MIRA INFORM REPORT

Report Date :

22.05.2014

IDENTIFICATION DETAILS

Name :	SRI VENKATESWARA UNIVERSITY HEALTH CENTRE
Registered Office :	The Senior Medical Officer, Tirupati – 517502, Andhra Pradesh
Country :	India
Year of Establishment :	1962
Capital Investment / Paid-up Capital :	Not Divulged
Legal Form :	Semi Government Organization
Line of Business :	It’s a Health Centre.
No. of Employees :	25 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (31)

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

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a semi government service orientated mini hospital extending free medical service to the students, research scholars, employees of S.V. University and their dependent family members, retired employees and their spouses and visitors to the university an various programmes. Trade relations are fair. Business is active. Payment terms are unknown. In view of support from the government the subject 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.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 PARTED BY (GENERAL DETAILS)

Name :	Mr. Ragav Reddy
Designation :	Senior Medical Officer
Contact No.:	91-9908324314
Date :	21.05.2014

LOCATIONS

Registered Office :	The Senior Medical Officer, Tirupati – 517502, Andhra Pradesh, India
Tel. No.:	91-877-2289431
Mobile No.:	91-9908324314 (Mr. Ragav Reddy)
Fax No.:	Not Available
Website :	http://svuniversity.ac.in

MANAGEMENT

Name :	Prof. W. Rajendra
Designation :	Member
Name :	Mr. K. Sathyvely Reddy
Designation :	Member
Name :	Prof. W. Rajendra
Designation :	Vice-Chancellor
Name :	Prof. M.A.K. Sukumar
Designation :	Rector
Name :	Prof. K. Sathyavelu Reddy
Designation :	Registrar
Name :	Mr. N. Kesavulu
Designation :	Joint Registrar
Name :	Prof. V. Srikanth Reddy
Designation :	Dean, CDC
Name :	Dr. O. Mahammad Hussain
Designation :	Dean, Development
Name :	Mr. P. Vasu
Designation :	APRO
Name :	Sri. N.C. Prakash
Designation :	Dy. Registrar (Academic)
Name :	Sri B. Chandraiah
Designation :	Development Officer and Dy. Registrar (Administration Branch)
Name :	Mrs. T. Sathyavani
Designation :	Dy. Registrar (Finance-I)
Name :	Mrs. K.L. Nagamma
Designation :	Dy. Registrar (Special Cell)

KEY EXECUTIVES

Name :	Mr. Ragav Reddy
Designation :	Senior Medical Officer

BUSINESS DETAILS

Line of Business :

It’s a Health Centre.

GENERAL INFORMATION

No. of Employees :	25 (Approximately)
Bankers :	· Andhra Bank, Tirupati, Andhra Pradesh, India · State Bank of India, Tirupati, Andhra Pradesh, India

Banking Relations :	--
Auditors :	Not divulged

CAPITAL STRUCTURE

Capital Investment :
Owned :	Not Divulged
Borrowed :	--
Total :	Not Divulged

FINANCIAL DATA

[all figures are in Rupees Millions]

NOT DIVULGED

The above information has been denied by

Note : Sole Proprietary and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry.

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	No
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	No
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	No
16]	Details of sister concerns	No
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	Yes
24]	Banking facility details	No
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	No
28]	Incorporation details, if applicable	No
29]	Last accounts filed at ROC	No
30]	Major Shareholders, if available	No
31]	Date of Birth of Proprietor/Partner/Director, if available	No
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

WEBSITE DETAILS:

I. PRIORITIES

· The University envisages comprehensive academic excellence by adopting an integrated approach involving students, staff and community.

· In order to achieve international standards, the activities are to be identified by the faculty and authorities.

· The University plans to develop certain centers of excellence in fields of higher standards of attainment.

· The Development activity includes modernization of the existing laboratories to keep abreast with the current developments in instrumentation to make available the sophisticated measuring techniques for students for advanced research and training.

· Special emphasis is to be given for the development and resource generation of students of the socially and economically underprivileged sections.

II. Curriculum Development

· Curriculum development will be based on periodical review complying with Industry/Societal requirements.

· University - Industry - Community inter mobility.

III. Networking

· Providing effective networking facilities for faculty members.

· Mutual utilization of infrastructural facilities and sharing of expertise.

IV. Other Proposed Interactions

· Invited Lectures/talks by eminent personalities in different fields.

· International Conferences.

· Organization of Exhibitions/Inter-University competitions etc.

· Educational and Industrial tours.

V. Integrated Approach in the Development of Curricula at U.G. and P.G. Levels

· Effective measures will be taken to modernize the curriculum at U.G. and P.G. level through integrated approach.

· Periodical combined meetings of BOS of both U.G. and P.G. courses with thrust in multidisciplinary activities.

· The existing programmes will further be strengthened also through introduction of restructured and innovative courses.

VI. Extension Activates

· The University plans to play effective role in supporting and facilitating the organizing process and providing scientific and technical guidance and advice for comprehensive societal development.

· It intends to support this effort in many ways: by providing leadership and vision and technical assistance in organizational development; by offering meeting space; by providing technical and knowledge based consultation service; by identifying resource persons; by involving students in community development programmes.

· The activities are related to identifying the community needs and providing solutions and conducting training programs in the use of new technologies and schemes of governmental and private agencies engaged in integrated development of community encompassing urban and rural areas. This helps in effective dissemination of the knowledge, which is the need of the hour.

VII. Promotion of Distance Learning Programmes both at UG and PG Levels in various disciplines

· One of the challenges posed by globalization is the entry of Foreign Universities into India with highly attractive course modules in the Distance learning mode. Distance Education has therefore become very convenient, economic and cost-effective for the common man. The University proposes to strengthen the Directorate of Distance Education as a model institution to attract large number of students into its fold. The DDE in course of time will emerge as a nodal center for the promotion of education besides meeting the financial needs of the University for its further development.

Academic Senate

Life Members (Class - II)

1. All Donors who are earlier members of the erstwhile senate.

2. All persons who donate an amount not less than rupees five lakhs to the University.(G.O.Ms.No.126, Higher Education (UE.I) Department, dated 23-12-2013)

Members Nominated By the Govt. (Class - III)

1. One-Third or Twenty Professors whichever is less, of the University Colleges,by rotation.

Name	Department	Address
Prof. K. Seshaiah	Department of Chemistry, College of Sciences	S V University ,Tirupati, Andhra Pradesh, India
Prof. N. Balayerikala Reddy	Department of Geology, College of Sciences	S V University ,Tirupati, Andhra Pradesh, India
Prof. S. Vijayakumar Varma	Department of Mathematics, College of Sciences	S V University ,Tirupati, Andhra Pradesh, India
Prof. D. Jamuna	Department of Psychology, College of Sciences	S V University ,Tirupati, Andhra Pradesh, India
Prof. D.V.R. Sai Gopal	Department of Virology, College of Sciences	S V University ,Tirupati, Andhra Pradesh, India
Prof. S. Uthanna	Department of Physics, College of Sciences	S V University ,Tirupati, Andhra Pradesh, India
Prof. K. Thyaga Raju	Department of Bio-Chemistry, College of Sciences	S V University ,Tirupati, Andhra Pradesh, India
Prof. K. Abbaiah	Department of Statistics, College of Sciences	S V University ,Tirupati, Andhra Pradesh, India
Prof. N. Savithramma	Department of Botany, College of Sciences	S V University ,Tirupati, Andhra Pradesh, India
Prof. G. Padmanabham	Department of Sanskrit, College of Sciences	S V University ,Tirupati, Andhra Pradesh, India
Prof. G.M.Sundaravalli	Department of English, College of Arts	S V University ,Tirupati, Andhra Pradesh, India
Prof. G. Stanely Jayakumar	Department of Sociology, College of Arts	S V University ,Tirupati, Andhra Pradesh, India
Prof. K. Padmini	Department of Library and Information Science	S V University ,Tirupati, Andhra Pradesh, India
Prof. S. Abdul Sattar	Department of Philosophy, College of Arts	S V University ,Tirupati, Andhra Pradesh, India
Prof. G. Prabhakar	Department of Chemical Engineering, College of Engineering	S V University ,Tirupati, Andhra Pradesh, India
Prof. P. Mallikarjuna	Department of Civil Engineering, College of Engineering	S V University ,Tirupati, Andhra Pradesh, India , Andhra Pradesh, India
Prof. M. Damodar Reddy	Department of EEE,C ollege of Engineering	S V University ,Tirupati, Andhra Pradesh, India
Dr. R. Seshadri	Director, SVU Computer Centre	S V University ,Tirupati, Andhra Pradesh, India
Prof. V. Venkata Ramana Reddy	Professor and Director Oriental Research Institute	S V University ,Tirupati, Andhra Pradesh, India
Prof. M. Srinivasa Reddy	Department of M.B.A.	S V University ,Tirupati, Andhra Pradesh, India

2. One – Third or Twenty Principals whichever is less of the affiliated colleges in the University area by rotation.

Designation	College Name	Address
Principal	Vignanasudha Degree College	Chittoor, Tirupati, Andhra Pradesh, India
Principal	NPS Govt., Degree College for Women	Chittoor, Tirupati, Andhra Pradesh, India
Principal	Srinivasa Degree College	kalikiri
Principal	Govt., Degree College for Women	Sri Kalahasti ,Chittoor District
Principal	GATE Degree College	Tirupati, Andhra Pradesh, India
Principal	Sri Govindarajaswami Arts College	Tirumal Tirupati Devasthanams, Tirupati
Principal	AER Degree College	Tirupati, Andhra Pradesh, India
Principal	Sri Vidyanikethan Institute of Management	TA. Rangampet, Tirupati, Andhra Pradesh, India
Principal	NTR Govt., Degree College	Vayalpad
Principal	Govt., Degree College	Nagari
Principal	CNR Arts and Science College	Piler
Principal	Sri Bharathi Degree College	Piler
Principal	SPW Degree College	T.T. Devasthanams, Tirupati
Principal	Govt., Degree College	Palamaneru – 517 408 ,Chittoor District
Principal	Gayathri Degree College	Tirupati, Andhra Pradesh, India
Principal	Shri Gnanambika Degree College	Madanapalle – 517 325
Principal	Sri Kalahasthiswara Insti., of Information and Management Sciences	Sri Kalahasti
Principal	Vijayam Degree College	Chittoor - 517 001
Principal	R.C. Reddy Degree College	Tirupati, Andhra Pradesh, India
Principal	B.T. College	Madanapalle

3. Seven persons of whom two shall belong to the members of the Scheduled Castes and one shall belong to Scheduled Tribes, two shall belong to Backward Classes and two shall be women;

Name	Department	Address
Prof. M. Ravi Kumar	Department of Telugu Studies and College of Arts	Tirupati , Andhra Pradesh, India
Sri P. Paramasivan	President, Ambedkar Bhavan	1-5-599, Balaji Colony, Tirupati
Prof. S. Ramanaiah	Department of Telugu Geology and College of Sciences	Tirupati, Andhra Pradesh, India
Sri K. Allmmen Raju	APSBC Wlfare Association	#344, Upstairs ,Nethaji Road, Tirupati, Andhra Pradesh, India
Smt. R. Bhargavi	Social Activist	Narasingapuram, Chandragiri (Mandal)
Dr. C. Subramanyam	Director, RUSH Hospitals	Tirupati, Andhra Pradesh, India
Dr. Chitrapu Swarajya Lakshmi	Principal (Retd.,), SPW College	Flat No.3 05, S.K. Towers, S.V. Nagar, Post-Office Road, Tirupati, Andhra Pradesh, India

4. Two Principals of Junior Colleges or Higher Secondary Schools in the University area;

Designation	College Name	Address
Sri N. Surendra Reddy	Rayalaseema Jr. College	Tirupati
Lion S.K. Kasari Babu	Principal,Emmanuel English Medium High School	296 / C , S.D. Layout, Tirupati

5. Ten persons to represent professionals belonging to the fields of medicine, engineering, business, law, banking etc,

Name	Designation and College Name	Address
Sri Bathini Arunodaya Kumar		Old No. 19-9-25, New No.19-42-S3-177, Kennedy Nagar, Tiruchanoor Road, Tirupati – 2
SrI Y.S. Munirathnamaiah	SG Lecturer and B.T. College	Madanapalle
Sri T. Nagabhusanam	Advocate	19-11-12, Sarada Nagar, Tiruchanur Road,Tirupati – 1
Dr. M. Balasubramanyam	Dean of Research Studies and Senior Scientist Madras Diabetes Research Foundation(MDRF)	No.4 Conran Smith Road, Gopalapuram, Chennai – 600 086
Dr. Galla Ramachandra Naidu	Chairman and Managing Director, Amara Raja Batteries Limited	Karakambadi – 517 520
Sri D. Dwarakanath Reddy	Customs Officer	Old No.829, New No.5,89th Street 13th Sector, K.K. Nagar, Chennai
Sri Balakrishna Moorthy	People’s Action for Social Service (PASS)	Tirupati
Dr. Sudharsini Rallapalli	Opthalmologist and Managing Director	Sri Sai Sudha Multispecialty Hospitals, Reddy and Reddy Colony, Tirupati
Sri Malleswa Rao	Asst., Director (Prog.),Prasar Bharati (I.P.S.B),All India Radio	Visakapatnam – 530 003
Dr. T. Ramachandra Reddy	President,District Govt., Degree College Lecturers Association,Govt., Degree College	Sri Kalahasti

6. Two persons belonging to the non-teaching staff employed in the Colleges of the University area.

Name	Designation and College Name	Address
Sri T.R.Chakradhar	Senior Assistant,Govt., Degree College	Vayalapadu
The Assistant Executive Officer	S.V.Arts College	Tirupati

7. Six students to be nominated on merit basis of whom two shall be under graduates, two shall be under-graduates, two shall be post-graduates, one shall be a research scholar and one student of a professional college.

Name	Address
Ms. Valapati Leelavathi D/o V. Gattappa	Bommanapalli (Village), Gundupalli (Post), Gangavaram (Mandal), Palamaner, Chittoor (Dist.,),(B.Sc.-I Rank)
Mr. Abburi Yogananda Naidu S/o A. Balarama Naidu	Chinna Ramapuram (Village), Bhimavaram (Post), Chandragiri (Mandal), Chittoor (District), (B.Com., - I Rank)
Mr. C. Babu	D.No.3-9, Reddivaripalli (Village), Sadum (Mandal), Chittoor (District) – 517 113(PG)
Mr. P. Shoukat Ali Khan S/o P. Bahadur Khan (late) ,C/o S. Vali Saheb	D.No.1-110,ErrpapiReddigari Palli (Vill and Po), Pulicharla (Mandal), Chittoor District – 517 113 (PG)
Mr. Karivela Pavan Kumar S/o K. Venkatesu	BC Colony, Marrimanda (Village), Papanaidupet (PO), Yerpedu (Mandal), Chittoor (Dist) (Engg)
Dr. B.C.Sundararaja Reddy ,DST Fast Track, Young Scientist, Department of Geology	S.V. University, Tirupati

8. One Librarian of any College in the University area

Name	Designation and College Name	Address
Sri S. Sreekanth Reddy	Librarian and Govt., Degree College	Puttur – 517 583.,Chittoor District

9. One Physical Director of any College in the University area:

Name	Designation and College Name	Address
Smt. Maddi Usha Rani	Lecturer in Physical Education and SPW Degree and PG College	Tirupati

10. Two persons from Research Laboratories or Institutions of the Government of India in the University area.

Name	Designation	Address
Sri Manigandan	Project Co-ordinator, Regional Science Center	Alipiri Bypass Road, Tirupati – 517507
Dr. A. Jayaraman	Director, National Atmospheric Research Lab(NARL),Gaganki	P.O. Box No.123,SVU Campus, TIRUPATI - 517 502

11. One Professor from each of the other Universities in the States

Name	Dept.	Address
Prof. G.V. Sivakrishna Rao	Department of Electrical Engineering	Andhra University,Visakapatnam – 530 003.
Prof. D. Saralakumari	Department of Bio-chemistry	S.K. University, Anantapur – 515003
Dr. M. Vidyavati	Institute of Pharmaceutical Technology ,Head	Visvavidyalayam, Tirupati – 2
Dr. C. Umasankar	Sanskrit vidhyapeeta, Registrar	Tirupati
Prof. S. Dayananda	School of Animal Sciences, University of Hyderabad	Gachibowli, Hyderabad
Prof. Varadarajula Naidu	Department of Biotechnology, Dravidian University	Kuppam, Chittoor (District)

12. Two representatives of the managements of private colleges in the University area.

Name	Designation	Address
Sri Penubala Chandra Sekhar	Correspondent, Sahaya College of Education and Technology	Opp. Rajiv Gruhakalpa, Housing Colony, Kotramangalam, Renigunta Road, Daminedu, Tiruchanoor – 517 503
Sri Y. Ananda Reddy	Correspondent, Rayalaseema Insti. of Information and Management Sciences	Tirupati

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.58.77
UK Pound	1	Rs.99.02
Euro	1	Rs.80.57

INFORMATION DETAILS

Information Gathered by :	HNA
Analysis Done by :	SUB
Report Prepared by :	VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	4
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		31

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.