MIRA INFORM REPORT

Report Date :

08.07.2013

IDENTIFICATION DETAILS

Name :	PACIFIC INDUSTRIES LIMITED
Registered Office :	Survey NO.13, N.H.48, Kempalinganhalli, Nelamangala Taluka, Bangalore – 562123, Karnataka
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	13.07.1989
Com. Reg. No.:	17-062041
Capital Investment / Paid-up Capital :	Rs. 13.515 Millions
CIN No.: [Company Identification No.]	L14101RJ1989PLC062041
TAN No.: [Tax Deduction & Collection Account No.]	JDHP01647C
PAN No.: [Permanent Account No.]	AAACP7645R
Legal Form :	A Public Limited Liability company. The company’s Share are Listed on the Stock Exchange.
Line of Business :	Manufacturer and Exporter of Marble Slabs, Granite Polishing Machine, etc.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (48)

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

Maximum Credit Limit :	USD 1660000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having a satisfactory track record. The overall financial strength is good. Profit has improved during 2012. There appears slight dip in the turnover of the company during 2012. However, trade relations are reported to be fair. Business is active. Payments are reported to be usually correct and as per commitments. The company 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

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 :	Survey NO.13, N.H.48, Kempalinganhalli, Nelamangala Taluka, Bangalore – 562123, Karnataka, India
Tel. No.:	91-80-27723004
Fax No.:	91-80-27723005
E-Mail :	arvindfca@yahoo.com pilsouth@pacificgranites.com pacundltd@gmail.com pacificindi@123india.com vijaylaxmi2277@gmail.com
Web site:	www.pacificgranites.com
Corporate Office/Factory 1:	Village- Bedla, Udaipur – 313 004, Rajasthan, India
E-Mail :	pacificind@rediffmail.com
Website :	www.pacificindustriesltd.com
Corporate Office 2:	Village- Bedla, P.O. Box No.119, Udaipur -313001, India
Tel. No.:	91-294-2440196/2440388/2440933/2400934
Fax No.:	91-294-2440780
E-Mail :	pilnorth@pacificgranites.com
Factory 2 :	Village : Survey No. 13, Kemplingahalli Nelamangala Taluk (Rural) Bangalore-562123 (Karnataka), India
Tel. No.:	91-80-7723004

DIRECTORS

As on 30.09.2011

Name :

Mr. Jagdishprasad M. Agrawal

Designation :

Managing Director

Address :

19-C, Old Fatehpur – 313001, Rajasthan, India

Date of Birth/Age :

55 Years

Qualification:

C.A (Inter)

Experience:

23 Years

Date of Appointment:

13.07.1989

DIN No.:

00386418

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	U70101RJ1988PTC004712	RAHUL AVAS YOJNA PRIVATE LIMITED	Director	06/12/1988	06/12/1988	-	Active	NO
2	L14101KA1989PLC062041	PACIFIC INDUSTRIES LIMITED	Managing director	13/07/1989	13/07/1989	-	Active	NO
3	U65910MH1993PLC220160	PACIFIC LEASING AND RESEARCH LIMITED	Director	27/01/1995	27/01/1995	-	Active	NO
4	U27101MH2011PLC217392	PACIFIC IRON MANUFACTURING LIMITED	Director	12/05/2011	12/05/2011	-	Active	NO
5	U70109RJ2008PTC025840	GEETANJALI INFOSYSTEMS PRIVATE LIMITED	Director	24/04/2012	24/04/2012	-	Active	NO

Name :

Mr. Kapil Agarwal

Designation :

Whole Time Director/ Independent/ Non – Executive

Address :

19-C, Old Fatehpur – 313001, Rajasthan, India

Date of Birth/Age :

28 Years

Qualification:

M.B.A

Experience:

7 Years

Date of Appointment:

23.08.2005

PAN No.:

AERPA5486M

DIN No.:

00386298

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	U65922RJ1995PTC011098	LAKECITY HOUSING DEVELOPMENT AND FINANCE PRIVATE LIMITED	Director	14/08/2002	14/08/2002	-	Active	NO
2	U65910MH1993PLC220160	PACIFIC LEASING AND RESEARCH LIMITED	Director	30/09/2002	30/09/2002	-	Active	NO
3	L14101KA1989PLC062041	PACIFIC INDUSTRIES LIMITED	Director	23/07/2005	23/07/2005	-	Active	NO
4	U14101RJ1995PTC011076	OJASWI MARBLES AND GRANITES PRIVATE LIMITED	Director	23/08/2005	23/08/2005	-	Active	NO
5	U70109RJ2008PTC025840	GEETANJALI INFOSYSTEMS PRIVATE LIMITED	Director	07/02/2008	07/02/2008	24/12/2009	Active	NO
6	U72200RJ2008PTC026847	TRINITY INFOPARK PRIVATE LIMITED	Director	24/06/2008	24/06/2008	-	Active	NO
7	U55101RJ2008PTC027141	PARAGON HERITAGE HOTELS AND RESORTS PRIVATE LIMITED	Director	07/08/2008	07/08/2008	-	Active	NO
8	U45201RJ2010PTC033352	PEARL REALHOME DEVELOPERS PRIVATE LIMITED	Director	19/11/2010	19/11/2010	-	Active	NO
9	U70101RJ2010PTC033428	PARIDHI BUILDCON PRIVATE LIMITED	Director	30/11/2010	30/11/2010	-	Active	NO
10	U27101MH2011PLC217392	PACIFIC IRON MANUFACTURING LIMITED	Director	12/05/2011	12/05/2011	-	Active	NO
11	U67120KA2011PTC058643	GEETANJALI INVESTECH HOLDINGS INDIA PRIVATE LIMITED	Director	13/05/2011	13/05/2011	-	Active	NO
12	U45201RJ2010PTC031940	SHIVKARUNKRIPA ENTERPRISES PRIVATE LIMITED	Director	30/09/2011	02/06/2011	-	Active	NO
13	U70101RJ2012PTC038305	SURYA BUILDSQUARE PRIVATE LIMITED	Director	21/03/2012	21/03/2012	-	Active	NO
14	U70101RJ2012PTC038304	RAVI BUILDMART PRIVATE LIMITED	Director	21/03/2012	21/03/2012	-	Active	NO
15	U70101RJ2012PTC038303	BHASKAR BUILDMART PRIVATE LIMITED	Director	21/03/2012	21/03/2012	-	Active	NO
16	U45201RJ2012PTC037682	GALAXY REALVENTURE PRIVATE LIMITED	Director	01/06/2012	01/06/2012	-	Active	NO
17	U70101RJ2013PTC041926	REYANSH INFRASTRUCTURE PRIVATE LIMITED	Director	25/03/2013	25/03/2013	-	Active	NO
18	U45201RJ1999PTC016014	STEADFAST BUILDERS PRIVATE LIMITED	Director	26/04/2013	26/04/2013	-	Active	NO

Name :

Mr. Amit Jagdish Agarwal

Designation :

Director

Address :

19-C, Old Fatehpur – 313001, Rajasthan, India

Date of Birth/Age :

24.09.1979

Date of Appointment :

29.08.2002

DIN No.:

00386418

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	U14101RJ1989PTC004995	RAHUL MARBLES PRIVATE LIMITED	Director	15/01/2001	15/01/2001	-	Active	NO
2	U14101RJ1995PTC011076	OJASWI MARBLES AND GRANITES PRIVATE LIMITED	Director	19/01/2001	19/01/2001	-	Active	NO
3	L14101KA1989PLC062041	PACIFIC INDUSTRIES LIMITED	Director	29/08/2002	29/08/2002	-	Active	NO
4	U72200RJ2008PTC026847	TRINITY INFOPARK PRIVATE LIMITED	Director	24/06/2008	24/06/2008	-	Active	NO
5	U55101RJ2008PTC027141	PARAGON HERITAGE HOTELS AND RESORTS PRIVATE LIMITED	Director	07/08/2008	07/08/2008	-	Active	NO
6	U45201RJ2010PTC033352	PEARL REALHOME DEVELOPERS PRIVATE LIMITED	Director	19/11/2010	19/11/2010	-	Active	NO
7	U70101RJ2010PTC033428	PARIDHI BUILDCON PRIVATE LIMITED	Director	30/11/2010	30/11/2010	-	Active	NO

Name :

Mr. Jayanti Hiralal Oza

Designation :

Director

Address :

Rajasthan, India

Date of Birth/Age :

25.05.1943

Date of Appointment :

25.08.1991

DIN No.:

00923740

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	U24100MH1974PTC017805	GOMATI CHEMICALS PRIVATE LIMITED	Director	30/09/1974	30/09/1974	27/12/2012	Active	NO
2	U31102MH1985PTC035154	PRECISION TRANSFORMERS PRIVATE LIMITED	Director	24/01/1985	24/01/1985	-	Dormant	NO
3	U31200MH1989PTC053751	DIAMOND BIO - LIFE PRIVATE LIMITED	Director	04/10/1989	04/10/1989	-	Dormant	NO
4	L14101KA1989PLC062041	PACIFIC INDUSTRIES LIMITED	Director	25/08/1991	25/08/1991	-	Active	NO

Name :

Mr. Sagarmal Mangilal Agarwal

Designation :

Director

Address :

Thane, Maharashtra, India

Date of Birth/Age :

01.03.1941

Date of Appointment :

13.07.1989

DIN No.:

01560532

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	L14101KA1989PLC062041	PACIFIC INDUSTRIES LIMITED	Director	13/07/1989	13/07/1989	-	Active	NO
2	U65910MH1997PTC106727	SAMS FINVEST PRIVATE LIMITED	Managing director	20/03/1997	20/03/1997	-	Active	NO
3	U28992TN1999PTC042021	PACKINGS AND JOINTINGS GASKETS PRIVATE LIMITED	Director	11/01/2002	11/01/2002	-	Active	NO
4	U99999MH1994NPL082995	CHIKHLOLI MORIVLI EFFLUENT TREATMENT	Director	26/09/2002	26/09/2002	-	Active	NO
5	U67110MH2012PTC238622	VITTA FINVEST PRIVATE LIMITED	Director	08/12/2012	08/12/2012	-	Active	NO

Name :

Mr. Mangi Lal Dangi

Designation :

Director

Address :

Mangtala, Malvi, Udaipur – 313203, Rajasthan, India

Date of Birth/Age :

28.07.1978

Date of Appointment :

10.05.2007

DIN No.:

01988948

Name :

Mr. Sumit Agarwal

Designation :

Director

Address :

19-C, Old Fatehpur – 313001, Rajasthan, India

Date of Birth/Age :

02.03.1975

Date of Appointment :

29.08.2002

DIN No.:

02484015

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	L14101KA1989PLC062041	PACIFIC INDUSTRIES LIMITED	Director	29/08/2002	29/08/2002	-	Active	NO
2	U45201RJ2010PTC033351	ANKIT BUILDMART PRIVATE LIMITED	Director	19/11/2010	19/11/2010	-	Active	NO
3	U70101RJ2010PTC033430	ANKIT BUILDESTATE PRIVATE LIMITED	Director	30/11/2010	30/11/2010	-	Active	NO

Name :

Mr. Devendra Maliwal

Designation :

Director

Address :

6, Hiran Nagar, Sector No. 3, Opposite Nehru Hotel, Udaipur – 313001, Rajasthan, India

Date of Birth/Age :

12.01.1970

Date of Appointment :

12.01.2005

DIN No.:

02495147

KEY EXECUTIVES

Audit Committee :	· Mr. S. M. Agarwal · Mr. Jayanti Ojha · Mr. Sumit Agarwal
Remuneration Committee	· Mr. S. M. Agarwal · Mr. Jayanti Ojha · Mr. Sumit Agarwal
Shareholders Grievance Committee	· Mr. S. M. Agarwal · Mr. Jayanti Ojha · Mr. Sumit Agarwal

SHAREHOLDING PATTERN

As on 31.03.2013

Names of Shareholders	No. of Shares	Percentage of Holding
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	479030	35.44
Bodies Corporate	74610	5.52
Sub Total	553640	40.96
Total shareholding of Promoter and Promoter Group (A)	553640	40.96
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	6380	0.47
Financial Institutions / Banks	60	0.00
Insurance Companies	10	0.00
Foreign Institutional Investors	10	0.00
Sub Total	6460	0.48
(2) Non-Institutions
Bodies Corporate	93663	6.93
Individuals
Individual shareholders holding nominal share capital up to Rs 0.100 million	561651	41.56
Individual shareholders holding nominal share capital in excess of Rs.0.100 million	122213	9.04
Any Others (Specify)	13873	1.03
Non Resident Indians	12268	0.91
Clearing Members	1605	0.12
Sub Total	791400	58.56
Total Public shareholding (B)	797860	59.04
Total (A)+(B)	1351500	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	0	0.00
Total (A)+(B)+(C)	1351500	0.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of Marble Slabs, Granite Polishing Machine, etc.

Product:

Item Code No. (ITC Code)	68022301
Product Description	Polished Granite Slabs/ Tiles

PRODUCTION STATUS (As on 31.03.2011)

Particulars	Unit	Licensed Capacity
Polished Granite Slabs /Tiles	SQM	420000
Marble Slabs / Tiles	SQM	100000

Particulars	Unit	Installed Capacity
Granite Slabs	SQM	360000
Tiles	SQM	180000
Marble Slabs	SQM	100000

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

• HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India
• Fedral Bank Limited
• ICICI Bank, Udaipur
• Indian Bank
• State bank of India, Bangalore
• Bank of Baroda, Udaipur

Facilities :

Secured Loans	31.03.2012 Rs. In Millions	31.03.2011 Rs. In Millions
Long Term Borrowings
Secured Vehicle Loan from Banks
ICICI Bank	5.812	0.000
HDFC Bank	0.035	2.421
Total	5.847	2.421

Note:

(a) Loans from ICICI bank for Vehicles carry interest @ 9.99% To 10.07%. The loans are repayable in 36 Monthly installments.

(b) Loans from HDFC Bank for Vehicles carry interest @ 8.00% To 09.14%. The loans are repayable in 36 monthly installments. All the above Loans are secured by way of Hypothecation of respective assets.

Banking Relations :	--
Auditors :
Name :	A Bafna and company Chartered Accountants
Address :	K-2, Raj Apartment, Keshav Path, C-Scheme, Jaipur - 302 001, Rajastan
PAN No.:	AAGFA3909A
Entities in which key management personnel and their relatives are interested :	Rameshwar Agencies Ruchita Exports Kapil Exports Geetanjali Marble Dhawal Marbles and Granites Private Limited, India Ojaswi Marbles and Granites Private Limited, India Rahul Marbles Private Limited, India Amit Granites Pearl Exports Pacific Leasing and Research Limited, India Pacific Education Society Shruti Synthetics Limited, India J P Marble Pacific Education Society Ankit Buildmart Private Limited, India Geetanjali Infosystem Private Limited, India Geetanjali Institute of Technical Studies Geetanjali Investech Holdings Private Limited Geetanjali University Trust Krishna Marble Lakecity Housing Development Private Limited, India Pacific Export Pearl Real Home Developer Private Limited, India Rahul Awas Yojna Private Limited, India Rajat Housing Devloper Private Limited, India Yesh processors Private Limited, India

CAPITAL STRUCTURE

As on 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
25000000	Equity Shares	Rs. 10/- Each	Rs. 250.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1351500	Equity Shares	Rs. 10/- Each	Rs. 13.515 Millions

1. Reconciliation of the Shares Outstanding at the Beginning and at the end of the reporting period.

Equity Shares	As on 31.03.2012	As on 31.03.2011
At the beginning of the Period	1351500	1351500
Add:- Issued during the Period	--	--
Outstanding at the end of the period	1351500	1351500

2. The Company has only one Class of Equity Shares having a par value of 10 per shares. Each holder of equity shares is entitled to one vote per share.

3. Shares held by each shareholders holding more than 5% shares as on 31.03.2012

Name of the shareholder	No. of Shares	% of Shareholding
Geeta Devi Agarwal	189421	14.02%
Kapil Agarwal	134635	9.96%
Lalita Devi Modi	73884	5.47%

FINANCIAL DATA

[all figures are in Rupees Millions]

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	13.515	13.515
(b) Reserves & Surplus	400.864	355.882
(c) Money received against share warrants	0.000	0.000
		0
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	414.379	369.397
(3) Non-Current Liabilities
(a) long-term borrowings	137.756	82.616
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	11.443	8.144
Total Non-current Liabilities (3)	149.199	90.760
(4) Current Liabilities
(a) Short term borrowings	0.000	9.244
(b) Trade payables	149.447	127.828
(c) Other current liabilities	132.645	133.686
(d) Short-term provisions	15.151	12.128
Total Current Liabilities (4)	297.243	282.886
TOTAL	860.821	743.043
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	166.606	178.911
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.450	0.450
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	7.589	7.306
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	174.645	186.667
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	303.173	259.963
(c) Trade receivables	172.598	165.728
(d) Cash and cash equivalents	17.868	13.119
(e) Short-term loans and advances	191.895	117.104
(f) Other current assets	0.642	0.462
Total Current Assets	686.176	556.376
TOTAL	860.821	743.043

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		13.515
2] Share Application Money		0.000
3] Reserves & Surplus		320.252
4] (Accumulated Losses)		0.000
NETWORTH		333.767
LOAN FUNDS
1] Secured Loans		14.482
2] Unsecured Loans		61.181
TOTAL BORROWING		75.663
DEFERRED TAX LIABILITIES		0.000
TOTAL		409.430
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		180.202
Capital work-in-progress		0.165
INVESTMENT		0.450
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	246.937
	Receivable	165.542
	Cash & Bank Balances	5.702
	Other Current Assets	0.000
	Loans & Advances	133.532
Total Current Assets		551.713
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	156.508
	Other Current Liabilities	149.807
	Provisions	16.785
Total Current Liabilities		323.100
Net Current Assets		228.613
MISCELLANEOUS EXPENSES		0.000
TOTAL		409.430

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	585.340	608.823	672.649
		Other Income	28.460	1.101	5.498
		TOTAL	613.800	609.924	678.147
Less	EXPENSES
		Cost of Material Consumed	182.521	210.662
		Purchased of stock-in-trade	29.207	24.686
		Changes in inventories of finished goods, work-in-progress, stock-in-trade	17.480	-8.315
		Employee Benefit Expenses	47.912	39.517
		Other Expenses	250.914	259.305
		TOTAL	528.034	525.855	539.951
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		85.766	84.069	139.196
Less	FINANCIAL EXPENSES		2.528	4.332	3.040
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		83.238	79.737	135.156
Less/ Add	DEPRECIATION/ AMORTISATION		26.803	34.129	36.395
	PROFIT BEFORE TAX		56.435	45.608	98.761
Less	TAX		11.453	9.978	16.785
Less	Prior Period Expense		0.000	0.000	2.155
	PROFIT AFTER TAX		44.982	35.630	79.821
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		355.882	320.252	241.021
Add	Prior Period Adjustment		0.000	0.000	(0.590)
	BALANCE CARRIED TO THE B/S		400.864	355.882	320.252
	EARNINGS IN FOREIGN CURRENCY (FOB Value of Exports)		554.082	569.445	637.669
	IMPORTS
		Raw Materials	9.588	3.945	17.247
		Stores, Spares and Consumables	76.636	75.782	87.737
		Capital Goods	0.000	0.000	0.000
	TOTAL IMPORTS		86.224	79.727	104.984
	Earnings Per Share (Rs.)		33.28	26.36	58.62

QUARTERLY RESULTS

PARTICULARS	30.06.2012 (Unaudited)	30.09.2012 (Unaudited)	31.12.2012 (Unaudited)	31.03.2013 (Unaudited)
	1^st Quarter	2nd Quarter	3rd Quarter	4^th Quarter
Net Sales	247.600	246.000	234.500	177.700
Total Expenditure	206.300	210.500	193.500	168.500
PBIDT (Excl OI)	41.400	35.500	41.000	9.100
Other Income	2.400	2.900	2.400	8.800
Operating Profit	43.700	38.400	43.400	18.000
Interest	0.600	0.800	0.500	2.200
Exceptional Items	0.000	0.000	0.000	0.000
PBDT	43.100	37.600	42.900	15.700
Depreciation	6.500	5.100	7.700	8.400
Profit Before Tax	36.600	32.500	35.200	7.300
Tax	7.300	6.500	7.000	2.000
Provisions and Contingencies	0.000	0.000	0.000	0.000
Profit After Tax	29.300	26.000	28.100	5.300
Extraordinary Items	0.000	0.000	0.000	0.000
Prior Period Expenses	(0.200)	(0.300)	(0.100)	0.000
Other Adjustment	0.000	0.000	0.000	0.000
Net Profit	29.100	25.600	28.200	5.300

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	7.33	5.84	11.77
Net Profit Margin (PBT/Sales)	(%)	9.64	7.49	14.68
Return on Total Assets (PBT/Total Assets}	(%)	8.13	8.09	13.49
Return on Investment (ROI) (PBT/Networth)		0.14	1.12	0.30
Debt Equity Ratio (Total Debt /Networth)		0.33	0.25	0.23
Current Ratio (Current Asset/Current Liability)		2.31	1.97	1.71

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

UNSECURED LOANS:

Particulars	31.03.2012 Rs. In Millions	31.03.2011 Rs. In Millions
Long Term Borrowings
From Related Parties	51.982	8.195
From Companies (Intercorporate borrowings)	77.700	70.000
From Other Parties	0.000	0.000
Securities Deposits from Customers	2.227	2.000
Short Term Borrowings
From Related Parties	0.000	3.717
From Other Parties	0.000	5.527
	131.909	89.439

CORPORATE INFORMATION:

Subject is a public Limited Company domiciled in India and incorporated under the provisions of Companies Act, 1956. The Company is engaged in manufacturing of Granites and Marble Slabs. The Company is having 100% EOU and caters huge demand of Foreign Markets for Granite and Marbles Slabs.

BUSINESS RESULTS:

The Company achieved a turnover of Rs.581.079 Millions during the period. This was mainly due to the moderate demand in the global market. The Net Profit after Tax of the Company is Rs. 44.982 Millions as against Rs.35.629 Millions in the previous year.

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	L14101KA1989PLC062041
Name of the company	PACIFIC INDUSTRIES LIMITED
Address of the registered office or of the principal place of business in India of the company	Survey NO.13, N.H.48, Kempalinganhalli, Nelamangala Taluka, Bangalore – 562123, Karnataka, India Email ID: vijaylaxmi2277@gmail.com
This form is for	Creation of charge
Type of charge	Movable property (not being pledge)
Particular of charge holder	HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India Email ID: tanu.chugh@hdfcbank.com
Nature of instrument creating charge	Agreement for Loan and Guarantee. (Proposal No.: 80615926) (Rs. 2.670 Millions X 3 Nos.) = Rs. 80.100 Millions
Date of instrument Creating the charge	14.05.2013
Amount secured by the charge	Rs. 8.010 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Interest @ 12.06 % p.a. Terms of Repayment The Loan is repayable in 35 EMIs of Rs. 0.273 Millions (Rs. 0.91 Millions X 3 Nos.) starting from 15th June, 2013 ending on 15th April, 2016. Margin As may be stipulated by bank from time to time. Extent and Operation of the charge The Company hypothecates to and charges in favour of the Bank by way of first and exclusive charge of the Vehicle/ equipment described in Item No. 15 as security for the repayment/payment by the company of the loan granted or to be granted to the company by the Bank together with all fees, interest, costs and expenses incurred/to be incurred by the Bank and all other monies payable or to become payable by the company to the Bank. Others The Bank shall be absolutely entitled and have full power and authority to sell, assign or transfer in any manner, in whole or in part, and in such manner and on such terms as the Bank may decide, including reserving a right to the Bank to retain its power to proceed against the company on behalf of the purchaser, assignee or transferee, any or all outstanding dues of the company, to any third party of the Bank's choice without reference to or without written intimation to the company.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Hypothecation of 3 Nos. Equipment namely: 650 KVA DG SET. (Year Of Manufacture: 2013)

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Furniture and Fixture

· Vehicle

· Mise. Ass. Mining Equipments

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 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. 60.34
UK Pound	1	Rs. 90.79
Euro	1	Rs. 77.81

INFORMATION DETAILS

Report Prepared by :

VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	6
FINANCIAL CONDITION		0
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	YES
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		48

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

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

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

RATING EXPLANATIONS

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

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

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