MIRA INFORM REPORT

Report Date :

14.09.2011

IDENTIFICATION DETAILS

Name :	HOLOSTIK INDIA LIMITED
Registered Office :	30/6, Ground Floor, Devika Tower, 6, Nehru Place, New Delhi – 110 019
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	13.02.1991
Com. Reg. No.:	55 -43077
Capital Investment / Paid-up Capital :	Rs.89.219 Millions
CIN No.: [Company Identification No.]	U51909DL1991PLC043077
TAN No.: [Tax Deduction & Collection Account No.]	DELH01752C
PAN No.: [Permanent Account No.]	AAACH0239F
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of Security Holograms and Holographic Products, Authentication and Promotional Purposes.
No. of Employees :	1000 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (49)

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

Maximum Credit Limit :	USD 2500000
Status :	Satisfactory
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be regular 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 – April 1, 2010

Country Name	Previous Rating (31.12.2009)	Current Rating (01.04.2010)
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. Satyadeep Ray
Designation :	Director
Contact No.:	91-9810036086
Date :	03.09.2011

LOCATIONS

Registered Office :	30/6, Ground Floor, Devika Tower, 6, Nehru Place, New Delhi – 110 019, India
Tel. No.:	91-11-26291477
Mobile No.:	91-9810036086 (Mr. Satyadeep Ray)
Fax No.:	91-11-46540821
E-Mail :	holostik@vsnl.com im@holostik.com
Website :	www.holostik.com
Area :	3500 sq. ft
Location :	Owned
Marketing Head / Corporate Office 1 :	W 51, Sector 11, Gautam Budh Nagar, Noida-201301, Uttar Pradesh, India
Tel. No.:	91-120-4192700
Fax No.:	91-120-4192744 / 4192732
Corporate Office 2 :	C-117, Sector – 2, District Gautam Budh Nagar, Noida 201301, Uttar Pradesh, India
Tel. No.:	91-120-4192700 / 4192751
Fax No.:	91-120-4192744 / 732
Branches :	Located At: · Delhi · Ahmedabad · Bangalore · Bhopal · Bhubneshwar · Kolkata · Chennai · Hyderabad · Lucknow · Noida · Kathmandu (Nepal) · Mumbai · Nagpur · Patna · Pune · Surat

DIRECTORS

AS ON 31.07.2010

Name :

Mr. Umendra Kumar Gupta

Designation :

Director

Address :

1, Anupam Apartments MB Road, Opposite Saket, New Delhi 110068, India

Date of Birth/Age :

09.06.1954

Date of Appointment :

16.07.1993

DIN No.:

00491215

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	U74899DL1990PTC041208	United Warehousing Private Limited	Director	20-08-90	20-08-90	-	Active	NO
2	U51909DL1991PLC043077	Holostik India Limited	Managing director	25-04-11	16-07-93	-	Active	NO
3	U74899DL1989PTC036219	Ukay Polytech Private Limited	Director	01-05-96	01-05-96	-	Active	NO
4	U72500DL1986PLC022959	United Services Limited	Director	22-08-01	22-08-01	-	Amalgamated	NO
5	U99999DL1985PLC020970	Limitorque India Limited	Director	01-06-04	01-06-04	28-02-09	Active	NO
6	U72300DL2004PTC127713	Global Infozone Private Limited	Director	20-07-04	20-07-04	-	Active	NO
7	U40107DL2005PTC134503	Harbinsons Energy Private Limited	Director	24-06-05	24-06-05	-	Strike off	NO
8	U25202DL2005PTC141754	Holostik Multipack Private Limited	Director	14-10-05	14-10-05	-	Active	NO
9	U72900DL2007PTC171896	United Multitech Private Limited.	Director	27-12-07	27-12-07	-	Active	NO
10	U70109DL2007PTC171924	United Estate Creators Private Limited	Director	27-12-07	27-12-07	-	Active	NO
11	U72900DL2007PTC171937	Unity Softech Private Limited.	Director	27-12-07	27-12-07	-	Active	NO
12	U70102DL2007PTC171955	Holostik Infrastructure Private Limited.	Director	28-12-07	28-12-07	-	Active	NO
13	U70101DL1999PLC098885	MT. Everest Constructions Limited	Director	12-02-08	12-02-08	01-08-10	Active	NO
14	U55101DL2008PTC174374	Holostik Hospitality Private Limited	Director	22-02-08	22-02-08	-	Active	NO
15	U55101DL2009PTC193926	Holostik Entertainment Private Limited	Director	04-09-09	04-09-09	-	Active	NO
16	U74900DL2010PTC205502	Value Added Technologies Private Limited	Director	08-07-10	08-07-10	-	Active	NO
17	U45202DL2000PTC104740	Greyhound Engineers India Private Limited	Additional director	18-12-10	18-12-10	02-09-11	Active	NO
18	U18204DL2007PTC158595	Spcc Apparel and Software Private Limited	Director	28-02-11	28-02-11	-	Active	NO
19	U74140DL2011PTC218490	Holostik India (Ap) Private Limited	Director	03-05-11	03-05-11	-	Active	NO

Name :

Mr. Kumar Rupramka

Designation :

Director

Date of Birth/Age :

08.07.1946

Date of Appointment :

13.02.1991

Name :

Mr. Mahender Kumar Gupta

Designation :

Director

Address :

B-108, Sarvodaya Enclave, New Delhi 110017, India

Date of Birth/Age :

14.02.1944

Date of Appointment :

12.01.1993

DIN No.:

00491469

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	U51909DL1991PLC043077	Holostik India Limited	Director	12-01-93	12-01-93	Active	NO
2	U74899DL1995PLC073618	Greater Noida Habitat Centre Limited	Director	05-05-05	05-05-05	Active	NO
3	U80110DL2006PTC147125	Greater Noida Hospital Private Limited	Director	06-03-06	06-03-06	Active	NO
4	U20296DL2007PTC162440	Fini Furnitures Private Limited	Director	23-04-07	23-04-07	Active	YES
5	U25209DL2004PTC124845	A N Polytech Private Limited	Director	16-03-09	16-03-09	Active	NO
6	U92490DL2009PTC191059	magnum recreational centre private Limited	Director	09-06-09	09-06-09	Active	NO
7	U18101DL2005PTC138282	MNP Apparel Private Limited	Additional director	01-03-11	01-03-11	Active	NO

Name :

Mr. Ritesh Rupramka

Designation :

Director

Address :

A-37, Sector – 17, Noida 201301

Date of Birth/Age :

05.08.1973

Date of Appointment :

16.07.1993

Name :

Mr. Alok Kumar Gupta

Designation :

Director

Address :

26-C, Vijay Mandal Enclave, New Delhi 110017, India

Date of Birth/Age :

02.01.1954

Date of Appointment :

14.03.1995

DIN No.:

00491049

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	U74899DL1990PTC041208	United Warehousing Private Limited	Director	21-11-92	21-11-92	Active	NO
2	U74899DL1989PTC036219	Ukay Polytech Private Limited	Director	14-03-95	14-03-95	Active	NO
3	U51909DL1991PLC043077	Holostik India Limited	Director	14-03-95	14-03-95	Active	NO

Name :

Mr. Sharad Kumar Garg

Designation :

Director

Address :

SFS Flat No. 271, Pocket A, First floor, Category, Sarita Vihar, New Delhi 110044, India

Date of Birth/Age :

17.03.1954

Date of Appointment :

01.03.1997

Name :

Mr. Satyadeep Ray

Designation :

Director

Address :

House No. H, 14/16, Malaviya, New Delhi 110017, India

Date of Birth/Age :

17.06.1970

Date of Appointment :

19.05.2004

Name :

Mr. Ankit Gupta

Designation :

Director

Address :

1, Anupam Apartments MB Road, Opposite Saket, New Delhi 110038, India

Date of Birth/Age :

17.06.1970

Date of Appointment :

19.05.2004

DIN No.:

00491172

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	U74899DL1989PTC036219	Ukay Polytech Private Limited	Director	06-04-04	06-04-04	20-04-10	Active	NO
2	U72300DL2004PTC127713	Global Infozone Private Limited	Director	20-07-04	20-07-04	-	Active	NO
3	U51909DL1991PLC043077	Holostik India Limited	Whole-time director	06-12-10	01-02-05	-	Active	NO
4	U74899DL1988PTC033597	Northern Steel Fab Industries Private Limited	Director	11-02-05	11-02-05	01-06-11	Active	NO
5	U72200DL2005PTC134559	Holostik Multitech Private Limited	Director	30-03-05	30-03-05	-	Active	NO
6	U72500DL1986PLC022959	United Services Limited	Director	09-12-06	09-12-06	-	Amalgamated	NO
7	U72900DL2007PTC171896	United Multitech Private Limited.	Director	27-12-07	27-12-07	-	Active	NO
8	U70109DL2007PTC171924	United Estate Creators Private Limited	Director	27-12-07	27-12-07	-	Active	NO
9	U70102DL2007PTC171955	Holostik Infrastructure Private Limited.	Director	28-12-07	28-12-07	-	Active	NO
10	U55101DL2008PTC174374	Holostik Hospitality Private Limited	Director	22-02-08	22-02-08	-	Active	NO
11	U25202DL2005PTC141754	Holostik Multipack Private Limited	Director	19-01-09	19-01-09	-	Active	NO
12	U55101DL2009PTC193926	Holostik Entertainment Private Limited	Whole-time director	01-04-10	04-09-09	-	Active	NO
13	U45202DL2000PTC104740	Greyhound Engineers India Private Limited	Additional director	18-12-10	18-12-10	02-09-11	Active	NO
14	U18204DL2007PTC158595	Spcc Apparel and Software Private Limited	Director	28-02-11	28-02-11	-	Active	NO
15	U72900DL2007PTC171937	Unity Softech Private Limited.	Director	28-02-11	28-02-11	-	Active	NO
16	U74140DL2011PTC218490	Holostik India (Ap) Private Limited	Director	03-05-11	03-05-11	-	Active	NO
17	U45400DL2010PTC198850	Midas Buildtech Private Limited	Additional director	23-05-11	23-05-11	-	Active	NO

Name :

Shobhit Gupta

Designation :

Director

Address :

Flat No. 1, Anupam Apartments, M. B. Road, New Delhi 110068, India

Date of Birth/Age :

10.05.1983

Date of Appointment :

08.06.2007

DIN No.:

00535297

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	U74899DL1989PTC036219	Ukay Polytech Private Limited	Director	06-04-04	06-04-04	20-04-10	Active	NO
2	U72300DL2004PTC127713	Global Infozone Private Limited	Director	20-07-04	20-07-04	-	Active	NO
3	U74899DL1988PTC033597	Northern Steel Fab Industries Private Limited	Director	11-02-05	11-02-05	01-06-11	Active	NO
4	U72200DL2005PTC134559	Holostik Multitech Private Limited	Director	30-03-05	30-03-05	-	Active	NO
5	U51909DL1991PLC043077	Holostik India Limited	Whole-time director	06-12-10	01-10-07	-	Active	NO
6	U70109DL2007PTC171924	United Estate Creators Private Limited	Director	27-12-07	27-12-07	-	Active	NO
7	U72900DL2007PTC171937	Unity Softech Private Limited.	Director	27-12-07	27-12-07	-	Active	NO
8	U70102DL2007PTC171955	Holostik Infrastructure Private Limited.	Director	28-12-07	28-12-07	-	Active	NO
9	U25202DL2005PTC141754	Holostik Multipack Private Limited	Director	19-01-09	19-01-09	-	Active	NO
10	U72900DL2007PTC171896	United Multitech Private Limited.	Whole-time director	01-04-10	03-04-09	-	Active	NO
11	U45202DL2000PTC104740	Greyhound Engineers India Private Limited	Additional director	18-12-10	18-12-10	02-09-11	Active	NO
12	U18204DL2007PTC158595	Spcc Apparel and Software Private Limited	Director	28-02-11	28-02-11	-	Active	NO
13	U74140DL2011PTC218490	Holostik India (Ap) Private Limited	Director	03-05-11	03-05-11	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 31.07.2010

Names of Shareholders	No. of Shares
Shiv Kumar Rupramka	235900
Saroj Rupramka	180000
Ritesh Rupramka	113000
Rohit Rupramka	120000
Mahendra Gupta	308600
M K Gupta - HUF	155000
Namita Gupta	296100
United Hanware Private Limited, Delhi	577362
Atul Bhargava	9600
Surendra Gupta	10000
Marrykutty Abraham	3000
Achal Jain	1000
Vinod Agarwal	2000
Pushpa Sharma	4000
Phoola Rani	1000
N K Kulkarni	10000
Anju Agarwal	2000
Gaurav Rastogi	8000
Neelima Jain	240000
Dev Pratap Singh, Switzerland	200000
Shobhit Gupta	124090
United Warehousing Private Limited, New Delhi	18180
Ukay Polytech Private Limited, New Delhi	118180
Sheela Devi Sarawagi	47266
Dhampur Investors Limited, New Delhi	90
Vandana Gupta	182744
B K Prasad	69090
Shiv Sarawagi	9090
Kavita Devi	7272

AS ON 31.07.2010

Equity Share Breakup		Percentage of Holding
Category
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]		7.40
Bodies corporate		12.00
Directors or relatives of directors		72.44
Other top fifty shareholders		8.16
	Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Security Holograms and Holographic Products, Authentication and Promotional Purposes.
Products :	· Hologram · Holographic Hot Stamping Foil · Holographic Wads · Holographic Strip · Holographic Pouch · Holographic Labels · Holographic Scratch · Holographic Board · Holographic Aluminum Foil · Holographic Transparent Laminate · Holographic Breakable Vinyl · Holographic Wide Web Film · Shrink Sleeves with Holography
Exports :
Countries :	Kenya, Maldives, UAE, Sri Lanka, China, Singapore, UK
Terms :
Selling :	L/C, Cash, Credit (30-60-90 Days)
Purchasing :	L/C, Cash, Credit (30-60-90 Days)

PRODUCTION STATUS

AS ON 31.03.2010

Particulars	Unit	Installed Capacity	Actual Production
Holograms and Allied Products
Sheels	Tonne	8860	1526
Master	Pieces	4000	652

GENERAL INFORMATION

Customers :

· End Users

· OEM’s

Automobile:
Like Filters, Batteries, Fan Belts, Gear Boxes etc.

Agro Products:
Like Cutting Blades, Seeds, Fertilizers, Pesticides etc.

Building and Civil Products:
Like Paints, Cement, Lime, Steel etc.

Consumer Durables:
Like Furniture, Home appliances, Computer peripherals, Communication accessories, Machine Manufacturing, Industrial Products etc.

Consumer Undurables:
Like Mobile battery, crockery, bulbs etc.

Documents:
Like Matriculation degree certificates, Voter and other ID cards, Ration Cards, Farmer’s Pass, mark-sheets, Driving License etc.

Fast Moving Consumer Goods (FMCG):
Like Confectionaries, Toiletries, Food and Beverages, Tobacco Products, Sandal Stick etc.

Garments:
Like Undergarments, Clothing items, Lungi, Sarees etc.

Over the Counter (OTC):
Like Pharma Products etc.

Personal Products:
Like Cosmetics etc.

Publishers:
Like Books etc.

Tax and Revenue Labels:
Like Excise, Commercial Tax Department etc.

No. of Employees :

1000 (Approximately)

Bankers :

State Bank of India, Commercial Branch, Vardhman Trade Center, Nehru Place, New Delhi 110019, India

Facilities :

SECURED LOAN	31.03.2010 Rs. In Millions
Term Loan from State Bank of India (Primarily secured by hypothecation of plant and machinery and all the fixed assets acquired out of the term loan. Collaterally secured by way of equitable mortgage of other company. Charge over the present and future current assets corporate guarantee of a company and personal guarantee of directors.)	63.266
Vehicle term Loan (from banks for vehicles purchased against hypothecation of the respective vehicles)	4.990
Working Capital Loan from State Bank of India (Primarily Secured by hypothecation of inventory including goods in transit, present and future book debts / receivables and collaterally secured by way of equitable mortgage on immovable proprieties of the company and immovable property of other company corporate guarantee of a company and personal guarantee of two directors.)	74.255
Total	142.511

Banking Relations :	--
Auditors :
Name :	Vinod Kumar and Associates Chartered Accountant
Address 1:	5047, Chiranjiv Tower, 43, Nehru Place, New Delhi 110019, India
Address 2:	4696, Brij Bhawan, 21A, Ansari Road, Darya Ganj, New Delhi 110002, India
Associates/Subsidiaries :	· United Multitech Private Limited Activity: Manufacturer of Holography Products · Holostik Entertainment Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
20000000	Equity Shares	Rs. 10 each	Rs.200.000 millions

I

ssued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
8921940	Equity Shares (out of the above 473980 equity shares of Rs. 10 each fully paid were allotted to the shareholders of erstwhile united services limited pursuant to the scheme of amalgamation without payment being received in cash) (out of above 6142960 equity shares have been allotted as fully paid up bonus shares by capitalization of reserves.)	Rs. 10 each	Rs.89.219 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		89.219	29.739	29.739
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		547.869	490.455	378.728
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		637.088	520.194	408.467
LOAN FUNDS
1] Secured Loans		142.511	154.241	130.158
2] Unsecured Loans		0.000	0.000	2.841
TOTAL BORROWING		142.511	154.241	132.999
DEFERRED TAX LIABILITIES		57.310	52.524	41.806
TOTAL		836.909	726.959	583.272
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		517.283	487.465	440.208
Capital work-in-progress		18.340	0.000	17.482
INVESTMENT		12.153	0.903	0.014
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	66.165	56.377	65.739
	Sundry Debtors	258.094	193.344	132.661
	Cash & Bank Balances	12.353	8.579	9.451
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	114.839	71.055	28.651
Total Current Assets		451.451	329.355	236.502
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	95.759	49.493	70.776
	Other Current Liabilities	35.681	26.857	25.898
	Provisions	30.878	14.414	14.608
Total Current Liabilities		162.318	90.764	111.282
Net Current Assets		289.133	238.591	125.220
MISCELLANEOUS EXPENSES		0.000	0.000	0.348
TOTAL		836.909	726.959	583.272

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	810.243	709.241	571.757
		Other Income	6.571	9.841	29.294
		TOTAL (A)	816.814	719.082	601.051
Less	EXPENSES
		Cost of Materials	386.394	335.063	225.143
		Increase/(Decrease) in Finished Goods	4.327	(5.648)	(1.620)
		Personnel Expenses	110.417	101.310	88.354
		Administrative Expenses	111.238	97.160	107.535
		TOTAL (B)	612.376	527.885	419.412
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		204.438	191.197	181.639
Less	FINANCIAL EXPENSES (D)		20.993	22.290	20.841
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		183.445	168.907	160.798
Less/ Add	DEPRECIATION/ AMORTISATION (F)		29.872	28.556	22.492
	PROFIT BEFORE TAX (E-F) (G)		153.573	140.351	138.306
Less	TAX (H)		15.577	20.291	37.870
	PROFIT AFTER TAX (G-H) (I)		137.996	120.060	100.436
Add	Reversal of Depreciation of Earlier years		0.000	0.000	10.710
Less	Leave Encashment Provision for Earlier Years		0.000	0.000	1.251
Less	Tax Adjustment for earlier years
	Income Tax		0.505	0.668	1.022
	Wealth Tax		(0.209)	0.708	0.000
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		399.875	298.148	204.232
Less	APPROPRIATIONS
		Transfer to General Reserve	30.000	10.000	8.000
		Dividend	17.843	5.947	5.947
		Tax on Dividend	2.963	1.010	1.010
	BALANCE CARRIED TO THE B/S		486.769	399.875	298.148
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	27.957	20.397	NA
	IMPORTS
		Raw Materials	5.944	4.694	NA
		Stores & Spares	2.679	4.462	NA
		Capital Goods	19.024	43.102	NA
	TOTAL IMPORTS		27.647	52.258	NA
	Earnings Per Share (Rs.)		15.43	13.30	NA

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	16.89	16.69	16.71
Net Profit Margin (PBT/Sales)	(%)	18.95	19.78	24.18
Return on Total Assets (PBT/Total Assets}	(%)	15.85	17.18	20.43
Return on Investment (ROI) (PBT/Networth)		0.24	0.26	0.34
Debt Equity Ratio (Total Liability/Networth)		0.56	0.57	0.70
Current Ratio (Current Asset/Current Liability)		2.78	3.62	2.12

LOCAL AGENCY FURTHER INFORMATION

OPERATIONS

During the year the gross turnover increased to Rs. 814.500 millions compared to Rs. 716.000 millions in the previous year resulting in the growth of 13.8% the net profit of the company have increased significantly from Rs. 120.1000 millions to Rs. 138.00 millions. Considering consistent growth in sales and profitability over the last many years, the directors recommended and the members approved a bonus issue in the ratio of 2:1, during the year ended on 31.03.2010. Accordingly the share capital of the company increased from Rs. 29.700 millions to Rs. 89.200 millions.

During the year the company substantially increased its production capacities in plants located in Pant Nagar, by either investing in new machines or by upgrading the existing facilities. As stated in the board report of last year, company also invested in new technologies for upgrading the security levels and o improve productivity,. The company is also investing in special and unique materials to protect the secrity required by State Excise Departments and other customers.

The company had invested in United Multitech Private Limited in 2008-09, making it a subsidiary of the company. During the year ended 31.03.2010, the company, which deals in chemicals, recorded a turnover of Rs. 97.200 millions and net profit of Rs. 3.100 millions, in its first full year of operations. The dividend income from the subsidiary company in 2010-2011, will be more than the capital invested by the company.

During the year ended on 31.03.2010, the company has invested in another subsidiary company, Holostik Entertainment Private Limited. The company has started its operations in May 2010, by taking the franchises of prestigious café Mocha.

Bankers Charges Report as per Registry

This Form is for	Modification of charge
Charge identification number of the charge to be modified	90033294
Corporate identity number of the company	U51909DL1991PLC043077
Name of the company	HOLOSTIC INDIA LIMITED
Address of the registered office or of the principal place of business in India of the company	50, Adhchini Sri Aurbindo Marg, New Delhi 110017, India
Type of charge	Immovable property
Particular of charge holder	State Bank of India Commercial Branch, Vardhman Trade Centre, Nehru Place, New Delhi 110019
Nature of description of the instrument creating or modifying the charge	Copy of recitals attached
Date of instrument Creating the charge	28.03.2007
Amount secured by the charge	Rs. 219.800 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	[a] Rate of Interest Cash Credit : 25% below SBAR. Term Loan : 1.25% below SBAR Corporate Loan : 0.25% below SBAR [b] Terms of Repayment Term Loan : 60 monthly installments of Rs. 1.675 Millions first installments on 1.01.2007. Corporate Loan : 16 quarterly installments of Rs. 1.500 from 1.10.2005 [c] Margin RM/SIP/FG : 25% Receivable : 30% LC/BG : 15% [d] Extent and operation of the charge For the entire credit limits sanctioned.
Short particulars of the property charged	1 B-07, Chak/Khasra No. 180, Green Park, Village Dibdiba, Tehsil : Bilaspur, District Rampur, U.P. 2, Private Plot No. 10, 504/2 min. Sunny Dels colony, Rudrapur (Dehat), The : Kicha, District U. S. Nagar Uttaranchal 3, C-57, Chak/Khasra No. 180, Green Park, Village Dibodiba, Tehsil : Bilaspur, District Rampur, U.P. 4, A – 56, Chak/Khasra No. 108, Green Park, Village Dibdiba, Tehsil : Bilaspur, District Rampur, Utter Pradesh
Date of latest modification prior to the present modification	NA
Particulars of the present modification	EM for the properties created for the credit facilities of Rs. 219.800 Millions

Name of the company	HOLOSTIC INDIA LIMITED
Presented By	U. K. GUPTA MANAGING DIRECTOR
1) Date and description of instrument creating the change	01.11.1994 agreement for cash credit term loan against hypothecation of stock and book debts and others dated 01.11.1994 registered on 12.12.1995
2) Amount secured by the charge/amount owing on the securities of charge	Rs. 5.400 Millions
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given	Stock of raw material, WIP, finished goods, Book Debts of the Company movable plant and machinery, equipment, furniture, motors and all type of transport vehicles, immovable land and building.
4) Gist of the terms and conditions and extent and operation of the charge.	0.25% below SBAR effective Rate 10%
5) Name and Address and description of the person entitled to the charge.	State Bank of India Commercial Branch, Vardhman Trade Centre, Nehru Place, New Delhi 110019
6) Date and brief description of instrument modifying the charge	Supplementary agreement dated 20.06.2005 equitable mortgage of E-10, Sector 3, Noida, W – 50, Noida of the Company.
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification.	From Rs. 66.500 Millions to Rs. 94.100 Millions cash credit Rs. 35.000 Millions Term Loan Rs. 5.100 Millions L.C. Rs. 15.000 Bank Guarantee Rs. 15.000 Millions

Corporate identity number of the company	U51909DL1991PLC043077
Name of the company	HOLOSTIK INDIA LIMITED
Address of the registered office or of the principal place of business in India of the company	30/6, Ground Floor, Devika Tower, 6, Nehru Place, New Delhi 110019, India
This form is for	Modification of charge
Type of charge	Immovable property
Particular of charge holder	State Bank of India, Commercial Branch, Vardhman Trade Center, Nehru Place, New Delhi 110019, India Email: rishabh.sharma@sbi.co.in
Date of instrument Creating the charge	03.02.2010
Amount secured by the charge	Rs. 381.400 millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest C/C:-ON SBAR Presently Effective @11.75% p.a , t/l-1 :-0.50% Below The SBAR Presently Effective @11.25% p.a and corp. Loan and tl-2 and 3 :-on Sbar presently effective @11.75% p.a Terms of repayment Working Capital On Demand Existing Term Loans and Corporate Loan Will Be Repaid As Per Existing Repayment Schedule Fresh Term Loan Will Be Repaid In 47 Monthly Installments I.E First Eleven Installments Of Rs.0.950 million and Next 36 Installments Of Rs.0.960 million Each . Margin Raw-Material :-25% Wip and Finished Stocks :- 30% LGandBG:-15% Receivables :-30% Extent and operation of the charge 100% Exclusive First Charge Other Interest Will Be Charged On Monthly Basis And Interest Rate As Mentioned In The Sanction Letter and Agreement or Such Other Rate(S) Specified By The Bank From Time To Time .
Short particulars of the property charged (Including location of the property)	1 Plot No.-10 504/2 Min, Sunny Dels Colony Rudrapur ( Dehat), Thesil Kicha, Distt Us Nagar , Uttranchal . (Land Area 178.864 Sqm). 2 A-56, Chak / Khasra No 108 Greenpark Village Dibdiba Tehsil Bilaspur, Distt Rampur U.P (Land Area 337.50 Sqm) 3 B-07 , Chak / Khasra No.180 Greenpark Village Dibdiba Tehsil Bilaspur , Distt. Rampur U.P (Land Area 248.535 Sqm) 4 Plot No-73 Sector –6 Industrial Area Iie Pant Nagar ,Us Nagar , Uttranchal Land Area 9847 Sqm 5 71 and 72 Sector-6 Integreated Industrial Estate , Pant Nagar , U.S Nagar Uttrakhand (Land Area 19694 Sqm 6 W-50, Secor –11 Noida Ghaziabad U.P (Land Area 800 Sqm). 7 E-10 Secor –3 Noida U.P 8. W-44 Sector-11 Industrial Area Noida Distt. Gautam Buddh Nagar U.P. 9 C-57 Chak/Khasra No. 180 Village Dibdiba ( Green Park ) Tehsil Bilaspur Distt. Rampur Together With All Present and Future Buildings And Infrastructure Thereon .Property Mentioned In Column No 15(Vii) Situated At W-44 Sector -11 Industrial Area Noida Distt. Gautam Buddh Nagar Will Also Covered The Credit Facility Of Rs.103.500 millions. Sanctioned To M/S United Warehousing Private Limited
Particulars of the present modification	Credit Facilities Of Rs.277.900 millions Further Also Secured By Extension Of Equitable Mortgage Of Co's Immovable Properties Of The Company Credit Facility Of Rs.103.500 millions Sanctioned To M/S United Warehousing Private Limited Further Also Secured By Extension Of Equitable Mortgage Of Co's Immovable Properties At W-44 Sector-11 Industrial Area Noida Distt. Gautam Buddh Nagar U.P

PRESS RELEASE:

On 07/03/2001: The HINDU BUSINESS LINE

Holostik hopes to make a mark in hologram market

P.T. Jyothi Datta

NEW DELHI, March 6

As companies realise that the world is their oyster, come April 1, 2001, quality assurances would become increasingly significant to stay globally competitive

And here in hangs the tale of the hologram, increasingly used by both public and private enterprises to protect their brand by certifying quality.

Only recently, Holostik India Limited (HIL), the eight year old subsidiary of the city-based Ukay group, bagged an order to supply 12-crore holograms per month to the Uttar Pradesh Excise Department.

Mr Satyadeep Ray, HIL’s General Manager-Marketing, told Business Line that the project , worth more than Rs 100.000 Millions, involved supplying holograms for liquor bottles and pouches to avoid the sale of spurious products.

Earlier, HIL had successfully bagged two similar projects, worth about Rs 60.000 Millions, from the Tamil Nadu Excise Department.

With an expected turnover of Rs 170.000 Millions in the current fiscal, HIL targets about Rs 400.000 Millions in the next fiscal, buoyed by a quantum jump in the number of orders per year, from 117 last year to about 300 this year.

On why the hologram will not lose out to the barcode, in ensuring genuineness and security of the product, he said: “The hologram is easily identifiable by the consumer and is difficult to duplicate. It is virtually impossible to copy as the optical security device is in the form of a three dimensional impression and display seven colours of the spectrum.”

Mr Ray estimates the market for holograms to be about Rs.1000.000 millions and growing, what with companies looking to battle spurious products, besides becoming globally competitive.

“Our existing projects span making holograms for identity cards used in the Lok Sabha, Raiya Sabha, for the special protection Group and Bhabha Atomic Research Center to holograms for products such as Reynolds pens and garments. Dabur had used holograms for some of its products that were being exported. And now, Archies is planning to use the same for its gifts.”

Mr Manish Gangwani, Manager-Gifts, Archies Greetings and Gifts Limited, pointed out that the company was planning to have holograms on its gift items to ensure quality.

“We want to make sure that the products don’t go directly from the supplier to the customer. Our Quality Checks and branding come in between.”

Meanwhile, company officials observed that there still remained untapped markets in segments such as garments, banking (where holograms are used on the cheques / drafts), agriculture (on seeds and similar products) and even in currency, to prevents counterfeits.”

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.47.10
UK Pound	1	Rs.74.64
Euro	1	Rs.64.42

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	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		49

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.