MIRA INFORM REPORT

1. Summary Information

		Country	India
Company Name	SCM GARMENTS PRIVATE LIMITED	Principal Name 1	Mr. Paramasivam Kulanthaivel Paramasivam
Status	Satisfactory	Principal Name 2	Mr. Paramasivam Buvanesware
		Registration #	181- 012698
Street Address	57 VOC Nagar (South), Valayankadu, Tirupur – 641603, Tamilnadu
Established Date	03.04.2006	SIC Code	--
Telephone#	Not Available	Business Style 1	Manufacturing
Fax #	Not Available	Business Style 2	--
Homepage	http://www.scmgarments.com	Product Name 1	Hosiery Garments
# of employees	Not Available	Product Name 2	--
Paid up capital	Rs. 139,697,000/-	Product Name 3	--
Shareholders	Bodies corporate – 48.39% Directors or relatives of Directors – 51.61%	Banking	Indian Overseas Bank
Public Limited Corp.	NO	Business Period	7 Years
IPO	NO	International Ins.	-
Public Enterprise	NO	Rating	Ba (45)
Related Company
Relation	Country	Company Name	CEO
Other Related Party	India	SCM Creations	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2012		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	703,325,000	Current Liabilities	408,566,000
Inventories	722,735,000	Long-term Liabilities	1,200,642,000
Fixed Assets	654,357,000	Other Liabilities	53,651,000
Deferred Assets	0,000	Total Liabilities	1,662,859,000
Invest& other Assets	885,000	Retained Earnings	278,746,000
		Net Worth	418,443,000
Total Assets	2,081,302,000	Total Liab. & Equity	2,081,302,000
Total Assets (Previous Year)	2,495,561,000
P/L Statement as of	31.03.2012		(Unit: Indian Rs.)
Sales	4154,833,000	Net Profit / (Loss)	(70,289,000)
Sales(Previous yr)	4330,984,000	Net Profit(Prev.yr)	79,142,000

MIRA INFORM REPORT

Report Date :

10.07.2013

IDENTIFICATION DETAILS

Name :	SCM GARMENTS PRIVATE LIMITED

Registered Office :	57 VOC Nagar (South), Valayankadu, Tirupur – 641603, Tamilnadu

Country :	India

Financials (as on) :	31.03.2012

Date of Incorporation :	03.04.2006

Com. Reg. No.:	181- 012698

Capital Investment / Paid-up Capital :	Rs. 139.697 Millions

CIN No.: [Company Identification No.]	U18101TZ2006PTC012698

PAN No.: [Permanent Account No.]	AAJCS7850A

Legal Form :	Private Limited Liability Company

Line of Business :	Manufacturing of Hosiery Garments.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 1670000

Status :	Satisfactory

Payment Behaviour :	Usually Correct

Litigation :	Clear

Comments :	Subject is a part of “Chennai Silks Group”. It is an established company having a satisfactory track record. The company has recorded some loss from its operation. However, general information strength seems to be strong. The company gets good support from its group companies. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct and as per commitment. The company can be considered for normal 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 – March 31^st, 2013

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

India

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

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long term loan : BBB
Rating Explanation	Having moderate degree of safety regarding timely servicing of financial obligation. It carry moderate credit risk.
Date	December 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 :	57 VOC Nagar (South), Valayankadu, Tirupur – 641603, Tamilnadu, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	scmcre@scmgroups.com sargunan@scmgroups.com
Website :	http://www.scmgarments.com

Factory :	S.F.No.38/1-5,N.G.Palayam Privu, Thekkalur, Avinashi, Coimbatore - 641654, Tamilnadu, India
Tel. No.:	91-4296-255282 / 064
Fax No.:	Not Available
E-Mail :	scmcre@scmsgruops.com

DIRECTORS

As on : 28.09.2012

Name :

Mr. Paramasivam Kulanthaivel Paramasivam

Designation :

Managing director

Address :

No. 57, Voc Nagar, 1^st Street, Tirupur – 641603, Tamilnadu, India

Date of Birth/Age :

12.12.1968

Date of Appointment :

30.01.2012

DIN No.:

01164177

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	U17111TZ1995PTC005857	T C S TEXTILES PRIVATE LIMITED	Director	24-02-95	24-02-95	-	Active	NO
2	U36911TZ2006PTC012701	GAJAANANDA JEWELLERY MAART PRIVATE LIMITED	Director	03-04-06	03-04-06	-	Active	NO
3	U18101TZ2006PTC012697	S.C.M. INTERNATIONAL IMPEX PRIVATE LIMITED	Director	03-04-06	03-04-06	30-01-12	Active	NO
4	U18101TZ2006PTC012698	SCM GARMENTS PRIVATE LIMITED	Managing director	30-01-12	03-04-06	-	Active	NO
5	U17111TZ2006PTC012699	SCM SILKS PRIVATE LIMITED	Director	28-09-07	09-07-07	30-01-12	Active	NO
6	U40108TZ2012PTC018345	GEE AAR KAUSH ENERGY PRIVATE LIMITED	Director	07-06-12	07-06-12	-	Active	NO

Name :

Mr. Paramasivam Buvanesware

Designation :

Director

Address :

No. 57, Voc Nagar, 1^st Street, Tirupur – 641603, Tamilnadu, India

Date of Birth/Age :

27.08.1974

Date of Appointment :

28.09.2012

DIN No.:

00029163

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	U18101TZ2006PTC012698	SCM GARMENTS PRIVATE LIMITED	Director	28-09-12	30-01-12	-	Active	NO
2	U40108TZ2012PTC018345	GEE AAR KAUSH ENERGY PRIVATE LIMITED	Director	07-06-12	07-06-12	-	Active	NO

Name :

Mr. Tirupur Kulandaivel Chandiran

Designation :

Director

Address :

No.11, Kalidas Road, Ram Nagar, Coimbatore – 641009, Tamilnadu, India

Date of Birth/Age :

24.06.1950

Date of Appointment :

28.09.2012

DIN No.:

00031091

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	U18101TZ1991PTC003373	SCM GLOBAL BRANDS PRIVATE LIMITED	Director	25-07-91	25-07-91	-	Active	NO
2	U17111TZ1995PTC005857	T C S TEXTILES PRIVATE LIMITED	Managing director	24-02-95	24-02-95	-	Active	NO
3	U52393TZ2000PLC009431	THE KTM JEWELLERY LIMITED	Managing director	01-01-12	14-07-00	-	Active	NO
4	U91110TZ2004NPL011065	COIMBATORE JEWEL CRAFT INFRASTRUCTURE FOUNDATION	Managing director	30-03-04	30-03-04	-	Active	NO
5	U36911TZ2006PTC012701	GAJAANANDA JEWELLERY MAART PRIVATE LIMITED	Director	03-04-06	03-04-06	-	Active	NO
6	U18101TZ2006PTC012697	S.C.M. INTERNATIONAL IMPEX PRIVATE LIMITED	Director	03-04-06	03-04-06	30-01-12	Active	NO
7	U18101TZ2006PTC012698	SCM GARMENTS PRIVATE LIMITED	Director	28-09-12	03-04-06	-	Active	NO
8	U17111TZ2006PTC012699	SCM SILKS PRIVATE LIMITED	Director	28-09-07	09-07-07	30-01-12	Active	NO
9	U85300TN2009NPL073599	NAWAD TECH	Director	19-12-09	19-12-09	-	Active	NO
10	U40108TZ2012PTC018332	NACHAS WIND ENERGY PRIVATE LIMITED	Director	05-06-12	05-06-12	-	Active	NO
11	U52393TZ2012PLC019067	KKV GOLD N RETAIL LIMITED	Director	27-12-12	27-12-12	-	Active	NO

Name :

Mr. Periya Kulandaivel Aroomugam

Designation :

Director

Address :

97, Karuvampalayam, ABT Road, 1^st , Tirupur – 641604, Tamilnadu, India

Date of Birth/Age :

13.05.1959

Date of Appointment :

28.09.2012

DIN No.:

00028966

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	U17111TZ1995PTC005857	T C S TEXTILES PRIVATE LIMITED	Director	24-02-95	24-02-95	-	Active	NO
2	U91110TZ2004NPL011065	COIMBATORE JEWEL CRAFT INFRASTRUCTURE FOUNDATION	Additional director	30-03-04	30-03-04	03-09-12	Active	NO
3	U36911TZ2006PTC012701	GAJAANANDA JEWELLERY MAART PRIVATE LIMITED	Director	03-04-06	03-04-06	-	Active	NO
4	U17111TZ2006PTC012699	SCM SILKS PRIVATE LIMITED	Director	28-09-07	09-07-07	30-01-12	Active	NO
5	U18101TZ2006PTC012698	SCM GARMENTS PRIVATE LIMITED	Director	28-09-12	09-07-07	-	Active	NO
6	U18101TZ2006PTC012697	S.C.M. INTERNATIONAL IMPEX PRIVATE LIMITED	Managing director	30-01-12	09-07-07	-	Active	NO
7	U18109TZ2006PTC012917	AATHAVA GARMENTS INDIA PRIVATE LIMITED	Director	30-09-08	10-12-07	30-01-12	Active	NO
8	U36911TZ2011PTC016836	GAJAANANDA JEWELLERY MART INDIA PRIVATE LIMITED	Managing director	05-05-12	10-03-11	-	Active	NO
9	U18101TZ2012PTC017815	GAJAANANDA APPAREL COMPANY INDIA PRIVATE LIMITED	Whole-time director	17-08-12	24-01-12	-	Active	NO
10	U40108TZ2012PTC018336	GAJAANANDA GREEN ENERGY PRIVATE LIMITED	Director	06-06-12	06-06-12	-	Active	NO

Name :

Mr. Kulandaivelu Manickam

Designation :

Director

Address :

2/5, Desabandhu Street, Ram Nagar, Tamilnadu, India

Date of Birth/Age :

17.06.1954

Date of Appointment :

28.09.2012

DIN No.:

00028106

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	U18101TZ1991PTC003373	SCM GLOBAL BRANDS PRIVATE LIMITED	Director	25-07-91	25-07-91	03-09-12	Active	NO
2	U17111TZ1995PTC005857	T C S TEXTILES PRIVATE LIMITED	Whole-time director	24-02-95	24-02-95	-	Active	NO
3	U52393TZ2000PLC009431	THE KTM JEWELLERY LIMITED	Director	14-07-00	14-07-00	30-12-11	Active	NO
4	U36911TZ2006PTC012701	GAJAANANDA JEWELLERY MAART PRIVATE LIMITED	Director	03-04-06	03-04-06	-	Active	NO
5	U18101TZ2006PTC012697	S.C.M. INTERNATIONAL IMPEX PRIVATE LIMITED	Director	03-04-06	03-04-06	30-01-12	Active	NO
6	U18101TZ2006PTC012698	SCM GARMENTS PRIVATE LIMITED	Director	28-09-12	03-04-06	-	Active	NO
7	U18109TZ2006PTC012917	AATHAVA GARMENTS INDIA PRIVATE LIMITED	Director	09-10-06	10-07-06	-	Active	NO
8	U17112TZ2006PTC012951	THE MADRAS SILKS INDIA PRIVATE LIMITED	Managing director	24-07-06	24-07-06	-	Active	NO
9	U17111TZ2006PTC012699	SCM SILKS PRIVATE LIMITED	Director	28-09-07	09-07-07	30-01-12	Active	NO
10	U40108TZ2012PTC018327	CRYSTAL WIND ENERGY PRIVATE LIMITED	Director	04-06-12	04-06-12	-	Active	NO

Name :

Mr. Kulanthaivel Vinayagam

Designation :

Director

Address :

No. 52, Krishna Talkies Road, Karungalipalayam, Erode – 638003, Tamilnadu, India

Date of Birth/Age :

05.03.1962

Date of Appointment :

28.09.2012

DIN No.:

00028737

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	U17111TZ1995PTC005857	T C S TEXTILES PRIVATE LIMITED	Director	24-02-95	24-02-95	-	Active	NO
2	U36911TZ2006PTC012701	GAJAANANDA JEWELLERY MAART PRIVATE LIMITED	Director	03-04-06	03-04-06	-	Active	NO
3	U18101TZ2006PTC012697	S.C.M. INTERNATIONAL IMPEX PRIVATE LIMITED	Director	03-04-06	03-04-06	30-01-12	Active	NO
4	U18101TZ2006PTC012698	SCM GARMENTS PRIVATE LIMITED	Director	28-09-12	03-04-06	-	Active	NO
5	U17111TZ2006PTC012949	SPACE TEXTILES PRIVATE LIMITED	Managing director	21-07-06	21-07-06	-	Active	NO
6	U17111TZ2006PTC012699	SCM SILKS PRIVATE LIMITED	Director	28-09-07	09-07-07	30-01-12	Active	NO

Name :

Mr. Kulandaivel Sivalingam

Designation :

Director

Address :

SF 23/3/4, Sriram Kiruba, Bunglow Road, Odakadu, Tirupur – 641602, Tamilnadu, India

Date of Birth/Age :

31.03.1954

Date of Appointment :

28.09.2012

DIN No.:

00028947

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	U17111TZ1995PTC005857	T C S TEXTILES PRIVATE LIMITED	Whole-time director	24-02-95	24-02-95	-	Active	NO
2	U18101TZ1991PTC003373	SCM GLOBAL BRANDS PRIVATE LIMITED	Whole-time director	24-02-95	24-02-95	03-09-12	Active	NO
3	U36911TZ2006PTC012701	GAJAANANDA JEWELLERY MAART PRIVATE LIMITED	Director	03-04-06	03-04-06	-	Active	NO
4	U17111TZ2006PTC012699	SCM SILKS PRIVATE LIMITED	Managing director	03-04-06	03-04-06	-	Active	NO
5	U18101TZ2006PTC012697	S.C.M. INTERNATIONAL IMPEX PRIVATE LIMITED	Director	28-09-07	09-07-07	30-01-12	Active	NO
6	U18101TZ2006PTC012698	SCM GARMENTS PRIVATE LIMITED	Director	28-09-12	09-07-07	-	Active	NO
7	U40108TZ2012PTC018326	SCM GREEN POWER PRIVATE LIMITED	Director	04-06-12	04-06-12	-	Active	NO

Name :

Mr. Nachammal Kulandaivel Nandhagopal

Designation :

Director

Address :

Old No. 36, New No. 30, Bungalow Road, Oddakkadu, Tirupur – 641602, Tamilnadu, India

Date of Birth/Age :

10.04.1964

Date of Appointment :

28.09.2012

DIN No.:

00028953

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	U17111TZ1995PTC005857	T C S TEXTILES PRIVATE LIMITED	Director	24-02-95	24-02-95	-	Active	NO
2	U36911TZ2006PTC012701	GAJAANANDA JEWELLERY MAART PRIVATE LIMITED	Director	03-04-06	03-04-06	-	Active	NO
3	U18101TZ2006PTC012697	S.C.M. INTERNATIONAL IMPEX PRIVATE LIMITED	Director	03-04-06	03-04-06	30-01-12	Active	NO
4	U18101TZ2006PTC012698	SCM GARMENTS PRIVATE LIMITED	Director	28-09-12	03-04-06	-	Active	NO
5	U18101TZ2006PTC012950	SATHY SILKS PRIVATE LIMITED	Managing director	21-07-06	21-07-06	-	Active	NO
6	U17111TZ2006PTC012699	SCM SILKS PRIVATE LIMITED	Director	28-09-07	09-07-07	30-01-12	Active	NO
7	U45202TZ2007PTC014038	TEEMAGE BUILDERS PRIVATE LIMITED	Director	21-11-07	21-11-07	-	Active	NO
8	U55101TZ1990PTC014530	SHREE NANDHI SILKS PRIVATE LIMITED	Managing director	27-12-07	27-12-07	-	Active	NO
9	U52393TZ2000PLC009431	THE KTM JEWELLERY LIMITED	Additional director	23-04-10	23-04-10	23-08-10	Active	NO
10	U40108TZ2012PTC018328	G K GREEN POWER PRIVATE LIMITED	Director	04-06-12	04-06-12	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on : 28.09.2012

Names of Shareholders	No. of Shares
TCS Textiles Private Limited, India	6760000
PPK Pramasivam	5767741
P Bhuvanesware	720967
P Kaushik Kumaran	720967
Total	13969675

Equity Share Break up (Percentage of Total Equity)

As on : 28.09.2012

Category	Percentage
Bodies corporate	48.39
Directors or relatives of Directors	51.61
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing of Hosiery Garments.

Products :

Product Descirption	Item Code
Hosiery Garments	60.06

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Indian Overseas Bank, 122, Kumaran Road, Tirupur – 641601, Tamilnadu, India

· Bank of Baroda, Tirupur Main Branch, 75/1, Kamarajar Road, Tirupur – 641604, Tamilnadu, India

· IDBI Bank Limited, 66, Aanoor Amman Complex, Sathy Main Road, Erode – 638003, Tamilnadu, India

· UCO Bank, 1524/1287, Murugan Towers, Trichy Road, Coimbatore

Facilities :

(Rs in Millions)

SECURED LOANS	31.03.2012	31.03.2011
Term Loans from Banks	165.608	304.108
Working capital Loans from Banks	1035.034	1187.227
Total	1200.642	1491.335


Auditors :
Name :	G. Subramanian Chartered Accountant
Address :	Tirupur, Tamilnadu, India

Others Related Parties :	· SCM Creations · Mayil Impex

CAPITAL STRUCTURE

As on : 28.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
15000000	Equity Shares	Rs. 10/- each	Rs. 150.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
13969675	Equity Shares	Rs. 10/- each	Rs. 139.697 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	139.697	138.300
(b) Reserves & Surplus	278.746	346.940
(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)	418.443	485.240

(3) Non-Current Liabilities
(a) long-term borrowings	165.608	309.211
(b) Deferred tax liabilities (Net)	6.745	3.558
(c) Other long term liabilities	11.358	7.006
(d) long-term provisions	20.203	13.573
Total Non-current Liabilities (3)	203.914	333.348

(4) Current Liabilities
(a) Short term borrowings	1035.034	1187.227
(b) Trade payables	258.708	304.009
(c) Other current liabilities	138.500	153.998
(d) Short-term provisions	26.703	31.739
Total Current Liabilities (4)	1458.945	1676.973

TOTAL	2081.302	2495.561

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	654.357	854.499
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.885	8.465
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	10.362	8.506
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	665.604	871.470

(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	722.735	982.486
(c) Trade receivables	443.207	409.293
(d) Cash and cash equivalents	54.204	68.671
(e) Short-term loans and advances	132.285	124.762
(f) Other current assets	63.267	38.879
Total Current Assets	1415.698	1624.091

TOTAL	2081.302	2495.561

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		138.300
2] Share Application Money		0.000
3] Reserves & Surplus		272.912
4] (Accumulated Losses)		0.000
NETWORTH		411.212
LOAN FUNDS
1] Secured Loans		1299.188
2] Unsecured Loans		5.103
TOTAL BORROWING		1304.291
DEFERRED TAX LIABILITIES		22.929

TOTAL		1738.432

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		917.224
Capital work-in-progress		0.000

INVESTMENT		2.950
DEFERRED TAX ASSETS		0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	506.274
	Sundry Debtors	435.093
	Cash & Bank Balances	45.357
	Other Current Assets	0.000
	Loans & Advances	303.872
Total Current Assets		1290.596
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000
	Other Current Liabilities	317.510
	Provisions	154.828
Total Current Liabilities		472.338
Net Current Assets		818.258

MISCELLANEOUS EXPENSES		0.000

TOTAL		1738.432

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income
		Other Income
		TOTAL (A)	4154.833	4330.984	3353.632

Less	EXPENSES
		Cost of Materials Consumed
		Purchase of Stock in Trade
		Changes in Inventories of Finished Goods
		Employees Benefits Expenses
		Other expenses
		TOTAL (B)	NA	3884.704	2890.419

Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		NA	446.280	463.213

Less	FINANCIAL EXPENSES (D)		NA	175.730	127.731

	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		NA	270.550	335.482

Less/ Add	DEPRECIATION/ AMORTISATION (F)		NA	192.962	199.888

	PROFIT BEFORE TAX (E-F) (G)		NA	77.588	135.594

Less	TAX (H)		NA	(1.554)	65.850

	PROFIT / (LOSS) AFTER TAX (G-H) (I)		(70.289)	79.142	69.744

	Earnings / (Loss) Per Share (Rs.)		(5.03)	5.72	5.04

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	(1.69)	1.83	2.08

Return on Total Assets (PBT/Total Assets}	(%)	NA	3.12	6.14

Return on Investment (ROI) (PBT/Networth)		NA	0.01	0.33

Debt Equity Ratio (Total Debt /Networth)		0.49	0.69	3.17

Current Ratio (Current Asset/Current Liability)		0.97	0.97	2.73

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 two 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	Yes

UNSECURED LOANS :

(Rs in Millions)

PARTICULARS

31.03.2012

31.03.2011

Loans and Advances from Directors and Related Parties

0.000

5.103

Total

0.000

5.103

BANKERS CHARGES REPORT AS PER REGISTRY :

Corporate identity number of the company	U18101TZ2006PTC012698
Name of the company	SCM GARMENTS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	57 VOC Nagar (South), Valayankadu, Tirupur – 641603, Tamilnadu, India Email : scmcre@scmgroups.com
This form is for	Creation of Charge
Type of charge	· Book debts · Movable property (not being pledge)
Particular of charge holder	Bank of Baroda, Tirupur Main Branch, 75/1, Kamarajar Road, Tirupur – 641604, Tamilnadu, India Email : sargunan@scmgroups.com
Nature of instrument creating charge	Hypothecation Agreement
Date of instrument Creating the charge	29.12.2012
Amount secured by the charge	Rs. 50.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest : 1 % over Base Rate of the Bank per annum Terms of repayment : 3 Months Margin : 25 % Extend and operation of charge : Charge operates as security for Adhoc packing credit loan for Rs. 50.000 Millions by way of hypothecation of stock comprising of yarn, fabric, garments, stores, spares and book debts.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Stock of yarn, fabric, garments, spares and stores held at the factory and other locations and book debts Way of hypothecation.

FIXED ASSETS :

· Land

· Building

· Plant and Machinery

· Electric Fittings

· Vehicles

· Computers

· Car

· Wind Mill Corporation

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. 60.07
UK Pound	1	Rs. 89.91
Euro	1	Rs. 77.43

INFORMATION DETAILS

Report Prepared by :

NIS

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--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	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		45

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

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

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

RATING EXPLANATIONS

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

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

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

MIRA INFORM REPORT

(1.69)

NA

NA

0.49

0.97

Unit