MIRA INFORM REPORT

3decades

MIRA INFORM REPORT

Report No. :	474685
Report Date :	01.03.2018

IDENTIFICATION DETAILS

Name :	PEE CEE CASTINGS PRIVATE LIMITED

Registered Office :	14/5, Mile Stone, Mathura Road, Faridabad – 121003, Haryana
Mobile No.:	91-9910995105 (Mr. Umesh Chand Moti Lal Goel)
Website :	Not Available

Country :	India

Financials (as on) :	31.03.2017

Date of Incorporation :	26.03.1981

Com. Reg. No.:	05- 011504

Capital Investment / Paid-up Capital :	INR 66.762 Lacs

CIN No.: [Company Identification No.]	U27320HR1981PTC011504

IEC No.:	0588077194

TIN No.:	06761201464

GSTIN/UIN:	06AACCP2662E1ZP

TAN No.: [Tax Deduction & Collection Account No.]	Not Available

PAN No.: [Permanent Account No.]	AACCP2662E

SSI Reg. No.:	--

Shop & Establishment Certificate No.:	--

Udyog Aadhaar No.:	Number: HR03B0004916 Date: 12.01.2017

Legal Form :	Private Limited Liability Company

Line of Business :	Manufacturing of Aluminum gravity die casting components. [Registered Activity]

No. of Employees :	165 (Approximately)

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Satisfactory

Payment Behaviour :	Slow but correct

Litigation :	Clear

Comments :	Subject was incorporated in the year 1981. It is a manufacturer of aluminium gravity die casting components. For the financial year 2017, the company has achieved revenue growth of 14.39% as compared to the previous year along with an average profit margin of 1.07%. The satisfactory financial risk profile of the company is marked by sufficient net worth base along with negligible debt balance sheet profile. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. Note: Site visit was conducted at the address – 14/5 Mile Stone, Mathura Road, Faridabad - 121003. Our executive has successfully traced the subject on the address. At the premises, our executive met Mr. Umesh Chand Moti Lal Goel. Our executive also enquired with neighbour companies (Shree Silk Creative and Pooja Enterprises Private Limited) and they confirmed that the subject is situated on the address. As per executive’s observation, it is a 1 storey building and the whole premises belongs to the subject. Area of premises seems to be 22500 sq. ft. and number of employees sighted at the premises were 165. Locality seems to be industrial and area appears to be neutral. Location was difficult to find. Name board of subject was sighted at the premises.

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

(30.06.2017)

Current Rating

(30.09.2017)

India

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 31-03-2016.

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 01.03.2018

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 PARTED BY (GENERAL DETAILS)

Name :	Mr. Umesh Chand Moti Lal Goel
Designation :	Managing Director
Contact No.:	91-9910995105
Date :	27.02.2018

LOCATIONS

Registered Office :	14/5, Mile Stone, Mathura Road, Faridabad – 121003, Haryana, India
Tel. No.:	91-129-4044929/2276957
Mobile No.:	91-9910995105/9899584959/9811039919 (Mr. Umesh Chand Moti Lal Goel) 91-9811022671 (Mr. Harsh Chiranji Lal Gupta) 91-9811676640 (Mr. Ankur Pradeep Kumar Gupta)
Fax No.:	91-129-2276964
E-Mail :	pccpl@peeceecastings.com sumitgoel@peeceecasting.com
Area:	22500 (Sq. Ft) (As per site visit)
Locality:	Industrial (As per site visit)

DIRECTORS

AS ON 31.03.2017

Name :

Mr. Mr. Umesh Chand Moti Lal Goel

Designation :

Managing Director

Address :

House No. 59, Sector - 21C, Faridabad -121003, Haryana, India

Date of Birth/Age :

05.11.1952

Date of Appointment :

02.07.1981

DIN No.:

00834942

PAN No.:

AACPG7604C

Aadhar Card No.:

2650 1723 0727

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U74899DL1988PTC033357	P C OIL AND LUBRICANTS PRIVATE LIMITED	28/09/1988	-

Name :

Mr. Harsh Chiranji Lal Gupta

Designation :

Director

Address :

Makan No. 10, Sector – 46, Amarnagar, Faridabad – 121003, Haryana, India

Date of Birth/Age :

19.12.1957

Date of Appointment :

11.03.1991

DIN No.:

00926787

PAN No.:

AHHPK7223K

Aadhar Card No.:

6531 6855 7014

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U74899DL1988PTC033357	P C OIL AND LUBRICANTS PRIVATE LIMITED	15/09/1994	-

Name :

Mr. Ankur Pradeep Kumar Gupta

Designation :

Director

Address :

29, Suvidha Kunj, Area H-4-5, Pitampura, Delhi- 110034, India

Date of Birth/Age :

12.04.1983

Date of Appointment :

11.06.2014

DIN No.:

06891350

PAN No.:

AIAPG4831D

Aadhar Card No.:

9874 0000 0916

MAJOR SHAREHOLDERS

AS ON 31.03.2017

Names of Shareholders		No. of Shares
Ankur Gupta		176260
Anjali Goel		100
Harsh Kumar		167860
Kunal Goel		56230
Sumit Goel		56250
Umesh Chand Goel		151720
Veena Goel		100
Umesh Chand Goel and HUF		59000
Richa Goel		100
Total		667620

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2016

Category	Percentage
Promoters- Individual/Hindu Undivided Family- Indian	74.27
Public/Other than promoters- Individual/Hindu Undivided Family- Indian	25.73
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing of Aluminum gravity die casting components. [Registered Activity]

Products / Services :

Name and Description of main products / services	ITC Code of the Product/service
Casting of nonferrous metal	99887690

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Not Available

Terms :

Selling :

Local: Cash and Credit (30,60 Days)

Purchasing :

Local: Cash and Credit (30,60 Days)

PRODUCTION STATUS – (NOT AVAILABLE)

GENERAL INFORMATION

Suppliers :

Mittal Sales Corporation, Faridabad, Haryana, India

Reference :	Oswal Mineral Limited, Faridabad, Haryana, India
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

Customers :

SML Isuzu Limited, Ropar, Punjab, India
Swaraj Engines Limited, Mohali, Punjab, India

Reference :	Mahindra and Mahindra, Mohali, Punjab, India
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

No. of Employees :

165 (Approximately)

Bankers :

Banker Name :	State Bank of India
Branch :	SME Branch, 65, Neelam Bata Road, Faridabad – 121001, Haryana, India
Branch Code:	09950
Person Name (With Designation) :	Mr. Avdesh Garg (Relationship Manager)
Contact Number :	91-129-2432370 91-9599228516
Email:	Sbi.09950@sbi.co.in avdesh.garg@sbi.co.in
Name of Account Holder :	--
IFSC Code For RTGS for NEFT:	SBIN0009950
Type of Account:	Cash Credit
Account Number :	10410102093
Account Since (Date/Year of Account Opening) :	--
Average Balance Maintained :	--
Credit Facilities Enjoyed (CC/OD/Term Loan) :	--
Account Operation :	--
Remark :	--

Facilities :

(INR In Lacs)

SECURED LOAN	As on 31.03.2017	As on 31.03.2016
LONG TERM BORROWING
From Banks	27.205	0.000
From other parties	0.460	39.875
SHORT TERM BORROWING
Secured	181.855	174.695
Total	209.520	214.570

Auditors :
Name :	Richur Gupta and Associates Chartered Accountants
Address :	3/68, Shakti Colony, Mall Road, Karnal -132001, Haryana, India
Tel. No.:	91-184-4041129
Mobile No.:	91-9896090990
Memberships No.:	501608
E-Mail :	guptarichur@gmail.com
PAN N Income-tax PAN of auditor or auditor's firm :	AAOFR5115R

Memberships :	Not Available

Collaborators :	Not Available

Associates/Subsidiaries :	--

CAPITAL STRUCTURE

AS ON 31.03.2017

Authorised Capital :

No. of Shares	Type	Value	Amount

1000000	Equity Shares	INR 10/- each	INR 100.000 Lacs

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

667620	Equity Shares	INR 10/- each	INR 66.762 Lacs

FINANCIAL DATA

[all figures are INR Lacs]

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	66.762	66.762	66.762
(b) Reserves & Surplus	159.204	143.965	143.800
(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)	225.966	210.727	210.562

(3) Non-Current Liabilities
(a) long-term borrowings	279.952	271.377	396.524
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(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)	279.952	271.377	396.524

(4) Current Liabilities
(a) Short term borrowings	181.855	174.695	216.092
(b) Trade payables	75.305	47.318	101.268
(c) Other current liabilities	35.521	33.243	44.365
(d) Short-term provisions	2.904	4.121	9.881
Total Current Liabilities (4)	295.585	259.377	371.606

TOTAL	801.503	741.481	978.692

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	310.664	256.027	262.524
(ii) Intangible Assets	0.000	0.000	0.000
(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	61.813
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	310.664	256.027	324.337

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	240.438	261.900	357.084
(c) Trade receivables	192.788	138.496	140.088
(d) Cash and cash equivalents	1.995	5.878	27.514
(e) Short-term loans and advances	55.618	79.180	129.669
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	490.839	485.454	654.355

TOTAL	801.503	741.481	978.692

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017	31.03.2016	31.03.2015
	SALES
	Income	1424.510	1245.306	1322.094
	Other Income	1.527	2.556	0.603
	TOTAL	1426.037	1247.862	1322.697

Less	EXPENSES
	Cost of Materials Consumed	645.439	591.844	666.438
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	28.616	74.224	17.578
	Manufacturing expenses	356.067	262.436	269.529
	Employees benefits expense	233.370	173.528	175.569
	Other expenses	65.717	67.286	70.767
	Exceptional items	0.000	0.000	0.140
	TOTAL	1329.209	1169.318	1200.021

	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	96.828	78.544	122.676

Less	FINANCIAL EXPENSES	50.399	43.167	68.382

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	46.429	35.377	54.294

Less/ Add	DEPRECIATION/ AMORTISATION	31.191	31.057	37.953

	PROFIT/ (LOSS) BEFORE TAX	15.238	4.320	16.341

Less	TAX	0.000	4.155	9.209

	PROFIT/ (LOSS) AFTER TAX	15.238	0.165	7.132

	Earnings / (Loss) Per Share (INR)	2.28	0.02	1.07

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2017	31.03.2016	31.03.2015
Current Maturities of Long term debt	NA	NA	NA

Cash generated from operations	NA	NA	NA

Net cash flows from (used in) operations	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)*	49.40	40.59	38.68

Account Receivables Turnover (Income / Sundry Debtors)	7.39	8.99	9.44

Average Payment Days (Sundry Creditors / Purchases 365 Days)*	42.59	29.18	55.46

Inventory Turnover (Operating Income / Inventories)	0.40	0.30	0.34

Asset Turnover (Operating Income / Net Fixed Assets)	0.31	0.31	0.47

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.72	0.72	0.78

Debt Equity Ratio (Total Liability / Networth)	2.04	2.12	2.91

Current Liabilities to Networth (Current Liabilities / Net Worth)	1.31	1.23	1.76

Fixed Assets to Networth (Net Fixed Assets / Networth)	1.37	1.21	1.25

Interest Coverage Ratio (PBIT / Financial Charges)	1.92	1.82	1.79

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
Net Profit Margin ((PAT / Sales) 100)*	%	1.07	0.01	0.54

Return on Total Assets ((PAT / Total Assets) 100)*	%	1.90	0.02	0.73

Return on Investment (ROI) ((PAT / Networth) 100)*	%	6.74	0.08	3.39

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	1.66	1.87	1.76

Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.85	0.86	0.80

G-Score Ratio Financial (Networth / Total Assets)	0.28	0.28	0.22

G-Score Ratio Debt (Debts / Equity Capital)	6.92	6.68	9.18

G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.66	1.87	1.76

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

FINANCIAL ANALYSIS

[all figures are INR Lacs]

DEBT EQUITY RATIO

Particular	31.03.2015	31.03.2016	31.03.2017
	INR In Lacs	INR In Lacs	INR In Lacs
Share Capital	66.762	66.762	66.762
Reserves & Surplus	143.800	143.965	159.204
Share Application money pending allotment	0.000	0.000	0.000
Net worth	210.562	210.727	225.966

Long Term borrowings	396.524	271.377	279.952
Short Term borrowings	216.092	174.695	181.855
Total borrowings	612.616	446.072	461.807
Debt/Equity ratio	66.762	66.762	66.762

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2015	31.03.2016	31.03.2017
	INR In Lacs	INR In Lacs	INR In Lacs
Sales	1322.094	1245.306	1424.510
		(5.808)	14.390

NET PROFIT MARGIN

Net Profit Margin	31.03.2015	31.03.2016	31.03.2017
	INR In Lacs	INR In Lacs	INR In Lacs
Sales	1322.094	1245.306	1424.510
Profit	7.132	0.165	15.238
	0.54%	0.01%	1.07%

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	Yes
5	Buyer visit details	Yes
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	Yes
17	Details of sister concerns	No
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	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

UNSECURED LOANS:

(INR in Lacs)

Particulars	As on 31.03.2017	As on 31.03.2016
LONG TERM BORROWING
Loans and advances from related parties	189.286	125.484
Loans from directors	63.001	106.018
Total	252.287	231.502

INDEX OF CHARGE:

SNO	SRN	CHARGE ID	CHARGE HOLDER NAME	DATE OF CREATION	DATE OF MODIFICATION	DATE OF SATISFACTION	AMOUNT	ADDRESS
1	G06469001	90040589	STATE BANK OF INDIA	15/04/1989	02/06/2016	-	22300000.0	SMECCC CUM SARC65, NEELAM BATA ROADFARIDABADHR121001IN
2	G41537861	10444551	SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA	26/08/2013	-	20/04/2017	1787872.0	BLOCK-E GRD FLOOR NSIC ADMIN BUILDING NSIC-NTSCCOMPLEX GATE NO-3 OKHLA INDUSTRIAL AREA PHASE-IIINEW DELHIDL110020IN
3	G38722617	10549819	SIEMENS FINANCIAL SERVICES PRIVATE LIMITED	30/01/2015	-	20/03/2017	1753490.0	130, PANDURANG BUDHKAR MARG,WORLIMUMBAIMH400018IN
4	G37397544	10402184	SMALL INDUSTRIES DEVLOPMENT BANK OF INDIA	24/01/2013	-	28/02/2017	1466972.0	BLOCK-E GRD FLOOR NSIC ADMIN BUILDING NSIC-NTSCCOMPLEX GATE NO-3 OKHLA INDUSTRIAL AREA PHASE-IIINEW DELHIDL110020IN
5	G37611548	10549821	SIEMENS FINANCIAL SERVICES PRIVATE LIMITED	30/01/2015	-	23/02/2017	2635965.0	130, PANDURANG BUDHKAR MARG,WORLIMUMBAIMH400018IN
6	G01151000	10000800	INDUSIND BANK LTD	17/03/2006	-	19/03/2016	10000000.0	B-11 VARDHMAN PLAZA SEC-16GAUTAM BUDH NAGARNOIDAUP201301IN
7	C78187275	90040591	STATE BANK OF INDIA	18/04/1989	23/03/2001	25/01/2016	9500000.0	S.I.B. BRANCH65 ; NEELAM BATA ROADFARIDABADHRIN

FIXED ASSETS:

Land
Building
Electrical Fittings
Electrical Installations
Plant and Machinery
Factory Equipment
Patterns
Generator Set

Tube Well
Office Equipment
Computer
Typewriter
Car
Furniture and Fixtures
Scooter
Testing Equipment
Plastic Storage Bins
Water Coolers

OBSERVATION POINTS

Name of Company :	PEE CEE CASTINGS PRIVATE LIMITED

Address :	14/5, Mile Stone, Mathura Road, Faridabad – 121003, Haryana, India

Mobile No.:	91-9910995105

Email :	pccpl@peeceecastings.com

Person to whom we met:	Name: Mr. Umesh Chand Moti Lal Goel Designation :Managing Director

Name Board :	Sighted

Location:	Difficult

Landmark (If Any):	Near Pristine Mall

Total Floors of the building:	Ground Floor + 1 Floor

Subject situated on:	Whole Premises belongs to subject company

Locality:	Industrial

Area of premises :	22500 (Sq.ft)

Area :	Neutral

Level of operation :	Medium

Details of hypothecation signboard (If Any) (As displayed in factory / work) :	No

No. of employees seen at premises:	165

Visibility of Items:	· Telephone · Computers · Air Conditioner · Office Equipment · Xerox Machine

Furniture items sighted :	Yes

Sister Concern (Other names on name board):	No

Neighbour’s interview :	Name of Company: Shree Silk Creative Contact person name : Mr. Rampal (Security Guard – 14 years) Name of Company: Pooja Enterprises Private Limited Contact person name : (Security Guard -5 Years) Name: No divulged
Neighbour’s overview :	They confirmed that the subject is situated on the address.

Proof of visit:	Visiting Card/ Photographs

Photographs:	Exterior with name board/Interior/Shop Floor/Stock etc.

Details of the person conducting visit:

Name:	Mr. Shyam Chandra
Designation:	Field Executive
Contact No.	91-9953458065
Date:	27.02.2018

PICTURES

NEIGHBOURS

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 (as on 01.03.2018) (date of report) :

No press reports / filings exists on the subject.

INFORMATION DETAILS

Information Gathered by :	PRT

Analysis Done by :	PRY

Report Prepared by :	KVT

SCORE FACTORS

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

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.