MIRA INFORM REPORT

Report Date :

21.08.2012

IDENTIFICATION DETAILS

Name :	NPT PAPERS PRIVATE LIMITED
Registered Office :	402, Sethi Bhavan, 7 Rajendra Place, New Delhi 110008
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	15.03.2007
Com. Reg. No.:	55-160522
Capital Investment / Paid-up Capital :	Rs.7.485 Millions
CIN No.: [Company Identification No.]	U22130DL2007PTC160522
TAN No.: [Tax Deduction & Collection Account No.]	DELN08794C
PAN No.: [Permanent Account No.]	AACCN5762H
Legal Form :	Private Limited Liability Company
Line of Business :	Trader of all kind of Papers and Paper Board
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (29)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 150000
Status :	Moderate
Payment Behaviour :	Slow but Correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track. Profitability of the company appears to be low. However trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The company can be considered for small to mediocre 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 – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

LOCATIONS

Registered Office :	402, Sethi Bhavan, 7 Rajendra Place, New Delhi 110008, India
Tel. No.:	91-11-25717116 / 45084809
Fax No.:	91-11-25762809
E-Mail :	nptpapers@gmail.com sanjeev_tewari3@yahoo.com nfo@nptpapers.com
Website :	http://www.nptpapers.com
Branch Office:	8, PSR Road, IInd Floor, Sivakasi – 626123, Tamilnadu, India
Delhi Warehouse :	Khasra No. 370-371, Palla Bakhtawarpur Road, Alipur, Delhi – 110036, India
Chennai Warehouse :	Godown No. 3, At No. 09, Thirmurthinagar, Thiruvothiyur High Road, Village Ernavoor, Chennai – 57, Tamilnadu, India

DIRECTORS

As on 10.08.2011

Name :

Mr. Parkash Chand Garg

Designation :

Director

Address :

68, Chanderlor Enclave, New Delhi – 110034, India

Date of Birth/Age :

01.12.1956

Date of Appointment :

15.03.2007

DIN No.:

01142549

Other Directorship

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U51909DL1992PTC048148	NPT INTERNATIONAL PRIVATE LIMITED	Director	24/03/1992	24/03/1992	-	Active	NO
2	U72200DL2005PTC141719	SALWAN INFOTECH PRIVATE LIMITED	Director	14/10/2005	14/10/2005	4/6/2008	Active	NO
3	U22121DL1998PTC093714	KASTURI (INDIA) PRIVATE LIMITED	Director	9/6/2006	9/6/2006	-	Active	NO
4	U15312DL2003PTC120222	HANUMAN FOOD GRAINS PRIVATE LIMITED	Director	18/08/2006	18/08/2006	26/03/2007	Active	NO
5	U22130DL2007PTC160522	NPT PAPERS PRIVATE LIMITED	Director	15/03/2007	15/03/2007	-	Active	NO
6	U74899DL2005PTC141718	LORDKANHIYA INFOTECH PRIVATE LIMITED	Additional director	26/04/2011	26/04/2011	-	Active	NO

Name :

Mr. Jai Dev Garg

Designation :

Director

Address :

113, Chanderlor Enclave, New Delhi – 110034, India

Date of Birth/Age :

20.07.1930

Date of Appointment :

01.06.2008

DIN No.:

01943141

Other Directorship

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74899DL1992PTC049075	VIPUL OVERSEAS PRIVATE LIMITED	Director	30/03/1995	30/03/1995	-	Active	NO
2	U22130DL2007PTC160522	NPT PAPERS PRIVATE LIMITED	Director	01/06/2008	01/06/2008	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 10.08.2011

Names of Shareholders	No. of Shares
Parkash Chand Garg	5000
Archana Garg	360000
Vijay Garg	228500
Ashish Garg	123500
Pushpa Singhal	10000
Garg Prakash Chand and Sons (HUF)	2500
Malvika Merchant Private Limited, India	1800
Weldon Vanijya Private Limited, India	1800
Kuber Goods Private Limited, India	1800
Mukul Mills Private Limited, India	1800
Matribhumi Commodities Private Limited, India	1800
Vemuri Finvest Private Limited, India	3000
Bhola Motor Finance Private Limited, India	2000
Toor Finance Private Limited, India	3000
Shubi Infraprojects Private Limited, India	2000
Total	748500

As on 10.08.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	2.53
Directors or relatives of Directors	96.13
Other	1.34
Total	100.00

BUSINESS DETAILS

Line of Business :

Trader of all kind of Papers and Paper Board

PRODUCTION STATUS (As on 31.03.2011)

Particulars	Unit	Actual Production
Paper	Kgs	14271102

GENERAL INFORMATION

Suppliers :

· Electricity Payable

· Kumar Shipping Services

· Sonal Garg

· Afnerican Express Credit Card

· Portfolio Financial Services Limited

· Expomedia Events Private Limited

· Cargo Carriers

· Chaitanya Logistics Private Limited

· Sea Line Logistics

· Ankit Gupta

· Excellent Clearing Agency

· Telephone Expenses Payable

· Oceanic Clearing and Shipping Company

· Devi Dayal and Associates

Customers :

· Delhi Press Samachar Patra Private Limited

· Elof Hansson (India) Private Limited

· Acme Overseas

· Amar Paper Company

· Aniraj International

· Arora Paper Mart

· Babalal Dass Trading Company

· Bansal Paper Mart

· Bharat Papers

· Bhushan Conrugated Boxes Private Limited

· Bimal Papers Private Limited

· Bindal Traders

· Charming Printing and Graphics Private Limited

· Chiranji Lal Sons

· Delhi Paper Centre

· Delhi Press Samachar Patra Private Limited

· Express Publication

· Express Publication (Mudurai) Limited

· Friends Paper

· Globus International

· Goel lndustry

· Goyal Paper Mart

· H.G.Enterprises Private Limited

· Himani Papers

· Jagdish Fine Arts

No. of Employees :

Not Available

Bankers :

• Standard Chartered Bank, 10 Parliament Street, New Delhi 110001, India
• Vijaya Bank, B-25, New krishnna park, New Delhi – 110018, India
• HDFC Bank

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2011	As on 31.03.2010
Standard Chartered Bank Discounting Loan	54.818	23.782
Standard Chartered Bank	22.189	4.447
Total	77.007	28.229
Unsecured Loan	As on 31.03.2011	As on 31.03.2010
Hanuman Food Grain Private Limited	4.500	2.500
Sanpro Computers Private Limited	4.000	1.500
Lord Kanhaiya Infotech Private Limited	1.500	0.000
Total	10.000	4.000

Banking Relations :	--
Auditors :
Name :	Devi Dayal and Associates Chartered Accountants
Address :	D 137, 1^st Floor, Shanker Road, New Rajinder Nagar, New Delhi 110060, India
Tel. No.:	91-11-28744658 / 28741758
E-Mail :	guptadevi@gmail.com
PAN.:	AAABG4983E

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs. 10 each	Rs.10.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
748500	Equity Shares	Rs.10/- each	Rs.7.485 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		7.485	7.295	7.295
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		31.661	20.500	19.785
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		39.146	27.795	27.080
LOAN FUNDS
1] Secured Loans		77.007	28.229	17.260
2] Unsecured Loans		10.000	4.000	0.000
TOTAL BORROWING		87.007	32.229	17.260
DEFERRED TAX LIABILITIES		0.000	(0.027)	0.004
TOTAL		126.153	60.024	44.344
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1.105	1.384	1.570
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.049	0.027	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	48.473	16.280	32.939
	Sundry Debtors	51.320	24.227	13.429
	Cash & Bank Balances	3.697	1.941	10.321
	Other Current Assets	9.626	0.000	0.000
	Loans & Advances	18.478	20.785	7.294
Total Current Assets		131.594	63.233	63.983
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	5.054	1.963	18.602
	Other Current Liabilities	0.719	2.357	2.412
	Provisions	0.858	0.354	0.306
Total Current Liabilities		6.631	4.674	21.320
Net Current Assets		124.963	58.559	42.663
MISCELLANEOUS EXPENSES		0.036	0.054	0.111
TOTAL		126.153	60.024	44.344

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	466.983	295.300	163.517
		Other Income
		TOTAL (A)	466.983	295.300	163.517
Less	EXPENSES
		Office Expenses
		Administrative Expenses	461.198	290.974	159.940
		Advertising Expenses
		TOTAL (B)	461.198	290.974	159.940
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		5.785	4.326	3.577
Less	FINANCIAL EXPENSES (D)		2.793	2.920	2.480
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		2.992	1.406	1.097
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.301	0.363	0.302
	PROFIT BEFORE TAX (E-F) (G)		2.691	1.043	0.795
Less	TAX (H)		0.839	0.328	0.283
	PROFIT AFTER TAX (G-H) (I)		1.852	0.715	0.512
	TOTAL IMPORTS		13.428	185.893	111.707
	Earnings Per Share (Rs.)		2.47	0.98	0.70

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.40	0.24	0.31
Return on Total Assets (PBT/Total Assets}	(%)	2.03	1.61	1.21
Return on Investment (ROI) (PBT/Networth)		0.07	0.03	0.03
Debt Equity Ratio (Total Liability/Networth)		2.39	1.32	1.42
Current Ratio (Current Asset/Current Liability)		19.85	13.52	3.00

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	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	(No)
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	(No)
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	(No)
17]	Major suppliers	(Yes)
18]	Major customers	(Yes)
19]	Payments terms	(No)
20]	Export / Import details (if applicable)	(No)
21]	Market information	----------------------
22]	Litigations that the firm / promoter involved in	----------------------
23]	Banking Details	(Yes)
24]	Banking facility details	(Yes)
25]	Conduct of the banking account	----------------------
26]	Buyer visit details	----------------------
27]	Financials, if provided	(Yes)
28]	Incorporation details, if applicable	(Yes)
29]	Last accounts filed at ROC	(Yes)
30]	Major Shareholders, if available	(Yes)
31]	Date of Birth of Proprietor/Partner/Director, if available	(Yes)
32]	PAN of Proprietor/Partner/Director, if available	(No)
33]	Voter ID No of Proprietor/Partner/Director, if available	(No)
34]	External Agency Rating, if available	(No)

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U22130DL2007PTC160522
Name of the company	NPT PAPERS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	402, Sethi Bhavan, 7 Rajendra Place, New Delhi 110008 nptpapers@gmail.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10177806
Type of charge	· Book debts · Others (1st and Exclusive Charge Over Current Assets)
Particular of charge holder	Standard Chartered Bank, 10 Parliament Street, New Delhi 110001, India Sunil.Ganguly@sc.com
Nature of instrument creating charge	Hypothecation Agreement (Supplemental)
Date of instrument Creating the charge	02.06.2011
Amount secured by the charge	Rs.299.500 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest As per Facility Letter Dated 31.05.2011 Terms of Repayment As per Facility Letter Dated 31.05.2011 Margin As per Facility Letter Dated 31.05.2011 Extent and Operation of the charge Extent and Operation - 100%
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Hypothecation By Way of First and Exclusive Charge Over all Present and Future Current Assets of The Company Stored or to be Stored at the Company's Godowns or Premises or Wherever else the same may be.
Date of instrument modifying the charge	23.06.2010
Particulars of the present modification	Bank's First and Exclusive Charge Over all Present and Future Current Assets of the Company Stored or to be Stored at the Company's Godowns or Premises or Wherever else the same may be, Already Registered For Rs. 185.000 Millions Shall Stand Enhanced to Rs. 229.500 Millions

FIXED ASSETS:

• Air Conditioner
• Car (DL8C 2324)
• Generator
• Office Equipment
• Furniture and Fixture
• Machine

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.55.70
UK Pound	1	Rs.87.55
Euro	1	Rs.68.85

INFORMATION DETAILS

Report Prepared by :

NTH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		29

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.