1. Summary Information

		Country	India
Company Name	ANSAPACK PRIVATE LIMITED	Principal Name 1	Mr. Anil Gopal Sharma
Status	Good	Principal Name 2	Mr. Gautam Arvind Agarwal
		Registration #	11-084095
Street Address	The Simplex Mills Compound 1^st Floor, Above State Bank of India, 30 K. K. Marg, Jacob Circle E, Byculla (West), Mumbai – 400 011, Maharashtra, India
Established Date	28.12.1994	SIC Code	--
Telephone#	91-22-23020260 / 23020253	Business Style 1	Manufacturer
Fax #	91-22-23006409 / 23006405	Business Style 2	Multi Layer Lamination, Screen Printing Material.
Homepage	http://www.ansapack.com	Product Name 1	Packaging materials
# of employees	1100 (Approximately	Product Name 2	--
Paid up capital	Rs.644,000/-	Product Name 3	--
Shareholders	Bodies corporate – 80.00% Directors or relatives of Directors – 16.00% Other top fifty shareholders – 4.00%	Banking	Axis Bank Limited
Public Limited Corp.	No	Business Period	18 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	Ba (52)
Related Company
Relation	Country	Company Name	CEO
Associates	--	Adtiya Agarwal Investment (Bombay) Private Limited	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	368,644,000	Current Liabilities	230,251,000
Inventories	262,320,000	Long-term Liabilities	471,976,000
Fixed Assets	354,604,000	Other Liabilities	76,643,000
Deferred Assets	--	Total Liabilities	778,870,000
Invest& other Assets	102,002,000	Retained Earnings
		Net Worth	308,700,000
Total Assets	1,087,570,000	Total Liab. & Equity	1,087,570,000
Total Assets (Previous Year)	816,769,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	NA	Net Profit	28,497,000
Sales(Previous yr)	839,681,000	Net Profit(Prev.yr)	24,721,000

MIRA INFORM REPORT

Report Date :

28.04.2012

IDENTIFICATION DETAILS

Name :	ANSAPACK PRIVATE LIMITED (w.e.f. 26.02.2011)
Formerly Known As :	ANSA PRINTPACK PRIVATE LIMITED
Registered Office :	The Simplex Mills Compound 1^st Floor, Above State Bank of India, 30 K. K. Marg, Jacob Circle , Byculla (West), Mumbai – 400 011, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	28.12.1994
Com. Reg. No.:	11-084095
Capital Investment / Paid-up Capital :	Rs.0.644 Million
CIN No.: [Company Identification No.]	U21000MH1994PTC084095
TAN No.: [Tax Deduction & Collection Account No.]	MUMA21835C
PAN No.: [Permanent Account No.]	AAACA4849G
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Multi Layer Lamination, Screen Printing Material.
No. of Employees :	1100 (Approximately) (100 Permanent, 1000-Contract Base )

RATING & COMMENTS

MIRA’s Rating :

Ba (52)

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

Maximum Credit Limit :	USD 1200000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having fine track. General financial position of the company is good. 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.

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 :	The Simplex Mills Compound 1^st Floor, K. K. Marg, Jacob Circle, Byculla (West), Mumbai – 400 011, Maharashtra, India
Tel. No.:	91-22-23020260 / 23020253
Mobile No.	91-9867020266 (Mr. Suresh Menon) (General Manager Marketing )
Fax No.:	91-22-23006409 / 23006405
E-Mail :	ansabomacc@anspack.com pchitre@ansapack.com nkaniyalan@ansapack.com
Website :	http://www.ansapack.com
Area :	2000 Sq.ft
Location :	Rented
Factory 1 :	12, Industrial Estate, Opposite Swastik Oil Mill, Ambernath, Thane - 421501, Maharashtra, India
Tel. No.:	91-251-2684092
Area :	25000 sq ft
Location :	Owned
Factory 2 :	Block No. 52m Mouje Kunvada, Taluka-Mangrol, District Surat, Gujarat, India
Area :	50000 sq ft
Location :	Owned

DIRECTORS

As on 30.09.2011

Name :

Mr. Anil Gopal Sharma

Designation :

Director

Address :

A-7, Parekh Apartments, Raheja Towership, Malad (West), Mumbai – 400 097, Maharashtra, India

Date of Birth/Age :

13.11.1958

Qualification :

Graduate

Date of Appointment :

15.12.2003

DIN No.

01096010

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	U26109MH2002PTC137008	ANSA DECOGLASS PRIVATE LIMITED	DIRECTOR	12/12/2002	12/12/2002	-	ACTIVE	NO
2	U51900MH1982PTC027754	ANSA PACKAGING PRODUCTS PRIVATE LIMITED	DIRECTOR	15/12/2003	15/12/2003	-	AMALGAMATED	NO
3	U21000MH1994PTC084095	ANSAPACK PRIVATE LIMITED	DIRECTOR	15/12/2003	15/12/2003	-	ACTIVE	NO
4	U67120MH1994PTC078488	ECOFRIENDLY CORPACK PRIVATE LIMITED	DIRECTOR	3/3/2007	3/3/2007	-	ACTIVE	NO
5	U25193MH2008PTC185876	ANSA FLEXIPACK PRIVATE LIMITED	DIRECTOR	18/08/2008	18/08/2008	-	UNDER PROCESS OF STRIKING OFF	NO

Name :

Mr. Gautam Arvind Agarwal

Designation :

Director

Address :

6/1, Mitra Kunj, 16/A, Peddar Road, Mumbai-400026, Maharashtra, India

Date of Birth/Age :

21.12.1987

Date of Appointment :

15.06.2010

DIN No.

03123911

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	U21000MH1994PTC084095	ANSAPACK PRIVATE LIMITED	DIRECTOR	15/06/2010	15/06/2010	-	ACTIVE	NO
2	U67120MH1994PTC078488	ECOFRIENDLY CORPACK PRIVATE LIMITED	DIRECTOR	15/06/2010	15/06/2010	-	ACTIVE	NO
3	U51900MH1982PTC027754	ANSA PACKAGING PRODUCTS PRIVATE LIMITED	DIRECTOR	15/06/2010	15/06/2010	-	AMALGAMATED	NO

Name :

Mr. Arvind Premnath Agarwal

Designation :

Director

Address :

6/1, Mitra Kunj, 16-A, Pedder Road, Mumbai – 400 026, Maharashtra, India

Date of Birth/Age :

06.01.1955

Qualification :

B. Sc

Date of Appointment :

28.12.1994

DIN No.

0391757

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	U51900MH1982PTC027754	ANSA PACKAGING PRODUCTS PRIVATE LIMITED	DIRECTOR	22/07/1988	22/07/1988	-	AMALGAMATED	NO
2	U17110MH1985PTC038080	PIRAMAL TEXTURISING PVT LTD	DIRECTOR	4/11/1993	4/11/1993	-	ACTIVE	NO
3	U99999MH1989PTC053602	VULCAN INVESTMENTS PRIVATE LIMITED	DIRECTOR	4/11/1993	4/11/1993	-	ACTIVE	NO
4	U65990MH1994PTC078489	KUNVARDA INVESTMENTS PRIVATE LIMITED	DIRECTOR	19/05/1994	19/05/1994	-	DORMANT	NO
5	U67120MH1994PTC078488	ECOFRIENDLY CORPACK PRIVATE LIMITED	DIRECTOR	19/05/1994	19/05/1994	-	ACTIVE	NO
6	U65990MH1994PTC078527	ADITYA AGARWAL INVESTMENTS (BOMBAY) PRIVATE LIMITED	DIRECTOR	20/05/1994	20/05/1994	-	ACTIVE	NO
7	U99999MH1994PLC083006	SHREELEKHA GLOBAL FINANCE LIMITED	DIRECTOR	16/11/1994	16/11/1994	-	ACTIVE	NO
8	U21000MH1994PTC084095	ANSAPACK PRIVATE LIMITED	DIRECTOR	28/12/1994	28/12/1994	-	ACTIVE	NO
9	U67120MH1996PTC098787	NIFTY HOLDINGS PRIVATE LIMITED	DIRECTOR	10/4/1996	10/4/1996	-	ACTIVE	NO
10	U67120MH1996PTC098788	EMBLEM HOLDINGS PRIVATE LIMITED	DIRECTOR	10/4/1996	10/4/1996	-	ACTIVE	NO
11	U67120MH1996PTC098818	GAIETY HOLDINGS PRIVATE LIMITED	DIRECTOR	11/4/1996	11/4/1996	-	ACTIVE	NO
12	U65990MH1976PTC019033	SAVOY FINANCE AND INVESTMENT PRIVATE LIMITED	DIRECTOR	20/11/2001	20/11/2001	-	AMALGAMATED	NO
13	U26109MH2002PTC137008	ANSA DECOGLASS PRIVATE LIMITED	DIRECTOR	28/08/2002	28/08/2002	-	ACTIVE	NO
14	U45203MH2007PTC171591	NARIMAN INFRASTRUCTURE PRIVATE LIMITED	DIRECTOR	26/06/2007	26/06/2007	2/7/2007	CONVERTED TO LLP AND DISSOLVED	NO
15	U52599MH2007PTC167646	AIKONE MARKETING AND MANAGEMENT SERVICES PRIVATE LIMITED	DIRECTOR	31/10/2007	1/10/2007	-	AMALGAMATED	NO
16	U25193MH2008PTC185876	ANSA FLEXIPACK PRIVATE LIMITED	DIRECTOR	18/08/2008	18/08/2008	-	UNDER PROCESS OF STRIKING OFF	NO
17	U36990MH2010PTC211118	BIG SKY TRADING PRIVATE LIMITED	DIRECTOR	4/2/2011	4/2/2011	-	ACTIVE	NO
18	U36912MH2011PTC221397	KOSAMBA GLASS DECO PRIVATE LIMITED	DIRECTOR	29/08/2011	29/08/2011	-	ACTIVE	NO
19	U70109MH2011PTC221461	INNOVADOR REALTORS PRIVATE LIMITED	DIRECTOR	30/08/2011	30/08/2011	-	ACTIVE	NO

Name :

Mr. Prakash Kanayalal Makhija

Designation :

Director

Address :

Suhas Apartment, Off. L. Jagmohandas Marg, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

08.07.1954

Qualification :

B. Sc

Date of Appointment :

18.04.1995

DIN No.

00152971

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	U21000MH1994PTC084095	ANSAPACK PRIVATE LIMITED	Director	18/04/1995	18/04/1995	-	Active	NO
2	U63040MH1999PTC120013	TRAVELVOYAGES (INDIA) PRIVATE LIMITED	Director	25/05/1999	25/05/1999	-	Active	NO
3	U63040MH2011PTC219341	TRAVEL STUDIO INDIA PRIVATE LIMITED	Director	1/7/2011	1/7/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Nifty Holdings Private Limited, India	12500
Emblem Holdings Private Limited, India	10000
Gaiety Holdings Private Limited, India	10000
Nandan S Damani	2500
Sai Darshan Investment Private Limited, India	2500
Arvind Premnath Agarwal	4400
Premnath Agarwal Karta, Premnath B Agarwal, HUF	6000
Priramal Enterprises Limited, India	16500
Total	64400

As on 19.10.2011

Names of Allottess	No. of Allotted
Arvind premanth Agarwal	5216
Rachna Arvind Agarwal	500
Premnath Banarsidas Agarwal	20
Janak Premant Agarwal	380
Premanth B. Agarwal	400
Nandan Primal Investments	1304
Alpex holding Private Limited	1158
Alpex power Private limited, India	1158
Nandan Surajatan Centres Private Limited, India	724
Sai Daeshan Business Centers Private Limited, India	724
Aditya Agarwal Investments (Bombay) Private Limited, India	724
Nifty Holdings Private Limited, India	724
Emblem Holdings Private Limited , India	724
Gaiety Holdings Private Limited, India	724
Total	14480

As on 30.09.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	80.00
Directors or relatives of Directors	16.00
Other top fifty shareholders	4.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Multi Layer Lamination, Screen Printing Material.

Product:

Product Or Service Name	ITC Code
Packaging materials	48191090

GENERAL INFORMATION

No. of Employees :

1100 (Approximately) (100 Permanent, 1000-Contract Base )

Bankers :

• Axis Bank Limited, Credit Management Centre, Unit No. 6, Corporate Park Sion Trombay Road, Chembur, Mumbai-400071, Maharashtra, India.
• Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227 D, Nariman Point, Mumbai-400021, Maharashtra, India
• The Saraswat Co-operative Bank Limited, Center Admin. Office APSARA Cinme Building, Dr. D.B. Marg, Mumbai-400007, Maharashtra, India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2011	As on 31.03.2010
Rupee term loans Bank secured	(A) 50.798	79.294
Rupee term other secured	(B) 8.079	10.341
Working capital loan Bank secured	(C) 256.868	176.861
Loans taken for vehicles secured	(D) 1.211	0.707
Total	316.956	267.202
Footnotes (A) Above are secured by mortgage of various fixed assets of the Co. situated at various locations and personal guarantee of a director (B) Above are secured by mortgage of fixed assets of the Company financed by them. (C) Above are secured by hypothecation of book debts, inventory and personal guarantee of a director (D) Against Hypothecation of Vehicles
Unsecured Loan	As on 31.03.2011	As on 31.03.2010
Loans directors unsecured	1.877	7.188
Other debt unsecured	153.143	134.972
Total	155.020	142.160

Banking Relations :	--
Auditors :
Name :	Vijay Rungta and Company Chartered Accountant
Address :	4/88, Nityanand Nagar, S N Marg, Opposite Railway Station, Andheri (East), Mumbai – 400 069, Maharashtra, India
Tel. No.:	91-22-26836687
Fax No.:	91-22-26843748
E-Mail :	vrco84@gmail.com
PAN.:	AAAFV0164A
Associates :	Adtiya Agarwal Investment (Bombay) Private Limited Nifty Holding Private Limited Gaiety Holdings Private Limited Emblem Holding Private Limited Ecofriendly Corpack Private Limited

CAPITAL STRUCTURE

After 30.09.2011

Authorised Capital : Rs.10.000 Millions

Issued, Subscribed & Paid-up Capital : Rs.0.789 Million

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.10/- each	Rs.1.000 Million
65000	Preferences Shares	Rs.100/- each	Rs.6.500 Millions
	Total		Rs.7.500 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
64400	Equity Shares	Rs.10/- each	Rs.0.644 Million

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		0.644	6.900	6.900
2] Share Application Money		0.145	0.000	0.000
3] Reserves & Surplus		307.911	207.152	183.289
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		308.700	214.052	190.189
LOAN FUNDS
1] Secured Loans		316.956	267.202	274.313
2] Unsecured Loans		155.020	142.160	138.584
TOTAL BORROWING		471.976	409.362	412.897
DEFERRED TAX LIABILITIES		29.975	27.912	29.649
TOTAL		810.651	651.326	632.735
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		354.604	282.144	268.637
Capital work-in-progress		101.917	100.748	122.115
INVESTMENT		0.085	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	262.320	207.926	143.585
	Sundry Debtors	273.132	163.291	164.730
	Cash & Bank Balances	10.093	1.477	0.894
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	85.419	61.183	53.107
Total Current Assets		630.964	433.877	362.316
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	230.251	141.479	108.069
	Other Current Liabilities	0.000	0.000	0.000
	Provisions	46.668	23.964	12.264
Total Current Liabilities		276.919	165.443	120.333
Net Current Assets		354.045	268.434	241.983
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		810.651	651.326	632.735

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	NA	839.681	840.597
		Other Income		15.475	20.930
		TOTAL (A)	NA	855.156	861.527
Less	EXPENSES
		Manufacturing and Other Expenses	NA	771.505	771.343
		Material Consumed		0.000	0.000
		Increase or Decrease in Stocks		(14.709)	(4.910)
		TOTAL (B)	NA	756.796	756.796
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		NA	98.360	95.094
Less	FINANCIAL EXPENSES (D)		NA	38.897	40.681
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		NA	59.463	51.413
Less/ Add	DEPRECIATION/ AMORTISATION (F)		NA	25.167	24.844
	PROFIT BEFORE TAX (E-F) (G)		NA	34.296	29.569
Less	TAX (H)		NA	9.575	11.636
	PROFIT AFTER TAX (G-H) (I)		28.497	24.721	17.933
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		82.593	60.230	44.541
Less	APPROPRIATIONS
		Transfer to General Reserve	2.850	1.500	1.500
		Dividend	0.237	0.734	0.636
		Tax on Dividend	0.039	0.124	0.108
	BALANCE CARRIED TO THE B/S		107.965	82.593	60.230
	Earnings Per Share (Rs.)		435.30	480.76	347.28

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	NA	2.89	2.08
Net Profit Margin (PBT/Sales)	(%)	NA	4.08	3.52
Return on Total Assets (PBT/Total Assets}	(%)	NA	4.79	4.69
Return on Investment (ROI) (PBT/Networth)		NA	0.16	0.16
Debt Equity Ratio (Total Liability/Networth)		2.43	2.69	2.80
Current Ratio (Current Asset/Current Liability)		2.28	2.62	3.01

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	--
8) No. of employees	Yes
9) Name of person contacted	No
10) Designation of contact person	No
11) Turnover of firm for last two 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 (if applicable)	No
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

OPERATIONS

The gross income net of excise duty has increased to Rs.1453.223 Millions from Rs.860.877 Millions achieved in previous year. These figures are not comparable with the previous year figures as current year's figures are inclusive of Ansa Packaging Products Private Limited which has been merged with the Company with effect from 01st April 2010. The Directors are making efforts to further improve the performance of the Company in the current year.

MERGER OF ANSA PACKAGING PRODUCTS PRIVATE LIMITED

The Scheme of Arrangement under section 391 to 394 of the Companies Act, 1956 for the amalgamation of Ansa Packaging Products Private Limited (APPPL) with the Company as approved by the Hon'ble High Court of Bombay vide their order dated 26th August 2011 has become effective on 09th September 2011 upon filing of certified true copies of the order with the Registrar of Companies, Maharashtra, Mumbai and the effect thereof have been given in these accounts. The appointed date of the scheme is 01st April 2010.

Contingent Liabilities

Bank Guarantees Rs. NIL (Previous Year Rs.54.600 Millions)

Letter of Credits Rs.29.353 Millions (Previous Year Rs. 13.995 Millions)

Bankers Charges Report as per Registry

Corporate identity number of the company	U21000MH1994PTC084095
Name of the company	ANSA PRINTPACK PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	The Simplex Mills Compound 1^st Floor, K. K. Marg, Jacob Circle E, Byculla (West), Mumbai – 400 011, Maharashtra, India nkaniyalan@ansapack.com
This form is for	Modification of Charge
Charge identification (ID) number of the charge to be modified	10186306
Type of charge	Immovable Property Book Debts Movable Property (not being pledge) Others (Current Assets and Movable fixed assets)
Particular of charge holder	Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227 D, Nariman Point, Mumbai-400021, Maharashtra, India Snowin.dsouza@kotak.com
Nature of instrument creating charge	Supplemental Deed of Hypothecation
Date of instrument Creating the charge	08.06.2011
Amount secured by the charge	Rs.90.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest CC- Floating over the tenure of the facility. The interest rate has been arrived at in the basis of the Bank’s base rate. WCDL- to be decided at the time of disbursement. Terms of Repayment WCDL-1 Each tranche of WCDL shall be for a minimum period of 15 days and maximum of 3 months, subject to maturity data not extending beyond the facility validity period 2.WCDl tranche shall be repaid by debit to current / cash credit account of the Borrower or by Borrower issuing a cheque / RTGS credit, in such a manner that the Bank is in funds on due dates. Margin CC / WCDl-25% LC – 5% subject to below stipulation Extent and Operation of the charge 1. 1^st pari passu charge on current assets of the Borrower, present and future to be shared with AXIS Bank. 2. 2^nd Charge on plant and machinery / equipments at Ambernath, Badlapur and Kosamba 3. 2^ndcharge by way of Equitable Mortgage of Immovable properties at Ambernath, Baslapur, Kosamba(SURAT)
Short particulars of the property or asset(s) charged (including complete address and location of the property)	1st pari passu charge on Current and Movable fixed assets of the Borrower present and future shared with HDFC Bank, as per principal Deed of Hypothecation Dated 30/10/09 and Supplemental Deed of Hypothecation Dated 06/01/10. Immovable property situated at Kharach Road, Kunwarda, adms. 1582.78 sq mtsbearing Plot Nos.13 to 59, Taluka Mangol, Kosamba, Dist. Surat, as per principal Memorandum of Agreement dated 24/03/2011. All that piece and parcel of land adms.4800 sq.mtrs., bearing Plot No.B-2, MIDC Industrial Area, Kolgaon, Badlapur Municipal Council, Thane, as described in SCH-II (Part A) to the MOE Dated 25/3/11. All that piece and parcel of land adms.4827 sq.mtrs., bearing Plot No.12, Ambernath Industrial Area, Morivli, Kalyan Municipal Council, Thane, as described in SCH-II (Part B) to the MOE Dated.25/3/11. Now 1st pari passu charge on current assets of the Borrower, present and future to be shared with Axis Bank and 2nd charge by way of Equitable Mortgage of imm. prop, at Ambernath, Badlapur and Kosamba(Surat)
Date of instrument modifying the charge	25.03.2011
Particulars of the present modification	The Bank had granted facilities of Rs.70 Millions which was secured by Hypothecation over current assets and moveable fixed assets of the Borrower on 30/10/2009. Said charge was modified on 06/01/2010, 24/03/2011and 25/03/2011. Now by way of hypothecation first pari passu charge on the current assets of the borrower present and future for credit facilities aggregating to Rs.90.000 Millions was shared with HDFC Bank is now shared with Axis Bank.

Fixed Assets:

• Land
• Building
• Furniture and Fixture
• Plant and Machinery
• Office Equipment
• Computer and Accessories
• Fire Fighting Equipment
• Vehicles
• 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.52.68
UK Pound	1	Rs.85.12
Euro	1	Rs.69.38

INFORMATION DETAILS

Report Prepared by :

NTH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	7
--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		52

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.