MIRA INFORM REPORT

Report Date :

06.11.2012

IDENTIFICATION DETAILS

Name :	ALOM POLY EXTRUSIONS LIMITED (w.e.f. 05.10.2009)

Formerly Known As :	TIRUPATI FISCAL SERVICES PRIVATE LIMITED

Registered Office :	Alom House, 1^st Floor, 7B Pretoria Street, Kolkata -700071, West Bengal

Country :	India

Financials (as on) :	31.03.2011

Date of Incorporation :	01.06.1990

Com. Reg. No.:	21-049143

Capital Investment/ Paid-up Capital:	Rs.19.874 Millions

CIN No.: [Company Identification No.]	U18101WB1990PLC049143

TAN No.: [Tax Deduction & Collection Account No.]	CALA12077C

PAN No.: [Permanent Account No.]	AABCT0536G

Legal Form :	A Closely Held Public Limited Liability Company

Line of Business :	Manufacturer of HDPE Double Wall Corrugated Pipes

No. of Employees:	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (26)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 169000

Status :	Moderate

Payment Behaviour :	Unknown

Litigation :	Clear

Comments :	Subject is an established company having moderate track record. The financial detail of the current year is missing from government department. And from the previous year record their appears accumulated losses recorded by the company. However, trade relations are reported to be fair. Business is active. Payments are unknown. The company can be considered for business dealings with some caution.

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

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

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 DENIED BY

Name :	Mr. P.L. Soni
Designation :	Chief Financial officer
Contact No.:	91-33-40106789
Date :	03.11.2012

LOCATIONS

Registered Office :	Alom House, 1^st Floor, 7B Pretoria Street, Kolkata -700071, West Bengal India
Tel. No.:	91-33-40106789
Fax No.:	91-33-22827305
E-Mail :	acc-ho@alomextrusions.com mktg@alom.in (Marketing and General) hr@alom.in ( HR Department) purchase@alomextrusions.com (Purchase)
Website :	www.alomextrusions.cm

Delhi Office :	Alom Extrusions Limited, 2478/6, Chuna Mandi (1^st Floor) Pahargunj, New Delhi – 110055, India
Tel. No.:	91-11-23561741
Fax No.:	91-11-23585878
E-Mail :	delhi@alomextrusions.com

DIRECTORS

As on 30.09.2011

Name :

Mr. Ajay Prakash Jhunjhunwala

Designation :

Director

Address :

7, Pretoria Street, Kolkata – 700071, West Bengal, India

Date of Birth/Age :

11.05.1958

Date of Appointment :

01.04.2008

Din No.:

00046946

Voter ID No.:

WB -23-146-084131

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	U52322WB1992PLC056609	UNI WEARS LTD	Director	22/09/1992	22/09/1992	-	Active	NO
2	U70101WB1987PTC042378	JAMS BUILDERS PVT LTD	Director	05/11/1993	05/11/1993	-	Active	NO
3	L70200WB1980PLC032662	ALOM EXTRUSIONS LIMITED	Managing director	29/01/2009	20/12/1994	-	Active	NO
4	U74899DL1995PTC064685	LACHHMANGARH FORT PRIVATE LIMITED	Director	10/05/1996	10/05/1996	-	Active	NO
5	U51109WB1995PTC070821	GRAVITY MERCHANDISE PVT.LTD.	Director	06/06/2000	06/06/2000	-	Active	NO
6	U28920WB1965PLC026651	UNIVERSAL MACHINES LTD	Director	10/08/2000	10/08/2000	-	Active	NO
7	U51109WB1995PTC074318	CORONATION COMMERCE PVT LTD	Director	04/09/2000	04/09/2000	-	Active	NO
8	U70101WB1999PTC089180	S R ENCLAVE PRIVATE LIMITED	Director	10/10/2002	10/10/2002	-	Active	NO
9	U51109WB1994PTC066438	COLD GOLD SYNTEX PVT LTD	Director	14/07/2003	14/07/2003	-	Active	NO
10	U27203WB2004PLC099758	OEL EXTRUSIONS LIMITED	Managing director	13/09/2004	13/09/2004	-	Amalgamated	NO
11	U70109WB1981PTC033560	SATI DEVELOPMENT PVT LTD	Director	01/10/2004	01/10/2004	-	Active	NO
12	U51109WB1999PTC088608	MULTITECH MERCHANDISE PRIVATE LIMITED	Director	10/04/2006	10/04/2006	-	Active	NO
13	U51109WB1999PTC088607	TRILOK COMMERCIAL PRIVATE LIMITED	Director	10/04/2006	10/04/2006	-	Active	NO
14	U51909WB1995PTC074490	KRYPTON AGENCIES PVT LTD	Director	10/04/2006	10/04/2006	-	Active	NO
15	U70101WB1993PTC057445	JIWAN GOURI PROPERTIES PVT.LTD.	Director	10/04/2006	10/04/2006	-	Active	NO
16	U70109WB1996PTC077301	MANSION HOUSE PROPERTIES PVT LTD	Director	08/11/2006	08/11/2006	20/12/2011	Active	NO
17	U51109WB1994PTC066326	EXCHANGE SUITS PVT LTD	Director	02/04/2007	02/04/2007	-	Active	NO
18	U18101WB1990PLC049143	ALOM POLY EXTRUSIONS LIMITED	Director	01/04/2008	01/04/2008	-	Active	NO
19	U27310WB1988PLC045461	ALOM HOUSING & INFRASTRUCTURE LIMITED	Director	30/01/2009	30/01/2009	-	Active	NO
20	U70101WB1999PTC089181	S R NIKETAN PRIVATE LIMITED	Additional director	16/03/2009	16/03/2009	-	Active	NO
21	L17125WB1910PLC001972	RAJAHBHAT TEA CO LTD	Additional director	01/07/2010	01/07/2010	-	Active	NO

Name :

Mr. Shree Prakash Jhunjhunwala

Designation :

Director

Address :

7, Pretoria Street, Kolkata – 700071, West Bengal, India

Date of Birth/Age :

01.03.1961

Date of Appointment :

01.04.2008

Din No.:

00046987

Voter ID No.:

WB -23-146-0841333

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	U70109WB1981PTC033560	SATI DEVELOPMENT PVT LTD	Director	16/04/1981	16/04/1981	-	Active	NO
2	U70101WB1981PTC033561	BHAGIRATHI ESTATES PVT LTD	Director	16/04/1981	16/04/1981	-	Active	NO
3	U70101WB1987PTC042378	JAMS BUILDERS PVT LTD	Director	21/05/1987	21/05/1987	-	Active	NO
4	L70200WB1980PLC032662	ALOM EXTRUSIONS LIMITED	Director	17/05/1989	17/05/1989	-	Active	NO
5	U70101WB1993PTC057445	JIWAN GOURI PROPERTIES PVT.LTD.	Director	25/01/1993	25/01/1993	-	Active	NO
6	U28920WB1965PLC026651	UNIVERSAL MACHINES LTD	Managing director	29/01/2009	20/12/1993	-	Active	NO
7	U51109WB1999PTC088607	TRILOK COMMERCIAL PRIVATE LIMITED	Director	06/06/2000	06/06/2000	-	Active	NO
8	U70101WB1999PTC089180	S R ENCLAVE PRIVATE LIMITED	Director	10/10/2002	10/10/2002	-	Active	NO
9	U27203WB2004PLC099758	OEL EXTRUSIONS LIMITED	Director	13/09/2004	13/09/2004	-	Amalgamated	NO
10	U45201WB1997PTC085347	SWEET HOME PROJECTS PRIVATE LIMITED	Director	10/04/2006	10/04/2006	-	Active	NO
11	U51109WB1999PTC088596	PANCHANAN MERCANTILE PRIVATE LIMITED	Director	10/04/2006	10/04/2006	-	Active	NO
12	U51909WB1997PTC084531	EVERGREEN SALES PRIVATE LIMITED	Director	10/04/2006	10/04/2006	-	Active	NO
13	U67120WB1994PTC063310	AJAYGARH COMMOTRADE PVT.LTD.	Director	08/11/2006	08/11/2006	16/08/2008	Active	NO
14	U70101WB1999PTC089181	S R NIKETAN PRIVATE LIMITED	Director	02/04/2007	02/04/2007	-	Active	NO
15	U18101WB1990PLC049143	ALOM POLY EXTRUSIONS LIMITED	Director	01/04/2008	01/04/2008	-	Active	NO
16	U51109WB1994PTC066326	EXCHANGE SUITS PVT LTD	Additional director	16/03/2009	16/03/2009	-	Active	NO
17	L17125WB1910PLC001972	RAJAHBHAT TEA CO LTD	Additional director	21/07/2010	21/07/2010	-	Active	NO

Name :

Mr. Pravin Agarwal

Designation :

Additional Director

Address :

2F Rajashee, 6 Hastings Park, Kokata – 700027, West Bengal, India

Date of Birth/Age :

14.02.1962

Date of Appointment :

12.08.2009

Din No.:

00123504

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	U51226WB1989PTC045974	RGP EXPORTS PVT LTD.	Director	01/07/1989	01/07/1989	-	Active	NO
2	U70101WB1988PTC044657	PRANJAL DEVELOPERS PVT LTD	Director	02/01/1992	02/01/1992	-	Active	NO
3	U17232WB1981PTC033420	QUALITY BAG EXPORTERS PVT LTD	Director	14/07/1992	14/07/1992	-	Active	NO
4	U51505WB1993PTC061202	STARPLUS TOWERS PVT LTD	Director	22/12/1993	22/12/1993	-	Active	NO
5	U74140WB1994PTC063508	R P CONCLAVE PVT.LTD.	Director	09/06/1994	09/06/1994	-	Active	NO
6	U51505WB1994PTC063506	PM DEALCON PVT.LTD.	Director	09/06/1994	09/06/1994	-	Active	NO
7	U51900WB1997PTC104013	PMV EXPORTS PRIVATE LIMITED	Director	15/07/1997	15/07/1997	-	Active	NO
8	U72900WB2000PLC091153	CIRRUSWEB INFOTECH LIMITED	Director	18/02/2000	18/02/2000	23/07/2007	Active	NO
9	U18101WB1990PLC049143	ALOM POLY EXTRUSIONS LIMITED	Additional director	12/08/2009	12/08/2009	-	Active	NO

Name :

Mr. Ansuman Kanoria

Designation :

Director

Address :

10, Sarat Chatterjee Avenue, Kolkata – 700029, West Bengal, India

Date of Birth:

18.03.1962

Date of Appointment:

20.10.2009

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	U29192WB1971PTC028053	ALLIED AIR REF PVT LTD	Director	02/09/1987	02/09/1987	-	Active	NO
2	U28920WB1965PLC026651	UNIVERSAL MACHINES LTD	Additional director	04/05/2009	04/05/2009	-	Active	NO
3	U51109WB1937PLC009050	SATYA CO LTD	Director	16/09/2009	08/05/2009	-	Active	NO
4	U18101WB1990PLC049143	ALOM POLY EXTRUSIONS LIMITED	Additional director	20/10/2009	20/10/2009	-	Active	NO
5	L17125WB1910PLC001972	RAJAHBHAT TEA CO LTD	Additional director	31/07/2010	31/07/2010	-	Active	NO
6	U51109WB1994PTC064279	EXCEL DEALCOMM PVT. LTD.	Director	21/09/2012	21/09/2012	16/10/2012	Active	NO
7	U51109WB1994PTC064291	CROWNFAST VINIMAY PVT LTD	Director	21/09/2012	21/09/2012	-	Active	NO
8	U15312WB1991PTC051322	RADHA RICE MILL PVT LTD	Director	21/09/2012	21/09/2012	-	Active	NO
9	U15491WB1973PTC029008	TINDHARIA TEA ESTATE PVT LTD	Additional director	09/10/2012	09/10/2012	-	Active	NO

Name:

Mr. Arnav Jhunjhunwala

Designation:

Additional Director

Address:

7, Pretoria Street, Kolkata – 700071, West Bengal, India

Date o Birth:

21.04.1987

Date of Appointment

02.08.2010

Din No.:

03163485

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	U18101WB1990PLC049143	ALOM POLY EXTRUSIONS LIMITED	Additional director	02/08/2010	02/08/2010	-	Active	NO
2	U70101WB1981PTC033561	BHAGIRATHI ESTATES PVT LTD	Additional director	21/08/2010	21/08/2010	-	Active	NO

KEY EXECUTIVES

Name :	Mr. P.L. Soni
Designation :	Chief Financial officer

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders		No. of Shares
Prakash Jhunjhunwala		200000
Shree Prakash Jhunjhunwala		500000
Archana Jhunjhunwala		200000
Devi Kusum Jhunjhunwala		100000
Sangita Jhunjhunwala		100000
Alom Extrusion Limited, India		122400
Niket Jhunjhunwala		200000
Arun Jhunjhunwala		200000
Ram Sawal Jhunjhunwala		300000
Alom Housing and Infrastructure Limited, Inida		65000

Total		1987400

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2011

Category		Percentage

Bodies corporate		9.00
Directors or relatives of directors		91.00

Total		100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of HDPE Double Wall Corrugated Pipes

PRODUCTION STATUS AS ON 31.03.2010

Particulars	Unit	Installed Capacity
HDPE Double Wall Corrugated Pipes	MT	11000

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Indian Bank, Strand Road Branch, Kolkata - 700001, West Bengal, India

Facilities :

Secured Loans	As on 31.03.2011 Rs. in millions	As on 31.03.2010 Rs. in millions
Terms Loans
Foreign Currency Loan from Export Development Canada	94.554	26.757
Rupee Loan from Indian Bank	93.729	19.765
Cash Credit Account
Indian Bank	13.470	0.000

Total	201.753	46.522

Security

A. Cash Credit is secured by hypothecation of Inventories, Book debts, other Assets present and future and also by additional charge on factory land, Building and Plant and Machinery,(except imported Plant and Machinery financed by Export Development Canada), Second Charge on Current Assets and persona! guarantee by two Directors of the Company.

A. Foreign Currency Term Loan from Export Development Canada is secured by hypothecation of Machinery Purchased out of said loan and corporate guarantee of two bodies Corporate. Term loan payable within one year Rs.18.560Millions(Previous year Rs. 9.998 Millions)

B. Rupee Term Loan from Indian Bank is secured by way of 1st pari passu charge on all fixed assets of the Company situated at Banganagar Plant (except imported Plant and Machinery financed by
Export Development Canada) and second charge on all the current assets of the company, both present and future. Rupee Term Loan from Indian Bank further secured by Collateral security by way of Equitable Mortage of 4.137 Bighas land belonging to Subsidiary Companies and personal guarantees of two of the directors of the Company Term loan repayable within one Year Rs.16.400 Millions (Previous year Rs.NIL)

Unsecured Loans	As on 31.03.2011 Rs. in millions	As on 31.03.2010 Rs. in millions
From Bodies Corporate	92.690	45.776
From Directors	0.000	1.200

Total	92.690	46.976


Banking Relations :	--

Auditors :
Name :	Lodha and Company Chartered Accountants
Address :	14, Government Place East, Kolkata -700069, West Bengal, India
Pan No.:	AABFL1894Q

Associates:	· Exchange Suits Private Limited CIN No.:U51109WB1994PTC066326 · S R Niketan Private Limited CIN No.:U70101WB1999PTC089181

Enterprise where directors and relatives have significant influence Control	· Alom Extrusions Limited · Universal Machines Limited · Alom Housing and Infrastructure Private (Formerly ACSY and Holdings Private Limited · Uni wears Limited · Cold Gold Syntex Private Limited · Jams Builders Private Limited · Sati Development Private Limited · Jiwan Gouri Properties Private Limited · Mansion House Properties Private Limited · S.R Enclave Private Limited · Trilok Commercial Private Limited

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount

1990000	Equity Shares	Rs.10/- each	Rs.19.900 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

1987400	Equity Shares	Rs.10/- each	Rs.19.874 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		19.874	19.874	19.874
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		26.460	26.460	26.460
4] (Accumulated Losses)		(4.095)	(0.188)	(0.133)
NETWORTH		42.239	46.146	46.201
LOAN FUNDS
1] Secured Loans		201.753	46.522	0.000
2] Unsecured Loans		92.690	46.976	0.000
TOTAL BORROWING		294.443	93.498	0.000
DEFERRED TAX LIABILITIES		0.011	0.003	0.000

TOTAL		336.693	139.647	46.201

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		0.367	0.125	0.000
Capital work-in-progress		301.250	135.000	6.152

INVESTMENT		6.056	6.056	4.176
DEFERREX TAX ASSETS		0.000	0.000	0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	15.014	1.044	0.000
	Sundry Debtors	0.704	0.000	0.624
	Cash & Bank Balances	0.936	0.790	0.544
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	30.700	8.509	36.473
Total Current Assets		47.354	10.343	37.641
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	17.771	11.378	1.753
	Other Current Liabilities	0.557	0.492	0.009
	Provisions	0.006	0.007	0.010
Total Current Liabilities		18.334	11.877	1.772
Net Current Assets		29.020	(1.534)	35.869

MISCELLANEOUS EXPENSES		0.000	0.000	0.004

TOTAL		336.693	139.647	46.201

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	-	0.056	6.560
		Other Income	0.126	0.436	0.014
		TOTAL (A)	0.126	0.492	6.574
	SALES AND OTHER INCOME

Less	EXPENSES
		Purchase of Trading Goods	0.000	0.055	2.408
		Administrative, Selling and other expenses	4.011	0.488	0.137
		Increase/ Decrease in stock	0.000	0.000	4.024
		TOTAL (B)	4.011	0.543	6.569

	PROFIT/( LOSS)BEFORE TAX, DEPRECIATION AND AMORTISATION		(3.885)	(0.051)	0.005

Less/ Add	DEPRECIATION/ AMORTISATION		0.014	0.001	0.000

	PROFIT/( LOSS) BEFORE TAX		(3.899)	(0.052)	0.005

Less	TAX		0.009	0.003	0.000

	PROFIT /( LOSS)AFTER TAX (G-H) (I)		(3.908)	(0.055)	0.005

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(0.188)	(0.133)	(0.138)

	BALANCE CARRIED TO THE B/S		(4.096)	(0.188)	(0.133)

	IMPORTS
	Capital Goods		NA	39.807	0.000
	TOTAL IMPORTS		NA	39.807	0.000

	Earnings Per Share (Rs.)		(1.97)	(0.027)	0.003

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	(3101.59)	(11.18)	(0.08)

Net Profit Margin (PBT/Sales)	(%)	NA	(92.86)	(0.08)

Return on Total Assets (PBT/Total Assets}	(%)	8.18	(0.50)	(0.01)

Return on Investment (ROI) (PBT/Networth)		0.09	0.00	0.00

Debt Equity Ratio (Total Liability/Networth)		7.40	2.28	0.04

Current Ratio (Current Asset/Current Liability)		2.58	0.87	21.24

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
Promoters 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 the business	Yes
Details of sister concerns	Yes
Major Suppliers	No
Major Customers	No
Payment Terms	No
Export / Import Details [If Applicable]	No
Market Information	-
Litigations that the firm / promoter involved in	-
Banking Details	Yes
Banking Facility Details	Yes
Conduct of the banking account	-
Buyer visit details	-
Financials, if provided	Yes
Incorporation details, if applicable	Yes
Last accounts filed at ROC	Yes
Major Shareholders, if applicable	Yes
Date of Birth of Proprietor/Partner/Director, if available	Yes
PAN of Proprietor/Partner/Director, if available	No
Voter ID No of Proprietor/Partner/Director, if available	No
External Agency Rating, if available	No

OPERATIONS:

The Double Wall Corrugated Pipes project undertaken by the Company has been completed and Trial runs has successfully been completed. The Commercial production has also been started w.e.f.18/04/2011, the working results of which will be available from the next year only. Barring unforeseen circumstances the directors expect to achieve break even of the project next year.

Note: The Registered office of the company has been shifted from 9/12 Lal Bazar Street 4^th Floor E Block R. NO. 9A Kolkata -700001 West Bengal India to the present address w.e.f.13.09.2008

FORM 8

Corporate identity number of the company	U18101WB1990PLC049143
Name of the company	ALOM POLY EXTRUSIONS LIMITED
Address of the registered office or of the principal place of business in India of the company	Alom House, 7B, Pretoria Street, Kolkata -700071, West Bengal, India Email: acc-ho@alomextrusions.com
This form is for	Creation of charge
Type of charge	Immovable property Book debts Movable property (not being pledge)
Particular of charge holder	Indian Bank, Strand Road Branch, Kolkata - 700001, West Bengal, India Email: roc.mrc@gmail.com
Nature of instrument creating charge	Agreement for Hypothecation of Movables. Agreement for Open Cash Credit. Agreement For Counter Gurantee.
Date of instrument Creating the charge	09.09.2010
Amount secured by the charge	Rs. 72.800 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest ON OCC, 8.0+0.50+3.5=12.00% (BR+TP+Spread)
Short particulars of the property charged (Including location of the property)	Hypothecation of Stocks and book debts and exclusive 2nd charge on fixed assets of the Company created out of bank's finance. Extension of EM of 41.27 bighas of land belonging to a sister concern M/s. S.R. Niketan Private Limited and M/s. Exchange Suits Private Limited

CONTINGENT LIABILITY NOT PROVIDED FOR IN RESPECT OF:

(Rs. In Millions )

Particular	31.03.2010
Out Standing Bank Guarantee
a) Provide to the sale of Tax Department for maintenance of security deposit	Rs.1.000
b) Provided to West Bengal State Electricity Distribution Company Limited for maintenance of security deposit	Rs.1.658

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 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.54.08
UK Pound	1	Rs.86.69
Euro	1	Rs.69.37

INFORMATION DETAILS

Information Gathered By :	PJA

Report Prepared by :	BYI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	2
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		26

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.

MIRA INFORM REPORT

15.014

0.704

0.936

0.000

30.700

47.354

17.771

0.557

0.006

18.334

29.020

Unit