MIRA INFORM REPORT

Report Date :

29.06.2011

IDENTIFICATION DETAILS

Name :	AMEYA INDUSTRIAL SUPPLIERS PRIVATE LIMITED
Registered Office :	277/ 2, SHANIWAR Peth, shriram Apartment, Tambe Lane, Near Vishnukripa Hall, Pune – 411030, Maharashtra
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	24.01.1997
Com. Reg. No.:	25 - 105385
Capital Investment / Paid-up Capital :	Rs. 0.830 Million
CIN No.: [Company Identification No.]	U29299PN1997PTC105385
Legal Form :	Private Limited Liability Company
Line of Business :	Distributor of Polymer Product and Fastbond.
No. of Employees :	20 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 39000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relation are reported as fair. Business is active. Payments are reported to be usually 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 – June 30, 2010

Country Name	Previous Rating (01.04.2010)	Current Rating (30.06.2010)
India	A1	A1

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

INFORMATION PARTED BY

Name :	Mr. Atul Ramchandra Parchure
Designation :	Director
Contact No.:	91-9370012871
Date :	28.06.2011

LOCATIONS

Registered Office :	277/ 2, SHANIWAR Peth, shriram Apartment, Tambe Lane, Near Vishnukripa Hall, Pune – 411030, Maharasahtra, India
Tel. No.:	91-20-24459303/ 24459309/ 24459032
Mobile No.:	91-9370012871 (Mr. Atul Ramchandra Parchure)
Fax No.:	91-20-24454093
E-Mail :	info@ameyagroup.co.in
Website :	www.ameyagroup.co.in
Area :	700 Sq. Ft
Location :	Owned

DIRECTORS

As on 30.09.2010

Name :	Mr. Atul Ramchandra Parchure
Designation :	Managing Director
Address :	Flat No.2, Rajprasad Apartments, Near Dashbhuja Ganpati Temple, Tulshibagwale Colony, Sahakar Nagar, Pune – 411009, Maharasahtra, India
Date of Birth/Age :	10.02.1962
Qualification :	BE
Date of Appointment :	24.01.1997
DIN No.:	00620964
Name :	Mr. Satish Ramchandra Parchure
Designation :	Managing Director
Address :	61/ 27, Bharati Niwas Society, Erandawane, Pune – 411004, Maharasahtra, India
Date of Birth/Age :	23.07.1963
Qualification :	B. Tech
Date of Appointment :	24.01.1997
DIN No.:	00621044

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2010

Names of Shareholders	No. of Shares
Atul Ramchandra Parchure	4060
Satish Ramchandra Parchure	4060
Ramchandra Parchure	60
Aarti A. Parchure	60
Suchitra S. Parchure	60
Total	8300

As on 30.09.2010

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Distributor of Polymer Product and Fastbond.
Products :	Adhesive Tapes Abrasives Label Stock
Exports :
Products :	Polymer Product and Fastbond
Countries :	Hongkong Europe
Imports :
Products :	Polymer Product and Fastbond
Countries :	China Europe
Terms :
Selling :	L/C, Cash and Credit
Purchasing :	L/C, Cash and Credit

GENERAL INFORMATION

Customers :

End Users

No. of Employees :

20 (Approximately)

Bankers :

• Citi Bank, 24/ 3 , Kumar Capital, East Street Camp, Pune – 411001, Maharasahtra, India
• ICICI Bank
• Janta Sahakari Bank
• Bank of India

Facilities :

Secured Loan	As on 31.03.2010 (Rs. in Millions)	As on 31.03.2009 (Rs. in Millions)
Secured Loan	0.083	0.185
Total	0.083	0.185
Unsecured Loan	As on 31.03.2010 (Rs. in Millions)	As on 31.03.2009 (Rs. in Millions)
From Directors
Mr. A R Parchure	0.500	2.500
Mr. S R Parchure	2.500	2.500
From Others	0.000	0.000
Mr. R M Parchure	3.000	1.500
Mrs. A A Parchure	1.250	1.100
Mrs. S S Parchure	1.250	1.100
Total	8.500	8.700

Banking Relations :	--
Auditors :
Name :	B. G. Varma and Company Chartered Accountant
Address :	Office No.2, S. No. 1328, Saraswati apartments, Near bharat NatyaMandir, Sadashiv Peth, Pune - 411030, Maharasahtra, India
Tel. No.:	91-20-24460247
PAN.:	AAOPV4129K
Sister Concern :	Lotus Tapes India Private Limited

CAPITAL STRUCTURE

As on 30.09.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.100/- each	Rs. 5.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
8300	Equity Shares	Rs.100/- each	Rs. 0.830 Million

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		0.830	0.830	0.830
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		8.890	6.933	5.296
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		9.720	7.763	6.126
LOAN FUNDS
1] Secured Loans		0.083	0.185	7.260
2] Unsecured Loans		8.500	8.700	8.700
TOTAL BORROWING		8.583	8.885	15.960
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		18.303	16.648	22.086
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1.730	2.115	2.692
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		6.042	5.700	5.198
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	5.823
	Sundry Debtors	32.489	20.286	22.401
	Cash & Bank Balances	5.311	4.284	0.202
	Other Current Assets	1.900	1.498	2.474
	Loans & Advances	0.000	0.000	0.000
Total Current Assets		39.700	26.068	30.900
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	13.917	7.608	8.457
	Other Current Liabilities	13.638	8.062	0.000
	Provisions	1.614	1.565	8.247
Total Current Liabilities		29.169	17.235	16.704
Net Current Assets		10.531	8.833	14.196
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		18.303	16.648	22.086

PROFIT & LOSS ACCOUNT

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	TOTAL INCOME	142.939	122.495	142.320
PROFIT AFTER TAX		1.937	1.636	2.846
TOTAL IMPORTS		4.390	NA	NA
Earnings Per Share (Rs.)		233.37	--	--

Particulars	31.03.2011
Sales Turnover (Approximately)	160.000

The above information has been parted by Mr. Atul Ramchandra Parchure

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	1.35	1.33	2.00
Debt Equity Ratio (Total Liability/Networth)		3.88	3.36	5.33
Current Ratio (Current Asset/Current Liability)		1.36	1.51	1.85

LOCAL AGENCY FURTHER INFORMATION

Change of Address:

Registered office of the company has been shifted from 13-C, Kasba Peth, Pune – 411011, Maharasahtra, India to the present address w.e.f 01.04.2008

Trade Reference:

• PK electronic Private Limited
• Unique Lable Private Limited

Operations:

The company has achieved a turnover of Rs. 142.939 Millions during the financial year and earned profit after tax of Rs. 1.937 Millions

Form 8:

This form is for	Creation of charge
Charge identification number of the modified	U29299MH1997PTC105385
Corporate identity number of the company
Name of the company	AMEYA INDUSTRIAL SUPPLIERS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	277/ 2, SHANIWAR Peth, shriram Apartment, Tambe Lane, Near Vishnukripa Hall, Pune – 411030, Maharasahtra, India
Type of charge	Book Debts Movable Property Floating Charge
Particular of charge holder	Citi Bank, 24/ 3 , Kumar Capital, East Street Camp, Pune – 411001, Maharasahtra, India
Nature of description of the instrument creating or modifying the charge	Goods Security Agreement
Date of instrument Creating the charge	25.11.2006
Amount secured by the charge	Rs. 10.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest The Company shall pay interest to Bank on the principal amount of the aforesaid fund based facilities advanced and outstanding from time to time @ 10.5% per annum, with monthly rests on the last date of each month in each year The Bank shall at any time or from time to time entitled to change the rate of interest and notify such changes to the company. Terms of Repayment On Demand Margin Margin of security of 25% against the said Stocks and 25% against the Book Debts Extent and Operation of the charge The Borrower hypothecated/charged the properties stated in Item No 14 by way of first charge to and in favour of the Bank for the credit facilities together with interest, cost commission, costs, charges, expenses and all other monies which are payable to the bank.
Short particulars of the property charged	The whole of movable assets, including stocks of raw materials, goods in process of manufacture, semi finished goods and all finished and manufactured goods and articles together with all stores, components and spares which now belongs to and pertains to, or may hereafter from time to time during the continuance of this security

Fixed Assets:

• Air Conditioner
• Computer
• Cooler
• Electrical Installation
• Fax Machine
• Mobile Phone
• Office Furniture
• Ownership Godown
• Ownership Shop
• Plant and Machinery
• UPS
• Software
• Camera
• TVS Scooty
• Office Equipment
• Car
• Bike

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.45.05
UK Pound	1	Rs.71.92
Euro	1	Rs.64.34

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--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		45

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.