MIRA INFORM REPORT

Report Date :

06.12.2014

IDENTIFICATION DETAILS

Name :	LIBERTY FROZEN FOODS PRIVATE LIMITED
Registered Office :	Old No.60, New No.30, 28^th Cross Street, Indira Nagar, Chennai – 600020, Tamilnadu
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	12.12.1983
Com. Reg. No.:	18-010518
Capital Investment / Paid-up Capital :	Rs.15.000 Millions
CIN No.: [Company Identification No.]	U15499TN1983PTC010518
TAN No.: [Tax Deduction & Collection Account No.]	CHEL03038A
PAN No.: [Permanent Account No.]	AAACL0869K
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of Shrimp Culture and Handless Shrimps.
No. of Employees :	95 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

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

Maximum Credit Limit :	USD 98000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are fair. Payments are slow correct. The company can be considered normal for business dealings at usual trade terms and conditions.

NOTES:

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

ECGC Country Risk Classification List – 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	ICRA
Rating	Long term fund based facilities=BB+
Rating Explanation	Moderate risk of default regarding timely servicing of financial obligations.
Date	June, 2014

Rating Agency Name	ICRA
Rating	Short term non fund based facilities=A4+
Rating Explanation	Minimal degree of safety and very high credit risk.
Date	June, 2014

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. Durai
Designation :	Account Executive
Contact No.:	91-44-45520013
Date :	02.12.2014

LOCATIONS

Registered Office :	Old No.60, New No.30, 28^th Cross Street, Indira Nagar, Chennai – 600020, Tamilnadu, India
Tel. No.:	91-44-45520012 / 13
Fax No.:	91-44-45520014
E-Mail :	accounts@libertyfoods.net
Website :	www.libertyfoods.net
Factory :	“A” Block, I.D.A. Auto Nagar, Visakhapatnam – 530012, Andhra Pradesh, India

DIRECTORS

AS ON 29.09.2014

Name :

Mr. Afzal Esmail Kader

Designation :

Director

Address :

31, Liberty House, Farookh S. Oomerbhoy Path, Agri Pada, Mumbai – 400008, Maharashtra, India

Date of Birth/Age :

03.10.1953

Date of Appointment :

12.12.1983

DIN No.:

01275547

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	U15120TN1973PTC006322	DEVI MARINE FOOD EXPORTS PRIVATE LIMITED	Director	16/03/1978	16/03/1978	-	Active	NO
2	U63022MH1980PTC023048	LIBERTY COLD STORAGE BOMBAY PRIVATE LIMITED	Director	30/08/1980	30/08/1980	-	Active	NO
3	U93090TN1981PTC034315	KADER INVESTMENT AND TRADING COMPANY PRIVATE LIMITED	Director	05/11/1981	05/11/1981	-	Active	NO
4	U15499TN1983PTC010518	LIBERTY FROZEN FOODS PRIVATE LIMITED	Director	12/12/1983	12/12/1983	-	Active	NO
5	U63023TN1984PTC010904	UNIVERSAL COLD STORAGE PRIVATE LIMITED	Director	30/05/1984	30/05/1984	-	Active	NO
6	U15142MH1978PTC020372	KADER EXPORTS PRIVATE LIMITED	Director	26/09/1988	26/09/1988	-	Active	NO
7	U29191TN1976PTC007850	LIBERTY COLD STORAGE PRIVATE LIMITED	Director	20/10/1988	20/10/1988	-	Active	NO
8	U05001TN1993PTC026295	VITAL HATCHERIES PRIVATE LIMITED	Director	01/12/1993	01/12/1993	-	Active	NO
9	U65990MH1978PTC020458	LIBERTY INVESTMENTS PRIVATE LIMITED VT LTD	Director	31/10/1998	31/10/1998	-	Active	NO
10	U15140MH1978PLC020274	LIBERTY OIL MILLS LIMITED	Director	30/01/2003	30/01/2003	-	Active	NO
11	U74999TN2013PTC090407	LIBERTY CARRIERS PRIVATE LIMITED	Director	03/04/2013	03/04/2013	-	Active	NO
12	U74999TN2013PTC090476	PREMIER MARINE PRODUCTS PRIVATE LIMITED	Director	08/04/2013	08/04/2013	-	Active	NO

Name :

Mr. Parvez Hamza Kader

Designation :

Director

Address :

31, Liberty House, Farookh S. Oomerbhoy Path, Agri Pada, Mumbai – 400008, Maharashtra, India

Date of Birth/Age :

02.06.1959

Date of Appointment :

12.12.1983

DIN No.:

00546469

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	U15120TN1973PTC006322	DEVI MARINE FOOD EXPORTS PRIVATE LIMITED	Director	16/03/1978	16/03/1978	-	Active	NO
2	U15140MH1978PLC020274	LIBERTY OIL MILLS LIMITED	Managing director	01/10/2012	07/04/1978	-	Active	NO
3	U63022MH1980PTC023048	LIBERTY COLD STORAGE BOMBAY PRIVATE LIMITED	Director	30/08/1980	30/08/1980	-	Active	NO
4	U93090TN1981PTC034315	KADER INVESTMENT AND TRADING COMPANY PRIVATE LIMITED	Director	05/11/1981	05/11/1981	-	Active	NO
5	U15499TN1983PTC010518	LIBERTY FROZEN FOODS PRIVATE LIMITED	Director	12/12/1983	12/12/1983	-	Active	NO
6	U63023TN1984PTC010904	UNIVERSAL COLD STORAGE PRIVATE LIMITED	Director	30/05/1984	30/05/1984	-	Active	NO
7	U65990MH1978PTC020458	LIBERTY INVESTMENTS PRIVATE LIMITED VT LTD	Director	31/10/1998	31/10/1998	-	Active	NO
8	U01112TN2002PTC049571	LIBERTY AGRI PRODUCTS PRIVATE LIMITED	Director	09/09/2002	09/09/2002	-	Active	NO
9	U63020MH1998PTC115926	KISSAN WAREHOUSE PRIVATE LIMITED	Director	01/02/2003	01/02/2003	-	Active	NO
10	U15141MH2004PTC128747	LIBERTY FOODS PRIVATE LIMITED	Director	30/09/2004	30/09/2004	-	Active	NO
11	U15140MH2004PTC149085	LIBERTY INDUSTRIES PRIVATE LIMITED	Director	11/10/2004	11/10/2004	-	Active	NO
12	U99999MH1938GAP002843	THE BOMBAY COMMODITY EXCHANGE LIMITED	Director	31/12/2005	31/12/2005	02/02/2008	Active	NO
13	U91110MH1971NPL015233	THE SOLVENT EXTRACTORS ASSOCIATION OF INDIA	Director	22/09/2006	22/09/2006	-	Active	NO
14	U25209DL1996NPL078182	THE CENTRAL ORGANISATION FOR OIL INDUSTRY AND TRADE	Director	22/09/2006	22/09/2006	-	Active	NO
15	U74999TN2013PTC090407	LIBERTY CARRIERS PRIVATE LIMITED	Director	03/04/2013	03/04/2013	-	Active	NO
16	U74999TN2013PTC090476	PREMIER MARINE PRODUCTS PRIVATE LIMITED	Director	08/04/2013	08/04/2013	-	Active	NO

Name :

Mr. Najib Hamza Kader

Designation :

Director

Address :

31, Liberty House, Farookh S. Oomerbhoy Path, Agri Pada, Mumbai – 400008, Maharashtra, India

Date of Birth/Age :

14.11.1967

Date of Appointment :

01.10.1986

DIN No.:

00547214

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	U63022MH1980PTC023048	LIBERTY COLD STORAGE BOMBAY PRIVATE LIMITED	Director	30/09/1986	30/09/1986	-	Active	NO
2	U15499TN1983PTC010518	LIBERTY FROZEN FOODS PRIVATE LIMITED	Director	01/10/1986	01/10/1986	-	Active	NO
3	U15120TN1973PTC006322	DEVI MARINE FOOD EXPORTS PRIVATE LIMITED	Director	01/10/1986	01/10/1986	-	Active	NO
4	U63023TN1984PTC010904	UNIVERSAL COLD STORAGE PRIVATE LIMITED	Director	01/10/1986	01/10/1986	-	Active	NO
5	U65990MH1978PTC020458	LIBERTY INVESTMENTS PRIVATE LIMITED VT LTD	Director	15/12/1995	15/12/1995	-	Active	NO
6	U15140MH1978PLC020274	LIBERTY OIL MILLS LIMITED	Director	30/01/2003	30/01/2003	-	Active	NO

Name :

Mr. Abdul Razzak Ganj

Designation :

Director

Address :

Flat No.7, Shalimar Garden, 5^th Valmigi Street, Injambakkam, Chennai – 600115, Tamilnadu, India

Date of Birth/Age :

17.12.1946

Date of Appointment :

01.10.1986

DIN No.:

02414699

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	U15120TN1973PTC006322	DEVI MARINE FOOD EXPORTS PRIVATE LIMITED	Director	01/10/1986	01/10/1986	-	Active	NO
2	U15499TN1983PTC010518	LIBERTY FROZEN FOODS PRIVATE LIMITED	Director	01/10/1986	01/10/1986	-	Active	NO
3	U63023TN1984PTC010904	UNIVERSAL COLD STORAGE PRIVATE LIMITED	Director	01/10/1986	01/10/1986	-	Active	NO
4	U15142MH1978PTC020372	KADER EXPORTS PRIVATE LIMITED	Director	26/09/1988	26/09/1988	-	Active	NO
5	U93090TN1981PTC034315	KADER INVESTMENT AND TRADING COMPANY PRIVATE LIMITED	Director	17/09/1990	17/09/1990	-	Active	NO
6	U74999TN2013PTC090476	PREMIER MARINE PRODUCTS PRIVATE LIMITED	Director	22/07/2013	22/07/2013	-	Active	NO

Name :

Mr. Zaid Afzal Kader

Designation :

Director

Address :

31, Liberty House, Farookh S. Oomerbhoy Path, Agri Pada, Mumbai – 400008, Maharashtra, India

Date of Birth/Age :

31.01.1989

Date of Appointment :

29.09.2014

DIN No.:

03554382

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	U15140MH1978PLC020274	LIBERTY OIL MILLS LIMITED	Whole-time director	01/10/2011	17/06/2011	-	Active	NO
2	U15120TN1973PTC006322	DEVI MARINE FOOD EXPORTS PRIVATE LIMITED	Director	29/09/2014	09/12/2013	-	Active	NO
3	U74999TN2013PTC090476	PREMIER MARINE PRODUCTS PRIVATE LIMITED	Director	29/09/2014	10/12/2013	-	Active	NO
4	U63023TN1984PTC010904	UNIVERSAL COLD STORAGE PRIVATE LIMITED	Director	29/09/2014	11/12/2013	-	Active	NO
5	U93090TN1981PTC034315	KADER INVESTMENT AND TRADING COMPANY PRIVATE LIMITED	Director	29/09/2014	12/12/2013	-	Active	NO
6	U15142MH1978PTC020372	KADER EXPORTS PRIVATE LIMITED	Additional director	13/12/2013	13/12/2013	-	Active	NO
7	U15499TN1983PTC010518	LIBERTY FROZEN FOODS PRIVATE LIMITED	Director	29/09/2014	14/12/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Durai
Designation :	Account Executive

MAJOR SHAREHOLDERS

AS ON 29.09.2014

Names of Shareholders	No. of Shares
Afzal Esmial Kader	1540
Parvez Hamza Kader	250
Zebunnisa Hamza Mill Wala	500
Roshna Esmial Kader	700
Liberty Investments Private Limited	1510
Devi Marine Food Exports limited	30500
Universal Cold Storage Private Limited	70000
Kader Exports Private Limited	40000
Kader Investment and Trading Company Private Limited	5000
Total	150000

Equity Share Break up (Percentage of Total Equity)

AS ON 29.09.2014

Category	Percentage
Bodies corporate	98.00
Directors or relatives of Directors	2.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of Shrimp Culture and Handless Shrimps.

Products :

Item Code Number (ITC Code)	Product Description
3061310	Headless Shrimps

· Raw PD Tail On

· Butterfly Shrimp

· EZ PEEL

· Cooked Head On

· Crab

· Cuttle Fish

· Cuttle Fish

· Head Less Fresh Water

· Head Less Tiger - Block

· Head On Tiger

Brand Names :

--

Agencies Held :

--

Exports :

Products :

Finished Goods

Countries :

· Japan

· USA

Imports :

Not Divulged

Terms :

Selling :

Cash and Credit

Purchasing :

Cash and Credit

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Not Divulged

Customers :

Not Divulged

No. of Employees :

95 (Approximately)

Bankers :

· Union Bank of India, G. N. Chetty Road, Chennai, Tamilnadu, India

· Union Bank of India, Overseas Branch, No. 139, Prakasam Salai, First Floor, Union Bank Bhavan, Broadway, Chennai – 600108, Tamilnadu, India

Facilities :

SECURED LOANS	31.03.2014 Rs. In Millions
Short Term Borrowings
From Banks
Packing Credit from UBI (Secured by hypothecation of stocks, collateral property and personal guarantee of the directors)	64.400
Car loan from HDFC Bank	0.080
Total	64.480

Banking Relations :	--
Auditors :
Name :	Vijayaraghavan and Associates Chartered Accountants
Address :	51, Giri Road, T. Nagar, Chennai – 600017, Tamilnadu, India
Tel. No.:	91-44-28340273 / 42121335
Fax No.:	91-44-28345223
E-Mail :	pbvassociates@gmail.com
PAN No.:	AAAFV1842R
Membership :	--
Associates/Subsidiaries :	--

CAPITAL STRUCTURE

AS ON 29.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
150000	Equity Shares	Rs.100/- each	Rs.15.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
150000	Equity Shares	Rs.100/- each	Rs.15.000 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	15.000	15.000	15.000
(b) Reserves & Surplus	19.330	11.128	9.890
(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)	34.330	26.128	24.890
(3) Non-Current Liabilities
(a) long-term borrowings	32.395	26.115	6.007
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.828	0.568	0.381
Total Non-current Liabilities (3)	33.223	26.683	6.388
(4) Current Liabilities
(a) Short term borrowings	64.487	75.556	75.743
(b) Trade payables	77.835	57.376	20.793
(c) Other current liabilities	3.675	3.224	2.420
(d) Short-term provisions	6.635	2.323	2.216
Total Current Liabilities (4)	152.632	138.479	101.172
TOTAL	220.185	191.290	132.450
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	6.018	2.971	0.904
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	2.811	1.136
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.201	0.201	0.201
(c) Deferred tax assets (net)	0.288	0.208	0.139
(d) Long-term Loan and Advances	0.316	0.120	0.065
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	6.823	6.311	2.445
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	162.281	144.813	101.849
(c) Trade receivables	11.977	20.937	4.061
(d) Cash and cash equivalents	8.219	3.306	10.952
(e) Short-term loans and advances	9.454	5.464	7.831
(f) Other current assets	21.431	10.459	5.312
Total Current Assets	213.362	184.979	130.005
TOTAL	220.185	191.290	132.450

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	765.876	366.050	343.431
		Other Income	72.163	25.661	33.572
		TOTAL (A)	838.039	391.711	377.003
Less	EXPENSES (B)		820.560	382.779	366.809
	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		17.479	8.932	10.194
Less	FINANCIAL EXPENSES (D)		3.403	5.730	7.769
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		14.076	3.202	2.425
Less	DEPRECIATION/ AMORTISATION (F)		1.574	0.614	0.219
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		12.502	2.588	2.206
Less	TAX (H)		4.300	1.000	0.800
	PROFIT/(LOSS) AFTER TAX (G-H) (I)		8.202	1.588	1.406
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		11.128	9.889	8.483
Less:	Provision for Income tax of earlier years adjusted		0.000	0.349	0.000
	BALANCE CARRIED TO THE B/S		19.330	11.128	9.889
	EARNINGS IN FOREIGN CURRENCY		741.109	351.824	366.050
	Earnings Per Share (Rs.)		0.06	--	--

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin PAT / Sales	(%)	1.07	0.43	0.41
Operating Profit Margin (PBDIT/Sales)	(%)	2.28	2.44	2.97
Return on Total Assets (PBT/Total Assets}	(%)	5.69	1.38	1.68
Return on Investment (ROI) (PBT/Networth)		0.36	0.10	0.09
Debt Equity Ratio (Total Debt /Networth)		2.82	3.89	3.28
Current Ratio (Current Asset/Current Liability)		1.40	1.34	1.28

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	15.000	15.000	15.000
Reserves & Surplus	9.890	11.128	19.330
Net worth	24.890	26.128	34.330
long-term borrowings	6.007	26.115	32.395
Short term borrowings	75.743	75.556	64.487
Total borrowings	81.750	101.671	96.882
Debt/Equity ratio	3.284	3.891	2.822

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
Sales	343.431	366.050	765.876
		6.586	109.227

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	Rs. In Millions	Rs. In Millions	Rs. In Millions
Sales	343.431	366.050	765.876
Profit	1.406	1.588	8.202
	0.41%	0.43%	1.07%

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	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
21]	Market information	----------
22]	Litigations that the firm / promoter involved in	----------
23]	Banking Details	Yes
24]	Banking facility details	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 3/284, Mutukadu Road, Neelangarai, Madras – 600041, Tamilnadu, India to the present address w.e.f. 01.06.2012

UNSECURED LOANS:

Particulars	31.03.2014 Rs. In Millions
Long Term Borrowings
Other loans and advances	32.395
Short Term Borrowings
From Banks (UBI)
Credit balance in Current Account with UBI from directors	0.007
Total	32.402

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	90307643	27/08/2014 *	240,000,000.00	UNION BANK OF INDIA	OVERSEAS BRANCH, FIRST FLOOR, UNION BANK BHAVAN, BROADWAY, CHENNAI, TAMIL NADU - 600108, INDIA	C22378483
2	90308370	03/09/1984	1,000,000.00	BANQUE INDOSUEZ	115; MAHATMA GANDHI ROAD, BOMBAY, MAHARASHTRA - 400023, INDIA	-

*Date of modification Charges

FIXED ASSETS:

· Plant and Equipment

· Computers

· Furniture and Fittings

· Vehicles

· Effluent Treatment Plant

· Machinery

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.61.85
UK Pound	1	Rs.96.73
Euro	1	Rs.76.53

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	SUB
Report Prepared by :	NKT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	4
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		43

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.