MIRA INFORM REPORT

Report No. :	505543
Report Date :	23.04.2018

IDENTIFICATION DETAILS

Name :	MILACRON INDIA PRIVATE LIMITED (w.e.f. 12.10.2017)
Formerly Known As :	FERROMATIK MILACRON INDIA PRIVATE LIMITED (w.e.f. 16.12.2010) FERROMATIK MILACRON INDIA LIMITED (w.e.f. 19.12.2000) CINCINNATI MILACRON PRIVATE LIMITED
Registered Office :	Plot No.93/2 and 94/1, Phase-I, G.I.D.C. Vatva, Ahmedabad - 382445, Gujarat
Tel. No.:	91-79-26440331 / 26440331
Country :	India
Financials (as on) :	31.03.2016
Date of Incorporation :	08.05.1995
Com. Reg. No.:	04-025783
Capital Investment / Paid-up Capital :	INR 268.983 Million
CIN No.: [Company Identification No.]	U74999GJ1995FTC025783
IEC No.: [Import-Export Code No.]	0895005441
TAN No.: [Tax Deduction & Collection Account No.]	AHMF00035A
GSTN : [Goods & Service Tax Registration No.]	Not Divulged
PAN No.: [Permanent Account No.]	AABCC0881D
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in the manufacturing and selling of plastics processing machineries and components thereof. (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 operates as a subsidiary of Milacron Marketing Company LLC, United States. It was incorporated in the year 1995 and engaged in the manufacturing and selling of plastics processing machineries and components. Management has failed to file its financials with the Registrar of Companies for the FY 2017. For the financial year 2016, the company has healthy operational activity marked by impressive revenue profile along with good profit margin. Rating further reflects strong market position of the company in the injection moulding machine segment, its established track record of operations and healthy networth position. The ratings continue to derive strength from debt-free capital structure of the company and strong financial and managerial support received from its holding company. However, rating strength is partially offset by highly competitive business environment in which the company operates as well as the cyclicality of the project capital expenditure in its and user industries. Business is active. Payments seems to be regular and as per commitments. In view of aforesaid, the company can be considered good for normal business dealings at usual trade terms and conditions. The name of the company has changed from “Ferromatik Milacron India Private Limited” to Milacron India Private Limited” w.e.f. 12^th October 2017.

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	ICRA
Rating	Long Term – Fund Based=A
Rating Explanation	Adequate degree of safety and low credit risk.
Date	09.02.2018
Rating Agency Name	ICRA
Rating	Short Term – Non Fund Based=A1
Rating Explanation	Very strong degree of safety and carry lowest credit risk.
Date	09.02.2018

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 31-03-2016.

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 23.04.2018

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 :	Mr. Sameer Parikh
Designation :	Not Divulged
Contact No.:	91-79-26440331

LOCATIONS

Registered Office / Corporate Office / Factory 1:	Plot No.93/2 and 94/1, Phase-I, G.I.D.C. Vatva, Ahmedabad - 382445, Gujarat, India
Tel. No.:	91-79-25890081 / 25890133 / 25830063 / 61341700
Fax No.:	91-79-25830125
E-Mail :	salesfmi@milacron.com pradip_g_mistry@milacron.com servicefmi@milacron.com exportservicefmi@milacron.com servtek_fmi@milacron.com materials_fmil@milacron.com careers-india@milacron.com
Website :	www.milacron.com
Sales Office :	506, Solaris-2, Saki Vihar Road, Powai, Andheri (East), Mumbai – 400072, Maharashtra, India
Sales and Service Network :	Located At: New Delhi Chandigarh Haryana Haridwar Kolkata Hyderabad Chennai Coimbatore Bangalore Pune Vapi Mumbai Ahmedabad

DIRECTORS

As on 31.03.2017

Name :

Mr. Shirish Vasantbhai Divgi

Designation :

Managing Director

Address :

A-504, Indraprasth-7, Near Judges Bunglow, Opposite Bodakdev Fire Station, Bodakdev, Ahmedabad – 380054, Gujarat, India

Date of Birth/Age :

25.10.1963

Qualification :

B.E. (Elec.)

Date of Appointment :

09.10.2012

PAN No.:

ABWPD4352K

DIN No.:

06406186

Name :

Mr. Mahendra Narsinhbhai Patel

Designation :

Director

Address :

12/A, Kairvi Bungalows, Near Sarthi Hotel, Vastrapur Road, Bodakdev, Ahmedabad – 380054, Gujarat, India

Date of Birth/Age :

17.01.1949

Qualification :

Master of Science in Industrial Engineering Administration

Date of Appointment :

31.05.1995

DIN No.:

00104997

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U25202GJ2006PTC047451	MAMATA-SPAN FLEXOPACK PRIVATE LIMITED	04/01/2006	-
U28999GJ1995FTC025601	KLOECKNER DESMA MACHINERY PRIVATE LIMITED	01/04/2016	-
U29199GJ1997FTC032397	KHS MACHINERY PRIVATE LIMITED	01/01/2011	-
U29212GJ1997PTC031529	MAMATA EXTRUSION SYSTEMS PRIVATE LIMITED	17/01/1997	-
U29259GJ1979PTC003363	MAMATA MACHINERY PRIVATE LIMITED	12/09/1994	-
U40106GJ2001PTC039173	MAMATA ENERGY PRIVATE LIMITED	17/01/2001	-
U40106GJ2006PTC049596	MAMATA PYRON SOLAR PRIVATE LIMITED	19/12/2006	-
U65910GJ1990PTC014305	MAMATA MANAGEMENT SERVICES PRIVATE LIMITED	31/12/2006	-
U65910GJ1993PTC019248	MAMATA GROUP CORPORATE SERVICES PRIVATE LIMITED	11/08/1997	-
U65999GJ2004PTC044563	NATRAJ FINSEC (INDIA) PRIVATE LIMITED	06/11/2006	-

Name :

Mr. Narasinh Krishna Balgi

Designation :

Director

Address :

B-401, Sumadhur-11, Near Azad Society, Ahmedabad – 380015, Gujarat, India

Date of Birth/Age :

01.06.1943

Qualification :

Bachelor of Science in Mechanical Engineering

Date of Appointment :

01.04.2011

DIN No.:

00163468

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
L25200GJ1996PLC029134	ASTRAL POLY TECHNIK LIMITED	11/08/2015	-
U24295GJ2009PLC058120	RESINOVA CHEMIE LIMITED	07/09/2016	-
U74999HR2015NPL057088	A G TRAINING AND INNOVATION CENTRE	26/10/2015	-

Name :

Mr. Shawn Patrick Reilley

Designation :

Director

Address :

409, Stanley Avenue, Cincinnati, Ohio, 45226, United States of America

Date of Appointment :

31.07.2015

DIN No.:

07148393

Name :

Mr. Venkataraman Kannan

Designation :

Managing Director

Address :

473, No Y4, Parsn Unique Apartment, 4th Street, K K Pudur, Coimbatore – 641038, Tamilnadu, India

Date of Appointment :

23.08.2017

DIN No.:

03585222

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U29295TZ2007FTC013523	MOLD-MASTERS TECHNOLOGIES PRIVATE LIMITED	14/02/2011	-
U74999KA1993PLC046003	DME (INDIA) PRIVATE LIMITED	30/09/2014	-

Name :

Mr. Bruce Alan Chalmers

Designation :

Additional Director

Address :

2229, Bedford, Terrace Cincinnati Ohio 45208 US

Date of Appointment :

11.07.2017

DIN No.:

07873224

KEY EXECUTIVES

Name :	Mr. Pradip Gajendrabhai Mistry
Designation :	Company Secretary
Address :	1, Jagdeep, Highland Park, Behind Polytechnic, Gulbai Tekra, Ahmedabad - 380015, Gujarat, India
Date of Birth/Age :	15.12.1957
Date of Appointment :	01.06.1998
PAN No.:	AGAPM1318H

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2016

Names of Shareholders	No. of Shares
Milacron Marketing Company LLC, United States of America	2689730
Milacron Marketing Company LLC (Jointly with Milacron Plastics Technologies Group LLC, United States of America)	100
Total	2689830

Equity Share Break up (Percentage of Total Equity)

As on 26.09.2016

Category	Percentage
Public - Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the manufacturing and selling of plastics processing machineries and components thereof. (Registered activity)

Products :

Item Code No. (ITC Code)	Product Description
84771000	Injection Moulding Machines
84773000	Blow Moulding Machines

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

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 declined by the management

Bankers :

Bank Name	IDBI Bank Limited
Branch	IDBI Complex, Opposite Municipal Quarters, Off C. G. Road, Ahmedabad – 380006, Gujarat, 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)	--

Auditors :
Name :	S.R.B.C. and Company LLP Chartered Accountants
Address :	2nd Floor, Shivalik Ishaan Near CN Vidhyalaya, Ambawadi Ahmedabad-380015, Gujarat, India
PAN N Income-tax PAN of auditor or auditor's firm :	ACHFS9117R
Memberships :	Not Available
Collaborators :	Not Available
Fellow Subsidiary Company :	Ferromatik Milacron CA, Venezuela, Bolivarian Republic of Ferromatik Milacron GmbH, Germany Milacron Czech Republic spol. s r.o., United States Milacron Equipamentos Plasticos Ltda, Brazil Milacron LLC, United States Milacron Marketing (Shanghai) Co. Limited, China Milacron Marketing Company LLC, United States Milacron Plastic Machinery (Jiangyin) Co. Limited., China Milacron Plastic Technologies Group LLC, United States Mold-Masters (2007) Limited, Canada Mold-Masters Europa GmbH, United States Mold-Masters Technologies Private Limited, India U29295TZ2007FTC013523 Mold-Masters UK Limited, United Kingdom Tirad s.r.o., United States Uniloy Milacron S.R.L., Italy

CAPITAL STRUCTURE

After 26.09.2016

Authorised Capital : INR 400.000 Million

Issued, Subscribed & Paid-up Capital : INR 236.878 Million

As on 31.03.2016

Authorised Capital :

No. of Shares	Type	Value	Amount
3000000	Equity Shares	INR 100/- each	INR 300.000 Million
1000000	Preference Shares	INR 100/- each	INR 100.000 Million
	Total		INR 400.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2689830	Equity Shares	INR 100/- each	INR 268.983 Million

FINANCIAL DATA

[all figures are in INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2016	31.03.2015	31.03.2014
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	268.983	268.983	268.983
(b) Reserves & Surplus	2167.962	1404.673	1236.609
(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)	2436.945	1673.656	1505.592
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	27.515	29.568	42.116
(c) Other long term liabilities	2.370	0.000	0.000
(d) long-term provisions	57.934	39.087	22.826
Total Non-current Liabilities (3)	87.819	68.655	64.942
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	991.579	821.827	809.269
(c) Other current liabilities	539.535	525.863	449.035
(d) Short-term provisions	169.680	436.567	226.355
Total Current Liabilities (4)	1700.794	1784.257	1484.659
TOTAL	4225.558	3526.568	3055.193
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	764.646	769.937	812.623
(ii) Intangible Assets	8.778	7.628	16.379
(iii) Capital work-in-progress	441.017	175.135	1.543
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	63.285	67.043	49.065
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	1277.726	1019.743	879.610
(2) Current assets
(a) Current investments	966.963	320.416	0.000
(b) Inventories	1210.027	1345.645	1076.829
(c) Trade receivables	582.764	566.926	443.588
(d) Cash and cash equivalents	47.514	93.643	481.932
(e) Short-term loans and advances	77.467	141.144	148.933
(f) Other current assets	63.097	39.051	24.301
Total Current Assets	2947.832	2506.825	2175.583
TOTAL	4225.558	3526.568	3055.193

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2016	31.03.2015	31.03.2014
	SALES
	Income	7178.335	6454.624	5246.410
	Other Income	96.910	101.804	44.288
	TOTAL	7275.245	6556.428	5290.698
Less	EXPENSES
	Cost of Materials Consumed	4276.807	4191.323	3347.032
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	118.135	(149.438)	(77.870)
	Employees benefits expense	554.091	469.722	368.031
	CSR expenditure	5.001	11.933	0.000
	Other expenses	1050.323	999.583	793.556
	TOTAL	6004.357	5523.123	4430.749
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	1270.888	1033.305	859.949
Less	FINANCIAL EXPENSES	7.270	14.701	14.321
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	1263.618	1018.604	845.628
Less/ Add	DEPRECIATION/ AMORTISATION	88.883	117.317	104.693
	PROFIT/ (LOSS) BEFORE TAX	1174.735	901.287	740.935
Less	TAX	411.446	311.107	253.498
	PROFIT/ (LOSS) AFTER TAX	763.289	590.180	487.437
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	2037.025	2127.966	1807.795
	TOTAL EARNINGS	2037.025	2127.966	1807.795
	IMPORTS
	Raw Materials	1386.837	1587.752	1279.918
	Components and Stores parts	1.967	2.038	0.000
	Capital Goods	51.910	54.891	9.430
	TOTAL IMPORTS	1440.714	1644.681	1289.348
	Earnings / (Loss) Per Share (INR)	283.77	219.41	181.21

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2016	31.03.2015	31.03.2014
Current Maturities of Long term debt	NA	NA	NA
Net cash flows from (used in) operations	1588.306	704.124	954.846
Net cash flow from operating activity	1196.938	389.100	703.691

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Average Collection Days (Sundry Debtors / Income * 365 Days)	29.63	32.06	30.86
Account Receivables Turnover (Income / Sundry Debtors)	12.32	11.39	11.83
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	84.63	71.57	88.25
Inventory Turnover (Operating Income / Inventories)	1.05	0.77	0.80
Asset Turnover (Operating Income / Net Fixed Assets)	1.05	1.08	1.04

LEVERAGE RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.40	0.51	0.49
Debt Equity Ratio (Total Liability / Networth)	0.00	0.00	0.00
Current Liabilities to Networth (Current Liabilities / Net Worth)	0.70	1.07	0.99
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.50	0.57	0.55
Interest Coverage Ratio (PBIT / Financial Charges)	174.81	70.29	60.05

PROFITABILITY RATIOS

PARTICULARS		31.03.2016	31.03.2015	31.03.2014
Net Profit Margin ((PAT / Sales) * 100)	%	10.63	9.14	9.29
Return on Total Assets ((PAT / Total Assets) * 100)	%	18.06	16.74	15.95
Return on Investment (ROI) ((PAT / Networth) * 100)	%	31.32	35.26	32.38

SOLVENCY RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Current Ratio (Current Assets / Current Liabilities)	1.73	1.40	1.47
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	1.02	0.65	0.74
G-Score Ratio Financial (Networth / Total Assets)	0.58	0.47	0.49
G-Score Ratio Debt (Debts / Equity Capital)	0.00	0.00	0.00
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.73	1.40	1.47

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	31.03.2014	31.03.2015	31.03.2016
	INR In Million	INR In Million	INR In Million
Share Capital	268.983	268.983	268.983
Reserves & Surplus	1236.609	1404.673	2167.962
Share Application money pending allotment	0.000	0.000	0.000
Net worth	1505.592	1673.656	2436.945
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	31.03.2014	31.03.2015	31.03.2016
	INR In Million	INR In Million	INR In Million
Sales	5246.410	6454.624	7178.335
		23.029	11.212

NET PROFIT MARGIN

Net Profit Margin	31.03.2014	31.03.2015	31.03.2016
	INR In Million	INR In Million	INR In Million
Sales	5246.410	6454.624	7178.335
Profit	487.437	590.180	763.289
	9.29%	9.14%	10.63%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	Yes
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	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

NOTE: Registered office of the company has been shifted from 53, Madhuban, Near Madhalpur Underbridge, Ellisbridge, Ahmedabad – 380006, Gujarat, India to the present address.

CORPORATE INFORMATION

Subject (‘The Company’) is engaged in the manufacturing and selling of plastics processing machineries and components thereof.

STATE OF AFFAIRS OF THE COMPANY

During the year, the Company registered growth of 11.21% (INR 7178.340 Million over INR 6454.620 Million). The Company achieved this growth, inspite of challenging macro-economic scenario world-wide.

The continuous adoption of overall cost reduction initiative has resulted in mitigating the adverse effect of increase in material cost and Rupee depreciation.

The Company achieved a landmark of delivering 10,001st machine during year under review.

During the year, the Company received the following awards of high repute:

1. 12th National Award for Excellence in Cost Management 2014 – Third Award, in the category of Private Manufacturing Organization - Medium

2. 13th National Award for Excellence in Cost Management 2015 – First Award, in the category of Private Manufacturing Organization- Medium

INDEX OF CHARGES:

SNo	SRN	Charge Id	Charge Holder Name	Date of Creation	Date of Modification	Date of Satisfaction	Amount	Address
1	B20604971	10082606	BANK OF BARODA	22/12/2007	26/08/2011	-	220000000.0	2ND FLOOR, BANK OF BARODA TOWERS, OPPOSITE LAW GARDEN, ELLISBRIDGE, AHMEDABAD – 380006, GUJARAT, INDIA
2	B19815232	80010854	HDFC BANK LIMITED	30/09/2005	05/08/2011	-	220000000.0	HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI – 400013, MAHARASHTRA, INDIA
3	B76655992	10116743	IDBI Bank Limited	24/07/2008	08/10/2011	03/06/2013	350000000.0	IDBI COMPLEX, OPPOSITE MUNICIPAL QUARTERS, OFF C. G. ROAD, AHMEDABAD 380006, GUJARAT, INDIA
4	A33987553	80010852	ICICI BANK	27/10/2005	-	03/03/2008	90000000.0	JMC HOUSE, AHMEDABAD – 380006, GUJARAT, INDIA

CONTINGENT LIABILITIES:

(INR in million)

PARTICULARS	31.03.2016	31.03.2015
Claims against company not acknowledged as debt	89.018	52.985
Other money for which company is contingently liable	25.749	83.655

FIXED ASSETS

• Land
• Buildings
• Office building
• Factory building
• Plant and equipment
• Factory equipments
• Furniture and fixtures
• Vehicles
• Motor vehicles
• Office equipment
• Computer equipments

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 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 66.01
UK Pound	1	INR 92.72
Euro	1	INR 81.45

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	PRY
Report Prepared by :	SUJ

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.