MIRA INFORM REPORT

Report Date :

20.08.20124

IDENTIFICATION DETAILS

Name :	VISHNUVARDHAN PAPERS MILLS PRIVATE LIMITED (w.e.f. 22.09.1995)
Formerly Known As :	VISHNUVARDHAN PAPERS MILLS LIMITED
Registered Office :	First Floor, No.132 Palani Road, Venkatesa Mills Post, Udumalpet – 642128, Tamil Nadu
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	05.12.1984
Com. Reg. No.:	18-001520
Capital Investment / Paid-up Capital :	Rs.1.200 Millions
CIN No.: [Company Identification No.]	U21012TZ1984PTC001520
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Supplier of Writing Paper, A4 Size Copier Paper, Adhesive Paper, Batik Paper, Coated Paper, Copy Paper, Crepe Papers, Art Paper
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 120000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company satisfactory track record. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered for normal 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 :	First Floor, No.132 Palani Road, Venkatesa Mills Post, Udumalpet – 642128, Tamil Nadu, India
Tel. No.:	91-4252-252384
Fax No.:	Not Available
E-Mail :	m_admin@vpmills.com
Administrative office :	Swaminathapuram, Palani Road, Madathukulam – 642 113, Tamilnadu, India
Factory:	Swaminathapuram, Pushpathur Village, Palani Taluk, Tamilnadu, India

DIRECTORS

As on 25.08.2011

Name :	Ms. Govindaswamynaidu Rajalakshmi
Designation :	Director
Address :	Venkata Nilayam, 133, Venkatesha Mills, Udumalpet, Coimbatore – 642128, Tamilnadu, India
Date of Birth/Age :	05.11.1934
Date of Appointment :	05.12.1984
DIN No.:	00104964

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	Company/ LLP Status	Defaulting status
1	U21012TZ1960PLC000341	AMARAVATHI SRI VENKATESA PAPER MILLS LIMITED	Director	04/01/1960	04/01/1960	Active	NO
2	U21012TZ1978PTC000814	RAJALAKSHMI PAPER MILLS Private LIMITED	Director	05/08/1978	05/08/1978	Active	NO
3	U21012TZ1984PTC001520	VISHNUVARDHAN PAPERS MILLS PRIVATE LIMITED	Director	05/12/1984	05/12/1984	Active	NO
4	L17111TZ1933PLC000195	THE SRI VENKATESA MILLS LIMITED	Managing director	01/09/2009	01/01/1985	Active	NO
5	U17219TZ1986PLC001813	SRI VENKATESA FABRICS LIMITED	Director	16/07/1986	16/07/1986	Active	NO
6	U02102TZ1986PLC001845	V G PAPER AND BOARDS LIMITED	Director	19/09/1986	19/09/1986	Active	NO
7	U65910TZ1987PLC007600	NITHYA FINANCE LIMITED	Director	03/07/1987	03/07/1987	Active	NO
8	U17115TZ1989PTC003055	V G TEXTILES PRIVATE LIMITED	Director	17/11/1989	17/11/1989	Active	NO
9	U60210TZ1990PLC002957	SRI VENKATESA TRANSPORT AND SERVICES LIMITED	Director	29/11/1990	29/11/1990	Active	NO

Name :	Mr. Gengusamy Raveendran
Designation :	Managing director
Address :	Venkata Nilayam, 133, Venkatesha Mills, Udumalpet, Coimbatore – 642128, Tamilnadu, India
Date of Birth/Age :	17.01.1959
Date of Appointment :	05.12.1984
DIN No.:	00132478

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	Company/ LLP Status	Defaulting status
1	U21012TZ1978PTC000814	RAJALAKSHMI PAPER MILLS Private LIMITED	Director	21/07/1980	21/07/1980	Active	NO
2	U21012TZ1960PLC000341	AMARAVATHI SRI VENKATESA PAPER MILLS LIMITED	Director	31/03/1984	31/03/1984	Active	NO
3	L17111TZ1933PLC000195	THE SRI VENKATESA MILLS LIMITED	Director	04/05/1984	04/05/1984	Active	NO
4	U21012TZ1984PTC001520	VISHNUVARDHAN PAPERS MILLS PRIVATE LIMITED	Managing director	05/12/1984	05/12/1984	Active	NO
5	U02102TZ1986PLC001845	V G PAPER AND BOARDS LIMITED	Managing director	01/10/2009	19/09/1986	Active	NO
6	U65910TZ1987PLC007600	NITHYA FINANCE LIMITED	Director	03/07/1987	03/07/1987	Active	NO
7	U17219TZ1986PLC001813	SRI VENKATESA FABRICS LIMITED	Director	31/05/1988	31/05/1988	Active	NO
8	U17115TZ1989PTC003055	V G TEXTILES PRIVATE LIMITED	Director	17/11/1989	17/11/1989	Active	NO
9	U60210TZ1990PLC002957	SRI VENKATESA TRANSPORT AND SERVICES LIMITED	Director	29/11/1990	29/11/1990	Active	NO
10	U15311TZ2010PTC016119	G.R.ROLLER FLOUR MILLS PRIVATE LIMITED	Managing director	08/06/2010	08/06/2010	Active	NO

Name :	Mr. Venkatasubba Naidu Gengusamy
Designation :	Director
Address :	Venkata Nilayam, 133, Venkatesha Mills, Udumalpet, Coimbatore – 642128, Tamilnadu, India
Date of Birth/Age :	04.10.1931
Date of Appointment :	05.12.1984
DIN No.:	00132504

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	Company/ LLP Status	Defaulting status
1	U21012TZ1960PLC000341	AMARAVATHI SRI VENKATESA PAPER MILLS LIMITED	Managing director	01/04/2010	04/01/1960	Active	NO
2	U21012TZ1978PTC000814	RAJALAKSHMI PAPER MILLS Private LIMITED	Director	05/08/1978	05/08/1978	Active	NO
3	L17111TZ1933PLC000195	THE SRI VENKATESA MILLS LIMITED	Director	15/05/1981	15/05/1981	Active	NO
4	U21012TZ1984PTC001520	VISHNUVARDHAN PAPERS MILLS PRIVATE LIMITED	Director	05/12/1984	05/12/1984	Active	NO
5	U65993TZ1985PLC001642	AMARAVATHI INVESTMENT LIMITED	Director	18/07/1985	18/07/1985	Under Process of Striking off	NO
6	U02102TZ1986PLC001845	V G PAPER AND BOARDS LIMITED	Director	19/09/1986	19/09/1986	Active	NO
7	U65910TZ1987PLC007600	NITHYA FINANCE LIMITED	Director	03/07/1987	03/07/1987	Active	NO
8	U17115TZ1989PTC003055	V G TEXTILES PRIVATE LIMITED	Director	17/11/1989	17/11/1989	Active	NO
9	U60210TZ1990PLC002957	SRI VENKATESA TRANSPORT AND SERVICES LIMITED	Director	29/11/1990	29/11/1990	Active	NO
10	U17219TZ1986PLC001813	SRI VENKATESA FABRICS LIMITED	Director	29/03/2006	29/03/2006	Active	NO

Name :	Ms. Gengusamy Raveendran Nandini
Designation :	Director
Address :	Venkata Nilayam, 133, Venkatesha Mills, Udumalpet, Coimbatore – 642128, Tamilnadu, India
Date of Birth/Age :	30.04.1964
Date of Appointment :	29.03.2006
DIN No.:	00132539

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	Company/ LLP Status	Defaulting status
1	U02102TZ1986PLC001845	V G PAPER AND BOARDS LIMITED	Director	19/09/1986	19/09/1986	Active	NO
2	U17219TZ1986PLC001813	SRI VENKATESA FABRICS LIMITED	Director	29/09/2006	29/03/2006	Active	NO
3	U21012TZ1984PTC001520	VISHNUVARDHAN PAPERS MILLS PRIVATE LIMITED	Director	29/03/2006	29/03/2006	Active	NO
4	L17111TZ1933PLC000195	THE SRI VENKATESA MILLS LIMITED	Director	03/08/2009	30/07/2008	Active	NO
5	U17115TZ1989PTC003055	V G TEXTILES PRIVATE LIMITED	Director	03/09/2008	27/08/2008	Active	NO
6	U15311TZ2010PTC016119	G.R.ROLLER FLOUR MILLS PRIVATE LIMITED	Director	08/06/2010	08/06/2010	Active	NO

Name :	Mr. Genguswamy Raveendran Vishnuvardhan
Designation :	Director
Address :	Venkata Nilayam, 133, Venkatesha Mills, Udumalpet, Coimbatore – 642128, Tamilnadu, India
Date of Birth/Age :	16.11.1983
Date of Appointment :	04.09.2008
DIN No.:	00505212

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	Company/ LLP Status	Defaulting status
1	U17111TZ2005PLC011962	INTER YARN SPIN INDIA LIMITED	Director	14/07/2005	14/07/2005	Active	NO
2	U21012TZ1978PTC000814	RAJALAKSHMI PAPER MILLS Private LIMITED	Director	18/01/2007	18/01/2007	Active	NO
3	U02102TZ1986PLC001845	V G PAPER AND BOARDS LIMITED	Director	18/01/2007	18/01/2007	Active	NO
4	U21012TZ1984PTC001520	VISHNUVARDHAN PAPERS MILLS PRIVATE LIMITED	Director	03/08/2009	14/12/2007	Active	NO
5	L17111TZ1933PLC000195	THE SRI VENKATESA MILLS LIMITED	Director	03/08/2009	30/07/2008	Active	NO
6	U17115TZ1989PTC003055	V G TEXTILES PRIVATE LIMITED	Director	03/09/2008	27/08/2008	Active	NO
7	U21012TZ1960PLC000341	AMARAVATHI SRI VENKATESA PAPER MILLS LIMITED	Director	23/09/2009	06/03/2009	Active	NO
8	U60210TZ1990PLC002957	SRI VENKATESA TRANSPORT AND SERVICES LIMITED	Director	15/09/2010	11/01/2010	Active	NO
9	U17219TZ1986PLC001813	SRI VENKATESA FABRICS LIMITED	Director	28/08/2010	03/05/2010	Active	NO
10	U15311TZ2010PTC016119	G.R.ROLLER FLOUR MILLS PRIVATE LIMITED	Director	08/06/2010	08/06/2010	Active	NO

Name :	Mr. Gengusamy Raveendran Harshavardhan
Designation :	Director
Address :	Venkata Nilayam, 133, Venkatesha Mills, Udumalpet, Coimbatore – 642128, Tamilnadu, India
Date of Birth/Age :	14.07.1987
Date of Appointment :	18.01.2010
DIN No.:	02904809

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	Company/ LLP Status	Defaulting status
1	U60210TZ1990PLC002957	SRI VENKATESA TRANSPORT AND SERVICES LIMITED	Director	15/09/2010	11/01/2010	Active	NO
2	U21012TZ1984PTC001520	VISHNUVARDHAN PAPERS MILLS PRIVATE LIMITED	Director	18/01/2010	18/01/2010	Active	NO
3	L17111TZ1933PLC000195	THE SRI VENKATESA MILLS LIMITED	Director	24/06/2010	19/03/2010	Active	NO
4	U17115TZ1989PTC003055	V G TEXTILES PRIVATE LIMITED	Director	22/09/2010	22/04/2010	Active	NO
5	U17219TZ1986PLC001813	SRI VENKATESA FABRICS LIMITED	Director	28/08/2010	03/05/2010	Active	NO
6	U21012TZ1960PLC000341	AMARAVATHI SRI VENKATESA PAPER MILLS LIMITED	Director	29/09/2010	29/05/2010	Active	NO
7	U21012TZ1978PTC000814	RAJALAKSHMI PAPER MILLS Private LIMITED	Director	27/08/2010	01/06/2010	Active	NO
8	U02102TZ1986PLC001845	V G PAPER AND BOARDS LIMITED	Director	29/09/2010	01/06/2010	Active	NO
9	U15311TZ2010PTC016119	G.R.ROLLER FLOUR MILLS PRIVATE LIMITED	Director	08/06/2010	08/06/2010	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 25.08.2011

Names of Shareholders	No. of Shares
Venkatasubba Naidu Gengusamy	3899
Govindaswamynaidu Rajalakshmi	1500
Gengusamy Raveendran	5551
Gengusamy Raveendran Nandini	250
Genguswamy Raveendran Vishnuvardhan	250
P L Chandransekaran	250
G. Rajendran	250
Gengusamy Raveendran Harshavardhan	50
Total	12000

As on 25.08.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	96.00
Other top fifty shareholders	4.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Supplier of Writing Paper, A4 Size Copier Paper, Adhesive Paper, Batik Paper, Coated Paper, Copy Paper, Crepe Papers, Art Paper.

Products :

Product Description	Item Code No.:
Printing and Writing Paper	4802-6009

PRODUCTION STATUS

As on 31.03.2011

Particulars	Unit	Factory I	Factory II
Installed Capacity	M.T.	9900	5000
Actual Production (Paper and Wrapper)	M.T.	8058.1	3252.9

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Bank of India, Coimbatore Main Branch, 324, Oppanakkara Street, Coimbatore 641001, Tamilnadu, India

· The South Indian Bank Limited, Udumalpet, Coimbatore, Tamilnadu, India

· Bank of India, R N Puram Branch, 1943, Trichy Road, Dharmaraja Layout, Ramanathapuram, Coimbatore - 641045, Tamil Nadu, India

Facilities :

Secured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
From the South Indian Bank Limited (Open Cash Credit Loan on hypothecation of Plant and Machinery and stock in Trade)	9.585	9.458
SIB - Term Loan	6.006	7.100
Term Loan from SIPCOT (Secured by first charge over the assets of the Company)	6.468	14.672
Add: Interest Accrued and due on above	6.721	8.371
Hire Purchase Loan	10.750	3.604
Total	39.530	43.205
Unsecured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Advance from Directors	1.300	1.300
Dealership Deposit	2.196	1.996
Advance from Trading Companies and Others	65.318	30.318
Total	68.814	33.614

Banking Relations :	--
Financial Institution :	State Industries Promotion Corporation of Tamilnadu Limited, No - 51 and 52; Greams Road, Thousand Lights, Madras - 600006, Tamil Nadu, India
Auditors :
Name :	U. S. Anandha Rao Chartered Accountant
Address :	No. 11, Coats Road, T-Nagar, Chennai – 600017, Tamilnadu, India
PAN No.:	AAEPA3460A
Subsidiaries :	V G TEXTILES PRIVATE LIMITED CIN No.: U17115TZ1989PTC003055

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
12000	Equity Shares	Rs.100/- each	Rs.1.200 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
12000	Equity Shares	Rs.100/- each	Rs.1.200 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		1.200	1.200	1.200
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		29.695	23.135	21.005
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		30.895	24.335	22.205
LOAN FUNDS
1] Secured Loans		39.530	43.205	48.071
2] Unsecured Loans		68.814	33.614	3.316
TOTAL BORROWING		108.344	76.819	51.387
DEFERRED TAX LIABILITIES		12.739	9.016	7.919
TOTAL		151.978	110.170	81.511
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		110.643	86.061	69.000
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		7.679	7.680	7.680
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	64.702	52.286	45.157
	Sundry Debtors	25.627	21.923	29.469
	Cash & Bank Balances	22.211	20.501	21.637
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	57.477	79.251	79.738
Total Current Assets		170.017	173.961	176.001
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000	0.000	0.000
	Other Current Liabilities	127.994	152.826	168.330
	Provisions	8.367	4.706	2.840
Total Current Liabilities		136.361	157.532	171.170
Net Current Assets		33.656	16.429	4.831
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		151.978	110.170	81.511

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	341.548	310.035	351.944
		Other Income
		TOTAL (A)	341.548	310.035	351.944
Less	EXPENSES
		Office Expenses	306.340	287.287	324.887
		Administrative Expenses
		Advertising Expenses
		TOTAL (B)	306.340	287.287	324.887
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		35.208	22.748	27.057
Less	FINANCIAL EXPENSES (D)		13.163	11.028	12.604
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		22.045	11.720	14.453
Less/ Add	DEPRECIATION/ AMORTISATION (F)		8.967	7.443	8.848
	PROFIT BEFORE TAX (E-F) (G)		13.078	4.277	5.605
Less	TAX (H)		2.625	0.700	1.671
	PROFIT AFTER TAX (G-H) (I)		10.453	3.577	3.934
Add / (Less)	PROVISION FOR DEFERRED TAX ASSETS / (LIABILITY)		(3.724)	(1.097)	(0.782)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		5.421	3.292	0.308
Less	APPROPRIATIONS
		Dividend	0.144	0.300	0.144
		Tax on Dividend	0.024	0.051	0.024
	BALANCE CARRIED TO THE B/S		11.982	5.421	3.292
	IMPORTS
		Raw Materials	23.029	20.521	25.523
		Stores & Spares	2.021	3.535	2.882
		Capital Goods	0.000	0.000	0.000
	TOTAL IMPORTS		25.050	24.056	28.405
	Earnings Per Share (Rs.)		871.00	298.00	328.00

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	3.06	1.15	1.12
Return on Total Assets (PBT/Total Assets}	(%)	4.66	1.64	2.29
Return on Investment (ROI) (PBT/Networth)		0.42	0.18	0.25
Debt Equity Ratio (Total Liability/Networth)		7.92	9.63	10.02
Current Ratio (Current Asset/Current Liability)		1.25	1.10	1.03

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	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 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

NOTE:

The registered office address of the company has been shifted from “Nithya Nilayamno, 132 Palani Road, Venkatesa Mills, Udamalpet - 642128, Tamil Nadu, India” to the present address w.e.f. 01.06.2010.

PERFORMANCE AND PROSPECTS

The Company has embarked on a massive expansion / modernization program with the MF Machine to produce @ 150 MT of Kraft Paper per day from the existing capacity of @ 18 MT per day. This Project is likely to complete within a record time of one year and may commence trial production in August 2011.

Power cut which prevailed in the State throughout the year and stoppage of the MF machine for expansion work resulted in production loss. Production would have been much higher for the above reason. Working results are satisfactory compared to yester year.

CONTINGENT LIABILITY:

(Rs. In Millions)

Particulars	31.03.2011	31.03.2010
Bills Discounted	0.000	1.370
Letter of Credit in Force	23.635	24.413
Total	23.635	25.783

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U21012TZ1984PTC001520
Name of the company	VISHNUVARDHAN PAPERS MILLS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	First Floor, No.132 Palani Road, Venkatesa Mills Post, Udumalpet – 642128, Tamil Nadu, India E-mail id : m_admin@vpmills.com
This form is for	Creation of charge
Type of charge	Immovable property Book debts Movable property (not being pledge) Others (hypothecation of stock in trade and plant and machinery)
Particular of charge holder	Bank of India, R N Puram Branch, 1943, Trichy Road, Dharmaraja Layout, Ramanathapuram, Coimbatore - 641045, Tamil Nadu, India E-mail id : RNPuram.Coimbatore@bankofindia.co.in
Nature of instrument creating charge	1. Hypothecation cum loan agreement (plant and machinery, stocks and book debts) dated 08.06.2012. - 2 nos. 2. Term loan agreement dated 08.06.2012.
Date of instrument Creating the charge	08/06/2012
Amount secured by the charge	Rs.286.800 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Cash credit - 3.50% over base rate, presently at 14.00% p.a. Term loan - 3.50% over base rate plus 0.50% premium, presently at 14.50% p.a. Bank guarantee - as per schedule of charges Terms of Repayment Cash credit - on demand Term loan - on demand as per repayment schedule Bank guarantee - 4 months Margin Cash credit - on stocks 25%, against book debts (upto 90 days) 40% Term loan - 25% Extent and Operation of the charge Hypothecation of plant and machinery at sf no.497, 473, 472, 469/b, 471/2, 492, 493/c2a1, 471/1, 499/1, 389/1, 495/1, 496/c2b, 389/2, 495/2, 388/1, 375/b2a, 494/2a, 494/4b, 391/1a, 390, 391/1, 391/2a, 391/2b, 391/2g, 494/3c, 494/4a, 494/4c, 388/2a, 391/2, 494/1, 475, 487/2, 499/2, saminathapuram, madathukulam. Hypothecation of wind mill at sf no.76/1, kondampatty village, udumalpet Hypothecation of stock in trade and book debts of the company. Others Personal guarantee given to Sri Dr V Genguswamy, Sri G Raveendran, Smt G Rajalakshmi, Smt G R Nandhini, Sri G R Vishnuvardan and Sri G R Harshavardhan.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Hypothecation of plant and machinery AT SF NO.497, 473, 472, 469/B, 471/2, 492, 493/C2A1, 471/1, 499/1, 389/1, 495/1, 496/2B, 389/2, 495/2, 388/1, 375/2A, 494/2A, 494/4B, 391/1A, 390, 391/1, 391/2A, 391/2B, 391/2G, 494/3C 494/4A, 494/4C, 388/2A, 391/2, 494/1, 475, 487/2, 499/2, Saminathapuram, Madathukulam. Hypothecation of stock in trade and book debts of the company. Hypothecation of wind mill at Sf No.76/1, Kondampatty Village, Udumalpet

FIXED ASSETS:

· Land

· Building

· Machinery

· Electric Machinery

· Motor Vehicles

· Computer and Accessories

· WDE Generator

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 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 :

BSN

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	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--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.