MIRA INFORM REPORT

Report No. :	302484
Report Date :	13.01.2015

IDENTIFICATION DETAILS

Name :	AMITASHA ENTERPRISES PRIVATE LIMITED
Registered Office :	101, Dharmapeth Extension, Shivaji Nagar, Nagpur – 440 010, Maharashtra
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	12.04.1993
Com. Reg. No.:	11-071552
Capital Investment / Paid-up Capital :	Rs. 45.043 Millions
CIN No.: [Company Identification No.]	U27200MH1993PTC071552
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	NGPA00529E
PAN No.: [Permanent Account No.]	AABCA4423B
Legal Form :	Private Limited Liability Company.
Line of Business :	Manufacture of power transmission line towers.
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

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. The rating continue to reflect AEPL’s established track record in the tower manufacturing business supported by sound financial base and sound liquidity profile of the company. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. The company can be considered 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 and moderate credit risk
Date	October 20, 2014

Rating Agency Name	CRISIL
Rating	Short Term Rating A3
Rating Explanation	Moderate degree of safety and high credit risk
Date	October 20, 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.

LOCATIONS

Registered Office :	101, Dharmapeth Extension, Shivaji Nagar, Nagpur – 440 010, Maharashtra, India
Tel. No.:	91-7104-235536/ 236198/ 235207
Fax No.:	91-7104-235208 91-712-2248288
E-Mail :	shilpa@amitasha.com aepl@amitasha.com
Website :	http://www.amitasha.com
Location :	Owned
Factory :	36, Village Nildoh, Hingna Road, Nagpur – 440 016, Maharashtra, India
Tel. No.:	91-7104-236198/ 235536
Fax No.:	91-7104-235208
E-Mail :	aepl@amitasha.com

DIRECTORS

AS ON 22.09.2014

Name :

Mrs. Harneet Rajendra Singh

Designation :

Director

Address :

101, Shivaji Nagar, Nagpur – 440 010, Maharashtra, India

Date of Birth/Age :

18.11.1965

Date of Appointment :

12.04.1993

DIN No.:

00225386

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	U27200MH1993PTC071552	AMITASHA ENTERPRISES PRIVATE LIMITED	Director	12/04/1993	12/04/1993	-	Active	NO
2	U51109MH2010PTC200353	HARNEET TRADELINK PRIVATE LIMITED	Director	23/02/2010	23/02/2010	-	Active	NO

Name :

Mr. Singh Anand Jagjot

Designation :

Director

Address :

C-8, Sector-39, Noida – 201 301, Uttar Pradesh, India

Date of Birth/Age :

26.10.1964

Date of Appointment :

01.04.2008

DIN No.:

00588056

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	U55202DL2004PTC125432	ABG CATERING SERVICES PRIVATE LIMITED	Director	15/01/2005	15/01/2005	31/01/2012	Active	NO
2	U74899DL2005PTC141067	PRECISION EQUITY PARTNERS PRIVATE LIMITED	Director	22/09/2005	22/09/2005	03/03/2008	Strike off	NO
3	U11201DL2005PTC142975	En Quest Projects Private Limited	Additional director	22/08/2006	22/08/2006	-	Active	NO
4	U23201DL2005FTC141975	ENSEARCH PETROLEUM PRIVATE LIMITED	Director	03/03/2008	22/08/2006	-	Active	NO
5	U11102MH2006PTC159351	FLAT EARTH OIL AND GAS PRIVATE LIMITED	Director	24/08/2006	24/08/2006	28/09/2007	Active	NO
6	U11200MH2006PTC160232	FLAT OCEAN RESOURCES PRIVATE LIMITED	Director	28/08/2006	28/08/2006	25/08/2007	Active	NO
7	U23200MH2006PTC159354	BLUE OCEAN OIL AND GAS PRIVATE LIMITED	Director	29/08/2006	29/08/2006	25/08/2007	Active	NO
8	U65929DL1997PTC086138	ULIKE INFINLEASE PRIVATE LIMITED	Director	29/09/2007	20/03/2007	-	Active	NO
9	U27200MH1993PTC071552	AMITASHA ENTERPRISES PRIVATE LIMITED	Director	01/04/2008	01/04/2008	-	Active	NO
10	U11101DL2009PTC190928	GRH OIL & GAS PRIVATE LIMITED	Director	04/06/2009	04/06/2009	-	Active	NO
11	U11100DL2009PTC193631	GRH Holdings Private Limited	Director	27/08/2009	27/08/2009	-	Strike off	NO
12	U14200DL2010PTC197845	TerraQuest Geophysical Services Private Limited	Director	11/01/2010	11/01/2010	-	Strike off	NO
13	U11200DL2010PTC210649	EnQuest Drilling Private Limited	Director	22/11/2010	22/11/2010	-	Active	NO
14	U74996DL2006PTC153202	EnQuest Offshore Private Limited	Director	04/06/2011	16/01/2011	-	Amalgamated	NO
15	U55101DL2011PTC225231	BLAZE HOSPITALITY PRIVATE LIMITED	Director	20/09/2011	20/09/2011	-	Strike off	NO
16	U28939DL2000PTC103607	OXFORD HARDWARES PRIVATE LIMITED	Director	30/09/2013	10/06/2013	-	Active	NO
17	U45400DL2009PTC191917	YASH TECHNOBUILD PRIVATE LIMITED	Additional director	25/09/2013	22/07/2013	-	Active	NO
18	U51109DL2008PTC178462	ENQUEST PETRO SOLUTIONS PRIVATE LIMITED	Director	19/09/2014	31/12/2013	-	Active	NO

Name :

Mr. Tapankumar Ramanimohan Datta

Designation :

Director

Address :

Lokseva Nagar, Bhamti, Nagpur – 440022, Maharashtra, India

Date of Birth/Age :

05.01.1946

Date of Appointment :

01.01.2007

DIN No.:

01297147

Name :

Mr. Rajendra Mohan Singh

Designation :

Managing Director

Address :

101, Shivaji Nagar, Nagpur – 440 010, Maharashtra, India

Date of Birth/Age :

21.03.1961

Date of Appointment :

01.04.2008

DIN No.:

01538980

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	U29290MH1983PTC029484	SUNRISE STEEL INDUSTRIES PRIVATE LIMITED	Director	16/03/1983	16/03/1983	-	Active	NO
2	U27200MH1999PTC120088	ANSHIKA FASTENERS PRIVATE LIMITED	Director	28/05/1999	28/05/1999	-	Active	NO
3	U27200MH1993PTC071552	AMITASHA ENTERPRISES PRIVATE LIMITED	Managing director	01/04/2008	04/12/1999	-	Active	NO
4	U51109MH2010PTC200353	HARNEET TRADELINK PRIVATE LIMITED	Director	23/02/2010	23/02/2010	-	Active	NO
5	U24117WB1983PTC036426	ALEX POLYMERS PVT LTD	Director	02/03/2010	02/03/2010	-	Active	NO
6	U51909WB2007PTC119097	NIRAJ VINIMAY PRIVATE LIMITED	Director	17/05/2010	17/05/2010	-	Active	NO

Name :

Mrs. Vimla Surendramohan Singh

Designation :

Director

Address :

101, Shivaji Nagar, Nagpur – 440 010, Maharashtra, India

Date of Birth/Age :

26.10.1941

Date of Appointment :

17.04.1993

DIN No.:

02170720

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	U29290MH1983PTC029484	SUNRISE STEEL INDUSTRIES PRIVATE LIMITED	Director	16/03/1983	16/03/1983	-	Active	NO
2	U27200MH1993PTC071552	AMITASHA ENTERPRISES PRIVATE LIMITED	Director	17/04/1993	17/04/1993	-	Active	NO
3	U27200MH1999PTC120088	ANSHIKA FASTENERS PRIVATE LIMITED	Director	28/05/1999	28/05/1999	-	Active	NO
4	U51109MH2010PTC200860	VIMLA TRADELINK PRIVATE LIMITED	Director	13/03/2010	13/03/2010	-	Active	NO

Name :

Mr. Yogendra Mohan Singh

Designation :

Director

Address :

101, Dharampeth, Nagpur – 440 010, Maharashtra, India

Date of Birth/Age :

30.08.1963

Date of Appointment :

12.04.1993

DIN No.:

02361791

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	U29290MH1983PTC029484	SUNRISE STEEL INDUSTRIES PRIVATE LIMITED	Director	30/05/1988	30/05/1988	-	Active	NO
2	U27200MH1993PTC071552	AMITASHA ENTERPRISES PRIVATE LIMITED	Director	12/04/1993	12/04/1993	-	Active	NO
3	U27200MH1999PTC120088	ANSHIKA FASTENERS PRIVATE LIMITED	Director	28/05/1999	28/05/1999	-	Active	NO
4	U74900MH2010PTC200011	MANUJ ENTERPRISES PRIVATE LIMITED	Director	11/02/2010	11/02/2010	-	Active	NO
5	U24117WB1983PTC036426	ALEX POLYMERS PVT LTD	Director	02/03/2010	02/03/2010	-	Active	NO
6	U51909WB2007PTC119097	NIRAJ VINIMAY PRIVATE LIMITED	Director	17/05/2010	17/05/2010	-	Active	NO

MAJOR SHAREHOLDERS

As on 22.09.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Vimla Surendramohan Singh	846580	18.79
S. M. Singh (HUF)	588403	13.06
Rajendra Mohan Singh	883801	19.62
R. M. Singh (HUF)	489557	10.87
Harneet Rajendra Singh	61298	1.36
Yogendra Mohan Singh	883801	19.62
Y. M. Singh (HUF)	489557	10.87
Renu Yogendra Singh	61298	1.36
Sunrise Steel Industries Private Limited, India	200004	4.44
Total	4504299	100.00

As on 22.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Bodies corporate	4.44
Directors or relatives of Directors	95.56
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacture of power transmission line towers.

Products :

Item Code No. (ITC Code)	Product Description
73082011	Towers for Transmissi0n Line w/n Assembled
72123090	Other products otherwise Pltd/Coatd with Zinc
72287011	Angles, shape and sections,80 Mm or more
72041000	Waste and Scrap of cast Iron

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Not Available

Terms :

Selling :

Not Available

Purchasing :

Not Available

PRODUCTION STATUS: Not Available

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Information declined by the management.

Bankers :

Banker Name	State bank of india
Branch Address	Industrial Finance Bank, 5 Sai Complex, Bharat Nagar, Nagpur – 440033, Maharashtra, India
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

Banker Name	IDBI Bank Limited
Branch Address	Specialised Corporate Branch, 3rd Floor, Gupta Tower,Temple Road, Civil Lines, Nagpur - 440001, Maharashtra, India
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

Banker Name	Punjab National Bank
Branch Address	MIDC Hingna Road Branch, Hingna Road, Nagpur - 440012, Maharashtra, India
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 LOANS	31.03.2014 (Rs. in Millions)	31.03.2013 (Rs. in Millions)
LONG TERM BORROWINGS
Rupee term loans from banks	2.926	3.323
SHORT TERM BORROWINGS
Working capital loans from banks	587.185	546.806
Other loans and advances	21.000	0.000
Total	611.111	550.129

Auditors :
Name :	Dhoot Bagadia and Company Chartered Accountants
Address :	Saraswat Bank Building, Gandhibagh, Nagpur, Maharashtra, India
PAN No.:	AAAFD7387D
Memberships :	Not Available
Collaborators :	Not Available
Associates	Anshika Fasteners Sunrise Steel Industries Private Limited Sai Servo Station

CAPITAL STRUCTURE

As on 22.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
9000000	Equity Shares	Rs.10/- each	Rs.90.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
4504299	Equity Shares	Rs.10/- each	Rs. 45.043 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	45.043	42.000	42.000
(b) Reserves & Surplus	582.762	510.084	492.959
(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)	627.805	552.084	534.959
(3) Non-Current Liabilities
(a) long-term borrowings	116.266	146.669	21.248
(b) Deferred tax liabilities (Net)	13.856	10.838	11.050
(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)	130.122	157.507	32.298
(4) Current Liabilities
(a) Short term borrowings	608.185	546.806	444.501
(b) Trade payables	373.030	510.299	463.891
(c) Other current liabilities	4.161	3.224	2.540
(d) Short-term provisions	29.066	23.388	24.276
Total Current Liabilities (4)	1014.442	1083.717	935.208
TOTAL	1772.369	1793.308	1502.465
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	218.259	192.567	152.668
(ii) Intangible Assets	0.771	0.781	0.946
(iii) Capital work-in-progress	17.307	6.449	21.620
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	10.050	10.050	10.050
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	22.885	8.125	15.911
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	269.272	217.972	201.195
(2) Current assets
(a) Current investments
(b) Inventories	589.417	648.758	511.487
(c) Trade receivables	636.426	589.552	592.860
(d) Cash and cash equivalents	79.435	96.886	45.908
(e) Short-term loans and advances	197.819	240.140	150.980
(f) Other current assets	0.000	0.000	0.035
Total Current Assets	1503.097	1575.336	1301.270
TOTAL	1772.369	1793.308	1502.465

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	NET TURNOVER	3194.600	3497.601	2163.434
Less	TOTAL EXPENSES	NA	NA	NA
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	80.441	44.980	54.062
Less/ Add	DEPRECIATION/ AMORTISATION (F)	27.703	23.504	23.399
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	52.738	21.476	30.663
Less	TAX (I)	17.018	4.352	12.901
	PROFIT/ (LOSS) AFTER TAX (G-I) (J)	35.720	17.124	17.762
	Balance Carried to the B/S (J+K+L-M)	35.720	17.124	17.762
	EARNINGS IN FOREIGN CURRENCY	69.991	220.756	25.301
	Earnings / (Loss) Per Share (Rs.)	7.93	3.80	3.94

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	1.12	0.49	0.82
Return on Total Assets (PBT/Total Assets}	(%)	3.02	1.21	2.08
Return on Investment (ROI) (PBT/Networth)		0.08	0.04	0.06
Debt Equity Ratio (Total Debt /Networth)		1.15	1.26	0.87
Current Ratio (Current Asset/Current Liability)		1.48	1.45	1.39

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	42.000	42.000	45.043
Reserves & Surplus	492.959	510.084	582.762
Net worth	534.959	552.084	627.805
long-term borrowings	21.248	146.669	116.266
Short term borrowings	444.501	546.806	608.185
Total borrowings	465.749	693.475	724.451
Debt/Equity ratio	0.871	1.256	1.154

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	2163.434	3497.601	3194.600
		61.669	(8.663)

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	2163.434	3497.601	3194.600
Profit	17.762	17.124	35.720
	0.82%	0.49%	1.12%

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	No
9]	Name of person contacted	No
10]	Designation of contact person	No
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	No
20]	Export / Import details (if applicable)	No
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

VIEW INDEX OF CHARGES

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10374542	16/04/2014 *	1,090,000,000.00	STATE BANK OF INDIA	INDUSTRIAL FINANCE BRANCH, 5 SAI COMPLEX, BHARAT  NAGAR, NAGPUR, MAHARASHTRA - 440033, INDIA	C05550488
2	10374543	16/04/2014 *	1,090,000,000.00	STATE BANK OF INDIA	INDUSTRIAL FINANCE BANK, 5 SAI COMPLEX, BHARAT NAGAR, NAGPUR, MAHARASHTRA - 440033, INDIA	C05590682
3	10285187	30/04/2011	138,534,000.00	THE SARASWAT CO OPERATIVE BANK LIMITED	GANDHIBAG BRANCH, CENTRAL AVENUE ROAD, AGRASEN C  HOWK, NAGPUR, MAHARASHTRA - 440001, INDIA	B12101846
4	10288053	23/04/2011	6,615,000.00	Punjab National Bank	MIDC HINGNA ROAD BRANCH, HINGNA ROAD, NAGPUR, MAHARASHTRA - 440012, INDIA	B13403563
5	10123285	02/08/2008	680,000,000.00	STATE BANK OF INDIA	INDUSTRIAL FINANCE BRANCH, 5, SAI COMPLEX, AMRAVA  TI ROAD, BHARAT NAGAR, NAGPUR, MAHARASHTRA - 44003  3, INDIA	A45933470
6	10098640	30/03/2012 *	680,000,000.00	STATE BANK OF INDIA	INDUSTRIAL FINANCE BANK, 5 SAI COMPLEX, BHARAT NA  GAR, NAGPUR, MAHARASHTRA - 440010, INDIA	B37973658

* Date of charge modification

UNSECURED LOANS

PARTICULAR	31.03.2014 (Rs. in Millions)	31.03.2013 (Rs. in Millions)
LONG TERM BORROWINGS
Rupee term loans from banks	21.075	31.641
Deferred payment liabilities	2.903	4.099
Loans and advances from related parties	89.362	107.606
Total	113.340	143.346

FIXED ASSETS

• Land
• Buildings
• Office building
• Factory building
• Plant and equipment
• Factory equipments
• Furniture and fixtures
• Vehicles
• Office equipment
• Computer 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. 62.16
UK Pound	1	Rs.94.27
Euro	1	Rs.73.73

INFORMATION DETAILS

Analysis Done by :	KAR
Report Prepared by :	TRU

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
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	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		43

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.