MIRA INFORM REPORT

Report Date :

24.05.2012

IDENTIFICATION DETAILS

Name :	A-I ENTERPRISES PRIVATE LIMITED
Registered Office :	F-41/A, Anna Nagar (East), Chennai – 600040, Tamil Nadu
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	23.02.2000
Com. Reg. No.:	18-060136
Capital Investment / Paid-up Capital :	Rs. 39.037 Millions
CIN No.: [Company Identification No.]	U18101TN2000PTC060136
TAN No.: [Tax Deduction & Collection Account No.]	CHEA08893D
Legal Form :	Private Limited Liability Company
Line of Business :	Exporter of Garments.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

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

Maximum Credit Limit :	USD 1300000
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 :	F-41/A, Anna Nagar (East), Chennai – 600040, Tamil Nadu, India
Tel. No.:	91-44-42920100/26263875
Fax No.:	91-44-26260893
E-Mail :	aiemain@aie-group.com
Website :	http://www.aie-group.com

DIRECTORS

As on 27.09.2011

Name :	Mr. Abdul Azeez Hajee
Designation :	Director
Address :	A1-84, Shanthi Colony, Anna Nagar East, Chennai – 600040, Tamil Nadu, India
Date of Birth/Age :	18.10.1948
Date of Appointment :	23.02.2000
DIN No.:	00754284

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U18101TN1991PTC021479	M.F.TEXTILES PRIVATE LIMITED	Director	01-09-94	01-09-94	Active	NO
2	U51909TN1995PTC033146	MOUNT EXPORTS PRIVATE LIMITED	Director	06-10-95	06-10-95	Active	NO
3	U45201TN1996PTC036301	EBRAHIM SONS FOUNDATIONS PRIVATE LIMITED	Director	12-08-96	12-08-96	Amalgamated	NO
4	U45201TN1997PTC038855	EBRAHIM ENTERPRISES PRIVATE LIMITED	Director	19-08-97	19-08-97	Amalgamated	NO
5	U45201TN1997PTC038857	H.A.R. MOHAMED & SONS PRIVATE LIMITED	Director	19-08-97	19-08-97	Amalgamated	NO
6	U45201TN1997PTC038856	H.A.R. ENTERPRISES PRIVATE LIMITED	Director	19-08-97	19-08-97	Amalgamated	NO
7	U18101TN1998PTC040910	AAY KAY APPARELS PRIVATE LIMITED	Director	31-07-98	31-07-98	Active	NO
8	U72300TN1998PTC041143	AI CORPORATE SOLUTIONS PRIVATE LIMITED	Director	17-09-98	17-09-98	Active	NO
9	U18101TN2000PTC060136	A-I ENTERPRISES PRIVATE LIMITED	Director	23-02-00	23-02-00	Active	NO
10	U17221TN1987PTC014004	WOOL TOP WEAVAS PRIVATE LIMITED	Managing director	31-08-00	31-08-00	Active	NO
11	U17221TN1997PTC037350	WOOLTOP DESIGNS PRIVATE LIMITED	Managing director	31-08-00	31-08-00	Active	NO
12	U17121TN2004PTC052771	A.PLUS EXPORTS PRIVATE LIMITED	Director	18-03-04	18-03-04	Active	NO
13	U18101TN2004PTC054757	CENTIGRADE APPARELS PRIVATE LIMITED	Director	25-11-04	25-11-04	Active	NO
14	U18101TN2006PTC058983	CLOTHESLINE & COLOURS APPARELS PRIVATE LIMITED	Director	23-02-06	23-02-06	Active	NO
15	U55101TN2005PTC055870	A.R. PROPERTY DEVELOPERS PRIVATE LIMITED	Director	01-04-06	01-04-06	Active	NO
16	U18101TN2006PTC059850	EBRAHIM APPARELS PRIVATE LIMITED	Director	15-05-06	15-05-06	Active	NO
17	U17121TN2007PTC063972	AREEBA CLOTHING PRIVATE LIMITED	Director	15-06-07	15-06-07	Active	NO
18	U51909TN2008PTC068638	A.R.TELECOM PRIVATE LIMITED	Director	22-07-08	22-07-08	Active	NO

Name :	Mr. Haji Iqbal Haji Ebrahim
Designation :	Director
Address :	117, Periyarsamy Road, West R S Puram, Coimbatore – 641002, Tamil Nadu, India
Date of Birth/Age :	20.06.1952
Date of Appointment :	23.02.2000
DIN No.:	02464448

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U45201TN1997PTC038857	H.A.R. MOHAMED & SONS PRIVATE LIMITED	Director	19-08-97	19-08-97	Amalgamated	NO
2	U45201TN1997PTC038855	EBRAHIM ENTERPRISES PRIVATE LIMITED	Director	19-08-97	19-08-97	Amalgamated	NO
3	U45201TN1997PTC038856	H.A.R. ENTERPRISES PRIVATE LIMITED	Director	19-08-97	19-08-97	Amalgamated	NO
4	U18101TN2000PTC060136	A-I ENTERPRISES PRIVATE LIMITED	Director	23-02-00	23-02-00	Active	NO
5	U18101TN1991PTC021479	M.F.TEXTILES PRIVATE LIMITED	Director	08-01-01	08-01-01	Active	NO
6	U45201TN1996PTC036301	EBRAHIM SONS FOUNDATIONS PRIVATE LIMITED	Director	07-03-03	07-03-03	Amalgamated	NO
7	U51909TN1995PTC033146	MOUNT EXPORTS PRIVATE LIMITED	Director	29-11-04	29-11-04	Active	NO
8	U17221TN1987PTC014004	WOOL TOP WEAVAS PRIVATE LIMITED	Director	29-11-04	29-11-04	Active	NO
9	U17221TN1997PTC037350	WOOLTOP DESIGNS PRIVATE LIMITED	Director	01-07-05	01-07-05	Active	NO
10	U55101TN2005PTC055870	A.R. PROPERTY DEVELOPERS PRIVATE LIMITED	Director	01-04-06	01-04-06	Active	NO
11	U18101TN2006PTC059850	EBRAHIM APPARELS PRIVATE LIMITED	Director	15-05-06	15-05-06	Active	NO

Name :	Mr. Natesan Jayaraman
Designation :	Director
Address :	1329/1, 20^th Main Road, Anna Nagar East, Chennai – 600040, Tamil Nadu, India
Date of Birth/Age :	03.06.1929
Date of Appointment :	23.02.2000
DIN No.:	00770420

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U51909TN1995PTC033146	MOUNT EXPORTS PRIVATE LIMITED	Director	06-10-95	06-10-95	Active	NO
2	U18101TN2000PTC060136	A-I ENTERPRISES PRIVATE LIMITED	Director	23-02-00	23-02-00	Active	NO
3	U17221TN1997PTC037350	WOOLTOP DESIGNS PRIVATE LIMITED	Director	31-08-00	31-08-00	Active	NO
4	U17221TN1987PTC014004	WOOL TOP WEAVAS PRIVATE LIMITED	Director	31-08-00	31-08-00	Active	NO
5	U18101TN1991PTC021479	M.F.TEXTILES PRIVATE LIMITED	Director	01-08-01	01-08-01	Active	NO
6	U45201TN1997PTC038856	H.A.R. ENTERPRISES PRIVATE LIMITED	Director	09-02-06	09-02-06	Amalgamated	NO
7	U18101TN2006PTC059850	EBRAHIM APPARELS PRIVATE LIMITED	Director	15-05-06	15-05-06	Active	NO
8	U18101TN2009PTC073629	LOV3 ITALIAN FASHION COMPANY PRIVATE LIMITED	Director	20-11-09	20-11-09	Active	NO

Name :	Mr. Saleh Mohammed Asif
Designation :	Director
Address :	Block No. T 59, 10^th Street, Anna Nagar East, Chennai – 600040, Tamil Nadu, India
Date of Birth/Age :	29.03.1968
Date of Appointment :	24.05.2006
DIN No.:	00766086

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U45201TN1996PTC036301	EBRAHIM SONS FOUNDATIONS PRIVATE LIMITED	Director	12-08-96	12-08-96	Amalgamated	NO
2	U17221TN1997PTC037350	WOOLTOP DESIGNS PRIVATE LIMITED	Director	29-11-04	29-11-04	Active	NO
3	U45201TN1997PTC038856	H.A.R. ENTERPRISES PRIVATE LIMITED	Director	09-02-06	09-02-06	Amalgamated	NO
4	U18101TN2006PTC058983	CLOTHESLINE & COLOURS APPARELS PRIVATE LIMITED	Director	23-02-06	23-02-06	Active	NO
5	U18101TN2006PTC059850	EBRAHIM APPARELS PRIVATE LIMITED	Director	15-05-06	15-05-06	Active	NO
6	U18101TN2000PTC060136	A-I ENTERPRISES PRIVATE LIMITED	Director	24-05-06	24-05-06	Active	NO
7	U55101TN2005PTC055870	A.R. PROPERTY DEVELOPERS PRIVATE LIMITED	Director	02-04-07	02-04-07	Active	NO
8	U18101TN2004PTC054757	CENTIGRADE APPARELS PRIVATE LIMITED	Director	14-06-07	14-06-07	Active	NO

Name :	Mr. Adil Azeez
Designation :	Director
Address :	No. 14/2, Wellington Street, Richmond Town, Bangalore - 560025, Karnataka, India
Date of Birth/Age :	28.12.1974
Date of Appointment :	24.05.2006
DIN No.:	00765841

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U45201TN1996PTC036301	EBRAHIM SONS FOUNDATIONS PRIVATE LIMITED	Director	29-11-04	29-11-04	Amalgamated	NO
2	U17221TN1997PTC037350	WOOLTOP DESIGNS PRIVATE LIMITED	Director	29-11-04	29-11-04	Active	NO
3	U45201TN1997PTC038856	H.A.R. ENTERPRISES PRIVATE LIMITED	Director	09-02-06	09-02-06	Amalgamated	NO
4	U18101TN2006PTC059850	EBRAHIM APPARELS PRIVATE LIMITED	Director	15-05-06	15-05-06	Active	NO
5	U18101TN2000PTC060136	A-I ENTERPRISES PRIVATE LIMITED	Director	24-05-06	24-05-06	Active	NO
6	U64200KA2007PTC044648	AMSONS TELECOM INDIA PRIVATE LIMITED	Whole-time director	12-12-07	12-12-07	Active	NO

Name :	Mr. Mohamed Riyaz
Designation :	Director
Address :	Block No. T-59, Anna Nagar East, Chennai – 600040, Tamil Nadu, India
Date of Birth/Age :	15.05.1978
Date of Appointment :	24.05.2006
DIN No.:	00769985

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U72300TN1998PTC041143	AI CORPORATE SOLUTIONS PRIVATE LIMITED	Director	29-09-01	29-09-01	Active	NO
2	U17221TN1997PTC037350	WOOLTOP DESIGNS PRIVATE LIMITED	Director	29-11-04	29-11-04	Active	NO
3	U45201TN1997PTC038856	H.A.R. ENTERPRISES PRIVATE LIMITED	Director	09-02-06	09-02-06	Amalgamated	NO
4	U18101TN2000PTC060136	A-I ENTERPRISES PRIVATE LIMITED	Director	24-05-06	24-05-06	Active	NO
5	U18101TN2006PTC059850	EBRAHIM APPARELS PRIVATE LIMITED	Director	01-08-06	01-08-06	Active	NO
6	U17121TN2007PTC063972	AREEBA CLOTHING PRIVATE LIMITED	Director	15-06-07	15-06-07	Active	NO

Name :	Mr. Azeem Azeez
Designation :	Director
Address :	No. 14/2, Wellington Street, Richmond Town, Bangalore - 560025, Karnataka, India
Date of Birth/Age :	13.10.1983
Date of Appointment :	24.05.2006
DIN No.:	00765875

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U45201TN1997PTC038856	H.A.R. ENTERPRISES PRIVATE LIMITED	Director	09-02-06	09-02-06	Amalgamated	NO
2	U18101TN2000PTC060136	A-I ENTERPRISES PRIVATE LIMITED	Director	24-05-06	24-05-06	Active	NO
3	U18101TN2006PTC059850	EBRAHIM APPARELS PRIVATE LIMITED	Director	01-08-06	01-08-06	Active	NO
4	U64200KA2007PTC044648	AMSONS TELECOM INDIA PRIVATE LIMITED	Whole-time director	12-12-07	12-12-07	Active	NO

Name :	Mr. Mohammad Habib
Designation :	Director
Address :	Block No. T-59, Anna Nagar East, Chennai – 600040, Tamil Nadu, India
Date of Birth/Age :	23.12.1970
Date of Appointment :	24.05.2006
DIN No.:	00769869

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U17121TN2004PTC052771	A.PLUS EXPORTS PRIVATE LIMITED	Director	18-03-04	18-03-04	Active	NO
2	U17221TN1997PTC037350	WOOLTOP DESIGNS PRIVATE LIMITED	Director	29-11-04	29-11-04	Active	NO
3	U45201TN1997PTC038856	H.A.R. ENTERPRISES PRIVATE LIMITED	Director	09-02-06	09-02-06	Amalgamated	NO
4	U18101TN2000PTC060136	A-I ENTERPRISES PRIVATE LIMITED	Director	24-05-06	24-05-06	Active	NO
5	U18101TN2006PTC059850	EBRAHIM APPARELS PRIVATE LIMITED	Director	01-08-06	01-08-06	Active	NO

Name :	Mr. Nagore Abdul Majeed
Designation :	Director
Address :	No. 98, V Block, 5^th Main Road, Anna Nagar East, Chennai – 600040, Tamil Nadu, India
Date of Birth/Age :	02.06.1932
Date of Appointment :	08.08.2008
DIN No.:	01537993

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U55101TN2005PTC055870	A.R. PROPERTY DEVELOPERS PRIVATE LIMITED	Director	04-04-05	04-04-05	Active	NO
2	U45201TN1997PTC038857	H.A.R. MOHAMED & SONS PRIVATE LIMITED	Director	01-12-05	01-12-05	Amalgamated	NO
3	U28994TN2006PTC061324	AZMAR TRADING COMPANY PRIVATE LIMITED	Director	16-10-06	16-10-06	Active	NO
4	U51909TN2008PTC068638	A.R.TELECOM PRIVATE LIMITED	Director	22-07-08	22-07-08	Active	NO
5	U18101TN2000PTC060136	A-I ENTERPRISES PRIVATE LIMITED	Director	22-09-08	08-08-08	Active	NO
6	U63020TN2009PTC073723	A.R.COLD STORAGE PRIVATE LIMITED	Director	30-11-09	30-11-09	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 27.09.2011

Names of Shareholders	No. of Shares
H E Abdul Azeez	1964731
Haji Iqbal H E	460000
Haroon Mohamed H E	50000
Azra Haroon	25000
Imran Haron	25000
Imtiaz H A Sattar	107374
Fareeda Azeez	180000
Mohamed Asif	183113
Mohamed Habib	180000
Mohammed Riyaz	180000
Adil Azeez	180000
Azeem Azeez	180000
Saleem Mohammed	180000
Saleh Mohammed	1148
Anjum Imtiaz	7374
Total	3903740

As on 27.09.2011

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	92.00
Other top fifty shareholders	8.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Exporter of Garments.
Product:	Knitted Garments Woven Garments

PRODUCTION STATUS (As on 31.03.2011)

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Garments	Pcs	NA	NA	6524315

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

UCO Bank, MID Corporate Branch, 328, Thambu Chetty Street, 3rd Floor, Chennai - 600001, Tamil Nadu, India

Facilities :

Secured Loans	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Rupee term loans	123.443	78.007
Working capital loans	383.060	196.341
Total	506.503	274.348
Unsecured Loans	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
From Director	90.576	184.460
Total	90.576	184.46

Banking Relations :	--
Auditors :
Name :	B Muralidharan Chartered Accountant
Address :	226, Thiruvenkitaswamy Road East, Behind Abilasha Garments, R S Puram, Coimbatore – 641002, Tamil Nadu, India
PAN No.:	ADJPM1039P
Associates/Subsidiaries :	AAK Kay Apparels Private Limited Centigrade Apparels Private Limited MF Textiles Private Limited Wooltop Designs Private Limited Hajee Ebrahim HAR Trust A Plus Exports (P) Limited

CAPITAL STRUCTURE

(AS ON 31.03.2011 )

Authorised Capital :

No. of Shares	Type	Value	Amount
4350000	Equity Shares	Rs. 10/- each	Rs. 43.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
3903740	Equity Shares	Rs. 10/- each	Rs. 39.037 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		39.037	38.300	38.300
2] Share Application Money		0.000	0.737	0.000
3] Reserves & Surplus		290.678	263.050	222.147
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		329.715	302.087	260.447
LOAN FUNDS
1] Secured Loans		506.503	274.348	236.333
2] Unsecured Loans		90.576	184.460	121.906
TOTAL BORROWING		597.079	458.808	358.239
DEFERRED TAX LIABILITIES		21.807	23.140	31.563
TOTAL		948.601	784.035	650.249
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		458.569	456.424	362.908
Capital work-in-progress		36.741	13.843	0.000
INVESTMENT		7.696	7.696	7.696
DEFERREX TAX ASSETS		0.000	0.000	7.038
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	129.841	160.579	64.737
	Sundry Debtors	393.958	254.511	284.780
	Cash & Bank Balances	13.438	21.058	23.247
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	187.718	202.346	174.529
Total Current Assets		724.955	638.494	547.293
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	83.273	96.427	70.733
	Other Current Liabilities	111.895	114.851	111.396
	Provisions	84.201	121.156	92.572
Total Current Liabilities		279.369	332.434	274.701
Net Current Assets		445.586	306.060	272.592
MISCELLANEOUS EXPENSES		0.009	0.012	0.015
TOTAL		948.601	784.035	650.249

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Sales and Operating Income	2059.823	1891.968	1847.384
		Income from Wind Mills	5.066	5.719	4.711
		Other Income	167.849	163.639	181.613
		TOTAL (A)	2232.738	2061.326	2033.708
Less	EXPENSES		2109.158	1924.666	1867.262
		TOTAL (B)	2109.158	1924.666	1867.262
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		123.580	136.660	166.446
Less	FINANCIAL EXPENSES (D)		38.418	20.004	21.344
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		85.162	116.656	145.102
Less/ Add	DEPRECIATION/ AMORTISATION (F)		43.239	42.476	42.585
	PROFIT BEFORE TAX (E-F) (G)		41.923	74.180	102.517
Less	TAX (H)		14.294	35.050	38.849
	PROFIT AFTER TAX (G-H) (I)		27.629	39.130	63.668
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		249.271	210.141	146.473
	BALANCE CARRIED TO THE B/S		276.900	249.271	210.141
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	1986.147	1821.118	0.018
	TOTAL EARNINGS		1986.147	1821.118	0.018
	Earnings Per Share (Rs.)		7.08	10.22	16.62

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	1.24	1.90	3.13
Net Profit Margin (PBT/Sales)	(%)	2.04	3.92	5.54
Return on Total Assets (PBT/Total Assets}	(%)	3.54	6.77	11.26
Return on Investment (ROI) (PBT/Networth)		0.13	0.25	0.39
Debt Equity Ratio (Total Liability/Networth)		2.72	2.70	2.43
Current Ratio (Current Asset/Current Liability)		2.59	1.92	1.99

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	No
Name of Person Contacted	No
Designation of Contact person	No
Turnover of Firm for last three years	Yes
Profitability for last three years	Yes
Reasons for variation <> 20%	-------------
Estimation for coming financial year	No
Capital in the business	Yes
Details of sister concerns	Yes
Major Suppliers	No
Major Customers	No
Payments Terms	No
Export/ Imports Details (If applicable)	No
Market Information	------------
Litigations that the firm/ Promoters Involved in	------------
Banking details	Yes
Banking Facility Details	Yes
Conduct of the Banking Account	--------------
Buyer visit details	-----------
Financials, if provided	Yes
Incorporation details is applicable	Yes
Last Accounts filed at ROC	Yes
Major Shareholders, if available	Yes

NOTE:

The registered office of the company has been shifted from No. 111, Poonuragam Road, West R.S., Puram, Coimbatore – 641002, Tamil Nadu, India to the present address w.e.f. 17.05.2006.

REVIEW OF OPERATION

During the year the Company achieved a turnover of Rs. 2232.738 Millions as against Rs. 2061.326 Millions during the previous year. Inspite of increased turnover, Net profit was lower at Rs. 41.923 Millions as against Rs. 74.180 Millions due to increased cost of raw materials and other input costs. Barring unforeseen circumstances the directors hope to achieve satisfactory results for the Current Year.

AMALGAMATION OF THE COMPANY:-

The Scheme of Amalgamation for merger of Ebrahim Sons Foundation Private Limited, Ebrahim Enterprises Private Limited, HAR Mohammaed and Sons Private Limited and HAR , Enterprises Private Limited with the Company was approved by the High Court of Madras in Company Petition No. 179 to 183 2010 vide order dt. 16^th September 2010. The Scheme is effective from 01.04.2009 as per appointed day fixed under the Scheme. The Scheme of Amalgamation has been given effect in the accounts of the Company for the financial year 2009-10. The Scheme is beneficial to the Company in achieving higher level of production and profits, by reaching greater scale of economy.

FUTURE PROSPECTS

The Company is making continuous efforts to increase the production and sale of Garments to different countries to achieve higher level of sales with increased margin. Barring unforeseen circumstances the directors are optimistic in achieving better results in the current year.

SHARE CAPITAL

As at the close of the year, the paid up share capital of the company stood at Rs. 39.037 Millions.

Form 8

Corporate identity number of the company	U18101TN2000PTC060136
Name of the company	A-I ENTERPRISES PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	F-41/A, Anna Nagar East, Chennai – 600040, Tamilnadu, India
This form is for	Modification of charge
Charge identification number of the modified	90290419
Type of charge	Immovable Property Book Debts Movable Property Floating Charge
Particular of charge holder	Uco Bank, Mid Corporate Branch, 328, Thambu Chetty Street, Chennai - 600001, Tamil Nadu, India Email: bo.ibbchn@ucobank.co.in
Date of instrument Creating the charge	22.10.2011
Amount secured by the charge	Rs. 727.100 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest As determined by the Banker from time to time. Terms of Repayment As determined by the banker from time to time Margin As determined by the banker from time to time
Whether any of the property or interest therein under reference is not registered in the name of the company. If yes, in whose name it is registers	A Plus Exports Private Limited
Date of latest modification prior to the present modification	01.02.2011
Particulars of the present modification	The amount secured by this charge has been enhanced / modified from Rs. 602.900 Millions to Rs. 727.100 Millions. All other terms and conditions of the original charge and subsequent modification remains the unchanged.

FIXED ASSETS:

• Land
• Building
• Plant and Machinery
• Computers
• Electrical Installation
• Air Conditioner
• Furniture and Fittings
• Office Equipments
• Motor Car
• Motor Vehicles
• Cycle
• Lab Equipments
• Tools

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. 54.88
UK Pound	1	Rs. 86.84
Euro	1	Rs. 70.20

INFORMATION DETAILS

Report Prepared by :

ACH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
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	6
--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	Yes
--AFFILIATION	YES/NO	No
--LISTED	YES/NO	No
--OTHER MERIT FACTORS	YES/NO	Yes
TOTAL		47

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.