1. Summary Information

		Country	India
Company Name	PRECIOUS HOSPITALITY AND LEISURE PRIVATE LIMITED	Principal Name 1	Mr. Devinder Singh Chawal
Status	Moderate	Principal Name 2	Mr. Ramanpreet Kaur
		Registration #	55-091688
Street Address	S-21 and 22, Second Floor, Select Citywalk, Saket, New Delhi - 110017
Established Date	14.01.1998	SIC Code	--
Telephone#	91-11-23328858	Business Style 1	Chain of Restaurant
Fax #	91-11-23716295	Business Style 2	---
Homepage	Not Available	Product Name 1	--
# of employees	Information declined by the management	Product Name 2	--
Paid up capital	Rs. 26,000,000/-	Product Name 3	--
Shareholders	Bodies corporate – 17.69%, Directors or relatives of Directors – 82.31%	Banking	Punjab National Bank
Public Limited Corp.	No	Business Period	16 years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	B (27)
Related Company
Relation	Country	Company Name	CEO
Associates :	--	Happy Heart Hospitality Private Limited	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2012		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	94,855,000	Current Liabilities	55,551,000
Inventories	43,933,000	Long-term Liabilities	76,134,000
Fixed Assets	25,717,000	Other Liabilities	4,283,000
Deferred Assets	0,000	Total Liabilities	135,968,000
Invest& other Assets	4,803,000	Retained Earnings	4,151,000
		Net Worth	33,340,000
Total Assets	169,308,000	Total Liab. & Equity	169,308,000
Total Assets (Previous Year)	137,208,000
P/L Statement as of	31.03.2012		(Unit: Indian Rs.)
Sales	N.A.	Net Profit	1,335,000
Sales(Previous yr)	174,284,000	Net Profit(Prev.yr)	3,319,000

MIRA INFORM REPORT

Report Date :

09.05.2014

IDENTIFICATION DETAILS

Name :	PRECIOUS HOSPITALITY AND LEISURE PRIVATE LIMITED
Registered Office :	S-21 and 22, Second Floor, Select Citywalk, Saket, New Delhi - 110017
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	14.01.1998
Com. Reg. No.:	55-091688
Capital Investment / Paid-up Capital :	Rs. 26.000 Millions
CIN No.: [Company Identification No.]	U70109DL1998PTC091688
TAN No.: [Tax Deduction & Collection Account No.]	DELP07398G
Legal Form :	Private Limited Liability Company
Line of Business :	Chain of Restaurant.
No. of Employees :	Information declined by the management

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 133000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having a moderate track record. Management of the company has failed to file its financials for the year 2013 with the government department. As per available financial 2012, profitability of the company seems to be low. However, trade relations are fair. Business is active. Payments are reported as 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 DECLINED

MANAGEMENT NON – COOPERATIVE (91-11-23328858)

LOCATIONS

Registered Office :	S-21 and 22, Second Floor, Select Citywalk, Saket, New Delhi-110017, India
Tel. No.:	91-11-23328858/ 23716294/ 40597506
Fax No.:	91-11-23716295
E-Mail :	pankajsharmaca@yahoo.co.in rajuchawla@hotmail.com

DIRECTORS

AS ON 29.09.2012

Name :

Mr. Ramanpreet Kaur

Designation :

Director

Address :

2/9, Raj Nagar, Ghaziabad - 207007, Uttar Pradesh, India

Date of Birth/Age :

03.04.1974

Date of Appointment :

01.06.2010

DIN No.:

00428156

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	U24239DL2002PTC115631	STRIKE PHARMACEUTICALS PRIVATE LIMITED	Director	31/05/2002	31/05/2002	30/08/2009	Active	NO
2	U51228DL2004PTC125179	RA WINES PRIVATE LIMITED	Director	15/03/2004	15/03/2004	-	Active	NO
3	U51010DL2004PTC124557	KIRAT HOTELS PRIVATE LIMITED	Director	11/08/2004	11/08/2004	-	Active	NO
4	U55101DL2004PTC124959	RICHMOND LEISURE AND HOTELS PRIVATE LIMITED	Director	12/04/2010	31/08/2004	-	Active	NO
5	U55101DL2005PTC137403	TANTRA RESTAURANTS AND PUBS PRIVATE LIMITED	Director	01/01/2007	01/01/2007	12/03/2008	Active	NO
6	U55204DL2007PTC172070	HYMN HOTELS AND RESORTS PRIVATE LIMITED	Director	31/12/2007	31/12/2007	31/10/2008	Active	NO
7	U51109DL2008PTC183235	WONDERFUL EXPORT PRIVATE LIMITED	Director	01/07/2009	01/07/2009	-	Active	NO
8	U55101DL2009PTC194074	HAPPY HEART HOSPITALITY PRIVATE LIMITED	Director	20/09/2009	20/09/2009	18/06/2012	Active	NO
9	U70109DL1998PTC091688	PRECIOUS HOSPITALITY AND LEISURE PRIVATE LIMITED	Director	01/06/2010	01/06/2010	-	Active	NO
10	U55101DL2009PTC188023	HYMN HOSPITALITY SERVICES PRIVATE LIMITED	Director	27/09/2010	27/09/2010	22/06/2012	Active	NO
11	U51109DL2008PTC179090	KUNJ BIHARI TRADING PRIVATE LIMITED	Director	18/01/2011	18/01/2011	-	Active	NO

Name :

Mr. Ravi Kumar Goenka

Designation :

Director

Address :

Chalta No.23, of PTS, Mundvel Vaddem Vasco Da Gama - 403802, Goa, India

Date of Birth/Age :

06.01.1950

Date of Appointment :

17.02.2011

DIN No.:

03422490

Name :

Mr. Davinder Singh Chawla

Designation :

Additional Director

Address :

2/9, Raj Nagar, Ghaziabad - 207007, Uttar Pradesh, India

Date of Birth/Age :

10.03.1974

Date of Appointment :

27.03.2010

DIN No.:

00428063

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	U24239DL2002PTC115631	STRIKE PHARMACEUTICALS PRIVATE LIMITED	Director	31/05/2002	31/05/2002	-	Active	NO
2	U51010DL2004PTC124557	KIRAT HOTELS PRIVATE LIMITED	Director	10/02/2004	10/02/2004	-	Active	NO
3	U55101DL2004PTC124959	RICHMOND LEISURE AND HOTELS PRIVATE LIMITED	Director	03/03/2004	03/03/2004	-	Active	NO
4	U51228DL2004PTC125179	RA WINES PRIVATE LIMITED	Director	15/03/2004	15/03/2004	-	Active	NO
5	U55101DL2005PTC137403	TANTRA RESTAURANTS AND PUBS PRIVATE LIMITED	Director	14/02/2006	14/02/2006	24/02/2009	Active	NO
6	U55204DL2007PTC172070	HYMN HOTELS AND RESORTS PRIVATE LIMITED	Director	31/12/2007	31/12/2007	-	Active	NO
7	U45201UP2006PTC032148	ADARSH ASHIYANA PRIVATE LIMITED	Director	16/06/2008	16/06/2008	-	Active	NO
8	U51100DL2008PTC183030	DSC EXPORT PRIVATE LIMITED	Director	09/09/2008	09/09/2008	-	Active	NO
9	U51909DL2008PTC183027	SAI RAM EXIM PRIVATE LIMITED	Director	09/09/2008	09/09/2008	-	Active	NO
10	U51109DL2008PTC183235	WONDERFUL EXPORT PRIVATE LIMITED	Director	13/09/2008	13/09/2008	-	Active	NO
11	U55101DL2009PTC188023	HYMN HOSPITALITY SERVICES PRIVATE LIMITED	Director	27/02/2009	27/02/2009	-	Active	NO
12	U72900DL2009PTC189634	HICONNECT MEDIA PRIVATE LIMITED	Director	23/04/2009	23/04/2009	-	Active	NO
13	U70109DL2009PTC189728	HYMN CONSTRUCTIONS PRIVATE LIMITED	Director	27/04/2009	27/04/2009	-	Active	NO
14	U55101DL2009PTC194074	HAPPY HEART HOSPITALITY PRIVATE LIMITED	Director	08/09/2009	08/09/2009	-	Active	NO
15	U51909DL2003PTC121922	EMBEX EXPORTS PRIVATE LIMITED	Director	12/11/2009	12/11/2009	15/12/2010	Active	NO
16	U51101UP2010PTC039440	MEDSOL INDIA OVERSEAS PRIVATE LIMITED	Director	03/02/2010	03/02/2010	-	Active	NO
17	U70109DL1998PTC091688	PRECIOUS HOSPITALITY AND LEISURE PRIVATE LIMITED	Additional director	27/03/2010	27/03/2010	-	Active	NO
18	U51109DL2008PTC179090	KUNJ BIHARI TRADING PRIVATE LIMITED	Director	18/01/2011	18/01/2011	-	Active	NO
19	U74140DL2005PLC137788	LAURENT AND BENON MANAGEMENT CONSULTANTS LIMITED	Additional director	02/09/2011	02/09/2011	20/06/2012	Active	NO
20	U55100DL2012PTC234399	HONEST HOSPITALITY SERVICES PRIVATE LIMITED	Director	17/04/2012	17/04/2012	12/09/2012	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2012

Names of Shareholders	No. of Shares	% age holding
Davinder Singh Chawla	2,140,000	82.31
Richmond Leisure and Hotels Private Limited, India	460,000	17.69
Total	2,600,000	100.00

AS ON 29.09.2012

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	17.69
Directors or relatives of directors	82.31
Total	100.00

BUSINESS DETAILS

Line of Business :

Chain of Restaurant.

GENERAL INFORMATION

Suppliers :

Ø Adi Grafix

Ø Ahuja Vegetable Store

Ø Akasai Laboratories

Ø Aqua Pure Enterprises

Ø Ashish Cheese Products

Ø Bacardi Martini India Limited

Ø Bacardi Martini I Lessee GDGPL.

Ø Basant Crockery House

Ø Bitequest Online Services

Ø Beam Global Spirits and Wines Private Limited

Ø Bhagwati Udyog

Ø Bright Flow Engineer

Ø Bhagat Agencies

Ø BSES Rajdhani Power Limited

Ø B.S. Agency

Ø Brown Forman Worldwide

Ø Brahms Marketing Private Limited

Ø Brindco Sales Limited

Ø Carlsberg India Private Limited

Ø Center Square Communications

Ø Cerana Imports Private Limited

Ø Champangne Indage Limited

Ø Chancellor Club

Ø Chandigarh Dist. and Bottlers Limited

Ø Citadel Fire Aid Technologies

No. of Employees :

Information declined by the management

Bankers :

Ø Punjab National Bank, Mid Corporate Branch, A-9 Connaught Place, New Delhi - 110001, India

Ø Federal Bank Limited, S-571, Greater Kailash-II, New Delhi - 110048, India

Ø The Hongkong and Shanghai Banking Corporation Limited, K-14-18, Sector-18, Noida - 201301, Uttar Pradesh, India

Ø Federal Bank Limited, Greater Kailash-II, New Delhi, India

Ø ICICI Bank Limited

Ø HDFC Bank Limited

Facilities :

Secured Loans	31.03.2012	31.03.2011
	(Rs. In Millions)
SIDBI	10.000	0.000
Cash Credit Limit (Secured against director's personal property at Goa)	0.000	19.368
HDFC Bank Car Loan (Secured against hypothecation of Car)	0.398	0.571
ICICI Bank Car Loan (Secured against hypothecation of Car)	0.757	1.231
PNB (Cash Credit Limit Secured against Personal Property of the Director)	49.678	0.000
Total	60.833	21.170

Banking Relations :	--
Auditors :
Name :	Anurag Associates Chartered Accountants
Address :	609, Ansal's Satyam, Raj Nagar District Centre, Ghaziabad – 201002, Uttar Pradesh, India
E-Mail :	anuragjainca@rediffmail.com
Income-tax PAN of auditor or auditor's firm :	ACHPJ9824E
Associates :	Ø Happy Heart Hospitality Private Limited Ø Hymn Hotels and Resorts Private Limited Ø R.A. Wines Private Limited Ø Richmond Leisure and Hotels Private Limited Ø Kirat Hotels Private Limited Ø Hymn Hospitality Services Private Limited Ø Medsol India Overseas Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
3,600,000	Equity Shares	Rs. 10/- each	Rs. 36.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2,600,000	Equity Shares	Rs. 10/- each	Rs. 26.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2012	31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		26.000	12.000	6.000
2] Share Application Money		3.189	8.259	0.000
3] Reserves & Surplus		4.151	2.816	0.000
4] (Accumulated Losses)		0.000	0.000	(0.503)
NETWORTH		33.340	23.075	5.497
LOAN FUNDS
1] Secured Loans		60.833	21.170	6.140
2] Unsecured Loans		15.301	16.152	17.227
TOTAL BORROWING		76.134	37.322	23.367
DEFERRED TAX LIABILITIES		1.055	1.285	1.156
TOTAL		110.529	61.682	30.020
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		25.717	25.525	25.984
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		4.803	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	43.933	57.175	1.503
	Sundry Debtors	37.428	26.251	1.096
	Cash & Bank Balances	9.805	10.681	2.594
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	47.622	17.576	12.308
Total Current Assets		138.788	111.683	17.501
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	50.774	69.337	8.956
	Other Current Liabilities	4.777	4.248	2.710
	Provisions	3.228	1.941	1.799
Total Current Liabilities		58.779	75.526	13.465
Net Current Assets		80.009	36.157	4.036
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		110.529	61.682	30.020

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income		174.284	62.296
		Other Income		5.239	1.521
		TOTAL	514.558	179.523	63.817
Less	EXPENSES
		Office Expenses
		Administrative Expenses			60.022
		Advertising Expenses
		TOTAL	511.121	175.934	60.022
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		(Including Interest and Depreciation Expenses)	(Including Interest and Depreciation Expenses)	3.795
Less	INTEREST				0.000
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION				3.795
Less/ Add	DEPRECIATION/ AMORTISATION				3.427
	PROFIT BEFORE TAX		3.437	3.589	0.368
Less	TAX		2.102	0.270	(0.316)
	PROFIT AFTER TAX		1.335	3.319	0.684
	EARNINGS IN FOREIGN CURRENCY		2.827	2.827	2.948
	Earnings Per Share (Rs.)		0.51	2.77	1.14

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	0.26	1.85	1.07
Net Profit Margin (PBT/Sales)	(%)	N.A.	2.06	0.59
Return on Total Assets (PBT/Total Assets}	(%)	2.09	2.62	0.85
Return on Investment (ROI) (PBT/Networth)		0.10	0.16	0.07
Debt Equity Ratio (Total Liability/Networth)		2.28	1.62	4.25
Current Ratio (Current Asset/Current Liability)		2.36	1.48	1.30

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2010	31.03.2011	31.03.2012
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	6.000	12.000	12.000
Reserves & Surplus	0.000	2.816	4.151
Net worth	6.000	14.816	16.151
long-term borrowings	6.140	21.170	60.833
Short term borrowings	17.227	16.152	15.301
Total borrowings	23.367	37.322	76.134
Debt/Equity ratio	3.895	2.519	4.714

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2010	31.03.2011	31.03.2012
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Total Income	63.817	179.523	514.558
		181.309	186.625

NET PROFIT MARGIN

Net Profit Margin	31.03.2010	31.03.2011	31.03.2012
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Total Income	63.817	179.523	514.558
Profit	0.684	3.319	1.335
	1.07%	1.85%	0.26%

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	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	Yes
17]	Major suppliers	Yes
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	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

NOTE:

The registered office of the company has been shifted from 1012, 1014, Antriksh Bhawan, 22, K G Marg, New Delhi-110001, India to present address w.e.f.25.05.2011

UNSECURED LOANS

Unsecured Loans	31.03.2012	31.03.2011
	(Rs. In Millions)
Other loan and advances
- From Directors	0.000	0.000
- From Others	0.000	16.152
- From Corporate and Banks	15.301	0.000
Total	15.301	16.152

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10434612	17/05/2013	10,000,000.00	S. E. INVESTMENTS LIMITED	S-547IIND FLOOR MAIN ROAD, SHAKAR PUR, NEW DELHI, DELHI - 110092, INDIA	B78624111
2	10352829	05/05/2012	15,000,000.00	PUNJAB NATIONAL BANK	MID CORPORATE BRANCH, A-9, CONNAUGHT PLACE,, NEW DELHI, DELHI - 110001, INDIA	B38632188
3	10297690	21/07/2011	10,000,000.00	SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA	C-60, SECTOR-2, NOIDA, UTTAR PRADESH - 201301, INDIA	B17030099
4	10268745	17/10/2013 *	69,000,000.00	PUNJAB NATIONAL BANK	MID CORPORATE BRANCH, A-9, CONNAUGHT PLACE, DELHI , DELHI - 110001, INDIA	B88425954
5	90036895	22/11/2001	1,050,000.00	THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED	28; KASTURBA GANDHI MARG, NEW DELHI, DELHI - 110001, INDIA	-

* Date of charge modification

FIXED ASSETS

Ø Building

Ø Plant and Machinery

Ø Vehicles

Ø Computers

Ø Furniture and Fixtures

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.59.99
UK Pound	1	Rs.101.75
Euro	1	Rs.83.48

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	RAS
Report Prepared by :	KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	2
--CREDIT LINES	1~10	3
--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	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		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	--

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.