MIRA INFORM REPORT

Report No. :	516252
Report Date :	26.06.2018

IDENTIFICATION DETAILS

Name :	KUMAR BEHARAY PROPERTIES LLP
Registered Office :	"Construction House", 796/189-B, Bhandarkar Institute Road, Deccan Gymkhana, Pune – 411004, Maharashtra
Tel. No.:	91-20-25670675 / 25676982 / 25679489
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	31.10.2012
LLPIN No.:	AAB-1934
Total Obligation of Contribution:	INR 1.000 Million
TIN / CST No.:	27921031716
PAN No.: [Permanent Account No.]	Not Divulged
GSTN : [Goods & Service Tax Registration No.]	Not Divulged
Legal Form :	Limited Liability Partnership
Line of Business :	Construction activity. [Registered Activity]
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 :

B

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Maximum Credit Limit :	USD 403000 In INR 28200000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a limited liability firm established in the year 2012 and it is engaged in construction activity. As per financials of March 2017, the firm has registered decent revenue from its operations and has reported good profit margin. Rating takes into consideration the firm’s limited track record of business operations along with moderate financial risk profile and unfavourable gap between its trade payables to its trade receivables. Rating is further constrained on account of highly competitive and huge working capital requirement construction industry. Payments seems to be slow but correct. In view of aforesaid, the firm can be considered for business dealings with some caution.

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 (31.12.2017)	Current Rating (01.04.2018)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

EXTERNAL AGENCY RATING

NOT AVAILABLE

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2018.

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 26.06.2018

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

Management Non-Cooperative (91-20-25670675 / 25676982 / 25679489)

LOCATIONS

Registered Office :	"Construction House", 796/189-B, Bhandarkar Institute Road, Deccan Gymkhana, Pune – 411004, Maharashtra, India
Tel. No.:	91-20-25670675 / 25676982 / 25679489
Fax No.:	91-20-25679542
E-Mail :	ashokbeharay@gmail.com beharayrathi_group@yahoo.co.in

PARTNERS

AS ON 31.03.2018

Name :

Mr. Kewalkumar Kesarimal Jain

Designation :

Designated Partner

Address :

5, Queens Garden, General Vaidya Marg, Near Residency Club, Camp, Pune – 411001, Maharashtra, India

Date of Appointment :

12.09.2013

DPIN No.:

00034883

Other Directorship:

List of Companies

CIN/FCRN	Company Name	Begin Date	End Date
U45200PN2013PTC147305	PEGASUS REAL ESTATE PRIVATE LIMITED	10/10/2013	-
U74140PN1982PTC027407	VIMAL BUILDRS PRIVATE LIMITED	11/06/1982	-
U74210PN2008PTC131459	JAIN SOMJEE PROPERTIES PRIVATE LIMITED	11/09/2017	-
U99999MH1991PTC064400	APOORVA PROPERTIES AND ESTATES P.LTD.	01/03/1999	-
U45209PN2005PTC021607	SOMMJI KUMAR PROPERTIES PRIVATE LIMITED	15/10/2016	-
U45209PN2005PTC021092	VIRAJ PROJECTS PRIVATE LIMITED	02/08/2005	-
U70101MH2000PTC216236	KUMAR PROPERTIES PRIVATE LIMITED	01/05/2000	-
U70101MH1997PTC109823	TRISMA CONSTRUCTIONS PRIVATE LIMITED	06/05/2004	-
U70100MH1986PTC039052	BHAVANIPETH PROPERTIES AND ESTATES PVT LTD	03/04/1988	-
U01122MH1997PTC106620	KF BIOPLANTS PRIVATE LIMITED	30/09/2014	-
U85199PN1995PTC093509	FISHERS HEALTH RESORT PRIVATE LIMITED	11/10/1995	-
U45200MH1986PTC039173	KEVIN DEVELOPERS PVT LTD	26/09/1993	-
U45202MH1994PTC082994	PARASMANI CONSTRUCTIONS PRIVATE LIMITED	28/09/2010	-
U70102MH1994PTC209282	KUMAR PROPERTIES CONSULTANTS PRIVATE LIMITED	20/04/1994	-
U45201PN1988PTC050143	KARMAKSHETRA BUILDERS PVT LTD	01/09/1994	-
U45201PN1988PTC049873	HIMMAT BUILDERS PRIVATE LIMITED	01/12/1989	-
U70101MH1993PTC071128	CANOPUS BUILDERS PVT.LTD.	28/09/2007	-
U45201PN1988PTC050110	KUMAR KERING PROPERTIES PRIVATE LIMITED	22/09/2008	-
U70101PN1993PTC071127	SUKUMAR TOWNSHIP DEVELOPMENT PVT.LTD.	30/09/2015	-
U55101PN1989PTC051148	DATTA RESORTS PVT LTD	22/09/2008	-
U70101PN1993PTC071136	PAURAVI ESTATE DEVELOPERS PVT.LTD.	24/09/2008	-
U45100PN1991PTC064416	KUMAR AGRO PRODUCTS PRIVATE LIMITED	24/09/2008	-

List of LLP

LLPIN/FLLPIN	LLP Name	Begin Date	End Date
AAG-0951	KUMAR KERING DEVELOPERS LLP	31/03/2016	-
AAG-5402	PAURAVI ESTATE DEVELOPERS LLP	31/05/2016	-
AAI-2638	KUMAR BIOSEEDS AND AGRO PRODUCTS LLP	13/01/2017	-

Name :

Mr. Manish Vimalkumar Jain

Designation :

Designated Partner

Address :

11, Napier Road, Camp, Pune – 411001, Maharashtra, India

Date of Birth/ Age :

24.07.1970

Date of Appointment :

31.10.2012

DPIN No.:

00037571

Other Directorship:

List of Companies

CIN/FCRN	Company Name	Begin Date	End Date
U45309PN2017PTC168934	SANGRIA REAL ESTATE PRIVATE LIMITED	16/02/2017	-
U01122PN2008PTC131951	FUTURA BIOPLANTS PRIVATE LIMITED	06/05/2008	-
U01122PN2008PTC131455	SPLENDOUR AGRO PRIVATE LIMITED	20/02/2008	-
U45200MH1986PTC039173	KEVIN DEVELOPERS PVT LTD	14/12/1993	-
U70109MH1988PTC047969	KUBERA ESTATES PVT LTD	30/09/2000	-
U70101PN2001PTC015909	KUMAR AND POTNIS PROPERTIES PRIVATE LIMITED	22/06/2011	-
U45201PN1988PTC050110	KUMAR KERING PROPERTIES PRIVATE LIMITED	29/09/2011	-
U70101MH1997PTC109823	TRISMA CONSTRUCTIONS PRIVATE LIMITED	27/09/2011	-
U55101PN1989PTC051148	DATTA RESORTS PVT LTD	10/06/2011	-
U01122MH1997PTC106620	KF BIOPLANTS PRIVATE LIMITED	14/03/1997	-
U85199PN1995PTC093509	FISHERS HEALTH RESORT PRIVATE LIMITED	11/10/1995	-
U24110MH1991PTC064017	KUMAR INTERMEDIATES PVT LTD	02/12/1997	-
U70101PN1993PTC071136	PAURAVI ESTATE DEVELOPERS PVT.LTD.	29/09/2011	-
U01110PN1993PTC075777	PRAKRUTI TISSUE CULTURES PRIVATE LIMITED	24/12/1993	-
U45200MH1993PTC075778	PRAKRUTI CONSTRUCTIONS PVT LTD	30/09/2011	-
U45201PN1994PTC077840	VED REAL ESTATE DEVELOPERS PRIVATE LIMITED	24/09/2011	-

List of LLP

LLPIN/FLLPIN	LLP Name	Begin Date	End Date
AAB-9052	SAMYAK PROMOTERS LLP	04/12/2013	01/08/2014
AAG-5402	PAURAVI ESTATE DEVELOPERS LLP	31/05/2016	01/10/2016
AAI-2638	KUMAR BIOSEEDS AND AGRO PRODUCTS LLP	13/01/2017	-
AAM-8050	KUMAR PROPERTIES AND DEVELOPERS LLP	12/06/2018	-

Name :

Mr. Ashok Shreekrishna Beharay

Designation :

Designated Partner

Address :

72/25, Bahar, Vishwamitra Colony, Deccan Gymkhana, Pune – 411004, Maharashtra, India

Date of Birth/ Age :

11.02.1947

Date of Appointment :

31.10.2012

DPIN No.:

00637061

Other Directorship:

List of Companies

CIN/FCRN	Company Name	Begin Date	End Date
U55101MH1979PTC022044	SUYASH HOTELS PVT LTD	30/12/1981	-
U70101MH1981PTC024141	RATHI TECHSERVICES PRIVATE LIMITED	10/06/2004	-
U45201PN1982PTC026416	VISHWAMITRA RATHI BUILDERS PRIVATE LIMITED	01/04/1996	-
U26956MH1982PTC028214	VARSHA AGROPLAST PVT LTD	04/10/1991	-
U45209PN1983PLC030684	PUNE CONSTRUCTION ENGINEERING RESEARCH FOUNDATION.	14/09/2004	-
U29299MH1984PTC034780	POONA COUPLINGS PVT LTD	15/06/2003	-
U34300PN1985PTC035877	INDO SCHOTTLE AUTO PARTS PVT LTD	29/09/2004	-
U25202MH1986PTC041208	AMOGH PLASTOPACK PVT LTD	30/10/1996	-
U40106MH1986PTC040792	SWATI PROFILES PVT LTD	31/12/1992	-
U72200PN2000PTC014837	CONSTRO INFOTECH PRIVATE LIMITED	28/04/2000	-
U73100PN2004PTC019875	CSRL- STRUCTWEL LAB (PUNE) PRIVATE LIMITED	25/10/2004	-

Name :

Mr. Raghunandan Ashok Beharay

Designation :

Designated Partner

Address :

72/25, Bahar, Vishwamitra Colony, Deccan Gymkhana, Pune – 411004, Maharashtra, India

Date of Appointment :

12.09.2013

DPIN No.:

06705761

Name :

Mr. Ramkumar Hiralal Rathi

Designation :

Partner

Address :

Plot No. 345" (New), Road No. 3, Sindh Society, Aundh, Pune – 411001, Maharashtra, India

PAN No.:

AARPR3933N

Name :

Mr. Rajas Vimalkumar Jain

Designation :

Partner

Address :

11, Napier Road, Camp, Pune – 411001, Maharashtra, India

PAN No.:

AAYPJ2207N

Name :

Ranjana Inderkumar Jain

Designation :

Partner

Address :

101, Kumar Corner, 1986, Convent Street, Camp, Pune – 411001, Maharashtra, India

PAN No.:

AEAPJ0088F

CONTRIBUTION DETAILS

AS ON 2017

Names of Persons	INR In Million
Ramkumar Hiralal Rathi	0.334
Ranjana Inderkumar Jain	0.129
Raghunandan Ashok Beharay	0.133
Ashok Shreekrishna Beharay	0.200
Manish Vimalkumar Jain	0.075
Kewalkumar Kesarimal Jain	0.129
Total	1.000

BUSINESS DETAILS

Line of Business :	Construction activity. [Registered Activity]
Products / Services :	Construction
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 :	Aqualift Engineering and Solutions Private Limited
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark :	--

· Archana Glossy Tiles

· Arihant Enterprises

· Arihant Granites

· Bhuleshwar Steel and Alloyes Private Limited

· Biltech Building Elements Limited

· Cemcon Concrete India Private Limited

· Chandan Granimarmo LLP

· Earth Care Equipments Private Limited

· Deccan Fabrics Private Limited

· Jalshree Corporation Private Limited

· Green Flame Private Limited

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 :

Banker Name :	State Bank of India
Branch :	Not Divulged
Person Name (With Designation) :	--
Contact Number :	--
Name of Account Holder :	--
Account Number :	--
Account Since (Date/Year of Account Opening) :	--
Average Balance Maintained :	--
Credit Facilities Enjoyed (CC/OD/Term Loan) :	--
Account Operation :	--
Remark :	--

· ICICI Bank Limited

· HDFC Bank Limited

Facilities :

SECURED LOANS	31.03.2017 INR In Million	31.03.2016 INR In Million
HDFC Limited Construction Loan	154.019	0.000
Other loans - Car	13.607	8.482
Total	167.626	8.482

Auditors :
Name :	S. V. Bapat and Company Chartered Accountants
Address :	3, Sagar Apartments, C.T.S. No. 1241, Survey No.11/1A/3, Erandwane, Pune – 411004, Maharashtra, India
Tel. No.:	91-20-25466693 / 25460562
E-Mail :	beharayrathi_group@yahoo.co.in
Membership No.:	033931
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Divulged

CAPITAL STRUCTURE

AS ON 31.03.2017

Partner’s Funds

Particulars	INR in Million
Contribution received
Ashok S. Beharay (20%)	0.200
Raghunandan A. Beharay (13.33%)	0.133
Ramkumar H. Rathi (33.33%)	0.333
Ranjana I. Jain (9.18%)	0.092
Kewalkumar K. Jain (9.18%)	0.092
Rajas V. Jain (7.49%)	0.075
Manish V. Jain (7.49%)	0.075
Total	1.000

FINANCIAL DATA

[all figures are in INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2017	31.03.2016	31.03.2015
EQUITY AND LIABILITIES
1] Contribution received		1.000	1.000	1.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		139.956	(133.907)	0.000
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		140.956	(132.907)	1.000
LOAN FUNDS
1] Secured Loans		167.626	8.482	0.000
2] Unsecured Loans		116.500	0.000	(51.191)
TOTAL BORROWING		284.126	8.482	(51.191)
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		425.082	(124.425)	(50.191)
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		23.125	18.213	11.407
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		1.000	1.000	34.921
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	135.025	0.000	0.000
	Sundry Debtors	103.195	69.318	144.546
	Cash & Bank Balances	22.022	9.304	13.490
	Other Current Assets	813.483	1036.941	858.784
	Loans & Advances	215.601	33.217	37.726
Total Current Assets		1289.326	1148.780	1054.546
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	48.214	49.842	37.554
	Other Current Liabilities	624.028	1238.661	1091.856
	Provisions	216.127	3.915	21.655
Total Current Liabilities		888.369	1292.418	1151.065
Net Current Assets		400.957	(143.638)	(96.519)
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		425.082	(124.425)	(50.191)

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2017	31.03.2016	31.03.2015
	SALES
		Income	959.465	0.063	48.917
		Other Income	0.090	2.231	10.720
		TOTAL	959.555	2.294	59.637
Less	EXPENSES
		Cost of construction	514.585	0.000	0.000
		Changes in inventories	(135.025)	0.000	0.000
		Cost of land	0.000	0.000	0.868
		Donation	0.000	0.000	1.100
		Other expenses	16.857	0.947	1.746
		TOTAL	396.417	0.947	3.714
	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		563.138	1.347	55.923
Less	FINANCIAL EXPENSES		0.827	0.807	0.032
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		562.311	0.540	55.891
Less	DEPRECIATION/ AMORTISATION		3.515	3.330	2.193
	PROFIT/(LOSS) BEFORE TAX		558.796	(2.790)	53.698
Less	TAX		193.940	0.134	18.637
	PROFIT/(LOSS) AFTER TAX		364.856	(2.924)	35.061

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 flow from (used in) operations	NA	NA	NA

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Average Collection Days (Sundry Debtors / Income * 365 Days)	39.26	401604.29	1078.55
Account Receivables Turnover (Income / Sundry Debtors)	9.30	0.00	0.34
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	34.20	0.00	0.00
Inventory Turnover (Operating Income / Inventories)	4.17	0.00	0.00
Asset Turnover (Operating Income / Net Fixed Assets)	24.35	0.07	4.90

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.89	1.11	1.00
Debt Equity Ratio (Total Liability / Networth)	2.02	(0.06)	(51.19)
Current Liabilities to Networth (Current Liabilities / Net Worth)	7.13	(9.72)	1099.87
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.16	(0.14)	11.41
Interest Coverage Ratio (PBIT / Financial Charges)	680.94	1.67	1747.59

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
PAT to Sales ((PAT / Sales) * 100)	%	38.03	(4641.27)	71.67
Return on Total Assets ((PAT / Total Assets) * 100)	%	27.78	(0.25)	3.18
Return on Investment (ROI) ((PAT / Networth) * 100)	%	258.84	2.20	3506.10

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	1.28	0.89	0.96
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	1.15	0.89	0.96
G-Score Ratio Financial (Networth / Total Assets)	0.11	(0.11)	0.00
G-Score Ratio Debt (Debts / Equity Capital)	284.13	8.48	(51.19)
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.28	0.89	0.96

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

FINANCIAL ANALYSIS

[all figures are in INR Million]

DEBT EQUITY RATIO

Particular	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Contribution received	1.000	1.000	1.000
Reserves & Surplus	0.000	(133.907)	139.956
Net worth	1.000	(132.907)	140.956
Secured Loans	0.000	8.482	167.626
Unsecured Loans	(51.191)	0.000	116.500
Total borrowings	(51.191)	8.482	284.126
Debt/Equity ratio	(51.191)	(0.064)	2.016

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	48.917	0.063	959.465
		(99.871)	15,22,860.317

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	48.917	0.063	959.465
Profit/(Loss)	35.061	(2.924)	364.856
	71.67%	(4641.27%)	38.03%

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	No
8	Designation of contact person	No
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	No
18	Major suppliers	Yes
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	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

INDEX OF CHARGES:

S No	SRN	Charge Id	Charge Holder Name	Date of Creation	Date of Modification	Date of Satisfaction	Amount	Address
1	M05800669	100140887	Housing Development Finance Corporation Limited	30/11/2017	-	-	750000000.0	Ramon House 169 Backbay Reclamation H T Parekh Marg Mumbai 400020, Maharashtra, India
2	M01430016	100027560	Housing Development Finance Corporation Limited	26/04/2016	-	-	250000000.0	Ramon House 169 Backbay Reclamation H T Parekh Marg Mumbai 400020, Maharashtra, India

FIXED ASSETS:

· Software Purchase

· Computer

· Office Furniture

· Site Office Equipment

· Office Equipment

· Diesel Generator

· Passenger Lift

· Vehicle

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 68.15
UK Pound	1	INR 90.27
Euro	1	INR 79.35

INFORMATION DETAILS

Information Gathered by :	AKS
Analysis Done by :	VVK
Report Prepared by :	NKT

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	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.