MIRA INFORM REPORT

Report No. :	345450
Report Date :	17.10.2015

IDENTIFICATION DETAILS

Name :	TRANSOCEANIC AGRO COMM PRIVATE LIMITED (w.e.f. 13.03.2015)
Formerly known as :	RAGUNATH OILS AND FATS PRIVATE LIMITED
Registered Office :	600, 6^th Floor, Gopal Heights, D-9, Netaji Subhash Place, Pitam Pura, Delhi – 110034
Tel. No.:	91-11-47279913
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	14.12.1990
Com. Reg. No.:	55-042395
Capital Investment / Paid-up Capital :	Rs. 5.806 Million
CIN No.: [Company Identification No.]	U74899DL1990PTC042395
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	DELR09452C
PAN No.: [Permanent Account No.]	AAACR0361G
Legal Form :	Private Limited Liability Company
Line of Business :	Trader and Importer of Vegetable Oil.
No. of Employees :	12 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (44)

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

Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject was incorporated in the year 1990. It is trader and importer of vegetable oil. For the FY 2014, the company has earned profit of Rs. 28.320 Million which has increased from Rs. 22.320 Million as compared to previous year. The company possesses decent net worth base marked by decent cash accruals but there is unfavorable gap between trade payables and receivables. Trade relations are fair. Business is active. Payments are slow but correct. The company can be considered for business dealings at usual trade terms and conditions.

NOTES :

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

ECGC Country Risk Classification List – March 31, 2015

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

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

EXTERNAL AGENCY RATING

NOT AVAILABLE

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

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

INFORMATION PARTED BY (GENERAL DETAILS)

Name :	Mr. Joshi
Designation :	Accountant
Contact No.:	91-11-47279913
Date :	15.10.2015

LOCATIONS

Registered Office :	600, 6^th Floor, Gopal Heights, D-9, Netaji Subhash Place, Pitam Pura, Delhi – 110034, India
Tel. No.:	91-11-47279913
Mobile No.:	91-9810009847 (Mr. Sumit)
Fax No.:	91-11-47279913
E-Mail :	joshi@tacpl.com cannilbajaj@gmail.com
Branch Office :	360, Kothi Feiz, Backside Octroi Check Post, Sri Ganga Nagar Road, Abohar, Fazilika -152123 Punjab, India
Tel. No.:	91-1634-229011

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Krishan Arora

Designation :

Director

Address :

D-13A/27, Model Town-II, New Delhi - 110009, India

Date of Birth/Age :

22.12.1944

Date of Appointment :

03.01.1991

PAN No. :

ACCPA9088L

DIN No.:

00267857

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	U74899DL1984PTC017626	RAGHUNATH (AGENCIES) PRIVATE LIMITED	Director	10/07/2000	10/07/2000	-	Active	NO
2	U45400DL2007PTC170610	HIMLAND BUILDCON PRIVATE LIMITED	Director	21/11/2007	21/11/2007	-	Amalgamated	NO
3	U45400DL2007PTC170611	AADARSH VILLAS PRIVATE LIMITED	Director	21/11/2007	21/11/2007	29/06/2013	Active	NO
4	U45201DL2005PTC138534	ORIENTAL BUILDTECH PRIVATE LIMITED	Director	30/08/2008	31/12/2007	-	Active	NO
5	U74899DL1976PTC008372	MOON SHINE ENTERTAINMENT PRIVATE LIMITED	Director	28/08/2008	09/01/2008	-	Active	NO
6	U74120DL2008PTC176074	ROSEVIEW FINANCE AND INVESTMENT PRIVATE LIMITED	Director	28/03/2008	28/03/2008	05/05/2011	Active	NO
7	U45400DL2008PTC180536	ARIHANT VILLAS PRIVATE LIMITED	Director	07/07/2008	07/07/2008	31/03/2011	Active	NO
8	U74899DL1990PTC042395	TRANSOCEANIC AGRO COMM PRIVATE LIMITED	Director	01/12/2008	01/12/2008	-	Active	NO
9	U51101DL2009PTC264765	NAVRATRA VINIMAY PRIVATE LIMITED	Director	17/05/2010	17/05/2010	-	Amalgamated	NO
10	U70101DL2009PTC195368	ORIENT BUILDTECH PRIVATE LIMITED	Director	27/09/2011	01/10/2010	-	Active	NO

Name :

Mr. Sumit Arora

Designation :

Director

Address :

D-13A/27, Model Town-II, New Delhi - 110009, India

Date of Appointment :

01.12.2008

PAN No. :

AERPA6890B

DIN No.:

00267831

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	U74899DL1984PTC017626	RAGHUNATH (AGENCIES) PRIVATE LIMITED	Director	10/07/2000	10/07/2000	-	Active	NO
2	U45400DL2007PTC170610	HIMLAND BUILDCON PRIVATE LIMITED	Director	21/11/2007	21/11/2007	-	Amalgamated	NO
3	U45400DL2007PTC170611	AADARSH VILLAS PRIVATE LIMITED	Director	21/11/2007	21/11/2007	29/06/2013	Active	NO
4	U45201DL2005PTC138534	ORIENTAL BUILDTECH PRIVATE LIMITED	Director	30/08/2008	31/12/2007	-	Active	NO
5	U74899DL1976PTC008372	MOON SHINE ENTERTAINMENT PRIVATE LIMITED	Director	28/08/2008	09/01/2008	-	Active	NO
6	U74120DL2008PTC176074	ROSEVIEW FINANCE AND INVESTMENT PRIVATE LIMITED	Director	28/03/2008	28/03/2008	05/05/2011	Active	NO
7	U45400DL2008PTC180536	ARIHANT VILLAS PRIVATE LIMITED	Director	07/07/2008	07/07/2008	31/03/2011	Active	NO
8	U74899DL1990PTC042395	TRANSOCEANIC AGRO COMM PRIVATE LIMITED	Director	01/12/2008	01/12/2008	-	Active	NO
9	U51101DL2009PTC264765	NAVRATRA VINIMAY PRIVATE LIMITED	Director	17/05/2010	17/05/2010	-	Amalgamated	NO
10	U70101DL2009PTC195368	ORIENT BUILDTECH PRIVATE LIMITED	Director	27/09/2011	01/10/2010	-	Active	NO

Name :

Mr. Sunil Arora

Designation :

Director

Address :

D-13A/27, Model Town-II, New Delhi - 110009, India

Date of Birth/Age :

12.05.1958

Date of Appointment :

14.12.1990

PAN No. :

AAAPA3869M

DIN No.:

01304212

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	Company/ LLP Status	Defaulting status
1	U74899DL1984PTC017626	RAGHUNATH (AGENCIES) PRIVATE LIMITED	Director	01/10/1984	01/10/1984	Active	NO
2	U74899DL1990PTC042395	TRANSOCEANIC AGRO COMM PRIVATE LIMITED	Director	14/12/1990	14/12/1990	Active	NO
3	U25209DL1996NPL078182	THE CENTRAL ORGANISATION FOR OIL INDUSTRY AND TRADE	Director	22/09/2006	22/09/2006	Active	NO
4	U51101DL2009PTC264765	NAVRATRA VINIMAY PRIVATE LIMITED	Director	17/05/2010	17/05/2010	Amalgamated	NO

KEY EXECUTIVES

Name :	Mr. Joshi
Designation :	Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares
Sunil Arora	10474
Sangeeta Arora	5003
Krishan Arora	15467
Alka Arora	6
Sushil Wati	6
Sumit Arora	13517
Vertika Arora	17
Bhanu Arora	3505
Reenma Arora	5005
Shruti Arora	5000
Deepika Arora	50
Prakash Kumar Jai Singhani	10
Total	58060

AS ON 31.03.2015

Names of Allottees	No. of Shares
Krishan Arora Service	1300
Sunil Arora Service	1790
Sumit Arora Service	1650
Total	4740

AS ON 30.09.2014

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader and Importer of Vegetable Oil.
Brand Names :	--
Agencies Held :	--
Exports :	--
Imports :
Products :	Vegetable Oil
Countries :	· Indonesia · Malaysia · Brazil · Argentina
Terms :
Selling :	Cash, L/C and Credit
Purchasing :	Cash, L/C and Credit

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	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 (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

No. of Employees :

12 (Approximately)

Bankers :

Bank Name:	Standard Chartered Bank
Branch:	Sansad Marg, Connaught Place, 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 A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

· DBS Bank Limited

Apital Point, Baba Kharak Singh Marg, Connaught Place, New Delhi - 110001, India

· Standard Chartered Bank

10, Parliament Street, New Delhi - 110001, India

· Tamilnad Mercantile Bank Limited

384-390, First Floor, Loke Nath Building, Loke Nath Building, Chandni Chowk, Delhi - 110006, India

· Vijaya Bank

Overseas Delhi Branch, Vijaya Building, 17, Barakhamba Road, Reparporation), Delhi – 110001, India

· Yes Bank Limited

9^th Floor, Nehru Centre, Discovery of India, dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India

Auditors :
Name :	Sunil Anil and Associates Chartered Accountants
Address :	303, Pal Mohan Mansion, 26/34 East Patel Nagar, New Delhi - 110008
Income-tax PAN of auditor or auditor's firm :	AAAFS1585N
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

AFTER 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
150,000	Equity Shares	Rs. 100/- each	Rs. 15.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
62,800	Equity Shares	Rs. 100/- each	Rs. 6.280 Million

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
100,000	Equity Shares	Rs. 100/- each	Rs. 10.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
58,060	Equity Shares	Rs. 100/- each	Rs. 5.806 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	5.806	5.806	5.806
(b) Reserves & Surplus	94.464	66.095	43.692
(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)	100.270	71.901	49.498
(3) Non-Current Liabilities
(a) Long-term borrowings	61.904	59.792	56.690
(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)	61.904	59.792	56.690
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	1.500
(b) Trade payables	1117.167	873.643	902.774
(c) Other current liabilities	0.243	0.746	54.709
(d) Short-term provisions	2.644	0.608	0.283
Total Current Liabilities (4)	1120.054	874.997	959.266
TOTAL	1282.228	1006.690	1065.454
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	25.694	27.267	27.795
(ii) Intangible Assets	0.200	0.200	0.200
(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	5.588	4.587	4.587
(c) Deferred tax assets (net)	0.000	0.047	0.047
(d) Long-term Loan and Advances	11.975	6.438	1.182
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	43.457	38.539	33.811
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	351.682	302.440	246.350
(d) Cash and cash equivalents	852.259	589.150	767.476
(e) Short-term loans and advances	13.457	55.758	1.067
(f) Other current assets	21.373	20.803	16.750
Total Current Assets	1238.771	968.151	1031.643
TOTAL	1282.228	1006.690	1065.454

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Turnover	4299.824	3323.328	2661.359
		Other Income	NA	NA	NA
		TOTAL	NA	NA	NA
Less	EXPENSES
		TOTAL	NA	NA	NA
	PROFIT/ (LOSS) BEFORE TAX		NA	NA	NA
Less	TAX		NA	NA	NA
	PROFIT/ (LOSS) AFTER TAX		28.321	22.322	18.729
	Earnings Per Share (Rs.)		487.79	384.46	322.58

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 Flow from used in Operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	336.81	331.65	250.88
Return on Investment (ROI) (PBT/Networth)		42.88	46.22	53.77
Debt Equity Ratio (Total Debt/Networth)		0.62	0.83	1.18
Current Ratio (Current Asset/Current Liability)		1.11	1.11	1.08

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	5.806	5.806	5.806
Reserves & Surplus	43.692	66.095	94.464
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	49.498	71.901	100.270
Long-term borrowings	56.690	59.792	61.904
Short term borrowings	1.500	0.000	0.000
Total borrowings	58.190	59.792	61.904
Debt/Equity ratio	1.176	0.832	0.617

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)
Turnover	2661.359	3323.328	4299.824
		24.873	29.383

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Turnover	2661.359	3323.328	4299.824
Profit	18.729	22.322	28.321
	0.70%	0.67%	0.66%

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)	Yes
16	No. of employees	Yes
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10578934	08/07/2015	152,500,000.00	DBS BANK LIMITED	CAPITAL POINT, BABA KHARAK SINGH MARG, CONNAUGHT  PLACE, NEW DELHI - 110001, INDIA	C58420811
2	10556576	26/02/2015	200,000,000.00	TAMILNAD MERCANTILE BANK LIMITED	384-390, FIRST FLOOR, LOKE NATH BUILDING, LOKE NATH BUILDING, CHANDNI CHOWK, DELHI - 110006,  INDIA	C47513577
3	10561810	22/12/2014	522,850,000.00	STANDARD CHARTERED BANK	10, PARLIAMENT STREET, NEW DELHI - 110001, INDIA	C50226232
4	10482814	17/02/2014	200,000,000.00	VIJAYA BANK	OVERSEAS DELHI BRANCH, VIJAYA BUILDING,17,BARAKHAMBA ROAD(REARPORTION), DELHI - 110001, INDIA	B98580319
5	10378789	19/12/2013 *	230,000,000.00	THE RATNAKAR BANK LIMITED	SHAHUPURI,KOLHAPUR,, VYPARI PETH, KOLHAPUR - 416001, MAHARASHTRA, INDIA	B96095864
6	10371105	30/07/2012	1,035,000,000.00	STANDARD CHARTERED BANK	10, PARLIAMENT STREET, NEW DELHI - 110001, INDIA	B55860464
7	10347489	08/07/2015 *	250,000,000.00	DBS BANK LIMITED	CAPITAL POINT, BABA KHARAK SINGH MARG, CONNAUGHT  PLACE, NEW DELHI - 110001, INDIA	C58416504
8	10274235	25/01/2014 *	150,500,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR.  ANNIE BESANT ROAD, WORLI, MUMBAI -  400018, MAHARASHTRA, INDIA	B96394382
9	10181905	24/01/2014 *	1,035,000,000.00	STANDARD CHARTERED BANK	10, PARLIAMENT STREET, NEW DELHI - 110001,  INDIA	B95036935

* Date of charge modification

UNSECURED LOANS

PARTICULARS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG-TERM BORROWINGS
Intercorporate borrowings	17.500	0.000
Loans and advances from Others	44.404	59.198
Other loans and advances	0.000	0.594
Total	61.904	59.792

CHANGE OF ADDRESS:

The Registered Office of the Company has been shifted from B-169, Gujranwala Town, Part-I, New Delhi – 110009, India to the present address w.e.f. 06.05.2011.

FINANCIAL RESULTS:

During the year, the Company has achieved a turnover of Rs.4299.824 Million as against Rs.3323.328 Million during the previous year. The company has earned a profit of Rs.48.778 Million as against profit of Rs.38.446 Million in the previous year.

FIXED ASSETS:

· Buildings

· Furniture and Fixtures

· Vehicles

· Office Equipment

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.64.97
UK Pound	1	Rs.100.55
Euro	1	Rs.73.99

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	AMR
Report Prepared by :	ARC

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	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	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		44

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	--

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.