MIRA INFORM REPORT

Report Date :

05.02.2014

IDENTIFICATION DETAILS

Name :	SUNSTAR OVERSEAS LIMITED
Registered Office :	4119/7, 1^st Floor, Naya Bazar, New Delhi – 110006, Delhi
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	06.01.1995
Com. Reg. No.:	55-064140
Capital Investment / Paid-up Capital :	Rs.114.169 Millions
CIN No.: [Company Identification No.]	U74899DL1995PLC064140
Legal Form :	A closely held public limited liability company.
Line of Business :	Manufacturer and Exporter specializing in Basmati Rice, Food Grains, Aloo Mutter, Arhar Red Gram, Bajra Flour and Besan.
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 12000000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is a successor of a partnership concern started during the year 1989. Later in the year 1995 the concern was reconstituted as a public limited company. It is a well established company having satisfactory track. Management has failed to file the latest financials of 2013, with the government department. As per available, the company has seen a better increase in its sales revenue as well as net profitability during 2012. Financial position appears to be decent marked by sound networth. Trade relations are fair. Business is active. Payment terms are reported as usually correct. The company can be considered 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.

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	Cash Credit = BBB-
Rating Explanation	Moderate degree of safety and moderate credit risk
Date	December 2013.

Rating Agency Name	ICRA
Rating	Working Capital Facilities = A3
Rating Explanation	Moderate degree of safety and higher credit risk
Date	December 2013.

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

LOCATIONS

Registered Office :	4119/7, 1^st Floor, Naya Bazar, New Delhi – 110006, Delhi, India
Tel. No.:	91-11-23930560
Fax No.:	Not Available
E-Mail :	info@sunstarmail.com rajeshkhanna@sunstarmail.com
Website :	www.sunstaroverseas.com
Corporate Office :	Gate No.2, 40 KM Stone, G.T. Karnal Road, Bahalgarh, District : Sonepat – 131021, Haryana, India
Fax No.:	91-130-2381925 / 3982352
E-Mail :	info@sunstarmail.com
Works and Processing Unit 1:	Gate No.2, 40 KM Stone, G.T. Karnal Road, Bahalgarh, District : Sonepat – 131021, Haryana, India
Tel. No.:	91-130-3051100
Fax No.:	91-130-2381055
E-Mail :	info@sunstarmail.com
Works and Processing Unit 2:	14 KM Stone, Dalpatpur, Rampur Road, Moradabad-244001, Uttar Pradesh, India
Fax No.:	91-591-2256123
E-Mail :	info@sunstarmail.com
Works and Processing Unit 3:	26 KM Stone, Amritsar-Jalandhar G.T.Road, Tangra, Amritsar-143009, Punjab, India
Fax No.:	91-183-3014016
E-Mail :	info@sunstarmail.com

DIRECTORS

As On 29.09.2012

Name :

Mr. Rakesh Aggarwal

Designation :

Managing director

Address :

1 Sangam Estae, Under Hill Road, Near Parmanand Hospital, Civil Lines, Delhi – 110006, Delhi, India

Date of Birth/Age :

11.06.1958

Date of Appointment :

11.06.2011

DIN No.:

00038973

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	U74899DL1990PTC041868	DIGVIJAY SYSTEMS AND SERVICES PRIVATE LIMITED	Director	09/09/1998	09/09/1998	-	Active	NO
2	U15499DL2001PLC110527	SUNSTAR BROADLINE DISTRIBUTION LIMITED	Director	23/04/2001	23/04/2001	-	Active	NO
3	U74899DL1995PLC064140	SUNSTAR OVERSEAS LIMITED	Managing director	16/06/2011	06/01/2005	-	Active	NO
4	U70101DL2005PTC135911	DIGVIJAY PROMOTORS PRIVATE LIMITED	Director	06/05/2005	06/05/2005	-	Active	NO
5	U70101DL2005PTC135912	SUNSTAR BUILDWELL PRIVATE LIMITED	Director	06/05/2005	06/05/2005	-	Active	NO
6	U72900DL2005PTC136404	SUNSTAR INFOCOM PRIVATE LIMITED	Director	18/05/2005	18/05/2005	-	Active	NO
7	U45201DL2005PTC134100	RSA PROPBUILD PRIVATE LIMITED	Director	29/07/2005	29/07/2005	-	Active	NO
8	U45201DL2005PTC139374	GREATWALL CONSTRUCTION AND DEVELOPERS PRIVATE LIMITED	Director	05/08/2005	05/08/2005	-	Active	NO
9	U15122DL2005PTC139372	RRPL FOODS PRIVATE LIMITED	Director	05/08/2005	05/08/2005	01/11/2010	Active	NO
10	U45201DL2005PTC139373	SUNSTAR ORGANIC FOODS PRIVATE LIMITED	Director	05/08/2005	05/08/2005	-	Active	NO
11	U00400DL2005PTC140535	SUNSTAR BIO-ENERGY PRIVATE LIMITED	Director	08/09/2005	08/09/2005	-	Active	NO
12	U72200DL2005PTC144286	A AND A SOFTECH PRIVATE LIMITED	Additional director	01/01/2008	01/01/2008	10/07/2008	Strike off	NO
13	U15137DL2008PTC172478	SMJ FOODS PRIVATE LIMITED	Director	09/01/2008	09/01/2008	-	Active	NO
14	U15494DL2010PTC200663	DIGVIJAY FOODS PRIVATE LIMITED	Director	23/03/2010	23/03/2010	-	Active	NO
15	U01400DL2010PTC200662	RRSP FARMS PRIVATE LIMITED	Director	23/03/2010	23/03/2010	-	Active	NO
16	U15400DL2010PTC200661	RRSP FOODS PRIVATE LIMITED	Director	23/03/2010	23/03/2010	-	Active	NO
17	U15314DL2010PTC200650	FREEWAY FOODS PRIVATE LIMITED	Director	23/03/2010	23/03/2010	-	Active	NO
18	U15314DL2010PTC200628	RSA FOODS PRIVATE LIMITED	Director	23/03/2010	23/03/2010	-	Active	NO
19	U01403DL2010PTC200677	SRN FARMS PRIVATE LIMITED	Director	25/03/2010	25/03/2010	-	Active	NO
20	U65923DL2005PTC135680	SANVI EXIM PRIVATE LIMITED	Director	24/12/2010	24/12/2010	-	Active	NO
21	U50200DL2010PTC211679	NEWTON INTERNATIONAL PRIVATE LIMITED	Alternate director	16/12/2013	16/12/2013	-	Active	NO

Name :

Mr. Rohit Aggarwal

Designation :

Joint Managing Director

Address :

24-B, Alipur Road, Civil Lines, Opposite Old Secretariat, Delhi – 110054, Delhi, India

Date of Birth/Age :

12.09.1974

Date of Appointment :

16.06.2011

DIN No.:

00613475

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	U28991DL1991PTC050042	STAR TRACK FASTENERS PRIVATE LIMITED	Director	01/08/1993	01/08/1993	-	Active	NO
2	U74899DL1995PLC064140	SUNSTAR OVERSEAS LIMITED	Whole-time director	16/06/2011	06/01/1995	-	Active	NO
3	U74899DL1990PTC041868	DIGVIJAY SYSTEMS AND SERVICES PRIVATE LIMITED	Director	01/01/2001	01/01/2001	-	Active	NO
4	U15499DL2001PLC110527	SUNSTAR BROADLINE DISTRIBUTION LIMITED	Director	02/03/2005	02/03/2005	-	Active	NO
5	U70101DL2005PTC135911	DIGVIJAY PROMOTORS PRIVATE LIMITED	Director	06/05/2005	06/05/2005	-	Active	NO
6	U70101DL2005PTC135912	SUNSTAR BUILDWELL PRIVATE LIMITED	Director	06/05/2005	06/05/2005	-	Active	NO
7	U72900DL2005PTC136404	SUNSTAR INFOCOM PRIVATE LIMITED	Director	18/05/2005	18/05/2005	-	Active	NO
8	U45201DL2005PTC134100	RSA PROPBUILD PRIVATE LIMITED	Director	29/07/2005	29/07/2005	-	Active	NO
9	U15122DL2005PTC139372	RRPL FOODS PRIVATE LIMITED	Director	05/08/2005	05/08/2005	-	Active	NO
10	U45201DL2005PTC139373	SUNSTAR ORGANIC FOODS PRIVATE LIMITED	Director	05/08/2005	05/08/2005	-	Active	NO
11	U45201DL2005PTC139374	GREATWALL CONSTRUCTION AND DEVELOPERS PRIVATE LIMITED	Director	05/08/2005	05/08/2005	-	Active	NO
12	U00400DL2005PTC140535	SUNSTAR BIO-ENERGY PRIVATE LIMITED	Director	08/09/2005	08/09/2005	-	Active	NO
13	U15494DL2010PTC200663	DIGVIJAY FOODS PRIVATE LIMITED	Director	23/03/2010	23/03/2010	-	Active	NO
14	U01400DL2010PTC200662	RRSP FARMS PRIVATE LIMITED	Director	23/03/2010	23/03/2010	-	Active	NO
15	U15400DL2010PTC200661	RRSP FOODS PRIVATE LIMITED	Director	23/03/2010	23/03/2010	-	Active	NO
16	U15314DL2010PTC200650	FREEWAY FOODS PRIVATE LIMITED	Director	23/03/2010	23/03/2010	-	Active	NO
17	U15314DL2010PTC200628	RSA FOODS PRIVATE LIMITED	Director	23/03/2010	23/03/2010	-	Active	NO
18	U01403DL2010PTC200677	SRN FARMS PRIVATE LIMITED	Director	25/03/2010	25/03/2010	-	Active	NO
19	U65923DL2005PTC135680	SANVI EXIM PRIVATE LIMITED	Director	24/12/2010	24/12/2010	-	Active	NO
20	U72300DL2008PTC172933	RRPL GLOBAL PRIVATE LIMITED	Director	22/05/2013	22/05/2013	-	Active	NO
21	U63020DL2012PTC242523	STAR GLOBAL MULTI VENTURES PRIVATE LIMITED	Director	15/10/2013	15/10/2013	-	Active	NO
22	U51101DL2013PTC262370	COUNTRYWIDE DISTRIBUTORS PRIVATE LIMITED	Director	18/12/2013	18/12/2013	-	Active	NO

Name :

Mrs. Sadhna Aggarwal

Designation :

Whole-time director

Address :

1 Sangam Estae, Under Hill Road, Near Parmanand Hospital, Civil Lines, Delhi – 110006, Delhi, India

Date of Birth/Age :

24.04.1962

Date of Appointment :

10.05.2007

DIN No.:

01399983

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	U74899DL1995PLC064140	SUNSTAR OVERSEAS LIMITED	Whole-time director	10/05/2007	17/03/2007	-	Active	NO
2	U15137DL2008PTC172478	SMJ FOODS PRIVATE LIMITED	Director	09/01/2008	09/01/2008	07/10/2008	Active	NO

Name :

Mr. Naresh Kumar Aggarwal

Designation :

Director

Address :

24-B, Alipur Road, Civil Lines, Opposite Old Secretariat, Delhi – 110054, Delhi, India

Date of Birth/Age :

13.01.1953

Date of Appointment :

16.06.2011

DIN No.:

00002073

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	U28991DL1982PTC076744	DIGVIJAY STEELS PRIVATE LIMITED	Managing director	16/02/1982	16/02/1982	-	Active	NO
2	U28910DL1991PTC043159	VEDKIRAN STEEL INDUSTRIES PRIVATE LIMITED	Director	19/02/1991	19/02/1991	25/05/2012	Active	NO
3	U31102DL1984PTC019483	ACCUSTAMP PRIVATE LIMITED	Director	30/08/1991	30/08/1991	-	Active	NO
4	U99999DL1996PTC080375	DIGVIJAY FINANCIAL SERVICES PRIVATE LIMITED	Director	15/09/1996	15/09/1996	-	Active	NO
5	U74899DL1995PTC068113	MAA SARDA RAIL NIRMAN PRIVATE LIMITED	Director	01/10/1996	01/10/1996	25/05/2012	Active	NO
6	U28910DL1997PTC088339	voestalpine VAE VKN India Private Limited	Managing director	03/07/1997	03/07/1997	-	Active	NO
7	U74899DL1995PLC064140	SUNSTAR OVERSEAS LIMITED	Director	16/06/2011	06/01/2005	-	Active	NO
8	U74899DL1990PTC041868	DIGVIJAY SYSTEMS AND SERVICES PRIVATE LIMITED	Director	01/04/2008	01/04/2008	-	Active	NO
9	U15137DL2008PTC172478	SMJ FOODS PRIVATE LIMITED	Director	04/10/2008	04/10/2008	-	Active	NO
10	U51109MH2009PTC192721	J P BROADLINE DISTRIBUTION COMPANY PRIVATE LIMITED	Director	05/03/2010	05/03/2010	24/08/2011	Active	NO
11	U28991DL1991PTC050042	STAR TRACK FASTENERS PRIVATE LIMITED	Additional director	04/04/2011	04/04/2011	-	Active	NO
12	U63020DL2012PTC242523	STAR GLOBAL MULTI VENTURES PRIVATE LIMITED	Director	19/09/2012	19/09/2012	-	Active	NO
13	U93000MH2013NPL247197	FOLLOW YOUR DREAMS FOUNDATION INDIA	Director	19/08/2013	19/08/2013	-	Active	NO
14	U51101DL2013PTC262370	COUNTRYWIDE DISTRIBUTORS PRIVATE LIMITED	Director	18/12/2013	18/12/2013	-	Active	NO

Name :

Mr. Sumit Aggarwal

Designation :

Whole-time director

Address :

B-6, Raj Narain Marg, Civil Lines, Delhi – 110054, Delhi, India

Date of Birth/Age :

23.09.1981

Date of Appointment :

16.06.2011

DIN No.:

00041666

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	U74899DL1995PLC064140	SUNSTAR OVERSEAS LIMITED	Whole-time director	16/06/2011	01/04/2005	-	Active	NO
2	U00400DL2005PTC140535	SUNSTAR BIO-ENERGY PRIVATE LIMITED	Director	08/09/2005	08/09/2005	-	Active	NO
3	U63020DL2012PTC242523	STAR GLOBAL MULTI VENTURES PRIVATE LIMITED	Director	16/05/2013	16/05/2013	-	Active	NO

Name :

Mr. Manik Aggarwal

Designation :

Whole-time director

Address :

28-A, Racquet Court Roaad, Alipur Road, Civil Lines, Delhi – 110054, Delhi, India

Date of Birth/Age :

07.04.1990

Date of Appointment :

16.06.2011

DIN No.:

02294865

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	U74899DL1995PLC064140	SUNSTAR OVERSEAS LIMITED	Whole-time director	16/06/2011	09/01/2009	-	Active	NO
2	U50200DL2010PTC211679	NEWTON INTERNATIONAL PRIVATE LIMITED	Director	22/12/2010	22/12/2010	-	Active	NO

Name :

Mrs. Puja Aggarwal

Designation :

Whole-time director

Address :

24-A, Alipur Road, Civil Lines, Delhi – 110054, Delhi, India

Date of Birth/Age :

03.02.1977

Date of Appointment :

16.06.2011

DIN No.:

02298419

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	U74899DL1981PLC011673	ASHI LTD	Director	31/01/2011	23/08/2008	-	Active	NO
2	U74899DL1995PLC064140	SUNSTAR OVERSEAS LIMITED	Whole-time director	16/06/2011	10/09/2008	-	Active	NO
3	U15122DL2005PTC139372	RRPL FOODS PRIVATE LIMITED	Director	28/10/2010	28/10/2010	-	Active	NO
4	U72300DL2008PTC172933	RRPL GLOBAL PRIVATE LIMITED	Director	22/05/2013	22/05/2013	-	Active	NO

Name :

Mr. Ankur Aggarwal

Designation :

Director

Address :

28-A, Racquet Court Roaad, Alipur Road, Civil Lines, Delhi – 110054, Delhi, India

Date of Birth/Age :

15.12.1983

Date of Appointment :

16.06.2011

DIN No.:

00961212

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	U15499DL2001PLC110527	SUNSTAR BROADLINE DISTRIBUTION LIMITED	Director	25/08/2004	25/08/2004	-	Active	NO
2	U72900DL2005PTC136404	SUNSTAR INFOCOM PRIVATE LIMITED	Director	18/05/2005	18/05/2005	-	Active	NO
3	U74899DL1995PLC064140	SUNSTAR OVERSEAS LIMITED	Director	16/06/2011	10/02/2007	-	Active	NO
4	U51109MH2009PTC192721	J P BROADLINE DISTRIBUTION COMPANY PRIVATE LIMITED	Director	05/03/2010	05/03/2010	24/08/2011	Active	NO
5	U50200DL2010PTC211679	NEWTON INTERNATIONAL PRIVATE LIMITED	Director	22/12/2010	22/12/2010	-	Active	NO
6	U51109DL2011PTC214177	SORTE PRODUCTS PRIVATE LIMITED	Director	11/10/2011	11/10/2011	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Rajesh Khanna
Designation :	Secretary
Address :	237/10, Adarsh Nagar, Sonepat – 13101, Haryana, India
Date of Birth/Age :	06.10.1975
Date of Appointment :	06.02.2012
PAN No.:	AOGPK5567A

MAJOR SHAREHOLDERS

As On 29.09.2012

Names of Shareholders	No. of Shares
Man Mohan Sarup Aggarwal	1369683
Rama Rani	285423
Sadhna Aggarwal	5708119
Navita Aggarwal	4052663
Naresh Aggarwal	350
Rakesh Aggarwal	350
Kapil Aggarwal	350
Total	11416938

As On 29.09.2012

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter specializing in Basmati Rice, Food Grains, Aloo Mutter, Arhar Red Gram, Bajra Flour and Besan.

Product :

Product Description	Product Code (ITC Code)
Rice	1006
Other Rice In Husk	10061090

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· The Karur Vysya Bank Limited, 882, East Park Road, ,Karol Bagh, New Delhi - 110005,Delhi, INDIA

· Punjab National Bank, Near Hindu College, Sonepat - 131001, Haryana, India

· Karnataka Bank Limited, K Block Overseas Branch, Connaught Place, New Delhi - 110006, Delhi, India

Facilities :

Secured Loans	31.03.2012 (Rs. In Millions)	31.03.2011 (Rs. In Millions)
Long-term Borrowings
Term loans from banks	399.904	538.255
Short-term Borrowings
Term loans from banks	0.000	533.441
Working capital loans from banks	7257.951	6959.997
Total	7657.855	8031.693

Banking Relations :	--
Auditors :
Name :	R.K. Gulati and Associates Chartered Accountant
Address :	304, B.D. Chambers, 10/54, Desh Bandhu Gupta Road, Karol Bagh, New Delhi – 110005, Delhi, India
PAN No.:	AAHFR1484J
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	· Digvijay Steels Private Limited CIN No.: U28991DL1982PTC076744 · Voestalpine VAE VKN India Private Limited CIN No.: U28910DL1997PTC088339 · Digvijay Promotors Private Limited CIN No.: U70101DL2005PTC135911 · Sunstar Buildwell Private Limited CIN No.: U70101DL2005PTC135912 · Greatwall Construction And Developers Private Limited CIN No.: U45201DL2005PTC139374 · Sunstar Broad Line Distribution Limited CIN No.: U15499DL2001PLC110527 · Sunstar Bio-Energy Private Limited CIN No.: U00400DL2005PTC140535 · Sunstar Infocom Private Limited CIN No.: U72900DL2005PTC136404 · Sunstar Organic Foods Private Limited CIN No.: U45201DL2005PTC139373 · Maa Sarda Rail Nirman Private Limited CIN No.: U74899DL1995PTC068113 · Rrpl Foods Private Limited CIN No.: U15122DL2005PTC139372 · Digvijay Systems And Services Private Limited CIN No.: U74899DL1990PTC041868 · Star Trackfasteners Private Limited CIN No.: U28991DL1991PTC050042 · Vedkiran Steelindustries Private Limited CIN No.: U28910DL1991PTC043159 · Accustamp Privatelimited CIN No.: U31102DL1984PTC019483 · Digvijay Financial Services Private Limited CIN No.: U99999DL1996PTC080375 · Digvijay Foods Private Limited CIN No.: U15494DL2010PTC200663 · Srn Foods Private Limited CIN No.: U51225DL2005PTC133911 · Smj Foods Private Limited CIN No.: U15137DL2008PTC172478 · Sanvi Exim Private Limited CIN No.: U65923DL2005PTC135680 · Star International · R.A Agri Products · RSA Propbuild Private Limited CIN No.: U45201DL2005PTC134100

CAPITAL STRUCTURE

As On 29.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
20000000	Equity Share	Rs.10/- each	Rs.200.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
11416938	Equity Share	Rs.10/- each	Rs.114.169 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	114.169	114.169
(b) Reserves & Surplus	2817.412	1521.279
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	2931.581	1635.448
(3) Non-Current Liabilities
(a) long-term borrowings	399.904	538.255
(b) Deferred tax liabilities (Net)	136.968	152.983
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	17.632	9.019
Total Non-current Liabilities (3)	554.504	700.257
(4) Current Liabilities
(a) Short term borrowings	7307.951	7693.438
(b) Trade payables	1708.474	1173.979
(c) Other current liabilities	187.648	200.617
(d) Short-term provisions	93.715	71.993
Total Current Liabilities (4)	9297.788	9140.027
TOTAL	12783.873	11475.732
I. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2800.991	1559.536
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.828	134.146
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	57.560	41.581
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	101.345	94.338
(e) Other Non-current assets	1.254	2.756
Total Non-Current Assets	2961.978	1832.357
(2) Current assets
(a) Current investments	17.265	17.265
(b) Inventories	6908.586	6827.293
(c) Trade receivables	2366.851	2171.831
(d) Cash and cash equivalents	100.351	148.098
(e) Short-term loans and advances	427.340	477.386
(f) Other current assets	1.502	1.502
Total Current Assets	9821.895	9643.375
TOTAL	12783.873	11475.732

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		114.169
2] Share Application Money		0.000
3] Reserves & Surplus		1375.402
4] (Accumulated Losses)		0.000
NETWORTH		1489.571
LOAN FUNDS
1] Secured Loans		5841.415
2] Unsecured Loans		700.000
TOTAL BORROWING		6541.415
DEFERRED TAX LIABILITIES		72.711
TOTAL		8103.697
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		876.993
Capital work-in-progress		661.258
INVESTMENT		84.970
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	3784.348
	Sundry Debtors	2573.674
	Cash & Bank Balances	310.525
	Other Current Assets	105.056
	Loans & Advances	232.189
Total Current Assets		7005.792
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000
	Other Current Liabilities	547.949
	Provisions	0.000
Total Current Liabilities		547.949
Net Current Assets		6457.843
MISCELLANEOUS EXPENSES		22.633
TOTAL		8103.697

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	13046.974	10178.520	9720.873
		Other Income	34.789	27.082	45.949
		TOTAL (A)	13081.763	10205.602	9766.822
Less	EXPENSES
		Cost of Material Consumed	9802.431	9444.843
		Purchase of stock in trade	382.462	22.980
		Changes in Inventories of finished goods, work in progress and stock in trade	(12.801)	(1341.106)	9014.655
		Employee Benefit Expenses	199.802	143.351
		Expenditure on production, transportation	0.000	287.986
		Other Expenses	1053.962	726.884
		TOTAL (B)	11425.856	9284.938	9014.655
	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1349.727	920.664	752.167
Less	FINANCIAL EXPENSES (D)		851.738	563.082	431.911
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		497.989	357.582	320.256
Less/ Add	DEPRECIATION/ AMORTISATION (F)		216.438	127.353	91.046
	PROFIT BEFORE TAX (E-F) (G)		281.551	230.229	229.210
Less	TAX (I)		59.788	3.179	88.418
	PROFIT AFTER TAX (G-I) (J)		221.763	227.050	140.792
	Earnings Per Share (Rs.)		19.42	13	12

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	1.69	2.22	1.44
Net Profit Margin (PBT/Sales)	(%)	2.15	2.26	2.35
Return on Total Assets (PBT/Total Assets}	(%)	2.21	2.03	2.90
Return on Investment (ROI) (PBT/Networth)		0.09	0.14	0.15
Debt Equity Ratio (Total Liability/Networth)		2.62	5.03	4.39
Current Ratio (Current Asset/Current Liability)		1.05	1.05	12.78

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	No
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 LOANS

Particulars	31.03.2012 (Rs. In Millions)	31.03.2011 (Rs. In Millions)
Short-term Borrowings
Term loans from banks	50.000	200.000
Total	50.000	200.000

VIEW INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10373744	30/08/2012	8,223,300,000.00	ICICI BANK LIMITED (On behalf of The Karur Vysya B ank Limited Lead Banker)	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Guj arat - 390015, INDIA	B56886039
2	10367414	14/06/2012	200,000,000.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, M UMBAI, Maharashtra - 400021, INDIA	B44387611
3	10357928	04/05/2012	50,000,000.00	CORPORATION BANK CORPORATE BANKING BRANCH DELHI	10TH,FLOOR, H.T.HOUSE, 18/20,K.G.MARG CONNAUGHT P LACE, NEW DELHI, Delhi - 110001, INDIA	B40522666
4	10352365	18/04/2012	100,000,000.00	KARNATAKA BANK LINITED	k-2 chaudhery building, OVERSEAS BRANCH CONNAUGH T PLACE, DELHI, Delhi - 110001, INDIA	B38449856
5	10354872	12/04/2012	200,000,000.00	CORPORATION BANK CORPORATE BANKING BRANCH DELHI	10TH,FLOOR, H.T.HOUSE, 18/20,K.G.MARG CONNAUGHT P LACE, NEW DELHI, Delhi - 110001, INDIA	B39381595
6	10324677	08/12/2011	100,000,000.00	CORPORATION BANK LARGE CORPORATE BANKING BRANCH	10TH,FLOOR, H.T.HOUSE, 18/20,K.G.MARG CONNAUGHT P LACE, NEW DELHI, Delhi - 110001, INDIA	B28389914
7	10310138	16/08/2011	100,000,000.00	KARNATAKA BANK LIMITED	OVERSEAS BRANCH, K-2, CHAUDHARY BUILDING,, CONNAU GHT PLACE,, NEW DELHI, Delhi - 110001, INDIA	B22527659
8	10309773	12/08/2011	75,000,000.00	CITY UNION BANK	KAROL BAGH, NEW DELHI, Delhi - 110005, INDIA	B22367270
9	10256262	25/10/2010	100,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. ANNIE BESANT ROAD, WORLI,, MUMBAI, Maharashtra - 400018, INDIA	B01088996
10	10463140	23/10/2010	500,000,000.00	PUNJAB NATIONAL BANK	NEAR HINDU COLLEGE, SONEPAT, Haryana - 131001, IND IA	B02904498

* 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 records 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.62.47
UK Pound	1	Rs.102.95
Euro	1	Rs.84.60

INFORMATION DETAILS

Information Gathered by :
Report Prepared by :	SNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--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

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.