MIRA INFORM REPORT

Report Date :

03.12.2013

IDENTIFICATION DETAILS

Name :	RAJ PETRO SPECIALITIES PRIVATE LIMITED (w.e.f. 14.05.2007)
Formerly Known As :	SURYODAY BLENDING PRIVATE LIMITED
Registered Office :	1^st Floor, 124, G. D. Ambekar Marg, Ambawadi, Cotton Green (West), Mumbai – 400033, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	06.05.1997
Com. Reg. No.:	11-107800
Capital Investment / Paid-up Capital :	Rs.183.876 Millions
CIN No.: [Company Identification No.]	U23201MH1997PTC107800
TAN No.: [Tax Deduction & Collection Account No.]	MUMS29702B
PAN No.: [Permanent Account No.]	AACCS4923P
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Blender of Various Specialty Petroleum Products, Industrial Oils and Lubricants.
No. of Employees :	700 Approximately

RATING & COMMENTS

MIRA’s Rating :

Ba (54)

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

Maximum Credit Limit :	USD 9200000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well-established and reputed company having a fine track record. The performance and the financial position appears to e strong and healthy. Trade relations are fair. Business is active. Payment terms are reported to be regular and as per commitments In view of experienced promoters and Directors, the company can be considered good for normal business dealings at usual trade terms and conditions.

NOTES:

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
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

The current downturn provides an opportunity to push ahead with reforms to accelerate growth, says the latest India Development Update report released by the World Bank. The report says that the adverse effects of rupee depreciation are likely to be offset by the gains in the exports performance due to improved external competitiveness. Since May this year, the local currency has depreciated substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.

A stagflation like situation appears to have arisen as inflation jumped to an eight month high of 6.46 % for the month of September. It is up from 6.10 % in August. Growth continues to be muted with factory output plunging to 0.6 % in August. Onion prices have risen nearly 300 % from last September. Vegetables cost nearly 90 % more than they did last year. Wake up to the economic contribution of slum dwellers. They contribute more than 7.5 % to the country’s gross domestic product, according to a recent study conducted in 50 top cities.

136000 estimated number of jobs created during the second quarter of the current financial year. 50000 estimated number of additional jobs in the field of corporate social responsibility in the coming years.

The International Finance Corporation expects to come out with its rupee linked bonds issue before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been launched in India from 1^st November.

The Land Acquisition Act to provide just and fair compensation to farmers will come into force from January 1 next year, said Rural Development Minister Jairam Ramesh. The Act replaces a 119 year old registration. The Securities and Exchange Board of India has approved the trading of currency futures on the Bombay Stock Exchange. The exchange plans to launch the currency futures platform with advanced trading technology by the end of November.

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	Fund Based Limits (A-)
Rating Explanation	Adequate degree of safety. It carry low credit risk.
Date	August, 2013

Rating Agency Name	ICRA
Rating	Non Fund Based Limits (A2+)
Rating Explanation	Strong degree of safety. Very low credit risk.
Date	August, 2013

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, 124, G D Ambekar Marg, Ambawadi, Cotton Green (West), Mumbai – 400 033, Maharashtra, India
Tel. No.:	91-22-24714961/ 62/64/ 24721000
Mobile No.:	91-9892895425 (Mr. Abhay Andhare)
Fax No.:	91-22-24710898
E-Mail :	pamumbai@rajgrp.com dilip@rajgrp.com exports@rajgrp.com abhay@rajgrp.com salse@rajgrp.com
Website :	http://www.rajgrp.com
Area :	4500 sq. ft.
Location :	Owned
Corporation Office :	2A-D, Doshi Tower, 156, Poonamallee High Road, Kilauk, Chennai – 600010, Tamilnadu, India
Tel No.:	91-44-42288900
Fax No.:	91-44-42288912
Email :	marketing_rl@rajgrp.com exports@rajgrp.com
Area :	4000 sq. ft.
Location :	Rented
Factory 1 :	Survey No. 146/2/3, Madhuban Dam Road, Village Karad, Silvassa – 396230, Dadra and Nagar Haveli, India
Tel. No.:	91-260-3091881
Fax No.:	91-260-2644396
Factory 2 :	Plot No. 1811, GIDC Industrial Area, Panoli – 394 115, Gujarat, India
Tel. No.:	91-2646-272287/ 153
Fax No.:	91-2646-272561
Factory 3 :	73/1B, Vaikkadu Manali, Chennai – 600103, Tamilnadu, India
Branch :	Located at: · Bangalore · New Delhi · Hyderabad · Kolkata · Pune · Jamshedpur · Gurgaon · Aurangabad

DIRECTORS

AS ON 30.09.2013

Name :

Mr. Bipin Jaswantsinh Nanavati

Designation :

Managing Director

Address :

8, Letangs Road, Vepery, Chennai – 600 007, Tamilnadu, India

Date of Birth/Age :

03.11.1944

Date of Appointment :

01.12.2009

DIN No.:

00207759

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U51496TN2004PTC053597	ONEWORLD IMPEX PRIVATE LIMITED	Director	30/06/2004	30/06/2004	Active	NO
2	U23201MH1997PTC107800	RAJ PETRO SPECIALITIES PRIVATE LIMITED	Managing director	01/12/2009	01/04/2006	Active	NO

Name :

Mr. Uday Jaswantsinh Nanavati

Designation :

Managing Director

Address :

Prerna, 6 F, Ormes Road, 3^rd Cross Street, Kilpauk, Chennai – 600 010, Tamilnadu, India

Date of Birth/Age :

14.12.1948

Date of Appointment :

01.07.2009

DIN No.:

00209391

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U23200MH1996PLC098745	RAJ PETROLEUM PRODUCTS LIMITED	Director	10/04/1996	10/04/1996	Active	NO
2	U23201MH1997PTC107800	RAJ PETRO SPECIALITIES PRIVATE LIMITED	Managing director	01/07/2009	19/05/2007	Active	NO

Name :

Mr. Surendra Ajitsingh Asher

Designation :

Director

Address :

5, Amrut Dhara, Joshi Lane, Tilak Road, Ghatkopar (East), Mumbai – 400 077, Maharashtra, India

Date of Birth/Age :

30.04.1943

Date of Appointment :

29.09.2007

DIN No.:

00208068

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U23200MH1996PLC098745	RAJ PETROLEUM PRODUCTS LIMITED	Director	01/07/2009	10/04/1996	Active	NO
2	U23201MH1997PTC107800	RAJ PETRO SPECIALITIES PRIVATE LIMITED	Director	29/09/2007	19/05/2007	Active	NO

Name :

Mr. Yogin Laxmidas Porecha

Designation :

Director

Address :

34, Laxmi Villa, Tagore Road, Santacruz (West), Mumbai – 400 054, Maharashtra, India

Date of Birth/Age :

30.07.1955

Date of Appointment :

29.09.2007

DIN No.:

00208155

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U23200MH1996PLC098745	RAJ PETROLEUM PRODUCTS LIMITED	Director	01/07/2009	10/04/1996	Active	NO
2	U23201MH1997PTC107800	RAJ PETRO SPECIALITIES PRIVATE LIMITED	Director	29/09/2007	19/05/2007	Active	NO

Name :

Mr. Atul Chandrakant Anjaria

Designation :

Whole Time Director

Address :

303, Odyssey 1, Orchard Avenue, Hiranandani Gardens, Powai, Mumbai – 400 076, Maharashtra, India

Date of Birth/Age :

28.08.1953

Date of Appointment :

01.09.2003

DIN No.:

00208237

Name :

Mr. Rajesh Chandrakant Anjaria

Designation :

Director

Address :

B/2301, Eldoram 23^rd Floor, Hiranandani Gardens, A.S. Marg, Powai, Mumbai-400076, Maharashtra, India

Date of Birth/Age :

01.11.1956

Date of Appointment :

29.09.2007

DIN No.:

00208296

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U23200MH1996PLC098745	RAJ PETROLEUM PRODUCTS LIMITED	Director	01/07/2009	01/12/1997	Active	NO
2	U23201MH1997PTC107800	RAJ PETRO SPECIALITIES PRIVATE LIMITED	Director	29/09/2007	19/05/2007	Active	NO

Name :

Mr. Ajay Jaysinh Anjaria

Designation :

Whole Time Director

Address :

401, Odyssey 1, Orchard Avenue, Hiranandani Gardens, Powai, Mumbai – 400 076, Maharashtra, India

Date of Birth/Age :

19.08.1965

Date of Appointment :

27.01.2003

DIN No.:

00208385

Name :

Mr. Samir Bharat Nanavati

Designation :

Director

Address :

332, Vaibhav Apartments, 62, E.V.K, Sampath Road, Vepery, Chennai – 600 007, Tamil Nadu, India

Date of Birth/Age :

09.12.1975

Date of Appointment :

30.09.2011

DIN No.:

00209029

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U23201MH1997PTC107800	RAJ PETRO SPECIALITIES PRIVATE LIMITED	Director	30/09/2011	07/10/2002	Active	NO
2	U51496TN2004PTC053597	ONEWORLD IMPEX PRIVATE LIMITED	Director	01/04/2008	01/04/2008	Active	NO
3	U15549TN2013PTC090302	CRUMBS & CAKES GOURMET PRIVATE LIMITED	Director	27/03/2013	27/03/2013	Active	NO

Name :

Mr. Viren Bipin Nanavati

Designation :

Director

Address :

8, Letangs Road, Vepery, Chennai – 600 007, Tamilnadu, India

Date of Birth/Age :

08.10.1971

Date of Appointment :

29.09.2007

DIN No.:

00209110

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U23200MH1996PLC098745	RAJ PETROLEUM PRODUCTS LIMITED	Director	01/12/1997	01/12/1997	Active	NO
2	U23201MH1997PTC107800	RAJ PETRO SPECIALITIES PRIVATE LIMITED	Director	29/09/2007	19/05/2007	Active	NO

Name :

Mr. Vinit Surendra Asher

Designation :

Director

Address :

5, Amrut Dhara, Joshi Lane, Tilak Road, Ghatkopar (East), Mumbai – 400 077, Maharashtra, India

Date of Birth/Age :

23.10.1975

Date of Appointment :

07.10.2002

DIN No.:

00209230

Name :

Mr. Mehul Uday Nanavati

Designation :

Director

Address :

Prema, 6 F, Ormes Road, 3^rd Cross Street, Kilpauk, Chennai – 600 010, Tamil Nadu, India

Date of Birth/Age :

14.09.1974

Date of Appointment :

29.09.2007

DIN No.:

00209491

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	U23200MH1996PLC098745	RAJ PETROLEUM PRODUCTS LIMITED	Whole-time director	01/12/1997	01/12/1997	01/07/2009	Active	NO
2	U23201MH1997PTC107800	RAJ PETRO SPECIALITIES PRIVATE LIMITED	Director	29/09/2007	19/05/2007	-	Active	NO

Name :

Mr. Jaysingh Vasanji Anjaria

Designation :

Director

Address :

401, Odyssey 1, Orchad Avenue, Hiranandani Gardens, Powai, Mumbai – 400 076, Maharashtra, India

Date of Birth/Age :

14.04.1933

Date of Appointment :

07.10.2002

DIN No.:

00211746

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U23201MH1997PTC107800	RAJ PETRO SPECIALITIES PRIVATE LIMITED	Director	07/10/2002	07/10/2002	Active	NO
2	U51496TN2004PTC053597	ONEWORLD IMPEX PRIVATE LIMITED	Director	30/06/2004	30/06/2004	Active	NO

Name :

Mr. Nalin Jaswantsinh Nanawati

Designation :

Director

Address :

Old No.11, Ormes Road, 3^rd Cross Street, Kilpauk, Chennai – 600 010, Tamil Nadu, India

Date of Birth/Age :

02.09.1957

Date of Appointment :

29.09.2007

DIN No.:

00211279

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U23200MH1996PLC098745	RAJ PETROLEUM PRODUCTS LIMITED	Director	01/12/1997	01/12/1997	Active	NO
2	U23201MH1997PTC107800	RAJ PETRO SPECIALITIES PRIVATE LIMITED	Director	29/09/2007	19/05/2007	Active	NO

Name :

Mr. Amit Bipin Nanawati

Designation :

Director

Address :

Old No.13, New No.10, Ormes Road, 3^rd Cross Street, Kilpauk, Chennai – 600 010, Tamil Nadu, India

Date of Birth/Age :

16.08.1968

Date of Appointment :

30.09.2010

DIN No.:

00208446

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	U23200MH1996PLC098745	RAJ PETROLEUM PRODUCTS LIMITED	Director	01/12/1997	01/12/1997	01/07/2009	Active	NO
2	U51496TN2004PTC053597	ONEWORLD IMPEX PRIVATE LIMITED	Director	01/04/2008	01/04/2008	-	Active	NO
3	U23201MH1997PTC107800	RAJ PETRO SPECIALITIES PRIVATE LIMITED	Director	30/09/2010	01/04/2010	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Dilip Vishnubhai Darji
Designation :	Secretary
Address :	G-401, Shiv Shakti Complex, S.V. Road, Dahisar (East), Mumbai – 400 068, Maharashtra, India
Date of Birth/Age :	21.10.1982
Date of Appointment :	01.12.2008
PAN No.:	AJIPD4129Q

MAJOR SHAREHOLDERS

AS ON 30.09.2013

NOTE: EQUITY AND PREFERENCE SHAREHOLDERS DETAILS LIST ATTACHED.

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2013

Category	Percentage
Directors or relatives of Directors	99.06
Other top fifty shareholders	0.94
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Blender of Various Specialty Petroleum Products, Industrial Oils and Lubricants.

GENERAL INFORMATION

No. of Employees :

700 (Approximately)

Bankers :

· State bank of India, MID Corporate Group Industrial Finance Branch, Marble Arch, Race Course Circle, Vadodara – 390 007, Gujarat, India

· State Bank of India, Industrial Estate Branch, GIDC Industrial Estate, Ankhleshwar – 393 002, Gujarat, India

· Canara Bank, GA Road, Tondiarpet, Chennai – 600 021, Tamil Nadu, India

Facilities :

SECURED LOANS	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Long Term Borrowings
Long term maturities of finance lease obligations	8.767	9.696
Short Term Borrowings
Loans repayable on Demand from Banks	1967.913	926.814
Total	1976.680	936.510

Banking Relations :	--
Auditors :
Name :	N P Redij and Company Chartered Accountants
Address :	Suite No. 1, Ground Floor, 190, Dr. Ambedkar Road, Dadar (East), Mumbai – 400014, Maharashtra, India
Tel. No.:	91-22-24184985/ 1206
Fax No.:	91-22-24173403
PAN No.:	AAAFN1783D
Subsidiaries :	· Raj Petro Specialities (Europe) B. V Netherlands · Raj Petro Specialities DMCC, United Arab Emirates
Other Related Party :	One World Impex Private Limited, India

CAPITAL STRUCTURE

AS ON 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
5825000	Equity Shares	Rs. 10/- each	Rs.58.250 Millions
1312500	Preference Shares	Rs. 100/- each	Rs.131.250 Millions
	Total		Rs.189.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
5520080	Equity Shares	Rs. 10/- each	Rs.55.201 Millions
1286750	Preference Shares	Rs. 100/- each	Rs.128.675 Millions
	Total		Rs.183.876 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	183.876	183.876	183.876
(b) Reserves & Surplus	2138.397	2063.575	1692.147
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	2322.273	2247.451	1876.023
(3) Non-Current Liabilities
(a) long-term borrowings	248.196	251.167	208.464
(b) Deferred tax liabilities (Net)	43.021	38.174	39.710
(c) Other long term liabilities	2.150	2.749	0.233
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	293.367	292.090	248.407
(4) Current Liabilities
(a) Short term borrowings	1967.913	926.814	747.513
(b) Trade payables	3465.699	3542.965	2612.872
(c) Other current liabilities	167.726	154.616	57.967
(d) Short-term provisions	175.334	180.292	254.649
Total Current Liabilities (4)	5776.672	4804.687	3673.001
TOTAL	8392.312	7344.228	5797.431
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	611.404	573.464	567.199
(ii) Intangible Assets	3.358	4.693	3.197
(iii) Capital work-in-progress	7.316	11.523	9.820
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	4.443	4.414	1.853
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	129.672	94.821	40.242
(e) Other Non-current assets	0.079	0.958	1.128
Total Non-Current Assets	756.272	689.873	623.439
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	1546.797	1871.998	1399.558
(c) Trade receivables	4842.624	3803.947	2823.440
(d) Cash and cash equivalents	644.440	489.665	609.269
(e) Short-term loans and advances	540.925	444.117	299.014
(f) Other current assets	61.254	44.628	42.711
Total Current Assets	7636.040	6654.355	5173.992
TOTAL	8392.312	7344.228	5797.431

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	13143.742	12826.165	9853.793
		Other Income	NA	NA	NA
		TOTAL	NA	NA	NA
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL	NA	NA	NA
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		200.688	489.870	750.990
Less/ Add	DEPRECIATION/ AMORTISATION		64.009	69.171	65.581
	PROFIT BEFORE TAX		136.679	420.699	685.409
Less	TAX		40.487	198.016	263.084
	PROFIT AFTER TAX		96.192	222.683	422.325
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings		0.000	2050.440
		Other Earnings		0.000	0.000
	TOTAL EARNINGS		NA	0.000	2050.440
	IMPORTS
		Raw Materials		0.000	6639.504
		Capital Goods		0.000	23.054
	TOTAL IMPORTS		NA	0.000	6662.558
	Earnings Per Share (Rs.)		14.13	40.34	62.04

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Net Profit Margin (PBT/Sales)	(%)	1.04	3.28	6.96
Return on Total Assets (PBT/Total Assets}	(%)	1.66	5.82	11.93
Return on Investment (ROI) (PBT/Networth)		0.06	0.19	0.37
Debt Equity Ratio (Total Debt /Networth)		0.95	0.52	0.51
Current Ratio (Current Asset/Current Liability)		1.32	1.38	1.41

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

UNSECURED LOANS:

Particulars	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Long Term Borrowings
Loans and Advances from Related Parties	239.429	241.471
Total	239.429	241.471

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10436410	21/06/2013	3,860,000,000.00	STATE BANK OF INDIA	INDUSTRIAL FINANCE BRANCH, MARBLE ARCH, RACE COURSE, VADODARA - 390007, GUJARAT, INDIA	B79430690
2	10047963	11/09/2012 *	7,080,000,000.00	STATE BANK OF INDIA	MID CORPORATE GROUP INDUSTRIAL FINANCE BRANCH, MARBLE ARCH, RACE COURSE CIRCLE, VADODARA - 390007, GUJARAT, INDIA	B59104091
3	10021197	05/07/2012 *	7,080,000,000.00	STATE BANK OF INDIA	MID CORPORATE GROUP INDUSTRIAL FINANCE BRANCH, MARBLE ARCH, RACE COURSE CIRCLE, VADODARA - 390007, GUJARAT, INDIA	B44475671
4	90144631	12/08/2003	900,000.00	KOTAK MAHINDARA BANK LIMITED	36-38A NARIMAN BHAVAN, 227NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA	-
5	90293988	20/06/2002	281,250.00	SUNDARAM FINANCE LIMITED	21 PATULLOS ROAD, CHENNAI - 600002,, TAMIL NADUINDIA	-
6	90292848	07/11/2006 *	830,000,000.00	STATE BANK OF INDIA	SIRUTHOZHIL BRANCH, NUNGAMBAKKAM, CHENNAI - 600034, TAMIL NADU, INDIA	-
7	90292839	02/03/2000	5,000,000.00	CANARA BANK	GA ROAD TONDIARPET, CHENNAI - 600021, TAMIL NADU, INDIA	-
8	90292722	17/03/1999	27,500,000.00	CANARA BANK	G A ROAD TONDIARPET, CHENNAI - 600021, TAMIL NADU, INDIA	-
9	90292713	10/01/2000 *	2,300,000.00	DENA BANK	TONDIARPET BRANCH 234 TH ROAD TONDIARPET, CHENNAI - 600081, TAMIL NADU, INDIA	-
10	90292678	23/11/1998	2,500,000.00	CANARA BANK	G A ROAD, CHENNAI - 600021, TAMIL NADU, INDIA	-

* Date of charge modification

FINANCIAL RESULTS:

During the financial year, subject has achieved the turnover of Rs.13143.742Millions (net off exercise) and earned a net profit of Rs.96.192 Millions after providing provisions for depreciation of Rs.64.009 Millions and provisions for Taxation (Including Deferred Tax) of Rs.40.487 Millions.

FIXED ASSETS:

· Air Conditioner

· Computers

· Electrical Installation and Fittings

· Motor Car

· Plant and Machinery

· Furniture and Fixtures

· Computer Software

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.62.28
UK Pound	1	Rs.102.14
Euro	1	Rs.84.64

INFORMATION DETAILS

Report Prepared by :

NKT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		54

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.