MIRA INFORM REPORT

Report No. :	355921
Report Date :	28.12.2015

IDENTIFICATION DETAILS

Name :	SHREE GANESH HOSIERY MILLS PRIVATE LIMITED

Registered Office :	Unit No. 34 A, 2nd Floor, Arsiwala Building, 57 Wadehose Road, Colaba, Mumbai-400005, Maharashtra
Tel. No.:	Not Available

Country :	India

Financials (as on) :	31.03.2015

Date of Incorporation :	10.02.1992

Com. Reg. No.:	11-065303

Capital Investment / Paid-up Capital :	Rs. 0.100 Million

CIN No.: [Company Identification No.]	U18101MH1992PTC065303

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 :	Trading in Knitted, Fabrics and Textiles. (Registered Activity)

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca (12)

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

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

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 DECLINED

Unable to contact

LOCATIONS

Registered Office :	Unit No. 34 A, 2nd Floor, Arsiwala Building, 57 Wadehose Road, Colaba, Mumbai-400005, Maharashtra, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	shreeganeshhosiery@hotmail.com

DIRECTORS

As on 31.03.2015

Name :

Mr. Jodharam Dungaram Dhaka

Designation :

Director

Address :

Village Ganeshpura, Po Losal Chhoti, Sikar-332025, Rajasthan, India

Date of Birth/Age :

15.10.1960

Date of Appointment :

15.02.2007

DIN No.:

01216102

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	U18100MH1992PTC066806	AKASH FABRICS PRIVATE LIMITED	Director	31/01/2000	31/01/2000	-	Active	NO
2	U18101MH1989PTC052705	DELUX POLYMERS PRIVATE LIMITED	Director	25/02/2000	25/02/2000	-	Active	NO
3	U23200MH1989PTC053285	JAYSHREE PETROCHEMICALS PRIVATE LIMITED	Director	25/02/2000	25/02/2000	-	Active	NO
4	U17119DN1994PLC000072	KRISHNA TEXPO AND FINANCIAL SERVICES LIMITED	Director	25/02/2000	25/02/2000	-	Strike off	NO
5	U74999DN1994PLC000073	KRISHNA PROCON AND FINANCE LIMITED	Director	25/02/2000	25/02/2000	-	Strike off	NO
6	U67120DN1995PLC000094	KRISHNA CREDITS AND CAPITAL LIMITED	Director	25/02/2000	25/02/2000	-	Strike off	NO
7	L17120MH1993PLC073267	ASAHI INDUSTRIES LIMITED	Director	10/04/2009	15/10/2004	19/12/2015	Active	NO
8	U65900MH1996PTC102145	COMRADE LEASE FINVEST PRIVATE LIMITED	Director	29/11/2004	29/11/2004	-	Active	NO
9	U45200MH1994PTC082828	SUMANDAR PROPERTY DEVELOPERS PRIVATE LIMITED	Director	19/01/2006	19/01/2006	15/11/2009	Active	NO
10	U45200MH1995PTC084804	CUMBALLA HILL PROPERTY DEVELOPERS PRIVATE LIMITED	Director	19/01/2006	19/01/2006	15/11/2009	Active	NO
11	U19000MH1986PTC040812	SHREE KRISHNA SILK INDUSTRIES PRIVATE LIMITED	Director	14/02/2007	14/02/2007	-	Active	NO
12	U51410MH1989PTC053187	AMBICA CHEMICALS AND SYNTHETICS PRIVATE LIMITED	Director	14/02/2007	14/02/2007	-	Active	NO
13	U18101MH1992PTC065303	SHREE GANESH HOSIERY MILLS PRIVATE LIMITED	Director	15/02/2007	15/02/2007	-	Active	NO
14	U18100MH1992PTC065946	UPASANA SILK MILLS PRIVATE LIMITED	Director	15/02/2007	15/02/2007	-	Active	NO
15	U18100MH1992PTC066805	ARCHANA SYNTEX PRIVATE LIMITED	Director	02/04/2007	02/04/2007	-	Active	NO
16	U45202DN2006PTC000209	CUPID ESTATECON PRIVATE LIMITED	Director	19/09/2009	23/12/2008	-	Active	NO
17	U74900MH2009PTC194140	EMERGING MULTITRADE PRIVATE LIMITED	Director	26/09/2014	15/11/2013	-	Active	NO
18	U45201MH2006PTC165340	ENCARE TEXTILES AND PROPERTIES PRIVATE LIMITED	Director	01/12/2013	01/12/2013	-	Active	NO

Name :

Mr. Shivprasad Shrivastav

Designation :

Director

Address :

Sangam Niwas, Room No.14,, Ambica Nagar, Gograswadi, Dombivali (East), Thane-421204, Maharashtra, India

Date of Birth/Age :

05.02.1959

Date of Appointment :

12.06.2007

DIN No.:

01455458

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	U17119DN1994PLC000072	KRISHNA TEXPO AND FINANCIAL SERVICES LIMITED	Director	25/02/2000	25/02/2000	-	Strike off	NO
2	U74999DN1994PLC000073	KRISHNA PROCON AND FINANCE LIMITED	Director	25/02/2000	25/02/2000	-	Strike off	NO
3	U67120DN1995PLC000094	KRISHNA CREDITS AND CAPITAL LIMITED	Director	25/02/2000	25/02/2000	-	Strike off	NO
4	U18100MH1992PTC065946	UPASANA SILK MILLS PRIVATE LIMITED	Director	28/03/2002	28/03/2002	-	Active	NO
5	U18100MH1992PTC066805	ARCHANA SYNTEX PRIVATE LIMITED	Director	31/03/2003	31/03/2003	-	Active	NO
6	U65900MH1996PTC102145	COMRADE LEASE FINVEST PRIVATE LIMITED	Director	29/11/2004	29/11/2004	-	Active	NO
7	U51410MH1989PTC053187	AMBICA CHEMICALS AND SYNTHETICS PRIVATE LIMITED	Director	12/06/2007	12/06/2007	-	Active	NO
8	U18101MH1992PTC065303	SHREE GANESH HOSIERY MILLS PRIVATE LIMITED	Director	12/06/2007	12/06/2007	-	Active	NO
9	U99999DN1991PTC000131	SOVOTEX TEXTILES PRIVATE LIMITED	Director	12/06/2007	12/06/2007	-	Active	NO
10	U19000MH1986PTC040812	SHREE KRISHNA SILK INDUSTRIES PRIVATE LIMITED	Director	28/09/2007	10/07/2007	-	Active	NO
11	L17120MH1993PLC073267	ASAHI INDUSTRIES LIMITED	Director	10/04/2009	10/04/2009	17/12/2015	Active	NO
12	U70100MH2006PTC159021	PRANETA REALTY PRIVATE LIMITED	Director	22/09/2011	08/07/2011	-	Active	NO
13	U29130DN2007PTC000237	ENNORE ENGINEERING PRIVATE LIMITED	Director	24/09/2011	08/07/2011	-	Active	NO
14	U23200MH1989PTC053285	JAYSHREE PETROCHEMICALS PVT LTD	Director	29/09/2012	16/02/2012	-	Active	NO
15	L74999DN1987PLC000035	K-LIFESTYLE & INDUSTRIES LIMITED	Director	14/07/2012	21/02/2012	08/12/2015	Active	NO
16	U45200MH1994PTC082828	SUMANDAR PROPERTY DEVELOPERS PRIVATE LIMITED	Director	09/09/2014	01/10/2013	-	Active	NO
17	U18101MH1989PTC052705	DELUX POLYMERS PRIVATE LIMITED	Director	30/09/2014	27/01/2014	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders		No. of Shares
Jyotika S Tayal		5510
Aditya Tayal		1500
Akash Tayal		1510
Malvika Sanjay Kumar Tayal		1500
Total		10020

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Other top fifty shareholders	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Trading in Knitted, Fabrics and Textiles. (Registered Activity)

Products :

Item Code No.	Product Description
99611319	Other Yarn and fabrics

Cloths, Garment (T-Shirts)

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Not Available

Terms :

Not Available

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Not Available

Bankers :

Bank Name	Not Available
Branch	Not Available
Person Name (With Designation)	Not Available
Contact Number	Not Available
Name of Account Holder	Not Available
Account Number	Not Available
Account Since (Date/Year of Account Opening)	Not Available
Average Balance Maintained (If Possible)	Not Available
Credit Facilities Enjoyed (If any)	Not Available
Account Operation	Not Available
Remarks (If any)	Not Available

Auditors :
Name :	Koshal Gupta and Company Chartered Accountants
Address :	B-911, Ganpati Tower, Dattani Park, Thakur Village, Mumbai-400101, Maharashtra, India
PAN N Income-tax PAN of auditor or auditor's firm :	AJSPG5009N

Memberships :	--

Collaborators :	--

Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 31.03.2015

Authorised Capital :

No. of Shares	Type	Value	Amount

50000	Equity Shares	Rs.10/- each	Rs. 0.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

10020	Equity Shares	Rs.10/- each	Rs. 0.100 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	0.100	0.100	0.100
(b) Reserves & Surplus	(9.807)	(5.176)	(4.612)
(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)	(9.707)	(5.076)	(4.512)

(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	0.000	0.000	0.000

(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	1209.549	1210.671	1215.035
(c) Other current liabilities	0.000	0.000	0.000
(d) Short-term provisions	0.005	0.000	0.063
Total Current Liabilities (4)	1209.554	1210.671	1215.098

TOTAL	1199.847	1205.595	1210.586

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	3.655	8.273	9.653
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	18.576	18.577	18.576
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	896.406	896.406	896.406
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	278.988	279.461	280.379
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	1197.625	1202.717	1205.014

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	2.129	2.747	5.348
(d) Cash and cash equivalents	0.093	0.131	0.224
(e) Short-term loans and advances	0.000	0.000	0.000
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	2.222	2.878	5.572

TOTAL	1199.847	1205.595	1210.586

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2015	31.03.2014	31.03.2013
	SALES
		Income	1.122	242.440	301.982
		Other Income	0.000	0.000
		TOTAL (A)	1.122	242.440	301.982

Less	EXPENSES
		Cost of Materials Consumed	1.090	236.006
		Other expenses	0.044	0.143
		TOTAL (B)	1.134	236.149	302.358 (including financial and depreciation expenses)

	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)		(0.012)	6.291

Less	FINANCIAL EXPENSES (D)		0.000	5.475

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(0.012)	0.816

Less/ Add	DEPRECIATION/ AMORTISATION (F)		4.155	1.380

	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		(4.167)	(0.564)	(0.376)

Less	TAX (H)		0.000	0.000	0.000

	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		(4.167)	(0.564)	(0.376)

	Earnings / (Loss) Per Share (Rs.)		(415.86)	(56.34)	(37.52)

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	NA	NA	NA
Net cash flows from (used in) operation	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	(371.39)	(0.23)	NA

Operating Profit Margin (PBIDT/Sales)	(%)	(1.07)	2.59	NA

Return on Total Assets (PBT/Total Assets}	(%)	(1.46)	(0.19)	(0.13)

Return on Investment (ROI) (PBT/Networth)		0.43	0.11	0.08

Debt Equity Ratio (Total Debt /Networth)		0.00	0.00	0.00

Current Ratio (Current Asset/Current Liability)		0.00	0.00	0.00

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	0.100	0.100	0.100
Reserves & Surplus	(4.612)	(5.176)	(9.807)
Net worth	(4.512)	(5.076)	(9.707)

long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.000	0.000	0.000
Debt/Equity ratio	0.000	0.000	0.000

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	301.982	242.440	1.122
		(19.717)	(99.537)

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	301.982	242.440	1.122
Profit	(0.376)	(0.564)	(4.167)
	(0.12%)	(0.23%)	(371.39%)

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	Yes
6]	Contact numbers	No
7]	Name of the person contacted	No
8]	Designation of contact person	No
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	No
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 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

OBSERVATION DETAILS

Address :	Unit No. 34 A, 2nd Floor, Arsiwala Building, 57 Wadehose Road, Colaba, Mumbai-400005, Maharashtra
Name board :	Not Sighted
Location :	Very difficult
Landmark :	Opposite Wadehouse Bus Stop
Total floors of building	2
Locality :	Residential
Area :	Neutral
Proof of visit :	Photograph

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	90165348	17/12/1999 *	9,000,000.00	STATE BANK OF INDORE	DADAR WEST BRANCH, Y, MUMBAI, Maharashtra - 400028, INDIA	-
2	90165309	07/01/1999	500,000.00	STATE BANK OF INDORE	DYAN SAGAR R.B.S.K. BOLE ROAD DADAR WEST BRANCH, MUMBAI, Maharashtra - 400028, INDIA	-
3	90165223	01/09/1997 *	5,600,000.00	BANK OF INDIA	NEW PANVEL BRANCH SHOP NO. 15-16-17-18 SEC. 18, CIDCO COLONY, NEW PANVEL, Maharashtra - 410206, INDIA	-

* Date of charge modification

FIXED ASSETS

Plant and equipment
Air conditioner
Motor Car
Office equipment

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.66.20
UK Pound	1	Rs.98.29
Euro	1	Rs.72.41

INFORMATION DETAILS

Information Gathered by :	SVA

Analysis Done by :	DIV

Report Prepared by :	JYTK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILITY	1~10	--
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	2
--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		12

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.

MIRA INFORM REPORT

INDEX OF CHARGES

Unit