1. Summary Information

		Country	India
Company Name	ZAMIL STEEL BUILDINGS INDIA PRIVATE LIMITED	Principal Name 1	Mr. Nandakumar Vaidyanathan Sundaresan
Status	Moderate	Principal Name 2	Mr. Khaled Rouf Mohamed Ezzat
		Registration #	11-131123
Street Address	Almonte Software Park, Office No.101, 1st Floor, Plot No.2, S No.8, Kharadi Village, Haveili, Pune-411020, Maharashtra
Established Date	09.04.2003	SIC Code	--
Telephone#	91-20-305853000	Business Style 1	--
Fax #	91-20-305532000	Business Style 2	--
Homepage	www.zamilsteel.com	Product Name 1	Pre-engineered building
# of employees	100 (Approximately)	Product Name 2	--
Paid up capital	Rs.498,553,400/-	Product Name 3	--
Shareholders	Foreign holdings 100%	Banking	Hongkong and Sanghai Banking Corporation Limited
Public Limited Corp.	No	Business Period	9 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	Ca (18)
Related Company
Relation	Country	Company Name	CEO
Ultimate Holding Company	Saudi Arabia	Zamil Industrial Investment company	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.12.2010		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	550,906,000	Current Liabilities	505,172,000
Inventories	341,300,000	Long-term Liabilities	1,320,937,000
Fixed Assets	1,021,720,000	Other Liabilities	8,128,000
Deferred Assets	0.000	Total Liabilities	1,834,237,000
Invest& other Assets	0.000	Retained Earnings	0.000
		Net Worth	79,689,000
Total Assets	1,913,926,000	Total Liab. & Equity	1,913,926,000
Total Assets (Previous Year)	1,784,317,000
P/L Statement as of	31.12.2010		(Unit: Indian Rs.)
Sales	1,254,781,000	Net Profit	(18,124,000)
Sales(Previous yr)	959,092,000	Net Profit(Prev.yr)	(60,451,000)

MIRA INFORM REPORT

Report Date :

28.06.2013

IDENTIFICATION DETAILS

Name :	ZAMIL STEEL BUILDINGS INDIA PRIVATE LIMITED
Registered Office :	Almonte Software Park, Office No.101, 1st Floor, Plot No.2, S No.8, Kharadi Village, Haveili, Pune-411020, Maharashtra
Country :	India
Financials (as on) :	31.12.2010
Date of Incorporation :	09.04.2003
Com. Reg. No.:	11-131123
Capital Investment / Paid-up Capital :	Rs.498.553 Millions
CIN No.: [Company Identification No.]	U74210PN2003PTC131123
TAN No.: [Tax Deduction & Collection Account No.]	PNEZ01938G / CHEZ03024A
PAN No.: [Permanent Account No.]	AAACZI758R
Legal Form :	Private Limited Liability Company
Line of Business :	Engaged in the Business of Pre-Engineering Building
No. of Employees :	100 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ca (18)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an established company having a moderate track record. The management has failed to file its financial for the year December 2011 with the government department. As per previous year’s, there appears huge accumulated losses recorded by the company. External borrowing seems to be huge. However, business is active. Payments are unknown. The company can be considered for business dealings on a safe and secured 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.

INFORMATION PARTED BY

Name :	Mr. Juber Shaikh
Designation :	Charter Accountant
Contact No.:	91-20-30553000
Date :	25.06.2013

LOCATIONS

Registered Office :	Almonte Software Park, Office No.101, 1st Floor, Plot No.2, S No.8, Kharadi Village, Haveili, Pune-411020, Maharashtra, India
Tel. No.:	91-20-305853000
Fax No.:	91-20-305532000
E-Mail :	gandhitayoun@pune.zamilsteel.com jubershaikh@zamilsteel.com
Website :	www.zamilsteel.com
Godown / Factory :	Plot No. B - 32/2 ,MIDC Ranjangaon, Village Dhoksangan Taluka: Shirur District Pune, Maharashtra, India
Branch Office :	Located at: Mumbai Kolkata Ranchi Hyderabad Jamshedpur Chennai Ahmedabad Bhubaneswar New Delhi

DIRECTORS

As on: 30.09.2010

Name :

Mr. Nandakumar Vaidyanathan Sundaresan

Designation :

Director

Address :

81-B, Kamaraj Avenue, 2^nd Street, Adyar, Chennai-600020, Tamil Nadu, India

Date of Birth/Age :

18.06.1953

Date of Appointment :

09.04.2003

DIN No :

00367074

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74210TN2000PTC045992	Zamil Steel Engineering India Private Limited	Director	28/09/2001	28/09/2001	-	Active	NO
2	U74210PN2003PTC131123	Zamil Steel Buildings India Private Limited	Director	09/04/2003	09/04/2003	-	Active	NO
3	U74210PN2003PTC139468	Zamil Construction India Private Limited	Director	20/07/2005	20/07/2005	-	Active	NO
4	U72900PN2007PTC130944	Zamil Information Technology Global Private Limited	Director	01/11/2007	01/11/2007	-	Active	NO

Name :

Mr. Khaled Rouf Mohamed Ezzat

Designation :

Director

Address :

5, Horaya Street, Off Al Nasr st, New Maadi, Egypt-014

Date of Birth/Age :

09.12.1962

Date of Appointment :

10.11.2005

DIN No :

01899319

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74210PN2003PTC139468	Zamil Construction India Private Limited	Director	09/07/2005	09/07/2005	-	Active	NO
2	U74210PN2003PTC131123	Zamil Steel Buildings India Private Limited	Director	10/11/2005	10/11/2005	-	Active	NO
3	U74210TN2000PTC045992	Zamil Steel Engineering India Private Limited	Director	01/03/2009	01/03/2009	-	Active	NO

Name :

Mr. Tayoun Badoui Gandhi

Designation :

Director

Address :

754/16, Adamally Place, Colombo, Srilanka-04

Date of Birth/Age :

17.12.1960

Date of Appointment :

17.09.2007

DIN No :

02098370

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	U74210PN2003PTC131123	Zamil Steel Buildings India Private Limited	Director	17/09/2007	17/09/2007	-	Active	NO
2	U74210PN2003PTC139468	Zamil Construction India Private Limited	Director	31/01/2008	31/01/2008	-	Active	NO
3	U74120DL2008PTC175696	Zamil Infra Private Limited	Director	19/09/2009	10/10/2008	03/06/2012	Active	NO

Name :

Mr. Al Zamil Khalid Abdullah

Designation :

Director

Address :

P.O. Box 877, Dammam-31421, Saudi Arabia

Date of Birth/Age :

10.05.1948

Date of Appointment :

15.09.2005

DIN No :

02236024

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74210TN2000PTC045992	Zamil Steel Engineering India Private Limited	Director	18/11/2000	18/11/2000	-	Active	NO
2	U74210PN2003PTC139468	Zamil Construction India Private Limited	Director	15/09/2005	15/09/2005	-	Active	NO
3	U74210PN2003PTC131123	Zamil Steel Buildings India Private Limited	Director	15/09/2005	15/09/2005	-	Active	NO

Name :

Mr. Al Mansoor Adnan Abdulrahman

Designation :

Director

Address :

P.O. Box 877, Dammam-31421, Saudi Arabia

Date of Birth/Age :

31.01.1957

Date of Appointment :

09.07.2005

DIN No :

02236029

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74210PN2003PTC139468	Zamil Construction India Private Limited	Director	09/07/2005	09/07/2005	13/11/2011	Active	NO
2	U74210TN2000PTC045992	Zamil Steel Engineering India Private Limited	Director	09/07/2005	09/07/2005	13/11/2011	Active	NO
3	U74210PN2003PTC131123	Zamil Steel Buildings India Private Limited	Director	09/07/2005	09/07/2005	13/11/2011	Active	NO

Name :

Mr. Mohamed Nabag Elamin Idris

Designation :

Director

Address :

P.O. Box 877, Dammam-31421, Saudi Arabia

Date of Birth/Age :

08.02.1948

Date of Appointment :

15.09.2003

DIN No :

02236049

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74210TN2000PTC045992	Zamil Steel Engineering India Private Limited	Director	18/11/2000	18/11/2000	-	Active	NO
2	U74210PN2003PTC131123	Zamil Steel Buildings India Private Limited	Director	15/09/2003	15/09/2003	-	Active	NO
3	U74210PN2003PTC139468	Zamil Construction India Private Limited	Director	15/09/2003	15/09/2003	-	Active	NO
4	U72900PN2007PTC130944	Zamil Information Technology Global Private Limited	Director	15/07/2008	15/07/2008	-	Active	NO

Name :

Mr. Al Zamil Nawaf Mohammed

Designation :

Director

Address :

P.O. Box 877, Dammam-31421, Saudi Arabia

Date of Birth/Age :

01.08.1971

Date of Appointment :

29.07.2008

DIN No :

02236064

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74210PN2003PTC131123	Zamil Steel Buildings India Private Limited	Director	29/07/2008	29/07/2008	-	Active	NO
2	U74120DL2008PTC175696	Zamil Infra Private Limited	Director	19/09/2009	10/10/2008	-	Active	NO
3	U74210TN2000PTC045992	Zamil Steel Engineering India Private Limited	Director	01/05/2009	01/05/2009	-	Active	NO
4	U74210PN2003PTC139468	Zamil Construction India Private Limited	Director	30/09/2009	02/07/2009	-	Active	NO
5	U72900PN2007PTC130944	Zamil Information Technology Global Private Limited	Director	30/09/2009	02/07/2009	-	Active	NO

Name :

Mr. Al Zamil Abdullah Mohammed

Designation :

Director

Address :

P.O. Box 877, Dammam-31421, Saudi Arabia

Date of Birth/Age :

07.01.1965

Date of Appointment :

29.09.2008

DIN No :

02236070

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U72900PN2007PTC130944	Zamil Information Technology Global Private Limited	Director	15/07/2008	15/07/2008	-	Active	NO
2	U74210PN2003PTC131123	Zamil Steel Buildings India Private Limited	Director	29/07/2008	29/07/2008	-	Active	NO
3	U74120DL2008PTC175696	Zamil Infra Private Limited	Director	19/09/2009	10/10/2008	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Sachit Vivek Kalantre
Designation :	Secretary
Address :	142/162, Ganesh Apartment, Kasbapeth, Pune-411011, Maharashtra, India
Date of Birth/Age :	11.06.1984
Date of Appointment :	01.06.2010
PAN No.:	BKQPK4682K

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 30.09.2010

Names of Shareholders	No. of Shares
Zamil Industrial Investment Company, Saudi Arabia	49845340
Zamil Industrial Investment Emirates Company LLC, Saudi Arabia	10000
Total	49855340

Equity Share Break up (Percentage of Total Equity)

As on: 30.09.2010

Category	Percentage
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Engaged in the Business of Pre-Engineering Building

Products :

ITC CODE	PRODUCT
94060099	Pre Engineered Buildings
73089090	Structure and Parts of Structure Made of Iron and Steel

Imports :

Products :

Raw Material/ Finished Goods

Countries :

Saudi Arabia

Terms :

Selling :

Credit / Depend

Purchasing :

Credit

PRODUCTION STATUS (As on 31.12.2010)

Particulars	Unit	Installed Capacity	Actual Production
Fabricated Structural Products of Iron and Steel	MT	36000	20758

GENERAL INFORMATION

No. of Employees :

100 (Approximately)

Bankers :

• Bank of Bahrain and Kuwait B.S.C. 225, Jolly Maker Chambers, Nariman Point, Mumbai - 400021, Maharashtra, India
• Hongkong and Shanghai Banking Corporation Limited, 52/60, Mahatma Gandhi Road, Fort, Mumbai - 400001, Maharashtra, India
• Standard Chartered Bank
• ICICI Bank

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.12.2010	As on 31.03.2010
Working capital demand loan from Standard Chartered Bank	231.868	250.000
Cash Credit loan from Standard Chartered Bank [Both the above loans are secured by way of pari pasu charge on All present and future debts, outstanding receivables claim and bills All present and future stock in trade Corporate guarantee given by Zamil Industrial Investment Company, the Holding Company]	49.007	56.699
Vehicles loan from ICICI Bank (Secured by hypothecation of the respective vehicles)	0.000	0.603
Total	280.875	307.302

Banking Relations :	--
Auditors :
Name :	B S R and Company Chartered Accountants
Address :	703, 7^th Floor, Godrej Castlemaine, Next to Ruby, All Clinic, Bund Garden Road, Pune-411001, Maharashtra, India
Tel. No.:	91-20-30585764/ 5765
Fax No.:	91-20-30585775
PAN No.:	AAIFB7357B
Ultimate Holding Company :	Zamil Industrial Investment Company, Saudi Arabia (ZIIC)
Fellow Subsidiaries of Holding Company with whom transaction have taken place during the year. :	Zamil New Delhi Infrastructure Private Limited Zamil Steel Industries, Saudi Arabia Zamil Steel Engineering India Private Limited Zamil Constructions India Private Limited Zamil Steel Building Vietnam Company Limited, Vietnam Zamil Information Technology Global Private Limited PES Steel Building Systems Private Limited (PSBS)

CAPITAL STRUCTURE

As on: 30.09.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
55000000	Equity Shares	Rs.10/- each	Rs.550.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
49855340	Equity Shares	Rs.10/- each	Rs.498.553 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.12.2010 (9 months)	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		498.553	498.553	346.633
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.000	0.000	0.000
4] (Accumulated Losses)		(418.864)	(400.739)	(340.288)
NETWORTH		79.689	97.814	6.345
LOAN FUNDS
1] Secured Loans		280.875	307.302	266.875
2] Unsecured Loans		1040.062	1024.061	1216.460
TOTAL BORROWING		1320.937	1331.363	1483.335
DEFERRED TAX LIABILITIES		0.000	0.000	9.787
TOTAL		1400.626	1429.177	1499.467
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1021.720	962.028	999.323
Capital work-in-progress		0.000	100.141	75.760
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	341.300	263.753	332.618
	Sundry Debtors	184.615	175.621	49.903
	Cash & Bank Balances	23.600	8.388	3.881
	Other Current Assets	94.476	73.485	0.000
	Loans & Advances	248.215	200.901	189.118
Total Current Assets		892.206	722.148	575.520
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	267.956	159.755	94.057
	Other Current Liabilities	237.216	189.364	54.302
	Provisions	8.128	6.021	2.777
Total Current Liabilities		513.300	355.140	151.136
Net Current Assets		378.906	367.008	424.384
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		1400.626	1429.177	1499.467

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.12.2010 (9 months)	31.03.2010	31.03.2009
	SALES
		Income	1254.781	959.092	477.404
		Other Income	149.894	172.642	3.758
		TOTAL (A)	1404.675	1131.734	481.162
Less	EXPENSES
		Cost of Sales	956.383	758.231	323.514
		Manufacturing Expenses	136.979	117.617	56.285
		Employee Expenses	91.407	96.785	99.803
		Administrative Expenses	143.847	116.767	87.230
		TOTAL (B)	1328.616	1089.400	566.832
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		76.059	42.334	(85.670)
Less	FINANCIAL EXPENSES (D)		49.145	61.973	64.333
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		26.914	(19.639)	(150.003)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		45.038	50.147	108.531
	PROFIT / (LOSS )BEFORE TAX (E-F) (G)		(18.124)	(69.786)	(258.534)
Less	TAX (H)		0.000	(9.335)	36.296
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		(18.124)	(60.451)	(294.830)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		NA	NA	(45.457)
	BALANCE CARRIED TO THE B/S		NA	NA	(340.287)
	EARNINGS IN FOREIGN CURRENCY
		Service Income	0.000	0.251	37.154
		Sale of Material	13.306	20.131	35.609
	TOTAL EARNINGS		13.306	20.382	72.763
	IMPORTS
		Raw Materials	32.655	92.597	6.234
		Stores & Spares	3.559	0.529	0.370
		Capital Goods	1.554	29.265	52.152
	TOTAL IMPORTS		37.768	122.391	58.756
	Earnings Per Share (Rs.)		(0.36)	(1.22)	(8.51)

Particulars	31.12.2012	31.12.2011
Sales Turnover (Approximately)	2400.000	1900.000

The above information has been parted by Mr. Juber Shaikh

KEY RATIOS

PARTICULARS		31.12.2010 (9 months)	31.03.2010	31.03.2009
PAT / Total Income	(%)	(1.29)	(5.34)	(61.27)
Net Profit Margin (PBT/Sales)	(%)	(1.44)	(7.28)	(54.15)
Return on Total Assets (PBT/Total Assets}	(%)	(0.95)	(4.14)	(16.42)
Return on Investment (ROI) (PBT/Networth)		(0.23)	(0.71)	(40.75)
Debt Equity Ratio (Total Debt/Networth)		16.58	13.61	233.79
Current Ratio (Current Asset/Current Liability)		1.74	2.03	3.81

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	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
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	No

UNSECURED LOAN

(Rs. In Millions)

Particulars	As on 31.12.2010	As on 31.03.2010
Long term (from other than banks)
External Commercial Borrowings [Payable within one year USD 3 million (p. y.: nil)]	547.080	547.080
Fully and Compulsorily Convertible Debentures [3810077 debentures (p. y. 3810077 debentures) of Rs. 100/- each with interest rate (labor+20%) convertible into 38100770 equity shares of Rs. 10 each at par in the year 2013]	381.008	381.008
Interest accrued and due on ECB	84.299	74.866
Interest accrued and due on FCCD	27.675	21.107
Total	1040.062	1024.061

Note:

The Registered Office of the company has been shifted from Nelson Towers, III - Wing, 117, Nelson Manikam Road, Aminjikarai, Chennai-600029, Tamil Nadu, India to the present address w.e.f. 01.06.2006.

The Registered Office of the company has been shifted from Almonte Software Park, Office No. 201, 2^nd Floor, Plot No. 2, S No. 8, Kharadi Village, Haveli, Pune – 411020, Maharashtra, India to the present address w.e.f. 28.08.2008.

OPERATIONS:

The Company has achieved a turnover of Rs.1254.781 Millions as against Rs.959.091 Millions during the previous financial year.

BACKGROUND AND NATURE OF OPERATIONS

Subject was incorporated on 9 April 2003. It is a wholly owned subsidiary of Zamil Industrial Investment Company, Saudi Arabia. The company is engaged in the business of designing, manufacturing, supply and erection of Pre-Engineered Building and parts thereof. The Company’s corporate office is located in Pune and it has a manufacturing facility at Ranjangaon.

CONTINGENT LIABILITIES

Rs. In Millions

Particular	31.12.2010	31.03.2010
Sales Tax Matters	1.220	1.220
Legal Court case and other Matters	5.000	5.000
Corporate Guarantee	0.000	1.649

FIXED ASSETS:

· Land

· Factory Building

· Plant and Machinery

· Computer

· Office Equipment

· Electrical Fittings

· Vehicles

· Computer Software

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. 92.91
Euro	1	Rs. 78.94

INFORMATION DETAILS

Information Gathered by :	DPH
Report Prepared by :	PDT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	2
--RESERVES	1~10	2
--CREDIT LINES	1~10	2
--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	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		18

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.