MIRA INFORM REPORT

Report Date :

06.11.2014

IDENTIFICATION DETAILS

Name :	ALSTRONG ENTERPRISES INDIA PRIVATE LIMITED
Registered Office :	75, Khirki Village, Malviya Nagar, New Delhi - 110017
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	16.09.2011
Com. Reg. No.:	55-225135
Capital Investment / Paid-up Capital :	Rs.21.454 Millions
CIN No.: [Company Identification No.]	U28910DL2011PTC225135
PAN No.: [Permanent Account No.]	AAJCA8713G
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Importers of Aluminum Composite Panel (ACP)
No. of Employees :	400 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

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

Maximum Credit Limit :	USD 1272000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is well-established company having satisfactory track record. Financial position of the company seems to be good. Trade relations are reported to be fair. Business is active. Payment terms are reported to be usually correct and as per commitment. The company can be considered for normal business dealing at usual trade terms and condition.

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 – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
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

N E W S

Verdict Implications : Apex court order may alter coal import dynamics. Traders go slow on talks over coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.

Recent arrest of the Chennai head of the Registrar of Companies, the ministry of corporate affairs arm that ensures that companies file all the information required by the Companies Act is the latest manifestation of a messy fight between a father and his adopted son for the control of Rs 40000 mn business empire. The Central Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10 lakhs as bribe from M A M Ramaswamy, a CBI official said.

Central Bureau of Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.

Infosys maintains revenue guidance. COO Rao says attrition still an area of concern and it would take a few more quarters to bring down levels to 13-15 %.

DHL  to invest Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its e-commerce business model for the Asia-Pacific region.

Blackstone may buy stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.

Kingfisher Airlines Ltd grounded in October 2012 under the weight of heavy debt and accumulated losses, recently approached the Delhi high court for relief in two separate cases. The airline challenged a notice by Punjab & National Bank alleging that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to comply with the requirements under the listing agreements with the Stock Exchanges.

OnMobile likely to sack another 300 employees. The lay-offs follow a spate of senior-level exits over the past two years, starting with of its founder. The overall lay-offs could number around 600 and are driven by the need to cut costs, says a former employee.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long term rating BBB+
Rating Explanation	Have moderate degree of safety and carry moderate credit risk.
Date	January 17, 2014

Rating Agency Name	CRISIL
Rating	Short term rating A2
Rating Explanation	Have strong degree of safety and carry low credit risk.
Date	January 17, 2014

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 31-03-2014.

INFORMATION PARTED BY

Name :	Ms. Parul Goyal
Designation :	Accountant
Contact No.:	91-11-43122777
Date :	05.11.2014

LOCATIONS

Registered Office :	75, Khirki Village, Malviya Nagar, New Delhi – 110017, India
Tel. No. :	91-11-29542698 / 29542460 / 29544896
Fax No. :	91-11-29545475
E-Mail :	cs@worldswindow.cc enquiry@wwq.co.in
Website :	http://www.wwq.co.in
Location:	Owned
Locality:	Commercial
Head Office :	E-40/3, Okhla Industrial Area, Phase – II, New Delhi – 110020, India
Tel No.:	91-11-43122777
Fax No.:	91-11-43122999
E-Mail :	enpuiry@wwg.co.in
Website:	www.wwg.co.in
Factory :	Located At Jammu Samba

DIRECTORS

As on: 30.09.2013

Name :

Mr. Naveen Agrawal

Designation :

Director

Address :

B - 12B, First Floor, Kalkaji, New Delhi – 110019, Delhi, India

Date of Birth/Age :

19.11.1978

Date of Appointment :

23.08.2010

DIN No.:

00113809

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	U51109DL1997PTC085138	WORLDS WINDOW IMPEX INDIA PRIVATE LIMITED	Director	09/12/2000	09/12/2000	-	Active	NO
2	U45200DL2007PTC158702	SHREE G DEVELOPERS PRIVATE LIMITED	Director	02/02/2007	02/02/2007	28/01/2009	Strike off	NO
3	U74996DL2006PTC149207	WORLDS WINDOW INFRASTRUCTURE AND LOGISTICS PVT LTD	Director	12/02/2007	12/02/2007	15/11/2010	Active	NO
4	U51101DL2007PTC163227	VEDANSH BUILDERS PRIVATE LIMITED	Director	10/05/2007	10/05/2007	18/10/2010	Active	NO
5	U51101DL2007PTC163357	WORLDS WINDOW WARDHA INFRASTRUCTURE PRIVATE LIMITED	Director	14/05/2007	14/05/2007	18/10/2010	Active	NO
6	U27203DL2007PTC169010	ALUBOND ACP MANUFACTURING INDIA PRIVATE LIMITED	Director	05/10/2007	05/10/2007	12/11/2010	Active	NO
7	U51909DL2004PTC126459	VASTUSTAR TRADING PRIVATE LIMITED	Additional director	15/12/2007	15/12/2007	18/03/2010	Active	NO
8	U65993DL2008PTC176131	WORLDS WINDOW HOLDING PRIVATE LIMITED	Director	31/03/2008	31/03/2008	-	Active	NO
9	U01403DL2008PTC177388	WORLDS WINDOW AGRO PRIVATE LIMITED	Director	29/04/2008	29/04/2008	18/10/2010	Active	NO
10	U45400DL2008PTC179698	WORLDS WINDOW URJA PRIVATE LIMITED	Director	18/06/2008	18/06/2008	15/02/2010	Active	NO
11	U51909DL2008PTC176155	WORLDS WINDOW TRADING PRIVATE LIMITED	Additional director	23/08/2010	23/08/2010	19/11/2010	Active	NO
12	U27203DL2007PTC169060	ALSTRONG ACP MANUFACTURING INDIA PRIVATE LIMITED	Director	23/08/2010	23/08/2010	-	Active	NO
13	U10100DL2011PTC213669	DHARITRIMAA URJA PRIVATE LIMITED	Director	10/02/2011	10/02/2011	04/06/2012	Active	NO
14	U10100DL2011PTC213722	VASUDHAMAA URJA PRIVATE LIMITED	Director	10/02/2011	10/02/2011	-	Active	NO
15	U63000DL2011PTC216566	KANDLA INFRADEVELOPERS PRIVATE LIMITED	Director	25/03/2011	25/03/2011	-	Active	NO
16	U28910DL2011PTC225135	ALSTRONG ENTERPRISES INDIA PRIVATE LIMITED	Director	16/09/2011	16/09/2011	-	Active	NO
17	U55101DL2011PTC225501	GRANDE CASTELLO PRIVATE LIMITED	Director	26/09/2011	26/09/2011	-	Active	NO
18	U51909DL2011PTC228884	MAGNIFICO MINERALS PRIVATE LIMITED	Director	26/09/2013	14/05/2012	-	Active	NO
19	U51909DL2012PTC239450	WORLDS WINDOW ECOTRADE PRIVATE LIMITED	Director	27/07/2012	27/07/2012	-	Active	NO
20	U51909DL2012PTC246056	ALSTRONG GYPSUM INDIA PRIVATE LIMITED	Director	12/12/2012	12/12/2012	-	Active	NO
21	U51909DL2013PTC249955	EcoFog Equipment Private Limited	Director	28/03/2013	28/03/2013	-	Active	NO

Name :

Mr. Arun Kumar

Designation :

Director

Address :

LG Housing Society Flat No B – 9, Plot No: 3, Sector – 32 PIE, Greater Noida, Uttar Pradesh – 201303, India

Date of Birth/Age :

12.11.1974

Date of Appointment :

16.09.2011

PAN No.:

AEZPG8292D

DIN No.:

03263275

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	U27203DL2007PTC169010	ALUBOND ACP MANUFACTURING INDIA PRIVATE LIMITED	Director	28/09/2013	04/10/2010	-	Active	NO
2	U28910DL2011PTC225135	ALSTRONG ENTERPRISES INDIA PRIVATE LIMITED	Director	16/09/2011	16/09/2011	-	Active	NO
3	U45201DL2008PTC179253	NG Dwelling Private Limited	Director	21/09/2013	04/10/2011	-	Active	NO
4	U51909DL2012PTC246056	ALSTRONG GYPSUM INDIA PRIVATE LIMITED	Director	12/12/2012	12/12/2012	-	Active	NO
5	U63090DL2004PTC123819	MAPLE LOGISTICS PRIVATE LIMITED	Additional director	02/09/2013	02/09/2013	-	Active	NO
6	U63000DL1998PTC225187	SEAGULL MARITIME AGENCIES PRIVATE LIMITED	Director	30/09/2013	02/09/2013	-	Active	NO

Name :

Mr. Sunil Kumar Maheshwari

Designation :

Director

Address :

FPM House No. 11 Indian Institute of Management (IIM), Vastrapur Ahmedabad – 380015, Gujarat, India

Date of Birth/Age :

10.08.1964

Date of Appointment :

30.09.2013

DIN No.:

02317160

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	U74140DL2008PTC181301	WONE MANAGEMENT SYSTEMS PRIVATE LIMITED	Director	19/08/2010	25/08/2008	-	Active	NO
2	U80300DL2012PTC231920	MANAGEMENT EDUCATION FORUM PRIVATE LIMITED	Director	23/02/2012	23/02/2012	-	Active	NO
3	U51909DL2011PTC228884	MAGNIFICO MINERALS PRIVATE LIMITED	Director	26/09/2013	21/05/2012	-	Active	NO
4	U51109DL1997PTC085138	WORLDS WINDOW IMPEX INDIA PRIVATE LIMITED	Director	30/09/2013	23/05/2012	-	Active	NO
5	U67200MP1999PLC013660	NATIONAL BOARD OF TRADE LTD.	Nominee director	04/12/2012	04/12/2012	27/04/2013	Active	NO
6	U28910DL2011PTC225135	ALSTRONG ENTERPRISES INDIA PRIVATE LIMITED	Director	30/09/2013	01/03/2013	-	Active	NO
7	U72300DL2013PTC254383	UMBRELLA PROTECTION SYSTEMS PRIVATE LIMITED	Director	26/06/2013	26/06/2013	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Parul Goyal
Designation :	Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 30.09.2013

Names of Shareholders	No. of Shares
Piyoosh Goyal	536313
Alstrong ACP Manufacturing India Private Limited, India	1609092
Naveen Agrawal	10
Shuchi Bansal	10
Anil Misra	10
Varun Bhasin	10
Arun Kumar	10
Total	2145455

Equity Share Break up (Percentage of Total Equity)

As on: 30.09.2013

Category	Percentage of Holding
Bodies corporate	75.00
Other top fifty shareholders	25.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Importers of Aluminum Composite Panel (ACP)
Imports :
Products :	Raw Material
Countries :	China
Terms :
Selling :	Cash, L/C and Credit
Purchasing :	Cash, L/C and Credit

GENERAL INFORMATION

Customers :

• Siemens
• Reserve Bank of India
• Infosys
• Audi
• MTNL
• Reliance

No. of Employees :

400 (Approximately)

Bankers :

• Punjab National Bank, Navyug Market, Ghaziabad – 201001, Uttar Pradesh, India
• State Bank of India, Commercial Branch, M-47, Connaught Circus, New Delhi – 110001, Delhi, India
• ICICI Bank limited
• Bank of Baroda

Facilities :

SECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG TERM BORROWINGS
Rupee term loans from bank	100.809	84.775
Working capital loans from banks	199.810	180.374
Other loans and advance	41.250	0.000
SHORT TERM BORROWINGS
Loans repayable on demand from bank	295.328	169.292
Other loans and advance	269.186	165.935
Total	906.383	600.376

Banking Relations :	--
Auditors :
Name :	Avdhesh Bansal and Company Chartered Accountant
Address :	26/11, Shakti Nagar, Back Portion, New Delhi – 110007, Delhi, India
Tel. No.:	91-11-23840082
Mobile No.:	91-9999913096
E-Mail :	cankbansal@gmail.com avdheshbansalandco@gmail.com
PAN No.:	AATFA0880F
Ultimate Holding Company:	Alstrong ACP Manufacturing India Private Limited
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	Maple Logistics Private Limited Maple ODC Movers Private Limited Wone Management System Private Limited Alstrong International – Partnership Firm Alubond ACP Manufacturing India Private Limited Worlds Window Infrastructure and Logistics Private Limited Worlds Window Impex India Private Limited

CAPITAL STRUCTURE

After: 30.09.2013

Authorised Capital: Rs. 27.500 Millions

Issued, Subscribed & Paid-up Capital: Rs. 24.454 Millions

As on: 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
2250000	Equity Shares	Rs.10/- each	Rs.22.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2145455	Equity Shares	Rs.10/- each	Rs.21.454 Millions

FINANCIAL DATA

[All figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	21.454	20.000
(b) Reserves & Surplus	423.710	317.022
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	445.164	337.022
(3) Non-Current Liabilities
(a) long-term borrowings	545.939	292.305
(b) Deferred tax liabilities (Net)	46.586	6.390
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	8.695	2.115
Total Non-current Liabilities (3)	601.220	300.810
(4) Current Liabilities
(a) Short term borrowings	564.514	335.235
(b) Trade payables	271.308	29.096
(c) Other current liabilities	99.078	112.434
(d) Short-term provisions	34.030	13.436
Total Current Liabilities (4)	968.930	490.201
TOTAL	2015.314	1128.033
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	627.444	328.969
(ii) Intangible Assets	3.952	4.283
(iii) Capital work-in-progress	9.874	130.216
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	10.000	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	23.334	8.683
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	674.604	472.151
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	458.745	228.730
(c) Trade receivables	421.741	235.365
(d) Cash and cash equivalents	65.872	56.785
(e) Short-term loans and advances	371.315	114.656
(f) Other current assets	23.037	20.346
Total Current Assets	1340.710	655.882
TOTAL	2015.314	1128.033

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012
	SALES
		Income	1365.025	510.661
		Other Income	0.653	0.613
		Provision for contingencies made in earlier years reversed	0.000	7.332
		TOTAL	1365.678	518.606
Less	EXPENSES
		Cost of Materials Consumed		353.407
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade		(42.128)
		Employees benefits expense		41.185
		Other expenses		100.595
		TOTAL	1245.137	453.059
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		(Including Financial and Depreciations Expenses)	65.547
Less	FINANCIAL EXPENSES			18.589
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION			46.958
Less/ Add	DEPRECIATION/ AMORTISATION			3.546
	PROFIT/ (LOSS) BEFORE TAX		120.541	434.412
Less	TAX		52.398	397.390
	PROFIT/ (LOSS) AFTER TAX		68.143	37.022
	IMPORTS
		Raw Materials	450.069	125.465
		Capital Goods	20.205	258.398
	TOTAL IMPORTS		470.274	383.863
	Earnings / (Loss) Per Share (Rs.)

Particulars	31.03.2014
Sales Turnover (Approximately)	2000.000

The above information has been parted by Mr. Parul Goyal.

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	4.99	7.25
Operating Profit Margin (PBDIT / Sales)	(%)	8.83	83.77
Return on Total Assets (PBT/Total Assets}	(%)	6.04	43.54
Return on Investment (ROI) (PBT/Networth)		0.27	1.29
Debt Equity Ratio (Total Debt/Networth)		2.49	1.86
Current Ratio (Current Asset/Current Liability)		1.38	1.34

FINANCIAL ANALYSIS

[All figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)
Share Capital	20.000	21.454
Reserves & Surplus	317.022	423.710
Net worth	337.022	445.164
long-term borrowings	292.305	545.939
Short term borrowings	335.235	564.514
Total borrowings	627.540	1110.453
Debt/Equity ratio	1.862	2.494

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)
Sales	510.661	1365.025
		167.306

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)
Sales	510.661	1365.025
Profit	37.022	68.143
	7.25%	4.99%

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	Yes
12]	Profitability for last two years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	Yes
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
21]	Market information	--
22]	Litigations that the firm / promoter involved in	Yes
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	Yes

LITIGATIONS DETAILS

IN THE HIGH COURT OF DELHI AT New Delhi

CO.PET. 515/2014

UNILITE PLASTIC INDUSTRIES LIMITED..... Petitioner

Through: Mr.C.S.Gupta, Advocate

Versus


M/S ALSTRONG ENTERPRISES INDIA (PRIVATE) LIMITED

..... Respondent

Through:

CORAM:

HON'BLE MR. JUSTICE SANJEEV SACHDEVA

O R D E R

14.08.2014

Co. Appl. No.1823/2014 (for exemption)

Exemption allowed, subject to all just exceptions.

Co. Pet. No.515/2014

Issue notice to the respondent by ordinary process and speed post,

returnable on 10th December, 2014

The Managing Director of the respondent company is directed to file

an affidavit within four weeks enclosing therewith the Profit and Loss

Account and the Balance Sheets for the last three years and also the list

of the bank accounts and the immovable assets of the company.

SANJEEV SACHDEVA, J

AUGUST 14, 2014/sv

$ 28

UNSECURED LOANS

PARTICULAR	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG TERM BORROWINGS
Intercorporate Deposits	9.750	10.406
Loans and advance from others	194.320	16.750
SHORT TERM BORROWINGS
Loans and advance from others	0.000	0.008
Total	204.070	27.164

INDEX OF CHARGES:

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10428428	07/05/2013	730,000.00	PUNJAB NATIONAL BANK	ICD, LONI, GHAZIABAD, UTTARPRADESH - 201102, INDIA	B75989921
2	10379369	10/09/2012	50,000,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI,  MAHARASHTRA - 400001, INDIA	B59234849
3	10339890	23/09/2013 *	1,525,000,000.00	PUNJAB NATIONAL BANK	BRANCH NAVYUG MARKET, NAVYUG MARKET, GHAZIABAD, UTTAR PRADESH - 201001, INDIA	B89445514
4	10338793	23/09/2013 *	1,525,000,000.00	PUNJAB NATIONAL BANK	BRANCH NAVYUG MARKET, NAVYUG MARKET, GHAZIABAD, UTTAR PRADESH - 201001, INDIA	B89445118

BACKGROUND

Subject is engaged in manufacturing of Aluminium Composite Panel sheets which is mainly used in shopping malls, multiplexes, business centres, airports, bus stops, etc. The Alstrong Enterprises was converted into a private limited Company under Chapter IX of the Companies Act and certificate of incorporation was issued to give effect to this change with effect from 16^th September, 2011

FIXED ASSETS

• Land
• Buildings
• Plant and Equipment
• Furniture and Fixtures
• Vehicles
• Office Equipment
• Computer 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 judgment 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.61.39
UK Pound	1	Rs.98.00
Euro	1	Rs.76.98

INFORMATION DETAILS

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

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--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	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		50

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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