MIRA INFORM REPORT

Report Date :

15.06.2012

IDENTIFICATION DETAILS

Name :	PREMIER PLYLAM MARKETING PRIVATE LIMITED
Registered Office :	1956, Malpani Bhawan, II Crossing, Nahargarh Road, Chandpole Bazar, Jaipur - 302001, Rajashtan
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	27.03.2003
Com. Reg. No.:	17-018187
Capital Investment / Paid-up Capital :	Rs. 2.430 Millions
CIN No.: [Company Identification No.]	U51431RJ2003PTC018187
TAN No.: [Tax Deduction & Collection Account No.]	JPRP02083E
PAN No.: [Permanent Account No.]	AACCP9625M
Legal Form :	Private Limited Liability Company
Line of Business :	Dealer, Distributor and Retailer of Plywood and Plywood Products.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

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

Maximum Credit Limit :	USD 46000
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 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 :	1956, Malpani Bhawan, II Crossing, Nahargarh Road, Chandpole Bazar, Jaipur - 302001, Rajashtan, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	ajitkhan@rediffmail.com
Office :	Plot No 8,9,10, Road No-17, V.K.I Area, Opp Kailash Canteen, Jaipur – 302018, Rajasthan, India
Mobile No.:	91-9001798901/ 9314510516

DIRECTORS

AS ON 30.09.2011

Name :

Mr. Ashish Gupta

Designation :

Director

Address :

5-25, Mahaveer Nagar, Tonk Road, Jaipur – 302001, Rajasthan, India

Date of Birth/Age :

26.11.1974

Date of Appointment :

27.03.2003

DIN No.:

01233782

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	U51431RJ2003PTC018187	PREMIER PLYLAM MARKETING PRIVATE LIMITED	Director	27-03-03	27-03-03	-	Active	NO
2	U67200RJ2003PTC018734	K.D.K. SOFTWARES (INDIA) PRIVATE LIMITED	Director	11-11-03	11-11-03	01-03-08	Active	NO
3	U45201RJ2007PTC025283	PREMIER BUILDHOME PRIVATE LIMITED	Director	07-11-07	07-11-07	-	Active	NO
4	U45201RJ2002PTC017832	RELIABLE BUILD-TECH PRIVATE LIMITED	Director	04-01-12	04-01-12	-	Active	NO

Name :

Mr. Sangeeta Gupta

Designation :

Director

Address :

1/601, Near MGPS Vidhyadhar Nagar, Jaipur – 302023, Rajasthan, India

Date of Appointment :

10.11.2010

DIN No.:

03248128

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	U45201RJ2007PTC025283	PREMIER BUILDHOME PRIVATE LIMITED	Director	10-11-10	10-11-10	Active	NO
2	U51431RJ2003PTC018187	PREMIER PLYLAM MARKETING PRIVATE LIMITED	Director	10-11-10	10-11-10	Active	NO
3	U45201RJ2002PTC017832	RELIABLE BUILD-TECH PRIVATE LIMITED	Director	04-01-12	04-01-12	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2011

Names of Shareholders	No. of Shares
Ashish Gupta Bal Swaroop Gupta	20000
Vinay Gupta Bal Swaroop Gupta	14480
Taramati Gupta Bal Swaroop Gupta	1500
Bal Swaroop Gupta HUF	12500
Punitha Gupta Vinay Gupta	12500
Bal Swaroop Gupta B.L. Gupta	6250
Master Shubham Gupta	13000
Akshaya Gupta	5500
Master Chirag Gupta	2500
Sangeeta Gupta Ashish Gupta	11500
Master Jatin Gupta	8250
Vinay Gupta HUF	12500
Ashish Gupta HUF	12500
Kasam Khan	10
Shiv Prasad Agarwal	10
Premier Buildhome Private	110000
Total	243000

AS ON 30.09.2011

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	45.27
Directors or relatives of directors	54.73
Total	100.00

BUSINESS DETAILS

Line of Business :	Dealer, Distributor and Retailer of Plywood and Plywood Products.
Products :	· Plywood/ Boards and Flush Doors · Laminate Sheets and Aluminium Composite Panels · MDF and Particle Board · Adhesives

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

• Indusind Bank, Sangam Complex, M. I. Road, Jaipur – 302001, Rajasthan, India
• Punjab National Bank

Facilities :

Secured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
From Banks:
Indusind Bank Limited-Cash credit Facility (Secured against hypothecation of stock)	10.379	0.000
Total	10.379	0.000
Unsecured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
From Director	5.132	0.650
From Shareholders	0.777	0.750
From Directors Relative	8.204	3.744
Total	14.113	5.144

Banking Relations :	--
Auditors :
Name :	Kalani and Company Chartered Accountants
Address :	Shankar Ratan Chambers, S-23 A, Mangal Marg, Bapu Nagar, Jaipur – 302015, Rajasthan, India
Tel. No.:	91-141-2709001/ 2/ 3/ 2707004
Fax No.:	91-141-2703507
E-Mail :	jaipureast@kalanico.com
Income-tax PAN of auditor or auditor's firm :	AABFK0738Q

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs. 10/- each	Rs. 5.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
243000	Equity Shares	Rs. 10/- each	Rs. 2.430 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		2.430	2.430	1.330
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		9.155	7.834	3.880
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		11.585	10.264	5.210
LOAN FUNDS
1] Secured Loans		10.379	0.000	0.000
2] Unsecured Loans		14.113	5.144	0.826
TOTAL BORROWING		24.492	5.144	0.826
DEFERRED TAX LIABILITIES		0.004	0.004	0.004
TOTAL		36.081	15.412	6.040
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.038	0.046	0.064
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		1.325	0.000	0.000
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	11.945	24.356	17.061
	Sundry Debtors	51.610	12.529	1.045
	Cash & Bank Balances	1.213	2.598	5.554
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	0.659	1.206	0.180
Total Current Assets		65.427	40.689	23.840
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	26.853	19.271	16.513
	Other Current Liabilities	3.575	5.982	1.346
	Provisions	0.281	0.070	0.005
Total Current Liabilities		30.709	25.323	17.864
Net Current Assets		34.718	15.366	5.976
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		36.081	15.412	6.040

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES		162.515	67.065	26.270
Less	EXPENSES
		Increase/ (Decrease) in stock	11.278	(4.873)	(9.547)
		Expenses	149.446	71.183	35.522
		TOTAL	160.724	66.310	25.975
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		1.791	0.755	0.295
Less/ Add	DEPRECIATION/ AMORTISATION		0.013	0.018	0.014
	PROFIT BEFORE TAX		1.778	0.737	0.281
Less	TAX		0.458	0.083	(0.076)
	PROFIT AFTER TAX		1.320	0.654	0.357
	Earnings Per Share (Rs.)		6.78	3.36	2.68

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.81	0.98	1.36
Net Profit Margin (PBT/Sales)	(%)	1.09	1.10	1.07
Return on Total Assets (PBT/Total Assets}	(%)	2.72	1.81	1.18
Return on Investment (ROI) (PBT/Networth)		0.15	0.07	0.05
Debt Equity Ratio (Total Liability/Networth)		4.76	2.97	3.59
Current Ratio (Current Asset/Current Liability)		2.13	1.61	1.33

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. Constitution of the firm	Yes
4. Premises details	No
5. Type of Business	Yes
6. Line of Business	Yes
7. Promoter’s background	Yes
8. No. of Employees	No
9. Name of person contacted	No
10. Designation of contact person	No
11. Turnover of firm for last three years	Yes
12. Profitability for last three years	Yes
13. Reasons for variation <> 20%	--
14. Estimation for coming financial year	No
15. Capital in the business	Yes
16. Details of sister concerns	No
17. Major suppliers	No
18. Major customers	No
19. Payments terms	No
20. Export / Import details	No
21. Market information	--
22. Litigations that the firm / promoter involved	--
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

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U51431RJ2003PTC018187
Name of the company	PREMIER PLYLAM MARKETING PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	1956, Malpani Bhawan, II Crossing, Nahargarh Road, Chandpole Bazar, Jaipur – 302001, Rajasthan, India
This form is for	Modification of charge
Charge identification number of the modified	10266075
Type of charge	Immovable Property Book Debts Movable Property Others (First Charge on Fixed Assets and Stocks)
Particular of charge holder	Indusind Bank, Sangam Complex, M. I. Road, Jaipur – 302001, Rajasthan, India Email ID: mittal.pankaj@indusind.com
Nature of description of the instrument creating or modifying the charge	Master General Terms Agreement, Deed of Hypothecation and Letter for continuing guarantee
Date of instrument Creating the charge	30.03.2012
Amount secured by the charge	Rs. 40.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest For Cash Credit- 2.25% above Bank's Base Rate. Present applicable rate is 13.00%. For WCDL- At a rate computed at a spread above base rate. Terms of Repayment Repayable on demand Margin 25% on Stocks 40% on Book Debts Extent and Operation of the charge First Charge
Short particulars of the property charged	1. Hypothecation of entire current assets comprising stocks of raw material, WIP, finished goods, book debts, other current assets and movable assets of the company. 2. First and exclusive charge on entire fixed assets of the company. 3. Corporate Guarantee given by M/s Premier Buildhome Private Limited. 4. Extension of equitable mortgage of residential property situated at Plot No. 1/408, Vidyadhar Nagar, Jaipur in the name of Mr. Ashish Gupta. 5. Equitable mortgage of residential property situated at S-25, Mahaveer Nagar, Jaipur standing in the name of Mr. Ashish Gupta. 6. Equitable Mortgage of residential property Plot No. S-25 A, Mahaveer Nagar, Jaipur standing in the name of Mrs. Sangeeta Gupta. 7. Extension of equitable mortgage of Commercial shop situated at AMC No. 494/16=665/8C (New) Gandhi Market, Madar Gate, Ajmer in the name of Mr. Bal Swaroop Gupta.
Date of latest modification prior to the present modification	20.04.2011
Particulars of the present modification	Cash Credit limit enhanced to Rs. 40.000 Millions including Working Capital Demand Loan (as a sub-limit of CC Limit) of Rs. 30.000 Millions.

FIXED ASSETS

· Plant and Machinery

· Computer

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 55.79
UK Pound	1	Rs. 86.37
Euro	1	Rs. 70.07

INFORMATION DETAILS

Report Prepared by :

BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	4
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	4
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		43

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.