MIRA INFORM REPORT

Report No. :	331893
Report Date :	11.07.2015

IDENTIFICATION DETAILS

Name :	KARAMTARA ENGINEERING PRIVATE LIMITED

Registered Office :	705, Morya Landmark II, New Link Road, Andheri (West), Mumbai – 400 053, Maharashtra
Tel No.:	91-22-26731000

Country :	India

Financials (as on) :	31.03.2015

Date of Incorporation :	08.05.1996

Com. Reg. No.:	11-099333

Capital Investment / Paid-up Capital :	Rs.55.325 Million

CIN No.: [Company Identification No.]	U45207MH1996PTC099333

IEC No.:	0300070292

TAN No.: [Tax Deduction & Collection Account No.]	MUMK07352C

PAN No.: [Permanent Account No.]	AABCK1921E

Legal Form :	Private Limited Liability Company

Line of Business :	The company is a leading player in Transmission and Distribution sector engaged in Manufacturing of Transmission Line Tower, high quality Mild Steel Fasteners, nuts and bolts, washers, antitheft nuts, Hot Rolled (High Tensile and Mild) Structural Steel, Hardware and fittings etc. The Company is catering to the entire Transmission and Distribution industry in India and also to many countries in the World.

No. of Employees :	1180 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (54)

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

Status :	Good

Payment Behaviour :	Regular

Litigation :	Clear

Comments :	Subject is an old and established company incorporated during 1996 having a good track record. Available financial indicates company sound financial risk profile marked by decent net worth position with low borrowings and good profitability margin of the company. Trade relations are reported as fair. Business is active. Payments terms are reported to be regular and as per commitment. In view of long track record and acceptable financial base, 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 – March 31, 2015

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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 Loan = A-
Rating Explanation	Adequate degree of safety and carry low credit risk.
Date	December 2014

Rating Agency Name	ICRA
Rating	Short Term Loan = A1
Rating Explanation	Very strong degree of safety and carry lowest credit risk.
Date	December 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 31-03-2013.

INFORMATION PARTED BY

Name :	Mr. Prasanta Kumar Nath
Designation :	GM Finance
Contact No.:	91-9561082155

Name :	Mr. Rakesh Ghalme
Designation :	Manager Finance
Contact No.:	91-7387099778

LOCATIONS

Registered Office/ Corporate Office :	705, Morya Landmark II, New Link Road, Andheri (West), Mumbai – 400 053, Maharashtra, India
Tel. No.:	91-22-26731000/ 40710000
Mobile No.:	91-9561082155 (Mr. Prasanta Kumar Nath) 91-7387099778 (Mr. Rakesh Ghalme)
Fax No.:	91-22-26731015
E-Mail :	prasad.oak@karamtara.com prasanta@karamtara.com kcpl@sancharnet.in sales@karamtara.com sales.profiles@karamtara.com rakesh.ghalme@karamtara.com
Website :	www.karamtara.com
Location:	Leased

Factory 1 :	Plot No.B-8/2, MIDC, Tarapur, Thane – 401 506, Maharashtra, India
Tel. No.:	91-2525-261640
Fax No.:	91-2525-261540

Factory 2 :	Survey No. 54, Hissa No. 1A, Survey No. 55, Hissa No. 1 & Survey No. 58, Hissa No. 1, Survey No. 53, Survey No. 54, Hissa No. 1B, Survey No. 55, Hissa No. 2, Survey No. 56, Survey No. 57, Hissa No. 5 at Village Saravali, (Boisar, District Thane -401506, Maharashtra, India
Tel. No.:	91-2525-205192/ 91
Fax No.:	91-2525-261460

Factory 3 :	Plot No.B-212, MIDC Industrial Area, Butibori, Nagpur – 441 108, Maharashtra, India
Tel. No.:	91-7104-265495/ 91
Fax No.:	91-7104-265494

Factory 4 :	Plot No.G-3/1 and 2 ,G-89, MIDC, Tarapur, Palghar, Thane – 401 506, Maharashtra, India
Tel. No.:	91-2525-278965

Factory 5 :	A-12, Tarapur MIDC ,Boisar, District Thane -401506, Maharashtra, India

DIRECTORS

AS ON 27.09.2014

Name :	Mr. Rajiv Singh
Designation :	Managing Director
Address :	401, 4^th Floor, Goswami Towers, Jai Hind Society, 11^th NS Road, Juhu, Mumbai – 400 049, Maharashtra, India
Date of Birth/Age :	07.03.1973
Qualification:	MBA
Date of Appointment :	16.06.2014
PAN No.:	AMOPS1063P
DIN No.:	01689209

Name :	Mr. Tanveer Singh
Designation :	Managing Director
Address :	401, 4^th Floor, Goswami Towers, Jai Hind Society, 11^th NS Road, Juhu, Mumbai – 400 049, Maharashtra, India
Date of Birth/Age :	21.01.1970
Qualification:	Engineer and MBA
Date of Appointment :	02.09.2013
PAN No.:	AFXPS8197J
DIN No.:	01689287

Name :	Mr. Hanwant Manbir Singh
Designation :	Director
Address :	401, 4^th Floor, Goswami Towers, Jai Hind Society, 11^th NS Road, Juhu, Mumbai – 400 049, Maharashtra, India
Date of Birth/Age :	02.03.1938
Qualification:	MS
Date of Appointment :	07.11.2001
PAN No.:	ADUPS2432D
DIN No.:	00583469

Name :	Mr. Shreyans Jitendra Shah
Designation :	Whole-time Director
Address :	B-122, Madhuban Apartment, Worli Hill Road, Worli, Mumbai – 400 018, Maharashtra, India
Date of Birth/Age :	01.05.1974
Qualification:	MBA
Date of Appointment :	02.09.2013
DIN No.:	01649714

KEY EXECUTIVES

Name :	Mr. Prasad Arun Oak
Designation :	Secretary
Address :	506, Anil Apartment CHS, Near VPM School, Off Mithagar Road, Mulund (East), Mumbai – 400 081, Maharashtra, India
Date of Birth/Age :	16.05.1978
Date of Appointment :	01.03.2012
PAN No.:	AAHPO1985B

Name :	Mr. Prasanta Kumar Nath
Designation :	GM Finance

Name :	Mr. Rakesh Ghalme
Designation :	Manager Finance

MAJOR SHAREHOLDERS

AS ON 27.09.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Inderjeet Singh	1383125	25.00
Tanveer Singh	1383125	25.00
Rajiv Singh	1383125	25.00
Hanwant Manbir Singh	1383125	25.00
Total	5532500	100.00

Equity Share Break up (Percentage of Total Equity)

AS ON 27.09.2014

Category	Percentage of Holding
Directors or relatives of Directors	100.00

BUSINESS DETAILS

Line of Business :

The company is a leading player in Transmission and Distribution sector engaged in Manufacturing of Transmission Line Tower, high quality Mild Steel Fasteners, nuts and bolts, washers, antitheft nuts, Hot Rolled (High Tensile and Mild) Structural Steel, Hardware and fittings etc. The Company is catering to the entire Transmission and Distribution industry in India and also to many countries in the World.

Products :

Item Code No. (ITC Code)

Product / Service Description

73082011

For transmission line

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Selling :

L/C and Credit, Others (60 Days)

Purchasing :

L/C and Credit (60 Days)

PRODUCTION STATUS (AS ON 31.03.2015)

Products	Installed Capacity	Actual Production in FY 2015
Transmission Tower	108000 MT p.a.	55,589 MT p.a.
Fasteners Unit	24000 MT p.a.	19147 MT p.a.
Profiles Tarapur Unit	180000 MT p.a.	95526 MT p.a.
Profiles Nagpur Unit	80000 MT p.a.	51832.08 MT p.a.

GENERAL INFORMATION

Suppliers :

Reference :

Hindustan Zinc Limited

Name of the Person :

Mr. Rohit Chadda – Associates Manager

Contact No.:

91-9967226349

Since How Long Known :

Approx( 5-10 Years )

Maximum Limit Dealt :

Not Divulged

Experience :

Payment Behaviour	Market Goodwill	Overall
Good	Good	Good

Remark:

They gave us positive response about subject company they are satisfied with their payment behaviour and market goodwill.

Sr. No.	Vendor Name	Total In Million	%
1	Steel Authority of India Limited	2445.400	24.24%
2	Monnet Ispat and Energy Limited	1320.100	13.08%
3	Imported Material	1286.900	12.75%
4	Emi Transmission Limited	979.700	9.71%
5	JSW Steel Limited-Bellary	902.700	8.95%
6	Rashtriya Ispat Nigam Limited (DEPO	742.500	7.36%
7	Hindustan Zinc Limited	709.600	7.03%

Customers :

Wholesalers

Reference :	Bajaj Electricals Limited
Name of the Person :	Mr. Sandesh Chavan
Contact No.:	91-9820685690 – Ringing
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customer Name	% of Sales
Larsen &Toubro Limited	14%
Power Grid Corpn. of India Limited	12%
Kec International Limited	11%
Kalpataru Power Transmission Limited	10%
Vizag Transmission Limited	7%
Gammon India Limited	7%
Bajaj Electricals Limited	7%
Amitasha Enterprises Private Limited	4%
Gulf Jyoti International LLC	3%
Tata Projects Limited	2%

No. of Employees :

1180 (Approximately)

Bankers :

Axis Bank Limited, Bombay Dyeing Mills Compound, PandurangBudhkar Marg, Worli, Mumbai – 400 025, Maharashtra, India

Contact: Mr. Nikhil Nargolkar

Mobile No. 9819726097

Nikhil.Nargolkar@axisbank.com

ICICI Bank Limited, South Tower, BKC, Bandra (East) Mumbai – 400 051, Maharashtra, India

Contact: Mr. Satyajeet Rai

satyajeet.rai@icicibank.com

IndusInd Bank Limited, 8/8/2, Solitaire Corporate Park,167, Guru HargovindjiMarg,Chakala, Andheri (East), Mumbai - 400 093, Maharashtra, India

Contact: Mr. Nikhil Chandak

Nikhil nikhil.chandak@indusind.com

IDBI Bank Limited, Specialised Corporate Branch,Opposite National Stock Exchange, BKC, Bandra (East) Mumbai- 400 051, Maharashtra, India

Contact: Mr. Ratnala Kumar

ratnala.kumar@idbi.co.in

Oriental Bank of Commerce, Shreejee Chambers, Tata Road No. 2, Opera House, Mumbai - 400 004, Maharashtra, India

Contact: Mr. Sanjeev

bm1042@obc.co.in

Union Bank of India, Union Bank of India Building, 66/80 Mumbai Samachar Marg, Fort, Mumbai 400 023, Maharashtra, India

Contact: Ms. Shalini Menon

cbsifbmsmarg@unionbankofindia.com

Punjab and Sind Bank, Fort Branch, Mumbai – 400001, Maharashtra, India

Contact: Mr. Surindar Kumar Dhawan

b0385@psb.org.in

Andhra Bank, Fort Branch, 18, HomiModi Street, Fort, Mumbai - 400 001, Maharashtra, India

Contact: Mr. K. Ramamohan

bmmum051@andhrabank.co.in

Punjab National Bank, Linking Road, Bandra (West), Mumbai – 400 050.

Contact: Mr. Rajinder Sharma

pnbbandra@pnb.co.in

kavita.malani@yahoo.co.in

State Bank of India, Overseas Branch, IInd Floor, The Arcade, World Trade Centre, Cuffe Parade, Mumbai, Maharashtra, India

Contact: Mr. Pradeep Sinha

pradeep.sinha@sbi.co.in

Bank of Baroda, Meghdoot Building, Jn. Off Linking Road & Turner Road, Bandra (West), Mumbai 400 050.

Contact: Mr. Sunil Srivastav

MIDBDR@bankofbaroda.com

Syndicate Bank, Large Corporate Branch, 3rd Floor, 10, Homji Street, For, Mumbai 400 023, Maharashtra, India

Contact: Mr. Shankar

br.5063@syndicatebank.co.in

The Ratnakar Bank Limited, 6th Floor, One Indiabulls Centre, Tower 2, 841, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India

Contact: Mr. Moulik Patel

Moulik.Patel@rblbank.com

Tata Capital Financial Services Limited, 4th Floor, A Wing, I Think Techno Campus, Off Pokharan Road No. 2, Thane (West) 400 607, Maharashtra, India

Contact: Pranab Ganguly

pranab.ganguly@TataCapital.Com

State Bank of Bikaner and Jaipur, Commercial Branch, 239, P. D’Mello Road, Near GPO, Mumbai – 400001, Maharashtra, India

Contact: Mr. Manoj Kochar

mkumar@sbbj.co.in

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2015	As on 31.03.2014
LONG TERM BORROWING
From banks
From ICICI Bank Limited	38.088	59.853
Vehicle / Equipment Loan	17.394	14.545
From Andhra Bank	2.543	30.792
From Punjab National Bank	0.000	6.729
From Oriental Bank of Commerce	0.217	6.467
From Bank of Baroda	300.000	0.000
From Others
Vehicle / Equipment Loan	6.567	8.606
From Tata Capital Financial Services Limited	210.000	303.333
From Tata Capital Financial Services Limited	118.421	0.000
From Tata Capital Financial Services Limited	37.511	87.645
From Tata Capital Financial Services Limited	0.000	32.713
From Tata Capital Financial Services Limited	19.799	32.247
From Aditya Birla Financial Services Limited	78.029	0.000
From L and T Finance Limited	47.359	0.000
From Financial Lease From Tata Capital Financial Services Limited	6.653	9.833
SHORT TERM BORROWING
From Bank	1265.166	1160.621
Total	2147.747	1753.384

Auditors :
Name :	Chokshi and Chokshi Chartered Accountants
Address :	15/17, Raghavji ‘B’ Building, Ground Floor, Raghavji Road, Off Kemps Corner, Mumbai – 400 036, Maharashtra, India
Tel. No.:	022-23836900
Fax No.:	022-23836901
E-Mail :	Contact@chokshiandchokshi.com
PAN No.:	AAAFC2633B

Memberships :	--

Collaborators :	--

Associates Company Indirect:	Poona Galvanizers Private Limited, India (CIN No.: U27104MH2004PTC144308) Karmtara Agrotech Private Limited Karamtara Financial Services Private Limited Karamtara Reality Private Limited

Subsidiary Company :	Karamtara Italy SRL, Italy Karamtara Gulf DMCC

Subsidiary of Karamtara Italy SRL :	Iselfa Morsetteria SRL, Italy Iselfa Morsetteria Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2015

Authorised Capital :

No. of Shares	Type	Value	Amount
41000000	Equity Shares	Rs.10/- each	Rs.410.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
5532500	Equity Shares	Rs.10/- each	Rs.55.325 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2015	31.03.2014	31.03.2013

I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	55.325	55.325	50.000
(b) Reserves & Surplus	3000.482	2660.832	2049.803
(c) Money received against share warrants	0.000	0.000	0.000

(2) Share Application money pending allotment	0.000	0.000	213.000
Total Shareholders’ Funds (1) + (2)	3055.807	2716.157	2312.803

(3) Non-Current Liabilities
(a) long-term borrowings	1086.456	842.024	789.330
(b) Deferred tax liabilities (Net)	269.675	230.804	168.956
(c) Other long term liabilities	200.000	162.600	250.758
(d) long-term provisions	22.077	7.709	7.787
Total Non-current Liabilities (3)	1578.208	1243.137	1216.831

(4) Current Liabilities
(a) Short term borrowings	1265.166	1160.621	909.263
(b) Trade payables	3822.684	3425.364	3217.571
(c) Other current liabilities	514.603	501.417	407.491
(d) Short-term provisions	210.676	150.916	140.091
Total Current Liabilities (4)	5813.129	5238.318	4674.416

TOTAL	10447.144	9197.612	8204.050

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	3782.546	3247.160	2900.095
(ii) Intangible Assets	60.862	40.689	17.824
(iii) Capital work-in-progress	61.027	50.139	33.403
(iv) Intangible assets under development	0.000	0.000	2.796
(b) Non-current Investments	2.178	2.326	2.326
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	12.547	15.786	13.755
(e) Other Non-current assets	0.000	0.000	13.062
Total Non-Current Assets	3919.160	3356.100	2983.261

(2) Current assets
(a) Current investments	0.608	0.632	4.654
(b) Inventories	2340.719	1815.217	1589.184
(c) Trade receivables	3047.825	2973.522	2684.525
(d) Cash and cash equivalents	614.326	542.542	532.837
(e) Short-term loans and advances	289.643	231.237	194.163
(f) Other current assets	234.863	278.362	215.426
Total Current Assets	6527.984	5841.512	5220.789

TOTAL	10447.144	9197.612	8204.050

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2015	31.03.2014	31.03.2013
	SALES
	Income	11397.65	10455.254	9656.149
	Other Income	19.768	30.936	27.250
	TOTAL (A)	11417.418	10486.190	9683.399

Less	EXPENSES
	Cost of Materials Consumed	9102.521	8068.885	7741.156
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(409.817)	(174.893)	(89.936)
	Employees benefits expense	556.603	489.935	341.526
	Other expenses	1252.359	1148.997	936.114
	TOTAL (B)	10501.666	9532.924	8928.860

Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	915.752	953.266	754.539

Less	FINANCIAL EXPENSES (D)	180.947	173.688	124.155

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	734.805	779.578	630.384

Less/ Add	DEPRECIATION/ AMORTISATION (F)	185.547	119.245	90.685

	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	549.258	660.333	539.699

Less	TAX (H)	192.727	244.034	180.140

	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	356.531	416.299	359.559

	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	902.208	316.400	213.011
	Interest Received	6.611	4.446	0.000
	TOTAL EARNINGS	908.819	320.846	213.011

	IMPORTS
	Raw Materials
	Imported	1286.779	211.893	162.149
	Others	7627.598	7674.583	7487.962
	Spare parts
	Imported	0.054	0.469	3.499
	Others	188.089	181.94	87.546
	TOTAL IMPORTS	9102.520	8068.885	7741.156

	Earnings / (Loss) Per Share (Rs.)	64.44	79.04	71.91

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015	31.03.2014	31.03.2013
Current Maturities of Long term debt
From Bank	105.573	74.319	78.631
From others	195.703	190.564	107.661
From Financial lease	3.617	3.181
Total	304.893	268.064	186.292

Cash generated from operations	753.542	533.823	684.803
Net Cash from Operating Activities	663.542	398.823	578.003

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT/Sales)	(%)	3.13	3.98	3.72

Operating Profit Margin (PBDIT/ Sales)	(%)	8.03	9.12	7.81

Return on Total Assets (PBT/Total Assets}	(%)	5.29	7.22	6.61

Return on Investment (ROI) (PBT/Networth)		0.18	0.24	0.23

Debt Equity Ratio (Total Debt/Networth)		0.87	0.84	0.81

Current Ratio (Current Asset/Current Liability)		1.12	1.12	1.12

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	50.000	55.325	55.325
Reserves & Surplus	2049.803	2660.832	3000.482
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	213.000	0.000	0.000
Net worth	2312.803	2716.157	3055.807

long-term borrowings	789.330	842.024	1086.456
Short term borrowings	909.263	1160.621	1265.166
Current maturities of long-term debts	186.292	268.064	304.893
Total borrowings	1884.885	2270.709	2656.515
Debt/Equity ratio	0.815	0.836	0.869

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	9656.149	10455.254	11397.650
		8.276	9.014

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	10558.400	10455.254	11397.650
Profit	359.600	416.299	356.531
	3.41%	3.98%	3.13%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	Yes
17	Details of sister concerns	Yes
18	Major suppliers	Yes
19	Major customers	Yes
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

NOTE: The registered address of the company has been shifted from 117, Morya Estate, Oshivara Link Road, Andheri (West), Mumbai – 400 053, Maharashtra to the present address w.e.f. 01.06.2013.

UNSECURED LOANS

(Rs. In Million

Particulars	As on 31.03.2015	As on 31.03.2014
LONG TERM BORROWING
Loan from banks	8.767	17.325
Loan from directors/shareholder’s/corporate	500.000	500.000
Less:	304.892	268.064
Total	203.875	249.261

FIXED ASSETS

· Land

· Buildings

· Plant and Equipment

· Other Plant and Equipment

· Furniture and Fixtures

· Vehicles

· Office Equipment

· Computer Equipments

· Other Equipments

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report : No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.38
UK Pound	1	Rs.97.65
Euro	1	Rs.70.43

INFORMATION DETAILS

Information Gathered by :	SUP

Analysis Done by :	DIV

Report Prepared by :	KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
-- PROFITABILITY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		54

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.

MIRA INFORM REPORT

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