MIRA INFORM REPORT

Report No. :	334556
Report Date :	03.08.2015

IDENTIFICATION DETAILS

Name :	RAJDEEP INFO TECHNO PRIVATE LIMITED
Formerly Known As :	GOLD STAR INFO TECHNO PRIVATE LIMITED
Registered Office :	Liberty Society, Phase II, Lane 5, North Main Road, Koregaon Park, Pune – 411001, Maharashtra
Tel. No.:	91-241-2424072
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	09.07.2003
Com. Reg. No.:	11-018109
Capital Investment / Paid-up Capital :	Rs.2.500 Million
CIN No.: [Company Identification No.]	U72200PN2003PTC018109
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	PNEG04626G
PAN No.: [Permanent Account No.]	AACCG0605J
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturing of Toll Automation Products and Systems along with its commissioning and extended maintenance support services.
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

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

Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Rajdeep Info Techno Private Limited was originally established as Goldstar Info Techno Private Limited (GITPL) in the year 1997, the Rajdeep group in the year 2003 acquired a stake in GITPL and the company was renamed to its present name – Rajdeep Info Techno Private Limited. It is well established company having satisfactory track record. The rating on company reflect the established track record of the promoters and business diversified client base in the infrastructure segment and financial risk profile marked by comfortable operating margins and gearing level. The rating also take comfort in its increase scale of operations and healthy order books of the company. Moreover the rating take strength by the credit enhancement in the form of an unconditional and irrevocable corporate guarantee provided by Rajdeep Buildcon Private Limited (RBPL) to the company. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct. The company can be considered good for business dealing 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 – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
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	CARE
Rating	Long term bank facilities = BBB
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	April, 2015

Rating Agency Name	CARE
Rating	Short term bank facilities = A3+
Rating Explanation	Moderate degree of safety and higher credit risk.
Date	April, 2015

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 DENIED

Management non co-operative (91-241-2424072)

LOCATIONS

Registered Office :	Liberty Society, Phase II, Lane 5, North Main Road, Koregaon Park, Pune – 411001, Maharashtra, India
Tel. No.:	91 – 20 – 26053840 / 241- 2424072
Fax No.:	91 – 20 - 26052700
E-Mail :	schandanshiv@rajdeepgroup.com
Website :	http://it.rajdeepgroup.com

DIRECTORS

As on 30.09.2014

Name :

Mr. Dilip Popatlal Dhadiwal

Designation :

Managing Director

Address :

Abhijeet, Ganesh Colony, Bhist Baug Road, Savedi, Ahmednagar - 414003, Maharashtra, India

Date of Birth/Age :

11.07.1967

Date of Appointment :

09.07.2003

DIN No.:

00330476

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	U45202PN1997PTC110101	RAJDEEP BUILDCON PRIVATE LIMITED	Managing director	14/08/1997	14/08/1997	-	Active	NO
2	U45203PN1999PTC013473	RAJDEEP ROAD DEVELOPERS PRIVATE LIMITED	Managing director	26/03/1999	26/03/1999	-	Active	NO
3	U45203PN2000PTC014997	RAJDEEP PUBLICITY PRIVATE LIMITED	Managing director	12/06/2000	12/06/2000	-	Active	NO
4	U72200PN2003PTC018109	RAJDEEP INFO TECHNO PRIVATE LIMITED	Managing director	09/07/2003	09/07/2003	-	Active	NO
5	U45202PN2003PTC018494	ROHAN AND RAJDEEP INFRASTRUCTURE PRIVATE LIMITED	Director	23/10/2003	23/10/2003	-	Active	NO
6	U45203PN2005PLC021034	ROHAN RAJDEEP TOLLWAYS LIMITED	Whole-time director	25/09/2012	18/07/2005	-	Active	NO
7	U45203PN2007PLC130755	ROHAN RAJDEEP TOLL ROADS LIMITED	Director	25/09/2007	25/09/2007	-	Active	NO
8	U45200PN2009PLC134989	ROHAN RAJDEEP RAJASTHAN INFRA PROJECTS LIMITED	Director	13/11/2009	13/11/2009	-	Active	NO
9	U45209PN2010PLC137418	Rohan Rajdeep Infra projects Limited	Director	28/09/2010	28/09/2010	-	Active	NO
10	U45200PN2012PLC144578	Rohan Rajdeep Highways Limited	Director	31/08/2012	31/08/2012	-	Active	NO
11	U40109PN2007PTC148363	LAKSH POWER PRIVATE LIMITED	Director	30/09/2013	20/12/2012	-	Active	NO
12	AAB-4110	RAJDEEP SKYWALKS LLP	Body corporate as Designated Partner	20/03/2013	20/03/2013	-	Active	NO
13	AAC-3544	ROHAN RAJDEEP KERALA INFRASTRUCTURE LLP	Designated Partner	09/06/2014	09/06/2014	-	Active	NO

Name :

Mr. Rajesh Mannalal Katariya

Designation :

Director

Address :

Pratham, Plot No.3, S. No. 25/2, Bhistbaug Pipeline Road, Ahmednagar - 414003, Maharashtra, India

Date of Birth/Age :

25.08.1970

Date of Appointment :

09.07.2003

DIN No.:

00330662

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	U45202PN1997PTC110101	RAJDEEP BUILDCON PRIVATE LIMITED	Whole-time director	14/08/1997	14/08/1997	-	Active	NO
2	U45203PN1999PTC013473	RAJDEEP ROAD DEVELOPERS PRIVATE LIMITED	Whole-time director	26/03/1999	26/03/1999	-	Active	NO
3	U45203PN2000PTC014997	RAJDEEP PUBLICITY PRIVATE LIMITED	Whole-time director	12/06/2000	12/06/2000	-	Active	NO
4	U72200PN2003PTC018109	RAJDEEP INFO TECHNO PRIVATE LIMITED	Director	09/07/2003	09/07/2003	-	Active	NO
5	U45202PN2003PTC018494	ROHAN AND RAJDEEP INFRASTRUCTURE PRIVATE LIMITED	Director	23/10/2003	23/10/2003	-	Active	NO
6	U45203PN2005PLC021034	ROHAN RAJDEEP TOLLWAYS LIMITED	Director	18/07/2005	18/07/2005	-	Active	NO
7	U45203PN2007PLC130755	ROHAN RAJDEEP TOLL ROADS LIMITED	Director	25/09/2007	25/09/2007	-	Active	NO
8	U45200PN2009PLC134989	ROHAN RAJDEEP RAJASTHAN INFRA PROJECTS LIMITED	Director	13/11/2009	13/11/2009	-	Active	NO
9	U45209PN2010PLC137418	Rohan Rajdeep Infra projects Limited	Director	28/09/2010	28/09/2010	-	Active	NO
10	U45200PN2012PLC144578	Rohan Rajdeep Highways Limited	Director	31/08/2012	31/08/2012	-	Active	NO
11	U40109PN2007PTC148363	LAKSH POWER PRIVATE LIMITED	Director	30/09/2013	20/12/2012	-	Active	NO
12	AAC-3544	ROHAN RAJDEEP KERALA INFRASTRUCTURE LLP	Designated Partner	09/06/2014	09/06/2014	-	Active	NO

Name :

Mr. Kishor Popatlal Dhadiwal

Designation :

Director

Address :

Tushar, Plot No.49, S. No. 9/1a, Opposite Rajdeep House, Savedi, Ahmednagar - 414003, Maharashtra, India

Date of Birth/Age :

05.08.1963

Date of Appointment :

09.07.2003

DIN No.:

00330868

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	U45202PN1997PTC110101	RAJDEEP BUILDCON PRIVATE LIMITED	Director	22/08/1998	22/08/1998	-	Active	NO
2	U45203PN1999PTC013473	RAJDEEP ROAD DEVELOPERS PRIVATE LIMITED	Director	26/03/1999	26/03/1999	-	Active	NO
3	U45203PN2000PTC014997	RAJDEEP PUBLICITY PRIVATE LIMITED	Director	12/06/2000	12/06/2000	-	Active	NO
4	U72200PN2003PTC018109	RAJDEEP INFO TECHNO PRIVATE LIMITED	Director	09/07/2003	09/07/2003	-	Active	NO
5	U45203PN2005PLC021034	ROHAN RAJDEEP TOLLWAYS LIMITED	Director	18/07/2005	18/07/2005	-	Active	NO
6	U45203PN2007PLC130755	ROHAN RAJDEEP TOLL ROADS LIMITED	Director	25/09/2007	25/09/2007	-	Active	NO
7	U45200PN2009PLC134989	ROHAN RAJDEEP RAJASTHAN INFRA PROJECTS LIMITED	Director	13/11/2009	13/11/2009	-	Active	NO
8	U45209PN2010PLC137418	Rohan Rajdeep Infra projects Limited	Director	28/09/2010	28/09/2010	28/05/2012	Active	NO
9	U40109PN2007PTC148363	LAKSH POWER PRIVATE LIMITED	Director	30/09/2013	20/12/2012	-	Active	NO
10	AAB-4110	RAJDEEP SKYWALKS LLP	Designated Partner	20/03/2013	20/03/2013	-	Active	NO
11	AAC-3544	ROHAN RAJDEEP KERALA INFRASTRUCTURE LLP	Body corporate as Designated Partner	09/06/2014	09/06/2014	-	Active	NO

Name :

Mr. Sachin Rajkishor Biyani

Designation :

Director

Address :

Flat No. 1 Lalita Mahal, Nilgiri Lane, Baner Road, Aundh., Pune - 411007, Maharashtra, India

Date of Birth/Age :

25.01.1967

Date of Appointment :

09.07.2003

DIN No.:

01053872

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	U72200PN2003PTC018109	RAJDEEP INFO TECHNO PRIVATE LIMITED	Director	09/07/2003	09/07/2003	-	Active	NO
2	U45200PN2007PTC130887	UNICA BUILDING SOLUTIONS PRIVATE LIMITED	Director	20/10/2007	20/10/2007	-	Active	NO
3	U45209PN2012PTC142274	SUROJ MODULAR HOUSING PRIVATE LIMITED	Director	15/02/2012	15/02/2012	-	Active	NO
4	U45200PN2013PTC147062	SUROJ BUILDCON PRIVATE LIMITED	Managing director	22/07/2014	23/04/2013	-	Active	NO

Name :

Mr. Yogesh Vijay Dhongade

Designation :

Director

Address :

Dongaon, Buldhana, Buldhana - 443303, Maharashtra, India

Date of Birth/Age :

20.09.1977

Date of Appointment :

09.07.2003

DIN No.:

01392734

Name :

Mr. Jaykumar Jagannath Kharade

Designation :

Director

Address :

Plot No – 46, Raj Bunglow, Vrindavan Society, Pashan Road, Pune - 411008, Maharashtra, India

Date of Birth/Age :

09.04.1971

Date of Appointment :

09.07.2003

DIN No.:

01827272

Name :

Mr. Sachin Shankarrao Ghule

Designation :

Director

Address :

20, Professor Colony, Chaitanyanagar, Akashwani Road, Ahmednagar - 414003, Maharashtra, India

Date of Birth/Age :

13.05.1971

Date of Appointment :

09.07.2003

DIN No.:

01827297

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	U72200PN2003PTC018109	RAJDEEP INFO TECHNO PRIVATE LIMITED	Director	09/07/2003	09/07/2003	-	Active	NO
2	U45204DL2011PTC214308	UNIVISION INFRASTRUCTURE PRIVATE LIMITED	Director	17/02/2011	17/02/2011	18/08/2011	Active	NO
3	AAE-0797	UNISOUL TECHNOLOGIES LLP	Designated Partner	04/06/2015	04/06/2015	-	Active	NO

MAJOR SHAREHOLDERS

As on 30.09.2014

Names of Shareholders	No. of Shares	%age holding
Sachin rajkishor Biyani	3125	12.50
Jay Jagnnath Kharade	3675	14.70
Sachin Ghule	2425	9.70
Yogesh Vijay Dhongade	3700	14.80
Suhas Ghule	2500	10.00
Rajddep Buildcon Private Limited	9575	38.30
Total	25000	100.00

As on 30.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	38.30
Directors or relatives of Directors	61.70
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturing of Toll Automation Products and Systems along with its commissioning and extended maintenance support services.
Products :	Toll Automation Products
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Not Divulged
Purchasing :	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
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

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

No. of Employees :

Information declined by the management.

Bankers :

Banker Name	Canara Bank
Branch Address	Prime Corporate Branch, First Floor, Red Cross, Building 11, M. G. Road, Pune – 411001, 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

• Ahmednagar Shahar Shakari Bank Maryadit, ‘Sarvarth” Navi Peth, Ahmednagar Through, Kothrud Branch, Pune – 411038, Maharashtra, India

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Term loans from banks
Vehicle loan from ICICI Bank Limited (Secured by hypothecation of vehicle, total term of the loan is 36 months, out of that 13 installments are remaining as on 31.03.2014, interest rate is 11%p.a.).	0.000	0.021
SHORT TERM BORROWING
Loans repayable on demand
Cash Credit account with Canara Bank Limited (Secured by hypothecation of stock and book debts, personal guarantee of directors, corporate guarantee of Rajdeep Buildcon Private Limited, collaterally secured by charge on personal properties of directors and unencumbered fixed assets of the company).	64.576	3.361
Total	64.576	3.382

Auditors :
Name :	G. S. Solanki and Company Chartered Accountants
Address :	Flat No. 11, Apurva Apartment, Nandanvan Colony, Ahmednagar – 414001, Maharashtra, India
PAN No.:	AEYPS6185E
Memberships :	Not Available
Collaborators :	Not Available
Associates Company :	Rajdeep Buildcon Private Limited Rohan Rajdeep Tollways Limited Rohan and Rajdeep Infrastructure
Other Related Party :	Rohan and Rajdeep Infrastructure Private Limited

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital:

No. of Shares	Type	Value	Amount
25000	Equity Shares	Rs.100/- each	Rs.2.500 Million

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
25000	Equity Shares	Rs.100/- each	Rs.2.500 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	2.500	2.500	2.500
(b) Reserves & Surplus	63.960	38.409	20.824
(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)	66.460	40.909	23.324
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.021	0.279
(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)	0.000	0.021	0.279
(4) Current Liabilities
(a) Short term borrowings	64.576	3.361	9.287
(b) Trade payables	39.622	42.610	20.608
(c) Other current liabilities	17.314	63.298	21.274
(d) Short-term provisions	32.943	19.434	10.034
Total Current Liabilities (4)	154.455	128.703	61.203
TOTAL	220.915	169.633	84.806
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	11.424	9.552	7.763
(ii) Intangible Assets	3.080	5.096	3.412
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.804
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.075	0.030	0.071
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	14.579	14.678	12.050
(2) Current assets
(a) Current investments	0.000	0.000	0.376
(b) Inventories	51.750	46.123	27.404
(c) Trade receivables	85.938	78.426	32.748
(d) Cash and cash equivalents	55.762	21.151	2.353
(e) Short-term loans and advances	4.980	4.637	1.840
(f) Other current assets	7.906	4.618	8.034
Total Current Assets	206.336	154.955	72.755
TOTAL	220.915	169.633	84.805

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income
	Other Income
	TOTAL	361.548	271.301	178.731
Less	TOTAL EXPENSES	318.462	239.921	157.968
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	43.086	31.380	20.763
Less/ Add	DEPRECIATION/ AMORTISATION	3.703	3.595	2.757
	PROFIT/ (LOSS) BEFORE TAX	39.383	27.785	18.006
Less	TAX	13.833	10.201	6.073
	PROFIT/ (LOSS) AFTER TAX	25.550	17.584	11.933
	IMPORTS
	Raw Materials	44.105	17.083	23.059
	TOTAL IMPORTS	44.105	17.083	23.059
	Earnings / (Loss) Per Share (Rs.)	1022.00	703.36	477.32

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	0.021	0.258	0.231
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
Return on Total Assets (PBT/Total Assets}	(%)	17.83	16.38	21.45
Return on Investment (ROI) (PBT/Networth)		0.59	0.68	0.77
Debt Equity Ratio (Total Debt/Networth)		0.97	0.09	0.42
Current Ratio (Current Asset/Current Liability)		1.34	1.20	1.19

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	2.500	2.500	2.500
Reserves & Surplus	20.824	38.409	63.960
Net worth	23.324	40.909	66.460
long-term borrowings	0.279	0.021	0.000
Short term borrowings	9.287	3.361	64.576
Current Maturities of Long Term Debt	0.231	0.258	0.021
Total borrowings	9.797	3.640	64.597
Debt/Equity ratio	0.420	0.089	0.972

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	178.731	271.301	361.548
		51.793	33.265

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	178.731	271.301	361.548
Profit	11.933	17.584	25.550
	6.68%	6.48%	7.07%

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	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
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	Yes
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

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10309985	28/01/2014 *	133,000,000.00	CANARA BANK	PRIME CORPORATE BRANCH,FIRST FLOOR,RED CROSS, BUILDING,11, M.G.ROAD, PUNE - 411001, MAHARASHTRA, INDIA	B97164909

* Date of charge modification

FIXED ASSETS

• Furniture and Fixtures
• Vehicles
• Office Equipment
• Computer
• Electrification
• Other Machinery

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.64.00
UK Pound	1	Rs.99.83
Euro	1	Rs.70.16

INFORMATION DETAILS

Information Gathered by :	GAY
Analysis Done by :	KYP
Report Prepared by :	PNM

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--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		46

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.