1. Summary Information

		Country	India
Company Name	THREADS INDIA LIMITED	Principal Name 1	Mr. Gopal Chandra Lohia
Status	Satisfactory	Principal Name 2	Mr. Jitendra Kumar Lohia
		Registration #	20-006119
Street Address	D – 3/A Panki Industrial Estate, Kanpure – 208022, Uttar Pradesh
Established Date	28.05.1983	SIC Code	--
Telephone#	91-512-2691221/282001/9	Business Style 1	Manufacturers
Fax #	91-512-2619249/282012	Business Style 2	-
Homepage	http://www.threadsindia.com	Product Name 1	Sewing Thread of Man-Made Filaments of Synthetic
# of employees	500 (Approximately)	Product Name 2	Sewing Thread of Man-made staple Fibre of Synthetic
Paid up capital	Rs.20,000,000/-	Product Name 3	Braided Twine, Cordage, Rope and Cables
Shareholders	Bodies corporate-100%	Banking	State Bank of India
Public Limited Corp.	NO	Business Period	31 Years
IPO	NO	International Ins.	-
Public Enterprise	NO	Rating	Ba (45)
Related Company
Relation	Country	Company Name	CEO
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2013		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	284,293,000	Current Liabilities	129,952,000
Inventories	332,223,000	Long-term Liabilities	361,667,000
Fixed Assets	242,366,000	Other Liabilities	21,454,000
Deferred Assets	-	Total Liabilities	513,073,000
Invest& other Assets	12,995,000	Retained Earnings	338,804,000
		Net Worth	358,804,000
Total Assets	871,877,000	Total Liab. & Equity	871,877,000
Total Assets (Previous Year)	736,351,000
P/L Statement as of	31.03.2013		(Unit: Indian Rs.)
Sales	937,717,000	Net Profit	32,930,000
Sales(Previous yr)	842,395,000	Net Profit(Prev. yr)	34,592,000

MIRA INFORM REPORT

Report Date :

16.09.2014

IDENTIFICATION DETAILS

Name :	THREADS INDIA LIMITED
Registered Office :	D-3/A Panki Industrial Estate, Kanpur-208022, Uttar Pradesh
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	28.05.1983
Com. Reg. No.:	20-006119
Capital Investment / Paid-up Capital :	Rs.20.000 Millions
CIN No.: [Company Identification No.]	U17116UP1983PLC006119
TAN No.: [Tax Deduction & Collection Account No.]	KNPT00069G KNPT01161G KNPT00191C
PAN No.: [Permanent Account No.]	AAACT5205H
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of synthetic Sewing threads
No. of Employees :	500 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 1400000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. General financial position of the company is good. Trade relations are reported as fair. Business is active. Payments terms are reported to be usually correct. The company can be considered normal for business at usual trade terms and conditions.

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

As per the latest IMF study, the total weigh of emerging markets in the GDP of the world on a purchasing power parity basis has seen a sizeable shift. It highlights how as against 51 % in 2005, the emerging economies now account for close to 56 % of the global purchasing power GDP as per the latest survey. And with the emerging economies growing at a faster rate than their developed counterparts, there are every possibility that the their share goes up further in the coming years.  China may surpass the US over the next few years.

Politics and economics are very intricately connected. They tend to influence each other in ways that could be very complex and far-reaching. The prospects of the India’s economy have been seriously compromised due to political corruption. High inflation, poor standard of living are to a great extent a result of rampant corruption in the country. China on the other hand, seems to be facing diametrically opposite challenge. American hedge fund manager Jim Chanos has been keenly following the political and economic development in the dragon economy and has figured out something that is quite worrying. He is of the view that the Chinese economy could be heading toward trouble on account of new Chinese President Xi Jingping’s very aggressive anti-corruption drive. Chanos believes tat many things such as apartment sales, luxury products, etc. were largely bought with dirty money. And it is now beginning to impact consumption. This may indeed be bad news for an economy that is struggling to transition from an investment-driven export-oriented economy to a domestic consumption-driven economy.

A study published by Firstpost has revealed that asset classes like real estate and equities were the biggest beneficiaries of the liberalization policies.  A firm called Ciane Analytics studied returns from assets including equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate outperformed every other asset classes during the 23-year period with an annualized return of 20 % ! Equities came in second with annualized return of 15.5 % ! However, while these returns may seem mouthwatering, the fact is that the return from equities adjusted for inflation came down to just 7.1 %.

Some brief news are as under

. R-Power to buy Jaypee’s hydro assets

. Investors await justice in NSEL case

. India seeks MFN status from Pakistan ahead of meeting

. Ukrain’s clashes with rebels hinder MH17 crash investigation

. India exploring merger of state-owned hydro PSUs

..Higher costs weigh down profit growth to slowest in 9 quarters

..Wal-Mart to expand wholesale business in India

. GMR group moves to strengthen balance sheet

. Central Bank to sell 4 % stake to Life Insurance Corporation

. Tata Chemicals plans to raise up to Rs 10000 mn.

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. Vikram Tripathi
Designation :	Account Manager
Contact No.:	91-512-2691221
Date :	04.09.2014

LOCATIONS

Registered Office :	D – 3/A Panki Industrial Estate, Kanpure – 208022, Uttar Pradesh, India
Tel. No.:	91-512-2691221/282001/9
Fax No.:	91-512-2619249/282012
E-Mail :	til@theadsindia.com
Website :	http://www.threadsindia.com
Factory 1 :	Lohia Industrial Complex, Chaubepur, Kanpur-209203, Uttar Pradesh, India.
Tel. No.:	91-5112-282001/9
Fax No.:	91-5112-282012 / 282880
Location :	Owned
Factory 2 :	Plot No. S-9, Apparel Park, Phase I, Doddaballapur, Bangalore-561203, Karnataka, India
Branches :	Located At: · Ahmedabad · Bangalore · Chennai · Gurgaon · Kanpur · Kolkata · Ludhiana · Mumbai · Noida · New Delhi

DIRECTORS

As on: 27.09.2013

Name :

Mr. Gopal Chandra Lohia

Designation :

Managing Director

Address :

7/153 – B, Swaroop Nagar, Kanpur – 208002, Uttar Pradesh, India.

Date of Birth/Age :

05.07.1937

Date of Appointment :

16.05.1986

DIN No.:

00203506

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	Company/ LLP Status	Defaulting status
1	U29269UP1982PTC005581	LOHIA ENGINEERING WORKS PRIVATE LIMITED	Director	06/03/1982	06/03/1982	Strike off	NO
2	U29263UP1981PLC005446	LOHIA CORP LIMITED	Director	04/04/1983	04/04/1983	Active	NO
3	U17116UP1983PLC006119	THREADS (INDIA) LIMITED	Managing director	01/03/2011	16/05/1986	Active	NO
4	U17115UP1987PLC009240	LOHIA PACKAGING MACHINES LIMITED	Director	31/12/1987	31/12/1987	Active	NO

Name :

Mr. Jitendra Kumar Lohia

Designation :

Director

Address :

Saket, 3 A/ 88, Azad Nagar, Kanpur – 208002, Uttar Pradesh, India.

Date of Birth/Age :

16.03.1935

Date of Appointment :

17.09.1996

DIN No.:

00203384

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	Company/ LLP Status	Defaulting status
1	U29269UP1982PTC005581	LOHIA ENGINEERING WORKS PRIVATE LIMITED	Director	02/04/1985	02/04/1985	Strike off	NO
2	U17116UP1983PLC006119	THREADS (INDIA) LIMITED	Director	17/09/1996	17/09/1996	Active	NO

Name :

Mr. Ajay Kumar Lohia

Designation :

Whole Time Director

Address :

7/153 – B, Swaroop Nagar, Kanpur – 208002, Uttar Pradesh, India.

Date of Birth/Age :

03.04.1965

Date of Appointment :

27.07.2002

DIN No.:

00205223

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	Company/ LLP Status	Defaulting status
1	U65191UP1996PTC020815	SHIPRA FINSEC PRIVATE LIMITED	Director	09/10/1996	09/10/1996	Active	NO
2	U70200UP1997PTC021941	SHRI FOUNDRIES AND ENGG. WORKS PRIVATE LIMITED	Director	13/05/1997	13/05/1997	Active	NO
3	U17116UP1983PLC006119	THREADS (INDIA) LIMITED	Whole-time director	01/06/2012	27/07/2002	Active	NO

KEY EXECUTIVES

Name :	Mr. Vikram Tripathi
Designation :	Account Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

Shareholders details are not available.

Equity Share Break up (Percentage of Total Equity)

As on: 30.09.2013

Category	Percentage
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of synthetic Sewing threads

Products :

Product Description	ITC Code
Sewing Thread of Man-Made Filaments of Synthetic	54011000
Sewing Thread of Man-made staple Fibre of Synthetic	55081000
Braided Twine, Cordage, Rope and Cables	56079000

Exports :

Products :

Finished Goods

Countries :

· Bangladesh

· Sri Lanka

Imports :

Products :

Raw Material (Machineries)

Countries :

· China

· Taiwan

GENERAL INFORMATION

No. of Employees :

500 (Approximately)

Bankers :

· Industrial Development Bank of India Limited, 15/54-B, Virendra Smriti, Civil Lines, Kanpure – 208001, Uttar Pradesh, India

· State Bank of India, Overseas Branch, 15/54 B, Virendra Smriti Complex, Civil Lines, Kanpur-208001, Uttar Pradesh, India

· HDFC Bank Limited

· IDBI Bank Limited

Facilities :

Secured Loan	31.03.2013 (Rs. In Millions)
Long Term Borrowing
Rupee Term Loans Banks Secured	22.693
Total	22.693

Secured Loan	Rs. In Millions 31.03.2012
Rupee Term Loans Banks Secured	47.000
Rupee Term Loans Financial Institutions Secured	0.000
Loans repayable on demand	228.770
Working Capital Loans Banks Secured	0.000
TOTAL	275.770

Banking Relations :	--
Auditors :
Name :	Anil Pariek and Garg Chartered Accountants
Address :	33, Anand Bazar, Swaroop Nagar, Kanpur-208002, Uttar Pradesh, India.
PAN No.:	AAAFG6229R

CAPITAL STRUCTURE

As on: 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
2,000,000	Equity Shares	Rs.10/- each	Rs. 20.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2,000,000	Equity Shares	Rs.10/- each	Rs. 20.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	20.000
(b) Reserves & Surplus	338.804
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	358.804
(3) Non-Current Liabilities
(a) long-term borrowings	22.693
(b) Deferred tax liabilities (Net)	14.963
(c) Other long term liabilities	0.250
(d) long-term provisions	6.401
Total Non-current Liabilities (3)	44.307
(4) Current Liabilities
(a) Short term borrowings	338.974
(b) Trade payables	80.853
(c) Other current liabilities	48.849
(d) Short-term provisions	0.090
Total Current Liabilities (4)	468.766
TOTAL	871.877
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	241.302
(ii) Intangible Assets	1.064
(iii) Capital work-in-progress	0.133
(iv) Intangible assets under development	0.000
(b) Non-current Investments	12.862
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	14.994
(e) Other Non-current assets	0.000
Total Non-Current Assets	270.355
(2) Current assets
(a) Current investments	0.000
(b) Inventories	332.223
(c) Trade receivables	233.022
(d) Cash and cash equivalents	10.320
(e) Short-term loans and advances	18.049
(f) Other current assets	7.908
Total Current Assets	601.522
TOTAL	871.877

SOURCES OF FUNDS		31.03.2012	31.03.2011
SHAREHOLDERS FUNDS
1] Share Capital		20.000	20.000
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		305.936	271.406
4] (Accumulated Losses)		0.000	0.000
NETWORTH		325.936	291.406
LOAN FUNDS
1] Secured Loans		275.770	346.533
2] Unsecured Loans		0.000	0.000
TOTAL BORROWING		275.770	346.533
DEFERRED TAX LIABILITIES		14.807	14.915
TOTAL		616.513	652.854
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		251.685	255.946
Capital work-in-progress		0.000	13.508
INVESTMENT		12.862	9.450
DEFERREX TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	234.356	230.644
	Sundry Debtors	198.602	185.437
	Cash & Bank Balances	3.493	5.246
	Other Current Assets	6.555	0.000
	Loans & Advances	28.798	26.832
Total Current Assets		471.804	448.159
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	55.878	39.374
	Other Current Liabilities	55.597	28.124
	Provisions	8.363	6.711
Total Current Liabilities		119.838	74.209
Net Current Assets		351.966	373.950
MISCELLANEOUS EXPENSES		0.000	0.000
TOTAL		616.513	652.854

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013
	SALES
		Income	937.717
		Other Income	0.366
		TOTAL (A)	938.083
Less	EXPENSES
		Cost of Materials Consumed	545.535
		Purchases of Stock-in-Trade	0.000
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(38.854)
		Employees benefits expense	139.434
		Other expenses	182.041
		TOTAL (B)	828.156
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		109.927
Less	FINANCIAL EXPENSES (D)		31.407
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		78.520
Less/ Add	DEPRECIATION/ AMORTISATION (F)		27.398
	PROFIT BEFORE TAX (E-F) (G)		51.122
Less	TAX (H)		18.192
	PROFIT AFTER TAX (G-H) (I)		32.930
	EARNINGS IN FOREIGN CURRENCY		203.519
	Earnings Per Share (Rs.)		16.46

	PARTICULARS		31.03.2012	31.03.2011
	SALES
		Income	842.395	799.418
		Other Income	1.139	9.228
		TOTAL (A)	843.534	808.646
Less	EXPENSES
		Cost of Material Consumed	463.529	411.308
		Manufacturing Service Costs	0.000	56.119
		Employee Related Expenses	125.726	111.916
		Administrative Selling Other Expenses	151.520	113.324
		Extraordinary Items	0.000	0.274
		Change in inventories of finished goods, work in progress and stock in trade	(16.171)	0.000
		TOTAL (B)	724.604	692.941
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		118.930	115.705
Less	FINANCIAL EXPENSES (D)		39.532	28.008
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		79.398	87.697
Less/ Add	DEPRECIATION/ AMORTISATION (F)		26.877	23.407
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		52.521	64.290
Less	TAX (H)		17.929	22.073
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		34.592	42.217
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		NA	179.030
Add / Less	EXPENSES RELATED TO EARLIER YEARS		NA	(0.024)
	BALANCE CARRIED TO THE B/S		NA	221.223
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	NA	117.394
		Job Work Receipts	NA
	TOTAL EARNINGS		NA	117.394
	Earnings Per Share (Rs.)		17.00	21.11

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	3.51	4.10	5.22
Net Profit Margin (PBT/Sales)	(%)	5.45	6.23	8.04
Return on Total Assets (PBT/Total Assets}	(%)	5.95	7.26	9.13
Return on Investment (ROI) (PBT/Networth)		0.14	0.16	0.22
Debt Equity Ratio (Total Debt/Networth)		1.01	0.85	1.19
Current Ratio (Current Asset/Current Liability)		1.28	3.94	6.04

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	20.000	20.000	20.000
Reserves & Surplus	271.406	305.936	338.804
Net worth	291.406	325.936	358.804
long-term borrowings	346.533	275.770	22.693
Short term borrowings	?	?	338.974
Total borrowings	346.533	275.770	361.667
Debt/Equity ratio	1.189	0.846	1.008

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	799.418	842.395	937.717
		5.376	11.316

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	799.418	842.935	937.717
Profit	42.217	34.592	32.930
	5.28%	4.10%	3.51%

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	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
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]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

OPERATIONS

Performance of the Company during the year can be termed satisfactory with Revenue from Operations at Rs.938.084 Millions compared to previous year figure of Rs.842.395 Millions. Operating margins during the year was of Rs.109.928 Millions as against Rs.118.930 Millions of last year.

OUTLOOK FOR THE FUTURE

The Company has been modernizing and expanding its manufacturing facilities on a continuous basis. The Directors are confident of the Company emerging stronger in the times to come. As reported in the past, the Company has been accredited ISO/TS 16949:2002 Certification by Det Norkse Veritas, Netherland. The Company has also received Approved Product Award from Satara Technology Centre.

 INDEX OF CHARGES:-

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10512499	25/04/2014	6,300,000.00	HDFC BANK LIMITED	NAVEEN MARKET, 15/46, CIVIL LINES, KANPUR, UTTAR  PRADESH - 208001, INDIA	C14797609
2	10429939	08/05/2013	60,000,000.00	STATE BANK OF INDIA	OVERSEAS BRANCH,, 15/54 B CIVIL LINES, VIRENDRA S  MRITI COMPLEX, KANPUR, UTTAR PRADESH - 208001, IND  IA	B76637941
3	10422218	23/03/2013	55,000,000.00	STATE BANK OF INDIA	OVERSEAS BRANCH, VIRENDRA SMRITI COMPLEX, 15/54 -  B, CIVIL LINES, KANPUR, UTTAR PRADESH - 208001, I  NDIA	B73884207
4	10301274	23/07/2011	50,000,000.00	STATE BANK OF INDIA	OVERSEAS BRANCH, VIRENDRA SMRITI COMPLEX, 15/54-B  , CIVIL LINES, KANPUR, UTTAR PRADESH - 208001, IND  IA	B18465393
5	10288546	18/05/2011	30,000,000.00	STATE BANK OF INDIA	OVERSEAS BRANCH, VIRENDRA SMRITI COMPLEX, 15/54 -  B, CIVIL LINES, KANPUR, UTTAR PRADESH - 208001, I  NDIA	B13599576
6	10192545	22/12/2009	40,000,000.00	IDBI BANK LIMITED	15/54-B, VIRENDRA SMRITI, CIVIL LINES, KANPUR, UT  TAR PRADESH - 208001, INDIA	A76153071
7	90280793	06/07/2005 *	68,500,000.00	STATE BANK OF INDIA	CO-OPERATIVE INDUSTRIAL ESTATE, KANPUR, UTTAR PRAD  ESH, INDIA	-
8	90271929	29/01/2014 *	510,000,000.00	STATE BANK OF INDIA	OVERSEAS BRANCH, 15/54-B, CIVIL LINES, VIRENDRA S  MRITI COMPLEX, KANPUR, UTTAR PRADESH - 208001, IND  IA	C00959395

* Date of charge modification

UNSECURED LOAN

Particulars	31.03.2013 (Rs. In Millions
Short Term Borrowing
Loan repayable on demand from other	338.973
Total	338.973

FIXED ASSETS

· Land

· Building

· Plant And Machinery

· Furniture

· Office Equipment

· Vehicle

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.60.82
UK Pound	1	Rs.98.14
Euro	1	Rs.78.65

INFORMATION DETAILS

Information Gathered by :	GYT
Analysis Done by :	DIV
Report Prepared by :	MTN

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	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--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	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		45

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.