MIRA INFORM REPORT

Report No. :	324535
Report Date :	01.06.2015

IDENTIFICATION DETAILS

Name :	GOLDEN INFRACON PRIVATE LIMITED
Registered Office :	SF-16-17, First Floor, Bhikaji Cama Bhawan, 11, Bhikaji Cama Palace, New Delhi – 110066
Tel. No.:	91-11-40100100
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	30.05.2006
Com. Reg. No.:	55-149331
Capital Investment / Paid-up Capital :	Rs.0.500 Million
CIN No.: [Company Identification No.]	U15532DL2006PTC149331
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	DELG15127A
PAN No.: [Permanent Account No.]	AACCG9500G
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Supplier of Rice
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 1200
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track. The company has incurred huge accumulated losses which has eroded the reserves of the company. Rating also takes into consideration, huge external borrowing taken by the company, which acts as threatening to liquidity position of the company. Trade relations are fair. Business is active. Payment terms are reported to be slow but correct. Subject can be considered for business dealings with some 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 – 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

Rating Agency Name	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	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 DENIED BY

Name :	Mr. Himanshu
Designation :	Accountant Department
Contact No.:	91-11-40100100
Date :	26.05.2015

LOCATIONS

Registered Office :	SF-16-17, First Floor, Bhikaji Cama Bhawan, 11, Bhikaji Cama Palace, New Delhi – 110066, India
Tel. No.:	91-11-40100100
Fax No.:	91-11-40100190
E-Mail :	investorservices@chddevelopers.com gaurav.chopra@chddevelopers.com accounts@chddevelopers.com
Manufacturing Unit :	Plot No. 01, Sector-1, Phase-2, Distt. Udham Singh Nagar, Near Rudrapur Integrated Industrial Estate, Sidcul, Haldvani City, Sitarganj – 245601, Uttar Pradesh, India

DIRECTORS

As on 26.09.2014

Name :

Mr. Gaurav Mittal

Designation :

Director

Address :

Plot No. 11, 2^nd Floor, Nelson Mandela Road, Vasant Kunj, New Delhi – 110070, India

Date of Birth/Age :

11.10.1978

Date of Appointment :

30.05.2006

DIN No.:

00052968

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	L74899DL1990PLC041188	CHD DEVELOPERS LIMITED	Managing director	02/02/2011	30/05/1997	-	Active	NO
2	U80903DL2004PTC124361	CAPITAL INSTITUTE OF COMPETITION TRAINING PRIVATE LIMITED	Director	29/01/2004	29/01/2004	-	Active	NO
3	U45201DL1984PLC125021	CAPITAL HOMES LIMITED	Director	29/03/2004	29/03/2004	-	Amalgamated	NO
4	U70102DL2006PTC149137	DIVINE TOWNSHIPS PRIVATE LIMITED	Director	24/05/2006	24/05/2006	-	Active	NO
5	U70109DL2006PTC149240	HORIZON REALTECH PRIVATE LIMITED	Director	27/05/2006	27/05/2006	-	Active	NO
6	U15532DL2006PTC149331	GOLDEN INFRACON PRIVATE LIMITED	Director	30/05/2006	30/05/2006	-	Active	NO
7	U74140DL2007PTC169622	CHD Facility Management Private Limited	Director	19/10/2007	19/10/2007	-	Active	NO
8	U45200DL2008PTC178258	CHD Retirement Townships Private Limited	Director	16/05/2008	16/05/2008	05/01/2015	Active	NO
9	U80301DL2007PTC168783	AADYANT EDUCATION PRIVATE LIMITED	Director	26/09/2008	26/06/2008	-	Active	NO
10	U70109DL2010PTC199293	CHD INFRA PROJECTS PRIVATE LIMITED	Additional director	06/01/2015	19/02/2010	-	Active	NO
11	U70109DL2010PTC199295	CHD BLUEBERRY REALTECH PRIVATE LIMITED	Director	19/02/2010	19/02/2010	-	Active	NO
12	U70109DL2010PTC199294	CHD ELITE REALTECH PRIVATE LIMITED	Director	19/02/2010	19/02/2010	-	Active	NO
13	U72200DL2010PTC199663	CHD SAASWORK SOFTWARE PRIVATE LIMITED	Director	03/03/2010	03/03/2010	-	Active	NO
14	U01122DL2010PTC200806	CHD AGRO PRODUCTS PRIVATE LIMITED	Director	26/03/2010	26/03/2010	-	Active	NO
15	U80301DL2010PTC201656	NAVYUG EDUCATION PRIVATE LIMITED	Director	16/04/2010	16/04/2010	23/08/2010	Active	NO
16	U93000DL2011PTC218557	CHD HOSPITALITY PRIVATE LIMITED	Director	04/05/2011	04/05/2011	15/01/2014	Active	NO
17	U40300DL2011PTC227663	CHD ENERGY PRIVATE LIMITED	Director	18/11/2011	18/11/2011	-	Active	NO
18	U51909DL2012PTC244429	ARMAAN GLOBAL PRIVATE LIMITED	Director	05/11/2012	05/11/2012	-	Active	NO
19	U70100DL2012PTC245469	CHD SKYONE DEVELOPERS PRIVATE LIMITED	Director	30/11/2012	30/11/2012	-	Active	NO
20	U45203DL2007PTC159744	INTERNATIONAL INFRATECH PRIVATE LIMITED	Additional director	02/02/2013	02/02/2013	05/06/2013	Active	NO
21	U15209DL2013PTC249415	DELIGHT SPIRITS PRIVATE LIMITED	Director	15/03/2013	15/03/2013	-	Active	NO
22	U80903DL2013PTC260213	British Butler Institute (India) Private Limited	Director	13/11/2013	13/11/2013	-	Active	NO

Name :

Mr. R.K. Mittal

Designation :

Director

Address :

Plot No. 11, 2^nd Floor, Nelson Mandela Road, Vasant Kunj, New Delhi – 110070, India

Date of Birth/Age :

27.11.1953

Date of Appointment :

26.09.2008

DIN No.:

00015146

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	U45201DL1984PLC125021	CAPITAL HOMES LIMITED	Director	18/12/1984	18/12/1984	-	Amalgamated	NO
2	L74899DL1990PLC041188	CHD DEVELOPERS LIMITED	Whole-time director	02/02/2011	17/08/1990	-	Active	NO
3	U80301DL2007PTC168783	AADYANT EDUCATION PRIVATE LIMITED	Director	28/09/2007	28/09/2007	-	Active	NO
4	U74140DL2007PTC169622	CHD Facility Management Private Limited	Director	19/10/2007	19/10/2007	-	Active	NO
5	U45200DL2008PTC178258	CHD Retirement Townships Private Limited	Director	16/05/2008	16/05/2008	05/01/2015	Active	NO
6	U80903DL2004PTC124361	CAPITAL INSTITUTE OF COMPETITION TRAINING PRIVATE LIMITED	Director	26/09/2008	26/06/2008	-	Active	NO
7	U70102DL2006PTC149137	DIVINE TOWNSHIPS PRIVATE LIMITED	Director	26/09/2008	28/06/2008	-	Active	NO
8	U70109DL2006PTC149240	HORIZON REALTECH PRIVATE LIMITED	Director	26/09/2008	28/06/2008	-	Active	NO
9	U15532DL2006PTC149331	GOLDEN INFRACON PRIVATE LIMITED	Director	26/09/2008	28/06/2008	-	Active	NO
10	U70109DL2010PTC199293	CHD INFRA PROJECTS PRIVATE LIMITED	Additional director	06/01/2015	19/02/2010	-	Active	NO
11	U70109DL2010PTC199295	CHD BLUEBERRY REALTECH PRIVATE LIMITED	Director	19/02/2010	19/02/2010	-	Active	NO
12	U70109DL2010PTC199294	CHD ELITE REALTECH PRIVATE LIMITED	Director	19/02/2010	19/02/2010	-	Active	NO
13	U72200DL2010PTC199663	CHD SAASWORK SOFTWARE PRIVATE LIMITED	Director	03/03/2010	03/03/2010	-	Active	NO
14	U01122DL2010PTC200806	CHD AGRO PRODUCTS PRIVATE LIMITED	Director	26/03/2010	26/03/2010	-	Active	NO
15	U80301DL2010PTC201656	NAVYUG EDUCATION PRIVATE LIMITED	Director	16/04/2010	16/04/2010	23/08/2010	Active	NO
16	U93000DL2011PTC218557	CHD HOSPITALITY PRIVATE LIMITED	Director	04/05/2011	04/05/2011	15/01/2014	Active	NO
17	U40300DL2011PTC227663	CHD ENERGY PRIVATE LIMITED	Director	18/11/2011	18/11/2011	-	Active	NO
18	U51909DL2012PTC244429	ARMAAN GLOBAL PRIVATE LIMITED	Director	05/11/2012	05/11/2012	-	Active	NO
19	U70100DL2012PTC245469	CHD SKYONE DEVELOPERS PRIVATE LIMITED	Director	30/11/2012	30/11/2012	-	Active	NO
20	U45203DL2007PTC159744	INTERNATIONAL INFRATECH PRIVATE LIMITED	Additional director	02/02/2013	02/02/2013	05/06/2013	Active	NO
21	U15209DL2013PTC249415	DELIGHT SPIRITS PRIVATE LIMITED	Director	15/03/2013	15/03/2013	-	Active	NO
22	U80903DL2013PTC260213	British Butler Institute (India) Private Limited	Director	13/11/2013	13/11/2013	-	Active	NO

Name :

Mr. Atul Saxena

Designation :

Director

Address :

002, Block. 2, East End, Appartment Indirapur, Gaziabad – 201010, Uttar Pradesh, India

Date of Birth/Age :

04.10.1966

Date of Appointment :

27.09.2013

DIN No.:

06609657

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	U15209DL2013PTC249415	DELIGHT SPIRITS PRIVATE LIMITED	Director	30/09/2013	12/06/2013	-	Active	NO
2	U15532DL2006PTC149331	GOLDEN INFRACON PRIVATE LIMITED	Director	27/09/2013	12/06/2013	-	Active	NO
3	U93000DL2011PTC218557	CHD HOSPITALITY PRIVATE LIMITED	Additional director	20/12/2013	20/12/2013	15/01/2014	Active	NO
4	U45200DL2008PTC178258	CHD Retirement Townships Private Limited	Director	26/09/2014	20/12/2013	05/01/2015	Active	NO
5	U70109DL2006PTC149240	HORIZON REALTECH PRIVATE LIMITED	Director	26/09/2014	20/12/2013	-	Active	NO
6	U40300DL2011PTC227663	CHD ENERGY PRIVATE LIMITED	Director	26/09/2014	20/12/2013	-	Active	NO
7	U70109DL2010PTC199294	CHD ELITE REALTECH PRIVATE LIMITED	Director	26/09/2014	20/12/2013	-	Active	NO
8	U70102DL2006PTC149137	DIVINE TOWNSHIPS PRIVATE LIMITED	Director	26/09/2014	20/12/2013	-	Active	NO
9	U74140DL2007PTC169622	CHD Facility Management Private Limited	Director	26/09/2014	20/12/2013	-	Active	NO
10	U70109DL2010PTC199295	CHD BLUEBERRY REALTECH PRIVATE LIMITED	Director	26/09/2014	20/12/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Himanshu
Designation :	Accountant Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 26.09.2014

Names of Shareholders	No. of Shares
Mittal Gaurav	1
CHD Developers Limited, India	49994
R.K. Mittal	1
Radha Mittal	1
Ruchie Mittal	1
Anchal Mittal	1
Varun Pahwa	1
Total	50000

Equity Share Break up (Percentage of Total Equity)

As on 26.09.2014

Category	Percentage
Bodies corporate	99.99
Directors or relatives of Directors	0.01
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Supplier of Rice
Products :	Round white rice Red raw rice Red matta rice Broken rice Parboiled sella rice Rice Husk
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
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
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

No. of Employees :

Information declined by the management

Bankers :

Bank Name	Not Divulged
Branch	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

Auditors :
Name :	Mohan Aggarwal and Associates Chartered Accountants
Address :	18A, 2nd Floor North Avenue Road, Punjabi Bagh (west), New Delhi-110026, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAHFM4733F
Memberships :	Not Available
Collaborators :	Not Available
Holding Company :	CHD Developers Limited L74899DL1990PLC041188
Fellow Subsidiaries Company :	Delight Spirits Private Limited U15209DL2013PTC249415

CAPITAL STRUCTURE

As on 26.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
35000000	Equity Shares	Rs.10/- each	Rs.350.000 Million

Issued, Subscribed & Paid-up Capital :

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

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.500	0.100	0.100
(b) Reserves & Surplus	(0.080)	(0.079)	(0.061)
(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)	0.420	0.021	0.039
(3) Non-Current Liabilities
(a) long-term borrowings	157.110	3.392	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	231.436	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	388.546	3.392	0.000
(4) Current Liabilities
(a) Short term borrowings	19.131	0.000	3.391
(b) Trade payables	0.104	0.000	0.000
(c) Other current liabilities	92.698	0.000	0.000
(d) Short-term provisions	0.002	0.003	0.002
Total Current Liabilities (4)	111.935	0.003	3.393
TOTAL	500.901	3.416	3.432
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	417.953	0.000	0.000
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	10.743	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	428.696	0.000	0.000
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	3.375	3.375	3.375
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	0.333	0.041	0.057
(e) Short-term loans and advances	68.493	0.000	0.000
(f) Other current assets	0.004	0.000	0.000
Total Current Assets	72.205	3.416	3.432
TOTAL	500.901	3.416	3.432

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES	0.000	0.000	0.000
Less	EXPENSES	0.000	0.000	0.000
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	(0.003)	(0.018)	(0.013)
Less	FINANCIAL EXPENSES	0.000	0.000	0.000
	PROFIT/ (LOSS) BEFORE TAX	(0.003)	(0.018)	(0.013)
Less	TAX	(0.001)	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX	(0.002)	(0.018)	(0.013
	Earnings / (Loss) Per Share (Rs.)	NA	NA	NA

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	0.00	(0.53)	(0.38)
Return on Investment (ROI) (PBT/Networth)		0.00	(0.86)	(0.33)
Debt Equity Ratio (Total Debt /Networth)		419.62	161.52	86.95
Current Ratio (Current Asset/Current Liability)		0.65	1138.67	1.01

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	0.100	0.100	0.500
Reserves & Surplus	(0.061)	(0.079)	(0.080)
Net worth	0.039	0.021	0.420
long-term borrowings	0.000	3.392	157.110
Short term borrowings	3.391	0.000	19.131
Total borrowings	3.391	3.392	176.241
Debt/Equity ratio	86.949	161.524	419.621

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	Yes
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	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	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

UNSECURED LOAN

Unsecured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Other loans and advances	157.110	3.392
Short-term borrowings
Loan and advances from others	19.131	0.000
Total	176.241	3.392

INDEX OF CHARGES : NO CHARGES EXIST FOR THE COMPANY

FIXED ASSETS

• Land
• Furniture and Fixture

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.63.76
UK Pound	1	Rs.97.80
Euro	1	Rs.69.91

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	SAN
Report Prepared by :	SUJ

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	1
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	5
--RESERVES	1~10	1
--CREDIT LINES	1~10	3
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		27

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

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

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

RATING EXPLANATIONS

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

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