MIRA INFORM REPORT

Report Date :

19.11.2011

IDENTIFICATION DETAILS

Name :	SRI KANNAPIRAN MILLS LIMITED
Registered Office :	Post Bag No 1, Sowripalayam, Coimbatore-641028, Tamilnadu
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	02.07.1946
Com. Reg. No.:	000188
Capital Investment / Paid-up Capital :	Rs.36.830 Millions
CIN No.: [Company Identification No.]	L17111TZ1946PLC000188
TAN No.: [Tax Deduction & Collection Account No.]	CMBS04512E
Legal Form :	A Public Limited Liability Company. Company’s shares are listed on the Stock Exchange.
Line of Business :	Manufacturer of Cotton Yarns.
No. of Employees :	Not Available.

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 1427528
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track. Profitability of the company is under pressure. However, trade relations are reported as fair. Business is active. Payments are reported to be slow. 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.

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 :	Post Bag No 1, Sowripalayam, Coimbatore-641028, Tamilnadu, India
Tel. No.:	91-422-3019111
Fax No.:	91-422-3019110
E-Mail :	gkk@kannapiran.co.in yarn@kannapiran.co.in info@kannapiran.co.in

DIRECTORS

AS ON 22.09.2010

Name :	Mr. Govindaswamy Baalakrishnan
Designation :	Director
Address :	188 Race Course, Coimbatore-641018, Tamilnadu, India
Date of Birth/Age :	06.03.1940
Date of Appointment :	07.08.1971

Directorship in Other Companies :

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	L17111TZ1946PLC000188	SRI KANNAPIRAN MILLS LIMITED	Managing director	15/09/2010	07/08/1971	-	Active	NO
2	U17111TZ1946PLC000083	THE KADRI MILLS (CBE) LIMITED	Director	25/10/1975	25/10/1975	28/09/2007	Active	NO
3	U18101KA1979PTC003597	SRIDEVI TEXTILE PRIVATE LIMITED	Director	12/08/1987	12/08/1987	-	Active	NO
4	U17115TZ1989PLC002384	SRI BALAMURUGAN TEXTILE PROCESSING LIMITED	Director	02/08/1994	02/08/1994	-	Active	NO
5	U67120TZ1994PTC005327	K G B SECURITIES AND INVESTMENTS PRIVATE LIMITED	Director	05/09/1994	05/09/1994	-	Active	NO
6	U18101TZ1999PLC008956	TRIGGER APPARELS LIMITED	Director	30/07/1999	30/07/1999	-	Active	NO
7	L17115TZ1992PLC003798	K G DENIM LIMITED	Managing director	03/11/2008	03/11/2003	-	Active	NO
8	U65999TZ1994PLC005630	KG FABRIKS LIMITED	Director	23/03/2005	23/03/2005	-	Active	NO
9	U40101TZ2006PLC012972	ANANDHI POWER LIMITED	Director	31/07/2006	31/07/2006	-	Active	NO
10	U74999TZ2007PLC014039	TRIGGER MARKETING LIMITED	Director	22/11/2007	22/11/2007	-	Active	NO

Name :	Dr Bakthavathsalam Govindasamy Naidu
Designation :	Director
Address :	190 Race Course, Coimbatore-641018, Tamilnadu, India
Date of Birth/Age :	06.07.1942
Date of Appointment :	27.12.1991

Directorship in Other Companies :

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	U92199TZ1979PTC000860	K G ART CENTRE PRIVATE LIMITED	Director	28/07/1980	28/07/1980	14/11/2007	Active	NO
2	U17111TZ1946PLC000083	THE KADRI MILLS (CBE) LIMITED	Director	18/10/1984	18/10/1984	-	Active	NO
3	U18101KA1979PTC003597	SRIDEVI TEXTILE PRIVATE LIMITED	Director	12/08/1987	12/08/1987	-	Active	NO
4	L17111TZ1946PLC000188	SRI KANNAPIRAN MILLS LIMITED	Managing director	15/09/2010	27/12/1991	-	Active	NO
5	U85110TZ1995PLC006402	K G HEALTHCARE LIMITED	Director	03/08/1995	03/08/1995	-	Active	NO
6	U85110TZ1999PTC009036	DR G B HEALTHCARE PRIVATE LIMITED	Director	28/03/2008	15/10/1999	-	Active	NO
7	U33112TZ1999PTC008947	K G SURGICALS PRIVATE LIMITED	Director	29/07/2000	29/07/2000	-	Active	NO

Name :	Mr. Doraiswamy Balasundaram
Designation :	Director
Address :	195 Race Course, Coimbatore-641018, Tamilnadu, India
Date of Birth/Age :	12.01.1946
Date of Appointment :	16.12.1985

Directorship in Other Companies :

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	U29120TZ1946PTC000030	C P C PRIVATE LIMITED	Managing director	01/02/2011	07/02/1980	-	Active	NO
2	U92199TZ1979PTC000860	K G ART CENTRE PRIVATE LIMITED	Director	28/07/1980	28/07/1980	-	Active	NO
3	L17111TZ1946PLC000188	SRI KANNAPIRAN MILLS LIMITED	Director	16/12/1985	16/12/1985	-	Active	NO
4	U18101KA1979PTC003597	SRIDEVI TEXTILE PRIVATE LIMITED	Director	01/02/1990	01/02/1990	-	Active	NO
5	U67120TZ1994PLC005329	SUXXUS DBS SECURITIES LIMITED	Director	05/09/1994	05/09/1994	-	Active	NO
6	U67120TZ1995PLC005737	COIMBATORE CAPITAL LIMITED	Whole-time director	01/02/2008	01/02/2001	-	Active	NO
7	U51909TZ2003PLC010725	COIMBATORE COMMODITIES LIMITED	Director	25/08/2003	25/08/2003	-	Active	NO
8	U72100TZ1989PLC002385	COIMBATORE INSURANCE AND INVESTMENT CONSULTANTS LIMITED	Director	19/03/2004	19/03/2004	-	Active	NO
9	U67190MH1996GAP101555	ASSOCIATION OF NATIONAL EXCHANGES MEMBERS OF INDIA	Director	09/04/2005	09/04/2005	27/03/2007	Active	NO
10	U37102TZ1998GAP008524	TAMILNADU ELECTRICITY CONSUMERS ASSOCIATION	Director	11/09/2009	11/09/2009	-	Active	NO

Name :	Mr. Govindaswamy Naidu Ramaswamy
Designation :	Director
Address :	137 New No 193 Racecouse, Coimbatore-641018, Tamilnadu, India
Date of Birth/Age :	09.01.1949
Date of Appointment :	07.08.1971

Directorship in Other Companies :

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	L17111TZ1946PLC000188	SRI KANNAPIRAN MILLS LIMITED	Director	07/08/1971	07/08/1971	-	Active	NO
2	U17111TZ1946PLC000083	THE KADRI MILLS (CBE) LIMITED	Managing director	18/04/1983	18/04/1983	-	Active	NO
3	U65993TZ1987PTC001921	SRI VINAYAKAMURTHY INVESTMENT PRIVATE LIMITED	Director	03/03/1987	03/03/1987	-	Active	NO
4	U65993TZ1987PTC001940	GRV INVESTMENT PRIVATE LIMITED	Director	25/03/1987	25/03/1987	-	Active	NO
5	U65993TZ1987PTC001938	SRI MANNESWARASWAMY INVESTMENT PRIVATE LIMITED	Director	25/03/1987	25/03/1987	-	Active	NO
6	U18101KA1979PTC003597	SRIDEVI TEXTILE PRIVATE LIMITED	Director	12/08/1987	12/08/1987	-	Active	NO
7	U17115TZ1992PLC003799	SHARADHA TERRY PRODUCTS LIMITED	Director	30/09/1993	30/09/1993	-	Active	NO
8	U17115TZ1989PLC002501	K G TEX LIMITED	Director	27/01/1999	27/01/1999	-	Active	NO
9	U29265TZ1989PTC002502	K G NON WOVENS PRIVATE LIMITED	Director	19/06/2002	19/06/2002	-	Active	NO
10	U17111TZ2002PLC010319	K G S SPINCOT LIMITED	Director	12/09/2002	12/09/2002	-	Active	NO
11	U17111TZ2002PLC010397	GOVINDH MURUGAN ENTERPRISES LIMITED	Director	12/12/2002	12/12/2002	-	Active	NO
12	U17111TZ2004PLC011485	SHANKARSHANA TEXTILE LIMITED	Director	15/12/2004	15/12/2004	-	Active	NO
13	U70101TZ2005PTC012380	SIRUVANI PROPERTIES PRIVATE LIMITED	Managing director	09/12/2005	09/12/2005	-	Active	NO
14	U70101TZ2005PTC012379	SIRUVANI LAND DEVELOPERS PRIVATE LIMITED	Managing director	09/12/2005	09/12/2005	-	Active	NO
15	U45201TZ2005PTC012378	SIRUVANI IT PARK PRIVATE LIMITED	Managing director	09/12/2005	09/12/2005	-	Active	NO
16	U72200TZ2005PTC012377	SIRUVANI INFOTECH PRIVATE LIMITED	Managing director	09/12/2005	09/12/2005	30/06/2009	Active	NO
17	U70101TZ2005PTC012438	NOYYAL GOLF RESORTS PRIVATE LIMITED	Director	29/12/2005	29/12/2005	-	Active	NO
18	U70101TZ2005PTC012440	NOYYAL INDUSTRIAL PARK PRIVATE LIMITED	Director	29/12/2005	29/12/2005	-	Active	NO
19	U65993TZ2006PTC013182	SRI KUMARAGURU HOLDINGS PRIVATE LIMITED	Director	27/10/2006	27/10/2006	-	Active	NO
20	U65993TZ2006PTC013180	HERAMBA HOLDINGS PRIVATE LIMITED	Director	27/10/2006	27/10/2006	-	Active	NO
21	U65993TZ2006PTC013181	SRI MUKA HOLDINGS PRIVATE LIMITED	Director	27/10/2006	27/10/2006	-	Active	NO
22	U17111TZ2007PTC013392	MICRO COTTON INDIA PRIVATE LIMITED	Director	25/01/2007	25/01/2007	-	Active	NO
23	U70101TZ2007PTC013489	VADIVELAN HOLDINGS PRIVATE LIMITED	Director	02/03/2007	02/03/2007	-	Active	NO
24	U70101TZ2007PTC013488	KADIRAVAN HOLDINGS PRIVATE LIMITED	Director	02/03/2007	02/03/2007	-	Active	NO
25	U70102TZ2007PTC013533	SHANMUGHAVADIVEL HOLDINGS PRIVATE LIMITED	Director	16/03/2007	16/03/2007	-	Active	NO
26	U70102TZ2007PTC013544	SARAVANA HOLDINGS PRIVATE LIMITED	Director	19/03/2007	19/03/2007	-	Active	NO
27	U70102TZ2007PTC013555	SRI AVANISH HOLDINGS PRIVATE LIMITED	Director	23/03/2007	23/03/2007	-	Active	NO
28	U70101TZ2007PTC013566	JAISHNAV HOLDINGS PRIVATE LIMITED	Director	23/03/2007	23/03/2007	-	Active	NO
29	U70101TZ2007PTC013565	JAGNESH HOLDINGS PRIVATE LIMITED	Director	23/03/2007	23/03/2007	-	Active	NO
30	U70102TZ2007PTC013556	NIRUPAM HOLDINGS PRIVATE LIMITED	Director	23/03/2007	23/03/2007	-	Active	NO
31	U70101TZ2007PTC013564	BLUE MOUNTAIN TOWNSHIP PRIVATE LIMITED	Director	23/03/2007	23/03/2007	24/03/2007	Active	NO
32	U70101TZ2007PTC013568	SUSHANSA HOLDINGS PRIVATE LIMITED	Director	26/03/2007	26/03/2007	-	Active	NO
33	U70101TZ2007PTC013569	JANUSHRUT HOLDINGS PRIVATE LIMITED	Director	26/03/2007	26/03/2007	-	Active	NO
34	U70101TZ2007PTC013571	HARIVATSA HOLDINGS PRIVATE LIMITED	Director	26/03/2007	26/03/2007	-	Active	NO
35	U70101TZ2007PTC013567	AMARESH HOLDINGS PRIVATE LIMITED	Director	26/03/2007	26/03/2007	27/03/2007	Active	NO
36	U70101TZ2007PTC013570	SHRAVOJIT HOLDINGS PRIVATE LIMITED	Director	26/03/2007	26/03/2007	30/06/2009	Active	NO
37	U70101TZ2007PTC013605	SRI MANIVANNAN HOLDINGS PRIVATE LIMITED	Director	04/04/2007	04/04/2007	05/04/2007	Active	NO
38	U65993TZ2007PTC013739	PALANI MURUGAN HOLDINGS PRIVATE LIMITED	Director	25/05/2007	25/05/2007	-	Active	NO
39	U45200TZ2007PTC013755	SHANMUGHA JOTHI HOLDINGS PRIVATE LIMITED	Director	01/06/2007	01/06/2007	-	Active	NO
40	U70200TZ2007PTC013752	SHREE KUGAN HOLDINGS PRIVATE LIMITED	Director	01/06/2007	01/06/2007	-	Active	NO
41	U70200TZ2007PTC013756	SRI MUGUNTHAN HOLDINGS PRIVATE LIMITED	Director	01/06/2007	01/06/2007	-	Active	NO
42	U70200TZ2007PTC013753	VISAGA HOLDINGS PRIVATE LIMITED	Director	01/06/2007	01/06/2007	-	Active	NO
43	U55101TZ2007PTC013838	M AND C RAKINDO HOSPITALITY PRIVATE LIMITED	Director	29/06/2007	29/06/2007	10/08/2007	Active	NO
44	U40108TZ2010PTC015944	SEYON WIND ENERGY PRIVATE LIMITED	Director	29/03/2010	29/03/2010	-	Active	NO

Name :	Mr. Balakrishnan Sriramulu
Designation :	Director
Address :	188 Race Course, Coimbatore-641018, Tamilnadu, India
Date of Birth/Age :	27.04.1967
Date of Appointment :	31.01.2004

Directorship in Other Companies :

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	U17121TZ1982PTC001220	K G TEXTILE PROCESSORS PRIVATE LIMITED	Director	19/12/1987	19/12/1987	-	Active	NO
2	U02102TZ1984PTC001432	SERVALAKSHMI PAPER AND BOARDS PRIVATE LIMITED	Director	01/08/1994	01/08/1994	-	Active	NO
3	U67120TZ1994PTC005327	K G B SECURITIES AND INVESTMENTS PRIVATE LIMITED	Director	05/09/1994	05/09/1994	-	Active	NO
4	U65999TZ1994PLC005630	KG FABRIKS LIMITED	Managing director	03/11/2008	23/12/1994	-	Active	NO
5	U64201TZ1995PLC005697	ENTERPRISE TELESYS LIMITED	Director	17/01/1995	17/01/1995	-	Active	NO
6	U65993TZ1995PTC006051	GANAPATHYKUMARAN INVESTMENTS PRIVATE LIMITED	Director	19/04/1995	19/04/1995	-	Active	NO
7	U67120TZ1995PTC005959	KUMARANGANAPATHY INVESTMENTS PRIVATE LIMITED	Director	25/09/1996	25/09/1996	-	Active	NO
8	U52110TZ1989PTC002498	SERVALL ENGINEERING WORKS PRIVATE LIMITED	Director	11/05/1999	11/05/1999	-	Active	NO
9	U72200TZ2000PTC009135	TEXWORLD.COM PRIVATE LIMITED	Director	07/01/2000	07/01/2000	-	Active	YES
10	U21012TZ1980PTC000899	DANALAKSHMI PAPER MILLS PRIVATE LIMITED	Director	10/06/2000	10/06/2000	-	Active	NO
11	L17115TZ1992PLC003798	K G DENIM LIMITED	Managing director	03/11/2008	03/11/2003	-	Active	NO
12	L17111TZ1946PLC000188	SRI KANNAPIRAN MILLS LIMITED	Director	31/01/2004	31/01/2004	-	Active	NO
13	U40101TZ2006PLC012972	ANANDHI POWER LIMITED	Director	31/07/2006	31/07/2006	-	Active	NO
14	L21012TZ2005PLC012260	SERVALAKSHMI PAPER LIMITED	Director	29/09/2007	12/02/2007	-	Active	NO

Name :	Mr. Balakrishnan Srihari
Designation :	Director
Address :	188 Race Course, Coimbatore-641018, Tamilnadu, India
Date of Birth/Age :	06.09.1968
Date of Appointment :	31.01.2004

Directorship in Other Companies :

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	U17121TZ1982PTC001220	K G TEXTILE PROCESSORS PRIVATE LIMITED	Director	29/09/1989	29/09/1989	-	Active	NO
2	U67120TZ1994PTC005327	K G B SECURITIES AND INVESTMENTS PRIVATE LIMITED	Director	05/09/1994	05/09/1994	-	Active	NO
3	U64201TZ1995PLC005697	ENTERPRISE TELESYS LIMITED	Director	17/01/1995	17/01/1995	-	Active	NO
4	U67120TZ1995PTC005959	KUMARANGANAPATHY INVESTMENTS PRIVATE LIMITED	Director	27/03/1995	27/03/1995	-	Active	NO
5	U65993TZ1995PTC006051	GANAPATHYKUMARAN INVESTMENTS PRIVATE LIMITED	Director	25/09/1996	25/09/1996	-	Active	NO
6	U65999TZ1994PLC005630	KG FABRIKS LIMITED	Managing director	29/09/2010	26/09/1998	-	Active	NO
7	L17115TZ1992PLC003798	K G DENIM LIMITED	Managing director	03/11/2008	03/11/2003	-	Active	NO
8	L17111TZ1946PLC000188	SRI KANNAPIRAN MILLS LIMITED	Director	31/01/2004	31/01/2004	-	Active	NO
9	U40101TZ2006PLC012972	ANANDHI POWER LIMITED	Director	31/07/2006	31/07/2006	-	Active	NO
10	U40108TZ2009PTC014992	RND WIND ENERGY PRIVATE LIMITED	Director	22/01/2009	22/01/2009	-	Under Process of Striking off	NO
11	U40100TZ2006PTC013130	LEAP GREEN ENERGY PRIVATE LIMITED	Director	22/06/2009	10/03/2009	-	Active	NO

Name :	Mr. Kodumudi Narayanaswami Venkata Ramani
Designation :	Director
Address :	154 Kalidas Road, Ramnagar, Coimbatore-641009, Tamilnadu, India
Date of Birth/Age :	05.10.1931
Date of Appointment :	28.03.1995

Directorship in Other Companies :

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	L17111TZ1946PLC000188	SRI KANNAPIRAN MILLS LIMITED	Director	28/03/1995	28/03/1995	-	Active	NO
2	L15435KA1970PLC001974	SRI CHAMUNDESWARI SUGARS LIMITED	Director	14/02/1997	14/02/1997	-	Active	NO
3	L17115TZ1992PLC003798	K G DENIM LIMITED	Director	31/10/2003	31/10/2003	-	Active	NO
4	L17111TZ1989PLC002476	BANNARI AMMAN SPINNING MILLS LIMITED	Director	25/07/2005	25/07/2005	-	Active	NO
5	U85320KL1954NPL001125	SREE SANKARA COLLEGE ASSOCIATION	Director	09/09/2005	09/09/2005	-	Active	NO
6	L27310TZ2006PLC012830	LGB FORGE LIMITED	Director	30/04/2008	29/01/2008	-	Active	NO
7	L65921TZ1980PLC000945	SHIVA TEXYARN LIMITED	Director	29/09/2008	26/05/2008	-	Active	NO
8	L17111TZ2003PLC010518	K.P.R. MILL LIMITED	Director	19/08/2008	27/06/2008	-	Active	NO
9	L85110TZ1985PLC001659	KOVAI MEDICAL CENTER AND HOSPITAL LIMITED	Director	29/08/2008	29/08/2008	25/07/2009	Active	NO
10	U67190TN2010PTC076346	Srinidhi Investment Advisors Private Limited	Additional director	07/01/2011	07/01/2011	-	Active	NO

Name :	Mr. Garudapuram Veeraraghavan Sri Krishna Desikan
Designation :	Director
Address :	79 AK Nagar, Saibaba Mission Post, Coimbatore-641011, Tamlnadu, India
Date of Birth/Age :	09.10.1932
Date of Appointment :	04.09.1979

Directorship in Other Companies :

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	L17111TZ1946PLC000188	SRI KANNAPIRAN MILLS LIMITED	Director	04/09/1971	04/09/1971	-	Active	NO
2	U17121TZ1982PTC001220	K G TEXTILE PROCESSORS PRIVATE LIMITED	Director	01/10/1985	01/10/1985	-	Active	NO
3	L17111TZ1994PLC004797	SALONA COTSPIN LIMITED	Director	23/02/1995	23/02/1995	-	Active	NO
4	U72200TZ1999PTC008982	TERRAVAULT NETWORKS PRIVATE LIMITED	Director	27/09/2000	27/09/2000	-	Active	NO
5	L17115TZ1992PLC003798	K G DENIM LIMITED	Director	31/10/2003	31/10/2003	-	Active	NO
6	U18101TZ1999PLC008956	TRIGGER APPARELS LIMITED	Director	27/10/2005	27/10/2005	-	Active	NO
7	U17115TZ1989PLC002384	SRI BALAMURUGAN TEXTILE PROCESSING LIMITED	Director	30/09/2006	05/05/2006	-	Active	NO
8	U72100TN2009PTC070469	EXIMER COMMUNICATIONS PRIVATE LIMITED	Director	15/01/2009	15/01/2009	-	Active	NO

Name :	Mr. Ramaswamy Govindarajulu
Designation :	Director
Address :	33 Krishnaswamy Nagar, Coimbatore-641045, Tamilnadu, India
Date of Birth/Age :	02.08.1947
Date of Appointment :	26.02.2003

Directorship in Other Companies :

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	L17111TZ1946PLC000188	SRI KANNAPIRAN MILLS LIMITED	Director	26/02/2003	26/02/2003	-	Active	NO

Name :	Mr. Ayyalusamy Velusamy
Designation :	Director
Address :	46A II, Layout, Krishnaswamy Nagar, Coimbatore-641045, Tamilnadu, India
Date of Birth/Age :	11.05.1956
Date of Appointment :	26.121996

Directorship in Other Companies :

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	U17115TZ1989PLC002384	SRI BALAMURUGAN TEXTILE PROCESSING LIMITED	Director	06/10/1990	06/10/1990	-	Active	NO
2	U67120TZ1994PTC005327	K G B SECURITIES AND INVESTMENTS PRIVATE LIMITED	Director	05/09/1994	05/09/1994	-	Active	NO
3	L17111TZ1946PLC000188	SRI KANNAPIRAN MILLS LIMITED	Director	26/12/1996	26/12/1996	-	Active	NO
4	U65999TZ1994PLC005630	KG FABRIKS LIMITED	Director	14/03/1998	14/03/1998	-	Active	NO
5	L17115TZ1992PLC003798	K G DENIM LIMITED	Whole-time director	01/04/2010	27/01/2005	-	Active	NO
6	U18101TZ1999PLC008956	TRIGGER APPARELS LIMITED	Director	27/10/2005	27/10/2005	-	Active	NO
7	U40101TZ2006PLC012972	ANANDHI POWER LIMITED	Director	31/07/2006	31/07/2006	-	Active	NO
8	U74999TZ2007PLC014039	TRIGGER MARKETING LIMITED	Director	22/11/2007	22/11/2007	-	Active	NO
9	U72100TN2009PTC070469	EXIMER COMMUNICATIONS PRIVATE LIMITED	Director	30/09/2011	14/02/2011	-	Active	NO

Name :	Mr. Ramaiyer Mahadevan
Designation :	Director
Address :	No 101/102 Kaleswara Nagar, Coimbatore-641009, Tamilnadu, India
Date of Birth/Age :	14.06.1960
Date of Appointment :	26.12.2005

Directorship in Other Companies :

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	U72200TZ1999PTC008982	TERRAVAULT NETWORKS PRIVATE LIMITED	Director	01/08/2004	01/08/2004	-	Active	NO
2	L17111TZ1946PLC000188	SRI KANNAPIRAN MILLS LIMITED	Director	28/09/2006	26/12/2005	-	Active	NO
3	U72100TN2009PTC070469	EXIMER COMMUNICATIONS PRIVATE LIMITED	Director	30/09/2010	13/05/2010	-	Active	NO

Name :	Mr. Vairavan Arunachalam
Designation :	Director
Address :	No. 3 Ganpathylayout, Coimbatore-641038, Tamilnadu, India
Date of Birth/Age :	22.05.1962
Date of Appointment :	26.12.2005

Directorship in Other Companies :

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	U67120TZ2000GAP009255	CSX SECURITIES LIMITED	Director	21/03/2000	21/03/2000	23/01/2006	Active	YES
2	L17111TZ1946PLC000188	SRI KANNAPIRAN MILLS LIMITED	Director	28/09/2006	26/12/2005	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 22.09.2010

Category	Percentage
Bodies corporate	14.00
Directors or relatives of Directors	72.00
Other top fifty shareholders	10.00
Others	4.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Cotton Yarns and Polyester YArns

Products :

Item Code No. (ITC Code)	Product Description
520511.01 to 520545.02	Cotton Yarn
540220.01	Polyester Yarn

PRODUCTION STATUS AS ON 31.03.2010

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Spindles And Rotors	--	NA	52552	--
Finished Goods Yarn	Kgs	--	--	21797923
Fabric	Kgs	--	--	24494
Waste Cotton	Kgs	--	--	3623954

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Indian Bank, Coimbatore (Main), 31 Variety Hall Road, Coimbatore-941001, Tamilnadu, India

· The South Indian Bank Limited, CKN Building, 100 Feet Road, Gandhipuram, Coimbatore-641012, Tamilnadu, India

Facilities :

SECURED LOAN	Rs. In Millions 31.03.2010	Rs. In Millions 31.03.2009
Long Term Loans
Indian Bank	294.916	28.250
Interest accured and due	2.665	2.452
State Bank of Travancore	98.655	102.242
Interest accured and due	0.886	0.883
The South Indian Bank	49.852	44.019
Interest accured and due	0.077	0.000
State Bank of India	29.006	29.020
Interest accured and due	0.265	0.427
Import LC for Capital Goods	0.000	26.054
Vehicle Loan – Finance Companies	1.371	2.089
Short Term Loans
From Banks
Cash Credit, Packing Credit etc	175.368	125.622
Foreign Currency Loans (FCNRB)	0.000	70.785
TOTAL	653.061	431.843
UNSECURED LOAN	Rs. In Millions 31.03.2010	Rs. In Millions 31.03.2009
Fixed Deposits From Director	0.700	0.000
Trade Deposits From Customers	0.837	0.597
TOTAL	1.537	0.597

Banking Relations :	--
Auditors :
Name :	M J Vijayaraghavan Chartered Accountant
Address :	6 D B Road, R S Puram, Coimbatore-641002, Tamilnadu, India
Associates :	· K G Denim Limited · KG Fabriks Limited
Subsidiaries :	Sri Balamurugan Textile Processing Limited, India

CAPITAL STRUCTURE

AS ON 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
6000000	Equity Shares	Rs.10/- each	Rs.60.000 Millions
300000	Preference Shares	Rs.100/- each	Rs.30.000 Millions

Issued:

No. of Shares	Type	Value	Amount
3709575	Equity Shares	Rs.10/- each	Rs.37.096 Millions

Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
3682880	Equity Shares	Rs.10/- each	Rs.36.829 Millions
	Forfeited shares		Rs.0.001 Million
	Total		Rs.36.830 Millions

Of the above 1999575 Equity Shares of Rs.10/- each have been issued as fully paid up bonus shares by way of capitalization of reserves.

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		36.830	36.830	36.830
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		320.052	315.242	384.647
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		356.882	352.072	421.477
LOAN FUNDS
1] Secured Loans		635.061	681.843	671.458
2] Unsecured Loans		1.537	0.597	0.777
TOTAL BORROWING		636.598	682.440	672.235
DEFERRED TAX LIABILITIES		57.306	63.611	90.138
TOTAL		1068.786	1098.123	1183.850
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		711.436	757.758	802.993
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		75.761	75.761	53.376
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	269.294	205.897	206.040
	Sundry Debtors	235.551	279.046	284.996
	Cash & Bank Balances	25.826	30.550	26.890
	Other Current Assets	31.683	30.334	35.943
	Loans & Advances	84.475	76.915	61.443
Total Current Assets		646.829	622.742	615.312
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	308.307	311.913	243.238
	Other Current Liabilities	41.402	32.767	35.668
	Provisions	15.531	13.458	8.925
Total Current Liabilities		365.240	358.138	287.831
Net Current Assets		281.589	264.604	327.481
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		1068.789	1098.123	1183.850

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	1451.323	1494.864	1633.595
		Other Income	35.839	16.243	10.687
		TOTAL (A)	1487.162	1511.107	1644.282
Less	EXPENSES
		Raw Materials consumed	783.843	870.467	891.904
		Yarn Purchases	22.392	34.189	49.981
		Stores Consumed	19.745	21.023	28.352
		Power and Fuel	163.211	193.029	210.830
		Personnel cost	152.027	149.167	141.973
		Repairs and maintenance	69.417	64.144	75.693
		Processing charges	31.523	32.850	37.574
		Other operating expenses	57.421	65.698	66.538
		Increase/ (Decrease) in Stocks	30.392	(5.086)	(15.456)
		TOTAL (B)	1329.971	1425.481	1487.388
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		157.191	85.626	156.894
Less	FINANCIAL EXPENSES (D)		93.086	83.537	72.050
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		64.105	2.089	84.844
Less/ Add	DEPRECIATION/ AMORTISATION (F)		58.770	97.025	95.150
Less	Deferred Revenue Expenditure Written off		0.000	0.000	(1.795)
	PROFIT BEFORE TAX (E-F) (G)		5.335	(94.936)	(12.101)
Less	TAX (I)		0.525	25.531	2.441
	PROFIT AFTER TAX (G-I) (J)		4.810	(69.405)	(9.660)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(67.199)	2.206	11.866
	BALANCE CARRIED TO THE B/S		(62.389)	(67.199)	2.206
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	135.059	83.150	109.156
		Other Earnings	3.567	0.118	3.007
	TOTAL EARNINGS		138.626	83.268	112.163
	IMPORTS
		Raw Materials	0.000	103.517	57.762
		Stores & Spares	12.750	14.851	15.459
		Capital Goods	0.000	24.201	13.470
	TOTAL IMPORTS		12.750	142.569	86.691
	Earnings Per Share (Rs.)		1.08	(18.84)	(2.61)

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	0.32	(4.59)	(0.58)
Net Profit Margin (PBT/Sales)	(%)	0.36	(6.35)	(0.74)
Return on Total Assets (PBT/Total Assets}	(%)	0.39	(6.87)	(0.85)
Return on Investment (ROI) (PBT/Networth)		0.01	(0.26)	(0.02)
Debt Equity Ratio (Total Liability/Networth)		2.80	2.95	2.27
Current Ratio (Current Asset/Current Liability)		1.77	1.73	2.13

LOCAL AGENCY FURTHER INFORMATION

Performance Review, Management Discussion And Analysis and Outlook for the current year

The yarn production for the year was 218 lakhs kgs compared to previous year of 225 lakhs kgs. Severe power cut and lower utilization of open end spinning capacity had lead to lower production. Cotton prices were started to increase during the last quarter of current year in view of higher export and increased domestic demand of cotton. Yarn prices were started to increase during the last quarter of the current year due to better yarn demand. Increase in yarn realisation percentage and savings in power consumption & other operating expenses helped the

Company to improve the Gross profit to Rs. 157.200 millions compared to previous year of Rs.85.600 millions. Thus the Company had earned Net profit of Rs 5.300 millions compared to last year Net loss of Rs.94.900 millions.

Industry Structure And Developments

Indian textile industry contributes to about 14% to industrial production, 4% to the Gross Domestic Product (GDP),

and 17% to country’s export earnings. It provides direct employment to over 35 million people in India. Hence growth and all round development of textile industry has a direct bearing on the improvement of the nation. India is the third largest producer of cotton accounting for 25% of total global production and the cultivated areas in the country is over 9 million hectares. In view of good monsoon, higher support price fixed by government, cotton sowing acreage was increased compared to previous year. The expected cotton production for 2009-10 is 29.500 millions bales. The Government of India had increased minimum support price by 40% during 2008-09. Govt. agencies viz., Cotton Corporation of India, and NAFED is procuring more than 30% of bales directly from farmers. The export of cotton will be around 7.500 millions bales in view of good demand and better price in international market.

Due to exports of 7.500 millions cotton bales from India in 2009-10, increased domestic demand and also to due to high minimum support price fixed, the cotton prices went up to Rs.84 per kg in Mar’10 compared to season starting price of 68 per Kg during 2009-10.

Yarn demand was increased during the year in view of better textile exports, increase in domestic market demand

and severe power cut in most part of the countries which resulted in lower yarn availability in India. Hence textile industry in India has started to improve from the last quarter of current year and become profitable compared to previous year. Banks had restructured term loans of the textile Companies on case to case basis by giving moratorium of two years.

The textile industry has suggested various measures to improve the performance of textile mills in India to Government of India for stabilizing cotton prices, continuous power and reduction of interest rate and immediate release of interest subsidy.

The company is able to move its products in view of varied product mix viz., Compact yarn, Slub yarn, Multi count

yarn and denim yarn. The Company had already well established own depots, dealer net work at various places in India to meet the end user’s requirements immediately.

Fixed Assets:

· Land

· Building

· Machinery

· Elec. Machinery

· Office Furniture

· Motor Vehicles

Intangible Assets

· Software

Form 8

This form is for	Creation of charge
Charge identification number of the modified	--
Corporate identity number of the company	L17111TZ1946PLC000188
Name of the company	Sri Kannapiran Mills Limited
Address of the registered office or of the principal place of business in India of the company	Post Bag No 1, Sowripalayam, Coimbatore-641028, Tamil Nadu, India
Type of charge	Book Debts Movable Property
Particular of charge holder	Indian Bank, Coimbatore (Main), 31 Variety Hall Road, Coimbatore-641001, Tamilnadu, India
Nature of description of the instrument creating or modifying the charge	Agreement of Hypothecation of Movables
Date of instrument Creating the charge	26.09.2011
Amount secured by the charge	Rs.30.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest BASE RATE+2.75%+0.50%=14% Terms of Repayment 4 Months Margin 15% Extent and Operation of the charge Pari Passu First Charge on The Current Assets And Pari Passu Second Charge On The Fixed Assets Of The Company Others NIL
Short particulars of the property charged	Pari Passu First Charge On The Current Assets And Pari Passu Second Charge On The Fixed Assets Of The Company At Sowripalayam, Jadayampalayam, Kempanaickenpalayam And Onapalayam

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.51.35
UK Pound	1	Rs.80.97
Euro	1	Rs.69.26

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	YES
--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.