MIRA INFORM REPORT

Report Date :

24.03.2014

IDENTIFICATION DETAILS

Name :	KENDA FARBEN INDIA PRIVATE LIMITED
Registered Office :	Eagle Plaza, 12 Roshanara Road, New Delhi 110007
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	26.03.1997
Com. Reg. No.:	55-086109
Capital Investment / Paid-up Capital :	Rs. 15.345 Millions
CIN No.: [Company Identification No.]	U24116DL1997PTC086109
TAN No.: [Tax Deduction & Collection Account No.]	DELK04087G
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of footwear adhesives, chemicals etc.
No. of Employees :	45 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 370000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct. The company can be considered normal for business dealings at usual trade terms and conditions.

NOTES :

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

ECGC Country Risk Classification List – December 1, 2013

Country Name	Previous Rating (30.06.2013)	Current Rating (30.09.2013)
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

India’s current account deficit for the fiscal third quarter ended September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in exports and moderation in gold imports. Manufacturing activity and new orders in India showed their strongest growth in a year in February. The news comes as a relief after data showed Asia’s third largest economy grew by a slower-than-expected 4.7 % annually in the three months through December. The HSBC Manufacturing Purchasing Managers’ Index which gauges the business activity of India’s factories but not its’ utilities, rose to 52.5 in February, its highest in a year from 51.4 in January. Overall new orders for factory goods which rose to a one-year high of 54.9 contributed to the surge. China has emerged as India’s biggest trading partner in the current financial year replacing the United Arab Emirates and pushing it to the third spot. India-China trade has reached $49.5 billion with a 8.7 % share in India’s total trade. The US comes second at $46 billion with 8.1 % share during the first nine months of the current financial year.

The Reserve Bank of India has granted an additional nine months to the public to exchange currency notes printed before 2005 including Rs 500 and Rs 1,000 denominations, pushing the deadline to January 1, 2015. A day before dates for the Lok Sabha polls were announced, the government decided to hike interest rates on fixed deposit schemes offered by post offices up to 0.2 per cent. The new rates will be effective April, 1. The Supreme Court will resume hearing on March, 11 Nokia’s appeal against a ruling over transferring ownership of its local mobile phones plant which is the subject of a tax dispute to Microsoft Corp.

In the last days of the current Government, another scam has surfaced. The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The Central Bureau of Investigation will look into allegations that over $80 million was paid in kickbacks in a deal signed in 2011. India has asked Boeing Co. to find a solution for problems with state-owned Air India’s 787 Dreamliners. The aircraft has experienced a series of malfunctions since its debut in 2011.

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. Hemant Kumar
Designation :	Accounts and Finance Deputy Manager
Contact No.:	91-9818044759
Date :	20.03.2014

LOCATIONS

Registered Office :	Eagle Plaza, 12 Roshanara Road, New Delhi 110007, India
Tel. No.:	91-11-23821726 / 23825449 / 23825451 / 23828521
Mobile No.:	91-9818044759 (Mr. Hemant Kumar)
Fax No.:	91-11-23824218 / 23713245
E-Mail :	sushmagupta1302@gmail.com efpl@eaglegroupindia.com
Website :	www.kendafarben.in
Factory :	A-27, Sector 80, Phase II, Noida 201305, Uttar Pradesh, India
Tel. No.:	91-120-4282118-19
E-Mail :	info@kendafarben.in

DIRECTORS

AS ON 30.09.2013

Name :	Mr. Jaspla Singh Sawhney
Designation :	Managing Director
Address :	Sawhney Farms Sultanpur Frrms, Mehrauli, New Delhi-110030, India
Date of Birth/Age :	04.03.1947
Date of Appointment :	27.03.1997
DIN No.:	00036856

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	U74899DL1959PTC003051	B DHRAM SINGH BABEK SINGH FINANCE PRIVATE LIMITED	Managing director	23/03/1970	23/03/1970	-	Strike off	NO
2	U74899DL1988PTC030250	VIGNETTE INVESTMENTS PRIVATE LIMITED	Director	20/03/1991	20/03/1991	20/02/2007	Amalgamated	NO
3	U74899DL1970PTC005397	EAGLE FORGINGS PRIVATE LIMITED	Managing director	15/11/1993	15/11/1993	-	Active	NO
4	U24116DL1997PTC086109	KENDA FARBEN INDIA PRIVATE LIMITED	Managing director	27/03/1997	27/03/1997	-	Active	NO
5	U24119DL1998PTC096806	TECNOGI INDIA PRIVATE LIMITED	Managing director	23/10/1998	23/10/1998	-	Active	NO
6	U27106DL1999PTC102880	FALCON VENTURES (INDIA) PRIVATE LIMITED	Managing director	20/12/1999	20/12/1999	-	Active	NO
7	U45201DL2002PTC115720	ANSAL BUILDWELL DEVELOPERS PRIVATE LIMITED	Director	07/06/2002	07/06/2002	08/05/2007	Active	NO
8	U74899DL2003PTC121286	MAVERICK AGRO PRODUCTS PRIVATE LIMITED	Managing director	23/07/2003	23/07/2003	28/07/2007	Active	NO
9	U45201DL2001PTC113050	NEELKAMAL REALTY PRIVATE LIMITED	Director	19/11/2004	19/11/2004	-	Active	NO
10	U74999DL2005PTC133825	SPIRITUAL DEVELOPERS PRIVATE LIMITED	Director	05/04/2005	05/04/2005	28/12/2009	Active	NO
11	U45400DL2005PTC133826	WHIZ CONSTRUCTIONS PRIVATE LIMITED	Director	05/04/2005	05/04/2005	28/12/2009	Active	NO
12	U45400DL2005PTC133824	NURTURE PROJECTS PRIVATE LIMITED	Director	05/04/2005	05/04/2005	28/12/2009	Active	NO
13	U70101DL2005PTC133823	ACQUAINTED REALTORS PRIVATE LIMITED	Director	05/04/2005	05/04/2005	28/12/2009	Converted to LLP and dissolved	NO
14	U45201DL2005PTC134094	PAGODA DEVELOPER PRIVATE LIMITED	Director	28/04/2005	28/04/2005	28/12/2009	Converted to LLP and dissolved	NO
15	U45201DL2005PTC134096	ASYLUM ESTATE PRIVATE LIMITED	Director	28/04/2005	28/04/2005	28/12/2009	Converted to LLP and dissolved	NO
16	U70101DL2005PTC140846	A K SHELTERS PRIVATE LIMITED	Director	28/02/2006	28/02/2006	-	Active	NO
17	U45201DL2005PTC137034	ROSEVIEW PROMOTERS PRIVATE LIMITED	Director	30/09/2006	01/03/2006	28/12/2009	Active	NO
18	U45200DL2006PTC154922	LOREL BUILDTECH PRIVATE LIMITED	Director	20/10/2006	20/10/2006	27/01/2011	Active	NO
19	U70109DL2006PTC154923	LIFELONG DEVELOPERS PRIVATE LIMITED	Director	20/10/2006	20/10/2006	27/01/2011	Active	NO
20	U29251DL2006PTC155823	SERENA EAGLE SPA PRIVATE LIMITED	Managing director	23/11/2006	23/11/2006	-	Strike off	NO
21	U51909DL1997PTC084641	CASHCO (INDIA) PRIVATE LIMITED	Director	04/12/2006	04/12/2006	-	Active	NO
22	U70200DL2006PTC156920	TECHNIC REAL ESTATES PRIVATE LIMITED	Managing director	21/12/2006	21/12/2006	-	Active	NO
23	U45200DL2007PTC157357	COMPLIANCE REALTORS PRIVATE LIMITED	Managing director	04/01/2007	04/01/2007	-	Active	NO
24	U24220DL2008PTC172300	EAGLE KENDA FARBEN INDIA PRIVATE LIMITED	Director	04/01/2008	04/01/2008	-	Active	NO
25	U74994DL2008PTC175720	FALCON INTERIOR SOLUTIONS (INDIA) PRIVATE LIMITED	Director	20/03/2008	20/03/2008	-	Active	NO
26	U72200DL2010PTC208717	FALCON TECHNOLOGIES PRIVATE LIMITED	Director	24/09/2010	24/09/2010	-	Active	NO
27	U51909DL2011PTC228546	SKY BLUE TRADERS PRIVATE LIMITED	Director	10/12/2011	10/12/2011	-	Active	NO
28	AAA-8949	JPH AGENCIES LLP	Designated Partner	25/04/2012	25/04/2012	-	Active	NO
29	AAB-1136	PLAZA CINEMA LLP	Designated Partner	11/09/2012	11/09/2012	-	Active	NO

Name :	Parmeet Singh Sawhney
Designation :	Director
Address :	15-A, Friends Colony, West Srinivashpuri, New Delhi-110065, India
Date of Birth/Age :	02.11.1965
Date of Appointment :	27.03.1997
DIN No.:	00036910

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	U74899DL1970PTC005397	EAGLE FORGINGS PRIVATE LIMITED	Director	15/11/1993	15/11/1993	-	Active	NO
2	U24116DL1997PTC086109	KENDA FARBEN INDIA PRIVATE LIMITED	Director	27/03/1997	27/03/1997	-	Active	NO
3	U24119DL1998PTC096806	TECNOGI INDIA PRIVATE LIMITED	Director	23/10/1998	23/10/1998	-	Active	NO
4	U27106DL1999PTC102880	FALCON VENTURES (INDIA) PRIVATE LIMITED	Director	20/12/1999	20/12/1999	-	Active	NO
5	U93090DL1998NPL097629	YPO (DELHI CHAPTER) U/S25	Director	01/07/2005	01/07/2005	30/06/2013	Active	NO
6	U70101DL2005PTC140846	A K SHELTERS PRIVATE LIMITED	Director	28/02/2006	28/02/2006	31/03/2010	Active	NO
7	U99999DL1961PLC003570	FRIENDS CLUB LIMITED	Director	20/09/2009	17/09/2006	29/09/2013	Active	NO
8	U29251DL2006PTC155823	SERENA EAGLE SPA PRIVATE LIMITED	Director	23/11/2006	23/11/2006	-	Strike off	NO
9	U51909DL1997PTC084641	CASHCO (INDIA) PRIVATE LIMITED	Director	04/12/2006	04/12/2006	-	Active	NO
10	U70200DL2006PTC156920	TECHNIC REAL ESTATES PRIVATE LIMITED	Director	21/12/2006	21/12/2006	-	Active	NO
11	U24220DL2008PTC172300	EAGLE KENDA FARBEN INDIA PRIVATE LIMITED	Director	04/01/2008	04/01/2008	-	Active	NO
12	U45200DL2007PTC157357	COMPLIANCE REALTORS PRIVATE LIMITED	Director	04/03/2008	04/03/2008	-	Active	NO
13	U74994DL2008PTC175720	FALCON INTERIOR SOLUTIONS (INDIA) PRIVATE LIMITED	Director	20/03/2008	20/03/2008	-	Active	NO
14	U72200DL2010PTC208717	FALCON TECHNOLOGIES PRIVATE LIMITED	Director	24/09/2010	24/09/2010	-	Active	NO
15	U72200DL2011PTC215049	OPHIO COMPUTER SOLUTIONS PRIVATE LIMITED	Director	01/03/2011	01/03/2011	-	Active	NO
16	AAA-8949	JPH AGENCIES LLP	Designated Partner	25/04/2012	25/04/2012	-	Active	NO
17	AAB-1136	PLAZA CINEMA LLP	Designated Partner	11/09/2012	11/09/2012	-	Active	NO

Name :	Mr. Gaurav Malik
Designation :	Director
Address :	I-1681, 2^nd Floor, Chitranjan Park, New Delhi-110019, India
Date of Birth/Age :	16.08.1968
Date of Appointment :	26.03.1997
DIN No.:	01041834

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	Company/ LLP Status	Defaulting status
1	U74899DL1970PTC005397	EAGLE FORGINGS PRIVATE LIMITED	Director	15/10/1993	15/10/1993	Active	NO
2	U24116DL1997PTC086109	KENDA FARBEN INDIA PRIVATE LIMITED	Director	26/03/1997	26/03/1997	Active	NO
3	U24119DL1998PTC096806	TECNOGI INDIA PRIVATE LIMITED	Director	23/10/1998	23/10/1998	Active	NO
4	U19116TN2002PTC049736	TECNOGI INDIA SHOE COMPONENTS PRIVATE LIMITED	Director	16/10/2002	16/10/2002	Active	NO
5	U24220DL2008PTC172300	EAGLE KENDA FARBEN INDIA PRIVATE LIMITED	Director	04/01/2008	04/01/2008	Active	NO
6	U70200DL2006PTC156920	TECHNIC REAL ESTATES PRIVATE LIMITED	Director	01/07/2008	01/07/2008	Active	NO
7	U27106DL1999PTC102880	FALCON VENTURES (INDIA) PRIVATE LIMITED	Director	16/09/2011	16/09/2011	Active	NO

Name :	Mr. Marco Barbich
Designation :	Director
Address :	Cascina Brusada, 1/A-27020, Marcignago, Pavia, Italy 27020
Date of Birth/Age :	13.11.1950
Date of Appointment :	15.09.2008
DIN No.:	02204887

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	Company/ LLP Status	Defaulting status
1	U24116DL1997PTC086109	KENDA FARBEN INDIA PRIVATE LIMITED	Director	25/09/2008	15/09/2008	Active	NO

Name :	Lucia Carla Maria Barbich
Designation :	Director
Address :	Via Franchi Maggi 9-27100, Pavia, Italy-27100
Date of Birth/Age :	11.04.1980
Date of Appointment :	15.09.2008
DIN No.:	02204900

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	Company/ LLP Status	Defaulting status
1	U24116DL1997PTC086109	KENDA FARBEN INDIA PRIVATE LIMITED	Director	25/09/2008	15/09/2008	Active	NO

Name :	Mr. Maurizio Grimaldi
Designation :	Director
Address :	Orio Alserio 9 Via Giovanni XXIII (BG) Italy 24050
Date of Appointment :	18.04.2013
DIN No.:	06587553

KEY EXECUTIVES

Name :	Mr. Hemant Kumar
Designation :	Accounts and Finance Deputy Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2013

Name of Shareholders	No. of Shares	%age
Jaspla Singh Sawhney	450	0.03
Tecnich Realestates Private Limited, India	766,800	49.97
Kenda Farben (SPA)	767,250	50.00
Total	1,534,500	100.00

AS ON 30.09.2013

Equity Shares Break Up	Percentage of Holding
Bodies corporate	50.00
Directors or relatives of Directors	50.00
TOTAL	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of footwear adhesives, chemicals etc.
Exports :
Countries :	Bangladesh Taiwan Pakistan
Imports :
Products :	Raw Material
Countries :	Germany Italy Spain China Japan
Terms :
Selling :	L/C, Advance Payment
Purchasing :	L/C, Advance Payment

GENERAL INFORMATION

Customers :

• Wholesalers

No. of Employees :

45 (Approximately)

Bankers :

• Punjab and National Bank, H-22, Tropical Building, Coonaught Place, New Delhi-110001, India
• Lord Krishna Bank Limited, K-2, chaudhary Building, Connaught Place, New Delhi-110001, India

Facilities :

Secured Loan	Rs. In Millions 31.03.2013	Rs. In Millions 31.03.2012
Long Term Borrowings
Term Loan
From Bank	18.750	16.625
Vehicle Loan
From Banks	0.061	0.174
From Others	0.031	0.149
Short Term Borrowings
Cash Credit
From Banks Secured by first charge by way of hypothecation of stocks, receivable and all other current assets and equitable mortgage of one leasehold land and also by way of personal guarantee of the directors of the company	10.840	6.523
TOTAL	29.682	23.471

Banking Relations :	--
Auditors :
Name :	V K Dhingra and Company Chartered Accountant
Address :	I-E/15, Jhandewalan Extension, New Delhi-110055, Inida
PAN No.:	AAAFV7051N
Related Parties :	Pyramids Eagle Forgings Private Limited Falcon Ventures India Private Limited
Other Related Parties :	Kenda Farben SPA Technic Real Estates Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
2000000	Equity Shares	Rs.10/- each	Rs. 20.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1534500	Equity Shares	Rs.10/- each	Rs. 15.345 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	15.345	15.345	15.345
(b) Reserves & Surplus	77.324	64.208	57.224
(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)	92.669	79.553	72.569
(3) Non-Current Liabilities
(a) long-term borrowings	61.428	42.102	0.531
(b) Deferred tax liabilities (Net)	0.000	0.106	0.552
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	1.361	0.951	0.563
Total Non-current Liabilities (3)	62.789	43.159	1.646
(4) Current Liabilities
(a) Short term borrowings	14.813	6.523	0.000
(b) Trade payables	44.304	23.571	12.140
(c) Other current liabilities	24.264	25.220	19.537
(d) Short-term provisions	0.234	0.040	0.030
Total Current Liabilities (4)	83.615	55.354	31.707
TOTAL	239.073	178.066	105.922
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	69.001	71.982	24.525
(ii) Intangible Assets	2.141	4.252	6.362
(iii) Capital work-in-progress	11.227	1.487	0.435
(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)	0.399	0.000	0.000
(d) Long-term Loan and Advances	3.041	1.653	1.148
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	85.809	79.374	32.470
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	35.533	33.512	23.120
(c) Trade receivables	86.173	60.473	40.160
(d) Cash and cash equivalents	26.372	1.592	7.190
(e) Short-term loans and advances	5.122	3.114	2.981
(f) Other current assets	0.064	0.001	0.001
Total Current Assets	153.264	98.692	73.452
TOTAL	239.073	178.066	105.922

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013	31.03.2012	31.03.2011
	SALES
	Income	NA	NA	NA
	Other Income	NA	NA	NA
	TOTAL	NA	NA	NA
Less	EXPENSES
	Cost of Materials Consumed	NA	NA	NA
	Purchases of Stock-in-Trade
	Employees benefits expense
	TOTAL	NA	NA	NA
	PROFIT/ (LOSS) BEFORE TAX	20.111	10.600	18.213
Less	TAX	6.995	3.616	6.179
	PROFIT/ (LOSS) AFTER TAX	13.116	6.984	12.034
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	23.037	9.889	NA
	TOTAL EARNINGS	23.037	9.889	NA
	IMPORTS
	Raw Materials	46.359	28.451	NA
	Capital Goods	0.000	1.689	NA
	TOTAL IMPORTS	46.359	30.140	NA
	Earnings / (Loss) Per Share (Rs.)	8.55	4.55	--

Expected Sales (2013-2014) : Rs. 300.000 Millions

The above information has been parted by Mr. Hemant Kumar.

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
Return on Total Assets (PBT/Total Assets}	(%)	8.84	6.00	17.27
Return on Investment (ROI) (PBT/Networth)		0.22	0.13	0.25
Debt Equity Ratio (Total Debt /Networth)		0.82	0.61	0.01
Current Ratio (Current Asset/Current Liability)		1.83	1.78	2.32

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	15.345	15.345	15.345
Reserves & Surplus	57.224	64.208	77.324
Net worth	72.569	79.553	92.669
long-term borrowings	0.531	42.102	61.428
Short term borrowings	0.000	6.523	14.813
Total borrowings	0.531	48.625	76.241
Debt/Equity ratio	0.007	0.611	0.823

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	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
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	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
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	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

Unsecured Loan	Rs. In Millions 31.03.2013	Rs. In Millions 31.03.2012
Long Term Borrowings
External Commercial Borrowings
From Related Party	42.586	25.154
Short Term Borrowings
Foreign Currency Buyers Credit
From Banks	3.973	0.000
TOTAL	46.559	25.154

INDEX OF CHARGES

S. No	Charge ID	Date of Charge Creation /Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN
1	10301601	05/02/2014 *	90,000,000.00	PUNJAB NATIONAL BANK	H-22, TROPICAL BUILDING, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA	B97429682
2	10302289	21/07/2011	20,000,000.00	PUNJAB NATIONAL BANK	H-22, TROPICAL BUILDING,, CONNAUGHT PLACE,, NEW DELHI, DELHI - 110001, INDIA	B18832394
3	10098962	26/03/2008	13,000,000.00	CENTURION BANK OF PUNJAB LIMITED	M-39,OUTER CIRCLE, OPP.SUPER BAZAR,CONNAUGHT CIRCUS, NEW DELHI, DELHI - 110005, INDIA	A36845105
4	10034891	17/01/2007	25,500,000.00	LORD KRISHNA BANK LIMITED	K-2, CHAUDHARY BUILDING, MIDDLE CIRCLE, CONNAOUGHT PLACE, DELHI, DELHI - 110001, INDIA	A09777574
5	90038680	22/01/2004	1,000,000.00	LORD KRISHNA BANK LIMITED	K-2; CHAUDHARY BUILDING, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA	-
6	80000092	17/01/2007 *	29,500,000.00	LORD KRISHNA BANK LIMITED	K-2, CHAUDHARY BUILDING, MIDDLE CIRCLE, CONNAOUGHT PLACE, DELHI, DELHI - 110001, INDIA	-
7	90037159	11/04/2005 *	2,500,000.00	LORD KRISHNA BANK LIMITED	K-2; CHAUDHARY BUILDING, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA	-
8	90036795	05/06/2004 *	500,000.00	LORD KRISHNA BANK LIMITED	K-2; CHAUDHARY BUILDING, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA	-
* Date of charge modification

FIXED ASSETS

• Leasehold Land
• Building
• Plant and Machinery
• Furniture and Fixture
• Vehicles
• Electrical Equipment and Fitting
• Office Equipments

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 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. 61.04
UK Pound	1	Rs. 100.80
Euro	1	Rs. 84.17

INFORMATION DETAILS

Information Gathered by :	SVA
Report Prepared by :	DPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
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	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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		45

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.