MIRA INFORM REPORT

Report Date :

16.05.2013

IDENTIFICATION DETAILS

Name :	POOJA METAL PROCESSORS PRIVATE LIMITED
Registered Office :	89 DLF Industrial Estate – 1, Faridabad – 121003, Haryana
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	20.05.1988
Com. Reg. No.:	25-030278
Capital Investment / Paid-up Capital :	Rs. 2.260 Millions
CIN No.: [Company Identification No.]	U27104HR1988PTC030278
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of electrical stamping.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

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

Maximum Credit Limit :	USD 260000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having a satisfactory track record. Trade relations are fair. Business is active. Payments terms are usually correct 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

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 / Factory 1 :	89 DLF Industrial Estate – 1, Faridabad – 121003, Haryana, India
Tel. No.:	91-129-4113988/4264500-100/2275977/4113999
Fax No.:	91-129-4062351
E-Mail :	helenbajaj@gmail.com procons.co.in@gmail.com
Factory 2:	Plot No. 212, Sector – 58, Faridabad – 121004, Haryana, India
Tel. No.:	0129-4264600
E-Mail :	info@poojametalprocessors.com poojametal@airtelmail.in
Website:	www.poojameralprocessors.com

DIRECTORS

As on 29.09.2012

Name :

Ms.Kavita Gupta

Designation :

Director

Address :

D-12/11, Model Town, Delhi 110009, India

Date of Birth/Age :

26.11.1949

Date of Appointment :

20.05.1988

DIN No.:

01157561

Name :

Mr. Arun Kumar Gupta

Designation :

Director

Address :

D-12/11, Model Town, Delhi 110009, India

Date of Birth/Age :

13.08.1952

Date of Appointment :

28.05.1988

DIN No.:

01157591

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	U27104HR1988PTC030278	POOJA METAL PROCESSORS PRIVATE LIMITED	Director	28/05/1988	28/05/1988	-	Active	NO
2	U27101HR1999PTC034163	POOJA DECARB PRIVATE LIMITED	Director	12/03/1999	12/03/1999	-	Amalgamated	NO
3	U24233DL2004PTC130772	PABIANICE PHARMA PRIVATE LIMITED	Additional director	31/07/2009	31/07/2009	-	Active	NO

Name :

Mrs. Hema Gupta

Designation :

Director

Address :

D-12/11, Model Town, Delhi 110009, India

Date of Birth/Age :

15.01.1953

Date of Appointment :

20.05.1988

DIN No.:

01157848

Name :

Mr. Mukesh Gupta

Designation :

Director

Address :

D-12/11, Model Town, Delhi 110009, India

Date of Birth/Age :

22.06.1947

Date of Appointment :

30.09.2011

DIN No.:

01157901

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	U27101HR1999PTC034163	POOJA DECARB PRIVATE LIMITED	Director	12/03/1999	12/03/1999	-	Amalgamated	NO
2	U27104HR1988PTC030278	POOJA METAL PROCESSORS PRIVATE LIMITED	Director	30/09/2011	01/01/2011	-	Active	NO

Name :

Mr. Rahul Gupta

Designation :

Director

Address :

D-12/11, Model Town, Delhi 110009, India

Date of Birth/Age :

19.01.1971

Date of Appointment :

01.10.1991

DIN No.:

01173447

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
1	U27104HR1988PTC030278	POOJA METAL PROCESSORS PRIVATE LIMITED	Director	01/10/1991	01/10/1991	-	Active
2	U27101HR1999PTC034163	POOJA DECARB PRIVATE LIMITED	Director	12/03/1999	12/03/1999	-	Amalgamated
3	U24233DL2004PTC130772	PABIANICE PHARMA PRIVATE LIMITED	Additional director	31/07/2009	31/07/2009	-	Active

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2012

Names of Shareholders	No. of Shares
Arun Gupta	10483
Kavita Gupta	1053
Hema Gupta	1683
Rahul Gupta	1600
Mukesh Gupta	5392
R C Jain	220
Pushpa Jain	230
Pooja Gupta	100
Shilpa Gupta	10
Bhavna Gupta	703
A K Gupta and Sons HUF	1000
Aman Gupta	125
Kashmiri Lal Gupta and Sons HUF	1
Total	22600

As on 06.02.2013

Names of Allottes	No. of Shares
Rahul Gupta S/o Mukesh Gupta	4500
Arun Kumar Gupta s/o Kashmir Lal Gupta	4500
Total	9000

Equity Share Break up (Percentage of Total Equity)

As on 29.09.2012

Category	Percentage
Bodies corporate	4.47
Directors or relatives of Directors	95.53
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of electrical stamping.
Exports :
Products :	Electrical Stamping
Countries :	UK
Imports :
Products :	Machinery Equipment
Countries :	China Taiwan

PRODUCTION STATUS (As on 31.03.2011)

S.No.	Particulars		2010-2011
			Unit-I	Unit-ll	Unit-IV
1.	Licensed Capacity
2.	Installed Capacity (as certified by the management & Technical Matter relied upon)	Rotar Slator	12000 MT	15000 MT	15000 MT
		Processing of Steel (STACL)		15000 MT
3.	Actual Production
	C.R. Coil/ Strip/(Processed)		814969 Kgs	-	3755230 Kqs
	Stator Stack		-	-	-
	Rotor		-	-	-
	Stator Lamination		308719K fjs	240257 Kgs	1466535 Kqs
	Rotor Lamination		151957 Kgs	114070 Kqs	607395 Kqs
4.	Scrap		349235 Kgs	10667 Kgs	1681298 Kqs
5,	Mixi Stator (in Pes.)			250294 Pes.
6.	Mixi Rotor (in Pes.)			290996 Pes.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

• Small Industries Development Bank of India, NH 5-R/2, Neelam Badshah Khan Road, NIT, Faridabad – 121001, Haryana, India
• Standard Chartered Bank, 10, Parliament Street, New Delhi – 110001, India
• Axis Bank Limited
• HDFC Bank Limited

Facilities :

Secured Loan	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
Term Loans	0.000	0.000
from Axis Bank	10.175	11.717
from SIDBl A/c 3 (Repayable within one year Rs. 5,40,000; Previous Year Rs. 5,40,511)	1.740	0.000
from SIDBI A/c 3 FCTL (Repayable within ne year US$ 62,000, Previous Year US$ 72,000)	0.726	3.888
from SIDBI A/c (Repayable within one year Rs Nil, Previous Year Rs NII)	7.500	0.000
from SIDBI A/c 5 (Repayable within one year Rs 14,00,000, Previous year Rs 11,16,000)	1.461	2.861
from SIDBI A/c 6 (Repayable within one year Rs 78,12,000; Previous year Rs 78,12,000)	30.544	38.356
from SIDBI A/c 7 (Repayable within one year Rs. Nil, Previous Year Rs Nil)	12.500	12.500
from HDFC Bank Limited (Against hypothecation of vehicle) (Repayable within one year Rs. 7,25,45O;previous year Rs. 7,00,971)	1.386	2.111
Working Capital Facilities	0.000	0.000
From Axis Bank	19.385	9.017
From Standard Chartered Bank (Against Hypothecation of Stocks and Book Debts.)	2.050	42.042
Total	87.467	122.492
Term Loan from SlDBl a/c 1 and a/c 2 secured against personal guarantee of directors, Hypothecation of Plant & Machinery and mortgage of residential property 891, sector 17, Faridabad belonging to directors Smt. Kavita Gupta and Smt. Hema Gupta Term Loan from SIDBI A/c 3 is secured against hypothecation of all the movable items of plant and machinery and other equipments acquired under the scheme. Further secured collaterally by way of first charge on equitable mortgage of leasehold rights of factory land and building situated at plot no. 96, Sector-7, Industrial Estate, SIDCUL, Haridwar and extension of mortgage of residential in the name of Mrs. Kavita Gupta and Mrs. Hema Gupta. Credit facilities from Axis Bank Limited are secured against personal guarantee of directors and mortgage of industrial property 89 DLF Industrial Area, Faridabad, belonging to M/s Pooja Metal Processors Private Limited Term Loan from SIDBI a/c 3,4,5 and a/c 6 are secured against personal guarantee of directors, hypothecation of plant and machinery and mortgage of residential property 891, scoter 17 Faridabad , belonging to director Smt Kavita Gupta, and Smt Hema Gupta Credit facilities from Standard Chartered Bank are secured against personal guarantee of directors, Corporate Guarantee of subsidiary company MIS Pooja Decarb Private Limited., and mortgage of residential property D-1211 I, Model Town-11, belonging to Sh. Kashmiri Lal Gupta

Banking Relations :	--
Auditors :
Name :	Bajaj and Associates Chartered Accountants
Address :	559, Sector – 16A, Faridabad – 121003, Haryana, India
Tel. No.:	91-129-4044369/4048898
E-Mail :	caneerajbajaj@gmail.com
PAN No.:	AAHFB9171G

CAPITAL STRUCTURE

As on 29.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
160000	Equity Shares	Rs.100/- each	Rs. 16.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
31600	Equity Shares	Rs.100/- each	Rs. 3.160 Millions

As on 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
160000	Equity Shares	Rs.100/- each	Rs. 16.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
22600	Equity Shares	Rs.100/- each	Rs. 2.260 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		2.260	1.845	1.845
2] Share Application Money		0.000	1.400	0.000
3] Reserves & Surplus		63.007	37.233	32.596
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		65.267	40.478	34.441
LOAN FUNDS
1] Secured Loans		87.467	122.492	97.426
2] Unsecured Loans		12.580	13.168	3.531
TOTAL BORROWING		100.047	135.660	100.957
DEFERRED TAX LIABILITIES		4.637	4.859	2.549
TOTAL		169.951	180.997	137.947
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		165.736	170.355	64.768
Capital work-in-progress		1.256	0.465	16.848
INVESTMENT		0.074	4.924	4.924
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	31.158	38.234	27.616
	Sundry Debtors	101.264	51.344	83.344
	Cash & Bank Balances	1.405	1.246	3.260
	Other Current Assets	0.052	0.078	0.000
	Loans & Advances	21.633	21.539	46.335
Total Current Assets		155.512	112.441	160.555
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	118.583	64.787	95.060
	Other Current Liabilities	26.121	37.265	11.191
	Provisions	7.923	5.136	3.001
Total Current Liabilities		152.627	107.188	109.252
Net Current Assets		2.885	5.253	51.303
MISCELLANEOUS EXPENSES		0.000	0.000	0.104
TOTAL		169.951	180.997	137.947

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	441.597	356.632	219.979
		Other Income	14.919	1.438	0.240
		TOTAL	456.516	358.070	220.219
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL	415.852	333.034	206.326
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		40.664	25.036	13.893
Less/ Add	DEPRECIATION/ AMORTISATION		20.790	16.324	8.567
	PROFIT BEFORE TAX		19.874	8.712	5.326
	TAX		3.661	4.075	0.716
	PROFIT AFTER TAX		16.776	4.637	4.610
	EARNINGS IN FOREIGN CURRENCY
		Export of Goods on FOB Basis	296393 GBP 80475 USD	346173 GBP	NA
	Earnings Per Share (Rs.)		742.30	251.34	450.54

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	3.67	1.29	2.09
Net Profit Margin (PBT/Sales)	(%)	4.50	2.44	2.42
Return on Total Assets (PBT/Total Assets}	(%)	12.78	7.75	3.32
Return on Investment (ROI) (PBT/Networth)		0.30	0.22	0.15
Debt Equity Ratio (Total Debt /Networth)		1.53	3.35	2.93
Current Ratio (Current Asset/Current Liability)		1.02	1.05	1.47

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	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
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

FINANCIAL RESULTS/ COMPANY PROGRESS

The company was able to mark a growth of 23.82%. With the increase in the turnover The Company was also able to increase its profitability registering a net profit after tax of Rs. 16.776 Millions as compared to Rs.4.637 Millions last year. The directors are confident that the performance of The Company shall further improve during the coming financial year. The company is constantly working on generating better profitable business from its customers and also to expand its customer base to en cash the lucrative business opportunities available in the industry.

UNSECURED LOAN

PARTICULARS	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
From Directors
Arun Gupta	6.999	5.975
Rahul Gupta	0.997	0.247
Hema Gupta	0.200	0.350
Kavita Gupta	0.500	0.836
Kashmiri Lal Gupta	0.000	4.500
From Members
Mukesh Gupta	2.849	0.225
Bhavna Gupta	0.315	0.315
From Relative Of Directors
Aman Gupta	0.275	0.275
Arun Gupta and Sons HUF	0.205	0.205
Kashmiri Lal Gupta and Sons (HUF)	0.240	0.240
Total	12.580	13.168

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U27104HR1988PTC030278
Name of the company	POOJA METAL PROCESSORS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	89 DLF Industrial Estate – 1, Faridabad – 121003, Haryana, India Email: helenbajaj@gmail.com
This form is for	Creation of charge
Type of charge	Immovable property Movable property (not being pledge)
CIN:	U27104HR1988PTC030278
Particular of charge holder	Small Industries Development Bank of India, NH 5-R/2, Neelam Badshah Khan Road, NIT, Faridabad – 121001, Haryana, India Email: riship@sidbi.in
Nature of instrument creating charge	Loan Agreement dated 04.02.2013. Deed of Hypothecation dated 04.02.2013. Declaration and Undertaking dated 04.02.2013.
Date of instrument Creating the charge	04.02.2013
Amount secured by the charge	Rs. 45.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Interest will be payable @13% p.a. fixed with monthly rests on the principal amount of loan outstanding from time to time. Terms of Repayment The loan shall be repaid in 72 monthly installments comprising of 1st 3 monthly installments of Rs.0.200 Million each, next 12 monthly installments of Rs.0.400 Million each, next 12 monthly installments of Rs.0.500 Million each, next 24 monthly installments of Rs.0.700 Million each followed by 21 monthly installments of Rs.0.800 Million each commencing after 12 months from the date of first disbursement. Margin The company shall raise additional share capital of Rs.8.800 Millions, unsecured interest free loans of Rs.8.540 Millions and invest the same towards the proposed project. Extent and Operation of the charge First charge on assets as described in Col 15(i) to 15(v) to secure term loan of Rs. 45.000 Millions. Others 2ONE
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Hypothecation of plant, machinery, equipment, tools, spares, accessories and all other assets which have been or are proposed to be purchased / acquired under the project and kept/ to be kept at Plot No.212, Sector 58, Faridabad. Extension of first charge by way of hypothecation of plant and machinery acquired out of the previous loans granted by SIDBI. Extension of first charge by way of equitable mortgage of immovable property situated at Plot No.212, Sector 58, Faridabad, Haryana admeasuring 4050 sq. mtrs. Extension of first charge by way of equitable mortgage of immovable property situated at Plot No.96, Sector VII, Industrial Estate, BHEL Ranipur Distt. Haridwar admeasuring 3740 sq. mtrs.

FIXED ASSETS

• Freehold Land
• Building
• Plant and Machinery
• Tools and dies
• Took and dies
• Furniture and Fixture
• Furniture and Firm
• Car
• Truck
• Office Equipments
• Computers Printers
• Computers Systems
• Software’s
• Fire Extinguisher
• Fire Extinguishers
• Cycle
• Electrical Installation
• Material landing equip
• Hand Tools
• Hand Tools

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.54.78
UK Pound	1	Rs.83.38
Euro	1	Rs.70.71

INFORMATION DETAILS

Report Prepared by :

KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		47

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.