MIRA INFORM REPORT

Report No. :	303678
Report Date :	17.01.2015

IDENTIFICATION DETAILS

Name :	HMA CATTLE FARMING PRIVATE LIMITED
Registered Office :	2/220, 2^nd Floor, Glory Plaza, Opposite Sur Sadan, M.G. Road, Agra – 282 002, Uttar Pradesh
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	02.12.2011
Com. Reg. No.:	20-047718
Capital Investment / Paid-up Capital :	Rs.0.100 million
CIN No.: [Company Identification No.]	U01403UP2011PTC047718
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	To purchase and acquire, sell and dispose of, deal in, import, export, breed and fatten cattle, buffalo sheep, horses, goats, poultry, game and livestock of every description, animal feedstuff, animal semen, chemicals, vitamins, hormones and other substances related to breeding or treatment of livestock and poultry and other commodities, goods or things connected therewith or related thereto.
No. of Employees :	Information declined by the Management.

RATING & COMMENTS

MIRA’s Rating :

B (26)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 39300
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an established company having moderate 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 source. The company has earned some income from job work during the year 2013. Mr. Anil Israni, Chartered Accountant denied to part any information about the company. As per registrar of companies the status of the company is shown as active. Payment terms are unknown. The company can be considered for business dealings with great caution.

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

NOT AVAILABLE

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. Anil Israni
Designation :	Chartered Accountant
Contact No.:	91-9897433169
Date :	16.01.2015

LOCATIONS

Registered Office :	2/220, 2^nd Floor, Glory Plaza, Opposite Sur Sadan, M.G. Road, Agra – 282 002, Uttar Pradesh, India
Tel. No. :	91-562-4000188/ 2523230
Mobile No.:	91-9897433169 (Mr. Anil Israni)
Fax No. :	Not Available
E-Mail :	rumeshchandra@ymail.com

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Wajid Ahmad

Designation :

Director

Address :

18/129-A, Malkon Gali, Taj Ganj, Agra – 282 001, Uttar Pradesh, India

Date of Birth/Age :

04.08.1983

Date of Appointment :

02.12.2011

DIN No. :

01312261

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	U01403UP2009PTC038747	HMA FOOD EXPORT PRIVATE LIMITED	Director	23/11/2009	23/11/2009	-	Active	NO
2	U01403UP2011PLC047316	HMA NATURAL FOODS LIMITED	Director	08/11/2011	08/11/2011	-	Active	NO
3	U01403UP2011PTC047718	HMA CATTLE FARMING PRIVATE LIMITED	Director	02/12/2011	02/12/2011	-	Active	NO
4	U01403UP2008PLC034977	HMA AGRO INDUSTRIES LIMITED	Director	01/04/2013	01/04/2013	-	Active	NO
5	U72300UP2013PLC056262	HMA INFO SOLUTIONS LIMITED	Director	17/04/2013	17/04/2013	-	Active	NO
6	U50102UP2013PTC057360	HMA AUTOMOBILES PRIVATE LIMITED	Director	31/05/2013	31/05/2013	-	Active	NO
7	U01403UP2013PLC059589	MUFEEZ FOOD EXPORT LIMITED	Director	16/09/2013	16/09/2013	-	Active	NO
8	U19129UP2014PTC062087	HMA LEATHER EXPORT PRIVATE LIMITED	Director	01/03/2014	01/03/2014	-	Active	NO

Name :

Mr. Parvez Alam

Designation :

Director

Address :

46, Shehzadi Mandi, Sadar Bazar, Agra – 282 001, Uttar Pradesh, India

Date of Birth/Age :

15.08.1962

Date of Appointment :

02.12.2013

DIN No. :

01312276

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	U01403UP2009PTC038747	HMA FOOD EXPORT PRIVATE LIMITED	Director	01/11/2010	23/11/2009	-	Active	NO
2	U01403UP2013PLC059589	MUFEEZ FOOD EXPORT LIMITED	Director	16/09/2013	16/09/2013	-	Active	NO
3	U01403UP2011PTC047718	HMA CATTLE FARMING PRIVATE LIMITED	Director	02/12/2013	02/12/2013	-	Active	NO

Name :

Mr. Gulzar Ahmad

Designation :

Director

Address :

18/14-A, Malkon Gali, Taj Ganj, Agra – 282 001, Uttar Pradesh, India

Date of Birth/Age :

15.07.1966

Date of Appointment :

02.12.2011

DIN No. :

01312305

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	U15201UP2007PTC033389	HMA HYGIENIC FOODS INDUSTRIES PRIVATE LIMITED	Whole-time director	01/04/2009	31/05/2007	-	Active	NO
2	U01403UP2008PLC034977	HMA AGRO INDUSTRIES LIMITED	Managing director	01/04/2009	09/04/2008	-	Active	NO
3	U01403UP2009PTC038747	HMA FOOD EXPORT PRIVATE LIMITED	Director	23/11/2009	23/11/2009	-	Active	NO
4	U01403UP2011PTC047718	HMA CATTLE FARMING PRIVATE LIMITED	Director	02/12/2011	02/12/2011	-	Active	NO
5	U15549MH2012PTC237862	AL-BAKSH AGRO PRIVATE LIMITED	Director	12/11/2012	12/11/2012	-	Active	NO
6	U01403UP2013PLC059589	MUFEEZ FOOD EXPORT LIMITED	Director	16/09/2013	16/09/2013	-	Active	NO

Name :

Mr. Mohd Ashraf Qureshi

Designation :

Director

Address :

18/129-A, Malkon Gali, Taj Ganj, Agra – 282 001, Uttar Pradesh, India

Date of Birth/Age :

12.03.1973

Date of Appointment :

02.12.2011

DIN No. :

01312326

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	U15201UP2007PTC033389	HMA HYGIENIC FOODS INDUSTRIES PRIVATE LIMITED	Managing director	01/04/2009	31/05/2007	-	Active	NO
2	U01403UP2008PLC034977	HMA AGRO INDUSTRIES LIMITED	Whole-time director	01/04/2009	09/04/2008	-	Active	NO
3	U01403UP2009PTC038747	HMA FOOD EXPORT PRIVATE LIMITED	Director	23/11/2009	23/11/2009	-	Active	NO
4	U01403UP2011PTC047718	HMA CATTLE FARMING PRIVATE LIMITED	Director	02/12/2011	02/12/2011	-	Active	NO
5	U74210MH1989PTC052847	GAUSIA COLD STORAGE PRIVATE LIMITED	Director	15/04/2013	15/01/2013	-	Active	NO
6	U70102UP2013PTC054841	TAJVIEW BUILDERS AND PROMOTERS PRIVATE LIMITED	Director	31/01/2013	31/01/2013	-	Active	NO
7	U55204UP2013PTC054848	HMA PALACE PRIVATE LIMITED	Director	31/01/2013	31/01/2013	-	Active	NO
8	U51909MH2013PTC240471	HMA EXPORT PRIVATE LIMITED	Director	14/02/2013	14/02/2013	-	Active	NO
9	U70102UP2013PTC055078	TAJVIEW CONSTRUCTIONS PRIVATE LIMITED	Director	15/02/2013	15/02/2013	-	Active	NO
10	U01403UP2013PLC059589	MUFEEZ FOOD EXPORT LIMITED	Director	16/09/2013	16/09/2013	-	Active	NO
11	U19129UP2014PTC062087	HMA LEATHER EXPORT PRIVATE LIMITED	Director	20/01/2014	20/01/2014	-	Active	NO
12	U15400DL2013PTC253044	FEDERAL AGRO INDUSTRIES PRIVATE LIMITED	Director	30/04/2014	25/04/2014	-	Active	NO
13	U45400UP2012PTC049435	SAMRADHI INFRATECH PRIVATE LIMITED	Additional director	25/06/2014	25/06/2014	-	Active	NO
14	AAC-3353	AGRA BETTER HOMES LLP	Designated Partner	30/05/2014	30/05/2014	-	Active	NO
15	AAC-8376	INDUS FARMERS FOOD CO. LLP	Designated Partner	21/10/2014	21/10/2014	-	Active	NO

Name :

Mr. Mohammad Mehmood Qureshi

Designation :

Director

Address :

18/129-A, Malkon Gali, Taj Ganj, Agra – 282 001, Uttar Pradesh, India

Date of Birth/Age :

12.03.1973

Date of Appointment :

02.12.2011

DIN No. :

02839611

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	U01403UP2009PTC038747	HMA FOOD EXPORT PRIVATE LIMITED	Director	23/11/2009	23/11/2009	-	Active	NO
2	U01403UP2011PLC047316	HMA NATURAL FOODS LIMITED	Director	08/11/2011	08/11/2011	-	Active	NO
3	U01403UP2011PTC047718	HMA CATTLE FARMING PRIVATE LIMITED	Director	02/12/2011	02/12/2011	-	Active	NO
4	U70102UP2013PTC054841	TAJVIEW BUILDERS AND PROMOTERS PRIVATE LIMITED	Director	31/01/2013	31/01/2013	-	Active	NO
5	U55204UP2013PTC054848	HMA PALACE PRIVATE LIMITED	Director	31/01/2013	31/01/2013	-	Active	NO
6	U70102UP2013PTC055078	TAJVIEW CONSTRUCTIONS PRIVATE LIMITED	Director	15/02/2013	15/02/2013	-	Active	NO
7	U01403UP2013PLC059589	MUFEEZ FOOD EXPORT LIMITED	Director	16/09/2013	16/09/2013	-	Active	NO
8	AAC-8376	INDUS FARMERS FOOD CO. LLP	Designated Partner	21/10/2014	21/10/2014	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares	Percentage of holding
Mohd. Gulzar Ahmed	342500	25.00
Mohd. Ashraf Qureshi	342500	25.00
Mohd. Mehmood Qureshi	342500	25.00
Mohd. Wajid Ahmed	342500	25.00
Total	1370000	100.00

AS ON 30.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Directors or relatives of Directors	100.00

BUSINESS DETAILS

Line of Business :	To purchase and acquire, sell and dispose of, deal in, import, export, breed and fatten cattle, buffalo sheep, horses, goats, poultry, game and livestock of every description, animal feedstuff, animal semen, chemicals, vitamins, hormones and other substances related to breeding or treatment of livestock and poultry and other commodities, goods or things connected therewith or related thereto.
Products :	Poultry and Other Commodities
Brand Names :	Not Available
Agencies Held :	Not Available
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
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 :

Banker Name	State Bank of India
Branch Address	Not Divulged
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Banking Relations :	--
Auditors :
Name :	Israni Anil and Company Chartered Accountants
Address :	C-65-A, Anand Puram, Near Prithvinath Mandir, Shahganj, Agra – 282 010, Uttar Pradesh, India
Mobile No.:	91-9897433169
E-Mail :	Israni.ca@gmail.com
PAN No.:	AANPI7515B
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
2000000	Equity Shares	Rs.10/- each	Rs.20.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1370000	Equity Shares	Rs.10/- each	Rs.13.700 millions

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.10/- each	Rs.0.500 million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1) Shareholders' Funds
(a) Share Capital	0.100	0.100
(b) Reserves & Surplus	0.067	(0.007)
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	13.600	13.600
Total Shareholders’ Funds (1) + (2)	13.767	13.693
(3) Non-Current Liabilities
(a) Long-term borrowings	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) Long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	0.000	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000
(b) Trade payables	0.000	0.000
(c) Other current liabilities	0.000	0.000
(d) Short-term provisions	0.038	0.002
Total Current Liabilities (4)	0.038	0.002
TOTAL	13.805	13.695
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	13.191	13.191
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	13.191	13.191
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	0.000	0.000
(c) Trade receivables	0.000	0.000
(d) Cash and cash equivalents	0.579	0.484
(e) Short-term loans and advances	0.020	0.000
(f) Preliminary Expenses to the extent not w/off	0.015	0.020
Total Current Assets	0.614	0.504
TOTAL	13.805	13.695

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012
	SALES
		Revenue from Operation	7.591	0.000
		TOTAL	7.591	0.000
Less	EXPENSES
		Purchases of Stock-in-trade	5.774	0.000
		Employee Benefit Costs	1.468	0.000
		Other Expenses	0.242	0.007
		TOTAL	7.484	0.007
	PROFIT/ (LOSS) BEFORE TAX		0.107	(0.007)
Less	TAX		0.033	0.000
	PROFIT/ (LOSS) AFTER TAX		0.074	(0.007)
	Earnings / (Loss) Per Share (Rs.)		7.40	(0.70)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	0.97	0.00
Return on Total Assets (PBT/Total Assets}	(%)	0.78	(0.05)
Return on Investment (ROI) (PBT/Networth)		0.01	0.00
Debt Equity Ratio (Total Debt/Networth)		0.00	0.00
Current Ratio (Current Asset/Current Liability)		16.16	252.00

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013
	(INR in Mlns.)	(INR in Mlns.)
Share Capital	0.100	0.100
Reserves & Surplus	-0.007	0.067
Money received against share warrants	0.000	0.000
Share Application money pending allotment	13.600	13.600
Net worth	13.693	13.767
Long Term borrowings	0.000	0.000
Short Term borrowings	0.000	0.000
Total borrowings	0.000	0.000
Debt/Equity ratio	0.000	0.000

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013
	(INR in Mlns)	(INR in Mlns)
Total Income	0.000	7.591

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013
	(INR in Mlns)	(INR in Mlns)
Total Income	0.000	7.591
Profit	(0.007)	0.074
		0.97%

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 about 1 year 4 months	Yes
12]	Profitability for last about 1 year 4 months	Yes
13]	Reasons for variation <> 20%	-----
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	No
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	No
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	No

INDEX OF CHARGES

No Charges Exist for Company.

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 :	PPT
Analysis Done by :	DIV
Report Prepared by :	SMN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
-- PROFITABILITY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	2
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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		26

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.