MIRA INFORM REPORT

Report Date :

02.08.2011

IDENTIFICATION DETAILS

Name :	OMNI CANS AND PRINTERS PRIVATE LIMITED
Registered Office :	102, Sunbeam CHS, Opposite Sant Gyaneshwar Garden, Ahimsa Marg, Near Infant Jesus School, Malad (West), Mumbai – 400064, Maharashtra
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	12.10.1990
Com. Reg. No.:	11-058518
Capital Investment / Paid-up Capital :	Rs.4.990 Millions
CIN No.: [Company Identification No.]	U99999MH1990PTC058518
TAN No.: [Tax Deduction & Collection Account No.]	MUMO02708G MUMO02839E
PAN No.: [Permanent Account No.]	AAACO0547M
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Metal Containers
No. of Employees :	150 (In Office) (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (30)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 73000
Status :	Moderate
Payment Behaviour :	Slow but Correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track. Profitability of the company appears to be low. However, trade relations are reported as fair. Business is active. Payments are reported to be sloe. The company 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.

INFORMATION PARTED BY

Name :	Mr. Ambrish Dalvi
Designation :	Accounts Manager
Contact No.:	91-9821755575
Date :	02.08.2011

LOCATIONS

Registered Office :	102, Sunbeam CHS, Opposite Sant Gyaneshwar Garden, Ahimsa Marg, Near Infant Jesus School, Malad (West), Mumbai – 400064, Maharashtra, India
Mobile No.:	91-9821755575 (Mr. Ambrish Dalvi)
E-Mail :	omnicans@yahoo.com
Location :	Owned
Factory :	195/196 Jawaher Industrial Estate, Komthe Panvel – 410206, Maharashtra, India
Tel. No.:	91-22-27421873
Area :	13000 sq. ft.
Location :	Owned

DIRECTORS

AS ON 29.09.2010

Name :	Mr. Agarwal Chhotelal Arun
Designation :	Director
Address :	203, Usha Kunj, 30-D, Juhu Tara Road, Santacruz (West), Mumbai - 400 049, Maharashtra, India
Qualification :	CA
Date of Birth/Age :	25.04.1955
Date of Appointment :	12.10.1990
Name :	Mrs. Agarwal Arun Sarita
Designation :	Director
Qualification :	Graduate
Address :	203, Usha Kunj, 30-D, Juhu Tara Road, Santacruz (West), Mumbai - 400 049, Maharashtra, India
Date of Birth/Age :	10.04.1967
Date of Appointment :	12.10.1990

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2010

Names of Shareholders	No. of Shares
Agarwal Chhotelal Arun	212800
Agarwal Arun Sarita	286200
Total	499000

AS ON 29.09.2010

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Metal Containers

Products :

Item Code No.:	731010.01
Product Description	Metal Containers
Item Code No.:	721030.00
Product Description	Lacquered, Printed Sheets
Item Code No.:	830990.01
Product Description	Metal Components

Terms :

Selling :

Credit (60 days and 90 days)

Purchasing :

Credit (60 days and 90 days)

GENERAL INFORMATION

Customers :

Manufacturer

No. of Employees :

150 (Approximately)

Bankers :

· HSBC Bank

· Kotak Mahindra Bank

· CITI Bank

· Development Bank of Singapore

· Standard Chartered Bank

· Barclays Bank

· ABN Amro Bank

· Bank of India

· State Bank of India

· Union Bank of India, Juhu Tara Road Branch, 27, Maneck Mahal, Juhu Tara Road, Santacruz (West), Mumbai – 400049, Maharashtra, India

Facilities :

Secured Loan	Rs. In Millions 31.03.2010	Rs. In Millions 31.03.2009
Loan from Union Bank Of India Secured Against hypothecation of stock and book debts	21.407	15.191
Car loan from HDFC Bank Limited (Secured against Motor Car Altis)	0.837	1.136
Total	22.244	16.327
Unsecured Loan	Rs. In Millions 31.03.2010	Rs. In Millions 31.03.2009
From Director	0.013	0.480
From Bank	4.520	7.961
Total	4.533	8.441

Banking Relations :	---
Auditors :
Name :	Bihani and Shah Chartered Accountant
Address :	205, highway Commerce Centre, I.B. Patel Road, Goregaon (East), Mumbai – 400063, Maharashtra, India
Tel. No.:	91-22-65545637
Sister Concern :	· Ganga International · Packaging Ramedies Transnational · Metal Packaging International Limited

CAPITAL STRUCTURE

AS ON 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.10/- each	Rs.5.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
499000	Equity Shares	Rs.10/- each	Rs.4.990 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		4.990	4.990	4.990
2] Share Application Money		0.365	0.365	0.365
3] Reserves & Surplus		12.980	12.631	11.986
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		18.335	17.986	17.341
LOAN FUNDS
1] Secured Loans		22.244	16.327	18.095
2] Unsecured Loans		4.533	8.441	13.840
TOTAL BORROWING		26.777	24.768	31.935
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		45.112	42.754	49.276
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		6.310	6.046	5.391
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.143	0.143	1.369
DEFERREX TAX ASSETS		0.210	0.125	0.040
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	9.779	26.271	31.144
	Sundry Debtors	52.140	30.152	50.041
	Cash & Bank Balances	6.086	1.874	3.222
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	32.750	30.378	12.652
Total Current Assets		100.755	88.675	97.059
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	55.521	50.038	53.243
	Other Current Liabilities	4.958	0.685	0.390
	Provisions	1.827	1.512	0.950
Total Current Liabilities		62.306	52.235	54.583
Net Current Assets		38.449	36.440	42.476
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		45.112	42.754	49.276

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2009	31.03.2008
	TOTAL INCOME		161.630	163.117
Less	EXPENSES
		Office Expenses
		Administrative Expenses	160.507	162.160
		Advertising Expenses
		Interest
		Depreciation
		TOTAL	160.507	162.160
	PROFIT BEFORE TAX		1.123	0.957
Less	TAX		0.478	0.387
	PROFIT AFTER TAX		0.645	0.570
	Earnings Per Share (Rs.)		1.29	1.14

Particulars	31.03.2011
Sales Turnover (Approximately)	110.000

The above information has been parted by Mr. Ambrish Dalvi.

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	--	0.39	0.34
Return on Total Assets (PBT/Total Assets}	(%)	--	1.18	0.93
Return on Investment (ROI) (PBT/Networth)		--	0.06	0.05
Debt Equity Ratio (Total Liability/Networth)		4.85	6.30	4.98
Current Ratio (Current Asset/Current Liability)		1.61	1.69	1.77

LOCAL AGENCY FURTHER INFORMATION

SUNDRY CREDITORS DETAILS :

(Rs. In Millions)

Particulars	31.03.2010	31.03.2009	31.03.2008
Sundry Creditors	55.521	50.038	53.243

Note : The registered office address of the company has been shifted from C/o H.O. Sharma and Associates, Shakuntala Niwas, Near Sanmitra Mandal School , Arrey Road, Goregaon, Mumbai – 400063, Maharashtra, India to Present w.e.f. 01.04.2010.

FORM : 8

Corporate identity number of the company	U99999MH1990PTC058518
Name of the company	OMNI CANS AND PRINTERS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	C/o H.O. Sharma and Associates, Shakuntala Niwas, Near Sanmitra Mandal School , Arrey Road, Goregaon, Mumbai – 400063, Maharashtra, India
This form is for	Modification of charge
Type of charge	Book debts Movable property (not being pledge)
Particular of charge holder	Union Bank of India, Juhu Tara Road Branch, 27, Maneck Mahal, Juhu Tara Road, Santacruz (West), Mumbai – 400049, Maharashtra, India
Nature of instrument creating charge	Supplementary Agreement to SD-06 Hypothecation Agreement [SD-06(S)]
Date of instrument Creating the charge	24/12/2009
Amount secured by the charge	Rs. 22.500 millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest Interest At BPLR+1% i.e. 12.75% per Annum At Present With Monthly Rests Or Such Other Rate As May Be Revised By The Bank From Time To Time. Terms of repayment On Demand Margin As per sanction terms. Extent and operation of the charge To Secure The Cash Credit (Hypothecation Of Stocks / Book Debts) Limit Of Rs.22.500 millions Granted By The Bank To The Company. Other NIL
Short particulars of the property charged (Including location of the property)	Hypothecation by way of first charge - Entire stock of raw materials, semi finished and finished goods belonging to or at the disposal of the borrower and which are now stored or being stored or Which hereafter may from time to time be brought into or stored or be in or about the borrower's premises or Godowns at 195/196 Jawahar Industrial Estate, Kamothe, Panvel and/ or wherever else. The Borrower's Book-Debts, Outstanding, Monies Receivables, Claims And Bills Which Are Now Due And Owing Or Which May At Any Time Hereafter During The Continuance Of This Security Becoming Due And owing to the borrower in the course of its business by any person or party including any government or any local or public body or authority. (3) Entire Plant And Machinery Existing And Future.
Date of instrument modifying the charge	01/10/2008
Particulars of the present modification	The Cash Credit (Hypothecation Of Stock / Book Debts) Limit Has Enhanced From Rs.15.000 millions To Rs.22.500 millions And The Hypothecated Goods, Book Debts And Movable Property Covered By The Principal Hypothecation Agreement Shall Continue To Be A Security For The Bank For The Enhanced Limit Of Rs.22.500 millions Together With Interest, Additional Interest, Expenses, Costs And All Other Monies Payable By The Borrower To The Bank.

TRADE REFERENCES :

· Dynamic Dairy – Pune

· Weil Field – Pune

FIXED ASSETS :

· Factory Premises

· Plant and Machinery

· Electrical Installation

· Furniture and Fixtures

· Vehicles

· Computer

· Dies and Tools

· Moulds For Plastic Goods

· Office Equipments

· Electrical Fittings

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	Indian Rupees
US Dollar	1	Rs. 44.04
UK Pound	1	Rs. 72.40
Euro	1	Rs. 63.46

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
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
TOTAL		30

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 and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
-	NB	New Business	-

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.