MIRA INFORM REPORT

Report No. :	351822
Report Date :	28.11.2015

IDENTIFICATION DETAILS

Name :	LINGAMANENI LAND MARKS DEVELOPERS PRIVATE LIMITED
Registered Office :	Lingamaneni Corporate House, #59-14-10, Ring Road, N.H.5, Vijayawada - 520008, Andhra Pradesh
Tel. No.:	91-866-6660068/69
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	13.05.2008
Com. Reg. No.:	01-059133
Capital Investment / Paid-up Capital :	Rs. 196.606 Million
CIN No.: [Company Identification No.]	U70102AP2008PTC059133
IEC No.:	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AABCL4612R
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged into civil construction activities
No. of Employees :	Information declined by the Management.

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Maximum Credit Limit :	USD 900000
Status :	Yet to commence its operations
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject was incorporated in the year 2008 and it is yet to commence it business operations. During the year the company has not commenced its commercials operations. However, rating takes into consideration on company decent networth position along with zero balance sheet profile. As per status in the Registrar of Companies is active. Payment terms are unknown. In view of aforesaid, 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 – 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 BY

Name :	Mr. Sudhir
Designation :	Senior Sales Executive
Contact No.:	91-8897651007
Date :	24.11.2015

LOCATIONS

Registered Office :	59-14-10, Ring Road, N.H.5, Vijayawada - 520008, Andhra Pradesh, India
Tel. No.:	91-866-6660068/69
Fax No.:	Not Available
E-Mail :	csiepl@iepl.in info@iepl.in
Website:	www.iepl.in
Corporate office:	Plot No. 21,  Road No.12, Banjara Hills, Hyderabad - 500033, Telangana, India
Tel. No.:	91-866-6660 068/6
Fax No.:	91-40-23304333/91-866-6660067

DIRECTORS

As on 30.09.2014

Name :

Girija Balakrishnan

Designation :

Director

Address :

Shabari Niwas, Row House D-4, Highland Park, Mulund Colony Road, Mulund (West), Mumbai - 400082, Maharashtra, India

Date of Birth/Age :

30.03.1969

Date of Appointment :

12.03.2014

DIN No.:

06841071

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	U70102AP2008PTC059133	LINGAMANENI LAND MARKS DEVELOPERS PRIVATE LIMITED	Director	30/09/2014	12/03/2014	-	Active	NO
2	L92199GJ1999PLC044045	INOX LEISURE LIMITED	Director	28/09/2015	03/12/2014	-	Active	NO

Name :

Mr. Lingamaneni Venkata Surya Raja Sekhar

Designation :

Director

Address :

60-2-1/A, Vasireddy Sivaramakrishnaiah St., Gayatrinagar, Vijayawada -520008, Andhra Pradesh, India

Date of Birth/Age :

03.10.1972

Date of Appointment :

13.05.2008

PAN No.:

ABKPL7045B

DIN No.:

01691355

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	U74999AP1996PLC023572	LEPL PROJECTS LIMITED	Managing director	01/11/2013	21/03/1996	-	Active	NO
2	U72200AP2003PTC041980	LEPL INFOCITY PRIVATE LIMITED	Director	06/12/2012	29/10/2003	-	Active	NO
3	U70102TG2005PTC048609	WHITECITY INFRASTRUCTURES (INDIA) PRIVATE LIMITED	Director	28/12/2005	28/12/2005	08/11/2010	Active	NO
4	U45200TG2006PTC048833	LEPL SMART CITY PRIVATE LIMITED	Director	20/01/2006	20/01/2006	-	Active	NO
5	U45400AP2007PTC055382	SWARNIKA PROPERTIES PRIVATE LIMITED	Director	05/01/2013	03/09/2007	-	Active	NO
6	U70102TG2007PTC054411	HARSHINI ESTATES PRIVATE LIMITED	Director	18/12/2007	18/12/2007	07/03/2009	Active	NO
7	U45400AP2007PTC054766	MAHIKA ESTATES PRIVATE LIMITED	Director	18/12/2007	18/12/2007	-	Active	NO
8	U45200AP2007PTC054680	BHAVIKA VENTURES PRIVATE LIMITED	Director	19/12/2007	19/12/2007	-	Active	NO
9	U70102AP2008PTC059133	LINGAMANENI LAND MARKS DEVELOPERS PRIVATE LIMITED	Director	13/05/2008	13/05/2008	-	Active	NO
10	U55101AP1985PTC006010	ANJAIAH AND CO.HOTELS PVT.LTD.	Director	16/04/2012	09/11/2009	05/12/2013	Active	NO
11	U70100AP2007PTC054426	FAIR FIELD TOWNSHIP PRIVATE LIMITED	Director	28/09/2011	08/10/2010	-	Active	NO
12	U45400AP2007PTC055310	LOUKYA HOUSING PRIVATE LIMITED	Director	28/09/2011	08/10/2010	10/09/2015	Active	NO
13	U80901AP2010PTC071044	LINGAMANENI EDUCATIONAL ACADEMIC FOUNDATION PRIVATE LIMITED	Director	02/11/2010	02/11/2010	-	Active	NO
14	U85100AP2011PTC072069	AAYUSH NRI LEPL HEALTHCARE PRIVATE LIMITED	Director	28/09/2013	06/01/2011	-	Active	NO
15	U62200TG2011PTC074087	AIR COSTA AVIATION PRIVATE LIMITED	Managing director	07/01/2013	26/04/2011	-	Active	NO
16	U72200AP2011PTC076213	LEPL PEOPLETECH PRIVATE LIMITED	Director	29/08/2011	29/08/2011	06/03/2015	Active	NO
17	U40300TG2012PTC078432	LEPL RENERGY PRIVATE LIMITED	Director	05/01/2012	05/01/2012	-	Active	NO
18	U45400AP2012PTC082172	LEPL HITEC CITY PRIVATE LIMITED	Director	26/07/2012	26/07/2012	06/03/2015	Active	NO
19	U74999AP2012PTC082249	SWARNA BHASKAR HOLDINGS PRIVATE LIMITED	Director	31/07/2012	31/07/2012	-	Active	NO
20	U45400AP2012PTC084489	LINGAMANENI ESTATES & PROJECTS PRIVATE LIMITED	Director	29/11/2012	29/11/2012	-	Active	NO
21	U40108AP2013PTC088538	LEPL WIND ENERGY PRIVATE LIMITED	Director	24/06/2013	24/06/2013	06/03/2015	Active	NO
22	U80301AP2013PTC089394	MEDIPRO EDUMANAGEMENT PRIVATE LIMITED	Director	08/08/2013	08/08/2013	-	Active	NO
23	U80904AP2013PTC089364	MEDIHEALTH EDUCATION PRIVATE LIMITED	Director	08/08/2013	08/08/2013	-	Active	NO
24	U62200AP2013PTC089478	LEPL AIRLINES PRIVATE LIMITED	Director	12/08/2013	12/08/2013	-	Active	NO
25	U45209AP2015PTC096317	LEPL VENTURES PRIVATE LIMITED	Director	13/03/2015	13/03/2015	-	Active	NO

Name :

Mr. Lingamaneni Ramesh

Designation :

Director

Address :

60-2-1/B, Near Pinnamaneni Polyclinic, Gayatrinagar, Vijayawada - 520008, Andhra Pradesh, India

Date of Birth/Age :

30.09.1973

Date of Appointment :

13.05.2008

PAN No.:

ABKPL7045B

DIN No.:

00171927

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	U74999AP1996PLC023572	LEPL PROJECTS LIMITED	Whole-time director	01/11/2013	21/03/1996	-	Active	NO
2	U72200AP2003PTC041980	LEPL INFOCITY PRIVATE LIMITED	Director	29/10/2003	29/10/2003	-	Active	NO
3	U01110AP2005PTC046733	LINGAMANENI AGRO DEVELOPERS PRIVATE LIMITED	Director	04/01/2013	04/07/2005	-	Active	NO
4	U01110AP2005PTC046734	LINGAMANENI AGRICULTURE DEVELOPERS PRIVATE LIMITED	Director	04/01/2013	04/07/2005	-	Active	NO
5	U70102TG2005PTC047459	IJM LINGAMANENI TOWNSHIP PRIVATE LIMITED	Director	14/09/2005	14/09/2005	30/06/2009	Active	NO
6	U70102TG2005PTC048609	WHITECITY INFRASTRUCTURES (INDIA) PRIVATE LIMITED	Director	28/12/2005	28/12/2005	08/11/2010	Active	NO
7	U45200TG2006PTC048833	LEPL SMART CITY PRIVATE LIMITED	Director	20/01/2006	20/01/2006	-	Active	NO
8	U70102AP2007PTC054486	KUMUDA ESTATES PRIVATE LIMITED	Director	05/01/2013	18/06/2007	-	Active	NO
9	U45400AP2007PTC054925	GREENWAY TOWNSHIP PRIVATE LIMITED	Director	19/12/2007	19/12/2007	24/03/2011	Active	NO
10	U45400AP2007PTC055028	SUDIKSHA TOWNSHIP PRIVATE LIMITED	Director	20/12/2007	20/12/2007	21/02/2011	Active	NO
11	U70102AP2008PTC059133	LINGAMANENI LAND MARKS DEVELOPERS PRIVATE LIMITED	Director	13/05/2008	13/05/2008	-	Active	NO
12	U45200AP2007PTC054680	BHAVIKA VENTURES PRIVATE LIMITED	Director	06/12/2012	05/01/2010	-	Active	NO
13	U70100AP2007PTC054426	FAIR FIELD TOWNSHIP PRIVATE LIMITED	Director	28/09/2011	08/10/2010	-	Active	NO
14	U45400AP2007PTC055310	LOUKYA HOUSING PRIVATE LIMITED	Director	28/09/2011	08/10/2010	-	Active	NO
15	U80901AP2010PTC071044	LINGAMANENI EDUCATIONAL ACADEMIC FOUNDATION PRIVATE LIMITED	Director	04/11/2010	04/11/2010	-	Active	NO
16	U62200TG2011PTC074087	AIR COSTA AVIATION PRIVATE LIMITED	Managing director	07/01/2013	26/04/2011	-	Active	NO
17	U72200AP2011PTC076213	LEPL PEOPLETECH PRIVATE LIMITED	Director	29/08/2011	29/08/2011	06/03/2015	Active	NO
18	U40300TG2012PTC078432	LEPL RENERGY PRIVATE LIMITED	Director	05/01/2012	05/01/2012	-	Active	NO
19	U45400AP2012PTC082172	LEPL HITEC CITY PRIVATE LIMITED	Director	26/07/2012	26/07/2012	06/03/2015	Active	NO
20	U74999AP2012PTC082249	SWARNA BHASKAR HOLDINGS PRIVATE LIMITED	Director	31/07/2012	31/07/2012	-	Active	NO
21	U40105AP2012PTC083296	VISWAROOPI ENERGY PRIVATE LIMITED	Director	25/09/2012	25/09/2012	-	Active	NO
22	U45400AP2012PTC084489	LINGAMANENI ESTATES & PROJECTS PRIVATE LIMITED	Director	29/11/2012	29/11/2012	-	Active	NO
23	U40108AP2013PTC088538	LEPL WIND ENERGY PRIVATE LIMITED	Director	24/06/2013	24/06/2013	06/03/2015	Active	NO
24	U80301AP2013PTC089394	MEDIPRO EDUMANAGEMENT PRIVATE LIMITED	Director	08/08/2013	08/08/2013	-	Active	NO
25	U80904AP2013PTC089364	MEDIHEALTH EDUCATION PRIVATE LIMITED	Director	08/08/2013	08/08/2013	-	Active	NO
26	U62200AP2013PTC089478	LEPL AIRLINES PRIVATE LIMITED	Director	12/08/2013	12/08/2013	-	Active	NO
27	U45209AP2015PTC096317	LEPL VENTURES PRIVATE LIMITED	Director	13/03/2015	13/03/2015	-	Active	NO

Name :

Colm John O'riordan

Designation :

Additional Director

Address :

8 Hermitage View, Rathfaranham, Dublin, 16, Ireland

Date of Appointment :

21.09.2015

DIN No.:

07147584

KEY EXECUTIVES

Name :	Mr. Sudhir
Designation :	Senior Sales Executive

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders (Equity Shares)	No. of Shares
Lingamaneni Venkata Surya Raja Sekhar	10000
Lingamaneni Ramesh	10000
Lingamaneni Swarna Kumari	5000
Lingamaneni Prasanthi	2500
C.T. Chowdary	2500
LEPL Project Limited, India	20000
Lotus Three Developers Limited, India	50000
Total	100000

Names of Shareholders (Preference Shares)
Lotus Three Developers Limited	19560571
Total	19560571

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Bodies corporate	70.00
Directors or relatives of Directors	30.00
Total	100.00

S

BUSINESS DETAILS

Line of Business :	Subject is engaged into civil construction activities
Products/Services :	Construction Activities
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 :

• Axis Bank Limited, Second Floor, No.1, Queen's Road, Bangalore- 560001, Karnataka, India

Bank Name	State Bank of Indi
Branch	Specialised Mid Corporate Branch, D. No. 48-10-20, Veeramachaneni Residency, Vijayawada - 520008, Andhra Pradesh, India
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 Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Auditors :
Name :	V. Srimannarayana Murthy Chartered Accountants
Address :	3 6 - 1 1 - 7 , Santhinagar, Mogalrajpuram, Vijayawada, Andhra Pradesh , India
PAN N Income-tax PAN of auditor or auditor's firm :	ABAPV6275H
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	Not Divulged

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.10/- each	Rs. 1.000 Million
19900000	Preference Shares	Rs.10/- each	Rs. 199.000 Million
	Total		Rs. 200.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.10/- each	Rs. 1.000 Million
19560571	Preference Shares	Rs.10/- each	Rs. 195.606 Million
	Total		Rs. 196.606 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	196.606	196.606	196.606
(b) Reserves & Surplus	121.984	122.022	122.056
(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)	318.590	318.628	318.662
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.632	0.427	0.583
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	0.632	0.427	0.583
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	0.000	0.000	0.000
(c) Other current liabilities	0.000	0.000	0.000
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	0.000	0.000	0.000
TOTAL	319.222	319.055	319.245
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	144.547	144.547	144.547
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	173.922	172.841	55.905
(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)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.191	0.191	0.191
Total Non-Current Assets	318.660	317.579	200.643
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	0.011	0.925	1.381
(e) Short-term loans and advances	0.551	0.551	117.221
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	0.562	1.476	118.602
TOTAL	319.222	319.055	319.245

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	TOTAL SALES	NA	NA	NA
Less	TOTAL EXPENSES	NA	NA	NA
	PROFIT/ (LOSS) BEFORE TAX	NA	NA	NA
Less	TAX	NA	NA	NA
	PROFIT/ (LOSS) AFTER TAX	(0.038)	(0.034)	(0.237)
	Earnings / (Loss) Per Share (Rs.)	--	--	(0.01)

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	0.167	(0.034)	(5.860)

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	196.606	196.606	196.606
Reserves & Surplus	122.056	122.022	121.984
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	318.662	318.628	318.590
long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.000	0.000	0.000
Debt/Equity ratio	0.000	0.000	0.000

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	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	Yes
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	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	No
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

FINANCIAL RESULTS

The Company has not commenced commercial operations during the financial year.

INDEX OF CHARGES:

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10566935	18/09/2015 *	500,000,000.00	STATE BANK OF INDIA	SPECIALISED MID CORPORATE BRANCH, D.NO. 48-10-20, VEERAMACHANENI RESIDENCY, VIJAYAWADA- 520008, ANDHRA PRADESH, INDIA	C69601300
2	10491407	23/04/2014	1,500,000,000.00	AXIS BANK LIMITED	AXIS BANK LIMITED, SECOND FLOOR, NO.1, QUEEN'S RO  AD, BANGALORE- 560001, KARNATAKA, INDIA	C03134087

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.66.38
UK Pound	1	Rs.100.45
Euro	1	Rs.70.55

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	KSH
Report Prepared by :	RKI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	-
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	-
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--RESERVES	1~10	4
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		26

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.