MIRA INFORM REPORT

Report No. :	489612
Report Date :	02.02.2018

IDENTIFICATION DETAILS

Name :	UNITED WAY MUMBAI
Registered Office :	309, Nirman Kendra, Famous Studio Lane, Dr. E. Moses Road, Mahalaxmi Estate, Mumbai-400011, Maharashtra
Tel. No.:	91-22-24937676 / 7679 / 7680 / 7681 / 7682 / 7683 / 7685
Country :	India
Financials (as on) :	31.03.2016
Year of Establishment :	1961
Total Funds :	INR 150.373 Million
IEC No.:	Not Divulged
GSTIN :	Not Divulged
TIN No.:	Not Divulged
PAN No.: [Permanent Account No.]	AAATU0734D
Legal Form :	Trust
Line of Business :	It is an Event Organizer/Social Campaigns and involved in CSR activities on behalf of corporates. [From Indirect Sources]
No. of Employees :	Information denied 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+	Low Risk	Business dealings permissible with low risk of default

Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	United Way Mumbai is a part of ‘United Way’ which is engaged in improving lives by mobilizing the caring power of communities to advance the common good. It is connected with more than 400+ NGOs and large number of corporates for their CSR programmes, workplace giving campaigns and other events. It was established in the year 1961 and it is a mainly involved in the area of civic awareness, health, safety and greening. It has also taken large initiative to design and facilitate in the areas of education, nutrition and sanitation in urban and rural communities. United Way is a 128 year old worldwide movement engaged in nearly 1800 communities across 41 countries and territories worldwide. Through its global network, trust has raise over $5 billion annually and impact up to 50 million people every year by focusing on education, income and health - the building blocks for a good quality of life and a strong community.   Trust has been involved in many events such as Mission Mangroves, Tata Mumbai Marathon, United Road Safety, Project Poshan: Fight against Malnutrition, Project Ankur, Live United against Diabetes and Let’s READ. In the month of December, Let’s READ event was conducted by the trust in Sion Public School and it was supported by IFFCO Tokio for the aim to bring the world of story books and reading under one roof for the school children. Mumbai Marathon event is the Asia’s largest marathon and its biggest mass participation event. It is managed by the trust and raised over 196 crores through participation from more than 55 NGOs in the Mumbai Marathon in past 14 years. As per available financials of March 2016, the trust has raised a sound fund from Mumbai Marathon, Payroll Giving Program and Corporate Grant. Aditya Birla Education Trust-Project Mpower, Aid for Social Change and Welfare Association, All India Institute of Diabetes and Research, Apollo Tyres Foundation, Asian Cancer Foundation, Bajaj Public Charitable Trust, Blue Star Foundation, Yuvraj Singh Foundation and Bharatiya Samaj Seva Kendra are the trust and NGOs associated with the trust. Trust has also been involved in some disaster management activities through flood relief programs in the areas of Jammu and Kashmir, Karnataka, Andhra Pradesh and Mumbai. Payments seems to be regular. In view of aforesaid, the trust 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.

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 31-03-2016.

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 02.02.2018

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. Sandeep
Designation :	Accounts Department
Contact No.:	91-22-24937680
Date :	02.02.2018

LOCATIONS

Registered Office :	309, Nirman Kendra, Famous Studio Lane, Dr. E. Moses Road, Mahalaxmi Estate, Mumbai-400011, Maharashtra, India
Tel. No.:	91-22-24937676 / 7679 / 7680 / 7681 / 7682 / 7683 / 7685
Fax No.:	Not Available
E-Mail :	contact@unitedwaymumbai.org
Website :	https://www.unitedwaymumbai.org

BOARD OF TRUSTEES

Name :	Homi R Khusrokhan,
Designation :	Chairman
Name :	Rohit Adya
Designation :	Vice-Chairman
Name :	Devendra Bharma
Designation :	Treasurer
Name :	Dr. Indu Shahani
Designation :	Board Member
Name :	Karuna Bhatia
Designation :	Board Member
Name :	Mihir Doshi
Designation :	Board Member
Name :	Pradeep Poddar
Designation :	Board Member
Name :	Radhika Kaji
Designation :	Board Member
Name :	S.K. Mitra
Designation :	Board Member
Name :	Sunil Mehta
Designation :	Board Member
Name :	Sunit Mehra
Designation :	Board Member

KEY EXECUTIVE

Name :	Mr. Sandeep
Designation :	Accounts Department

TEAM

Name :	Aditi Srivastava
Designation :	Executive - Workplace Campaigns
Name :	Ajay Govale
Designation :	Director, Community Impact
Name :	Anil Parmar
Designation :	Director - Community Investment
Name :	Ashwini Pawar
Designation :	Coordinator - Community Impact
Name :	Avijit Chakrovorty
Designation :	Asst. Manager Campaigns
Name :	Aziz A. Bhanvadia
Designation :	Director, Finance
Name :	Dipti Parkar
Designation :	Admin Supervisor
Name :	George J Aikara
Designation :	Chief Operating Officer
Name :	Godfrey Colaco
Designation :	Executive, Community Impact
Name :	Ishita Vora
Designation :	Executive - Corporate Partnerships
Name :	Janet Joseph
Designation :	Executive - Community Investments
Name :	Jayanti Shukla
Designation :	Chief Executive Officer
Name :	Kanchan Awate
Designation :	Asst. Manager - Community Impact
Name :	Kedar Annam
Designation :	Program Officer - Community Investment
Name :	Kirthi Shetty
Designation :	Manager - Community Impact
Name :	Nandita Narvekar
Designation :	Asst Manager, Workplace Campaigns
Name :	Nehal Das
Designation :	Executive - Community Investment
Name :	Nikhil Tambe
Designation :	Office Assistant
Name :	Poonam Wadke
Designation :	Manager, Accounts
Name :	Prachi Nautiyal
Designation :	Director, Corporate Partnerships
Name :	Preeti Iswalkar
Designation :	Coordinator, Operational Accounts
Name :	Rakesh Gamare
Designation :	Executive - Community Investments
Name :	Ram Kamble
Designation :	Executive - Community Impact
Name :	Sanaa Shaikh
Designation :	Director, Investor Relations
Name :	Sancho Fernandes
Designation :	Assistant Manager - Corporate Partnerships
Name :	Shailesh Bhutka
Designation :	Executive - Community Investment
Name :	Shailesh Wagle
Designation :	Asst Manager, Community Investment
Name :	Shiny Shrivastava
Designation :	Assistant Manager - Corporate Grants
Name :	Shruti Khanolkar
Designation :	Coordinator - Campaigns
Name :	Soniya Nagwekar
Designation :	Coordinator - Campaigns
Name :	Suresh Mohite
Designation :	Office Assistant
Name :	Swati Raghunathan
Designation :	Asst. Manager, Communications
Name :	Tara Raghunath
Designation :	Executive - Community Investment

BUSINESS DETAILS

Line of Business :	It is an Event Organizer/Social Campaigns and involved in CSR activities on behalf of corporates. [From Indirect Sources]
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Information denied by the management

Bankers :

Bank Name	Not Divulged
Branch	--
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 :	B S R and Company LLP Chartered Accountants
Address :	5^th Floor, Lodha Excelus Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai-400011, Maharashtra, India
Tel. No.:	91-22-43455300
Fax No.:	91-22-43455399
Membership No.:	103145
Collaborators :	Not Available
Membership :	Not Available
Sister Concern :	Not Available

CAPITAL STRUCTURE

AS ON 31.03.2016

TRUST'S FUNDS OR CORPUS = INR 9.952 Million

OTHER EARMARKED FUNDS

(INR in Million)

Name of fund	Opening balance as at 1April, 2015	Received during the year (Including Interest)	Utllized Disbursed during the year	Balance as at 31 March, 2016
Payroll giving program	16.517	22.120	28.362	10.275
Corporate Grant	45.031	36.975	55.149	26.856
Community Impact	79.687	31.272	22.346	88.613
Standard Chartered Mumbai Marathon	11.209	197.398	193.931	14.677
Total	152.444	287.765	299.788	140.421

TOTAL FUNDS

Total Funds
Trust's Funds or Corpus	INR 9.952 Million
Other Earmarked Funds	INR 140.421 Million
Total :	INR 150.373 Million

FINANCIAL DATA

[all figures are INR Million]

ABRIDGED BALANCE SHEET

PARTICULAR	31.03.2016	31.03.2015	31.03.2014
FUNDS AND LIABILITIES
Trust's Funds or Corpus	9.952	9.952	9.952
Other Earmarked Funds	140.421	152.444	0.000
Loans	0.000	0.000	0.000
Liabilities	21.176	18.230	13.906
Income and expenditure account	53.817	45.448	142.192
TOTAL	225.366	226.074	166.050
PROPERTY AND ASSETS
Immovable properties	0.788	0.486	0.729
Computers, office equipments, furniture and fixtures	1.917	2.148	2.285
Loans	0.000	1.000	0.000
Advances	7.303	5.360	5.310
Income outstanding	4.230	4.017	2.972
Cash and bank balance	211.128	213.063	154.754
TOTAL ASSETS	225.366	226.074	166.050

PROFIT & LOSS ACCOUNT

PARTICULAR	31.03.2016	31.03.2015	31.03.2014
INCOME
Rent	0.000	0.000	0.000
Interest	13.032	11.489	12.289
Miscellaneous income	0.763	0.834	0.891
Dividend	0.000	0.000	0.000
Donations in cash or kind	309.143	246.464	320.490
TOTAL INCOME	322.938	258.787	333.670
EXPENDITURE
Expenditure in respect of properties	0.000	0.000	0.000
Establishment expenses
Salaries	11.951	10.293	13.209
Professional services	0.351	0.271	0.169
Travelling and conveyance	0.547	0.656	0.286
Communication charges	0.137	0.107	0.132
Courier	0.028	0.018	0.006
Campaign expenses	0.150	0.000	0.000
Community impact expenses	2.909	5.735	0.000
Corporate grant expenses	10.589	0.000	0.000
Employee engagement programme expenses	1.826	0.000	0.000
Payroll giving expenses	0.215	2.582	1.414
Marathon	22.191	20.536	10.669
Electricity	0.162	0.161	0.194
Office expenses	0.054	0.011	0.029
Gratuity	0.247	0.195	0.177
Change report expenses	0.098	0.000	0.000
Rent	2.286	1.965	2.801
Printing and stationery	0.112	0.057	0.105
Insurance	0.166	0.186	0.228
Depreciation	0.783	0.705	0.813
Staff welfare	0.089	0.113	0.085
Membership fee	0.276	0.209	0.103
Miscellaneous expenses	0.030	0.017	0.041
Website hosting charges	0.007	0.051	0.000
Website maintenance services	0.138	0.008	0.000
Leave encashment	0.138	0.214	0.108
AMC and repairs and maintenance - others	0.171	0.050	0.115
Remuneration to trustee	0.000	0.000	0.000
Legal encashment	0.000	0.000	0.000
Audit fees	0.095	0.120	0.030
Amount written off	0.000	0.000	0.000
Miscellaneous expenses	2.077	2.551	2.846
Amount transferred to reserve or specific funds	0.000	0.000	0.000
Expenditure on objects of the trust	256.746	209.455	240.875
Half stories project expenses	0.000	0.449	0.160
Oberoi melting pot project expenses	0.000	0.183	0.000
Mumbai helpline project expenses	0.000	0.000	2.945
MPAUT project expenses	0.000	0.000	0.841
Uttarakhand project expenses	0.000	0.000	0.106
Maadyam project expenses	0.000	0.000	0.725
TOTAL EXPENDITURE	314.569	256.898	279.212
SURPLUS / (DEFICIT) CARRIED OVER TO BALANCE SHEET	8.369	1.889	54.458

Note: Sole Proprietary and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry Records.

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	No
10	Date of Birth of Proprietor / Partners / Directors	No
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	No
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	No
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	No
31	External Agency Rating, if available	No
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

PRESS RELEASE / WEBSITE DETAILS

MUMBAI MARATHON 2018: FROM SENIOR CITIZENS TO FITNESS TRAINERS, HOW THE MAXIMUM CITY GEARS UP TO RUN

Date: Jan 20, 2018

“As I was warming up for the 21 kilometre event last year, at the Mumbai Marathon, I saw three suave and cheerful gentlemen stretching their muscles nearby,” says Mahendra Chiplunkar, former table-tennis international and now coach. “I was amazed when one of them told me their ages; my eyes went moist and out of sheer respect, I touched their feet.” The most jovial among them was 85, and the others — who were quite cheery as well — were in their late 70s!

Chiplunkar, who has participated in all 14 editions of the Mumbai Marathon – earlier The Standard Chartered Mumbai Marathon which is now The Tata Mumbai Marathon, believes that the event is a true-to-life representation of the maximum city. “I am a Chhatrapati awardee,” says the celeb paddler, “but it is the senior citizens, the handicapped persons and the other men and women of the city – from all walks of life – who have made this the world event it is today. They are the ones who deserve awards.”

“The Mumbai Marathon represents the spirit of Mumbai,” says Dr A Kumarswamy, a prominent city dentist and implantologist, who has been a regular participant in the ‘Dream Run’ event over the years. “More and more world-class marathoners are now part of the event. But the real winners, if you ask me, are the ordinary Mumbaikars who display such enthusiasm and add festive fervour to the run.”

He says that it is heart-warming to see entire families taking part in the event. It is, for him, a sort of a ‘family’s days out’, with some members participating and a few egging them on.

With a mischievous grin, the good doctor also adds, “Where else will you find Bollywood stars and celebrities standing aside and cheering you as you jog along? For me it is a VIP moment!”

Former fast bowler Vijay Alva runs a fitness academy at Shivaji Park. A fitness fanatic himself, he has run the 21 kilometre race at every Mumbai Marathon since its inception in 2004. “The event has been a boon to Mumbaikars in the sense that daily workouts have now become a part of people’s lifestyles. It has created awareness about the benefits of health and fitness, and feeling good about oneself,” he says.

Though Alva’s academy doesn’t train people specifically for the marathon, he says that quite a few of his trainees participate in the half-marathon, and other road-races and ultra-marathons all over the country. “We do cross-fit training, six days a week. Marathon running is just one of the benefits that my trainees derive from the workouts,” adds the cricketer-turned-trainer.

“In the past, we had at least 15 members participating in the 42 kilometre run, but this year we shall have only four in the gruelling event,” he says. “Most of them aren’t professional athletes but participate to improve their timings. They compete against themselves – it’s a personal battle.”

“On Sunday, I shall be running the half-marathon with a bunch of my trainees. My primary focus will be to set the pace and encourage them to slash a few minutes from their best timings. That will not only make them feel good but will also help motivate them to work harder in the months to come,” says Alva.

A property of Procam International Pvt Ltd., now sponsored by the Tatas, the 2018 Mumbai Marathon is expected to attract around 44,000 participants. 14 years ago, the participation level barely touched 20,000 athletes – both professional and amateur.

The different events that will commence from various places in the city on 21 January will be the Marathon (42.194 kilometres), Half Marathon (21.097 kilometres), Dream Run (6 kilometres), Senior Citizens Race (4.3 kilometres), Champions with Disability category (2.4 kilometres) and the Timed 10K run (newly added).

The Mumbai event is now Asia’s largest marathon and its biggest mass participation event. Besides, it is the richest race in the country with a prize of $405,000 on offer. The face of the event is Bollywood actor John Abraham and the international ambassador of the Mumbai Marathon for 2018 is legendary pole-vaulter, Sergey Bubka, who during an illustrious career set 35 world records.

Event ambassadors in the past have included ‘hall of famers’ like Michael Johnson, Steve Ovett, Linford Christie, Gail Devers, Haile Gebrselassie, Marion Bartolli, and Ed Moses, besides our very own Vijay Amritraj and Anju Bobby George.

Some of the world-class marathoners who have won the event include John Kelai (Kenya), Jackson Kiprop (Uganda) and Gideon Kipketer (Kenya) in the men’s section and Mulu Seboka (Ethiopia), Yang Fengxia (China) and Valentine Kipketer (Kenya) in the women’s section. Kenyans Gideon and Valentine Kipketer hold the record for the fastest timings over 42 kilometres in the Mumbai Marathon.

One of the top marathons in the world, the event also provides an international platform for philanthropic activity. Managed by United Way Mumbai, the event’s philanthropy partners, over INR 1960.000 million have been raised by more than 55 NGOs through their participation in the Mumbai Marathon over the last 14 years.

The event has also brought to the forefront, during the last decade and a half, some extremely heart-touching human interest stories. The story for 2018 could be that of a chartered accountant who not only survived a fall from a building but also defeated cancer to become a participant of the 42 kilometre run on Sunday. Such is the stuff that Mumbaikars are made of.

Fitness trainer Alva says that the Mumbai Marathon has been successful in changing the fitness mindset of the entire city. “The organisers, however, have a lot more to do if India has to produce world-class athletes; especially marathoners,” he feels.

The promotions for the Mumbai Marathon begin only a few months before the event takes place on the third Sunday of January. “With so much at stake, the various partners of the property, in conjunction with Tatas, could have year-long programmes like train-the-trainers, athletics and fitness programmes for schools, talks and discussions involving top Olympians and what have you,” opines Alva. “This would help Indian athletics in the long run.”

It was only a couple of weeks ago that the city fathers were directed by the courts to grant permission for the Mumbai Marathon to be held. The contentious issues had been fees to be paid to the Brihanmumbai Municipal Corporation (BMC) and the display of publicity posters, besides putting up water kiosks on the city’s streets during the event.

It would perhaps be advantageous, in future, for Procam International Private Limited to make BMC a partner in the high-profile event. After all, the Mumbai Marathon now belongs to the city of Mumbai and its people!

Come Sunday, Dr Kumarswamy will not be a participant of the ‘Dream Run’, for the first time in many years, because of a back muscle strain. Be sure to find him in the crowd, though, cheering his fellow Mumbaikars as the event rolls on!

The author is a caricaturist and sportswriter. A former fast bowler, he is also a coach, sports administrator and a mental toughness trainer

IFFCO TOKIO SUPPORTS UNITED WAY MUMBAI LET’S READ INITIATIVE

The school children, who come from marginalized communities, were given a set of five new beautifully designed and culturally relevant books that they could take home.

Date: January 25, 2018

MUMBAI: United Way Mumbai conducted a Let’s READ event in Sion Mumbai Public School, on the December 14, 2017.

The event, supported by IFFCO Tokio, aimed to bring the world of story books and reading under one roof for the school children.

The children were also treated to a day filled with fun, learning and the magic and wonder of books, through two storytelling sessions, conducted by gifted professional storytellers. The sessions were interactive, bringing the stories to life for the children, who participated enthusiastically, throughout. Art and craft activities helped the children picturize their favourite stories and also stressed the importance of activity based learning.

The school children, who come from marginalized communities, were given a set of five new beautifully designed and culturally relevant books that they could take home. At the event, 320 books were distributed to 64 children and 1 mini library consisting of 125 story books was donated to the school.

Let’s READ is a United Way Mumbai initiative aiming to nurture a love for books and reading among children living in marginalized communities. Through this project, It set up mini libraries, gift book sets, train NGO teachers and conduct workshops for students.

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 63.61
UK Pound	1	INR 90.18
Euro	1	INR 78.95

INFORMATION DETAILS

Information Gathered by :	SHL
Analysis Done by :	VIV
Report Prepared by :	BHG

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	NO
--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.