MIRA INFORM REPORT

Report No. :	503224
Report Date :	11.04.2018

IDENTIFICATION DETAILS

Name :	K.N.RESOURCES PRIVATE LIMITED
Registered Office :	K.N. Building, Subhash Road, Ramsagarpara, Raipur – 492001, Chhattisgarh
Tel. No.:	91-22-43541100
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	05.10.1995
Com. Reg. No.:	10-010029
Capital Investment / Paid-up Capital :	INR 30.000 Million
CIN No.: [Company Identification No.]	U27106CT1995PTC010029
IEC No.: [Import-Export Code No.]	Not Divulged
GSTN : [Goods & Service Tax Registration No.]	22AACCK5983B1ZS
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AACCK5983B
Legal Form :	Private Limited Liability Company
Line of Business :	Wholesale of Cerelas and Pulses. Manufacture of Vegetable Oils and Fats Excluding Corn Oil. Electric power generation using there non Conventional sources. (Registered Activity)
No. of Employees :	Information declined by the management

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

Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject was incorporated in the year 1995. The company is a manufacturer, exporter and importer of agro-based commodities such as soymeal, hipromeal, sugar, wheat and soy degummed oil. As per the financial of 2017, the company has achieved a favourable growth of 33.54% in its revenue as compared to the previous year’s revenue and has gained an average net profit margin of 1.54%. The company possesses healthy financial position marked by sound net worth base along with strong debt coverage indicator due to low debt balance sheet profile, fair gap between its trade receivables and trade payables and comfortable liquidity position. Business is active. Payment seems to be regular. In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition.

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

Rating Agency Name	CARE
Rating	Long term loans: BBB
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	22.03.2018

Rating Agency Name	CARE
Rating	Short term loans: A3+
Rating Explanation	Moderate degree of safety and higher credit risk.
Date	22.03.2018

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 11.04.2018

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 DENIED BY

Name :	Ms. Bhavna
Designation :	Accounts Department
Contact No.:	91-22-43541100
Date :	10.04.2018

LOCATIONS

Registered Office / Head Office:	K.N. Building, Subhash Road, Ramsagarpara, Raipur – 492001, Chhattisgarh, India
Tel. No.:	91-771-2293706-08, 4016370
Fax No.:	91-771-2293707
E-Mail :	ho@kngroup.in mumbai@kngroup.in rc@kngroup.in itarsi@kngroup.in khandwa@kngroup.in
Website :	www.kngroup.in
Corporate Office :	B 1 - 506, Marathon Innova, Opposite Peninsula Corporate Park, Lower Parel, Mumbai – 400013, Maharashtra, India
Tel. No.:	91-22 – 43541100 / 01
Fax No.:	91-22-43541101
E-Mail :	info@kngroup.com
Branch Office:	2/A, Shantiniteketan 3, Opposite Aroma School, Shantinagar, Usmanpura Ahmedabad – 380013, Gujarat, India
Marketing office:	304, Orbit Mall A.B. Road, Indore - 452 001, Madhya Pradesh, India

DIRECTORS

AS ON 31.03.2017

Name :

Mr. Dhirendra Shrishrimal

Designation :

Director

Address :

K.N. Building, Subhash Road, Ramsagarpara, Raipur – 492001, Chhattisgarh, India

Date of Birth/Age :

20.03.1972

Date of Appointment :

25.02.1997

PAN No.:

AJGPS3823C

DIN No.:

00324169

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U51390JH1989PTC003355	SALAHKAR DISTRIBUTORS PRIVATE LIMITED	15/03/2017	-
U15141CT1987PTC003777	ITARSI OILS & FLOURS PRIVATE LIMITED	01/01/1998	-
U15141CT1995PTC009922	K.N.SOLVENT AND VANASPATI PRIVATE LIMITED	23/08/2002	-
U51109CT1996PTC010471	ANANT COUNTER TRADE PRIVATE LIMITED	06/02/1996	-
U70100CT2010PTC021897	K.N. INFRATECH PRIVATE LIMITED	08/06/2010	-

Name :

Mr. Vijay Shrishrimal

Designation :

Director

Address :

K.N. Building, Subhash Road, Ramsagarpara, Raipur – 492001, Chhattisgarh, India

Date of Birth/Age :

28.02.1966

Date of Appointment :

05.10.1995

PAN No.:

AJGPS0269Q

DIN No.:

00323316

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U15141CT1987PTC003777	ITARSI OILS & FLOURS PRIVATE LIMITED	10/12/1987	-
U67120CT1994PTC008237	ANANT TRAFINA PRIVATE LIMITED	07/04/1994	-
U15141CT1995PTC009922	K.N.SOLVENT AND VANASPATI PRIVATE LIMITED	05/09/1995	-
U04520CT1996PTC010470	ANANT INFRASTRUCTURE PRIVATE LIMITED	06/02/1996	-
U70100CT2010PTC021897	K.N. INFRATECH PRIVATE LIMITED	08/06/2010	-
U70109CT2012PTC000217	RAIPUR MEGA FOOD PARK PRIVATE LIMITED	06/03/2012	-
U74120MH2015PTC263938	INFINITE MINERALS PRIVATE LIMITED	29/04/2015	-

KEY EXECUTIVES

Name :	Ms. Bhavna
Designation :	Accounts Department

MAJOR SHAREHOLDERS

AS ON 31.03.2017

Names of Shareholders	No. of Shares
Sushil Devi Shrishrimal	40000
Vijay Shrishrimal	650000
Sanjay Shrishrimal	650000
Dhirendra Shrishrimal	650000
Anant Trafine Private Limited, India	20000
Palak Exim Private Limited, India	400000
Salahkar distributors Private Limited, India	390000
Anant Countertrade Private Limited, India	200000
Total	3000000

Equity Share Break up (Percentage of Total Equity)

AS ON 29.09.2017

Category	Percentage
Promoters- Individual/Hindu Undivided Family- Indian	66.33
Public/Other than promoters - Body corporate	33.67
Total	100.00

BUSINESS DETAILS

Line of Business :

• Wholesale of Cerelas and Pulses.
• Manufacture of Vegetable Oils and Fats Excluding Corn Oil.
• Electric power generation using there non Conventional sources.

(Registered Activity)

Products / Services :

Name and Description of main products / services	NIC Code of the Product/service
Wholesale of cereals & pulses	46201
Manufacture of vegetable oils and fats excluding corn oil	10402
Electric power generation using there non Conventional sources	35106

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 :	--
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 :

Information denied by the management

Bankers :

• DBS Bank Limited, DLF Capitol Point, Ground Floor and First Floor, Baba Kharak Singh Marg, Connaught Place, New Delhi-110001, India
• Standard Chartered Bank, 23, Barakhambha Road, Narain Manzil, New Delhi - 110001, India

Banker Name	HDFC Bank Limited
Branch Address	HDFC Bank House Senapati Bapat Marg Lower Parel (West), Mumbai-400013, Maharashtra, India
Person Name (With Designation)	--
Contact Number	--
Name of Account Holder	--
Account Number	--
Account Since (Date/Year of Account Opening)	--
Average Balance Maintained (If Possible)	--
Credit Facilities Enjoyed (If any)	--
Account Operation	--
Remarks (If any)	--

Facilities :

(INR In Million)

SECURED LOAN	As on 31.03.2017	As on 31.03.2016
LONG TERM BORROWING
Rupee term loans from banks	9.264	16.250
Loans taken for fixed assets	11.378	4.617
Total	20.642	20.867

Auditors :
Name :	Pukhraj and Associates Chartered Accountants
Address :	204 Rajiv Gandhi Complex, Raipur, Chhattisgarh, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAHFP8396H
Memberships :	Not Available
Collaborators :	Not Available
Associate Enterprises:	Anant Trafina Private Limited Vijay Kumar and Company Anant Ventures Mahavir Dal Mill Itarsi Oils and Flours Private Limited Khandwa Oils (Unit of Itarsi Oils and Flours Private Limited)

CAPITAL STRUCTURE

AS ON 31.03.2017

Authorised Capital :

No. of Shares	Type	Value	Amount
3000000	Equity Shares	INR 10/- each	INR 30.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
3000000	Equity Shares	INR 10/- each	INR 30.000 Million

FINANCIAL DATA

[all figures are INR Million]

ABRIDGED BALANCE SHEET (STANDALONE)

SOURCES OF FUNDS	31.03.2017	31.03.2016	31.03.2015
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	30.000	30.000	30.000
(b) Reserves and Surplus	571.573	459.248	398.649
(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)	601.573	489.248	428.649
(3) Non-Current Liabilities
(a) long-term borrowings	20.642	20.867	25.934
(b) Deferred tax liabilities (Net)	14.323	17.128	20.096
(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)	34.965	37.995	46.030
(4) Current Liabilities
(a) Short-term borrowings	521.370	1213.528	182.789
(b) Trade payables	441.705	286.331	144.384
(c) Other current liabilities	96.831	14.223	39.440
(d) Short-term provisions	44.653	42.772	21.007
Total Current Liabilities (4)	1104.559	1556.854	387.620
TOTAL	1741.097	2084.097	862.299
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	70.399	71.992	76.967
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Tangible assets 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	3.521	7.791	4.027
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term loans and advances	0.000	0.000	0.000
(e) Other Non-current assets	9.773	17.724	14.549
Total Non-Current Assets	83.693	97.507	95.543
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	735.397	966.691	85.156
(c) Trade receivables	422.308	415.643	266.021
(d) Cash and bank balances	280.379	176.281	201.593
(e) Short-term loans and advances	183.342	347.237	142.461
(f) Other current assets	35.978	80.738	71.525
Total Current Assets	1657.404	1986.590	766.756
TOTAL	1741.097	2084.097	862.299

PROFIT & LOSS ACCOUNT (STANDALONE)

	PARTICULARS	31.03.2017	31.03.2016	31.03.2015
	SALES
	Income	7304.478	5469.703	3349.815
	Other Income	53.205	38.420	32.047
	TOTAL	7357.683	5508.123	3381.862
Less	EXPENSES
	Cost of Materials Consumed	9.564	3.202	7.140
	Purchases of Stock-in-Trade	6367.714	5750.749	2670.617
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	221.729	(884.737)	373.378
	Employee benefit expense	20.896	19.222	30.088
	CSR expenditure	0.500	0.000	0.000
	Other expenses	491.984	450.373	200.780
	TOTAL	7112.387	5338.809	3282.003
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	245.296	169.314	99.859
Less	FINANCIAL EXPENSES	66.500	71.171	41.094
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	178.796	98.143	58.765
Less/ Add	DEPRECIATION/ AMORTISATION	10.509	10.583	12.333
	PROFIT/ (LOSS) BEFORE TAX	168.287	87.560	46.432
Less	TAX	55.962	26.962	15.149
	PROFIT/ (LOSS) AFTER TAX	112.325	60.598	31.283
	Value of Imports on C.I.F. Basis	1699.900	430.800	22.500
	Earnings / (Loss) Per Share (INR)	37.442	20.199	10.428

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	NA	NA	NA
Net cash flows from (used in) operations	173.707	80.295	44.468
Net cash flows from (used in) operating activities	114.940	50.365	25.787

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Average Collection Days (Sundry Debtors / Income * 365 Days)	21.10	27.74	28.99
Account Receivables Turnover (Income / Sundry Debtors)	17.30	13.16	12.59
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	25.28	18.16	19.68
Inventory Turnover (Operating Income / Inventories)	0.33	0.18	1.17
Asset Turnover (Operating Income / Net Fixed Assets)	3.48	2.35	1.30

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.65	0.76	0.48
Debt Equity Ratio (Total Liability / Networth)	0.90	2.52	0.49
Current Liabilities to Networth (Current Liabilities / Net Worth)	1.84	3.18	0.90
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.12	0.15	0.18
Interest Coverage Ratio (PBIT / Financial Charges)	3.69	2.38	2.43

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
Net Profit Margin ((PAT / Sales) * 100)	%	1.54	1.11	0.93
Return on Total Assets ((PAT / Total Assets) * 100)	%	6.45	2.91	3.63
Return on Investment (ROI) ((PAT / Networth) * 100)	%	18.67	12.39	7.30

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	1.50	1.28	1.98
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.83	0.66	1.76
G-Score Ratio Financial (Networth / Total Assets)	0.35	0.23	0.50
G-Score Ratio Debt (Debts / Equity Capital)	18.07	41.15	6.96
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.50	1.28	1.98

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	30.000	30.000	30.000
Reserves & Surplus	398.649	459.248	571.573
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	428.649	489.248	601.573
Long-term borrowings	25.934	20.867	20.642
Short term borrowings	182.789	1213.528	521.370
Total borrowings	208.723	1234.395	542.012
Debt/Equity ratio	0.487	2.523	0.901

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	3349.815	5469.703	7304.478
		63.284	33.544

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	3349.815	5469.703	7304.478
Profit/ (Loss)	31.283	60.598	112.325
	0.93 %	1.11 %	1.54 %

ABRIDGED BALANCE SHEET (CONSOLIDATED)

SOURCES OF FUNDS	31.03.2017	31.03.2016
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	30.000	30.000
(b) Reserves and Surplus	751.533	622.921
(c) Money received against share warrants	0.000	0.000
(d) Minority interest	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	781.533	652.921
(3) Non-Current Liabilities
(a) long-term borrowings	20.642	20.867
(b) Deferred tax liabilities (Net)	14.323	17.128
(c) Other long-term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	34.965	37.995
(4) Current Liabilities
(a) Short-term borrowings	521.370	1213.528
(b) Trade payables	441.705	286.331
(c) Other current liabilities	96.831	14.223
(d) Short-term provisions	44.653	42.772
Total Current Liabilities (4)	1104.559	1556.854
TOTAL	1921.057	2247.770
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	70.399	71.992
(ii) Intangible Assets	0.000	0.000
(iii) Tangible assets capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	183.481	171.465
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term loans and advances	0.000	0.000
(e) Other Non-current assets	9.774	17.724
Total Non-Current Assets	263.654	261.181
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	735.397	966.691
(c) Trade receivables	422.308	415.643
(d) Cash and bank balances	280.379	176.281
(e) Short-term loans and advances	183.342	347.237
(f) Other current assets	35.977	80.737
Total Current Assets	1657.403	1986.589
TOTAL	1921.057	2247.770

PROFIT & LOSS ACCOUNT (CONSOLIDATED)

	PARTICULARS	31.03.2017	31.03.2016
	SALES
	Income	7304.478	5469.703
	Other Income	53.205	38.420
	TOTAL	7357.683	5508.123
Less	EXPENSES
	Cost of Materials Consumed	9.564	3.202
	Purchases of Stock-in-Trade	6367.714	5750.749
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	221.729	(884.737)
	Employee benefit expense	20.896	19.222
	Other expenses	492.484	450.373
	TOTAL	7112.387	5338.809
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	245.296	169.314
Less	FINANCIAL EXPENSES	66.500	71.171
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	178.796	98.143
Less/ Add	DEPRECIATION/ AMORTISATION	10.509	10.583
	PROFIT/ (LOSS) BEFORE TAX	168.287	87.560
Less	TAX	55.962	26.962
	PROFIT/ (LOSS) AFTER TAX	112.325	60.598
	Earnings / (Loss) Per Share (INR)	37.44	20.20

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	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	Yes
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

OPERATIONS

The Company has reported total Revenue of INR 7357.683 Million for the current year as compared to INR 5508.123 Million in the previous year. The Net Profit After tax for the year amounted to INR 112.325 Million in the current year as compared to INR 60.598 Million in the previous year.

UNSECURED LOANS:

(INR In Million)

Particulars	As on 31.03.2017	As on 31.03.2016
SHORT TERM BORROWING
Working capital loans from banks	513.770	979.747
Other loans and advances	7.600	233.780
Total	521.370	1213.527

INDEX OF CHARGE:

SNO	SRN	CHARGE ID	CHARGE HOLDER NAME	DATE OF CREATION	DATE OF MODIFICATION	DATE OF SATISFACTION	AMOUNT	ADDRESS
1	G75061648	100152458	HDFC BANK LIMITED	12/11/2017	-	-	300000000.0	HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN
2	G63113229	100134714	DBS BANK LTD	21/06/2017	-	-	250000000.0	DLF CAPITOL POINT, GROUND FLOOR & FIRST FLOORBABA KHARAK SINGH MARG, CONNAUGHT PLACENEW DELHIDL110001IN
3	G28024594	100063272	HDFC BANK LIMITED	21/09/2016	-	-	24000000.0	HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN
4	C75582924	10612619	INDUSIND BANK LTD.	16/12/2015	-	-	100000000.0	B1-506, MARATHAN INNOVALOWER PARELMUMBAIMH400013IN
5	B79098208	90209420	UCO BANK	12/12/2003	10/06/2013	-	1512700000.0	MAIN BRANCHNEAR JAISTAMBH CHOWK, KK ROADRAIPURCT492001IN
6	G79177556	10245731	STANDARD CHARTERED BANK	22/10/2010	03/02/2012	01/03/2018	500000000.0	23, BARAKHAMBHA ROADNARAIN MANZILNEW DELHIDL110001IN
7	G19624857	10437983	THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED	24/06/2013	24/11/2014	15/10/2016	100000000.0	52/60, MAHATMA GANDHI ROAD,FORTMUMBAIMH400001IN
8	G06488134	10280616	ICICI BANK LIMITED	09/03/2011	-	13/06/2016	65000000.0	ICICI BANK TOWERSBANDRA KURLA COMPLEX, BANDRA - EASTMUMBAIMH400051IN

FIXED ASSETS:

Tangible assets

• Land
• Plant and equipment
• Furniture and fixtures
• Computer equipments
• Office equipment
• Vehicles

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 64.94
UK Pound	1	INR 91.75
Euro	1	INR 79.90

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	NYT
Report Prepared by :	KVT

SCORE FACTORS

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