MIRA INFORM REPORT

Report Date :

02.07.2014

IDENTIFICATION DETAILS

Name :	DIOR PROPERTIES AND INVESTMENTS PRIVATE LIMITED

Registered Office :	2C, Easdale Enclave, 111/2, Sterling Road, Nungambakkam, Chennai – 600 034, Tamilnadu

Country :	India

Financials (as on) :	31.03.2013

Date of Incorporation :	08.09.1994

Com. Reg. No.:	18-028552

Capital Investment / Paid-up Capital :	Rs.1.000 million

CIN No.: [Company Identification No.]	U70101TN1994PTC028552

Legal Form :	Private Limited Liability Company

Line of Business :	Property Developer.

No. of Employees :	Information declined by the Management.

RATING & COMMENTS

MIRA’s Rating :

Ca (14)

RATING

STATUS

PROPOSED CREDIT LINE

11-25

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

Limited with full security

Status :	Moderate

Payment Behaviour :	Slow

Litigation :	Clear

Comments :	Subject is an established company having moderate track record. The company is continuously incurring losses which has resulted into fully erosion of networth. However, business is active. Payment terms are reported to be slow. The company can be considered for business dealings on a secured 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 – March 31, 2014

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

India

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

INDIAN ECONOMIC OVERVIEW

NEWS

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

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

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

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

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

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

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

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

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

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

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION DECLINED BY

Name :	Ms. Shanthi
Designation :	Accounts Executive
Contact No.:	91-44-28220034
Date :	30.06.2014

LOCATIONS

Registered Office :	2C, Easdale Enclave, 111/2, Sterling Road, Nungambakkam, Chennai – 600 034, Tamilnadu, India
Tel. No.:	91-44-28220034/ 28219987
Fax No.:	Not Available
E-Mail :	info@diorproperty.com diorproperty@bsnl.in

DIRECTORS

AS ON 30.09.2013

Name :

Ms. Vidya Nataraj

Designation :

Director

Address :

A2, Alankar Apartments, 12, Raman Street, T. Nagar, Chennai – 600 017, Tamilnadu, India

Date of Birth/Age :

04.07.1981

Date of Appointment :

03.09.2005

DIN No.:

00663022

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	U70101TN2005PTC056914	GAMMA REALTY PRIVATE LIMITED	Director	14-07-2005	14-07-2005	-	Active	NO
2	U70101TN2005PTC056913	PRISTINE REALTY PRIVATE LIMITED	Director	14-07-2005	14-07-2005	-	Active	NO
3	U70101TN2005PTC056924	ZULU REALTY PRIVATE LIMITED	Director	14-07-2005	14-07-2005	-	Active	NO
4	U70101TN1994PTC028552	DIOR PROPERTIES AND INVESTMENTS PRIVATE LIMITED	Director	03-09-2005	03-09-2005	-	Active	NO
5	U65993TN2005PTC058285	DIOR2 INVESTMENT PRIVATE LIMITED	Director	12-12-2005	12-12-2005	-	Active	NO
6	U70101TN2005PTC058284	DIOR 1 REALTY PRIVATE LIMITED	Director	12-12-2005	12-12-2005	-	Active	NO
7	U70101TN2005PTC056915	BETA REALTY PRIVATE LIMITED	Director	08-11-2006	08-11-2006	-	Active	NO
8	U55102TN2008PTC067468	DIOR SERVICED APARTMENTS PRIVATE LIMITED	Director	18-09-2009	13-03-2009	-	Active	NO
9	U45200TN2008PTC067401	DIOR 3 IT PARK PRIVATE LIMITED	Director	18-09-2009	18-09-2009	-	Active	NO
10	U45200TN2008PTC067392	DIOR HOUSING PRIVATE LIMITED	Director	18-09-2009	18-09-2009	-	Active	NO
11	U18101TN1994PLC027226	WINTER TRENDS (INDIA) LIMITED	Director	29-09-2010	30-11-2009	-	Active	NO
12	U72900KA2011PTC059678	BLUESTONE JEWELLERY AND LIFESTYLE PRIVATE LIMITED	Additional director	31-10-2011	31-10-2011	01-07-2013	Active	NO
13	U18204KA2012PTC066352	CAMDEN APPAREL SOLUTIONS PRIVATE LIMITED	Director	18-10-2012	18-10-2012	-	Active	NO
14	U70102TN2014PTC094539	DIOR 6 RESIDENCES PRIVATE LIMITED	Director	10-01-2014	10-01-2014	-	Active	NO
15	U70200TN2014PTC094647	DIOR 5 HOMES PRIVATE LIMITED	Director	21-01-2014	21-01-2014	-	Active	NO

Name :

Mr. Vikram Nataraj

Designation :

Director

Address :

A2, Alankar Apartments, 12, Raman Street, T. Nagar, Chennai – 600 017, Tamilnadu, India

Date of Birth/Age :

02.10.1979

Date of Appointment :

03.09.2005

DIN No.:

00663144

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	U70101TN2005PTC056914	GAMMA REALTY PRIVATE LIMITED	Director	14-07-2005	14-07-2005	-	Active	NO
2	U70101TN2005PTC056915	BETA REALTY PRIVATE LIMITED	Director	03-09-2005	03-09-2005	-	Active	NO
3	U70101TN1994PTC028552	DIOR PROPERTIES AND INVESTMENTS PRIVATE LIMITED	Director	03-09-2005	03-09-2005	-	Active	NO
4	U70101TN2005PTC056924	ZULU REALTY PRIVATE LIMITED	Director	10-10-2006	10-10-2006	-	Active	NO
5	U70101TN2005PTC056913	PRISTINE REALTY PRIVATE LIMITED	Director	10-10-2006	10-10-2006	-	Active	NO
6	U65993TN2005PTC058285	DIOR2 INVESTMENT PRIVATE LIMITED	Director	10-10-2006	10-10-2006	-	Active	NO
7	U70101TN2005PTC058284	DIOR 1 REALTY PRIVATE LIMITED	Director	10-10-2006	10-10-2006	-	Active	NO
8	U45200TN2008PTC067401	DIOR 3 IT PARK PRIVATE LIMITED	Director	18-09-2009	18-09-2009	-	Active	NO
9	U45200TN2008PTC067392	DIOR HOUSING PRIVATE LIMITED	Director	18-09-2009	18-09-2009	-	Active	NO
10	U55102TN2008PTC067468	DIOR SERVICED APARTMENTS PRIVATE LIMITED	Director	18-09-2009	18-09-2009	-	Active	NO
11	U18101TN1994PLC027226	WINTER TRENDS (INDIA) LIMITED	Director	29-09-2010	30-11-2009	-	Active	NO
12	U36101TN1997PTC039509	FINE IMPRESSIONS PRIVATE LIMITED	Director	30-09-2013	09-10-2012	-	Active	NO
13	U70102TN2014PTC094539	DIOR 6 RESIDENCES PRIVATE LIMITED	Director	10-01-2014	10-01-2014	-	Active	NO
14	U70200TN2014PTC094647	DIOR 5 HOMES PRIVATE LIMITED	Director	21-01-2014	21-01-2014	-	Active	NO

Name :

Mr. Nataraj Ramaiah

Designation :

Managing Director

Address :

A2, Alankar Apartments, 12, Raman Street, T. Nagar, Chennai – 600 017, Tamilnadu, India

Date of Birth/Age :

21.10.1950

Date of Appointment :

08.09.1994

DIN No.:

00667180

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	U51101TN1984PTC010598	KRISH ENTERPRISES PRIVATE LIMITED	Director	01-04-1989	01-04-1989	27-11-2007	Active	NO
2	U70101TN1994PTC028552	DIOR PROPERTIES AND INVESTMENTS PRIVATE LIMITED	Managing director	08-09-1994	08-09-1994	-	Active	NO
3	U70101TN2005PTC056914	GAMMA REALTY PRIVATE LIMITED	Managing director	14-07-2005	14-07-2005	-	Active	NO
4	U70101TN2005PTC056915	BETA REALTY PRIVATE LIMITED	Managing director	14-07-2005	14-07-2005	-	Active	NO
5	U70101TN2005PTC056924	ZULU REALTY PRIVATE LIMITED	Managing director	14-07-2005	14-07-2005	-	Active	NO
6	U70101TN2005PTC056913	PRISTINE REALTY PRIVATE LIMITED	Managing director	14-07-2005	14-07-2005	-	Active	NO
7	U70101TN2005PTC058284	DIOR 1 REALTY PRIVATE LIMITED	Managing director	12-12-2005	12-12-2005	-	Active	NO
8	U65993TN2005PTC058285	DIOR2 INVESTMENT PRIVATE LIMITED	Managing director	12-12-2005	12-12-2005	-	Active	NO
9	U45200TN2008PTC067392	DIOR HOUSING PRIVATE LIMITED	Whole-time director	17-04-2008	17-04-2008	-	Active	NO
10	U45200TN2008PTC067401	DIOR 3 IT PARK PRIVATE LIMITED	Whole-time director	17-04-2008	17-04-2008	-	Active	NO
11	U55102TN2008PTC067468	DIOR SERVICED APARTMENTS PRIVATE LIMITED	Whole-time director	24-04-2008	24-04-2008	-	Active	NO
12	U18101TN1994PLC027226	WINTER TRENDS (INDIA) LIMITED	Director	29-09-2010	30-11-2009	-	Active	NO
13	U74900TN2011PTC078690	DIOR 4 PROPERTIES PRIVATE LIMITED	Director	04-01-2011	04-01-2011	-	Active	NO
14	U70109TN2012PTC084982	ASV DIOR HOUSING AND HOSPITALITY PRIVATE LIMITED	Director	16-03-2012	16-03-2012	-	Active	NO
15	U36101TN1997PTC039509	FINE IMPRESSIONS PRIVATE LIMITED	Director	30-09-2013	09-10-2012	-	Active	NO
16	U70102TN2014PTC094539	DIOR 6 RESIDENCES PRIVATE LIMITED	Director	10-01-2014	10-01-2014	-	Active	NO
17	U70200TN2014PTC094647	DIOR 5 HOMES PRIVATE LIMITED	Director	21-01-2014	21-01-2014	-	Active	NO

Name :

Mrs. Sashilekha Nataraj Ramaiah

Designation :

Director

Address :

A2, Alankar Apartments, 12, Raman Street, T. Nagar, Chennai – 600 017, Tamilnadu, India

Date of Birth/Age :

07.01.1951

Date of Appointment :

05.11.2005

DIN No.:

01245730

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	U70101TN1994PTC028552	DIOR PROPERTIES AND INVESTMENTS PRIVATE LIMITED	Director	05-11-2005	05-11-2005	-	Active	NO
2	U70101TN2005PTC056924	ZULU REALTY PRIVATE LIMITED	Director	10-10-2006	10-10-2006	-	Active	NO
3	U65993TN2005PTC058285	DIOR2 INVESTMENT PRIVATE LIMITED	Director	10-10-2006	10-10-2006	-	Active	NO
4	U70101TN2005PTC056913	PRISTINE REALTY PRIVATE LIMITED	Director	10-10-2006	10-10-2006	-	Active	NO
5	U70101TN2005PTC058284	DIOR 1 REALTY PRIVATE LIMITED	Director	10-10-2006	10-10-2006	-	Active	NO
6	U45200TN2008PTC067401	DIOR 3 IT PARK PRIVATE LIMITED	Director	17-04-2008	17-04-2008	-	Active	NO
7	U45200TN2008PTC067392	DIOR HOUSING PRIVATE LIMITED	Director	17-04-2008	17-04-2008	-	Active	NO
8	U55102TN2008PTC067468	DIOR SERVICED APARTMENTS PRIVATE LIMITED	Director	24-04-2008	24-04-2008	-	Active	NO
9	U18101TN1994PLC027226	WINTER TRENDS (INDIA) LIMITED	Director	29-09-2010	30-11-2009	-	Active	NO
10	U74900TN2011PTC078690	DIOR 4 PROPERTIES PRIVATE LIMITED	Director	04-01-2011	04-01-2011	-	Active	NO
11	U70102TN2014PTC094539	DIOR 6 RESIDENCES PRIVATE LIMITED	Director	10-01-2014	10-01-2014	-	Active	NO
12	U70200TN2014PTC094647	DIOR 5 HOMES PRIVATE LIMITED	Director	21-01-2014	21-01-2014	-	Active	NO

KEY EXECUTIVES

Name :	R. Kanakadurga
Designation :	Company Secretary
Address :	No.16, Bharathiyar Street, Thiruvalluvar Nagar, Pattabiram, Chennai – 600 072, Tamilnadu, India
Mobile No.:	91-9789030083
E-Mail :	durgacs.07@gmail.com

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2013

Names of Shareholders		No. of Shares
Nataraj Ramaiah		9999
Sashilekha Nataraj Ramaiah		1
Total		10000

AS ON 30.09.2013

Equity Share Breakup		Percentage of Holding
Category
Directors or relatives of directors		100.00

BUSINESS DETAILS

Line of Business :

Property Developer.

GENERAL INFORMATION

No. of Employees :	Information declined by the Management.

Bankers :	UCO Bank Syndicate Bank Citi Bank HDFC Bank Limited Indian Overseas Bank The Hongkong and Shanghai Banking Corporation Limited

Facilities :	--


Banking Relations :	--

Auditors :
Name :	Christopher John and Company Chartered Accountants
Address :	Plot No.1594, ‘Y’ Block, 3^rd Street, 13^th Main Road, Anna Nagar West, Chennai – 600 040, Tamilnadu, India
Tel. No.:	91-44-26204956
Fax No.:	91-44-26204525
E-Mail :	cjtheca@yahoo.com
PAN No.:	AAAFC0375N

CAPITAL STRUCTURE

AS ON 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.100/- each	Rs.1.000 million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.100/- each	Rs.1.000 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	1.000	1.000	1.000
(b) Reserves & Surplus	(14.426)	(6.589)	(2.040)
(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)	(13.426)	(5.589)	(1.040)

(3) Non-Current Liabilities
(a) Long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	99.199	78.555	77.571
(d) Long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	99.199	78.555	77.571

(4) Current Liabilities
(a) Short term borrowings	3.829	3.829	3.829
(b) Trade payables	0.000	0.000	0.000
(c) Other current liabilities	0.001	17.637	9.752
(d) Short-term provisions	0.105	0.699	0.691
Total Current Liabilities (4)	3.935	22.165	14.272

TOTAL	89.708	95.131	90.803

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	19.613	19.663	21.238
(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)	0.000	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	19.613	19.663	21.238

(2) Current assets
(a) Current investments	52.833	53.040	43.541
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	2.223	2.243	8.435
(e) Short-term loans and advances	11.793	17.596	14.977
(f) Other current assets	3.246	2.589	2.612
Total Current Assets	70.095	75.468	69.565

TOTAL	89.708	95.131	90.803

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	5.909	5.515	5.776
		Other Income
		TOTAL	5.909	5.515	5.776

Less	EXPENSES
		Office Expenses	11.450	7.213	8.863
		Administrative Expenses
		Advertising Expenses
		TOTAL	11.450	7.213	8.863 (including depreciation)

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		(5.541)	(1.698)

Less/ Add	DEPRECIATION/ AMORTISATION		1.553	1.664

	PROFIT / (LOSS) BEFORE TAX		(7.094)	(3.362)	(3.087)

Less	TAX		1.203	1.187	1.138

	PROFIT / (LOSS) AFTER TAX		(8.297)	(4.549)	(4.225)

	Earnings / (Loss) Per Share (Rs.)		(829.70)	(454.90)	NA

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	(140.41)	(82.48)	(73.15)

Return on Total Assets (PBT/Total Assets}	(%)	(7.91)	(3.53)	(3.40)

Return on Investment (ROI) (PBT/Networth)		0.53	0.60	2.97

Debt Equity Ratio (Total Debt/Networth)		(0.29)	(0.69)	(3.68)

Current Ratio (Current Asset/Current Liability)		17.81	3.40	4.87

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(INR in Mlns.)	(INR in Mlns.)	(INR in Mlns.)
Share Capital	1.000	1.000	1.000
Reserves & Surplus	(2.040)	(6.589)	(14.426)
Share Application money pending allotment	0.000	0.000	0.000
Net worth	(1.040)	(5.589)	(13.426)

Long-term borrowings	0.000	0.000	0.000
Short term borrowings	3.829	3.829	3.829
Total borrowings	3.829	3.829	3.829
Debt/Equity ratio	(3.682)	(0.685)	(0.285)

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(INR in Mlns)	(INR in Mlns)	(INR in Mlns)
Total Income	5.776	5.515	5.909
		(4.519)	7.144

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(INR in Mlns)	(INR in Mlns)	(INR in Mlns)
Total Income	5.776	5.515	5.909
Profit	(4.225)	(4.549)	(8.297)
	(73.15%)	(82.48%)	(140.41%)

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	No
4]	Premises details	Yes
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	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	Yes
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]	PAN of Proprietor/Partner/Director, if available	No
32]	Date of Birth of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

Unsecured Loans	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
SHORT TERM BORROWING
Rental Advance-Land Mark	3.829	3.829
Total	3.829	3.829

Notes:

· The registered office of the company has been shifted from A2, Alankara Apartments, 12, Raman Street, T. Nagar, Chennai – 600 017, Tamilnadu to the present address w.e.f. 20.12.2006.

· No Charges Exist for Company.

FIXED ASSETS:

· Premises

· Computers

· Air Conditioners

· Phone

· Furniture

· Office Equipments

· Vehicles

· Typewriter

· Invertor

· Printer

· UPS

· FA-Batteries

· FA-UPS-2Kva

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.60.09
UK Pound	1	Rs.102.40
Euro	1	Rs.81.88

INFORMATION DETAILS

Information Gathered by :	PLK

Analysis Done by :	DIV

Report Prepared by :	SMN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILIRY	1~10	-
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	2
--RESERVES	1~10	-
--CREDIT LINES	1~10	-
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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		14

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.