MIRA INFORM REPORT

Report No. :	336583
Report Date :	13.08.2015

IDENTIFICATION DETAILS

Name :	VYSHNAVI FILLERS PRIVATE LIMITED (w.e.f. 04.05.2012)
Formerly Known As :	RAMINENI PACK AND STORAGE PRIVATE LIMITED
Registered Office :	D. No:8-2-120/86/9/A/31, Plot No.31, Rao and Raju Colony, Road No.2, Banjara Hills, Hyderabad – 500 034, Telangana
Tel. No.:	91-40-23731314
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	21.07.2010
Com. Reg. No.:	36-069580
Capital Investment / Paid-up Capital :	Rs.7.145 million
CIN No.: [Company Identification No.]	U21098TG2010PTC069580
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 :	Manufacturer of Tin Containers, Empty Tins, Small Cans and Barrels which are used for packing of edible oils.
No. of Employees :	Information declined by the Management.

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

Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. For the financial year 2014, the company possesses small scale of business activities. It has minimal sales turnover along with low profit earnings. Further, the company has moderate financial risk profile and small networth position along with huge borrowings taken by the company. Trade relations are fair. Business is active. Payment terms are slow. In view of aforesaid, the company can be considered for business dealings 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 – 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	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 BY

Name :	Mr. Rangaswamy
Designation :	Accounts Officer
Contact No.:	91-40-23731319
Date :	13.08.2015

LOCATIONS

Registered Office :	D. No:8-2-120/86/9/A/31, Plot No.31, Rao and Raju Colony, Road No.2, Banjara Hills, Hyderabad – 500 034, Telangana, India
Tel. No.:	91-40-23731314/ 23731319
Fax No.:	91-40-23731319
E-Mail :	info@vyshnavigroup.com fillers@vyshnavigroup.com raminenipackstorage@gmail.com
Website :	http://www.vyshnavigroup.com
Corporate Office :	8-3-319/5, 3^rd Floor, Bharathi Nilayam, Sai Saradhi Nagar, Yellareddyguda Hyderabad – 500 073, Telangana, India
Manufacturing Unit 1 :	Hyderabad Unit Plot No.70, SEI, Katedan, Hyderabad – 500 077, Telangana, India
Manufacturing Unit 2 :	Kakinada Unit-I Behind MGK Ware Housing Complex, Beach Road, Kakinada – 533 001, Andhra Pradesh, India
Manufacturing Unit 3 :	Kakinada Unit-II 40-1-102/24, Military Road, Near Dairy Farm Circle, Kakinada – 533 003, Andhra Pradesh, India
Manufacturing Unit 4 :	West Bengal Unit Nag Godown, NH 41, Dighasipur, Purba Medinipur, Haldia – 721 666, West Bengal, India
Manufacturing Unit 5 :	Mangalore Unit Plot No.27 (Part), Industrial Area, Baikampady, Mangalore – 575 011, Karnataka, India
Manufacturing Unit 6 :	Dhule Unit C-12, M.I.D.C., Awadhan, Dhule – 424 301, Maharashtra, India
Manufacturing Unit 7 :	Dharwad Unit Plot No.11A, Road No.4, KIADB Industrial Area, Belur, Dharwad – 580 011, Karnataka, India
Manufacturing Unit 8 :	Chittoor Unit Shed No.6 and 7, Patnam Village, Aragonda Road, Thavanampalli Mandal Chittoor District – 517 131, Andhra Pradesh, India

DIRECTORS

AS ON 04.08.2014

Name :

Mr. Sarath Chandra Babu Ramineni

Designation :

Managing Director

Address :

8-2-120/86/9/A/31, Plot No.31, Rao and Raju colony, Road No.2, Banjara Hills, Hyderabad – 500 034, Telangana, India

Date of Birth/Age :

01.07.1955

Date of Appointment :

01.04.2013

DIN No.:

03087057

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	U21098TG2010PTC069580	VYSHNAVI FILLERS PRIVATE LIMITED	Managing director	01/04/2013	21/07/2010	-	Active	NO
2	U40200TG2010PTC069624	VYSHNAVI GREEN POWER PRIVATE LIMITED	Director	22/07/2010	22/07/2010	-	Active	NO
3	U45209TG2010PTC069700	VYSHNAVI INFRABUILD (INDIA) PRIVATE LIMITED	Director	28/07/2010	28/07/2010	-	Active	NO
4	U51909TG2011PTC076394	VYSHNAVI GLOBAL TRADEX PRIVATE LIMITED	Director	08/09/2011	08/09/2011	-	Active	NO
5	U72200TG2013PTC089104	VYSHNAVI INFORMATION SYSTEMS PRIVATE LIMITED	Director	23/07/2013	23/07/2013	-	Active	NO
6	U41000TG2013PTC089296	TEJA CHLORO INDUSTRIES PRIVATE LIMITED	Managing director	01/08/2013	01/08/2013	-	Active	NO
7	U10300TG2014PTC092947	VYSHNAVI MINES AND MINERALS INDIA PRIVATE LIMITED	Director	13/02/2014	13/02/2014	-	Active	NO
8	U52100TG2014PTC092948	VYSHNAVI TRADING INDIA PRIVATE LIMITED	Director	13/02/2014	13/02/2014	-	Active	NO
9	U15122TG2012PTC084896	PLATINUM REFINERIES PRIVATE LIMITED	Additional director	01/07/2015	01/07/2015	-	Active	NO

Name :

Mrs. Shanthi Lakshmi Ramineni

Designation :

Whole-time Director

Address :

8-2-120/86/9/A/31, Plot No.31, Rao and Raju colony, Road No.2, Banjara Hills, Hyderabad – 500 034, Telangana, India

Date of Birth/Age :

13.07.1965

Date of Appointment :

01.04.2013

DIN No.:

03123478

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	U21098TG2010PTC069580	VYSHNAVI FILLERS PRIVATE LIMITED	Whole-time director	01/04/2013	21/07/2010	-	Active	NO
2	U40200TG2010PTC069624	VYSHNAVI GREEN POWER PRIVATE LIMITED	Director	22/07/2010	22/07/2010	-	Active	NO
3	U45209TG2010PTC069700	VYSHNAVI INFRABUILD (INDIA) PRIVATE LIMITED	Director	28/07/2010	28/07/2010	-	Active	NO
4	U51909TG2011PTC076394	VYSHNAVI GLOBAL TRADEX PRIVATE LIMITED	Director	08/09/2011	08/09/2011	-	Active	NO
5	U41000TG2013PTC089296	TEJA CHLORO INDUSTRIES PRIVATE LIMITED	Director	01/08/2013	01/08/2013	-	Active	NO
6	U10300TG2014PTC092947	VYSHNAVI MINES AND MINERALS INDIA PRIVATE LIMITED	Director	13/02/2014	13/02/2014	-	Active	NO
7	U52100TG2014PTC092948	VYSHNAVI TRADING INDIA PRIVATE LIMITED	Director	13/02/2014	13/02/2014	-	Active	NO

Name :

Ms. Ramineni Madhavi Latha

Designation :

Whole-time Director

Address :

Flat No.601, Plot No.65/V2, Dwarakamai Mansion, Bhagya Nagar Colony, Kukatpally, Hyderabad – 500 072, Telangana, India

Date of Birth/Age :

05.06.1980

Date of Appointment :

08.06.2013

DIN No.:

01624778

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	U74999TG2007PTC055369	PROGRESSIVE BIOTECH PRIVATE LIMITED	Director	03/09/2007	03/09/2007	-	Active	YES
2	U72200TG2008PTC058136	SAHA SOFTWARE SOLUTIONS PRIVATE LIMITED	Director	13/03/2008	13/03/2008	23/06/2012	Active	NO
3	U21098TG2010PTC069580	VYSHNAVI FILLERS PRIVATE LIMITED	Whole-time director	08/06/2013	08/06/2013	-	Active	NO
4	U51909TG2011PTC076394	VYSHNAVI GLOBAL TRADEX PRIVATE LIMITED	Additional director	10/06/2013	10/06/2013	-	Active	NO

Name :

Ms. Ramineni Swetha

Designation :

Whole-time Director

Address :

8-2-120/86/9/A/31, Plot No.31, Rao and Raju colony, Road No.2, Banjara Hills, Hyderabad – 500 034, Telangana, India

Date of Birth/Age :

01.08.1981

Date of Appointment :

08.06.2013

DIN No.:

06594291

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	U21098TG2010PTC069580	VYSHNAVI FILLERS PRIVATE LIMITED	Whole-time director	08/06/2013	08/06/2013	-	Active	NO
2	U51909TG2011PTC076394	VYSHNAVI GLOBAL TRADEX PRIVATE LIMITED	Additional director	10/06/2013	10/06/2013	-	Active	NO
3	U72200TG2013PTC089104	VYSHNAVI INFORMATION SYSTEMS PRIVATE LIMITED	Director	23/07/2013	23/07/2013	-	Active	NO

Name :

Devarapalli Sasikanth

Designation :

Additional Director

Address :

12-4-9/4, 12 Ward, Dorathota, Allurpet – 524 315, Andhra Pradesh, India

Date of Appointment :

03.06.2015

DIN No.:

01662323

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	U74999TG2007PTC055369	PROGRESSIVE BIOTECH PRIVATE LIMITED	Director	03/09/2007	03/09/2007	-	Active	YES
2	U21098TG2010PTC069580	VYSHNAVI FILLERS PRIVATE LIMITED	Additional director	03/06/2015	03/06/2015	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Rangaswamy
Designation :	Accounts Officer

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 04.08.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Sarath Chandra Babu Ramineni	351000	49.13
Shanthi Lakshmi Ramineni	363500	50.87
Total	714500	100.00

AS ON 04.08.2014

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Tin Containers, Empty Tins, Small Cans and Barrels which are used for packing of edible oils.
Products :	Empty Tins (15 Kg capacity) Small Cans Barrels
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

Maximum Limit Dealt :

Not Divulged

Experience :

Payment Behaviour	Market Goodwill	Overall
Not Divulged	Not Divulged	Not Divulged

Remark:

Not Divulged

Customers :

Reference :

Adani Wilmar Limited

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Product Quality	Delivery Behaviour	Overall
Not Divulged	Not Divulged	Not Divulged

Remark:

Not Divulged

· Ruchi Infrastructure Limited

· Lohia Edible Oils Private Limited

· Priyanka Refineries Private Limited

· Gemini Edible and Fats India Private Limited

No. of Employees :

Information declined by the Management.

Bankers :

Banker Name	HDFC Bank Limited
Branch Address	HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, 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

Bank of Baroda

Facilities :

Secured Loans	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
LONG-TERM BORROWINGS
Hire Purchase Loans	3.138	0.820
SHORT-TERM BORROWINGS
Cash Credit Accounts	8.765	8.339
Total	11.903	9.159

Notes:

LONG-TERM BORROWINGS

a. Hire Purchase Loan from BOB are secured by respective vehicle financed and personal guarantee of two directors. The said loan is payable on monthly basis.

b. Hire Purchase Loan from India Infoline, HDFC and Kotak Mahindra are secured against respective vehicle financed and personal guarantee of two directors. The said loan is payable on monthly basis.

SHORT-TERM BORROWINGS

a. Rupee Cash Credit from Bank of Baroda carries Interest @ Base rate plus 3% i.e. 13.25% p.a. The Loans is renewable every year. The Loan is secured against Hypothecation of stocks and book debts.

b. It is further secured by personal guarantee of two directors and mortgage of personal property of R. Sarath Chandra Babu, Director of the company and Director Mrs. R. Madhavi Latha.

Auditors :
Name :	G. Sambasiva Rao and Company Chartered Accountants
Address :	H No.8-3-682/B, Navodaya Colony, Srinagar Colony Post, Hyderabad – 500 073, Telangana, India
Tel. No.:	91-40-23742422/ 23745580
Fax No.:	91-40-23742422/ 23745580
E-Mail :	gsrao_co@rediffmail.com
Income-tax PAN of auditor or auditor's firm :	AADFG6779P
Memberships :	Not Available
Collaborators :	Not Available
Group Companies (As per indirect sources) :	Vyshnavi Global Tradex (India ) Private Limited Vyshnavi Green Power Private Limited Vyshnavi Information System Private Limited Vyshnavi Mining and Minerals Private Limited Vyshnavi Trading India Private Limited Vyshnavi Infra Build Private Limited Teja Chloro Industries Private Limited
Sister Concerns :	Victory Containers Sri Gayathri Metal Agencies

CAPITAL STRUCTURE

AFTER 04.08.2014

Authorised Capital : Rs.30.000 million

Issued, Subscribed & Paid-up Capital : Rs.7.145 million

AS ON 04.08.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs.10.000 million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
714500	Equity Shares	Rs.10/- each	Rs.7.145 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	7.145	6.200	0.100
(b) Reserves & Surplus	1.738	1.207	0.126
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.945	0.410
Total Shareholders’ Funds (1) + (2)	8.883	8.352	0.636
(3) Non-Current Liabilities
(a) Long-term borrowings	3.138	0.820	0.000
(b) Deferred tax liabilities (Net)	0.714	0.225	0.016
(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)	3.852	1.045	0.016
(4) Current Liabilities
(a) Short term borrowings	33.735	8.339	0.149
(b) Trade payables	17.409	18.731	2.622
(c) Other current liabilities	5.265	3.828	0.199
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	56.409	30.898	2.970
TOTAL	69.144	40.295	3.622
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	14.677	5.733	0.989
(ii) Intangible Assets	0.049	0.041	0.000
(iii) Capital work-in-progress	0.000	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	0.000	0.000
(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	14.726	5.774	0.989
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	14.846	23.978	0.000
(c) Trade receivables	7.737	3.245	0.859
(d) Cash and cash equivalents	6.204	3.726	0.203
(e) Short-term loans and advances	24.766	3.510	1.533
(f) Other current assets	0.865	0.062	0.038
Total Current Assets	54.418	34.521	2.633
TOTAL	69.144	40.295	3.622

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Revenue from Operations	220.368	58.045	2.988
		Other Income	0.295	0.046	0.000
		TOTAL	220.663	58.091	2.988
Less	EXPENSES
		TOTAL	219.192	56.456	2.806
	PROFIT/ (LOSS) BEFORE TAX		1.471	1.635	0.182
Less	TAX		0.939	0.554	0.056
	PROFIT/ (LOSS) AFTER TAX		0.532	1.081	0.126
	Earnings/ (Loss) Per Share (Rs.)		0.74	1.74	12.60

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current maturities of long-term debt	NA	NA	NA
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)	(%)	0.24	1.86	4.22
Return on Total Assets (PBT/Total Assets}	(%)	2.13	4.06	5.02
Return on Investment (ROI) (PBT/Networth)		0.17	0.20	0.29
Debt Equity Ratio (Total Debt /Networth)		4.15	1.10	0.23
Current Ratio (Current Asset/Current Liability)		0.96	1.12	0.89

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particulars	31.03.2012	31.03.2013	31.03.2014
	Rs. In Million	Rs. In Million	Rs. In Million
Share Capital	0.100	6.200	7.145
Reserves & Surplus	0.126	1.207	1.738
Share Application money pending allotment	0.410	0.945	0.000
Net worth	0.636	8.352	8.883
Long-term borrowings	0.000	0.820	3.138
Short term borrowings	0.149	8.339	33.735
Total borrowings	0.149	9.159	36.873
Debt/Equity ratio	0.234	1.097	4.151

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
Revenue from operations	2.988	58.045	220.368
		1842.604	279.650

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	Rs. In Million	Rs. In Million	Rs. In Million
Revenue from operations	2.988	58.045	220.368
Profit	0.126	1.081	0.532
	4.22%	1.86%	0.24%

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	Yes
8	Designation of contact person	Yes
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	Yes
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	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

UNSECURED LOAN

Particulars	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
SHORT-TERM BORROWINGS
Other Advances	24.970	0.000
Total	24.970	0.000

INDEX OF CHARGES:

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10537698	07/04/2014	700,000.00	HDFC BANK LIMITED	HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA	C26608018
2	10387698	26/10/2012	25,000,000.00	BANK OF BARODA	PLOT NO.217, ROAD NO.17, JUBILEE HILLS BRANCH, JUBILEE HILLS, HYDERABAD, ANDHRA PRADESH - 500033, INDIA	B62446042

CONTINGENT LIABILITIES:

PARTICULARS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
a. Debts of Claims against the company which are disputed	Nil	Nil
b. Bank Guarantee against supply of material	2.500	2.500
c. Letter of Credit	12.500	12.500

FIXED ASSETS:

Tangible Assets

· Plant and Machinery

· Vehicles

· Office Equipment

· Computers

Intangible Assets

· Software

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.64.83
UK Pound	1	Rs.101.00
Euro	1	Rs.71.82

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	TRI
Report Prepared by :	SMN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
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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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.