MIRA INFORM REPORT

Report No. :	493987
Report Date :	28.02.2018

IDENTIFICATION DETAILS

Name :	DAMAN POLYTHREAD LIMITED (w.e.f 11.01.2012)
Formerly Known As :	DAMAN POLYTHREAD PRIVATE LIMITED
Registered Office :	Plot No.732/ 736, Opposite Ringanwada Government School, Dabhel, Nani Daman – 396 210, Union Territory
Tel. No.:	91-260-3201110
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	01.11.1999
Com. Reg. No.:	11-004750
Capital Investment / Paid-up Capital :	INR 28.092 Million
CIN No.: [Company Identification No.]	U17231DD1999PLC004705
IEC No.: [Import-Export Code No.]	5299003196
TAN No.: [Tax Deduction & Collection Account No.]	MUMD12902B
GSTN : [Goods & Service Tax Registration No.]	Not Divulged
PAN No.: [Permanent Account No.]	AABCD0702E
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacture of synthetic or artificial fibres and tows Manufacture of single yarns (including high-tenacity yarn and yarn for carpets) of synthetic or artificial fibres (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

Maximum Credit Limit :	USD 640000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject was incorporated in the year 1999 and it is manufacturer and exporter of polypropylene multifilament yarn and narrow woven fabrics. As per financials of March 2017, the company has registered decline in its revenue as compared to its previous year revenue and reported average profit margin of 3.06%. Rating take into consideration the company’s established track record of business operations marked by sound net worth along with low solvency indicators and decent liquidity position. Rating also takes into account the extensive experience of its promoters in the industrial yarn segment and its above-average financial risk profile. Further, the company has reported a good earnings per share of INR 23 against its face value of INR 10. However, rating strength is partially offset by modest scale of operations and susceptibility of its operating margin to volatility in raw material prices. Payment seems to be usually correct. 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

Rating Agency Name	CRISIL
Rating	Long Term Rating = BBB
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	24.01.2018

Rating Agency Name	CRISIL
Rating	Short Term Rating = A3+
Rating Explanation	Moderate degree of safety and higher credit risk.
Date	24.01.2018

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 27.02.2018

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. Arshad Kaudia
Designation :	Not Divulged
Contact No.:	91-980975582
Date :	25.02.2018

LOCATIONS

Registered Office / Factory :	Plot No.732/ 736, Opposite Ringanwada Government School, Dabhel, Nani Daman – 396 210, Union Territory, India
Tel. No.:	91-260-3201110 / 61441900
Mobile No.:	91-9870634528 (Mr. Naresh)
Fax No.:	91-260-2240208
E-Mail :	info@damanpolythread.com adminmum@damanpolythread.com
Website :	http://www.damanpolythread.com
Location :	Owned
Location :	Commercial
Corporate Office 1:	603/604, Marathon Icon, Marathon Next Gen Complex, off. G.K. Marg, Mower Parel, (West), Mumbai – 400013, Maharashtra, India
Tel. No.:	91-22-61441900
Fax No.:	91-22-61441901
Corporate Office 2 :	5, Mirza Street, 1^st Floor, Mumbai – 400003, Maharashtra, India
Tel. No.:	91-22-23428993 / 23428720
Fax No.:	91-22-23428146
E-Mail :	sales@damanpolythread.com
Factory 2:	Plot No. 733/1-5, Oppsoite Ringanwada Government – School, Near V-Trans India Limited, Village Dabhel, Nani Daman – 396210, Uttar Pradesh, India
Tel. No.:	91-260-2244387 / 3263940
Fax No.:	91-260-2240208
E-Mail :	Asmindaman2@damanpolythread.com

DIRECTORS

As on 31.03.2017

Name :

Mr. Mustafa Mansoor Kudia

Designation :

Managing director

Address :

Flat No. 7, 3^rd Floor, Zaveri Mansion, Gell Street, Agripada, Mumbai – 400011, Maharashtra, India

Date of Birth/Age :

28.10.1978

Qualification :

B.COM

Date of Appointment :

01.04.2010

PAN No.:

AEFPK2627C

DIN No.:

00041396

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U17121MH2010NPL199093	INDIAN TECHNICAL TEXTILE ASSOCIATION	02/09/2016	-

Name :

Mr. Mujammil Mansoor Kudia

Designation :

Whole-time director

Address :

Flat No. 7, 3rd Floor, Zaveri Mansion, Motlibai Street, Agripada, Mumbai – 400008, Maharashtra, India

Date of Birth/Age :

17.02.1981

Qualification :

BE, Electronics

Date of Appointment :

01.02.2014

PAN No.:

AFHPK8782R

DIN No.:

00041448

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U25209MH1989PTC053369	SAHIL PLASTIC PRIVATE LIMITED	30/09/2014	-

Name :

Mr. Mansoor Haroon Kudia

Designation :

Director

Address :

Flat No. 7, 3^rd Floor, Zaveri Mansion, Gell Street, Agripada, Mumbai – 400011, Maharashtra, India

Date of Birth/Age :

05.04.1953

Qualification :

12th Pass

Date of Appointment :

11.08.2001

PAN No.:

AAHPM7734N

DIN No.:

00041567

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U25209MH1989PTC053369	SAHIL PLASTIC PRIVATE LIMITED	01/04/2010	-
U26920MH1986PTC040931	HUMA POLY PLAST PRIVATE LIMITED	05/12/1995	-
U74999MH1993PTC075288	NOORI BARKATI ESTATES PRIVATE LIMITED	09/02/1998	-

Name :

Mr. Mohammed Maaz Mansoor Kudia

Designation :

Whole-time director

Address :

Zaveri Mansion, 3^rd Floor, Flat No.7, 2^nd Motlibai Street, Agripada, Mumbai – 400011, Maharashtra, India

Date of Birth/Age :

22.10.1986

Qualification :

MBA, Marketing

Date of Appointment :

01.04.2008

PAN No.:

AZDPK0428L

DIN No.:

02027578

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2017

Names of Equity Shareholders	No. of Shares
Mansoor Kudia	200500
Mustafa Kudia	200500
Mujammil Mansoor Kudia	200500
Mohammed Maaz Mansoor Kudia	200500
Munira Mansoor Kudia	200500
Toufiq Haroon Kudia	112000
Safiya Mustafa Kudia	83500
Mahenoor Mujammil Kudia	83500
Firadus Maz Kudia	83000
Gazala Fazal Kudia	73000
Yasmin Toufiq Kudia	57500
Sadik T. Kudia	45600
Javed Haroon Kudia	55100
Rafik Haroon Kudia	51000
Junaid Toufiq Kudia	48500
Farooq H. Kudia	44500
Asma Haroon Kudia	23500
Jamila Haroon Tabani	28000
Rafiq H. Kudia / Rauf Surti / Mansoor Kudia	20000
Mehzabeen Junaid Kudia	16500
Ujjair Kudia	16000
Talat Sadiq Kudia	18500
Saba Mustafa Kudia	5500
Mubessira Fazal Kudia	2500
Zaid Toufiq Kudia	4000
Saira Rafiq Kudia	2500
Parveen Farooq Kudia	12500
Gulbanoo J. Nursumar	17500
Naseem Mustafa Kudia	12500
Total	1919200

Names of Preference Shareholders	No. of Shares
Huma Polyplast Limited	48500
Mohammed Maaz Mansoor Kudia	12299
Gazala Fazal Kudia	3998
Gulbano J. Nursumar	3165
Jamila Haroon Tabani	1865
Javed Haroon Tabani	3333
Rubina Javed Kudia	2663
Soiba Impran Kudia	2163
Saira Rafiq Kudia	1166
Asma Haroon Kudia	1333
Ashok Shobhagmal Jain	1000
Mubessira Faizal Kapadia	1665
Parveen Farooq Kudia	333
Naseem Mustafa Kudia	1331
Farida Rafik Sheikha	833
Sana Ujjair Kudia	3350
Total	88997

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2017

Category	Percentage
Promoter – (Individual/ Hindu Undivided Family – Indian)	41.79
Public – (Individual/ Hindu Undivided Family – Indian	58.21
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacture of synthetic or artificial fibres and tows, manufacture of single yarns (including high-tenacity yarn and yarn for carpets) of synthetic or artificial fibres (Registered activity)

Products :

Item Code No.	Product Description
58063200	Other narrow woven fabrics of man-made fibre
54025910	Polypropylene Filament Yarn
1311	Manufacture of synthetic or artificial fibres and tows, manufacture of single yarns (including high-tenacity yarn and yarn for carpets) of synthetic or artificial fibres
1312	Manufacture of narrow fabrics

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	HDFC Bank Limited
Branch	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 :

Secured Loan	31.03.2017 (INR in Million)	31.03.2016 (INR in Million)
Long-term Borrowings
Rupee term loans from banks	37.266	55.532
(Term Loan are secured against the plant and Machinery and against vehicles)
Short-term borrowings
Loans repayable on demand from banks	0.000	8.813
Total	37.266	64.345

Auditors :
Name :	M.A. Parekh and Associates Chartered Accountants
Address :	543, Kalbadevi Road, Ravindra House, 2^nd Floor, Near Metro, Mumbai – 400002, Maharashtra, India
Tel. No.:	91-22-22073701/ 02
E-Mail :	ca.maprekh@gmail.com
PAN N Income-tax PAN of auditor or auditor's firm :	AACPP6839J
Memberships :	Not Available
Collaborators :	Not Available
Associates ;	Plastic Cottage Industries, India
Others:	Sahil Plastic Private Limited, India Noori Barkati Estates Private Limited, India Bhaijaan Stores, India

CAPITAL STRUCTURE

As on 31.03.2017

Authorised Capital :

No. of Shares	Type	Value	Amount
2500000	Equity Shares	INR 10/- each	INR 25.000 Million
200000	Preference Shares	INR 100/- each	INR 20.000 Million
	Total		INR 45.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1919200	1,919,200	INR 10/- each	INR 19.192 Million
88997	88,997	INR 100/- each	INR 8.900 Million
	Total		INR 28.092 Million

FINANCIAL DATA

[all figures are in 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	28.092	28.092	28.092
(b) Reserves & Surplus	197.879	168.966	135.941
(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)	225.971	197.058	164.033
(3) Non-Current Liabilities
(a) long-term borrowings	107.956	114.247	131.489
(b) Deferred tax liabilities (Net)	0.028	0.028	0.046
(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)	107.984	114.275	131.535
(4) Current Liabilities
(a) Short term borrowings	0.000	8.813	21.497
(b) Trade payables	31.978	33.087	29.910
(c) Other current liabilities	30.628	39.540	35.452
(d) Short-term provisions	28.387	32.235	20.310
Total Current Liabilities (4)	90.993	113.675	107.169
TOTAL	424.948	425.008	402.737
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	196.567	225.227	223.310
(ii) Intangible Assets	0.046	0.055	0.065
(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	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.557	0.066	0.579
(d) Long-term Loan and Advances	1.625	1.770	0.593
(e) Other Non-current assets	0.174	0.174	0.174
Total Non-Current Assets	198.969	227.292	224.721
(2) Current assets
(a) Current investments	0.025	0.025	0.025
(b) Inventories	75.881	61.214	56.724
(c) Trade receivables	103.002	90.097	86.778
(d) Cash and cash equivalents	3.160	6.328	6.536
(e) Short-term loans and advances	43.911	40.052	27.953
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	225.979	197.716	178.016
TOTAL	424.948	425.008	402.737

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017	31.03.2016	31.03.2015
	SALES
	Income	945.870	1015.956	906.326
	Other Income	12.742	2.353	1.570
	TOTAL	958.612	1018.309	907.896
Less	EXPENSES
	Cost of Materials Consumed	668.302	695.328	663.813
	Purchases of Stock-in-Trade	0.000	0.000	0.000
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(13.945)	(1.069)	(11.828)
	Employees benefits expense	81.613	72.830	54.856
	CSR Expenditure	1.040	0.000	0.000
	Other expenses	127.469	136.674	120.927
	TOTAL	864.479	903.763	827.768
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	94.133	114.546	80.128
Less	FINANCIAL EXPENSES	18.036	21.164	20.229
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	76.097	93.382	59.899
Less/ Add	DEPRECIATION/ AMORTISATION	37.572	38.841	30.049
	PROFIT/ (LOSS) BEFORE TAX	38.525	54.541	29.850
Less	TAX	9.602	21.513	9.917
	PROFIT/ (LOSS) AFTER TAX	28.923	33.028	19.933
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	149.188	197.273	131.291
	TOTAL EARNINGS	149.188	197.273	131.291
	IMPORTS
	Raw Materials	40.610	24.679	36.189
	Capital Goods	0.000	18.855	4.823
	TOTAL IMPORTS	40.610	43.534	41.012
	Earnings / (Loss) Per Share (INR)	23.00	26.00	16.00

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2017	31.03.2016	31.03.2015
Current Maturities of Long term debt	23.508	31.587	26.086
Net cash flows from (used in) operations	30.520	91.981	116.361
Net cash flows from (used in) operating activities	39.126	92.089	126.673

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Average Collection Days (Sundry Debtors / Income * 365 Days)	39.75	32.37	34.95
Account Receivables Turnover (Income / Sundry Debtors)	9.18	11.28	10.44
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	17.47	17.37	16.45
Inventory Turnover (Operating Income / Inventories)	1.24	1.87	1.41
Asset Turnover (Operating Income / Net Fixed Assets)	0.48	0.51	0.36

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.52	0.61	0.66
Debt Equity Ratio (Total Liability / Networth)	0.58	0.78	1.09
Current Liabilities to Networth (Current Liabilities / Net Worth)	0.40	0.58	0.65
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.87	1.14	1.36
Interest Coverage Ratio (PBIT / Financial Charges)	5.22	5.41	3.96

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
Net Profit Margin ((PAT / Sales) * 100)	%	3.06	3.25	2.20
Return on Total Assets ((PAT / Total Assets) * 100)	%	6.81	7.77	4.95
Return on Investment (ROI) ((PAT / Networth) * 100)	%	12.80	16.76	12.15

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	2.48	1.74	1.66
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	1.65	1.20	1.13
G-Score Ratio Financial (Networth / Total Assets)	0.53	0.46	0.41
G-Score Ratio Debt (Debts / Equity Capital)	4.68	5.51	6.37
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	2.48	1.74	1.66

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	28.092	28.092	28.092
Reserves & Surplus	135.941	168.966	197.879
Share Application money pending allotment	0.000	0.000	0.000
Net worth	164.033	197.058	225.971
Long Term borrowings	131.489	114.247	107.956
Short Term borrowings	21.497	8.813	0.000
Current Maturities of Long term debt	26.086	31.587	23.508
Total borrowings	179.072	154.647	131.464
Debt/Equity ratio	1.092	0.785	0.582

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	906.326	1015.956	945.870
		12.096	(6.899)

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	906.326	1015.956	945.870
Profit	19.933	33.028	28.923
	2.20%	3.25%	3.06%

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

OVERVIEW OF OPERATIONS:

Revenue from Operations for the year is INR 945.870 Million as against INR 1018.309 Million during the preceding year and Profit after Tax is INR 28.923 Million as against INR 33.028 Million during the preceding year. The Company has planned strategically for the next year. The continuous guidance of Directors will help the Company to achieve its desired goal.

COMPANY'S AFFAIRS, FUTURE OUTLOOK and EXPANSION PLAN:

Their Company continues to expand its manufacturing facilities. Technological up gradation in its plant and machinery is an ongoing process which will further improve the performance of their company. The management continues to lay emphasis on exports of value added products and expanding market is their Company's priority. The leading Multifilament Yarn Plant has stabilized and the product has been established in the market. The management is exploring new avenues in this segment.

FINANCIAL PERFORMANCE AND OVERVIEW:

Overall the operations of the Company improved and the efforts should have got reflected in the financial statements. However recent changes in regulations and accounting standards particularly relating to depreciation required the Company to change policies to comply with the new changes. This adversely affected the figures for the year.

The Directors realize that it is important to optimize costs and have initiated steps that should result in lower overheads in the next fiscal.

UNSECURED LOAN

Unsecured Loan	31.03.2017 (INR in Million)	31.03.2016 (INR in Million)
Long-term Borrowings
Intercorporate deposits	59.700	19.700
Loans and advances from directors	10.990	39.015
Total	70.690	58.715

INDEX OF CHARGES:

SNo	SRN	Charge Id	Charge Holder Name	Date of Creation	Date of Modification	Date of Satisfaction	Amount	Address
1	C82113473	10442844		27/06/2013	25/01/2016	-	207870000.0	HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI – 400013, MAHARASHTRA, INDIA
2	B87656609	80010843		21/09/2005	29/12/2012	10/10/2013	146450000.0	Mangaldas Market Branch, 375/382, Kitchen Garden Lane, 1st Floor, Mumbai – 400002, MAHARASHTRA, INDIA

FIXED ASSETS

• Land
• Buildings
• Office building
• Factory building
• Factory equipments
• Plant and equipment
• Factory equipments
• Plant and equipment
• 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 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 64.66
UK Pound	1	INR 90.65
Euro	1	INR 79.69

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	VIV
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.