MIRA INFORM REPORT

Report No. :	333128
Report Date :	23.07.2015

IDENTIFICATION DETAILS

Name :	TATHYA TEXFAB PRIVATE LIMITED
Registered Office :	4A, Vikas Centre, 104, S. V. Road, Santacruz (East), Mumbai, Maharashtra
Tel. No.:	91-22-42766666
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	21.11.2012
Com. Reg. No.:	11-238107
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U17200MH2012PTC238107
TAN No.: [Tax Deduction & Collection Account No.]	MUMT18751F
PAN No.: [Permanent Account No.]	AAECT7838C
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Bedsheet, Grey Fabrics, Woven Fabrics and Garments.
No. of Employees :	20 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ca (11)

RATING		STATUS	PROPOSED CREDIT LINE
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security

Status :	Yet to commence its business operations
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Even though the company was incorporated on 21^st November 2012, it is yet to commence its business operations. Ms. Sheetal, Account Executive provided general information to us and declined to confirmed date of business commencement of the subject company. As per status in the Registrar of Companies, business appears to be active. Payments are reported to be unknown. In view of absence of business operations, the company can be considering for business dealing on safe and secured 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	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 31-03-2013.

INFORMATION PARTED BY (GENERAL DETAILS)

Name :	Ms. Sheetal
Designation :	Account Executive
Contact No.:	91-22-42766666/ 91-9773311357
Date :	21.07.2015

LOCATIONS

Registered Office :	4A, Vikas Centre, 104, S. V. Road, Santacruz (East), Mumbai, Maharashtra, India
Tel. No.:	91-22-42766666
Mobile No.:	91-9773311357 (Ms. Sheetal)
Fax No.:	Not Available
E-Mail :	sheetal.paramtex@gmail.com cs@deesantex.in
Factory :	Shripur, Nashik, Maharashtra, India

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Chintan Amrish Patel

Designation :

Director

Address :

Kushal Bunglow,Pallavi Beach Agnel Society, Ruia Park, Juhu, Mumbai - 400049, Maharashtra, India

Date of Birth/Age :

21.02.1977

Date of Appointment :

21.11.2012

DIN No.:

00482043

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	U65990MH1994PTC079341	PRIYADARSHINI YARNS PRIVATE LIMITED	Director	09/03/2002	09/03/2002	-	Active	NO
2	U65990MH1994PTC080726	DISHA CAPFIN PRIVATE LIMITED	Director	09/03/2002	09/03/2002	-	Active	NO
3	U70100MH1987PTC044026	PRATIK PROPERTIES PRIVATE LIMITED	Director	21/06/2002	21/06/2002	-	Active	NO
4	U70100MH1987PTC044027	SHOBHIKA ESTATES PRIVATE LIMITED	Director	21/06/2002	21/06/2002	-	Active	NO
5	U70100MH1987PTC043798	SHREYAS PROPERTIES PRIVATE LIMITED	Director	21/06/2002	21/06/2002	-	Active	NO
6	L70120MH1985PLC037017	AUTORIDERS INTERNATIONAL LIMITED	Director	19/09/2002	19/09/2002	06/10/2011	Active	NO
7	U99999MH1959PTC011469	VIJ INDUSTRIES PRIVATE LIMITED	Director	23/01/2003	23/01/2003	30/03/2010	Active	NO
8	U50100MH1986PTC038525	AUTO RIDERS (INDIA) PRIVATE LIMITED	Director	24/01/2003	24/01/2003	-	Active	NO
9	U34100MH1983PTC030004	ENPAK MOTORS PRIVATE LIMITED	Director	21/04/2003	21/04/2003	19/12/2011	Active	NO
10	L51900MH1984PLC034501	SHIRPUR GOLD REFINERY LIMITED	Managing director	28/06/2003	28/06/2003	30/06/2009	Active	NO
11	U17120MH2004PTC148906	TARINI GARMENTS PRIVATE LIMITED	Director	30/09/2004	30/09/2004	05/10/2010	Active	NO
12	U17120MH2005PTC150851	RIDDHI TEX FAB PRIVATE LIMITED	Director	28/01/2005	28/01/2005	05/10/2010	Active	NO
13	U74999MH2007PTC173347	DEESAN COLD STORAGE PRIVATE LIMITED	Director	22/08/2007	22/08/2007	-	Active	NO
14	U17120MH2004PTC145043	SNEHA COTTONS PRIVATE LIMITED	Additional director	25/08/2007	25/08/2007	15/12/2007	Active	NO
15	U17120MH2007PTC176268	DEESAN TEXTILE PRIVATE LIMITED	Director	21/03/2009	21/03/2009	-	Strike off	NO
16	U17120MH2010PTC198398	TIRTH TEXTILES PRIVATE LIMITED	Director	04/01/2010	04/01/2010	-	Active	NO
17	U17120MH2010PTC211419	AMETHYST COTEX PRIVATE LIMITED	Director	27/12/2010	27/12/2010	-	Active	NO
18	U17291MH2011PTC222142	VALMIKI TEXTILES PRIVATE LIMITED	Director	29/09/2012	20/09/2011	-	Active	NO
19	U17120MH2012PTC226691	MONTAGE GARMENTS PRIVATE LIMITED	Director	10/02/2012	10/02/2012	-	Active	NO
20	U17200MH2012PTC227654	YOGI COTEX PRIVATE LIMITED	Director	05/03/2012	05/03/2012	-	Active	NO
21	U17291MH2012PTC228994	KALI COTEX PRIVATE LIMITED	Director	30/03/2012	30/03/2012	-	Active	NO
22	U17110MH2012PTC230692	LAXMI WEAVING PRIVATE LIMITED	Director	07/05/2012	07/05/2012	-	Active	NO
23	U17120MH2012PTC237980	LUPINE TEXTILES PRIVATE LIMITED	Director	16/11/2012	16/11/2012	-	Active	NO
24	U17122MH2012PTC238081	AADHEESH TEXFAB PRIVATE LIMITED	Director	20/11/2012	20/11/2012	-	Active	NO
25	U17200MH2012PTC238107	TATHYA TEXFAB PRIVATE LIMITED	Director	21/11/2012	21/11/2012	-	Active	NO
26	U70102MH2013PTC244384	UTOPIA REAL ESTATE DEVELOPERS PRIVATE LIMITED	Director	13/06/2013	13/06/2013	-	Active	NO
27	U17291MH2013PTC246540	DWETA APPARELS PRIVATE LIMITED	Director	01/08/2013	01/08/2013	-	Active	NO
28	U17200MH2007PTC169378	KAVERI TEXFAB PRIVATE LIMITED	Director	24/09/2013	02/08/2013	-	Active	NO
29	U17121MH2007PTC168834	ARUNAWATI TEXTILES PRIVATE LIMITED	Director	24/09/2013	03/08/2013	-	Active	NO
30	U17291MH2013PTC246825	KANCHAN COTEX PRIVATE LIMITED	Director	12/08/2013	12/08/2013	-	Active	NO
31	U17120MH2005PTC151000	SOLARIS TEX FAB PRIVATE LIMITED	Director	26/09/2013	13/08/2013	-	Active	NO
32	U17291MH2013PTC247314	AGETI TEXTILES PRIVATE LIMITED	Director	21/08/2013	21/08/2013	-	Active	NO
33	U17200MH2013PTC247199	VARAHA TEXFAB PRIVATE LIMITED	Additional director	25/08/2013	25/08/2013	-	Active	NO
34	U17100MH2004PTC147241	DWETA GARMENTS PRIVATE LIMITED	Director	23/09/2013	23/09/2013	-	Active	NO
35	U17291MH2013PTC249824	PRAATA TEXTILES PRIVATE LIMITED	Director	06/11/2013	06/11/2013	-	Active	NO
36	AAA-4154	ISHANVI PROJECTS LLP	Designated Partner	18/03/2011	18/03/2011	-	Active	NO
37	AAA-5305	ANUJA COMTRADE ENTERPRISES LLP	Designated Partner	24/06/2013	24/06/2013	-	Active	NO
38	AAB-9226	AMITUS SUPPLY CHAIN MANAGEMENT LLP	Designated Partner	11/12/2013	11/12/2013	-	Active	NO

Name :

Mr. Sunil Motilal Mandora

Designation :

Director

Address :

A/61, Rustomjee Central Park Chakala, Andheri East, Mumbai - 400093, Maharashtra, India

Date of Birth/Age :

01.01.1961

Date of Appointment :

21.11.2012

DIN No.:

01847632

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	U17120MH2004PTC145067	SHIRPUR SYNTHETICS PRIVATE LIMITED	Director	15/03/2004	15/03/2004	10/08/2013	Active	NO
2	U17120MH2005PTC150877	PARAM TEX FAB PRIVATE LIMITED	Director	10/04/2005	10/04/2005	-	Active	NO
3	U17120MH2008PTC184401	AKANKSHA COTEX PRIVATE LIMITED	Director	08/07/2008	08/07/2008	-	Active	NO
4	U17291MH2011PTC214564	TANMAY COTEX PRIVATE LIMITED	Director	10/03/2011	10/03/2011	29/06/2013	Active	NO
5	U17291MH2011PTC216612	HARI COTSPIN PRIVATE LIMITED	Director	25/04/2011	25/04/2011	18/03/2014	Active	NO
6	U17200MH2011PTC219002	YAMNOTRI TEXTILES PRIVATE LIMITED	Director	23/06/2011	23/06/2011	-	Active	NO
7	U17291MH2012PTC238057	SAFFRON COTEX PRIVATE LIMITED	Director	20/11/2012	20/11/2012	-	Active	NO
8	U17200MH2012PTC238107	TATHYA TEXFAB PRIVATE LIMITED	Director	21/11/2012	21/11/2012	-	Active	NO
9	U17291MH2012PTC238190	CAMELLIA COTSPIN PRIVATE LIMITED	Director	23/11/2012	23/11/2012	-	Active	NO
10	U17299MH2012PTC238854	SUNFLOWER COTEX PRIVATE LIMITED	Director	15/12/2012	15/12/2012	-	Active	NO
11	U17291MH2012PTC239015	ASTER TEXTILES PRIVATE LIMITED	Director	21/12/2012	21/12/2012	-	Active	NO
12	U17200MH2013PTC239779	CARNATION TEXFAB PRIVATE LIMITED	Director	17/01/2013	17/01/2013	-	Active	NO
13	U70102MH2007PTC169800	DEESAN INFRASTRUCTURE PRIVATE LIMITED	Director	01/10/2014	01/10/2014	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Sheetal
Designation :	Account Executive

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Chintan Patel	3500	35.00
Sunil Mandora	2000	20.00
Anurag Sharma	1000	10.00
Tapan Patel	3500	35.00
Total	10000	100.00

AS ON 30.09.2014

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Bedsheet, Grey Fabrics, Woven Fabrics and Garments.
Brand Names :	--
Agencies Held :	--
Exports :	--
Imports :	--
Terms :
Selling :	Cash, Advance Payment, L/C, Cheque and Credit (30/ 60 Days)
Purchasing :	Cash, Advance Payment, L/C, Cheque and Credit (30/ 60 Days)

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

· Krushna Cotex Private Limited

Customers :

Wholesalers, Retailers and End Users

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

No. of Employees :

20 (Approximately)

Bankers :

Bank Name:	Dena Bank
Branch:	Ville Parle (east) Branch, Mumbai, Maharashtra, India
Person Name (with Designation):	Not Divulged
Contact Number:	91-22-26182912
Name of Account Holder:	Not Divulged
Account Number:	Not Divulged
Account Since (Date/ Year of A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Term Loan = Rs. 44.000 Million
Account Operation:	Not Divulged
Remarks:	Continuously Ringing

Auditors :
Name :	Shrikesh V. Rathi and Company Chartered Accountants
Address :	Kishor Kunj, Marwadi Lane, Shirpur – 425405, Maharashtra, India
Tel. No.:	91-2563-255005
Mobile No.:	91-9422791653
E-Mail :	Vmrathi555@gmail.com
Income-tax PAN of auditor or auditor's firm :	AJHPR5874R
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	· Orchid Cotex Private Limited · Alyssum Costpin Private Limited · Sunflower Cotex Private Limited · IVY Vevin Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
10,000	Equity Shares	Rs. 10/- each	Rs. 0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10,000	Equity Shares	Rs. 10/- each	Rs. 0.100 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100	0.100
(b) Reserves & Surplus	0.000	0.000
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	0.100	0.100
(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	0.015
(d) Short-term provisions	0.006	0.003
Total Current Liabilities (4)	0.006	0.018
TOTAL	0.106	0.118
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000	0.000
(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	0.000	0.000
(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	0.064	0.100
(e) Short-term loans and advances	0.000	0.000
(f) Other current assets	0.042	0.018
Total Current Assets	0.106	0.118
TOTAL	0.106	0.118

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013
Current Maturities of Long term debt	NA	NA
Cash Generated from Operations	NA	NA
Net Cash Flow from used in Operations	NA	NA

KEY RATIOS

PARTICULARS	31.03.2014	31.03.2013
Debt Equity Ratio (Total Liability/Networth)	0.00	0.00
Current Ratio (Current Asset/Current Liability)	17.67	6.56

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Share Capital	0.100	0.100
Reserves & Surplus	0.000	0.000
Money received against share warrants	0.000	0.000
Share Application money pending allotment	0.000	0.000
Net worth	0.100	0.100
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

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	No
20	Banking Details	Yes
21	Banking facility details	No
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	No
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	No
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

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10559853	03/02/2015 *	135,500,000.00	DENA BANK	VILE PARLE (EAST) BRANCH, KRISHNA BHAVAN, 67, NE  HRU ROAD, VILEPARLE- (EAST), MUMBAI - 4  00057, MAHARASHTRA, INDIA	C54311758

* Date of charge modification

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 :	GYT
Analysis Done by :	KAR
Report Prepared by :	ARC

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	1
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	1
--PROFITABILIRY	1~10	--
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	2
--RESERVES	1~10	--
--CREDIT LINES	1~10	--
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		11

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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