1. Summary Information

		Country	India
Company Name	SHAILY ENGINEERING PLASTICS LIMITED	Principal Name 1	Mr. Hasmukh Santilal Shah
Status	Satisfactory	Principal Name 2	Mr. Mahendra B. Sanghvi
		Registration #	04-065554
Street Address	Survey No. 364/366, At Post Rania, Taluka Savli, District Baroda-391780, Gujarat
Established Date	18.04.1980	SIC Code	--
Telephone#	91-2667-244307	Business Style 1	Manufacturer
Fax #	91-2667-244372	Business Style 2	--
Homepage	http://www.shaily.com	Product Name 1	Plastic Molded Parts
# of employees	600 (Approximately)	Product Name 2	--
Paid up capital	Rs.73,184,000/-	Product Name 3	--
Shareholders	Promoter and Promoter Group 58.94%, Public Shareholding 41.06%	Banking	Standard Chartered Bank
Public Limited Corp.	Yes	Business Period	31 Years
IPO	Yes	International Ins.	-
Public Enterprise	Yes	Rating	Ba (46)
Related Company
Relation	Country	Company Name	CEO
Relative of key management personnel and enterprises over which key management personnel and their relatives are able to exercise significant influence are as follow:	--	Panax Appliances Private Limited	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	539,882,000	Current Liabilities	203,692,000
Inventories	121,630,000	Long-term Liabilities	583,244,000
Fixed Assets	396,416,000	Other Liabilities	12,018,000
Deferred Assets	000	Total Liabilities	798,954,000
Invest& other Assets	11,087,000	Retained Earnings	196,877,000
		Net Worth	270,061,000
Total Assets	1,069,015,000	Total Liab. & Equity	1,069,015,000
Total Assets (Previous Year)	937,610,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	1,266,605,000	Net Profit	38,171,000
Sales(Previous yr)	947,823,000	Net Profit(Prev.yr)	21,164,000

MIRA INFORM REPORT

Report Date :

07.11.2011

IDENTIFICATION DETAILS

Name :	SHAILY ENGINEERING PLASTICS LIMITED [w.e.f. 28.02.2007]
Formerly Known As :	ANMOL TRADING COMPANY LIMITED
Registered Office :	Survey No. 364/366, At Post Rania, Taluka Savli, District Baroda-391780, Gujarat
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	18.04.1980
Com. Reg. No.:	04-065554
Capital Investment / Paid-up Capital :	Rs.73.184 Millions
CIN No.: [Company Identification No.]	L51900GJ1980PLC065554
TAN No.: [Tax Deduction & Collection Account No.]	BRDS01847G
Legal Form :	Public Limited Liability Company. The company’s shares are listed on the Stock Exchange
Line of Business :	Manufacturing of Plastic Molded Parts.
No. of Employees :	600 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

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

Maximum Credit Limit :	USD 1000000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is a well established company having satisfactory track. Trade relations 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 – 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

INFORMATION PARTED BY

Name :	Mr. Rahul
Designation :	Accounts Department

LOCATIONS

Registered Office / Factory 1 :	Survey No. 364/366, At Post Rania, Taluka Savli, District Baroda-391780, Gujarat
Tel. No.:	91-2667-244307 / 244361 / 244348
Fax No.:	91-2667-244372
E-Mail :	investors@shally.com accounts@shaily.com secretarial@shaily.com jayeshshah16@indiatimes.com
Website :	http://www.shaily.com
Area :	2226 Sq. Mtrs
Location :	Leased
Correspondence Office :	8, J. P. Nagar, Opposite GEB Colony, Old Padra Road, Baroda – 390015, Gujarat, India
Tel. No.:	91-265-2330674 / 2332723/ 2332706
Fax No.:	91-265-2332723
E-Mail :	mail@shaily.com investors@shally.com secretarial@shaily.com sales@shaily.com
Factory 2 :	Plot No. 706, 707, 708 GIDC, Halol-389350, District Panchmahals, Gujarat, India
Tel. No.:	91-2676-221569 / 222913 / 14
Fax No.:	91-2676-220183
E-Mail :	halol@shaily.com halol.plant@shaily.com
Area :	20001 Sq. Mtrs
Location :	Leased
Overseas Office :	Industrial Design Consultancy, The Portland Business Centre Manor House Lane, Datchet, Slough Berkshire SL3 9EG UK
Tel. No.:	44 (0) 1753-547610
Fax No.:	44 (0) 1753-549224
E-Mail :	brian.gough@idc.uk.com
Website :	http://www.idc.uk.com
Branches :	Located At : · Gujarat · Mumbai · USA · UK

DIRECTORS

As on 31.03.2011

Name :

Mr. Hasmukh Santilal Shah

Designation :

Chairman

Address :

15, Dhanushya Society, Sama Road, Vadodara – 390008, Gujarat, India

Date of Birth/Age :

01.10.1934

Date of Appointment :

07.12.2002

DIN No. :

00152195

Other Directorship:

S. No.	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
1	L99999GJ1975PLC002859	ATUL LIMITED	Director	02-11-92	02-11-92	-	Active	NO
2	L23200MH1989PLC054633	SUPREME PETROCHEM LIMITED	Director	17-10-94	17-10-94	-	Active	NO
3	L23203GJ1980PLC003623	GUJARAT GAS COMPANY LIMITED	Director	13-01-99	13-01-99	-	Active	NO
4	U24220GJ1991PLC016598	MICRO INKS LIMITED	Director	27-06-00	27-06-00	-	Active	NO
5	L24230GJ1993PLC019050	SUN PHARMACEUTICAL INDUSTRIES LIMITED	Director	23-03-01	23-03-01	-	Active	NO
6	L51900GJ1980PLC065554	SHAILY ENGINEERING PLASTICS LIMITED	Director	07-12-02	07-12-02	-	Active	NO
7	L24110GJ1970PLC001735	DEEPAK NITRITE LIMITED	Director	21-10-03	21-10-03	-	Active	NO
8	L92114DL1976PLC008355	COSMO FILMS LIMITED	Director	08-01-04	08-01-04	12-04-10	Active	NO
9	U24230GJ2005PLC045447	DINESH REMEDIES LIMITED	Additional director	21-07-05	21-07-05	19-06-10	Active	NO
10	U29119GJ1989PTC012028	FLEXICAN BELLOWS AND HOSES PRIVATE LIMITED	Director	27-10-08	27-10-08	-	Active	NO
11	U34100GJ1978PLC003127	MAHINDRA GUJARAT TRACTOR LIMITED	Director	22-07-09	15-12-08	22-04-10	Active	NO

Name :

Mr. Mahendra B. Sanghvi

Designation :

Managing Director

Address :

8, J P Nagar, Old Padra Road, Vadodara – 390015, Gujarat, India

Date of Birth/Age :

22.02.1948

Qualification :

B.Sc. (Chemical), B.S. Chemical Engineering

Date of Appointment :

09.03.1995

DIN No. :

00084162

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U93000MH1984PTC032632	IQMS ERP INDIA PRIVATE LIMITED	Director	09-03-95	09-03-95	Strike off	NO
2	U17100MH1982PTC027168	STALLION TEXTILES PRIVATE LIMITED	Director	09-03-95	09-03-95	Strike off	NO
3	U17100MH1982PTC027169	SUNIDO TEXTILES PRIVATE LIMITED	Director	09-03-95	09-03-95	Strike off	NO
4	L51900GJ1980PLC065554	SHAILY ENGINEERING PLASTICS LIMITED	Managing director	09-03-95	09-03-95	Active	NO
5	U31102GJ1999PTC036606	PANAX APPLIANCES PRIVATE LIMITED	Director	25-09-99	25-09-99	Active	NO
6	U74140GJ2000PTC038989	SHAILY IDC (INDIA) PRIVATE LIMITED	Director	28-11-00	28-11-00	Active	NO
7	L34100GJ1985PLC007958	MUNJAL AUTO INDUSTRIES LIMITED	Director	30-08-01	30-08-01	Active	NO
8	L29199GJ1981PLC028741	INTEGRA ENGINEERING INDIA LIMITED	Director	18-04-11	03-01-11	Active	NO

Name :

Mrs. Tilottama Mahendra Sanghvi

Designation :

Whole Time Director

Address :

8, J P Nagar, Old Padra Road, Vadodara – 390015, Gujarat, India

Date of Birth/Age :

28.10.1948

Date of Appointment :

09.03.1995

DIN No. :

00190481

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U93000MH1984PTC032632	IQMS ERP INDIA PRIVATE LIMITED	Director	09-03-95	09-03-95	Strike off	NO
2	U17100MH1982PTC027168	STALLION TEXTILES PRIVATE LIMITED	Director	09-03-95	09-03-95	Strike off	NO
3	U17100MH1982PTC027169	SUNIDO TEXTILES PRIVATE LIMITED	Director	09-03-95	09-03-95	Strike off	NO
4	L51900GJ1980PLC065554	SHAILY ENGINEERING PLASTICS LIMITED	Whole-time director	01-06-11	09-03-95	Active	NO
5	U74140GJ2000PTC038989	SHAILY IDC (INDIA) PRIVATE LIMITED	Director	11-02-01	11-02-01	Active	NO

Name :

Mr. Laxman Bhogilal Sanghvi

Designation :

Executive Director

Address :

8, Rokadnath Society, B/H Arundeep Complex, Gotri Road, Vadodara – 390007, Gujarat, India

Date of Birth/Age :

02.07.1956

Qualification :

Chartered Accountant, Law Graduate

Date of Appointment :

09.03.1995

DIN No. :

00022977

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U93000MH1984PTC032632	IQMS ERP INDIA PRIVATE LIMITED	Director	09-03-95	09-03-95	Strike off	NO
2	U17100MH1982PTC027168	STALLION TEXTILES PRIVATE LIMITED	Director	09-03-95	09-03-95	Strike off	NO
3	U17100MH1982PTC027169	SUNIDO TEXTILES PRIVATE LIMITED	Director	09-03-95	09-03-95	Strike off	NO
4	L51900GJ1980PLC065554	SHAILY ENGINEERING PLASTICS LIMITED	Whole-time director	01-04-07	09-03-95	Active	NO
5	U31102GJ1999PTC036606	PANAX APPLIANCES PRIVATE LIMITED	Director	21-09-99	21-09-99	Active	NO
6	U74140GJ2000PTC038989	SHAILY IDC (INDIA) PRIVATE LIMITED	Director	28-11-00	28-11-00	Active	NO
7	U15400GJ2009PTC058902	RADHE NATURALS AND SPICES PRIVATE LIMITED	Director	15-12-09	15-12-09	Under Process of Striking off	NO

Name :

Mr. Jayesh Mohanlal Shah

Designation :

Director

Address :

45, Kailash Sadan, B/H Aurora Cinema Kings Circle, Mumbai – 400019, Maharashtra, India

Date of Birth/Age :

16.09.1956

Date of Appointment :

07.12.2002

DIN No. :

00577030

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U31102GJ1999PTC036606	PANAX APPLIANCES PRIVATE LIMITED	Director	18-12-99	18-12-99	Active	NO
2	L51900GJ1980PLC065554	SHAILY ENGINEERING PLASTICS LIMITED	Director	07-12-02	07-12-02	Active	NO

Name :

Mr. Sarup Harbans Lal Chowdhary

Designation :

Director

Address :

2B, Shree Vijaya Bhavan, Altamount Road, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

03.09.1945

Date of Appointment :

27.04.2006

DIN No. :

00004439

Other Directorship:

S. No.	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
1	U51399MH2000PLC217929	INTERNET EXCHANGENEXTCOM LIMITED	Director	25-04-00	25-04-00	23-05-08	Active	NO
2	U24294MH2000PLC127026	INTERNET PETROCHEM NEXT COM LIMITED	Director	06-06-00	06-06-00	-	Active	NO
3	U72900MH2000PLC148953	INFERENCE SYSTEMS LIMITED	Director	19-03-01	19-03-01	01-04-09	Strike off	NO
4	U72900MH2001PLC131744	INTERNET PAPERNEXT COM INDIA LIMITED	Director	24-04-01	24-04-01	-	Strike off	NO
5	U72900MH2000PLC128101	RELIANCE WEBSTORE LIMITED	Director	23-07-05	23-07-05	-	Active	NO
6	U74899DL1995PTC067585	NETCOM INDIA PRIVATE LIMITED	Director	01-11-05	01-11-05	-	Strike off	NO
7	L51900GJ1980PLC065554	SHAILY ENGINEERING PLASTICS LIMITED	Director	29-05-06	29-05-06	-	Active	NO
8	U80301MH2009PTC192687	NIS SPARTA EDUCATION AND LEARNING TECHNOLOGIES PRIVATE LIMITED	Director	30-09-10	09-09-09	-	Active	NO
9	U74899MH1992PLC168789	NIS SPARTA LIMITED	Director	30-09-10	15-06-10	-	Active	NO

Name :

Mr. Aravinda Sundara Anandkumar

Designation :

Director

Address :

502, Glen Eagle Tata Colony, Parel Tank Road, Parel Mumbai – 400012, Maharashtra, India

Date of Birth/Age :

10.07.1947

Date of Appointment :

07.12.2002

DIN No. :

00058292

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U72900MH2001PTC130307	VALUE VISION CONSULTANTS PRIVATE LIMITED	Managing director	16-02-06	04-01-01	Active	YES
2	L51900GJ1980PLC065554	SHAILY ENGINEERING PLASTICS LIMITED	Director	07-12-02	07-12-02	Active	NO
3	U29309AP1988PLC008715	SUJANA CAPITAL SERVICES LIMITED	Director	30-09-06	27-02-06	Dormant	NO
4	L40109AP2006PLC049743	SUJANA TOWERS LIMITED	Director	04-10-07	28-04-07	Active	NO
5	U74140MH2008PTC180414	RECON ADVISORY PRIVATE LIMITED	Director	25-03-08	25-03-08	Active	YES
6	U74140MH2008PTC188817	V V CAPITAL ADVISORS PRIVATE LIMITED	Director	11-12-08	11-12-08	Active	YES
7	U67190MH2009PTC196777	V V EXPRESS BUSINESS SERVICES PRIVATE LIMITED	Director	30-10-09	30-10-09	Active	NO
8	U74140MH2010PTC205286	CHAKEE CAPITAL MANAGEMENT PRIVATE LIMITED	Director	06-07-10	06-07-10	Active	NO
9	U74140MH2010PTC205435	ASAK CAPITAL MANAGEMENT PRIVATE LIMITED	Director	13-07-10	13-07-10	Active	NO

Name :

Mr. Michael Baden Alfred Walter Woodhall

Designation :

Director

Address :

Whitsun Lea, Coombe Road, Shaldon Teignmouth TQ14OEX, Devon

Date of Birth/Age :

09.12.1936

Date of Appointment :

30.07.2008

DIN No. :

02260305

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	L51900GJ1980PLC065554	SHAILY ENGINEERING PLASTICS LIMITED	Director	19-09-08	30-07-08	Active	NO

Name :

Mr. William Sean Sovak

Designation :

Director

Address :

1500 Hudson ST, GF, Hohoken, US

Date of Birth/Age :

08.06.1972

Date of Appointment :

06.07.2007

DIN No. :

01161892

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U74899DL1976PTC008436	FAB INDIA OVERSEAS PRIVATE LIMITED	Director	09-02-06	09-02-06	Active	NO
2	U01541KA2004PTC034294	UNIBIC BISCUITS INDIA PRIVATE LIMITED	Director	17-09-07	09-04-07	Active	NO
3	L51900GJ1980PLC065554	SHAILY ENGINEERING PLASTICS LIMITED	Nominee director	06-07-07	06-07-07	Active	NO
4	U15532KL1998PLC012576	IMPERIAL SPIRITS LIMITED	Director	28-07-07	28-07-07	Active	NO
5	L29309PN1991PLC063045	INNOVENTIVE INDUSTRIES LIMITED	Nominee director	06-09-10	04-08-10	Active	NO
6	U74140MH2006PTC160158	LIGHTHOUSE ADVISORS (INDIA) PRIVATE LIMITED	Additional director	08-03-11	08-03-11	Active	NO
7	U74140MH1996PTC100860	CONCEPT HOSPITALITY PRIVATE LIMITED	Director	30-09-11	31-03-11	Active	NO
8	U74990MH2008PTC189076	EVERGREEN HOSPITALITY PRIVATE LIMITED	Director	30-09-11	31-03-11	Active	NO

Name :

Mr. Sachin Nandlal Bhartiya

Designation :

Additional Director w.e.f 01.11.2009

Address :

Flat No. 602, Corner Stone Building Filmcity Road, Goregaon East, Mumbai – 400063, Maharashtra, India

Date of Birth/Age :

01.03.1978

Date of Appointment :

01.11.2009

DIN No. :

02122147

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U01541KA2004PTC034294	UNIBIC BISCUITS INDIA PRIVATE LIMITED	Alternate director	01-04-08	01-04-08	Active	NO
2	U93090MH2006PTC165680	RADIANT HOSPITALITY SERVICES PRAVATE LIMITED	Nominee director	30-01-09	30-01-09	Active	NO
3	L51900GJ1980PLC065554	SHAILY ENGINEERING PLASTICS LIMITED	Nominee director	28-09-10	01-11-09	Active	NO
4	U74140MH2006PTC160158	LIGHTHOUSE ADVISORS (INDIA) PRIVATE LIMITED	Additional director	03-11-09	03-11-09	Active	NO
5	L24219DL1985PLC020126	DHANUKA AGRITECH LIMITED	Director	29-07-11	13-09-10	Active	NO
6	U99999MH1981PTC025958	BOMBAY CENTRAL HOLDINGS AND TRADING COMPANY PRIVATE LIMITED	Director	16-09-10	16-09-10	Active	NO
7	U67190MH2011PTC212008	OREO CAPITAL ADVISORS PRIVATE LIMITED	Director	08-01-11	08-01-11	Active	NO

Name :

Mr. Bharat Bhogilal Sanghvi

Designation :

Director

Address :

45, Winter Mute Bvide, Scarborough, Ontario M1w3M7, Canada

Date of Birth/Age :

08.10.1951

Date of Appointment :

07.12.2002

DIN No. :

00642427

KEY EXECUTIVES

Name :	Ms. Kruti Parekh
Designation :	Assistant Company Secretary
Address :	1287, Akashganga Society, B/H Akashwani, Makarpura Road, Vadodara – 390009, Gujarat, India
Date of Birth/Age :	09.03.1987
Date of Appointment :	19.07.2010
Pan No. :	BHZPP1200J
Audit Committee :	Mr. A.S Anandkumar Mr. Sarup Chowdhary Mr. William Sean Sovak Mr. Hasmukh Shah
Name:	Samdani Associates
Designation :	Company Secretaries

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.06.2011

Category of Shareholder	Total No. of Shares	Total Shareholding as a % of total No. of Shares
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	4,273,880	58.40
Sub Total	4,273,880	58.40
(2) Foreign
Individuals (Non-Residents Individuals / Foreign Individuals)	39,250	0.54
Sub Total	39,250	0.54
Total shareholding of Promoter and Promoter Group (A)	4,313,130	58.94
(B) Public Shareholding
(1) Institutions
(2) Non-Institutions
Bodies Corporate	191	-
Individuals
Individual shareholders holding nominal share capital up to Rs.0.100 Million	69,209	0.95
Individual shareholders holding nominal share capital in excess of Rs.0.100 Million	1,189,480	16.25
Any Others (Specify)	1,746,420	23.86
Foreign Corporate Bodies	1,746,420	23.86
Sub Total	3,005,300	41.06
Total Public shareholding (B)	3,005,300	41.06
Total (A)+(B)	7,318,430	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	-	-
(1) Promoter and Promoter Group	-	-
(2) Public	-	-
Sub Total	-	-
Total (A)+(B)+(C)	7,318,430	-

BUSINESS DETAILS

Line of Business :

Manufacturing of Plastic Molded Parts.

Products :

Item Code No.	Products Description
39269009	Injection Moulded Plastics Components

PRODUCTION STATUS (AS ON 31.03.2011)

Particulars	Unit	Actual Production
Components and Articles of Plastics	Qty.	157924492
Moulds	Qty.	19

GENERAL INFORMATION

No. of Employees :

600 (Approximately)

Bankers :

· State Bank of India – ISB Branch, Vadodara-390007, Gujarat, India  

· State Bank of India – Lead Bank, MID Corporate Group Industrial Finance Branch, Marble Arch, Race Course Circle, Vadodara-390007, Gujarat, India

· Standard Chartered Bank

· Bank of Baroda

Facilities :

Secured Loan	As on 31.03.2011 [Rs. in Millions]	As on 31.03.2010 [Rs. in Millions]
FROM BANKS
1) Term Loans:
in Rupee Currency	211.791	282.141
in Foreign Currency	22.352	33.596
2) Working Capital Loans	327.539	188.509
3) Hire Purchase Facilities	4.053	1.852
Total	565.735	506.098
Unsecured Loan
Fixed Deposit:
From Directors	6.640	6.640
From Others	8.765	4.995
Under sales tax deferment scheme	2.104	3.225
Total	17.509	14.860

NOTE:

· Term loans from banks are secured by a pari passu charge over entire fixed assets of the Company including mortgage over factory land, buildings and plants of the Company situated at

a) Plot # 706, 707 and 708 at GIDC, Halol.

b) Survey # 366,364/1, 364 /2, and 364/3 at Rania.

· These are further secured by personal guarantee of some of the directors of the company

· Working Capital Loans from banks are secured by hypothecation of all current assets of the Company, present and future, such as inventories, receivables, loans and advances, etc.

· Working capital loans are further secured by second pari passu charge over entire fixed assets of the company including factory land, building and plants of the company as stated above. These are further secured by personal guarantees of some of the directors of the company.

· Hire purchase facilities are secured by hypothecation of respective vehicles financed and are further secured by personal guarantees of some of he directors of the company.

Banking Relations :	--
Auditors :
Name :	Deloitte Haskins and Sells Chartered Accountants
Address :	31, Nutan Bharat Society, Alkapuri, Vodadora – 390007, Gujarat, India
Tel. No.:	91-265-2333776
Fax No.:	91-265-2339729
Pan No. :	AADFD2337G
Internal Auditors :
Name :	Shah Jain and Hindocha Chartered Accountants
Relative of key management personnel and enterprises over which key management personnel and their relatives are able to exercise significant influence are as follow:	v Panax Appliances Private Limited v Shaily-IDC India Private Limited v SunidoTextilesLimited v StallionTextilesLimited v IQMS ERP (India) Private Limited v Innovative Polyplast Private Limited

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
16000000	Equity Shares	Rs.10/- each	Rs.160.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
7318430	Equity Shares	Rs.10/- each	Rs.73.184 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital	73.184	73.184	73.184
2] Share Application Money	0.000	0.000	0.000
3] Reserves & Surplus	196.877	158.706	137.542
4] (Accumulated Losses)	0.000	0.000	0.000
NETWORTH	270.061	231.890	210.726
LOAN FUNDS