MIRA INFORM REPORT

Report Date :

15.10.2013

IDENTIFICATION DETAILS

Name :	THE TORONTO-DOMINION BANK

Registered Office :	TD Bank Tower, 66 Wellington Street W., 12^th floor, Toronto, Ontario M5K 1A2

Country :	Canada

Financials (as on) :	31.10.2012 (Consolidated)

Date of Incorporation :	18.03.1855

Legal Form :	Bank

Line of Business :	Subject provides Canadian Personal and Commercial Banking, U.S. Personal and Commercial Banking, Wealth Management, Insurance and Wholesale Banking.

No. of Employees :	79,000+

RATING & COMMENTS

MIRA’s Rating :

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

Status :	Good

Payment Behaviour :	Regular

Litigation :	Clear

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)

Canada

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

Canada ECONOMIC OVERVIEW

As an affluent, high-tech industrial society in the trillion-dollar class, Canada resembles the US in its market-oriented economic system, pattern of production, and affluent living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. The 1989 US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in trade and economic integration with the US its principal trading partner. Canada enjoys a substantial trade surplus with the US, which absorbs about three-fourths of Canadian exports each year. Canada is the US's largest foreign supplier of energy, including oil, gas, uranium, and electric power. Given its great natural resources, highly skilled labor force, and modern capital plant, Canada enjoyed solid economic growth from 1993 through 2007. Buffeted by the global economic crisis, the economy dropped into a sharp recession in the final months of 2008, and Ottawa posted its first fiscal deficit in 2009 after 12 years of surplus. Canada's major banks, however, emerged from the financial crisis of 2008-09 among the strongest in the world, owing to the financial sector''s tradition of conservative lending practices and strong capitalization. Canada achieved marginal growth in 2010-12 and plans to balance the budget by 2015. In addition, the country''s petroleum sector is rapidly becoming an even larger economic driver with Alberta''s oil sands significantly boosting Canada''s proven oil reserves, ranking the country third in the world behind Saudi Arabia and Venezuela.

Source : CIA

Your order on: TD COMMERCIAL BANKING

Company name & address

The corporate name is:

Company name: THE TORONTO-DOMINION BANK (in English)

LA BANQUE TORONTO-DOMINION (in French)

Address: TD Bank Tower, 66 Wellington Street W., 12^th floor

Toronto, Ontario M5K 1A2 – Canada

Telephone: +1 416-362-1812

Fax: +1 416-308-1943

Website: www.tdbank.com

www.tdcommercialbanking.com

company summary

Corporate ID#: ON-001223766

Province: Ontario

Bank ID#: 004

Judicial form: Bank

Date incorporated: 03-18-1855

Stock: 917,603,803 shares issued and outstanding

Market capitalization: CAD 84,887,527,816=

Name of manager: Edmund W. CLARK

ACTIVITIES & OPERATIONS

IST

Business:

Toronto-Dominion Bank and its subsidiaries provide Canadian Personal and Commercial Banking, U.S. Personal and Commercial Banking, Wealth Management, Insurance and Wholesale Banking.

The bank is divided in 4 divisions:

Banking

- TD Bank

- TD Commercial Banking

- TD Auto Finance (Canada)

- TD Auto Finance (U.S.)

Wealth:

- TD Waterhouse

- TD Asset Management

- TD Wealth

- TD Ameritrade

- TD Direct Investing

Insurance

- TD Insurance (Canada)

Securities

- TD Securities

Staff: 79,000+

Operations & branches:

At the headquarters, we find the corporate office.

The Company maintains several branches in Canada including the one located:

500 Rue St-Jacques

Montreal, Quebec H2Y 1S1

Ph: +1 514-289-1471

Fx: +1 514-289-1469

SHAREHOLDERS & MANAGERS

Shareholders:

1^st shareholder:

CDS & CO.

25 The Esplanade, Toronto, Ontario M5E 1W5 - Canada

2^nd shareholder:

CEDE & CO.

55 Water Street, New York, NY 10041 - USA

Management:

Edmund W. CLARK, President

Brian M. LEVITT, Chairman of the Board

Directors William E. BENNETT, John L. BRAGG, Harold H. MACKAY,

Hugh BOLTON, Edmund W. CLARK, Wendy K. DOBSON, Henry H. KETCHAM,

Wilbur PREZZANO, Irene L. MILLER, Nadir H. MOHAMED, Amy W. BRINKLEY,

Helen K. SINCLAIR, John M. THOMPSON, Brian M. LEVITT, Karen E. MAIDMENT,

and Colleen A. COGGINS.

Subsidiaries And partnership:

Several

FINANCIALS

On attachment:

- 10K 2011/2012 (fiscal year ending October)

- 3^rd 10Q 2013

LEGAL FILINGS

Legal filings & complaints:

As of today date, there is no legal filing pending with the Courts.

Secured debts summary: None

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.30
UK Pound	1	Rs.97.99
Euro	1	Rs.83.15

INFORMATION DETAILS

Report Prepared by :

MNL

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	--

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%)

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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.