVATE LIMITED	Director	25/07/2006	29/12/2005	-	Amalgamated	NO
13	U72200MH2000PTC129630	CMANGO INDIA PRIVATE LIMITED	Director	04/04/2006	04/04/2006	-	Amalgamated	NO
14	U72200AP2001PLC036915	QUANTECH GLOBAL SERVICES LIMITED	Director	01/01/2007	01/01/2007	-	Amalgamated	NO
15	L32102KA1945PLC020800	WIPRO LIMITED	Whole-time director	18/04/2008	18/04/2008	-	Active	NO
16	U72200MH2004PLC148615	WIPRO TECHNOLOGY SERVICES LIMITED	Nominee director	20/01/2009	20/01/2009	02/07/2012	Active	NO
17	U72200KA2009PLC051272	WIPRO AIRPORT IT SERVICES LIMITED	Director	22/10/2009	22/10/2009	29/01/2010	Active	NO
18	U15141KA2010PLC054808	WIPRO ENTERPRISES LIMITED	Additional director	01/04/2013	01/04/2013	-	Active	NO

Name :

Mr. Vineet Agrawal

Designation :

Whole Time Director

Address :

No: A-1 Ground Floor, 21/16, Brunton Rustumji, Apartments, Brunton Road, Bangalore – 560025, Karnataka, India

Date of Birth/Age :

17.01.1962

Date of Appointment :

01.04.2013

DIN No.:

02370129

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	U02424KA2003PLC032810	WIPRO CONSUMER CARE LIMITED	Director	03/11/2003	03/11/2003	-	Active	NO
2	U31409KA2009PTC049136	VIGNANI SOLUTIONS PRIVATE LIMITED	Additional director	20/07/2011	20/07/2011	-	Active	NO
3	U15141KA2010PLC054808	WIPRO ENTERPRISES LIMITED	Whole-time director	01/04/2013	01/04/2013	-	Active	NO

Name :

Mr. Pratik Kumar

Designation :

Whole Time Director

Address :

421/A Palm Meadows 2 PH, Whitefield RD, Ramagondanahalli, Bangalore – 560066, Karnataka, India

Date of Birth/Age :

23.10.1965

Date of Appointment :

01.04.2013

DIN No.:

00328453

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	U33111KA1990PTC016063	WIPRO GE HEALTHCARE PRIVATE LIMITED	Director	02/05/2002	02/05/2002	-	Active	NO
2	U15141KA2010PLC054808	WIPRO ENTERPRISES LIMITED	Whole-time director	01/04/2013	01/04/2013	-	Active	NO

Name :

Mr. Rishad Azim Premji

Designation :

Additional Director

Address :

46 F.B. Desai Road, Mumbai – 400026, Maharashtra India

Date of Birth/Age :

09.01.1977

Date of Appointment :

01.04.2013

DIN No.:

02983899

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	U93090KA2001NPL028740	AZIM PREMJI FOUNDATION	Director	29/09/2009	18/10/2008	-	Active	NO
2	U33111KA1990PTC016063	WIPRO GE HEALTHCARE PRIVATE LIMITED	Director	23/09/2010	17/03/2010	-	Active	NO
3	U15141KA2010PLC054808	WIPRO ENTERPRISES LIMITED	Additional director	01/04/2013	01/04/2013	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 29.09.2012

Names of Shareholders	No. of Shares
Azim Hasham Premji	9999
Yasmeen Azim Premji	1
Total	10000

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 :

Providing Custodial and related services.

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	Not Available

Banking Relations :	--
Auditors :
Name :	Tambakad and Goil Chartered Accountants
Address :	# 15 Golf Course Road, Off H.A.L Airport Road, Bangalore – 560008, Karnataka, India
Tel. No.:	91-80-25211427/ 67721800
Fax No.:	91-80-67721801
Website :	www.tambakadgoil.com
PAN No.:	AAAFT4490M

CAPITAL STRUCTURE

As on: 29.09.2012

Authorised Capital : Rs.5000.000 Millions

Issued, Subscribed & Paid-up Capital : Rs.0.500 Million

As on: 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 Million

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	0.100	0.100
(b) Reserves & Surplus	(0.105)	(0.073)
(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)	(0.005)	0.027
(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	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	0.000	0.000
(4) Current Liabilities
(a) Short term borrowings	0.045	0.045
(b) Trade payables	0.032	0.005
(c) Other current liabilities	0.000	0.000
(d) Short-term provisions	0.000	0.000
Total Current Liabilities (4)	0.077	0.050
TOTAL	0.072	0.077
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000	0.000
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	0.000	0.000
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	0.000	0.000
(c) Trade receivables	0.000	0.000
(d) Cash and cash equivalents	0.072	0.077
(e) Short-term loans and advances	0.000	0.000
(f) Other current assets	0.000	0.000
Total Current Assets	0.072	0.077
TOTAL	0.072	0.077

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2012	31.03.2011
	SALES
		Income
		Other Income
		TOTAL		0.000	0.000
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL		0.032	0.073
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION			(0.032)	(0.073)
Less/ Add	DEPRECIATION/ AMORTISATION			0.000	0.000
	PROFIT/ (LOSS) BEFORE TAX			(0.032)	(0.073)
Less	TAX			0.000	0.000
	PROFIT/ (LOSS) AFTER TAX			(0.032)	(0.073)
	Earnings/ (Loss) Per Share (Rs.)			(3.23)	(7.33)

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011
PAT / Total Income	(%)	0.00	0.00
Return on Total Assets (PBT/Total Assets}	(%)	(44.44)	(94.81)
Return on Investment (ROI) (PBT/Networth)		6.40	(2.70)
Debt Equity Ratio (Total Debt/Networth)		(9.00)	1.67
Current Ratio (Current Asset/Current Liability)		0.94	1.54

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 two years	Yes
12]	Profitability for last two 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	No
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	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

UNSECURED LOAN

(Rs. In Millions)

Particular	As on 31.03.2012	As on 31.03.2011
SHORT TERM BORROWING
Loan from Mr. Azim H Premji, Director (Repayable on demand, Interest free)	0.045	0.045
Total	0.045	0.045

OPERATIONS AND HIGHLIGHTS:

The Company was incorporated on August 17th 2010 with the main objects of carrying on Custodial and related Services. The Company is yet to generate Revenue as on the date of report.

FUTURE PROSPECTS:

The Company is confident of generating revenue in the immediate future. The company is on the lookout for emerging opportunities and plans to take full advantage of the same as and when such opportunities arise from time to time.

AS PER WEBSITE DETAILS

Press Release

NO PLANS TO LIST WIPRO ENTERPRISES: AZIM PREMJI

April 19, 2013

Wipro Limited Chairman Azim Premji on Friday said there are “absolutely no plans” to list Wipro Enterprises, the demerged non-IT businesses firm of the group, on stock exchanges.

Mr. Premji said the demerger of the 'diversified business' of Wipro, including the consumer care and lighting segment, approved by the Board on 1st November last year, became effective from March 31, 2013.

“We have completed the demerger of the ‘Diversified Business’ effective March 31, 2013 to make Wipro Limited a pure play IT company. We are confident that being a technology-focused company will provide a fresh momentum for growth,” he said.

When asked as to when one can expect the listing of Wipro Enterprises, Mr. Premji said: “We have zero plans to list that company. If we wanted to list it, we could have done it at the time of the demerger. So, please for God’s sake, don’t build those expectations”.

He also said the Board composition of Wipro Enterprises would be purely internal, with no outsider as Director.

Vineet Agrawal would continue to head the consumer care business and Pratik Kumar would take care of the infrastructure engineering business, Mr. Premji said, adding that he would be the non-executive Chairman of Wipro Enterprises.

WIPRO ENTERPRISES TO HAVE FIVE-MEMBER BOARD

Premji to be non-executive chairman, Rishad to be inducted with three insiders

April 30, 2013

Wipro Enterprises, the company formed by bringing all Wipro’s non-information technology (IT) businesses under an umbrella company, has said it would have a five-member board, with Azim Premji as non-executive chairman.

The only other member from the Premji family to be inducted into the board would be Rishad Premji, Azim Premji’s elder son and strategy officer of Wipro Limited (which earlier accounted for Wipro’s IT business). Rishad Premji (also board member in Wipro GE Healthcare, a joint venture between Wipro and GE’s healthcare business), would be a non-executive director in the Wipro Enterprises board.

'Suresh Senapaty, chief financial officer and director of Wipro Limited, would be inducted into the board of the new company as non-executive director. Pratik Kumar, president of Wipro Infrastructure Engineering, and Vineet Agrawal, president of Wipro Consumer Care and Lighting, would also be named executive directors in the Wipro Enterprises board.

“Wipro Enterprises would finally have a board, with Azim Premji as non-executive chairman, along with Suresh Senapaty, Rishad Premji, Pratik Kumar and Vineet Agrawal as other board members,” the company said in a statement.

At a press conference after announcing Wipro’s results for the quarter ended March, Azim Premji had said the composition of the Wipro Enterprises board would be “purely internal, with no outsider as director”. He added he didn’t have any plan of taking Wipro Enterprises public.

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.60.59
UK Pound	1	Rs.92.92
Euro	1	Rs.78.94

INFORMATION DETAILS

Report Prepared by :

VRN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	5
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		31

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.