MIRA INFORM REPORT

Report Date :

05.04.2014

IDENTIFICATION DETAILS

Name :	MAGNIFICO MINERALS PRIVATE LIMITED (w.e.f. 24.07.2013)
Formerly Known As :	MAGNIFICO TRADERS PRIVATE LIMITED
Registered Office :	75, Khirji Village, Malviya Nagar, New Delhi – 110017
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	16.12.2011
Com. Reg. No.:	55-228884
Capital Investment / Paid-up Capital :	Rs.107.997 Millions
CIN No.: [Company Identification No.]	U51909DL2011PTC228884
TAN No.: [Tax Deduction & Collection Account No.]	DELM21102E
PAN No.: [Permanent Account No.]	AAHCM6420G
Legal Form :	Private Limited Liability Company
Line of Business :	Trader of Coal.
No. of Employees :	50 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (44)

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

Maximum Credit Limit :	USD 4600000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. Mr. Ashish Agarwal, Finance manager has provided general information to us and claimed that company has started its business activities from April 2012. The company has achieved decent sales turnover from its operation during 2013 and liquidity position of the company seems to be fair. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. 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 – December 1, 2013

Country Name	Previous Rating (30.09.2013)	Current Rating (01.12.2013)
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

India’s current account deficit for the fiscal third quarter ended September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in exports and moderation in gold imports. Manufacturing activity and new orders in India showed their strongest growth in a year in February. The news comes as a relief after data showed Asia’s third largest economy grew by a slower-than-expected 4.7 % annually in the three months through December. The HSBC Manufacturing Purchasing Managers’ Index which gauges the business activity of India’s factories but not its’ utilities, rose to 52.5 in February, its highest in a year from 51.4 in January. Overall new orders for factory goods which rose to a one-year high of 54.9 contributed to the surge. China has emerged as India’s biggest trading partner in the current financial year replacing the United Arab Emirates and pushing it to the third spot. India-China trade has reached $49.5 billion with a 8.7 % share in India’s total trade. The US comes second at $46 billion with 8.1 % share during the first nine months of the current financial year.

The Reserve Bank of India has granted an additional nine months to the public to exchange currency notes printed before 2005 including Rs 500 and Rs 1,000 denominations, pushing the deadline to January 1, 2015. A day before dates for the Lok Sabha polls were announced, the government decided to hike interest rates on fixed deposit schemes offered by post offices up to 0.2 per cent. The new rates will be effective April, 1. The Supreme Court will resume hearing on March, 11 Nokia’s appeal against a ruling over transferring ownership of its local mobile phones plant which is the subject of a tax dispute to Microsoft Corp.

In the last days of the current Government, another scam has surfaced. The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The Central Bureau of Investigation will look into allegations that over $80 million was paid in kickbacks in a deal signed in 2011. India has asked Boeing Co. to find a solution for problems with state-owned Air India’s 787 Dreamliners. The aircraft has experienced a series of malfunctions since its debut in 2011.

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

Name :	Mr. Ashish Agarwal
Designation :	Finance Manager
Contact No.:	91-11-43122816
Date :	02.04.2014

LOCATIONS

Registered Office :	75, Khirji Village, Malviya Nagar, New Delhi – 110017, India
Tel. No.:	91-11-43122816
Mobile No.:	91-8800997955 (Mr. R. S. Agarwal)
Fax No.:	Not Available
E-Mail :	info@magnifico.cc
Website :	www.magnifico.cc
Corporate Office / Branch Office :	40/3, Okhla, Phase-2, New Delhi – 110020, India

DIRECTORS

AS ON 26.09.2013

Name :

Mr. Hardip Singh Mann

Designation :

Managing Director

Address :

F-108, Sector-56, Noida – 201301, Uttar Pradesh, India

Date of Birth/Age :

01.03.1952

Date of Appointment :

01.05.2012

DIN No.:

00104948

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	L51909DL1963GOI004033	MMTC LIMITED	Managing director	06/10/2010	03/04/2006	22/07/2011	Active	NO
2	U27109OR1982GOI001050	NEELACHAL ISPAT NIGAM LIMITED	Nominee director	25/09/2006	25/09/2006	22/07/2011	Active	NO
3	U63023DL2005PTC134299	FREE TRADE WAREHOUSING PRIVATE LIMITED	Additional director	23/12/2010	23/12/2010	22/07/2011	Active	NO
4	U63023DL2005PTC140106	GREATER NOIDA INTEGRATED WAREHOUSING PRIVATE LIMITED(100% F.SUB.CO)	Additional director	16/03/2011	16/03/2011	22/07/2011	Active	NO
5	U51909DL2008PTC177928	INCOMTRA - INTERNATIONAL COMMODITIES TRADERS PRIVATE LIMITED	Director	30/09/2011	18/08/2011	18/04/2013	Active	NO
6	L27106WB1987PLC042756	HIMADRI CHEMICALS & INDUSTRIES LIMITED	Director	29/09/2012	14/11/2011	-	Active	NO
7	U51909DL2011PTC228884	MAGNIFICO MINERALS PRIVATE LIMITED	Managing director	01/05/2012	21/03/2012	-	Active	NO
8	U13209DL2013PTC259061	MAGNIFICO RESOURCES PRIVATE LIMITED	Director	10/10/2013	10/10/2013	-	Active	NO

Name :

Mr. Naveen Agrawal

Designation :

Director

Address :

B-12B, First Floor, Kalkaji, New Delhi – 110019, India

Date of Birth/Age :

19.11.1978

Date of Appointment :

26.09.2013

DIN No.:

00113809

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	U51109DL1997PTC085138	WORLDS WINDOW IMPEX INDIA PRIVATE LIMITED	Director	09/12/2000	09/12/2000	-	Active	NO
2	U45200DL2007PTC158702	SHREE G DEVELOPERS PRIVATE LIMITED	Director	02/02/2007	02/02/2007	28/01/2009	Strike off	NO
3	U74996DL2006PTC149207	WORLDS WINDOW INFRASTRUCTURE AND LOGISTICS PVT LTD	Director	12/02/2007	12/02/2007	15/11/2010	Active	NO
4	U51101DL2007PTC163227	VEDANSH BUILDERS PRIVATE LIMITED	Director	10/05/2007	10/05/2007	18/10/2010	Active	NO
5	U51101DL2007PTC163357	WORLDS WINDOW WARDHA INFRASTRUCTURE PRIVATE LIMITED	Director	14/05/2007	14/05/2007	18/10/2010	Active	NO
6	U27203DL2007PTC169010	ALUBOND ACP MANUFACTURING INDIA PRIVATE LIMITED	Director	05/10/2007	05/10/2007	12/11/2010	Active	NO
7	U51909DL2004PTC126459	VASTUSTAR TRADING PRIVATE LIMITED	Additional director	15/12/2007	15/12/2007	18/03/2010	Active	NO
8	U65993DL2008PTC176131	WORLDS WINDOW HOLDING PRIVATE LIMITED	Director	31/03/2008	31/03/2008	-	Active	NO
9	U01403DL2008PTC177388	WORLDS WINDOW AGRO PRIVATE LIMITED	Director	29/04/2008	29/04/2008	18/10/2010	Active	NO
10	U45400DL2008PTC179698	WORLDS WINDOW URJA PRIVATE LIMITED	Director	18/06/2008	18/06/2008	15/02/2010	Active	NO
11	U51909DL2008PTC176155	WORLDS WINDOW TRADING PRIVATE LIMITED	Additional director	23/08/2010	23/08/2010	19/11/2010	Active	NO
12	U27203DL2007PTC169060	ALSTRONG ACP MANUFACTURING INDIA PRIVATE LIMITED	Director	23/08/2010	23/08/2010	-	Active	NO
13	U10100DL2011PTC213669	DHARITRIMAA URJA PRIVATE LIMITED	Director	10/02/2011	10/02/2011	04/06/2012	Active	NO
14	U10100DL2011PTC213722	VASUDHAMAA URJA PRIVATE LIMITED	Director	10/02/2011	10/02/2011	-	Active	NO
15	U63000DL2011PTC216566	KANDLA INFRADEVELOPERS PRIVATE LIMITED	Director	25/03/2011	25/03/2011	-	Active	NO
16	U28910DL2011PTC225135	ALSTRONG ENTERPRISES INDIA PRIVATE LIMITED	Director	16/09/2011	16/09/2011	-	Active	NO
17	U55101DL2011PTC225501	GRANDE CASTELLO PRIVATE LIMITED	Director	26/09/2011	26/09/2011	-	Active	NO
18	U51909DL2011PTC228884	MAGNIFICO MINERALS PRIVATE LIMITED	Director	26/09/2013	14/05/2012	-	Active	NO
19	U51909DL2012PTC239450	WORLDS WINDOW ECOTRADE PRIVATE LIMITED	Director	27/07/2012	27/07/2012	-	Active	NO
20	U51909DL2012PTC246056	ALSTRONG GYPSUM INDIA PRIVATE LIMITED	Director	12/12/2012	12/12/2012	-	Active	NO
21	U51909DL2013PTC249955	EcoFog Equipment Private Limited	Director	28/03/2013	28/03/2013	-	Active	NO

Name :

Mr. Anil Kumar Misra

Designation :

Director

Address :

H.No.227, PKT-C, SFS Flats, Sheikh Sarai Ph-I, New Delhi – 110017, India

Date of Birth/Age :

04.05.1972

Date of Appointment :

14.05.2012

DIN No.:

00113903

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	U63090DL2004PTC123819	MAPLE LOGISTICS PRIVATE LIMITED	Director	01/01/2004	01/01/2004	08/10/2007	Active	NO
2	U51909DL2006PTC145082	WORLDS WINDOW EXIM Private LIMITED	Director	19/01/2006	19/01/2006	05/10/2010	Active	NO
3	U45202DL1985PLC020056	MANGLAM APARTMENTS LTD	Director	16/05/2006	16/05/2006	23/08/2010	Active	NO
4	U70109DL2006PTC151350	WORLDS WINDOW DEVELOPERS PRIVATE LIMITED	Director	28/07/2006	28/07/2006	18/10/2010	Active	NO
5	U01403DL2008PTC177448	WORLDS WINDOW GREENFIELD PRIVATE LIMITED	Director	30/04/2008	30/04/2008	15/10/2010	Active	NO
6	U45400DL2008PTC179698	WORLDS WINDOW URJA PRIVATE LIMITED	Director	26/09/2013	18/06/2008	-	Active	NO
7	U45200DL2007PTC158702	SHREE G DEVELOPERS PRIVATE LIMITED	Director	29/01/2010	27/01/2009	-	Strike off	NO
8	U51909DL2004PTC126459	VASTUSTAR TRADING PRIVATE LIMITED	Additional director	18/03/2010	18/03/2010	23/08/2010	Active	NO
9	U51109DL1997PTC085138	WORLDS WINDOW IMPEX INDIA PRIVATE LIMITED	Director	15/03/2013	01/10/2010	-	Active	NO
10	U51101DL2007PTC163357	WORLDS WINDOW WARDHA INFRASTRUCTURE PRIVATE LIMITED	Director	25/09/2013	15/10/2010	-	Active	NO
11	U51909DL2008PTC176155	WORLDS WINDOW TRADING PRIVATE LIMITED	Director	19/11/2010	19/11/2010	-	Active	NO
12	U10100DL2011PTC213722	VASUDHAMAA URJA PRIVATE LIMITED	Director	10/02/2011	10/02/2011	-	Active	NO
13	U10100DL2011PTC213669	DHARITRIMAA URJA PRIVATE LIMITED	Director	10/02/2011	10/02/2011	-	Active	NO
14	U63000DL2011PTC216566	KANDLA INFRADEVELOPERS PRIVATE LIMITED	Director	25/03/2011	25/03/2011	-	Active	NO
15	U74996DL2006PTC149207	WORLDS WINDOW INFRASTRUCTURE AND LOGISTICS PVT LTD	Director	30/09/2013	06/06/2011	-	Active	NO
16	U55101DL2011PTC225501	GRANDE CASTELLO PRIVATE LIMITED	Director	26/09/2011	26/09/2011	-	Active	NO
17	U51909DL2011PTC228884	MAGNIFICO MINERALS PRIVATE LIMITED	Director	26/09/2013	14/05/2012	-	Active	NO
18	U51909DL2012PTC239450	WORLDS WINDOW ECOTRADE PRIVATE LIMITED	Director	27/07/2012	27/07/2012	-	Active	NO
19	U45400DL2013PTC259376	LADRILLO INFRASTRUCTURE PRIVATE LIMITED	Director	21/10/2013	21/10/2013	-	Active	NO

Name :

Mr. Sunil Kumar Maheshwari

Designation :

Director

Address :

I-1612 C. R. Park, New Delhi – 110019, India

Date of Birth/Age :

10.08.1964

Date of Appointment :

26.09.2013

DIN No.:

02317160

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	U74140DL2008PTC181301	WONE MANAGEMENT SYSTEMS PRIVATE LIMITED	Director	19/08/2010	25/08/2008	-	Active	NO
2	U80300DL2012PTC231920	MANAGEMENT EDUCATION FORUM PRIVATE LIMITED	Director	23/02/2012	23/02/2012	-	Active	NO
3	U51909DL2011PTC228884	MAGNIFICO MINERALS PRIVATE LIMITED	Director	26/09/2013	21/05/2012	-	Active	NO
4	U51109DL1997PTC085138	WORLDS WINDOW IMPEX INDIA PRIVATE LIMITED	Director	30/09/2013	23/05/2012	-	Active	NO
5	U67200MP1999PLC013660	NATIONAL BOARD OF TRADE LIMITED	Nominee director	04/12/2012	04/12/2012	27/04/2013	Active	NO
6	U28910DL2011PTC225135	ALSTRONG ENTERPRISES INDIA PRIVATE LIMITED	Director	30/09/2013	01/03/2013	-	Active	NO
7	U72300DL2013PTC254383	UMBRELLA PROTECTION SYSTEMS PRIVATE LIMITED	Director	26/06/2013	26/06/2013	-	Active	NO

Name :

Mr. Rajendra Kumar Jagnani

Designation :

Director

Address :

Eldeco Apartments, Flat-A 803, Sector 4, Vaishali, Ghaziabad – 201010, Uttar Pradesh, India

Date of Birth/Age :

23.12.1966

Date of Appointment :

26.09.2013

DIN No.:

02551295

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	U64201MH2001PLC221541	ESSEL BUSINESS PROCESSES LIMITED	Director	15/12/2010	22/10/2009	-	Amalgamated	NO
2	U74899DL2000PLC106552	AGRANI CONVERGENCE LIMITED	Director	30/09/2010	05/11/2009	01/03/2014	Active	NO
3	U64201DL2000PLC106553	AGRANI SATELLITE SERVICES LIMITED	Director	15/12/2010	01/12/2009	-	Amalgamated	NO
4	U63022DL1978PLC009193	RAMA ASSOCIATES LIMITED	Director	30/09/2011	15/12/2010	25/09/2012	Active	NO
5	U51109DL1997PTC085138	WORLDS WINDOW IMPEX INDIA PRIVATE LIMITED	Additional director	01/04/2013	01/04/2013	26/09/2013	Active	NO
6	U51909DL2012PTC239450	WORLDS WINDOW ECOTRADE PRIVATE LIMITED	Director	16/12/2013	01/04/2013	-	Active	NO
7	U51909DL2011PTC228884	MAGNIFICO MINERALS PRIVATE LIMITED	Director	26/09/2013	08/08/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Ashish Agarwal
Designation :	Finance Manager

MAJOR SHAREHOLDERS

AS ON 26.09.2013

Names of Shareholders	No. of Shares	% of Holding
Dharimaa Urja Private Limited, India	11994900	99.96
Worlds Window Impex India Private Limited, India	5100	0.04
Total	12000000	100.00

Equity Share Break up (Percentage of Total Equity)

AS ON 26.09.2013

Category	Percentage
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader of Coal.
Exports :
Products :	Coal
Countries :	Singapore
Imports :
Products :	Coal
Countries :	· Indonesia · South Africa
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Suppliers :

Peabody Energy

Customers :

Adani Power Limited

No. of Employees :

50 (Approximately)

Bankers :

· Canara Bank, Okhla Industrial Estate, New Delhi – 110020, Delhi, India

· Dena Bank, Aggarwal Bhawan 35-36, Neheru Place, New Delhi – 110019, India

· State Bank of Patiala, Commercial Branch, Chandralok Building, 36, Janpath, New Delhi – 110001, India

· Union Bank of India, SME Okhla Branch, 173-174, DSIDC Sheds, Okhla Industrial Area, Phase-1, New Delhi – 110020, India

· Andhra Bank, Delhi, India

· Bank of India

Facilities :

SECURED LOANS	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Short Term Borrowings
Loans repayable on demand from Banks	100.203	0.000
Total	100.203	0.000

Banking Relations :	--
Auditors :
Name :	Saurabh Satish Gupta and Associates Chartered Accountants
Address :	B-53, Rajan Babu Road, Asarsh Nagar, New Delhi – 110033, India
PAN No.:	AGVPG2631E
Holding Company :	Dharitrimaa Urja Private Limited
Sister Concern :	Worlds Window Group

CAPITAL STRUCTURE

AS ON 26.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
12000000	Equity Shares	Rs.10/- each	Rs.120.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
12000000	Equity Shares	Rs.10/- each	Rs.120.000 Millions

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
12000000	Equity Shares	Rs.10/- each	Rs.120.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10799700	Equity Shares	Rs.10/- each	Rs.107.997 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	107.997	0.100
(b) Reserves & Surplus	1064.499	(0.054)
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.100
Total Shareholders’ Funds (1) + (2)	1172.496	0.146
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000
(b) Deferred tax liabilities (Net)	0.626	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.247	0.000
Total Non-current Liabilities (3)	0.873	0.000
(4) Current Liabilities
(a) Short term borrowings	100.203	0.000
(b) Trade payables	2975.370	0.016
(c) Other current liabilities	11.917	0.000
(d) Short-term provisions	51.507	0.000
Total Current Liabilities (4)	3138.997	0.016
TOTAL	4312.366	0.162
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.620	0.000
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	3.503	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	4.123	0.000
(2) Current assets
(a) Current investments	0.001	0.000
(b) Inventories	451.375	0.000
(c) Trade receivables	3149.459	0.000
(d) Cash and cash equivalents	678.182	0.151
(e) Short-term loans and advances	0.567	0.000
(f) Other current assets	28.659	0.011
Total Current Assets	4308.243	0.162
TOTAL	4312.366	0.162

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012
	SALES
		Income	6916.253	0.001
		Other Income	16.073	0.000
		TOTAL	6932.326	0.001
Less	EXPENSES
		Purchase of Stock-in-trade		0.001
		Other Expenses		0.054
		TOTAL	6786.721	0.055
	PROFIT/(LOSS) BEFORE TAX		145.605	(0.054)
Less	TAX		52.126	0.000
	PROFIT/(LOSS) AFTER TAX		93.479	(0.054)
	Earnings Per Share (Rs.)		8.66	(5.37)

Expected Sales (2013-2014): Rs.16000.000 Millions

The above information has been parted by Mr. Ashish Agarwal (Finance Manager)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012
PAT / Total Income	(%)	1.35	(5400.00)
Net Profit Margin (PBT/Sales)	(%)	2.11	(5400.00)
Return on Total Assets (PBT/Total Assets}	(%)	3.38	(33.33)
Return on Investment (ROI) (PBT/Networth)		0.12	(0.37)
Debt Equity Ratio (Total Debt /Networth)		0.09	0.00
Current Ratio (Current Asset/Current Liability)		1.37	10.13

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013
	Rs. In Millions	Rs. In Millions
Share Capital	0.100	107.997
Reserves & Surplus	(0.054)	1064.499
Share Application money pending allotment	0.100	0.000
Net worth	0.146	1172.496
long-term borrowings	0.000	0.000
Short term borrowings	0.000	100.203
Total borrowings	0.000	100.203
Debt/Equity ratio	0.000	0.085

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013
	Rs. In Millions	Rs. In Millions
Sales	0.001	6916.253
		691625200.000

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013
	Rs. In Millions	Rs. In Millions
Sales	0.001	6916.253
Profit	(0.054)	93.479
	(5400.00%)	1.35%

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 two years	Yes
13]	Reasons for variation <> 20%	-----------
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
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

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10437645	25/06/2013	4,780,000,000.00	BANK OF INDIA (LEAD BANK)	PARLIAMENT STREET BRANCH, PTI BUILDING, 4, SANSAD MARG, NEW DELHI, DELHI - 110001, INDIA	B79962080

FIXED ASSETS:

· Plant and Machinery

· Furniture and Fixture

· Vehicles

· Office Equipment

· Computer

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.60.32
UK Pound	1	Rs.100.04
Euro	1	Rs.82.65

INFORMATION DETAILS

Information Gathered by :	HTL
Analysis Done by :	KRN
Report Prepared by :	NKT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--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		44

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.