MIRA INFORM REPORT

Report Date :

22.03.2012

IDENTIFICATION DETAILS

Name :	SREE NARASIMHA TEXTILES PRIVATE LIMITED
Registered Office :	Post Box No.2, Sulur, Coimbatore – 641402, Tamilnadu
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	10.02.1976
Com. Reg. No.:	181-755
Capital Investment / Paid-up Capital :	Rs.1.726 Millions
CIN No.: [Company Identification No.]	U17111TZ1976PTC000755
TAN No.: [Tax Deduction & Collection Account No.]	CMBS03148F
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturers of Cotton Yarn.
No. of Employees:	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

A (68)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 6135604
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established and reputed company having fine track. Financial position of the company appears to be sound. Fundamentals are strong and healthy. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments. The company can be considered good 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 :	Post Box No.2, Sulur, Coimbatore – 641402, Tamilnadu, India
Tel. No.:	91-422-2687227/ 2687459
Fax No.:	91-422-2688342
E-Mail :	snteou@vsnl.com mail@premiermills.com cbt_snteou@sancharnet.in

DIRECTORS

AS ON 12.09.2011

Name :	Mr. Karadibhavi Lkshminarasimhalu Varadarajan
Designation :	Chairman
Address :	# 9 VP Naidu Street, Avanashi Road, Coimbatore – 641018, Tamilnadu, India
Date of Birth/Age :	16.08.1932
Date of Appointment :	10.02.1976

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U17111TZ1976PTC000755	SREE NARASIMHA TEXTILES PRIVATE LIMITED	Director	10/02/1976	10/02/1976	-	Active	NO
2	U02919TZ1985PTC001672	ESVEE CONSULTANTS AND ENGINEERS PRIVATE LIMITED	Director	09/01/1996	09/01/1996	-	Active	NO
3	U72200TZ1998PTC008616	NUVA SYSTEMS PRIVATE LIMITED	Director	12/04/2000	12/04/2000	-	Active	NO
4	U70101TZ2002PTC010117	SREE NARASIMHA HOLDINGS PRIVATE LIMITED	Director	26/03/2002	26/03/2002	-	Active	NO
5	U65993TZ2002PTC010400	LAKSHMI NARASIMHA HOLDINGS PRIVATE LIMITED	Director	16/12/2002	16/12/2002	-	Active	NO
6	U65993TZ2002PTC010415	SNT HOLDINGS PRIVATE LIMITED	Director	26/12/2002	26/12/2002	-	Active	NO
7	U65993TZ2002PTC010416	KARADIVAVI HOLDINGS PRIVATE LIMITED	Director	26/12/2002	26/12/2002	-	Active	NO
8	U07010TZ2003PTC010647	LAKSHMI NARASIMHA HOLDINGS (COIMBATORE) PRIVATE LIMITED	Director	25/06/2003	25/06/2003	-	Active	NO
9	U17111TZ2004PTC011073	LAKSHMI NARASIMHA TEXTILES PRIVATE LIMITED	Director	01/04/2004	01/04/2004	-	Active	NO

Name :	Mr. Karadibhavi Varadarajan Srinivasan
Designation :	Managing Director
Address :	# 3 VP Naidu Street, Avanashi Road, Coimbatore – 641018, Tamilnadu, India
Date of Birth/Age :	13.03.1961
Date of Appointment :	07.06.1991

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U02919TZ1985PTC001672	ESVEE CONSULTANTS AND ENGINEERS PRIVATE LIMITED	Director	27/09/1985	27/09/1985	-	Active	NO
2	U02520TZ1981PTC001107	PREMIER EVOLVICS PRIVATE LIMITED	Director	01/07/1989	01/07/1989	-	Active	NO
3	U17111TZ1976PTC000755	SREE NARASIMHA TEXTILES PRIVATE LIMITED	Managing director	07/06/1991	07/06/1991	-	Active	NO
4	U17111TZ1945PTC000146	PREMIER SPG AND WVG MILLS PRIVATE LIMITED	Director	07/09/1991	07/09/1991	-	Active	NO
5	U63040TZ1978PTC000813	HOLIDAY TRAVELS PRIVATE LIMITED	Director	29/09/1992	29/09/1992	-	Active	NO
6	U17111TZ1994PTC005511	PREMIER MILLS PRIVATE LIMITED	Managing director	16/11/1994	16/11/1994	-	Active	NO
7	U17111TZ1995PTC005901	PREMIER FINE LINENS PRIVATE LIMITED	Managing director	01/06/2007	08/03/1995	-	Active	NO
8	U72200TZ1998PTC008616	NUVA SYSTEMS PRIVATE LIMITED	Director	12/04/2000	12/04/2000	-	Active	NO
9	U17111TZ1994PTC005512	PTL TEXTILES COIMBATORE PRIVATE LIMITED	Director	17/08/2001	17/08/2001	-	Active	NO
10	U70101TZ2002PTC010117	SREE NARASIMHA HOLDINGS PRIVATE LIMITED	Director	26/03/2002	26/03/2002	-	Active	NO
11	U65993TZ2002PTC010400	LAKSHMI NARASIMHA HOLDINGS PRIVATE LIMITED	Director	16/12/2002	16/12/2002	-	Active	NO
12	U65993TZ2002PTC010415	SNT HOLDINGS PRIVATE LIMITED	Director	26/12/2002	26/12/2002	-	Active	NO
13	U65993TZ2002PTC010416	KARADIVAVI HOLDINGS PRIVATE LIMITED	Director	26/12/2002	26/12/2002	-	Active	NO
14	U07010TZ2003PTC010636	PPL HOLDINGS PRIVATE LIMITED	Director	18/06/2003	18/06/2003	-	Active	NO
15	U07010TZ2003PTC010647	LAKSHMI NARASIMHA HOLDINGS (COIMBATORE) PRIVATE LIMITED	Director	25/06/2003	25/06/2003	-	Active	NO
16	U40108TZ2003PTC010686	PALAVOOR WIND FARMS PRIVATE LIMITED	Director	24/07/2003	24/07/2003	03/02/2009	Active	NO
17	U40108TZ2003PTC010753	PERUNGUDI WIND FARMS PRIVATE LIMITED	Director	05/09/2003	05/09/2003	-	Active	NO
18	U17120MH1967PLC013669	CONFEDERATION OF INDIAN TEXTILE INDUSTRY	Director	24/09/2003	24/09/2003	-	Active	NO
19	U70101TZ2004PTC010970	PULANKINAR HOLDINGS PRIVATE LIMITED	Director	09/02/2004	09/02/2004	-	Active	NO
20	U17111TZ2004PTC011073	LAKSHMI NARASIMHA TEXTILES PRIVATE LIMITED	Managing director	13/11/2009	01/04/2004	-	Active	NO
21	U65993TZ2004PTC011200	PACHAPALAYAM HOLDINGS PRIVATE LIMITED	Director	24/06/2004	24/06/2004	-	Active	NO
22	U18101TZ2004PTC011439	KULATHUR HOLDINGS PRIVATE LIMITED	Director	24/11/2004	24/11/2004	-	Active	NO
23	U17111TZ1987PTC001972	PRIMA PRODUCTS PRIVATE LIMITED	Director	04/08/2006	04/08/2006	-	Active	NO
24	U17111TZ2003PTC010452	COIMBATORE POLYTEX PRIVATE LIMITED	Director	04/08/2006	04/08/2006	-	Active	NO
25	U70101TZ2007PTC013415	THENNAMPALAYAM HOLDINGS PRIVATE LIMITED	Director	06/02/2007	06/02/2007	-	Active	NO
26	U70101TZ2007PTC013414	PALLADAM HOLDINGS PRIVATE LIMITED	Director	06/02/2007	06/02/2007	-	Active	NO
27	U70101TZ2007PTC013416	NEELAMBUR HOLDINGS PRIVATE LIMITED	Director	06/02/2007	06/02/2007	-	Active	NO
28	U70102TZ2007PTC013417	IRUGUR HOLDINGS PRIVATE LIMITED	Director	06/02/2007	06/02/2007	-	Active	NO
29	U91110MH1954NPL009385	THE COTTON TEXTILES EXPORT PROMOTION COUNCIL	Director	21/09/2007	21/09/2007	-	Active	NO
30	U55101TZ1995PTC006173	SUPER AIRPORT HOLDINGS (INDIA) PRIVATE LIMITED	Director	15/09/2008	23/08/2008	-	Active	N

Name :	Mr. Jampala Venkatesam Chowdhury
Designation :	Director
Address :	# 1 VP Naidu Street, Avanashi Road, Coimbatore – 641018, Tamilnadu, India
Date of Birth/Age :	29.06.1962
Date of Appointment :	27.04.1987

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U02919TZ1985PTC001672	ESVEE CONSULTANTS AND ENGINEERS PRIVATE LIMITED	Director	27/09/1985	27/09/1985	-	Active	NO
2	U17111TZ1976PTC000755	SREE NARASIMHA TEXTILES PRIVATE LIMITED	Director	27/04/1987	27/04/1987	-	Active	NO
3	U55101TZ1995PTC006173	SUPER AIRPORT HOLDINGS (INDIA) PRIVATE LIMITED	Director	10/11/1995	10/11/1995	-	Active	NO
4	U67120TZ1997PTC007914	RATHNA BHOOMI ENTERPRISES PRIVATE LIMITED	Director	16/05/1997	16/05/1997	-	Active	NO
5	U72200TZ1998PTC008616	NUVA SYSTEMS PRIVATE LIMITED	Director	12/04/2000	12/04/2000	-	Active	NO
6	U45201TZ2001PTC009960	SUPER AIRPORT INFRASTRUCTURE (INDIA) PRIVATE LIMITED	Managing director	22/11/2001	22/11/2001	-	Active	NO
7	U70101TZ2002PTC010117	SREE NARASIMHA HOLDINGS PRIVATE LIMITED	Director	26/03/2002	26/03/2002	-	Active	NO
8	U65993TZ2002PTC010400	LAKSHMI NARASIMHA HOLDINGS PRIVATE LIMITED	Director	16/12/2002	16/12/2002	-	Active	NO
9	U65993TZ2002PTC010415	SNT HOLDINGS PRIVATE LIMITED	Director	26/12/2002	26/12/2002	-	Active	NO
10	U65993TZ2002PTC010416	KARADIVAVI HOLDINGS PRIVATE LIMITED	Director	26/12/2002	26/12/2002	-	Active	NO
11	U07010TZ2003PTC010647	LAKSHMI NARASIMHA HOLDINGS (COIMBATORE) PRIVATE LIMITED	Director	25/06/2003	25/06/2003	-	Active	NO
12	U17111TZ2004PTC011073	LAKSHMI NARASIMHA TEXTILES PRIVATE LIMITED	Director	13/11/2009	01/04/2004	-	Active	NO
13	U91990TZ1939GAP000035	THE COIMBATORE COSMOPOLITAN CLUB	Director	28/09/2005	28/09/2005	23/09/2009	Active	NO
14	U45201TZ2007PTC013527	KARAIKAL INFRASTRUCTURE PRIVATE LIMITED	Managing director	15/03/2007	15/03/2007	-	Active	NO
15	U45203PY2007PTC002083	KARAIKAL AIRPORT PRIVATE LIMITED	Managing director	31/01/2012	17/08/2007	-	Active	NO
16	U62100TZ2007PTC013934	CONTI AVIATION PRIVATE LIMITED	Director	14/09/2007	14/09/2007	-	Active	NO
17	U45203TZ2007PTC013935	KILAKKARAI INFRASTRUCTURE PRIVATE LIMITED.	Managing director	15/09/2007	14/09/2007	-	Active	NO
18	U63033TZ2007PTC013941	RAMNAD AIRPORT PRIVATE LIMITED	Managing director	23/08/2008	19/09/2007	-	Active	NO
19	U74140TZ2007PTC013946	J. V. C. CORPORATE SERVICES PRIVATE LIMITED	Director	21/09/2007	21/09/2007	-	Active	NO
20	U17111TZ2007PTC014008	J V C TEXTILES PRIVATE LIMITED	Managing director	08/03/2008	01/11/2007	-	Active	NO
21	U01100TZ2008PTC014484	SUPER AGRO ENTERPRISES (INDIA) PRIVATE LIMITED	Managing director	16/05/2008	16/05/2008	-	Active	NO
22	U45203TZ2008PTC014485	J V C AIRPORT INFRASTRUCTURE PRIVATE LIMITED	Managing director	21/05/2008	21/05/2008	-	Active	NO
23	U74999TZ2008PTC014518	SUPER AIRPORT PRIVATE LIMITED	Managing director	31/01/2012	03/06/2008	-	Active	NO
24	U63033TZ2008PTC014574	SALEM AIRPORT PRIVATE LIMITED	Director	18/06/2008	18/06/2008	-	Active	NO
25	U63033TZ2008PTC014744	HOSUR AIRPORT PRIVATE LIMITED	Director	05/09/2008	05/09/2008	-	Active	NO
26	U63033TZ2008PTC014756	VELLORE AIRPORT PRIVATE LIMITED	Director	12/09/2008	12/09/2008	-	Active	NO

Name :	Mr. Shridhar Varadaraj
Designation :	Executive Director
Address :	# 9 VP Naidu Street, Avanashi Road, Coimbatore – 641018, Tamilnadu, India
Date of Birth/Age :	24.11.1969
Date of Appointment :	30.09.1994

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U02919TZ1985PTC001672	ESVEE CONSULTANTS AND ENGINEERS PRIVATE LIMITED	Director	25/06/1988	25/06/1988	-	Active	NO
2	U17111TZ1976PTC000755	SREE NARASIMHA TEXTILES PRIVATE LIMITED	Director	30/09/1994	30/09/1994	-	Active	NO
3	U02520TZ1981PTC001107	PREMIER EVOLVICS PRIVATE LIMITED	Managing director	23/08/1995	23/08/1995	-	Active	NO
4	U17111TZ1995PTC005901	PREMIER FINE LINENS PRIVATE LIMITED	Director	05/01/1996	05/01/1996	-	Active	NO
5	U72200TZ1998PTC008616	NUVA SYSTEMS PRIVATE LIMITED	Managing director	20/10/1998	20/10/1998	-	Active	NO
6	U70101TZ2002PTC010117	SREE NARASIMHA HOLDINGS PRIVATE LIMITED	Director	26/03/2002	26/03/2002	-	Active	NO
7	U65993TZ2002PTC010400	LAKSHMI NARASIMHA HOLDINGS PRIVATE LIMITED	Director	16/12/2002	16/12/2002	-	Active	NO
8	U65993TZ2002PTC010415	SNT HOLDINGS PRIVATE LIMITED	Director	26/12/2002	26/12/2002	-	Active	NO
9	U65993TZ2002PTC010416	KARADIVAVI HOLDINGS PRIVATE LIMITED	Director	26/12/2002	26/12/2002	-	Active	NO
10	U17111TZ1994PTC005511	PREMIER MILLS PRIVATE LIMITED	Director	18/06/2003	18/06/2003	-	Active	NO
11	U07010TZ2003PTC010647	LAKSHMI NARASIMHA HOLDINGS (COIMBATORE) PRIVATE LIMITED	Director	25/06/2003	25/06/2003	-	Active	NO
12	U17111TZ2004PTC011073	LAKSHMI NARASIMHA TEXTILES PRIVATE LIMITED	Director	01/04/2004	01/04/2004	-	Active	NO
13	U65993TZ2004PTC011200	PACHAPALAYAM HOLDINGS PRIVATE LIMITED	Director	24/06/2004	24/06/2004	-	Active	NO
14	U18101TZ2004PTC011439	KULATHUR HOLDINGS PRIVATE LIMITED	Director	24/11/2004	24/11/2004	-	Active	NO
15	U70101TZ2004PTC010971	P C T HOLDINGS PRIVATE LIMITED	Director	06/09/2005	06/09/2005	-	Active	NO

Name :	Mr. Ravi Sankar Lingam
Designation :	Director
Address :	Anugraha, 2 Arunachalam Road, Nawab Gardens, Kotturpuram, Chennai - 600085, Tamilnadu, India
Date of Appointment :	07.06.1991

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U17111TZ1976PTC000755	SREE NARASIMHA TEXTILES PRIVATE LIMITED	Director	07/06/1991	07/06/1991	-	Active	NO
2	U99999MH2000GOI129113	SBI LIFE INSURANCE COMPANY LIMITED	Director	05/03/2002	05/03/2002	-	Active	NO
3	U74140TN2005PTC058076	BRAHMAYYA CONSULTANTS PRIVATE LIMITED	Director	22/11/2005	22/11/2005	-	Active	NO
4	U55101TZ1995PTC006173	SUPER AIRPORT HOLDINGS (INDIA) PRIVATE LIMITED	Director	15/09/2008	23/08/2008	15/03/2010	Active	NO

Top of Form

Bottom of Form

Name :	Mr. Sivakumar Venkatachalam Ramachandran
Designation :	Director
Address :	221 A, Race Course, Coimbatore – 641018, Tamilnadu, India
Date of Birth/Age :	23.10.1948
Date of Appointment :	26.09.1992

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U17111TZ1976PTC000755	SREE NARASIMHA TEXTILES PRIVATE LIMITED	Director	26/09/1992	26/09/1992	-	Active	NO
2	U18101TZ1994PTC005140	FABTEX INDIA PRIVATE LIMITED	Managing director	07/01/2011	21/05/1998	-	Active	NO

Name :	Mr. Damotharan Rajendran
Designation :	Director
Address :	# 233 Tea Estate, Race Course, Coimbatore – 641018, Tamilnadu, India
Date of Birth/Age :	17.12.1948
Date of Appointment :	28.09.2001

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U17111TZ1945PTC000146	PREMIER SPG AND WVG MILLS PRIVATE LIMITED	Managing director	10/03/2006	27/09/1978	-	Active	NO
2	U17111TZ1994PTC005511	PREMIER MILLS PRIVATE LIMITED	Director	16/11/1994	16/11/1994	-	Active	NO
3	U17111TZ1995PTC005901	PREMIER FINE LINENS PRIVATE LIMITED	Director	08/03/1995	08/03/1995	-	Active	NO
4	U05110TZ1981PTC001026	SHEELA TRADERS PRIVATE LIMITED	Director	28/09/1998	28/09/1998	-	Active	NO
5	U65993TZ1981PTC001013	SHEELA INVESTMENTS COIMBATORE PRIVATE LIMITED	Director	28/09/1998	28/09/1998	-	Active	NO
6	U65993TZ1980PTC000921	SHEELA INVESTMENT PRIVATE LIMITED	Director	28/09/1998	28/09/1998	-	Active	NO
7	U65993TZ1992PTC003615	SAMEERA RAJENDRAN INVESTMENTS PRIVATE LIMITED	Director	28/09/1998	28/09/1998	-	Active	NO
8	U65993TZ1992PTC003616	ROHIT RAJENDRAN INVESTMENTS PRIVATE LIMITED	Director	28/09/1998	28/09/1998	-	Active	NO
9	U65993TZ1992PTC003617	COIMBATORE SAMEERA INVESTMENTS PRIVATE LIMITED	Director	28/09/1998	28/09/1998	-	Active	NO
10	U52110TZ1987PTC001973	CARE PRODUCTS PRIVATE LIMITED	Director	18/12/1998	18/12/1998	-	Active	NO
11	U29191TZ1984PTC001443	RAAVIAR ENGINEERING PRIVATE LIMITED	Director	18/12/1998	18/12/1998	-	Active	NO
12	U65993TZ1999PTC008834	PRIMERA INVESTMENTS PRIVATE LIMITED	Director	12/04/1999	12/04/1999	-	Active	NO
13	U17115TZ1984PTC001383	PREMIER TEXTURISERS PRIVATE LIMITED	Director	11/08/1999	11/08/1999	-	Active	NO
14	U17111TZ1987PTC001943	COIMBATORE HOLDINGS PRIVATE LIMITED	Director	19/08/1999	19/08/1999	-	Active	NO
15	U17111TZ1981PTC001108	PREMIER TEXTILE TRADERS PRIVATE LIMITED	Director	13/08/2001	13/08/2001	-	Active	NO
16	U17111TZ1994PTC005512	PTL TEXTILES COIMBATORE PRIVATE LIMITED	Director	17/08/2001	17/08/2001	03/02/2009	Active	NO
17	U65993TZ1983PTC001284	OTHAKKALMANDAPAM INVESTMENT AND FINANCE PRIVATE LIMITED	Director	17/09/2001	17/09/2001	-	Active	NO
18	U65993TZ1985PTC001691	BELATHUR INVESTMENTS PRIVATE LIMITED	Director	17/09/2001	17/09/2001	-	Active	NO
19	U65993TZ1985PTC001690	BAGALUR INVESTMENTS PRIVATE LIMITED	Director	17/09/2001	17/09/2001	-	Active	NO
20	U17111TZ1976PTC000755	SREE NARASIMHA TEXTILES PRIVATE LIMITED	Director	28/09/2001	28/09/2001	-	Active	NO
21	U65993TZ2002PTC010417	GLENDALE HOLDINGS PRIVATE LIMITED	Director	26/12/2002	26/12/2002	03/02/2009	Active	NO
22	U17111TZ2003PTC010611	ORION POLYFAB PRIVATE LIMITED	Director	30/05/2003	30/05/2003	03/02/2009	Active	NO
23	U70101TZ2002PTC010075	UDAMALPET HOLDINGS PRIVATE LIMITED	Director	19/06/2003	19/06/2003	-	Active	NO
24	U17111TZ2004PTC011207	RAAVIAR TEXTILES PRIVATE LIMITED	Director	25/06/2004	25/06/2004	-	Active	NO
25	U17111TZ2003PTC010452	COIMBATORE POLYTEX PRIVATE LIMITED	Director	02/08/2004	02/08/2004	-	Active	NO
26	U17111TZ1987PTC001972	PRIMA PRODUCTS PRIVATE LIMITED	Director	05/09/2005	05/09/2005	-	Active	NO
27	U70101TZ2004PTC010972	CTPL HOLDINGS PRIVATE LIMITED	Director	06/09/2005	06/09/2005	03/02/2009	Active	NO
28	L17111TZ1910PLC000093	THE LAKSHMI MILLS COMPANY LIMITED	Director	14/12/2005	14/12/2005	-	Active	NO
29	U40108TZ2003PTC010686	PALAVOOR WIND FARMS PRIVATE LIMITED	Director	19/08/2009	03/02/2009	-	Active	NO

Name :	Mrs. Shanthi Srinivasan
Designation :	Director
Address :	No.3, V Palaniswamy Naidu Street, Avanashi Road, Central Post Office, Coimbatore – 641018, Tamilnadu, India
Date of Birth/Age :	27.11.1965
Date of Appointment :	20.09.2008

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U63040TZ1978PTC000813	HOLIDAY TRAVELS PRIVATE LIMITED	Managing director	30/11/1984	30/11/1984	-	Active	NO
2	U65993TZ1980PTC000910	SHANTHI CHANDRAN INVESTMENTS PRIVATE LIMITED	Director	01/09/1986	01/09/1986	-	Active	NO
3	U65993TZ1980PTC000909	JAGADISH CHANDRAN INVESTMENTS PRIVATE LIMITED	Director	01/09/1986	01/09/1986	-	Active	NO
4	U65993TZ1981PTC001010	JAGADISH CHANDRAN INVESTMENT COIMBATORE PRIVATE LIMITED	Director	01/09/1986	01/09/1986	-	Active	NO
5	U65993TZ1980PTC000911	VIJAYALAKSHMI INVESTMENTS PRIVATE LIMITED	Director	01/09/1986	01/09/1986	-	Active	NO
6	U65993TZ1981PTC001009	VIJAYALAKSHMI INVESTMENTS COIMBATORE PRIVATE LIMITED	Director	01/09/1986	01/09/1986	-	Active	NO
7	U05110TZ1981PTC001027	VIJAYALAKSHMI ENTERPRISERS PRIVATE LIMITED	Director	01/09/1986	01/09/1986	-	Active	NO
8	U65993TZ1981PTC001008	SHANTHI CHANDRAN INVESTMENTS COIMBATORE PRIVATE LIMITED	Director	01/09/1986	01/09/1986	-	Active	NO
9	U05110TZ1981PTC001029	SHANTHI CHANDRAN ENTERPRISERS PRIVATE LIMITED	Director	01/09/1986	01/09/1986	-	Active	NO
10	U65993TZ1983PTC001285	PULANKINAR INVESTMENT AND FINANCE PRIVATE LIMITED	Director	26/08/1999	26/08/1999	-	Active	NO
11	U65993TZ2004PTC011202	POLYTRONICS HOLDINGS PRIVATE LIMITED	Director	24/06/2004	24/06/2004	-	Active	NO
12	U18101TZ2004PTC011439	KULATHUR HOLDINGS PRIVATE LIMITED	Director	24/11/2004	24/11/2004	-	Active	NO
13	U07010TZ2003PTC010636	PPL HOLDINGS PRIVATE LIMITED	Director	15/12/2004	15/12/2004	-	Active	NO
14	U17111TZ1994PTC005511	PREMIER MILLS PRIVATE LIMITED	Director	04/08/2006	04/08/2006	-	Active	NO
15	U17111TZ1995PTC005901	PREMIER FINE LINENS PRIVATE LIMITED	Managing director	01/06/2007	04/08/2006	-	Active	NO
16	U02520TZ1981PTC001107	PREMIER EVOLVICS PRIVATE LIMITED	Director	12/08/2006	12/08/2006	-	Active	NO
17	U17111TZ1976PTC000755	SREE NARASIMHA TEXTILES PRIVATE LIMITED	Director	20/09/2008	08/09/2007	-	Active	NO
18	U70101TZ2004PTC010972	CTPL HOLDINGS PRIVATE LIMITED	Director	29/09/2011	22/08/2011	-	Active	NO

Name :	Mr. Rangian Jayabal
Designation :	Director
Address :	304, Park View Apartment, 31-A, ATT Colony, Coimbatore – 641018, Tamilnadu, India
Date of Birth/Age :	19.11.1953
Date of Appointment :	24.09.2010

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U74999TZ1981PTC001106	COIMBATORE TWISTERS PRIVATE LIMITED	Director	29/04/1985	29/04/1985	-	Active	NO
2	U17111TZ1987PTC001972	PRIMA PRODUCTS PRIVATE LIMITED	Additional director	15/12/2011	11/08/1999	-	Active	NO
3	U17111TZ2003PTC010452	COIMBATORE POLYTEX PRIVATE LIMITED	Additional director	15/12/2011	01/04/2003	-	Active	NO
4	U17111TZ1976PTC000755	SREE NARASIMHA TEXTILES PRIVATE LIMITED	Director	24/09/2010	30/11/2009	-	Active	NO
5	U17111TZ1995PTC005901	PREMIER FINE LINENS PRIVATE LIMITED	Director	30/09/2010	30/11/2009	-	Active	NO
6	U17111TZ1994PTC005511	PREMIER MILLS PRIVATE LIMITED	Director	30/09/2010	30/11/2009	-	Active	NO
7	U17111TZ2004PTC011073	LAKSHMI NARASIMHA TEXTILES PRIVATE LIMITED	Director	24/09/2010	19/08/2010	-	Active	NO
8	U17111TZ1945PTC000146	PREMIER SPG AND WVG MILLS PRIVATE LIMITED	Additional director	15/12/2011	15/12/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 12.09.2011

Names of Shareholders	No. of Shares
Sarojini Varadarajan	4646
K V Srinivasan	5309
Sridhar Varadaraj	6309
Minor Varun Srinivasan By M and G Shanthi Srinivasan	1000
Total	17264

AS ON 12.09.2011

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturers of Cotton Yarn.

Products :

Production Description	ITC Code No.
Cotton Yarn	52.05

PRODUCTION STATUS (AS ON 31.03.2010)

Particulars	Unit	Installed Capacity	Actual Production
Spindles	--	57504	--
Yarn	Kgs.	--	41.79

GENERAL INFORMATION

Bankers :

Punjab National Bank, 773, Oppanakkara Street, Coimbatore – 641001, Tamilnadu, India

Facilities :

Secured loans	31.03.2011	31.03.2010
	Rs. In Millions
From Bank
Term Loan	604.820	621.950
Working Capital	106.095	56.225
(The above loans are secured by charge on land, Building, Plant and Machinery, Inventories and Book Debts)
Total	710.915	678.175
Unsecured loans	31.03.2011	31.03.2010
	Rs. In Millions
From Shareholder	1.600	1.600
From Others	0.252	0.252
Total	1.852	1.852

Banking Relations :	--
Auditors :
Name :	M S Jagannathan and Visvanathan Chartered Accountants
Address :	6 D B Road, R S Puram, Coimbatore – 641002, Tamilnadu, India
Associates : (AS ON 31.03.2010)	§ Coimbatore Polytex Private Limited § Esvee Consultant and Engineers Private Limited § Holiday Travels Private Limited § Lakshmi Narasimha Textiles Private Limited § Nuva Systems Private Limited § Premier Cotton Textiles § Premier Evolvics Private Limited § Premier Fine Linens Private Limited § Premier Mills Private Limited § Prima Products Private Limited § Premier Spg and Wvg Mills Private Limited
Subsidiaries : (AS ON 31.03.2010)	Sree Narasimha Holdings Private Limited U70101TZ2002PTC010117 Lakshmi Narasimha Holdings Private Limited U65993TZ2002PTC010400 SNT Holdings Private Limited U65993TZ2002PTC010415 Karadivavi Holdings Private Limited U65993TZ2002PTC010416 Lakshmi Narasimha Holdings (Coimbatore) Private Limited U07010TZ2003PTC010647 Lakshmi Narasimha Textiles Private Limited U17111TZ2004PTC011073

CAPITAL STRUCTURE

AS ON 12.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
30000	Equity Shares	Rs.100/- each	Rs.3.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
17264	Equity Shares	Rs.100/- each	Rs.1.726 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		1.726	1.726	1.726
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		1532.175	1263.019	1111.255
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		1533.901	1264.745	1112.981
LOAN FUNDS
1] Secured Loans		710.915	678.175	890.150
2] Unsecured Loans		1.852	1.852	1.652
TOTAL BORROWING		712.767	680.027	891.802
DEFERRED TAX LIABILITIES		190.060	217.044	197.303
TOTAL		2436.728	2161.816	2202.086
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1014.875	1126.598	1223.834
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		23.500	88.500	145.075
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	686.043	401.204	256.179
	Sundry Debtors	48.468	26.604	16.586
	Cash & Bank Balances	500.111	274.930	391.957
	Other Current Assets	63.743	86.478	73.867
	Loans & Advances	247.226	247.743	209.625
Total Current Assets		1545.591	1036.959	948.214
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	8.134	14.109	22.806
	Other Current Liabilities	46.973	37.924	72.968
	Provisions	92.131	38.208	39.263
Total Current Liabilities		147.238	90.241	115.037
Net Current Assets		1398.353	946.718	833.177
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		2436.728	2161.816	2202.086

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009
	SALES
		Income	896.729	881.374
		Other Income	65.064	58.806
		TOTAL (A)	961.793	940.180
Less	EXPENSES
		TOTAL EXPENSES (B)	684.089	690.118
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		277.704	250.062
Less	FINANCIAL EXPENSES (D)		45.177	56.528
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		232.527	193.534
Less/ Add	DEPRECIATION/ AMORTISATION (F)		127.747	133.691
	PROFIT BEFORE TAX (E-F) (G)		104.780	59.843
Less	TAX (H)		(47.185)	0.843
	PROFIT AFTER TAX (G-H) (I)		151.965	59.000
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		974.993	922.095
Less	APPROPRIATIONS
		Transfer to General Reserve	15.197	5.900
		Proposed Dividend	0.173	0.173
		Corporate Tax on Dividend	0.029	0.029
	BALANCE CARRIED TO THE B/S		1111.559	974.993
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	657.852	727.498
	TOTAL EARNINGS		657.852	727.498
	IMPORTS
		Raw Materials	95.653	98.523
		Capital Goods	0.753	40.590
		Components & Spares	5.149	2.604
	TOTAL IMPORTS		101.555	141.717
	Earnings Per Share (Rs.)		8802.42	3417.52

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	10.89	15.80	6.28
Net Profit Margin (PBT/Sales)	(%)	11.68	11.68	6.79
Return on Total Assets (PBT/Total Assets}	(%)	4.09	4.84	2.76
Return on Investment (ROI) (PBT/Networth)		0.07	0.08	0.05
Debt Equity Ratio (Total Liability/Networth)		0.56	0.61	0.90
Current Ratio (Current Asset/Current Liability)		10.49	11.49	8.24

LOCAL AGENCY FURTHER INFORMATION

FORM 8:

Name of the company	SREE NARA SIMHA TEXTILES PRIVATE LIMITED
Presented By	K. L. Varadarajan – Director
1) Date and description of instrument creating the change	05.03.2005 Deed of Hypothecation for Rs.325 Millions dated 05.03.2005 Deed of Hypothecation for Rs.100 Millions dated 05.03.2005
2) Amount secured by the charge/amount owing on the securities of charge	Rs.425 Millions
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given	First pari – passu charge over the Company’s plant and machinery alongwith IDBI Bank.
4) Gist of the terms and conditions and extent and operation of the charge.	The charge operates as security to secure the non-revolving term loans aggregating to Rs.425 Millions sanctioned by The Bank of Nova Scotia to the Company.
5) Name and Address and description of the person entitled to the charge.	The Bank of Nova Scotia Classic Towers 1547 Trichy Road Coimbatore – 641018
6) Date and brief description of instrument modifying the charge	--
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification.	--

This form is for	Creation of charge
Corporate identity number of the company	U17111TZ1976PTC000755
Name of the company	SREE NARA SIMHA TEXTILES PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	P B No. 02, Sulur, Coimbatore – 641402, Tamilnadu, India
Type of charge	· Book Debts · Movable Property
Particular of charge holder	Punjab National Bank 733 Oppanakkara Street, Coimbatore – 641001, Tamilnadu, India E-Mail: bo0098@pnb.co.in
Nature of instrument creating charge	Hypothecation of Movable Assets Forming Part of Fixed/ Block Assets Packing Credit Agreement (Hypothecation)
Date of instrument Creating the charge	19.03.2009
Amount secured by the charge	Rs.100.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest BPLR - 2.50% p.a. Terms of repayment Credit Limit sanction by National Bank is in the Nature of Adhoc Packing Credit Facility. The Term of Credit is for period of Six months. Margin 10 % Extent and Operation of the charge: The adhoc packing credit facility aggregating to Rs.100.000 Millions sanctioned by Punjab National Bank are secured by Pari Passu charge on Book Debts, Goods and Other Movable Assets of the company
Particulars of the property charged	Book Debts, Goods and Other Movable Assets of the company situated in the premises/ Godown of the company.

FIXED ASSETS

· Land – Freehold

· Building

· Machinery

· Electrical Machinery

· Office Equipments and Furniture

· Live Stock

· Vehicles

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.50.59
UK Pound	1	Rs.80.34
Euro	1	Rs.67.13

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	8
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	8
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	7
--LIQUIDITY	1~10	8
--LEVERAGE	1~10	8
--RESERVES	1~10	8
--CREDIT LINES	1~10	7
--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		68

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.