MIRA INFORM REPORT

Report Date :

27.06.2013

IDENTIFICATION DETAILS

Name :	NOBEL HYGIENE LIMITED (w.e.f 01.01.2010)
Formerly Known As :	NOBEL HYGIENE PRIVATE LIMITED
Registered Office :	A – 70, MIDC, Sinnar, Nashik – 422103, Maharashtra
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	13.11.2001
Com. Reg. No.:	11-003048
Capital Investment / Paid-up Capital :	Rs. 76.880 Millions
CIN No.: [Company Identification No.]	U24239GA2001PTC003048
TAN No.: [Tax Deduction & Collection Account No.]	BLRN02038B
PAN No.: [Permanent Account No.]	AABCN5081A
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of baby diapers and adult diapers and also engaged in trader of fabrics and textiles.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (52)

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

Maximum Credit Limit :	USD 1179000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established and a reputed company having a good track record. It has achieved a healthy growth in its turnover and profits during 2012. Financial position is good. Trade relations are reported as decent. Business is active. Payments are reported to be regular and as per commitments. The company can be considered good for normal 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/Factory :	A – 70, MIDC, Sinnar, Nashik – 422103, Maharashtra India
Tel. No.:	91-832-2556861/25568628/42121314
Fax No.:	91-832-2556861/42121316
E-Mail :	noble@vsnl.in nobelco@sancharnet.in
Website :	http://www.nobelhygiene.com
Corporate Office:	Unit No. 204, Thakur House (Antariksh), Makwana Road, Andheri (East), Mumbai – 400059, Maharashtra, India
Tel. No.:	91-22-28201381/ 28201382
Fax No.:	91-22-28201383
E-Mail :	noble@vsnl.in sales@nobelhygiene.com

Note: Corporate office of the company has been shifted from Swaroop Arcade, 4^th Floor, Sahar Road, Andheri, Mumbai – 400099, Maharashtra, India to the present address.

DIRECTORS

As on 29.09.2012

Name :

Mr. Kamal Manohardas Johari

Designation :

Director

Address :

101, Sunflower Building, Thakkarpark, Aram Socrd, Vakola, Santacruz (East), Mumbai-400 055, Maharashtra, India

Date of Birth/Age :

10.10.1960

Date of Appointment :

16.07.2012

DIN No.:

00785082

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	U65910MH1994PTC082644	LIBRA EQUIFIN PRIVATE LIMITED	Director	07/11/1994	07/11/1994	-	Strike off	NO
2	U51900MH1997PTC105387	SAMTAIN SALES PRIVATE LIMITED	Director	24/01/1997	24/01/1997	-	Active	NO
3	U99999MH1996PTC104056	POWERFUL IMPEX PRIVATE LIMITED	Director	23/04/1998	23/04/1998	-	Active	NO
4	U24239GA2001PLC003048	NOBEL HYGIENE LIMITED	Managing director	16/07/2012	13/11/2001	-	Active	NO
5	U67120MH1996PTC098349	FANCY INVESTRADE PRIVATE LIMITED	Director	23/05/2002	23/05/2002	-	Active	NO
6	U74994MH2004PTC144846	PERIWINKLE FASHIONS PRIVATE LIMITED	Director	04/03/2004	04/03/2004	-	Active	NO

Name :

Mrs. Kamini Kamal Johari

Designation :

Director

Address :

101, Sunflower Building, Thakkarpark, Aram Socrd, Vakola, Santacruz (East), Mumbai-400 055, Maharashtra, India

Date of Birth/Age :

10.02.1962

Date of Appointment :

16.07.2012

DIN No.:

01309286

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	U99999MH1996PTC104056	POWERFUL IMPEX PRIVATE LIMITED	Director	10/03/2000	10/03/2000	-	Active	NO
2	U24239GA2001PLC003048	NOBEL HYGIENE LIMITED	Whole-time director	16/07/2012	13/11/2001	-	Active	NO
3	U67120MH1996PTC098349	FANCY INVESTRADE PRIVATE LIMITED	Director	10/12/2006	10/12/2006	-	Active	NO

Name :

Mr. Manish Dharanendra Ladage

Designation :

Directors

Address :

Row No. 18, Vasant Vihar, Pokharan Road No. 2, Thane (West), Mumbai – 400601, Maharashtra, India

Date of Appointment :

30.09.2010

DIN No.:

00082178

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	U67190MH1995PTC085346	MASTERMIND FINANCIAL SERVICES PRIVATE LIMITED	Director	08/02/1995	08/02/1995	-	Active	NO
2	U67120MH1996PTC100686	METICULOUS FISCAL COMPANY PRIVATE LIMITED	Director	04/03/2002	04/03/2002	-	Active	NO
3	L30007MH1992PLC068558	MICRO TECHNOLOGIES (INDIA) LIMITED	Director	06/09/2004	06/09/2004	29/08/2008	Active	NO
4	U74120MH2006PTC161860	RELAXWITHTAX CONSULTANTS PRIVATE LIMITED	Director	17/05/2006	17/05/2006	01/03/2008	Active	NO
5	U51909MH2002PTC135748	BENNETT TRADING PRIVATE LIMITED	Director	16/11/2006	16/11/2006	-	Active	NO
6	U72200KL2006PTC020117	NANO TECHNOLOGIES INDIA PRIVATE LIMITED	Director	18/12/2006	18/12/2006	-	Active	YES
7	U55101MH2007PTC167686	MACHAD RESORTS PRIVATE LIMITED	Director	08/02/2007	08/02/2007	-	Active	YES
8	U45200MH2005PTC151147	SHAURYA-VEER CONSTRUCTIONS PRIVATE LIMITED	Director	05/06/2009	05/06/2009	-	Active	NO
9	L24231MH1993PLC233757	SIGRUN HOLDINGS LIMITED	Additional director	10/08/2009	10/08/2009	04/12/2010	Active	NO
10	U24239GA2001PLC003048	NOBEL HYGIENE LIMITED	Director	30/09/2010	30/10/2009	-	Active	NO
11	U51420MH2008PLC187080	INFINIUM PRECIOUS RESOURCES LIMITED	Director	26/09/2011	25/04/2011	-	Active	NO

Name :

Mr. Ramesh D. Tainwala

Designation :

Director

Address :

71-Kalpataru, Nutamn Laxmi Society, JVPD Scheme, Vile Parle, Mumbai-400 057, Maharashtra, India

Date of Birth/Age :

08.09.1959

Date of Appointment :

15.12.2003

DIN No.:

00234109

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	L24100MH1985PLC037387	TAINWALA CHEMICALS AND PLASTICS (INDIA) LIMITED	Director	04/10/1985	04/10/1985	30/04/2008	Active	NO
2	U65990MH1982PTC027073	TAINWALA TRADING AND INVESTMENT COMPANY PRIVATE LIMITED	Director	04/03/1987	04/03/1987	-	Active	NO
3	L99999MH1987PLC042076	DONEAR INDUSTRIES LIMITED	Director	20/04/1990	20/04/1990	-	Active	NO
4	U67120MH1991PTC060867	TAINWALA HOLDINGS PRIVATE LIMITED	Director	29/03/1991	29/03/1991	-	Active	NO
5	U45200MH1988PTC049046	KATYAYAN CONSTRUCTION AND DEVELOPERS PRIVATE LIMITED	Director	26/12/1991	26/12/1991	-	Active	NO
6	U70102MH1995PTC087967	CONCEPT REALITY AND SECURITIES PRIVATE LIMITED	Director	03/05/1995	03/05/1995	-	Active	NO
7	U24239GA2001PLC003048	NOBEL HYGIENE LIMITED	Director	15/12/2003	15/12/2003	-	Active	NO
8	L24120MH1990PLC058560	BASANT AGRO TECH (INDIA) LIMITED	Director	22/12/2005	22/12/2005	-	Active	NO
9	U28129MH2003PTC139261	ABHISHRI PACKAGING PRIVATE LIMITED	Director	20/03/2006	20/03/2006	02/05/2008	Active	NO
10	U01111MH2007PTC167349	KRISHNA AGRO PRIVATE LIMITED	Director	15/02/2007	15/02/2007	14/04/2011	Active	NO
11	U74994MH2004PTC144846	PERIWINKLE FASHIONS PRIVATE LIMITED	Additional director	31/10/2007	31/10/2007	06/02/2008	Active	NO
12	U19120MH1995PTC094287	SAMSONITE SOUTH ASIA PRIVATE LIMITED	Alternate director	25/01/2011	11/09/2009	-	Active	NO
13	U52190RJ1999PTC015993	PLANET RETAIL HOLDINGS PRIVATE LIMITED	Additional director	26/03/2013	17/02/2011	-	Active	NO

Name :

Mr. Bhupal Singh Verdia

Designation :

Director

Address :

17 Mani Vikas, T. H. Kataria Marg, Matunga Road, Mumbai – 400016, Maharashtra, India

Date of Appointment :

29.09.2012

DIN No.:

02258522

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	U24239GA2001PLC003048	NOBEL HYGIENE LIMITED	Director	29/09/2012	05/10/2011	-	Active	NO
2	U67190MH2012PTC230002	VERDIA CONSULTANCY SERVICES PRIVATE LIMITED	Director	20/04/2012	20/04/2012	-	Active	NO

MAJOR SHAREHOLDERS

As on 29.09.2012

SHAREHOLDING DETAILS FILE ATTACHED.

Equity Share Break up (Percentage of Total Equity)

As on 29.09.2012

Category	Percentage
Bodies corporate	47.73
Directors or relatives of Directors	30.99
Other top fifty shareholders	19.39
Others	1.89
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of baby diapers and adult diapers and also engaged in trader of fabrics and textiles.

Products :

PRODUCT DESCRIPTION	ITC NO.
Baby Diapers	48184010
Adult Diapers	48184010

Brand Names :

FRIENDS and TEDDYY

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Sate Bank of India, MIDC Andheri (East) Branch, Plot No B-1, Central Road, Andheri (East), Mumbai-400093, Maharashtra, India

· The North Kanara G.S B Co-operative Bank Limited, Samved, S.K Bole Road, Dadar, Mumbai-400028, Maharashtra, India

· Janakalyan Sahakari Bank Limited, 140, Vivek Darshan Sindhi Society, Opposite Bhakti Bhavan Chembur, Mumbai, Maharashtra, India

· HDFC Bank

· Standard Chartered Bank

Facilities :

Secured Loans	31.03.2012 Rs. In Millions	31.03.2011 Rs. In Millions
Long Term Borrowings
Rupee term loans from banks (hypothecation / Mortgage of Office Premises, Factory Land and Factory Building, Plant and Machinery and Personal Guarantee of Some of the Directors)	83.701	111.130
Loans taken for vehicles (Vehicle Loans from HDFC Bank Limited against hypothecation of respective vehicles)	1.973	1.389
Short Term Borrowings
Foreign currency term loans from banks	17.729	14.250
Working capital loans from banks	166.389	133.060
Total	269.792	259.829

Banking Relations :	--
Auditors :
Name :	Manish D Ladage and Company Chartered Accountant
Address :	D-2123-25, Oberoi Garden Estate, Chandivli Farms Road, Chandivli, Mumbai-400072, Maharashtra, India
Tel. No.:	91-22-28476411/28471399
Fax No.:	91-22-28476411/28474788
E-Mail :	manish@mastermindfinance.com
PAN.:	AAKPB8971F
Enterprises over which Key Managerial Personnel are able to exercise Significant Influence :	Fancy lnvestrade Private Limited Powerful lmpex Private Limited Galaxy Trading Company

CAPITAL STRUCTURE

After 29.09.2012

Authorised Capital : Rs. 215.000 Millions

Issued, Subscribed & Paid-up Capital : Rs. 157.833 Millions

As on 29.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
9000000	Equity Shares	Rs. 10/- each	Rs. 90.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
7868000	Equity Shares	Rs. 10/- each	Rs. 78.680 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	76.880	76.880
(b) Reserves & Surplus	185.389	85.165
(c) Money received against share warrants	9.000	9.000
(2) Share Application money pending allotment	23.400	0.000
Total Shareholders’ Funds (1) + (2)	294.669	171.045
(3) Non-Current Liabilities
(a) long-term borrowings	91.004	120.428
(b) Deferred tax liabilities (Net)	1.166	1.166
(c) Other long term liabilities	27.865	32.804
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	120.035	154.398
(4) Current Liabilities
(a) Short term borrowings	201.086	156.464
(b) Trade payables	53.564	38.719
(c) Other current liabilities	50.270	42.596
(d) Short-term provisions	31.375	18.126
Total Current Liabilities (4)	336.295	255.905
TOTAL	750.999	581.348
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	241.715	230.992
(ii) Intangible Assets	0.000	0.033
(iii) Capital work-in-progress	38.356	33.746
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	1.276	1.276
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	28.700	29.072
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	310.047	295.119
(2) Current assets
(a) Current investments	5.000	5.000
(b) Inventories	169.467	121.131
(c) Trade receivables	225.150	130.682
(d) Cash and cash equivalents	8.512	6.396
(e) Short-term loans and advances	32.823	21.957
(f) Other current assets	0.000	1.063
Total Current Assets	440.952	286.229
TOTAL	750.999	584.348

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		76.880
2] Share Application Money		0.000
3] Reserves & Surplus		47.129
4] (Accumulated Losses)		0.000
NETWORTH		124.009
LOAN FUNDS
1] Secured Loans		141.042
2] Unsecured Loans		2.232
TOTAL BORROWING		143.274
DEFERRED TAX LIABILITIES		1.166
TOTAL		268.449
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		26.444
Capital work-in-progress		109.087
INVESTMENT		1.276
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	60.623
	Sundry Debtors	65.671
	Cash & Bank Balances	4.891
	Other Current Assets	3.456
	Loans & Advances	26.355
Total Current Assets		160.996
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	24.573
	Other Current Liabilities	1.163
	Provisions	11.791
Total Current Liabilities		37.527
Net Current Assets		123.469
MISCELLANEOUS EXPENSES		8.173
TOTAL		268.449

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2012	31.03.2011	31.03.2010
	SALES
			Income	762.338	451.582	298.224
			Other Income	.514	4.834	0.351
			TOTAL (A)	762.852	456.416	298.575
Less	EXPENSES
			Cost of materials consumed	503.821	339.917
			Changes in inventories of finished goods, work-in-progress and stock-in-trade	(28.687)	(27.445)
			Employee benefit expense	11.754	6.793
			Expenditure on production, transportation and other expenditure pertaining to E&P activities	2.517	0.964
			Other expenses	114.644	69.286
			TOTAL (B)	604.049	389.515	269.523
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			158.803	66.901	29.052
Less	FINANCIAL EXPENSES (D)			47.288	23.187	9.526
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			111.515	43.714	19.526
Less/ Add	DEPRECIATION/ AMORTISATION (F)			11.158	5.678	0.789
	PROFIT BEFORE TAX (E-F) (G)			100.357	38.036	18.737
Less	TAX (H)			0.134	0.000	4.733
	PROFIT AFTER TAX (G-H) (I)			100.223	38.036	14.004
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD			63.135	25.099	11.095
	BALANCE CARRIED TO THE B/S			163.358	63.135	25.099
	IMPORTS
		Capital Goods		3.610	66.796	0.000
		Raw Materials and Finished products		72.164	79.855	57.132
		Machinery (WIP)		0.000	0.000	73.586
		Fright		0.000	0.000	0.018
		Sample Material		0.000	0.000	0.023
	TOTAL IMPORTS			75.774	146.651	130.759
	Earnings Per Share (Rs.)			13.04	4.95	1.94

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	13.14	8.33	4.69
Net Profit Margin (PBT/Sales)	(%)	13.16	8.42	6.28
Return on Total Assets (PBT/Total Assets}	(%)	14.10	6.96	9.99
Return on Investment (ROI) (PBT/Networth)		0.34	0.22	0.15
Debt Equity Ratio (Total Debt /Networth)		0.99	1.62	1.16
Current Ratio (Current Asset/Current Liability)		1.31	1.12	4.29

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	---------
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	---------
22]	Litigations that the firm / promoter involved in	---------
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	---------
26]	Buyer visit details	---------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

NOTE: Registered office of the company has been shifted from D-2 16, Sancoale, Zuari Nagar, Goa-403 726,

India to the present address but same has not been in the Government Registry.

UNSECURED LOANS:

Particulars	31.03.2012 Rs. In Millions	31.03.2011 Rs. In Millions
Long Term Borrowings
Rupee term loans	1.650	1.921
Rupee term loans from others	2.380	4.188
Intercorporate deposits	1.300	1.300
Deposits from others	0.000	0.500
Short Term Borrowings
Rupee term loans from others	2.299	0.000
Working capital loans	14.669	9.154
Total	22.298	17.063

REVIEW OF PERFORMANCE:

The Company has achieved significant growth during the last financial year. The year gone by has been a good year with company closing on increased profitability.

The Company achieved turnover of Rs. 762.300 Millions during the year under report as against Rs. 451.600 Millions during the previous year, representing an increase of 68.81%. The net profit after tax stood at Rs. 100.200 Millions compared to Rs. 38.000 Millions in earlier years.

Overall, 2011-12 has been a very rewarding year. Your Company emerged strong out of the global economic slowdown. The company was aggressive in its quest for new contacts, executed on its full strategy and maintained pricing discipline. This helped to deliver 67% revenue growth for the year along with overall performance.

FUTURE OUTLOOK:

The company is adding more geographies within India and also abroad in order to increase its distribution reach and in the current financial year is adding more distribution and sales force to eventually reach number of retail outlets.

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U24239GA2001PTC003048
Name of the company	NOBEL HYGIENE PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	D2 16, Sancoale, Zuari Nagar, Goa-403726, India Email: noble@vsnl.in
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10145181
Type of charge	Immovable property
Particular of charge holder	Sate Bank of India, MIDC Andheri (East) Branch, Plot No B-1, Central Road, Andheri (East), Mumbai-400093, Maharashtra, India Email: ar.sahay@sbi.co.in
Nature of instrument creating charge	Memorandum for recording extension of mortgage by deposit of title deeds covering enhanced limits and/or creation of equitable mortgage on additional properties for existing limits and enhanced limits and additional facilities.
Date of instrument Creating the charge	14.09.2012
Amount secured by the charge	Rs, 525.800 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest WC - Interest at 3.75% above BR (Present BR = 10.00%) with a minimum of 13.75% Present effective rate 13.75% p.a. Terms of Repayment The New Term Loan of Rs. 35.000 Millions will be repaid in 46 Monthly installments commencing from October 2013 i.a. after a moratorium of 14 Months. Schedule as per the annexure attached. The Corporate Loan of Rs. 15.000 Millions will be repaid Monthly installments commencing from December 2012 i.e. after a Moratorium of 3 Months. Schedule as per the annexure attached. Margin RM Domestic - 25%, RM Imported - 25%, SIP - 25%, FG - 25%, Receivables (Cover 120 days)@ - 25%, Letter of Credit - 20%, BG - 20%, TL - 32.82%. Extent and Operation of the charge Security to cover principal amount together with interest, costs, charges and expenses etc. Others Cash Credit – 210.000 Millions, SLOC - Rs. 15.000 Millions, TL I - Rs. 141.000 Millions, TL II (O/s) – 2.500 Millions , TL III - Rs. 35.000 Millions, Corporate Loan - Rs. 15.000 Millions, LC (WC) - Rs. 60.000 Millions, BG (One Time) - Rs. 6.500 Millions , BG (WC) - Rs. 40.000 Millions, Forward Contract* - Rs. 0.800 Millions Total Limits - Rs. 525.800 Millions. * 2% of Forward Contract limit of Rs. 40.000 Millions. All other terms and condition as per the sanctioned letter loan agreement.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Office Premises at 401 Swaroop Aracade, Andheri (East), Mumbai - 400 099 CTS No. 571, 571/1 to 571/8 Total Area: 950 sq. fts. Boundaries:- On or towards the East - partly by land bearing CTS No .569 and partly by land bearing 570. On or towards the West - partly by land bearing CTS No. 576 and partly by land bearing 573 and On or towards the North - partly by land bearing CTS No. 578 partly by land bearing CTS No. 579 by Sahar Road. On or towards the South - by Sahar Road. Name of the Village, Town, Tehsil, District and State Chakala Village. 2. Office Premises at 402 Swaroop Aracade, Andheri (East), Mumbai - 400 099 CTS No. 571, 571/1 to 571/8 Total Area: 950 sq. fts. Boundaries:- On or towards the East - partly by land bearing CTS No .569 and partly by land bearing 570. On or towards the West - partly by land bearing CTS No. 576 and partly by land bearing 573 and on or towards the North - partly by land bearing CTS No. 578 partly by land bearing CTS No. 579 by Sahar Road. On or towards the South - by Sahar Road. Name of the Village, Town, Tehsil, District and State Chakala Village. 3. Office Premises at B-12, Swati Manor Building N C Kelker Road, Dadar (W), Mumbai 400 028 Surveys No. 2/1422 and CADESTRAL S No. 235 Total Area 465 Sq Fts Name of the Village/Town/Tehsil/District and State Mahim Devision in the City of Mumbai. 4.Flat No. 101, 1st Floor, Adm 648.84 Sq Ft Carpet Area Building as Sunflower CHS Limited Land bearing Plot of land bearing CTS No. 3161, 3162, 3163, 3171, 3172 of Village Kolekalyan Santacruz (East), Bombay in the Registration District and sub District Mumbai City and Mumbai Suburban,
Date of instrument modifying the charge	14.09.2012
Particulars of the present modification	The Borrowers by way of equitable mortgage by deposit of title deeds of Immovable properties at Description in Point No. 15 has provided further security to secure the Loan Facility of Rs. 368.100 Millions now increased to Rs. 525.800 Millions.

FIXED ASSETS:

· Air Conditioner

· Aquaguard

· Computer

· Factory Equipments

· Factory Premises

· Factory Land

· Office Premises

· Handi (Machine)

· Reliance Mobile Phone

· Electrical Installation

· Website Development

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. 59.85
UK Pound	1	Rs. 92.31
Euro	1	Rs. 78.22

INFORMATION DETAILS

Report Prepared by :

VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	7
--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		52

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.