MIRA INFORM REPORT

Report Date :

26.04.2012

IDENTIFICATION DETAILS

Name :	DAMAN POLYTHREAD LIMITED (w.e.f 11.01.2012)
Formerly Known as:	DAMAN POLYTHREAD PRIVATE LIMITED
Registered Office :	Plot No. 732/736. Opp. Ringanwada Govternment School, Dabhel, Nani Daman, Daman and Diu – 396210, India
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	01.11.1999
Com. Reg. No.:	11-149950
Capital Investment / Paid-up Capital :	Rs.20.365 Millions
CIN No.: [Company Identification No.]	U17231MH1999PLC149950
TAN No.: [Tax Deduction & Collection Account No.]	MUMD12902B
PAN No.: [Permanent Account No.]	AABCD0702E
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer, Supplier and Exporter of Yarn (PPMF)
No. of Employees :	200 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 312000
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 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

INFORMATION PARTED BY

Name :	Mr. Naresh Narvikar
Designation :	Accounts Executive
Contact No.:	91-9870634528
Date :	25.04.2012

LOCATIONS

Registered Office :	Plot No.732/ 736, Opposite Ringanwada Government School, Dabhel, Nani Daman – 396 210, Union Territory, India
Tel. No.:	91-260-3201110
Mobile No.:	91-9870634528 (Mr. Naresh)
Fax No.:	91-260-2240208
E-Mail :	sales@damanpolythread.com info@damanpolythread.com accountsmumbai@damanpolythread.com
Website :	http://www.damanpolythread.com
Area :	2000 sq ft (Approximately)
Location :	Owned
Corporate Office :	5, Mirza Street, A.R. Street, 1^st Floor, Mumbai – 400 003, Maharashtra, India
Tel. No.:	91-22-23428993/ 32628993/ 23428720
Fax No.:	91-22-23428146

DIRECTORS

As on 30.09.2011

Name :

Mr. Mansoor Haroon Kudia

Designation :

Director

Address :

Flat No. 7, 3rd Floor, Zaveri Mansion, Gell Street, Agripada, Mumbai – 400011, Maharashtra, India

Date of Birth/Age :

05.04.1953

Date of Appointment :

11.08.2001

DIN No.:

00041567

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	U25209MH1989PTC053369	SAHIL PLASTIC PRIVATE LIMITED	Managing director	01-04-10	08-09-89	-	Active	NO
2	U26920MH1986PLC040931	HUMA POLY PLAST LIMITED	Managing director	05-12-10	05-12-95	-	Active	NO
3	U74999MH1993PTC075288	NOORI BARKATI ESTATES PRIVATE LIMITED	Director	09-02-98	09-02-98	-	Active	NO
4	U17231DD1999PLC004705	DAMAN POLYTHREAD LIMITED	Director	11-08-01	11-08-01	-	Active	NO

Name :

Mr. Sadik Toufik Kudia

Designation :

Whole-time director

Address :

Dastgir House, Maratha Mandir Marg, Club Back Road, 1st Floor, Mumbai – 400003, Maharashtra, India

Date of Birth/Age :

30.07.1975

Date of Appointment :

01.11.1999

DIN No.:

00041549

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	U17231DD1999PLC004705	DAMAN POLYTHREAD LIMITED	Whole-time director	01-11-99	01-11-99	-	Active	NO
2	U26920MH1986PLC040931	HUMA POLY PLAST LIMITED	Whole-time director	01-04-10	30-09-02	-	Active	NO

Name :

Mr. Mustafa Mansoor Kudia

Designation :

Managing director

Address :

Flat No. 7, 3rd Floor, Zaveri Mansion, Gell Street, Agripada, Mumbai – 400011, Maharashtra, India

Date of Birth/Age :

28.10.1978

Date of Appointment :

23.05.2000

DIN No.:

00041396

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	U17231DD1999PLC004705	DAMAN POLYTHREAD LIMITED	Managing director	01-04-10	23-05-00	-	Active	NO

Name :

Mr. Zaid Toufik Kudia

Designation :

Whole-time director

Address :

Dastigir House, Flat No.3, 1st Floor, Maratha Mandir Marg Mumbai – 400008, Maharashtra, India

Date of Birth/Age :

10.05.1982

Date of Appointment :

01.02.2004

DIN No.:

00041526

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	U17231DD1999PLC004705	DAMAN POLYTHREAD LIMITED	Whole-time director	01-02-09	01-02-04	-	Active	NO

Name :

Mr. Ujjair Rafik Kudia

Designation :

Whole-time director

Address :

4, Siraj Manzil, 1st Floor, Mumbai – 400008, Maharashtra, India

Date of Birth/Age :

28.11.1981

Date of Appointment :

01.02.2004

DIN No.:

00041495

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	U17231DD1999PLC004705	DAMAN POLYTHREAD LIMITED	Whole-time director	01-02-09	01-02-04	-	Active	NO

Name :

Mr. Mujammil Mansoor Kudia

Designation :

Whole-time director

Address :

Zaveri Mansion, Flat No. 7, 3rd Floor, Gell Street, Mumbai – 400011, Maharashtra, India

Date of Birth/Age :

17.02.1981

Qualification :

Engineer

Date of Appointment :

01.02.2004

DIN No.:

00041448

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	U17231DD1999PLC004705	DAMAN POLYTHREAD LIMITED	Whole-time director	01-02-09	01-02-04	-	Active	NO

Name :

Mr. Imran Haroon Kudia

Designation :

Whole-time director

Address :

107, Hasham Building, 4th Floor, Mohammedali Road, Mumbai – 400003, Maharashtra, India

Date of Birth/Age :

16.02.1970

Date of Appointment :

17.03.2006

DIN No.:

00108370

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	U26920MH1986PLC040931	HUMA POLY PLAST LIMITED	Whole-time director	01-04-10	12-08-94	-	Active	NO
2	U17231DD1999PLC004705	DAMAN POLYTHREAD LIMITED	Whole-time director	30-09-09	17-03-06	-	Active	NO

Name :

Mr. Mohammed Maaz Mansoor Kudia

Designation :

Whole-time director

Address :

Zaveri Mansion, 3^rd Floor, Flat No.7, 2^nd Motlibai Street, Agripada, Mumbai – 400 011, Maharashtra, India

Date of Birth/Age :

22.10.1986

Date of Appointment :

01.01.2008

DIN No.:

02027578

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	U17231DD1999PLC004705	DAMAN POLYTHREAD LIMITED	Whole-time director	01-04-08	01-01-08	-	Active	NO

Name :

Mr. Shabbir Abdul Latif Surti

Designation :

Director

Address :

407, 4TH Floor, Kohinoor Apartment,, Station Road, Jogeshwari (West), Mumbai – 400 102, Maharashtra, India

Date of Birth/Age :

27.05.1962

Date of Appointment :

01.09.2009

DIN No.:

00108299

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	U25209MH1989PTC053369	SAHIL PLASTIC PRIVATE LIMITED	Whole-time director	24-01-07	24-01-07	30-12-11	Active	NO
2	U17231DD1999PLC004705	DAMAN POLYTHREAD LIMITED	Director	30-09-09	01-09-09	-	Active	NO
3	U26920MH1986PLC040931	HUMA POLY PLAST LIMITED	Director	30-09-10	25-02-10	29-12-11	Active	NO

Name :

Mr. Mohammed Iqbal Ebrahim Esani

Designation :

Director

Address :

8/B/208, Kapadia Nagar, CST Road, Kurla (West), Mumbai – 400070, Maharashtra, India

Date of Birth/Age :

01.01.1954

Date of Appointment :

01.09.2009

DIN No.:

03111934

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	U17231DD1999PLC004705	DAMAN POLYTHREAD LIMITED	Director	30-09-09	01-09-09	-	Active	NO
2	U26920MH1986PLC040931	HUMA POLY PLAST LIMITED	Director	30-09-10	25-02-10	-	Active	NO

Name :

Mr. Haroon Gaffar Gaziani

Designation :

Director

Address :

Flat No 701, 7th floor, Patel Apartments Chambers Limited 'D' Wing 233/234 M A Road, Nagpada Junction, Mumbai – 400008, Maharashtra, India

Date of Birth/Age :

01.01.1947

Date of Appointment :

01.09.2009

DIN No.:

03180249

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	U17231DD1999PLC004705	DAMAN POLYTHREAD LIMITED	Director	30-09-09	01-09-09	-	Active	NO
2	U26920MH1986PLC040931	HUMA POLY PLAST LIMITED	Director	30-09-10	25-02-10	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Naresh Narvikar
Designation :	Accounts Executive

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders (Equity Shares)	No. of Shares
Kudia Toufik Sadik	45600
Kudia Taufik Junaid	48500
Kudia Mansoor Munira	119500
Kudia Haroon Toufik	112000
Kudia Faizal Gazala	73000
Kudia Haroon Asma	23500
Huma Poly Plast Limited	175000
Kudia Haroon Mansoor	73100
Kudia Mansoor Mustafa	21000
Kudia Haroon Javeed	55100
Kudia Haroon Rafik	51000

Names of Allottees (Redeemable Preference Shares)	No. of Shares
Surti Afzal Ahmed	8300
Surti Shakell Ahmed	1333
Kudia Haroon Javed	3333
Kudia Mansoor Munira	2830
Kudia Fazal Gazala	3998
Kudia Haroon Asma	1333
Surti Rauf Nafisa	2000
Kudia Mustafa Naseem	1331
Surti Abdul Latif Mustafa	10500
Surti Abdul Latif Shabbir	3833
Kudia Mujammil Mahenoor	3350
Kudia Mustafa Safiya	3350

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2011

Category	Percentage
Bodies corporate	14.00
Directors or relatives of Directors	86.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer, Supplier and Exporter of Yarn (PPMF)
Products :	Multifilament Yarn
Exports :
Products :	Yarn
Countries :	Australia Bangladesh Gulf Dubai Ethiopia
Imports :
Products :	Granules
Countries :	Gulf
Terms :
Selling :	L/C and Advance (60-90 Days)
Purchasing :	L/C and Advance (60-90 Days)

GENERAL INFORMATION

Suppliers :

• Reliance Industries

Customers :

Manufacture

• Big Bag International Private Limited
• Khosla Profile Private Limited

No. of Employees :

200 (Approximately)

Bankers :

• Bank of Baroda, Mangaldas Market, Mumbai Branch, Mumbai – 400 002, Maharashtra, India
• HDFC Bank

Facilities :

Secured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
From Bank of Baroda (25580500003810)	0.657	0.162
From Bank of Baroda (T/L 04040600000373)	12.480	16.640
From Bank of Baroda (T/L 04040600000020)	8.337	14.999
From Bank of Baroda (T/L 04040600000510)	11.795	0.000
From Bank of Baroda(04040500000063)	24.231	29.323
HDFC Bank Honda Jazz	0.336	0.538
Total	57.836	61.662
]
Unsecured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
From Directors	11.788	11.638
Total	11.788	11.638

Banking Relations :	--
Auditors :
Name :	M.A. Parekh and Associates Chartered Accountants
Address :	543, Kalbadevi Road, Ravindra House, 2^nd Floor, Near Metro, Mumbai – 400 002, Maharashtra, India
Ph No.:	91-22-22073701
Email :	ca.maprekh@gmail.com
PAN.:	AACPP6839J
Associates :	Sahil Plastic Private Limited, Mumbai Asma Stores Plastics Cottage Indus Humia Polyplast Limited

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
1500000	Equity Shares	Rs.10/- each	Rs.15.000 Millions
100000	Redeemable Preference Share	Rs.100/- each	Rs.10.000 Millions
	TOTAL		Rs.25.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1250300	Equity Shares	Rs.10/- each	12.503 Millions
78624	Redeemable Preference Share	Rs.100/- each	7.862 Millions
	TOTAL		Rs.20.365 Millions

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		20.365	20.365	20.365
2] Share Application Money		0.000	0.000	0.350
3] Reserves & Surplus		57.582	46.230	37.236
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		77.947	66.595	57.951
LOAN FUNDS
1] Secured Loans		57.836	61.662	63.866
2] Unsecured Loans		11.788	11.638	12.583
TOTAL BORROWING		69.624	73.300	76.449
DEFERRED TAX LIABILITIES		0.002	0.000	0.000
TOTAL		147.573	139.895	134.400
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		101.119	67.748	73.577
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	1.407	0.503
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	34.578	16.840	15.958
	Sundry Debtors	58.414	48.624	42.348
	Cash & Bank Balances	0.419	20.504	11.337
	Other Current Assets	2.595	0.000	0.000
	Loans & Advances	22.157	21.349	14.414
Total Current Assets		118.163	107.317	84.057
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	55.208	21.115	14.444
	Other Current Liabilities	11.326	9.012	6.098
	Provisions	5.175	6.450	3.195
Total Current Liabilities		71.709	36.577	23.737
Net Current Assets		46.454	70.740	60.320
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		147.573	139.895	134.400

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	401.411	301.878	248.516
		Other Income	0.034	0.728	0.460
		TOTAL (A)	401.445	302.606	248.976
Less	EXPENSES
		Manufacturing, Operating and Other Expenses	359.904	266.201	217.309
		Preliminery Expenses Written Off	0.000	0.000	0.074
		TOTAL (B)	359.904	266.201	217.383
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		41.541	36.405	31.593
Less	FINANCIAL EXPENSES (D)		8.397	6.131	7.181
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		33.144	30.274	24.412
Less/ Add	DEPRECIATION/ AMORTISATION (F)		13.818	14.318	13.363
	PROFIT BEFORE TAX (E-F) (G)		19.326	15.956	11.049
Less	TAX (H)		5.175	6.450	3.040
	PROFIT AFTER TAX (G-H) (I)		14.151	9.506	8.009
Add	Excess Provision for Tax of Earlier Year		0.021	0.006	0.000
Less	Deferred Tax Liabilities		(1.409)	0.000	(0.155)
Add	Deferred Tax Assets		0.000	0.904	0.701
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		40.299	31.304	24.170
Less	APPROPRIATIONS
		Proposed Equity Share Dividend	0.625	0.625	0.625
		Dividend Tax on Equity Share Dividend	0.101	0.106	0.106
		Proposed Preference Share Dividend	0.590	0.590	0.590
		Dividend Tax on Preference Share Dividend	0.096	0.100	0.100
	BALANCE CARRIED TO THE B/S		51.650	40.299	31.304
	EARNINGS IN FOREIGN CURRENCY		0.001	0.688	0.000
	Earnings Per Share (Rs.)		15.00	13.00	9.00

Particulars	31.03.2012
Sales Turnover (Approximately)	530.000

Expected Sales (2012-13) : Rs.700.000 Millions (Business Expansion)

The above information has been parted by Mr. Naresh – Accountant

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	3.53	3.14	3.22
Net Profit Margin (PBT/Sales)	(%)	4.81	5.29	4.45
Return on Total Assets (PBT/Total Assets}	(%)	8.81	9.11	7.01
Return on Investment (ROI) (PBT/Networth)		0.25	0.24	0.19
Debt Equity Ratio (Total Liability/Networth)		1.81	1.65	1.73
Current Ratio (Current Asset/Current Liability)		1.65	2.93	3.54

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) Constitutions 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	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	Yes
13) Reasons for variation <> 20%	Yes
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	--
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	Yes
29) Last accounts filed at ROC	Yes
30) Major Shareholders, if available	Yes

DETAILS OF SUNDRY CREDITORS

Particulars	31.03.2011	31.03.2010	31.03.2009
Sundry Creditors	Rs. in Millions
For Raw Material	55.208	21.115	14.444

Note: The registered office address has been changed from 5, Mirza Street, A.R.Street,1st Floor, Mumbai – 400003, Maharashtra, India to Present Address w.e.f 18.01.2012

OPERATION

The turnover during the year has increased to Rs.401.445 millions from Rs.302.606 millions as compared to last year including other income. The profit before tax is Rs.19.327 millions. The Company is looking forward for better prospect in coming years.

Form 8

Corporate identity number of the company	U17231MH1999PLC149950
Name of the company	DAMAN POLYTHREAD LIMITED
Address of the registered office or of the principal place of business in India of the company	5, Mirza Street, A.R. Street, 1^st Floor, Mumbai – 400 003, Maharashtra, India Email: sales@threadlon.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	80010843
Type of charge	Immovable Property
Particular of charge holder	Bank of Baroda, Mangaldas Market, Mumbai Branch, Mumbai – 400 002, Maharashtra, India E-Mail: shirishshetye@gmail.com
Nature of instrument creating charge	Supplementary Memorandum of Entry Regarding Extension of Equitable Mortgage.
Date of instrument Creating the charge	15.10.2010
Amount secured by the charge	Rs.134.460 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Interest on the cash credit limit at the rate of 5.50% over Base Rate of the Bank per annum with monthly rests. Terms of Repayment On Demand. Margin 25% on Stocks. 40% on Book Debts. 25/30% on Moveable Machinery. 25% cash margin in respect of LC & Guarantee facility. Extent and Operation of the charge The charge is modified to secure Term Loan I -Rs.9.900 millions, Term Loan II - Rs.14.560 millions, Term Loan III (Fresh)- Rs.47.500 millions [with sub-limit : FGN LC (CAPEX) (DA 180 days one time) -Rs.32.500 millions], Cash Credit (Hypothecation of Stock and Bad Debts) -Rs.45.000 millions [with sub-limit : Parking limit at SSI Daman Branch -Rs.1.000 millions and LC (Inland/FGN) (DP/DA up to 90 days) -Rs.12.500 millions], Inland/Import LCs (DP/DA up to 90 days) - Rs.12.500 millions and Bank Guarantee -Rs.5.000 millions, aggregating to Rs.134.460 millions Others The charge amount of Rs.13,44,60,000/- is secured together with interest, addl. interest, further interest by way of liquidated damages, compound interest, commitment charges, commission, premia on prepayment, cost and charges.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	All that piece and parcel of N.A. land bearing S.No.732/2 and S.No.736/6 adm. 1600 sq. mtrs. And 900 sq. mtrs. Respectively totally adm. 2500 sq. mtrs. at Village Dabhel, Taluka Nani Daman.
Date of instrument modifying the charge	15.10.2010
Particulars of the present modification	The charge on immovable properties is increased up to Rs.134.460 millions to cover Term Loan I -Rs.9.900 millions, Term Loan II - Rs.14.560 millions, Term Loan III (Fresh)- Rs.47.500 millions [with sub-limit : FGN LC (CAPEX) (DA 180 days one time) -Rs.32.500 millions], Cash Credit (Hypothecation of Stock and Bad Debts) -Rs.45.000 millions [with sub-limit : Parking limit at SSI Daman Branch -Rs.1.000 millions and LC (Inland/FGN) (DP/DA up to 90 days) -Rs.12.500 millions], Inland/Import LCs (DP/DA up to 90 days) - Rs.12.500 millions and Bank Guarantee -Rs.5.000 millions

TRADE REFERENCES

• Reliance Industries

• Big Bag International Private Limited
• Khosla Profile Private Limited

FIXED ASSETS

• Factory Building
• Factory Land
• Plant and Machinery
• Furniture and Fixtures
• Office Equipments
• Air Conditioner
• Electrical Installations
• D.G. Set
• Borewell
• Fridge
• Television
• Honda City
• Indica Car
• Mobile Set
• Maruti Swift
• Motor Cycle

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.52.48
UK Pound	1	Rs.84.66
Euro	1	Rs.67.85

INFORMATION DETAILS

Information Gathered by :	SBA
Report Prepared by :	MYI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	---
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		45

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

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

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

RATING EXPLANATIONS

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

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

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