MIRA INFORM REPORT

Report Date :

08.08.2014

IDENTIFICATION DETAILS

Name :	SEEMA SECURITIES PRIVATE LIMITED
Registered Office :	K-157, Sarita Vihar, New Delhi – 110076
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	11.12.1995
Com. Reg. No.:	55-221031
Capital Investment / Paid-up Capital :	Rs.20.000 Millions
CIN No.: [Company Identification No.]	U67190DL1995PTC221031
Legal Form :	Private Limited Liability Company
Line of Business :	Providing Financial Services
No. of Employees :	18 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (30)

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

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track. The rating is constrained on account of company’s moderate small scale of business operation and low reserves of the company. However, trade relations are fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealing 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 – 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

NEWS

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 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 that 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.

INFORMATION PARTED BY

Name :	Mr. Krishna Tiwari
Designation :	Chief Executive Officer
Contact No.:	91-9720609384
Date :	05.08.2014

LOCATIONS

Registered Office :	K-157, Sarita Vihar, New Delhi – 110076, India
Tel. No.:	Not Available
Mobile No.:	91-9319155002/ 9720609384 (Mr. Krishna Tiwari)
Fax No.:	Not Available
E-Mail :	kapil@agshares.co.in agraagssl@gmail.com ktiwari555@gmail.com agracfc@gmail.com agshares@agshares.co.in anujashoksign@yahoo.co.in
Head/ Corporate Office :	Shop No.2, Block No.20/4, 1^st Floor, Maruti Tower Sanjay Place, Agra – 282002, Uttar Pradesh, India
Tel. No.:	91-562-2851230/ 3243901/ 2850761/ 2851348
Fax No.:	91-562-4008986/ 2851230

DIRECTORS

(AS ON 31.03.2014)

Name :

Mr. Vinod Kumar Agrawal

Designation :

Director

Address :

D-37, Kamla Nagar, Agra – 282004, Uttar Pradesh, India

Date of Birth/Age :

24.09.1958

Date of Appointment :

14.05.1999

DIN No.:

01170494

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	U27201UP1986PTC008326	WILSON DIESELS PRIVATE LIMITED	Director	28/10/1986	28/10/1986	-	Active	NO
2	U74899DL1992PTC049814	DABAS HOTELS AND RESORTS PRIVATE LIMITED	Director	21/11/1996	21/11/1996	30/03/2010	Active	NO
3	U24231UP1995PTC017760	GEE KAY GENERATORS PRIVATE LIMITED	Director	21/11/1996	21/11/1996	-	Not Available for eFiling	NO
4	U67120DL1997PLC086720	A.G. SHARES AND SECURITIES LIMITED	Director	15/04/1997	15/04/1997	-	Active	NO
5	U31103DL1997PTC086869	GEE KAY GENERATORS PRIVATE LIMITED	Director	25/04/1997	25/04/1997	-	Active	NO
6	U67190DL1995PTC221031	SEEMA SECURITIES PRIVATE LIMITED	Director	14/05/1999	14/05/1999	-	Active	NO
7	U67120DL2000PLC219268	GEE KAY TRADECOM LIMITED	Director	19/07/2003	19/07/2003	-	Active	NO
8	U27109UP1985PLC007053	SAURABH STEEL LIMITED	Managing director	19/08/2004	19/08/2004	-	Active	NO
9	U74120UP2013PTC059349	CENTER POINT WAREHOUSE PRIVATE LIMITED	Director	03/09/2013	03/09/2013	-	Active	NO
10	U74120UP2013PTC059386	GREEN FRESH STORAGE PRIVATE LIMITED	Director	05/09/2013	05/09/2013	-	Active	NO

Name :

Mr. Ajay Kumar Agarwal

Designation :

Director

Address :

5, Sitaram Colony, Balkeshwar, Agra – 282004, Uttar Pradesh, India

Date of Birth/Age :

23.11.1962

Date of Appointment :

04.02.2012

DIN No.:

01193695

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	U27109UP1985PLC007053	SAURABH STEEL LIMITED	Director	25/02/1985	25/02/1985	-	Active	NO
2	U27201UP1986PTC008326	WILSON DIESELS PRIVATE LIMITED	Director	28/10/1986	28/10/1986	-	Active	NO
3	U67190DL1995PTC221031	SEEMA SECURITIES PRIVATE LIMITED	Director	29/09/2012	11/12/1995	-	Active	NO
4	U74899DL1992PTC049814	DABAS HOTELS AND RESORTS PRIVATE LIMITED	Director	21/11/1996	21/11/1996	30/06/2011	Active	NO
5	U24231UP1995PTC017760	GEE KAY GENERATORS PRIVATE LIMITED	Director	21/11/1996	21/11/1996	-	Not Available for eFiling	NO
6	U67190UP1997PTC021285	GEE KAY FINSEC CONSULTANCY PRIVATE LIMITED	Director	19/01/1997	19/01/1997	17/09/2012	Active	NO
7	U31103DL1997PTC086869	GEE KAY GENERATORS PRIVATE LIMITED	Director	25/04/1997	25/04/1997	-	Active	NO
8	U70101UP1998PTC023534	GEE KAY REAL ESTATES PRIVATE LIMITED	Director	03/06/1998	03/06/1998	30/06/2011	Active	NO
9	U67120DL2000PLC219268	GEE KAY TRADECOM LIMITED	Director	19/07/2003	19/07/2003	-	Active	NO
10	L74899DL1972PLC034022	INDU ENGINEERING AND TEXTILES LIMITED	Director	06/07/2004	06/07/2004	-	Active	NO
11	U67120DL1997PLC086720	A.G. SHARES AND SECURITIES LIMITED	Managing director	01/10/2012	01/01/2007	-	Active	NO
12	U74120UP2013PTC059349	CENTER POINT WAREHOUSE PRIVATE LIMITED	Director	03/09/2013	03/09/2013	-	Active	NO
13	U74120UP2013PTC059386	GREEN FRESH STORAGE PRIVATE LIMITED	Director	05/09/2013	05/09/2013	-	Active	NO

Name :

Mr. Rajesh Tiwari

Designation :

Director

Address :

28//64, Katra Kachhiyan, Gudri Mansoor Khan, Agra – 282004, Uttar Pradesh, India

Date of Birth/Age :

02.07.1966

Date of Appointment :

27.05.1998

DIN No.:

01372342

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	U67190DL1995PTC221031	SEEMA SECURITIES PRIVATE LIMITED	Director	27/05/1998	27/05/1998	-	Active	NO
2	U67120DL2000PLC219268	GEE KAY TRADECOM LIMITED	Director	10/11/2000	10/11/2000	-	Active	NO
3	L74899DL1972PLC034022	INDU ENGINEERING AND TEXTILES LIMITED	Director	18/10/2004	18/10/2004	-	Active	NO
4	L24231MH1993PLC233757	SIGRUN HOLDINGS LIMITED	Director	10/12/2004	10/12/2004	02/09/2009	Active	NO

Name :

Mr. Pramod Kumar Agarwal

Designation :

Director

Address :

25/161, Gandhi Nagar, Bye Pass Road, Agra – 282004, Uttar Pradesh, India

Date of Birth/Age :

10.05.1957

Date of Appointment :

14.05.1999

DIN No.:

01469533

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	U27109UP1985PLC007053	SAURABH STEEL LIMITED	Director	25/02/1985	25/02/1985	-	Active	NO
2	U27201UP1986PTC008326	WILSON DIESELS PRIVATE LIMITED	Director	28/10/1986	28/10/1986	-	Active	NO
3	U74899DL1992PTC049814	DABAS HOTELS AND RESORTS PRIVATE LIMITED	Director	27/03/1995	27/03/1995	30/03/2010	Active	NO
4	U24231UP1995PTC017760	GEE KAY GENERATORS PRIVATE LIMITED	Director	27/03/1995	27/03/1995	-	Not Available for eFiling	NO
5	U67190UP1997PTC021285	GEE KAY FINSEC CONSULTANCY PRIVATE LIMITED	Director	16/01/1997	16/01/1997	17/09/2012	Active	NO
6	U67120DL1997PLC086720	A.G. SHARES AND SECURITIES LIMITED	Director	15/04/1997	15/04/1997	-	Active	NO
7	U31103DL1997PTC086869	GEE KAY GENERATORS PRIVATE LIMITED	Director	25/04/1997	25/04/1997	-	Active	NO
8	U70101UP1998PTC023534	GEE KAY REAL ESTATES PRIVATE LIMITED	Director	03/06/1998	03/06/1998	29/03/2010	Active	NO
9	U67190DL1995PTC221031	SEEMA SECURITIES PRIVATE LIMITED	Director	14/05/1999	14/05/1999	-	Active	NO
10	U67120DL2000PLC219268	GEE KAY TRADECOM LIMITED	Director	19/07/2003	19/07/2003	-	Active	NO
11	L74899DL1972PLC034022	INDU ENGINEERING AND TEXTILES LIMITED	Director	15/10/2004	15/10/2004	-	Active	NO
12	U51909DL1989PTC089134	NEW ERA CORPORATE CONSULTANTS PRIVATE LIMITED	Director	30/09/2009	30/06/2009	31/03/2011	Active	NO
13	U45400UP2012PTC052583	KALYANI INFRA PLANNER PRIVATE LIMITED	Director	19/10/2012	19/10/2012	-	Active	NO
14	U74120UP2011PTC043151	KUNAL INFRABUILD PRIVATE LIMITED	Director	15/01/2013	15/01/2013	-	Active	NO
15	U45400UP2013PTC055174	KRISHNARADHIKA INFRA VENTURE PRIVATE LIMITED	Director	22/02/2013	22/02/2013	-	Active	NO
16	U45400UP2013PTC055164	MAA BHAGWATI INFRAHOUSING PRIVATE LIMITED	Director	06/05/2013	06/05/2013	-	Active	NO
17	U74120UP2013PTC059349	CENTER POINT WAREHOUSE PRIVATE LIMITED	Director	03/09/2013	03/09/2013	-	Active	NO
18	U74120UP2013PTC059386	GREEN FRESH STORAGE PRIVATE LIMITED	Director	05/09/2013	05/09/2013	-	Active	NO
19	U45202UP2013PTC061226	DWARKAPATI BUILDTECH PRIVATE LIMITED	Director	13/12/2013	13/12/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Krishna Tiwari
Address :	Chief Executive Officer

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 28.09.2013)

Name of Shareholders	No of Shares
Ajay Kumar Agarwal	30000
Seema Agarwal	79600
Rajesh Tiwari	200
Radhey Shyam Jha	200
Srchana Agarwal	20000
Manju Rani Agarwal	30000
Vidhya Rani Agarwal	120000
Pramod Kumar Agarwal	30000
Vinod Kumar Agrawal	30000
Gee Kay Diesels Private Limited, India	980000
A. G. Shares and Securities Limited, India	680000
Total	2000000

(AS ON 30.09.2013)

Equity Shares Break – up

Category	Percentage
Bodies corporate	83.00
Directors or relatives of directors	17.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Providing Financial Services
Terms :
Selling :	Cash and Credit (30 days)
Purchasing :	Cash and Credit (30 days)

GENERAL INFORMATION

Customers :

Retailers

No. of Employees :

18 (Approximately)

Bankers :

· Canara Bank

Lohamandi, Agra – 282010, Uttar Pradesh, India

· Punjab National Bank

Shahzadi Mandi, Agra – 28201, Uttar Pradesh, India

· Axis Bank

· HDFC Bank

· State Bank of India

· Allahabad Bank

· Bank of India

Facilities :

Date of Charge Creation/ Modification	Charge amount secured	Charge Holder	Address
07/04/2010	700,000.00	CANARA BANK	Loha Mandi, Agra, Uttar Pradesh - 282002, India
08/05/2007	370,000.00	Punjab National Bank	Shahzadi Mandi, Agra, Uttar Pradesh - 282001, India
25/01/2010 *	20,800,000.00	CANARA BANK	Loha MAndi, Agra, Uttar Pradesh - 282002, India
26/12/1998	380,000.00	PUNJAB NATIONAL BANK	Ram Bagh Branch, Agra, Uttar Pradesh, India

Secured Loans	31.03.2014	31.03.2013
	(Rs. In Millions)
Long Term Borrowings
Term Loans from Banks -Canara Bank Car Loan	0.000	0.157
Total	0.000	0.157
Nature of Security Car loan from Canara has been secured against the hypothecation of Car-Flat-Linea Nature of Guarantee Car Loan from directors has been guaranteed by all the directors. Terms of repayments of Term Loans Car loan from Canara Bank is to be paid in equal monthly installments of Rs.0.015 Million.

Banking Relations :	--
Auditors :
Name :	Preeti Jain and Associates Chartered Accountants
Address :	37/363-A Nagla Padi, Dayal Bagh, Agra – 282005, Uttar Pradesh, India
PAN No.:	AAISP8079N
Tel No.:	91-562-3208400/ 4062507
Mobile No.:	91-9837231696
Memberships :	NCDEX and MCX

CAPITAL STRUCTURE

(AS ON 31.03.2014)

Authorised Capital:

No. of Shares	Type	Value	Amount
2000000	Equity Shares	Rs.10/- each	Rs.20.000 Millions

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
2000000	Equity Shares	Rs.10/- each	Rs.20.000 Millions

FINANCIAL DATA

[All figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	20.000	20.000	20.000
(b) Reserves & Surplus	15.695	10.926	10.127
(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)	35.695	30.926	30.127
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.157	0.269
(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	0.000	0.000	0.000
Total Non-current Liabilities (3)	0.000	0.157	0.269
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	106.765	113.142	122.029
(c) Other current liabilities	11.532	27.354	57.450
(d) Short-term provisions	0.306	0.306	0.059
Total Current Liabilities (4)	118.603	140.802	179.538
TOTAL	154.298	171.885	209.934
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.621	0.724	0.865
(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)	0.024	0.031	0.035
(d) Long-term Loan and Advances	1.180	1.181	6.191
(e) Other Non-current assets	3.109	3.109	3.109
Total Non-Current Assets	4.934	5.045	10.200
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	13.605	13.605	13.605
(c) Trade receivables	124.126	140.659	78.476
(d) Cash and cash equivalents	9.130	10.281	105.401
(e) Short-term loans and advances	0.000	0.000	0.000
(f) Other current assets	2.503	2.295	2.252
Total Current Assets	149.364	166.840	199.734
TOTAL	154.298	171.885	209.934

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Revenue from Operations	4.053	2.431	1.080
		Other Income	3.180	2.260	2.409
		TOTAL	7.233	4.691	3.489
Less	EXPENSES
		Employees benefits expense	1.265	1.733	1.309
		Other expenses	1.048	1.685	1.391
		TOTAL	2.313	3.418	2.700
Less	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		4.920	1.273	0.789
Less	FINANCIAL EXPENSES		0.041	0.082	0.120
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		4.879	1.191	0.669
Less/ Add	DEPRECIATION/ AMORTISATION		0.103	0.141	0.359
Add	ADJUSTMENT OF LAST YEAR DEFERRED TAX		0.000	0.000	0.178
	PROFIT/(LOSS) BEFORE TAX		4.776	1.050	0.488
Less	TAX		0.007	0.251	(0.952)
	PROFIT/(LOSS) AFTER TAX		4.769	0.799	1.440
	Earnings Per Share (Rs.)		2.38	0.40	0.72

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
PAT / Total Income	(%)	65.93	17.03	41.27
Net Profit Margin (PBT/Sales)	(%)	117.84	43.19	45.19
Return on Total Assets (PBT/Total Assets}	(%)	3.10	0.61	0.23
Return on Investment (ROI) (PBT/Networth)		0.13	0.03	0.02
Debt Equity Ratio (Total Debt/Networth)		0.00	0.01	0.01
Current Ratio (Current Asset/Current Liability)		1.26	1.18	1.11

FINANCIAL ANALYSIS

[All figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(INR in Mlns.)	(INR in Mlns.)	(INR in Mlns.)
Share Capital	20.000	20.000	20.000
Reserves & Surplus	10.127	10.926	15.695
Net worth	30.127	30.926	35.695
long-term borrowings	0.269	0.157	0.000
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.269	0.157	0.000
Debt/Equity ratio	0.009	0.005	0.000

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(INR in Mlns)	(INR in Mlns)	(INR in Mlns)
Revenue from Operations	1.080	2.431	4.053
		125.093	66.722

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(INR in Mlns)	(INR in Mlns)	(INR in Mlns)
Revenue from Operations	1.080	2.431	4.053
Profit	1.440	0.799	4.769
	133.33%	32.87%	117.67%

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	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
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	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	10053406	08/05/2007	370,000.00	Punjab National Bank	Shahzadi Mandi, Agra, Uttar Pradesh - 282001, India	A16091308
2	90275000	26/12/1998	380,000.00	Punjab National Bank	Ram Bagh Branch, Agra, Uttar Pradesh, India	-

FIXED ASSETS:

· Air Conditioners

· Cellular Phones

· Computer Accounts

· Diesel Generating Sets

· Electric Fittings

· Fax Machine

· Furniture and Fixtures

· Motor Car

· Office Building

· Television

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 records 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.61.34
UK Pound	1	Rs.103.44
Euro	1	Rs.81.96

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	KAR
Report Prepared by :	NIT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
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	4
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	4
--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		30

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.