MIRA INFORM REPORT

Report Date :

18.10.2014

IDENTIFICATION DETAILS

Name :	TRINITY TRADELINK LIMITED (w.e.f. 28.03.2014)
Formerly Known As :	OMNITECH PETROLEUM LIMITED (w.e.f. 19.04.2011) SHARP TRADING AND FINANCE LIMITED
Registered Office :	D-103, Devraj CHS, S.V. Road, Goregaon (West), Mumbai – 400 062, Maharashtra
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	30.03.1985
Com. Reg. No.:	11-035826
Capital Investment / Paid-up Capital :	Rs.262.558 millions
CIN No.: [Company Identification No.]	L11103MH1985PLC035826
PAN No.: [Permanent Account No.]	AAFCS8117C
Legal Form :	Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Trader, Exporter and Importer of Jute Products, Tea Products, Iron Steel, Electronic Consumer Products.
No. of Employees :	19 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (32)

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

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. Rating reflects moderate financial risk profile marked by low reserves of the company. Trade relations are reported to be fair. Business id active. Payment are reported to be slow but correct. The company can be considered for business dealing with some caution. Note : As claimed by Mr. Uday, Accounts Manager of Trinity Tradelink Limited and Mr. Vikrant Kayan, director of Trinity Tradelink Limited that Trinity Tradelink got merged with Omnitech Petroleum, Limited in January 2014 and merged company has become Omnitech Petroleum Limited and further they have changed company name from Omnitech Petroleum Limited to Trinity Tradelink Limited.

NOTES :

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

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.

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 :	Mr. Uday Sharma
Designation :	Internal Auditor
Contact No.:	91-33-22903860
Date :	15.10.2014

LOCATIONS

Registered Office :	D-103, Devraj CHS, S.V. Road, Goregaon (West), Mumbai – 400 062, Maharashtra, India
Tel. No.:	91-22-28763228
Fax No.:	91-22-28763229
E-Mail :	ttplex.m@gmail.com investors@omnipetro.in
Website :	www.trinitytrade.in
Location :	Owned
Corporate Office :	Unit No.4-B, 4^th Floor, 238-B, AJC Bose Road, Kolkata – 700 020, West Bengal, India
Tel. No.:	91-33-22903860
Fax No.:	91-33-22903867
E-Mail :	corpoffice@trinitytrade.in

DIRECTORS

As on 31.03.2014

Name :	Mr. Sukumar Das
Designation :	Executive Director
Address :	15, Harish Chatterjee Street, Kolkata – 700 025, West Bengal, India
Date of Birth/Age :	26.01.1963
Qualification :	B. Sc.
Date of Appointment :	28.06.2012
DIN No.:	00760908
Name :	Mr. Vikrant Kayan
Designation :	Chairperson and Managing Director
Address :	9, Sunny Park, Ballygunge, Kolkata – 700 019, West Bengal, India
Date of Birth/Age :	23.08.1973
Qualification :	B. Com
Date of Appointment :	28.09.2013
DIN No.:	00761044
PAN No.:	AFJPK8437M
Name :	Mrs. Purnima Maity
Designation :	Director
Date of Appointment :	27.09.2014
DIN No.:	06932797
Name :	Mr. Bhaskar Paul
Designation :	Director
Address :	5B, Rishi Bankim Chandra Road, Behala, Kolkata – 700 034, West Bengal, India
Date of Birth/Age :	10.12.1970
Date of Appointment :	27.09.2014
DIN No.:	06545416
Name :	Mr. Vikash Dubey
Designation :	Director
Address :	P/1, Unique Park, Kolkata – 700 034, West Bengal, India
Date of Birth/Age :	01.12.1985
Date of Appointment :	27.09.2014
DIN No.:	06548810

KEY EXECUTIVES

Name :	Ms. Amita Diwan
Designation :	Secretary
Address :	8/1N, Diamond Harbour Road, Kolkata – 700 027, West Bengal, India
Date of Birth/Age :	18.07.1983
Date of Appointment :	07.11.2013
PAN No.:	AGFPD8524M
Name :	Mr. Saroj Kumar Saawgee
Designation :	Chief Financial Officer

SHAREHOLDING PATTERN

As on 30.06.2014

Category of Shareholder	Total No. of Shares	As a %
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Bodies Corporate	75288620	28.68
Any Others (Specify)	14724000	5.61
Directors/Promoters & their Relatives & Friends	11546500	4.40
Trust	3177500	1.21
Sub Total	90012620	34.28
(2) Foreign
Sub Total
Total shareholding of Promoter and Promoter Group (A)	90012620	34.28
(B) Public Shareholding
(1) Institutions
Foreign Institutional Investors	--	--
Sub Total
(2) Non-Institutions
Bodies Corporate	62119994	24.18
Individuals
Individual shareholders holding nominal share capital up to Rs. 0.100 Million	25896197	10.98
Individual shareholders holding nominal share capital in excess of Rs. 0.100 Million	70078700	30.26
Any Others (Specify)	779489	0.30
Clearing Members	654489	0.25
Trusts	125000	0.05
Sub Total	158874380	65.72
Total Public shareholding (B)	158874380	65.72
Total (A)+(B)	248887000	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued
(1) Promoter and Promoter Group	0	0.00
(2) Public	0	0.00
Sub Total	0	0.00
Total (A)+(B)+(C)	0	100.00

Shareholding of securities (including shares, warrants, convertible securities) of persons belonging to the category Promoter and Promoter Group

Name of the Shareholder	Details of Shares held
	No. of Shares held	As a % of grand total (A)+(B)+(C)
Dunhil Healthcare Pvt Ltd	7,52,88,620	28.68
Shaleni Kayan	1,000	0.00
Vikrant Kayan	15,75,000	0.60
Vikrant Kayan	1,15,45,500	4.40
Vikrant Kayan	16,02,500	0.61
Total	9,00,12,620	34.28

Shareholding of securities (including shares, warrants, convertible securities) of persons belonging to the category Public and holding more than 1% of the total number of shares

Name of the Shareholder	No. of Shares held	Shares as % of Total No. of Shares
Ashish V Karia	3457900	1.32
Asian Fintrade Services Pvt Ltd	4930970	1.88
Goodpoint Wholeseller Pvt Ltd	2769713	1.05
Ivytree Agency Pvt Ltd	3287230	1.25
Saraf Equity Services Pvt Ltd	4020350	1.53
Total	18466163	7.03

BUSINESS DETAILS

Line of Business :	Trader, Exporter and Importer of Jute Products, Tea Products, Iron Steel, Electronic Consumer Products.
Exports :
Products :	Jute Products Tea Products Iron Steel
Countries :	Europe USA Africa
Imports :
Products :	Raw Materials
Countries :	Australia Singapore China Taiwan
Terms :
Selling :	Cash and Advance
Purchasing :	Cash

GENERAL INFORMATION

Customers :

Wholesaler, Retailers and End Users

No. of Employees :

19 (Approximately)

Bankers :

Kotak Mahindra Bank Limited, Kolkata, West Bengal, India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
From Banks
Car Loan from HDFC Bank	6.453	0.000
Total	6.453	0.000

Banking Relations :	---
Auditors :
Name :	D.K. Chhajer and Company Chartered Accountants
Address :	5, Old Court, House Street, Kolkata – 700 001, West Bengal, India
PAN No.:	AADFD5743N
Associates :	Dunhil Healthcare Private Limited, India (CIN No.: U85100WB2009PTC137714)

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
50000000	Equity Shares	Rs.10/- each	Rs. 500.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
26255805	Equity Shares	Rs.10/- each	Rs. 262.558 Million

Details of Shareholders holding more than 5% shares in the company

Name of the Shareholders	As at 31st March, 2014
	No of Shares	% of holding
Dunhil Healthcare Private Limited	7528862	28.68%
	7528862	28.68%

Reconciliation of number of shares	2013-14
	No of Shares	Amount
Shares outstanding at the beginning of the Add : Shares issued pursuant to the scheme of arrangement Shares outstanding at the year end of the year	245000 26010805	2,450,000 260,108,050
	26010805	260,108,050

Note:

Pursuant to scheme of arrangement one equity share of Transferee Company to be issued against each share of Transferor Company

Rights, Preferences & Restrictions Attached To Shares:

The company has only one class of equity shares having a par value of Rs.10/- per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting. In the event of liquidation, the equity shareholders are eligible to recieve the remaining assets of the company after distribution of all preferential amounts in proportion to their shareholding.

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	262.558	2.450	2.45
(b) Reserves & Surplus	1.692	(4.909)	(3.036)
(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)	264.250	(2.459)	(0.586)
(3) Non-Current Liabilities
(a) long-term borrowings	11.024	2.528	2.059
(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)	11.024	2.528	2.059
(4) Current Liabilities
(a) Short term borrowings	7.257	0.000	0.000
(b) Trade payables	240.471	0.000	0.149
(c) Other current liabilities	1.943	0.018	0.009
(d) Short-term provisions	1.877	0.000	0.000
Total Current Liabilities (4)	251.548	0.018	0.158
TOTAL	526.822	0.087	1.631
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	10.781	0.000	0.000
(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)	0.949	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	1.567
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	11.730	0.000	1.567
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	1.694	0.000	0.000
(c) Trade receivables	211.029	0.000	0.000
(d) Cash and cash equivalents	52.028	0.077	0.059
(e) Short-term loans and advances	248.116	0.010	0.005
(f) Other current assets	2.225	0.000	0.000
Total Current Assets	515.092	0.087	0.064
TOTAL	526.822	0.087	1.631

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	1173.932	0.000	0.000
		Other Income	2.286	0.287	0.009
		TOTAL (A)	1176.218	0.287	0.000
Less	EXPENSES
		Purchases of Stock-in-Trade	1120.311	0.000	0.000
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	0.027	0.000	0.000
		Employees benefits expense	1.530	0.253	0.272
		Other expenses	42.765	1.887	1.825
		TOTAL (B)	1164.633	2.140	2.097
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		11.585	(1.853)	(2.097)
Less	FINANCIAL EXPENSES (D)		0.856	0.000	0.000
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		10.729	(1.853)	(2.097)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		3.788	0.000	0.000
	PROFIT BEFORE TAX (E-F) (G)		6.941	(1.853)	(2.097)
Less	TAX (H)		0.394	0.006	0.000
	PROFIT AFTER TAX (G-H) (I)		6.547	(1.859)	(2.097)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(4.909)	(3.037)	(90.94)
	BALANCE CARRIED TO THE B/S		1.638	(4.909)	(3.037)
	Earnings Per Share (Rs.)		0.25	(7.59)	(8.56)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
PAT / Total Income	(%)	0.56	(647.74)	0.000
Net Profit Margin (PBT/Sales)	(%)	0.59	0.000	0.000
Return on Total Assets (PBT/Total Assets}	(%)	1.32	(2129.89)	(128.57)
Return on Investment (ROI) (PBT/Networth)		0.03	0.75	3.58
Debt Equity Ratio (Total Debt /Networth)		0.07	(1.03)	(3.51)
Current Ratio (Current Asset/Current Liability)		2.05	4.83	0.41

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	2.450	2.450	262.558
Reserves & Surplus	(3.036)	(4.909)	1.692
Net worth	(0.586)	92.459)	264.250
long-term borrowings	2.059	2.528	11.024
Short term borrowings	0.000	0.000	7.257
Total borrowings	2.059	2.528	18.281
Debt/Equity ratio	(3.514)	91.028)	0.069

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)
Total Income	0.287	1176.218
		409,732.056

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)
Total Income	0.287	1176.218
Profit	(1.859)	6.547
	(647.74)%	0.56%

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 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	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]	PAN of Proprietor/Partner/Director, if available	Yes
32]	Date of Birth 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

UNSECURED LOAN

(Rs. In Millions)

Particulars	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
From Related Parties	3.669	1.643
From others	0.902	0.885
SHORT TERM BORROWING
From Body Corporate	7.257	0.000
Total	11.828	2.528

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

STATEMENT OF STANDALONE UNAUDIATED FINANCIAL RESULTS FOR THE QUARTER AND 3 MONTHS ENDED 30 JUME 2014

Sr. No	Particulars		Standalone
			Quarter Ended
			30.06.2014
			Unaudited
1	Income From Operations
	a. Net Sales/ Income from Operations (Net of Excise Duty)		292.841
	b. Other Operating Income		1.025
	Total Income from Operations (Net)		293.866
2	Expenditure
	a. Cost of material Consumed		--
	b. Purchase of Stock-in trade		273.890
	c. Changes in inventory of finished Goods, work- in-progress and Stock-in-trade		0.764
	d. Employees Benefit Expenses		0.760
	e. Depreciation and Amortisation Expenses		0.700
	f. VAT Expenses for Earlier Years		0.014
	g. Other expenses		4.938
	Total Expenses		281.066
3	Profit from Operations before Other Income, Interest and Exceptional Items		12.800
4	Other Income		0.124
5	Profit from ordinary activities before finance cost & exceptional items		12.924
6	Finance Costs		11.959
7	Profit from ordinary activities after finance costs & exceptional items		0.965
8	Exceptional items		--
9	Profit from ordinary activities before tax		0.965
10	Tax Expense
	- Income Tax		0.298
	- Deferred Tax		--
11	Net Profit from ordinary activity after tax		0.667
12	Extraordinary Items		--
13	Net Profit After Tax		0.667-
14	Paid-up equity share capital (face value of the shares shall be indicated)		26.256
15	Reserves excluding Revaluation Reserve as per balance sheet of previous accounting Year		--
16	Earning Per Share (of Rs.10 each) (not annualized)
	Basic EPS		0.03
	Diluted EPS		0.03
A		PARTICULARS OF SHAREHOLDING
17		Public Shareholding
		- No. of shares	172545430
		- Percentage of shareholding	65.72
		-Face Value per share	1.00
18		Promoter & Promoter Group Shareholding
		a) Pledged/Encumbered
		- No. of shares	NIL
		- Percentage of shareholding (as a % of the total shareholding of promoter and promoter group)	0.00
		- Percentage of shareholding (as a % of the total share capital of the company)	0.00
		b) Non-encumbered
		- No. of shares	90012620
		- Percentage of shareholding (as a % of the total shareholding of promoter and promoter group)	100.00
		- Percentage of shareholding (as a % of the total share capital of the company)	34.28

Particulars	Quarter ended 30.06.201
Pending at the beginning of the quarter	Nil
Received during the quarter	Nil
Disposed of during the quarter	Nil
Remaining unresolved at the end of the quarter	Nil

Note:

1) The above result have been reviewed by the audit committee and taken in record by the Board of /director at their meeting held on 7^th August, 2014

2) The company is engaged / operates in single segment i.e. trading activity.

3) The limited review of these result has been done by the statutory auditors of the company.

4) No investor complains were outstanding at the beginning of the quarter and no investor complaints were received/un-resolved at the end of the quarter ended 30.06.2014

5) Deferred Tax Liability/\assets, if any has not been determined as it well be finalized at the year end.

6) Previous Period figure have been regrouped, rearranged or recast wherever necessary.

FIXED ASSETS

• Computer
• Motor Car

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.61.62
UK Pound	1	Rs.98.12
Euro	1	Rs.78.89

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	SUM
Report Prepared by :	ART

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	4
--RESERVES	1~10	3
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	YES
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		32

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.