MIRA INFORM REPORT

Report No. :	303308
Report Date :	12.01.2015

IDENTIFICATION DETAILS

Name :	WESTERN INDIA METAL PROCESSORS LIMITED
Registered Office :	132-B, Mittal Towers, Nariman Point, Mumbai - 400021, Maharashtra
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	30.08.2006
Com. Reg. No.:	11-164182
Capital Investment / Paid-up Capital :	Rs.144.079 Millions
CIN No.: [Company Identification No.]	U27109MH2006PLC164182
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	MUMW03145C
PAN No.: [Permanent Account No.]	AAACW6867C
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer, Trader, Exporter and Importer of Primary and Secondary Metals and Metal Scrap.
No. of Employees :	25 (Approximately)

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	CARE
Rating	Long Term Bank Facilities: “BBB-”
Rating Explanation	Moderate degree of safety and moderate credit risk
Date	24.12.2013

Rating Agency Name	CARE
Rating	Short Term Bank Facilities: “A3”
Rating Explanation	Moderate degree of safety and higher credit risk
Date	24.12.2013

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 faulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. Imran Mohd Iqbal Khan
Designation :	Director
Contact No.:	91-22-22841111
Date :	28.11.2014

LOCATIONS

Registered Office :	132-B, Mittal Towers, Nariman Point, Mumbai-400021, Maharashtra, India
Tel. No.:	91-22-22841111
Fax No.:	91-22-22882277
E-Mail :	rsvathane@gmail.com md@westernindiametal.com accts@wimpl.net
Location:	Owned
Factory 1 :	320, Iqbal Compound, LBS Marg, Opposite Kurla Bus Depot, Kurla, Mumbai - 400070, Maharashtra, India
Factory 2 :	L-8, MIDC, Taloja, Navi Mumbai, Maharashtra, India
Location:	Owned

DIRECTORS

As on 30.09.2013

Name :

Mr. Mohd Iqbal Rozanali Khan

Designation :

Director

Address :

101, Moru Sadan, S V Road, Santacruz (West), Mumbai-400054, Maharashtra, India

Date of Birth/Age :

03.12.1958

Date of Appointment :

30.08.2006

PAN No.:

ACDPK8308C

DIN No.:

00260194

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	U27100MH1989PTC051644	KONAR METALS PRIVATE LIMITED	Director	05-05-1989	05-05-1989	Active	NO
2	U27100MH1989PTC050506	MAHARAJA STEEL AND ALLOYS PRIVATE LIMITED	Director	03-04-1995	03-04-1995	Active	NO
3	U27109MH2006PLC164182	WESTERN INDIA METAL PROCESSORS LIMITED	Director	30-08-2006	30-08-2006	Active	NO
4	U51909MH2003PTC143754	AMEYA MERCHANDISE EXPORTS PRIVATE LIMITED	Director	22-02-2007	22-02-2007	Active	NO
5	U45201MH2007PTC169869	WESTCOAST REALTORS AND DEVELOPERS PRIVATE LIMITED	Director	01-07-2009	01-07-2009	Active	NO
6	U74990MH2011PTC214212	HIMACHAL RIVERSIDE WELLNESS RESORT AND COUNTRY CLUB PRIVATE LIMITED	Director	01-03-2011	01-03-2011	Active	NO
7	U65923MH2012PLC227810	SEVEN SEAS HOLDINGS LIMITED	Director	07-03-2012	07-03-2012	Active	NO
8	U28910MH2012PTC231561	EXCEL METAL PROCESSORS PRIVATE LIMITED	Director	28-05-2012	28-05-2012	Active	NO
9	U45400WB2011PTC170693	DERBY REALBUILD PRIVATE LIMITED	Director	02-05-2013	02-05-2013	Active	NO
10	U74999WB2012PTC173995	DIGANTA TRADING PRIVATE LIMITED	Director	13-07-2013	13-07-2013	Active	NO
11	U28112MH2013PTC249441	ARISHA METAL PRECISIONS PRIVATE LIMITED	Director	21-10-2013	21-10-2013	Active	NO
12	AAA-6001	NORTH WEST GREEN INFRASTRUCTURE PROMOTERS LLP	Designated Partner	30-11-2013	30-11-2013	Active	NO

Name :

Ms. Rabia Mohd Iqbal Khan

Designation :

Director

Address :

101, Moru Sadan, S V Road, Santacruz (West), Mumbai-400054, Maharashtra, India

Date of Birth/Age :

26.06.1951

Date of Appointment :

30.08.2006

PAN No.:

ACVPK0221A

DIN No.:

00260267

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	U27100MH1989PTC051644	KONAR METALS PVT. LTD.	Director	05-05-1989	05-05-1989	-	Active	NO
2	U27100MH1989PTC050506	MAHARAJA STEEL AND ALLOYS PRIVATE LIMITED	Director	03-04-1995	03-04-1995	-	Active	NO
3	U27109MH2006PLC164182	WESTERN INDIA METAL PROCESSORS LIMITED	Director	30-08-2006	30-08-2006	-	Active	NO
4	U45201MH2007PTC169869	WESTCOAST REALTORS AND DEVELOPERS PRIVATE LIMITED	Director	11-04-2007	11-04-2007	15-02-2012	Active	NO
5	U65923MH2012PLC227810	SEVEN SEAS HOLDINGS LIMITED	Director	07-03-2012	07-03-2012	-	Active	NO

Name :

Mr. Imran Mohd Iqbal Khan

Designation :

Director

Address :

101, Moru Sadan, S V Road, Santacruz (West), Mumbai-400054, Maharashtra, India

Date of Birth/Age :

26.03.1977

Date of Appointment :

23.05.2007

PAN No.:

ACVPK0110C

DIN No.:

01264376

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	U51909MH2003PTC143754	AMEYA MERCHANDISE EXPORTS PRIVATE LIMITED	Director	22-02-2007	22-02-2007	Active	NO
2	U45201MH2007PTC169869	WESTCOAST REALTORS AND DEVELOPERS PRIVATE LIMITED	Director	11-04-2007	11-04-2007	Active	NO
3	U27109MH2006PLC164182	WESTERN INDIA METAL PROCESSORS LIMITED	Director	23-05-2007	23-05-2007	Active	NO
4	U74990MH2011PTC214212	HIMACHAL RIVERSIDE WELLNESS RESORT AND COUNTRY CLUB PRIVATE LIMITED	Director	01-03-2011	01-03-2011	Active	NO
5	U65923MH2012PLC227810	SEVEN SEAS HOLDINGS LIMITED	Director	07-03-2012	07-03-2012	Active	NO
6	U28910MH2012PTC231561	EXCEL METAL PROCESSORS PRIVATE LIMITED	Director	28-05-2012	28-05-2012	Active	NO
7	U45400WB2011PTC170693	DERBY REALBUILD PRIVATE LIMITED	Director	02-05-2013	02-05-2013	Active	NO
8	U74999WB2012PTC173995	DIGANTA TRADING PRIVATE LIMITED	Director	13-07-2013	13-07-2013	Active	NO
9	U28112MH2013PTC249441	ARISHA METAL PRECISIONS PRIVATE LIMITED	Director	21-10-2013	21-10-2013	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

Names of Shareholders	No. of Shares
Mohd Iqbal Khan	3269907
Irmran Khan	3087857
Rabia Khan	1071782
Bushra Khan	1000
Saima Khan	73175
Azizulla Khan	1000
Firdaus Khan	21625
Ayeshabi R Khan	1200000
Konar Metals Private Limited, India	1532600
Maharaja Steel and Alloy Private Limited, India	1312100
Swarnadhara Vinimay Private Limited, India	100000
Silicon Tradelink Private Limited, India	100000
Shree Kabir Vinimay Private Limited, India	195000
Westcoast Realtors and Developers Private Limited, India	676700
Juhu Investment Private Limited, India	35920
Chandadevi Ganeshprasad Sahu	64000
Rakesh Kumar Sahu	67340
Star Light Hospitality	260900
Components and Power Equipment Company Limited, India	100000
Afasha Rashid Chaudhary	21000
Ambrina Ubaidulla Chaudhary	21000
Amina Khatoon Chaudhary	21000
Ubaidulla Chaudhary	37000
Ameya Agencies Private Limited, India	114000
Seven Seas Holding Limited, India	1023000
Total	14407906

As on 30.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Bodies corporate	36.02
Directors or relatives of Directors	60.57
Other top fifty shareholders	3.41
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer, Trader, Exporter and Importer of Primary and Secondary Metals and Metal Scrap.

Products :

Item Code No. (ITC Code)	Product Description
72042990	Dealing in Metals And Metal Scrap

Exports :

Products :

Finished Goods

Countries :

New Zealand

Imports :

Products :

Raw Material

Countries :

· China

· Taiwan

· Germany

Terms :

Selling :

Cash and Credit

Purchasing :

Cash and Credit

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	NOT DIVULGED
Name of the Person (with Designation):
Contact Number:
Since How Long Known:
Experience :
Maximum Limit Dealt:

Customers :

Reference:	NOT DIVULGED
Name of the Person (with Designation):
Contact Number:
Since How Long Known:
Experience :
Maximum Limit Dealt:

Wholesalers, Retailers, End Users and Manufacturer

No. of Employees :

25 (Approximately)

Bankers :

Bank Name:	NOT DIVULGED
Branch:
Name of the Person (with Designation):
Contact Number:
Name of Account Holder:
Account Number:
Account Since (Date/ Year of A/c Opening):
Average Balance Maintained (Optional):
Credit Facilities Enjoyed (CC/OD/Term Loan):
Account Operation:

· United Bank of India, Shopping Arcade, Nariman Point, Mumbai, Maharashtra, India

· State Bank of India, Raheja Chambers, Nariman Point, Mumbai, Maharshtra, India

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Millions)	31.03.2013 (Rs. In Millions)
LONG TERM BORROWINGS
Term loans from others (Secured By Hypothecation of BMW Car and Honda Accord)	4.957	1.440
SHORT TERM BORROWINGS
Loans repayable on demand from banks (Secured by Primary - Hypothecation of stocks and receivables and other current assets both present and future)	575.349	698.723
Total	580.306	700.163

Banking Relations :	--
Auditors :
Name :	RSVA and Company Chartered Accountants
Address :	B-301 Rajdarshan Bldg Dada Patil Wadi Opposite Thn Rly Station Thane (West) - 400602
Income-tax PAN of auditor or auditor's firm :	AAYFS1415P
Associate companies where managing directors or relatives of managing director are Directors :	· Seven Seas Holdings Limited CIN No.: U65923MH2012PLC227810 · Diganta Trading Private Limited CIN No.: U74999WB2012PTC173995 · Ameya Merchandise Exports Private Limited CIN No.: U51909MH2003PTC143754 · Westcoast Realtors and Developers Private Limited CIN No.: U45201MH2007PTC169869 · Himachal Riverside Wellness Resort and Country Club Private Limited CIN No.: U74990MH2011PTC214212

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
15,000,000	Equity Shares	Rs.10/- each	Rs.150.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
14,407,906	Equity Shares	Rs.10/- each	Rs.144.079 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	144.079	139.988	117.388
(b) Reserves & Surplus	297.730	267.042	201.143
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	55.637	45.000
Total Shareholders’ Funds (1) + (2)	441.809	462.667	363.531
(3) Non-Current Liabilities
(a) long-term borrowings	31.082	1.440	2.629
(b) Deferred tax liabilities (Net)	0.420	0.395	0.328
(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)	31.502	1.835	2.957
(4) Current Liabilities
(a) Short term borrowings	682.750	703.256	507.202
(b) Trade payables	451.766	203.495	271.622
(c) Other current liabilities	4.642	5.873	14.512
(d) Short-term provisions	40.025	43.058	26.160
Total Current Liabilities (4)	1179.183	955.682	819.496
TOTAL	1652.494	1420.184	1185.984
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	4.954	5.519	6.140
(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	2.998	1.360	1.360
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.801	0.062	0.062
(e) Other Non-current assets	35.047	33.194	22.878
Total Non-Current Assets	43.800	40.135	30.440
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	1052.423	766.629	632.116
(c) Trade receivables	406.304	394.578	396.703
(d) Cash and cash equivalents	138.868	136.642	71.527
(e) Short-term loans and advances	11.099	82.200	55.030
(f) Other current assets	0.000	0.000	0.168
Total Current Assets	1608.694	1380.049	1155.544
TOTAL	1652.494	1420.184	1185.984

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	4305.786	4070.416	3539.607
		Other Income	11.452	15.872	5.448
		TOTAL (A)	4317.238	4086.288	3545.055
Less	EXPENSES
		Purchase of Stock-in-trade	4426.650	4049.467	3565.823
		Changes in Inventories of finished goods, work-in-progress and stock-in-trade	-285.794	-134.514	-152.822
		Employee Benefits Expenses	2.095	1.468	1.428
		Other Expenses	18.508	29.043	29.182
		Extra ordinary Items	0.070	3.200	0.000
		Prior Period Items	0.000	0.000	0.085
		TOTAL (B)	4161.529	3948.664	3443.696
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		155.709	137.624	101.359
Less	FINANCIAL EXPENSES (D)		118.828	92.784	61.406
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		36.881	44.840	39.953
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.824	0.812	0.683
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		36.057	44.028	39.270
Less	TAX (H)		11.914	14.289	12.769
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		24.143	29.739	26.501
	EARNINGS IN FOREIGN CURRENCY		1.873	12.495	0.000
	Earnings / (Loss) Per Share (Rs.)
	Basic		1.69	2.79	2.46
	Diluted		1.69	2.79	2.45

Expected Sales (2014-2015): Rs. 5200.000 Millions

The above information has been parted by Mr. Imran Mohd Iqbal Khan (Director).

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	0.56	0.73	0.75
Operating Profit Margin (PBDIT/Sales)	(%)	3.62	3.38	2.86
Return on Total Assets (PBT/Total Assets}	(%)	2.19	3.10	3.31
Return on Investment (ROI) (PBT/Networth)		0.08	0.10	0.11
Debt Equity Ratio (Total Debt/Networth)		1.62	1.52	1.40
Current Ratio (Current Asset/Current Liability)		1.36	1.44	1.41

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	117.388	139.988	144.079
Reserves & Surplus	201.143	267.042	297.730
Share Application money pending allotment	45.000	55.637	0.000
Net worth	363.531	462.667	441.809
long-term borrowings	2.629	1.440	31.082
Short term borrowings	507.202	703.256	682.750
Total borrowings	509.831	704.696	713.832
Debt/Equity ratio	1.402	1.523	1.616

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	3539.607	4070.416	4305.786
		14.996	5.782

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	3539.607	4070.416	4305.786
Profit	26.501	29.739	24.143
	0.75%	0.73%	0.56%

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

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10430773	11/09/2012	300,000,000.00	UNITED BANK OF INDIA	HOTEL OBEROI TOWERS BRANCH, HOTEL OBEROI TOWERS, SHOPPING ARCADE, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA	B69095412
2	10082093	27/02/2013 *	648,000,000.00	STATE BANK OF INDIA	BACKBAY RECLAMATION BRANCH, RAHEJA CHAMBERS, FREE PRESS JOURNAL MARG, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA	B69094282

* Date of charge modification

UNSECURED LOANS

PARTICULAR	31.03.2014 (Rs. In Millions)	31.03.2013 (Rs. In Millions)
LONG TERM BORROWINGS
Term loans from banks	9.732	0.000
Term loans from others	16.393	0.000
SHORT TERM BORROWINGS
Loans and advances from others	107.401	4.533
Total	133.526	4.533

CHANGES OF ADDRESS

The registered office of the company has been shifted from 320, Iqbal Compound, LBS Marg, Opposite Kurla Bus Depot, Kurla, Mumbai - 400070, Maharashtra, India to present address w.e.f. 15.02.2012.

FIXED ASSETS

Tangible Assets

· Furniture and Fixtures

· Vehicles

· Office Equipment

· Computer Equipments

· Other Equipments

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.62.39
UK Pound	1	Rs.94.17
Euro	1	Rs.73.61

INFORMATION DETAILS

Analysis Done by :	KAR
Report Prepared by :	SMN

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.