MIRA INFORM REPORT

Report No. :	334742
Report Date :	01.08.2015

IDENTIFICATION DETAILS

Name :	JAY MADHOK ENERGY PRIVATE LIMITED

Registered Office :	D-143, Defence Colony, New Delhi - 110024
Tel. No.:	91-11-42791000

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	25.09.2009

Com. Reg. No.:	55-194705

Capital Investment / Paid-up Capital :	Rs.0.100 Million

CIN No.: [Company Identification No.]	U40200DL2009PTC194705

IEC No.:	Not Available

TAN No.: [Tax Deduction & Collection Account No.]	Not Available

PAN No.: [Permanent Account No.]	Not Available

Legal Form :	Private Limited Liability Company

Line of Business :	To carry on the business of refiners, stores, suppliers and distributors of petroleum and petroleum products.

No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ca (12)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate

Payment Behaviour :	Slow and Delayed

Litigation :	Clear

Comments :	Subject is an established company having moderate track record. Management remains Non-cooperative. Networth of the company has been eroded due to pre-operative expenses incurred from its operations. Business is active as per status shown in the registrar of companies. Payment terms are slow and delayed. The company can be considered for business dealings on safe and secured 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 – March 31, 2015

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

India

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 31-03-2013.

INFORMATION DECLINED

MANAGEMENT NON CO-OPERATIVE (91-11-42791000/24629086)

LOCATIONS

Registered Office :	D-143, Defence Colony, New Delhi - 110024
Tel. No.:	91-11-42791000/24629086
Fax No.:	Not Available
E-Mail :	cs@jaypolychem.com

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Satinder Pal Singh

Designation :

Director

Address :

D - 97, Defence Colony, New Delhi - 110024, India

Date of Birth/Age :

26.08.1966

Date of Appointment :

25.09.2009

DIN No.:

00051036

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	U24111DL1999PTC102727	JASPARK SPECIALITY CHEMICALS PRIVATE LIMITED	Director	08-12-99	08-12-99	-	Active	NO
2	U32204DL2004PTC125747	JAY TEL MOBILE PRIVATE LIMITED	Director	12-04-04	12-04-04	01-07-14	Active	NO
3	U72300DL1991PLC044884	JAY POLYCHEM INDIA LIMITED	Whole-time director	01-10-11	01-05-06	-	Active	NO
4	U51909DL1997PTC089926	BAWEJA EXPORTS PRIVATE LIMITED	Director	15-09-06	15-09-06	01-01-15	Active	NO
5	U45200DL2006PTC156379	AN Platinum Land Private Limited	Director	08-12-06	08-12-06	-	Active	NO
6	U45200DL2007PTC161066	Jay Platinum Land Private Limited.	Director	23-03-07	23-03-07	-	Active	NO
7	U72300DL2007PTC166579	PREMIUM INFORMATICS PRIVATE LIMITED	Director	02-08-07	02-08-07	-	Active	NO
8	U24100DL2007PTC166630	PAAVAN CHEMICALS PRIVATE LIMITED	Director	03-08-07	03-08-07	-	Active	NO
9	U72900DL2000PTC106396	SUNDARAM SOFTWARE PRIVATE LIMITED	Director	03-11-09	22-11-07	-	Active	NO
10	U40200DL2009PTC194705	JAY MADHOK ENERGY PRIVATE LIMITED	Director	25-09-09	25-09-09	-	Active	NO
11	U40101DL2010PTC200218	JAY POWER INFRASTRUCTURES PRIVATE LIMITED	Director	16-03-10	16-03-10	-	Active	NO
12	U40102DL2010PTC202182	JAY NATURAL ENERGY PRIVATE LIMITED	Director	30-04-10	30-04-10	-	Active	NO
13	U40101DL2010PLC202295	ISHAR POWER INFRASTRUCTURE LIMITED	Director	05-05-10	05-05-10	-	Active	NO
14	U45204DL2010PLC205297	JAY MADHOK PROJECTS LIMITED	Director	06-07-10	06-07-10	-	Active	NO
15	U25190DL2010PTC205835	JAY POLYCOMPOUNDS PRIVATE LIMITED	Director	13-07-10	13-07-10	-	Active	NO
16	U11100DL2011PTC215334	ISHAR GASOIL PRIVATE LIMITED	Director	07-03-11	07-03-11	-	Active	NO
17	U40106DL2011PTC219080	Ishar Wind Energy Private Limited	Director	12-05-11	12-05-11	-	Active	NO
18	U70109DL2011PTC218812	Jay Madhok Holdings Private Limited	Director	21-12-11	21-12-11	-	Active	NO
19	U55100DL2010PTC203474	JAY HOSPITALITIES PRIVATE LIMITED	Director	21-12-11	21-12-11	-	Active	NO
20	U55101DL2012PTC232981	HARNANDISH HOTELS PRIVATE LIMITED	Director	26-03-12	26-03-12	-	Active	NO
21	U40106DL2010PTC200037	JAY NATURAL RESOURCES INDIA PRIVATE LIMITED	Director	16-07-12	16-07-12	-	Active	NO
22	U24293DL2007PTC166571	J.S. PETRO CHEMICALS PRIVATE LIMITED	Director	16-07-12	16-07-12	-	Active	NO
23	U72300DL2007PTC166578	J.S. INFOGEN PRIVATE LIMITED	Director	16-07-12	16-07-12	-	Active	NO
24	U74899DL1995PLC067006	GANAPATI BREWERIES LIMITED	Director	29-09-12	16-07-12	01-01-15	Active	NO
25	U74899DL1995PLC071853	GANAPATI SUGAR LIMITED	Director	29-09-12	16-07-12	01-01-15	Active	NO
26	U40106DL2013PTC262167	Ishar Gas Jalandhar Private Limited	Director	13-12-13	13-12-13	-	Active	NO
27	U11100DL2014PTC264250	NANDISHAR OIL AND GAS PRIVATE LIMITED	Director	31-01-14	31-01-14	-	Active	NO
28	U11100DL2014PTC266571	HARNANDISH OIL AND GAS PRIVATE LIMITED	Director	19-03-14	19-03-14	-	Active	NO

Name :

Mr. Sandeep Singh Madhok

Designation :

Director

Address :

D - 97, Defence Colony, New Delhi - 110024, India

Date of Birth/Age :

11.09.1971

Date of Appointment :

25.09.2009

DIN No.:

00191513

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	U24111DL1999PTC102727	JASPARK SPECIALITY CHEMICALS PRIVATE LIMITED	Director	08-12-99	08-12-99	-	Active	NO
2	U32204DL2004PTC125747	JAY TEL MOBILE PRIVATE LIMITED	Director	12-04-04	12-04-04	01-07-14	Active	NO
3	U72300DL1991PLC044884	JAY POLYCHEM INDIA LIMITED	Managing director	03-09-12	01-05-06	-	Active	NO
4	U74899DL1995PLC071853	GANAPATI SUGAR LIMITED	Director	15-09-06	15-09-06	01-01-15	Active	NO
5	U74899DL1995PLC067006	GANAPATI BREWERIES LIMITED	Director	15-09-06	15-09-06	01-01-15	Active	NO
6	U45200DL2006PTC156379	AN Platinum Land Private Limited	Director	08-12-06	08-12-06	-	Active	NO
7	U45200DL2007PTC161066	Jay Platinum Land Private Limited.	Director	23-03-07	23-03-07	-	Active	NO
8	U24293DL2007PTC166571	J.S. PETRO CHEMICALS PRIVATE LIMITED	Director	02-08-07	02-08-07	-	Active	NO
9	U72300DL2007PTC166578	J.S. INFOGEN PRIVATE LIMITED	Director	02-08-07	02-08-07	-	Active	NO
10	U72300DL2007PTC166579	PREMIUM INFORMATICS PRIVATE LIMITED	Director	02-08-07	02-08-07	-	Active	NO
11	U24100DL2007PTC166630	PAAVAN CHEMICALS PRIVATE LIMITED	Director	03-08-07	03-08-07	-	Active	NO
12	U72900DL2000PTC106396	SUNDARAM SOFTWARE PRIVATE LIMITED	Director	03-11-09	31-10-07	-	Active	NO
13	U40200DL2009PTC194705	JAY MADHOK ENERGY PRIVATE LIMITED	Director	25-09-09	25-09-09	-	Active	NO
14	U40106DL2010PTC200037	JAY NATURAL RESOURCES INDIA PRIVATE LIMITED	Director	12-03-10	12-03-10	-	Active	NO
15	U40101DL2010PTC200218	JAY POWER INFRASTRUCTURES PRIVATE LIMITED	Director	16-03-10	16-03-10	-	Active	NO
16	U40101DL2010PLC202295	ISHAR POWER INFRASTRUCTURE LIMITED	Director	05-05-10	05-05-10	-	Active	NO
17	U55100DL2010PTC203474	JAY HOSPITALITIES PRIVATE LIMITED	Director	01-06-10	01-06-10	-	Active	NO
18	U45204DL2010PLC205297	JAY MADHOK PROJECTS LIMITED	Director	06-07-10	06-07-10	-	Active	NO
19	U25190DL2010PTC205835	JAY POLYCOMPOUNDS PRIVATE LIMITED	Director	13-07-10	13-07-10	-	Active	NO
20	U11100DL2011PTC215334	ISHAR GASOIL PRIVATE LIMITED	Director	07-03-11	07-03-11	-	Active	NO
21	U70109DL2011PTC218812	Jay Madhok Holdings Private Limited	Director	09-05-11	09-05-11	-	Active	NO
22	U40106DL2011PTC219080	Ishar Wind Energy Private Limited	Director	12-05-11	12-05-11	-	Active	NO
23	U55101DL2012PTC233328	HARNANDISHAR HOTELS PRIVATE LIMITED	Director	26-03-12	26-03-12	-	Active	NO
24	U40102DL2010PTC202182	JAY NATURAL ENERGY PRIVATE LIMITED	Director	16-07-12	16-07-12	-	Active	NO
25	U40106DL2013PTC262167	Ishar Gas Jalandhar Private Limited	Director	13-12-13	13-12-13	-	Active	NO
26	U11100DL2014PTC264250	NANDISHAR OIL AND GAS PRIVATE LIMITED	Director	31-01-14	31-01-14	-	Active	NO
27	U11100DL2014PTC266571	HARNANDISH OIL AND GAS PRIVATE LIMITED	Director	19-03-14	19-03-14	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares	%age holding
Satinder Pal Singh	5000	50.00
Sandeep Singh Madhok	5000	50.00
Total	10000	100.00

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Bodies corporate	50.00
Directors or relatives of Directors	50.00
Total	100.00

BUSINESS DETAILS

Line of Business :	To carry on the business of refiners, stores, suppliers and distributors of petroleum and petroleum products.

Brand Names :	Not Available

Agencies Held :	Not Available

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 :

Banker Name	State Bank of India
Branch Address	Overseas Branch, Jawahar Vyapar Bhawan, 1, Tolstoy Marg, New Delhi - 110001, 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

Auditors :
Name :	B S Sawhney and Associates Chartered Accountant
Address :	F-249 (G.F), New Rajinder Nagar, New Delhi – 110060, India
Tel. No.:	91-11-45082854/28743598
Fax No.:	91-11/28743887
E-Mail :	bassa@bassa83.com
PAN N Income-tax PAN of auditor or auditor's firm :	AADFB4160H

Memberships :	Not Available

Collaborators :	Not Available

Associates/Subsidiaries :	---

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

5000000	Equity Shares	Rs.10/- each	Rs. 50.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

10000	Equity Shares	Rs.10/- each	Rs. 0.100 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	0.100	0.100	0.100
(b) Reserves & Surplus	(0.194)	0.470	0.090
(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)	(0.094)	0.570	0.190

(3) Non-Current Liabilities
(a) long-term borrowings	53.300	24.345	39.156
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(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)	53.300	24.345	39.156

(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	0.000	0.000	0.000
(c) Other current liabilities	6.134	1.058	0.644
(d) Short-term provisions	0.000	0.243	0.003
Total Current Liabilities (4)	6.134	1.301	0.647

TOTAL	59.340	26.216	39.993

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1.145	1.402	1.719
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	35.984	23.229	18.332
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.050	0.000	0.000
(c) Deferred tax assets (net)	0.032	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.997	0.831	0.657
Total Non-Current Assets	38.208	25.462	20.708

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	21.016	0.580	18.104
(e) Short-term loans and advances	0.116	0.174	1.181
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	21.132	0.754	19.285

TOTAL	59.340	26.216	39.993

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	0.000	0.000	0.000
	Other Income	1.344	0.952	1.064
	TOTAL (A)	1.344	0.952	1.064

Less	EXPENSES
	Other expenses	0.613	0.015
	Exceptional Items	(0.030)	0.000
	TOTAL (B)	0.583	0.015	1.056 (Including financial expenses)

Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	0.761	0.937

Less	FINANCIAL EXPENSES (D)	1.200	0.000

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	(0.439)	0.937	0.248

Less/ Add	DEPRECIATION/ AMORTISATION (F)	0.257	0.317	0.240

	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	(0.696)	0.620	0.008

Less	TAX (H)	(0.032)	0.240	0.003

	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	(0.664)	0.380	0.005

	Earnings / (Loss) Per Share (Rs.)	(66.42)	37.98	0.55

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	0.000	0.000	0.000
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	0.00	0.00	0.00

Operating Profit Margin (PBIDT/Sales)	(%)	0.00	0.00	NA

Return on Total Assets (PBT/Total Assets}	(%)	(2.99)	20.76	0.04

Return on Investment (ROI) (PBT/Networth)		7.40	1.09	0.04

Debt Equity Ratio (Total Debt /Networth)		(567.02)	42.71	206.08

Current Ratio (Current Asset/Current Liability)		3.45	0.58	29.81

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	0.100	0.100	0.100
Reserves & Surplus	0.090	0.470	(0.194)
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	0.190	0.570	(0.094)

long-term borrowings	39.156	24.345	53.300
Short term borrowings	0.000	0.000	0.000
Current maturities of long-term debts	0.000	0.000	0.000
Total borrowings	39.156	24.345	53.300
Debt/Equity ratio	206.084	42.711	(567.021)

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)
Total Income	1.064	0.952	1.344
		(10.526)	41.176

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Total Income	1.064	0.952	1.344
Profit	0.005	0.380	(0.664)
	0.47%	39.92%	(49.40%)

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	No
8	Designation of contact person	No
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	No
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	No
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Loans and advance	53.300	24.345
Total	53.300	24.345

FIXED ASSETS

· Furniture and Fixture

· Computers

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.64.01
UK Pound	1	Rs.99.84
Euro	1	Rs.70.16

INFORMATION DETAILS

Information Gathered by :	SUP

Analysis Done by :	RAS

Report Prepared by :	KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	1
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	1
--PROFITABILITY	1~10	1
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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		12

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.

MIRA INFORM REPORT

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INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

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