1. Summary Information

		Country	India
Company Name	A V THOMAS LEATHER AND ALLIED PRODUCTS PRIVATE LIMITED	Principal Name 1	Mr. Ajit Thomas
Status	Good	Principal Name 2	Mr. Dilip Thomas
		Registration #	18-007377
Street Address	22, Marshalls Road, Egmore, Chennai – 600 008, Tamilnadu, India
Established Date	21.09.1977	SIC Code	--
Telephone#	91-44-28553249	Business Style 1	Manufacturer
Fax #	91-44-28553247	Business Style 2	Exporter
Homepage	www.avtleather.com	Product Name 1	Leather Wallets
# of employees	Not Available	Product Name 2	Leather Goods
Paid up capital	Rs. 9,878,000/-	Product Name 3	--
Shareholders	Directors or relatives of Directors – 100%	Banking	Indian Bank
Public Limited Corp.	No	Business Period	36 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	Ba (52)
Related Company
Relation	Country	Company Name	CEO
Subsidiaries	India	A.V. Thomas Exports Limited	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2012		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	732,586,000	Current Liabilities	395,352,000
Inventories	978,243,000	Long-term Liabilities	533,818,000
Fixed Assets	93,155,000	Other Liabilities	225,699,000
Deferred Assets	0,000	Total Liabilities	1,154,869,000
Invest& other Assets	179,850,000	Retained Earnings	819,087,000
		Net Worth	828,965,000
Total Assets	1,983,834,000	Total Liab. & Equity	1,983,834,000
Total Assets (Previous Year)	1,282,788,000
P/L Statement as of	31.03.2012		(Unit: Indian Rs.)
Sales	2,497,000,000	Net Profit	478,083,000
Sales(Previous yr)	2,015,000,000	Net Profit(Prev.yr)	28,686,000

MIRA INFORM REPORT

Report Date :

27.05.2013

IDENTIFICATION DETAILS

Name :	A V THOMAS LEATHER AND ALLIED PRODUCTS PRIVATE LIMITED (w.e.f. 08.11.2002)
Formerly Known As :	A V THOMAS LEATHER AND ALLIED PRODUCTS LIMITED
Registered Office :	22, Marshalls Road, Egmore, Chennai – 600 008, Tamilnadu
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	21.09.1977
Com. Reg. No.:	18-007377
Capital Investment / Paid-up Capital :	Rs. 9.878 Millions
CIN No.: [Company Identification No.]	U18209TN1977PTC007377
TAN No.: [Tax Deduction & Collection Account No.]	CHEA00398G
PAN No.: [Permanent Account No.]	AAACA6264K
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of Leather Goods, Shoe and Shoe Upper.
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 3300000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established and a reputed company having fine track record. Financial position of the company appears to be sound. Trade relations are reported as fair. Business is active. Payments are reported to be regular 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 – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Bank Guarantee:- BBB
Rating Explanation	Having moderate degree of safety regarding timely servicing of financial obligation. It carry moderate credit risk.
Date	January 2013.

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 :	22, Marshalls Road, Egmore, Chennai – 600 008, Tamilnadu, India
Tel. No.:	91-44-28553249/ 22285324/ 28553248
Fax No.:	91-44-28553247
E-Mail :	avtmds@rmcs.sprintrpg.ems.vsnl.net.in avt@avtleather.com
Website :	http://www.avtleather.com
Area :	1850 sq. ft.
Location :	Owned
Branch Office :	118-A, Velachari Road, Guindy, Chennai – 600 032, Tamilnadu, India
Tel. No.:	91-44-32466772-800
Fax No.:	91-44-22201959
E-Mail :	avt@avtleather.com

DIRECTORS

As on: 30.09.2012

Name :

Mr. Ajit Thomas

Designation :

Director

Address :

24, Vijayaraghava Road, T. Nagar, Chennai – 600 017, Tamilnadu, India

Date of Birth/Age :

07.06.1954

Qualification :

B.Sc

Date of Appointment :

18.06.2001

PAN No.:

AAAPT8581H

DIN No.:

00018691

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	U18209TN1977PTC007377	A V THOMAS LEATHER and ALLIED PRODUCTS PRIVATE LIMITED	Director	21/09/1977	21/09/1977	-	Active	NO
2	L51102TN1941PLC000023	A.V.THOMAS INTERNATIONAL LIMITED.	Director	27/09/1978	27/09/1978	29/01/2010	Active	NO
3	L51109KL1935PLC000024	A V THOMAS AND COMPANY LIMITED	Whole-time director	01/02/2013	27/09/1978	-	Active	NO
4	U67120TN1976PLC007167	A V THOMAS INVESTMENTS COMPANY LIMITED	Director	25/06/1980	25/06/1980	-	Active	NO
5	L01117TZ1943PLC000117	NEELAMALAI AGRO INDUSTRIES LIMITED	Director	31/01/2010	18/07/1980	-	Active	NO
6	U25199KL1984PLC013414	MIDLAND LATEX PRODUCTS LIMITED	Director	11/07/1984	11/07/1984	-	Active	NO
7	L15142TN1986PLC012780	AVT NATURAL PRODUCTS LIMITED	Director	12/03/1986	12/03/1986	-	Active	NO
8	L01132KL1943PLC000782	THE NELLIAMPATHY TEA AND PRODUCE COMPANY LIMITED	Director	31/07/2011	18/08/1989	-	Active	NO
9	L25191KL1937PLC000691	MIDLAND RUBBER AND PRODUCE COMPANY LIMITED	Director	31/07/2010	20/03/1991	-	Active	NO
10	U33112TN1993PTC026049	TELEFLEX MEDICAL PRIVATE LIMITED	Director	18/11/1993	18/11/1993	-	Active	NO
11	U51225TN1993PTC026433	AVT MCCORMICK INGREDIENTS PRIVATE LIMITED	Director	22/12/1993	22/12/1993	-	Active	NO
12	U74900TN2000PTC044810	AVT HOLDINGS PRIVATE LIMITED	Director	25/04/2001	25/04/2001	-	Active	NO
13	U29119TN2002PTC048352	SERMATECH PRIVATE LIMITED	Director	25/01/2002	25/01/2002	29/01/2010	Active	NO
14	U74999TN1984PLC010850	A.V.THOMAS EXPORTS LIMMITTED.	Director	02/07/2004	02/07/2004	-	Active	NO
15	U72300TN1999PTC043754	IQ TECH PRIVATE LIMITED	Director	05/08/2004	05/08/2004	29/01/2010	Active	NO
16	U67120TN2005PTC055674	AJIT THOMAS HOLDINGS PRIVATE LIMITED	Director	16/03/2005	16/03/2005	-	Active	NO
17	U65993TN2005PTC055807	MIDLAND CORPORATE ADVISORY SERVICES PRIVATE LIMITED	Director	30/03/2005	30/03/2005	-	Active	NO
18	U65993MH1996PLC211198	LANDT MUTUAL FUND TRUSTEE LIMITED	Director	06/07/2006	06/07/2006	16/06/2010	Active	NO
19	U72200TN2003PTC051522	TEKESSENCE SOFTWARE SOLUTIONS PRIVATE LIMITED	Director	25/10/2007	25/10/2007	16/12/2009	Active	NO
20	U15499TN2008PTC065914	AVT GAVIA FOODS PRIVATE LIMITED	Director	02/01/2008	02/01/2008	-	Active	NO
21	L72200TN1999PLC054429	SAKSOFT LIMITED	Director	06/08/2010	31/07/2009	-	Active	NO
22	L01131TN1943PLC002723	L.J. INTERNATIONAL LIMITED	Director	29/10/2009	29/10/2009	-	Active	NO

Name :

Mr. Dilip Thomas

Designation :

Director

Address :

9, Lodi Khan Street, T. Nagar, Chennai – 600 017, Tamilnadu, India

Date of Birth/Age :

07.08.1958

Qualification :

B.Com

Date of Appointment :

18.06.2001

PAN No.:

AAAPT5000H

DIN No.:

00052185

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	L51102TN1941PLC000023	A.V.THOMAS INTERNATIONAL LIMITED.	Director	19/03/1984	19/03/1984	-	Active	NO
2	L01119KL1925PLC000416	THE HIGHLAND PRODUCE COMPANY LIMITED	Director	01/08/2012	25/04/1985	-	Active	NO
3	L51109KL1935PLC000024	A V THOMAS AND COMPANY LIMITED	Director	08/09/2010	25/04/1985	-	Active	NO
4	L01131TN1943PLC002723	L.J. INTERNATIONAL LIMITED	Director	25/04/1985	25/04/1985	-	Active	NO
5	L25191KL1937PLC000979	THE RAJAGIRI RUBBER AND PRODUCE COMPANY LIMITED	Managing director	01/08/2012	25/04/1985	-	Active	NO
6	U18209TN1977PTC007377	A V THOMAS LEATHER AND ALLIED PRODUCTS PRIVATE LIMITED	Director	30/09/1987	30/09/1987	-	Active	NO
7	U67120TN1976PLC007167	A V THOMAS INVESTMENTS COMPANY LIMITED	Director	21/08/1992	21/08/1992	-	Active	NO
8	U92412KA1993PTC014593	GOLFWARE (INDIA) PRIVATE LIMITED	Director	28/07/1993	28/07/1993	-	Active	NO
9	U36999TN1998PLC041346	DALP TRADING AND MANUFACTURING LIMITED	Director	30/10/1998	30/10/1998	-	Active	NO
10	L22213TN1995PLC031845	UNIVERSAL PRINT SYSTEMS LIMITED	Director	20/06/2000	20/06/2000	12/06/2008	Active	NO
11	U74999TN1984PLC010850	A.V.THOMAS EXPORTS LIMMITTED.	Director	02/07/2004	02/07/2004	-	Active	NO
12	U02021TZ2007PTC013547	AVT WOOD PRODUCTS PRIVATE LIMITED	Director	21/03/2007	21/03/2007	-	Active	NO
13	U74900DL2009PTC195499	USHA STUD AND AGRICUTURAL FARMS PRIVATE LIMITED	Director	24/06/2012	24/06/2012	-	Active	NO

Name :

Mrs. Priyalatha Thomas

Designation :

Director

Address :

9, Lodi Khan Street, T. Nagar, Chennai – 600 017, Tamilnadu, India

Date of Birth/Age :

15.07.1960

Qualification :

M.A

Date of Appointment :

02.02.1996

PAN No.:

AAAPT3406B

DIN No.:

00052237

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	L51109KL1935PLC000024	A V THOMAS AND COMPANY LIMITED	Director	25/04/1985	25/04/1985	18/06/2008	Active	NO
2	U18209TN1977PTC007377	A V THOMAS LEATHER and ALLIED PRODUCTS PRIVATE LIMITED	Director	02/02/1996	02/02/1996	-	Active	NO
3	L01119KL1925PLC000416	THE HIGHLAND PRODUCE COMPANY LIMITED	Director	29/07/1998	29/07/1998	-	Active	NO
4	L25191KL1937PLC000979	THE RAJAGIRI RUBBER AND PRODUCE COMPANY LIMITED	Whole-time director	01/10/2010	29/07/1998	-	Active	NO
5	U36999TN1998PLC041346	DALP TRADING AND MANUFACTURING LIMITED	Director	30/10/1998	30/10/1998	-	Active	NO
6	U02021TZ2007PTC013547	AVT WOOD PRODUCTS PRIVATE LIMITED	Director	21/03/2007	21/03/2007	-	Active	NO
7	L51102TN1941PLC000023	A.V.THOMAS INTERNATIONAL LIMITED.	Director	05/09/2011	29/01/2010	-	Active	NO
8	L01131TN1943PLC002723	L.J. INTERNATIONAL LIMITED	Director	05/09/2011	18/10/2010	-	Active	NO

Name :

Ms. Shanthi Thomas

Designation :

Director

Address :

24, Vijayaraghava Road, T. Nagar, Chennai – 600 017, Tamilnadu, India

Date of Birth/Age :

28.07.1954

Qualification :

B.A

Date of Appointment :

02.02.1996

DIN No.:

00567935

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	U18209TN1977PTC007377	A V THOMAS LEATHER AND ALLIED PRODUCTS PRIVATE LIMITED	Director	02/02/1996	02/02/1996	-	Active	NO
2	L01117TZ1943PLC000117	NEELAMALAI AGRO INDUSTRIES LIMITED	Director	18/03/1998	18/03/1998	-	Active	NO
3	U65993TN2005PTC055807	MIDLAND CORPORATE ADVISORY SERVICES PRIVATE LIMITED	Director	30/03/2005	30/03/2005	-	Active	NO
4	L25191KL1937PLC000691	MIDLAND RUBBER AND PRODUCE COMPANY LIMITED	Additional director	31/01/2013	31/01/2013	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 30.09.2012

Names of Shareholders	No. of Shares
Ajit Thomas	493900
Diip Thomas	492750
Priyalatha Thomas	1150
Total	987800

Equity Share Break up (Percentage of Total Equity)

As on: 30.09.2012

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of Leather Goods, Shoe and Shoe Upper.

Products :

Item Code No.	Product Description
420221	Leather Shoed and Shoe Upper
420221	Leather Goods

PRODUCTION STATUS (As on 31.03.2010)

Particulars	Unit	Actual Production
Leather Goods	Nos.	4447144
Shoes and Shoe Upper	Nos.	359096

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

• Indian Bank, Park Town Branch, 53 Raja Muthiah Road, Leather Chennai - 600 003, Tamilnadu, India
• State Bank of India, Commercial Branch, 232 NSC Bose Road, Second Line Beach, Chennai – 600 001, Tamilnadu, India
• Citibank N.A., No.2, Club House Road, Annasalai, Chennai - 600002, Tamil Nadu, India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2012	As on 31.03.2011
Working capital loans from banks	553.818	555.784
Term loans from banks	0.000	0.510
Total	553.818	556.294

Banking Relations :	--
Auditors :
Name :	Suri and Company Chartered Accountants
Address :	No. 4, Chevalier Sivajiganesan Road, T Nagar, Chennai – 600017, Tamil Nadu, India
Tel. No.:	91-44-24341140 / 24341150
Fax No.:	91-44-24341170
E-Mail :	suriche@eth.net
PAN No.:	AABFS5023Q
Related Parties :	A.V. Thomas Exports Limited CIN No. U74999TN1984PLC010850 A V Thomas And Company Limited CIN No. L51109KL1935PLC000024 Neelamalai Agro Industries Limited CIN No. L01117TZ1943PLC000117 Alina Private Limited CIN No. U18104TN2005PTC057229
Subsidiaries :	A. V. Thomas Exports Limited CIN No. U74999TN1984PLC010850 A.V. Thomas Leather (UK) Limited A.V. Thomas Leather Inc, USA

CAPITAL STRUCTURE

As on: 30.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
21000000	Equity Shares	Rs.10/- each	Rs.210.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
987800	Equity Shares	Rs.10/- each	Rs. 9.878 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2012	31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		9.878	159.878	59.878
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		819.087	391.631	372.829
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		828.965	551.509	432.707
LOAN FUNDS
1] Secured Loans		533.818	556.294	592.687
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		533.818	556.294	592.687
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		1362.783	1107.803	1025.394
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		93.155	105.329	114.131
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		179.850	12.592	12.592
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	978.243	836.899	757.451
	Trade receivable	280.449	177.082	203.564
	Cash & Bank Balances	12.825	82.742	11.698
	Other Current Assets	0.406	0.041	135.471
	Loans & Advances	438.906	211.891	47.881
Total Current Assets		1710.829	1308.655	1156.065
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	320.500	190.149	171.437
	Other Current Liabilities	74.852	62.723	33.739
	Provisions	225.699	65.901	52.218
Total Current Liabilities		621.051	318.773	257.394
Net Current Assets		1089.778	989.882	898.671
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		1362.783	1107.803	1025.394

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	2497.000	2015.000	1969.100
		Other Income	NA	6.135	47.115
		TOTAL (A)	NA	2021.135	2016.215
Less	EXPENSES
		(Increase)/ Decrease in Stock		1957.084	1951.895
		Administrative Expenses
		Advertising Expenses
		TOTAL (B)	NA	1957.084	1951.895
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			[Including Financial	[Including Financial
				Expenses]	Expenses]
Less	FINANCIAL EXPENSES (D)
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			64.051	64.320
Less/ Add	DEPRECIATION/ AMORTISATION (F)			19.065	20.159
	PROFIT BEFORE TAX (E-F) (G)		606.083	44.986	44.161
Less	TAX (H)		128.000	16.300	12.300
	PROFIT AFTER TAX (G-H) (I)		478.083	28.686	31.861
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		58.507	62.029	56.726
Less	APPROPRIATIONS
		Transfer to SEZ Re-investment allowance reserve	0.000	2.324	0.000
		Dividend on Equity Shares @ 50%	39.512	4.939	4.939
		Dividend on Preference Shares	5.770	3.565	0.685
		Tax on Dividend	6.410	1.380	0.934
		Transfer to General Reserve	280.000	20.000	20.000
	BALANCE CARRIED TO THE B/S		204.898	58.507	62.029
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	2219.442	1734.704	1722.529
	TOTAL EARNINGS		2219.442	1734.704	1722.529
	IMPORTS
		Components and Spares	NA	NA	1.931
		Capital Goods	NA	NA	4.069
		Leather	NA	NA	187.640
		Embellishment	NA	NA	120.033
		Chemicals	NA	NA	1.911
		Packing Material	NA	NA	42.113
	TOTAL IMPORTS		NA	NA	357.697
	Earnings Per Share (Rs.)		483.99	25.43	31.56

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	NA	1.42	1.58
Net Profit Margin (PBT/Sales)	(%)	24.27	2.23	2.24
Return on Total Assets (PBT/Total Assets}	(%)	33.60	3.18	3.48
Return on Investment (ROI) (PBT/Networth)		0.73	0.08	0.10
Debt Equity Ratio (Total Debt/Networth)		0.64	1.01	1.37
Current Ratio (Current Asset/Current Liability)		2.75	4.11	4.49

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

OPERATIONS

The Company has achieved an Operating income of Rs. 2497.000 Millions during the year compared to Rs. 2015.000 Millions in the previous year. The company has earned a profit of Rs. 612.656 Millions after providing Rs. 18.638 Millions for depreciation

Bankers Charges Report as per Registry

Corporate identity number (CIN) or foreign company registration number of the company	U18209TN1977PTC007377
Name of the company	A V THOMAS LEATHER AND ALLIED PRODUCTS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	22, Marshalls Road, Egmore, Chennai – 600 008, Tamilnadu, India Email-id:- avt@avtleather.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	90290335
Type of charge	Book debts Movable property (not being pledge) Others (Unencumbered Fixed Assets)
Particular of charge holder	State Bank of India, No.232 NSC Bose Road, Chennai – 600001, Tamil Nadu, India Email-id:- kalyanram.srinivasan@sbi.co.in
Nature of instrument creating charge	New Agreements Executed. 1. Agreement of Loan for Overall Limit Form C1. 2. Agreement of Hypothecation of Goods and Assets Form C2. 3. Letter Regarding the Grant of Individual Limits within the Overall Limit Form C5. 4. Link Letter.
Date of instrument Creating the charge	12.12.2012
Amount secured by the charge	Rs. 690.400 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest As Stipulated by the Bank from time to time. Terms of Repayment As Stipulated by the Bank from time to time. Margin As Stipulated by the Bank from time to time. Extent and Operation of the charge As Stipulated by the Bank from time to time. Others Facilities (Rs. In Millions) EPC/PCFC 250.000 FBD (Non LC) 190.000 Letter of Credit 115.000 Stand by Limit 110.000 Forward Contract Credit Exposure Limit ($) 25.400 Total 690.400 * 75% Interchangeability between EPC/PCFC and FBD (Non LC) Permitted. $ CEL if the Exposure against which forward contracts can be booked up to Rs.1250.000 millions with maturities upto one year.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	(i) Hypothecation of Raw Materials, Stock in Process, Finished Goods, Stores, Spares and Other Current Assets on Pari-passu Basis with Indian Bank and Citi Bank. (ii) Export Orders/ Confirmed LCs. (iii) Bills along with Shipping Documents under process of realization. (iv) Extension of Charge on the Current Assets of the Company on Pari-passu Basis with Indian Bank and Citi Bank. (v) Extension of 1st Charge over Unencumbered Plant & Machinery on Pari-passu Basis with Indian Bank and Citi Bank.
Date of instrument modifying the charge	25.11.2011
Particulars of the present modification	By the present modification, the credit facilities extended to the company has now been enhanced from Rs.421.400 millions to Rs.690.400 millions by obtaining form c1, c2, and linking letter and secured by company current assets and unencumbered plant and machinery on pari-passu basis with Indian bank and Citi bank more fully described.

FIXED ASSETS

• Building
• Plant and Machinery
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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. 55.61
UK Pound	1	Rs. 83.98
Euro	1	Rs. 71.94

INFORMATION DETAILS

Report Prepared by :

DPH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	5
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	5
--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.