MIRA INFORM REPORT

Report No. :	333302
Report Date :	23.07.2015

IDENTIFICATION DETAILS

Name :	RELIANCE CAPITAL LIMITED
Registered Office :	“H” Block, 1^st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai – 400710, Maharashtra
Tel. No.:	91-22-30479200
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	05.03.1986
Com. Reg. No.:	11-165645
Capital Investment / Paid-up Capital :	Rs. 2530.000 Million
CIN No.: [Company Identification No.]	L65910MH1986PLC165645
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	MUMR15405F
PAN No.: [Permanent Account No.]	AAACR5054J
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Subject is engaged in lending and investing activities.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

A (67)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Good
Payment Behaviour :	Regular
Litigation :	Exist
Comments :	Subject is a well-established company having fine track record. Fundamentals of the company are decent. Financial position of the company is strong and healthy. Trade relation reported to be fair. Business is active. Payment terms are reported to be regular and as per commitment. In view of experienced and reputed promoters and directors, the company can be considered normal for business dealing 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.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Rs. 15.0 Billion Short Term Debt = A1+
Rating Explanation	Very strong degree of safety and carry lowest credit risk
Date	May 13, 2015.

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAILTERS’ 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 DENIED BY

Name :	Mr. Atul Tandon
Designation :	Company Secretary
Contact No.:	91-22-30479200
Date :	22.07.2015

LOCATIONS

Registered Office :	“H” Block, 1^st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai – 400710, Maharashtra, India
Tel. No.:	91-22-30479800
Fax No.:	91-22-30327202
E-Mail :	rcl.investor@relianceada.com
Website :	www.reliancecapital.co.in

DIRECTORS

AS ON 31.03.2015

Name :	Mr. Anil Dhirubhai Ambani
Designation :	Chairman
Name :	Mr. Amitabh Jhunjhunwala
Designation :	Vice Chairman
Name :	Mr. Rajendra P. Chitale
Designation :	Director
Name :	Dr. Bidhubhusan Samal
Designation :	Director
Name :	Mr. V. N. Kaul
Designation :	Director

KEY EXECUTIVES

Name :	Mr. V. R. Mohan
Designation :	Company Secretary and Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.06.2015

Category of Shareholder	No. of Shares	% of Holdings
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	1166014	0.46
Bodies Corporate	130216289	51.67
Any Others (Specify)	1600000	0.63
Others	1600000	0.63
Sub Total	132982303	52.77
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	132982303	52.77
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	14523398	5.76
Financial Institutions / Banks	7404398	2.94
Central Government / State Government(s)	75055	0.03
Insurance Companies	10817178	4.29
Foreign Institutional Investors	39533233	15.69
Sub Total	72353262	28.71
(2) Non-Institutions
Bodies Corporate	5788447	2.30
Individuals
Individual shareholders holding nominal share capital up to Rs. 0.100 Million	35831016	14.22
Individual shareholders holding nominal share capital in excess of Rs. 0.100 Million	3779594	1.50
Any Others (Specify)	1276369	0.51
Others	1276369	0.51
Sub Total	46675426	18.52
Total Public shareholding (B)	119028688	47.23
Total (A)+(B)	252010991	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued
(1) Promoter and Promoter Group	0	0.00
(2) Public	621809	0.00
Sub Total	621809	0.00
Total (A)+(B)+(C)	252632800	0.00

Shareholding of securities (including shares, warrants, convertible securities) of persons belonging to the category Promoter and Promoter Group

Sl.No.	Name of the Shareholder	Details of Shares held
		No. of Shares held	As a % of grand total (A)+(B)+(C)
1	Reliance Inceptum Private Limited	9,77,14,206	38.68
2	Reliance Infrastructure Consulting and Engineers Private Limited	2,79,75,633	11.07
3	Crest Logistics and Engineers Private Limited	32,50,000	1.29
4	Reliance Infrastructure Management Private Limited	7,00,000	0.28
5	Reliance ADA Group Trustees Private Limited - Trustees of RCAP ESOS Trust	16,00,000	0.63
6	Reliance Innoventures Private Limited	5,76,450	0.23
7	Kokila D Ambani	5,45,157	0.22
8	Anil D Ambani	2,73,891	0.11
9	Tina A Ambani	2,63,474	0.10
10	Jaianmol A Ambani	83,487	0.03
11	Jaianshul A Ambani	5	0.00
	Total	13,29,82,303	52.64

Shareholding of securities (including shares, warrants, convertible securities) of persons belonging to the category Public and holding more than 1% of the total number of shares

Sl. No.	Name of the Shareholder	No. of Shares held	Shares as % of Total No. of Shares
1	Life Insurance Corporation of India	10512400	4.16
2	ICICI Prudential Funds	4828556	1.91
3	Birla Sun Life Trustee Company Private Limited A/c	3792509	1.50
4	Vanguard Funds	3326317	1.32
5	Sumitomo Mitsui Trust Bank	7000000	2.77
6	Credit Suisse (Singapore) Limited	3482979	1.38
7	Reliance Capital Trustee Co Limited A/c	3030197	1.20
8	Swiss Finance Corporation (Mauritius) Limited	2930557	1.16
	Total	38903515	15.40

Details of Locked-in Shares

Sl. No.	Name of the Shareholder	No. of Shares	Locked-in Shares as % of Total No. of Shares
1	Sumitomo Mitsui Trust Bank	70,00,000	2.77
	Total	70,00,000	2.77

Details of Depository Receipts (DRs)

Sl. No.	Type of Outstanding DR (ADRs, GDRs, SDRs, etc.)	No. of Outstanding DRs	No. of Shares Underlying  Outstanding DRs	Shares Underlying Outstanding DRs as % of Total No. of Shares
1	GDRs	6,21,809	6,21,809	0.25
	Total	6,21,809	6,21,809	0.25

BUSINESS DETAILS

Line of Business :	Subject is engaged in lending and investing activities.
Products :	Not Divulged
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

GENERAL INFORMATION

Suppliers :

Not Divulged

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 :

Not Divulged

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 :

• United Bank of India, United Bank of India Building, P.M. Road, Fort, 
  Mumbai – 400001, Maharashtra, India
• Punjab National Bank, 7, Bhikhaiji Cama Place Branch,, New Delhi, Delhi - 110066, India
• Bank of Maharashtra, Lokmangal, 1501, Shivajinagar, Pune – 411005, Maharashtra , India

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2015	As on 31.03.2014
LONG TERM BORROWING
Others	NA	64620.000
Related party	NA	950.000
Term loans from banks	NA	42480.000
SHORT TERM BORROWING
Loans from banks
Cash credit	NA	6500.000
Short term	NA	14510.000
Total	NA	129060.000

Auditors :
Name :	Chaturvedi and Shah Chartered Accountant
Name :	B S R and Company Chartered Accountants
Memberships :	--
Collaborators :	--
Holding Company :	Reliance Innoventures Private Limited
Subsidiary of Holding Company :	AAA Enterprises Private Limited
Associates :	Ammolite Holdings Limited Reliance Land Private Limited Indian Commodity Exchange Limited Reliance Life Insurance Company Limited Reliance Asset Reconstruction Company Limited Reliance Share and Stock Brokers Private Limited
Fellow subsidiaries :	AAA Entertainment Private Limited Reliance Globalcom Limited Big Flicks Private Limited Reliance Communications Limited Zapak Mobile Games Private Limited (formerly Jump Games Private Limited) Reliance Infocomm Infrastructure Limited Reliance Big Entertainment Private Limited Reliance Webstore Limited Reliance Communications Infrastructure Limited Zapak Digital Entertainment Limited Reliance Infratel Limited

CAPITAL STRUCTURE

AS ON 31.03.2015

Authorised Capital : Not Available

Issued, Subscribed & Paid-up Capital : Rs. 2530.000 Million

AS ON 30.09.2014

Authorised Capital : Rs. 4160.000 Million

Issued, Subscribed & Paid-up Capital : Rs. 2526.328 Million

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
300000000	Equity Shares	Rs.10/- each	Rs. 3000.000 Million
100000000	Preference Shares	Rs. 10/- each	Rs. 1000.000 Million
	Total		Rs. 4000.000 Million

Issued, Subscribed Capital

No. of Shares	Type	Value	Amount
246977006	Equity Shares	Rs.10/- each	Rs. 2470.000 Million

Paid-up Capital :

No. of Shares	Type	Value	Amount
245632800	Equity Shares	Rs.10/- each	Rs. 2450.000 Million
1344206	Add: Forfeited shares	Rs. 10/- each	Rs. 10.000 Million
1600000	Less: Advance to ESOP Trust	Rs. 10/- each	Rs. 20.000 Million
	Total		Rs. 2440.000 Million

Equity shares held by holding company and subsidiaries of holding company:

Name of the holder	As at March 31, 2013
	%	Qty.
Reliance Innoventures Private Limited (Holding company)	0.23	576450
AAA Enterprises Private Limited (Subsidiary of holding company)	40.07	98414206
AAA Infrastructure Consulting And Engineers Private Limited (Subsidiary of holding company)	11.39	27975633

Equity shares in the company held by each shareholder holding more than 5 percent:

Name of the holder	As at March 31, 2013
	%	Qty.
AAA Enterprises Private Limited	40.07	98414206
AAA Infrastructure Consulting And Engineers Private Limited	11.39	27975633

The Company has one class of equity shares having a par value of Rs. 10 per share. Each shareholder is eligible for one vote per share held. In the event of liquidation of the Company, the holder of equity shares will be entitled to receive remaining assets of the Company. The distribution will be in proportion to the number of equity shares held by the shareholder. For the year ended March 31, 2014, the amount of per share dividend recognized as distributable to equity shareholders is Rs. 8.50 (March 31, 2013 Rs. 8). The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

Reconciliation of numbers of share outstanding:

Particulars	As at March 31, 2013
	No of Shares	Rs. in Millions
Equity shares
Opening balance	24 56 32 800	2450.000
Movement during the year	--	--
Closing balance	24 56 32 800	2450.000

As on March 31, 2014, 6,37,035 equity shares (Previous year 5,07,101 equity shares) are held by custodian against which depository receipts have been issued.

In terms of SEBI (ESOS and ESPS) Guidelines, 1999 and recent opinion of the Expert Advisory Committee (EAC) of the Institute of Chartered Accountants of India (the ICAI) the accounting treatment for the equity shares of the company held by the RCAP ESOS Trust as at March 31,2014 has been given in Consolidated Financial Statements of the Company. The said Trust is holding 16,00,000 equity shares of Rs. 10 each of the Company. Face value of the said shares are presented as deduction from the paid up share capital and balance ` 60 crore being an amount exceeding the said face value are presented as deduction from the Securities Premium with corresponding adjustment to the loan receivable from the Trust.

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	2530.000	2440.000	2460.000
(b) Reserves & Surplus	123300.000	113900.000	112660.000
(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)	125830.000	116340.000	115120.000
(3) Non-Current Liabilities
(a) long-term borrowings	141010.000	121280.000	124020.000
(b) Deferred tax liabilities (Net)	0.000	120.000	60.000
(c) Other long term liabilities	1250.000	820.000	140.000
(d) long-term provisions	360.000	360.000	300.000
Total Non-current Liabilities (3)	142620.000	122580.000	124520.000
(4) Current Liabilities
(a) Short term borrowings	37720.000	67540.000	41900.000
(b) Trade payables	170.000	90.000	10.000
(c) Other current liabilities	47840.000	56200.000	51710.000
(d) Short-term provisions	2840.000	2400.000	2310.000
Total Current Liabilities (4)	88570.000	126230.000	95930.000
TOTAL	357020.000	365150.000	335570.000
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2140.000	1500.000	1310.000
(ii) Intangible Assets	0.000	320.000	200.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	30.000
(b) Non-current Investments	113810.000	131030.000	133090.000
(c) Deferred tax assets (net)	0.000	127380.000	101990.000
(d) Long-term Loan and Advances	119450.000	0.000	0.000
(e) Other Non-current assets	13430.000	17560.000	13440.000
Total Non-Current Assets	248830.000	277790.000	250060.000
(2) Current assets
(a) Current investments	9940.000	4670.000	3660.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	0.000	50.000	0.000
(d) Cash and cash equivalents	7310.000	18480.000	7450.000
(e) Short-term loans and advances	86940.000	59320.000	70250.000
(f) Other current assets	4000.000	4840.000	4150.000
Total Current Assets	108190.000	87360.000	85510.000
TOTAL	357020.000	365150.000	335570.000

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2015	31.03.2014	31.03.2013
	SALES
		Income	39480.000	31690.000	38280.000
		Other Income	400.000	850.000	400.000
		TOTAL	39880.000	32540.000	38680.000
Less	EXPENSES
		Employees benefits expense	1940.000	1480.000	1650.000
		Legal and Professional Fees	1160.000	0.000	0.000
		Provision for NPA and doubtful debts/ Written off	3080.000	0.000	0.000
		Provision / (Reversal) for Diminution in the Value of Investment	(550.000)	0.000	0.000
		Other expenses	1930.000	3290.000	7910.000
		TOTAL	7560.000	4770.000	9560.000
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		32320.000	27770.000	29120.000
Less	FINANCIAL EXPENSES		23570.000	22790.000	21790.000
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		8750.000	4980.000	7330.000
Less/ Add	DEPRECIATION/ AMORTISATION		310.000	340.000	290.000
	PROFIT BEFORE TAX		8440.000	4640.000	7040.000
Less	TAX		870.000	550.000	420.000
	PROFIT AFTER TAX		7570.000	4090.000	6620.000
	IMPORTS
		Raw Materials	0.000	0.000	20.000
	TOTAL IMPORTS		0.000	0.000	20.000
	Earnings Per Share (Rs.)		30.77	16.67	26.95

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015	31.03.2014	31.03.2013
Current Maturities of Long term debt	NA	NA	15540.000
Cash generated from operations	NA	26710.000	3970.000
Net cash flow from (used in) operation	NA	8020.000	(13500.000)

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	19.17	12.91	17.29
Operating Profit Margin (PBIDT/Sales)	(%)	81.86	87.63	76.07
Return on Total Assets (PBT/Total Assets}	(%)	3.47	4.35	7.01
Return on Investment (ROI) (PBT/Networth)		0.07	0.04	0.06
Debt Equity Ratio (Total Debt /Networth)		1.42	1.62	1.58
Current Ratio (Current Asset/Current Liability)		1.22	0.69	0.89

STOCK PRICES

Face Value	Rs. 10.00/-
Market Value	Rs. 384.75/-

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	2460.000	2440.000	2530.000
Reserves & Surplus	112660.000	113900.000	123300.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	115120.000	116340.000	125830.000
long-term borrowings	124020.000	121280.000	141010.000
Short term borrowings	41900.000	67540.000	37720.000
Current Maturities of Long Term Debt	15540.000	0.000	0.000
Total borrowings	181460.000	188820.000	178730.000
Debt/Equity ratio	1.576	1.623	1.420

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	38280.000	31690.000	39480.000
		(17.215)	24.582

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	38280.000	31690.000	39480.000
Profit	6620.000	4090.000	7570.000
	17.29%	12.91%	19.17%

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	No
10	Date of Birth of Proprietor / Partners / Directors	No
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	No
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
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	Yes
32	Litigations that the firm/promoter involved in	Yes
33	Market information	----
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

LITIGATION DETAILS

HIGH COURT OF BOMBAY
CASE DETAILS
BENCH:- BOMBAY
PRESENTATION DATE:- 15/10/2013
STAMP NO:- NMSL/2026/2013		FAILING DATE:- 15/10/2013
Reg. No.:- NMS/1692/2013		Reg. Date :- 23/12/2013
MAIN MATTER Lodging No.: ARBPL/891/2013
PETITIONER:-	SRIDEVI HOSPITAL AND ANR-		RESPONDENT:-	RELIANCE CAPITAL LIMITED
PETN.ADV:-	DEHLVI AND COMPANY (0)
DISTRICT:-	OUTSIDE MAHARASHTRA
BENCH:-	SINGLE
STATUS:-	PRE-ADMISSION		CATEGORY:-	NOTICE OF MOTION (ARBITRATION PETITION)
LAST DATE:-	13/01/2014		STAGE:-
LAST CORAM:-	ACCORDING TO SITTING LIST
ACT:-	ARBITRATION AND CONCILIATION ACT 1996

UNSECURED LOAN

Particulars	As on 31.03.2015	As on 31.03.2014
LONG TERM BORROWING
Others	NA	11480.000
Related party	NA	250.000
Term loans from banks	NA	1000.000
Inter corporate deposits from related parties	NA	500.000
SHORT TERM BORROWING
Commercial paper from Others	NA	46530.000
Total	NA	59760.000

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10577554	29/06/2015	2,000,000,000.00	United Bank of India	United Bank of India Building, P.M. Road, Fort,  Mumbai, Maharashtra - 400001, INDIA	C57743205
2	10564448	31/03/2015	3,000,000,000.00	Small Industries Development Bank of India	11-13, 1st Floor, Atlanta Building, 209, V. K. S  hah Marg, Nariman Point, Mumbai, Maharashtra - 400021, INDIA	C51203719
3	10553632	20/02/2015	1,500,000,000.00	Vijaya Bank	Barkhamba Road Branch, No. 17, Vijaya Building,  Barkhamba Branch Road, New Delhi, Delhi - 110001,  INDIA	C45890928
4	10543232	31/12/2014	5,000,000,000.00	Punjab National Bank	7, Bhikhaiji Cama Place Branch,, New Delhi, Delhi - 110066, INDIA	C40556243
5	10539658	19/12/2014	2,300,000,000.00	Bank of Maharashtra	Lokmangal, 1501, Shivajinagar, Pune, Maharashtra - 411005, INDIA	C38647814
6	10537632	10/12/2014	50,000,000,000.00	IL & FS TRUST COMPANY LIMITED	IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA, KURLA COMPLEX BANDRA EAST, MUMBAI, Maharashtra - 400051, INDIA	C36926590
7	10536865	08/12/2014	2,000,000,000.00	Punjab & Sind Bank	JK Somani Building, British Hotel Lane, Fort, Mumbai, Maharashtra - 400023, INDIA	C37075439
8	10534535	04/12/2014	6,000,000,000.00	Andhra Bank	9/15, Mama Paramanand Marg,, Queens Road, Opera House, Mumbai, Maharashtra - 400004, INDIA	C35759448
9	10537065	28/11/2014	700,000,000.00	United Overseas Bank Limited	3, North Avenue, Maker Maxity, Unit No. 31 & 37,  3rd Floor, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra - 400051, INDIA	C37214962
10	10536851	28/11/2014	2,000,000,000.00	Syndicate Bank	I. P. Estate Branch, Bahadur Shah Zafar Marg, New Delhi, Delhi - 110026, INDIA	C37074101

* Date of charge modification

FIXED ASSETS

• Plant and Equipments
• Freehold Land
• Buildings
• Furniture and Fixture
• Office Equipments
• Vehicles
• Computer
• Leasehold Improvement

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. 63.53
UK Pound	1	Rs. 99.19
Euro	1	Rs. 69.60

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	SAN
Report Prepared by :	JYO

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	8
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	8
--PROFITABILITY	1~10	7
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	8
--RESERVES	1~10	8
--CREDIT LINES	1~10	8
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--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	YES
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		67

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.