MIRA INFORM REPORT

Report Date :

23.10.2013

IDENTIFICATION DETAILS

Name :	ELECTRONICA PLASTIC MACHINES LIMITED (w.e.f.12.03.2008)
Formerly Known As :	ELECTRONICA PLASTIC MACHINES PRIVATE LIMITED
Registered Office :	Gat No. 399, Hissa No. 1 and 2, Bhare, Taluka Mulshi, Pune – 412 111, Maharashtra
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	28.12.2007
Com. Reg. No.:	11-131189
Capital Investment / Paid-up Capital :	Rs.2.489 Millions
CIN No.: [Company Identification No.]	L25200PN2007PLC131189
TAN No.: [Tax Deduction & Collection Account No.]	PNEE02521B/ PNEE01324B
PAN No.: [Permanent Account No.]	AACCE0874D
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Manufacturer of Injection Moulding Machines.
No. of Employees :	115 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (30)

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

Maximum Credit Limit :	USD 530000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. Profitability of the company appears to be low. However, trade relations are reported to be fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for business dealing with some caution.

NOTES:

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

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

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

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

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 traqde 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.

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	Term Loan=BB
Rating Explanation	Inadequate credit quality and high credit risk.
Date	March 2013

Rating Agency Name	ICRA
Rating	Non Fund Based=A4+
Rating Explanation	Minimal degree of safety and very high credit risk.
Date	March 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 :	Ms. Himali Pimpalkhare
Designation :	Finance Manager
Contact No.:	91-9850415725
Date :	19.10.2013

LOCATIONS

Registered Office / Works :	Gat No. 399, Hissa No. 1 and 2, Bhare, Taluka Mulshi, Pune – 412 111, Maharashtra, India
Tel. No.:	91-20-22922212 / 22922029 / 22922799/ 22922413 / 42273013
Mobile No.:	91-9850415725 (Mrs. Himali Pimpalkhare)
Fax No.:	91-20-22922074 / 30116566 / 20291158
E-Mail :	rvb@electronicapmd.com epmd@electronicapmd.com epm@vsnl.net smk@electronicapmd.com
Website :	http://www.electronicapmd.com
Location :	Owned
Branches :	Located at: · Mumbai · Ahmedabad · Delhi · Chandigarh · Faridabad · Gurgaon · Kolkata · Chennai · Coimbatore · Bangalore · Hyderabad

DIRECTORS

AS ON 31.03.2012

Name :

Mr. Prakash Krishnaji Ratnaparkhi

Designation :

Managing Director

Address :

Shivam, 8 Amar Society, Erandawane, Pune -411004, Maharashtra, India

Qualification :

B. Tech

Date of Birth/Age :

12.04.1946

Date of Appointment :

30.04.2010

DIN :

00180568

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	U31909MH1981PTC024618	ELECTRONICA EXPORTS PRIVATE LIMITED	Director	15-06-81	15-06-81	10-12-10	Active	NO
2	U72300MH1983PTC029434	ELEKTRA DATA SYSTEMS PRIVATE LIMITED	Director	28-02-83	28-02-83	-	Active	NO
3	U31403MH1986PTC040814	ELECTRONICA MECHATRONIC SYSTEMS (INDIA) PRIVATE LIMITED	Managing director	03-09-86	03-09-86	-	Active	NO
4	U65910PN1990PLC057017	ELECTRONICA FINANCE LIMITED	Director	26-06-90	26-06-90	20-12-08	Active	NO
5	U65993MH1990PTC057020	SHIRISH HOLDING AND FINANCE PRIVATE LIMITED	Director	26-06-90	26-06-90	-	Active	NO
6	L74999MH1975PLC018397	ELECTRONICA MACHINE TOOLS LIMITED	Director	26-07-93	26-07-93	29-08-11	Active	NO
7	U72200PN1998PTC012922	EMS TECHNOLOGIES PRIVATE LIMITED	Director	01-10-98	01-10-98	01-04-09	Active	NO
8	U74120PN2007PTC129476	ELECTRONICA FINSMART SOLUTIONS PRIVATE LIMITED	Director	15-01-07	15-01-07	-	Active	NO
9	U51909PN2007PTC130696	EMST MARKETING PRIVATE LIMITED	Director	12-09-07	12-09-07	-	Active	NO
10	L25200PN2007PLC131189	ELECTRONICA PLASTIC MACHINES LIMITED	Managing director	30-04-10	28-12-07	-	Active	NO
11	L27107MH2007PLC199080	ELECTRONICA TOUGH CARB LIMITED	Additional director	31-12-09	28-11-08	01-06-11	Active	NO
12	L29299PN2007PLC130906	ELECTRONICA INDUSTRIES LIMITED	Director	20-12-08	28-11-08	01-07-09	Active	NO
13	U72900PN2010PTC137065	P E TECHNOLOGIES PRIVATE LIMITED	Director	06-08-10	06-08-10	-	Active	NO
14	U74900PN2011PTC141690	LABOTEK (INDIA) PRIVATE LIMITED	Director	19-12-11	19-12-11	-	Active	NO
15	U72200PN2002PTC016755	ASSURANCE SYSTEMS PRIVATE LIMITED	Additional director	01-03-12	01-03-12	30-06-12	Active	NO
16	U29196PN2003PTC018501	INSPECS METROLOGY (INDIA) PRIVATE LIMITED	Director	25-08-12	25-04-12	-	Active	NO

Name :

Mr. Shrikant Madhav Kinjawadekar

Designation :

Whole-time Director

Address :

10, Megh Malhar Apartments, 30 Lokmanya Colony, Vanaz Factory, Pune – 411 038, Maharashtra, India

Date of Birth/Age :

20.11.1951

Date of Appointment :

28.09.2012

DIN No.:

01088752

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	U29305MH1986PTC040807	MASSIVE ENGINEERING PRIVATE LIMITED	Director	01-01-96	01-01-96	01-10-09	Active	NO
2	L25200PN2007PLC131189	ELECTRONICA PLASTIC MACHINES LIMITED	Whole-time director	28-09-12	01-04-12	-	Active	NO
3	U74900PN2011PTC141690	LABOTEK (INDIA) PRIVATE LIMITED	Director	15-03-13	17-04-12	-	Active	NO

Name :

Mr. Amit Vaijanath Pendse

Designation :

Whole-time Director

Address :

Plot No.15, Bharadwaj S No.28/8/7/1, Raghavnagar, Dhanakwadi, Pune – 411 043, Maharashtra, India

Date of Birth/Age :

22.11.1963

Date of Appointment :

28.09.2012

DIN No.:

05143030

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	Company/ LLP Status	Defaulting status
1	U74900PN2011PTC141690	LABOTEK (INDIA) PRIVATE LIMITED	Managing director	24-02-12	19-12-11	Active	NO
2	L25200PN2007PLC131189	ELECTRONICA PLASTIC MACHINES LIMITED	Whole-time director	28-09-12	01-04-12	Active	NO
3	U91100DL2012NPL239417	PLASTICS MACHINERY MANUFACTURERS ASSOCIATION OF INDIA	Director	27-07-12	27-07-12	Active	NO

Name :

Mr. Bhushan Nilkanth Gokhale

Designation :

Director

Address :

5 Akbar Road, New Delhi – 110 011, India

Date of Birth/Age :

25.12.1947

Date of Appointment :

28.09.2012

DIN No.:

01493276

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	Company/ LLP Status	Defaulting status
1	L25200PN2007PLC131189	ELECTRONICA PLASTIC MACHINES LIMITED	Director	28-09-12	17-05-12	Active	NO

Name :

Mr. Uday Madhav Chitale

Designation :

Director

Address :

167-C, Poonawadi, Dr. Ambedkar Roasd, Dadar (East), Mumbai - 400014, Maharashtra, India

Qualification :

Chartered Accountants

Date of Birth/Age :

20.10.1949

Date of Appointment :

31.12.2009

DIN :

00043268

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	U74140MH1998PTC116442	DFK CONSULTING SERVICES (INDIA) PRIVATE LIMITED	Director	04-09-98	04-09-98	-	Active	NO
2	U74120PN2001NPL016300	INDIAN COUNCIL FOR DISPUTE RESOLUTION	Director	05-07-01	05-07-01	-	Active	NO
3	U23201KA1997PLC032964	GMR VEMAGIRI POWER GENERATION LIMITED	Director	30-09-04	30-09-04	-	Active	NO
4	U72900MH1993PLC131900	ICICI SECURITIES PRIMARY DEALERSHIP LIMITED	Director	11-10-05	11-10-05	-	Active	NO
5	L27102MH1994PLC152925	JSW STEEL LIMITED	Director	20-10-05	20-10-05	-	Active	NO
6	U67120MH1995PLC086241	ICICI SECURITIES LIMITED	Director	27-06-06	27-06-06	-	Active	NO
7	U65923KA2006PTC040028	JANALAKSHMI FINANCIAL SERVICES PRIVATE LIMITED	Director	15-06-12	05-08-06	-	Active	NO
8	L28100KA1986PLC049077	PARRYS SUGAR INDUSTRIES LIMITED	Director	28-09-06	12-08-06	27-08-10	Active	NO
9	U51909MH2003PLC140116	NATIONAL COMMODITY AND DERIVATIVES EXCHANGE LIMITED	Nominee director	31-07-07	08-11-06	31-03-09	Active	NO
10	L45203KA1996PLC034805	GMR INFRASTRUCTURE LIMITED	Director	05-12-06	05-12-06	11-09-12	Active	NO
11	U29299PN2005PTC021445	DELVAL FLOW CONTROLS PRIVATE LIMITED	Director	03-08-09	10-10-08	-	Active	NO
12	L25200PN2007PLC131189	ELECTRONICA PLASTIC MACHINES LIMITED	Director	31-12-09	02-11-09	-	Active	NO
13	U66020MH2009PLC189325	AXIS MUTUAL FUND TRUSTEE LIMITED	Director	26-04-12	03-06-11	-	Active	NO
14	U31403MH1986PTC040814	ELECTRONICA MECHATRONIC SYSTEMS (INDIA) PRIVATE LIMITED	Director	27-09-12	26-12-11	-	Active	NO
15	U66000MH2009PLC191935	ICICI PRUDENTIAL PENSION FUNDS MANAGEMENT COMPANY LIMITED	Director	20-08-13	04-12-12	-	Active	NO

Name :

Mr. Vilas Waman Katre

Designation :

Director

Qualification :

Master Marinder

Address :

253, Sindh Housing Society, Aunch, Pune, Maharashtra, India

Date of Birth/Age :

23.05.1942

DIN :

00054460

Other Directorship :

· Seahorse India Private Limited

· Omega Global Logistics Private Limited

· IMSA Shipping Agency Private Limited

· Vasundhara Agrotech Private Limited

KEY EXECUTIVES

Name :	Ms. Himali Pimpalkhare
Designation :	Finance Manager

MAJOR SHAREHOLDERS

AS ON 28.09.2012

Names of Shareholders	No. of Shares
P K Ratnaparkhi HUF	116316
Shirish Holding and Finance Private Limited, India	17908
Electra Data Systems Private Limited, India	63849

Equity Share Break up (Percentage of Total Equity)

AS ON 28.09.2012

Category	Percentage
Mutual Funds	0.01
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	0.01
Bodies corporate	35.16
Directors or relatives of Directors	51.82
Other top fifty shareholders	13.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer Injection Moulding Machines.
Products :	Manufacturing Range : · Horizontal Plastic Injection Moulding Machines · Elektra Power Saver · Labotek Minifeed (Auto Loader) Marketing Range: · TAYU Vertical Plastic 20 · LIANSU Extrusion Machines · Auxiliaries such as Hopper Dryer, Auto Loader, Mixer, Low-Medium-High Speed Crushers, Robot, Gas Assist Injection Equipments, etc.
Exports :
Products :	Injection Moulding Machine
Countries :	· Middle East · South Africa
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

PRODUCTION STATUS (As on 31.03.2010)

Particulars	Unit	Installed Capacity	Actual Production
Plastic Vertical Injection Molding Machine	M/c	50 per month	40-45 per month

GENERAL INFORMATION

Customers :

Wholesalers and Retailers

No. of Employees :

115 (Approximately)

Bankers :

· State Bank of India, Commercial Branch, 1548A, Sadashiv Peth, Tilak Road, Pune-411030, Maharashtra, India

· The Cosmos Co Operative Bank Limited (Parvati Branch), 269/270, Shaniwar Peth, Pune 411030, Maharashtra, India

Facilities :

SECURED LOANS	31.03.2012 Rs. In Millions	31.03.2011 Rs. In Millions
Long Term Borrowings
Term Loan from Banks (Mortgage of Land and hypothecation of machinery)	39.702	22.036
Short Term Borrowings
Working Capital Loans from Banks (Hypothecation Of Stock And Debt and Mortgage of Plot and Land)	64.883	75.805
Total	104.585	97.841

Banking Relations :	--
Auditors :
Name :	S N Gogate and Company Chartered Accountants
Address :	Sanket, 2^nd Floor, Vijsynagar Colony, 2123, Sadashiv Peth, Pune - 411030, Maharashtra, India
PAN No.:	APJPG1410E
Related Party :	· Electra Data Systems Private Limited [U72300MH1983PTC029434] · EMST Marketing Private Limited [U51909PN2007PTC130696] · Shirar Investment and Finance Private Limited [U65993MH1990PTC057044] · Shirish Holding and Finance Private Limited [U65993MH1990PTC057020] · Aditya Mouldings Private Limited [U00313HR2005PTC035766] · Electronica Finmart Solutions Private Limited [U74120PN2007PTC129476] · Electronica Machine Tools Limited [L74999MH1975PLC018397] · Ratnaparakhi Electronic Industries Private Limited [U74140MH1989PTC050743] · Electronica Industries Limited [U29299PN2007PLC130906] · EMS Technologies Private Limited [U29299PN2007PLC130906]
Associates :	Electronica Mechatronic Systems India Private Limited [U31403MH1986PTC040814]

CAPITAL STRUCTURE

AS ON 28.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs. 10/- each	Rs.10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
248900	Equity Shares	Rs. 10/- each	Rs.2.489 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	2.489	2.489
(b) Reserves & Surplus	131.804	127.884
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.011	0.011
Total Shareholders’ Funds (1) + (2)	134.304	130.384
(3) Non-Current Liabilities
(a) long-term borrowings	39.702	22.036
(b) Deferred tax liabilities (Net)	3.929	2.413
(c) Other long term liabilities	1.291	0.755
(d) long-term provisions	7.422	4.169
Total Non-current Liabilities (3)	52.344	29.373
(4) Current Liabilities
(a) Short term borrowings	81.175	79.205
(b) Trade payables	67.572	7.021
(c) Other current liabilities	129.289	40.845
(d) Short-term provisions	12.600	75.165
Total Current Liabilities (4)	290.636	202.236
TOTAL	477.284	361.993
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	232.365	115.312
(ii) Intangible Assets	1.519	0.000
(iii) Capital work-in-progress	0.000	1.457
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	1.414	1.484
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	3.411	19.917
(e) Other Non-current assets	1.600	0.136
Total Non-Current Assets	240.309	138.306
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	126.139	126.252
(c) Trade receivables	77.417	41.049
(d) Cash and cash equivalents	14.327	34.466
(e) Short-term loans and advances	14.824	4.343
(f) Other current assets	4.268	17.577
Total Current Assets	236.975	223.687
TOTAL	477.284	361.993

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		2.500
2] Share Application Money		0.000
3] Reserves & Surplus		61.904
4] (Accumulated Losses)		0.000
NETWORTH		64.404
LOAN FUNDS
1] Secured Loans		63.922
2] Unsecured Loans		7.817
TOTAL BORROWING		71.739
DEFERRED TAX LIABILITIES		1.595
TOTAL		137.738
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		77.450
Capital work-in-progress		0.000
INVESTMENT		18.052
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	74.502
	Sundry Debtors	44.173
	Cash & Bank Balances	6.466
	Other Current Assets	0.000
	Loans & Advances	35.608
Total Current Assets		160.749
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	61.091
	Other Current Liabilities	39.033
	Provisions	18.437
Total Current Liabilities		118.561
Net Current Assets		42.188
MISCELLANEOUS EXPENSES		0.048
TOTAL		137.738

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2012	31.03.2011	31.03.2010
	SALES
		Income		521.167	619.689	435.036
		Other Income		21.173	31.180	8.126
		TOTAL (A)		542.340	650.869	443.162
Less	EXPENSES
		Cost of Materials Consumed		355.973	356.215
		Purchases of stock-in-trade		20.979	102.116
		Changes in inventories of finished goods, work-in-progress and stock-in-trade		12.434	(28.972)
		Employee benefit Expense		69.233	59.388
		Other Expenses		48.348	47.074
		Exceptional Items		(4.682)	0.284
		TOTAL (B)		502.285	536.105	382.790
Less	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			40.055	114.764	60.372
Less	FINANCIAL EXPENSES (D)			20.162	9.424	5.101
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			19.893	105.340	55.271
Less	DEPRECIATION/ AMORTISATION (F)			9.904	6.116	2.330
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)			9.989	99.224	52.941
Less	TAX (H)			6.069	32.807	20.211
	PROFIT/(LOSS) AFTER TAX (G-H) (I)			3.920	66.417	32.730
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD			91.605	30.607	0.830
Less	APPROPRIATIONS
			Transfer to General Reserve	0.000	4.982	2.517
			Dividend	0.000	0.374	0.373
			Tax on Dividend	0.000	0.063	0.063
	BALANCE CARRIED TO THE B/S			95.525	91.605	30.607
	EARNINGS IN FOREIGN CURRENCY
			Export Earnings	9.920	7.553	4.077
			Commission Earnings	14.397	24.171	15.698
			Other Earnings	0.635	0.000	0.000
	TOTAL EARNINGS			24.952	31.724	19.775
	IMPORTS
			Raw Materials	116.507	429.645	302.937
			Capital Goods	65.242	16.125	0.000
	TOTAL IMPORTS			181.749	445.770	302.937
	Earnings Per Share (Rs.)			15.75	266.84	131.50

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	0.72	10.20	7.39
Net Profit Margin (PBT/Sales)	(%)	1.92	16.01	12.17
Return on Total Assets (PBT/Total Assets}	(%)	2.12	29.27	22.23
Return on Investment (ROI) (PBT/Networth)		0.07	0.76	0.82
Debt Equity Ratio (Total Debt /Networth)		0.90	0.78	1.11
Current Ratio (Current Asset/Current Liability)		0.82	1.11	1.36

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 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	Yes
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	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

NOTE: Registered office address of the company has been shifted from Electra House, 691/1A, Pune Satara Road, Pune – 411 037, Maharashtra, India To the present address w.e.f.11.10.2008

UNSECURED LOANS:

Particulars	31.03.2012 Rs. In Millions	31.03.2011 Rs. In Millions
Short Term Borrowings
Loans and Advances from related Parties	16.292	0.000
Term Loans from Others	0.000	3.400
Total	16.292	3.400

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10280731	21/11/2011 *	120,000,000.00	STATE BANK OF INDIA-LEAD BANK	COMMERCIAL BRANCH, 1548A, SADASHIV PETH, TILAK ROAD, PUNE – 411 030, MAHARASHTRA, INDIA	B27278787
2	10213858	21/11/2011 *	46,500,000.00	STATE BANK OF INDIA-LEAD BANK	COMMERCIAL BRANCH, 1548A, SADASHIV PETH, TILAK ROAD, PUNE – 411 030, MAHARASHTRA, INDIA	B27284819
3	10213860	21/11/2011 *	160,000,000.00	STATE BANK OF INDIA-LEAD BANK	COMMERCIAL BRANCH, 1548A, SADASHIV PETH, TILAK ROAD, PUNE – 411 030, MAHARASHTRA, INDIA	B27280817

* Date of charge modification

MANAGEMENT DISCUSSION AND ANALYSIS:

Industry Structure and Development:

The injection molding machines are coming under plastic processing machines. Generally speaking the injection molded component contributes to 35% per capita consumption of plastic. The global demand for plastic since 1990 has grown at an average of 5.5 % p.a. This sector is expected to grow at about 5% annually up to 2015, with the highest growth rate is in Asia. Rapid urbanization and growth in retail business in populous countries like India will result in high growth performance for the plastic sector.

In India, plastics consumption grew exponentially in the 1990s. Still, per capita plastic consumption is low at around 6 kg. p.a. compared to world average of 25 kg. Use of plastics in India, both in industries and households is going to pick up in coming years. The Indian plastic market is presently experiencing a growth rate of more than 10% p.a. It provides scope for setting up small scale plastic processing enterprises for manufacture of variety of plastic products.

The molded components are prominently used in Automobile, White Goods, House Hold, Packaging (Rigid), Material Handling, Furniture, Personal care products, writing instruments are the major ones. The growth in each segment is seen to be adding to our GDP and is on the rise.

Opportunities and Threats:

In recent past our thrust was on trading business and we were importing machines from China and selling machines in India. We were acting as a commission agent. Vide Notification No. 47 / 2009 issued on 12th May 2009 by Government of India, Ministry of Finance, Department of Revenue imposed anti dumping duty on injection molding machines imported from China. So, the sale of such machines reduced substantially and demand for locally manufactured machines increased sizably. Thus, imposition of Anti-dumping worked as an opportunity as well as threat to our company.. Our trading business is reducing but our manufacturing business in increasing.

Segment wise or Product wise performance:

Subject operates only in one segment i.e. engineering, hence segment wise profitability is not applicable. Subject operates with one product i.e. Injection Molding Machines. Other, traded products are ancillaries of Molding machines and there turnover as compared to Injection molding machines is not worth mentioning. Hence product wise profitability is not applicable

Outlook:

EPML's vision is customer oriented. Based on the correct understanding of our customer's needs^; and requirements, we always meet their expectations and build a long lasting relationship.

EPML's mission is to be a preferred solution provider for the plastic industry and through our range of products, technical know-how and strong service support, contribute to the increased profitability for our customers.

EPML is in the business of manufacturing and distribution of high-tech, innovative engineering products for plastic processing industry. EPML with its motivated and committed team will deliver growth through quality and productivity. The demand for plastic products is expected to grow in the near future leading to increased demand for subject products in the domestic and international markets. In addition to own manufactured machines, Company provides as extensive range of vertical injection molding machines, ancillary equipments and extrusion lines for processing variety of plastic products and applications. As a preferred supplier of plastic injection molding machines, company has strengthened its position in the market. As company offers its customers optimum solution, future prospects are bright.

Discussion on financial performance with respect to operational performance:

Subject recorded lesser turnover as compared to last year. Company is confident of achieving better results in Financial Year 2012-2013.

Continued focus on cost optimization and efficient working management is reflected in the strong growth in operating profit.

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· R and D

· Furniture, Fixture

· Office Equipments

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.61.78
UK Pound	1	Rs.99.66
Euro	1	Rs.84.49

INFORMATION DETAILS

Information Gathered by :	NAY
Report Prepared by :	NKT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	YES
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		30

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

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

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

RATING EXPLANATIONS

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

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

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