MIRA INFORM REPORT

Report Date :

20.06.2012

IDENTIFICATION DETAILS

Name :	AVICHAL BUILDCON PRIVATE LIMITED

Formerly Known As :	Dharmpal Satyapal Limited (Flexible Packaging Division)

Registered Office :	1711 S.P. Mukherjee Margdelhi – 6, Delhi - 110006

Country :	India

Financials (as on) :	31.03.2011

Date of Incorporation :	24.02.2006

Com. Reg. No.:	55-146777

Capital Investment / Paid-up Capital :	Rs.158.694 Millions

CIN No.: [Company Identification No.]	U70101DL2006PTC146777

TAN No.: [Tax Deduction & Collection Account No.]	DELA20105B

PAN No.: [Permanent Account No.]	AAFCA6846A

Legal Form :	Private Limited Liability Company

Line of Business :	Manufacturer of Flexible Packaging.

No. of Employees :	100 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 1600000

Status :	Moderate

Payment Behaviour :	Slow

Litigation :	Clear

Comments :	Subject is an established company having moderate track. There appears huge accumulated losses in the records of the company. Financial position of the company appears to be vulnerable. However, trade relations are reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution.

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

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

INFORMATION PARTED BY (GENERAL DETAILS)

Name :	Mr. Jaspal
Designation :	Office Executive
Contact No.:	91-9854054827
Date :	18.06.2012

LOCATIONS

Registered Office :	1711 S.P. Mukherjee Margdelhi – 6, Delhi – 110006, India
Tel. No.:	Not Available
Mobile No.:	91-9854054827 (Mr. Jaspal)
Fax No.:	Not Available
E-Mail :	jaspal.singh@dsgroup.com companysecretary@dsgroup.in
Website :	http://www.dsgroup.com
Location :	Owned

Factory :	Bonda Industrial Area, Dag No. 224, Patta No. 22, Birkuchi, P.O – Narengi, Guwahati - 781026, Assam, India
Tel. No.:	91-361-2643444/2643595
Fax No.:	91-361-2463377

Corporate Office:	A-85/86, Sector -2, Noida – 201301, Uttar Pradesh, India
Tel. No.:	91-120-4032200
Fax No.:	91-120-2536850

Project Office:	B-27A, Sector – 3, Noida – 201301, Uttar Pradesh, India
Tel. No.:	91-120-4674200
Fax No.:	91-120-4674249/4674266

DIRECTORS

As on 29.09.2011

Name :

Mr. Nalin Bhandari

Designation :

Director

Address :

7B/E 15 Shatabadi Vihar, Sector 61, Noida – 201301, Uttar Pradesh, India

Date of Birth/Age :

21.08.1960

Date of Appointment :

24.02.2006

DIN No.:

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	U45201DL2005PTC136856	SPIRITUAL ESTATES PRIVATE LIMITED	Director	30/05/2005	30/05/2005	-	Active	NO
2	U45201DL2005PTC136857	ABHAAS CONSTRUCTION PRIVATE LIMITED	Director	30/05/2005	30/05/2005	-	Active	NO
3	U45201DL2005PTC136858	DHRADH DEVELOPERS PRIVATE LIMITED	Director	30/05/2005	30/05/2005	-	Active	NO
4	U45201DL2005PTC138376	ABHIJAY DEVELOPERS PRIVATE LIMITED.	Director	6/07/2005	6/07/2005	-	Active	NO
5	U45201DL2005PTC142934	BHAUMIK SHELTERS PRIVATE LIMITED	Director	24/11/2005	24/11/2005	-	Active	NO
6	U70101DL2006PTC146704	NILAY DWELLERS PRIVATE LIMITED	Director	22/02/2006	22/02/2006	-	Strike off	NO
7	U70101DL2006PTC146684	AVICHAL INFRASTRUCTURE PRIVATE LIMITED	Director	22/02/2006	22/02/2006	-	Active	NO
8	U70101DL2006PTC146777	AVICHAL BUILDCON PRIVATE LIMITED	Director	24/02/2006	24/02/2006	-	Active	NO
9	U70101DL2006PTC146854	ABHISAR BUILDWELL PRIVATE LIMITED	Director	27/02/2006	27/02/2006	-	Active	NO
10	U70109DL2007PTC157649	ASA ESTATES PRIVATE LIMITED	Director	10/01/2007	10/01/2007	-	Strike off	NO
11	U45200DL2007PTC157770	ABIBA ESTATES AND DEVELOPERS PRIVATE LIMITED	Director	11/01/2007	11/01/2007	-	Strike off	NO
12	U45200DL2007PTC157876	RAMONA ESTATES PRIVATE LIMITED	Director	15/01/2007	15/01/2007	-	Strike off	NO
13	U45200DL2007PTC158277	GATIK INFRATECH PRIVATE LIMITED	Director	23/01/2007	23/01/2007	-	Active	NO
14	U26940ML2007PTC008262	NILANCHAAL CEMENT PRIVATE LIMITED	Director	24/09/2008	1/12/2007	-	Active	NO
15	U00500DL2005PTC140832	SANKALP INFRASTRUCTURE PRIVATE LIMITED	Director	11/02/2009	11/02/2009	-	Active	NO
16	U01119DL2007PTC158135	DS GREEN AGROTECH PRIVATE LIMITED	Director	29/09/2009	31/03/2009	-	Active	NO
17	U01122DL2006PTC144969	DS AGRI ESTATES PRIVATE LIMITED	Director	23/09/2009	31/03/2009	-	Active	NO
18	U74899DL2005PTC142931	DS REALETORS PRIVATE LIMITED	Director	29/09/2009	31/03/2009	-	Active	NO

Name :

Mr. Bharat Singh Negi

Designation :

Director

Address :

A 7/413 Ganesh Nagar – II, Shakarpur, New Delhi – 110092, India

Date of Birth/Age :

17.10.1947

Date of Appointment :

24.02.2006

DIN No.:

00035717

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	U45201DL2005PTC136857	ABHAAS CONSTRUCTION PRIVATE LIMITED	Director	30/05/2005	30/05/2005	-	Active	NO
2	U45201DL2005PTC138376	ABHIJAY DEVELOPERS PRIVATE LIMITED.	Director	6/07/2005	6/07/2005	-	Active	NO
3	U74899DL2005PTC142962	SANDARBH BUILDCON PRIVATE LIMITED	Director	24/11/2005	24/11/2005	-	Active	NO
4	U70101DL2006PTC146704	NILAY DWELLERS PRIVATE LIMITED	Director	22/02/2006	22/02/2006	-	Strike off	NO
5	U70101DL2006PTC146684	AVICHAL INFRASTRUCTURE PRIVATE LIMITED	Director	22/02/2006	22/02/2006	-	Active	NO
6	U70101DL2006PTC146777	AVICHAL BUILDCON PRIVATE LIMITED	Director	24/02/2006	24/02/2006	-	Active	NO
7	U70101DL2006PTC146854	ABHISAR BUILDWELL PRIVATE LIMITED	Director	27/02/2006	27/02/2006	-	Active	NO
8	U45201DL2005PTC136856	SPIRITUAL ESTATES PRIVATE LIMITED	Director	30/05/2006	30/05/2006	-	Active	NO
9	U45201DL2005PTC136858	DHRADH DEVELOPERS PRIVATE LIMITED	Director	30/05/2006	30/05/2006	-	Active	NO
10	U70109DL2007PTC157649	ASA ESTATES PRIVATE LIMITED	Director	10/01/2007	10/01/2007	-	Strike off	NO
11	U45200DL2007PTC157770	ABIBA ESTATES AND DEVELOPERS PRIVATE LIMITED	Director	11/01/2007	11/01/2007	-	Strike off	NO
12	U45200DL2007PTC157876	RAMONA ESTATES PRIVATE LIMITED	Director	15/01/2007	15/01/2007	-	Strike off	NO
13	U45200DL2007PTC158277	GATIK INFRATECH PRIVATE LIMITED	Director	23/01/2007	23/01/2007	-	Active	NO
14	U26940ML2007PTC008262	NILANCHAAL CEMENT PRIVATE LIMITED	Director	24/09/2008	1/12/2007	-	Active	NO
15	U63040RJ1995PTC010264	BLUE WINGS TOURS AND TRAVELS PVT LTD	Director	8/08/2009	30/03/2009	30/09/2009	Active	NO
16	U74899DL1978PTC008971	DEE PEE KAGAJ UDYOG PRIVATE LIMITED	Director	29/09/2009	30/03/2009	-	Active	NO
17	U55101RJ1998PLC014779	J.R. RECREATION CLUBS AND RESORTS LIMITED	Director	8/08/2009	30/03/2009	-	Active	NO
18	U01119DL2007PTC158135	DS GREEN AGROTECH PRIVATE LIMITED	Director	29/09/2009	31/03/2009	-	Active	NO
19	U01122DL2006PTC144969	DS AGRI ESTATES PRIVATE LIMITED	Director	23/09/2009	31/03/2009	-	Active	NO
20	U45201DL2005PTC138345	YUKTI CONSTRUCTION PRIVATE LIMITED.	Director	11/09/2009	31/03/2009	-	Active	NO
21	U55101DL2010PTC204042	SINDHUDURG HOSPITALITY PRIVATE LIMITED	Director	14/06/2010	14/06/2010	21/01/2011	Active	NO
22	U55101DL2010PTC204201	SINDHUDURG GOA HOSPITALITY PRIVATE LIMITED	Director	16/06/2010	16/06/2010	21/01/2011	Active	NO
23	U10100ML2007PTC008292	DIVYANSH MINING DEVELOPERS PRIVATE LIMITED	Director	24/09/2011	19/11/2010	-	Active	NO

Name :

Mr. Sandeep Bajaj

Designation :

Director

Address :

C – 582, 1^st Floor, New Friends Colony, New Delhi – 110065, India

Date of Birth/Age :

15.05.1968

Date of Appointment :

01.08.2008

DIN No.:

0058334

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	U55101DL1998PTC096453	PLAYWAY RESORTS PRIVATE LIMITED	Director	10/05/2001	10/05/2001	-	Active	NO
2	U51109DL1999PTC098930	SUPER GROWTH TRADERS PRIVATE LIMITED	Director	26/03/2002	26/03/2002	1/10/2006	Active	NO
3	U29299DL2002PTC115772	AKSS ENGINEERS PRIVATE LIMITED	Director	13/06/2002	13/06/2002	-	Active	NO
4	U51221DL2002PTC116299	JUPITER EXIM PRIVATE LIMITED	Director	23/07/2002	23/07/2002	-	Active	NO
5	U21022DL2003PTC119318	JUPITER LAMINATORS PRIVATE LIMITED	Director	7/03/2003	7/03/2003	-	Active	NO
6	U45201DL2005PTC136241	SIGNATURE BUILD-WELL PRIVATE LIMITED	Director	13/05/2005	13/05/2005	-	Active	NO
7	U29199DL2003PTC121437	PIONEER CONVERTING AND ALLIED MACHINERY PRIVATE LIMITED	Director	20/11/2006	20/11/2006	-	Active	NO
8	U74140DL1995PTC186071	TYFORT SALES PROMOTION PVT.LTD.	Director	10/08/2008	22/12/2007	-	Active	NO
9	U70101DL2006PTC146777	AVICHAL BUILDCON PRIVATE LIMITED	Whole-time director	1/08/2011	1/08/2008	-	Active	NO
10	U51909WB1995PTC071874	SIGNET VYAPAAR PRIVATE LIMITED	Director	5/04/2010	5/04/2010	-	Active	NO

Name :

Mr. Bhuvnesh Gupta

Designation :

Director

Address :

F – 5/1 Ram Kishore Road, Civil Lines, New Delhi – 110054, India

Date of Birth/Age :

18.04.1968

Date of Appointment :

29.09.2011

DIN No.:

00083875

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	U24229AS2004PLC007389	G J FRAGRANCE AND AROMATICS LIMITED	Director	13/04/2004	13/04/2004	-	Active	NO
2	U45201DL2005PTC142932	TANISHQ ESTATES PRIVATE LIMITED	Director	6/02/2006	6/02/2006	-	Active	NO
3	U45200DL2006PTC155391	VIHAAN AGRIESTATES PRIVATE LIMITED	Director	12/09/2011	12/01/2011	-	Active	NO
4	U45201DL2005PTC136855	SPIRITUAL DWELLERS PRIVATE LIMITED	Director	14/09/2011	21/01/2011	-	Active	NO
5	U45201DL2005PTC138798	MANAS DWELLERS PRIVATE LIMITED	Director	14/09/2011	21/01/2011	-	Active	NO
6	U45201DL2005PTC142934	BHAUMIK SHELTERS PRIVATE LIMITED	Director	19/09/2011	21/01/2011	-	Active	NO
7	U70101DL2006PTC146706	NILAY INFRASTUCTURE PRIVATE LIMITED	Director	19/09/2011	21/01/2011	-	Active	NO
8	U45201DL2005PTC132742	VINTAGE BUILDERS PRIVATE LIMITED	Director	19/09/2011	21/01/2011	-	Active	NO
9	U45201DL2005PTC132741	HANS BUILDCON PRIVATE LIMITED	Director	19/09/2011	21/01/2011	-	Active	NO
10	U70109DL2006PTC154203	VIPRA REALTORS PRIVATE LIMITED	Director	29/09/2011	24/01/2011	-	Active	NO
11	U80301DL2005PTC133729	R D EDUCATIONAL INSTITUTES PRIVATE LIMITED	Director	12/09/2011	24/01/2011	-	Active	NO
12	U45201DL2005PTC132744	LORD KRISHNA DWELLERS PRIVATE LIMITED	Director	12/09/2011	24/01/2011	-	Active	NO
13	U45201DL2005PTC132749	BEST DWELLERS PRIVATE LIMITED	Director	12/09/2011	24/01/2011	-	Active	NO
14	U52100DL2011PLC216226	DS LUXURY RETAIL LIMITED	Director	21/03/2011	21/03/2011	-	Active	NO
15	U70101DL2006PTC146777	AVICHAL BUILDCON PRIVATE LIMITED	Director	29/09/2011	25/05/2011	-	Active	NO
16	U52100DL2011PLC220344	DS LUXURY COUTURE LIMITED	Director	3/06/2011	3/06/2011	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Phalswal Parvinder
Designation :	Company Secretary
Address :	CN 17, VPO Ghumanhera, New Delhi – 110073, India
Date of Birth/Age :	01.04.1984
Date of Appointment :	15.02.2010

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2011

Names of Shareholders		No. of Shares
Bharat Singh Negi		01
Dharmpal Satyapal Limited, India		15869380

Total		15869381

Equity Share Break up (Percentage of Total Equity)

As on 29.09.2011

Category	Percentage
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Flexible Packaging.

Terms :
Selling :	Cash and Credit

Purchasing :	Cash and Credit

PRODUCTION STATUS (As on 31.03.2010)

Particulars	Unit	Installed Capacity
Printed / Unprinted Laminates	MT	3600 Per Annuam*

Note: *Certified by management but not verified by the auditors, being technical matter. Capacity mentioned above is on the basis of triple shift basis.

Particulars	Unit	Actual Production
Printed / Unprinted Laminates	Kg	1,063,854

GENERAL INFORMATION

Customers :

Wholesalers and Retailers

No. of Employees :

(100 Approximately)

Bankers :

· IDBI Bank, Ballard Estate, Mumbai, Maharashtra, India

· State Bank of India, Chandni Chowk, Delhi – 110006, India

Facilities :

(Rs. in Millions)

Secured Loan	As on 31.03.2011	As on 31.03.2010
Working capital loans banks secured	(A) 39.059	(B) 37.628
Total	39.059	37.628
Note: Note: (A) first charge on all current Assets of the Company and Collateral Security by way of Equitable Mortgage of the Factory Land and Building of the Holding Company located at B-25 and 26 Sec.3 Noida and the Property in the name of m/S Kailash Dewellers (Private) Limited. Located at 27A, Sector-3,Noida on Pari Passu Basis and Extension of Charge on the fixed Assets of the Companyon pari passu basis. The loan is further Secured by Personal Guarantee of the director of Holding Company and the Corporate guarantee by the Holding Company. (B) first charge on all current Assets of the Company and Collateral Security by way of Equitable Mortgage of the Factory Land and Building of the Holding Company located at B-25 and 26 Sec.3 Noida and the Property in the name of m/S Kailash Dewellers (Private) Limited.. Located at 27A, Sector-3,Noida on Pari Passu Basis and Extension of Charge on the fixed Assets of the Companyon pari passu basis. The loan is further Secured by Personal Guarantee of the director of Holding Company and the Corporate guarantee by the Holding Company


Banking Relations :	--

Financial Institution:	IDBI Trusteeship Services Limited, Asian Building, Ground Floor, 17, R. Kamani Marg, Ballard Estate, Mumbai – 400001, Maharashtra, India

Auditors :
Name :	Jain Singhal and Associates Chartered Accountants
Address :	M-6, IInd Floor, M-Block Market. G.K-II, New Delhi-110048, India
PAN.:	AAAFJ1918Q

Related Party:	Dharmpal Satyapal Limited, India (CIN: U52110DL1989PLC038613)

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount

16000000	Equity Shares	Rs.10/- each	Rs.160.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

15869381	Equity Shares	Rs.10/- each	Rs.158.694 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		158.694	158.694	131.139
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		475.612	475.612	393.012
4] (Accumulated Losses)		(218.280)	(189.451)	(153.626)
NETWORTH		416.026	444.855	370.525
LOAN FUNDS
1] Secured Loans		39.059	37.628	39.850
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		39.059	37.628	39.850
DEFERRED TAX LIABILITIES		3.785	6.190	6.401

TOTAL		458.870	488.673	416.776

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		290.789	326.050	367.003
Capital work-in-progress		119.134	130.491	47.947

INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	21.383	30.350	41.675
	Sundry Debtors	19.240	66.352	55.177
	Cash & Bank Balances	11.139	0.174	0.541
	Other Current Assets	1.097	1.086	1.023
	Loans & Advances	53.316	25.708	12.232
Total Current Assets		106.175	123.670	110.648
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	36.268	22.335	35.969
	Other Current Liabilities	19.956	68.659	72.633
	Provisions	1.004	0.544	0.220
Total Current Liabilities		57.228	91.538	108.822
Net Current Assets		48.947	32.132	1.826

MISCELLANEOUS EXPENSES		0.000	0.000	0.000


TOTAL		458.870	488.673	416.776

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	205.451	206.946	216.399
		Other Income	10.811	10.784	10.532
		TOTAL (A)	216.262	217.730	226.931

Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL (B)	201.246	205.628	225.602

Less	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		15.016	12.102	1.329

Less	FINANCIAL EXPENSES (D)		5.360	3.594	2.141

	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		9.656	8.508	(0.812)

Less/ Add	DEPRECIATION/ AMORTISATION (F)		39.436	44.544	51.013

	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		(29.780)	(36.036)	(51.825)

Less	TAX (I)		(0.951)	(0.211)	2.442

	PROFIT/(LOSS) AFTER TAX (G-I) (J)		(28.829)	(35.825)	(54.267)

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(189.451)	(153.626)	(99.359)

	BALANCE CARRIED TO THE B/S		(218.280)	(189.451)	(153.626)

	IMPORTS
		Capital Goods/Spares	NA	2.548	0.817
	TOTAL IMPORTS		NA	2.548	0.817

	Earnings/Loss Per Share (Rs.)		(1.82)	(2.26)	(4.14)

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	13.08	16.45	23.91

Net Profit Margin (PBT/Sales)	(%)	14.49	17.41	23.95

Return on Total Assets (PBT/Total Assets}	(%)	28.05	29.14	46.84

Return on Investment (ROI) (PBT/Networth)		0.07	0.08	0.14

Debt Equity Ratio (Total Liability/Networth)		0.14	0.21	0.14

Current Ratio (Current Asset/Current Liability)		1.86	1.35	1.02

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	No
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	No
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)	No
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

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U70101DL2006PTC146777
Name of the company	AVICHAL BUILDCON PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	1711 S.P. Mukherjee Margdelhi – 6, Delhi – 110006, India Email: companysecretary@dsgroup.in
This form is for	Creation of charge
Type of charge	Immovable property Movable property (not being pledge)
CIN, in case charge holder or ARC or assignee is a company	U65991MH2001GOI131154
Particular of charge holder	IDBI Trusteeship Services Limited, Asian Building, Ground Floor, 17, R. Kamani Marg, Ballard Estate, Mumbai – 400001, Maharashtra, India Email: itsl@idbitrustee.co.in
Nature of instrument creating charge	1. Memorandum of Entry(MOE)- Equitable Charge on the Immovable Properties of the company, i.e Land at 22, bonda, guwahati, Assam, Building and Plant and machinery (WIP) as per attached Schedule to this form 8, and First Schedule and Second Schedule attached to MOE. 2. Memorandum of Hypothecation (MOH)-charge on movable properties of the company, as per attached Schedule II to MOH.
Date of instrument Creating the charge	28.06.2011
Amount secured by the charge	Rs.500.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Rate of Interest 11.15% P.A. payable quarterly. Terms of Repayment Redemption at par in three equal and annual installment at the end of 31/12/2015, 31/12/2016 and 31/12/2007. Margin N.A. Extent and Operation of the charge Equitable Charge on the Immovable Properties of the company, i.e Land at 22, Bonda, Guwahati, Assam, Building and Plant and machinery (WIP) as per attached Schedule,and First Schedule and Second Schedule attached to MOE, and Hypothecation on movable properties of the company, as per attached Schedule II to MOH, in favour of IDBI Trusteeship services Limited for the purpose of and to the extent of securing Rupees Fifty Crore Only paid by Life Insurance Corporation of India to Dharampal Satyapal Limited.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Equitable Charge on Land covered by Dag No. 192 of Patta No. 25 Village Bonda under Mouza-Beltola, Dist-Kamrup, Guwahati, Assam, measuring 74160 Sq. Ft. Equitable Charge on Building and Plant and machinery (WIP). Hypothecation on movable assets, all present and future, located any where in India of the company as per the Schedule II to MOH.

Fixed Assets

· Land Freehold

· Building

· Plant and Machinery

· Office Equipment

· Furniture and Fixture

· Vehicle

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.56.01
UK Pound	1	Rs.87.85
Euro	1	Rs.70.54

INFORMATION DETAILS

Information Gathered by :	PJA

Report Prepared by :	KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		27

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.

MIRA INFORM REPORT

21.383

19.240

11.139

1.097

53.316

106.175

36.268

19.956

1.004

57.228

48.947

13.08

14.49

28.05

0.07

0.14

1.86

Unit