MIRA INFORM REPORT

Report Date :

19.04.2014

IDENTIFICATION DETAILS

Name :	B.P.PODDAR HOSPITAL AND MEDICAL RESEARCH LIMITED (w.e.f. 02.01.2003)
Formerly Known as :	FASHION FABRIC INDIA PRIVATE LIMITED (w.e.f. 30.03.2002) A AND E AMANN INDIA PRIVATE LIMITED
Registered Office :	Poddar Court,18, Rabindra Sarani,  9th Floor, Kolkata – 700001, West Bengal
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	21.10.1997
Com. Reg. No.:	21-085743
Capital Investment / Paid-up Capital :	Rs.376.397 Millions
CIN No.: [Company Identification No.]	U51909WB1997PLC085743
TAN No.: [Tax Deduction & Collection Account No.]	CALB04897E
PAN No.: [Permanent Account No.]	AACCB1618G
Legal Form :	Private Limited Liability Company
Line of Business :	To carry on the business of design, construction and running of all kind of hospitals, dispensaries, clinics and health clubs.
No. of Employees :	Information denied by management

RATING & COMMENTS

MIRA’s Rating :

B (27)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 1700000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The company has incurred a loss from its operation during 2013. However, trade relations are reported to be fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for business dealing with some cautions.

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, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
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

US investment bank Goldman Sachs  has upgraded its outlook on Indian markets as it expects positive impact of the election cycle.

India’s economy may grow 4.7 % in the current financial year, lower than the official estimate of 4.9 %, Fitch Rating said. The global rating agency expects the economy to pick up in the next two financial years.

Global ratings agency Standard & Poor said increasing focus by India Inc on lowering debt is likely to improve their credit profiles.

Singapore (1.1 million Indian tourists in 2012), Thailand (one million), the United Arab Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred holidays hotspots for Indians. The total figure is expected to increase to 1.93 million by 2017, according to the latest Eurmonitor international report.

There is a $29.34 bn outward foreign direct investment by domestic companies between April and January of 2013/14 which has seen some signs of recovery according to a Care Ratings report.

There are 264 number of new companies being set up every day on average during 2014. Most of them are registered in Mumbai. India had 1.38 million registered companies at the end of January, 2014.

Twitter like messaging service Weibo Corporation has filed to raise $ 500 million via a US initial public offering. Alibaba, which owns a stake in Weibo is expected to raise about $ 15 billion New York this year in the highest profile Internet IPO since Facebook’s in 2012.

Bharti Airtel has raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at a coupon rate of three per cent and maturing in 2020. This is the largest ever bond offering by an Indian company in Swiss Francs. Bharat Petroleum Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98 % coupon rate in February.

Indian Oil Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex at its almost complete Paradip refinery in Odhisha in three to four years. The company board is set to consider the setting up of a 700000 tonne per annum polypropylene plant at an estimated cost at Rs.3150 crore.

Global chief information officers at gathering in Bangalore in April to meet Indian startups at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in the making.

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 DENIED BY

Name :	Mr. Sumit Vishwas
Designation :	Finance Head
Contact No.:	91-33-24458901
Date :	17.04.2014

LOCATIONS

Registered Office :	Poddar Court,18, Rabindra Sarani,  9th Floor, Kolkata – 700001, West Bengal, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	pplgroup@cal.vsnl.net.in contact@bppoddarhospital.net
Website :	http://www.bppoddarhospital.net

DIRECTORS

As on 30.09.2013

Name :

Mr. Devashish Poddar

Designation :

Director

Address :

21, Gurusaday Road, Kolkata – 700019, West Bengal, India

Date of Birth/Age :

12.06.1979

Date of Appointment :

01.02.2009

PAN No.:

AKEPP1176A

DIN No.:

01586934

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	U70200WB1991PTC050792	B P MEDICAL RESEARCH & HEALTHCARE CENTRE PRIVATE LIMITED	Director	30/08/2001	30/08/2001	-	Active	NO
2	U70101WB1938PLC009222	BASU PROPERTIES LIMITED	Director	15/02/2002	15/02/2002	15/09/2007	Active	NO
3	U17115WB1998PLC086806	B P KNITPRO (INDIA) LIMITED	Director	25/02/2002	25/02/2002	-	Active	NO
4	U65922WB1987PLC042560	HOPE HOUSING DEVELOPMENT CORPORATION LIMITED	Director	20/03/2002	20/03/2002	-	Active	NO
5	U51909WB1963PLC025750	PODDAR PROJECTS LIMITED	Director	16/08/2002	16/08/2002	30/06/2007	Active	NO
6	U51909WB1997PLC085743	B.P.PODDAR HOSPITAL AND MEDICAL RESEARCH LIMITED	Managing director	01/02/2009	01/02/2004	-	Active	NO
7	U15118WB1970PTC027754	TIVOLI PARK APARTMENTS PRIVATE LIMITED	Director	01/06/2005	01/06/2005	-	Active	NO
8	U27102WB2003PTC096689	BALAJI METAL & SPONGE PRIVATE LIMITED	Director	29/09/2007	29/09/2007	17/07/2008	Active	NO
9	U24232WB2011PLC165248	PYRA PHARMACEUTICAL LIMITED	Director	23/07/2011	23/07/2011	-	Active	NO
10	U51909WB1997PTC083617	PRAGATI COMMOTRADE PRIVATE LIMITED	Director	01/01/2014	01/01/2014	-	Active	NO
11	U18101WB1995PLC073582	EASTERN SPINNERS LIMITED	Director	30/01/2014	30/01/2014	-	Active	NO
12	U70101WB1978PTC031697	BHAVNANI DEVELOPERS PRIVATE LIMITED	Director	15/02/2014	15/02/2014	-	Active	NO

Name :

Mr. Raj Mohan Choubey

Designation :

Director

Address :

218, Lansdown Place, 4^th Floor, Kolkata – 700019, West Bengal, India

Date of Birth/Age :

17.12.1942

Date of Appointment :

05.01.2004

DIN No.:

00031305

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	L65993WB1970PLC027781	UNITED CREDIT LIMITED	Director	25/01/2003	25/01/2003	-	Active	NO
2	U51909WB1963PLC025750	PODDAR PROJECTS LIMITED	Director	10/03/2003	10/03/2003	-	Active	NO
3	L13100WB1978PLC031670	CHANDI STEEL INDUSTRIES LIMITED	Director	07/08/2003	07/08/2003	26/06/2008	Active	NO
4	U51909WB1997PLC085743	B.P.PODDAR HOSPITAL AND MEDICAL RESEARCH LIMITED	Director	05/01/2004	05/01/2004	-	Active	NO
5	L27106WB1966PLC101410	GONTERMANN - PEIPERS (INDIA) LIMITED	Director	28/01/2005	28/01/2005	15/01/2009	Active	NO
6	U27102WB2003PTC096689	BALAJI METAL & SPONGE PRIVATE LIMITED	Director	01/03/2005	01/03/2005	30/06/2007	Active	NO
7	U36999WB2004PLC098996	UNITED NANOTECHNOLOGIES LIMITED	Director	17/07/2008	23/06/2007	23/07/2009	Active	NO
8	U70102WB2004PLC099019	UNITED CREDIT AND DEVELOPMENT CO LIMITED	Director	21/06/2008	20/08/2007	-	Active	NO
9	U92130WB2007PTC119885	HERITAGE TELEVENTURE AND MEDIA PRIVATE LIMITED	Director	18/10/2007	18/10/2007	30/01/2014	Active	NO
10	U73100WB2007PTC117927	CERES BEEJA RESEARCH PRIVATE LIMITED	Director	29/09/2012	22/12/2011	15/01/2014	Active	NO
11	L36911WB2002PLC095086	SHREE GANESH JEWELLERY HOUSE (I) LIMITED	Additional director	27/11/2013	27/11/2013	-	Active	NO

Name :

Mr. Sharadwat Mukhopadhyay

Designation :

Director

Address :

AD-134, Sector 1, Salt Lake City, Kolkata – 700064, West Bengal, India

Date of Birth/Age :

28.12.1969

Date of Appointment :

21.01.2012

DIN No.:

05178630

Name :

Mrs. Chanchal Goswami

Designation :

Director

Address :

Identity Flat No. 7D, 38, Gariahat Road, South Kolkata, Kolkata – 700031, West Bengal , India

Date of Birth/Age :

01.09.1963

Date of Appointment :

01.11.2004

DIN No.:

02214910

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	U51909WB1997PLC085743	B.P.PODDAR HOSPITAL AND MEDICAL RESEARCH LIMITED	Director	01/11/2004	01/11/2004	-	Active	NO
2	U72200WB2011PLC165294	UNIFIED SOLUTIONS LIMITED	Director	25/07/2011	25/07/2011	-	Active	NO
3	U24100WB2011PTC165415	ATLANTA BIOLOGICAL PRIVATE LIMITED	Director	26/07/2011	26/07/2011	-	Active	NO
4	U92419WB2011NPL169431	CALCUTTA INTERNATIONAL CLUB	Director	31/03/2013	31/03/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mrs. Sharmila Ghosh
Designation :	Secretary
Address :	16 B, Seal Lane, Kolkata – 700015, West Bengal, India
Date of Birth/Age :	08.07.1984
Date of Appointment :	01.06.2012
PAN No.:	APGPG1814B

MAJOR SHAREHOLDERS

As on 30.09.2013

SHAREHOLDING DETAILS FILE ATTACHED

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2013

Category	Percentage
Bodies corporate	18.77
Directors or relatives of Directors	76.07
Other top fifty shareholders	5.16
Total	100.00

BUSINESS DETAILS

Line of Business :

To carry on the business of design, construction and running of all kind of hospitals, dispensaries, clinics and health clubs.

Products :

Products Description	ITC Code
Health care service	99931190

GENERAL INFORMATION

No. of Employees :

Information denied by management

Bankers :

· Karnataka Bank Limited, Park Street Branch, 1, Sarojini Naidu Sarani, Kolkata - 700017, West Bengal, India

· State Bank of India, Commercial Branch, Alipore, 24/1/1, Alipore Road, Kolkata - 700027, West Bengal, India

· UCO Bank, MCU, Kolkata Main Branch, 10, B. T. M. Sarani (Brabourne Road), Kolkata - 700001, West Bengal, India

Facilities :

SECURED LOANS	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Long Term Borrowings
Rupee term loans from banks	41.672	52.852
Rupee term loans from others	2.462	6.043
Working capital loans from banks	1.091	1.580
Short Term Borrowings
Working capital loans from banks	17.941	19.157
Total	63.166	79.632

Banking Relations :	--
Financial Institutions :	India Infoline Finance Limited, 12A-10, 13th Floor, Parinee Crescenzo, G Block, C-38 and 39, Bandra Kurla Complex, Bandra- East, Mumbai - 400051, Maharashtra, India
Auditors :
Name :	Kapoor Mehrotra and Associates Chartered Accountants
Address :	23, Ganesh Chandra Avenue, 3rd Floor, Kolkata – 700013, West Bengal, India
PAN No.:	AAFFK2315M
Associates :	· B P Medical Research and Healthcare Centre Private Limited CIN No.: U70200WB1991PTC050792 · Heritage Televenture and Media Private limited CIN No.: U92130WB2007PTC119885 · Hope Housing Development Corporation Limited CIN No.: U65922WB1987PLC042560 · Tivoli Park Apartments Private Limited CIN No.: U15118WB1970PTC027754

CAPITAL STRUCTURE

As on 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
32000000	Equity Shares	Rs.10/- each	Rs.320.000 Millions
14000000	Preference Shares	Rs.10/- each	Rs.140.000 Millions
	Total		Rs.460.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
27959692	Equity Shares	Rs.10/- each	Rs.279.597 Millions
10000000	Preference Shares	Rs.10/- each	Rs.100.000 Millions
	Total		Rs.379.597 Millions

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
32000000	Equity Shares	Rs.10/- each	Rs.320.000 Millions
14000000	Preference Shares	Rs.10/- each	Rs.140.000 Millions
	Total		Rs.460.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
27639692	Equity Shares	Rs.10/- each	Rs.276.397 Millions
10000000	Preference Shares	Rs.10/- each	Rs.100.000 Millions
	Total		Rs.376.397 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	376.397	376.397	376.397
(b) Reserves & Surplus	34.650	54.848	55.045
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	3.200	3.200	0.000
Total Shareholders’ Funds (1) + (2)	414.247	434.445	431.442
(3) Non-Current Liabilities
(a) long-term borrowings	45.225	60.475	116.367
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	4.737	3.443	3.057
Total Non-current Liabilities (3)	49.962	63.918	119.424
(4) Current Liabilities
(a) Short term borrowings	115.722	87.179	66.782
(b) Trade payables	101.451	57.802	57.466
(c) Other current liabilities	99.956	109.105	92.365
(d) Short-term provisions	5.368	5.510	3.445
Total Current Liabilities (4)	322.497	259.596	220.058
TOTAL	786.706	757.959	770.924
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	183.491	192.580	206.642
(ii) Intangible Assets	12.248	21.129	28.396
(iii) Capital work-in-progress	206.192	146.991	135.708
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	6.745	0.864	0.864
(c) Deferred tax assets (net)	2.956	1.995	0.419
(d) Long-term Loan and Advances	10.446	11.643	6.569
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	422.078	375.202	378.598
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	222.754	251.862	295.284
(c) Trade receivables	59.774	62.823	58.298
(d) Cash and cash equivalents	3.918	3.416	2.293
(e) Short-term loans and advances	78.182	64.656	36.451
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	364.628	382.757	392.326
TOTAL	786.706	757.959	770.924

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2013	31.03.2012	31.03.2011
	SALES
		Income		379.779	408.985	306.400
		Other Income		3.810	1.539	1.469
		TOTAL (A)		383.589	410.524	307.869
Less	EXPENSES
		Cost of Materials Consumed		94.800	85.462	79.911
		Changes in Inventories of finished goods, work-in-progress and stock-in-trade		27.163	49.075	1.136
		Employee Benefits Expenses		79.551	65.765	57.791
		Other Expenses		157.786	157.948	112.024
		Prior Period Items		0.348	0.000	0.000
		TOTAL (B)		359.648	358.250	250.862
Less	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			23.941	52.274	57.007
Less	FINANCIAL EXPENSES (D)			17.444	20.460	21.749
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			6.497	31.814	35.258
Less	DEPRECIATION/ AMORTISATION (F)			27.656	31.343	33.511
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)			(21.159)	0.471	1.747
Less	TAX (H)			(0.961)	0.668	(0.289)
	PROFIT/(LOSS) AFTER TAX (G-H) (I)			(20.198)	(0.197)	2.036
	IMPORTS
			Capital Goods	4.000	0.527	0.000
	TOTAL IMPORTS			4.000	0.527	0.000
	Earnings Per Share (Rs.)			(1.07)	(0.35)	(0.26)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	(5.27)	(0.05)	0.66
Net Profit Margin (PBT/Sales)	(%)	(5.57)	0.12	0.57
Return on Total Assets (PBT/Total Assets}	(%)	(3.71)	0.08	0.28
Return on Investment (ROI) (PBT/Networth)		(0.05)	0.00	0.00
Debt Equity Ratio (Total Debt /Networth)		0.39	0.34	0.42
Current Ratio (Current Asset/Current Liability)		1.13	1.47	1.78

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	Rs. In Millions	Rs. In Millions	Rs. In Millions
Share Capital	376.397	376.397	376.397
Reserves & Surplus	55.045	54.848	34.650
Share Application money pending allotment	0.000	3.200	3.200
Net worth	431.442	434.445	414.247
long-term borrowings	116.367	60.475	45.225
Short term borrowings	66.782	87.179	115.722
Total borrowings	183.149	147.654	160.947
Debt/Equity ratio	0.425	0.340	0.389

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	Rs. In Millions	Rs. In Millions	Rs. In Millions
Sales	306.400	408.985	379.779
		33.481	-7.141

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	Rs. In Millions	Rs. In Millions	Rs. In Millions
Sales	306.400	408.985	379.779
Profit	2.036	(0.197)	(20.198)
	0.66%	(0.05%)	(5.32%)

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	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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

UNSECURED LOANS:

Particulars	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Short Term Borrowings
Working capital loans from banks	6.275	7.726
Loans repayable on demand	37.801	10.616
Loans and advances from directors	34.570	31.979
Loans and advances from related parties	19.135	17.701
Total	97.781	68.022

FINANCIAL PERFORMANCE

Total revenues of the Company for the year is Rs.356.426 Millions against the last years Rs.361.449 Millions.

OPERATIONAL PERFORMANCE

Although the performance of the Hospital division improved during the year, there was a lull in the sale of Real-Estate products and therefore there were no satisfactory increase in the revenue and profit.

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10433463	21/06/2013	25,680,000.00	India Infoline Finance Limited	12A-10, 13th Floor, Parinee Crescenzo, G Block, C-38 and 39, Bandra Kurla Complex, Bandra- East, Mumbai, Maharashtra - 400051, India	B78089323
2	10374320	03/09/2012	489,000,000.00	UCO BANK	MCU, Kolkata Main Branch, 10, B. T. M. Sarani (Brabourne Road), Kolkata, West Bengal - 700001, India	B57182479
3	10170532	27/06/2009	2,500,000.00	ORIENTAL BANK OF COMMERCE	New Alipore Branch, 93, Tollygunge Circular Road, Kolkata, West Bengal - 700053, India	A67622316
4	10081757	20/12/2007	7,000,000.00	Axis Bank Limited	60, Bankim Mukherjee Sarani, New Alipore, Kolkata, West Bengal - 700053, India	A29764610
5	10088987	05/12/2007	12,000,000.00	GE CAPITAL SERVICES INDIA	AIFCS Building, Ist Floor, 1,Rafi Marg, New Delhi, Delhi - 110001, India	A32755761
6	10064709	11/07/2007	6,856,500.00	GE CAPITAL SERVICES INDIA	AIFCS Building, Ist Floor, 1,Rafi Marg, New Delhi, Delhi - 110001, India	A21645197
7	10061218	10/07/2007	84,000,000.00	STATE BANK OF INDIA	Commercial Branch, Alipore, 24/1/1, Alipore Road, Kolkata, West Bengal - 700027, India	A19772805
8	10063171	05/09/2012 *	489,000,000.00	STATE BANK OF INDIA	Commercial Branch, Alipore, 24/1/1, Alipore Road, Kolkata, West Bengal - 700027, India	B58141136
9	80059966	07/08/2012 *	325,000,000.00	UCO BANK	MCU, Kolkata Main Branch, 10, B. T. M. Sarani (Brabourne Road), Kolkata, West Bengal - 700001, India	B57182396

*Date of modification Charges

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Computer

· Vehicles

· Furniture and Fixture

CMT 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.60.38
UK Pound	1	Rs.101.63
Euro	1	Rs.83.50

INFORMATION DETAILS

Information Gathered by :	HTL
Analysis Done by :	RAS
Report Prepared by :	VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	2
--CREDIT LINES	1~10	3
--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		27

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.