MIRA INFORM REPORT

Report No. :	320939
Report Date :	11.05.2015

IDENTIFICATION DETAILS

Name :	ACG METALCRAFTS PRIVATE LIMITED [w.e.f.19.03.2012]
Formerly Known As :	NAINITAL ENGINEERS PRIVATE LIMITED
Registered Office :	1001, Dalamal House, Nariman Point, Mumbai – 400021, Maharashtra
Tel. No.:	91-22-30089444
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	14.06.2010
Com. Reg. No.:	11-204129
Capital Investment / Paid-up Capital :	Rs. 9.100 Million
CIN No.: [Company Identification No.]	U74210MH2010PTC204129
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	MUMA41744D
PAN No.: [Permanent Account No.]	AADCN6761D
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Metal Products.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

B (34)

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

Maximum Credit Limit :	USD 726000
Status :	Project under implementation
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a company incorporated on June 14, 2010, but is still in the project implementation stages. Management remained non-cooperative to part any information about the subject to us. As per the directors report the company is setting up a modern CNC Machinery facility in Maharashtra, India, with a prospective investment of approx. 47.11 crores. Moreover, as per our sound undertaking it could be a possibility that the management has continued some miniscule operations from existing facilities of the divisions which are recently merged with the subject, from which a minimal net profitability has been reported during FY2014. Secondly, the said profitability may also be accrued as a result of income from investments, which could also be feasible. However, both are prejudices inferred from our side and are given only for your references. Trade relations are improving. Business is active. Payment terms are reported as slow but correct. In view of demonstrated support from its parent, the company can be considered for business dealings with 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 – 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

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 DECLINED BY

Name :	Mr. Jayant
Designation :	Accounts Department
Contact No.:	91-8380062688
Date :	06.05.2015

LOCATIONS

Registered Office :	1001, Dalamal House, Nariman Point, Mumbai – 400021, Maharashtra, India
Tel. No.:	91-22-30089444/ 45
Fax No.:	91-22-22872560
E-Mail :	kishor.limaye@acg-world.com sales.metalcrafts@acg-world.com
Factory :	Palashi Road, Gat No. 821/B, Block-D, Shirwal, Taluka Khandala, Satara - 412801, Maharashtra, India

DIRECTORS

AS ON 24.09.2014

Name :

Mr. Jasjit Singh

Designation :

Director

Address :

2-B, Swapnalok, L.J. Marg, Nepean Sea Road, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

03.04.1943

Date of Appointment :

26.07.2010

DIN No.:

00901470

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	U29100MH1972PTC016053	ACG AJAS COMPONENTS PRIVATE LIMITED	Managing director	01-11-2012	07-10-1972	-	Active	NO
2	U24239MH1972PTC015632	ACG PAM PHARMA TECHNOLOGIES PRIVATE LIMITED	Director	02-12-1972	02-12-1972	-	Active	NO
3	U01110MH1971GAP015467	SCI-TECH CENTRE	Director	12-07-1976	12-07-1976	-	Active	NO
4	U73100MH1981ULT023930	EMELL AUDHOWAGIK SAMSHODHAN NIGAM PRIVATE LIMITED	Director	28-02-1981	28-02-1981	-	Strike off	NO
5	U74120MH1983NPL031696	AJAS AGROVET FOUNDATION	Director	29-12-1983	29-12-1983	-	Active	NO
6	U27299MH1987PTC044041	ACG PAMPAC MACHINES PRIVATE LIMITED	Director	09-07-1987	09-07-1987	-	Active	NO
7	U24235MH1988PTC048924	CUSTOM CAPSULES PRIVATE LIMITED	Director	23-09-1988	23-09-1988	-	Active	NO
8	U29251MH1996PTC104558	ACG PHARMA TECHNOLOGIES PRIVATE LIMITED	Director	17-12-1996	17-12-1996	-	Active	NO
9	U24239MH1983PTC031336	ACG ARTS AND PROPERTIES PRIVATE LIMITED	Director	01-10-1998	01-10-1998	-	Active	NO
10	U28129MH2003PTC139916	PACKSHIELD INDIA PRIVATE LIMITED	Director	07-04-2003	07-04-2003	-	Active	NO
11	U45200MH2004PTC149770	ACG PHARMAPACK PRIVATE LIMITED	Managing director	01-11-2012	01-12-2004	-	Active	NO
12	U45200MH1994PTC077466	ACG REAL ESTATE PRIVATE LIMITED	Director	11-03-2005	11-03-2005	-	Active	NO
13	U24239MH1961PTC012061	ACG ASSOCIATED CAPSULES PRIVATE LIMITED	Managing director	01-04-2005	01-04-2005	-	Active	NO
14	U72200GJ2008PTC055122	VIZTEK TECHNOLOGIES PRIVATE LIMITED	Director	26-09-2008	26-09-2008	21-07-2009	Active	NO
15	U29219MH2009PTC190634	PAM INDTECH MACHINES PRIVATE LIMITED	Director	25-03-2009	25-03-2009	-	Active	NO
16	U72300MH2009PTC192362	ACG INSPECTION SYSTEMS PRIVATE LIMITED	Director	22-06-2009	22-06-2009	-	Active	NO
17	U29268MH2009PTC196714	ACG KORSCH COMPRESSION TECHNOLOGIES PRIVATE LIMITED	Director	28-10-2009	28-10-2009	-	Strike off	NO
18	U70102MH2010PTC198368	ORIND ESTATES PRIVATE LIMITED	Director	12-04-2010	12-04-2010	-	Active	NO
19	U70109MH2010PTC199305	EVITA ESTATES PRIVATE LIMITED	Director	12-04-2010	12-04-2010	-	Active	NO
20	U51909MH2010PTC201509	ADHIKAR TRADING PRIVATE LIMITED	Director	12-05-2010	12-05-2010	-	Active	NO
21	U51909MH2010PTC202502	JEET MERCANTILE PRIVATE LIMITED	Director	14-05-2010	14-05-2010	-	Active	NO
22	U74210MH2010PTC204129	ACG METALCRAFTS PRIVATE LIMITED	Director	26-07-2010	26-07-2010	-	Active	NO
23	U91990MH2010NPL211312	W P ORGANISATION (MUMBAI CHAPTER)	Director	23-12-2010	23-12-2010	10-01-2011	Active	NO
24	AAA-1357	ACG VALUE LINKS LLP	Body corporate as Designated Partner	18-05-2010	18-05-2010	01-04-2014	Active	NO
25	AAC-5537	ACG PHARMAGENTS LLP	Designated Partner	07-08-2014	07-08-2014	-	Active	NO
26	AAC-7261	GLOBESCAN ENTERPRISES LLP	Designated Partner	17-09-2014	17-09-2014	-	Active	NO
27	AAA-1357	ACG VALUE LINKS LLP	Designated Partner	01-04-2014	01-04-2014	01-04-2014	Active	NO

Name :

Mr. Ajit Singh

Designation :

Director

Address :

A1, Brighton Building, No.1, Rungta Lane, Nepean Sea Road, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

20.11.1941

Date of Appointment :

26.07.2010

DIN No.:

00915347

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	U29100MH1972PTC016053	ACG AJAS COMPONENTS PRIVATE LIMITED	Director	17-10-2012	07-10-1972	-	Active	NO
2	U01110MH1971GAP015467	SCI-TECH CENTRE	Director	15-03-1974	15-03-1974	-	Active	NO
3	U73100MH1981ULT023930	EMELL AUDHOWAGIK SAMSHODHAN NIGAM PRIVATE LIMITED	Director	28-02-1981	28-02-1981	-	Strike off	NO
4	U24235MH1988PTC048924	CUSTOM CAPSULES PRIVATE LIMITED	Director	23-09-1988	23-09-1988	-	Active	NO
5	U24239MH1972PTC015632	ACG PAM PHARMA TECHNOLOGIES PRIVATE LIMITED	Director	17-10-2012	01-11-1988	-	Active	NO
6	U27299MH1987PTC044041	ACG PAMPAC MACHINES PRIVATE LIMITED	Director	17-10-2012	01-11-1988	-	Active	NO
7	U74120MH1983NPL031696	AJAS AGROVET FOUNDATION	Director	01-04-1994	01-04-1994	-	Active	NO
8	U29251MH1996PTC104558	ACG PHARMA TECHNOLOGIES PRIVATE LIMITED	Director	17-12-1996	17-12-1996	-	Active	NO
9	U24239MH1983PTC031336	ACG ARTS AND PROPERTIES PRIVATE LIMITED	Director	28-09-1999	28-09-1999	-	Active	NO
10	U28129MH2003PTC139916	PACKSHIELD INDIA PRIVATE LIMITED	Director	07-04-2003	07-04-2003	-	Active	NO
11	U45200MH2004PTC149770	ACG PHARMAPACK PRIVATE LIMITED	Director	17-10-2012	01-12-2004	-	Active	NO
12	U45200MH1994PTC077466	ACG REAL ESTATE PRIVATE LIMITED	Director	11-03-2005	11-03-2005	-	Active	NO
13	U24239MH1961PTC012061	ACG ASSOCIATED CAPSULES PRIVATE LIMITED	Whole-time director	01-04-2005	01-04-2005	-	Active	NO
14	U91120MH1965GAP013389	ORGANISATION OF PHARMACEUTICAL PRODUCERS OF INDIA	Director	23-09-2006	23-09-2006	31-03-2013	Active	NO
15	U72200GJ2008PTC055122	VIZTEK TECHNOLOGIES PRIVATE LIMITED	Director	26-09-2008	26-09-2008	21-07-2009	Active	NO
16	U29219MH2009PTC190634	PAM INDTECH MACHINES PRIVATE LIMITED	Director	25-03-2009	25-03-2009	-	Active	NO
17	U72300MH2009PTC192362	ACG INSPECTION SYSTEMS PRIVATE LIMITED	Director	01-11-2012	22-06-2009	-	Active	NO
18	U74999MH2008NPL185159	INTERNATIONAL WINE AND FOOD SOCIETY	Director	01-08-2009	01-08-2009	-	Active	NO
19	U29268MH2009PTC196714	ACG KORSCH COMPRESSION TECHNOLOGIES PRIVATE LIMITED	Director	28-10-2009	28-10-2009	-	Strike off	NO
20	U70102MH2010PTC198368	ORIND ESTATES PRIVATE LIMITED	Director	12-04-2010	12-04-2010	-	Active	NO
21	U70109MH2010PTC199305	EVITA ESTATES PRIVATE LIMITED	Director	12-04-2010	12-04-2010	-	Active	NO
22	U51909MH2010PTC201509	ADHIKAR TRADING PRIVATE LIMITED	Director	12-05-2010	12-05-2010	-	Active	NO
23	U51909MH2010PTC202502	JEET MERCANTILE PRIVATE LIMITED	Director	14-05-2010	14-05-2010	-	Active	NO
24	U74210MH2010PTC204129	ACG METALCRAFTS PRIVATE LIMITED	Director	26-07-2010	26-07-2010	-	Active	NO
25	U93000MH2014NPL252649	INTERNATIONAL PHARMACEUTICAL EXCIPIENTS' COUNCIL OF INDIA	Director	30-01-2014	30-01-2014	-	Active	NO
26	AAA-1357	ACG VALUE LINKS LLP	Body corporate as Designated Partner	18-05-2010	18-05-2010	01-04-2014	Active	NO
27	AAC-5537	ACG PHARMAGENTS LLP	Designated Partner	07-08-2014	07-08-2014	-	Active	NO
28	AAC-7261	GLOBESCAN ENTERPRISES LLP	Designated Partner	17-09-2014	17-09-2014	-	Active	NO
29	AAA-1357	ACG VALUE LINKS LLP	Designated Partner	01-04-2014	01-04-2014	01-04-2014	Active	NO

Name :

Mr. Jagdish Shantilal Mehta

Designation :

Whole-time director

Address :

J-179, Mohan Nagar, Datta Mandir Road, Dahanukarwadi, Kandivali, Mumbai – 400067, Maharashtra, India

Date of Birth/Age :

24.01.1955

Qualification :

B.E. Mechanical

Experience :

29 Years

Date of Appointment :

01.04.2013

DIN No.:

06528280

KEY EXECUTIVES

Name :	Mr. Jayant
Designation :	Accounts Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 24.09.2014

Names of Shareholders	No. of Shares
ACG Pam Pharma Technologies Private Limited	910000
Jeet Mercantile Private Limited	10881360
Ajit Singh jointly with Jasjit Singh	3020080
Jasjit Singh jointly with Kavita Singh	749360
Karan Singh jointly with Jasjit Singh	748000
Priya Singh jointly with Jasjit Singh	748000
Nandini Singh jointly with Jasjit Singh	761700
Adhikar Trading Private Limited	6850000
Jasjit Singh HUF	13700
Total	24682200

AS ON 24.09.2014

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	75.53
Directors or relatives of directors	24.47
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Metal Products.
Brand Names :	--
Agencies Held :	--
Exports :
Products :	Not Divulged
Countries :	Not Divulged
Imports :
Products :	Not Divulged
Countries :	Not Divulged
Terms :
Selling :	Not Divulged
Purchasing :	Not Divulged

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Not Divulged

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 A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

· The Hongkong and Shanghai Banking Corporation Limited

52/60 M. G. Road, Fort, Mumbai, Maharashtra - 400001, India

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG-TERM BORROWINGS
From Banks	424.000	424.000
Less: Current maturities of long term loan	113.067	0.000
SHORT TERM BORROWINGS
Working Capital loans from Bank repayable on demand	20.029	0.000
Total	330.962	424.000

Banking Relations :	--
Auditors :
Name :	Deepak J. Parekh Chartered Accountant
Address :	A/2, Shriji Apartments, Road No. 3 , Irani Wadi , Kandivali West, Mumbai – 400067, Maharashtra, India
Tel. No.:	91-22-28638584/ 28638576
E-Mail :	cadjparekh@gmail.com
Income-tax PAN of auditor or auditor's firm :	AAGPP4573R
Memberships :	--
Collaborators :	--
Holding Company :	ACG Pam Pharma Technologies Private Limited [U24239MH1972PTC015632]

CAPITAL STRUCTURE

AFTER 24.09.2014

Authorised Capital : Rs. 1297.000 Million

Issued, Subscribed & Paid-up Capital : Rs. 1096.822 Million

AS ON 24.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
24,700,000	Equity Shares	Rs. 10/- each	Rs. 247.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
24,682,200	Equity Shares	Rs. 10/- each	Rs. 246.822 Million

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1,000,000	Equity Shares	Rs. 10/- each	Rs. 10.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
910,000	Equity Shares	Rs. 10/- each	Rs. 9.100 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	9.100	9.100	0.100
(b) Reserves & Surplus	7.263	(0.246)	(0.011)
(c) Money received against share warrants	0.000	0.000	0.000
(d) Share Capital Suspense	237.722	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	254.085	8.854	0.089
(3) Non-Current Liabilities
(a) Long-term borrowings	551.933	454.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	8.104	0.000	0.000
Total Non-current Liabilities (3)	560.037	454.000	0.000
(4) Current Liabilities
(a) Short term borrowings	20.029	0.000	0.000
(b) Trade payables	118.009	45.538	0.000
(c) Other current liabilities	0.000	0.000	0.002
(d) Short-term provisions	211.162	14.425	0.000
Total Current Liabilities (4)	349.200	59.963	0.002
TOTAL	1163.322	522.817	0.091
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	100.952	1.132	0.000
(ii) Intangible Assets	27.675	0.000	0.000
(iii) Capital work-in-progress	815.591	105.421	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)	6.833	0.100	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.193	0.193	0.018
Total Non-Current Assets	951.244	106.846	0.018
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	23.458	0.000	0.000
(c) Trade receivables	61.536	0.000	0.000
(d) Cash and cash equivalents	36.087	340.687	0.073
(e) Short-term loans and advances	90.997	75.284	0.000
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	212.078	415.971	0.073
TOTAL	1163.322	522.817	0.091

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		TOTAL	NA	0.000	0.000
Less	EXPENSES
		TOTAL	NA	0.388	0.009
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		(Including Depreciation Expenses)	(0.388)	(0.009)
Less/ Add	DEPRECIATION/ AMORTISATION			0.053	0.000
	PROFIT/ (LOSS) BEFORE TAX		1.344	(0.335)	(0.009)
Less	TAX		3.427	(0.100)	0.000
	PROFIT/ (LOSS) AFTER TAX		(2.083)	(0.235)	(0.009)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(0.246)	(0.011)	(0.002)
	BALANCE CARRIED TO THE B/S		(2.329)	(0.246)	(0.011)
	Earnings/ (Loss) Per Share (Rs.)		(2.29)	(0.26)	(0.90)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	0.39	(0.08)	(9.89)
Return on Investment (ROI) (PBT/Networth)		0.01	(0.04)	(0.10)
Debt Equity Ratio (Total Debt/Networth)		2.25	51.28	0.00
Current Ratio (Current Asset/Current Liability)		0.61	6.94	36.50

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particulars	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	0.100	9.100	9.100
Reserves & Surplus	(0.011)	(0.246)	7.263
Share Capital Suspense	0.000	0.000	237.722
Net worth	0.089	8.854	254.085
Long-term borrowings	0.000	454.000	551.933
Short term borrowings	0.000	0.000	20.029
Total borrowings	0.000	454.000	571.962
Debt/Equity ratio	0.000	51.276	2.251

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	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last two 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	No

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10505320	13/06/2014	448,000,000.00	THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED	52/60 M. G. ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	C08764144

UNSECURED LOANS

PARTICULARS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG-TERM BORROWINGS
Loans from related parties	241.000	30.000
Total	241.000	30.000

FIXED ASSETS:

· Land

· Buildings

· Plant and Equipment

· Furniture and Fixture

· Vehicles

· Office Equipment

· Computers

· Goodwill

· Software

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. 64.05
UK Pound	1	Rs. 99.04
Euro	1	Rs. 71.76

INFORMATION DETAILS

Information Gathered by :	KMN
Analysis Done by :	SUB
Report Prepared by :	BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILITY	1~10	1
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	3
--RESERVES	1~10	4
--CREDIT LINES	1~10	5
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		34

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.