MIRA INFORM REPORT

Report No. :	317602
Report Date :	17.04.2015

IDENTIFICATION DETAILS

Name :	CHANDPUR ENTERPRISES LIMITED
Registered Office :	2nd Km Mile Stone, Chandpur Noorpur Road, Chandpur – 246725, Uttar Pradesh
Tel. No.:	91-11-22467567
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	04.03.1992
Com. Reg. No.:	20-014088
Capital Investment / Paid-up Capital :	Rs. 115.388 Million
CIN No.: [Company Identification No.]	U21012UP1992PLC014088
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of Paper, Board and Pulp.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

B (31)

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

Maximum Credit Limit :	USD 590000
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an established company having moderate track. Management has failed to file latest financial statements of FY14, with the statuary authorities. As per available, the management has reported a low profit margin as well as reserves during FY13. However, trade relations seem to be fair. Business is active. Payment terms are unknown. In view of lack of financial statements, the company can be considered for business dealings with 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 DECLINED BY

Name :	Mr. Sachin
Designation :	Account Manager
Contact No.:	91-1345-220140
Date :	14.04.2015

LOCATIONS

Registered Office / Factory:	2nd Km Mile Stone, Chandpur Noorpur Road, Chandpur – 246725, Uttar Pradesh, India
Tel. No.:	91-1345-220140
Fax No.:	Not Available
E-Mail :	gauravnishantmca@yahoo.com
Paper Division:	(Paper Division) Sargam Theatre Chandpur, District Bijnor – 246725, Uttar Pradesh, India
Marketing Office:	F-24, 1^st Floor, (Above Reliance Fresh) Gali No. 10, Parwana Road, Jagat Puri, Delhi – 110092, India
Tel No.:	91-11-22467567

DIRECTORS

As on 30.09.2013

Name :

Mr. Amit Kumar Mittal

Designation :

Director

Address :

Katarmal Street, Chandpur, Bijnor-246725, Uttar Pradesh, India

Date of Appointment :

04.03.1992

DIN No.:

00713079

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	U27310UP1985PTC007389	KCM JEWELS PRIVATE LIMITED	Director	10-02-03	11-09-85	25-03-14	Active	NO
2	U21012UP1992PLC014088	CHANDPUR ENTERPRISES LIMITED	Director	04-03-92	04-03-92	-	Active	NO
3	U51398DL2002PLC117936	KCM EXPORTS LIMITED	Director	09-12-02	09-12-02	-	Active	NO
4	U15122UP2013PLC056663	EMDEES FOODS LIMITED	Director	01-05-13	01-05-13	-	Active	NO
5	L65910DL1983PLC016322	MAYUR DEVELOPMENTS AND LEASINGS LIMITED	Additional director	29-10-14	29-10-14	-	Active	NO

Name :

Mr. Ranjan Mittal

Designation :

Director

Address :

Katarmal Street, Chandpur, Bijnor-246725, Uttar Pradesh, India

Date of Appointment :

07.01.2008

DIN No.:

00780735

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	U27310UP1985PTC007389	KCM JEWELS PRIVATE LIMITED	Director	10-02-03	11-09-85	25-03-14	Active	NO
2	U51398DL2002PLC117936	KCM EXPORTS LIMITED	Director	09-12-02	09-12-02	-	Active	NO
3	U21012UP1992PLC014088	CHANDPUR ENTERPRISES LIMITED	Director	07-01-08	07-01-08	-	Active	NO
4	U15122UP2013PLC056663	EMDEES FOODS LIMITED	Director	01-05-13	01-05-13	-	Active	NO

Name :

Mr. Govind Kumar Mittal

Designation :

Director

Address :

Katarmal Street, Chandpur, Bijnor-246725, Uttar Pradesh, India

Date of Appointment :

04.03.1992

DIN No.:

00780772

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	U27310UP1985PTC007389	KCM JEWELS PRIVATE LIMITED	Director	10-02-03	11-09-85	25-03-14	Active	NO
2	U21012UP1992PLC014088	CHANDPUR ENTERPRISES LIMITED	Director	04-03-92	04-03-92	-	Active	NO
3	U51398DL2002PLC117936	KCM EXPORTS LIMITED	Director	09-12-02	09-12-02	-	Active	NO
4	U15122UP2013PLC056663	EMDEES FOODS LIMITED	Director	01-05-13	01-05-13	-	Active	NO
5	U74120MH2013PTC242729	R K SOLITAIRE INTERNATIONAL PRIVATE LIMITED	Director	01-05-13	01-05-13	-	Active	NO
6	U74990UP2014PLC064290	MITTAL CUISINES LIMITED	Director	11-06-14	11-06-14	-	Active	NO

Name :

Mr. Akshay Mittal

Designation :

Director

Address :

Katarmal Street, Chandpur, Bijnor-246725, Uttar Pradesh, India

Date of Appointment :

07.01.2008

DIN No.:

01402985

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	U27310UP1985PTC007389	KCM JEWELS PRIVATE LIMITED	Director	10-02-03	11-09-85	-	Active	NO
2	U51398DL2002PLC117936	KCM EXPORTS LIMITED	Director	09-12-02	09-12-02	01-03-14	Active	NO
3	U21012UP1992PLC014088	CHANDPUR ENTERPRISES LIMITED	Director	07-01-08	07-01-08	-	Active	NO
4	U74140DL2011PTC225336	PICANTE MEXICAN GRILL Private Limited	Director	21-09-11	21-09-11	-	Active	NO
5	U70109DL2012PLC232584	VKM INDUSTRIES LIMITED	Director	09-03-12	09-03-12	-	Active	NO
6	U51398DL2012PTC239531	YAQSH DIAMOND PRIVATE LIMITED	Director	30-07-12	30-07-12	-	Active	NO
7	U15411DL2012PTC239672	AL FORNO PIZZA PRIVATE LIMITED	Director	01-08-12	01-08-12	18-09-14	Active	NO
8	U55101DL2013PTC249121	Desinn Darden Foods Private Limited	Director	06-03-13	06-03-13	-	Active	NO
9	U74120MH2013PTC242729	R K SOLITAIRE INTERNATIONAL PRIVATE LIMITED	Director	01-05-13	01-05-13	-	Active	NO
10	U27100UP2013PTC061217	CHANDPUR STEELS PRIVATE LIMITED	Director	13-12-13	13-12-13	-	Active	NO

Name :

Mr. Arvind Kumar Mittal

Designation :

Director

Address :

Katarmal Street, Chandpur, Bijnor-246725, Uttar Pradesh, India

Date of Appointment :

04.03.1992

DIN No.:

01403171

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	U27310UP1985PTC007389	KCM JEWELS PRIVATE LIMITED	Director	11-09-85	11-09-85	25-03-14	Active	NO
2	U21012UP1992PLC014088	CHANDPUR ENTERPRISES LIMITED	Director	04-03-92	04-03-92	-	Active	NO
3	U51398DL2002PLC117936	KCM EXPORTS LIMITED	Director	09-12-02	09-12-02	-	Active	NO
4	U15122UP2013PLC056663	EMDEES FOODS LIMITED	Director	01-05-13	01-05-13	-	Active	NO

Name :

Mr. Vipin Kumar Mittal

Designation :

Director

Address :

Katarmal Street, Chandpur, Bijnor-246725, Uttar Pradesh, India

Date of Appointment :

04.03.1992

DIN No.:

01403189

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	U27310UP1985PTC007389	KCM JEWELS PRIVATE LIMITED	Director	11-09-85	11-09-85	-	Active	NO
2	U21012UP1992PLC014088	CHANDPUR ENTERPRISES LIMITED	Director	04-03-92	04-03-92	-	Active	NO
3	U51398DL2002PLC117936	KCM EXPORTS LIMITED	Director	09-12-02	09-12-02	01-03-14	Active	NO
4	U74140DL2011PTC225336	PICANTE MEXICAN GRILL Private Limited	Director	21-09-11	21-09-11	-	Active	NO
5	U70109DL2012PLC232584	VKM INDUSTRIES LIMITED	Director	09-03-12	09-03-12	-	Active	NO
6	U51398DL2012PTC239531	YAQSH DIAMOND PRIVATE LIMITED	Director	30-07-12	30-07-12	-	Active	NO
7	U15411DL2012PTC239672	AL FORNO PIZZA PRIVATE LIMITED	Director	01-08-12	01-08-12	18-09-14	Active	NO
8	U74120MH2013PTC242729	R K SOLITAIRE INTERNATIONAL PRIVATE LIMITED	Director	01-05-13	01-05-13	-	Active	NO
9	U27100UP2013PTC061217	CHANDPUR STEELS PRIVATE LIMITED	Director	13-12-13	13-12-13	-	Active	NO

Name :

Mr. Vibhor Mittal

Designation :

Director

Address :

Katarmal Street, Chandpur, Bijnor-246725, Uttar Pradesh, India

Date of Appointment :

07.01.2008

DIN No.:

01641291

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	U27310UP1985PTC007389	KCM JEWELS PRIVATE LIMITED	Director	10-02-03	11-09-85	25-03-14	Active	NO
2	U51398DL2002PLC117936	KCM EXPORTS LIMITED	Director	09-12-02	09-12-02	-	Active	NO
3	U21012UP1992PLC014088	CHANDPUR ENTERPRISES LIMITED	Director	07-01-08	07-01-08	-	Active	NO
4	U15122UP2013PLC056663	EMDEES FOODS LIMITED	Director	01-05-13	01-05-13	-	Active	NO
5	U74120MH2013PTC242729	R K SOLITAIRE INTERNATIONAL PRIVATE LIMITED	Director	01-05-13	01-05-13	-	Active	NO
6	U74990UP2014PLC064290	MITTAL CUISINES LIMITED	Director	11-06-14	11-06-14	-	Active	NO

Name :

Mr. Sarthak Mittal

Designation :

Director

Address :

Katarmal Street, Chandpur, Bijnor-246725, Uttar Pradesh, India

Date of Appointment :

20.01.2012

DIN No.:

05153064

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	U21012UP1992PLC014088	CHANDPUR ENTERPRISES LIMITED	Director	20-01-12	20-01-12	-	Active	NO
2	U15122UP2013PLC056663	EMDEES FOODS LIMITED	Director	01-05-13	01-05-13	-	Active	NO
3	U74120MH2013PTC242729	R K SOLITAIRE INTERNATIONAL PRIVATE LIMITED	Director	01-05-13	01-05-13	-	Active	NO
4	U74990UP2014PLC064290	MITTAL CUISINES LIMITED	Director	11-06-14	11-06-14	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Sachin
Designation :	Account Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

SHAREHOLDING DETAIL FILE ATTACHED

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2013

Category	Percentage
Bodies corporate	0.69
Directors or relatives of directors	89.75
Other top fifty shareholders	9.56
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Paper, Board and Pulp.
Products :	Paper Board Pulp
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

PRODUCTION STATUS NOT AVAILABLE

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 :

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

No. of Employees :

Information declined by the management

Bankers :

State Bank of India, Specialised Commercial Branch, Civil Lines, Moradabad - 244001, Uttar Pradesh, India

Facilities :

Secured Loan	31.03.2013 (Rs. in Million)	31.03.2012 (Rs. in Million)
Long-term Borrowings
Rupee term loans from banks	1.292	0.961
Short-term borrowings
Loans repayable on demand from banks	37.335	41.105
Total	38.627	42.066

Banking Relations :	--
Auditors :
Name :	Shwetabh and Associates Chartered Accountants
Address :	Wajid Nagar, Prince Road, Moradabad, Uttar Pradesh, India
PAN N Income-tax PAN of auditor or auditor's firm :	ADDPR7816B
Memberships :	--
Collaborators :	--
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives (AS ON 31.03.2013):	Picante Mexican Grill Limited VKM Industries Private Limited

CAPITAL STRUCTURE

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
13010000	Equity Shares	Rs.10/- each	Rs. 130.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
11538840	Equity Shares	Rs.10/- each	Rs. 115.388 Million

FINANCIAL DATA

[all figures are in Rupees Million]

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	115.388	115.388	115.388
(b) Reserves & Surplus	88.947	86.923	84.728
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.750	0.750	0.750
Total Shareholders’ Funds (1) + (2)	205.085	203.061	200.866
(3) Non-Current Liabilities
(a) long-term borrowings	1.292	0.961	2.888
(b) Deferred tax liabilities (Net)	0.941	1.069	1.479
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	2.233	2.030	4.367
(4) Current Liabilities
(a) Short term borrowings	103.957	91.012	69.348
(b) Trade payables	167.363	230.453	175.476
(c) Other current liabilities	2.314	0.579	11.402
(d) Short-term provisions	1.287	1.385	1.391
Total Current Liabilities (4)	274.921	323.429	257.617
TOTAL	482.239	528.520	462.850
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	80.181	63.176	69.652
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	15.831	15.816
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.001	0.800	0.800
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	7.006	6.918	6.314
(e) Other Non-current assets	1.553	2.024	2.496
Total Non-Current Assets	88.741	88.749	95.078
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	189.757	157.127	100.528
(c) Trade receivables	104.645	131.271	139.916
(d) Cash and cash equivalents	67.069	95.449	97.806
(e) Short-term loans and advances	32.027	50.636	29.522
(f) Other current assets	0.000	5.288	0.000
Total Current Assets	393.498	439.771	367.772
TOTAL	482.239	528.520	462.850

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013	31.03.2012	31.03.2011
	SALES
	Income	512.731	625.050	642.774
	Other Income	0.920	0.502	0.013
	TOTAL (A)	513.651	625.552	642.787
Less	EXPENSES
	Cost of Materials Consumed	238.621	357.427	407.134
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(57.397)	(16.097)	(13.588)
	Employees benefits expense	19.343	16.400	9.740
	Other expenses	293.031	246.687	219.651
	TOTAL (B)	493.598	604.417	622.937
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	20.053	21.135	19.850
Less	FINANCIAL EXPENSES (D)	5.732	7.485	5.583
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	14.321	13.650	14.267
Less/ Add	DEPRECIATION/ AMORTISATION (F)	11.064	10.479	11.284
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	3.257	3.171	2.983
Less	TAX (H)	1.233	0.976	1.060
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	2.024	2.195	1.923
	Earnings / (Loss) Per Share (Rs.)
	Basic	0.18	0.19	0.17
	Diluted	0.17	0.19	0.17

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Net Profit Margin (PAT / Sales)	(%)	0.39	0.35	0.30
Operating Profit Margin (PBIDT/Sales)	(%)	3.91	3.38	3.09
Return on Total Assets (PBT/Total Assets}	(%)	0.68	0.62	0.67
Return on Investment (ROI) (PBT/Networth)		0.02	0.02	0.01
Debt Equity Ratio (Total Debt /Networth)		0.51	0.45	0.36
Current Ratio (Current Asset/Current Liability)		1.43	1.36	1.43

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	115.388	115.388	115.388
Reserves & Surplus	84.728	86.923	88.947
Share Application money pending allotment	0.750	0.750	0.750
Net worth	200.866	203.061	205.085
long-term borrowings	2.888	0.961	1.292
Short term borrowings	69.348	91.012	103.957
Total borrowings	72.236	91.973	105.249
Debt/Equity ratio	0.360	0.453	0.513

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	642.774	625.050	512.731
		(2.757)	(17.970)

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	642.774	625.050	512.731
Profit	1.923	2.195	2.024
	0.30%	0.35%	0.39%

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	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	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	No
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

NOTE: Registered office of the company has been shifted from Sargam Theatre Chandpur, Bijnor, Uttar Pradesh,India to the present address w.e.f. 06.01.2010

UNSECURED LOAN

PARTICULARS	31.03.2013 (Rs. in Million)	31.03.2012 (Rs. in Million)
Short-term borrowings
Loans and advances from directors	37.735	30.585
Loans and advances from others	28.887	19.322
Total	66.622	49.907

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	90280557	26/04/2014 *	49,000,000.00	STATE BANK OF INDIA	SPECIALISED COMMERCIAL BRANCH, CIVIL LINES, MORAD ABAD, UTTAR PRADESH - 244001, INDIA	C17310004
2	90277407	09/09/2002	600,000.00	STATE BANK OF INDIA	OVERSEAS BRANCH, MORADABAD, UTTAR PRADESH, INDIA	-

* Date of charge modification

FIXED ASSETS

Tangible assets

• Land
• Buildings
• Furniture and fixtures
• Vehicles
• Office equipment
• Computer equipments
• Other equipments
• Plantations

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 records 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.62.37
UK Pound	1	Rs.92.44
Euro	1	Rs.66.56

INFORMATION DETAILS

Information Gathered by :	PPT
Analysis Done by :	SUB
Report Prepared by :	KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	4
--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		31

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.