1. Summary Information

		Country	India
Company Name	ANUVI CHEMICALS LIMITED	Principal Name 1	Dr. (Mrs.) Kanaklata Krishna Kumar Saxena
Status	Moderate	Principal Name 2	Mr. Rajesh Kumar Anandlal Saxena
		Registration #	--
Street Address	205, Narmada, 2^nd Floor, Laxmi Industrial Premises, Pokharan Road No. 1, Vartak Nagar, Thane – 400606, Maharashtra, India
Established Date	26.04.1988	SIC Code	--
Telephone#	91-22-25855400/ 25855379/ 25855434	Business Style 1	Manufacturing
Fax #	91-22-25855714/ 25855435	Business Style 2	Customised Solutions for Various Industries like Paint
Homepage	http://www.anuvichem.com	Product Name 1	Speciality Ecofriendly Products
# of employees	--	Product Name 2	---
Paid up capital	Rs.17,142,000 /-	Product Name 3	----
Shareholders	Directors or relatives of Directors-100%	Banking	The Thane Janata Sahakari Bank Limited
Public Limited Corp.	No	Business Period	26 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	B (29)
Related Company
Relation	Country	Company Name	CEO
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2013		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	67,313,000	Current Liabilities	46,410,000
Inventories	29,979,000	Long-term Liabilities	51,593,000
Fixed Assets	13,618,000	Other Liabilities	9,050,000
Deferred Assets	1,129,000	Total Liabilities	107,053,000
Invest& other Assets	14,288,000	Retained Earnings	2,132,000
		Net Worth	19,274,000
Total Assets	126,327,000	Total Liab. & Equity	126,327,000
Total Assets (Previous Year)	98,033,000
P/L Statement as of	31.03.2013		(Unit: Indian Rs.)
Sales	247,291,000	Net Profit	21,000
Sales(Previous yr)	264,471,000	Net Profit(Prev.yr)	3,262,000

MIRA INFORM REPORT

Report Date :

26.02.2014

IDENTIFICATION DETAILS

Name :	ANUVI CHEMICALS LIMITED (w.e.f. 03.01.2008)
Formerly Known as :	ANUVI CHEMICALS PRIVATE LIMITED
Registered Office :	205, Narmada, 2^nd Floor, Laxmi Industrial Premises, Pokharan Road No. 1, Vartak Nagar, Thane – 400606, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	26.04.1988
Com. Reg. No.:	11-047161
Capital Investment / Paid-up Capital :	Rs.17.142 Millions
CIN No.: [Company Identification No.]	U24110MH1988PTC047161
IEC No.:	0391140710
TAN No.: [Tax Deduction & Collection Account No.]	PNEA07414B
PAN No.: [Permanent Account No.]	AAACA1007G / AAACA10079
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturing of Speciality Ecofriendly Products and Customised Solutions for Various Industries like Paint, Non – woven Textiles, Leather, Construction Etc.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (29)

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

Maximum Credit Limit :	USD 78000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is a well-established company having moderate track. The management has reported a drastic dip in it’s net profitability which has impacted the profit margin during 2013. Further, the company possesses a below average financial profile marked by low reserves and huge external borrowings recorded in the books. However, trade relations appears to be fair. Business is active. Payment terms are reported as slow. The company can be considered for business dealings with great 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 – 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.

LOCATIONS

Registered Office :	205, Narmada, 2^nd Floor, Laxmi Industrial Premises, Pokharan Road No. 1, Vartak Nagar, Thane – 400606, Maharashtra, India
Tel. No.:	91-22-25855400/ 25855379/ 25855434
Fax No.:	91-22-25855714/ 25855435
E-Mail :	sales@anuvichem.com anuvi@vsnl.com
Website :	http://www.anuvichem.com http://www.anuvi.in http://www.resikon.in
Area :	560 sq ft
Location :	Owned
Factory / Research:	Plot No. W 71 B and Part, MIDC Industrial Area, Badlapur – 421503, District – Thane, Maharashtra, India
Tel. No.:	91-251-2690418
Fax No.:	91-251-2690769
Area :	1382 sq. ft.
Location :	Leased
Sales/ Marketing Office :	G- 212, ‘Godavari’, 2^nd Floor, Laxmi Industrial Premises, Pokhran Road No. 1, Vartak Nagar, Thane 400606, Maharashtra, India
Tel. No.:	91-22-25855400
Fax No.:	91-22-25855714
Area :	560 sq. ft.
Location :	Rented

DIRECTORS

As on 28.09.2013

Name :

Dr. (Mrs.) Kanaklata Krishna Kumar Saxena

Designation :

Whole Time Director

Address :

25 E/4, Model Town, Balrajeshwar Road, Mulund, Mumbai-400080, Maharashtra, India

Mobile No.: 91-9820055768

Date of Birth/Age :

01.11.1945

Qualification :

M.Sc (Chem), Gold Medalist, Ph.D

Date of Appointment :

01.06.2013

DIN No.:

0048423

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	U25209DL1976PLC008309	HPL ADDITIVES LIMITED	Director	13/10/2005	13/10/2005	06/02/2012	Active	NO
2	U24110MH1988PLC047161	ANUVI CHEMICALS LIMITED	Whole-time director	01/06/2013	01/06/2008	-	Active	NO

Name :

Mr. Rajesh Kumar Anandlal Saxena

Designation :

Whole Time Director

Address :

25 A, Mini Land Tank Road, Bhandup, Mumbai-400078, Maharashtra, India

Date of Birth/Age :

10.10.1942

Qualification :

M.A. (Eco) MSW

Date of Appointment :

01.06.2008

DIN No.:

00144215

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	U24110MH1988PLC047161	ANUVI CHEMICALS LIMITED	Whole-time director	01/06/2008	26/04/1988	-	Active	NO

Name :

Dr. Krishana Krishna Saxena

Designation :

Managing Director

Address :

225 E/4, Model Town, Balrajeshwar Road, Mulund, Mumbai-400080, Maharashtra, India

Date of Birth/Age :

15.08.1939

Qualification :

M.Sc, M.Tech, Ph.D (I.I.T. Kgp)

Date of Appointment :

01.06.2013

DIN No.:

00143968

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	U24110MH1988PLC047161	ANUVI CHEMICALS LIMITED	Managing director	01/06/2013	26/04/1988	-	Active	NO

Name :

Prof. Vinod Chintamani Malshe

Designation :

Whole Time Director

Address :

1, University Staff Quarters, UDCT Campus, Matunga, Mumbai – 400019, Maharashtra, India

Date of Birth/Age :

28.02.1947

Qualification :

M.Sc (Tech), Ph.D (Tech)

Date of Appointment :

01.06.2013

DIN No.:

00642540

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	L23209DL1991PLC219214	INTERLINK PETROLEUM LIMITED	Director	30/06/1998	30/06/1998	13/10/2008	Active	NO
2	U24110MH2000PLC128198	FILTRA CATALYSTS AND CHEMICALS LIMITED	Director	01/09/2001	01/09/2001	-	Active	NO
3	U24100PN2004PLC140957	ALUCHEM INDIA LIMITED	Director	19/09/2004	19/09/2004	30/03/2009	Active	NO
4	U29299PN2005PTC020920	ECOSUSTAIN TECHNOLOGIES PRIVATE LIMITED	Director	23/06/2005	23/06/2005	-	Active	NO
5	U74110PN2006PTC129206	PEERLESS TECHNO-LEGAL SERVICES PRIVATE LIMITED	Director	03/03/2007	03/03/2007	-	Strike off	NO
6	U27101MH1986PTC041207	TRANSPARENT TECHNOLOGIES PRIVATE LIMITED	Director	08/07/2007	08/07/2007	-	Active	NO
7	L99999MH1994PLC076236	Astec Lifesciences Limited	Director	30/09/2008	10/03/2008	-	Active	NO
8	U24110MH1988PLC047161	ANUVI CHEMICALS LIMITED	Whole-time director	01/06/2013	14/03/2008	-	Active	NO
9	U74999MH2008PTC180168	AM Ozonics Private Limited	Director	17/03/2008	17/03/2008	-	Active	NO
10	L25209MH1961PLC012223	RESINS AND PLASTICS LIMITED	Director	23/09/2009	27/01/2009	04/09/2013	Active	NO

Name :

Dr. Rajan Saxena

Designation :

Whole Time Director

Address :

27-A-31, Takshila Apartments, Mahakali Road, Andheri (East), Mumbai – 400093, Maharashtra, India

Date of Birth/Age :

27.10.1949

Date of Appointment :

01.06.2013

DIN No.:

00784698

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	L23209DL1991PLC219214	INTERLINK PETROLEUM LIMITED	Director	30/06/1998	30/06/1998	13/10/2008	Active	NO
2	U24110MH2000PLC128198	FILTRA CATALYSTS AND CHEMICALS LIMITED	Director	01/09/2001	01/09/2001	-	Active	NO
3	U24100PN2004PLC140957	ALUCHEM INDIA LIMITED	Director	19/09/2004	19/09/2004	30/03/2009	Active	NO
4	U29299PN2005PTC020920	ECOSUSTAIN TECHNOLOGIES PRIVATE LIMITED	Director	23/06/2005	23/06/2005	-	Active	NO
5	U74110PN2006PTC129206	PEERLESS TECHNO-LEGAL SERVICES PRIVATE LIMITED	Director	03/03/2007	03/03/2007	-	Strike off	NO
6	U27101MH1986PTC041207	TRANSPARENT TECHNOLOGIES PRIVATE LIMITED	Director	08/07/2007	08/07/2007	-	Active	NO
7	L99999MH1994PLC076236	Astec Lifesciences Limited	Director	30/09/2008	10/03/2008	-	Active	NO
8	U24110MH1988PLC047161	ANUVI CHEMICALS LIMITED	Whole-time director	01/06/2013	14/03/2008	-	Active	NO
9	U74999MH2008PTC180168	AM Ozonics Private Limited	Director	17/03/2008	17/03/2008	-	Active	NO
10	L25209MH1961PLC012223	RESINS AND PLASTICS LIMITED	Director	23/09/2009	27/01/2009	04/09/2013	Active	NO

Name :

Mr. Vivek Krishna Kumar Saxena

Designation :

Director

Address :

25 E/4, Model Town, Balrajeshwar Road, Mulund (West), Mumbai, India

Date of Birth/Age :

09.06.1971

Qualification :

B.Sc (Hons.), M.M.S. (Marketing), M.M.S. (Finance)

Date of Appointment :

23.03.2007

DIN No.:

01947344

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	U22219MH2007PTC168132	ZIPCASH CARD SERVICES PRIVATE LIMITED	Director	24/02/2007	24/02/2007	-	Active	NO
2	U24110MH1988PLC047161	ANUVI CHEMICALS LIMITED	Director	23/03/2007	23/03/2007	-	Active	NO
3	U72900MH2010PTC198731	RaiseBill Services Private Limited	Director	11/01/2010	11/01/2010	-	Active	NO

Name :

Mrs. Anupriya Jahagirdar

Designation :

Director

Address :

A – 003, Avinash Sanmarg Society, 90 Feet Road, Mulund (East), Mumbai, India

Date of Birth/Age :

26.12.1976

Date of Appointment :

26.09.2009

DIN No.:

02822434

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 28.09.2013

Name of Shareholders	No. of Shares	%age
Kanaklata K. Saxena	135189	78.86
Rajesh Kumar A. Saxena	30789	17.96
Krishna Kumar Saxena	5374	3.13
Sonal Vivek Saxena	17	0.01
Anupriya Amol	17	0.01
Comdr Amol Santosh Jahagirdar, Mumbai	17	0.01
Vivek Krishnakumar Saxena	17	0.01
Total	171,420	100.00

As on 28.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing of Speciality Ecofriendly Products and Customised Solutions for Various Industries like Paint, Non – woven Textiles, Leather, Construction Etc.

Products :

Item Code No.	Product / Service Description
3906.9090 3905.9090	Resin emulsions and chemicals for Paints, ink, paper, textiles Leather and Construction Industry

PRODUCTION STATUS (As on 31.03.2011)

Particulars	Unit	Actual Production
Net off Capital Consumption	Kg	4991968

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

The Thane Janata Sahakari Bank Limited, Dindayal Bhavan, Jambi Naka, Thana – 400601, Maharashtra, India

Facilities :

Secured Loan	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG TERM BORROWING
Secured
Term Loan from Banks	9.172	2.146
SHORT TERM BORROWING
Packing credit loan	12.180	7.914
Bank Cash credit loan	28.741	25.136
Total	50.093	35.196

Details of Securities and Terms and conditions of Repayments are as under:

Nature of Securities	Term of Repayment
a) Secured Loans l)Term loan of 1.322 Millions is secured against hypothecation of plant and machinery , both existing and future, and collateral Security of mortgage of Badlapur land and building.	Term loan of Rs 1.322 Millions is repayable in 24 monthly equal instalments Rate of interest 13.50% p.a as at balance sheet date (P.Y 13.50% P.a) Last instalment due in March 2015)
2)Term loan of Rs.1.396 Millions is secured against hypothecation of plant and machinery , both existing and future, and collateral security of mortgage of Badlapur land and building.	'term loan of Rs 1.396 Millions is repayable in 51 equal instalments Rate of interest 14.00% p.a as at balance sheet date (P.Y 14.00%) Last instalment due in June 2017
3) Term Loan of Rs 9.733 Millions is secured against Equitable mortgage of Gala No 210 - 2 I 1, Narmada, Laxmi Indl. Premises, Thane These loans are further secured by personal guarantee of 3 directors of the company.	Term loan of Rs 9.733 Millions is repayable in 83 equal instalments Rate of interest 14.10%op .a as at balance sheet date (P.Y Nil) Last instalment due in April 2020 Car loan of Rs 0.314 Millions is repayable in 50 equal instalments Rate of interest 12.06% p.a as at balance sheet date (P.Y Nil) Last instalment due in May 2017

Details of Securities and Terms and conditions of are as under:

Nature of Securities	Term of Repayment
i) Packing credit loan are secured against hypothecation of stock and book debts and equitable mortgage of land and building and hypothecation of plant and machinery situated at Badlapur.	Packing credit loan is repayable on due dates from the date of export with a maximum limit of 90 days.
ii) Cash credit loan is secured against stock and book debts and equitable mortgage of land and building and hypothecation of plant and machinery situated at Badlapur.	It carries 11% p .a rate of interest (P.Y 11.50 % p.a)
iii)These loans are further secured by personal guarantee of 3 directors of the company.	Cash Credit loan is repayable on demand It carries 14.10% p.a rate of interest(P.Y 14.00% p.a)

Banking Relations :	---
Auditors :
Name :	Desai Saksena and Associates Chartered Accountants
Address :	1^st Floor, Laxmi Building, Sir P. M. Road, Fort, Mumbai-400001, Maharashtra, India
Tel. No.:	91-22-66261600 / 66261615
Fax No.:	91-22-66261617
E-Mail :	dsacas@eth.net contact@dsaca.co.in
Website:	http://www.dsaca.co.in
PAN. No:	AABFD6281B

CAPITAL STRUCTURE

As on 28.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.100/- each	Rs.100.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
171420	Equity Shares	Rs.100/- each	Rs.17.142 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	17.142	11.999
(b) Reserves & Surplus	2.132	7.253
(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)	19.274	19.252
(3) Non-Current Liabilities
(a) long-term borrowings	10.672	2.446
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.985	0.750
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	11.657	3.196
(4) Current Liabilities
(a) Short term borrowings	40.921	33.050
(b) Trade payables	46.410	38.003
(c) Other current liabilities	8.065	4.532
(d) Short-term provisions	0.000	0.000
Total Current Liabilities (4)	95.396	75.585
TOTAL	126.327	98.033
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	13.618	14.717
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	14.188	0.183
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.100	0.088
(c) Deferred tax assets (net)	1.129	0.934
(d) Long-term Loan and Advances	3.015	0.611
(e) Other Non-current assets	0.046	0.062
Total Non-Current Assets	32.096	16.595
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	29.979	23.355
(c) Trade receivables	53.560	47.109
(d) Cash and cash equivalents	4.501	3.404
(e) Short-term loans and advances	6.191	7.570
(f) Other current assets	0.000	0.000
Total Current Assets	94.231	81.438
TOTAL	126.327	98.033

SOURCES OF FUNDS		31.03.2011
SHAREHOLDERS FUNDS
1] Share Capital		2.000
2] Share Application Money		0.000
3] Reserves & Surplus		13.991
4] (Accumulated Losses)		0.000
NETWORTH		15.991
LOAN FUNDS
1] Secured Loans		42.331
2] Unsecured Loans		0.300
TOTAL BORROWING		42.631
DEFERRED TAX LIABILITIES		0.000
TOTAL		58.622
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		15.394
Capital work-in-progress		0.100
INVESTMENT		0.088
DEFERREX TAX ASSETS		0.806
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	30.548
	Sundry Debtors	51.639
	Cash & Bank Balances	3.909
	Other Current Assets	0.000
	Loans & Advances	12.604
Total Current Assets		98.700
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.425
	Other Current Liabilities	51.177
	Provisions	4.864
Total Current Liabilities		56.466
Net Current Assets		42.234
MISCELLANEOUS EXPENSES		0.000
TOTAL		58.622

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	247.291	264.471	279.288
		Other Income	1.449	1.089	2.160
		TOTAL	248.740	265.560	281.448
Less	EXPENSES
		Cost of Materials Consumed	188.615	206.295	0.000
		Changes in Inventories of Finished Goods work in progress and Stock-in-Trade	(3.780)	(1.994)	1.029
		Manufacturing Expenses	21.639	20.011	243.125
		Employees benefit Expense and Remuneration	15.474	13.934	8.625
		Office and Administrative Expenses	0.000	0.000	4.732
		Selling and Distribution Expenses	0.000	0.000	9.497
		Other Expenses	15.863	11.687	0.000
		TOTAL	237.811	249.982	267.008
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		10.929	15.578	14.440
Less	FINANCIAL EXPENSES		7.960	7.578	6.716
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		2.969	8.000	7.724
Less/ Add	DEPRECIATION/ AMORTISATION		2.949	3.029	2.643
	PROFIT BEFORE TAX		0.020	4.971	5.081
Less	TAX		(0.001)	1.709	1.896
	PROFIT AFTER TAX		0.021	3.262	3.185
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		7.253	13.991	10.806
	BALANCE CARRIED TO THE B/S		2.132	7.253	13.991
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	53.627	28.358	30.468
	TOTAL EARNINGS		53.627	28.358	30.468
	IMPORTS
		Raw Materials	69.892	50.073	77.226
	TOTAL IMPORTS		69.892	50.073	77.226
	Earnings Per Share (Rs.)		0.16	70.78	159.13

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	0.01	1.22	1.131
Net Profit Margin (PBT/Sales)	(%)	0.01	1.88	1.82
Return on Total Assets (PBT/Total Assets}	(%)	0.02	5.13	4.45
Return on Investment (ROI) (PBT/Networth)		0.00	0.26	0.32
Debt Equity Ratio (Total Liability/Networth)		2.67	1.84	6.20
Current Ratio (Current Asset/Current Liability)		0.99	1.08	1.75

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013
	(INR in Mlns.)	(INR in Mlns.)
Share Capital	11.999	17.142
Reserves & Surplus	7.253	2.132
Net worth	19.252	19.274
long-term borrowings	2.446	10.672
Short term borrowings	33.05	40.921
Total borrowings	35.496	51.593
Debt/Equity ratio	1.844	2.677

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(INR in Mlns)	(INR in Mlns)	(INR in Mlns)
Sales	247.291	264.471	279.288
		6.947	5.603

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(INR in Mlns)	(INR in Mlns)	(INR in Mlns)
Sales	247.291	264.471	279.288
Profit After Tax	0.021	3.262	3.185
	0.01%	1.23%	1.14%

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	No
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	No

OPERATIONS:

The year ended on 31st March, 2013 was a challenging year basically due to reasons:

A) General Slowdown in the economy.

B) Increase in Input Costs.

Company’s Sales showed downward trend due to slow down in paint and construction industries. Ceramic industry also switched over to other products which resulted in lowering of sales in this segment. However, sales in Ink/Paper segment improved.

Production decreased in volume by 10.30% and sales by 9% in volume and by 6.4% in value over 2011- 2012.This downturn resulted in decline in lowering of Profits by about 63%.

Exports increased to 830 MT in Financial Year 2012-2013 as compared to 653 MT in Financial Year 2011-2012.

FIXED ASSETS:

• Lease hold Land
• Factory Premises
• Office Equipment
• Plant and Machinery
• Vehicles
• Furniture and Fixtures
• Computer
• Laboratory Equipments
• Electrical Fittings
• Air Conditioner
• Fire Extinguisher

UNSECURED LOAN

Particulars	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG TERM BORROWING
Unsecured
Loans From Related Parties	1.500	0.300
Total	1.500	0.300

Details of Securities and Terms and conditions of repayments are as under:

Nature of Securities	Term of Repayment
Unsecured Loans from directors and Shareholders	There is no repayment schedule Rate of interest is 12.00% P.a (P.Y 2012)

VIEW INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10381554	31/08/2012	9,800,000.00	THE THANE JANATA SAHAKARI BANK LIMITED	TJSB HOUSE, PLOT NO.B-5, ROAD NO.2, BEHIND APLAB,  LAB, WAGLE INDUSTRIAL ESTATE, THANE (W), THANE, Maharashtra - 400604, INDIA	B60087897
2	10369501	16/06/2012	364,000.00	Axis Bank Limited	ASC/CPC MUMBAI, 1ST FLR, JANMABHOOMI BHAVAN, JANM  ABHOOMI MARG, FORT,, MUMBAI, Maharashtra - 400001,  INDIA	B45286804
3	10348731	28/03/2012	2,000,000.00	THE THANE JANATA SAHAKARI BANK LTD.	LAXMI INDUSTRIAL COMPLEX, VARTAK NAGAR NAKA, THAN  E WEST, Maharashtra - 400606, INDIA	B37291663
4	10335839	01/02/2012	3,500,000.00	THE THANE JANATA SAHAKARI BANK LTD.	LAXMI INDUSTRIAL COMPLEX, VARTAK NAGAR NAKA, THAN  E WEST, Maharashtra - 400606, INDIA	B32250862
5	10335841	01/02/2012	5,000,000.00	THE THANE JANATA SAHAKARI BANK LIMITED	LAXMI INDUSTRIAL COMPLEX, VARTAK NAGAR NAKA, THAN  E WEST, Maharashtra - 400606, INDIA	B32252595
6	10335845	01/02/2012	7,500,000.00	THE THANE JANATA SAHAKARI BANK LIMITED	LAXMI INDUSTRIAL COMPLEX, VARTAK NAGAR NAKA, THAN  E WEST, Maharashtra - 400606, INDIA	B32254492
7	10211930	18/03/2010	2,675,000.00	THE THANE JANATA SAHAKARI BANK LIMITED	DINDAYAL BHAVAN, JAMBLI NAKA, THANE, Maharashtra  - 400601, INDIA	A82729393
8	10123222	15/06/2009 *	10,000,000.00	THE THANE JANATA SAHAKARI BANK LTD.	DEENDAYL BHAVAN,, JAMBHLI NAKA, THANE, Maharashtra - 400601, INDIA	A64909708
9	10123221	08/03/2010 *	30,000,000.00	THE THANE JANATA SAHAKARI BANK LIMITED	DINDAYAL BHAVAN, JAMBHLI NAKA, THANE, Maharashtra  - 400601, INDIA	A82729419
10	10048867	13/03/2007	1,100,000.00	The Thane Janata Sahakari Bank Limited	deendayal bhavan, Jambhali Naka, Thane, Maharashtra - 400601, INDIA	A14497614

* 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 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.62.16
UK Pound	1	Rs.103.44
Euro	1	Rs.85.27

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--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		29

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.