MIRA INFORM REPORT

Report No. :	311021
Report Date :	13.03.2015

IDENTIFICATION DETAILS

Name :	S S Enterprises

Registered Office :	D-96, 100 Futa Road, Chattarpur, Delhi - 110074

Country :	India

Financials (as on) :	31.10.2014 [Provisional]

Year of Establishment :	July 2014

Capital Investment :	Rs. 2.795 Millions

TIN No.:	06091837134 [Haryana]

PAN No.: [Permanent Account No.]	ARVPS7246N

Legal Form :	Sole Proprietary Concern

Line of Business :	Dealer and Trader of Computer Peripherals.

No. of Employees :	11 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

RATING

STATUS

PROPOSED CREDIT LINE

New Business

Status :	New Concern

Payment Behaviour :	Unknown

Litigation :	Clear

Comments :	Subject is a new proprietary concern and establishing itself gradually. Mr. Satpal Singh, Proprietor provided all information and also confirmed that the concern commenced its operation since its incorporation i.e. July 2014. As per available provisional financial of October 2014, the general financial position of the concern seems to be decent. Trade relations are reported to be improving. Business is active. Payment terms are unknown. The concern can be considered for business dealings on a fully 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 – December 31, 2014

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

India

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

EXTERNAL AGENCY RATING

NOT AVAILABLE

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. Satish Kumar
Designation :	Accountant
Contact No.:	91-9811968030
Date :	12.03.2015

LOCATIONS

Registered Office :	D-96, 100 Futa Road, Chattarpur, Delhi – 110074, India
Tel. No.:	91-11-28844060
Mobile No.:	91-9811968030 [Mr. Satish Kumar]
Fax No.:	Not Available
E-Mail :	ssenterprises408@gmail.com mrigank1980@gmail.com dalalnarinder@gmail.com

Showroom :	SF-218, Block D, Sushant Tower, Sushant Lok III, Gurgaon, Haryana, India
Tel. No.:	91-124-4144461

Godown :	Plot No. 85, Sector 44, Gurgaon, Haryana, India

SOLE PROPRIETOR

Name :	Mr. Satpal Singh
Designation :	Proprietor
Address :	B-82, 2nd Floor, Ardee City, Sector - 52, Gurgaon, Haryana, India
Date of Birth/Age :	10.07.1970
Qualification :	Graduate
Experience :	22 Years
PAN No.:	ARVPS7246N

KEY EXECUTIVES

Name :	Mr. Satish Kumar
Designation :	Accountant

BUSINESS DETAILS

Line of Business :	Dealer and Trader of Computer Peripherals.

Brand Names :	--

Agencies Held :	--

Exports :
Products :	--
Countries :	--

Imports :
Products :	--
Countries :	--

Terms :
Selling :	Cash and Credit [30 Days]

Purchasing :	Cash and Credit [30 Days]

GENERAL INFORMATION

Suppliers :

Reference:	Rathee Enterprises B-150, Rama Park, Uttam Nagar, New Delhi, India
Name of the Person (Designation):	Mr. Mahesh Kumar [Accounts Department]
Contact Number:	91-9891333511
Since how long known:	July 2014
Maximum limit dealt:	Rs. 120.000 Millions [upto till date]
Experience:	Payment Behaviour = Average Market Goodwill = Good
Remark	As claimed Mr. Mahesh from July to till date they have not faced any problem about their payments on time.

Customers :

Retailers and Others

Reference:	Landmark Infonet Private Limited A-11, C.R. Park, New Delhi – 110019, India
Name of the Person (Designation):	Mr. Mrigank [Finance Head]
Contact Number:	91-9871429933
Since how long known:	8 Months
Maximum limit dealt:	As per requirement
Experience:	Payment Behaviour = Good Market Goodwill = Good
Remark	Product quality is good, no delayed in delivery behavior.

No. of Employees :

11 (Approximately)

Bankers :

Bank Name:	HDFC Bank Limited
Branch:	B-1, Vaniya Vihar, V, Gurgaon, Haryana, India
Person Name (with Designation):	Not Divulged
Contact Number:	Not Divulged
Name of Account Holder:	Not Divulged
Account Number:	50200005649720
Account Since (Date/ Year of A/c Opening):	23.09.2014
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

Facilities :


Auditors :
Name :	Mr. Narender Singh Dalal Chartered Accountant
Address :	Ardee City, Gurgaon, Haryana, India

Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

AS ON 31.10.2014 [PROVISIONAL]

Capital Investment :
Owned :	Rs. 2.795 Millions
Borrowed :	--
Total :	Rs. 2.795 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

Note : Sole Proprietary and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry.

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.10.2014 [Provisional]
SHAREHOLDERS FUNDS
1] Proprietor Capital		2.795
2] Share Application Money		0.000
3] Profit and Loss Account		0.000
4] (Accumulated Losses)		0.000
NETWORTH		2.795
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		9.075
TOTAL BORROWING		9.075
DEFERRED TAX LIABILITIES		0.000

TOTAL		11.870

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		2.048
Capital work-in-progress		0.000

INVESTMENT		0.000
DEFERRED TAX ASSETS		0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	18.456
	Sundry Debtors	21.107
	Cash & Bank Balances	0.610
	Other Current Assets	0.000
	Loans & Advances	0.000
Total Current Assets		40.173
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000
	Other Current Liabilities	2.796
	Provisions	27.555
Total Current Liabilities		30.351
Net Current Assets		9.822

MISCELLANEOUS EXPENSES		0.000

TOTAL		11.870

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.10.2014 [Provisional]
	SALES
		Income	90.924
		Other Income	0.000
		TOTAL	90.924

Less	EXPENSES
		Cost of Goods sold	90.211
		Postage and Telegram and Courier Charges	0.009
		Printing and Stationery	0.003
		Rent Expenses	0.036
		Bank Charges	0.006
		Salary	0.114
		Staff Welfare	0.013
		Travelling and Conveyance	0.022
		TOTAL	90.414

	NET PROFIT		0.510

KEY RATIOS

PARTICULARS		31.10.2014 [Provisional]
Net Profit Margin (PAT/Sales)	(%)	0.56

Return on Total Assets (PBT/Total Assets}	(%)	1.21

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

Debt Equity Ratio (Total Debt/Networth)		3.25

Current Ratio (Current Asset/Current Liability)		1.32

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for three months	Yes
12]	Profitability for last three months	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	Yes
18]	Major customers	Yes
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	No
25]	Conduct of the banking account	Yes
26]	Buyer visit details	Yes
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	No
29]	Last accounts filed at ROC	No
30]	Major Shareholders, if available	No
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

------------------------------------------------------------------------------------------------------------------------------

OBSERVATION POINTS

Name Board:	Sighted

Location:	Easy

Landmark (If any):	--

Total floors of the building:	5

Subject situated on:	2nd Floor

Locality:	Commercial

Area of premises:	--

Area:	Upmarket

Proof of visit:	Visiting Card / Photograph

------------------------------------------------------------------------------------------------------------------------------

UNSECURED LOANS

(RS. IN MILLIONS)

PARTICULARS	31.10.2014 [Provisional]

Long term from friends and relatives	9.075

Total	9.075

------------------------------------------------------------------------------------------------------------------------------

PROJECTED BALANCE SHEET

(RS. IN MILLIONS)

PARTICULARS	31.03.2015 Estimates	31.03.2016 Projection	31.03.2017 Projection	31.03.2018 Projection	31.03.2019 Projection

SOURCES OF FUNDS
SHAREHOLDERS' FUNDS
Capital	5.500	7.762	14.517	22.015	30.514
Reserve and Surplus	2.262	6.755	7.498	8.499	10.591

Sub- total	7.762	14.517	22.015	30.514	41.105

LOANS
Bank CC Limit	40.000	40.000	50.000	60.000	60.000
Unsecured Loan	6.000	6.000	6.000	6.000	6.500

Sub- total	46.000	46.000	56.000	66.000	66.500

CURRENT LIABILITIES & PROVISIONS
Sundry Creditors	1.000	1.450	1.750	2.950	5.250
Other Liabilities	--	--	--	--	1.903
Income Tax Provisions	1.012	3.021	3.353	3.800	4.736

Sub- total	2.012	4.471	5.103	6.750	11.889

TOTAL	55.774	64.988	83.117	103.264	119.493

APPLICATION OF FUNDS
FIXED ASSETS
Gross Block	--	--	--	--	--
Less: Depreciation	--	--	--	--	--

Net Block	--	--	--	--	--

CURRENT ASSETS, LOANS & ADVANCES
Sundry Debtors	24.107	24.304	28.646	40.867	48.171
Cash in Bank	0.340	0.500	0.750	0.850	0.900
Cash in Hand	2.398	1.538	2.930	3.137	3.250
Stock in Trade	28.929	38.646	50.792	58.410	67.172
Advance for materials	--	--	--	--	--

Sub- total	55.774	64.988	83.117	103.264	119.493

TOTAL	55.774	64.988	83.117	103.264	119.493

------------------------------------------------------------------------------------------------------------------------------

PROJECTED PROFIT AND LOSS ACCOUNT

(RS. IN MILLIONS)

PARTICULARS	31.03.2015 Estimates	31.03.2016 Projection	31.03.2017 Projection	31.03.2018 Projection	31.03.2019 Projection

INCOME
Sales	135.000	265.000	304.750	350.463	403.032

Total	135.000	265.000	304.750	350.463	403.032

EXPENSES
Cost of Sales	118.125	231.875	266.656	306.655	352.653

Rent	5.400	10.600	12.190	14.019	16.121

Total	123.525	242.475	278.846	320.673	368.774

Gross Profit	11.475	22.525	25.904	29.789	34.258

Administrative and Other Expenses
Audit Fees	0.050	0.050	0.075	0.075	0.100

Electricity Expenses	0.060	0.121	0.133	0.146	0.161

Insurance	0.200	0.440	0.484	0.532	0.586

Legal Exp.	0.150	0.375	0.469	0.586	0.732

News Paper and Periodicals	0.015	0.028	0.030	0.033	0.037

Staff Welfare Expenses	0.025	0.068	0.078	0.090	0.103

Postage, Courier and Telegram	0.002	0.004	0.005	0.005	0.006

Printing and Stationery	0.035	0.052	0.060	0.068	0.079

Processing Fees	0.008	0.206	0.227	0.250	0.275

Rent	0.150	0.198	0.218	0.240	0.264

Salary	3.550	4.535	5.215	5.998	6.897

Misc. Expenses	0.532	1.350	1.485	1.634	1.797

Telephone Expenses	0.075	0.138	0.151	0.166	0.183

Travelling and Conveyance	0.150	0.385	0.424	0.466	0.512

Bank Intt on CC	3.200	4.800	6.000	7.200	7.200

Total	8.202	12.749	15.053	17.489	18.931

Profit before Tax	3.274	9.776	10.850	12.300	15.326

Less : Provision for Income tax	1.012	3.021	3.353	3.801	4.736

Profit after Tax	2.262	6.755	7.498	8.499	10.591

Transferred to Capital	2.262	6.755	7.498	8.499	10.591

Opening Stock	0.000	28.929	38.646	50.792	58.410

Cost of Construction	118.125	231.875	266.656	306.655	352.653

Closing Stock	28.929	38.646	50.792	58.410	67.172

Purchases Material and Services	147.054	241.592	278.802	314.273	361.414

Cost of Goods Sold	118.125	231.875	266.656	306.655	352.653

Interest Exp.	--	--	--	--	--

Depreciation	5.400	10.600	12.190	14.019	16.121

Admin Expenses	5.002	7.949	9.053	10.289	11.731

G.P. Ratio	8.50	8.50	8.50	8.50	8.50

N.P Ratio	2.42	3.69	3.56	3.51	3.80

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ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

OPERATING STATEMENT

(RS. IN MILLIONS)

SR. NO.	PARTICULARS	31.03.2015 Projected	31.03.2016 Projected	31.03.2017 Projected	31.03.2018 Projected	31.03.2019 Projected

1	Gross Sales
	(i) Sales	135.000	265.000	304.750	350.463	403.032
	(ii) Servicing and BPO	0.000	0.000	0.000	0.000	0.000

	Total	135.000	265.000	304.750	350.463	403.032

2	Less: Excise Duty	--	--	--	--	--

3	Net Sales (1-2)	135.000	265.000	304.750	350.463	403.032

4	% age rise (+) or fall (-) in net sales as compared to previous year	--	196%	115%	115%	115%

5	Cost of Sales
	i) Raw Materials Purchased (including store and other items used in the process of manufacture)
	(a) Purchases	147.054	241.592	278.802	314.273	361.414
	(b) Manufacturing Expenses	5.400	10.600	12.190	14.019	16.121
	(c)	--	--	--	--	--

	Depreciation	--	--	--	--	--

	Sub Total	152.454	252.192	290.992	328.292	377.536

	Add : Opening Stocks in process	0.000	28.929	38.646	50.792	58.410

	Sub Total	152.454	281.121	329.638	379.084	435.946

	Deduct : Closing Stocks in process	28.929	38.646	50.792	58.410	67.172

	Cost of Production	123.525	242.475	278.846	320.673	368.774

	Add : Opening Stock of Finished Goods	0.000	0.000	0.000	0.000	0.000

	Sub Total	123.525	242.475	278.846	320.673	368.774

	Deduct : Closing Stock of Finished Goods	0.000	0.000	0.000	0.000	0.000

	Sub Total (Total Cost of Sales)	123.525	242.475	278.846	320.673	368.774

6	Selling, General and Administrative Expenses	5.002	7.949	9.053	10.289	11.731

7	Sub Total (5+6)	128.527	250.424	287.900	330.962	380.505

8	Operating Profit before interest (3-7)	6.473	14.576	16.850	19.500	22.526

9	Interest	3.200	4.800	6.000	7.200	7.200

10	Operating Profit after interest (8-9)	3.273	9.776	10.850	12.300	15.326

11	i) Add: Other Non-Operating income
	(a) Interest income	0.000	0.000	0.000	0.000	0.000
	(b)	--	--	--	--	--

	Sub Total (Income)	0.000	0.000	0.000	0.000	0.000

	ii) Deduct: Other Non-Operating Expenses
	(a) Misc. expenses	0.000	0.000	0.000	0.000	0.000
	(b)	0.000	0.000	0.000	0.000	0.000

	Sub Total (Expenses)	0.000	0.000	0.000	0.000	0.000

	iii) Net of other non-operating income/ expenses [Net of 11(i) and 11(ii)]	0.000	0.000	0.000	0.000	0.000

12	Profit before tax/ loss 10+11(iii)	3.273	9.776	10.850	12.300	15.326

13	Provision/Payment of taxes	1.012	3.021	3.353	3.801	4.736

14	Net Profit/ Loss (12-13)	2.262	6.755	7.498	8.499	10.591

15	(a) Equity Dividend paid	0.000	0.000	0.000	0.000	0.000

16	Retained Profit (14-15)	2.262	6.755	7.498	8.499	10.591

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ANALYSIS OF BALANCE SHEET

(RS. IN MILLIONS)

SR. NO.	PARTICULARS	31.03.2015 Projected	31.03.2016 Projected	31.03.2017 Projected	31.03.2018 Projected	31.03.2019 Projected

	CURRENT LIABILITIES
1	Short term borrowings from banks (including bills Purchased, discounted and excess borrowings placed on repayment basis)
	i) From applicant bank (P.N.B.)	40.000	40.000	50.000	60.000	60.000
	ii) From other banks	0.000	0.000	0.000	0.000	0.000

	Sub-Total (a)	40.000	40.000	50.000	60.000	60.000

2	Short term borrowing others	--	--	--	--	--

3	Sundry creditors (Trade)	1.000	1.450	1.750	2.950	5.250

4	Advances payments from Customers	--	--	--	--	--

5	Provision for taxation	1.012	3.021	3.353	3.801	4.736

6	Dividend Payment	--	--	--	--	--

7	Statutory Liabilities (due within one year)	--	--	--	--	--

8	Deposits/ installments on term loans/ DPGs debentures etc.	--	--	--	--	--

9	Other current liabilities and Provisions (Specify major items)	0.000	0.000	0.000	0.000	1.903

	Sub Total (B)	2.012	4.471	5.103	6.751	11.889

10	TOTAL CURRENT LIABILITIES	42.012	44.471	55.103	66.751	71.889
	(Total of 1 to 9)

	TERM LIABILITIES
11	Debenture	0.000	0.000	0.000	0.000	0.000

12	Preference Shares (redeemable after one year)	0.000	0.000	0.000	0.000	0.000

13	Term loans( excluding installments payable with one year)	0.000	0.000	0.000	0.000	0.000

14	Deferred Payment Credits exclude. Installments due within one Year	0.000	0.000	0.000	0.000	0.000

15	Unsecured Loan	0.000	0.000	0.000	0.000	0.000

16	Other term liabilities (F and R)	6.000	6.000	6.000	6.000	6.500

17	TOTAL TERM LIABILITIES	6.000	6.000	6.000	6.000	6.500
	(Total of items 11 to 16)

18	TOTAL OUTSIDE LIABILITIES	48.012	50.471	61.103	72.751	78.389
	(Total of 10+17)

	NET WORTH
19	Ordinary share capital	5.500	7.762	14.517	22.015	30.514

20	Share Application Money	0.000	0.000	0.000	0.000	0.000

21	Regulation Reserve	--	--	--	--	--

22	Other resume (excluding provision)	--	--	--	--	--

23	Surplus(+) or deficit (-) Profit and Loss account	2.262	6.755	7.498	8.499	10.591

24	NET WORTH	7.762	14.517	22.015	30.514	41.105

25	TOTAL LIABILITIES (Total of 18-24)	55.774	64.988	83.117	103.265	119.493

	ASSETS
	CURRENT ASSETS
26	Cash and bank balances	2.738	2.038	3.680	3.987	4.150

27	Investments (Other than long term investment)
	(i) Government and Other trustee securities	--	--	--	--	--
	Branch Office
	(ii) Fixed deposits with banks	0.000	0.000	0.000	0.000	0.000

28	(i) Receivables other than deferred and exports (including bill purchased and discounted by banks)	24.107	24.304	28.646	40.867	48.171

	(ii) Export receivables (including bills purchased discounted by banks)	0.000	0.000	0.000	0.000	0.000

29	Installments of deferred receivables (due within one year)	0.000	0.000	0.000	0.000	0.000

30	Inventory :
	(i) Raw Materials (including stores and other items used in the manufactures)
	(a) Imported	0.000	0.000	0.000	0.000	0.000
	(b) Indigenous	0.000	0.000	0.000	0.000	0.000

	(ii) Stocks in process	28.929	38.646	50.792	58.410	67.172

	(iii) Finished Goods	0.000	0.000	0.000	0.000	0.000

	(iv) Other consumable spares
	(a) Imported	0.000	0.000	0.000	0.000	0.000
	(b) Indigenous	0.000	0.000	0.000	0.000	0.000

31	Advances to suppliers of raw materials and stores/spares	0.000	0.000	0.000	0.000	0.000

32	Advance Payment Duties	--	--	--	--	--

33	Other current assets (specify major items)	0.000	0.000	0.000	0.000	0.000
	Pre-operative a/c	--	--	--	--	--
	Preliminary Expenses	--	--	--	--	--
	Deferred Assets	--	--	--	--	--

34	TOTAL CURRENT ASSETS (Total 26 to 33)	55.774	64.988	83.117	103.264	119.493

	FIXED ASSETS
35	Gross Block (Land and Building machinery work in progress)	0.000	0.000	0.000	0.000	0.000

36	Depreciation to date	0.000	0.000	0.000	0.000	0.000

37	Net Block (35-36)	0.000	0.000	0.000	0.000	0.000

	OTHER NON-CURRENT ASSETS
38	Investments/ book debts/ advances/ which are not Current Assets
	(i) Investments in subsidiary Security Deposits	0.000	0.000	0.000	0.000	0.000

	(ii) Advances to suppliers of capital goods and contractors	0.000	0.000	0.000	0.000	0.000

	(iii) Deferred receivables maturity within one year	0.000	0.000	0.000	0.000	0.000

	(iv) Other (Advances)	0.000	0.000	0.000	0.000	0.000

39	Non-Consumable stores	0.000	0.000	0.000	0.000	0.000

40	Other non-current assets including dues from directors.	0.000	0.000	0.000	0.000	0.000

41	TOTAL OTHER NON-CURRENT ASSETS	0.000	0.000	0.000	0.000	0.000
	(Total of 38 to 40)

42	Intangible assets (patents, goodwill, prelim expenses, bad/ doubtful/ debts not provided for etc.)	0.000	0.000	0.000	0.000	0.000

43	TOTAL ASSETS (Total of 34, 37, 41 and 42)	55.774	64.988	83.117	103.264	119.493

44	Tangible Net Worth (24-42)	7.762	14.517	22.015	30.514	41.105

45	Net Working Capital [(17+24)-(37+41+42)] To tally with (34-10)	13.762	20.517	28.015	36.513	47.604

46	Current Ratio (34/10)	1.33	1.46	1.51	1.55	1.66

47	Total Outside Liabilities/ Tangible Net Worth (18/44)	6.19	3.48	2.78	2.38	1.91

48	TOL/TNW treating F&R as quasi equity (18-16)/(16+44)	3.05	2.17	1.97	1.83	1.51

	ADDITIONAL INFORMATION
A	Arrears of depreciation	0.000	0.000	0.000	0.000	0.000

B	Contingent Liabilities (B.G.)
(i)	Arrears of cumulative dividends	0.000	0.000	0.000	0.000	0.000
(ii)	Gratuity liability not provided for	0.000	0.000	0.000	0.000	0.000
(iii)	Disputed excise/ customs/ tax liabilities	0.000	0.000	0.000	0.000	0.000
(iv)	Other liabilities not provided for	0.000	0.000	0.000	0.000	0.000

------------------------------------------------------------------------------------------------------------------------------

FUND FLOW STATEMENT

(RS. IN MILLIONS)

SR. NO.	PARTICULARS	31.03.2015 Projected	31.03.2016 Projected	31.03.2017 Projected	31.03.2018 Projected	31.03.2019 Projected

1	SOURCES
a)	Net Profit (after tax)	2.262	6.755	7.498	8.499	10.591

b)	Depreciation	0.000	0.000	0.000	0.000	0.000

c)	Increase in Capital and Subsidy	--	2.262	6.755	7.498	8.499

d)	Increase in Term Liabilities (Including Public Deposits)	--	0.000	0.000	0.000	0.500

e)	Decrease in
i)	Fixed Assets	--	--	--	--	--

ii)	Other Non-Current Assets	0.000	0.000	0.000	0.000	0.000

f)	Others	--	--	--	--	--

g)	TOTAL	--	9.017	14.253	15.997	19.590

2	USES
a)	Net Loss	--	--	--	--	--

b)	Decrease in Term Liabilities (including Public Deposits)	0.000	0.000	0.000	0.000	0.000

c)	Increase in :
i)	Fixed Assets	--	0.000	0.000	0.000	0.000

ii)	Other Non-Current Assets	--	0.000	0.000	0.000	0.000

d)	Dividend Payments	0.000	0.000	0.000	0.000	0.000

e)	Others	--	--	--	--	--

f)	Total	--	--	--	--	--

3	Long Term Surplus (+) / Deficits (-) (1-2)	--	9.017	14.253	15.997	19.590

4	Increase/ Decrease in Current Assets (as per details given below)	--	9.214	18.129	20.147	16.229

5	Increase/ Decrease in Current Liabilities other than Bank borrowings	--	2.459	0.632	1.648	5.138

6	Increase/ Decrease in Working Capital Gap	--	6.755	17.497	18.499	11.091

7	Net Surplus (+) deficit (-)(difference of 3 and 6)	--	2.262	(3.245)	(2.502)	8.499

8	Increase/ Decrease in Bank Borrowing	--	0.000	10.000	10.000	0.000

	Increase/ Decrease in Net Sales
	Break up of (4)
I)	Increase/ Decrease in Raw Materials	--	0.000	0.000	0.000	0.000

ii)	Increase/ Decrease in Stock in Process	--	9.717	12.146	7.619	8.762

iii)	Increase/ Decrease in in Finished Goods	--	0.000	0.000	0.000	0.000

iv)	Increase/ Decrease in Receivables
	a) Domestic	--	0.197	4.342	12.221	7.304
	b) Export	--	--	--	--	--

v)	Increase/ Decrease in Stores and Spares	0.000	0.000	0.000	0.000	0.000

vi)	Increase/ Decrease in other Current Assets including Cash in Hand	--	(0.700)	1.642	0.307	0.163

	Total	--	9.214	18.129	20.147	16.229

NOTE:

Increase/Decrease under item 4 to 8, as also under break-up of (4) should be indicated by (+) / (-).

------------------------------------------------------------------------------------------------------------------------------

COMPARATIVE STATEMENT OF CURRENT ASSETS & CURRENT LIABILITIES

(RS. IN MILLIONS)

SR. NO.	PARTICULARS	31.03.2015 Projected	31.03.2016 Projected	31.03.2017 Projected	31.03.2018 Projected	31.03.2019 Projected

	CURRENT ASSETS
1)	Raw Materials (including stores and other Items used in the process
	a) Indigenous	0.000	0.000	0.000	0.000	0.000
	b) Months Consumption	0.00	0.00	0.00	0.00	0.00
	c) Imported	0.000	0.000	0.000	0.000	0.000

2)	Other Consumable Spares excluding those above included on 1 above	0.000	0.000	0.000	0.000	0.000

3)	Stock in process	28.929	38.646	50.792	58.410	67.172
	Month Cost of production	1.64	1.91	2.19	2.19	2.19

4)	Finished goods:	0.000	0.000	0.000	0.000	0.000
	Month cost of sales	0.00	0.00	0.00	0.00	0.00

5)	Receivable other than export and deferred receivable (including bills purchased and discount)	24.107	24.304	28.646	40.867	48.171

6)	Export receivable (including bills Purchase and discount) Months	0.000	0.000	0.000	0.000	0.000

7)	Advances to Suppliers of Raw Material and stores/spares,	0.000	0.000	0.000	0.000	0.000

8)	Other Current Assets including Cash and Bank Balances and deferred receivable	2.738	2.038	3.680	3.987	4.150

9)	TOTAL CURRENT ASSETS	55.774	64.988	83.117	103.264	119.493
	(to agree with item 34 in form III)

B	CURRENT LIABILITIES
	(Other than Bank Borrowings for working Capital)

10	Creditors for purchases of Raw Material Stores and Consumable Spares	1.000	1.450	1.750	2.950	5.250
	Months Purchases	0.00	0.00	0.00	0.00	0.00

11	Advances from Customers
	Short Term Loans:	0.000	0.000	0.000	0.000	0.000

12	Statutory Liabilities	1.012	3.021	3.353	3.801	4.736

13	Other Current Liabilities (Specify major items) (Specify major items) loans, dividend payable, installments of TL, DPG, Public deposits, etc.	--	--	-	--	1.903

14	TOTAL CURRENT LIABILITIES (To agree with sub-total B-Form III)	2.012	4.471	5.103	6.751	11.889

15	Working Capital Gap	53.762	60.517	78.015	96.513	107.604

16	Net Working Capital	13.762	20.517	28.015	36.513	47.604

17	Permissible Bank Finance	40.322	45.388	58.511	72.385	80.703

18	Actual Bank Finance	40.000	40.000	50.000	60.000	60.000

------------------------------------------------------------------------------------------------------------------------------

COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL

(RS. IN MILLIONS)

SR. NO.	PARTICULARS	31.03.2015 Projected	31.03.2016 Projected	31.03.2017 Projected	31.03.2018 Projected	31.03.2019 Projected

1	Total Current Assets	55.774	64.988	83.117	103.264	119.493

2	Other Current Liabilities (Other than bank borrowing)	2.012	4.471	5.103	6.751	11.889

3	Working Capital Gap (1-2)	53.762	60.517	78.015	96.513	107.604

4	Min. stipulated Net Working Capital Gap 25% of total current assets other than Export Receivables (as at 28(ii) of form lll)	13.441	15.129	19.504	24.128	26.901

5	Actual/ Projected net working capital (45 in form lll)	13.762	20.517	28.015	36.513	47.604

6	Item 3 minus item 4 (3-4)	40.322	45.388	58.511	72.385	80.703

7	Item 3 minus item 5 (3-5)	40.000	40.000	50.000	60.000	60.000

8	Maximum Permissible bank finance Min of item 6 or 7	40.000	40.000	50.000	60.000	60.000

9	Excess borrowings representing short fall in NWC (4-5)	(0.322)	(5.388)	(8.511)	(12.385)	(20.703)

------------------------------------------------------------------------------------------------------------------------------

PERFORMANCE AND FINANCIAL INDICATORS

(RS. IN MILLIONS)

SR. NO.	PARTICULARS	31.03.2015 Projected	31.03.2016 Projected	31.03.2017 Projected	31.03.2018 Projected	31.03.2019 Projected

1	Gross Sales Rooms	135.000	265.000	304.750	350.463	403.032

2	Servicing and BPO	0.000	0.000	0.000	0.000	0.000

3	Less: Central Excise	0.000	0.000	0.000	0.000	0.000

4	Net Sales	135.000	265.000	304.750	350.463	403.032

5	PBT	3.273	9.776	10.850	12.300	15.326

6	PBT/Sales %	2.42	3.69	3.56	3.51	3.80

7	Taxation	1.012	3.021	3.353	3.801	4.736

8	PAT	2.262	6.755	7.498	8.499	10.591

9	Depreciation	0.000	0.000	0.000	0.000	0.000

10	Cash Accrual	2.262	6.755	7.498	8.499	10.591

11	Intt. Paid	3.200	4.800	6.000	7.200	7.200

12	PBDIT	6.473	14.576	16.850	19.500	22.526

13	TNW	7.762	14.517	22.015	30.514	41.105

14	TOL/TNW	6.19	3.48	2.78	2.38	1.91

15	Current Ratio	1.33	1.46	1.51	1.55	1.66

16	PBDIT/ Intt.	2.02	3.04	2.81	2.71	3.13

17	PBDIT/Net Sales%	5%	6%	6%	6%	6%

18	ROCE %	12%	22%	20%	19%	19%

19	Inventories Receivable/Gross Sales (months)	143.39	86.70	95.14	103.40	104.46

20	Inventories	--	--	--	--	--

------------------------------------------------------------------------------------------------------------------------------

NETWORTH STATEMENT

MR. SATPAL SINGH

(RS. IN MILLIONS)

DETAILS OF ASSETS

IMMOVABLE PROPERTIES

Location / Address	Whether Land/ House/ Flat/ Commercial/ Agricultural property	Extent of holding [%]	Name of Joint owner, if any	If encumbered to what extent	Market value in Millions	Details of mortgages encumbrance

B-82, 2^nd Floor, Ardee City, Sector 52, Gurgaon	Residential House	100%	NA	Yes	15.000	Mortgage to IDBI for Home Loan

G-902, Antrikesh Height, Sector 83	Residential House	100%	NA	Yes	10.000	Mortgage to PNB HFC for Home Loan

SF-218, Sushant, Tower D, Block Sushant Lok II, Gurgaon	Shop cum Office	100%	NA	Yes	15.500	Nil

LIQUID ASSETS

Particulars	Amount in Millions	If encumbered to what extent
Cash	0.076	NA

Bank Balance	0.036	NA

SHARES

Particulars

Amount in Millions

Rs. 0.500 Million

JEWELLERY

Particulars

Amount in Millions

Jewellery

Rs. 0.525 Million

IN ASSOCIATE FIRM, IF ANY

Particulars

Amount in Millions

Income per Month

Rs. 0.150 Million

BORROWINGS FROM BANKS

Particulars	Amount in Millions
PNB HFC Home Loan	Rs. 3.275 Millions

IDBI Home Loan	Rs. 1.400 Millions

------------------------------------------------------------------------------------------------------------------------------

PROFILE

Subject is a proprietorship of Mr. Satpal Singh having its office at D-96, 100 Futa Road, Chattarpur, Delhi – 110074 and SF-218, Sushant Lok Tower, Block-D, Sector 56, Gurgaon. Mr. Satpal Singh have vast experience of more than 18 years in the field of ITES Industry. Prior to this venture he worked with many leading companies trading in ITES hardware and software. He was a very senior level sales officer in a leading IT company in his last assignment. He planned to start this venture due to his vast experience in sales of IT Products. In just in one and half month of starting of this venture his firm achieved sales of Rs. 35.875 Millions. He set sales target of Rs. 250.000 Millions for this financial year.

Under his firm S.S. Enterprises trading activities are under taken basically related to hardware of computer, printing machines/ printers, toner and cartridge etc. the firm is planning to purchase directly from the manufactures of these items and from the importers of these items. The firm has sales team which procures orders from big corporate and various Government Departments for their large requirements. Once the orders are confirmed the supply is sourced either from the inventory of stock within firm or from the market.

The firm has big clients towards various verticals in this business like going into software services, annual maintenance contract of these items and also adding of other items in their inventory.

------------------------------------------------------------------------------------------------------------------------------

VALUATION REPORT

Purpose of Valuation	Property No. 24, Block – B1, Florence Villa, Sushant Lok – III, Gurgaon, Haryana

Owner	Mrs. Poorva Sharma w/o Mr. Rajeev Sharma

On behalf of	Bank of India, Janpath, New Delhi

(PART A – BASIC DATA)

I. GENERAL

Purpose of Valuation

Fair Market Value for bank credit facilities

Name of the Owner [as reported] with address and phone number

Mrs. Poorva Sharma

w/o Mr. Rajeev Sharma

R/O: H. No. 37, Sector 30, Gurgaon, Haryana

Documents produced for perusal

Photocopy of Sale Deed dated 03.03.2009 Reg. No. 24287 in Book No. 1, Vol No. 9753 on Page No. 140 and additional Book No. 1, Vol No. 832 on Page No. 52 and 53 In SRO, Gurgaon seen and returned.

Brief description of the property

This is residential property built as G + 3 on a plot of 180 Sq. Mt. or 215.28 Sq. Yds. or Super built up area 2551 Sq. ft. comprising one drawing cum dining, three bedroom, lobby, one kitchen, one toilet and courtyards.

II. DESCRIPTION OF THE PROPERTY

Postal address of the property

Property No. 24, Block – B1, Florence Villa, Sushant Lok III, Gurgaon, Haryana

Location of the property

· Plot No./ Nagar

· S.F. No./ T.S. No./ R.S. No.

· Village/ Block

· Taluk/ Ward

As above

Boundaries of the property

North

South

East

West

As per deed	Actual
Plot No. B1/25 and Road	Plot No. B1/25 and Road
Plot No. B1/23 and HUDA Land	Plot No. B1/23 and HUDA Land
Plot No. B1/25 and HUDA Land	Plot No. B1/25 and HUDA Land
Plot No. B1/23 and Road	Plot No. B1/23 and Road

Property Tax Receipt Referred

Assessment Number

Tax Amount

Receipt in the name of

Not Provided

Electricity service connection

Number in the name of

Not Provided

Property is presently occupied by

Rented out

If tenanted fully, what is expected monthly rent?

Owner to disclose

If occupied by both

By assuming the entire building is let out

What is the probable monthly rent?

What is the advance amount?

Owner to disclose

III. PROCEDURE OF VALUATION

F.S.I. 1.31

Plot Coverage 65%

[PART B - LAND]

Dimension of the site

North

South

East

West

As per title deed	Actual
--	215.28 Sq. Yds.
--	--
--	--
--	--

Extent of site

215.28 Sq. Yds. or 180 Sq. Mt.

Characteristics of the site

- What is the character of the locality?

Residential

- What is the classification of the locality?

Middle

- Road facilities are available?

Yes

- What is the width of the Road?

Road 30 Ft. wide

- Any factors which affect the marketability of the land?

Nil

- Tenure of the land?

Freehold

Value of adopting GLR

- Guideline rate as obtained from the Registrar’s office

Rs. 50000/- per Sq. yds.

- Value of land by adopting GLR

215.28 Sq. yds. x Rs. 50000

= Rs. 10.764 Millions

Value of adopting PMR

- Prevailing Market rate unit rate adopting in this valuation

Rs. 100000/- to Rs. 110000/- per Sq. Yds.

- After considering the characteristics of the subject plot

Rs. 100000/- per Sq. Yds.

- Value of land share by adopting PMR

215.28 per Sq. Yds. x Rs. 100000/-

= Rs. 21.528 Millions

PART C – BUILDINGS

Type of Construction

RCC Spread Columns, Load bearing wall, RCC Slab

Quality of Construction

Average

Appearance of Building

Average

VALUATION OF BUILDING

DESCRIPTION	GROUND FLOOR	FIRST FLOOR	SECOND AND THIRD FLOOR
Specification Foundation Floor finish Superstructure Roof Doors Windows	RCC Spread Column Load bearing wall Marble Load bearing wall RCC Teak Wood Glazed / Teak Wood	-- -- Marble Load bearing wall RCC Teak Wood Glazed / Teak Wood	-- -- PCC Load bearing wall RCC -- --

Plinth area [Approx.]	1150 Sq. ft.	1000 Sq. ft.	250 Sq. ft. + 150 Sq. ft. 401 Sq. ft.

Year of Construction	2007	2007	2007

Age of the building	7 Years	7 Years	7 Years

If the age is not exactly known, further life expected	58 Years	58 Years	58 Years

Total life of the building estimated	65 Years	65 Years	65 Years

Depreciation percentage assuring salvage value 1.53	11%	11%	11%

Replacement rate of construction with the existing conditions and specifications	1000	900	900

Replacement Value	1.150	0.900	0.361

Depreciation Value at the rate	0.126	0.099	0.040

Present value of the building	1.024	0.801	0.321

Total Value of the building	2.146

PART D – AMENITIES AND EXTRA ITEMS

[VALUE AFTER DEPRECIATION]

1	Ornamental Front / Pooja Door	LS	Rs. 1.000 Million

2	Open Staircase	LS

3	Wardrobes, showcases, wooden cupboards	LS

4	Interior decorations	LS

5	Architectural Elevation works	LS

6	False ceiling works	LS

7	Separate Lumber Room	LS

8	Construction material at site	LS

9	Separate toilet room and servant room at terrace	LS

10	Common amenities	LS

11	Part of RCC frame structure works	LS

12	Extra for Glazed Aluminium portioned offices/ Cabins etc.	LS

13	Tree Plantation lawn land escaping	LS

	Total		Rs. 1.000 Million

PART E – SERVICES

[VALUE AFTER DEPRECIATION]

1	Water Supply arrangements Open Well Deep bore Hand pump Motor Corporation Tap Underground level sump Overhead level sump	LS	Rs. 1.000 Million

2	Drainage arrangements Septic Tank Underground sewerage	LS

3	Compound Wall	LS

4	Pavements	LS

5	Steel Gate	LS

6	E.B. Deposits, Water Deposits, Drainage Deposits etc.	LS

7	Electrical fittings and others	LS

	Total		Rs. 1.000 Million

IV. DRAWING APPROVAL

Constructed as per HUDA Building by Laws.

PART F – ABSTRACT VALUE

Part	Description	Value by adopting PMR
B	Land	21.528

C	Building	2.146

D	Amenities	1.000

E	Services	1.000

	Total	25.674

	Factors favoring for an additional value
	1.
	2.
	Add:	0.000

	Factors favoring for less value
	1. 10% less being rented out	2.567
	2.
	Less:

	Net Amount	23.106

	Say	23.100

F	Present Market Value	23.100

Cost of Construction for Insurance Purpose		4.100

------------------------------------------------------------------------------------------------------------------------------

VALUATION REPORT

Purpose of Valuation	Office Shop Space Distinctive No. SF-218, Sushant Tower, Block D, Sushant Lok – II, Sector – 56, Gurgaon, Haryana

Owner	Mr. Satpal Singh s/o Mr. Hari Singh

On behalf of	Bank of India, Janpath, New Delhi

(PART A – BASIC DATA)

I. GENERAL

Purpose of Valuation

Fair Market Value for bank credit facilities

Date of Valuation

22.12.2014

Name of the Owner [as reported] with address and phone number

Mr. Satpal Singh

s/o Mr. Hari Singh

R/o. B-82, Second Floor, Ardee City, Sector 52, Gurgaon, Haryana

Documents produced for perusal

Photocopy of Sale Deed dated 31.07.2006 Reg. No. 2467 in Book No. 1, Vol No. 1430 on Page No. 166 and additional Book No. 1, Vol No. 87 on Page No. 23 to 24 In SRO, Sohna seen and returned.

II. APARTMENT BUILDING

Nature of Apartment

Commercial

Office No. and Floor

Office Shop Space Distinctive No. SF-218

Name of Office

S.S. Enterprises

Postal Address

Office Shop Space Distinctive No. SF-218, Sushant Tower, Block D, Sushant Lok – II, Sector – 56, Gurgaon, Haryana

Location

T.S. No.

Block No.

Ward No.

Village/ Municipality/ Corporation

Door No., street or road [Pin code]

As above

Description of Property

This is commercial Office space built as GF + 7 storied. The valuation is done for Second Floor [Office] having 814 Sq. ft. super area comprising one hall partitioned by wooden sheets into 3 cabins, 8 work station and reception.

Year of Construction

2006

Residual Life of the building

55 Years

Number of Floors

GF + 7

Type of structure

RCC Frame Structure

Number of dwelling units in building

Quality of Construction

Average

Appearance of the Building

Average

Maintenance of the Building

Average

Facilities Available

Lift

Protected Water Supply

Underground Sewerage

Car Parking – Open/ Covered

Alround Compound wall existing

Pavement is laid around the building?

Any others?

Proposed	Existing
--	Yes
--	Yes
--	Yes
Nil	Open
--	Yes
--	Yes
--	Nil

Boundaries

North

South

East

West

As per deed	Actual
Not Provided	Entry and Open Down
--	Corridor and Other Property
--	Corridor
--	Office No. 219

III. DRAWING APPROVAL

Constructed as per HUDA Building by Laws.

IV. OFFICE UNDER VALUATION

The Office in which the property is situated

Second Floor

Door Number of the Office

Office Space No. 218

Specification of the Office

Roof

Flooring

Doors

Windows

Fittings

Proposed	Existing
--	RCC
--	Vitrified Tile
--	All Glass / Wooden
--	All Glass
--	Average

House Tax Assessment No.

Tax Amount

In the name of

Not Provided

Electricity service connection number Meter car is in the name of

Not Provided

How is the maintenance of the Office?

Average

Sale deed executed in the name of

Owner

What is the undivided area of land as per sale deed?

What is the covered / super area of the Office?

Approx. 814 Sq. ft. super area

What is the floor space index?

What is the carpet area of the Office?

Approx. 570 Sq. ft.

Is it Posh/ 1 Class/ Medium/ Ordinary?

Medium

Is it being used for residential or commercial?

Commercial

Is it owner occupied or tenanted?

Owner Occupied

If tenanted, what is the monthly rent?

PART B – VALUATION OF EXISTING OFFICE

Total Composite rate arrived for valuation

On verification in the area it was found that the value of this king of Office varies between Rs. 12000/- to Rs. 12500/- per Sq. ft. on super area. They are taking a rate of Rs. 12000/- per Sq. ft. considering location, building and other features including services.

PART C – VALUATION DETAILS

SR. NO.	DESCRIPTION	QUANTITY	RATE	PRESENT VALUE

1	Present value of the Office	814 Sq. ft.	12000	9.768

2	Wardrobes			0.500

3	Show cases

4	Kitchen arrangements

5	Superfine finish

6	Interior decorations

7	Electricity, water, drainage disposal etc.

8	Electrical fittings/ special fittings

9	Extra Collapsible gates/ grill works etc.

10	Separate Parking

11	Share of common amenities, if any?

	Total			10.268

	Say			10.300

Proportionate Value of Land	Rs. 9.300 Millions

Proportionate Value of Construction [For Insurance Purpose]	Rs. 1.000 Million

Factors favoring for an additional value
1. Terrace with Servant Quarters	--
2.	--

Add:	--

Factors favoring for less value
1.	--
2.	--
Present market value	--
	Rs. 10.300 Millions
Any other details	--

------------------------------------------------------------------------------------------------------------------------------

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 records 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. 62.57
UK Pound	1	Rs. 93.57
Euro	1	Rs. 65.95

INFORMATION DETAILS

Information Gathered by :	SVA

Analysis Done by :	DIV

Report Prepared by :	BVA

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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MIRA INFORM REPORT

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