MIRA INFORM REPORT

Report No. :	344521
Report Date :	09.10.2015

IDENTIFICATION DETAILS

Name :	TYCOON SUPPLIERS PRIVATE LIMITED

Registered Office :	6, Ganesh Chandra Avenue, Kolkata – 700013, West Bengal
Tel. No.:	91-33-40052282

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	17.10.2011

Com. Reg. No.:	21-168601

Capital Investment / Paid-up Capital :	Rs. 0.100 Million

CIN No.: [Company Identification No.]	U51909WB2011PTC168601

IEC No.:	Not Available

TAN No.: [Tax Deduction & Collection Account No.]	Not Available

PAN No.: [Permanent Account No.]	AAECT0140M

Legal Form :	Private Limited Liability Company

Line of Business :	Trader of Iron and Steel.

No. of Employees :	50 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ca (12)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate

Payment Behavior :	Slow

Litigation :	Clear

Comments :	Tycoon Suppliers Private Limited was incorporated in the year 2011 and it is having a moderate track. It is engaged in the business as trader of iron and steel. The company has shown significant growth in its turnover during FY 2014 however, it has incurred heavy loss from its operations which has fully eroded entire networth of the company. Further, the rating also takes into consideration slowdown in steel industry and trading nature of business of the company. Business is active. Payments are reported as slow. The company can be considered for business dealings on safe and secured 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

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 31-03-2015.

INFORMATION PARTED BY

Name :	Mr. Sanjay Kumar Singh
Designation :	Director
Contact No.:	91-9903650451

LOCATIONS

Registered Office / Warehouse :	6, Ganesh Chandra Avenue, Kolkata – 700013, West Bengal, India
Tel. No.:	91-33-40052282
Mobile No.:	91-9903650451 (Mr. Sanjay Kumar Singh)
Fax No.:	Not Available
E-Mail :	singhsanjay06@yahoo.co.in
Area :	1200 Sq. Ft.
Location :	Rented
Locality :	Commercial

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Sanjay Kumar Singh

Designation :

Director

Address :

4, Ballav Das Street, 3^rd Floor, Room No.335, Kolkata – 700 007, West Bengal, India

Date of Birth/Age :

10.10.1977

Date of Appointment :

18.10.2011

DIN No.:

00535434

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	U51109WB1990PTC048957	JAI BHOLA TRADING COMPANY PRIVATE LIMITED	Director	30/04/2002	30/04/2002	-	Active	NO
2	U60221WB1995PTC072311	BIBIPURIA ROADLINES PRIVATE LIMITED	Director	01/10/2008	01/10/2008	-	Active	NO
3	U51909WB2011PTC168601	TYCOON SUPPLIERS PRIVATE LIMITED	Director	18/10/2011	18/10/2011	-	Active	NO
4	U51909WB2011PTC168585	KAVERI VINTRADE PRIVATE LIMITED	Director	18/10/2011	18/10/2011	-	Active	NO

Name :

Mr. Amit Kumar Ganguly

Designation :

Director

Address :

81, S.C.M. Road, Baidyabati, Hooghly – 712 222, West Bengal, India

Date of Birth/Age :

17.09.1957

Date of Appointment :

23.08.2013

DIN No.:

01832263

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	U51109WB1995PTC075291	SMC MARKETING PRIVATE LIMITED	Director	24/02/1996	24/02/1996	-	Active	NO
2	U51909WB1991PTC053769	PACHERIWALA SYNTHETICS PRIVATE LIMITED	Director	24/07/1998	24/07/1998	-	Active	NO
3	U70101WB1996PTC076737	MANISHA CONSTRUCTION PRIVATE LIMITED	Director	09/10/2000	09/10/2000	-	Active	NO
4	U51909WB2011PTC168585	KAVERI VINTRADE PRIVATE LIMITED	Director	23/08/2013	23/08/2013	-	Active	NO
5	U51909WB2011PTC168601	TYCOON SUPPLIERS PRIVATE LIMITED	Director	23/08/2013	23/08/2013	-	Active	NO

Name :

Mr. Sajjan Kumar Hakim

Designation :

Director

Address :

237/9, G.T. Road (45-54, 219-240), Bye No Line 11, Bally, Howrah – 711 202, West Bengal, India

Date of Birth/Age :

05.07.1953

Date of Appointment :

29.12.2012

DIN No.:

02323038

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	L51909WB1983PLC035956	RANISATI INDUSTRIES LIMITED	Additional director	01/11/2008	01/11/2008	-	Active	NO
2	U27109WB1994PLC052024	S G STRIPS LIMITED	Director	21/03/2009	21/03/2009	14/11/2009	Active	NO
3	U27109WB1995PLC071063	CONCAST BENGAL INDUSTRIES LIMITED	Additional director	28/05/2010	28/05/2010	25/11/2011	Active	NO
4	U70200WB1980PTC032822	KALIGHAT PROPERTIES PRIVATE LIMITED	Additional director	25/08/2010	25/08/2010	-	Active	NO
5	U45203WB2007PTC112792	N.K.S. PROJECTS PRIVATE LIMITED	Director	25/08/2010	25/08/2010	-	Active	NO
6	U45203WB2007PTC112790	MATASHREE PROPERTIES PRIVATE LIMITED	Director	30/09/2011	30/05/2011	-	Active	NO
7	U45203WB2007PTC112800	G.N.K.PROPERTIES PRIVATE LIMITED	Director	30/09/2011	30/05/2011	-	Active	NO
8	U45203WB2007PTC112791	N.G.K. PROPERTIES PRIVATE LIMITED	Director	30/09/2011	30/05/2011	-	Active	NO
9	U45203WB2007PTC112744	GANGOUR NIRMAN PRIVATE LIMITED	Director	30/09/2011	30/05/2011	-	Active	NO
10	U45203WB2007PTC112807	TRITIUM PROPERTIES PRIVATE LIMITED.	Director	30/09/2011	30/05/2011	-	Active	NO
11	U51909WB2011PTC168601	TYCOON SUPPLIERS PRIVATE LIMITED	Director	29/12/2012	29/12/2012	-	Active	NO
12	U51909WB2011PTC168585	KAVERI VINTRADE PRIVATE LIMITED	Director	02/01/2013	02/01/2013	-	Active	NO
13	U45400WB2013PTC192711	EVERLINK HOMES PRIVATE LIMITED	Director	02/05/2013	02/05/2013	-	Active	NO
14	U45400WB2013PTC192781	GOODPOINT HOMES PRIVATE LIMITED	Director	02/05/2013	02/05/2013	-	Active	NO
15	U26922WB2006PTC109915	SWATI UDYOG PRIVATE LIMITED	Director	30/09/2013	25/09/2013	-	Active	NO
16	U72200WB2001PLC093976	IMPEX INFOTECH LIMITED	Director	26/05/2014	26/05/2014	-	Active	NO
17	U85110WB2009PTC139889	INDO-US HEALTHCARE PRIVATE LIMITED	Additional director	25/06/2014	25/06/2014	25/11/2014	Active	NO
18	U27310JH2005PTC011494	VAISHNAVI METAL AND POWER PRIVATE LIMITED	Additional director	05/11/2014	05/11/2014	-	Active	NO
19	U00132JH1995PTC006426	SUTHERPUR MINERALS PRIVATE LIMITED	Additional director	05/11/2014	05/11/2014	-	Under Process of Striking off	NO
20	U27105WB2007PTC120017	VISHWARUPA ISPAT PRIVATE LIMITED	Director	01/12/2014	01/12/2014	-	Active	NO
21	U67190WB2010PTC154275	VISHWARUPA SECURITIES PRIVATE LIMITED	Director	01/12/2014	01/12/2014	-	Active	NO
22	U18204WB2010PTC150149	VISHWARUPA FASHIONS PRIVATE LIMITED	Director	01/12/2014	01/12/2014	-	Active	NO
23	U60231WB2010PTC150150	VISHWARUPA LOGISTICS PRIVATE LIMITED	Director	15/12/2014	15/12/2014	-	Active	NO

MAJOR SHAREHOLDERS

AS ON 30.09.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Sanjay Kumar Singh	5000	50.00
Amit Kumar Ganguly	2500	25.00
Sajjan Kumar Hakim	2500	25.00
Total	10000	100.00

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader of Iron and Steel.

Products :	Iron Steel

Brand Names :	Not Available

Agencies Held :	Not Available

Exports :	Not Available

Imports :	Not Available

Terms :
Selling :	Cash and Credit

Purchasing :	Cash and Credit

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Concast Exim Limited
Name of the Person :	Not Divulged
Contact No.:	91-33-22485053 (Management Non-Cooperative)
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

Wholesalers

Reference :	EMC Limited
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 :

50 (Approximately)

Bankers :

Bank Name	State Bank of India
Branch	Park Street, Kolkata, West Bengal, India
Person Name (With Designation)	Not Divulged
Contact Number	91-33-22653680 (Management Non-Cooperative)
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

UCO Bank, N S Road, Branch Kolkata, India

Auditors :
Name :	D.N. Gupta and Associates Chartered Accountants
Address :	10, G. C. Avenue, 5^th Floor, Kolkata – 700013, West Bengal, India
PAN. No.:	AAGFD7545K

Memberships :	Not Available

Collaborators :	Not Available

Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital:

No. of Shares	Type	Value	Amount

1000000	Equity Shares	Rs.10/- each	Rs. 10.000 Million

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount

10000	Equity Shares	Rs.10/- each	Rs. 0.100 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	0.100	0.100	0.100
(b) Reserves & Surplus	(1.664)	0.076	(0.018)
(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)	(1.564)	0.176	0.082

(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	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	0.000	0.000	0.000

(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	8576.994	8464.137	0.445
(c) Other current liabilities	17.802	0.030	0.002
(d) Short-term provisions	0.042	0.042	0.000
Total Current Liabilities (4)	8594.838	8464.209	0.447

TOTAL	8593.274	8464.385	0.529

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000	0.000	0.000
(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	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	0.007	0.010	0.013
Total Non-Current Assets	0.007	0.010	0.013

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	26.659	277.425	0.346
(c) Trade receivables	8564.723	8175.593	0.035
(d) Cash and cash equivalents	1.860	0.791	0.118
(e) Short-term loans and advances	0.000	0.000	0.000
(f) Other current assets	0.025	10.566	0.017
Total Current Assets	8593.267	8464.375	0.516

TOTAL	8593.274	8464.385	0.529

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income			0.085
	Other Income			0.000
	TOTAL (A)	12280.007	8041.119	0.085

Less	EXPENSES
	Cost of Materials Consumed			0.000
	Purchases of Stock-in-Trade			0.428
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade			(0.346)
	Administrative and Other Expenses			0.019
	Other expenses
	TOTAL	12281.747 (Including Finance and Depreciation Expenses)	8040.984 (Including Finance and Depreciation Expenses)	0.101

Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION			(0.016)

Less	FINANCIAL EXPENSES			0.002

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION			(0.018)

Less/ Add	DEPRECIATION/ AMORTISATION			0.000

	PROFIT/ (LOSS) BEFORE TAX	(1.740)	0.135	(0.018)

Less	TAX	0.000	0.042	0.000

	PROFIT/ (LOSS) AFTER TAX	(1.740)	0.093	(0.018)

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	0.075	(0.018)	0.000

	Balance Carried to the B/S	(1.665)	0.075	(0.018)

	Earnings / (Loss) Per Share (Rs.)	(174.00)	9.30	(1.80)

Particulars

31.03.2015

Sales Turnover (Approximately)

12000.000

Expected Sales (2015-16): Rs.20000.000 Million

The above information has been parted by Mr. Sanjay Kumar Singh (Director).

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	1.066	0.670	0.020

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	(0.01)	0.00	(21.18)

Operating Profit Margin (PBDIT / Sales)	(%)	NA	NA	(18.82)

Return on Total Assets (PBT/Total Assets}	(%)	(0.02)	0.00	(3.40)

Return on Investment (ROI) (PBT/Networth)		1.11	0.77	(0.22)

Debt Equity Ratio (Total Debt/Networth)		0.00	0.00	0.00

Current Ratio (Current Asset/Current Liability)		1.00	1.00	1.15

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	0.100	0.100	0.100
Reserves & Surplus	(0.018)	0.076	(1.664)
Net worth	0.082	0.176	(1.564)

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

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	0.085	8041.119	12280.007
		9,460,040.000	52.715

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	0.085	8041.119	12280.007
Profit	(0.018)	0.093	(1.740)
	(21.18%)	0.00%	(0.01%)

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	Yes
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	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	Yes
19	Major customers	Yes
20	Banking Details	Yes
21	Banking facility details	No
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 about three years and five months	Yes
27	Reasons for variation <> 20%	----------------------
28	Estimation for coming financial year	Yes
29	Profitability about 2 years five months	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

Note:

Registered address has been shifted from the 25, Ganesh Chandra Avenue 4^th Floor, Kolkata – 700013, West Bengal, India to the present address w.e.f. 14.02.2014

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

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.65.15
UK Pound	1	Rs.99.78
Euro	1	Rs.73.32

INFORMATION DETAILS

Information Gathered by :	KMN

Analysis Done by :	KYP

Report Prepared by :	PNM

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	---
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	---
--CREDIT LINES	1~10	---
--MARGINS	-5~5	---
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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		12

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.

MIRA INFORM REPORT

NA

Unit