MIRA INFORM REPORT

Report No. :	502095
Report Date :	07.04.2018

IDENTIFICATION DETAILS

Name :	GOMANTAK PRIVATE LIMITED
Registered Office :	Gomantak Bhavan, St. Inez, Panaji -403001, Goa
Tel. No.:	91-832-2422702
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	01.04.1967
Com. Reg. No.:	24-000073
Capital Investment / Paid-up Capital :	INR 0.400 Million
CIN No.: [Company Identification No.]	U22110GA1967PTC000073
IEC No.: [Import-Export Code No.]	Not Divulged
GSTN : [Goods & Service Tax Registration No.]	30AAACG6717D1Z7
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACG6717D
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in the business of Printing, Publishing of newspapers, journals, periodicals, magazines, etc. [Registered activity and also confirmed by management]
No. of Employees :	Not Divulged

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Maximum Credit Limit :	USD 170000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company incorporated in the year 1967 and it is having good track. It is engaged in the business of Printing, Publishing of newspapers, journals, periodicals, magazines, etc. For the financial year 2017, the company has achieved decent revenue from its operations and maintained profitability margin of 11.46%. Rating take into consideration sound financial profile of the company marked by adequate networth base and debt free balance sheet. Further, rating also reflects from its established track record of business operations and market position. Trade relations are reported as fair. Business is active. Payment terms are seems to be regular. In view of aforesaid, 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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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 31-03-2018.

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 07.04.2018

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

INFORMATION PARTED BY (GENERAL DETAILS)

Name :	Ms. Ankita
Designation :	Admin Department
Contact No.:	91-832-2422702
Date :	05.04.2018

LOCATIONS

Registered Office :	Gomantak Bhavan, St. Inez, Panaji -403001, Goa, India
Tel. No.:	91-832-2422701-05
Fax No.:	91-832-2422700
E-Mail :	neetajagtap@hotmail.com advtgpl@rediffmail.com gomtimes@sancharnet.in
Website :	www.gomantaktimes.com
Factory/ Printing Press :	Corlim Industrial Estate, Opposite Sona Tape Factory, Corlim, Malar -403011, Goa, India

DIRECTORS

AS ON 31.03.2017

Name :

Mrs. Bharati Pratap Pawar

Designation :

Wholetime Director

Address :

Vrundavan, S.No.73, Baner Road Near Suyash Shroff Building, Baner, Pune 411045, Maharashtra, India

Date of Birth/Age :

26.12.1948

Date of Appointment :

01.09.2015

DIN No.:

00027787

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U01122PN2007PTC129407	JANHVI AGRO TECH PRIVATE LIMITED	04/01/2007	-
U74920PN1999PTC013631	DATTATRAYA SARASWATI LAXMI VENTURES PRIVATE LIMITED	21/08/2000	-
U63023PN1990PTC057063	STAMFORD WAREHOUSING AND DEVELOPERS PRIVATE LIMITED	03/02/2000	-
U01122PN2007PTC131164	VELLA AGRO FARMS PRIVATE LIMITED	27/12/2007	-
U01122PN2007PTC131132	RAJGADH AGRO FARMS PRIVATE LIMITED	14/12/2007	-
U01122PN2007PTC131131	PASLE AGRO FARMS PRIVATE LIMITED	14/12/2007	-
U70102PN2007PTC131142	KARHA DEVELOPERS & MINERS PRIVATE LIMITED	17/12/2007	-
U45202PN2008PTC131391	BHIMTHADI DEVELOPERS & MINERS PRIVATE LIMITED	07/02/2008	-
U01400PN2008PTC132488	VAJRAGAD AGRO FARMS PRIVATE LIMITED	23/07/2008	-
U01400PN2008PTC132535	KADEPATHAR AGRO FARMS PRIVATE LIMITED	31/07/2008	-
U01400PN2008PTC132540	MALHARGAD AGRO FARMS PRIVATE LIMITED	31/07/2008	-
U65929MH1985PTC035452	PANHALA INVESTMENT PVT LTD	20/08/1996	-

Name :

Mr. Jaydeep Dilip Mane

Designation :

Director

Address :

Datta P No.13 , Kadamwadi Road, Tarabai Park, Kolhapur- 416003, Maharashtra, India

Date of Birth/Age :

03.03.1976

Date of Appointment :

05.07.2008

DIN No.:

02253468

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U01100PN2017PTC168057	AGROWON SMART VILLAGE PRIVATE LIMITED	20/01/2017	-
U74900PN2015PTC155366	FOXBERRY EVENTS PRIVATE LIMITED	10/06/2015	-
U74900PN2014PTC153066	DCF ADVISORY SERVICES PRIVATE LIMITED	11/11/2014	-
U27310MH2013PTC246868	OJAS ALUMINIUM & ENGINEERING PRODUCTS PRIVATE LIMITED	12/08/2013	-
U22300MH1965PTC013266	WIKAS PRINTING AND CARRIERS PRIVATE LIMITED	30/06/2014	-
U80903PN2011PTC139749	SIMACES INTERNATIONAL INTERDISCIPLINARY LEARNING CENTRE PRIVATE LIMITED	03/06/2011	-
U74999PN2011PTC139159	PINNACLE NEOSTAR CORPORATION PRIVATE LIMITED	11/04/2011	-
U70101PN2009PTC135051	APP BUILDERS PRIVATE LIMITED	26/11/2009	-
U45203PN2009PTC135057	ABJA INFRASTRUCTURE PRIVATE LIMITED	27/11/2009	-
U27104MH1974PTC017447	UNITED METACHEM PVT LTD	05/12/2011	-
U65993PN1981PTC025915	A P HOLDINGS PVT LTD	01/10/2011	-
U40108PN2007PTC129933	NEO STAR INFRAPROJECTS PRIVATE LIMITED	30/09/2011	-
U92120PN2007PTC129574	NEO TELEVISION PRIVATE LIMITED	30/09/2009	-
U72200KA2005PTC037940	MOVEO SYSTEMS PRIVATE LIMITED	21/03/2016	-
U74140PN1984PTC033686	OCTON INDIA PVT LTD	05/07/2008	-
U63023PN1990PTC057063	STAMFORD WAREHOUSING AND DEVELOPERS PRIVATE LIMITED	05/07/2008	-
U72200PN1997PLC112531	ABHIJIT PAWAR MEDIA LIMITED	05/07/2008	-
U45201PN1996PLC017889	ABJA CONSTRUCTIONS LIMITED	20/10/2008	-

KEY EXECUTIVES

Name :	Ms. Ankita
Designation :	Admin Department

MAJOR SHAREHOLDERS

AS ON 31.03.2017

Names of Shareholders	No. of Shares	% of Holding
Pratap Govind Pawar	2000	5.00
Bharati Pratap Pawar	14000	35.00
Abhijit Pratap Pawar	8000	20.00
Mrunalini Abhijit Pawar	8000	20.00
A P Holding Private Limited, India	8000	20.00
Total	40000	100.00

Equity Share Break up (Percentage of Total Equity)

AS ON 16.09.2017

Category	Percentage
Promoters- Individual/Hindu Undivided Family- Indian	80.00
Promoters- Body corporate	20.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the business of Printing, Publishing of newspapers, journals, periodicals, magazines, etc. [Registered activity and also confirmed by management]

Products / Services :

Name and Description of main products / services	NIC Code of the Product/service
Newspaper sale	22
Advertisement Income	22

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Not Available

Terms :

Selling :

Cash Advance Payment and Cheque (NEFT)

Purchasing :

Cash Advance Payment and Cheque (NEFT)

PRODUCTION STATUS – (NOT AVAILABLE)

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Not Divulged

Bankers :

Banker Name :	Bank of India
Branch :	--
Person Name (With Designation) :	--
Contact Number :	--
Name of Account Holder :	--
Account Number :	--
Account Since (Date/Year of Account Opening) :	--
Average Balance Maintained :	--
Credit Facilities Enjoyed (CC/OD/Term Loan) :	--
Account Operation :	--
Remark :	--

• State Bank of India

Auditors :
Name :	V.B. Prabhu Verlekar and Company Chartered Accountants
Address :	102, Govinda Building, M.G Road, Panaji – 403001, Goa, India
Tel. No.:	91-832-2223812/2422804
Fax No.:	91-832-2225456
E-Mail :	verlekar@bsnl.in
PAN N Income-tax PAN of auditor or auditor's firm :	AEDPP3698C
Memberships :	Not Available
Collaborators :	Not Available
Related party :	Gomant Foods Private Limited Sakal Papers Private Limited

CAPITAL STRUCTURE

AS ON 16.09.2017

Authorised Capital :

No. of Shares	Type	Value	Amount
77500	Equity Shares	INR 10/- each	INR 0.775 Million
22500	Preference Shares	INR 10/- each	INR 0.225 Million
	Total		INR 1.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
40000	Equity Shares	INR 10/- each	INR 0.400 Million

FINANCIAL DATA

[all figures are INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2017	31.03.2016	31.03.2015
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.400	0.400	0.400
(b) Reserves & Surplus	60.482	46.898	30.160
(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)	60.882	47.298	30.560
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.395	0.651	0.489
(c) Other long term liabilities	3.377	3.285	3.017
(d) long-term provisions	0.985	0.000	0.000
Total Non-current Liabilities (3)	4.757	3.936	3.506
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	63.213	5.412	15.346
(c) Other current liabilities	0.030	0.146	0.079
(d) Short-term provisions	0.721	1.172	5.198
Total Current Liabilities (4)	63.964	6.730	20.623
TOTAL	129.603	57.964	54.689
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	3.569	7.978	6.943
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.217	0.217	0.217
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	1.189	3.323
(e) Other Non-current assets	23.387	1.195	1.187
Total Non-Current Assets	27.173	10.579	11.670
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	2.701	2.631	3.729
(c) Trade receivables	94.753	27.985	24.357
(d) Cash and cash equivalents	4.459	16.370	14.683
(e) Short-term loans and advances	0.517	0.399	0.250
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	102.430	47.385	43.019
TOTAL	129.603	57.964	54.689

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017	31.03.2016	31.03.2015
	SALES
	Income	118.551	117.222	99.033
	Other Income	0.795	1.276	0.613
	TOTAL	119.346	118.498	99.646
Less	EXPENSES
	Cost of Materials Consumed	28.746	29.516	31.826
	Other manufacturing expenses	7.244	6.872	6.515
	Employees benefits expense	34.897	35.714	31.042
	Other expenses	26.576	19.097	12.305
	TOTAL	97.463	91.199	81.688
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	21.883	27.299	17.958
Less	FINANCIAL EXPENSES	0.032	0.040	0.032
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	21.851	27.259	17.926
Less/ Add	DEPRECIATION/ AMORTISATION	1.624	1.459	1.298
	PROFIT/ (LOSS) BEFORE TAX	20.227	25.800	16.628
Less	TAX	6.644	9.062	5.764
	PROFIT/ (LOSS) AFTER TAX	13.583	16.738	10.864
	Prior Period Items	0.000	0.000	(0.020)
	APPROPRIATIONS
	Proposed Final Dividend	0.000	0.000	4.000
	Tax on Proposed Dividend	0.000	0.000	0.814
	Transferred to general reserve	0.000	0.000	0.689
	Profit carried to balance sheet	13.583	16.738	5.381
	Earnings / (Loss) Per Share (INR)	339.58	418.45	272.08

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2017	31.03.2016	31.03.2015
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	(8.546)	12.023	NA
Net cash flows from (used in) operations	(15.446)	2.962	NA

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Average Collection Days (Sundry Debtors / Income * 365 Days)	291.73	87.14	89.77
Account Receivables Turnover (Income / Sundry Debtors)	1.25	4.19	4.07
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	802.64	66.93	176.00
Inventory Turnover (Operating Income / Inventories)	8.10	10.38	4.82
Asset Turnover (Operating Income / Net Fixed Assets)	6.13	3.42	2.59

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.49	0.12	0.38
Debt Equity Ratio (Total Liability / Networth)	0.00	0.00	0.00
Current Liabilities to Networth (Current Liabilities / Net Worth)	1.05	0.14	0.67
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.06	0.17	0.23
Interest Coverage Ratio (PBIT / Financial Charges)	683.84	682.47	561.19

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
Net Profit Margin ((PAT / Sales) * 100)	%	11.46	14.28	10.97
Return on Total Assets ((PAT / Total Assets) * 100)	%	10.48	28.88	19.87
Return on Investment (ROI) ((PAT / Networth) * 100)	%	22.31	35.39	35.55

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	1.60	7.04	2.09
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	1.56	6.65	1.91
G-Score Ratio Financial (Networth / Total Assets)	0.47	0.82	0.56
G-Score Ratio Debt (Debts / Equity Capital)	0.00	0.00	0.00
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.60	7.04	2.09

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

FINANCIAL ANALYSIS

[all figures are INR Million]

DEBT EQUITY RATIO

Particular	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Share Capital	0.400	0.400	0.400
Reserves & Surplus	30.160	46.898	60.482
Share Application money pending allotment	0.000	0.000	0.000
Net worth	30.560	47.298	60.882
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	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Sales	99.033	117.222	118.551
		18.367	1.134

NET PROFIT MARGIN

Net Profit Margin	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Sales	99.033	117.222	118.551
Profit	10.864	16.738	13.583
	10.97%	14.28%	11.46%

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)	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	--
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CHARGE:

SNO	SRN	CHARGE ID	CHARGE HOLDER NAME	DATE OF CREATION	DATE OF MODIFICATION	AMOUNT	ADDRESS
1	Y10148296	90065776	THE GOA URBAN CO-OPERATIVE BANK LTD.	19/03/1999	30/03/1999	3000000.0	DR. ATMARAM BORKAR ROADPANAJIGAIN

FIXED ASSETS:

• Land
• Building
• 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 records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

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

3] Asset Declaration :

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

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

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

Charges or investigation registered against subject: None

7] Criminal Records

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

8] Affiliation with Government :

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

9] Compensation Package :

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

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

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

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

CONTRAVENTION

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

FOREIGN EXCHANGE RATES

Currency	Unit	INR
US Dollar	1	INR 64.99
UK Pound	1	INR 90.96
Euro	1	INR 79.51

INFORMATION DETAILS

Information Gathered by :	AKY
Analysis Done by :	PSD
Report Prepared by :	KVT

SCORE FACTORS

DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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.