MIRA INFORM REPORT

Report Date :

17.12.2014

IDENTIFICATION DETAILS

Name :	SURENDRA MINING INDUSTRIES PRIVATE LIMITED
Registered Office :	Weighbridge Road, Barbil, District Keonjhar – 758035, Orissa
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	16.12.1992
Com. Reg. No.:	15-003215
Capital Investment / Paid-up Capital :	Rs.245.733 Millions
CIN No.: [Company Identification No.]	U13203OR1992PTC003215
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAICS1804M
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturers of Sponge Iron.
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

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

Maximum Credit Limit :	USD 1100000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having a satisfactory track record. Management of the company has failed to file its latest financial for the year 2014 with the Government Department. As per Registrar of companies the date of Balance sheet i.e., Financials filed is shown as 31^st March, 2013 but the documents related to the financials for the year 2013 are not available from any sources. Trade relations are reported to be fair. Business is active. Payment terms are reported to be usually correct. The company can be considered 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 – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long Term Rating = BBB-
Rating Explanation	Have moderate degree of safety and carry moderate credit risk
Date	May 28, 2014

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

Management Non Co-operative (91-674-2433177 / 91-9437065585)

LOCATIONS

Registered Office :	Weighbridge Road, Barbil, District Keonjhar – 758035, Orissa, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	snmbbl@sify.com bntassociates@rediffmail.com

DIRECTORS

(AS ON 21.09.2012)

Name :

Mr. Prabodh Mohanty

Designation :

Managing Director

Address :

Station Road, Barbil, Keonjhar – 758035, Orissa, India

Date of Birth/Age :

03.12.1963

Date of Appointment :

16.12.1992

DIN No.:

00674835

PAN No.:

ABHPM1745Q

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	U13203OR1992PTC003215	SURENDRA MINING INDUSTRIES PRIVATE LIMITED.	Managing director	16/12/1992	16/12/1992	-	Active	NO
2	U45201OR1958NPL008546	EASTERN ZONE MINING ASSOCIATION	Director	17/01/1995	17/01/1995	-	Active	NO
3	U13100OR2005PTC008209	KHUNTPANI MINING PRIVATE LIMITED	Director	14/06/2005	14/06/2005	-	Active	NO
4	U51420OR2005PTC008353	MINERAL OVERSEAS PRIVATE LIMITED	Director	19/09/2005	19/09/2005	-	Active	NO
5	U32300OR1987PTC011013	VISHAL METALLICS PRIVATE LIMITED	Director	29/09/2007	01/03/2007	-	Active	NO
6	U70101OR2007PTC009428	SURENDRA ESTATE PRIVATE LIMITED	Managing director	06/07/2007	06/07/2007	-	Active	NO
7	U55101OR2007PTC009471	TREND HOTELS PRIVATE LIMITED	Director	16/08/2007	16/08/2007	-	Active	NO
8	U74899DL1969NPL005064	FEDERATION OF INDIA MINERAL INDUSTRIES	Director	18/08/2009	18/08/2009	-	Active	NO
9	U85100OR2009NPL011422	EZMA FOUNDATION	Director	16/12/2009	16/12/2009	-	Active	NO
10	U31909OR2010PTC011575	ALFA SOLAR TECHNOLOGIES PRIVATE LIMITED	Director	03/07/2010	03/07/2010	-	Active	NO
11	U01403OR2005PTC008295	SURENDRA AGRITECH PRIVATE LIMITED	Director	01/08/2011	01/08/2011	-	Active	NO
12	U92132OR2006PTC008938	LOTUS FILMS PRIVATE LIMITED	Director	27/08/2011	27/08/2011	-	Active	NO
13	U31300OR2012PTC015276	SURENDRA POWERTECH PRIVATE LIMITED	Director	23/04/2012	23/04/2012	-	Active	NO
14	U31300OR1995PLC004111	MUTUAL INSULATED CABLES AND CONDUCTORS LIMITED	Director	01/11/2013	01/11/2013	-	Active	NO

Name :

Mr. Pradipta Kumar Mohanty

Designation :

Director

Address :

26/C, Jayadurga Nagar, Bhubaneshwar, Budheswari, Khurda – 751006, Orissa, India

Date of Birth/Age :

20.07.1960

Date of Appointment :

16.12.1992

DIN No.:

00674776

PAN No.:

ABKPM7377H

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	U13203OR1992PTC003215	SURENDRA MINING INDUSTRIES PRIVATE LIMITED.	Director	16/12/1992	16/12/1992	-	Active	NO
2	U01403OR2005PTC008295	SURENDRA AGRITECH PRIVATE LIMITED	Director	10/08/2005	10/08/2005	-	Active	NO
3	U32300OR1987PTC011013	VISHAL METALLICS PRIVATE LIMITED	Director	02/01/2007	02/01/2007	-	Active	NO
4	U91110OR2005NPL007946	ORISSA SPONGE IRON MANUFACTURERS' ASSOCIATION	Director	29/06/2007	29/06/2007	-	Active	NO
5	U70101OR2007PTC009428	SURENDRA ESTATE PRIVATE LIMITED	Director	06/07/2007	06/07/2007	-	Active	NO
6	U31300OR2012PTC015276	SURENDRA POWERTECH PRIVATE LIMITED	Director	23/04/2012	23/04/2012	-	Active	NO
7	U31300OR1995PLC004111	MUTUAL INSULATED CABLES AND CONDUCTORS LIMITED	Director	22/01/2014	22/01/2014	-	Active	NO

Name :

Mr. Pragati Kumar Mohanty

Designation :

Director

Address :

Station Road, Barbil, Keonjhar – 758035, Orissa, India

Date of Birth/Age :

16.10.1965

Date of Appointment :

16.12.1992

DIN No.:

00674877

PAN No.:

ABHPM1746P

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	U13203OR1992PTC003215	SURENDRA MINING INDUSTRIES PRIVATE LIMITED.	Director	16/12/1992	16/12/1992	-	Active	NO
2	U13100OR2005PTC008209	KHUNTPANI MINING PRIVATE LIMITED	Director	14/06/2005	14/06/2005	-	Active	NO
3	U32300OR1987PTC011013	VISHAL METALLICS PRIVATE LIMITED	Director	29/09/2007	20/03/2007	-	Active	NO
4	U70101OR2007PTC009428	SURENDRA ESTATE PRIVATE LIMITED	Director	06/07/2007	06/07/2007	-	Active	NO
5	U51420OR2005PTC008353	MINERAL OVERSEAS PRIVATE LIMITED	Director	10/04/2008	10/04/2008	-	Active	NO
6	U92132OR2006PTC008938	LOTUS FILMS PRIVATE LIMITED	Director	22/07/2011	01/05/2008	-	Active	NO
7	U31909OR2010PTC011575	ALFA SOLAR TECHNOLOGIES PRIVATE LIMITED	Director	03/07/2010	03/07/2010	-	Active	NO
8	U01403OR2005PTC008295	SURENDRA AGRITECH PRIVATE LIMITED	Director	01/08/2011	01/08/2011	-	Active	NO
9	U31300OR2012PTC015276	SURENDRA POWERTECH PRIVATE LIMITED	Director	23/04/2012	23/04/2012	-	Active	NO

Name :

Mr. Tribikram Mishra

Designation :

Whole time director

Address :

QRS No. B/245, Koelnagar, Rourkela – 769014, Orissa, India

Date of Birth/Age :

15.06.1959

Date of Appointment :

25.03.2013

DIN No.:

06588800

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	U32300OR1987PTC011013	VISHAL METALLICS PRIVATE LIMITED	Whole-time director	25/03/2013	25/03/2013	-	Active	NO
2	U13203OR1992PTC003215	SURENDRA MINING INDUSTRIES PRIVATE LIMITED.	Whole-time director	25/03/2013	25/03/2013	-	Active	NO

MAJOR SHAREHOLDERS

(AS ON 21.09.2012)

Names of Shareholders	No. of Shares
Prabodh Mohanty	842845
Pragati Kumar Mohanty	785245
Dipty Mohanty	149245
Surendra Nath L. Mohanty	50
Kiran Bala L. Mohanty	215
Minati Mohanty	9000
Soma Mohanty	9000
Pradipta Kumar Mohanty	646400
Bicky Sales and Services Private Limited, India	4000
KLA Orchards and Resorts Private Limited, India	1330
Mashusree Finrest private Limited, India	7000
Vee Point Commerce Private Limited, India	3000
Total	2457330

(AS ON 30.09.2012)

Equity Shares Break – up

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturers of Sponge Iron.
Products :	Not Divulged
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Not Divulged
Purchasing :	Not Divulged

PRODUCTION STATUS: Not Available

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

No. of Employees :

Information declined by the management.

Bankers :

Banker Name	IDBI Bank Limited
Branch Address	IDBI House, 2^nd Floor, Janpath, Bhubaneshwar – 751022, Orissa, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Banker Name	Punjab National Bank
Branch Address	Large Corporate Branch, 44 Park Street, Kolkata – 700016, West Bengal, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Banker Name	Axis Bank Limited
Branch Address	Arch Bishop’s House, Satyanagar, Bhubaneswar – 751007, Orissa, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Banker Name	State Bank of India
Branch Address	Barbil Branch, Barbil – 758035, Orissa, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Banker Name	Small Industries Development Bank of India
Branch Address	OCHC Building, 4^th Floor, Janpath, Bhubaneshwar – 751001, Orissa, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

Secured Loans	31.03.2012	31.03.2011
	(Rs. In Millions)
Long Term Borrowings
Rupee Term Loans from Banks	53.704	70.263
Total	53.704	70.263

Auditors :
Name :	BNt and Associates Chartered Accountants
Address :	Plot No. 784/786, Lane-3,Biju Pattnaik College RoadJaydev Vihar, Maharashtra, India
PAN No.:	ABFPT3971P
Memberships :	Not Divulged
Collaborators :	Not Divulged
Associates/Subsidiaries :	Not Divulged

CAPITAL STRUCTURE

AS ON 28.09.2013)

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.100/- each	Rs.500.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
3777330	Equity Shares	Rs.100/- each	Rs.377.733 Millions

(AS ON 21.09.2012)

Authorised Capital :

No. of Shares	Type	Value	Amount
2500000	Equity Shares	Rs.100/- each	Rs.250.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2457330	Equity Shares	Rs.100/- each	Rs.245.733 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	245.733	129.733
(b) Reserves & Surplus	163.631	130.326
(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)	409.364	260.059
(3) Non-Current Liabilities
(a) long-term borrowings	53.704	70.263
(b) Deferred tax liabilities (Net)	6.386	6.689
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	60.090	76.952
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000
(b) Trade payables	58.278	22.447
(c) Other current liabilities	0.000	0.000
(d) Short-term provisions	21.494	20.750
Total Current Liabilities (4)	79.772	43.197
TOTAL	549.226	380.208
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	193.834	166.446
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	106.931	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	32.739	60.449
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000
(e) Other Non-current assets	132.398	59.839
Total Non-Current Assets	465.902	286.734
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	46.909	23.028
(c) Trade receivables	0.000	0.000
(d) Cash and cash equivalents	12.180	57.145
(e) Short-term loans and advances	24.235	13.301
(f) Other current assets	0.000	0.000
Total Current Assets	83.324	93.474
TOTAL	549.226	380.208

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		69.733
2] Share Application Money		0.000
3] Reserves & Surplus		97.409
4] (Accumulated Losses)		0.000
NETWORTH		167.142
LOAN FUNDS
1] Secured Loans		114.540
2] Unsecured Loans		0.000
TOTAL BORROWING		114.540
DEFERRED TAX LIABILITIES		7.211
TOTAL		288.893
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		172.568
Capital work-in-progress		0.000
INVESTMENT		44.320
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	37.634
	Sundry Debtors	27.268
	Cash & Bank Balances	44.505
	Other Current Assets	16.333
	Loans & Advances	1.285
Total Current Assets		127.025
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	50.571
	Other Current Liabilities	2.947
	Provisions	1.502
Total Current Liabilities		55.020
Net Current Assets		72.005
MISCELLANEOUS EXPENSES		0.000
TOTAL		288.893

PROFIT & LOSS ACCOUNT

PARTICULARS	31.03.2012	31.03.2011	31.03.2010
TURNOVER	634.800	538.800	NA
NET PROFIT	33.300	51.961	NA

KEY RATIOS

PARTICULARS	31.03.2012	31.03.2011	31.03.2010
Debt Equity Ratio (Total Debt/Networth)	0.13	0.27	0.69
Current Ratio (Current Asset/Current Liability)	1.04	2.16	2.31

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012
	(Rs. In Millions)	(Rs. In Millions)
Share Capital	129.733	245.733
Reserves & Surplus	130.326	163.631
Net worth	260.059	409.364
long-term borrowings	70.263	53.704
Short term borrowings	0.000	0.000
Total borrowings	70.263	53.704
Debt/Equity ratio	0.270	0.131

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012
	(Rs. In Millions)	(Rs. In Millions)
Sales	538.8	634.8
		17.817

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 two years	Yes
12]	Profitability for last two 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

WORKING RESULT:

During the year the Company has able to achieve the turnover of Rs.634.800 Millions. After charging all other expenses the net surplus after tax is amounting of Rs.33.300 Millions. The work of SMS Plant and Power Plant is in progress. The company expects generation of power through its 12 MW Power Plant during this financial year. Better business growth is expected in coming years because of Power Plant.

VIEW INDEX OF CHARGES

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10378603	18/03/2014 *	42,100,000.00	IDBI Bank Limited	IDBI Bank Limited, 2ND FLOOR, IDBI HOUSE, JANPATH, UNIT-9, BHUBANESWAR, Orissa - 751022, INDIA	C02309490
2	10300781	27/01/2012 *	750,000,000.00	PUNJAB NATIONAL BANK	LARGE CORPORATE BRANCH, 44 PARK STREET, KOLKATA, West Bengal - 700016, INDIA	B34261966
3	10279098	17/03/2011	96,000,000.00	AXIS BANK LTD	ARCH BISHOP'S HOUSE, SATYANAGAR, BHUBANESWAR, Orissa - 751007, INDIA	B10232510
4	10167835	29/07/2009	5,000,000.00	SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA	OCHC BUILDING, 4TH FLOOR, JANPATH, BHUBANESWAR, Orissa - 751001, INDIA	A66354234
5	10167838	29/07/2009	5,000,000.00	SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA	OCHC BUILDING, 4TH FLOOR, JANPATH, BHUBANESWAR, Orissa - 751001, INDIA	A66354481
6	10138349	23/12/2008	140,000,000.00	AXIS BANK LTD	BARBIL BRANCH, BARBIL, Orissa - 758035, INDIA	A54679394
7	80037094	22/06/2005	1,990,000.00	CITICORP FINANCE (INDIA) LTD.	SHANTINIKETAN, 3RD FLOOR, MAIN ROAD, BISTUPUR, JAMSEDPUR, Bihar - 831001, INDIA	-
8	80037092	12/09/2009 *	57,000,000.00	STATE BANK OF INDIA	BARBIL BRANCH, BARBIL, BARBIL, Orissa - 758035, INDIA	A72352412
9	80037093	02/12/2009 *	120,500,000.00	SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA	OCHC BUILDING 4TH FLOOR, JANPATH, BHUBANESHWAR, Orissa - 751001, INDIA	A74272253

* Date of charge modification

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. 63.41
UK Pound	1	Rs. 99.31
Euro	1	Rs. 79.00

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	RAS
Report Prepared by :	TRU

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION		0
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		47

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.