MIRA INFORM REPORT

Report Date :

03.05.2014

IDENTIFICATION DETAILS

Name :	RSB INDIA LIMITED
Registered Office :	75, Ganesh Chandra Avenue, 2^nd Floor, Kolkata – 700013, West Bengal
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	10.03.2003
Com. Reg. No.:	21-095906
Capital Investment / Paid-up Capital :	Rs. 7.675 Millions
CIN No.: [Company Identification No.]	U28999WB2003PLC095906
TAN No.: [Tax Deduction & Collection Account No.]	CALR04598G
PAN No.: [Permanent Account No.]	AACCR5225P
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of Industrial Knives.
No. of Employees :	24 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 47000
Status :	Small Company
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a small company in its field. Its scale of activities are limited. The turnover achieved by the company is modest, there also seems some dip in the turnover and profit during 2013. Reserves of the company’s are also low. However, trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some 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.2,453.2 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 PARTED BY

Name :	Mr. Anil Khanna
Designation :	Director
Contact No.:	91-9331105210
Date :	02.05.2014

LOCATIONS

Registered Office :	75, Ganesh Chandra Avenue, 2^nd Floor, Kolkata – 700013, West Bengal, India
Tel. No. :	91-33-22349385/ 22365330/ 22361594
Mobile No. :	91-9331105210 (Mr. Anil Khanna)
Fax No. :	91-33-22365330
E-Mail :	naresh@rsbindialtd.com ambikacacutta@gmail.com
Area :	1000 sq.ft.
Location :	Rented
Factory :	F-450, RICO Industrial Area, Bhiwadi, Rajasthan, India (But soon they will shift their factory to Kolkata)

DIRECTORS

As on 28.09.2013

Name :

Mr. Anil Khanna

Designation :

Director

Address :

75/20, S.N. Roy Road, Kolkata – 700038, West Bengal, India

Date of Birth/Age :

11.08.1952

Date of Appointment :

10.03.2003

PAN No.:

AFYPK9664B

DIN No. :

00321429

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	U24222WB1981PTC033274	CHAMPION PAINTS PRIVATE LIMITED	Director	13/01/1981	13/01/1981	-	Active	NO
2	U65910WB1995PLC074224	CRESCENT SECURITIES LIMITED	Director	13/09/1995	13/09/1995	-	Active	NO
3	U27101KA1993PTC013944	GCI EXPORTS PRIVATE LIMITED	Director	12/07/1996	12/07/1996	-	Active	NO
4	U74992WB1996PTC081613	AMBIKA OVERSEAS PRIVATE LIMITED	Director	07/10/1996	07/10/1996	07/09/2012	Active	NO
5	U67110WB1995PTC075154	PRIMAX MANAGEMENT SERVICES PRIVATE LIMITED	Director	22/10/1999	22/10/1999	01/12/2010	Active	NO
6	U28999WB2003PLC095906	RSB INDIA LIMITED	Director	10/03/2003	10/03/2003	-	Active	NO
7	U51909WB1991PTC053555	SCORPIO EXIM PRIVATE LIMITED	Director	16/08/2003	16/08/2003	28/05/2012	Active	NO
8	U65993WB1993PTC057747	GREEN VIEW INVESTMENT AND TRADING COMPANY PRIVATE LIMITED	Director	15/05/2004	15/05/2004	01/12/2010	Active	NO
9	U29221WB1995PTC074543	STOKES PARKING SYSTEMS INDIA PRIVATE LIMITED	Director	15/05/2004	15/05/2004	-	Active	NO
10	U27109WB2006PTC109530	CASTLE CASTINGS PRIVATE LIMITED	Director	23/05/2006	23/05/2006	-	Active	NO
11	U70101WB2006PTC109568	CASTLE TOWERS PRIVATE LIMITED	Director	24/05/2006	24/05/2006	26/05/2008	Active	NO
12	U70101WB2006PTC109545	CASTLE ENCLAVE PRIVATE LIMITED	Director	24/05/2006	24/05/2006	26/05/2008	Active	NO
13	U70101WB2006PTC109567	CASTLE MULTICON (PRIVATE) LIMITED	Director	24/05/2006	24/05/2006	-	Active	NO
14	U70101WB2006PTC109562	CASTLE PROMOTERS PRIVATE LIMITED	Director	25/05/2006	25/05/2006	26/05/2008	Active	NO
15	U27106WB2003PTC097135	GOEL ALLOY AND STEEL PRIVATE LIMITED	Director	15/10/2007	15/10/2007	26/03/2009	Active	NO
16	U70101WB1998PTC088380	CASTLE PROJECTS PRIVATE LIMITED	Director	03/01/2008	03/01/2008	01/12/2010	Active	NO

Name :

Mr. Naresh Goel

Designation :

Director

Address :

10, Alipore Park Road, Kolkata – 700027, West Bengal, India

Date of Birth/Age :

25.09.1964

Date of Appointment :

10.03.2003

PAN No. :

ADOPG5221E

DIN No. :

00321427

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	U51226WB1989PTC046029	MOON LIGHT TRADE ASSOCIATES PRIVATE LIMITED	Director	01/12/1993	01/12/1993	-	Active	NO
2	U51109WB1994PTC066758	CAPLIN BARTER PRIVATE LIMITED	Director	05/03/1995	05/03/1995	23/02/2013	Active	NO
3	U74140WB1995PTC068041	ANALYTICAL MANAGEMENT CONSULTANTS PRIVATE LIMITED	Director	05/03/1995	05/03/1995	28/12/2012	Active	NO
4	U51109WB1996PTC077946	LUPIN CONSULTANTS PRIVATE LIMITED	Director	15/04/1996	15/04/1996	23/02/2013	Active	NO
5	U51909WB1994PTC062029	ELLORA COMMOTRADE PRIVATE LIMITED	Director	21/08/1996	21/08/1996	04/01/2013	Active	NO
6	U74992WB1996PTC081613	AMBIKA OVERSEAS PRIVATE LIMITED	Director	07/10/1996	07/10/1996	-	Active	NO
7	U51909WB1994PTC062083	BHAWANI VYAPAAR PRIVATE LIMITED	Director	24/12/1996	24/12/1996	23/02/2013	Active	NO
8	U52343WB1996PTC082419	DOLPHIN COMMOTRADE PRIVATE LIMITED	Director	31/12/1996	31/12/1996	19/03/2013	Active	NO
9	U52110WB1997PTC082767	KUBER BARTER PRIVATE LIMITED	Director	30/01/1997	30/01/1997	23/02/2013	Active	NO
10	U51909WB1994PTC062082	STRONGMEN TRADE AND COMMERCE PRIVATE LIMITED	Director	20/02/1997	20/02/1997	23/02/2013	Active	NO
11	U51109WB1992PTC054767	FORT INFRASTRUCTURE DEVELOPMENT PRIVATE LIMITED	Director	07/07/1997	07/07/1997	23/02/2013	Active	NO
12	U51109WB1997PTC085752	GRACEFUL DISTRIBUTORS PRIVATE LIMITED	Director	23/10/1997	23/10/1997	23/02/2013	Active	NO
13	U51109WB1997PTC085765	PRAGATI AGENCY PRIVATE LIMITED	Director	24/10/1997	24/10/1997	23/02/2013	Active	NO
14	U70101WB1997PTC086073	SHREYANS HOLDINGS PRIVATE LIMITED	Director	10/12/1997	10/12/1997	23/02/2013	Active	NO
15	U51109WB1998PTC086412	GRIPEX BARTER PRIVATE LIMITED	Director	27/01/1998	27/01/1998	-	Active	NO
16	U51109WB1994PTC066763	SREE SANWAR ESTATES PRIVATE LIMITED	Director	24/08/1998	24/08/1998	08/04/2010	Active	NO
17	U52110WB1996PTC082420	APEX VYAPAAR PRIVATE LIMITED	Director	29/08/1998	29/08/1998	23/02/2013	Active	NO
18	U67110WB1995PTC075154	PRIMAX MANAGEMENT SERVICES PRIVATE LIMITED	Director	22/10/1999	22/10/1999	-	Active	NO
19	U51109WB1996PTC077937	ATCO MANAGEMENT PRIVATE LIMITED	Director	18/04/2000	18/04/2000	23/02/2013	Active	NO
20	U67120WB1995PTC067088	PANDITIYA DEVELOPERS PRIVATE LIMITED	Director	18/10/2002	18/10/2002	23/02/2013	Active	NO
21	U65993WB1993PTC061259	BHUWALKA NIRMAN AND HOLDING PRIVATE LIMITED	Director	18/10/2002	18/10/2002	23/02/2013	Active	NO
22	U28999WB2003PLC095906	RSB INDIA LIMITED	Director	10/03/2003	10/03/2003	-	Active	NO
23	U51909WB1987PTC042332	ORIENTAL SALES AGENCIES (INDIA) PRIVATE LIMITED	Director	25/03/2003	25/03/2003	25/04/2008	Active	NO
24	U51909WB1991PTC053555	SCORPIO EXIM PRIVATE LIMITED	Director	16/08/2003	16/08/2003	-	Active	NO
25	U24222WB1981PTC033274	CHAMPION PAINTS PRIVATE LIMITED	Director	03/09/2003	03/09/2003	-	Active	NO
26	U27101KA2003PTC032826	GCI CASTINGS (INDIA) PRIVATE LIMITED	Director	06/11/2003	06/11/2003	-	Active	NO
27	U65993WB1993PTC057747	GREEN VIEW INVESTMENT AND TRADING COMPANY PRIVATE LIMITED	Director	15/05/2004	15/05/2004	-	Active	NO
28	U70101WB1998PTC088380	CASTLE PROJECTS PRIVATE LIMITED	Director	01/11/2004	01/11/2004	-	Active	NO
29	U27109WB2006PTC109530	CASTLE CASTINGS PRIVATE LIMITED	Director	23/05/2006	23/05/2006	-	Active	NO
30	U70101WB2006PTC109567	CASTLE MULTICON (PRIVATE) LIMITED	Director	24/05/2006	24/05/2006	-	Active	NO
31	U27106WB2003PTC097135	GOEL ALLOY AND STEEL PRIVATE LIMITED	Director	15/10/2007	15/10/2007	-	Active	NO
32	U70101WB2006PTC109562	CASTLE PROMOTERS PRIVATE LIMITED	Director	21/12/2007	21/12/2007	-	Active	NO
33	U70101WB2006PTC109568	CASTLE TOWERS PRIVATE LIMITED	Director	21/12/2007	21/12/2007	-	Active	NO
34	U70101WB2006PTC109545	CASTLE ENCLAVE PVT LTD	Director	21/12/2007	21/12/2007	-	Active	NO
35	U45400WB2008PTC122034	SIDDHI NIRMAN PRIVATE LIMITED	Director	23/01/2008	23/01/2008	-	Active	NO
36	U70109WB2008PTC127658	SIDDHI TOWNSHIP PRIVATE LIMITED	Director	18/07/2008	18/07/2008	-	Active	NO
37	U45400WB2008PTC127646	CASTLE HEIGHTS PRIVATE LIMITED	Director	18/07/2008	18/07/2008	-	Active	NO
38	U45400WB2008PTC127644	CASTLE SHELTER PRIVATE LIMITED	Director	18/07/2008	18/07/2008	-	Active	NO
39	U70109WB2008PTC127660	SIDDHI ENCLAVE PRIVATE LIMITED	Director	18/07/2008	18/07/2008	01/03/2014	Active	NO
40	U70109WB2008PTC127643	SIDDHI ABASAN PRIVATE LIMITED	Director	18/07/2008	18/07/2008	01/03/2014	Active	NO
41	U70109WB2008PTC127669	SIDDHI HEIGHTS PRIVATE LIMITED	Director	19/07/2008	19/07/2008	-	Active	NO
42	U70109WB2008PTC127662	SIDDHI DEVCON PRIVATE LIMITED	Director	19/07/2008	19/07/2008	-	Active	NO
43	U70109WB2008PTC127688	SIDDHI NIKETAN PRIVATE LIMITED	Director	19/07/2008	19/07/2008	30/12/2013	Active	NO

Name :

Mr. Sunil Kumar Vohra

Designation :

Director

Address :

G-8, EA, 148 Maya Enclave, New Delhi – 110064, India

Date of Birth/Age :

02.07.1950

Date of Appointment :

09.12.2003

DIN No. :

01670946

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	U80904DL1997PLC088737	PERFECT APTITUDE TESTING SERVICES INDIA LIMITED	Director	28/07/1997	28/07/1997	Active	NO
2	U28999WB2003PLC095906	RSB INDIA LIMITED	Director	09/12/2003	09/12/2003	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 28.09.2013

Names of Shareholders	No. of Shares	Percentage of Holding
Paritosh Mazumdar	100	0.01
Anita Goel	15000	1.95
Ranjana Khanna	5000	0.65
Anil Khanna	226000	29.45
Agam Swaroop Khanna	3900	0.51
Kusum Khanna	5000	0.65
Sunil Kumar Vohra	50000	6.51
Greenview Investment and Trading Company, India	320000	41.69
Primax Management Services Private Limited, India	142500	18.57
Total	767500	100.00

As on 28.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Bodies corporate	60.26
Directors or relatives of Directors	37.92
Other top fifty shareholders	1.82
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Industrial Knives.
Exports :
Products :	Industrial Knives
Countries :	· Middle East · Germany
Imports :
Products :	Machinery
Countries :	· Germany · Slovakia
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

No. of Employees :	24 (Approximately)
Bankers :	· Small Industries Development Bank of India, SIDBI Tower, 15, Ashok Marg, Lucknow - 226001, Uttar Pradesh, India · Citi Bank, 41, Chowringhee Road, Kolkata, West Bengal, India · HDFC Bank Limited, Central Plaza, Kolkata, West Bengal, India · Andhra Bank Limited · Corporation Bank · ABN Amro Bank

Banking Relations :	--
Auditors :
Name :	P. Lath and Company Chartered Accountants
Address :	33, Canning Street, Chopra House, 1st Floor, Kolkata – 700001, West Bengal, India
Income-tax PAN of auditor or auditor's firm :	AAZTL8420J

CAPITAL STRUCTURE

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
1,000,000	Equity Shares	Rs.10/- each	Rs. 10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
767,500	Equity Shares	Rs.10/- each	Rs. 7.675 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	7.675	7.675	7.675
(b) Reserves & Surplus	3.993	3.888	3.759
(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)	11.668	11.563	11.434
(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	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	0.000	0.000	0.000
(4) Current Liabilities
(a) Short term borrowings	1.668	1.555	6.910
(b) Trade payables	0.000	0.012	0.003
(c) Other current liabilities	9.048	11.564	4.046
(d) Short-term provisions	0.000	0.034	0.000
Total Current Liabilities (4)	10.716	13.165	10.959
TOTAL	22.384	24.728	22.393
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	15.702	16.431	11.228
(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	0.116	0.116	0.116
Total Non-Current Assets	15.818	16.547	11.344
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	3.431	3.431	3.329
(c) Trade receivables	2.376	3.536	0.702
(d) Cash and cash equivalents	0.623	0.992	1.017
(e) Short-term loans and advances	0.115	0.222	6.001
(f) Other current assets	0.021	0.000	0.000
Total Current Assets	6.566	8.181	11.049
TOTAL	22.384	24.728	22.393

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	2.060	3.292	1.545
		Other Income	0.066	0.132	0.864
		TOTAL (A)	2.126	3.424	2.409
Less	EXPENSES
		Purchase of Stock-in-trade	0.000	0.000	0.008
		Changes in inventories of stock-in-trade	0.000	(0.101)	0.017
		Employees benefits expense	0.403	0.446	0.522
		Loss on Sale of Fixed Assets	0.000	0.000	0.034
		Other expenses	0.823	0.605	0.734
		TOTAL (B)	1.226	0.950	1.315
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		0.900	2.474	1.094
Less	FINANCIAL EXPENSES (D)		0.070	1.446	0.010
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		0.830	1.028	1.084
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.730	0.848	0.996
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		0.100	0.180	0.088
Less	TAX (H)		(0.005)	0.050	0.000
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		0.105	0.130	0.088
	Earnings / (Loss) Per Share (Rs.)		0.14	0.17	0.12

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	4.94	3.80	3.65
Net Profit Margin (PBT/Sales)	(%)	4.85	5.47	5.70
Return on Total Assets (PBT/Total Assets}	(%)	0.45	0.73	0.39
Return on Investment (ROI) (PBT/Networth)		0.01	0.02	0.01
Debt Equity Ratio (Total Debt/Networth)		0.14	0.13	0.60
Current Ratio (Current Asset/Current Liability)		0.61	0.62	1.01

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	7.675	7.675	7.675
Reserves & Surplus	3.759	3.888	3.993
Net worth	11.434	11.563	11.668
long-term borrowings	0.000	0.000	0.000
Short term borrowings	6.910	1.555	1.668
Total borrowings	6.910	1.555	1.668
Debt/Equity ratio	0.604	0.134	0.143

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	1.545	3.292	2.060
		113.074	-37.424

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	1.545	3.292	2.060
Profit	0.088	0.130	0.105
	5.70%	3.95%	5.10%

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	Yes
32]	PAN of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	90254418	21/09/2004 *	11,000,000.00	SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA	8TH FLOOR, 11 DR. U. N. BRAHMCHARI STREET, KOLKATA, WEST BENGAL - 700017, INDIA	-

* Date of charge modification

UNSECURED LOANS

PARTICULAR	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
SHORT TERM BORROWINGS
Loans from directors and relatives of director	0.000	0.033
Loans from others repayable on demand -Inter-Corporate deposits	1.668	1.522
Total	1.668	1.555

WORKING RESULTS

The Construction work is at present carrying on at the New Alipore site so all expenses have been transferred to Work-in-progress Account and thus the working results of the company for the financial year ended 31st March 2013 shows a profit of Rs. 0.105 Millions.

FIXED ASSETS

· Land

· Building

· Plant and Equipment’s

· Furniture and Fixture

· Vehicles (Car)

· Electrical Fittings

· Miscellaneous Assets

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.60.23
UK Pound	1	Rs.101.68
Euro	1	Rs.83.46

INFORMATION DETAILS

Information Gathered by :	HNA
Analysis Done by :	DIV
Report Prepared by :	MRI

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	2
--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		27

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.