MIRA INFORM REPORT

Report No. :	314350
Report Date :	26.03.2015

IDENTIFICATION DETAILS

Name :	MOHAN MOTOR UDYOG PRIVATE LIMITED (w.e.f.28.01.2011)
Formerly Known As :	MOHANLAL SANDIP KUMAR PRIVATE LIMITED MSP VANIJYA PRIVATE LIMITED
Registered Office :	226/1 AJC Bose Road, Kolkata-700020, West Bengal
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	31.10.1986
Com. Reg. No.:	21-041458
Capital Investment / Paid-up Capital :	Rs. 53.045 Million
CIN No.: [Company Identification No.]	U50300WB1986PTC041458
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in mainly in the Business of Motor Car dealership in the domestic market
No. of Employees :	Not Available

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 340000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. External borrowing of the company seems to be huge during 2014. However, trade relation are fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for business dealings with some cautions.

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	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	CRISIL
Rating	Long term rating “B+” (Suspended)
Rating Explanation	Have high risk of default
Date	07.12.2014

Reason of suspension : The suspension of ratings is on account of non-cooperative by company with CRISIL’s efforts to undertake a review of the ratings outstanding

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.

LOCATIONS

Registered Office :	226/1 AJC Bose Road, Kolkata-700020, West Bengal, India
Tel. No.:	91-33-22833601
Fax No.:	Not Available
E-Mail :	mmu@mohanmotors.com

DIRECTORS

As on 30.09.2014

Name :

Mr. Sandip Kumar Bajaj

Designation :

Director

Address :

31/41, Binova Bhabe Road, Kolkata, 700038, West Bengal, India

Date of Birth/Age :

28.05.1964

Date of Appointment :

01.01.1997

DIN No.:

00126979

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	U51909WB1993PTC059849	GREENLAND TRADING PVT LTD	Director	23/08/1993	23/08/1993	07/03/2008	Active	NO
2	L65921WB1993PLC060697	MOHAN FINANCE LTD	Director	01/11/1993	01/11/1993	10/02/2014	Active	NO
3	U50300WB1986PTC041458	MOHAN MOTOR UDYOG PRIVATE LIMITED	Director	01/01/1997	01/01/1997	-	Active	NO
4	U70101WB1999PTC090145	SUYOG NIRMAN PRIVATE LIMITED	Director	12/04/2004	12/04/2004	-	Active	NO
5	U51909WB2005PTC103588	PREMIER VANIJYA PRIVATE LIMITED	Director	07/06/2005	07/06/2005	06/04/2007	Active	NO
6	U74140WB2005PTC103722	MOHAN INSURANCE & FINANCIAL CONSULTANCY PRIVATE LIMITED	Director	14/06/2005	14/06/2005	-	Active	NO
7	U51109WB2005PTC103939	SWARAJ VANIJYA PRIVATE LIMITED	Director	28/06/2005	28/06/2005	05/04/2009	Active	NO
8	U51109WB2005PTC103938	ESTEEM VANIJYA PRIVATE LIMITED	Director	28/06/2005	28/06/2005	04/06/2009	Active	NO
9	U51900WB2006PTC108244	TRINITY VANIJYA PVT LTD	Director	23/02/2006	23/02/2006	10/04/2007	Active	NO
10	U51109WB2006PTC108247	PROGRESSIVE VANIJYA PRIVATE LIMITED	Director	10/09/2011	23/02/2006	-	Active	NO
11	U51109WB2006PTC110086	MARUTI VANIJYA PRIVATE LIMITED	Director	21/06/2006	21/06/2006	26/06/2014	Active	NO
12	U51109WB2006PTC110089	EVERGREEN VANIJYA PRIVATE LIMITED	Director	21/06/2006	21/06/2006	-	Active	NO
13	U45400WB2007PTC115140	IMPERIAL NIRMAN PRIVATE LIMITED	Director	12/04/2007	12/04/2007	25/06/2014	Active	NO
14	U45400WB2007PTC115234	UNION REALTORS PRIVATE LIMITED	Director	18/04/2007	18/04/2007	01/12/2012	Active	NO
15	U45400WB2007PTC115236	NAVANIRMAN SHELTERS PRIVATE LIMITED	Director	18/04/2007	18/04/2007	-	Active	NO
16	U70101WB2007PTC117766	MOHAN NIRMAN PRIVATE LIMITED	Director	09/08/2007	09/08/2007	-	Active	NO
17	U70109WB2008PTC124981	SUNRISE CONCLAVE PRIVATE LIMITED	Director	16/04/2008	16/04/2008	20/02/2009	Active	NO
18	U70109WB2008PTC124998	CRESCENT ENCLAVE PRIVATE LIMITED	Director	10/02/2011	16/04/2008	25/06/2014	Active	NO
19	U74140WB2000PTC092020	BIHARIJI CONSULTANCY PRIVATE LIMITED	Director	20/09/2008	20/09/2008	10/04/2010	Active	NO
20	U17111WB2000PTC091313	GANGES VIEW VANIJYA PRIVATE LIMITED	Director	20/09/2008	20/09/2008	-	Active	NO
21	U51909WB1995PTC075151	DELIGHT VANIJYA PVT LTD	Director	20/09/2008	20/09/2008	-	Active	NO
22	U50102WB2009PTC134548	MOHAN MOTOR DISTRIBUTORS PRIVATE LIMITED	Director	01/08/2010	13/04/2009	-	Active	NO
23	U51909WB2007PTC115457	APOLLO VYAPAAR PRIVATE LIMITED	Additional director	27/05/2009	27/05/2009	-	Active	NO
24	U51909WB2007PTC115455	LAGOON VANIJYA PRIVATE LIMITED	Additional director	27/05/2009	27/05/2009	10/09/2011	Active	NO
25	U70109WB2008PTC124994	VEDIC COMPLEX PRIVATE LIMITED	Additional director	08/06/2009	08/06/2009	25/06/2014	Active	NO
26	U70109WB2008PTC124980	ORCHID SHELTORS PRIVATE LIMITED	Additional director	09/06/2009	09/06/2009	25/06/2014	Active	NO
27	U51909WB2007PTC115453	UNITED VYAPAAR PRIVATE LIMITED	Additional director	10/06/2009	10/06/2009	17/05/2011	Active	NO
28	U70109WB2009PTC138235	DECORATIVE CONCLAVE PRIVATE LIMITED	Director	04/09/2009	04/09/2009	-	Active	NO
29	U50103WB2010PTC142981	MOHAN GLOBAL BUSINESS PRIVATE LIMITED	Director	05/03/2010	05/03/2010	27/01/2014	Active	NO
30	U51109WB2005PTC103587	BRIJDHAM VANIJYA PRIVATE LIMITED	Director	16/08/2010	16/08/2010	11/09/2011	Active	NO
31	U51909WB1996PTC077001	PRESTIGE VANIJYA PVT LTD	Director	08/04/2011	08/04/2011	-	Active	NO
32	U51109WB2006PTC110345	NATURAL VANIJYA PRIVATE LIMITED	Director	01/10/2011	01/10/2011	24/06/2014	Active	NO
33	U51109WB2007PTC116081	SUNGLOW VYAPAAR PRIVATE LIMITED	Director	05/11/2011	05/11/2011	-	Active	NO
34	U70200WB2009PTC138188	WESTERN ENCLAVE PRIVATE LIMITED	Director	19/12/2011	19/12/2011	-	Active	NO
35	U51909WB2006PTC107790	SVS VANIJYA PVT LTD	Director	22/05/2012	22/05/2012	-	Active	NO
36	U50103WB2011PTC167589	MOHAN MOTOR SALES PRIVATE LIMITED	Director	16/12/2013	31/05/2012	-	Active	NO
37	U50100WB2011PTC163829	MOHAN ADVERTISING PRIVATE LIMITED	Director	15/12/2012	15/12/2012	-	Active	NO
38	U74999WB1993PTC057972	KALPATARU VANIJYA PVT.LTD.	Director	15/01/2014	15/01/2014	-	Active	NO
39	U50102WB2014PTC200158	MOHAN MOTOR TRADERS PRIVATE LIMITED	Director	12/02/2014	12/02/2014	-	Active	NO

Name :

Mr. Gaurav Bajaj

Designation :

Director

Address :

4 PB Mani Tower, 31/41, Bhinova Bhave Road, Po-New Alipore, Kolkata, 700038, West Bengal, India

Date of Birth/Age :

02.05.1991

Date of Appointment :

01.08.2010

DIN No.:

02676350

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	U50102WB2009PTC134548	MOHAN MOTOR DISTRIBUTORS PRIVATE LIMITED	Director	10/06/2010	04/06/2009	-	Active	NO
2	U50300WB1986PTC041458	MOHAN MOTOR UDYOG PRIVATE LIMITED	Director	01/08/2010	01/08/2010	-	Active	NO
3	U70109WB2008PTC124998	CRESCENT ENCLAVE PRIVATE LIMITED	Director	10/02/2011	16/08/2010	25/06/2014	Active	NO
4	U51109WB2005PTC103587	BRIJDHAM VANIJYA PRIVATE LIMITED	Director	16/08/2010	16/08/2010	11/09/2011	Active	NO
5	U45400WB2007PTC115140	IMPERIAL NIRMAN PRIVATE LIMITED	Director	16/08/2010	16/08/2010	25/06/2014	Active	NO
6	U70109WB2008PTC124980	ORCHID SHELTORS PRIVATE LIMITED	Director	16/08/2010	16/08/2010	25/06/2014	Active	NO
7	U51909WB2007PTC115455	LAGOON VANIJYA PRIVATE LIMITED	Director	16/08/2010	16/08/2010	10/09/2011	Active	NO
8	U70109WB2008PTC124994	VEDIC COMPLEX PRIVATE LIMITED	Director	16/08/2010	16/08/2010	25/06/2014	Active	NO
9	U50100WB2011PTC163829	MOHAN ADVERTISING PRIVATE LIMITED	Director	16/06/2011	16/06/2011	15/12/2012	Active	NO
10	U51109WB2006PTC108247	PROGRESSIVE VANIJYA PRIVATE LIMITED	Director	10/09/2011	10/09/2011	-	Active	NO
11	U70101WB1996PTC079596	COSMIC ABASAN PVT LTD	Director	24/09/2011	24/09/2011	-	Active	NO
12	U70101WB1999PTC090145	SUYOG NIRMAN PRIVATE LIMITED	Director	24/09/2011	24/09/2011	-	Active	NO
13	U74140WB2005PTC103722	MOHAN INSURANCE & FINANCIAL CONSULTANCY PRIVATE LIMITED	Director	01/10/2011	01/10/2011	-	Active	NO
14	U51909WB2007PTC115454	GALAXY VANIJYA PRIVATE LIMITED	Director	05/11/2011	05/11/2011	01/04/2013	Active	NO
15	U51109WB2007PTC116081	SUNGLOW VYAPAAR PRIVATE LIMITED	Director	05/11/2011	05/11/2011	-	Active	NO
16	U50103WB2011PTC167589	MOHAN MOTOR SALES PRIVATE LIMITED	Director	16/12/2013	19/12/2011	-	Active	NO
17	U51909WB2007PTC115457	APOLLO VYAPAAR PRIVATE LIMITED	Director	19/12/2011	19/12/2011	-	Active	NO
18	U01403WB2013PTC198760	NUTRI AGROPEDIA PRIVATE LIMITED	Director	03/12/2013	03/12/2013	15/01/2014	Active	NO
19	U50102WB2014PTC200158	MOHAN MOTOR TRADERS PRIVATE LIMITED	Director	12/02/2014	12/02/2014	-	Active	NO
20	U50102WB2015PTC205343	MOHAN MOTOR SERVICES PRIVATE LIMITED	Director	19/02/2015	19/02/2015	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares
Sandip Kumar Bajaj	76000
Prity Bajaj	2000
Lagoon Vanijya Private Limited	800600
Maruti Vanijya Private Limited	951300
Orchid Sheltors Private Limited	950800
Imperial Nirman Private Limited	537300
Vedic Complex Private Limited	972600
Crescent Enclave Private Limited	1013900
Total	5304500

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	98.47
Directors or relatives of Directors	1.53
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in mainly in the Business of Motor Car dealership in the domestic market

Products :

Item Code No. (ITC Code)	Product Description
87032291	Motor Car Distributor

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Not Available

Terms :

Selling :

Not Available

Purchasing :

Not Available

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Not Available

Bankers :

• State Bank of India, SME Branch, Ballygunge 50A, Gariahat Road, 5th Floor, Kolkata- 700019, West Bengal, India

• HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel West, MUMBAI-400013, Maharashtra, India

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
Long Term Borrowing
Rupee term loans from banks	49.604	57.521
Term loans from others	48.331	15.266
Loans repayable on demand	0.000	144.574
Short Term Borrowing
Working capital loans from banks	304.731	395.336
Loans and advances from related parties	99.037	0.000
Loans repayable on demand from others	0.000	175.629
Total	501.703	788.326

Auditors :
Name :	Khandelwal Prajapati and Company Chartered Accountant
Address :	Saha Court, 8 Ganesh Chandra Avenue, 5^th Floor Room No 33 ,Kolkata – 700013, West Bengal, India
PAN No.:	AGMPK5776H
Memberships :	Not Available
Collaborators :	Not Available
Associates :	Apollo Vyapaar Private Limited CIN No.: U51909WB2007PTC115457 Cosmic Abasan Private Limited CIN No.: U70101WB1996PTC079596 Decorative Conclave Private Limited CIN No.: U70109WB2009PTC138235 Delight Vanijya Private Limited CIN No.: U51909WB1995PTC075151 Galaxy Vanijya Private Limited CIN No.: U51909WB2007PTC115454 Kalpataru Vanijya Private Limited CIN No.: U74999WB1993PTC057972 Mohan Motor Sales Private Limited CIN No.: U50103WB2011PTC167589 Mohan Motor Distributors Private Limited CIN No.: U50102WB2009PTC134548 Mohan Finance Limited CIN No.: L65921WB1993PLC060697 Mohan Global Business Private Limited CIN No.: U50103WB2010PTC142981 Mohan Nirman Private Limited CIN No.: U70101WB2007PTC117766 Sunglow Vyapaar Private Limited CIN No.: U51109WB2007PTC116081 Suyog Nirman Private Limited CIN No.: U70101WB1999PTC090145

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
7,150,000	Equity Shares	Rs.10/- each	Rs.71.500 million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
5,304,500	Equity Shares	Rs.10/- each	Rs.53.045 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	53.045	53.045	53.045
(b) Reserves & Surplus	55.843	53.908	46.877
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	10.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	118.888	106.953	99.922
(3) Non-Current Liabilities
(a) long-term borrowings	165.923	217.361	63.640
(b) Deferred tax liabilities (Net)	0.000	0.329	0.280
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	165.923	217.690	63.920
(4) Current Liabilities
(a) Short term borrowings	435.378	570.965	380.809
(b) Trade payables	5.783	12.345	8.555
(c) Other current liabilities	98.054	84.617	54.363
(d) Short-term provisions	7.894	7.358	9.075
Total Current Liabilities (4)	547.109	675.285	452.802
TOTAL	831.920	999.928	616.644
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	186.107	189.120	84.629
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	4.954	1.162	79.901
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	1.111	1.111	1.111
(c) Deferred tax assets (net)	0.045	0.000	0.000
(d) Long-term Loan and Advances	119.627	101.247	0.000
(e) Other Non-current assets	0.020	7.276	0.637
Total Non-Current Assets	311.864	299.916	166.278
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	214.109	306.989	133.024
(c) Trade receivables	200.971	253.602	132.434
(d) Cash and cash equivalents	7.422	72.076	43.402
(e) Short-term loans and advances	97.533	67.324	141.485
(f) Other current assets	0.021	0.021	0.021
Total Current Assets	520.056	700.012	450.366
TOTAL	831.920	999.928	616.644

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	TURNOVER	NA	2935.400	2314.700
Less	EXPENSES	NA	NA	NA
	PROFIT/ (LOSS) BEFORE TAX	2.406	10.260	9.232
Less	TAX (I)	0.471	3.229	2.866
	PROFIT/ (LOSS) AFTER TAX	1.935	7.031	6.366
	Earnings / (Loss) Per Share (Rs.)	0.36	1.33	1.20

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	NA	0.24	0.28
Return on Total Assets (PBT/Total Assets}	(%)	0.29	1.03	1.72
Return on Investment (ROI) (PBT/Networth)		0.02	0.10	0.09
Debt Equity Ratio (Total Debt /Networth)		5.06	7.37	4.45
Current Ratio (Current Asset/Current Liability)

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	53.045	53.045	53.045
Reserves & Surplus	46.877	53.908	55.843
Share Application money pending allotment	0.000	0.000	10.000
Net worth	99.922	106.953	118.888
long-term borrowings	63.640	217.361	165.923
Short term borrowings	380.809	570.965	435.378
Total borrowings	444.449	788.326	601.301
Debt/Equity ratio	4.448	7.371	5.058

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	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	----------------------
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
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	Yes
25]	Conduct of the banking account	----------------------
26]	Buyer visit details	----------------------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

(Rs. In Million)

UNSECURED LOAN	As on 31.03.2014	As on 31.03.2013
Long Term Borrowing
Loans repayable on demand	67.988	0.000
Short Term Borrowing
Loans and advances from others	31.610	0.000
Total	99.598	0.000

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10542683	30/10/2014	391,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA	C40124554
2	10542693	30/10/2014	409,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA	C40170359
3	10542696	30/10/2014	412,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA	C40171449
4	10542963	30/10/2014	428,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA	C40130338
5	10542679	30/10/2014	430,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA	C40117590
6	10542684	30/10/2014	451,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA	C40144834
7	10542689	30/10/2014	459,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA	C40169146
8	10542690	30/10/2014	462,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA	C40169260
9	10542680	30/10/2014	466,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA	C40118002
10	10542682	30/10/2014	466,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA	C40122772

* Date of charge modification

FIXED ASSETS

• Land
• Buildings
• Plant and equipment
• Furniture and fixtures
• Vehicles
• Office equipment
• Computer equipments

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

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

3] Asset Declaration :

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

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

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

Charges or investigation registered against subject: None

7] Criminal Records

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

8] Affiliation with Government :

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

9] Compensation Package :

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

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

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

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

CONTRAVENTION

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.34
UK Pound	1	Rs.92.64
Euro	1	Rs.68.12

INFORMATION DETAILS

Analysis Done by :	RSM
Report Prepared by :	JYTK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	2
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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		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	--

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.