MIRA INFORM REPORT

Report Date :

04.10.2013

IDENTIFICATION DETAILS

Name :	DAMAN POLYTHREAD LIMITED (w.e.f 11.01.2012)
Formerly Known As :	DAMAN POLYTHREAD PRIVATE LIMITED
Registered Office :	Plot No.732/ 736, Opposite Ringanwada Government School, Dabhel, Nani Daman – 396210, Union Territory
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	01.11.1999
Com. Reg. No.:	11-004750
Capital Investment / Paid-up Capital :	Rs.20.365 Millions
CIN No.: [Company Identification No.]	U17231DD1999PLC004705
TAN No.: [Tax Deduction & Collection Account No.]	MUMD12902B
PAN No.: [Permanent Account No.]	AABCD0702E
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer and Exporter of High Tenacity (HT), Polypropylene Multifilament (PPMF), Industrial Yarns and Narrow Woven Fabric (NWF)
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (42)

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

Maximum Credit Limit :	USD 340000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Exist
Comments :	Subject is an established company having satisfactory track record. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct 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 – 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

We are living in a world where volatility and uncertainty have become the New Normal. We saw a change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once powerful countries in Europe are now fighting for bankruptcy. We have taken growth in the developing part of the world for granted but economic growth in China and India has begun to slow. Companies that were synonymous with their product categories just a few years ago are now no longer in existence. Kodak, the inventor of the digital camera had to wind up its operations, HMV, the British entertainment retailing company and Borders, once the second largest bookstore have shut down due to their inability to evolve their business models with the changing time. Readers’ Digest, Thomson Register are no more !

There is another megatrend happening. The World order is changing as economic power shifts from West to East. According to McKinsey study, it took Britain more than 100 years to double its economic output per person during its industrial revolution and the US later took more than 50 years to do the same. More than a century later, China and India have doubled their GDP per capital in 12 and 18 years respectively. By 2020, emerging Asia will become the world’s largest consuming block, overtaking North America.

The years after the outbreak of the global financial crisis, the world economy continues to remain fragile. The Indian economy demonstrated remarkable resilience in the initial years of the contagion but finally lost ground last year. GDP growth slowed down. Currency has been weakening. There is a marked deceleration in agriculture, industry and services. Dampening sentiment led to a cut-back in investment as well as private consumption expenditure.  Inflation remained at high levels fuelled by the pressure from the food and fuel sectors. The large fiscal and current account deficit s continued to cause grave concern. It is imperative that India regains its growth trajectory of 8-9 % sooner than later. This is crucially important given the need to create gainful livelihood opportunities for the millions living in poverty as also the large contingent of young people joining the job market every year.

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	Term Loan = BB+
Rating Explanation	Moderate risk of default
Date	08.01.2013

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.

INFORMATION DECLINED BY

Name :	Mr. Arshad Kudia
Designation :	Finances Manager
Contact No.:	91-22-23428993 / 23428720
Date :	04.10.2013

LOCATIONS

Registered Office :	Plot No.732/ 736, Opposite Ringanwada Government School, Dabhel, Nani Daman – 396 210, Union Territory, India
Tel. No.:	91-260-3201110
Mobile No.:	91-9870634528 (Mr. Naresh)
Fax No.:	91-260-2240208
E-Mail :	sales@damanpolythread.com info@damanpolythread.com accountsmumbai@damanpolythread.com adminmum@damanpolythread.com
Website :	http://www.damanpolythread.com
Area :	2000 sq ft (Approximately)
Location :	Owned
Corporate Office :	5, Mirza Street, A.R. Street, 1^st Floor, Mumbai – 400 003, Maharashtra, India
Tel. No.:	91-22-23428993/ 32628993/ 23428720
Fax No.:	91-22-23428146

DIRECTORS

As on 29.09.2012

Name :

Mr. Mansoor Haroon Kudia

Designation :

Director

Address :

Flat No. 7, 3rd Floor, Zaveri Mansion, Gell Street, Agripada, Mumbai – 400011, Maharashtra, India

Date of Birth/Age :

05.04.1953

Date of Appointment :

11.08.2001

DIN No.:

00041567

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	U25209MH1989PTC053369	SAHIL PLASTIC PRIVATE LIMITED	Managing director	01-04-10	08-09-89	-	Active	NO
2	U26920MH1986PLC040931	HUMA POLY PLAST LIMITED	Managing director	05-12-10	05-12-95	-	Active	NO
3	U74999MH1993PTC075288	NOORI BARKATI ESTATES PRIVATE LIMITED	Director	09-02-98	09-02-98	-	Active	NO
4	U17231DD1999PLC004705	DAMAN POLYTHREAD LIMITED	Director	11-08-01	11-08-01	-	Active	NO

Name :

Mr. Sadik Toufik Kudia

Designation :

Whole-time director

Address :

Dastgir House, Maratha Mandir Marg, Club Back Road, 1st Floor, Mumbai – 400003, Maharashtra, India

Date of Birth/Age :

30.07.1975

Date of Appointment :

01.11.1999

DIN No.:

00041549

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	U17231DD1999PLC004705	DAMAN POLYTHREAD LIMITED	Whole-time director	01-11-99	01-11-99	-	Active	NO
2	U26920MH1986PLC040931	HUMA POLY PLAST LIMITED	Whole-time director	01-04-10	30-09-02	-	Active	NO

Name :

Mr. Mustafa Mansoor Kudia

Designation :

Managing director

Address :

Flat No. 7, 3rd Floor, Zaveri Mansion, Gell Street, Agripada, Mumbai – 400011, Maharashtra, India

Date of Birth/Age :

28.10.1978

Date of Appointment :

01.04.2010

DIN No.:

00041396

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	U17231DD1999PLC004705	DAMAN POLYTHREAD LIMITED	Managing director	01-04-10	23-05-00	-	Active	NO
2	U74999MH1993PTC075288	NOORI BARKATI ESTATES PRIVATE LIMITED	Director	28-09-12	24-05-12	-	Active	NO

Name :

Mr. Zaid Toufik Kudia

Designation :

Whole-time director

Address :

Dastigir House, Flat No.3, 1st Floor, Maratha Mandir Marg Mumbai – 400008, Maharashtra, India

Date of Birth/Age :

10.05.1982

Date of Appointment :

01.02.2004

DIN No.:

00041526

Name :

Mr. Ujjair Rafik Kudia

Designation :

Whole-time director

Address :

4, Siraj Manzil, 1st Floor, Mumbai – 400008, Maharashtra, India

Date of Birth/Age :

28.11.1981

Date of Appointment :

01.02.2004

DIN No.:

00041495

Name :

Mr. Mujammil Mansoor Kudia

Designation :

Whole-time director

Address :

Zaveri Mansion, Flat No. 7, 3rd Floor, Gell Street, Mumbai – 400011, Maharashtra, India

Date of Birth/Age :

17.02.1981

Qualification :

Engineer

Date of Appointment :

01.02.2009

DIN No.:

00041448

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	U17231DD1999PLC004705	DAMAN POLYTHREAD LIMITED	Whole-time director	01-02-09	01-02-04	-	Active	NO
2	U74999MH1993PTC075288	NOORI BARKATI ESTATES PRIVATE LIMITED	Director	28-09-12	24-05-12	-	Active	NO

Name :

Mr. Imran Haroon Kudia

Designation :

Whole-time director

Address :

107, Hasham Building, 4th Floor, Mohammedali Road, Mumbai – 400003, Maharashtra, India

Date of Birth/Age :

16.02.1970

Date of Appointment :

17.03.2006

DIN No.:

00108370

Name :

Mr. Mohammed Maaz Mansoor Kudia

Designation :

Whole-time director

Address :

Zaveri Mansion, 3^rd Floor, Flat No.7, 2^nd Motlibai Street, Agripada, Mumbai – 400 011, Maharashtra, India

Date of Birth/Age :

22.10.1986

Date of Appointment :

01.01.2008

DIN No.:

02027578

Name :

Mr. Shabbir Abdul Latif Surti

Designation :

Director

Address :

407, 4TH Floor, Kohinoor Apartment,, Station Road, Jogeshwari (West), Mumbai – 400 102, Maharashtra, India

Date of Birth/Age :

27.05.1962

Date of Appointment :

01.09.2009

DIN No.:

00108299

Name :

Mr. Mohammed Iqbal Ebrahim Esani

Designation :

Director

Address :

8/B/208, Kapadia Nagar, CST Road, Kurla (West), Mumbai – 400070, Maharashtra, India

Date of Birth/Age :

01.01.1954

Date of Appointment :

01.09.2009

DIN No.:

03111934

Name :

Mr. Haroon Gaffar Gaziani

Designation :

Director

Address :

Flat No 701, 7th floor, Patel Apartments Chambers Limited 'D' Wing 233/234 M A Road, Nagpada Junction, Mumbai – 400008, Maharashtra, India

Date of Birth/Age :

01.01.1947

Date of Appointment :

01.09.2009

DIN No.:

03180249

KEY EXECUTIVES

Name :	Mr. Arshad Kudia
Designation :	Finances Manager
Name :	Jagdish Patel and Company
Designation :	Company Secretaries
Address :	202, Prem Kuti CHS Limited, Prem Nagar, Near MCF Udyan, Borilvali (West), Mumbai – 30675215, Maharashtra, India
Tel. No.:	91-22-28940483 / 30675215

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2012

Names of Shareholders (Equity Shares)	No. of Shares
Kudia Toufik Sadik	45600
Kudia Haroon Mansoor	73100
Kudia Mansoor Mustafa	125500
Kudia Haroon Javeed	55100
Kudia Haroon Rafik	51000
Kudia Taufik Junaid	48500
Kudia Mansoor Munira	119500
Kudia Haroon Toufik	112000
Kudia Toufik Yasmin	57500
Kudia Junaid Mehzabeen	16500
Kudia Rafik Ujjair	16000
Kudia Sadik Talat	18500
Kudia Faizal Gazala	73000
Kudia Mustufa Saba	5500
Kudia Haroon Asma	23500
Kudia Haroon Jamila	15500
Kapadia Faizal Munessira	2500
Kudia Toufik Zaid	4000
Kudia Rafiq Saira	2500
Kudia Farook Perveen	12500
Nursumar Javed Gulbanoo	7500
Kudia Haron Farook	44500
Kudia Mansoor Mujjamil	48000
Kudia Harron Rafik and Surti Karin Rauf and Kudia Haroon Mansoor	20000
Huma Poly Plast Limited, India	175000
Surti Ahmed Afzal	20000
Kapadia G. Saddiq	10000
Shaikh Juben	25000
Kudia Mansoor Moh. Mazz	22500
Total	1250300

Names of Shareholders (Redeemable Preference Shares)	No. of Shares
Surti Afzal Ahmed	8300
Surti Shakell Ahmed	1333
Surti Kafeel Ahemed	1333
Surti Mustafa Ahemed	1333
Nursumar Javeed Gulbano	3165
Taban Haroon Jamila	1865
Kudia Haroon Javed	3333
Kudia Mansoor Munira	2830
Kudia Javed Rubina	2663
Kudia Imran Soiba	2163
Kudia Fazal Gazala	3998
Kudia Rafik Saira	1166
Kudia Haroon Asma	1333
Jain Shobhagmal Ashok	1000
Kapadia Faizal Mubessira	1665
Kudia Farook Parveen	333
Kudia Mustafa Naseem	1331
Sheikha Rafik Farida	833
Surti Mansoor Mustafa	4000
Shaikh Juben	333
Kudia Mujammil Mahenoor	3350
Kudia Ujjjair Sana	3350
Kudia Mustafa Safiya	3350
Kudia Rafik Uzair	5365
Kudia Mansoor Moh. Maaz	11833
Kudia Haroon Mansoor	3066
Kudia Zaid	4000
Total	78624

As on 29.09.2012

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	14.00
Directors or relatives of Directors	86.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of High Tenacity (HT), Polypropylene Multifilament (PPMF), Industrial Yarns and Narrow Woven Fabric (NWF)
Products :	Multifilament Yarn

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

• Bank of Baroda, Mangaldas Market, Mumbai Branch, Mumbai – 400 002, Maharashtra, India
• HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2012	As on 31.03.2011
Long Term Borrowing
Term Loans form Bank	5.635	10.615
Short Term Borrowing
Form Bank-cash Credit	13.514	24.888
From Financial Institution and Others	0.117	0.336
Total	19.266	35.839

Banking Relations :	---
Auditors :
Name :	M.A. Parekh and Associates Chartered Accountants
Address :	543, Kalbadevi Road, Ravindra House, 2^nd Floor, Near Metro, Mumbai – 400 002, Maharashtra, India
Tel. No.:	91-22-22073701
E-Mail :	ca.maprekh@gmail.com
PAN No.:	AACPP6839J
Associates :	Sahil Plastic Private Limited, Mumbai Asma Stores Plastics Cottage Indus Humia Polyplast Limited

CAPITAL STRUCTURE

As on 29.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
1500000	Equity Shares	Rs.10/- each	Rs.15.000 Millions
100000	Redeemable Preference Share	Rs.100/- each	Rs.10.000 Millions
	TOTAL		Rs.25.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1250300	Equity Shares	Rs.10/- each	12.503 Millions
78624	Redeemable Preference Share	Rs.100/- each	7.862 Millions
	TOTAL		Rs.20.365 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	20.365	20.365
(b) Reserves & Surplus	66.956	57.582
(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)	87.321	77.947
(3) Non-Current Liabilities
(a) long-term borrowings	31.203	22.403
(b) Deferred tax liabilities (Net)	0.000	0.002
(c) Other long term liabilities	0.260	0.260
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	31.463	22.665
(4) Current Liabilities
(a) Short term borrowings	68.084	57.747
(b) Trade payables	18.875	23.964
(c) Other current liabilities	12.460	24.867
(d) Short-term provisions	12.588	12.092
Total Current Liabilities (4)	112.007	118.670
TOTAL	230.791	219.282
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	104.148	100.792
(ii) Intangible Assets	0.215	0.328
(iii) Capital work-in-progress	0.000	2.595
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.586	0.000
(d) Long-term Loan and Advances	0.224	0.098
(e) Other Non-current assets	1.027	1.149
Total Non-Current Assets	106.200	104.962
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	30.284	34.578
(c) Trade receivables	50.838	57.723
(d) Cash and cash equivalents	20.554	1.873
(e) Short-term loans and advances	22.703	20.146
(f) Other current assets	0.212	0.000
Total Current Assets	124.591	114.320
TOTAL	230.791	219.282

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		20.365
2] Share Application Money		0.000
3] Reserves & Surplus		46.230
4] (Accumulated Losses)		0.000
NETWORTH		66.595
LOAN FUNDS
1] Secured Loans		61.662
2] Unsecured Loans		11.638
TOTAL BORROWING		73.300
DEFERRED TAX LIABILITIES		0.000
TOTAL		139.895
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		67.748
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERREX TAX ASSETS		1.407
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	16.840
	Sundry Debtors	48.624
	Cash & Bank Balances	20.504
	Other Current Assets	0.000
	Loans & Advances	21.349
Total Current Assets		107.317
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	21.115
	Other Current Liabilities	9.012
	Provisions	6.450
Total Current Liabilities		36.577
Net Current Assets		70.740
MISCELLANEOUS EXPENSES		0.000
TOTAL		139.895

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	532.456	455.339	301.878
		Other Income	0.261	0.050	0.728
		TOTAL (A)	532.717	455.389	302.606
Less	EXPENSES
		Cost of Material Consumed	384.512	339.866
		Change in inventory of FG, WIP and stock in trade	(5.296)	(1.263)	266.201
		Employee benefits expenses	35.007	26.403
		Others expenses	70.882	48.826
		TOTAL (B)	485.105	413.832	266.201
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		47.612	41.557	36.405
Less	FINANCIAL EXPENSES (D)		10.576	8.413	6.131
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		37.036	33.144	30.274
Less/ Add	DEPRECIATION/ AMORTISATION (F)		20.784	13.818	14.318
	PROFIT BEFORE TAX (E-F) (G)		16.252	19.326	15.956
Less	TAX (H)		5.465	6.563	6.450
	PROFIT AFTER TAX (G-H) (I)		10.787	12.763	9.506
	EARNINGS IN FOREIGN CURRENCY		0.000	0.001	0.688
	Earnings Per Share (Rs.)		8.62	10.21	13.00

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	2.02	2.80	3.14
Net Profit Margin (PBT/Sales)	(%)	3.05	4.24	5.29
Return on Total Assets (PBT/Total Assets}	(%)	7.06	8.92	9.11
Return on Investment (ROI) (PBT/Networth)		0.19	0.25	0.24
Debt Equity Ratio (Total Debt /Networth)		1.14	1.03	1.10
Current Ratio (Current Asset/Current Liability)		1.11	0.96	2.93

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	Yes
10]	Designation of contact person	Yes
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	Yes
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	Yes

LITIGATIONS DETAILS

HIGH COURT OF GUJARAT

TAX APPEAL No. 1729 of 2008

Status : PENDING Converted from : ST/3605/2008 CCIN No : 001092200801729

Last Listing Date: 20/11/2009

Coram

· HONOURABLE THE CHIEF JUSTICE MR. K.S.RADHAKRISHNAN

· HONOURABLE MR.JUSTICE C.K.BUCH

S.NO.	Name of the Petitioner	Advocate On Record
1	COMMISSIONER OF INCOME TAX	MR SUDHIR M MEHTA for: Appellant(s) 1

S.NO.	Name of the Respondant	Advocate On Record
1	DAMAN POLYTHREAD LIMITED	MR SN DIVATIA for :Opponent(s) 1

Presented On	: 14/11/2008	Registered On	: 14/11/2008
Bench Category	: DIVISION BENCH	District	: VALSAD
Case Originated From	: THROUGH ADVOCATE	Listed	: 1 times
StageName	: FOR FINAL HEARING - TAX MATTERS
Act	INCOME-TAX ACT, 1961

OFFICE DETAILS

S. No.	Filing Date	Document Name	Advocate Name	Court Fee on Document	Document Details
1	15/08/2008	VAKALATNAMA	MR SN DIVATIA ADVOCATE for RESPONDENT(s) 1	-	MR SN DIVATIA:1
2	15/08/2008	VAKALATNAMA	MR SUDHIR M MEHTA ADVOCATE for PETITIONER(s) 1	-	MR SUDHIR M MEHTA:1
3	01/09/2009	VAKALATNAMA	MR SN DIVATIA ADVOCATE for RESPONDENT(s) 1	5	MR SN DIVATIA:1
4	05/05/2012	APPEARANCE NOTE	MR SUDHIR M MEHTA ADVOCATE for PETITIONER(s) 1	-	MR SUDHIR M MEHTA:1

COURT PROCEEDINGS

S. No.	Notified Date	CourtCode	Board Sr. No.	Stage	Action	Coram
1	20/11/2009	1	-	FOR FINAL HEARING - TAX MATTERS	RULE/ADMIT	HONOURABLE THE CHIEF JUSTICE MR. K.S.RADHAKRISHNAN HONOURABLE MR.JUSTICE C.K.BUCH

AVAILABLE ORDERS

S. No.	Case Details	Judge Name	Order Date	CAV	Judgment/Order	Download
1	TAX APPEAL/1729/2008	HONOURABLE THE CHIEF JUSTICE MR. K.S.RADHAKRISHNAN HONOURABLE MR.JUSTICE AKIL KURESHI	04/05/2009	N	ORDER	Download

CERTIFIED COPY

S. No.	ApplicantName	ApplicationType	Application Date	UOL Number	Order Date	Notify Date	Delivery Date	Status	Nature Of Document
1	MRS MAUNA M BHATT	ORDINARY	05/05/2009	O/14536/2009	04/05/2009	01/07/2009	02/07/2009	Delivered	-

Note: The registered office address has been changed from 5, Mirza Street, A.R.Street,1st Floor, Mumbai – 400003, Maharashtra, India to Present Address w.e.f 18.01.2012

OPERATION:-

The turnover during the year has increased to Rs. 532.717 Millions from Rs. 455.389 Millions as compared to last year including other income. The profit before tax is Rs. 16.252 Millions. The Company is looking forward for better prospect in coming years.

UNSECURED LOAN

Rs. In Millions

Particular	As on 31.03.2012	As on 31.03.2011
Long Term Borrowing
Other Loan from Director	14.163	11.788
Deposits form Others	11.405	0.000
Short Term Borrowing
Form Bank Buyers credits	54.453	32.523
Total	80.021	44.311

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10442844	27/06/2013	144,760,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B82018441
2	80010843	29/12/2012 *	146,450,000.00	BANK OF BARODA	MANGALDAS MARKET BRANCH,, 375/382, KITCHEN GARDEN  LANE, 1ST FLOOR,, MUMBAI, MAHARASHTRA - 400002, INDIA	B68811280

* Date of charge modification

FIXED ASSETS

• Factory Building
• Factory Land
• Plant and Machinery
• Furniture and Fixtures
• Office Equipments
• Air Conditioner
• Electrical Installations
• D.G. Set
• Borewell
• Fridge
• Television
• Honda City
• Indica Car
• Mobile Set
• Maruti Swift
• Motor Cycle

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.61.93
UK Pound	1	Rs.100.44
Euro	1	Rs.84.24

INFORMATION DETAILS

Information Gathered by :	PDT
Report Prepared by :	NTH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	4
--CREDIT LINES	1~10	4
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--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		42

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.