MIRA INFORM REPORT

Report Date :

02.11.2012

IDENTIFICATION DETAILS

Name :	CLAY CRAFT INDIA PRIVATE LIMITED
Registered Office :	B-12, M.G. D Market, Tripolia Bazar, Jaipur – 302002, Rajasthan
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	31.10.1988
Com. Reg. No.:	17-4677
Capital Investment / Paid-up Capital :	Rs.32.422 Millions
CIN No.: [Company Identification No.]	U26933RJ1988PTC004677
TAN No.: [Tax Deduction & Collection Account No.]	JPRC00225B/ JPRC02362D
PAN No.: [Permanent Account No.]	AAACC6866D
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of Fine Bone China Products, Dinner Sets, Tea Sets and Coffee Sets etc.
No. of Employees :	800 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (51)

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

Maximum Credit Limit :	USD 490000
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 made 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 – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

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

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	(Term Loan) BB+
Rating Explanation	Moderate risk of default
Date	06.01.2012

Rating Agency Name	CRISIL
Rating	(Bank Guarantee) A4+
Rating Explanation	Minimal degree of safety, it carry very high credit risk.
Date	06.01.2012

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION PARTED BY (General Details)

Name :	Mr. Pradip Kumar Agarwal
Designation :	Director
Contact No.:	91-9929105948
Date :	02.11.2012

LOCATIONS

Registered Office :	B-12, M.G. D Market, Tripolia Bazar, Jaipur – 302002, Rajasthan, India
Tel. No.:	91-141-2261002/ 4107975/ 4107974
Mobile No.:	91-9929105948 (Mr. Pradip Kumar Agarwal)
Fax No.:	91-141-2331734/ 4107972
E-Mail :	decals@claycraftindia.com claycraftindia@hotmail.com sales@claycraftindi.com ppincha@gmail.com
Website :	www.claycraftindia.com
Location :	Owned
Factory and Administrative Office :	F-766 A, Road No.1-D, Vishwa Karma Industrial Area, Jaipur – 302013, Rajasthan, India
Tel. No.:	91-141-4107978/ 4107979/ 2261002/ 4107975
Fax No.:	91-141-2331734/ 4107972
E-Mail :	sales@claycraftindi.com info@claycrftindia.com service@claycraftindia.com

DIRECTORS

(AS ON 30.09.2011)

Name :

Mr. Padam Narain Agarwal

Designation :

Director

Address :

A-4, Mukherji Colony, Shastri Nagar, Jaipur – 302016, Rajasthan, India

Date of Birth/Age :

03.12.1949

Date of Appointment :

31.10.1988

DIN No.:

00492124

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U26933RJ1988PTC004677	CLAY CRAFT INDIA PVT LTD	Director	31/10/1988	31/10/1988	-	Active	NO
2	U67120RJ1993PTC007284	EKLING JI INDUSTRIES PRIVATE LIMITED	Director	24/03/1993	24/03/1993	-	Active	NO
3	U14108RJ2008PTC026485	TOPSTAR MINING PRIVATE LIMITED	Director	05/05/2008	05/05/2008	15/05/2009	Active	NO
4	U26911RJ2009PTC028754	BHARAT TABLEWARE PRIVATE LIMITED	Director	24/04/2009	24/04/2009	-	Active	NO

Name :

Mr. Bharat Agarwal

Designation :

Director

Address :

A-4, Mukherji Colony, Shastri Nagar, Jaipur – 302016, Rajasthan, India

Date of Birth/Age :

10.02.1978

Date of Appointment :

01.12.2008

DIN No.:

00492134

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U26933RJ1994PTC008290	B.CERAMICS PRIVATE LIMITED	Director	23/07/2001	23/07/2001	-	Active	NO
2	U26913RJ1990PLC005290	BHARAT POTTERIES LTD	Director	13/09/2005	13/09/2005	26/02/2010	Active	NO
3	U26933RJ2008PTC026254	CERAMIC TABLEWARE PRIVATE LIMITED	Director	01/05/2008	01/05/2008	22/06/2009	Active	NO
4	U26933RJ1988PTC004677	CLAY CRAFT INDIA PVT LTD	Director	01/12/2008	01/12/2008	-	Active	NO
5	U67120RJ1993PTC007284	EKLING JI INDUSTRIES PRIVATE LIMITED	Director	25/02/2011	25/02/2011	15/04/2011	Active	NO

Name :

Mr. Rajesh Narain Agarwal

Designation :

Director

Address :

A-4, Mukherji Colony, Shastri Nagar, Jaipur – 302016, Rajasthan, India

Date of Birth/Age :

10.02.1956

Date of Appointment :

01.12.2008

DIN No.:

00492137

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U67120RJ1993PTC007284	EKLING JI INDUSTRIES PRIVATE LIMITED	Director	24/03/1993	24/03/1993	-	Active	NO
2	U26914RJ1990PTC005352	CROWN CRAFT (INDIA) PRIVATE LIMITED	Director	20/12/1999	20/12/1999	-	Active	NO
3	U26913RJ1990PLC005290	BHARAT POTTERIES LTD	Director	13/03/2000	13/03/2000	26/02/2010	Active	NO
4	U14101RJ2004PTC019083	TOPSTAR GRANITES PRIVATE LIMITED	Director	10/03/2004	10/03/2004	10/06/2009	Active	NO
5	U26933RJ2008PTC026254	CERAMIC TABLEWARE PRIVATE LIMITED	Whole-time director	01/04/2008	01/04/2008	22/06/2009	Active	NO
6	U26933RJ1988PTC004677	CLAY CRAFT INDIA PVT LTD	Director	01/12/2008	01/12/2008	-	Active	NO
7	U27107RJ1991PTC005885	MAHIMA ENGINEERS PRIVATE LIMITED	Director	06/04/2009	06/04/2009	-	Active	NO
8	U26911RJ2009PTC028754	BHARAT TABLEWARE PRIVATE LIMITED	Director	24/04/2009	24/04/2009	-	Active	NO
9	U14102RJ1996PTC011736	SHARP MINCHEM PVT LTD	Director	28/09/2012	15/11/2011	-	Active	NO
10	U51221RJ1987PTC003854	MECH-CHEM ENGINEERING PRIVATE LIMITED	Director	29/09/2012	23/03/2012	-	Active	NO

Name :

Mr. Vikas Agarwal

Designation :

Director

Address :

A-4, Mukherji Colony, Shastri Nagar, Jaipur – 302016, Rajasthan, India

Date of Birth/Age :

31.12.1976

Date of Appointment :

20.12.1999

DIN No.:

00985596

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U26933RJ1988PTC004677	CLAY CRAFT INDIA PVT LTD	Director	20/12/1999	20/12/1999	Active	NO
2	U26914RJ1990PTC005352	CROWN CRAFT (INDIA) PRIVATE LIMITED	Director	30/10/2000	30/10/2000	Active	NO
3	U15421RJ1981PTC002329	JINDAL CANE CRUSHING INDUSTRIES PVT LTD	Director	20/01/2003	20/01/2003	Active	YES

Name :

Mr. Pradip Kumar Agarwal

Designation :

Director

Address :

Flat No.-201, Dhanshree Tower – I, Central Spine, Vidhyadhar Nagar, Jaipur – 302013, Rajasthan, India

Date of Birth/Age :

27.02.1964

Date of Appointment :

19.10.2009

DIN No.:

02462071

Name :

Mr. Deepak Agarwal

Designation :

Director

Address :

A-17, Mukherji Colony, Shastri Nagar, Jaipur – 302016, Rajasthan, India

Date of Birth/Age :

05.01.1988

Date of Appointment :

01.04.2011

DIN No.:

03311393

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U26914RJ1990PTC005352	CROWN CRAFT (INDIA) PRIVATE LIMITED	Director	01/12/2010	01/12/2010	Active	NO
2	U26933RJ1988PTC004677	CLAY CRAFT INDIA PVT LTD	Director	01/04/2011	01/04/2011	Active	NO
3	U67120RJ1993PTC007284	EKLING JI INDUSTRIES PRIVATE LIMITED	Director	16/05/2011	16/05/2011	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 30.09.2011)

Names of Shareholders	No. of Shares
Padam Narain Agarwal	1850
Rajesh Narain Agarwal	131280
Balkishan Shah	150
Eklingji Industries Private Limited, India	46000
Crown Craft (India) Private Limited, India	10
Asha Rani Agarwal	8580
Usha Rani Agarwal	250
Bharat Agarwal	53900
Vikas Agarwal	45500
Ruchi Agarwal	200
Deepak Agarwal	36500
Total	324220

(AS ON 30.09.2011)

Equity Shares Break – up

Category	Percentage
Bodies corporate	14.19
Directors or relatives of directors	85.76
Other top fifty shareholders	0.05
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of Fine Bone China Products, Dinner Sets, Tea Sets and Coffee Sets etc.
Products :	· Dinner Sets, Coffee Sets, Serving Range, Tea Cups and Saucers, Bud Vases, Fruit Bowls, Dry Fruit Plates, Tumblers, Plates etc. · Mug Collection · Hotel Ware: Plates, Platters, Tea Serving Range, Decorated Plates etc. · Studio line Series: Tea cups and Saucers, Coffee Mugs etc. · Crested Ware and Customized Products
Exports :
Products :	Fine Bone China Products.
Countries :	· UK · Egypt
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

PRODUCTION STATUS (AS ON 31.03.2011)

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Transfer Sheets	Nos	NA	NA	590082
B/C Crockery	--	NA	NA	2149.221

GENERAL INFORMATION

Customers :	Wholesalers and Retailers
No. of Employees :	800 (Approximately)
Bankers :	· Bank of Baroda Specialised SME Branch, Road No. 5, VKI Area, Jaipur - 302013, Rajasthan, India · Bank of Baroda, V K I Branch, Jaipur – 302017, Rajasthan, India · Small Industrial Development Bank of India, 1^st Floor, Umroa Complex, S.C. Road, Jaipur – 302001, Rajasthan, India · HDFC Bank Limited

Banking Relations :	--
Auditors :
Name :	S K Bakliwal and Company Chartered Accountant
Address :	4-B, Second Floor, S-2, Behind Rai Choudhary Hospital, Yudhistar Marg, C- Scheme, Jaipur – 302001, Rajasthan, India
PAN No.:	AAMFS5771N
Other Related Party :	· B. Ceramics Private Limited · Eklingji Industries Private Limited · Crown Craft India Private Limited

CAPITAL STRUCTURE

(AS ON 31.03.2012)

Authorised Capital :

No. of Shares	Type	Value	Amount
350000	Equity Shares	Rs.100/- each	Rs.35.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
324220	Equity Shares	Rs.100/- each	Rs.32.422 Millions

SHARE OUTSTANDING

Particulars	Equity Shares
	Numbers	Rs. In Millions
Share outstanding at the beginning of the year	299220	29.922
Share issued during the year	25000	2.500
Shares outstanding at the end of the year	324220	32.422

SHAREHOLDERS HOLDING MORE THAN 5% SHARES

Particulars	31.03.2012
	No. of Shares held	% of Holding
Rajesh Narain Agarwal	137280	42.34
Eklingji Industries Private Limited	40000	12.34
Bharat Agarwal	53900	16.62
Vikas Agarwal	45500	14.03
Deepak Agarwal	36500	11.26

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2012	31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		32.422	29.922	29.922
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		89.460	70.362	62.611
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		121.882	100.284	92.533
LOAN FUNDS
1] Secured Loans		185.930	155.384	120.076
2] Unsecured Loans				47.415
TOTAL BORROWING		185.930	155.384	167.491
DEFERRED TAX LIABILITIES		29.426	27.239	28.880
TOTAL		337.238	282.907	288.904
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		232.102	188.926	191.670
Capital work-in-progress		2.855	1.010	2.458
INVESTMENT		0.700	1.300	1.500
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	96.002	84.381	83.970
	Sundry Debtors	56.457	51.015	31.031
	Cash & Bank Balances	0.428	0.643	0.718
	Other Current Assets	2.047	1.057	0.000
	Loans & Advances	20.490	14.903	13.990
Total Current Assets		175.424	151.999	129.709
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	22.445	20.891	28.460
	Other Current Liabilities	36.893	30.102	3.836
	Provisions	14.505	9.335	4.133
Total Current Liabilities		73.843	60.328	36.429
Net Current Assets		101.581	91.671	93.276
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		337.238	282.907	288.904

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	Turnover Including Stock		NA	331.765	280.884
	EXPENSES
		TOTAL	NA	NA	NA
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		34.908	16.972	20.447
Less/ Add	DEPRECIATION/ AMORTISATION		10.287	9.462	9.872
	PROFIT BEFORE TAX		24.621	7.510	10.575
Less	TAX		7.023	3.338	8.829
	PROFIT AFTER TAX		17.598	4.172	1.746
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		69.778	65.606	63.860
	BALANCE CARRIED TO THE B/S		87.376	69.778	65.606
	EARNINGS IN FOREIGN CURRENCY		15.387	20.657	21.004
	IMPORTS
		Raw Materials	19.247	22.029	23.943
		Kiln Furniture Import	5.809	1.776	2.714
		Stores and Spares Import	0.302	0.464	1.148
	TOTAL IMPORTS		25.358	24.269	27.805
	Earnings Per Share (Rs.)		54.28	13.94	5.83

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
Return on Total Assets (PBT/Total Assets}	(%)	6.04	2.20	3.29
Return on Investment (ROI) (PBT/Networth)		0.20	0.07	0.11
Debt Equity Ratio (Total Liability/Networth)		2.13	2.15	2.20
Current Ratio (Current Asset/Current Liability)		2.38	2.52	3.56

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	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	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last one 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	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
21]	Market information	-----
22]	Litigations that the firm / promoter involved in	-----
23]	Banking Details	Yes
24]	Banking facility details	No
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
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

FINANCIAL RESULTS:

The Company has earned a profit of Rs.34.908 Millions (Previous Year Profit Rs.16.972 Millions).

OUT LOOK FOR FUTURE:

The Directors anticipate considered growth due to improvement in quality and development of markets is likely to result to increase in turnover and current results.

FORM 8

This form is for	Modification of charge
Charge identification number of the modified	10107572
Corporate identity number of the company	U26933RJ1988PTC004677
Name of the company	Clay Craft India Private Limited
Address of the registered office or of the principal place of business in India of the company	B-12, M.G.D. Market, Tripolia Bazar, Jaipur – 302002, Rajasthan, India claycraftindia@hotmail.com
Type of charge	Immovable Property Book Debts Movable Property Others: CG by Ekling Ji Industries Private Limited
Particular of charge holder	Bank of Baroda Specialised SME Branch, Road No. 5, VKI Area, Jaipur – 302013, Rajasthan, India indjai@bankofbaroda.com
Nature of description of the instrument creating or modifying the charge	Supplemental Composite Instrument of hypothecation of Goods, Book Debts, Moveable Machinery and Vehicles LDOC 17 (C) Memorandum of Entry LDOC (90F) (1). Supplemental Memorandum of Entry (7) LDOC 90G Corporate Guarantee Agreement by Ekling Ji Industries Private Limited Board Resolution. Sanction Letter.
Date of instrument Creating the charge	12.07.2012
Amount secured by the charge	Rs.95.000 Millions
Brief particulars of the principal terms and conditions and extent and operation of the charge	Rate of Interest Interest @ 4.25% over Base Rate i.e. 14.75% p.a. at present with monthly rests subject to change from time to time. Terms of Repayment Repayable on Demand. Margin 25% on Stock. 25% on Book Debts. 10% Cash Margin on Letter of Credit and Bank Guarantee Extent and Operation of the charge The charge will operate as first charge to the extent of Rs.95.000 Millions to secure modified working capital facilities granted to the company by the Bank. The Limit includes:- CC Rs.80.000 Millions Sub Limit PC/FBP/FBD (Rs.12.500 Millions) Stand by working capital limit (SME gold card) Rs.8.000 Millions Inland letter of credit Rs.2.500 Millions Inland BG Rs.2.500 Millions Derivative Limit Rs.2.000 Millions Total Rs.95.000 Millions
Short particulars of the property charged	First charge by way of hypothecation of all stock of Raw Material, Work In Process, Semi Finished and Finished Goods, lying in factory, godowns, elsewhere and including goods in transit, consumable goods, stores, spares, all present and future book debts, all other present and future current and fixed assets of the company as a security to cover Cash Credit (Hypo. of stock and Book debts) of Rs.80.000 Millions, (Sub Limit PC/FBP/FBD) (Rs.12.500 Millions), Stand by working capital limit (SME gold card) Rs.8.000 Millions, Inland Letter of Credit of Rs.2.500 Millions, Inland Bank Guarantee of Rs.2.500 Millions and Derivative Limit of Rs.2.000 Millions, totalling Rs.95.000 Millions granted to the company by the bank. Equitable Mortgage is created on the immovable property of the company comprising factory land and building constructed or to be constructed, fixed plant and machinery, erected or to be erected both present and future situated at Excess land of Plot No.G-633(A), VKI Area, Jaipur, Area 378.12 sq. mt., and EM extended on Plot No.F-766(A), Road No.1-D, VKI Area, Jaipur (Additional Land),Area 630 sq mtr., also EQM on Plot No.F-766(A), Road No.1-D, VKI Area, Jaipur (Additional Land) Area 2458 sq. mtr., Plot No. F-766(A), Road No.1-D, VKI Area, Jaipur (Additional Land) Area 3756 Sq Mtrs., Plot No.F-766(A), Road No.1-D, VKI Area, Jaipur (Additional Land) Area 3115 Sq Mtrs. and Plot No.F-766(A), Road No.1-D, VKI Area, Jaipur Area 1118 Sq Mtrs., and Plot No.F-766 Road No.1-D,VKI Area, Jaipur, Plot No.G-633(A), VKI Area, Jaipur, Area 1500 sq mtrs. to secure the various working capital facilities of Rs.95.000 Millions granted to company by the bank. The Above Security also Cover various Term Loans outstanding granted to the Company by the bank. Corporate Guarantee is given by Ekling Ji Industries Private Limited to secure working capital facilities of Rs.95.000 Millions and various TL of Rs.98.512Millions granted to the company by the bank.
Particulars of the present modification	By this mod. Working Capital facilities has been enhanced to Rs.95.000 Millions against all previous securities including EM on the company's immovable property and CG by Ekling Ji Industries Private Limited to cover the following limits:- CC Rs.80.000 Millions Sub Limit Packing Credit (Rs.12.500 Millions) Stand by working capital limit (SME gold card) Rs.8.000 Millions Inland letter of credit Rs.2.500Millions Inland BG Rs.2.500 Millions Derivative Limit Rs.2.000 Millions Total Rs.95.000 Millions

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Furniture and Fixture

· Vehicle

· Office Equipments

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.54.12
UK Pound	1	Rs.87.08
Euro	1	Rs.70.15

INFORMATION DETAILS

Report Prepared by :

NIT

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	YES
--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.