MIRA INFORM REPORT

Report Date :

15.09.2011

IDENTIFICATION DETAILS

Name :	SHRI GOVINDARAJA MILLS LIMITED
Registered Office :	R-S-1, Sayalgudi Road, Sawaspuram Village, Aruppukottai - 626159, Tamilnadu
Country :	India
Financials (as on) :	31.03.2009
Date of Incorporation :	01.03.1980
Com. Reg. No.:	008155
Capital Investment / Paid-up Capital :	Rs.4.000 Millions
CIN No.: [Company Identification No.]	U17112TN1980PLC008155
Legal Form :	A closely held Public Limited Liability Company
Line of Business :	Manufacturer of Yarns.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

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

Maximum Credit Limit :	USD 584416
Status :	Satisfactory
Payment Behaviour :	Usually correct
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 usually correct and as per commitments. The concern 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

LOCATIONS

Registered Office :	R-S-1, Sayalgudi Road, Sawaspuram Village, Aruppukottai - 626159, Tamilnadu, India
Tel. No.:	91-4566-240844
E-Mail :	accounts@sgmills.com
Website :	www.sgmills.com
Factory 1:	SPINNING DIVISION Unit – I, Melakandamangalam Tamilnadu (P), Virudhunagar – 626129, Tamilnadu, India
Tel. No.:	91-4566-282345/282259
Fax No.:	91-4566-282212
E-Mail :	govindaraja@vsnl.com
Factory 2:	WEAVING DIVISION Unit – II, Madathutatti Village, Tamilnadu, India

DIRECTORS

AS ON 23.09.2010

Name :	Mr. T R Varadarajan
Designation :	Director
Address :	1, Vadugarkottari, Aruppukottai - 626101, Tamilnadu, India
Date of Birth/Age :	25.07.1940
Date of Appointment :	30.03.1995

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	U17111TN1951PLC002746	SHRI RAMALINGA MILLS LTD	Director	17/06/1965	17/06/1965	-	Active	NO
2	U60210TN1979PTC007793	SRI VAIGAI TRANSPORTS PRIVATE LIMITED	Director	12/04/1979	12/04/1979	-	Active	NO
3	U27104TN1961PTC004402	KOVILPATTI STEEL ROLLING INDUSTRIES PRIVATE LIMITED	Director	07/05/1979	07/05/1979	-	Active	NO
4	U65191TN1980PTC008152	ARUPPUKOTTAI SRI JAYAVILAS FINANCE PRIVATE LIMITED	Director	01/03/1980	01/03/1980	-	Active	NO
5	U51102TN1981PLC008702	SRI JAYAJOTHI & COMPANY LIMITED	Director	07/04/1981	07/04/1981	07/09/2011	Active	NO
6	U27104TN1982PTC009175	SREE JAYA VILAS MALLEABLE CASTINGS PRIVATE LIMITED	Director	18/01/1982	18/01/1982	-	Active	NO
7	U27200TN1984PTC011013	ARUPPUKOTTAI SRI JAYAVILAS INVESTMENTS PRIVATE LIMITED	Director	12/07/1984	12/07/1984	-	Active	NO
8	U24294TN1985PTC011584	SRI JAYASAKTHI POLYMERS PRIVATE LIMITED	Managing director	21/02/1985	21/02/1985	-	Active	NO
9	U65991TN1986PLC012678	SRI JAYAVILAS FINANCE COMPANY LTD	Director	14/02/1986	14/02/1986	-	Active	NO
10	L17111TN1989PLC018267	TAMILNADU JAI BHARATH MILL LIMITED	Director	02/11/1989	02/11/1989	-	Active	NO
11	U17111TN1989PTC017318	JAI JAGADHAMBIGA TEXTILE MILLS PRIVATE LIMITED	Director	16/07/1990	16/07/1990	-	Active	NO
12	U35111TN1983PTC010041	JESUDASONS PRIVATE LIMITED	Director	27/11/1991	27/11/1991	-	Active	NO
13	U17111TN1992PTC022526	SHRI JAYAVARTHAN SPINNING MILL PRIVATE LIMITED	Director	22/04/1992	22/04/1992	-	Active	NO
14	U17111TN1992PTC022984	SRI SATHU SPINNING MILLS PRIVATE LTD	Director	01/07/1992	01/07/1992	-	Active	NO
15	U17112TN1980PLC008155	SHRI GOVINDARAJA MILLS LIMITED	Director	30/03/1995	30/03/1995	-	Active	NO
16	U17111TN1995PTC033832	SRI RAMALINGA TEXTILES P LTD	Director	12/12/1995	12/12/1995	-	Active	NO
17	U60210TN1995PTC033833	ARUPPUYKOTTAI SRIJAYAVILAS TRANSPORT P LTD	Managing director	12/12/1995	12/12/1995	-	Active	NO
18	U45401TN1996PTC036342	ARUPPUKOTTAI BRICKS WORKS AND BUILDING CONSTRUCTION PRIVATE LIMITED	Director	19/08/1996	19/08/1996	-	Active	NO
19	U01119TN1996PTC036343	SRI SATHU AGRO FARMS PRIVATE LIMITED	Director	19/08/1996	19/08/1996	-	Active	NO
20	U17111TN1997PTC037769	JAYADEVI MILLS PRIVATE LIMITED	Director	20/03/1997	20/03/1997	-	Active	NO
21	U17111TN1999PTC042314	SHRI GOVINDARAJA TEXTILES PRIVATE LIMITED	Director	01/11/2006	21/04/1999	-	Active	NO

Name :	Mrs. Nirmala Dhinakaran
Designation :	Director
Address :	2, Vadugarkottari, Aruppukottai - 626101, Tamilnadu, India
Date of Birth/Age :	04.02.1942
Date of Appointment :	20.04.1987

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	U17112TN1980PLC008155	SHRI GOVINDARAJA MILLS LIMITED	Director	01/04/1987	01/04/1987	-	Active	NO
2	U65191TN1989PTC016706	ARUPPUKOTTAI SWARNALAKSHMI FINANCE PRIVATE LIMITED	Director	05/01/1989	05/01/1989	-	Active	NO
3	U51909TN1991PLC020287	RAMALINGA EXPORTS LTD	Director	11/02/1991	11/02/1991	-	Active	NO
4	U65191TN1980PTC008152	ARUPPUKOTTAI SRI JAYAVILAS FINANCE PRIVATE LIMITED	Director	22/03/1995	22/03/1995	-	Active	NO
5	U17111TN1951PLC002746	SHRI RAMALINGA MILLS LTD	Whole-time director	01/04/2008	22/03/1995	-	Active	NO
6	U65991TN1990PTC019522	SHRI RAMALINGA LEASING COMPANY PRIVATE LIMITED	Director	11/02/1996	11/02/1996	-	Active	NO
7	U45201TN1990PLC019812	SHRI RAMALINGA BUILDERS LTD.	Director	09/12/1996	09/12/1996	-	Active	NO
8	U17111TN1989PTC018061	SREE JEYA SOUNDHARAM TEXTILE MILLS PRIVATE LIMITED	Director	09/06/1997	09/06/1997	-	Active	NO
9	U65191TN1999PTC042795	SHRI RAMALINGA FINANCE PRIVATE LIMITED	Director	08/07/1999	08/07/1999	-	Active	NO
10	U17111TN1999PTC042793	ARUPPUKOTTAI SHRI RAMALINGA SPINNERS PRIVATE LIMITED	Director	08/07/1999	08/07/1999	-	Active	NO
11	U24117TN1990PTC019413	ARUPPUKOTTAI MARI CHEMICALS PRIVATE LIMITED.	Director	14/03/2001	14/03/2001	-	Active	NO
12	U17111TN2001PTC047049	SHRI GANESHRAM TEXTILES PRIVATE LIMITED	Director	30/04/2001	30/04/2001	-	Active	NO
13	U15314TN1982PTC009307	SHRI RAMALINGA FLOUR MILLS PRIVATE LIMITED	Director	20/09/2001	20/09/2001	-	Active	NO
14	U17111TN2004PTC053768	SRI AMRITHESHWARI SPINNING MILLS PRIVATE LIMITED	Director	19/07/2004	19/07/2004	-	Active	YES
15	U17111TN2005PTC058142	SRI RAMA DHOOTH MILLS PRIVATE LIMITED	Director	30/11/2005	30/11/2005	-	Active	NO
16	U60210TN1960PTC004043	NELLAI AUTOMOBILES PRIVATE LIMITED	Director	27/03/2006	27/03/2006	-	Active	NO
17	U60210TN1960PTC004114	MUHAVAI AUTO MOBILES PRIVATE LIMITED	Director	28/03/2006	28/03/2006	-	Active	NO
18	U27200TN1984PTC011013	ARUPPUKOTTAI SRI JAYAVILAS INVESTMENTS PRIVATE LIMITED	Director	21/01/2007	21/01/2007	-	Active	NO
19	U27310TN1995PTC032740	HARIHAR ALLOYS PRIVATE LIMITED	Director	19/06/2009	19/06/2009	03/02/2010	Active	NO

Name :	Mrs. Chempakdevi Raju Naidu
Designation :	Director
Address :	3, Vadugarkottari, Aruppukottai - 626101, Tamilnadu, India
Date of Birth/Age :	17.11.1945
Date of Appointment :	30.03.1995

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	U60221TN1951PLC000161	ARUPPUKOTTAI SRI JAYA VILAS LIMITED	Director	01/08/1986	01/08/1986	-	Active	NO
2	U65991TN1986PLC012678	SRI JAYAVILAS FINANCE COMPANY LTD	Director	10/09/1986	10/09/1986	-	Active	NO
3	U17112TN1980PLC008155	SHRI GOVINDARAJA MILLS LIMITED	Director	30/03/1995	30/03/1995	-	Active	NO
4	U17111TN1995PTC033832	SRI RAMALINGA TEXTILES P LTD	Director	12/12/1995	12/12/1995	-	Active	NO
5	U60210TN1995PTC033833	ARUPPUYKOTTAI SRIJAYAVILAS TRANSPORT P LTD	Director	12/12/1995	12/12/1995	-	Active	NO
6	U45401TN1996PTC036342	ARUPPUKOTTAI BRICKS WORKS AND BUILDING CONSTRUCTION PRIVATE LIMITED	Director	19/08/1996	19/08/1996	-	Active	NO
7	U01119TN1996PTC036343	SRI SATHU AGRO FARMS PRIVATE LIMITED	Director	19/08/1996	19/08/1996	-	Active	NO
8	U17111TN1997PTC037769	JAYADEVI MILLS PRIVATE LIMITED	Managing director	20/03/1997	20/03/1997	-	Active	NO
9	U17111TN1992PTC022984	SRI SATHU SPINNING MILLS PRIVATE LTD	Director	24/09/1998	24/09/1998	-	Active	NO
10	U17111TN1992PTC022526	SHRI JAYAVARTHAN SPINNING MILL PRIVATE LIMITED	Whole-time director	01/01/2010	09/12/1998	-	Active	NO
11	U17111TN1999PTC042314	SHRI GOVINDARAJA TEXTILES PRIVATE LIMITED	Director	21/04/1999	21/04/1999	-	Active	NO
12	U60210TN1979PTC007793	SRI VAIGAI TRANSPORTS PRIVATE LIMITED	Director	28/02/2000	28/02/2000	-	Active	NO
13	U27104TN1982PTC009175	SREE JAYA VILAS MALLEABLE CASTINGS PRIVATE LIMITED	Director	16/06/2006	16/06/2006	-	Active	NO

Name :	Mr. T R S Karthikeyan
Designation :	Director
Address :	12, P T Rajan Road,Mumbai – 625002
Date of Birth/Age :	27.02.1964
Date of Appointment :	20.04.1987

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	U60210TN1979PTC007792	SRI TIRUMALAI TRANSPORTS PRIVATE LIMITED	Director	14/04/1986	14/04/1986	-	Active	YES
2	U17112TN1980PLC008155	SHRI GOVINDARAJA MILLS LIMITED	Director	01/04/1987	01/04/1987	-	Active	NO
3	U65191TN1989PTC018291	SRI JAYAVILAS SUBBARAJ FINANCE PRIVATE LIMITED	Director	07/11/1989	07/11/1989	-	Active	YES
4	U17111TN1992PTC022984	SRI SATHU SPINNING MILLS PRIVATE LTD	Director	01/07/1992	01/07/1992	-	Active	NO
5	U60221TN1951PLC000161	ARUPPUKOTTAI SRI JAYA VILAS LIMITED	Whole-time director	28/11/2009	21/11/1994	-	Active	NO
6	U67120TN1995PTC030408	SREE KOPPAMMAL COTTON SPINNING MILLS PRIVATE LIMITED	Director	08/03/1995	08/03/1995	-	Active	NO
7	U15499TN1995PTC033167	SRI JAYAVILAS FARMS PRIVATE LIMITED	Director	09/10/1995	09/10/1995	-	Active	NO
8	U65993TN1996PTC036818	SHRI RAMALINGA INVESTMENTS PRIVATE LIMITED	Director	31/10/1996	31/10/1996	-	Active	YES
9	U15419TN1996PLC036817	ARUPPUKOTTAI SHRI RAMALINGA ROLLER FLOUR MILLS LIMITED	Director	31/10/1996	31/10/1996	24/02/2008	Active	NO
10	U17111TN1998PTC040453	SRIJAYAVILAS SUBBARAJ SPINNING MILLS PRIVATE LIMITED	Director	06/05/1998	06/05/1998	-	Active	NO
11	U60221TN2000PTC045233	SRI JAYAVILAS MOTOR SERVICES PRIVATE LIMITED	Director	22/06/2000	22/06/2000	-	Active	NO

Name :	Mrs. Krishnaveni Kannan
Designation :	Director
Address :	36, Vadugarkottari, Aruppukottai - 626101, Tamilnadu, India
Date of Birth/Age :	16.03.1957
Date of Appointment :	01.03.1991

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	U27104TN1961PTC004402	KOVILPATTI STEEL ROLLING INDUSTRIES PRIVATE LIMITED	Director	07/05/1979	07/05/1979	-	Active	NO
2	U60210TN1979PTC007793	SRI VAIGAI TRANSPORTS PRIVATE LIMITED	Director	18/05/1983	18/05/1983	20/04/2010	Active	NO
3	U60221TN1951PLC000161	ARUPPUKOTTAI SRI JAYA VILAS LIMITED	Director	01/08/1986	01/08/1986	-	Active	NO
4	U17112TN1980PLC008155	SHRI GOVINDARAJA MILLS LIMITED	Director	01/04/1987	01/04/1987	-	Active	NO
5	U27320TN1988PTC015559	SREE JAYA STEELS AND ALLIED INDUSTRIES PRIVATE LIMITED	Director	07/04/1988	07/04/1988	-	Active	NO
6	U51102TN1981PLC008702	SRI JAYAJOTHI & COMPANY LIMITED	Whole-time director	20/03/1995	20/03/1995	-	Active	NO
7	U17111TN1995PTC032148	JAYALAKSHMI TEXTILES PRIVATE LIMITED	Director	06/07/1995	06/07/1995	-	Active	NO
8	U17111TZ2002PTC010375	TELA FABRICS INDIA PRIVATE LIMITED	Director	25/11/2002	25/11/2002	-	Active	NO
9	U40101TN2002PTC049988	SRI JAYAJOTHI POWER MANAGEMENT COMPANY PRIVATE LIMITED	Director	05/12/2002	05/12/2002	-	Active	NO
10	U45202TN2004PTC054790	JAYANTHA FOUNDATIONS PRIVATE LIMITED	Whole-time director	01/12/2004	01/12/2004	-	Active	NO
11	U17112TN2005PTC055700	DIVYALAKSHMI TEXTILES PRIVATE LIMITED	Director	18/03/2005	18/03/2005	-	Active	NO
12	U29261TN2005PTC058043	ELECTRO JET MACHINERY PRIVATE LIMITED	Director	16/11/2006	16/11/2006	-	Active	NO
13	U02695TN2006PLC061729	SREE JAYAJOTHI CEMENTS LIMITED	Director	12/12/2006	12/12/2006	24/08/2009	Active	NO
14	U65191TN1994PLC028374	SHRI JAYAJOTHI FINANCE LIMITED	Director	05/01/2007	05/01/2007	-	Active	NO
15	U26941TN2008PLC067877	SREE JOTHI CEMENTS LIMITED	Director	26/05/2008	26/05/2008	-	Active	NO

Name :	Mrs. Jayaraman Seethalakshmi
Designation :	Director
Address :	51, Pillaiaar, Aruppukottai - 626101, Tamilnadu, India
Date of Birth/Age :	05.03.1988
Date of Appointment :	01.07.1991

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	U60201TN1979PTC007795	SRI VENKATACHALAPATHY TRANSPORTS PRIVATE LIMITED	Director	16/04/1979	16/04/1979	20/01/2008	Active	NO
2	U17112TN1980PLC008155	SHRI GOVINDARAJA MILLS LIMITED	Director	01/04/1987	01/04/1987	-	Active	NO
3	U25199TN1987PTC014565	SUNLITE RUBBERS PRIVATE LIMITED	Director	23/06/1987	23/06/1987	-	Active	NO
4	U51102TN1981PLC008702	SRI JAYAJOTHI & COMPANY LIMITED	Director	20/03/1995	20/03/1995	24/03/2011	Active	NO
5	U17111TN1989PTC017318	JAI JAGADHAMBIGA TEXTILE MILLS PRIVATE LIMITED	Director	28/09/1996	28/09/1996	-	Active	NO
6	U18101TN1996PTC035925	SREE ISWARYA TEXTILES PRIVATE LIMITED	Director	31/10/1996	31/10/1996	-	Active	NO
7	U17111TN1996PTC034526	SRI JAYA JOTHI TEXTILE MILLS P LTD	Director	31/10/1996	31/10/1996	-	Active	NO

Name :	Mr. Thathi Naicker Ramasamy Varadarajan Ramkumar
Designation :	Director
Address :	1, Vadugarkottari, Aruppukottai - 626101, Tamilnadu, India
Date of Birth/Age :	15.02.1975
Date of Appointment :	22.01.1999

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	U17111TN1997PTC037769	JAYADEVI MILLS PRIVATE LIMITED	Director	13/05/1998	13/05/1998	-	Active	NO
2	U17111TN1992PTC022984	SRI SATHU SPINNING MILLS PRIVATE LTD	Director	24/09/1998	24/09/1998	-	Active	NO
3	U17111TN1992PTC022526	SHRI JAYAVARTHAN SPINNING MILL PRIVATE LIMITED	Director	09/12/1998	09/12/1998	-	Active	NO
4	U17112TN1980PLC008155	SHRI GOVINDARAJA MILLS LIMITED	Whole-time director	22/01/2009	22/01/1999	-	Active	NO
5	U67120TN1987PLC015141	KELLYS BENEFIT FUND LTD	Director	18/08/2000	18/08/2000	18/08/2010	Active	NO
6	U60210TN1979PTC007793	SRI VAIGAI TRANSPORTS PRIVATE LIMITED	Director	28/08/2000	28/08/2000	-	Active	NO
7	U27104TN1982PTC009175	SREE JAYA VILAS MALLEABLE CASTINGS PRIVATE LIMITED	Director	16/06/2006	16/06/2006	-	Active	NO
8	U17111TN1999PTC042314	SHRI GOVINDARAJA TEXTILES PRIVATE LIMITED	Managing director	01/11/2006	01/11/2006	-	Active	NO

Name :	Mrs. Thathi Naicker Ramasamy Varadarajan Venkatalakshmi
Designation :	Director
Address :	38, Race Course Road, Coimbatore - 641018
Date of Birth/Age :	02.12.1970
Date of Appointment :	01.03.1991

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	U17112TN1980PLC008155	SHRI GOVINDARAJA MILLS LIMITED	Director	01/03/1991	01/03/1991	-	Active	NO
2	U65991TN1986PLC012678	SRI JAYAVILAS FINANCE COMPANY LTD	Director	20/03/1995	20/03/1995	-	Active	NO
3	U17111TN1992PTC022984	SRI SATHU SPINNING MILLS PRIVATE LTD	Director	24/09/1998	24/09/1998	-	Active	NO
4	U17111TN1995PTC033832	SRI RAMALINGA TEXTILES P LTD	Director	05/04/1999	05/04/1999	-	Active	NO
5	U65921TZ1989PTC002389	SILESH FINANCE COMPANY PRIVATE LIMITED	Whole-time director	05/03/2001	05/03/2001	-	Active	NO
6	U17121TZ1982PTC001230	KUMARAN YARN MERCERISING AND PROCESSING MILLS PRIVATE LIMITED	Director	12/11/2001	12/11/2001	-	Active	NO
7	U27104TN1982PTC009175	SREE JAYA VILAS MALLEABLE CASTINGS PRIVATE LIMITED	Director	16/06/2006	16/06/2006	-	Active	NO

Name :	Mrs. Varadarajan Pavarna
Designation :	Director
Address :	1, Vadugarkottari, Aruppukottai - 626101, Tamilnadu, India
Date of Birth/Age :	03.07.1979
Date of Appointment :	22.01.1999

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	U17111TN1992PTC022984	SRI SATHU SPINNING MILLS PRIVATE LTD	Director	24/09/1998	24/09/1998	-	Active	NO
2	U17112TN1980PLC008155	SHRI GOVINDARAJA MILLS LIMITED	Director	22/01/1999	22/01/1999	-	Active	NO
3	U27104TN1982PTC009175	SREE JAYA VILAS MALLEABLE CASTINGS PRIVATE LIMITED	Additional director	24/06/2009	24/06/2009	-	Active	NO

Top of Form

Bottom of Form

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 23.09.2010

Names of Shareholders	No. of Shares
T R Jayaraman	3660
T R Subburaj	60
T R Dhinakaran	3680
T R Varadarajan	3660
T R Kannan	3660
D Nirmala	1210
R Chempakdevi	1260
T R S Vijairan	2645
T R S Babu	2645
T R S Karthikeyan	2650
J Sree Rajasekaran	3360
T R D Senthilkuar	2610
Krishnaveni Kannan	1210
Jayaraman Seethalakshmi	980
T R V Ramkumar	2680
T R K Bakol	2380
T R D Kothari	500
T R V Venkatalakshmi	200
T R V Pavarna	200
Dhivya K Selvi	750
	40000

AS ON 23.09.2010

S. No.	Category	Percentage
1	Directors or relatives of Directors	100.00
	Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Yarns.

PRODUCTION STATUS AS ON 31.03.2010

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Unit I Production of Cotton Yarn	Spindles Rotors Kgs	70522 3000 ---	53856 1920 ---	-- -- 7954409
Unit II	Spindles	60000	54648	--
Weaving Division WFG Division	Looms 0.75 MW 1.65 MW	96 -- --	15 4 1	-- -- --

GENERAL INFORMATION

No. of Employees:

Not Divulged

Bankers :

Canara Bank, Sathyamoorthy Bazaar, Aruppukottai - 626101, Tamil Nadu, India

Financial Institution:

Sundaram Finance Limited, 21 Patullos Road, Chennai - 600002, Tamil Nadu, India

Facilities :

Particulars	31.03.2010 Rs. In Millions	31.03.2009 Rs. In Millions
Secured Loan
i) From Canara Bank, APK (On the hypothecation of plant and machinery purchased under the TUF scheme and at the equitable mortgage of land and building of Paripassu with IDBI) ii) From Canara bank, APK (On the hypothecation of plant and machinery purchased under the TUF scheme) iii) From Canara bank, APK (On the hypothecation of plant and machinery purchased under the TUF scheme) iv) From Canara bank, APK (On the hypothecation of plant and machinery) v) From Axis Bank, Chennai (On the hypothecation of plant and machinery purchased under the TUF scheme) vi) From Axis Bank, Chennai (On the hypothecation of plant and machinery purchased under the TUF scheme) vii) From SBI – Madhurai (On the hypothecation of plant and machinery purchased under the TUF scheme) Viii) KCC Loan from SBI (On the hypothecation of stock in trade and receivable and second charges an the equitable mortgage of land and building) ix) KCC Loan from SBI (On the hypothecation of stock in trade and receivable and second charges an the equitable mortgage of land and building) x) KCC Loan from IDBI – Chennai (On the hypothecation of stock in trade and receivable and second charges an the equitable mortgage of land and building) ix) KCC Loan from IDBI – Chennai (On the hypothecation of stock in trade and receivable and second charges an the equitable mortgage of land and building) xi) KCC Loan from TMBL – APK (On the hypothecation of stock in trade and receivable and second charges an the equitable mortgage of land and building) xii) WC Loan From Canara Bank – APK (On the hypothecation of stock in trade and receivable and second charges an the equitable mortgage of land and building) i) Open Cash Credit A/c ii) Export Packing Credit iii) PCFC xiv) Deffered Credits: (On the hypothecation of plant and machinery) From Financial Institution:	127.200 63.323 483.684 79.000 43.589 33.608 117.967 0.000 27.740 0.000 95.520 88.036 242.192 99.318 77.572 7.009	126.503 62.402 461.790 78.065 59.410 40.009 120.128 66.313 0.000 73.550 0.000 0.000 244.695 96.988 -- 9.486
Total	1585.821	1439.339
Unsecured Loan	31.03.2010 Rs. In Millions	31.03.2009 Rs. In Millions
Loan From Companies Loan From Directors Loan From Shareholders Loan From Banks Loan From Others From Public Fixed Deposits Cash Certificate Deposit	478.182 15.595 9.348 101.495 27.112 12.938 37.144	386.279 31.333 11.663 85.918 28.713 13.906 41.604
Total	682.016	513.497

Banking Relations :	---
Auditors :
Name :	Sukumar and Associates Chartered Accountant
Address :	#29, Old (#7), Devudi Street, Mylapore, Chennai – 600004, India
Associates/Subsidiaries :	NA

CAPITAL STRUCTURE

As on 31.03.2009

Authorised Capital :

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

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
40000	Equity Shares	Rs.100/- each	Rs.4.000 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		4.000	4.000	4.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		142.104	121.811	188.230
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		146.104	125.811	192.230
LOAN FUNDS
1] Secured Loans		1585.821	1439.340	1253.764
2] Unsecured Loans		682.016	513.498	314.639
TOTAL BORROWING		2267.837	1952.838	1568.403
DEFERRED TAX LIABILITIES		125.754	134.896	74.760
TOTAL		2539.992	2213.545	1835.393
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1133.637	1305.247	1222.756
Capital work-in-progress		14.539	10.147	7.488
INVESTMENT		10.037	0.036	0.036
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	800.291	410.951	494.005
	Sundry Debtors	281.133	228.892	234.002
	Cash & Bank Balances	59.775	53.781	62.266
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	546.572	607.307	370.676
Total Current Assets		1687.771	1300.931	1160.949
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors
	Other Current Liabilities	269.237	368.502	522.276
	Provisions	36.755	34.314	33.560
Total Current Liabilities		305.992	402.816	555.836
Net Current Assets		1381.779	898.115	605.113
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		2539.992	2213.545	1835.393

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	1984.619	1527.852	1474.201
		Other Income	44.263	26.580	38.854
		TOTAL (A)	2028.882	1554.432	1513.055
Less	EXPENSES
		Raw Material Consumed	934.433	759.275	731.791
		Yarn Purchased	37.250	29.167	34.027
		Manufacturing Expenses	545.664	448.877	379.464
		Administrative and Others Expenses	45.743	43.733	40.670
		Selling and Distribution Expenses	61.622	94.753	76.441
		Increase/(Decrease) in Finished Goods	72.107	14.292	(29.139)
		TOTAL (B)	1696.819	1390.097	1233.254
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		332.063	164.335	279.801
Less	FINANCIAL EXPENSES (D)		138.713	135.288	105.648
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		193.350	29.047	174.153
Less/ Add	DEPRECIATION/ AMORTISATION (F)		179.461	190.986	210.298
	PROFIT BEFORE TAX (E-F) (G)		13.889	(161.939)	(36.145)
Add:	PRIOR PERIOD DEPN ADD BACK		0.000	156.411	0.000
Less	TAX (I)		(6.701)	60.890	20.996
	PROFIT AFTER TAX (G-I) (J)		20.590	(66.418)	(57.141)
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	401.546	372.183	447.415
	TOTAL EARNINGS		401.546	372.183	447.415

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	1.01	(10.93)	(3.77)
Net Profit Margin (PBT/Sales)	(%)	0.70	(10.59)	(2.45)
Return on Total Assets (PBT/Total Assets}	(%)	0.49	(6.21)	(1.51)
Return on Investment (ROI) (PBT/Networth)		0.09	(1.28)	(0.18)
Debt Equity Ratio (Total Liability/Networth)		17.61	18.72	11.05
Current Ratio (Current Asset/Current Liability)		5.52	3.22	2.08

LOCAL AGENCY FURTHER INFORMATION

OPERATIONS:

The working of the company for the year resulted in a profit of s.13.883 Millions before depreciation, and financial expenses as against a loss of Rs. 161.939 Millions before depreciation and financial expenses for the previous year. During the year the turnover of the company has reached Rs. 1984.000 Millions recording an increase of 29.85% compared to the previous year's turnover of Rs.1527.900 Millions. The improved result was possible due to increase m yarn selling rate in the second half of the year. Inspite of the draging conditions like continued powercut, withdrawl of export benefits Like DEPB, reduction in Duty Draw Back benefits, increased raw material and labour cool, the better result is also due to general recovery in the international and Indian economic scenario. Modernisation and expansion programs undertaken under TUF schemes, judicious utilisation of available resources, outsourcing for the required power, continuation in the economic recovery of the country were also reasons for the improved working results. The directors hope for the better results in the current year.

Form 8:

Corporate identity number of the company	U17112TN1980PLC008155
Name of the company	SHRI GOVINDARAJA MILLS LIMITED
Address of the registered office or of the principal place of business in India of the company	R-S-1, Sayalgudi Road, Sawaspuram Village, Aruppukottai – 626159, Tamil Nadu, India
This form is for	Modification of charge
Type of charge	Book Debts Movable Property
Particular of charge holder	CANARA BANK
Nature of instrument creating charge	Supplemental Common Hypothecation Agreement, evidencing sanction of reduced limits of Rs.207.25 Cr. to the Company. There being no change in the limits of Rs.2.030 Millions sanctioned to the Company's director Mr. T.R. Varadarajan, which is also secured by the Co.'s immovable properties, no fresh document is warranted for the said limit. Thus the overall limit secured by the charge is Rs.2074.530 Millions.
Date of instrument Creating the charge	04/07/2011
Amount secured by the charge	Rs.2074.530 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest 1.OCC/ODBD/PC/PCFC/ FCLR/FDB/FBE/BE/TL I to IV/OCC(ST) - There is no change in the existing sanction as to pricing 2.OCC(Adhoc) of Rs.22.500 Millions.- 2% above the existing Rate of Interest Ter1.OCC/ODBD/PC/PCFC/ FCLR/FDB/FBE/BE/TL I to IV/OCC(ST) - There is no change in the existing sanction stipulations 2.OCC(Adhoc) of Rs.22.500 Millions.- Repayable on Demand. The facility is valid for 90 days from the date of disbursement Margin 1.OCC/ODBD/PC/PCFC/ FCLR/FDB/FBE/BE/ BRD/FLC/ILC/ BG - There is no change in the existing sanction stipulations 2.TL I to IV-There is no change in the existing sanction stipulations 3.OCC(ST) of Rs.25 Cr.- 25% on Raw Materials 4.OCC(Adhoc) of Rs.22.500 Millions.- Not Less than 25%
Short particulars of the property charged	Hypothecation of Stock Book Debts Machineries Other Movable Assets and EM on company s Immovable Properties/ Lease-hold Rights
Date of instrument modifying the charge	08/02/2011
Particulars of the present modification	Overall Limit is reduced from Rs.2252.030 Millions. to Rs.207.4530Cr. Extn.of Hyp. as EXCLUSIVE FIRST CHARGE on the Co. s Stocks, B.D.,P and M and other movable fixed assets (Other than those financed by Axis Bank Ltd., Chennai and SBI, Com.Br. Mdu) as security for the reduced Limits of Rs.20.725 Millions of Co(Excl. Rs.2.030 Millions being AL-TL sanctioned to Mr. T R Varadhararajan) together with int. cost and all other monies due from the co. All other terms and conditions, incl. other existing securities, remain unaltered.

Corporate identity number of the company	U17112TN1980PLC008155
Name of the company	SHRI GOVINDARAJA MILLS LIMITED
Address of the registered office or of the principal place of business in India of the company	R-S-1, Sayalgudi Road, Sawaspuram Village, Aruppukottai – 626159, Tamil Nadu, India
This form is for	Modification of charge
Type of charge	Immovable Property Any interest in immovable property Movable Property Floating Charge
Particular of charge holder	CANARA BANK
Nature of instrument creating charge	1. Agreement for Creating second charge on Movable Property 2. Letter No.AXISB/CHN/CMC / 2009-10 date: 30.09.09 from Axis Bank Anna Salai Chennai ceding Second Charge on Fixed Assets .
Date of instrument Creating the charge	30/09/2009
Amount secured by the charge	Rs.1.760 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest 1.OCC/ODBD/TL I to IV - There is no change in the existing sanction stipulations 2.FCLR/FDB/FBE/Disc.Bill/ Buyer s credit- As per extant guidelines of RBI / Bank Terms of Repayment OCC/ ODBD/ PC/ FCLR/ FDB /FBE /Disc Bill/ FLC/ILC/ BG/ TL I to VI - There is no change in the existing sanction stipulations Margin FDB/ FBE Sub Limit Disc.Bill - There is no change in the existing sanction stipulations Extent and Operation of the charge AS PER ATTACHMENT Others FDB/ FBE- Sub Limit Disc.Bill - There is no change in the existing sanction stipulations
Description of the property charged indicating whether it is a charged on	Hypothecation of Stock Book Debts Machineries Other Movable Assets and EM on company s Immovable Properties FULL DETAILS AS PER ATTACHMENT
Date of instrument modifying the charge	01/09/2009
Particulars of the present modification	Overall Limit remains unchanged at Rs.1760.530 Millions. Creation of Hypothecation as Second Charge First Charge being in favour of AXIS Bank Ltd, Anna Salai, Chennai, for their TL I Rs.50.000 Millions and TL II Rs.785Lacs on machineries kept in windmill and other places, as security for Rs.1758.500 MILLIONS excluding loan sanctioned of Rs.2.030 Millions to Mr T R Vardarajan together with interest cost charges and other expenses which may accrue and/or be debited to the company s accounts from time to time

Fixed Assets:

• Land
• Building
• Machinery
• Imported machinery
• Testing Machinery
• Electrical Machinery
• Generator
• Electrical Fittings
• Office Machinery
• Furniture and Fixtures
• Vehicles
• Lorry
• Bus
• Tractor
• Tools

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.47.80
UK Pound	1	Rs.76.16
Euro	1	Rs.65.11

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		47

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.