MIRA INFORM REPORT

Report Date :

05.06.2014

IDENTIFICATION DETAILS

Name :	BVM ENERGY AND RESIDENCY PRIVATE LIMITED (w.e.f. 04.02.2010)
Formerly Known As :	BVM ENERGY PRIVATE LIMITED
Registered Office :	Survey No.115/1, I.T. Park, Nanakramguda, Serlingampally Mandal, Hyderabad – 500032, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	13.04.2009
Com. Reg. No.:	01-063314
Capital Investment / Paid-up Capital :	Rs.325.100 Millions
CIN No.: [Company Identification No.]	U55101TG2009PTC063314
TAN No.: [Tax Deduction & Collection Account No.]	HYDB04655A
PAN No.: [Permanent Account No.]	AAECB0206C
Legal Form :	Private Limited Liability Company
Line of Business :	The Company is engaged in transmit, distribute, sell and purchase of electrical power and carry on business of holiday resorts, hotels, motels and construction of the same.
No. of Employees :	Information denied by management

RATING & COMMENTS

MIRA’s Rating :

B (28)

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

Maximum Credit Limit :	USD 1300000
Status :	Yet to commence its business activity
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Even though the company was incorporated during 2009, the company is yet to commence its business activities. Management remains non-cooperative. Share capital of the company is strong. Payment terms are unknown. The company can be considered for business dealing with great caution.

NOTES:

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – 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

US investment bank Goldman Sachs has upgraded its outlook on Indian markets as it expects positive impact of the election cycle.

India’s economy may grow 4.7 % in the current financial year, lower than the official estimate of 4.9 %, Fitch Rating said. The global rating agency expects the economy to pick up in the next two financial years.

Global ratings agency Standard & Poor said increasing focus by India Inc on lowering debt is likely to improve their credit profiles.

Singapore (1.1 million Indian tourists in 2012), Thailand (one million), the United Arab Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred holidays hotspots for Indians. The total figure is expected to increase to 1.93 million by 2017, according to the latest Eurmonitor international report.

There is a $29.34 bn outward foreign direct investment by domestic companies between April and January of 2013/14 which has seen some signs of recovery according to a Care Ratings report.

There are 264 number of new companies being set up every day on average during 2014. Most of them are registered in Mumbai. India had 1.38 million registered companies at the end of January, 2014.

Twitter like messaging service Weibo Corporation has filed to raise $ 500 million via a US initial public offering. Alibaba, which owns a stake in Weibo is expected to raise about $ 15 billion New York this year in the highest profile Internet IPO since Facebook’s in 2012.

Bharti Airtel has raised Rs.2453.2 crore (350 million Swiss Francs) by selling six-year bonds at a coupon rate of three per cent and maturing in 2020. This is the largest ever bond offering by an Indian company in Swiss Francs. Bharat Petroleum Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98 % coupon rate in February.

Indian Oil Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex at its almost complete Paradip refinery in Odhisha in three to four years. The company board is set to consider the setting up of a 700000 tonne per annum polypropylene plant at an estimated cost at Rs.3150 crore.

Global chief information officers at gathering in Bangalore in April to meet Indian startups at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in the making.

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 DENIED

Management Non-Cooperative (Tel No.: 91-40-27803962)

LOCATIONS

Registered Office :	Survey No.115/1, I.T. Park, Nanakramguda, Serlingampally Mandal, Hyderabad – 500032, Andhra Pradesh, India
Tel. No.:	91-40-27710167 / 27803962 / 27801294 / 49493100
Fax No.:	Not Available
E-Mail :	manjeetbucha@gmail.com

DIRECTORS

As on 27.09.2013

Name :

Mr. Sunil Kumar Devakonda

Designation :

Director

Address :

8-7-693/2/9, Mithilanagar, Hyderabad – 500082, Andhra Pradesh, India

Date of Birth/Age :

10.11.1960

Date of Appointment :

12.10.2010

DIN No.:

00039498

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	U67120TG1995PLC020735	BHAVANA INVESTOR SERVICES LIMITED	Director	16/06/1995	16/06/1995	04/10/2010	Active	NO
2	U72200TG2005PTC046580	DAKSHIN INFOCOM PROJECTS PRIVATE LIMITED	Director	17/06/2005	17/06/2005	-	Active	NO
3	U15549TG2006PTC050863	ARK SPIRITS INDIA PRIVATE LIMITED	Director	10/08/2006	10/08/2006	-	Active	NO
4	U45200TG2006PTC049437	DAKSHIN INFRASTRUCTURES PRIVATE LIMITED	Director	25/01/2007	25/01/2007	-	Active	NO
5	U92120TG2010PTC066642	TELANGANA BROADCASTING PRIVATE LIMITED	Director	12/01/2010	12/01/2010	18/03/2010	Active	NO
6	U55101TG2009PTC063314	BVM ENERGY AND RESIDENCY PRIVATE LIMITED	Director	12/10/2010	20/01/2010	-	Active	NO
7	U74999TG2006PLC050782	HYDERABAD MEDIA HOUSE LIMITED	Director	26/09/2011	23/12/2010	-	Active	NO
8	U45209TG2012PTC082175	TEAM INDUS AVENUES PRIVATE LIMITED	Director	02/12/2013	02/12/2013	-	Active	NO

Name :

Mr. Vaman Rao Kasuganti

Designation :

Director

Address :

2, Madhupala Enclave, Akbar Road, Secunderabad – 500009, Andhra Pradesh, India

Date of Birth/Age :

14.10.1952

Date of Appointment :

13.04.2009

DIN No.:

00356880

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	U65992AP1981PTC003018	KAPIL CHIT FUNDS PRIVATE LIMITED	Director	01/05/1981	01/05/1981	-	Active	NO
2	U65993TG1982PTC003487	SILPA AVENUES PRIVATE LIMITED	Director	13/05/1982	13/05/1982	25/01/2012	Active	NO
3	U22120TG1984PTC005178	UJWALA PUBLICATIONS AND DEVELOPERS PRIVATE LIMITED	Director	12/12/1984	12/12/1984	25/01/2012	Active	NO
4	U52110AP1988PTC008543	KAPIL INFRA AVENUES PRIVATE LIMITED	Director	18/04/1988	18/04/1988	25/01/2012	Active	NO
5	U15412TG1988PTC008544	PREETHI FOODS AND VILLAS PRIVATE LIMITED	Director	18/04/1988	18/04/1988	-	Active	NO
6	U45200TG1988PLC008558	SILPA SHELTERS LIMITED	Director	21/04/1988	21/04/1988	25/01/2012	Active	NO
7	U45200AP1992PLC014532	RAMYA CONSTRUCTIONS LIMITED	Director	17/07/1992	17/07/1992	25/01/2012	Active	NO
8	U45201TG1999PLC032635	KAPIL PROPERTY DEVELOPERS LIMITED	Director	05/10/1999	05/10/1999	25/01/2012	Active	NO
9	U01110TG2001PTC036174	SILPA AGRO FARMS AND DEVELOPERS PRIVATE LIMITED	Director	06/03/2001	06/03/2001	25/01/2012	Active	NO
10	U74999TG2004PTC043573	KAPIL HEALTH CLUB PRIVATE LIMITED	Director	02/07/2004	02/07/2004	13/12/2013	Active	NO
11	U65992KA2006PTC039871	KAPIL CHITS (KARNATAKA) PRIVATE LIMITED	Director	03/07/2006	03/07/2006	24/11/2008	Active	NO
12	L01120AP1986PLC006728	KAVERI SEED COMPANY LIMITED	Director	14/09/2007	18/01/2007	15/11/2010	Active	NO
13	U74999TG2006PLC050782	HYDERABAD MEDIA HOUSE LIMITED	Director	24/09/2008	13/09/2007	-	Active	NO
14	U32107TG2008PTC059980	KAPIL ENGINEERS AND INFRASTRUCTURES PRIVATE LIMITED	Director	03/07/2008	03/07/2008	-	Active	NO
15	U74900TG2008PTC060686	KNOWLEDGE MATRIX (INDIA) PRIVATE LIMITED	Director	22/08/2008	22/08/2008	-	Active	NO
16	U72200TG2008PTC061795	KAPIL IT SOLUTIONS PRIVATE LIMITED	Director	11/11/2008	11/11/2008	18/02/2010	Active	NO
17	U55101TG2009PTC063314	BVM ENERGY AND RESIDENCY PRIVATE LIMITED	Director	13/04/2009	13/04/2009	-	Active	NO
18	U45200TG2006PTC049437	DAKSHIN INFRASTRUCTURES PRIVATE LIMITED	Director	25/09/2009	16/04/2009	-	Active	NO
19	U15410TG1996PTC023384	NALGONDA REALTORS PRIVATE LIMITED	Director	25/09/2009	12/08/2009	-	Active	NO
20	U74999TG2010PTC069877	KAPIL PROPERTY MANAGEMENT PRIVATE LIMITED	Director	09/08/2010	09/08/2010	-	Active	NO
21	U65993TG1992PTC014819	BIJAY FINANCE AND INVESTMENT PRIVATE LIMITED	Director	28/05/2011	28/05/2011	25/01/2012	Active	NO
22	U15499TG1992PTC014019	KAPIL FOODS AND STRUCTURES PRIVATE LIMITED	Director	28/09/2012	31/10/2011	-	Active	NO
23	U70101TG2007PTC053746	KAPIL AVENUES AND CONSULTANTS PRIVATE LIMITED	Director	29/09/2012	31/01/2012	-	Active	NO
24	U72200TG2004PTC042811	KAPIL POWER AND SOFTWARE PRIVATE LIMITED	Director	27/09/2013	04/01/2013	-	Active	NO

Name :

Mr. Venkat Ramana Rao Kasuganti

Designation :

Director

Address :

2, Madhupala Enclave, Akbar Road, Secunderabad – 500009, Andhra Pradesh, India

Date of Birth/Age :

18.10.1978

Date of Appointment :

12.10.2010

DIN No.:

01587005

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	U72200TG2004PTC042811	KAPIL POWER AND SOFTWARE PRIVATE LIMITED	Director	05/03/2004	05/03/2004	04/01/2013	Active	NO
2	U74900TG2008PTC060686	KNOWLEDGE MATRIX (INDIA) PRIVATE LIMITED	Whole-time director	25/09/2009	22/08/2008	-	Active	NO
3	U55101TG2009PTC063314	BVM ENERGY AND RESIDENCY PRIVATE LIMITED	Director	12/10/2010	20/01/2010	-	Active	NO

Name :

Mr. Rao Janardhana Palakodety

Designation :

Director

Address :

H.No:8-3-317/1,F.No:201,Maruthi Heights, Maruthi Nagar, Ward No:8, Circle VII, Yousuf Guda, Hyderabad -500045, Andhra Pradesh, India

Date of Birth/Age :

01.04.1953

Date of Appointment :

27.09.2013

DIN No.:

06421431

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	U74999TG2010PTC069877	KAPIL PROPERTY MANAGEMENT PRIVATE LIMITED	Director	27/09/2013	30/11/2012	-	Active	NO
2	U55101TG2009PTC063314	BVM ENERGY AND RESIDENCY PRIVATE LIMITED	Director	27/09/2013	06/02/2013	-	Active	NO
3	U32107TG2008PTC059980	KAPIL ENGINEERS AND INFRASTRUCTURES PRIVATE LIMITED	Director	27/03/2013	27/03/2013	-	Active	NO

MAJOR SHAREHOLDERS

As on 27.09.2013

Names of Shareholders	No. of Shares
Kasuganti Vaman Rao	1000
Kasuganti Venkata Ramana Rao	10
Dakshin Infrastructure Private Limited	3250000
Total	3251010

Equity Share Break up (Percentage of Total Equity)

As on 27.09.2013

Category	Percentage
Bodies corporate	99.97
Directors or relatives of Directors	0.03
Total	100.00

BUSINESS DETAILS

Line of Business :

The Company is engaged in transmit, distribute, sell and purchase of electrical power and carry on business of holiday resorts, hotels, motels and construction of the same.

Products :

Products Description	ITC Code
Rental or leasing services of houses, flats, apartment buildings	99721111

GENERAL INFORMATION

No. of Employees :	Information denied by management
Bankers :	Not Available

Banking Relations :	--
Auditors :
Name :	V Ravi and Company Chartered Accountants
Address :	#111, Royal Pavillion Apartments, Ameerpet , Hyderabad - 500016, Anadhra Pradesh, India
PAN No.:	AAJFV0158R
Holding Company :	Dakshin Infrastructures Private Limited CIN No.: U45200AP2006PTC049437

CAPITAL STRUCTURE

As on 27.09.2013

Authorised Capital :

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

Issued and Subscribed Capital :

No. of Shares	Type	Value	Amount
3251010	Equity Shares	Rs.100/- each	Rs.325.101 Millions

Paid-up Capital :

No. of Shares	Type	Value	Amount
3251000	Equity Shares	Rs.100/- each	Rs.325.100 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	325.100	325.100	0.100
(b) Reserves & Surplus	0.001	0.000	0.000
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	5.000
Total Shareholders’ Funds (1) + (2)	325.101	325.100	5.100
(3) Non-Current Liabilities
(a) long-term borrowings	237.716	33.156	1.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	237.716	33.156	1.000
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	86.445	4.143	0.000
(c) Other current liabilities	0.776	5.028	0.009
(d) Short-term provisions	0.000	0.000	0.010
Total Current Liabilities (4)	87.221	9.171	0.019
TOTAL	650.038	367.427	6.119
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	80.590	80.590	0.000
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	435.969	284.130	4.726
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	3.000	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	519.559	364.720	4.726
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	67.966	1.033	0.154
(e) Short-term loans and advances	62.513	1.674	1.220
(f) Other current assets	0.000	0.000	0.019
Total Current Assets	130.479	2.707	1.393
TOTAL	650.038	367.427	6.119

PROFIT & LOSS ACCOUNT

PARTICULARS	31.03.2013	31.03.2012	31.03.2011
PROFIT/(LOSS) AFTER TAX	0.001	0.000	0.000

KEY RATIOS

PARTICULARS	31.03.2013	31.03.2012	31.03.2011
Debt Equity Ratio (Total Debt /Networth)	0.73	0.10	0.20
Current Ratio (Current Asset/Current Liability)	1.50	0.30	73.32

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	0.100	325.100	325.100
Reserves & Surplus	0.000	0.000	0.001
Share Application money pending allotment	5.000	0.000	0.000
Net worth	5.100	325.100	325.101
long-term borrowings	1.000	33.156	237.716
Short term borrowings	0.000	0.000	0.000
Total borrowings	1.000	33.156	237.716
Debt/Equity ratio	0.196	0.102	0.731

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	No
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	No
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 LOANS:

Particulars	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Long Term Borrowings
Loans and advances from others	237.716	33.156
Total	237.716	33.156

CORPORATE INFORMATION:

The Company is a private company domiciled in India and incorporated in April 2009 under the provisions of the Companies Act, 1956. The Company is subsidiary of Dakshin Infrastructure Private limited. The Company is engaged in transmit, distribute, sell and purchase of electrical power and carry on business of holiday resorts, hotels, motels and construction of the same.

FINANCIAL RESULTS:

The company purchased the 20 floors tower being constructed by Dakshin Infrastructures Private Limited. This building after completion will be used as a Serviced Apartment under Management Agreement with Oakwood Asia Pacific. The Hotel is expected to be operational in the first half of 2014.

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10411049	08/02/2013	1,000,000,000.00	LAKSMAN KUMAR KASUGANTI	2-8-128, Mukarampura, Karimnagar, Hyderabad, Andhra Pradesh - 505001, India	B67946558

*Date of modification Charges

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Computer

· Vehicles

· Furniture and Fixture

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.59.34
UK Pound	1	Rs.99.18
Euro	1	Rs.80.76

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	SUM
Report Prepared by :	VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		28

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.