1. Summary Information

		Country	India
Company Name	BIRLA COTSYN (INDIA) LIMITED	Principal Name 1	Ms. Priya Bhushan Bhardwaj
Status	Moderate	Principal Name 2	Mr. Yashovardhan Ashok Birla
		Registration #	11-003429
Street Address	Dalamal House, 1^st Floor, J.B. Marg, Nariman Point, Mumbai-400021, Maharashtra, India
Established Date	24.09.1941	SIC Code	--
Telephone#	91-22-22821173	Business Style 1	Manufacture
Fax #	91-22-22047835	Business Style 2	Exporter
Homepage	http://www.birlacotsyn.com	Product Name 1	Cotton Yarn
# of employees	100 (Approximately)	Product Name 2	Manmade Staple Yarn
Paid up capital	Rs.2,612,262,404/-	Product Name 3	Cotton Seed Oil
Shareholders	Promoter and Promoter Group – 28.28% Public shareholding – 71.72%	Banking	Bank of India
Public Limited Corp.	YES	Business Period	71 Years
IPO	YES	International Ins.	-
Public Enterprise	YES	Rating	B (28)
Related Company
Relation	Country	Company Name	CEO
Subsidiaries	India	Zenith Birla (India) Limited	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	2,900,279,000	Current Liabilities	765,283,000
Inventories	654,299,000	Long-term Liabilities	2,644,604,000
Fixed Assets	1,902,961,000	Other Liabilities	128,409,000
Deferred Assets	0,000	Total Liabilities	3,538,296,000
Invest& other Assets	1,018,252,000	Retained Earnings	309,307,000
		Net Worth	2,937,495,000
Total Assets	6,475,791,000	Total Liab. & Equity	6,475,791,000
Total Assets (Previous Year)	5,365,463,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	5,319,756,000	Net Profit	108,010,000
Sales(Previous yr)	3,440,057,000	Net Profit(Prev.yr)	75,467,000

MIRA INFORM REPORT

Report Date :

27.02.2012

IDENTIFICATION DETAILS

Name :	BIRLA COTSYN (INDIA) LIMITED
Registered Office :	Dalamal House, 1^st Floor, J.B. Marg, Nariman Point, Mumbai-400021, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	24.09.1941
Com. Reg. No.:	11-003429
Capital Investment / Paid-up Capital :	Rs.2612.262 Millions
CIN No.: [Company Identification No.]	L17110MH1941PLC003429
TAN No.: [Tax Deduction & Collection Account No.]	NSKJ00026F / MUMB11504D
PAN No.: [Permanent Account No.]	AAACJ1362K
Legal Form :	A Public Limited Liability Company. The Company’s Shares are listed on Stock Exchange.
Line of Business :	Manufacturer and Exporter of Synthetic blended ring spun yarn.
No. of Employees :	100 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (28)

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

Maximum Credit Limit :	USD 12000000
Status :	Moderate
Payment Behaviour :	Slow but Correct
Litigation :	Clear
Comments :	Subject is a part of Yash Birla Group. It is an established company having moderate track. Trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. In view of strong holding, 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 :	Dalamal House, 1^st Floor, J.B. Marg, Nariman Point, Mumbai-400021, Maharashtra, India
Tel. No.:	91-22-22821173/ 74/ 66153392
Fax No.:	91-22-22047835
E-Mail :	narayanan@yashbirlagroup.com lovelina@yashbirlagroup.com
Website :	http://www.birlacotsyn.com
Area :	1500 sq. ft.
Location :	Owned
Corporate Office :	The Regency, Office No. 11 and 12, 1^st Floor, National Library Road, Near Nandi Cinema, Bandra (West), Mumbai-400050, Maharashtra, India
Tel. No.:	91-22-26405866/ 0067/ 66719956
Fax No.:	91-22-26400068
Factory 1 :	Cotton Division Malkapur Industrial Area, Plot No. C-611, Dasarkhad, Malkapur-443101, Maharashtra, India
Tel. No.:	91-7267-224590
Fax No.:	91-7267-224590
E-Mail :	bcilmalkapur@redffmail.com
Factory 2 :	Synthetic Division A/82, M.I.D.C., Industrial Area, Khamagaon-444303, District Buldhana, Maharashtra, India
Tel. No.:	91-7263-277116/ 277122
Fax No.:	91-7263-277123
E-Mail :	vsyntex@yahoo.com
Factory 3 :	Shree House, Shegaon Road, Khamgaon, Dsitrict Buldhana, Maharashtra, India
Factory 4 :	Post Box No. 1, Gatanji, District Yavatmal, Maharashtra, India
Factory 5 :	Near Cotton Market, Parola Road, Dhule-424004, Maharashtra, India
Overseas office :	1^st Floor, 87-89 Baker Street, London- WIU 6RJ
Tel. No.:	00-44-20-74868270
E-Mail :	venkat@implexltd.com

DIRECTORS

As on 21.09.2011

Name :	Ms. Priya Bhushan Bhardwaj
Designation :	Chairman Cum Managing Director
Address :	Regency Villa, Outer Circle, Regents Park, London-NW14HB, United Kindom
Date of Birth/Age :	11.09.1937
Date of Appointment :	25.01.2007
DIN No.:	00136076

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	L27100MH1984PLC034003	SUNFLAG IRON AND STEEL COMPANY LIMITED	Director	12-09-84	12-09-84	-	Active	NO
2	U92132HR1973PLC007013	HARYANA TELEVISION LIMITED	Managing director	02-04-07	29-11-92	-	Active	NO
3	U17111DL2006PTC146156	DIVIT TEXTILES PRIVATE LIMITED	Director	20-05-06	20-05-06	23-01-12	Active	NO
4	L17110MH1941PLC003429	BIRLA COTSYN (INDIA) LIMITED	Director	03-08-07	25-01-07	-	Active	NO
5	U17299MH2006PTC165970	SPINWEAVE TEXTILES PRIVATE LIMITED	Director	28-04-08	28-04-08	27-01-12	Active	NO

Name :	Mr. Yashovardhan Ashok Birla
Designation :	Co-Chairman and Director
Address :	Birla House, 21, Mount Pleasant Road, Mumbai-400006, Maharashtra, India
Date of Birth/Age :	29.09.1967
Date of Appointment :	16.05.1995
DIN No.:	00005804

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	U65990MH1962PTC014209	ASIAN DISTRIBUTORS PRIVATE LIMITED	Director	26-03-87	26-03-87	-	Active	NO
2	L31101MH1984PLC032773	BIRLA POWER SOLUTIONS LIMITED	Director	05-06-87	05-06-87	-	Active	NO
3	L29220MH1986PLC041214	BIRLA PRECISION TECHNOLOGIES LIMITED	Director	19-03-90	19-03-90	-	Active	NO
4	L31300KA1987PLC013543	3M INDIA LIMITED	Director	23-03-90	23-03-90	18-06-07	Active	NO
5	L99999MH1965PLC013198	BIRLA MACHINING AND TOOLINGS LIMITED	Director	30-03-90	30-03-90	-	Active	NO
6	L29220MH1960PLC011773	ZENITH BIRLA (INDIA) LIMITED	Director	30-03-90	30-03-90	-	Active	NO
7	U67120MH1989PTC054227	SHEARSON INVESTMENTS AND TRADING COMPANY PRIVATE LIMITED	Director	31-10-90	31-10-90	-	Active	NO
8	U51109WB1918PTC003010	BIRLA BROTHERS PRIVATE LIMITED	Director	27-12-91	27-12-91	-	Active	NO
9	U63040MH1976PLC019250	BIRLA VIKING TRAVELS LIMITED	Director	28-01-92	28-01-92	-	Active	NO
10	L17110MH1941PLC003429	BIRLA COTSYN (INDIA) LIMITED	Director	16-05-95	16-05-95	-	Active	NO
11	U99999MH1923PTC001084	BIRLA BOMBAY PRIVATE LIMITED	Director	25-05-95	25-05-95	-	Active	NO
12	U26942AP1996PLC025831	RENUKA CEMENT LIMITED	Managing director	29-11-96	29-11-96	15-01-11	Active	NO
13	U45200MH1932PLC001850	LAKSHMI PROPERTIES LIMITED	Director	18-07-06	18-07-06	-	Active	NO
14	U85120MH2006PTC161718	BIRLA WELLNESS AND HEALTHCARE PRIVATE LIMITED	Director	20-07-07	20-07-07	-	Active	NO
15	U24100MH2008PLC177694	BIRLA RESEARCH AND LIFESCIENCES LIMITED	Director	10-01-08	10-01-08	-	Active	NO
16	L85100MH2008PLC184689	BIRLA PACIFIC MEDSPA LIMITED	Director	15-07-08	15-07-08	-	Active	NO
17	U51310MH2008PLC185850	BIRLA INTEGRATED TEXTILE PARK LIMITED	Director	14-08-08	14-08-08	-	Active	NO
18	U85110MH2008PTC187084	ASHOK BIRLA APOLLO HOSPITAL PRIVATE LIMITED	Director	25-09-08	25-09-08	-	Active	NO
19	U74999MH2008PLC187077	BIRLA SURYA LIMITED	Director	25-09-08	25-09-08	-	Active	NO
20	U80301MH2008PLC188043	BIRLA EDUTECH LIMITED	Director	07-11-08	07-11-08	-	Active	NO
21	L99999MH1986PLC040604	MELSTAR INFORMATION TECHNOLOGIES LIMITED	Director	18-09-09	22-04-09	-	Active	NO
22	L74999MH1992PLC066910	BIRLA SHLOKA EDUTECH LIMITED	Director	26-09-09	25-05-09	-	Active	NO
23	U80900MH2009PTC196032	BIRLA AYURVEDA PRIVATE LIMITED	Director	24-09-09	24-09-09	-	Active	NO
24	U40101MH2010PLC201054	BIRLA URJA LIMITED	Director	16-09-11	09-06-10	-	Active	NO

Name :	Mr. Palaparthy Venkata Murthy
Designation :	Director
Address :	A-4, Sagar Darshan, Opposite Carter Road, Bandra (West), Mumbai-400052, Maharashtra, India
Date of Birth/Age :	21.04.1950
Date of Appointment :	01.06.2006
DIN No.:	00232048

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	U26942AP1996PLC025831	RENUKA CEMENT LIMITED	Director	16-08-05	16-08-05	15-01-11	Active	NO
2	L31101MH1984PLC032773	BIRLA POWER SOLUTIONS LIMITED	Managing director	12-11-10	06-10-05	-	Active	NO
3	L74210TN1995PLC032921	SANGUINE MEDIA LIMITED	Director	19-08-06	28-10-05	18-08-10	Active	NO
4	L17110MH1941PLC003429	BIRLA COTSYN (INDIA) LIMITED	Managing director	10-08-11	01-06-06	-	Active	NO
5	U85120MH2006PTC161718	BIRLA WELLNESS AND HEALTHCARE PRIVATE LIMITED	Director	20-07-07	20-07-07	-	Active	NO
6	L29220MH1986PLC041214	BIRLA PRECISION TECHNOLOGIES LIMITED	Director	18-09-08	02-05-08	-	Active	NO
7	U27107AP2008PTC059409	ABHIRAMA STEELS PRIVATE LIMITED	Director	29-05-08	29-05-08	-	Active	NO
8	U51310MH2008PLC185850	BIRLA INTEGRATED TEXTILE PARK LIMITED	Director	14-08-08	14-08-08	-	Active	NO
9	U85110MH2008PTC187084	ASHOK BIRLA APOLLO HOSPITAL PRIVATE LIMITED	Director	25-09-08	25-09-08	-	Active	NO
10	U74999MH2008PLC187077	BIRLA SURYA LIMITED	Director	25-09-08	25-09-08	-	Active	NO
11	U80301MH2008PLC188043	BIRLA EDUTECH LIMITED	Director	07-11-08	07-11-08	-	Active	NO
12	U24233MH2008PTC188123	BIRLA KERALA VAIDYASHALA PRIVATE LIMITED	Director	11-11-08	11-11-08	-	Active	NO
13	L85100MH2008PLC184689	BIRLA PACIFIC MEDSPA LIMITED	Director	13-01-10	08-12-08	-	Active	NO
14	L99999MH1986PLC040604	MELSTAR INFORMATION TECHNOLOGIES LIMITED	Director	18-09-09	22-04-09	-	Active	NO
15	L29220MH1960PLC011773	ZENITH BIRLA (INDIA) LIMITED	Director	24-09-09	27-07-09	-	Active	NO
16	U55101AP2007PTC054687	ABHIRAMA HOTELS AND RESORTS PRIVATE LIMITED	Whole-time director	26-12-09	26-12-09	-	Active	NO
17	U51900MH1977PLC110245	BIRLA INFRASTRUCTURE LIMITED	Director	11-02-10	11-02-10	-	Active	NO
18	U40101MH2010PLC201054	BIRLA URJA LIMITED	Director	19-03-10	19-03-10	-	Active	NO
19	U40101MH2010PLC201110	BIRLA ENERGY INFRA LIMITED	Director	22-03-10	22-03-10	-	Active	NO
20	U24100MH2008PLC177694	BIRLA RESEARCH AND LIFESCIENCES LIMITED	Director	30-09-10	19-07-10	-	Active	NO
21	U45203MH2010PTC208928	BIRLA AIRCON INFRASTRUCTURE PRIVATE LIMITED	Additional director	11-04-11	11-04-11	-	Active	NO
22	U14220AP2011PTC072107	VIJAY PURANJAY MINERALS PRIVATE LIMITED	Additional director	30-01-12	30-01-12	-	Active	NO

Name :	Mr. Navinchandra Chhanganlal Shah
Designation :	Director
Address :	1 Doughty Street, London- WCN2PH, United Kingdom.
Date of Birth/Age :	12.10.1938
Date of Appointment :	03.08.2007
DIN No.:	00063951

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	L27100MH1984PLC034003	SUNFLAG IRON AND STEEL COMPANY LIMITED	Director	28-10-02	28-10-02	19-05-09	Active	NO
2	U27102OR2003PLC007099	SUNFLAG SPECIAL STEELS LIMITED	Director	15-03-04	15-03-04	23-09-10	Active	NO
3	U31200UR2003PLC027802	SUNFLAG POWER LIMITED	Director	15-03-04	15-03-04	23-09-10	Active	NO
4	U28991MH1971PTC015494	UNITED INDUSTRIAL FASTNERS PRIVATE LIMITED	Director	30-10-05	30-10-05	-	Active	NO
5	U18101MH1987PTC155381	SAVLA SHIRTS EXPORTERS PRIVATE LIMITED	Director	08-02-06	08-02-06	29-05-09	Active	NO
6	L17110MH1941PLC003429	BIRLA COTSYN (INDIA) LIMITED	Director	24-10-08	03-08-07	-	Active	NO

Name :	Mr. Mohan Motiram Jayakar
Designation :	Director
Address :	11-12, Makani Manor, Peddeer Road, Mumbai-400026, Maharashtra, India
Date of Birth/Age :	08.10.1951
Date of Appointment :	06.12.2007
DIN No.:	00925962

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	L74940MH1992PLC067864	PHOTOQUIP (INDIA) LIMITED	Director	24-11-93	24-11-93	-	Active	NO
2	L17231MH1993PLC071975	EZ-COMM TRADE TECHNOLOGIES LIMITED	Director	21-12-11	25-02-94	-	Active	NO
3	U63040MH1994PTC077887	CHIRAG TRAVELS PRIVATE LIMITED	Director	18-08-94	18-08-94	15-02-10	Active	NO
4	L29200MH1978PLC020434	EVEREST KANTO CYLINDER LIMITED	Director	05-07-05	05-07-05	-	Active	NO
5	U51909MH2004PTC144475	DIVRAJ TRADING PRIVATE LIMITED	Director	05-09-05	05-09-05	-	Active	NO
6	U63090MH1985PLC035059	SATYA GIRI SHIPPING COMPANY LIMITED	Director	29-09-07	01-12-06	-	Active	YES
7	U72300MH2007PTC170537	EZ-COMM WIRELESS INDIA PRIVATE LIMITED	Director	03-05-07	03-05-07	30-07-08	Active	NO
8	L24221KA1969PLC001799	MYSORE PETRO CHEMICALS LIMITED	Director	21-09-07	16-06-07	-	Active	NO
9	L17110MH1941PLC003429	BIRLA COTSYN (INDIA) LIMITED	Director	24-10-08	06-12-07	-	Active	NO
10	U51909MH2007PTC169136	MACROCOSM INDUSTRIES PRIVATE LIMITED	Additional director	02-06-08	02-06-08	05-06-09	Active	NO
11	L17110MH1935PLC002241	SHREE RAM URBAN INFRASTRUCTURE LIMITED	Director	24-06-09	18-03-09	-	Active	NO
12	U45202MH2008PTC187183	MACROCOSM INFRASTRUCTURE AND POWER PRIVATE LIMITED	Director	05-06-09	05-06-09	-	Active	NO
13	U74990MH2008PTC188995	VERICOM GLOBAL PRIVATE LIMITED	Director	15-09-09	15-09-09	-	Active	YES
14	L92411MH2003PLC140134	TALWALKARS BETTER VALUE FITNESS LIMITED	Director	23-09-10	09-10-09	-	Active	NO

Name :	Mr. Mohandas Shenoy Adige
Designation :	Director
Address :	2, Pearl, Plot-163, Sector 28, Navi Mumbai-400073, Maharashtra, India
Date of Birth/Age :	07.11.1944
Date of Appointment :	03.08.2007
DIN No.:	00280925

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	L40100MH1996PLC104361	NAGPUR POWER AND INDUSTRIES LIMITED	Director	29-06-04	29-06-04	-	Active	NO
2	L65910MH1987PLC044887	ARTEFACT PROJECTS LIMITED	Director	30-01-10	28-07-06	-	Active	NO
3	L17110MH1941PLC003429	BIRLA COTSYN (INDIA) LIMITED	Director	24-10-08	03-08-07	-	Active	NO
4	L29220MH1986PLC041214	BIRLA PRECISION TECHNOLOGIES LIMITED	Director	18-09-08	02-05-08	-	Active	NO
5	U27106MH2008PTC188221	FAIZ SUPER ALLOYS PRIVATE LIMITED	Director	20-03-09	20-03-09	-	Active	NO
6	L74999MH1992PLC066910	BIRLA SHLOKA EDUTECH LIMITED	Director	26-09-09	25-05-09	-	Active	NO
7	L99999MH1986PLC040604	MELSTAR INFORMATION TECHNOLOGIES LIMITED	Director	18-09-09	23-06-09	-	Active	NO
8	U40101MH2010PLC201110	BIRLA ENERGY INFRA LIMITED	Director	22-03-10	22-03-10	-	Active	NO
9	L85100MH2008PLC184689	BIRLA PACIFIC MEDSPA LIMITED	Director	22-06-10	08-06-10	-	Active	NO
10	U32109MH1960PTC011827	THE MOTWANE MANUFACTURING COMPANY PRIVATE LIMITED	Nominee director	13-05-11	13-05-11	-	Active	NO
11	L27100MH2004PLC146283	FACOR STEELS LIMITED	Additional director	07-11-11	07-11-11	-	Active	NO

Name :	Mr. Sanjay Mahadeolal Agarwal
Designation :	Director
Address :	131 B Elmsted, Avenue Wembley- HA98NT, Unted Kingdom
Date of Birth/Age :	28.09.1967
Date of Appointment :	25.01.2007
DIN No.:	01355720

Name :	Mr. Upkar Singh Kohli
Designation :	Director
Address :	Flat No. 202, Chnar Building, 21^st TPS Road, Bandra (West), Mumbai-400050, Maharashtra, India
Date of Birth/Age :	18.08.1947
Date of Appointment :	10.08.2010
DIN No.:	02528045

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	U74900DL2007PLC167329	UV ASSET RECONSTRUCTION COMPANY LIMITED	Director	22-08-09	07-02-09	-	Active	NO
2	L31101MH1984PLC032773	BIRLA POWER SOLUTIONS LIMITED	Director	30-09-10	28-07-09	-	Active	NO
3	L27105MP1984PLC002521	STI INDIA LIMITED	Nominee director	26-05-10	26-05-10	-	Active	NO
4	U01110MH1980PLC022710	C AND M FARMING LIMITED	Nominee director	09-07-10	09-07-10	-	Active	YES
5	U74999MH2008PLC187077	BIRLA SURYA LIMITED	Director	31-03-11	06-08-10	-	Active	NO
6	L17110MH1941PLC003429	BIRLA COTSYN (INDIA) LIMITED	Director	20-09-10	10-08-10	-	Active	NO
7	U65923MH2009PTC198198	UNION KBC TRUSTEE COMPANY PRIVATE LIMITED	Director	25-05-11	03-09-10	-	Active	NO
8	L85100MH2008PLC184689	BIRLA PACIFIC MEDSPA LIMITED	Director	13-10-11	23-11-10	-	Active	NO
9	L24110AP1993PLC016112	AVON ORGANICS LIMITED	Director	29-07-11	22-01-11	-	Active	NO
10	L65990MH1985PLC037697	WEIZMANN FOREX LIMITED	Director	04-03-11	04-03-11	-	Active	NO
11	L31101MH2007PLC168823	KARMA ENERGY LIMITED	Additional director	09-11-11	09-11-11	-	Active	NO

Name :	Mr. Alok Bhardwaj
Designation :	Alternate Director of P B Bhardwaj)
Address :	Regency Villa, Outer Circle, Regents Park, London, United Kingdom – NW14HB
Date of Birth/Age :	21.05.1969
Date of Appointment :	23.01.2009
DIN No.:	00136244

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	U70101DL1996PTC082689	RIDGE FARMS DEVELOPERS PRIVATE LIMITED	Director	04-03-05	04-03-05	-	Active	NO
2	U17111DL2006PTC146156	DIVIT TEXTILES PRIVATE LIMITED	Director	12-06-06	12-06-06	-	Active	NO
3	L17110MH1941PLC003429	BIRLA COTSYN (INDIA) LIMITED	Alternate director	23-01-09	25-01-07	-	Active	NO
4	U92132HR1973PLC007013	HARYANA TELEVISION LIMITED	Additional director	24-02-08	24-02-08	-	Active	NO
5	U17299MH2006PTC165970	SPINWEAVE TEXTILES PRIVATE LIMITED	Director	28-04-08	28-04-08	-	Active	NO

KEY EXECUTIVES

Name :	Mr. O P Jain
Designation :	Business Head
Name :	Mr. Shrikant Chari
Designation :	Chief Financial Officer
Name :	Ms. Monica Gandhi
Designation :	Secretary
Address :	1101, Gambs Tower, Four Bungalow Road, Andheri (East), Mumbai – 400053, Maharashtra, India
Date of Birth/Age :	23.08.1979
Date of Appointment :	10.08.2011

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.12.2011

Names of Shareholders	No. of Shares	Percentage
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Bodies Corporate	285885194	15.32
Any Others (Specify)	3910320	0.21
Trusts	2537280	0.14
Directors/Promoters & their Relatives & Friends	1373040	0.07
Sub Total	289795514	15.53
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	527896754	28.28
(B) Public Shareholding
(1) Institutions
Financial Institutions / Banks	4	--
Central Government / State Government(s)	3000	--
Foreign Institutional Investors	95957652	5.14
Sub Total	95960656	5.14
(2) Non-Institutions
Bodies Corporate	432018688	23.14
Individuals
Individual shareholders holding nominal share capital up to Rs. 0.100 Million	488117018	26.15
Individual shareholders holding nominal share capital in excess of Rs. 0.100 Million	296505840	15.88
Any Others (Specify)	26083448	1.40
Clearing Members	1081532	0.06
Non Resident Indians	24924516	1.34
Trusts	77400	--
Sub Total	1242724994	66.58
Total Public shareholding (B)	1338685650	71.72
Total (A)+(B)	1866582404	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	--	--
(1) Promoter and Promoter Group	--	--
(2) Public	745680000	--
Sub Total	745680000	--
Total (A)+(B)+(C)	2612262404	--

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of Synthetic blended ring spun yarn.

Products :

Product Description	ITC Code
Cotton Yarn	5205.00
Manmade Staple Yarn	5509.00
Cotton Seed Oil	151229.00
Cotton Seed Oil-Cake	230610.03

PRODUCTION STATUS AS ON 31.03.2011

Particulars	Unit	Installed Capacity*	Actual Production
Synthetic Yarn	Spindles	22248	4463
Cotton Yarn	Spindles	36000	3860
Cotton Yarn	Rotors	1728	3194
Cotton Seed Oil	Quintals	75000	--
Cotton Bales	Bales	54798	36208 (In Bales)
Cotton Fabric	Mtrs	--	717094(227 MT)
Grey Fabric	Looms	114	24238 (Mtr)

*As certified by the management and being technical matter accepted by the auditors as correct.

GENERAL INFORMATION

No. of Employees :

100 (Approximately)

Bankers :

• Ing Vysya Bank, Kamanwala Chambers, Fort, Mumbai, Maharashtra, India
• Karur Vysya Bank Limited, Kamanwala Chmabers, Sir P.M. Road, Fort, Mumbai-400001, Maharashtra, India
• Bank of India, Mumbai NID Corporate branch, 70/80, M. G. Road, Mumbai – 400023, Maharashtra, India
• Axis Bank, Royal Accord IV, Lokhandwala Complex, Andheri (West), Mumbai – 400053, Maharashtra, India

Facilities :

Secured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Rupee Term Loans Banks Secured	1130.789	1317.394
Rupee Term Loans Financial Institutions Secured	31.000	59.708
Working Capital Loans Banks Secured	1093.311	496.728
Loans Taken For Vehicles Secured	1.374	0.989
Total	2256.474	1874.819
Unsecured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Fixed deposits unsecured	23.456	0.000
Other debt unsecured	364.674	169.496
Total	388.130	169.496

Banking Relations :	--
Auditors :
Name :	Dalal and Shah Chartered Accountants
Address :	Veer Savarkar Marg, Shivaji Park, Dadar (West), Mumbai-400028, Maharashtra, India
Tel. No.:	91-22-66691000
Fax No.:	91-22-66547800/ 66547801
Subsidiaries :	· Birla Viking Travels Private Limited · Zenith Birla (India) Limited · Birla Global Corporate Limited · Birla Infrastructure Limited · Khamgaon Syntex India Limited · Nirved Traders Private Limited · Birla Power Solutions Limited · Birla Leasing And Infrastructure Limited · Zsenith Dye Intermediaaties Private Limited · Birla Integrated Textile Park Limited · Birla Cotsyn ( India ) Limited, FZE · Birla Integrated Textile Park Limited

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
5500000000	Equity Shares	Rs. 1/- each	Rs. 5500.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2612262404	Equity Shares	Rs. 1/- each	Rs.2612.262 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		2612.262	2134.908	1166.008
2] Share Warrant		15.926	0.000	0.000
3] Reserves & Surplus		309.307	670.219	554.466
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		2937.495	2805.127	1720.474
LOAN FUNDS
1] Secured Loans		2256.474	1874.819	1572.658
2] Unsecured Loans		388.130	169.496	0.000
TOTAL BORROWING		2644.604	2044.315	1572.658
DEFERRED TAX LIABILITIES		52.335	48.298	27.164
TOTAL		5634.434	4897.740	3320.296
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1902.961	1693.433	1496.176
Capital work-in-progress		1016.656	1244.524	1340.938
INVESTMENT		1.596	0.150	0.150
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	654.299	202.392	185.946
	Sundry Debtors	1194.205	720.155	273.167
	Cash & Bank Balances	1021.125	1190.213	26.905
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	684.949	314.596	363.807
Total Current Assets		3554.578	2427.356	849.825
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	652.262	219.912	255.899
	Other Current Liabilities	113.021	83.553	66.309
	Provisions	76.074	164.258	44.585
Total Current Liabilities		841.357	467.723	366.793
Net Current Assets		2713.221	1959.633	483.032
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		5634.434	4897.740	3320.296

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income (Sales and Services income)	5319.756	3440.057	1935.654
		Other Income	259.525	144.268	60.326
		TOTAL (A)	5579.281	3584.325	1995.980
Less	EXPENSES
		Consumption materials changes inventories	4485.085	2761.000	1636.269
		Manufacturing service costs	243.039	223.100	122.970
		Employee related expenses	166.699	140.594	101.494
		Administrative selling other expenses	149.574	99.797	52.167
		TOTAL (B)	5044.397	3224.491	1861.719
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		534.884	359.834	134.261
Less	FINANCIAL EXPENSES (D)		307.923	192.863	49.880
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		226.961	166.971	84.381
Less/ Add	DEPRECIATION/ AMORTISATION (F)		83.442	51.545	51.258
	PROFIT BEFORE TAX (E-F) (G)		143.519	115.426	33.123
Less	TAX (I)		35.509	39.959	11.944
	PROFIT AFTER TAX (G-I) (J)		108.010	75.467	21.179
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		4.627	41.188	33.650
Less	APPROPRIATIONS
		Proposed Dividend	0.000	112.028	11.660
		Dividend Distribution Tax	0.000		1.981
	BALANCE CARRIED TO THE B/S		112.637	4.627	41.188
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	216.855	84.009	61.573
	TOTAL EARNINGS		216.855	84.009	61.573
	IMPORTS
		Stores & Spares	0.465	3.285	1.396
		Capital Goods	1.371	0.000	90.661
	TOTAL IMPORTS		1.836	3.285	92.057
	Earnings Per Share (Rs.)		0.04	0.02	0.02

QUARTERLY RESULTS

PARTICULARS	30.06.2011	30.09.2011	31.12.2011
Type	1^st Quarter	2^nd Quarter	3^rd Quarter
Net Sales	1517.670	1796.070	2032.91
Total Expenditure	1374.820	1658.190	1894.600
PBIDT (Excl OI)	143.050	137.880	138.310
Other Income	2.180	1.050	0.250
Operating Profit	145.230	138.930	138.580
Interest	97.470	96.400	103.390
Exceptional Items	0.000	0.000	0.000
PBDT	47.760	42.530	35.170
Depreciation	23.750	24.030	24.270
Profit Before Tax	24.010	18.500	10.900
Tax	13.130	10.150	4.740
Provisions and contingencies	0.000	0.000	0.000
Profit After Tax	10.880	8.350	6.160
Extraordinary Items	0.000	0.000	0.000
Prior Period Expenses	0.000	0.000	0.000
Other Adjustments	0.000	0.000	0.000
Net Profit	10.880	8.350	6.160

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	1.94	2.10	1.06
Net Profit Margin (PBT/Sales)	(%)	2.70	3.36	1.71
Return on Total Assets (PBT/Total Assets}	(%)	2.63	2.80	1.41
Return on Investment (ROI) (PBT/Networth)		0.05	0.04	0.02
Debt Equity Ratio (Total Liability/Networth)		1.19	0.90	1.13
Current Ratio (Current Asset/Current Liability)		4.22	5.19	2.32

LOCAL AGENCY FURTHER INFORMATION

Note:

The Registered office of the company has been shifted from Fort, Mumbai-400001, Maharashtra, India to present address w.e.f. 13.03.2006

Operating and Financial Performance:

During the year net income increased by 55.95% over the previous year, i.e. from Rs.Rs.3476.757 Millions to Rs. 5422.028 Millions. Profit after tax has increased by 24.34% over the previous year profits. Even though the Government has imposed ban on the export of yarn in the latter half of current year, the Company was able to clock an export turnover of Rs. 265.773 Millions as against the turnover of Rs. 84.009 Millions in previous year.

Contingent Liabilities not provided for in respect of:

Particulars	31.03.2011 Rs. in Millions	31.03.2010 Rs. in Millions
a) Claims against company not acknowledged as debt	0.102	0.102
b) Labour matter pending with the court	1.515	1.515

Bankers Charges Report as per Registry

Corporate identity number of the company	L17110MH1941PLC003429
Name of the company	BIRLA COTSYN (INDIA) LIMITED
Address of the registered office or of the principal place of business in India of the company	Dalamal House, 1^st Floor, J.B. Marg, Nariman Point, Mumbai-400021, Maharashtra, India E-Mail ; monica@yashbirlagroup.com
This form is for	Modification of charge
Charge identification number of the charge to be modified	10125782
Type of charge	Immovable property
Particular of charge holder	Bank of India, Mumbai MID Corporate branch, 70/80, M. G. Road, Mumbai – 400023, Maharashtra, India E-mail ; vlaxman@vsnl.com
Nature of instrument creating charge	2nd Continuing Oral Assent.
Date of instrument Creating the charge	17.10.2011
Amount secured by the charge	Rs.2848.800 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Interest shall be charged on the outstanding in the said account(s) at such rate or rates as may be determined by the said Banks from time to time. Terms of Repayment Working Capital facility shall be repayable on Demand. Term Loans repayable as stipulated in the letter/s of sanction of each of the member banks Margin As may be stipulated by the Member Banks from time to time. Extent and Operation of the charge The Company accorded and gave oral consent to Bank of India and Bank of India acting for itself as well as agent of SICOM Ltd, Axis Bank, SBI, IOB, OBC, Can Bank, CSB, JSBL, UBI and Karur Bank to continue to hold and retain the title deeds (by way of Constructive delivery) in respect of its immovable as security for repayment of Rs.2848.800 Millions Other The charge created herein shall rank by way of first pari passu basis for the Term Loans aggregating to Rs.1525.000 Millions, and on Second Pari Passu basis for working capital facility aggregate amount of Rs.1323.800 Millions granted by the BOI consortium.
Short particulars of the property charged	Plot No.C-6/1, Malkapur Industrial Area with the village limit of Dasarkhed and outside the limits of Malkapur Municipal Council, Taluka Malkapur, District Buldhana, Maharashtra, India Survey No.54/2, Post Box No.1, Ghatanji, Dist. Yavatmal admeasuring 9.65 hectares or thereabouts as per records of the Collector of Land Revenue Yavatmal, Maharashtra, India
Date of instrument modifying the charge	06.10.2010
Particulars of the present modification	The mortgage/charge now stands secured upto Rs.28488 Lacs in favour of Term Lenders (viz. SICOM, Axis Bank, SBI, IOB, BOI, OBC, Can Bank, Catholic Syrian Bank, Janakalyan Sahakari Bank and UBI for their term loans of Rs. 1525.000 Millions on first pari passu charge basis) and Bank of India Consortium (viz. BOI, Axis Bank, UBI, Can Bank, CSB, Karur Vysya Bank and IOB for their working capital facilities aggregating Rs.1323.800 Millions on second pari passu charge basis).

Fixed Assets:

· Freehold Land

· Leasehold Land

· Building

· Plant and Machinery

· Furniture and Fixtures

· Computers

· Other Office Equipments

· Electrical Installation

· Vehicles

AS PER WEBSITE

Profile:

Birla Cotsyn started its operation in 1932 as a flagship of the Yash Birla Group, one of the largest industrial conglomerates in India. The Sprawling unit is located at Khamgaon (M.S) in the industrial belt of Central India. Birla Cotsyn (India) Limited is having Synthetic Blended Ring Spun Yarn manufacturing facility with state of Art machineries at Khamgaon. The company has excellent sales network in India and abroad for Grey and Dyed Solid Griddles, Fancy, Industrial Knitting and Sewing Ring Spun Yarns in various blends and count range from NE 8s to 60s.

The Yash Birla group promoted Birla Cotsyn India (BCIL) has 50:50 Joint venture with the P.B.Bhardwaj  hairman Sunflag Group. In the first phase, the Rs. 315 core integrated textile complex will manufacture open end, rotor based cotton yarn with an installed capacity of 1728 rotors. It will have 114 looms to weave fabric. The state government has conferred the ‘mega project status’ to the project.

Having acquired 100 acres of land at MIDC, Malkapur, they are expanding current capacities from 21000 spindles to 36,000 spindles. With a proposed 1728 rotors and 114 looms, the capacity is bound to rise to 50,000 meters per day.

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.49.07
UK Pound	1	Rs.77.19
Euro	1	Rs.65.57

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	2
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	YES
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		28

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.