MIRA INFORM REPORT

Report No. :	351880
Report Date :	27.11.2015

IDENTIFICATION DETAILS

Name :	ESPIRE INFOLABS PRIVATE LIMITED
Registered Office :	A 41, Mohan Co-Operative Estate, Mathura Road, New Delhi – 110044
Tel. No.:	91-11-30266500
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	18.12.2001
Com. Reg. No.:	55-113476
Capital Investment / Paid-up Capital :	Rs. 137.703 Million
CIN No.: [Company Identification No.]	U72200DL2001PTC113476
IEC No.:	Not Divulged
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 :	Providing information technology and allied services.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

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

Maximum Credit Limit :	USD 720000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company incorporated in the year 2001. It has satisfactory track. The rating takes into consideration sound financial risk profile of the company marked by decent networth base and comfortable debt level for the year 2014. Further, the management has reported significant increase in its operational level marked by increase in its revenue base along with fair profit margin. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. In view of aforesaid, the company can be considered for business dealings with 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

Rating Agency Name	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	Not Available

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2015.

INFORMATION DENIED

Management non co-operative (Tel. No.: 91-11-30266500)

LOCATIONS

Registered Office :	A 41, Mohan Co-Operative Estate, Mathura Road, New Delhi – 110044, India
Tel. No.:	91-11-30266500
Fax No.:	Not Availabel
E-Mail :	gagan.oberoi@espire.com

DIRECTORS

AS ON 30.09.2014

Name :

Amit Rai

Designation :

Director

Address :

12, Aurangzeb Lane, New Delhi - 110011, India

Date of Birth/Age :

08.06.1978

Date of Appointment :

01.10.2002

DIN No.:

00088067

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	U15310TG1965PLC001377	ESPIRE ESTATE LIMITED	Director	13/08/2001	13/08/2001	02/11/2010	Active	NO
2	U74899DL1977PTC008733	VISHWA ENTERPRISES PVT LTD	Director	16/08/2001	16/08/2001	28/03/2011	Active	NO
3	U74899DL1960PTC003360	ESPIRE CONSOLIDATED SERVICES PRIVATE LIMITED	Director	25/09/2002	25/09/2002	29/03/2011	Active	NO
4	U72200DL2001PTC113476	ESPIRE INFOLABS PRIVATE LIMITED	Director	01/10/2002	01/10/2002	-	Active	NO
5	U40101DL2000PTC103327	ESPIRE INFOSERVE PRIVATE LIMITED	Director	01/11/2002	01/11/2002	30/01/2009	Active	NO
6	U74999DL2003NPL122343	RAI FOUNDATION	Director	22/09/2003	22/09/2003	16/09/2010	Active	NO
7	U73100DL2002PTC117840	SECOND OPINION INDIA PRIVATE LIMITED	Director	02/02/2004	02/02/2004	29/03/2011	Active	NO
8	U70109DL2006PTC154143	ESPIRE ARTS PRIVATE LIMITED	Director	20/09/2006	20/09/2006	24/11/2006	Active	NO
9	U70109DL2006PTC154144	CREST INFRASTRUCTURES PRIVATE LIMITED	Director	20/09/2006	20/09/2006	01/09/2007	Active	NO
10	U52599DL2006PTC156488	ESPIRE RETAIL PRIVATE LIMITED	Director	12/12/2006	12/12/2006	01/11/2010	Active	NO
11	U72300DL2006PTC157096	Espire Conglomerate Private Limited	Director	28/12/2006	28/12/2006	29/03/2011	Active	NO
12	L74899HR1961PLC049215	Espire Infrastructure Corporation Limited	Director	29/09/2012	01/04/2008	-	Active	NO
13	U80904DL2009PLC192755	RADCLIFFE SCHOOLS EDUCATION LIMITED	Whole-time director	01/06/2011	15/09/2009	-	Active	NO
14	U74899DL1998PTC009229	ESPIRE HOLDINGS PRIVATE LIMITED	Director	25/09/2010	23/09/2009	01/11/2010	Active	NO
15	U74899DL1984PTC018386	ANU ELECTRICAL ENTERPRISES PRIVATE LIMITED	Director	29/09/2010	01/10/2009	01/11/2010	Active	NO
16	U74899DL2005PTC142109	ERIK SOFTWARE PRIVATE LIMITED	Director	27/09/2012	28/03/2011	-	Active	NO
17	U45203DL2006PTC154113	MAZZARD ESTATE DEVELOPERS PRIVATE LIMITED	Director	27/09/2012	28/03/2011	-	Active	NO
18	U45203DL2006PTC154117	SPOT DEVELOPERS PRIVATE LIMITED	Director	27/09/2012	28/03/2011	-	Active	NO
19	U36998DL2006PTC155952	Meadows Hotels and Apartments Private Limited	Director	27/09/2012	28/03/2011	-	Active	NO
20	U72900UR2007PTC032367	SPOT SOFTWARE & INFO SOLUTIONS PRIVATE LIMITED	Director	29/09/2012	28/03/2011	-	Active	NO
21	U80302DL2009PTC193796	ERIK EDUTECH PRIVATE LIMITED	Director	27/09/2012	28/03/2011	-	Active	NO
22	U70109DL2009PTC195765	COSMOS BUILDWELL PRIVATE LIMITED	Director	27/09/2012	17/10/2011	-	Active	NO
23	U80904DL2009PTC192765	Radcliffe Higher Education Private Limited	Director	30/09/2013	04/09/2013	-	Active	NO
24	U22219DL2010PTC204439	Radcliffe Publications Private Limited	Director	30/09/2013	04/09/2013	-	Active	NO
25	U80904DL2010PTC204763	RADCLIFFE EDUCATION (WEST) PRIVATE LIMITED	Director	30/09/2013	04/09/2013	-	Active	NO
26	U80302DL2010PTC204830	RADCLIFFE EDUCATION (EAST) PRIVATE LIMITED	Director	30/09/2013	04/09/2013	-	Active	NO
27	U80902DL2010PTC204765	Radcliffe Online Learning Private Limited	Director	30/09/2013	04/09/2013	-	Active	NO
28	U80302DL2010PTC204825	RADCLIFFE EDUCATION SERVICES PRIVATE LIMITED	Director	30/09/2013	04/09/2013	-	Active	NO

Name :

Gagan Oberoi

Designation :

Managing Director

Address :

E-4, Green Park Main, New Delhi - 110016, India

Date of Birth/Age :

23.08.1966

Date of Appointment :

01.10.2002

DIN No.:

00087963

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	U72200DL2001PTC113476	ESPIRE INFOLABS PRIVATE LIMITED	Managing director	01/10/2002	01/10/2002	-	Active	NO
2	U40101DL2000PTC103327	ESPIRE INFOSERVE PRIVATE LIMITED	Director	27/01/2012	17/11/2004	-	Active	NO
3	U73100DL2002PTC117840	SECOND OPINION INDIA PRIVATE LIMITED	Director	27/05/2005	27/05/2005	-	Active	NO
4	U72300DL2006PTC157096	Espire Conglomerate Private Limited	Director	28/12/2006	28/12/2006	-	Active	NO
5	U52599DL2006PTC156488	ESPIRE RETAIL PRIVATE LIMITED	Director	26/09/2008	05/12/2007	-	Active	NO
6	L74899HR1961PLC049215	Espire Infrastructure Corporation Limited	Director	01/10/2009	02/01/2008	-	Active	NO
7	U80904DL2009PLC192755	RADCLIFFE SCHOOLS EDUCATION LIMITED	Director	10/12/2010	06/11/2009	28/03/2011	Active	NO
8	U70200DL2010PTC204445	Radcliffe Infrastructure Private Limited	Director	22/06/2010	22/06/2010	-	Active	NO
9	U74140DL2010PTC204436	Radcliffe Advisory Private Limited	Director	22/06/2010	22/06/2010	-	Active	NO
10	U22219DL2010PTC204439	Radcliffe Publications Private Limited	Director	22/06/2010	22/06/2010	-	Active	NO
11	U80904DL2010PTC204763	RADCLIFFE EDUCATION (WEST) PRIVATE LIMITED	Director	25/06/2010	25/06/2010	-	Active	NO
12	U80302DL2010PTC204830	RADCLIFFE EDUCATION (EAST) PRIVATE LIMITED	Director	25/06/2010	25/06/2010	-	Active	NO
13	U80302DL2010PTC204791	RADCLIFFE EDUCATION (SOUTH) PRIVATE LIMITED	Director	25/06/2010	25/06/2010	14/08/2012	Active	NO
14	U80302DL2010PTC204790	RADCLIFFE EDUCATION (NORTH) PRIVATE LIMITED	Director	25/06/2010	25/06/2010	14/08/2012	Active	NO
15	U80902DL2010PTC204765	Radcliffe Online Learning Private Limited	Director	25/06/2010	25/06/2010	-	Active	NO
16	U80302DL2010PTC204825	RADCLIFFE EDUCATION SERVICES PRIVATE LIMITED	Director	25/06/2010	25/06/2010	-	Active	NO
17	U80904DL2009PTC193632	Radcliffe Education Private Limited	Director	05/12/2010	15/07/2010	-	Active	NO

Name :

Radha Ballabh Aggarwal

Designation :

Director

Address :

340, Dabua Colony,, Faridabad, Faridabad - 121001, Haryana, India

Date of Birth/Age :

05.01.1962

Date of Appointment :

10.09.2013

DIN No.:

01219230

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	U65921PB1989PTC009072	ANU PROPERTIES AND LEASING PVT LTD	Director	13/02/1989	13/02/1989	25/03/2011	Strike off	NO
2	U74899DL1991PTC045845	EMM CEE PROPERTIES PRIVATE LIMITED	Director	11/08/2001	11/08/2001	-	Active	NO
3	U70101UP1997PTC021371	COMPONENTS AND ENERGY SYSTEMS PRIVATE LIMITED	Director	14/07/2006	14/07/2006	-	Active	NO
4	U74899DL1984PTC018386	ANU ELECTRICAL ENTERPRISES PRIVATE LIMITED	Director	14/07/2006	14/07/2006	30/11/2007	Active	NO
5	U74110UR1997PTC021971	BUDDHA PROPERTIES PRIVATE LIMITED	Director	15/07/2006	15/07/2006	-	Active	NO
6	U15310TG1965PLC001377	ESPIRE ESTATE LIMITED	Director	26/09/2008	22/09/2008	-	Active	NO
7	U40101DL2000PTC103327	ESPIRE INFOSERVE PRIVATE LIMITED	Director	30/09/2009	28/01/2009	01/09/2014	Active	NO
8	U74899DL1960PTC003360	ESPIRE CONSOLIDATED SERVICES PRIVATE LIMITED	Director	30/09/2010	28/08/2010	-	Active	NO
9	U70101UP1996PTC020948	AMRITA COMPLEXES PRIVATE LIMITED	Director	09/09/2011	01/06/2011	-	Active	NO
10	U45201UP1996PTC021110	PRATIBHA PROPERTIES PRIVATE LIMITED	Director	10/09/2011	01/06/2011	-	Active	NO
11	U45201DL2005PTC141634	OZONIC REALTORS PRIVATE LIMITED	Director	30/09/2011	10/06/2011	30/09/2014	Active	NO
12	U72900DL2010PTC209311	ESPIRE TECHNOLOGIES PRIVATE LIMITED	Director	14/09/2011	10/08/2011	-	Active	NO
13	U74899DL1961PTC003474	RAM KISHAN KULWANT RAI INDUSTRIES PRIVATE LIMITED	Director	30/09/2011	16/08/2011	-	Active	NO
14	U70109DL2006PTC151212	OZONE INFRASTRUCTURE PRIVATE LIMITED.	Director	30/09/2011	01/09/2011	-	Active	NO
15	U73100DL2002PTC117840	SECOND OPINION INDIA PRIVATE LIMITED	Director	29/09/2012	12/12/2011	-	Active	NO
16	U80301DL2013PTC251590	RADCLIFFE BLUE CITY EDUCATION PRIVATE LIMITED	Director	03/05/2013	03/05/2013	22/10/2014	Active	NO
17	U72200DL2001PTC113476	ESPIRE INFOLABS PRIVATE LIMITED	Director	29/11/2013	10/09/2013	-	Active	NO
18	U27106MH1976PTC019223	MEENAKSHI STEEL ROLLING MILLS PRIVATE LIMITED	Director	30/09/2014	07/08/2014	-	Active	NO

KEY EXECUTIVES

Name :	Meenakshi Garg
Designation :	Secretary
Address :	H-630, Sarojini Nagar, New Delhi - 110023, India
Date of Birth/Age :	23.05.1988
Date of Appointment :	01.11.2011
PAN No:	Asnpg5922c

MAJOR SHAREHOLDERS

AS ON 30.09.2014

Names of Shareholders	No. of Shares
Amit Rai	3050
Espire Conglomerate Private Limited, India	13767236
Total	13770286

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Bodies corporate	99.98
Directors or relatives of Directors	0.02
Total	100.00

BUSINESS DETAILS

Line of Business :	Providing information technology and allied services.
Products :	Not Divulged
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Information declined by the management

Bankers :

• The Ratnakar Bank Limited, Shahupuri,Kolhapur, Kolhapur – 416001, 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 others	28.834	0.000
Rupee term loans from banks	6.585	4.985
SHORT TERM BORROWING
Rupee term loans from banks	19.997	0.000
Term loans from others	0.000	10.284
Total	55.416	15.269

Auditors :
Name :	Srivastava Kumar and Company Chartered Accountant
Address :	21-A , Nangli Rajapur, Nizamuddin, New Delhi -110013, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAIFS7865H
Memberships :	Not Available
Collaborators :	Not Available
Ultimate Holding Company :	Espire Conglomerate Private Limited
Fellow Subsidiary Company :	Espire Infolabs Pty Limited Espire Infolabs Limited Espire Infolabs (NZ) Limited Espire Infolabs (Singapore) Pte Limited Espire Infolabs (Canada) Inc

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
25000000	Equity Shares	Rs.10/- each	Rs. 250.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
13770286	Equity Shares	Rs.10/- each	Rs. 137.703 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	137.703	137.703	137.703
(b) Reserves & Surplus	115.341	106.721	98.153
(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)	253.044	244.424	235.856
(3) Non-Current Liabilities
(a) long-term borrowings	35.419	4.985	0.204
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	11.131	10.635	7.332
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	46.550	15.620	7.536
(4) Current Liabilities
(a) Short term borrowings	28.997	19.365	13.520
(b) Trade payables	30.137	18.414	6.740
(c) Other current liabilities	43.438	29.749	19.081
(d) Short-term provisions	3.732	4.265	2.994
Total Current Liabilities (4)	106.304	71.793	42.335
TOTAL	405.898	331.837	285.727
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	72.076	73.597	21.022
(ii) Intangible Assets	1.998	0.200	0.234
(iii) Capital work-in-progress	0.000	0.000	1.426
(iv) Intangible assets under development	5.502	19.218	13.716
(b) Non-current Investments	99.511	99.956	63.945
(c) Deferred tax assets (net)	0.691	1.963	0.852
(d) Long-term Loan and Advances	51.804	18.396	64.932
(e) Other Non-current assets	0.875	3.400	0.631
Total Non-Current Assets	232.457	216.730	166.758
(2) Current assets
(a) Current investments	0.000	0.000	0.003
(b) Inventories	13.522	0.000	0.000
(c) Trade receivables	121.437	71.210	75.791
(d) Cash and cash equivalents	13.410	15.601	9.955
(e) Short-term loans and advances	24.500	26.058	33.072
(f) Other current assets	0.572	2.238	0.148
Total Current Assets	173.441	115.107	118.969
TOTAL	405.898	331.837	285.727

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	327.322	283.832	161.786
	Other Income	2.066	1.678	7.036
	TOTAL	329.388	285.510	168.822
Less	EXPENSES
	TOTAL	313.427	272.789	157.193
	PROFIT/ (LOSS) BEFORE TAX	15.961	12.721	11.629
Less	TAX	7.342	4.152	3.321
	PROFIT/ (LOSS) AFTER TAX	8.619	8.569	8.308
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	106.721	98.152	89.834
	BALANCE CARRIED TO THE B/S	115.340	106.721	98.152
	Earnings Per Share (Rs.)	0.63	0.62	0.60

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
Net cash flows from (used in) operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	2.63	3.02	5.14
Return on Total Assets (PBT/Total Assets}	(%)	5.32	6.04	5.65
Return on Investment (ROI) (PBT/Networth)		0.06	0.05	0.05
Debt Equity Ratio (Total Debt /Networth)		0.25	0.10	0.06
Current Ratio (Current Asset/Current Liability)		1.63	1.60	2.81

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	137.703	137.703	137.703
Reserves & Surplus	98.153	106.721	115.341
Share Application money pending allotment	0.000	0.000	0.000
Net worth	235.856	244.424	253.044
long-term borrowings	0.204	4.985	35.419
Short term borrowings	13.520	19.365	28.997
Total borrowings	13.724	24.350	64.416
Debt/Equity ratio	0.058	0.100	0.255

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	161.786	283.832	327.322
		75.437	15.322

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	161.786	283.832	327.322
Profit	8.308	8.569	8.619
	5.14%	3.02%	2.63%

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	No
17	Details of sister concerns	Yes
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	No
35	Negative Reporting by Auditors in the Annual Report	No

UNSECURED LOAN

Particulars	As on 31.03.2014	As on 31.03.2013
SHORT TERM BORROWING
Rupee term loans from others	9.000	9.081
Total	9.000	9.081

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10572075	06/05/2015	7,550,000.00	INDIABULLS HOUSING FINANCE LIMITED	M - 62 & 63, FIRST FLOOR, CONNAUGHT PLACE, NEW DELHI, Delhi - 110001, INDIA	C54998638
2	10572063	06/05/2015	7,550,000.00	INDIABULLS HOUSING FINANCE LIMITED	M - 62 & 63, FIRST FLOOR, CONNAUGHT PLACE, NEW DELHI, Delhi - 110001, INDIA	C54999446
3	10514842	20/11/2014 *	65,000,000.00	THE RATNAKAR BANK LIMITED	SHAHUPURI,KOLHAPUR, KOLHAPUR, Maharashtra - 416001, INDIA	C34016287
4	10442255	29/07/2013	35,000,000.00	THE RATNAKAR BANK LIMITED	SHAHUPURI,KOLHAPUR, VYPARI PETH, KOLHAPUR, Maharashtra - 416001, INDIA	B81797409

* Date of charge modification

FIXED ASSETS

• Furniture and Fixture
• Vehicles
• Office Equipments
• Computer Equipments
• Leasehold improvements

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. 66.55
UK Pound	1	Rs. 100.64
Euro	1	Rs. 70.70

INFORMATION DETAILS

Information Gathered by :	GYT
Analysis Done by :	KIN
Report Prepared by :	JYO

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
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	5
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		47

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.