MIRA INFORM REPORT

Report Date :

03.09.2012

IDENTIFICATION DETAILS

Name :	PARIJAT INDUSTRIES (INDIA) PRIVATE LIMITED (w.e.f 12.07.2006)
Formerly Known As :	TRIUMPH PESTICIDES (BOMBAY) PRIVATE LIMITED
Registered Office :	M-77, M-Block Market, 1^st and 2^nd Floor, Greater Kailash–II, New Delhi – 110 048
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	17.05.1995
Com. Reg. No.:	55-161189
Capital Investment / Paid-up Capital :	Rs.36.135 Millions
CIN No.: [Company Identification No.]	U24219DL1995PTC161189
TAN No.: [Tax Deduction & Collection Account No.]	DELP13309C
PAN No.: [Permanent Account No.]	AABCT9862B
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Seller of Crop Protection Chemicals and Inputs.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (49)

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

Maximum Credit Limit :	USD 543000
Status :	Satisfactory
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Financially company performance is good. Trade relations are reported to be fair. Business is active. Payment are reported to be regular and as per commitment. The company can be considered for business dealing at usual trade terms and condition.

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	ICRA
Rating	BBB- (Long term Fund)
Rating Explanation	Having moderate degree of safety regarding timely servicing of financial it carry moderate credit risk
Date	December,2011

Rating Agency Name	ICRA
Rating	A3 (Short term non - fund)
Rating Explanation	Having moderate degree of safety regarding timely payment of financial obligation it carry higher credit risk
Date	December,2011

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.

LOCATIONS

Registered Office/ Factory :	M-77, M-Block Market, 1^st and 2^nd Floor, Greater Kailash –II, New Delhi – 110 048, India
Tel. No.:	91-11-45766000/41638091/41638095
Fax No.:	91-11-45766055/41638098
E-Mail :	anil@parijatagrochemicals.com
Website :	www.parijatagrochemicals.com

DIRECTORS

As on 12.09.2011

Name :

Mr. Abhay Kumar Om Prakash Vaish Gupta

Designation :

Director

Address :

19A, First Floor, Shanti Kunj Main, Vasant Kunj, New Delhi – 110070, India

Date of Birth/Age :

17.12.1958

Date of Appointment :

29.09.2007

PAN No.:

AASPG4584D

DIN No.:

01602375

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	U24219DL1995PTC161189	PARIJAT INDUSTRIES (INDIA) PRIVATE LIMITED	Director	29/09/2007	31/07/2007	-	Active	NO
2	U24211DL1970NPL005200	CROP CARE FEDERATION OF INDIA	Director	05/12/2009	05/12/2009	-	Active	NO
3	U24100DL2007PTC166537	LEEDS LIFE SCIENCES PRIVATE LIMITED	Director	16/11/2011	16/11/2011	14/03/2012	Active	NO

Name :

Mr. Kuldeep Raj Ram Lal Anand

Designation :

Director

Address :

A-1/25, Panchsheel Enclave, New Delhi – 110017, India

Date of Birth/Age :

23.11.1923

Date of Appointment :

29.09.2007

PAN No.:

AAEPA6593J

DIN No.:

00081305

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	U74899DL1986PTC024621	PARIJAT CROP PROTECTION (INDIA) PRIVATE LIMITED	Director	26/06/1986	26/06/1986	-	Active	NO
2	U24219DL1995PTC161189	PARIJAT INDUSTRIES (INDIA) PRIVATE LIMITED	Director	29/09/2007	31/07/2007	-	Active	NO

Name :

Mr. Savmit Raj Kumar Grover

Designation :

Director

Address :

C – 2/32, Safdarjung Development Area, New Delhi – 110016, India

Date of Birth/Age :

01.11.1962

Date of Appointment :

29.09.2007

DIN No.:

00485304

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	U45201DL2005PTC135940	CANTON BUILDERS PRIVATE LIMITED	Director	09/05/2005	09/05/2005	24/12/2007	Active	YES
2	U11201DL1985PLC022279	HLS ASIA LIMITED	Director	22/06/2005	22/06/2005	-	Active	NO
3	U45201DL2006PTC147757	PIONEER INFRABUILD PRIVATE LIMITED	Director	07/07/2006	07/07/2006	-	Active	NO
4	U00313DL2005PTC140501	BMG POLYPLAST PRIVATE LIMITED	Director	07/07/2006	07/07/2006	-	Active	NO
5	U72900DL2006PTC156785	SEGUE TECHNOLOGIES PRIVATE LIMITED	Director	20/12/2006	20/12/2006	15/03/2011	Strike off	NO
6	U51101DL2007PTC157875	BPS INTERNATIONAL PRIVATE LIMITED	Director	15/01/2007	15/01/2007	-	Active	NO
7	U45201DL2006PTC147089	ALAG BUILDWELL PRIVATE LIMITED	Director	01/02/2007	01/02/2007	24/01/2011	Active	NO
8	U70101DL2006PTC147966	POINEER INFRAPROP PRIVATE LIMITED	Director	01/02/2007	01/02/2007	-	Active	NO
9	U72400DL2007PTC161192	STRATOSHEAR TECHNOLOGIES PRIVATE LIMITED	Director	28/03/2007	28/03/2007	-	Active	NO
10	U67190DL2007PTC161442	BPS SYNAPSE INVESTMENTS PRIVATE LIMITED	Director	30/03/2007	30/03/2007	-	Active	NO
11	U93000DL2005PTC139635	SGA GLOBAL ADVISORS PRIVATE LIMITED	Director	13/04/2007	13/04/2007	25/04/2011	Active	NO
12	U74899DL1995PTC068853	AKSHIT PROPERTIES PRIVATE LIMITED	Director	09/06/2007	09/06/2007	-	Strike off	NO
13	U45200DL2006PTC156444	SKYLINE REALCON PRIVATE LIMITED	Director	09/06/2007	09/06/2007	-	Active	NO
14	U45201DL2006PTC147090	HOPE REALTORS PRIVATE LIMITED	Director	09/06/2007	09/06/2007	-	Active	NO
15	U65923DL2007PTC165621	BPS HOLDINGS PRIVATE LIMITED	Director	06/07/2007	06/07/2007	-	Active	NO
16	U24219DL1995PTC161189	PARIJAT INDUSTRIES (INDIA) PRIVATE LIMITED	Director	29/09/2007	31/07/2007	-	Active	NO
17	U18101DL2001PTC112198	NADIA STUDIO PRIVATE LIMITED	Director	30/11/2007	30/11/2007	-	Active	NO
18	U72900DL2008PTC176138	WAVESPREE TECHNOLOGIES PRIVATE LIMITED	Director	31/03/2008	31/03/2008	-	Active	NO
19	U25209DL2006PTC156345	AASTHA POLYPLAST PRIVATE LIMITED	Director	24/03/2009	24/03/2009	-	Active	NO
20	U74999DL2007PTC161460	KARMA COILS PRIVATE LIMITED	Director	30/09/2010	25/05/2010	17/10/2011	Active	NO
21	U28113DL2006PTC148559	KARO COILS PRIVATE LIMITED	Director	07/06/2010	07/06/2010	-	Active	NO
22	U50101DL2001PTC110408	GOPAL AUTOMOBILE AGENCIES PRIVATE LIMITED	Director	04/06/2011	04/06/2011	-	Active	NO
23	U74900DL2011PTC212502	KMAC ENVIRONMENTAL SERVICES PRIVATE LIMITED	Director	08/09/2011	08/09/2011	-	Active	NO
24	U74900DL2012PTC238844	VADS CONSULTING PRIVATE LIMITED	Director	13/07/2012	13/07/2012	-	Active	NO

Name :

Mr. Keshav Kuldeep Raj Anand

Designation :

Director

Address :

A-1/25, Panchsheel Enclave, New Delhi – 110017, India

Date of Birth/Age :

10.11.1957

Date of Appointment :

23.12.2003

PAN No.:

AAEPS6537C

DIN No.:

01050275

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	U74899DL1986PTC024621	PARIJAT CROP PROTECTION (INDIA) PRIVATE LIMITED	Director	26/06/1986	26/06/1986	-	Active	NO
2	U24219DL1995PTC161189	PARIJAT INDUSTRIES (INDIA) PRIVATE LIMITED	Director	23/12/2003	23/12/2003	-	Active	NO
3	U92190DL2011PTC221269	PARIJAT ENTERTAINMENT PRIVATE LIMITED	Director	22/06/2011	22/06/2011	-	Active	NO
4	U24100DL2007PTC166537	LEEDS LIFE SCIENCES PRIVATE LIMITED	Director	16/11/2011	16/11/2011	14/03/2012	Active	NO

Name :

Mr. Vikram Kuldeep Raj Anand

Designation :

Director

Address :

A-1/25, Panchsheel Enclave, New Delhi – 110017, India

Date of Birth/Age :

17.02.1964

Date of Appointment :

23.12.2003

PAN No.:

AAGPA4350D

DIN No.:

00081386

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	U74899DL1986PTC024621	PARIJAT CROP PROTECTION (INDIA) PRIVATE LIMITED	Director	29/08/1988	29/08/1988	-	Active	NO
2	U24219DL1995PTC161189	PARIJAT INDUSTRIES (INDIA) PRIVATE LIMITED	Director	23/12/2003	23/12/2003	-	Active	NO
3	U74140DL2006PTC147965	PARIJAT CONSULTING PVT LTD	Director	24/03/2006	24/03/2006	-	Active	NO
4	U65924DL2007PTC161261	PARIJAT FINANCIAL CONSULTANCY PRIVATE LIMITED	Director	28/03/2007	28/03/2007	-	Active	NO
5	U24100DL2007PTC166537	LEEDS LIFE SCIENCES PRIVATE LIMITED	Director	01/08/2007	01/08/2007	14/03/2012	Active	NO

MAJOR SHAREHOLDERS

As on 12.09.2011

Names of Shareholders	No. of Shares
Keshav Anand	1325900
Vikram Anand	1325900
Kuldeep Raj Anand	33600
Harshi Anand	33600
Parvati Anand	33600
Shruti Anand	67200
Aditi Anand	16800
Uday Anand	16800
Abhay Kumar Gupta	180740
Parijat Crop Protection (India) Private Limited, India	204400
Sharat Anand	375000
Total	3613540

Equity Share Break up (Percentage of Total Equity)

As on 12.09.2011

Category	Percentage
Bodies corporate	5.66
Directors or relatives of Directors	94.34
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Seller of Crop Protection Chemicals and Inputs.
Products:	Crop Protection Chemicals

PRODUCTION STATUS As on 31.03.2010

*Licensed Capacity

**Installed Capacity

Particulars	Unit	31.03.2010
Pesticides***	KL/MT	4500
Intermediaries****	KL/MT	NA

*Not applicable

**As certified by the management

***Formulations only

****Intermediaries are not manufactured but packed, hence installed capacity is not applicable.

PRODUCTION

Particulars	Unit	Quantity
Pesticides	Ltr/kg	4408518
Intermediaries	Ltr/kg	62900

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India

Facilities :

Secured Loan	31.03.2011 (Rs. in Millions)	31.03.2010 (Rs. in Millions)
Working capital loans banks secured	193.302	119.799
Loans taken for fixed assets secured	4.040	3.364
Total	197.342	123.163

* Term loan of Rs. 4.040 millions is secured by hypothecation of vehicles.

** Working Capital loan of Rs.193.302 millions is secured against equitable mortgage of the immovable property situated at M-77, Greater Kailash Part II, New Delhi, Factory Land and building at Ambala and first charge on entire stocks, goods received under L.C., book debts, receivables, documents of title to the goods and other fixed assets of the Company both present and future.

Unsecured Loan	31.03.2011 (Rs. in Millions)	31.03.2010 (Rs. in Millions)
Rupee term loans banks unsecured	10.350	8.300
Loans directors unsecured	18.350	15.550
Interest accrued due other debt unsecured	0.000	0.617
Total	28.700	24.467

Banking Relations :	--
Auditors :
Name :	VK Thapar and Company Chartered Accountants
Address :	C-2/37, Safdarjung Development Area, New Delhi – 110016, India
Tel. No.:	91-11-26565699/26510331
Fax No.:	91-11-26527249
E-Mail :	viveni@nda.vsnl.net.in
PAN No:	AAFFV8112R
Related Parties:	Parijat Consulting Private Limited, India PAN No: AADCP8924C Parijat Consulting, India PAN No: AAGFP9080M Parijat Financial Consultancy Private Limited, India PAN No: AAECP3797C CIN No.: U65924DL2007PTC161261 Anand Foundation, India PAN No: AABTA1359D Parijat Crop Protection (India) Private Limited, India PAN No: AAACP1785E CIN No.: U74899DL1986PTC024621 Pajero International, India PAN No: AAIFP5820D K.R. Anand HUF, India PAN No: AADHK3811J

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital:

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.10/- Each	Rs.50.000 Millions

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
3613540	Equity Shares	Rs.10/- Each	Rs.36.135 Millions

Note: 3097320 Shares of Rs. 10 each are allotted as fully paid up bonus share by capitalization of share premium and Profit and Loss Account

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		36.135	2.581	2.400
2] Share Application Money		0.000	0.000	6.240
3] Reserves & Surplus		99.799	70.611	32.132
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		135.934	73.192	40.772
LOAN FUNDS
1] Secured Loans		197.342	123.163	34.457
2] Unsecured Loans		28.700	24.467	18.891
TOTAL BORROWING		226.042	147.630	53.348
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		361.976	220.822	94.120
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		66.614	33.574	31.616
Capital work-in-progress		1.096	7.728	0.219
INVESTMENT		0.000	0.000	0.000
DEFERRED TAX ASSETS		0.741	1.168	0.929
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	134.829	95.225	47.145
	Sundry Debtors	275.107	237.809	94.048
	Cash & Bank Balances	36.173	30.370	14.009
	Other Current Assets	1.766	5.321	0.750
	Loans & Advances	61.622	46.925	31.045
Total Current Assets		509.497	415.650	186.997
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	164.982	210.473	91.235
	Other Current Liabilities	10.341	8.681	17.462
	Provisions	40.649	18.144	16.944
Total Current Liabilities		215.972	237.298	125.641
Net Current Assets		293.525	178.352	61.356
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		361.976	220.822	94.120

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	1208.243	905.014	607.070
		Other Income	11.987	11.672	21.345
		TOTAL	1220.230	916.686	628.415
Less	EXPENSES
		Office Expenses	1116.291	871.045	588.840
		Administrative Expenses
		Advertising Expenses
		TOTAL	1116.291	871.045	588.840
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		103.939	45.641	39.575
Less/ Add	DEPRECIATION/ AMORTISATION		5.715	4.006	3.250
	PROFIT BEFORE TAX		98.224	41.635	36.326
Less	TAX		33.006	14.385	13.685
	PROFIT AFTER TAX		65.218	27.250	22.641
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		57.585	31.397	9.793
Less	APPROPRIATIONS
		Transfer to General Reserve	1.650	0.700	0.700
		Provision for Dividend and Dividend Tax	5.056	0.362	0.337
	BALANCE CARRIED TO THE B/S		116.097	57.585	31.397
	EARNINGS IN FOREIGN CURRENCY
		Export Sales	645.867	263.290	391.926
		Merchanting Sales		279.226	17.346
		Commission		0.000	16.315
		Others		0.000	1.889
	TOTAL EARNINGS		645.867	542.516	427.476
	IMPORTS
		Raw Materials and Traded goods	NA	186.492	96.951
		Packing Materials		0.000	1.202
		Merchanting Purchase		254.703	188.691
	TOTAL IMPORTS		NA	441.195	286.844
	Earnings Per Share (Rs.)		18.05	104.00	94.00

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	5.34	2.97	3.60
Net Profit Margin (PBT/Sales)	(%)	8.13	4.60	5.98
Return on Total Assets (PBT/Total Assets}	(%)	17.05	9.27	16.62
Return on Investment (ROI) (PBT/Networth)		0.72	0.57	0.89
Debt Equity Ratio (Total Liability/Networth)		3.25	5.26	4.39
Current Ratio (Current Asset/Current Liability)		2.36	1.75	1.47

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	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three 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	No
20]	Export / Import details (if applicable)	No
21]	Market information	--------
22]	Litigations that the firm / promoter involved in	--------
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
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

Note: The Registered office of the company has been shifted from Jain Sahni Building, Opposite Girls School, The Mall District Solan, Himachal Pradesh, India to the present address w.e.f 10.02.2007.

FINANCIAL PERFORMANCE:

The Company has registered total income of Rs.1220.229 millions and net profit after tax of Rs.65.218 millions for the year as compared to Rs.916.686 millions and Rs.27.250 millions respectively in the previous year. Whereas the Company's total income increased by 33.11% against previous year, Company's PAT has increased drastically by 139.33% against previous year

CONTINGENT LIABILITIES AND PROVISIONS: (AS ON 31.03.2011):

1) The Company manufactured 5290 Kgs of Pyriproxyfen on job work basis for one of its foreign customers which was exported back at FOB value of Rs.9.185 millions. The benefits availed vide Custom Notification dated 1st April, 1997 was challenged by the Customs department on account of non fulfilment of certain conditions of the said notification and levied a duty of Rs.1.279 millions with interest and penalties. A bank guarantee of Rs.1.278 millions was encashed. The matter is being contested by the Company and the amount has been treated as an expense pending decision with the relevant authorities. There exists is a contingent liability for the amount of duty and additional interest and penalty thereon.

2) The Company has imported 1360 Kgs of PYRIPROXYFEN TECH NICAL 98% against Duty Exemption Scheme License. The imported item has an Export obligation to be fulfilled after processing the imported product. Later the formulated product PYRIPROXFEN 25% W/W was exported, but by oversight it was filed in Free Shipping bill instead of Duty Exemption Scheme shipping bill. There exists is a contingent liability for the amount of Custom duty of Rs.1.005 millions, interest and penalty thereon.

3) The provision for current taxes includes provision for Wealth tax.

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U24219DL1995PTC161189
Name of the company	PARIJAT INDUSTRIES (INDIA) PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	M-77, M-Block Market, 1^st and 2^nd Floor, Greater Kailash –II, New Delhi – 110 048, India Email: anil@parijatagrochemicals.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10334930
Type of charge	· Immovable property · Book debts · Movable property (not being pledge) · Floating charge
Particular of charge holder	CIN No.: L65920MH1994PLC080618 HDFC Bank Limited, HDFC Bank House senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India Email: RBBform8@hdfcbank.com
Nature of instrument creating charge	a] Supplementary Letter of Hypothecation. b] Memorandum Recording Past Transaction of Creation of Mortgage by Delivery of Title Deeds. [Collectively constitute a single charge for Rs.460.427 Millions].
Date of instrument Creating the charge	08.06.2012
Amount secured by the charge	Rs.460.427 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Interest at the rate as may be communicated by the Bank from time to time. Terms of Repayment Working capital facility shall be payable on demand. Term loan facility shall be repayable in suitable installments. Margin As may be stipulated by the Bank from time to time. Extent and Operation of the charge [a] Hypo by way of First Charge on Company's Stock, Book Debts, Plant and Machinery and Vehicles, to secure as a continuing security [b] The Company accorded and gave oral consent to Bank to continue to hold and retain the title deeds [by way of Constructive delivery] in respect of its immovable properties, as security for repayment of Rs.460.427 Millions together with principal, interest, liquidated damages, costs, charges and expenses.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Stock-in-trade, consisting of raw materials, goods in process of manufacturing finished goods, and other merchandise whatsoever being movable properties. All the Debts, that is, all the book debts, outstandings, monies receivables, claims, bills, invoice documents, contracts, guarantees, and rights. The movable plant and machinery and vehicles, which may now or at any time hereafter belong to the Borrower or come to the Borrower's disposal. Immovable property being First Floor and Second Floor Property No.77, Greater Kailash, II Market, Block-M, New Delhi.
Date of instrument modifying the charge	29.03.2012
Particulars of the present modification	The charge shall now stand increased from Rs.400.427 Millions to Rs.460.427 Millions in favour of the Bank against the security of stocks, book debts, plant and Machinery and Vehicles and immovable properties being situated at First Floor and Second Floor Property No.77, Greater Kailash, II Market, Block-M, New Delhi.

FIXED ASSETS:

• Computer and Accessories
• Furniture and Fixture
• Land and Building
• Plant and Machinery
• Vehicles

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.55.72
UK Pound	1	Rs.87.95
Euro	1	Rs.69.66

INFORMATION DETAILS

Report Prepared by :

MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--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	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		49

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.