MIRA INFORM REPORT

Report No. :	309478
Report Date :	26.02.2015

IDENTIFICATION DETAILS

Name :	SUMRAT WIRES PRIVATE LIMITED
Registered Office :	205/206, Devavrata, Sector 17, Vashi, Navi Mumbai – 400705, Maharashtra
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	06.04.2010
Com. Reg. No.:	11-201776
Capital Investment / Paid-up Capital :	Rs.30.000 Million
CIN No.: [Company Identification No.]	U27100MH2010PTC201776
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 :	The company is engaged in the business of manufacturing and job work of Alloys Steel Wire.
No. of Employees :	60 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (27)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 172000
Status :	Moderate
Payment Behaviour :	Slow But Correct
Litigation :	Clear
Comments :	Subject is a successor of Samrat Wires and Steels partnership concern incorporated during the year 2005 and later in 6^th April, 2010 it got converted into Samrat Wires private limited. It is having moderate track record. Mr. Yash Desai (Account Manager) has provided us with all information. Reserves of the company seems to be low during 2014. The company has also incurred loss from its operations. However, Trade relations are fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for business dealing with some cautions.

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

Rating Agency Name	CARE
Rating	Long Term Bank Facilities = BB- (Suspended)
Rating Explanation	Have Moderate risk of default.
Date	21.03.2013

Rating Agency Name	CARE
Rating	Short Term Bank Facilities = A4 (Suspended)
Rating Explanation	Have Minimal Degree of safety and carry very high credit risk.
Date	21.03.2013

Reason for Suspension:

The ratings have been suspended as the company has not furnished the information required by CARE for monitoring of the rating.

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. Yash Desai
Designation :	Account Manager
Contact No.:	91-9987115315
Date :	24.02.2015

LOCATIONS

Registered Office / Administration Office :	205/206, Devavrata, Sector 17, Vashi, Navi Mumbai – 400705, Maharashtra, India
Tel. No.:	91-22-27897328/29
Mobile No.:	91-9987115315 (Mr. Yash)
Fax No.:	91-22-27897319
E-Mail :	accounts@samratwires.com marketing@samratwires.com samratwires@rediffmail.com
Website :	http://www.samratwires.com
Factory :	Sy. No. 202-204, 206-210, Village Dheku, Taluka Khalapur, Khopoli District Raigad - 402305, Maharashtra, India
Tel. No.:	91-2192-268501 / 269060
Fax No.:	91-2192-2614666

DIRECTORS

As on 28.09.2013

Name :

Brij Bhagwandas Tapadiya

Designation :

Director

Address :

S No. 132/2+3 CTS No.1336, P No.14, Gulmohar Park, Pune, Aundh- 411007, Maharashtra, India

Date of Birth/Age :

25.02.1964

Date of Appointment :

06.04.2010

DIN No.:

00468346

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	U28999MH1975PTC023574	PRESTRESS (INDIA) PRIVATE LIMITED	Director	01/01/80	01/01/80	-	Amalgamated	NO
2	U20103MH1985PTC037891	PERMANENT PRESTRESS PRIVATE LIMITED	Director	30/09/86	30/09/86	-	Amalgamated	NO
3	U74999MH1985PTC035846	BEE TEE ENERGY PRIVATE LIMITED	Director	22/02/88	22/02/88	-	Amalgamated	NO
4	U26956MH1977PTC019970	VAMAN PRESTRESSING COMPANY PRIVATE LIMITED	Additional director	22/08/14	20/09/88	-	Active	NO
5	U20103MH1981PTC023886	KAPRECON SLEEPER WORKS PRIVATE LIMITED	Director	12/02/89	12/02/89	-	Active	NO
6	U01122MH1994PTC185445	VISHAL NIRMITI PRIVATE LIMITED	Additional director	22/08/14	30/06/94	-	Active	NO
7	U27104PN1997PTC105688	SUYASH UDYOG PRIVATE LIMITED	Director	06/02/97	06/02/97	01/10/13	Active	NO
8	U76956MH1985PTC037776	MARATHWADA PRESTRESS PRIVATE LTD	Director	13/06/00	13/06/00	-	Amalgamated	NO
9	U74210MH2002PTC138027	Shivansh Engineers and Consultants Private Limited	Director	28/11/02	28/11/02	-	Active	NO
10	U65910TG1996PLC024748	SHAKTHI INFRASTRUCTURE INVESTMENTS AND LEASING LIMITED	Director	02/04/04	02/04/04	-	Dormant	NO
11	U26959TG2007PTC092551	ICON SLEEPER TRACK PRIVATE LIMITED	Director	28/08/07	28/08/07	30/03/12	Active	NO
12	U24110MH1988PTC181997	CCI PRESTRESSTIES PRIVATE LIMITED	Director	29/09/07	29/09/07	-	Amalgamated	NO
13	U27100MH2010PTC201776	SAMRAT WIRES PRIVATE LIMITED	Director	06/04/10	06/04/10	-	Active	NO
14	U52399PN2011PTC138933	SUYASH MART PRIVATE LIMITED	Director	21/03/11	21/03/11	-	Active	NO
15	U52399PN2011PTC140446	BONSAII MART PRIVATE LIMITED	Director	11/08/11	11/08/11	-	Active	NO
16	U26900PN2013PTC149243	NATRAJ PRESTRESS CONCRETE PRIVATE LIMITED	Additional director	15/01/14	15/01/14	-	Active	NO
17	U45200TG2007PTC055748	RAGHAVENDRA RAIL INFRASTRUCTURE PRIVATE LIMITED	Director	26/03/14	26/03/14	-	Active	NO

Name :

Sampatkumar Shankarlal Gilada

Designation :

Director

Address :

No.1-10/5 Khuba Plots, Gulbarga, Gulbarga – 585102, Karnataka, India

Date of Birth/Age :

26.10.1965

Date of Appointment :

06.04.2010

DIN No.:

02144736

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	L65910KA1994PLC015981	GILADA FINANCE AND INVESTMENTS LIMITED	Director	08/06/1995	08/06/1995	-	Active	NO
2	U85110KA1995PTC018188	RAJVAIBHAV ENTERPRISES PRIVATE LIMITED	Director	03/07/1995	03/07/1995	-	Active	NO
3	U70109KA1994PLC015481	SRI SHAKTI LAND DEVELOPERS AND CONSTRUCTIONS COMPANY LIMITED	Director	30/09/1997	30/09/1997	-	Active	NO
4	U67120KA1999PTC025546	SHANKARLAL GILADA & SONS PRIVATE LIMITED	Director	27/11/2000	27/11/2000	-	Active	NO
5	U40101KA1997PTC021821	VIJAYALAKSHMI HYDRO POWER PRIVATE LIMITED	Director	15/05/2001	15/05/2001	-	Active	NO
6	U40100MH2003PTC138827	SAHYADRI RENEWABLE ENERGY PRIVATE LIMITED	Director	30/09/2008	15/03/2008	-	Active	NO
7	U31101MH2001PTC131856	KRISHNA VALLEY POWER PRIVATE LIMITED	Director	30/09/2008	15/03/2008	-	Active	NO
8	U27100MH2010PTC201776	SAMRAT WIRES PRIVATE LIMITED	Director	06/04/2010	06/04/2010	-	Active	NO
9	U40101KA2004PTC033382	SRM POWER PRIVATE LIMITED	Managing director	30/09/2011	09/03/2011	-	Active	NO
10	U01403KA2012PTC064403	YASH PROTEINS PRIVATE LIMITED	Director	15/06/2012	15/06/2012	-	Active	NO
11	AAA-2804	SIDDHI FERROUS LLP	Designated Partner	15/11/2010	15/11/2010	-	Active	NO
12	AAA-3039	GILADA INDUSTRIAL ENTERPRISE LLP	Designated Partner	08/12/2010	08/12/2010	-	Active	NO

Name :

Ajay Bhagwandas Tapadiya

Designation :

Director

Address :

Shivam 14 Off ITI Road, Gulmohar Park, Aundh – 411007, Pune, Maharashtra, India

Date of Birth/Age :

15.05.1971

Date of Appointment :

06.04.2010

DIN No.:

00468241

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	U01122MH1994PTC185445	VISHAL NIRMITI PRIVATE LIMITED	Director	29/03/1995	29/03/1995	-	Active	NO
2	U26956MH1977PTC019970	VAMAN PRESTRESSING COMPANY PRIVATE LIMITED	Director	18/05/1995	18/05/1995	-	Active	NO
3	U28999MH1975PTC023574	PRESTRESS (INDIA) PRIVATE LIMITED	Director	18/09/1995	18/09/1995	-	Amalgamated	NO
4	U20103MH1985PTC037891	PERMANENT PRESTRESS PRIVATE LIMITED	Director	25/03/1999	25/03/1999	-	Amalgamated	NO
5	U76956MH1985PTC037776	MARATHWADA PRESTRESS PRIVATE LTD	Director	16/04/2001	16/04/2001	-	Amalgamated	NO
6	U74999MH1985PTC035846	BEE TEE ENERGY PRIVATE LIMITED	Director	15/12/2006	15/12/2006	-	Amalgamated	NO
7	U27104PN1997PTC105688	SUYASH UDYOG PRIVATE LIMITED	Director	29/09/2009	06/04/2009	01/10/2013	Active	NO
8	U27100MH2010PTC201776	SAMRAT WIRES PRIVATE LIMITED	Director	06/04/2010	06/04/2010	-	Active	NO
9	U52399PN2011PTC138933	SUYASH MART PRIVATE LIMITED	Director	21/03/2011	21/03/2011	-	Active	NO
10	U26900PN2013PTC149243	NATRAJ PRESTRESS CONCRETE PRIVATE LIMITED	Director	23/10/2013	23/10/2013	-	Active	NO

Name :

Vinit Shreeballabh Lohia

Designation :

Director

Address :

32-B Neel Gagan, 4 Bungalows, Andheri West, Mumbai, Mumbai – 400053, Maharashtra, India

Date of Birth/Age :

21.12.1979

Date of Appointment :

06.04.2010

DIN No.:

02847200

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 28.09.2013

Names of Shareholders	No. of Shares
Vinit Shreeballabh Lohia	75000
Sampatkumar Shankarlal Gilada	12150
Ajay Bhagwandas Tapadiya	2500
Vaibhav Rajgopal Gilada	12150
Asha Tapadiya	2500
Rajgopal S Gilada HUF	12125
Brij Tapadiya	2500
Naveen Tapadiya	2500
Vaman Prestressing Company Private Limited, India	178575
Total	300000

Equity Share Break up (Percentage of Total Equity)

As on 28.09.2013

Category	Percentage
Bodies corporate	60.00
Directors or relatives of Directors	40.00
Total	100.00

BUSINESS DETAILS

Line of Business :	The company is engaged in the business of manufacturing and job work of Alloys Steel Wire.
Products :	52100/EN31 SAE 8620 1541/EN8D 4140 10B21/15B25 15B41 C1008/1010/1015 EQ CHQ MS/LC HB HHB
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :
Products :	Finished Good
Countries :	Spain USA
Imports :	Not Available
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

PRODUCTION STATUS : NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Usha Martyn - Jamshedpur
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 :

• Sundaram Fasteners Limited - Chennai
• Caparo fasteners, India
• SKS Fasteners, Pune (India) : Major Supplier to Mahindra & Mahindra, TELCO, Tata Motors
• Maharashtra Fasteners Private Limited, Pune : Major Supplier to Mahindra & Mahindra, BAJAJ
• Aurangabad Electricals Private Limited, Aurangabad: Major Supplier to Bajaj, TATA Motors
• Simmonds Marshall, Pune ( India): : Major Supplier to BAJAJ, Honda Motors, Eicher
• Hindustan Fasteners, Precision Forgings, Nashik, Maharashtra
• Forward Precision (Tolia Group), Thane, Maharashtra

No. of Employees :

60 (Approximately)

Bankers :

Bank Name	State Bank of Hyderabad
Branch	87, M. G. Road, New India Assurance Building, Fort Mumbai
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

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Term Loans From Banks - From State Bank Of Hyderabad	17.835	27.969
Term Loan From Others - Tata Motors Finance Limited Hypothecation of Vehicle	0.000	0.025
Kotak Mahindra Prime Limited Hypothecation of Vehicle	0.105	0.687
Short-term borrowings
(i) Cash Credit from banks State Bank of Hyderabad	50.855	38.025
Total	68.795	66.706

Auditors :
Name :	Marda and Associates Chartered Accountants
Address :	8 Jay Apartments, 1098/14, Model Colony, Pune – 411016, Maharashtra, India
PAN N Income-tax PAN of auditor or auditor's firm :	ABNPM9529Q
Memberships :	Not Available
Collaborators :	Not Available
Holding Company / Associate:	Vaman Prestressing Company Private Limited U26956MH1977PTC019970
Associates :	Vishal Nirmiti Private Limited Prestress Wire Industries Samruddhi Industries Siddhi Ferrous LLP Steel World

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
300,000	Equity Shares	Rs.100/- each	Rs.30.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
300,000	Equity Shares	Rs.100/- each	Rs.30.000 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	30.000	30.000	5.000
(b) Reserves & Surplus	29.866	(11.182)	(1.471)
(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)	59.866	18.818	3.529
(3) Non-Current Liabilities
(a) long-term borrowings	113.274	107.642	104.149
(b) Deferred tax liabilities (Net)	-20.111	-4.389	7.132
(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)	93.163	103.253	111.281
(4) Current Liabilities
(a) Short term borrowings	50.855	38.025	47.973
(b) Trade payables	68.851	88.405	93.367
(c) Other current liabilities	14.584	12.348	13.246
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	134.290	138.778	154.586
TOTAL	287.319	260.849	269.396
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	207.852	146.225	140.221
(ii) Intangible Assets	0.000	0.000	0.347
(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	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	3.658	3.053	2.527
(e) Other Non-current assets	1.417	1.851	1.502
Total Non-Current Assets	212.927	151.129	144.597
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	16.567	38.302	53.603
(c) Trade receivables	39.045	55.206	52.741
(d) Cash and cash equivalents	12.114	9.884	9.446
(e) Short-term loans and advances	6.474	6.050	8.451
(f) Other current assets	0.192	0.278	0.558
Total Current Assets	74.392	109.720	124.799
TOTAL	287.319	260.849	269.396

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	237.672	338.413	0.358
	Other Income	0.960	1.670
	TOTAL (A)	238.632	340.083	0.358
Less	EXPENSES
	Cost of Materials Consumed	186.517	263.433	0.353
	Manufacturing expenses	46.087	49.830
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(0.970)	0.849
	Employees benefits expense	13.520	8.333
	Other expenses	6.112	6.410
	TOTAL (B)	251.266	328.855	0.353
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	(12.634)	11.228
Less	FINANCIAL EXPENSES (D)	23.738	19.042
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	(36.372)	(7.814)	0.005
Less/ Add	DEPRECIATION/ AMORTISATION (F)	14.488	13.417	0.001
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	(50.860)	(21.231)	0.004
Less	TAX (H)	(15.723)	(11.520)	0.006
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	(35.137)	(9.711)	(0.002)
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	4.025	3.182	0.000
	TOTAL EARNINGS	4.025	3.182	0.000
	IMPORTS
	Raw Materials	31.986	23.604	44.120
	Exhibition Expenses	0.000	0.173	0.000
	Capital Goods	0.000	0.000	47.474
	TOTAL IMPORTS	31.986	23.777	91.594
	Earnings / (Loss) Per Share (Rs.)
	Basic	(117.13)	(32.37)	(47.16)
	Diluted	(117.13)	(136.33)	(47.16)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	(14.78)	(2.87)	(0.56)
Operating Profit Margin (PBIDT/Sales)	(%)	(5.32)	3.32	1.40
Return on Total Assets (PBT/Total Assets}	(%)	(17.70)	(8.14)	0.00
Return on Investment (ROI) (PBT/Networth)		(0.85)	(1.13)	0.00
Debt Equity Ratio (Total Debt /Networth)		2.74	7.74	43.11
Current Ratio (Current Asset/Current Liability)		0.55	0.79	0.81

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	5.000	30.000	30.000
Reserves & Surplus	(1.471)	(11.182)	29.866
Share Application money pending allotment	0.000	0.000	0.000
Net worth	3.529	18.818	59.866
long-term borrowings	104.149	107.642	113.274
Short term borrowings	47.973	38.025	50.855
Total borrowings	152.122	145.667	164.129
Debt/Equity ratio	43.106	7.741	2.742

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	0.358	340.083	238.632
		94,895.251	(29.831)

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	0.358	340.083	238.632
Profit/Loss	(0.002)	(9.711)	(35.137)
	(0.56%)	(2.86%)	(14.72%)

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	Yes
18]	Major customers	Yes
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	Yes

UNSECURED LOAN

PARTICULARS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Deposit from Shareholders	0.231	0.231
From related parties	95.103	78.730
Total	95.334	78.961

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10231573	17/08/2012 *	180,000,000.00	STATE BANK OF HYDERABAD	87, M G ROAD,, NEW INDIA ASSURANCE BLDG., FORT.,  MUMBAI, Maharashtra - 400023, INDIA	B57494445

Corporate information

Subject is a company incorporated under the companies Act, 1956. The company’s registered office is situated at 205, Devavrata, Sector 17, Vashi, Navi Mumbai – 400705, Maharashtra, India. The company was engaged in the business of manufacturing and job work of Alloys Steel Wire.

FIXED ASSETS

• Land
• Building
• Plant and Machinery
• Office Equipments
• Furniture and Fixtures
• Computer
• Software
• Vehicle

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.62.05
UK Pound	1	Rs.96.03
Euro	1	Rs.70.43

INFORMATION DETAILS

Information Gathered by :	DPA
Analysis Done by :	RAS
Report Prepared by :	SNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	2
--CREDIT LINES	1~10	3
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		27

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.