MIRA INFORM REPORT

Report Date :

27.06.2012

IDENTIFICATION DETAILS

Name :	DIGITAL MICRON ROTO PRINT PRIVATE LIMITED
Registered Office :	Rajguru Complex, 1 Khajuri Bazar, 208 M G Road, Indore, Madhya Pradesh
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	05.10.2005
Com. Reg. No.:	10-018001
Capital Investment / Paid-up Capital :	Rs.5.558 Millions
CIN No.: [Company Identification No.]	U00202MP2005PTC018001
TAN No.: [Tax Deduction & Collection Account No.]	BPLD02595F
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Supplier of Flexible Packaging Materials.
No. of Employees :	46 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (36)

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

Maximum Credit Limit :	USD 110000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track. There appear some accumulated losses in the records of the company. However, trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. 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	A1	A1

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

INFORMATION PARTED BY

Name :	Mr. Ajmera
Designation :	Accountant
Contact No.:	91-9229369727
Date :	18.06.2012

LOCATIONS

Registered/ Admin. Office :	Rajguru Complex, 1 Khajuri Bazar, 208 M G Road, Indore, Madhya Pradesh, India
Tel. No.:	91-731-4099220/ 4088330/ 4077550/ 2533384
Mobile No.:	91-9827025202 (Mr. Rajesh) 91-9200000866 (Mr. Chandra Shekar) 91-9229369727 (Mr. Ajmera)
Fax No.:	91-731-4099220
E-Mail :	accounts@dmrp.in itreturnjam@gmail.com info@dm-rotoprint.com
Website :	http://www.dmrp.in http://www.dm-rotoprint.com
Location :	Owned
Factory :	11-B, Kheda Industrial Area, Growth Centre, Pithampur District Dhar, Madhya Pradesh, India
Tel No.:	91-731-4088770

DIRECTORS

(AS ON 30.09.2011)

Name :	Mr. Ashok Kumar Ramrakhiya
Designation :	Director
Address :	3A, Jhavery Colony, Manik Bagh Road, Indore – 452001, Madhya Pradesh, India
Date of Birth/Age :	12.10.1959
Date of Appointment :	05.10.2005
DIN No.:	01179241
Name :	Mr. Chandra Shekhar Ramrakhiya
Designation :	Director
Address :	3-B, Jhavery Colony, Manik Bagh Road, Indore – 452001, Madhya Pradesh, India
Date of Birth/Age :	26.03.1963
Date of Appointment :	05.10.2005
DIN No.:	01179306
Name :	Mr. Rajesh Kumar Ramrakhiya
Designation :	Director
Address :	3-C, Jhavery Colony, Manik Bagh Road, Indore – 452001, Madhya Pradesh, India
Date of Birth/Age :	17.02.1965
Date of Appointment :	05.10.2005
DIN No.:	01179356

KEY EXECUTIVES

Name :	Mr. Ajmera
Designation :	Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 30.09.2011)

Names of Shareholders	No. of Shares
Chandra Shekhar Ramrakhiya	109013
Ashok Kumar Ramrakhiya	64794
Rajesh Kumar Ramrakhiya	55833
Puranmal Drablani	20000
Vidhya Verma	8000
Prithi Awasthi	4000
Disha Shivlani	11300
Rajesh Awasthi	2000
Harsha Shivlani	6000
Jeetu Raj	7500
Kavita Raj Shivlani	4000
Kiran Shivlani	12100

(AS ON 30.09.2011)

Equity Shares Break – up

Category	Percentage
Bodies corporate	30.25
Directors or relatives of directors	45.13
Other top fifty shareholders	24.62
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Supplier of Flexible Packaging Materials.
Terms :
Selling :	Credit (10 to 30 days)
Purchasing :	Credit (45 to 60 days)

PRODUCTION STATUS (AS ON 31.03.2011)

Licensed and Installed Capacity of 2000 Ton

Particulars	Unit	Actual Production
Printed Pouch	In Kg	302380 KG
Printed Pouch	In Nos.	79312490

GENERAL INFORMATION

Suppliers :

· Uflex Limited

Customers :

Manufacturer

· Akash Namkin Private Limited

No. of Employees :

46 (Approximately)

Bankers :

· State Bank of India

Small Enterprises City Credit Centre, 2^nd Floor, Regional Office Premises, Near GPO, Indore – 452001, Madhya Pradesh, India

· The Kapol Co-operative Bank Limited

Samruddhu Bunglow, Plot No.127, Ground Floor, Vallabhabhain Road, Vile Parle (West), Mumbai – 400056, Maharahstra, India

Facilities :

Secured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)
State Bank of India (CC)	15.548	20.696
State Bank of India (Term Loan)	27.737	31.114
(Term loan is secured by way of first mortgage on all immovable properties of the company both present and future and a first charge by way of hypothecation of all movable properties of the company both present and future)
Total	43.285	51.810
Unsecured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)
From Directors and relative	2.879	3.007
From Shareholders	7.686	7.202
Inter Corporate Deposit	1.000	0.000
(As per terms of the lending Institution)
Total	11.665	10.209

Banking Relations :	--
Auditors :
Name :	J. A. M. and Associates Chartered Accountant
Address :	UG-11, Silver Mall, Block – A, 8-A, RNT Marg, Indore – 452001, Madhya Pradesh, India
PAN No.:	AACFJ7616F
Associates/Subsidiaries :	· Pick and Pause

CAPITAL STRUCTURE

(AS ON 30.09.2011)

Authorised Capital :

No. of Shares	Type	Value	Amount
600000	Equity Shares	Rs.10/- each	Rs.6.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
555840	Equity Shares	Rs.10/- each	Rs.5.558 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		5.558	2.939	2.939
2] Share Application Money		0.000	12.595	0.460
3] Reserves & Surplus		23.334	11.358	11.358
4] (Accumulated Losses)		(2.501)	(4.318)	(4.837)
NETWORTH		26.391	22.574	9.920
LOAN FUNDS
1] Secured Loans		43.285	51.810	52.140
2] Unsecured Loans		11.665	10.209	6.481
TOTAL BORROWING		54.950	62.019	58.621
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		81.341	84.593	68.541
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		50.414	52.255	51.902
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.349	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	17.559	23.399	15.017
	Sundry Debtors	38.823	18.489	6.881
	Cash & Bank Balances	1.335	2.854	0.045
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	2.983	3.589	3.813
Total Current Assets		60.700	48.331	25.756
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	27.930	14.678	9.019
	Other Current Liabilities	1.059	0.775	0.008
	Provisions	1.181	0.612	0.186
Total Current Liabilities		30.170	16.065	9.213
Net Current Assets		30.530	32.266	16.543
MISCELLANEOUS EXPENSES		0.048	0.072	0.096
TOTAL		81.341	84.593	68.541

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		TOTAL	128.444	55.921	14.720
Less	EXPENSES
		TOTAL	124.292	52.998	18.418
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		4.152	2.923	(3.698)
Less/ Add	DEPRECIATION/ AMORTISATION		2.475	2.403	1.111
	PROFIT BEFORE TAX		1.677	0.520	(4.809)
Less	TAX		(0.139)	0.000	0.028
	PROFIT AFTER TAX		1.816	0.520	(4.837)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(4.317)	(4.837)	0.000
	BALANCE CARRIED TO THE B/S		(2.501)	(4.317)	(4.837)
	Earnings Per Share (Rs.)		3.26	1.77

Particulars	31.03.2012
Sales Turnover (Approximately)	150.000

Expected Sales (2012-13): Rs.200.000 Millions

The above information has been parted by Mr. Ajmera

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	1.41	0.93	(32.86)
Return on Total Assets (PBT/Total Assets}	(%)	1.51	0.52	(6.19)
Return on Investment (ROI) (PBT/Networth)		0.06	0.02	0.48
Debt Equity Ratio (Total Liability/Networth)		3.23	3.46	6.84
Current Ratio (Current Asset/Current Liability)		2.01	3.01	2.80

LOCAL AGENCY FURTHER INFORMATION

Check list by info Agents	Available in Report (Yes/ No)
Year of Establishment	Yes
Locality of the Firm	Yes
Constitution of the Firm	Yes
Premises details	No
Type of Business	Yes
Line of Business	Yes
Promoter’s Background	Yes
No. of Employees	Yes
Name of Person Contacted	Yes
Designation of Contact person	Yes
Turnover of Firm for last three years	Yes
Profitability for last three years	Yes
Reasons for variation <> 20%	-----
Estimation for coming financial year	Yes
Capital in the business	Yes
Details of sister concerns	Yes
Major Suppliers	Yes
Major Customers	Yes
Payments Terms	Yes
Export/ Imports Details (If applicable)	No
Market Information	-----
Litigations that the firm/ Promoters Involved in	-----
Banking details	Yes
Banking Facility Details	Yes
Conduct of the Banking Account	-----
Buyer visit details	-----
Financials, if provided	Yes
Incorporation details is applicable	Yes
Last Accounts filed at ROC	Yes
Major Shareholders, if available	Yes

TRADE REFERENCE:

· Uflex Limited

· Akash Namkin Private Limited

FORM 8:

This form is for	Modification of charge
Charge identification number of the modified	10036692
Corporate identity number of the company	U00202MP2005PTC018001
Name of the company	DIGITAL MICRON ROTO PRINT PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	Raiguru Complex, 1, Khajuribazar, 208, M. G. Road, Indore, Madhya Pradesh, India info@dm-rotoprint.com
Type of charge	Immovable Property Book Debts Movable Property
Particular of charge holder	State Bank of India SME Branch Premises, AIMO Building Complex, Pologround, Indore – 452001, Madhya Pradesh, India sumit.1801@gmail.com
Nature of description of the instrument creating or modifying the charge	SME-1 Letter of arrangement, SME-4 Supplemental agreement of loan cum hypothecation
Date of instrument Creating the charge	06/07/2009
Amount secured by the charge	Rs.67.300 Millions
Brief particulars of the principal terms and conditions and extent and operation of the charge	Rate of Interest Fund Based Working Capital-1.5% above SBAR (SBAR=12.25%) present effective rate 13.75% with monthly rest. existing term loan-0.25% above SBAR (SBAR=12.25%) present effective rate 12.50% with monthly rest Terms of Repayment Cash Credit Repayable on Demand Term Loan- Repayable in 28 quarterly installment as per SME- 1 Dated 21/04/2009 Margin 25% On Raw Material 40% On Semi Finished Goods/Stock in Process 30% On Finished Goods 40% On Receivables 25% On Letter of Credit Extent and Operation of the charge Hypothecation of stocks of raw material, stock in process, finished goods, book debts. Other current assets including machinery stores and spares, consumables, goods in transit and/or stores/lying at the factory premises or at any other place as may be approved by the bank from time to time including outstanding moneys, book debts and receivables etc. First charge on the entire fixed assets (factory land, building, plant and machinery) of the company Located at 11-B, Kheda Industrial Area Pithampur Others Total Limit of Rs.67.300 Millions (Working Capital Facilities of Rs.25.000 Millions, Term Loan of Rs.32.300 Millions LC Limit of Rs.10.000 Millions.
Short particulars of the property charged	Hypothecation of stocks of raw material, stock in process, finished goods, book debts. Other current assets including machinery stores 7 spares, consumables lying at the factory premises Hypothecation over outstanding moneys, book debts and receivables etc. of the company First charge on the entire fixed assets (factory land, building, plant and machinery) of the company located at 11-B, Kheda Industrial Area Pithampur
Date of latest modification prior to the present modification	07/02/2007
Particulars of the present modification	CC Hypothecation cum book debts limit Rs. 25.000 Millions Term Loan Outstanding Rs.32.300 Millions Total Fund Based Rs.57.300 Millions LC Limit Non Fund Based Rs.10.000 Millions Grand Total Rs.67.300 Millions

FIXED ASSETS:

· Land

· Site Development

· Factory Building

· Computer

· Office Equipment

· Plant and Machinery

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.56.53
UK Pound	1	Rs.88.09
Euro	1	Rs.70.83

INFORMATION DETAILS

Information Gathered by :	SBA
Report Prepared by :	NIT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--RESERVES	1~10	4
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		36

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.