MIRA INFORM REPORT

Report Date :

04.12.2013

IDENTIFICATION DETAILS

Name :	P.C. CHANDRA AND SONS (INDIA) PRIVATE LIMITED

Registered Office :	127/1A, B.B. Ganguly Street, Kolkata-700012, West Bengal

Country :	India

Financials (as on) :	31.03.2013

Date of Incorporation :	20.01.1982

Com. Reg. No.:	21-034463

Capital Investment / Paid-up Capital :	Rs.49.999 Millions

CIN No.: [Company Identification No.]	U36911WB1982PTC034463

Legal Form :	Private Limited Liability Company

Line of Business :	Manufacturer of Gold and Diamond Jewellery.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (49)

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

Maximum Credit Limit :	USD 4830000

Status :	Satisfactory

Payment Behaviour :	Regular

Litigation :	Clear

Comments :	Subject is an established company having satisfactory track record. Overall financial position of the company appears to be strong and healthy. Trade relations are reported to be fair. Business is active. Payment terms are regular and as per commitments. 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

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	CRISIL
Rating	BBB+ [Long Term]
Rating Explanation	Moderate credit quality and average credit risk.
Date	25.09.2013

Rating Agency Name	CRISIL
Rating	A2 [Short Term]
Rating Explanation	Strong degree of safety and low credit risk.
Date	25.09.2013

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 :	127/1A, B.B. Ganguly Street, Kolkata-700012, West Bengal, India
Tel. No.:	91-33-22277221/ 7272/ 9440
Fax No.:	91-33-2270116/ 1787
E-Mail :	bowbazar@pcchandra.com amar.ghosal2013@gmail.com

DIRECTORS

AS ON 28.09.2013

Name :

Mr. Bijoy Kumar Chandra

Designation :

Whole Time Director

Address :

P-24, C.I.T. Road, Kolkata-700014, West Bengal, India

Date of Birth/Age :

04.05.1929

Date of Appointment :

20.01.1982

Pan No.:

ACDPC1186E

Din No.:

00680658

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	U36911WB1982PTC034463	P.C.CHANDRA & SONS (INDIA) PRIVATE LIMITED	Director	20/01/1982	20/01/1982	-	Active	NO
2	U45201WB1982PTC035345	KOLKATA EQUITY HOLDINGS PRIVATE LIMITED	Director	16/10/1982	16/10/1982	20/02/2012	Active	NO
3	U51109WB1984PTC037323	DENCOL (INDIA) PRIVATE LIMITED	Director	28/03/1984	28/03/1984	27/02/2012	Active	NO
4	U36911WB1988PTC045836	P C CHANDRA EXPORTS PRIVATE LIMITED	Director	27/12/1988	27/12/1988	06/02/2012	Active	NO
5	U36911WB1986PTC040090	P C CHANDRA (JEWELLERS) PRIVATE LIMITED	Director	20/09/1993	20/09/1993	06/02/2012	Active	NO
6	U70101WB1994PLC066358	CHANDRAS GREEN PROJECT LIMITED	Director	06/12/1994	06/12/1994	-	Active	NO
7	U70109WB1996PTC078253	CHANDRAS' REALTOR PRIVATE LIMITED	Director	20/03/1996	20/03/1996	15/02/2012	Active	NO
8	U65993WB1996PTC082164	P C CHANDRA HOLDINGS PRIVATE LIMITED	Director	03/12/1996	03/12/1996	-	Active	NO
9	U70101WB1998PTC088564	P.C. CHANDRA ESTATES PRIVATE LIMITED	Director	31/12/1998	31/12/1998	06/02/2012	Active	NO
10	U55201WB2001PTC092795	P C CHANDRA (GEMS) PRIVATE LIMITED	Director	30/01/2001	30/01/2001	06/02/2012	Active	NO
11	U36911WB2002PTC095555	P.C. CHANDRA JEWELLERY APEX PRIVATE LIMITED	Director	24/12/2002	24/12/2002	06/02/2012	Active	NO
12	U36911WB2005PTC101624	P C CHANDRA JUELS INTERNATIONAL PRIVATE LIMITED	Director	10/02/2005	10/02/2005	06/02/2012	Active	NO
13	U24119WB1976PTC030571	DI JEWELS PRIVATE LIMITED	Director	16/08/2007	16/08/2007	06/02/2012	Active	NO
14	U45400WB2009PTC132011	C D PROPERTIES & ESTATES PRIVATE LIMITED	Director	15/01/2009	15/01/2009	-	Active	NO

Name :

Mr. Arun Kumar Chandra

Designation :

Director

Address :

P-24, C.I.T. Road, Kolkata-700014, West Bengal, India

Date of Birth/Age :

04.01.1939

Date of Appointment :

20.01.1982

Pan No.:

ACDPC1185H

Din No.:

00710778

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	U51392WB1965PTC026344	CHANDRAS' CHEMICALS ENTERPRISES PRIVATE LTD	Director	31/01/1965	31/01/1965	-	Active	NO
2	U36911WB1982PTC034463	P.C.CHANDRA & SONS (INDIA) PRIVATE LIMITED	Director	20/01/1982	20/01/1982	-	Active	NO
3	U45201WB1982PTC035345	KOLKATA EQUITY HOLDINGS PRIVATE LIMITED	Director	16/10/1982	16/10/1982	-	Active	NO
4	U14107WB1973PTC028724	EMCO GENERAL PLASTIC INDUSTRIES PRIVATE LIMITED	Director	08/04/1984	08/04/1984	-	Active	NO
5	U36911WB1988PTC045836	P C CHANDRA EXPORTS PRIVATE LIMITED	Director	27/12/1988	27/12/1988	06/02/2012	Active	NO
6	U70101WB1994PLC066358	CHANDRAS GREEN PROJECT LIMITED	Director	06/12/1994	06/12/1994	-	Active	NO
7	U70100WB1995PTC076237	STEVIA REALTORS PRIVATE LIMITED	Director	29/12/1995	29/12/1995	-	Active	NO
8	U70109WB1996PTC078253	CHANDRAS' REALTOR PRIVATE LIMITED	Director	20/03/1996	20/03/1996	-	Active	NO
9	U65993WB1996PTC082164	P C CHANDRA HOLDINGS PRIVATE LIMITED	Managing director	01/04/2013	03/12/1996	-	Active	NO
10	U70101WB1998PTC088564	P.C. CHANDRA ESTATES PRIVATE LIMITED	Director	31/12/1998	31/12/1998	-	Active	NO
11	U72200WB1999PTC090526	CCE SOFTWARE PRIVATE LIMITED	Director	29/10/1999	29/10/1999	-	Active	NO
12	U30007WB2000PTC092185	CIME-CCE SOFTWARE PRIVATE LIMITED	Director	16/01/2001	16/01/2001	-	Active	NO
13	U55201WB2001PTC092795	P C CHANDRA (GEMS) PRIVATE LIMITED	Director	30/01/2001	30/01/2001	06/02/2012	Active	NO
14	U36911WB2002PTC095555	P.C. CHANDRA JEWELLERY APEX PRIVATE LIMITED	Director	24/12/2002	24/12/2002	-	Active	NO
15	U36911WB2005PTC101624	P C CHANDRA JUELS INTERNATIONAL PRIVATE LIMITED	Director	10/02/2005	10/02/2005	-	Active	NO
16	U36911WB1990PTC048324	P C CHANDRA & COMPANY PRIVATE LIMITED	Director	16/04/2007	16/04/2007	-	Active	NO
17	U24119WB1976PTC030571	DI JEWELS PRIVATE LIMITED	Director	01/03/2008	01/03/2008	-	Active	NO

Name :

Mr. Uday Kumar Chandra

Designation :

Director

Address :

P-24, C.I.T. Road, Kolkata-700014, West Bengal, India

Date of Birth/Age :

10.11.1954

Date of Appointment :

15.04.1983

Pan No.:

ACDPC4102E

Din No.:

00715829

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	U36911WB1982PTC034463	P.C.CHANDRA & SONS (INDIA) PRIVATE LIMITED	Director	15/04/1983	15/04/1983	-	Active	NO
2	U36911WB1986PTC040090	P C CHANDRA (JEWELLERS) PRIVATE LIMITED	Director	02/05/1987	02/05/1987	-	Active	NO
3	U65922WB1987PTC042798	P C CHANDRAS FINANCIAL SERVICES PRIVATE LIMITED	Director	04/08/1987	04/08/1987	-	Active	NO
4	U28112WB1990PTC048836	GOLDLITES INDIA PRIVATE LIMITED	Director	16/04/1990	16/04/1990	-	Active	NO
5	U70100WB1995PTC076237	STEVIA REALTORS PRIVATE LIMITED	Director	29/12/1995	29/12/1995	-	Active	NO
6	U36911WB1988PTC045836	P C CHANDRA EXPORTS PRIVATE LIMITED	Director	15/09/1999	15/09/1999	-	Active	NO
7	U72200WB1999PTC090526	CCE SOFTWARE PRIVATE LIMITED	Director	29/10/1999	29/10/1999	06/02/2012	Active	NO
8	U55201WB2001PTC092795	P C CHANDRA (GEMS) PRIVATE LIMITED	Director	30/01/2001	30/01/2001	06/02/2012	Active	NO
9	U70101WB1994PLC066358	CHANDRAS GREEN PROJECT LIMITED	Director	23/10/2002	23/10/2002	15/02/2012	Active	NO
10	U36911WB2002PTC095555	P.C. CHANDRA JEWELLERY APEX PRIVATE LIMITED	Director	24/12/2002	24/12/2002	-	Active	NO
11	U36911WB2005PTC104061	P.C. CHANDRA GLOBAL JEWELRY PRIVATE LIMITED	Director	07/07/2005	07/07/2005	-	Active	NO
12	U36911WB2005PTC101624	P C CHANDRA JUELS INTERNATIONAL PRIVATE LIMITED	Director	30/11/2006	30/11/2006	-	Active	NO
13	U70101WB1998PTC088564	P.C. CHANDRA ESTATES PRIVATE LIMITED	Director	30/11/2006	30/11/2006	-	Active	NO
14	U70109WB2011PTC163508	SAPPHIRE REALTY PROJECTS PRIVATE LIMITED	Director	08/06/2011	08/06/2011	-	Active	NO
15	U65993WB1996PTC082164	P C CHANDRA HOLDINGS PRIVATE LIMITED	Director	15/02/2012	15/02/2012	-	Active	NO
16	U70109WB1996PTC078253	CHANDRAS' REALTOR PRIVATE LIMITED	Director	28/09/2012	15/02/2012	-	Active	NO
17	U45400WB2009PTC132011	C D PROPERTIES & ESTATES PRIVATE LIMITED	Director	28/09/2012	15/02/2012	-	Active	NO

Name :

Survo Chandra

Designation :

Director

Address :

P-24, C.I.T. Road, Kolkata-700014, West Bengal, India

Date of Birth/Age :

25.07.1963

Date of Appointment :

02.04.1991

Pan No.:

ACXPC2022P

Din No.:

00715616

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	U36911WB1986PTC040090	P C CHANDRA (JEWELLERS) PRIVATE LIMITED	Director	01/04/1986	01/04/1986	-	Active	NO
2	U24295WB1974PTC029523	CHANDRA'S CHEMICAL INDUSTRIES (1973) PRIVATE LIMITED	Director	21/07/1989	21/07/1989	-	Active	NO
3	U36911WB1982PTC034463	P.C.CHANDRA & SONS (INDIA) PRIVATE LIMITED	Director	02/04/1991	02/04/1991	-	Active	NO
4	U70100WB1995PTC076237	STEVIA REALTORS PRIVATE LIMITED	Director	29/12/1995	29/12/1995	15/02/2012	Active	NO
5	U65922WB1987PTC042798	P C CHANDRAS FINANCIAL SERVICES PRIVATE LIMITED	Director	21/06/1997	21/06/1997	-	Active	NO
6	U36911WB1988PTC045836	P C CHANDRA EXPORTS PRIVATE LIMITED	Director	01/09/1999	01/09/1999	-	Active	NO
7	U72200WB1999PTC090526	CCE SOFTWARE PRIVATE LIMITED	Director	29/10/1999	29/10/1999	06/02/2012	Active	NO
8	U55201WB2001PTC092795	P C CHANDRA (GEMS) PRIVATE LIMITED	Director	30/01/2001	30/01/2001	-	Active	NO
9	U91110WB1940NPL010249	BENGAL NATIONAL CHAMBER OF COMMERCE & INDUSTRY	Director	09/11/2001	09/11/2001	-	Active	NO
10	U36911WB2002PTC095555	P.C. CHANDRA JEWELLERY APEX PRIVATE LIMITED	Director	24/12/2002	24/12/2002	-	Active	NO
11	U36911WB2005PTC104061	P.C. CHANDRA GLOBAL JEWELRY PRIVATE LIMITED	Director	07/07/2005	07/07/2005	-	Active	NO
12	U36911WB2005PTC101624	P C CHANDRA JUELS INTERNATIONAL PRIVATE LIMITED	Director	30/11/2006	30/11/2006	06/02/2012	Active	NO
13	U70101WB1998PTC088564	P.C. CHANDRA ESTATES PRIVATE LIMITED	Director	30/11/2006	30/11/2006	-	Active	NO
14	U74990MH2008NPL188773	GJF EVENTS AND PROMOTIONS FEDERATION	Director	12/04/2009	12/04/2009	-	Active	NO
15	U28112WB1990PTC048836	GOLDLITES INDIA PRIVATE LIMITED	Director	28/06/2010	28/06/2010	-	Active	NO
16	U70109WB2011PTC163508	SAPPHIRE REALTY PROJECTS PRIVATE LIMITED	Director	08/06/2011	08/06/2011	-	Active	NO
17	U45400WB2009PTC132011	C D PROPERTIES & ESTATES PRIVATE LIMITED	Director	28/09/2012	15/02/2012	-	Active	NO
18	U65993WB1996PTC082164	P C CHANDRA HOLDINGS PRIVATE LIMITED	Director	15/02/2012	15/02/2012	-	Active	NO
19	U70101WB1994PLC066358	CHANDRAS GREEN PROJECT LIMITED	Director	22/09/2012	15/02/2012	-	Active	NO
20	U91990MH2005NPL154999	ALL INDIA GEMS AND JEWELLERY TRADE FEDERATION	Director	01/04/2013	01/04/2013	-	Active	NO

Name :

Mr. Prasanto Chandra

Designation :

Whole Time Director

Address :

P-24, C.I.T. Road, Kolkata-700014, West Bengal, India

Date of Birth/Age :

07.06.1964

Date of Appointment :

02.04.1991

Pan No.:

AFFPC5160D

Din No.:

00715495

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	U14107WB1973PTC028724	EMCO GENERAL PLASTIC INDUSTRIES PRIVATE LIMITED	Director	08/05/1989	08/05/1989	-	Active	NO
2	U36911WB1990PTC048324	P C CHANDRA & COMPANY PRIVATE LIMITED	Director	06/02/1990	06/02/1990	-	Active	NO
3	U36911WB1982PTC034463	P.C.CHANDRA & SONS (INDIA) PRIVATE LIMITED	Director	02/04/1991	02/04/1991	-	Active	NO
4	U36911WB1986PTC040090	P C CHANDRA (JEWELLERS) PRIVATE LIMITED	Director	22/11/1995	22/11/1995	06/02/2012	Active	NO
5	U70100WB1995PTC076237	STEVIA REALTORS PRIVATE LIMITED	Director	29/12/1995	29/12/1995	15/02/2012	Active	NO
6	U36911WB1988PTC045836	P C CHANDRA EXPORTS PRIVATE LIMITED	Director	01/09/1999	01/09/1999	06/02/2012	Active	NO
7	U72200WB1999PTC090526	CCE SOFTWARE PRIVATE LIMITED	Director	29/10/1999	29/10/1999	06/02/2012	Active	NO
8	U55201WB2001PTC092795	P C CHANDRA (GEMS) PRIVATE LIMITED	Director	30/01/2001	30/01/2001	-	Active	NO
9	U65922WB1987PTC042798	P C CHANDRAS FINANCIAL SERVICES PVT LTD	Director	30/08/2001	30/08/2001	-	Active	NO
10	U36911WB2002PTC095555	P.C. CHANDRA JEWELLERY APEX PRIVATE LIMITED	Director	24/12/2002	24/12/2002	-	Active	NO
11	U36911WB2005PTC104061	P.C. CHANDRA GLOBAL JEWELRY PRIVATE LIMITED	Director	07/07/2005	07/07/2005	-	Active	NO
12	U36911WB2005PTC101624	P C CHANDRA JUELS INTERNATIONAL PRIVATE LIMITED	Director	30/11/2006	30/11/2006	-	Active	NO
13	U70101WB1998PTC088564	P.C. CHANDRA ESTATES PRIVATE LIMITED	Director	30/11/2006	30/11/2006	-	Active	NO
14	U24119WB1976PTC030571	DI JEWELS PRIVATE LIMITED	Director	01/03/2008	01/03/2008	-	Active	NO
15	U28112WB1990PTC048836	GOLDLITES INDIA PRIVATE LIMITED	Director	28/06/2010	28/06/2010	-	Active	NO
16	U65993WB1996PTC082164	P C CHANDRA HOLDINGS PRIVATE LIMITED	Director	15/02/2012	15/02/2012	-	Active	NO
17	U70109WB1996PTC078253	CHANDRAS' REALTOR PRIVATE LIMITED	Director	28/09/2012	15/02/2012	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Swarup Kumar Dey
Designation :	Secretary
Address :	44A, Gokul Boral Street, Kolkata-700012, West Bengal, India
Date of Birth/Age :	19.05.1965
Date of Appointment :	29.01.2005
Pan No.:	ACGPD3141D

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 28.09.2013

NOTE: SHAREHOLDING DETAILS FILE ATTACHED.

AS ON 28.09.2013

Equity Share Breakup		Percentage of Holding
Category
Bodies corporate		75.00
Directors or relatives of directors		25.00
TOTAL		100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Gold and Diamond Jewellery.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Allahabad Bank, Bowbazar Street Branch, 2, College Street, Kolkata-700012, West Bengal, India

Facilities :

Secured Loan	As on 31.03.2013 [Rs. in Millions]	As on 31.03.2012 [Rs. in Millions]
Long Term Borrowing
Term Loans From Banks	0.000	0.123

Short Term Borrowings
Working Capital Loans From Banks	189.304	198.495
Term Loans From Banks	0.124	0.350
TOTAL	189.428	198.968


Banking Relations :	--

Auditors :
Name :	P.K. Mitra and Company Chartered Accountants
Address :	18, R.N. Mukherjee Road, Kolkata-700001, West Bengal, India
PAN No:	AAEFP0670K

Associates :	· P.C. Chandra (Jewellers) Private Limited · P.C. Chandra Juels International Private Limited · P.C. Chandra GLOBAL Jewelry Private Limited · P.C. Chandra gems Private Limited. · P.C. Chandra Jewellery Apex Private Limited · Goldlites India Private Limited · P.C. Chandra Holdings Private Limited. · D.I .Jewels Private Limited · P.C. Chandra Financial Services Private Limited · P.C. Chandra Estates Private Limited · Kolkata Equity Holdings Private Limited · Chandras Chemical Enterprise Private Limited · Stevia Realtors Private Limited · Chandras Hotel & Resorts Private Limited · EMCO General Plastic Industries Private Limited · Chandras Realtors Private Limited · P.C. Chandra and Company Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.100/- each	Rs.100.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
499988	Equity Shares	Rs.100/- each	Rs.49.999 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	49.999	49.999	49.999
(b) Reserves & Surplus	1157.979	871.964	620.760
(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)	1207.978	921.963	670.759

(3) Non-Current Liabilities
(a) long-term borrowings	403.807	346.228	278.370
(b) Deferred tax liabilities (Net)	1.327	1.066	0.752
(c) Other long term liabilities	159.677	126.014	75.410
(d) long-term provisions	363.687	229.688	0.000
Total Non-current Liabilities (3)	928.498	702.996	354.532

(4) Current Liabilities
(a) Short term borrowings	189.428	223.845	215.549
(b) Trade payables	68.344	12.767	14.022
(c) Other current liabilities	172.066	167.058	121.838
(d) Short-term provisions	179.055	163.055	25.403
Total Current Liabilities (4)	608.893	566.725	376.812

TOTAL	2745.369	2191.684	1402.103

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	48.938	38.939	20.955
(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	31.453	31.452	31.453
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	376.933	244.284	12.136
(e) Other Non-current assets	3.790	5.054	2.877
Total Non-Current Assets	461.114	319.729	67.421

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	2057.706	1694.405	1297.350
(c) Trade receivables	10.215	10.236	5.385
(d) Cash and cash equivalents	32.085	39.662	31.822
(e) Short-term loans and advances	184.249	127.652	0.125
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	2284.255	1871.955	1334.682

TOTAL	2745.369	2191.684	1402.103

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011

	SALES AND RELATED INCOME/GROSS REVENUE		4774.630	4102.661	3471.555

Less	EXPENSES
		TOTAL	NA	NA	NA

	PROFIT / (LOSS) BEFORE TAX		465.331	414.572	263.941

Less	TAX		150.000	134.313	87.668

	PROFIT / (LOSS) AFTER TAX		315.331	280.259	176.273

Less	APPROPRIATIONS
		Transfer to General Reserve	46.500	41.500	27.000
		Proposed Dividend	24.999	24.999	24.999

	Earnings / (Loss) Per Share (Rs.)		630.67	560.53	--

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Return on Total Assets (PBT/Total Assets}	(%)	17.15	19.19	19.25

Return on Investment (ROI) (PBT/Networth)		0.39	0.45	0.39

Debt Equity Ratio (Total Debt/Networth)		0.49	0.62	0.74

Current Ratio (Current Asset/Current Liability)		3.75	3.30	3.54

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	PAN of Proprietor/Partner/Director, if available	Yes
32]	Date of Birth of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

INDEX OF CHARGES:

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10181859	29/09/2009	40,000,000.00	ALLAHABAD BANK	BOWBAZAR BRANCH, KOLKATA - 700012, WEST BENGAL, INDIA	A71670798
2	80056248	29/03/2012 *	160,000,000.00	ALLAHABAD BANK	BOWBAZAR STREET BRANCH, 2, COLLEGE STREET, KOLKATA - 700012, WEST BENGAL, INDIA	B36569085
* Date of charge modification

OPERATIONS:

The performance of the Company was satisfactory though there was turmoil in the gold market due to fluctuation in gold price. From the operating results, it is observed that net profit of the company has increased compared to last year. During the year company has no export as the export market condition was not good.

Unsecured Loan	As on 31.03.2013 [Rs. in Millions]	As on 31.03.2012 [Rs. in Millions]
Long Term Borrowing
Intercorporate Deposits	25.050	3.050
Loans and Advances From Directors	378.757	343.055

Short Term Borrowings
Intercorporate Deposits	0.000	25.000
TOTAL	403.807	371.105

DIAMOND INDUSTRY – INDIA

- From time immemorial, India is well known in the world as the birthplace for diamonds. It is difficult to trace the origin of diamonds but history says that in the remote past, diamonds were mined only in India. Diamond production in India can be traced back to almost 8^th Century B.C. India, in fact, remained undisputed leader till 18^th Century when Brazilian fields were discovered in 1725 followed by emergence of S. Africa, Russia and Australia.

- The achievement of the Indian diamond industry was possible only due to combination of the manufacturing skills of the Indian workforce and the untiring and unflagging efforts of the Indian diamantaires, supported by progressive Government policies.

- The area of study of family owned diamond businesses derives its importance from the huge conglomerate of family run organizations which operate in the diamond industry since many generations.

- Some of the basic traits of family run business enterprises include spirit of entrepreneurship, mutual trust lowers transaction costs, small, nimble and quick to react, information as a source of advantage and philanthropy.

- Family owned diamond businesses need to improve on many fronts including higher standard of corporate governance, long-term performance – focused strategies, modern management and technology.

- Utmost caution is to be exercised while dealing with some medium and large diamond traders which are usually engaged in fictitious import – export, inter-company transactions, financially assisted by banks. In the process, several public sector banks lost several hundred million rupees. They mostly diverted borrowed money for diamond business into real estate and capital markets.

- Excerpts from Times of India dated 30^th October 2010 is as under –

- Gem and Jewellery Export Promotion Council in its statistical data has shown the export of polished diamonds to have increase by 28 % in February 2013. Compared to $ 1.4 bn worth of polished diamond export in February, 2012, India exported $ 1.84 billion worth of polished diamonds in February 2013. A senior executive of GJEPC said, “Export of cut and polished diamonds started falling month-wise after the imposition of 2 % of import duty on the polished diamonds. But February, 2013 has given a new ray of hope to the industry as the export of polished diamonds has actually increased by 28 %. It means the industry is on the track of recovery and round tripping of diamonds has stopped completely.” Demand has started coming from the US, the UK, Japan and China. India’s polished diamond export is expected to cross $ 21 bn in 2013-14.

- The banking sector has started exercising restraint while following prudent risk management norms when lending money to gems and jewellery sector. This follows the implementation of Basel III accord – a global voluntary regulatory standard on bank capital adequacy, stress testing and market liquidity.

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.62.34
UK Pound	1	Rs.102.06
Euro	1	Rs.84.46

INFORMATION DETAILS

Report Prepared by :

TPT

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	6
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	6
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		49

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

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

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

RATING EXPLANATIONS

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

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

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

MIRA INFORM REPORT

17.15

0.39

0.49

3.75

Unit