MIRA INFORM REPORT

Report Date :

08.09.2012

IDENTIFICATION DETAILS

Name :	ROOP POLYMERS LIMITED
Registered Office :	1^st Floor, Hasan Building, Near Minerva Cinema, Kashmere Gate, Delhi-110 006
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	20.05.1996
Com. Reg. No.:	55-079003
Capital Investment / Paid-up Capital :	Rs.68.471 Millions
CIN No.: [Company Identification No.]	U18101DL1996PLC079003
Legal Form :	A closely held public limited liability company
Line of Business :	Manufacturer and Exporter of Rubber and Plastic for Auto Components
No. of Employees:	Not Available

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 270000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having fine track. General financial position of the company is good. Trade relations are fair. Business is active. Payment are reported to be regular and as per commitments. The company can be considered good for normal business dealings at usual 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

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 :	1^st Floor, Hasan Building, Near Minerva Cinema, Kashmere Gate, Delhi-110 006, India
Tel No.:	Not Available
Fax No.:	Not Available
E-Mail :	lalit.kaul@rooppolymers.com
Website :	www.roopindia.com
Factory 1 :	Plot No.30, IMT, Sector-3, Manesar, Gurgaon-122 002, Haryana, India
Tel. No.:	91-124-4610801/899
Fax No.:	91-124-4369692
Factory 2/ Head Office :	27 and 28, IDC, Mehravli road, Gurgaon-122 006, Haryana, India
Tel. No.:	91-124-5081970/2362936-37/22622027-28/5084096
Fax No.:	91-124-2362836/2327403
E-Mail :	roopggn@nda.vsnl.com
Area :	2500 sq. ft.
Location :	Owned
Factory 3 :	68, Roz-Ka- Meo Industrial Area, Sohna, Gurgaon, Haryana, India
Area :	1000 sq. ft.
Location :	Owned
Overseas Offices:	Located At: · USA · France

DIRECTORS

AS ON 30.09.2011

Name :	Mr. Anil Jain
Designation :	Managing Director
Address :	L-26/05, DLF Phase - 11, Gurgaon- 122 001, Haryana, India
Date of Birth/Age :	01.09.1955
Date of Appointment :	20.05.1996
DIN No :	00046879

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	U18101DL1996PLC079003	ROOP POLYMERS LIMITED	Managing director	01/12/2010	20/05/1996	-	Active	NO
2	U25199HR1986PLC026152	ROOP RUBBER MILLS LIMITED	Director	02/09/2004	02/09/2004	-	Active	NO
3	U17291HR2007PTC037393	ARINNA MARKETING PRIVATE LIMITED	Director	16/11/2007	16/11/2007	-	Under Process of Striking off	NO
4	U28910HR2007PTC037392	ROOP ARINNA FABRICATORS PRIVATE LIMITED	Director	16/11/2007	16/11/2007	-	Active	NO
5	U25192HR2011PTC042766	Roop Koepp Foam Technologies Private Limited	Director	26/04/2011	26/04/2011	-	Active	NO

Name :	Mr. Hitesh Jain
Designation :	Whole Time Director
Address :	103-L, New Colony, Gurgaon – 122001, Haryana, India
Date of Birth/Age :	15.05.1959
Date of Appointment :	20.05.1996
DIN No :	00046850

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	U18101DL1996PLC079003	ROOP POLYMERS LIMITED	Whole-time director	01/12/2010	20/05/1996	-	Active	NO
2	U34300HR1990PLC030932	ROOP AUTOMOTIVES LIMITED	Director	27/12/2002	27/12/2002	01/10/2007	Active	NO
3	U25199HR1986PLC026152	ROOP RUBBER MILLS LIMITED	Director	02/09/2004	02/09/2004	-	Active	NO
4	U17291HR2007PTC037393	ARINNA MARKETING PRIVATE LIMITED	Director	16/11/2007	16/11/2007	-	Under Process of Striking off	NO
5	U28910HR2007PTC037392	ROOP ARINNA FABRICATORS PRIVATE LIMITED	Director	16/11/2007	16/11/2007	-	Active	NO
6	U25192HR2011PTC042766	Roop Koepp Foam Technologies Private Limited	Director	26/04/2011	26/04/2011	-	Active	NO

Name :	Mr. Mohit Oswal
Designation :	Director
Address :	103-L, New Colony, Gurgaon – 122001, Haryana, India
Date of Birth/Age :	28.08.1965
Date of Appointment :	20.05.1996
DIN No :	00046674

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	U34300HR1990PLC030932	ROOP AUTOMOTIVES LIMITED	Whole-time director	01/04/2010	12/05/1990	-	Active	NO
2	U18101DL1996PLC079003	ROOP POLYMERS LIMITED	Director	20/05/1996	20/05/1996	-	Active	NO

Name :	Mr. Prem Kurnar
Designation :	Director
Address :	B-361174, Vikas Nagar, Pakhowal Road, Ludhiana- 14 1002, India
Date of Birth/Age :	26.06.1963
Date of Appointment :	29.10.2005
DIN No :	00051349

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	L51909MH1986PLC221031	AARYA GLOBAL SHARES AND SECURITIES LIMITED	Director	30/09/2004	30/09/2004	26/10/2007	Active	NO
2	U18101DL1996PLC079003	ROOP POLYMERS LIMITED	Director	29/10/2005	29/10/2005	-	Active	NO
3	U34300HR1990PLC030932	ROOP AUTOMOTIVES LIMITED	Director	30/09/2008	10/02/2008	-	Active	NO
4	U67120CH2000PLC023244	L S E SECURITIES LIMITED	Nominee director	14/02/2009	14/02/2009	-	Active	NO
5	L51909PB2000PLC023679	SEL MANUFACTURING COMPANY LIMITED	Director	07/08/2010	13/07/2010	-	Active	NO

Name :	Mr. R. S. Kundi
Designation :	Director
Address :	258-B, Sector - 14, Gurgaon- 1 2200 1, Haryana, India
Date of Birth/Age :	15.02.1941
Date of Appointment :	20.05.1996
DIN No :	00203082

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	U35999HR1998PTC033930	PARAM AUTO DIE PVT. LTD.	Director	28/04/1998	28/04/1998	-	Active	YES
2	U34300HR1997PLC035283	FCC RICO LIMITED	Director	05/08/1998	05/08/1998	-	Active	NO
3	U18101DL1996PLC079003	ROOP POLYMERS LIMITED	Director	20/05/2006	20/05/2006	-	Active	NO
4	U28112HR2010PLC039941	AAN ENGINEERING INDUSTRIES LIMITED	Director	09/07/2011	08/04/2011	-	Active	NO

Name :	Mr. Rishi Jain
Designation :	Director
Address :	103-L, New Colony, Gurgaon – 122001, Haryana, India
Date of Birth/Age :	29.11.1990
Date of Appointment :	04.08.2010
DIN No :	03160582
Name :	Mr. Kunal Jain
Designation :	Whole Time Director
Address :	103-L, New Colony, Gurgaon – 122001, Haryana, India
Date of Birth/Age :	02.11.1985
Date of Appointment :	19.01.2011
DIN No.:	03386898

KEY EXECUTIVES

Name :	Ms. Pooja Nirmal
Designation :	Company Secretary
Address :	46D/3, Gopal Nagar, Near City Bus Stand, Gurgaon- I2200 1, Haryana, India
Date of Birth/Age :	20.01.1987
Date of Appointment :	17.07.2010
PAN No :	AIBPN1385N

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2011

Names of Shareholders	No. of Shares
Anil Jain	1572700
Mohit Oswal	492100
Hitesh Jain	778200
Anju Jain	200400
Kanta Jain	12000
Meenakshi Jain	99500
Sarita Oswal	100000
Meenakshi Kilm	80000
K. L. Appachu	50000
Suneer Jain	20000
Ram Prasad Jain	11000
Vibhav Kilm	5000
Garde	20000
Pawan Siegell	30000
Sudhir	226020
Roop Rubber Mills Limited, India	2670100
Roop Automotives Limited, India	60100
Technico Agencies Private Limited, India	60000
M. S. Capital and Management Services Limited, India	75000
Kush Leasing Private Limited, India	75000
M. S. Leasing Private Limited, India	50000
Prateek Securities Private Limited, India	50000
Pass Food Production Private Limited, India	60000
PCB Constructions Private Limited, India	50000
Total	6847120

LIST OF ALLOTTEES AS ON 14.04.2012

Names of Shareholders	No. of Shares
Hitesh Jain	560000
Meenakshi Jain	100000
Rishi Jain	170000
Total	830000

AS ON 30.09.2011

Equity Share Breakup		Percentage of Holding
Category
Bodies corporate		46.00
Directors or relatives of directors		47.53
Other top fifty shareholders		6.47
	Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of Rubber and Plastic for Auto Components
Products :	Moulded/ Extruded Rubber Parts

GENERAL INFORMATION

Customers :

· Bajaj

· Hero Honda

· Honda

· Mahindra 2 Wheelers Suzuki

· Yamaha

· Ashok Leyland

· JCBL Limited

· New Holland

· Maruti Suzuki

· Honda

· Denso

· Huber-Suhner

· Minda

· Tata Autocomp Systems Limited

· Escorts

· Indian Railway

No. of Employees :

Not Available

Bankers :

· Citi Bank N.A, Jeevan Bharti Building, 4th Floor, 124 Connaught Circus, Connaught Place, New Delhi - 110001, Delhi, India

· Kotak Mahindra Bank Limited, 15-16 Upper Ground Floor, Ambadeep Building, 14, Kasturba Gandhi Marg, New Delhi – 110001, Delhi, India

Facilities :

Secured Loans :	As on 31.03.2011 Rs. in Millions	As on 31.03.2010 Rs. in Millions
Rupee term loans banks secured	136.506	81.550
Foreign currency loans banks secured	25.000	0.000
Working capital loans banks secured	35.705	93.403
Working capital loans financial institutions secured	26.000	0.000
Loans taken for vehicles secured	12.709	3.777
Total	235.920	178.730

Unsecured Loans :	As on 31.03.2011 Rs. in Millions	As on 31.03.2010 Rs. in Millions
Loans directors unsecured	1.700	0.000
Deferred sales tax loan unsecured	0.000	12.026
Total	1.700	12.026

Banking Relations :	--
Auditors :
Name :	Scan Associated Chartered Accountants
Address :	108, Aradhana Bhawan, Azadpur Commercial Cmplex, Delhi-110 0033, India
Tel. No.:	91-11-27671631/27672697
E-mail Id :	bansal.scan@gmail.com
PAN No.:	AANFS3580L
Entities over which Key Managerial Personnel are able to exercise significant influence:	· Roop Rubber Mills Limited · Roop Arima Fabricators Private Limited · Jainco Rubber Industries Limited · Roop Auto Limited · S A Agencies – Partnership Firm

CAPITAL STRUCTURE

After 30.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
8245000	Equity Shares	Rs. 10/- each	Rs.82.450 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
7677120	Equity Shares	Rs. 10/- each	Rs.76.771 Millions

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
7245000	Equity Shares	Rs. 10/- each	Rs. 72.450 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
6847120	Equity Shares	Rs. 10/- each	Rs. 68.471 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		68.471	68.471	68.471
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		347.428	214.480	152.816
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		415.899	282.951	221.287
LOAN FUNDS
1] Secured Loans		235.920	178.730	222.848
2] Unsecured Loans		13.726	12.026	15.767
TOTAL BORROWING		249.646	190.756	238.615
DEFERRED TAX LIABILITIES		0.000	0.000	2.159
TOTAL		665.545	473.707	462.061
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		434.544	374.494	359.376
Capital work-in-progress		38.795	0.003	5.757
INVESTMENT		17.604	14.801	14.137
DEFERREX TAX ASSETS		0.680	0.884	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	101.705	58.900	60.866
	Sundry Debtors	384.307	281.531	234.291
	Cash & Bank Balances	26.228	9.269	11.901
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	89.986	68.335	38.152
Total Current Assets		602.226	418.035	345.210
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	266.961	204.889	223.998
	Other Current Liabilities	108.343	93.507	30.346
	Provisions	53.000	36.114	8.075
Total Current Liabilities		428.304	334.510	262.419
Net Current Assets		173.922	83.525	82.791
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		665.545	473.707	462.061

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	1710.284	1161.807	827.388
		Other Income	6.758	2.081	6.011
		Profit on sale of Fixed Assets	0.000	0.000	(0.032)
		TOTAL (A)	1717.042	1163.888	833.367
Less	EXPENSES
		Consumption Materials Changes Inventories	959.563	626.686
		Manufacturing Service Costs	118.089	81.384
		Contract Cost	71.989	59.558
		Employee Related Expenses	190.560	137.135
		Administrative Selling Other Expenses	95.799	78.231
		TOTAL (B)	1436.000	982.994	717.019
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		281.042	180.894	116.348
Less	FINANCIAL EXPENSES (D)		19.985	19.479	27.075
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		261.057	161.415	89.273
Less/ Add	DEPRECIATION/ AMORTISATION (F)		74.923	64.156	65.450
	PROFIT BEFORE TAX (E-F) (G)		186.134	97.259	23.823
Less	TAX (H)		53.186	35.643	3.983
	PROFIT AFTER TAX (G-H) (I)		132.948	61.616	19.840
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		NA	152.816	132.976
	BALANCE CARRIED TO THE B/S		347.380	214.432	152.816
	EXPORT VALUE		NA	61.200	63.600
	Earnings Per Share (Rs.)		19.41	09.00	3.00

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	7.74	5.29	2.38
Net Profit Margin (PBT/Sales)	(%)	10.88	11.75	2.88
Return on Total Assets (PBT/Total Assets}	(%)	17.95	12.27	3.38
Return on Investment (ROI) (PBT/Networth)		0.45	0.34	0.11
Debt Equity Ratio (Total Liability/Networth)		1.63	1.86	2.26
Current Ratio (Current Asset/Current Liability)		1.41	1.25	1.32

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	Yes
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	Yes
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	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

FORM 8

Corporate identity number of the company	U18101DL1996PLC079003
Name of the company	ROOP POLYMERS LIMITED
Address of the registered office or of the principal place of business in India of the company	1^st Floor, Hasan Building, Near Minerva Cinema, Kashmere Gate, Delhi-110 006, India
This form is for	Modification of charge
Type of charge	Book debts Movable property (not being pledge) Immovable property Floating charge
Particular of charge holder	Kotak Mahindra Bank Limited
Nature of instrument creating charge	Suppemental Deed Of Hypothcation Dated 25/05/2012
Date of instrument Creating the charge	25.05.2012
Amount secured by the charge	Rs. 216.000 millions4
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest As per sanction letter / or such other rate as may be prescribed by the bank from time to time. Terms of repayment As per Sanction terms of the facilities sanctioned. Margin The Company shall maintain such margin as may be specified by the bank from time to time. Extent and operation of the charge First Pari Passu With Charge(S) Created/To Be Created Therover By The Borrower In Favour Of Kotak Mahindra Bank Limited For Rs. 80.000 Millions (Working Capital Facilities) And Exclusive Charge In Favour Of Kotak Mahindra Bank Limited For Rs. 136.000 Millions (Term Loan Facilities)
Short particulars of the property charged (Including location of the property)	OR WORKING CAPITAL: The whole of the borrower's current assets, both present and future FOR TERM LOAN: The borrower's moveable fixed assets, both present and future acquired with the proceeds of the facility from the Bank additionally secured by all that piece of land bearing Plot No. 30 admeasuring 11550 Sq. meter and situated in Sector 3, Industrial Estate IMT, Manesar, Gurgaon Haryana
Date	19/12/2011
Particulars of the present modification	Overall limit has been enhanced from Rs. 191.200 Millions to Rs. 216.000 Millions. First pari passu charge on all existing and future current assets of borrower in relation to WC facility of Rs. 80.000 Millions. Exclusive charge on moveable fixed assets for TL facilities of Rs. 136.000 Millions. The above is additionally secured by all that piece of land bearing Plot No. 30 admeasuring 11550 Sq. meter and situated in Sector 3, Industrial Estate IMT, Manesar, Gurgaon Haryana

FIXED ASSETS:

· Land

· Building

· Furniture and Fixture

· Moulds

· Cycle

· Electrical Fitting

· Air Conditioner

· Refrigerator

· Plant and machinery

· Fire Fighting Equipments

· Vehicle

· Computer

· Office Equipments

AS PER WEBSITE DETAILS

OVERVIEW

Established in 1973 in the automotive industrial hub of Gurgaon, subject is the flagship company of the Roop Group. With over 35 years of rich experience in the automotive industry, subject today is a world class manufacturer of Moulded and Extruded Rubber and Plastic parts for Automotive OEM around the globe. It operates through 6 state of the art manufacturing facilities which are strategically located near the OEM customer base in Gurgaon, Sohna and IMT Manesar in Haryana and Pantnagar in Uttranchal. All the subject plants are TS-16949 and ISO 14001 certified and meet the most stringent quality norms set by its diverse range of customers. Apart from supplying to automotive majors in India like Maruti Suzuki, Honda, Hero Honda, Bajaj Auto etc., subject is also a major supplier to TRW, USA for their critical rubber parts requirement.

subject has a unique capability to process rubber parts in all grades like NR, NBR, SBR, EPDM, Silicon, Viton, Neoprene, Chloroprene, HNBR, Fluoro, Isoprene, Hyplone, etc., and plastic parts in grades like PP (Polypropylen), PVC (Polyvinylchlorid), TPE (Thermoplastic rubber), PA 66, PA66 + Glass Fibre, POM (Polyoxymethylen), Santoprene, Desmopan, etc. It therefore offers a 'one stop shop' engineering solutions to all the customers through its expertise in designing, development, tooling, moulding, extrusion, assembly, painting, testing and delivery capabilities across the globe. Backed by its technical capabilities and highly enthusiastic workforce, subject today has become a supplier of choice for the Indian Automotive industry.

MANAGEMENT PROFILE

Anil Jain

Managing Director

Anil Jain has a vast experience of more than 35 years in the Automotive Industry primarily in Rubber and Plastic products manufacturing. His core competency lies in the Technical aspects of the business and is responsible for leading the Engineering, Purchase and Business Development functions of the organization.

Hitesh Jain

Executive/Promoter Director

Hitesh Jain also has a vast experience of more than 30 years in the Automotive Industry primarily in Rubber and Plastic products manufacturing. His core competency lies in Operations and he is responsible for leading Manufacturing, Quality and Marketing functions of the company.

Mohit Oswal

Executive/Promoter Director

Mohit Oswal has an extensive experience of more than 15 years in the auto component industry. He has an MBA degree in Finance from Jammu University. He is responsible for leading the International business, HR and Finance related activities of Roop Polymers.

Kunal Jain

Executive Director

Kunal is the next generation entrepreneur having MSc. degree from Warwick University, UK. He has worked with Cummins in UK for 2.5 years in the Global Operations team as a Six Sigma Black Belt. His focus areas in RPL are Operational improvements and IT systems.

MILESTONES

1973

Inception of Roop Rubber Mills Pvt. Ltd, now called Roop Polymers Ltd.

1985

Start of OEM supplies to Maruti Suzuki and Hero Honda

1995

Best Vendor Performance award from Maruti Suzuki

1997

Foray into Rubber Extrusions, New Plant established at Sohna

1997

Start of OEM supplies to Honda Siel Car India

2003

Certified as TS 16949 company

2004

Certified as ISO 14001 company

2006

One of the 16 vendors selected by Bajaj Auto to establish a plant for dedicated supply to Bajaj Auto in Uttranchal

2007

Diversification into Plastic Injection Molded Products

2007

Two plants commissioned in Manesar and Pant Nagar

2008

Partnership with Manta line Corporation of USA for sourcing Rubber Extruded parts

2011

Roop Koepp Joint Venture in 2011

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.55.52
UK Pound	1	Rs.88.49
Euro	1	Rs.70.20

INFORMATION DETAILS

Report Prepared by :

BSN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	7
--LIQUIDITY	1~10	6
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		51

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.