MIRA INFORM REPORT

Report Date :

11.02.2014

IDENTIFICATION DETAILS

Name :	AUTOMAT IRRIGATION PRIVATE LIMITED (w.e.f. 22.08.2007)
Formerly Known As :	PEACOCK CONSTRUCTIONS PRIVATE LIMITED
Registered Office :	Plot No. 18-19, Hind Pocket Book, Near Desu Office, G T Road, Shahdara, Delhi – 110095
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	03.08.2005
Com. Reg. No.:	55-139270
Capital Investment / Paid-up Capital :	Rs. 45.436 Millions
CIN No.: [Company Identification No.]	U45201DL2005PTC139270
TAN No.: [Tax Deduction & Collection Account No.]	DELP12838A
PAN No.: [Permanent Account No.]	AADCP7993D
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer, Supplier and Exporter of customized Impact Sprinklers, Part Circle Sprinkler, Screen and Disc Filters.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (48)

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

Maximum Credit Limit :	USD 1740000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. The company possesses a decent financial profile marked by infusion of funds from the part of promoters which further strengthens the networth. Management has seen a better increase in its sales revenues as well as net profitability during 2013. Profit margin appears to be good. 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 worst is over for India’s economy with gross domestic product likely to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s Analytics. Concerns over the rupee and current account deficit are under control, said the agency. Ratings firm Crisil has forecast 6 % growth for 2014/15 up from the estimated 4.8 % for 2013/14.  Total economic growth, infrastructure bottlenecks and lack of transparency and consistency in foreign direct investment policies seem to have taken a toll on India’s attractiveness as an investment destination, says an Ernst & Young survey.  Projects with FDI component fell 16.4 % across the globe in 2012 from the previous year.  The drop in India was steeper at 21 %. State run carrier Air India is doling out free tickets to its 24000 employees, even as it expects to incur a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn. 550000 number of jobs generated across India in 2013, a fall of 0.4 % as compared to with a year earlier. The National  Capital Region has a one-fourth share in total jobs created, according to a study by industry lobby group Assochem, Banks, real estate, automobile and telecommunications sectors are showing a rise of job creation. $ 805 mn investments by venture capital firms in India during 2013, registering a drop of about 18 % over the previous year. The Information Technology and IT-Enabled  Services Industry retained its status as the favourable venture capital investors in 2013. Pakistan has temporarily banned gold imports for the second time in six months, as it tries to stem smuggling into India. India’s import duty on gold is 10 % and curbs on purchases have dried up legal imports into what used to be the world’s biggest bullion buyers. The World Gold Council puts the amount smuggled into India at upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed bank deposits estimated to be about Rs 35000 mn be used for education and awareness among depositors.  According to the plan, deposits that have not been claimed for at least 10 years will be transferred to the scheme.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Letter of credit: “A3”
Rating Explanation	Moderate degree of safety and higher credit risk.
Date	06.02.2013

Rating Agency Name	CRISIL
Rating	Long term rating : “BBB-”
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	06.02.2013

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.

INFORMATION DECLINED BY

Name :	Mr. Vipul Jain
Designation :	Sales / Marketing Department
Contact No.:	91-9818679500
Date :	08.02.2014

LOCATIONS

Registered Office :	Plot No. 18-19, Hind Pocket Book, Near Desu Office, G T Road, Shahdara, Delhi – 110095, India
Tel. No. :	91-11-43099800/ 3/ 43099801/ 22583027/ 22574746
Mobile No. :	91-9818679500 (Mr. Vipul Jain)
Fax No. :	91-11-43099807/ 22121035
E-Mail :	contactus@automatworld.com sharma.dsa@gmail.com vipuljain@automatworld.com shashi@automatworld.com
Website :	www.automatworld.com
Factory :	Plot No. 4-5, Sector 3A, IIE SIDCUL, Bhel, Haridwar, Uttrakhand, India
Tel. No. :	91-1334-239468/ 69/ 71
Fax No. :	91-1334-239470

DIRECTORS

As on 30.09.2013

Name :

Mr. Prabodh Kumar Jain

Designation :

Director

Address :

R/o,D-231, Vivek Vihar, Delhi – 110095, India

Date of Appointment :

02.02.2006

DIN No. :

00052996

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	Company/ LLP Status	Defaulting status
1	U29219DL1998PTC091781	AUTOMAT INDUSTRIES PRIVATE LIMITED	Director	29/01/1998	29/01/1998	Active	NO
2	U45201DL2005PTC139270	AUTOMAT IRRIGATION PRIVATE LIMITED	Director	02/02/2006	02/02/2006	Active	NO
3	U18101DL2008PTC176884	JSTITCH FASHION PRIVATE LIMITED	Director	17/04/2008	17/04/2008	Active	NO
4	U01403MP2008PTC021427	GREEN EARTH FARMS AND FIELDS PRIVATE LIMITED	Director	17/12/2008	17/12/2008	Strike off	NO
5	U51909DL2011PTC215390	PRIMUS COMMODITIES PRIVATE LIMITED	Director	08/03/2011	08/03/2011	Active	NO
6	U70102DL2014PTC262931	PRISM REALTECH PRIVATE LIMITED	Director	01/01/2014	01/01/2014	Active	NO

Name :

Mr. Tushar Jain

Designation :

Director

Address :

R/o,D-231, Vivek Vihar, Delhi – 110095, India

Date of Appointment :

02.02.2006

DIN No. :

00053023

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	U29219DL1998PTC091781	AUTOMAT INDUSTRIES PRIVATE LIMITED	Director	29/09/2012	29/01/1998	-	Active	NO
2	U65910DL1985PLC019985	PIONEER URBAN LAND AND INFRASTRUCTURE LIMITED	Director	30/06/2005	30/06/2005	30/03/2012	Active	NO
3	U45201DL2005PTC139270	AUTOMAT IRRIGATION PRIVATE LIMITED	Director	02/02/2006	02/02/2006	-	Active	NO
4	U29299MH1994PLC081578	DUKE CORPORATION LIMITED	Director	30/09/2007	18/12/2006	28/08/2008	Active	NO
5	U28113DL2011PTC213466	SMITH INDUSTRIAL CORPORATION PRIVATE LIMITED	Director	07/02/2011	07/02/2011	-	Active	NO
6	U51909DL2011PTC214326	SOGA COMMODITIES PRIVATE LIMITED	Director	18/02/2011	18/02/2011	-	Active	NO
7	U18109DL2011PTC215841	MICROSTITCH FASHIONS PRIVATE LIMITED	Director	15/03/2011	15/03/2011	-	Active	NO
8	U70102DL2014PTC262931	PRISM REALTECH PRIVATE LIMITED	Director	01/01/2014	01/01/2014	-	Active	NO

Name :

Mr. Arvind Kumar Jain

Designation :

Director

Address :

R/o 163-B, Sainik Farms, New Delhi – 110062, India

Date of Appointment :

03.08.2005

DIN No. :

00136883

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	U74899DL1982PTC014074	PRALINES EXPORTS PRIVATE LIMITED	Director	15/09/1988	15/09/1988	-	Active	YES
2	U74899DL1995PTC064341	SRJ ESTATES PRIVATE LIMITED	Director	02/02/2004	02/02/2004	04/07/2009	Active	NO
3	U55101DL2004PTC127891	PRALINES HOTELS AND RESORTS PRIVATE LIMITED	Director	27/07/2004	27/07/2004	-	Active	NO
4	U55101DL2004PTC127893	TIMELESS HOTELS AND RESORTS PRIVATE LIMITED	Director	27/07/2004	27/07/2004	-	Active	NO
5	U45201DL2005PTC134074	PACIFIC GREENS INFRACON PRIVATE LIMITED	Director	31/03/2005	31/03/2005	-	Active	YES
6	U45201DL2005PTC139270	AUTOMAT IRRIGATION PRIVATE LIMITED	Director	03/08/2005	03/08/2005	-	Active	NO
7	U32209DL1996PTC077889	NUVISION (DELHI) PRIVATE LIMITED	Director	01/09/2007	01/09/2007	-	Active	NO
8	U45300DL2007PTC167887	SKD BUILDWELL PRIVATE LIMITED	Director	16/10/2007	16/10/2007	02/01/2009	Active	NO
9	U45400DL2007PTC167967	SHINE PROPERTIES PRIVATE LIMITED	Director	17/10/2007	17/10/2007	28/12/2008	Active	NO
10	U45400DL2007PTC168349	NEWHIGH DEVELOPERS PRIVATE LIMITED	Director	17/10/2007	17/10/2007	06/07/2009	Active	NO
11	U72900DL2008PTC182143	COEMINENT IT SOLUTIONS PRIVATE LIMITED	Director	18/08/2008	18/08/2008	09/10/2011	Active	NO
12	U45200DL2009PTC191109	BIRDS CONSTRUCTIONS PRIVATE LIMITED	Director	11/06/2009	11/06/2009	-	Active	NO
13	U29212DL2010PTC203476	VIRTUE IRRIGATIONS PRIVATE LIMITED	Director	01/06/2010	01/06/2010	-	Active	NO
14	U34300DL2010PTC203555	VIRTUE COMPONENTS PRIVATE LIMITED	Director	02/06/2010	02/06/2010	22/06/2013	Active	NO
15	U45200DL2010PTC205859	GROMAX PROPERTIES PRIVATE LIMITED	Director	14/07/2010	14/07/2010	03/09/2010	Active	NO

Name :

Mr. Amit Jain

Designation :

Director

Address :

R/o 3/67, Ground Floor, Sector-2, Rajendra Nagar, Sahibabad, Ghaziabad – 201010, Uttar Pradesh, India

Date of Birth/Age :

19.07.1970

Date of Appointment :

01.07.2006

DIN No. :

01194157

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	Company/ LLP Status	Defaulting status
1	U45201DL2005PTC139270	AUTOMAT IRRIGATION PRIVATE LIMITED	Director	01/07/2006	01/07/2006	Active	NO
2	U01403MP2008PTC021427	GREEN EARTH FARMS AND FIELDS PRIVATE LIMITED	Director	17/12/2008	17/12/2008	Strike off	NO
3	U74999UP2009PTC038996	RPG GRANITES PRIVATE LIMITED	Director	18/12/2009	18/12/2009	Active	NO

KEY EXECUTIVES

Name :	Mr. Vipul Jain
Designation :	Sales / Marketing Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

Names of Shareholders	No. of Shares
Arvind Kumar Jain	600
Automat Industries (Private) Limited	600000
Prabodh Kumar Jain	1278510
Tushar Jain	885600
Prabodh Kumar Jain (Karta)	1236400
Tushar Jain (Karta)	540000
Shahank Rohtagi	30
Madhu Bala Jain	30
Shipi Jain	630
Anjuli Jain	600
Charu Deewan	600
Nandini Bohra Gupta	600
Total	4543600

As on 30.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Bodies corporate	13.20
Directors or relatives of Directors	86.80
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer, Supplier and Exporter of customized Impact Sprinklers, Part Circle Sprinkler, Screen and Disc Filters.
Product:	· Impact Sprinklers Part Circle Sprinkler Filters Water Guns Air Release Valve Micro Irrigation Fertigation Pressure Release Valve Landscape Irrigation Other Irrigation Products

GENERAL INFORMATION

No. of Employees :

Not Divulged

Bankers :

Bank of India, Parliament Street Branch, 4, Sansad Marg, New Delhi - 110001, India

Facilities :

SECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG TERM BORROWINGS
Car Loan	0.582	2.563
Machinery Loan	110.688	52.378
SHORT TERM BORROWINGS
Term loan from bank
Car Loan	1.849	1.521
Machinery Loan	53.859	35.651
Total	166.978	92.113

NOTE

Primary security against which loan or credit facility was given are as follows:

- Working capital limit – Hypothecation of stock and book debts of the company. Pledge of TDR towards margin on BG/LC.

- Term loan existing – EQM of Factory Land and Building situated at Sidcul, Haridwar. Unit 1 and 2. Hypothecation of existing plant and machinery.

- Term loan new – EQM of factory land and building situated at Sidcul, Haridwar. Unit 2. Hypothecation of Plant and Machinery and other Fixed Assets.

Banking Relations :	--
Auditors :
Name :	Prem Gupta and Associates Chartered Accountants
Address :	2, TC Jaina Complex, II Floor, Netaji Subash Marg, Daryaganj, Delhi – 110002, India
Tel. No. :	91-11-23259341/ 23258942
Income-tax PAN of auditor or auditor's firm :	AFFPG1555C
Enterprise over which the management is interested :	· Smith Industrial Corporation Private Limited Automat Industries Private Limited Soga Commodities Private Limited

CAPITAL STRUCTURE

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
5,000,000	Equity Shares	Rs.10/- each	Rs. 50.000 FCMillions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
4,543,600	Equity Shares	Rs.10/- each	Rs. 45.436 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	45.436	20.018	6.006
(b) Reserves & Surplus	388.567	297.093	216.169
(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)	434.003	317.111	222.175
(3) Non-Current Liabilities
(a) long-term borrowings	117.623	60.730	71.236
(b) Deferred tax liabilities (Net)	9.867	4.875	4.231
(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)	127.490	65.605	75.467
(4) Current Liabilities
(a) Short term borrowings	123.366	91.494	27.459
(b) Trade payables	57.274	11.324	24.306
(c) Other current liabilities	18.670	8.734	8.392
(d) Short-term provisions	31.842	19.117	20.539
Total Current Liabilities (4)	231.152	130.669	80.696
TOTAL	792.645	513.385	378.338
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	365.033	177.969	117.879
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	7.716	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)	0.000	0.000	0.000
(d) Long-term Loan and Advances	111.819	11.819	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	476.852	197.504	117.879
(2) Current assets
(a) Current investments	0.000	0.000	16.387
(b) Inventories	37.661	24.217	17.740
(c) Trade receivables	185.917	212.235	169.144
(d) Cash and cash equivalents	0.541	0.542	0.513
(e) Short-term loans and advances	22.873	17.934	13.471
(f) Other current assets	68.801	60.953	43.204
Total Current Assets	315.793	315.881	260.459
TOTAL	792.645	513.385	378.338

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		TOTAL (A)	546.224	389.433	320.090
Less	EXPENSES
		Operating and Other Expenses	360.410	269.632	202.094
		TOTAL (B)	360.410	269.632	202.094
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		185.814	119.801	117.996
Less	FINANCIAL EXPENSES (D)		16.443	14.427	8.499
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		169.371	105.374	109.497
Less/ Add	DEPRECIATION/ AMORTISATION (F)		17.157	11.252	7.912
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		152.214	94.122	101.585
Less	TAX (H)		38.022	1.185	2.725
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		114.192	92.937	98.860
	EARNINGS IN FOREIGN CURRENCY		150.863	105.469	82.603
	Earnings / (Loss) Per Share (Rs.)		25.13	46.43	164.60

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	20.91	23.86	30.89
Return on Total Assets (PBT/Total Assets}	(%)	19.20	18.61	26.85
Return on Investment (ROI) (PBT/Networth)		0.35	0.30	0.46
Debt Equity Ratio (Total Debt/Networth)		0.56	0.48	0.44
Current Ratio (Current Asset/Current Liability)		1.37	2.42	3.23

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	-----
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	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 Rating, if available	Yes

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10469241	11/12/2013	17,500,000.00	BANK OF INDIA	PARLIAMENT STREET BRANCH, PTI BUILDING, 4, SANSAD MARG, NEW DELHI - 110001, INDIA	B93160539
2	10403250	31/12/2012	75,000,000.00	BANK OF INDIA	PARLIAMENT STREET BRANCH, PTI BUILDING, 4, SANSAD MARG, NEW DELHI - 110001, INDIA	B68219294
3	10364483	31/12/2012 *	302,225,000.00	BANK OF INDIA	PARLIAMENT STREET BRANCH, PTI BUILDING, 4, SANSAD MARG, NEW DELHI - 110001, INDIA	B68219724
4	10337841	18/02/2012	550,000.00	BANK OF INDIA	PARLIAMENT STREET BRANCH, PTI BUILDING, 4, SANSAD MARG, NEW DELHI - 110001, INDIA	B33079245
5	10331953	30/12/2011	1,850,000.00	BANK OF INDIA	PARLIAMENT STREET BRANCH, PTI BUILDING, 4, SANSAD MARG, NEW DELHI - 110001, INDIA	B30606131
6	10321062	25/11/2011	1,850,000.00	BANK OF INDIA	PARLIAMENT STREET BRANCH, PTI BUILDING, 4, SANSAD MARG, NEW DELHI - 110001, INDIA	B26807867
7	10288233	13/05/2011	118,125,000.00	BANK OF INDIA	PARLIAMENT STREET BRANCH, PTI BUILDING, 4, SANSAD MARG, NEW DELHI - 110001, INDIA	B13479373
8	10210481	11/02/2010	45,000,000.00	BANK OF INDIA	PARLIAMENT STREET BRANCH, PTI BUILDING, 4, SANSAD MARG, NEW DELHI - 110001, INDIA	A82456369
9	10170851	17/08/2009	350,000.00	BANK OF INDIA	PARLIAMENT STREET BRANCH, PTI BUILDING, 4, SANSAD MARG, NEW DELHI - 110001, INDIA	A67771279
10	10157021	11/12/2013 *	112,500,000.00	BANK OF INDIA	PARLIAMENT STREET BRANCH, PTI BUILDING, 4, SANSAD MARG, NEW DELHI - 110001, INDIA	B93159887
11	10157019	31/12/2012 *	302,225,000.00	BANK OF INDIA	PARLIAMENT STREET BRANCH, PTI BUILDING, 4, SANSAD MARG, NEW DELHI - 110001, INDIA	B68219518
12	10157024	22/04/2009	11,255,000.00	BANK OF INDIA	PARLIAMENT STREET BRANCH, PTI BUILDING, 4, SANSAD MARG, NEW DELHI - 110001, INDIA	A62170915
13	10157023	22/04/2009	11,600,000.00	BANK OF INDIA	PARLIAMENT STREET BRANCH, PTI BUILDING, 4, SANSAD MARG, NEW DELHI - 110001, INDIA	A62170618
14	10032267	28/12/2006	29,000,000.00	BANK OF INDIA	PARLIMENT STREET BRANCH, DELHI - 110001, INDIA	A09207184

* Date of charge modification

UNSECURED LOANS

PARTICULAR	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG TERM BORROWINGS
Madhu Bala Jain	1.027	1.027
P.K. Jain	0.000	0.021
P.K. Jain (HUF)	0.000	0.017
Shilpi Jain	0.000	1.542
Stitch – 9	2.264	0.110
Usha Chattopadhyay	2.035	2.045
Prabha Singh	1.027	1.027
SHORT TERM BORROWINGS
Other than term loan
Bank OD Account	63.158	51.823
Packing credit limit	4.500	2.499
Total	74.011	60.111

FINANCIAL SUMMARY

The financial statements of the company for the year ended 31^st March, 2013 have been prepared in accordance with the revised schedule VI and accordingly, the previously year’s figures have been reclassified/ regrouped to conform to this year’s classification. Net revenue from operations for the entity increased to Rs. 546.224 Millions from Rs. 389.433 Millions in the previous year – a growth of 40.26%. the net profit (before tax) increased by 61-72%, from Rs. 94.122 Millions to Rs. 152.214 Millions.

FIXED ASSETS

· Air conditioner

Mobile Equipment

Computer A/C

Computer Software

Tools and Equipments

Dies and Moulds

Furniture

Jeep and Car

Machinery

Vehicle

Electric Equipments

EPABX

Fax Machine

Building

Land

Office Equipment

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.62.32
UK Pound	1	Rs.101.78
Euro	1	Rs.84.68

INFORMATION DETAILS

Information Gathered by :	PDT
Report Prepared by :	MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--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		48

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.