MIRA INFORM REPORT

Report No. :	302856
Report Date :	16.01.2015

IDENTIFICATION DETAILS

Name :	PRATHYUSHA POWER GEN PRIVATE LIMITED (w.e.f. 23.03.2007)
Formerly Known As :	PRATHYUSHA POWER PRIVATE LIMITED
Registered Office :	25-40-12, Pratyusha House, Gangulavari Street, Near Laxmi Talkies, Visakhapatnam – 530001, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	07.03.2002
Com. Reg. No.:	01-038615
Capital Investment / Paid-up Capital :	Rs.200.000 Millions
CIN No.: [Company Identification No.]	U40109AP2002PTC038615
TAN No.: [Tax Deduction & Collection Account No.]	VPNP00664G
PAN No.: [Permanent Account No.]	AADCP1527F
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of minining, shipping, infrastructure power plants.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ca (11)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a company having moderate track. Management has failed to file latest financials for FY 14, with the statutory authorities. Mr. Suresh Kumar, an accountant claimed that the subject has been sold off to Nakshatra Glow Holding Private Limited as on December 2014. Moreover, the company “Nakshatra Glow Holding Private Limited” is been incorporated in June 2011 with a capital of Rs.0.100 Million and has also not filed any financial statements with the statutory authorities as a result we could not comment upon the same. As per available, management witnessed drastic dip in its revenue base and has reported consecutive losses leading to accumulation of the same during FY 13. Payment terms are unknown due to unavailability of latest financial statements. In view of lack of requisite information the company can be considered for business dealings on a safe and secured trade terms and conditions, further we recommend customary monitoring about the business development.

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: D (Suspended)
Rating Explanation	Lowest credit quality and very prospects of recovery.
Date	19.05.2014

Rating Agency Name	CRISIL
Rating	Short term rating: D (Suspended)
Rating Explanation	Lowest credit quality and very prospects of recovery.
Date	19.05.2014

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 DECLINED BY

Name :	Mr. Suresh Kumar
Designation :	Accountant
Contact No.:	91-44-22501599
Date :	14.01.2015

LOCATIONS

Registered Office :	25-40-12, Pratyusha House, Gangulaveri Street, Near Laxmi Talkies, Visakhpatnam – 530001, Andhra Pradesh, India
Tel. No.:	91-891-2549788 / 2563663
Fax No.:	91-891-2549095
E-Mail :	prathyushag@eth.net suresh@prathyushagroup.com
Factory :	Thuvarasi Village Via Pettai, Tirupani, Karisulkulam, Tirnelveli – 627010, Tamilnadu, India
Branch :	No. 5, Archana Apartment5 No. 10, Sarangapani Street Nagar, Chennai – 600017, India

DIRECTORS

As on 30.09.2013

Name :

Mr. Paruchuri Raja Rao

Designation :

Director

Address :

Plot No. 231, Ground Floor, Sector 4, M V P Colony, Visakhapatnam – 530017, Andhra Pradesh, India

Date of Birth/Age :

01.07.1958

Date of Appointment :

07.03.2002

DIN No.:

00087601

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	U63012AP1993PTC016267	PRATHYUSHA STEVECON PVT LTD	Director	08-09-93	08-09-93	-	Active	NO
2	U74900AP1993PTC016642	PRATHYUSHA GLOBAL TRADE PRIVATE LIMITED	Director	26-11-93	26-11-93	-	Active	NO
3	U45201TN1996PTC035904	PRATHYUSHA ESTATES PRIVATE LIMITED	Director	28-06-96	28-06-96	-	Active	NO
4	U24110AP1999PLC031491	PRATHYUSHA CHEMICALS AND FERTILISERS LIMITED	Director	08-05-01	08-05-01	20-06-07	Active	NO
5	U40109AP2002PTC038615	PRATHYUSHA POWER GEN PRIVATE LIMITED	Director	07-03-02	07-03-02	-	Active	NO
6	U63090AP2002PTC038670	PRATHYUSHA LOGISTICS PRIVATE LIMITED	Director	19-03-02	19-03-02	-	Active	NO
7	U70102TG2002PTC039373	VEDERI ESTATES PRIVATE LIMITED	Director	25-07-02	25-07-02	-	Active	NO
8	U35111AP2005PTC047165	PRATHYUSHA RESOURCES & INFRA PRIVATE LIMITED	Whole-time director	18-08-05	18-08-05	-	Active	NO
9	U45201TN2006PTC058944	SERENE ESTATES PRIVATE LIMITED	Director	22-02-06	22-02-06	-	Active	NO
10	U72200TN2000PTC044576	SERENE INFRASTRUCTURE PRIVATE LIMITED	Managing director	22-10-07	06-05-06	-	Active	NO
11	U45201TN2007PTC062666	SERENE PLAZA PRIVATE LIMITED	Director	08-03-07	08-03-07	06-11-13	Active	NO
12	U29151TN2000PTC044856	OMNE AGATE SYSTEMS PRIVATE LIMITED	Director	26-04-07	26-04-07	21-08-10	Active	NO
13	U26942ML2007PLC008273	GREEN VALLIEY INDUSTRIES LIMITED	Director	31-07-07	31-07-07	24-09-07	Active	NO
14	U74990TN2008PTC066739	BLUE BAY PORT PROJECT PRIVATE LIMITED	Director	07-03-08	07-03-08	-	Strike off	NO
15	U35100TN2008PTC067046	ALLEGRO PROJECTS PRIVATE LIMITED	Director	27-03-08	27-03-08	-	Strike off	NO
16	U45201KA2009PTC051821	PRATHYUSHA INFRA PRIVATE LIMITED	Nominee director	11-12-09	11-12-09	-	Active	NO
17	U45209TN2010PTC092110	GVRMP DHARWAD RAMANAGAR TOLLWAY PRIVATE LIMITED	Director	29-04-10	29-04-10	13-11-10	Active	NO
18	U45209TN2010PTC092111	GVRMP WHAGDHARI RIBBANPALLY TOLLWAY PRIVATE LIMITED	Director	29-04-10	29-04-10	13-11-10	Active	NO
19	U45201TN2010PTC091846	GVRMP BELGAUM KHANAPUR TOLLWAY PRIVATE LIMITED	Director	17-08-10	17-08-10	24-02-11	Active	NO

Name :

Mr. Venkayya Prabhakara Rao Paruchuri

Designation :

Director

Address :

Plot No. 231, Ground Floor, Sector 4, M V P Colony, Visakhapatnam – 530017, Andhra Pradesh, India

Date of Birth/Age :

10.05.1973

Date of Appointment :

18.01.2012

DIN No.:

01047152

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	U35111AP2005PTC047165	PRATHYUSHA RESOURCES & INFRA PRIVATE LIMITED	Director	01-10-06	01-10-06	-	Active	NO
2	U45201TN1996PTC035904	PRATHYUSHA ESTATES PRIVATE LIMITED	Director	17-10-06	17-10-06	-	Active	NO
3	U74990TN2008PTC066739	BLUE BAY PORT PROJECT PRIVATE LIMITED	Director	07-03-08	07-03-08	-	Strike off	NO
4	U35100TN2008PTC067046	ALLEGRO PROJECTS PRIVATE LIMITED	Director	27-03-08	27-03-08	-	Strike off	NO
5	U45201KA2009PTC051821	PRATHYUSHA INFRA PRIVATE LIMITED	Director	11-12-09	11-12-09	-	Active	NO
6	U74900AP1993PTC016642	PRATHYUSHA GLOBAL TRADE PRIVATE LIMITED	Director	29-09-12	18-01-12	-	Active	NO
7	U40109AP2002PTC038615	PRATHYUSHA POWER GEN PRIVATE LIMITED	Director	29-09-12	18-01-12	-	Active	NO
8	U63090AP2002PTC038670	PRATHYUSHA LOGISTICS PRIVATE LIMITED	Director	29-09-12	18-01-12	-	Active	NO

Name :

Mr. Ramachandran Rajamanickam

Designation :

Additional director

Address :

Old No.11, New No.21,, Padmavathiar Road, Gopalapuram, Chennai, 600086, Tamil Nadu, India

Date of Appointment :

02.01.2014

DIN No.:

03063819

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	U72400TN2010PTC074155	RATNAVARA DEVELOPERS PRIVATE LIMITED	Director	09-07-10	09-07-10	-	Converted to LLP and dissolved	NO
2	U70102TN2010PTC077046	NAKSHATHRA LIFESPACES PRIVATE LIMITED	Managing director	18-08-10	18-08-10	-	Active	NO
3	U70200TN2010PTC077832	NAKSHATHRA HOLDINGS PRIVATE LIMITED	Director	26-10-10	26-10-10	-	Active	NO
4	U70101TN2011PTC079478	SANCTUARY ESTATES CHENNAI PRIVATE LIMITED	Director	04-03-11	04-03-11	-	Active	NO
5	U40300TN2013PTC089952	NAKSHATHRA POWER PRIVATE LIMITED	Director	07-03-13	07-03-13	-	Active	NO
6	U40300TN2013PTC090973	NAKSHATHRA WIND POWER PRIVATE LIMITED	Director	06-05-13	06-05-13	-	Active	NO
7	U40109AP2002PTC038615	PRATHYUSHA POWER GEN PRIVATE LIMITED	Additional director	02-01-14	02-01-14	-	Active	NO
8	AAB-4267	RATNAVARA DEVELOPERS LIMITED LIABILITY PARTNERSHIP	Designated Partner	30-03-13	30-03-13	-	Active	NO

Name :

Mr. Rajamanickam Rathan Raj

Designation :

Additional director

Address :

21, Padmavathiar Road, Gopalapuram, Chennai, 600086, Tamil Nadu, India

Date of Appointment :

02.01.2014

DIN No.:

03063832

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	U72400TN2010PTC074155	RATNAVARA DEVELOPERS PRIVATE LIMITED	Director	09-07-10	09-07-10	20-04-11	Converted to LLP and dissolved	NO
2	U70102TN2010PTC077046	NAKSHATHRA LIFESPACES PRIVATE LIMITED	Director	18-08-10	18-08-10	-	Active	NO
3	U70200TN2010PTC077832	NAKSHATHRA HOLDINGS PRIVATE LIMITED	Director	26-10-10	26-10-10	-	Active	NO
4	U70101TN2011PTC079478	SANCTUARY ESTATES CHENNAI PRIVATE LIMITED	Director	18-05-12	18-05-12	-	Active	NO
5	U40300TN2013PTC089952	NAKSHATHRA POWER PRIVATE LIMITED	Director	07-03-13	07-03-13	-	Active	NO
6	U40300TN2013PTC090973	NAKSHATHRA WIND POWER PRIVATE LIMITED	Director	06-05-13	06-05-13	-	Active	NO
7	U40109AP2002PTC038615	PRATHYUSHA POWER GEN PRIVATE LIMITED	Additional director	02-01-14	02-01-14	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Suresh Kumar
Designation :	Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

Names of Shareholders	No. of Shares
Ganta Srinivasa Rao	5755700
Paruchuri Raja Rao	9495100
Prathyusha Global Trade Private Limited, India	1900000
Prathyusha Estates Private Limited, India	2310000
P. V Bhaskar Rao	339200
P. V Prabhakar Rao	200000
Total	20000000

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2013

Category	Percentage
Bodies corporate	21.05
Directors or relatives of Directors	78.95
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of minining, shipping, infrastructure power plants
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

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
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

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

No. of Employees :

Not Divulged

Bankers :

• State Bank of India, Industrial Finance Branch, Raj Bhavan Road, Somajiguda, Hyderabad - 500082, Andhra Pradesh, India
• Indian Bank, 30-9-3, Sarada Street, Dabagardens, Visakhapatnam - 530020, Andhra Pradesh, India

Facilities :

Secured Loan	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
Long-term Borrowings
Indian Overseas Bank,	37.708	63.237
State Bank of India	43.600	62.800
Short-term borrowings
Indian Overseas Bank,	14.800	14.800
State Bank of India - CC	15.700	15.700
State Bank of India – EPC	0.000	3.098
Total	111.808	159.635

Banking Relations :	--
Auditors :
Name :	G. R. Kumar and Company Chartered Accountant
Address :	9, Merry Life Partments, Doctors Colony, Pedawaltair, Visakhapatnam – 530017, Andhra Pradesh, India
Tel. No.:	91-891-2755223/2793300
Fax No.:	91-891-2762009
E-Mail :	info@grk..in
Website:	www.grk.in
PAN N Income-tax PAN of auditor or auditor's firm :	AABFG9812F
Memberships :	--
Collaborators :	--
Associates:	Prathyusha Global Trade (Private) Limited Premier Shipping Services

CAPITAL STRUCTURE

AFTER 30.09.2013

Authorised Capital : Rs. 370.000 Millions

Issued, Subscribed & Paid-up Capital : Rs. 369.100 Millions

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
20000000	Equity Shares	Rs.10/- each	Rs. 200.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
20000000	Equity Shares	Rs.10/- each	Rs. 200.000 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	200.000	200.000	166.760
(b) Reserves & Surplus	(64.788)	(64.756)	(38.377)
(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)	135.212	135.244	128.383
(3) Non-Current Liabilities
(a) long-term borrowings	238.440	269.879	267.127
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(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)	238.440	269.879	267.127
(4) Current Liabilities
(a) Short term borrowings	30.500	33.598	160.500
(b) Trade payables	41.763	33.391	110.323
(c) Other current liabilities	7.580	6.585	5.500
(d) Short-term provisions	0.123	0.108	0.358
Total Current Liabilities (4)	79.966	73.682	276.681
TOTAL	453.618	478.805	672.191
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	388.755	412.849	435.719
(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	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	1.158	1.120	5.372
(e) Other Non-current assets	0.000	0.000	2.522
Total Non-Current Assets	389.913	413.969	443.613
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	61.617	57.225	181.576
(c) Trade receivables	1.486	1.605	23.919
(d) Cash and cash equivalents	0.062	0.497	4.639
(e) Short-term loans and advances	0.159	5.159	18.164
(f) Other current assets	0.381	0.350	0.280
Total Current Assets	63.705	64.836	228.578
TOTAL	453.618	478.805	672.191

PROFIT & LOSS ACCOUNT

PARTICULARS	31.03.2013	31.03.2012	31.03.2011
SALES
Gross Revenue	56.015	190.769	342.220
Other Income	NA	NA	NA
TOTAL	NA	NA	NA
EXPENSES	NA	NA	NA
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	22.728	(0.986)	31.121
DEPRECIATION/ AMORTISATION	22.759	25.392	23.162
PROFIT/ (LOSS) BEFORE TAX	(0.031)	(26.379)	7.959
TAX	0.000	0.000	0.000
PROFIT/ (LOSS) AFTER TAX	(0.031)	(26.379)	7.959
EARNINGS IN FOREIGN CURRENCY
F.O.B. Value of Exports	0.000	92.574	195.899
TOTAL EARNINGS	0.000	92.574	195.899
Earnings / (Loss) Per Share (Rs.)	0.00	NA	NA

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Net Profit Margin (PAT / Sales)	(%)	(0.06)	(13.83)	2.33
Return on Total Assets (PBT/Total Assets}	(%)	(0.01)	(5.51)	1.18
Return on Investment (ROI) (PBT/Networth)		0.00	(0.20)	0.06
Debt Equity Ratio (Total Debt /Networth)		1.99	2.24	3.33
Current Ratio (Current Asset/Current Liability)		0.80	0.88	0.83

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	166.760	200.000	200.000
Reserves & Surplus	(38.377)	(64.756)	(64.788)
Net worth	128.383	135.244	135.212
long-term borrowings	267.127	269.879	238.440
Short term borrowings	160.500	33.598	30.500
Total borrowings	427.627	303.477	268.940
Debt/Equity ratio	3.331	2.244	1.989

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Gross Revenue	342.220	190.769	56.015
		(44.255)	(70.637)

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Gross Revenue	342.220	190.769	56.015
Profit	7.959	(26.379)	(0.031)
	2.33%	(13.83%)	(0.06%)

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

UNSECURED LOAN

PARTICULARS	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
Long-term Borrowings
Loans from directors	84.031	143.842
Associates Companies	73.101	0.000
Total	157.132	143.842

CONTINGENT LIABILITIES:

(Rs. in millions)

PARTICULARS	31.03.2013
Corporate guarantee issued on behalf of the company	1980.000
Case peding before High court, Chennai for disputed sales tax liability	15.525
	1995.525

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10404985	18/02/2013	1,980,000,000.00	INDIAN BANK	30-9-3, SARADA STREET, DABAGARDENS, VISAKHAPATNAM , ANDHRA PRADESH - 530020, INDIA	B68712066
2	10078234	22/12/2010 *	165,700,000.00	STATE BANK OF INDIA	INDUSTRIAL FINANCE BRANCH, RAJ BHAVAN ROAD, SOMAJ IGUDA, HYDERABAD, ANDHRA PRADESH - 500082, INDIA	B05407341
3	10011933	27/06/2006	168,800,000.00	INDIAN OVERSEAS BANK	RING ROAD BRANCH, BENZ CIRCLE, VIJAYAWADA, ANDHRA PRADESH - 520010, INDIA	A02803427
4	90262913	16/11/2005	14,800,000.00	INDIAN OVERSEAS BANK	RING ROAD BRANCH, VIJAYAWADA, ANDHRA PRADESH, INDI A	-
5	90262879	27/06/2006 *	134,800,000.00	STATE BANK OF INDIA	INDUSTRIAL FINANCE BRANCH, SOMAJIGUDA, HYDERABAD, ANDHRA PRADESH - 500016, INDIA	A28376804

* Date of charge modification

FIXED ASSETS

• Land
• Office Equipment
• Furniture and Fixtures
• Factory Building
• Computers
• Vehicles
• Plant and Machinery

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 records 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 records 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.61.76
UK Pound	1	Rs.94.02
Euro	1	Rs.72.63

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	SUB
Report Prepared by :	KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	1
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	1
--PROFITABILITY	1~10	1
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--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		11

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.