MIRA INFORM REPORT

Report Date :

21.06.2013

IDENTIFICATION DETAILS

Name :	ANKALESH TEXTILE PRIVATE LIMITED (w.e.f. 30.10.2012)
Formerly Known As :	DAKINI LEASING AND FINANCE PRIVATE LIMITED
Registered Office :	Neptune House, S V Road, Opposite Bandra Talkies, Bandra (West), Mumbai – 400050, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	19.07.1993
Com. Reg. No.:	11-072967
Capital Investment / Paid-up Capital :	Rs.2.025 Millions
CIN No.: [Company Identification No.]	U65920MH1993PTC072967
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Cotton Textile Fabric
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca (12)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an company having a moderate track record. The management has failed to file the financial for the years 2012 with the government department. As per the financial of 2011 the company has not started it commercial activity. Our executives are unable to contact the company. No other detail could be made available. Payment terms are unknown. The company can be considered for business dealings on a secured trade terms and condition.

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 :	Neptune House, S V Road, Opposite Bandra Talkies, Bandra (West), Mumbai – 400050, Maharashtra, India
Tel. No.:	91-22-26458796
Fax No.:	Not Available
E-Mail :	devanshu.desai@arvind.in

DIRECTORS

As on 15.09.2011

Name :

Mr. Ramnik Vashrambhai Bhimani

Designation :

Director

Address :

A22-11, Soham Apartment, Near Arbindopark Society, Vastrapur, Ahmedabad – 380054, Gujarat, India

Date of Birth/Age :

01.06.1962

Date of Appointment :

23.08.2004

DIN No.:

00201475

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	U65944MH1993PLC072875	ANVESHAN TEXTILE LIMITED	Director	23-08-04	23-08-04	-	Active	NO
2	U18100GJ1982PTC005662	AMBER APPARELS PRIVATE LIMITED	Director	23-08-04	23-08-04	03-11-08	Converted to LLP and dissolved	NO
3	U17290MH1993PTC072968	ABEER TEXTILE PRIVATE LIMITED	Director	23-08-04	23-08-04	-	Active	NO
4	U17200MH1993PTC072967	ANKALESH TEXTILE PRIVATE LIMITED	Director	23-08-04	23-08-04	-	Active	NO
5	U92190GJ1997PTC033024	ARPAN ENTERTAINMENT PRIVATE LIMITED	Director	16-09-04	16-09-04	-	Active	NO
6	U17110GJ1976PTC002920	SERENDIPITY APPARELS PRIVATE LIMITED	Director	05-04-05	05-04-05	12-02-09	Active	NO
7	U18101GJ2007PLC050217	ARVIND RETAIL LIMITED	Director	14-03-07	14-03-07	31-10-09	Amalgamated	NO
8	U18101GJ2007PTC050985	DIESEL FASHION INDIA RELIANCE PRIVATE LIMITED	Director	30-05-07	30-05-07	11-06-08	Active	NO
9	U80212GJ2008PLC052901	ANAGRAM KNOWLEDGE ACADEMY LIMITED	Director	13-02-08	13-02-08	01-04-08	Active	NO
10	U29100GJ2008PLC053226	ARVIND ACCEL LIMITED	Director	12-03-08	12-03-08	20-04-08	Active	NO
11	U45201GJ2008PLC055771	ARVIND INFRASTRUCTURE LIMITED	Director	26-12-08	26-12-08	05-02-09	Active	NO
12	U67120GJ1995PLC025303	ANAGRAM SHARES REGISTRY LIMITED	Director	03-08-10	03-08-10	-	Amalgamated	NO
13	U17121GJ2012PTC071968	ARVIND GOODHILL SUIT MANUFACTURING PRIVATE LIMITED	Director	14-09-12	14-09-12	11-03-13	Active	NO
14	U17120GJ2013PTC073597	ARVIND PROCESSING PARK PRIVATE LIMITED	Director	18-02-13	18-02-13	-	Active	NO
15	U72400GJ2013PTC074576	ARVIND INTERNET PRIVATE LIMITED	Director	18-04-13	18-04-13	-	Active	NO

Name :

Mr. Hemen Hirenkumar Joshi

Designation :

Director

Address :

H 7, Birju Apartment, Near Azad Society, Ambawadi, Ahmedabad – 380015, Gujarat, India

Date of Birth/Age :

27.09.1978

Date of Appointment :

31.07.2010

DIN No.:

02706938

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	U65993GJ2004PLC044641	MARG TRADING LIMITED	Director	29-09-09	07-07-09	-	Active	NO
2	U17200MH1993PTC072967	ANKALESH TEXTILE PRIVATE LIMITED	Director	31-07-10	31-07-10	-	Active	NO
3	U51909GJ1990PTC014292	SHWETRATNA TRADING AND INVESTMENTS PRIVATE LIMITED	Director	21-09-10	31-07-10	-	Amalgamated	NO
4	U65910GJ1994PTC039882	LALBHAI REALTY FINANCE PRIVATE LIMITED	Director	28-09-10	31-07-10	-	Active	NO
5	U92190GJ1997PTC033024	ARPAN ENTERTAINMENT PRIVATE LIMITED	Director	06-09-10	31-07-10	-	Active	NO
6	U17290MH1993PTC072968	ABEER TEXTILE PRIVATE LIMITED	Director	31-07-10	31-07-10	-	Active	NO
7	U65944MH1993PLC072875	ANVESHAN TEXTILE LIMITED	Director	31-07-10	31-07-10	-	Active	NO
8	U67120GJ1995PLC025303	ANAGRAM SHARES REGISTRY LIMITED	Director	03-08-10	03-08-10	-	Amalgamated	NO
9	U14102GJ1991PTC015933	AMAZON TEXTILES PRIVATE LIMITED	Director	22-09-10	09-09-10	-	Active	NO
10	U29120GJ1993PLC020829	TAPTI MACHINES LIMITED	Director	16-09-11	01-03-11	-	Active	NO
11	U24231GJ1993PLC020826	PELICAN PACKERS LIMITED	Director	16-09-11	01-03-11	-	Active	NO
12	U52390GJ2011PTC068302	AURA MERCHANDISE PRIVATE LIMITED	Director	20-12-11	20-12-11	-	Active	NO
13	U17120GJ2013PTC073596	ARVIND SPINNING PARK PRIVATE LIMITED	Director	18-02-13	18-02-13	-	Active	NO
14	U17120GJ2013PTC073807	ARVIND OG NONWOVENS PRIVATE LIMITED	Director	01-03-13	01-03-13	-	Active	NO
15	AAA-6455	WHITE OCEAN BUSINESS VENTURES LLP	Designated Partner	03-10-11	03-10-11	01-03-12	Active	NO

Name :

Mr. Indrakumar Somchand Shah

Designation :

Director

Address :

B-26, Krupnagr, Mumbai – 400056, Maharashtra, India

Date of Birth/Age :

11.11.1943

Date of Appointment :

22.08.2000

DIN No.:

00012585

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	U65944MH1993PLC072875	ANVESHAN TEXTILE LIMITED	Director	22-08-00	22-08-00	-	Active	NO
2	U17290MH1993PTC072968	ABEER TEXTILE PRIVATE LIMITED	Director	22-08-00	22-08-00	-	Active	NO
3	U17200MH1993PTC072967	ANKALESH TEXTILE PRIVATE LIMITED	Director	22-08-00	22-08-00	-	Active	NO
4	L51505HP1993PLC031724	LS INDUSTRIES LIMITED	Director	28-03-03	28-03-03	07-05-09	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 15.09.2011

Names of Shareholders	No. of Shares
Hasita leasing and Financial Private Limited, India	101260
Abala Leasing and Financial Private Limited, India	101260
Total	202520

As on 15.09.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Cotton Textile Fabric

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	· State Bank of India, Commercial Branch, Paramsiddhi Building, Near V S Hospital, Ahmedabad - 380006, Gujarat, India · Bank of Baroda · State Bank of Patiala · ICICI Bank

Banking Relations :	---
Auditors :
Name :	Jignesh V Sha and Company Chartered Accountants
Address :	404 B, Harekrishna Complex, Pritamnagar, Ellisbridge, Ahmedabad – 380006, Gujarat, India
Tel. No.:	91-79-26578234 / 40038021
Fax No.:	91-79-26871477
E-Mail :	jignesh@jvsco.net
Website :	www.jvsco.net
PAN No.:	AIQPS0391C

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
250000	Equity Shares	Rs.10/- each	Rs.2.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
202520	Equity Shares	Rs.10/- each	Rs.2.025 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		2.025	2.025	2.025
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.000	0.000	0.000
4] (Accumulated Losses)		(7.348)	(7.317)	(7.311)
NETWORTH		(5.323)	(5.292)	(5.286)
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.00
2] Unsecured Loans		5.707	5.707	5.707
TOTAL BORROWING		5.707	5.707	5.707
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		0.384	0.415	0.421
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.000	0.000	0.000
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.271	0.271	0.270
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	0.000	0.000	0.000
	Cash & Bank Balances	0.124	0.150	0.159
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	0.000	0.000	0.000
Total Current Assets		0.124	0.150	0.159
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors
	Other Current Liabilities	0.011	0.006	0.008
	Provisions
Total Current Liabilities		0.011	0.006	0.008
Net Current Assets		0.113	0.144	0.151
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		0.384	0.415	0.421

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	0.000	0.000	0.000
		Other Income	0.000	0.000	0.000
		TOTAL	0.000	0.000	0.000
Less	EXPENSES
		Filing Fees	0.019	0.000	0.005
		Audit Fees	0.006	0.006	0.006
		Bank Charges	0.001	0.001	0.001
		Legal and Professional frees	0.005	0.000	0.002
		TOTAL	0.031	0.007	0.014
	PROFIT / (LOSS) BEFORE TAX		(0.031)	(0.007)	(0.014)
Less	TAX		0.000	0.000	0.000
	PROFIT / (LOSS) AFTER TAX		(0.031)	(0.007)	(0.014)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(7.318)	(7.311)	(7.297)
	BALANCE / (LOSS) CARRIED TO THE B/S		(7.349)	(7.318)	(7.311)
	Earnings / (Loss) Per Share (Rs.)		(0.15)	NA	NA

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.00	0.00	0.00
Net Profit Margin (PBT/Sales)	(%)	0.00	0.00	0.00
Return on Total Assets (PBT/Total Assets}	(%)	(25.00)	(4.67)	(8.81)
Return on Investment (ROI) (PBT/Networth)		0.01	0.00	0.00
Debt Equity Ratio (Total Debt /Networth)		(1.07)	(1.08)	(1.08)
Current Ratio (Current Asset/Current Liability)		11.27	25.00	19.88

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

FINANCIAL RESULT

During the year the company has incurred a loss of Rs.0.031 Million the balance of loss brought forward from the earlier year Rs.7.317 Millions and the current year loss have been carried to the balance sheet.

UNSECURED LOAN

(Rs. In Millions)

Particular	As on 31.03.2011	As on 31.03.2010
From Companies	5.707	5.707
Total	5.707	5.707

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U17200MH1993PTC072967
Name of the company	ANKALESH TEXTILE PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	Neptune House, S V Road, Opposite Bandra Talkies, Bandra (West), Mumbai – 400050, Maharashtra, Indai devanshu.desai@arvind.in
This form is for	Creation of charge
Type of charge	Movable property (not being pledge)
Particular of charge holder	State Bank of India, Commercial Branch, Paramsiddhi Building, Near V S Hospital, Ahmedabad - 380006, Gujarat, India rm2.cbahm@sbi.co.in
Nature of instrument creating charge	Agreement of Hypothecation of Goods and Assets executed by the company in favour of State Bank of India for Term Loan / Project LC/ Bank Gaurantee/ Credit Exposure Limit of Rs. 1170.000 Millions.
Date of instrument Creating the charge	18.02.2013
Amount secured by the charge	Rs.1170.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest As Per State Bank of India's Sanction Letter No. Cba/Amt-V/591 Dated: 18^th February, 2013 Terms of Repayment As Per State Bank Of India's Sanction Letter No. Cba/Amt-V/591 Dated: 18^th February, 2013 Margin As Per State Bank Of India's Sanction Letter No. Cba/Amt-V/591 Dated: 18^th February, 2013 Extent and Operation of the charge As Per State Bank Of India's Sanction Letter No. Cba/Amt-V/591 Dated: 18^th February, 2013
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Charge on entire movable assets of the company at constructed premises (leased from AL) admeasuring 8803 Sq. Mts. at survey / Block no. 573/p at AL's Premises Vadsar, Kalol, Gandhinagar, Gujarat.

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 records 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 tansactions 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.59.70
UK Pound	1	Rs.92.22
Euro	1	Rs.79.19

INFORMATION DETAILS

Report Prepared by :

NTH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	1
--PROFITABILIRY	1~10	1
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		12

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

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.