MIRA INFORM REPORT

Report Date :

01.02.2014

IDENTIFICATION DETAILS

Name :	J K INVESTORS (BOMBAY) LIMITED
Registered Office :	New Hind House, Narottam Morarji Marg, Ballard Estate, Mumbai – 400001, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	27.10.1945
Com. Reg. No.:	11-004603
Capital Investment / Paid-up Capital :	Rs.6.754 Millions
CIN No.: [Company Identification No.]	U67120MH1945PLC004603
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Trader of fabrics.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

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

Maximum Credit Limit :	USD 10000000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having a satisfactory track record. Trade relations are reported as fair. Business is active. Payments are reported to be usually 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 – December 1, 2013

Country Name	Previous Rating (30.09.2013)	Current Rating (01.12.2013)
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

The services sector, the largest contributor to India’s GDP, contracted for the sixth consecutive month in December, as orders dipped. However, hiring has risen.  Direct tax collections rose 12.3 % during the April – December period of the current financial year.  The government has decided to retain 100 per cent foreign direct investment in both greenfield (new) and brown field (existing) pharmaceutical companies, despite concerns over genetic drugs going out of production, if multi-national companies take over domestic ones. In M&A deals, a non compete clause would not be allowed, except in special circumstances. The Department of Industrial Policy and Promotion plans to release the next edition of its consolidated foreign direct investment policy document on March 31, incorporating changes made in the past year. DIPP compiles all policies related to India’s FDI regime into a single document to make it easy for investors to understand. 185 million estimated number of mobile internet users in India by June 2014, according to a report by the Internet & Mobile Association of India and IMRB International.  India had 110 million mobile internet users with 25 million in rural areas. $3.77 tn estimated global IT spending in 2014, according to research firm Gartner Inc. The growth forecast for this year is cut to 3.1 %from the earlier estimate of 3.5 %. The spending growth forecast for telecom services – a segment that accounts for more than 40 % at total IT spending – from 1.9 per cent to 1.2 per cent is the main reason for this overall IT cut. A Reserve Bank of India committee has recommended setting up a special category of lenders who would cater to small businesses and households, to expand the number of customers with access to banking services. These banks would focus onproviding payment services and deposit products.  Indian banks want the free use of automated teller machines to be capped at five transactions in a month including that of the bank in which the account is active. This follows state government order to banks to install security guards at ATM booths after a woman banker was assaulted in Bangalore. The government is likely to present a vote on Account in mid-February. The annual Economic Survey will be tabled later in Parliament along with the full Budget. A full Budget for 2014/15 is likely to be present in July by the new government formed after the General Election. The government will soon launch an internet spy system, called Netra, to detect malafide messages. Security agency will deploy the system to capture dubious voice traffic on applications such as Skype and Google Talk, as well as tweeters.

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.

LOCATIONS

Registered Office :	New Hind House, Narottam Morarji Marg, Ballard Estate, Mumbai – 400001, Maharashtra, India
Tel. No.:	91-22-22686000
Fax No.:	91-22-22620052
E-Mail :	priti.alkari@raymond.in
Website :
Corporate Office:	Jekegram Pokharan Road No 1, Thane – 400606, Maharashtra, India
Tel. No.:	91-22-25667462
Fax No.:	91-22-25667458

DIRECTORS

As on 26.06.2013

Name :

Dr. Vijaypat Singhania

Designation :

Director

Address :

J K House – 59A, Bhulabhi Desai Road, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

04.10.1938

Date of Appointment :

04.01.1964

DIN No.:

00020063

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	U67120MH1945PLC004603	J K INVESTORS(BOMBAY) LIMITED	Director	04/01/1964	04/01/1964	-	Active	NO
2	U99999MH1947PLC005735	J.K. INVESTO TRADE (INDIA) LIMITED	Director	31/03/1964	31/03/1964	-	Active	NO
3	L17117MH1925PLC001208	RAYMOND LIMITED	Director	29/06/1971	29/06/1971	-	Active	NO
4	U51109MH1948PLC006460	RAYMOND APPAREL LIMITED	Director	25/03/1980	25/03/1980	-	Amalgamated	NO
5	U99999MH1964PLC012865	J.K.HELENE CURTIS LIMITED	Director	26/09/1984	26/09/1984	-	Active	NO
6	U24241MH1990PTC055034	SILVER SOAPS PRIVATE LIMITED	Director	13/08/1991	13/08/1991	-	Active	NO
7	U67120MH1990PTC133784	SMART INVESTMENTS PRIVATE LIMITED	Director	21/03/1994	21/03/1994	-	Active	NO
8	U25199MH1996PLC100697	J K ANSELL LIMITED	Director	08/10/1997	08/10/1997	-	Active	NO
9	U92110MH2002PLC136949	RADHA KRSHNA FILMS LIMITED	Director	23/08/2002	23/08/2002	-	Active	NO
10	U17115MH2006PTC162450	RAYMOND UCO DENIM PRIVATE LIMITED	Director	12/06/2007	08/08/2006	-	Active	NO
11	U17120MH2004PTC149277	PLATINUM FASHION APPAREL PRIVATE LIMITED	Director	24/06/2009	14/05/2008	21/01/2010	Active	NO
12	U52320MH2004PTC149312	TRIDENT RETAIL VENTURES PRIVATE LIMITED	Director	22/07/2009	27/10/2008	21/01/2010	Active	NO
13	U18109TN2006PLC061384	RAYMOND APPAREL LIMITED	Director	28/07/2011	27/07/2011	-	Active	NO

Name :

Mr. Gautam Hari Singhania

Designation :

Director

Address :

J K House – 59A, Bhulabhi Desai Road, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

09.09.1965

Date of Appointment :

11.08.1992

DIN No.:

00020088

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	U99999MH1964PLC012865	J.K.HELENE CURTIS LIMITED	Director	26/12/1989	26/12/1989	-	Active	NO
2	L17117MH1925PLC001208	RAYMOND LIMITED	Managing director	01/07/2009	01/04/1990	-	Active	NO
3	U99999MH1947PLC005735	J.K. INVESTO TRADE (INDIA) LIMITED	Director	20/06/1990	20/06/1990	-	Active	NO
4	U92411MH1991GAP062033	COLOSSEUM SPORTS AND RECREATION INTERNATIONAL	Director	05/09/1991	05/09/1991	-	Strike off	NO
5	U67120MH1945PLC004603	J K INVESTORS(BOMBAY) LIMITED	Director	11/08/1992	11/08/1992	-	Active	NO
6	U24241MH1990PTC055034	SILVER SOAPS PRIVATE LIMITED	Director	16/10/1992	16/10/1992	-	Active	NO
7	U51109MH1948PLC006460	RAYMOND APPAREL LIMITED	Director	30/03/1993	30/03/1993	-	Amalgamated	NO
8	U40100MH1997PLC106133	AQUALINE MARINE INDIA LIMITED	Director	25/02/1997	25/02/1997	-	Strike off	NO
9	U25199MH1996PLC100697	J K ANSELL LIMITED	Director	08/10/1997	08/10/1997	-	Active	NO
10	U72900MH2000PLC127831	SILVER SPARK APPAREL LIMITED	Director	20/07/2000	20/07/2000	-	Active	NO
11	U51102TN1987PLC014467	COLOR PLUS FASHIONS LIMITED	Director	21/02/2003	21/02/2003	-	Active	NO
12	U01100MH2004PTC150094	AVANI AGRICULTURAL FARMS PRIVATE LIMITED	Director	28/04/2005	24/12/2004	-	Active	NO
13	U17120MH2004PLC149276	RAYMOND ZAMBAITI LIMITED	Director	30/03/2005	30/03/2005	-	Active	NO
14	U17115MH2006PTC162450	RAYMOND UCO DENIM PRIVATE LIMITED	Director	12/06/2007	08/08/2006	-	Active	NO
15	U85110MH2007PTC171500	BODY BASIC HEALTH CARE PRIVATE LIMITED	Director	09/06/2007	09/06/2007	-	Active	NO
16	U74990MH2009PTC196992	TILOTTAMA HOSPITALITY AND ENTERTAINMENT PRIVATE LIMITED	Director	10/11/2009	10/11/2009	31/03/2010	Active	NO
17	U27104MH1997PLC105955	JK FILES (INDIA) LIMITED	Director	08/06/2010	22/04/2010	-	Active	NO
18	U92412MH2010PTC202465	SUPER CAR CLUB OF INDIA PRIVATE LIMITED	Director	27/04/2010	27/04/2010	-	Active	NO
19	U99999MH1986PLC040885	RING PLUS AQUA LIMITED	Director	03/06/2011	11/08/2010	-	Active	NO
20	U24999MH1948NPL006309	AUDIT BUREAU OF CIRCULATIONS	Director	14/12/2010	14/12/2010	26/09/2011	Active	NO
21	U18100PN2004PLC140524	CELEBRATIONS APPAREL LIMITED	Director	31/05/2011	20/04/2011	-	Active	NO
22	U18109TN2006PLC061384	RAYMOND APPAREL LIMITED	Director	28/07/2011	27/07/2011	-	Active	NO

Name :

Mr. Ramkaran Ganeriwala

Designation :

Director

Address :

Flat No. 102, 1^st Floor, Mokesh Upper Govind Nagar, Malad (East), Mumbai – 400097, Maharashtra, India

Date of Birth/Age :

11.08.1952

Date of Appointment :

11.08.2008

DIN No.:

00025672

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	L65990MH1974PLC017304	POLAR INVESTMENTS LIMITED	Director	28/02/1995	28/02/1995	-	Active	NO
2	L67120MH1976PLC018836	PEOPLE'S INVESTMENT LIMITED	Director	28/02/1995	28/02/1995	-	Active	NO
3	U92110MH2002PLC136949	RADHA KRSHNA FILMS LIMITED	Director	23/08/2002	23/08/2002	-	Active	NO
4	U99999MH1947PLC005735	J.K. INVESTO TRADE (INDIA) LIMITED	Whole-time director	24/04/2012	24/04/2003	-	Active	NO
5	U01100MH2004PTC150094	AVANI AGRICULTURAL FARMS PRIVATE LIMITED	Director	21/01/2005	21/01/2005	-	Active	NO
6	U67120MH1983PLC031734	PASHMINA HOLDINGS LIMITED	Director	12/05/2008	09/04/2008	-	Active	NO
7	U51900MH1946PLC005014	IMPEX (INDIA) LIMITED	Director	29/09/2008	20/04/2008	-	Active	NO
8	U67120MH1984PLC032565	TIGER TRAVELS AND TOURS LIMITED	Director	23/05/2008	24/04/2008	-	Active	NO
9	U67120MH1945PLC004603	J K INVESTORS(BOMBAY) LIMITED	Director	11/08/2008	30/06/2008	-	Active	NO
10	U24241MH1990PTC055034	SILVER SOAPS PRIVATE LIMITED	Director	09/06/2009	22/04/2009	-	Active	NO

Name :

Mr. Pradeep Kumar Bhandari

Designation :

Director

Address :

Bungalow No. 36, Neelkanth Woods, Enclae – B, Mullahbaug Tikuji – Ni-Wadi, Thane (West) – 400610, Maharashtra, India

Date of Birth/Age :

15.08.1957

Date of Appointment :

22.08.1997

DIN No.:

00021923

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	U67120MH1990PTC133784	SMART INVESTMENTS PRIVATE LIMITED	Director	14/08/1997	14/08/1997	-	Active	NO
2	U67120MH1945PLC004603	J K INVESTORS(BOMBAY) LIMITED	Director	22/08/1997	22/08/1997	-	Active	NO
3	U67120MH1984PLC032565	TIGER TRAVELS AND TOURS LIMITED	Director	29/08/1997	29/08/1997	-	Active	NO
4	U17110MH1995PLC085884	RAYMOND CALITRI DENIM LIMITED	Director	23/10/1997	23/10/1997	-	Amalgamated	NO
5	U25199MH1996PLC100697	J K ANSELL LIMITED	Director	04/06/1998	04/06/1998	13/12/2011	Active	NO
6	U51109MH1948PLC006460	RAYMOND APPAREL LIMITED	Director	19/06/1998	19/06/1998	-	Amalgamated	NO
7	U72900MH2000PLC127831	SILVER SPARK APPAREL LIMITED	Director	20/07/2000	20/07/2000	-	Active	NO
8	U67120MH1983PLC031734	PASHMINA HOLDINGS LIMITED	Director	15/06/2001	15/06/2001	-	Active	NO
9	L65990MH1974PLC017304	POLAR INVESTMENTS LIMITED	Director	27/07/2001	27/07/2001	-	Active	NO
10	L67120MH1976PLC018836	PEOPLE'S INVESTMENT LIMITED	Director	27/07/2001	27/07/2001	-	Active	NO
11	U92110MH2002PLC136949	RADHA KRSHNA FILMS LIMITED	Director	23/08/2002	23/08/2002	-	Active	NO
12	U51102TN1987PLC014467	COLOR PLUS FASHIONS LIMITED	Director	21/02/2003	21/02/2003	-	Active	NO
13	L17117MH1925PLC001208	RAYMOND LIMITED	Director	23/04/2008	24/04/2003	-	Active	NO
14	U17120MH2004PLC149276	RAYMOND ZAMBAITI LIMITED	Director	30/03/2005	30/03/2005	-	Active	NO
15	U17115MH2006PTC162450	RAYMOND UCO DENIM PRIVATE LIMITED	Director	12/06/2007	08/08/2006	-	Active	NO
16	U74140MH2008PTC179973	BLUEOCEAN CAPITAL AND ADVISORY SERVICES PRIVATE LIMITED	Director	11/03/2008	11/03/2008	-	Active	NO
17	U24241MH1990PTC055034	SILVER SOAPS PRIVATE LIMITED	Director	09/06/2009	22/04/2009	-	Active	NO
18	U65999MH2009PTC197427	GOMUKHI INDUS CAPITAL ADVISORY PRIVATE LIMITED	Managing director	01/04/2010	30/11/2009	-	Active	NO
19	U65923MH2009PTC198198	UNION KBC TRUSTEE COMPANY PRIVATE LIMITED	Director	25/05/2011	03/09/2010	-	Active	NO
20	L24302RJ1976PLC001684	BANSWARA SYNTEX LTD	Director	05/08/2011	06/02/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 26.06.2013

SHAREHOLDING DETAIL FILE ATTACHED

Equity Share Break up (Percentage of Total Equity)

As on 26.06.2013

Category	Percentage
Bodies corporate	82.52
Directors or relatives of Directors	14.38
Other top fifty shareholders	3.10
Total	100.00

BUSINESS DETAILS

Line of Business :

Trader of fabrics.

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	· Axis Bank Limited, Corporate Banking Branch, C-2, Wadia International Centre, Axis House, Worli, Mumbai - 400025, Maharashtra, India · State Bank of India · Bank of America · ICICI Bank · Standard Chartered Bank

Banking Relations :	--
Financial Institute:	Cholamandalam Dbs Finance Limited, Dare House 2n S C Bose Road, Parrys Chennai, Tamilnadu - 600001, Tamil Nadu, India
Auditors :
Name :	V.B.Dalal and Company Chartered Accountants
Address :	Office # 307, 3rd Floor, Dhanraj Industrial Estate, S.J. Marg, Shah-Nahar Compound, Lower Parel, Mumbai – 400013, Maharashtra, India
Tel No.:	91-22-24900614/615
Fax No.:	91-22-24900610
Email:	vbdall@vbdalal.com
Website:	www.vbdll.com
PAN N Income-tax PAN of auditor or auditor's firm :	AAGPD5056R
Holding Company::	· Smart Investments Private Limited
Subsidiary Company:	· Tiger Travels and Tours Limited
Other related parties:	· Raymond Limited · J. K. Investo Trade (India) Limited · Raymond Apparel Limited · Impex (India) Limited · Radha Krshna Films Limited · Raymond Woollen Outerwear Limited · Silver Soaps Private Limited · Pashmina Holdings Limited · Everblue Apparel Limited · Jaykayorg AG · Raymond (Europe) Limited · JK Files (India) Limited · Colorplus Fashions Limited · Silver Spark Apparel Limited · Celebrations Apparel Limited · Ring Plus Aqua Limited · Trinity India Limited · R and A Logistics Inc., · Scissors Engineering Products Limited · JK Talabot Limited

CAPITAL STRUCTURE

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
198065	Equity Shares	Rs.100/- each	Rs. 19.807 Millions
1935	10% Taxable Cumulative Redeemable Preference Shares	Rs.100/- each	Rs. 0.193 Millions
	Total		Rs. 20.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
168846	Equity Shares	Rs.100/- each	Rs. 16.885 Millions

Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
56282	Equity Shares	Rs.100/- each	Rs. 5.628 Millions
112564	Preference Shares	Rs.100/- each	Rs. 1.126 Millions
	Total		Rs. 6.754 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	6.754	6.754	6.754
(b) Reserves & Surplus	2553.783	2243.383	1957.612
(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)	2560.537	2250.137	1964.366
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	4.255	4.370	2.329
(c) Other long term liabilities	78.197	63.368	55.800
(d) long-term provisions	5.208	4.886	5.259
Total Non-current Liabilities (3)	87.660	72.624	63.388
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	337.916	399.547	330.709
(c) Other current liabilities	346.483	335.328	322.213
(d) Short-term provisions	2.251	0.928	0.699
Total Current Liabilities (4)	686.650	735.803	653.621
TOTAL	3334.847	3058.564	2681.375
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	134.502	137.381	115.722
(ii) Intangible Assets	0.000	0.000	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	1872.115	1794.361	1791.475
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	24.917	23.417	21.365
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	2031.534	1955.159	1928.562
(2) Current assets
(a) Current investments	153.957	98.934	17.908
(b) Inventories	577.672	481.656	455.468
(c) Trade receivables	385.992	411.059	168.334
(d) Cash and cash equivalents	89.786	7.006	39.438
(e) Short-term loans and advances	29.745	36.354	42.807
(f) Other current assets	66.161	68.396	28.858
Total Current Assets	1303.313	1103.405	752.813
TOTAL	3334.847	3058.564	2681.375

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	2267.742	1939.113	1690.701
		Other Income	85.181	43.277	110.643
		TOTAL	2352.923	1982.390	1801.344
Less	EXPENSES
		Purchase of Stock-in-Trade	1633.687	1453.130	1356.657
		Changes in inventories of Stock-in-Trade	(69.216)	(94.421)	(232.321)
		Employee benefit expense	53.282	33.152	22.250
		Other expenses	277.662	164.734	151.537
		TOTAL	1895.415	1556.595	1298.123
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		457.508	425.795	503.221
Less	FINANCIAL EXPENSES		7.361	9.019	21.201
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		450.147	416.776	482.020
Less/ Add	DEPRECIATION/ AMORTISATION		6.695	5.724	4.079
	PROFIT BEFORE TAX		443.452	411.052	477.941
Less	TAX		125.385	125.040	130.016
	PROFIT FOR THE PERIOD FROM CONTINUING OPERATIONS		318.067	286.012	347.925
	PRIOR PERIOD ADJUSTMENT		7.667	0.241	2.029
	PROFIT AFTER TAX		310.400	285.771	345.896
	CIF VALUE OF IMPORTS		60.270	NA	NA
	Earnings Per Share (Rs.)		4595.93	4231.26	5121.49

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	13.20	14.42	19.20
Net Profit Margin (PBT/Sales)	(%)	19.55	21.20	28.27
Return on Total Assets (PBT/Total Assets}	(%)	30.32	32.51	53.71
Return on Investment (ROI) (PBT/Networth)		0.17	0.18	0.24
Debt Equity Ratio (Total Debt /Networth)		0.00	0.00	0.00
Current Ratio (Current Asset/Current Liability)		1.90	1.50	1.15

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	No
9]	Name of person contacted	No
10]	Designation of contact person	No
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	No
19]	Payments terms	No
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 Ratisng, if available	No

FINANCIAL RESULTS

Revenue from operations was at Rs. 2267.742 Millions (previous year Rs. 1939.113 Millions). The Company achieved a growth of 16.95% during the year. Profit for the year after tax and prior year adjustments was at Rs. 310.400 Millions (previous year Rs. 285771 Millions).

During the year, an amount of Rs.62.080 Millions (previous year Rs. 57.154 Millions) has been transferred out of the profit to a Reserve Fund, as required under Section 45 IC of the RBI Act, 1934. The Balance net profit after the above transfer, together with the brought forward balance Rs. 2034.550 Millions has been carried forward at Rs 2282.870 Millions.

In order to conserve resources of the Company, the Directors do not recommend any dividend for the year.

OPERATIONS

The sales of the Shirting Division for the year ended March 31, 2013 increased to Rs 2099.836 Millions from Rs.1764.264 Millions for the year ended March 31, 2012, an increase of 19.02% over the previous year.

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10360830	23/05/2012	90,000,000.00	AXIS BANK LIMITED	CORPORATE BANKING BRANCH, C-2, WADIA INTERNATIONAL CENTRE, AXIS HOUSE, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA	B41705625

CONTINGENT LIABILITIES:

(a) In respect of disputed Income Tax demand, not provided for, under Appeal at CIT (Appeals) level is Rs.1.674 Millions (previous year Rs. 10.529 Millions) and at Income Tax Appellate Tribunal level is Rs.31.69 Lacs (previous year Rs. 7.905 Millions).

(b) On account of Del Credere Agency Business in respect of defaulting parties is Rs.3.672 Millions (Previous year Rs.4.909 Millions).

FIXED ASSETS

Tangible Assets

· Land

· Building

· Plant and Equipment

· Computers

· Electrical Equipment’s

· Air conditioners and Refrigerators

· Office and other Equipment’s

· Weighing Scale

· Motor Vehicles

· Laboratory Equipment’s

· Leasehold Improvements

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.62.48
UK Pound	1	Rs.102.95
Euro	1	Rs.84.60

INFORMATION DETAILS

Report Prepared by :

KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		50

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.