MIRA INFORM REPORT

Report Date :

06.08.2014

IDENTIFICATION DETAILS

Name :	FINE TECH CORPORATION PRIVATE LIMITED (w.e.f. 08.10.2012)
Formerly Known As :	FINE TECH COMMERCIAL PRIVATE LIMITED
Registered Office :	3^rd Floor, Court House, Lokmanya Tilak Marg, Dhobi Talao, Mumbai – 400002, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	09.11.2000
Com. Reg. No.:	11-129528
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U51100MH2000PTC129528
PAN No.: [Permanent Account No.]	AAACF5232A
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is Providing Logistics and Warehousing Services and Business and Infrastructure Support services.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

B (28)

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

Maximum Credit Limit :	USD 93000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
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

As per the latest IMF study, the total weigh of emerging markets in the GDP of the world on a purchasing power parity basis has seen a sizeable shift. It highlights how as against 51 % in 2005, the emerging economies now account for close to 56 % of the global purchasing power GDP as per the latest survey. And with the emerging economies growing at a faster rate than their developed counterparts, there are every possibility that the their share goes up further in the coming years.  China may surpass the US over the next few years.

Politics and economics are very intricately connected. They tend to influence each other in ways that could be very complex and far-reaching. The prospects of the India’s economy have been seriously compromised due to political corruption. High inflation, poor standard of living are to a great extent a result of rampant corruption in the country. China on the other hand, seems to be facing diametrically opposite challenge. American hedge fund manager Jim Chanos has been keenly following the political and economic development in the dragon economy and has figured out something that is quite worrying. He is of the view that the Chinese economy could be heading toward trouble on account of new Chinese President Xi Jingping’s very aggressive anti-corruption drive. Chanos believes tat many things such as apartment sales, luxury products, etc. were largely bought with dirty money. And it is now beginning to impact consumption. This may indeed be bad news for an economy that is struggling to transition from an investment-driven export-oriented economy to a domestic consumption-driven economy.

A study published by Firstpost has revealed that asset classes like real estate and equities were the biggest beneficiaries of the liberalization policies.  A firm called Ciane Analytics studied returns from assets including equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate outperformed every other asset classes during the 23-year period with an annualized return of 20 % ! Equities came in second with annualized return of 15.5 % ! However, while these returns may seem mouthwatering, the fact is that the return from equities adjusted for inflation came down to just 7.1 %.

Some brief news are as under

. R-Power to buy Jaypee’s hydro assets

. Investors await justice in NSEL case

. India seeks MFN status from Pakistan ahead of meeting

. Ukrain’s clashes with rebels hinder MH17 crash investigation

. India exploring merger of state-owned hydro PSUs

..Higher costs weigh down profit growth to slowest in 9 quarters

..Wal-Mart to expand wholesale business in India

. GMR group moves to strengthen balance sheet

. Central Bank to sell 4 % stake to Life Insurance Corporation

. Tata Chemicals plans to raise up to Rs 10000 mn.

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.

LOCATIONS

Registered Office :	3^rd Floor, Court House, Lokmanya Tilak Marg, Dhobi Talao, Mumbai – 400002, Maharashtra, India
Tel. No. :	Not Available
Fax No. :	Not Available
E-Mail :	sidhi.jatkar@servicesnext.com

DIRECTORS

As on 28.09.2013

Name :

Mr. Jaishanker Prasad Kanhaiya Lal Bansal

Designation :

Whole-time Director

Address :

TMC Bunglow No. 04, Sectorv, RPL Township, Reliance Greens, Jamnagar – 361140, Gujarat, India

Date of Birth/Age :

06.09.1959

Date of Appointment :

01.04.2014

DIN No. :

00022071

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	U74920MH1995PTC087740	RELIANCE GROUP SUPPORT SERVICES PRIVATE LIMITED	Director	06/03/2002	06/03/2002	10/10/2011	Active	NO
2	U23200GJ1998PLC034144	PETRONET VK LIMITED	Nominee director	23/04/2004	23/04/2004	-	Active	NO
3	U45300GJ1999PLC036347	RELIANCE JAMNAGAR INFRASTRUCTURE LIMITED	Director	24/09/2007	29/12/2006	-	Amalgamated	NO
4	U01100MH1999PLC244851	FARM ENTERPRISES LIMITED	Director	30/09/2008	20/02/2008	-	Active	NO
5	U51100MH2000PTC129528	Fine Tech Corporation Private Limited	Director	01/04/2014	27/09/2012	-	Active	NO

Name :

Mr. Shanker Natarajan

Designation :

Director

Address :

10, Balaji Prasad CHS, R B Mehta Road, Ghatkoper (East), Mumbai – 400077, Maharashtra, India

Date of Birth/Age :

16.09.1953

Date of Appointment :

28.09.2012

DIN No. :

05199681

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	U40108MH2008PLC185326	RELIANCE ENERGY GENERATION AND DISTRIBUTION LIMITED	Director	30/08/2012	16/02/2012	-	Active	NO
2	U51909MH2006PLC166166	Reliance Retail Ventures Limited	Director	30/08/2012	17/02/2012	17/07/2013	Active	NO
3	U74140MH2000PTC126771	RELIANCE PETRO DISTRIBUTION PRIVATE LIMITED	Director	18/09/2012	24/02/2012	05/02/2014	Active	NO
4	U23200GJ1992PTC018397	RELIANCE OIL AND PETROLEUM PRIVATE LIMITED	Director	17/09/2012	01/03/2012	-	Active	NO
5	U51109MH2008PLC185401	RELIANCE SECURITY SOLUTIONS LIMITED	Director	28/09/2012	02/03/2012	-	Active	NO
6	U15300MH1999PLC123315	RELIANCE UNIVERSAL COMMERCIAL LIMITED	Director	24/07/2012	05/03/2012	-	Active	NO
7	U99999MH1992PLC065847	RELIANCE POLYOLEFINS LIMITED	Director	03/07/2012	05/03/2012	-	Active	NO
8	U51100MH2000PTC129528	Fine Tech Corporation Private Limited	Director	28/09/2012	09/03/2012	-	Active	NO
9	U17110GJ1990PTC014456	RELIANCE PETROSYNTH PRIVATE LIMITED	Director	27/09/2012	13/03/2012	-	Active	NO
10	U72900MH2000PTC125899	AVALANCHE FUELS PRIVATE LIMITED	Additional director	14/03/2012	14/03/2012	-	Strike off	NO
11	U92110GJ1994PTC021586	RELIANCE TANKAGES PRIVATE LIMITED	Director	26/09/2012	14/03/2012	29/07/2013	Active	NO
12	U15300MH1999PTC123316	RELIANCE RESEARCH AND DEVELOPMENT SERVICES PRIVATE LIMITED	Director	28/09/2012	14/03/2012	22/01/2014	Active	NO
13	U01100MH1999PTC120376	VICTORY INSURANCE BROKERS PRIVATE LIMITED	Director	25/09/2012	14/03/2012	-	Active	NO
14	U75230MH1999PTC118569	RELIANCE FIRE BRIGADE SERVICES PRIVATE LIMITED	Director	26/09/2012	14/03/2012	-	Active	NO
15	U51909GJ2000PTC037272	SIDDHANT COMMERCIALS PRIVATE LIMITED	Director	04/09/2012	14/03/2012	-	Active	NO
16	U51109MH2008PTC185400	BHADRAKSH COMMERCIAL PRIVATE LIMITED	Additional director	23/03/2012	23/03/2012	-	Strike off	NO
17	U24110GJ1992PTC018492	RELIANCE ALKALIES PRIVATE LIMITED	Director	24/09/2012	24/03/2012	-	Active	NO
18	U51909GJ1995PTC024384	GLORRY BULION TRADING PVT LTD	Additional director	08/05/2012	08/05/2012	-	Strike off	NO
19	U51900MH2000PTC124833	NEW EMPIRE MILLENNIUM INVESTMENT AND TRADING PRIVATE LIMITED	Director	05/09/2012	08/05/2012	-	Active	NO
20	U29199GJ1994PTC021443	Leisure Commercials Private Limited	Director	04/09/2012	09/05/2012	-	Active	NO
21	U24130GJ1991PTC016096	RELIANCE ELASTOMERS PVT LTD	Director	04/09/2012	10/05/2012	-	Active	NO
22	U64200MH2000PTC126647	AGNI FUELS PRIVATE LIMITED	Additional director	11/05/2012	11/05/2012	-	Strike off	NO
23	U23209GJ1991PTC014865	RELIANCE PETROPRODUCTS PRIVATE LIMITED	Director	27/09/2012	12/05/2012	-	Active	NO
24	U32100GJ1993PTC019510	RELIANCE PHOTO FILMS PRIVATE LIMITED	Director	28/09/2012	14/05/2012	-	Active	NO
25	U45200GJ1991PTC016100	RELIANCE HOUSING AND CONSTRUCTION PRIVATE LIMITED	Director	27/09/2012	14/05/2012	-	Active	NO
26	U01100MH1999PTC120375	AMAZON AGRICULTURE PRIVATE LIMITED	Additional director	15/05/2012	15/05/2012	-	Strike off	NO
27	U99999MH2000PTC126537	Digital Clinics Private Limited	Director	28/09/2012	16/05/2012	-	Active	NO
28	U72900MH2000PTC125089	INFINITY FUELS PRIVATE LIMITED	Additional director	17/05/2012	17/05/2012	-	Strike off	NO
29	U92490GJ1993PTC019509	RELIANCE PHOTOGRAPHIC PRIVATE LIMITED	Director	28/09/2012	18/05/2012	-	Active	NO
30	U23231GJ1991PTC016012	RELIANCE INDUSTRIAL ENTERPRISES PRIVATE LIMITED	Director	07/09/2013	22/07/2013	-	Active	NO
31	U45102GJ1996PTC030344	JAMNAGAR RATLAM PIPELINE COMPANY Private LIMITED	Director	07/09/2013	23/07/2013	-	Active	NO
32	U45102GJ1996PTC030345	JAMNAGAR KANDLA PIPELINE COMPANY Private LIMITED	Director	07/09/2013	23/07/2013	-	Active	NO
33	U33209GJ1991PTC016823	RELIANCE TECHNOLOGIES PRIVATE LIMITED	Director	07/09/2013	23/07/2013	-	Active	NO
34	U74999GJ1991PTC014954	RELIANCE FIRST PRIVATE LIMITED	Director	07/09/2013	24/07/2013	-	Active	NO
35	U51909GJ1994PTC021591	RELIANCE GLOBAL TRADING PRIVATE LIMITED	Additional director	18/10/2013	18/10/2013	-	Active	NO
36	U35300MH2008PLC186471	RELIANCE AEROSPACE TECHNOLOGIES LIMITED	Additional director	09/12/2013	09/12/2013	-	Active	NO
37	U51109MH2008PTC179375	INDIA SPORTSWIN PRIVATE LIMITED	Additional director	03/02/2014	03/02/2014	-	Active	NO
38	U85199MH2000PTC126538	HEALTH ON THE NET GLOBAL PRIVATE LIMITED	Additional director	03/02/2014	03/02/2014	-	Active	NO
39	U72900MH2007PTC168258	Console Technologies Private Limited	Additional director	03/02/2014	03/02/2014	-	Active	NO
40	U85190MH2000PTC126441	MEDICAL EDUCATION SYSTEMS GLOBAL PRIVATE LIMITED	Additional director	03/02/2014	03/02/2014	-	Active	NO
41	U17120MH2007PTC177166	Reliance Polyester Private Limited	Additional director	03/02/2014	03/02/2014	-	Active	NO
42	U72200MH2000PTC125095	STEADFAST FUEL TRADING PRIVATE LIMITED	Additional director	03/02/2014	03/02/2014	-	Active	NO
43	U72900MH2000PTC125935	JUBILANT AUTO FUELS TRADING PRIVATE LIMITED	Additional director	03/02/2014	03/02/2014	-	Active	NO
44	U65990MH1992PTC065140	RAL INVESTMENT PRIVATE LIMITED	Additional director	03/02/2014	03/02/2014	-	Active	NO
45	U65990MH1992PTC067948	VALERIAN INVESTMENT & CONSULTANCY PRIVATE LIMITED	Additional director	03/02/2014	03/02/2014	-	Active	NO

Name :

Mr. Rajagopal Subramanian

Designation :

Director

Address :

401, Hansraj CHS, Plot No. 25, Sector 42, Nerul, Navi Mumbai – 400706, Maharashtra, India

Date of Birth/Age :

22.08.1962

Date of Appointment :

20.09.2011

DIN No. :

03443308

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	U52599MH2006PTC164458	Reliance Comtrade Private Limited	Director	24/08/2011	17/02/2011	09/10/2013	Active	NO
2	U51100GJ2005PTC046467	RELIANCE UNIVERSAL TRADERS PRIVATE LIMITED	Director	17/08/2011	17/02/2011	09/10/2013	Active	NO
3	U51100GJ2005PTC046464	RELIANCE PROLIFIC TRADERS PRIVATE LIMITED	Director	17/08/2011	17/02/2011	20/09/2013	Active	NO
4	U01100MH1999PLC244851	FARM ENTERPRISES LIMITED	Director	28/09/2011	17/02/2011	24/12/2012	Active	NO
5	U72200MH2000PTC125095	STEADFAST FUEL TRADING PRIVATE LIMITED	Director	23/09/2011	17/02/2011	05/02/2014	Active	NO
6	U45201MH2006PTC163785	HONEYWELL PROPERTIES PRIVATE LIMITED	Director	30/09/2011	17/02/2011	-	Active	NO
7	U01122MH2006PTC163589	CREATIVE AGROTECH PRIVATE LIMITED	Director	30/09/2011	17/02/2011	-	Active	NO
8	U15433GJ2005PTC079667	JAIPUR ENCLAVE PRIVATE LIMITED	Director	30/07/2011	17/02/2011	-	Active	NO
9	U26931GJ2001PTC079679	SHREE SALASAR BRICKS PRIVATE LIMITED	Director	30/07/2011	17/02/2011	-	Active	NO
10	U25201GJ1995PTC079682	ATRI EXPORTS PRIVATE LIMITED	Director	30/07/2011	17/02/2011	-	Active	NO
11	U01403MH2007PTC170522	Fame Agro Private Limited	Director	29/07/2011	17/02/2011	-	Active	NO
12	U51101MH2007PTC168180	Rakshita Commercials Private Limited	Director	29/07/2011	17/02/2011	-	Active	NO
13	U45201MH1993PLC190935	RELIANCE ENERGY AND PROJECT DEVELOPMENT LIMITED	Director	15/07/2011	17/02/2011	-	Active	NO
14	U23200MH1993PLC190934	RELIANCE AROMATICS AND PETROCHEMICALS LIMITED	Director	15/07/2011	17/02/2011	-	Active	NO
15	U15300MH1999PLC123315	RELIANCE UNIVERSAL COMMERCIAL LIMITED	Director	04/07/2011	17/02/2011	-	Active	NO
16	U24230MH1999PLC121318	RELIANCE GLOBAL COMMERCIAL LIMITED	Director	04/07/2011	17/02/2011	-	Active	NO
17	U51100MH2000PTC129528	Fine Tech Corporation Private Limited	Director	20/09/2011	17/02/2011	-	Active	NO
18	U51109MH2007PTC176418	Shinano Retail Private Limited	Director	26/09/2011	17/02/2011	-	Active	NO
19	U51109MH2007PTC176254	Indiawin Sports Private Limited	Director	29/09/2011	21/02/2011	-	Active	NO
20	U67190MH2007PLC168008	RELIANCE INDUSTRIES INVESTMENT AND HOLDING LIMITED	Director	28/06/2011	28/03/2011	-	Active	NO
21	U24110MH1990PLC059590	RELIANCE CHEMICALS LIMITED	Director	02/07/2012	24/12/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 28.09.2013

Names of Shareholders	No. of Shares	%age
Jubilant Auto Fuels Trading Private Limited, India	1900	19.00
Steadfast Fuel Trading Private Limited, India	1900	19.00
Reliance Industrial Enterprises Private Limited, India	1900	19.00
Reliance Elastomers Private Limited, India	1900	19.00
Reliance Petrosynth Private Limited, India	500	5.00
Reliance Alkalies Private Limited, India	1900	19.00
Total	10000	100.00

As on 28.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is Providing Logistics and Warehousing Services and Business and Infrastructure Support services.

GENERAL INFORMATION

No. of Employees :	Not Divulged
Bankers :	Not Divulged

Banking Relations :	--
Auditors :
Name :	Pathak H D and Associates Chartered Accountants
Address :	814 - 815 Tulsani Chambers, 212, Nariman Point, Mumbai - 400021, Maharashtra, India
PAN No. :	AAAFP1031C

CAPITAL STRUCTURE

After 28.09.2013

Authorised Capital : Rs. 0.150 Million

Issued, Subscribed & Paid-up Capital : Rs. 0.124 Million

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 Million

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	0.100	0.100	0.100
(b) Reserves & Surplus	23.193	14.400	10.750
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	23.293	14.500	10.850
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.079	0.111
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	0.000	0.079	0.111
(4) Current Liabilities
(a) Short term borrowings	13.000	13.000	1040.000
(b) Trade payables	2432.351	168.712	1239.741
(c) Other current liabilities	123.603	92.966	0.000
(d) Short-term provisions	36.735	5.469	3.104
Total Current Liabilities (4)	2605.689	280.147	2282.845
TOTAL	2628.982	294.726	2293.806
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	4.464	2.909	2.298
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.005	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	4.469	2.909	2.298
(2) Current assets
(a) Current investments	107.388	0.100	0.000
(b) Inventories	0.778	0.000	2182.600
(c) Trade receivables	2155.049	137.243	10.653
(d) Cash and cash equivalents	59.751	4.562	5.431
(e) Short-term loans and advances	301.547	149.912	92.824
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	2624.513	291.817	2291.508
TOTAL	2628.982	294.726	2293.806

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Gross Income	10678.800	5833.400	301.651
Less	EXPENSES
		TOTAL	NA	NA	NA
	PROFIT/ (LOSS) BEFORE TAX		NA	NA	NA
Less	TAX		NA	NA	NA
	PROFIT/ (LOSS) AFTER TAX		8.792	3.650	0.089
	Earnings / (Loss) Per Share (Rs.)		879.20	365.05	8.90

KEY RATIOS

PARTICULARS	31.03.2013	31.03.2012	31.03.2011
Debt Equity Ratio (Total Debt/Networth)	0.56	0.90	95.85
Current Ratio (Current Asset/Current Liability)	1.01	1.04	1.00

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	0.100	0.100	0.100
Reserves & Surplus	10.750	14.400	23.193
Net worth	10.850	14.500	23.293
long-term borrowings	0.000	0.000	0.000
Short term borrowings	1040.000	13.000	13.000
Total borrowings	1040.000	13.000	13.000
Debt/Equity ratio	95.853	0.897	0.558

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)
Gross Income	301.651	5833.400	10678.800
		1,833.824	83.063

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Gross Income	301.651	5833.400	10678.800
Profit	0.089	3.650	8.792
	0.03%	0.06%	0.08%

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	No
10]	Designation of contact person	No
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	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	No
24]	Banking facility details	No
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

NOTE:

The registered address of the company has been shifted from 84-A Mittal Court, 8^th Floor, 224, Nariman Point, Mumbai - 400021, Maharashtra, India to the present address w.e.f 16.10.2012

UNSECURED LOANS

PARTICULAR	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
SHORT TERM BORROWINGS
Other loans and advances	13.000	13.000
Total	13.000	13.000

INDEX OF CHARGES

No Charges Exist for Company

FINANCIAL REVIEW:

During the year the Company earned a gross income of Rs. 10678.800 millions from operations (Previous Year Rs. 5833.400 millions). The Company earned a profit of Rs. 8.792 millions as compared to Rs. 3.650 millions in the previous year.

CHANGE IN OBJECTS CLAUSE AND NAME OF THE COMPANY:

During the year, the main Objects Clause of the Memorandum of Association of the Company was altered to include the businesses of providing Logistics and Warehousing services and Business and Infrastructure Support services.

Consequent thereto, the name of the Company was changed from Fine Tech Commercials Private Limited to Fine Tech Corporation Private Limited.

FIXED ASSETS

œ Plant and Equipment

œ Vehicles

œ Office Equipment

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.60.87
UK Pound	1	Rs.102.67
Euro	1	Rs.81.70

INFORMATION DETAILS

Information Gathered by :	PLK
Analysis Done by :	RAS
Report Prepared by :	ANK

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	4
--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		28

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.