MIRA INFORM REPORT

Report No. :	314320
Report Date :	02.04.2015

IDENTIFICATION DETAILS

Name :	BLOOM SEAL CONTAINERS PRIVATE LIMITED
Registered Office :	4^th Floor, Ready Money Terrace No.167, Dr. Annie Basant Road, Worli Naka, Mumbai – 400018, Maharashtra
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	25.08.2006
Com. Reg. No.:	11-164055
Capital Investment / Paid-up Capital :	Rs.10.100 Million
CIN No.: [Company Identification No.]	U74950MH2006PTC164055
TAN No.: [Tax Deduction & Collection Account No.]	MUMB17288F
PAN No.: [Permanent Account No.]	AADCB0013C
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturing, Exporting and Importing of Plastic Products, Plastic containers
No. of Employees :	160 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 98000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having a moderate track record. External borrowing of the company seems to be huge during 2014. However, trade relations are fair. Business is active. Payment terms are slow but correct. The company can be considered for business dealing with some caution.

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 – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

EXTERNAL AGENCY RATING

Rating Agency Name	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	Not Available

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 :	Ms. Priya
Designation :	Company Secretary
Contact No.:	91-22-61233513
Date :	28.03.2015

LOCATIONS

Registered Office Factory 1:	4^th Floor, Ready Money Terrace No.167, Dr. Annie Basant Road, Worli Naka, Mumbai – 400018, Maharashtra, India
Tel. No.:	91-22-61233536/24930560/24970561/61233500/13
Mobile No.:	91-9223174758 (Mr. Jatin Shah)
Fax No.:	91-22-24938826
E-Mail :	jatinshah@bloompsckaging.cpm thackerkm@uniphos.com bloompack@rediffmail.com info@bloomseal.com
Website :	http://www.bloompackaging.com http://www.bloomseal.com
Area :	3000 sq. ft.
Location :	Owned
Factory 2 :	Plot No.13/14/15, Part 2nd, Bharat Indl – Estate, Bhimpore Daman – 396210, Gujarat, India
Tel. No.:	91-260-6450161/165
Factory 3:	Plot No.282/1, Begarm Road, GIDC Vapi – 396195, Gujarat, India
Tel. No.:	91-260-6450166/67
Area :	35000 sq. ft.

DIRECTORS

As on: 30.09.2013

Name :

Mr. Pradeep Kumar Nathalal Sagar

Designation :

Director

Address :

2 –B Sursagar, SN Road, No. 1 Juhu Scheme, Vile Parle (West), Mumbai – 400056, Maharashtra, India

Date of Birth/Age :

27.11.1956

Date of Appointment :

25.08.2006

DIN No.:

00240667

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	U65990MH1994PTC077491	BLOOM PACKAGING PRIVATE LIMITED	Managing director	14/03/1995	14/03/1995	Active	NO
2	U24110GJ1980PTC004076	NERKA CHEMICALS PRIVATE LIMITED	Director	28/09/1995	28/09/1995	Active	NO
3	U25202DD1997PTC002368	BLOOM INDUSTRIAL PLASTICS PRIVATE LIMITED	Managing director	26/06/1997	26/06/1997	Active	NO
4	U74950MH2006PTC164055	BLOOM SEAL CONTAINERS PRIVATE LIMITED	Director	25/08/2006	25/08/2006	Active	NO
5	U92412MH2013NPL243490	INTERNATIONAL TOPPER CLASS ASSOCIATION OF INDIA	Director	22/05/2013	22/05/2013	Active	NO

Name :

Mr. Adiyil Chandrasekhar Narayanan Kondath Menon

Designation :

Director

Address :

9-2 Khar Samrudhi CHS LD07137B 12^th Road, Khar (West), Mumbai – 400052, Maharashtra, India

Date of Birth/Age :

10.09.1938

Date of Appointment :

25.08.2006

DIN No.:

00213039

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	U21020GJ1993PLC019815	PAR POLYPACK INDIA LIMITED	Director	12/07/1993	12/07/1993	-	Active	NO
2	U65990MH1994PTC077491	BLOOM PACKAGING PRIVATE LIMITED	Director	08/07/1994	08/07/1994	-	Active	NO
3	U51900MH1995PTC092301	ARCHANA OVERSEAS PRIVATE LIMITED	Director	12/07/1996	12/07/1996	-	Active	NO
4	U21010GJ1981PTC027308	DAMAN GANGA PULP AND PAPERS PRIVATE LIMITED (TR CO FROM MAHARASHTRA)	Director	10/01/1997	10/01/1997	-	Active	NO
5	U25202DD1997PTC002368	BLOOM INDUSTRIAL PLASTICS PRIVATE LIMITED	Director	26/06/1997	26/06/1997	-	Active	NO
6	U70100MH1995PTC087215	SEIKO PROPERTIES PRIVATE LIMITED	Director	30/01/2001	30/01/2001	-	Active	NO
7	U65990GJ1991PTC027309	ESTHETIC FINVEST PRIVATE LIMITED	Director	28/05/2001	28/05/2001	-	Active	NO
8	U65990GJ1986PTC027314	SHATATARAKA HOLDINGS PRIVATE LIMITED (TR CO FROM MAHARASHTRA)	Director	28/05/2001	28/05/2001	-	Active	NO
9	U24110GJ1980PTC004076	NERKA CHEMICALS PRIVATE LIMITED	Director	04/09/2002	04/09/2002	-	Active	NO
10	U65910GJ1993PTC027347	SADAFULI FINVEST PRIVATE LIMITED (TR CO FROM MAHARASHTRA)	Director	10/06/2003	10/06/2003	-	Active	NO
11	U70101MH2004PTC146745	ACCOLADE PROPERTIES PRIVATE LIMITED	Director	01/11/2004	01/11/2004	-	Active	NO
12	U74910MH2004PTC149655	ISERV SECURITY AND SERVICES PRIVATE LIMITED	Director	23/11/2004	23/11/2004	26/03/2010	Active	NO
13	U74950MH2006PTC164055	BLOOM SEAL CONTAINERS PRIVATE LIMITED	Director	25/08/2006	25/08/2006	-	Active	NO
14	U45201MH2006PLC164867	MRUGAL PROPERTIES LIMITED	Director	23/09/2006	23/09/2006	-	Active	NO
15	U45201MH2006PLC164917	AGRAJA PROPERTIES LIMITED	Director	26/09/2006	26/09/2006	-	Active	NO
16	U74140MH1972PTC015858	TEKNOMIC CONSULTANTS PRIVATE LIMITED	Director	22/01/2007	22/01/2007	-	Active	NO
17	U01409GJ2007PTC050222	BENCH BIO PRIVATE LIMITED	Director	15/03/2007	15/03/2007	-	Active	NO
18	U45200MH2003PTC142055	MAGNUS PROPERTIES PRIVATE LIMITED	Director	16/09/2011	16/09/2011	-	Active	NO
19	U45200MH2002PTC137414	HARDSTONE PROPERTIES (INDIA) PRIVATE LIMITED	Director	16/09/2011	16/09/2011	-	Active	NO
20	U24233MH2010PLC201773	TEST AGRICHEMICAL LIMITED	Director	29/09/2012	09/11/2011	-	Active	NO
21	U41000GJ2008PLC055115	GECPL-UEEL CONSORTIUM LIMITED	Director	29/09/2012	17/01/2012	-	Active	NO
22	U29219MH2006PTC163847	PRASKAND ENVIRONMENT PRIVATE LIMITED	Director	29/09/2012	04/06/2012	-	Active	NO
23	U29219MH2006PTC163388	KHALINE ENVIRONMENT PRIVATE LIMITED	Director	29/09/2012	04/06/2012	-	Active	NO
24	U29219MH2006PTC163390	KHAGAY ENVIRONMENT PRIVATE LIMITED	Director	29/09/2012	04/06/2012	-	Active	NO
25	U29219MH2006PTC163697	HELINE ENVIRONMENT PRIVATE LIMITED	Director	29/09/2012	04/06/2012	-	Active	NO
26	U90000MH2010PTC200801	TATVA CLEAN TECH PRIVATE LIMITED	Director	29/09/2012	04/06/2012	-	Active	NO
27	U99000MH2006PLC161227	ENTRUST ENVIRONMENT LIMITED	Director	29/09/2012	04/06/2012	-	Active	NO
28	U29219MH2006PLC163400	SHARVAK ENVIRONMENT LIMITED	Director	29/09/2012	04/06/2012	-	Active	NO
29	U65923MH2010PTC198952	UPL INVESTMENT PRIVATE LIMITED	Director	29/09/2012	05/06/2012	-	Active	NO
30	U41000MH2010PTC199840	TATVA GLOBAL WATER TECHNOLOGIES PRIVATE LIMITED	Director	29/09/2012	05/06/2012	-	Active	NO
31	U90001TZ2008PTC014159	COIMBATORE INTEGRATED WASTE MANAGEMENT COMPANY PRIVATE LIMITED	Director	29/09/2012	17/08/2012	-	Active	NO
32	U40101MH2010PTC198447	TATVA GLOBAL RENEWABLE ENERGY COMPANY PRIVATE LIMITED	Director	29/09/2012	17/08/2012	-	Active	NO

Name :

Mrs. Shilpa Pradeep Sagar

Designation :

Director

Address :

9- B Sursagar 14 Azad Nagar Society, Juhu Scheme Road, No. 1, Vile Parle (East), Mumbai – 400056, Maharashtra, India

Date of Birth/Age :

21.12.1962

Date of Appointment :

01.03.2008

DIN No.:

01982397

KEY EXECUTIVES

Name :	Mr. Jatin Shah
Designation :	Sales and Marketing
Name :	Ms. Priya
Designation :	Secretary
Name :	Arvind Gandana and Company
Designation :	Company Secretaries
Address:	#307, Ashirwad Paras, Near Prahladnagar Garden, Corporate Road. Prahladnagar. Satellite, Ahmedabad-380 01 5., Gujarat, India

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2013

Names of Equity Shareholders	No. of Shares
Pradeep Kumar Nathalal Sagar	9900
Shilpa Pradeep Sagar	100
TOTAL	10000

Names of Preference Shareholders	No. of Shares
Bloom Packaging Private Limited, India	1000000
TOTAL	1000000

AS ON 30.09.2013

Equity Shares Break Up	Percentage of Holding
Directors or relatives of Directors	100.00
TOTAL	100.00

-

BUSINESS DETAILS

Line of Business :	Manufacturing, Exporting and Importing of Plastic Products, Plastic containers
Products :	· Plastic Products · Plastic containers
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :
Products :	Finished Goods
Countries :	· Europe · Gulf Countries
Imports :
Products :	Raw Material
Countries :	· Gulf Countries
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

Wholesalers and Retailers

Reference :	Crop Life Science
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

No. of Employees :

160 (Approximately)

Bankers :

Bank Name	Bank of Baroda
Branch	Worli Branch, Office No.13, Vaswani Chambers, Opposite Old Pass Port Office, Dr. A B Road, Worli, Mumbai-400030, Maharashtra, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

Secured Loan	Rs. In Million 31.03.2014	Rs. In Million 31.03.2013
Long Term Borrowings
Term Loans
From Banks	8.926	19.835
Short Term Borrowings
Loans Repayable on Demand
From Banks	24.503	7.314
TOTAL	33.429	27.149
NOTE SHORT TERM BORROWINGS The cash credit facility is secured by equitable mortgage of factory land and building situated at Plot No.13, 14, 15 and 94 at Bharat Industrial Estate, Bhimpore, Daman, belonging to M/s Bloom Packaging Private Limited (Guarantor). Composite hypothecation agreement (hypothecation of plant and machinery / goods / book debts). Further with personal guarantee of 1) Mr. Pradipkumar Nathalal Sagar 2) Mr. Adiyil Chandrasekhar Menon and Corporate guarantee of M/s Bloom Packaging Private Limited.

Auditors :
Name :	T R Chadha and Company Chartered Accountant
Address :	45, 5th Floor, Shree Krishna Centre Near Mithakali Six Road, Navarangpura Ahmedabad-380009, Gujarat, India
Tel. No.:	91-79-26431934
Fax No.:	91-79-26401697
E-Mail :	ahmedabad@trchadha.com delhi@trchandha.com
PAN No.:	AAAFT1655Q
Memberships :	Not Available
Collaborators :	Not Available
Enterprises over which key Management Personal and their relatives have significant influence:	· Bloom Packaging Private Limited · Bloom Industrial Plastics Private Limited · TISHYA Tropical Farm · Teknomic Consultants Private Limited · Ultima Search

CAPITAL STRUCTURE

On 31.03.2014

Authorized Capital:

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.10/- each	Rs. 5.000 Million
4000000	4% Non-Convertible Redeemable Non-Cumulative Preference Shares	Rs.10/- each	Rs. 40.000 Million
	TOTAL		Rs. 45.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs. 0.100 Million
1000000	4% Non-Convertible Redeemable Non-Cumulative Preference Shares	Rs.10/- each	Rs. 10.000 Million
	TOTAL		Rs. 10.100 Million

FINANCIAL DATA

[all figures are in Rupees Million]

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	10.100	10.100	10.100
(b) Reserves & Surplus	23.998	17.710	24.292
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	30.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	64.098	27.810	34.392
(3) Non-Current Liabilities
(a) long-term borrowings	122.720	109.196	117.868
(b) Deferred tax liabilities (Net)	0.348	0.000	1.694
(c) Other long term liabilities	1.305	1.011	0.000
(d) long-term provisions	0.000	0.000	1.160
Total Non-current Liabilities (3)	124.373	110.207	120.722
(4) Current Liabilities
(a) Short term borrowings	24.503	7.314	3.461
(b) Trade payables	38.882	57.642	50.700
(c) Other current liabilities	28.196	13.266	15.597
(d) Short-term provisions	1.916	1.120	3.195
Total Current Liabilities (4)	93.497	79.342	72.953
TOTAL	281.968	217.359	228.067
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	117.287	132.383	127.680
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	6.334	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	1.442	0.000
(d) Long-term Loan and Advances	18.108	12.485	15.350
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	141.729	146.310	143.030
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	70.351	31.794	27.726
(c) Trade receivables	51.033	30.201	23.468
(d) Cash and cash equivalents	10.790	0.305	8.833
(e) Short-term loans and advances	8.065	8.749	24.690
(f) Other current assets	0.000	0.000	0.320
Total Current Assets	140.239	71.049	85.037
TOTAL	281.968	217.359	228.067

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	322.053	205.637	200.64
		Other Income	1.814	0.627	0.623
		TOTAL (A)	323.867	206.264	201.263
Less	EXPENSES
		Cost of Materials Consumed	201.664	112.084	102.896
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(24.668)	(3.633)	8.486
		Employees benefits expense	28.683	19.820	17.811
		Other expenses	85.580	63.588	52.241
		TOTAL (B)	291.259	191.859	181.434
Less	PROFIT (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		32.608	14.405	19.829
Less	FINANCIAL EXPENSES (D)		5.165	6.418	12.947
	PROFIT (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D (E)		27.443	7.987	6.882
Less/ Add	DEPRECIATION/ AMORTISATION (F)		19.364	17.764	13.117
	PROFIT (LOSS) BEFORE TAX (E-F) (G)		8.079	(9.777)	(6.235)
Less	TAX (H)		1.791	(3.195)	(1.946)
	PROFIT (LOSS) AFTER TAX (G-H) (I)		6.288	(6.582)	(4.289)
	EARNINGS IN FOREIGN CURRENCY		1.391	0.622	0.563
	IMPORTS
		Components and Spares Parts	0.452	0.447	0.166
		Capital Goods	8.432	0.408	40.644
	TOTAL IMPORTS		8.884	0.855	40.810
	Earnings Per Share (Rs.)		628.77	(658.22)	(428.85)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	1.95	(3.20)	(2.14)
Operating Profit Margin (PBIDT/Sales)	(%)	10.13	7.01	9.88
Return on Total Assets (PBT/Total Assets}	(%)	2.93	(4.53)	(2.73)
Return on Investment (ROI) (PBT/Networth)		0.13	(0.35)	(0.18)
Debt Equity Ratio (Total Debt /Networth)		2.30	4.19	3.53
Current Ratio (Current Asset/Current Liability)		1.50	0.90	1.17

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	10.100	10.100	10.100
Reserves & Surplus	24.292	17.710	23.998
Share Application money pending allotment	0.000	0.000	30.000
Net worth	34.392	27.810	64.098
long-term borrowings	117.868	109.196	122.720
Short term borrowings	3.461	7.314	24.503
Total borrowings	121.329	116.510	147.223
Debt/Equity ratio	3.528	4.190	2.297

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	200.640	205.637	322.053
		2.491	56.612

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	200.640	205.637	322.053
Profit/ Loss	(4.289)	(6.582)	6.288
	(2.14%)	(3.20%)	1.95%

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	Yes
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	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	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

The company has strengthened its marketing team and started exploring the marketing network other than Agro Industry like Inks and Paints, Fine Chemical and Lube Oil. This has resulted into utilization of Optimum production capacity throughout the year as well increase the turnover. The Company has planned further improvement by which we should expect growth in their bottom line in coming years.

UNSECURED LOAN

Particular	Rs. In Million 31.03.2014	Rs. In Million 31.03.2013
Long Term Borrowings
Loans and Advances from Related Parties	113.794	89.361
TOTAL	113.794	89.361

INDEX OF CAHREGS:

S. NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10138237	29/04/2014 *	103,163,000.00	BANK OF BARODA	WORLI BRANCH, OFFICE NO. 13, VASWANI CHAMBERS, MUMBAI - 400018, MAHARASHTRA, INDIA	C04646469

* Date of charge modification

CONTINGENT LIABILITIES:

(Rs. in million)

PARTICULARS	31.03.2014
LC Opened with Banks	13.706
Total	13.706

BACKGROUND AND OPERATIONS

Subject is engaged in business of Manufacturing of Low and High barrier HDPE Containers and Similar Articles.

FIXED ASSETS

· Plant and Machinery

· Mobile

· Electrical Installation

· Computer

· Office Equipments

· Furniture and Fixtures

· Vehicles

· Leasehold Improvements (Building)

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.62.59
UK Pound	1	Rs.92.46
Euro	1	Rs.67.51

INFORMATION DETAILS

Information Gathered by :	KMN
Analysis Done by :	RSM
Report Prepared by :	MTN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	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		27

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

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