MIRA INFORM REPORT

1. Summary Information

		Country	INDIA
Company Name	ACG PHARMAPACK PRIVATE LIMITED	Principal Name 1	MR. AJIT DALJIT SINGH
Status	SATISFACTORY	Principal Name 2	MR. JASJIT DALJIT SINGH
		Registration #	11-149770
Street Address	1001, DALAMAL HOUSE, 10^TH FLOOR, NARIMAN POINT, MUMBAI – 400 021, MAHARASHTRA
Established Date	01.12.2004	SIC Code	--
Telephone#	91-22-22872557	Business Style 1	MANUFACTURER
Fax #	91-22-22872560	Business Style 2	--
Homepage	www.acg-world.com www.acg-pharmapack.com	Product Name 1	BLIST PACK FILMS
# of employees	280 (APPROXIMATELY)	Product Name 2	--
Paid up capital	Rs.104,184,000/-	Product Name 3	--
Shareholders	BODIES CORPORATE-51.94% DIRECTORS OR RELATIVES OF DIRECTORS-48.06%	Banking	STANDARD CHARTERED BANK
Public Limited Corp.	NO	Business Period	8 YEARS
IPO	NO	International Ins.	--
Public Enterprise	NO	Rating	Ba (45)
Related Company
Relation	Country	Company Name	CEO
HOLDING COMPANY	INDIA	PACKSHIELD INDIA PRIVATE LIMITED	--
Note	--

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	532,686,000	Current Liabilities	127,294,000
Inventories	201,276,000	Long-term Liabilities	415,983,000
Fixed Assets	513,039,000	Other Liabilities	58,094,000
Deferred Assets	0,000	Total Liabilities	601,371,000
Invest& other Assets	3,574,000	Retained Earnings	545,020,000
		Net Worth	649,204,000
Total Assets	1,250,575,000	Total Liab. & Equity	1,250,575,000
Total Assets (Previous Year)	1,199,990,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Gross Turnover	1,682,100,000	Net Profit	30,500,000
Gross Turnover (Previous yr)	1,245,000,000	Net Profit (Prev.yr)	(19,600,000)

MIRA INFORM REPORT

Report Date :

26.07.2012

IDENTIFICATION DETAILS

Name :	ACG PHARMAPACK PRIVATE LIMITED (w.e.f. 11.01.2008)

Formerly Known As :	PRIKARNA PROPERTIES PRIVATE LIMITED

Registered Office :	1001, Dalamal House, 10^th Floor, Nariman Point, Mumbai – 400 021, Maharashtra

Country :	India

Financials (as on) :	31.03.2011

Date of Incorporation :	01.12.2004

Com. Reg. No.:	11-149770

Capital Investment / Paid-up Capital :	Rs.104.184 Millions

CIN No.: [Company Identification No.]	U45200MH2004PTC149770

TAN No.: [Tax Deduction & Collection Account No.]	PNEA11035D

PAN No.: [Permanent Account No.]	AAHCA0550D

Legal Form :	Private Limited Liability Company

Line of Business :	Manufacturer of Blist Pack Films.

No. of Employees :	280 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

Maximum Credit Limit :	USD 2600000

Status :	Satisfactory

Payment Behaviour :	Usually Correct

Litigation :	Clear

Comments :	Subject is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – June 30, 2012

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

India

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

RBI DEFAILTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAILTERS’ 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.

INFORMATION PARTED BY

Name :	Mr. Balvant
Designation :	Finance Executive
Contact No.:	91-2169-305251

LOCATIONS

Registered Office/ Corporate Headquarters :	1001, Dalamal House, 10^th Floor, Nariman Point, Mumbai – 400 021, Maharashtra, India
Tel. No.:	91-22-22872557/ 30089444/ 45
Fax No.:	91-22-22872560
E-Mail :	gopal.shetty@acg-world.com kishor.limaye@acg-world.com gopal.shetty@acg-world.com vivek.joshi@acg-world.com info@acg-world.com
Website :	http://www.acg-world.com http://www.acg-pharmapack.com
Area :	2500 Sq. ft.
Location :	Owned by group company

Factory :	Shindewadi, Taluka Khandala, Shirwal, District Satara – 412 801, Maharashtra, India
Tel. No.:	91-2169-244001/ 305252
Fax No.:	91-2169-244379/ 305218
E-Mail :	sales.pharmapack@acg-world.com
Location :	Owned by group company

Sales/ Research Center :	Saitech Center, 7, Prabhat Nagar, Patel Estate, Jogeshwari (West), Mumbai – 400 102, Maharashtra, India
Tel No.:	91-22-26780127/ 26791955/ 26789642
Fax No.:	91-22-26783244
Email :	sales.pharmapack@acg-world.com

DIRECTORS

As on 22.07.2011

Name :

Mr. Ajit Daljit Singh

Designation :

Director

Address :

1-A, Brighton Rungata Lane, Nepeansea Road, Mumbai – 400 006, Maharashtra, India

Date of Birth/Age :

20.11.1941

Qualification :

M.A (CANTAB) and Post Graduate work at Harvard Business School, USA

Date of Appointment :

01.12.2004

DIN No. :

00915347

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	U29100MH1972PTC016053	ACG AJAS COMPONENTS PRIVATE LIMITED	Director	07/10/1972	07/10/1972	-	Active	NO
2	U01110MH1971GAP015467	SCI-TECH CENTRE	Director	15/03/1974	15/03/1974	-	Active	NO
3	U73100MH1981ULT023930	EMELL AUDHOWAGIK SAMSHODHAN NIGAM PRIVATE LIMITED	Director	28/02/1981	28/02/1981	-	Strike off	NO
4	U24235MH1988PTC048924	CUSTOM CAPSULES PRIVATE LIMITED	Director	23/09/1988	23/09/1988	-	Active	NO
5	U27299MH1987PTC044041	ACG PAMPAC MACHINES PRIVATE LIMITED	Director	01/11/1988	01/11/1988	-	Active	NO
6	U24239MH1972PTC015632	ACG PAM PHARMA TECHNOLOGIES PRIVATE LIMITED	Director	01/11/1988	01/11/1988	-	Active	NO
7	U74120MH1983NPL031696	AJAS AGROVET FOUNDATION	Director	01/04/1994	01/04/1994	-	Active	NO
8	U29251MH1996PTC104558	PAM-GLATT PHARMA TECHNOLOGIES PRIVATE LIMITED	Director	17/12/1996	17/12/1996	-	Active	NO
9	U24239MH1983PTC031336	ACG ARTS AND PROPERTIES PRIVATE LIMITED	Director	28/09/1999	28/09/1999	-	Active	NO
10	U28129MH2003PTC139916	PACKSHIELD INDIA PRIVATE LIMITED	Director	07/04/2003	07/04/2003	-	Active	NO
11	U45200MH2004PTC149770	ACG PHARMAPACK PRIVATE LIMITED	Director	01/12/2004	01/12/2004	-	Active	NO
12	U45200MH1994PTC077466	ACG REAL ESTATE PRIVATE LIMITED	Director	11/03/2005	11/03/2005	-	Active	NO
13	U24239MH1961PTC012061	ACG ASSOCIATED CAPSULES PRIVATE LIMITED	Whole-time director	01/04/2005	01/04/2005	-	Active	NO
14	U91120MH1965GAP013389	ORGANISATION OF PHARMACEUTICAL PRODUCERS OF INDIA	Director	23/09/2006	23/09/2006	-	Active	NO
15	U72200GJ2008PTC055122	VIZTEK TECHNOLOGIES PRIVATE LIMITED	Director	26/09/2008	26/09/2008	21/07/2009	Active	NO
16	U29219MH2009PTC190634	PAM INDTECH MACHINES PRIVATE LIMITED	Director	25/03/2009	25/03/2009	-	Active	NO
17	U72300MH2009PTC192362	ACG INSPECTION SYSTEMS PRIVATE LIMITED	Director	22/06/2009	22/06/2009	-	Active	NO
18	U74999MH2008NPL185159	INTERNATIONAL WINE AND FOOD SOCIETY	Director	01/08/2009	01/08/2009	-	Active	NO
19	U29268MH2009PTC196714	ACG KORSCH COMPRESSION TECHNOLOGIES PRIVATE LIMITED	Director	28/10/2009	28/10/2009	-	Strike off	NO
20	U70109MH2010PTC199305	EVITA ESTATES PRIVATE LIMITED	Director	12/04/2010	12/04/2010	-	Active	NO
21	U70102MH2010PTC198368	ORIND ESTATES PRIVATE LIMITED	Director	12/04/2010	12/04/2010	-	Active	NO
22	U51909MH2010PTC201509	ADHIKAR TRADING PRIVATE LIMITED	Director	12/05/2010	12/05/2010	-	Active	NO
23	U51909MH2010PTC202502	JEET MERCANTILE PRIVATE LIMITED	Director	14/05/2010	14/05/2010	-	Active	NO
24	U74210MH2010PTC204129	ACG METALCRAFTS PRIVATE LIMITED	Director	26/07/2010	26/07/2010	-	Active	NO
25	AAA-1357	ACG VALUE LINKS LLP	Body corporate as Designated Partner	18/05/2010	18/05/2010	-	Active	NO

Name :

Mr. Jasjit Daljit Singh

Designation :

Director

Address:

2-B, Swapnalok, L.J. Marg. Nepeansea Road, Mumbai – 400 006, Maharashtra, India

Date of Birth/ Age:

03.04.1943

Qualification :

B.E (Mechanical)

Date of Appointment :

01.12.2004

DIN No. :

00901470

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	U29100MH1972PTC016053	ACG AJAS COMPONENTS PRIVATE LIMITED	Director	07/10/1972	07/10/1972	-	Active	NO
2	U24239MH1972PTC015632	ACG PAM PHARMA TECHNOLOGIES PRIVATE LIMITED	Director	02/12/1972	02/12/1972	-	Active	NO
3	U01110MH1971GAP015467	SCI-TECH CENTRE	Director	12/07/1976	12/07/1976	-	Active	NO
4	U73100MH1981ULT023930	EMELL AUDHOWAGIK SAMSHODHAN NIGAM PRIVATE LIMITED	Director	28/02/1981	28/02/1981	-	Strike off	NO
5	U74120MH1983NPL031696	AJAS AGROVET FOUNDATION	Director	29/12/1983	29/12/1983	-	Active	NO
6	U27299MH1987PTC044041	ACG PAMPAC MACHINES PRIVATE LIMITED	Director	09/07/1987	09/07/1987	-	Active	NO
7	U24235MH1988PTC048924	CUSTOM CAPSULES PRIVATE LIMITED	Director	23/09/1988	23/09/1988	-	Active	NO
8	U29251MH1996PTC104558	PAM-GLATT PHARMA TECHNOLOGIES PRIVATE LIMITED	Director	17/12/1996	17/12/1996	-	Active	NO
9	U24239MH1983PTC031336	ACG ARTS AND PROPERTIES PRIVATE LIMITED	Director	01/10/1998	01/10/1998	-	Active	NO
10	U28129MH2003PTC139916	PACKSHIELD INDIA PRIVATE LIMITED	Director	07/04/2003	07/04/2003	-	Active	NO
11	U45200MH2004PTC149770	ACG PHARMAPACK PRIVATE LIMITED	Director	01/12/2004	01/12/2004	-	Active	NO
12	U45200MH1994PTC077466	ACG REAL ESTATE PRIVATE LIMITED	Director	11/03/2005	11/03/2005	-	Active	NO
13	U24239MH1961PTC012061	ACG ASSOCIATED CAPSULES PRIVATE LIMITED	Managing director	01/04/2005	01/04/2005	-	Active	NO
14	U72200GJ2008PTC055122	VIZTEK TECHNOLOGIES PRIVATE LIMITED	Director	26/09/2008	26/09/2008	21/07/2009	Active	NO
15	U29219MH2009PTC190634	PAM INDTECH MACHINES PRIVATE LIMITED	Director	25/03/2009	25/03/2009	-	Active	NO
16	U72300MH2009PTC192362	ACG INSPECTION SYSTEMS PRIVATE LIMITED	Director	22/06/2009	22/06/2009	-	Active	NO
17	U29268MH2009PTC196714	ACG KORSCH COMPRESSION TECHNOLOGIES PRIVATE LIMITED	Director	28/10/2009	28/10/2009	-	Strike off	NO
18	U70109MH2010PTC199305	EVITA ESTATES PRIVATE LIMITED	Director	12/04/2010	12/04/2010	-	Active	NO
19	U70102MH2010PTC198368	ORIND ESTATES PRIVATE LIMITED	Director	12/04/2010	12/04/2010	-	Active	NO
20	U51909MH2010PTC201509	ADHIKAR TRADING PRIVATE LIMITED	Director	12/05/2010	12/05/2010	-	Active	NO
21	U51909MH2010PTC202502	JEET MERCANTILE PRIVATE LIMITED	Director	14/05/2010	14/05/2010	-	Active	NO
22	U74210MH2010PTC204129	ACG METALCRAFTS PRIVATE LIMITED	Director	26/07/2010	26/07/2010	-	Active	NO
23	U91990MH2010NPL211312	W P ORGANISATION (MUMBAI CHAPTER)	Director	23/12/2010	23/12/2010	10/01/2011	Active	NO
24	AAA-1357	ACG VALUE LINKS LLP	Body corporate as Designated Partner	18/05/2010	18/05/2010	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Dilip Ganpat Nagool
Designation :	Company Secretary
Address :	A-302, Centre Point, Opposite TMC, Panchpakhadi, Thane – 400 602, Maharashtra, India
Date of Birth/Age :	14.11.1956
Date of Appointment :	21.05.2008
PAN No. :	AAAPM1770C

Name :	Mr. Balvant
Designation :	Finance Executive

Name :	Mr. Sharad S. Kulkarni
Designation :	Vice President – Operation
Date of Birth/Age :	51 Years
Qualification :	B.E. - Chemical, LLB
Experience :	27 Years
Date of Appointment :	05.10.2009

Name :	Mr. Sanjeev Kulkarni
Designation :	General Manager – Innovation
Date of Birth/Age :	48 Years
Qualification :	Ph.D in Polymer
Experience :	25 Years
Date of Appointment :	20.05.2009

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 22.07.2011

Names of Shareholders (Equity Shares)		No. of Shares
Associated Capsules Private Limited, India		4900
Ajit Singh Nominee of Associated Capsules Private Limited, India		100
Associated Capsules Private Limited, India		4900
Jasjit Singh Nominee of Associated Capsules Private Limited, India		100
Jasjit Singh HUF		12765
Kavita Jasjit Singh		3780
Nandini Jasjit Singh		1980
Singh Family Trust		180
Sardar Daljit Singh HUF		5580
MNT Will Trust		180
Priya Jasjit Singh		1980
Karan Jasjit Singh		1980
Jasjit Daljit Singh		228733
Ajit Daljit Singh		251398
Packshield India Private Limited, India		539720
Total		1058276

As on 22.07.2011

Names of Shareholders (Preference Shares)		No. of Shares
AE Advisors Private Limited, India		7488000
Vijay Kuverba		1872000
Ajit Singh		50
Jasjit Singh		50
Total		9360100

Equity Share Breakup (Percentage of total Equity)

As on 22.07.2011

Category	Percentage
Bodies corporate	51.94
Directors or relatives of Directors	48.06
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Blist Pack Films.

Products :

Item Code No. (ITC Code)

3131

Product Description

Rigid PVC Films/Sheets/PVDC Coated Films/Coating on various substrates and

/laminated Films

Exports:

Products :

Blist Pack Films

Countries :

v Brazil

v European Countries

Terms :

Selling :

L/C, Cash and Credit (30 Days and 60 Days)

Purchasing :

Cash and Credit (30 Days and 60 Days)

GENERAL INFORMATION

Customers :

Wholesalers, Retailers and End Users

No. of Employees :

280 (Approximately)

Bankers :

v Standard Chartered Bank, 90, M.G. Road, Fort, Mumbai – 400 001, Maharashtra, India

v HDFC Bank Limited, 4^th Floor, Millennium Towers, Bhandarkar Road, Pune – 411 004, Maharashtra, India

v HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India

Facilities :

Secured Loans	31.03.2011 (Rs. in millions)	31.03.2010 (Rs. in millions)
Rupee Term Loans Banks Secured	75.000	96.875
Working Capital Loans Banks Secured	245.339	168.266
Total	320.339	265.141

Notes:

(Rupee Term loan is secured by way of charge on moveable fixed assets due within one year Rs.25.000 Millions Working capital is secured by way of hypothecation of Stocks in Trade and Book Debts)

Unsecured Loans

31.03.2011

(Rs. in millions)

31.03.2010

(Rs. in millions)

Deferred sales tax loan unsecured

95.644

Total

95.644

Notes:

(Under the Package Scheme of Incentives of the Government of Maharashtra. Repayable From 01.04.2014)

Banking Relations :

Auditors :

Name :

A.J. Shah and Company

Chartered Accountants

Address :

C Block, Fort Chambers, 65, Tamarind Lane, Fort, Mumbai – 400 023, Maharashtra, India

PAN No.:

AAAFA3818L

Holding Company :

Packshield India Private Limited, India

(CIN No.: U28129MH2003PTC139916)

Jointly Controlled Entities :

v ACG Hongkong Limited

v ACG Do Brazil Representacoes Comerciais S.A

Companies / Firms over which the Directors have significant influence or control :

Companies

v ACG Arts and Properties Private Limited

v ACG Associated Capsules Private Limited

v ACG Ajas Components Private Limited

v ACG Inspection Systems Private Limited

v Custom Capsules Private Limited

v ACG Pampac Machines Private Limited

v ACG Real Estate Private Limited (formerly Trambak Developers Private Limited)

v Pam Inteck Machines Private Limited

v ACG Korsch Compression Technologies Private Limited

v Nepean Holdings Private Limited

v Scitech Centre

v ACG Pam Glatt Pharma Technologies Private Limited

v EH Advisors and Consultants Private Limited

v AE Advisors Private Limited

Foreign Companies

v ACG North America LLC

v PT. Universal Capsules Indonesia INC

v Universal Capsules Philippines Inc

v Amiricaps USA

v Symtech International Limited, Dubai

v First Ventures Limited, Dubai Proprietor AS

v Transworld Investments Limited, Dubai Proprietor JS

v ACG Europe Limited

v ACG Holding B.V, Netherlands

v Lukaps d.o.o, Croatia

Firms

v Aries Components Mfg and Co

v Bulk Buyers

v Capsulabs

v Centercops

v Pharmagents

HUF

v Jasjit Singh (HUF)

v Sardar Daljit Singh (HUF)

TRUSTS

v CNS Trust

v MNT Will Trust

v Singh Family Trust

PROPRIETORSHIP

v Reflection

CAPITAL STRUCTURE

After 22.07.2011

Authorised Capital: Rs.110.000 Millions

Issued, Subscribed & Paid-up Capital: Rs.85.463 Millions

As on 31.03.2011

Authorised Capital:

No. of Shares	Type	Value	Amount
1500000	Equity Shares	Rs.10/- each	Rs.15.000 Millions
9500000	Preference Shares	Rs.10/- each	Rs.95.000 Millions
	Total		Rs.110.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1058276	Equity Shares	Rs.10/- each	Rs.10.583 Millions
9360100	Redeemable Non Cumulative Preference Shares (Redeemable after 3 years from date of allotment i.e. 22^nd July, 2008.)	Rs.10/- each	Rs.93.601 Millions
	Total		Rs.104.184 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		104.184	104.184	104.184
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		545.020	553.694	573.320
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		649.204	657.878	677.504
LOAN FUNDS
1] Secured Loans		320.339	265.141	0.098
2] Unsecured Loans		95.644	95.644	95.643
TOTAL BORROWING		415.983	360.785	95.741
DEFERRED TAX LIABILITIES		11.178	4.573	7.874

TOTAL		1076.365	1023.236	781.119

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		513.039	514.375	310.653
Capital work-in-progress		2.275	13.102	41.234

INVESTMENT		1.299	1.238	0.000
DEFERRED TAX ASSETS		0.000	0.000	0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	201.276	138.561	118.629
	Sundry Debtors	423.465	369.355	271.675
	Cash & Bank Balances	2.305	1.236	25.828
	Other Current Assets	87.833	94.510	0.000
	Loans & Advances	19.083	67.613	124.972
Total Current Assets		733.962	671.275	541.104
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	82.441	90.761	44.309
	Other Current Liabilities	44.853	46.859	57.052
	Provisions	46.916	39.134	10.511
Total Current Liabilities		174.210	176.754	111.872
Net Current Assets		559.752	494.521	429.232

MISCELLANEOUS EXPENSES		0.000	0.000	0.000

TOTAL		1076.365	1023.236	781.119

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	GROSS TURNOVER		1682.100	1245.000	1136.677

	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		109.800	24.000	54.825

Less	INTEREST COST		27.600	11.400	3.960

	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		82.200	12.600	50.865

Less/ Add	DEPRECIATION/ AMORTISATION		45.100	35.500	18.569

	PROFIT/(LOSS) BEFORE TAX		37.100	(22.900)	32.296

Less	TAX		6.600	(3.300)	12.192

	PROFIT/(LOSS) AFTER TAX		30.500	(19.600)	20.104

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		20.600	40.200	65.104

Less	APPROPRIATIONS
		General Reserve	3.100	0.000	45.000
		Dividend on Preference Shares	39.200	0.000	0.000
	BALANCE CARRIED TO THE B/S		8.800	20.600	40.208

	EARNINGS IN FOREIGN CURRENCY
		FOB Value of Exports	417.300	342.919	221.302
		Agency Commission		13.322	13.318
	TOTAL EARNINGS		417.300	356.241	234.620

	IMPORTS
		Raw Materials	NA	478.000	370.764
		Stores & Spare Parts		0.000	0.000
		Capital Goods		56.605	10.012
		Others		2.876	0.000
	TOTAL IMPORTS		NA	537.481	380.776

	Earnings/ (Loss) Per Share (Rs.)		(8.20)	(18.54)	19.00

Particulars

31.03.2012

Sales Turnover (Approximately)

1900.000

Expected Sales (2012-2013): Rs.2500.000 Millions

The above information has been parted by Mr. Balvant.

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
Return on Total Assets (PBT/Total Assets}	(%)	2.98	(1.93)	3.79

Return on Investment (ROI) (PBT/Networth)		0.06	(0.03)	0.05

Debt Equity Ratio (Total Liability/Networth)		0.91	0.82	0.31

Current Ratio (Current Asset/Current Liability)		4.21	3.80	4.84

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report (Yes / No)
1) Year of Establishment	Yes
2) Locality of the firm	Yes
3) Constitutions of the firm	Yes
4) Premises details	Yes
5) Type of Business	Yes
6) Line of Business	Yes
7) Promoter’s background	Yes
8) No. of employees	Yes
9) Name of person contacted	Yes
10) Designation of contact person	Yes
11) Turnover of firm for last three years	Yes
12) Profitability for last three years	Yes
13) Reasons for variation <> 20%	--
14) Estimation for coming financial year	Yes
15) Capital in the business	Yes
16) Details of sister concerns	Yes
17) Major suppliers	No
18) Major customers	No
19) Payments terms	Yes
20) Export / Import details (if applicable)	Yes
21) Market information	--
22) Litigations that the firm / promoter	--
23) Banking Details	Yes
24) Banking facility details	Yes
25) Conduct of the banking account	--
26) Buyer visit details	--
27) Financials, if provided	Yes
28) Incorporation details, if applicable	Yes
29) Last accounts filed at ROC	Yes
30) Major Shareholders, if available	Yes
31) PAN of Proprietor/Partner/Director, if available	No
32) Passport No of Proprietor/Partner/Director, if available	No
33) Voter ID No of Proprietor/Partner/Director, if available	No

PERFORMANCE

The Company recorded a net turnover of Rs.1682.100 Millions for 2010-11 registering a growth of 35% over previous year. The performance is attributable to its thrust on new markets, international business, innovative products and additional capacities introduced during the year.

CONTINGENT LIABILITIES NOT PROVIDED FOR (AS ON 31.03.2011)

v Letters of Undertaking to Customs towards export obligation against advance license Rs.72.592 millions.

v Bank guarantee issued by bank on behalf of company Rs. Nil.

v L/C issued to vendor against import obligation Rs.114.392 millions.

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U45200MH2004PTC149770
Name of the company	ACG PHARMAPACK PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	1001, Dalamal House, 10^th Floor, Nariman Point, Mumbai – 400 021, Maharashtra, India E-mail : kishor.limaye@acg-world.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10123785
Type of charge	Book debts Movable property (not being pledge) Floating charge
Particular of charge holder	Standard Chartered Bank, Crescenzo, 3A/F, Plot no. C-38 and 39, G Block, Bandra Kurla Complex, Bandra East, Mumbai – 400 051, Maharashtra, India E-mail : shivan.umashankar@sc.com
Nature of instrument creating charge	Supplemental to Unattested Memorandum of Hypothecation
Date of instrument Creating the charge	15.11.2011
Amount secured by the charge	Rs.530.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest Credit Facilities. Interest / Commission - As agreed by and with the Bank from time to time. Terms of repayment As agreed by and with the Bank from time to time. Margin As agreed by and with the Bank from time to time. Extent and operation of the charge The Bank is having pari passu first charge on present and future current assets (stocks and book debts) of the Company
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Hypothecation by way of pari passu first charge on a) all present and future book debts, outstanding moneys receivables, claims and bills b) all present and future stock in trade consisting of raw materials, finished goods, goods in process of manufacturing and other merchandise.
Date of instrument modifying the charge	20.10.2010
Particulars of the present modification	The existing charge amount of Rs.350.000 Millions enhanced to Rs.530.000 Millions against the security of hypothecation by way of pari passu first charge on a) all present and future book debts, outstanding moneys receivables, claims and bills b) all present and future stock in trade consisting of raw materials, finished goods, goods in process of manufacturing and other merchandise.

FIXED ASSETS

v Land

v Buildings

v Plant and Machinery

v Data Processing Equipments

v Vehicles

v Furniture and Fixtures

v Office Equipments

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.56.37
UK Pound	1	Rs.87.44
Euro	1	Rs.68.05

INFORMATION DETAILS

Report Prepared by :

SMN

SCORE & RATING EXPLANATIONS

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

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

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

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

RATING EXPLANATIONS

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

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

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

532,686,000

127,294,000

201,276,000

58,094,000

MIRA INFORM REPORT

201.276

138.561

423.465

369.355

2.305

1.236

87.833

94.510

19.083

67.613

733.962

671.275

82.441

90.761

44.853

46.859

46.916

39.134

174.210

176.754

559.752

494.521

2.98

(1.93)

0.06

(0.03)

0.91

0.82

4.21

3.80

Unit