MIRA INFORM REPORT

Report No. :	353383
Report Date :	08.12.2015

IDENTIFICATION DETAILS

Name :	SKANRAY TECHNOLOGIES PRIVATE LIMITED
Registered Office :	Plot No. 15-17, Hebbal Industrial Area, Mysore – 570016, Karnataka
Tel. No.:	91-79-26409928
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	14.02.2007
Com. Reg. No.:	08-041774
Capital Investment / Paid-up Capital :	Rs. 301.647 Million
CIN No.: [Company Identification No.]	U72200KA2007PTC041774
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 :	Subject is a medical equipment manufacturing company specializing in High Frequency X-Ray Imaging Systems, Critical Care Devices and Primary Healthcare and Telemedicine compatible devise. (From Indirect Sources)
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

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

Maximum Credit Limit :	USD 3000000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject Was Incorporated In The Year 2007 And It Is Having A Satisfactory Track Record. The Rating Takes Into Account On Company Satisfactory Financial Profile With Significant Improvement Into Its Capital Structure And Reserves Position Of The Company Because The Company Has Raised Substantial Equity Funding From Unit Trust of India Investment Advisory Services Limited A/A Ascent India III. Rating further takes into account on company strong operational activities, improved cash and bank balance as well as favorable gap between trade receivable to its receivable during the year under review. However, the rating is constrained on company continuous losses over past few years. The ratings are also constrained by increased customer concentration risks and the high competitive intensity in the industry with presence of established players such as GE, Siemens and Philips amongst others. However, trade relations are fair. Business is active. Payments terms are slow but correct. In view of decent financial base, the company can be considered for business dealings at usual trade terms and conditions. Note: With the approval of scheme of Amalgamation by the Hon’ble High Court of Karnataka, Skanray Healthcare Private Limited is amalgamated with subject company.

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 31-03-2015.

INFORMATION DENIED BY

Name :	Mr. Paresh Naik
Designation :	Account Head
Contact No.:	91-79-26409928
Date :	04.12.2015

LOCATIONS

Registered Office :	Plot No. 15-17, Hebbal Industrial Area, Mysore – 570016, Karnataka, India
Tel. No.:	91-79-26409928 91-821-2415559
Fax No.:	91-821-2403344
E-Mail :	V.ALVA@SKANRAY.COM
Website :	www.skanray.com
Factory :	331/B Hebbal Industrial Area, Mysore - 570018, Karnataka, India
Corporate Office:	403, Oliv Arcade, Opposite Samudra Building, Off C G Road, Navrangpura, Ahmedabad – 380009, Gujarat, India
Tel. No.:	91-79-26409928

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Vishwaprasad Alva

Designation :

Managing director

Address :

Suprasad Kandavara Balike, Kinnikambla, Manglore-574151, Karnataka, India

Date of Birth/Age :

05.11.1966

Date of Appointment :

19.02.2007

PAN No.:

ABYPA5998C

DIN No.:

01240253

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	U72200KA2007PTC041774	SKANRAY TECHNOLOGIES PRIVATE LIMITED	Managing director	19/02/2007	14/02/2007	-	Active	NO
2	U29254KA2009PTC049630	CEI SKANRAY RADIOLOGY DEVICES PRIVATE LIMITED	Director	20/04/2009	20/04/2009	-	Active	NO
3	U85100KA2010PTC054613	Skanray Healthcare Private Limited	Managing director	02/08/2013	08/11/2012	-	Amalgamated	NO
4	U74900KA2014NPL077916	Mysore ESDM Cluster	Director	24/12/2014	24/12/2014	-	Active	NO
5	U74900KA2015PTC078434	Skancare Wellness Private Limited	Director	21/01/2015	21/01/2015	-	Active	NO

Name :

Mr. Balasubramanian Kandankumarath

Designation :

Director

Address :

B-303, Celestial Greens, Old Madras Road, C V Raman Nagar Post, Bangalore-

560093, Karnataka, India

Date of Birth/Age :

15.05.1964

Date of Appointment :

31.10.2008

PAN No.:

ADRPK1895M

DIN No.:

02058807

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	U72200KA2007PTC041774	SKANRAY TECHNOLOGIES PRIVATE LIMITED	Director	31/10/2008	31/10/2008	-	Active	NO
2	U29254KA2009PTC049630	CEI SKANRAY RADIOLOGY DEVICES PRIVATE LIMITED	Alternate director	03/11/2009	26/05/2009	-	Active	NO

Name :

Vishwaprasad Alva

Designation :

Managing Director

Address :

Suprasad Kandavara Balike, Kinnikambla, Mangalore - 574151, Karnataka, India

Date of Appointment :

19.02.2007

DIN No.:

01240253

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	U72200KA2007PTC041774	SKANRAY TECHNOLOGIES PRIVATE LIMITED	Managing director	19/02/2007	14/02/2007	-	Active	NO
2	U29254KA2009PTC049630	CEI SKANRAY RADIOLOGY DEVICES PRIVATE LIMITED	Director	20/04/2009	20/04/2009	-	Active	NO
3	U85100KA2010PTC054613	Skanray Healthcare Private Limited	Managing director	02/08/2013	08/11/2012	-	Amalgamated	NO
4	U74900KA2014NPL077916	Mysore ESDM Cluster	Director	24/12/2014	24/12/2014	-	Active	NO
5	U74900KA2015PTC078434	Skancare Wellness Private Limited	Director	21/01/2015	21/01/2015	-	Active	NO

Name :

Radhakrishnan Nambiar

Designation :

Nominee Director

Address :

S/O T. P. N Nambiar, # A-07, Sobha Azalea, Harohalli Main Road, Harohalli, Yelahanka, Singanayakanahalli Bangalore - 560064, Karnataka, India

Date of Appointment :

30.09.2014

DIN No.:

01960554

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	U30007TN1993PTC025323	BLUESHIFT INDIA PRIVATE LIMITED	Director	18/09/2008	12/12/2007	-	Active	NO
2	U72200TG2004PTC042572	GOOSE TECHNOLOGIES PRIVATE LIMITED	Director	22/09/2012	14/03/2008	-	Active	NO
3	U74140DL2006PTC146649	PATSYS CONSULTING PRIVATE LIMITED	Director	30/09/2008	26/06/2008	-	Active	NO
4	U72400KL2002PTC015452	TRINITY MOBILITY PRIVATE LIMITED	Director	30/09/2009	15/11/2008	-	Active	NO
5	U72300TN1998PTC040063	BLUESHIFT INFORMATION SYSTEMS PRIVATE LIMITED	Director	26/09/2009	06/03/2009	-	Active	NO
6	U72200KA2006PTC038477	Ubq TECHNOLOGIES PRIVATE LIMITED	Director	30/09/2010	03/09/2010	-	Active	NO
7	U80904TN2009PTC071736	EMERGE LEARNING SERVICES Private Limited	Director	16/10/2010	16/10/2010	-	Active	NO
8	U72900KA2010PTC055894	Sapience Mobile Solutions Private Limited	Director	16/11/2010	16/11/2010	-	Strike off	NO
9	U74999TN2013PTC092438	EMERGE VOCATIONAL SKILLS PRIVATE LIMITED	Director	06/08/2013	06/08/2013	-	Active	NO
10	U80904MH2013PTC247433	Island Education Services Private Limited	Director	30/09/2014	15/11/2013	-	Active	NO
11	U72200KL2013PTC035075	DOLOJO LABS PRIVATE LIMITED	Nominee director	02/01/2014	02/01/2014	-	Active	NO
12	U72200KL2011PTC028859	CIED TECHNOLOGIES PRIVATE LIMITED	Nominee director	26/02/2014	26/02/2014	-	Active	NO
13	U85100KA2010PTC054613	Skanray Healthcare Private Limited	Nominee director	28/02/2014	28/02/2014	-	Amalgamated	NO
14	U72200KA2007PTC041774	SKANRAY TECHNOLOGIES PRIVATE LIMITED	Nominee director	30/09/2014	30/09/2014	-	Active	NO

Name :

Deepak Komaregowda

Designation :

Nominee Director

Address :

Adarsh Palm Retreat Villa #262, Devarabeesanahalli Outer Ring Road, Bangalore - 560037, Karnataka, India

Date of Appointment :

29.08.2013

DIN No.:

03298261

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	U64202TN2001PTC046928	NMSWORKS SOFTWARE PRIVATE LIMITED	Director	23/07/2010	23/07/2010	06/06/2011	Active	NO
2	U85199KA2000PTC027913	STRAND LIFE SCIENCES PRIVATE LIMITED	Nominee director	15/09/2010	15/09/2010	18/02/2013	Active	NO
3	U74999KL2006PLC019208	CONDIS INDIA HEALTHCARE LIMITED	Alternate director	03/12/2011	03/12/2011	-	Active	NO
4	U80903AP2009PLC065412	PEOPLE COMBINE EDUCATIONAL INITIATIVES LIMITED	Alternate director	08/02/2012	08/02/2012	17/12/2013	Active	NO
5	U80900AP2011PTC072339	PEOPLE COMBINE BENGALURU KNOWLEDGE INSTITUTIONS PRIVATE LIMITED	Alternate director	08/02/2012	08/02/2012	17/12/2013	Active	NO
6	U80904AP2011PTC072196	People Combine Nagpur Ventures Private Limited	Alternate director	08/02/2012	08/02/2012	17/12/2013	Amalgamated	NO
7	U09211KA2004PTC034212	i-Nurture Education Solutions Private Limited	Nominee director	21/12/2012	01/08/2012	-	Active	NO
8	U85110KL2013PTC033566	KIMS KOLLAM MULTI SPECIALITY HOSPITAL INDIA PRIVATE LIMITED	Nominee director	04/04/2013	04/04/2013	-	Active	NO
9	U85110KL2010PTC026107	KIMS Bellerose Institute of Medical Sciences Private Limited	Director	20/04/2013	20/04/2013	-	Active	NO
10	U72200KA2007PTC041774	SKANRAY TECHNOLOGIES PRIVATE LIMITED	Nominee director	29/08/2013	29/08/2013	-	Active	NO
11	U85100KA2010PTC054613	Skanray Healthcare Private Limited	Nominee director	29/08/2013	29/08/2013	-	Amalgamated	NO
12	U85110KL2011PLC029969	OAK INDIA HEALTHCARE LIMITED	Nominee director	30/10/2014	30/10/2014	-	Active	NO
13	U72900KA2008PTC047989	99GAMES ONLINE PRIVATE LIMITED	Nominee director	29/09/2015	08/05/2015	-	Active	NO
14	U72200KA2008PTC045222	GLOBAL DELIGHT TECHNOLOGIES PRIVATE LIMITED	Nominee director	29/09/2015	12/05/2015	-	Active	NO
15	U72900KA2000PTC027961	ROBOSOFT TECHNOLOGIES PRIVATE LIMITED	Nominee director	29/09/2015	15/05/2015	-	Active	NO
16	U80301KA2015PTC083060	iNurture 360 Careers Private Limited	Director	30/09/2015	30/09/2015	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Ajay Madaiah Bollarappanda
Designation :	Secretary
Address :	3523, 7th C Main Road, 4th Cross, Kanakadasa Nagar, Mysore - 570023, Karnataka, India
Date of Birth/Age :	21.04.1984
Date of Appointment :	16.10.2012
PAN No.:	AIRPA2387D

MAJOR SHAREHOLDERS

AS ON 30.09.2014

SHAREHOLDING DETAILS FILE ATTACHED

AS ON 27.02.2015

Equity Share Break up (Percentage of Total Equity)

Name of Allottees	No. of Shares
UTI Investment Advisory Service Limited A/c. Ascent Capital India Fund III, India	274016
Agnus Capital LLP, India	668794
Total	942810

AS ON 30.09.2014

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	7.29
Bodies corporate	65.71
Directors or relatives of Directors	13.47
Other top fifty shareholders	13.53
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is a medical equipment manufacturing company specializing in High Frequency X-Ray Imaging Systems, Critical Care Devices and Primary Healthcare and Telemedicine compatible devise. (From Indirect Sources)
Products :	Medical Equipment
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 Mysore
Branch Address	Mysore Main, Ashoka Road, Mysore - 570001, Karnataka, 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

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Rupee term loans from others	15.750	26.250
Rupee term loans from banks	187.990	19.929
SHORT TERM BORROWING
Rupee term loans from banks	142.091	14.604
Total	345.831	60.783

Auditors :
Name :	Deloitte Haskins and Sells Chartered Accountants
Address :	Deloitte Centre, Anchorage II, 100/2, Richmond Road, Bangalore - 560025, Karnataka, India
PAN N Income-tax PAN of auditor or auditor's firm :	AACFD3771D
Memberships :	Not Available
Collaborators :	Not Available
Joint venture :	CEI Skanrayradiology Devices Private Limited
Others :	Skanray Healthcare Private Limited

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital:

No. of Shares	Type	Value	Amount
17572900	Equity Shares	Rs.10/- each	Rs. 175.729 Million
4000000	Preference Shares	Rs. 30/- each	Rs. 120.000 Million
	Total		Rs. 295.729 Million

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
17032280	Equity Shares	Rs.10/- each	Rs. 170.323 Million
3957425	Preference Shares	Rs. 30/- each	Rs. 118.723 Million
	Total		Rs. 289.046 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	289.046	95.518	113.649
(b) Reserves & Surplus	776.968	82.233	121.565
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	1.000	20.609
Total Shareholders’ Funds (1) + (2)	1066.014	178.751	255.823
(3) Non-Current Liabilities
(a) long-term borrowings	203.740	46.179	63.435
(b) Deferred tax liabilities (Net)	9.211	2.515	3.096
(c) Other long term liabilities	8.680	3.614	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	221.631	52.308	66.531
(4) Current Liabilities
(a) Short term borrowings	163.552	131.604	15.227
(b) Trade payables	284.102	22.385	18.821
(c) Other current liabilities	140.433	37.317	33.819
(d) Short-term provisions	19.070	1.680	2.483
Total Current Liabilities (4)	607.157	192.986	70.350
TOTAL	1894.802	424.045	392.704
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	685.957	294.634	296.080
(ii) Intangible Assets	90.993	49.940	35.561
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	89.705	19.995	26.183
(b) Non-current Investments	0.848	0.102	0.112
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	49.816	12.200	2.901
(e) Other Non-current assets	7.952	0.000	0.000
Total Non-Current Assets	925.271	376.871	360.837
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	294.161	29.175	17.090
(c) Trade receivables	231.914	12.856	2.718
(d) Cash and cash equivalents	390.025	1.186	0.459
(e) Short-term loans and advances	48.321	3.938	11.600
(f) Other current assets	5.110	0.019	0.000
Total Current Assets	969.531	47.174	31.867
TOTAL	1894.802	424.045	392.704

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	TOTAL	NA	NA	NA
Less	EXPENSES
	TOTAL	NA	NA	NA
	PROFIT/ (LOSS) BEFORE TAX	(53.430)	(83.574)	(54.690)
Less	TAX	0.000	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX	(53.430)	(83.574)	(54.690)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	(207.394)	(112.990)	(58.299)
	BALANCE CARRIED TO THE B/S	(260.824)	(196.564)	(112.989)
	Earnings Per Share (Rs.)	(2.55)	(3.98)	(2.61)

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	(11.211)	(83.574)	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	(2.96)	(20.69)	(14.93)
Return on Investment (ROI) (PBT/Networth)		(0.05)	(0.47)	(0.21)
Debt Equity Ratio (Total Debt /Networth)		0.34	0.99	0.31
Current Ratio (Current Asset/Current Liability)		1.60	0.24	0.45

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	113.649	95.518	289.046
Reserves & Surplus	121.565	82.233	776.968
Share Application money pending allotment	20.609	1.000	0.000
Net worth	255.823	178.751	1066.014
long-term borrowings	63.435	46.179	203.740
Short term borrowings	15.227	131.604	163.552
Total borrowings	78.662	177.783	367.292
Debt/Equity ratio	0.307	0.995	0.345

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	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	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

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Loans and advances from others	3.900	5.000
Loans and advances from directors	17.561	112.000
Total	21.461	117.000

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10537111	15/10/2015 *	269,811,961.00	Axis Bank Limited	Corporate Banking Branch, Indian Express Building, No.1, Second Floor, Queens Road, Bangalore, Karnataka - 560001, INDIA	C69124188
2	10398866	28/01/2013 *	470,000,000.00	Corporation Bank	NO.10, RALLARAM BUILDING, MISSION ROAD, BANGALORE, Karnataka - 560027, INDIA	B66765371
3	10188778	10/11/2009	47,000,000.00	TECHNOLOGY DEVELOPMENT BOARD	WING A, GROUND FLOOR, VISHWAKARMA BHAWAN, SHAHEED  JEET SINGH MARG, NEW DELHI, Delhi - 110016, INDIA	A73632945

* Date of charge modification

FIXED ASSETS

• Land
• Buildings
• Plant and Equipments
• Factory Equipments
• Furniture and Fixture
• Vehicles
• Office Equipments
• Computer Equipments

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. 66.63
UK Pound	1	Rs. 100.65
Euro	1	Rs. 72.40

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	KAS
Report Prepared by :	JYO

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	--
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		47

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.