MIRA INFORM REPORT

Report No. :	308663
Report Date :	18.02.2015

IDENTIFICATION DETAILS

Name :	HOTZ INDUSTRIES LIMITED
Registered Office :	703-706, Chiranjiv Tower, 43, Nehru Place, New Delhi - 110019
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	31.07.1952
Com. Reg. No.:	55-055971
Capital Investment / Paid-up Capital :	Rs. 53.400 Millions
CIN No.: [Company Identification No.]	U74899DL1952PLC055971
TAN No.: [Tax Deduction & Collection Account No.]	DELH03920A
PAN No.: [Permanent Account No.]	AAACH0092G
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer and Exporter of Textiles, Industrial Gases and also Dealing in Securities and also Providing Hospitality and Financial Services.
No. of Employees :	300 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is a well-established company having satisfactory track record. Profitability of the company is fair. Overall financial of the company is decent. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual trade terms and conditions.

NOTES :

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

ECGC Country Risk Classification List – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
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

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 31-03-2014.

INFORMATION PARTED BY (GENERAL DETAILS)

Name :	Mr. Dinesh Mathur
Designation :	Deputy HR Manager
Contact No.:	91-120-4502200
Date :	17.02.2015

LOCATIONS

Registered Office :	703-706, Chiranjiv Tower, 43, Nehru Place, New Delhi – 110019, India
Tel. No.:	91-11-26447971
Mobile No.:	91-9811282780 (Mr. Pradeep)
Fax No.:	91-11-26447964
E-Mail :	info@hotzinc.com vsankar@hotzinc.com
Website :	http://www.hotzinc.com
Head Office :	32, Hanuman Road, New Delhi – 110001, India
Tel. No.:	91-11-23347130/ 23340596/ 23361217
Fax No.:	91-11-23363861
Factory :	Udyog Vihar, Surajpur, Near Pepsi Plant, Kasna Road, Greater Noida – 201306, Uttar Pradesh, India
Tel. No.:	91-120-4502200
Fax No.:	91-120-4502222

DIRECTORS

AS ON 27.09.2014

Name :

Mr. Anil Kumar Sarin

Designation :

Director

Address :

C-13, Friends Colony, New Delhi - 110065, India

Date of Birth/Age :

05.07.1947

Date of Appointment :

30.09.2010

DIN No.:

00858798

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	U74899DL1985PTC022682	ALGAE BIO-EXTRACTS PRIVATE LIMITED	Director	11/09/1993	11/09/1993	-	Strike off	NO
2	U74899DL1995PTC064652	SEAWEEDS BIOTECH PRIVATE LIMITED	Director	23/01/1995	23/01/1995	-	Strike off	NO
3	U74899DL1995PTC070146	A.K. SARIN FINVEST PRIVATE LIMITED	Director	23/06/1995	23/06/1995	-	Active	NO
4	U74899DL1996PLC076838	SECURITIES ONE (INDIA) LIMITED	Managing director	09/07/2011	22/05/1996	-	Active	NO
5	U65921DL1996PTC080322	V SARIN FINVEST PRIVATE LIMITED	Director	12/07/1996	12/07/1996	-	Strike off	NO
6	U67120DL1997PLC088389	INVEST ONE INDIA LIMITED	Director	07/07/1997	07/07/1997	29/02/2008	Active	NO
7	U73200DL1981PLC012417	DURANT REFRIGERATION LIMITED	Director	14/05/2003	14/05/2003	-	Active	NO
8	U74899DL1952PLC055971	HOTZ INDUSTRIES LIMITED	Director	30/09/2010	28/01/2010	-	Active	NO
9	U99999DL1961PLC003570	FRIENDS CLUB LIMITED	Director	29/09/2013	29/09/2013	-	Active	NO

Name :

Mrs. Manju Jain

Designation :

Director

Address :

32 Hanuman Road, New Delhi - 110001, India

Date of Birth/Age :

30.06.1953

Date of Appointment :

18.03.1994

DIN No.:

01082524

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	U52110DL1987PLC026794	TRIUMPH TRADING LIMITED	Managing director	01/04/2012	18/01/1988	-	Active	NO
2	U51503DL1987PLC026795	TRIUMPH ENGINGERING LIMITED	Director	12/02/1994	12/02/1994	-	Active	NO
3	U74899DL1994PTC057580	CORONET HOLDINGS PRIVATE LIMITED	Director	25/02/1994	25/02/1994	-	Active	NO
4	U74899DL1952PLC055971	HOTZ INDUSTRIES LIMITED	Director	18/03/1994	18/03/1994	-	Active	NO
5	U73200DL1981PLC012417	DURANT REFRIGERATION LIMITED	Director	04/05/1994	04/05/1994	-	Active	NO
6	U67120DL1997PLC088389	INVEST ONE INDIA LIMITED	Director	07/07/1997	07/07/1997	-	Active	NO
7	U51397DL1997PLC089711	RTC RESTAURANTS (INDIA) LIMITED	Director	28/09/2013	16/09/1997	01/07/2014	Active	NO
8	U01122DL1996PTC078472	AVIJIT FARMS PRIVATE LIMITED	Director	12/02/1998	12/02/1998	27/08/2010	Active	NO
9	U74899DL1998PLC096792	TRIUMPH PROPERTIES LIMITED	Managing director	01/04/2012	02/11/1998	-	Active	NO
10	U74900DL1999PLC098461	DURANT (INDIA) LIMITED	Director	18/02/1999	18/02/1999	-	Active	NO
11	U45200DL2003PLC122368	TRR PROPERTIES LIMITED	Director	22/12/2003	22/12/2003	-	Active	NO

Name :

Mrs. Sonali Jain

Designation :

Whole-time director

Address :

32 Hanuman Road, New Delhi - 110001, India

Date of Birth/Age :

02.12.1974

Date of Appointment :

01.04.2012

DIN No.:

01082598

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	Company/ LLP Status	Defaulting status
1	U51397DL1997PLC089711	RTC RESTAURANTS (INDIA) LIMITED	Director	16/09/1997	16/09/1997	Active	NO
2	U74899DL1952PLC055971	HOTZ INDUSTRIES LIMITED	Whole-time director	01/04/2012	01/04/2004	Active	NO
3	U80903DL2009PLC189590	PLAYFUL MINDS ENRICHMENT LIMITED	Director	20/09/2011	01/09/2011	Active	NO

Name :

Mr. Gaurav Jain

Designation :

Managing director

Address :

32, Hanuman Road, New Delhi - 110001, India

Date of Birth/Age :

02.12.1974

Date of Appointment :

01.04.2012

DIN No.:

01102313

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	U74899DL1952PLC055971	HOTZ INDUSTRIES LIMITED	Managing director	01/04/2012	28/08/1997	-	Active	NO
2	U51397DL1997PLC089711	RTC RESTAURANTS (INDIA) LIMITED	Managing director	01/03/2011	16/09/1997	-	Active	NO
3	U01122DL1996PTC078472	AVIJIT FARMS PRIVATE LIMITED	Director	12/02/1998	12/02/1998	27/08/2010	Active	NO
4	U74900DL1999PLC098461	DURANT (INDIA) LIMITED	Director	18/02/1999	18/02/1999	-	Active	NO
5	U45200DL2003PLC122368	TRR PROPERTIES LIMITED	Director	22/12/2003	22/12/2003	-	Active	NO
6	U74899DL2005PLC139922	LIFELINE PHARMACIES (INDIA ) LIMITED	Director	24/08/2005	24/08/2005	-	Amalgamated	NO
7	U55202DL2005PLC140593	RTC FOODWORKS LIMITED	Director	09/09/2005	09/09/2005	-	Amalgamated	NO
8	U70109DL2006PTC149828	WALKER HOLDINGS PRIVATE LIMITED	Director	15/09/2006	15/09/2006	-	Active	NO
9	U55101DL1982PTC014476	ASHWIN HOLDNGSPRIVATE LIMITED	Director	15/11/2006	15/11/2006	-	Active	NO
10	U55101DL1952PLC002161	HOTEL AND RESTAURANT ASSOCIATION OF NORTHERN INDIA..	Director	26/09/2008	26/09/2008	27/09/2012	Active	NO
11	U80903DL2009PLC189590	PLAYFUL MINDS ENRICHMENT LIMITED	Director	22/04/2009	22/04/2009	-	Active	NO
12	U14200DL2010PTC205591	A & A MINES AND MINERALS PRIVATE LIMITED	Director	09/07/2010	09/07/2010	-	Active	NO
13	U74899DL1998PLC096792	TRIUMPH PROPERTIES LIMITED	Director	07/08/2012	15/10/2011	-	Active	NO
14	U74994DL2012PLC245513	NATURE MORTE ART LIMITED	Director	30/11/2012	30/11/2012	-	Active	NO
15	U67120DL1997PLC088389	INVEST ONE INDIA LIMITED	Director	05/08/2014	09/05/2014	-	Active	NO

Name :

Mr. Ashok Kapoor

Designation :

Director

Address :

36 Yashodham Enclave, Film City Road, Goregaon (East), Mumbai - 400063, Maharashtra, India

Date of Birth/Age :

26.02.1949

Date of Appointment :

25.09.2009

DIN No.:

01217053

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	U74899DL1996PLC076838	SECURITIES ONE (INDIA) LIMITED	Director	22/05/1996	22/05/1996	07/11/2009	Active	NO
2	U67120DL1997PLC088389	INVEST ONE INDIA LIMITED	Director	07/07/1997	07/07/1997	-	Active	NO
3	U51397DL1997PLC089711	RTC RESTAURANTS (INDIA) LIMITED	Director	18/03/2003	18/03/2003	28/09/2013	Active	NO
4	U74899DL1952PLC055971	HOTZ INDUSTRIES LIMITED	Director	25/09/2009	17/02/2009	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Dinesh Mathur
Designation :	Deputy HR Manager
Name :	Mr. Yashwant Kishore Mathur
Designation :	Secretary
Address :	A-45/11, DLF City Phase I, Gurgaon - 112201, Haryana, India
Date of Birth/Age :	10.01.1941
Date of Appointment :	09.10.2001
PAN No.:	AAAPM1910F

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 27.09.2014

Names of Shareholders	No. of Shares
Uggar Sain	672
Arun Kumar Jain	1152
Manju Jain	552
Gaurav Jain	3192
Sonali Jain	816
Durant Refrigeration Limited, India	171984
Triumph Trading Limited, India	200640
Triumph Engineering Limited, India	151224
Tims Anne Patricia	480
Lean Louise Sandra	3288
Total	534000

AS ON 27.09.2014

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	98.10
Directors or relatives of directors	1.20
Other top fifty shareholders	0.70
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of Textiles, Industrial Gases and also Dealing in Securities and also Providing Hospitality and Financial Services.
Brand Names :	--
Agencies Held :	--
Exports :
Products :	Textiles
Countries :	· Bangladesh
Imports :
Products :	--
Countries :	--
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

PRODUCTION STATUS (AS ON 31.03.2014)

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Yarn Dyeing	Kg	Not required	1200000	352383
Knitting Fabrics	Kg	Not required	300000	477428

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

Customers :

Wholesalers, Retailers and Manufacturer

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

No. of Employees :

300 (Approximately)

Bankers :

Bank Name:	Corporation Bank
Branch:	Greater Noida, Uttar Pradesh, 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 A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks: Not Divulged

· The Catholic Syrian Bank Limited

New Delhi Branch, G-36,Connaught Circus, New Delhi - 110001, Delhi, India

· HDFC Bank Limited

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Millions)	31.03.2013 (Rs. In Millions)
LONG-TERM BORROWINGS
Term Loans From Banks [Secured by hypothecation of Machinery and Cars]	1.864	2.621
Less: Current Maturities of long term debts	0.843	0.753
	1.021	1.868
SHORT TERM BORROWINGS
From Banks Overdraft facility	54.809	16.689
Total	55.830	18.557

Auditors :
Name :	V. Sankar Aiyar Company Chartered Accountants
Address :	Flat No. 202, 203 and 301, Satyam Cinema Complex, Ranjit Nagar Community Centre, New Delhi – 110008, India
Income-tax PAN of auditor or auditor's firm :	AAAFV0781D
Associate Company :	Coronet Holdings Private Limited
Subsidiary Companies :	· TRR Properties Limited [U45200DL2003PLC122368] · RTC Restaurants (India) Limited [U51397DL1997PLC089711] · Motif Financial Consultants Limited [U74140DL2006PLC150935] · Triumph Properties Limited [U74899DL1998PLC096792] · Nature Morte Art Limited [U74994DL2012PLC245513] · Durant (India) Limited [U74900DL1999PLC098461] · Playful Minds Enrichment Limited [U80903DL2009PLC189590]

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
600,000	Equity Shares	Rs. 100/- each	Rs. 60.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
534,000	Equity Shares	Rs. 100/- each	Rs. 53.400 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

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	53.400	53.400	53.400
(b) Reserves & Surplus	1533.373	1526.374	1499.306
(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)	1586.773	1579.774	1552.706
(3) Non-Current Liabilities
(a) Long-term borrowings	1.021	1.868	2.621
(b) Deferred tax liabilities (Net)	16.032	17.217	17.794
(c) Other long term liabilities	3.126	3.517	3.517
(d) long-term provisions	4.970	3.669	5.776
Total Non-current Liabilities (3)	25.149	26.271	29.708
(4) Current Liabilities
(a) Short term borrowings	56.967	20.144	29.973
(b) Trade payables	8.195	17.713	6.449
(c) Other current liabilities	16.791	18.727	21.299
(d) Short-term provisions	3.761	3.699	3.736
Total Current Liabilities (4)	85.714	60.283	61.457
TOTAL	1697.636	1666.328	1643.871
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	319.884	339.968	358.924
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	92.081	90.506	83.639
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	465.318	423.371	374.878
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	877.283	853.845	817.441
(2) Current assets
(a) Current investments	507.446	536.442	547.310
(b) Inventories	31.465	39.189	25.656
(c) Trade receivables	30.493	22.352	31.583
(d) Cash and cash equivalents	143.122	139.337	131.560
(e) Short-term loans and advances	98.282	68.605	84.434
(f) Other current assets	9.545	6.558	5.887
Total Current Assets	820.353	812.483	826.430
TOTAL	1697.636	1666.328	1643.871

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Revenue from Operations	257.464	213.326	233.962
		Other Income	45.881	96.172	91.292
		TOTAL (A)	303.345	309.498	325.254
Less	EXPENSES
		Cost of Materials Consumed	121.964	120.146	104.568
		Purchases of Stock-in-Trade	0.162	0.150	0.082
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	4.768	(12.665)	13.488
		Employees benefits expense	45.366	46.907	43.111
		Other expenses	91.376	96.511	110.879
		Provision for Standard Assets	0.150	1.200	0.000
		Provision for bad and doubtful debts/ advances as per RBI direction	0.226	(4.209)	(3.238)
		TOTAL (B)	264.012	248.040	268.890
	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		39.333	61.458	56.364
Less	FINANCIAL EXPENSES (D)		5.113	3.495	4.805
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		34.220	57.963	51.559
Less/ Add	DEPRECIATION/ AMORTISATION (F)		22.402	22.974	22.188
	PROFIT BEFORE TAX (E-F) (G)		11.818	34.989	29.371
Less	TAX (H)		1.070	4.223	3.877
	PROFIT AFTER TAX (G-H) (I)		10.748	30.766	25.494
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings [FOB Basis]	121.701	71.938	21.010
	IMPORTS
		Stores	0.809	0.000	0.000
		Components & Spare Parts	0.000	0.662	0.876
	TOTAL IMPORTS		0.809	0.662	0.876
	Earnings Per Share (Rs.)		20	58	48

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	4.17	14.42	10.90
Operating Profit Margin (PBDIT/Sales)	(%)	15.28	28.81	24.09
Return on Total Assets (PBT/Total Assets}	(%)	0.74	2.22	1.88
Return on Investment (ROI) (PBT/Networth)		0.01	0.02	0.02
Debt Equity Ratio (Total Debt/Networth)		0.04	0.01	0.02
Current Ratio (Current Asset/Current Liability)		9.57	13.48	13.45

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particulars	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	53.400	53.400	53.400
Reserves & Surplus	1499.306	1526.374	1533.373
Net worth	1552.706	1579.774	1586.773
Long-term borrowings	2.621	1.868	1.021
Short term borrowings	29.973	20.144	56.967
Total borrowings	32.594	22.012	57.988
Debt/Equity ratio	0.021	0.014	0.037

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	233.962	213.326	257.464
		-8.820	20.690

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	233.962	213.326	257.464
Profit	25.494	30.766	10.748
	10.90%	14.42%	4.17%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

UNSECURED LOANS

PARTICULARS	31.03.2014 (Rs. In Millions)	31.03.2013 (Rs. In Millions)
SHORT TERM BORROWINGS
From Bodies corporate [Repayable on demand]	2.158	3.455
Total	2.158	3.455

CHANGE OF ADDRESS:

The Registered Office of the company has been shifted from 703, Chiranjiv Tower, 43, Nehru Place, New Delhi – 110019, India to the present address w.e.f.08.03.2013

FIXED ASSETS:

· Land

· Buildings

· Plant and Machinery

· Furniture and Fixture

· Office Equipments

· Vehicles

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. 62.25
UK Pound	1	Rs. 95.57
Euro	1	Rs. 71.01

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	SUM
Report Prepared by :	BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	4
--RESERVES	1~10	5
--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		45

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.