MIRA INFORM REPORT

Report No. :	345007
Report Date :	17.10.2015

IDENTIFICATION DETAILS

Name :	KLJ RESOURCES LIMITED (w.e.f. 16.01.1991)
Formerly Known As :	JAINSONS RESOURCES LIMITED
Registered Office :	Shantiniketan Building, Suite No.22, Ground Floor, 8, Camac Street, Kolkata – 700017, West Bengal
Tel. No.:	91-33-22823851
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	24.11.1986
Com. Reg. No.:	21-041487
Capital Investment / Paid-up Capital :	Rs.71.600 Million
CIN No.: [Company Identification No.]	L67120WB1986PLC041487
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	CALK03240G
PAN No.: [Permanent Account No.]	AABCK1181C
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Manufacturer and Trader of Chemicals.
No. of Employees :	110 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

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

Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is a part of KLJ group, incorporated in the year 1986, having satisfactory track record. For the FY 2014, the company has achieved decent sales turnover marked by profitability margin of 1.73%. The company possesses healthy financial risk profile marked by good networth base and adequate cash accruals but there is unfavourable gap between trade payables and receivables. Trade relations are fair. Business is active. Payment are usually correct. In view of long track record, the company can be considered for business dealings at usual trade terms and conditions. Note: As per Director’s report the equity shares of the company are listed on the Calcutta stock exchange situated at Kolkata (West Bengal). As per circular CIR/MRD/DSA/14/2012 Date 30.05.2012 issued by the SEBI in respect of exit policy for De-recognized/Non-operational Stock Exchanges.

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	CRISIL
Rating	Long term rating = A
Rating Explanation	Adequate degree of safety and low credit risk.
Date	10.06.2015

Rating Agency Name	CRISIL
Rating	Short term rating = A1
Rating Explanation	Very strong degree of safety and carry lowest credit risk.
Date	10.06.2015

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. Ashish Marwah
Designation :	Finance Manager
Contact No.:	91-11-41427427
Date :	13.10.2015

LOCATIONS

Registered Office :	Shantiniketan Building, Suite No.22, Ground Floor, 8, Camac Street, Kolkata – 700017, West Bengal
Tel. No.:	91-33-22823851
Fax No.:	Not Available
E-Mail :	praveen@kljindia.com krl@kljindia.com
Website :	www.kljindia.com
Corporate Office 1 :	KLJ House, 63, Rama Marg, Najafgarh Road, New Delhi – 110 015, India
Tel. No.:	91-11-25459706
Fax No.:	91-11-25459709
Corporate Office 2 :	KLJ Complex, 70/B-39, Shivaji Marg, Najafgarh Road, New Delhi - 110 015, India
Tel. No.:	91-11-49207300
Fax No.:	91-11-25935730
Factory :	Located at: · Silvassa, (Union Territory of Dadra and Nagar Haveli), India

DIRECTORS

As on 29.09.2014

Name :

Mr. Hemant Jain

Designation :

Managing Director

Address :

6-B/9,N.E.A, Old Rajinder Nagar, New Delhi - 110060, India

Date of Birth/Age :

18.08.1971

Date of Appointment :

01.04.2014

DIN No.:

00506995

Name :

Mr. Gulshan Rai Kanwal

Designation :

Director

Address :

House No-4, Road No-4, Punjabi Bagh, Extension S.O. West Delhi, Delhi - 110026, India

Date of Appointment :

31.03.2015

DIN No.:

07145698

Name :

Mr. Sukh Raj Sethia

Designation :

Director

Address :

M-1/A-1, Lajpat Nagar-2, New Delhi - 110024, India

Date of Appointment :

31.03.2015

DIN No.:

01517777

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	U22219DL2004PTC128174	GALAXY CREATIONS PRIVATE LIMITED	Director	02/04/2007	02/04/2007	-	Active	NO
2	U15400DL2008PTC184141	HIM SAGAR SWEETS PRIVATE LIMITED	Additional director	24/06/2009	24/06/2009	06/07/2009	Active	NO
3	L67120WB1986PLC041487	KLJ RESOURCES LIMITED	Director	31/03/2015	31/03/2015	-	Active	NO

Name :

Ms. Kalpana Seth

Designation :

Director

Address :

C-37, Block-C, Rama Park, New Delhi - 110059, India

Date of Birth/Age :

21.09.1962

Date of Appointment :

29.09.2014

DIN No.:

06949098

Name :

Mr. Sudeep Mehta

Designation :

Director

Address :

Plot No.45, Shanti Niketan Colony, Mahendra Hills, East Marredpally, Secunderabad, Hyderabad - 500026, Telangana, India

Date of Birth/Age :

21.02.1970

Date of Appointment :

29.09.2012

DIN No.:

00483072

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	U74210TG1994PTC019032	SUMAX ENGINEERING PRIVATE LIMITED	Managing director	21/12/1994	21/12/1994	-	Active	NO
2	L25209AP1978PLC002334	KLJ PLASTICS LIMITED	Director	16/12/2004	16/12/2004	18/08/2014	Active	NO
3	U72200AP1992PTC014061	IP CORE SOLUTIONS (INDIA) PRIVATE LIMITED	Additional director	15/10/2007	15/10/2007	01/05/2009	Active	NO
4	L67120WB1986PLC041487	KLJ RESOURCES LIMITED	Director	29/09/2012	01/03/2008	-	Active	NO
5	U34101TG2012PTC079468	AUTOKROM INDIA PRIVATE LIMITED	Managing director	20/03/2013	20/03/2013	-	Active	NO

Name :

Mr. Dilip Kumar Karan

Designation :

Director

Address :

63, Rama Marg, New Delhi - 110015, India

Date of Birth/Age :

06.02.1953

Date of Appointment :

10.10.1997

DIN No.:

00061804

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	L67120WB1986PLC041487	KLJ RESOURCES LIMITED	Director	10/10/1997	10/10/1997	-	Active	NO
2	U51495DL1998PTC092469	PRIYATAM TRADERS PRIVATE LIMITED	Director	25/08/2005	25/08/2005	-	Active	NO
3	U51909DL1998PTC092195	ASHULOK STEEL TRADERS PRIVATE LIMITED	Director	27/09/2006	14/07/2006	-	Active	NO
4	U45201DL2006PTC144827	HM BUILDCON PRIVATE LIMITED	Director	25/09/2006	14/07/2006	-	Active	NO
5	U51909DL1997PTC091106	HAMLOG TRADERS PRIVATE LIMITED	Director	27/09/2006	17/08/2006	-	Active	NO
6	U51495DL1998PTC092417	HAMLOG PLASTIC GOODS PRIVATE LIMITED	Director	25/09/2006	25/08/2006	-	Active	NO
7	U45201DL2006PTC144844	HP BUILDWELL PRIVATE LIMITED	Director	29/09/2007	05/03/2007	-	Amalgamated	NO
8	U45201DL2006PTC144846	JM BUILDWELL PRIVATE LIMITED	Director	29/09/2007	05/03/2007	-	Active	NO
9	U45201DL2005PTC143313	SMV BUILDWELL PRIVATE LIMITED	Director	29/09/2007	05/03/2007	-	Active	NO
10	U45201DL2006PTC144845	HA BUILDWELL PRIVATE LIMITED	Director	29/09/2007	05/03/2007	-	Active	NO
11	U45201DL2006PTC144848	AP BUILDCON PRIVATE LIMITED	Additional director	05/03/2007	05/03/2007	25/07/2007	Active	NO
12	U45201DL2006PTC144849	PP DEVCON PRIVATE LIMITED	Additional director	05/03/2007	05/03/2007	30/07/2007	Active	NO
13	U24224OR1991PTC002967	SHREE PIGMENTS PRIVATE LIMITED	Director	30/09/2007	20/03/2007	-	Strike off	NO
14	U51909WB2007PTC117810	PRAGATI TRADECOM PRIVATE LIMITED	Director	14/08/2007	14/08/2007	-	Active	NO
15	U70101DL1998PTC092321	SUBHANKAR ESTATE PRIVATE LIMITED	Director	29/09/2007	15/09/2007	-	Active	NO
16	U70200DL2008PTC173571	DM REALTY DEVELOPERS PRIVATE LIMITED	Director	05/02/2008	05/02/2008	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Praveen Sharma
Designation :	Company Secretary
Address :	K-117, Kirti Nagar, New Delhi - 110015, India
Date of Birth/Age :	13.09.1965
Date of Appointment :	01.04.2009
PAN No.:	ALQPS6513F
Name :	Mr. Trilok Chand Aggarwal
Designation :	Chief Financial Officer
Address :	B-601, Satisar Apartments, Sector-7, Dwarka, New Delhi, 110075, India
Date of Appointment :	29.05.2015
PAN No.:	AAKPA6216A

MAJOR SHAREHOLDERS

As on 29.09.2014

SHAREHOLDER DETAILS FILE ATTACH

As on 29.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	46.93
Directors or relatives of Directors	52.12
Other top fifty shareholders	0.43
Others	0.52
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Trader of Chemicals.

Products :

Product Description	Item Code No. (ITC Code)
Wax. Other Mineral Waxes Obtained By Synthsis, W/N Cleared	27122010

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Products :

Chemical

Countries :

• Malaysia
• Korea
• Singapore
• Saudi Arabia
• United States of America
• European Countries
• China

Terms :

Selling :

Advance Payment and L/C

Purchasing :

Advance Payment and L/C

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
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

Wholesalers and Retailers

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

No. of Employees :

110 (Approximately)

Bankers :

Banker Name	State Bank of India (Lead Bank)
Branch Address	Commercial Branch, N-3, South Extension Part-I, New Delhi - 110049, Delhi, 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

· Punjab National Bank, Bo : Large Corporate Branch, Tolstoy House, Tolstoy Marg, New Delhi - 110001, India

· State Bank of India (Mid Corporate Loan Administrative Unit), 2nd Floor, Chandni Chowk, Delhi - 110006, India

· State Bank of India, Commercial Branch, A-5 South Extension Part-I, New Delhi - 110048, India

· HDFC Bank Limited, HDFC Bank House senapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India

· Bank of Baroda

· Dena Bank

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Loans taken for fixed assets	6.711	0.000
SHORT TERM BORROWING
Rupee term loans from banks	255.216	571.656
Total	261.927	571.656

Auditors :
Name :	R. Pugalia and Company Chartered Accountants
Address :	20 E, Lake Road, Kolkata – 700029, West Bengal, India
PAN No.:	AFUPP1211P
Memberships :	Not Available
Collaborators :	Not Available
Associates :	· KLJ Polymers And Chemicals Limited, India · KLJ Plasticizers Limited, India · KLJ Organic Limited, India · KLJ Organic (Thailand) Limited, Thailand · KLJ Developers Private Limited, India · HH Buildtech Private Limited, India · Hamlog Traders Private Limited, India · Kinetic Impex Limited, India · Pragya Enterprises Private Limited, India · Koyo Lift Systems India Private Limited · Hamlog Plastic Goods Private Limited · Priyatam Traders Private Limited

CAPITAL STRUCTURE

As on 29.09.2014

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
7160000	Equity Shares	Rs.10/- each	Rs.71.600 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	71.600	71.600	71.600
(b) Reserves & Surplus	1674.525	1383.731	1156.204
(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)	1746.125	1455.331	1227.804
(3) Non-Current Liabilities
(a) long-term borrowings	6.711	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	104.608	105.447	88.248
(d) long-term provisions	5.014	4.932	5.763
Total Non-current Liabilities (3)	116.333	110.379	94.011
(4) Current Liabilities
(a) Short term borrowings	381.684	748.289	443.576
(b) Trade payables	2628.613	5168.086	3976.246
(c) Other current liabilities	88.721	113.380	57.135
(d) Short-term provisions	15.500	2.516	0.000
Total Current Liabilities (4)	3114.518	6032.271	4476.957
TOTAL	4976.976	7597.981	5798.772
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	111.578	101.071	50.510
(ii) Intangible Assets	1.078	0.122	0.203
(iii) Capital work-in-progress	0.000	0.000	15.287
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	15.153	15.153	15.153
(c) Deferred tax assets (net)	4.783	3.549	4.772
(d) Long-term Loan and Advances	19.246	18.686	14.123
(e) Other Non-current assets	111.291	92.797	79.041
Total Non-Current Assets	263.129	231.378	179.089
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	1702.937	4173.526	3158.267
(c) Trade receivables	2117.523	2574.930	1959.646
(d) Cash and cash equivalents	447.754	391.409	326.145
(e) Short-term loans and advances	388.671	212.084	164.781
(f) Other current assets	56.962	14.654	10.844
Total Current Assets	4713.847	7366.603	5619.683
TOTAL	4976.976	7597.981	5798.772

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	16744.119	16702.745	11062.190
	Other Income	72.024	52.639	41.885
	TOTAL	16816.143	16755.384	11104.075
Less	EXPENSES
	Cost of Materials Consumed	754.954	801.447	22.887
	Purchases of Stock-in-Trade	12685.766	15942.232	11565.470
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	2416.774	(905.032)	(1119.156)
	Employees benefits expense	77.492	63.450	52.573
	Other expenses	335.029	349.233	259.766
	TOTAL	16270.015	16251.330	10781.540
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	546.128	504.054	322.535
Less	FINANCIAL EXPENSES	99.847	158.203	96.054
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	446.281	345.851	226.481
Less/ Add	DEPRECIATION/ AMORTISATION	10.122	8.101	4.687
	PROFIT/ (LOSS) BEFORE TAX	436.159	337.750	221.794
Less	TAX	145.365	110.222	69.787
	PROFIT/ (LOSS) AFTER TAX	290.794	227.528	152.007
	EARNINGS IN FOREIGN CURRENCY
	Export of Goods calculated on F.O.B. basis	62.170	618.854	659.712
	Insurance Claim	0.000	0.000	5.540
	TOTAL EARNINGS	62.170	618.854	665.252
	IMPORTS
	Materials (Chemicals)	11268.002	14156.519	9168.760
	Earnings / (Loss) Per Share (Rs.)	40.61	31.78	21.23

Particulars	31.03.2015
Sales Turnover (Approximately)	16000.000

Expected Sales (2015-16): Rs.16000.000 Million

The above information has been parted by Mr. Ashish Marwah (Finance manager).

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	1.288	0.000	0.000
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	847.650	98.805	(41.935)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	1.74	1.36	1.37
Operating Profit Margin (PBDIT / Sales)	(%)	3.26	3.02	2.92
Return on Total Assets (PBT/Total Assets}	(%)	8.80	4.46	3.85
Return on Investment (ROI) (PBT/Networth)		0.25	0.23	0.18
Debt Equity Ratio (Total Debt/Networth)		0.22	0.51	0.36
Current Ratio (Current Asset/Current Liability)		1.51	1.22	1.26

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	71.600	71.600	71.600
Reserves & Surplus	1156.204	1383.731	1674.525
Net worth	1227.804	1455.331	1746.125
long-term borrowings	0.000	0.000	6.711
Short term borrowings	443.576	748.289	381.684
Current Maturities of Long Term Debt	0.000	0.000	1.288
Total borrowings	443.576	748.289	389.683
Debt/Equity ratio	0.361	0.514	0.223

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	11062.190	16702.745	16744.119
		50.989	0.248

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	11062.190	16702.745	16744.119
Profit	152.007	227.528	290.794
	1.37%	1.36%	1.74%

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	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)	Yes
16	No. of employees	Yes
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 four years	Yes
27	Reasons for variation <> 20%	----------------------
28	Estimation for coming financial year	Yes
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	Yes
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

FINANCIAL PERFORMANCE

- The total revenue of the Company for Fiscal year 2014 stood Rs. 16816.100 Million as against Rs. 16755.300 Million for Fiscal year 2013.

- The net worth of Company increased by 19.99% from Rs. 1455.300 Million in Fiscal year 2013 to Rs. 1746.100 Million in Fiscal year 2014.

- The Earnings before Interest, Taxes, Depreciation and Amortization (EBIDTA) (before exceptional items) is Rs.538.800 Million in Fiscal year 2014.

- Profit after Tax (PAT) Rs.290.700 Million in Fiscal year 2014.

MANUFACTURING PLANT

The Company entered into manufacturing foray besides its trading activities and set up its plant at Silvassa, (Union Territory of Dadar & Nagar Haveli), India.

LISTING OF SECURITIES

The Equity Shares of the Company are listed on The Calcutta Stock Exchange Limited situated at Kolkata (West Bengal). As per the circular CIR/MRD/DSA/14/2012 dt. 30.05.2012 issued by the SEBI in respect of Exit Policy for De-recognized/ Non-operational Stock Exchanges.

At present the Calcutta stock exchange also not in operation but still this exchange is surviving till the next order/circular issued by the SEBI. Company considered this circular as an opportunity and your management has decided to go for direct listing with Bombay Stock Exchange and their management has already submitted the first application with Bombay Stock Exchange the company. Waiting for the required certificate from Calcutta Stock Exchange Kolkata for further proceedings.

The company will submit the detailed application with BSE as soon as possible.

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
SHORT TERM BORROWING
Loans and advances from related parties	49.891	46.431
Other loans and advances	76.577	130.202
Total	126.468	176.633

INDEX OF CHARGES

S. NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10391785	02/11/2012 *	6,200,000,000.00	STATE BANK OF INDIA (LEAD BANK)	COMMERCIAL BRANCH, N-3, SOUTH EXTENSION PART-I, NEW DELHI - 110049, INDIA	B64749492

* Date of charge modification

FIXED ASSETS

· Land

· Buildings

· Office Building

· Factory Building

· Plant and Equipment

· Furniture and Fixtures

· Vehicles

· Motor Vehicles

· Office Equipment

· Computer Equipments

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration:

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration:

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime:

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws:

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards:

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government:

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package:

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report:

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.64.96
UK Pound	1	Rs.100.55
Euro	1	Rs.73.99

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	AMT
Report Prepared by :	PNM

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--MARGINS	-5~5	---
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	YES
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		50

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.