MIRA INFORM REPORT

Report Date :

30.10.2014

IDENTIFICATION DETAILS

Name :	JAYESH TRADEX PRIVATE LIMITED
Registered Office :	1400 Modi Tower, 98 Nehru Place, New Delhi – 110019, Delhi
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	27.09.2010
Com. Reg. No.:	55-208795
Capital Investment / Paid-up Capital :	Rs.0.600 Million
CIN No.: [Company Identification No.]	U74900DL2010PTC208795
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer, Exporter and Importer of Self Adhesive Labels, Plastic Bottles, Cabs, Containers.
No. of Employees :	100 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (42)

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

Maximum Credit Limit :	USD 17000
Status :	Satisfactory
Payment Behaviour :	Slow but Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. The rating takes into consideration company’s improved operational risk profile which has resulted into profit achieved from its operational activities and fair liquidity position of the company. Trade relations are fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for business dealings 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.

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. Awadhesh Singh
Designation :	General Manager Works
Contact No.:	91-8650505752
Date :	20.10.2014

LOCATIONS

Registered Office :	1400 Modi Tower, 98 Nehru Place, New Delhi – 110019, Delhi, India
Tel. No.:	91-11-42504664
Mobile No.:	91-8650505752 (Mr. Awadhesh)
Fax No.:	Not Available
E-Mail :	awadhesh.singh@wainmedicare.com investmentco123@gmail.com
Location :	Rented
Factory :	Modi Steel Compound, Near PNB Bank, Modinagar – 201204, Uttar Pradesh, India
Tel. No.:	91-1232-246368
Fax No.:	91-1232-232053
Location :	Rented

DIRECTORS

As on 28.09.2013

Name :

Mr. Sarat Jain

Designation :

Director

Address :

C-99B,Sector-44, Gautam Budh Nagar, Noida – 201301, Uttar Pradesh, India

Date of Birth/Age :

04.09.1954

Date of Appointment :

27.09.2010

DIN No.:

00009677

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	U67190DL1993PLC053234	DOOGAR AND ASSOCIATES SECURITIES LIMITED	Director	30/05/1995	30/05/1995	-	Active	NO
2	U74899DL1991PTC042850	ABHIKUM LEASING AND INVESTMENTS PVT. LTD.	Director	07/09/2001	07/09/2001	05/03/2008	Active	NO
3	L74210DL1987PLC029979	SBEC SYSTEMS (INDIA) LIMITED	Director	18/10/2003	18/10/2003	29/01/2008	Active	NO
4	U51909DL2003PTC121488	SANCHI AGENCIES PRIVATE LIMITED	Director	15/12/2003	15/12/2003	-	Active	NO
5	U74140DL2003PTC121380	NIPUN CONSULTANTS PRIVATE LIMITED	Director	15/12/2003	15/12/2003	-	Active	NO
6	U74899DL1987PTC028300	A B C HOLDING PRIVATE LTD.	Director	31/03/2006	31/03/2006	13/12/2006	Active	NO
7	U65921DL1991PLC042934	SANJHI ENTERPISES LIMITED	Director	04/07/2006	04/07/2006	-	Active	NO
8	U74999DL2002PTC117796	SATVIK CONSULTANTS PRIVATE LIMITED	Director	08/10/2007	08/10/2007	-	Active	NO
9	L74899DL1984PLC019605	FUSION FITTINGS (I) LIMITED	Director	10/10/2007	10/10/2007	16/08/2008	Active	NO
10	U74140DL2002PTC115347	UTTAM CONSULTANCY PRIVATE LIMITED	Director	01/03/2008	01/03/2008	-	Active	NO
11	U25191RJ1997PTC015136	H.M. TUBES AND CONTAINERS PVT. LTD. (TRANSFER FROM DELHI TO RA	Director	11/02/2009	11/02/2009	-	Active	NO
12	U74899DL1991PTC042853	KUMABHI INVESTMENTS PRIVATE LIMITED	Additional director	20/02/2009	20/02/2009	28/08/2009	Active	NO
13	U20297UP2008PTC034600	MODI ARTS PRIVATE LIMITED	Director	03/09/2009	20/02/2009	-	Active	NO
14	U65910DL1996PTC076228	PKG FINLEASE AND HOLDING PRIVATE LIMITED	Director	30/09/2009	20/02/2009	-	Active	NO
15	U15139DL2010PTC200690	MI SPIRITS INDIA PRIVATE LIMITED	Director	07/06/2010	07/06/2010	-	Active	NO
16	U74900DL2010PTC208795	JAYESH TRADEX PRIVATE LIMITED	Director	27/09/2010	27/09/2010	-	Active	NO
17	U72200DL2012PTC240911	FIRST POINT TECHNOLOGY PRIVATE LIMITED	Director	24/08/2012	24/08/2012	-	Active	NO

Name :

Mr. Jayesh Modi

Designation :

Director

Address :

36, Amrita Shergill Marg, New Delhi – 110003, Delhi, India

Date of Birth/Age :

14.11.1991

Date of Appointment :

27.09.2010

DIN No.:

02849637

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	U51397DL1981PTC011647	WIN-MEDICARE PRIVATE LIMITED	Director	30/06/2012	17/11/2009	-	Active	NO
2	U40105UP1996PLC037250	SBEC BIOENERGY LIMITED	Director	27/09/2010	13/05/2010	-	Active	NO
3	U74899DL1987PTC028294	A TO Z HOLDINGS PRIVATE LIMITED	Director	16/05/2010	16/05/2010	-	Active	NO
4	U67120UP1980PTC004957	LONGWELL INVESTMENT PRIVATE LIMITED	Director	16/05/2010	16/05/2010	-	Active	NO
5	L15421UP1991PLC019160	SBEC SUGAR LIMITED	Director	30/09/2010	18/06/2010	-	Active	NO
6	L27106JH1982PLC001633	BIHAR SPONGE IRON LIMITED	Director	29/09/2010	18/06/2010	-	Active	NO
7	U51109DL1983PLC015250	MODI HITECH INDIA LIMITED	Director	30/09/2010	21/06/2010	-	Active	NO
8	U00432JH2006PLC011972	CHANDIL POWER LIMITED	Additional director	02/08/2013	13/08/2010	-	Active	NO
9	U74900DL2010PTC208795	JAYESH TRADEX PRIVATE LIMITED	Director	27/09/2010	27/09/2010	-	Active	NO
10	U74899DL1990PTC041928	MODI-MUNDIPHARMA PRIVATE LIMITED	Director appointed in casual vacancy	13/09/2012	13/09/2012	-	Active	NO

Name :

Kumkum Modi

Designation :

Director

Address :

36, Amrita Shergill Marg, New Delhi – 110003, Delhi, India

Date of Birth/Age :

19.01.1951

Date of Appointment :

12.10.2010

DIN No.:

00522904

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	U67120UP1980PTC004957	LONGWELL INVESTMENT PRIVATE LIMITED	Director	15/03/1980	15/03/1980	-	Active	NO
2	U51109UP1978PTC004616	SWASTH INVESTMENT PRIVATE LIMITED	Director	26/06/1984	26/06/1984	-	Active	NO
3	U51109DL1983PLC015250	MODI HITECH INDIA LIMITED	Director	29/09/1989	29/09/1989	-	Active	NO
4	U74899DL1990PTC041928	MODI-MUNDIPHARMA PRIVATE LIMITED	Director	28/04/1993	28/04/1993	-	Active	NO
5	U74899DL1994PTC057763	MODI REVLON PRIVATE LIMITED	Director	08/03/1994	08/03/1994	-	Active	NO
6	U51397DL1981PTC011647	WIN-MEDICARE PRIVATE LIMITED	Managing director	01/04/1995	01/04/1995	-	Active	NO
7	U63040DL1996PTC076223	MODILINE TRAVEL SERVICE PRIVATE LIMITED	Director	28/06/1996	28/06/1996	-	Active	NO
8	U67120DL1997PTC087365	JAI ABHISHEK INVESTMENTS PRIVATE LIMITED	Director	19/05/1997	19/05/1997	-	Active	NO
9	U74899DL1987PTC028294	A TO Z HOLDINGS PRIVATE LIMITED	Director	19/05/1997	19/05/1997	-	Active	NO
10	U74899DL1985PTC022550	MODI MOTORS PRIVATE LIMITED	Director	05/09/1997	05/09/1997	-	Active	NO
11	L15421UP1991PLC019160	SBEC SUGAR LIMITED	Director	26/05/2000	26/05/2000	-	Active	NO
12	U24246DL2000PTC235624	KAMAKHYA COSMETICS AND PHARMACEUTICALS PRIVATE LIMITED	Director	03/01/2001	03/01/2001	-	Amalgamated	NO
13	U74900DL2007PTC164608	UMESH MODI CORP. PRIVATE LIMITED	Director	11/06/2007	11/06/2007	-	Active	NO
14	U74900DL2010PTC208795	JAYESH TRADEX PRIVATE LIMITED	Director	30/09/2011	12/10/2010	-	Active	NO
15	L27106JH1982PLC001633	BIHAR SPONGE IRON LIMITED	Director	30/09/2011	04/06/2011	-	Active	NO

Name :

Mr. Shyam Lal Agarwal

Designation :

Director

Address :

L – 273, Sarita Vihar, New Delhi – 110076, Delhi, India

Date of Birth/Age :

30.11.1945

Date of Appointment :

13.08.2013

DIN No.:

00003517

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	U74899DL1991PTC042851	MEGHKUM LEASING AND INVESTMENTS PRIVATE LIMITED	Director	06/10/1997	06/10/1997	-	Active	NO
2	U65910DL1990PLC041628	MODERATE LEASING AND CAPITAL SERVICES LTD	Director	30/09/2013	13/08/2013	-	Active	NO
3	U74900DL2010PTC208795	JAYESH TRADEX PRIVATE LIMITED	Director	28/09/2013	13/08/2013	-	Active	NO
4	U65993DL1997PTC086558	JAYKUM INVESTMENTS PRIVATE LIMITED	Director	28/09/2013	13/08/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Awadhesh Singh
Designation :	General Manager Works

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 28.09.2013

Names of Shareholders	No. of Shares
Jayesh Modi	9990
Sarat Jain	10
Total	10000

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer, Exporter and Importer of Self Adhesive Labels, Plastic Bottles, Cabs, Containers.
Products :	Pharma Bottles Plastic Containers Self Adhesive Labels Cosmetic Plastic Container Plastic Caps Plastic Bottles Cosmetic Plastic Bottles Plastic Pharma Bottle Cosmetic Products
Exports :
Products :	Self Adhesive Labels
Countries :	Srilanka Bangladesh
Imports :
Products :	Raw Material
Countries :	USA China
Terms :
Selling :	Cash, L/C and Credit
Purchasing :	Cash, L/C and Credit

GENERAL INFORMATION

Suppliers :	Reliance Avery Denison, Haryana, India
Customers :	Wholesalers, Retailers and Manufacturer G.S.Pharma Butcr Private Limited, Rudrapur, India Behror, Rajasthan, India
No. of Employees :	100 (Approximately)
Bankers :	The Shamrao Vithal Coperative Bank Limited, Nehru Road, Vakola, Santacruz (East), Mumbai – 400055, Maharashtra, India
Facilities :	--

Banking Relations :	---
Auditors :
Name :	Mamta and Company Chartered Accountant
Address :	Flat No.- 65, Vijay Laxmi Apartments, Plot No.- 98, I.P.Ext., Patparganj – 110092, Delhi, India
PAN No.:	AABPT5097R
Group Company :	Umesh modi Group

CAPITAL STRUCTURE

As on 28.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.10/- each	Rs. 1.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs. 0.100 Million

FINANCIAL DATA

[all figures are in Rupees Millions].

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100	0.100	0.100
(b) Reserves & Surplus	5.882	(1.811)	(0.572)
(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)	5.982	(1.711)	(0.472)
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.277	0.148	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	0.277	0.148	0.000
(4) Current Liabilities
(a) Short term borrowings	1.002	10.900	3.364
(b) Trade payables	4.953	7.670	0.610
(c) Other current liabilities	15.842	5.225	0.442
(d) Short-term provisions	2.382	0.098	0.000
Total Current Liabilities (4)	24.179	23.893	4.416
TOTAL	30.438	22.330	3.944
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	8.184	4.060	0.096
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	1.257	1.581	0.648
(e) Other Non-current assets	0.030	0.035	0.039
Total Non-Current Assets	9.471	5.676	0.783
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	12.679	7.572	2.268
(c) Trade receivables	2.723	1.326	0.634
(d) Cash and cash equivalents	1.422	1.260	0.099
(e) Short-term loans and advances	2.305	5.496	0.160
(f) Other current assets	1.838	1.000	0.000
Total Current Assets	20.967	16.654	3.161
TOTAL	30.438	22.330	3.944

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	TOTAL INCOME		116.673	37.093	3.722
Less	EXPENSES		106.256	37.966	4.290
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		10.417	(0.873)	(0.568)
Less/ Add	DEPRECIATION/ AMORTISATION		0.615	0.213	0.000
	PROFIT/ (LOSS) BEFORE TAX		9.802	(1.086)	(0.568)
Less	TAX		2.109	0.152	0.004
	PROFIT/ (LOSS) AFTER TAX		7.693	(1.238)	(0.572)
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	0.779	0.000	0.000
	Earnings Per Share (Rs.)		769.30	(123.80)	(57.20)

Particulars	31.03.2014
Sales Turnover (Approximately)	165.000

Expected Sales (201-15): Rs. 200.000 Millions

The above information has been parted by Mr. Awadhesh Singh.

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	6.59	(3.34)	(15.37)
Return on Total Assets (PBT/Total Assets}	(%)	32.20	(4.86)	(14.40)
Return on Investment (ROI) (PBT/Networth)		1.64	0.63	1.20
Debt Equity Ratio (Total Debt /Networth)		0.17	(6.37)	(7.13)
Current Ratio (Current Asset/Current Liability)		0.87	0.70	0.72

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	0.100	0.100	0.100
Reserves & Surplus	(0.572)	(1.811)	5.882
Net worth	(0.472)	(1.711)	5.982
long-term borrowings	0.000	0.000	0.000
Short term borrowings	3.364	10.900	1.002
Total borrowings	3.364	10.900	1.002
Debt/Equity ratio	(7.127)	(6.371)	0.168

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	3.722	37.093	116.673
		896.588	214.542

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	3.722	37.093	116.673
Profit	(0.572)	(1.238)	7.693
	(15.37)%	(3.34)%	6.59%

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 four years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	----------------------
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	Yes
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	----------------------
23]	Banking Details	Yes
24]	Banking facility details	No
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

UNSECURED LOAN

PARTICULAR	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
SHORT TERM BORROWINGS
Loans and Advances from related parties	0.000	5.000
Short Term Loans	1.002	5.900
Total	1.002	10.900

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10487578	17/10/2013	19,000,000.00	The Shamrao Vithal Cooperative Bank Limited	S.V.C TOWER, NEHRU ROAD, VAKOLA,, SANTACRUZ(e), M  UMBAI, MUMBAI, Maharashtra - 400055, INDIA	B96134580

PERFORMANCE REVIEW

During the year, the company has earned the gross receipt of Rs. 116.673 Millions which is higher as compare to the last year is Rs 37.093 Millions. During the year company has generated net profit after tax of Rs. 7.693 Millions against loss of Rs. 1.239 Millions in the previous year, the director are making efforts to further improve the business in coming years.

FIXED ASSETS

• Air Conditioner
• Communication Equipment
• Refrigerator
• Furniture And Fixture
• Plant And Machinery
• Electrical Installation
• Testing Equipments
• Tools and Tackles
• Computer
• Generator
• Office Equipment

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.61.31
UK Pound	1	Rs.99.00
Euro	1	Rs.78.14

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	KAR
Report Prepared by :	KLS

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--RESERVES	1~10	5
--CREDIT LINES	1~10	4
--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	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		42

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.