MIRA INFORM REPORT

Report Date :

18.12.2014

IDENTIFICATION DETAILS

Name :	ARUPPUKOTTAI SHRI RAMALINGA ROLLER FLOUR MILLS LIMITED (w.e.f. 25.06.2009)
Formerly Known As :	ARUPPUKOTTAI SHRI RAMALINGA ROLLER FLOUR MILLS PRIVATE LIMITED
Registered Office :	2/864, JAYA Vilas Bangalow, Kanjan Naicken Patti, Sempatti Post, Arupukottai TK, Kamarajar Dist 626101, Tamilnadu
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	31.10.1996
Com. Reg. No.:	18-036817
Capital Investment / Paid-up Capital :	Rs. 9.500 Millions
CIN No.: [Company Identification No.]	U15419TN1996PLC036817
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of wheat products
No. of Employees :	200 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (28)

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

Maximum Credit Limit :	USD 120000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. Management of the company has failed to file its latest financial for the year 2014 with Government Department As per available financial, the rating reflects company moderate financial risk profile marked by low profit margin and huge borrowings recorded by the company. However, trade relations are reported as fair. Business is active. Payments terms are reported to be slow but correct. The company can be considered for business dealings 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 – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
India	A1	A1

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

EXTERNAL AGENCY RATING

Not Available

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

Name :	Mr. Senthivel
Designation :	Sales Department
Contact No.:	91-9095966664
Date :	17.12.2014

LOCATIONS

Registered Office :	2/864, JAYA Vilas Bangalow, Kanjan Naicken Patti, Sempatti Post, Arupukottai TK, Kamarajar Dist 626101, Tamilnadu, India
Tel. No.:	91-4566-282615
Mobile No.:	91-9095966664 (Mr. Senthivel)
Fax No.:	91-4566-282273
E-Mail :	rm@ramalingafoods.com
Website :	http://www.ramalinga.in
Area :	Owned
Factory :	T.R.S. Nagar, Nelakanda, Mangalam, Aruppukottai – 626101, Tamilnadu, India

DIRECTORS

AS ON 25.09.2013

Name :

Mr. T. R. Subbaraj Vijairam

Designation :

Director

Address :

No. 2/864, Jayavilas Bungalow, Anjanaickanpatti, Sempatti Post, Aruppukottai, Tamilnadu, India

Date of Birth/Age :

02.04.1958

Date of Appointment :

31.10.1996

DIN No. :

00038930

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	U60221TN1951PLC000161	ARUPPUKOTTAI SRI JAYA VILAS LIMITED	Whole-time director	28/11/2009	21/06/1985	-	Active	NO
2	U65191TN1989PTC018291	SRI JAYAVILAS SUBBARAJ FINANCE PRIVATE LIMITED	Director	07/11/1989	07/11/1989	-	Strike off	NO
3	U35111TN1983PTC010041	JESUDASONS PRIVATE LIMITED	Director	27/11/1991	27/11/1991	-	Active	NO
4	U17111TN1992PTC022526	SHRI JAYAVARTHAN SPINNING MILL PRIVATE LIMITED	Director	22/04/1992	22/04/1992	05/10/2011	Amalgamated	NO
5	U17111TN1992PTC022984	SRI SATHU SPINNING MILLS PRIVATE LTD	Director	01/07/1992	01/07/1992	05/10/2011	Amalgamated	NO
6	U60210TN1979PTC007792	SRI TIRUMALAI TRANSPORTS PRIVATE LIMITED	Director	07/09/1994	07/09/1994	-	Active	NO
7	U67120TN1995PTC030408	SREE KOPPAMMAL COTTON SPINNING MILLS PRIVATE LIMITED	Director	08/03/1995	08/03/1995	21/10/2010	Active	NO
8	U15499TN1995PTC033167	SRI JAYAVILAS FARMS PRIVATE LIMITED	Director	09/10/1995	09/10/1995	-	Active	NO
9	U65993TN1996PTC036818	SHRI RAMALINGA INVESTMENTS PRIVATE LIMITED	Director	31/10/1996	31/10/1996	-	Active	NO
10	U15419TN1996PLC036817	ARUPPUKOTTAI SHRI RAMALINGA ROLLER FLOUR MILLS LIMITED	Director	31/10/1996	31/10/1996	-	Active	NO
11	U60210TN1960PTC004291	SRI PANDIAN MOTOR SERVICE PRIVATE LIMITED	Director	01/09/1997	01/09/1997	-	Active	NO
12	U17111TN1998PTC040453	SRIJAYAVILAS SUBBARAJ SPINNING MILLS PRIVATE LIMITED	Director	06/05/1998	06/05/1998	-	Active	NO
13	U60221TN2000PTC045233	SRI JAYAVILAS MOTOR SERVICES PRIVATE LIMITED	Director	22/06/2000	22/06/2000	19/11/2010	Active	NO
14	U24244TN2005PTC056900	TULIP AROMATICS ENTERPRISES PRIVATE LIMITED	Director	13/07/2005	13/07/2005	17/03/2014	Strike off	NO
15	U15499TN1997PTC038996	ARUPPUKOTTAI SHRI RAMALINGA FOOD PRODUCTS PRIVATE LIMITED	Director	06/09/2007	06/09/2007	-	Active	NO
16	U17121TN2009PTC073347	UMADEVI SPINNING MILLS PRIVATE LIMITED	Director	28/10/2009	28/10/2009	-	Active	NO
17	U40106TN2012PTC084983	SRI JAYAVILAS WIND FAARMS PRIVATE LIMITED	Director	16/03/2012	16/03/2012	-	Active	NO

Name :

Mr. Vijairam Umadevi

Designation :

Director

Address :

No. 2/864, Jayavilas Bungalow, Anjanaickanpatti, Sempatti Post, Aruppukottai, Tamilnadu, India

Date of Birth/Age :

07.07.1968

Date of Appointment :

21.11.2007

DIN No. :

00044950

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	U15499TN1997PTC038996	ARUPPUKOTTAI SHRI RAMALINGA FOOD PRODUCTS PRIVATE LIMITED	Director	25/03/1998	25/03/1998	-	Active	NO
2	U15419TN1996PLC036817	ARUPPUKOTTAI SHRI RAMALINGA ROLLER FLOUR MILLS LIMITED	Director	21/11/2007	21/11/2007	-	Active	NO
3	U17121TN2009PTC073347	UMADEVI SPINNING MILLS PRIVATE LIMITED	Director	28/10/2009	28/10/2009	-	Active	NO
4	U40106TN2012PTC084983	SRI JAYAVILAS WIND FAARMS PRIVATE LIMITED	Director	16/03/2012	16/03/2012	-	Active	NO
5	U17111TN1998PTC040453	SRIJAYAVILAS SUBBARAJ SPINNING MILLS PRIVATE LIMITED	Director	16/06/2014	16/06/2014	-	Active	NO

Name :

Mr. Subburaj Subbulakshmi

Designation :

Director

Address :

12, P.T. Rajan Road, II Street, Madurai, Tamilnadu, India

Date of Birth/Age :

15.05.1938

Date of Appointment :

02.02.2007

DIN No. :

00045034

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	U60210TN1960PTC004291	SRI PANDIAN MOTOR SERVICE PRIVATE LIMITED	Director	11/02/1968	11/02/1968	-	Active	NO
2	U60221TN1951PLC000161	ARUPPUKOTTAI SRI JAYA VILAS LIMITED	Director	30/10/1996	30/10/1996	-	Active	NO
3	U15419TN1999PTC043825	SHRI RAMALINGA BREADS PRIVATE LIMITED	Director	23/12/1999	23/12/1999	-	Active	YES
4	U15419TN1996PLC036817	ARUPPUKOTTAI SHRI RAMALINGA ROLLER FLOUR MILLS LIMITED	Director	02/02/2007	02/02/2007	-	Active	NO

Name :

Mr. Vijairam Premsubbaraj

Designation :

Director

Address :

2/864, Tiruchuli Road, Kanchanaickenpatti, Aruppukottai, Tamilnadu, India

Date of Birth/Age :

20.01.1987

Date of Appointment :

07.12.2007

DIN No. :

01955210

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	U15499TN1997PTC038996	ARUPPUKOTTAI SHRI RAMALINGA FOOD PRODUCTS PRIVATE LIMITED	Director	06/09/2007	06/09/2007	-	Active	NO
2	U15419TN1996PLC036817	ARUPPUKOTTAI SHRI RAMALINGA ROLLER FLOUR MILLS LIMITED	Director	07/12/2007	07/12/2007	-	Active	NO
3	U17121TN2009PTC073347	UMADEVI SPINNING MILLS PRIVATE LIMITED	Director	28/10/2009	28/10/2009	-	Active	NO
4	U40106TN2012PTC084983	SRI JAYAVILAS WIND FAARMS PRIVATE LIMITED	Director	16/03/2012	16/03/2012	-	Active	NO
5	U17111TN1994PTC026608	JAYA VELU SPINNING MILLS PRIVATE LIMITED	Director	21/06/2013	15/12/2012	-	Active	NO
6	U17111TN1998PTC040453	SRIJAYAVILAS SUBBARAJ SPINNING MILLS PRIVATE LIMITED	Director	16/06/2014	16/06/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Senthivel
Designation :	Sales Department

MAJOR SHAREHOLDERS

As on 25.09.2013

Names of Shareholders	No. of Equity Shares Fully Paid	No. of Equity Shares Fully Paid Up	No. of Preference Shares
T.R. Subbaraj Vijairam	21779	600	800
T.R. Subbaraj Karthikeyan	1230	300	400
V. Prem Subbaraj	20539	0	0
V. Umadevi	21779	0	0
Aruppukottai sri. Jayavilas Limited	28383	0	0
Total	93710	900	1200

As on 25.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of wheat products
Products :	Not Divulged
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Cash and Cheque
Purchasing :	Cash and Cheque

PRODUCTION STATUS: Not Available

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

No. of Employees :

200 (Approximately)

Bankers :

Banker Name	Union Bank of India
Branch Address	Madurai Main Branch, Rosary Building, Town Hall Road, Madurai – 625001, Tamilnadu, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Banker Name	Tamilnad Mercantile Bank Limited
Branch Address	Aruppukottai Branch, 25, Virudhunagar Road, Aruppukottai - 626101, Tamilnadu, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

SECURED LOANS	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
LONG TERM BORROWINGS
Term Loans
From banks	0.000	2.545
From Non – Banking Finance Company	80.464	63.323
SHORT TERM BORROWINGS
Loans repayable on demand
From banks	138.283	156.167
Total	218.747	222.035

Financial Institutions	Sundaram Finance Limited 21 Patullos Road, Chennai – 600002, Tamilnadu, India
Auditors :
Name :	Shenbagamoorthu and Company Chartered Accountants
Address :	51, Chairman A, Shanmugam Road, Sivakasi – 626123, Tamilnadu, India
PAN No.:	AAUFS6606E
Memberships :	Not Divulged
Collaborators :	Not Divulged
Associates/Subsidiaries :	Not Divulged

CAPITAL STRUCTURE

As on 25.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
95000	Equity Shares	Rs.100/- each	Rs. 9.500 Millions
5000	Preference Shares	Rs.100/- each	Rs. 0.500 Millions
	Total		Rs.10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
94610	Equity Shares	Rs.100/- each	Rs. 9.461 Millions
1200	Preference Shares	Rs.100/- each	Rs. 0.120 Millions
	Total		Rs. 9.581 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	9.500	9.500	9.500
(b) Reserves & Surplus	33.537	30.231	27.632
(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)	43.037	39.731	37.132
(3) Non-Current Liabilities
(a) long-term borrowings	208.809	204.738	141.934
(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	0.000	0.000	0.000
Total Non-current Liabilities (3)	208.809	204.738	141.934
(4) Current Liabilities
(a) Short term borrowings	138.283	156.167	108.679
(b) Trade payables	86.273	82.179	93.833
(c) Other current liabilities	2.142	2.317	1.265
(d) Short-term provisions	2.372	-1.390	2.247
Total Current Liabilities (4)	229.070	239.273	206.024
TOTAL	480.916	483.742	385.090
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	129.594	133.861	85.724
(ii) Intangible Assets	0.084	0.100	0.000
(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	0.000	0.000	0.000
(c) Deferred tax assets (net)	17.115	17.970	17.757
(d) Long-term Loan and Advances	117.648	108.613	82.595
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	264.441	260.544	186.076
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	134.444	130.212	126.458
(c) Trade receivables	64.953	84.137	53.468
(d) Cash and cash equivalents	4.340	4.000	16.820
(e) Short-term loans and advances	12.738	4.849	2.268
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	216.475	223.198	199.014
TOTAL	480.916	483.742	385.090

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013	31.03.2012	31.03.2011
	SALES
	Income	662.718	710.186	549.674
	Other Income	0.606	0.279	0.424
	TOTAL (A)	663.324	710.465	550.098
Less	EXPENSES
	Cost of Materials Consumed	473.311	557.278	451.344
	Purchases of Stock-in-Trade	0.000	0.000	0.000
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	14.640	(7.210)	(4.143)
	Employees benefits expense	12.105	12.092	11.882
	Other expenses	102.394	103.044	54.337
	TOTAL (B)	602.450	665.204	513.420
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	60.874	45.261	36.678
Less	FINANCIAL EXPENSES (D)	42.852	32.428	24.975
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	18.022	12.833	11.703
Less/ Add	DEPRECIATION/ AMORTISATION (F)	12.762	9.897	9.022
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	5.260	2.936	2.681
Less	TAX (H)	1.955	0.337	(17.257)
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	3.305	2.599	19.938
	Earnings / (Loss) Per Share (Rs.)	35.00	27.00	208.11

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Net Profit Margin (PAT / Sales)	(%)	0.50	0.37	3.63
Operating Profit Margin (PBDIT/Sales)	(%)	9.19	6.37	6.67
Return on Total Assets (PBT/Total Assets}	(%)	1.13	0.63	0.73
Return on Investment (ROI) (PBT/Networth)		0.12	0.07	0.07
Debt Equity Ratio (Total Debt /Networth)		8.06	9.08	6.75
Current Ratio (Current Asset/Current Liability)		0.95	0.93	0.97

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	9.500	9.500	9.500
Reserves & Surplus	27.632	30.231	33.537
Net worth	37.132	39.731	43.037
long-term borrowings	141.934	204.738	208.809
Short term borrowings	108.679	156.167	138.283
Total borrowings	250.613	360.905	347.092
Debt/Equity ratio	6.749	9.084	8.065

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	549.674	710.186	662.718
		29.201	(6.684)

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	549.674	710.186	662.718
Profit	19.938	2.599	3.305
	3.63%	0.37%	0.50%

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)	No
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	No

COMPANY’S PERFORMANCE:

a) Even though there was a fall in turnover, the Company’s Profitability has been improved when compared to last year.

b) The Company is expecting the possibilities of Exporting Wheat Flour to utilize the increasing capacity.

c) This will increase not only the turnover of the company but also the competency to meet the overwhelming demand from the customers.

UNSECURED LOANS

PARTICULAR	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
LONG TERM BORROWINGS
Loans and advances from related parties	128.345	138.870
Total	128.345	138.870

VIEW INDEX OF CHARGES

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10456474	28/09/2013	15,637,550.00	SUNDARAM FINANCE LIMITED	21 PATULLOS ROAD, CHENNAI, Tamil Nadu - 600002, INDIA	B88119789
2	10437490	14/06/2013	1,233,874.00	SUNDARAM FINANCE LIMITED	21 PATULLOS ROAD, CHENNAI, Tamil Nadu - 600002, INDIA	B79891172
3	10438856	14/06/2013	1,604,067.00	SUNDARAM FINANCE LIMITED	21 PATULLOS ROAD, CHENNAI, Tamil Nadu - 600002, INDIA	B80395320
4	10438860	14/06/2013	1,604,067.00	SUNDARAM FINANCE LIMITED	21 PATULLOS ROAD, CHENNAI, Tamil Nadu - 600002, INDIA	B80396302
5	10437484	14/06/2013	2,961,362.00	SUNDARAM FINANCE LIMITED	21 PATULLOS ROAD, CHENNAI, Tamil Nadu - 600002, INDIA	B79889077
6	10377785	31/07/2012	1,999,087.00	SUNDARAM FINANCE LIMITED	21 PATULLOS ROAD, CHENNAI, Tamil Nadu - 600002, INDIA	B58556028
7	10356006	09/05/2012	41,557,750.00	SUNDARAM FINANCE LIMITED	21 PATULLOS ROAD, CHENNAI, Tamil Nadu - 600002, INDIA	B39700828
8	10170784	05/08/2009	5,000,000.00	Tamilnad Mercantile Bank Limited	Aruppukottai Branch, 25, Virudhunagar Road, Aruppukottai, Tamil Nadu - 626101, INDIA	A67657312
9	10170780	05/08/2009	20,000,000.00	Tamilnad Mercantile Bank Limited	Aruppukottai Branch, 25, Virudhunagar Road, Aruppukottai, Tamil Nadu - 626101, INDIA	A67656918
10	10151517	12/09/2014 *	130,000,000.00	TAMILNAD MERCANTILE BANK LIMITED	Aruppukottai Branch, 25, Virudhunagar Road, Aruppukottai, Tamil Nadu - 626101, INDIA	C25610817

* Date of charge modification

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. 63.58
UK Pound	1	Rs. 99.98
Euro	1	Rs. 79.39

INFORMATION DETAILS

Information Gathered by :	GYA
Analysis Done by :	DIV
Report Prepared by :	TRU

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--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	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		28

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.