MIRA INFORM REPORT

Report Date :

26.06.2013

IDENTIFICATION DETAILS

Name :	MULTIPLY PAPER PACKAGING INDUSTRIES PRIVATE LIMITED
Registered Office :	13-P, Pocket-4, DDA Flats, Mayur Vihar, Phase-III, New Delhi-110096
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	07.03.1996
Com. Reg. No.:	55-076851
Capital Investment / Paid-up Capital :	Rs.4.500 millions
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturers of Paper Corrugated Boxes and Packing Material.
No. of Employees :	50 [Approximately]

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Maximum Credit Limit :	USD 28500
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track. Profitability of the company appears to be low. However trade relations are reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution.

NOTES :

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

ECGC Country Risk Classification List – 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.

INFORMATION PARTED BY

Name :	Mr. Rajiv Sood
Designation :	Director
Contact No.:	91-9891022359
Date :	24.06.2013

LOCATIONS

Registered Office :	13-P, Pocket-4, DDA Flats, Mayur Vihar, Phase-III, New Delhi-110096, India
Tel No.:	91-120-2580568
Mobile No. :	91-9891022359 (Mr. Rajiv Sood)
Fax No.:	91-120-2580569
E-Mail :	multiply@yahoo.com multiply@mail.com
Location :	Owned
Factory :	A-56, Sector 58, District Gautam Budh Nagar, Noida-201301, Uttar Pradesh, India
Tel. No.:	91-120-4580569 / 2580568 / 9
Fax No.:	91-120-2580569

DIRECTORS

AS ON 28.09.2012

Name :

Mr. Rajiv Sood

Designation :

Director

Address :

A-119, Sector-21, Jalvayu Vihar, Haraula Makanpur, Guatambudha Nagar - 201301, Uttar Pradesh, India

Date of Birth/Age :

12.03.1966

Date of Appointment :

07.03.1996

DIN No.:

01635849

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	U21014DL1996PTC076851	MULTIPLY PAPER PACKAGING INDUSTRIES PRIVATE LIMITED	Director	07/03/1996	07/03/1996	-	Active	NO
2	U18101DL2005PTC135240	SEVEN HILL CREATIONS PRIVATE LIMITED	Director	01/02/2008	01/02/2008	06/07/2012	Active	NO

Name :

Ms. Sharmila Sood

Designation :

Director

Address :

A-119, Sector-21, Jalvayu Vihar, Haraula Makanpur, Guatambudha Nagar - 201301, Uttar Pradesh, India

Date of Birth/Age :

02.11.1971

Date of Appointment :

07.03.1996

DIN No.:

01651239

Name :

Ms. Vijay Sood

Designation :

Director

Address :

A-119, Sector-21, Jalvayu Vihar, Haraula Makanpur, Guatambudha Nagar - 201301, Uttar Pradesh, India

Date of Birth/Age :

01.02.1933

Date of Appointment :

07.03.1996

DIN No.:

02389764

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 28.09.2012

Names of Shareholders	No. of Shares
Vijay Sood	75600
Rajeev Bakshi	145270
Sharmila Sood	42700
Sunil Sood	4000
Satender Gupta	4000
Neeta Sood	4000
Anil Kumar Sood	4000
Nivedita Sood	4000
Sathish Kumar Sood	4000
Ranjana Sood	4000
Meenu Sood	4000
Sushil Kumar Sood	19000
Kamlesh Sood	4000
M C Sood	4000
Monoj Chauhan	4000
Neena Sithata	2000
Pankaj Sharma	10000
Mohan Parashar	4700
Rajeev Sood	2000
Dinesh Tiwari	2000
Jawahar Lal	2000
Narain Press	20000
Dadhipal Singh	10000
Mahalalakshmi Packaging	10000
Om Mithila Industries	5000
Sushila Dhingra	5000
Pooja Dhingra	5000
Mamta Aggarwal	5000
Ashima Packaging	5000
Ganpati Packaging Traders, India	5000
Kanav Dikshit	10000
Sumitra Devi	20000
Sugunan K. P.	730
Antriksh Developers and Promoters Private Limited, India	40000
TOTAL	490000

AS ON 28.09.2012

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	8.16
Directors or relatives of directors	91.84
TOTAL	100.00

BUSINESS DETAILS

Line of Business :	Manufacturers of Paper Corrugated Boxes and Packing Material.
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Customers :

Wholesalers and Retailers

No. of Employees :

50 [Approximately]

Bankers :

• Indian Overseas Bank, Institutional Area, Sector-62, Noida-201301, Uttar Pradesh, India
• Standard Chartered Bank
• HSBC Bank
• Syndicate Bank
• ICICI Bank Limited

Facilities :

Long Term Borrowings	As on 31.03.2012 [Rs. in Millions]	As on 31.03.2011 [Rs. in Millions]
Long Term Borrowings	3.890	1.461
TOTAL	3.890	1.461
Short Term Borrowings	As on 31.03.2012 [Rs. in Millions]	As on 31.03.2011 [Rs. in Millions]
Short Term Borrowings	1.582	1.810
TOTAL	1.582	1.810

Banking Relations :	--
Auditors :
Name :	Deepak Roshan and Associates Chartered Accountants
Address :	401, Krishna Apra, Plaza, Sector 18, Noida-201301, Uttar Pradesh, India
Tel. No.:	91-95120-4247009 / 3052500
Mobile No.:	91-9810747900
E-Mail :	deepakaggarwal5@rediffmail.com
PAN No:	AACFD7821N

CAPITAL STRUCTURE

AS ON 28.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.10/- each	Rs.5.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
490000	Equity Shares	Rs.10/- each	Rs.4.900 Millions

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
450000	Equity Share	Rs.10/- Each	Rs.4.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
450000	Equity Share	Rs.10/- Each	Rs.4.500 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	4.500	4.500
(b) Reserves & Surplus	0.565	0.367
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	2.070	0.070
Total Shareholders’ Funds (1) + (2)	7.135	4.937
(3) Non-Current Liabilities
(a) long-term borrowings	3.890	1.461
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	3.890	1.461
(4) Current Liabilities
(a) Short term borrowings	1.582	1.810
(b) Trade payables	9.744	9.884
(c) Other current liabilities	0.062	0.068
(d) Short-term provisions	0.257	0.844
Total Current Liabilities (4)	11.645	12.606
TOTAL	22.670	19.004
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	6.897	5.666
(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	0.072	0.075
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	6.969	5.741
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	3.214	1.085
(c) Trade receivables	9.384	9.833
(d) Cash and cash equivalents	0.074	0.107
(e) Short-term loans and advances	0.000	0.000
(f) Other current assets	3.029	2.238
Total Current Assets	15.701	13.263
TOTAL	22.670	19.004

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		4.500
2] Share Application Money		0.070
3] Reserves & Surplus		0.107
4] (Accumulated Losses)		0.000
NETWORTH		4.677
LOAN FUNDS
1] Secured Loans		2.826
2] Unsecured Loans		0.000
TOTAL BORROWING		2.826
DEFERRED TAX LIABILITIES		0.000
TOTAL		7.503
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		4.677
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERREX TAX ASSETS		0.099
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1.113
	Sundry Debtors	6.835
	Cash & Bank Balances	0.028
	Other Current Assets	1.451
	Loans & Advances	0.000
Total Current Assets		9.427
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	6.102
	Other Current Liabilities	0.149
	Provisions	0.565
Total Current Liabilities		6.816
Net Current Assets		2.611
MISCELLANEOUS EXPENSES		0.000
		0.116
TOTAL
		7.503

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	NA	NA	17.870
		Other Income	NA	NA	1.260
		TOTAL	NA	NA	19.130
Less	EXPENSES
		TOTAL	NA	NA	19.099
	PROFIT / (LOSS) BEFORE TAX		0.262	0.353	0.031
Less	TAX		0.065	0.092	0.003
	PROFIT / (LOSS) AFTER TAX		0.197	0.261	0.029
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		0.367	0.107	0.078
	BALANCE CARRIED TO THE B/S		0.564	0.368	0.107
	Earnings / (Loss) Per Share (Rs.)		0.44	0.58	0.06

Particulars	31.03.2013
Sales Turnover [Approximately]	40.000

Expected Sales (2013-14) : Rs.40.000 Millions.

The above information has been parted by Mr. Rajiv Sood.

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	NA	NA	0.15
Net Profit Margin (PBT/Sales)	(%)	NA	NA	0.17
Return on Total Assets (PBT/Total Assets}	(%)	1.15	1.86	0.22
Return on Investment (ROI) (PBT/Networth)		0.04	0.07	0.01
Debt Equity Ratio (Total Debt/Networth)		0.77	0.66	0.60
Current Ratio (Current Asset/Current Liability)		1.35	1.05	1.38

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	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for one year	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
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]	PAN of Proprietor/Partner/Director, if available	No
32]	Date of Birth of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

BUSINESS OPERATIONS:

The Company has closed its Books for the year 2011-12 with a Profit of Rs. 0.197 Million as compared to the Profit of Rs. 0.261 Million for the year 2010-11.

FIXED ASSETS:

· Land

· Air Conditioner

· Car

· Factory Building

· Plant and Machinery

· Computer

· Office Equipments

· Electrical Equipments and Fittings

· Furniture and Fittings

· Generator

· C V Tata 407

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 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.59.70
UK Pound	1	Rs.92.25
Euro	1	Rs.78.38

INFORMATION DETAILS

Information Gathered by :	NYA
Report Prepared by :	TPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	2
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		26

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.