Summary Information

		Country	India
Company Name	ASTRA MERCHANTS PRIVATE LIMITED	Principal Name 1	Mr. Pranay Jhunjhunwala
Status	Moderate	Principal Name 2	Mrs. Kalpana Jhunjhunwala
		Registration #	21-077717
Street Address	19, R.N. Mukherjee Road, P.S.Hare ST, Kolkata-700001,West Bengal
Date of Established	29.02.1996	SIC Code	--
Telephone#	91-33-22489680	Business Style 1	Distributors
Fax #	91-33-22485239	Business Style 2	Traders
Homepage	--	Product Name 1	--
# of employees	Not Available	Product Name 2	--
Paid up capital	Rs. 2,000,000/-	Product Name 3	--
Shareholders	Directors or relatives of directors – 100%	Banking	Standard Chartered Bank
Public Limited Corp.	NO	Business Period	18 Years
IPO	NO	International Ins.	-
Public Enterprise	NO	Rating	B (26)
Related Company
Relation	Country	Company Name	CEO
--	--	--	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2013		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	388,000	Current Liabilities	129,000
Inventories	000,000	Long-term Liabilities	163,000
Fixed Assets	000,000	Other Liabilities	10,000
Deferred Assets	000,000	Total Liabilities	302,000
Invest& other Assets	2,143,000	Retained Earnings	229,000
		Net Worth	2,229,000
Total Assets	2,531,000	Total Liab. & Equity	2,531,000
Total Assets (Previous Year)	2,587,000
P/L Statement as of	31.03.2013		(Unit: Indian Rs.)
Total Income	N.A	Net Profit	(126,000)
Total Income (Previous yr)	N.A	Net Profit(Prev.yr)	19,000

MIRA INFORM REPORT

Report Date :

02.08.2014

IDENTIFICATION DETAILS

Name :	ASTRA MERCHANTS PRIVATE LIMITED
Registered Office :	Tripti Tower, 1^st Floor, Ganeshguri, Dispur, Guhawati- 781006, Assam
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	29.02.1996
Com. Reg. No.:	21-077717
Capital Investment / Paid-up Capital :	Rs. 2.000 Millions
CIN No.: [Company Identification No.]	U51109WB1996PTC077717
TAN No.: [Tax Deduction & Collection Account No.]	CALA03862F
Legal Form :	Private Limited Liability Company
Line of Business :	To carry on business as distributors, agents, traders, merchants, contractors, brokers and otherwise deal in merchandise and articles of all kinds including clearing agent, freight contractors, towarding agents, licencing agents, general brokers and to carry on any kind of commercial business.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Maximum Credit Limit :	USD 8000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having a moderate track record. Reserves of the company seems to be low. However, trade relations are reported as fair. Business is active. Payment terms are slow but correct. 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

N E W S

The economy grew 4.7 %in 2013/14, marking a second straight year of sub-5 % growth – the worst slowdown in more than a quarter of a century. The data was below an official estimate of 4.9 % annual growth and compared with 4.5 % in the last fiscal year. However, the current account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A sharp fall in gold imports due to restrictions on overseas purchases and muted import of capital goods helped shrink the current account deficit.

Online retailer Flipkart has acquired fashion portal Myntra as it prepares to battle with the rapidly expanding India arm of the global e-commerce giant Amazon. The company raised $ 210 million from Russian Investment firm DST Global which has also invested in companies like Facebook, Twitter and Alibaba Group.

General Motors will start exporting vehicles from its Talegaon plant near Pune in the second half of 2014. GM was one of the few global carmakers that was using its India plant only for the domestic market.

Google has overtaken Apple as the world’s top brand in terms of value, according to global market research agency Millward Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top 10 of the 100 slots were dominated by US companies.

Infosys lost another heavy weight when B G Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V Balakrishnan being the other two.While Vemuri went on to lead IGate, Balakrishnan joined politics.

Naresh Goyal – promoted Jet Airways posted biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31, mainly because it has been offering discounts to passengers to fill planes.

William S Pinckney – Chairman and CEO of Amway India was arrested by the Andhra Pradesh Police in connection with a complaint against the direct selling firm. This is the second time that he has been taken into custody. A year, ago the Kerala Police had arrested Pinckney and two company directors on charges of financial irregularities.

China has told its state-owned enterprises to sever links with American consulting firms after the United States charged five Chinese military officers wih hacking US companies. China’s action which targets consultancies like McKinsey & Co. and the Boston Consulting Group, sterns from fears that the first are providing trade secrets to the US governments.

India has emerged as a country with some of the highest unregistered businesses in the world. Indonesia has the maximum number of shadow businesses, says a study of 68 countries by Imperial College Business School in London.

Pfizer has abandoned its attempt to buy AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55 pounds a share.

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 31-03-2014.

INFORMATION DENIED BY

Name :	Mr. A. Laheri
Designation :	Accounts Manager
Contact No.:	91-33-22489680
Date :	21.07.2014

LOCATIONS

Registered Office :	Tripti Tower, 1^st Floor, Ganeshguri, Dispur, Guhawati- 781006, Assam
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	pranayjj@gmail.com

DIRECTORS

As on: 30.09.2013

Name :

Mr. Pranay Jhunjhunwala

Designation :

Director

Address :

9/2, Merlin Park, Kolkata – 700019, West Bengal, India

Date of Birth/Age :

09.02.1975

Date of Appointment :

01.09.1997

DIN No.:

00106301

PAN No.:

ACJPJ1639H

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	U65910WB1992PTC055995	PRARIT INVESTMENTS PRIVATE LIMITED	Director	21/07/1992	21/07/1992	Active	NO
2	U70101WB1994PTC065224	PRARIT PROPERTIES PRIVATE LIMITED	Director	22/09/1994	22/09/1994	Active	NO
3	U27109WB1984PTC038161	PRANAY ENGINEERING COMPANY PRIVATE LIMITED	Director	20/01/1995	20/01/1995	Active	NO
4	U51109WB1996PTC081181	CENTREX COMMERCE PRIVATE LIMITED	Director	20/08/1997	20/08/1997	Active	NO
5	U51109WB1996PTC081182	HILLTOP VINIMAY PRIVATE LIMITED	Director	22/08/1997	22/08/1997	Active	NO
6	U51109WB1996PTC081177	LIBRA VINIMAY PRIVATE LIMITED	Director	01/09/1997	01/09/1997	Active	NO
7	U51109WB1996PTC077717	ASTRA MERCHANTS PRIVATE LIMITED	Director	01/09/1997	01/09/1997	Active	NO
8	U70109WB2000PTC091529	PRATIKSHIT ESTATES PRIVATE LIMITED	Director	30/03/2000	30/03/2000	Active	NO
9	U28999WB1988PTC044084	INDIA TOOLS CRAFTS PRIVATE LIMITED	Director	21/10/2002	21/10/2002	Active	NO
10	U27109WB1970PTC027745	ARMEET TOOLS AND EQUIPMENTS PRIVATE LIMITED	Director	10/04/2007	10/04/2007	Amalgamated	NO
11	U29248WB1983PTC036657	CHAKRAPANI CONSTRUCTIONS PRIVATE LIMITED	Whole-time director	01/01/2008	01/01/2008	Active	NO

Name :

Mrs. Kalpana Jhunjhunwala

Designation :

Director

Address :

9/2, Merlin Park, Kolkata – 700019, West Bengal, India

Date of Birth/Age :

20.11.1944

Date of Appointment :

01.07.2007

DIN No.:

00106385

PAN No.:

ACWPJ5364

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	U70101WB1994PTC065224	PRARIT PROPERTIES PRIVATE LIMITED	Director	22/09/1994	22/09/1994	Active	NO
2	U65910WB1992PTC055995	PRARIT INVESTMENTS PRIVATE LIMITED	Director	01/07/1995	01/07/1995	Active	NO
3	U51109WB1996PTC081182	HILLTOP VINIMAY PRIVATE LIMITED	Director	20/08/1997	20/08/1997	Active	NO
4	U51109WB1996PTC081177	LIBRA VINIMAY PRIVATE LIMITED	Director	01/09/1997	01/09/1997	Active	NO
5	U51109WB1996PTC077717	ASTRA MERCHANTS PRIVATE LIMITED	Whole-time director	01/07/2007	10/04/2007	Active	NO
6	U28999WB1988PTC044084	INDIA TOOLS CRAFTS PRIVATE LIMITED	Director	10/09/2009	10/09/2009	Active	NO
7	U27109WB1984PTC038161	PRANAY ENGINEERING COMPANY PRIVATE LIMITED	Director	10/09/2009	10/09/2009	Active	NO
8	U27109WB1970PTC027745	ARMEET TOOLS AND EQUIPMENTS PRIVATE LIMITED	Director	10/09/2009	10/09/2009	Amalgamated	NO
9	U29248WB1983PTC036657	CHAKRAPANI CONSTRUCTIONS PRIVATE LIMITED	Director	20/02/2010	20/02/2010	Active	NO

Name :

Mrs. Ritu Bagla

Designation :

Director

Address :

1, Bal Lygunge Place, Kolkata – 700019, West Bengal, India

Date of Birth/Age :

15.03.1968

Date of Appointment :

01.09.1997

DIN No.:

00151938

PAN No.:

AGMPB5206H

KEY EXECUTIVES

Name :	Mr. A. Laheri
Designation :	Accounts Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 30.09.2013

Names of Shareholders	No. of Shares
Kalpana Jhunjhunwala	27500
Pranay Jhunjhunwala	10000
Arun Jhunjhunwala	10000
A K and Sons (HUF)	42500
Ritu Bagla	10000
TOTAL	100000

Names of Preference Shareholders	No. of Shares
Kalpana Jhunjhunwala	10000
TOTAL	10000

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

To carry on business as distributors, agents, traders, merchants, contractors, brokers and otherwise deal in merchandise and articles of all kinds including clearing agent, freight contractors, towarding agents, licencing agents, general brokers and to carry on any kind of commercial business.

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	· Standard Charted Bank, SME Banking, 19 N S Road, Kolkata-700001, West Bengal, India

Banking Relations :	---
Auditors :
Name :	R. P. Boobna and Company Chartered Accountant
Address :	209, A. J. C. Bose Road, Karnani Estate, 2^nd Floor, Room No.87, Kolkata – 700017, West Bengal, India.
Tel. No.:	91-33-30282576
Fax No.:	91-33-30282581
E-Mail :	rpboobna@gmail.com office@rpboobnaandco.com
PAN No.:	AACFR115R
Related Parties :	· India Tools Crafts Private Limited · Libra Vinimay Private Limited · Hilltop Vinimay Private Limited · Pranay Engineering Company Private Limited · Armeet Tools And Equipments Private Limited · Centrex Commerce Private Limited · Praprit Investments Private Limited · Prarit Properties Private Limited

CAPITAL STRUCTURE

As on: 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.10/- each	Rs. 1.000 Million
10000	Preference Shares	Rs.100/- each	Rs. 1.000 Million
	TOTAL		Rs. 2.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.10/- each	Rs. 1.000 Million
10000	Preference Shares	Rs.100/- each	Rs. 1.000 Million
	TOTAL		Rs. 2.000 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	2.000	2.000
(b) Reserves & Surplus	0.229	0.355
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	2.229	2.355
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	0.000	0.000
(4) Current Liabilities
(a) Short term borrowings	0.163	0.165
(b) Trade payables	0.000	0.000
(c) Other current liabilities	0.129	0.051
(d) Short-term provisions	0.010	0.016
Total Current Liabilities (4)	0.302	0.232
TOTAL	2.531	2.587
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000	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	2.143	2.143
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	0.090	0.090
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	2.233	2.233
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	0.000	0.000
(c) Trade receivables	0.132	0.132
(d) Cash and cash equivalents	0.027	0.084
(e) Short-term loans and advances	0.139	0.138
(f) Other current assets
Total Current Assets	0.298	0.354
TOTAL	2.531	2.587

SOURCES OF FUNDS		31.03.2011
SHAREHOLDERS FUNDS
1] Share Capital		2.000
2] Share Application Money		0.000
3] Reserves & Surplus		0.347
4] (Accumulated Losses)		0.000
NETWORTH		2.347
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.019
TOTAL BORROWING		0.019
DEFERRED TAX LIABILITIES		0.000
TOTAL		2.366
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		2.142
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	0.000
	Cash & Bank Balances	0.072
	Other Current Assets	0.000
	Loans & Advances	0.319
Total Current Assets		0.391
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.005
	Other Current Liabilities	0.137
	Provisions	0.025
Total Current Liabilities		0.167
Net Current Assets		0.224
MISCELLANEOUS EXPENSES		0.000
TOTAL		2.366

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income
		Other Income
		TOTAL	N.A	N.A	0.109
Less	EXPENSES		N.A	N.A	0.090
	PROFIT / (LOSS) BEFORE TAX		(0.126)	N.A	0.019
Less	TAX		0.000	N.A	(0.010)
	PROFIT / (LOSS) AFTER TAX		(0.126)	0.019	0.029
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		0.278	0.273	0.257
Less	APPROPRIATIONS
		Transfer to General Reserve	N.A	0.002	0.002
		Dividend on Preference Share	N.A	0.010	0.010
		Tax on Preference Dividend	N.A	0.002	0.001
	BALANCE CARRIED TO THE B/S		N.A.	0.278	0.273
	Earnings Per Share (Rs.)		1.52	0.19	0.29

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	N.A	N.A	26.61
Return on Total Assets (PBT/Total Assets}	(%)	(32.47)	0.00	4.87
Return on Investment (ROI) (PBT/Networth)		(0.06)	0.00	0.01
Debt Equity Ratio (Total Debt /Networth)		0.07	0.07	0.05
Current Ratio (Current Asset/Current Liability)		0.99	1.53	1.14

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	2.000	2.000	2.000
Reserves & Surplus	0.347	0.355	0.229
Net worth	2.347	2.355	2.229
long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.110	0.165	0.163
Total borrowings	0.110	0.165	0.163
Debt/Equity ratio	0.047	0.070	0.073

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	No
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	No
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 LOAN

Particulars	As on 31.03.2013	As on 31.03.2012
SHORT TERM BORROWINGS
Unsecured Loans and advances from related parties (Inter-Corporate)	0.163	0.165
Total	0.163	0.165

Bankers Charges Report as per Registry

This form is for	Creation of charge Modification of charge
Charge identification number of the modified	10331439
Corporate identity number of the company	U51109WB1996PTC077717
Name of the company	ASTRA MERCHANTS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	19. R. N. Mukherjee Road, P. S. Hare St., Kolkata – 700001, West Bengal, India
Type of charge	· Immovable property
Particular of charge holder	Standard Charted Bank, SME Banking, 19 N S Road, Kolkata-700001, West Bengal, India
Nature of description of the instrument creating or modifying the charge	Memorandum Of Entry - Supplemental
Date of instrument Creating the charge	18.01.2013
Amount secured by the charge	Rs. 56.060 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of interest Rates as per the sanction terms are subject to change from time to time. Terms of repayment OD facility is payable on demand Term Loan and other facility is payable as per the sanction terms. Margin 25% of Stock and Book Debts (up to 90 days) less Creditors Extent and operation of the charge The charged security be a continuing security and by way of first charge against Banking Facility extended to India Tools Crafts Private Limited Rs.42.310 Millions and Pranay Engineering Private Limited Rs.13.750 Millions. The company hereby declare that all the charged assets now existing are absolute property of and at the sole disposal of the company and free from any prior charge Other The charged security shall be kept at the Co's risk and expenses in good condition and fully insured against loss or damage by fire, theft etc and also against other loss or damages may be required by the Bank. The charged goods and all sales realization and insurance proceeds thereof and all the documents under this security shall be held as bank's exclusive property. Other terms are as per Sanction letter and MOE etc.
Short particulars of the property charged	Equitable Mortgage of the Following property: All that land measuring about 4 cottah, 3 chittaks, and 16 sq fts along with G+4 Storied bldg. and each floor having 2000sqft (first to four) and ground floor having Car parking space at plot no. 28 CIT Scheme no. XLVIII and portion of holding no. 45 and 46, Dihi Panchannagram, P.S. Ballygunge, being plot no.3 of the scheme in respect of premises no. P-26, Scheme XLVIII being premises no. 9/2 Gariahat Road (Merlin Park), now known as Leela Roy Sarani, Kolkata-29, District 24 Parganas(s).
Particulars of the present modification	By this present modification overall limit secured by has been modified to Rs.56.060 Millions by way of Equitable Mortgage of the property located at 9/2 Gariahat Road against the facility of Rs.42.310 Millions extended to India Tools Craft Private Limited and Cross Collaterized for the facility of Rs.13.750 Millions extended to Pranay Engineering Company Private Limited

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.60.18
UK Pound	1	Rs.102.86
Euro	1	Rs.81.48

INFORMATION DETAILS

Information Gathered by :	PRI
Analysis Done by :	RAS
Report Prepared by :	HIT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	2
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		26

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.