MIRA INFORM REPORT

Report Date :

26.09.2011

IDENTIFICATION DETAILS

Name :	JUPITER LAMINATORS PRIVATE LIMITED
Registered Office :	25/33, 3^rd Floor, East Patel Nagar, New Delhi – 110 088
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	07.03.2003
Com. Reg. No.:	55-119318
Capital Investment / Paid-up Capital :	Rs.26.250 Millions
CIN No.: [Company Identification No.]	U21022DL2003PTC119318
TAN No.: [Tax Deduction & Collection Account No.]	DELJ05291G
PAN No.: [Permanent Account No.]	AABCJ2883L
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer, Exporter and Supplier of Packaging Materials, Packaging Machines and Laminators.
No. of Employees :	Around 100

RATING & COMMENTS

MIRA’s Rating :

B (30)

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

Maximum Credit Limit :	USD 460000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track. The company has successful in wiping off the accumulated losses of previous years. Trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some caution.

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – 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 / Corporate Office :	25/33, 3^rd Floor, East Patel Nagar, New Delhi – 110 088, India
Tel. No.:	91-11-42481111 / 42481126/ 42481125/ 26913252
Fax No.:	91-11-42481126
Email :	roc.anilashok@gmail.com Jupiter@jupiterlaminators.com
Factory :	Village Libaspur, Near Bahalgarh Industrial Area, Bahalgarh, Sonepat – 131 021, Haryana, India
Tel. No.:	91-130-2380305 / 2380308
Fax No.:	91-130-2380308

DIRECTORS

(AS ON 24.09.2010)

Name :

Mr. Sandeep Bajaj

Designation :

Director

Address :

C-582, New Friends Colony, New Delhi – 110 065, India

Date of Birth/Age :

15.05.1968

Date of Appointment :

07.03.2003

DIN No.:

00058334

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	U55101DL1998PTC096453	PLAYWAY RESORTS PRIVATE LIMITED	Director	10-05-01	10-05-01	-	Active	NO
2	U51109DL1999PTC098930	SUPER GROWTH TRADERS PRIVATE LIMITED	Director	26-03-02	26-03-02	01-10-06	Active	NO
3	U29299DL2002PTC115772	AKSS ENGINEERS PRIVATE LIMITED	Director	13-06-02	13-06-02	-	Active	NO
4	U51221DL2002PTC116299	JUPITER EXIM PRIVATE LIMITED	Director	23-07-02	23-07-02	-	Active	NO
5	U21022DL2003PTC119318	JUPITER LAMINATORS PRIVATE LIMITED	Director	07-03-03	07-03-03	-	Active	NO
6	U45201DL2005PTC136241	SIGNATURE BUILD-WELL PRIVATE LIMITED	Director	13-05-05	13-05-05	-	Active	NO
7	U29199DL2003PTC121437	PIONEER CONVERTING AND ALLIED MACHINERY PRIVATE LIMITED	Director	20-11-06	20-11-06	-	Active	NO
8	U74140DL1995PTC186071	TYFORT SALES PROMOTION PRIVATE LIMITED	Director	10-08-08	22-12-07	-	Active	NO
9	U70101DL2006PTC146777	AVICHAL BUILDCON PRIVATE LIMITED	Whole-time director	01-08-10	01-08-08	-	Active	NO
10	U51909WB1995PTC071874	SIGNET VYAPAAR PRIVATE LIMITED	Director	05-04-10	05-04-10	-	Active	NO

Name :

Mr. Brij Lal Choudhary

Designation :

Director

Address :

113, B. P. Amar Jyoti, Mayur Vihar, Phase – I, Delhi – 110092, India

Date of Birth/Age :

01.05.1944

Date of Appointment :

29.03.2005

DIN No.:

00058514

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	U21022DL2003PTC119318	JUPITER LAMINATORS PRIVATE LIMITED	Director	29-03-05	29-03-05	-	Active	NO
2	U74140DL1995PTC186071	TYFORT SALES PROMOTION PRIVATE LIMITED	Director	22-12-07	22-12-07	04-10-08	Active	NO
3	U29199DL2003PTC121437	PIONEER CONVERTING AND ALLIED MACHINERY PRIVATE LIMITED	Director	17-08-09	17-08-09	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 24.09.2010)

Names of Shareholders	No. of Shares
Sandeep Bajaj	1524000
Signet Vyapar Private Limited, India	1938000
Playway Resorts Private Limited, India	118000
Signature Build – Well Private Limited, India	120000
Total	3700000

(AS ON 30.09.2010)

Category	Percentage
Bodies corporate	58.81
Directors or relatives of directors	41.19
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer, Exporter and Supplier of Packaging Materials, Packaging Machines and Laminators.

GENERAL INFORMATION

No. of Employees :	Around 100
Bankers :	· Indian Overseas Bank A-55B, DDA Market, Paschim Vihar, New Delhi – 110 063, India · Indian Overseas Bank Shalimar Bagh, New Delhi – 110052, India

Banking Relations :	--
Auditors :
Name :	Mathur Nitin and Company Chartered Accountant
Address :	207, Gupta Arcade, Plot # 5, Local Shopping Centre, Mayur Vihar Phase – I Extn., Delhi – 110091, India
Tel No.:	91-11-22717886/ 22717887
Email :	nitinmathur@vsnl.com

CAPITAL STRUCTURE

(AS ON 24.09.2010)

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Share	Rs.10/- each	Rs.50.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
3700000	Equity Share	Rs.10/- each	Rs.37.000 Millions

(AS ON 31.03.2010)

Issued, Subscribed & Paid-up Capital: Rs.26.250 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		26.250	19.000	15.930
2] Share Application Money		0.000	30.000	1.230
3] Reserves & Surplus		89.422	22.400	15.040
4] (Accumulated Losses)		0.000	(20.087)	(22.687)
NETWORTH		115.672	51.313	9.513
LOAN FUNDS
1] Secured Loans		217.396	70.210	37.942
2] Unsecured Loans		45.990	41.930	17.380
TOTAL BORROWING		263.386	112.140	55.322
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		379.058	163.453	64.835
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		94.931	88.265	75.336
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	74.730	46.556	34.084
	Sundry Debtors	240.181	135.514	53.484
	Cash & Bank Balances	0.389	4.931	1.100
	Other Current Assets	0.684	0.915	1.063
	Loans & Advances	23.430	34.350	19.007
Total Current Assets		339.414	222.266	108.738
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	53.173	147.044	99.239
	Other Current Liabilities			20.079
	Provisions	2.200	0.144	0.052
Total Current Liabilities		55.373	147.188	119.370
Net Current Assets		284.041	75.078	(10.632)
MISCELLANEOUS EXPENSES		0.086	0.110	0.131
TOTAL		379.058	163.453	64.835

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Sales and Other Income	818.268	698.043	163.285
		TOTAL	818.268	698.043	163.285
Less	EXPENSES
		TOTAL	779.105	682.033	152.489
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		39.163	16.010	10.796
Less/ Add	DEPRECIATION/ AMORTISATION		15.104	11.887	10.418
	PROFIT BEFORE TAX		24.059	4.123	0.378
Less	TAX		2.200	1.523	0.289
	PROFIT AFTER TAX		21.859	2.600	0.089
	Earnings Per Share (Rs.)		8.33	--	--

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	2.67	0.37	0.05
Return on Total Assets (PBT/Total Assets}	(%)	5.54	1.33	0.21
Return on Investment (ROI) (PBT/Networth)		0.21	0.08	0.04
Debt Equity Ratio (Total Liability/Networth)		2.76	5.05	18.36
Current Ratio (Current Asset/Current Liability)		6.13	1.51	0.91

LOCAL AGENCY FURTHER INFORMATION

NOTE:

The Registered Office of the company has been shifted from B – 35, L.G.R. Tangpura Extension, New Delhi – 110014, India, to the present address w.e.f. 28.05.2004.

FINANCIAL RESULTS:

The company has earned a Profit of Rs.21.859 Millions after depreciation and tax. The directors are hopeful to get more business with improved position in respect of business in coming year.

PERFORMANCE:

The company has done good business in the preceding financial year. The directors are hopeful of making even performance during the current year.

FORM 8:

Corporate identity number of the company	U21022DL2003PTC119318
Name of the company	JUPITER LAMINATORS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	25/33, 3^rd Floor, East Patel Nagar, New Delhi – 110 088, India roc.anilashok@gmail.com
This form is for	Creation of charge
Type of charge	· Immovable Property · Book debts · Movable property (not being pledge) · Others Current and Movable Fixed Assets
Particular of charge holder	Indian Overseas Bank Shalimar Bagh, New Delhi – 110052, India bo4184@pnb.co.in
Nature of instrument creating charge	Agreement of hypothecation of goods and book debts to secure cash credit, agreement of hypothecation of movable assets forming part of fixed/block assets, agreement of hypothecation of current assets and letter of continuity
Date of instrument Creating the charge	19.04.2011
Amount secured by the charge	Rs.50.000 millions
Brief of the principal terms an conditions and extent and operation of the charge	· Rate of interest Interest @ 5% spread over the prevailing base rate (Presently Being 9.50%) i.e. 14.50% p.a. with monthly rest · Terms of repayment On Demand · Margin Stock: 25%, Book Debts: 30% · Extent and operation of the charge The charge operates as security as exclusive first charge in favour of PNB · Others This is to secure ADHOC Cash Credit Stocks limit of Rs.50.000 Millions
Particulars of the property charged	Hypothecation of all Present and Future stocks of RM, WIP, FIN. Goods viz Laminated Material at their Premises/Godown at Sonipat (Haryana) or any other godown including in transit Hypothecation of Present and Future Book Debts, Outstanding, Money Receivables, Claims, Bills, Contracts, Engagements, Securities, Investments, Rights and Other Movable Assets Hypothecation of all present and future current assets i.e. Stocks of RM, WIP, FG, Cons. Stores and Book Debts, Outstanding, Decrees, Monies, Receivables, Securities, Claims, Govt Subsidies, Investments, Rights Hypothecation of all fixed/block assets described in general terms in the schedule particularly all the SFF and FF items purchased/to be purchased both present and future Equitable Mortgage by deposit of title deeds relating to Imm. property i.e. Ind. Property at Khewat No. 54, Khata No. 93, Total Area 809.45 sq. yds at Village Libaspur, Sonipat (Haryana) Equitable Mortgage by deposit of title deeds relating to Immovable Property i.e. Entire III d Floor, Plot No. 25/33, East Patel Nagar, New Delhi

FIXED ASSETS

· Air Conditioner

· Car

· Computers

· Computers and Printers

· Motor Bike

· Office Building

· Office Equipments

· Office Furniture

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.49.67
UK Pound	1	Rs.76.51
Euro	1	Rs.66.98

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		30

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
-	NB	New Business	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.