MIRA INFORM REPORT

Report Date :

09.12.2011

IDENTIFICATION DETAILS

Name :	PREMIER MILLS PRIVATE LIMITED (w.e.f. 18.01.2007)
Formerly Known As :	PREMIER FINE YARNS PRIVATE LIMITED
Registered Office :	244, ATD Street, Race Course, Coimbatore – 641018, Tamilnadu
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	16.11.1994
Com. Reg. No.:	18-005511
Capital Investment / Paid-up Capital :	Rs.2.664 Millions
CIN No.: [Company Identification No.]	U17111TZ1994PTC005511
TAN No.: [Tax Deduction & Collection Account No.]	CMBP03170G
PAN No.: [Permanent Account No.]	AABCP5924C
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of Yarn, Cotton Fabrics, Knitted Fabrics.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

A (60)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 5430000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established and reputed company having fine track. General financial position is good. Directors are reported as experienced and respectable businessmen. Trade relations are reported as fair. Business is active. Payments are reported to be correct and as per commitments. The company can be considered normal 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 – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

LOCATIONS

Registered Office :	244, ATD Street, Race Course, Coimbatore – 641018, Tamilnadu, India
Tel. No.:	91-422-2221223
Fax No.:	91-422-2221225
E-Mail :	secretary@premiermills.com mail@premiermills.com yarn@premiermills.com
Website :	www.premiermills.com

DIRECTORS

As on 30.09.2011

Name :

Mr. Ramchandran Jagadish Chandran

Designation :

Director

Address :

245, ATD Street, Race Course, Coimbatore – 641018, Tamilnadu, India

Date of Birth/Age :

06.03.1941

Date of Appointment :

12.08.2006

DIN No.:

00005205

Other Directorship :

CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
U17111TZ1945PTC000146	Premier SPG and WVG Mills Private Limited	Director	12/08/2006	14/08/1964	-	Active	NO
U02520TZ1981PTC001107	Premier Evolvics Private Limited	Managing director	1/04/2009	11/03/1983	-	Active	NO
U17111TZ1994PTC005511	Premier Mills Private Limited	Director	12/08/2006	16/11/1994	-	Active	NO
U17111TZ1995PTC005901	Premier Fine Linens Private Limited	Director	12/08/2006	8/03/1995	-	Active	NO
U29252TZ1996PTC007017	Premier Cotton Textiles Private Limited	Director	8/03/1996	8/03/1996	-	Active	NO
U65921TZ1979PTC000861	Capricorn General Finance Private Limited	Director	28/09/1998	28/09/1998	-	Active	NO
U72200TZ1998PTC008616	Nuva Systems Private Limited	Director	20/10/1998	20/10/1998	-	Active	NO
U52110TZ1987PTC001973	Care Products Private Limited	Director	18/12/1998	18/12/1998	-	Active	NO
U29191TZ1984PTC001443	Raaviar Engineering Private Limited	Director	18/12/1998	18/12/1998	3/02/2009	Active	NO
U65993TZ1999PTC008834	Primera Investments Private Limited	Director	12/04/1999	12/04/1999	3/02/2009	Active	NO
U17111TZ1987PTC001943	Coimbatore Holdings Private Limited	Director	19/08/1999	19/08/1999	3/02/2009	Active	NO
U17111TZ1981PTC001108	Premier Textile Traders Private Limited	Director	13/08/2001	13/08/2001	3/02/2009	Active	NO
U17111TZ1994PTC005512	PTL Textiles Coimbatore Private Limited	Director	17/08/2001	17/08/2001	-	Active	NO
U65910TZ1980PTC000950	Coimbatore Leasing Private Limited	Director	17/09/2001	17/09/2001	-	Strike off	NO
U65910TZ1980PTC000951	Premier Leasing Private Limited	Director	17/09/2001	17/09/2001	-	Strike off	NO
U65993TZ1981PTC001130	Udamalpet Investment Company Private Limited	Director	17/09/2001	17/09/2001	-	Active	NO
U65993TZ1985PTC001690	Bagalur Investments Private Limited	Director	17/09/2001	17/09/2001	3/02/2009	Active	NO
U65993TZ1985PTC001691	Belathur Investments Private Limited	Director	17/09/2001	17/09/2001	3/02/2009	Active	NO
U65993TZ1983PTC001284	Othakkalmandapam Investment and Finance Private Limited	Director	17/09/2001	17/09/2001	3/02/2009	Active	NO
U50102TZ1981PTC001025	Jagadish Chandran Enterprisers Private Limited	Director	18/09/2001	18/09/2001	-	Active	NO
U05110TZ1981PTC001028	Kavitha Chandran Enterprisers Private Limited	Director	18/09/2001	18/09/2001	-	Active	NO
U65993TZ1980PTC000908	Kavitha Chandran Investments Private Limited	Director	18/09/2001	18/09/2001	-	Active	NO
U65993TZ1981PTC001012	Kavitha Chandran Investments Coimbatore Private Limited	Director	18/09/2001	18/09/2001	-	Active	NO
U65993TZ1981PTC001011	Sabitha Chandran Investments No II Private Limited	Director	18/09/2001	18/09/2001	-	Active	NO
U65993TZ1980PTC000907	Sabitha Chandran Investments Private Limited	Director	18/09/2001	18/09/2001	-	Active	NO
U05110TZ1981PTC001024	Sabitha Chandran Traders Private Limited	Director	18/09/2001	18/09/2001	-	Active	NO
U05110TZ1981PTC001029	Shanthi Chandran Enterprisers Private Limited	Director	18/09/2001	18/09/2001	-	Active	NO
U65993TZ1981PTC001008	Shanthi Chandran Investments Coimbatore Private Limited	Director	18/09/2001	18/09/2001	-	Active	NO
U05110TZ1981PTC001027	Vijayalakshmi Enterprisers Private Limited	Director	18/09/2001	18/09/2001	-	Active	NO
U65993TZ1981PTC001009	Vijayalakshmi Investments Coimbatore Private Limited	Director	18/09/2001	18/09/2001	-	Active	NO
U65993TZ1980PTC000911	Vijayalakshmi Investments Private Limited	Director	18/09/2001	18/09/2001	-	Active	NO
U65993TZ1981PTC001010	Jagadish Chandran Investment Coimbatore Private Limited	Director	18/09/2001	18/09/2001	-	Active	NO
U65993TZ1980PTC000909	Jagadish Chandran Investments Private Limited	Director	18/09/2001	18/09/2001	-	Active	NO
U29191TZ1984PTC001442	Dhanalakshmi Engineering Private Limited	Director	19/09/2001	19/09/2001	-	Active	NO
U65993TZ1983PTC001285	Pulankinar Investment and Finance Private Limited	Director	19/09/2001	19/09/2001	-	Active	NO
U70101TZ2002PTC010074	Bagalur Holdings Private Limited	Director	8/03/2002	8/03/2002	-	Active	NO
U70101TZ2002PTC010073	Puliakulam Holdings Private Limited	Director	8/03/2002	8/03/2002	-	Active	NO
U70101TZ2002PTC010075	Udamalpet Holdings Private Limited	Director	8/03/2002	8/03/2002	3/02/2009	Active	NO
U65993TZ2002PTC010417	Glendale Holdings Private Limited	Director	26/12/2002	26/12/2002	-	Active	NO
U17111TZ2003PTC010611	Orion Polyfab Private Limited	Director	30/05/2003	30/05/2003	-	Active	NO
U74999TZ1981PTC001106	Coimbatore Twisters Private Limited	Director	18/06/2003	18/06/2003	-	Active	NO
U07010TZ2003PTC010635	PFYL Holdings Private Limited	Director	18/06/2003	18/06/2003	-	Active	NO
U40108TZ2003PTC010686	Palavoor Wind Farms Private Limited	Director	24/07/2003	24/07/2003	3/02/2009	Active	NO
U65993TZ2003PTC010752	Arasur Holdings Private Limited	Director	5/09/2003	5/09/2003	-	Active	NO
U65993TZ2003PTC010751	Naranapuram Holdings Private Limited	Director	5/09/2003	5/09/2003	-	Active	NO
U40108TZ2003PTC010753	Perungudi Wind Farms Private Limited	Director	5/09/2003	5/09/2003	-	Active	NO
U70101TZ2004PTC010970	Pulankinar Holdings Private Limited	Director	9/02/2004	9/02/2004	-	Active	NO
U65993TZ2004PTC011202	Polytronics Holdings Private Limited	Director	24/06/2004	24/06/2004	-	Active	NO
U17111TZ1984PTC001384	Coimbatore Nonwovens Private Limited	Director	13/07/2004	13/07/2004	-	Active	NO
U18101TZ2004PTC011439	Kulathur Holdings Private Limited	Director	24/11/2004	24/11/2004	-	Active	NO
U17111TZ2003PTC010452	Coimbatore Polytex Private Limited	Director	4/08/2006	4/08/2006	-	Active	NO
U17111TZ1987PTC001972	Prima Products Private Limited	Director	4/08/2006	4/08/2006	-	Active	NO
U65993TZ1980PTC000910	Shanthi Chandran Investments Private Limited	Director	18/09/2006	18/09/2006	-	Active	NO
U65921TZ1979PTC000842	PGF Holdings (Coimbatore) Private Limited	Director	28/09/2006	28/09/2006	-	Active	NO
U65993TZ2004PTC011203	Avanashi Holdings Private Limited	Director	30/09/2006	30/09/2006	-	Active	NO
U70101TZ2004PTC010971	P C T Holdings Private Limited	Director	30/09/2006	30/09/2006	-	Active	NO
U70102TZ2007PTC013417	Irugur Holdings Private Limited	Director	6/02/2007	6/02/2007	-	Active	NO
U70101TZ2007PTC013416	Neelambur Holdings Private Limited	Director	6/02/2007	6/02/2007	-	Active	NO
U70101TZ2007PTC013414	Palladam Holdings Private Limited	Director	6/02/2007	6/02/2007	-	Active	NO
U70101TZ2007PTC013415	Thennampalayam Holdings Private Limited	Director	6/02/2007	6/02/2007	-	Active	NO
U01111TZ2007PTC013458	Valavadi Farms Private Limited	Director	21/02/2007	21/02/2007	-	Active	NO
U17111TZ2008PTC014141	Premier Textiles Private Limited	Director	8/01/2008	8/01/2008	-	Active	NO
U17111TZ2008PTC014142	Premier Fine Yarns Private Limited	Director	8/01/2008	8/01/2008	-	Active	NO
U18101TZ2008PTC014569	Primero Intimates Private Limited	Director	18/06/2008	18/06/2008	-	Active	NO
U17111TZ2008PTC014616	Premier Home Textiles Private Limited	Director	7/07/2008	7/07/2008	-	Active	NO
U17111TZ2008PTC014617	Premier Polyweaves Private Limited	Director	7/07/2008	7/07/2008	-	Active	NO
U70101TZ2004PTC010972	CTPL Holdings Private Limited	Director	18/08/2009	3/02/2009	-	Active	NO

Name :

Mr. Damotharan Rajendra

Designation :

Director

Address :

# 233 Tea Estate, Race Course, Coimbatore – 641018, Tamilnadu, India

Date of Birth/Age :

17.12.1948

Date of Appointment :

16.11.1994

DIN No.:

00003848

Other Directorship :

CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
U17111TZ1945PTC000146	Premier SPG and WVG Mills Private Limited	Managing director	10/03/2006	27/09/1978	-	Active	NO
U17111TZ1994PTC005511	Premier Mills Private Limited	Director	16/11/1994	16/11/1994	-	Active	NO
U17111TZ1995PTC005901	Premier Fine Linens Private Limited	Director	8/03/1995	8/03/1995	-	Active	NO
U65993TZ1992PTC003617	Coimbatore Sameera Investments Private Limited	Director	28/09/1998	28/09/1998	-	Active	NO
U65993TZ1992PTC003616	Rohit Rajendran Investments Private Limited	Director	28/09/1998	28/09/1998	-	Active	NO
U65993TZ1992PTC003615	Sameera Rajendran Investments Private Limited	Director	28/09/1998	28/09/1998	-	Active	NO
U65993TZ1980PTC000921	Sheela Investment Private Limited	Director	28/09/1998	28/09/1998	-	Active	NO
U65993TZ1981PTC001013	Sheela Investments Coimbatore Private Limited	Director	28/09/1998	28/09/1998	-	Active	NO
U05110TZ1981PTC001026	Sheela Traders Private Limited	Director	28/09/1998	28/09/1998	-	Active	NO
U29191TZ1984PTC001443	Raaviar Engineering Private Limited	Director	18/12/1998	18/12/1998	-	Active	NO
U52110TZ1987PTC001973	Care Products Private Limited	Director	18/12/1998	18/12/1998	-	Active	NO
U65993TZ1999PTC008834	Primera Investments Private Limited	Director	12/04/1999	12/04/1999	-	Active	NO
U17115TZ1984PTC001383	Premier Texturisers Private Limited	Director	11/08/1999	11/08/1999	-	Active	NO
U17111TZ1987PTC001943	Coimbatore Holdings Private Limited	Director	19/08/1999	19/08/1999	-	Active	NO
U17111TZ1981PTC001108	Premier Textile Traders Private Limited	Director	13/08/2001	13/08/2001	-	Active	NO
U17111TZ1994PTC005512	PTL Textiles Coimbatore Private Limited	Director	17/08/2001	17/08/2001	3/02/2009	Active	NO
U65993TZ1985PTC001690	Bagalur Investments Private Limited	Director	17/09/2001	17/09/2001	-	Active	NO
U65993TZ1985PTC001691	Belathur Investments Private Limited	Director	17/09/2001	17/09/2001	-	Active	NO
U65993TZ1983PTC001284	Othakkalmandapam Investment And Finance Private Limited	Director	17/09/2001	17/09/2001	-	Active	NO
U17111TZ1976PTC000755	Sree Narasimha Textiles Private Limited	Director	28/09/2001	28/09/2001	-	Active	NO
U65993TZ2002PTC010417	Glendale Holdings Private Limited	Director	26/12/2002	26/12/2002	3/02/2009	Active	NO
U17111TZ2003PTC010611	Orion Polyfab Private Limited	Director	30/05/2003	30/05/2003	3/02/2009	Active	NO
U70101TZ2002PTC010075	Udamalpet Holdings Private Limited	Director	19/06/2003	19/06/2003	-	Active	NO
U17111TZ2004PTC011207	Raaviar Textiles Private Limited	Director	25/06/2004	25/06/2004	-	Active	NO
U17111TZ2003PTC010452	Coimbatore Polytex Private Limited	Director	2/08/2004	2/08/2004	-	Active	NO
U17111TZ1987PTC001972	Prima Products Private Limited	Director	5/09/2005	5/09/2005	-	Active	NO
U70101TZ2004PTC010972	CTPL Holdings Private Limited	Director	6/09/2005	6/09/2005	3/02/2009	Active	NO
L17111TZ1910PLC000093	The Lakshmi Mills Company Limited	Director	14/12/2005	14/12/2005	-	Active	NO
U40108TZ2003PTC010686	Palavoor Wind Farms Private Limited	Director	19/08/2009	3/02/2009	-	Active	NO

Name :

Mr. Karadibhavi Varadarajan Srinivasan

Designation :

Managing Director

Address :

# 3, V P Naidu Street, Avanashi Road, Coimbatore – 641018, Tamilnadu, India

Date of Birth/Age :

13.03.1961

Date of Appointment :

16.11.1994

DIN No.:

00004103

Other Directorship :

CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
U02919TZ1985PTC001672	Esvee Consultants and Engineers Private Limited	Director	27/09/1985	27/09/1985	-	Active	NO
U02520TZ1981PTC001107	Premier Evolvics Private Limited	Director	1/07/1989	1/07/1989	-	Active	NO
U17111TZ1976PTC000755	Sree Narasimha Textiles Private Limited	Managing director	7/06/1991	7/06/1991	-	Active	NO
U17111TZ1945PTC000146	Premier SPG and WVG Mills Private Limited	Director	7/09/1991	7/09/1991	-	Active	NO
U63040TZ1978PTC000813	Holiday Travels Private Limited	Director	29/09/1992	29/09/1992	-	Active	NO
U17111TZ1994PTC005511	Premier Mills Private Limited	Managing director	16/11/1994	16/11/1994	-	Active	NO
U17111TZ1995PTC005901	Premier Fine Linens Private Limited	Managing director	1/06/2007	8/03/1995	-	Active	NO
U72200TZ1998PTC008616	Nuva Systems Private Limited	Director	12/04/2000	12/04/2000	-	Active	NO
U17111TZ1994PTC005512	PTL Textiles Coimbatore Private Limited	Director	17/08/2001	17/08/2001	-	Active	NO
U70101TZ2002PTC010117	Sree Narasimha Holdings Private Limited	Director	26/03/2002	26/03/2002	-	Active	NO
U65993TZ2002PTC010400	Lakshmi Narasimha Holdings Private Limited	Director	16/12/2002	16/12/2002	-	Active	NO
U65993TZ2002PTC010416	Karadivavi Holdings Private Limited	Director	26/12/2002	26/12/2002	-	Active	NO
U65993TZ2002PTC010415	SNT Holdings Private Limited	Director	26/12/2002	26/12/2002	-	Active	NO
U07010TZ2003PTC010636	PPL Holdings Private Limited	Director	18/06/2003	18/06/2003	-	Active	NO
U07010TZ2003PTC010647	Lakshmi Narasimha Holdings (Coimbatore) Private Limited	Director	25/06/2003	25/06/2003	-	Active	NO
U40108TZ2003PTC010686	Palavoor Wind Farms Private Limited	Director	24/07/2003	24/07/2003	3/02/2009	Active	NO
U40108TZ2003PTC010753	Perungudi Wind Farms Private Limited	Director	5/09/2003	5/09/2003	-	Active	NO
U17120MH1967PLC013669	Confederation of Indian Textile Industry	Director	24/09/2003	24/09/2003	-	Active	NO
U70101TZ2004PTC010970	Pulankinar Holdings Private Limited	Director	9/02/2004	9/02/2004	-	Active	NO
U17111TZ2004PTC011073	Lakshmi Narasimha Textiles Private Limited	Managing director	13/11/2009	1/04/2004	-	Active	NO
U65993TZ2004PTC011200	Pachapalayam Holdings Private Limited	Director	24/06/2004	24/06/2004	-	Active	NO
U18101TZ2004PTC011439	Kulathur Holdings Private Limited	Director	24/11/2004	24/11/2004	-	Active	NO
U17111TZ2003PTC010452	Coimbatore Polytex Private Limited	Director	4/08/2006	4/08/2006	-	Active	NO
U17111TZ1987PTC001972	Prima Products Private Limited	Director	4/08/2006	4/08/2006	-	Active	NO
U70102TZ2007PTC013417	Irugur Holdings Private Limited	Director	6/02/2007	6/02/2007	-	Active	NO
U70101TZ2007PTC013416	Neelambur Holdings Private Limited	Director	6/02/2007	6/02/2007	-	Active	NO
U70101TZ2007PTC013414	Palladam Holdings Private Limited	Director	6/02/2007	6/02/2007	-	Active	NO
U70101TZ2007PTC013415	Thennampalayam Holdings Private Limited	Director	6/02/2007	6/02/2007	-	Active	NO
U91110MH1954NPL009385	The Cotton Textiles Export Promotion Council	Director	21/09/2007	21/09/2007	-	Active	NO
U55101TZ1995PTC006173	Super Airport Holdings (India) Private Limited	Director	15/09/2008	23/08/2008	-	Active	NO

Name :

Mr. Sabitha Chandran

Designation :

Director

Address :

245, ATD Street, Race Course, Coimbatore – 641018, Tamilnadu, India

Date of Birth/Age :

07.04.1942

Date of Appointment :

03.08.2002

DIN No.:

00003889

Other Directorship :

CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
U63040TZ1978PTC000813	Holiday Travels Private Limited	Director	28/08/1978	28/08/1978	-	Active	NO
U65993TZ1980PTC000908	Kavitha Chandran Investments Private Limited	Director	18/02/1980	18/02/1980	-	Active	NO
U65993TZ1980PTC000907	Sabitha Chandran Investments Private Limited	Director	18/02/1980	18/02/1980	-	Active	NO
U65993TZ1980PTC000911	Vijayalakshmi Investments Private Limited	Director	18/02/1980	18/02/1980	-	Active	NO
U65993TZ1980PTC000909	Jagadish Chandran Investments Private Limited	Director	18/02/1980	18/02/1980	-	Active	NO
U65993TZ1980PTC000910	Shanthi Chandran Investments Private Limited	Director	18/02/1980	18/02/1980	-	Active	NO
U65993TZ1981PTC001012	Kavitha Chandran Investments Coimbatore Private Limited	Director	9/02/1981	9/02/1981	-	Active	NO
U65993TZ1981PTC001011	Sabitha Chandran Investments No Ii Private Limited	Director	9/02/1981	9/02/1981	-	Active	NO
U65993TZ1981PTC001009	Vijayalakshmi Investments Coimbatore Private Limited	Director	9/02/1981	9/02/1981	-	Active	NO
U65993TZ1981PTC001010	Jagadish Chandran Investment Coimbatore Private Limited	Director	9/02/1981	9/02/1981	-	Active	NO
U50102TZ1981PTC001025	Jagadish Chandran Enterprisers Private Limited	Director	16/03/1981	16/03/1981	-	Active	NO
U05110TZ1981PTC001028	Kavitha Chandran Enterprisers Private Limited	Director	16/03/1981	16/03/1981	-	Active	NO
U05110TZ1981PTC001024	Sabitha Chandran Traders Private Limited	Director	16/03/1981	16/03/1981	-	Active	NO
U05110TZ1981PTC001029	Shanthi Chandran Enterprisers Private Limited	Director	16/03/1981	16/03/1981	-	Active	NO
U65993TZ1981PTC001008	Shanthi Chandran Investments Coimbatore Private Limited	Director	16/03/1981	16/03/1981	-	Active	NO
U05110TZ1981PTC001027	Vijayalakshmi Enterprisers Private Limited	Director	16/03/1981	16/03/1981	-	Active	NO
U65993TZ1981PTC001130	Udamalpet Investment Company Private Limited	Director	28/12/1981	28/12/1981	-	Active	NO
U65910TZ1980PTC000950	Coimbatore Leasing Private Limited	Director	21/04/1984	21/04/1984	-	Strike off	NO
U65910TZ1980PTC000951	Premier Leasing Private Limited	Director	21/04/1984	21/04/1984	-	Strike off	NO
U29191TZ1984PTC001442	Dhanalakshmi Engineering Private Limited	Director	9/07/1984	9/07/1984	-	Active	NO
U65921TZ1979PTC000861	Capricorn General Finance Private Limited	Director	27/07/1987	27/07/1987	-	Active	NO
U17111TZ1945PTC000146	Premier Spg And Wvg Mills Private Limited	Director	19/08/1996	19/08/1996	-	Active	NO
U65993TZ1983PTC001285	Pulankinar Investment And Finance Private Limited	Director	26/08/1999	26/08/1999	-	Active	NO
U17111TZ1994PTC005512	PTL Textiles Coimbatore Private Limited	Director	17/08/2001	17/08/2001	-	Active	NO
U70101TZ2002PTC010075	Udamalpet Holdings Private Limited	Director	8/03/2002	8/03/2002	3/02/2009	Active	NO
U02520TZ1981PTC001107	Premier Evolvics Private Limited	Director	3/08/2002	3/08/2002	-	Active	NO
U17111TZ1995PTC005901	Premier Fine Linens Private Limited	Director	3/08/2002	3/08/2002	-	Active	NO
U17111TZ1994PTC005511	Premier Mills Private Limited	Director	3/08/2002	3/08/2002	-	Active	NO
U52110TZ1987PTC001973	Care Products Private Limited	Director	8/08/2002	8/08/2002	-	Active	NO
U29252TZ1996PTC007017	Premier Cotton Textiles Private Limited	Director	8/08/2002	8/08/2002	-	Active	NO
U17111TZ1987PTC001943	Coimbatore Holdings Private Limited	Director	8/08/2002	8/08/2002	3/02/2009	Active	NO
U29191TZ1984PTC001443	Raaviar Engineering Private Limited	Director	8/08/2002	8/08/2002	3/02/2009	Active	NO
U65993TZ2002PTC010417	Glendale Holdings Private Limited	Director	26/12/2002	26/12/2002	-	Active	NO
U74999TZ1981PTC001106	Coimbatore Twisters Private Limited	Director	18/06/2003	18/06/2003	-	Active	NO
U07010TZ2003PTC010635	PFYL Holdings Private Limited	Director	18/06/2003	18/06/2003	-	Active	NO
U40108TZ2003PTC010686	Palavoor Wind Farms Private Limited	Director	24/07/2003	24/07/2003	3/02/2009	Active	NO
U65993TZ2003PTC010752	Arasur Holdings Private Limited	Director	5/09/2003	5/09/2003	-	Active	NO
U65993TZ2003PTC010751	Naranapuram Holdings Private Limited	Director	5/09/2003	5/09/2003	-	Active	NO
U40108TZ2003PTC010753	Perungudi Wind Farms Private Limited	Director	5/09/2003	5/09/2003	-	Active	NO
U70101TZ2004PTC010970	Pulankinar Holdings Private Limited	Director	9/02/2004	9/02/2004	-	Active	NO
U65993TZ2004PTC011203	Avanashi Holdings Private Limited	Director	24/06/2004	24/06/2004	-	Active	NO
U17111TZ1984PTC001384	Coimbatore Nonwovens Private Limited	Director	13/07/2004	13/07/2004	-	Active	NO
U18101TZ2004PTC011439	Kulathur Holdings Private Limited	Director	24/11/2004	24/11/2004	-	Active	NO
U65921TZ1979PTC000842	PGF Holdings (Coimbatore) Private Limited	Director	28/09/2006	28/09/2006	-	Active	NO
U70102TZ2007PTC013417	Irugur Holdings Private Limited	Director	6/02/2007	6/02/2007	-	Active	NO
U70101TZ2007PTC013416	Neelambur Holdings Private Limited	Director	6/02/2007	6/02/2007	-	Active	NO
U70101TZ2007PTC013414	Palladam Holdings Private Limited	Director	6/02/2007	6/02/2007	-	Active	NO
U70101TZ2007PTC013415	Thennampalayam Holdings Private Limited	Director	6/02/2007	6/02/2007	-	Active	NO
U17111TZ2003PTC010452	Coimbatore Polytex Private Limited	Director	10/08/2007	7/02/2007	-	Active	NO
U01111TZ2007PTC013458	Valavadi Farms Private Limited	Director	21/02/2007	21/02/2007	-	Active	NO
U70101TZ2002PTC010073	Puliakulam Holdings Private Limited	Director	8/08/2007	22/03/2007	-	Active	NO
U70101TZ2002PTC010074	Bagalur Holdings Private Limited	Director	8/08/2007	22/03/2007	-	Active	NO
U17111TZ2008PTC014141	Premier Textiles Private Limited	Director	8/01/2008	8/01/2008	-	Active	NO
U17111TZ2008PTC014142	Premier Fine Yarns Private Limited	Director	8/01/2008	8/01/2008	-	Active	NO
U18101TZ2008PTC014569	Primero Intimates Private Limited	Director	18/06/2008	18/06/2008	-	Active	NO
U17111TZ2008PTC014616	Premier Home Textiles Private Limited	Director	7/07/2008	7/07/2008	-	Active	NO
U17111TZ2008PTC014617	Premier Polyweaves Private Limited	Director	7/07/2008	7/07/2008	-	Active	NO
U70101TZ2004PTC010972	CTPL Holdings Private Limited	Director	18/08/2009	3/02/2009	-	Active	NO
U17111TZ2003PTC010611	Orion Polyfab Private Limited	Director	17/08/2009	3/02/2009	-	Active	NO

Name :

Mr. Sridhar Varadaraj

Designation :

Director

Address :

# 9, V P Naidu Street, Avanashi Road, Coimbatore – 641018, Tamilnadu, India

Date of Birth/Age :

24.11.1969

Date of Appointment :

18.06.2003

DIN No.:

00007603

Other Directorship :

CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
U02919TZ1985PTC001672	Esvee Consultants and Engineers Private Limited	Director	25/06/1988	25/06/1988	-	Active	NO
U17111TZ1976PTC000755	Sree Narasimha Textiles Private Limited	Director	30/09/1994	30/09/1994	-	Active	NO
U02520TZ1981PTC001107	Premier Evolvics Private Limited	Managing director	23/08/1995	23/08/1995	-	Active	NO
U17111TZ1995PTC005901	Premier Fine Linens Private Limited	Director	5/01/1996	5/01/1996	-	Active	NO
U72200TZ1998PTC008616	Nuva Systems Private Limited	Managing director	20/10/1998	20/10/1998	-	Active	NO
U70101TZ2002PTC010117	Sree Narasimha Holdings Private Limited	Director	26/03/2002	26/03/2002	-	Active	NO
U65993TZ2002PTC010400	Lakshmi Narasimha Holdings Private Limited	Director	16/12/2002	16/12/2002	-	Active	NO
U65993TZ2002PTC010416	Karadivavi Holdings Private Limited	Director	26/12/2002	26/12/2002	-	Active	NO
U65993TZ2002PTC010415	SNT Holdings Private Limited	Director	26/12/2002	26/12/2002	-	Active	NO
U17111TZ1994PTC005511	Premier Mills Private Limited	Director	18/06/2003	18/06/2003	-	Active	NO
U07010TZ2003PTC010647	Lakshmi Narasimha Holdings (Coimbatore) Private Limited	Director	25/06/2003	25/06/2003	-	Active	NO
U17111TZ2004PTC011073	Lakshmi Narasimha Textiles Private Limited	Director	1/04/2004	1/04/2004	-	Active	NO
U65993TZ2004PTC011200	Pachapalayam Holdings Private Limited	Director	24/06/2004	24/06/2004	-	Active	NO
U18101TZ2004PTC011439	Kulathur Holdings Private Limited	Director	24/11/2004	24/11/2004	-	Active	NO
U70101TZ2004PTC010971	P C T Holdings Private Limited	Director	6/09/2005	6/09/2005	-	Active	NO

Name :

Ms. Shanthi Srinivasan

Designation :

Director

Address :

# 3, V P Naidu Street, Avanashi Road, Coimbatore – 641018, Tamilnadu, India

Date of Birth/Age :

27.11.1965

Date of Appointment :

04.08.2006

DIN No.:

00004146

Other Directorship :

CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
U63040TZ1978PTC000813	Holiday Travels Private Limited	Managing director	30/11/1984	30/11/1984	-	Active	NO
U05110TZ1981PTC001029	Shanthi Chandran Enterprisers Private Limited	Director	1/09/1986	1/09/1986	-	Active	NO
U65993TZ1981PTC001008	Shanthi Chandran Investments Coimbatore Private Limited	Director	1/09/1986	1/09/1986	-	Active	NO
U05110TZ1981PTC001027	Vijayalakshmi Enterprisers Private Limited	Director	1/09/1986	1/09/1986	-	Active	NO
U65993TZ1981PTC001009	Vijayalakshmi Investments Coimbatore Private Limited	Director	1/09/1986	1/09/1986	-	Active	NO
U65993TZ1980PTC000911	Vijayalakshmi Investments Private Limited	Director	1/09/1986	1/09/1986	-	Active	NO
U65993TZ1981PTC001010	Jagadish Chandran Investment Coimbatore Private Limited	Director	1/09/1986	1/09/1986	-	Active	NO
U65993TZ1980PTC000909	Jagadish Chandran Investments Private Limited	Director	1/09/1986	1/09/1986	-	Active	NO
U65993TZ1980PTC000910	Shanthi Chandran Investments Private Limited	Director	1/09/1986	1/09/1986	-	Active	NO
U65993TZ1983PTC001285	Pulankinar Investment and Finance Private Limited	Director	26/08/1999	26/08/1999	-	Active	NO
U65993TZ2004PTC011202	Polytronics Holdings Private Limited	Director	24/06/2004	24/06/2004	-	Active	NO
U18101TZ2004PTC011439	Kulathur Holdings Private Limited	Director	24/11/2004	24/11/2004	-	Active	NO
U07010TZ2003PTC010636	PPL Holdings Private Limited	Director	15/12/2004	15/12/2004	-	Active	NO
U17111TZ1994PTC005511	Premier Mills Private Limited	Director	4/08/2006	4/08/2006	-	Active	NO
U17111TZ1995PTC005901	Premier Fine Linens Private Limited	Managing director	1/06/2007	4/08/2006	-	Active	NO
U02520TZ1981PTC001107	Premier Evolvics Private Limited	Director	12/08/2006	12/08/2006	-	Active	NO
U17111TZ1976PTC000755	Sree Narasimha Textiles Private Limited	Director	20/09/2008	8/09/2007	-	Active	NO
U70101TZ2004PTC010972	CTPL Holdings Private Limited	Director	29/09/2011	22/08/2011	-	Active	NO

Name :

Ms. Kavitha Varadaraj

Designation :

Managing Director

Address :

# 9, V P Naidu Street, Avanashi Road, Coimbatore – 641018, Tamilnadu, India

Date of Birth/Age :

03.01.1970

Date of Appointment :

04.08.2006

DIN No.:

00007412

Other Directorship :

CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
U63040TZ1978PTC000813	Holiday Travels Private Limited	Director	29/09/1992	29/09/1992	-	Active	NO
U50102TZ1981PTC001025	Jagadish Chandran Enterprisers Private Limited	Director	28/09/1998	28/09/1998	-	Active	NO
U05110TZ1981PTC001028	Kavitha Chandran Enterprisers Private Limited	Director	28/09/1998	28/09/1998	-	Active	NO
U65993TZ1980PTC000908	Kavitha Chandran Investments Private Limited	Director	28/09/1998	28/09/1998	-	Active	NO
U65993TZ1981PTC001012	Kavitha Chandran Investments Coimbatore Private Limited	Director	28/09/1998	28/09/1998	-	Active	NO
U65993TZ1981PTC001011	Sabitha Chandran Investments No Ii Private Limited	Director	28/09/1998	28/09/1998	-	Active	NO
U65993TZ1980PTC000907	Sabitha Chandran Investments Private Limited	Director	28/09/1998	28/09/1998	-	Active	NO
U05110TZ1981PTC001024	Sabitha Chandran Traders Private Limited	Director	28/09/1998	28/09/1998	-	Active	NO
U29191TZ1984PTC001442	Dhanalakshmi Engineering Private Limited	Director	19/08/1999	19/08/1999	-	Active	NO
U72200TZ1998PTC008616	Nuva Systems Private Limited	Director	12/04/2000	12/04/2000	-	Active	NO
U74999TZ1981PTC001106	Coimbatore Twisters Private Limited	Director	18/06/2003	18/06/2003	-	Active	NO
U65993TZ2004PTC011203	Avanashi Holdings Private Limited	Director	24/06/2004	24/06/2004	-	Active	NO
U18101TZ2004PTC011439	Kulathur Holdings Private Limited	Director	24/11/2004	24/11/2004	-	Active	NO
U70101TZ2004PTC010971	P C T Holdings Private Limited	Director	6/09/2005	6/09/2005	-	Active	NO
U17111TZ1995PTC005901	Premier Fine Linens Private Limited	Director	4/08/2006	4/08/2006	-	Active	NO
U17111TZ1994PTC005511	Premier Mills Private Limited	Managing director	1/06/2007	4/08/2006	-	Active	NO
U02520TZ1981PTC001107	Premier Evolvics Private Limited	Director	12/08/2006	12/08/2006	-	Active	NO

Name :

Mr. Rohit Rajendra

Designation :

Director

Address :

No. 13, Ward No. 18, Nethaji Road, Coimbatore – 641037, Tamilnadu, India

Date of Birth/Age :

04.07.1979

Date of Appointment :

02.12.2006

DIN No.:

00030631

Other Directorship :

CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
U17111TZ1945PTC000146	Premier Spg and Wvg Mills Private Limited	Director	3/08/2005	3/08/2005	-	Active	NO
U17111TZ2003PTC010452	Coimbatore Polytex Private Limited	Director	5/09/2005	5/09/2005	-	Active	NO
U17111TZ1987PTC001972	Prima Products Private Limited	Director	5/09/2005	5/09/2005	-	Active	NO
U17115TZ1984PTC001383	Premier Texturisers Private Limited	Director	4/08/2006	4/08/2006	-	Active	NO
U17111TZ1994PTC005511	Premier Mills Private Limited	Director	3/08/2007	2/12/2006	-	Active	NO
U17111TZ1995PTC005901	Premier Fine Linens Private Limited	Director	3/08/2007	2/12/2006	-	Active	NO
U02520TZ1981PTC001107	Premier Evolvics Private Limited	Director	24/09/2007	30/06/2007	-	Active	NO

Name :

Rangian Jayabal

Designation :

Director

Address :

304, Park View Apartment, 31 – A, ATT Colony, Coimbatore – 641018, Tamilnadu, India

Date of Birth/Age :

Date of Appointment :

30.11.2009

DIN No.:

00003830

Other Directorship :

CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
U74999TZ1981PTC001106	Coimbatore Twisters Private Limited	Director	29/04/1985	29/04/1985	-	Active	NO
U17111TZ1987PTC001972	Prima Products Private Limited	Director	11/08/1999	11/08/1999	19/03/2009	Active	NO
U17111TZ2003PTC010452	Coimbatore Polytex Private Limited	Director	1/04/2003	1/04/2003	19/03/2009	Active	NO
U17111TZ1994PTC005511	Premier Mills Private Limited	Director	30/09/2010	30/11/2009	-	Active	NO
U17111TZ1995PTC005901	Premier Fine Linens Private Limited	Director	30/09/2010	30/11/2009	-	Active	NO
U17111TZ1976PTC000755	Sree Narasimha Textiles Private Limited	Director	24/09/2010	30/11/2009	-	Active	NO
U17111TZ2004PTC011073	Lakshmi Narasimha Textiles Private Limited	Director	24/09/2010	19/08/2010	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
PTL Textiles Coimbatore Private Limited, India	23970
R Jagdish Chandran	1335
Sabitha Chandran	1335
Total	26640

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2011

Category	Percentage
Bodies corporate	89.98
Directors or relatives of Directors	10.02
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of Yarn, Cotton Fabrics, Knitted Fabrics.

Products :

PRODUCT DESCRIPTION	ITC CODE
Cotton Yarn	52.05
Garments	61.07

PRODUCTION STATUS AS ON 31.03.2010

Particulars	Unit	Installed Capacity	Actual Production
Spindles		119040	--
Yarn	Kgs.	--	36.23
Garments	Pcs.	--	1284310

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Union Bank of India, 235, Oppanakara Street, Coimbatore – 641001, Tamilnadu, India

Facilities :

Secured Loan	As on 31.03.2010 (Rs. in Millions)	As on 31.03.2009 (Rs. in Millions)
From Banks
Term Loans	1702.716	1715.471
Working Capital (The above loans are secured by charge on land, buildings, plant and machinery, inventories and book debts)	169.471	626.544
Total	1872.187	2342.015
Unsecured Loan	As on 31.03.2010 (Rs. in Millions)	As on 31.03.2009 (Rs. in Millions)
Short Term Loan – From Corporate	0.000	30.038
Total	0.000	30.038

Banking Relations :	--
Auditors :
Name :	M S Jagannathan and Visvanathan Chartered Accountants
Address :	6, D B Road, R S Puram, Coimbatore – 641002, Tamilnadu, India
PAN.:	AAJPV2562K
Subsidiaries :

CAPITAL STRUCTURE

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.100/- each	Rs.5.000 Millions
10000	15% Redeemable Preference Shares	Rs.100/- each	Rs.0.100 Million
	Total		Rs.5.100 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
26640	Equity Shares	Rs.100/- each	Rs.2.664 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		2.664	2.754	2.754
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		1355.283	1297.027	1172.672
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		1357.947	1299.781	1175.426
LOAN FUNDS
1] Secured Loans		1872.187	2342.015	2072.920
2] Unsecured Loans		0.000	30.038	25.639
TOTAL BORROWING		1872.187	2372.053	2098.559
DEFERRED TAX LIABILITIES		265.528	256.758	238.897
TOTAL		3495.662	3928.592	3512.882
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1982.327	2198.606	2351.872
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		89.002	163.174	89.002
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	556.506	858.924	368.882
	Sundry Debtors	108.829	52.067	64.616
	Cash & Bank Balances	465.014	407.283	224.212
	Other Current Assets	104.452	73.759	50.403
	Loans & Advances	290.680	324.462	467.031
Total Current Assets		1525.481	1716.495	1175.144
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000	0.000	0.000
	Other Current Liabilities	69.375	102.835	60.993
	Provisions	31.773	46.848	42.143
Total Current Liabilities		101.148	149.683	103.136
Net Current Assets		1424.333	1566.812	1072.008
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		3495.662	3928.592	3512.882

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	1517.902	1210.308	1447.155
		Other Income	NA	NA	NA
		TOTAL (A)	NA	NA	NA
Less	EXPENSES
		Office Expenses	NA	NA	NA
		Administrative Expenses
		Advertising Expenses
		TOTAL (B)	NA	NA	NA
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		453.483	377.754	472.998
Less	FINANCIAL EXPENSES (D)		160.918	177.506	160.587
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		292.565	200.248	312.411
Less/ Add	DEPRECIATION/ AMORTISATION (F)		225.721	162.051	228.872
	PROFIT BEFORE TAX (E-F) (G)		66.844	38.197	83.539
Less	TAX (H)		8.770	19.311	26.740
	PROFIT AFTER TAX (G-H) (I)		58.074	18.886	56.799
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		1264.081	1139.726	1082.301
Less	APPROPRIATIONS
		Transfer to Capital Redemption Reserve	0.090	0.000	0.000
	BALANCE CARRIED TO THE B/S		1322.247	1264.081	1139.726
	EARNINGS IN FOREIGN CURRENCY
		FOB Basis	781.049	1038.558	1311.420
	TOTAL EARNINGS		781.049	1038.558	1311.420
	IMPORTS
		Raw Materials	146.244	707.386	578.247
		Components & Spares	5.448	14.350	7.792
		Capital Goods	0.000	0.000	10.964
	TOTAL IMPORTS		151.692	721.736	597.003
	Earnings Per Share (Rs.)		217.99	70.89	213.20

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
Net Profit Margin (PBT/Sales)	(%)	4.40	3.16	5.77
Return on Total Assets (PBT/Total Assets}	(%)	1.90	0.97	2.36
Return on Investment (ROI) (PBT/Networth)		0.05	0.03	0.07
Debt Equity Ratio (Total Liability/Networth)		1.45	1.94	1.87
Current Ratio (Current Asset/Current Liability)		15.08	11.46	11.39

LOCAL AGENCY FURTHER INFORMATION

FORM 8

Corporate identity number of the company	U17111TZ1994PTC005511
Name of the company	PREMIER MILLS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	244 Atd Street, Race Course Coimbatore – 641018, Tamil Nadu, India Email Id : mail@premiermills.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	80000001
Type of charge	Book debts Movable property (not being pledge)
Particular of charge holder	Union Bank of India, 235, Oppanakara Street, Coimbatore – 641001, Tamilnadu, India Email Id : unioncbe@vsnl.net
Date of instrument Creating the charge	09.05.2011
Amount secured by the charge	Rs.164.500 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest 11.00% per annum Terms of repayment Credit limit renewed / modified by the bank is in the nature of working capital and payable on demand Margin 100% Extent and operation of the charge The due repayment and discharge of working capital facilities of Rs164.500 Millions by the company to the bank are secured by - first pari passu charge on all current assets such as raw materials, stock in process, finished goods, receivables, stores and spares both present and future and second pari passu charge on movable fixed assets, present and future
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Raw materials, stock in process, finished goods, receivables, stores and spares and other current assets, movable fixed assets both present and future , situated in the premises/godown of the company
Date of instrument modifying the charge	06.08.2007
Particulars of the present modification	The aggregate of working capital credit facilities are revised from Rs.170.000 Millions to Rs.164.500 Millions

CONTINGENT LIABILITIES AS ON31.03.2010

· Estimated amount of contracts to be executed on capital account and not provided for (Net Advances) – Rs.0.254 Millions

· On account of disputed statutory demands not accounted – Rs.0.128 Millions

· Export Bills Discounted with Banks – Rs.60.278 Millions

FIXED ASSETS

· Land – Freehold

· Buildings

· Machinery

· Electrical/ Data Processing Machine

· Office Equipments and Furniture

· Vehicles

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.51.78
UK Pound	1	Rs.81.32
Euro	1	Rs.69.42

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	7
--CREDIT LINES	1~10	6
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		60

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.