MIRA INFORM REPORT

Report Date :

15.10.2013

IDENTIFICATION DETAILS

Name :	ROHA DYE CHEM PRIVATE LIMITED
Registered Office :	12, Abhishek Samuel Street, Vadgadi, Mumbai - 400 003, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	11.08.1972
Com. Reg. No.:	11-015941
Capital Investment / Paid-up Capital :	Rs. 24.500 Millions
CIN No.: [Company Identification No.]	U24100MH1972PTC015941
TAN No.: [Tax Deduction & Collection Account No.]	MUMR14793C
PAN No.: [Permanent Account No.]	AAACR4974P
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of food colours, dyes and intermediates etc
No. of Employees :	500 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (49)

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

Maximum Credit Limit :	USD 11000000
Status :	Satisfactory
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established company having a satisfactory track record. The latest financials of 2012 are not available with us. The company has seen a drastic dip in its sales turnover, but the profit margin appears to be good during 2013. The ratings also take into consideration the higher than expected debt levels over the medium term and the large debt funded capital expenditure plans in its solar power segment. However, trade relations are fair. Business is active. Payment terms are reported as regular. In view of established market position and strong operational capabilities in the food colours business and the sound operating performance of its solar power segment, the subject can be considered normal for business dealings at usual trade terms and conditions. Note: The financials of 2012 and 2013 are taken form indirect source i.e. CRISIL

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	CRISIL
Rating	Long Term Rating = BBB+
Rating Explanation	Moderate degree of safety and moderate credit risk
Date	12.09.2013

Rating Agency Name	CRISIL
Rating	Short Term Rating = A2
Rating Explanation	Strong degree of safety and low credit risk
Date	12.09.2013

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 PARTED BY

Name :	Mr. Deepak
Designation :	Finance Manager
Contact No.:	91-22-28271933
Date :	11.10.2013

LOCATIONS

Registered Office :	12, Abhishek Samuel Street, Vadgadi, Mumbai-400 003, Maharashtra, India
Tel. No.:	91-22-28271933
Mobile No.:	91-9820207531 (Mr. Hasmukh Shah)
Fax No.:	91-22-28302531
E-Mail :	roha@bom3.vsnl.net.in carohitagarwal@yahoo.co.in roha@rohadyechem.com boision@vsnl.net chetan.sheth@rohagroup.com hasmukh.shah@rohagroup.com deepak.mandrenia@rohagroup.com
Website :	www.rohadyechem.com
Area :	1000 Sq. ft
Location :	Owned
Factory 1 :	MIDC, Plot No. 42, Dhatav, Roha – 402 116, Raigad, Maharashtra, India
Tel. No.:	91-22-28271933
Fax No.:	91-22-28302531/32
E-mail :	rohaindia@rohadyechem.com
Area:	125 sq. yard
Location :	Leased
Factory 2 / Corporate Office / Administrative Office :	Plot No. A/44-45, Road No. 2, MIDC, Andheri (East), Mumbai – 400 093, Maharashtra, India
Tel. No.:	91-22-40773333
Fax No.:	91-22-28302531/ 32
Area:	70000 sq. ft.
Location :	Leased
Regional Heads:	Located at: South Africa. Indonesia Italy China France Spain Mexico Philippines Russia Thailand UK USA Vietnam

DIRECTORS

As on 29.09.2012

Name :

Mr. Ramakant Jagdishprasad Tibrewala

Designation :

Chairman

Address :

603, Panchsheel Gokuldham, Goregaon (East), Mumbai – 400063, Maharashtra, India

Date of Birth/Age :

21.09.1956

Qualification :

B.Com

Date of Appointment :

06.08.1979

PAN No. :

ACDPT3596K

DIN No.:

01237898

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	U40300MH1972PTC015941	ROHA DYE CHEM PRIVATE LIMITED	Director	06-08-79	06-08-79	-	Active	NO
2	U74999MH1959PTC011463	STEINMETZ OVERSEAS PRIVATE LIMITED	Director	01-09-79	01-09-79	-	Active	NO
3	U17100MH1969PTC014416	JAGDISH TEXTILES PRIVATE LIMITED	Director	20-06-84	20-06-84	-	Active	NO
4	U01100MH1988PTC047034	JAGDISH FARMS PRIVATE LIMITED	Director	11-10-89	11-10-89	-	Active	NO
5	U65990MH1994PLC076830	ROHA LEASING AND FINANCING LIMITED	Director	28-02-94	28-02-94	-	Active	NO
6	U24239MH1988PTC048150	IDEAL CURES PRIVATE LIMITED	Director	20-07-94	20-07-94	-	Active	NO
7	U24112MH1996PTC099657	SAPIN CHEMICALS PRIVATE LIMITED	Director	15-07-96	15-07-96	-	Active	NO
8	U99999MH1994PLC082238	ROHA GLOBAL VENTURES LIMITED	Director	22-10-96	22-10-96	-	Active	NO
9	U99999MH1996PTC103439	ROHA NATURAL EXTRACTS PRIVATE LIMITED	Director	22-10-96	22-10-96	-	Active	NO
10	U24116MH1997PTC107008	RUJUTAA CHEMICALS PRIVATE LIMITED	Director	02-04-97	02-04-97	-	Strike off	NO
11	U67120MH1996PLC096977	WELLWORTH SHARE AND STOCK BROKING LIMITED	Director	31-08-98	31-08-98	-	Active	NO
12	U27109MH1972PTC015615	SHREE KAMAL ISPAT UDYOG PRIVATE LIMITED	Director	21-11-98	21-11-98	-	Active	NO
13	U72200MH1998PLC117274	RS GLOBAL INFOTECH LIMITED	Director	30-11-98	30-11-98	-	Active	NO
14	U72200MH1998PLC117545	ROHA INFOTECH LIMITED	Director	21-12-98	21-12-98	-	Active	NO
15	U25209DD1992PTC001310	ALLIED GLOBAL PLASTICS PRIVATE LIMITED	Director	30-03-99	30-03-99	29-09-08	Active	NO
16	U67120MH1999PTC119980	WELLWORTH COMMODITIES BROKING PRIVATE LIMITED	Director	21-05-99	21-05-99	-	Active	NO
17	U29199DL2004PTC128952	MR ORANCE JUICING SYSTEMS PRIVATE LIMITED	Director	30-05-06	30-05-06	05-09-08	Active	NO
18	U45201MH2006PTC162778	ROHA INFRASTRUCTURE DEVELOPERS PRIVATE LIMITED.	Director	22-06-06	22-06-06	01-02-11	Active	NO
19	U15419KA2006PTC041294	JUICES N SNACKS INDIA PRIVATE LIMITED	Director	27-12-06	27-12-06	27-02-09	Under Process of Striking off	NO
20	U70101MH2005PTC158473	STATFORD DEVELOPERS PRIVATE LIMITED	Additional director	05-08-09	05-08-09	-	Active	NO
21	U74990MH2009PTC196665	WISDOM WELLNESS PRIVATE LIMITED	Director	30-09-10	02-12-09	-	Active	NO
22	U15419TN1995PTC032799	INDRAS AGENCIES PRIVATE LIMITED	Director	24-12-10	24-12-09	16-04-13	Active	NO
23	U24297MH2010PTC204395	ROHA DYECHEM SEZ PRIVATE LIMITED	Director	17-06-10	17-06-10	-	Active	NO
24	U40105MH2010PTC209822	ROHA ENERGY PRIVATE LIMITED	Director	04-11-10	04-11-10	-	Active	NO
25	U01111GJ2010PTC062884	ROHA AGRI DEVELOPERS PRIVATE LIMITED	Director	11-11-10	11-11-10	-	Active	NO
26	U85191MH2011NPL216938	AGARWAL GLOBAL FOUNDATION	Director	02-05-11	02-05-11	-	Active	NO
27	U45200MH2006PTC160428	J. P. INFRA (MUMBAI) PRIVATE LIMITED	Director	30-09-11	24-06-11	20-03-12	Active	NO
28	U45400MH2010PTC205367	J.P. INFRA DEVELOPERS PRIVATE LIMITED	Director	30-09-11	24-06-11	12-04-12	Active	NO
29	U40300MH2012PTC237802	ROHA URJA PRIVATE LIMITED	Director	09-11-12	09-11-12	-	Active	NO
30	U40300MH2012PTC237801	ROHA NATURAL RESOURCES PRIVATE LIMITED	Director	09-11-12	09-11-12	-	Active	NO
31	U40300MH2012PTC237793	ROHA GREEN ENERGY PRIVATE LIMITED	Director	09-11-12	09-11-12	-	Active	NO
32	U40107MH2012PTC237790	ROHA ECO ENERGY PRIVATE LIMITED	Director	09-11-12	09-11-12	-	Active	NO
33	U40300MH2012PTC237806	ROHA NATURAL ENERGY PRIVATE LIMITED	Director	10-11-12	10-11-12	-	Active	NO
34	U26960MH2013PTC245573	ELITE GLASS PRIVATE LIMITED	Director	12-07-13	12-07-13	-	Active	NO
35	U55101MH2013PTC246462	GAIETY HOTELS PRIVATE LIMITED	Director	31-07-13	31-07-13	-	Active	NO
36	U45200MH2013PTC246736	JHABARMAL BUILDERS PRIVATE LIMITED	Director	06-08-13	06-08-13	-	Active	NO
37	U51101MH2013PTC247025	NOUVEAU TRADELINK PRIVATE LIMITED	Director	16-08-13	16-08-13	-	Active	NO
38	U45400MH2013PTC247117	FIRMAMENT DEVELOPERS PRIVATE LIMITED	Director	17-08-13	17-08-13	-	Active	NO
39	U92490MH2013PTC247214	AMITY MEDIA AND ENTERTAINMENT PRIVATE LIMITED	Director	19-08-13	19-08-13	-	Active	NO
40	U45203MH2013PTC247640	RADIUM REALTORS PRIVATE LIMITED	Director	29-08-13	29-08-13	-	Active	NO
41	U34102MH2013PTC247639	PISTON AUTO COMPONENTS PRIVATE LIMITED	Director	29-08-13	29-08-13	-	Active	NO
42	U25194MH2013PTC247839	QUARTZ PLASTIC PRODUCTS PRIVATE LIMITED	Director	04-09-13	04-09-13	-	Active	NO

Name :

Mr. Srikant Jagdishprasad Tibrewala

Designation :

Director

Address :

503, Panchsheel Gokuldham, Goregaon (East), Mumbai – 400063, Maharashtra, India

Date of Birth/Age :

18.06.1962

Qualification :

B.Com

Date of Appointment :

19.07.9182

PAN No. :

AABPT3052A

DIN No.:

00197891

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	U40300MH1972PTC015941	ROHA DYE CHEM PRIVATE LIMITED	Director	19-07-82	19-07-82	-	Active	NO
2	U17100MH1969PTC014416	JAGDISH TEXTILES PRIVATE LIMITED	Director	20-06-84	20-06-84	-	Active	NO
3	U01100MH1988PTC047034	JAGDISH FARMS PRIVATE LIMITED	Director	11-10-89	11-10-89	-	Active	NO
4	U65990MH1994PLC076830	ROHA LEASING AND FINANCING LIMITED	Director	28-02-94	28-02-94	-	Active	NO
5	U24239MH1988PTC048150	IDEAL CURES PRIVATE LIMITED	Director	04-08-94	04-08-94	-	Active	NO
6	U24110MH1996PTC099750	NILAYA CHEMICALS PRIVATE LIMITED	Director	26-08-96	26-08-96	-	Active	NO
7	U99999MH1994PLC082238	ROHA GLOBAL VENTURES LIMITED	Director	22-10-96	22-10-96	-	Active	NO
8	U99999MH1996PTC103439	ROHA NATURAL EXTRACTS PRIVATE LIMITED	Director	22-10-96	22-10-96	-	Active	NO
9	U24116MH1997PTC107008	RUJUTAA CHEMICALS PRIVATE LIMITED	Director	02-04-97	02-04-97	-	Strike off	NO
10	U67120MH1996PLC096977	WELLWORTH SHARE AND STOCK BROKING LIMITED	Director	31-08-98	31-08-98	-	Active	NO
11	U72200MH1998PLC117274	RS GLOBAL INFOTECH LIMITED	Director	11-12-98	11-12-98	-	Active	NO
12	U27109MH1972PTC015615	SHREE KAMAL ISPAT UDYOG PRIVATE LIMITED	Director	15-11-00	15-11-00	-	Active	NO
13	U67120MH1999PTC119980	WELLWORTH COMMODITIES BROKING PRIVATE LIMITED	Director	15-06-05	15-06-05	-	Active	NO
14	U15419TN1995PTC032799	INDRAS AGENCIES PRIVATE LIMITED	Director	21-04-06	21-04-06	16-04-13	Active	NO
15	U29199DL2004PTC128952	MR ORANCE JUICING SYSTEMS PRIVATE LIMITED	Director	30-05-06	30-05-06	17-01-11	Active	NO
16	U45201MH2006PTC162778	ROHA INFRASTRUCTURE DEVELOPERS PRIVATE LIMITED.	Director	22-06-06	22-06-06	26-07-11	Active	NO
17	U29199MH2006PTC163229	FILTER MACHINES PRIVATE LIMITED	Director	22-07-06	22-07-06	-	Active	NO
18	U67190MH2007PTC176367	WELLWORTH CAPITAL SERVICES PRIVATE LIMITED	Director	30-11-07	30-11-07	28-03-13	Active	NO
19	U72200MH1998PLC117545	ROHA INFOTECH LIMITED	Director	31-03-09	31-03-09	-	Active	NO
20	U24297MH2010PTC204395	ROHA DYECHEM SEZ PRIVATE LIMITED	Director	17-06-10	17-06-10	-	Active	NO
21	U40105MH2010PTC209822	ROHA ENERGY PRIVATE LIMITED	Director	04-11-10	04-11-10	-	Active	NO
22	U18204MH2013PTC246179	MODISH APPARELS PRIVATE LIMITED	Director	26-07-13	26-07-13	-	Active	NO
23	U27101MH2013PTC246263	CONSTELLATION STEELS PRIVATE LIMITED	Director	27-07-13	27-07-13	-	Active	NO
24	U60231MH2013PTC246510	EXPEDITIOUS TRANSPORTS PRIVATE LIMITED	Director	31-07-13	31-07-13	-	Active	NO
25	U26100MH2013PTC246518	GLAMOUR GLASS PRIVATE LIMITED	Director	01-08-13	01-08-13	-	Active	NO
26	U45200MH2013PTC246736	JHABARMAL BUILDERS PRIVATE LIMITED	Director	06-08-13	06-08-13	-	Active	NO
27	U51900MH2013PTC246848	PERPETUAL IMPEX PRIVATE LIMITED	Director	12-08-13	12-08-13	-	Active	NO
28	U51502MH2013PTC246842	EXCOM TRADERS PRIVATE LIMITED	Director	12-08-13	12-08-13	-	Active	NO
29	U24200MH2013PTC246906	RECTUS COLOURS PRIVATE LIMITED	Director	13-08-13	13-08-13	-	Active	NO
30	AAB-6625	ROHA COLOURS LLP	Designated Partner	23-07-13	23-07-13	-	Active	NO

Name :

Mr. Mahesh Ramakant Tibrewala

Designation :

Director

Address :

603/604, Panchsheel, Gokuldham, Goregaon (East), Mumbai - 400063, Maharashtra, India

Date of Birth/Age :

28.10.1986

Date of Appointment :

31.08.2011

DIN No.:

01342061

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	U15419TN1995PTC032799	INDRAS AGENCIES PRIVATE LIMITED	Director	21-04-06	21-04-06	24-12-09	Active	NO
2	U29199DL2004PTC128952	MR ORANCE JUICING SYSTEMS PRIVATE LIMITED	Director	30-05-06	30-05-06	17-01-11	Active	NO
3	U15134MH2006PTC164107	JAGSONS HEALTH CARE PRIVATE LIMITED	Director	26-08-06	26-08-06	-	Active	NO
4	U15419KA2006PTC041294	JUICES N SNACKS INDIA PRIVATE LIMITED	Director	27-12-06	27-12-06	-	Under Process of Striking off	NO
5	U72200MH1998PLC117545	ROHA INFOTECH LIMITED	Director	31-03-09	31-03-09	-	Active	NO
6	U01111GJ2010PTC062884	ROHA AGRI DEVELOPERS PRIVATE LIMITED	Director	11-11-10	11-11-10	-	Active	NO
7	U40300MH1972PTC015941	ROHA DYE CHEM PRIVATE LIMITED	Director	31-08-11	31-08-11	-	Active	NO
8	U45200MH2006PTC160197	ONEUP REALTORS PRIVATE LIMITED	Director	01-08-12	01-08-12	-	Active	NO
9	U40300MH2012PTC237802	ROHA URJA PRIVATE LIMITED	Director	09-11-12	09-11-12	-	Active	NO
10	U40300MH2012PTC237801	ROHA NATURAL RESOURCES PRIVATE LIMITED	Director	09-11-12	09-11-12	-	Active	NO
11	U40300MH2012PTC237793	ROHA GREEN ENERGY PRIVATE LIMITED	Director	09-11-12	09-11-12	-	Active	NO
12	U40107MH2012PTC237790	ROHA ECO ENERGY PRIVATE LIMITED	Director	09-11-12	09-11-12	-	Active	NO
13	U40300MH2012PTC237806	ROHA NATURAL ENERGY PRIVATE LIMITED	Director	10-11-12	10-11-12	-	Active	NO
14	U67120MH1996PLC096977	WELLWORTH SHARE AND STOCK BROKING LIMITED	Additional director	03-01-13	03-01-13	-	Active	NO
15	U67190MH2007PTC176356	AMBIT FINANCIAL SERVICES PRIVATE LIMITED	Director	01-04-13	01-04-13	-	Active	NO
16	U24233MH2013PTC246262	MAGENTA COLOURS PRIVATE LIMITED	Director	27-07-13	27-07-13	-	Active	NO
17	U60231MH2013PTC246510	EXPEDITIOUS TRANSPORTS PRIVATE LIMITED	Director	31-07-13	31-07-13	-	Active	NO
18	U26100MH2013PTC246518	GLAMOUR GLASS PRIVATE LIMITED	Director	01-08-13	01-08-13	-	Active	NO
19	U24233MH2013PTC246776	TIBREWALA PHARMACEUTICALS PRIVATE LIMITED	Director	08-08-13	08-08-13	-	Active	NO
20	U72300MH2013PTC246905	SUPREMO INFOTECH PRIVATE LIMITED	Director	13-08-13	13-08-13	-	Active	NO
21	U51101MH2013PTC247025	NOUVEAU TRADELINK PRIVATE LIMITED	Director	16-08-13	16-08-13	-	Active	NO
22	U45201MH2013PTC247119	SPUTNIK BUILDCON PRIVATE LIMITED	Director	17-08-13	17-08-13	-	Active	NO
23	U17120MH2013PTC247345	COUTURIER WEARS PRIVATE LIMITED	Director	22-08-13	22-08-13	-	Active	NO
24	U21023MH2013PTC247636	JASPER COATED PAPERS PRIVATE LIMITED	Director	29-08-13	29-08-13	-	Active	NO
25	U34102MH2013PTC247639	PISTON AUTO COMPONENTS PRIVATE LIMITED	Director	29-08-13	29-08-13	-	Active	NO
26	U74999MH2013PTC247850	PLATO ADVISORY SERVICES PRIVATE LIMITED	Director	04-09-13	04-09-13	-	Active	NO
27	U45209MH2013PTC247849	REALM BUILDCON PRIVATE LIMITED	Director	04-09-13	04-09-13	-	Active	NO
28	U25194MH2013PTC247839	QUARTZ PLASTIC PRODUCTS PRIVATE LIMITED	Director	04-09-13	04-09-13	-	Active	NO
29	AAB-5611	BRILLIANT INFRADEVELOPERS LLP	Designated Partner	01-06-13	01-06-13	-	Active	NO
30	AAB-6396	ROHA SOFTECH LLP	Designated Partner	10-07-13	10-07-13	-	Active	NO

Name :

Mr. Deepesh Shrikant Tibrewala

Designation :

Director

Address :

504, Panchsheel, Gokuldham, Goregaon (East), Mumbai - 400063, Maharashtra, India

Date of Birth/Age :

13.11.1986

Date of Appointment :

31.08.2011

DIN No.:

01342101

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	U15419TN1995PTC032799	INDRAS AGENCIES PRIVATE LIMITED	Director	21-04-06	21-04-06	16-04-13	Active	NO
2	U45201MH2006PTC162778	ROHA INFRASTRUCTURE DEVELOPERS PRIVATE LIMITED.	Director	22-06-06	22-06-06	01-02-11	Active	NO
3	U29199MH2006PTC163229	FILTER MACHINES PRIVATE LIMITED	Director	22-07-06	22-07-06	-	Active	NO
4	U40300MH1972PTC015941	ROHA DYE CHEM PRIVATE LIMITED	Director	31-08-11	31-08-11	-	Active	NO
5	U51900MH2013PTC246848	PERPETUAL IMPEX PRIVATE LIMITED	Director	12-08-13	12-08-13	-	Active	NO
6	U51502MH2013PTC246842	EXCOM TRADERS PRIVATE LIMITED	Director	12-08-13	12-08-13	-	Active	NO
7	U80904MH2013PTC247123	ELOQUENT EDUCATION ACADEMY PRIVATE LIMITED	Director	17-08-13	17-08-13	-	Active	NO
8	U45400MH2013PTC247117	FIRMAMENT DEVELOPERS PRIVATE LIMITED	Director	17-08-13	17-08-13	-	Active	NO
9	U45400MH2013PTC247115	ZYLOG DEVELOPERS PRIVATE LIMITED	Director	17-08-13	17-08-13	-	Active	NO
10	U45200MH2013PTC247171	POINT BUILDERS PRIVATE LIMITED	Director	19-08-13	19-08-13	-	Active	NO
11	U24299MH2013PTC247261	TINGE PAINTS PRIVATE LIMITED	Director	20-08-13	20-08-13	-	Active	NO
12	U17120MH2013PTC247345	COUTURIER WEARS PRIVATE LIMITED	Director	22-08-13	22-08-13	-	Active	NO
13	U21023MH2013PTC247636	JASPER COATED PAPERS PRIVATE LIMITED	Director	29-08-13	29-08-13	-	Active	NO
14	U74900MH2013PTC247829	STEER BUSINESS SOLUTIONS PRIVATE LIMITED	Director	03-09-13	03-09-13	-	Active	NO
15	AAB-6625	ROHA COLOURS LLP	Designated Partner	23-07-13	23-07-13	-	Active	NO

Name :

Mr. Brijesh Ramakant Tiberwala

Designation :

Director

Address :

603/604, Panchsheel, Gokuldham, Goregaon (East), Mumbai - 400063, Maharashtra, India

Date of Birth/Age :

25.10.1983

Date of Appointment :

31.08.2011

DIN No.:

02276831

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	L17120MH1987PLC042424	KAMADGIRI FASHION LIMITED	Director	09-07-02	09-07-02	15-07-08	Active	NO
2	U24306MH1988PLC046527	JAGRUTI SYNTHETICS LIMITED	Director	30-09-02	30-09-02	15-07-08	Active	NO
3	U45201MH2006PTC162778	ROHA INFRASTRUCTURE DEVELOPERS PRIVATE LIMITED.	Director	22-06-06	22-06-06	01-02-11	Active	NO
4	U01111GJ2010PTC062884	ROHA AGRI DEVELOPERS PRIVATE LIMITED	Director	11-11-10	11-11-10	-	Active	NO
5	U40300MH1972PTC015941	ROHA DYE CHEM PRIVATE LIMITED	Director	31-08-11	31-08-11	-	Active	NO
6	U40300MH2012PTC237802	ROHA URJA PRIVATE LIMITED	Director	09-11-12	09-11-12	-	Active	NO
7	U40300MH2012PTC237801	ROHA NATURAL RESOURCES PRIVATE LIMITED	Director	09-11-12	09-11-12	-	Active	NO
8	U40300MH2012PTC237793	ROHA GREEN ENERGY PRIVATE LIMITED	Director	09-11-12	09-11-12	-	Active	NO
9	U40107MH2012PTC237790	ROHA ECO ENERGY PRIVATE LIMITED	Director	09-11-12	09-11-12	-	Active	NO
10	U40300MH2012PTC237806	ROHA NATURAL ENERGY PRIVATE LIMITED	Director	10-11-12	10-11-12	-	Active	NO
11	U27101MH2013PTC246263	CONSTELLATION STEELS PRIVATE LIMITED	Director	27-07-13	27-07-13	-	Active	NO
12	U18204MH2013PTC246465	CROCHET FABRIC PRIVATE LIMITED	Director	31-07-13	31-07-13	-	Active	NO
13	U55101MH2013PTC246462	GAIETY HOTELS PRIVATE LIMITED	Director	31-07-13	31-07-13	-	Active	NO
14	U24200MH2013PTC246906	RECTUS COLOURS PRIVATE LIMITED	Director	13-08-13	13-08-13	-	Active	NO
15	U72300MH2013PTC246905	SUPREMO INFOTECH PRIVATE LIMITED	Director	13-08-13	13-08-13	-	Active	NO
16	U80904MH2013PTC247123	ELOQUENT EDUCATION ACADEMY PRIVATE LIMITED	Director	17-08-13	17-08-13	-	Active	NO
17	U92490MH2013PTC247214	AMITY MEDIA AND ENTERTAINMENT PRIVATE LIMITED	Director	19-08-13	19-08-13	-	Active	NO
18	U45200MH2013PTC247171	POINT BUILDERS PRIVATE LIMITED	Director	19-08-13	19-08-13	-	Active	NO
19	U74900MH2013PTC247829	STEER BUSINESS SOLUTIONS PRIVATE LIMITED	Director	03-09-13	03-09-13	-	Active	NO
20	U74999MH2013PTC247850	PLATO ADVISORY SERVICES PRIVATE LIMITED	Director	04-09-13	04-09-13	-	Active	NO
21	U45209MH2013PTC247849	REALM BUILDCON PRIVATE LIMITED	Director	04-09-13	04-09-13	-	Active	NO
22	AAB-6396	ROHA SOFTECH LLP	Designated Partner	10-07-13	10-07-13	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Deepak
Designation :	Finance Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2012

Names of Shareholders (Ordinary Equity Share)	No. of Shares
Shrikant Tibrewala	11640
Ramakant Tibrewala	48598
Sushma Tibrewala	34370
Mahesh Tibrewala	33000
Brijesh Tibrewala	36960
Haresh Tibrewala	11000
Brijesh Ramakant HUF	29302
Annapurna Tibrewala	16720
Deepesh Tibrewala	11066
Deepesh Shrikant HUF	12244
Jagdish Prasad Ramakant HUF	100
Total	245000

Names of Shareholders (Class A- Equity Share)	No. of Shares
Shrikant Tibrewala	3516
Ramakant Tibrewala	14679
Sushma Tibrewala	10381
Mahesh Tibrewala	9967
Brijesh Tibrewala	11164
Haresh Tibrewala	3323
Brijesh Ramakant HUF	8850
Annapurna Tibrewala	5050
Deepesh Tibrewala	3342
Deepesh Shrikant HUF	3698
Jagdish Prasad Ramakant HUF	30
Ajay Devgan	22000
Kumar Mangat Pathak	4000
Total	100000

As on 29.09.2012

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	92.46
Directors or relatives of Directors	7.54
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of food colours, dyes and intermediates etc

Products :

Product Description	Item Code No. (ITC Code)
Tartrazine	3204 19 72
Sunset Yellow	3204 19 71
Carmoisine	3204 19 09

Exports :

Products :

Food colours, dyes and intermediates

Countries :

· Europe

· Middle East

· Switzerland

· New Zealand

· Australia

· US

· UK

· Gulf Country

· Asian Country

Imports :

Products :

Raw Material

Countries :

· China

· Australia

Terms :

Selling :

Cash / Credit

Purchasing :

Cash / Credit

PRODUCTION STATUS (AS ON 31.03.2011)

Particulars	Unit	Actual Production
Food, Lake and Acid Colour	MT	8804
Electricity	KWH	12824

Note:

Installed capacity cannot be determined due to the heterogeneous nature of products manufactured by the Company

GENERAL INFORMATION

Customers :

End Users

No. of Employees :

500 (Approximately)

Bankers :

· Bank of India, Andheri MID Corporate Branch, M.D.I Building, 28, 1st Floor, S.V. Road, Andheri (West), Mumbai - 400058, Maharashtra, India

· ING Vysya Bank Limited – Mittal Towers, a-Wing, Ground Floor, 210 Nariman Point, Mumbai - 400021, Maharashtra, India

· ICICI Bank, MIDC Andheri, Mumbai, Maharashtra, India

· Indusind Bank Limited, Dr. Gopal Das Bhawan, 28, Barakhamba Road, New Delhi - 110001, India

· Yes Bank, Andheri, Mumbai, Maharashtra, India

Facilities :

Fund Non Fund Base Total Facility Rs.1000.000 Millions

Secured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Foreign currency loans secured
Foreign currency loans banks secured	111.704	197.637
Working capital loans secured
Working capital loans banks secured	597.384	516.883
Loans taken for fixed assets secured
Loans taken for vehicles secured	5.862	0.000
Other debt secured	73.671	57.730
Total	788.621	772.250
Notes: (A) 3) External Commercial Borrowing is secured by way of: a) Exclusive charge on the wind mill b) Mortgage on office building at Andheri office, Mumbai c) Escrow of all receivables of the Company out of the sale proceeds from wind mill d) Personal guarantees of the directors of the Company. (B) 1) Loans from banks are secured by way of: a) First charge on fixed assets excluding wind mill and hypothecation of plant and machinery situated at Roha. b) Pari passu charge on the entire movable and immovable fixed assets situated at Andheri office, Mumbai. c) Charge on all current assets of the Company. d) Personal guarantees of the directors of the Company. (C) 2) Secured against hypothecation of vehicles financed under the loan. (D) 4) Loan from Life Insurance Corporation of India is secured against lien of of Keyman Insurance Policies belonging to the Company and personal guarantees of the directors of the Company.

Banking Relations :	--
Financial Institution :	IDBI Trusteeship Services Limited, Asia Building, Ground Floor, 17, R. K. Kamani Marg, Ballard Estate, Mumbai-400001, Maharashtra, India
Auditors :
Name :	B B S R and Company Chartered Accountants
Address :	703, 7^th Floor, Godrej Castlemaine, Next to Ruby Hall Clinic, Bund Garden Road, Pune – 411001, Maharashtra, India
PAN.:	AAKFB4397F
Joint Ventures :	· Roha Thailand Limited · Roha Dyechem Thailand Limited · Roha Asia Pacific Thailand Limited
Subsidiaries :	· Roha Europe SLU · Roha (USA) LLC · Roha (France) SARL · Roha (Australia) Pty Limited · Roha (UK) Limited · Simpson (UK) Limited · Roha Specialities Incorporation Philippines · Roha SRL Italy · Roha Dychem (HK) Limited · Roha Dyechem Indonesia · Roha Dyechem Vietnam Limited · Roha Dyechem Sanghai · Roha (Sanghai) Food Aditives Company Limited · Idacol Food Colours Maxico · Pt Roha Lautan Pewarna (Indonesia) · Roha Dyechem LLC, Russia · Idacol Russia LLC
Associates :	· Anchit Chemicals Private Limited · Filter Machines Private Limited · Indras Agencies Private Limited · Steinmetz Overseas Private Limited · Jagdish Textiles Private Limited · Adhik Chemicals Private Limited · Ideal Cures Private Limited · Well Worth Share And Stock Broking Private Limited · Eeshan Infosystem Private Limited · R.S. Global Infotech Private Limited · Roha Infrastructure Private Limited · Ricossa Trading Private Limited · One up Realtors Private Limited · Roha Energy Private Limited · Roha Leasing and Financing Limited · Goyolene Fibres (India) Private Limited · Abhishek Dyechem Private Limited · Jagson Intermediaries and Chemicals Private Limited
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	· Kalpana Organics · Chemodist Industries · Kanaiya Dye-Chem Industries · Shree Kamal Ispat Udyog Private Limited

CAPITAL STRUCTURE

As on 29.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
350000	Equity Shares	Rs.100/- each	Rs.35.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
345000	Equity Shares	Rs.100/- each	Rs.34.500 Millions

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
250000	Equity Shares	Rs.100/- each	Rs. 25.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
245000	Equity Shares	Rs.100/- each	Rs.24.500 Millions

Note:

Out of above 200,000 (2010 : 200,000) equity shares of Rs. 100 each issued as fully paid bonus shares

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		24.500	24.500	24.500
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		2923.624	2881.579	2637.342
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		2948.124	2906.079	2661.842
LOAN FUNDS
1] Secured Loans		788.621	772.250	742.525
2] Unsecured Loans		604.593	245.833	204.694
TOTAL BORROWING		1393.214	1018.083	947.219
DEFERRED TAX LIABILITIES		55.740	100.838	119.274
TOTAL		4397.078	4025.000	3728.335
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		642.164	668.512	734.553
Capital work-in-progress		675.337	324.884	64.715
INVESTMENT		568.508	558.770	486.640
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	688.706	355.810	316.685
	Sundry Debtors	969.777	1141.805	1116.152
	Cash & Bank Balances	149.733	35.902	31.311
	Other Current Assets	4.513	0.209	0.000
	Loans & Advances	1312.627	1171.200	1225.677
Total Current Assets		3125.356	2704.926	2689.825
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	267.317	201.878	203.058
	Other Current Liabilities	309.623	14.121	5.382
	Provisions	37.347	16.093	38.958
Total Current Liabilities		614.287	232.092	247.398
Net Current Assets		2511.069	2472.834	2442.427
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		4397.078	4025.000	3728.335

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	2523.000	2573.417	2286.521
		Other Income	148.400	82.982	90.896
		TOTAL (A)	2671.400	2656.399	2377.417
Less	EXPENSES
		Raw Material Consumed		1216.559	1151.847
		Purchase for Resale		1.250	1.218
		Payment to Employees	2442.300	86.315	45.174
		Manufacturing Expenses		373.000	294.782
		Administration and Other Expenses		210.953	174.471
		Selling and Distribution Expenses		181.809	185.109
		Increase / Decrease in Stock		14.329	(45.955)
		TOTAL (B)	2442.300	2084.215	1806.646
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		[Including Financial	572.184	570.771
			Expenses
Less	FINANCIAL EXPENSES (D)		And	101.230	89.041
			Depreciation ]
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			470.954	481.730
Less/ Add	DEPRECIATION/ AMORTISATION (F)			121.321	131.270
	PROFIT BEFORE TAX (E-F) (G)		229.100	349.633	350.460
Less	TAX (H)		185.900	111.564	124.555
	PROFIT AFTER TAX (G-H) (I)		43.200	238.069	225.905
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		NA	2042.795	1842.623
Less	APPROPRIATIONS
		Transfer to General Reserve	NA	20.000	20.000
		Dividend	NA	4.900	4.900
		Tax on Dividend	NA	0.814	0.833
	BALANCE CARRIED TO THE B/S		NA	2255.150	2042.795
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	1793.200	1944.695	1729.731
		Other Earnings	0.000	39.771	10.229
	TOTAL EARNINGS		1793.200	1984.466	1739.960
	IMPORTS
		Raw Materials	NA	804.303	714.176
		Capital Goods	NA	1.121	24.573
		Others	NA	8.514	0.186
	TOTAL IMPORTS		NA	813.938	738.935
	Earnings Per Share (Rs.)		176.39	971.71	1027

Particulars	31.03.2013	31.03.2012
Operating Income	Rs.4.600 Billion	Rs.2.500 Billion
Profit After Tax	Rs.263.900 Millions	Rs.288.800 Millions

Note: The financials of 2012 and 2013 are taken form indirect source i.e. CRISIL

Expected Sales (201314) : Rs.4800.000 Millions

The above information has been parted by Mr. Deepak

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	1.62	8.96	9.50
Net Profit Margin (PBT/Sales)	(%)	9.08	13.59	15.33
Return on Total Assets (PBT/Total Assets}	(%)	6.08	10.36	10.23
Return on Investment (ROI) (PBT/Networth)		0.08	0.12	0.13
Debt Equity Ratio (Total Debt /Networth)		0.47	0.35	0.36
Current Ratio (Current Asset/Current Liability)		5.09	11.65	10.87

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	Yes
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	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
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	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	No
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

BACKGROUND

Subject was incorporated in 1972. Subject manufactures food colours, dyes and intermediates etc. The Company has its corporate office at Mumbai and manufacturing facility at Roha. The Company also has a branch in South Africa which is engaged in marketing and distribution of food colours.

BUSINESS PERFORMANCE:

During the year the company has incorporated the results of its South African Branch by way of consolidation of line items.

The total revenue generated by the Company during the financial year was Rs.2671.400 Millions against Rs. 2656.400 Millions for the previous financial year 2009-10 showing marginal increase of 0.56%. The increase in revenue was on account of the Other Income of the Company. As the shortfall of tax provision for earlier years was make good in the year, the profit after tax for the year was reduced to Rs.43.200 Millions as compared to Rs 238.000 Millions for the previous year.

The year was witnessed by increase in inflation rates and economic slowdown thereby affecting the business operations of the Company. In spite of several adverse factors, the Company has been managed to achieve satisfactory performance.

As regards the future prospects, your board is confident that the company’s positive business momentum will continue and enable your company to deliver better results.

UNSECURED LOAN

Rs. In Millions

Particular	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Loans directors unsecured	202.915	72.074
Deferred sales tax loan unsecured	11.034	13.818
Other debt unsecured	390.644	159.941
Total	604.593	245.833
Notes: (A) [Repayable within one year Rs. Nil (2010: Rs. Nil)] (B) [Repayable within one year Rs. 0.885 Million (2010:Rs.1.366 Millions)] (C) Loans from Shareholders 209,825,765 (147,176,952) [Repayable within one year Rs. Nil (2010: Rs. Nil)] Other loans Rs.180.819 Millions (Rs.12.764 Millions) [Repayable within one year Rs. Nil (2010: Rs. Nil)]

CONTINGENT LIABILITIES

(Rs. In Millions)

PARTICULARS	31.03.2011	31.03.2010
Income tax matters	80.424	31.127
Excise matters	0.176	0.124
Service tax matters	8.821	1.377
Sales tax matters	0.067	--
Export obligation against use of advance license	17.822	12.000
Bank guarantees against fixed deposits	97.972	4.801
Bank guarantees given on behalf of foreign subsidiaries and joint ventures	125.365	230.000
Bank guarantees against letter of credits	148.257	82.838

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10424832	20/04/2013	250,000,000.00	INDUSIND BANK LIMITED	DR. GOPAL DAS BHAWAN, 28, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA	B74815796
2	10318744	04/11/2011	210,000,000.00	THE SARASWAT COOPERATIVE BANK LIMITED	SME VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOCIETY, SUBHASH ROAD, VILE PARLE EAST, MUMBAI, MAHARASHTRA - 400057, INDIA	B25705856
3	10298965	30/01/2012 *	2,660,291,220.00	IDBI TRUSTEESHIP SERVICES LIMITED	ASIAN BLDG., GROUND FLOOR, 17, R. KAMANI MARG,, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA	B31074321
4	10286852	16/05/2011	200,000,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA	B12794152
5	10287015	28/02/2013 *	150,000,000.00	ING VYSYA BANK LIMITED	MITTAL TOWERS,A-WING,GROUND FLOOR, 210 NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA	B72921067
6	10058230	23/04/2013 *	860,000,000.00	BANK OF INDIA	ANDHERI MID CORPORATE BRANCH, M.D.I BUILDING, 28, 1ST FLOOR, S.V. ROAD, ANDHERI (WEST),, MUMBAI, MAHARASHTRA - 400058, INDIA	B77540433
7	80006638	17/06/2006 *	300,000.00	BANK OF INDIA	SION BRANCH, 29, AMBA BHAVAN,, SION CIRCLE, MUMBAI, MAHARASHTRA - 400022, INDIA	-

* Date of charge modification

FIXED ASSETS:

• Freehold Land
• Leasehold Land
• Factory Building
• Plant and Machinery
• Equipments
• Vehicles
• Computer Software
• Storage Tanks
• Land wind mill
• Electrical installation
• Furniture and fixtures
• Data processing equipments
• Laboratory instruments
• Effluent plants

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.61.30
UK Pound	1	Rs.97.99
Euro	1	Rs.83.15

INFORMATION DETAILS

Information Gathered by :	PDT
Report Prepared by :	NTH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	4
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		49

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.