MIRA INFORM REPORT

Report No. :	354944
Report Date :	21.12.2015

IDENTIFICATION DETAILS

Name :	RITUDHAN SUPPLIERS PRIVATE LIMITED
Registered Office :	AA-55, Sector -1, Salt Lake City, Kolkata – 700064, West Bengal
Mobile No.:	91-9733881001 (Mr. Tarun Ojha)
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	23.03.2012
Com. Reg. No.:	21-176910
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U52190WB2012PTC176910
IEC No.:	Not Divulged
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 carry on the business as buyers, sellers, traders, merchants, indentors, brokers, agents, commission agents, assemblers, refiners, cultivatots minters, packers, stockiest, broker and sub broker, distributors, producer, advisors, hire purchasers, of and all kinds of electrical and electronics goods such as wire, cables, underground cable, main switch, electrical accessories and fittings, electrical fans, television, juicer, computers, radios, refrigerators, electronics typewriters, videos, cassettes and calculators etc. (From Indirect Sources)
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 :	Subject is an established company incorporated in the year 2012 having moderate track record. Management of the company has not filed its financial with the government department for the year 2015. As per available financial of 2014, the company has not commence its commercial operation and has incurred some pre-operative expenses which has resulted into accumulated losses. Mr. Tarun Ojha (Purchased Head) denied to disclose any information about the company. As per Registrar of Companies the status of the company is shown as active. Payments are unknown. The company can be considered for business dealings on safe and secured trade terms and condition.

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. Tarun Ojha
Designation :	Purchase Head
Contact No.:	91-9733881001
Date :	18.12.2015

LOCATIONS

Registered Office :	AA-55, Sector -1, Salt Lake City, Kolkata – 700064, West Bengal, India
Tel. No.:	91-33-40042438
Mobile No.:	91-9733881001 (Mr. Tarun Ojha)
Fax No.:	Not Available
E-Mail :	agoswami55@yahoo.co.in

DIRECTORS

AS ON 29.09.2014

Name :

Mr. Pradeep Kumar Pugalia

Designation :

Director

Address :

Raja Woodmunt Street, Kolkata - 700001, West Bengal, India

Date of Appointment :

30.09.2015

DIN No.:

00501351

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	U70200WB1993PTC057546	S J S NIRMAN PVT LTD	Director	05/07/2006	05/07/2006	-	Active	NO
2	L16003WB2006PLC110039	RDB REALTY & INFRASTRUCTURE LIMITED	Whole-time director	01/07/2013	24/06/2010	-	Active	NO
3	U25209WB1998PTC088083	BHAGWATI PLASTOWORKS PRIVATE LIMITED	Director	29/09/2012	20/12/2011	-	Active	NO
4	U52190WB2012PTC179367	SWAPNO VANIJYA PRIVATE LIMITED	Director	30/09/2014	27/09/2013	-	Active	NO
5	U99999WB1981PTC033249	ANKUR CONSTRUCTIONS PVT LTD	Director	29/09/2014	30/06/2014	-	Active	NO
6	U45201WB1988PTC044224	LOKA PROPERTIES PVT LTD	Additional director	13/07/2015	30/06/2014	17/07/2015	Active	NO
7	U52190WB2012PTC176910	RITUDHAN SUPPLIERS PRIVATE LIMITED	Director	30/09/2015	17/11/2014	-	Active	NO
8	U70109WB1993PTC057547	SUMANGAL NIRMAN PVT LTD	Director	30/09/2015	16/03/2015	-	Active	NO
9	AAD-1742	ARISTO INFRA DEVELOPERS LLP	Body corporate as Designated Partner	12/01/2015	12/01/2015	-	Active	NO
10	AAE-9340	NIRVANA DEVCON LLP	Body corporate as Designated Partner	15/10/2015	15/10/2015	-	Active	NO

Name :

Prasenjit Ganguly

Designation :

Director

Address :

122, Hazra Road, Kolkata - 700026, West Bengal, India

Date of Birth/Age :

21.01.1972

Date of Appointment :

10.04.2012

DIN No.:

00516670

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	U45200WB1986PLC040808	BHARAT SHELTER DEVELOPMENT LIMITED	Director	24/09/2010	02/12/1994	-	Active	NO
2	U55101WB1997PTC085726	CORALINE RESTAURANT & HOTELS PRIVATE LIMITED	Director	21/07/1999	21/07/1999	26/07/2013	Active	NO
3	U74140WB1996PTC076282	ROSE BUSINESS & MANAGEMENT PVT LTD	Director	31/08/2004	31/08/2004	-	Active	NO
4	U26941WB1993PTC058838	AKANKHA NIRMAN PRIVATE LIMITED	Director	27/09/2008	25/02/2008	01/09/2014	Active	NO
5	U70101WB1989PTC046393	MEGHA HOUSING DEVELOPER PVT LTD	Director	30/09/2009	31/03/2009	29/01/2013	Active	NO
6	U27100WB2009PTC136660	TODAYS IRON INDUSTRIES PRIVATE LIMITED	Director	09/07/2009	09/07/2009	-	Active	NO
7	U45400WB2009PTC136677	TODAYS DEV-CON PRIVATE LIMITED	Director	10/07/2009	10/07/2009	-	Active	NO
8	U01405WB2009PTC136676	TODAYS VALUE ADDED JUTE PRODUCTS PRIVATE LIMITED	Director	10/07/2009	10/07/2009	-	Active	NO
9	U45201WB2004PTC100305	MJM NIRMAN PRIVATE LIMITED	Director	24/10/2011	25/03/2010	-	Active	NO
10	U45400WB2009PTC132688	ABAS NIBAS PRIVATE LIMITED	Director	28/09/2010	17/05/2010	-	Active	NO
11	U70101WB1995PTC073763	TODAYS INFRA-CON PRIVATE LIMITED	Director	02/06/2010	02/06/2010	-	Active	NO
12	U52190WB2011PTC156766	SUPERLIGHT TIE-UP PRIVATE LIMITED	Director	30/09/2011	18/01/2011	17/06/2014	Active	NO
13	U51909WB2011PTC162103	JYOTIRLING MARKETING PRIVATE LIMITED	Director	04/07/2011	04/07/2011	02/12/2014	Active	NO
14	U51909WB2011PTC162286	RISHIKESH DEALTRADE PRIVATE LIMITED	Director	04/07/2011	04/07/2011	02/12/2014	Active	NO
15	U51909WB2011PTC162105	VANASPATI RETAILERS PRIVATE LIMITED	Director	04/07/2011	04/07/2011	02/12/2014	Active	NO
16	U52201WB1995PTC074608	SHIVARPAN ENGINEERING PRIVATE LIMITED	Director	29/09/2012	28/11/2011	-	Active	NO
17	U70101WB1979PTC032137	SRI HARI PROPERTIES PVT LTD	Director	13/02/2012	13/02/2012	-	Active	NO
18	U52190WB2012PTC176910	RITUDHAN SUPPLIERS PRIVATE LIMITED	Director	10/04/2012	10/04/2012	-	Active	NO
19	U52190WB2012PTC176920	SWAPNO AGENCY PRIVATE LIMITED	Director	10/04/2012	10/04/2012	-	Active	NO
20	U52590WB2012PTC176914	RITUDHAN VINIMAY PRIVATE LIMITED	Director	10/04/2012	10/04/2012	-	Active	NO
21	U70102WB2014PTC202895	Migold Builders Private Limited	Director	06/08/2014	06/08/2014	-	Active	NO
22	U70102WB2014PTC202919	Tantus Properties Private Limited	Director	06/08/2014	06/08/2014	-	Active	NO
23	U70102WB2014PTC203439	CENTUM BUILDERS PRIVATE LIMITED	Director	05/09/2014	05/09/2014	-	Active	NO

Name :

Sankalan Datta

Designation :

Director

Address :

193 Salt Lake (Block - HB), Sector – III, Salt Lake North 24 parganas, Kolkata - 700106, West Bengal, India

Date of Birth/Age :

11.03.1984

Date of Appointment :

10.04.2012

DIN No.:

02478232

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	U45400WB2009PTC132688	ABAS NIBAS PRIVATE LIMITED	Director	28/09/2010	31/03/2009	-	Active	NO
2	U01405WB2009PTC136676	TODAYS VALUE ADDED JUTE PRODUCTS PRIVATE LIMITED	Director	09/07/2009	09/07/2009	-	Active	NO
3	U45400WB2009PTC136677	TODAYS DEV-CON PRIVATE LIMITED	Director	10/07/2009	10/07/2009	-	Active	NO
4	U27100WB2009PTC136660	TODAYS IRON INDUSTRIES PRIVATE LIMITED	Director	10/07/2009	10/07/2009	-	Active	NO
5	U45201WB2004PTC100305	MJM NIRMAN PRIVATE LIMITED	Director	24/10/2011	25/03/2010	-	Active	NO
6	U45200WB1986PLC040808	BHARAT SHELTER DEVELOPMENT LIMITED	Director	30/09/2011	24/05/2010	-	Active	NO
7	U70101WB1995PTC073763	TODAYS INFRA-CON PRIVATE LIMITED	Director	02/06/2010	02/06/2010	-	Active	NO
8	U52190WB2011PTC156766	SUPERLIGHT TIE-UP PRIVATE LIMITED	Director	30/09/2011	18/01/2011	17/06/2014	Active	NO
9	U51909WB2011PTC162103	JYOTIRLING MARKETING PRIVATE LIMITED	Director	04/07/2011	04/07/2011	02/12/2014	Active	NO
10	U51909WB2011PTC162286	RISHIKESH DEALTRADE PRIVATE LIMITED	Director	04/07/2011	04/07/2011	02/12/2014	Active	NO
11	U51909WB2011PTC162105	VANASPATI RETAILERS PRIVATE LIMITED	Director	04/07/2011	04/07/2011	02/12/2014	Active	NO
12	U52201WB1995PTC074608	SHIVARPAN ENGINEERING PRIVATE LIMITED	Director	29/09/2012	28/11/2011	-	Active	NO
13	U70101WB1979PTC032137	SRI HARI PROPERTIES PVT LTD	Director	13/02/2012	13/02/2012	-	Active	NO
14	U52190WB2012PTC176836	RAJNANDITA MARKETING PRIVATE LIMITED	Director	10/04/2012	10/04/2012	-	Active	NO
15	U52190WB2012PTC176910	RITUDHAN SUPPLIERS PRIVATE LIMITED	Director	10/04/2012	10/04/2012	-	Active	NO
16	U70101WB1989PTC046393	MEGHA HOUSING DEVELOPER PVT LTD	Director	28/09/2013	29/01/2013	-	Active	NO
17	U55101WB1997PTC085726	CORALINE RESTAURANT & HOTELS PRIVATE LIMITED	Director	30/09/2013	26/07/2013	-	Active	NO
18	L45203WB1972PLC028349	SHELTER INFRA PROJECTS LIMITED	Director	26/09/2014	10/02/2014	-	Active	NO
19	U45400WB2009PTC138012	BHUMI REALTY AND DEVELOPERS PRIVATE LIMITED	Additional director	30/06/2014	30/06/2014	-	Active	NO
20	U70102WB2014PTC202914	Antrix Realtors Private Limited	Director	06/08/2014	06/08/2014	-	Active	NO
21	U70102WB2014PTC202937	Tantus Developers Private Limited	Director	07/08/2014	07/08/2014	-	Active	NO
22	U70102WB2014PTC203444	GANGIKA DEVELOPERS PRIVATE LIMITED	Director	05/09/2014	05/09/2014	-	Active	NO

Name :

Gopal Jhunjhunwala

Designation :

Director

Address :

A-II, Indraprastha Estate Kaikhali, VIP Road, Kolkata - 700052, West Bengal, India

Date of Appointment :

30.09.2015

DIN No.:

07125143

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	U52190WB2012PTC176910	RITUDHAN SUPPLIERS PRIVATE LIMITED	Director	30/09/2015	20/03/2015	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Tarun Ojha
Designation :	Purchase Head

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2014

Names of Shareholders	No. of Shares	%age holding
Prasenjit Ganguly	50000	50.00
Sankalan Datta	50000	50.00
Total	100000	100.00

Equity Share Break up (Percentage of Total Equity)

AS ON 29.09.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is carry on the business as buyers, sellers, traders, merchants, indentors, brokers, agents, commission agents, assemblers, refiners, cultivatots minters, packers, stockiest, broker and sub broker, distributors, producer, advisors, hire purchasers, of and all kinds of electrical and electronics goods such as wire, cables, underground cable, main switch, electrical accessories and fittings, electrical fans, television, juicer, computers, radios, refrigerators, electronics typewriters, videos, cassettes and calculators etc. (From Indirect Sources)
Products :	Wire Cables Underground Cable Main Switch Electrical Accessories and Fittings Electrical Fans Television Juicer Computers Radios Refrigerators Electronic Typewriters Cassettes and calculators etc.
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 :

Bank Name	HDFC Bank
Branch	Not Divulged
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 :	A Goswami and Company Chartered Accountants
Address :	7 Paikpara Row, Kolkata – 700037, West Bengal, India
Tel. No.:	91-33-2249083
Mobile No.:	91-9903446123
PAN No.:	AAOFA9501A
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

AS ON 29.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
100,000	Equity Shares	Rs.1/- each	Rs.0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
100,000	Equity Shares	Rs.1/- each	Rs.0.100 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	23.03.2012 to 31.03.2013
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100	0.100
(b) Reserves & Surplus	(0.016)	(0.009)
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	0.084	0.091
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	0.000	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000
(b) Trade payables	0.000	0.000
(c) Other current liabilities - Bodies Corporate	20.000	0.000
(d) Other current liabilities	0.010	0.005
(e) Short-term provisions	0.000	0.000
Total Current Liabilities (4)	20.010	0.005
TOTAL	20.094	0.096
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000	0.000
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances - Bodies Corporate	20.000	0.000
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	20.000	0.000
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	0.000	0.000
(c) Trade receivables	0.000	0.000
(d) Cash and cash equivalents	0.090	0.091
(e) Short-term loans and advances	0.000	0.000
(f) Short-term current assets	0.004	0.005
(g) Other current assets	0.000	0.000
Total Current Assets	0.094	0.096
TOTAL	20.094	0.096

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	23.03.2012 to 31.03.2013
	SALES
	Income	NA	NA
	Other Income	NA	NA
	TOTAL	NA	NA
Less	EXPENSES	NA	NA
	PROFIT/ (LOSS) BEFORE TAX	(0.007)	(0.009)
Less	TAX	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX	(0.007)	(0.009)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	(0.009)	0.000
	Balance Carried to the B/S	(0.016)	(0.009)
	Earnings / (Loss) Per Share (Rs.)	(0.16)	(0.09)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	23.03.2012 to 31.03.2013
Current Maturities of Long term debt	NA	NA
Cash generated from operations	NA	NA
Net cash flow from (used in) operations	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	23.03.2012 to 31.03.2013
Return on Total Assets (PBT/Total Assets}	(%)	(0.03)	(9.38)
Return on Investment (ROI) (PBT/Networth)		(0.08)	(0.10)
Debt Equity Ratio (Total Debt /Networth)		0.00	0.00
Current Ratio (Current Asset/Current Liability)		0.00	19.20

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Share Capital	0.100	0.100
Reserves & Surplus	(0.009)	(0.016)
Share Application money pending allotment	0.000	0.000
Net worth	0.091	0.084
long-term borrowings	0.000	0.000
Short term borrowings	0.000	0.000
Total borrowings	0.000	0.000
Debt/Equity ratio	0.000	0.000

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	No
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 years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last two 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

NOTE :

The registered office of the company has been shifted from CB - 63 , Sector – I, Salt Lake City, Kolkata – 700064, West Bengal, India to the present address.

OPERATION AND FINANCIAL RESULTS

During the year company has incurred a pre-operative loss of Rs.0.007 Million before and after making tax provisions and the pre-operative accumulated loss balance stood Rs.0.016 Million. This year the company had no business activities and the Board has decided to start new ventures within a short period.

INDEX OF CHARGES : NO CHARGES EXIST FOR COMPANY

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.66.42
UK Pound	1	Rs.99.17
Euro	1	Rs.72.14

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	DIV
Report Prepared by :	SNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	1
--PROFITABILITY	1~10	1
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	--
--CREDIT LINES	1~10	---
--MARGINS	-5~5	---
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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	--

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.