1. Summary Information

		Country	India
Company Name	UNIFLOK INTERNATIONAL LIMITED	Principal Name 1	Mr. Ashok Sharma
Status	Moderate	Principal Name 2	Ms. Rohini Sharma
		Registration #	55-058411
Street Address	W2 1282, Nangal Raya, New Delhi – 110046, Delhi
Established Date	13.04.1994	SIC Code	--
Telephone#	NA	Business Style 1	Manufacturer
Fax #	NA	Business Style 2	exporter
Homepage	www.uniflock.com	Product Name 1	Flock and Flocked fabrics
# of employees	25(Approximately)	Product Name 2	--
Paid up capital	Rs.14,968,000/-	Product Name 3	--
Shareholders	Directors or relatives of Directors (70.00%) Other top fifty shareholders (30.00%)	Banking	Indian Overseas Bank
Public Limited Corp.	No	Business Period	17
IPO	No	International Ins.	-
Public Enterprise	No	Rating	B(30)
Related Company
Relation	Country	Company Name	CEO
Associates	India	Shree Narayan and Company	-
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2008		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	18,579,000	Current Liabilities	17,076,000
Inventories	1,112,000	Long-term Liabilities	6,31,000
Fixed Assets	12,027,000	Other Liabilities	20,000
Deferred Assets	000	Total Liabilities	17,727,000
Invest& other Assets	2,107,000	Retained Earnings	1,130,000
		Net Worth	16,098,000
Total Assets	33,825,000	Total Liab. & Equity	33,825,000
Total Assets (Previous Year)	43,401,000
P/L Statement as of	31.03.2008		(Unit: Indian Rs.)
Sales	11537000	Net Profit	7050000
Sales(Previous yr)	8203000	Net Profit(Prev.yr)	(3598000)

MIRA INFORM REPORT

Report Date :

01.10.2011

IDENTIFICATION DETAILS

Name :	UNIFLOK INTERNATIONAL LIMITED
Registered Office :	W2 1282, Nangal Raya, New Delhi – 110046, Delhi
Country :	India
Financials (as on) :	31.03.2008
Date of Incorporation :	13.04.1994
Com. Reg. No.:	55-058411
Capital Investment / Paid-up Capital :	Rs.14.968 Millions
CIN No.: [Company Identification No.]	U74899DL1994PLC058411
IEC No.:	0595002501
TAN No.: [Tax Deduction & Collection Account No.]	DELU01096E
PAN No.: [Permanent Account No.]	AAACU0394A
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and exporter of flock and flocked fabrics. Uniflock offers an endless range of attractive designs and styles Fabrics like PU, PVC, EVA, LDPE, Arcylic
No. of Employees :	25(Approximately)

RATING & COMMENTS

MIRA’s Rating :

B(30)

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

Maximum Credit Limit :	USD 64000
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an established company having moderate track records. The management has not filed the financials of the company with the government departments. Trade relations are reported as fair. Business is active. Payments are unknown. The company can be considered for business dealings with some cautions.

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. Rajesh Sharma
Designation :	Chief Executive Officer
Contact No.:	91-9873562005
Date :	28.09.2011

LOCATIONS

Registered Office :	W2 1282, Nangal Raya, New Delhi – 110046, Delhi
Factory :	Behrampur Road, Village Khandsa, Gurgaon – 492001,Haryana, India
Tel. No.:	91-124-4031678/4226489
Mobile No.:	91-9811677791
Fax No.:	91-124-4226489
E-Mail :	info@uniflock.com/uniflock@rediffmail.com
Website :	www.uniflock.com
Location :	Owned

DIRECTORS

As on 30.09.2008

Name :

Mr. Abhishek Sharma

Designation :

Director

Address :

809, South City Heights, South City I, Gurgaon – 122001, Haryana, India

Date of Birth/Age :

13.03.1978

Date of Appointment :

30.01.2009

DIN No.:

02198127

Name :

Mr. Ashok Sharma

Designation :

Director

Address :

682, Sector -15, Part – II, Gurgaon – 122001, Haryana, India

Date of Birth/Age :

17.08.1944

Date of Appointment :

13.04.1994

DIN No.:

01093700

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
U74140DL1987PTC026999	Unichem Marketing Private Limited	Director	12/02/1987	12/02/1987	-	Dormant	NO
U74899DL1987PTC027000	Unique Vinyl Products Private Limited	Director	12/02/1987	12/02/1987	-	Active	YES
U74899DL1994PLC058411	Uniflock International Limited	Director	13/04/1994	13/04/1994	-	Active	YES
U17299DL1989PTC035570	Texprint Textiles Private Limited	Director	1/09/1994	1/09/1994	-	Active	YES
U74899DL1994PTC063215	Wilhelm Textiles India Private Limited	Director	6/12/1994	6/12/1994	-	Active	NO
U24239DL2004PTC130365	Roidec India Chemicals Private Limited	Director	1/03/2011	15/01/2009	-	Active	NO
U40101DL2010PTC205089	Ecosense Energy Private Limited	Director	12/08/2010	12/08/2010	-	Active	NO

Name :

Ms. Rohini Sharma

Designation :

Director

Address :

682, Sector -15, Part – II, Gurgaon – 122001, Haryana, India

Date of Birth/Age :

06.12.1955

Date of Appointment :

01.03.2003

DIN No.:

02198123

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
U74140DL1987PTC026999	Unichem Marketing Private Limited	Director	12/02/1987	12/02/1987	-	Dormant	NO
U74899DL1987PTC027000	Unique Vinyl Products Private Limited	Director	12/02/1987	12/02/1987	-	Active	YES
U74899DL1988PTC034391	Unique Laminates Private Limited	Director	15/03/2001	15/03/2001	-	Active	YES
U74899DL1994PLC058411	Uniflock International Limited	Director	1/03/2003	1/03/2003	-	Active	YES

KEY EXECUTIVES

Name :	Mr. Rajesh Sharma
Designation :	Chief Executive Officer
Mobile No. :	91-9873562005

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2008

Names of Shareholders	No. of Shares
Ashok Sharma	22550
Rohini Sharma	20960
Rajesh Sharma	5884
Sharda Devi	1600
Anshuman Sharma	17864
Abhishek Sharma	17960
Amartya Sharma	17960
Anil Jain	3050
Nitesh Jain	15000
Puja Jain	19400
Sandeep Jain	7450
Total	149678

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2008

Category	Percentage
Directors or relatives of Directors	70.00
Other top fifty shareholders	30.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and exporter of flock and flocked fabrics. Subject offers an endless range of attractive designs and styles Fabrics like PU, PVC, EVA, LDPE, Arcylic
Exports :
Products :	Flock and Flocked fabrics.
Countries :	· South East Asia · USA · UK · Russia · Egypt · Bangladesh
Terms :
Selling :	Cash/ Credit (30 days)
Purchasing :	Cash/ Credit (30 days)

PRODUCTION STATUS AS ON 31.03.2008

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Flock Powder	M.Ton	NA	360	39.9914
Flocked Fabrics	Lac Mts	NA	12	53195.30

GENERAL INFORMATION

No. of Employees :

25(Approximately)

Bankers :

· Indian Overseas Bank, Delhi

· Canara Bank, New Delhi

Facilities :

Secured Loan	As on 31.03.2008 (Rs. in Millions)	As on 31.03.2007 (Rs. in Millions)
A) Cash Credit from Canara Bank, Uttam Nagar, New Delhi, secured against hypothecation of stock of all kind and personal Guarantee of the directors	0.000	6.828
B) Term Loan From Canara Bank, Uttam Nagar, New Delhi, secured against hypothecation of Machinery and personal Guarantee of the directors	0.000	7.814
Total	0.000	14.642
Unsecured Loan	As on 31.03.2008 (Rs. in Millions)	As on 31.03.2007 (Rs. in Millions)
From Body Corporate	0.631	1.824
Total	0.631	1.824

Banking Relations :	--
Auditors :
Name :	Dilip Kapoor and Assocaites Chartered Accountant
Address :	206 Mohan Complex H, Block Market, Ashok Vihar Phase 1, Delhi – 110052, India
PAN.:	AADFD7120K
Associates :	Shree Narayan and Company

CAPITAL STRUCTURE

As on 30.09.2008

Authorised Capital :

No. of Shares	Type	Value	Amount
200000	Equity Shares	Rs.100/- each	Rs.20.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
149678	Equity Shares	Rs.100/- each	Rs.14.968 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

.

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2008	31.03.2007	31.03.2006
SHAREHOLDERS FUNDS
1] Share Capital		14.968	14.968	14.968
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		1.130	0.000	0.000
4] (Accumulated Losses)		0.000	(5.654)	(3.193)
NETWORTH		16.098	9.314	11.775
LOAN FUNDS
1] Secured Loans		0.000	14.642	13.395
2] Unsecured Loans		0.631	1.824	1.696
TOTAL BORROWING		0.631	16.466	15.091
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		16.729	25.780	26.866
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		12.027	13.499	15.269
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		2.101	2.801	2.800
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1.112	3.032	7.548
	Sundry Debtors	11.974	15.740	13.405
	Cash & Bank Balances	0.415	0.374	0.193
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	6.190	7.942	6.345
Total Current Assets		19.691	27.088	27.491
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	14.815	16.532	17.873
	Other Current Liabilities	2.261	1.074	0.811
	Provisions	0.020	0.015	0.030
Total Current Liabilities		17.096	17.621	18.714
Net Current Assets		2.595	9.467	8.777
MISCELLANEOUS EXPENSES		0.006	0.013	0.020
TOTAL		16.729	25.780	26.866

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2008	31.03.2007	31.03.2006
	SALES
		Income	11.537	8.203	22.482
		Other Income	18.404	5.180	3.037
		TOTAL	29.941	13.383	25.519
Less	EXPENSES
		Cost of goods sold	14.259	10.884	17.919
		Direct Expenses	3.696	1.381	3.565
		Administrative Expenses	0.707	0.385	1.109
		Employee’s Remuneration and Other Benefits to Staff	1.203	0.667	0.852
		Loss on Sale of Fixed Assets	0.000	0.049	0.037
		Auditor Remuneration	0.056	0.056	0.056
		Bank Charges and Interest	0.953	1.439	1.884
		Selling and Distribution Expenses	0.278	0.191	0.285
		Deferred Revenue Expenditure	0.007	0.007	0.007
		Preliminary Expenses	0.000	0.000	0.004
		TOTAL	21.159	15.059	25.718
Less	PROFIT/LOSS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		8.782	(1.676)	(0.199)
Less/ Add	DEPRECIATION/ AMORTISATION		1.712	1.907	2.194
	PROFIT/LOSS BEFORE TAX		7.070	(3.583)	(2.393)
Less	TAX		0.020	0.015	0.030
	PROFIT/LOSS AFTER TAX (G-I)		7.050	(3.598)	(2.423)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(5.654)	(3.193)	(1.615)
Less	APPROPRIATIONS
		Deferred Tax Assets/Liabilities	0.265	1.135	0.836
		Appropriations on account of I.Tax		0.002	0.009
	BALANCE CARRIED TO THE B/S		1.131	(5.654)	(3.193)
	Earnings Per Share (Rs.)		47.10	(24.03)	(16.19)

Particulars	31.03.2011	31.03.2010	31.03.2009
Sales Turnover(approximately)	12.103	10.355	17.683

The above information has been parted by Mr. Rajesh Sharma.

KEY RATIOS

PARTICULARS		31.03.2008	31.03.2007	31.03.2006
PAT / Total Income	(%)	23.55	26.77	9.49
Net Profit Margin (PBT/Sales)	(%)	61.28	43.67	10.64
Return on Total Assets (PBT/Total Assets}	(%)	22.29	8.82	5.59
Return on Investment (ROI) (PBT/Networth)		0.43	0.38	0.20
Debt Equity Ratio (Total Liability/Networth)		1.10	3.65	2.87
Current Ratio (Current Asset/Current Liability)		1.15	1.53	1.47

LOCAL AGENCY FURTHER INFORMATION

TRADE REFERENCES

· NTC

· Reliance

· DCM

· Tata

· Aero

· Birlas

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] 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.48.92
UK Pound	1	Rs.76.51
Euro	1	Rs.66.64

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	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	2
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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.