1. Summary Information

		Country	India
Company Name	RAGHBEER MACHINERY PRIVATE LIMITED	Principal Name 1	Mr. Anil Raghbeer
Status	Moderate	Principal Name 2	Mr. Raghbeer Pershad
		Registration #	55-009129
Street Address	3620-21, Netaji Subhash Marg, Darya Gang, New Delhi – 110002, Delhi, India
Date of Established	15.07.1978	SIC Code	--
Telephone#	91-11-43777000/23266055	Business Style 1	Manufacturer
Fax #	91-11-23273130	Business Style 2	--
Homepage	http://www.grafitekinternational.com	Product Name 1	Tower press
# of employees	500 (Approximately)	Product Name 2	Sheet fed offset press
Paid up capital	Rs.50,749,980 /-	Product Name 3	Web offset coldest
Shareholders	Foreign holdings– 33.33% Bodies corporate - 65.54% Directors or relatives of Directors – 1.13%	Banking	Canara Bank
Public Limited Corp.	No	Business Period	36 Years
IPO	NO	International Ins.	-
Public Enterprise	NO	Rating	B (29)
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	232,388,000	Current Liabilities	226,424,000
Inventories	166,403,000	Long-term Liabilities	45,831,000
Fixed Assets	36,673,000	Other Liabilities	227,000
Deferred Assets	000	Total Liabilities	372,482,000
Invest& other Assets	000	Retained Earnings	12,232,000
		Net Worth	6,29,82,000
Total Assets	435,464,000	Total Liab. & Equity	435,464,000
Total Assets (Previous Year)	338,368,000
P/L Statement as of	31.03.2013		(Unit: Indian Rs.)
Total Income	143,149,000	Net Profit	(28,426,000)
Total Income (Previous yr)	219,273,000	Net Profit(Prev.yr)	(1,092,000)

MIRA INFORM REPORT

Report Date :

20.09.2014

IDENTIFICATION DETAILS

Name :	RAGHBEER MACHINERY PRIVATE LIMITED
Registered Office :	3620-21, Netaji Subhash Marg, Darya Gang, New Delhi – 110002, Delhi
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	15.07.1978
Com. Reg. No.:	55-009129
Capital Investment / Paid-up Capital :	Rs. 50.750 Millions
CIN No.: [Company Identification No.]	U74899DL1978PTC009129
TAN No.: [Tax Deduction & Collection Account No.]	DELR09508C
PAN No.: [Permanent Account No.]	AAACR2837B
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Printing Machines, Web Offset Printing Machines and Printing Machine Parts.
No. of Employees :	500 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (29)

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

Maximum Credit Limit :	USD 25000
Status :	Moderate
Payment Behaviour :	Slow but Correct
Litigation :	Clear
Comments :	Subject is an established company having a moderate track record. Reserves of the company seems to be low during 2013. However, trade relations are reported as fair. Business is active. Payment terms are reported slow but correct. The company can be considered for business dealing with some cautions.

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. Anil Raghbeer
Designation :	Director
Contact No.:	91-9990870107
Date :	05.09.2014

LOCATIONS

Registered Office :	3620-21, Netaji Subhash Marg, Darya Gang, New Delhi – 110002, Delhi, India
Tel. No.:	91-11-43777000 / 23266055
Mobile No.:	91-9990870107 (Mr. Anil Raghbeer)
Fax No.:	91-11-23273130
E-Mail :	mahabeer@del2.vsnl.net.in
Web :	http://www.grafitekinternational.com
Location :	Owned
Factory :	Narsing Pur, Jaipur Highway, Delhi – 122001, India

DIRECTORS

As on 30.09.2013

Name :

Mr. Anil Raghbeer

Designation :

Managing Director

Address :

K-3, Hauz Khas, New Delhi – 110016, Delhi, India

Date of Birth/Age :

20.01.1950

Date of Appointment :

12.12.2011

DIN :

00472853

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	U74899DL1978PTC009218	VIDYA BUILDERS PRIVATE LIMITED	Director	18/09/1978	18/09/1978	-	Active	NO
2	U74899DL1971PTC005552	PERFECT TRACTORS AND IMPLEMENT SALES PVT LTD	Director	29/02/1980	29/02/1980	-	Active	NO
3	U33100DL1981PTC012480	MULTITECH PRIVATE LIMITED	Director	15/10/1981	15/10/1981	-	Active	NO
4	U74899DL1982PLC013679	DOMINANT OFFSET LIMITED	Managing director	04/10/2011	18/05/1982	-	Active	NO
5	U74899DL1989PTC034629	MONTANA HOLDINGS PRIVATE LIMITED	Director	11/01/1989	11/01/1989	-	Active	NO
6	U74899DL1989PTC034630	FORTUNE GROWTH FUNDS PRIVATE LIMITED	Director	11/01/1989	11/01/1989	-	Active	NO
7	U74899DL1993PTC053907	RAGHBEER HOLDINGS PRIVATE LIMITED	Director	03/06/1993	03/06/1993	-	Active	NO
8	U74899DL1978PTC009129	RAGHBEER MACHINERY PRIVATE LIMITED	Managing director	12/12/2011	23/05/1995	-	Active	NO
9	U74899DL1989PTC035300	RISE INVESTMENT PRIVATE LIMITED	Director	09/02/1996	09/02/1996	-	Active	NO
10	U74899DL1996PTC079310	GOODLOOK TRADE-LINKS PRIVATE LIMITED	Director	24/02/1998	24/02/1998	-	Active	NO
11	U51909DL1996PTC079305	HILTOP MERCANTILE PRIVATE LIMTED	Director	26/02/1998	26/02/1998	-	Active	NO
12	U33100DL1966PTC012481	HIGHTECH PRIVATE LIMITED	Managing director	01/08/2014	23/01/2003	-	Active	NO
13	U74899DL1962PTC003337	FOMINDIA PVT LTD	Director	25/11/2003	25/11/2003	-	Strike off	NO
14	U51909DL1948PTC001384	J MAHABEER AND COMPANY PRIVATE LIMITED	Director	25/11/2003	25/11/2003	-	Active	NO
15	U93090DL2009PTC190596	SHOWBIZ EVENTS PRIVATE LIMITED	Director	25/05/2009	25/05/2009	-	Active	NO
16	U93090DL2009PTC190595	RED CARPET SHOWBIZ PRIVATE LIMITED	Director	25/05/2009	25/05/2009	-	Active	NO
17	U70109DL2011PTC216289	FOUR PILLAR PROJECTS PRIVATE LIMITED	Director	21/03/2011	21/03/2011	-	Active	NO
18	U92190DL2011PTC216351	GOLDENGATE EVENTS PRIVATE LIMITED	Director	22/03/2011	22/03/2011	-	Active	NO
19	U92190DL2011PTC216313	BLUEWATER EVENTS PRIVATE LIMITED	Director	22/03/2011	22/03/2011	-	Active	NO
20	U65921CH1992PLC032292	TEJI BRAR FINANCIAL SERVICES LIMITED	Director	26/07/2012	20/05/2011	-	Active	NO
21	U70109DL2012PTC230919	LEXICON ENTERTAINMENT PROJECTS PRIVATE LIMITED	Director	02/02/2012	02/02/2012	-	Active	NO
22	U70109DL2012PTC231488	FOUR PILLAR ESTATES PRIVATE LIMITED	Director	14/02/2012	14/02/2012	-	Active	NO
23	U80903DL2012PTC243518	ARTEC EDUCATION PRIVATE LIMITED	Director	11/10/2012	11/10/2012	-	Active	NO
24	U93000DL2012PTC244117	ARTEC SERVICES PRIVATE LIMITED	Director	29/10/2012	29/10/2012	-	Active	NO
25	U55101DL2012PTC244413	ARTEC HOSPITALITY PRIVATE LIMITED	Director	05/11/2012	05/11/2012	-	Active	NO
26	U70101DL1996PTC077645	VEDANTA PROJECTS PRIVATE LIMITED	Director	28/09/2013	18/12/2012	-	Active	NO

Name :

Mr. Raghbeer Pershad

Designation :

Director

Address :

K-3, Hauz Khas, New Delhi – 110016, Delhi, India

Date of Appointment :

15.07.1978

DIN :

00471360

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	U74899DL1962PTC003337	FOMINDIA PVT LTD	Director	27/08/1967	27/08/1967	-	Strike off	NO
2	U51909DL1948PTC001384	J MAHABEER AND COMPANY PRIVATE LIMITED	Managing director	06/10/1968	06/10/1968	-	Active	NO
3	U74899DL1978PTC009129	RAGHBEER MACHINERY PRIVATE LIMITED	Director	15/07/1978	15/07/1978	-	Active	NO
4	U74899DL1978PTC009218	VIDYA BUILDERS PRIVATE LIMITED	Director	18/09/1978	18/09/1978	-	Active	NO
5	U33100DL1981PTC012480	MULTITECH PRIVATE LIMITED	Director	15/10/1981	15/10/1981	-	Active	NO
6	U74899DL1982PLC013679	DOMINANT OFFSET LIMITED	Director	18/05/1982	18/05/1982	-	Active	NO
7	U33100DL1966PTC012481	HIGHTECH PRIVATE LIMITED	Director	22/11/1986	22/11/1986	-	Active	NO
8	U74899DL1989PTC034629	MONTANA HOLDINGS PRIVATE LIMITED	Director	11/01/1989	11/01/1989	-	Active	NO
9	U74899DL1989PTC034630	FORTUNE GROWTH FUNDS PRIVATE LIMITED	Director	11/01/1989	11/01/1989	-	Active	NO
10	U74899DL1993PTC053907	RAGHBEER HOLDINGS PRIVATE LIMITED	Director	03/06/1993	03/06/1993	-	Active	NO
11	U74899DL1989PTC035300	RISE INVESTMENT PRIVATE LIMITED	Director	09/02/1996	09/02/1996	-	Active	NO
12	U74899DL1996PTC079310	GOODLOOK TRADE-LINKS PRIVATE LIMITED	Director	24/02/1998	24/02/1998	23/01/2009	Active	NO
13	U51909DL1996PTC079305	HILTOP MERCANTILE PRIVATE LIMTED	Director	26/02/1998	26/02/1998	30/12/2011	Active	NO
14	U65921CH1992PLC032292	TEJI BRAR FINANCIAL SERVICES LIMITED	Director	26/07/2012	20/05/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

Names of Shareholders		No. of Shares
Mr. Raghbeer Pershad	Equity	10100
Mr. Mr. Anil Raghbeer	Equity	17305
Ms. Alka Anil Raghbeer	Equity	10595
Rise Investment Private Limited	Equity	155000
Dome Investments Limited	Equity	1124998
Montana Holding Private Limited	Equity	1047000
Fortune Growth Funds Private Limited	Equity	1010000
Total Equity Shares		3374998
Montana Holdings Private Limited	Preference	650000
Fortune Growth Funds Private Limited	Preference	600000
Rise Investment Private Limited	Preference	450000
Total Preference Shares		1700000

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	33.33
Bodies corporate	65.54
Directors or relatives of Directors	1.13
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Printing Machines, Web Offset Printing Machines and Printing Machine Parts.
Products :	· Tower press · Web offset coldest · Sheet fed offset press · Coating services · Sheet offset press · Web offset
Terms :
Selling :	Cash, Cheque and Credit
Purchasing :	Cash, Cheque and Credit

GENERAL INFORMATION

No. of Employees :

500 (Approximately)

Bankers :

Canara bank, Darya Ganj, New Delhi – 110002, Delhi, India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2013	As on 31.03.2012
LONG TERM BORROWING
Working capital loans from bank	3.333	13.333
SHORT TERM BORROWING
Working capital loans from bank	81.876	82.627
Total	85.209	95.960

Banking Relations :	---
Auditors :
Name :	D.P. Khosla and Company Chartered Accountant
Address :	C-37, Atma Ram House, Cannaught Place, Delhi- 110001, India
Tel. No.:	91-11-23417162 / 23416721 / 23412362 / 64724415
Fax No.:	91-11-23413261
E-Mail :	dpk@bol.net.in
PAN No.:	AAAFD4444M
Related Parties :	Dominant Offset Limited Paper Sales Centre J. Mahabeer and Company Private Limited Grafitek International Vidya Builders Private Limited Montana Holdings Private Limited Rise Investments Private Limited Fortune Growth Funds Private Limited Saffron Enterprises

CAPITAL STRUCTURE

As on 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
3500000	Equity Shares	Rs.10/- each	Rs. 35.000 Millions
2000000	Preference Shares	Rs.10/- each	Rs. 20.000 Millions
	Total		Rs. 55.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
3374998	Equity Shares	Rs.10/- each	Rs. 33.750 Millions
1700000	Preference Shares	Rs.10/- each	Rs. 17.000 Millions
	Total		Rs. 50.750 Millions

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	50.750	50.750	50.750
(b) Reserves & Surplus	12.232	40.658	41.749
(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)	62.982	91.408	92.499
(3) Non-Current Liabilities
(a) long-term borrowings	63.955	65.330	21.925
(b) Deferred tax liabilities (Net)	0.000	4.250	4.680
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.227	0.227	0.227
Total Non-current Liabilities (3)	64.182	69.807	26.832
(4) Current Liabilities
(a) Short term borrowings	81.876	82.627	91.768
(b) Trade payables	116.980	51.900	60.150
(c) Other current liabilities	109.444	42.626	109.752
(d) Short-term provisions	0.000	0.000	0.021
Total Current Liabilities (4)	308.300	177.153	261.691
TOTAL	435.464	338.368	381.022
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	36.474	39.222	33.949
(ii) Intangible Assets	0.199	0.065	0.109
(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	1.007	1.007	1.007
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	37.680	40.294	35.065
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	166.403	98.442	116.381
(c) Trade receivables	104.172	46.544	30.361
(d) Cash and cash equivalents	22.128	14.665	9.030
(e) Short-term loans and advances	105.081	138.423	190.185
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	397.784	298.074	345.957
TOTAL	435.464	338.368	381.022

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Gross Revenue	143.149	219.273	267.295
		Other Income	NA	NA	NA
		TOTAL (A)	NA	NA	NA
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL (B)	NA	NA	NA
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(11.325)	19.704	20.076
Less	FINANCIAL EXPENSES (D)		16.314	16.691	15.209
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(27.639)	3.013	4.867
Less/ Add	DEPRECIATION/ AMORTISATION (F)		5.037	4.575	4.498
	PROFIT BEFORE TAX (E-F) (G)		(32.676)	(1.562)	0.369
Less	TAX (H)		(4.250)	(0.470)	(0.056)
	PROFIT AFTER TAX (G-H) (I)		(28.426)	(1.092)	0.425
	Earnings Per Share (Rs.)		(560.12)	21.51	8.37

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Return on Total Assets (PBT/Total Assets}	(%)	(7.50)	(0.46)	0.10
Return on Investment (ROI) (PBT/Networth)		(0.52)	(0.02)	0.00
Debt Equity Ratio (Total Debt /Networth)		2.32	1.62	1.23
Current Ratio (Current Asset/Current Liability)		1.29	1.68	1.32

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	50.750	50.750	50.750
Reserves & Surplus	41.749	40.658	12.232
Net worth	92.499	91.408	62.982
long-term borrowings	21.925	65.330	63.955
Short term borrowings	91.768	82.627	81.876
Total borrowings	113.693	147.957	145.831
Debt/Equity ratio	1.229	1.619	2.315

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)
Gross Revenue	267.295	219.273	143.149
		(17.966)	(34.717)

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Gross Revenue	267.295	219.273	143.149
Profit	0.425	(1.092)	(28.426)
	0.16%	(0.50)%	(19.86)%

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)	No
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	No
32]	PAN 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)

Unsecured Loan	As on 31.03.2013	As on 31.03.2012
LONG TERM BORROWING
Interoperate Borrowing	28.725	21.500
Loans and Advance from Directors	17.157	15.757
Loans and Advance from others	14.740	14.740
Total	60.622	51.997

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10299389	07/07/2011	25,000,000.00	Canara Bank	Darya Ganj, New Delhi, Delhi - 110002, INDIA	B17758277
2	10213687	29/03/2010	17,000,000.00	Canara Bank	Darya Ganj, New Delhi, Delhi - 110002, INDIA	A83302521
3	10024930	14/03/2009 *	187,100,000.00	CANARA BANK	34-NETAJI SUBHASH MARG, DARYAGANJ, NEW DELHI, Del  hi - 110002, INDIA	A59723551
4	80003392	28/04/2006 *	110,000,000.00	Canara Bank	Darya Ganj Branch,, Delhi, Delhi - 110002, INDIA	-
5	90047897	29/03/2010 *	250,040,000.00	Canara Bank	Darya Ganj, New Delhi, Delhi - 110002, INDIA	A83302232
6	90045613	07/03/2009 *	20,000,000.00	CANARA BANK	34-NETAJI SUBHASH MARG, DARYAGANJ, NEW DELHI, Del  hi - 110002, INDIA	A59406363
7	90045014	07/07/2011 *	95,000,000.00	Canara Bank	Darya Ganj, New Delhi, Delhi - 110002, INDIA	B17757683

* Date of charge modification

FIXED ASSETS

· Land

· Factory Building

· Plant and Machinery – Generator and others

· Air Conditioner

· Electric Equipments and Installations

· Furniture and Fixtures

· Vehicles

· Computers

OPERATIONS

As reported in the previous year the market conditions since then have not shown any improvement and as such the company could not achieve better results. However your directors with the help of some trading activities were able to manage the operations during the year under review. The outlook for the current year looks to be better and we hope our operation will show some growth.

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. 60.42
UK Pound	1	Rs. 97.24
Euro	1	Rs. 77.92

INFORMATION DETAILS

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

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	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	2
--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	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		29

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.