MIRA INFORM REPORT

Report No. :	304035
Report Date :	17.01.2014

IDENTIFICATION DETAILS

Name :	BOMMIDALA ENTERPRISES PRIVATE LIMITED

Registered Office :	Bommidala House, Mangalagiri Road, Guntur – 522001, Andhra Pradesh

Country :	India

Financials (as on) :	31.03.2013

Date of Incorporation :	13.06.1996

Com. Reg. No.:	01-024340

Capital Investment / Paid-up Capital :	Rs.1.354 Millions

CIN No.: [Company Identification No.]	U16000AP1996PTC024340

IEC No.:	Not Available

TAN No.: [Tax Deduction & Collection Account No.]	Not Available

PAN No.: [Permanent Account No.]	AAACB9064G

Legal Form :	Private Limited Liability Company

Line of Business :	Manufacturer and Trader of Tobacco and Cigarettes and are the distributors of leading brands in liquor and spirits.

No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 2000000

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, the financial position of the company seems to be sound. Trade relations are reported as fair. Business is active. Payments 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

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	ICRA
Rating	Long term = BBB+
Rating Explanation	Moderate degree of safety. It carry moderate credit.
Date	September, 2014

Rating Agency Name	ICRA
Rating	Short term = A2+
Rating Explanation	Strong degree of safety and low credit risk.
Date	September, 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 DENIED

Management Non-Co-operative (91-863-2356772)

LOCATIONS

Registered Office :	Bommidala House, Mangalagiri Road, Guntur – 522001, Andhra Pradesh, India
Tel. No.:	91-863-2356772
Fax No.:	Not Available
E-Mail :	bepl@bommidala.com bepl@bbmbommidala.com sales@bbmbommidala.com info@bbmbommidala.com srao@bommidala.com
Website :	www.bbmbommidala.com

DIRECTORS

As on 30.09.2014

Name :

Mr. Bhanu Murthy Bommidala

Designation :

Chairman Cum Managing Director

Address :

B Bhanu Murthy DNO-4-5-7/1, Sri Lakshmi Nilayam, Ring Road, Guntur – 522006, Andhra Pradesh, India

Date of Birth/Age :

10.07.1931

Date of Appointment :

13.06.1996

DIN No.:

01190364

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	U99999AP1970PTC001379	BOMMIDALA BROTHERS PRIVATE LTD	Managing director	29/12/1970	29/12/1970	-	Active	NO
2	U16005TN1977PTC007403	PREMIER TOBACCO PACKERS PRIVATE LIMITED	Director	24/11/1977	24/11/1977	-	Active	NO
3	U16001TG1984PTC004983	HILTON TOBACCOS PRIVATE LIMITED	Director	27/08/1985	27/08/1985	-	Active	NO
4	U01113TG1994PLC018640	BBM INFRA LIMITED	Director	27/10/1994	27/10/1994	-	Active	NO
5	U16000AP1996PTC024340	BOMMIDALA ENTERPRISES PRIVATE LIMITED	Managing director	13/06/1996	13/06/1996	-	Active	NO
6	U15312AP1983PTC004001	GOTTIPATI BROTHERS BOILED RICE AND AGRO PRODUCTS P.LTD.	Director	22/07/1998	22/07/1998	-	Active	NO
7	U24230TG1957PTC000769	BIO-PHARMA LABORATORIES PRIVATE LIMITED	Director	11/07/2002	11/07/2002	-	Active	NO
8	U51505DL1997PTC090786	AKSHAT OVERSEAS PRIVATE LIMITED	Director	10/02/2004	10/02/2004	-	Active	NO
9	U24110TG1988PTC008252	VINDHYA ORGANICS Private Limited	Director	06/05/2004	06/05/2004	03/12/2009	Active	NO
10	U85110AP1997PTC026337	GUNTUR CANCER CARE CENTRE PRIVATE LIMITED	Director	30/09/2004	30/09/2004	-	Active	NO
11	U67120KA1993PTC032116	BBM ESTATES PRIVATE LIMITED	Director	30/09/2014	13/12/2013	-	Active	NO

Name :

Mr. Sriman Narayana Bommidala

Designation :

Director

Address :

B V S Narayana, DNO-4-5-7/1, Sri Lakshmi Nilayam, Ring Road, Guntur-522006, Andhra Pradesh, India

Date of Birth/Age :

17.06.1960

Date of Appointment :

13.06.1996

DIN No.:

00915929

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	U16001TG1984PTC004983	HILTON TOBACCOS PRIVATE LIMITED	Director	24/09/1984	24/09/1984	-	Active	NO
2	U15494TG1986PTC006151	MAXWELL HEALTH FOODS PVT LTD	Director	10/02/1986	10/02/1986	-	Active	NO
3	U24230TG1957PTC000769	BIO-PHARMA LABORATORIES PRIVATE LIMITED	Director	31/08/1990	31/08/1990	-	Active	NO
4	U65921TG1994PLC017686	BOMMIDALA FINANCIAL SERVICES LTD,	Director	10/06/1994	10/06/1994	-	Active	NO
5	U01113TG1994PLC018640	BBM INFRA LIMITED	Director	27/10/1994	27/10/1994	-	Active	NO
6	U29119TG1994PLC018895	BOMMIDALA INDUSTRIES LIMITED	Director	07/12/1994	07/12/1994	-	Active	NO
7	U16000AP1996PTC024340	BOMMIDALA ENTERPRISES PRIVATE LIMITED	Director	13/06/1996	13/06/1996	-	Active	NO
8	U16005TN1977PTC007403	PREMIER TOBACCO PACKERS PRIVATE LIMITED	Director	29/07/1996	29/07/1996	-	Active	NO
9	U15312AP1983PTC004001	GOTTIPATI BROTHERS BOILED RICE AND AGRO PRODUCTS P.LTD.	Director	22/07/1998	22/07/1998	-	Active	NO
10	U72200TG1999PTC032104	BBM INFOTECH PRIVATE LIMITED	Director	15/07/1999	15/07/1999	-	Active	NO
11	U51505DL1997PTC090786	AKSHAT OVERSEAS PRIVATE LIMITED	Nominee director	10/02/2004	10/02/2004	-	Active	NO
12	U24110TG1988PTC008252	VINDHYA ORGANICS Private Limited	Director	06/05/2004	06/05/2004	03/12/2009	Active	NO
13	U63032TG2008PTC059929	BWC FORWARDERS PRIVATE LIMITED	Director	30/06/2008	30/06/2008	31/03/2012	Active	NO
14	U67120KA1993PTC032116	BBM ESTATES PRIVATE LIMITED	Director	30/09/2014	13/12/2013	-	Active	NO

Name :

Mr. Venkata Sri Raja Prasad Bommidala

Designation :

Director

Address :

8-2-293/82/A/1322, Jubilee Hills Hyderabad-500033 Andhra Pradesh, India

Date of Birth/Age :

20.07.1971

Date of Appointment :

13.06.1996

DIN No.:

01734681

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	U16001AP1989PTC010663	CIRCAR TOBACCO TRADERS PVT. LTD.	Director	29/12/1990	29/12/1990	-	Active	NO
2	U16001TG1984PTC004983	HILTON TOBACCOS PRIVATE LIMITED	Managing director	01/04/2008	11/05/1992	-	Active	NO
3	U15494TG1986PTC006151	MAXWELL HEALTH FOODS PVT LTD	Director	08/04/1993	08/04/1993	-	Active	NO
4	U24230TG1957PTC000769	BIO-PHARMA LABORATORIES PRIVATE LIMITED	Director	08/04/1993	08/04/1993	-	Active	NO
5	U65921TG1994PLC017686	BOMMIDALA FINANCIAL SERVICES LTD,	Director	10/06/1994	10/06/1994	-	Active	NO
6	U01113TG1994PLC018640	BBM INFRA LIMITED	Director	27/10/1994	27/10/1994	-	Active	NO
7	U29119TG1994PLC018895	BOMMIDALA INDUSTRIES LIMITED	Director	07/12/1994	07/12/1994	-	Active	NO
8	U16000AP1996PTC024340	BOMMIDALA ENTERPRISES PRIVATE LIMITED	Director	13/06/1996	13/06/1996	-	Active	NO
9	U16005TN1977PTC007403	PREMIER TOBACCO PACKERS PRIVATE LIMITED	Director	29/07/1996	29/07/1996	-	Active	NO
10	U15312AP1983PTC004001	GOTTIPATI BROTHERS BOILED RICE AND AGRO PRODUCTS P.LTD.	Director	22/07/1998	22/07/1998	-	Active	NO
11	U72200TG1999PTC032104	BBM INFOTECH PRIVATE LIMITED	Director	15/07/1999	15/07/1999	-	Active	NO
12	U24110TG1988PTC008252	VINDHYA ORGANICS Private Limited	Director	06/05/2004	06/05/2004	03/12/2009	Active	NO
13	U72900TG2002PLC038660	VASAVI PROSOFT TRANSCRIPTION LIMITED	Director	30/04/2007	30/04/2007	23/03/2012	Active	NO
14	U45200TG2008PTC058058	ECOSAFE INFRATECH PRIVATE LIMITED	Director	08/03/2008	08/03/2008	-	Strike off	NO
15	U63032TG2008PTC059929	BWC FORWARDERS PRIVATE LIMITED	Director	30/06/2008	30/06/2008	22/12/2011	Active	NO
16	L01122KA1994PLC016834	Karuturi Global Limited	Director	25/09/2010	29/01/2010	22/07/2014	Active	NO
17	U93000TG2007NPL055534	YOUNG PRESIDENT'S ORGANISATION HYDERABAD CHAPTER	Director	26/07/2012	26/07/2012	15/11/2014	Active	NO
18	U67120KA1993PTC032116	BBM ESTATES PRIVATE LIMITED	Director	30/09/2014	13/12/2013	-	Active	NO

Name :

Mr. Venkata Srikoti Ratnam Bommidala

Designation :

Director

Address :

B V S K Ratnam, 4-5-7/1, Sri Lakshmi Nilayam, Ring Road, Guntur-522006, Andhra Pradesh, India

Date of Birth/Age :

20.05.1963

Date of Appointment :

13.06.1996

DIN No.:

01735096

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	U16001TG1984PTC004983	HILTON TOBACCOS PRIVATE LIMITED	Director	27/08/1985	27/08/1985	-	Active	NO
2	U15494TG1986PTC006151	MAXWELL HEALTH FOODS PVT LTD	Director	28/04/1987	28/04/1987	-	Active	NO
3	U24230TG1957PTC000769	BIO-PHARMA LABORATORIES PRIVATE LIMITED	Director	31/08/1990	31/08/1990	-	Active	NO
4	U65921TG1994PLC017686	BOMMIDALA FINANCIAL SERVICES LTD,	Director	10/06/1994	10/06/1994	-	Active	NO
5	U01113TG1994PLC018640	BBM INFRA LIMITED	Director	27/10/1994	27/10/1994	-	Active	NO
6	U16000AP1996PTC024340	BOMMIDALA ENTERPRISES PRIVATE LIMITED	Director	13/06/1996	13/06/1996	-	Active	NO
7	U16005TN1977PTC007403	PREMIER TOBACCO PACKERS PRIVATE LIMITED	Director	29/07/1996	29/07/1996	-	Active	NO
8	U29119TG1994PLC018895	BOMMIDALA INDUSTRIES LIMITED	Director	07/07/1997	07/07/1997	-	Active	NO
9	U15312AP1983PTC004001	GOTTIPATI BROTHERS BOILED RICE AND AGRO PRODUCTS P.LTD.	Director	22/07/1998	22/07/1998	-	Active	NO
10	U72200TG1999PTC032104	BBM INFOTECH PRIVATE LIMITED	Director	15/07/1999	15/07/1999	-	Active	NO
11	U24110TG1988PTC008252	VINDHYA ORGANICS Private Limited	Director	06/05/2004	06/05/2004	03/12/2009	Active	NO
12	U63032TG2008PTC059929	BWC FORWARDERS PRIVATE LIMITED	Director	30/06/2008	30/06/2008	31/03/2012	Active	NO
13	U67120KA1993PTC032116	BBM ESTATES PRIVATE LIMITED	Director	30/09/2014	13/12/2013	-	Active	NO

MAJOR SHAREHOLDERS

As on 30.09.2014

Names of Shareholders	No. of Shares
Bommidala Brothers (Private) Limited, India Represented by B Bhanu Murthy	11300
Bommidala Brothers (Private) Limited, India Nominees by B V S Narayana	100
Bommidala Bhanu Murthy	248000
Total	259400

As on 30.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Bodies corporate	4.39
Directors or relatives of Directors	95.61
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Trader of Tobacco and Cigarettes and are the distributors of leading brands in liquor and spirits.

Products :

Item Code No. (ITC Code)	Product Description
24011070	Tobacco

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Selling :

Not Divulged

Purchasing :

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
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

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 :

Information declined by the management.

Bankers :

ICICI Bank Limited, Land Mark, Race Cource Circle, Alkapuri, Baroda – 390015, Gujarat, India
Andhra Bank, Guntur Main Branch, Gowri Shankar Theatre Road, Guntur – 522001, Andhra Pradesh, India

Facilities :

SECURED LOANS	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
SHORT TERM BORROWINGS
Working capital loans from banks	148.248	66.605
Total	148.248	66.605


Auditors :
Name :	Brahmayya and Company Chartered Accountants
Address :	10-3-21, Sambasivapet, Guntur – 522001, Andhra Pradesh, India
PAN No.:	AADFB8032G

Memberships :	Not Available

Collaborators :	Not Available

Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	Bommidala Enterprises Aberdeen International FZE B.V.Srimannarayana and Brothers BBM Infra Limited BWC Forwarders Private Limited Bio Pharma Laboratories Private Limited Bommidala Industries Limited Gottipati Bro. Boiled Rice and Agro Products Private Limited Hilton Tobaccos Hilton Tobaccos Private Limited Premier Tobacco Packers Private Limited RajeswarI Warehousing Complex

Subsidiary company :	Akshat Overseas Private Limited

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

270000	Equity Shares	Rs.10/-each	Rs.2.700 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

259400	Equity Shares	Rs.10/-each	Rs.2.594 Millions

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount

270000	Equity Shares	Rs.10/-each	Rs.2.700 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

135400	Equity Shares	Rs.10/-each	Rs.1.354 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	1.354	1.354	0.114
(b) Reserves & Surplus	757.417	664.396	622.480
(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)	758.771	665.750	622.594

(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.215
(b) Deferred tax liabilities (Net)	8.593	14.994	0.000
(c) Other long term liabilities	0.443	0.443	0.443
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	9.036	15.437	0.658

(4) Current Liabilities
(a) Short term borrowings	148.248	66.605	99.742
(b) Trade payables	526.976	175.588	92.534
(c) Other current liabilities	59.624	125.207	101.103
(d) Short-term provisions	78.405	60.260	46.228
Total Current Liabilities (4)	813.253	427.660	339.607

TOTAL	1581.060	1108.847	962.859

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	120.173	147.547	77.917
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	76.752
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	443.381	134.093	42.483
(c) Deferred tax assets (net)	0.000	0.000	3.705
(d) Long-term Loan and Advances	0.670	0.636	0.441
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	564.224	282.276	201.298

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	394.889	201.019	108.761
(c) Trade receivables	296.510	326.684	251.698
(d) Cash and cash equivalents	167.733	139.759	177.476
(e) Short-term loans and advances	157.704	159.109	223.626
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	1016.836	826.571	761.561

TOTAL	1581.060	1108.847	962.859

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013	31.03.2012	31.03.2011

	SALES	NA	NA	NA

	EXPENSES	NA	NA	NA

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	121.249	104.452	87.480

Less/ Add	DEPRECIATION/ AMORTISATION	27.822	29.805	22.469

	PROFIT/ (LOSS) BEFORE TAX	93.427	74.647	65.011

Less	TAX	18.144	14.031	17.550

	PROFIT/ (LOSS) AFTER TAX	75.283	60.616	47.461

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD (K)	271.608	229.693	184.933

Less	APPROPRIATIONS
	Transfer to General Reserve	17.739	18.699	-2.194
	Tax on Dividend	0.000	0.000	-0.105
	Total (M)	17.739	18.699	-2.299

	Balance Carried to the B/S	329.152	271.610	234.693

	Earnings / (Loss) Per Share (Rs.)	556.00	447.68	350.52

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011

Return on Total Assets (PBT/Total Assets}	(%)	8.21	7.66	7.74

Return on Investment (ROI) (PBT/Networth)		0.12	0.11	0.10

Debt Equity Ratio (Total Liability/Networth)		0.20	0.10	0.16

Current Ratio (Current Asset/Current Liability)		1.25	1.93	2.24

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	0.114	1.354	1.354
Reserves & Surplus	622.480	664.396	757.417
Net worth	622.594	665.750	758.771

long-term borrowings	0.215	0.000	0.000
Short term borrowings	99.742	66.605	148.248
Total borrowings	99.957	66.605	148.248
Debt/Equity ratio	0.161	0.100	0.195

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	No
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

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10524191	16/09/2014	800,000,000.00	State Bank of India	Specialized Commercial Branch, Kannavari Thota, Guntur, Andhra Pradesh - 522004, INDIA	C26364497
2	10402353	28/12/2012	500,000,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA	B67867622

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.61.89
UK Pound	1	Rs.93.92
Euro	1	Rs.72.01

INFORMATION DETAILS

Information Gathered by :	NYA

Analysis Done by :	DIV

Report Prepared by :	PNM

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	7
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		50

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	--

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.

MIRA INFORM REPORT

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