MIRA INFORM REPORT

Report Date :

29.06.2013

IDENTIFICATION DETAILS

Name :	PUJA POLY PLASTIC PRIVATE LIMITED
Registered Office :	2A, Shakespeare Sarani, 5^th Floor, Kolkata – 700071, West Bengal
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	22.11.1995
Com. Reg. No.:	21-075472
Capital Investment / Paid-up Capital :	Rs. 19.584 Millions
CIN No.: [Company Identification No.]	U74950WB1995PTC075472
TAN No.: [Tax Deduction & Collection Account No.]	CALP02937E
Legal Form :	Private Limited Liability Company
Line of Business :	Trader of Plastic Products.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (30)

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

Status :	Moderate
Payment Behaviour :	Slow but Correct
Litigation :	Clear
Comments :	Subject is a small company having moderate track record. The scale of activities is limited. The position of reserves appear to be low. External borrowings appear to be huge and increasing over previous year. Trade relations are fair. Business is active. Payment terms are reported as slow but correct. The company can be considered for small and mediocre 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 DENIED

MANAGEMENT NON CO-OPERATIVE

Contact No.:	91-33-30570192
Date :	26.06.2013

LOCATIONS

Registered Office :	2A, Shakespeare Sarani, 5^th Floor, Kolkata – 700071, West Bengal, India
Tel. No.:	91-33-22829028 / 2723
Fax No.:	91-33-22827189
E-Mail :	Puja6178@dataone.in

DIRECTORS

As on : 29.09.2012

Name :

Mr. Shankar Kumar Tekriwal

Designation :

Director

Address :

14/2, Burdwant Road, Siddharth Building, Kolkata – 700027, West Bengal, India

Date of Birth/Age :

01.01.1954

Date of Appointment :

18.12.2001

DIN No.:

00800727

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	L21029WB1983PLC036326	PRAVEEN INDIA LIMITED.	Director	19-05-83	19-05-83	-	Active	NO
2	U74899DL1994PTC060193	RUKMANI POLYMERS PRIVATE LIMITED	Director	01-03-99	01-03-99	-	Active	NO
3	U51900MH1994PTC077954	SUKRITI TRADERS PRIVATE LIMITED	Director	25-03-00	25-03-00	16-07-10	Active	NO
4	U51900MH1994PTC078148	LAURA TRADERS PRIVATE LIMITED	Director	25-03-00	25-03-00	16-07-10	Active	NO
5	U51397MH1994PTC077825	DIVERSITY TRADING COMPANY PRIVATE LIMITED	Director	25-03-00	25-03-00	16-07-10	Active	NO
6	U74950WB1995PTC075472	PUJA POLY PLASTIC PVT LIMITED	Director	18-12-01	18-12-01	-	Active	NO
7	U93000WB2012NPL188515	MANGAL KALASH OWNER'S ASSOCIATION	Director	22-11-12	22-11-12	-	Active	NO

Name :

Mr. Rohit Kumar Tekriwal

Designation :

Director

Address :

375, Prince Anwar Shah Road, Flat No. 33C, Tower – 2, South City, Kolkata – 700068, west Bengal, India

Date of Birth/Age :

30.09.1978

Date of Appointment :

28.12.2006

DIN No.:

00800755

Name :

Mr. Ajay Prasad Gupta

Designation :

Director

Address :

J – 302, VIP Enclave, P.O. Deshbandhu Nagar, Kolkata – 700059, West Bengal, India

Date of Birth/Age :

17.01.1965

Date of Appointment :

10.10.2002

DIN No.:

00800781

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

SHAREHOLDING DETAILS FILE ATTACHED

Equity Share Break up (Percentage of Total Equity)

As on : 29.09.2012

Category	Percentage
Bodies corporate	17.87
Directors or relatives of Directors	82.13
Total	100.00

BUSINESS DETAILS

Line of Business :

Trader of Plastic Products.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

ING Vysya Bank Limited, Middleton Street Branch, Sikkim House, Kolkata – 700071, West Bengal, India

Facilities :

(Rs in Millions)

SECURED LOANS	31.03.2012	31.03.2011
ING Vysya Bank Limited Overdraft	--	1.379
ICICI Bank Limited Overdraft	27.656	19.890
Total	27.656	21.269

Auditors :
Name :	Jain and Bagaria Chartered Accountants
Address :	27/8A, Waterloo Street, Kolkata – 700069, West Bengal, India
Tel. No.:	91-33-22435619 / 22435621
PAN No.:	AAGSJ6184J

CAPITAL STRUCTURE

As on : 29.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
2000000	Equity Shares	Rs. 10/- each	Rs. 20.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1958400	Equity Shares	Rs. 10/- each	Rs. 19.584 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	19.584	19.584
(b) Reserves & Surplus	3.468	2.869
(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)	23.052	22.453
(3) Non-Current Liabilities
(a) long-term borrowings	3.047	3.048
(b) Deferred tax liabilities (Net)	0.000	0.225
(c) Other long term liabilities	0.225	2.699
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	3.272	5.972
(4) Current Liabilities
(a) Short term borrowings	58.549	48.309
(b) Trade payables	29.079	5.169
(c) Other current liabilities	6.070	32.057
(d) Short-term provisions	0.000	0.000
Total Current Liabilities (4)	93.698	85.535
TOTAL	120.022	113.960
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1.553	1.849
(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	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	15.000	15.000
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	16.553	16.849
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	0.000	0.000
(c) Trade receivables	77.022	91.962
(d) Cash and cash equivalents	25.911	4.643
(e) Short-term loans and advances	0.536	0.506
(f) Other current assets	0.000	0.000
Total Current Assets	103.469	97.111
TOTAL	120.022	113.960

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		19.584
2] Share Application Money		0.000
3] Reserves & Surplus		2.431
4] (Accumulated Losses)		0.000
NETWORTH		22.015
LOAN FUNDS
1] Secured Loans		20.013
2] Unsecured Loans		54.129
TOTAL BORROWING		74.142
DEFERRED TAX LIABILITIES		0.000
TOTAL		96.157
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1.792
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	99.077
	Cash & Bank Balances	2.853
	Other Current Assets	0.000
	Loans & Advances	7.951
Total Current Assets		109.881
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	4.180
	Other Current Liabilities	10.751
	Provisions	0.585
Total Current Liabilities		15.516
Net Current Assets		94.365
MISCELLANEOUS EXPENSES
TOTAL		96.157

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income		7.958	5.417
		Other Income		1.617	0.687
		TOTAL	11.807	9.575	6.104
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL	11.064	8.997	6.825
	PROFIT / LOSS BEFORE TAX		0.743	0.578	(0.721)
Less	TAX		0.145	0.140	0.001
	PROFIT / LOSS AFTER TAX		0.598	0.438	(0.722)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		2.869	2.431	3.153
	BALANCE CARRIED TO THE B/S		3.467	2.869	2.431
	Earnings Per Share (Rs.)		0.31	0.22	0.37

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	5.06	4.57	(11.83)
Net Profit Margin (PBT/Sales)	(%)	0.00	7.26	(13.31)
Return on Total Assets (PBT/Total Assets}	(%)	0.62	0.51	(0.65)
Return on Investment (ROI) (PBT/Networth)		5.21	0.03	(0.03)
Debt Equity Ratio (Total Debt /Networth)		0.50	0.45	3.37
Current Ratio (Current Asset/Current Liability)		1.26	1.31	0.14

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	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

UNSECURED LOANS :

(Rs in Millions)

PARTICULARS	31.03.2012	31.03.2011
Long term borrowings : From Bodies Corporate (Including Interest accrued )	3.047	3.048
Short term borrowings : From Bodies Corporate (Including Interest accrued )	12.117	11.131
From Related party	18.776	15.909
Total	33.940	30.088

BANKERS CHARGES REPORT AS PER REGISTRY :

Corporate identity number of the company	U74950WB1995PTC075472
Name of the company	PUJA POLY PLASTIC PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	2A, Shakespeare Sarani, 5^th Floor, Kolkata – 700071, West Bengal Email : puja6178@dataone.com
This form is for	Modification of Charge
Charge identification (ID) number of the charge to be modified	90246176
Type of charge	Book debts
Particular of charge holder	ING Vysya Bank Limited, Middleton Street Branch, Sikkim House, Kolkata – 700071, West Bengal, India Email : cms@companiesinn.com
Nature of instrument creating charge	Supplemental Facility Cum Hypothecation Agreement. Letter of Renewal.
Date of instrument Creating the charge	25.03.2013
Amount secured by the charge	Rs. 15.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest : ODSIT/BD : IVBR+3.05% Terms of repayment : ODSIT/BD : On Demand Margin : ODSIT/BD : 40% on book debts. Extend and operation of the charge : First charge on the book debts of the company from time to time. Others : NIL
Short particulars of the property or asset(s) charged (including complete address and location of the property)	All the book debts of the company from time to time.
Particulars of the present modification	The total limit has been modified from Rs.20.000 Millions to Rs.15.000 Millions as follows: Limit Existing Modified (Amt in Millions) ODSIT/BD 10.000 15.000 Cheque Against Clearing (sub limit to ODSIT/BD) (2.500) Nil UBD 10.000 Nil The hypothecation on the book debts of the company extended to the modified limit.

FIXED ASSETS :

· Land and Building

· Motor Cars

· Computer

· Fax Machine

· Xerox Machine

· Telephone Instrument

· Air Conditioner

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. 59.70
UK Pound	1	Rs. 91.14
Euro	1	Rs. 77.98

INFORMATION DETAILS

Information Gathered by :	PDT
Report Prepared by :	NIS

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--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
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		30

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.