1. Summary Information

		Country	India
Company Name	ROMSONS SCIENTIFIC AND SURGICAL INDUSTRIES PRIVATE LIMITED	Principal Name 1	Mr. Lalit Narain Khanna
Status	Satisfactory	Principal Name 2	Mr. Vijay Kumar Khanna
		Registration #	20-004511
Street Address	63 , Industrial Estate, Nunhai Agra – 282006, Uttar Pradesh
Date of Established	28.11.1977	SIC Code	--
Telephone#	91-562-2280720	Business Style 1	Manufacturer
Fax #	91-562-2280700	Business Style 2	--
Homepage	--	Product Name 1	--
# of employees	Information declined by the management.	Product Name 2	--
Paid up capital	Rs.9,600,000/-	Product Name 3	--
Shareholders	Directors or relatives of directors – 100%	Banking	Canara Bank
Public Limited Corp.	NO	Business Period	37 Years
IPO	NO	International Ins.	-
Public Enterprise	NO	Rating	Ba (50)
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	365,083,000	Current Liabilities	75,738,000
Inventories	301,020,000	Long-term Liabilities	127,025,000
Fixed Assets	319,394,000	Other Liabilities	156,495,000
Deferred Assets	0,000	Total Liabilities	359,258,000
Invest& other Assets	61,020,000	Retained Earnings	677,659,000
		Net Worth	687,259,000
Total Assets	1046,517,000	Total Liab. & Equity	1046,517,000
Total Assets (Previous Year)	870,884,000
P/L Statement as of	31.03.2013		(Unit: Indian Rs.)
Total Income	1241,900,000	Net Profit	218,273,000
Total Income (Previous yr)	971,400,000	Net Profit(Prev.yr)	163,187,000

MIRA INFORM REPORT

Report Date :

25.08.2014

IDENTIFICATION DETAILS

Name :	ROMSONS SCIENTIFIC AND SURGICAL INDUSTRIES PRIVATE LIMITED
Registered Office :	63 , Industrial Estate, Nunhai Agra – 282006, Uttar Pradesh
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	28.11.1977
Com. Reg. No.:	20-004511
Capital Investment / Paid-up Capital :	Rs. 9.600 Million
CIN No.: [Company Identification No.]	U24236UP1977PTC004511
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in Manufactures Scientific and Surgical Instruments and other products and items of plastic and other material and substances required by Hospitals, Laboratories Schools and Colleges.
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 2700000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. Financial position of the company is good. Trade relations are reported as fair. Business is active. Payment terms are reported to be usually correct. The company can be considered normal for business dealings at usual trade terms and conditions.

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.

INFORMATION DENIED BY

Management non cooperative (91-562-2280720)

LOCATIONS

Registered Office :	63 , Industrial Estate, Nunhai Agra – 282006, Uttar Pradesh, India
Tel. No.:	91-562-2280720
Fax No.:	91-562-2280700
E-Mail :	arvindrallan@gmail.com
Corporate Office :	4/1 East Patel Nagar New Delhi – 110008, India
Tel. No.:	91-11-25762810 / 25786334
Fax No.:	91-11-25824997
E-Mail :	sales@romsons.com

DIRECTORS

As on 30.09.2013

Name :

Ms. Aruna Khanna

Designation :

Whole Time Director

Address :

98, Bharatpur House, Agra – 282002, Uttar Pradesh, India

Date of Birth/Age :

30.10.1939

Date of Appointment :

01.03.1981

DIN No.:

00107556

Name :

Mr. Lalit Narain Khanna

Designation :

Whole Time Director

Address :

22, Bagh Farzana, Civil Lines, Agra – 282002, Uttar Pradesh, India

Date of Birth/Age :

01.07.1954

Date of Appointment :

01.05.1990

DIN No.:

00107978

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	U24236UP1977PTC004511	ROMSONS SCIENTIFIC AND SURGICAL INDUSTRIES PRIVATE LIMITED	Director	01/05/1990	01/05/1990	-	Active	NO
2	U24232UP2006PTC032097	R.G.I. MEDITECH PRIVATE LIMITED	Director	04/07/2006	04/07/2006	-	Active	NO
3	U85120DL2006PTC153538	ROSELAND HOSPITALS PRIAVTE LIMITED	Director	12/09/2006	12/09/2006	-	Active	NO
4	U72300UP2010PTC040689	RLK BPO SERVICES PRIVATE LIMITED	Director	19/05/2010	19/05/2010	-	Active	NO
5	U33111UP2013PTC059662	ROSSMAX MANUFACTURING COMPANY PRIVATE LIMITED	Director	20/09/2013	20/09/2013	-	Active	NO

Name :

Mr. Vijay Kumar Khanna

Designation :

Whole Time director

Address :

4, Gulmohar Vatika, Shitla Road, Mau Road, Agra - 282002

Date of Birth/Age :

05.06.1943

Date of Appointment :

01.05.1990

DIN No.:

00108067

Name :

Mr. Kishore Narain Khanna

Designation :

Whole Time director

Address :

B- 7 Lawyers Colony, Agra – 282005, Uttar Pradesh, India

Date of Birth/Age :

02.07.1952

Date of Appointment :

12.10.1989

DIN No.:

00108143

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	U24236UP1977PTC004511	ROMSONS SCIENTIFIC AND SURGICAL INDUSTRIES PRIVATE LIMITED	Managing director	12/10/1989	12/10/1989	-	Active	NO
2	U24232UP2006PTC032097	R.G.I. MEDITECH PRIVATE LIMITED	Director	04/07/2006	04/07/2006	-	Active	NO
3	U85120DL2006PTC153538	ROSELAND HOSPITALS PRIAVTE LIMITED	Director	12/09/2006	12/09/2006	-	Active	NO
4	U72300UP2010PTC040689	RLK BPO SERVICES PRIVATE LIMITED	Director	19/05/2010	19/05/2010	-	Active	NO
5	U33111UP2013PTC059662	ROSSMAX MANUFACTURING COMPANY PRIVATE LIMITED	Director	20/09/2013	20/09/2013	-	Active	NO

Name :

Mr. Rakesh Narain Khanna

Designation :

Whole Time director

Address :

H – 455 Basement GF, New Rajendra Nagar, New Delhi – 110060, Delhi, India

Date of Birth/Age :

13.09.1958

Date of Appointment :

01.05.1990

DIN No.:

00108227

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	U24236UP1977PTC004511	ROMSONS SCIENTIFIC AND SURGICAL INDUSTRIES PRIVATE LIMITED	Director	01/05/1990	01/05/1990	-	Active	NO
2	U24232UP2006PTC032097	R.G.I. MEDITECH PRIVATE LIMITED	Director	04/07/2006	04/07/2006	-	Active	NO
3	U85120DL2006PTC153538	ROSELAND HOSPITALS PRIAVTE LIMITED	Director	12/09/2006	12/09/2006	-	Active	NO
4	U72300UP2010PTC040689	RLK BPO SERVICES PRIVATE LIMITED	Director	19/05/2010	19/05/2010	-	Active	NO
5	U33111UP2013PTC059662	ROSSMAX MANUFACTURING COMPANY PRIVATE LIMITED	Director	20/09/2013	20/09/2013	-	Active	NO

Name :

Saourabh Khanna

Designation :

Whole Time director

Address :

B- 7, Lawyers colony, Bye Pass Road, Agra – 282005, Uttar Pradesh, India

Date of Birth/Age :

10.12.1980

Date of Appointment :

28.09.2012

DIN No.:

02453162

Name :

Mr. Neeraj Khanna

Designation :

Whole Time director

Address :

F- 1 / 2, Nirbhay Nagar, Gailana Road, Agra – 282005, Uttar Pradesh, India

Date of Birth/Age :

25.05.1975

Date of Appointment :

29.09.2008

DIN No.:

02468814

Name :

Mr. Rohit Khanna

Designation :

Whole Time director

Address :

22, Bagh Farzana, Civil Lines, Agra – 282002, Uttar Pradesh

Date of Birth/Age :

01.10.1985

Date of Appointment :

30.09.2013

DIN No.:

06507901

Name :

Mr. Sahil Khanna

Designation :

Whole Time director

Address :

B- 7, Lawyers Colony, Agra – 282005, Uttar Pradesh, India

Date of Birth/Age :

25.08.1988

Date of Appointment :

30.09.2013

DIN No.:

06507905

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	U24236UP1977PTC004511	ROMSONS SCIENTIFIC AND SURGICAL INDUSTRIES PRIVATE LIMITED	Director	30/09/2013	01/04/2013	-	Active	NO
2	U24232UP2006PTC032097	R.G.I. MEDITECH PRIVATE LIMITED	Director	30/09/2013	03/09/2013	-	Active	NO

Name :

Mr. Mohit Khanna

Designation :

Whole Time director

Address :

22, Bagh Farzana, Civil Lines, Agra – 282002, Uttar Pradesh, India

Date of Birth/Age :

01.10.1985

Date of Appointment :

30.09.2013

DIN No.:

06507908

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

Names of Shareholders	No. of Shares
Mr Kishore Narain Khanna	2655
Mr. Lalit Narain Khanna	2700
Mr. Rakesh Narain Khanna	2700
Smt. Arvind Khanna	780
Smt. Manju Khanna	45
Smt. Uma Mehra	15
K. N. Khanna (HUF)	225
Kishore Narain Khanna (HUF)	120
Lalit Narain Khanna (HUF)	120
Rakesh Narain Khanna (HUF)	120
Rohit Khanna	120
Total	9600

As on 30.09.2013

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 :

Subject is engaged in Manufactures Scientific and Surgical Instruments and other products and items of plastic and other material and substances required by Hospitals, Laboratories Schools and Colleges.

Products :

Products Description	ITC Code No.
Medical Devices	9018
Medical Devices	90179029

GENERAL INFORMATION

No. of Employees :

Information declined by the management.

Bankers :

Canara Bank, Overseas Branch, Sanjay Place, Agra – 282002, Uttar Pradesh, India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2013	As on 31.03.2012
SHORT TERM BORROWING
Borrowing	6.648	8.688
Total	6.648	8.688

Banking Relations :	---
Auditors :
Name :	R. S. Mehta and Company Chartered Accountant
Address :	3/205-206, Prem Nagar, Dayal Bagh, Agra, Uttar Pradesh, India
PAN No.:	AEYPM2125A
Associates/Subsidiaries :	· Rajvijay Corporation · Rennex Medicals · Romeck Enterprises · Romsons International · Ross Med Corporation · Romsons Medicons · Romsons Juniors

CAPITAL STRUCTURE

As on 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
20000	Equity Shares	Rs.1000/- each	Rs. 20.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
9600	Equity Shares	Rs.1000/- each	Rs. 9.600 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	9.600	9.600	9.600
(b) Reserves & Surplus	677.659	548.941	475.552
(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)	687.259	558.541	485.152
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	13.974	21.984	11.152
(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)	13.974	21.984	11.152
(4) Current Liabilities
(a) Short term borrowings	127.025	98.243	66.126
(b) Trade payables	32.251	9.384	9.441
(c) Other current liabilities	43.487	36.733	28.029
(d) Short-term provisions	142.521	145.999	92.215
Total Current Liabilities (4)	345.284	290.359	195.811
TOTAL	1046.517	870.884	692.115
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	316.737	262.279	175.813
(ii) Intangible Assets	2.657	3.352	4.797
(iii) Capital work-in-progress	61.020	24.995	24.157
(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)	0.000	0.000	0.000
(d) Long-term Loan and Advances	16.789	12.716	5.009
(e) Other Non-current assets	82.194	119.153	114.682
Total Non-Current Assets	479.397	422.495	324.458
(2) Current assets
(a) Current investments	0.000	0.000	0.103
(b) Inventories	301.020	218.956	204.079
(c) Trade receivables	90.685	52.221	56.140
(d) Cash and cash equivalents	45.510	64.209	7.080
(e) Short-term loans and advances	122.311	97.945	89.585
(f) Other current assets	7.594	15.058	10.670
Total Current Assets	567.120	448.389	367.657
TOTAL	1046.517	870.884	692.115

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	1241.900	971.400	787.100
		Other Income	NA	NA	NA
		TOTAL (A)	NA	NA	NA
Less	TOTAL EXPENSES		NA	NA	NA
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		351.047	281.629	231.769
Less/ Add	DEPRECIATION/ AMORTISATION (F)		44.113	30.246	22.441
	PROFIT BEFORE TAX (E-F) (G)		306.934	251.383	209.328
Less	TAX (H)		88.661	88.196	81.650
	PROFIT AFTER TAX (G-H) (I)		218.273	163.187	127.678
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		12.631	8.702	4.424
Less	APPROPRIATIONS
		Transfer to General Reserve	76.800	70.000	85.000
		Dividend	12.756	76.800	38.400
		Tax on Dividend	15.810	12.458	0.000
	BALANCE CARRIED TO THE B/S		125.538	12.631	8.702
	Earnings Per Share (Rs.)		22736.7	NA	NA

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Net Profit Margin (PBT/Sales)	(%)	24.71	25.88	26.59
Return on Total Assets (PBT/Total Assets}	(%)	29.32	28.86	30.24
Return on Investment (ROI) (PBT/Networth)		0.45	0.45	0.43
Debt Equity Ratio (Total Debt /Networth)		0.18	0.18	0.14
Current Ratio (Current Asset/Current Liability)		1.64	1.54	1.88

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	9.600	9.600	9.600
Reserves & Surplus	475.552	548.941	677.659
Net worth	485.152	558.541	687.259
long-term borrowings	0.000	0.000	0.000
Short term borrowings	66.126	98.243	127.025
Total borrowings	66.126	98.243	127.025
Debt/Equity ratio	0.136	0.176	0.185

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	787.100	971.400	1241.900
		23.415	27.846

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	787.100	971.400	1241.900
Profit	127.678	163.187	218.273
	16.22%	16.80%	17.58%

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	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	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	----------------------
22]	Litigations that the firm / promoter involved in	----------------------
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	----------------------
26]	Buyer visit details	----------------------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

UNSECURED LOAN

(Rs. In Millions)

Particulars	As on 31.03.2013	As on 31.03.2012
SHORT TERM BORROWING
Borrowing	98.963	70.138
Borrowing	21.414	19.416
Total	120.377	89.554

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10432561	24/04/2013	148,500,000.00	CANARA BANK	OVERSEAS BRANCH, SANJAY PLACE, AGRA, Uttar Pradesh - 282002, INDIA	B77706984
2	90272058	10/03/1998	5,000,000.00	STATE BANK OF INDIA	NUNHAI, AGRA, Uttar Pradesh, INDIA	-
3	90269109	23/08/1999 *	4,374,000.00	STATE BANK OF INDIA	NUNHAI, AGRA, Uttar Pradesh, INDIA	-

* Date of charge modification

FIXED ASSETS

· Land

· Building

· Factory Building

· Plant and 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.60.43
UK Pound	1	Rs.100.23
Euro	1	Rs.80.35

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	DIV
Report Prepared by :	ART

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		50

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.