1. Summary Information

		Country	INDIA
Company Name	QUADRANT EPP SURLON INDIA LIMITED	Principal Name 1	MRS. UMA KUMAR
Status	SATISFACTORY	Principal Name 2	MR. LUV KUMAR
		Registration #	55-061671
Street Address	PLOT NO.4, POCKET 1, JASOLA VIHAR, NEW DELHI – 110 074
Established Date	21.09.1994	SIC Code	--
Telephone#	91-11-29943550/ 51/ 52	Business Style 1	MANUFACTURER
Fax #	91-11-29943553	Business Style 2	--
Homepage	www.quadrantsurlon.com www.quadrantepp.com	Product Name 1	METALON PRODUCTS
# of employees	NOT AVAILABLE	Product Name 2	ENGINEERING PLASTIC PRODUCTS
Paid up capital	RS.17,031,000/-	Product Name 3	--
Shareholders	FOREIGN HOLDINGS-51.00% DIRECTORS OR RELATIVES OF DIRECTORS-49.00%	Banking	HDFC BANK LIMITED
Public Limited Corp.	NO	Business Period	19 YEARS
IPO	NO	International Ins.	--
Public Enterprise	NO	Rating	Ba (50)
Related Company
Relation	Country	Company Name	CEO
HOLDING COMPANY	NETHERLANDS	QUADRANT HOLDING B.V.	--
Note	--

2. Summary Financial Statement

Balance Sheet as of	31.03.2012		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	75,841,000	Current Liabilities	45,477,000
Inventories	36,047,000	Long-term Liabilities	48,866,000
Fixed Assets	48,765,000	Other Liabilities	9,532,000
Deferred Assets	0,000	Total Liabilities	103,875,000
Invest& other Assets	5,900,000	Retained Earnings	45,647,000
		Net Worth	62,678,000
Total Assets	166,553,000	Total Liab. & Equity	166,553,000
Total Assets (Previous Year)	147,020,000
P/L Statement as of	31.03.2012		(Unit: Indian Rs.)
Sales	231,471,000	Net Profit	10,161,000
Sales(Previous yr)	165,585,000	Net Profit(Prev.yr)	5,186,000

MIRA INFORM REPORT

Report Date :

25.06.2013

IDENTIFICATION DETAILS

Name :	QUADRANT EPP SURLON INDIA LIMITED
Formerly Known As :	SURLON INDIA LIMITED
Registered Office :	Plot No.4, Pocket 1, Jasola Vihar, New Delhi – 110 074
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	21.09.1994
Com. Reg. No.:	55-061671
Capital Investment / Paid-up Capital :	Rs.17.031 Millions
CIN No.: [Company Identification No.]	U74899DL1994PLC061671
TAN No.: [Tax Deduction & Collection Account No.]	DELQ00292F
PAN No.: [Permanent Account No.]	AAACQ0889J
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of Metalon Products also offers an exhaustive range of Engineering Plastic Products.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

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

Maximum Credit Limit :	USD 251000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having a satisfactory track record. The company has recorded better growth in its sales turnover and profits during 2012. Trade relations are decent. 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 :	Plot No.4, Pocket 1, Jasola Vihar, New Delhi – 110 074, India
Tel. No.:	91-11-29943550/ 51/ 52
Fax No.:	91-11-29943553
E-Mail :	skumar@quadransturlon.co.in satendra.kumar@quadrantsurlon.com
Website :	http://www.quadrantsurlon.com http://www.quadrantepp.com
Factory 1 :	54/11, Site 4, Industrial Area Sahibabad, District Ghaziabad – 201 010, Uttar Pradesh, India
Tel. No.:	91-120-3294917/ 4755555
Fax No.:	91-120-2895793/ 4755525
E-Mail :	contact@quadrantsurlon.com skumar@quadrantsurlon.com
Factory 2 :	Also located at: · Dehradun
Sales Office :	Located at: · New Delhi · Secunderabad · Kolkata · Mumbai · Chennai
Representative Office :	Located at: · Ludhiana · Kanpur · Vadodara · Bangalore · Coimbatore

DIRECTORS

As on 18.09.2012

Name :

Mrs. Uma Kumar

Designation :

Director

Address :

Plot No.1, Pocket 4, Jasola Vihar, New Delhi – 110 092, India

Date of Appointment :

21.09.1994

DIN No.:

00120166

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	U74899DL1990PTC039674	GENESIS INFOSOFT PRIVATE LIMITED	Director	29/03/1990	29/03/1990	-	Active	NO
2	U74999DL1992PLC049098	SEQUOIA INFRASTRUCTURE LIMITED	Director	20/03/1994	20/03/1994	-	Active	NO
3	U74899DL1994PLC061671	QUADRANT EPP SURLON INDIA LIMITED	Director	21/09/1994	21/09/1994	-	Active	NO
4	U74999DL2003PTC118958	QUADRANT EPP SURLON UTTARANCHAL PRIVATE LIMITED	Whole-time director	01/10/2010	28/06/2004	-	Active	NO
5	U25209DL2007PTC159328	SEQUOIA SAFETY PRODUCTS PRIVATE LIMITED	Director	28/02/2009	28/02/2009	-	Active	NO

Name :

Mr. Luv Kumar

Designation :

Whole Time Director

Address :

Plot No.1, Pocket 4, Jasola Vihar, New Delhi – 110 092, India

Date of Appointment :

01.08.2012

DIN No.:

00121555

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	U74899DL1990PTC039674	GENESIS INFOSOFT PRIVATE LIMITED	Director	29/03/1990	29/03/1990	-	Active	NO
2	U74999DL1992PLC049098	SEQUOIA INFRASTRUCTURE LIMITED	Director	20/03/1994	20/03/1994	-	Active	NO
3	U74899DL1994PLC061671	QUADRANT EPP SURLON INDIA LIMITED	Whole-time director	01/08/2012	21/09/1994	-	Active	NO
4	U74999DL2003PTC118958	QUADRANT EPP SURLON UTTARANCHAL PRIVATE LIMITED	Director	14/02/2003	14/02/2003	-	Active	NO
5	U25209DL2007PTC159328	SEQUOIA SAFETY PRODUCTS PRIVATE LIMITED	Director	15/02/2007	15/02/2007	01/08/2012	Active	NO
6	U29220DL2010PTC197736	SURLON DUREL SPRINGS PRIVATE LIMITED	Director	07/01/2010	07/01/2010	-	Active	NO

Name :

Mr. Satendra Kumar

Designation :

Whole Time Director

Address :

Plot No.1, Pocket 4, Jasola Vihar, New Delhi – 110 092, India

Date of Appointment :

21.09.1994

DIN No.:

00121674

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	U74899DL1990PTC039674	GENESIS INFOSOFT PRIVATE LIMITED	Director	29/03/1990	29/03/1990	-	Active	NO
2	U74999DL1992PLC049098	SEQUOIA INFRASTRUCTURE LIMITED	Director	09/06/1992	09/06/1992	-	Active	NO
3	U74899DL1994PLC061671	QUADRANT EPP SURLON INDIA LIMITED	Director	21/09/1994	21/09/1994	-	Active	NO
4	U74999DL2003PTC118958	QUADRANT EPP SURLON UTTARANCHAL PRIVATE LIMITED	Director	14/02/2003	14/02/2003	-	Active	NO
5	U25209DL2007PTC159328	SEQUOIA SAFETY PRODUCTS PRIVATE LIMITED	Director	15/02/2007	15/02/2007	-	Active	NO
6	U74140UP2005PLC031074	IMPERIAL SECURITY SYSTEMS LIMITED	Director	30/06/2007	30/06/2007	30/06/2007	Active	YES
7	U29220DL2010PTC197736	SURLON DUREL SPRINGS PRIVATE LIMITED	Director	07/01/2010	07/01/2010	-	Active	NO

Name :

Mr. Shigeyoshi Murase

Designation :

Director

Address :

Dolderstrasse 96, 8032, Zurich, NA, Switzerland

Date of Appointment :

30.09.2010

DIN No.:

03274388

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 18.09.2012

Names of Shareholders	No. of Shares
Satyendra Kumar	201169
Uma Kumar	117510
Neena Gupta	2510
Arun Kumar	2510
Luv Kumar	180010
Prachi Kumar	40010
Quadrant Holding B.V., The Netherlands	868581
Satnedra Kumar Prachi Kumar	40800
Satendra Kumar – Karta Satendra Kumar and Sons HUF	175000
Luv Kumar- Karta* Luv Kumar and Sons HUF	75000
Total	1703100

* Shareholding of Luv Kumar and Sons HUF was inadvertently shown with Luv Kumar's Folio in previous Annual Returns

As on 18.09.2012

Equity Share Breakup	Percentage of Holding
Category
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	51.00
Directors or relatives of directors	49.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Metalon Products also offers an exhaustive range of Engineering Plastic Products.
Products :	· General Engineering Plastics · Advanced Engineering Plastics · Fluro Polymers · Meditech Medical Polymers

GENERAL INFORMATION

Bankers :

HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India

Facilities :

Secured Loans	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
LONG TERM BORROWINGS
Term Loans from Banks
HDFC Bank I	0.441	0.615
HDFC Bank II	5.986	7.808
SHORT TERM BORROWINGS
Loans Repayable on demand
HDFC Bank Limited, New Delhi (Cash Credit Limit against hypothecation of stock and book debts and also guaranteed by the directors of the company)	42.439	27.416
Total	42.439	35.839

Nature of Security	Terms of Repayment
1) Term Loan I Against security of Innova Car	Payable in 60 installments of Rs.0.019 million each. No default in payment of interest and principal in there.
2. Term Loan II Against hypothecation of Plant and Machinery along with collateral security of factory land.	Payable in 42 installments of Rs.0.217 million each. No default in payment of interest and principal in there.

Banking Relations :	--
Auditors :
Name :	Garg R. Kumar and Associates Chartered Accountants
Address :	7, Advocate Chamber, Raj Nagar District Centre, Above Dominos Pizza, Ghaziabad – 201 001, Uttar Pradesh, India
Tel. No.:	91-120-4566665/ 4566668
E-Mail :	gargkumar@indiatimes.com gargkumar@in.com
Income-tax PAN of auditor or auditor's firm :	AAFFG3672H
Holding Company :	Quadrant Holding B.V. (Netherlands)
Subsidiary Company:	Quadrant EPP Surlon Uttaranchal Private Limited (CIN No.: U74999DL2003PTC118958)

CAPITAL STRUCTURE

As on 18.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
1750000	Equity Shares	Rs.10/- each	Rs.17.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1703100	Equity Shares	Rs.10/- each	Rs.17.031 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	17.031	17.031
(b) Reserves & Surplus	45.647	39.744
(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)	62.678	56.775
(3) Non-Current Liabilities
(a) Long-term borrowings	6.427	23.400
(b) Deferred tax liabilities (Net)	4.825	4.161
(c) Other long term liabilities	0.000	0.000
(d) Long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	11.252	27.561
(4) Current Liabilities
(a) Short term borrowings	42.439	27.416
(b) Trade payables	26.390	30.130
(c) Other current liabilities	19.087	4.698
(d) Short-term provisions	4.707	0.440
Total Current Liabilities (4)	92.623	62.684
TOTAL	166.553	147.020
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	48.765	44.704
(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	5.900	5.900
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	2.206	2.256
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	56.871	52.860
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	36.047	30.734
(c) Trade receivables	61.102	51.434
(d) Cash and cash equivalents	3.420	2.044
(e) Short-term loans and advances	9.113	9.948
(f) Other current assets	0.000	0.000
Total Current Assets	109.682	94.160
TOTAL	166.553	147.020

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		17.031
2] Share Application Money		0.000
3] Reserves & Surplus		34.557
4] (Accumulated Losses)		0.000
NETWORTH		51.588
LOAN FUNDS
1] Secured Loans		37.071
2] Unsecured Loans		12.349
TOTAL BORROWING		49.420
DEFERRED TAX LIABILITIES		3.236
TOTAL		104.244
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		32.147
Capital work-in-progress		0.000
INVESTMENT		5.900
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	34.403
	Sundry Debtors	43.905
	Cash & Bank Balances	1.196
	Other Current Assets	0.000
	Loans & Advances	9.166
Total Current Assets		88.670
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	11.157
	Other Current Liabilities	2.669
	Provisions	8.673
Total Current Liabilities		22.499
Net Current Assets		66.171
MISCELLANEOUS EXPENSES		0.026
TOTAL		104.244

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Revenue from operations (Net)	231.471	165.585	148.840
		Other Income	5.067	3.254	8.827
		TOTAL (A)	236.538	168.839	157.667
Less	EXPENSES
		Cost of Materials Consumed	130.391	109.446	80.710
		Purchases of Stock-in-Trade	7.385	8.423	--
		Changes in inventories of finished goods WIP and Stock-in-Trade	1.919	1.711	--
		Employee Benefits Expenses	22.890	19.674	--
		Other Expenses	45.488	30.871	--
		Exceptional Items/ Extra Ordinary Items	0.000	(18.008)	--
		Prior Period Expenses	1.988	0.128	--
		Manufacturing & Operating Expenses	--	--	36.266
		Administrative and Selling Expenses	--	--	18.246
		TOTAL (B)	210.061	152.245	135.222
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		26.477	16.594	22.445
Less	FINANCIAL EXPENSES (D)		8.795	6.273	5.300
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		17.682	10.321	17.145
Less/ Add	DEPRECIATION/ AMORTISATION (F)		3.119	2.449	2.703
	PROFIT BEFORE TAX (E-F) (G)		14.563	7.872	14.442
Less	TAX (H)		4.402	2.686	2.740
	PROFIT AFTER TAX (G-H) (I)		10.161	5.186	11.702
Less	APPROPRIATIONS
		Transfer to General Reserve	NA	--	1.170
		Dividend	NA	--	5.961
		Tax on Dividend	NA	--	0.111
	NET PROFIT CARRIED TO THE B/S		NA	5.186	4.460
	EARNINGS IN FOREIGN CURRENCY
		Exports of goods calculated on FOB Basis	1.796	0.286	1.608
		Other Incomes	0.155	0.000	0.000
	TOTAL EARNINGS		1.951	0.286	1.608
	IMPORTS
		Raw Materials	18.766	15.648	NA
		Trading Goods	7.329	5.522	NA
	TOTAL IMPORTS		26.095	21.170	NA
	Earnings Per Share (Rs.)		5.97	3.05	6.87

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	4.30	3.07	7.42
Net Profit Margin (PBT/Sales)	(%)	6.29	4.75	9.70
Return on Total Assets (PBT/Total Assets}	(%)	9.06	5.58	11.95
Return on Investment (ROI) (PBT/Networth)		0.23	0.14	0.28
Debt Equity Ratio (Total Debt/Networth)		0.78	0.90	0.96
Current Ratio (Current Asset/Current Liability)		1.18	1.50	3.94

LOCAL AGENCY FURTHER INFORMATION

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	No
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	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
LONG TERM BORROWINGS
Loans and Advances from related parties
From Bodies Corporate	0.000	14.977
Total	0.000	14.977

CONTINGENT LIABILITIES:

Particulars	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
Guarantees	33.550	16.500

Bankers Charges Report as per Registry

Corporate identity number of the company	U74899DL1994PLC061671
Name of the company	QUADRANT EPP SURLON INDIA LIMITED
Address of the registered office or of the principal place of business in India of the company	Plot No.4, Pocket 1, Jasola Vihar, New Delhi – 110 074, India E-Mail: satendra.kumar@quadrantsurlon.com
This form is for	Modification of charge
Charge identification number of the modified	10137053
Type of charge	Immovable Property
Particular of charge holder	CIN No.: L65920MH1994PLC080618 HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India E-Mail: RBBform8@hdfcbank.com
Nature of description of the instrument creating or modifying the charge	Memorandum Recording Past Transactions of Creation of Mortgage by Delivery of Title Deeds.
Date of instrument Creating the charge	28.02.2013
Amount secured by the charge	Rs.90.512 millions
Brief particulars of the principal terms and conditions and extent and operation of the charge	Rate of Interest: Interest at the rate as may be communicated by the Bank from time to time. Terms of Repayment: Working Capital facility shall be payable on demand. Term Loan facility shall be repayable in suitable installments. Margin: As may be stipulated by the Bank from time to time. Extent and Operation of the charge: The Company accorded and gave oral consent to Bank to continue to hold and retain the title deeds (by way of Constructive delivery) in respect of its immovable properties, as security for repayment of Rs.90.512 millions granted by bank to Quadrant EPP Surlon India Limited of Rs.75.912 millions and Quadrant EPP Surlon Uttranchal Private Limited of Rs.14.600 millions ("The Borrowers") together with principal, interest, liquidated damages, costs, charges and expenses. Others: Nil
Short particulars of the property charged	Immovable property being lying and situated at 54/11, Site - IV, Sahibadad, Ghaziabad.
Date of latest modification prior to the present modification	28.02.2013
Particulars of the present modification	The charge now stands reduced from Rs.94.300 millions to Rs.90.512 millions, in favour of the Bank against the mortgage of immovable property situate at Sahibadad, Ghaziabad.

FIXED ASSETS:

· Freehold Land

· Plant and Machinery

· Shed and Building

· Furniture and Fixtures

· Motor Cars

· Computers

· Moulds and Patterns

· Office Equipments

· Electrical Appliances

WEBSITE DETAILS:

PROFILE:

Subject is truly a one stop-shop for Engineering Plastic Components. With a manufacturing experience of over a decade, Subject is able to offer solutions to all the engineering needs, from material selection to manufacturing error-free products through precision process control. Subject’s General Engineering Plastics and Advanced Engineering Plastics portfolio developed up over the decade, includes the broadest range of standard and custom shapes for machining in terms of materials and dimensions. Subject materials enhance performance and service lifetime. Their unique polymer technology extends the performance boundaries of standard engineering plastics in machined parts. The extra high levels of performance improve the productivity, efficiency, quality and life of equipment beyond the limits of standard materials. Their ranges of materials comply with FDA and other standards, and resist a variety of chemicals and solvents, temperatures and mechanical loads. For requirements outside this delivery program, Subject offers custom-designed stock shapes (natural or coloured PA, POM, PET, PC, UHMW-PE, PP, PPE, PMP, TPE, PBI, PAI, PEEK, PPS, PPSU, PEI, PES, PSU, PVD, etc.) enhanced with or without fillers or reinforcements (PTFE, PE, glass fibres, carbon fibres, aramid, etc.) upon request. Subject also provides extensive technical support and application development and guarantees a constant flow of innovative products and new applications to the market. Extended technical data is available both in print and on the web (www.quadrantsurlon.com, www.quadrantplastics.com). Complete traceability and certification are available to meet the compliance requirements.

The ability to offer reliable products and service levels is based on Total Quality Management approach reinforced by ISO 9002/9001, careful selection of raw materials, leading edge process technologies, a highly qualified workforce and computer aided logistic systems and services.

In India, Subject offers the most exhaustive range of products along with the manufacturing capabilities. Subject expanded the manufacturing capabilities to include nylon casting, extrusion, injection moulding and also has a state of art CNC machining capability.

Subject is a part of Quadrant EPP, a new name built on talent and innovation. Quadrant Engineering Plastic Products’ history is rooted in leading producers of stock shapes for machining and fabrication and includes the former Polymer Corporation and Polypenco companies, Erta and Cestidur, Symalit Fluoropolymers, DSM Engineering Plastic Products and most recently Poly Hi Solidur. Now part of the Quadrant group, a global diversified high-end plastics processing company, Subject continues to strengthen its focus on specialized engineering plastics.

Integration of Poly Hi Solidur’s product profile has further expanded capabilities of Subject Now, the products such as Chirulen (Implantable UHMW-PE) and TIVAR range for dewatering elements have been introduced in the Indian market.

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.59.73
UK Pound	1	Rs.91.82
Euro	1	Rs.78.23

INFORMATION DETAILS

Report Prepared by :

SMN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--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
DEFAULTERS
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		50

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.