BUSINESS INFORMATION REPORT

1. Summary Information

		Country	India
Company Name	TIRUMALA MUSIC CENTRE PRIVATE LIMITED	Principal Name 1	Mr. Amarnath Nangunuri
		Principal Name 2	Mr. Umayani Nangunuri
Our Reference #	212832	Registration #	01-011076
Street Address	16-10-27-105/10, Nangunuri Complex, Municipal Colony, Malakpet, Hyderabad – 500 036, Andhra Pradesh
Established Date	02.03.1990	SIC Code	--
Telephone#	91-40-24551566	Business Style 1	Traders
Fax #	91-40-24552657	Business Style 2	--
Homepage	www.tmchyderabad.com	Product Name 1	Electronic Items
# of employees	65 (Approximately)	Product Name 2	Home Products
Paid up capital	Rs.45,000,000/-	Product Name 3	--
Shareholders	Directors or Relatives of Directors – 100%	Banking	Union Bank of India
Public Limited Corp.	No	Business Period	21 Years
IPO	No	International Ins.	--
Public Enterprise	No	Rating	B (36)
Related Company
Relation	Country	Company Name	CEO
--	--	--	--
Note	--

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	78,570,000	Current Liabilities	199,909,000
Inventories	221,759,000	Long-term Liabilities	49,658,000
Fixed Assets	74,987,000	Other Liabilities	19,263,000
Deferred Assets	0,000	Total Liabilities	268,830,000
Invest& other Assets	33,702,000	Retained Earnings	95,188,000
		Net Worth	140,188,000
Total Assets	409,018,000	Total Liab. & Equity	409,018,000
Total Assets (Previous Year)	344,078,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	NA	Net Profit	30,576,000
Sales(Previous yr)	2,251,948,000	Net Profit(Prev.yr)	29,280,000

MIRA INFORM REPORT

Report Date :

16.03.2013

IDENTIFICATION DETAILS

Name :	TIRUMALA MUSIC CENTRE PRIVATE LIMITED
Registered Office :	16-10-27-105/10, Nangunuri Complex, Municipal Colony, Malakpet, Hyderabad – 500 036, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	02.03.1990
Com. Reg. No.:	01-011076
Capital Investment / Paid-up Capital :	Rs. 45.000 Millions
CIN No.: [Company Identification No.]	U31909AP1990PTC011076
TAN No.: [Tax Deduction & Collection Account No.]	HYDTO1046D
PAN No.: [Permanent Account No.]	AAACT8339A
Legal Form :	Private Limited Liability Company
Line of Business :	Traders of Electronic Items and Home Products.
No. of Employees :	65 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (36)

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

Maximum Credit Limit :	USD 560000
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The management has failed to file its latest financial with the government department. As per previous year’s record the performance capability seems to be satisfactory. Trade relations are reported to be fair. Business is active. Payments are unknown. The company can be considered for business dealings with slight 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 – 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.

INFORMATION DECLINED BY

Name :	Mr. Balakrishan P
Designation :	Finance Head
Contact No.:	91-40-23316455 / 6466
Date :	06.03.2013

LOCATIONS

Registered/ Head Office :	16-10-27-105/10, Nangunuri Complex, Municipal Colony, Malakpet, Hyderabad – 500 036, Andhra Pradesh, India
Tel. No.:	91-40-24551566/ 24555577/ 24549879/ 23316455
Fax No.:	91-40-24552657/ 23316499
E-Mail :	customercare@tmchyderabad.com tmcbegumpet@yahoo.com corporate@tmcelectronics.co.in nkl_24@rediffmail.com Deepak.panpaliya@citi.com tmccorp@yahoo.com
Website :	www.tmchyderabad.com www.tmcelectronics.co.in
Corporate Office :	2^nd Floor, Lenaine Estate, Abids, Hyderabad – 500 001, Andhra Pradesh, India
Tel. No.:	91-40-23202586/ 23204038/ 65664444/ 65662222
Corporate Office / Factory :	# 6-3-249/3/2, Lane Beside Fusion 9, Road No. 1, Banjara Hills, Hyderabad – 500 034, Andhra Pradesh, India
Tel. No.:	91-40-23316455 / 6466
Fax No.:	91-40-23316499
E Mail:	corporate@tmcelcetronics.co.in tirccorporate@yahoo.co.in
Show Rooms :	· Kukatpally : Dr. Atmaram Estate, Hydernagar, Hyderabad · Begumpet : Near Airport Flyover, Begumpet, Hyderabad · Malakpet : Main Road, Hyderabad – 500036 · ABIDS : Ground Floor, Lenaine Estate · Putlibowli : MCH Complex, Putlibowli, Hyderabad · Cellone : Sri Krupa Market, Mahaboob Mansion · A S Rao Nagar · Tirupati · Vijaywada · Vishakhapatnam
Branch Office :	· ABIDS- Lenaine Estate · Butlibowli – MCH Complex, Koti, Uttar Pradesh, India · Begumpet – Near Begumpet Airport Flyover

DIRECTORS

AS ON 30.09.2010

Name :	Mr. Amarnath Nangunuri
Designation :	Chairman and Managing Director
Address :	Prashansan Nagar, Road No. 72, Jubilee Hills, Hyderabad – 500 072, Andhra Pradesh, India
Date of Birth/Age :	25.05.1969
Date of Appointment :	02.03.1990
Date of Cessation :	09.12.2011
DIN No.:	01490442
Name :	Mr. Umayani Nangunuri
Designation :	Whole Time Director
Address :	Prashansan Nagar, Road No. 72, Jubilee Hills, Hyderabad – 500 072, Andhra Pradesh, India
Date of Birth/Age :	04.03.1971
Date of Appointment :	01.04.2002
DIN No.:	02047918

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U31909AP1990PTC011076	TIRUMALA MUSIC CENTRE PRIVATE LIMITED	Managing director	09-12-11	02-03-90	Active	NO
2	U29309AP2006PTC049082	TMC ELECTRONICS PRIVATE LIMITED	Director	08-02-06	08-02-06	Active	NO
3	U74999AP2006PTC051108	TMC DOMUS ITALICA INDIA PRIVATE LIMITED	Managing director	09-12-11	12-09-06	Active	NO
4	U52399AP2009PTC064129	LUXOSPHERE ITALIA INDIA PRIVATE LIMITED	Managing director	09-12-11	25-06-09	Active	NO
5	U52600AP2009PTC063693	TOUCH HOMES EXPRESS SERVICES PRIVATE LIMITED	Managing director	09-12-11	01-03-10	Active	NO

Name :	Mr. Praveen Kumar Nangunuri
Designation :	Director
Address :	Plot No. 144, SBI Colony, Motilal Nehru Nagar, Begumpet, Hyderabad – 500 016, Andhra Pradesh, India
Date of Birth/Age :	19.02.1980
Date of Appointment :	24.08.2007
DIN No.:	01871305

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U31909AP1990PTC011076	TIRUMALA MUSIC CENTRE PRIVATE LIMITED	Director	24-08-07	24-08-07	Active	NO
2	U65910AP1994PLC018450	TIRUMALA SRINIVASA INFRASTRUCTURES (INDIA) LIMITED	Additional director	05-12-07	05-12-07	Active	NO
3	U52600AP2009PTC063693	TOUCH HOMES EXPRESS SERVICES PRIVATE LIMITED	Director	01-03-10	01-03-10	Active	NO

Name :	Mr. Venkatesh Nangunuri
Designation :	Director
Address :	1-11-252/31, Motilala Nehru Nagar, Begumpet, Hyderabad - 500 016, Andhra Pradesh, India
Date of Birth/Age :	22.12.1977
Date of Appointment :	24.08.2007
DIN No.:	00464062

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U65992AP1987PTC007766	TIRUMALA BALAJI CHIT FUND PRIVATE LIMITED	Director	07-02-03	07-02-03	25-03-10	Active	NO
2	U31909AP1990PTC011076	TIRUMALA MUSIC CENTRE PRIVATE LIMITED	Director	24-08-07	24-08-07	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2010

Names of Shareholders	No. of Shares
Nangunuri Amarnath	2340135
Nangunuri Umavani	359865
Nangunuri Venkatesh	900000
Nangunuri Praveen kumar	900000
Total	4500000

AS ON 30.09.2010

Equity Shares Break Up	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Traders of Electronic Items and Home Products.

Products :

· Consumer Electronics · Home Appliances · Water Cooler · Tape Recorder · Deck · Television · VCR, DVD Player and DVD Recorder · Washing Machine · Refrigerator · Radio · Air Conditioner · Fan · Still Camera · Video Camera · Camcorder · Video Game · MP3 Player · Microwave · Dish Washer · Toaster · Mixies and Grinder · Vaccume Cleaner · Iron Box · Water Heater · Car Audio · Telephone · Digital Camera · Sewing Machine

GENERAL INFORMATION

No. of Employees :

65 (Approximately)

Bankers :

• Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227, D, Nariman Point, Mumbai – 400 021, Maharashtra, India

Facilities :

Secured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Working capital loans secured
Working capital loans banks secured	30.000	0.000
Working capital loans others secured	18.224	65.810
Loans taken for fixed assets secured
Loans taken for vehicles secured	1.434	2.867
Total	49.658	68.677

Banking Relations :	--
Auditors :
Name :	Venugopal and Chenoy Chartered Accountants
Address :	Tilak Road, Hyderabad – 500 001, Andhra Pradesh, India
Pan. No.:	AACFV0612M

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.10/- each	Rs. 50.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
4500000	Equity Shares	Rs.10/- each	Rs. 45.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		45.000	45.000	45.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		95.188	52.222	22.942
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		140.188	97.222	67.942
LOAN FUNDS
1] Secured Loans		49.658	68.677	14.456
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		49.658	68.677	14.456
DEFERRED TAX LIABILITIES		2.004	1.688	1.300
TOTAL		191.850	167.587	83.698
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		74.987	59.870	52.242
Capital work-in-progress		0.000	1.237	0.413
INVESTMENT		33.702	18.691	1.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	221.759	153.224	126.508
	Sundry Debtors	10.276	8.774	15.590
	Cash & Bank Balances	25.275	57.288	22.112
	Other Current Assets	1.588	0.256	0.752
	Loans & Advances	41.431	44.738	32.593
Total Current Assets		300.329	264.280	197.555
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	156.262	158.822	145.296
	Other Current Liabilities	43.647	2.739	2.276
	Provisions	17.259	14.930	19.940
Total Current Liabilities		217.168	176.491	167.512
Net Current Assets		83.161	87.789	30.043
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		191.850	167.587	83.698

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	NA	2251.948	1944.881
		Other Income		170.981	144.164
		TOTAL (A)	NA	2422.929	2089.045
Less	EXPENSES
		Purchases		2112.185	1841.714
		Personnel Expenses		46.730	42.662
		Administrative & Other Expenses	NA	75.337	64.776
		Selling Expenses		147.717	104.545
		Miscellaneous Expenditure Written off		0.000	0.349
		Increase/ Decrease in Stocks		(26.716)	(20.297)
		TOTAL (B)	NA	2355.253	2033.749
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		NA	67.676	55.296
Less	FINANCIAL EXPENSES (D)		NA	16.030	6.933
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		NA	51.646	48.363
Less/ Add	DEPRECIATION/ AMORTISATION (F)		NA	6.145	4.912
	PROFIT BEFORE TAX (E-F) (G)		48.151	45.501	43.451
Less	TAX (H)		17.575	16.221	22.079
	PROFIT AFTER TAX (G-H) (I)		30.576	29.280	21.372
	BALANCE CARRIED TO THE B/S		30.576	29.280	21.372
	Earnings Per Share (Rs.)		6.79	6.51	4.75

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	NA	1.21	1.02
Net Profit Margin (PBT/Sales)	(%)	NA	2.02	2.23
Return on Total Assets (PBT/Total Assets}	(%)	12.83	14.04	17.61
Return on Investment (ROI) (PBT/Networth)		0.34	0.47	0.64
Debt Equity Ratio (Total Debt/Networth)		0.35	0.71	0.21
Current Ratio (Current Asset/Current Liability)		1.38	1.50	1.18

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 two years	Yes
12]	Profitability for last three years	No
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	No
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

FORM 8

Corporate identity number of the company	U31909AP1990PTC011076
Name of the company	TIRUMALA MUSIC CENTRE PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	16-10-27-105/10, Nangunuri Complex, Municipal Colony, Malakpet, Hyderabad – 500036, Andhra Pradesh, India
This form is for	Modification of charge
Type of charge	Book debts Movable property (not being pledge) Others
Particular of charge holder	Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227, D, Nariman Point, Mumbai – 400 021, Maharashtra, India
Nature of instrument creating charge	Supplementry Deed of Hypothecation
Date of instrument Creating the charge	29.08.2011
Amount secured by the charge	Rs. 185.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest CC / TL l / ll - Floating over the tenure of the facility. WCDL - As deemed fit by the Bank at the time of disbursement. Conditional WCDL - On such terms and conditions as deemed fit by the Bank. Terms of repayment WCDL - On demand as per terms and conditions as deemed fit by the Bank. Conditional WCDL - On such terms and conditions as deemed fit by the Bank. TL l / ll - 1. Loan shall be repaid by way of 36 / 60 EMIs starting from month following the month of first disbursement of TL. 2. EMIs shall be recovered by ways of debit to current account of the Borrower with the Bank. OR EMIs shall be recovered by banking PDCs on respective due dates. Margin WCDL - On such terms and conditions as deemed fit by the Bank. Conditional WCDL - On such terms and conditions as deemed fit by the Bank. TL l - 25% TL ll - 40% Extent and operation of the charge First and exclusive charge by way of Hypothecation of Current assets and Movable fixed assets present and future of the Borrower, in favour of Kotak Mahindra bank as security for repayment of financial facilities granted by the Bank to the Borrower.
Short particulars of the property charged (Including location of the property)	The whole of Borrower's Current assets & Movable fixed assets both present and future as described in Schedule to the Supplementary Deed of Hypothecation.
Charge identification number of the charge to be modified	10176313
Date of instrument modifying the charge	11.06.2011
Particulars of the present modification	Bank had granted facilities of Rs.85.000 Millions to the Borrower which was secured by way of Hypothecation on Current assets and Moveable fixed assets of the company on 21.09.2009. Said charge was modified on 11.06.2011. Now bank has enhance CC facility from Rs.55.000 Millions to Rs.70.000 Millions and also granted additional WCDL (Pre Approved) facility of Rs.20.000 Millions and TL-ll facility of Rs.35.000 Millions to the Company and the said charge is modified and extended to the increased total facilities of Rs.185.000 Millions.

FIXED ASSETS:

· Land

· Buildings

· Vehicles

· Computers

· Office Equipments

· Furniture and Fixtures

· Goodwill

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] 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. 54.16
UK Pound	1	Rs. 81.74
Euro	1	Rs. 70.50

INFORMATION DETAILS

Information Gathered by :	PDT
Report Prepared by :	DPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--RESERVES	1~10	4
--CREDIT LINES	1~10	4
--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		36

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.