MIRA INFORM REPORT

Report Date :

08.01.2013

IDENTIFICATION DETAILS

Name :	SHRI RAMALINGA MILLS LIMITED
Registered Office :	212, Ramasamy Nagar, Aruppukottai-626129, Tamilnadu
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	07.02.1951
Com. Reg. No.:	18-002746
Capital Investment / Paid-up Capital :	Rs. 4.050 Millions
CIN No.: [Company Identification No.]	U17111TN1951PLC002746
TAN No.: [Tax Deduction & Collection Account No.]	MRIS01687A
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of Yarn
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (27)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 4900000
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an established company having a moderate track record. The latest financials are not made available with the government department. As per previous year’s record, the company having a satisfactory track record. Financially seems to be strong. Trade relations are reported to be fair. Business is active. Payments are reported unknown. The company can be considered for business dealings with some caution.

NOTES :

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

ECGC Country Risk Classification List – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	B+(Long Term Fund Based)
Rating Explanation	Having high risk of default regarding timely servicing of financial obligation.
Date	August 2012

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 :	212, Ramasamy Nagar, Aruppukottai-626129, Tamilnadu, India
Tel. No.:	91-4566-240282
Fax No.:	91-4566-240507
E-Mail :	ramalingamills_2006@yahoo.co.in srmaunit@dataone.in

DIRECTORS

AS ON 28.09.2012

Name :	Mr. Thathi Ramasamy Naicker Jayaraman
Designation :	Director
Address :	51, Pillaimar Street, Arunppukottai, Virudhunagar District, Tamilnadu, India
Date of Birth/Age :	15.05.1935
Date of Appointment :	04.05.1962
PAN No.:	ACOPJ4044M
DIN No.:	00600336

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	U17111TN1951PLC002746	SHRI RAMALINGA MILLS LIMITED	Director	04/05/1962	04/05/1962	-	Active	NO
2	U27104TN1961PTC004402	KOVILPATTI STEEL ROLLING INDUSTRIES PRIVATE LIMITED	Director	07/05/1979	07/05/1979	-	Active	NO
3	U65191TN1980PTC008152	ARUPPUKOTTAI SRI JAYAVILAS FINANCE PRIVATE LIMITED	Director	01/03/1980	01/03/1980	-	Active	NO
4	U51102TN1981PLC008702	SRI JAYAJOTHI AND COMPANY LIMITED	Director	07/04/1981	07/04/1981	24/03/2011	Active	NO
5	U27104TN1982PTC009175	SREE JAYA VILAS MALLEABLE CASTINGS PRIVATE LIMITED	Director	18/01/1982	18/01/1982	05/10/2011	Active	NO
6	U27200TN1984PTC011013	ARUPPUKOTTAI SRI JAYAVILAS INVESTMENTS PRIVATE LIMITED	Director	12/07/1984	12/07/1984	-	Active	NO
7	U25199TN1987PTC014565	SUNLITE RUBBERS PRIVATE LIMITED	Director	23/06/1987	23/06/1987	-	Active	NO
8	U17111TN1989PTC017318	JAI JAGADHAMBIGA TEXTILE MILLS PRIVATE LIMITED	Director	27/04/1989	27/04/1989	-	Active	NO
9	U35111TN1983PTC010041	JESUDASONS PRIVATE LIMITED	Director	27/11/1991	27/11/1991	-	Active	NO
10	U17111TN1992PTC022526	SHRI JAYAVARTHAN SPINNING MILL PRIVATE LIMITED	Director	22/04/1992	22/04/1992	05/10/2011	Active	NO
11	U17111TN1996PTC034526	SRI JAYA JOTHI TEXTILE MILLS PRIVATE LIMITED	Director	15/02/1996	15/02/1996	-	Active	NO
12	U18101TN1996PTC035925	SREE ISWARYA TEXTILES PRIVATE LIMITED	Director	01/07/1996	01/07/1996	-	Active	NO
13	U17111TN1983PLC009973	L.S. MILLS LIMITED	Director	10/06/2005	10/06/2005	05/02/2011	Active	NO

Name :	Mr. Thathi Ramasamy Naicker Jayaraman
Designation :	Whole Time Director
Address :	2, Vadugarkottai Street, Aruppukottai, Virudhunagar District, Tamilnadu, India
Date of Birth/Age :	10.01.1939
Date of Appointment :	22.01.1965
PAN No.:	ADDPN8454A
DIN No.:	00053927

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	U17111TN1951PLC002746	SHRI RAMALINGA MILLS LIMITED	Whole-time director	01/04/2008	22/01/1965	-	Active	NO
2	U27104TN1961PTC004402	KOVILPATTI STEEL ROLLING INDUSTRIES PRIVATE LIMITED	Director	07/05/1979	07/05/1979	-	Active	NO
3	U65191TN1980PTC008152	ARUPPUKOTTAI SRI JAYAVILAS FINANCE PRIVATE LIMITED	Director	01/03/1980	01/03/1980	-	Active	NO
4	U51102TN1981PLC008702	SRI JAYAJOTHI AND COMPANY LIMITED	Director	07/04/1981	07/04/1981	-	Active	NO
5	U27104TN1982PTC009175	SREE JAYA VILAS MALLEABLE CASTINGS PRIVATE LIMITED	Director	18/01/1982	18/01/1982	-	Active	NO
6	U15314TN1982PTC009307	SHRI RAMALINGA FLOUR MILLS PRIVATE LIMITED	Director	30/03/1982	30/03/1982	-	Active	NO
7	U27200TN1984PTC011013	ARUPPUKOTTAI SRI JAYAVILAS INVESTMENTS PRIVATE LIMITED	Director	12/07/1984	12/07/1984	-	Active	NO
8	U24294TN1985PTC011584	SRI JAYASAKTHI POLYMERS PRIVATE LIMITED	Director	21/02/1985	21/02/1985	-	Active	NO
9	U27320TN1988PTC015559	SREE JAYA STEELS AND ALLIED INDUSTRIES PRIVATE LIMITED	Director	07/04/1988	07/04/1988	-	Active	NO
10	U65191TN1989PTC016706	ARUPPUKOTTAI SWARNALAKSHMI FINANCE PRIVATE LIMITED	Director	05/01/1989	05/01/1989	-	Active	NO
11	L17111TN1989PLC018267	TAMILNADU JAI BHARATH MILL LIMITED	Director	02/11/1989	02/11/1989	-	Active	NO
12	U17111TN1989PTC017318	JAI JAGADHAMBIGA TEXTILE MILLS PRIVATE LIMITED	Director	16/07/1990	16/07/1990	-	Active	NO
13	U65991TN1990PTC019522	SHRI RAMALINGA LEASING COMPANY PRIVATE LIMITED	Director	16/08/1990	16/08/1990	-	Active	NO
14	U45201TN1990PLC019812	SHRI RAMALINGA BUILDERS LIMITED	Director	24/10/1990	24/10/1990	-	Active	NO
15	U51909TN1991PLC020287	RAMALINGA EXPORTS LIMITED	Director	11/02/1991	11/02/1991	-	Active	NO
16	U17115TZ1991PLC003354	ANNUR SATYA TEXTILE LIMITED	Director	15/07/1991	15/07/1991	-	Active	NO
17	U35111TN1983PTC010041	JESUDASONS PRIVATE LIMITED	Director	27/11/1991	27/11/1991	-	Active	NO
18	U17111TN1992PTC022526	SHRI JAYAVARTHAN SPINNING MILL PRIVATE LIMITED	Director	22/04/1992	22/04/1992	-	Active	NO
19	U85110KA1995PLC017493	PREM SUGARS AND CHEMICALS CORPORATION LIMITED	Director	23/07/1996	23/07/1996	-	Active	NO
20	U17111TN1987PTC014569	ARUPPUKOTTAI SHRI VIJAYALAKSHMI TEXTILE MILLS PRIVATE LIMITED	Director	23/04/1997	23/04/1997	06/05/2009	Active	NO
21	U17111TN1989PTC018061	SREE JEYA SOUNDHARAM TEXTILE MILLS PRIVATE LIMITED	Director	09/06/1997	09/06/1997	-	Active	NO
22	U17111TN1999PTC042793	ARUPPUKOTTAI SHRI RAMALINGA SPINNERS PRIVATE LIMITED	Director	08/07/1999	08/07/1999	-	Active	NO
23	U65191TN1999PTC042795	SHRI RAMALINGA FINANCE PRIVATE LIMITED	Director	08/07/1999	08/07/1999	-	Active	NO
24	U60210TN1960PTC004043	NELLAI AUTOMOBILES PRIVATE LIMITED	Director	09/08/2000	09/08/2000	-	Active	NO
25	U24117TN1990PTC019413	ARUPPUKOTTAI MARI CHEMICALS PRIVATE LIMITED.	Director	14/03/2001	14/03/2001	-	Active	NO
26	U17111TN2001PTC047049	SHRI GANESHRAM TEXTILES PRIVATE LIMITED	Director	30/04/2001	30/04/2001	-	Active	NO
27	U67120TN1987PLC015141	KELLYS BENEFIT FUND LTD	Director	24/06/2002	24/06/2002	31/05/2012	Active	NO
28	U17111TN2004PTC053768	SRI AMRITHESHWARI SPINNING MILLS PRIVATE LIMITED	Director	19/07/2004	19/07/2004	-	Active	NO
29	U17111TN2005PTC058142	SRI RAMA DHOOTH MILLS PRIVATE LIMITED	Director	30/11/2005	30/11/2005	-	Active	NO
30	U60210TN1960PTC004114	MUHAVAI AUTO MOBILES PRIVATE LIMITED	Director	28/03/2006	28/03/2006	-	Active	NO
31	U27310TN1995PTC032740	HARIHAR ALLOYS PRIVATE LIMITED	Director	19/06/2009	19/06/2009	03/02/2010	Active	NO

Name :	Mr. Thathi Naicker Ramasamy Varadarajan
Designation :	Director
Address :	1, Vadugarkottai Street, Aruppukottai, Virudhunagar District, Tamilnadu, India
Date of Birth/Age :	10.06.1940
Date of Appointment :	17.06.1965
PAN No.:	AAGPV2535B
DIN No.:	00077433

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	U17111TN1951PLC002746	SHRI RAMALINGA MILLS LIMITED	Director	17/06/1965	17/06/1965	-	Active	NO
2	U60210TN1979PTC007793	SRI VAIGAI TRANSPORTS PRIVATE LIMITED	Director	12/04/1979	12/04/1979	-	Active	NO
3	U27104TN1961PTC004402	KOVILPATTI STEEL ROLLING INDUSTRIES PRIVATE LIMITED	Director	07/05/1979	07/05/1979	-	Active	NO
4	U65191TN1980PTC008152	ARUPPUKOTTAI SRI JAYAVILAS FINANCE PRIVATE LIMITED	Director	01/03/1980	01/03/1980	-	Active	NO
5	U51102TN1981PLC008702	SRI JAYAJOTHI AND COMPANY LIMITED	Director	07/04/1981	07/04/1981	07/09/2011	Active	NO
6	U27104TN1982PTC009175	SREE JAYA VILAS MALLEABLE CASTINGS PRIVATE LIMITED	Director	18/01/1982	18/01/1982	-	Active	NO
7	U27200TN1984PTC011013	ARUPPUKOTTAI SRI JAYAVILAS INVESTMENTS PRIVATE LIMITED	Director	12/07/1984	12/07/1984	-	Active	NO
8	U24294TN1985PTC011584	SRI JAYASAKTHI POLYMERS PRIVATE LIMITED	Managing director	21/02/1985	21/02/1985	-	Active	NO
9	U65991TN1986PLC012678	SRI JAYAVILAS FINANCE COMPANY LIMITED	Director	14/02/1986	14/02/1986	-	Active	NO
10	L17111TN1989PLC018267	TAMILNADU JAI BHARATH MILL LIMITED	Director	02/11/1989	02/11/1989	04/10/2012	Active	NO
11	U17111TN1989PTC017318	JAI JAGADHAMBIGA TEXTILE MILLS PRIVATE LIMITED	Director	16/07/1990	16/07/1990	24/03/2011	Active	NO
12	U35111TN1983PTC010041	JESUDASONS PRIVATE LIMITED	Director	27/11/1991	27/11/1991	-	Active	NO
13	U17111TN1992PTC022526	SHRI JAYAVARTHAN SPINNING MILL PRIVATE LIMITED	Director	22/04/1992	22/04/1992	-	Active	NO
14	U17111TN1992PTC022984	SRI SATHU SPINNING MILLS PRIVATE LIMITED	Director	01/07/1992	01/07/1992	-	Active	NO
15	U17112TN1980PLC008155	SHRI GOVINDARAJA MILLS LIMITED	Director	30/03/1995	30/03/1995	-	Active	NO
16	U17111TN1995PTC033832	SRI RAMALINGA TEXTILES PRIVATE LIMITED	Director	12/12/1995	12/12/1995	-	Active	NO
17	U60210TN1995PTC033833	ARUPPUYKOTTAI SRIJAYAVILAS TRANSPORT PRIVATE LIMITED	Managing director	12/12/1995	12/12/1995	-	Active	NO
18	U01119TN1996PTC036343	SRI SATHU AGRO FARMS PRIVATE LIMITED	Director	19/08/1996	19/08/1996	-	Active	NO
19	U45401TN1996PTC036342	ARUPPUKOTTAI BRICKS WORKS AND BUILDING CONSTRUCTION PRIVATE LIMITED	Director	19/08/1996	19/08/1996	-	Active	NO
20	U17111TN1997PTC037769	JAYADEVI MILLS PRIVATE LIMITED	Director	20/03/1997	20/03/1997	-	Active	NO
21	U17111TN1999PTC042314	SHRI GOVINDARAJA TEXTILES PRIVATE LIMITED	Director	01/11/2006	21/04/1999	-	Active	NO
22	U28112TN2011PTC083672	SRI JAYAVILAS GREEN POWER PRIVATE LIMITED	Additional director	02/05/2012	02/05/2012	-	Active	NO

Name :	Ms. Kannan Ramasamy Naicker
Designation :	Director
Address :	36, Vadugarkottai Street, Aruppukottai, Virudhunagar District, Tamilnadu, India
Date of Birth/Age :	09.08.1956
Date of Appointment :	25.08.1978
PAN No.:	AFJPK7422G
DIN No.:	00356817

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	U17111TN1951PLC002746	SHRI RAMALINGA MILLS LIMITED	Director	25/08/1978	25/08/1978	-	Active	NO
2	U60201TN1979PTC007795	SRI VENKATACHALAPATHY TRANSPORTS PRIVATE LIMITED	Director	04/11/2011	16/04/1979	28/03/2012	Active	NO
3	U27104TN1961PTC004402	KOVILPATTI STEEL ROLLING INDUSTRIES PRIVATE LIMITED	Director	07/05/1979	07/05/1979	-	Active	NO
4	U65191TN1980PTC008152	ARUPPUKOTTAI SRI JAYAVILAS FINANCE PRIVATE LIMITED	Director	01/03/1980	01/03/1980	-	Active	NO
5	U51102TN1981PLC008702	SRI JAYAJOTHI AND COMPANY LIMITED	Whole-time director	25/06/2011	07/04/1981	-	Active	NO
6	U27104TN1982PTC009175	SREE JAYA VILAS MALLEABLE CASTINGS PRIVATE LIMITED	Director	18/01/1982	18/01/1982	-	Active	NO
7	U27200TN1984PTC011013	ARUPPUKOTTAI SRI JAYAVILAS INVESTMENTS PRIVATE LIMITED	Director	12/07/1984	12/07/1984	-	Active	NO
8	U24294TN1985PTC011584	SRI JAYASAKTHI POLYMERS PRIVATE LIMITED	Director	21/02/1985	21/02/1985	-	Active	NO
9	U27320TN1988PTC015559	SREE JAYA STEELS AND ALLIED INDUSTRIES PRIVATE LIMITED	Director	07/04/1988	07/04/1988	-	Active	NO
10	U17111TN1989PTC017318	JAI JAGADHAMBIGA TEXTILE MILLS PRIVATE LIMITED	Director	16/07/1990	16/07/1990	24/03/2011	Active	NO
11	U35111TN1983PTC010041	JESUDASONS PRIVATE LIMITED	Director	27/11/1991	27/11/1991	-	Active	NO
12	U17111TN1992PTC022526	SHRI JAYAVARTHAN SPINNING MILL PRIVATE LIMITED	Director	22/04/1992	22/04/1992	20/04/2010	Active	NO
13	U17111TN1992PTC022984	SRI SATHU SPINNING MILLS PRIVATE LIMITED	Director	01/07/1992	01/07/1992	20/04/2010	Active	NO
14	U65191TN1994PLC028374	SHRI JAYAJOTHI FINANCE LIMITED	Director	22/08/1994	22/08/1994	-	Active	NO
15	U17111TN1995PTC032148	JAYALAKSHMI TEXTILES PRIVATE LIMITED	Director	06/07/1995	06/07/1995	-	Active	NO
16	U21012KL1995PLC009698	GREENLAND PAPER MILLS LIMITED	Director	24/11/1995	24/11/1995	-	Active	NO
17	U17111TN1996PTC034526	SRI JAYA JOTHI TEXTILE MILLS PRIVATE LIMITED	Director	15/02/1996	15/02/1996	24/03/2011	Active	NO
18	U17111TZ2002PTC010375	TELA FABRICS INDIA PRIVATE LIMITED	Director	25/11/2002	25/11/2002	-	Active	NO
19	U40101TN2002PTC049988	SRI JAYAJOTHI POWER MANAGEMENT COMPANY PRIVATE LIMITED	Director	05/12/2002	05/12/2002	-	Active	NO
20	U21011TN2002PLC050022	BLUEMOUNT PAPER AND BOARDS LIMITED	Director	12/12/2002	12/12/2002	10/12/2009	Active	NO
21	U45202TN2004PTC054790	JAYANTHA FOUNDATIONS PRIVATE LIMITED	Whole-time director	01/12/2004	01/12/2004	-	Active	NO
22	U52599TN1992PTC022306	PAARAGAN PAPER PRIVATE LIMITED	Managing director	20/01/2005	20/01/2005	06/06/2011	Active	NO
23	U17112TN2005PTC055700	DIVYALAKSHMI TEXTILES PRIVATE LIMITED	Director	18/03/2005	18/03/2005	-	Active	NO
24	U29261TN2005PTC058043	ELECTRO JET MACHINERY PRIVATE LIMITED	Director	16/11/2005	16/11/2005	-	Active	NO
25	U02695TN2006PLC061729	SREE JAYAJOTHI CEMENTS LIMITED	Director	29/11/2012	12/12/2006	-	Active	NO
26	U26941TN2008PLC067877	SREE JOTHI CEMENTS LIMITED	Director	26/05/2008	26/05/2008	-	Active	NO
27	U55204TN2008PTC068553	SREE JAYAJOTHI INFRA DEVELOPERS PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Active	NO

Name :	Mr. T R Subbaraj Babu
Designation :	Director
Address :	12, P. T. Rajam Road, Madurai-625002, Tamilnadu, India
Date of Birth/Age :	28.07.1960
Date of Appointment :	01.07.1987
PAN No.:	ABZPB8226D
DIN No.:	00043074

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	U17111TN1951PLC002746	SHRI RAMALINGA MILLS LIMITED	Director	01/07/1987	01/07/1987	-	Active	NO
2	U65191TN1989PTC018291	SRI JAYAVILAS SUBBARAJ FINANCE PRIVATE LIMITED	Director	07/11/1989	07/11/1989	-	Strike off	NO
3	U17111TN1992PTC022984	SRI SATHU SPINNING MILLS PRIVATE LIMITED	Director	01/07/1992	01/07/1992	05/10/2011	Active	NO
4	U60221TN1951PLC000161	ARUPPUKOTTAI SRI JAYA VILAS LIMITED	Whole-time director	21/11/1994	21/11/1994	-	Active	NO
5	U67120TN1995PTC030408	SREE KOPPAMMAL COTTON SPINNING MILLS PRIVATE LIMITED	Managing director	01/07/2012	08/03/1995	-	Active	NO
6	U15499TN1995PTC033167	SRI JAYAVILAS FARMS PRIVATE LIMITED	Director	09/10/1995	09/10/1995	-	Active	NO
7	U15419TN1996PLC036817	ARUPPUKOTTAI SHRI RAMALINGA ROLLER FLOUR MILLS LIMITED	Director	31/10/1996	31/10/1996	24/02/2008	Active	NO
8	U65993TN1996PTC036818	SHRI RAMALINGA INVESTMENTS PRIVATE LIMITED	Director	31/10/1996	31/10/1996	-	Active	NO
9	U17111TN1998PTC040453	SRIJAYAVILAS SUBBARAJ SPINNING MILLS PRIVATE LIMITED	Director	06/05/1998	06/05/1998	-	Active	NO
10	U60221TN2000PTC045233	SRI JAYAVILAS MOTOR SERVICES PRIVATE LIMITED	Director	22/06/2000	22/06/2000	-	Active	NO

Name :	Ms. Dhinakaran Nirmala
Designation :	Whole Time Director
Address :	2, Vadugarkottai Street, Aruppukottai, Virudhunagar District, Tamilnadu, India
Date of Birth/Age :	04.02.1942
Date of Appointment :	22.03.1995
PAN No.:	ADDPN5056D
DIN No.:	00054257

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	U17112TN1980PLC008155	SHRI GOVINDARAJA MILLS LIMITED	Director	01/04/1987	01/04/1987	-	Active	NO
2	U65191TN1989PTC016706	ARUPPUKOTTAI SWARNALAKSHMI FINANCE PRIVATE LIMITED	Director	05/01/1989	05/01/1989	-	Active	NO
3	U51909TN1991PLC020287	RAMALINGA EXPORTS LIMITED	Director	11/02/1991	11/02/1991	-	Active	NO
4	U65191TN1980PTC008152	ARUPPUKOTTAI SRI JAYAVILAS FINANCE PRIVATE LIMITED	Director	22/03/1995	22/03/1995	-	Active	NO
5	U17111TN1951PLC002746	SHRI RAMALINGA MILLS LIMITED	Whole-time director	01/04/2008	22/03/1995	-	Active	NO
6	U65991TN1990PTC019522	SHRI RAMALINGA LEASING COMPANY PRIVATE LIMITED	Director	11/02/1996	11/02/1996	-	Active	NO
7	U45201TN1990PLC019812	SHRI RAMALINGA BUILDERS LIMITED	Director	09/12/1996	09/12/1996	-	Active	NO
8	U17111TN1989PTC018061	SREE JEYA SOUNDHARAM TEXTILE MILLS PRIVATE LIMITED	Director	09/06/1997	09/06/1997	-	Active	NO
9	U17111TN1999PTC042793	ARUPPUKOTTAI SHRI RAMALINGA SPINNERS PRIVATE LIMITED	Director	08/07/1999	08/07/1999	-	Active	NO
10	U65191TN1999PTC042795	SHRI RAMALINGA FINANCE PRIVATE LIMITED	Director	08/07/1999	08/07/1999	-	Active	NO
11	U24117TN1990PTC019413	ARUPPUKOTTAI MARI CHEMICALS PRIVATE LIMITED.	Director	14/03/2001	14/03/2001	-	Active	NO
12	U17111TN2001PTC047049	SHRI GANESHRAM TEXTILES PRIVATE LIMITED	Director	30/04/2001	30/04/2001	-	Active	NO
13	U15314TN1982PTC009307	SHRI RAMALINGA FLOUR MILLS PRIVATE LIMITED	Director	20/09/2001	20/09/2001	-	Active	NO
14	U17111TN2004PTC053768	SRI AMRITHESHWARI SPINNING MILLS PRIVATE LIMITED	Director	19/07/2004	19/07/2004	-	Active	NO
15	U17111TN2005PTC058142	SRI RAMA DHOOTH MILLS PRIVATE LIMITED	Director	30/11/2005	30/11/2005	-	Active	NO
16	U60210TN1960PTC004043	NELLAI AUTOMOBILES PRIVATE LIMITED	Director	27/03/2006	27/03/2006	-	Active	NO
17	U60210TN1960PTC004114	MUHAVAI AUTO MOBILES PRIVATE LIMITED	Director	28/03/2006	28/03/2006	-	Active	NO
18	U27200TN1984PTC011013	ARUPPUKOTTAI SRI JAYAVILAS INVESTMENTS PRIVATE LIMITED	Director	21/01/2007	21/01/2007	-	Active	NO
19	U27310TN1995PTC032740	HARIHAR ALLOYS PRIVATE LIMITED	Director	19/06/2009	19/06/2009	03/02/2010	Active	NO

Name :	Mr. Dinakaran Senthilkumar
Designation :	Whole Time Director
Address :	2, Vadugarkottai Street, Aruppukottai, Virudhunagar District, Tamilnadu, India
Date of Birth/Age :	16.01.1966
Date of Appointment :	22.03.1995
PAN No.:	AJGPS1009Q
DIN No.:	00006172

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	U60221TN1951PLC000161	ARUPPUKOTTAI SRI JAYA VILAS LIMITED	Director	05/07/1985	05/07/1985	01/03/2012	Active	NO
2	U51909TN1991PLC020287	RAMALINGA EXPORTS LIMITED	Director	11/02/1991	11/02/1991	-	Active	NO
3	U17111TN1992PTC022984	SRI SATHU SPINNING MILLS PRIVATE LIMITED	Director	01/07/1992	01/07/1992	-	Active	NO
4	U65191TN1980PTC008152	ARUPPUKOTTAI SRI JAYAVILAS FINANCE PRIVATE LIMITED	Director	22/03/1995	22/03/1995	-	Active	NO
5	U17111TN1951PLC002746	SHRI RAMALINGA MILLS LIMITED	Whole-time director	01/04/2008	22/03/1995	-	Active	NO
6	U65991TN1990PTC019522	SHRI RAMALINGA LEASING COMPANY PRIVATE LIMITED	Director	11/02/1996	11/02/1996	-	Active	NO
7	U31200TZ1983PLC001258	LAKSHMI ELECTRICAL DRIVES LIMITED	Director	15/03/1996	15/03/1996	-	Active	NO
8	U45201TN1990PLC019812	SHRI RAMALINGA BUILDERS LIMITED.	Director	09/12/1996	09/12/1996	-	Active	NO
9	L31200TZ1981PLC001124	LAKSHMI ELECTRICAL CONTROL SYSTEMS LIMITED	Director	22/03/1997	22/03/1997	-	Active	NO
10	U17111TN1989PTC018061	SREE JEYA SOUNDHARAM TEXTILE MILLS PRIVATE LIMITED	Director	09/06/1997	09/06/1997	-	Active	NO
11	U01111TZ2002PTC010306	RAMLAKSHMI AGRO FARMS PRIVATE LIMITED	Director	04/09/2002	04/09/2002	-	Active	NO
12	L17111TN1989PLC018267	TAMILNADU JAI BHARATH MILL LIMITED	Managing director	16/06/2011	06/09/2002	-	Active	NO
13	U27310TZ1992PLC003812	INTEGRATED ELECTRICAL CONTROLS INDIA LIMITED	Director	03/03/2004	03/03/2004	-	Active	NO
14	U17111TZ2003PLC010786	HARSHNI TEXTILES LIMITED	Nominee director	08/03/2004	08/03/2004	-	Active	NO
15	U01119TZ2006PTC012920	RAMLAKSHMI PLANTATIONS PRIVATE LIMITED	Director	12/07/2006	12/07/2006	-	Active	NO
16	U01119TZ2006PTC012919	RAMLAKSHMI AGRO PLANTATIONS PRIVATE LIMITED	Director	12/07/2006	12/07/2006	-	Active	NO
17	U70100TZ2007PTC013931	RAMLAKSHMI HOLDINGS PRIVATE LIMITED	Director	13/09/2007	13/09/2007	-	Active	NO
18	U17111TZ2011PLC016747	SUN SPINTEX INDIA LIMITED	Director	30/07/2012	10/02/2011	-	Active	NO
19	U15200TZ2012PLC018700	SUPREME DAIRY PRODUCTS INDIA LIMITED	Director	29/08/2012	29/08/2012	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 28.09.2012

Note: Shareholder details file attached.

AS ON 28.09.2012

Equity Shares Break Up	Percentage of Holding
Bodies corporate	9.85
Directors or relatives of Directors	80.07
Others	10.08
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Yarn

Products :

ITC CODE	PRODUCTS
5205	Cotton Yarn
5509	Staple Fiber Yarn

PRODUCTION STATUS (AS ON : 31.03.2011)

Particulars	Licensed Capacity	Installed Capacity
Spinning Mills “A” Unit
Spindles	157142	152064
Rotors	3200	2944

Particulars	Unit	Actual Production
Finished Goods Cotton yarn	Kgs.	1,26,69,198.27
Cotton Waste	Kgs.	21,01,847.00

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· IDBI Bank Limited, 115, Annasalai, Saidapet, Chennai-600015, Tamilnadu, India

· State Bank of India, Aruppukottai Branch, Madurai Road, Aruppukottai-626159, Tamilnadu, India

Facilities :

Secured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Rupee term loans secured
Rupee term loans banks secured	1240.188	730.979
Working capital loans secured
Working capital loans banks secured	1014.190	764.737
Loans taken for fixed assets secured
Loans taken for vehicles secured	6.126	0.890
Hire purchase installment payable secured	2.716	16.439
Other debt secured	653.366	350.000
TOTAL	2916.586	1863.045
Unsecured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Working capital loans unsecured
Working capital loans banks unsecured	0.000	50.000
Loans directors unsecured	34.586	31.603
Public deposits unsecured	558.674	514.393
Other debt unsecured	27.614	25.063
TOTAL	620.874	621.059

Banking Relations :	--
Financial Institution :	Sundaram Finance Limited, 21, Patullos Road, Chennai-600002, Tamilnadu, India
Auditors :
Name :	K.V.Raman Chartered Accountant
Address :	42, Sevalpatti South Street, Rajapalayam – 626117, Tamilnadu, India
PAN No.:	AASPR3952L
Holding Company :	Shri Ramalinga Mills Limited
Associates :	Tamilnadu Jai Bharath Mill Limited CIN No..:- L17111TN1989PLC018267
Subsidiaries :	Aruppukottai Shri Ramalinga Spinners (Private) Limited CIN No..:- U17111TN1999PTC042793

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.100/- each	Rs. 10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
40495	Equity Shares	Rs.100/- each	Rs. 4.050 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		4.050	4.050	4.050
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		1240.225	1175.272	1152.828
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		1244.275	1179.322	1156.878
LOAN FUNDS
1] Secured Loans		2916.586	1863.045	1598.914
2] Unsecured Loans		620.874	621.059	458.679
TOTAL BORROWING		3537.460	2484.104	2057.593
DEFERRED TAX LIABILITIES		23.005	0.000	0.000
TOTAL		4804.740	3663.426	3214.471
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1526.726	1114.947	979.542
Capital work-in-progress		0.000	0.000	13.804
INVESTMENT		45.297	44.252	37.826
DEFERREX TAX ASSETS		0.000	15.917	25.549
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1854.279	1411.878	1109.665
	Sundry Debtors	595.540	718.693	768.157
	Cash & Bank Balances	117.532	69.092	76.398
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	1226.235	824.601	734.897
Total Current Assets		3793.586	3024.264	2689.117
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	134.286	166.624	150.476
	Other Current Liabilities	226.613	197.893	232.041
	Provisions	199.970	171.437	148.850
Total Current Liabilities		560.869	535.954	531.367
Net Current Assets		3232.717	2488.310	2157.750
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		4804.740	3663.426	3214.471

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	3760.838	3009.679	2475.924
		Other Income	164.319	150.867	61.960
		TOTAL (A)	3925.157	3160.546	2537.884
Less	EXPENSES
		Consumption materials changes inventories	1925.724	1642.271	2198.023
		Manufacturing service costs	689.939	610.184
		Employee related expenses	366.427	259.071
		Administrative selling other expenses	147.724	132.302
		TOTAL (B)	3129.814	2643.828	2198.023
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		795.343	516.718	339.861
Less	FINANCIAL EXPENSES (D)		302.184	230.469	109.262
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		493.159	286.249	230.599
Less/ Add	DEPRECIATION/ AMORTISATION (F)		356.028	226.850	205.404
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		137.131	59.399	25.195
Less	TAX (H)		67.455	32.218	11.920
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		69.676	27.181	13.275
Less	APPROPRIATIONS
		Dividend	NA	NA	4.050
	BALANCE CARRIED TO THE B/S		NA	NA	9.225
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	345.437	153.505	44.239
	TOTAL EARNINGS		345.437	153.505	44.239
	IMPORTS
		Raw Materials	0.000	120.046	41.565
		Stores & Spares	0.080	0.667	1.587
		Capital Goods	1.752	0.928	0.000
	TOTAL IMPORTS		1.832	121.641	43.152
	Earnings Per Share (Rs.)		2665.16	892.04	--

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	1.78	0.86	0.52
Net Profit Margin (PBT/Sales)	(%)	3.65	1.97	1.02
Return on Total Assets (PBT/Total Assets}	(%)	2.58	1.43	0.68
Return on Investment (ROI) (PBT/Networth)		0.11	0.05	0.02
Debt Equity Ratio (Total Liability/Networth)		3.31	2.56	2.24
Current Ratio (Current Asset/Current Liability)		6.76	5.64	5.06

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

REVIEW OF OPERATION

During the year, the performance of all the units of the company was satisfactory. In the current year the position is still better and the directors are hopeful of presenting better results.

FORM 8

Corporate identity number of the company	U17111TN1951PLC002746
Name of the company	SHRI RAMALINGA MILLS LIMITED
Address of the registered office or of the principal place of business in India of the company	212, Ramasamy Nagar, Aruppukottai, Aruppukottai-626129, Tamilnadu, India
This form is for	Creation of charge
Type of charge	· Book debts · Movable property (not being pledge)
Particular of charge holder	IDBI Bank Limited, 115, Annasalai, Saidapet, Chennai-600015, Tamilnadu, India
Nature of instrument creating charge	Deed of Hypothecation executed by the company on 23.05.2012 in favour of IDBI Bank Limited
Date of instrument Creating the charge	23.05.2012
Amount secured by the charge	Rs. 250.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest As per Deed of Hypothecation executed on 23.05.2012 - As per sanction letter dated 27.03.2012 Terms of repayment As per Deed of Hypothecation executed on 23.05.2012 Margin As per Deed of Hypothecation executed on 23.05.2012 Extent and operation of the charge Hypothecation of the Borrower's entire stocks of raw materials, semi-finished and finished goods, consumable stores and spares and such other movables including book-debits, bills whether documentary or clean, outstanding monies receivables, both present and future.
Short particulars of the property charged (Including location of the property)	Borrower's entire stocks of raw materials, semi-finished and finished goods, consumable stores and spares and spares and such other movables including book-debits, bills whether documentary or clean, outstanding monies, receivables, both present and future as described in the hypothecation agreement dated 23.05.2012

FIXED ASSETS

· Land

· Building

· Machinery

· Electrical Fittings

· Office Machinery

· Communication Equipments

· Cars and Vans

· Bus

· Lour

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. 54.97
UK Pound	1	Rs. 88.10
Euro	1	Rs. 71.66

INFORMATION DETAILS

Report Prepared by :

DPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		27

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.