MIRA INFORM REPORT

Report No. :	354642
Report Date :	17.12.2015

IDENTIFICATION DETAILS

Name :	HOMELAND BUILDWELL PRIVATE LIMITED
Registered Office :	18, Chanderlok, Ist Floor, Pitampura, New Delhi - 110034
Tel. No.:	91-9871967581 [Mr. Chandra]
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	09.09.2005
Com. Reg. No.:	55-140561
Capital Investment / Paid-up Capital :	Rs.47.070 Million
CIN No.: [Company Identification No.]	U70101DL2005PTC140561
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 :	Real Estate Activity [Registered Activity]
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ca (11)

RATING		STATUS	PROPOSED CREDIT LINE
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Even though the company was incorporated in the year 2005, it has not yet commenced its business operations. Mr. Chandra Prakash Gupta, Accountant has not provided any information about the subject. He claimed that the company started its business activities from the year 2013 which is not verified from any source. As per the financials of the year 2015, the company has not recorded any income from its business operations but has recorded other income of Rs.3.448 Million during the year under a review. In addition, it has recorded net loss of Rs.1.026 million which is regarded as per-operating expenses. Moreover, as per status in the Registrar of Companies, business seems to be active. Payment terms are unknown. In view of aforesaid, the company can be considered for business dealings on safe and secured trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
India	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. Chandra Prakash Gupta
Designation :	Accountant
Contact No.:	91-9871967581
Date :	16.12.2015

LOCATIONS

Registered Office :	18, Chanderlok, Ist Floor, Pitampura, New Delhi - 110034
Tel. No.:	91-11-27355218
Mobile No.:	91-9871967581 [Mr. Chandra]
Fax No.:	Not Available
E-Mail :	hemantjindal583@gmail.com jindaloil583@gmail.com

DIRECTORS

AS ON 31.03.2015

Name :

Hemant Jindal

Designation :

Director

Address :

18, Chander Lok Enclave, Pitampura, New Delhi -110034, India

Date of Appointment :

09.09.2005

DIN No.:

00313516

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	U15142DL1994PLC281601	JINDAL OIL AND FATS LIMITED	Managing director	04/03/1994	04/03/1994	-	Active	NO
2	U74899DL1995PLC074591	G.D. TRAEXIM INTERNATIONAL LIMITED	Director	07/11/1998	07/11/1998	-	Active	NO
3	U70101AS1998PLC005512	NORTHEX ESTATES LIMITED	Director	09/11/1998	09/11/1998	-	Active	NO
4	L65910DL1995PLC064310	PROGRESSIVE FINLEASE LIMITED	Director	14/04/1999	14/04/1999	15/05/2013	Active	NO
5	U51311DL1999PLC101733	HOB NOB MALL LIMITED	Director	28/09/1999	28/09/1999	15/09/2011	Strike off	NO
6	U55101CH1999PTC032886	H A OVERSEAS PRIVATE LIMITED	Director	10/06/2001	10/06/2001	15/01/2010	Active	NO
7	U67120PB1999PLC022221	K K CONTINENTEL TRADE LIMITED	Director	10/06/2001	10/06/2001	-	Active	NO
8	U45201DL2004PLC125805	HOMELAND CITY PROJECTS LIMITED	Director	15/04/2004	15/04/2004	21/08/2015	Active	NO
9	U70101PB2003PLC025712	HOMELAND ENCLAVES LIMITED	Additional director	20/04/2014	08/09/2004	-	Active	NO
10	U70101DL2004PTC130515	H A ESTATES PRIVATE LIMITED	Director	15/11/2004	15/11/2004	-	Active	NO
11	U70101DL2004PTC130386	GH ESTATES PRIVATE LIMITED	Director	15/11/2004	15/11/2004	-	Active	NO
12	U74899DL1994PTC063200	VINMAN DEVELOPERS PRIVATE LIMITED	Director	30/11/2004	30/11/2004	05/09/2011	Active	NO
13	U15142DL1999PLC242049	SHREE JINDAL SOYA LIMITED	Additional director	15/12/2015	30/04/2005	-	Active	NO
14	U70101DL2005PTC140561	HOMELAND BUILDWELL PRIVATE LIMITED	Director	09/09/2005	09/09/2005	-	Active	NO
15	U24100JK2003PLC002277	APEX FIBRE INDIA LIMITED	Director	25/03/2006	25/03/2006	20/11/2010	Active	NO
16	U55101DL2007PTC165677	H.L. HOTEL AND RESORT PRIVATE LIMITED	Director	10/07/2007	10/07/2007	-	Active	NO
17	U51101DL2007PTC171069	DIAMOND TRAEXIM PRIVATE LIMITED	Additional director	01/01/2008	01/01/2008	05/04/2011	Active	NO
18	U74120DL2008PTC174424	GH CITY PROJECT PRIVATE LIMITED	Director	22/02/2008	22/02/2008	-	Active	NO
19	U51109DL2008PTC174394	AB GLOBAL TRADE PRIVATE LIMITED	Director	22/02/2008	22/02/2008	-	Active	NO
20	U45200DL2008PTC177824	AHR CITY PROJECT PRIVATE LIMITED	Director	08/05/2008	08/05/2008	-	Active	NO
21	U70200DL2010PTC201659	ANU BUILDWELL PRIVATE LIMITED	Director	16/04/2010	16/04/2010	28/04/2011	Active	NO
22	U55101DL2007PTC159810	V.K.RAJ RESORT PRIVATE LIMITED	Director	20/12/2011	20/12/2011	29/12/2011	Active	NO
23	U15549DL2012PTC238566	AB ALCOBEV PRIVATE LIMITED	Director	30/09/2014	09/07/2012	-	Active	NO
24	U15122DL2012PTC242782	AB SOYA PRIVATE LIMITED	Additional director	05/10/2012	05/10/2012	07/05/2013	Active	NO
25	U70102DL2013PTC247029	HA TECHNOBUILD PRIVATE LIMITED	Director	30/09/2014	04/01/2013	01/07/2015	Active	NO
26	U70109DL2013PTC253696	H. R. LANDBASE PRIVATE LIMITED	Director	07/06/2013	07/06/2013	-	Active	NO
27	U60231DL2011PTC225519	HOMELAND INFRA PROJECTS PRIVATE LIMITED	Director	07/01/2014	07/01/2014	-	Active	NO
28	U18202DL2014PTC263955	H A COTSPIN PRIVATE LIMITED	Director	24/01/2014	24/01/2014	-	Active	NO
29	U15209DL2013PTC248011	IS PROTEINS PRIVATE LIMITED	Director	14/05/2014	14/05/2014	-	Active	NO

Name :

Rahul Goyal

Designation :

Director

Address :

M/S Goyal Industries , Near Railway Line, Raman District Bathinda, Raman - 151301, Punjab, India

Date of Appointment :

24.09.2015

DIN No.:

02633747

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	U18104PB1998PTC038461	HM OVERSEAS PRIVATE LIMITED	Director	22/04/2009	22/04/2009	18/12/2010	Active	NO
2	U24100JK2003PLC002277	APEX FIBRE INDIA LIMITED	Director	01/11/2010	01/11/2010	26/11/2014	Active	NO
3	U17111PB1997PLC020118	A B COTSPIN INDIA LIMITED	Director	15/12/2010	15/12/2010	-	Active	NO
4	U74140PB2013PTC037116	A B INFRA INVESTMENTS PRIVATE LIMITED	Director	20/02/2013	20/02/2013	30/09/2013	Active	NO
5	U15122DL2012PTC242782	AB SOYA PRIVATE LIMITED	Director	23/10/2013	26/04/2013	-	Active	NO
6	U70101DL2005PTC140561	HOMELAND BUILDWELL PRIVATE LIMITED	Director	24/09/2015	29/12/2014	-	Active	NO

Name :

Umang Jindal

Designation :

Director

Address :

18, Chander Lok, Pitam Pura, Delhi - 110034, India

Date of Appointment :

20.09.2013

DIN No.:

03084625

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	U55101DL2007PTC159810	V.K.RAJ RESORT PRIVATE LIMITED	Director	02/01/2012	02/01/2012	25/10/2012	Active	NO
2	U15142DL1999PLC242049	SHREE JINDAL SOYA LIMITED	Director	18/06/2012	18/06/2012	-	Active	NO
3	U15209DL2013PTC248011	IS PROTEINS PRIVATE LIMITED	Director	24/10/2013	16/03/2013	-	Active	NO
4	U70101DL2013PTC248017	ISHA LANDBASE PRIVATE LIMITED	Additional director	24/04/2013	24/04/2013	29/04/2013	Active	NO
5	U70101DL2005PTC140561	HOMELAND BUILDWELL PRIVATE LIMITED	Director	20/09/2013	30/05/2013	-	Active	NO
6	U15122DL2012PTC242782	AB SOYA PRIVATE LIMITED	Director	30/09/2014	18/11/2013	-	Active	NO
7	U15549DL2012PTC238566	AB ALCOBEV PRIVATE LIMITED	Director	20/12/2013	20/12/2013	-	Active	NO
8	U17111PB1997PLC020118	A B COTSPIN INDIA LIMITED	Director	30/09/2014	12/04/2014	-	Active	NO

Name :

Amrinder Singh

Designation :

Director

Address :

H.No.662B - Namdev Nagar, Bathinda - 151001, Punjab, India

Date of Appointment :

20.09.2013

DIN No.:

05253334

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	U70109PB2012PTC036176	ASC BUILDERS PRIVATE LIMITED	Director	24/04/2012	24/04/2012	15/05/2013	Active	NO
2	U70101DL2005PTC140561	HOMELAND BUILDWELL PRIVATE LIMITED	Director	20/09/2013	30/05/2013	-	Active	NO

Name :

Amandeep Singh Jaura

Designation :

Director

Address :

H. No. 76, Gali No. 2, Panch Vati Nagar, Bathinda - 151001, Punjab, India

Date of Appointment :

20.09.2013

DIN No.:

05253362

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	U70109PB2012PTC036176	ASC BUILDERS PRIVATE LIMITED	Director	24/04/2012	24/04/2012	15/05/2013	Active	NO
2	U70101DL2005PTC140561	HOMELAND BUILDWELL PRIVATE LIMITED	Director	20/09/2013	30/05/2013	-	Active	NO

Name :

Paramjit Kaur

Designation :

Director

Address :

H.No. 76 Green Avenue Nagar Sahmne Rose Garden, Bathinda - 151001, Punjab, India

Date of Appointment :

20.09.2013

DIN No.:

05253369

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	U70109PB2012PTC036176	ASC BUILDERS PRIVATE LIMITED	Director	24/04/2012	24/04/2012	15/05/2013	Active	NO
2	U70101DL2005PTC140561	HOMELAND BUILDWELL PRIVATE LIMITED	Director	20/09/2013	30/05/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Chandra Prakash Gupta
Designation :	Accountant

MAJOR SHAREHOLDERS

AS ON 31.03.2015

Names of Shareholders	No. of Shares
Hemant Jindal	1030000
Hemant Jindal (HUF)	10000
Renu Jindal	1017500
Kewal Krishan Jindal	1049200
Kewal Krishan Jindal (HUF)	680800
Chand Rani	530000
Ashwini Jindal (HUF)	14500
Ujala Jindal	20000
H.L. Hotel and Resorts Private Limited	100000
HA Estates Private Limited	255000
Total	4707000

Equity Share Break up (Percentage of Total Equity)

AS ON 29.09.2014

Category	Percentage
Directors or relatives of Directors	92.46
Other	7.54
Total	100.00

BUSINESS DETAILS

Line of Business :
Products :
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Information declined by the management

Bankers :

• Punjab National Bank, MCB Branch, Society 53-54,Ue-2,Model Town, Hisar, Haryana - 125005, India

Banker Name	State Bank of India (Mid Corporate Loan Administration Unit)
Branch Address	2nd Floor, Chandni Chowk, Delhi - 110006,India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Auditors :
Name :	S. Chand Mittal and Company Chartered Accountants
Address :	810, GD-ITL, A-09, Northex Tower, Netaji ubhash Place, Pitampura, New Delhi – 110034, , India
Tel. No.:	91-41548802/ 41548803
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	--

CAPITAL STRUCTURE

AS ON 31.03.2015

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.10/- each	Rs.50.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
4707000	Equity Shares	Rs.10/- each	Rs.47.070 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2015	31.03.2014	31.03.2013
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	47.070	47.070	47.070
(b) Reserves & Surplus	(1.841)	(0.815)	(0.393)
(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)	45.229	46.255	46.677
(3) Non-Current Liabilities
(a) long-term borrowings	528.002	358.911	0.000
(b) Deferred tax liabilities (Net)	0.000	1.666	0.000
(c) Other long term liabilities	0.000	0.024	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	528.002	360.601	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	8.150	1.423	0.000
(c) Other current liabilities	188.415	16.528	55.735
(d) Short-term provisions	0.000	0.000	0.005
Total Current Liabilities (4)	196.565	17.951	55.740
TOTAL	769.796	424.807	102.417
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	3.306	2.202	0.353
(ii) Intangible Assets	17.885	42.885	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	42.885
(c) Deferred tax assets (net)	0.103	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	21.294	45.087	43.238
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	3.318	3.159	0.095
(e) Short-term loans and advances	67.869	1.487	0.000
(f) Other current assets	677.315	375.074	59.084
Total Current Assets	748.502	379.720	59.179
TOTAL	769.796	424.807	102.417

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2015	31.03.2014	31.03.2013
	SALES
	Income
	Other Income
	TOTAL (A)	0.003	0.000	NA
Less	EXPENSES
	Other expenses	0.145	0.026
	TOTAL (B)	0.145	0.026	NA
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	(0.142)	(0.026)	NA
Less	FINANCIAL EXPENSES (D)	0.022	0.027	NA
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	(0.164)	(0.053)	NA
Less	DEPRECIATION/ AMORTISATION (F)	0.988	0.345	NA
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	(1.152)	(0.398)	(0.422)
Less	TAX (H)	(0.126)	0.024	(0.272)
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	(1.026)	(0.422)	(0.150)
	Earnings / (Loss) Per Share (Rs.)	(0.22)	(0.09)	(0.03)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015	31.03.2014	31.03.2013
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	(0.142)	(0.026)	NA
Net cash flows from (used in) operating activities	2.275	5.285	NA

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Return on Total Assets (PBT/Total Assets}	(%)	(0.15)	(0.09)	(0.71)
Return on Investment (ROI) (PBT/Networth)		(0.03)	(0.01)	(0.01)
Debt Equity Ratio (Total Debt /Networth)		11.67	7.76	0.00
Current Ratio (Current Asset/Current Liability)		3.81	21.15	1.06

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	47.070	47.070	47.070
Reserves & Surplus	(0.393)	(0.815)	(1.841)
Net worth	46.677	46.255	45.229
Long-term borrowings	0.000	358.911	528.002
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.000	358.911	528.002
Debt/Equity ratio	0.000	7.759	11.674

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	No
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 two year	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

OPERATIONS:

The company has reported total income of Rs.0.003 million for the current year as compared to Rs.0.000 million in the previous year. The net loss for the year amounted to Rs.1.026 million in the current year as compared to profit of Rs.0.422 Million in the previous year. The Directors are optimistic about company’s business and hopeful of better performance with increased revenue in next year.

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2015	As on 31.03.2014
LONG TERM BORROWING
From Other Parties
AB Continental Commodities Private Limited	122.299	114.178
GH Crop Science Private Limited	0.000	32.707
HM Overseas Private Limited	0.000	212.026
Apex Fiber India Limited	290.533	0.000
Isha Landbase Private Limited	115.170	0.000
Total	528.002	358.911

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10493370	12/02/2014	530,000,000.00	PUNJAB NATIONAL BANK	MCB BRANCH, SCO 53-54,UE-2,MODEL TOWN, HISAR, HARYANA - 125005, INDIA	C04259503

FIXED ASSETS

• Plant and Machinery
• Air Conditioner
• Car
• Mobiles and Walky-Talky
• PPABX Systems
• Camera and Associates
• Securities Accessories
• Generator and Inventors
• Furniture and Fixtures
• Computer

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.66.85
UK Pound	1	Rs.100.58
Euro	1	Rs.73.16

INFORMATION DETAILS

Information Gathered by :	KAM
Analysis Done by :	HEE
Report Prepared by :	GEET

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	--
FINANCIAL CONDITION		0
--BUSINESS SCALE	1~10	1
--PROFITABILITY	1~10	--
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	2
--RESERVES	1~10	--
--CREDIT LINES	1~10	2
--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		11

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.