MIRA INFORM REPORT

Report Date :

18.04.2012

IDENTIFICATION DETAILS

Name :	PARKSONS PACKAGING LIMITED
Registered Office :	Unit No. 2, Survey No. 11 and 13, Ringanwada, Nani Daman, Daman – 396210, U.T., Daman and Diu
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	20.04.1996
Com. Reg. No.:	56-003450
Capital Investment/ Paid-up Capital:	Rs. 126.757 Millions
CIN No.: [Company Identification No.]	U21029DD1996PLC003450
TAN No.: [Tax Deduction & Collection Account No.]	MUMP17332A
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer, Exporter, Importer of Printed Paper Board Cartons.
No. of Employees:	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

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

Maximum Credit Limit :	USD 4500000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The concern can be considered normal for business dealings at usual trade terms and conditions.

NOTES:

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

ECGC Country Risk Classification List – 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 / Factory 1 :	Unit No. 2, Survey No. 11 and 13, Ringanwada, Nani Daman, Daman – 396210, U.T., Daman and Diu
Tel. No.:	91-260-2240762 / 63, 2243761 / 63
Fax No.:	91-260-2243340 / 2240762
E-Mail :	parksons@daman.parksonspackaging.com parksons@parksonspackaging.com jajum@parksonspackaging.com
Website :	http://www.parksonspackaging.com
Location :	Owned
Corporate Office :	41/B, Lalbaug Industrial Estate, Dr. Ambedkar Road, Lalbaug, Mumbai – 400012, Maharashtra, India
Tel. No.:	91-22-66667200 / 66635200 / 24700545 / 24716401 / 02
Fax No.:	91-22-66667201 / 66635201
Factory 2 :	Gat 357-77, 79, 81, Chakan Talegaon Road, Kharabwadi, Tal Khed, Pune - 410501, Maharashtra, India
Tel. No.:	91-2135-668600
Fax No.:	91-2135-668650
E-Mail :	parksons@pune.parksonspackaging.com
Location :	Owned

DIRECTORS

AS ON 30.09.2011

Name :	Mr. Ramesh Kejriwal
Designation :	Managing Director
Address :	1101, Saarthi, 33, K. M. Munshi Marg, Chowpathy, Mumbai – 400007, Maharashtra, India
Date of Birth/Age :	05.10.1950
Date of Appointment :	26.04.1996
Din No.:	00214028

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	U51900MH1990PTC055041	CORAL TRADING AND AGENCIES PRIVATE LIMITED	Director	24-01-90	24-01-90	-	Amalgamated	NO
2	U51900MH1990PTC055039	KIHIM TRADERS PRIVATE LIMITED	Director	29-01-90	29-01-90	-	Amalgamated	NO
3	U21029DD1996PLC003450	PARKSONS PACKAGING LIMITED	Managing director	16-08-10	26-04-96	-	Active	NO
4	U15200MH1999PTC119809	SUNIDHI FOODS PRIVATE LIMITED	Director	11-05-99	11-05-99	-	Active	NO
5	U51900MH1990PTC055040	SEACREST TRADING AND AGENCIES PRIVATE LIMITED	Director	29-05-99	29-05-99	-	Amalgamated	NO
6	U21010MH1965GAP013226	INDIAN FLEXIBLE PACKAGING AND FOLDING CARTON MANUFACTURERS ASSOCIATION	Director	02-08-02	02-08-02	-	Active	NO
7	U22219MH1980PTC023358	PARKSONS PRESS PRIVATE LIMITED	Director	29-09-06	29-09-06	-	Active	NO
8	U36912MH2010PTC207708	PARKSONS CARTAMUNDI PRIVATE LIMITED	Director	15-09-10	15-09-10	24-11-10	Active	NO

Name :	Mrs. Anjali Devi Kejriwal
Designation :	Director
Address :	1101, Saarthi, 33, K. M. Munshi Marg, Chowpathy, Mumbai – 400007, Maharashtra, India
Date of Birth/Age :	28.09.1954
Date of Appointment :	02.07.2001
Din No.:	00252407

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	U51900MH1990PTC055041	CORAL TRADING AND AGENCIES PRIVATE LIMITED	Director	24-01-90	24-01-90	Amalgamated	NO
2	U15200MH1999PTC119809	SUNIDHI FOODS PRIVATE LIMITED	Director	11-05-99	11-05-99	Active	NO
3	U51900MH1990PTC055040	SEACREST TRADING AND AGENCIES PRIVATE LIMITED	Director	29-05-99	29-05-99	Amalgamated	NO
4	U21029DD1996PLC003450	PARKSONS PACKAGING LIMITED	Director	02-07-01	02-07-01	Active	NO

Name :	Mr. Siddharth Kejriwal
Designation :	Director
Address :	1301, Saarthi, 33, K. M. Munshi Marg, Chowpathy, Mumbai – 400007, Maharashtra, India
Date of Birth/Age :	19.07.1973
Date of Appointment :	26.04.1996
Din No.:	00263780

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	U21029DD1996PLC003450	PARKSONS PACKAGING LIMITED	Whole-time director	01-04-11	26-04-96	Active	NO
2	U15200MH1999PTC119809	SUNIDHI FOODS PRIVATE LIMITED	Director	11-05-99	11-05-99	Active	NO
3	U22219MH1980PTC023358	PARKSONS PRESS PRIVATE LIMITED	Director	29-09-06	29-09-06	Active	NO

Name :	Mr. Chaitanya Kejriwal
Designation :	Whole time Director
Address :	1201, Saarthi, 33, K. M. Munshi Marg, Chowpathy, Mumbai – 400007, Maharashtra, India
Date of Birth/Age :	08.10.1979
Date of Appointment :	19.11.2001
Din No.:	00214045

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	U21029DD1996PLC003450	PARKSONS PACKAGING LIMITED	Whole-time director	01-04-11	19-11-01	-	Active	NO
2	U22219MH1980PTC023358	PARKSONS PRESS PRIVATE LIMITED	Director	28-09-07	24-11-06	-	Active	NO
3	U36912MH2010PTC207708	PARKSONS CARTAMUNDI PRIVATE LIMITED	Director	15-09-10	15-09-10	24-11-10	Active	NO

Name :	Mr. Ashok Chokani
Designation :	Director
Address :	502, The Angle, Krishana Sangli Path, Gandevi, Mumbai – 400007, Maharashtra, India
Date of Birth/Age :	10.11.1944
Date of Appointment :	21.03.2003
Din No.:	01331167

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	U24230MH1977PTC019716	JUPITER DYE CHEM PRIVATE LIMITED	Director	22-06-77	22-06-77	Active	NO
2	U65990MH1990PTC056824	SANCHAY HOLDINGS PRIVATE LIMITED	Director	12-06-90	12-06-90	Active	NO
3	U67120MH1992PTC070064	NIKNIM HOLDINGS PRIVATE LIMITED	Director	18-12-92	18-12-92	Active	NO
4	U28129MH1994PTC077571	NISHFLEX PACKAGING PRIVATE LIMITED	Director	06-04-94	06-04-94	Active	NO
5	U45202MH1994PTC079958	LEHAR PROPERTIES PRIVATE LIMITED	Director	29-07-94	29-07-94	Active	NO
6	U21029DD1996PLC003450	PARKSONS PACKAGING LIMITED	Director	21-03-03	21-03-03	Active	NO

Name :	Mr. Suresh S Saksaria
Designation :	Director
Address :	Sea Shell, 1^st Floor, 13, Darabsha Lane, Off. Nepeansea Road, Mumbai – 400006, Maharashtra, India
Date of Birth/Age :	02.01.1949
Date of Appointment :	21.03.2003
Din No.:	00276580

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	U67120MH1992PTC066843	TRIDHARA SECURITIES PRIVATE LIMITED	Director	25-09-93	25-09-93	Active	NO
2	U65990MH1994PTC082334	ASCOT SECURITIES AND FINANCE PRIVATE LIMITED	Director	05-10-95	05-10-95	Active	NO
3	U21029DD1996PLC003450	PARKSONS PACKAGING LIMITED	Director	21-03-03	21-03-03	Active	NO
4	U51909WB1997PTC085204	ASHIANA MERCANTILE PRIVATE LIMITED	Additional director	30-03-07	30-03-07	Active	NO

Name :	Mr. Kunal Shroff
Designation :	Director
Address :	8, Jay Mahal, 1^st Floor, A Road, Churchgate, Mumbai – 400020, Maharashtra, India
Date of Birth/Age :	01.12.1974
Date of Appointment :	30.09.2006
Din No.:	00240439

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	U67190DL2004PTC129065	CHRYSCAPITAL INVESTMENT ADVISORS (INDIA) PRIVATE LIMITED.	Director	14-09-04	14-09-04	Active	NO
2	L45209WB1924PLC004969	SIMPLEX INFRASTRUCTURES LIMITED	Director	19-09-07	19-05-06	Active	NO
3	U21029DD1996PLC003450	PARKSONS PACKAGING LIMITED	Nominee director	30-09-06	30-09-06	Active	NO
4	L45203MH2001PLC131728	GAMMON INFRASTRUCTURE PROJECTS LIMITED	Director	26-09-11	12-04-11	Active	NO

KEY EXECUTIVES

Name :	Mr. Manoj Jaju
Designation :	Company Secretary and Deputy GM Finance and Accounts
Address :	605, B Srinath Nagar CHS, Shiv Vallabh Road, Ashokvan, Dahisar – East, Mumbai – 400068, Maharashtra, India
Date of Birth/Age :	14.02.1972
Date of Appointment :	24.05.2004

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2011

Names of Shareholders	No. of Shares	Percentage of Holding
Ramesh Badriprasad Kejriwal	1533260	12.10
Sajjan Kejriwal	1396780	11.02
Anjali Devi Kejriwal	342000	2.70
Asha Devi Kejriwal	745434	5.88
Ramesh Kejriwal	16030	0.13
Sajjan Kejriwal	835630	6.59
Kapil Kejriwal	283880	2.24
Ramesh Kejriwal	227440	1.79
Nidhi Kejriwal	1279150	10.09
Chaitanya Ramesh Kejriwal	584730	4.61
Ramesh Kejriwal	757140	5.97
Siddharth Ramesh Kejriwal	1802140	14.22
Siddharth Ramesh Kejriwal	53440	0.42
M/s Parksons Press Private Limited, India	142680	1.13
Shaili Kejriwal	246	0.00
M/s. Goya Limited, India	2658222	20.97
R. Srikanth	10000	0.08
Shailesh Potdar	7500	0.06
Total	12675702	100.00

AS ON 30.09.2011

Category	Percentage
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	21.00
Bodies corporate	1.00
Directors or relatives of directors	78.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer, Exporter, Importer of Printed Paper Board Cartons.

Products :

ITC Code No.	Product Description
Not Available	Folding Printed Carton

PRODUCTION STATUS (31.03.2010)

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Cartons and Labels	No. in Lacs	NA	NA	0.013

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Standard Chartered Bank, Narain Manzil, 23, Barakhamba Road, New Delhi – 110001, India

Facilities :

Secured Loans	31.03.2011 Rs. in Millions	31.03.2010 Rs. in Millions
Working Capital loan	438.239	129.120
Rupee term loans	259.772	201.568
Foreign currency loans	587.599	727.666
From banks	1.534	2.686
From others	--	--
Total	1287.144	1061.040

Note:

1) Working capital loans is taken form State Bank of India (SBI) and Standard Chartered Bank (SCB) secured on pari passu basis by way of (a) Hypothecation of all current assest present and future. (b) 2nd charge by way of equitable mortgage on immovable fixed and hypothecation of movable fixed assets.

2)

1) Rupee Term Loan of Rs. 179.772 Millions, Foreign currency loan of Rs. 249.993 Millions taken from SBI and SCB are secured on pari passu basis by way of (a) Equitable mortgage of immovable property being land along with structure standing thereon bearing survey no. 11/2,11/3,11/4,13/1,13/2,13/3,728/5, 728/7, 728/8, 728/9 and 728/10 Ringanwada, Nani daman, daman at gate no. 357/77, 79, 81 village Kharabwadi at Chakan Pune. (b) Hypothecation of entire present and future machines and other movable fixed assets of the company at Daman and Chakan, (c) extention of 2nd hypothecation charges on pari passu basis with SCB on entire current assets, present and future.

2) Corporate loan of Rs 80.000 Millions taken from SBI is secured by way of (a) Hypothecation of al current assets, present and future (b) 2^nd charge by way of equitable mortgage on immovable fixed assets and hypothecation of fixed movable assets.

3) Foreign currency loan of Rs. 323.712 Millions availed from SCB is secured by exclusive first charge by way of (a) equitable mortgage od immovable property being lease hold land at Plot no. 23 and 24, sector number 4, IIE, sidcul Pantanagar and structure thereon; (b) hypothecation of entire present and future machine and other movable fixed assets of the company at Pantanagar (Uttarakhand).

4) Vehicle loan is secured by hypothecation of respective vehicles.

Foreign currency loan in working capital loan/ cash credit facilities included buyer's credit amounting to Rs. 13.892 Millions (p.y. Rs NIL) and foreign currency loan in term loan also includes buyer's credit amounting to Rs. 51.301 Millions.

Banking Relations :	--
Auditors :
Name :	S.R. Batliboi And Company Chartered Accountant
Address :	Jalan Mill Compound, 95, Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013, Maharashtra, India
Pan No.:	AALFS0506L

CAPITAL STRUCTURE

AS ON 30.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
20000000	Equity Share	Rs.10/- each	Rs. 200.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
12675702	Equity Share	Rs.10/- each	Rs. 126.757 Millions

Of the above:

1) 2625 shares of Rs.10 each allotted to employees under stock option scheme.

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		126.757	126.731	126.696
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		1022.576	869.690	748.556
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		1149.333	996.421	875.252
LOAN FUNDS
1] Secured Loans		1287.144	1061.041	1005.926
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		1287.144	1061.041	1005.926
DEFERRED TAX LIABILITIES		167.163	149.188	91.783
TOTAL		2603.640	2206.650	1972.961
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1846.300	1644.040	1473.817
Capital work-in-progress		40.002	9.143	2.064
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	378.123	351.885	295.620
	Sundry Debtors	480.756	370.564	273.020
	Cash & Bank Balances	1.999	17.393	27.860
	Other Current Assets	84.028	63.192	0.000
	Loans & Advances	39.271	44.060	69.868
Total Current Assets		984.177	847.094	666.368
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	198.562	187.756	0.000
	Other Current Liabilities	47.016	73.819	120.417
	Provisions	21.261	32.052	48.871
Total Current Liabilities		266.839	293.627	169.288
Net Current Assets		717.338	553.467	497.080
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		2603.640	2206.650	1972.961

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2011	31.03.2010	31.03.2009
	SALES
		Income		2616.714	1936.246	1506.629
		Other Income		35.565	38.437	10.001
		TOTAL (A)		2652.279	1974.683	1516.630
Less	EXPENSES
		Consumption materials charges inventories		1637.885	1143.968
		Manufacturing service costs		263.064	220.939	1352.161
		Employee related Expenses		217.212	154.755
		Administrative selling other Expenses		74.824	70.507
		TOTAL (B)		2192.985	1590.169	1352.161
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			459.294	384.514	164.469
Less	FINANCIAL EXPENSES (D)			118.073	81.348	83.293
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			341.221	303.166	81.176
Less/ Add	DEPRECIATION/ AMORTISATION (F)			150.600	124.046	116.266
	PROFIT BEFORE TAX (E-F) (G)			190.621	179.120	(35.090)
Less	TAX (H)			37.925	58.220	2.467
	PROFIT AFTER TAX (G-H) (I)			152.696	120.900	(37.557)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD			411.259	290.359	338.913
	BALANCE CARRIED TO THE B/S			563.955	411.259	301.356
	EARNINGS IN FOREIGN CURRENCY
			Export Earnings		282.569	128.122
			Other Earnings	435.941	102.603	141.978
	TOTAL EARNINGS			435.941	385.172	270.100
	IMPORTS
			Raw Materials / Stores & Spares	103.678	102.188	142.352
			Capital Goods	187.881	204.534	132.722
	TOTAL IMPORTS			291.559	306.722	275.074
	Earnings Per Share (Rs.)			12.05	9.54	(2.97)

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.06	0.06	(0.02)
Net Profit Margin (PBT/Sales)	(%)	0.07	0.09	(0.02)
Return on Total Assets (PBT/Total Assets}	(%)	0.19	0.21	(0.05)
Return on Investment (ROI) (PBT/Networth)		0.17	0.18	(0.04)
Debt Equity Ratio (Total Liability/Networth)		0.23	0.29	0.19
Current Ratio (Current Asset/Current Liability)		3.69	2.88	3.94

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report (Yes / No)
Year of Establishment	Yes
Locality of the firm	Yes
Constructions of the firm	Yes
Premises details	No
Type of Business	Yes
Line of Business	Yes
Promoter’s background	Yes
No. of Employees	No
Name of person contacted	No
Designation of contact person	No
Turnover of firm for last three years	Yes
Profitability for last three years	Yes
Reasons for variation <> 20%	-----------
Estimation for coming financial year	No
Capital in the business	Yes
Details of sister concerns	No
Major suppliers	No
Major customers	No
Payments terms	No
Export / Import details	No
Market information	----------
Litigations that the firm / promoter involved	----------
Banking Details	Yes
Banking facility details	Yes
Conduct of the banking account	----------
Buyer visit details	----------
Financials, if provided	Yes
Incorporation details, if applicable	Yes
Last accounts filed at ROC	Yes
Major Shareholders, if available	Yes

Company Performance:

During the year the company recorded a Net Sales of Rs. 2640.702 Millions, registering a growth of around 35%. Total cartons produced 1689.800 Millions as against Rs.1346.300 Millions of last year. The company has posted pretax profit of Rs. 190.621 Millions as against Rs. 179.120 Millions in previous year.

Awards and Achievements:

The company has been awarded by PFFCA, India Star and IPAMA awards during the year.

Industrial Outlook:

The current wave of economic development in India is being seen from all over the world. The Prospects and future of the Indian Economy is bright. However Global slowdown more specifically in Europe and America will also have impact on the Indian Economy.

Packaging Industry being integral part of the Indian economy is also showing depth in its growth how will have great challenges going ahead to face the possible impact of Global slowdown.

New Project and Future Outlook:

The companys packaging and printing business continues to make investments in world class technology to provide high quality of folding cartons. Company in the financial year 2010-2011 has invested Rs. 239.800 Millions in purchasing the machineries to enhance the production capacity.

The raising interest on loans and inflation will be the factor for the company to monitor it continuously and take precautionary measures company will look for superior product mix and several cost management initiatives.

Contingent Liability:

Contingent Liabilities not provided in respect of:

• Import Duty of Rs.112.751 Millions, if export obligation under EPCG Scheme against import of capital goods, is not fulfilled within the stipulated period as per the scheme.
• Import Duty of Rs. 2,692 Millions, if export obligation against advance licenses issued in favour of the company, for the import of raw materials is not fulfilled within the stipulated period.
• Estimated amount of contracts remaining to be executed on capital account and not provided for Rs.1.311 Millions.

Banker Charges:

Corporate identity number of the company	U21029DD1996PLC003450
Name of the company	PARKSONS PACKAGING LIMITED
Address of the registered office or of the principal place of business in India of the company	Survey No. 11 and 13, Ringanwada, Nani Daman, Daman – 396210, U.T., Daman and Diu, India Email: jajum@parksonspacking.com
This form is for	Creation of charge
Type of charge	Movable Property (not being pledge)
Particular of charge holder	Standard Chartered Bank, Narain Manzil, 23, Barakhamba Road, New Delhi – 110001, India
Nature of description of the instrument creating or modifying the charge	a) Unattested Memorandum of Hypothecation b) Letter both pertaining to a single charge.
Date of instrument Creating the charge	17.02.2012
Amount secured by the charge	Rs. 7.776 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest Interest/Commission - As agreed by and with the Bank from time to time. Terms of Repayment As agreed by and with the Bank from time to time Margin As applicable, if any Extent and Operation of the charge The Bank is having First and exclusive charge on security given by the company. Others First and exclusive charge on security as specified in Schedule of attached Agreement and Annexure has been created in favour of Bank for purpose of securing credit facility to the extent of USD 158,000 granted to company. For the purpose of filing Form 8, the facility amt equivalent in INR has been calculated at the prevailing foreign exchange rate i.e. (1 USD = INR 49.22 approx).
Short particulars of the property charged	Hypothecation by way of first and exclusive charge on fully automatic water based PP Film laminating Machine (with Twin Disc-Knife + Flying - Knife systems)

Fixed Assets :

• Free hold land
• Lease hold land
• Factory Building
• Plant and Machinery
• Furniture and Fixtures
• Office Equipments
• Vehicles
• Computers

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. 51.62
UK Pound	1	Rs. 81.93
Euro	1	Rs. 67.65

SCORE & RATING EXPLANATIONS

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

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

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

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

RATING EXPLANATIONS

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

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

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