MIRA INFORM REPORT

Report Date :

30.05.2012

IDENTIFICATION DETAILS

Name :	DHARIWAL INDUSTRIES LIMITED (w.e.f 07.11.1988) MANIKCHAND PACKAGING LIMITED (A DIVISION OF DHARIWAL INDUSTRIES LIMITED)
Formerly Known As :	DHARIWAL TOBACCO PRODUCTS PRIVATE LIMITED
Registered Office :	Plot 100/100, D. Kennedy Road, Pune – 411001, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	07.11.1988
Com. Reg. No.:	11-049549
Capital Investment / Paid-up Capital :	Rs.102.000 Millions
CIN No.: [Company Identification No.]	U28999PN1988PTC049549
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer, Exporter of Tobacco Tobacco Products, Food Packaging Products.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (48)

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

Maximum Credit Limit :	USD 12000000
Status :	Satisfactory
Payment Behaviour :	Regular
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 regular 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

INFORMATION DECLINED BY

Name :	Mr. Panse
Designation :	Account Manager
Contact No.:	91-20-26057099
Date :	28.05.2012

LOCATIONS

Registered / Corporate Office :	Plot 100/100, D. Kennedy Road, Pune – 411001, Maharashtra, India
Tel. No.:	91-20-26056099
Fax No.:	91.20-26051377
E-Mail :	pms@manikchandgroup.com corporate@manikchangroup.com dilpng@manikchangroup.com
Website :	http://www.manikchandgroup.com
Factory 1:	Gat No. 1524, Saradwadi, Plot No. 1524 Shirur (Ghodnadi), Pune – 412210, Maharashtra, India
Factory 2:	Nh. No.8, Fazalpur Post Rayka, Vadodara- 391 340, Gujarat, India
Tel. No.:	91-265-2841002/2841003
Fax No.:	91-265-2840144

DIRECTORS

As on 30.09.2011

Name :

Mr. Rasiklal Manikchand Dhariwal

Designation :

Director

Address :

64, Koregaon Park, Pune - 411001, Maharashtra, India

Date of Birth/Age :

01.03.1939

Date of Appointment :

07.11.1988

DIN No.:

00029638

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	U25209MH1960PTC011914	KHOSLA PLASTICS PRIVATE LIMITED	Director	9/08/1986	9/08/1986	-	Active	NO
2	U28910MH1962PTC012371	KHOSLA METAL POWDERS PRIVATE LIMITED	Director	9/08/1986	9/08/1986	-	Active	NO
3	U28999PN1988PTC049549	DHARIWAL INDUSTRIES LIMITED	Director	7/11/1988	7/11/1988	-	Active	NO
4	U70101MH1994PTC076915	MANIKCHAND PROMOTERS AND DEVELOPERS PRIVATE LIMITED	Director	16/02/1997	16/02/1997	-	Active	NO
5	U31019MH1987PTC043013	MANIKCHAND NANDADEEP PAPER PRODUCTS PRIVATE LIMITED	Director	9/12/1998	9/12/1998	-	Active	NO
6	U91110GJ1999PTC036433	DHARIWAL AND DOSHI INDUSTRIES PRIVATE LIMITED	Director	17/08/1999	17/08/1999	-	Active	NO
7	U16009AS1999PTC005937	VISION INDUSTRIES PRIVATE LIMITED	Director	5/03/2002	5/03/2002	-	Active	NO
8	U45201KA2001PTC028456	L AND C CONSTRUCTION PRIVATE LIMITED	Director	21/08/2006	21/08/2006	-	Active	NO
9	U74999MH2007NPL168975	JAIN INTERNATIONAL TRADE ORGANISATION	Director	11/12/2010	3/04/2007	-	Active	NO
10	U45201PN1995PTC085146	MURLI REALTORS PRIVATE LIMITED	Director	12/05/2007	12/05/2007	-	Active	NO
11	U80301MH2008NPL185420	JITO ADMINISTRATIVE TRAINING FOUNDATION	Director	4/08/2008	4/08/2008	-	Active	NO
12	U15203PN2009PLC133337	DHARIWAL SAIEE AQUA FOODS AND BEVERAGES LIMITED	Director	9/01/2009	9/01/2009	-	Active	NO
13	U45200PN2009PTC133742	DHARIWAL AND CHHORIYA BUILDCON PRIVATE LIMITED	Director	2/04/2009	2/04/2009	-	Active	NO
14	U45200PN2012PTC142434	RMD BUILDCON PRIVATE LIMITED	Director	1/03/2012	1/03/2012	-	Active	NO

Name :

Mr. Prakash Rasiklal Dhariwal

Designation :

Director

Address :

“Aashirwad” M.G. Road, Aadat Bazaar, At And Post Ghodnadi, Shirur, Pune -412210, Maharashtra, India

Date of Birth/Age :

07.03.1964

Date of Appointment :

07.11.1988

DIN No.:

00029496

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	U25209MH1960PTC011914	KHOSLA PLASTICS PRIVATE LIMITED	Director	12/08/1986	12/08/1986	-	Active	NO
2	U28910MH1962PTC012371	KHOSLA METAL POWDERS PRIVATE LIMITED	Director	12/08/1986	12/08/1986	-	Active	NO
3	U28999PN1988PTC049549	DHARIWAL INDUSTRIES LIMITED	Managing director	1/06/2009	7/11/1988	-	Active	NO
4	U45201PN1987PTC044248	SAI CONSTRUCTION PRIVATE LIMITED	Director	28/04/1995	28/04/1995	-	Active	NO
5	U70101MH1994PTC076915	MANIKCHAND PROMOTERS AND DEVELOPERS PRIVATE LIMITED	Director	16/02/1997	16/02/1997	-	Active	NO
6	U31019MH1987PTC043013	MANIKCHAND NANDADEEP PAPER PRODUCTS PRIVATE LIMITED	Director	9/12/1998	9/12/1998	-	Active	NO
7	U91110GJ1999PTC036433	DHARIWAL AND DOSHI INDUSTRIES PRIVATE LIMITED	Director	17/08/1999	17/08/1999	-	Active	NO
8	U16009AS1999PTC005937	VISION INDUSTRIES PRIVATE LIMITED	Director	5/03/2002	5/03/2002	-	Active	NO
9	U45201KA2001PTC028456	L AND C CONSTRUCTION PRIVATE LIMITED	Director	21/08/2006	21/08/2006	-	Active	NO
10	U70109WB2006PLC111457	DHARIWAL INFRASTRUCTURE LIMITED	Director	3/10/2006	3/10/2006	27/08/2009	Active	NO
11	U45201PN1995PTC085146	MURLI REALTORS PRIVATE LIMITED	Director	12/05/2007	12/05/2007	-	Active	NO
12	U40104WB2008PTC130577	DHARIWAL POWER & ALLOYS PRIVATE LIMITED	Director	15/11/2008	15/11/2008	-	Active	NO
13	U15203PN2009PLC133337	DHARIWAL SAIEE AQUA FOODS AND BEVERAGES LIMITED	Director	9/01/2009	9/01/2009	-	Active	NO
14	U45200PN2009PTC133742	DHARIWAL AND CHHORIYA BUILDCON PRIVATE LIMITED	Director	2/04/2009	2/04/2009	-	Active	NO
15	U26940WB2008PTC124160	VISION CEMENTS PRIVATE LIMITED	Director	11/09/2009	21/07/2009	-	Active	NO
16	U45400JK2011PTC003359	CRESCENT COMMERCIAL DEVELOPERS PRIVATE LIMITED	Director	16/08/2011	16/08/2011	-	Active	NO

Name :

Mr. Balkrishnan Shanmugham Chettier

Designation :

Director

Address :

1121 Lakaki Road, Sai Shraddha Model Colony, Deccan Gymkhana, F C Road Chowk, Pune – 411016, Maharashtra, India

Date of Birth/Age :

04.04.1944

Date of Appointment :

28.03.2001

DIN No.:

00903997

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	U45201PN1987PTC044248	SAI CONSTRUCTION PRIVATE LIMITED	Managing director	30/07/1987	30/07/1987	-	Active	NO
2	U31019MH1987PTC043013	MANIKCHAND NANDADEEP PAPER PRODUCTS PRIVATE LIMITED	Director	9/12/1998	9/12/1998	-	Active	NO
3	U55101PN2001PTC015839	SAI HOLIDAY RESORTS AND SPA PRIVATE LIMITED	Director	6/02/2001	6/02/2001	-	Active	NO
4	U28999PN1988PTC049549	DHARIWAL INDUSTRIES LIMITED	Director	28/03/2001	28/03/2001	-	Active	NO
5	U72200PN2003PTC018225	SOLUTIIONEYES CONSULTANCY SERVICESS PRIVATE LIMITED	Director	1/10/2011	8/08/2003	-	Active	NO
6	U15203PN2009PLC133337	DHARIWAL SAIEE AQUA FOODS AND BEVERAGES LIMITED	Director	9/01/2009	9/01/2009	-	Active	NO

Name :

Mr. Madan Chandwal Dhadiwal

Designation :

Director

Address :

3, Aashirwad, Anand Colony, Burudgaon Station Road, Ahmednagar, Pune - 414001, Maharashtra, India

Date of Birth/Age :

21.03.1950

Date of Appointment :

01.03.2005

DIN No.:

00978709

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	U25209MH1960PTC011914	KHOSLA PLASTICS PRIVATE LIMITED	Director	6/09/2004	6/09/2004	-	Active	NO
2	U28910MH1962PTC012371	KHOSLA METAL POWDERS PRIVATE LIMITED	Director	6/09/2004	6/09/2004	-	Active	NO
3	U28999PN1988PTC049549	DHARIWAL INDUSTRIES LIMITED	Director	1/03/2005	1/03/2005	-	Active	NO

Name :

Mr. Satish Motilal Chopda

Designation :

Director

Address :

543, Sindh Housing Society, Aundh, Pune - 411007, Maharashtra, India

Date of Birth/Age :

19.04.1957

Date of Appointment :

30.07.2004

DIN No.:

00978946

Name :

Mr. Hiralal Hanumanbagus Malu

Designation :

Director

Address :

Sharyu 171 Mukundnagar, Lane No 9, Pune – 411037, Maharashtra, India

Date of Birth/Age :

02.03.1937

Date of Appointment :

11.02.1994

DIN No.:

02146967

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	U28999PN1988PTC049549	DHARIWAL INDUSTRIES LIMITED	Director	11/02/1994	11/02/1994	-	Active	NO
2	U31019MH1987PTC043013	MANIKCHAND NANDADEEP PAPER PRODUCTS PRIVATE LIMITED	Director	9/12/1998	9/12/1998	-	Active	NO
3	U91110GJ1999PTC036433	DHARIWAL AND DOSHI INDUSTRIES PRIVATE LIMITED	Director	17/08/1999	17/08/1999	-	Active	NO

KEY EXECUTIVES

Name :	Mrs. Pabitra Mohan Swain.
Designation :	Secretary
Address :	B-4, 1st Floor, Kapre Height, Anand Nagar, Pune – 411051, Maharashtra, India
Date of Birth/Age :	16.02.1970
Date of Appointment :	23.04.2007
Name :	Mr. Panse
Designation :	Account Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Rasiklal Manikchand Dhariwal	65116
Prakash Rasiklal Dhariwal	750008
Rasiklal Manikchand Dhariwal-HUF	9039886
Jagdish Mohanlal Joshi	25000
Kamala Rasiklal Dhariwal	100000
Shobha Rasik Dhariwal	100000
Dina Prakash Dhariwal	100000
Prakash Rasik Dhariwal	20010
Gaurang R. Thakore	06
Jigna Gaurang Thakore	06
Ajit Baburao Jain	06
Hiralal Hanumanbagus Malu	06
Satish M. Dhadiwal	06
Total	10200050

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2011

Category	Percentage
Directors or relatives of Directors	99.75
Other top fifty shareholders	0.25
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer, Exporter of Tobacco Tobacco Products, Food Packaging Products.

PRODUCTION STATUS As on 31.03.2011

Particulars	Unit	Installed Capacity	Actual Production
Pan Masala / Gutkha	Kgs	NA	3006079
Preforms	No	207374265	NA
Packaged Drinking Water	Litres	72600000	NA
Printed Posters, Wrappers & Cartons	Litres	NA	446989
Packaging Division- Laminates	Units	1000000	1542663
Electrical Division	Kgs	NA	261482

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Corporate Bank, Aditi Commerce Centre, General Thimayya Road, Camp, Pune – 411001, Maharashtra, India

· Mahesh Sahakari Bank Limited, Nana Peth Branch, Pune 411002, Maharashtra, India

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

Facilities :

(Rs. in Millions)

Secured Loan	As on 31.03.2011	As on 31.03.2010
Rupee term loans banks secured	929.161	726.131
Working capital loans banks secured	28.921	0.000
Total	958.082	726.131
Secured Loan	As on 31.03.2011	As on 31.03.2010
Deferred sales tax loan unsecured	(A) 109.733	124.043
Total	109.733	124.043
Note: (A) Includes Deferred Sales Tax Liability - SICOM, Deferred Sales Tax Liability - DIC and Deferred Sales Tax Liability – WMP.

Banking Relations :	--
Auditors :
Name :	SNK and Company Chartered Accountant
Address :	F-2-B, 4th Floor, The Fifth Avenue,Dhole Patil Road, Pune – 411001, Maharashtra, India
PAN.:	AAJFS8455L
Subsidiaries :	Dhariwal Saiee Aqua Foods and Beverages Limited, India (CIN: U15203PN2009PLC133337)
Entities where KMP/ relatives of KMP have significant influence:	Manikchand Nandadeep Paper Products Private Limited Khosla Plastics Private Limited Hyderabad Roller Flour Mills Company Limited Creative Plastics Shree Ganesh Tobacco Company Dhariwal and Doshi Industries Private Limited

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
25000000	Equity Shares	Rs.10/- each	Rs.250.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10200050	Equity Shares	Rs.10/- each	Rs.102.000 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		102.000	102.000	102.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		3095.931	3067.287	2279.384
4] (Accumulated Losses)		0.000	0.0000	0.000
NETWORTH		3197.931	3169.287	2381.384
LOAN FUNDS
1] Secured Loans		958.082	726.131	94.131
2] Unsecured Loans		109.733	124.043	126.263
TOTAL BORROWING		1067.815	850.174	220.394
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		4265.746	4019.461	2601.778
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		2268.262	1989.419	1085.628
Capital work-in-progress		120.715	191.085	0.000
INVESTMENT		677.546	442.841	469.209
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	523.262	654.612	609.146
	Sundry Debtors	274.399	350.446	382.365
	Cash & Bank Balances	317.583	428.368	183.958
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	777.642	686.650	576.460
Total Current Assets		1892.886	2120.076	1751.929
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	479.055	430.465	325.577
	Other Current Liabilities	182.103	228.975	199.487
	Provisions	32.505	64.520	179.924
Total Current Liabilities		693.663	723.960	704.988
Net Current Assets		1199.223	1396.116	1046.941
MISCELLANEOUS EXPENSES		0.000	0.0000	0.000
TOTAL		4265.746	4019.461	2601.778

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
	Income
	Other Income
	TOTAL		2987.024	3141.994	2525.855
Less	EXPENSES
	Office Expenses
	Administrative Expenses
	Advertising Expenses
	TOTAL		2631.895	2112.439	2009.202 (Including Depreciation and Financial)
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		355.129	1029.555	--
Less	FINANCIAL EXPENSES		96.378	7.504	--
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		258.751	1022.051	--
Less/ Add	DEPRECIATION/ AMORTISATION		230.046	106.415	--
	PROFIT BEFORE TAX		28.705	915.636	516.654
Less	TAX		1.062	127.732	190.000
	PROFIT AFTER TAX		27.643	787.904	326.654
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		2233.174	1445.271	--
	BALANCE CARRIED TO THE B/S		2260.817	2233.174	--
	IMPORTS
		Raw Materials	42.829	1.997	NA
		Capital Goods	15.463	0.000	NA
	TOTAL IMPORTS		58.292	1.997	NA
	Earnings Per Share (Rs.)		2.71	77.25	32.02

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.93	25.08	12.93
Return on Total Assets (PBT/Total Assets}	(%)	1.52	43.19	29.49
Return on Investment (ROI) (PBT/Networth)		0.00	0.29	0.22
Debt Equity Ratio (Total Liability/Networth)		0.22	0.23	0.30
Current Ratio (Current Asset/Current Liability)		2.73	2.93	2.49

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	No
8) No. of employees	No
9) Name of person contacted	Yes
10) Designation of contact person	Yes
11) Turnover of firm for last three years	Yes
12) Profitability for last three years	No
13) Reasons for variation <> 20%	--
14) Estimation for coming financial year	No
15) Capital in the business	Yes
16) Details of sister concerns	Yes
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

ANNUAL ACCOUNTS:

The Profit and Loss Account for the year ended on 31st March 2011 shows a Net Profit of Rs.27.643 Millions after a provision for depreciation of Rs.230.046 Millions Still Directors are giving maximum emphasis to generate more revenue in the coming years.

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U28999PN1988PTC049549
Name of the company	DHARIWAL INDUSTRIES LIMITED
Address of the registered office or of the principal place of business in India of the company	Plot 100/100, D. Kennedy Road, Pune – 411001, Maharashtra, India Email: pms@manikchandgroup.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10212442
Type of charge	Immovable property Movable property (not being pledge)
Particular of charge holder	Corporate Bank, Aditi Commerce Centre, General Thimayya Road, Camp, Pune – 411001, Maharashtra, India Email: cb132@corpbank.co.in
Nature of instrument creating charge	Memorandum of deposit of title deeds
Date of instrument Creating the charge	20.11.2011
Amount secured by the charge	Rs.720.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Base Rate +2.50 % p.a. i.e 13.85% p.a. at present. Terms of Repayment Not to exceed 93 months including initial morotorium period of 9 months in 28 quarterly installments of Rs.29.071 Millions, other terms and conditions as per the agreement Margin 26% Extent and Operation of the charge Exclusive charge on plant and machinery, residential apartments (2), receivable from wind power sale at rajasthan, properties at shirur, poperties as mentioned in annexure to the present agreement.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Non Agricultural Land Bearing Gat No 1297/1 Totally Adm 0 H 84 R Situated At Village Shirur Dist Pune Non Agricultural Land Bearing Gat No 1297/1 Totally Adm 0 H 84 R Situated At Village Shirur Dist Pune Apt 1, Totally Adm Abt 112.91 Sq Mtrs On Stilt Floor Of The Bldg Puneet Apt, At Plot No 493/A/3, Cts 118/A/3, T P Scheme No 1, Bhamburda Entire movable assets of the company including wind mills at Rajasthan, Pl and Machinery spares, tools, accessories, dies and moulds, electrical installation etc. Sale proceeds of Wind Power Rajasthan Project Additional Property land No.126, admeasuring 733 sq yards equivalent to 612.7 sq meters and Plot No. 126 admeasuring AC- 1-03 Gats with building and erected shed standing thereon in all, situated at Mallapur, Uppal Mandal, Ranga Reddy District, Hyderabad. EMG on Wind Mill project land situated at village Mokla, Sonu, Serawa, Selat and Habur Tehsil and District Jaisalmer (Rajasthan) total area of 2 plots admeasuring 3062.05 Bigha and 3946.07 Bigha. Memorandum of Deposit of title deed executed on 18.12.2011
Date of instrument modifying the charge	23.06.2010
Particulars of the present modification	By this modification, EMG created on Wind Mill project land situated at village Mokla, Sonu, Serawa, Selat and Habur Tehsil and District Jaisalmer (Rajasthan) total area of 2 plots admeasuring 3062.05 Bigha and 3946.07 Bigha is registered with ROC along with continuation of charges on the existing securities. The Amount of charge was reduced from Rs. 814.000 Millions to Rs. 720.000 Millions by cancellation of unitized limit.

FIXED ASSETS

· Land (Freehold)

· Factory Building

· Plant and Machinery

· Car and Motors

· Electric installations

· Lab Equipments

· Office Equipments

· Computers

· Air Conditioners

· Furniture and Fixture

· Heavy Vehicles

· Light Vehicles

· Two Wheelers

· Mobile Phone

· Tools and Equipments

AS PER WEBSITE DETAILS

COMPANY PROFILE

Manikchand Group was established over six decades ago with the singular vision of achieving absolute leadership through continuous excellence and steadfast commitement. Today with a business that encompasses 12 industries, and presence across three continents, the Group has manifested this vision, and is poised to soar even higher. Their business ventures include the revolutionary to the trendsetting; the innovative to the ingenious. The Group has leadership position across the industries with one of the widest and varied port folios in the industry.

Aiming higher and dreaming bigger, to achieve excellence is what makes successful leaders stand out. Today, Manikchanf Group has soares in its wings of vision and foresight reaching an undisputed position of leadership achieved through innovation and initiative.

The Group enjoys a unique pride of place amidst the country’s corporate horizon. A dynamic approach, combined with intimitable business acumen, has resulted in a business that encompasses a wide range of products and services each one a ground-breaking venture. As they envision the road ahead the Group is poised to attain further highs through growth paths designed to take the flight into the future.

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.55.58
UK Pound	1	Rs.87.14
Euro	1	Rs.69.73

INFORMATION DETAILS

Information Gathered by :	SVA
Report Prepared by :	KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		48

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.