Business information report

1. Summary Information

			Country	India
Company Name	KAIL LIMITED		Principal Name 1	Mr. Venugopal Nandlal Dhoot
Status	Satisfactory		Principal Name 2	Mr. Rahul Amarnath Sethi
			Registration #	131152
Street Address	Auto Cars Compound, Adalat Road, Aurangabad – 431005. Maharashtra
Established Date	23.08.1995		SIC Code	--
Telephone#	Not Available		Business Style 1	Manufacturers
Fax #	Not Available		Business Style 2	Exporters
Homepage	--		Product Name 1	Electrical Appliances
# of employees	Not Available		Product Name 2	Electronic Appliances
Paid up capital	Rs. 376,100,000/-		Product Name 3	--
Shareholders	Foreign holdings (10.64%) Bodies corporate (89.36%)		Banking	IDBI Bank Limited
Public Limited Corp.	No		Business Period	17 Years
IPO	No		International Ins.	-
Public Enterprise	No		Rating	Ba (49)
Related Company
Relation	Country	Company Name		CEO
Associate	--	Techno Electronics Limited		--
Note	-

2. Summary Financial Statement

Balance Sheet as of	30.06.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	3972,363,000	Current Liabilities	2649,641,000
Inventories	3365,384,000	Long-term Liabilities	9457,646,000
Fixed Assets	2357,638,000	Other Liabilities	483,759,000
Deferred Assets	00,000	Total Liabilities	12,591,046,000
Invest& other Assets	8136,385,000	Retained Earnings	4864,624,000
		Net Worth	5240,724,000
Total Assets	17,831,770,000	Total Liab. & Equity	17,831,770,000
Total Assets (Previous Year)	13,638,873,000
P/L Statement as of	30.06.2011		(Unit: Indian Rs.)
Sales	19532,400,000	Net Profit	319,383,000
Sales(Previous yr)	18927,200,000	Net Profit(Prev.yr)	102,480,000

MIRA INFORM REPORT

Report Date :

09.04.2012

IDENTIFICATION DETAILS

Name :	KAIL LIMITED
Registered Office :	Auto Cars Compound, Adalat Road, Aurangabad – 431005. Maharashtra
Country :	India
Financials (as on) :	30.06.2011
Date of Incorporation :	23.08.1995
Com. Reg. No.:	11-131152
Capital Investment / Paid-up Capital :	Rs. 376.100 Millions
CIN No.: [Company Identification No.]	U99999MH1995PLC131152
TAN No.: [Tax Deduction & Collection Account No.]	MUMK10651E
PAN No.: [Permanent Account No.]	AAACK7417L
Legal Form :	A closely held public limited liability company
Line of Business :	The Company is primarily engaged in manufacturing and trading of Electrical and Electronic Appliances.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (49)

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

Maximum Credit Limit :	USD 20000000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is a well 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 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 – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
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 :	Auto Cars Compound, Adalat Road, Aurangabad – 431005. Maharashtra, India
Tel. No.:	Not Available
Fax No.:	Not Available
Email :	info@kail.co.in kaillimited@gmail.com
Factory :	Sector – V, Block – BP, Salt Lake City, Kolkata – 700091, West Bengal, India
Tel. No.:	91-33-23672874 / 4612 / 4613
Fax No.:	91-33-23672876

DIRECTORS

AS ON 29.12.2010

Name :	Mr. Venugopal Nandlal Dhoot
Designation :	Director
Address :	90, Manav Mandir, Napean Sea Road, Mumbai – 400006, Maharashtra, India
Date of Birth/Age :	30.09.1951
Date of Appointment :	30.12.1998
DIN No.:	00092450

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	U51909MH1979PLC021974	SHREE DHOOT TRADING AND AGENCIES LIMITED	Director	10-12-79	10-12-79	01-10-09	Active	NO
2	U74120MH1981PTC025424	TEKCARE INDIA PRIVATE LIMITED	Director	13-10-81	13-10-81	22-02-12	Active	NO
3	U55200MH1982PTC026281	RUPAM HOTELS PRIVATE LIMITED	Director	01-08-05	08-08-82	25-07-06	Dormant	NO
4	U99999MH1982PTC028960	DHANAPUR INVESTMENTS PRIVATE LIMITED	Director	10-03-84	10-03-84	28-11-07	Active	NO
5	U29308GJ1984PTC007531	TRESSA ELECTRONICS PRIVATE LIMITED	Director	01-10-85	01-10-85	03-12-07	Active	NO
6	U65990MH1990PLC058171	VIDECON INDUSTRIAL FINANCE LIMITED	Director	14-09-90	14-09-90	27-02-07	Amalgamated	NO
7	U51900MH1988PTC047304	FORCE APPLIANCES PRIVATE LIMITED	Director	24-09-93	24-09-93	01-12-07	Active	NO
8	U33201MH1981PTC187884	CARL JAY OPTIC PRIVATE LIMITED	Director	28-04-94	28-04-94	25-03-10	Strike off	NO
9	U70109MH1994PTC167822	TROON PROPERTIES AND INVESTMENTS PRIVATE LIMITED	Director	26-08-94	26-08-94	26-02-08	Amalgamated	NO
10	U99999MH1994PTC133601	POPUP PROPERTIES AND INVESTMENTS PRIVATE LIMITED	Director	26-08-94	26-08-94	31-12-07	Amalgamated	NO
11	U40100MH1994PLC128291	VIDEOCON POWER LIMITED	Director	17-10-94	17-10-94	01-10-06	Active	NO
12	L99999MH1989PLC052233	TREND ELECTRONICS LIMITED	Director	14-02-95	14-02-95	30-03-10	Active	NO
13	U85110MH1991PLC060680	MARATHWADA MEDICAL RESEARCH AND RURAL DEVELOPMENT INSTITUTION	Director	27-09-96	27-09-96	04-10-11	Active	NO
14	U70101MH1960PTC011793	VISSANJI ESTATES PRIVATE LIMITED	Director	18-11-96	18-11-96	20-11-07	Active	NO
15	U67120MH1981PTC023663	NIPPON INVESTMENT AND FINANCE COMPANY PRIVATE LIMITED	Director	20-09-98	20-09-98	-	Active	NO
16	L99999MH1988PLC046445	VALUE INDUSTRIES LIMITED	Director	30-12-98	30-12-98	01-02-12	Active	NO
17	U99999MH1995PLC131152	KAIL LIMITED	Director	30-12-98	30-12-98	05-01-12	Active	NO
18	U52332KA1995PLC018614	KITCHEN APPLIANCES INDIA LIMITED	Director	30-12-98	30-12-98	-	Not Available for eFiling	NO
19	U74210MH1987PLC043731	CENTURY APPLIANCES LIMITED	Director	20-07-01	20-07-01	27-02-08	Active	NO
20	U32100MH2002PTC137146	GRUHAUPYOGI ELECTRONICS APPLIANCES PRIVATE LIMITED	Director	05-10-03	05-10-03	29-09-07	Amalgamated	NO
21	U45102MH1994PLC133954	VIDEOCON REALTY AND INFRASTRUCTURES LIMITED CN	Director	18-10-03	18-10-03	-	Active	NO
22	U65992PN1982PTC028301	DOME-BELL ELECTRONICS INDIA PRIVATE LIMITED	Director	29-09-08	24-01-04	-	Active	NO
23	U32109PN2002PTC017110	MAYUR HOUSEHOLD ELECTRONICS APPLIANCES PRIVATE LIMITED	Director	25-03-05	03-07-04	01-10-09	Active	NO
24	U31900MH2002PTC136620	TANGENT ELECTRONICS PRIVATE LIMITED	Director	03-07-04	03-07-04	29-09-07	Active	NO
25	U70101MH1994PTC079017	WONDERLAND ESTATE DEVELOPERS PRIVATE LIMITED	Director	20-07-04	20-07-04	-	Amalgamated	NO
26	U32204MH1979PTC021985	SOLITAIRE APPLIANCES PRIVATE LIMITED	Director	30-09-05	31-01-05	-	Active	NO
27	U32109PN2002PTC017127	GODAVARI CONSUMER ELECTRONICS APPLIANCES PRIVATE LIMITED	Director	24-03-06	19-05-05	30-03-09	Active	NO
28	L99999MH1986PLC103624	VIDEOCON INDUSTRIES LIMITED	Managing director	01-09-10	01-06-05	-	Active	NO
29	U32100MH2004PLC146041	UTTARANCHAL APPLIANCES LIMITED	Director	29-09-06	15-10-05	30-03-09	Active	NO
30	U91990DL1920PLC008223	THE ASSOCIATED CHAMBERS OF COMMERCE AND INDUSTRY OF INDIA	Director	21-10-05	21-10-05	11-12-10	Active	NO
31	L74899DL1981PLC011274	BHARAT HOTELS LIMITED	Director	25-08-06	07-03-06	26-08-09	Active	NO
32	U92100MH2006PTC162926	VC DIGITAL SOLUTIONS PRIVATE LIMITED	Director	29-06-06	29-06-06	01-10-09	Active	NO
33	U51395MH2003PLC143371	NEXT RETAIL INDIA LIMITED	Director	20-12-06	20-12-06	06-01-12	Active	NO
34	U32109PN2002PTC017096	SHYADHRI CONSUMER ELECTRONICS (INDIA) PRIVATE LIMITED	Director	26-12-06	26-12-06	31-03-10	Active	NO
35	U31908MH2007PLC171109	CE INDIA LIMITED	Director	23-05-07	23-05-07	12-01-10	Active	NO
36	U40102MH2007PTC171813	PIPAVAV ENERGY PRIVATE LIMITED	Director	19-06-07	19-06-07	31-07-09	Active	NO
37	U32100MH2003PLC142232	VIDEOCON INTERNATIONAL ELECTRONICS LIMITED	Director	31-03-08	11-12-07	04-01-12	Active	NO
38	U72900MH2007PLC204763	VIDEOCON TELECOMMUNICATIONS LIMITED	Additional director	12-12-07	12-12-07	10-06-08	Active	NO
39	L40101DL1969GOI005095	RURAL ELECTRIFICATION CORPORATION LIMITED	Director	20-12-07	20-12-07	19-12-10	Active	NO
40	U31109MH2008PLC177199	VIDEOCON SEMICONDUCTOR LIMITED	Director	01-01-08	01-01-08	25-02-08	Active	NO
41	U51109MH2008PLC177746	VIDEOCON DISPLAY LIMITED	Additional director	02-02-08	02-02-08	28-02-08	Active	NO
42	U29299MH1979PTC021986	WALUJ COMPONENTS PRIVATE LIMITED	Director	26-09-08	07-04-08	25-03-10	Active	NO
43	U64200DL2008PTC177034	UNIVERSAL MOBILE TOWERS PRIVATE LIMITED	Director	22-04-08	22-04-08	31-03-10	Active	NO
44	U40108MH2008PTC182762	NORTHWEST ENERGY PRIVATE LIMITED	Director	28-05-08	28-05-08	01-10-09	Active	NO
45	U40102MH2008PTC183071	EXCEL POWER PRIVATE LIMITED	Director	02-06-08	02-06-08	01-10-09	Active	NO
46	U40102MH2008PTC183056	NORTH INDIA ENERGY PRIVATE LIMITED	Director	02-06-08	02-06-08	15-12-09	Active	NO
47	U64200PB2008PTC031992	SKYSTAR TELECOM PRIVATE LIMITED	Director	10-06-08	10-06-08	01-10-09	Active	NO
48	U40104MH2008PTC184134	UNITY POWER PRIVATE LIMITED	Director	30-06-08	30-06-08	01-10-09	Active	NO
49	U29308MH2002PTC137006	ESHWAR HOME APPLIANCES PRIVATE LIMITED	Director	27-09-08	01-07-08	22-02-12	Active	NO
50	U40109MH2008PTC184279	SUPREME ENERGY PRIVATE LIMITED	Director	03-07-08	03-07-08	15-01-09	Active	NO
51	U92100MH2008PTC184412	BHARAT BROADCASTING CORPORATION PRIVATE LIMITED	Director	08-07-08	08-07-08	22-02-12	Active	NO
52	U72200MH2008PLC187148	VIDEOCON INFOTEL LIMITED	Director	29-09-08	29-09-08	30-09-08	Active	NO
53	U64200MH2008PTC188484	VIDEOCON TELECOM HOLDINGS PRIVATE LIMITED	Director	26-11-08	26-11-08	01-10-09	Active	NO
54	U40108MH2008PLC189142	NUPOWER RENEWABLES LIMITED	Director	24-12-08	24-12-08	15-01-09	Active	NO
55	U99999MH1947PLC005708	EVANS FRASER AND COMPANY (INDIA) LIMITED	Additional director	10-04-09	10-04-09	05-01-12	Active	NO
56	U32109MH2009PTC191649	QUADRANT ENTERPRISES PRIVATE LIMITED	Additional director	01-09-09	01-09-09	19-03-10	Active	NO
57	U74900DL2007PTC166266	SENIOR CONSULTING PRIVATE LIMITED	Director	30-09-10	18-09-09	-	Active	NO
58	U93000DL2007PTC166247	JUMBO TECHNO SERVICES PRIVATE LIMITED	Director	30-09-10	18-09-09	-	Active	NO
59	U40105MH2010PLC198384	VIDEOCON POWER VENTURES LIMITED	Director	04-01-10	04-01-10	-	Active	NO
60	U40103MH2010PLC198876	VIDEOCON ENERGY LIMITED	Director	13-01-10	13-01-10	-	Active	NO
61	U11102MH2010PLC199078	VIDEOCON OIL VENTURES LIMITED	Director	19-01-10	19-01-10	03-01-12	Active	NO
62	U45200MH2008PTC179103	P- VISION SPORTS PRIVATE LIMITED	Additional director	27-02-10	27-02-10	12-04-10	Active	NO
63	U74999MH2007PTC168002	SADGURU MULTITRADE PRIVATE LIMITED	Director	07-08-10	07-08-10	-	Active	NO
64	U40102MH2010PLC207353	WEST BENGAL POWER VENTURES LIMITED	Director	01-09-10	01-09-10	-	Active	NO

Name :	Mr. Padmanabhan Doraiswamy Subramanian
Designation :	Director
Address :	30, Vishrambaug society, Senapati Bapat Road, Pune – 411016, Maharashtra, India
Date of Birth/Age :	01.09.1939
Date of Appointment :	23.08.1995
DIN No.:	00001207

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	U40100MH1994PLC128291	VIDEOCON POWER LIMITED	Director	22-12-94	22-12-94	-	Active	NO
2	L99999MH1989PLC052233	TREND ELECTRONICS LIMITED	Director	18-08-95	18-08-95	30-03-10	Active	NO
3	U99999MH1995PLC131152	KAIL LIMITED	Director	23-08-95	23-08-95	02-02-12	Active	NO
4	U29302PN1996PLC104800	APPLICOMP (INDIA) LIMITED	Director	31-12-96	31-12-96	05-01-12	Active	NO
5	U40105MH1996PTC128290	GOA ENERGY PRIVATE LIMITED	Director	01-08-97	01-08-97	13-03-12	Active	NO
6	U99999MH1996PLC128289	VIDEOCON ENERGY HOLDINGS LIMITED	Director	01-08-97	01-08-97	-	Active	NO
7	U67120MH1995PLC133952	VIDEOCON VCR SECURITIES LIMITED	Director	24-06-98	24-06-98	29-09-08	Strike off	NO
8	U55101MH1973PLC016960	DESAI BROTHERS LIMITED	Director	01-04-99	01-04-99	-	Active	NO
9	L24119PN1951PLC008409	SUDARSHAN CHEMICAL INDUSTRIES LIMITED	Director	25-09-02	25-09-02	-	Active	NO
10	L34103PN1944PLC020842	PREMIER LIMITED	Director	24-12-02	24-12-02	-	Active	NO
11	L99999MH1964PLC012835	ASIAN ELECTRONICS LIMITED	Director	25-11-03	25-11-03	05-11-08	Active	NO
12	L99999MH1986PLC103624	VIDEOCON INDUSTRIES LIMITED	Director	31-03-06	01-06-05	-	Active	NO
13	U24231MH1974PTC017243	AQUAPHARM CHEMICALS PRIVATE LIMITED	Director	14-09-05	14-09-05	-	Active	NO
14	L28910PN1990PLC056985	RAJKUMAR FORGE LIMITED	Director	24-04-06	24-04-06	-	Active	NO
15	L29150PN1989PLC054143	SANGHVI MOVERS LIMITED	Director	02-09-06	02-09-06	-	Active	NO
16	L34102PN1958PLC011172	FORCE MOTORS LIMITED	Director	30-09-06	30-09-06	-	Active	NO
17	U40102MH2007PTC171813	PIPAVAV ENERGY PRIVATE LIMITED	Director	19-06-07	19-06-07	-	Active	NO
18	U51395MH2003PLC143371	NEXT RETAIL INDIA LIMITED	Director	26-09-08	09-12-07	06-01-12	Active	NO
19	U40300MH2010PTC201493	CHHATTISGARH POWER VENTURES PRIVATE LIMITED	Additional director	14-05-10	14-05-10	-	Active	NO

Name :	Mr. Rahul Amarnath Sethi
Designation :	Director
Address :	Plot no. 151 – 152, N – 1, Sector A, CIDCO, Aurangabad -431003, Maharashtra, India
Date of Birth/Age :	02.12.1951
Date of Appointment :	23.08.1995
DIN No.:	00216395

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	U99999MH1995PLC131152	KAIL LIMITED	Whole-time director	23-08-95	23-08-95	05-01-12	Active	NO
2	U29304MH1997PLC107701	INDIA FLOOR CARE AND APPLIANCES LIMITED	Director	01-05-97	01-05-97	01-09-10	Strike off	NO

KEY EXECUTIVES

Name :	Mr. Rakesh Rupchand Kankariya
Designation :	Secretary
Address :	C/o. Rajendra M. Chavan, Plot no. 7, Raghuveer Society, Mukund nagar, Pune – 411037, Maharashtra, India
Date of Birth/Age :	15.07.1984
Date of Appointment :	01.02.2010
Name :	Ms. Kanchan Amit Kakade
Designation :	Secretary
Address :	Chandrakamal Society, Shivthirth nagar, Paud Road, Kothrud, Pune - 411038, Maharashtra, India
Date of Birth/Age :	21.12.1981
Date of Appointment :	21.04.2009

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.12.2010

Names of Shareholders	No. of Shares
Videocon Industries Limited, India	1521000
Value Industries Limited, India	4186000
Dome – Bell Electronics India Private Limited, India	6465000
Shree Dhoot Trading and Agencies Limited, India	5707000
Force Appliances Private Limited, India	6009900
Century Appliances Private Limited ,India	2286830
Greenfield Appliance Private Limited, India	495900
Platinum Appliance Private Limited, India	495900
TekCare India Private Limited, India	3135500
Synergy Appliance Private Limited, India	827900
Bali Properties and Investment Private Limited, India	979000
Tusker Overseas Inc., British West Indies	4000000
Evans Frazer and Company (India) Limited, India	1000000
Nippon Investment and Finance Company Private Limited, India	500000
Mr. Suresh M. Hegde	70
Total	37610000

AS ON 29.12.2010

Equity Shares Break Up	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	10.64
Bodies corporate	89.36
Total	100.00

BUSINESS DETAILS

Line of Business :

The Company is primarily engaged in manufacturing and trading of Electrical and Electronic Appliances.

Products :

ITC Code No	Production Description
8528.72	Television
8415.10	Air Conditioner
8418.21	Refrigerator

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

IDBI Bank Limited, IDBI Tower, WTC complex, Cuffe Parade, Mumbai – 400005, Maharashtra, India

Facilities :

Secured Loan	Rs. In Millions 30.06.2011	Rs. In Millions 30.06.2010
Term Loans from Bank	2459.838	3385.448
Working Capital Loans	1746.949	1342.393
Vehicle Loans from Banks	0.863	0.000
Total	4207.650	4727.841
Unsecured Loan	Rs. In Millions 30.06.2011	Rs. In Millions 30.06.2010
Term Loans from Bank	2999.996	1850.000
Term Loans from others	2250.000	0.000
Total	5249.996	1850.000

Note :

· Term Loans from Banks are secured by way of equitable mortgage of present and future immovable land and building and hypothecation of present and future plant and machinery situated at Salt Lake and Taratolla, Kolkata, West Bengal. These loans are also secured by personal guarantee of Mr. Venugopal N. Dhoot.

· The Working Capital Loans from Banks are secured by hypothecation of the company’s entire stock of raw materials, stock-in-process, finished goods, book debts and all other movable current assets. These loans are also secured by corporate guarantee of Videocon Industries Limited and personal guarantee of Mr. Venugopal N. Dhoot.

Banking Relations :	--
Auditors :
Name :	Kadam and Company Chartered Accountant
Address :	Vedant, 8/9, Viraj estate, Opp. Tarakpur bus stand, Ahmednagar – 414003, Maharashtra, India
Pan No.:	AAIFK3708R
Associates :	Techno Electronics Limited

CAPITAL STRUCTURE

AS ON 29.12.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
45000000	Equity Shares	Rs.10/- each	Rs. 450.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
37610000	Equity Shares	Rs.10/- each	Rs. 376.100 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		30.06.2011	30.06.2010	30.06.2009
SHAREHOLDERS FUNDS
1] Share Capital		376.100	376.100	376.100
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		4864.624	4545.243	4181.197
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		5240.724	4921.343	4557.297
LOAN FUNDS
1] Secured Loans		4207.650	4727.841	4913.026
2] Unsecured Loans		5249.996	1850.000	1999.966
TOTAL BORROWING		9457.645	6577.841	6912.992
DEFERRED TAX LIABILITIES		330.828	292.176	210.782
TOTAL		15029.198	11791.360	11681.071
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		2357.638	2631.049	1794.985
Capital work-in-progress		4149.797	904.927	1446.956
INVESTMENT		3986.588	2472.227	439.576
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	3365.384	3321.632	3032.892
	Sundry Debtors	2872.820	2852.122	2725.480
	Cash & Bank Balances	548.718	964.508	425.534
	Other Current Assets	65.297	105.211	0.000
	Loans & Advances	485.527	387.197	3533.767
Total Current Assets		7337.746	7630.670	9717.673
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1618.563	1587.549	1510.111
	Other Current Liabilities	1031.078	140.288	118.257
	Provisions	152.931	119.676	89.751
Total Current Liabilities		2802.572	1847.513	1718.119
Net Current Assets		4535.174	5783.157	7999.554
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		15029.198	11791.360	11681.071

PROFIT & LOSS ACCOUNT

	PARTICULARS		30.06.2011	30.06.2010	30.06.2009
	SALES
		Income	19532.361	18927.192	17854.500
		Other Income	30.474	27.910	38.400
		TOTAL (A)	19562.835	18955.102	17892.900
Less	EXPENSES
		Consumption materials changes inventories	16148.642	15768.388
		Manufacturing service costs	182.766	192.459	17471.300
		Employee related expenses	254.568	245.863
		Administrative Expenses	1224.087	1256.729
		Research development expenditure	0.000	0.576
		TOTAL (B)	17810.063	17464.015	17471.300
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1752.772	1491.087	[ Including
					Financial
Less	FINANCIAL EXPENSES (D)		1022.445	779.070	expenses and
					Depreciation]
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		730.327	712.017
Less/ Add	DEPRECIATION/ AMORTISATION (F)		280.843	271.600
	PROFIT BEFORE TAX (E-F) (G)		449.484	440.417	421.600
Less	TAX (H)		130.101	337.937	106.200
	PROFIT AFTER TAX (G-H) (I)		319.383	102.480	315.400
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		2514.824	2452.344	NA
Less	APPROPRIATIONS		30.000	40.000	NA
	BALANCE CARRIED TO THE B/S		2804.207	2514.824	NA
	IMPORTS
		Raw Materials	1536.394	1718.645	2252.209
	TOTAL IMPORTS		1536.394	1718.645	2252.209
	Earnings Per Share (Rs.)		8.49	9.68	9.30

KEY RATIOS

PARTICULARS		30.06.2011	30.06.2010	30.06.2009
PAT / Total Income	(%)	0.02	0.01	0.02
Net Profit Margin (PBT/Sales)	(%)	0.02	0.02	0.02
Return on Total Assets (PBT/Total Assets}	(%)	0.05	0.04	0.04
Return on Investment (ROI) (PBT/Networth)		0.09	0.09	0.09
Debt Equity Ratio (Total Liability/Networth)		0.53	1.77	1.94
Current Ratio (Current Asset/Current Liability)		2.62	4.13	5.66

LOCAL AGENCY FURTHER INFORMATION

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

Note :

Registered Office of the company has been shifted from 55, Ramniwas, 10^th Cross, 2^nd Stage, West off Chord Road, Mahalaxmipuram Post, Bangalore – 560086. to the present address w.e.f 30^th November, 2000

Financial Results:

During the year, the company has posted a stable performance. The company earned a Total Income of Rs.19562.900 Millions as against Rs. 18955.100 Millions for the previous financial year. Total Expenditure amounted to Rs. 19113.400 Millions as against Rs. 18514.700 Millions and Net Profits after Tax amounted to Rs. 311.600 Millions as against Rs. 358.800 Millions for the previous financial year.

Contingent Liability :

Particulars	As on 30.06.2011	As on 30.06.2010
Letter of Guarantees	48.972	63.017
Letter of Credit opened	965.976	859.690
Excise Duty demands under dispute	16.584	11.843
Service Tax Credit under dispute	14.920	1.835
Sales Tax demands under dispute	265.394	109.185
Total	1311.846	1045.57

Fixed Assets :

· Freehold Land

· Leasehold Land

· Building

· Plant and Machinery

· Electrical Installation

· Computers

· Furniture and Fixtures

· Office Equipments

· Vehicles

· Computer Software

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. 51.04
UK Pound	1	Rs. 81.08
Euro	1	Rs. 67.39

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
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	6
--CREDIT LINES	1~10	5
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	Yes
--LITIGATION	YES/NO	No
--OTHER ADVERSE INFORMATION	YES/NO	No
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	No
--EXPORT ACTIVITIES	YES/NO	No
--AFFILIATION	YES/NO	Yes
--LISTED	YES/NO	No
--OTHER MERIT FACTORS	YES/NO	Yes
TOTAL		49

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

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

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

RATING EXPLANATIONS

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

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

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