MIRA INFORM REPORT

Report Date :

07.03.2013

IDENTIFICATION DETAILS

Name :	ROBINSONS CARGO AND LOGISTICS PRIVATE LIMITED
Registered Office :	Mirchandani Business Park, 1^st Floor, Saki Vihar Road, Saki Naka, Andheri (East), Mumbai-400072, Maharashtra
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	04.01.2010
Com. Reg. No.:	11-198394
Capital Investment / Paid-up Capital :	Rs. 23.238 Millions
CIN No.: [Company Identification No.]	U62100MH2010PTC198394
Legal Form :	Private Limited Liability Company
Line of Business :	IATA Accredited Cargo Agent and Freight Forwarders
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (49)

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

Maximum Credit Limit :	USD 1800000
Status :	Satisfactory
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having a satisfactory track record. There appears slight dip in the income earned during 2012. However, financial position of the company appears to be good. Trade relations are decent. Business is active. Payment terms are regular and as per commitment. The company can be considered 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 – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

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

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

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 :	Mirchandani Business Park, 1^st Floor, Saki Vihar Road, Saki Naka, Andheri (East), Mumbai-400072, Maharashtra, India
Tel. No.:	91-22-40937777
Fax No.:	91-22-40937766
E-Mail :	rasmum@robinsonsindia.com

DIRECTORS

AS ON 28.09.2012

Name :	Mr. Anil Mohanlal Vazirani
Designation :	Managing Director
Address :	4-B, Sett Minar, 14-A, Pedder Road, Mumbai-400026, Maharashtra, India
Date of Birth/Age :	14.08.1954
Date of Appointment :	04.01.2010
PAN No.:	AABPV8641B
DIN No.:	00066575

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	U63040MH1911PTC018022	ROBINSONS (BOMBAY) PRIVATE LIMITED	Director	28/12/1974	28/12/1974	-	Active	NO
2	U35110MH1964PTC013016	NEPTUNE SHIPPING COMPANY PRIVATE LIMITED	Director	30/09/1981	30/09/1981	-	Active	NO
3	U63040MH1963PTC012685	MARITIME SERVICES PRIVATE LIMITED	Managing director	25/06/1983	25/06/1983	-	Active	NO
4	U99999MH1988PTC047672	MARCO OCEAN (INDIA) PRIVATE LIMITED	Director	05/11/1990	05/11/1990	-	Under Process of Striking off	NO
5	U45200MH1994PTC082307	JHINUK BUILDERS AND DEVELOPERS PRIVATE LIMITED	Director	25/10/1994	25/10/1994	-	Strike off	NO
6	U45202MH1994PTC084103	RENOKLD PROPERTIES PRIVATE LIMITED	Director	29/12/1994	29/12/1994	-	Strike off	NO
7	U63032MH2005PTC152490	GLOBAL CONTAINER TERMINAL PRIVATE LIMITED	Director	07/04/2005	07/04/2005	-	Active	NO
8	U63013MH2006PTC160861	ROBINSONS GLOBAL LOGISTICS PRIVATE LIMITED	Director	31/03/2006	31/03/2006	-	Active	NO
9	U63090DL2006PTC152957	NNR GLOBAL LOGISTICS INDIA PRIVATE LIMITED	Director	05/09/2006	05/09/2006	14/05/2009	Active	NO
10	U63013MH1970GAP014685	THE AIR CARGO AGENTS ASSOCIATION OF INDIA	Director	03/02/2007	03/02/2007	-	Active	NO
11	U63011MH2008PTC184587	ROBINSONS ACE LOGISTICS (INDIA) PRIVATE LIMITED	Director	11/07/2008	11/07/2008	-	Strike off	NO
12	U62100MH2010PTC198394	ROBINSONS CARGO AND LOGISTICS PRIVATE LIMITED	Managing director	01/04/2010	04/01/2010	-	Active	NO

Name :	Mr. Saju Prem Vazirani
Designation :	Director
Address :	7-7B, Hermes House, Worli Seaface, Mumbai-400018, Maharashtra, India
Date of Birth/Age :	01.07.1945
Date of Appointment :	01.04.2010
PAN No.:	AABPV8554B
DIN No.:	00066827

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	U63040MH1911PTC018022	ROBINSONS (BOMBAY) PRIVATE LIMITED	Director	28/12/1974	28/12/1974	Active	NO
2	U63040MH1963PTC012685	MARITIME SERVICES PRIVATE LIMITED	Director	01/09/1980	01/09/1980	Active	NO
3	U35110MH1964PTC013016	NEPTUNE SHIPPING COMPANY PRIVATE LIMITED	Director	30/09/1981	30/09/1981	Active	NO
4	U63032MH2005PTC152490	GLOBAL CONTAINER TERMINAL PRIVATE LIMITED	Director	14/08/2006	14/08/2006	Active	NO
5	U62100MH2010PTC198394	ROBINSONS CARGO AND LOGISTICS PRIVATE LIMITED	Director	01/04/2010	01/04/2010	Active	NO

Name :	Ms. Suchitra Anil Vazirani
Designation :	Director
Address :	4-B, Sett Minar, 14-A, Pedder Road, Mumbai-400026, Maharashtra, India
Date of Birth/Age :	21.09.1955
Date of Appointment :	04.01.2010
PAN No.:	AAFPV5719E
DIN No.:	00066882

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	U63040MH1911PTC018022	ROBINSONS (BOMBAY) PRIVATE LIMITED	Director	28/12/1974	28/12/1974	Active	NO
2	U63040MH1963PTC012685	MARITIME SERVICES PRIVATE LIMITED	Director	01/09/1980	01/09/1980	Active	NO
3	U35110MH1964PTC013016	NEPTUNE SHIPPING COMPANY PRIVATE LIMITED	Director	30/09/1981	30/09/1981	Active	NO
4	U63032MH2005PTC152490	GLOBAL CONTAINER TERMINAL PRIVATE LIMITED	Director	14/08/2006	14/08/2006	Active	NO
5	U62100MH2010PTC198394	ROBINSONS CARGO AND LOGISTICS PRIVATE LIMITED	Director	04/01/2010	04/01/2010	Active	NO

Name :	Mr. Prem Fatehchand Vazirani
Designation :	Whole time Director
Address :	7-7B, Hermes House, Worli Seaface, Mumbai-400018, Maharashtra, India
Date of Birth/Age :	10.01.1942
Date of Appointment :	04.01.2010
PAN No.:	AABPV8554B
DIN No.:	00066919

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	U63040MH1963PTC012685	MARITIME SERVICES PRIVATE LIMITED	Managing director	19/07/1972	19/07/1972	-	Active	NO
2	U63040MH1911PTC018022	ROBINSONS (BOMBAY) PRIVATE LIMITED	Director	28/12/1974	28/12/1974	-	Active	NO
3	U35110MH1964PTC013016	NEPTUNE SHIPPING COMPANY PRIVATE LIMITED	Director	30/09/1981	30/09/1981	-	Active	NO
4	U99999MH1988PTC047672	MARCO OCEAN (INDIA) PRIVATE LIMITED	Director	05/11/1990	05/11/1990	-	Under Process of Striking off	NO
5	U45200MH1994PTC082307	JHINUK BUILDERS AND DEVELOPERS PRIVATE LIMITED	Director	25/10/1994	25/10/1994	-	Strike off	NO
6	U45202MH1994PTC084103	RENOKLD PROPERTIES PRIVATE LIMITED	Director	29/12/1994	29/12/1994	-	Strike off	NO
7	U74999PN1953NPL009103	THE BOMBAY STEVEDORES' ASSOCIATION LIMITED	Director	12/09/2002	12/09/2002	-	Active	NO
8	U63032MH2005PTC152490	GLOBAL CONTAINER TERMINAL PRIVATE LIMITED	Director	07/04/2005	07/04/2005	-	Active	NO
9	U63013MH2006PTC160861	ROBINSONS GLOBAL LOGISTICS PRIVATE LIMITED	Director	31/03/2006	31/03/2006	-	Active	NO
10	U63090DL2006PTC152957	NNR GLOBAL LOGISTICS INDIA PRIVATE LIMITED	Director	05/12/2006	05/12/2006	14/05/2009	Active	NO
11	U45200MH2008PTC178236	SPTV INFRASTRUCTURE PRIVATE LIMITED	Director	25/01/2008	25/01/2008	-	Active	NO
12	U63011MH2008PTC184587	ROBINSONS ACE LOGISTICS (INDIA) PRIVATE LIMITED	Director	11/07/2008	11/07/2008	-	Strike off	NO
13	U62100MH2010PTC198394	ROBINSONS CARGO AND LOGISTICS PRIVATE LIMITED	Whole-time director	27/09/2011	04/01/2010	-	Active	NO

Name :	Mr. Tushar Prem Vazirani
Designation :	Director
Address :	7-7B, Hermes House, Worli Seaface, Mumbai-400018, Maharashtra, India
Date of Birth/Age :	26.01.1984
Date of Appointment :	01.04.2010
PAN No.:	ACMPV0025A
DIN No.:	01077882

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	U63040MH1963PTC012685	MARITIME SERVICES PRIVATE LIMITED	Director	23/02/2007	23/02/2007	Active	NO
2	U45200MH2008PTC178236	SPTV INFRASTRUCTURE PRIVATE LIMITED	Director	25/01/2008	25/01/2008	Active	NO
3	U52100MH2009PTC196980	TWOMI RETAIL PRIVATE LIMITED	Director	10/11/2009	10/11/2009	Strike off	NO
4	U62100MH2010PTC198394	ROBINSONS CARGO AND LOGISTICS PRIVATE LIMITED	Director	01/04/2010	01/04/2010	Active	NO

Name :	Mr. Aditya Anil Vazirani
Designation :	Director
Address :	4-B, Sett Minar, 14-A, Pedder Road, Mumbai-400026, Maharashtra, India
Date of Birth/Age :	13.05.1983
Date of Appointment :	01.04.2010
PAN No.:	AVMPV0004F
DIN No.:	01282323

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	U62100MH2010PTC198394	ROBINSONS CARGO AND LOGISTICS PRIVATE LIMITED	Director	01/04/2010	01/04/2010	Active	NO
2	U63040MH1963PTC012685	MARITIME SERVICES PRIVATE LIMITED	Director	01/11/2010	01/11/2010	Active	NO

Name :	Ms. Reha Anil Vazirani
Designation :	Director
Address :	4-B, Sett Minar, 14-A, Pedder Road, Mumbai-400026, Maharashtra, India
Date of Birth/Age :	06.09.1978
Date of Appointment :	01.04.2010
DIN No.:	01282333

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	U63040MH1963PTC012685	MARITIME SERVICES PRIVATE LIMITED	Director	23/02/2007	23/02/2007	Active	NO
2	U62100MH2010PTC198394	ROBINSONS CARGO AND LOGISTICS PRIVATE LIMITED	Director	01/04/2010	01/04/2010	Active	NO

Name :	Ms. Bhavna Tariq Vaidya
Designation :	Director
Address :	31, Nymph Naryan Dhabolkar Road, Mumbai-400006, Maharashtra, India
Date of Birth/Age :	23.03.1976
Date of Appointment :	01.04.2010
PAN No.:	AABVP8556D
DIN No.:	02216026

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	U62100MH2010PTC198394	ROBINSONS CARGO AND LOGISTICS PRIVATE LIMITED	Director	01/04/2010	01/04/2010	Active	NO
2	U63040MH1963PTC012685	MARITIME SERVICES PRIVATE LIMITED	Director	01/11/2010	01/11/2010	Active	NO

Name :	Ms. Priya Darshan Shah
Designation :	Director
Address :	Raitani 5, Worli Seaface, Worli, Mumbai-400025, Maharashtra, India
Date of Birth/Age :	03.04.1969
Date of Appointment :	04.01.2010
PAN No.:	AABPV8555A
DIN No.:	02216091

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	U62100MH2010PTC198394	ROBINSONS CARGO AND LOGISTICS PRIVATE LIMITED	Director	04/01/2010	04/01/2010	Active	NO
2	U63040MH1963PTC012685	MARITIME SERVICES PRIVATE LIMITED	Additional director	12/11/2012	12/11/2012	Active	NO

Name :	Mr. Shourabh Sharma
Designation :	Director
Address :	9/1/4, Beni Madhav Mukherjee Lane, 2^nd Floor, Flat No 5, Howrah, Kolkata-711101, West Bengal, India
Date of Birth/Age :	23.07.1978
Date of Appointment :	16.07.2012
DIN No.:	02431707

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	U62100MH2010PTC198394	ROBINSONS CARGO AND LOGISTICS PRIVATE LIMITED	Director	28/09/2012	16/07/2012	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 28.09.2012

Names of Shareholders	No. of Shares
Prem Fatehchand Vazirani	301629
Anil Mohanlal Vazirani	375000
Suchitra Anil Vazirani	388880
Saju Prem Vazirani	293554
Priya Darshan Shah	130342
Bhavna Vazirani	138162
Tushar Prem Vazirani	172500
Reha Anil Vazirani	75000
Aditya Anil Vazirani	197307
Robinsons Global Logistics Private Limited, India	251458
TOTAL	2323832

AS ON 28.09.2012

Equity Shares Break Up	Percentage of Holding
Bodies corporate	10.00
Directors or relatives of Directors	90.00
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

IATA Accredited Cargo Agent and Freight Forwarders

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Not Available

Facilities :

Secured Loan	Rs. In Millions 31.03.2012	Rs. In Millions 31.03.2011
Term loans from banks	0.585	1.080
Loans repayable of demand from banks	0.997	0.000
TOTAL	1.582	1.080

Banking Relations :	--
Auditors :
Name :	Kamdar Desai and Patel Chartered Accountant
Address :	D/2/3 Nutan Jeevan Co-Operative Housing Society, Kripa Nagar, Irla S V Road, Mumbai 400056, Maharashtra, India
PAN No.:	AAAFK6948H
Group Company :	· Maritime Services Private Limited · Robinsons Global Logistics Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
2500000	Equity Shares	Rs.10/- each	Rs. 25.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2323832	Equity Shares	Rs.10/- each	Rs. 23.238 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2012	31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		23.238	15.000	15.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		159.467	73.135	9.062
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		182.705	88.135	24.062
LOAN FUNDS
1] Secured Loans		1.582	1.080	1.500
2] Unsecured Loans		23.616	160.273	178.542
TOTAL BORROWING		25.198	161.353	180.042
DEFERRED TAX LIABILITIES		0.000	0.913	0.924
TOTAL		207.903	250.401	205.028
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		53.994	42.372	46.109
Capital work-in-progress		3.600	1.895	0.000
INVESTMENT		1.446	1.484	1.081
DEFERREX TAX ASSETS		4.286	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	158.785	204.529	151.696
	Cash & Bank Balances	80.787	134.050	115.899
	Other Current Assets	10.647	5.265	0.000
	Loans & Advances	60.822	73.461	76.838
Total Current Assets		311.041	417.305	344.433
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	86.218	114.479	141.157
	Other Current Liabilities	46.212	43.602
	Provisions	34.034	54.574	45.729
Total Current Liabilities		166.464	212.655	186.886
Net Current Assets		144.577	204.650	157.547
MISCELLANEOUS EXPENSES		0.000	0.000	0.291
TOTAL		207.903	250.401	205.028

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	1518.500	1554.900	47.045
		Other Income			4.934
		TOTAL	1518.500	1554.900	51.979
Less	EXPENSES
		Operating and Other Expenses	NA	NA	12.019
		Payments to & provisions for employees			22.215
		TOTAL	NA	NA	34.234
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		NA	NA	17.745
Less/ Add	DEPRECIATION/ AMORTISATION		NA	NA	2.182
	PROFIT / (LOSS) BEFORE TAX		53.000	97.100	15.563
Less	TAX		23.200	33.100	6.501
	PROFIT / (LOSS) AFTER TAX		29.800	64.000	9.062
	Earnings Per Share (Rs.)		12.82	42.67	6.04

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	1.96	4.12	17.43
Net Profit Margin (PBT/Sales)	(%)	NA	NA	33.08
Return on Total Assets (PBT/Total Assets}	(%)	14.35	21.12	3.98
Return on Investment (ROI) (PBT/Networth)		0.29	1.10	0.65
Debt Equity Ratio (Total Debt /Networth)		0.14	1.83	7.48
Current Ratio (Current Asset/Current Liability)		1.87	1.96	1.84

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	No
24]	Banking facility details	Yes
25]	Conduct of the banking account	-----
26]	Buyer visit details	-----
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

Unsecured Loan	Rs. In Millions 31.03.2012	Rs. In Millions 31.03.2011
Loans and advances from related parties	23.616	160.273
TOTAL	23.616	160.273

NOTE

Registered office has been shifted from Canara Bank Building, 15/17, Adi Marzban Path, Ballard Estate, Mumbai-400001, Maharashtra, India to the present address w.e.f. 20.09.2012

PERFORMANCE REVIEW

The year was challenging and opportunistic for the Company as macroeconomic environment continued to remain unstable and volatile. In-spite of all odds, the Company has recorded profit. The growth oriented performance is grossly attributable to Company’s customer-centric approach and its ability to innovate customer specific solutions, focus on pricing and aggressive marketing strategy, disciplined project executions, focused management approach, prudent financial and human resources management and ensuring better control over cost.

The Company has earned total income of Rs.1518.500 Millions and earned profit before tax of Rs.53.000 Millions as compared to total income of Rs.1554.900 Millions and profit before tax of Rs.97.100 Millions in previous financial year, respectively. The profit after tax at Rs.29.800 Millions.

FIXED ASSETS

· Building

· Furniture and Fixtures

· Vehicles

· Office Equipments

· Computers

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. 54.70
UK Pound	1	Rs. 82.78
Euro	1	Rs. 71.42

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	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	7
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		49

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	-

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.