MIRA INFORM REPORT

Report Date :

05.05.2012

IDENTIFICATION DETAILS

Name :	PET POLYMERS PRIVATE LIMITED
Registered Office :	No.63/18, Thattankulam Road, Madhavaram Chennai – 600060 Tamilnadu
Country :	India
Date of Incorporation :	10.08.2011
Com. Reg. No.:	081877
Capital Investment / Paid-up Capital :	Rs.0.500 Million
CIN No.: [Company Identification No.]	U25209TN2011PTC081877
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Supplier of Pet Flakes.
No. of Employees :	7 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

NB

RATING		STATUS	PROPOSED CREDIT LINE
-	NB	New Business	-

Status :	New company
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a new company and yet to complete its one full year of operations. Business is active. Payments are unknown. The company can be considered for business dealings on a safe and secured 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

INFORMATION PARTED BY

Name :	Mr. Lalit Kumar Sain
Designation :	Director
Contact No.:	91-9994223353
Date :	19.04.2012

LOCATIONS

Registered Office/ Factory :	No.63/18, Thattankulam Road, Madhavaram Chennai – 600060 Tamilnadu, India
Tel. No.:	Not Available
Mobile No.:	91-9994223353 (Mr. Lalit Kumar Sain)
Fax No.:	Not Available
E-Mail :	petpolymerschennai@gmail.com caashokjain@gmail.com jthayalan@gmail.com esai@vsnl.com
Website :	http://www.petpolymers.com (Under Construction)
Location :	Owned

DIRECTORS

Name :

Mr. Hajamohideen Syedmohideen

Designation :

Director

Address :

No. 18/41, Model School Road, Thousand Lights, Chennai – 600006, Tamilnadu,

India

Date of Birth/Age :

15.06.1975

Date of Appointment :

10.08.2011

DIN No.:

03593909

Name :

Mr. Pitchaimuthu Hari Krishnan

Designation :

Director

Address :

No. 6/509, 153rd Street, Muthamizh Nagar, Kodungaiyur, Chennai – 600118, Tamilnadu, India

Date of Birth/Age :

02.10.1989

Date of Appointment :

10.08.2011

DIN No.:

03586806

Name :

Mr. Lalit Kumar Sain

Designation :

Director

Address :

Ward No.7, Near Shyam Park, Vill - Shrimadhopur, District Sikar – 332715, Rajasthan, India

Date of Birth/Age :

20.10.1981

Date of Appointment :

10.08.2011

DIN No.:

03592585

Name :

Mr. Sureshkumar Rajagopal

Designation :

Director

Address :

Q Block, Door No.2, Prem Nagar Colony, South Boag Road, T. Nagar, Chennai – 600017, Tamilnadu, India

Date of Birth/Age :

05.02.1970

Date of Appointment :

10.08.2011

DIN No.:

03228659

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	U63023TN2010PTC077491	ACME WAREHOUSING PRIVATE LIMITED	Director	27/09/2010	27/09/2010	16/04/2012	Active	NO
2	U25209TN2011PTC081877	PET POLYMERS PRIVATE LIMITED	Director	10/8/2011	10/8/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 06.08.2011)

Names of Shareholders	No. of Shares
Sureshkumar Rajagopal	1250
Lalit Kumar Sain	1250
Pitchaimuthu Hari Krishnan	1250
Hajamohideen Syedmohideen	1250
Total	5000

BUSINESS DETAILS

Line of Business :	Manufacturer and Supplier of Pet Flakes.
Terms :
Selling :	Cheque
Purchasing :	Cheque

GENERAL INFORMATION

Customers :	Manufacturer · Allience Fibres Limited, Surat · R. T. Fiber Limited, Mumbai · Strong Strap Private Limited, Ahmedabad
No. of Employees :	7 (Approximately)
Bankers :	· Dena Bank 2/31, G N T Road, M A Nagar, Redhills, Chennai – 600052, Tamilnadu, India

Banking Relations :	--
Auditors :
Name :	Ashok Kumar Jain Chartered Accountant

CAPITAL STRUCTURE

Authorised Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.10/- each	Rs.0.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.10/- each	Rs.0.500 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

NEW COMPANY

Particulars	31.03.2012
Sales Turnover (Approximately)	15.000

Expected Sales (2012-13): Rs.100.000 Millions

The above information has been parted by Mr. Lalit K. Spain

Note: Activity Started on October 2011.

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 one years	Yes
Profitability for last three years	No
Reasons for variation <> 20%	-----
Estimation for coming financial year	Yes
Capital in the business	Yes
Details of sister concerns	No
Major Suppliers	No
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	No
Major Shareholders, if available	Yes

TRADE REFERENCE:

· Allience Fibres Limited, Surat

· R. T. Fiber Limited, Mumbai

· Strong Strap Private Limited, Ahmedabad

FORM 8:

Corporate identity number of the company	U25209TN2011PTC081877
Name of the company	PET POLYMERS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	No. 63/18, Thattankulam Road, Madhavaram, Chennai – 600060, Tamilnadu, India caashokjain@gmail.com
This form is for	Creation of charge
Type of charge	Book Debts Others: Stock in hand
Particular of charge holder	Dena Bank 2/31, G N T Road, M A Nagar, Redhills, Chennai – 600052, Tamilnadu, India caashokain@gmail.com
Nature of description of the instrument creating or modifying the charge	Charge on stock and book debts of the company
Date of instrument Creating the charge	14.11.2011
Amount secured by the charge	Rs.10.000 Millions
Brief particulars of the principal terms and conditions and extent and operation of the charge	Rate of Interest DBBR 10.07% +5.05 % Terms of Repayment Term Loan Rs.5.000 Millions repayable in 84 installments commening December 2012 Cash Credit Rs.5.000 Millions in one year Margin Stock 25% Book Debts - 50% Extent and Operation of the charge Charge on the fully paid stock of the company and book debts not exceeding days
Short particulars of the property charged	Nil

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 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.53.72
UK Pound	1	Rs.86.98
Euro	1	Rs.70.65

INFORMATION DETAILS

Information Gathered by :	SBA
Report Prepared by :	NIT

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.