MIRA INFORM REPORT

Report Date :

29.09.2014

IDENTIFICATION DETAILS

Name :	G T Z (INDIA) PRIVATE LIMITED
Registered Office :	Mouza Khari Beria, PO and PS, Bishnupur, PGS South - 743803, West Bengal
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	06.12.1973
Com. Reg. No.:	21-029127
Capital Investment / Paid-up Capital :	Rs.79.070 Millions
CIN No.: [Company Identification No.]	U27109WB1973PTC029127
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Speciality Chemicals.
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

Ba (41)

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

Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. General financial position of the company is normal and acceptable for business dealing. Trade relations are reported as fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered normal for business dealings 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

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

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

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

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

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

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

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

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

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long term rating = B+/Stable
Rating Explanation	High risk of default.
Date	3^rd September, 2013

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 DENIED

Management Non-Cooperative

Contact No.: 91-33-22429900

LOCATIONS

Registered Office / Factory 1 :	Mouza Khari Beria, PO and PS, Bishnupur, PGS South - 743803, West Bengal, India
Tel. No.:	91-33 - 24709455
Fax No.:	91-33 - 24706644
E-Mail :	mgnco@vsnl.net gtz_india@eth.net
Website :	http://www.gtzworld.com
Head Office/ Corporate Office :	9 Brabourne Road,  Kolkata - 700001, West Bengal, India
Tel. No.:	91-33-22429900 / 22429901 / 22425415 / 2210763
Factory 2 :	Mouza Khari Beria Village Post , Buisness Park, 24 Parganas, South West Bengal – 743503, India
Regional Offices :	Located At : · Kolkata · New Delhi · Mumbai · Chennai
Branch Offices / Service Centres :	Located At : · Jamshedpur · Ghaziabad · Noida · Gurgaon · Jaipur · Ludhiana · Chandigarh · Kanpur · Moradabad · Jalandhar · Aligarh · Agrah · Indore · Pune · Baroda

DIRECTORS

AS ON 30.09.2013

Name :

Ram Niwas Sawalka

Designation :

Director

Address :

5A, Robinson Street, Kolkata – 700017, West Bengal, India

Date of Birth/Age :

12.01.1935

Date of Appointment :

17.01.1981

PAN No.:

AJCPS0006K

DIN No. :

00181599

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	U28939WB1964PTC026139	SAWALKA KEL PVT. LTD.	Director	06/07/1964	06/07/1964	-	Active	NO
2	U27109WB1973PTC029127	G T Z (INDIA) PVT LTD	Director	17/01/1981	17/01/1981	-	Active	NO
3	U51909WB1991PTC051589	GTZ (CALCUTTA) PVT LTD	Director	30/04/1991	30/04/1991	24/03/2011	Active	NO
4	U72900WB1978PTC031512	SAWALKA TECHNICAL SERVICES PRIVATE LIMITED	Director	18/08/1997	18/08/1997	-	Active	NO
5	U51909WB2002PTC094260	SAWALKA IMPEX PRIVATE LIMITED	Director	21/02/2002	21/02/2002	-	Under Process of Striking off	NO
6	U72900WB2002PTC094753	GEOTECH INFORMATICS PRIVATE LIMITED	Additional director	14/03/2008	14/03/2008	01/11/2010	Active	NO

Name :

Arun Kumar Sawalka

Designation :

Managing director

Address :

7 Pandit Madan Mohan, Malviya Sarani, Kolkata – 700020, West Bengal, India

Date of Birth/Age :

05.10.1958

Date of Appointment :

17.01.1981

PAN No. :

AJAPS4940A

DIN No. :

00394790

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	U27109WB1973PTC029127	G T Z (INDIA) PVT LTD	Managing director	17/01/1981	17/01/1981	-	Active	NO
2	U51909WB1991PTC051589	GTZ (CALCUTTA) PVT LTD	Director	30/04/1991	30/04/1991	-	Active	NO
3	U74950WB1989PTC047441	BRILLIANT PACKAGING PRIVATE LIMITED	Director	19/03/2001	19/03/2001	01/03/2013	Active	NO
4	U51109WB2007PTC114561	DMINE & METAL PRIVATE LIMITED	Director	01/10/2008	01/10/2008	-	Active	NO
5	U51109WB2007PTC113608	PRION PRIVATE LIMITED	Director	01/12/2008	01/12/2008	-	Active	NO
6	U24100WB2007PTC114019	SRISHTI TIE-UP PRIVATE LIMITED	Director	16/04/2010	16/04/2010	23/05/2011	Active	NO
7	U51109WB2007PTC120455	GTZ (JHAGADIA) PRIVATE LIMITED	Director	16/04/2010	16/04/2010	-	Active	NO
8	U70109WB1995PTC074461	ESKAY PROPERTIES DEVELOPMENT PVT LTD	Director	11/03/2011	11/03/2011	-	Active	NO
9	U15511WB2008PTC129576	HERALD PRINTING & PACKAGING PRIVATE LIMITED	Director	15/04/2012	15/04/2012	-	Active	NO

Name :

Rathindra Nath Ray

Designation :

Director

Address :

FD - 416 Saltlake City, Flat No: 3, Sector Iii, Kolkata – 700106, West Bengal, India

Date of Birth/Age :

03.01.1950

Date of Appointment :

01.11.2008

PAN No. :

AFNPR6437A

DIN No. :

00394958

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	U74950WB1989PTC047441	BRILLIANT PACKAGING PRIVATE LIMITED	Managing director	19/03/2001	19/03/2001	14/02/2014	Active	NO
2	U51109WB2007PTC114561	DMINE & METAL PRIVATE LIMITED	Director	01/10/2008	01/10/2008	21/05/2011	Active	NO
3	U27109WB1973PTC029127	G T Z (INDIA) PVT LTD	Director	01/11/2008	01/11/2008	-	Active	NO
4	U51109WB2007PTC113608	PRION PRIVATE LIMITED	Director	01/12/2008	01/12/2008	-	Active	NO
5	U15511WB2008PTC129576	HERALD PRINTING & PACKAGING PRIVATE LIMITED	Director	01/12/2008	01/12/2008	-	Active	NO
6	U24100WB2007PTC114019	SRISHTI TIE-UP PRIVATE LIMITED	Director	16/04/2010	16/04/2010	-	Active	NO
7	U51109WB2007PTC120455	GTZ (JHAGADIA) PRIVATE LIMITED	Director	16/04/2010	16/04/2010	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2013

Names of Shareholders	Equity Shares	Preference Shares
Arun Kumar Sawalka	177620	170000
Manju Sawalka	25880	55000
Sawalka Anant Rohan	47000	11000
Bihani Kumar Anup	200	1500
Sawalka Dipti	10000	35000
Inderlok Merchants Private Limited, India	15000	---
Rofab Private Limited, India	15000	---
Arun Kumar Sawalka HUF	---	30600
Dmine and Metal Private Limited, India	---	28000
Ornet Marketing Private Limited, India	---	27000
Srishti Tie-up Private Limited, India	---	19900
Sunshed Vanijya Private Limited, India	---	17000
Prion Private Limited, India	---	105000
Total	290700	500000

AS ON 30.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Bodies corporate	10.00
Directors or relatives of Directors	90.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Speciality Chemicals.
Major Product Group :	· Steel Mill Chemicals · Electroplating Chemicals · Pretreatment and Phosphating Chemicals · Aluminium Treatment Chemicals · Hexavalent and Trivalent Chrome Passivation Chemicals · Polymer / Thin Organic Coating Chemicals · Industrial Cleaners · Bottle Washing Chemicals · Galvanising Fluxes · Pickling Inhibitors · Water Treatment Chemicals

GENERAL INFORMATION

No. of Employees :

Information declined by the management.

Bankers :

· Indian Overseas Bank, Strand Road Branch, 13/3, Strand Road, Kolkata - 700001, West Bengal, India

· State Bank of India, Sme Branch, J. L. Nehru Road, Jeevan Deep (11th Floor) 1, Middleton Street, Kolkata - 700071, West Bengal, India

Facilities :

SECURED LOANS	31.03.2014 (Rs. in Millions)	31.03.2013 (Rs. in Millions)
LONG TERM BORROWINGS
Term Loans From Banks
State Bank of India	NA	43.850
Vehicle Loans From Banks	NA
HDFC bank Limited	NA	0.009
SHORT TERM BORROWINGS
Working capital loans From bank State bank of India (Secured against hypothecation of stock, book debts and personal guarantee of the Managing Director of the Company)	NA	52.911
Total	NA	96.770

Note :

a) NATURE OF SECURITIES:

I ) Term loan from State Bank of India is secured against first charge by way of equitable mortgage on entire fixed assets of the company - present and future and Personal guarantee of the Managing Director of the Company.

ii) Vehicle loans are secured by the hypothecation of the cars.

b) TERMS OF REPAYMENT :

Name of banks / entities	Rate of interest	Amount outstanding as on 31st March, 2013		Period of Maturity w.r.t the Balance Sheet date	Installments Outstanding as on 31.03.13	Amount of each Installment [In Millions]
		Current #	Non - Current
State Bank of India Term loan 1	Base rate + 4%	(3.000)	--	(1 year)	(4)	(0.750)
State Bank of India Term loan 2	Base rate + 4%	20.000 (6.000)	43.848 ( 27.183)	4 years (5 years)	12 (18)	$ (--)
SBI Car Loan*	10%	-- (0.150)	--	(6 Months)	- 6	-- (0.024)
HDFC Car Loan 1*	8%	0.293	-- (0.293)	5 months (1 yrs 5 months)	5 17	0.050 (0.050)
HDFC Car Loan 2*	8%	0.107 (0.098)	0.009 (0.116)	1 year 1 month 2 Years	13 (25)	0.009 (0.009)
Kotak Mahindra Bank Car Loan*	8%	-- (0.032)	--	0 (1 day)	- 1	-- (0.032)

# Represents current maturities of long term debts shown under "Other current liabilities"

* Instalment includes interest

$ The term loan -2 from State Bank of India is repayable in 18 Instalments of different amount by 2016-17.

^ The term loan from Magma Finance Corp. Limited. (Unsecured) is repayable in 30 instalments of different amount by 2014 -15.

@ Loans from related parties (Unsecured) is repayable after 3 years by 2016-17

Banking Relations :
Auditors :
Name :	M. Kumar Jain and Company Chartered Accountants
Address :	7A, Kiran Shankar Ray Road, Kolkata – 700001, West Bengal, India
PAN No.:	AADFM7498M

CAPITAL STRUCTURE

AS ON 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
500,000	Equity Shares	Rs.100/- each	Rs. 50.000 Millions
500,000	Preference Shares	Rs.100/- each	Rs. 50.000 Millions
	Total		Rs.100.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
290,700	Equity Shares	Rs.100/- each	Rs. 29.070 Millions
500,000	Preference Shares	Rs.100/- each	Rs. 50.000 Millions
	Total		Rs. 79.070 Millions

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	79.070	29.070	29.070
(b) Reserves & Surplus	82.657	74.202	67.610
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	52.525	50.100
Total Shareholders’ Funds (1) + (2)	161.727	155.797	146.780
(3) Non-Current Liabilities
(a) long-term borrowings	140.478	109.467	34.058
(b) Deferred tax liabilities (Net)	2.576	2.421	2.328
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	2.888	1.910	1.902
Total Non-current Liabilities (3)	145.942	113.798	38.288
(4) Current Liabilities
(a) Short term borrowings	74.910	52.911	100.338
(b) Trade payables	47.837	38.537	32.847
(c) Other current liabilities	36.574	33.753	26.793
(d) Short-term provisions	0.612	1.265	0.534
Total Current Liabilities (4)	159.933	126.466	160.512
TOTAL	467.602	396.061	345.580
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	76.698	73.826	70.066
(ii) Intangible Assets	0.835	0.075	0.018
(iii) Capital work-in-progress	207.004	152.371	95.549
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	2.577	2.577	2.577
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	2.791	1.931	2.977
(e) Other Non-current assets	1.067	1.067	1.359
Total Non-Current Assets	290.972	231.847	172.546
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	60.207	51.695	59.023
(c) Trade receivables	93.958	90.958	95.572
(d) Cash and cash equivalents	0.628	1.631	0.783
(e) Short-term loans and advances	17.966	18.274	15.414
(f) Other current assets	3.871	1.656	2.242
Total Current Assets	176.630	164.214	173.034
TOTAL	467.602	396.061	345.580

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Revenue from operations	553.378	466.062	NA
	Other Income	0.426	0.031	NA
	TOTAL (A)	553.804	466.093	NA
Less	EXPENSES
	Cost of Materials Consumed	341.270	285.944
	Purchases of Stock-in-Trade	3.635	4.734
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	0.836	2.787
	Employees benefits expense	64.941	53.878
	Other expenditure	116.931	95.889
	TOTAL	527.613	443.232	NA
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	26.191	22.861
Less	FINANCIAL EXPENSES	9.214	8.056
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	16.977	14.805
Less/ Add	DEPRECIATION/ AMORTISATION	4.769	4.506
	PROFIT/ (LOSS) BEFORE TAX	12.208	10.299	NA
Less	TAX	3.753	3.707	NA
	PROFIT/ (LOSS) AFTER TAX	8.455	6.592	4.787
	Earnings / (Loss) Per Share (Rs.)	29.08	22.68	16.46

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
PAT / Total Income	(%)	1.53	1.41	NA
Net Profit Margin (PBT/Sales)	(%)	2.21	2.21	NA
Return on Total Assets (PBT/Total Assets}	(%)	4.73	4.27	NA
Return on Investment (ROI) (PBT/Networth)		0.08	0.07	NA
Debt Equity Ratio (Total Debt /Networth)		1.33	1.04	0.92
Current Ratio (Current Asset/Current Liability)		1.10	1.30	1.08

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	29.070	29.070	79.070
Reserves & Surplus	67.610	74.202	82.657
Share Application money pending allotment	50.100	52.525	0.000
Net worth	146.780	155.797	161.727
long-term borrowings	34.058	109.467	140.478
Short term borrowings	100.338	52.911	74.910
Total borrowings	134.396	162.378	215.388
Debt/Equity ratio	0.916	1.042	1.332

YEAR ON YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)
Revenue from operations	466.062	553.378
		18.735

Net Profit Margin	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)
Revenue from operations	466.062	553.378
Profit/(Loss) After Tax	6.592	8.455
	1.41%	1.53%

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	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last two 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)	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	Yes
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	Yes

VIEW INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10144992	06/01/2009	500,000.00	STATE BANK OF INDIA	COMMERCIAL BRANCH, J.L.NEHRU ROAD,11 TH FLOOR,,  JEEVAN DEEP BUILDING, 1, MIDDLETON STREET, KOLKAT  A, West Bengal - 700071, INDIA	A56596356
2	10089104	26/08/2013 *	207,500,000.00	STATE BANK OF INDIA	SME Branch, J. L. Nehru Road, Jeevan Deep (11th F  loor) 1, Middleton Street, Kolkata, West Bengal -  700071, INDIA	B85112035
3	10089198	26/08/2013 *	207,500,000.00	STATE BANK OF INDIA	SME Branch, J. L. Nehru Road, Jeevan Deep (11th F  loor) 1, Middleton Street, Kolkata, West Bengal -  700071, INDIA	B85112456

* Date of charge modification

UNSECURED LOANS

PARTICULAR

31.03.2014

(Rs. in Millions)

31.03.2013

(Rs. in Millions)

LONG TERM BORROWINGS

Term Loans From Banks

HDFC Bank

NA

0.590

Standard Chartered Bank

NA

0.780

From Others

Magma Finance Corporation Limited

NA

0.556

Tata Capital Limited

NA

0.519

Loans from related parties

Director

NA

16.800

Shareholders

NA

13.368

Bodies corporate

NA

32.995

SHORT TERM BORROWINGS

Loans from related parties

Director

NA

0.000

Shareholders

NA

0.000

Bodies corporate

NA

0.000

Total

NA

65.608

Name of banks / entities	Rate of interest	Amount outstanding as on 31st March, 2013		Period of Maturity w.r.t the Balance Sheet date	Installments Outstanding as on 31.03.13	Amount of each Installment [In Millions]
		Current #	Non - Current
HDFC Bank - Unsecured*	17%	0.885	0.590	1 yrs 7 months	(4)	0.089
Standard Chartered Bank - Unsecured	18%	1.055	0.780	1 yrs 8 months	20	0.108
Tata Capital Limited - Unsecured*	18%	0.899 (0.754)	0.519 (1.418)	1 yrs 5 months (2 yrs 5 months)	17 19	0.090 (0.090)
Magma Finance Corp. Ltd. - Unsecured*	10%	1.179 (1.216)	0.555 (1.734)	1 yrs 6 months (2 yrs 5 months)	148 (30)	^
Loans from related parties (Unsecured)@	8%	---	63.163 --	3 years	@	@

# Represents current maturities of long term debts shown under "Other current liabilities"

* Instalment includes interest

$ The term loan -2 from State Bank of India is repayable in 18 Instalments of different amount by 2016-17.

^ The term loan from Magma Finance Corp. Ltd. (Unsecured) is repayable in 30 instalments of different amount by 2014 -15.

@ Loans from related parties (Unsecured) is repayable after 3 years by 2016-17.

FIXED ASSETS

· Land (Freehold )

· Building

· Office Premises

· Plant and Machinery

· Electrical Installation

· Furniture and Fixture

· Office equipment

· Vehicle

· Generator

· Tools

· Computer

· Air conditioner Machine

· Trademark

· Copy Right

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 records 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.61.57
UK Pound	1	Rs.100.42
Euro	1	Rs.78.45

INFORMATION DETAILS

Information Gathered by :	HNA
Analysis Done by :	DIV
Report Prepared by :	SNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	5
--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	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		41

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.