MIRA INFORM REPORT

Report Date :

06.11.2013

IDENTIFICATION DETAILS

Name :	ANMOL POLYMERS PRIVATE LIMITED
Registered Office :	1014, Tower T-2, Pearl Omaxe Tower, Netaji Subhash Place, Pitampura, Delhi – 110034
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	06.05.1991
Com. Reg. No.:	55-044225
Capital Investment / Paid-up Capital :	Rs.0.297 Million
CIN No.: [Company Identification No.]	U74899DL1991PTC044225
TAN No.: [Tax Deduction & Collection Account No.]	DELA12764D DELA08701A
PAN No.: [Permanent Account No.]	AAACA0870F
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturing of various types of Speciality Chemical FPRs Pulp and Papers Mills including Coaters.
No. of Employees :	60 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

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

Maximum Credit Limit :	USD 1210000
Status :	Satisfactory
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. There appears dip in profit of the company in 2012. However, liquidity position of the company appears to be good. Trade relation reported to be fair. Business is active. Payment terms are reported to be regular and as per commitment. The company can be considered for business dealings at usual trade terms and conditions.

NOTES :

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

ECGC Country Risk Classification List – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
India	A1	A1

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

INDIAN ECONOMIC OVERVIEW

India’s current account deficit or CAD in April-June widened to 4.9 % of gross domestic product. High imports of gold and oil led to a worsening of the trade deficit, resulting in CAD jumping to $ 21.8 billion to the latest quarter from $ 16.9 billion in the corresponding quarter of the previous financial year. The government aims to bring down CAD to 3.7 % or $ 70 billion, in 2013/14, from 4.8 % or $ 88.2 billion in 2012/13.

The finance ministry has started preparations for Budget 2014/15. With general elections scheduled to be held by May next year, there will only be an interim budget. The new government will present the fiscal Budget.

The Supreme Court has barred clinical trials for new drugs till a monitoring mechanism is put in place to protect the lives of people on which the drugs are tested.

Mumbai has been named the world’s second most honest city according to a survey on 15 cities worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top spot for the world’s most honest city while Lisbon, the capital of Portugal, proved to be the least honest.  The survey put hundreds of people to test in four continents to find out just how honest they were by dropping wallets and seeing how many would be returned.

3.7 % Growth of the core sector in August, a seven month high. This takes the overall growth in April-August this year to 2.3 % compared with 6.3 % in the corresponding period next financial year.

$19 million Estimated average spending by companies across the globe including India, on social media this year, according to a global study by information technology major Tata Consultancy Services. This will rise to $ 24 million in 2015.

Rising inflation, fewer employment avenues and dwindling earnings are taking a toll on the spending capacity in India. Over 72 % respondents from middle and lower middle income families would be forced to slash their Diwali expenditure by 40 % and on average spend nearly 25 % of their monthly salary on Diwali, according to a survey by Assochem.

Analysts believe the shutdown of the US government would have limited impact in sectors such as IT or tourism that are dependent on Visa clearances

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. Jananpal Sharma
Designation :	Account Executive
Contact No.:	91-11-47335500
Date :	14.10.2013

LOCATIONS

Registered Office :	1014, Tower T-2, Pearl Omaxe Tower, Netaji Subhash Place, Pitampura, Delhi – 110034, India
Tel. No.:	91-11-47335500/ 27357073/ 27357075/ 42470152
Fax No.:	91-11-42470152/ 47335506
E-Mail :	hpsharma1967@gmail.com info@anmolpolymers.com sales@anmolpolymers.com vermavipin@yahoo.com snvcas@gmail.com
Website :	http://www.anmolpolymers.com
Factory :	Located At: Himachal Pradesh

DIRECTORS

As on: 29.09.2012

Name :

Mr. Arvind Kumar Sharma

Designation :

Director

Address :

20-21, Saket Kunj, Plot No.8, Sector -9, Rohini, Delhi – 110085, India

Date of Birth/Age :

02.05.1958

Date of Appointment :

06.05.1991

DIN No.:

00030604

Name :

Mr. Anurag Sharma

Designation :

Director

Address :

201, Plot No.13/1, Bhagirath Apartment, Sector 9, Rohini, Delhi – 110085, India

Date of Birth/Age :

09.10.1962

Date of Appointment :

06.05.1991

DIN No.:

00030675

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	U74899DL1991PTC044225	ANMOL POLYMERS PRIVATE LIMITED	Director	06/05/1991	06/05/1991	-	Active	NO
2	U74140DL2012PTC232559	PAPIER ENGINEERS PRIVATE LIMITED	Director	09/03/2012	09/03/2012	02/08/2012	Active	NO

Name :

Mr. Sanjeev Kumar Sharma

Designation :

Director

Address :

Hospital Round, C/O Khillan Estate, Nahan, Kalaamb – 173030, Himachal Pradesh, India

Date of Birth/Age :

30.06.1969

Date of Appointment :

01.06.2008

DIN No.:

02180560

Name :

Mr. Rajeev Kumar Sharma

Designation :

Director

Address :

Plot No.8, 20 Saket Kunj, Sector -9, Rohini, Delhi – 110085, India

Date of Birth/Age :

30.05.1971

Date of Appointment :

01.06.2008

DIN No.:

02149373

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 29.09.2012

Names of Shareholders	No. of Shares
Arvind Kumar Sharma	650
Anurag Sharma	450
Anju Sharma	550
Poonam Sharma	500
Rajeev Kumar Sharma	250
K K Sharma	250
Priyanka Sharma	125
Sanjeev Kumar Sharma	200
Total	2975

As on: 29.09.2012

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing of various types of Speciality Chemical FPRs Pulp and Papers Mills including Coaters.

Products :

Products Description	Item Code No.
Rosin and Resin	380620
Poly Vinyl Alcohol	390530

Exports :

Products :

Finished Goods

Countries :

• Ethiopia
• Kenya
• Philippines

Imports :

Products :

Raw Material

Countries :

• Korea
• China
• USA

Terms :

Selling :

L/C and Credit

Purchasing :

L/C and Credit

GENERAL INFORMATION

Customers :

End Users

No. of Employees :

60 (Approximately)

Bankers :

· Punjab National Bank, Pitampura Branch, Abhay Khoat-14, Pitampura, New Delhi – 110088, India

· Union Bank of India, B -5, Model Town, Phase – II, Delhi, India

· State Bank of India

· Citi Bank

· ICICI Bank

· Axis Bank, Pitampura, New Delhi India

Tel No. : 91-11-27312069

Facilities :

Secured Loan	31.03.2012 [Rs. in Millions]	31.03.2011 [Rs. in Millions]
Long Term Borrowing
Term loans from other parties
Auto Loan – TATA Capital	0.000	0.157
Short Term Borrowing
Loans repayable on demand
From Bank
State Bank of India	1.937	2.791
Punjab National Bank A/c No 1186	18.648	0.000
Total	20.585	2.948

Banking Relations :	--
Auditors :
Name :	S. N. Verma and Company Chartered Accountants
Address :	B-8, Model Town – II, Delhi – 110009, India
Tel No.:	91-11-27218127/ 27435630
PAN No.:	AACFS6716K

CAPITAL STRUCTURE

As on: 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
20000	Equity Shares	Rs.100/- each	Rs.2.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2975	Equity Shares	Rs.100/- each	Rs.0.297 Million

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	0.297	0.297
(b) Reserves & Surplus	303.040	298.047
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	1.102	1.103
Total Shareholders’ Funds (1) + (2)	304.439	299.447
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.157
(b) Deferred tax liabilities (Net)	0.169	0.273
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	0.169	0.430
(4) Current Liabilities
(a) Short term borrowings	58.274	55.625
(b) Trade payables	20.894	26.101
(c) Other current liabilities	2.085	1.830
(d) Short-term provisions	1.380	3.986
Total Current Liabilities (4)	82.633	87.542
TOTAL	387.241	387.419
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	19.759	23.469
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	1.198	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	243.860	240.761
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	4.631	6.369
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	269.448	270.599
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	23.872	20.509
(c) Trade receivables	64.288	64.869
(d) Cash and cash equivalents	8.629	11.753
(e) Short-term loans and advances	21.004	19.689
(f) Other current assets	0.000	0.000
Total Current Assets	117.793	116.820
TOTAL	387.241	387.419

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		1.400
2] Share Application Money		0.000
3] Reserves & Surplus		284.695
4] (Accumulated Losses)		0.000
NETWORTH		286.095
LOAN FUNDS
1] Secured Loans		1.544
2] Unsecured Loans		51.088
TOTAL BORROWING		52.632
DEFERRED TAX LIABILITIES		0.204
TOTAL		338.931
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		17.355
Capital work-in-progress		0.000
INVESTMENT		219.376
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	18.408
	Sundry Debtors	67.351
	Cash & Bank Balances	15.063
	Other Current Assets	0.000
	Loans & Advances	30.098
Total Current Assets		130.920
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	20.786
	Other Current Liabilities	2.177
	Provisions	5.757
Total Current Liabilities		28.720
Net Current Assets		102.200
MISCELLANEOUS EXPENSES		0.000
TOTAL		338.931

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income
		Other Income
		TOTAL	168.061	172.665	173.253
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL	158.348	150.193	138.378
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		9.713	22.472	34.875
Less/ Add	DEPRECIATION/ AMORTISATION		2.438	2.436	2.458
	PROFIT BEFORE TAX		7.275	20.036	32.417
Less	TAX		2.386	6.541	5.757
	PROFIT AFTER TAX		4.889	13.495	26.660
	Earnings Per Share (Rs.)		1643.36	5246	8961.34

Particulars	31.03.2013
Sales Turnover (Approximately)	190.000

The above information has been parted by Mr. Jananpal Sharma

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	2.91	7.81	15.39
Return on Total Assets (PBT/Total Assets}	(%)	5.12	13.66	17.98
Return on Investment (ROI) (PBT/Networth)		0.02	0.07	0.11
Debt Equity Ratio (Total Debt /Networth)		0.19	0.19	0.18
Current Ratio (Current Asset/Current Liability)		1.42	1.33	4.56

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 last four 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	Yes
20]	Export / Import details (if applicable)	Yes
21]	Market information	----------------------
22]	Litigations that the firm / promoter involved in	----------------------
23]	Banking Details	Yes
24]	Banking facility details	No
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:

The Registered Office of the company has been shifted from 1003, GD-ITL Tower, Netaji Subhah Place, Ring Road, Pitmpura, Delhi- 110034, India, to the present address w.e.f. 01.09.2011.

UNSECURED LOAN:

Particulars	31.03.2012 [Rs. in Millions]	31.03.2011 [Rs. in Millions]
Short Term Borrowing
Loan and advance from related parties	37.689	52.834
Total	37.689	52.834

INDEX CHARGES:

No Charges Exist for Company

FIXED ASSETS:

· Plant and Machinery

· Maruti Esteem

· Office Equipment

· Typewriter

· Invertors

· Furniture and Fixtures

· Computers

· Flat

· Air Conditioner

· Cycle

· Lab Equipment

· Land

· Scooter

· Mobile Phone

· Fan

· Plot

· Building

· Weighing Machine

· Generator

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.61.79
UK Pound	1	Rs.98.66
Euro	1	Rs.83.42

INFORMATION DETAILS

Information Gathered by :	PLK
Report Prepared by :	ANK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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		50

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.