1. Summary Information

		Country	India
Company Name	TEXTILE DYE CHEM PRIVATE LIMITED	Principal Name 1	Mr. Konda Haranath Gupta
Status	Satisfactory	Principal Name 2	Mr. Konda Siva PrasadS
		Registration #	18-52874
Street Address	New No.168 (Old No.161), Govindappa Naicken Street, Chennai-600001, Tamilnadu, India
Established Date	01.04.2004	SIC Code	--
Telephone#	91-44-52146822/ 52146833/ 28554870	Business Style 1	Importer
Fax #	91-44-28553723	Business Style 2	Dealer
Homepage	http://www.balaha.com	Product Name 1	Chemicals
# of employees	51	Product Name 2	Solvents
Paid up capital	Rs. 10,200,600/-	Product Name 3	Metals
Shareholders	Directors or relatives of directors-100%	Banking	HDFC Bank Limited
Public Limited Corp.	NO	Business Period	8 Years
IPO	NO	International Ins.	-
Public Enterprise	NO	Rating	Ba (45)
Related Company
Relation	Country	Company Name	CEO
Related Party	India	Gem Enterprises	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	412,287,000	Current Liabilities	231,459,000
Inventories	21,789,000	Long-term Liabilities	197,137,000
Fixed Assets	64,220,000	Other Liabilities	23,518,000
Deferred Assets	0,000	Total Liabilities	452,114,000
Invest& other Assets	49,000	Retained Earnings	36,030,000
		Net Worth	46,231,000
Total Assets	498,345,000	Total Liab. & Equity	498,345,000
Total Assets (Previous Year)	332,743,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	1349.143,000	Net Profit	7,021,000
Sales(Previous yr)	1,214,723,000	Net Profit(Prev.yr)	6,729,000

MIRA INFORM REPORT

Report Date :

03.05.2012

IDENTIFICATION DETAILS

Name :	TEXTILE DYE CHEM PRIVATE LIMITED
Registered Office :	New No.168 (Old No.161), Govindappa Naicken Street, Chennai-600001, Tamilnadu
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	01.04.2004
Com. Reg. No.:	18-52874
Capital Investment / Paid-up Capital :	Rs. 10.201 Millions
CIN No.: [Company Identification No.]	U24114TN2004PTC052874
IEC No.:	0401000907
TAN No.: [Tax Deduction & Collection Account No.]	CHET07383F
PAN No.: [Permanent Account No.]	AACCT0262E
Legal Form :	Private Limited Liability Company
Line of Business :	Importer, Dealer and Distributors of IUPITAL, All Industrial Chemicals, Solvents, Pharma and Metals.
No. of Employees :	51 (30 – In Office, 21 – In Factory) (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 180000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
India	A1	A1

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

LOCATIONS

Registered Office :	New No.168 (Old No.161), Govindappa Naicken Street, Chennai-600001, Tamilnadu, India
Tel. No.:	91-44-52146822/ 52146833/ 28554870
Fax No.:	91-44-28553723
E-Mail :	vsacs09@gmail.com balaha@giasmd01.vsnl.net.in salps@balaha.com accounts@balaha.com
Website :	http://www.balaha.com
Corporate Office:	IV Floor, Cisions Complex No. 150, Montieth Road, Egmore, Chennai – 600008, Tamilnadu, India
Tel. No.:	91-44-42290909/ 28554485
Fax No.:	91-44-28553723
E-Mail :	sales@balaha.com
Website :	http://www.balaha.com
Area :	2500 sq. ft.
Location :	Rented
Branch 1 :	31 A/16, Sidco Industrial Estate, Ambattur, Chennai – 600098, Tamilnadu, India
Tel. No.:	91-44-26252818
Area :	7200 sq. ft.
Location :	Rented
Branch 2 :	Room No. 522/1. 3rd Floor, Prabhat Complex, No.8, K.G. Road, Bangalore – 560009, Karnataka, India
Tel. No.:	91-80-22267433
Fax No.:	91-80-22255975
Area :	3200 sq. ft.
Location :	Owned
Branch 3 :	No.5, Parasuraman Nagar, Opp. PASIC, Muthryarpalayam, Pondicherry – 605009, Tamilnadu, India
Tel. No.:	91-413-6534550
Fax No.:	91-413-2266416
Area :	7200 sq. ft.
Location :	Rented
Branch 4 :	3/207, Parapalayam, Mannarai – Uthukuli Road, Tirupur – 641607, India
Tel. No.:	91-421-2223994
Area :	3500 sq. ft.
Location :	Rented
Branches 5 :	76, West Street, Rayapuram, Tirupur – 641601, Tamilnadu, India

DIRECTORS

As on 30.09.2011

Name :

Mr. Konda Haranath Gupta

Designation :

Director

Address :

No.9-D, Karneeswarar Koil Street, Santhome, Mylapore, Chennai – 600004, Tamilnadu, India

Date of Birth/Age :

30.03.1943

Date of Appointment :

01.04.2004

DIN No.:

00219307

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	U70101TN1991PTC021737	LANDMARK REALTORS PRIVATE LIMITED	Director	25/11/1991	25/11/1991	-	Active	NO
2	U24110AP1998PTC029189	SRIVAARI CHEMICALS PRIVATE LIMITED	Director	22/01/2001	22/01/2001	-	Active	NO
3	U24117TN2001PTC047817	SRI BALAHA CHEMICALS PRIVATE LIMITED	Director	27/09/2001	27/09/2001	-	Active	NO
4	U24114TN2004PTC052874	TEXTILE DYE CHEM PRIVATE LIMITED	Director	1/4/2004	1/4/2004	-	Active	NO
5	U24112TN2006PTC059344	SRI PASUPATHY CHEMICALS PRIVATE LIMITED	Director	29/03/2006	29/03/2006	-	Active	NO

Name :

Mr. Konda Shivaprasad

Designation :

Director

Address :

No.9-D, Karneeswarar Koil Street, Santhome, Mylapore, Chennai – 600004, Tamilnadu, India

Date of Birth/Age :

19.08.1969

Qualification :

B.Com

Date of Appointment :

01.04.2004

DIN No.:

00219318

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	U70101TN1991PTC021737	LANDMARK REALTORS PRIVATE LIMITED	Director	25/11/1991	25/11/1991	-	Active	NO
2	U24110AP1998PTC029189	SRIVAARI CHEMICALS PRIVATE LIMITED	Director	3/4/1998	3/4/1998	-	Active	NO
3	U17111TN1995PLC032248	NAVADURGA SPINNERS LIMITED	Director	5/6/2002	5/6/2002	-	Strike off	NO
4	U24114TN2004PTC052874	TEXTILE DYE CHEM PRIVATE LIMITED	Director	1/4/2004	1/4/2004	-	Active	NO
5	U24117TN2001PTC047817	SRI BALAHA CHEMICALS PRIVATE LIMITED	Director	13/10/2004	13/10/2004	-	Active	NO
6	U24112TN2006PTC059344	SRI PASUPATHY CHEMICALS PRIVATE LIMITED	Director	29/03/2006	29/03/2006	-	Active	NO

Name :

Mr. Kancherla Sudharani

Designation :

Director

Address :

No.9-D, Karneeswarar Koil Street, Santhome, Mylapore, Chennai – 600004, Tamilnadu, India

Date of Birth/Age :

19.04.1972

Date of Appointment :

18.10.2004

DIN No.:

00219768

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	U24117TN2001PTC047817	SRI BALAHA CHEMICALS PRIVATE LIMITED	Director	13/10/2004	13/10/2004	-	Active	NO
2	U24114TN2004PTC052874	TEXTILE DYE CHEM PRIVATE LIMITED	Director	18/10/2004	18/10/2004	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.9.2011

Names of Shareholders	No. of Shares
K. Haranath Gupta	770000
K. Sivaprasad	250000
K. Sudharani	20
K. Padmavathy	20
S. V Subrahmanyam	10
D. B. Amaresh	10
Total	1020060

As on 30.09.2011

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 :	Importer, Dealer and Distributors of IUPITAL, All Industrial Chemicals, Solvents, Pharma and Metals.
Product :	Caustic Soda Lye.

GENERAL INFORMATION

No. of Employees :

51 (30 – In Office, 21 – In Factory) (Approximately)

Bankers :

· HDFC Bank Limited, No. 759, ITC Centre, Anna Salai, Opposite TVS. Chennai – 600002, Tamilnadu, India

· HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India

· ICICI Bank Limited, No.110, Nungambakkam High Road, Nungambakkam, Chennai – 600034, Tamilnadu, India

· State Bank of India

Facilities :

Secured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Rupee term loan banks secured	(A) 39.500	0.000
Rupee term loan others secured	(B)118.764	70.000
Total	158.264	70.000
Note : (A) Against Land and Building) (B) State Bank of India - Channel Finance (Personaly Guaranteed By Directors) HDFC Bank Against Stock and Book Debts And Personal Guarantee by Directors
Secured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Rupee term loan others unsecured	0.000	8.711
Loan directors unsecured	32.780	34.258
Hire purchase installment payable unsecured	6.094	3.177
Total	38.874	46.146
Footnotes : (A) ICICI Bank Ltd - Channel Finance

Banking Relations :	--
Auditors :
Name :	Vijai Sarathy and Company Chartered Accountants
Address :	New No 39, (Old No. 18-A, Rajamannar Street, T. Nagar, Chennai – 600017, Tamilnadu, India
Tel. No.:	91-44-28153830/ 28152948
E-Mail :	Vijaisarathy.ca@gmail.com
PAN.:	ABPPP6365H AAAFV5754A
Related Party :	· Gem Enterprises · Sribaba chemicals Private Limited · Shrivastav Enterprises

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
1100000	Equity Shares	Rs.10/- each	Rs. 11.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1020060	Equity Shares	Rs.10/- each	Rs. 10.201 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		10.201	10.201	10.201
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		36.030	29.009	22.280
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		46.231	39.210	32.481
LOAN FUNDS
1] Secured Loans		158.264	70.000	55.000
2] Unsecured Loans		38.873	46.146	43.120
TOTAL BORROWING		197.137	116.146	98.120
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		243.368	155.356	130.601
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		64.220	8.167	5.039
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	4.908
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	21.789	24.142	23.050
	Sundry Debtors	326.438	219.674	201.526
	Cash & Bank Balances	29.565	19.287	2.125
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	56.284	61.473	65.382
Total Current Assets		434.076	324.576	292.083
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	223.709	155.779	157.118
	Other Current Liabilities	7.750	2.781
	Provisions	23.518	18.893	14.394
Total Current Liabilities		254.977	177.453	171.512
Net Current Assets		179.099	147.123	120.571
MISCELLANEOUS EXPENSES		0.049	0.066	0.083
TOTAL		243.368	155.356	130.601

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	1349.143	1214.723	1962.320
		Other Income	49.868	33.929	14.096
		TOTAL	1399.011	1248.652	1976.416
Less	EXPENSES
		Increase/Decrease in stock	(2.354)	(1.092)	2.857
		Other Expenditure	1385.096	1238.445	1961.640
		TOTAL	1387.450	1237.353	1964.497
	PROFIT BEFORE TAX		11.561	11.299	11.919
Less	TAX		4.540	4.570	2.728
	PROFIT AFTER TAX		7.021	6.729	9.191
	Earnings Per Share (Rs.)		6.88	6.60	NA

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.50	0.54	0.47
Net Profit Margin (PBT/Sales)	(%)	0.86	0.93	0.61
Return on Total Assets (PBT/Total Assets}	(%)	2.32	3.39	4.01
Return on Investment (ROI) (PBT/Networth)		0.25	0.29	0.37
Debt Equity Ratio (Total Liability/Networth)		9.78	7.49	8.30
Current Ratio (Current Asset/Current Liability)		1.70	1.83	1.70

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	No
10) Designation of contact person	No
11) Turnover of firm for last three years	Yes
12) Profitability for last three years	Yes
13) Reasons for variation <> 20%	-
14) Estimation for coming financial year	No
15) Capital in the business	Yes
16) Details of sister concerns	No
17) Major suppliers	No
18) Major customers	No
19) Payments terms	No
20) Export / Import details (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

OPERATIONS REVIEW:

The performance of the Company during the year has been good. All efforts are being taken by the company to increase the Volume of business, thereby increasing the sales turnover of the company simultaneously.

CONTINGENT LIABILITIES

(Rs in Millions)

Particular	31.03.2011
Bank Guarantee
Letter of Credit Inland Import	Rs. 23.323 Rs. 11.843

Bankers Charges Report as per Registry

Corporate identity number (CIN) Foreign company registration number	U24114TN2004PTC052874
Name of the Company	TEXTILE DYE CHEM PRIVATE LIMITED
Address	Old No.161, New No.168, Govindappa Naicken Street, Chennai – 600001, Tamilnadu, India accounts@balaha.com
This form is for	Modification of charge
Type of Charge	Immovable Property
Particulars of the charge holder	HDFC Bank Limited, HDFC Bank Housesnapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India Email ID: srinivasan.venkataraman@hdfcbank.com
Nature or description of the instrument(s) creating or modifying the charge	Memorandum Equitable Mortgage by deposit of title deeds by way of constructive delivery relating to immovable properties of the Company is enclosed herewith.
Date of the instrument creating or modifying the charge	14.02.2012
Amount secured by the charge	Rs.444.000 Millions
Brief particulars of the principal terms and conditions and extent and operation of the charge	Rate of Interest: Any such rate as may be advised to the company from time to time in respect of the credit facilities. Terms of repayment: i) Cash credit / WCDL / LC / BG of Rs. 394.000 Millions repayable on demand. ii) Term loan of Rs. 50.000 Millions unless demanded earlier the loan is repayable as per sanction terms. Margin: As may be prescribed by the Bank from time to time for the credit facilities. Extent and operation of the charge: The company created charge by way of mortgage by deposit of title deeds relating to immovable properties of the company as security for the repayment of credit facilities granted to be granted to the company and other borrowers aggregating to Rs. 444.000 Millions together with interest cost charges and other dues any time hereafter may become due and owing to the respect of and under the credit facilities and interest and all the other cost thereto.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Extension of Equitable Mortgage of all that piece and parcel of land and building bearing New No.2, Old No.9, Annai Nagammai Street, Raja Annamalaipuram
Particulars of the present modification	By the present modification additional credit facilities of Rs.55.000 Millions. Textile Dye Chem Private limited and Rs.35.000 Millions. Sri Balaha Chemicals Private limited there by the total aggregate credit facilities granted to all the borrowers have been enhanced from Rs.354.000 Millions s to Rs.444.000 Millions and the enhanced credit facilities are secured by extension of equitable mortgage by constructive delivery of title deeds relating to immovable properties of the company

Fixed Assets

• Land
• Motor Car
• Computer
• Furniture and Fixture
• Plant and Machinery
• 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.52.93
UK Pound	1	Rs.85.85
Euro	1	Rs.69.94

INFORMATION DETAILS

Report Prepared by :

DPK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--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		45

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.