MIRA INFORM REPORT

Report Date :

29.09.2012

IDENTIFICATION DETAILS

Name :	PRATAAP SNACKS PRIVATE LIMITED
Registered Office :	Khasra No.: 378/2, Nemawar Road, Near Makrand House, Indore-452020, Madhya Pradesh
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	23.03.2009
Com. Reg. No.:	10-021746
Capital Investment / Paid-up Capital :	Rs.3.080 millions
CIN No.: [Company Identification No.]	U15311MP2009PTC021746
TAN No.: [Tax Deduction & Collection Account No.]	BPLP03903E
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Different Types Namkins and Potato Based Snacks.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (48)

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

Maximum Credit Limit :	USD 268000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is a part of BCM Group. It is having satisfactory track record. Trade relation are reported to be fair. Business is active. Payment are reported to be usually correct 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 bank facilities)
Rating Explanation	Having moderate degree of safety regarding timely servicing of financial obligation it carry moderate credit risk.
Date	29.09.2010

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 :	Khasra No.: 378/2, Nemawar Road, Near Makrand House, Indore-452020, Madhya Pradesh, India
Tel. No.:	91-731-3249200 / 3269200
Fax No.:	Not Available
E-Mail :	diamondsdco@gmail.com rajendrasoni588@gmail.com
Branches :	UG-21 BCM Heights, Near Bombay Hospital, Scheme NO.54, Indore-452001, Madhya Pradesh, India

DIRECTORS

As on 30.09.2011

Name :

Arvind Mehta

Designation :

Director

Address :

9B, Janki Nagar NX, Indore-454001, Madhya Pradesh, India

Date of Birth/Age :

31.08.1967

Date of Appointment :

12.05.2011

DIN No.:

00215183

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	U24132MP1994PTC008407	SWASTIK PLASTICIZER AND PVC PIPES INDORE PRIVATE LIMITED	Director	15/06/1994	15/06/1994	31/03/2008	Active	NO
2	U45203MP1997PTC011855	ORANGE INFRACON PRIVATE LIMITED	Director	28/04/1997	28/04/1997	-	Active	NO
3	U45201MH2001PTC132797	BCM REALTY PRIVATE LIMITED	Director	19/07/2001	19/07/2001	-	Active	NO
4	U15316MH2002PTC180293	PRAKASH SNACKS PRIVATE LIMITED	Director	19/12/2002	19/12/2002	-	Active	NO
5	U15311MP2009PTC021746	PRATAAP SNACKS PRIVATE LIMITED	Director	30/09/2011	12/05/2011	-	Active	NO
6	U15440MP2011PTC027377	PURE N SURE FOOD BITES PRIVATE LIMITED	Director	27/12/2011	27/12/2011	-	Active	NO

Name :

Amit Kumar Kumat

Designation :

Director

Address :

14, Gulab Par, Mahesh Nagar, Indore-452003, Madhyapradesh, India

Date of Appointment :

12.05.2011

DIN No.:

02663687

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	U01513MP1994PLC008576	HELLO AGRO FOOD PRODUCTS LIMITED	Director	14/09/1994	14/09/1994	01/07/2007	Active	NO
2	U15311MP2009PTC021746	PRATAAP SNACKS PRIVATE LIMITED	Director	30/09/2011	12/05/2011	-	Active	NO
3	U15440MP2011PTC027377	PURE N SURE FOOD BITES PRIVATE LIMITED	Director	27/12/2011	27/12/2011	-	Active	NO

Name :

Mr. Ganapathyagraharam Venkataraman Ravishankar

Designation :

Director

Address :

Sequoia Capital India Advisors Private Limited, The Millenia, Tower A, 1 and 2, Murphy Road, Ulsoor, Bangalore-560008, Karnataka, India

Date of Appointment :

12.05.2011

DIN No.:

02604007

Other Directorship:

	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	U65921TZ1994PLC005299	MANAPPURAM FINANCE TAMIL NADU LIMITED	Alternate director	31/07/2009	31/07/2009	-	Amalgamated	NO
2	L65910KL1992PLC006623	MANAPPURAM FINANCE LIMITED	Alternate director	31/07/2009	31/07/2009	11/05/2010	Active	NO
3	U71110DL2000PTC189230	CARZONRENT (INDIA) PRIVATE LIMITED	Alternate director	15/04/2010	15/04/2010	28/10/2010	Active	NO
4	U80101AP2010PTC067690	K12 TECHNO SERVICES PRIVATE LIMITED	Nominee director	20/08/2010	20/08/2010	-	Active	NO
5	U65922HR1998PLC042782	INDIA SHELTER FINANCE CORPORATION LIMITED	Director	30/09/2010	28/08/2010	-	Active	NO
6	U65999KA2000PTC033945	SEQUOIA CAPITAL INDIA ADVISORS PRIVATE LIMITED	Managing director	04/02/2011	04/02/2011	-	Active	NO
7	U63040KA2007PTC041672	FLIGHT RAJA TRAVELS PRIVATE LIMITED	Alternate director	09/02/2011	09/02/2011	09/02/2012	Active	NO
8	U15311MP2009PTC021746	PRATAAP SNACKS PRIVATE LIMITED	Director	30/09/2011	12/05/2011	-	Active	NO
9	U85191WB2010PTC151530	GLOCAL HEALTHCARE SYSTEMS PRIVATE LIMITED	Director	04/08/2011	04/08/2011	-	Active	NO
10	U93000PN2010PTC136943	FAASO'S FOOD SERVICES PRIVATE LIMITED	Additional director	22/11/2011	22/11/2011	-	Active	NO
11	U15440MP2011PTC027377	PURE N SURE FOOD BITES PRIVATE LIMITED	Director	27/12/2011	27/12/2011	-	Active	NO
12	U72200OR2004PTC007691	EDUSYS SERVICES PRIVATE LIMITED	Alternate director	17/02/2012	17/02/2012	-	Active	NO

Name :

Mr.Bharadwaj Thiruvenkata Venkatavaraghavan

Designation :

Director

Address :

702, Orchid Tower-A, 241/242, Bellasis Road, Mumbai Central, Mumbai-400008, Maharashtra, India

Date of Appointment :

12.05.2011

DIN No.:

02918495

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	U85110TN2007PTC064072	VASAN HEALTH CARE PRIVATE LIMITED	Nominee director	18/12/2009	18/12/2009	-	Active	NO
2	U74899DL1995PTC065388	DR. LAL PATHLABS PRIVATE LIMITED	Alternate director	02/08/2010	02/08/2010	25/04/2011	Active	NO
3	U65999KA2000PTC033945	SEQUOIA CAPITAL INDIA ADVISORS PRIVATE LIMITED	Managing director	04/02/2011	04/02/2011	-	Active	NO
4	U24232AP2001PLC036097	CELON LABORATORIES LIMITED	Nominee director	03/11/2011	15/02/2011	-	Active	NO
5	U15311MP2009PTC021746	PRATAAP SNACKS PRIVATE LIMITED	Director	30/09/2011	12/05/2011	-	Active	NO
6	U24239AP2002PLC038581	SWYZER LABORATORIES LIMITED	Director	19/09/2011	06/08/2011	-	Active	NO
7	L17110MH1987PLC044835	LOVABLE LINGERIE LIMITED	Nominee director	22/09/2011	22/09/2011	-	Active	NO
8	U72200KA1998PTC024536	TRIBI SYSTEMS PRIVATE LIMITED	Additional director	05/10/2011	05/10/2011	-	Active	NO
9	U15440MP2011PTC027377	PURE N SURE FOOD BITES PRIVATE LIMITED	Director	27/12/2011	27/12/2011	-	Active	NO
10	U51311DL1998PTC097184	GENESIS COLORS PRIVATE LIMITED	Additional director	28/02/2012	28/02/2012	-	Active	NO
11	U51311PB2001PLC024753	COTTON COUNTY RETAIL LIMITED	Nominee director	27/06/2012	27/06/2012	14/08/2012	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Equity Shares
Rajesh Mehta	41250
Naveen Mehta	41250
Arvind Mehta	26250
Arun Mehta	26250
Sandhya Kumat	6600
Rakhee Kumat	6000
Rita Mehta	22050
Apoorva Kumat	16050
Pankaj Kumar	3500
Amit Kumat	16650
Ajay Ostwal	5000
Kanta Mehta	22150
Usha Mehta	7250
Pawan Kumar	3500
R. Premchand Chordia	2000
Mangilal Ostwal	5000
Abhishek Ostwal	5000
Akshay Ostwal	5000
Sudhalata Ostwal	4000
P.Gyanchand Chordia	2750
Lata Chordia	4250
Sushila Kawar	2000
Vasnti Kawar	2000
Rekha Mehta	7250
Rakesh Kumar Chordiya	2500
Premlata Kumat	8150
Sudhir Kumat	8150
Swati Bapna	6200
Total	308000

Names of Shareholders	No. of Preference Shares
SCI Growth Investment II	30800
Total	30800

List of Allottees as on 21.10.2011

Names of Allottees	No. of Preference Shares
SCI Growth Investments II, Mauritius	36139
Total	36139

List of Allottees as on 13.05.2011

Names of Allottees	No. of Shares
SCI Growth Investments II, Mauritius	30800
Total	30800

List of Allottees as on 16.03.2012

Names of Allottees	No. of Preference Shares
SCI Growth Investments II, Mauritius	13635
Total	13635

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2011

Category	Percentage
Directors or relatives of Directors	48.07
Other top fifty shareholders	51.93
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Different Types Namkins and Potato Based Snacks.

Products :

Item Code No	15138
Product Description	Potato Based Snacks

PRODUCTION STATUS AS ON 31.03.2011

Particulars	Unit	Licensed Capacity	Installed Capacity
Potato Chips Plant	MT (Per Annum)	6000	6000
Extruded Snacks	MT (Per Annum)	6000	3000

GENERAL INFORMATION

Suppliers :

· AAR Industrial Products

· Ceramix Syndicate

· Joshi Associates

· Muskan Steel

· Noida Faboon Machine Private Limited

· RKGS consultant Private Limited

· Siddharth Starch Private Limited

· SKD Window Fashio Private Limited

· Video Technologies Private Limited

· Choudhary Traders

· Godawari Udyog

· Shreya Potato

· Shri Mahaveer Traders

· Siddhi Vinayak Agri Processing Private Limited

· Venkatesh Natural Extract Private Limited

· Daksh Packaging

· Umax Packaging Limited

· Arvind Steel Furniture

· S. K. Traders

· Shreenath Automations

· Super Power Control

· Vishal Engineering

· Vishwadarshan

· Appu Indian Roadways

· Arpit Roadlines

· Delhi Faridabad Roadlines

· Economic Transport Company

· India Vehicle Carriers Private Limited

· Kashi Roadways

· Rajan Roadlines

· Rohit Roadways

· Sudha Transport

· Yuraj India Transport Corporation

Customers :

· Aashi Enterprises, Delhi

· Deep Enterprises, Haryana

· Deepak Enterprises, Jaipur

· Golden Store, Amritsar

· Mahalaxmi Enterprises, Faridabad

· Plus Enterprises, Mumbai

· Pradeep Enterprises, Mumbai

· R.K. Enterprises, Mumbai

· RMC Marketing Private Limited, Pune

· Royal Sales, Haryana

· Seth Enterprise, Amritsar

· Shiv Care, Rudrapur

No. of Employees :

Not Available

Bankers :

· State Bank of India, Commercial Branch, A.B. Road (Near Gop), Indore-452001, Madhya Pradesh, India

· Central Bank of India, Mid Corporate Branch, 2^nd Floor, Palika Plaza, Phase-I, MTH Compound, Indore-452001, Madhya Pradesh, India

Facilities :

Secured Loan	31.03.2011 (Rs. in Millions)	31.03.2010 (Rs. in Millions)
State Bank of India – Term Loan A/c (Secured against hypothecation of Plant and Machinery and Personal Guarantee of directors)	74.714	80.805
State Bank of India – Cash Credit Account (Secured against hypothecation of Raw Material and Finished Goods)	27.890	23.407
State Bank of India – Term Loan A/c (Secured against hypothecation of Plant and Machinery and Personal Guarantee of director)	45.039	0.000
Total	147.643	104.212
Unsecured Loan	31.03.2011 (Rs. in Millions)	31.03.2010 (Rs. in Millions)
From Directors and Shareholders	1.000	27.739
Total	1.000	27.739

Banking Relations :	--
Auditors :
Name :	Pramod P. Chopra and Associates Chartered Accountants
Address :	105, Wing-A Shalimar Corpoarte Center, 8-B South Tukoganj, INDORE-452001, Madhya Pradesh, India
Tel. No.:	91-731-2524282
Mobile No.:	91-731-2419385
PAN No.:	ABKPC5678B

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.10/- each	Rs.5.000 Millions
70000	Preference Shares	Rs.100/- each	Rs.7.000 Millions
	Total		Rs.12.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
308000	Equity Shares	Rs.10/- each	Rs.3.080 Millions

As on 30.09.2011

Authorised Capital : Rs.13.060 Millions

Issued, Subscribed & Paid-up Capital : Rs.11.137 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		3.080	2.010
2] Share Application Money		0.000	15.000
3] Reserves & Surplus		64.103	17.290
4] (Accumulated Losses)		0.000	(5.942)
NETWORTH		67.183	28.358
LOAN FUNDS
1] Secured Loans		147.643	104.212
2] Unsecured Loans		1.000	27.739
TOTAL BORROWING		148.643	131.951
DEFERRED TAX LIABILITIES		11.271	6.189
TOTAL		227.097	166.498
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		217.877	144.794
Capital work-in-progress		0.000	0.000
INVESTMENT		0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	49.568	35.987
	Sundry Debtors	28.998	0.917
	Cash & Bank Balances	0.191	0.135
	Other Current Assets	0.000	0.000
	Loans & Advances	8.267	5.017
Total Current Assets		87.024	42.056
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	42.123	18.904
	Other Current Liabilities	28.351	1.535
	Provisions	7.450	0.050
Total Current Liabilities		77.924	20.489
Net Current Assets		9.100	21.567
MISCELLANEOUS EXPENSES		0.120	0.137
TOTAL		227.097	166.498

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010
	SALES
		Sales	466.326	17.224
		Other Income	0.024	0.283
		TOTAL	466.350	17.507
Less	EXPENSES
		Cost of Materials	334.202	11.618
		Manufacturing Expenses	43.964	2.708
		Employees Remuneration	3.895	0.754
		Selling and Distribution Expenses	30.124	1.002
		Preliminary Expenditure Written off	0.015	0.015
		Administrative Expenses	0.360	0.070
		TOTAL	412.560	16.167
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		53.790	1.340
Less	FINANCIAL EXPENSES		13.078	0.223
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		40.712	1.117
Less/ Add	DEPRECIATION/ AMORTISATION		6.450	0.821
Add	Past Year Adjustment		0.002	0.000
	PROFIT BEFORE TAX		34.264	0.296
Less	TAX		12.539	6.238
	PROFIT AFTER TAX		21.725	(5.942)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(5.942)	0.000
	BALANCE CARRIED TO THE B/S		15.783	(5.942)
	IMPORTS
		Machinery	15.796	5.077
		Raw Material	0.272	2.334
	TOTAL IMPORTS		16.068	7.411
	Earnings Per Share (Rs.)		7.53	(29.56)

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010
PAT / Total Income	(%)	4.66	(33.94)
Net Profit Margin (PBT/Sales)	(%)	7.35	1.71
Return on Total Assets (PBT/Total Assets}	(%)	11.24	0.15
Return on Investment (ROI) (PBT/Networth)		0.51	0.01
Debt Equity Ratio (Total Liability/Networth)		3.37	5.59
Current Ratio (Current Asset/Current Liability)		1.12	2.05

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 two years	Yes
12]	Profitability for last two 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	No
17]	Major suppliers	Yes
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	Yes

Note:

The Registered office of the company has been shifted from UG-21 BCM Heights, Near Bombay Hospital, Scheme No.54, Indore-452001, Madhya Pradesh, India to the present address w.e.f.02.08.2011

PERFORMANCE REVIEW:

The Company is Food Processing Industry engaged in the manufacturing of different types Namkins and Potato based Snacks, the activity of company is classified under two divisions namely “Potato Chips Division” and “Extruded Snacks” and “Namkeen Division”. The working performance of each division is as under:

POTATO CHIPS DIVISION:

During the year chips division performed exceptionally well and contributed Rs.448.975 towards company’s turnover. The profit before depreciation and taxed of the said division is Rs.39.521 Millions.

Extruded SNACKES AND OTHERS DIVISION:

During the year Extruded Snacks (Puff) and Namkeen division has also performed exceptionally well and contributed Rs.17.350 Millions towards the company turnover. The profit before depreciation and taxes of said division is Rs.1.190 Millions

OVERALL PERFORMANCE:

The Year has been a remarkable, the turnover and other Income of the company has increased considerably from Rs.17.508 Millions in previous year to Rs.466.349 Millions for the year. The Profit before tax has increased from Rs.0.296 Millions in previous year to Rs.40.712 Millions in the current year. The company registered a Net Profit of Rs.21.725 Millions for the year against a Loss of Rs.5.942 Millions in the previous year. The Directors are confident of achieving better results in the ensuing year.

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U15311MP2009PTC021746
Name of the company	Prataap Snacks Private Limited
Address of the registered office or of the principal place of business in India of the company	Khasra No.: 378/2, Nemawar Road, Near Makrand House, Indore-452020, Madhya Pradesh, India Email: diamondsdco@gmail.com
This form is for	Creation of charge
Type of charge	Immovable property Book debts Movable property (not being pledge) Floating charge
Particular of charge holder	Central Bank of India, Mid Corporate Branch, 2^nd Floor, Palika Plaza, Phase-I, MTH Compound, Indore-452001, Madhya Pradesh, India Email: agmindo3827@centralbank.co.in
Nature of instrument creating charge	Agreement of Hypothecation. Recital for Deposit of Title Deed for Equitable Mortgage
Date of instrument Creating the charge	02.03.2012
Amount secured by the charge	Rs.250.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Cash Credit: BR+2.00% Term Loan: BR+2.00%+0.50% (with 364 days reset clause) Terms of Repayment Term Loan of Rs. 240.000 Millions is to be repaid in 12 quarterly installments of Rs. 20.000 Millions each commencing from March 2013. Further, the interest is to be serviced as and when charged. Margin Cash Credit: Stock - 25% and Receivable - 25% (Not Older than 90 days) Term Loan: 43.68% LC (Sub Limit within TL) : 25% Extent and Operation of the charge Hypothecation of entire current assets including stocks, book debts, Packing Material and entire assets including plant and machinery, spares, furniture etc. More particularly described in Schedule-B of hypothecation agreement. Equitable Mortgage on land and building situated at Nemawar Road, Palda, Indore, more particularly described in Agreement and Recital. Others Total facility of Rs. 250.000 Millions includes: Cash credit = Rs. 10.000 Millions Term Loan = Rs. 240.000 Millions LC (Within TL) = (Rs. 2.200 Millions)
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Equitable Mortgage on free hold land situated at Khasra no. 378/1/4/1, Nemawar Road, Gram Palda, Indore, admeasuring 0.340 Hect. along with building constructed thereon. Equitable Mortgage of diverted land situated at Khasra no. 378/4/1, Nemawar Road, Gram Palda, Indore, admeasuring 1.102 Hect. along with building constructed thereon. Equitable Mortgage of diverted land situated at Khasra no. 378/4/1 Peki, Nemawar Road, Gram Palda, Indore, admeasuring 0.735 Hect. along with building constructed thereon. Equitable Mortgage of diverted land situated at Khasra no. 378/4/1 Peki, Nemawar Road, Gram Palda, Indore, admeasuring 0.367 Hect. along with building constructed thereon. Equitable Mortgage of diverted land situated at Khasra No 378/2/1, Peki, Nemawar Road, Gram Palda, Indore, admeasuring 0.645 Hect. along with building constructed thereon. Equitable Mortgage of diverted land situated at Servay no. 14/2, 17/1 & 14/3 & 17/3, Peki Nemawar Road, Gram Nayta Mundala, Indore, admeasuring 0.117 Hect. along with building constructed thereon. Equitable Mortgage of diverted land situated at Servay no. 14/2, 17/1 & 14/3 & 17/3, Nemawar Road, Gram Mundla Nayta, Indore, admeasuring 0.716 Hect. along with building constructed thereon. Hypothecation of entire current assets including stocks, book debts, Packing Material and entire assets including plant and machinery, spares, furniture etc.

FIXED ASSETS:

· Factory Land

· Factory Building

· Plant and Machinery

· Site Development

· Etp Plant

· D.G.Set

· Lab Equipment

· Fire Engineering

· Electrical Installation

· Furniture and Fixture

· Computer and Printer

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. 52.70
UK Pound	1	Rs. 85.71
Euro	1	Rs. 68.15

INFORMATION DETAILS

Report Prepared by :

MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		48

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
NB		NEW BUSINESS

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.