MIRA INFORM REPORT

Report Date :

26.03.2012

IDENTIFICATION DETAILS

Name :	AMIRA TANNA INDUSTRIES PRIVATE LIMITED
Registered Office :	727/728, Village Moti Bhoyan, Taluka-kalol, Gandhinagar, Kalol - 382721, Gujarat
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	28.04.2004
Com. Reg. No.:	04-044063
Capital Investment / Paid-up Capital :	Rs.30.000 Millions
CIN No.: [Company Identification No.]	U15127GJ2004PTC044063
TAN No.: [Tax Deduction & Collection Account No.]	AHMA04620A
PAN No.: [Permanent Account No.]	AAECA8164G
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and exporter of hulled sesame seed, natural sesame seed and natural white sesame seed
No. of Employees :	30 (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 75000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track. There appears huge accumulated losses recorded by the company. However, trade relations are reported a fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some cautions.

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. Jagdish
Designation :	Accounts Manager
Contact No.:	91-9909016032
Date :	05.03.2012

LOCATIONS

Registered Office / Factory :	727/728, Village Moti Bhoyan, Taluka-kalol, Gandhinagar, Kalol - 382721, Gujarat, India
Tel. No.:	91-2764-326784 / 281554 / 281513
Mobile No.:	91-9909016032 (Mr. Jagdish) 91-9879416030 (Mr. Hemant Gupte)
Fax No.:	91-2764-281554
E-Mail :	jagdish.solgana@amiratanna.com hemant.gupte@amiratanna.com
Website :	www.amiratanna.com
Area :	3500 sq.ft
Location :	Owned

DIRECTORS

As on 20.09.2011

Name :

Mr. Anil K. Chanana

Designation :

Director

Address :

54, Prakriti Marg, Sultanpur Farms, Meharauli, New Delhi – 110 030, Delhi, India

Date of Birth/Age :

29.11.1946

Qualification :

Graduate

Date of Appointment :

28.04.2004

DIN No.:

00005856

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	L74999MH1984PLC032132	AYEPEE LAMITUBES LIMITED	Director	10/2/1984	10/2/1984	12/2/2009	Active	NO
2	U01111DL1990PTC041801	KARAM CHAND AND COMPANY PRIVATE LIMITED	Director	17/10/1990	17/10/1990	-	Strike off	NO
3	U74899DL1989PTC034813	H I P TRAVELS PRIVATE LIMITED	Director	1/6/1992	1/6/1992	-	Active	NO
4	U45202KA1994PTC016736	SURUTI HOLDINGS PRIVATE LIMITED	Director	15/12/1994	15/12/1994	16/06/2008	Active	NO
5	U45201DL1996PTC077257	SPARROW PROPERTIES PRIVATE LIMITED	Director	19/03/1996	19/03/1996	-	Active	NO
6	U65993DL1998PTC097030	AMIRA INVESTMENTS PRIVATE LIMITED	Director	11/11/1998	11/11/1998	-	Active	NO
7	U70101DL1995PTC070885	GRAND ESTATES PRIVATE LIMITED	Director	25/08/1999	25/08/1999	-	Active	NO
8	U18101DL1981PTC011616	YOU-N-ME PRIVATE LIMITED	Director	20/12/1999	20/12/1999	-	Active	NO
9	U85110KA1999PLC024629	CALLEO CONSOLIDATED TECHNOLOGIES LIMITED	Director	27/03/2000	27/03/2000	-	Active	NO
10	U51909HR1997PTC042167	ANCIENT CONSTRUCTION AND SECMARK PRIVATE LIMITED	Director	30/11/2002	30/11/2002	20/08/2008	Active	NO
11	U74899DL1994PTC063492	SHREE NATH SHARES PRIVATE LIMITED	Director	30/05/2003	30/05/2003	-	Active	NO
12	U74899DL1993PTC054944	ARC HOSPITALITY PRIVATE LIMITED	Director	6/6/2003	6/6/2003	16/04/2007	Active	NO
13	U15127GJ2004PTC044063	AMIRA TANNA INDUSTRIES PRIVATE LIMITED	Director	28/04/2004	28/04/2004	-	Active	NO
14	U55101DL2004PTC127156	ARA HOSPITALITY PRIVATE LIMITED	Director	25/06/2004	25/06/2004	-	Active	NO
15	U45201DL2001PTC113050	NEELKAMAL REALTY PRIVATE LIMITED	Director	19/11/2004	19/11/2004	-	Active	NO
16	U45201DL2004PTC128309	DEEP PROMOTERS PRIVATE LIMITED	Director	20/03/2005	20/03/2005	-	Active	NO
17	U45201DL2004PTC128312	GAGAN PROMOTERS PRIVATE LIMITED	Director	20/03/2005	20/03/2005	-	Active	NO
18	U74899DL2005PTC137167	CALLEO DISTRIBUTION TECHNOLOGIES PRIVATE LIMITED	Director	3/6/2005	3/6/2005	24/01/2009	Active	NO
19	U51909DL2005PTC140673	KINETIC EXPORTS PRIVATE LIMITED	Director	13/09/2005	13/09/2005	-	Active	NO
20	U74899DL1990PTC041744	SIDDHI FINLEASE PRIVATE LIMITED	Director	13/10/2005	13/10/2005	20/09/2007	Active	NO
21	U70101DL2005PTC140938	A.K. DWELLERS PRIVATE LIMITED	Director	28/02/2006	28/02/2006	-	Active	NO
22	U13100DL2005PTC140847	PEGASUS MINERALS AND METALLOYS PRIVATE LIMITED	Director	28/02/2006	28/02/2006	-	Active	NO
23	U45201DL2005PTC137034	ROSEVIEW PROMOTERS PRIVATE LIMITED	Director	9/6/2011	1/3/2006	-	Active	NO
24	U70101DL2005PTC140846	A K SHELTERS PRIVATE LIMITED	Director	27/03/2006	27/03/2006	-	Active	NO
25	U72300DL2006PTC149475	INDIMO TELECOMMUNICATIONS PRIVATE LIMITED	Director	4/6/2006	4/6/2006	-	Active	NO

Name :

Mr. Dipak K Tanna

Designation :

Director

Address :

Coolshanagh, 7 Gamadia Road, Mumbai – 400 026, Maharashtra, India

Date of Birth/Age :

24.12.1958

Qualification :

Graduate

Date of Appointment :

28.04.2004

DIN No.:

00151217

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	U15310MH1980PTC022930	TANNA FLOUR MILLS PRIVATE LIMITED	Director	1/8/1980	1/8/1980	-	Amalgamated	NO
2	L65990MH1982PLC028806	PARICHAY INVESTMENTS LIMITED	Director	1/12/1982	1/12/1982	30/09/2008	Active	NO
3	U45200MH1980PLC022166	TANNA BUILDERS LIMITED	Director	1/6/1991	1/6/1991	-	Active	NO
4	U65990MH1993PTC070313	MOIDORE FINANCE AND LEASING PRIVATE LIMITED	Director	15/01/1993	15/01/1993	-	Active	NO
5	U45200MH1985PTC035010	CONTEMPORARY PROPERTIES PRIVATE LIMITED	Director	11/4/1993	11/4/1993	-	Active	NO
6	U65923MH1993PTC072538	TANNA AGRO IMPEX PRIVATE LIMITED	Director	8/7/1993	8/7/1993	-	Active	NO
7	U65920MH1993PTC071302	NEREID FINANCE AND LEASING PRIVATE LIMITED	Director	15/10/1993	15/10/1993	-	Active	NO
8	U26966MH1990PTC057748	GENERAL PRODUCE AND OILSEEDS PRIVATE LIMITED	Director	15/10/1993	15/10/1993	-	Active	NO
9	U45200MH1994PTC076879	CLAM PROPERTIES PRIVATE LIMITED	Director	5/3/1994	5/3/1994	-	Active	NO
10	U67100MH1995PTC089546	EQUAL INVESTRADE PRIVATE LIMITED	Director	8/7/1995	8/7/1995	-	Amalgamated	NO
11	U67120MH1995PTC089586	INFOCUS INVESTMENT PRIVATE LIMITED	Director	8/7/1995	8/7/1995	-	Active	NO
12	U67120MH1995PTC088884	ZILMIL INVESTRADE PRIVATE LIMITED	Director	8/7/1995	8/7/1995	-	Amalgamated	NO
13	U67120MH1995PTC087334	PAVE INVESTMENT AND LEASING PRIVATE LIMITED	Director	8/7/1995	8/7/1995	-	Amalgamated	NO
14	U67120MH1995PTC089346	KENWOOD STOCKFIN PRIVATE LIMITED	Director	8/7/1995	8/7/1995	-	Amalgamated	NO
15	U45201MH1995PTC095417	ONE TARA ARTWORKS PRIVATE LIMITED	Director	3/8/1996	3/8/1996	-	Strike off	NO
16	U70102PN1997PTC021544	URBAN HORSE PROPERTY DEVELOPERS PRIVATE LIMITED	Director	31/07/1997	31/07/1997	-	Active	NO
17	U99999MH1995PTC092524	PRADHAN PROPERTIES PRIVATE LIMITED	Director	12/10/2001	12/10/2001	-	Amalgamated	NO
18	U70100MH1996PTC101383	KABRA PROPERTIES AND SECURITIES PRIVATE LIMITED	Director	1/2/2002	1/2/2002	11/10/2010	Active	NO
19	U45200MH1994PTC084068	RIJUTA PROPERTIES PRIVATE LIMITED	Director	1/2/2002	1/2/2002	11/10/2010	Active	NO
20	U45201MH2002PTC134772	TIA CONSTRUCTION COMPANY PRIVATE LIMITED	Director	4/2/2002	4/2/2002	-	Active	NO
21	U15127GJ2004PTC044063	AMIRA TANNA INDUSTRIES PRIVATE LIMITED	Director	28/04/2004	28/04/2004	-	Active	NO
22	U67120MH1981PTC024031	HILL WOOD INVESTMENTS PRIVATE LIMITED	Director	21/04/2006	21/04/2006	-	Amalgamated	NO
23	U99999MH1995PTC091145	RATNAPRIYA HOLDING AND ESTATE DEVELOPERS PRIVATE LIMITED	Director	29/09/2007	26/04/2007	-	Active	NO
24	U45202MH2008PTC181886	TIA SHUBHAM CONSTRUCTIONS PRIVATE LIMITED	Director	2/5/2008	2/5/2008	-	Strike off	NO

Name :

Mr. Kunal Anill Chanana

Designation :

Director

Address :

54, Prakriti Marg, Sultanpur Farms, Meharauli, New Delhi – 110 030, Delhi, India

Date of Birth/Age :

01.11.1977

Qualification :

Graduate

Date of Appointment :

30.05.2005

DIN No.:

00045984

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	U85110KA1999PLC024629	CALLEO CONSOLIDATED TECHNOLOGIES LIMITED	Director	27/03/2000	27/03/2000	-	Active	NO
2	U65993DL1998PTC097030	AMIRA INVESTMENTS PRIVATE LIMITED	Director	1/4/2000	1/4/2000	-	Active	NO
3	U15127GJ2004PTC044063	AMIRA TANNA INDUSTRIES PRIVATE LIMITED	Director	30/05/2005	30/05/2005	-	Active	NO
4	U74899DL2005PTC137167	CALLEO DISTRIBUTION TECHNOLOGIES PRIVATE LIMITED	Director	3/6/2005	3/6/2005	2/2/2009	Active	NO
5	U70101DL2005PTC140846	A K SHELTERS PRIVATE LIMITED	Director	16/09/2005	16/09/2005	-	Active	NO
6	U13100DL2005PTC140847	PEGASUS MINERALS AND METALLOYS PRIVATE LIMITED	Managing director	11/8/2010	16/09/2005	-	Active	NO
7	U70101DL2005PTC140938	A.K. DWELLERS PRIVATE LIMITED	Director	20/09/2005	20/09/2005	-	Active	NO
8	U45201DL2003PTC121720	PEGASUS BUILDTECH PRIVATE LIMITED	Director	26/08/2006	1/6/2006	-	Active	NO
9	U72300DL2006PTC149475	INDIMO TELECOMMUNICATIONS PRIVATE LIMITED	Director	4/6/2006	4/6/2006	-	Active	NO
10	U45200DL2006PTC154922	LOREL BUILDTECH PRIVATE LIMITED	Director	29/09/2007	30/10/2006	-	Active	NO
11	U74899DL1993PTC054944	ARC HOSPITALITY PRIVATE LIMITED	Director	16/04/2007	16/04/2007	-	Active	NO
12	U74899DL1994PTC063492	SHREE NATH SHARES PRIVATE LIMITED	Director	10/11/2009	29/09/2007	-	Active	NO
13	U63090DL2007PTC162697	INTERGLOBE ESTABLISHED PRIVATE LIMITED	Director	19/09/2008	8/1/2008	-	Active	NO
14	U45400DL2005PTC133826	WHIZ CONSTRUCTIONS PRIVATE LIMITED	Director	30/09/2009	6/3/2008	-	Active	NO
15	U45400DL2005PTC133824	NURTURE PROJECTS PRIVATE LIMITED	Director	30/09/2009	6/3/2008	-	Active	NO
16	U74999DL2005PTC133825	SPIRITUAL DEVELOPERS PRIVATE LIMITED	Director	30/09/2009	6/3/2008	-	Active	NO
17	U45201DL2004PTC128309	DEEP PROMOTERS PRIVATE LIMITED	Director	30/09/2009	6/3/2008	-	Active	NO
18	U45201DL2005PTC134094	PAGODA DEVELOPER PRIVATE LIMITED	Director	30/09/2009	7/3/2008	-	Active	NO
19	U45201DL2005PTC134096	ASYLUM ESTATE PRIVATE LIMITED	Director	30/09/2009	7/3/2008	-	Active	NO
20	U70101DL2005PTC133823	ACQUAINTED REALTORS PRIVATE LIMITED	Director	30/09/2009	7/3/2008	-	Active	NO
21	U45201DL2005PTC137034	ROSEVIEW PROMOTERS PRIVATE LIMITED	Director	9/9/2009	7/3/2008	-	Active	NO
22	U45201DL2004PTC128312	GAGAN PROMOTERS PRIVATE LIMITED	Director	30/09/2009	7/3/2008	-	Active	NO
23	U74140DL2008PTC178997	PEGASUS UTILITY MAINTENANCE AND SERVICES PRIVATE LIMITED	Director	3/6/2008	3/6/2008	-	Active	NO
24	U74899DL2006PTC144822	TECHPARK HOTELS PRIVATE LIMITED	Director	9/9/2008	9/9/2008	27/06/2011	Active	NO
25	U55101DL2004PTC128567	INTERGLOBE HOTELS PRIVATE LIMITED	Director	30/09/2009	9/9/2008	-	Active	NO
26	U45400DL2009PTC195412	PEGASUS INFRATECH PRIVATE LIMITED	Director	22/10/2009	22/10/2009	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Jagdish
Designation :	Accounts Manager
Name :	Mr. Hemant P. Gupte
Designation :	Manager
Address :	727-728, Moti Bhoyan, TA, Kalol, District – Gandhinagar, India
Date of Birth/Age :	16.11.1951
Date of Appointment :	01.11.2010

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 20.09.2011

Names of Shareholders	No. of Shares
Mr. Anil K Chanana	500000
Mr. Dipak K Tanna	500000
Total	1000000

Names of Allottees	No. of Allotted
Mr. Anil K Chanana	1000000
Mr. Dipak K Tanna	1000000
Total	2000000

As on 20.09.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and exporter of hulled sesame seed, natural sesame seed and natural white sesame seed

Products :

• Sesame Seeds
• Natural Sesame Seed
• Hulled Sesame Seed
• Toasted Sesame Seeds
• Roasted Sesame Seeds

Product Description	ITC Code
Sesame Seeds	120740

Exports :

Products :

Hulled Sesame Seed, Natural Sesame Seed and Natural White Sesame Seed

Countries :

• European Country
• UK
• Germany
• France
• USA
• Denmark

Terms :

Selling :

Cash / Credit

Purchasing :

Cash / Credit

PRODUCTION STATUS (As On 31.03.2011)

Particulars	Unit	Installed Capacity	Actual Production
Sesame Seeds	MT	6500	1637.27

GENERAL INFORMATION

Suppliers :

Kisan Enterprises

Customers :

Wholesalers and Retailers

Unicorn Ingredients Limited

No. of Employees :

30 (Approximately)

Bankers :

Bank of India, Ellisbridge Branch, Opposite Town Hall, Ellisbridge, Ahmedabad - 380006, Gujarat, India

Facilities :

CC, TL – 72.000 Millions form Bank of India

(Rs. In Millions)

Secured Loan	As on 31.03.2011	As on 31.03.2010
Working capital facilities *	70.676	71.985
Total	70.676	71.985
Note : Fund based working capital facilities from bank are secured by pari passu hypothecation charge on all current assets and charge on the immovable and movable fixed assets of the company, both present and future.
Unsecured Loan	As on 31.03.2011	As on 31.03.2010
From Directors	9.798	29.798
From Others	48.290	20.165
Total	58.088	49.963

Banking Relations :	--
Auditors :
Name :	Dinesh R. Thakkar and Company Chartered Accountant
Address :	1, Mayur Apartment, 2, Motinagar Society, Mahalaxmi Cross Road, Paldi, Ahmedabad – 380007, Gujarat, India
PAN.:	AAKPT5883G

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
3050000	Equity Shares	Rs.10/- each	Rs.30.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
3000000	Equity Shares	Rs.10/- each	Rs.30.000 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		30.000	10.000	10.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		5.000	5.000	5.000
4] (Accumulated Losses)		(16.069)	(22.311)	(22.900)
NETWORTH		18.931	(7.311)	(7.900)
LOAN FUNDS
1] Secured Loans		70.676	71.985	74.456
2] Unsecured Loans		58.088	49.963	34.397
TOTAL BORROWING		128.764	121.948	108.853
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		147.695	114.637	100.953
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		28.272	30.657	34.555
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.222	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	89.428	50.820	33.760
	Sundry Debtors	43.978	47.837	27.411
	Cash & Bank Balances	1.607	0.773	1.338
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	17.779	9.831	10.877
Total Current Assets		152.792	109.261	73.386
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	30.763	24.201	5.548
	Other Current Liabilities	0.386	0.217	0.870
	Provisions	2.442	0.863	0.570
Total Current Liabilities		33.591	25.281	6.988
Net Current Assets		119.201	83.980	66.398
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		147.695	114.637	100.953

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010
		Turnover	207.400	150.311
Less		TOTAL EXPENSES	196.248	145.412
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		11.152	4.899
Less/ Add	DEPRECIATION/ AMORTISATION		3.762	4.202
	PROFIT BEFORE TAX		7.390	0.697
Less	Prior period Adjustments		0.000	0.108
Less	TAX		1.148	0.000
	PROFIT AFTER TAX		6.242	0.589
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	183.152	135.075
	TOTAL EARNINGS		183.152	135.075
	Earnings Per Share (Rs.)		6.012	0.59

Expected Sales (2011-12): Rs.250.000 Millions

The above information has been parted by Mr. Jagdish

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
Return on Total Assets (PBT/Total Assets}	(%)	4.08	0.50	Nil
Return on Investment (ROI) (PBT/Networth)		0.39	(0.10)	Nil
Debt Equity Ratio (Total Liability/Networth)		8.58	(20.13)	(14.66)
Current Ratio (Current Asset/Current Liability)		4.55	4.32	10.50

LOCAL AGENCY FURTHER INFORMATION

Trade References

• Kisan Enterprises
• Unicorn Ingredients Limited

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

Note:

The registered office of the company has been shifted from L-401, Indraprastha, Near Drive-In-Cinema, Gurukul Road, Thaltej, Ahmedabad – 380052, Gujarat, India to present address w.e.f. 07.11.2005

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U15127GJ2004PTC044063
Name of the company	AMIRA TANNA INDUSTRIES PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	727-728, Moti Bhoyan, Taluka Kalol, District, Gandhinagar, Moti Bhoyan– 382721, Gujarat, India hemant.gupte@amiratanna.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10041471
Type of charge	Immovable property Any interest in immovable property
Particular of charge holder	Bank of India, Ellisbridge Branch, Opposite Town Hall, Ellisbridge, Ahmedabad - 380006, Gujarat, India ellisbridge.ahmedabad@bankofindia.co.in
Nature of instrument creating charge	No due certificate of Bank for no outstanding towards term loan with the original sanctioned limit of Rs30.000 Millions.
Date of instrument Creating the charge	14.07.2010
Amount secured by the charge	Rs.72.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest EPC, FBP AND FBN - as per rules/ guidlines of the Bank prevalent from time to time Terms of repayment EPC - on demand/ annual review FBP - on demand/ annual review FBN - on demand/ annual review Margin EPC - 10% FBP - Nil FBN – Nil Extent and operation of the charge First and exclusive equitable mortgage charge on all the immovable prop of the co i. e. land and buildings, sheds, structures, construction and fixed plant and mach etc to secure fund based aggregate max lim of Rs.72.000 Millions alongwith int, addl int, penal int, cost, charges, liquidated damages, penalty and commission and all such other amt as may be due to the bank from time to time of what so ever nature
Short particulars of the property or asset(s) charged (including complete address and location of the property)	All that piece & parcel of n. a. land adm 3964.95 sq mtrs on estn side of 17124 sq mtrs of Blk No 727 and land adm 7387 sq mtrs of Blk No 728, situate lying and bein at Mouje Moti Bhoyan, Ta Kalol, Dist Gandhinagar together with buildings, sheds, structures, immovable p and m standing thereon or to be erected or attached to earth both present and future.
Date of instrument modifying the charge	10.02.2010
Particulars of the present modification	Bank had originally sanctioned term loan of Rs.30.000 Millions which was repaid fully on 14.07.2010 and there is no outstanding towards the term loan at present. Hence the equitable mortgage charge created on all immovable properties of the company being land, bldg, sheds, structures, const and fixed plant and mach etc stands reduced from Rs.102.000 Millions to Rs.72.000 Millions.

Fixed Assets

• Land
• Building
• Plant and Machinery
• Office Equipments
• Computer
• Furniture and Fixture
• 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.50.91
UK Pound	1	Rs.80.77
Euro	1	Rs.67.40

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	NO
--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.