MIRA INFORM REPORT

Report Date :

01.10.2013

IDENTIFICATION DETAILS

Name :	CARGILL INDIA PRIVATE LIMITED
Registered Office :	111, Rectangle-I, Saket District Center, New Delhi - 110017
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	12.04.1996
Com. Reg. No.:	55-118008
Capital Investment / Paid-up Capital :	Rs. 410.459 Millions
CIN No.: [Company Identification No.]	U15440DL1996PTC118008
PAN No.: [Permanent Account No.]	AAACC3269J
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Trader of Agricultural, Industrial and Food Products.
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

A (62)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 7959000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a part of Cargill USA. It is an established company having fine track record. Latest financial i.e. 2011-12 are not available with us. Mr. Prakash (Accounts Department) denied to give any detail to us. As per available financial i.e. 2011 it seems that the company has recorded some accumulated losses. However, the company receives good financial support from its group companies. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments in view of strong holding. The company can be considered good for normal 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 – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
India	A1	A1

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

INDIAN ECONOMIC OVERVIEW

We are living in a world where volatility and uncertainty have become the New Normal. We saw a change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once powerful countries in Europe are now fighting for bankruptcy. We have taken growth in the developing part of the world for granted but economic growth in China and India has begun to slow. Companies that were synonymous with their product categories just a few years ago are now no longer in existence. Kodak, the inventor of the digital camera had to wind up its operations, HMV, the British entertainment retailing company and Borders, once the second largest bookstore have shut down due to their inability to evolve their business models with the changing time. Readers’ Digest, Thomson Register are no more !

There is another megatrend happening. The World order is changing as economic power shifts from West to East. According to McKinsey study, it took Britain more than 100 years to double its economic output per person during its industrial revolution and the US later took more than 50 years to do the same. More than a century later, China and India have doubled their GDP per capital in 12 and 18 years respectively. By 2020, emerging Asia will become the world’s largest consuming block, overtaking North America.

The years after the outbreak of the global financial crisis, the world economy continues to remain fragile. The Indian economy demonstrated remarkable resilience in the initial years of the contagion but finally lost ground last year. GDP growth slowed down. Currency has been weakening. There is a marked deceleration in agriculture, industry and services. Dampening sentiment led to a cut-back in investment as well as private consumption expenditure.  Inflation remained at high levels fuelled by the pressure from the food and fuel sectors. The large fiscal and current account deficit s continued to cause grave concern. It is imperative that India regains its growth trajectory of 8-9 % sooner than later. This is crucially important given the need to create gainful livelihood opportunities for the millions living in poverty as also the large contingent of young people joining the job market every year.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Rs. 1500 Millions Commercial Paper Programme = A1+
Rating Explanation	Very strong degree of safety and lowest credit risk.
Date	August 31, 2012

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. Prakash
Designation :	Accounts Department
Contact No.:	91-124-4090538
Date :	30.09.2013

LOCATIONS

Registered Office :	111, Rectangle-I, Saket District Center, New Delhi – 110017, India
Tel. No.:	91-11-46010389
Fax No.:	91-11-46010390
E-Mail :	india_cargillgroup@cargill.com
Website :	http://www.cargill.co.in
Corporate Office :	14^th Floor, Building 9 A, DLF Cyber City, Phase III Gurgaon – 122002, Haryana, India
Tel. No.:	91-124-2358939/ 4090489
Fax No.:	91-124-2358977/ 2358972/ 73
Regional Offices :	Located at: · Ghaziabad · Kolkata · Mumbai · Pune · Nagpur

DIRECTORS

As on: 28.09.2012

Name :

Mr. Siraj Azmat Chaudhry

Designation :

Director

Address :

S-12B, Windsor Court, DLF Phase IV, Gurgaon-122009, Haryana, India

Date of Birth/Age :

08.01.1967

Date of Appointment :

30.09.2008

DIN No.:

00161853

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	U74999DL1979PLC136409	Cargill Foods India Limited	Managing director	20/10/2005	20/10/2005	-	Amalgamated	NO
2	U15440DL1996PTC118008	CARGILL INDIA PRIVATE LIMITED	Director	30/09/2008	22/09/2008	-	Active	NO

Name :

Mr. Viraraghavan Sankaran

Designation :

Director

Address :

519-A, Hamilton Court, DLF Phase IV, Gurgaon -122002, Haryana, India

Date of Birth/Age :

07.04.1964

Date of Appointment :

30.09.2008

DIN No.:

00174728

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	U15142PN2003PTC018125	GLOBAL OILS AND FATS LIMITED	Director	20/10/2005	20/10/2005	-	Amalgamated	NO
2	U74999DL2003PLC136410	GLOBAL OILS AND FATS LIMITED	Director	20/10/2005	20/10/2005	-	Amalgamated	NO
3	U15440DL1996PTC118008	CARGILL INDIA PRIVATE LIMITED	Director	30/09/2008	30/09/2008	-	Active	NO

Name :

Mr. Srinivasa Rao Namburi

Designation :

Director

Address :

B-1102, Park Life, Sector-57, Gurgaon-122011, Haryana, India

Date of Birth/Age :

14.10.1975

Date of Appointment :

28.09.2012

DIN No.:

03614838

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	U74130DL2006PTC148459	AWB KRISHI UPAAJ VIPNAN PARISAR (TALERA) PRIVATE LIMITED.	Director	30/09/2011	05/09/2011	09/01/2012	Active	NO
2	U15440DL1996PTC118008	CARGILL INDIA PRIVATE LIMITED	Director	28/09/2012	09/01/2012	-	Active	NO

Name :

Mr. Parmeshwar Ravi

Designation :

Director

Address :

115, Hamilton Court, DLF Phase 4, Gurgaon 122002, Haryana, India

Date of Birth/Age :

12.02.1966

Date of Appointment :

28.09.2012

DIN No.:

05216282

KEY EXECUTIVES

Name :	Ms. Jyoti Arora
Designation :	Secretary
Address :	H.No.768/22, Street No. 2, Gandhi Nagar, Gurgaon-122 001, Haryana, India
Date of Birth/Age :	25.07.1981
Date of Appointment :	21.10.2008
PAN No.:	AIAPA1497K

MAJOR SHAREHOLDERS

As on: 28.09.2012

Names of Equity Shareholders	No. of Shares
Cargill Mauritius Limited, Mauritius	40348554
Cargill International Trading Pte. Limited, Singapore	2
Total	40348556

Names of Preference Shareholder	No. of Shares
Cargill Global Trading India Private Limited, India	1250000
Total	1250000

As on: 10.07.2013

Names of Allottee [Equity Shares]	No. of Shares
Cargill Mauritius Limited, Mauritius	552663
Total	552663

Equity Share Break up (Percentage of Total Equity)

As on: 28.09.2012

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Trader of Agricultural, Industrial and Food Products.

Products/ Services :

ITC Code No.	Product Descriptions
11031300	Com
15132900.10	Palmolive Oil
230400.02	Soyameal
3302.10	Food Flavours

PRODUCTION STATUS (AS ON 31.03.2011)

Licensed capacity / Installed Capacity *

Particulars	Unit	Licensed Capacity
Edible oil refining	MT per annum	1140000
Aqua feed	MT per annum	36000
Emulsion and food flavors	MT per annum	2500
Others * *	MT per annum	190800

NOTE:

· *As certified by the management and not verified by the Auditor being a technical matter.

· **Represents installed capacity of distilled fatty acid (25500 MT), acid oil (13800 MT), hydro vasnaspati (150000 MT) and packing film extrusion (1500 MT).

GENERAL INFORMATION

No. of Employees :	Information declined by the management.
Bankers :	HDFC Bank Limited State Bank of India Axis Bank Limited

Banking Relations :	--
Auditors :
Name :	BSR and Company Chartered Accountant
Address :	Building No. 10, 8^th Floor, Tower – B, DLF Cyber City, Phase – II, Gurgaon 122002, Haryana, India
Tel. No.:	91-124-2549191
Fax No.:	91-124-2549101
PAN No.:	AAAFB9852F
Holding company :	Cargill Mauritius Limited, Mauritius
Ultimate holding company :	Cargill Incorporated, USA
Fellow subsidiaries :	· Cargill International S A, Geneva · Cargill International Trading Pte Limited, Singapore · Carval India Private Limited CIN No.: U74140DL2006PTC181629 · Black River Advisors India Private Limited · Cargill Ocean Transportation, Singapore · P. T. Cargill, Indonesia · Cargill Asia Pacific Treasury Limited, Singapore · Cargill Agricola S A · Cargill Feed SDN BHD · Cargill TSF Asia Pte Limited, Singapore · Cargill Financial Services Corporation, USA · Cargill PLC, UK · Cargill Global Trading India Private Limited · Cargill (Malaysia) SDN BHD · Cargill France · Cargill Europe BVBA , Belgium · Poliamba Limited · Cargill Asia-Pacific Holdings Pte Limited, Singapore · Cargill Flavours System UK Limited · Cargill Phillipines Inc. · Cargill Palm Products SDN, BHD, Malaysia · Cargill Flavours System US, LLC · Cargill Investment China Limited · Cargill BV, Amsterdam · Cargill Capital and Financial Services India Private Limited CIN No.: U65993DL2006PTC147422 · Cargill Vietnam Limited · CAN Technologies Inc, US · Cargill Ferrous International, US · Mosaic India Private Limited, India CIN No.: U24129DL2004PTC126157 · M A Cargill Trading · Cargill Cotton Limited · Cargill Enterprise Inc, Russia · Cgl Agri Purina Inc, South Korea · Cargill SAS , France · Cargill Grain and Oilseeds (Yangjiang) Limited · Cargill Japan Limited · Cargill Hong Kong Limited · Agribrands Purina (Fushun) Feedmill Company Limited · Cargill Protein Feed (Dongguan) Limited · Cargill Oil Packers BVBA · Cargill Tarim Ve Gida Sanayi Ve Ticaret As · CTP (PNG) Limited · CTP Holdings Pte Limited · Cargill SACI Sucursal, Uruguay · Cargill President Holdings Pte Limited · Agribrands Purina Guatemala · Cargill Australia Limited · Cargill France S.A. · Cargill Holdings B.V. · Cargill Investments (China) Limited · Cargill Nutriproducts Inc · Cargill RSA Holdings · Cargill Siam Limited · Cargill Tropical Palm Holdings Pte Limited · Cargill Global Trading Solutions India Private Limited CIN No.: U51909DL2002PTC118226

CAPITAL STRUCTURE

After 28.09.2012

Authorised Capital : Rs. 1460.000 Millions

Issued, Subscribed & Paid-up Capital : Rs. 557.307 Millions

As on: 28.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
120000000	Equity Shares	Rs. 10/- each	Rs. 1200.000 Millions
26000000	Preference Shares	Rs. 10/- each	Rs. 260.000 Millions
	Total		Rs. 1460.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
40348556	Equity Shares	Rs. 10/- each	Rs. 403.486 Millions
1250000	Preference Shares	Rs. 10/- each	Rs. 12.500 Millions
	Total		Rs. 415.986 Millions

As on: 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
120000000	Equity Shares	Rs. 10/- each	Rs. 1200.000 Millions
26000000	Preference Shares	Rs. 10/- each	Rs. 260.000 Millions
	Total		Rs. 1460.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
39795893	Equity Shares	Rs. 10/- each	Rs. 397.959 Millions
1250000	Preference Shares	Rs. 10/- each	Rs. 12.500 Millions
	Total		Rs. 410.459 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		410.459	410.459	397.874
2] Share Application Money		67.425	0.000	1.702
3] Reserves & Surplus		1871.997	1871.997	1632.880
4] (Accumulated Losses)		(360.092)	(1017.998)	(1313.405)
NETWORTH		1989.789	1264.458	719.051
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		18204.369	10523.997	6656.812
TOTAL BORROWING		18204.369	10523.997	6656.812
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		20194.158	11788.455	7375.863
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		2505.466	1669.297	1438.111
Capital work-in-progress		562.796	217.420	362.742
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	14091.460	12629.698	7735.270
	Sundry Debtors	4332.589	1449.497	1748.430
	Cash & Bank Balances	2729.816	1825.819	1190.912
	Other Current Assets	0.000	83.539	0.000
	Loans & Advances	2508.522	1771.874	2011.474
Total Current Assets		23662.387	17760.427	12686.086
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	3606.221	4875.752	6138.279
	Other Current Liabilities	2788.451	2827.281	804.933
	Provisions	141.819	155.656	167.864
Total Current Liabilities		6536.491	7858.689	7111.076
Net Current Assets		17125.896	9901.738	5575.010
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		20194.158	11788.455	7375.863

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Turnover	64862.110	63958.270	61420.840
		Other Income	1790.910
		TOTAL (A)	66653.020	63958.270	61420.840
Less	EXPENSES
		TOTAL (B)	65089.450	63030.950	59467.660
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1563.570	927.320	1953.180
Less	FINANCIAL EXPENSES (D)		508.660	460.690	542.950
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1054.910	466.630	1410.230
Less/ Add	DEPRECIATION/ AMORTISATION (F)		254.080	197.390	301.830
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		800.830	269.240	1108.400
Less	TAX (H)		142.920	16.880	45.280
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		657.910	252.360	1063.120
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(1018.000)	(1313.410)	(2376.530)
Add	Transitional adjustment on adoption of AS 30 [net of provision for tax of Rs.8.810 millions in previous year]		0.000	43.050	0.000
	BALANCE CARRIED TO THE B/S		(360.090)	(1018.000)	(1313.410)
	EARNINGS IN FOREIGN CURRENCY
		FOB Value of Exports		13876.075	18220.584
		Agency Fees		164.247	172.488
		Other Income		54.788	94.405
	TOTAL EARNINGS		NA	14095.110	18487.477
	IMPORTS
		Raw Materials		16228.755	11482.930
		Stores & Spares		13.716	47.865
		Capital Goods		0.186	22.148
	TOTAL IMPORTS		NA	16242.657	11552.943
	Earnings/ (Loss) Per Share (Rs.)		16.53	6.34	26.72

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.99	0.39	1.73
Net Profit Margin (PBT/Sales)	(%)	1.23	NA	NA
Return on Total Assets (PBT/Total Assets}	(%)	3.06	1.39	7.85
Return on Investment (ROI) (PBT/Networth)		0.40	0.21	1.54
Debt Equity Ratio (Total Debt/Networth)		9.15	8.32	9.26
Current Ratio (Current Asset/Current Liability)		3.62	2.26	1.78

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	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	----------------------
14]	Estimation for coming financial year	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	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	Yes

NOTE: The Registered office of the company has been shifted from 13, Abdul Fazal Road, New Delhi – 110001, India to the present address w.e.f. 09.08.2007

UNSECURED LOANS:

Particulars	31.03.2011 (Rs. In Millions)	31.03.2010 (Rs. In Millions)
Rupee term loans banks unsecured	1900.000	2000.000
Rupee term loans others unsecured	2522.693	1361.161
Foreign currency loans banks unsecured	13677.181	7046.084
Foreign currency loans others unsecured	5.137	4.602
Other debt unsecured	99.358	112.150
Total	18204.369	10523.997

BACKGROUND AND NATURE OF BUSINESS

Subject is a subsidiary of Cargill Mauritius Limited (CML), Mauritius.

The Company is primarily engaged in the business of:

· Agricultural Supply Chain Business which primarily comprises of trading in wheat, grains, oilseeds, sugar and cotton.

· Cargill Food Ingredients and Systems which primarily comprises of edible Oils and other related products such as refining of edible oils and trading of edible oil and manufacture and trading of artificial flavors and emulsions;

· Merchanting Trades primarily in respect of soya meal, corn and other commodities.

· Manufacturing and trading of animal feed and nutrition.

PERFORMANCE FOR THE YEAR:

The company is that it has achieved a turnover of Rs.64862.110 millions (net of excise duty) during the financial year 2010-11, showing a growth of 4.65% over previous year. It has also reported a net profit of Rs.800.830 millions (before tax) during the current year with a growth of 197% over the profits of previous year.

CONTINGENT LIABILITIES:

Particulars	31.03.2011 (Rs. In Millions)	31.03.2010 (Rs. In Millions)
Claims against the Company not acknowledged as debts
· Others	2.471	2.471
· Sales tax matters (liability on account of non submission of statutory declaration forms and others)	208.138	192.646
· Income Tax Act, 1961	1832.932	1795.417
· Custom duty # #	120.942	120.942
· Excise duty###	28.373	28.373
Total	2192.856	2139.849

# # This represents order passed by the Deputy Commissioner of Customs and Central Excise, Nellore dated 7 October 2009 assessing the Bill of Entry no. 23/09-10 dated 10 June 2009 as bill of entry for home consumption and determining a liability of Rs.120.942 Millions as payable by the company in respect of 10,000 MT raw sugar imported at Krishnapatanam port. Currently, the company has filed appeal against this order to the relevant authorities.

### Pertains to excise duty credit availed at Kurkumbh plant on imported material, on which import duty has been paid using DEPB license amounting to Rs. 28.373 Millions (previous year Rs. 28.373 Millions).

INDEX OF CHARGES

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address
1	90262634	10/03/2005	550,000.00	H.D.F.C. BANK LTD.	SENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, Maharashtra - 400013, INDIA
2	90262618	24/02/2005	20,000,000.00	STATE BANK OF INDIA	SAIFABAD S.I.B. BRANCH, HYDERABAD, Andhra Pradesh - 500004, INDIA
3	80041726	10/01/2005	400,000,000.00	UTI BANK LTD	DLF GALLERIA SHOPPING, GURGOAN, - 122002, ALAND ISLANDS
4	90262418	09/02/2004	4,500,000.00	STATE BANK OF INDIA	SAIFABAD S.I.B. BRANCH, HYDERABAD, Andhra Pradesh - 500004, INDIA
5	90262212	18/04/2005 *	11,500,000.00	STATE BANK OF INDIA	SAIFABAD S.I.B. BRANCH, HYDERABAD, Andhra Pradesh - 500004, INDIA
6	90262207	20/10/2002	11,500,000.00	STATE BANK OF INDIA	SAIFABAD BRANCH, HYDERABAD, Andhra Pradesh - 500004, INDIA
7	90261983	28/11/2000	2,276,000.00	AP INDUSTRIAL DEVELOPMENT CORPORATION	5 - 9 - 58/B; FATEH MAIDAN ROAD, HYDERABAD, Andhra Pradesh - 500004, INDIA
8	90261903	30/06/2001 *	1,700,000.00	STATE BANK OF INDIA	KHAIRTABAD BRANCH, HYDERABAD, Andhra Pradesh - 500004, INDIA

* Date of charge modification

FIXED ASSETS:

· Land

· Building

· Plant machinery

· Office equipments

· Computer equipments

· Furniture fixtures

· Vehicles

· Leasehold improvements

· Knowhow

· Patents trademarks design

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.62.78
UK Pound	1	Rs.101.42
Euro	1	Rs.84.67

INFORMATION DETAILS

Information Gathered by :	PDT
Report Prepared by :	RAJ

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	8
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	7
--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
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		62

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.