MIRA INFORM REPORT

Report No. :	322657
Report Date :	18.05.2015

IDENTIFICATION DETAILS

Name :	HAL OFFSHORE LIMITED
Registered Office :	25, Bazar Lane, Bengali Market, New Delhi – 110001
Tel. No.:	91-22-42369200
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	17.12.1996
Com. Reg. No.:	55-083879
Capital Investment / Paid-up Capital :	Rs.105.937 Million
CIN No.: [Company Identification No.]	U24298DL1996PLC083879
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	DELH02402B
PAN No.: [Permanent Account No.]	AAACH3144B
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Service provider of shipping services, shipping forwarding agents international shipping forwarder, international shipping agent, shipping agency.
No. of Employees :	500 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (49)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 2900000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. The company has reported a better increase in its turnover and profitability during year under review. The company has good amount of reserves and fair liquidity position during FY2014. Trade relations reported to be fair. Business is active. Payments are reported to be usually correct. In the view of experienced management, subject can be considered for business dealings at usual trade terms and conditions.

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
India	A1	A1

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

EXTERNAL AGENCY RATING

Not Available

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

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

INFORMATION PARTED BY (GENERAL DETAILS)

Name :	Not Divulged
Designation :	Not Divulged
Contact No.:	91-11-43585000
Date :	15.05.2015

LOCATIONS

Registered Office :	25, Bazar Lane, Bengali Market, New Delhi – 110001, India
Tel. No.:	91-11-43585000
Fax No.:	91-11-43585015
E-Mail :	info@haloffshore.com
Website :	www.haloffshore.com
Location :	Owned
Locality :	Commercial
Corporate Office :	32 Corporate Avenue, 4^th Floor, B Wing, Near Paper Box Industry, Off Mahakali Caves, Andheri (East), Mumbai – 400093, Maharashtra, India
Tel. No.:	91-22-42369200 / 43585000

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Vijay Kumar Gupta

Designation :

Director

Address :

162-B, Pocket C, Sidharth Extension, New Delhi - 110014, India

Date of Birth/Age :

01.02.1948

Date of Appointment :

31.05.2014

DIN No.:

00022885

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	U74899DL1988PTC033374	MMB SALES INDIA PRIVATE LIMITED	Director	26/11/1990	26/11/1990	-	Active	NO
2	U26933GJ1994PTC021701	VOGUE CERAMICS GUJARAT PRIVATE LIMITED	Director	23/05/1996	23/05/1996	29/10/2012	Active	NO
3	U73100DL1999PTC102858	SYNAPSE COMMUNICATIONS PRIVATE LIMITED	Director	17/12/1999	17/12/1999	-	Active	NO
4	U63040DL1999PTC101934	OneGlobe Travels India Private Limited	Director	22/07/2002	22/07/2002	-	Active	NO
5	U74899DL1998PTC096736	SUNSTAR PROPERTIES AND IMPEX PRIVATE LIMITED	Director	11/08/2002	11/08/2002	06/04/2012	Active	NO
6	U67120MH1992PTC068556	FRAGRANCE INVESTMENTS PRIVATE LIMITED	Director	10/12/2002	10/12/2002	15/03/2011	Active	NO
7	U74899DL1991PTC044245	UNIGLOBE Mod Travels Private Limited	Director	31/05/2004	31/05/2004	06/04/2015	Active	NO
8	U51109DL1997PTC089230	A' LA MODE GARMENTS PRIVATE LIMITED	Director	08/12/2004	08/12/2004	22/09/2011	Active	NO
9	U74899DL1994PTC063466	ARRAY EXPORTS AND INVESTMENTS PRIVATE LIMITED	Director	10/12/2004	10/12/2004	08/09/2011	Active	NO
10	U65993DL1981PLC012512	SUPERIOR INVESTMENT (INDIA) LIMITED	Nominee director	06/03/2007	06/03/2007	-	Active	NO
11	U74899DL1983PTC017023	LOMBARD STREET (ESTATES) PRIVATE LIMITED	Director	01/09/2010	01/09/2010	24/02/2012	Active	NO
12	U72200DL1999PTC101478	SAN MARZANO INDIA PRIVATE LIMITED	Director	01/09/2010	01/09/2010	24/02/2012	Active	NO
13	U80211DL1997PTC084659	MODI EDUTECH PRIVATE LIMITED	Director	30/09/2011	15/03/2011	-	Active	NO
14	U63000DL2012PTC234519	MGlobe International Private Limited	Director	19/04/2012	19/04/2012	-	Active	NO
15	U15532DL2012PTC239778	Vinura Beverages Private Limited	Director	03/08/2012	03/08/2012	-	Active	NO
16	U74899DL2000PLC105154	INDUS NETLINK LIMITED	Director	30/09/2014	01/03/2014	31/10/2014	Active	NO
17	U24298DL1996PLC083879	HAL OFFSHORE LIMITED	Director	31/05/2014	31/05/2014	-	Active	NO
18	L15142DL1991PLC046469	SUPERIOR INDUSTRIAL ENTERPRISES LIMITED	Additional director	06/11/2014	06/11/2014	-	Active	NO

Name :

Mr. Shiam Sunder Singhal

Designation :

Additional Director

Address :

1/6135, Devnagar, Karol Bagh, Delhi - 110005, India

Date of Appointment :

21.03.2015

DIN No.:

00280906

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	L65990DL1993PLC053896	SFS INFINITE LIMITED	Managing director	01/09/2009	21/05/1994	-	Active	NO
2	U74300DL1993PTC053846	SINGHMAN CINE AD PRIVATE LIMITED	Director	14/01/2002	14/01/2002	-	Active	NO
3	U74899DL1985PTC021191	Siel Infrastructure & Estate Developers Private Limited	Director	20/09/2006	20/09/2006	19/12/2012	Dormant under section 455	NO
4	U21023DL2013PTC247460	SINGHAL PRINTERS & PACKERS PRIVATE LIMITED	Director	18/01/2013	18/01/2013	-	Active	NO
5	U93000DL2013PLC253769	GLOBAL JURIS LIMITED	Director	10/06/2013	10/06/2013	-	Active	NO
6	U00000DL2000PLC104196	RPL CAPITAL FINANCE LIMITED	Additional director	22/01/2015	22/01/2015	-	Active	NO
7	U24298DL1996PLC083879	HAL OFFSHORE LIMITED	Additional director	21/03/2015	21/03/2015	-	Active	NO

Name :

Mr. Prince Goyal

Designation :

Director

Address :

A-48, Chander Nagar, Sahibabad, Ghaziabad – 201011, Uttar Pradesh, India

Date of Birth/Age :

24.09.1984

Date of Appointment :

30.09.2014

DIN No.:

00954215

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	U74899DL1993PTC054813	PLATINUM AGENCIES PRIVATE LIMITED	Director	01/04/2005	01/04/2005	-	Dormant	NO
2	U67120DL2000PTC108182	PIGEON EXPORTS INTERNATIONAL PRIVATE LIMITED	Director	04/07/2006	04/07/2006	05/02/2015	Active	NO
3	L65929DL1985PLC019972	SAPTRISHI FINANCE LIMITED	Director	01/09/2007	01/09/2007	-	Active	NO
4	U65190DL2008PTC179510	Signature Holdings Private Limited	Additional director	16/11/2009	16/11/2009	-	Amalgamated	NO
5	U15549DL2000PTC104845	STARS SOFT DRINKS PRIVATE LIMITED	Director	01/07/2010	01/07/2010	-	Active	NO
6	L51503DL1986PLC024329	FORTUNE INDUSTRIAL RESOURCES LIMITED	Managing director	30/09/2014	01/05/2012	-	Active	NO
7	U25199DL1996PTC083786	MOULDCRAFT (INDIA) Private Limited	Director	30/09/2013	03/05/2012	10/03/2014	Active	NO
8	U70200DL2009PTC187729	Victory Infracon Private Limited	Director	01/10/2012	01/10/2012	16/09/2013	Active	NO
9	U70100DL2009PTC190026	Maksad Buildcon Private Limited	Director	31/10/2012	31/10/2012	-	Active	NO
10	U74899DL2000PLC105154	INDUS NETLINK LIMITED	Director	05/12/2012	05/12/2012	-	Active	NO
11	U27107JH2005PTC002165	RANCHI METAL AND ISPAT PRIVATE LIMITED	Director	05/12/2012	05/12/2012	14/02/2013	Active	NO
12	U70200DL1994PTC058543	INDIAN DUROBUILD PRIVATE LIMITED	Director	05/12/2012	05/12/2012	25/06/2014	Active	NO
13	U70101DL1994PTC059312	INDIAN PROBUILD PRIVATE LIMITED	Director	05/12/2012	05/12/2012	25/06/2014	Active	NO
14	U45200DL2008PTC183250	Focus Infracon Private Limited	Director	01/07/2013	01/07/2013	25/07/2014	Active	NO
15	U74899DL1993PLC052147	RPG SECURITIES AND FINANCIAL SERVICES LIMITED	Director	30/09/2013	15/07/2013	25/06/2014	Active	NO
16	U74140WB1993PTC057958	RINKPI FINANCE & CONSULTANTS PVT LTD	Additional director	22/01/2014	22/01/2014	25/07/2014	Active	NO
17	U24298DL1996PLC083879	HAL OFFSHORE LIMITED	Director	30/09/2014	10/03/2014	-	Active	NO
18	U70101DL2005PTC140882	ESPL REALTORS PRIVATE LIMITED	Director	30/09/2014	29/03/2014	-	Active	NO
19	U74899DL2005PTC142412	EMCO APPRELS OVERSEAS PVT LTD	Additional director	29/03/2014	29/03/2014	25/07/2014	Active	NO
20	U74899DL2001PTC109786	GCB OVERSEAS PRIVATE LIMITED	Director	30/09/2014	25/06/2014	-	Active	NO
21	U74899DL1993PTC054171	SHANTNU FARMS PRIVATE LIMITED	Director	30/09/2014	25/06/2014	-	Active	NO
22	U45201DL2005PTC139092	SHRAMIKA BUILDCON PRIVATE LIMITED	Director	30/09/2014	25/06/2014	-	Active	NO
23	U70101DL1996PTC079321	LUMAX BUILDERS PRIVATE LIMITED	Director	30/09/2014	25/06/2014	-	Active	NO
24	U65929DL1986PLC025956	HINDUSTAN AQUA LIMITED	Director	30/09/2014	28/06/2014	-	Active	NO
25	U25200DL2014PTC273049	Babari Polypet Private Limited	Director	11/11/2014	11/11/2014	-	Active	NO

Name :

Mr. Vineet Saran Agrawal

Designation :

Additional Director

Address :

Rustomjee Elanza, A-2101, Off Link Road, Near, Inorbit Mall, Malad West, Mumbai - 400064, Maharashtra, India

Date of Appointment :

30.10.2014

DIN No.:

06993827

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	U24298DL1996PLC083879	HAL OFFSHORE LIMITED	Additional director	30/10/2014	30/10/2014	-	Active	NO
2	U24110MH1992PTC065089	AAREY ORGANIC INDUSTRIES PVT.LTD.	Additional director	27/02/2015	27/02/2015	-	Active	NO

Name :

Mr. Kamal Narayan Rathi

Designation :

Additional Director

Address :

96, Ground Floor, New Bhiwandi House, A K Marg, Kemps Corner, Mumbai - 400036, Maharashtra, India

Date of Appointment :

30.10.2014

DIN No.:

06994787

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	U24298DL1996PLC083879	HAL OFFSHORE LIMITED	Additional director	30/10/2014	30/10/2014	-	Active	NO
2	U24110MH1992PTC065089	AAREY ORGANIC INDUSTRIES PVT.LTD.	Additional director	27/02/2015	27/02/2015	-	Active	NO

Name :

Mr. Naveen Mohta

Designation :

Additional Director

Address :

C/604, Anmol, Off S. V. Road, Goregaon (West), Mumbai - 400062, Maharashtra, India

Date of Appointment :

30.10.2014

DIN No.:

07027180

MAJOR SHAREHOLDERS

AS ON 30.09.2014

Names of Shareholders	No. of Shares
Deepti Agrawal	396000
Sanjeev Agrawal	2430840
Fortune Industrial Resources Limited	192000
Saptrishi Finance Limited	768000
Metbrass Plasim India Limited	760780
Sanjeev Agrawal HUF	2417400
S E Finvest Private Limited	340000
Empire Fincap Private Limited	252260
Competent Indoways Private Limited	37500
Prince IT Solutions Private Limited	107500
Passion IT Solutions Private Limited	117500
RPL Capital Finance Limited	744120
Anant Agarwal	798000
Moon Beverages Limited	16000
Indian Probuild Private Limited	735800
GCB Overseas Private Limited	280000
Total	10393700

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Bodies corporate	42.96
Directors or relatives of Directors	57.04
Total	100.00

BUSINESS DETAILS

Line of Business :	Service provider of shipping services, shipping forwarding agents international shipping forwarder, international shipping agent, shipping agency.
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Cash, Advance Payment, Cheque
Purchasing :	Cash, Advance Payment, Cheque

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

500 (Approximately)

Bankers :

Banker Name :	Punjab National Bank
Branch :	Alipur Road, Civil Lines, Delhi – 110054, India
Person Name :	Not Divulged
Contact Number :	Not Divulged
Name of Account Holder :	Not Divulged
Account Number :	Not Divulged
Account Since (Date/Year of Account Opening) :	Not Divulged
Average Balance Maintained :	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan) :	Not Divulged
Account Operation :	Not Divulged
Remark :	Not Divulged

· Oriental Bank of Commerce, M-1/2/3, M-Block, Connaught Place, New Delhi – 110001, Delhi, India

Facilities :

SECURED LOANS	31.03.2014 Rs. In Million	31.03.2013 Rs. In Million
Long Term Borrowings
Term loans from banks	0.357	160.674
Short Term Borrowings
Term loans from banks	634.862	709.174
Total	635.219	869.848

Auditors :
Name :	Kamal and Company Chartered Accountants
Address :	1372 Kashmere Gate, Delhi, India
PAN No.:	AAAPG3907C
Collaborators :	Not Divulged
Membership :	Not Divulged
Associates/Subsidiaries :	--

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
15000000	Equity Shares	Rs.10/- each	Rs.150.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10593700	Equity Shares	Rs.10/- each	Rs.105.937 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	105.937	105.937	105.937
(b) Reserves & Surplus	896.616	818.056	751.156
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	1002.553	923.993	857.093
(3) Non-Current Liabilities
(a) long-term borrowings	0.357	160.674	469.525
(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	0.000	0.000	0.000
Total Non-current Liabilities (3)	0.357	160.674	469.525
(4) Current Liabilities
(a) Short term borrowings	634.862	709.174	744.097
(b) Trade payables	677.729	565.799	342.876
(c) Other current liabilities	104.082	156.314	44.058
(d) Short-term provisions	94.250	66.000	31.500
Total Current Liabilities (4)	1510.923	1497.287	1162.531
TOTAL	2513.833	2581.954	2489.149
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	587.506	722.657	787.741
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	134.481	133.381	88.470
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	7.588	7.396	204.767
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	729.575	863.434	1080.978
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	497.276	529.661	351.675
(d) Cash and cash equivalents	538.814	492.074	388.396
(e) Short-term loans and advances	500.447	552.488	577.401
(f) Other current assets	247.721	144.297	90.699
Total Current Assets	1784.258	1718.520	1408.171
TOTAL	2513.833	2581.954	2489.149

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	3371.851	3319.504	1904.002
		Other Income	55.271	24.355	68.375
		TOTAL (A)	3427.122	3343.859	1972.377
Less	EXPENSES
		Cost of Materials Consumed	530.207	599.199	1446.320
		Employee Benefits Expenses	73.335	65.511	61.600
		Other Expenses	2450.912	2262.480	69.041
		TOTAL (B)	3054.454	2927.190	1576.961
	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		372.668	416.669	395.416
Less	FINANCIAL EXPENSES (D)		118.124	149.601	148.395
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		254.544	267.068	247.021
Less	DEPRECIATION/ AMORTISATION (F)		133.225	165.668	186.440
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		121.319	101.400	60.581
Less	TAX (H)		41.250	34.500	18.500
	PROFIT/(LOSS) AFTER TAX (G-H) (I)		80.069	66.900	42.081
	Earnings Per Share (Rs.)		7.56	6.32	3.97

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

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

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin PAT / Sales	(%)	2.37	2.02	2.21
Operating Profit Margin (PBDIT/Sales)	(%)	11.05	12.55	20.77
Return on Total Assets (PBT/Total Assets)	(%)	5.10	4.14	2.52
Return on Investment (ROI) (PBT/Networth)		0.12	0.11	0.07
Debt Equity Ratio (Total Debt /Networth)		0.63	0.94	1.42
Current Ratio (Current Asset/Current Liability)		1.18	1.15	1.21

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	105.937	105.937	105.937
Reserves & Surplus	751.156	818.056	896.616
Share Application money pending allotment	0.000	0.000	0.000
Net worth	857.093	923.993	1002.553
long-term borrowings	469.525	160.674	0.357
Short term borrowings	744.097	709.174	634.862
Total borrowings	1213.622	869.848	635.219
Debt/Equity ratio	1.416	0.941	0.634

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	Rs. In Million	Rs. In Million	Rs. In Million
Sales	1904.002	3319.504	3371.851
		74.344	1.577

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	Rs. In Million	Rs. In Million	Rs. In Million
Sales	1904.002	3319.504	3371.851
Profit	42.081	66.900	80.069
	2.21%	2.02%	2.37%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	No
8	Designation of contact person	No
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	Yes
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10567481	21/03/2015	20,000,000.00	PUNJAB NATIONAL BANK	BRANCH CIVIL LINES, DELHI- 110054, INDIA	C52661683
2	10360935	28/04/2012	100,000,000.00	ING VYSYA BANK LIMITED	NARIAN MANZIL, GROUND FLOOR, SHOP NO. G1 TO G5, I FLOOR,SHOP NO.1001 TO1007,BARAKHAMBA ROAD,, NEW DELHI - 110001, INDIA	B41758871
3	10283250	08/04/2011	465,000,000.00	ALLAHABAD BANK	INTERNATIONAL BRANCH, 17, PARLIAMENT STREET,, NEW DELHI - 110001, INDIA	B11747763
4	10153732	25/03/2009 *	291,800,000.00	PUNJAB NATIONAL BANK	ALIPUR ROAD, CIVIL LINES, NEW DELHI- 110054, INDIA	A62124854
5	10054747	22/08/2008 *	690,000,000.00	PUNJAB NATIONAL BANK	CIVIL LINES, NEW DELHI, DELHI - 110053, INDIA	A47096490
6	80003695	29/08/2007 *	155,100,000.00	PUNJAB NATIONAL BANK	RAJPUR ROAD, CIVIL LINE, NEW DELHI, DELHI - 110053, INDIA	A24738775
7	80000213	10/06/2014 *	4,876,000,000.00	PUNJAB NATIONAL BANK	ALIPUR RAOD , CIVIL LINES, NEW DELHI, NEW DELHI- 110054, INDIA	C17035510

*Date of modification Charges

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Furniture and Fixture

· Office Equipment

· Computer

· Vehicles

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.63.58
UK Pound	1	Rs.100.30
Euro	1	Rs.72.38

INFORMATION DETAILS

Information Gathered by :	MNJ
Analysis Done by :	SUM
Report Prepared by :	NKT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--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		49

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.