MIRA INFORM REPORT

MIRA INFO REPORT

Report No. :	342739
Report Date :	28.09.2015

IDENTIFICATION DETAILS

Name :	ORACLE INDIA PRIVATE LIMITED

Registered Office :	F-01/02, First Floor, Salcon Rasvillas, Plot No.D-1, District Centre, Saket, New Delhi – 110017
Tel. No.:	91-11-47469000

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	18.01.1993

Com. Reg. No.:	55-051764

Capital Investment / Paid-up Capital :	Rs. 11.257 Million

CIN No.: [Company Identification No.]	U74899DL1993PTC051764

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 :	Subject is organized in the following business segments: Software License Sales Product and Technical Support Marketing Services Training and Education Services Consulting Services Information Technology Services Comprising of Software Development and IT Enabled Services.

No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Aaa (86)

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

Status :	Excellent

Payment Behavior :	Regular

Litigation :	Exist

Comments :	Subject is a software development company incorporated in India during the year 1993. It offers cloud solutions, mobile solutions, technology solutions, business solutions and industry solutions services. It is a wholly owned subsidiary of Oracle Corporation, USA, which is a Fortune 500 company with the brand name value of USD 22,888 million and enterprises value of USD 165,858 million. For the financial year ended 2014, company possesses strong financial position with decent profit margins, healthy networth base along with zero borrowings during the year and favourable liquidity profile of the company. Moreover, it is also to be noted company’s diversified business portfolio, established market position in information technology sector and decent brand recognition among the customer worldwide. Trade relations are trustworthy. Business is active. Payment terms are reported to be regular and as per commitments. In view of strong business backed by experienced management team and support from its holding company, subject 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

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 DECLINED

MANAGEMENT NON-CORPORATIVE

Contact No. 91-124-6226000

LOCATIONS

Registered Office :	F-01/02, First Floor, Salcon Rasvillas, Plot No.D-1, District Centre, Saket, New Delhi – 110017, India
Tel. No.:	91-11-47469000
Fax No.:	91-11-40574722
E-Mail :	ravindra.viswanath@oracle.com opil-secretarial_in@oracle.com
Website :	www.oracle.com

Sales Office :	Located at : Gurgaon New Delhi Mumbai Chennai Kolkata Bangalore Ahmedabad Pune

Representative Offices :	Located at : Bhopal Chandigarh Jaipur Lucknow

India Development Centers and Global Operations	Located at : Gurgaon Noida Mumbai Bangalore Chennai Pune Hyderabad Trivandrum Vijayawada

Branch Office :	Logix Techno Park, Tower- D , Level- 2 , 4 ,5 and 6, Plot No- 5, Noida Sector 127, Noida - 201303
Tel. No.:	91-120-6627000

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Gopala Ramanan Balasubramanian

Designation :

Director

Address :

46/2A-1A C-307, Gopalan Jewels, Kanakapura, Main Raod, Doddakallasandra 7 TH Mile, Bangalore - 560062, Karnataka, India

Date of Birth/Age :

03.08.1969

Date of Appointment :

30.09.2013

DIN No.:

02785489

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	U72900KA2002PTC030428	AGILE SOFTWARE ENTERPRISE PRIVATE LIMITED	Additional director	25/09/2009	25/09/2009	-	Amalgamated	NO
2	U72300KA2002PTC030958	PORTAL INFORMATION TECHNOLOGY INDIA PRIVATE LIMITED	Director	25/09/2009	25/09/2009	-	Amalgamated	NO
3	U72900KA2003PTC032659	BEA SYSTEMS INDIA TECHNOLOGY CENTER PRIVATE LIMITED	Director	30/09/2009	25/09/2009	-	Amalgamated	NO
4	U30007MH2003PTC141228	BEA SYSTEMS INDIA PRIVATE LIMITED	Director	30/09/2009	25/09/2009	13/04/2010	Amalgamated	NO
5	U72200KA2004PTC057820	SOPHOI TECHNOLOGIES PRIVATE LIMNITED	Director	14/09/2010	26/11/2009	06/07/2012	Active	NO
6	U72200DL1998PTC095819	RELSYS (INDIA) PRIVATE LIMITED	Director	21/01/2010	21/01/2010	06/07/2012	Active	NO
7	U72200KA2005PTC057819	AmberPoint Technology India Private Limited	Director	14/09/2010	12/02/2010	06/07/2012	Active	NO
8	U72200TN2004PTC053945	PROFITLOGIC SOFTWARE PRIVATE LIMITED	Director	27/09/2010	10/08/2010	06/07/2012	Active	NO
9	U74899DL1993PTC051764	ORACLE INDIA PRIVATE LIMITED	Director	30/09/2013	13/06/2012	-	Active	NO

Name :

Mr. Kamal Singh Chopra

Designation :

Additional Director

Address :

House No. 559, Sector 15, Part 1, Gurgaon - 122001, Haryana, India

Date of Appointment :

09.10.2014

DIN No.:

06964587

Name :

Mr. Onkar Nath Banerjee

Designation :

Additional Director

Address :

Flat 7, Archana Apartment, A. B. Nair Road,, Mumbai - 400049, Maharashtra, India

Date of Appointment :

18.06.2015

DIN No.:

07208712

KEY EXECUTIVES

Name :	U Sivakumar
Designation :	Secretary
Address :	C-611, Brigade Millenium, Puttanna Halli Main Road, JP Nagar 7th Phase, Bangalore - 560078, Karnataka, India
PAN No:	APDPS7202L
Date of Appointment :	19.09.2013

Name :	Sundar Ram Venkatraman Gopalakrishnan
Designation :	Vice President

Name :	Aditya Bhattacharyya
Designation :	Sales Consulting Director India

Name :	Somesh Bhagat
Designation :	Senior Director Marketing

Name :	Namit Sinha
Designation :	Senior Sales Director

Name :	Manoj Soni
Designation :	Senior Director

Name :	Akash Sahni
Designation :	Senior Sales Director

Name :	Shashank Mehta
Designation :	Sales Director

Name :	Niraj Kaushik
Designation :	Vice President

Name :	Aniruddha De Choudhury
Designation :	Project Director

Name :	Rangaswami Srinivasan
Designation :	Sr Director

Name :	Sandeep Mathur
Designation :	Managing Director

Name :	Sanjay Gupta
Designation :	Senior Sales Director

MAJOR SHAREHOLDERS

AS ON 30.09.2014

Names of Shareholders		No. of Shares
Oracle Systems Corporation, United States of America		998512
Oracle Holdings INC, United States of America		31
Sun Micro System International INC, United States of America		127200
Total		1125743

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companies (s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is organized in the following business segments:

Software License Sales
Product and Technical Support
Marketing Services Training and Education Services
Consulting Services
Information Technology Services Comprising of Software Development and IT Enabled Services.

Products / Services :

Item Code No.	Product/Service Description
99831430	Software Originals
99831329	IT Support Services
99831319	Information Technology (IT) Consulting and Support Services
99831419	Information Technology (IT) Design and Development Services

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Information declined by the management

Bankers :

Bank Name	Not Divulged
Branch	Not Divulged
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Auditors :
Name :	S.R.Batliboi and Associates LLP Chartered Accountants
Address :	Bangalore, India
PAN. No.:	ACHFS9118A

Memberships :	-----

Collaborators :	-----

Holding Company:	Oracle Systems Corporation, USA

Ultimate Holding Company:	Oracle Corporation, USA

Subsidiary :	Golden Gate Technologies South Asia Private Limited

Fellow Subsidiaries:	Oracle Africa Operations Oracle Argentina Oracle Austria Oracle Kazakhstan Service Oracle Latvia Oracle Japan Oracle Korea Oracle Belgium Oracle Beijing R & D Oracle Brazil Oracle Bulgaria Oracle Mexico Oracle Canada Oracle Caribbean Oracle Central America Oracle Middle East Oracle Morocco Service Oracle China Oracle Chile Oracle China Devt Center Oracle China Beijing Branch Oracle Netherlands Oracle Columbia Oracle New Zealand Oracle Corporation Australia Pty Limited Oracle Norway Oracle Corporation Singapore Pte Limited Oracle Peru Oracle Pakistan Oracle Poland Oracle Philippines Oracle Corporation Thailand Oracle Portugal Oracle Russia License Oracle Romania License Oracle Saudi Services Oracle Croatia Oracle Slovakia Oracle Romania Services Oracle South Africa Oracle Russia Service Oracle Czech Republic Oracle Serbia Oracle Denmark Oracle Slovania Oracle Estonia Oracle South Asia Other Oracle South Asia Oracle Solution Services (India) Private Limited Oracle Spain Oracle Egypt Oracle Sweden Oracle EMEA Holdings Oracle Switzerland Oracle Europe Manufacturing Limited, Ireland Oracle Systems Hong Kong Oracle Finland Oracle Corporation Malaysia Sdn. Bhd Oracle France Oracle Hungary Oracle Germany Oracle Turkey Oracle Hong Kong Oracle Ireland Oracle Taiwan Oracle Venezuela Oracle Indonesia Oracle Greece Oracle Vietnam Oracle Saudi Arabia Oracle Ukraine-Service Oracle Italy Oracle Nigeria Oracle DIC Africa Ops license Oracle Ukraine Oracle Dalian-OCSS Oracle Financial Services Software Limited Oracle MAK and Malta Oracle Corporation UK Oracle Middle East Oracle Israel Oracle Lithuania Fatwire India Private Limited Oracle Luxemburg Sunday Bazar Internet Sales Private Limited JD Edwards Private Limited GoAhead India Private Limited Oracle Bosnia Herzegovina Relsys (India) Private Limited A mberpoint Technology India Private Limited Profit Logic Software Private Limited Phase Forward Softwares Services India Private Limited Waban Software Private Limited People Soft India Private Limited Oracle CAPAC Services Tekelec Systems India Private Limited Oracle Malaysia Bitzermobile India Private Limited Oracle China Software Systems Company Limited Oracle America, Inc Oracle Information Systems (Japan). G.K.

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

8050000	Equity Shares	Rs.10/- each	Rs. 80.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

1125743	Equity Shares	Rs.10/- each	Rs. 11.257 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	11.000	11.000	11.257
(b) Reserves & Surplus	6444.000	3470.000	2561.527
(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)	6455.000	3481.000	2572.784

(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	580.000	388.000	0.000
(c) Other long term liabilities	0.000	0.000	198.091
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	580.000	388.000	198.091

(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	16107.000	15463.000	11487.907
(c) Other current liabilities	10549.000	7079.000	9885.401
(d) Short-term provisions	2081.000	4668.000	8584.728
Total Current Liabilities (4)	28737.000	27210.000	29958.036

TOTAL	35772.000	31079.000	32728.911

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	6242.000	4260.000	4024.544
(ii) Intangible Assets	20.000	0.000	0.000
(iii) Capital work-in-progress	64.000	336.000	46.231
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.100
(c) Deferred tax assets (net)	1177.000	1095.000	849.906
(d) Long-term Loan and Advances	12204.000	9122.000	7022.907
(e) Other Non-current assets	0.000	0.000	38.308
Total Non-Current Assets	19707.000	14813.000	11981.996

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	494.000	490.000	504.114
(c) Trade receivables	8466.000	7463.000	7169.488
(d) Cash and cash equivalents	3473.000	3434.000	6581.359
(e) Short-term loans and advances	1299.000	1348.000	1196.446
(f) Other current assets	2333.000	3531.000	5295.508
Total Current Assets	16065.000	16266.000	20746.915

TOTAL	35772.000	31079.000	32728.911

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Turnover	62553.590	57060.290	50411.470
	Other Income	NA	NA	NA
	TOTAL	NA	NA	NA

Less	EXPENSES	NA	NA	NA

	PROFIT/ (LOSS) BEFORE TAX	NA	NA	NA

Less	TAX	NA	NA	NA

	PROFIT/ (LOSS) AFTER TAX	2974.440	3365.310	2831.400

	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	38659.080	35733.357	32108.289
	TOTAL EARNINGS	38659.080	35733.357	32108.289

	Earnings / (Loss) Per Share (Rs.)	2642.20	2989.41	2515.13

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	0.000	0.000	NA
Cash generated from operations	NA	NA	NA
Net cash flow from (used in) operations	9016.000	7863.000	9498.636

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Turnover)	(%)	4.76	5.90	5.62

Current Ratio (Current Asset/Current Liability)		0.56	0.60	0.69

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	11.257	11.000	11.000
Reserves & Surplus	2561.527	3470.000	6444.000
Net worth	2572.784	3481.000	6455.000

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)
Turnover	50411.470	57060.290	62553.590
		13.189	9.627

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	50411.470	57060.290	62553.590
Profit	2831.400	3365.310	2974.440
	5.62%	5.90%	4.76%

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	No
8	Designation of contact person	No
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	No
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	No
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 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	Yes
33	Market information	---
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

LITIGATION DETAILS:

IN THE HIGH COURT OF DELHI AT NEW DELHI

CS (OS) 3793/2014 and IA No. 24729/2014

SOFTWARE TECHNOLOGY PARKS OF INDIA..... Plaintiff

Through: Mr. J.K.Singh, Advocate

versus

M/S ORACLE INDIA PVT LTD & ANR ..... Defendant

Through: Mr. Ritesh Raj proxy counsel for D1-2

CORAM:

DR. NEERA BHARIHOKE (DHJS), JOINT REGISTRAR

(JUDICIAL)

% O R D E R

14.07.2015

Written statement/reply has been filed on behalf

of the defendants. Replication/rejoinder if any be filed within four weeks

from today

The parties shall file their complete original documents within

four weeks from today to be followed by their admission/denial

affidavits within the next four weeks.

IA No. 8446/2015 (u/O VII Rule 11 CPC by defendants)

Reply be filed within four weeks from today to be followed by

rejoinder if any within the next four weeks.

Relist for completion of pleadings and for admission / denial

of documents on 16.09.2015.

DR. NEERA BHARIHOKE (DHJS)

JOINT REGISTRAR (JUDICIAL)

July 14, 2015

FINANCIAL HIGHLIGHTS:

During the year Company has achieved a turnover of Rs. 62553.590 Million as compared to Rs. 57060.290 Million during the previous year. The profits after tax for the year stood at Rs. 2974.440 Million as compared to a profit of Rs. 3365.310 Million during the previous year. The Company has carried forward a profit of Rs. 2974.440 Million to the Balance Sheet.

FIXED ASSETS

Tangible 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. 66.09
UK Pound	1	Rs. 100.88
Euro	1	Rs. 73.95

INFORMATION DETAILS

Information Gathered by :	SVA

Analysis Done by :	HNA

Report Prepared by :	SANS

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	10
PAID-UP CAPITAL	1~10	10
OPERATING SCALE	1~10	10
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	10
--PROFITABILITY	1~10	8
--LIQUIDITY	1~10	9
--LEVERAGE	1~10	9
--RESERVES	1~10	10
--CREDIT LINES	1~10	10
--MARGINS	-5~5	----
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--LITIGATION	YES/NO	YES
--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	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		86

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 unfavorable 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 INFO REPORT

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