MIRA INFORM REPORT

Report Date :

05.12..2014

IDENTIFICATION DETAILS

Name :	ALLIANCE GRANIMARMO PRIVATE LIMITED
Formerly Known As :	ALLIANCE MINERALS PRIVATE LIMITED
Registered Office :	282, Linghi Chetty Street, Chennai-600 001, Tamil Nadu
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	15.07.1998
Com. Reg. No.:	18-040815
Capital Investment / Paid-up Capital :	Rs. 163.977 Millions
CIN No.: [Company Identification No.]	U13209TN1998PTC040815
IEC No.:	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	CHEA02962B
PAN No.: [Permanent Account No.]	Not Divulged
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of Granite Slabs.
No. of Employees :	200 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (33)

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

Maximum Credit Limit :	USD 10000000
Status :	Moderate
Payment Behaviour :	Slow but Correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track. The rating are constrained by the high working capital intensive nature of its operations and the fragmented and intensively competitive nature of the granite industry. However, trade relations seems to be fair. Business is active Payment terms are reported as slow but correct. In view of experienced promoters, the company can be considered for business dealings with 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 – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
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

N E W S

Verdict Implications : Apex court order may alter coal import dynamics. Traders go slow on talks over coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.

Recent arrest of the Chennai head of the Registrar of Companies, the ministry of corporate affairs arm that ensures that companies file all the information required by the Companies Act is the latest manifestation of a messy fight between a father and his adopted son for the control of Rs 40000 mn business empire. The Central Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10 lakhs as bribe from M A M Ramaswamy, a CBI official said.

Central Bureau of Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.

Infosys maintains revenue guidance. COO Rao says attrition still an area of concern and it would take a few more quarters to bring down levels to 13-15 %.

DHL  to invest Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its e-commerce business model for the Asia-Pacific region.

Blackstone may buy stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.

Kingfisher Airlines Ltd grounded in October 2012 under the weight of heavy debt and accumulated losses, recently approached the Delhi high court for relief in two separate cases. The airline challenged a notice by Punjab & National Bank alleging that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to comply with the requirements under the listing agreements with the Stock Exchanges.

OnMobile likely to sack another 300 employees. The lay-offs follow a spate of senior-level exits over the past two years, starting with of its founder. The overall lay-offs could number around 600 and are driven by the need to cut costs, says a former employee.

EXTERNAL AGENCY RATING

Rating Agency Name	INDIA RATING AND RESEARCH
Rating	Long term loan B +
Rating Explanation	High risk of default regarding timely servicing of financial obligations
Date	27.05.2013

Rating Agency Name	INDIA RATING AND RESEARCH
Rating	Non Fund based limits A4
Rating Explanation	Minimal degree of safety and high credit risk
Date	27.05.2013

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 31-03-2014.

INFORMATION PARTED BY (GENERAL DETAILS)

Name :	Mr. Murthi
Designation :	Accountant
Contact No.:	91-44-25340061
Date :	04.12.2014

LOCATIONS

Registered Office :	282, Linghi Chetty Street, Chennai-600 001, Tamilnadu, India
Tel. No.:	91-44-25340061
Fax No.:	91-44-25340435
E-Mail :	sales@allianceminerals.com amplco@gmail.com
Location :	Owned
Factory :	Nellore Dust Andhra Pradesh

DIRECTORS

As on 30.09.2014

Name :

Mr. Samir Goenka

Designation :

Director

Address :

No.9, Old No. 4 Maharaja Suryarao Road, Alwarpet, Chennai -600018, Tamil Nadu, India

Date of Birth/Age :

06.10.1964

Date of Appointment :

15.07.1998

DIN No.:

00574955

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	U13200TN1974PLC006655	GIMPEX LIMITED	Managing director	01-04-11	01-11-86	-	Active	NO
2	U14299TN1992PLC022467	GIMPEX METAL LIMITED	Director	08-04-92	08-04-92	-	Active	NO
3	U52599TN1991PTC020922	SIBELCO INDIA MINERALS PRIVATE LIMITED	Director	22-08-94	22-08-94	05-10-10	Active	NO
4	U70101TN1995PLC034015	GANADHYAKSHYA PROPERTIES LIMITED	Director	29-12-95	29-12-95	-	Active	NO
5	U29309TN1998PTC040543	CENOSPHERE INDIA PRIVATE LIMITED	Director	21-05-98	21-05-98	-	Active	NO
6	U13209TN1998PTC040815	Alliance GraniMarmo Private Limited	Director	15-07-98	15-07-98	-	Active	NO
7	U45202TN2001PTC047457	GIMPEX PROPERTIES PRIVATE LIMITED	Director	17-07-01	17-07-01	-	Active	NO
8	U14102TN1999PTC054392	MERCURY GRANITES PRIVATE LIMITED	Director	10-06-04	10-06-04	-	Amalgamated	NO
9	U15141TN1986PTC013236	STONE & SLATES PRIVATE LIMITED	Director	02-07-04	02-07-04	-	Amalgamated	NO
10	U13100TN2005PLC057689	ANDHRA PRADESH IRON ORE COMPANY LIMITED	Director	27-09-05	27-09-05	-	Active	NO
11	U14102TN2005PTC055688	INDIAN REALSTONES PRIVATE LIMITED	Director	28-07-06	28-07-06	-	Amalgamated	NO
12	U14102TN2007PTC063962	ALLIANCE ANDHRA PRADESH BLACK GALAXY GRANITES PRIVATE LIMITED	Director	14-06-07	14-06-07	-	Active	NO
13	U14215TN2008PTC069736	GIMPEX AP BARYTES BENEFICIATION PRIVATE LIMITED	Director	03-11-08	03-11-08	-	Active	NO
14	U14219TN1999PTC095855	MAA SARALA GRAPHITE PRIVATE LIMITED	Director	02-04-09	02-04-09	-	Active	NO
15	U13100TG2009PTC063631	ONGOLE IRON ORE MINING COMPANY Private LIMITED	Director	11-05-09	11-05-09	-	Active	NO
16	U13204TN2011PTC078850	SAMIGO MINERAL PRIVATE LIMITED	Director	17-01-11	17-01-11	-	Active	NO
17	U13203GJ2012PTC071156	GIMPEX-S&B INDIA PRIVATE LIMITED	Director	16-07-12	16-07-12	-	Active	NO

Name :

Mr. Shiv Prakash Goenka

Designation :

Director

Address :

No.9, Old No. 4 Maharaja Suryarao Road, Alwarpet, Chennai -600018, Tamil Nadu, India

Date of Birth/Age :

10.08.1940

Date of Appointment :

15.07.1998

DIN No.:

00574986

Others 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	U13200TN1974PLC006655	GIMPEX LIMITED	Managing director	01-04-11	04-07-74	-	Active	NO
2	U14299TN1992PLC022467	GIMPEX METAL LIMITED	Director	08-04-92	08-04-92	-	Active	NO
3	U70101TN1995PLC034015	GANADHYAKSHYA PROPERTIES LIMITED	Director	29-12-95	29-12-95	-	Active	NO
4	U13209TN1998PTC040815	Alliance GraniMarmo Private Limited	Director	15-07-98	15-07-98	-	Active	NO
5	U45202TN2001PTC047457	GIMPEX PROPERTIES PRIVATE LIMITED	Director	17-07-01	17-07-01	-	Active	NO
6	U14101TN2003PTC050753	S.P.G. & COMPANY PRIVATE LIMITED	Director	24-04-03	24-04-03	-	Under Process of Striking off	NO
7	U29309TN1998PTC040543	CENOSPHERE INDIA PRIVATE LIMITED	Director	19-05-14	18-08-03	-	Active	NO
8	U14102TN1999PTC054392	MERCURY GRANITES PRIVATE LIMITED	Director	10-06-04	10-06-04	-	Amalgamated	NO
9	U15141TN1986PTC013236	STONE & SLATES PRIVATE LIMITED	Director	02-07-04	02-07-04	-	Amalgamated	NO
10	U14102TN2007PTC063962	ALLIANCE ANDHRA PRADESH BLACK GALAXY GRANITES PRIVATE LIMITED	Director	14-06-07	14-06-07	-	Active	NO
11	U13100TN2005PLC057689	ANDHRA PRADESH IRON ORE COMPANY LIMITED	Director	30-06-07	30-06-07	-	Active	NO
12	U14215TN2008PTC069736	GIMPEX AP BARYTES BENEFICIATION PRIVATE LIMITED	Director	03-11-08	03-11-08	-	Active	NO
13	U13100TG2009PTC063631	ONGOLE IRON ORE MINING COMPANY Private LIMITED	Director	11-05-09	11-05-09	-	Active	NO
14	U13204TN2011PTC078850	SAMIGO MINERAL PRIVATE LIMITED	Director	17-01-11	17-01-11	-	Active	NO

Name :

Mr. Binod Kumar Choudhary

Designation :

Director

Address :

Flat 3 B, 3^rd Floor , Starwbery Apartments, 20 Casa Major Road, Chennai – 600008, Tamil Nadu, India

Date of Birth/Age :

22.07.1955

Date of Appointment :

02.06.2004

DIN No.:

00769002

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	U13200TN1974PLC006655	GIMPEX LIMITED	Whole-time director	01-04-11	01-11-86	-	Active	NO
2	U14299TN1992PLC022467	GIMPEX METAL LIMITED	Director	08-04-92	08-04-92	-	Active	NO
3	U52599TN1991PTC020922	SIBELCO INDIA MINERALS PRIVATE LIMITED	Director	22-08-94	22-08-94	05-10-10	Active	NO
4	U45202TN2001PTC047457	GIMPEX PROPERTIES PRIVATE LIMITED	Director	17-07-01	17-07-01	-	Active	NO
5	U29309TN1998PTC040543	CENOSPHERE INDIA PRIVATE LIMITED	Director	19-05-14	18-08-03	-	Active	NO
6	U13209TN1998PTC040815	Alliance GraniMarmo Private Limited	Director	02-06-04	02-06-04	-	Active	NO
7	U14102TN1999PTC054392	MERCURY GRANITES PRIVATE LIMITED	Director	10-06-04	10-06-04	-	Amalgamated	NO
8	U13100TN2005PLC057689	ANDHRA PRADESH IRON ORE COMPANY LIMITED	Director	27-09-05	27-09-05	-	Active	NO
9	U14102TN2005PTC055688	INDIAN REALSTONES PRIVATE LIMITED	Director	28-07-06	28-07-06	-	Amalgamated	NO
10	U15141TN1986PTC013236	STONE & SLATES PRIVATE LIMITED	Director	31-07-06	31-07-06	-	Amalgamated	NO
11	U14102TN2007PTC063962	ALLIANCE ANDHRA PRADESH BLACK GALAXY GRANITES PRIVATE LIMITED	Director	14-06-07	14-06-07	-	Active	NO
12	U70101TN1995PLC034015	GANADHYAKSHYA PROPERTIES LIMITED	Director	29-09-08	29-09-08	18-09-14	Active	NO
13	U14215TN2008PTC069736	GIMPEX AP BARYTES BENEFICIATION PRIVATE LIMITED	Director	03-11-08	03-11-08	-	Active	NO
14	U14219TN1999PTC095855	MAA SARALA GRAPHITE PRIVATE LIMITED	Director	02-04-09	02-04-09	-	Active	NO
15	U13100TG2009PTC063631	ONGOLE IRON ORE MINING COMPANY Private LIMITED	Managing director	12-01-10	11-05-09	-	Active	NO
16	U14200TN2010PTC074326	AMPL GRANITES PRIVATE LIMITED	Director	21-01-10	21-01-10	-	Active	NO
17	U13204TN2011PTC078850	SAMIGO MINERAL PRIVATE LIMITED	Director	17-01-11	17-01-11	-	Active	NO
18	U13203GJ2012PTC071156	GIMPEX-S&B INDIA PRIVATE LIMITED	Director	16-07-12	16-07-12	31-07-14	Active	NO

Name :

Mr. Anurag Taparia

Designation :

Director

Address :

No 127 A, 2101 T V H Lumibini Square, Bricklien Road, Purasaiwakkam, Chennai – 600007, Tamil Nadu, India

Date of Birth/Age :

20.03.1974

Date of Appointment :

31.12.2013

DIN No.:

00927501

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	U14102TN1999PTC054392	MERCURY GRANITES PRIVATE LIMITED	Director	15-05-03	15-05-03	06-08-10	Amalgamated	NO
2	U14102TN2005PTC055688	INDIAN REALSTONES PRIVATE LIMITED	Director	17-03-05	17-03-05	06-08-10	Amalgamated	NO
3	U45203TN2005PTC055866	M3 INFRASTRUCTURE PRIVATE LIMITED	Director	11-07-12	11-07-12	08-10-13	Active	NO
4	U13209TN1998PTC040815	Alliance GraniMarmo Private Limited	Managing director	31-12-13	10-06-13	-	Active	NO
5	U13203GJ2012PTC071156	GIMPEX-S&B INDIA PRIVATE LIMITED	Additional director	27-02-14	27-02-14	31-07-14	Active	NO

Name :

Mr. Amitabh Avnish Kumar

Designation :

Director

Address :

Flat No.4 F, Block III, Rani Meyammi Towers, Ra Puram, Chennai-600028, Tamilnadu, India

Date of Birth/Age :

22.11.1962

Date of Appointment :

31.08.2010

DIN No.:

03274710

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	U29309TN1998PTC040543	CENOSPHERE INDIA PRIVATE LIMITED	Director	19-05-14	27-08-10	-	Active	NO
2	U13209TN1998PTC040815	Alliance GraniMarmo Private Limited	Director	31-08-10	31-08-10	-	Active	NO
3	U13203GJ2012PTC071156	GIMPEX-S&B INDIA PRIVATE LIMITED	Director	16-07-12	16-07-12	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Murthi
Designation :	Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.9.2014

Names of Shareholders	No. of Shares	% of Age
Shiv Prakash Goenka	5129899	31.28
Samir Goenka	2742601	16.73
Gimpex Limited, India	2515000	15.34
SPG Singapore	1495234	9.12
Gimpex Metal Limited, India	10000	0.06
Anupam Granites Private Limited, India	200000	1.22
KA Capital, India	200000	1.22
M3 Infrastructure Private Limited, India	2750000	16.77
Asia Alliance Holding PTE, Singapore	1130000	6.89
Roshan Housing Projects Private Limited, India	225000	1.37
Total	16397734	100.00

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	16.00
Bodies corporate	33.54
Directors or relatives of Directors	49.22
Other top fifty shareholders	1.24
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of Granite Slabs.

Products :

Item Code No. (ITC Code)	Product Description
5801, 58010040	Marbles

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

Exports :

Products :

Finished Goods

Countries :

v Europe

v USA

Imports :

Products :

Stone Material

Countries :

v Italy

v Europe

Terms :

Selling :

Cash and Cheque

Purchasing :

Cash and Cheque

GENERAL INFORMATION

Suppliers :

Shree Krishna Granite – Andhra Pradesh

Customers :

Wholesalers, Retailers

v RR Granity – Poland

No. of Employees :

200 (Approximately)

Bankers :

• Corporation Bank, 101 Armenian Street, Chennai-600001, Tamil Nadu, India
• HDFC Bank limited, HDFC Bank Housesenapti Bapat Marg, Lower Parel West, Mumbai – 400013, Maharashtra, India

Banker Name	Syndicate bank
Branch Address	Armenian Street Branch
Person Name (With Designation)	Mr. Jairam (Chief Managaer)
Contact Number	91-44-25224101
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	7 Years Ago
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Over Draft = Rs. 20.000 Millions, Term loan Rs. 270.000 Millions
Account Operation	Not Divulged
Remarks (If any)	Mr. Jairam informed that company having very good track record with banking

Facilities :

(Rs. In Millions)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
Long Term Borrowing
Rupee Term Loan From Banks	187.286	233.191
Short Term Borrowing
Loans repayable on demand	260.685	211.494
Total	447.971	444.685

Auditors :
Name :	Krishnan and Giri Chartered Accountants
Address :	No. 72, Thatha Muthiappan Street, Chennai, Tamilnadu-600 001
Tel. No.:	91-44-25233837
Pan No.:	AAAFK4344F
Related Parties :	SPG Mining Private Limited, India
Associates/Subsidiaries :	Alliance Andhra Pradesh Black Galaxy Granites

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
25500000	Equity Shares	Rs.10/- each	Rs.255.000 Millions

Isued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
16397734	Equity Shares	Rs.10/- each	Rs. 163.977 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	163.977	163.977	161.727
(b) Reserves & Surplus	187.937	176.936	179.880
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	351.914	340.913	341.607
(3) Non-Current Liabilities
(a) long-term borrowings	424.074	422.401	406.528
(b) Deferred tax liabilities (Net)	46.192	44.190	44.820
(c) Other long term liabilities	51.465	20.719	14.087
(d) long-term provisions	3.027	3.379	3.238
Total Non-current Liabilities (3)	524.758	490.689	468.673
(4) Current Liabilities
(a) Short term borrowings	299.828	229.004	296.037
(b) Trade payables	91.721	108.328	107.876
(c) Other current liabilities	80.900	62.489	35.915
(d) Short-term provisions	10.719	13.918	11.385
Total Current Liabilities (4)	483.168	413.739	451.213
TOTAL	1359.840	1245.341	1261.493
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	420.530	455.641	415.947
(ii) Intangible Assets	5.013	5.093	5.095
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	160.456	55.647	96.152
(c) Deferred tax assets (net)	0.995	0.962	0.954
(d) Long-term Loan and Advances	42.573	46.650	24.575
(e) Other Non-current assets	83.292	31.389	10.063
Total Non-Current Assets	712.859	595.382	552.786
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	460.333	372.666	352.608
(c) Trade receivables	114.862	205.076	282.108
(d) Cash and cash equivalents	14.817	27.516	8.290
(e) Short-term loans and advances	55.307	42.310	64.902
(f) Other current assets	1.662	2.391	0.799
Total Current Assets	646.981	649.959	708.707
TOTAL	1359.840	1245.341	1261.493

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	TOTAL REVENUE		996.440	769.773	695.881
Less	EXPENSES
		TOTAL	841.616	652.866	572.926
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		124.824	116.907	122.955
Less	FINANCIAL EXPENSES		80.702	90.803	80.089
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		44.122	26.104	42.866
Less/ Add	DEPRECIATION/ AMORTISATION		26.702	27.523	22.269
	PROFIT / LOSS BEFORE TAX		17.420	(1.419)	20.597
Less	TAX		6.419	5.418	10.050
	PROFIT / LOSS AFTER TAX		11.001	(6.837)	10.547
	Earnings Per Share (Rs.)		0.67	(0.42)	0.64

.

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	1.10	(0.89)	1.52
Operating Profit Margin (PBITD/Sales)	(%)	12.53	15.19	17.67
Return on Total Assets (PBT/Total Assets}	(%)	1.45	(0.12)	1.77
Return on Investment (ROI) (PBT/Networth)		0.05	0.00	0.06
Debt Equity Ratio (Total Debt /Networth)		2.06	1.91	2.06
Current Ratio (Current Asset/Current Liability)		1.34	1.57	1.57

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	161.727	163.977	163.977
Reserves & Surplus	179.880	176.936	187.937
Net worth	341.607	340.913	351.914
long-term borrowings	406.528	422.401	424.074
Short term borrowings	296.037	229.004	299.828
Total borrowings	702.565	651.405	723.902
Debt/Equity ratio	2.057	1.911	2.057

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Total Revenue	695.881	769.773	996.440
		10.618	29.446

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Total Revenue	695.881	769.773	996.440
Profit	10.547	(6.837)	11.001
	1.52%	(0.89%)	1.10%

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	Yes
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

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
Long Term Borrowing
Loans and advance from banks related parties	236.788	189.210
Short Term Borrowing
Other loans and advance	39.142	17.510
Total	275.930	206.720

INDEX OF CHARGES

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10502309	07/05/2014	19,000,000.00	Corporation Bank	George Town Branch, No.101,Armenian Street, George  Town, Chennai, Tamil Nadu - 600001, INDIA	C06257885
2	10478652	24/01/2014	355,000,000.00	Syndicate Bank	LEELAVATHI BUILDING, 69 ARMENIAN STREET, CHENNAI,  Tamil Nadu - 600001, INDIA	B96814702
3	10473043	10/01/2014	1,400,000.00	Corporation Bank	George Town Branch,, No.101, Armenian Street, George Town, Chennai, Tamil Nadu - 600001, INDIA	B94540457
4	10454609	29/08/2013	561,000.00	Corporation Bank	George Town Branch,, No.101, Armenian Street, George Town,, Chennai, Tamil Nadu - 600001, INDIA	B87360210
5	10454613	29/08/2013	456,000.00	Corporation Bank	George Town Branch,, No.101, Armenian Street, George Town,, Chennai, Tamil Nadu - 600001, INDIA	B87362091
6	10429752	17/05/2013	20,000,000.00	India Factoring and Finance Solutions Private Limited	6th Floor, Vaibhav Chambers, Opposite Income tax, Bandra- Kurla Complex, Bandra (East), Mumbai, Maharashtra - 400051, INDIA	B76591486
7	10332996	05/01/2012	85,000,000.00	Corporation Bank	101 ARMENIAN STREET, Chennai, Tamil Nadu - 600001, INDIA	B31001829
8	10313636	23/09/2011	2,095,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W  , MUMBAI, Maharashtra - 400013, INDIA	B23690803
9	10313841	23/09/2011	2,095,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W  , MUMBAI, Maharashtra - 400013, INDIA	B23791320
10	10159199	05/01/2012 *	574,000,000.00	SYNDICATE BANK	69 ARMENIAN STREET, Chennai, Tamil Nadu - 600001,  INDIA	B31284003

* Date of charge modification

PERFORMANCE REPORT & STATE OF COMPANY AFFAIRS

The company has achieved a turnover of Rs. 9,96.440 Millions for the financial year ended March 31 , 2014 as compared to turnover of Rs . 7,69.773 Millions in the previous year. This represents a growth in the revenue over the previous year. The additional turnover was achieved due to the Company’s marketing strategy during the financial year 01-04-2013 and 31-03-2014.

FIXED ASSETS

• Land
• Factory Building
• Non Factory Building
• Plant and Machinery
• Computer
• Office Equipments
• Furniture and Fittings
• Vehicles

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 records 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. 61.87
UK Pound	1	Rs. 97.01
Euro	1	Rs. 76.12

INFORMATION DETAILS

Information Gathered by :	GYT
Analysis Done by :	SUB
Report Prepared by :	ANU

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	4
--RESERVES	1~10	4
--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	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		33

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.