S.
No Case
1 Limited registration details of
Partnership/Proprietorship
2 Limited business profile of the
Entity
3 No presence of the Entity
4 Reverse searches
6 Information taken from social
media profiles such as
Facebook, LinkedIn, ZoomInfo
and blogs or other such
forums
Association of a name similar
individual with a company
apart from the target entity
7 More than 5 addresses
identified for the Entity
8 More than 10 government
contracts identified for the
Entity
9 Insufficient information
provided by the source
10 No further information
Caveat/ Standard finding
It is not mandatory for Indian Partnership/Proprietorship
firms to register with any regulatory authority in India.
Hence, the registration details for such firms may not be
available.
Research conducted on public domain information
sources identified limited information on the business
operations of the Entity.
Research conducted on public domain information
sources and subscribed databases did not identify any
presence of the Entity.
Address-
Reverse searches conducted on the client provided
address identified ‘ABC Limited’ to be operating out of
the same address as that of the Entity.
Reverse searches conducted on the client provided
address identified ‘ABC Limited’, ‘CDE Limited’ and ‘EFG
Limited’ amongst several other companies, to be
operating out of the same address as that of the Entity.
Reverse searches conducted on the client provided
address did not yield any further information.
Contact number-
Reverse searches conducted on the client
provided/identified contact number ‘1234567890’ did
not yield any further information.
Reverse searches conducted on the client provided
contact number ‘1234567890’ identified it to be
associated with XXXX.
This information could not be confirmed with another
independent source.
Research identified an individual by the name of XXXX
(name similar to that of the Listed Individual) associated
with ACB Limited located in Tamil Nadu. However due to
lack of identifiers available for the Listed Individual/in
the records, it could not be ascertained if those results
pertained to the Listed Individual.
This is not a comprehensive list of other addresses
identified for the Entity.
This is not a comprehensive list of government contracts
awarded to the Entity.
Complete details could not be obtained due to limited
information provided by the source.
Research could not identify any further details pertaining
 available across all sources for to the matter.
an issue
11 Compliance caveats The Principals’ names were searched against compliance
databases to determine whether the individuals are/
were connected to government agencies/officials and/or
appear on global watch lists. No such records were
found.

Records identified-
The Principals’ names were searched against compliance
databases to determine whether the individuals
are/were connected to government agencies/officials
and/or appear on global watch lists. Records were
identified for XXXX. Refer to the ‘Corporate Compliance’
section of the Entity for details.
The Shareholders’ names were searched against
compliance databases to determine whether the
individuals/companies are/were connected to
government agencies/officials and/or appear on global
watch lists. No such records were found.
Records identified on compliance databases-
According to the compliance database records last
updated on DD,MM,YYYY, the Listed Individual was
identified to be…
12 Goods and Services Tax Searches have been conducted for GSTIN defaults only
Identification Number default for the state where the Entity has its registered office.
(GSTIN)
13 Duration Caveats When duration of a past affiliation is unknown-
The duration during which the Subject/Listed Individual
was associated with these companies/this company
could not be identified.
When only either the start or the end date of a past
affiliation is known-
Complete duration during which the Subject/Listed
Individual was associated with these companies/this
company could not be identified.
14 Financial caveats When financials are not available-
The Entity is a proprietorship/ partnership firm and thus
its financials are not available with the Ministry of
Corporate Affairs, Government of India or with other
public domain information sources. Further, the
financials related documents were not provided by the
client.

Lack of financial figures-

Hyphen denotes that the corresponding figures were not
available/ Ratio could not be calculated due to lack of
financial information.
15 WatchoutInvestors For not filing annual return/balance sheet-
As per the list published by the Ministry of Corporate
Affairs (MCA), Government of India, dated DD,MM,YYYY,
XXXX, the Listed Individual was identified to be a director
at ACB Limited which was listed as a defaulter by the
MCA for not filing annual return and/or balance sheet.
However, the name does not appear in the subsequent
list of defaulters, indicating the absence of any such
default.

For defaulting on loans-

As per the list dated DD, MM, YYYY, ABC Limited (the
Entity) was issued a show cause notice by the Punjab
National Bank for defaulting on repayment of a loan
amounting to INR XXX /INR XXX million.

Employee Provident Fund Organization (EPFO) public

notice-
As per the list dated DD, MM, YYYY, ABC Limited (the
Entity) among others, was cited/listed on the Employee
Provident Fund Organization (EPFO) website, for having
defaulted with the EPFO including Provident fund,
Pension and Employees Deposit Linked Insurance (EDLI)
Contribution, Administration charges and penal
damages.
However, the name does not appear in the subsequent
list dated DD, MM, YYYY, indicating the absence of any
such default.

Notice for sale/auction for defaulting in repayment of

loan-
As per the list dated 9 March 2018, ABC Limited (the
Entity) was issued a sale/ auction notice of INR 130
million for defaulting in repayment of loan, as issued by
Jammu & Kashmir Bank Limited.

Complaints pending with the National Stock Exchange

As per the list dated DD, MM, YYYY, ABC Limited (the
Entity) was listed by the National Stock Exchange (NSE)
for public notice, for having the highest number of
complaints pending as on DD,MM,YYYY. Furthermore,
the name does not appear in the subsequent list dated
DD, MM, YYYY, indicating the absence of any such
default.

Default listed by the Bombay Stock Exchange-

As per the list dated DD,MM,YYYY, ABC Limited (the
Entity) was listed as a defaulter by the Bombay Stock
Exchange (BSE) for not submitting corporate governance
report for the quarter ended DD,MM,YYYY. Furthermore,
the name does not appear in the subsequent defaulter
list for the quarter ended DD,MM,YYYY, indicating that
the Entity had complied with the requirements of default
 since then.

High pending DMAT request with the National

Securities Depository Limited (NSDL)-
As per the list dated DD,MM,YYYY, ABD Limited (the
Entity) was listed by the National Securities Depository
Limited for high pending DEMAT requests. Furthermore,
it was indicated that the Entity’s name was put on the
website of the NSDL for public notice in the said matter.
The Entity’s name does not appear in the subsequent list
dated DD,MM,YYYY, indicating the absence of any such
default.
16 Credit Information Bureau Loan default by the Listed Entity-
Limited (CIBIL) A loan default of INR 340.1 million by ABC Limited (the
Entity) and its directors including XXXX (director at the
Entity since/ until 30 April 2018) and YYYY (director at
the Entity since/ until 30 April 2018) was identified for
the quarter ended 31 March 2019 as reported by Yes
Bank, Hyderabad, India.
.
Listed Individual’s default whilst being a director in another
company other than the Listed Entity-
A loan default of INR 340.1 million by XYZ Limited and its
directors including XXXX (director at XYZ Limited
since/until 30 April 2018) (director at the Entity since 6
September 2005) and others was identified for the
quarter 31 March 2019 as reported by Yes Bank,
Hyderabad, India.
17 Litigation caveats Name similar caveat for multiple lawsuits-
Multiple litigation records pertaining to XXXX (name
similar to that of the Listed Individual) were identified.
However, due to commonality of the name, lack of
identifiers and limited information provided by the
source, it could not be confirmed if those records
pertained to our target individual//Listed Individual.
Thus, the same have not been included in the report.
OR

Multiple litigation records pertaining to XXXX (name

similar to that of the Listed Individual) were identified.
However, due to lack of qualifying identifiers, it could
not be confirmed if any of those cases pertained to our
target individual/Listed Individual.
Site visit discussion litigation caveat-
During the site visit discussions, XXXX (the respondent
and the Listed Individual) stated that he/she is not
involved in any legal matter and he/she was not aware of
any such matter.
During the site visit discussions, XXXX (the respondent
and the Listed Individual) stated that ACBD is not
involved in any legal matter.
18 Site-visit feedback caveats (in The customer/banker/supplier refused to provide any
case of data not provided) feedback.
19 Multiple issues of similar Multiple records were identified pertaining to the
nature Entity/Listed Individual’s involvement in
contractual/tender disputes. Some such recent issues
have been included below.