MIRA INFORM REPORT

Report No. :	340026
Report Date :	10.09.2015

IDENTIFICATION DETAILS

Name :	DHALL ENTERPRISES AND ENGINEERS PRIVATE LIMITED
Registered Office :	P.O. Saijpur Bogha, Naroda Road, Ahmedabad – 382345, Gujarat
Tel. No.:	91-79-22820372
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	30.09.2014
Com. Reg. No.:	04-001921
Capital Investment / Paid-up Capital :	Rs. 20.000 Million
CIN No.: [Company Identification No.]	U29259GJ1971PTC001921
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturing, Exporting and Importing of Textile processing and Finishing machinery.
No. of Employees :	250 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

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 :	Dhall Enterprise and Engineers Private Limited is promoted by the Ahmedabad-based Dhall and Chopra families. The company manufactures textile processing and finishing machineries. It is established company having satisfactory track record. Rating on company reflects decent financial risk profile, profitability and comfortable debt protection metrics. Also, the ratings reflects sound scale of operations in the competitive textile machinery industry. Rating further derive strength the extensive industry experience of the promoters and established relations with its customers and suppliers. Trade relations are fair. Business is active. Payments are reported to be usually correct. The company can be considered for the business dealings at usual terms and conditions.

NOTES :

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

ECGC Country Risk Classification List – March 31, 2015

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

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

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long term bank facilities = B+
Rating Explanation	Risk-prone-credit-quality and carries very high credit risk.
Date	25.11.2014

Rating Agency Name	CRISIL
Rating	Short term bank facilities = A4
Rating Explanation	Minimal degree of safety and very high credit risk.
Date	25.11.2014

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 31-03-2013.

INFORMATION PARTED BY GENERAL DETAILS)

Name :	Mr. Rajendra Dhall
Designation :	Chief Accountant
Contact No.:	91-9979860851
Date :	08.09.2015

LOCATIONS

Registered Office :	P.O. Saijpur Bogha, Naroda Road, Ahmedabad – 382345, Gujarat, India
Tel. No.:	91-79-22820372
Mobile No.:	91-9979860851 (Mr. Rajendra Dhall)
Fax No.:	91-79-22820225
E-Mail :	dhall@dhallgroup.com
Website :	www.dhallgroup.com
Area :	15000 Sq. ft.
Location :	Owned
Locality :	Commercial

DIRECTORS

As on 30.09.2014

Name :

Mr. Satish Bankaram Chopra

Designation :

Director

Address :

1-2,Goyal Intercity, Drive-In-Cinema, Ahmedabad, Gujarat

Date of Birth/Age :

01.02.1949

Date of Appointment :

01.12.2009

DIN No.:

00012263

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	U29259GJ1971PTC001921	DHALL ENTERPRISES AND ENGINEERS PVT LTD	Managing director	01/12/2009	01/12/1974	-	Active	NO
2	U51909GJ1987PTC009908	ALPHAVECTOR (INDIA)PRIVATE LIMITED	Director	28/08/1987	28/08/1987	-	Active	NO
3	U65910GJ1994PTC023032	DHALL INTERGRATED FINANCE PVT LTD	Director	16/09/1994	16/09/1994	-	Active	NO
4	U01403GJ2006PTC048913	GREEN LIFE AGROTECH PRIVATE LIMITED	Director	15/01/2010	15/01/2010	-	Active	NO

Name :

Mr. Ajay Surajprakash Dhall

Designation :

Director

Address :

54-Aditya Bunglows,B/H.Drive-In-Cinema, Ahmedabad – 380054, Gujarat, India

Date of Birth/Age :

29.08.1961

Date of Appointment :

31.07.1995

DIN No.:

00012277

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	U29259GJ1971PTC001921	DHALL ENTERPRISES AND ENGINEERS PVT LTD	Director	31/07/1995	31/07/1995	-	Active	NO
2	U17119GJ1988PTC011388	GUJARAT PTFE PROCESSORS PRIVATE LIMITED	Director	17/10/1998	17/10/1998	-	Active	NO

Name :

Mr. Sanjay Surajprakash Dhall

Designation :

Director

Address :

Vijay Park Society Navrangpura, Ahmedabad, Gujarat, India

Date of Birth/Age :

18.111962

Date of Appointment :

01.07.2005

DIN No.:

00012383

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	U17119GJ1988PTC011388	GUJARAT PTFE PROCESSORS PRIVATE LIMITED	Director	25/03/1989	25/03/1989	-	Active	NO
2	U29259GJ1971PTC001921	DHALL ENTERPRISES AND ENGINEERS PVT LTD	Director	01/07/2005	01/07/2005	-	Active	NO

Name :

Mr. Pankaj Surajprakash Dhall

Designation :

Director

Address :

Vijay Park Society Navrangpura, Ahmedabad, Gujarat, India

Date of Birth/Age :

31.031972

Date of Appointment :

01.07.2005

DIN No.:

00012396

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	U17119GJ1988PTC011388	GUJARAT PTFE PROCESSORS PRIVATE LIMITED	Director	31/07/1995	31/07/1995	-	Active	NO
2	U29259GJ1971PTC001921	DHALL ENTERPRISES AND ENGINEERS PVT LTD	Director	01/07/2005	01/07/2005	-	Active	NO

Name :

Mr. Ramesh Bankaram Chopra

Designation :

Director

Address :

21-22,Goyal Intercity Row House, Opposite T.V.Tower, Thaltej, Ahmedabad – 380052, Gujarat, India

Date of Birth/Age :

04.12.1946

Date of Appointment :

01.12.2009

DIN No.:

00015983

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	U29259GJ1971PTC001921	DHALL ENTERPRISES AND ENGINEERS PVT LTD	Managing director	01/12/2009	01/07/1973	-	Active	NO
2	U51909GJ1987PTC009908	ALPHAVECTOR (INDIA)PRIVATE LIMITED	Director	28/08/1987	28/08/1987	-	Active	NO
3	U65910GJ1994PTC023032	DHALL INTERGRATED FINANCE PVT LTD	Director	16/09/1994	16/09/1994	-	Active	NO
4	U01403GJ2006PTC048913	GREEN LIFE AGROTECH PRIVATE LIMITED	Director	15/01/2010	15/01/2010	-	Active	NO

Name :

Mr. Sachin Rameshbhai Chopra

Designation :

Director

Address :

21-22,Goyal Intercity Row House, Opposite T.V.Tower, Thaltej, Ahmedabad – 380052, Gujarat, India

Date of Birth/Age :

19.09.1975

Date of Appointment :

01.07.2005

DIN No.:

00060242

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	U29259GJ1971PTC001921	DHALL ENTERPRISES AND ENGINEERS PVT LTD	Director	01/07/2005	01/07/2005	-	Active	NO
2	U01403GJ2006PTC048913	GREEN LIFE AGROTECH PRIVATE LIMITED	Director	15/01/2010	15/01/2010	-	Active	NO
3	U74999DL2003PTC122939	NORTH END FOODS MARKETING PRIVATE LIMITED	Director	06/11/2012	06/11/2012	19/06/2014	Active	NO
4	U93090DL2009PTC193172	SOHAN LAL COMMODITY MANAGEMENT PRIVATE LIMITED	Director	06/11/2012	06/11/2012	19/06/2014	Active	NO
5	U67190TN2010PLC076750	HLF SERVICES LIMITED	Director	01/08/2013	01/08/2013	19/06/2014	Active	NO
6	U55204MH2013FTC249986	Burger King India Private Limited	Additional director	27/02/2014	27/02/2014	16/05/2014	Active	NO
7	U51909GJ1987PTC009908	ALPHAVECTOR (INDIA)PRIVATE LIMITED	Additional director	04/10/2014	04/10/2014	-	Active	NO

Name :

Mr. Vishal Rameshbhai Chopra

Designation :

Director

Address :

21-22,Goyal Intercity Row House, Opposite T.V.Tower, Thaltej, Ahmedabad – 380052, Gujarat, India

Date of Birth/Age :

11.11.1976

Date of Appointment :

01.07.2005

DIN No.:

00060257

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	U29259GJ1971PTC001921	DHALL ENTERPRISES AND ENGINEERS PVT LTD	Director	01/07/2005	01/07/2005	-	Active	NO
2	U01403GJ2006PTC048913	GREEN LIFE AGROTECH PRIVATE LIMITED	Director	15/01/2010	15/01/2010	-	Active	NO
3	U51909GJ1987PTC009908	ALPHAVECTOR (INDIA)PRIVATE LIMITED	Additional director	04/10/2014	04/10/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Rajendra Dhall
Designation :	Chief Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares
Ajay Surajprakash Dhall	25340
Sanjay Surajprakash Dhall	25220
Kiran Surajprakash Dhall	6920
Pankaj Surajprakash Dhall	17630
Ramesh Bankaram Chopra	13800
Satish Bankaram Chopra	11010
Usha Rameshchandra Chopra	7945
Anu Satish Chopra	13945
Ramesh Bankaram Chopra Huf	18960
Satish Bankaram Chopra Huf	27450
Sachin Rameshbhai Chopra	10945
Vishal Rameshbhai Chopra	10945
Twinkle Satish Chopra	4945
Natasha Satish Chopra	4945
Total	200000

Equity Share Break up (Percentage of Total Equity)

As on As on 30.09.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturing, Exporting and Importing of Textile processing and Finishing machinery.
Products :	Textile processing Finishing machinery
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :
Products :	Finished Goods
Countries :	Bangkok Bangladesh Indonesia Singapore Nigeria
Imports :
Products :	Raw Material
Countries :	Germany Canada France
Terms :
Selling :	Cash
Purchasing :	Cash and L/C

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Lakai 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

Customers :

Wholesalers, End Users and OEMs

Reference :	Arvind 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 :

250 (Approximately)

Bankers :

Bank Name	Central Bank of India
Branch	Mid corporate Finance Branch, 1^st Floor, Central Bank of India Building, Lal darwaja, Ahmedabad – 380001, Gujarat, India
Person Name (With Designation)	Not Divulged
Contact Number	91-79-25511119 (Continuously Ringing)
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

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Term loans
from banks
Central Bank Of India Term Loan A/Cno3266518382	1.191	0.000
Central Bank Of India(Term Loan CBI LD A/C No. 3069482596)	5.794	9.013
HDFC Bank Car Loan A/C	0.542	0.000
HDFC Bank Car Loan	0.145	0.000
HDFC Bank - EICHER Truck Loan	0.193	0.453
HDFC Bank - ERTIGA Car Loan0.102	0.102	0.386
HDFC Bank - Duster Car Loan	0.353	0.702
ICICI Bank - Mercedes Car Loan	0.924	2.206
HDFC Bank - WAGONR Car Loan	0.082	0.210
SHORT TERM BORROWING
Loans repayable on demand
from banks
Central Bank of India	45.430	38.284
Central Bank of India LD FDOD	19.012	19.026
Total	73.768	70.279

Auditors :
Name :	Ambalal Patel and Company Chartered Accountants
Address :	1st Floor, Sapphire Business Center, Above Sbi Vadaj Branch, Usmanpura, Ashram Road, Ahmedabad – 380013, Gujarat, India
PAN N Income-tax PAN of auditor or auditor's firm :	AABFA3490K
Memberships :	--
Collaborators :	--
Enterprise Over Which Key Management Personnel and Their Relative Exercise Significant Influence With Whom Transaction Have Taken Place During The Year :	TFE Coating Industries C D Finance Bharat Plastic and Bakellite Product Dhall Exports Gujarat PTFE Processors Private Limited Dhall Enterprise Dhall Integrated and Finance Private Limited

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
500,000	Equity Shares	Rs.100/- each	Rs. 50.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
200,000	Equity Shares	Rs.100/- each	Rs. 20.000 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	20.000	20.000	20.000
(b) Reserves & Surplus	23.261	19.514	16.121
(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)	43.261	39.514	36.121
(3) Non-Current Liabilities
(a) long-term borrowings	58.879	49.360	32.512
(b) Deferred tax liabilities (Net)	0.446	0.449	0.491
(c) Other long term liabilities	54.447	42.922	40.373
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	113.772	92.731	73.376
(4) Current Liabilities
(a) Short term borrowings	64.442	57.310	47.224
(b) Trade payables	95.718	85.272	87.009
(c) Other current liabilities	78.611	127.687	110.919
(d) Short-term provisions	6.761	5.027	3.763
Total Current Liabilities (4)	245.532	275.296	248.915
TOTAL	402.565	407.541	358.412
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	57.984	56.648	53.207
(ii) Intangible Assets	0.055	0.066	0.080
(iii) Capital work-in-progress	1.213	1.213	1.213
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.600	0.779	0.905
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	1.749	0.864	0.854
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	61.601	59.570	56.259
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	247.560	241.681	196.698
(c) Trade receivables	43.483	58.219	60.439
(d) Cash and cash equivalents	31.940	28.400	29.472
(e) Short-term loans and advances	16.495	19.671	15.544
(f) Other current assets	1.486	0.000	0.000
Total Current Assets	340.964	347.971	302.153
TOTAL	402.565	407.541	358.412

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	TOTAL TURNOVER	370.227	322.859	360.057
Less	EXPENSES
	TOTAL	355.409	309.676	347.934
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	14.818	13.183	12.123
Less/ Add	DEPRECIATION/ AMORTISATION	8.985	8.057	8.063
	PROFIT/ (LOSS) BEFORE TAX	5.833	5.126	4.060
Less	TAX	1.853	1.500	1.823
	PROFIT/ (LOSS) AFTER TAX	3.980	3.626	2.237
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	6.965	4.571	3.366
Less	APPROPRIATIONS
	Transfer to General Reserve	1.000	1.000	0.800
	Dividend	0.200	0.200	0.200
	Tax on Dividend	0.034	0.032	0.032
	Total	1.234	1.232	1.032
	Balance Carried to the B/S	9.711	6.965	4.571
	EARNINGS IN FOREIGN CURRENCY	10.005	NA	NA
	Earnings / (Loss) Per Share (Rs.)	19.9	18.13	11.19

Particulars	2014-2015
Sales Turnover (Approximately)	390.000

Expected Sales (2015-2016) : Rs.500.000 Million

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	7.852	6.545	0.726
Cash generated from operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	1.08	1.12	0.62
Return on Total Assets (PBT/Total Assets}	(%)	1.46	1.26	1.14
Return on Investment (ROI) (PBT/Networth)		0.13	0.13	0.11
Debt Equity Ratio (Total Debt /Networth)		3.03	2.87	2.23
Current Ratio (Current Asset/Current Liability)		1.39	1.26	1.21

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	20.000	20.000	20.000
Reserves & Surplus	16.121	19.514	23.261
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	36.121	39.514	43.261
long-term borrowings	32.512	49.360	58.879
Short term borrowings	47.224	57.310	64.442
Current maturities of long-term debts	0.726	6.545	7.852
Total borrowings	80.462	113.215	131.173
Debt/Equity ratio	2.228	2.865	3.032

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)
Total Turnover	360.057	322.859	370.227
		(10.331)	14.671

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Total Turnover	360.057	322.859	370.227
Profit	2.237	3.626	3.980
	0.62%	1.12%	1.08%

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)	Yes
16	No. of employees	Yes
17	Details of sister concerns	Yes
18	Major suppliers	Yes
19	Major customers	Yes
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	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

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Loans and advances from related parties
From Directors	19.154	11.611
From Shareholders	30.399	24.779
Total	49.553	36.390

INDEX OF CHARGES:

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10380744	18/09/2012	17,300,000.00	CENTRAL BANK OF INDIA	LAL DARWAJA BRANCH,, LAL DARWAJA,, AHMEDABAD, Gujarat - 380001, INDIA	B59762849
2	10191138	08/12/2009	1,150,000.00	CENTRAL BANK OF INDIA	CENTRAL BANK BUILDING, CORPORATE FINANCE BRANCH,  LAL DARWAJA,, AHMEDABAD, Gujarat - 380001, INDIA	A75388827
3	10047646	15/10/2013 *	292,900,000.00	CENTRAL BANK OF INDIA	Mid Corporate Finance Branch, 1st Floor,, Central  Bank of India Building, Lal Darwaja,, AHMEDABAD,  Gujarat - 380001, INDIA	B87192407
4	90107850	14/10/2013 *	212,100,000.00	CENTRAL BANK OF INDIA	Mid Corporate Finance Branch, 1st Floor,, Central  Bank of India Building, Lal Darwaja,, Ahmedabad,  Gujarat - 380001, INDIA	B87192050

*Date of charge modification

FIXED ASSETS

• Land
• Buildings
• Plant and Equipment
• 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.66.29
UK Pound	1	Rs.101.88
Euro	1	Rs.73.98

INFORMATION DETAILS

Information Gathered by :	KMN
Analysis Done by :	KSH
Report Prepared by :	ART

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		43

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.