MIRA INFORM REPORT

Report Date :

28.09.2011

IDENTIFICATION DETAILS

Name :	ROHA DYE CHEM PRIVATE LIMITED

Registered Office :	12, Abhishek Samuel Street, Vadgadi, Mumbai - 400 003, Maharashtra

Country :	India

Financials (as on) :	31.03.2010

Date of Incorporation :	11.08.1972

Com. Reg. No.:	11-015941

Capital Investment / Paid-up Capital :	Rs.24.500 Millions

CIN No.: [Company Identification No.]	U24100MH1972PTC015941

TAN No.: [Tax Deduction & Collection Account No.]	MUMR14793C

PAN No.: [Permanent Account No.]	AAACR4974P

Legal Form :	Private Limited Liability Company

Line of Business :	Manufacturer and Exporter of Food Colors, Acid Color, Cosmetic Color etc.

No. of Employees :	500 (approximately)

RATING & COMMENTS

MIRA’s Rating :

A (62)

RATING

STATUS

PROPOSED CREDIT LINE

56-70

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

Maximum Credit Limit :	USD 11000000

Status :	Good

Payment Behaviour :	Regular

Litigation :	Clear

Comments :	Subject is a well established and reputed company having fine track. Financial position of the company appears to be sound. 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.

INFORMATION PARTED BY

Name :	Mr. Hasmukh Shah
Designation :	Accounts Head
Contact No.:	91-9820207531
Date :	27.09.2011

LOCATIONS

Registered Office :	12, Abhishek Samuel Street, Vadgadi, Mumbai-400 003, Maharashtra, India
Tel. No.:	91-22-28271933
Mobile No.:	91-9820207531 [Mr. Hasmukh Shah]
Fax No.:	91-22-28302531
E-Mail :	roha@bom3.vsnl.net.in carohitagarwal@yahoo.co.in roha@rohadyechem.com boision@vsnl.net chetan.sheth@rohagroup.com hasmukh.shah@rohagroup.com
Website :	www.rohadyechem.com
Area:	Owned

Factory 1 :	MIDC, Plot No. 42, Dhatav, Roha – 402 116, Raigad, Maharashtra, India
Tel. No.:	91-22-28271933
Fax No.:	91-22-28302531/32
E-mail :	rohaindia@rohadyechem.com
Area:	125 sq. yard (Leased)

Factory 2 / Corporate Office / Administrative Office :	Plot No. A/44-45, Road No. 2, MIDC, Andheri, Mumbai – 400 093, Maharashtra, India
Tel. No.:	91-22-40773333
Fax No.:	91-22-28302531/ 32
Area:	70000 sq. ft. (Leased)

Regional Heads:	Located at: South Africa. Indonesia Italy China France Spain Mexico Philippines Russia Thailand UK USA Vietnam

DIRECTORS

As on 30.09.2010

Name :

Mr. Ramakant Jagdishprasad Tibrewala

Designation :

Chairman

Address :

603, Panchsheel Gokuldham, Goregaon (East), Mumbai – 400063, Maharashtra, India

Date of Birth/Age :

21.09.1956

Qualification :

B.Com

Date of Appointment :

06.08.1979

DIN No.:

01237898

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	U24100MH1972PTC015941	ROHA DYE CHEM PRIVATE LIMITED	Director	06-08-79	06-08-79	-	Active	NO
2	U74999MH1959PTC011463	STEINMETZ OVERSEAS PRIVATE LIMITED	Director	01-09-79	01-09-79	-	Active	NO
3	U17100MH1969PTC014416	JAGDISH TEXTILES PRIVATE LIMITED	Director	20-06-84	20-06-84	-	Active	NO
4	U01100MH1988PTC047034	JAGDISH FARMS PRIVATE LIMITED	Director	11-10-89	11-10-89	-	Active	NO
5	U65990MH1994PLC076830	ROHA LEASING AND FINANCING LIMITED	Director	28-02-94	28-02-94	-	Active	NO
6	U24239MH1988PTC048150	IDEAL CURES PRIVATE LIMITED	Director	20-07-94	20-07-94	-	Active	NO
7	U24112MH1996PTC099657	SAPIN CHEMICALS PRIVATE LIMITED	Director	15-07-96	15-07-96	-	Active	NO
8	U99999MH1996PTC103439	ROHA NATURAL EXTRACTS PRIVATE LIMITED	Director	22-10-96	22-10-96	-	Active	NO
9	U99999MH1994PLC082238	ROHA GLOBAL VENTURES LIMITED	Director	22-10-96	22-10-96	-	Active	NO
10	U24116MH1997PTC107008	RUJUTAA CHEMICALS PRIVATE LIMITED	Director	02-04-97	02-04-97	-	Strike off	NO
11	U27109MH1972PTC015615	SHREE KAMAL ISPAT UDYOG PRIVATE LIMITED	Director	21-11-98	21-11-98	-	Active	NO
12	U72200MH1998PLC117274	RS GLOBAL INFOTECH LIMITED	Director	30-11-98	30-11-98	-	Active	NO
13	U72200MH1998PLC117545	ROHA INFOTECH LIMITED	Director	21-12-98	21-12-98	-	Active	NO
14	U25209DD1992PTC001310	SUPREME POLYROTEX PRIVATE LIMITED	Director	30-03-99	30-03-99	29-09-08	Active	NO
15	U67120MH1999PTC119980	WELLWORTH COMMODITIES BROKING PRIVATE LIMITED	Director	21-05-99	21-05-99	-	Active	NO
16	U67120MH1996PLC096977	WELLWORTH SHARE AND STOCK BROKING LIMITED	Director	29-09-03	29-09-03	-	Active	NO
17	U29199DL2004PTC128952	MR ORANCE JUICING SYSTEMS PRIVATE LIMITED	Director	30-05-06	30-05-06	05-09-08	Active	NO
18	U45201MH2006PTC162778	ROHA INFRASTRUCTURE DEVELOPERS PRIVATE LIMITED.	Director	22-06-06	22-06-06	01-02-11	Active	NO
19	U15419KA2006PTC041294	JUICES N SNACKS INDIA PRIVATE LIMITED	Director	27-12-06	27-12-06	27-02-09	Active	YES
20	U51900MH2005PTC158473	RICOSSA TRADING PRIVATE LIMITED	Additional director	05-08-09	05-08-09	-	Active	NO
21	U74990MH2009PTC196665	WISDOM WELLNESS PRIVATE LIMITED	Director	30-09-10	02-12-09	-	Active	NO
22	U15419TN1995PTC032799	INDRAS AGENCIES PRIVATE LIMITED	Director	24-12-10	24-12-09	-	Active	NO
23	U24297MH2010PTC204395	ROHA DYECHEM SEZ PRIVATE LIMITED	Director	17-06-10	17-06-10	-	Active	NO
24	U40105MH2010PTC209822	ROHA ENERGY PRIVATE LIMITED	Director	04-11-10	04-11-10	-	Active	NO
25	U01111GJ2010PTC062884	ROHA AGRI DEVELOPERS PRIVATE LIMITED	Director	11-11-10	11-11-10	-	Active	NO
26	U85191MH2011NPL216938	AGARWAL GLOBAL FOUNDATION	Director	02-05-11	02-05-11	-	Active	NO
27	U45200MH2006PTC160428	J. P. INFRA (MUMBAI) PRIVATE LIMITED	Additional director	24-06-11	24-06-11	-	Active	NO
28	U45400MH2010PTC205367	J.P. Infra Developers Private Limited	Additional director	24-06-11	24-06-11	-	Active	NO

Name :

Mr. Srikant Jagdishprasad Tibrewala

Designation :

Director

Address :

503, Panchsheel Gokuldham, Goregaon (East), Mumbai – 400063, Maharashtra, India

Date of Birth/Age :

18.06.1962

Qualification :

B.Com

Date of Appointment :

15.09.1979

DIN No.:

00197891

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	U24100MH1972PTC015941	ROHA DYE CHEM PRIVATE LIMITED	Director	19-07-82	19-07-82	-	Active	NO
2	U17100MH1969PTC014416	JAGDISH TEXTILES PRIVATE LIMITED	Director	20-06-84	20-06-84	-	Active	NO
3	U01100MH1988PTC047034	JAGDISH FARMS PRIVATE LIMITED	Director	11-10-89	11-10-89	-	Active	NO
4	U65990MH1994PLC076830	ROHA LEASING AND FINANCING LIMITED	Director	28-02-94	28-02-94	-	Active	NO
5	U24239MH1988PTC048150	IDEAL CURES PRIVATE LIMITED	Director	04-08-94	04-08-94	-	Active	NO
6	U24110MH1996PTC099750	NILAYA CHEMICALS PRIVATE LIMITED	Director	26-08-96	26-08-96	-	Active	NO
7	U99999MH1996PTC103439	ROHA NATURAL EXTRACTS PRIVATE LIMITED	Director	22-10-96	22-10-96	-	Active	NO
8	U99999MH1994PLC082238	ROHA GLOBAL VENTURES LIMITED	Director	22-10-96	22-10-96	-	Active	NO
9	U24116MH1997PTC107008	RUJUTAA CHEMICALS PRIVATE LIMITED	Director	02-04-97	02-04-97	-	Strike off	NO
10	U72200MH1998PLC117274	RS GLOBAL INFOTECH LIMITED	Director	11-12-98	11-12-98	-	Active	NO
11	U27109MH1972PTC015615	SHREE KAMAL ISPAT UDYOG PRIVATE LIMITED	Director	15-11-00	15-11-00	-	Active	NO
12	U67120MH1996PLC096977	WELLWORTH SHARE AND STOCK BROKING LIMITED	Director	29-09-03	29-09-03	-	Active	NO
13	U67120MH1999PTC119980	WELLWORTH COMMODITIES BROKING PRIVATE LIMITED	Director	15-06-05	15-06-05	-	Active	NO
14	U15419TN1995PTC032799	INDRAS AGENCIES PRIVATE LIMITED	Director	21-04-06	21-04-06	-	Active	NO
15	U29199DL2004PTC128952	MR ORANCE JUICING SYSTEMS PRIVATE LIMITED	Director	30-05-06	30-05-06	17-01-11	Active	NO
16	U45201MH2006PTC162778	Roha Infrastructure Developers Private Limited.	Director	22-06-06	22-06-06	26-07-11	Active	NO
17	U29199MH2006PTC163229	FILTER MACHINES PRIVATE LIMITED	Director	22-07-06	22-07-06	-	Active	NO
18	U67190MH2007PTC176367	WELLWORTH CAPITAL SERVICES PRIVATE LIMITED	Director	30-11-07	30-11-07	-	Active	NO
19	U72200MH1998PLC117545	ROHA INFOTECH LIMITED	Director	31-03-09	31-03-09	-	Active	NO
20	U24297MH2010PTC204395	ROHA DYECHEM SEZ PRIVATE LIMITED	Director	17-06-10	17-06-10	-	Active	NO
21	U40105MH2010PTC209822	ROHA ENERGY PRIVATE LIMITED	Director	04-11-10	04-11-10	-	Active	NO

Name :

Mrs. Shushma Ramakant Tibrewala

Designation :

Director

Address :

603, Panchsheel, Mulund Link Road, Gokuldham, Goregaon (East), Mumbai – 400063, Maharashtra, India

Date of Birth/Age :

18.06.1962

Qualification :

B.Com

Date of Appointment :

08.11.1990

DIN No.:

01520822

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	U24100MH1972PTC015941	ROHA DYE CHEM PRIVATE LIMITED	Director	08-11-90	08-11-90	Active	NO
2	U24112MH1996PTC099657	SAPIN CHEMICALS PRIVATE LIMITED	Director	15-07-96	15-07-96	Active	NO
3	U74999MH1959PTC011463	STEINMETZ OVERSEAS PRIVATE LIMITED	Director	28-09-98	28-09-98	Active	NO
4	U45200MH2006PTC160197	ONEUP REALTORS PRIVATE LIMITED	Director	25-09-08	25-09-08	Active	NO
5	U51900MH2005PTC158473	RICOSSA TRADING PRIVATE LIMITED	Additional director	05-08-09	05-08-09	Active	NO
6	U74990MH2009PTC196665	WISDOM WELLNESS PRIVATE LIMITED	Director	30-09-10	02-12-09	Active	NO

Name :

Mr. Ravindra Shreegopal Kedia

Designation :

Director

Address :

Joseph Niwas, Brahman Ali Opposite Gnjoshi, Roha, Raigad-402 100, Maharashtra, India

Date of Birth/Age :

23.01.1967

Qualification :

B.Com

Date of Appointment :

01.05.2004

DIN No.:

02416214

KEY EXECUTIVES

Name :	Mr. Hasmukh Shah
Designation :	Accounts Head

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2010

Names of Shareholders		No. of Shares
Shrikant Tibrewala		11640
Ramakant Tibrewala		48598
Sushma Tibrewala		34370
Mahesh Tibrewala		33000
Brijesh Tibrewala		36960
Haresh Tibrewala		11000
Brijesh Ramakant HUF		29302
Annapurna Tibrewala		16720
Deepesh Tibrewala		11066
Deepesh Shrikant HUF		12244
Jagdish Prasad Ramakant HUF		100

Total		245000

As on 30.09.2010

Equity Share Breakup		Percentage of Holding
Category
Directors or relatives of directors		100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of Food Colors, Acid Color, Cosmetic Color etc.

Products :

Product Description	Item Code No. (ITC Code)
Tartrazine	3204 19 72
Sunset Yellow	3204 19 71
Carmoisine	3204 19 09

Exports :

Countries :

Germany
UK
Canada
Russia
China

[Total Export of Rs.2500.000 millions and domestic sale of Rs.500.000 millions.]

Imports :

Products :

Chemicals

Countries :

China

Terms :

Selling :

Cash and Credit / DA

Purchasing :

L/C and Credit / TT

PRODUCTION STATUS (AS ON 31.03.2010)

Particulars

Unit

Installed Capacity

Actual Production

Food, Lake and Acid Colour

800

7967.93

Electricity

KWH

141.64

GENERAL INFORMATION

Suppliers :

Indian Oil Limited

Customers :

End Users

Coca Cola Limited
Pepsico India

No. of Employees :

500 (approximately)

Bankers :

Bank of India, Sion Branch, 29, Amba Bhavan, Laxmi Chowk, sion Circle, Mumbai – 400 022, Maharashtra, India
ABN Amro Bank N.V., Hansalaya Building, 15, Barkhamba Road, New Delhi – 110001, India
The Hong Kong and Sanghai Banking Corporation Limited, 52/60, Mahatma Gandhi Road, Fort, Mumbai – 400001, Maharashtra, India
Ing Vysya Bank Limited – Mittal Towers, a-Wing, Ground Floor, 210 Nariman Point, Mumbai - 400021, Maharashtra, India
ICICI Bank Limited, Landmark Race, Cource Circle, Alkapuri, Baroda-390015, Gujarat, India

Facilities :

Secured Loan	As on 31.03.2010 [Rs. in Millions]	As on 31.03.2009 [Rs. in Millions]
Term Loan
Royal Bank of Scotland Foreign Currency Term Loan	197.637	304.380
Working Capital Loan
From Bank of India
Cash Credit	60.625	31.801
Packing Credit	136.545	96.912
Foreign Bills Purchase	274.037	186.331
Ing Vyasa Bank Overdraft and Foreign Bill Purchased	45.676	0.000
Royal Bank Scotland Overdraft and Foreign Bill Purchased	0.000	65.371
From Life Insurance Corporation of India	57.730	57.730
Total	772.250	742.525

Unsecured Loan
Sicom Sales Ta Incentives Loan	13.818	17.523
Loan From Directors	72.074	47.028
Loan From Shareholders	147.177	140.143
Intercorporate Loans	12.764	0.000
Total	245.833	204.694

Note:

Royal Bank of Scotland: Loan is secured against Wind Mill at sangli and Mortgage of Roha Office at MIDC, Andheri (East), Mumbai and personal guarantee of one of directors and his two sons working with the company.

Bank of India: Loans is secured against book debts, foreign bill purchased raw material, stores, stock in process, finished goods, book debts, packing material, hundies Transport Receipt and Document of Title of Goods etc. with collaterial security of all current assets of the company and equitable mortgage of factory land, building, plant and machinery and guarantee of some of the directors.

Ing Vyasa Bank: Working capital loan is against PCL/PCFC/PSL/EBPS and ILC/FLC and personal guarantee of all the directors of the company.

Royal Bank of Scotland: is against hypothecation of stocks, book assets of the company is pari passu with other lenders and personal guarantee of one of the directors and his two sons working with the company.

The loans from Life Insurance Corporation of India is against Lien of Keyman Insurance Policies of LIC belonging to the company and personal guarantee of directors.


Banking Relations :	--

Auditors :
Name :	V S Lalpuria and Company Chartered Accountants
Address :	Banoo Mansion, 2^nd Floor, 16 Nadirsha Sukhia Street, Fort, Mumbai – 400 001, Maharashtra, India
Tel. No.:	91-22-22824932
Pan No.:	AAAPL7026R

Associates:	Adhik Chemicals Private Limited Chemodist Industries Deepesh Shrikant HUF Eeshan Infosystem Private Limited Anchit Chemicals Private Limited Shri Kamal Ispat Udyog Private Limited Jagdish Farm Private Limited Jagson Intermediates Private Limited Indras Agencies Private Limited Vintop Products Private Limited New Gujarat Impra Chem Industries Roha Leasing and Financing Limited Jagdishprasad Tibrewala Parmarth Kosh R.S. Global Infotech Private Limited Filter Machine Private Limited Roha Infrastructure Private Limited Ricossa Trading Private Limited One Up Realtors Private Limited Ideal Cures Private Limited Jagdish Textiles Private Limited Jagdishprasad Ramakant HUF Kanaiya Dyechem Industries Brijesh Ramakant HUF Steinmetz Overseas Private Limited Welworth Share and Stock Broking Limited Welworth Commodities Private Limited

Joint Ventures and Subsidiary:	Roha (Australia) Private Limited Roha (France) SARL Roha (Thailand) Limited Roha Caleb (UK) Limited Roha Dyechem (Hong Kong) Limited Roha EPSA SL Roha Euro Limited Ptlautan Pewarana Roha Dyechem Sanghai Company Limited Roha Ukrain Limited Roha Soyuz Limited Roha SRL, Italy Simpsons (UK) Limited Roha Dyechem (Thailand) Limited Roha Dyechem Vietnam Limited Roha Specialities Incorporation Roha USA, LLC Pt. Roha Dyechem Indonesia Idacol Food Color Sa De Cv Roha Asia Pacific Thailand Limited Roha Dyechem LLC

CAPITAL STRUCTURE

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
250000	Equity Shares	Rs.100/- each	Rs.25.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
245000	Equity Shares	Rs.100/- each	Rs.24.500 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		24.500	24.500	24.500
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		2869.697	2637.342	2417.169
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		2894.197	2661.842	2441.669
LOAN FUNDS
1] Secured Loans		772.250	742.525	659.681
2] Unsecured Loans		245.833	204.694	70.975
TOTAL BORROWING		1018.083	947.219	730.656
DEFERRED TAX LIABILITIES		100.838	119.274	104.876

TOTAL		4013.118	3728.335	3277.201

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		668.512	734.553	704.640
Capital work-in-progress		10.687	64.715	57.678

INVESTMENT		868.635	486.640	439.880
DEFERREX TAX ASSETS		0.000	0.000	0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	355.810	316.685	259.162
	Sundry Debtors	1202.971	1116.152	1113.178
	Cash & Bank Balances	34.000	31.311	69.221
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	1151.241	1225.677	823.805
Total Current Assets		2744.022	2689.825	2265.366
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	260.067	203.058	177.601
	Other Current Liabilities	2.578	5.382	4.269
	Provisions	16.093	38.958	8.493
Total Current Liabilities		278.738	247.398	190.363
Net Current Assets		2465.284	2442.427	2075.003

MISCELLANEOUS EXPENSES		0.000	0.000	0.000

TOTAL		4013.118	3728.335	3277.201

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	2573.417	2286.521	1881.800
		Other Income	82.982	90.896	81.500
		TOTAL (A)	2656.399	2377.417	1963.300

Less	EXPENSES
		Raw Material Consumed	1216.559	1151.847
		Purchase for Resale	1.250	1.218
		Payment to Employees	86.315	45.174
		Manufacturing Expenses	373.000	294.782
		Administration and Other Expenses	210.953	174.471
		Selling and Distribution Expenses	181.809	185.109
		Increase / Decrease in Stock	14.329	(45.955)
		TOTAL (B)	2084.215	1806.646	1772.100 [Including Financial Expenses and Depreciation]

Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		572.184	570.771

Less	FINANCIAL EXPENSES (D)		101.230	89.041

	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		470.954	481.730

Less/ Add	DEPRECIATION/ AMORTISATION (F)		121.321	131.270

	PROFIT BEFORE TAX (E-F) (G)		349.633	350.460	191.200

Less	TAX (H)		111.564	124.555	67.200

	PROFIT AFTER TAX (G-H) (I)		238.069	225.905	124.000

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		2042.795	1842.623	NA

Less	APPROPRIATIONS
		Transfer to General Reserve	20.000	20.000	NA
		Dividend	4.900	4.900	NA
		Tax on Dividend	0.814	0.833	NA
	BALANCE CARRIED TO THE B/S		2255.150	2042.795	NA

	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	1944.695	1729.731	1393.641
		Other Earnings	39.771	10.229	17.744
	TOTAL EARNINGS		1984.466	1739.960	1411.385

	IMPORTS
		Raw Materials	804.303	714.176	676.959
		Capital Goods	1.121	24.573	10.924
		Others	8.514	0.186	3.826
	TOTAL IMPORTS		813.938	738.935	691.709

	Earnings Per Share (Rs.)		1082	1027	--

Particulars

31.03.2011

Sales Turnover [Approximately]

2680.000

Expected Sales (2011-12) : Rs.3100.000 Millions.

The above information has been parted by Mr. Hasmukh Shah.

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	8.96	9.50	6.32

Net Profit Margin (PBT/Sales)	(%)	13.59	15.33	10.16

Return on Total Assets (PBT/Total Assets}	(%)	10.25	10.23	6.44

Return on Investment (ROI) (PBT/Networth)		0.12	0.13	0.08

Debt Equity Ratio (Total Liability/Networth)		0.45	0.45	0.37

Current Ratio (Current Asset/Current Liability)		9.84	10.87	11.84

LOCAL AGENCY FURTHER INFORMATION

Details of Sundry Creditors:

Particulars

31.03.2010

(Rs. in millions)

31.03.2009

(Rs. in millions)

31.03.2008

(Rs. in millions)

Sundry Creditors

260.067

203.058

177.601

Check List by Info Agents	Available in Report (Yes / No)
1) Year of Establishment	Yes
2) Locality of the firm	Yes
3) Constitutions of the firm	Yes
4) Premises details	Yes
5) Type of Business	Yes
6) Line of Business	Yes
7) Promoter’s background	--
8) No. of employees	Yes
9) Name of person contacted	Yes
10) Designation of contact person	Yes
11) Turnover of firm for last three years	Yes
12) Profitability for last three years	No
13) Reasons for variation <> 20%	No
14) Estimation for coming financial year	Yes
15) Capital in the business	Yes
16) Details of sister concerns	Yes
17) Major suppliers	Yes
18) Major customers	Yes
19) Payments terms	Yes
20) Export / Import details (if applicable)	Yes
21) Market information	--
22) Litigations that the firm / promoter involved in	--
23) Banking Details	Yes
24) Banking facility details	Yes
25) Conduct of the banking account	--
26) Buyer visit details	--
27) Financials, if provided	Yes
28) Incorporation details, if applicable	--
29) Last accounts filed at ROC	--
30) Major Shareholders, if available	--

BUSINESS PERFORMANCES:

The world economy which was effected by the slowdown towards the end of 2008 continued for greater part in this year also .During the year, Indian economy recorded a growth of around 7.2%.Your company through its proactive business strategies could able to grow business by 12.55%. Sales for the year increased by 12.55 percent at Rs 2573.400 millions as against Rs 2286.500 millions in previous year.

The profit after tax for the financial year 2009-10 grew by 5.40% percent at Rs 238.100 millions as against Rs.225.900 millions in the previous year.

Bankers Charges Report as per Registry

This form is for	Creation of charge
Corporate identity number of the company	U24100MH1972PTC015941
Name of the company	ROHA DYE CHEM PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	12, Abhishek Samuel Street, Vadgadi, Mumbai-400 003, Maharashtra, India
Type of charge	Book Debts Movable Property (not being pledge) Others
Particular of charge holder	ICICI Bank Limited, Landmark Race, Cource Circle, Alkapuri, Baroda-390015, Gujarat, India
Email	nabha.nirody@icicibank.com
Nature of description of the instrument creating or modifying the charge	Deed of Hypothecation dated 26.07.2011 executed between Roha Dyechem Pvt Ltd & ICICI Bank Ltd ( as security trustee) for total USD 53740000 ( lenders being ICICI Bank Hongkong Branch USD 28740000 and Bank of Baroda Ras- Al-Khaimah Branch USD 25000000)
Date of instrument Creating the charge	26.07.2011
Amount secured by the charge	Rs.2380.145 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest As per the sanction terms of respective lenders. Terms of Repayment As per the sanction terms of respective lenders. Margin As per the sanction terms of respective lenders. Extent and Operation of the charge A charge by way of a first ranking Security (defined in DOH) over the Secured Property (defined in DOH), all receivables, goodwill, intellectual property rights, present and future uncalled share capital, the Project Proceeds , but not including mortgages and charges over any immoveable assets of the Borrower, in favour of the Security Trustee
Short particulars of the property charged	on all present and future movable fixed assets of the Project on all Project Documents, all rights, titles, permits, approvals, clearances and interests of the Borrower in, to and in respect of all the assets of the Project and all the Project Documents Including all insurance policies relating to the Project on the Projects book debts, operating cash flows, receivables, commissions, revenues of whatsoever nature and wherever arising, intangibles, goodwill, uncalled capital pertaining to the Project, Including Certified Emission Reduction (CER) receivables on all rights and interests of the Borrower related to the Project under Letter of Credit, guarantee or performance bond provided by any party for any contract related to the Project in favour of the Borrower on all the Projects bank accounts including but not limited to the Trust and Retention Account (TRA) opened with the Account Bank, where all cash inflows from the Project Shall be deposited and all proceeds shall be utilized in a manner and priority as per financing documents.

CONTINGENT LIABILITIES NOT PROVIDE FOR:

Export obligation against use of Advance License outstanding at year end for which duty payable is Rs.11.998 millions (Previous year Rs.7.445 millions)

Guarantee given by Bank against fixed deposit provided Rs.4.800 millions (Previous year Rs.4.366 millions)

Liabilities in met of Letter of Credit from Bank Rs.82.838 millions (Previous year Rs.91.464 millions)

The Commissioner Central Excise has filed on appeal before CEGAT against the Refund Order for Rs. 0.124 millions passed in favour of company by the commissioner (Appeals.)

The Company has given stand by guarantee to HSBC Limited for ban given by them to Foreign Joint Venture Company for Rs.230.000 millions (Previous year Rs.240.093 millions)

The company is contingently liable for credit taken on service tax for Rs.1.377 millions for October 2004 to March 2009 after adjustment from credit for Rs.1.636 millions.

Trade References:

Coca Cola Limited
Pepsico India
Indian Oil Limited

Fixed Assets:

Freehold Land
Leasehold Land
Factory Building
Plant and Machinery
Equipments
Vehicles
Computer Software
Storage Tanks
Land wind mill
Electrical installation
Furniture and fixtures
Data processing equipments
Laboratory instruments
Effluent plants

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.49.17
UK Pound	1	Rs.76.65
Euro	1	Rs.66.63

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	7
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	7
--CREDIT LINES	1~10	7
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		62

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.