MIRA INFORM REPORT

Report Date :

05.12.2013

IDENTIFICATION DETAILS

Name :	GOWRA PETROCHEM PRIVATE LIMITED
Registered Office :	No 501, 5th Floor, “Gowra Grand” Behind Gowra Plaza, H. No.1-8-384 and 385, S. P. Road, Begumpet, Secunderabad - 500003, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	07.03.1995
Com. Reg. No.:	01-019620
Capital Investment / Paid-up Capital :	Rs. 9.000 Millions
CIN No.: [Company Identification No.]	U23201AP1995PTC019620
TAN No.: [Tax Deduction & Collection Account No.]	HYDG00601G
PAN No.: [Permanent Account No.]	AAACG7481Q
Legal Form :	Private Limited Liability Company
Line of Business :	Trading, Marketing and Distribution of a wide range of Chemicals, Solvents, Intermediates, Non-Ferrous Metals and Polymers.
No. of Employees :	Not Divulged

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 1120000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. The company has seen an increase in its sales turnover as well as net profitability during 2013. Profit margin appears to be decent. Trade relation are fair. Business is active. Payment terms are usually correct. In view of long track record of the promoters in the industry, the company can be considered for business dealing 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	Cash Credit : BBB-
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	April 2013

Rating Agency Name	ICRA
Rating	Letter of Credit : A3
Rating Explanation	Moderate degree of safety and higher credit risk.
Date	April 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.

INFORMATION DECLINED BY

Name :	Mr. Ram Krishna Rao
Designation :	General Manager in Finance
Contact No.:	91-40-27846275
Date :	03.12.2013

LOCATIONS

Registered Office :	No 501, 5th Floor, “Gowra Grand” Behind Gowra Plaza, H. No.1-8-384 and 385 S. P. Road, Begumpet, Secunderabad - 500003, Andhra Pradesh, India
Tel. No.:	91-40-27846275/ 27846750/ 27843091
Fax No.:	91-40-27816817
E-Mail :	gowra@gowra.net
Website :	www.gowra.net
Branch Office :	Located at: Ø Chennai Ø Bangalore Ø Adoni Ø Proddatur

DIRECTORS

AS ON 30.09.2013

Name :

Mr. Srinivas Gowra

Designation :

Managing director

Address :

175, Motilal Nehru Nagar, Begumpet, Hyderabad - 500016, Andhra Pradesh, India

Date of Birth/Age :

25.12.1994

Date of Appointment :

01.05.2009

DIN No.:

00286986

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	L65910AP1993PLC015349	GOWRA LEASING AND FINANCE LIMITED	Managing director	01/08/2011	26/03/1993	Active	NO
2	U23201AP1995PTC019620	GOWRA PETROCHEM PRIVATE LIMITED	Managing director	01/05/2009	01/05/1995	Active	NO
3	U65921AP1998NPL029996	ANDHRA PRADESH HIRE PURCHASE ASSOCIATION	Director	20/08/1998	20/08/1998	Active	NO
4	U72200AP2004PTC042685	GOWRA ENGINEERING TECHNOLOGIES PRIVATE LIMITED	Director	20/02/2004	20/02/2004	Active	NO
5	U70102AP2006PTC048898	GOWRA VENTURES PRIVATE LIMITED	Director	25/01/2006	25/01/2006	Active	NO
6	U72200AP2007PTC053536	ANTARA COMPUTER TECHNOLOGIES PRIVATE LIMITED	Director	11/04/2007	11/04/2007	Active	NO
7	U72200AP2007PTC056243	GOWRA TECHNOLOGIES PRIVATE LIMITED	Director	07/11/2007	07/11/2007	Amalgamated	NO
8	U24232AP2008PTC058131	AMAR BIO ORGANICS (INDIA) PRIVATE LIMITED	Director	12/03/2008	12/03/2008	Active	NO
9	U50200AP2009PTC063691	SREE GURUKRUPA MOTORS PRIVATE LIMITED	Director	15/05/2009	15/05/2009	Active	NO
10	L24231AP1995PLC019106	SOURCE NATURAL FOODS AND HERBAL SUPPLEMENTS LIMITED	Director	27/09/2010	25/06/2010	Active	NO
11	U45209AP2011PTC075168	GOWRA INFRAPROJECTS PRIVATE LIMITED	Director	24/06/2011	24/06/2011	Active	NO
12	U45209AP2011PTC075184	GOWRA INFRADEVELOPERS PRIVATE LIMITED	Director	27/06/2011	27/06/2011	Active	NO
13	U01403AP2012PTC079004	SUMERU SEEDS PRIVATE LIMITED	Director	08/02/2012	08/02/2012	Active	NO
14	U29299AP2012PTC081470	GOWRA AEROSPACE TECHNOLOGIES PRIVATE LIMITED	Director	14/06/2012	14/06/2012	Active	NO
15	U72200AP2012PTC083017	ESUPPORT TECHSOL PRIVATE LIMITED	Director	12/09/2012	12/09/2012	Active	NO
16	U45209AP2011PTC075222	GOWRA HALLMARK TOWNSHIPS PRIVATE LIMITED	Additional director	01/10/2012	01/10/2012	Active	NO

Name :

Mr. Lakshmi Prasad Gowra

Designation :

Whole-time director

Address :

Gnanakshi, H. No.1, Sindhi Colony, Prenderghast Road, Secunderabad - 500003, Andhra Pradesh, India

Date of Birth/Age :

05.06.1953

Date of Appointment :

01.05.2009

DIN No.:

00268271

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	L65910AP1993PLC015349	GOWRA LEASING AND FINANCE LIMITED	Whole-time director	01/08/2011	09/02/1993	Active	NO
2	U23201AP1995PTC019620	GOWRA PETROCHEM PRIVATE LIMITED	Whole-time director	01/05/2009	07/03/1995	Active	NO
3	U72200AP2004PTC042685	GOWRA ENGINEERING TECHNOLOGIES PRIVATE LIMITED	Director	15/03/2004	15/03/2004	Active	NO
4	U72200AP2007PTC053536	ANTARA COMPUTER TECHNOLOGIES PRIVATE LIMITED	Director	11/04/2007	11/04/2007	Active	NO
5	U72200AP2007PTC056243	GOWRA TECHNOLOGIES PRIVATE LIMITED	Director	07/11/2007	07/11/2007	Amalgamated	NO
6	U24232AP2008PTC058131	AMAR BIO ORGANICS (INDIA) PRIVATE LIMITED	Director	12/03/2008	12/03/2008	Active	NO
7	U01403AP2012PTC079004	SUMERU SEEDS PRIVATE LIMITED	Director	08/02/2012	08/02/2012	Active	NO
8	U29299AP2012PTC081470	GOWRA AEROSPACE TECHNOLOGIES PRIVATE LIMITED	Director	14/06/2012	14/06/2012	Active	NO

Name :

Mr. Subbaraj Gowra

Designation :

Whole-time director

Address :

175, Motilal Nehru Nagar, Begumpet, Hyderabad - 500016, Andhra Pradesh, India

Date of Birth/Age :

24.05.1969

Date of Appointment :

01.05.2009

DIN No.:

00287820

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	U23201AP1995PTC019620	GOWRA PETROCHEM PRIVATE LIMITED	Whole-time director	01/05/2009	07/03/1995	Active	NO
2	U24232AP2008PTC058131	AMAR BIO ORGANICS (INDIA) PRIVATE LIMITED	Director	12/03/2008	12/03/2008	Active	NO

Name :

Mr. Lakshminarayana Gowra

Designation :

Whole-time director

Address :

Gowra Nivas, Adoni, Kurnool - 518301, Andhra Pradesh, India

Date of Birth/Age :

24.02.1947

Date of Appointment :

01.05.2009

DIN No.:

00287021

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	L65910AP1993PLC015349	GOWRA LEASING AND FINANCE LIMITED	Director	09/02/1993	09/02/1993	Active	NO
2	U23201AP1995PTC019620	GOWRA PETROCHEM PRIVATE LIMITED	Whole-time director	01/05/2009	01/05/1995	Active	NO
3	U45209AP2011PTC075168	GOWRA INFRAPROJECTS PRIVATE LIMITED	Director	24/06/2011	24/06/2011	Active	NO
4	U45209AP2011PTC075184	GOWRA INFRADEVELOPERS PRIVATE LIMITED	Director	27/06/2011	27/06/2011	Active	NO
5	U01403AP2012PTC079004	SUMERU SEEDS PRIVATE LIMITED	Director	05/08/2013	15/05/2012	Active	NO
6	U29299AP2012PTC081470	GOWRA AEROSPACE TECHNOLOGIES PRIVATE LIMITED	Director	14/06/2012	14/06/2012	Active	NO
7	U24232AP2008PTC058131	AMAR BIO ORGANICS (INDIA) PRIVATE LIMITED	Director	28/09/2012	25/06/2012	Active	NO

Name :

Mr. Gowra Raja Gopal

Designation :

Director

Address :

Flat No.136, 3^rd Floor, Sirla Height, 25 B/B, East Marredpally, Secunderabad - 500026, Andhra Pradesh, India

Date of Birth/Age :

01.08.1950

Date of Appointment :

01.05.2009

DIN No.:

01354786

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	L65910AP1993PLC015349	GOWRA LEASING AND FINANCE LIMITED	Director	26/03/1993	26/03/1993	11/08/2010	Active	NO
2	U23201AP1995PTC019620	GOWRA PETROCHEM PRIVATE LIMITED	Director	01/05/2009	01/05/1995	-	Active	NO

Name :

Mr. Surya Prakash Gowra

Designation :

Whole-time director

Address :

No. 64, 3rd Cross, 24th Main Manjunatha Colony, Narena Halli, 2nd Phase, J. P. Nagar, Bangalore - 560078, Karnataka, India

Date of Birth/Age :

01.07.1952

Date of Appointment :

01.05.2009

DIN No.:

01377618

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	U23201AP1995PTC019620	GOWRA PETROCHEM PRIVATE LIMITED	Whole-time director	01/05/2009	22/06/1995	-	Active	NO
2	L65910AP1993PLC015349	GOWRA LEASING AND FINANCE LIMITED	Director	25/09/2010	11/08/2010	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Ram Krishna Rao
Designation :	General Manager in Finance

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2013

Names of Shareholders	No. of Shares
G L Prasad	90000
Subbaraj Gowra	45000
G S Sabitha	36000
G R Nirmala	13500
Gowra Aditya	45000
G L Ramadevi	36000
Gowra Lakshminarayana	90000
Roja Gowra	27000
G Leelavathamma Ratnam	18000
G Anil Kumar	63000
G S Rekha	45000
G Nanda	18000
Nagarjun Gowra	45000
Gowra Arvind	45000
S R. Vijayalakshmi	18000
Gowra Srinivas	90000
G L Subbaram	45000
Venkat Ratnam Gowra	18000
Gowra S Rajagopal	22500
G S Ramesh Babu	18000
Gowra Surya Prakash	72000
Total	900000

AS ON 30.09.2013

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Trading, Marketing and Distribution of a wide range of Chemicals, Solvents, Intermediates, Non-Ferrous Metals and Polymers.
Products :	· PET (Poly Ethylene Terephthalate) Polymers Solvents Chloro Methanes Intermediates (Bulk Drugs and Chemicals) Poly Vinyl Chloride Fumed Silica Non Ferrous Metals Organic and Inorganic Chemicals Printing Ink Solvents Reference Fuels Caustic Soda Flavors and Fragrances

GENERAL INFORMATION

No. of Employees :

Not Divulged

Bankers :

· Citi Bank N.A., 1st Floor, Queens Plaza, Sardar Patel Road, Hyderabad - 500003, Andhra Pradesh, India

State Bank of India, Bible House (R. P. Road) Branch, R. P. Road, Secunderabad - 500003, Andhra Pradesh, India

ING Vysya Bank Limited, 3-3-798, I Floor, Vysya Bank Building, General Bazar, Secunderabad - 500003, Andhra Pradesh, India

Facilities :

SECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG-TERM BORROWINGS
LIC – Key Man Insurance Loan	1.800	1.645
Kotak Mahindra Prime Limited – (Car Loan) [Secured by hypothecation of three cars]	3.147	5.420
SHORT TERM BORROWINGS
State Bank of India – Cash Credit	10.213	56.432
Citi Bank – Cash Credit	50.831	103.442
Total	65.991	166.939

Banking Relations :	--
Auditors 1 :
Name :	Anant Rao and Mallik Chartered Accountants
Address :	B-310, Kushal Towers, Khairathabad, Hyderabad – 500034, Andhra Pradesh, India
Tel. No.:	91-40-23320286
E-Mail :	armcas@gmail.com
Income-tax PAN of auditor or auditor's firm :	AADFA0055G
Auditors 2 :
Name :	Brahmayya and Company Chartered Accountants
Address :	SKD Colony, Adoni – 500034, Andhra Pradesh, India

CAPITAL STRUCTURE

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
900,000	Equity Shares	Rs. 10/- each	Rs. 9.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
900,000	Equity Shares	Rs. 10/- each	Rs. 9.000 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	9.000	9.000	3.000
(b) Reserves & Surplus	270.213	219.415	189.150
(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)	279.213	228.415	192.150
(3) Non-Current Liabilities
(a) long-term borrowings	4.947	7.065	2.687
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	4.947	7.065	2.687
(4) Current Liabilities
(a) Short term borrowings	285.349	301.800	224.037
(b) Trade payables	68.033	51.925	58.616
(c) Other current liabilities	121.356	86.807	70.906
(d) Short-term provisions	33.327	17.182	17.360
Total Current Liabilities (4)	508.065	457.714	370.919
TOTAL	792.225	693.194	565.756
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	47.650	19.805	7.235
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	4.629	24.629	24.629
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.851	0.596	0.523
Total Non-Current Assets	53.130	45.030	32.387
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	55.829	45.400	11.135
(c) Trade receivables	597.380	512.193	428.835
(d) Cash and cash equivalents	0.806	0.651	1.004
(e) Short-term loans and advances	25.708	45.210	50.273
(f) Other current assets	59.372	44.710	42.122
Total Current Assets	739.095	648.164	533.369
TOTAL	792.225	693.194	565.756

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	515.587	496.785
		Other Income	174.934	108.110
		TOTAL (A)	690.521	604.895	405.744
Less	EXPENSES
		TOTAL (B)	577.524	526.017	337.068
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		112.997	78.878	68.676
Less	FINANCIAL EXPENSES (D)		26.570	23.493	14.862
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		86.427	55.385	53.814
Less/ Add	DEPRECIATION/ AMORTISATION (F)		2.556	2.011	1.862
	PROFIT BEFORE TAX (E-F) (G)		83.871	53.374	51.952
Less	TAX (H)		22.613	17.109	17.205
	PROFIT AFTER TAX (G-H) (I)		61.258	36.265	34.747
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	3.011	1.957	1.757
	Earnings Per Share (Rs.)		68.06	40.30	11.58

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	8.87	6.00	8.56
Net Profit Margin (PBT/Sales)	(%)	16.27	10.74	NA
Return on Total Assets (PBT/Total Assets}	(%)	10.65	7.98	9.60
Return on Investment (ROI) (PBT/Networth)		0.30	0.23	0.27
Debt Equity Ratio (Total Debt/Networth)		1.04	1.35	1.18
Current Ratio (Current Asset/Current Liability)		1.45	1.42	1.44

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	Yes
10]	Designation of contact person	Yes
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	No
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

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10274050	15/03/2012 *	125,000,000.00	CITI BANK N.A.	1ST FLOOR, QUEENS PLAZA, SARDAR PATEL ROAD, HYDERABAD - 500003, ANDHRA PRADESH, INDIA	B36844462
2	10189619	27/05/2013 *	375,000,000.00	STATE BANK OF INDIA	BIBLE HOUSE (R.P.ROAD) BRANCH, R.P.ROAD, SECUNDERABAD - 500003, ANDHRA PRADESH, INDIA	B77958676
3	90117349	07/04/1998	2,500,000.00	CANARA BANK	ADONI; KARNOOL, KARNOOL, ANDHRA PRADESH, INDIA	-
4	90117047	22/03/1997 *	2,500,000.00	CANARA BANK	ADONI; KARNOOL, KARNOOL, ANDHRA PRADESH, INDIA	-
5	90117035	06/11/1995	3,000,000.00	CANARA BANK	ADONI; KARNOOL, KARNOOL, ANDHRA PRADESH, INDIA	-

* Date of charge modification

UNSECURED LOANS

UNSECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
SHORT TERM BORROWINGS
Channel Finance
HDFC Bank – RIL	69.774	24.972
ICICI Bank – CSL	5.296	11.340
Directors
G Srinivas	0.379	0.000
G Lakshminarayana	10.028	5.340
G L Prasad	2.399	0.683
G Rajagopal	5.024	4.250
G S Subbaraj	1.477	0.507
G Surya Prakash	1.484	1.054
Others
G Anil Kumar	13.760	12.794
G L Prasad (HUF)	8.496	10.013
G L Arvind	11.562	7.171
G L Ramadevi	7.389	1.396
G S Aditya (HUF)	2.361	0.062
G S Sabita	0.392	0.157
G S Rajagopal (HUF)	4.979	2.922
G S Ramesh Babu	4.120	12.722
G L Subbaram (HUF)	28.804	20.656
G L Subbaram	13.667	0.799
G S Nagarjun	0.340	0.355
G S Nagarjun (HUF)	0.792	0.035
G Srinivas (HUF)	1.284	0.048
G Lakshminarayayana (HUF)	5.273	2.844
G S Subbaraj (HUF)	0.831	0.011
G Manjeera	0.578	0.521
G R Leelavathamma	1.223	2.016
G N Kanthi	0.019	0.195
G Roja	2.157	1.841
G S Rekha	0.307	0.549
G V Ratnam	1.610	1.293
G Archana	0.121	0.178
G A Sathvik	0.142	0.129
G A Swetha	0.009	0.008
G N Vineet	0.537	0.420
G S Kruthika	0.782	0.706
G S Manasa	1.111	1.002
G N Saketha	0.239	0.216
G R Nirmala	1.922	2.326
G Chitra	0.338	0.268
G Swathi	0.640	0.627
G Anil Kumar (HUF)	3.766	1.458
G A Saai Ujwal	0.112	0.100
G S Aditya	0.040	0.112
G V Ratnam (HUF)	2.749	3.526
P Stuti	0.489	0.436
G. Ratnanjali	2.395	2.108
G. Surya Prakash (HUF)	3.011	1.760
G. Samhita	0.096	0.000
Total	224.304	141.926

OPERATIONS

The Company achieved a total income of Rs.690.520 Millions against Rs.604.895 Millions in the previous year and net profit of Rs. 61.258 Millions as compared to Rs. 36.265 Millions in the previous year. During the current year the company is confident of achieving higher income and profit.

CONTINGENT LIABILITIES:

Particulars	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
Counter Guarantees given to State Bank of India in respect of Bank Guarantees given by them to:
Reliance Industries Limited	35.000	30.000
Finolex Industries Limited	5.000	10.000
Total	40.000	40.000

FIXED ASSETS:

· Building

Equipment

Vehicles

Computers

Furniture

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. 62.33
UK Pound	1	Rs. 102.18
Euro	1	Rs. 84.68

INFORMATION DETAILS

Information Gathered by :	SVA
Report Prepared by :	BVA

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	5
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTERS
--RBI	YES/NO	NO
--EPF	YES/NO	NO
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.