MIRA INFORM REPORT

Report No. :	337878
Report Date :	21.08.2015

IDENTIFICATION DETAILS

Name :	HARISH ENTERPRISE PRIVATE LIMITED
Formerly Known As :	HARISH ENTERPRISE LIMITED HARISH TEXTILE ENGINEERS LIMITED
Registered Office :	19, Parsi Panchayat Road, Andheri (East), Mumbai – 400069, Maharashtra
Tel. No.:	91-22-40373000/28367151
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	15.10.1970
Com. Reg. No.:	11-014840
Capital Investment / Paid-up Capital :	Rs. 2.010 Million
CIN No.: [Company Identification No.]	U99999MH1970PTC014840
IEC No.:	0388064927
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACH7283H
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer, Exporter and Importer of Textile Manufacturing Machines.
No. of Employees :	85 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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 :	Subject is an old and established company incorporated during the year 1970 having a satisfactory track record. The company has shown growth in its turnover and has also achieved a fair profitability. General financial position of the company is normal and acceptable for business dealings. Trade relations are reported as fair. Business is active. Payment terms are reported to be usually correct. In view of long track record and acceptable financial base, the company can be considered normal for business dealings 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	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 PARTED BY

Name :	Mr. Dhaval Rambhiya
Designation :	Key Executive
Contact No.:	91-22-28367151
Date :	20.08.2015

LOCATIONS

Registered Office :	19, Parsi Panchayat Road, Andheri (East), Mumbai – 400069, Maharashtra, India
Tel. No.:	91-22-2836715/28367151
Mobile No.:	91-9322147407 (Mr. Pinkesh)
Fax No.:	91-22-40373000
E-Mail :	info@harishenterprise.com
Website :	http://www.harishenterprise.co.in
Factory :	Survey 106, Raikhwadi Sanjan Road, Umargaon, Taluka Vapi, District Valsad – 396170, Gujarat, India

DIRECTORS

AS ON 30.09.2014

Name :

Kirti Shantilal Gandhi

Designation :

Managing Director

Address :

6, Krishna, 11th N. S. Road, J.V.P.D. Scheme, Vile Parle (W), Mumbai, 400049, Maharashtra, India

Date of Birth/Age :

16.10.1938

Date of Appointment :

22.09.1975

DIN No.:

00485798

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	U99999MH1970PTC014840	HARISH ENTERPRISE PRIVATE LIMITED	Managing director	22/09/1975	22/09/1975	-	Active	NO
2	U67120MH1979PTC021908	PUMB INVESTMENTS AND TRADING COMPANY PRIVATE LIMITED	Director	07/03/1981	07/03/1981	-	Active	NO
3	U65923MH1981PTC024020	SANGESH INVESTMENTS AND TRADING COMPANY PRIVATE LIMITED	Director	07/03/1981	07/03/1981	-	Active	NO
4	U65990MH1981PTC024021	SANISH INVESTMENTS AND TRADING COMPANY PRIVATE LIMITED	Director	07/03/1981	07/03/1981	-	Active	NO
5	U55110GJ1985PLC008077	GUJARAT JHM HOTELS LIMITED	Alternate director	18/10/1985	18/10/1985	-	Active	NO
6	U51900MH1999PLC121784	PACIFIC-HARISH INDUSTRIES LIMITED	Director	16/09/1999	16/09/1999	-	Active	NO
7	U51500MH1993PTC071987	TECHNOFIELD MARKETING PRIVATE LIMITED	Additional director	31/07/2009	31/07/2009	-	Active	NO
8	U29119MH2010PTC201521	Harish Textile Engineers Private Limited	Director	31/03/2010	31/03/2010	-	Active	NO
9	U29100GJ2011PTC064479	HEATRANS MANUFACTURING COMPANY PRIVATE LIMITED	Director	17/03/2011	17/03/2011	-	Active	NO
10	U74999MH2014PTC256586	NATURE CURE CENTRE PRIVATE LIMITED	Director	25/07/2014	25/07/2014	-	Active	NO
11	U55101MH2014PTC260492	PACIFIC RECREATION AND HOSPITALITY PRIVATE LIMITED	Director	30/12/2014	30/12/2014	-	Active	NO
12	U74999MH2015PTC265069	SWACHHDHARA MULTI SERVICES PRIVATE LIMITED	Director	30/05/2015	30/05/2015	-	Active	NO

Name :

Nikhil Himatlal Gandhi

Designation :

Managing Director

Address :

101, Panorama, Green Street, Santacruz (W), Mumbai, 400054, Maharashtra, India

Date of Birth/Age :

20.06.1967

Date of Appointment :

05.10.1992

DIN No.:

00486263

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	U99999MH1970PTC014840	HARISH ENTERPRISE PRIVATE LIMITED	Managing director	05/10/1992	05/10/1992	-	Active	NO
2	U67120MH1979PTC021908	PUMB INVESTMENTS AND TRADING COMPANY PRIVATE LIMITED	Director	29/01/1993	29/01/1993	-	Active	NO
3	U65923MH1981PTC024020	SANGESH INVESTMENTS AND TRADING COMPANY PRIVATE LIMITED	Director	29/01/1993	29/01/1993	-	Active	NO
4	U67120MH1983PTC030385	PACIFIC NICKEL-SEREENS PRIVATE LIMITED	Director	29/01/1993	29/01/1993	-	Active	NO
5	U51500MH1993PTC071987	TECHNOFIELD MARKETING PRIVATE LIMITED	Director	01/06/1999	01/06/1999	09/12/2010	Active	NO
6	U51900MH1999PLC121784	PACIFIC-HARISH INDUSTRIES LIMITED	Director	16/09/1999	16/09/1999	-	Active	NO
7	U74210MH2004PTC144619	MERIDIAN ARCHITECTURAL SYSTEMS PRIVATE LIMITED	Director	01/04/2005	01/04/2005	-	Active	NO
8	U34200MH2006PTC158963	TORQUE MOTORCYCLES PRIVATE LIMITED	Director	17/01/2006	17/01/2006	-	Strike off	NO
9	U74990MH2008PTC189057	OCEANICC PRINT SCREEN PRIVATE LIMITED	Director	19/12/2008	19/12/2008	-	Active	YES
10	U29253MH2012PTC231091	NOVATECH MACHINE MANUFACTURERS PRIVATE LIMITED	Director	15/05/2012	15/05/2012	-	Active	NO

Name :

Sandeep Kirtikumar Gandhi

Designation :

Director

Address :

6, Krishna,11th Road, Jvpd Scheme, Vile Parle (West), Mumbai, 400056, Maharashtra, India

Date of Birth/Age :

02.06.1964

Date of Appointment :

01.09.1999

DIN No.:

00941665

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	U51500MH1993PTC071987	TECHNOFIELD MARKETING PRIVATE LIMITED	Director	02/04/1997	02/04/1997	-	Active	NO
2	U65990MH1981PTC024021	SANISH INVESTMENTS AND TRADING COMPANY PRIVATE LIMITED	Director	06/07/1999	06/07/1999	-	Active	NO
3	U99999MH1970PTC014840	HARISH ENTERPRISE PRIVATE LIMITED	Director	01/09/1999	01/09/1999	-	Active	NO
4	U51900MH1999PLC121784	PACIFIC-HARISH INDUSTRIES LIMITED	Whole-time director	16/09/1999	16/09/1999	-	Active	NO
5	U65923MH1981PTC024020	SANGESH INVESTMENTS AND TRADING COMPANY PRIVATE LIMITED	Director	21/01/2000	21/01/2000	-	Active	NO
6	U67120MH1979PTC021908	PUMB INVESTMENTS AND TRADING COMPANY PRIVATE LIMITED	Director	27/01/2000	27/01/2000	-	Active	NO
7	U74210MH2004PTC144619	MERIDIAN ARCHITECTURAL SYSTEMS PRIVATE LIMITED	Director	01/04/2005	01/04/2005	24/03/2008	Active	NO
8	U29119MH2010PTC201521	Harish Textile Engineers Private Limited	Director	31/03/2010	31/03/2010	-	Active	NO
9	U29100GJ2011PTC064479	HEATRANS MANUFACTURING COMPANY PRIVATE LIMITED	Director	17/03/2011	17/03/2011	-	Active	NO
10	U99999MH1979PTC021283	PACIFIC NON WOVENS PRIVATE LIMITED	Additional director	02/04/2012	02/04/2012	-	Active	NO
11	U74999MH2014PTC256586	NATURE CURE CENTRE PRIVATE LIMITED	Director	25/07/2014	25/07/2014	-	Active	NO
12	U55101MH2014PTC260492	PACIFIC RECREATION AND HOSPITALITY PRIVATE LIMITED	Director	30/12/2014	30/12/2014	-	Active	NO
13	U74999MH2015PTC265069	SWACHHDHARA MULTI SERVICES PRIVATE LIMITED	Director	30/05/2015	30/05/2015	-	Active	NO

Name :

Pradeepkumar Shivswaroop Pandey

Designation :

Whole-Time Director

Address :

888, Menezes Villa, Behind Nirankari Hall, Valiv Village, Vasai (E), Thane, 401208, Maharashtra, India

Date of Birth/Age :

29.06.1949

Date of Appointment :

14.10.2004

DIN No.:

00485989

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	U99999MH1970PTC014840	HARISH ENTERPRISE PRIVATE LIMITED	Whole-time director	14/10/2004	14/10/2004	-	Active	NO
2	U74990MH2008PTC189057	OCEANICC PRINT SCREEN PRIVATE LIMITED	Director	19/12/2008	19/12/2008	-	Active	YES

Name :

Hitendra Chimanlal Desai

Designation :

Director

Address :

Ratan Terrace,2nd Floor, T.H.Kataria Marg, Matunga., Mumbai, 400016, Maharashtra, India

Date of Birth/Age :

04.07.1962

Date of Appointment :

21.03.2011

DIN No.:

00452481

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	U99999MH1979PTC021283	PACIFIC NON WOVENS PRIVATE LIMITED	Director	28/02/2006	28/02/2006	02/04/2012	Active	NO
2	U99999MH1970PTC014840	HARISH ENTERPRISE PRIVATE LIMITED	Director	30/09/2011	21/03/2011	-	Active	NO
3	U51900MH1999PLC121784	PACIFIC-HARISH INDUSTRIES LIMITED	Additional director	24/12/2012	24/12/2012	-	Active	NO
4	U29119MH2010PTC201521	Harish Textile Engineers Private Limited	Additional director	12/02/2013	12/02/2013	-	Active	NO
5	U51101MH2013PTC241041	CJ COMMODITIES PRIVATE LIMITED	Additional director	28/08/2013	28/08/2013	-	Active	NO

Name :

Pinkesh Hasmukhlal Upadhyay

Designation :

Director

Address :

B-501, Kanakia Niharika, Off Glady Alwaris Road, Near Hiranandani Medows, Thane (West), Thane , 400607, Maharashtra, India

Date of Birth/Age :

02.11.1972

Date of Appointment :

21.03.2011

DIN No.:

03407477

Name :

Sunil Narayan Bhirud

Designation :

Additional Director

Address :

B/307, Vishwambhar Darshan, Subash Road, Vishnu Nagar, Dombivli (West) Dist Thane, Dombivli, 421202, Maharashtra, India

Date of Birth/Age :

31.08.1963

Date of Appointment :

16.05.2014

DIN No.:

03469816

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	U29119MH2010PTC201521	Harish Textile Engineers Private Limited	Additional director	12/02/2013	12/02/2013	-	Active	NO
2	U99999MH1970PTC014840	HARISH ENTERPRISE PRIVATE LIMITED	Additional director	16/05/2014	16/05/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Dhaval Rambhiya
Designation :	Key Executive

MAJOR SHAREHOLDERS

AS ON 30.09.2014

Names of Shareholders	No. of Shares
Kirti Kumar Shantilal Gandhi	8470
Nikhil Himmatlal Gandhi	20080
Sandeep Kirtikumar Gandhi	500
Kiran Babubhai Ved	17770
Pradeepkumar Shivswaroop Pandey	9630
Niranjana Kirtikumar Gandhi	8250
Kirtikumar S. Gandhi (HUF)	7720
Nikhil Himatlal Gandhi	9700
Kirtikumar Shantilal Gandhi	12330
Himmatlal S. Gandhi (HUF)	8450
Harendrabhai Shantilal Gandhi	6900
Bhavesh Harendrabhai Gandhi	8000
Samir Harendrabhai Gandhi	8000
Sangesh Investments and Trading Company Private Limited	22240
Sanish Investments and Trading Company Private Limited	19880
Pacific Harish Ind. Limited	4700
Pacific Nickel Screen Private Limited	19370
Nikhil Himatlal Gandhi	9010
Total	201000

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Bodies corporate	32.93
Directors or relatives of Directors	67.07
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer, Exporter and Importer of Textile Manufacturing Machines.
Products :	Not Divulged
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :
Products :	Finished Goods
Countries :	Indonesia Bangladesh Brazil
Imports :
Products :	Raw Material
Countries :	China Germany
Terms :
Selling :	L/C and Credit (30/60/90 days)
Purchasing :	Credit (90 days)

GENERAL INFORMATION

Suppliers :

Not Divulged

Reference :	Vashi Electricals Limited
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 :

• Ruby Mills Limited
• Arvind Mills Limited

No. of Employees :

85 (Approximately)

Bankers :

• HDFC Bank, Vishal Shopping Centre, Andheri, Mumbai, Maharashtra, India
• Bank of India, SSI, Andheri (East), Mumbai – 400069, Maharashtra, India

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Working Capital Credit Facility from Bank	4.328	7.037
Total	4.328	7.037

Auditors :
Name :	M. D. Desai and Company Chartered Accountants
Address :	6/12, Trivedi Niwas, Old Nagardas Road, Andheri (East), Mumbai – 400069, Maharashtra, India
PAN No.:	AADPD2568B
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	Harish Textile Engineers Private Limited

CAPITAL STRUCTURE

AS ON 30.09.2014

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
201000	Equity Shares	Rs.10/- each	Rs. 2.010 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	2.010	2.010	2.010
(b) Reserves & Surplus	49.292	45.710	57.725
(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)	51.302	47.720	59.735
(3) Non-Current Liabilities
(a) long-term borrowings	4.328	7.037	16.028
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	49.404	44.454	46.821
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	53.732	51.491	62.849
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	98.323	94.847	102.751
(c) Other current liabilities	2.426	4.248	3.136
(d) Short-term provisions	6.765	5.050	4.962
Total Current Liabilities (4)	107.514	104.145	110.849
TOTAL	212.548	203.356	233.433
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	55.600	63.066	72.256
(ii) Intangible Assets	0.000	0.000	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	1.778	1.778	1.778
(c) Deferred tax assets (net)	6.269	7.344	2.145
(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	63.647	72.188	76.179
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	25.203	26.146	29.660
(c) Trade receivables	59.529	41.116	60.014
(d) Cash and cash equivalents	4.435	3.322	5.733
(e) Short-term loans and advances	0.000	0.000	0.000
(f) Other current assets	59.734	60.584	61.847
Total Current Assets	148.901	131.168	157.254
TOTAL	212.548	203.356	233.433

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income
	Other Income
	TOTAL	295.877	259.337	377.804
Less	EXPENSES
	TOTAL	280.443	265.556	403.074
	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	15.434	(6.219)	(25.270)
Less	FINANCIAL EXPENSES	1.650	1.860	5.567
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION	13.784	(8.079)	(30.837)
Less/ Add	DEPRECIATION/ AMORTISATION	9.127	9.135	8.957
	PROFIT BEFORE TAX	4.657	(17.214)	(39.794)
Less	TAX	1.075	(5.199)	(12.091)
	PROFIT AFTER TAX	3.582	(12.015)	(27.703)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	(32.860)	(20.845)	(20.845)
	BALANCE CARRIED TO THE B/S	(29.278)	(32.860)	(20.845)
	EARNINGS IN FOREIGN CURRENCY
	Export Earnings	59.502	25.512	112.704
	TOTAL EARNINGS	59.502	25.512	112.704
	IMPORTS
	Raw Materials	4.281	7.727	0.000
	TOTAL IMPORTS	4.281	7.727	0.000
	Earnings Per Share (Rs.)	17.82	(59.78)	(137.83)

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 flow from (used in) operation	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	1.21	-4.63	-7.33
Operating Profit Margin (PBIDT/Sales)	(%)	5.22	-2.40	-6.69
Return on Total Assets (PBT/Total Assets}	(%)	2.28	-8.86	-17.34
Return on Investment (ROI) (PBT/Networth)		0.09	-0.36	-0.67
Debt Equity Ratio (Total Debt /Networth)		0.08	0.15	0.27
Current Ratio (Current Asset/Current Liability)		1.38	1.26	1.42

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	2.010	2.010	2.010
Reserves & Surplus	57.725	45.710	49.292
Share Application money pending allotment	0.000	0.000	0.000
Net worth	59.735	47.720	51.302
long-term borrowings	16.028	7.037	4.328
Short term borrowings	0.000	0.000	0.000
Current Maturities of Long Term Debt	0.000	0.000	0.000
Total borrowings	16.028	7.037	4.328
Debt/Equity ratio	0.268	0.147	0.084

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	377.804	259.337	295.877
		(31.357)	14.090

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	377.804	259.337	295.877
Profit	(27.703)	(12.015)	3.582
	(7.33%)	(4.63%)	1.21%

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)	Yes
16	No. of employees	Yes
17	Details of sister concerns	Yes
18	Major suppliers	Yes
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	Yes
35	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

FIXED ASSETS

• Land
• Leasehold Land
• Buildings
• Plant and Machinery
• Furniture
• Vehicles
• Factory

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. 65.24
UK Pound	1	Rs. 102.21
Euro	1	Rs. 72.57

INFORMATION DETAILS

Information Gathered by :	SPR
Analysis Done by :	DIV
Report Prepared by :	JYO

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
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	4
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		45

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.