MIRA INFORM REPORT

Report Date :

23.05.2013

IDENTIFICATION DETAILS

Name :	SUNSHINE KITCHENS PRIVATE LIMITED

Registered Office :	202, R.K. Tower, Peetal Factory Area, Jhotwara, Jaipur – 302 016 Rajasthan

Country :	India

Financials (as on) :	31.03.2012

Date of Incorporation :	23.09.2008

Com. Reg. No.:	17-027442

Capital Investment / Paid-up Capital :	Rs. 0.100 Million

CIN No.: [Company Identification No.]	U31909RJ2008PTC027442

TAN No.: [Tax Deduction & Collection Account No.]	JPRS08914D

PAN No.: [Permanent Account No.]	AAMCS3897C

Legal Form :	Private Limited Liability Company

Line of Business :	Trader and Exporter of Kitchen Accessories.

No. of Employees :	15 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ca (14)

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 :	Slow

Litigation :	Clear

Comments :	Subject is a relatively small company having moderate track. There appears huge accumulated losses recorded by the company. Profitability of the company is under pressure. However, trade relations are reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings on safe and secured 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

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 (GENERAL DETAILS)

Name :	Ms. Priya
Designation :	Office co-ordinator
Contact No.:	91-141-2203192
Date :	22.05.2013

LOCATIONS

Registered Office/ Head Office 1 :	202, R.K. Tower, Peetal Factory Area, Jhotwara, Jaipur – 302 016 Rajasthan, India
Tel. No.:	91-141-4023237/ 2203192
Mobile No.:	91-9314613814 (Mr. Peeyush Dhanuka - Director)
Fax No.:	91-141-2203192
E-Mail :	mpk927@gmail.com info@dhanukagroup.in
Website :	http://www.dhanukagroup.in
Location :	Owned

Head Office 2 :	302, R.K. Tower, Near Peetal Factory, Jhotwara Road, Jaipur – 302 016, Rajasthan, India

DIRECTORS

As on 30.09.2011

Name :

Mr. Yogesh Girish Chandra Dhanuka

Designation :

Director

Address :

C-23, Urmila Marg, Hanuman Nagar, Jaipur – 302 021, Rajasthan, India

Date of Birth/Age :

04.12.1975

Date of Appointment :

23.09.2008

DIN No.:

01437705

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	U14101RJ1988PTC004406	Golchha Marbles Private Limited	Director	14-03-05	14-03-05	13-08-07	Active	NO
2	U45201RJ2005PTC021231	Dhanuka Coloniser and Builders Private Limited	Director	01-09-05	01-09-05	-	Active	NO
3	U45201RJ2005PTC021400	Sunshine Buildhome Private Limited	Director	05-10-05	05-10-05	-	Active	NO
4	U45201RJ2008PTC025705	Sunshine Buildmart Private Limited	Director	18-01-08	18-01-08	-	Active	NO
5	U24232RJ2008PTC027249	Stem Biosciences Private Limited	Director	26-08-08	26-08-08	-	Active	NO
6	U31909RJ2008PTC027442	Sunshine Kitchens Private Limited	Director	23-09-08	23-09-08	-	Active	NO
7	U45201RJ2010PTC032810	Shri Shyam Realmart Private Limited	Director	01-03-11	01-03-11	-	Active	NO
8	U36102RJ2011PTC036995	Premia Woodtech Private Limited	Director	14-11-11	14-11-11	-	Active	NO
9	U70101RJ2011PTC037025	Sunshine Realmart Private Limited	Director	16-11-11	16-11-11	-	Active	NO

Name :

Mr. Peeyush Girish Chandra Dhanuka

Designation :

Director

Address :

C-23, Urmila Marg, Hanuman Nagar, Jaipur – 302 021, Rajasthan, India

Date of Birth/Age :

18.10.1979

Date of Appointment :

23.09.2008

DIN No.:

01437706

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	U45201RJ2005PTC021231	Dhanuka Coloniser and Builders Private Limited	Director	01-09-05	01-09-05	Active	NO
2	U45201RJ2005PTC021400	Sunshine Buildhome Private Limited	Director	05-10-05	05-10-05	Active	NO
3	U45201RJ2008PTC025705	Sunshine Buildmart Private Limited	Director	18-01-08	18-01-08	Active	NO
4	U24232RJ2008PTC027249	Stem Biosciences Private Limited	Director	26-08-08	26-08-08	Active	NO
5	U31909RJ2008PTC027442	Sunshine Kitchens Private Limited	Director	23-09-08	23-09-08	Active	NO
6	U45201RJ2010PTC032810	Shri Shyam Realmart Private Limited	Director	01-03-11	01-03-11	Active	NO
7	U36102RJ2011PTC036995	Premia Woodtech Private Limited	Director	14-11-11	14-11-11	Active	NO
8	U70101RJ2011PTC037025	Sunshine Realmart Private Limited	Director	16-11-11	16-11-11	Active	NO

Name :

Mr. Girish Chandra Gajanand Dhanuka

Designation :

Director

Address :

C-23, Urmila Marg, Hanuman Nagar, Jaipur – 302 021, Rajasthan, India

Date of Birth/Age :

09.11.1948

Date of Appointment :

01.04.2009

DIN No.:

02679931

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	U45201RJ2005PTC021231	Dhanuka Coloniser and Builders Private Limited	Director	01-04-09	01-04-09	Active	NO
2	U24232RJ2008PTC027249	Stem Biosciences Private Limited	Director	01-04-09	01-04-09	Active	NO
3	U31909RJ2008PTC027442	Sunshine Kitchens Private Limited	Director	01-04-09	01-04-09	Active	NO
4	U45201RJ2008PTC025705	Sunshine Buildmart Private Limited	Director	01-04-09	01-04-09	Active	NO
5	U45201RJ2010PTC032810	Shri Shyam Realmart Private Limited	Director	01-03-11	01-03-11	Active	NO
6	U45201RJ2005PTC021400	Sunshine Buildhome Private Limited	Director	01-07-11	01-07-11	Active	NO
7	U36102RJ2011PTC036995	Premia Woodtech Private Limited	Director	14-11-11	14-11-11	Active	NO

Name :

Mr. Hitesh Girish Chandra Dhanuka

Designation :

Director

Address :

C-23, Urmila Marg, Hanuman Nagar, Jaipur – 302 021, Rajasthan, India

Date of Birth/Age :

12.04.1980

Date of Appointment :

23.09.2008

DIN No.:

01437707

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	U45201RJ2005PTC021231	Dhanuka Coloniser and Builders Private Limited	Director	01-09-05	01-09-05	Active	NO
2	U45201RJ2005PTC021400	Sunshine Buildhome Private Limited	Director	05-10-05	05-10-05	Active	NO
3	U45201RJ2008PTC025705	Sunshine Buildmart Private Limited	Director	18-01-08	18-01-08	Active	NO
4	U24232RJ2008PTC027249	Stem Biosciences Private Limited	Director	26-08-08	26-08-08	Active	NO
5	U31909RJ2008PTC027442	Sunshine Kitchens Private Limited	Director	23-09-08	23-09-08	Active	NO
6	U45201RJ2010PTC032810	Shri Shyam Realmart Private Limited	Director	01-03-11	01-03-11	Active	NO
7	U36102RJ2011PTC036995	Premia Woodtech Private Limited	Director	14-11-11	14-11-11	Active	NO
8	U70101RJ2011PTC037025	Sunshine Realmart Private Limited	Director	16-11-11	16-11-11	Active	NO

KEY EXECUTIVES

Name :	Ms. Priya
Designation :	Office co-ordinator

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2012

Names of Shareholders		No. of Shares
Yogesh Dhanuka		12500
Peeyush Dhanuka		12500
Hitesh Dhanuka		12500
Girish Chandra Dhanuka		12500
Total		50000

AS ON 29.09.2012

Equity Shares Break Up	Percentage of Holding

Directors or relatives of Directors	100.00
TOTAL	100.00

BUSINESS DETAILS

Line of Business :	Trader and Exporter of Kitchen Accessories.

Products :	v Accessories/Kitchen Organizers: Below Counter Storage, Mid Level Accessories, Mass Storage Systems, Utilities and Miscellaneous, Wardrobe Accessories v Appliances: Cooker Hoods, Inbuilt Hobs, Cooktops, Cooking Range, Inbuilt Microwave Ovens

Exports :
Products :	Kitchen Accessories
Countries :	Middle East

Terms :
Selling :	Cash and Credit

Purchasing :	Cash and Credit

GENERAL INFORMATION

Supplier :

ABM Wood Decor Private Limited
Akanksha Agencies Private Limited
B. Fatehpuria and Sons
Dezin Today
Dot W Dash Graphics
Elegant Electricals
Evershine Appliances Private Limited
Hettich India Private Limited
Jaipur Glass House
Jhalani Glass Agencies
Jyoti (India) Metal Industries Private Limited
Kamdhenu Industrial Service
The Bath Collection
Tirupati Trading Company
Usha International Limited
Vibrant Metaltech Private Limited

Customers :

Retailers and End Users

Neha Plywood and Timbers
Rajasthan Fitting House Private Limited
Rajasthan Polymers
Risabh Hardwares
Shiv Plywood and Hardware (Alwar)
Shiv Plywood Timber and Hardware
Shri Om Entemrises
Shri Ramdev Modular Kitchens and Furniture
Shri Ram Plywood and Timbers
Somani Tiles and Sanitarywares
Subhga Enterprises
Sukharam Surajmal
Sun Moon Timber Plywood and Hardware

No. of Employees :

15 (Approximately)

Bankers :

Bank of Baroda, Park Street Branch, M.I. Road, Jaipur – 302 016, Rajasthan, India
Bank of Maharashtra, Unnati Towar, Vidhyadhar Nagar, Jaipur - 302016, Rajasthan, India

Facilities :

Secured Loans

31.03.2012

Rs. In Millions

31.03.2011

Rs. In Millions

Loan Repayable on demand

Bank OD A/c

1.452

1.516

Total

1.452

1.516

Banking Relations :

Auditors :

Name :

Manish Borad and Company

Chartered Accountants

Address :

208, Saraogi Mension, M.I. Road, Jaipur – 302 001, Rajasthan, India

Tel. No.:

91-141257199

Mobile No.:

91-9828061559/ 9829068558

E-Mail :

manishborad@hotmail.com

PAN No :

ABVPB3454H

CAPITAL STRUCTURE

AS ON 29.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount

50000	Equity Shares	Rs.10/- each	Rs. 0.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

50000	Equity Shares	Rs.10/- each	Rs. 0.500 Million

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount

10000	Equity Shares	Rs.10/- each	Rs. 0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

10000	Equity Shares	Rs.10/- each	Rs. 0.100 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2012	31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		0.100	0.100	0.100
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		(3.957)	(3.763)	0.000
4] (Accumulated Losses)		0.000	0.000	(2.396)
NETWORTH		(3.857)	(3.663)	(2.296)
LOAN FUNDS
1] Secured Loans		1.452	1.516	2.936
2] Unsecured Loans		4.463	3.178	0.959
TOTAL BORROWING		5.915	4.694	3.895
DEFERRED TAX LIABILITIES		0.000	0.000	0.000

TOTAL		2.058	1.031	1.599

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		0.255	1.329	1.106
Capital work-in-progress		0.000	0.000	0.000

INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	2.674	1.685	1.902
	Sundry Debtors	0.342	0.252	0.467
	Cash & Bank Balances	0.119	0.044	0.083
	Other Current Assets	0.005	0.005	0.000
	Loans & Advances	0.028	0.174	0.403
Total Current Assets		3.168	2.160	2.855
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.645	0.619	1.153
	Other Current Liabilities	0.720	1.839	1.216
	Provisions	0.000	0.000	0.000
Total Current Liabilities		1.365	2.458	2.369
Net Current Assets		1.803	(0.298)	0.486

MISCELLANEOUS EXPENSES		0.000	0.000	0.007

TOTAL		2.058	1.031	1.599

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	9.834	9.382	6.389
		Other Income	0.043	0.051	0.920
		TOTAL (A)	9.877	9.433	7.309

Less	EXPENSES
		Cost of Material consumed	0.000	0.000
		Purchase in stock- in-Trade	6.968	5.717
		Change in Inventories of finished goods work- in progress and stock in trade employee benefits expenses	(0.988)	0.217
		Employees benefits expense	1.432	1.231
		Other Expenses	2.240	3.128
		TOTAL (B)	9.652	10.293	9.038

Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		0.225	(0.860)	(1.729)

Less	FINANCIAL EXPENSES (D)		0.219	0.294	0.336

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		0.006	(1.154)	(2.065)

Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.200	0.213	0.117

	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		(0.194)	(1.367)	(2.182)

Less	TAX (H)		0.000	0.000	0.000

	PROFIT / (LOSS) AFTER TAX (G-H) (I)		(0.194)	(1.367)	(2.182)

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(3.763)	(2.396)	(0.214)

	BALANCE CARRIED TO THE B/S		(3.957)	(3.763)	(2.396)

	Earnings Per Share (Rs.)		(19.40)	(136.70)	(218.20)

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	(1.96)	(14.49)	(29.85)

Net Profit Margin (PBT/Sales)	(%)	(1.97)	(15.95)	(34.15)

Return on Total Assets (PBT/Total Assets}	(%)	(5.66)	(39.18)	(55.09)

Return on Investment (ROI) (PBT/Networth)		(0.05)	0.37	0.95

Debt Equity Ratio (Total Debt /Networth)		(1.53)	(1.28)	(2.73)

Current Ratio (Current Asset/Current Liability)		2.32	0.87	1.21

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	Yes
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%	No
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	Yes
18]	Major customers	Yes
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 LOANS

Particular	31.03.2012 Rs. In Millions	31.03.2011 Rs. In Millions
Dhanuka colonizer and Building Private Limited	0.791	0.766
Girish Chandra Dhanuka	0.270	0.000
Hitesh Dhanuka	0.898	0.448
Peeyush Dhanuka (Loan A/c)	1.684	1.414
Yogesh Dhanuka	0.820	0.550
Total	4.463	3.178

FORM 8

Corporate identity number of the company	U31909RJ2008PTC027442
Name of the company	SUNSHINE KITCHENS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	202, R.K. Tower, Peetal Factory Area, Jhotwara, Jaipur – 302 016 Rajasthan, India E-Mail: mpk927@gmail.com
This form is for	Creation of charge
Type of charge	Immovable property Any interest in immovable property Book debts Movable property (not being pledge)
Particular of charge holder	Bank of Maharashtra, Unnati Towar, Vidhyadhar Nagar, Jaipur - 302016, Rajasthan, India
Nature of instrument creating charge	Composite Deed of Hypothecation For All Facilities For Term Loan of Rs 3.500 millions And Cc Limit of Rs 2.500 Millions, Total Facility of Rs 6.000 millions
Date of instrument Creating the charge	23.06.2012
Amount secured by the charge	Rs. 6.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest Base Rate + 2.5%, At Present 13.0% Pa With Monthly Rest Terms of repayment Term Loan: Principle Repayable In 78 Monthly Installments After A Moratorium of 6 Months. Intt Repayable as and When Applied Cc Limit: Repayable On Demand, Renewal Annually Margin TERM LOAN: 25% OF PROJECT COST CC LIMIT: 25% of Stock and Book Debts Extent and operation of the charge Exclusive Charge of Bank of Maharashtra Other NIL
Short particulars of the property charged (Including location of the property)	Hypothecation of Project Assets Hypothecation of Stocks, Book Debts and All Current and Non Current Assets, Whether Present or Future of The Company

FIXED ASSETS:

Machinery and Plant

Electrical Equipments
Computers

Furniture and Fittings

Furniture and Fixture
Furniture (Showroom)

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.55.52
UK Pound	1	Rs.84.09
Euro	1	Rs.71.67

INFORMATION DETAILS

Information Gathered by :	HTA

Report Prepared by :	DPK

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	-
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	2
--RESERVES	1~10	-
--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	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		14

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.

MIRA INFORM REPORT

2.674

0.342

0.119

0.005

0.028

3.168

0.645

0.720

0.000

1.365

1.803

(1.96)

(14.49)

(29.85)

(1.97)

(15.95)

(34.15)

(5.66)

(39.18)

(55.09)

(0.05)

0.37

0.95

(1.53)

(1.28)

2.32

0.87

Unit