MIRA INFORM REPORT

Report Date :

16.09.2011

IDENTIFICATION DETAILS

Name :	PRABHU POLY COLOR PRIVATE LIMITED
Registered Office :	Chatterjee International Centre, 33A, J. L. Nehru Road, 12^th Floor, Room No. 07, Kolkata – 700071, West Bengal
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	19.04.2005
Com. Reg. No.:	21-102752
Paid-up Capital :	Rs. 6.652 Millions
CIN No.: [Company Identification No.]	U25209WB2005PTC102752
TAN No.: [Tax Deduction & Collection Account No.]	CALP06178E
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Masterbatches, Additives and Compounds which caters to the various coloring requirements of plastic processing industries
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 135000
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 commitment. 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 – 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

LOCATIONS

Registered Office :	Chatterjee International Centre, 33A, J. L. Nehru Road, 12^th Floor, Room No. 07, Kolkata – 700071, West Bengal, India
Tel. No.:	91-33-30482800/1801
Fax No.:	91-33-30481802
E-Mail :	mail@cmimpex.com
Website :	www.prabhupolycolor.com
Factory :	No.13, Ponniamman Nagar, Ayanambakkam, Chennai 600 095, Tamilnadu, India
Tel. No.:	91-44-26533929 / 37
Fax No.:	91-44-26533954
E-Mail :	prabhupoly@vsnl.net prabhupoly@yahoo.co.in
Distributor :	MULTIPLAST S. No. 692/4, Adinath Nagar, Opposite Century Enka Colony No. 2, Bhosari, Pune 411 039, Maharashtra, India
Tel. No.:	91-20-27110995/2711 1995
E-Mail :	bachhawatinc@gmail.com
Dealers Outside India :	MP TRADING LLC P.O Box: 57981 Dubai, UAE
Tel. No.:	00971-4-3538012 / 2711042
Fax No.:	00971-4-3538012 / 2711042
E-Mail :	mpt@emirates.net.ae

DIRECTORS

As On 30.09.2010

Name :	Mr. Vikash Hari Mohan Marda
Designation :	Director
Address :	Manit Towers, 6UA, 31/41, Vinoba Bhave Road, Kolkata – 700038, West Bengal, India
Date of Birth/Age :	02.06.1973
Date of Appointment :	04.05.2009
DIN No.:	01485236

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	U74140WB1994PTC062047	Chandra Mukhi Impex Private Limited	Director	2.05.2007	2.05.2007	Active	NO
2	U25209WB2005PTC105383	Prabhu Poly Pipes Private Limited	Director	1.12.2007	1.12.2007	Active	NO
3	U27102OR2001PTC006580	Prabhu Sponge Private Limited	Director	15.03.2009	15.03.2009	Active	NO
4	U25209WB2005PTC102752	Prabhu Poly Color Private Limited	Director	4.05.2009	4.05.2009	Active	NO
5	U65993WB1996PTC081597	Meghdoot Finvest Private Limited	Director	1.08.2009	1.08.2009	Active	NO
6	U65993WB1989PTC046557	Dasham Marketting and Finance Private Limited	Director	10.08.2009	10.08.2009	Active	NO
7	U45400WB2009PTC137777	C. M. Properties Private Limited	Director	14.08.2009	14.08.2009	Active	NO
8	U45400WB2009PTC137779	Sunhari Properties Private Limited	Director	14.08.2009	14.08.2009	Active	NO
9	U65999WB1996PTC082077	D P Fiscal Services Private Limited	Director	1.02.2010	1.02.2010	Active	NO
10	U51109WB2008PTC129867	Sheraa Exports Private Limited	Director	19.05.2010	19.05.2010	Active	NO

Name :	Mr. Saharsh Sunil Kumar Poddar
Designation :	Director
Address :	DB-37, Salt Lake City, Sector –I, Kolkata – 700064, West Bengal, India
Date of Birth/Age :	12.12.1983
Date of Appointment :	04.05.2009
DIN No.:	00783465

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	U67120WB1994PTC065774	Gokul Trexim Private Limited	Director	24.07.2003	24.07.2003	-	Active	NO
2	U70101WB1986PTC040695	Classic Appartments Private Limited	Director	20.12.2004	20.12.2004	-	Active	NO
3	U74140WB1994PTC062047	Chandra Mukhi Impex Private Limited	Director	1.12.2005	1.12.2005	-	Active	NO
4	U65999WB1996PTC082077	D P Fiscal Services Private Limited	Director	1.12.2006	1.12.2006	-	Active	NO
5	U67120WB1996PTC081589	Vikram Finvest Private Limited	Director	3.05.2007	3.05.2007	21.04.2008	Active	NO
6	U67120WB1988PTC043683	Saharsh Marketing and Finance Private Limited	Director	1.12.2007	1.12.2007	-	Active	NO
7	U51909WB1992PTC056484	Welford Distributors Private Limited	Director	1.12.2007	1.12.2007	-	Active	NO
8	U25209WB2005PTC105383	Prabhu Poly Pipes Private Limited	Director	1.12.2007	1.12.2007	-	Active	NO
9	U65993WB1989PLC047508	Sansun Fiscal Services Limited	Director	1.12.2007	1.12.2007	-	Active	NO
10	U27102OR2001PTC006580	Prabhu Sponge Private Limited	Director	15.03.2009	15.03.2009	-	Active	NO
11	U25209WB2005PTC102752	Prabhu Poly Color Private Limited	Director	4.05.2009	4.05.2009	-	Active	NO
12	U65993WB1996PTC081806	Mangalam Trafin Private Limited	Director	1.08.2009	1.08.2009	-	Active	NO
13	U65993WB1996PTC081597	Meghdoot Finvest Private Limited	Director	1.08.2009	1.08.2009	-	Active	NO
14	U65993WB1989PTC046557	Dasham Marketting and Finance Private Limited	Director	10.08.2009	10.08.2009	-	Active	NO
15	U45400WB2009PTC137777	C. M. Properties Private Limited	Director	14.08.2009	14.08.2009	-	Active	NO
16	U45400WB2009PTC137779	Sunhari Properties Private Limited	Director	14.08.2009	14.08.2009	-	Active	NO
17	U51109WB2008PTC129867	Sheraa Exports Private Limited	Director	19.05.2010	19.05.2010	-	Active	NO

Name :	Mr. Shew Ratan Marda
Designation :	Additional Director
Address :	Mani Towers, Flat – 6UA, 31/41, Vinoba Bhave Road, Kolkata - 700038, West Bengal, India
Date of Birth/Age :	07.03.1945
Date of Appointment :	02.05.2005
DIN No.:	00783542

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	U67120MH1996PTC193934	Supra Trafin Private Limited	Director	4.10.1996	4.10.1996	3.03.2008	Active	NO
2	U65993WB1996PTC081802	Deluxe Leafin Private Limited	Director	17.10.1996	17.10.1996	-	Amalgamated	NO
3	U65999WB1996PTC081955	Coschem Finvest Private Limited	Director	7.11.1996	7.11.1996	-	Amalgamated	NO
4	U25209WB2005PTC102752	Prabhu Poly Color Private Limited	Director	2.05.2005	2.05.2005	-	Active	NO

Name :	Mr. Hari Mohan Marda
Designation :	Director
Address :	Mani Towers, Flat – 6UA, 31/41, Vinoba Bhave Road, Kolkata - 700038, West Bengal, India
Date of Birth/Age :	01.01.1943
Date of Appointment :	19.04.2005
DIN No.:	00855466

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	U70101WB1994GAP061572	Mani Towers Flat Owners Association	Director	30.09.2000	30.09.2000	20.12.2010	Active	YES
2	U18101WB1998PTC087302	Frontier Garment Private Limited	Director	11.04.2002	11.04.2002	-	Active	NO
3	U27102OR2001PTC006580	Prabhu Sponge Private Limited	Director	1.03.2003	1.03.2003	-	Active	NO
4	U74140WB1994PTC062047	Chandra Mukhi Impex Private Limited	Director	3.02.2004	3.02.2004	-	Active	NO
5	U25209WB2005PTC102752	Prabhu Poly Color Private Limited	Director	19.04.2005	19.04.2005	-	Active	NO
6	U25209WB2005PTC105383	Prabhu Poly Pipes Private Limited	Director	14.09.2005	14.09.2005	-	Active	NO
7	L21019WB1981PLC034161	Emami Paper Mills Limited	Director	17.07.2009	27.01.2009	-	Active	NO
8	U45200WB2006PLC111894	Emami Realty Limited	Director	30.09.2010	25.01.2010	-	Active	NO
9	L45400WB2008PLC121426	Emami Infrastructure Limited	Director	16.09.2010	25.01.2010	-	Active	NO
10	U51109WB2008PTC129867	Sheraa Exports Private Limited	Director	19.05.2010	19.05.2010	-	Active	NO
11	L24239WB1919PLC136397	Zandu Realty Limited	Director	10.08.2010	26.05.2010	-	Active	NO

Name :	Mr. Sunil Kumar Poddar
Designation :	Director
Address :	DB-37, Salt Lake City, Sector – I, Kolkata – 700064, West Bengal, India
Date of Birth/Age :	05.11.1957
Date of Appointment :	19.04.2005
DIN No.:	00783366

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	U67120WB1988PTC043858	Deepa Holding Private Limited	Director	26.02.1988	26.02.1988	3.09.2008	Active	NO
2	U65993WB1989PLC047508	Sansun Fiscal Services Limited	Director	1.09.1989	1.09.1989	-	Active	NO
3	U65993WB1991PTC050642	Banshi Fiscal Services Private Limited	Director	11.01.1991	11.01.1991	-	Amalgamated	NO
4	U51909WB1992PTC056484	Welford Distributors Private Limited	Director	22.01.1993	22.01.1993	-	Active	NO
5	U51909WB1992PTC056223	Bright Impex and Agencies Private Limited	Director	25.02.1993	25.02.1993	3.03.2008	Active	YES
6	U51109WB1992PTC056437	Tropex Marketing Private Limited	Director	20.12.1993	20.12.1993	-	Amalgamated	NO
7	U51109WB1988PTC045044	Akpk Associates Private Limited	Director	20.12.1993	20.12.1993	-	Amalgamated	NO
8	U51109WB1992PTC056199	Gajra Trexim Private Limited	Director	20.12.1993	20.12.1993	-	Amalgamated	NO
9	U74140WB1994PTC062047	Chandra Mukhi Impex Private Limited	Director	2.03.1994	2.03.1994	-	Active	NO
10	U67120WB1994PTC063820	Olipha Trading and Investments Private Limited	Director	5.07.1994	5.07.1994	21.02.2008	Active	NO
11	U67120WB1996PTC081589	Vikram Finvest Private Limited	Director	4.10.1996	4.10.1996	9.08.2008	Active	NO
12	U65993WB1996PTC081806	Mangalam Trafin Private Limited	Director	17.10.1996	17.10.1996	-	Active	NO
13	U67120WB1987PTC043067	Cee Empee Investments Private Limited	Director	3.11.1998	3.11.1998	-	Active	NO
14	U67120WB1986PTC041602	Sankam Trading and Investments Private Limited	Director	21.12.1999	21.12.1999	-	Amalgamated	NO
15	U65993WB1989PTC046568	Karishma Business and Finance Private Limited	Director	21.12.1999	21.12.1999	-	Amalgamated	NO
16	U34103WB1959PTC024365	Bengal Credit Corporation Private Limited	Director	11.01.2001	11.01.2001	3.10.2007	Active	NO
17	U34103WB1951PTC019638	J P Engineering Corpn Private Limited	Director	31.03.2001	31.03.2001	1.01.2008	Active	YES
18	U18101WB1998PTC087302	Frontier Garment Private Limited	Director	11.04.2002	11.04.2002	-	Active	NO
19	U27102OR2001PTC006580	Prabhu Sponge Private Limited	Director	1.03.2003	1.03.2003	-	Active	NO
20	U65999WB1993PTC060607	Sangir Financial Services Private Limited	Director	2.01.2004	2.01.2004	-	Active	NO
21	U70101WB1986PTC040695	Classic Appartments Private Limited	Director	20.12.2004	20.12.2004	-	Active	NO
22	U25209WB2005PTC102752	Prabhu Poly Color Private Limited	Director	19.04.2005	19.04.2005	-	Active	NO
23	U25209WB2005PTC105383	Prabhu Poly Pipes Private Limited	Director	14.09.2005	14.09.2005	-	Active	NO
24	U65999WB1996PTC082077	D P Fiscal Services Private Limited	Director	1.12.2006	1.12.2006	-	Active	NO
25	U67120WB1988PTC043683	Saharsh Marketing and Finance Private Limited	Director	1.12.2007	1.12.2007	-	Active	NO
26	U51109WB2008PTC129867	Sheraa Exports Private Limited	Director	19.05.2010	19.05.2010	-	Active	NO
27	L19129WB1991PLC051486	Metropoli Overseas Limited	Director	13.05.2011	13.05.2011	-	Active	NO

Name :	Mr. Sanjay Marda
Designation :	Director
Address :	Mani Towers, Flat – 6UA, 31/41, Vinoba Bhave Road, Kolkata - 700038, West Bengal, India
Date of Birth/Age :	01.09.1967
Date of Appointment :	19.04.2005
DIN No.:	00783575

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	U65993WB1989PTC046557	Dasham Marketting and Finance Private Limited	Director	12.04.1993	12.04.1993	-	Active	NO
2	U67120WB1986PTC041602	Sankam Trading and Investments Private Limited	Director	12.04.1993	12.04.1993	-	Amalgamated	NO
3	U65993WB1989PTC046568	Karishma Business and Finance Private Limited	Director	12.04.1993	12.04.1993	-	Amalgamated	NO
4	U51109WB1988PTC045044	Akpk Associates Private Limited	Director	20.12.1993	20.12.1993	-	Amalgamated	NO
5	U67120WB1994PTC063820	Olipha Trading and Investments Private Limited	Director	5.07.1994	5.07.1994	21.02.2008	Active	NO
6	U67120MH1996PTC193934	Supra Trafin Private Limited	Director	4.10.1996	4.10.1996	3.03.2008	Active	NO
7	U65993WB1996PTC081802	Deluxe Leafin Private Limited	Director	17.10.1996	17.10.1996	-	Amalgamated	NO
8	U65999WB1996PTC081955	Coschem Finvest Private Limited	Director	7.11.1996	7.11.1996	-	Amalgamated	NO
9	U67120WB1988PTC043858	Deepa Holding Private Limited	Director	28.05.1997	28.05.1997	3.09.2008	Active	NO
10	U25209WB2005PTC102752	Prabhu Poly Color Private Limited	Director	19.04.2005	19.04.2005	-	Active	NO
11	U45400WB2009PTC137777	C. M. Properties Private Limited	Director	15.03.2010	15.03.2010	-	Active	NO
12	U45400WB2009PTC137779	Sunhari Properties Private Limited	Director	15.03.2010	15.03.2010	-	Active	NO

Name :	Mr. Manish Khanna
Designation :	Director
Address :	1-C, Senthil Apartment, Phase II, M. M. Avenue, VGP Nagar, Mogappair, Chennai – 600037, Tamilnadu, India
Date of Birth/Age :	19.01.1972
Date of Appointment :	19.04.2005
DIN No.:	01767014

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	U25209WB2005PTC102752	Prabhu Poly Color Private Limited	Director	19.04.2005	19.04.2005	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As On 30.09.2010

Names of Shareholders	No. of Shares
Marda Mohan Hari	6900
Poddar Kumar Sunil	77000
Marda Sanjay	1100
Khanna Manish	100
Marda Ratan Shew	100
Marda Rina	1000
Marda Avinash	1000
Marda Pramila	1000
Marda Ritu	1000
Marda Samir	1000
Poddar Saharsh	2000
Poddar Sangeeta	52000
Poddar Murlidhar	3000
Chandramukhi Impex Private Limited – India	80000
Welford Distributors Private Limited – India	64000
Sansun Fiscal Services Limited – India	60000
Saharsh Marketing and Finance Private Limited – India	60000
Sunhari Properties Private Limited – India	54000
Classic Appartment Private Limited – India	60000
CM Properties Private Limited – India	50000
Pearl Tracon Private Limited – India	50000
Ruby Commerce Private Limited – India	40000
Total	665200

As On 30.09.2010

Category	Percentage
Bodies corporate	78.00
Directors or relatives of Directors	22.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Masterbatches, Additives and Compounds which caters to the various coloring requirements of plastic processing industries

Products :

Item Code No.	Product Description
0124	Master Batch

PRODUCTION STATUS (As On 31.03.2010)

Particulars	Unit	Installed Capacity	Actual Production
Polyethylene Color Granules, Additives and Compounds	MT	3600	2567

(a) Installed capacity is as certified by the management and accepted by the auditors, being a technical matter.

(b) On two-shift basis: Six days a week.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Vijaya Bank – Industrial Finance Branch, 182, Poonamallee High Road, Chennai – 600010, Tamilnadu, India

· Dena Bank – Alwarpet, Chennai – 600095, Tamilnadu, India

· Citi Bank – Chowringhee Road, Kolkata, West Bengal, India

Facilities :

Secured Loans	31.03.2010 (Rs. In Millions)	31.03.2009 (Rs. In Millions)
From Banks
Term Loan	16.384	9.187
Cash Credit	35.943	33.875
Total	52.327	43.062

Unsecured Loans	31.03.2010 (Rs. In Millions)	31.03.2009 (Rs. In Millions)
From Companies	8.475	7.425
Interest accrued and due thereon	0.000	0.591
Total	8.475	8.016

Banking Relations :	--
Auditors :
Name :	A. K. Kataruka and Company Chartered Accountant
Address :	46, B. B. Ganguly Street, Kolkata – 700001, West Bengal, India
Pan No.:	AAJFA5260D

CAPITAL STRUCTURE

As On 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
750000	Equity Shares	Rs. 10/- each	Rs. 7.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
665200	Equity Shares	Rs. 10/- each	Rs. 6.652 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		6.652	6.652	6.652
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		27.272	22.683	20.840
4] (Accumulated Losses)		0.000	0.000	(1.687)
NETWORTH		33.924	29.335	25.805
LOAN FUNDS
1] Secured Loans		52.327	43.062	41.039
2] Unsecured Loans		8.475	8.016	9.269
TOTAL BORROWING		60.802	51.078	50.308
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		94.726	80.413	76.113
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		36.209	27.454	25.345
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	28.605	20.303	21.486
	Sundry Debtors	45.189	35.604	31.539
	Cash & Bank Balances	5.890	5.239	4.578
	Other Current Assets	1.996	1.378	1.228
	Loans & Advances	4.539	5.361	6.059
Total Current Assets		86.219	67.885	64.890
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	22.933	11.282	12.835
	Other Current Liabilities	4.125	3.077	1.281
	Provisions	0.654	0.604	0.071
Total Current Liabilities		27.712	14.963	14.187
Net Current Assets		58.507	52.922	50.703
MISCELLANEOUS EXPENSES		0.010	0.037	0.065
TOTAL		94.726	80.413	76.113

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income
		Other Income
		TOTAL	186.683	155.150	120.273
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL	173.754	142.873	112.331
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		12.929	12.277	7.942
Less	FINANCIAL EXPENSES
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		NA	NA	NA
Less/ Add	DEPRECIATION/ AMORTISATION
	PROFIT BEFORE TAX		4.238	4.064	1.221
Less	TAX		(0.350)	0.534	0.042
	PROFIT AFTER TAX		4.588	3.530	1.179
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		1.843	(1.687)	(2.866)
	BALANCE CARRIED TO THE B/S		6.431	1.843	(1.687)
	EARNINGS IN FOREIGN CURRENCY		25.765	23.132	22.180
	Earnings Per Share (Rs.)		6.90	5.31	1.77

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	2.64	2.28	0.98
Return on Total Assets (PBT/Total Assets}	(%)	3.46	4.26	1.35
Return on Investment (ROI) (PBT/Networth)		0.12	0.14	0.05
Debt Equity Ratio (Total Liability/Networth)		2.61	2.25	2.50
Current Ratio (Current Asset/Current Liability)		3.11	4.54	4.57

LOCAL AGENCY FURTHER INFORMATION

Note:

The Registered Office of the company has been shifted from 33A, J L Nehru Road, 12^th Floor, Suite No. 13, Kolkata – 700071, West Bengal, India to the present address w.e.f 06.07.2009.

Working

The working of the Company has substantially improved during the year the profit for the year before depreciation, interest and tax increased from Rs.12.277 millions to Rs.12.929 millionss and the net profit increased from 3.530 millions to Rs.4.588 millions.

Contingent liability not provided for in the accounts: Rs. 5.154 millions (Pr. Yr. Rs. 2.822 millions)

Form 8:

Corporate identity number of the company

U25209WB2005PTC102752

Name of the company

Prabhu Poly Color Private Limited

Address of the registered office or of the principal place of business in India of the company

Chatterjee International Centre, 33A, J. L. Nehru Road, 12th Floor, Room No- 07, Kolkata - 700071, West Bengal, India

This form is for

Modification of charge

Type of charge

Book Debts

Movable Property

Floating Charge

Particular of charge holder

Name :	Vijaya Bank
Address :	Industrial Finance Branch, 182, Poonamallee High Road, Chennai – 600010, Tamilnadu, India
Email :	che.ifb3042@vijayabank.co.in

Nature of instrument creating charge

Supplementary Agreement

Date of instrument Creating the charge

18.11.2010

Amount secured by the charge

Rs. 72.866 Millions

Brief of the principal terms an conditions and extent and operation of the charge

Rate of Interest - As per sanction letter and as determined by the banker from time to time.

Terms of Repayment - As per sanction letter and as determined by the banker from time to time.

Margin - As per sanction letter and as determined by the banker from time to time.

Extent and Operation of the charge

Others

Date of instrument modifying the charge

15.11.2010

Particulars of the present modification

a) Addtional security has been offered by way of Hypothecation of Stocks, Book Debts, Receivables, plant and Machineries and other current assets of the company to secure the existing credit facilities of Rs.72.866 millions together with interest, cost and charges thereon.

b) All other existing securities shall continue.

c) All other terms and conditions of the original charge and subsequent modification remains the same.

Fixed Assets:

· Factory Building

· Plant and machinery

· Electrical equipments / cables

· Furniture and fixtures

· Motor vehicles

· Office equipments

· Air conditioners and refrigerator

· Computers

AS PER WEBSITE DETAILS

PROFILE:

Subject is a leading manufacturer of Masterbatches, Additives and Compounds which caters to the various coloring requirements of plastic processing industries. A Company specialized in the production of high quality Masterbatches and speciality additives now together with compounds especially for plastic industries has an installed production capacity of 8000 TPA. Customer satisfaction is the prime motive of Prabhu Poly color and it offers readymade colouring solutions for plastics.

The company belongs to CMI group of Kolkata having diversified business interests in the manufacture and exports of industrial garments and leather hand gloves, exports of cosmetics and toiletries and manufacturing of Sponge Iron. The parent company is a Government of India recognized Star One Export House. The group has representation in CIS Countries, Middle East and in Europe catering to various customers. The Directors of the Company have long business experience both in India and abroad.

Subject has Chartered Accountants and a Plastic technologist with MBA on its Board and is backed by a strong team of professionals having long experience in the field to oversee the entire operations.

The products find immense application in various industries. The products cover such diverse fields ranging from packaging, moulding, medical and health care to wires and cables. Today, the company, under the able guidance and leadership of its Directors is looking forward to widen both its domestic and international reach.

Backed by excellent infrastructure facilities and a good networking of its dealers, Subject has pledged to consistently deliver 100% customer satisfaction.

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.47.84
UK Pound	1	Rs.75.40
Euro	1	Rs.65.68

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	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		45

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.