MIRA INFORM REPORT

Report Date :

06.12.2013

IDENTIFICATION DETAILS

Name :	ROHA DYE CHEM PRIVATE LIMITED
Registered Office :	12, Abhishek Samuel Street, Vadgadi, Mumbai - 400 003, Maharashtra
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	11.08.1972
Com. Reg. No.:	11-015941
Capital Investment / Paid-up Capital :	Rs.34.500 Millions
CIN No.: [Company Identification No.]	U24100MH1972PTC015941
TAN No.: [Tax Deduction & Collection Account No.]	MUMR14793C
PAN No.: [Permanent Account No.]	AAACR4974P
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of Food Colours, Dyes and Intermediates etc.
No. of Employees :	500 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (52)

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

Maximum Credit Limit :	USD 12990000
Status :	Satisfactory
Payment Behaviour :	Regular
Litigation :	Exists
Comments :	Subject is a well-established company having a satisfactory track record. The management failed to file its financial for the year 2013 with the government department. As per financial (2012), the overall financial position of the company appears to be satisfactory. The ratings also take into consideration the higher than expected debt levels over the medium term and the large debt funded capital expenditure plans in its solar power segment. However, trade relations are fair. Business is active. Payment terms are reported as regular. In view of established market position and strong operational capabilities in the food colors business and the sound operating performance of its solar power segment, the subject can be considered normal for 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	CRISIL
Rating	BBB + [Long Term]
Rating Explanation	Have moderate degree of safety and carry moderate credit risk.
Date	12.09.2013

Rating Agency Name	CRISIL
Rating	A2 [Short Term]
Rating Explanation	Have strong degree of safety and carry low credit risk.
Date	12.09.2013

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.

INFORMATION PARTED BY

Name :	Mr. Deepak Mundrelia
Designation :	Finance Manager
Contact No.:	91-22-28271933
Date :	04.12.2013

LOCATIONS

Registered Office :	12, Abhishek Samuel Street, Vadgadi, Mumbai-400 003, Maharashtra, India
Tel. No.:	91-22-28271933
Mobile No.:	91-9820207531 (Mr. Hasmukh Shah)
Fax No.:	91-22-28302531
E-Mail :	roha@bom3.vsnl.net.in carohitagarwal@yahoo.co.in roha@rohadyechem.com boision@vsnl.net chetan.sheth@rohagroup.com hasmukh.shah@rohagroup.com deepak.mandrenia@rohagroup.com
Website :	www.rohadyechem.com
Area :	1000 Sq. ft
Location :	Owned
Factory 1 :	MIDC, Plot No. 42, Dhatav, Roha, Raigad-402116, Maharashtra, India
Tel. No.:	91-22-28271933
Fax No.:	91-22-28302531/32
E-mail :	rohaindia@rohadyechem.com
Area:	125 sq. yard
Location :	Leased
Factory 2 / Corporate Office / Administrative Office :	Plot No. A/44-45, Road No. 2, MIDC, Andheri (East), Mumbai-400093, Maharashtra, India
Tel. No.:	91-22-40773333
Fax No.:	91-22-28302531/ 32
Area:	70000 sq. ft.
Location :	Leased
Regional Heads:	Located At: South Africa. Indonesia Italy China France Spain Mexico Philippines Russia Thailand UK USA Vietnam

DIRECTORS

AS ON 30.09.2013

Name :

Mr. Ramakant Jagdishprasad Tibrewala

Designation :

Chairman

Address :

603, Panchsheel Gokuldham, Goregaon (East), Mumbai – 400063, Maharashtra, India

Date of Birth/Age :

21.09.1956

Qualification :

B.Com

Date of Appointment :

06.08.1979

PAN No. :

ACDPT3596K

DIN No.:

01237898

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	U40300MH1972PTC015941	ROHA DYE CHEM PRIVATE LIMITED	Director	06-08-79	06-08-79	-	Active	NO
2	U74999MH1959PTC011463	STEINMETZ OVERSEAS PRIVATE LIMITED	Director	01-09-79	01-09-79	-	Active	NO
3	U17100MH1969PTC014416	JAGDISH TEXTILES PRIVATE LIMITED	Director	20-06-84	20-06-84	-	Active	NO
4	U01100MH1988PTC047034	JAGDISH FARMS PRIVATE LIMITED	Director	11-10-89	11-10-89	-	Active	NO
5	U65990MH1994PLC076830	ROHA LEASING AND FINANCING LIMITED	Director	28-02-94	28-02-94	-	Active	NO
6	U24239MH1988PTC048150	IDEAL CURES PRIVATE LIMITED	Director	20-07-94	20-07-94	-	Active	NO
7	U24112MH1996PTC099657	SAPIN CHEMICALS PRIVATE LIMITED	Director	15-07-96	15-07-96	-	Active	NO
8	U99999MH1994PLC082238	ROHA GLOBAL VENTURES LIMITED	Director	22-10-96	22-10-96	-	Active	NO
9	U99999MH1996PTC103439	ROHA NATURAL EXTRACTS PRIVATE LIMITED	Director	22-10-96	22-10-96	-	Active	NO
10	U24116MH1997PTC107008	RUJUTAA CHEMICALS PRIVATE LIMITED	Director	02-04-97	02-04-97	-	Strike off	NO
11	U67120MH1996PLC096977	WELLWORTH SHARE AND STOCK BROKING LIMITED	Director	31-08-98	31-08-98	-	Active	NO
12	U27109MH1972PTC015615	SHREE KAMAL ISPAT UDYOG PRIVATE LIMITED	Director	21-11-98	21-11-98	-	Active	NO
13	U72200MH1998PLC117274	RS GLOBAL INFOTECH LIMITED	Director	30-11-98	30-11-98	-	Active	NO
14	U72200MH1998PLC117545	ROHA INFOTECH LIMITED	Director	21-12-98	21-12-98	-	Active	NO
15	U25209DD1992PTC001310	ALLIED GLOBAL PLASTICS PRIVATE LIMITED	Director	30-03-99	30-03-99	29-09-08	Active	NO
16	U67120MH1999PTC119980	WELLWORTH COMMODITIES BROKING PRIVATE LIMITED	Director	21-05-99	21-05-99	-	Active	NO
17	U29199DL2004PTC128952	MR ORANCE JUICING SYSTEMS PRIVATE LIMITED	Director	30-05-06	30-05-06	05-09-08	Active	NO
18	U45201MH2006PTC162778	ROHA INFRASTRUCTURE DEVELOPERS PRIVATE LIMITED.	Director	22-06-06	22-06-06	01-02-11	Active	NO
19	U15419KA2006PTC041294	JUICES N SNACKS INDIA PRIVATE LIMITED	Director	27-12-06	27-12-06	27-02-09	Under Process of Striking off	NO
20	U70101MH2005PTC158473	STATFORD DEVELOPERS PRIVATE LIMITED	Additional director	05-08-09	05-08-09	-	Active	NO
21	U74990MH2009PTC196665	WISDOM WELLNESS PRIVATE LIMITED	Director	30-09-10	02-12-09	-	Active	NO
22	U15419TN1995PTC032799	INDRAS AGENCIES PRIVATE LIMITED	Director	24-12-10	24-12-09	16-04-13	Active	NO
23	U24297MH2010PTC204395	ROHA DYECHEM SEZ PRIVATE LIMITED	Director	17-06-10	17-06-10	-	Active	NO
24	U40105MH2010PTC209822	ROHA ENERGY PRIVATE LIMITED	Director	04-11-10	04-11-10	-	Active	NO
25	U01111GJ2010PTC062884	ROHA AGRI DEVELOPERS PRIVATE LIMITED	Director	11-11-10	11-11-10	-	Active	NO
26	U85191MH2011NPL216938	AGARWAL GLOBAL FOUNDATION	Director	02-05-11	02-05-11	-	Active	NO
27	U45200MH2006PTC160428	J. P. INFRA (MUMBAI) PRIVATE LIMITED	Director	30-09-11	24-06-11	20-03-12	Active	NO
28	U45400MH2010PTC205367	J.P. INFRA DEVELOPERS PRIVATE LIMITED	Director	30-09-11	24-06-11	12-04-12	Active	NO
29	U40300MH2012PTC237802	ROHA URJA PRIVATE LIMITED	Director	09-11-12	09-11-12	-	Active	NO
30	U40300MH2012PTC237801	ROHA NATURAL RESOURCES PRIVATE LIMITED	Director	09-11-12	09-11-12	-	Active	NO
31	U40300MH2012PTC237793	ROHA GREEN ENERGY PRIVATE LIMITED	Director	09-11-12	09-11-12	-	Active	NO
32	U40107MH2012PTC237790	ROHA ECO ENERGY PRIVATE LIMITED	Director	09-11-12	09-11-12	-	Active	NO
33	U40300MH2012PTC237806	ROHA NATURAL ENERGY PRIVATE LIMITED	Director	10-11-12	10-11-12	-	Active	NO
34	U26960MH2013PTC245573	ELITE GLASS PRIVATE LIMITED	Director	12-07-13	12-07-13	-	Active	NO
35	U55101MH2013PTC246462	GAIETY HOTELS PRIVATE LIMITED	Director	31-07-13	31-07-13	-	Active	NO
36	U45200MH2013PTC246736	JHABARMAL BUILDERS PRIVATE LIMITED	Director	06-08-13	06-08-13	-	Active	NO
37	U51101MH2013PTC247025	NOUVEAU TRADELINK PRIVATE LIMITED	Director	16-08-13	16-08-13	-	Active	NO
38	U45400MH2013PTC247117	FIRMAMENT DEVELOPERS PRIVATE LIMITED	Director	17-08-13	17-08-13	-	Active	NO
39	U92490MH2013PTC247214	AMITY MEDIA AND ENTERTAINMENT PRIVATE LIMITED	Director	19-08-13	19-08-13	-	Active	NO
40	U45203MH2013PTC247640	RADIUM REALTORS PRIVATE LIMITED	Director	29-08-13	29-08-13	-	Active	NO
41	U34102MH2013PTC247639	PISTON AUTO COMPONENTS PRIVATE LIMITED	Director	29-08-13	29-08-13	-	Active	NO
42	U25194MH2013PTC247839	QUARTZ PLASTIC PRODUCTS PRIVATE LIMITED	Director	04-09-13	04-09-13	-	Active	NO

Name :

Mr. Srikant Jagdishprasad Tibrewala

Designation :

Director

Address :

503, Panchsheel Gokuldham, Goregaon (East), Mumbai – 400063, Maharashtra, India

Date of Birth/Age :

18.06.1962

Qualification :

B.Com

Date of Appointment :

19.07.9182

PAN No. :

AABPT3052A

DIN No.:

00197891

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	U40300MH1972PTC015941	ROHA DYE CHEM PRIVATE LIMITED	Director	19-07-82	19-07-82	-	Active	NO
2	U17100MH1969PTC014416	JAGDISH TEXTILES PRIVATE LIMITED	Director	20-06-84	20-06-84	-	Active	NO
3	U01100MH1988PTC047034	JAGDISH FARMS PRIVATE LIMITED	Director	11-10-89	11-10-89	-	Active	NO
4	U65990MH1994PLC076830	ROHA LEASING AND FINANCING LIMITED	Director	28-02-94	28-02-94	-	Active	NO
5	U24239MH1988PTC048150	IDEAL CURES PRIVATE LIMITED	Director	04-08-94	04-08-94	-	Active	NO
6	U24110MH1996PTC099750	NILAYA CHEMICALS PRIVATE LIMITED	Director	26-08-96	26-08-96	-	Active	NO
7	U99999MH1994PLC082238	ROHA GLOBAL VENTURES LIMITED	Director	22-10-96	22-10-96	-	Active	NO
8	U99999MH1996PTC103439	ROHA NATURAL EXTRACTS PRIVATE LIMITED	Director	22-10-96	22-10-96	-	Active	NO
9	U24116MH1997PTC107008	RUJUTAA CHEMICALS PRIVATE LIMITED	Director	02-04-97	02-04-97	-	Strike off	NO
10	U67120MH1996PLC096977	WELLWORTH SHARE AND STOCK BROKING LIMITED	Director	31-08-98	31-08-98	-	Active	NO
11	U72200MH1998PLC117274	RS GLOBAL INFOTECH LIMITED	Director	11-12-98	11-12-98	-	Active	NO
12	U27109MH1972PTC015615	SHREE KAMAL ISPAT UDYOG PRIVATE LIMITED	Director	15-11-00	15-11-00	-	Active	NO
13	U67120MH1999PTC119980	WELLWORTH COMMODITIES BROKING PRIVATE LIMITED	Director	15-06-05	15-06-05	-	Active	NO
14	U15419TN1995PTC032799	INDRAS AGENCIES PRIVATE LIMITED	Director	21-04-06	21-04-06	16-04-13	Active	NO
15	U29199DL2004PTC128952	MR ORANCE JUICING SYSTEMS PRIVATE LIMITED	Director	30-05-06	30-05-06	17-01-11	Active	NO
16	U45201MH2006PTC162778	ROHA INFRASTRUCTURE DEVELOPERS PRIVATE LIMITED.	Director	22-06-06	22-06-06	26-07-11	Active	NO
17	U29199MH2006PTC163229	FILTER MACHINES PRIVATE LIMITED	Director	22-07-06	22-07-06	-	Active	NO
18	U67190MH2007PTC176367	WELLWORTH CAPITAL SERVICES PRIVATE LIMITED	Director	30-11-07	30-11-07	28-03-13	Active	NO
19	U72200MH1998PLC117545	ROHA INFOTECH LIMITED	Director	31-03-09	31-03-09	-	Active	NO
20	U24297MH2010PTC204395	ROHA DYECHEM SEZ PRIVATE LIMITED	Director	17-06-10	17-06-10	-	Active	NO
21	U40105MH2010PTC209822	ROHA ENERGY PRIVATE LIMITED	Director	04-11-10	04-11-10	-	Active	NO
22	U18204MH2013PTC246179	MODISH APPARELS PRIVATE LIMITED	Director	26-07-13	26-07-13	-	Active	NO
23	U27101MH2013PTC246263	CONSTELLATION STEELS PRIVATE LIMITED	Director	27-07-13	27-07-13	-	Active	NO
24	U60231MH2013PTC246510	EXPEDITIOUS TRANSPORTS PRIVATE LIMITED	Director	31-07-13	31-07-13	-	Active	NO
25	U26100MH2013PTC246518	GLAMOUR GLASS PRIVATE LIMITED	Director	01-08-13	01-08-13	-	Active	NO
26	U45200MH2013PTC246736	JHABARMAL BUILDERS PRIVATE LIMITED	Director	06-08-13	06-08-13	-	Active	NO
27	U51900MH2013PTC246848	PERPETUAL IMPEX PRIVATE LIMITED	Director	12-08-13	12-08-13	-	Active	NO
28	U51502MH2013PTC246842	EXCOM TRADERS PRIVATE LIMITED	Director	12-08-13	12-08-13	-	Active	NO
29	U24200MH2013PTC246906	RECTUS COLOURS PRIVATE LIMITED	Director	13-08-13	13-08-13	-	Active	NO
30	AAB-6625	ROHA COLOURS LLP	Designated Partner	23-07-13	23-07-13	-	Active	NO

Name :

Mr. Mahesh Ramakant Tibrewala

Designation :

Director

Address :

603/604, Panchsheel, Gokuldham, Goregaon (East), Mumbai - 400063, Maharashtra, India

Date of Birth/Age :

28.10.1986

Date of Appointment :

31.08.2011

DIN No.:

01342061

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	U15419TN1995PTC032799	INDRAS AGENCIES PRIVATE LIMITED	Director	21-04-06	21-04-06	24-12-09	Active	NO
2	U29199DL2004PTC128952	MR ORANCE JUICING SYSTEMS PRIVATE LIMITED	Director	30-05-06	30-05-06	17-01-11	Active	NO
3	U15134MH2006PTC164107	JAGSONS HEALTH CARE PRIVATE LIMITED	Director	26-08-06	26-08-06	-	Active	NO
4	U15419KA2006PTC041294	JUICES N SNACKS INDIA PRIVATE LIMITED	Director	27-12-06	27-12-06	-	Under Process of Striking off	NO
5	U72200MH1998PLC117545	ROHA INFOTECH LIMITED	Director	31-03-09	31-03-09	-	Active	NO
6	U01111GJ2010PTC062884	ROHA AGRI DEVELOPERS PRIVATE LIMITED	Director	11-11-10	11-11-10	-	Active	NO
7	U40300MH1972PTC015941	ROHA DYE CHEM PRIVATE LIMITED	Director	31-08-11	31-08-11	-	Active	NO
8	U45200MH2006PTC160197	ONEUP REALTORS PRIVATE LIMITED	Director	01-08-12	01-08-12	-	Active	NO
9	U40300MH2012PTC237802	ROHA URJA PRIVATE LIMITED	Director	09-11-12	09-11-12	-	Active	NO
10	U40300MH2012PTC237801	ROHA NATURAL RESOURCES PRIVATE LIMITED	Director	09-11-12	09-11-12	-	Active	NO
11	U40300MH2012PTC237793	ROHA GREEN ENERGY PRIVATE LIMITED	Director	09-11-12	09-11-12	-	Active	NO
12	U40107MH2012PTC237790	ROHA ECO ENERGY PRIVATE LIMITED	Director	09-11-12	09-11-12	-	Active	NO
13	U40300MH2012PTC237806	ROHA NATURAL ENERGY PRIVATE LIMITED	Director	10-11-12	10-11-12	-	Active	NO
14	U67120MH1996PLC096977	WELLWORTH SHARE AND STOCK BROKING LIMITED	Additional director	03-01-13	03-01-13	-	Active	NO
15	U67190MH2007PTC176356	AMBIT FINANCIAL SERVICES PRIVATE LIMITED	Director	01-04-13	01-04-13	-	Active	NO
16	U24233MH2013PTC246262	MAGENTA COLOURS PRIVATE LIMITED	Director	27-07-13	27-07-13	-	Active	NO
17	U60231MH2013PTC246510	EXPEDITIOUS TRANSPORTS PRIVATE LIMITED	Director	31-07-13	31-07-13	-	Active	NO
18	U26100MH2013PTC246518	GLAMOUR GLASS PRIVATE LIMITED	Director	01-08-13	01-08-13	-	Active	NO
19	U24233MH2013PTC246776	TIBREWALA PHARMACEUTICALS PRIVATE LIMITED	Director	08-08-13	08-08-13	-	Active	NO
20	U72300MH2013PTC246905	SUPREMO INFOTECH PRIVATE LIMITED	Director	13-08-13	13-08-13	-	Active	NO
21	U51101MH2013PTC247025	NOUVEAU TRADELINK PRIVATE LIMITED	Director	16-08-13	16-08-13	-	Active	NO
22	U45201MH2013PTC247119	SPUTNIK BUILDCON PRIVATE LIMITED	Director	17-08-13	17-08-13	-	Active	NO
23	U17120MH2013PTC247345	COUTURIER WEARS PRIVATE LIMITED	Director	22-08-13	22-08-13	-	Active	NO
24	U21023MH2013PTC247636	JASPER COATED PAPERS PRIVATE LIMITED	Director	29-08-13	29-08-13	-	Active	NO
25	U34102MH2013PTC247639	PISTON AUTO COMPONENTS PRIVATE LIMITED	Director	29-08-13	29-08-13	-	Active	NO
26	U74999MH2013PTC247850	PLATO ADVISORY SERVICES PRIVATE LIMITED	Director	04-09-13	04-09-13	-	Active	NO
27	U45209MH2013PTC247849	REALM BUILDCON PRIVATE LIMITED	Director	04-09-13	04-09-13	-	Active	NO
28	U25194MH2013PTC247839	QUARTZ PLASTIC PRODUCTS PRIVATE LIMITED	Director	04-09-13	04-09-13	-	Active	NO
29	AAB-5611	BRILLIANT INFRADEVELOPERS LLP	Designated Partner	01-06-13	01-06-13	-	Active	NO
30	AAB-6396	ROHA SOFTECH LLP	Designated Partner	10-07-13	10-07-13	-	Active	NO

Name :

Mr. Deepesh Shrikant Tibrewala

Designation :

Director

Address :

504, Panchsheel, Gokuldham, Goregaon (East), Mumbai - 400063, Maharashtra, India

Date of Birth/Age :

13.11.1986

Date of Appointment :

31.08.2011

DIN No.:

01342101

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	U15419TN1995PTC032799	INDRAS AGENCIES PRIVATE LIMITED	Director	21-04-06	21-04-06	16-04-13	Active	NO
2	U45201MH2006PTC162778	ROHA INFRASTRUCTURE DEVELOPERS PRIVATE LIMITED.	Director	22-06-06	22-06-06	01-02-11	Active	NO
3	U29199MH2006PTC163229	FILTER MACHINES PRIVATE LIMITED	Director	22-07-06	22-07-06	-	Active	NO
4	U40300MH1972PTC015941	ROHA DYE CHEM PRIVATE LIMITED	Director	31-08-11	31-08-11	-	Active	NO
5	U51900MH2013PTC246848	PERPETUAL IMPEX PRIVATE LIMITED	Director	12-08-13	12-08-13	-	Active	NO
6	U51502MH2013PTC246842	EXCOM TRADERS PRIVATE LIMITED	Director	12-08-13	12-08-13	-	Active	NO
7	U80904MH2013PTC247123	ELOQUENT EDUCATION ACADEMY PRIVATE LIMITED	Director	17-08-13	17-08-13	-	Active	NO
8	U45400MH2013PTC247117	FIRMAMENT DEVELOPERS PRIVATE LIMITED	Director	17-08-13	17-08-13	-	Active	NO
9	U45400MH2013PTC247115	ZYLOG DEVELOPERS PRIVATE LIMITED	Director	17-08-13	17-08-13	-	Active	NO
10	U45200MH2013PTC247171	POINT BUILDERS PRIVATE LIMITED	Director	19-08-13	19-08-13	-	Active	NO
11	U24299MH2013PTC247261	TINGE PAINTS PRIVATE LIMITED	Director	20-08-13	20-08-13	-	Active	NO
12	U17120MH2013PTC247345	COUTURIER WEARS PRIVATE LIMITED	Director	22-08-13	22-08-13	-	Active	NO
13	U21023MH2013PTC247636	JASPER COATED PAPERS PRIVATE LIMITED	Director	29-08-13	29-08-13	-	Active	NO
14	U74900MH2013PTC247829	STEER BUSINESS SOLUTIONS PRIVATE LIMITED	Director	03-09-13	03-09-13	-	Active	NO
15	AAB-6625	ROHA COLOURS LLP	Designated Partner	23-07-13	23-07-13	-	Active	NO

Name :

Mr. Brijesh Ramakant Tiberwala

Designation :

Director

Address :

603/604, Panchsheel, Gokuldham, Goregaon (East), Mumbai - 400063, Maharashtra, India

Date of Birth/Age :

25.10.1983

Date of Appointment :

31.08.2011

DIN No.:

02276831

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	L17120MH1987PLC042424	KAMADGIRI FASHION LIMITED	Director	09-07-02	09-07-02	15-07-08	Active	NO
2	U24306MH1988PLC046527	JAGRUTI SYNTHETICS LIMITED	Director	30-09-02	30-09-02	15-07-08	Active	NO
3	U45201MH2006PTC162778	ROHA INFRASTRUCTURE DEVELOPERS PRIVATE LIMITED.	Director	22-06-06	22-06-06	01-02-11	Active	NO
4	U01111GJ2010PTC062884	ROHA AGRI DEVELOPERS PRIVATE LIMITED	Director	11-11-10	11-11-10	-	Active	NO
5	U40300MH1972PTC015941	ROHA DYE CHEM PRIVATE LIMITED	Director	31-08-11	31-08-11	-	Active	NO
6	U40300MH2012PTC237802	ROHA URJA PRIVATE LIMITED	Director	09-11-12	09-11-12	-	Active	NO
7	U40300MH2012PTC237801	ROHA NATURAL RESOURCES PRIVATE LIMITED	Director	09-11-12	09-11-12	-	Active	NO
8	U40300MH2012PTC237793	ROHA GREEN ENERGY PRIVATE LIMITED	Director	09-11-12	09-11-12	-	Active	NO
9	U40107MH2012PTC237790	ROHA ECO ENERGY PRIVATE LIMITED	Director	09-11-12	09-11-12	-	Active	NO
10	U40300MH2012PTC237806	ROHA NATURAL ENERGY PRIVATE LIMITED	Director	10-11-12	10-11-12	-	Active	NO
11	U27101MH2013PTC246263	CONSTELLATION STEELS PRIVATE LIMITED	Director	27-07-13	27-07-13	-	Active	NO
12	U18204MH2013PTC246465	CROCHET FABRIC PRIVATE LIMITED	Director	31-07-13	31-07-13	-	Active	NO
13	U55101MH2013PTC246462	GAIETY HOTELS PRIVATE LIMITED	Director	31-07-13	31-07-13	-	Active	NO
14	U24200MH2013PTC246906	RECTUS COLOURS PRIVATE LIMITED	Director	13-08-13	13-08-13	-	Active	NO
15	U72300MH2013PTC246905	SUPREMO INFOTECH PRIVATE LIMITED	Director	13-08-13	13-08-13	-	Active	NO
16	U80904MH2013PTC247123	ELOQUENT EDUCATION ACADEMY PRIVATE LIMITED	Director	17-08-13	17-08-13	-	Active	NO
17	U92490MH2013PTC247214	AMITY MEDIA AND ENTERTAINMENT PRIVATE LIMITED	Director	19-08-13	19-08-13	-	Active	NO
18	U45200MH2013PTC247171	POINT BUILDERS PRIVATE LIMITED	Director	19-08-13	19-08-13	-	Active	NO
19	U74900MH2013PTC247829	STEER BUSINESS SOLUTIONS PRIVATE LIMITED	Director	03-09-13	03-09-13	-	Active	NO
20	U74999MH2013PTC247850	PLATO ADVISORY SERVICES PRIVATE LIMITED	Director	04-09-13	04-09-13	-	Active	NO
21	U45209MH2013PTC247849	REALM BUILDCON PRIVATE LIMITED	Director	04-09-13	04-09-13	-	Active	NO
22	AAB-6396	ROHA SOFTECH LLP	Designated Partner	10-07-13	10-07-13	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2013

Names of Shareholders (Ordinary Equity Share)	No. of Shares
Shrikant Tibrewala	11640
Ramakant Tibrewala	48598
Sushma Tibrewala	34370
Mahesh Tibrewala	33000
Brijesh Tibrewala	36960
Haresh Tibrewala	11000
Brijesh Ramakant HUF	29302
Annapurna Tibrewala	16720
Deepesh Tibrewala	11066
Deepesh Shrikant HUF	12244
Jagdish Prasad Ramakant HUF	100
TOTAL [1]	245000
Names of Shareholders (Class A- Equity Share)	No. of Shares
Shrikant Tibrewala	3516
Ramakant Tibrewala	14679
Sushma Tibrewala	10381
Mahesh Tibrewala	9967
Brijesh Tibrewala	11164
Haresh Tibrewala	3323
Brijesh Ramakant HUF	8850
Annapurna Tibrewala	5050
Deepesh Tibrewala	3342
Deepesh Shrikant HUF	3698
Jagdish Prasad Ramakant HUF	30
Ajay Devgan	22000
Kumar Mangat Pathak	4000
TOTAL [2]	100000
TOTAL [1+2]	345000

AS ON 30.09.2013

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	92.46
Other top fifty shareholders	7.54
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of Food Colours, Dyes and Intermediates etc.

Products :

PRODUCT DESCRIPTION	ITEM CODE NO. (ITC CODE)
Tartrazine	3204 19 72
Sunset Yellow	3204 19 71
Carmoisine	3204 19 09

Exports :

Products :

Food Colours, Dyes and Intermediates

Countries :

· Europe

· Middle East

· Switzerland

· New Zealand

· Australia

· US

· UK

· Gulf Country

· Asian Country

Imports :

Products :

Raw Material

Countries :

· China

· Australia

PRODUCTION STATUS [AS ON 31.03.2011]

Particulars	Unit	Actual Production
Food, Lake and Acid Colour	MT	8804
Electricity	KWH	12824

NOTE: Installed capacity cannot be determined due to the heterogeneous nature of products manufactured by the Company

GENERAL INFORMATION

Suppliers :

Not Available

Customers :

Not Available

No. of Employees :

500 (Approximately)

Bankers :

· The Ratnakar Bank Limited, Shahupuri, Kolhapur-416001, Maharashtra, India

· ING Vysya Bank Limited, Mittal Towers, A-Wing, Ground Floor, 210, Nariman Point, Mumbai-400021, Maharashtra, India

· Bank of India, Sion Branch, 29, Amba Bhavan, Laxmi Chowk, Sion Circle, Mumbai-400022, Maharashtra, India

· Indusind Bank Limited, Indusind House, 425, D.B. Marg, Opera House, Mumbai-400004, Maharashtra, India

Facilities :

Secured Loan	As on 31.03.2012 [Rs. in Millions]	As on 31.03.2011 [Rs. in Millions]
Long Term Borrowings
Term Loans From Banks	2338.806	3.056
Short Term Borrowings
Loans Repayable on Demand From Banks	967.015	597.384
Loans Repayable on Demand From Others	73.672	73.671
TOTAL	3379.493	674.111

Banking Relations :	--
Auditors :
Name :	BBSR and Company Chartered Accountants
Address :	703, 7^th Floor, Godrej Castlemaine, Next to Ruby Hall Clinic, Bund Garden Road, Pune – 411001, Maharashtra, India
PAN No:	AAKFB4397F
Associates/Subsidiaries :	· Roha Europe SLU · Roha (USA) LLC · Roha (France) SARL · Roha (Australia) Pty Limited · Roha (UK) Limited · Simpson (UK) Limited · Roha Specialities Incorporation Philipines · Roha SRL Itlay · Roha Dyechem (HK) Limited · Roha Dyechem Indonesia · Roha Dyechem Vietnam Limited · Roha Dyechem Sanghai · Roha (Shanghai) Food Aditives Company Limited · Idacol Food Colours Maxico · Pt Roha Lautan Pewarna (Indonesia) · Roha Dyechem LLC, Russia · Idacol Russia LLC · Anchit Chemicals Private Limited · Filter Machines Private Limited · Indras Agencies Private Limited · Steinmetz Overseas Private Limited · Jagdish Textiles Private Limited · Adhik Chemicals Private Limited · Ideal Cures Private Limited · Well Worth Share And Stock Broking Private Limited · Eeshan Infosystem Private Limited · R.S Global Infotech Private Limited · Roha Infrastructure Private Limited · Statford Developers Private Limited formerly known as Ricossa Trading Private Limited · One up Realtors Private Limited · Roha Energy Private Limited · Roha Leasing and Financing Limited · Goyolene Fibres (India) Private Limited · Abhishek Dyechem Private Limited · Jagson Intermediates and Chemicals Private Limited
Joint Ventures :	· Roha Thailand Limited · Roha Dyechem Thailand Limited · Roha Asia Pacific Thailand Limited

CAPITAL STRUCTURE

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
350000	Equity Shares	Rs.100/- each	Rs.35.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
345000	Equity Shares	Rs.100/- each	Rs.34.500 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	34.500	24.500
(b) Reserves & Surplus	3213.451	2923.624
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	3247.951	2948.124
(3) Non-Current Liabilities
(a) long-term borrowings	3050.280	604.719
(b) Deferred tax liabilities (Net)	45.216	55.740
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	1.296	0.930
Total Non-current Liabilities (3)	3096.792	661.389
(4) Current Liabilities
(a) Short term borrowings	1105.390	671.055
(b) Trade payables	472.315	482.102
(c) Other current liabilities	1112.373	212.279
(d) Short-term provisions	37.528	36.417
Total Current Liabilities (4)	2727.606	1401.853
TOTAL	9072.349	5011.366
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	3888.568	624.695
(ii) Intangible Assets	14.766	17.470
(iii) Capital work-in-progress	114.142	100.705
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	1108.948	547.590
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	916.239	1448.548
(e) Other Non-current assets	38.500	82.500
Total Non-Current Assets	6081.163	2821.508
(2) Current assets
(a) Current investments	16.767	20.917
(b) Inventories	781.292	688.706
(c) Trade receivables	1115.371	969.777
(d) Cash and cash equivalents	898.640	67.233
(e) Short-term loans and advances	120.768	438.712
(f) Other current assets	58.348	4.513
Total Current Assets	2991.186	2189.858
TOTAL	9072.349	5011.366

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		24.500
2] Share Application Money		0.000
3] Reserves & Surplus		2881.579
4] (Accumulated Losses)		0.000
NETWORTH		2906.079
LOAN FUNDS
1] Secured Loans		772.250
2] Unsecured Loans		245.833
TOTAL BORROWING		1018.083
DEFERRED TAX LIABILITIES		100.838
TOTAL		4025.000
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		668.512
Capital work-in-progress		324.884
INVESTMENT		558.770
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	355.810
	Sundry Debtors	1141.805
	Cash & Bank Balances	35.902
	Other Current Assets	0.209
	Loans & Advances	1171.200
Total Current Assets		2704.926
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	201.878
	Other Current Liabilities	14.121
	Provisions	16.093
Total Current Liabilities		232.092
Net Current Assets		2472.834
MISCELLANEOUS EXPENSES		0.000
TOTAL		4025.000

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	3406.900	2523.000	2573.417
		Other Income	194.600	148.400	82.982
		TOTAL (A)	3601.500	2671.400	2656.399
Less	EXPENSES
		Raw Material Consumed			1216.559
		Purchase for Resale			1.250
		Payment to Employees	3318.000	2442.300	86.315
		Manufacturing Expenses			373.000
		Administration and Other Expenses			210.953
		Selling and Distribution Expenses			181.809
		Increase / Decrease in Stock			14.329
		TOTAL (B)	3318.000 [Including Financial Expenses and Depreciation]	2442.300	2084.215
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)				572.184
Less	FINANCIAL EXPENSES (D)				101.230
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)				470.954
Less/ Add	DEPRECIATION/ AMORTISATION (F)				121.321
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		283.500	229.100	349.633
Less	TAX (H)		(5.300)	185.900	111.564
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		288.800	43.200	238.069
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		2290.000	2256.800	2042.795
Less	APPROPRIATIONS
		Transfer to General Reserve	NA	NA	20.000
		Dividend	NA	NA	4.900
		Tax on Dividend	NA	NA	0.814
	BALANCE CARRIED TO THE B/S		NA	NA	2255.150
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	2598.500	1793.200	1944.695
		Commission Earnings		0.000	39.771
	TOTAL EARNINGS		2598.500	1793.200	1984.466
	IMPORTS
		Raw Materials	NA	NA	804.303
		Stores & Spares	NA	NA	1.121
		Others	NA	NA	8.514
	TOTAL IMPORTS		NA	NA	813.938
	Earnings / (Loss) Per Share (Rs.)		837.10	176.39	971.71

Particulars	31.03.2013
Sales [Approximately]	4350.000

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	8.02	1.62	8.96
Net Profit Margin (PBT/Sales)	(%)	8.32	9.08	13.59
Return on Total Assets (PBT/Total Assets}	(%)	3.61	0.05	10.36
Return on Investment (ROI) (PBT/Networth)		0.09	0.07	0.12
Debt Equity Ratio (Total Debt/Networth)		1.27	0.43	0.35
Current Ratio (Current Asset/Current Liability)		1.10	1.56	11.65

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	Yes
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	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
21]	Market information	--
22]	Litigations that the firm / promoter involved in	Yes
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	No
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	10424832	20/04/2013	250,000,000.00	INDUSIND BANK LIMITED	DR. GOPAL DAS BHAWAN, 28, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA	B74815796
2	10318744	04/11/2011	210,000,000.00	THE SARASWAT COOPERATIVE BANK LIMITED	SME VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOCIETY, SUBHASH ROAD, VILE PARLE EAST, MUMBAI, MAHARASHTRA - 400057, INDIA	B25705856
3	10298965	30/01/2012 *	2,660,291,220.00	IDBI TRUSTEESHIP SERVICES LIMITED	ASIAN BLDG., GROUND FLOOR, 17, R. KAMANI MARG,, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA	B31074321
4	10286852	16/05/2011	200,000,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA	B12794152
5	10287015	28/02/2013 *	150,000,000.00	ING VYSYA BANK LIMITED	MITTAL TOWERS,A-WING,GROUND FLOOR, 210 NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA	B72921067
6	10058230	23/04/2013 *	860,000,000.00	BANK OF INDIA	ANDHERI MID CORPORATE BRANCH, M.D.I BUILDING, 28, 1ST FLOOR, S.V. ROAD, ANDHERI (WEST),, MUMBAI, MAHARASHTRA - 400058, INDIA	B77540433
7	80006638	17/06/2006 *	300,000.00	BANK OF INDIA	SION BRANCH, 29, AMBA BHAVAN,, SION CIRCLE, MUMBAI, MAHARASHTRA - 400022, INDIA	-

* Date of charge modification

CAST DETAILS

BENCH:-BOMBAY

PRESENTATION DATE:- 14/06/2013

LODGING NO.:- ITXAL/873/2013 FILING DATE:- 14/06/2013

REG. NO.:- ITXA/1442/2013 REG. DATE:- 29/07/2013

PETITIONER:- COMMISSIONER OF INCOME TAX, CENTRAL

RESPONDENT:- ROHA DYE CHEM PRIVATE LIMITED

PETN. ADV.:- ARVIND PINTO (0)

RESP. ADV.:- RAJESH SHAH AND COMPANY (0)

DISTRICT:- MUMBAI

BENCH:- DIVISION

STATUS:- PRE-ADMISSION CATEGORY:- TAX APPEALS

LAST DATE:- 04/12/2013

LAST CORAM:- ACCORDING TO SITTING LIST

ACT :- INCOME TAX ACT, 1961 UNDER SECTION:- 260 A

BUSINESS PERFORMANCE:

The company has incorporated the results of South Africa Branch by way of consolidation of line items. The total revenue generated by the Company during the financial year was Rs. 3601.500 Millions against Rs. 2671.400 Millions for the previous financial year 2010-11 showing a healthy growth of 34.82%. Profit before also showed an increase of 23.74% over the last year. Provision for taxation at Rs. (5.300) Millions is due to MAT credit entitlement and Deferred Tax credit. Although the inflation was at an elevated level throughout the fiscal year and uncertain global economic slowdown continued, your company continue grew at a satisfactory rate.

Unsecured Loan	As on 31.03.2012 [Rs. in Millions]	As on 31.03.2011 [Rs. in Millions]
Long Term Borrowings
Deferred Payment Liabilities	5.174	8.104
Loans and Advances From Related Parties	706.300	593.559
Short Term Borrowings
Loans and Advances From Related Parties	64.703	0.000
TOTAL	776.177	601.663

FIXED ASSETS:

• Freehold Land
• Leasehold Land
• Factory Building
• Plant and Machinery
• Equipments
• Vehicles
• Computer Software
• Storage Tanks
• Land wind mill
• Electrical installation
• Furniture and fixtures
• Data processing equipments
• Laboratory instruments
• Effluent plants

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.61.69
UK Pound	1	Rs.101.08
Euro	1	Rs.84.07

INFORMATION DETAILS

Information Gathered by :	PDT
Report Prepared by :	TPT

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	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		52

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.