1. Summary Information

		Country	India
Company Name	JALARAM POLYMERS PRIVATE LIMITED	Principal Name 1	Mr. Ashok Devichand Jain
Status	Moderate	Principal Name 2	Mr. Satish Devichand Shah
		Registration #	11-078080
Street Address	10 Deven Industrial Estate, I.B Patel, Road, Goregaon (East), Mumbai - 400063, Maharashtra, India
Established Date	29.04.1994	SIC Code	--
Telephone#	91-22-26852980	Business Style 1	Manufacturer
Fax #	91-22-28726711	Business Style 2	--
Homepage	www.seekandsource.com/jalaram	Product Name 1	Household Appliances
# of employees	140 (Approximately)	Product Name 2	Kitchen Appliances.
Paid up capital	Rs.6,490,000/-	Product Name 3	--
Shareholders	Bodies corporate - 36.83% Directors or relatives of Directors - 63.17%	Banking	Bank of Baroda
Public Limited Corp.	No	Business Period	20 Years
IPO	No	International Ins.	--
Public Enterprise	No	Rating	B (27)
Related Company
Relation	Country	Company Name	CEO
Related Party	--	Jalaram Appliances	--
Note	--

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	78,984,000	Current Liabilities	12,397,000
Inventories	9,893,000	Long-term Liabilities	45,803,000
Fixed Assets	10,547,000	Other Liabilities	0,000
Deferred Assets	0,000	Total Liabilities	58,200,000
Invest& other Assets	85,000	Retained Earnings	34,819,000
		Net Worth	41,309,000
Total Assets	99,509,000	Total Liab. & Equity	99,509,000
Total Assets (Previous Year)	93,575,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Total Income	67,136,000	Net Profit	456,000
Total Income (Previous yr)	75,082,000	Net Profit(Prev.yr)	264,000

MIRA INFORM REPORT

Report Date :

29.04.2014

IDENTIFICATION DETAILS

Name :	JALARAM POLYMERS PRIVATE LIMITED
Registered Office :	10 Deven Industrial Estate, I.B Patel, Road, Goregaon (East), Mumbai - 400063, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	29.04.1994
Com. Reg. No.:	11-078080
Capital Investment / Paid-up Capital :	Rs. 6.490 Millions
CIN No.: [Company Identification No.]	U24134MH1994PTC078080
TAN No.: [Tax Deduction & Collection Account No.]	MUMJ11238D
PAN No.: [Permanent Account No.]	AAACJ2840A
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Household and Kitchen Appliances.
No. of Employees :	140 (Approximately)

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 160000
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. Management of the company has failed to file its financial for the year 2013 with the government department. Further, the company has filed its financial for the year 2012 but the same could not be made available from government department. As per available financial of 2011, profitability of the company seems to be low. However, trade relations are reported as fair. Business is active. Payment terms are unknown. The company can be considered for business dealings with some caution.

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 PARTED BY (GENERAL DETAILS)

Name :	Mr. Kasam
Designation :	Accounts Manager
Contact No.:	91-22-40582222
Date :	17.04.2014

LOCATIONS

Registered / Corporate Office :	10 Deven Industrial Estate, I.B Patel, Road, Goregaon (East), Mumbai - 400063, Maharashtra, India
Tel. No.:	91-22-26852980/ 26852981/ 82/ 56903783/ 40582222
Mobile No.:	91-9324024781 (Mr. Ashok Devichand Jain)
Fax No.:	91-22-28726711/ 40582299
E-Mail :	jalarampolymers@hotmail.com trushnajhaverics@gmail.com trade4us@hotmail.com rocemail@rediffmail.com rubi.kumari1@gamil.com
Website:	www.seekandsource.com/jalaram
Location:	Owned
Factory 1 :	Sharma Industrial Estate, Goregaon (East), Mumbai – 400063, Maharashtra, India
Factory 2 :	Plot No. 15/a, Golden E Y E Somnath Road, Dabhel, Daman – 396215, Daman and Diu, India

DIRECTORS

As on 29.09.2012

Name :

Mr. Ashok Devichand Jain

Designation :

Director

Address :

11/88, Navjyot Co-operative Society, M G Road, Goregaon (West), Mumbai - 400062, Maharashtra, India

Date of Birth/Age :

22.06.1962

Date of Appointment :

29.04.1994

DIN No.:

00598007

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	Company/ LLP Status	Defaulting status
1	U24134MH1994PTC078080	JALARAM POLYMERS PRIVATE LIMITED	Director	29/04/1994	29/04/1994	Active	NO
2	U99999MH1997PTC104863	PARAS POLYPLAST (MANUFACTURING) PRIVATE LIMITED	Director	14/03/2013	14/03/2013	Active	NO
3	U74999MH2013PTC244145	JALARAM APPLIANCES INDUSTRIES PRIVATE LIMITED	Director	07/06/2013	07/06/2013	Active	NO

Name :

Mr. Satish Devichand Shah

Designation :

Director

Address :

11/90, Unnat Nagar, Navjyot Co-operative Society, M G Road, Goregaon (West), Mumbai - 400062, Maharashtra, India

Date of Birth/Age :

24.10.1965

Date of Appointment :

01.04.1998

DIN No.:

02492816

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	Company/ LLP Status	Defaulting status
1	U24134MH1994PTC078080	JALARAM POLYMERS PRIVATE LIMITED	Director	01/04/1998	01/04/1998	Active	NO
2	U99999MH1997PTC104863	PARAS POLYPLAST (MANUFACTURING) PRIVATE LIMITED	Director	14/03/2013	14/03/2013	Active	NO
3	U74999MH2013PTC244145	JALARAM APPLIANCES INDUSTRIES PRIVATE LIMITED	Director	07/06/2013	07/06/2013	Active	NO

Name :

Mr. Pratik Devichand Jain

Designation :

Director

Address :

35/304, Unnat Nagar No. 2, Off S. V. Road, Goregaon (West), Mumbai - 400062, Maharashtra, India

Date of Birth/Age :

14.07.1970

Date of Appointment :

29.04.1994

DIN No.:

02494049

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	Company/ LLP Status	Defaulting status
1	U24134MH1994PTC078080	JALARAM POLYMERS PRIVATE LIMITED	Director	29/04/1994	29/04/1994	Active	NO
2	U99999MH1997PTC104863	PARAS POLYPLAST (MANUFACTURING) PRIVATE LIMITED	Director	14/03/2013	14/03/2013	Active	NO
3	U74999MH2013PTC244145	JALARAM APPLIANCES INDUSTRIES PRIVATE LIMITED	Director	07/06/2013	07/06/2013	Active	NO

Name :

Mr. Sampatraj Devichand Jain

Designation :

Director

Address :

35/299, Unnat Nagar No.2, Off S. V. Road, Goregaon (West), Mumbai - 400062, Maharashtra, India

Date of Birth/Age :

31.12.1957

Date of Appointment :

01.04.1998

DIN No.:

02494990

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	Company/ LLP Status	Defaulting status
1	U24134MH1994PTC078080	JALARAM POLYMERS PRIVATE LIMITED	Director	01/04/1998	01/04/1998	Active	NO
2	U74999MH2013PTC244145	JALARAM APPLIANCES INDUSTRIES PRIVATE LIMITED	Director	07/06/2013	07/06/2013	Active	NO

KEY EXECUTIVES

Name :	Mr. Kasam
Designation :	Accounts Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2012

Names of Shareholders	No. of Shares
Ashok Devichand Jain	16770
Ashok D. Jain (HUF)	14000
Pratik Devichand Jain	5000
Sampatraja D. Jain	3900
Satish Devichand Jain	13350
Ancheeta Devi	1980
Alliance International and Network Private Limited, India	3400
Alpha Chemie Trade Agencies Private Limited, India	500
Buniyad Chemical Limited, India	1200
Mihir Agencies Private Limited, India	1600
Alembic Securities Private Limited, India	1500
Telent Infoway Limited, India	1700
Total	64900

As on 29.09.2012

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Bodies corporate	36.83
Directors or relatives of Directors	63.17
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Household and Kitchen Appliances.
Exports :
Products :	Household and Kitchen Appliances
Countries :	Srilanka
Imports :
Products :	Raw Material
Countries :	Korea
Terms :
Selling :	Cash and Credit (30 Days)
Purchasing :	Cash and Credit (30 Days)

GENERAL INFORMATION

Customers :

Wholesalers, Retailers and End Users

No. of Employees :

140 (Approximately)

Bankers :

· Bank of Baroda, 48 Shiv Shakti Jaiprakash Nagar, Road No. 4, Goregaon East, Mumbai - 400063, Maharashtra, India

· Bombay Mercantile Co-Operative Bank Limited, Malad (West) Branch, S.V. Road, Malad (West), Mumbai - 400064, Maharashtra, India

Facilities :

SECURED LOANS	31.03.2011 (Rs. In Millions)	31.03.2010 (Rs. In Millions)
From Banks
Bombay Mercantile Co-operative Bank	2.528	2.427
HDFC Bank (Honda City)	0.421	0.000
HDFC Bank (Ratan Motor Elcher)	0.145	0.299
HDFC Bank Car Loan	0.000	0.057
Packing Credit Facilities	2.500	0.000
Sonata HDFC Bank Loan	0.000	0.382
Sundaram Finance	0.199	0.312
Total	5.793	3.477

Banking Relations :	--
Auditors :
Name :	Ashok K Lohiya and Associates Chartered Accountant
Address :	3/3, Sonal Apartment, Sonawala Cross Road No. 1, Goregaon (East), Mumbai-400063, Maharashtra, India
Income-tax PAN of auditor or auditor's firm :	AAAPL3646B
Related Parties :	· Jalaram Appliances · Durable Home Appliances · Mass International · Jalaram Appliances Polymers · Nikita Developers · Laxmi Development Corporation

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.100/- each	Rs.10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
64900	Equity Shares	Rs.100/- each	Rs.6.490 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		6.490	6.490	6.490
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		34.819	34.396	34.133
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		41.309	40.886	40.623
LOAN FUNDS
1] Secured Loans		5.793	3.477	6.926
2] Unsecured Loans		40.010	7.595	8.636
TOTAL BORROWING		45.803	11.072	15.562
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		87.112	51.958	56.185
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		10.547	9.583	11.175
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.085	0.085	0.085
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	9.893	3.056	3.898
	Sundry Debtors	19.634	17.891	16.215
	Cash & Bank Balances	7.253	0.133	1.352
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	52.097	62.827	57.192
Total Current Assets		88.877	83.907	78.657
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	11.672	41.372	33.479
	Other Current Liabilities	0.725	0.245	0.253
	Provisions	0.000	0.000	0.000
Total Current Liabilities		12.397	41.617	33.732
Net Current Assets		76.480	42.290	44.925
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		87.112	51.958	56.185

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		TOTAL	67.136	75.082	66.420
Less	EXPENSES
		TOTAL	66.680	74.818	66.205
	PROFIT BEFORE TAX		0.456	0.264	0.215
Less	TAX		0.000	0.000	0.000
	PROFIT AFTER TAX		0.456	0.264	0.215
	EARNINGS IN FOREIGN CURRENCY		0.000	12.211	3.283
	Earnings Per Share (Rs.)		7.03	4.07	3.31

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.68	0.35	0.32
Return on Total Assets (PBT/Total Assets}	(%)	0.46	0.28	0.24
Return on Investment (ROI) (PBT/Networth)		0.01	0.01	0.01
Debt Equity Ratio (Total Debt/Networth)		1.11	0.27	0.38
Current Ratio (Current Asset/Current Liability)		7.17	2.02	2.33

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2009	31.03.2010	31.03.2011
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	6.49	6.49	6.49
Reserves & Surplus	34.133	34.396	34.819
Net worth	40.623	40.886	41.309
Secured Loans	6.926	3.477	5.793
Unsecured Loans	8.636	7.595	40.01
Total borrowings	15.562	11.072	45.803
Debt/Equity ratio	0.383	0.271	1.109

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2009	31.03.2010	31.03.2011
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Total Income	66.420	75.082	67.136
		13.041	(10.583)

NET PROFIT MARGIN

Net Profit Margin	31.03.2009	31.03.2010	31.03.2011
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Total Income	66.420	75.082	67.136
Profit	0.215	0.264	0.456
	0.32%	0.35%	0.68%

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 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	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	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	No

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10332814	23/03/2013 *	38,250,000.00	BANK OF BARODA	48 SHIV SHAKTI JAIPRAKASH NAGAR, ROAD NO -4, GORE GAON EAST, MUMBAI, MAHARASHTRA - 400063, INDIA	B71527758
2	10110575	02/05/2008	1,000,000.00	BOMBAY MERCANTILE CO-OPERATIVE BANK LIMITED	MALAD (WEST) BRANCH , S.V. ROAD,, MALAD (WEST) , MUMBAI, MUMBAI, MAHARASHTRA - 400064, INDIA	A40666257
3	90349408	22/11/2005	2,500,000.00	BOMBAY MERCANTILE BANK LIMITED	UTTAM HOUSE, P.D. MELLO ROAD, MUMBAI, MAHARASHTRA, INDIA	-
4	90351166	14/09/2005	1,154,142.00	BOMBAY MERCANTILE CO-OP BANK LIMITED	P.D. MELLO ROAD, MUMBAI, MAHARASHTRA, INDIA	-
5	80046448	02/05/2008 *	9,500,000.00	BOMBAY MERCANTILE CO-OPERATIVE BANK LIMITED	MALAD (WEST) BRANCH, S.V. ROAD, MALAD (WEST), MUMBAI, MUMBAI, MAHARASHTRA - 400064, INDIA	A40666844
6	90365465	17/12/2002	2,500,000.00	BOMBAY MERCANTILE BANK LIMITED	MALAD, MAHARASHTRA, INDIA	-

UNSECURED LOANS

PARTICULAR	31.03.2011 (Rs. In Millions)	31.03.2010 (Rs. In Millions)
From Others	40.010	7.595
Total	40.010	7.595

CHANGE OF ADDRESS

Registered office of the company has been shifted from 11/88, Navjyot Co-operative Society, M.G. Road, Goregaon (West), Mumbai - 400062, Maharashtra, India to the present address w.e.f 18.04.2013

FIXED ASSETS

· Land

· Building

· Plant and Machinery

· Electrical Installation

· Dies and Moulds

· Furniture and Fixture

· Office Equipment

· Vehicles

· Xerox Machine

· Air Conditioner

· 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.60.50
UK Pound	1	Rs.101.69
Euro	1	Rs.83.62

INFORMATION DETAILS

Information Gathered by :	JML
Analysis Done by :	RAS
Report Prepared by :	MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
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	3
--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	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		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.