MIRA INFORM REPORT

Report Date :

09.07.2014

IDENTIFICATION DETAILS

Name :	AUTOMAT INDUSTRIES PRIVATE LIMITED
Registered Office :	Plot No.18-19, Hind Pocket Book, Near Desu Office, G.T. Road, Shahdara, Delhi – 110 095
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	29.01.1998
Com. Reg. No.:	55-091781
Capital Investment / Paid-up Capital :	Rs. 20.192 Millions
CIN No.: [Company Identification No.]	U29219DL1998PTC091781
TAN No.: [Tax Deduction & Collection Account No.]	DELA13054G / DELA13055A
PAN No.: [Permanent Account No.]	AADCA9313Q
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Agricultural Equipment used for irrigation with metal base, such as water sprinklers, filters and water guns.
No. of Employees :	600 (Approximetly)

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

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

Maximum Credit Limit :	USD 500000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. General financial position of the company is good. Trade relations are reported as fair. Business is active. Payments terms are reported to be usually correct and as per commitment. The company can be considered normal for business dealings at usual trade terms and condition.

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	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

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 wih 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.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long Term Rating – BBB -
Rating Explanation	Moderate degree of safety. It carry moderate credit risk
Date	18 June 2014

Rating Agency Name	CRISIL
Rating	Short Term Rating – A3
Rating Explanation	Moderate degree of safety. It carry higher credit risk
Date	18 June 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 31-03-2012.

INFORMATION PARTED BY

Name :	Mr. Vipul
Designation :	National Sales Manager
Contact No.:	91-9818679500
Date :	28.06.2014

LOCATIONS

Registered Office :	Plot No.18-19, Hind Pocket Book, Near Desu Office, G.T. Road, Shahdara, Delhi – 110 095, India
Tel. No.:	91-11-22583027/ 22574746 / 43099800
Mobile No.:	91-9818679500 (Mr. Vipul)
Fax No.:	91-11-43099807/ 22121035
E-Mail :	vipuljain@automatworld.com sharma.dsa@gmail.com
Website :	http://www.automatworld.com
Area :	30000 sq ft
Location :	Owned
Head Office :	182, F.I.E., Patparganj Delhi – 110 092, India
Tel. No.:	91-11-43036739/ 43036740/ 22583027/ 22574746/ 43099800/ 43099803
Fax No.:	91-11-43036739/ 43036738/ 43099807/ 22121035
Area :	24000 sq. ft
Factory 1 :	519-E/4, Dilshad Garden, G.T. Road, Shahdara, Delhi – 110 095, India
Factory 2 :	Also located at: · Patiala (Punjab)
Branch Office :	Block No.4, 5, Sector – 3A, IIE Haridwar, Uttarakhand, India
Area :	1400 sq. ft
Location :	Owned

DIRECTORS

AS ON 30.09.2013

Name :

Mr. Prabodh Kumar Jain

Designation :

Director

Address :

R/o D-231, Vivek Vihar, Delhi – 110 095, India

Date of Appointment :

29.01.1998

DIN No.:

00052996

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	U29219DL1998PTC091781	AUTOMAT INDUSTRIES PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
2	U45201DL2005PTC139270	AUTOMAT IRRIGATION PRIVATE LIMITED	Director	02/02/2006	02/02/2006	-	Active	NO
3	U18101DL2008PTC176884	JSTITCH FASHION PRIVATE LIMITED	Director	17/04/2008	17/04/2008	-	Active	NO
4	U01403MP2008PTC021427	Green Earth Farms & Fields Private Limited	Director	17/12/2008	17/12/2008	-	Strike off	NO
5	U51909DL2011PTC215390	PRIMUS COMMODITIES PRIVATE LIMITED	Director	08/03/2011	08/03/2011	27/02/2014	Active	NO
6	U70102DL2014PTC262931	PRISM REALTECH PRIVATE LIMITED	Director	01/01/2014	01/01/2014	-	Active	NO
7	U70100DL2014PTC268133	SAARAS INNOVATIONS PRIVATE LIMITED	Director	20/06/2014	20/06/2014	-	Active	NO

Name :

Mr. Tushar Jain

Designation :

Director

Address :

R/o D-231, Vivek Vihar, Delhi – 110 095, India

Date of Appointment :

08.08.2012

DIN No.:

00053023

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	U29219DL1998PTC091781	AUTOMAT INDUSTRIES PRIVATE LIMITED	Managing director	12/02/2014	29/01/1998	-	Active	NO
2	U65910DL1985PLC019985	PIONEER URBAN LAND & INFRASTRUCTURE LIMITED	Director	30/06/2005	30/06/2005	30/03/2012	Active	NO
3	U45201DL2005PTC139270	AUTOMAT IRRIGATION PRIVATE LIMITED	Director	02/02/2006	02/02/2006	-	Active	NO
4	U29299MH1994PLC081578	DUKE CORPORATION LIMITED	Director	30/09/2007	18/12/2006	28/08/2008	Active	NO
5	U28113DL2011PTC213466	SMITH INDUSTRIAL CORPORATION PRIVATE LIMITED	Director	07/02/2011	07/02/2011	26/02/2014	Active	NO
6	U51909DL2011PTC214326	SOGA COMMODITIES PRIVATE LIMITED	Director	18/02/2011	18/02/2011	26/03/2014	Active	NO
7	U18109DL2011PTC215841	MICROSTITCH FASHIONS PRIVATE LIMITED	Director	15/03/2011	15/03/2011	-	Active	NO
8	U70102DL2014PTC262931	PRISM REALTECH PRIVATE LIMITED	Director	01/01/2014	01/01/2014	-	Active	NO
9	U70100DL2014PTC268133	SAARAS INNOVATIONS PRIVATE LIMITED	Director	20/06/2014	20/06/2014	-	Active	NO

Name :

Ms. Ruchi Jain

Designation :

Director

Address :

R/o D-231, Vivek Vihar, Delhi – 110 095, India

Date of Appointment :

01.12.2007

DIN No.:

00055212

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	U45201DL2006PTC145836	ANADI INFRASTRUCTURE AND DEVELOPERS PRIVATE LIMITED	Director	03/02/2006	03/02/2006	-	Active	NO
2	U29219DL1998PTC091781	AUTOMAT INDUSTRIES PRIVATE LIMITED	Director	30/09/2008	01/12/2007	-	Active	NO
3	U18101DL2008PTC176884	JSTITCH FASHION PRIVATE LIMITED	Director	17/04/2008	17/04/2008	18/03/2011	Active	NO
4	U18109DL2011PTC215841	MICROSTITCH FASHIONS PRIVATE LIMITED	Director	15/03/2011	15/03/2011	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Vipul
Designation :	National Sales Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2013

Names of Shareholders	No. of Shares
Prabodh Kumar Jain	1005100
Tushar Jain	295100
Anita Jain	110000
Kaveri Jain	60000
Madhu Bala Jain	20000
Nirmal Jain	3000
P.K. Jain (karta)	82000
Ruchi Jain	39940
R.K. Jain	44000
Master Adi Jain	5000
Master Ananya Jain	5000
Adinath Capital Services Limited, India	350000
Anna Jain	5
Deepali Jain	5
Kamlesh Jain	5
M.U. Khan	5
Sushma Jain	5
Rajeev Jain	5
Ratan Prakash Jain	5
Sandeep Jain	5
S.R. Jain	5
Y.N. Bhargava	5
B.L. Jain	5
Sushma Malhotra	5
Total	2019200

AS ON 30.09.2013

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	17.33
Directors or relatives of directors	82.67
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Agricultural Equipment used for irrigation with metal base, such as water sprinklers, filters and water guns.
Products :	Irrigation Products:- · Impact sprinklers · Part circle sprinklers · Water guns · Filter products · Air release valves · Pressure release valves · Quick coupling valves · Aluminium accessories · Wheel moves and center pivots · Other products Industrial Products: · High precision parts and components manufactured on screw machines · Precision components for horological industry and the defense sector · Brass impact sprinklers · Precisely engineered components of up to 10 micron accuracy
Exports :
Products :	Finished Good
Countries :	· Europen Countries · South Africa
Imports :
Products :	Raw Material
Countries :	Saudi Arabia
Terms :
Selling :	Others
Purchasing :	Others and Depend

PRODUCTION STATUS (AS ON 31.03.2011)

Particulars	Unit	Installed Capacity
Agricultural Equipment (Sprinkler)	Nos.	600 Lacs

GENERAL INFORMATION

No. of Employees :

600 (Approximetly)

Bankers :

Bank of India, Parliament Street Branch, 4, Sansad Marg, New Delhi – 110 001, India (Contact No.: 91-11-28844067)

Facilities :

Secured Loans	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
Long Term Borrowing
Bank of India Machinery Loan A/C	0.000	0.809
Short Term Borrowing
Bank of India CC A/C	62.299	63.459
Bank Of India (Packing Credit facility	10.000	9.999
Bank Of India – Car Loan	0.555	0.397
Bank of India Machinery Loan A/C	0.638	1.140
Total	73.492	75.804

Banking Relations :
Auditors :
Name :	Prem Gupta and Associates Chartered Accountants
Address :	2, TC Jaina Tower, 1^st Floor, Darya Ganj, Opposite Moti Mahal Restaurant, Netaji Subhash Marg, Darya Ganj, New Delhi – 110 002, India
Tel. No.:	91-11-23259341/ 23258942
Mobile No.:	91-9910178478
PAN No.:	AFFPG1555C
Memberships :	PHD Chamber of Commerce, Export-Import Council and Federation of Indian Chamber of Commerce and Industries
Enterprises over which the Management is interested :	· Smith Industries Corporation Private Limited · Automat Irrigation Private Limited · Stitch – 9 · Precom Engg. · Unique Diagnostic · Primus Commodities Private Limited · Anadi Infra and Dev, Private Limited · Microstitch Fashion Private Limited

CAPITAL STRUCTURE

AS ON 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
3000000	Equity Shares	Rs. 10/- each	Rs. 30.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2019200	Equity Shares	Rs. 10/- each	Rs.20.192 Millions

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	20.192	20.192	20.192
(b) Reserves & Surplus	106.047	94.483	81.759
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	7.800
Total Shareholders’ Funds (1) + (2)	126.239	114.675	109.751
(3) Non-Current Liabilities
(a) long-term borrowings	135.522	37.919	81.645
(b) Deferred tax liabilities (Net)	6.912	6.065	5.834
(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)	142.434	43.984	87.479
(4) Current Liabilities
(a) Short term borrowings	73.491	74.995	2.114
(b) Trade payables	103.751	135.949	65.796
(c) Other current liabilities	2.529	1.510	2.100
(d) Short-term provisions	22.977	19.605	12.939
Total Current Liabilities (4)	202.748	232.059	82.949
TOTAL	471.421	390.718	280.179
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	72.842	61.975	48.592
(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	1.010	1.100	1.100
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	8.525	6.775	1.350
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	82.377	69.850	51.042
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	100.107	80.255	65.135
(c) Trade receivables	173.007	156.994	124.307
(d) Cash and cash equivalents	1.330	1.659	1.608
(e) Short-term loans and advances	56.646	36.255	2.221
(f) Other current assets	57.954	45.705	35.866
Total Current Assets	389.044	320.868	229.137
TOTAL	471.421	390.718	280.179

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013	31.03.2012	31.03.2011
	SALES
	Income
	Other Income
	TOTAL (A)	935.754	734.657	637.824
Less	EXPENSES
	Cost of Materials Consumed
	Purchases of Stock-in-Trade
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade
	Employees benefits expense
	Other expenses
	TOTAL (B)	900.654	702.368	613.016
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	35.100	32.289	24.808
Less	FINANCIAL EXPENSES (D)	11.872	9.241	4.574
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	23.228	23.048	20.234
Less/ Add	DEPRECIATION/ AMORTISATION (F)	6.056	4.818	3.940
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	17.172	18.230	16.294
Less	TAX (I)	5.609	5.507	4.555
	PROFIT/ (LOSS) AFTER TAX (G-I) (J)	11.563	12.723	11.739
	Earnings / (Loss) Per Share (Rs.)	5.73	6.30	5.81

Particulars	31.03.2014
Sales Turnover	930.000

The above information has been parted by Mr. Vipul (National sales Manager)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	1.24	1.73	1.84
Return on Total Assets (PBT/Total Assets}	(%)	3.65	4.68	5.84
Return on Investment (ROI) (PBT/Networth)		0.14	0.16	0.15
Debt Equity Ratio (Total Debt /Networth)		1.66	0.98	0.76
Current Ratio (Current Asset/Current Liability)		1.92	1.38	2.76

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	20.192	20.192	20.192
Reserves & Surplus	81.759	94.483	106.047
Share Application money pending allotment	7.800	0.000	0.000
Net worth	109.751	114.675	126.239
long-term borrowings	81.645	37.919	135.522
Short term borrowings	2.114	74.995	73.491
Total borrowings	83.759	112.914	209.013
Debt/Equity ratio	0.763	0.985	1.656

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	637.824	734.657	935.754
		15.182	27.373

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	637.824	734.657	935.754
Profit	11.739	12.723	11.563
	1.84%	1.73%	1.24%

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	Yes
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)	Yes
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	No
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	Yes

UNSECURED LOANS:

Particular	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
Long Term Borrowing
From Body Corporate – As per annexture	105.527	3.821
From Other – As per annexure	29.994	33.289
Total	135.521	37.110

INDEX CHARGES:

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10469250	11/12/2013	17,500,000.00	Bank of India	Parliament Street Branch, PTI Building, 4, Sansad  Marg, New Delhi, Delhi - 110001, INDIA	B93162188
2	10403223	20/01/2014 *	415,200,000.00	Bank of India	Parliament Street Branch, 4, Sansad Marg, New Del  hi, Delhi - 110001, INDIA	B98143134
3	10400246	27/12/2012	625,000.00	Bank of India	Parliament Street Branch, 4, Sansad Marg, New Del  hi, Delhi - 110001, INDIA	B66621822
4	10288193	13/05/2011	75,000,000.00	Bank Of India	Parliament Street Branch, 4 P.T.I. Building , San  sad Marg, New Delhi, Delhi - 110001, INDIA	B13462239
5	10288195	13/05/2011	118,125,000.00	Bank Of India	Parliament Street Branch, 4 P.T.I. Building , San  sad Marg, New Delhi, Delhi - 110001, INDIA	B13462973
6	10170833	31/07/2009	300,000.00	Bank Of India	Parliament Street Branch, 4 , PTI Building Sansa  d Marg, New Delhi, Delhi - 110001, INDIA	A67771105
7	10170822	30/07/2009	1,210,700.00	Bank Of India	Parliament Street Branch, 4 , PTI Building Sansa  d Marg, New Delhi, Delhi - 110001, INDIA	A67770941
8	10157018	22/04/2009	5,000,000.00	Bank Of India	Parliament Street Branch, PTI Building , 4 Sansad  Marg, New Delhi, Delhi - 110001, INDIA	A62169198
9	10157017	22/04/2009	6,500,000.00	Bank Of India	Parliament Street Branch, PTI Building , 4 Sansad  Marg, New Delhi, Delhi - 110001, INDIA	A62168844
10	10157015	22/04/2009	73,176,000.00	Bank Of India	Parliament Street Branch, PTI Building , 4 Sansad  Marg, New Delhi, Delhi - 110001, INDIA	A62166632

FIXED ASSETS

· Air Conditioners A/C

· Moibl Equipments

· Building

· Computer A/C

· Computer Software

· Cycle and Rickshaw A/C

· Dies and Tools

· Furniture A/C

· Exibition Kit

· Jeep and car

· Referigirator

· Office Equipment

· Machinery A/C

· Scooter A/C

· Photocopier Machine

· Water Cooler A/C

· Water Purifier A/C

· E.P.A.B.X.

· Fax Machine A/C

· 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 againstsubject: 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.59.79
UK Pound	1	Rs. 102.66
Euro	1	Rs. 81.32

INFORMATION DETAILS

Information Gathered by :	PDT
Analysis Done by :	DIV
Report Prepared by :	TRU

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--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	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		43

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	--

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