MIRA INFORM REPORT

Report No. :	301243
Report Date :	05.01.2015

IDENTIFICATION DETAILS

Name :	SHARDA MA ENTERPRISES PRIVATE LIMITED
Registered Office :	Kanchenjunga Building, UGF 1 and 2, 18, Barakhamba Road, New Delhi – 110 001
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	09.06.1992
Com. Reg. No.:	55-049082
Capital Investment / Paid-up Capital :	Rs.66.607 millions
CIN No.: [Company Identification No.]	U74899DL1992PTC049082
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AABCS2792K
Legal Form :	Private Limited Liability Company
Line of Business :	Trader and Importer of Coal.
No. of Employees :	120 (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 an established company having satisfactory track record. As per ROC the date of balance sheet (i.e. financial filed) is shown as 31.03.2014 but the documents related to the financial for the year 2014 are not available from any sources. As per the available financial of 2013, general financial position of the company seems to be good. Trade relations are reported as fair. Business is active. Payment terms are reported to be usually correct. 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 – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
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	CRISIL
Rating	Long Term Rating: BBB
Rating Explanation	Moderate degree of safety. It carry moderate credit risk.
Date	07.08.2014

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

Name :	Mr. Arvind
Designation :	Import Department
Contact No.:	91-9810015405
Date :	02.01.2015

LOCATIONS

Registered Office/ Head Office/ Warehouse :	Kanchenjunga Building, UGF 1 and 2, 18, Barakhamba Road, New Delhi – 110 001, India
Tel. No.:	91-11-23354046-47
Mobile No.:	91-9810015405 (Mr. Arvind)
Fax No.:	91-11-23354047
E-Mail :	kanika@mukeshka.com arvindgupta@shardamaa.com shardama@vsnl.com csritukathuria@gmail.com
Website :	http://www.shardamaa.com
Location :	Rented
Locality :	Commercial
Branch Office :	Located at : · Madhya Pradesh (Katni) · Chattisgarh (Bilaspur) · Madhya Pradesh (Satna) · Madhya Pradesh (Bijuri) · Punjab (Mandi Govindgarh) · Chattisgarh (Karonji)
International Branches :	Located at : · Indonesia · Hong Kong · Singapore

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Narendra Jindal

Designation :

Director

Address :

D 329, Vivek Vihar, Delhi – 110 095, India

Date of Birth/ Age :

05.07.1964

Date of Appointment :

09.06.1992

DIN No. :

00441915

PAN No.:

AAGPA3134R

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	U74899DL1992PTC049082	SHARDA MA ENTERPRISES PRIVATE LIMITED	Director	09-06-1992	09-06-1992	-	Active	NO
2	U60231DL2005PTC138686	SHARDA MA LOGISTICS PRIVATE LIMITED	Director	14-07-2005	14-07-2005	-	Active	NO
3	U24100DL2011PTC213721	SHARDA MAA PHARMACEUTICALS PRIVATE LIMITED	Director	10-02-2011	10-02-2011	-	Active	NO
4	U51909DL2011PTC213844	SHARDA MAA INDUSTRIES PRIVATE LIMITED	Director	11-02-2011	11-02-2011	-	Active	NO
5	U10100DL2012PTC230736	SHARDA MAA (RATANPUR) COAL BENEFICATION PRIVATE LIMITED	Director	31-01-2012	31-01-2012	-	Active	NO

Name :

Mr. Sandeep Khurana

Designation :

Director

Address :

298, A G C R Enclave, Indraprastha Extension, New Delhi -110 092, India

Date of Birth/ Age :

30.04.1960

Date of Appointment :

30.09.2010

DIN No. :

02118658

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	U74899DL1995PTC064941	INSIGHT FINANCIAL SERVICES PRIVATE LIMITED	Director	01-02-1995	01-02-1995	-	Active	NO
2	U51109DL2009PTC186279	SAUMYA HANDICRAFTS PRIVATE LIMITED	Director	01-01-2009	01-01-2009	-	Under Process of Striking off	NO
3	U18101DL2009PTC186360	UNIQUE SHILP KALA PRIVATE LIMITED	Director	02-01-2009	02-01-2009	-	Under Process of Striking off	NO
4	U18101DL2009PTC186362	SURYA UDAY HANDICRAFTS PRIVATE LIMITED	Director	02-01-2009	02-01-2009	-	Under Process of Striking off	NO
5	U18101DL2009PTC186378	SUSHANT CREATIONS PRIVATE LIMITED	Director	02-01-2009	02-01-2009	-	Under Process of Striking off	NO
6	U45400KL2008PTC029096	MODULEX MODULAR BUILDINGS PRIVATE LIMITED	Additional director	08-02-2010	08-02-2010	-	Active	NO
7	U74899DL1992PTC049082	SHARDA MA ENTERPRISES PRIVATE LIMITED	Director	30-09-2010	01-04-2010	-	Active	NO
8	U74140KL2010PTC026154	REDRIBBON ADVISORY SERVICES PRIVATE LIMITED	Director	07-06-2010	07-06-2010	-	Active	NO
9	U22130DL2011PTC212932	SIX BY SIX MEDIAVISON PRIVATE LIMITED	Director	21-01-2011	21-01-2011	-	Active	NO
10	U55101KL2008PTC022097	ECO HOTELS INDIA PRIVATE LIMITED	Additional director	27-02-2013	27-02-2013	-	Active	NO

Name :

Mr. Ram Awatar Jain

Designation :

Director

Address :

448/2, Jagmohandas Ward, Katani, Tehsil Katani, District Katani – 483 501, Madhya Pradesh, India

Date of Birth/ Age :

14.03.1948

Date of Appointment :

29.09.2011

DIN No. :

03545206

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	U74899DL1992PTC049082	SHARDA MA ENTERPRISES PRIVATE LIMITED	Director	29-09-2011	10-06-2011	-	Active	NO

Name :

Mr. Vikesh Jain

Designation :

Director

Address :

448/2, Jagmohandas Ward, Katani, Tehsil Katani, District Katani – 483 501, Madhya Pradesh, India

Date of Birth/ Age :

28.04.1976

Date of Appointment :

29.09.2011

DIN No. :

03545216

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	U74899DL1992PTC049082	SHARDA MA ENTERPRISES PRIVATE LIMITED	Director	29-09-2011	10-06-2011	-	Active	NO

Name :

Mr. Rajiv Dutt

Designation :

Director

Address :

Ramashirwad, R-9/249, Raj Nagar, Ghaziabad – 201 002, Uttar Pradesh, India

Date of Birth/ Age :

10.08.1969

Date of Appointment :

30.09.2013

DIN No. :

06588388

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	U74899DL1992PTC049082	SHARDA MA ENTERPRISES PRIVATE LIMITED	Director	30-09-2013	06-05-2013	-	Active	NO
2	U74140DL2013PTC257345	OPTIMUM MANAGEMENT SOLUTIONS PRIVATE LIMITED	Director	07-09-2013	07-09-2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Arvind
Designation :	Import Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares
Narendra Jindal	280346
Bela Jindal	142917
N.K. Jindal and Sons HUF	75424
Shubham Jindal	18601
Om Kam Insurance Brokers Private Limited, India	133425
RBM Finance Limited, India	10000
D.K. Bhandari	1
Ashish Bhandari	1
Preeti Gupta	401
Rajnee Agarwal	1
Shaym Chetwani	1
Hari Om Goel	1
Anju Goel	1
Hari Om Goel and Sons (HUF)	1
Acron Exim Private Limited, India	2625
Dhiru Financial and Management Private Limited, India	2325
Praveen Gupta	1
Murli Enterprises, India	1
National Sales Corporation, India	1
Vijay Luxmi Bhandari	1
Total	666075

AS ON 30.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Bodies corporate	22.27
Directors or relatives of Directors	77.67
Other top fifty shareholders	0.06
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader and Importer of Coal.
Products :	Coal
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :
Products :	Coal
Countries :	· Indonesia · South Africa
Terms :
Selling :	Cash, Credit and Cheque
Purchasing :	Cash, Credit and Cheque

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
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

End Users

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

No. of Employees :

120 (Approximately)

Bankers :

Banker Name	State Bank of Bikaner and Jaipur
Branch Address	D-10, Shopping Centre, Vivek Vihar, Delhi – 110 095, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

· HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India

· State Bank of Patiala, Connaught Place, New Delhi, India

· ICICI Bank Limited, Connaught Place, New Delhi, India

· ICICI Bank Limited, Landmark Race Cource Circle, Alkapuri, Vadodara – 390 015, Gujarat, India

Facilities :

SECURED LOANS	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
LONG TERM BORROWINGS
Loans taken for fixed assets	25.429	46.890
SHORT TERM BORROWINGS
Working capital loans from banks	730.039	633.754
Total	755.468	680.644

Notes:

LONG TERM BORROWINGS

Vehicle and Equipment Loans from Banks and Financial Institutions are secured by way of hypothecation of the vehicle(s) or equipment(s). vehicle / equipment rate of interest no. of monthly installments cars 9.20% to 11.50% 35 to 59 trucks 10.40% 35 hiwaya 10.40% 35 jcb 9.00% to 9.83% 35 loaders 10.40%35 tippers 11.50% 47 chassis 10.40% 47 truck body 9.01% 47.

SHORT TERM BORROWINGS

The Working Capital Borrowings are secured by:- (a) First Charge on pari-passu basis among the consortium members by way of hypothecation of entire current assets of the company including stocks lying at various stock points and book debts. (b) First Charge on pari-passu basis among the consortium members over the entire fixed assets of the company (both present and future); (c) Equitable Mortgage on pari-passu basis among the consortium members over immovable fixed asset of the company and personal properties of Smt. Bela Aggarwal and Sh. Sanjay Aggarwal (Relative of Director); (d) Personal guarantees of Mr. Narendra Jindal (Director), Mr. Arvind Gupta (Director) , Mr. Sanjay Aggarwal (Relative of Director), Smt. Bela Aggarwal (Relative of Director) and Corporate Guarantee of M/s Glitz Traders Private Limited, a body corporate the directors whereof are the relatives of the directors of the company. (e) Interest Rate ranging from 4.0% to 4.5% over Bank's Base Rate (floating) is payable at monthly rest on cash credit facilities. (Bank's Base rate ranged from 10% to 10.50% per annum among the consortium members as on the date of sanction.) The said borrowings are valid for a period of twelve months from the date of sanction. (f) Bill/Invoice discounting facilities carry rate of interest 14.75% are repayable with a period of 60 days from invoice date. (g) The working capital limit of Rs.800.000 millions sanctioned by consortium of banks is secured by way of further pledge of FDR of the company of Rs.3.550 millions.

Banking Relations :	--
Auditors :
Name :	Mukesh Aggarwal and Company Chartered Accountants
Address :	102, IJS Palace, X/320, Delhi Gate Bazar, Asaf Ali Road, New Delhi, India
Tel. No. :	AAAFM8796K
Memberships :	Not Available
Collaborators :	Not Available
Subsidiary Companies :	· Sharda Maa HK Limited, Hong Kong · Sharda Maa (Ratanpur) Coal Benefication Private Limited, India [CIN No.: U10100DL2012PTC230736] · SME Global PTE Limited, Singapore
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	· Sharda Ma Logistics Private Limited, India [CIN No.: U60231DL2005PTC138686] · Insight Financial Services Private Limited, India [CIN No.: U74899DL1995PTC064941] · Om Kam Insurance Broker Private Limited, India [CIN No.: U67200DL2005PTC132557] · V.K. Enterprises, India · N. K. Jindal and Sons HUF, India · Arunodya Coal Traders, India · Sharda Ma Nigeria Private Limited, Nigeria

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.100/- each	Rs.100.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
666075	Equity Shares	Rs.100/- each	Rs.66.607 millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I.              EQUITY AND LIABILITIES
(1) Shareholders' Funds
(a) Share Capital	60.607	60.607	59.358
(b) Reserves & Surplus	552.068	470.333	361.163
(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)	612.675	530.940	420.521
(3) Non-Current Liabilities
(a) Long-term borrowings	85.652	84.639	62.862
(b) Deferred tax liabilities (Net)	6.769	2.383	1.925
(c) Other long term liabilities	0.000	0.000	0.000
(d) Long-term provisions	4.451	2.804	1.900
Total Non-current Liabilities (3)	96.872	89.826	66.687
(4) Current Liabilities
(a) Short term borrowings	793.909	653.054	532.235
(b) Trade payables	511.841	451.944	122.889
(c) Other current liabilities	145.994	83.937	34.894
(d) Short-term provisions	1.849	15.202	24.659
Total Current Liabilities (4)	1453.593	1204.137	714.677
TOTAL	2163.140	1824.903	1201.885
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	136.213	123.435	41.755
(ii) Intangible Assets	0.554	0.149	0.007
(iii) Capital work-in-progress	0.363	0.000	5.080
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	10.492	10.019	0.019
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	28.599	18.852	2.567
(e) Other Non-current assets	0.605	0.460	0.000
Total Non-Current Assets	176.826	152.915	49.428
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	278.782	427.309	267.109
(c) Trade receivables	1257.534	880.987	536.010
(d) Cash and cash equivalents	22.253	29.814	35.977
(e) Short-term loans and advances	427.163	332.092	312.732
(f) Other current assets	0.582	1.786	0.629
Total Current Assets	1986.314	1671.988	1152.457
TOTAL	2163.140	1824.903	1201.885

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013	31.03.2012	31.03.2011
	SALES
	Revenue from operations	4559.894	4157.775	3415.037
	Other Income	NA	NA
	TOTAL	NA	NA	3415.037
Less	EXPENSES
	Exceptional Items	NA	NA	(1.455)
	Expenditures	NA	NA	3346.648
	TOTAL	NA	NA	3345.193
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	249.549	183.197	NA
Less	FINANCIAL EXPENSES	115.939	89.217	NA
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	133.610	93.980	69.844
Less/ Add	DEPRECIATION/ AMORTISATION	12.285	4.612	2.586
	PROFIT/ (LOSS) BEFORE TAX	121.325	89.368	67.258
Less	TAX	39.591	28.947	23.517
	PROFIT/ (LOSS) AFTER TAX	81.734	60.421	43.741
	Earnings / (Loss) Per Share (Rs.)	134.86	101.29	NA

Particulars	31.03.2014
Sales Turnover (Approximately)	4700.000

The above information has been parted by Mr. Arvind Gupta.

KEY RATIOS

PARTICULARS	31.03.2013	31.03.2012	31.03.2011
Return on Total Assets (PBT/Total Assets}	5.64	4.92	5.62
Return on Investment (ROI) (PBT/Networth)	0.20	0.17	0.16
Debt Equity Ratio (Total Debt /Networth)	1.44	1.39	1.42
Current Ratio (Current Asset/Current Liability)	1.37	1.39	1.61

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	59.358	60.607	60.607
Reserves & Surplus	361.163	470.333	552.068
Net worth	420.521	530.940	612.675
long-term borrowings	62.862	84.639	85.652
Short term borrowings	532.235	653.054	793.909
Total borrowings	595.097	737.693	879.561
Debt/Equity ratio	1.415	1.389	1.436

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)
Revenue from operations	4157.775	4559.894
		9.671

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)
Revenue from operations	4157.775	4559.894
Profit/(Loss) After Tax	60.421	81.734
	1.45%	1.79%

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	No
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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

Note:

The registered office of the company A-101, 10^th Floor, Himalaya House, 23, K G Marg, New Delhi – 110 001, India to the present address w.e.f. 04.12.2012.

OPERATIONS:

It was another year for the Profitability of the Company. During the year the effected, purchase of Coal was 681696 M.T. and effected Sales was 706444 MT. The Company reported impressive performance during the year. The Management is trying to achieve the optimum level of Sales during the current year.

UNSECURED LOANS

PARTICULAR	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
LONG TERM BORROWINGS
Intercorporate borrowings	43.000	2.100
Loans and advances from directors	7.100	20.000
Loans taken for fixed assets	10.123	15.649
SHORT TERM BORROWINGS
Loans and advances from directors	0.775	12.200
Loans and advances from others	13.000	7.100
Rupee term loans from banks	50.095	0.000
Total	124.093	57.049
Note :
The unsecured borrowings from the corporates, shareholders and directors carry rate of interest of 12% payable annually or quarterly and are repayable on demand.

INDEX OF CHARGES

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10402016	14/01/2013	2,052,000.00	AXIS BANK LIMITED	TRISHUL, 3RD FLOOR, OPPOSITE SAMARTHESHWAR TEMPLE, LAW GARDEN ELLISBRIDGE, AHMEDABAD, GUJARAT - 380006, INDIA	B67709121
2	10351847	22/03/2012	55,375,000.00	HDFC BANK LIMITED	HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA	B38262341
3	10236994	30/07/2010	1,750,000.00	BAJAJ AUTO FINANCE LIMITED	AKURDI PUNE, PUNE, MAHARASHTRA - 411035, INDIA	A93639037
4	90058972	20/08/2014 *	980,000,000.00	STATE BANK OF BIKANER AND JAIPUR	D-10, SHOPPING CENTRE, VIVEK VIHAR, DELHI, DELHI - 110095, INDIA	C18073064

* Date of charge modification

FIXED ASSETS:

Tangible Assets

· Land

· Buildings

· Furniture and Fixtures

· Plant and Equipments

· Vehicles

· Office Equipments

· Computer

Intangible Assets

· Computer Software

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.63.29
UK Pound	1	Rs.98.39
Euro	1	Rs.76.31

INFORMATION DETAILS

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

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
-- PROFITABILITY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	4
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	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.